The Business Times, 11 June 1987

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 THURSDAY, JUNE 11, 1987 75 CENTS
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  • 230 1 STOCK MARKET SHARE prices closed slightly better yesterday on light trading after the previous day's sharp decline. Although there was spillover profit-taking in the morning, the Straits Times Industrial Index closed at 1,224.37, up 0.55 point, while the Business Times Composite Index gained 5.83 points to 1090.68.
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  • 256 1 Reuter A CODE seeking to increase local and foreign investment in the Philippines should soon become law. Trade and Industry Secretary Jose Conception said yesterday that the Cabinet had approved the investment code in principle and a final draft would be ready within
    Reuter  -  256 words
  • 105 1 Reuter MORE than 50 countries yesterday called for major changes in world agriculture and protection for Third World peasants from the burden of international debt Senior government officials from around the world called for "healthy and equitable" trade in food to replace protectionist
    Reuter  -  105 words
  • 894 1  -  Ng Teng Fong invests in factory, Robert Kuok in hotel By LEE HAN SHIH WITH 10 YEARS to go before the Chinese take over Hongkong in 1997, two Singapore developers are pumping an extra HK$l billion into the colony's booming but volatile property market.
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  • 452 1  -  By LIM SOON NEO SINGAPORE ia fast becoming a hunting ground for overseas hotels seeking managerial and supervisory staff. In recent monthe. advertisements have appeared in the local newspapers for hotel staff willing to work in places such as Australia, Papua New Guinea, South Korea
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  • 503 1 Reuter THE VENICE SUMMIT yesterdsy approved a package of measures designed to step up coordination between major economies in an effort to stave off a new round of inflation and encourage growth. Summit sources said that a text had been approved
    Reuter  -  503 words
  • Page 1 Advertisements
    • 246 1 Cassette Receiver M 3 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Slngipoce: Phone; *****22 Kuala Lumpur Phone; *****33 Phone; *****5/*****1 Mirtc Phone *****5 Now! New CflflW from OUB •<*& More uses More convenience More your style GRO PUUS is a unique new "statement" account where you earn daily interest white
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    • 295 1 Nurturing an export culture AUSTRALIAN companiee lack an "export culture" say* the Australian Minister for Trade John Dawkins. He (aces an uphill battle in trying to increase the country's pathetic performance in world trade, which has been sliding for the past two decadee. See Page for an exclusive interview with
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    • 8 1 Th« vt«w from th« othar slda, Back Pag*
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    • 15 1 (;.@'*$);<{>!}/+!/=^!-|*@;@&.}) GECVMATRIX SEIKO Man invented time. Seiko perfected i v 4 Mssr» wm KtmATm*. SWMTH cbrhmti
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  • HOME NEWS
    • 603 2  -  Design expert spells out the dos and don'ts By MONICA GWEE A CAN OF CURRY is not just a can of curry if you're a food exporter, in the sophisticated world of packaging, a can of beef curry with a picture of
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    • 300 2 TO IMPROVE its operations in the region and with an «ye to future sales, ICI Australia will soon set up two subeidiariee in Singapore. Impkemix Holdings SEA will be the first of the inveetments that the company ts planning for the region over the
      300 words
    • 531 2 < Seminars and r F5P* 3Kj3! Courses VHIBSa DURATION iun 22-23 iun 22-24 Jun 22-26 TITLE CTTfCTlVf Computerisotion in Personnel and Training Depoi tmnft Sales leadership by Objectives fort 1 The Occupational Testing Course VB4UE Dynasty Hotel Sheraton Towers Goodwood Park Hotel ORGANISER Roger GiN and Associates Pta
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    • 262 3 THREE MAJOR PLAYERS in the information technology game are tying up to develop an Intelligent Public Information System (IPIS). Telecoms, the National University of Singspore snd IBM Singspors will undertsks joint research on the system, which will give users information at a
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    • 338 3 SINGAPORE'S national symbol, the stylised lion, will be featured on an increaaing number of items as Aug 9 draws near. Since April, the lion has been dancing from the flag poets of 32 major hotels. They ordered a total of 82 flags. People will also soon
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    • 591 3  -  Accountants, architects and engineers likely to face rising premiums By ELAINE KOH THE GIDDY CLIMB of professional indemnity rates for lawyers has stabilised in the past four months, snd is likely to remain so for the reet of the year. This stabilising, however, appears to
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    • 150 3 PREMIER Yu Kuo-hwa from Taiwan met Brigadier-General (Ree) Lee Helen Loong, the Minister for Trade and Industry, for talks on bilateral economic matters yesterdsy. Mr Philip Yeo, the Economic Development Board's chairman, and Trade Development Board officials were also preeent at the
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    • 181 3 QUESTIONS ON Aids, pollution, insurance for retirees and kidney donation will be aaked at the next sitting of Parliament by Mrs Yu-foo Yee Shoon (Yuhua). She wants to know from the Acting Minister for Health what actions his ministry has taken to
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    • 56 3 ASIAN Computer Services haa been appointed by DACA Software Australia Pty Ltd to distribute exclusively Its softwsre products in Singapore and Malaysia. The deal roprsoents more than Asl million (511.5 million) worth of software sales over the next three years, and It follows a similar agreement concluded by
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    • 278 3 THE STATIONERY INOUSTRY in Singapore it larger than you think. Laat year, the industry •old about $83 million worth of goods overseas, of which $51 million worth were produced locally. This was diecloeed yeeterday by Mr Linn in Hua, preeident of the Singapore Chinee» Chamber
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    • 111 3 HOW WAGES are determined will be the eubject to be explored by 52 trade unioniets at a four-day aeminar starting on Monday at the Plaza Hotel. The seminar deelgned to make unioniets more aware of the mechanics of wage determination will have experts from Japan,
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  • Page 2 Advertisements
    • 192 2 THOROUGHBREDS IS PART OF V •vt :.V •> >■. «'£> \K J*. 1 V.". R •i B v f?W* Jf <. I J i W *< sactej-1 r w v ■W HjjquuuJl si ?ISBBWHB6SI SSPHI EXPERIENCE THAT TRADITION WHEN YOU RIDE OUR NEW 747/300' S. v- t i Now Saudia
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    • 89 2 S Pas Plus THE SOLUTION TO ALL FILING AND STORAGE PROBLEMS. 1 2 3 4 5 •PAS* stackabie Space-saving Convenient and Untidy and tooee Dust tree storage boxes-cheeper quick storing and papar in latlar Mas bacausa filing recovery of is awoided. cabinets and racks documents. are not necessary .fUlfflF/ ißilrtii
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  • Page 3 Advertisements
    • 191 3 Paris? For only US $33 a night? )nl\ ilk' I iviK'li \v<>ul(l have ilk chic.) T t "V;One of the only good excuses not to visit Paris, is that it is, as you'd expect of the world's most stylish city,.. ,'ow you say.. .expensive. Or rather, it was. Because, if
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  • ASIA – PACIFIC
    • 494 4 UPI US PRESSURE on South Korea to open its markets to foreign goods has sparked a backlash from several domestic industries which fear they will not be able to compete with foreign firms. Business groups representing insurance and advertising agencies recently urged
      UPI  -  494 words
    • 137 4 UPI SOUTH KOREA is faced with the challenge of developing its component manufacturing industry to support its export-oriented economy, requiring Japanese technical assistance and direct investment activities in the country, a report by a Japanese commercial bank said on Tuesday. Sanwa Bank said
      UPI  -  137 words
    • 154 4 AFP THE Taiwanese government will set up offices in South-east Asia to help boost investment in the region, an official said yesterday. The official said the Investment Commission is to join forces with reliable local development companies to open offices in South-east
      AFP  -  154 words
    • 362 4 Reuter AUSTRALIA'S ruling Labour Party surged ahead in public opinion polls yesterday as the opposition unveiled a programme of hefty tax cuts in a bid to turn the tide only four weeks before the country goes to the polls. Opposition leader
      Reuter  -  362 words
    • 239 4 AFP JORDAN "categorically rejects" efforts by the big powers to "cash in" on the Gulf war, King Hussein said in Amman on Tueeday night in a speech apparently timed to coincide with the summit meeting of seven Western leaders in Venice. The
      AFP  -  239 words
    • 206 4 AP POLICE in Tokyo halted downtown traffic as camera crews, amateur photographers and pedestrians joetied for a glimpse of an event topped only by the Venice summit on Wednesday morning news shows. The ducks crossed the street One month after their hatching near a
      AP  -  206 words
    • 328 4 Reuter THE SRI LANKAN army has completed operations against Tamil separatist rebels in the northern Jaffna Peninsula and the government is ready for peace talks on the island's ethnic conflict, a senior minister said yesterday. "Operation Liberation has been completed," National Security Minister Lalith
      Reuter  -  328 words
  • Page 4 Advertisements
    • 411 4 c&c NECs new pinwriter P9XL boldly goes where no other dot matrix printers have gone before m m 5 V EXECUTIVE OFFICES m a FLOOR 8 I 9QALE*f'IO" "m i 4 The executive suite Until now, dot matrix printers just weren't welcome there. They were too noisy, for one thing.
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  • REST OF THE WORLD
    • 268 5 AP PRODUCTION of space-age plastics and metals and advance# in computers will be among the most promising industries in the 21st century, the US government forecast on Tuesday. These were among seven "emerging technologies" that the Commerce Department identified as likely to have the
      AP  -  268 words
    • 798 5 ARRIVALS Dp«ratc tr S«rvtc* numfetf Local Mm* From BA SU C MAS MAS MAS AC BA CPA MAS OA HA GU SU SU SU THAI MAS GU SU SU GU SU SU UJFT SU SU BA THAI THAI CPA MAS TK MAS GU MAS TRA UTA SU
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    • 532 5 UPI AS THE DAY nMra for Britain to vol* tor now government, the campaign erupted into a round of mudalinging and personal attacks Dwwxn me leeoing contenders. lasuea and poiicioa appeared to get toet In the welter of personal abuee emerging after a month of
      UPI  -  532 words
    • 119 5 AFP THE US fertility rate dropped to an alt-time low in 1966, with 64.9 live births per 1,000 women aged 15 to 44, the Commerce Department said on Tueeday. "The baby boom la over," said Donald Stars!nic, head of the bureau's Population
      AFP  -  119 words
    • 257 5 BRAZIL'* industrialists have given a sharp warning that ths country is headed tor the worst recession of its history. "The country has entered the greatest financial crisis it haa known. Within 00 days it Is set to enter the moet profound receesion," said leading industrislist
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    • 486 5 FT STOCK MARKETS in the richer developing nations will expand enormously over the next 15 years in response to domestic needs and foreign investor demand, according to the International Finance Corporation, the private enterprise arm of the World Bank. By the end of the
      FT  -  486 words
    • 484 5 UPI A US Trsde Representative to Japan said on Tuesday that Japan's huge trade surplus rssulted from the structure of its economy and the myths that Japanese held about foreigners and foreign goods. "The fundamental problem in Japan is the Japanese
      UPI  -  484 words
  • Page 5 Advertisements
    • 123 5 II U I 1m \l\ Ifl 1M The business person's choice, every I I II I 11 1 Tuesday, Thursday, Saturday and 1 Mm \1 I I a Sunday. Leaving Changi Airport at J- Wrf/J. l A 22:05 hours and arriving at Lester B. Pearson International Airport the following day.
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    • 85 5 Britain becoming land of amply lartorlM, Paga 7 PASTELS GOES [HIDE BE PASTELS introduces an all new experience in gourmet dining [he mmm Promises exquisite Cantonese cuisine by Hong Kong master chefs, served in style with a unique difference. Chinese Restaurant The Bloom A rare bouquet in exclusive dining and
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    • 8 5 To Jipm with tov* and halt, Pago 7
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  • Page 5 Miscellaneous

  • COMMODITIES
    • 425 6 Reuter INTERNATIONAL Cocoa Organisation (Icco) producers and consumers made slow progress towards formulating rules for a cocoa withholding scheme to supplement the cocoa accord's buffer stock, producer and consumer delegates said. Consumers forwarded their ideas on the scheme to producers at a plenary
      Reuter  -  425 words
    • 186 6 AFP THE TWO LARGE New York commodity markets the Commodity Exchange (Comex) and the New York Mercantile Exchange (Nymex) have agreed in principle to merge. Nymex president Rosemary McFadden said in New York on Tuesday that both sides had reached an unofficial agreement, but not
      AFP  -  186 words
    • 151 6 AFP BRAZIL'S gold production could soon surpass that of South Africa now the world's largest producer according to a British analyst. John Monhenius, of Britain's Imperial College of Science and Technology and director of Consort Research Ltd, which specialises in gold extraction, said
      AFP  -  151 words
    • 451 6 Crude palm oil future closed steadier in very active trading on the Kuala Lumpur Commodity Exchange yesterday in line with firm overseas markets. The tight coconut oil situation in the Philippines had raised fears of an expected supply problem and this led to values shooting up in Rotterdam
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    • 92 6 PRODUCTS were mostly quiet and stable. Naphtha rose slightly on the back of the European market with a premium for prompt cargoes. Fuel oil talked in a wide range. Gasoll, kerosene and Low Sulphur Waxy Residue were lacklustre. Crude (FOB origin) Utt/fcarral Chang* Dubai (My) 17.23 im*
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    • 99 6 WHEAT FUTURES in Chicago cloeed 2-1/2 to one US cent higher in Itstteee trading on Tueedey ee prices retreced some recent loeeee. July settled 2-1/2 cents higher et U552.64-1/2. Treding ehowed little new direction eheed of Tueedey'e USOA winter wheet production forecast. Rain deleye in hard wheat production areae
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    • 107 6 SOYBEAN FUTURES in Chicago on Tuesday closed two US cents higher to one cent lower in light trading, with July settling up 1/2 cent at U555.57-3/4. Slow country movement of soybeans amid strong soymeal demand remained a primary supportive factor. Strong precious metals prices and the weak dollar were
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    • 241 6 HONGKONG: Gold closed slightly essier In moderstely active trading on profit-taking after New York's gains. The metal ended at U*****.90/U*****.40 an ounce against New York's U*****.90/U*****.40 and the U*****.50/U*****.00 finish here on Tuesday. On the local market, gold roae HK$46 to HK54,241 a tael. The Krugerrand rose HK$4O
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    • 97 6 THE PRICE Of TM on He Kuale Lumpur Hn market yesterdey firmed two cents lo per kMo after Tuesday's low levels attracted bidders, dealers said. Initial Mde to tall m about 135 tonnes ee aellers ottered M tonnee. Tradee totalled SO tonnes compered wNh «1 en Tueedey. The
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    • 193 6 SMQAPORE The market closed lower yesterday with July 1 RSS buyers quoted at 205.75 cents/kilo, down 1.75 cents from Tuesday. The morning session lost one cent on lack of buying interest in very quiet trading. Stale bull liquidation coupled with some overseas selling of forward positions caused prices to
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    • 81 6 (canfe/kg, 1-ton pdW JULY 87 AUGUST 87 (currant month) (forwor d month) RAS NOON NOON lwy*n Satan •vyan Satan SSt 30 180.00 103.OON 180.00 1«3X)0N SSI 50 17V XX) 180.00N 179 XX) 1#0XX)N Satan Uaj| Sgd^ri SMI cv 253.50 257JON 256.50 258JON SMt L 254.50 256J0N 255J0
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    • 346 6 London Commodity Exchange »uy«f/5otof do*Jna prteo» on hMm 9 (£/*orm unit tpodflod) Fr»vtou» dodng prtea h In pot MritmJi C0«fM MUl "V-frOff LOOOOTi OF London y tsNsn option My 1288/1289 High/Low (1292/1295) 1302/1270 1305/1306 High/low (1315/1318) 1322/1288 Sot*i !3643) Cocoa Jtfy 1233/1235 High/low (1245/1250) 1253/1229 s*»> 1219/1220 High/low
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    • 273 6 Chlnm Prod lie# Soton" noon daring prtco* on kmm 10 (SI/100 kg) Coconut oil Mk FOt ft oo OM dram FOt ***** Nw dram FOt 9100 Copra MbMd (loo—) 30 Poppor Munlok wHftt P0« NLW 1155.00 POt foq NLW 1140.00 Mack FOt NLW 912 JO Ma* KM NLW
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    • 291 6 RAS prices mt« wita/kg. FOB in tela IS NOON close Iwyors 5eHeri 8wyon g-M wapan Int 1 RSS Prompt ***** 209.SON 207JO 2O8J0N Inr 1 RSS My 87 207.00 207JO ***** 206.25 Int 1 RSS Aug 206.75 207.25 205JO 206.00 In* 2 RSS Of 197 JO 199
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  • Page 6 Advertisements
    • 184 6 > T^TOECffIL Econonic zonK&oPEnma amfmm [EE^jmn Fair Venue: Mandarin Hotel, 4th Fir, Mandarin Court Date: 11th 18th June 1987 Time: The Fair 11.00 am to 9.00pm Negotiation 9.00 am to 12.00pm 1.30pm to 5.30pm This is your chance to find out more about the business opportunities that can be tapped
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    • 82 6 •fitfiviTC: Japanese Restaurant Choose from Kampachi 9 s exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16+ per set, they
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  • WORLD BACKGROUND
    • 702 7 Reuter AN ANONYMOUS Vietnamese journalist signing himself as "Comrade NVL" is proving that the pen is sometimes mightier than the sword as he battles graft, sloth and cronyism in the country's communist party. Heads have begun rolling since Comrade NVL started his Things That
      Reuter  -  702 words
    • 629 7 Reuter BRITAIN, cradle of the industrial revolution, is becoming a land of empty factories, economists say. The decline of the smokestack manufacturing industries of northern England, and unemployment in this old industrial heartland, proved emotive issues in the campaign for the British general election
      Reuter  -  629 words
    • 956 7 Economic success draws admiration and resentment AP AS ITS ECONOMIC might grows, Japan is encountering a lovehate reaction from neighbours and trading partners who temper their sdmiration for Japan's success with resentment of its methods and past deeds. From Beijing to Brussels, complaints against
      AP  -  956 words
    • 583 7 NYT "ISN'T IT DELIGHTFUL to get up •arty in the morning and breathe in the fragrant air of May?" So began a letter from the Japanese embassy to 900 American opinion leaders. It then quoted classical Japanese haiku from one of the masters. Kobayashi
      NYT  -  583 words
  • Page 7 Advertisements
    • 177 7 One word that means agreatdealin i anyone's language: Hertz. Travelling overseas? Then book your Hertz car before you go, to get our special Affordable rate. It's so low, that in many cases it's not even available to the people who live there. Yet, you'll still enjoy the service, reliability and
      177 words
    • 95 7 Old System. m S c, p S77V *e> 5r r New Improved System With Lane. I Bk j •<~ i] iiw inii.iifi] ioiii 11 iiivi Iro i Full Computerised LANE Telecom System Enhances Telex Efficiency, IDD, Lease Lines, etc. Auto Line Hunting Auto Re-dialling Multiport (From 1 to 64 ports)
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  • FEATURES
    • 579 8 JOURNALISTS are not lawyers. Television cameras do not make a court room out of a room at the Ministry of Home Affairs. But they seemed to have served the same functions well enough. Some initial scepticism and disbelief about the arrest of Vincent Cheng and 15 others under
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    • 1764 8  -  Minister says protection is cause of inwafd-iooking mentality Australia relies more than ever on trade to swing around its disastrous balance of payment figures. In an exclusive interview with FLORENCE CHONG in Sydney, John Dawkins, Australia's Minister for Trade, explains why Australian companies have to develop
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  • Page 8 Advertisements
    • 153 8 A World of Difference in International Distribution Our service has grown over the years, from strength to strength. We've extended our deep sea route network and inland transport systems so that we can deliver door to door throughout the world. In the process, we've carried just about every type of
      153 words
    • 18 8 PLAYGOLF THE, SEVIVY WAY Tighten up your pamo Let Sevvy Ballesteros show you how In RT every Tuesday.
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  • Page 8 Miscellaneous
    • 683 8 CRYPTIC PUZZLE ACROSS 1 To chang* sides is fault (6) 7 He makes people better looking (8) 8 She's bad on the first of July (4) 10 Sailor hardened to being reviled (6) 11 Artist with a lathe? (6) 14 A negative number, less than ten (3) 16 Barnable, rude
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  • SPORTS
    • 425 9  -  Indonesian wins in straight sets By WALTON MORAIS WILY VETERAN Justedjo Tarik continued from where he left off in the qualifying round to create the biggest upset in the Pro-Ken-nex/Bonds Grand Slam Asian Satellite Circuit tennis championship by scalping second seed Tom Toomey
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    • 683 9 UPI TOP SEED Boris Becker of West Germany and No. 2 seed Stefan Edberg of Sweden scored straight sets victories in London on Tuesday to reach the second round of the US$3OO,OOO Queen's Club men's grass court tennis tournament. Third seed Mats Wilander of
      UPI  -  683 words
    • 434 9  -  -By WALTON MORAIS WITH a debut-making rookie pro, a golfer on the comeback trail and a champion chasing his third successive title, the $20,000 Tiger Open championship beginning at Sembawang today has its talking points. And we haven't even talked about the
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    • 260 9 Reuter THE US won its second gold medal of the World Tenpin Championships on Tuesday by taking the men's triples title. It had a six-game series score of 3,873, only 26 pins short of the record set by Sweden in Caracas
      Reuter  -  260 words
    • 537 9  -  JrankUf, speaking,... BRIAN MILLER THANKS TO tenpin bowling, there now appears to be hope for Singapore sport. That silver showing by Patrick Wee and Sam Goh in Helsinki last week was like an urgently-needed transfusion to an ailing body. But aside from lending life,
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    • 251 9 AP MAGIC JOHNSON drove into the lane for e hook shot with two seconds remaining on Tuesday night, giving the Los Angeles Lakers a 107-106 victory over the Boston Celtics and a 3-1 lead in the NBA championship series. Game 5 will be tonight
      AP  -  251 words
  • Page 9 Advertisements
    • 37 9 '87 ProKeitnex Asian Satellite Circuit BONDS GRAND SLAM JUNE 8 Prize Money: (Mon.) mm it I*l (Sun.) V?"** jJf'— »*v > .IL -v Tennis Site: SINGAPORE TENNIS SEASON TICKET: Available at 4 v|. >v f V S §SKfSL
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  • Page 9 Miscellaneous
    • 1156 9 to OB® mm THURSDAY FEATURES SPECIAL Whan Time Ran Out 10.30pm, Channel 5 0} p&W" /"tmi A volcano blows its top in Hawaii and devastates a new hotel resort. Doomsday soothsayers had predicted the eruption earlier, but the owner of the hotel shrugs off warnings of impending doom until it's
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  • INTERNATIONAL STOCKS
    • 356 10 NYT THE US GOVERNMENT is Investigating three current or former officials of Kidd4r, Pea body Co for their poesible role in an illegal stack parking scheme with Ivan Boesky, according to Several people who know of the investigation. The officials are John T Roche, Kidder's president
      NYT  -  356 words
    • 133 10 Reuter «McOONNĔLL DOUGLAS of '•m United States made a ydeh yesterday for a joint •ibrt with Europe to build a hypersonic airliner for the «Ist century. It could cost as much as Us&2o billion to develop tout might be hurtling •cross the globe
      Reuter  -  133 words
    • 405 10 Reuter PRICES ON the New York Stock Exchange closed higher in moderate trading on Tuesday. The Dow Jones Industrial Average rose 1.06 to 2352.70. The NYSE Composite Index gained 0.25 to 167.38. The Transport Index rose 11.92 to a record 1013.34, topping the mark set
      Reuter  -  405 words
    • 126 10 JUNE m CS Inoo 23 46* Abttltt 36 hi intt _„23*B 41* -1-1* Karr Addlaon 16 14* Bank Nova Scotia 17* 33* McMII BMI 24* 23* Ml Canada 42 •1 Moora Corp 31* 22 Noranda In 29* Brascan CI A 34% Northgata Exp. 10* 36* Pancan Pat 34* Canadian
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    • 212 10 i HAND MourmiALS 1600 Tongaat Truat Bk Un Staal Wooltru 1190 225 90 1975 16 -6 unch unch Abarcom... Aad 346 1790 10 unch 10 50 Angloa. 9000 29 unch 1 6400 Angvaal 2625 2560 BufMa 7475 -25 CO Smith. CNA 4140 400 unch +6 Chartar Corn Ootd 1900
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    • 497 10 JUNE M US I +<• Eng»#*nl Op. 25% L Induct 7* E n( nmr! J!U Ate£j Alumin 52% +1% S. r T,r I" "iff AS?i'nii 17% 2SM?* 17 NCR Corp. 78% +1% AiitaSs 41* 2*5 Stir NwwwKMng. M r 3% X* »> AmBf.nd.lrK 45% Fr p0 t Ucmor
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    • 676 10 Amsterdam JUNK 99 VLB ABN 487.90 87.90 +0.8 Ahotd 92.90 1.4 130 00 0.9 149.20 0.1 AMEV Amro Bank. Am Btad Bartal ...98.40 72.00 122.00 13.90 -0J -0.4 +ai -0.1 BOLS 196 70 -1.3 Boraumt) Buahrman T»—101 119 la. 92 JO 982 -3 -0.1 +3 Fofckar 48.10 47.30
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    • 79 10 NYT GUINNESS PLC. tha giant British brewing and distilling company, is reportedly negotiating to acquire Schenley Industries, a diatributor ot Guinness Dewars Scotch whisky and Gordon's gin in the US. The Times of London said on Tuesday that Guinness may have reached an agreement in principle
      NYT  -  79 words
  • Page 10 Advertisements
    • 516 10 <1 Wmtt t© wine, iine and eaftertalsi ir=P NABEMONO deughts Sample the delights of Nabemono cuisine, steamboat Japanese style, cooked at your table. SuWyaW, Shabu Shabu, Mizutakl, Klritanpo and Yosenabe. open dally for lunch and dinner except on Sundays. $20+ per adult $10++ perchUdi $10++ per cMd under 12 4juLn
      516 words
    • 183 10 London Hocks on Pago 15 i f J I With the dynamic Melody Band from the Philippines. At The Lounge daily except Sundays, Bpm— 1 lam, with an extra hour on weekends and eve of Eublic holidays. Happy [ours from 5-7pm daily. Third drink is free with every two similar
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  • ASIAN STOCKS
    • 384 11 HONGKONG: Late profit-taking by institutions and small investors erased early gains yesterday and sent stock prices to a lower close for the first time this month, brokers said. The Hang Seng Index slid 11.24 to 3,097.33 while the broader-based Hong Kong Index fell 7.54 to 2,001.41. Brokers said the
      384 words
    • 196 11 29 80 -0.7 3.91 -0.07 Kuochan Dav Laa Chang Yuan .33.50 36.10 0.1 -04 48.30 23 50 -04 Cathay Cona .08.50 unch Nan Ya Piaa 44.80 -6.7 83.50 4-0.5 39.30 05 Chang Loong Chia Main Camant... .30.50 .44.80 14.75 •0.2 0.50 +0.1 Pacific Elact Wira 24.20 19.60 unch -0.2
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    • 414 11 TOKYO: Share prices soared to a record close in active trade yesterday as investors felt at ease buy- ing, judging that the Venice summit of industrial nations will not now yield news harmful to stockmarket confidence, brokers said. The market average rose 359.06 points to a record closing 25,738.96,
      414 words
    • 77 11 JUNK It POO* +1Oriental B 0 06 0.001 Acoj* Mining Phil Ovwii 0.0990 0.006 +001 Anglo Phil ....0.01 0 0875 0 0025 0.0025 Plcop B Atlas Con. B 25 unch 0.001 unch -10 +ai plot San Mlgua* B 500 154 8 1 fliilr rnnnum Banguat Con. B.... First Phil
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    • 417 11 SYDNEY: Australian shares closed higher on thin trading with light but widespread buying in the industrial, mining and gold sectors. The buying was sparked by a sharp rise in bullion prices overnight, which boosted sentiment snd led to bargain-hunting almost across the board. Investors concentrated on leading gold and
      417 words
    • 152 11 Reuter BANGKOK: The Stock Exchange of Thailand Index gained 2.87 points to 279.66. Turnover totalled 2,162,910 units worth 575.1 million baht. The Book Club Index was up 3.06 at 251.07. Reuter JUNK 1* BAHT MM Whtta Qroup 166 266 unch -6 Ayudhya l"»aaIman Bangkok Agro-lnd Bangkok Bank L 306
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    • 109 11 JUNE 14 WON Kai 1479 19 ***** +100 Kanawon Ind... ***** ***** uncti ***** -300 ■400 Oiwiwo Cocp... Oaawoo Haavy......... DaiaMn SacurWaa.... Dong Ah Phar Dong Suh Slock. Doogbu S*m< 1146 10 MOO ***** 190 1470 10 3790 ***** 1M00 2298 90 uncti 100 03 Orliolil Brvwy... Oriental Cham
      109 words
    • 75 11 Reuter THE BOMBAY Stock Exchange has reimposed a ban on short sales of nine volatile stocks to prevent a crash in share prices. Brokers said the curb means the stocks can be traded only on a cash basis. The exchange banned short sales in 63 forward trading
      Reuter  -  75 words
    • 397 11 FT KOMATSU. the Japanese group that is the world's second largest construction equipment maker, has suddenly dismissed Shoji Nogawa, its president for the past five years. The move came at the instigation of Ryoichi Kawai, the group's 70-year-old chairman, according to industry officials in Japan. It was
      FT  -  397 words
    • 260 11 UPI THE PENTAGON has suspended business with Toshiba Corp while Japan investigates charges that the < company sold secret high-tech i equipment to the Soviets for building quieter submarines. Efforts to reduce the noise levels of Soviet submarines with precisely machined propellers made by
      UPI  -  260 words
    • 148 11 Reuter JAPANESE construction firms, urv der fire for blocking foreign into their home market, are step**» ping up their business in the US and other developed countries. The trend is likely to continue, but a potential backlash could fort*", them to consider new
      Reuter  -  148 words
  • Page 11 Advertisements
    • 485 11 #7=P Fashionably hyatt Join the fashion- conscious every Wednesday and Thursday (3.00 6.00 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus.show at $10.50
      485 words
    • 191 11 ENTERTAINMENT Ooadoßond the Philippines V A sensational band that is sure to piease with its fast/ aS. slow numbers, favourite f\* ok*M and latest rock. A PHILIPS* TCO popular x I C local soloist. For your sentimental moments, HAPPY HOURS: 12 noon 8p« mft«/ DISCOUNT on bottt* rata* and premium
      191 words

  • BANKING AND FINANCE
    • 719 12 Investors show little interest Reuter THE ECU BOND MARKET, facing what some see as a crisis caused by investor indifference, is desperately hoping for new buyers to end a four-month slump, dealers say. The European Currency Unit (ECU) bond market has
      Reuter  -  719 words
    • 537 12 Reuter NOW THAT CHINA has signed an agreement with Britain allowing it to issue bonds in London, Western bankers are trying to guess when it will make its first bond issue and whom Beijing will chooee to
      Reuter  -  537 words
    • 415 12 UPI INTEREST RATES are likely to rise for the rest of 1967 because the Federal Reeerve Board will not draatically curtail money supply growth, according to Salomon Brothers Inc's chief economist Henry Kaufman indicated on Tueeday, however,
      UPI  -  415 words
    • 84 12 AFP BANK OF BOSTON Corporation ia negotiating for a controlling intereet in Commercial Bank of Manila in a US$2O million debt-for-equity awap, bank officiala confirmed on Tueeday. A Bank of Boaton epokeeman aaid talks were in progress. Under the propoeed deal, the Bank of Boston
      AFP  -  84 words
    • 136 12 Reuter THE VICE-CHAIRMAN of the Federal Reeerve Board. Manuel Johnaon, aaid the US and other natione were drafting propoaala to curb illegal money laundering through the banking system. Teebfying before a subcommittee of the House Banking Committee, Mr Johneon aaid a
      Reuter  -  136 words
  • MONEY AND EXCHANGES
    • 1079 12 SINGAPORE: The US dollar closed slightly lower against major currenciee yeeterday after fluctuating narrowly on some short covering and late selling in thin trading. Moat operators refrained from taking large positions becauee there was no positive news from the Venice economic summit Dealers said market attention has now
      1,079 words
    • 55 12 Treasury bills (mo* ncm It iMUM) ltsu« cod* Maturity Y«ft*fday's ylold un oem BQ ***** A 10.9.87 2.50 2.40 IS ***** A 10.17X7 2.55 2.45 Singapore government bonds tssua Coupon Maturity Indicative YMd code rat* dosing (offorsd pric* rat*) N*****0Z 3.500 1.6.1989 100.003.45 100.10 N*****0H 5.375 15.5.1992
      55 words
    • 55 12 THE OVERNIGHT rata on the Singapore interbank market closed unchanged at per cent yeeterday. One and two months shed 1/16 and 3/16 point reapectlvely. Three months lost point S$ Interbank rates at 7pm yesterday: orai MD Ow- 0 1-m* 4 1/1* 3 13/1« 3hmh* 4* 4* 34 S/U
      55 words
    • 180 12 Asian market ASIAN DOLLAR deposit rstss closed stssdy st opening levels in thin trading yesterday. Short-dates wsrs little changed from earlier levels of 6-13/16 8-11/16 for overnight 6-7/8 6-3/4 for Thursday/Friday snd 8-15/16 6-13/16 for week-fixed. Asisn dollsr CD rstes ended steady at the morning's Isvels. One-month clossd at 7.15/05,
      180 words
    • 162 12 MteSlN In 9V9T&QB Of lit prims laiwMng rates of 12 ma|er banks In flngepors Average of prim# or equivalent lending rati i on June 10 London 9.00% (kmghong 65 Ntw York 8.25 lenghoit 115% Tokyo 3.375 Jokorto 20 Zwddi* 35% Kwoto Lumpur 775 riatfat* 3 Mania 15
      162 words
    • 527 12 SEPTEMBER Keredeller opened slightiy lower from Its previous close at 92.14 in Singapore yeetsrdsy es W >j||||»l |L.| rntrKw ptmcipinii ftn max no substantive results would be coming from the Q-7 meeting. It was sold off to 92.12 before recovering to 92.15 by middey. Treding wes, however, locked in
      527 words
  • Page 12 Advertisements
    • 90 12 L C a\s° 4* n •»"3» 2* •T < w I (9 I -«.<•? *f *J( A* i x~ Romantic Candlelight Prime Rib Dinner Down By The River You'll love our juicy, succulent Prime Rib of Beef, meticulously roasted to tender perfection. *(4-course set Dinner @$16 That's a real gem
      90 words

  • SHARE INFORMATION
    • 4270 13 SHARE prices recovered marginally on less active trading yesterday after the previous day's sharp decline. Brokers said trading was erratic. Although gainers outnumbered losers 127 to 64, overall prices finished on a mixed note. They said the thinner volume was also accompanied by
      4,270 words
    • 234 13 SINGAPORE Rises M torot Id MM)% 900 Spar* Land 790 OrO«»*< soo MM** 7*5 Ga*|i 445 Mil iplm 50* 140 *>• 249 Uta MM SOt 210 OUI 434 UM* 99 hMc M 50* 271 Nrib Ha> 570 Falls Otf* Bofry M0 5M CMkoi 50# 550 DBS 1300
      234 words
    • 4222 13 SECTION ONE MDUSTMAL rriMMrnrui Acmo (2J0B) 04 2.24 9 225 M) 226 OS 227 (111 223 163 226 M 2 229 M 2 2*) 111 222 0 221 Oil 22» (II 2,26 1511 230 CO Alcoa C 67 0.09 SI (21 090 (II 086 19
      4,222 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 436 14 Supreme Court dismisses appeal VENEER IJ MBT LONG-SUSPENDED plywood manufacturer Tropical Veneer Company is finally being liquidated. The Supreme Court has dismissed with costs United Malayan Banking Corp's appeal «gainst the winding-up of Tropical Veneer. The winding-up order made by Justice
      MBT  -  436 words
    • 470 14 MBT TIME ENGINEERING is looking to jsxpand Its manufacturing base «with new products in the coming year as the group expects sales of engineering equipment and supplies to improve slong with the improvement in the Malaysian economy. Msnaging director Eddie Chia Sen Hua,
      MBT  -  470 words
    • 535 14 MBT MULTI-PURPOSE HOLDINGS expects an improvement in performance in the years ahead as long as the recovery in the Malaysian economy ia maintained. Chairman Kuok Hock Mien, in hie maiden statement to shareholders, says there are indications that the Malayaian economy may improve
      MBT  -  535 words
    • 398 14 THANKS to steadier support returning after the morning session, share prices suffered a lesser Mow and closed mixed to slightly steadier at the Kuala Lumpur stock market yesterday. Trading volume was relatively light While a fairly broad spectrum of counters managed
      398 words
    • 105 14 HONGKONG Hongkong Index Wednesday 2001.41 Tuesday 2008.95 Week ogo 1927.91 Ail Industrials Wednesday 2605.2 Tuesday 2599.5 Week ogo 2578.0 NEW YORK Hang Song Index Wednesday 3097.33 Tmsdoy 3106.57* WNk ogo 2*5 10 Dow Jones Tuesday 2352.70 Monday *****4 Week ago *****2 TOKYO Nikkoi Average Wednesday Tuesday *****.88 Week
      105 words
    • 262 14 Manager*' prtcm for June 11 Singapore Unit Trust Tlw CowMfc* 1 10 1.17* lb* Saving. Fund 095 101 S'por* Frog Fund 044 0.50 S'por* W Fund 0.78 OS} S pore tm«i> Fund 080 0.86 S'por* Equity Fund 0.56 0.60 Asia Unit Trust Mol M Fund 1 55 1
      262 words
    • 2972 14 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Aono (***** cd Apnomoto I—l Mm Hldg (—1 Atom
      2,972 words
    • 134 14 THOMOM MMES MALAYSIA Bsrtm* 11th AQM at The PNB Theetrstts, 2nd Floor, Menara PNB. 201A, Jalan Tun Razak, ***** Kuala Lumpur, Malaysia, today at 10am. PAN MALAYAN HOLOMQS UmNad: 27th AGM in the Conference Room, 141 Cecil Street #02-01 Tung Ann Aaaociation Building. Singapore 0106, tomorrow at 4.30pm.
      134 words
    • 155 14 Company RIGHTS ISSUE CHy Dev Oee-for-four 0 $140 per shore tight nu* ol bonds with warrant is in the ratio of $1 iwiwol amount of bonds for every two ofdinory (ho res held Ex dot#; Jun IS Books dot* Jun 22 D C Bonk Ono-for-two 10JO par shore
      155 words
    • 331 14 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks in the ratio of S3 loon stock tor every five ordinory Duta Cons On*-tor-on* $1 10 per shore F A C B One-tor-on* $040 per ihor* Fimo M Box On*-tor-two $200 p*r shor* George Town Two-tor-on* $1X10 per
      331 words
    • 496 15 Hotel stocks back in the limelight? ■mm mm™ HOCK LOCK SIEW THE HOTEL sector has undoubtedly been the worst performing sector of all in the bull run that started last May. While the Straits Times Industrial Index, the most widely watched barometer of the market has jumped nearly 121 per
      HOCK LOCK SIEW  -  496 words
    • 278 15  -  By NAJEEB JARHOM SMALLISH non-bank affiliated finance company Sing Investments Finance Ltd has reported its worst-ever results since its public listing in 1963. Group pre-tax profits sank 42.7 per cent to $1.35 million last year from $2.35 million in 1965. At
      278 words
    • 85 15 Bernama ES FEDERAL FLOUR Mills Bhd (FFM) hopes to maintain its performance in the current financial year although it foresees the flour and animal feed trade will remain competitive, chairman Leslie Cheah said in his annual report. The group acheived a pre-tax profit of
      Bernama ES  -  85 words
    • 276 15 HARRISONS Malaysian Plantations Bhd has turned in a group pre-tax profit of M 578.57 million for the year ended March 31, 1987, a drop of 39 per cent from M 5129.37 million the previous year. Turnover fell a third to M 5505.4 million
      276 words
    • 928 15 LONDON share prices opened with an easier bias yesterday, reacting to opinion polls which showed a fall in the Conservative Party lead from Tuesday's indication of 13 points over the opposition Labour Party. This had prompted gains to record levels on the FTSE 100 share index. At 1100
      928 words
    • 549 15  -  Group pre-tax profits soar to $22.3 m By HOMER CHEN METRO HOLDINGS LTD has turned in an impressive sat of results capped by a one-for-10 bonus iaaua plus a sub-division of the $1 par value of each share into two 50-cent shares. Group
      549 words
    • 371 15 Bernama ES LION Corporation Bhd, a plantation and trading group, sxpects to achieve better results for the current year. For calender year 1966, it reported a 4.6 per cent drop in group profit to M 512.3 million from M
      Bernama ES  -  371 words
    • 316 15 Bernama ES THE KUALA LUMPUR Stock Exchange (KLSE) said yesterday it was holding talks with the Stock Exchange of Singapore on the letter's plan to introduce sliding brokerage fees on stock tranaacttons. KLSE public relations officer Honey Dograa, however, said the exchange's chairman.
      Bernama ES  -  316 words
    • 165 15 MALAYSIAN businessman Datuk Syed Kechik's plan to inject the shares of Development Commercial Bank into hia listed vehicle, Temerloh Rubber Estates, has been aborted. In a brief statement yesterday, Temerloh said difficulties had arisen and the vendors of the 20 per cent
      165 words
    • 66 15 CK TAMO LTD'* managing director, Mr Tang Choon Kang alias Tang Un Tlan, relinquished hia post on J una 5, 1067, but remains as chairman and dicector of tha company. Mr Tang Waa Sung was appointed managing director on the same day. SKI HARTAMAS Corp has appointed Mr
      66 words
  • Page 14 Advertisements
    • 151 14 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME t Notice la hereby given that In consequence of the Intended change of name of a ship by our clients, Ove Skou Shipping Pte Ltd. we applied to the Registrar of Singapore Ships under Section 386 of the Merchant Shipping Act
      151 words
    • 148 14 OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME Notice is hereby given that in consequence of the intended change of name of a ship by oar clients, Ove Skou Shipping Pte Ltd, we applied to the Registrar of Singapore Ships under Section 386 of the Merchant Shipping Act. (Cap. 179)
      148 words
    • 10 14 M anagers ust anage BT shows you how every Monday.
      10 words

  • Page 15 Advertisements
    • 87 15 THE MORTGAGE BANK AND FINANCIAL ADMINISTRATION AGENCY OF THE KINGDOM OF DENMARK (Kongeriget Danmarks Hypotekbank og Finansforvaltning) U. 5.580,000,000 Guaranteed Floating Rate due 1990, Series 84 Unconditionally guaranteed by The Kingdom of Denmark Notice is hereby given that the Rate of Interest has been fixed at 7% and that the
      87 words
    • 109 15 This announcement appears for the purpose of record only. M M, European Investment Bank ECU 50,000,000 7V* per cent. Bonds due 1992 Issue Price 101 Vi per cent. Managed and Underwritten by Daiwa Singapore Limited QDBSBANK Oversea-Chinese Banking Corporation Limited Tat Lee Bank Ltd Indosuez Asia (Singapore) Limited United Merchant
      109 words

  • 417 16  -  By CHUANG PECK MING THE AMERICAN government has promised to "do what it can" to Keep the US market open to Asean goods. Reaffirming that the Reagan administration was "committed to oppose protectionism", a top US government official yesterday
    417 words
  • 712 16 AP FOR GONDOLIERS and merchants of Venice, it is a financial disaster. For resident commuters and tourists dependent on water transportation, it's a nightmare, and for the curious, it's a sullen pageantry with an invisible cast. Massive security measures
    AP  -  712 words
  • 119 16 Reuter THE SOVIET-LED Warsaw Pact advised developing countries yesterday to introduce state planning as a way of improving their economies and overcoming what it denounced aa Western exploitation. The advice came in a statement adopted at a summit of the military alliance in
    Reuter  -  119 words
  • 282 16 Bernama ES THE GROWTH of deposits in the Malaysian banking system picked up significantly this February, but growth in loans continued to decelerate compared with the previous month. A Bank Negara statement yesterday said that total deposits had risen by M 51,426
    Bernama ES  -  282 words
  • 209 16 UPI HUNDREDS of Borneo Island natives are blockading more than a dozen timber camps in the interior of Sarawak to stop further destruction and pollution of their tribal forest lands. Twelve chiefs representing indigenous Penan. Kelabit, Kayan, Iban and Lun Bawang tribes
    UPI  -  209 words
  • 353 16 Reuter AN INTERNATIONAL Monetary Fund team urged South Korea yeeterday to open its markets wider and remove trade barriers to limit the growth of its balance of payments surplus. Hubert Neiss, the IMF's deputy director for Asian Affairs who led a six-member
    Reuter  -  353 words
  • 426 16 Reuter JAPAN seems to have turned in its worst economic performance in 12 years in 1966-67 in apite of stronger-than-expected growth in the final months of the fiscal year, according to government and private economists. Figures due out later this month are
    Reuter  -  426 words
  • 95 16 AFP SYRIAN Vice-President Abdel Halim Khaddam yesterday met several key Mualim Lebanese leaders in an apparent attempt to reunite its allies against Lebanese President Amin Gemayel. Syria accuses Mr Gemayel of attempting to cover up the people who last week murdered premier Rashid Karami, a
    AFP  -  95 words
  • 63 16 AP SOUTH AFRICAN PRESIDENT P W Botha was scheduled to make a rare appearance yesterday before a joint session of Parliament amid speculation he would reimpose the nation's year-old state of emergency. Mr Botha'a 1986 atate-of-emergency decree and a series of reguiationa giving police wide
    AP  -  63 words
  • LATE FILE
    • 49 16 Bernama ES THE ASIAN Development Bank taid that developing member-countries which had a past record of high GOP growth but had experienced a slowdown during the past few years were expected to improve their growth performance. Theee countries included Malaysia, Indoneeia. the Philippines and Thailand.
      Bernama ES  -  49 words
    • 45 16 Bernama ES EXPORT prospects for Indonesia's non-oil products to Japan, such as agricultural products, food and textiles, are brighter following the appreciation of the yen, according to the chairman of the National Agency for Export Development, Kamarulzaman Algamar. Bernama ES
      Bernama ES  -  45 words
    • 34 16 Reuter THE US. WORRIED that Moecow might muscle in on its satellite launch business, said yesterday that it wanted to bring an Indoneeian astronaut aboard a future space shuttle. Reuter
      Reuter  -  34 words
    • 46 16 AP HONGKONG'» total merchandise trade in April amounted to HK559.28 billion, up 37 per cent from April 1986, tha Census and Statistics Department reported yesterday. Domestic exports in April totalled HK514.54 billion, up 26 per cent from April last year. AP
      AP  -  46 words
    • 45 16 Reuter THE YOUTH wing of the United Malays National Organisation burned copiea of the Far Eastern Economic Roview yesterday and demanded that the government ban it for publiahing an article, later retracted, alleging that Malaysia might sell land to Brunei. Reuter
      Reuter  -  45 words
    • 40 16 Reuter A STUDENT lay dying, policemen were bedly beaten, a train was commandeered and government offices torched in a day of anti-gov-ernment protests acroas South Korea yesterday which ended with more than 2,000 being detained. Reuter
      Reuter  -  40 words
  • Page 16 Advertisements
    • 80 16 SPEED GREATER ECONOMY cw 'IIS?1 w* X n u„ as\ InMial. i Hi "W-- t I jr. r Fly Aeroflot to EUROPE and enjoy a chance to see Moscow, a convenient stop-over in the USSR. 3 weekly flights from Singapore on Mondays, Wednesdays Fridays. Contact our sales agents or call
      80 words
    • 7 16 to rtvifM open nurtitt policy, Pago 4
      7 words
    • 411 16 US trad* official Mamas Japanaaa mlndaat, Paga 5 Economic mocMt draws adml* ration and rsssntinsiil, Paga 7 A CHANCED I^2 TOMAKEITDIU eO J oV It doesn't take a huge amount of capital to make big profits at SIMEX. What it does take is motivation, intelligence, discipline and a willingness to
      411 words
  • Page 16 Miscellaneous

  • SHIPPING TIMES
    • 461 17  -  By G DURAIRAJ THE HANDLING of timber jumbo packs for Australia has given a major boost to the timber export terminal at Port Klang's conventional wharves. The terminal, operated by Ppngkalan Expot PerkayuanShapadu Sdn Bhd (Peps), a subsidiary of
      461 words
    • 241 17 NEPTUNE ORIENT Lines has sold a Freedom-type vessel, the 15,107-dwt Neptune Ruby to a European party. The 15-year old. Sin-gapore-built vessel capable of transporting a wide range of dry bulk items was sold to London-baaed Ha I but for cloee to $2 million.
      241 words
    • PORTSIDES
      • 158 17 CHINA eakJ it was studying a request from Kuweit tor help in protecting He shipping in the Gulf. A Chinese Foreign Ministry spokesmen said: "Kuweit has put forward to China the request of leasing China's oil tankers or having its oil tankers registered in China. The
        158 words
      • 141 17 AFP TWO NAVAL patrol veeeels commissioned by Sierre Leone on Tuesday scored an impreeeive success on their trial run by rounding up trawlers from the Soviet Union and Venezuela opereting within the country's territoriel wsters. The Mom end the Nmimbsns, purchased from Chine under the
        AFP  -  141 words
      • 91 17 SEA-LAND SERVICES has appointed Richard Murphy to head the Hawaii/Guam operation it plans to acquire from the financially troubled United States Lines. Mr Murphy, who has 20 years experience with Sea-Land, will be based in Honolulu. Sea-Land plans to serve Hawaii and Guam via the
        91 words
    • 547 18 DURGA'S CONTAINER India Lines became unstucked in April even before it completed its first voyage in the Far EastEurope trade. The Durga Felixstowe, voyage chartered from Trans Freight Lines, was stranded in Barcelona for a few weeks before the charter was terminated
      547 words
    • 72 18 Reuter THE NATIONAL Iranian Tanker Co (NITC) has entered the tanker market for a prompt very large crude carrier (VLCC) for six months trading on Mid-East Gulf shuttle service. This follows several bookings by NITC concluded on a private basis over the weekend, including
      Reuter  -  72 words
    • 332 18 Reuter A GREEK tanker was hit in the Gulf on Tuesday afternoon, probably by a missile, but no casualties were reported among the 31 crew. The Ethnic, a 274,629 dwt tanker owned by the Moonlight Shipping Company of Piraeus, was heading from Kuwait for Taiwan
      Reuter  -  332 words
    • 614 18 AFP AN IMMENSE white-sand beach, littered with what looks like the result of some weird mass suicide by hundreds of modern merchant vessels, is the improbable site of one of the world's largest shipbreakers' yards. In Gaidani, 50 miles
      AFP  -  614 words
    • 701 18 ABShpg V s ABC Contoimr vw 1 Accord Shpg VI 3 Africa Ocaon 1 2 AHtrons VI s Aaaricon Tpt 1 2/3 Anro Sarvica IV 2/3 AMI 1 1/2 A PC Una V 4 Afl IN 2/3 ASCI HI 1 Anon Ocaont VI 3 Boft-Conoda lift* VI
      701 words
    • 224 18 Fairplay STAFF employed by the Port of London Authority fell by 813 to 2,153 lest yeer es e result of s bigger reeponse then expected to s voluntary seversnce scheme. "We enter 1967 with no surplus for the first time
      Fairplay  -  224 words
    • 1171 18 CHARTER rates registered no obvious change from eetablished levels in extremely quiet conditions on the London freights market on Tueaday. Grain voyage operetiona were confined to juat two North American export consignments. Continental grein errenged 35,000 tona of barley aboard a June 20-25 loeder from the St Lawrence
      1,171 words
    • 173 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      173 words
    • 190 19 Seatrade Week ANOTHER BILL aimed at boosting the power of US Federal Maritime Commission has been approved by the House Merchant Commission subcommittee. Its focus is on giving FMC more leverage in retaliating against foreign restrictions hindering Ameri-can-flag carriers. The bill. HRIBO3, would
      Seatrade Week  -  190 words
    • 410 19 FT BRITANNY FERRIES, the Frenchowned cross channel ferry group, has placed a FFr 435 million (US$72 million) order for a new ferry with a French shipyard, in spite of a significantly lower offer from a British yard. Industrial sources said Tuesdsy that
      FT  -  410 words
    • 304 19 Lloyd's List MITSUI OSK Lines is considering a fundamental break with tradition by ordering ships from foreign builders. The company is a major force in Japanese shipping but suffered its first loss last year and is proposing suspension of its dividend,
      Lloyd's List  -  304 words
    • 152 19 AFP A MEMBER of the British government openly criticised the Channel Tunnel project in a document published on Wednesday saying it would threaten both jobs and national security. British Minister for Trade, Alan Clark, making clear he was speaking "as an individual and not
      AFP  -  152 words
    • 108 19 Reuter RHINE SKIPPING has been stopped in both directions at Karlsruhe after a tug and lighter sank on Tuesday in the main navigation channel, police said. They said rising water levels would make it difficult to raise the wrecks and the stoppage was expected to last for
      Reuter  -  108 words
    • 230 19 SURVEYS are conducted on June 1. Argentina Buenos Aires 25 vessels operating. Australia Brisbane Labour shortage; Melbourne Normal operation; Sydney Normal operation. Chittagong 20 vessels operating. Brazil Santos Normal operation. Cameroon Douala Normal operation. Vancouver, British Columbia Waiting time of up to 1 week. Chile Valparaiso Normal operation.
      230 words
    • 118 19 Reuter ONE CREWMAN was killed and two were reported missing when a Malaysian cargo ship sank off Sri Lanka's southern coast on Tuesday, Colombo port officials said. Seventeen others, including the captain of the ship Pacific Jaya, were rescued by Indian, Hongkong and American
      Reuter  -  118 words
    • 8921 24 QQIUBIjXDQtB 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
      8,921 words
    • 458 25 AT CONVENTIONAL WHARVES KEPPEL WHARVES B«nn Arrival 0 Doiyunshon KI9 alongside 1506/0600 Dong Mkw K35 alongside 11 06/0600 Esmeralda K36 alongside 15.06/1100 Fareast Pilot K3I olongside 1306/0600 Global Mercury K30 alongside 11.06/0900 Kota Wijoya K32 alongside 1106/1830 Lin Petoling 2 Kl? alongside 1106/1200 Maritime Faith K34 alongside
      458 words
    • 841 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movamant Ship Voy dafta/timo Oparator cargo schadula Location Nan Hwa 39S *****7 1800 Eagle Corp F5A 0900-1000 P3 Plantin 8712 11.06.87 1800 Moersk P2 0900-1000 F2 E Guard 019fW 11D6^7 1800 G Asia F5A 0900-1000 A2
      841 words
    • 127 26 This wwldy report to prepared by Veritas Petroleum Borvtcos, London. The InlormeUon, minimum and maximum levoto, to beeed en Hmiled eemptoe from motor voeeeto analysed in its laborelortee. Mere oomprohonoivo fuel quality information to posted io partioipenta in the Verttaa fuel pueMy testing pro- Am/Port Y1t
      127 words
  • Page 17 Advertisements
    • 869 17 THt Wi KSTNEOtK ?«O*A H/WlrXttn IYSiSU*; SHE HAD POWER. SHE NEEDED LOVE. SHE WANTED REVENGE. Emma Harte is A WOMAN OF SUBSTANCE But what is the price she has paid? Available at all good bookshops WW/ PMG AfIENOB N*. nam 00K) tod #12-06 tMpat, StapM** QZOi CmUcitm Uwe NORTH AMERICA
      869 words
    • 76 17 DURGA'S CONTAINER India Lkm unstuck »d Hi April even before It completed Its first voyage In the Far East-Europe trad*. P«Q« II RRITANNY FERRIES, the French-owned cross channel ferry group, has ploced a US$72 million order for a now ferry with a French shipyard, in spite of a lower offer
      76 words
    • 908 17 &..$!:'-^<\\$('*=~<!`^@.]>!?"=? MAERSK LINE SERVICE TO MIDDLE EAST SIN/KUWAIT 12 DAYS MAERSK CALLS AT THE PORT OF SHUWAIKH Th* mt —.Laud M Ctoamg Taee CY IH 1000 MRS CFS 17/6 2300 MRS Tu Europe UK S< .indin.ivi.i Finl.md Hi Port 12/6 1M 1M 25* 2M 2/7 3/7 *7 H/7 16/7 17/7
      908 words

  • Page 18 Advertisements
    • 404 18 MALAYSIA SON. TEL: 03-*****50 BHD. TLX: ***** MTM EUROPE/FAR EAST CONVENTIONAL SERVICE VSL. PT. of LOG. DATES PT. KLANG HCRUVIM Aviles-lmmingham 1-20/1 20/7 SAN JIANG KOU Antwerp 20-25/6 25/7 TBS Hamburg-Middlesbroufti-Aviles-Giion IM/7 4/1 T«S Bremen-Hamburg 22-2S/7 30fl Further load/ discharging porta an route subject to sufficient inducement Singapore Office: MTM
      404 words
    • 0 18 |${([-/>^{"!@|{,"|]$&>="=.?(+"_
      0 words
    • 374 18 SENATOR LINIE Afi«CW PTE. LTD M CAHforrm $T. m* TEL *****7 tax. az-aa OUTBOUND TO NORTH AMERICA nrnTWii^ rn'inni'iy::! nnnnn V m »M MM U m MJ7 «J7 EF IK 1117 Z2J7 EF TV BUB «JI 27 jK IU7 14J7 25 J? 28J7 82J7 15J7 17J7 a.v nj7 12JI 14
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  • Page 19 Advertisements
    • 860 19 The Straits Steamship Group Mansfield Container Shipping PteLtd P&ocl^ P&O Containers Limited CONTMNERSHP SERVICE TO UK/CONTINENT: a/7 03/7 os/7 %n mn M/ 7 N|7 12/7 13/7 IV7 12/7 M/ 7 li/7 17/7 I*7 25/7 27/7 B/7 *7 M 27/7 2*7 W7 M EH W M II a/I a* v w
      860 words
    • 846 19 CHA RGEURS REUNIS f," Sport PKa4an| I'lm VuiM Ganoa Thaata HAMTA MAMJ 15 Jun It Jun )M SM f Jul U M ■EMTEMANEA 2 Jun 23 Jun U Jul 12 Jul 13 Jul If Jul Acupttng CARGO for Gujdtioups IteftifMQiM A Ciymm (MED CLUB MEMBER) NEW OASIS CMEX PIONEEJt 22
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  • Page 20 Advertisements
    • 276 20 CONTAINERSHIP SERVICE TO UK/CONTINENT CONVSEMI CONTAINER SERVICE TO EUROPE CONV'SEMI-CONTAINER SERVICE TO MED EUROPE SP PK PEN TRIES LEX BILBAO HBG B'HAVEN MB TIVAT 17* 1* I*7 ltP IMP 27/7 24 23/7 HAMMONIA 2/7 3V WWW W CONTAINERSHIP SERVICE FROM UK CONTINENT mm SOUTHEASTASIA PTE. LTD. INTERNATIONAL FREIGHT FORWARDERS CONSOLIDATION
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    • 511 20 FULLY CONTAINERISED SERVICE If TO EUROPE VIA SUfZ ol lhe Cf Consortium 7/7 1/7 U/7 12/7 14/7 4/S 5/S MM U* HillY CONTAIN!RISfD 10 FROM NORTH SMfRICA WIS! COAST 3 m mi m s S CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL KUANTAN S'PORE LOADING FOR WONSBON VJ4 5/7 DUBAI, DAM
      511 words
    • 478 20 K&S LINE JAPAN/HONG KUNG/STHAITS SfcHVILt E (S) P 143 Cec4 Street alO 04 GB Burfdmj Spoif 0106 let ??19?55 Pent Kelanj lit a Pma Stspp.ii Sdn Bhd lei 03 *****?4 5 Prc.mt Malaysia Irjde Transport ltd lei 04 *****3 Pas* t.jdanj Malaysian Sfuppmf Hjenoes Sdn Bhd Trt 07 *****0 yOL
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    • 1115 20 EVERGREEN Fill! C»>!.!,-u>, Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) SGP NBC FIX EVE* GUARD In Pt 2/7 4/7 6/7 7/7 1/7 EVER GOING 17/1 1/7 10"? 12 7 117 14 7 EVES GROWTH 250 li/7 11/7 207 21/7 22/7 ANW LHV NYC NFK CMS KSN TYO OSK PUS
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  • Page 21 Advertisements
    • 650 21 PACIFIC INTERNATIONAL LINES \\fc\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL GOWA HOT A StNOA MAJAPAMIT in %n in 13n tvr i %n is/7 29/7 31 ft 2/S •MUR MURORAN (HOKKAIDO) *HTC HITACHI INDONESIA CONTAINER SERVICE BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER
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    • 680 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS IKJJEBSEN LINE NEW ZEALAND TB NEW ZUUHI. PAPUA NEW MINE* FIJI Ml MNTN PACIFIC ISLANDS SIN NOUI 21/7 22,1 PONT MORESBY LAf w van EBSEN NAPIER ¥12
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    • 626 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SANUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES I.W.lJiliiaii IM VESSEL/VOY EMMA F/ICH-WB KUTAI/12WB S PANJANG/16WB GANDA BHAKTIIIWB 121-21/7 I— ANTWERP BILBAO BREMEN A DAM/R DAMH BURG 21/7 11/7 —6/19/1 21/1 24/1 27/1 s* an Subject
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    • 407 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok 11/11 June 12/ M June 14/20 June 12/14 June 11/20 June Loading for Europe £3 BANK LINE NORTHBOUND TO UKC TAMAITAI SAMOA V lON FORTHBANK VI9N SPORE RDAM HULL 4/7 27/7 30/7
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  • Page 22 Advertisements
    • 1401 22 fat K"LlrlE SHIPPinG-DftTfi ATLAriTIC COAST (Round-The-World Service) RAINBOW BRIDGE V 7 N. GARNET V 9 0. FREEDOM Vl4 •VIA FEEDER •PK/PNG Sid 12 Jun 19 Jun PACIFIC SDUTH-WEST FEEDER VSL 'PK/PNG SP MOTHER VSL LA/LB OAK CHICAGO f RAINBOW BRIDGE V 7 Sid 12 Jun MACKINAC BRIDGE V 6 5
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    • 775 22 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Contains* Faadar P.Halanc llmr Vaual S pon iMatti Fraia Sjdn Aho Aom P Imar VaualS pan IkWt Frwn Sfdn Aho Aon "RAMOAS" V 29 14 jun* 29 Juna I Ji* <My Adal/Oro CALABAR *35 19 Jun* "CHANOIDAS" Vit 21 Jum 12 July 21
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    • 820 22 STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN Colombo/Karachi/Dubat/Oammam GOLDEN WONDER Cotanbo/Karachi/Dubai/Dammam CHINA SERVICE DAI YUN SHAN Hsjnkanj GOLDEN LINE GUAN GUAN SUPPING (PTE) LTD 21. TcM >rr Stmt »uraK 0104 m sjtrni us uu> Far smssm S'port PKeianjPetv 11/12 J una— S/» July CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF
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    • 437 22 I PHILIIRON SHIPPING AGENCIES PIE W PHIII ORIINI LINES PIE TP Y' HMD OfflCf 63 ROBINSON ROAD #07 I. 1 AfRO ASIA WJII DING SINCAPORI 0106 id 2imi7 t iimm IHfl RS ?8'?0 PHHI ??tt676 MIDDLE EAST/FAR EAST FCL ft LCL SERVICE ETA SINGAPORE (DESTINATION iTO?,|y^! ?rt EAST/WEST AFRICA/MED PORTS
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  • Page 23 Advertisements
    • 805 23 NEPTUNE AGENCIES PTE. LTD. c "j*" ST T Ttrmirul CFS WOKINGS *****53 *****42 mmi mm NEPTUNE ORIENT LINES LTD -r~ NEPLINE SON BHD 36MM7 NEPLINE SON BHD *****33 NEPLINE SON BHD *****5/*****0/*****1****** NEPLINE SON BHO. 23M40/***** INWAPD/OUTWARD ENQUIRIES *****44 o4 Um ACE Consortium Havre 6/7 13/7 20/7 27/7 3/1 10/8
      805 words
    • 550 23 OONAM HEUNC-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, BUSAN. INCHON Vmul i Name S port Penang P Keiang Busan I No DonjmTMN 19/ C 22/K 24/1 «/7 M EntorpriM/711N 25* 21* J/7 No 7 Donam/TON J/7 1/7 17/7 No I Oonm 705N %ft tin W
      550 words
    • 660 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANC PENANG M/S HANDLING SYSTEM CO SON BMD MESSRS HAI THONC SHIPPING 127 Pcnanf Strait, Pwwnt
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    • 25 23 FERI MALAYSIA SDN. BHD. 7W- RORO CONTAINf R Pfll If TISiD WEEKIY SERVICE 10 KUANTAN KUCHING K MNA6AIU AISC ACCEPTING SEIF DRIVEN HEAVY VEHICLES wnswrm
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  • Page 24 Advertisements
    • 380 24 SINGAPORE SHIPPING CORPN.CPTE] LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD Vt B DtUTFRACHT SEEREtDEREI ROSTOCK li i :rTCJiri^MC T i^wtrMiG7i— If r I IPMgTMMtjMMMI li'"r"i iramrsmrHi Hmi •VIA COLOMBO: Accepting car* lor INDIA Bombty, Cochin 1 Itodris, EAST AFRICA Dar-Es-Salaam. Mombasa I
      380 words
  • Page 24 Miscellaneous
    • 178 24 m Regional Weather a "A M m 1W 2 k i a w >N 35 <Z± i IS SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: cT* Wind direction with speed in knots Wove height R Thunderstorm Temperature •<; AS. T7 Shower Weather Wind direction with speed
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  • Page 25 Advertisements
    • 291 25 wmm CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR 04 *****2/4, *****3 07-*****8, *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE THMIM J I.M •fJT'i' TTT MTHR VSL P. SUNSHINE 1M N DELFT FEEDER I. BUTANG 347 B
      291 words
    • 333 25 MN CONTAINER LINE lIQA 14/6 TO: LA/LB, QAK/SF, N.YORK W* 21/6 LA/LB, OAK/SF, N.YORK ACCEPTING LCL/FCL TO ALL PORTS/IPI TRANSTAINERS LINE WEST AFRICA SERVICE PEN/PK SIN TO: DAKAR. CONAKRY 22fi a* Sf6 Xfi ABIDJAN, LOME CONTONOU, DOUALA LIBREVILLE. PORT GENTIL P. NOIRE. LUANDA ACCEPTING LCL/FCL TO:AUSTRALIA KEE/KAO Aaagbnjtor Id day
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  • Page 26 Advertisements
    • 366 26 &FARCO SHIPPING COMPANY I PTC I LTD REGULAR EXPRESS FULL CONTAINER AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europa/Madnerranaan Vel TUT EXPRESS L HUDIG BRUSSEL ANTWERP CSBE3IE3IOH EMTMTMTM i m- A-' 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS
      366 words
    • 581 26 A L Africa Oct an Lines Lid. I 1 M 1-MWA ACCEPTING FCL/LCL BREAKBULK TO: LAGOS/ APAPA, PORT HARCOURT, WARRI, CALABAR, SAPELLE, TEMA. CONAKRY AND OTHER WEST AFRICAN PORTS VESSEL BMTA YAR'ADUA M/V EKESOS ETA SPORE 29/6 6/8 COLUMBUS LINE REEDFRE! GMBH (A SERVICE OF HAMBUkG SUD) EXPRESS SEMKOWTAJNEfI SERVICE
      581 words
    • 392 26 MOL Mitsui OS K Lines Lid CONVENTIONAL/SEMI-CONTAINER CONTINENTAL PARTNER VOY. EABI2A 20 Jun Mombasa, Daressalam GLORIA PEAK VOY. SWA34A 1 Jul Port Louis, Reunion OCEAN ELITE VOY. EAA34A 7 Jul Mombasa, Daressalam SUBJECT INDUCEMENT Mombasa. Daressalam, Tanga Beira. Tamatave AFRICA'S HIMALAYA MARU VOY WAB2BA VAR VOY WAA3A Rmks: Subject Inducement
      392 words