The Business Times, 16 June 1987

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, JUNE 16, 1987 75 CENTS
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  • 188 1 Exchange ratoa Singapore dollar cloeed weaker against the US dollar yesterday at $2.1155/65 ($2.1090/1100). The local currency also finished softer against the HK$, but firmer against the M$, yen, Swiss franc and DM. US$> 144.20/30 yon, 1.8165/75 DM, S$2.1155/65 £> US$1.6465/75 M$t S50.84.53/60 Overseas marinto HK Hang
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  • 650 1  -  First tranche of 30m shares may be followed by another 30m By ELAINE KOH TEMASEK HOLDINGS, ths investment arm of the government, is making a secondary public offer of 30 million sharee in Singapore Airlines priced at $13 each from today till June
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  • 614 1  -  ZHOU MEI Economics Correspondent WITH 20 YEARS of regional cooperation behind it. it is time for Asean to move forward into a new phase of cooperation, urged Prime Minister Lee Kuan Yew at the opening of the 20th Asean
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  • 317 1 ASEAN FOREIGN ministers yesterday reached a tacit understanding to apply the 6-X formula for projects undertaken by the regional grouping. The formula would introduce a degree of flexibility when implementing projects but the ministers agreed that policy decisions would still be based on consensus. The
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  • 451 1 Reuter THE REAGAN Administration plans an assault on the Senate trade Bill when the lawmakers open debate this week, but an equally aggressive fight is expected from Senators wanting tougher trade protections, Senate aides say. The Administration is looking for support
    Reuter  -  451 words
  • 212 1 TRADING waa relatively subdued on the Singapore atock market yealerday, with marginal profittaking denting many oountsts. The Straits Times Industrial Index fell 10.77 points to ctoee at 1,216.36 while the Bueiness Times Composite Index fed 6.54 points to 1,086.84. Losers led gainers 148
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  • 66 1 Reuter THE US DOLLAR jseHrdaj began the weak abunyei agalwat other currenciee, helped by alightfy batter US trade figures and a Japanaee statement that the recent Venice summit had agrsad that the currency'a alkie had gone far enough. The dollar in eerty European trading roae to nearly
    Reuter  -  66 words
  • Page 1 Advertisements
    • 110 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Transparent Ink Feeder Structured to function exactly like a fountain Metal Ball lip For extra smooth, highly flexible writing signing in blue, black and red. The good, old fountain pen makes a Victorious comeback in the best, bold form of the Pilot Hl-Tecpoint V
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    • 346 1 FOCUS, Pag* I Dhanabalan piHnh out chaltongos Om—ncif looks at what Naa ahaad 2 th ASEAN MMSTBHAL MEETMG/ POST MHSIBHAI CONFEKNGE km 1987, Sfrgaport Blazing a trail on rails IS IT POSSIBLE to run a mass rapid transit system on a private basis? Singapore is going to try and challenge
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    • 7 1 <_&,?)|],]*{^`_-|`~{=|?}}>>%-%_ rrofvcuoviifiTi wvii nun world •cooomy, Pigt 6
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    • 246 1 Nikon THEWORLD'S FINEST PHOTOGRAPHIC SYSTEM Ft* report, Pop* 1S Aaian Hocks, Pf 11 DONT LET THE INITIAL Kim PUSH HOME OWNERSHIP^ We offer home loans without you having to come up with the usual 10% downpayment. Hongkongßank also offers other attractive features: 100% financing Quick processing allows for verbal confirmation
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  • HOME NEWS
    • 623 2  -  By ANNA TEO FRANCE'S leading mortician Km taken a 20 per cent «take in its Singapore counterpart, Singapore Casket Co Pte Ltd. In the offing is a joint venture to provide supplementary services such ss a death insurance plan. The OGF/PFG group, a
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    • 269 2 EXPLORING potential areas of trade end economic cooperation will be the focus of talks between a visiting Irish minister. and Trade and Industry Minister Brig-Gen (Res) Lee Heien Loong this morning. Irish Trsde and Marketing Minieter Seamus Brennan said he would
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    • 335 2 THE research arm of the National Computer Board has teamed up with America's second biggest computer company to carry out research and development in office automation products. The agreement with Digital Equipment Corporation (DEC) was initislled at a signing ceremony at the National
      335 words
    • 85 2 IN OUR rsport ysstsrdsy headlined "Two sitss at Sixth Avenue up for sais by opsn tender", It was mentioned that the sites were owned by the Sindo group. Sindo yeaterday clarified that the aitea were owned by Sindo Sixth Avenue Development, a company that waa formerly a
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    • 61 2 HONQKONQBANK it Id Introduce longer depoeit periods of 18, 24 and 36 months for its Singapore dollar term depoeits from today. Rates for the extended depoeit options will be 3.75 per cent for 18 months; 4.25 per cent for 24 months; and 4.375 per cent
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    • 559 2 Seminars and courses DURATION Jun 24-26 Jun 24Jul 8 Jun 25 TITLE How to Reduce Costs Through Value Engineering Total Quality Control Workshop 1 Computer Fraud The Danger Signs VENUE SIM Conference Room National Productivity Board Westin Plaza Hotel OtGANSER Singapore Institute of Management National Productivity Board Coopers
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    • 107 2 WESTINQHOUSE Furniture Systems, which is in the office furnishing business, has appointed local company Repro Office Automation as its sole distributor for the region. This is the second time that Westinghouse Furniture has awarded sole distributorship for its products in the Far East since
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    • 117 2 TRADEWINDS and Malaysian Airline System (MAS) have been jointly operating to Pulau Tioman since April 1 this year, providing a total of 13 weekly flights. From Seletar Air Base, MAS operatea six flights and Singapore Airline's subsidiary, Tradewinds, daily flights. Tradewinds and MAS
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    • 651 3  -  By LEE HAN SHIH Property Correspondent IN WHAT WAS POSSIBLY the biggest tenant fight of the year, Singapore Land had lost Bank of America as an anchor tenant to Malayan Credit Ltd (MCL). BofA will move its entire staff of
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    • 463 3  -  Euromoney says Republic falls short of expectations By SOH TIANG KENG Financial Correspondent SINGAPORE can maintain its position as an important regional banking centre but its prospects of becoming a full-fledged financial centre are still uncertain. This is the view of Euromoney, the
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    • 359 3 RATHER than poeing a threat, Tokyo's emergence as a financial centre has preaented the Singapore International Monetary Exchange with an opportunity for growing bueineea. This is the asseesment of Mr Ng Kok Song, chairman of Simex, who maintains that the current
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    • 323 3 COSTS OF developing water resources have escalated over the year*. The Sungei Seletar/Bedofc water scheme completed last year, for example, coat four times mors than a similar-sized project completed in 1975. The stesply rising cost of producing water was discussed in an intsrvisw
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  • Page 2 Advertisements
    • 93 2 Luxury Apartments in the Heart of the City T 3 > m W JH 9* I "T7> i n V u <:A r,< A I ■*■>: L a *> A M. w Bookings A Enquiries: CITY DEVELOPMENTS LTD Sales Leasing Centre 36 Robinson Road #2001 City House Singapore 0106 Tel:
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    • 45 2 Hotels Worldwide Call *****55 Kuala Lumpur Bangkok Hong Kong Fiji Sydney Melbourne New York City Chicago Auckland Dusseldorf Okinawa Beverly Hills OPENING 1989 Taipei Djakarta Istanbul REGENT INTERNATIONAL HOTELS Sales Reservations Office: 230 Orchard Road #07-230 Faber House, Singapore 0923. Tlx: REGTEL RS *****. j;
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  • Page 3 Advertisements
    • 30 3 Jd. mom. ■M m m: mm* *1 *il S-..T5K V" N *< V* iw, THE CHARISMA OF THE FILIPINA. IT COMES FROM SOMEWHERE DEEP WITHIN. AND IT SHINES ON EVERY FLIGHT.
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  • Page 4 Advertisements
    • 464 4 When you consider the size and variety of the financial risks that almost every large company has had to manage, it's a tribute to their treasurers that any companies survived at all let alone emerged successful. With a blend of science, creativity and (occasionally) crossed fingers, company You're producing great
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  • ASIA-PACIFIC
    • 339 5 AP JAPAN'S Ministry of International Trade and Industry has urged domestic producers not to divert exports of three electronics consumer goods to the European Community to escape punitive levies in the US market, according to a ministry official yesterday. "We asked dozens of Japanese
      AP  -  339 words
    • 659 5 UPI VIETNAM, which prides itself on a long history of throwing for* signers out of the country, now wants to lure them back as tourists. Most visitors these days are from the Soviet Bloc, but the government is looking to more
      UPI  -  659 words
    • 476 5 UPI THE US has not ssked for end will not be granted military bases anywhere in the Gulf region, Bahrain'a Information Miniater haa said. The same applied to the Soviet Union and all other powers of East and Weat, Mr Tariq
      UPI  -  476 words
    • 90 5 Reuter IMPORTS by Saudi Arabia, whose economy waa depressed laat year by lower oil prices, declined 17 par cant in 1906, but non-oil exporta and re-exports roaa 34 par cant The Saudi Finance Ministry said imports laat year ware worth US$lB.B billion, with 40 par cant
      Reuter  -  90 words
    • 364 5 Move unlikely to affect poll standings: analysts Reuter AUSTRALIA'S main opposition Libersl Party yesterday pledged to commit the country to aupporting the US Star Wars Strategic Defence Initiative. The Liberal Party, unveiling its defence policy four weeks before elections, said Australia's defence links
      Reuter  -  364 words
  • Page 5 Advertisements
    • 422 5 i ■egetabie terrine, chicken lifer terrine. pati maison 4 fine de clair, no 2 oysters chicken par Jan. smoked salmon, prawn, marinated mussel crab claw, smoked eel. black forest bam. poached salmon medallion fish terrine. teal lifer sausage, marinated mackerel, carpaccto (of beef) cream of tomato soup with leaf of
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  • Page 5 Miscellaneous
    • 39 5 Doonesbury SO HON CUP <jrrjfr OP-ma woman STHKB w« r. r.' »i IV 22 i t m to m BY GARRY TRUDEAU Jgff, SHCS6ONS H&WK Hornse. x 2 •<* r H H <? 3 S •V 'X •"51 ■m 3 c
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  • 646 6 ARRIVALS Operator Sorvic* number Local ttm« From SiA SQ956 1 355 DPS SU SQ109 1405 KUL su SQ455 1410 •WN THAI TG405 1415 8KK/HKT sv SV399 1445 CGK GU GAM1 1450 LGW/ZRH/AUH THAI TG4I3 1450 BKK CPA CX713 1455 HKG/IKK KIM KL831 1455 AMS/KW1 ZRH/GVA/IOM swt SRI
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  • REST OF THE WORLD
    • 529 6 AP THE BANK for International Settlements (BIS) warned yesterday that protectionist measures proposed in the US Congress were a threat to the world economy and would specifically hurt the US. It said confidence in US growth prospects would be served best by preventing a
      AP  -  529 words
    • 154 6 Reuter THE FRENCH ECONOMY should improve in the second half of this year. Finance Minister Edouard Balladur said on Sunday, ruling out an economic policy change in favour of early reflation. He told a television interviewer "We have to continue doing what we are doing now.
      Reuter  -  154 words
    • 235 6 AFP BRITAIN'» new Energy Secretary Cecil Parkinson, back in the Cabinet after four years out in the cold under the cloud of a sex scandal, said on Sunday his first priority would be to privatise Britain's electricity industry. He told the British Broadcasting Corp (BBC):
      AFP  -  235 words
    • 387 6 AP POPE JOHN PAUL II left his native land insisting that truth and freedom are essential for Poland, but the nation's leader General Wojciech Jaruzeiski emphasised that only the communist authorities can determine the country's future. Gen Jaruzeiski, in a farewell to the
      AP  -  387 words
  • Page 6 Advertisements
    • 250 6 JI 1m J w Ifl 1m The business person's choice, every I 1 II 111 I Tuesday, Thursday, Saturday and I 1 f| II I Sunday. Leaving Changi Airport at JL 1 22:05 hours and arriving at Lester B. Pearson International Airport the folbwing day. Call your Travel Agent or
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  • COMMODITIES
    • 282 7 RAS prices in S MiUdfcg. FOB In batoi 1 NOON ciose Boy on Sellers Buyon Solon Int 1 RSS Prompt 213.50 214.50N 213 JO 214 JON Int 1 RSS My 87 211.75 212.25 211 JO 212.00 Int 1 RSS Aug 210.50 211.00 ***** 210.75 Int 2 RSS
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    • 78 7 J I pcrfMi) JULY 87 AUGUST 87 (currwtf month) (forwai rd month) RAS NOON fcnw* Saltan NOON SSI 20 HI JO 183JON ItlJO 180J0 183J0N S» 50 180 JO 181J0N 181 JON SaMan Bvyws SaMan SMI CV 237.00 259.00N ***** *****N SMJt L 258.00N 257.00 259.00N SMI
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    • 253 7 Cruda palm oil futuroe cloaad easier yaatarday in very sluggish trading. A lack of fresh incentives and the absence of overseas developments saw operators reserved. July cloaad at M 5754 a tonne, while August and September ended at M 5746 each. Crude palm 0« pricee cloeed mixed yaatarday
      253 words
    • 236 7 Chinese Produce Exchenge Soflors' noon doting prl Iom on J«no 15 (SI/100 kg) Coconut oil Mk FOB 90.00 OW drum FOB 100.00 Now drum FOB 104.00 Copra Mix*d (loot*) 52 —M Pepper itnin FOB NtW 1 1«5j00 darawoK WTWT# FOB foq NLW 1150.00 Sarawak ipodal Made FOB NtW
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    • 350 7 SMQAPORE The market closed slightly lower yesterday with July One RSS buyers quoted at 211.50 cents per kg, down 0.50 cent from laat Friday. The morning session lost 0.2S cent on lack of buying interest in thin trading. Prices lost another 0.25 oent in very quiet afternoon trading due
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    • 88 7 THE PRICE of Mn en Wm Kuala Lumpur Tin Martial oTMtlfjia per^fellow! spat In market laal apeak. Dealers Mid after a law quick isctiaauM, Mddars and aallara daddad la etoaa daala at tha apanlng level of MSI6.M. Pinal turnover was 111 MM rvlQlyi WnR MMv ceeh-etrapped mlnara wMng
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    • 78 7 EAST ASIAN petroleum products saw a quiet start to the week yesterday. Naphtha weakened on little buying interest end kerosene was slightly firmer. Other products were stable. Crude (FOB origin) USS/bon» Cfcav* 0*4 (My) 17.21 W«t Tmam wn (Mr) +aio Products (FOB S'pore) USS/barrai QlORQI lf«rQl»n 2075
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    • 245 7 HONGKONG: Closed TOKYO: Futures closed lower yesterday but above the day's morning lows in quiet trade. Profit-taking and liquidation dominated the market after New York prices fell last Friday. But the yen's fall against the dollar here marginally cut earlier falls toward the close. Many professional dealers in
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    • 282 7 Bernama lOWA GOVERNOR Terry Branstad said it was very unfair for American soya bean producers to continue with their anti-Malaysian palm oil campaign. Expressing support for the free trade philosophy, he said if American soya bean producers wanted fair treatment for their
      Bernama  -  282 words
    • 71 7 Bernama FARMERS could be taught the benefits to be derived from new information technology such as computer communication, satellite communication, television and radio facilities to upgrade productivity, Malaysian Information Minister Datuk Mohamed Rah mat has said. His speech at the closing of the"Agricultural Communication"
      Bernama  -  71 words
    • 373 7 AFP THE COCA LEAF, traditionally chewed and brewed in the Andes, is at the centre of a national debate in Bolivia over ways to curb the plant's other, far more lucrative use: processing into cocaine. The controversy was caused by
      AFP  -  373 words
  • Page 7 Advertisements
    • 38 7 A good office, at the right p.a< e makeo a substantial difference to the performance of your company. Jones Lang Wootton has expenence and range to put you just there CONSULT US! Jones Lang Wootton 532 3888 4
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    • 209 7 100% WESTIN AT 40% OFF The Mid Ifear Bonus at the Wfestin Stamford Westin Plaza The Westin Stamford 8c Westin Plaza Hotels are exceptional places to stay at any time. Now, from 1 June to 30 September 1987, luxury becomes even more affordable with our 40% off Mid Year Bonus.
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  • FOCUS
    • 377 8 Call for flexibility in ties among member nations ASEAN Jfll MINISTERIAL /iiif MEETING June 15-16 THE CHALLENGES before Asean today include both old and new problems. Singapore's Foreign Minister anid chairman of the 20th Asean Standing Committee, Mr S Dhanabislan, listed these as the
      377 words
    • 314 8 AMENDMENTS are to be made to the 1976 Treaty of Amity and Cooperation in South East Asia to allow Papua New Guinea to become a contracting party to it, said a conference spokesman. Asean officials will start working on the amendments
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    • 406 8  -  By LOH HUI YIN ASEAN foreign miniaters feel that the United Nations has a bigger role to play in the search for a solution to the Kampuchean problem. This view emerged after they exchanged notes on developments on Kampuchea yesterday morning.
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    • 484 8 ECONOMIC COOPERATION is a subject close to the hearts and minds of Asean foreign ministers. There is consensus that the future of Asean's prosperity lies very much in success in greater economic ties. All are concertedly searching for new initiative» to
      484 words
    • 727 8  -  By ZHOU MEI JUST ASSUME that there Is a boundary right round the nations that make up Asean. What do you see in its topography? Just land, a peninsula, islands a great number in all shapes and sizes and vast expanses of seas?
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  • Page 8 Advertisements
    • 279 8 CREDIT PLUS A new revolving line of credit. c-. I ti =1 liii f :v t~~~ f~~ t. t «V *4 > SINGAPORE FINANCE limited r V.tO^ G SAOO 0) Just what you'd expect from Singapore's leading finance group. What la Credit Plus? With just one application you have a
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    • 103 8 Thai Buffet Promotion sth 20th June Savour the best of Thai cuisine. Three chefs from the Royal Orchid Sheraton Bangkok will tempt you with their creations. Sumptuous Thai soups, favourite cold and hot dishes, desserts and fresh fruits. At $16.50 per adult and $10 per child under 12, going Thai
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  • Page 9 Advertisements
    • 153 9 INVITATION TO APPLY FOR SHARES IN SinGAPORE AIRLinES TEMASEK HOLDINGS (PRIVATE) LIMITED invites applications for 30,000,000 Shares of Ssl.oo each in Singapore Airlines Limited at 5513.00 per Share TEMASEK HOLDINGS (PRIVATE) LIMITED reserves the right to increase the size of the Invitation up to 60,000,000 Shares depending on investor demand
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  • FEATURES
    • 595 10 THERE are as many varieties of conservatism as there are conservatives but these could be boiled down to two seminal types. The first might be called conservatism by default; the second, creative conservatism. There are many reasons for Mrs Margaret Thatcher's victory at last week's
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    • 1832 10  -  By LIM SOON NEO IF THERE'S A WILL, there's a way, even if it's a brand new mass transit railway. So if all goes well, in December this year, Singapore's Mass Rapid Transit system will be run privately the moment the passenger service starts. Because
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  • Page 10 Advertisements
    • 350 10 The Directors of Sing Investments Finance Limited and its Subsidiary Company (The Group) are pleased to make the following announcement (I) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1986 The Company The Grouo The provisions made for income tax for the Company and the Group do not contain any
      350 words
    • 55 10 H 37 it rv T— I f 'O i' *JaE(,E R-LECotJLTRj> Htf 101 IJO M<>onphusrs' gents' model by Jaeger-l>e Coultre. Aut< >matic movement with complete calendar. Available in SINGAPORE: Sincere Watch Pte Ltd Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: C.I.L. Centre Hilton Hotel Woo Hing Bros (M)
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  • Page 10 Miscellaneous
    • 689 10 RriStoW^PanlcDiciens X UOUUDN'T WP»/e siboD fob it, i can "Teu. you vD wpye mm KtslUCXle. But TneM vou P»ND I ARC. CornPi£.Tfej_\j D'FFSgeNT Types 1 y HOU CAHVOU L£T ruDGe TALK to >00 u<€.thats rue. things HecpMxeD you! p^d^du JOSTSPiT TH£R£. PIND TOOK IT' x~v //I >■>; @QtDsaa3oQE> CRYPTIC PUZZLE
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  • SPORTS
    • 268 11 Reuter AMERICAN J C Snead paired the first hole of sudden death in Harrison, New York, on Sunday to defeat Spain's Seve Ballesteros and win the US$6OO,OOO Westchester Classic with a 72-hole score of eight-under-par 276. Snead, 45, who last won in 1961, birdied
      Reuter  -  268 words
    • 51 11 Reuter THE golf world cup. with prizs money of U*****,000, will be staged in Hawaii from November 18-21, a spokesman for the organisers said in London A total of 32 countries will take part in the tournament with US$lOO,OOO each for the winning two-man team.
      Reuter  -  51 words
    • 327 11 AP THE Los Angeles Lakers and Magic Johnson won it all because they had it all. "It's great to be a champion again," Johnson said after a 16point, 19-assist performance in the Lakers' 106-03 victory over the Boston Celtics on Sunday. The
      AP  -  327 words
    • 455 11  -  By WALTON MORAIS IN A WEEK of high quality tennis, the biggeot regret was that so few people gave themselves a chance to enjoy it. The Pro Kennex/Bonds Grand Slam Asian Satellite Circuit tennis championship at the Singapore Tennis Centre laat week produced aome
      455 words
    • 359 11 AP NINETY-SIX HOURS of racing doean't aound like much. But Al Holbert of the United Stales and Derek Bell of Britain have totalled that in tour big races and won uWTi ail. Their lateet victory at fee La Mana, France, It
      AP; Reuter  -  359 words
    • 359 11 UPI MICHAEL SPINKS, heavier than ever for a fight remained the little guy in his David v Goliath matchup yesterday (Tuesday, Singapore time) against Gerry Cooney. Spinks. defending his claim to the heavyweight title in the scheduled 15-round bout
      UPI  -  359 words
  • Page 11 Advertisements
    • 159 11 Where else puts you in the heart of Malaysia's capital A at such affordable prices. Where else offers such a haven 9 of relaxation and brings you the luxury of the city's largest I] 5 Shongri ta hotel h° te l roonis. Where else but the Shangri-La Kuala Lumpur. KUALA
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  • Page 11 Miscellaneous
    • 1185 11 Play golf the Sevvy way SOMET/P1ES /TPAYS TO PLAY SAFE ESPECIALLY V/H6H A FLAG ST/CK /S posmoHEo £»pectiy BEH/HO A PEEP SOHKEP /A/THESE C/PCCMtSTAHCES QOFQPTHE SAFE POC/TE TO THE GPEEH,.. THE CHAHCES OFH/7T7HG 7HE PEPFECT SHOT APE OUTWE/GHEfr &Y THE P/SKS OF &VP/A/G UP/H THE HAZAP£> AS/fr MAK/H&A BOGEY. >MC.
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  • INTERNATIONAL COMPANY NEWS
    • 622 12 Products will still be available in the country NYT THE FORD MOTOR CO is poised to soil its South African interests in a complex deal that would give its predominantly black work force a major share of the business, but leave its
      NYT  -  622 words
    • 365 12 NYT UNITED AIRLINES will almost certainly emerge from the current takeover battle for the Allegis Corp as an independent company. The odds are just as great that the airline will emerge much weakened. Even now, the airline ia struggling under
      NYT  -  365 words
    • 514 12 NYT SHAKEN BY recent breakdowns in outdated trading systems and challenged by relentless technological advances, the US's financial markets are considering steps needed to keep them competitive in global finance into the next century. The danger, though, is that the exchanges
      NYT  -  514 words
    • 322 12 Compass World Reports WHEN the Paris stock exchange moved into its new home In 1827, just 71 brokers set up shop behind the Corinthian columns of the stately facade. One hundred and sixty years later, there are still only 71, many of them descendants of
      Compass World Reports  -  322 words
  • Page 12 Advertisements
    • 448 12 <&' H Wlfcere wim, iisre vnteti&in Ls SHOKADO TtfATSH 4U««n 12 different sets of Japanese lunches priced from $10++ to $20++ per set Lunch: 12 Noon 2.30 pm Dinner: 6 JO pm -10.30 pm BfiFURAMA "II" SINGAPORE HOTEL 10 EuTong Sen Street Singapore 0105. Td: 553 3888 novotel orchid inn
      448 words
    • 181 12 That's how we count at The Lounge during our Happy Hours from 5 pm to 7 pm daily When a guest has had two similar drinks the third is free And every night at 8 pm except Sundays. The Melody Band from the Philippines entertains in their inimitable style HU»£E
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  • ASIAN STOCKS
    • 452 13 Reuter TOKYO: Share prices closed lower for the first time in three sessions on concern prices may have recently risen too quickly and due to a lack of strong buying themes. The market index fell 137.83 to 25,758.44 after earlier rising to 25,985.85. Declines led advances five to four
      Reuter  -  452 words
    • 75 13 JUNK IS POM <- Oriantal B QUI nwl vVVVMH.... .0.0525 0.0025 ..0.0660 uncti ntJ" 8 Amk Mining B 0.0675 0 0025 PtoooB PLOT seo 45 Ami Con. B 25 unch Qo4d San Mtflua4 B 163 6 0.015 ft lit .0.023 unei\ Bute PMroliyfn.., Banguat Coo. B.... unct> 153 -27
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    • 529 13 SYDNEY: Australian share markets closed lower in subdued trading yesterday as investors took profits in the gold and mining sectors after strong gains last week, brokers said. Industrial stocks were also mostly weaker but solid gains among leaders offset losses to some extent. The selling was sparked by sharp
      529 words
    • 113 13 JUNE 11 Ctajj Sugar 900 Kal 1470 •20 ***** Kangwon Ind Kla Motor ***** ***** -90 90 200 Daawoo Corp Daewoo Heavy OalaNn SacurMaa... 1166 ***** 3710 '*390 -4 -300 -90 Koraa Long Tarm.. Lucky Ltd Oriental Brewery... Oriental Cham ....2300 1490 ***** ***** -44 -20 -60 Dong Suh
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    • 239 13 JUNK It NT t 4-i. Kolln 31 90 0 1 AM Sinew* Indus Aata Cement 4.30 46 BO unch Kuochan Oav Laa Chang Yuan Cham Indue 34.20 37 10 04 0J Camay Con* 70 SO 1.9 Lien Hwa Indue Nan Ya Plaa 24.90 09 Chang Hwa Bank..... MOO 1
      239 words
    • 127 13 jum it AoKhamThal A yudhyi 1 Bangkok AgnHnd BANT 1. 330 16 PoalPuMteMng Saha Union Stem Camant Stem City Ctmint 209 302 1015 932 •6 16 10 •16 Bangkok Bank. .307 246 -4 ♦1 Stem Cnnwntfclti B«n* 964 <4 Charoong Thai Win CaMa I 381 Stem Food Product Singar
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    • 149 13 UPI HONDA MOTOR CO, the world's largest motorcycle manufacturer, has agreed to cooperate in the manufacture of its motorcydee in Vietnam. The company said a contract to this effect was signed recently between a Japanese trading firm and a group of motorcycle manufacturing firms
      UPI  -  149 words
    • 64 13 Reuter WAH KWONG Properties Ltd had placed 39.1 million new shares of HK$l each at HKSI.6S with Hongkong and UK investors through arranger County Securities Asia Ltd, local newspapers said. The South China Morning Poet and several Chinese papers, quoted the company's chairman William Wyilie as
      Reuter  -  64 words
    • 207 13 Reuter SANTOS LTD has begun preliminary exploration work in the Papuan Besin Permit PPL-81 in Papua New Guinea, awarded in March, and set up Santos Nuigini Exploration Pty Ltd as a wholly-owned unit. PPL-81, held 100 per cent by Santos, covered an area
      Reuter  -  207 words
    • 321 13 Reuter THE PROPERTY development activities of Brierley Investments Ltd will be channelled into a new 50-50 joint venture company involving listed developer Wellesley Resources Ltd. Both companies said in a statement the new company would be called Brierley Cromwell Property Ltd. It would absorb the property
      Reuter  -  321 words
    • 192 13 AP JAPANESE EXECUTIVES have transformed a US car plant that waa a litter-strewn battleground between management and labour into a manufacturing success. New United Motor Manufacturing Inc a joint venture between General Motors Corp and Toyota Motor Corp has- shown that veteran union
      AP  -  192 words
    • 59 13 Reuter LAFE HOLDINGS Lid, a Hongkongbased computer parts makfcr, ia seeking to list on the Hongkong Stock Exchange through a public offer of 79.46 million 25 HK cent shares at HK$l per ahare. The issue comprises 80 per cent of new shares with the balance to be
      Reuter  -  59 words
    • 52 13 Reuter NEW ZEALAND-based Wattle Industries Ltd is to proceed with its one-for-three bonus issue, announced in February, to shareholders registered on June 26. Earlier Wattis aakf it waa reviewing the bonua in the light of the New Zealand Commerce Commission's rejection of the propoeed merger with Goodman
      Reuter  -  52 words
  • Page 13 Advertisements
    • 447 13 ii id wlae, and estisgrialsi ;#=p Start of A New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Gado Gado, Sate (Satay). spicy Rendangs, Ayam Goreng, Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience. The other half is |ust
      447 words
    • 152 13 Peking Sichuan Rmttaurmnt HOKKIEN-PORRIDGE MEWS DINNER/SUPPER Buff At SM. Choose from more than M 20 appetizing dishes. j Eat alt you can for only m Dinner/Supper Time: 7pm S t•h > A s V s r' ,> 1 h rC Select from our special lunch menus available when you dine
      152 words

  • BANKING AND FINANCE
    • 650 14  -  By HARIHAR KRISHNAN UPI CHILE was the first to implement officially a debt conversion programme and its success encouraged a host of other debtors like Brazil, Mexico, Argentina and the Philippines to do the same. On the supply side too, debt conversion received
      UPI  -  650 words
    • 318 14 Reuter SUDAN was expected to resume talks in London yesterday with representatives of 104 creditor banks in a fresh bid to reschedule debts totalling US$l.6 billion. But western experts in Khartoum, noting signs of further weaknesses in the Sudanese economy, said there was
      Reuter  -  318 words
    • 188 14 Reuter BRAZIL will resume interest payments on its foreign bank debt only if it receives US$7.3 billion of new loans, Finance Minister Luiz Carlos Breeser Pereira told a news conference last Saturday. The government of President Jose Sarney suspended payments on its
      Reuter  -  188 words
  • MONEY AND EXCHANGES
    • 280 14 ASIAN DOLLAR deposit rates closed little changed at opening levels yesterday after quiet trading with the closure of the Hongkong markets for a local holiday dampening activity. Period rates were up to 1/4 point lower at the outset in reaction to better-than-expected US economic data with April
      280 words
    • 792 14 SINGAPORE: The US dollar roee against most currencies yesterday in fairly active late trading following remarks by Japanese Finance Minister Miyazawa that leaders of the seven Venice summit nations had agreed the unit had hit bottom. His remarks, coming in the wake of last Friday's news of better-than-expec-ted
      792 words
    • 160 14 Intorba ink markK n Mm (offer/bkl) on Juno 15 7 4mr» 1 a* Mh 12 USI 7/t J/4 7 1/1 7 7 3/U 1/14 7 3/» 1/4 7 3/4 7 S/l 3/1* 1/1* 7/1 3/4 V4 ll/l« 13/1* 11/1* DM SWFC 17/l-S/l 3 1 l/l* 4 3/1*—l/l*
      160 words
    • Article, Illustration
      77 14 THE OVERNIGHT rat* on the Singapore interbank market cloeed 1% point lower at 4% per cent yesterday. One month roee point while the two and three montha remained unchanged. indicates the average of the prime lending rales of 12 ma|or banks in Singapore -V S$ interbank rates at
      77 words
    • 67 14 Treasury bills Period Y«st»r day's dosing Day's WD OFFEK HKX LOW 3 rnomht 2.73 163 2.68 265 6 mtorntm 2.80 170 278 2^2 Government Notes and Bonds P*riod Maturity Coupon Ywterday's doting Day's rot* MD OFFER HKJH LOW 2 yon 1.6.1989 3-500 99.90 100.00 99.95 99.93 5
      67 words
    • 592 14 FOLLOWING the strong closing last Friday in Chicago, September Eurodollar gapped up bullishly at 92.60 compared with Chicago's close at 92.57. Further buying interest saw the contract traded to 92.62 before profit-taking saw prices backing off slightly. However, Liffe opening saw the September firming to close at the high
      592 words
  • Page 14 Advertisements
    • 552 14 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 188) AND IN THE MATTER OF TRO JEWELLERY PR. LTD. (In Member*' Voluntary Winding-up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 27 North Canal Road, Singapore 0106 on 10th June 1987 the following Special
      552 words
    • 310 14 NOTICE OF RESOLUTION SLS MACHINERY SERVICES PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of Kyonlc Private Limited duly convened and held at 38-B Hong Kong Street, Singapore 0106 on the 10th June 1967 the following resolutlons be paeeed as Special Resolutions: "That the Company shall be wound
      310 words
    • 205 14 FOR SALE BY TENDER FIVE STRATA TITLED FLOORS OF GRTH BUILDING EAST COAST ROAD (DBS Katong Branch) next to Roxy Square TENDER CLOSES 4.00 PM 30TH JUNE '87 Conveniently located Outside CBD, GRTH BLDG is a 7-storey commercial building completed in 1974 Common Land Area: 22,147 sq ft Total Strata
      205 words

  • SHARE INFORMATION
    • 4126 15 SHARE PRICES on the Singapore stock market closed lower yesterday as profittaking ste Into early gains in relatively thin trading. The Straits Times Industrial Index dropped 10.77 points to close st 1.218.36 while the BT Composite Index fell 6.54 points to 1,006.84. Losers
      4,126 words
    • 237 15 SINGAPORE Rises Girt.—4 Part 1000 «Mn HMfi 1070 Mm SOt 473 A 6—i pili 279 Sm VWW 326 SIA 1330 PAN 1010 ICS 1010 Gnari Cmmm1 190 Falls Pfilo" 645 H Lmd| Cradft 400 H toy* 192 bm SOt 426 S Fhon 244 Nal Iran 619 Wiimii
      237 words
    • 4244 15 SECTION ONE MOUrrMAL I Minim 111 Aaao 022 B 2.24 Si Oil 22» CM 726 <181 727 B 230 M 227 (111 276 (9) 275 B 220 (IS 224 (22) 223 CD Mm «44 6 047 SI a 067 (II 087% M 04» Am* Stoal
      4,244 words
    • 548 16 WEAK SENTIMENT prevailed on the Kuala Lumpur stock market yesterday, with share prices finishing at the day's lows in moderate trading despite a steady opening. Loesee, however, were mostly marginal. Only a handful of counters managed to buck the easier trend. A
      548 words
    • 3092 16 BID and otter prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown to brackets to lots oI 1,000 units unless otherwise specified. INDUSTRIALS »>■■■llo 048$) Atcom (978 995) 00 101 ll«l 100
      3,092 words
    • 189 16 DUNLOP ESTATES Berhad: 20th AQM at 6th Floor Magnum Plaza. 128 Jalan Pudu, ***** Kuala Lumpur, today at 3pm. UNITED PULP ft PAPER COMPANY Limited: 20th AQM at the Conference Room, No.20 Liu Fang Road. Jurong Town, Singapore 2262, today at 11am. RATA (MALAYSIA) Berhad: 31st AQM at
      189 words
    • 107 16 HONGKONG Hum i■1. I, nonyicong motx Moodoy OoMd Ffiboy Wook ago IWUI Hang Swig lnd*x AN IndiNtrfab Monday 24J99 Friday *43j0 WMk ago OoMd NEW YO«( Dow Jones Friday WMk ago 3129.86 Friday *****3 TWrtoy 236a 13 Waak ago *****5 TOKYO Nfckat Avon >0* Standard Poors Friday *****
      107 words
    • 236 16 Mmo9*n' prtcm for Jww 16 S"gopoi> UrWt Trust fT'"? no i.ir J!**??! 0 101 $>°f» Prog Fund 044 QJO J,**** S* fund 0 78 043 pen j»M Fund 078 043* Sporo tqrtty Fund 0l54 qjq Asia Unit Trust Mai kMWl Fund 144 142 Mat frog had 041 044
      236 words
  • Page 15 Advertisements

  • Page 16 Advertisements
    • 1089 16 Standard ft Chartered Standard Chartered Finance Ltd (incorporated in the Republic of Singapore) Wholly owned subsidiary of Standard Chartered Bank BALANCE SHEET AS AT 31ST DECEMBER, 1986 SHARE CAPITAL STATUTORY RESERVE REVENUE RESERVE SHARE CAPITAL AND RESERVES LOAN PAYABLE CURRENT LIABILITIES Deposits from customers Deposits due to a related company
      1,089 words
    • 53 16 National Bank ASIAN CURRENCY UNIT FOREIGN CURRENCY DEPOSIT FACILITIES Special Rates apply to deposits of over A 5200,000 and over US$2OO,OOO respectively. Deposits in other currencies are on application. For further information please telephone our Retail Services Section on (Singapore) *****55. 11:. _TZ Singapore Branch 10 Collyer Quay #26-03/06 Ocean
      53 words

  • COMPANY NEWS
    • 532 17 HOCK LOCK SIEW UMW CORP BHD's annual report reads like a horror story. Rarely has an annual report gathered together so many auditor's qualifications. The audit firm, Hanafiah Raslan Mohamad, stated that the continuation of the group and company on a going concern
      HOCK LOCK SIEW  -  532 words
    • 485 17 MBT GENTING'S group results will be satisfactory this year after discounting the effects of its special interim dividend. Disclosing this in his latest annual statement, Genting chairman and joint managing director Tan Sri Lim Goh Tong says while 1966 posed some
      MBT  -  485 words
    • 105 17 HAW PAR Brothers International Lid will list its sharss on ths Hongkong Stock Exchange from today. UNITED OVERSEAS Bank has incorporated a wholly-owned banking subsidisry in Canada called United Oversees Bsnk (Canada) with a paid-up capital of C$5 million. HARRISONS Malaysian Plantations Bhd has had a change in
      105 words
    • 375 17 AYER HITAM Tin Dredging Malaysia (AHT) is expected to move into the property market in the near future and is believed to be currently holding talks with several property-related parties. Sources said the company was considering various types of housing and commercial development,
      375 words
    • 365 17  -  By HOMER CHEN THE CURRENT YEAR s profits of Central Properties Ltd may not be as spectacular as last year's, says chairman Khoo Ban Hock. Apparently writing from his jail in Brunei, Mr Khoo said in the latest annual report:
      365 words
    • 50 17 KEPPEL Corporation Ltd has informed warrant holders that the naw axarciaa prica haa baan fixed at $2.03 par stock unit Kappal had earlier ieeued $75 million of bonds, with 75 million detachable warrants entitling the holder to buy Straits Steamship shares at a former exerciae price of $2.20.
      50 words
    • 408 17  -  By LISA LEE EFFORTS are being made by cement manufacturers to rationalise the industry to reduce oversupply, says Tan Sri Khoo Kay Peng, the chairman of Malayan United Manufacturing Bhd (MUM). In the company's lastest annual report he says that domestic demand for
      408 words
    • 575 17  -  By RAMESH CHANDIRAMANI MUCH AS THE privatisation or diveetment programme was not designed or motivstsd by ths government's need to rsise cash, the financial flows have indeed been quite significant And the principal beneficiary is government investment company Temasek Holdings Pte Ltd. Since the policy
      575 words
    • 276 17 Bernama ES PROPERTY-BASED Metroplex Bhd expects better performance this year following an improvement in the property sector since the last quarter of 1906. Chairman Tengku Idris Shah aaid in his annual statement that increaaed demand for houses was apparent now following a cut in mortgage rates
      Bernama ES  -  276 words
    • 247 17 LAST FULL YEAR Cowpow'i >--i- J ~#noo Date Yaor Nat EPS CfM Nat amovnead «ndb«g (canto) dlv profit tart year ($■000) Fed Cable* Interim Jun 87 6.1751(9 S J Amol Interim Dec 19 Mor 86 7.3 527 Mo io y o w oto Interim Dec 11 Mar 87
      247 words
  • Page 17 Advertisements
    • 56 17 0% FOR 4 YEARS INTERESTED? SMALL BUSINESS FINANCE SCHEME We can help your business by providing financing at very favourable interest rates, even 0% with flexible repayment periods of up to 4 years. Call us today on 5 32~3 332. Standard Chartered Standard Chartered Finance Ltd 93 Street #01-00 (Oppoarta
      56 words
    • 132 17 V c c L. TAN CHONG TOWER SERVICE APARTMENTS 15 QUEEN STREET 'An ideal location for your short stay in Singapore' weekly basis Within CBD "telephone, TV. air-con, cooker, fridge, krtchenware. household linen and housekeeping available Telex, secretarial and laundry services available Covered car park 24-hour security Types available: Studio
      132 words

  • 476 18  -  By LUCY NG MORE INDUSTRIALISTS are confident that business will continue to improve, the Second Quarter Survey of Business Expectations of Industrial Establishments shows. The net weighted balance of firms which expect better business is 31 per cent, the highest since the second quarter
    476 words
  • 681 18  -  By ALVIN TAY Banking Correspondent ASIA COMMERCIAL Bank (ACB) yesterday announced a full provision for all doubtful loans, as well as a $75 million convertible loan stock issue which could result in a $41.6 million increase in its paid-up capital. The bank
    681 words
  • 115 18 Bernama THE ALLOCATION for the Malaysian Defence Ministry will be increased when the economic situation improves, according to Deputy Prime Minister Ghafar Baba He was commenting yesterday on a statement last week by Air Force chief Lieutenant-Gen-eral Datuk Seri Mohamed Ngah
    Bernama  -  115 words
  • 370 18 Bernama THE DEPOSIT-TAKING cooperative problem will be overcome the "National Front way", Malaysian Finance Minister Daim Zainuddin said yesterday. He said that'the government had its own way of solving the problem. "We need to overcome the problem through discussions, not seek too much publicity
    Bernama  -  370 words
  • 295 18 Reuter BRITISH Liberals and Social Democrats, their dream of breaking Britain's two-party political mould shaken by a dismal general election showing, faced inexorable pressure yesterday to merge their two parties. Liberal leader David Steel said that the LiberalSocial Democrat Alliance, whose parliamentary seats
    Reuter  -  295 words
  • 126 18 UPI US LAWMAKERS would probably call for impeachment proceedings against President Reagan if evidence shows that a "smoking gun" memo from Lt-Col Oliver North reached the Oval Office, says the chairman of the House of Representatives committee investigating the Iran-Con-tra scandal. Representative Lee Hamilton, Democrat-lndi-ana. was
    UPI  -  126 words
  • 37 18 MINDEF conducted an open mobilisation exercise yesterday evening without any advance notice. Personnel from units whose code words are Steep Valley. Cow Bell. Razor Blade, and Ruck Sack had to report to their mobilisation centres.
    37 words
  • 344 18 Bernama ES THE JAPANESE have been urged by former Malsysian prime minister Tun Hussein Onn to grant soft loans to his country to finance not only new projects but to refinance existing loans. In hoping that Japan would be more
    Bernama ES  -  344 words
  • 480 18 Bernama ES LEADING Malaysian banker Datuk Azman Hashim said yesterday that Malaysia's economic growth this year and in 1988 could well be double that of the current official projection. He said that the turnaround in commodity prices would have a far-reaching impact on the economy.
    Bernama ES  -  480 words
  • 160 18 Bernama ES FORMER Malaysian prime minister Tun Hussein Onn yesterday received an assurance from former Japanese prime minister Takeo Fukuda that the Japanese government's proposed six trillion yen economic package would create greater demand for imports from developing countries. Mr Fukuda, who is honorary president
    Bernama ES  -  160 words
  • 76 18 COMEX SILVER futures yesterday recovered on dealer buying and bargain hunting demand after dropping to two-week lows on early selling against a higher dollar. In moderately active business, silver for delivery in July spiked down to U557.43 an ounce before coming back to US$7,575 for a loss of
    76 words
  • 64 18 Reuter WALL STREET stocks yesterday moved higher in active trading, drawing support from the dollar and bond markets and from strong overseas trading. Technology issues surged ahead. Financial issues also showed strong gains. The Dow Jones industrial average, trying to extend a five session rally, rose 19
    Reuter  -  64 words
  • LATE FILE
    • 36 18 Reuter CHINA HAS put the sensitive issue of price reform back on the political agenda despite widespread public discontent about price rises, the official press and western diplomats said yesterday. Reuter
      Reuter  -  36 words
    • 71 18 UP! TAIWAN yesterday announced plans to purchasemore than $2 billion worth of American products, including 10 jetliners, in order to re* duce its trade surplus with the US. Premier Yu Kuo-Hua said agreements for the purchases, which come in addition to Taiwan's regular US
      UP!  -  71 words
    • 44 18 Bernama REGULATIONS to enaure thrift in the government's expenditure will be introduced once the country regains prosperity to prepare Malaysia to face the event of a possible recurrence of the economic slowdown, deputy Prime Minister Ghafar Baba said yesterday. Bernama
      Bernama  -  44 words
    • 33 18 AFP JAPAN decided yesterday to express its regrets to Chins over s remark made by s senior foreign ministry officisl esrlier this month about top Chinees leader Deng Xiaoping. AFP
      AFP  -  33 words
    • 38 18 Reuter GENERAL Fidel Ramos vowed yesterday to stay on as heed of ths Philippine Armed Forces, denying suggestions he would quit over criticism of his handling of ths growing communist rebellion. Reuter
      Reuter  -  38 words
    • 54 18 AP BURHANUDDIN HARAHAP, Indoneeia's prime minister in 1955 end 1956, was buried yesterday. Harahap, 70, died on Sunday of a heart attack. Harahap was jailed by the late Preeident Soekerno in 1960 bees use of his connection with Muslim psrty, Masyumi. He is survived by his
      AP  -  54 words
    • 38 18 AP WORLD FOOD production last year roee 2.5 per cent to reach a record but the number of hungry is still increasing, the head of the UN Food and Agriculture Organisation reported yeeterday. AP
      AP  -  38 words
    • 60 18 UPI SHOPS CLOSED across New Delhi yesterday in a strike called by a right-wing Hindu opposition party to proteat weekend attacks by Sikh extremists that left 29 people dead and 21 injured in the national capital and Punjab state. The fatality count roee to 13
      UPI  -  60 words
  • Page 18 Advertisements
    • 47 18 Ltadtr, Pag* 10 m s Hi 4* Tmmf Ummdmml SB, you can start inmwdlaWy l» W KVXT or AT w* k«• and conduct Wvfcai state tan* oMMn tf a* wtth Mm Ike Wrf J 1250 pv morth pM.a onefin» Charts tm Charts ftm ntftttfon In of S2OQ.
      47 words
    • 62 18 The Key to Shre w i > or m ssxurf* 11 N\V V 1 1 &JS" r rv_ T- intimus Shredders for your Data Security V fk Sole Agent for Singapore. Malaysia Brunei Indonesia BUSINESS MACHINES SYSTEMS r (S) PTE LTD. 1 GOIDHILL PI A/A -01 47 SINGAK/tCBL BUSNESTE MS
      62 words
  • Page 18 Miscellaneous

  • SHIPPING TIMES
    • 497 19  -  By LINDA CHEE A GOOD track record has helped SPECS Consultants, the consulting arm of the Port of Singapore Authority, to secure its second port project in China. This time it will provide consultancy services to Dalian, the second busiest port in
      497 words
    • 225 19 Bernama-UNS THE WALFORO Maritime Group has acquired the share capital of Thomas Meadows International, the largest privatelyowned freight forwarding group in the United Kingdom. Meadows has offices throughout the UK and Eire as well as in Singapore, Hongkong and New Zealand. Its activities cover both air
      Bernama-UNS  -  225 words
    • 89 19 CHO YANG SHIPPING plans to replace three container vessels with larger newbuildings in 1988 if applications under the 12th government financed newbuilding scheme are successful. The three container vessels to be replaced by 2,500-TEU vessels are the 1,200-TEU Ace Concord servicing
      89 words
    • PORT SIDES
      • 36 19 Reuter THE AUSTRALIA Northbound Shipping Conference said its Australia to Japan/Korea bunker surcharge on wool freight rates will be lowered to 4.07 per cent from 4.97 per cent effective July 1. Reuter
        Reuter  -  36 words
      • 114 19 Reuter THE GREEK tanker Ethnic, which hit a mine in the Gulf on Tuesday, has anchored off Dubai where divers are inspecting a hole in its starboard tanks, shipping sources said. They said the 274,629 deadweight tonne tanker, carrying some 210,000 tonnes of Kuwaiti crude, arrived
        Reuter  -  114 words
      • 77 19 JAPANESE Foreign Minister Tsdashi Kuranari is in Tehran for talks with senior Iranian officials with the aim of safeguarding Japanese shipping in the Gulf. Japan imports 60 per cent of its oil through the Gulf and last month suspended sailings into the waterway after
        77 words
      • 112 19 A FIRE aboard a Japanese trawler raged into its third day off Western Japan, and three crew members remained missing, Japanese maritime authorities said. A Japanese Maritime Safety Agency official said the blaze on the 4,000-ton fishing boat Haruna Maru was so fierce
        112 words
    • 694 20 Fairplay THE TWO MAIN ports of Pakistan, the Karachi Port Trust and Muhammad bin Qasim port, ar® in danger of expanding their container handling facilities without fully assessing the national interest. Both ports have put forward plans for the construction of a modern,
      Fairplay  -  694 words
    • 305 20 LEADING marine equipment manufacturer McGregor Navire has evolved a novel concept which would enable small luxury vessels to offer the amenities of a big ship. The "poolfloat" seeks to create a safe and spacious recreational area at the stern. In use at an
      305 words
    • 262 20 Reuter THE 29 crew members of a Hongkong cargo ship which sank near Pitcairn Island were rescued after spending almost 24 hours in rough seas on two life rafts. Pitcairn Island radio operator Don Christian said the crew, including one
      Reuter  -  262 words
    • 719 20 AB Shpg V 5 ABC Contoiner VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrons VII 3 American Tpt X 2/3 Anro Service IV 2/3 ANl 1 1/2 A PC Line V 4 API III 2/3 ASCI III 1 Asian Oceans VI 3 Balt-Canoda line
      719 words
    • 240 20 THE UNEXPECTED problem of an underwater rock bed is threatening to delay the completion of Songkhla deep-sea port project. Because of the hard rock layer, the original method of pile driving cannot be used. The port's contractor. Razer Engineering Agency
      240 words
    • 1073 20 TIME-CHARTER operations remained in the spotlight as single-voyage fixing proved slow to materialise on the London shipping freights market on Friday. The overall rate tone showed virtually no change. Japanese charterers displayed interest in long-term cover, with Shows engaging the 125,400ton Oceanic Crest at US$2.lO a ton per
      1,073 words
    • 174 21 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
      174 words
    • 187 21 Seatrade Weak THE KOREAN Institute for Economics and Technology and the Korea Development Bank are due to complete a detailed joint inspection on the current state of the nation's shipbuilding industry. The study will provide the government with a workable basis for future
      Seatrade Weak  -  187 words
    • 354 21 Lloyd's List AIR AND LAND transport are new areas being considered for expansion by the Norwegian shipping-off-shore rig operator, Wilh Wilhelmsen. In its latest annual report, the company said existing sectors earmarked for expansion are ship management consultancy services. The group which last
      Lloyd's List  -  354 words
    • 231 21 DR HELMUT SOHMEN has bew elected president of the highly-re-spected Baltic International Maritime Council (Bimco), making him the first Far Eastern shipowner to assume the top post As the first non-European shipowner in 80 years to be president of the prestigious
      231 words
    • 218 21  -  By KINGSLEY WOOD THE EXISTING freeze on charges in New South Wales ports, Australia, would be extended as long as possible beyond the June 30 deadline, Maritime Services Board general manager Les Mac Donald said. He told shipping and
      218 words
    • 203 21 EVERGREEN LINE has denied reports that it was considering investing in 11 ships in excess of 3,500 TEU capacity for its round-the-world service. The Taiwanese carrier said: "The reported shipbuilding programme is in no way a concrete plan and, in any case, relates to vessels
      203 words
    • 271 21 AFP THERE was little change in the volume of international enquiry over the past week, and rates were generally lower despite broadly stable crude oil prices, although there was an encouraging level of private enquiry. The majority of fixings were large units loading in the Gulf States area,
      AFP  -  271 words
    • 234 21 AP AN ANTI-SHIP mine that apparently drifted from the Gulf's war zone was spotted off the island state of Bahrain on Sunday and detonated by experts of the Bahrain defence force, officials said. Security officials, speaking on condition of anonymity, said the mine
      AP  -  234 words
    • 8854 26 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.
      8,854 words
    • 398 27 AT CONVENTIONAL WHARVES fVSVtl KEPPEL WHARVES Bert h Arrival D^artur Ananas <21 alongside 20.06/2300 Auby <25E alongside 16.06A)600 8 Perseus cm alongside 16.06/1200 Brierfieid KI5 alongside 1606/2300 Koto Nogo <31 alongside 17 06/0700 la Kioto <17 alongside 16.06/0500 Pokorti Enom <28 alongside 16.06/0600 Pippin 1 <20 alongside
      398 words
    • 878 27 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdna FCL Arrival LCL mo vamant Ship Voy dati/tiiM Operator cargo ■chaduU Localta Sinofo 951 16.0617 1600 S Consort F8 0700-0800 K2 N Crystal 39E 16.06 87 1600 NAPl F5A 0700-0800 A3 Jenfree 24S 16.0687 2300 NAPl F7 1400-1500 C2
      878 words
  • Page 19 Advertisements
    • 727 19 a How SE Asla IJCWrIi v upset the l°Ki<*jfcl West HILARIOUS. TRAGIC. dangerous. nn«' srx. Oil! es»_J S V 1 s*, OOCL Orient Overseas CmUaitm Line NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING WW F XPOfIT HEPTUME CRYSTAL, jfinm smippiws Amiap c^ikjow/OOK) 200 CMtonmnt Noßd #12-06 Sortfcpoß*. Support 0201
      727 words
    • 72 19 THE TWO MAIN ports of Pakistan, the Karachi Port Trust and Muhammad bin Qasim port, are in danger of expanding their container handling facilities without fully assessing the national interest. Page II AIR AND LAND transport are new areas being considered for expansion by the Norwegian ship-ping-offshore rig operator, Wilh
      72 words
    • 761 19 IL.iL ■il l I 11 I i norm umunem* potts Agent: Singapore Soviet Shipping Co Pte Ltd Jet: *****33 MAERSK LINE EUROPE SERVICE ACCEPTING LCL SHIPMENTS TO: FELIXSTOWE BARKING NEXT SAILING LAUST MAERSK VOY 8708 ETD 18/8/87 Voy Spore Tha mt Lauel M Ctoemg Tm CY 18* 1800 MRS CFS
      761 words

  • Page 20 Advertisements
    • 355 20 Z. EUROPE/FAR EAST CONVENTIONAL SERVICE TEL: 03-*****50 MALAYSIA SON. BHO. TLX: ***** MTM VSL PT of LDQ. DATES PT KLANG HCRUVIM Aviles-lmmingham 1-20/1 20/7 SAN JIANG KOU Antwerp 20-25/t 25/7 Hamburg-MKidle*brougti-A*ile»-Gijon 11-4/7 4/1 TIN Bremen-Hamburg 22-8/7 30/1 Further load/ discharging ports an route subject to sufficient inducement. Singapore Office: MTM
      355 words
    • 23 20 L'nes and services represented by SS?*™ f ,he tr y 01 Accredited (*fsmX Shipping Agents. Singapore National Vyi££jr/J Shipping Agents. Si Shipping Association
      23 words
    • 406 20 SENATOR LINK J C9NTANKR IUMSMI OUTBOUND TO NORTH AMERICA loom EUROPEAN SENATOR EF 704 20 Ot 24 OS 27M 30 K 02 07 15.07 14.07 27 07 31J7 03 JO DUTCH SENATOR EF 70S 04.17 0147 UJ7 14.07 15J7 17.17 30.07 JIJ7 10 00 ISJO It JO kTM EF M
      406 words

  • Page 21 Advertisements
    • 842 21 The Straits Steamship Group p9 Mansfield Container Shipping PteLtd PXifWT P&O ikwvfV>L pP^Containers Limited i STRAITS SHIPPING Singapore toSabah, Sarawak, Brunsi Ports and Bangkok c A ri* Cu BU Sff W M K) w W VI JLLJj&LUi t JEE H'bufj rii«MK I'M la Hi Sim PEGASUS PRIOE PEGASUS PRIDE rPORE
      842 words
    • 659 21 CHARGEURS REUNIS HAMTA NAtU MEDITEtRANEA Accaptmi CARGO far I r Mtam rim U fun 4 M 8 JM MM Mirtiajjaa A Cayaana E?ffl3^s3HET! (MED CLUB MEMBER) Tff TTTT MEW OASIS OBEX PIONEER •rcatoM NaraaiHaa* Gaaaa Tnartt S'm 22 25? »E Ma» fl May 2 Mm Dm aim Ct DOUAIA Ct
      659 words

  • Page 22 Advertisements
    • 396 22 CONTAINERSHIP SERVICE TO UK/CONTINENT Liverpool Bay Kitaoo thru L*r«it*y Tokyo Bay ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN COPENHAGEN. AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM CARIBBEAN A S AMERICA CONV SEMI CONTAINER SERVICE TO EUROPE SPORE H'BURG ROAM N. J. PATERAS 17/1 I*7 17/7 RS QINGOAO 15/7
      396 words
    • 631 22 lp»: *XuN» KSLINE IMIt SHIP* 10f (WW"* FULLY CONTAINERISED SERVICE [TO [UROPE VIA SUEZ ol thf Cf Comortwm ORIENTAL CHIEF MW 17/6 KOREAN JACEJIN 3JW 24 6 CHINA CONTAINER «CW 1/7 NEPTUNE CRYSTAL 40W 1/7 VERRA2ANO BRIDGE I7W 15/7 •PMIAN6 CTRJ VIA FEEDER VESSEL S port LaHawt R'Baai fftom* Hkufj
      631 words
    • 459 22 K&S LINE JAPAN/HONG KONG/STRAITS StflVltk 1 SANKYO LINE (S) PTE LTD. 143 Cec4 Stiff! *10 04 GB Buldmf Sp«f 0106 JH 7219?tt Port Kflant li{i Pmj Sdn BM TH 03 36«90?4 b Pfrunj Mjljyyj Jradf liinsporf ltd TH 04 *****3 Pas» Gudinf MjUyujn Sh*>p*i{ /lienors Sdn Rh<l Irt 07 SI
      459 words
    • 1215 22 EVERGREEN Full Con tuner Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP NKG KSC KLG PUS OSK TVO KSN EVER LIVING 17* 21* 23* TV* EVER LEVEL 24* 21* 2/7 EVER CLORY J/7 W7 UfJ H EVER LINKING W WW m o-ok w w w w m EVER GARDEN 21/7 27/7 2*7
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  • Page 23 Advertisements
    • 486 23 x PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE I 1 LOADMG FOR SUBJECT TO MOUCEMENT rtm 33 RED SEA/EAST AND WEST AFRICA SERVICE YU HENQ2 HUAMQ JM U HENO LOADMG TOR: BANGKOK SERVICE INDONESIA SERVICE i KOTA
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    • 95 23 NB 1A TO: UK/CONTINENT PORTS SKIPPER N N857 COM STANZA M NB3 PK PNG LOAOINC FOR 2/7 SETE/ROA*ANT/UK In Pt M RDM/ANT/UK TO INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL 22X366 MALAYSIA S P YEO SHIPPING TRADING KL 7CTM4* P* *****1 PfNANG TANJUNG MARINE SDN BHD TIL
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    • 523 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAVEN rtMH turn STOH P KLANG J POM rot ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANC AND EAST MALAYSIAN PORTS IKJJEBSEN LINE NEW ZEALAND FUI AM raOTPAPHA I SIITII PACIFIC POTT Moresby RAPIER TIMARU a/7 a/7 SM
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    • 500 23 T i ill i J. 3,11 rt ANTWERP BILBAO UtOKN ADAM/RDAN HBURC vissfl.voy spore bum Bremen aoan/rdanhbi EMMA F ICH WB »ZM lap l§ KUTAI/1888 »*-2/7 MM IM 1 PANJANG/UMB 15-17/7 a/I 2M 27/1 CAN DA BNAKTI/Um 21-23/7 2M 2M Bwtlsct to MucomonL Also socspMng cargo to Cmtlwci, Port SoM,
      500 words
    • 394 23 BOUSTEAD SHIPPING AGENCIES SITTWAY VXI "MAGWE M AN VIUV Luiim tar Curap* BURMA FIVE STAR (Burmese National Line) Loading for Rangoon S port P.Ktlanf Ptnanf Btngkek wit Mm, 14fit )um wahmm BANK UME TAMAITAI SAMOA V.ION FORTHBANK VI9N IVY BANK VIM MEADOWBANK VIIN SPORE ROAM NULL Mi vp mp Jg
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  • Page 24 Advertisements
    • 953 24 K"LlflE SHIPPiriG-DflTfi RTLRnTIC COAST (Round-The-World Service) •PK/PNG SPORE LB CHLS N. GARNET \ft SID 19 Jun U Jul a Jul 0. FREEDOM Vl4 19 Jun 26 Jun II Jul »Jul 0. FAITH V 3 27 Jun 3 Jul 25 Jul 4 Aug •VIA FEEDER PACIFIC SDUTH-UJEST FEEDER VSL 'PK/PNG SP
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    • 282 24 Accepting LCL and Sou* Africa coatatfwrtMd cstqom D4r#d lo NEDLLOYO COLOMBO 322* OSAKA NARU 3334F KAYAKAWA MARU 3032S 'A' VSL Spor* Ourten PEIu C.Town 2W S/7 11/7 UP W 23/7 25/7 Kfj P.Eli* C.Tom Ourten SM SM SM 25/5 26/6 29/6 JARDINE SHIPPING AGENCIES (REG *****4/ OOK) 200 CANTONMENT ROAD
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    • 670 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Faadar PK«ta«f I Liner Vessel Sport |Metb Frem Sydn Aho Acca* "RAMDAS" V2i 15 June 30 iuiw 9 July 7 Juh Add Brn CALABAR *J5 17 June "CMANOIDAS V.* 30 June 14 July U *1 jjh MBm ESTECLIPPER *.1S 7 Jul, "KABIRDAS" VJS
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    • 731 24 GOLDEN LINE GUM GOAN SUPPING (PTC) LTD 21. TfM »ff Slrwt imumm iim iu a*nu <it lmj) r», smssm GULF SERVICE: ffpore PR^,fW, GOLDEN HAVEN Cotonbo/KjradM/DutwyOMnmwi In Port GOLDEN WONDER Cotombo/KaridWDub»i/o»mma«n SKMy CHINA SERVICE A VESSEL Hsink«nc/Sh*nftui S/« July CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA P.Klang
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    • 367 24 PHIL UPON SHIPPING AGENCIES PIE I ID PHILI ORIENI LINES PIE ITD HMD (>f HC[ 63 ROBINSON l»OAD e *f P(( *S:• BUIiOmC "INf,»POP( 01 f t»> If I ??J86?7 ?73K/69 .g .-if. T( I( X ti :g7?O PHIl! MIDDLE EAST/FAR EAST FCI ft LCL SERVICE VESSEL ETA SINGAPORE MB,TV
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  • Page 25 Advertisements
    • 580 25 NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Terminal CFS BOOKINGS *****53 27*5742 *****22 *****53 *****19 *7*116 *****11 *****41 NEPTUNE ORIENT LINES LTD EAST/EUROPE FULLY CONTAINERISED SERVICE I TO EUROPE/UK (Vl* SUEZ): I NEPLINE SON BHD 3HNS7 NEPLINE SON BHD *****13 NEPLINE SDN BHD *****5/*****W*****1/627M2 NEPLINE SDN BHD. 23»40/*****1 INWARD OUTWARD
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    • 122 25 u TAYO SHIPPING LINES PTE LTD TEL *****25 (3 Lines) TLX RS ***** TAYOIN VESSEL PIYA I A VESSEL SINAR MEGA A VESSEL A VESSEL ETA 26/6 17/6 15/6 12/6 14/6 ETD DESTINATION 30/6 CHITTAGONG* PORT MORESBY (PNG) PEKAN BARU/DUMAI BATAM SEMARANG/SURABAYA 20/6 20/6 21/6 20/6 RE GW.***** R VI
      122 words
    • 516 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN. INCHON 1 ST ST* F H p Unt rr w M Ei*erpriM/71lN 2S/C ml in No i Dwum if; un un nn No I Donim 24/7 No 7 Domm 706N J/7 No I Donjm7D7N \V) M. EnterpriM/712N
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    • 529 25 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 KELANG PCNAN6 M/S HANDLING SYSTEM CO SON. MO. MESSRS NAI THONG SHIPPING 127 P(MM Stmt. Pwmi
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    • 34 25 -flf FERI MALAYSIA S>DN. BHD. pofui c'iniaiwr paii f tisid mikiy sißvin 10 ueN:ftN KUf.HING k *iNAHA|tI AISO fICCIPTING Sill DRIVIN HI»*V WfHICIfS REGULAR DEPARTURE ON "CRUISE MUHIBAH" PORE KUAKTAM KUCHMQ HOT A I
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  • Page 26 Advertisements
    • 376 26 SINGAPORE SHIPPING CORPN.CPTE) LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VE B DEUTFRACHTSEEREEDEREI ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE "VIA COLOMBO Accepting cargo tor INDIA Bombay, Cochin t Madras; EAST AFRICA DerEs-Salaain. Mombasa I Accepting cargo fee Piraeus, Thessaloniki, Izmir, Istanbul, Mersm, Ba<nrt,
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  • Page 26 Miscellaneous
    • 173 26 Regional Weather V m s 41 i v CA a *2 I Y Mi -v Ok 1£ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: c >A cT w Wind direction with speed m knots Wave height R Thunderstorm Temperature c Shower Weather Wind direction with speed
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  • Page 27 Advertisements
    • 292 27 Miimm CALL US AT; P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-€£>l22/4, *****3 07-*****8, *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE mTT TTT MTHR VSL N O€LFT •HP v :M:V TI 'n»'">:r N DCJMA M TO EUROPE FEEDER B. BUTANC
      292 words
    • 193 27 MN CONTAINER LINE USA 14/6 TO: LA/LB, OAK/SF, N.YORK 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 22|6 25/6 ABIDJAN, LOME 23HS 26* CONTONOU, DOUALA LIBREVILLE, PORT GENTIL P. NOIRE. LUANDA Bookings: MAC-NELS AGENCIES PTE. LTD. Tol: *****44 (22
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  • Page 28 Advertisements
    • 400 28 FARGO SHIPPING COMPANY (PTE) LTD. REGULAR EKPRESS FULI CONTAINER AND LC L £Etf?ICF MBOUNO AGENT FOR ABC CONTAINERLINE From USA/Canada/Europ«/M«dtttrranean 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel *****49 i SHAW LINE LTD GENERAL AGENTS EWG SHIPPING (S)
      400 words
    • 459 28 41 Africa Oct an Lid. III!'.! 4.IUU 4 ifJaJMJ i lA'ii* ACCEPTING FCL/LCL ft BREAKBULK TO: LAGOS/ APAPA, PORT HARCOURT, WARRI, CALABAR, SAPELLE, TEMA, CONAKRY AND OTHER WEST AFRICAN PORTS VESSEL BINTA YAR'ADUA M/V EKESOS ETA SPORE 29/6 6/8 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMKOWTAfCR
      459 words
    • 395 28 V OS MitsuiOSK Lines Ltd 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, Tanga Betra, Tamatave SUBJECT INDUCEMENT AFRICA'S ALTAI MARY V WAB 27A RIVER GURARA V.WAA 30A Rmks: Subject Inducement 13
      395 words