The Business Times, 12 September 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 THURSDAY, SEPTEMBER 12, 1985 60 CENTS
    12 words
  • 661 1  -  Mounting pressure for change in Section 149 of Companies Act By RAY HEATH, Associate Editor THE GROWING PRESSURE in favour of a change in the controversial Section 149 of the Companies Act is raising hopes in legal circles that it will be amended quickly, although
    661 words
  • 742 1  -  By JAIME LYE JUST MONTHS AGO, the hotel industry was facing the threat of a manpower squeeze. Today, the situation is different. Widespread retrenchment in various sectors of the economy has released more workers into the hotel industry, easing recruitment problems for
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  • 115 1 THE SINGAPORE government yesterday denied Bangkok press reports that political asylum had been granted to an alleged leader of the abortive Thai coup, Colonel Manoon Roobkajom. A brief statement from the Ministry of Foreign Affairs said Thai authorities had requested permission for Col Manoon to
    115 words
  • Article, Illustration
    91 1 BLUE CHIPS and big stocks continued to be neglectod toe Singapore stock market yesterday as small second and third liaers enjsyed active trading. At the close, the Straits Times ladastrial Index had aadged forward just 1.74 point to 751.41 while the BT Composite Index was 9.24 point ahead
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  • 321 1 AFP PROTEST WAS RIFE among the electronic media in Hongkong yesterday after the government released a range of independent sweeping proposals aimed at reforming the local broadcasting industry. Banning of cigarette TV commercials, privatisation of the government TV and radio station and curbs
    AFP  -  321 words
  • 460 1  -  By BOEY KIT YIN NIPPON Miniature Bearings (NMB), which recently shifted its labour-intensive operations to Thailand, has invested $20 million on a new tool and die factory and a new division to make computer printers. The leading Japanese ball bearing manufacturer's new investment comes
    460 words
  • 108 1 Reuter DIPLOMATS and oil sources yesterday dismissed reports of unrest in Saudi Arabia which affected oil company shares and foreign exchange markets. Western diplomats said they had received no reports from their embassies of any unusual activity. A spokesman for the Saudi press agency's London office
    Reuter  -  108 words
  • Page 1 Advertisements
    • 140 1 A WATERMAN PARIS Writing instruments of distinction since 1884 Trade enauiries: Tfel: *****33 WITH la;Ta. »>i Everybody needs a bank providing full personal banking services like savings, fixed deposits and personal loans. At UMBC we provide all these but we serve you with that little bit of "personalised attention" that
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    • 286 1 Leader, Page 8 SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW THE LABOUR MARKET in the hotel industry, which only o few months ago favoured the job seekers, has shifted in favour of the employers. There is now no more talk
      286 words
    • 55 1 (/!?;=}%)/{@\,]`-'&~)~<&|'{)[/& ONFRI&SUN Friendly connections to Brunei Darussalam. Whatever your business in Brunei Darussalam, we spoil you with the most ehoiee of flights: twiee daily at 11.30 am and 9.10pm, plus an additional flight every Friday at 3pm, and every Sunday at 11.20pm. Whatever your business in Brunei Damssalam, you 11
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    • 0 1 /}@(.**/)-'(:^("%-:<'&,>>~+..}/
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  • HOME NEWS
    • 500 2  -  By ELAINE KOH INCHCAPE BHD has teamed up with a Swedish partner to tap the security services market, estimated to be worth $200 million a year. This joint-venture, called Apro-Asian Protection, will provide services similar to those of Cisco's (Commercial and Industrial Security Corporation).
      500 words
    • 284 2 MORE THAN 100 companies fought tor $7 million worth of contracts awarded by the Housing and Development Board recently. Most were local companies hunting for jobs, no matter how small, in a shrinking construction market in the private sector.
      284 words
    • 124 2 SINGAPORE Newspaper Services is organising its first family day for staff and their families at CN West Leisure Park in Jurong on Sep 22. SNS was incorporated recently as one of the four main subsidiary companies of Singapore Press Holdings Ltd. With its
      124 words
    • 82 2 HEALTH AND MEDICAL matters will be the focus of discussions between a 20-member delegation from India and local officials from the various health departments this Saturday. The delegation, from the Indian state of Maharashtra, will be visiting the Primary Health Care Services at Dunearn Road during their
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    • 37 2 IN YESTERDAY'S BT, Rothmans was reported to have increased its productivity by 1.3 per cent as a result of automation. The productivity increase should have been 13 per cent. We are sorry (or the error.
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    • 462 2  -  By LIM SOON NEO A JOINT Singapore-French contractor is seeking compensation from the Mass Rapid Transit (MRT) Corporation because it needs to fork out additional investments as a result of tricky ground conditions in its tunnelling work. Campenon Bernard-Singa-pore Piling, which is working behind
      462 words
    • 178 2 AN AUSTRALIAN health care systems company is thinking of forming a joint venture with a local company to serve the Asean region, after winning a deal to install a management and accounting system for the new National University Hospital. Infohealth Systems, which already has
      178 words
    • 112 2 THE MINISTER for Foreign Affairs and Community Development, Mr S Dhanabalan, will pay an official visit to Romania and Hungary before proceeding to the UN General Assembly session in New York later this month. Mr Yeo Cheow Tong, the Minister of State for Health and Foreign
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    • 361 2 AIR CHARTER and tour operator Tradewinds Pte Ltd has applied for permission to operate 10 charter flights from Singapore to Pattaya, Thailand. The company, a whol-ly-owned subsidiary of Singapore Airlines, has sought permission for charter flights from Nov 24 to Dec 24. A
      361 words
    • 495 3  -  By ELAINE KOH LA BOULANGERIE, which sells French and European pastries, has set aside $1.2 million to open more outlets in Singapore. The bakery chain is adding three outlets this year, bringing the total to seven. The three new outlets would be cafes-cum-bakeries,
      495 words
    • 256 3 PHOTOCOPIERS are a boon when numerous copies of documents are needed. But office managers know only too well that they are also open to abuse and find it hard to account for rising costs. But Rank Xerox yesterday launched a photocopier which
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    • 185 3 US RINGBINDER has opened a multi-million dollar ring-binder plant, and it looks as if the company will be pumping more money into Singapore. The Economic Development Board chairman, Mr PY Hwang, said the company intended to add paper shredders to its operations as well. Mr
      185 words
    • 251 3 BEIJING'S Chinese Academy of Science and Shanghai's Fudan University will market computer hardware and software in China for Far East Computers (FEC) under an agreement signed yesterday. The company has also clinched two sales agreements totalling $400,000 recently, bringing total Chinese contracts clinched
      251 words
    • 63 3 THE PWD will be launching prestressed concrete beams for a new pedestrian overhead bridge at Jalan Bukit Merah near SAFRA on Saturday between lam to sam. During this period, a portion of Jalan Bukit Merah between Alexandra Road and Hoy Fatt Road will be
      63 words
    • 386 3  -  Too soon to predict sustained rise, say oil companies By LOH HUI YIN PETROL SALES are picking up again, after months of decline. Preliminary indications show that sales have recovered up to 10 per cent. The pick-up followed the cut in
      386 words
    • 170 3 A SERIES of fortnightly roadshow extravaganzas climaxing in a Christmas season finale begins its rounds this month. The public outreach by Community Chest of Singapore, via song, dance, quiz and skits with a eare-and-share theme, is to increase the awareness of Chest activities among the Chinesespeaking
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    • 147 3 EIGHTY PER CENT of the display area in Ideal Home Exhibition '85 has been booked. With two months to go before the show opens, the organisers expect all of the exhibition space to be sold. Ideal Home Exhibition '85 which will open in Hall
      147 words
  • Page 2 Advertisements
    • 150 2 1 y i If you've sold them Singapore, stand up and be recognised. On December 6th 1985 the Singapore Tourist Promotion Board will be presenting the first ever Tourism Awards. Whether you are a tour operator, airline, hotelier, travel writer, manufacturer of souvenirs or manage a tourist attraction, the awards
      150 words
    • 78 2 aa Jjjok for the extra touchy attbekeaftoftbecityat B£ An exclusive lounge to ensure privacy comfort while waiting. V* A 4 private tatamt rooms, each cheerily cosy tastefully furnished. A Kampachi's very own 'Happy Hours' from 6pm to Bpm daily. So juice up the evenings with 20% off all drinks plus
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  • Page 3 Advertisements
    • 16 3 W^TER TS PRECIOUS. If a OH SPA Rfirn' spiinv; V [ll i§3" MINERAL WATER FROM BELGIUM
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    • 184 3 f A .11 f *9*- w«*^c iWfltigfe »e* -»j« JM -"V yipe sSK* <v •> >• WW. V? r*£ '■*:K jfjijp*m >. W;* y'I: J W. *H <&««? <Nbok *fh*% »,'-j-.« iiir<l<y W m '> >*r ■> BFfl|PB|^P« :W, V* p *T V i »v»,, > v,? i jifif w
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  • RAW MATERIALS
    • 500 4 Reuter VEGETABLE OIL import demand of seven selected Asian countries is expected to rise sharply during October/March 1985-86, partly due to falling domestic oilseed production and to continuing rises in consumption. The Hamburg-based newsletter, Oil World, said that total Indian 1985-86
      Reuter  -  500 words
    • 769 4 COFFEE Robusta futures drifted down to close at the day's lows on Tuesday, £20 to £31 a tonne below Monday's close, in thin and featureless trading, depressed by marginally firmer sterling and a slightly lower New York market. Prices started lower in the morning, partly on light long
      769 words
    • 135 4 THE Kula Lumpur Tin Market price fell two cents to clmc at M529.C5 per kg yesterday with a lack of demand In spite of a sterling's rise against the rlnggit. Volume of tin concentrates delivered by miners fell to 14t tonnes from 151 tonnes on Tuesday with no
      135 words
    • 177 4 Yarn Hongkong Golden 115 50 (In HKS per bole of 400 lb) Peak, 60 x 60 China carded yarn, Blue Phoenix 16's Blue Phoenix 20's Blue Phoenix 32's Blue Phoenix 40's Carded yarn, hank cones 2,450 2,500 2,900 3,330 White cloth (per piece, 36 inch by 40 yds) Japan
      177 words
    • 214 4 SOYBEAN futures on the Chicago Board of Trade ranged from down two US cents a bushel in spot September to up a fraction in other months at mid-ses-sion on Tuesday. November through March established new season's lows, with November in a narrow 3'/j--cent range. After a steady opening of
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    • 223 4 WHEAT futures on the Chicago Board of Trade ranged from down 3'« US cents a bushel in spot September to up two cents in distant July on Tuesday. December was near the bottom of a 3 1 4-cent range. The nearby month was under the most pressure, as professional
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    • 212 4 SINGAPORE The market closed slightly firmer yesterday with October One RSS buyers quoted at 166.00 cents per kg, up 0.50 cents from Tuesday. The morning session gained 0.50 cents after fluctuating within a narrow range in quiet trading. Prices were little changed from lunch-time levels in quiet afternoon trading.
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    • 363 4 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers kit 1 RSS Prompt 166.50 167 SON 166 00 167 00N Int 1 RSS Oct 85 166 25 166 75 166 00 166 25 Int 1 RSS Nov 85 164 25 164 75
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    • 111 4 (cents/kg, 1-ton pallets) OCT 85 NOV 85 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 136 00 138 00N 137 00 139 OON SSR 50 134 00 136 00N 135 00 137 OON MRELB Buyers Sellers Buyers Sellers SMR CV 178 00
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    • 150 4 Chinese Produce FOB NSW 440 00 Exchange (Sellers' noon closing Sep 11 (S$/100 kg) prices on Nutmeg 110 FOB NSW E&W FOB NSW ***** 338 00 Coconut oil Bulk FOB CHd drum FOB New drum FOB 80 00 9300 97 00 Gambier FOB NSW 330 00 Copra Mixed
      150 words
    • 287 4 Singapore Loonzain Rice (S$7kilo, a>-godown) 100% 1st grade SB unq Fragrant new crop 1 Ct A 7fl 100% 2nd grode 100% 3rd grode 2nd v./o 0.56 Parboiled Rice 3rd 0.54 5% 215 New Crop 10% 210 25% 10% no stock no stock Maize unq Thai Broken A-super 0.54 Hongkong
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    • 164 4 LATE COVERING interest yesterday ahead of India's weekly vegetable oil tender today took Malaysian crude palm oil prices above opening lows to close unchanged to slightly lower. Trading was fairly thin as operators were sidelined ahead of USDA soybean production estimate. In the September position, north and central
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  • Page 4 Advertisements
    • 178 4 Kangxi Lounge wfiHSS- a-v v I*, Kim \a»~ to £> Marquez Chamber Strings Only $3' for a drink So what are you waiting for? The Perfect Notes A whisky for only $3? Unbelievable but true, we're charging $3 for evendrink (except premium brands), served at the Kangxi Lounge, from 4
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    • 138 4 Express your individuality Express your personality with a distinctive, vital look which you can easily co-ordinate at Melwani. Select from a wide choice of reputable suitings, from names such as Wain Shiell, Dormeuil, Zegna and other top quality brands. Choose readymade clothes, shoes and accessories that will complement and reflect
      138 words

  • OVERSEAS
    • 277 5 Reuter THE US TREASURY Department said the government would run out erf money next month unless Congress raised the ceiling on the Federal debt to a new record of more than US$2 trillion. Without a $255 billion increase to a record $2,078 trillion,
      Reuter  -  277 words
    • 298 5 Reuter SUICIDE has become the third leading cause of death among young Americans and the federal government should pay more attention to the problem, a congressional committee was told on Tuesday. John Carswell, testifying on behalf of the Child Welfare League of America,
      Reuter  -  298 words
    • 212 5 AP POPULAR American singer Bruce Springsteen will join his former E Street Band guitarist Steve Van Zandt and at least three dozen other artistes in an anti-apartheid record titled "Sun City", due for release in early October. The record will be distributed by Manhattan
      AP  -  212 words
    • 504 5 AP A DIVIDED European Common Market has condemned South Africa's apartheid system, and nine of its 10-member countries will take mild measures against the white-minority government. Britain stood alone on Tuesday in opposing a package of so-called restrictive measures, saying it wanted more
      AP  -  504 words
    • 344 5 UPI FOUR HOUSE of Representatives Democrats and the Union of Concerned Scientists filed suit in a federal court on Tuesday to block a test of the nation's antisatellite weapon against a defunct US satellite orbiting in space. The suit claimed that the
      UPI  -  344 words
    • 119 5 AFP SEVEN FORMER disciples of the Maharishi Mahesh Yogi are suing their former guru for US$9 million each because he allegedly broke a promise to teach them to levitate and read minds. The six men and one woman brought their case to a federal court in Washington
      AFP  -  119 words
    • 191 5 UPI THE CANADIAN government has taken steps to strengthen the country's sovereignty over the Arctic and warned that it was prepared to defend its position before an international court of law. The government also said it would begin immediate talks with the US
      UPI  -  191 words
    • 134 5 AP THE BRAZILIAN state oil company Petrobras has announced a 40 per cent increase in its petroleum reserves as the result of drilling in a recently-discovered offshore field. Petrobras president Helio Beltrao said the field, located in the Campos Basin, had a capacity of about
      AP  -  134 words
    • 702 6 NYT, FT THE REAGAN Administration is devising a new package of trade measures, including a multi-million dollar "war chest", which could be used to counter subsidies which foreign governments give to finance exports. The "war chest" could amount to US$3OO million and
      NYT,; FT  -  702 words
    • 345 6 Reuter AMERICAN SALES of nuclear technology to China could boomerang on the US if Sino-US relations sour, even though there will be substantial economic benefits. A study by the US Congressional Office of Technology Assessment, released on Tuesday, said that
      Reuter  -  345 words
    • 130 6 Bernama BAR COUNCIL vice-president Param Cumaraswamy was charged in the magistrate's court in Kuala Lumpur yesterday under Section 4(1) (B) of the Malaysian Sedition Act. Mr Cumaraswamy, 44, the chairman of the bar's Human Rights Committee, is alleged to have uttered seditious words at the
      Bernama  -  130 words
    • 166 6 Reuter PHILIPPINE President Ferdinand Marcos celebrated his 68th birthday yesterday with an appeal for national unity and re conciliation, and a vow not to give up the office he has held for nearly 20 years. At an open air rally in a central Manila
      Reuter  -  166 words
    • 269 6 UPI THE JAPANESE government yesterday slapped a one-month export ban on a trading company for illegally shipping computers to the Soviet Union and Poland, the second such penalty imposed on a Japanese company in the past two weeks. The Ministry of International Trade and
      UPI  -  269 words
    • 182 6 AFP A TAIWANESE government agency has predicted economic growth of less than 6 per cent (or the country this year, the lowest since 1881. The Directorate-General of Budget, Accounting and Statistics made the prediction in its latest economic performance report to the authorities
      AFP  -  182 words
    • 136 6 AFP THE INDONESIAN chamber of commerce and Industry, Kadin, has set up a committee charged with promoting and coordinating direct trade with China. Indonesia froze diplomatic and trade ties with China in 1967, accusing Beijing of complicity in an abortive coup two
      AFP  -  136 words
    • 104 6 AFP AUSTRALIA'S trade unions have overwhelmingly accepted a deal with the Federal government which will govern wage movements for the next two years. The 1,200 delegates to the Australian Council of Trade Unions (Actu) biennial congress voted almost unanimously in favour of the deal which will contin-
      AFP  -  104 words
    • 427 6 AP ONE MILLION JAPANESE would lose their Jobs If the US Imposed an Import surcharge being debated in Congress. Japanese Labour Minister Tosbio Yamaguchi, who is scheduled to meet US vice-presi-dent George Bush and Secretary of Labour William Brock in Washington next
      AP  -  427 words
    • 829 6 Operator ARRIVALS Same* Local Froai PAA number PA2I/5 time 0020 LAX/TYO/ HKG GIA GAI3I0 0240 SUB RBA BM43 0330 BWN LUFT LH688 0105 FRA/DXB MAS MH681 0620 KUL GtA GAM 10 0905 UPG MAS MH603 0905 KUL MAS MH605 0930 KUL MAS MH811 0940 PEN AC AC858
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  • Page 5 Advertisements
    • 231 5 For a car its size, the jaguar XJ6 gives an unusually quiet ride. Whisper-quiet and silky smooth. One that speaks softly of refined elegance in a luxury sedan. But press your foot down on the accelerator and it springs its claws. The powerful 4.2 litre engine lets you bound from
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  • Page 6 Advertisements
    • 107 6 v.- in-p EL-ej r<- b El i± M2sre; <r\> ♦s r k 5* w* Even more varieties of Dian Xin for greater value Garden Seafood Restaurant is now serving 60 varieties of superbly prepared dian xin, including specially created seafood delectables like crab in yam paste, squid dumpling and sharksfin
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    • 8 6 Put Ant's New Clipper Class DailyTb Los Angeles.
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  • Page 6 Miscellaneous
    • 48 6 Doonesbury OH d&iALF OF *U$A FOR 90UJH AFfVCA' I UWTTOmWHZVOU Toye'AHKMr Ream* sesaoN. [i rt. i y* s' n ss 5* i y-y BY GARRY TRUDEAU TMNKM9R. MTAHNJTB. mimTO MAIBEIHAVS FfTTHATBiTHE TOO STROM. HOUI UNR NOTES. /VOUT'MIPLY v PEPi&mr? r. <4 S*S 3 > 1 X* a t 11II<
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  • WORLD BACKGROUND
    • 625 7 AFP THE ORGANISATION of Petroleum Exporting Countries will be 25 years old next Saturday, but there will be no celebrations. Once the symbol of emancipation for the poor "South" countries of the world, and a bogeyman to the rich "North" consumers,
      AFP  -  625 words
    • 701 7 AP ZULFUCAR ALI BHUTTO used to dream of creating a family dynasty in which his daughter, Benazir, would one day govern Pakistan, much as Indira Gandhi dominated India. That dream appeared to die when Bhutto was overthrown as prime minister and hanged.
      AP  -  701 words
    • 618 7 Growing unemployment in Birmingham, a former 'model' city Reuter RIOTING IN Birmingham, Britain's "second city", laid bare strains in the social fabric of a nation where a relentless increase in unemployment has been seen this decade. The riots flared in a community that had been
      Reuter  -  618 words
  • Page 7 Advertisements

  • FEATURES
    • 511 8 JUST A FEW MONTHS ago, a reporter asked the personnel manager of a leading hotel for his opinion of the industry's manpower problems. His answer was to suggest that a few job applications, with an outline of qualifications and type of job desired, be submitted
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    • 1278 8  -  RICHARD SEAH Clean and green many tourists to Singapore say this is what they liked best about Singapore. In a second look at the Singapore Tourist Promotion Board's 1984 survey, RICHARD SEAH points out that a clean and green environment alone will not entice
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  • Page 8 Advertisements
    • 73 8 CAMPENON BERNARD SINGAPORE PILING CIVIL CONTRACTORS PTE LTD on the structural completion of Dhoby Ghaut MRT Station V Construction Equipment Representative Office 75 Bukit Timah Road #04-01 Boon Siew Building Singapore 0922 Tel: 337 3111 Telex: RS ***** Cable: VOLVOSING i m a (II 31 if af k r i
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    • 55 8 J J > .y,t' We congratulate CAMPENON BERNARD SINGAPORE PILING CIVIL CONTRACTORS PTE LTD on completion of MRTIO6 Station Structure at Dhoby Ghaut. Sub Contractors: Babich Singapore Private Limited Corporation Electric Company Private Limited E.E.S. Private Limited Electrobel Engineering Singapore G W Ready-Mix Private Limited Resources Development Corporation (Pte) Ltd
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  • SPORTS
    • 303 9 Reuter MIKE BOIT, an Olympic bronze medallist for Kenya back in 1972, ran into retirement before his home crowd in Nairobi on Tuesday. He failed to win but it did not matter. "The most important thing was to run that race, not to
      Reuter  -  303 words
    • 221 9 AP THE JAPANESE Central League's front-running Hanshin Tigers beat the Yokohama Taiyo Whales 12-4 on 20 hits, including a league record of 10 doubles two by American Randy Bass in Yokohama on Tuesday. The previous record was nine doubles in one game. The victory
      AP  -  221 words
    • 384 9 NATIONAL AMATEUR champion Daniel Lim had one of those off-days but still managed to capture The Straits Times Press Trophy for the best gross score at the seventh AMOASSAAAAAA golf tournament at Sera pong yesterday. The second-handicapper had a disastrous front-nine including a triple
      384 words
    • 540 9  -  By WALTON MORAIS SINGAPORE CRICKET will soon receive a boost with the arrival of a foreign coach on a three-month contract. The coach, from the Cricket Control Board of India, has a three-prong mission to train the national squad; to train
      540 words
    • 216 9 UPI GARRY TEMPLETON's seventh inning single scored Tim Flannery from second base to snap a 2-2 tie and lift the San Diego Padres to a 3-2 victory on Tuesday night over the Cincinnati Reds and a hitless Pete Rose in Cincinnati.
      UPI  -  216 words
    • 201 9 Reuter WIMBLEDON CHAMPION Boris Becker admitted in an interview released on Tuesday that he is having problems coping with sudden success. Becker, 17, the youngest man to win a Grand Slam singles title and the first unseeded Wimbledon champion, told the West German magazine
      Reuter  -  201 words
    • 229 9 Agencies THE MANAGER of Scotland's football team, Jock Stein, collapsed and died minutes after the end of his side's 1-1 draw in a vital World Cup qualifying match with Wales on Tuesday. Millions of television viewers saw Stein, 62, carried from the touchline
      Agencies  -  229 words
  • Page 9 Miscellaneous
    • 1180 9 w hod mm THURSDAY FEATURE I SPECIAL I The Glass Monagaria 10.05 pm, Channol 5 Tennessee Williams's stage classic about the hopes and frustrations of a St Louis family in |S the 1930s is dramatised B by a cast headed by the K indomitable Katherine m Hepburn (right). She plays
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    • 660 9 mmsmb CRYPTIC PUZZLE ACROSS I Spicer's possible costs? (6) 7 The motorist has the key to it (8) 8 Regimental animal? (4) 0 Drunk, m Ostend, possibly (6) 1 Be agreeable when reguested (6) 4 Work in a factory (3) 6 Ida sounds a duck (5) 7 He has a
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  • INTERNATIONAL STOCKS
    • 254 10 Reuter CITIBANK, the largest bank in the world, and corporate information giant McGraw-Hill Inc, are joining forces to sell trading information worldwide. The new company, Global Electronic Markets Co (Gemco), is to offer information on a 24-hour basis on prices and markets, shipping and currency
      Reuter  -  254 words
    • 96 10 Reuter THE US Securities and Exchange Commission has adopted a rule that would authorise stock exchanges to trade unlisted securities from January next year. Initially, exchanges will be allowed to trade 25 over-the-counter stocks. Last sale reporting information would be quoted on the National
      Reuter  -  96 words
    • 82 10 Reuter BTR PLC said resolutions enabling it to acquire the 12.7 per cent of Dunlop Holdings PLC it does not already own were passed at a meeting convened by the British High Court of Justice and at an extraordinary general meeting of Dunlop shareholders.
      Reuter  -  82 words
    • 339 10 Reuter THE CONTINUING buzz of takeover rumours failed to prevent share prices from skidding on Wall Street on Tuesday, with high-technology stocks leading the fall. The Dow Jones Industrial Average fell by 5.82 points to 1,333.45. The average share lost 25 cents in
      Reuter  -  339 words
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    • 229 10 SEP 10 UniMC WouhutDi 545 1450 i«Kh -25 INDUSTRIALS MININGS A Alpho Abarcom AE And O Amaprop 7908 167 7306 460 unch 7 unch unch 70 i*Kh unch uwh -7 AngkM Artgtvooi Bhryoon 3100 ***** 1390 7300 10 unch -10 50 AMIC Barlow* C G Smith 2630 1100 *****
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    • 512 10 El Uty 86* N L Indust II* uss 23* -ft 32* -ft 52* 50* 26* NCR Corp 34 Alcoa 35 46 21% It -ft Nnrfali 68* -ft 43% 15* -ft 55H -1* FMC Cp 65 3% Ford Motor 44* -ft 14* -ft 59% -ft 18 -ft Obi Cp
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    • 912 10 Amsterdam SEP 10 Fk A8N 503 00 -3 A«gon Ahold 97 50 -0 5 126.20 -0.1 AMEV 298 00 0 5 Amro Bank 87 30 urKh 43 20 +02 Rah 403 00 -1 Botkafei 101 70 -1 Catond Cafc* *66 00 1 Daft Mi FkM« 127SO -07 F0i
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  • Page 10 Advertisements
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    • 99 10 <! /2V v J Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet Body M Soul from the Philippines. They'll captivate you! Happy Hours: spm 7pm, SO% off all drinks (pouring brands). CRjSwn #FMNGEHOm 270 Orchard
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  • ASIAN STOCKS
    • 336 11 HONGKONG: Share prices rose yesterday on institutional buying which emerged in the last half hour of trading, after Tuesday's losses were extended in initial transactions. Brokers said the rebound was a technical adjustment, adding that sentiment remained bearish because of a trend of rising local interest rates and unfavourable
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    • 216 11 sir 11 AJ Srewt Indus MT 359 -0 07 02 Lien Hwa Indus Nan Yo Ptas Pocrfic Cons Pacific Elect Wire 1170 2360 1450 1320 -0 1 0 5 0 25 04 22 30 05 1 08 -002 43 00 0.1 1355 03 15 70 0 6 Qvo Hun
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    • 345 11 TOKYO: Trading was active for the first time in more than a week and share prices rose, driving the market average above the 12,600 level for the first time since last Tuesday, dealers said. The average rose 105.71 to 12,625.25 after rising 63.82 on Tuesday, on turnover of 400
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    • 92 11 MANILA: Share prices closed higher in quiet trading. The Commercial and Industrial Index rose 1.90 to 160.05, the mining marker 3.83 to 668.80 and oils 0.014 to 0.817. sir 11 MorVeel Oriental B PMex B 0014 -0001 0 1250 -0 005 0 001 0 OOSS 0 OOOS PI DT
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    • 342 11 SYDNEY: Share prices closed marginally lower in quiet trading as the market awaited fresh news, brokers said. Near the close, the All Ordinaries Index was down 0.8 at 955.1, the All Industrials Index was down 1.0 at 1400.1, the All Resources Index was down 0.6 at 610.8 and the
      342 words
    • 73 11 w 11 Bar* SMU Won 666 6 Hyundai Corwt Hymdai Motor KAL 896 877 429 Lnch 1 1 638 3 Korea Frtt 702 +2 701 -9 1350 3 470 -2 416 1 475 3 Lucky Lfd 622 -1 631 1 705 10 540 -5 836 6 Go4d Star 607
      73 words
    • 170 11 BANGKOK: Stock prices closed lower in sluggish trading, the Securities Exchange of Thailand said. The Book Club Index dropped 0.64 point to 134.15 and losers led gainers by more than four to three. Turnover was 151,161 shares worth 30.4 million baht. Siam Cement lost eight baht to 561, Bangkok
      170 words
    • 70 11 Reuter HONGKONG'S Wong's Industrial (Holdings) Ltd said Acorn Computer Group PLC, a British home computer firm controlled by Ing C Olivetti EC SPA, has agreed to repay debts of HK$l6.5 million by the second quarter of next year. Olivetti recently raised its stake in Acorn
      Reuter  -  70 words
    • 238 11 AFP THE JAPANESE government is considering completely privatising Japan Air Lines (JAL) and allowing a second airline to operate regular international services. The transport ministry has asked an advisory body to study a possible revision of the nation's aviation policy, which is based
      AFP  -  238 words
    • 185 11 Mazda plans to spend more on R D FT MAZDA, a Japanese automa tive group, will boost research and development spending substantially and will shorten the time taken to launch new models from five to three years. President Kenichi Yamamoto said on Tuesday that the research and development budget would
      FT  -  185 words
  • Page 11 Advertisements
    • 595 11 I -v v ••v< Z r V Sim to wiae, dine ani eaterfaia -r* L' 'r*m apwfsi -> tf Pammoant Hotel Wh*» th» happy p*opi» go ICOCKTML LOUNGE I Experience a new and refreshing concept in cocktail lounge entertainment. Experience The Gazebo. The frontispiece of Paramount Hotel, away from all
      595 words
    • 291 11 KIRIN COURT The better Cantonese Cuisine Businessmen Lunch CCA++ (for four persons) 1 Soup of the day 2 Assorted Cold Cuts Combination 3 Sweetened Water Chestnut Cream And A Choice of Any 2 of the FoMowing; Saute Chicken with Black Bean Sauce Saute Beef with Vegetable Steamed Minced Pork with
      291 words

  • BANKING AND FINANCE
    • 313 12  -  By SOH TIANG KENG, Financial Correspondent PROSPECTS (or the leasing business look bleak this year because of the slowdown in the Republic's economic activity, says the chairman of the Leasing Association of Singapore. Chairman Kwek Leng Beng has predicted a drop in business and more
      313 words
    • 320 12 AFP MEXICAN President Miguel De La Madrid has warned that Latin America's foreign debt troubles could set off a financial crisis at any time unless creditors devised new schemes to help debtors. His statements on Tuesday coincided with worries by US economists, bankers
      AFP  -  320 words
    • 171 12 Reuter THE "vast majority" of the Asian Development Bank's expanded 35 billion yen US bond offering has been sold, First Boston Corp announced. The first-ever yen bond issue in the US was increased from 25 billion yen planned initially. The
      Reuter  -  171 words
    • 368 12 Reuter SENIOR MEMBERS of Japan's ruling Liberal Democratic Party (LDP) have called for a summit meeting with Western nations on currency problems. The LDP leaders, including party vice-president Susmu Nikaido, were said to have made the proposal at a regular meeting with
      Reuter  -  368 words
    • 205 12 Reuter NOMURA SECURITIES president Setsuya Tabuchi has proposed that Japan issue dollar-denominated bonds, or so-called "Nakasone bonds", in New York to help strengthen the yen. A Nomura spokesman said Mr Tabuchi floated the idea at a meeting with Finance Minister Noboru Takeshita. But he could
      Reuter  -  205 words
    • 323 12 AFP PHILIPPINE central bank governor Jose Fernandez has confirmed that the International Monetary Fund (IMF) is unhappy with the structure of his country's coconut and sugar industries, an issue that reportedly snags crucial loans. "They are concerned about it, for this is
      AFP  -  323 words
    • 135 12 Reuter THE UK TREASURY believes that monetary conditions in the country remain tight in spite of accelerating broad money growth and sterling's recent weakness. Treasury sources said the recent fast growth of sterling M-3 did not have inflationary implications in many respects as it reflected
      Reuter  -  135 words
    • 131 12 AFP CHINA has launched its first issue on the Eurodollar market. Bankers in London said on Tuesday that the US$2OO million, five-year issue would take the form of variable interest certificates of deposit. It closely follows China's first West German issue. The bank syndicate handling
      AFP  -  131 words
    • 266 12 ABOUT HK$6O million worth of banking equipment and technology will be exhibited at the first Banque Asia '85 conference and exhibition to be held in Hongkong from Sep 25 to 27. The conference-cum-exhibi-tion, organised biennially in Singapore since 1960, will see its
      266 words
    • 105 12 Reuter THE AMERICAN economy will have to grow at a real rate of 3'4 per cent or more before interest rates are likely to rise. In remarks prepared for a speech in New York, Dr Henry Kaufman, the chief economist of Salomon Brothers Inc, said
      Reuter  -  105 words
  • MONEY AND EXCHANGES
    • 712 12 SINGAPORE The US dollar closed lower against most major currencies due mainly to profit-taking and some position adjustments, in thin late trading yesterday. However, sentiment for the dollar remained bullish but operators were largely sidelined ahead of Friday's release of several US August economic data. The dollar closed
      712 words
    • Article, Illustration
      323 12 Asian market ASIAN dollar deposit rates closed steady at opening levels yesterday, with afternoon trading quiet as lack of fresh news kept most operators at the sidelines. The market was awaiting US August economic data, including retail sales and industrial production, both due on Friday. Short-dates were steady to slightly
      323 words
    • 120 12 THE OVERNIGHT rate on the Singapore interbank money market fell by 2'« points from Tuesday to close at 4'/« per cent yesterday. The one, two and threemonth term rates rose 1/16 point each across the board. S$ Interbank rates at 3pm yesterday: OH«r B«J Ove* rwght 4 1/4
      120 words
    • 226 12 Interbank rates at 3pm yesterday: OunwclM Nominal rsliQ SiviMmoiiami Locol dollars to ma (AMIM ■id OHor e pom parity currency: US dolor 2.2950 2.2960 ***** -1861 Sterling pound 3 0110 3.0146 ***** -59 02 Australian dolor 1 5468 1 5498 ***** -54 89 NZ dolor 1.1888 1.1927 *****
      226 words
    • 322 12 BA Futures EURODOLLAR futures opened unchanged yesterday from Tuesday's level on Simex. After opening at 91.27, the December contract traded between 91.26 and 91.28. It closed at 91.26. Currency futures opened slightly lower on a firm dollar but trading was active but choppy as the US dollar fluctuated be-
      BA Futures  -  322 words
    • 221 12 HONGKONG: Prices closed higher on sporadic short-covering yesterday because of the weakening US dollar, but trading was other wise thin and featureless due to a lack of interest. The bullion price finished at U*****.10/50 an ounce against an initial $321.40/90 and was above New York's $321.90/322.40 close. On the
      221 words
  • Page 12 Advertisements
    • 168 12 NOTICE la the matter af The Cam pa ale* Aet, Cap I>s aad G. FLOER TRADING PTE LTD (la Memben' Viintary Liqaldatfea) NOTICE IS HEREBY GIVEN that a Final General Meeting of the abovenamed Company will be held at 20 Kramat Lane #03-11 United House Singapore 0922 on the 11th
      168 words

  • SHARE INFORMATION
    • 4408 13 EXCITEMENT was high among punters playing speculative stocks yesterday on the Singapore Stock Exchange as share prices in that part of the market, at least, were moving fast in good volume. Elsewhere activity was not inspiring. Index stocks made a poor showing and, at
      4,408 words
    • 256 13 SINGAPORE i Rises Indices MAA 3550 150 ST Cowpoiitt Sep 10 640 33 Sep 11 640 57 MUM HMgs 1 M Teitdes 314 MMO Ako 50« 260 AMod Owe 235 K G HMgs 198 Ambameoi 620 SH» M»o led 472 TDM 396 Kentucky Spore 342 lorioya Corpn
      256 words
    • 4291 13 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (1 066) (5) 1 07 (2) 1 07 (8) I 08SETT (1068) (I) 1 09 Alcorn (0 818 0 90S) (2) 0 82 Allied Choc (2 356 2 375) (I) 2 05 (5) 2 10 (3) 2 15 (2) 2
      4,291 words

  • COMPANY NEWS
    • 581 14 Limit of 20pc suggested for foreign brokers THE TASK FORCE set up by the authorities to look into the corporatisation of Malaysian stockbroking firms is to be asked to consider a proposal allowing commercial and merchant banks to take up a
      581 words
    • 461 14  -  By RAMESH CHANDIRAMANI ENCOURAGED by the corporate success of Malaysian businessman Lee Ming Tee in Australia, a fellow countryman, Ronald Ng Wai-Choi, has lately been stirring up the imagination of stock market investors Down Under. The Selangor-based Mr Ng has been linked to
      461 words
    • 801 14 Reuter TAKEOVER FEVER comes to London as raiders seek new targets. An unprecedented wave of takeover battles is sweeping the London Stock Exchange, with some of Britain's largest corporations coming under attack from companies only a fraction of their size. Some financial experts deplore the
      Reuter  -  801 words
    • 97 14 HONGKONG Tuesday 1401.5 Hang Seng Index Wednesday 1571.95 Week ago 1368.1 Tuesday 1546.31 NEW YORK Week ago 1578 54 Dow Jones Tuesday 1333.45 TOKYO Monday 1339.27 Tokyo Dow Jones Week ago 1329.19 Wednesday *****.25 Tuesday *****.54 Week ago ***** 47 Standard Poors Tuesday 186.90 Monday 188 25 TSE
      97 words
    • 251 14 Managers' prices MARA-Bumiputra for Sep 12 First B'putra 4 95 5 00 Singapore Unit Trust Second B'putra Thwd B'putra 4 56 4 61 374 379 The Commerce 1.67 1 77 Fourth B'putra 4 10 4 15 The Savings Fund 1 34 1 42 Fifth B'putra 271 276 S'pore
      251 words
    • 238 14 THE KUALA LUMPUR stock market once again put up an impressive performance with share prices closing moderately to sharply higher. Many counters, particularly lower-liners, posted double-digit gains on renewed support but some ended on minus territory due to profit-taking. The market opened steadier on spillover
      238 words
    • 3455 14 INDUSTRIALS A Choc (2 528 2 565) (1) 2 26 (3) 2 34 (I) 235 (4) 2 38 (1) 2 36 (8) 2 40 (2) 2 42 (20) 2 50 (I) 2 53 (4) 2 55 (2)2 58(1)2 48(3)2 61 (4) 2 60 (4) 2
      3,455 words
    • 507 15  -  By RAMESH CHANDIRAMANI ESSO MALAYSIA Bhd has unveiled a particularly disappointing set of half-year results, its poorest performance since the oil-shock years of 1979 and 1980. For the first six months to June 30, 1985, the petroleum refining company recorded af-ter-tax profits
      507 words
    • 451 15 ONE-TIME high-flyer Promet Bhd has fallen on hard times. The marine, property and construction group's latest interim results released yesterday show a sharp 66 per cent plunge in group pre-tax profits to M 514.46 million. If not for its hefty share of profits of associated
      451 words
    • 659 15  -  Politiek resigning for personal reasons By NAJEEB JARHOM TAKEOVER target Van der Horst is to lose its most senior manager long-time group managing director Peter Politiek. Mr Politiek relinquishes his duties at the end of this month but the Dutchman will stay on
      659 words
    • 246 15 ANA HOTELS Singapore Ltd, the owner of Century Park Sheraton in Nassim Hill, has obtained a revolving credit facility of $38 million for refinancing old loans and upgrading its hotel facilities. Under a revolving credit facility agreement, the borrower can draw down the maximum amount
      246 words
    • 1018 15 Reuter SHARE PRICES yesterday closed above the lows as bargain hunters entered the market after the morning's declines on profit-taking and disappointment with interim figures from BAT. At 1430 GMT, the FTSE 100 Index was down nine points at 1302.4, after a low of 1295.3 at 1123 GMT.
      Reuter  -  1,018 words
    • 178 15 US-BASED Kentucky Fried Chicken is hoping to become the first Western fast food chain operating in China next year. A Kentucky Fried Chicken (KFC) sister company in Hongkong said KFC representatives had been holding talks since last February in China
      178 words
    • 340 15 MALAYAWATA STEEL Bhd is drowning in a sea of red ink because of high finance costs and stiff competition. Group loss after tax for the year ended Mar. 31, 1985 tripled to M 537.39 million from the previous year's $11.32 million, its second straight year of
      340 words
    • 410 15  -  By HOMER CHEN PARALLEL IMPORTS and the downturn in the economy have led Bousteadco Singapore Ltd to incur group bottom-line losses of $589,000 for the six months ended June 30 compared with an attributable profit of $738,000 in the same period a year ago.
      410 words
  • Page 14 Advertisements
    • 203 14 BOUSTEAOCO SINGAPORE LTD INTERIM STATEMENT —1985 Profit/(loss) attributable to shareholders (589) 738 62 295 (79 0) After charging: Interest on borrowings Depreciation amortisation EarningsZ(loss) per ordinary share (cents) (2.68) 153 1. Directors'statement In the opinion of the Directors, the results of the Company's and of the Group's operations during the
      203 words
    • 229 14 NOTICES THE COMPANIES ACT, CHAPTER 185 APOLLO DEPARTMENTAL STORE PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 6th day of September, 1985 the following special resolution was duly passed: "That Departmental Store Pte Ltd be wound up voluntarily and that Mdm Goh
      229 words

  • Page 15 Advertisements
    • 301 15 NOTICES IN THE MATTES OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF ANTWERP DIAMOND COMPANY (SINGAPORE) PRIVATE LIMITED (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of ANTWERP DIAMOND COMPANY (SINGAPORE) PRIVATE LIMITED duly convened and held at 20, McCallum Street, #06-06 Asia Chambers,
      301 words
    • 265 15 THE AS! AS HALL STREET JIH KNM. What's News ft-.** *t». ~4f > WnHUu I .7 Nr';'T; '.',t,' r Succcssful executives who want to tret ahead in business, start by keeping «U> with The Asian Wall Street Journal. With your own subscription to I he Asian Journal, you II gel
      265 words

  • 255 16 Reuter THE VICE-CHAIRMAN of the Federal Reserve Board, Preston Martin, said the economic outlook was fairly good but warned of risks which the Fed must watch and respond to. "While the overall outlook is fairly good, there are a number of risks that could
    Reuter  -  255 words
  • 570 16  -  By LUCY NG THE PRIVATE SECTOR is being given a chance to break into the $40-million-a-year business of collecting domestic refuse. In a pilot project agreed with the Ministry of the Environment, two private companies, Hygienic Services (S) and Colex (S), are to collect and
    570 words
  • 75 16 FORMER US President Richard Nixon arrived in Singapore from Hongkong yesterday on a private visit. He met the Prime Minister, Mr Lee Kuan Yew, in the afternoon. Mr Nixon is accompanied by the former US Treasury Secretary and Governor of Texas, John B Connally, and his
    75 words
  • 116 16 AP A CHEMICAL that has been used for 12 years in tobacco given away by Emperor Hirohito on out-of-town trips will no longer be blended into the imperial gift because of public concern. The Japan Tobacco Co halted the use of diethylene glycol
    AP  -  116 words
  • 160 16 Reuter PETRONAS, MALAYSIA'S national oil company, has cut the prices of its five grades of crude oil by between 50 and 75 US cents retroactive to July 1. A Petronas spokesman said yesterday that Tapis is now U5527.90 a barrel from $28.65; Miri to
    Reuter  -  160 words
  • 176 16 AP, AFP MALAYSIA chalked up a MJ2.7 billion trade surplus in the first five months of this year, an increase of 51.6 per cent over the same period last year. The Statistics Department reported yesterday that exports increased by 8 per cent to $16.15 billion
    AP,; AFP  -  176 words
  • 66 16 INDONESIA, Thailand and the Philippines have been urged to have special restricted passports for their nationals for brief visits to other Asean countries. Such a move would boost tourism in the region and Malaysia. Kedah Menteri Besar Datuk Paduka Haji Osman Aroff said when opening a
    66 words
  • 376 16 AFP, Reuter NOBEL PEACE LAUREATE Bishop Desmond Tutu said yesterday that he would call a oneweek nationwide strike by South African blacks unless the government met within days to discuss ways to normalise the situation in the country. Bishop Tutu told a conference
    AFP,; Reuter  -  376 words
  • 105 16 Reuter COMEX GOLD FUTURES were under selling pressure in early morning trading yesterday, following rumours in the oil market that Saudi Arabian Oil Minister Sheikh Yamani was dead. However, the rumours were not confirmed. In moderate trading, gold for December delivery reached a low of U*****.60
    Reuter  -  105 words
  • 68 16 Reuter THE NEW YORK stock market staged a broad retreat in early trading yesterday, continuing the slide of the previous session. The Dow Jones Industrial Average was off six points to 1327 while declines led advances by a two-one margin on turnover of 10.42 million shares. Northern
    Reuter  -  68 words
  • LATE FILE
    • 47 16 AFP SOUTH KOREAN lawyers are urging Supreme Court Chief Justice Yoo Tae-Hung to resign after two judges were sanctioned when they acquitted anti-government demonstrators. The South Korean Bar Association said the resignation was to "restore the country's judiciary independence". AFP
      AFP  -  47 words
    • 51 16 Reuter NEW ZEALANDERS support strongly a government ban on visiting nucleararmed warships but favour continuing membership of the Anzus defence alliance. An opinion poll said that 59 per cent of respondents opposed port visits by nucleararmed warships while 71 per cent supported the county's membership of
      Reuter  -  51 words
    • 46 16 Reuter JAPAN'S Finance Ministry has reinforced its wish to curtail capital outflows from Japan to help strengthen the yen against the dollar. Sources said the Finance Ministry reminded Japanese banks that they took foreign exchange risks when investing in foreign bonds.
      Reuter  -  46 words
    • 56 16 AP INDONESIA faces difficulties in selling its rice abroad because of a weak world market, Bustanil Arifin, head of the National Logistics Bureau, said yesterday. With rice currently selling for US$l5O a tonne on the world market, Indonesia would stand to lose $5 for every
      AP  -  56 words
    • 40 16 UPI PRESIDENT SUHARTO and 1 his wife will leave tomorrow on a state trip to Turkey, Rumania and Hungary. The trip is a return visit aimed at enhancing friendly relations and cooperation with these countries UPI
      UPI  -  40 words
  • Page 16 Advertisements
    • 314 16 W°M You won't believe it until you read it! I Larry Allen He'll entertain with his wild jokes, naughty limericks, good natured teasing and his unlimited repertoire at the piano. Tndy great entertainment 6.30 11.00 pm. Diners Special Discount for dinner parties of 10 or more. Try our set menu
      314 words
    • 106 16 UK oppoaas EEC actions against Pretoria, Paga 5 Itfs here already and it wasn't despatched until six p. m. last night? Man, that's astonishing!' Our couriers are more than tall, dark and handsome they're fast. TNT Skypak. The fastest, safest possible way for urgent consignments to reach your clients anywhere
      106 words
  • Page 16 Miscellaneous
    • 57 16 Outlook for today: Showers in several areas in the late morning and early evening. Report for 24 hours prior to 7 30pm on Sep 11 at the airport: Maximum temperature 32.2 Associated humidity 66 Minimum temperature 23.3 Associated humidity 96 Hours of sunshine 8.40 Rainfall in millimetres 0.9 Rainfall this
      57 words

  • SHIPPING TIMES
    • 86 17 Reuter A NEW JOINT venture consisting of Lloyd's Register of Shipping, Lloyd's of London Press Ltd and United Newspapers PLC said it acquired a majority interest in the Maritime Data Network Ltd. It said Maritime Data is a supplier of shipping information to the international
      Reuter  -  86 words
    • 356 17  -  By LINDA CHEE A HONGKONG-BASED carrier is starting a common feeder service to the Indian sub-conti-nent to take advantage of increasing freight volumes since early this year. The newly-registered Sinbad Lines is using one multipurpose vessel for its 20-day service between Singapore and Colombo,
      356 words
    • 189 17 Reuter THE SWEDISH offshore group Consafe, the world's largest supplier of service and accommodation platforms to the oil industry, filed for bankruptcy on Tuesday. It took the decision after its main creditor, the state-owned shipbuilder Svenska Varv, refused to change the terms on which it would
      Reuter  -  189 words
    • 90 17 FOR INFORMATION on vessels that are in port, the Port of Singapore Authority has introduced two new direct telephone numbers with effect from Sept 15. These are *****44 and *****45. The details available are vessel particulars, last-known agents, ETA (estimated time of arriv- al),
      90 words
    • 171 17 A LONG-TERM plan that could shape the future of Japan's ports into the next century has been put forward by the country's Ministry of Transport. The document which was still being discussed with individual port authorities, calls for a radical rethink of the role of ports
      171 words
    • PORTSIDES
      • 66 17 Reuter OVERSEAS SHIPBUILDING orders placed with South Korean shipyards fell to 636,200 gross tons in the first eight months of this year from 1,598,000 in the same period of 1984, officials of the Korea Shipowners Association said. The value of orders fell to US$433 million from $933
        Reuter  -  66 words
      • 124 17 AFP BARRAGES OF barges across the River Seine could hold up a European "Ariane" space rocket launch in Guyana, space sources said. The barrages have been set up by barge operators to protest at a sharp loss of business to rail and road transport. But some
        AFP  -  124 words
    • 518 18 A QUESTION mark hangs over the development of Hongkong's container port. Last year, buoyed by record cargo shipments and growth statistics which suggested Hongkong was about to take over from New York as the world's second largest container port, terminal operators were all enthusiastic for
      518 words
    • 934 18 ARGENTINA Aug 27 Buenos Aires No delays. 37 vessels berthed. Rosario 7 vessels berthed, 2 anchored awaiting. San Lorenzo 1-2 days. 2 vessels berthed, 1 anchored awaiting. San Nicolas 10-14 days. 2 vessels berthed, 3 anchored awaiting. Bahia Blanca 7 days. 7 vessels berthed, 2 anchored awaiting. AUSTRALIA
      934 words
    • 693 18 AB Shpg V 5 Afea Line VI 3 APC Line V 4 APL IN 2/3 Anro Service IV 3/4 ANL I 1 ASCL IN 1 Bait-Canada Line VI 4/5 Balt-Onent Lme VI 4/5 Bank Lme V 5 B8S 1 4/5 Ben Line Cont V 3 Ben Oceon
      693 words
    • 1424 18 TWO more bookings on Tuesday for Panamax size cargoes on the key US Gulf to Japan grain trade at U5510.75 apiece revealed no further improvement on yesterday's 25 cent gain on this route, dry cargo brokers said. But there was background market talk that 111 may have been
      1,424 words
    • 208 19 :iN STEP WITH the growing trade •to and from the hinterland of Vancouver, San Francisco and Los Angeles, the Belgian shipping company CMB is to inaugurate a new regular service between those ports and Europe, according to Fairplay. The line will be operated in
      208 words
    • 439 19 Reuters A SPOKESMAN for the All-Japan Seamen's Union said it will urge Mitsuhide Miyata, appointed by the Tokyo District Court to preserve Sanko Steamship's assets pending a decision on the firm's future, not to rehabilitate the shipping line at the expense of the
      Reuters  -  439 words
    • 359 19  -  By Kingsley Wood THE AUSTRALIAN National Line-New Zealand Shipping Corporation joint Tranztas service is to extend its run from the Australian east coast to Fremantle to give West Australian shippers their first direct sea link to New Zealand. ANL's 8,500 dwt
      359 words
    • 218 19 Sept 10-14 Kormarine 85 is the fifth in the series of Kormarine Exhibitions. It will be held, as last year, at the Woo-Am container terminal near Busan. Further details from Aideen Barret, Industrial and Trade Fairs International Ltd, Radcliffe House, Blenheim Court, Solihull, West Midlands. S«pt 15-19 74th
      218 words
    • 190 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.
      190 words
    • 99 19 A SWEDISH company aims to develop a complete mobile shipyard, thereby eliminating the need for vessels to move to established centres for repair. Mr Leif Ka Her da hi, of the Gothenburg-based Granges Metalock, said the mobile concept had been developed over the last 10 years to a
      99 words
    • 5980 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.
      5,980 words
    • 616 25 Ship RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Voy date/time Operator cargo schedule Location L Srimani Anna Maersk Monte Ruby Tanah Air L Athula B Raya Prasetia Renee Delmas Nuptse F'furt Exp L Ajitha Lampung NZ Star B Teratai E Onward
      616 words
    • 1636 25 The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises Pte Ltd Some (S) AB Shipping Bousteod Shpg Agencies Afeo Line Afrtcon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceonus ShtppmgAgencies (S) Muhiport Sdn Bhd (PK) Americon
      1,636 words
    • 572 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Frotodurbon K33 Merfcon alongside 12 9 85/1100 Hong Hwo K31 Lian Huat alongside 12.9.85/0600 Mokmur K24E SSPL alongside 12.9.85/1830 N Amersfoort KI2 Ned-EAC alongside 12 9 85/0600 Rajah Brooke K25 SSPL alongside 12.9.85/2300 Shoun Galaxy K30 Aru
      572 words
  • Page 17 Advertisements
    • 742 17 Monthly from Pitman A variable at all good bookshops and newsagents Tjlß Times 111 IftJ Distributors Menus mrr? MOM SNTPMC MOCKS (In- 2UK4/MO 70 SlhMm Wit #0443 Manm Home S*a*art 0707 Tct *****11 Tttn NO RS ***** CfS OFfd TfC #034 M W *****31 7770(33 Termed OtHce TfC #***** W
      742 words
    • 63 17 rcBBDB A QUESTION mark hangs over the development of Hongkong's container port. Page II A SPOKESMAN for the All-Japan Seamen's Union said it will urge Mitsuhide Miyata, appointed by the Tokyo District Court to preserve Sanko Steamship's assets. Page 111 Index to advertisers II Weather map VIII London freight II
      63 words
    • 1245 17 A hard look at what it will take to succeed in business for the next 20 years With turbulent i times ahead. forewarned will be forearmed $22.00. MAERSK LINE KEEP YOUB APPLES FBESH tacoma TO: Singapore 19 days C m error tdaucit PORT KELANG 22 DAYS FASTEST THAN SIT PENANG
      1,245 words

  • Page 18 Advertisements
    • 415 18 Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES Atlantic/Canada raadar at Koba MMMr ¥SL N TOM Ml SDMI KBO M 27/10 25/10 29/10 TASHMA M J/11 1/11 5/11 TOCO 7/11 9/11 N OSEY II K/U 11/11 22/11 USA/CANADA Pacific South Wast Pacific North Waat Faadar at Tokyo MottWf VSL U/IB OM yamasmn
      415 words
    • 288 18 Supercarrier Service Saied 114/9 24/1 24/9 I 4/11 1 14/10 NEXT ARRIVALS N ROTTERDAM ?6 9 BARBER TEXAS »/9. N ROUEN 16/10. BARBER PERSEUS 16/10 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA Ah* accepto* contrj tar How tan (MLB). S Francisco. Oakland. Stockton and San fcejo «n I
      288 words

  • Page 19 Advertisements
    • 784 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd QC!L Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok I CONT MNERSHW SERVICE TO U* CONTINENT FRANKFURT EXPRESS CARDIGAN BAY CONTAfOSHP SERVICE TO r.ti IJBIUiIHAi 1.11 pMPHiHa CONTAINERSUP SERVICE FROM UK/CONTINENT P Kelang S pore 12/9
      784 words
    • 808 19 Franco Belgian Services F+r Ka*. F*r*+ 4 sirrv< i».v» h Bt r -wn Far Katirr* L »n*j> (MEMBER Of ACE CONSORTIUM* ran cohtmp soma to emcte ggi comqwar gwg from euro* STORE PKEIMKIt Hvwl teo f Stone Ham A«l IOREAN MS m It Sep (It Sep) 7 Oct I Oct
      808 words

  • Page 20 Advertisements
    • 451 20 1 Hapag-Lloyd TO CONTINENT/UK EXPORTS I TO EUROPE/MED FROM N. CONTINENT &UK IMPORTS Liverpool Bjy Benavon Lor j iKOnu Beach Oakland Seattle Feeder 11/1 15/1 F'«*lw N Coral 11/1 15/» Alster Eipress 14/1 Innovator 11/ Eiptarer IS/8 22/1 Weser Eipress 21/8 Cardigan Bay Cardan Bar k Sin {a port Bookmj
      451 words
    • 548 20 M S LINE lOMf* FULLY CONT AINERIS ED SERVICE TO [I*Oft Vl* SUEZ 01 CwnotM* S pore PKetan| lleHawe R dam fitoof H bw| Antwerp KORI »N lACEIIN 30* NIPTUM CRYSTAL 31* KOREAN CHANCE ?3* SI*EN SIAS BR CGI S7W 18 9 <16 9) 75 9 173 9l 7 10
      548 words
    • 590 20 Hai Sun Hup Co (Pte) I A**-' TEL *****06 (20 Lines) TL* R*****1 Ltd A R*****2 L i:\sTi iis twit i.im:u. i.td. Specialist in RO/RO Service Accepting heavy-lifts upto 80 K/Tons Sailings from Japan Ifeuri K'KMu 11 Sept 19 Sept dJkiu* It Sept) U LNR MO 1 *73 ki P»t
      590 words
    • 950 20 o EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) SCf HKG KSG EVER GOMG 17/® 21/9 22/5 24/9 27/9 29/9 M/ 9 (Kill GATHER 2V9 29/9 10/9 2/10 5/10 7/10 1/10 f«R GUH 1/10 7/10 1/10 10/10 11/10 15/10 It/10 (VCR GOVERN 11/10 15/10 10/10 11/10 21/10 21/10 24/10
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  • Page 21 Advertisements
    • 935 21 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 VESSEL KOTA JAVA KOTA MUTIARA KOTA SINGA KOTA MEGAH KOTA WIRAWAN KOTA WANGSA VOYAGE E-561 E-567 CP/33/85 E-565 E-563 E-569 HONGKONG SINGAPORE LOADING FOR: It-19/9 23-26/9 BERBERA. HOOEIOAH. JEOOAH, PTSUOAN, AOABA. MOMBASA. O SALAM 15-16/9 20-24/9 MAJUNGA.
      935 words
    • 784 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSMPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS IKJJEBSEN LINE NEW ZEALAND TO NEW ZEALAND, PAPUA NEW GUINEA AM) SOUTH PACIFIC KAMAKUBA MAMJ'I TAUBANGA IS "I Mk« 14 9 In 9 KBSEN SQUTHLAM) IS
      784 words
    • 530 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF FAR EAST TO/FROM S PORE CONTAINER SERVICE BUSAN TOKOHMM KOH MOHSJUNG HP I SPMf HMMNT HB 11 9 119 16 9 JJT am mm 239 9 ?i 9 210 Viol YlO S PORE TO JAKARTA/SURABAYA CONTAINFR SFRWiPF SERVICE TO I MIIAPAHM V 74 MB 21
      530 words
    • 665 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loadfcf for Ranfoon Spore PKeiang Penang Myomaywa VB9W 14/16 Sept Lashw V49W U/20 Sept (Malacca) Phashwefyawywa V2SSW 20/22 Sept Mawtamyainc V2BN 29/30 Sept 13/11 Sept Htoneywa V2OS 25/27 Sept 22/24 Sept BANK LINE EXPRESS SEIi-CONTAINER SERVICE TO UK/CQWT SPORE R'DAM HULL
      665 words

  • Page 22 Advertisements
    • 990 22 A JV LINE —KAWASAKI KISEN KAISHA, LTD. ECUADOR/PERU/CHILE FEtOCR ttl '.ASIA SIM MO MOTHER VSI VSI STOW WIG PNG STOW KOBE GUAYAQUR.CAIIAO ARICA KW* AfAGASTA S ANTONW VALPARAISO IS Sep 20 Sep 22 Sep 24 S«p 10 Otl 25 No. 2D« «0* 7 0(1 1 11 0,1 13 ott CENTRAL
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    • 591 22 J CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE I oadmg tor tos ANGf 11S SAN FRANCISCO SEATTIE TACOMA VANCOUVfR BC Accepting FCI FCI Containers P Kelang jr,gapoif I Anfdn BHARATEWO' 20/21 Sept 1( Oct AUSTRALIA EXPRESS CONTAINER SERVICE JAPAN SERVICE loadmf lor Kate Yokohama Nafoya Osaka Mop Also cab lan
      591 words
    • 515 22 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD Kajnf Tunc Pre««tiat Bn* BuMnf M C*ci Sheet SMGtfOM 0104 TU 221J7* (10 IMS) Tct KuaU I jmpu (0211 P KHmf 317*1 Ptnanf 3654U Pjm Gufljnt *|«nt OMNT UOTD (M) SON BH) Ttl ***** STRAITS/PERSIAN GULF SERVICE: Spcxe PMangPenanj GOLDEN NONXR Cotanbo Ka«aihi
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    • 504 22 INTRASEA (PTE) LTD 10 Anson Road "27 16 Internationa' Plaza Singapore 0207 Tel *****1 1 1 1 O L.nes) VOMSXAUn o BREAKBULK SERVICE TO EUROPE/UK P.T PERUSAHAAN PELAYARAN x KALIMANTAN DIRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK Ml ETA/ETD DESTMATION GA XXI Voy 13/S5 14/15 Sep lakarta/Crebon GA XXI Voy 19/85
      504 words

  • Page 23 Advertisements
    • 766 23 NOL NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): K JACEJM 30WT N CRYSTAL 31* K CHANCE 23* S S BRDGE 52* C PAUL 46* Also accepting cargo to/from Scandinavia K JACEJIN S pore Closing Times: FCL Cargo 0400 18/9 LCL Cargo 1200 17/9 Where PK dates indicated in brackets,
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    • 544 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN, INCHON Gmtfil Sw«*t MG* 121 m 14/t/K Irwt MO* In ITW M V "N* Dmm V SO? S/M N» PI(INJ 101 N< lIS Pit I ID Ift ?/899 /?/BVI4 i Bookings) ???/■> 10 ??1?0?7 Opff jlions i
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    • 729 23 SINSOV SINGAPORE SOVET SHIPPING CO PRIVATE LTD SINSOV BULDM6 55. Market Street Sinfapore 0104 Telephone Umbers *****3 (15 Lines) Cable Address SMSOV SINGAPORE Telei Numbers RS ***** RS ***** RS ***** P KELANG POMNG !i s ITS SEE S SSt'S^ T 12?^ floor »«srshiu thong smc 23 «*< q«, JAYAPOH
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  • Page 24 Advertisements
    • 695 24 ->• lte<|i<Mtal Container Lines 4 Sai,in 9 B week, y Fast Reliable Regular 1 y •Punctual Berthing P S A. Mon, Tue, Thur. Sat HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINER SPtIIAiISID HI aw 1 If If RS AjAIIABIf SUPER SPMT Stare 12/15 Sept Loadnc for Sabiah, Gizan Aqaba,
      695 words
  • Page 24 Miscellaneous
    • 169 24 Regional Weather ft W A w. M 2 SI 4? 1 c I) S2 5 «ft%f *-<1 *K SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. cT* Wind direction with speed m knots Wove height LEGEND Thunderstorm Tef direction with speed in knots v Shower Ro,n Wave height
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  • Page 25 Advertisements
    • 134 25 m MBC AGENCES K. LUMPUR P. KELANG PENANG P. GUDANG J. BAHARU LEOSHP *****8/*****6/*****8/*****3 *****1/4 TERMKAL *****1/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 *****8/*****5/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE 7T178 m mv Bruimrr [3X3IE2DH EHI3ZZK KO E3M EE® ESM E2M Ell KZIB El HX3IIEI El EZZ3* El EZE* ii r^r^rrr^rTJnrr7Ti^MF^TiPIMCIIM[IIIMgIMIXZMIEIIIk3MLIIJ rmmi i j I
      134 words
    • 63 25 WORLD LINE pB LIN LIN SHIPPING PTE. LTD. 1. Magatln* Road. *05-M Central BuNdtng. Singapore 0105 T»t 533M14 53M922 WEEKLY SERVICE SINGAPORE TO KUCHING-SIBU-SARIKEI ETA ETD DESTINATION Lin Petalmg II 15 9 85 16.9.85 KUCHING 23 9 85 24 9 85 KUCHING Lin Petalmg 18 9 85 19 9 85
      63 words
    • 243 25 LICORNE ..—GENERAL AGENTS SEALION SHPPMG (S) PTE LTD. SMGAPORE SALES/BOOK MGS TEL 2205W1 (I LJPB Scan Dutch V To Europe (Med/UK/NC/Scan) B Butang In Port B Butane 19/9 B Butanj 26/9 B Butang 3/10 B Butang 10/10 B Butang 17/10 B Butang 13/9 B Butang 20/9 6 Butang 27/9 8
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  • Page 26 Advertisements
    • 311 26 MOL MitsuiO.S.K.Lines. Ltd CONVENTIONAL/SEMI-CONTAINER AFRICA'S P°v EAST AFRICA ALTAI MARU 1 AFRICA MARU 2 WEST AFRICA MT POWELL 1 17 Sep Mombasa. Daressalaam 27 Sep Port Louis. Reunion 18 Sep P. Noire. Abidjan. Buchanan. Monrovia. Tema, Lome HAYAKAWA MARU 28 Sep Durban, P. Eliz, Capetown S.A. VAAL 12 Oct Durban.
      311 words