The Business Times, 22 June 1987

Total Pages: 30
1 30 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 MONDAY, JUNE 22, 1987 75 CENTS
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  • 624 1  -  Company to build computerised air separation plant in Jalan Buroh By ANNA TEO SINGAPORE OXYGEN Air Liquid® Pte Ltd, better known as Soxal, is investing $30 million to put itself in the frontier of gas production technology. The money will go into building a
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  • 565 1  -  By RICHARD SEAH Special Correspondent A YOUNG WOMAN who spoke like a lawyer (she read out a several-minute-long sentence in legal parlance) yesterday called for new laws to protect old people from abuse. That very long sentence of hers, which took up
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  • 326 1 Condo management committees where do their rights end? AN "UNWELCOMED" restaurant within the premises of a private condominium has highlighted the ambiguity that exists over the rights of condominium management committees. The centre of controversy is Seng San Food House at the ground level of a block of flats at
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  • 101 1 AFP PRESIDENT Zail Singh is being pressed by some of India's opposition parties to contest next month's presidential poll in what may herald a major revolt within the ruling Congress (I) Party, an opposition Isader said yesterday. "We are awaiting his reaction and may support
    AFP  -  101 words
  • 502 1 Reuter SOUTH KOREA'S ruling party met yesterday to decide how much democracy they must offer the country to halt a wave of angry anti-government protests which have brought major clashes daily between citizens and riot police. The Democratic Justice Party drew up
    Reuter  -  502 words
  • 130 1 Reuter A MAJOR THREAT to the unity of the United Arab Emirates (UAE) apparently ended last Saturday when the ruler of Sharjah was reinstated after a four-day power struggle with his brother. Rulers of the six other emirates making up the UAE agreed that Sheikh Sultan
    Reuter  -  130 words
  • 249 1 LESS THAN two months after the government revamped the market lor government securities in the hope of stimulating the market in fixed-income securities, BP Singapore is issuing a $50 million bond. The main features of the new-look Government securities market launched on
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  • 58 1 AFP CHINA'S intake of foreign investment and foreign commercial loans virtually stagnated in the first quarter this year, compared to the same period in 1966, the China Daily Business Weekly said yeeterday. Foreign funds totalled US$6OO million during the quarter, an annual increase of
    AFP  -  58 words
  • Page 1 Advertisements
    • 334 1 Need a housing loan? (ALL I rvJONG 737-7977 a 11 IMJ VV&yfoong Mortgage And Finance (S) Ltd A wholly-owned subsidiary of Hongkongßank t> Claymore Hill #03-01 Claymore Ptoa Singapore 0922 MANAGEMENT THE MERGER OF Peat Marwick International and Klynveld Main Goerdeler has resulted in the world's largest professional organisation. BRIAN
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    • 251 1 MARKET REVIEWS MONEY A EXCHANGES COMMOOmES TV A RADIO A MAJOR EXPORT DRIVE is expected to be launched jointly by the Malaysian government and the private sector in the next few months to secure new markets for local manufactures and to strengthen existing markets. Page 4 THE US ECONOMY IS
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    • 8 1 Chun's h«ir apparent •Nks to mak* paaca, Pagt
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    • 90 1 Because of Atsuko's determination, no other airline can offer you this: S'ikV •?> >s> 5 *rJ, f s jr% h THE JAL PLEDGE As highly trained and dedicated professionals we will confidently do our utmost to make any flight with us as enjoyable as possible. As the world's k number
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  • MANAGEMENT
    • 1327 2  -  World's largest professional organisation is born The merger of Peat Marwick International and Klynveld Main Goerdeler has resulted in the world's largest professional organisation. BRIAN GOMEZ looks at the impact of the merger on accounting firms worldwide and on the Singapore operations of Peat Marwick BRIAN GOMEZ
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    • 837 2 aacal GBBIEOg TIM#: Dollars and Sanaa Author Margaret Allan Publlahar Timas Books Int'l 1967, $19.50 Reviewed by WILUAM CHIA THE FIRST EDITION of this book appeared in October 1965. That a second edition haa been found neceaaary in such a short period
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    • 424 3  -  Jrtpjmdm I By BOEY KIT YIN "HIGH TECHNOLOGY" in Singapore has been too often used in connection with the world of silicon chips as well ss computer parts, hardware and systems. Such a view, especially held by venture capitalists, frequently precludes other traditional activities
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    • 647 3  -  By TSANG BAU YIN NEW SITUATIONS require new strategies. Problems arise frequently in the business world; new competition in the form of new and better products, more aggressive marketeers and new busineeses to conquer. What sort of corporate decisions are managers
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    • 770 3 FT THE BALLYHOO over alleged Japanese semiconductor dumping in the US haa given the impreaaion that the difficulties of the American chip manufacturers are centred on the single problem of price. But there is another, more long-term competitive question,
      FT  -  770 words
  • Page 2 Advertisements
    • 143 2 Morning Noon& Night Wfe tee off to Bangkok >*■ V 0 KJODKJ You arrive in Bangkok ready for business, or, simply enjoy the delights of discovering the city. J!* A -mjttbf 0k A 4* *1 A delicious lunch. An hour to relax. 1 J J Arrive in Bangkok fresh and
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    • 51 2 1 1 :achem! ROYAL OUGHLANDI 111 I I XE i»n -< iitch »nJ 12 years old. A Welcome Awaiting. •V J s wW' io m f <3 Cv O ,K> TEACHER'S ROYAL HIGHLAND i)K LUXE ItI.KNDKI) SCOTCH WHISKY A'-i/y y t r»yt3> 12 *Lu m Distributed by: Cold Storage Trading,
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  • Page 3 Advertisements
    • 300 3 Ti ie gold Coin standard v/ X Gold is the one commodity that has long been valued as the basis for sound financial planning. Esteemed for its enduring value, gold has proven to be a long-term insurance against monetary, political, and social uncertainty. Investors are generally advised to include a
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    • 70 3 The Szechuan Experience with the Meisan Difference r I W ~/V|j Savour the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flavours. And discover the exquisite art of tn* enjoyment. MEISAN At the Meisan. ISjJXLI SZECHUAN RESTAURANT Distinctively Szechuan, Instinctively Meisan Royal Singapore 25 Scotts Road,
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  • ASIA-PACIFIC
    • 423 4 Bid to find new markets for manufactured goods MBT A MAJOR EXPORT DRIVE is expected to be jointly launched by the Malaysian government and the private sector in the next few months to secure new markets for local manufactures and to strengthen existing markets. According
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    • 183 4 Reuter EXPORT ORDERS for Taiwanese products fell to U554.33 billion in May from the previous record US$4.5l billion in April but were still 24 per cent higher than May 1966 s US$3.4B billion. An Economic Ministry official in Taipei said last Saturday that
      Reuter  -  183 words
    • 368 4 Reuter SENIOR US OFFICIALS are looking to Japan for help in buttressing the world economy in the event of an American recession next year, Japanese government sources said. During a visit to the US earlier this month, Economic Planning
      Reuter  -  368 words
    • 118 4 AFP INDIA and Japan plan to double their trade turnover to US$6 billion over the next four years, according to reports last Friday. They had also decided to halve India's deficit in its trade with Japan to US$4OO million in the next two years, R
      AFP  -  118 words
    • 164 4 AP THE KOREA National Tourism Corporation is reported to have found that visits by foreign tourists increased in recent days in spite of violent street demonstrations in Seoul and the provinces. The Korea Times on Saturday quoted the director general
      AP  -  164 words
    • 854 4 ARRIVALS Operator Sorvic* Local From numbor tin* MAS MH681 0820 KUL AJ AI4S2 0835 BOM MAS MH811 0910 p»i MAS MH671 0920 KUL SIA SQ103 0950 KUL CPA CX710 1015 CGK R8A BI421 1100 •WN GU GA960 1100 CGK StA S0105 1105 KUL SIA SO 201 1145
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  • Page 4 Advertisements
    • 380 4 c&c NECs new pinwriter P9XL boldly goes where no other dot matrix printers have gone before ■a m V? T t -wnuresrt rzsz Wr 1' M X x < ;•> V.'V 55 i L.'" >* .■*r< The executive suite. Until now, dot matrix printers just weren't welcome there. They were
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    • 42 4 Fmts of a US rtcflon, Pag* S The business person's choice, every Tuesday, Thursday. Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving Heathrow early the following morning. Call your Travel Agent or Air Canada at *****55. AIR CANADA 0
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  • REST OF THE WORLD
    • 346 5 FT SEVERAL governments throughout Western Europe, including some outside as well as inside the EC, have signed two international pacts designed to liberalise some elements of European air transport, including the provision of cheaper fares snd making it easier for airlines to increase
      FT  -  346 words
    • 439 5 AP THE NATIONS of the world stepped up their spending on arms to nearly US$9OO billion in 1965, an increase of 3.7 per cent from the previous year, the US Arms Control and Disarmament Agency estimated last Friday. The US and the Soviet
      AP  -  439 words
    • 189 5 AFP THE UNESCO Executive Council adopted a no-growth budget for 1988-89 and the organiaation's programme for that period early on Saturday morning. The two-year budget of the United Nationa Educational, Scientific and Cultural Organiaation was set at US$3l3 million, representing no real growth from
      AFP  -  189 words
    • 574 5 Reuter THE US economy is headed into a period of lacklustre growth and runs the riak of a recession this year if the recent improvement in sales of American exported goods should falter, economists say. Growth will slow sharply in the next few
      Reuter  -  574 words
    • 187 5 AP JAPANESE corporations have increased the number of employees on their payrolls in California by 56 per cent during the past four years, according to a survey conducted by Japaneee business groups. The study, releaaed last Thursday, found that aa of the
      AP  -  187 words
    • 370 5 Reuter THE US could increase its export» to Japan by 30 par cant if Japan aasad trade barriers on imports of American agricultural products, a study released June 20 by an influential US senator concluded. Senator Lloyd Bentsen, a
      Reuter  -  370 words
  • Page 5 Advertisements
    • 118 5 THE SHANGRI-LA BEIJING IS ROLLING OUT THE RED CARPET. i" .>• ArVJft V. f ,r-\. &sV t*»J3&. :T|| 2 1 r ■> '< r I 1 X"">v■ '/> k..« r P*fS :*:Jy SM .'2 r,£ > l>-*-J WITH A SUMMER SPECIAL FROM ONLY US$7O A NIGHT. 1 From July Ist-Aug
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  • Page 5 Miscellaneous
    • 72 5 Doonesbury ASMMOROFAMES, fTSMY 6REAT FIEASURBIO HJBLCOMB GEOf&E BUSH BACK FOR HIS J 15-m VISIT TO OUR FAIR OTff I Z BUSH 7 a in scM&fmßHß&BourssMrim STILL CANTmAFfX ON 680R68 BUT IF YOUMKZHCAROVUXASI HAVE, HIS MAGS EMERGES OVSR TMB.UKB* I wm K m BY GARRY TRUDEAU SOLSVS ALL&VB HIM ANOTHER CHANCE,
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  • BANKING AND FINANCE
    • 357 6 Reuter PHILIPPINE Preaident Corazon Aquino haa ordered government financial managers to speed up the sale of six state-controlled banks. Edgardo Espiritu. president of the Philippine National Bank (PNB), which controls seversl of them, said last Saturday that Mrs Aquino ordered the swift
      Reuter  -  357 words
    • 285 6 Reuter ARGENTINE President Raul Alfonain met International Monetary Fund managing director Michel Camdessus for more than an hour and Argentine Economy Minister Juan Sourrouille said the two men discussed Argentina's economy and its commercial bank financing package. Mr Sourrouille said 91.5 per cent of
      Reuter  -  285 words
    • 89 6 Reuter HONGKONG'S two biggest banks raised their prime lending rate by one-half percentage point on Saturday in a move to offset their own rising cost of funds. The Hongkong and Shanghai Banking Corporation and the Standard Chartered Bank announced they would raise the prime rate,
      Reuter  -  89 words
    • 155 6 AP A FARMER who says he was given bad financial advice by the Bank of America has won a US$5O million judgement. The jury verdict last Friday awarded US$2O million in compensatory damages and US$3O million in punitive damages to rancher Robert
      AP  -  155 words
    • 108 6 has stabilised, says minister Reuter WEST GERMAN Finance Miniater Gerhard Stoltenberg said he believed the dollar haa stabiliaed following its steady fall of the laat two years. He said international cooperation in halting the dollar slide had proved successful and there were indications that expectations of a further dollar fall
      Reuter  -  108 words
    • 637 6 FT BRAZIL WILL request refinancing for half the interest due on its US$6B billion in longer term Commercial bank debt before suspending its moratorium on payments. The remaining half of the total, estimated in Brasilia as likely to
      FT  -  637 words
    • 431 6 UPI THE World Bank this week will aak officiate from 13 induetrialised nations to pledge US$lO billion worth of aid to India over the next two years. The pledges being requeeted in Paria today and tomorrow
      UPI  -  431 words
    • 217 6 AFP A SYNDICATE of four Mitsui group enterprises haa agreed to extend US$5O million in untied credit to the Kremlin, according to a syndicate spokesman. The spokesman said laat Saturday the group, led by Miteui Bank and Mitsui Co. a leading
      AFP  -  217 words
  • Page 6 Advertisements
    • 214 6 YSS Special Steel Could the life of your dies beamatter of life or death? I ,*r%A VI C*oo(j )UX> /|CKHI £>. iw ce w llN^! -m —njw/^«n eu T" Thanks to a Hitachi Metals technique call- Our New Technical Approach Actual reiults using YSS steels I r r\¥r/-\ i-it <
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    • 172 6 This announcement appears for the purposes of record only June 1987 SEMBAWANG MARITIME LIMITED (incorporated in the Republic of Singapore) Invitation in respect of 45,000,000 Shares of Ssl.oo each at Ssl.Bo per Share Managed and Underwritten by ODBSBANK MORGAN GRENFELL (ASIA) LIMITED SINGAPORE INTERNATIONAL MERCHANT BANKERS LIMITED J Ballas Co
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  • MONEY AND EXCHANGES
    • 171 7 Interbank market rates (offer/bid) on June 19 uss DM SWFC Y«n 7 dayi 6 15/14 13/14 13/14— 11/14 3 5/1-1/2 1 3/4 1/J 4 3 7/1 1 71/1-7 13/14— 13/14 3 13/14—11/14 4 11/14 9/14 4 1/14 3 15/14 1 ■*> 7 1/4 1/9 t 7/i 3
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    • 477 7 Indicates the average of the prime lending rates of 12 major banks in Singapore PUt of bonks at »he dose of business on Friday, Juno 19, as suppfted by the Association of Banks in Singapore. BANK PUt <%) Algemene Bonk 6% American Express Bank 7 Am Dam
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    • 31 7 The range of call rates for the week ended Saturday, June 20 i tank fund 1.8 3.0 G«n fund 1.8 2.6 of funds M$ 1,-498m Source: Short Deposits Bhd
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    • 265 7 Green N Collier Bullion THE RECOVERY of the US dollar, better-than-expected US economic figures and waning expectations of higher inflation pressured gold to settle near the week's low. On Friday, spot gold last traded at US$445 an ounce, about US$lO lower than
      Green N Collier Bullion  -  265 words
    • 206 7 ASIAN CURRENCY average 1 month 4 3 7/8 deposit rates for 1 Ihe week 3 montht 3 15/16 3 7/8 •nded June 19 6 monthi 4 3 7/8 BIO 12 n»uf>#>» PRICES 4 3 7/8 High Low St»i Ung US 1 1 month 8 7/8 8 3/4
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    • 469 7 Union Bank of Switzerland THE AMERICAN DOLLAR was the focal point of events on tha intarnational foraign axchanga markets laat week Tha dollar pandulum movad upwards following tha tug-of-war batwaan short-term bulls and longer tarm bears. In view of tha dollar's gains and lass pronounced inflation fears,
      Union Bank of Switzerland  -  469 words
    • 45 7 Union Bank of Switzerland US dollar After comeback no one-way street. Swiss franc: Mid-year cloeing effect: Will it or won't it develop? Starling: Strengthened by economic trends but threatened by inflation. Gold: Waiting for new signs of inflation. Source Union Bank of Switzerland
      Union Bank of Switzerland  -  45 words
  • Page 7 Advertisements
    • 228 7 Tlm waakfy government securities market report waa not available. o K vv o > 0 <7 a p-/-I CO ■S? s THE BEST OF CLUB MED. A legend for its exotic beauty and cultural splendour, Bali is the home of the newest and most spectacular Club Med village resort ever.
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  • WORLD BACKGROUND
    • 570 8  -  By ASAD LATIF Foreign Editor INITIAL COOPERATION can be expected between the new Philippine Congress, convening in July, and the government of President Corazon Aquino. But after a "honeymoon" of one or two years, Congress could become obstructionist, with its leading members eyeing the presidency
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    • 684 8 Reuter FORMER General Roh Tae-Woo dismissed by South Korea's ofv position as nothing but a clone of unloved President Chun 000 Hwan, has emerged as a powerful force for compromise as anti-government riots wracked the country. Analysts said Mr Roh. 54, has been
      Reuter  -  684 words
    • 867 8 AP MARKETS bulge with produce, shining moped» purr down the broad boulevards and finishing touches are going onto a satellite ground station for Phnom Penh, a ghost town revived to a city of more than 700,000 people. But in alleys behind the tended thoroughfares
      AP  -  867 words
    • 703 9 Reuter WHITE HOUSE Chief of Staff Howard Baker, like James Baker and Donald Regan before him, has discovered that being President Ronald Reagan's right-hand man means getting more brickbats than bouquets. "I'm not sure things are working any better with him
      Reuter  -  703 words
    • 603 9 Reuter YOUNG RADICALS are slowly changing the face of Bonn, once described as twice the size of a Chicago cemetery and half as lively. The arrival in Parliament of the Greens nearly four years ago has provided a focus for a
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    • 871 9 Group issues one of its gloomiest economic forecasts in years Reuter STOCK MARKETS have flourished and even the dollar has perked up a little in recent days, but not all the omens for the world economy seem favourable. The Organisation for Economic Cooperation and
      Reuter  -  871 words
  • Page 8 Advertisements
    • 954 8 LIAN HUAT HANG FINANCE LIMITED (Incorporated In The Republic Of Singapore) BALANCE SHEET AS AT 31ST DECEMBER 1986 FIXED ASSETS CURRENT ASSETS Hire purchase debtors Loans and advances Less. Provision for doubtful debts Statutory deposit with the Monetary Authority of Singapore Investments Other debtors and deposits Deposits with financial institutions
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    • 100 8 OLYMPICS EUROPE P>TfcI S! n 1 T iV 19 .1 ■■■■■■■■I «4 P A WISE CHOICE The fastest from Singapore to Athens, Olympic offers you frequent and convenient connections from Athens to more than 40 worldwide destinations including Madrid, Istanbul, Dusseldorf, Marseilles, Milan, Nicosia and Stuttgart. For enquiries and reservations,
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  • Page 9 Advertisements
    • 245 9 Corporate Electronic Banking. Hexagon. Centralise the finances of your subsidiaries, instantly. I lIIItHII H Hexagon Corporate Electronic Ea nKing j Decentralising management control has its problems. Problems that arise because your subsidiaries do not work to your schedules. They may be in another time zone or lack the authorisation to
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  • THE ARTS
    • 561 10  -  By SHAUN KOH THEY WERE an underrated duo who performed before an appreciative but. sadly, less than capacity audience. The impressive playing by the duo, violinist Kathleen Winkler and pianist Deborah Berman, after all, deserved a larger turnout. However, such a fine performance was
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    • 639 10  -  ■y SHAUNKOH VIVALDI The Four Seasons. Isaac Stern, Plnchas Zukerman, Shlomo Mlntz, Hzhak Perlman (vns); Israel Philharmonic Orchestra/Zubin Mehta. DG digital 419 214-2GH (44 minutes). Category: Classical Recorded at a performance in the Fredric R. Mann Auditorium during the 1982 Huberman
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    • 767 10  -  By JAIME LYE IF THE question, "Could it really happen?" teetered*on the tip of your tongue during the Bristol Old Vic's production of Michael Frayn's Balmoral, one's advice would be: don't bother pondering the possibility. It would merely distract you from enjoying a highly comical
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  • Page 10 Advertisements
    • 348 10 ARAB BANKING CORPORATION 18.5.C.1 Consolidated Statement of Income and Retained Earnings Year ended 31 December 1986 Board of Directors Arab Banking Corporation (BSC. Mr Humeid Darwish Bin Karam Director Mr All Gassem Tantush Director Mr Salem Masoud lueily Director Mr Khalifa Al Muhairy Director Mr Giuma K Said Secretary to
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    • 46 10 This announcement appeal as a matter of record only 7,000,000 Shares The Malaysia Fund, Inc. Common Stock Price Sl2 Per Share The New York Stock Exchange symbol is MF Merrill Lynch Capital Markets Arab-Malaysian Merchant Bank BerHad International Finance Corporation Morgan Stanley Co. l«K«rporMd M«y ioer
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  • Page 10 Miscellaneous
    • 687 10 CRYPTIC PUZZLE ACROSS 1 Regretfully I interrupt to give a (alee name (5) 6 Stop at a certain point during the case (S) 9 Sad lad in a picture (4, 3) 10 Vex with a refusal in any caae (5) 11 Wild lions we all have (5) 12 Noisy fellow
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  • SPORTS
    • 1003 11 NYT TOM WATSON, who won the 1962 Open but has not won any tournament in the last three years, sank a slippery 15-foot downhill putt on the last hole on Saturday to take a one-shot lead into yesterdsy's final round of the 87th United
      NYT  -  1,003 words
    • 431 11 AP WELCOME to the US Open adventures of Tommy Nakajima. For 15 holes in Saturday'a third round, Nakajima, Japan's leading player, flirted with the lead in the tournament, dipping aa many aa two strokes under par. Two-under, remember, is where leader Tom Watson finished his
      AP  -  431 words
    • 158 11 AP BRITAIN'S Linford Christie, European 100-metre champion, sped to victory in 10.16 seconds last Saturday as England defeated Italy and Czechoelovakia in the men's international track and field competition in Portsmouth, England. Meanwhile, former 800-metre Olympic champion Steve Ovett was a disappointment, finishing fifth in
      AP  -  158 words
    • 552 11  -  ■y WALTON MORAIS ENJOYING one of the finest seasons of his career, big Samson Gimson romped to a comfortable win in the Desaru Amateur Open golf championship in Johor over the weekend. The hulking golfer who stands at 1.83-metre and weighs 88kg, carded
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    • 273 11  -  By MIKE THUMBA SINGAPORE'S performsncs in the 30th Far East Bridge Championship held in Shsnghai, China, laat week was its best in any Far East championship, s returning team member said. Stsvs Robinson, one of the top Singapore bridge players
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    • 485 11 AP MARTINA NAVRATILOVA squandered a 5-0 first set lead in the Pilkington Glass grass-court championship match in Eastbourne, England, on Saturday, losing the title to Helena Sukova and suffering a blow to her confidence as Wimbledon draws near. Navratilova, who had won the Pilkington title for
      AP  -  485 words
  • Page 11 Advertisements
  • Page 11 Miscellaneous
    • 1176 11 to vm mm FIRST AMONG EQUALS 7.30pm, Channel 12 It is October 1964 and four new MPs take their seats at Westminster. All have their sights on living in 10 Downing Street. Over the next 25 years, they will challenge each other in the public and political arena, while trying
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    • 10 11 nnStCM: FtankJ)icka£ LOVCLI LOINSTQfJ HOTTeST DP*V FOP TU>£LV£ v /6ARS,uONGJ
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  • INTERNATIONAL STOCKS
    • 351 12 NYT SALOMON BROTHERS I no disclosed last Friday that it held Harcourt Brace Jovanovich debentures that it said are convertible into 35.7 per cent of the publishing company's common shares. The disclosure was in a filing with the Securities and Exchange Commission and is
      NYT  -  351 words
    • 169 12 AP FOR THE SECOND time in seven months, Gillette Co has turned away a takeover offer from Revlon Group Inc, the New York-based cosmetics company. Gillette's board of directors told Revlon last Thursday night that its latest bid of U554.66 billion was unwanted. Noting
      AP  -  169 words
    • 424 12 Reuter THE OFTEN menacing triple witching hour failed to short circuit Wall Street's climb into record territory on Friday as stocks closed higher in active trading. The Dow Jones Industrial Average roee 12.72 to a record 2,420.85. For the week it roee
      Reuter  -  424 words
    • 144 12 JUNK 1t AbWW C 36 I ♦1* moo Int Prov Pipa hi Ind Karr Addtaon 24* SI 28* 23 41* LoMaw Co 16 Atgoma M 1« McMil BHD 26 B#nk Nova 8oott4. Of M n r 1r i if SS unci) Moteon A 24* 32% Ban Canada. 49 undi
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    • 220 12 JUNK It RAND ♦J» Tongaat Truat Bk ***** 230 •10 Un Sta* Wooitru 77 1875 unch MO A Alpha urmuLS 1728 25 M Abarcom 320 6 Angtoa *775 50 Aad 1825 unci) Angvaal SHOOS unch Amaprop 570 +10 Btyvoor MOC *80 AMIC MOO +SO Bum» 7390 -00 Birlowi 2915
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    • 455 12 JUNE It Ml J1 Alcoa 54* Allag Irrtl 16% AIMad Stg 43* AIMa-Cftalman Am Brands Inc Am Can Co I 47* unch Am CyanamM 51 i* Am Ehk Pwr a 36* Am Homa Prod *3* Am Motor* Cp 4* Amax Inc 21 Amarada Haaa at 88* 98* 10*
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    • 622 12 Amsterdam JUNC If nj ABN Aagon Ahotd. Akao 471 00 83.00 *.70 143 60 8 1.7 26 Alranta 146. SO AMEV Amro Bank AM 9M BOL8 64 SO 74 JO 123.00 15 20 162 00 -03 1.2 •05 0.2 18 Boftumij Bwhfffiifl T Mm Catva Bmntm... Fokkar Qwmtm
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    • 168 12 Reuter LLOYDS BANK, one of the biggest in the world, will stop dealing in the U553,500 billion-a-year Eurobond market It alao aaid it would atop making marketa in British government bonds, commonly called "gitta". Dealing in Eurobonda, which are bonda iaaued outaide
      Reuter  -  168 words
  • Page 12 Advertisements
    • 635 12 H m Wit&tt to wiae, •:t dine and eaisertalsi #i=P MflJ MB Savour 20 of your favourite local Hawker food. Authentic local Hawker food will be presented by various stalls at the poolside (sth floor) from June 19 to 28, 1987 for lunch and dinner. Price: $13.50 per adult and
      635 words
    • 265 12 /|`<'{*)}@;?{%-"-%!="^+~>(:;[.- Mllan.Stockholm,Vienna prices were not available Ride in for the American Bonanza! At the Crown Prince Hotel from 20June to 11 July, there's good ol' fashioned American cookin' at the Cafe de Prince. With a buffet lunch and dinner, a special US beef a la carte dinner menu, and an
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  • INTERNATIONAL COMPANY NEWS
    • 380 13 NYT CHRYSLER Corp has announced an agreement to acquire Electroapace Systems inc. a Texasbaaed producer of communications equipment, for US$27 a share, or $367 million. The No 3 American car company said on Friday that it had an agreement to buy the 38
      NYT  -  380 words
    • 150 13 Reuter THE PROPOSED HK$5OO million transferable loan facility for South China Morning Post Co Ltd, a unit of News Corp Ltd, will be raised to HK$BBB million, lead manager Manufacturers Hanover Asia Ltd said. The loan was more than three times oversubscribed in
      Reuter  -  150 words
    • 277 13 Reuter A JAPANESE government official said Toshiba Machine Co, alleged to have illegally exported strategic high technology equipment to the Soviet Union in 1982 and 1983, has made another illegal shipment to that country. A senior defence official in Washington said yesterday
      Reuter  -  277 words
    • 179 13 AFP BOND Corporation International Ltd (BCIL), a prominent media and property group, expects to record a profit of HK$l3B million in the first six months of the year, a company official has said in Hongkong. Peter Lucas, the managing director of BCIL, told shareholders
      AFP  -  179 words
    • 79 13 AFP ANGLO-AUSTRALIAN press magnate Rupert Murdoch is negotiating with the British company Lonrho to purchase the daily Today, The Independent newspaper reported on Saturday. Mr Murdoch began the negotiations a week ago and was to meet again with Lonhro officials, the Independent said. Today
      AFP  -  79 words
    • 398 13 Complaint of a lack of consultation Reuter THE South African staff of the US bank Citicorp said they would challenge its plans to sell local operations and withdraw from the country. Employees said they had written to Citicorp chief executive John Reed protesting
      Reuter  -  398 words
    • 392 13 NYT SHEARSON LEHMAN Brothers is trying to recover about US$l9 million from Mark A Stahl, a former senior vice-president who has pleaded guilty to chequingaccount manipulations that allowed him to divert company funds into his own outside accounts and investments. The US$l9 million is
      NYT  -  392 words
    • 133 13 NYT AFTER MONTHS of disputes and failed negotiations, Gulf Westem Industries and MCA Inc have agreed to buy out Time Inc's stake in USA Network, a cable television programming service, for US$52 million. Disputes among the three owners have gone
      NYT  -  133 words
  • Page 13 Advertisements
    • 622 13 %ti/L jSZ. <sm M m Wifoere id wlae, dlae mii eaterfaia r/y% r r Fabulous Buffets in a Day at Apollo Local Buffet Breakfast 5 Nonya Buffet Lunch $14+ High Tea Buffet 6+ Singapore Buffet Dinner $14+ Hot Porridge Buffet Supper 7 405 Havelock Road.Singapore 0316, Tel: *****81. II Singapore
      622 words
    • 171 13 ENTERTAINMENT HIGHLIGHTS J^YOtmdaßand the Philippines A sensational band thai is wit! stow numbers, favourite 4 ts 4 3 HAPPY HOURS 12 noon Bom mm, DISCOUNT on bottle rates and premium 4U /> brands Plus! Buy ona and gat one tree (CAIHNHILL HOTEL) 19 Cairnhili Circle. Spore 0922. Tel: *****22 Fri,
      171 words

  • COMMODITIES
    • 572 14 Compensation for a lower dollar AFP THE ORGANISATION of Petroleum Exporting Countries (Opec) may consider adjusting dollar crude-oil prices to compensate for a lower greenback, Indonesian Mines snd Energy Minister Subroto ssid in Jakarta on Saturday. "Although it is not included in the sgends
      AFP  -  572 words
    • 192 14 Reuter DEMAND for platinum could reach 3.4 million ounces by 1901, compared with an estimated offtake of 2.88 million in 1966. Chris Clark, platinum marketing director for Johnson Mattheysaid. Mr Clark told a meeting of the Minerals Research Organisation in Milton
      Reuter  -  192 words
    • 1039 14 AFP THE ENERGY SECTOR moved into the limelight laat week, booeted by the sharp rise in New York crude oil values, which topped the US$2O-per-barrel level for the first time since last Jsnuary. Elsewhere, sentiment was dominated by currency factors. Precious metals were
      AFP  -  1,039 words
    • 162 14 ChlntM Produce Exdiangt S«ltn' -1HT- dMk Junt 20 (SI/100 v— Coconut oil M FOt 91 X)0 Old dran FOt 101J00 N*w drum FOt 105.00 Copra AAIx#d (Ioom) S3 Popper Muniofc white r -1 FOt NLW Sorawafc 1172J0 FOt foq NLW 1157 JO Sm uwah Mac* FOt NLW 940.00
      162 words
    • 195 14 THE PRICE of tin on Em Kuala Lumpur En mortal doood two conts hlghor ot M 116.62 por kg loot wook Irom MSI6.M Em previous wook. Tumovor lor Em wook foil 54 loimoo to 360 from 404. MoonwHEo, Dopuly Primary Induokrloo Mlntotor ANoo AN oold Em lounchlng of
      195 words
    • 28 14 RUBBER Oosina prvc*i S^gooor. frUjtO Ml (Li M canta/kg ME?-! 211-50 247JO iM If 2(WjOO 244.00 Jim 1 206-00 246.00 Juw 1 209OO 246-00 Jww 1 207JO 246.00
      28 words
    • 138 14 WHEAT FUTURES in Chicago last Friday closed on or near the lows, down 3-1/4 US cents to one cent per bushel in light trade. July settled st U552.63-3/4 after posting s 3-1/4 cent rsnge on the dsy. Corn futures ended mixed in moderstely light trade to rsnge from down
      138 words
    • 333 14 A STRONG SURGE laet."' Tuesday helped credo palm oH prices cloaa last week with fairly big gains from the previous week in sharp- »< ly increaaed trading at the Kuala Lumpur Commodity Exchange. Turnover for the weeki! jumped to 2,206 lots from 404 lots the previous week 1
      333 words
    • 324 14 London Commodity Exchange 6</y#f 'Stltc cftotfct B prtco* on Jmm 19 U/tonm mftM ycf^td* doting pd km in CoIIm Boris Iw #or» Londi BiV toAori option OF Lndii My 1238/1240 (1240/1245) high/Low 1256/1236 1255/125* (1252/1255) 1275/1255 Soto* (3147) Coctn My 1279/12*3 (1276/1277) HV»Aow 12*6/1272 fa# 1259/1262 (1254/1255) 1265/1250
      324 words
  • Page 14 Advertisements
    • 941 14 National Westminster Bank PLC Head Office: 41 Loth bury London EC2 England Singapore Branch: 50 Raffles Place #05-01, Shell Tower, Sngapore 0104 lei *****44 Telex RS ***** Fax *****27 Foreign Exchange Tel: *****77 Telex RS ***** Consolidated Balance Sheet At 31 December 1986 Ordinary shareholders' funds: Ordinary share capital Reserves
      941 words
    • 4 14 TRADER VK'S Hi) summit
      4 words

  • MARKET REVIEWS
    • Article, Illustration
      800 15 BT Composite Index components (WMt t MM J tunc It, 1N7) Aaol Staal Bomtaod C1C Carabo* Cotd S>of» Eao f A N Gantmgi Haw tar lappa! Corpn Imb Chang NIT Nat Iron PMC Priao Inhiwon S 1 A S P H ITOm»»YI ■t otmm m a az +b 249 unch
      800 words
    • 3741 15 1M7 MgH Low Laat Ma +orQr*0 Dtv Dtv Cn Or*9 YTd Nat P/€ Vol com Wt HI* Mk Low SECTION ONE MDUSTRIAL COMMERCIAL 242 92 274 m 212 306 m 200 191 380 96 382 436 •19 •00 366 206 466 700 84 188 706 466 232 1070 79 380
      3,741 words
    • 778 15  -  jf||Singapore By USA LEE PENNY STOCK Paper Products was on just about everyone's Hps at the close of a quieter week as the Singapore stock market remained in its consolidation phase. Foreign institutions were pushed into the background as market punters had a
      778 words
    • 336 15 m Tokyo kIJ j AFP SHARE PRICES plunged on the Tokyo Stock Exchange in turbulent trading last week as the Nikkei Stock Average suffered a hefty 006.19 yen toea. The Nikkei Average, a 577.97-yen winner the previous week, closed at 25,260.12 yen on Friday,
      AFP  -  336 words
    • 878 15  -  compiled by JULIANA TAY Week ended June 19 SCRIP ISSUES Olinghaib Proposed bonus issue of one-for-four. Public offer of 23.15 million Southern Bonk Bhd shares of $1 of $2 20 per share. Sunshine Aided: Proposed rights issue of one-for-one at $1.35. Tongkah Hldgsi Proposed rights
      878 words
    • 960 16 Market shrugs off bearish news PI l/'j J ew V° r k a FT BRITAIN may be having more than its fair share of rain but there was no question that summer has arrived in New York where the local inhabitants have been
      FT  -  960 words
    • 460 16 il I Hongkong 4 SHK Securities THE HONGKONG market continued its bull run, gaining another 36 points to cloee the week at 3,165.64. The broader-based Hongkong Index gained 22.74 points to 2,045.97. The Hang Seng Index finished on Wednesday at an all-time high
      SHK Securities  -  460 words
    • 284 16 \,I Australia M AFP AUSTRALIAN «hare markets eased steadily downwards last week as investors continued to head for the sidelines and gold weakened. Brokers said they were flying blind on Friday after the stock market computer failed, but generally conceded
      AFP  -  284 words
    • 933 16  -  frnul London j From RAY HEATH AFTER the election party, came the hangover for UK stocks and government bonds last week. The expected arrival of foreign investors with fresh supplies of money to keep spirits, and prices up, failed to take place.
      933 words
    • 615 16 fcis-J K.Lumpur MBT DESPITE a not vary encouraging •tart, the Kuala Lumpur stock market was taken to uncharted territory last week with the widely-followed New Straits Times Industrial Index reaching new highs on two consecutive days. The index hit 1,853.76 on
      MBT  -  615 words
    • 261 16 UBS AFTER a flat market the previous week, an upward trend asserted itself on the ZurkA stock exchange last week. Swiss franc money rates were higher, but not significantly, short rstes remained tense ahead of the mid-year accounts day. Once the June settlement date is
      UBS  -  261 words
    • 189 16 NMB Bank THE AMSTERDAM stock market remained under the spell of the ElsevierKluwer takeover battle in the first hslf of last week. But when it became clear that Wolters Samsom was likely to win the favours of Kluwer snd together form a publishing firm
      NMB Bank  -  189 words
    • 484 17 WHO HOCK LOCK SIEW INVESTORS and shareholders k» of Overseas Union Securities do not seem too perturbed by news that it has been slapped with a hefty back-dated tax asii sessment of $7.64 million. Only 50,000 units of OUS changed hands last Friday
      HOCK LOCK SIEW  -  484 words
    • 734 17 SHARES recorded their biggest one-day (all since (he end of March on the London Stock Exchange lest Friday, in sharp contfsst to recent strong c )»ost-election sentiment, 'although most counters closed above their worst level of the day. -rv Last Thursday's ecoindicators pointed cto inflationary pressure in the
      734 words
    • 216 17 Bernama ES SIM LIM Invsstmsnts Ltd has sntsrsd into a contract to sell Bayview Plaza in Queensland, Australia, to Darimin Pty Ltd as trustee of the Runaway Bay Shopping Centre trust Sim Lim said in a statement last
      Bernama ES  -  216 words
    • 474 17  -  By ELAINE KOH MALAYAN CREDIT LTD is aiming to tap the market tor M 5115.53 million with a one-tor-one rights issue priced at $1.50 a share. The new sharee will have a sweetener in the form of transferable subscription rights (TSRs) which entitle
      474 words
    • 373 17  -  By NAJEEB JARHOM BON VESTS HOLDINGS' majority shareholder and chairman Hanry Nqo la buying tha company's 20 par cant share in Allsworth Pte Ltd, developer of Allsworth Park along Holland Road, through hia Hongkong company Unicurrent Finance Ltd. Mr Ngo, who
      373 words
    • 317 17 MBT MULPHA INTERNATIONAL Trading Corp and Canon (Singapore) are atill talking of the poeaibiNty of a "semi-cordial'' settlement to resolve a Ms 7 million franchise problem, according to Mulpha chairman Chan Hua Eng. "It'a my personal view that Mulpha and Canon, being two big companiee,
      MBT  -  317 words

  • Page 16 Advertisements
    • 289 16 APPOINTMENT Banking Appointment Senior Regional Financial Executive (BES/*****) (Remuneration: Negotiable up to $200,000 p.a. Benefits) Our client, one of the largest and most respected financial institutions is involved extensively in every aspect of the banking industry. A market leader in the innovation of new products and services, the Bank has
      289 words
    • 335 16 irrr b i virTTTTrrT^mH ior THE COMPANIES ACT, CAP. ItS AND Ifc! I v. f.V Hi 4 11, SOM KIM GOLDSMITH PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of SOM mi GOLDSMITH PTE LTD Holy convened and held at Blk 6 Byed Alwl Road #03-315 Singapore 0820
      335 words

  • Page 17 Advertisements
    • 315 17 mw i j- flppg-.' >." $<* jS£f£ IE *tMKI3K =i fe M|j* -WPn >t v Iwß* i' I f BJp?WSyS*?B^ V-s. W&&4*: >:'• «>" ESTABLISH LETTERS OF CREDIT IN MINUTES m AND YOU WON'T HAVE TO WORK ALL HOURS In a world where time is money, you will find Standard
      315 words

  • 129 18 Reuter RUMOURS of an amnesty during the visit of Chinese Foreign Minister Wu Xueqian to Hongkong created a flood of people trying to sneak into the British colony. A Hongkong government spokesman said yesterday more than 270 Chinese citizens have been caught
    Reuter  -  129 words
  • 159 18 THE OPEN MOBILISATION exercise conducted by the Singapore Armed Forcee went one further over the weekend with ebout 800 of 3,000 reeervists who were recalled having to go immediately into e field deployment exercise. It was the first time thet reservists went immedietely into
    159 words
  • 690 18  -  By ZHOU MEI Economics Correspondent THE PREFERENTIAL Trading Arrangement (PTA) will remain the main instrument of Asean's in-tra-regional trade liberalisation. In the years ahead, the margin of preferential treatment of Asean products is expected to deepen while the national exclusion lists
    690 words
  • 143 18 A SINGAPOREAN is likely to head Asean's negotiations with the US on the Asean-US Initiative, said Foreign Minister S Dhanabalan last Saturday. The Asean-US Initiative, given an impetus at the just concluded post-ministerial conference, is a proposed umbrella arrangement to facilitate trade and investment flows
    143 words
  • 596 18  -  By GOH YEE LING COUNTERFEIT watch dealers will face the wrath of the Singapore Clock Watch Trade Association (SCWTA) which will seek the help of the government to clamp down on their illegal activities, its president Mr Tan Soo Khoon warns. Mr
    596 words
  • 475 18 OFFICERS of the Singapore Armed Forces must rise above ethnic, social and religious distinctions, President Wee Kim Wee said yesterday. By treating one no differently from the other, they can help their men to see each other as soldiers for a common
    475 words
  • 231 18 THE MARK of a true Muslim is not the outward show of piety and devotion. Rather, Muslims will be judged by their understanding of the underlying truths of Islam, how faithfully they apply them in their conduct within their familiee, friends and
    231 words
  • LATE FILE
    • 42 18 Reuter KREMLIN LEADER Mikhail Gorbachev, in an impromptu election-day public appearand, Mid yesterday that the Wert lacked the political realism needed for prograe» in arms control while the Soviet Union was reedy to move torward Reuter
      Reuter  -  42 words
    • 34 18 AP DAIHATSU MOTOR Co and three other Japanese companies plan to cooperate in a Polish car manufacturing project estimsted to coet US$7O4 million, the economic newspaper Nihon Keizai Shimbun reported yesterday.
      AP  -  34 words
    • 45 18 Bernama ABOUT 1,000 fishermen in Johor said yesterday they had not gone to sea for the past 10 days because of the presence of an oil slick they claimed was discharged from four tankers snchored off Tanjung Piai near Pontian.
      Bernama  -  45 words
    • 39 18 UPI THE WIFE of South Africa's ambassador to Washington offered to have a "coloured" woman reclaeaified as a White to avoid a controversial racially mixed marriage in the family, newspapers reported yeeterday. UPI
      UPI  -  39 words
    • 35 18 Reuter THE UNITED Nations peacekeeping force in Lebanon yeeterday demanded Israel dismantle a pro-Israeli militia command poet which the UN complains has fired repeatedly on its troops without cause. Reuter
      Reuter  -  35 words
    • 28 18 AFP POLICE in Switzerland are taking legal action against three Swiss journalists who have refused to identify an AIDS-carrying prostitute they interviewed. AFP
      AFP  -  28 words
  • Page 18 Advertisements
    • 162 18 Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available. 1. Ng Teng Fong spends $82m on building up land bank 2. Industrialists growing more optimistic, says survey 3. Ng Teng Fong strikes again 4. SES plans scripless
      162 words
    • 104 18 ZM, Wf J N V N vS N J "p V? yt+~~r to > r-z >75 r.v ft as 1 f.' B^3 £tt F*MDE ROM) LX< < :X H ix S.H Sfi 1 4 r FREEHOLD <* No Rcstrictiont on Fotviopwi V <o 9o Bookings A Enquiries CITY DEVELOPMENTS LTD
      104 words
  • Page 18 Miscellaneous

  • SHIPPING TIMES
    • 443 19  -  By G DURAIRAJ LOi. TRAFFIC at Penang Port declined dramatically over recent years as more stripping arid stuffing of containers are undertaken at privately-operat-ed inland clearance depots (ICOs) outside the port. The consolidation activities by private operators, which has the active support
      443 words
    • 217 19 IN AN EFFORT to handle higher workload, the Port Authority of Thailand will computerise its container freight handling operations. The system will be used to handle container operations and freight in PAT's wsrehouses and to calculate cargo flows through Bangkok port. Bids for a
      217 words
    • 152 19 Reuter CHINA has resumed repairs of Soviet ships after a 23 year break caused by the ideological split between the two countries. The New China News Agency said an agreement to resume the business was signed by the two sides on
      Reuter  -  152 words
    • PORT SIDES
      • 63 19 Reuter THE HONGKONG/Calcutta and Bangladesh Freight Conference said it would impose s congestion surcharge of 5 per cent on shipments from Hongkong to Chittagong, effective June 25. It said port conditions in Chittsgong hsve been deteriorating with vessels suffering berthing delays of more then six dsys. There
        Reuter  -  63 words
      • 100 19 Reuter THE JAPAN/lndis-Pskistsn-Gulf/Jspsn Conference will reduce the extrs risk insursnce surchsrge applied to shipments for Iranian and Irsqi ports to 5.5 per cent from 10 per cent, effective June 25. It added the extra risk chsrge on shipments for nonIrsnisn and non-Iraqi ports not covered under
        Reuter  -  100 words
    • 1292 20 Seatrsde TOWARDS the end of 1966 the persistent complaints of steamship operators about the devious way market forces and the Shipping Act of 1984 had conspired to eviscerate the laat vestiges of vitality in oceanborne commerce seemed to fade away. In
      Seatrsde  -  1,292 words
    • 233 20 UPI POLAND has apologised to West Germany for an incident in which a Polish Navy ship accidentty hit a West German warship with gunfire in international waters of the Baltic Sea, the West German Foreign Ministry said. Polish ambassador Tadeusz
      UPI  -  233 words
    • 189 20 IRAQI warplanes attacked Iran's vital oil export supply lines for the first time in more than a month, damaging a Maltese tanker and striking at the major Kharg Island terminal, regional shipping sources said. Iranian Prima Minister MirHossain Mousavi, hinting at poaaibla retaliation, callad the move provocative
      189 words
    • 1021 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Ahrenkiel liner XI 1 Africa Ocean XII 2 AII tram VII 3 AC Toepfer IX 5 American Tpt XII 2/3 Anro Service IV 2/3 Arrow lines XN 2 Asian Ocean VI 3 Atlas line X
      1,021 words
    • 185 20 Reuter THE 37,635 dwt bulk carrier Cumberlande, which sank in the south Pacific two weeks ago, was carrying a cargo which included lead as well as magnesium ore, a Lloyds Shipping Intelligence spokesman said. He was unable to confirm the tonnages
      Reuter  -  185 words
    • 1157 20 INCREASED grain chartering was reported from tha St Lawranca but the freight market it otherwiae rather dull on Thursday, ahipbrokers aaid. Grain operators secured vessels from the St Lawrence to Montevideo at U5513.25, to Shanghai at $22.50 and to Nueva Palmira at $ig. A steady 114.75 waa paid
      1,157 words
    • 445 21 EVERGREEN MARINE Corp, Taiwan's largest private company, has applied to the Security and Exchange Commission to go public next month, a company spokeswoman said. The announcement came as no surprise as this has been bandied about for the last few years.
      445 words
    • 332 21 GREEK buyers were strong in the market for buikers lest week. The Thetie, a 34,201-dwt motor bulker built 1972, was sold to Greek operators for about US$2.3 million. The Plkebank (18,436 dwt) and the Troutbank (18,501 dwt). both tweendeckers built 1979. were sold en bloc at around US$7.2
      332 words
    • 121 21 Reuter THE ROYAL DUTCH Shell Group has signed a contract of sffreightment with Japan Line for the charier of tonnage to make six monthly voyages spread from July to December at various rstes and for various destinations. London shipbroker Galbraith's Ltd said reports circulated the market
      Reuter  -  121 words
    • 8404 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.
      8,404 words
    • 1987 28 Who acts for whom A—B AB Stepping Boustead Shpg Agencies. ABC Containerllne NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Linee Seel ion Shpg (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceenus Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrsns Alltrans Expreaa American President
      1,987 words
    • 893 29 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movement Ship Voy date/time Operator cargo schedule Location Klong Reefer 687S *****7 2100 Sime Darby F5A 1100-1300 N2 Mokolu 813W *****7 2359 Sea Con F8I4 1400-1600 (2 Ned Delft 198 *****7 0500 Ned-EAC F7 2000-2100/1900-2000 A6/C6
      893 words
    • 441 29 VMM) KEPPEL WHARVES Bwtt Arrival D*partui Al» Prosperi KIS olongside *****700 Fengtoi K29 olongside 24 06/2300 FT Carrier K20 olongside *****600 Huang long K33 olongside 24 06/1500 Kola (atu K3I olongside *****600 Maritime Joy K34 olongside *****700 Str Hope K24E olongside 23.06/2300 Angel >que Kit alongside 2206/1200
      441 words
    • 350 30 THE ECONOMIC and Social Commiaaion for Aaia and the Pacific (Eacap) has mapped out a fouryear action programme for 1987-91 to help develop the region'a freight forwarding industry. Mr David Turner, Eacap diviaion chief for shipping, ports and inland waterwaya, said the
      350 words
    • 232 30  -  -#y Kingsley Wood AUSTRALIAN National Line had improved its commercial performance markedly aince the deciaion to boost its funding by A 570.5 million, according to an independent review by Interatate Commission president, Mr Justice Everett. A financial
      232 words
    • 233 30 Seatrade Week THE PORT of Chicago has fired it* maritima director Richard H VanDerzae, following a report by the Illinois governor's office accusing the port of mismanagement. Although VanOerzee reportedly had a good relationship with the governor's office, the port's executive director said he
      Seatrade Week  -  233 words
    • 90 30 Reuter DUTCH SALVAGE firm Smit-Tak said it will take some three weeks to lift the Swiss tug Orinoko end its lighter Pavo which senk 10 days ego at Karlsruhe in West Germany, blocking the Rhine River. Smit-Tak, which with its West
      Reuter  -  90 words
  • Page 19 Advertisements
    • 829 19 i>S m How S.E. Asia upset the logical West HILARIOUS. TRAGIC dangerous. Available at all Good Bookshops WW/ (XyENi Oveiqus Cuiiumt Line NORTH AMfRICA ATLANTIC EXPRFSS (ROUNO THE WORID ROUTING* FXPOKT JARMNE SMIffING AGENCIES (Rtf. No. 242*4/ 00K) 200 Cwrtoomont And #12-05 Souoipomt. Snppora 0201 T* *****1 TELEX NO RS
      829 words
    • 120 19 [KMDB TOWARDS the end of 1986 the persistent complaints of steamship operators about the devious way market forces and the Shipping Act of 1984 had conspired to eviscerate the last vestiges of vitality in oceanborne commerce seemed to fade away. Pag« II EVERGREEN MARINE Corp, Taiwan's largest private company, has
      120 words
    • 656 19 •W'lNKfh! a »fcr* SHE HAD POWER. SHE NEEDED LOVE. SHE WANTED REVENGE. Emma Harte is A WOMAN OP SUBSTANCE But what is the price she has paid? Available at all good bookshops MAERSK LINE THE FAR EAST AND THE MEDITERRANEAN HAVE BEEN BROUGHT CLOSER TOGETHER BY S port KeUng op*
      656 words

  • Page 20 Advertisements
    • 328 20 Ktai EUROPE/FAR EAST CONVENTIONAL SERVICE TEL: 03-*****50 Malaysia son. BNo. TLX: ***** MTM VSL HERUVIM SAN JIANG KOU PT. 01 LOG. DATES Avfta-lmminfhjm 1-20/1 Antwerp 20-2S/6 Wwfcf SMdedwi#-AiSss-SlJew 11-4/7 BrMwn-Hamburf 22-9(7 PT. KLANG 2*J an 41 3M Frt Booking contact Miss Gan S PORE LOO. FOR KucMnt-auun-Utufl KKIMIum wm Further
      328 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 458 20 NOTICE OFFICIAL NOTICE PROPOSAL TO CHANG* m i j 11 t We. CRISHOLM TRADING PTE. LTD. of 111 No&h Bridge Road, #38-03 Penkisula Plaza, Singapore 097, hereby give Notice consequence of the Intended purchase of the undermentioned Vessel. We have applied to the Registrar of Singapore Ships, under Section 417
      458 words

  • Page 21 Advertisements
    • 882 21 The Straits Steamship Group wm Mansfield Container Shipping PteLtd nojfww P&O IvIUUL Containers Limited CONTAMERSMP SERVICE TO UK/COffTMENT: STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Porta and Bangkok rpn PJOMI nn 2M mp mp mp mp I*7 w W7 w 27,7 ZSf rtM rk*i riMM R-BM WWW 17(7 WV V
      882 words
    • 855 21 Leave it all to NYK NYK Group's total services ate your assurance of total satisfaction. .■s r V *r f The NYK Group provides door-to-door total global service for your shipment. By integrating truck, train, plane and ship with our computer simulation program, NYK can save you time, money and
      855 words

  • Page 22 Advertisements
    • 327 22 CONTAINERSHIP SERVICE TO UK/CONTINENT COPENHAGEN. AARHUS. GOTHENBURG, MALMO. HELSINKI. OSLO, AMSTERDAM CARIBBEAN A S. AMERICA CONVSEMI CONTAINER SERVICEJO EUROPE SPORE H'BURG ROAM A'WERP IMMINCHAM RS QINGOAO W If M 214 IV* CONV/SEMI CONTAINER SERVICEJO MED EUROPE SP PK PEN TRIES LEX BILBAO HBG B'HAVEN AMS H AMMONIA 10/7 11/7 31/7
      327 words
    • 795 22 Lpi: *Ju»l JC.S.LINE ,tMA FULLY CONTAINERISED SERVICE f TO f UROPI VIA Mfntbft ot Ihf iTTciwHOftwni S port LaMawa R'daai Frtox H'W| Bhanon Antwerp KOREAN JACEJIN 3BR 24/6 13/7 IV 15/7 11/7 19/7 21/7 CHINA CONTAINER 4M» 1/7 20/7 21/7 22/7 2*7 2V 21/7 NEPTUNE CRYSTAL 40* 1/7 27/7 21/7
      795 words
    • 416 22 K S LINE JAPAN/HONG KONG/STHAIfS StHVIlt SANKYO LINE (S) PTE LTD. U) (>f< Street alO 04 (,K HmMuif S'pwf UlOti Irt Pmt UrUnj li(j P«u S%pm| Sdn Kh<l IH OJ *****74 Prnjof Mjl.msjj Iradr K Irjmport ltd le! 04 hi7*S3 Pj\» (iitdji'f MjljtMjn Stappmf ({frv ifs Sdn Whl Irt 0/
      416 words
    • 1023 22 EVERGREEN Round-The World East Bound (FE/CARIB/USEC/EURO/FE) NW KK mc ns o» TYO KM CM NYC EVU LEVEL HHMmV7---Vn tip in EVER GLORY 1/7 *7 11/7 IN 74 114 EVE* UNKING W WW W EVER CLOSE UP BP BP HP 1M EVE* GARDEN HP VP HP HP 254 EVER GENTRY 90
      1,023 words

  • Page 23 Advertisements
    • 545 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 1 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE 53 WP vessel voy SIN say sua SIN olw pcm SEA FORTUNE 1753 SID Wl M MK 2/7 1/7 SEA GLORY 5717 2S/S 1/7 4/7 7/7 «/7 SEA
      545 words
    • 131 23 na IMORBUL NORBULK CARGO SERVICES LTD. REGULAR CONVO4TIONAL TIMBER AND PLYWOOD SERVICE TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SPORE RUPATHON UNITED AGfNCV PTE ITD TEL 222WK MAIAYSIA SP YEO SHIPPING TRADING Kl T3<#U*> P* *****01 PfNANG TANJUNG MARINE SDN BHD TEL SABAH TRANSPAC K K 59«8.77L?« T* 0 INTRANS
      131 words
    • 673 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT MM IHAVEN DAM HAWK STOM f KLANG SPORE FOR vm MM SMM SatM SwM SMM Z» HKG. Mar# SwM MM I«M S»M SMM M OH NKC I Eww MM Sum SaiM MM SwM MS 1/7 HKG. ALL
      673 words
    • 402 23 DJASAGETRI A Joint Europe Service Ot P.Y. DJAKARTA LLOYI P.T. 6ESUBI LLOYD P.T. SMRiBEIA NMKStt P.T. TIIKQRA LLOYI EXPRESS SEMI CONTJUNERSRIP SERVICES > iLH.Ui] [114H.11] J: VESSEUVOY SPORE EMBU F/ICH-RTB 23-26/6 KUTAI/Um 304-2/7 S. PANJANGAOrB 15-17/7 CAUDA BNAKTI/MM 713/7 imt nil E ANTWERP BILBAO BREMEN ADAM/RDAM HBURC ap m -MM
      402 words
    • 338 23 rago BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR ma lama (Burmese National Line) Loading for Rangoon PA-AN VII2W PAGAN VXI3H AVA Ml Dttuuriinc only Loadinf Mr Luropt P.Kelang Penang Bangkok 22/24 June \ATATAMAITAI SAMOA V.ION FORTH BANK VI9N IVY BANK VI9N MEADOW BANK VUN SPOKE ROAM HULL HMBG Iu si T,
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  • Page 24 Advertisements
    • 1402 24 K"LinE SHIPPinG-DATfI ATLAfITIC COAST (Round-The-World Service) •PK/PNG SPORE LB CMLS 0 FREEDOM Vl4 Sid 26 Jim II Jul 21 Jul 0. FAITH V 3 27 Jun 3 Jul 25 Jul 4 Aim 0. FRIENDSHIP V 3 4 Jul 10 Jul 1 Aug 11 Au| •VIA FEEDER PACIFIC SDUTH-UJEST FEEDER VSI
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    • 537 24 'M AUSTRALIA EXPRESS CONTAINER SERVICE AcoopNng FCUFCL ContMnra Fm*> P.Mtam Law tmml S port IMb Fran Sy* Ate Acca TMAJKXOAS" VX 30 Mia 14 My 23 My 21 My AM/Bra ESTECLIPPER V.IS 10 My "HABJROAS" VJS »My 3A*l2A* 10 A* AM/ftrn CALABAR VJt 25 My "RAMOAS" »J0 I Am| 23
      537 words
    • 705 24 GOLDEN LINE KJfiV GUAM GUAM SWUNG (PTE) LID 21 im »T* Sfcaal WNK tIM TH: Utntt (II1MB) Far SM39 STRAITS/PERSIAN GULF SERVICE: S pore P KaianfPani QOIDCN WONDER Cotamto/Karac!>i< Dubai. Oammwr yt July QOLOEN BEAR Moinbo/KaracN/M*caVßalvaw RiaMy- CHINA SERVICE A VESSEL Hsinkanf/Sttanfhai V» My 'AtILU. '1- iJLlilLl: Accaptini FCI Car«t
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    • 376 24 I'B PHill J RON SHIPPING AGENCIES Pit LID PHIII ORIENI LINES PIE LID hmd ohioi m rormson road 1: MRO ASIA K'Jlum SINGAPORI 310f« Ift ??3|769 I <f IHH PS ?87?0 PHIII mi MIDDLE EAST/FAR EAST FCL LCL SERVICE ETA SINGAPORE (DESTINATION m *p. *KW I MM.T* ■Y* X HI
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  • Page 25 Advertisements
    • 682 25 NEPTUNE AGENCIES PTE. LTD FE EU/AUST TPA/StA Termirul CFS BOOKINGS 278S7SJ W42 *****22 7771 27*11$ 27*111 27*111 27*1« NEPTUNE ORIENT LINES LTD NEPLINE SON. BHD. *****87 NEPIINE SON BHO. 2M4033 NEPLINE SON. BHD. *****5/627M0/6271U/*****2 NEPLINE SON. BHD *****0/*****1 INWARD/OUTWARD ENQUIRIES *****44 TJi\ FULLY l ROPE/UK (VIA SUEZ) i»i ner mm.
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    • 112 25 4« TAYO SHIPPING LINES PTE LTD TEL *****25 (3 Un«») TLX RS ***** TA YOIN VESSEL ETA ETD DESTINATION PIYA I 26/6 90/6 KRABI/COLOMBO A VESSEL 22/6 27/6 PORT KELANG/BELAWAN SINAR MEGA 23/6 27/6 PEKAN BARU/DUMAI A VESSEL 18/6 20/6 BATAM A VESSEL 22/6 27/6 SEMARANG/SURABAYA REGULAR SERVICES TO INDONESIAN
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    • 439 25 No 9 Oon*n/7MN M. Enterprite/hIN No 7 DonwivTOSM No I Dofum TOSM No Donjm7o7N No Donam/70SM Enterprna/TUN No 7 Don*mp%H No I Donam/TOMI S PORE AGENTS NEPTUNE AGfNCIES PTt 110 Ttl 27*112,7n5U4 *****10 *****22 (Optfjtiofn) *****T ***** M (Ttrmnji) *****5 C *****0* (CfS) P Katang Buaan W to X I*7
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    • 747 25 ra§c u 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. ROAM mi|t M/S HANDLING SYSTEM CO SON. BHD HAI TMONC SHIPPING 177 r. n
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    • 53 25 FERI MALAYSIA SDN. BHD. RfIRC >N T S!NfP PRlllllSfD »I SlRViff ;n hiiftN'SN KlirHlN'i -CINAPSiLI Msn ftcrf pting St IF DPiyfN His»v wt hicl f S SBh' 19. Kcppd Rood #05-02/03 JH Pah Mdbig S'por* 0200 T«fc *****30 (5 Urm) Tbu K ***** SEAKO Fox. *****25 looking AgontiSMS. Ltd Tofc
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  • Page 26 Advertisements
    • 410 26 SINGAPORE SHIPPING CORPN.IPTE) LTD. TEL: 225-6868 (30 LINES) TELEX: RS ***** A/S SSCMA, RS ***** A/B SSCAD VEB DEUTFRACHTSEfcREEDEREI ROSTOCK IGHTLY FULL CONTAINER SERVICE rasi 'H' mm' m mm -mm l/.' T T "VIA COLOMBO: Aoaoting cargo tor INDIA Bombay, Cod* Madras; EAST AFRICA Oer-Es-Sotoom. Momntsa t "VIA LARNACA. Accepting
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  • Page 27 Advertisements
    • 283 27 Mil CALL US P. T 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 ;i! :n m rrn TTTTT-TT rrr 24 J7 u.v oa OTHER DESTINATIONS: AARHUS, AMSTERDAM. ANTWERP, BASLE, BREMEN. BREMERHAVEN.
      283 words
    • 393 27 L > MN CONTAINER LINE 28/6 TO: LA/LB, OAK/SF, N.YORK DAILY ACCEPTING LCL/FCL TO:Hi k'rifWkfl 1 iklJ ACCEPTING LCL/FCL TO ALL PORTS/IPI TRANSTAINERS LINE WEST AFRICA SERVICE PEN/PK SIN TO: DAKAR, CONAKRY 22/6 25|6 ABIDJAN, LOME 23/6 26/6 CONTONOU. DOUALA LIBREVILLE, PORT GENTIL P. NOIRE, LUANDA miii DOOR TO m;
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  • Page 28 Advertisements
    • 182 28 UNSWORTH INTERNATIONAL CONTAINER UNE THE NAME IN NVOCC WEEKLY SERVICE TO AND FROM LONDON (ACCEPTING CARGOES FOR ALL INLAND DESTINATIONS U.K. BOOKING AGENT FREIGHT MANAGEMENT TELEPHONE *****11 (15 LINES) CONTACT JACQUELINE LIM JULIE QUEK MARGARET GOH DOROTHY LIM i:<i aai: i M TO: EUROPE (WESTBOUND) (EAST-BOUND) BANGKOK NAVCE FAR EAST
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    • 517 28 FINE LINER SHIPPING PTK LTD Wi\ TLX. RS ***** FLINER 70 Shenton Wjy 04 02C Marina House S pore 0207 TEL *****77 (6 Lines) EUROPE SERVICE T'-TTTTTTin. 'T u iJM FAR EAST SERVICE MIDDLE EAST GULF SERVICE I *****191 wi mn mn xw AUSTRALIA SERVICE mm v«M I-mn M Fraa
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    • 598 28 ZIM FULL CONTAINER SERVICE accepting FCL/LCL urntt to USA East 4 West Coast, Carribbean.East Canada. HAITI, Port Au Spain. Barbados N. ST. LUCIA. AUSTRALIA CMTAINER SERVICE ACCEPTIM CAMO TO AOELAIDE VIA MLROURNE ARO ALSO FCL TO 6UAM ZIM EIUT CONTAINER UNE TO- J* mmmrnarn Farts. Atee LCUFCL to *A GOLD
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    • 509 28 Everett Lines 8^ I naAtna inr iJjb COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" Natafam, la and M otfcar Paruwtn parts witti tramtafnant i Kobe On CPV Throufk BHb of Ladmt to fiml daOmabon Parang* P. Ketanf Stnppora THOMASEVERETT 2** J*l HUGH EVERETT I*ll Jul MANOLOEVERETT 24/2S Jul 'EVERETT ORIENT
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  • Page 29 Advertisements
    • 237 29 Hamburg West Germany Tiger Line Common Carrier Feeder Services VESSEL VOY SINGAPORE CALCUTTA MADRAS Common Carrier Feeder Service For Nlain Line Operators Only. Agents: C.F. Sharp Company Pte. Ltd. Telephone: 220 1422 Telex: RS ***** s=£ ahrenkiel liner service CONTAINER/BREAKBULK SERVICE TO/ FROM PORT LOUIS AND DURBAN WESTBOUND ALS ENDEAVOUR
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    • 187 29 PERCH OCEAN LINES (Perfact China Ocmn Shipping Lines) CHINA SERVICES Destinations: Etd. S'PORE Etd. PKLG SHANTOU, GUANGZHOU HUANGPU, XIAMEN WFFKI Y HAIKOU, ZHANJIANG "7, !>, XINGANG, QINGDAO SAILINGS SHANGHAI OTHER PORTS SINGAPORE AGENTS. HAM) WPHW PTC LTD TIL: *****44 TLX: 22*5 WStsSS? T TEL: AGENTS: CONSOLIDATION SERVICE FROM: SINGAPORE/P.KELANG PORT
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    • 178 29 PERiINTIS line I II WEEKLY FULL CONTAINER SERVICE SINGAPORE JAKARTA General Agents Am Penntis Line Pte Ltd 19 Keppel Road Jit Poh BkJg Singapore 0206 Tel. *****33 Tlx. ***** a/t> pt asta HANLI M SHIPPING CO.. LTD, REGULAR UNER SERVICE TO BOMBAY AND PERSIAN QULF VSL NAME Hanlim Mascot Vi
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    • 610 29 /B! COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE MEDITERRANEAN A WEST AFRICA OUTBOUND TO NORTH CONTINENT Turn FELIXSTOWE I MTTEROMI 1 ARTWERf I'l'iil'll j'-: 1 rnrrTTTT^H^ 3 OUTBOUND TO MEDITERRANEAN MARSEILLES BARCELONA lALEXANORIAIBEIRUT I LATTAKIA OUTBOUNO TO W AFRICA 7Ji^? ABIDJAN TUU i. INBOUND FROM EUROPE/FOR FAR
      610 words
    • 347 29 P M LINE P Wong T»l No: ****** Nurng -TdNit 04-*t»m<tls»33 Singapore Agtnty Tal No: 02-*****44/*****70 2 P T UNITFD SHIPPING ORGANISATION LTD JAKARTA DIRECT REGULAR SERVICES TO JAKARTA t SURABAYA Accapl carpit to all othor Indontsun parts with transhipment at Jakarta or Surabaya. VSL ETA ETC LOADING FOR P.
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  • Page 30 Advertisements
    • 434 30 fk FARGO SHIPPING COMPANY (PTE) LTL REGULAR EXPRESS FULL CONTAINER AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Can«da/Europ«/M«dlt«rran«an Vsl TNT EXPRESS E. HUDIG BRUSSEL ANTWERP EB EMEU CM #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 SHAW LINE
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    • 443 30 AfnitA Ocian Lints Ltd. ACCEPTING FCL/LCL BREAKBULK TO: LAGOS/ APAPA, PORT HARCOURT, WARRI, CALABAR, SAPELLE, TEMA, CONAKRY AND OTHER WEST AFRICAN PORTS VESSEL CARRIBBEAN EXPRESS M/V EKESOS ETA SPORE 3/7 6/8 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMKOWTAJNEfI SERVICE TO TAMAITAI SAMOA VION +FORTHBANK VI9N IVY
      443 words
    • 152 30 MODERN DUTCH FLAG VESSELS IBBBS for port* and indicated tub inducement Also accaptin« canon Contact: L.N. SMPMNO PTE LTD 1 MwWnn (quart #12-\» World Trad* Centra. T«l: 273M11 Tetei RS 50R7S Fax *****81 Fast Direct Regular Services to INDONESIA PORTS PADANG/SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETD LOADING FOR NAGA JAVA 22.6.87
      152 words
    • 491 30 MOl m Mitsui OS K Lines Ltd X EXPORT TO. UK/CONTINENT (TRIO) FULL CONTAINER 3 KM VON LIVERPOOL BAY amiuu CITY Of EDINBURGH franktury express Sun PJWmi f 26 22 S0 w w a/7 I*7 MEDITERRANEAN (MED CLUB) •nan r«n U N I*l W *1 WWW W M 111 g...
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  • Page 30 Miscellaneous
    • 153 30 Regional Weather SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c cf w Wmd direction with speed m knots Wove height LEGEND: R Thunderstorm Temperature °q Shower Weather Wmd direction with speed m knots Rom v.y' Cloudy Sky Wove he, 9 ht winds ore mdtcoted by arrows which
      153 words