The Business Times, 22 July 1986
1986-07-22
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26
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The Business Times
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Title Section12 1986-07-22 1 BUSINESS TIMES M.C. (P) No. 192/12/85 TUESDAY, JULY 22, IMS 75 CENTS12 words
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177 1986-07-22 1 Opecna SAUDI ARABIA has reaffirmed its commitment to Opec and denied allegations that it is planning to pull out of the group. A spokesman in Riyadh said the kingdom believed an Opec accord on output quotas would be in the members' best interests.Opecna - 177 words
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Article, Illustration518 1986-07-22 1 LORETTA McLAUGHLAN - Group has till July 25 to submit acceptable financial plan By LORETTA McLAUGHLAN HONG FOK CORPORATION, the debt-laden property group whose subsidiary has defaulted on a syndicated loan, says it is in the process of negotiating with the syndicate to reschedule518 words
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552 1986-07-22 1 CONFLICTING SIGNALS indicate growing maturity of the Singapore economy, says Singapore Business which has published a comprehensive review of Singapore's key economic sectors. The July/August issue of the monthly magazine says investors may never again find clear signals to indicate which way the552 words
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205 1986-07-22 1 THE REMOULDING of the local securities industry, in the wake of the Pan-Electric crisis, will still include a place for remisiers, says Singapore Business hi its latest issue. Recent action taken by the Stock Exchange and the regulators to help ease their plight205 words
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Article, Illustration206 1986-07-22 1 MMW THE LACK of fresh buying orders and investor uncertainty surrounding the Malaysian general elections, caused share prices to (all over a broad front in quiet trading yesterday. The Business Times Composite Index fell 6.94 points to 618.65, and the Straits Times Industrial Index was 9.44206 words
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437 1986-07-22 1 DIRECTORS from 43 companies were summoned to court yesterday for submitting "stale" accounts more than a year old at their companies' annual general meetings. The 87 men and women from the various companies were the first to be summoned to court437 words
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464 1986-07-22 1 BRIAN GOMEZ - By BRIAN GOMEZ THE FORTHCOMING Malaysian election is already signalling maverick trends even before politicians hit the campaign trail. For the first time, a key opposition party is attempting to win a High Court injunction to stop nominations this Thursday and polling on August464 words
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Page 1 Advertisements
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Advertisement30 1986-07-22 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM CASUAL-CHIC It says so much for you. Very distinctive. Very stylish. For those who know high fashion and choose it. MADE IN ITALY vAum30 words
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Advertisement226 1986-07-22 1 SHAM MFORMATION MONEY EXCHANGES RAW MATERIALS LETTER CROSSWORDS TV S RADIO OW OUR VIEW BOTH Jopon and West Germany have ruled out the stimulation of their economies to help suck in more imports to redress their trade surpluses with the United States. That means the world has to count on226 words
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Advertisement153 1986-07-22 1 ^++%!-({~]_?@.\${==}[);,{];/|>$ 'Anything to declare. 7,1 A preference for KIM" ns n An airline's reputation depends on the quality of its services. Both on the ground and in the air. That is why KLM's friendly, helpful and efficient staff goes out of their way to make your flight as pleasant as153 words
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Advertisement72 1986-07-22 1 ikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Thread of hope over bill LAST YEAR, the protectionist Textile ond Trade Enforcement Act, more commonly known as the Jenkins Bill, came within on hoar of becoming low because President Reogan only signed the veto statement at the last minute. Next month, Congress will72 words
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HOME NEWS
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500 1986-07-22 2 GOH YEE LING - Project will help to trace Singapore's maritime history By GOH YEE LING THERE ARE PLANS to retrieve sunken treasure from the ancient Temasek period in Singapore waters. Hie Ministry of Community Development needs an initial capital of 111,000 to plunge into this project,500 words
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Article, Illustration284 1986-07-22 2 LAM WEI TWO has been appointed design systems groups (DSG) market development manager at Hewlett-Packard. The company has also appointed Dr TOB SHU BENG as regional CAD/CAM application specialist, supporting ME design systems. Mr Lam will work closely with the DSG Asia/Pacific marketing centre and the Singapore284 words
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431 1986-07-22 2 ANNA TEO - By ANNA TEO A THREE-IN-ONE event for the chemical and related industries, incorporating two major shows ChemAsia and Instrument sia will be staged next year. AnaLahAsia, a new show featuring analytical instruments used in food, medical and other biochemical laboratories, will Join ChemAsia431 words
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Article, Illustration319 1986-07-22 2 CHUANG PECK MING - By CHUANG PECK MING A YEARLY ARTS FESTIVAL has been ruled out for the time being by the Acting Minister for Community Development, Mr Wong Kan Seng, because of the lack of firm and continual support from sponsors. Responding to suggestions of an319 words
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494 1986-07-22 2 ROOTS that will be the emphasis at the Singapore Garden Festival, the $42 million international event scheduled for August and September 1988. Flowers and landscapes will also be important elements but the recently appointed consultants for the festival want to capitalise on494 words
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Article172 1986-07-22 2 A BT REPORT on July 19, headlined "These three are millionaires", erroneously stated that Singapore Airlines (SIA) deputy chairman Lim Chin Beng owned 50,600 fully-paid shares and held options over 106,000 shares on April 1, 1965. Mr Lim in fact owned 51,700 fully-paid shares and held options172 words
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Article60 1986-07-22 2 MALAYSIAN ARMY chief General Dato Seri Mohamed Hashim Bin Mohd Ali arrived yesterday on a four-day official visit. He will meet senior Singapore Armed Forces officers, and tour SAF units. General Dato Seri Mohamed Hashim was met by Major-General Winston Choo, SAF Chief of the General60 words
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Article225 1986-07-22 2 Esso, Shell and Singapore Refining Company BRITAIN'S largest oil company British Petroleum has set up another representative office la Singapore, but it is unrelated to the oO industry. Scicon International Group, according to BP, is one of the world's largest systems, consultancy and service organisations inEsso,; Shell and Singapore Refining Company - 225 words
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267 1986-07-22 3 GIVING TIPS on making a pitch at the Japanese market this time in the food sector will be three food experts who will be meeting eight local manufacturers this week. Here at the invitation of the Japan External Trade Organisation's Asean co-operation267 words
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Article289 1986-07-22 3 Seminars and courses DURATION TITLE VENUE ORGANISER TELEPHONE Aug 14-15 Financial Futures ond Hotel Equatorial AMA Management *****22 Options Consultants *****66 Aug 15 Sales Management by Sheraton Towers Heinz Goldmann Objectives Sales Centre *****22 Aug 18-19 Time Manager Seminar Century Park Advanced Sheraton Training Techniques (S) Pte Ltd Aug289 words
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117 1986-07-22 3 A ONE-DAY seminar on "Preparing for Retirement" will be held on Thursday by the NTUC Welfare and Community Services Secretariat. Topics to be discussed at the seminar will include the impact on individuals before and after retirement and decision making by Dr Rilly Ray,117 words
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495 1986-07-22 3 LOH HUI YIN - By LOH HUI YIN AN INCENTIVE to encourage third shift work has been ottered by the Public Utilities Board in the form of cheaper electricity tariffs between 11pm and 7am. The more attractive rates to be given to high tension industrial and495 words
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396 1986-07-22 3 BOEY KIT YIN - By BOEY KIT YIN THE GOVERNMENT, which used to "recommend" that ministries and departments use one advertising agency, has enlarged the pool to 16 agencies. A recent circular stated that ministries and departments, which spent a total of $1 million in396 words
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380 1986-07-22 3 AS PART of its extensive computerisation programme, the government has directed all ministries, departments and statutory boards to install facsimile machines for documents' to be sent faster and cheaper. The latest move in the civil service has benefited a Japanese company, Panasonic. This arm380 words
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Article, Illustration353 1986-07-22 3 "IF I had to do it all over again, I would ask to serve Telecoms," the ha met chairman of the statutory body told JfeDolnhtstare-. well interview. According to the Telecoms newsletter, Mr Frank Yung, whs spent about one sad-a-half decades with the lelerommimtrstion authority,353 words
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Page 2 Advertisements
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Advertisement77 1986-07-22 2 WORLDWIDE COURIER Changing the way the world does business. NAQA. MAN Vi"T Where East meets West. For the very best in Japanese and Continental dining where else but the Shangri-La. Nadaman Teppanyaki lunch from $15* daily. Restaurant Latour New lunch menu at $28* daily. ■VV RESTAURANT Latour Subject to 10%77 words
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Advertisement63 1986-07-22 2 FOR SALE $1 MILLION Land area: 36,0005q.m. Building area: 15,0005q.m. Height of building: 9.144 m Breezy all day 1. Canteen, Sanitary facilities/water electricity supply, sprinkle system. 2. 4 Unit of 2.2KU 1,000 K.VJL Transformers, suitable for all types of industry except food. 3.1.8 km to Jurong Port off Jalan Ahmad63 words
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Page 3 Advertisements
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Advertisement10 1986-07-22 3 a--^! *****88 j: MB "=S I < f /i LV> r10 words
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Advertisement117 1986-07-22 3 4 A I x a Korean Air wide-bodied jet takes off from Singapore bound for Seoul. It departs every Wednesday and Saturday morning at 9:35. So you arrive in Seoul in the afternoon. And once you're in there, who knows what treasures, and bargains you might find? From world-famous Korean117 words
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ASIA-PACIFIC
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518 1986-07-22 4 NYT AS THE YEN inches closer toward the 150-to-the-dollar level, economists and business leaders are being forced to contemplate the effects of an exchange rate that only months ago was all but unthinkable in Japan. Last week, the yen set new record levejp ofNYT - 518 words
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302 1986-07-22 4 UPI NEW ZEALAND Prime Minister David Lange yesterday said he would not interfere in a New Zealand court decision which has upset the transfer of two jailed French agents to a French-controlled island. In a decision by the Auckland district court yesterday,UPI - 302 words
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Article, Illustration424 1986-07-22 4 Reuter CHINA'S leaders are calling for political reform and the separation of the government and the Communist Party, but Western diplomats and Chinese sources say the ruling party will stay as powerful as ever. In the past two weeks, the official press hasReuter - 424 words
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Article103 1986-07-22 4 AFP GUANGZHOU officials have established a "business chib" to help Chinese exporters sell more abroad, a Guangzhou newspaper has said. Chinese and joint-venture firms in the southern city which export more than USH million a year and do more than US$5 million in total hntiiw areAFP - 103 words
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546 1986-07-22 4 AP MANY CHINESE have benefited from economic reforms allowing them to farm private plots, start sideline businesses and work in rural industry. But hand in hand with reforms come government fee collectors. Some rural businesses in Yunnan province turn over 75 per cent ofAP - 546 words
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Page 4 Advertisements
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Advertisement196 1986-07-22 4 If your flights to Bangkok have always been nothing more than two hours of blue skies and an indifferent newspaper, we invite you to read on. Thai has covered the mileage to make flying to Bangkok an experience to be savoured. Because only on Thai wiH you find Royal Executive196 words
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Advertisement29 1986-07-22 4 NATIONAL UNIVERSITY OF SINGAPORE presents Public Lectures PROFESSOR ALAN E HEIMERT Lee Kuan Yew Distinguished Visitor 1850 1900 For enquiries please call *****03,*****22,*****39. ALL ARE WELCOME Admission Is Free29 words
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REST OF THE WORLD
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217 1986-07-22 5 AP US ASSISTANT Secretary ot State Elliott Abrams said on Sunday the United States may consider voting in October to end World Bank loans to the military dictatorship in Chile. The decision depends on "what happens in Chile between now and October." MrAP - 217 words
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Article885 1986-07-22 5 ARRIVALS Operator S«rvicc Local time From SIA UA CAL UTA FT SV SIA MAS GIA MAS SIA MAS MAS SIA GIA AC CPA RBA GIA SIA SWR SIA THAI SIA SV MAS GIA SIA SIA GIA SIA GIA SIA SIA LUFT SIA GIA SIA SIA THAI MAS885 words
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276 1986-07-22 5 UPI PRESIDENT REAGAN'S chief economic adviser predicted on Sunday continued economic growth across the US, but a former White House official cast doubt on the nation's financial health. "The conditions leading to recession in the past are not around today," said Beryl Sprinkel,UPI - 276 words
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460 1986-07-22 5 AP SOVIET oil production rose to 312 million tonnes in the first half of 1906, putting the industry on target for passing the 600-million tonne level it missed last year, according to figures published on Sunday. The figures showed a generally improving economic picture. However,AP - 460 words
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167 1986-07-22 5 AP TWO UNEMPLOYED signwriters mistakenly destroyed 15th-century wall paintings when they were sent to redecorate a Welsh church. Lynn Hughes, a writer researching a book on the Carmarthen region of Wales, said he discovered the "government-sponsored vandalism" last week when he visited StAP - 167 words
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123 1986-07-22 5 UPI A CAMPAIGN to clean up Swiss lakes has been so successful that the water is often fit for drinking, a survey has said. Water from 13 out of 16 lakes tested received ratings of 'good' to 'excellent,' including the Lake of Zurich and LakeUPI - 123 words
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Article414 1986-07-22 5 Reuter US TROOPS will not be smart enough to operate 'smart' high-technology weapons the Pentagon is developing for a new era of remote-controlled warfare, according to a report. The report by defence analyst Martin Binkin of the Brookings Institution, a private research group, said the poolReuter - 414 words
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350 1986-07-22 5 UPI BRAZIL AND ARGENTINA will create a common market to integrate their complementary economies and help along antiinflation programmes each country recently adopted, according to Brazil's Foreign Minister in an interview published on Sunday. "Brazil and Argentina could become strong partners," said Foreign MinisterUPI - 350 words
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Page 5 Advertisements
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Advertisement41 1986-07-22 5 K IIC'oMTR^ i'< in', IJu i i model by .Im-gerl.t- (oultre. Automat ic movement with (complete calendar. Available in SINGAPORE: Robinson's Centrepoint Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: CI-L. Centre Hilton Hotel Woo Hing Bros (M) Sdn Bhd41 words
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Advertisement7 1986-07-22 5 MontiirtfiTi iVKtv b—Mnq in America, Pagt 77 words
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Advertisement93 1986-07-22 5 Written am) latch), A li Shakespeare.' "I hare. Sir W'altei, hut leant think of a title. "By Jove. I have it... Measure for Measure'.' b V*. I rr>v v, r, "T f i "EMCft; V > V--*,. M.*® sft, jfe "^YEARSOU>^i r, i 1 rYrri x x. J1 Bif 193 words
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Page 5 Miscellaneous
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Miscellaneous67 1986-07-22 5 Doonesbury n IX w m. if W. i n f i ft YOU ALSO HAYS TO PROVE KXJRSELF. AS A MEMBER OF THE &SURE CLASS, YOUfe&PEOB? TO ENGAGE IN SOME MANLY ACTIVITY TO EARN THE RESPECT OF THE COMMONERS. n ~astL l BY GARRY TRUDEAU OH, Ute DEEP-SEA PNN6 OFFTHEFOLKLANPS,67 words
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BANKING AND FINANCE
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730 1986-07-22 6 Reuter JAPANESE BANKS, unable to trade foreign exchange in Tokyo before 2400 GMT, are becoming big players in fast-expanding Australian and New Zealand currency markets. Dealers said a time zone advantage and the growth in depth and quality of those markets had promptedReuter - 730 words
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347 1986-07-22 6 Reuter WEST GERMAN central bank money stock growth might slow down during the second half of the year, but there would be no change in this year's 3.5 to 5.5 per cent target range, the Bundesbank said in its July monthly report.Reuter - 347 words
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401 1986-07-22 6 Reuter TEXAN BANKS are likely to show little, if any, improvement during the balance of 1906 from the depressed results reported for the second quarter, bank analysts have said. James McDermott of Keefe Bruyette A Woods said he expects their poor performanceReuter - 401 words
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132 1986-07-22 6 INDUSTRIAL and Commercial Bank has reduced its interest rate for its savings account by a quarter point to 5 per cent. It is the fifth local bank to announce a cut in its savings rate. Last week, the Big Four lowered their savings132 words
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116 1986-07-22 6 Reuter MALAYSIA'S gold and foreign exchange reserves in June increased to M&3.32 billion from M 512.07 billion in May and MflO.Ol billion in June 1985, Bank Negara Malaysia said. Cumulative assets increased to M 519.15 billion at end-June Cram MJ17.90 billion at end-May andReuter - 116 words
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Article, Illustration808 1986-07-22 6 Reuter SINGAPORE THE US dollar yesterday closed easier against most major currencies except sterling, after fluctuating throughout in light trading, dealers said. They said the dollar opened easier on speculative selling continuing its weak trend in New York on Friday, but recovered slightly in early afternoon session onReuter - 808 words
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Article495 1986-07-22 6 BA Futures SEPTEMBER EarsdsUar yesterday opened 5 ticks higher than Friday's close at 93.65 in Simex and edged up to 93.67 on news that the US Federal Reserve Board has lowered this year's GNP forecast to 2.5 to 3 per cent in the semi-annual monetary policy before Congress. However,BA Futures - 495 words
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Article297 1986-07-22 6 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at slightly lower opening levels in quiet trading. Dealers said rates weakened between 1/14 and 1/8 point at the outset due to lower US federal funds and Eurodollar deposit rates. Thereafter rates were little changed with overnight, week fixed and one297 words
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Article196 1986-07-22 6 Interbank rates at 3pm yastai 'day? Currwdti mmm raw mmimimii Locol dollorste ——ji ■M <Mer US dolor Starling pound AuitroMn dolor NZ dolor Conodkm dolor 2.1810 3 2671 1 4002 1 1744 ***** 2 1820 3 2708 1.4030 1.1771 1 5874 2.8196 ***** 3 4286 3 4286 3.4206196 words
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Article285 1986-07-22 6 HONGKONG: GOLD yesterdey dosed a shade easier in hectic trading, mainly on late overseas profit-taking, dealers said. They said sentiment on gold remained bullish following news Chase Manhattan Corp cited loan repayment problems by oil producers Mexico and Venezuela In a filing with the US Securities aad Exchange Commission285 words
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Article74 1986-07-22 6 THE OVERNIGHT rate on the Singapore interbank money market cloned at 2-3/4 per cent yesterday, down 1/8 point (ran Friday's close. The one-month term rate fell by 1/8 point, while the two- and three-month rates remained unchanged. s$ lnt#fbonfc i rates of 7pm yisti Brday: OHm M Ovrrughf74 words
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Page 6 Advertisements
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Advertisement72 1986-07-22 6 SINGAPORE CONFERENCES ON INTERNATIONAL BUSINESS LAW CONFERENCE 3 organised by FACULTY OF LAW, NATIONAL UNIVERSITY OF SINGAPORE and THE INTERNATIONAL FACULTY FOR CORPORATE AND CAPITAL MARKET LAW sponsored by UNITED OVERSEAS BANK. SINGAPORE CURRENT DEVELOPMENTS IN INTERNATIONAL SECURITIES, COMMODITIES AND FINANCIAL FUTURES MARKETS 1 3 September 1986 Shangri-La Hotel Singapore72 words
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Advertisement99 1986-07-22 6 SUPPLEMENT BY NATURETIME MBlackmores, Australia's leading health care company, firmly believe that a positive attitude is the first ingredient of good health. To be followed by proper diet, regular sleep and exercise. Executive Formula B Blackmores understand the busy schedule of executives. So they specially developed Naturetime* Executive Formula B99 words
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WORLD BACKGROUND
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Article, Illustration1320 1986-07-22 7 PETER KILBORN; TR EASTHAM - Proponents at a loss trying to explain recent trends Monetarism, long held by the Reagan administration as a cure for America's economic ills, appears to be falling from grace. In the first article, PETER KILBORN examines the developments that have led to its currentNYT - 1,320 words
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869 1986-07-22 7 UPI THERE IS a man in Washington who holds some unfashionable views about the world economy. He thinks the creation of jobs and production of basic goods and services are more important than the profits of giant corporations and multinational hanlm This manUPI - 869 words
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Page 7 Advertisements
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Advertisement213 1986-07-22 7 An electronic banking system for corporate customers must provide the highest standards of security and management control. With Hongkongßank's Hexagon you stay firmly in charge of your own worldwide financial affairs. Hexagon uses the Hongkongßank group's privately-owned global data communications network. All information passing between your personal computer and the213 words
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FEATURES
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Article512 1986-07-22 8 ALMOST 10 MONTHS have passed since the Group of Five. United States, West Germany, France, United Kingdom and Japan agreed that the dollar was overvalued. They followed up on their accord with plenty of words and some action. They literally talked the dollar down,512 words
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Article, Illustration1710 1986-07-22 8 MARGARET THOMAS - American textile producers, garment makers and unions are once again seeking to limit textile imports and are heavily lobbying to drive through Congress the protectionist Jenkins Bill which was vetoed by President Reagan last year. On August 6, Congress will vote on whether to1,710 words
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605 1986-07-22 8 John M Carter; Co - Letter to the Editor John M Carter Co Dear Sir, Recent correspondence in the local press concerning involvement of professional organisations in the political process in Singapore does, if nothing else, serve as a warning to all professional organisations to be very careful605 words
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Page 8 Advertisements
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Advertisement200 1986-07-22 8 The experience begins with a* special welcome bouquet. This is an appreciation of how much we enjoy having you with us. During your stay, you'll notice the little things that get done quietly and efficiently. Like offer you shopping tips. Strict screening of your guests. And upon your reouest, we'll200 words
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Page 8 Miscellaneous
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Miscellaneous686 1986-07-22 8 CRYPTIC PUZZLE ACtOSS 3 A choice question (5) 8 See a debtor cringe! (5) 10 But with hock, it doesn't have red berries (5) 11 it's used m varnishing the pioce (3) 12 Controdict a crazed brute (5) 13 Uke a wonderful feiow (7) 15 Come ogam out of mere686 words
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SSPORTS
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264 1986-07-22 9 AP THE US secured a semi-final berth in the Davis Cup tennis tournament when Tim Mayotte defeated Mexico's Leonardo Lavalle 7-5, *4», 0-6, 6-4, 9-7 in Mexico City on Sunday. Mayotte's victory gave the American team an unbeatable 3-1AP - 264 words
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Article84 1986-07-22 9 AP A US TEAM anchored by a 16-year-old set a new world record of three minutes, 1.90 seconds on Sunday in the men's 1,600-metre relay on the final day of the first World Junior Track and Field championships in Athens. William Reid ran the finalAP - 84 words
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Article440 1986-07-22 9 AP JIM FERREE sank a 2.4 m birdie putt on the first hole of sudden death on Sunday to win a three-way play-off and his first PGA senior tour victory at the U*****,000 Greater Grand Rapids Open in Michigan. The 55-year-old American had earlier shotAP - 440 words
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335 1986-07-22 9 UPI KENNY SMITH scored 23 points, including a crucial jumper with 20 seconds left, to help the US win the gold medal at the 10th World Basketball Championships in Madrid on Sunday with an 87-85 victory over the previously undefeated Soviet Union. The Americans,UPI - 335 words
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374 1986-07-22 9 WALTON MORAIS - By WALTON MORAIS BARBICAN BEER, after topping the table in the round-robin competition, will meet Volvo in the semi-finals of the Citizen Team Tennis championship on Saturday. Barbican earned the semifinal berth after winning its final three fixtures over the weekend to complete374 words
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Article, Illustration965 1986-07-22 9 AP GREG NORMAN, who let this year's Masters and US Open slip from his grasp, grabbed the British Open with a two-fisted interlocking grip on Sunday and won by a five-stroke margin. The Australian needed only a closing round of 69 over Turnberry's Ailsa courseAP - 965 words
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Article471 1986-07-22 9 UPI Final results: Greg Norman, Australia, US$lO5,OOO, 74-63-74-09 290; Gordon Brand Sr. Britain, $75,000, 71-68-75-71 295; lan Woosnam, Britain. $52,500, 70-74-70-72 299; Bernhard Langer, West Germany, $52,500, 72-70-76-68 299; Nick Faldo, Britain, $37,500, 71-70-76-70 297; Gary Koch, US, $33,000, 73-72-72-71 299; Severiano Ballesteros, Spain, $33,000, 76-75-73-64 299;UPI - 471 words
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Page 9 Advertisements
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Advertisement8 1986-07-22 9 U)i£aort Ultra. It'll change the way you play8 words
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Page 9 Miscellaneous
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Miscellaneous1156 1986-07-22 9 THE LIVING BODY Dwifln for Living (Last spisods) 10pm, Chsnnel 12 This last programme takes a look back at many of the memorable sequences filmed around and inside the human body. It summarises the message of the series that the tasks which the living body has to perform in order1,156 words
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INTERNATIONAL COMPANY NEWS
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570 1986-07-22 10 62 stocks designated alpha securities FT THE SHAPE of the London equity market after the "Big Bang" on Oct 27 has become a little clearer with the publication by the Stock Exchange of a provisional list of 35 market makers, and a list of theFT - 570 words
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171 1986-07-22 10 NYT BEFORE the directors of the financially troubled BankAmerica Corp hold their monthly board meeting on Aug 4, at least three directors are planning an emergency meeting of their own, Wall Street sources have said. No details could be deter- mined, although the specialNYT - 171 words
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261 1986-07-22 10 AP ANGOLA, the world's fifth-larg-est diamond producer, is dissolving state-run diamond company Diamang and setting up a corporation that would exclude foreign shareholders. The official Angolan news agency, Angop, said that foreign shareholders unanimously accepted and approved of the dismantling of the company.AP - 261 words
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Article, Illustration445 1986-07-22 10 FT THE LONDON Stock Exchange has intervened in the row over controversial board changes proposed by Guinness, the UK brewing and retail group, and warned Guinness directors that it expects a full explanation. Mr Ernest Saunders, Guinness's chief executive, has also been reprimanded byFT - 445 words
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137 1986-07-22 10 Reuter THE DIRECTORS of Colt Industries have approved a shareholder leveraged recapitalisation plan in which each share of common stock, except those held by the retirement savings plan, would be exchanged for US$B5 in cash and one share of new common stock. About US$l.6Reuter - 137 words
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Page 10 Advertisements
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Advertisement403 1986-07-22 10 s Wiie't€ id wim, iiae msH eMerieua wm More afternoon delights now at the X*r Mezzanine lounge 1 High tea buffet 3.00 pm to 6.00 pm daily. Indulge in rich cakes, finger sandwiches, Bistro wine cooler and much more: Price: $8.50 per person. Fashion shows 5.30 pm every Tuesday and403 words
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Advertisement186 1986-07-22 10 Sunday family attraction Only $150 or $180 for a table of 10. Two grand 8-course menus for a delightful lunch or dinner treat for the family. V. Weekday fare (Lunch only) Only $60 for four persons or $90 for six persons. ($l5 for extra person). Two splendid menus for busy186 words
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ASIAN STOCKS
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Article358 1986-07-22 11 HONGKONG: Share prices closed higher yesterday, buoyed by strong technical support and expectations that the market would benefit from a setback in Tokyo. The Hang Seng Index rose 18.13 points to 1,777.73 while the Hongkong Index climbed 11.49 points to 1,110.33. Turnover rose to HK5351.48 million from $319 million358 words
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Article186 1986-07-22 11 JULY 21 At Smear* Mm NT 199 26.40 -001 0.1 Kuochon Dav Laa Chang Yuan Cham tridu* 22 00 33.10 13.05 unch -0.4 0.3 31.00 -0.3 38 30 0.2 Chang Hm Bank 43 70 26.80 -0.1 -0.4 Not Invartmant 380.80 -0.6 QwjTwi Camant Owi Hun Rour 24.70 1040 23.70186 words
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Article453 1986-07-22 11 Reuter TOKYO: Stock prices fell sharply yesterday but ended higher than the day's lows after rising in the morning, then dropping on profittaking and stop-loss selling centred on forerunners. The market average fell 319.09 points to 17,522.22, the third-largest fall ever, but was up from 17,277.50 in the afternoon.Reuter - 453 words
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Article71 1986-07-22 11 JULY 21 NM Oriental B PM OvaTMOt PMw B 0.015 0016 026 unch -0001 0.01 Acoji Monfl Angto PM Apax Mining 8 0.0012 0.014 0001 Ptcop B A rtcn Con. S Boguo Gold Bomc Patrotaum Banguat Con. B Fnt PM HMgi Laponto B 15 75 +2 5.20 +0.8 *****71 words
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Article411 1986-07-22 11 SYDNEY: Share markets closed firmer in brisk trading yesterday, buoyed by higher bullion prices abroad and speculation about a BHP takeover bid for Elders IXL. Near the close, the All Ordinaries Index was 4.5 points higher at 1,135.4, the All Industrials Index was 1.3 points firmer at 1,905.4 and411 words
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Article102 1986-07-22 11 JULY 21 Wan Kongwoo M Km Motor 1100 2020 -30 30 Owl SMQQT 1890 10 Koton M 2015 -5 Doatm hd Ooawoo Corp 635 1320 1475 26 23 26 Karoo Long Torm Lucky Ltd Onontal Btowary 1480 1570 1460 -100 71 4 Dona Ah Phar Dong SUi Stock 072102 words
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149 1986-07-22 11 Reuter PRESIDENT SUHARTO yesterday opened a US$B37 million aroma tics plant intended to make Indonesia self-sufficient in synthetic fibre production, the Antara News Agency said. The plant, in Plaju, South Sumatra, is designed to produce 450 tonnes of purified terephthalic acid a day. It isReuter - 149 words
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Article, Illustration628 1986-07-22 11 Share options exercised BROKEN HILL Pty Co Ltd has converted its Elders IXL Ltd bonds and exercised options to acquire 79.06 million Elders ordinary shares. BHP said it now holds 84.06 million Elders IXL shares. Elders had 322.66 million shares on issue before last628 words
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Article90 1986-07-22 11 Reuter SIAM CITY Cement Co Ltd has proposed a one-for-three rights issue of 2.43 million new ordinary shares. The company said the new 100 baht shares will be offered to existing shareholders on the register on Aug 4 at 200 baht each. Siam City sharesReuter - 90 words
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Article52 1986-07-22 11 Reuter CHINESE Estates Ltd and its subsidiary, China Entertainment A Land Investment Corp, have acquired a total 2.12 per cent stake, or 6.89 million shares, in Hongkong k China Gas Co Ltd for HK$ll3 million. The companies bought the shares on the Hongkong stock market on JulyReuter - 52 words
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Page 11 Advertisements
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Advertisement566 1986-07-22 11 tSf iv<. -< m Witete to wiae, <iim aad eaSertala E X'% Start of A New Experience Kinta-Mani Transports the old world charm of Indonesia to you Tastefully furnished and decorated with art and batik that's uniquely Indonesian Lunch or dine under cloudy blue sky Tickling your palate with an566 words
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Advertisement105 1986-07-22 11 Trrrwrr ChooM from mora tnan gHFfi 20appetizing diahet. Eat ail you can for only *r M V <L *0 fei ta TO scat i i S5 w > Bag N S£V, For only $280*, enjoy a splendid 10-course lunch or dinner with Cantonese specialities like Barbecued Suckling Pig and Braised105 words
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RAW MATERIALS
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326 1986-07-22 12 Reuter WORLD COMMODITY trade will collapse soon unless consumers cooperate with producers to stabilise markets, Prime Minister Mahathir Mohamed has said. Dr Mahathir, opening an international commodities semifar, said there will be international financial repercussions if the earning capacity of producers is affected. "TheReuter - 326 words
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437 1986-07-22 12 AP SENATE MAJORITY leader Bob Dole says the Administration is considering broadening a USH-bfllkm farm export subsidy programme to cover sales to the Soviet Union. Mr Dole said he believed foreign policy considerations were pushing the Administration to itvcrse its longstanding opposition toAP - 437 words
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133 1986-07-22 12 AFP INDONESIA'S coffee exports in the first quarter of 1906 have almost doubled in value over the same period last year, official figures imr. In the January through March period, the export volume of coffee rose by tonnes over the 1905 first quarterAFP - 133 words
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133 1986-07-22 12 Reuter CUBA WILL HELP Vietnam develop its sugar industry under the terms of a new economic and technical cooperation agreement, the official news agency AIN has said. The agreement, signed in Havana last Friday, provides for Cuba to help modernise and expand severalReuter - 133 words
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172 1986-07-22 12 Reuter JAPAN'S uranium ore requirements should be covered under current contracts until around the end of the century, senior energy officials have said. A forecast leap in future needs should be covered from Canada, Australia and China, offtrtals of the international tradeReuter - 172 words
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130 1986-07-22 12 Reuter TAIWAN will buy more coal from South Africa and sign a three-year agreement with Pretoria for maize imports, an official of the Taiwanese Economic Ministry has said. Taiwan would import at least 200,000 tonnes of maize and about one million tonnesReuter - 130 words
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369 1986-07-22 12 AFP THAI RICE EXPORT earnings dropped some US$7O million in the first six months of this year despite an 8.7 per cent increase in the volume shipped, a Hud official said on Thursday. Tappana Bunnag, executive secretary of the Board of Trade ofAFP - 369 words
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Article301 1986-07-22 12 Reuter SINGAPORE THE MARKET yesterday closed slightly lower with August One RSS buyers quoted at 177.75 cents per kilo, down 0.25 cent from last Friday, dealers said. Prices lost about 0.75 cent in quiet morning trading on some long liquidation following lower Tokyo advices. They recovered slightly in thinReuter - 301 words
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Article212 1986-07-22 12 THE MALAYSIAN crude palm oil market yesterday closed easier with sellers anticipating an increase in supplies of crude palm oil in the next few months and also in sympathy with weakness in palm oil futures. Prices were lower from the start, extending Friday's easier trend, and most operators212 words
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Article151 1986-07-22 12 ChiniM Produce Exchange S>lin' mom dosing p My 21 (S$/100k9). rices on Coconut oil Bufc FOB 48 00 Otd drum FOB 61 00 New drum FOB 65 00 Copra 26 buyers Mixed (loose) Popper Muntok White FOB NLW 1122 50 Sarawak White FOB foq NLW 1107 50 Sorowak151 words
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Article73 1986-07-22 12 Reuter THE PBICB of tta m fee bah liipw Id Market yesterday «Med tw* eeati, to eisse at M 514.28 per kUe (rem iysvij iM to Trallig «u (airly qaiet, dealer* said. Tetal disposals (eO to M to—ee (rwi ft, alTke aadertoae wae ■toadied by persistent kat BgktReuter - 73 words
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Article879 1986-07-22 12 Reuter COFFEE ROBUSTA coffee futures traded quietly yesterday morning but prices slipped on a lack of buying interest to show net losses of up to £40 a tonne. At one stage during the morning losses ran to over £45 as sterling rallied against a weak dollar. September endedReuter - 879 words
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Article289 1986-07-22 12 R AS prices «ScMta/kg, FOi a k dm NOON CLOSE In* 1 RSS Prompt 178 50 I79.50N 179.00 180. OON bit 1 RSS Aug 86 177.25 177.75 177.75 178.25 bit 1 RSS Sapt 86 178.25 178.75 178.75 179.25 Int 2 RSS O P 173.00 175.00N 173.50 175.50N289 words
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Article89 1986-07-22 12 (CMrts/kf, 1-tOft pi <*•"> AUG 86 sen-86 (currant month) NOON V• orwora hkkitfi; NOON RAS leyen jwin ■eyen S||m SSR 20 160 50 *****N 161.00 163.00N SSR 50 157.50 159 SON 158.00 160.00N MRELB Beyers Mwn gjyUI Jfrfrl SMR CV 236 50 238.50N 237.50 239.50N SMR L89 words
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Page 12 Advertisements
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Advertisement213 1986-07-22 12 NOTICES PACIFIC At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court, #04-15 Singapore 0617 on Monday, the 21st day of July 1988, the following Special Resolutions were passed 1) RESOLVED that the Company be wound up voluntarily pursuant to Bectlon 290(1Xb) of213 words
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Advertisement264 1986-07-22 12 INTERN ATION AL PR LTD At an Extraordinary General Meeting of tbe members of the above named company, duly convened and held at 4 Battery Road #12-00 Bank of China Building, Singapore 0104 on 15th July 1986 the following Special Resolution was duly passed:"That the Company be wound up voluntarily264 words
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Advertisement304 1986-07-22 12 la the Matter af the Cmpaales Act, Cap. lM TTT INTERNATIONAL (BDH3APOBB) FIB LTD SPECIAL RESOLUTION At an Extraordinary Oeneral Meeting of the members of the abovenamed company, duly convened and held at 4 Battery Road #12-00 Bank of China Building, Singapore 0104 on 15th July 1860 the following Special304 words
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Advertisement287 1986-07-22 12 la IJm> Matter af to CMputo Act, Ctp. IK SUPREME ABU HOUSE PTE LTD BPEC3AL RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed company, duly convened and held at 4 Battery Road #12-00 Bank of China Building, Singapore 0104 on 15th July 1966 the following Special287 words
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Advertisement273 1986-07-22 12 LINKEN PTE LTD (moorporaM *1 the RtpuOtc oI *n Votwttry UqtadMon) NOTICE IS HEREBY GIVEN mat pursuant to Section 306 of the Companies Act Cap, 185 the Final Meeting of members of the Company will be held on Monday 25 th August 1966 at 11 00 a m at the273 words
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SHARE INFORMATION
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Article, Illustration4036 1986-07-22 13 SHARE prices eased across a broad front in quiet and patchy trading at the Stock Exchange of Singapore yesterday. The lack of fresh factors and investor uncertainty surrounding the Malaysian general elections kept most buyers away. At the close, the Straits Times Industrial4,036 words
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Article223 1986-07-22 13 SINGAPORE Rises indteM wri h i M fW.AU.SOt ISO +3 IT OB/OS -3* ICS 366 4-4 ITCAOI -64t2 Jj'i" 1 27# +3 rroov jmiis H Uy Ra 236 3 ST Mastnab ***** Haa Haag 96 +3 ST r r 1612.67 U 0 B 392 +2 STHTST 573223 words
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Article2857 1986-07-22 13 BID and Oder prion officially listed and hiiriw la and reported to the Stock Exchange of Singapore yesterday with the number at share* traded shown in brackets in lots of ljM units unless otherwise specified. AD Time Settlement Contracts are quoted after the word "SETT'2,857 words
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Page 13 Advertisements
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Advertisement20 1986-07-22 13 KL market report, Business done on the KLBE, P»ge 14 Training improves your Let BT show you how every Wednesday.20 words
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COMPANY NEWS
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747 1986-07-22 14 RAMESH CHANDIRAMANI - Effect of currency factor on six companies a study mm By RAMESH CHANDIRAMANI LIKE rr OR NOT, gyrating international currencies do make a great deal of impact on the profit performances of most companies. Sometimes, the company loses when the managers underestimate their currency exposures and do not take appropriate747 words
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Article102 1986-07-22 14 HONGKONG Hongkong Indox Mondoy 1110.33 1098.84 Week ago 1085.51 Hong Song Indox Monday \ZZLJ\ Friday 1759.60 WHk ago 1739.93 All Industrials Monday 1805.4 Friday 1803.0 Weak ago 1816.1 NEW YORK Dow Jones Friday 1777.98 Thursday 1781.78 Weak ago 1821.43 TQKYO Nfckai Avarogo Monday Saturday *****.13 We«k ago *****.56'102 words
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Article243 1986-07-22 14 Moiioo€fS pfkcs (S) for Jdy 22 Singapore Unit Trust The Commerce 0.83 0 89 The Savings Fund 0.74 0.80 S'pore Prog Fund 0.35 0.38 S'pore S«c Fund 0 59 0.64 S'pore Invest Fund 0.55 0.60* S'pore Equity Fund 0.41 0.45 Atta Unit Trust Mol Invest Fund 1.20 129243 words
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402 1986-07-22 14 ANOTHER wave of selling pressure swept through .the Kuala Lumpur stock market yesterday and left in its wake a trail of losses. The announcement of the date for the general elections met with bearish response and sellers swarmed the trading floor.402 words
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Article, Illustration308 1986-07-22 14 MBT MULTI-PURPOSE Holdings Bhd is expected to unfold its organisational revamp anytime now following the return of its executive chairman Datuk Lee San Choon from London last week. The revamp is believed to involve boardroom changes as well as retrenchment of several senior managers basedMBT - 308 words
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153 1986-07-22 14 Reuter THE BELL Group Ltd of Australia, which together with two Far East businessmen helped Standard Chartered PLC flight off a hostile bid from Lloyds Bank PLC, has increased its stake in Stanchart. Stanchart said in a statement that Bell group, headed by RobertReuter - 153 words
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Article2030 1986-07-22 14 BID and otter prices officially listed and luislnr— In and reported to the Koala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots o< 1,000 units unless otherwise specified. MDUSTRMLS Acme xd AMD (31 OS) Alcom (666) (8) 692,030 words
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Article218 1986-07-22 14 PIMA METAL BOX Berhad: Uth AGM at the PJ Hilton Hotel, Jalan Barat, ***** Petaling Jaya, Selangor, tomorrow at 9.30am. METRO HOLDINGS Limited: 13th AGM at 65 Chulia Street, #19-00 OCBC Centre, Singapore 0104, on Friday, July 25, at noon. TBANSMABCO Limited: AGM at 65 Chulia Street, #1940218 words
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417 1986-07-22 15 INTERNATIONAL WOOD Products Ltd has disclosed that its joint venture project in China will have a total capital investment of some $19.9 million. The project is for a duration of 20 years and may be extended after negotation by both sides. Under417 words
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504 1986-07-22 15 MBT STOCKBROKING FIRMS in Malaysia earned less last year than in 1984 In line with the depressed stock market conditions and declining stock prices. Total brokerage (or commissions) earned by the broking houses last year amounted to MH04.7 million, a one-third drop fromMBT - 504 words
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Article427 1986-07-22 15 THE PUBLIC BANK group is bracing itself for another challenging year ahead. Prospects for 1966 are not very encouraging as the Malaysian economy is not expected to show much improvement, says executive chairman Tan Sri Teh Hong Plow. "The recovery of our economy depends on427 words
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Article, Illustration619 1986-07-22 15 AMY CHEOK - Fraser Neave seeking financing for its projects Group needs $40-$6O million in the next three years By AMY CHEOK LEADING soft drinks manufacturer Fraser A Neave Ltd is planning to raise $40 million to $60 million over the next three years to finance several of its projects. But FAN will619 words
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Article219 1986-07-22 15 REPLYING to queries from the SGS on its proposed purchase of Orchard Hotel (S) Pte Ltd for |39 million to be satisfied by an issue of new shares, Ctty Devel■pmnts Lid said the issue price of $1.33 for each new share is based on a 10 per cent219 words
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Article266 1986-07-22 15 KUMPULAN Perangsang Selangor, the investment arm of the Selangor Government, is to set up a new holding company before it seeks a listing on the Kuala Lumpur Stock Exchange (KLSE). This will also entail revamping the corporate set-up. Sources said the new holding company266 words
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Page 14 Advertisements
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Advertisement41 1986-07-22 14 A New Address jr r*. CITIBAN<O INTERNATIONAL LOS ANGELES The Private Banking Group of Citibank International-Los Angeles has been relocated from Beverly Hills to Citicorp Center 725 S. Figueroa Street Los Angeles, CA ***** Telephone (213) 239-2000 CITIBANKO INTERNATIONAL PRIVATE BANKING41 words
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Advertisement441 1986-07-22 14 IN THE HIGH COURT OF COLOMBO (In the Exercise of Its Admiralty Jurisdiction) Action in Rem No 11 of 1986: STEEL CRANE BARGE "ARCHIPELAGO" Particulars of Vessel "ARCHIPELAGO" Port of Registry Panama Type Steel Crane Barge Non Propelled'and Utilised as a Dredger Classification Korean Register of Shipping Dimensions Length 45.00441 words
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Page 15 Advertisements
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Advertisement87 1986-07-22 15 SEMICONDUCTOR DISTRIBUTOR WANTED A leading semiconductor manufacturer is looking for distributor in Singapore. Established company with sound financial background, good infrastructure to market and sell semiconductor devices is desired. Please send company financial statements for 1984 1985, infrastructure and key person's experience and education background to: Orchard Point P.O. Box87 words
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Advertisement39 1986-07-22 15 MC(P)ll/12/85 VOL 10 NO 7 JULY/AUGUST 1986 MONTHLY BUSINKSSTIMKS Foreign reserves cross S2sb mark ->U What went wrong State of the Economy Sorting out the signals INCLUDING Jk, %JL 16 on the v international scene KAT YOUR NEWSSTAND NOW39 words
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Article, Illustration611 1986-07-22 16 ALVIN TAY - By ALVIN TAY HIGHER CORPORATE TAX and stamp duties in Japan will put the proposed Tokyo offshore market at a disadvantage, making it less attractive than those in Singapore and Hongkong, according to the visiting president of Bank of Tokyo. In an611 words
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471 1986-07-22 16 FLORENCE CHONG - By FLORENCE CHONG IN THE FACE of a continuing rundown of long-term investment, Australia appears to be having second thoughts about its tough foreign investment regulations. It was reported yesterday that the much-criticised Foreign Investment Review Board (FIRB) may be disbanded to stimulate foreign investment.471 words
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161 1986-07-22 16 A FORMER Tat Lee Bank officer was yesterday jailed for nine years (or abetment by conspiracy to cheat and for cheating. Leong Kum Hoong, alias Eddie, 41, was jailed for five years after he admitted conspiring with his father-in-law, Sitoh Tong alias161 words
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250 1986-07-22 16 UPI OPINION POLLS released yesterday showed increased opposition to Prime Minister Prem Tinsulanonda and no clear favourite to win Sunday's general election. Gen Prem once seemed certain to return to power after election even though he declined to compete in the poll. Under the- ThaiUPI - 250 words
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379 1986-07-22 16 AP, Reuter BRITISH trade union leader Norman Willis said yesterday that Britain's rejection of economic sanctions was antagonising South African blacks and ultimately would cost the jobs of British workers. If apartheid was ended and a black government took over, Britain would lose itsAP,; Reuter - 379 words
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170 1986-07-22 16 AFP TAIWAN is to propose tariff reductions on 14 types of industrial products in a further effort to promote free trade. Vice Economic Minister Li Mo said yesterday the 14 categories covered tennis rackets, sweaters, sewing machines, decoration lamps, computer monitors, electricAFP - 170 words
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Article59 1986-07-22 16 AP SOUTH KOREA will in September open its cigarette market, now worth US$l.5 billion a year, to imports of foreign cigarettes for sale to South Korean citizens. The first shipment of foreign cigarettes will be imported in September by the Office of Monopoly, the government agency which nowAP - 59 words
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317 1986-07-22 16 Reuter NEW YORK TIMES executive editor AM Rosenthal warned China yesterday it could seriously damage its image by holding correspondent John Burns, detained last week on suspicion of spying. Mr Rosenthal told reporters after a 30-minute meeting with Burns in an office ofReuter - 317 words
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446 1986-07-22 16 Reuter JAPAN yesterday ignored domestic and overseas pressure to reflate its economy and set tough government spending targets (or next year. Only a few select areas defence and overseas aid among them escaped the axe as the Cabinet stuck to its long-rangeReuter - 446 words
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Article97 1986-07-22 16 Reuter COMEX GOLD FUTURES yesterday recouped most of their early losses as light speculative buying emerged amid concerns over the financial sector. A lack of overseas followthrough sparked profit-taking early on, but safe haven considerations limited losses. Gold for August delivery traded at U*****.10 an ounce,Reuter - 97 words
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Article57 1986-07-22 16 Reuter BLUE CHIPS on Wall Street changed course in early trading yesterday to move higher after an opening decline, but most stocks remained depressed. The Fed's relatively optimistic economic forecast last Friday lent background support. The Dow Jones Industrial Average rose three points to 1781, but declinesReuter - 57 words
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LATE FILE
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Article51 1986-07-22 16 AFP CHRISTMAS ISLAND is to get a casino, in a bid to tap the South-east Asian gambling market. A West Amtralian property trust said yesterday it hoped to attract 300,000 gamblers a year, mainly from Indonesia, Singapore and Malaysia, to the planned US$2l5 milium casi-no-hotel complex.AFP - 51 words
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Article48 1986-07-22 16 UPI THE PHILIPPINE government has taken control of Bataan Shipyard and Engineering Corp, the country's largest ship building and repair facility partly owned by a brother-in-law of ousted ruler Ferdinand Marcos. It said the takeover was made in the interest of national security. UPIUPI - 48 words
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Article44 1986-07-22 16 AFP JAPANESE Prime Mfatow Yasuhiro Nakasone promoted his chief political rivals, the foreign and finance ministers, to the number two and three posts respectively in the Liberal Democratic Party yesterday as he cleared die way for his reelection to the premiership.AFP - 44 words
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63 1986-07-22 16 UPI PRESIDENT REAGAN is still preparing a resume to Soviet arms control proposals, a White House spokesman said yesterday. But he declined to comment on reports that Mr Reagan had approved a draft of a reply that haves open the possibility that he will negotiateUPI - 63 words
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Article31 1986-07-22 16 UPI ISRAELI Justice Minister Yitzhak Modai yesterday resigned after Prime Minister Shimon Peres threatened to fire him for critfcWng the handling of the Shin Bet scandal. UPIUPI - 31 words
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Article50 1986-07-22 16 AP AMERICAN evangelist Billy Graham yesterday announced in Amsterdam that he has been invited to China, and will accept in the next few years to "explain" rather than to "preach" the gospeL He said his planned trip to China would "not be a crusade". APAP - 50 words
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Page 16 Advertisements
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Advertisement119 1986-07-22 16 SIGN YOUR VEHICLE INSTANTLY FROM $50 UP it makes a lot of economic sense to use your commercial vehicle to advertise your: a) NAME b) YOUR PRODUCTS O YOUR SERVICES Thousands of your customers will see and read your message every week week after week after week. And it will119 words
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Advertisement188 1986-07-22 16 ~!,?|}:,_}<?:';(;!@=()\@/\{`{|~ Rabobank: your partner for business with the Netherlands. Rabobank Nederland, with offices in Singapore, Hong Kong and Jakarta, provides a personal service to companies with trade relations in the Netherlands. Rabobank is an M AAA"-raled Dutch co-operative banking institution with total assets of U.S.S 48 billion. It ranks among188 words
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Page 16 Miscellaneous
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Miscellaneous40 1986-07-22 16 \saaaHßiaa WW VWrM Outlook for todof. Foir. Shown Report foe 24 boors prior to 7.30pm on My 21 at riw airAatociotod humidity 88 Hoors of iMiiihim 9.90 RoiiifoN in milT—tros Troco RotnfoH Hm month 31.8 Rotny days Hm month 540 words
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SHIPPING TIMES
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215 1986-07-22 17 STATE-OWNED YANG MING Marine Transport Corp will take delivery of the largest container vessel ever built in Taiwan on Friday. The 3,042 TEU Ming Propitious, built at a cost of US$3O.9 million, is one of eight ships ordered by Yang Ming215 words
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92 1986-07-22 17 Reuter PAKISTANI authorities are considering ha fining ships intended for scrapping from within 12 miles of Karachi to prevent hazards to navigation. Pakistan's Shippers Council agreed in principal to impose the ban after two scrap ships ran aground near the port in theReuter - 92 words
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389 1986-07-22 17 LINDA CHEE - By LINDA CHEE SINGAPORE SHIPPING Corporation (SSC) will be making another foray into bulk shipping with a new liner bulk service between Japan and Straits ports by the end of the year. Managing director P L Kua says five ships of389 words
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457 1986-07-22 17 UPI THERE WAS NO confirmed buyer behind a purchase offer used to Justify a US$3 million insurance policy for a fish processing ship that sank last month northeast of Hawaii with eight people aboard, the Seattle Times reported. Authorities were investigating the possibility theUPI - 457 words
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PORTSIDES
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Article124 1986-07-22 17 KAWASAKI HEAVY Industries Ltd, a major Japanese heavy machinery manufacturer, suffered a substantial loss in its business year ended last March 31. The company, based in the western port city of Kobe, said the poor result was attributable to the prolonged shipbuilding recession and the steep124 words
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Article144 1986-07-22 17 UPI A JAPANESE ferry and a Thai freighter collided in dense fog off Western Japan on Saturday night, leaving two passengers slightly injured. The officials of the Maritime Safety Agency said the collision occurred between the 1,522-ton ferry Saiki with 57 people aboard and the 6,582-ton Jupha PhansiriUPI - 144 words
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Article1153 1986-07-22 18 CHARTERING on Friday was also entirely confined to the time-charter and grain sectors of the freight market with fresh coal and iron ore fixing slow to develop, shipbrokers said. A 63,000 tonner was fixed from Japan for a trip via Thailand and redelivery Antwerp-Ham-burg at U553,250 daily and1,153 words
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Article, Illustration1254 1986-07-22 18 This year, Southampton expects to handle nearly 300,000 TEUs but it is facing intense competition from its main rival, Felixstowe. To meet the target, the port has strived to overcome obstacles by cutting costs and lowering charges. Although there are signs that businessFT - 1,254 words
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Article667 1986-07-22 18 AB Shpg V 5 Accord Shpg VI 3 Afeo Line VI 3 Anro Service IV 2/3 ANL 1 1/2 APC Line V 4 APL in 2/3 ASCL w I Bait-Canada Line VI 4/5 Bait-Orient Line vi 4/5 Bank Line V 5 B8S 1 4/5 Ben Lme Cont667 words
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133 1986-07-22 18 AFP OCEAN SALVAGE vessels on Sunday were racing towards the wreck of a sunken British freighter that spilled 35 tonnes of lead, arsenic, and cadmium into the North Sea. The Dutch Department of Water Resources (DWR) said the freighter Olaf,AFP - 133 words
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368 1986-07-22 18 Reuter FOR FIVE DAYS and nights, more than 70 refugees from Vietnam packed onto a flimsy leaking boat watched oil tankers, container ships and cargo ships pass by without offering them help, said a spokesman for a West German refugeeReuter - 368 words
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108 1986-07-22 18 AP SHIPS RESCUED 1,673 Vietnamese boat people on the seas during the first half of this year, a 30 per cent increase over the last six months of 1965, the office of the UN High Commissioner for refugees said on Friday. A totalAP - 108 words
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Article175 1986-07-22 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line175 words
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Article, Illustration575 1986-07-22 19 HIGHER RATES for tankers have helped Bermuda-based shipping group Gotaas-Larsen record a massive profit improvement in the second quarter, with half-year earnings twice the level of 1965. Operating profit rose dramatically, largely as a result of the surge in tanker demand following the oil price575 words
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Article161 1986-07-22 19 THE AFRICAN state of Somalia is to receive US$l9 million in aid from the International Development Agency in order that it can modernise cargo handling facilities at three of the country's main ports. Plans to extend the ports have been in the pipeline for two161 words
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188 1986-07-22 19 AP CREW MEMBERS aboard certain passenger ships are little more than galley slaves recruited from Third World countries for a pittance, the National Maritime Union charged on Saturday. During informational picketing near the passenger ship terminal in Manhattan, about a dozenAP - 188 words
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Article267 1986-07-22 19 AFP THE CONTINUED weakness in crude oil prices appeared to have enticed oil companies to procure extra cargoes over the past week, resulting in the recent decline in tanker rates being arrested. Reports that a "substantial" tonnage had been concluded off the market also contributed to the firmerAFP - 267 words
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270 1986-07-22 19 Fairplay HULL INSURANCE underwriters and bankers have been warned by the Salvage Association to be wary of risks associated with the reactivation of tanker tonnage on a large scale. Speaking in London recently following the publication of the association's annualFairplay - 270 words
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7217 1986-07-22 24 3®aBG)(!EB 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 of7,217 words
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Article703 1986-07-22 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 CR Poris 5E 22.7 86 1600 Optorg F1 0700-0800 B7 Jutlondio 236 22.7.86 1700 Ned-EAC F7 0800-0900/0700-0800 P2/S2 Pelopor 197N 22.7.86 1800 Boustead F7 0900-1000703 words
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Article1698 1986-07-22 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A—l A To# Enterprises Pte Ltd Same (S) AB Shipping Bousteod Shpg Agencies A tec Lme A trie on Shpg Agencies CS) Ahrenkiel Liner Kim Shpg (S) Alfred C Tonpfer Oceonus SfvppmgAgencies (S) Muhiport Sdn1,698 words
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Article503 1986-07-22 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departuri KEPPEL WHARVES Frotamoniio Marine Blue Me'dian Ocean Str Venture Yuheng No 2 Hosei Maru Kobe Maru Kota Ratu Kutai Uangshan New Galactica Toyofuji No 6 KI2 K17 K9 K25W K33 K18 K20 K32 K35 K33 K11 K10 Merlion Borneo503 words
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Page 17 Advertisements
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Advertisement440 1986-07-22 17 +5 i u [$j IHI OlV«TOvbqeas CotUaitm LINE mm. shptme msaaa o«t m2«m/ on) 70 Shenton War #0403 Marina House Singapore 0207 TH *****11 TELEX NO RS ***** CFS OFFICE IPC #03 029 TO *****31 and *****32 Terminal oHKt TPC #03 030 Id *****90/*****93/*****01 PESAM MM SVfMG MDKfS SON. M>.440 words
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Advertisement64 1986-07-22 17 SOUTHAMPTON remains one of Britain's leading ports, but the 1980s have been a trying time for both its managers and the shipping companies which use its facilities. Pag* II HIGHER RATES for tankers have helped Ber-muda-based shipping group Gotoas-Lorsen record a massive profit improvement. P«g« 111 Index to advertisers II64 words
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Advertisement860 1986-07-22 17 SHIPPING COMPANY Regular Servicoa To SOUTH EAST ASIA, JAPAN, INDIA Agent Singapore Soviet Shipping Co Pie Ltd TEL: 535 2333 MAERSK L NE SINGAPORE/ANTWERP SINGAPORE/ROTTERDAM 17 DAYS 18 DAYS SINGAPORE/BREMERHAVEN 19 DAYS SINGAPORE/HAMBURG 20 DAYS 22jj EAST. WEST AFRICA ASIA *Smppa« Ohm Taas aV- tin zJoo m CY 28/7 IbOO860 words
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Page 18 Advertisements
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Advertisement338 1986-07-22 18 V,Q r TAfR YAMA3HITA-SHINNIHON LINE M. mkJm JLJJL J. JL-# trans-pacific services STRAITS FEEDER I Pacific South West I Pacific North Woat I Faadar at Kao I Faodor at Kao [TS ITI FT7M m i i Hmm EMEM TZ3MI T7JTMTfI iiwPJI < il ■EMEMPM »;,Tf l iITMITTMH I iii'y'iETT'B i338 words
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Advertisement165 1986-07-22 18 Supercarrier Service TTTT^r^rCT \\AAU ■EliVdl 4M 1/1 IV* 111/1 14/9 22/9 27/9 2V9 I »/> 9/19 114/11 112/11 115/10 21/19 t" 1/1 x/l 2/9 15/1 I J/9 lt/9 1/9 121/9 Vl* 19/11 17/19 IMb (HI). S. Fraoca OiHnl. Stocfctaa mt Sm Otafe L CMnta Ml Aruta. Caracjo Ml*—. Pt*psbua Part165 words
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Page 19 Advertisements
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Advertisement655 1986-07-22 19 The Straits Steamship Group "CJ 1 STRAITS SHPPMG "linqopon In tihih. liiwili, Brunei Poets end BmQkok QC!L Overseas Containers Limited CONTAIffRSHIP SERVICE TO UK CONTINENT S>M PIN 23/7 24/7 21/7 29/7 M/l M/l 11/1 12/1 19/1 21/1 27/1 29/1 M/ 9 M/ 9 11/9 11/9 21/9 23/9 21/9 21/9 SToa655 words
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Advertisement547 1986-07-22 19 Franco Belgian Services f&j t.. 'I >r.r, h rv u r', t r it Ml cm MM| Oil 7a* MF MRFR OF ALE CONSORTIUM, 17 km *1 tm aim Mlm 24 Mi aim aim IM DM MM MM MM M 12 M DM tSM CHARGEURS HAVRAISE K'EDEX LINE f ~T-T|547 words
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Page 20 Advertisements
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Advertisement277 1986-07-22 20 Hapag-Lloyd TO CONTINENT UK EXPORTS 29/7 31/7 2/1 25/1 10/9 3/9 7/» 30/0 l«/» n/s 13/9 FROM N CONTINENT &UK IMPORTS S«*on *****00 K Iwpw 0 *****71 P. Ktfanf *****00 CFS *****41 Pom* 2205(33 *****25/0/1, *****19, *****49 *****10 *****50 *****7, *****2 *****3 if ZTT7M INTERNATIONAL FREIGHT FORWAROERS CONSOLIDATION SERVICE WEEKLY277 words
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Advertisement593 1986-07-22 20 KSlinf FULLY CONTAINERISED SERVICE TO EUROPE VIA Member ol the Ace Consoftium C. R TOR TO Ml CJt runs M FROM EIIROPF VIA SUEZ 1 A ot ,he #ce Con ,,,u^, C. I PARIS X HONGKONG CONTMO OMEWU am 491 KOREAN MCUN 34E 11)11Y CONTAINSRISED 10 FROM NORTH AMtRICA WfSl593 words
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Advertisement306 1986-07-22 20 ItL Hai Sun Hup Co (Pte) I td TEL *****06 (20 Lines) TLX RS ***** H, RS ***** \m INTERMARITIME LTD I Kfeateki (Sab A«art) M 22ISM Murta (V* Afaat) Tat (7IM REUNION/SOUTH AFRICA SERVICE n at 9 rvn.ni m el ct NESTEM BWESS W9 SM SM SM 25/7 27/7306 words
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Advertisement857 1986-07-22 20 Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) i 1.1 i UN OB RTC ML MS FU Mi Ml UW a/9 M/ 9 11/1 IM IW l(/l IS/1 17/9 2/1 9/9 9/1 11/1 a/1 a/1 a/1 M/l a/1 1/1 11/ l 15/1 17/9 27/1 a/9 «/9 1/19 1/11 IV9 19/9 a/9857 words
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Page 21 Advertisements
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Advertisement722 1986-07-22 21 A PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 I fiHUI i— FAR EAST CONTAINER SERVICE 1 VESSEL OOWA KOTA 3MGA MAJAPAHTT OOWA SEA HAWK KOTA SMOA SKA HAWK SKA VICTORY MAJAPAHTT SIN JKT SKY SIN SM SM SM m PI 28/7 aa/7 *1/7 7/«722 words
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Advertisement511 1986-07-22 21 BENLINE CONTAINERS hmbs commo soma to uk/cortneiit U/» 12/1 14/1 3i/i i/9 in 7/9 1/9 11/9 14/9 17/9 19/9 14/9 29/9 27/9 1/19 2/19 4/19 9/19 19/19 12/19 14/19 17/19 19/19 EXPRESS corn WO SERVICE FROM UK/COHTIOT iiEsoi (KJJEBSEN LINE ■k NEW ZEALAND to kw mum, pvu kw one* FU511 words
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Advertisement419 1986-07-22 21 DJASAGETRI A Joint Europe Sorvtco Of: PS. BJMMTA LL«Y» P.T. BES9H LL9YI P.T. SMMBU MMM P.T. TMCKA LL9YI EXPRESS SEMI CONTAINERSHIP SERVICE SINGAPORE TO EUROPE aw tift n/i »waa 1-1/0 I M/» 27/1 »/l TWHMC 111 M 1-11/» M l/» 11/1 14/1 I t>n IMm rim/Tim irhmi/hmm W* t— yiMßj419 words
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Advertisement389 1986-07-22 21 BOUSTEAD SHIPPING AGENCIES 1* PAGO *13 INK AC IMN PAGAN Vltlll PA-M VMM MTOMATW W7W V* BURMA FIVE STAR (Burmese National Line) Loadhf for Ranfoon Spare v flte( hM| I 29/31 J* 30/31 M 3/5 AMI 1/2 A* 0/11 A« 15/17 km 12/14 lm BANK LINE 9/19 9* WMTWODTOIKC SPORE389 words
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Page 22 Advertisements
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Advertisement1117 1986-07-22 22 r»|,c FELDM *S JOHOK BROS *57 IV LINE —KAWASAKI KISEN KAISHA, LTD. spok rue m spok kok omtaqhl cauao amc* iqhqui ¥«mst« sjhtono v«lpm«bo SW M 22 M 24 M lh| 1 Oct t Oct U Oct 11 Oct CENTRAL SEA fkk* «i M>nn«a wis m spok kok mtjmuo acapuco1,117 words
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Advertisement525 1986-07-22 22 FCL/FCL MHb frm Sr*< Aho Accepts A* 3 Sept 1 Sm* AM/Bre 17 S«®t ?i Sept Sept AM Bra t Oct IS Oct 13 Oct AM/Bns MDU EXPRESS CONTAINER SERVICE Accepting FCL/FCL Sjfipore PKctani 6000 FAfTH M y "10 MW" V27M M M -anawr is 5 3 AHUBA6" KIN |S525 words
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Advertisement641 1986-07-22 22 GOLDEN LINE GUN) GUM SMFPMG (PTE) LID 21 MM hym Start smgwom mm ia uum <u lhs> STRAITS/PERSIAH GULF SERVICE: piw DOMa Crtwrto/Kmifc/«M QMsm Dnb» Mmm mm* KM Cotomtw Onto «nK S pox P Maa|PnM| <a 2* Yjft PT PERUSAHAAN PELAYARAfI T KALIMANTAN WRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK Vtort641 words
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Advertisement525 1986-07-22 22 INTRASEA (PTC) LTD 10 Anson Road »27 1 6 Internat.unH P 0207 Tel *****1 1 f o BREAKBULK SERVICE TO EUROPE/UK PHILITRON SHIPPING AGENCIES PTE LTD TE l 22 ***** (8 I INF S) TEL E RS ***** PHII I hut ia t ra eta rm a/7. 2/1 l/l tt/l525 words
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Page 23 Advertisements
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Advertisement560 1986-07-22 23 NEPTUNE ORIENT LINESOD S p». NEPTUNE AGENQES PTE 110. R EU/MBT JW/SU Id Hi «Mu Imri crs HOMES *****77 *****53 *****42 *****77 2212*22 *****53 Oi MKT IMS *****19 27*111 fm mm mi trafM pKis* erf *****44 MMm| NEPIK SON M. *****87/*****45/*****53/*****26 K Lunpw KPIME SON. M. *****71/*****34/*****35 Pimm NEPUNE SON.560 words
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Advertisement328 1986-07-22 23 HEUNG-A SHIPPING Korean Flag Vessels semi-containerised direct service to P KELANG PENANG. BUSAN. INCHON Ik. Dram/ton M I DM/HM M 7 Own/(MM M. Dm/MM Mm GMy/iMS I lb I 0m«/M7TI TM/MSN (Wtl) M. I DMM/MW S pi*l NIP lII* AGIWIIS PII no Ifl Blv8 l v4'Boofcmpsi /??/•> 10 .Vl>o>.> ????W328 words
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Advertisement568 1986-07-22 23 it SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SMSOV BULDMG 55. Market Street Sinfapore 0104 T«t *****33 (15 lines) Temwal Office: *****41/2 Cable Address SMSOV SMGAPORE Telex Numbers RS ***** RS ***** RS ***** f kelumg poiamg H/S SHAWM RAH SOON SON. BB IST AND 2ND FLOOR. MESSRS HAJ THONG568 words
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Page 24 Advertisements
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Advertisement299 1986-07-22 24 ff REGIONAL CONTAINER LINES TO BANGKOK (5 WEEKLY SAILINGS) VESSEL TUNG Ml MU im THAILAND UM i. i r~T~TB i m nm PTM mi i v aa nra E■■P7M nn m BENGAL BAY CONTAINER EEEDER WEEKLY TO CALCUTTA <CHALNA/CHITTAGONG I,'ES FARYS MARITIME SERVICES SDN BHD ??003 1 DASWANISDN BHD L299 words
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Page 24 Miscellaneous
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Miscellaneous152 1986-07-22 24 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND Wind direction with speed in knots Wave height One halt Heche represents 5 knots R Thunderstorm Temperature c $h ower Weather Wmd direction with speed m knots Roiri v Wave height Cloudy Sky Surface winds ore indicated by orrows152 words
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Page 25 Advertisements
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Advertisement100 1986-07-22 25 MBC AGENCIES K. LUMPUR P. KELANG PENANG P. GUDANG J. BAHARU LEOSMP SPORE BUN LAUT. JKT *****88/*****56/*****41/*****93 *****1/4 TERMNAL *****1/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 *****8/*****5/*****5 *****22 4/*****7 LIILMi FAR EAST/EUROPE CONTAINER SERVICE FROM: EUTOff n m Li if m 11 'i imua iTTM nmum ii i ■rranf 11 nfpy ALSO ACCOTMG FOt:100 words
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Advertisement97 1986-07-22 25 !NTFPNATIONAL TRANSOCEAN {Ml SDN. BHD V COLUMBUS LINE REEDEREI GMBH AStß\i: f Of f fAMf-n JRC,-SI ID 1 [XPRFSS SEMI CONTAINfR SfRVICF 10 CARGOGULF LINE DUBAI, KUWAIT, DAMMAN Weekly La Service Bookings Spore Moc-Nelj A 9 cnc l cs Pte Ltd Td: *****44 (20 Lims) Pt Kelonq Moc Neh (Moloywo)97 words
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Advertisement120 1986-07-22 25 Scan Dutch V TO EUROPE (MEDITERRANEAN-UK-NORTH CONTINENT-SCANDMAVIA) 3) GRANGEMOUTH (SCOTLAND) S) GOTHENBURG 2) RDAM 3) LONDON MMA/23C H MR/24C ■M/ZSC R.O4M/2K I tmk/ZH TO RED SEA-MEDITERRANEAN TO HONG KONG-TAIWAN-JAPAN-CHINA* FEEDER VESSELI PENANG I P. KELANG I VESSEL I SINGAPORE I HONG KONG BUSAN FROM EUROPE LE HAVRE 5) M*SEILLES FEEDER120 words
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Page 26 Advertisements
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Advertisement105 1986-07-22 26 K S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD. 143 Cecd Street U 10 04 GB Bmldioj S pwf 0106 Tel ??19?b5 Port Keljnj Tijj Pma St*pp*U Sdn Bhd Tel 03 *****74 5 Perunj MjU»su hade i Transport lid Tel 04 *****3 Pasir Gudartj Malayan Shipping A|encies Sdn105 words
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Advertisement421 1986-07-22 26 Si K „iy A MitsuiOSK Lines Ltd CONVENTIONAL/SEMI-CONTAINER CLfiO i <"» »w#~i GLORIA PEAK 26 Jul ASTRA PEAK 26 Aufl KRITI GARNET 5 Aug NEDLLOYD MOJI 15 Aug Port Louis. Reunion Port Louis. Reunion Mombasa. Daressalam Mombasa. Daressalam t AFRICAS NOf a jwrnrii AiirwutOA FULL CONTAINER SERVICES SEE MONDAY. WEDNESDAY.421 words
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