The Business Times, 7 October 1986

Total Pages: 26
1 26 The Business Times
  • 13 1 BUSINESS TIMES M.C. (P) No. 192/12/85 TUESDAY, OCTOBER 7, 198 C 75 CENTS
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  • 495 1  -  By AMY BALAN A CUSTOMER facing a hefty auditor's fee might not want to believe it, but accountants really do try and keep down their costs. Proof of this comes in the outcry in the profession against a $50 levy imposed by Chase
    495 words
  • 92 1 Reuter US TREASURY SECRETARY James Baker has denied that US officials met world bankers in Washington last week in an effort to drive down the value of the dollar. He said on Sunday that discussions with delegates at the annual meeting of the World
    Reuter  -  92 words
  • 657 1  -  Creditor banks can appoint whoever they wish as overseer, says lawyer By ELAINE KOH DATUK BRIAN CHANG is prepared to resign as managing director of Promet Bhd, if that is the "sacrificial lamb" creditor banks want, Promet's lawyer said in the High Court yesterday. In
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  • 371 1  -  By LOH HUI YIN THE CHINESE investment game is not necessarily one-sid-ed. Proving that it can flow both ways, a Chinese provincial government company is investing $2 million in a Singapore company. Although the Chinese investment into Regent Oil ft Foodstuff Co
    371 words
  • 223 1 UPI OIL MINISTERS of the Organisation of Petroleum Exporting Countries agreed in Geneva yesterday to establish two small committees to debate individual production quotas and price objectives. Sheik Ahmed Zaki Yamani of Saudi Arabia, the biggest of Opec's 13 members, said his
    UPI  -  223 words
  • Article, Illustration
    64 1 SHAKE PRICES m the Stagapare lUekaarket flitihed •lightly higher la moderate tradlag yesterday. Scattered ameag Wae ehip stoeluT The BT Cempeeite ladex raee MS petata yesterday fee 7M.78 while the Btratt> Times ladastrial ladex elated 3.M point* higher at 819.51. Tatal vetame la creased ta lilt milUaa units
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  • 363 1  -  By CHUANG PECK MING TWO DIVISIONS of the WahChang International group have received support from the Economic Development Board for venturing into technology-based services. Wah-Chang Offshore Pte Ltd (WOFF) was one of a few local companies recently given pioneer service status,
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  • 102 1 UPI BEARS RAMPAGED through the Hongkong stock market yesterday as a long-awaited correction blasted every sector. The blue-chip Hang Seng index plummeted 49.87 points to close at 2,084.93, decisively snapping an eight-session streak of record gains. Volume was lower, but still a healthy HK5905.19 million. The stampede
    UPI  -  102 words
  • Page 1 Advertisements
    • 82 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM ..,)\+%~%&@(;}[^>[=[~/?`{,.{*}; PILOT Hi-Tecpnint Vs NEW Liquid System Transparent window lets you see how much ink you've used up. The jumbo ink tank holds ink to write for more than 2 kilometres, twice the mileage of ordinary pens. There is no drying up, even if
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    • 260 1 mm SHARE INFORMATION MONEY EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE TV ft RADIO OUR VIEW IF A RETURN TO GROWTH sparks a return to rising labour costs which are not justified by productivity, then savings from this year's woge restraint will come to nought. Measures that go beyond wage restraint are
      260 words
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  • HOME NEWS
    • 340 2  -  By LEE HAN SHIH ALMOST HALF of the construction Jobs given out by the government from April to August this year went to building flats. In the first five months of this financial year (beginning April), contractors clinched about $1.26 billion worth of
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    • 141 2 GOVERNMENT DOCTORS will be encouraged to do more research and to keep up-to-date with developments in their field. The Health Ministry and the Science Council are organising a forum on Oct 18 to explain to these doctors how the Research and Development Assistance
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    • 274 2 SlA's new service to Christchurch should turn the Republic into a transit point (or Asian and Western Europe tourists going to New Zealand's South Island. Sir Hamish Hay, the mayor of Christchurch, which is on South Island, said that with the start today of
      274 words
    • 439 2  -  By ANNA TEO THE NEW $3.78 million Kent Ridge Park, now being developed, will be a boost (or fitness buds and nature lovers. Much of the billy terrain and natural vegetation, including an existing lake, will be retained in the 47-hectare park, fringed by
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    • 232 2 AN AND PANYARACHUN of Thailand will be the second speaker in the series of breakfast talks on how Asean countries are coping with the re re—ion The talks are Jointly sponsored by the Singapore Institute of International Affairs and the American Business Council with the
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    • 105 2 IN OUR ARTICLE hwsrtttnml "Boon Swan to appear in High Court today" dated Aug S, 1986, we named Datuk Tan Chin Nam, a director of IGB Corporation and Parkway Holdings, as one of the guarantors to a consortium of banks which had guaranteed the purchase of a
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    • 342 2 Seminars and courses DURATION Oct 11 Oct 13-14 TITLE Statutory Restrictions on Loons, Payments and Guarantees to Directors and Officers Effective Negotiations in China VENUE Boulevard Hotel Boulevard Hotel OUGANtSEt Datasearch Resources Systems Education Centre Oct 13-17 Training Design Singapore Institute of Management Oct 13-24 Management Assistance National Programme
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    • 247 3 SUNNY KANG SEOW PENG has been appointed the treasury manager of Kansallis-O-sake-Pankki, Singapore. Mr Kang, who heads the forex and money market activities of the bank's Singapore branch, has eight years of dealing experience. He is a business administration graduate from the University of Singapore. The bank
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    • 312 3 THE SHORTCOMINGS of Singapore's manufacturers, and the ways in which they might be overcome, will be highlighted in a major symposium to be held here next month. Backed by Business Times and accountants Arthur Andersen Associates, New Singapore Directions in Manufacturing, is
      312 words
    • 321 3 SPICY CHICKEN WINGS may come off the menu at McDonald's, and Big Rooster may have nothing to crow about over its sales of the barbecued variety. But the bird is still flying at Kentucky Fried Chicken, which is opening its biggest
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    • 158 3 THE SELECT Committee on the Legal Professional (Amendment) Bill will be hearing oral evidence from members of the public on Thursday. The hearing may continue into Friday. The controversial bill, introduced in Parliament in August, seeks to introduce changes which define
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    • 390 3  -  By LOH HUI YIN THE HIGH-FLYING yen has prompted Japanese electronics giant Sanyo to add television sets to its growing range of made-in-Singapore consumer electronics. Sanyo's decision follows moves in April to manufacture car stereos and telephone sets here. The latest decision will involve
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    • 454 3  -  By BOEY KIT YIN A PROTEST statement against the US ban on supplies of aquarium fish from Singapore was lodged with the American Embassy yesterday with efforts by local suppliers to have the ban lifted becoming increasingly urgent. All orders from the US
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  • Page 2 Advertisements
    • 241 2 -mm rt Imm r rr.% V >-' > r r l A -4 #S?&* t k V M /> > i n Ar r I V /f n w w T mJw 1 N Ming Dynasty globe shouting earth's mertdians. GLOBAL ADVANTAGES. Doing business with Bank of America opens up
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  • Page 3 Advertisements
    • 46 3 WORLDWIDE EXPRESS Prompt pick up and delivery 24 hours a day Richard Ellis Get the smartest deal for your new office space. Call on our team of professionals: Lee Eng Beng, David Lawrence, Kevin Wong, Hsu Li Fen, Pauline Goh and Lim Lay See. 1 224-8181
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    • 81 3 THE BUSINESS CARD DINERS CLUB CORPORATE CARD WHAT IT MEANS TO YOU: The Company Greater financial control Reduces cash advances $350,000 worth of travel insurance Limited liability up to $125 Flexible enough to suit your system Improved cash flow Fast free replacement Reduces administration costs Prestige Peace of mind from
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  • ASIA-PACIFIC
    • 515 4 Bernama MALAYSIA'S development over the next decade will be centred on export-oriented industrialisation, Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday. He said the country would also accelerate its growth in priority industries selected on the basis of world comparative advantage, manpower development
      Bernama  -  515 words
    • 169 4 AFP JAPAN has pledged to seek ways to boost investments in Malaysia to help its economic recovery, Prime Minister Mahathir Mohamad said yesterday. He said that Prime Minister Yasuhiro Nakasone had promised to consider several Malaysian proposals during a luncheon meeting in Tokyo on Saturday.
      AFP  -  169 words
    • 393 4 Reuter IN THE ANCIENT Japanese board game Go, the player who adopts a defensive stance often turns out to be the victor. Japan's diminutive new Finance Minister Kiichi Miyazawa followed that strategy to perfection at last week's meeting of the world financial community
      Reuter  -  393 words
    • 241 4 Reuter SOUTH KOREAN President Chun Doo Hwan's party has attacked as unconstitutional an opposition demand for a referendum to decide between rival proposals for constitutional change. A spokesman for the Democratic Justice Party (DJP) said: "They know too well that a pre-parliament referendum
      Reuter  -  241 words
    • 489 4 AFP PRESIDENT Cor&zon Aquino has been in office for nearly eight months, but economic barometers suggest the promised economic turnaround that served as the cornerstone of her election campaign has yet to emerge. When Mrs Aquino challenged Ferdinand Marcos in February's presidential campaign,
      AFP  -  489 words
    • 295 4 AFP INDIA has offered to help Zimbabwe and Zambia with transport facilities to continue trade if comprehensive trade sanctions are imposed against South Africa by the West. The Press Trust of India (PTI), in a report prepared by the government-run Rail India Technical
      AFP  -  295 words
    • 249 4 AFP COMBATING soaring unemployment will be one of Vietnam's priorities in the next five years. The Vietnamese Communist Party Journal Tap CM Cong San, in a series of articles on Vietnam's fiveyear plan for 1906-00, said on Sunday that "millions" of Vietnamese were now
      AFP  -  249 words
    • 788 4 ARRIVALS Op* rotw S«o K Lo coi From OL FT SV MAS MAS MAS SIA AC CPA MAS RBA OA SIA SWR SIA THAI SIA SV MAS GIA SIA SIA GIA SIA GIA SIA SIA LUFT GIA SIA SIA SIA THAI THAI KLM CPA GIA MAS MAS
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  • Page 4 Advertisements
    • 55 4 a Korean Air u ide bodiedjet takes off from Singapore bound for Seoul. With ten connecting flights to New York every week, it's a fast and easy way to fly. For full flight details please contact our Singapore office on *****11. v i. r >*v KOREAN AIR VXfc're honored to
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    • 52 4 T The business person's choice, I 3 /I I 3 every Tuesday, Thursday. Saturday I \J I I T and Sunday. Leaving Changi Airport I 3\ 7L V i I \L at 22:00 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent.
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  • Page 5 Advertisements
    • 191 5 passing through london deciding to stay hiring a driver i h M r p j «W 5* »Vl|| IPI a 1 f It 8 (I t f *!U i ir V *V ft, •V s 1+ d* ?v OSf f s r V'" MH n V 2* V K i»
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  • REST OF THE WORLD
    • 457 6 NYT THE US ECONOMY expanded slightly in September and should continue to grow in the next two months, the National Association of Purchasing Management said in its latest survey. In the report, which is one of the first Indications of how the economy performed last
      NYT  -  457 words
    • 376 6 AP US PRESIDENT Ronald Reagan the US "will never know decline" as a world power, in an interview with a Brazilian mag»itne published on Sunday. A*ed by Veja magazine to speculate on whether his country had reached its apex and would begin to decline,
      AP  -  376 words
    • 243 6 Reuter PRESIDENT Francois Mitterrand opened a world conference on energy in Cannes, France, on Sunday with a plea for international cooperation on energy policies. Addressing more than 4,000 participants tram 79 countries at the 13th World Energy Conference, he said: "For a
      Reuter  -  243 words
    • 327 6 Reuter THE European Community (EC) has told the US that tt is ready to cut its American purchases if new "Buy America" are included in defence hills pending in Congress. EC officials said last week that the warning of retaliation was in a letter
      Reuter  -  327 words
    • 334 6 Reuter THE NIGERIAN government's decision to float its currency has forced some of the world's most enthusiastic travellers to stay at home. The central bank began auctioning foreign exchange on Sep 26 and since then, Nigeria's currency, the naira, has fallen by nearly
      Reuter  -  334 words
    • 188 6 AP LATIN AMERICA'S export earnings win decline lor the second straight yesr in ISM, deepening its debt payment problems, a United Nations commission said oe Friday. The losses win offset the US* billion in debt rebel coming to the region this year in
      AP  -  188 words
  • Page 6 Advertisements
    • 209 6 US Mm m s Wk m to the Government and Peopleof the German Democratic Republic on their National Day UNISPEC GROUP UNISPEC SERVICES (S) PTE LTD UNISPEC ADJUSTERS SURVEYORS (S) PTE. LTD. 6001 Beach Road #22-03 #22-04A,Golden Mile Tower, Singapore 0719. Tel: 296 5496 (3 lines), 298 1490 (IDD) Telex:
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    • 76 6 11(0 UL m Government and People of the German Democratic Republic on their National Day MAP PACIFIC SERVICES CHAN CHEK CHIEW 186, Choa Chu Kang Road, 18 Km. Singapore 2368. Office Tel: 760 0314, 760 0316. Telex: RS ***** MAP. m il Y» to the Government and People of the
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    • 93 6 to tht Government and People of the German Democratic Republic on their National Day C.C.S. TRADING PTE LTD Office Showroom: 13A, Cecil Street Singapore 0104. Tel: 225 1084 Sole agent of IMmw Porcelain andLeadcryeM Lautftzer Leadcrystal t.t m rS ysst, £9. ffiiW wmmw s to the Government and People oi
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  • Page 6 Miscellaneous

  • WORLD BACKGROUND
    • 1042 7  -  Sultanate among small nations caught in crossfire of Iran and Iraq By BRIAN GOMEZ OMAN'S northernmost naval base Is cradled In the fjord-like structures of the Musandam region, separated from the rest of the sultanate by part of the United Arab Emirates
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    • 774 7 AP THE US DOLLAR'S big plunge against foreign currencies Isn't such a big plunge after all, according to a new consensus emerging among American economists. The much-touted cheaper greenback was supposed to be American-made goods more competitive against foreign products,
      AP  -  774 words
  • Page 7 Advertisements
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  • FREATURES
    • 456 8 IF A RETURN to growth sparks a return to rising labour costs which are not justified by productivity, then savings from this year's wage restraint will come to nought. Measures that go beyond wage restraint are necessary to assist the printing efforts to prevent labour costs from
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    • 1439 8  - Finland: Surprisingly warm Finland is to far North that not many people are familiar with how the Finns work, play and govern themselves. CHUANG PECK Ml NO talked to economists and government leaders in Finland recently to find out what makes the country tick. CHUANG PECK MING FINLAND almost immediately
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    • 766 8 and always looking further East DARK GREEN TREES lined both sides of the road leading from the airport to downtown Helsinki, the capital o( Finland, spreading out as tar as the eye could see. Dense forests, in fact, cover almost two thirds nf the country that is 338,000 square kilometres
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  • Page 8 Advertisements
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  • Page 8 Miscellaneous
    • 650 8 CRYPTIC PUZZLE ACROSS 3 The quofcty of certain students (5) 8 An understood brve m <fcptomocy (5) 10 Escape with a support* (3, 2) 11 Mod* some bad, ugly holes? (3) 12 Originated, e.g., during ProNbrhoo (5) 13 Father starts os favourite (7) 15 Watery seat of wartime government (5)
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  • SPORTS
    • 428 9  -  By WALTON MORAIS WIMBLEDON Junior semi-final-ist Zeeshan All's entry to the DHL Singapore Open grasscourt tennis championships next month is threatening to ensure that India will again provide the talking point in the pre-tournament build-up. Last year, India's Enrico Piperno, with a 402 world ATP ranking
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    • 282 9 AFP THE 13 CHALLENGERS for the America's Cup yesterday settled into a routine of almost daily match races to choose the boat that will meet the Australian defender next February. Dennis Conner's Stars and Stripes, Britain's White Crusader, New Zealand and French Kiss all
      AFP  -  282 words
    • 670 9 Reuter GREG NORMAN of Australia capped a lucrative four-week excursion into Europe by holding off a late rally from Sandy Lyle of Britain to win the world matchplay golf championship for the third time on Sunday. But Norman said he would not be returning to Wentworth,
      Reuter  -  670 words
    • 320 9 AFP YET ANOTHER sorry chapter was added to the continuing decline of Asian hockey in Wlllesden, England, on Sunday when the TfuHmm were the victims of the second major upset of the 1966 World Men's Hockey Cup. The 1960 Olympic champions followed fierce
      AFP  -  320 words
    • 466 9 AP SOUTH KOREA has passed the test of staging the 10th Asian Games with high marks and has pledged to do an even better job when it plays host to the Olympics in 1968. The games proved to be one of the largest and grandest
      AP  -  466 words
  • Page 9 Advertisements
    • 117 9 Singapore London 2 Property Investment Exhibitions To Be Held Together in Singapore... 1) Singapore Property Exhibition 2) London Residential Exhibition Venue: 7th Bth October 86 Sheraton Towers, Scotts Road Singapore Time :10 am to 8 pm Jointly presented by: OEBENHAM TEWSON CHINNOCKS OEBENHAM TEWSON CITY VALUERS PTE LTO For More
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  • Page 9 Miscellaneous
    • 1282 9 to m mm Opening and Programme Highlights followed by Debates (4th Quarter The Daybreakers 1040pm, Channel 5 The story begins in Tennessee with a feud between the three Sacketts brothers and a rival clan, resulting in the brothers' migration to the West. They meet many people and encounter numerous adventures.
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    • 178 9 Play golf the Sevvy way v** TYPE OP BALL YOU CHOOSE /5 IMPOATA/YT. BASICALLY THEXE APE TWO GAAt*£S OP BALL. Tue 90 COMPRESSION A/vt> be too compp£ss*on THE OV£ THAT ISP/GHT POP YOU. OEPENOS OV HOY HAAt> YOU HIT THE BALL. TUB tOO BALL »S the pro-ball ANO WOULD NOPMALl
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  • RAW MATERIALS
    • 339 10 Reuter INDONESIA, desperate to make up for declining oil revenue, hopes to end a price wrangle with Japan next month so as to clear the way (or large gas sales to Asia. Indonesian energy officials said on Sunday they expected Jakarta
      Reuter  -  339 words
    • 454 10 COFFEE Robusta futures yesterday finned at the midday call to trade unchanged from Friday and near their highs. Second position January closed the midday call at £2,185 per tonne, unchanged from Friday. Volume was 1,692 lots with 572 crosses. SUGAR Raw sugar futures remained neglected throughout the morning,
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    • 65 10 Bangkok (USS/tOMM. FO«) White Rice 100% 1st closs 255 100% 2nd class 220 100% 3rd doss 215 5% 10% 15% 205 200 195 20% 185 25% 175 35% 175 Broken Rm A-1 Supor A-1 Special C-l Special C-1 3rd 128 125 unq unq Loonzom Rice 100% 1*t grod* 100%
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    • 280 10 Reuter MNOARORE The market yesterday closed slightly lower with November One RSS buyers quoted at 185.25 cents per kilo, down 0.25 cent from last Friday. The morning session gained 0.75 cent on some short-covering of nearby positions in light trading. The afternoon market displayed a weaker tendency due to
      Reuter  -  280 words
    • 334 10 KAb prices ■sc«NnAf > fot«ki ■lot MOON CLOSI N 1 RSS Prompt 166 00 I87.00N 185 25 186.2SN bit 1 RSS Nov 86 166 25 186 75 185 25 185 75 bit 1 RSS Doc 86 I87.2S 187 75 186 25 ***** bit 2 RSS OP 160.50
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    • 75 10 Reuter IN QUIET TRADING, the tin prtee en the Heals Lumpur Tin Market (KLTM) jmMij eased by mm Mat from last Friday to eieee at Mf14.1l per Ule. Tbe esarket foil slightdue. Tke lever level at* treated streag Mds ef 1M teaaee trem Earepe, Jawi aai leeal later
      Reuter  -  75 words
    • 65 10 Rotxsto 20/25% FOB NSW 575.00 Nutmeg 110 FOB NSW 1405.00 BWP FOB NSW 1289 00 Gombitr FOB NSW 330.00 London Commodity Exchange S«hn' do—>a pricw m Oct S (US$/toiy CIF IwiM" itufd) parti, mIm ortunrM P«PfMT (Sarawak) Foq, spot 6400 Whit* toq, afloat «nn 6400 TOQ Nov/Doc 6400
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    • 94 10 (COTtt/k*. 1-+W P> ,a H) NOV 86 mm m mm A DEC 86 icurrem monmj NOON vTorwora monTn/ NOON RAS lay* ScMtvt S4M SSR 20 171 00 I73.00N 172 00 174 00N SSR 50 ***** 170.00N 169 00 171.OON MRELB B>iwi StHtri 8wyw» S||m SMR CV *****
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    • 109 10 OIL PRODUCTS THE FAR EAST petroleum market remained generally stable yesterday except (or changes in gasoil and naphtha. Gasoil firmed up slightly while naphtha weakened slightly in line wttn the United States and traders' scepticism that Opec will succeed in reaching concrete agreements on further cutbacks in crude oil Closing
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    • 181 10 MALAYSIAN crude palm oil prices closed higher yesterday on covering and speculative buying, further extending the gradual rebound in prices, prompted by the firmness in palm oil futures. Dealers said the market was uncertain initially following a lower Chicago soyoil futures close last week. Interest remained confined to
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  • Page 10 Advertisements
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    • 139 10 an h > V/e earnestly suggest you take afternoon refuge in our $4, one price menu of 24 local and western favourites. All at hawker prices in air-conditioned comfort from 3pm to J= 6pm daily. f ~38 The minute you Jb feel the rumbles, I head for shelter here. I
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  • ASIAN STOCKS
    • 411 11 HONQKONG: Share prices closed sharply lower yesterday on heavy selling in a correction after the market's recent strong gains. The Hang Seng Index suffered its biggest single-day fall since July 1984, dropping 49.87 points to 2,084.93. The Hongkong Index was off 30.32 at 1,316.24. Brokers said the correction was
      411 words
    • 285 11 OCT 06 NT 1 1 Af Sincara Indus Ana Cmw* Cathay Com Chang Hwo Bank Chang Loong Chio Hun Camant Chin Hun FVx* China Cham Oano Da* China Elact Wira China <*M Has China Ratoar China Stoat Chung Mora Puip Chung Shing Tax Far Eo»t Dapt I 60 24
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    • 475 11 TOKYO: Shares closed lower in extremely quiet speculative trading yesterday as most investors took to the sidelines with eyes on Wall Street. The market average lost 171.12 to 17,435.33. During last Saturday's half-day session it surged 366.23, its second steepest advance, following the 505.92 gain on Aug 25. Turnover
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    • 130 11 OCT 06 We* OMi Sugar 1900 unch Doefcm Ind 577 12 Oa«woo Corp 1055 -4 Do*woo Heavy 1350 •16 Daahm Securities 2580 180 Dong Ah Phor M0 -2 Dong Sah Stock 1490 70 Dongbu Steel Gold Star 1650 1740 9 .1 Hani Bank 860 -2 Hani Cement 1150 unch
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    • 457 11 SYDNEY: Share markets closed at record levels in active trading yesterday, with the All Ordinaries Index breaking the 1,300 mark for the first time. Brokers described trading as very firm with continued strong demand for gold and other metal stocks. Both the All Ordinaries and Gold indices pushed on
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    • 143 11 OCT 06 Mm Ao Kham Thai Aim ftxt Ayudhyo Investment... Bangkok Aground Bangkok Bank Bank Of Ayudhya Choroong Thai Wire 144 186 36 75 217 136 287 72 1 05 -4 unch unch Datamat Duvtam East Asiatic Foremost T neilond 209 428 19 20 Industrial Finance Coip Intl Cosmetic
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    • 132 11 Reuter WORLD International (Holdings) Ltd will acquire a 55.6 per cent stake in Lane Crawford Holdings Ltd from Hongkong Realty A Trust Co Ltd for HKJ691.9 million cash. World International will buy from HK Realty 12.72 million Lane Crawford "A" shares at HK$22
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    • 402 11 Reuter DAIWA SECURITIES America Inc has become the first Japanese securities firm to manage an issue in the US corporate debt market. Daiwa follows the lead of ÜBS Securities Inc, the US unit of Union Bank of Switzerland, which until Sep 30 had been the
      Reuter  -  402 words
    • 262 11 Reuter SUMITOMO Life Insurance Co has opened a representative office in Frankfurt, attracted by a growing interest in diversifying investments further into mark assets. Sumitomo Life is the second large Japanese insurer to set up office in the West German city after Nippon
      Reuter  -  262 words
  • Page 11 Advertisements
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    • 204 11 Plan Your Escape to Paradise with Trader Vic's TRAMRVKI Trader Vic's Castaway Card gives you the chance to win two air I tickets to the fabulous i Maldive Islands. j To qualify for the lucky draw collect your JsjMg Castaway Card from A Trader Vic's today. HUfi leverage entitl&\. you
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  • BANKING AND FINANCE
    • 413 12  -  By SOH TIANG KENG Financial Correspondent DBS BANK is the largest among the nation's local banks. But Oversea-Chinese Banking Corporation is the most profitable and Far Eastern Bank the best performer in terms of return on investment. These latest rankings, based on
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    • 478 12  -  By ALVIN TAY THE FINANCE Houses Association of Singapore (FHAS) has drawn up a proposed set of rules and bye-laws which aims to standardise trade practices and operational procedures among its 34 members. BT understands that a copy of the proposed guidelines comprising three sections has
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    • 273 12 Reuter PRESSURE of time had been the reason Swiss Bank Corp bowed to pressure from US banks to agree to US$6 billion of new loans for Mexico. Managing director Franz Luetolf said this was why the idea of an interest rate
      Reuter  -  273 words
  • MONEY AND EXCHANGES
    • 668 12 Reuter SINGAPORE: The US dollar yesterday extended its earlier weaker trend against most major currencies in thin late trading on some European selling. The dollar weakened to a late 1.9940/50 marks from an early 1.9990/2.0000 and New York's 2.0045/55 close last Friday. It eased to a late 153.90/154.00
      Reuter  -  668 words
    • 210 12 EURODOLLAR futures yesterday gapped up strongly at the opening after the bullish closing in Chicago last Friday as the market on a cut in the discount rate after the poor US unemployment figure. However, as US treasury bond prices did not pick up further in Tokyo, the rally fizzled
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    • 227 12 Interbank rates at 3pm yesterday: Locol dollars to on# onvt of curroncy: Mtf ONor t sroee portty US dolor Sterfing pound Australian dolor NZ dolor Caoodkm dolor 2 1695 3.1186 1 3765 1.0988 1 5644 2 1705 3 1222 1 3782 1 1015 1 5677 2.8196 ***** 3
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    • Article, Illustration
      244 12 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at easier opening levels in quiet afternoon trading. Short-dates were slightly lower initially but remained unchanged in subsequent trading. Overnight, Tuesday/Wednesday and week fixed closed at a common 6 5-7/8 per cent. Asian dollar CD rates closed steady at lower opening
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    • 116 12 THE OVERNIGHT rate on the Singapore interbank market closed at 3 1/4 per cent yesterday, down 1/4 point from Friday. The one-month rate rose 1/8 point while the two- and three-month rates each rose 3/16. S$ Interbank rates at 7pm yesterday: Offer M £flht 3 1/4 3 1-fnontti
      116 words
    • 454 12 HONGKONG: Gold ckioed higher yesterday at US$435/US$436 an ounce compared with Saturday'» close of US$433/US$434. On the local market, the metal finished up HKI2O at HKKOI7 a tael. The Krugerrand rose HK$3O to HK53.360. But the Maple Leaf was off HK$4 to HK53,490. TOKYO: Yen-denominated futures closed narrowly mixed
      454 words
  • Page 12 Advertisements
    • 206 12 m w the real ...from the men who orchestrated the success stories of the last decade and built corporate giants like AT T, Sears Roebuck, Westinghouse Electric, etc "VIEWS FROM THE TOP" is a hardback book of how the top men of American industry won their success. It is available
      206 words
    • 65 12 TAN CHONG TOWER SERVICE APARTMENTS 15 QUEEN STREET 'An ideal location for your short slay in Singapore' weekly basis Within CBD "telephone, TV, air-con, oooket fridge. knchenware. household linen and housekeeping available Telex, secretarial and laundry services available Covered car park 24-hour security Types available: Studio 5350 Weekly 1-bedroom 5420
      65 words

  • SHARE INFORMATION
    • 4182 13 BUYING SUPPORT for blue chips was Instrumental in helping most share prices on the Singapore stock market to close slightly higher yesterday. The BT Composite Index, up 4.96 points at midday, rose 5.13 points to 704.78. The Straits Times Industrial Index put on
      4,182 words
    • 234 13 SINGAPORE Rises Indteaa Oct S Oct U«d Malacca 416 +86 rr .11 6*9 *5 704.78 ICS 675 25 «T Wot* ***************1 DBS 860 +20 rroB/os -in -SI FAN 845 +15 rr CAW -6764 -6806 F€LS 396 +12 BTOBV -***** -***** SPH 805 +10 ST In <iiiii ii.li
      234 words
    • 3602 13 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number at shares traded shown in brackets In lots at 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,602 words
    • 71 13 DUNLOP MALAYSIAN INDU8TBIK8 Berhad: 25th AGM at 4 Jalan Tandang, ***** Petaling Jaya, Selangor, on Oct 11, at #.30 am. THE HONGKONG LAND COMPANY, UariM: EGM in the Connaught Rooms of The Mandarin Hotel, Hongkong, on Tuesday, Oct 14, at 10am. THE AYEE HITAM PLANTING SYNDICATE Betted: 75th
      71 words

  • COMPANY NEWS
    • 521 14 SAPURA HOLDINGS, the controlling shareholder of Malayan Cables Bhd, has successfully placed a block of six million MCB shares with institutional investors. The placement was made through a London-based stockbroking firm. A statement issued by Sapura Holdings did not identify the stock broking
      521 words
    • 108 14 Reuter NEW WORLD Development Co Ltd has (ailed in an attempt to place 100 million new shares at HKJB.2O each with institutional traders last Friday. Fund managers said they rejected the offer because the issue, amounting to 9.2 per cent of
      Reuter  -  108 words
    • 68 14 PARKWAY HOLDINGS has been asked by the SES to disclose the consideration for its proposed acquisition of a 60 per cent stake in PHIL Inc of Florida, USA, by the company and Lee Hing Development Ltd. It is also required to give the estimated cost of the
      68 words
    • 518 14 SHARE PRICES were traded lower across the board at the Kuala Lumpur stock market yesterday on further bad corporate news. However, selective Sin-gapore-based counters went against the general trend and recorded gains. Reports that three firms had filed suits against
      518 words
    • 363 14 THE SALE of BTR shares has helped to reduce Pegi Malaysia's bank loan by more than half, which at the year ended March 31, 1986. totalled some Ms 37 million. This was disclosed by managing director Phoon Ah Lek at
      363 words
    • 268 14 AFP HONGKONG'S new stock exchange was officially opened by the territory's Governor Sir Edward Youde yesterday, five mnwtha after it unified the territory's four exchanges and began trading. The colourful opening ceremony, attended by representatives from major International stock markets, came after last Friday's record high
      AFP  -  268 words
    • 2027 14 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares trailed shown In brackets in lots of 1,000 units unless otherwise specified. MUSTRULS Ai.aa.oof (3006 3045) (I) 300 alcom (595) (5) 58
      2,027 words
    • 103 14 HONGKONG All Industriots Hongkong Inbox Monday 2027.9 Friday 2014.4 Monday 1316.24 Week ogo 1971.0 Fridoy 1346.56 Week ago 1298.97 NEW YORK Hong Song Indox Dow Jonos Monday 2064.93 Friday 1774.18 Fridoy 2134.00* Thursday 1781.21 Week ago 2064.30 Week ago 1769.69 TOKYO Stondord Poors Nikkoi Avorogo Friday 233.71 Thursday
      103 words
    • 263 14 Monogan' pricas MARA-Bumiputra for Oct 7 F*V B'putro Second B'putro 4 83 4 88 4.41 446 Singapore Unit Trust Third B'putro Fourth B'putro Fifth B'putro Sixth B'putro S«v«nth B'putro (A) 342 347 3 90 3 95 Th* Commtfct o w u» 2.47 252 Th* Soinngi 0.79 0.85 0
      263 words
    • 296 15 REACTING to a report that Bumiputra Malaysia Finance (BMF) has granted a loan to Sri Hartamas Investment (HK) Ltd, publicly-listed Sri Hartamas Corp Bhd yesterday said it was not in anyway involved in the loan and/or the suit by the Hongkong deposit-taking subsidiary of
      296 words
    • 977 15 Current E« dot* Books dose Date poyobie Totol for the year Totol for lust yuor A B N 13*%l Aug 19 NYA NYA 13*% 27% Amol Stool 8%TE(b) NYA NYA NYA 8%TE 8%TE Asiatic D«v 2%l Oct 3 Oct 15 Nov 22 2% 5% Avar Hitam Rub 1596(b)
      977 words
    • 123 15 TAN KOON SWAN's appeal against his two-year sentence will be heard next Thursday. The date was fixed before the High Court yesterday. He will be represented by Mr Peter Yap and Mr M Karthigesu. Tan was sentenced to two years Jail plus
      123 words
    • 565 15  -  By CHAN Ol CHEE CASH CALLS sweetened with transferable subscription rights, or TSRs, are in vogue. At least two companies in the past week have proposed to raise funds through this combination. They are Chuan Hup Marine, which is raising $60 million through a
      565 words
    • 502 15 Bernama THE HIGH COURT in Kuala Lumpur yesterday reserved Judgment on an application by Promet Bhd and its subsidiary companies to suspend an order requiring the companies to go into receivership. Justice Abdul Razak Abu Samah also reserved judgment on another application
      Bernama  -  502 words
    • 173 15 A GROUP of banks has begun a High Court action in Hongkong against Conseng Services Ltd, an affiliate of the troubled Promet group. The hearing is scheduled for today before Justice Rhind. According to the South China Morning Post, four banks Manufacturers Hanover Trust,
      173 words
    • 128 15 TRANSMARCO LTD has been asked by the Stock Exchange of Singapore for details on the restructuring of its interests in the Cartier and Piaget agencies. Among others, the company is being asked to explain how the $6 million purchase consideration to be paid by new Joint-ven-ture company Les
      128 words
    • 574 15  -  By NAJEEB JARHOM HIT BY THE TIN CRISIS, Straits Trading has stepped up its policy of liquidating some of its huge portfolio of long-term investments in order to shore up its results. The cash-rich group, which boasted of total investments with a book
      574 words
  • Page 14 Advertisements
    • 531 14 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 185 PURSUANT TO SECTION AND IN THE MATTER OF SIN TAI ENTERPRISES (PTE) LTD At an Extraordinary General Meeting of the above named Company duty convened and held at 6001 Beach Road, #12-01 4 12-11 Golden Mile Tower. Singapore 0719. on
      531 words
    • 497 14 IN THE MATTES OP THE COMPANIES ACT (CHAPTER 185) AND IN THE MATTER OF 1 .•m i i kLM» Kin PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) AT An Extraordinary General Meeting of WHOLESALE TRADING SING PTE LTD duly convened and held at 257 Selegle Road, #14-279 Selegle Complex, Singapore 0718
      497 words
    • 494 14 IN THE MATTES OF THE COMPANIES ACT (CHAPTER US) AND IN THE MATTES OF VEBBI INVESTMENTS PTE LTD (IN MEMBEBS' WINDING-UP) AT An Extraordinary General Meeting of VERSI INVESTMENTS PTE LTD duly convened and held at 257 Selegle Road, #14-279 Selegle Complex, Singapore 0718 on the 30 September 1986, the
      494 words
    • 69 14 INTERNATIONAL TRUST FINANCE LIMITED (Incorporated in Singapore) Pursuant to article 32(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company as at the end of the third quarter of 1986, beneficial ownership of the issued capital of the Company by
      69 words
    • 10 14 Training improves your Let BT show you how every Wednesday.
      10 words

  • Page 15 Advertisements
    • 99 15 People have been asking "Where's Bibi's?" They must have heard about our new a la carte menu (for lunch and dinner) offering over 50 Peranakan specialities. Or about our daily $5 budget lunch (on weekends, the buffet's on for $10 per person). And that now Bibi's has a three-piece string
      99 words
    • 97 15 MOTEXHA ASIA 86 IST INTERNATIONAL FASHION TRADE FAIR IN SE ASIA CHILDREN'S MEN'S AND WOMEN'S WEAR ft EABRICS ME TEXTILES "5 HION CESSORIES V T l !<• K r<Jr -'li V r\ s 9 5 7 -gv -> Si V T» »v\ <*•? MOTEXHA ASIAB6 Make your next buying at
      97 words

  • 472 16  -  By ALVIN TAY THE ECONOMIC RECESSION may have sent local prime lending rates to a 26-year low, but it also resulted in banks trimming their credit lines to borrowers by $2.6 billion during the first seven months. One major (actor contributing to the substantially lower
    472 words
  • 172 16 Reuter NEW ZEALAND'S gross domestic product should begin to expand next year and growth should accelerate to about 4 per cent a year by 1990, the country's private Institute of Economic Research (NZIER) said yesterday. In its medium-term review, NZIER said unemployment
    – Reuter  -  172 words
  • 86 16 AP Reuter WHEN GENERALS MEET, talk of things military is bound to sriss. It was no surprisa than that whan Singapore's armed forcas chief of staff, Major General Winston Choo (right), yeaterday paid a courtesy call on Indonesian President Suharto (second from left) a former general himself bilateral
    AP; Reuter  -  86 words
  • 145 16 Reuter THAILAND'S strong exports and windfall savings from cheaper imported oil will reduce its trade deficit to about 24 billion baht this year from 61.7 billion in 1985. The Commerce Ministry said yesterday that exports, led by expansion of the fishing and manufacturing
    Reuter  -  145 words
  • 132 16 AP INDONESIA'S exports rose by 2.1 per cent to US$ll.O5 billion during the first seven months of this year, compared with the same period last year. Bank Indonesia said yesterday that oil, including crude oil and oil products, and liquefied natural gas (LNG) bad accounted for
    AP  -  132 words
  • 150 16 Bernama MALAYSIA and Indonesia need to undertake greater coordination to maintain reasonable prices for their common primary commodities, Malaysian Deputy Foreign Minister Datuk Abdul Kadir Sheikh Fadzir said yesterday. They also need to impose some form of discipline on their private sectors to achieve
    Bernama  -  150 words
  • 220 16 AFP AN AMBITIOUS railway network project to link Jakarta to its suburban areas has run into trouble as the government is unable to come up with its share of the cost. The project, the Jabotabek transit system, was originally scheduled for completion in 2002. It
    AFP  -  220 words
  • 416 16 Bernama A STEERING COMMITTEE has been set up to compile a list of all contractors operating in Malaysia to ensure that 30 per cent of contract work given out by the Works Ministry to locals goes to bumiputras. Malaysian Works Minister Datuk S
    Bernama  -  416 words
  • 451 16 THE LEGAL BATTLE being fought by the Asian Wall Street Journal against the expulsion of its two reporters from Malaysia is to go to the country's Supreme Court. An appeal against the verdict of the High Court that it could not interfere
    451 words
  • 111 16 Reuter PRESIDENT Chun Doo Hwan said in an unprecedented newspaper article yesterday that South Korea's future would be determined in 1988, when the country stages the Olympics and he steps down. The article, in the pro-gov-ernment Kyunghyang Daily News, praised South Koreans for successfully holding
    Reuter  -  111 words
  • 86 16 Reuter COMEX GOLD FUTURES firmed on early buying yesterday by European traders, which was encouraged by the dollar's losses before profit-taking emerged on expectations of lower energy futures on the New York Mercantile Exchange. Gold for delivery in Decem- ber still held a gain of US$2.5O
    Reuter  -  86 words
  • 66 16 Reuter WALL STREET stocks moved lower in moderate trading yesterday, continuing a decline of the previous session. Uncertainties about the economy and corporate earnings made it difficult for stocks to make a strong recovery from the early September sell-off. The Dow Jones Industrial Average fell three points
    Reuter  -  66 words
  • LATE FILE
    • 40 16 UPI CHINESE and Soviet negotiators began a ninth round of political normalisation talks in Beijing yesterday amid signs that Moscow was willing to discuss Beijing's longstanding demand far the removal of "three major obstacles" to better relations.
      UPI  -  40 words
    • 59 16 AP US Defence Secretary Caspar Weinberger arrived in Hongkong yesterday for a one-day stopover at the beginning of an 18-day tour that will take him to China, India, Pakistan, Italy and Britain. While in China, Mr Weinberger will review progress in the Sino-US military relationship
      AP  -  59 words
    • 40 16 Bernama THE MILITARY pressure on terrorists of the banned Communist Party of Malaya along the Thai-Malaysian border is likely to succeed soon, according to the commander of the Thai Fourth Army Region, Lt-Gen Wanchai Chitjumnong. Beraa-
      Bernama  -  40 words
    • 60 16 AP FORMER Philippine President Ferdinand Marcos has asked a federal Judge in Honolulu for permission to sue the Philippine government for at least US$lO million. Mr Marcos has contended that the Philippine government is keeping him in the US against his will, seizing his property,
      AP  -  60 words
    • 36 16 UPI A SOVIET nuclear submarine, crippled by fire and an explosion which punctured its hull, sank in the Atlantic Ocean about 1,000 km north-east of Bermuda yesterday, Pentagon officials said. UPI
      UPI  -  36 words
    • 44 16 AFP GURKHAS, considered to be some of the toughest soldiers in the world, are deserting the Indian Army in the wake ot a campaign (or a separate Gurkha state In eastern India, Calcutta's The Statesman said yesterday. AFP
      AFP  -  44 words
    • 33 16 AP BANGLADESH President Hussain Muhammad Ershad has banned all opposition activities against the Oct 15 presidential election, which he says was called to establish a constitutional government. AP
      AP  -  33 words
  • Page 16 Advertisements
    • 341 16 Computer Charting Service for Local Stock Market Analysis Join the major brokerage firms, banks •Pwni Figure Charts*Bar ("harts® QU 225" 1594/5 tor a and diversified institutions in subscn- Overbought"/ Oversold Indicator* hjndv(>n bing to the most advanced Computer Moving Averages simple weighted Charting Service for investment analvsis and exponentiai*On Balance
      341 words
    • 8 16 Malaysia to bank on •xport industry, Paga 4
      8 words
    • 166 16 Opposition domond 'unconstitutional', Pago 4 orchardOhotel 44 J OrchanJ Road Sinoporr 092J Tel: 7****** AMPLE PARKING SPACE m kJ M v 9* A cosy corner, good food and music that set an informal mood. At Blooms, the style may be gracious dining but the mood's refreshingly informal. With our strolling
      166 words
  • Page 16 Miscellaneous
    • 53 16 wMm Outlook: Showors oxpoctod ovor o fow oroos in th« morning. Report for 24 hours prior to 7.30pm on Oct 6 at tho airport: Maximum tomporoturo 30.5 A»ociotod humidity 65 Minimum tomporoturo 23.5 Aasociatod humidity 98 Hours of sunshine 6.45 Rainfall in mMlimatras 8.9 Rainfall this month 62.8 Rainy days
      53 words

  • SHIPPING TIMES
    • 133 17 Seatrade Week THE US MARITIME Administration has invited interested parties to comment on an application by American President Lines (or approval to insert midbodies in three of its vessels at a foreign shipyard, while maintaining operating differential subsidies. The potential controversy stems from the
      Seatrade Week  -  133 words
    • 147 17 Reuter MARINE MIDLAND Bank and Bank of Montreal, two creditors of the ailing Wah Kwong Shipping and Investment Co (Hongkong) Ltd, have agreed to release two of the group's ships, a Wah Kwong statement said. The banks also signed to participate in
      Reuter  -  147 words
    • 331 17  -  By LINDA CHEE PACIFIC International Lines is starting a semi-container service from the Far East to West Africa this month. Cargo will be loaded at Bangkok, Hongkong and Singapore for Matadi, Douala, Lagos, Cotonou, Lome, Abidjan, and Dakar. However, in any one voyage,
      331 words
    • 296 17  -  By SHAHRIR ARIFF FORTY Mercedes Benz and 26 Seat cars were among the 4,100 cars and other heavy machines carried by Nosac Express on its maiden call to Singapore last Thursday. The Porsche-powered Seat cars were the first batch to be shipped
      296 words
    • PORT SIDES
      • 101 17 Reuter SHIPPING movements in the main Victorian ports of Melbourne, Westernport and Geelong began returning to normal last weekend after an industrial dispute, the Port of Melbourne Authority said. The week-long series of rolling bans and limitations by seamen and deck officers over a possible
        Reuter  -  101 words
      • 74 17 A FIRE aboard the 14,334-gross-ton Liberian bulk carrier August Star in the Gulf is being brought under control, Lloyd's of London reported. The firm said that three tugboats, one of them a firefighter, were alongside the August Star on Sunday. The bulk carrier was attacked 16
        74 words
    • 1365 18 ATLANTIC bulk carrier rates on the London shipping freight market settled slightly in rather subdued voyage fixing on Friday. The El Amaan (or instance accepted US$7 (fio) (or a 60,000-ton Oct 18-28 grain shipment from the US Gulf to Holland or Belgium. Little grain voyage fixing was reported
      1,365 words
    • 514 18 AP GULF COOPERATION Council defence ministers ended two days of secret talks on Sunday on a collective strategy for defence against escalating Iranian air raids on oil tankers in their sea lanes. Kuwait's Defence Minister Sheik Salem Al-Sabah said the meeting "concentrated on
      AP  -  514 words
    • 206 18 LONDON SPECIALIST shipbroker Genchem Chartering has established a new office in Hongkong to capitalise on increasing movements in the Far East. The new Far East office headed by Sheila Lawrence will be involved in broking services for liquid chemicals, liquefied gas and dry bulk
      206 words
    • 700 18 AB Shpg V 5 Accord Shpg VI 3 Afea Line VI 3 Altrons VI 3 Anro Service IV 2/3 ANL 1 1/2 APC Line V 4 APL IH 2/3 ASCL IH 1 Bait-Canada Line VI 4/5 Bait-Orient Line VI 4/5 Bank Line V 5 B8S 1 4/5
      700 words
    • 338 18  -  Kingsley Wood FOLLOWING repeated reCsts for research assistance, Australian Maritime College at Launceston, Tasmania, has established a consultancy Sy, AMC Search Ltd, to advisory research and services for the maritime and fisheries industries. In the first six months of operations it generated a turnover
      338 words
    • 139 18 Fairplay THE French secretary for maritime affairs, M Ambroise Guellec, has refused to approve the proposed takeover of Chargeur Reunis from its parent Chargeurs SA by Compagnie Generate Maritime for the nominal sum of one franc. Mr Guellec said the project was premature as CGM
      Fairplay  -  139 words
    • 176 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 AMRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      176 words
    • 179 19  -  -Byl Kingsley Wood AUSTRALIAN NATIONAL Line has sold the 16,300-dwt bulk carrier, Lake Barrine, last of four Lake ships built in Japan during the late *****. No sale price has been given but the ship is going to Singapore for continued trading. The Lake
      179 words
    • 640 19 NYT THE US House and Senate are close to an agreement on legislation that would provide (or dams, ports, inland waterways and other maior water projects costing as much as US$l6 billion. Senator Daniel Patrick Moynihan, one of the Senate negotiators, said
      NYT  -  640 words
    • 422 19 Lloyd's List THE HEAD of the Spanish Association of Shipowner's (ANAVE), Mr Fernando Casas, has appealed to the Spanish government to help the shipping industry with its chronic debt problem. Mr Casas claims that the Spanish shipping industry is being
      Lloyd's List  -  422 words
    • 80 19 Reuter TAIWAN plans to spend about US$3BO million on constructing and repairing more than 90 fishing ports in the next seven years. A spokesman for the Council of Agriculture said yesterday several new ports would be built and about 80 existing ones repaired to cope with
      Reuter  -  80 words
    • 303 19 AFP THE TANKER trade last week turned its attention to the meeting of ministers from the Organisation of Petroleum Exporting Countries (Opec) in Geneva from Oct 6, where a two-month production cutback deal will come under review. In nervous conditions, rates suffered from the abundance of tonnage and
      AFP  -  303 words
    • 186 19 SOME SOUTH Korean shipbuilders are reported to oe renegotiating ship contracts to get a higher price than terms originally agreed upon. London shipping consultants Lev Sychrava Associates said the orders were gained when South Korean yards filled their berths by offering cheap prices. In
      186 words
    • 7505 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.
      7,505 words
    • 745 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival date/time Operator Gdns for LCL cargo FCL movement schedule Location China Cont Ned Delft Maersk Mango Neustadt Hang Glory Prya Bhum Pegasus P HanZhong He Gowo Jeniink Hye Siang Anson Benavon Thai Pailin Jenwel Viro Bhum Tonoh
      745 words
    • 1681 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A—B A Top Enterprises Pte Ltd Some (S) AB Shipping Bousteod Shpg Agencwt Afeo Lute Afncon Shpg Agencies (S) Ahrenkiel Lmer Kim Shpg (S) Alfred C Toopfer Oceonus Sfwpprv gAgencies (S) Multiport Sdn Bhd CPK).
      1,681 words
    • 534 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Bechor KI2 Unipacific alongside 07.10/0700 Clydebank K15 Boustead alongside 07.10/2300 Dal'ja Frigo K11 Boustead alongside 07.10/1200 Equator K22 Thong Soon alongside 07.10/0200 Fukuun M 28 K20 Unipacific alongside 07.10/2300 Kota Pdongi K31 PtL alongside 07.10/1500 Lavinia K20
      534 words
  • Page 17 Advertisements
    • 667 17 Concise Comprehensive Contemporary |ngOMbuMty Si FEDERAL PUBLICATIONS STRAITS EUROPE EXPRESS SERVICE rpn l« Not* Ita FriM tfW| »Vw •CJL TOR TO CN 9/10 27/10 28/10 29/10 1/11 2/11 4/11 TtMBNORU) MS 34N 15/10 3/11 4/11 5/11 1/11 9/11 11/11 C.LNB7V 22/10 10/11 11/11 12/U 15/11 16/11 11/11 am com mo
      667 words
    • 61 17 mm GULF COOPERATION Council defence ministers ended two days of secret talks on Sunday on a collective strategy for defence. P«g« II THE US House and Senate are close to an agreement on legislation thot would provide for dams, ports and inner waterways. Pag« 111 Index to odvertisers London freights
      61 words
    • 667 17 BALT-ORIENT LINE Baltic Shippinf Co StMMi East Mi to Agent: Singapore Soviet Shipping Co Pto Ltd MAERSK LINE *i;m m i *T'i 11 :m i t.r I■rn k rn j.i If ffl >i a; "S«W" CMa| Tan •0 13/ioisoo mb crs 11/10 omo mb SINGAPORE/HULL SINGAPORE/TILBURY SINGAPORE/FELIXSTOWE SINGAPORE/SOUTHAMPTON SINGAPORE/DUBLIN 52;
      667 words

  • Page 18 Advertisements
    • 356 18 V C T TAT J? YAMASHITA-SHINNIHON LINE W Ivf /iff T/ TRANS-PACIFIC SERVICES STRAITS FEEDER KMIMi Pacific North Wast I Atlantic/Canada Faadar at Kao I Faadar at Nagoya Bi'.vm' "li Ti »/iUi nai I I IM »'it H7JHI IkW FTFf I Wr!JT»RT?TT^TTTr7TrT^T»inn»7ir^-, inn» rrrfm-Ti niTMN ma iiFif MIDDLE EAST Full
      356 words
    • 295 18 EUHOPE/FAN EAST CONVENTIONAL SERVICE >L PT. of LOG. TEL: 03-*****50 MALAYSIA SON. BHD. TLX: ***** MTM Frt Booking contact Miss Qan MDMA WOOD N Pasaps-Mhf-T* TELAMOM MMMU EFTY N Fw-Flmiiii Si 29-4/ II 29-17/1# 29-7/19 29-11/19 13-IS/19 PT. KLANG 11/19 21/19 29/11 9/11 29/11 16/11 SPORE 22/19 39/19 23/11 13/11
      295 words

  • Page 19 Advertisements
    • 747 19 The Straits Steamship Group Mansfield Container Shipping Re Ltd Overseas Containers Limited STRAITS SHIPPING jingspon to *ishah. jiswsfc. Brunei Ports and Bangkok 12/U M/U a/it n/u 2VM 21/ It M/U M/ll 11/11 U/U M/ii a/u a/11 a/u M/U M/U 12/U M/U •1/u n/u M/U u/ll ivn li/u 25/11 a/u •2/U
      747 words
    • 797 19 Franco Belgian Services ■/r.n./. r! ,th K.'/t »tlt t rrm psuhe u tkm r*> psm mm bunm m »Od 7 Ort) 77 Oct 21 Od Oct tl Rn Kin Ml IS Oct (13 Oct) 3Mm 4Rn 5Rn IRn IRn 11 I 22 Oct (N Oct) II Mm 11 Mr 12
      797 words

  • Page 20 Advertisements
    • 232 20 Hapag-Lloyd TO CONTINENT/UK EXPORTS -Agents SEGANISeaport J4524M K. Lianpur *****25 Boofcinf *****78 P. KManf *****S Ff«|W *****00 CFS 3*3278 CFS *****72 Fana* *****7, *****2 Terminal *****33 *****3 INTERNATIONAL FREIGHT FORWARDERS CONSOLIDATION SERVICE WEEKLY Singapore: BtRKART S E A. Tel 3:*****1 PI. Kelang: BIRKART SON BHD fel: 77-***** M PM LINE
      232 words
    • 642 20 1 Jl JCS.LINE UMA cmM*rm FULLY CONT AINERISED SERVICE FROM t(IROPF VIA SUEZ 1 a Mt,n,bpr ot ,hf rf Consortium OMENTAL C*f Ml kohean man JSC kttuc crom m KOKAN CHANCE 281 'Heor, S'pn MKanj KihNmi te I*f. (18/10) 14/10 11/10 19/10 22/10 27/10 (23/10) 21/10 25/10 26/10 29/10 3/11
      642 words
    • 296 20 f// Hai Sun Hup C o (Pi?) I TEL *****06 (20 Lines) TLX RS ***** AHS 206/2 ft. I \s I I K\ \K lIM K I STRAITS/JAPAN/STRAITS SERVICE I SPECIALIST IN RO-RO HEAVY LIFTS I SOU AKEBH SOU IMTSUYMM FHNCE o*l SOU NAGOVA Loadmj at appropriated Berth P4-P5 NOTE:
      296 words
    • 1018 20 Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) no GUMO no GOME no oiowth mi ***** mi swot ERAOt w ai m mm un arc 11/11 3/11 vtl 7/11 1/11 1/11 11/11 11/11 Vll U/U 13/11 14/11 is/11 M/U 24/10 17/11 U/ll a/11 a/11 23/11 1/12 vii
      1,018 words

  • Page 21 Advertisements
    • 612 21 anirruiu itincjoy w PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE SEA FORTUNE SEA OLORY KOTA MNOA MA HAWK MA VICTORY 3% SIN MY MM SIN M.W BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE HrWi MA HAWK Ll'iLl
      612 words
    • 552 21 BEN LINE CONTAINERS With effect from 13 October 1956 We are MOVING t0.... 200 CANTONMENT ROAD #13-05 Southpoint Singapore 0206 Talaphona: *****22 Talax No. R*****0 Fax No. *****63 EXPRESS cornMO SOtWCt FKOM UK/CONTMNT 12/11 14/11 lt/n n/u 2t/lt WU 4/11 t/U U/U U/U u/u n/u 24/11 21/11 4/12 t/U 12/12
      552 words
    • 342 21 m ii EXPRESS SEMI CONTAINERSHIP SERVICE SINGAPORE TO EOROPE rraK RUM MR KMC CMC* BHMTT IS-It/IS 2J/11 2/12 1/12 DM i won s-vn 2»/n 2/12 s/u 22-24/11 M/U 11/11 22/11 STORE I RUM t-MM/TMH ir—6, M/W-l/11 14/11 21/11 1/12 a mj, i. i wmm I DJAKARTA LLOYD INDONESIAN NATIONAL lINF
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    • 393 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR KMH ¥74W imnvH mr «m row pa-m mm V* Loadnf fir R anf oon Jpw P1M h M h 9/13 Oct 7/IM (P. OMng) 17/11 Od 14/17 Oct 12/13 Oct 29 2V27 Oct BANK LINE 20/21 Oct ICTTWPIWTQW SfOK BAM »Mi IRBS CLYKBANK VIM
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  • Page 22 Advertisements
    • 1151 22 K LINE KAWASAKI KISEN KAISHA, LTD. /CHILE Nonam vm nas m mm mmoya euArnQut cauao mhca iquque nasi* simono *alparabo mm I Oct J Oct II Oct 12 Oct »Mm the »0k I>ok like »0k 1» Ok T AIW AN-J AP AN-CHINA-MANI L A M.SO ACCEPTIK: MOA. MM. SMMBU M
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    • 672 22 AUSTRALIA EXPRESS CONTAMER SERVICE Accepting FCL/FCL CwMmh f P Mi* llMtf y«M Spert IMb S»M ANo Acc« "RAMMS V 25 I Oct 24 Oct 3M» 31 Oct AM/ir» OILABAR V2l li Oct CMANXMS V22A M« 2tfc»Bfc» [STiarnit vt *>. mmms vji it 7oku ok »ok am/rw CALABAR *30 20 Nw
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    • 659 22 GOLDEN LINE GUAM GUM SNPCMG (PTE) LID 8. Id* Ajar Start 'MMI tll« TU UUW (It 1MB) STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST Cdoa*a/»*ad»/llwcd/o*ai GOLDEN HAVEN Colombo Hooch. B*»o* GOLDEN KM Sh»np» Sport PMlM|Niian| 14/1$ Oct N/31 Od 12/14 Oct CHMA OCEAN SHPPMG CO.. PEKM6 THE PEOPLE'S REPUBLIC OF CHMA r
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    • 288 22 INTRASEA (PTC) LTD 10 Anson Road 16 International P .»/.< Smijaporp OiH) 7 Tel 1 1 lOinesi PHII IJRON SHIPPING A GEN CIIS PIE IP PHIL I OR I INI I INI S PIE I JO Hl«i> OM 1 1 i i PIWIN' iN P0» eiPii ami nuitnin s ,«v*!
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  • Page 23 Advertisements
    • 621 23 NEPTUNE ORIENT LINES LTD Vnrt NEPTUNE AGENCKS PTE. LID FT EU/AUST TPA/SU T«| lb Mm TnU OS OOOMNCS *****77 *****53 VtSW *****77 *****27 *****53 Oi OKCt IMS *****1» ***** it Far m*4 Mot v ptoaaa cjl *****44 Mitan KPIM SON. M. 3CC9OS7/*****45/*****53/3U7420 NEPIK SON. BHD *****71/*****34/*****35 Nmik NEPUNE SON. BHD
      621 words
    • 377 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN INCHON Hi I Dn* UIH (Ma*) Ml 7 Omm/MM No Danan MM Hortw« St« tOI Mi) No i Owaa/MM No I Donan/MW ]pn 14/11 U/ll (Ofl-Mra) U/ll 20/11 21/11 (Ml-**) 1/11 11/11 m.t "Ik I Donan
      377 words
    • 474 23 SINSOV SINGAPORE SOVIET SHPPING CO PRIVATE LTD SVGOV BULOM6 55, Market Street Sinfapore 0104 Tel: *****33 (15 Ums) ToraM Office: 22M241/2 Cable Address SMSOV SMGAPORE Tetei Numbers RS ***** RS ***** RS ***** t KELANG WW M/S SHARRIAT NAM SOON SOR RM>. IST ANO 2ND FLOOR. MESSRS NN THONG SMPPRK
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    • 57 23 Mi /.S////V Ta I JAPAN MOMCKOMC STHAITS I MMI.U FUKUUN MMU NO. 2t V2K W. DANE MMUSM *.1A M/M GBO MMU NO J 1.2U 14/il WN M bnr, tar W Fte Trw *1* ta Ml 1 tram o*o-1200 m. Tl*r« fct Mh* amy Hi SHBUSAM MEBHM JOY. J™ jyg, 141
      57 words

  • Page 24 Advertisements
    • 394 24 REGIONAL CONTAINER LINES TO BANGKOK (4 SAILINGS A WEEK) eannanE ini.?ir¥T?rr I.VniTF w inyT7?r □53E222E EEIESsSI U32BESHE C^3E3H re TO SOUTH THAILAND m n inrmMts* lITW V |P1 rT7TTT77TI F7771 Ml mmn MALACCA STRAITS FEEDER SERVICE 3 SAILINGS A WEEK tjJi IVWl'l V 'TTM EM 1M BflM IMIOMITOI l?W' ."I'
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  • Page 24 Miscellaneous
    • 166 24 Regional Weather Wl 1 o f M '/a 12 x"' c ldL\ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND Wind direction with speed in knots Wove height One hotf Heche represents 5 knots R Thunderstorm Temperature- c Weather Wmd direction with speed in knots ••J o,n
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  • Page 25 Advertisements
    • 120 25 'MM* use AGENCES K. LUMPUR P. KELAN6 POMNG P. GUDANG J. BAHARU *****58/*****56/2424M5/*****93 *****11/4 TERMNAL 36SS3S1/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 22SKS/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE lEZEZ2 Hi ll' 1 5— E II i e rTT rr—l MEIBMEa rTT-TTi||i 1 I iTTTnjTMiTginTMGiiaGUitIOOZIMCIJ H'M"-TtTirfrB r T"~^^TTTIfTITItTTTMi!.»i^frTTIIiLJ-^WLililEiaULlil II ■IHHI'IIBI ETUI EZJiSU EDM ESI rTTT-^nnnTrTTr
      120 words
    • 201 25 INTFPNATIONAL TFS LINE TFS VOY 124 TFS VOY 125 Eta Pan 11/10 17/10 Eta Pan Eta Hbg TFS VOY 070 10/10 S/11 MELBOURNE. SYDNEY Eta Pan Eta Mai TFS VOY A5l 20/10 10/11 TFS VOY TOO Eta Pan 14/10 Eta Kao 21/10 TRANSOCEAN (Mi SDN. BHD t«r ***** f'r rlO
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    • 187 25 MN CONTAINER LINE mbt/ilz soma E STO 188 MICK 2/11 3/11 5/11 2 SAILINGS WEEKLY BKK/HKQ/TWN Bookings: MAC-NELS AGENCIES PTE. LTD. *****44 (20 Lines WEEKLY SAILING LCL/FCL TO: COLOMBO OBY DUBAI KUWAIT DAMMAN MAC-NELS (AAALAYSIA) SDN BHD. P. Keiang Tel: (03)*****78/*****07/*****77 MAC-NELS (PENANG) SDN BHD Penang Tel: (04) *****6, *****2
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  • Page 26 Advertisements
    • 127 26 EAC' hi ir i a Siitf.ipore Apenh HAKKi MMI DARKY SHIPPING Pit III) 1H S.(')]IIXK SiS.'.l?h \K\\ LINK I Ri:i(iHT ONSOLII) \TOKS Mil-SKA TEL 339-2127/339-2411 TLX R*****8 NLINK Accept** Containers, L CI. and breakbdk Indun Ports: Madras, Calcutta. Bombay, Karachi, Colombo, CMttagoni Gulf Ports: Dubai, Damman, Kuwait, teddah, Aden, Hodoidah,
      127 words
    • 222 26 K&S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD 143 Cecil Sliest alO 04 G8 Rinldme S potf 0106 Ifl ??19?5S Pott Kfbnf I>f j Pinj Shippaif Sdn Bhd Ifl 03 *****. 7 4 •> Priurif I'Jdf 4 liin<.porl ltd Ifl 04 *****3 Pas* Gudanj MjlJviiin Sh<rpm{ Affnofs Sdn
      222 words
    • 294 26 WJ ow^/jiy 1 Mitsui OS K. Lines Ltd fbMUM CONVENTIONAL/SEMI-CONTAINER PIKE BANK OCEAN ELITE APOLLO PEAK KRITI GOLD In Port Mombasa. Daressalam. Tanga 19 Oct Mombasa. Daressalam 26 Oct Port Louis. Reunion africa's > ir.:r: HIMALAYA MARU 17 Oct Rmks: Subject Inducement P. Noire. Abidjan. Lome. Cotonou. Tema. Apapa. Monrovia
      294 words