The Business Times, 30 June 1987

Total Pages: 32
1 32 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, JUNE 30, 1987 75 CENTS
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  • 174 1 Exchange rates THE S$ weakened against the US$ yesterday at $2.1235/45 ($2.1190/1200). The local currency also finished softer against the M$ and HK$, but closed stronger against the yen, Swiss franc, DM and US$: 146.20/30 yen, 1.8270/80 DM, S$2.1235/45 £> US$1.6010/20 M$: S$0.8419/27 OvtrNn markets HK Hang
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  • 552 1  -  Pahang Investments and some FCW directors accused By HOMER CHEN KUALA LUMPUR-BASED investment company Porms Sdn Bhd, which is offering privately to buy shares in Federal Cables, Wire Metal Manufacturing Bhd (FCW), is alleging that Pahang Investments PLC and some FCW directors have
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  • 209 1 THE ST INDEX hit a record for the sixth day running yesterday with share prices rising over a broad front, although intra-day profit-taking caused the market to close off-best. The Straits Times Industrial Index gained 4.93 points to finish at 1265.70
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  • 247 1 SOUTH KOREA'S political criaia appeared to have virtually ended following endorsement of sweeping democrstic reforms in an eight-point propoeal of the ruling Democratic Justice Party (DJP). The propoeal, which calls for direct presidential electiona, a revision of the constitution and releaae of political priaonera, waa
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  • 393 1 Reuter NORWAY said yesterday that it would maintain restraint on oil production for the rest of the year, supporting Opec moves to bolster world crude prices. Oil and Energy Ministry spokesman Egil He lie said Norway, which is not among the 13
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  • 129 1 Reuter NORTH SEA Brent crude for August delivery firmed 35 to 40 cents above lest Friday'» New York ctoee in response to Opec's weekend agreement to limit 1967 third and fourth quarter output to 16.6 million barrela per day. traders and brokers said.
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  • 509 1  -  •y RICHARD SCAN PETROCHEMICAL GIANTS at the $2 billion Singapore petrochemical complex will ba welcoming a "dwarf" into thair midst by tha and of this yaar. Tha newcomer it Ethoxylatas Manufacturing, a joint vantura rapraaanting US and Indonaaian intaraats. It hat bagun conetruction of
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  • 80 1 UPI TUB Dl Itrlm m Ulnlala r i nc DunMcoc mrnf Minivivf, U Mating Maung Kha, yaatarday bagan a six-day visit to Indonasia. Indonasian Foraign Minister Mochtsr Kuaumaatmadja aaid tha visit was oonsidarad important bacausa of Burma's contribution to Indonaaia's struggle for independence. Tha
    UPI  -  80 words
  • Page 1 Advertisements
    • 326 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM x Imam laata m <f pvgvi from auiy BUSINESS TIMES goes up by another two pages to a regular 18 pages from tomorrow, giving you still greater value for money. The weekend edition, with the colour Exocuttv* Lftotyl* section, however, remains at 16 pages,
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    • 309 1 FuN report, Pag* 17; Aatan tock», Pag* 15 Seoul butbMM iian ion OICOOMmc*, Pag* Whither the UK trade union? BRITISH PRIME MINISTER Margaret Thatcher has been credited with breaking the back of union power in Britain. How does trade union leader, Leif Mills, general secretary of the 160,000-strong Banking, Insurance
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    • 105 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM For cash in a flash, youVejust got to hand it to us. u C Our new Uniflash service is easily the quickest way to withdraw your cash from any of our 63 branches. Simply present your Unicard at the Uniflash counter and in less
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  • HOME NEWS
    • 828 2  -  SIA deputy chairman sees emergence of mega-carriers By MARTIN SOONG THE CRYSTAL BALL of Mr Lim Chin Bang reveals a 21st-century world dominated by only a handful of mega-airlines flying ultra-long-range aircraft between a few major airline traffic hubs. Yesterday, the SIA deputy chairman,
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    • 326 2 SINQAPORE INVESTORS have put in a total of about US$5O million in 40 projects in China's Fujian province since 1980. Theee projects are in electronics, hotels and tourism activities, building materials and machinery, revealed Mr Zhuang Nan-Fang, leader of a visiting five-member trade
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    • 759 2 MARXIST PLOT mastermind Tan Wah Piow is an ambitious, shrewd man who made use of people and. accordingly, his relationship with them depended on how useful they were to him. This facet of Wah Piow's character was revealed by one
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    • 39 2 IN BUSINESS TIMES' June 24 Hongkong supplement the room rates quoted for hotels, supplied by the Hong Kong Tourist Association, were out-dated. The latest rates for hotels on Hongkong Island and Kowloon appear above. Source: Association
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    • 153 3 INDONESIAN defence chief General LB Murdani will be the first recipient of Singepore's highest military honour. the Distinguished Service Order (Military). A Defence Ministry statement released yesterday said the Commander-in-Chief of the Indonesian Armed Forces will receive the award, also called the Darjah Utama Bakti Chemerlang
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    • 468 3  -  By CHARLES SAVAGE UNDERWATER Technology Corporation (UTC) (Asia), an Australian-listed company, is planning to invest up to $8 million in Singapore. The company expects to invest $5 million over a five-year period to make marine paints and spray painting equipment. UTC is also planning to establish
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    • 402 3 A FLEXIBLE wag* system would com* about faster if employers and uniona stuck to th* fundamentals from the beginning, a union leader aaid yeeterday. The moet important principle waa for wagee to fall behind productivity, aaid Mr Lim Boon Heng, an asaistant secretary-general of
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    • 285 3 IF WAGE REFORM ia to be achieved, labour laws would have to be revised, a lawyer said yesterday. The laws did not make sufficient provision for some of the major features called for in wage reform, said Mr Teddy K C Lim. He was
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    • 457 4  -  By LIM SOON NEO FEMALES are worth wooing for their tourist dollars as they are increasingly moving about in big numbers both in and out of Singapore. Female arrivals continued to grow more rapidly than male arrivals last year, says the
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    • 403 4 THE PICTURE for tourism seems to be rosier this year, with the Asean market once again growing after a few years of decline and other markets showing continued good growth. In April, the number of Asean visitors grew by 8.1 per cent to
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    • 231 4 CAFTAM —H YCOMAM has bNn appointed ganaral nnanagar of Jardlna Burvaying Sarvtcaa, tha naw SJngaporabtiad division of Jtrdint M» thaaon and Company. Captain Yaomana, 43, hat axparianca in shipping operations, marfcating, aurvaying and cargo handling in Via UK, ma Mtddta East and Aaia. Ha Joinad tha Jardina
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    • 764 4 ARRIVALS Opwl tor Local From su SU THAI Al MAS OU SA SU SA OU AY SA SA UJFT OU SA SA m THAI SV OU THAI CPA lOM SWt MAS OU MAS SA SU SA SA JAL OU UTA OU AMZ MAS SA PAL SA MAS
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  • Page 2 Advertisements
    • 201 2 The new Mazda 929 is several inches longer than the previous model. Adding miles of comfort to passengers at the back, in terms of legroom. All in all, dozens of minor and major improvements in body rigidity, suspension, roadholding and interior appointments 4 in-line cylinders, each equipped with 3 valves
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  • Page 3 Advertisements
    • 233 3 KENSINGTON PALACE HOTEL. KENSINGTON, LONDON, W8 Strategically located between Knightsbridge and Kensington High Street, directly opposite the Royal Palace, Kensington Gardens and Hyde Park. Within walking distance of Harrods, Buckingham Palace and Oxford Street FREEHOLD interest for sale with existing tenancy to Scottish Newcastle Breweries Pic, let on a Full
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    • 160 3 From bumboats to giant container vessels: we've been financing trade in Singapore for over 90 years. yb&z&f 135 SK -UW 'Si v.. > ft r n v t t cr i m Mi iU;i (4 i gr» In the past, we were established to finance import and export trade with
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  • Page 4 Advertisements
    • 220 4 100% WESTIN AT 40% OFF The Midyear Bonus at the Wfestin Stamford Wfestin 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. So
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    • 64 4 Rorrptpick-tp anddetvery24 hours a day fI 1a \I Ifl la The business person's choice, every I I 1 II I II 1 Tuesday, Thursday. Saturday and I 1 f| II a Sunday. Leaving Chongi Airport at A 1 JL 22:05 hours and arriving at Lester B. Rearson International Airport the
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  • Page 5 Advertisements
    • 550 5 In 1986, swaps emerged as one of the hottest new products developed by the investment banks. They also became the most misunderstood. There are two great myths about financial swaps. While some companies considered them too intricate and exotic for their immediate needs, others (conversely) thought swaps were far too
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  • ASIA-PACIFIC
    • 629 6 UPI BUSINESS leaders in South Korea say continued violent protests or military intervention to crush them could shake the confidence of foreign business and adversely affect the nation's bright economic future. They noted that the recent political unrest has not slowed South Korea's economic
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    • 203 6 AFP SOUTH KOREA want* wider access to the Malaysian market through tariff reductions on consumer goods to correct a burgeoning bilateral trade deficit. South Korean Trade Industry Minister Rha Woong-Bae said that while bilateral trade had soared by 170 per cent between 1960 and
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    • 312 6 Bernama ES MALAYSIA'S former Primary Industries Minister Datuk Paul Leong said yesterday that the country's priority in economic planning for the era beyond the 1990s must be sensibly realistic and relevant. Efforts should be concentrated on spurring economic growth instead
      Bernama ES  -  312 words
    • 408 6 Reuter PRIME MINISTER Bob Hawke said yesterday Australians would have a better standard of living if he was re-elected on July 11. Mr Hawke, in a television interview, held out the prospect of some tax cuts under his Labour party government but rejected as
      Reuter  -  408 words
    • 163 6 Reuter NEW ZEALAND'S opposition National Party, trailing in opinion surveys only weeks before general elections, pledged yesterday it would not clamp down on the economy if it won the poll. National, a self-proclaimed free enterprise party which imposed some of the world's tightest economic curbs when
      Reuter  -  163 words
    • 163 6 AFP BANGLADESH on Sunday announced the country's export and import policies for the next fiscal year, which envisage an 8 per cent rise in the export target in a bid to narrow the gap with the import bill. Commerce Minister Abdul Munim announced on
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  • Page 6 Advertisements
    • 657 6 Compagnie Financiers de Paribas Head Office: Banque Paribas, 5, rue d'Antin, ***** Paris, France. Singapore Branch: 16 Raffles Quay #39-01, Hong Leong Building, Singapore 0104. Tel: *****44. Exchange Rate: At 31 December, 1986: US$l FF 6.4550. Consolidated Balance Sheet (As at December 31, in millions) ASSETS Cash and due from
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  • Page 6 Miscellaneous
    • 87 6 Doonesbury A LOT OF TALK RECENTLY i ABOUT MORAL DECAY IN AMERICA... a ONE. CAN ALMJAYS EXPECT TORNPTT IN THE MORE DESPERATE REACHESOE SOCJETY, BUT WHEN EVEN I£6Ef?BE6tNTOVKXATETHEiRSOCJAL CONTRACTS, WHATAREUE VDC* K m s m m K Vi m I a Stlig it BY GARRY TRUDEAU I CAN 6fVE MY
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  • REST OF THE WORLD
    • 447 7 Reuter THE OOOS increased yesterday on a merger between Britain's Centrist Liberal Party and its electoral allies the Social Democrats which would leave maverick SOP leader David Owen in the political wilderness. The SDP-Liberal alliance's hopes of breaking the old two-party mould
      Reuter  -  447 words
    • 209 7 Reuter PRIME MINISTER Jacques Chirac of France yesterday attacked budget proposals made by the European Community's executive commission, saying they ignore efforts to cut spending, and added that divisions over the issue would be hard to resolve at this week's EC summit. The commission has
      Reuter  -  209 words
    • 99 7 Reuter FRENCH BUYING POWER should remain stable this year in spite of lower economic growth, while investment will rise sharply, says Prime Minister Jacques Chirac. "I think we will maintain our buying power I do not think it will fall," Mr Chirac said on Sunday.
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    • 348 7 Reuter GROWTH IN OFFICIAL AID to developing countriee from the induatrialiaed nations ia a lowing, aaya the Organiaation for Economic Cooperation and Development (OECO). In Ha lateat annual review of member countriea' aid poiiciee, releaaed yeaterday, the Pariabaaed economic think-tank
      Reuter  -  348 words
    • 525 7 Reuter PRESIDENT RONALD REAGAN ia willing to compromiae with Democrata in Congreaa on a plan to raiee new federal revenues next year if they back hia own plan to reform the budget proceaa, according to White House budget chief James Miller. "If the Democrats
      Reuter  -  525 words
    • 217 7 Reuter US MACHINE TOOL ordera roee 44.4 per cent in May to US$lB6.l million from a reviaed $130.3 million in April, according to the National Machine Tool Builders Association. Laat month, the aaaociation reported the April total tool ordera at $129.9 million. In
      Reuter  -  217 words
    • 508 7 Reuter OPEC'* agreement on Sunday to limit its output ceiling to 16.6 million barrels per day through to end-1987 is guaranteed to buoy spot oil prices. Analysts and Opec delegates in Vienna said yesterday that thia was within projected demand and might well booet
      Reuter  -  508 words
  • Page 7 Advertisements
    • 841 7 Electronics' Competitive Advantage Delivered to you. A technical conference organised in conjunction with Internepcon/Semiconductor International Malaysia '87, Kuala Lumpur, Putra World Trade Centre, July 23-25,1987. This technical conference has the electronics manufacturer in mind. A total of six sessions and 32 technical presentations have been structured to ensure a user-oriented
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    • 127 7 ZEISS 9 G°° coo' 0 |3S 9^ -7 111 I I Comfort. Styling. Elegance. Quality. For people who really care about their eyes there is only one choice. Carl Zeiss. Technically perfect, precisionground, Zeiss lenses made in Wast Germany, provide exceptional optical purity with minimum colour dispersion. And they weigh
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  • BANKING AND FINANCE
    • 423 8  -  By SOH TIANG KENG Financial Correspondent ALL THE Big Four in Singapore banking slipped in thair rankings in tha latest annual aurvay of the world's top 500 banks by Euromoney. the London financial magazine. The ranking, using end--1966 figures, is baaed on
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    • 240 8 SINGAPORE BANKERS are being increasingly sought by international banks for transfer overseas because of their high technical competence and compatibility with foreign communities. This was highlighted in a review of recent assignments by a leading executive search consultancy firm, Egon Zehnder International. Mr Norman Wright
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    • 327 8 Bernama PHILIPPINE BANKS wHI increase their investments in government securities rather than lend to agricultural or aquaculture projects if the latest draft of the Comprehensive Agrarian Reform Programme (CARP) is signed into law by President Aquino. Top bankers were unanimous in saying that
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    • 301 8 Fijian devalued by 17.75 pc Reuter THE FIJIAN DOLLAR has been devalued by 17.75 per cent against the US dollar to boost tourism and other export industries, says a Reserve Bank of Fiji statement. The value of the Fijian dollar was little changed since the May 14 military coup and
      Reuter  -  301 words
    • 241 8 Reuter THE WORLD BANK is prepared to play a more aggressive role in promoting Third World development and easing the debt crisis, bank president Barber Conable has said. In an intsrview with Newsweek International, Mr Conable said: "Wa must be realistic about
      Reuter  -  241 words
  • Page 8 Advertisements
    • 1501 8 UJ W MALAYAN UNITED BANK BERHAD I JMlk (Incorporated in Malaysia) A mambar of The Mm Group As At 31*1 Dwntw, 1906 CURRENT ASSETS Cadi and taanoes wtto barks and i Money at cal and short nokoe Treasury Ms CURRENT LV^UTHS Currant, tad, aarvigs and otardspoats dcudomers Oapnk and balances
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  • MONEY AND EXCHANGES
    • 598 9 BA Futures SEPTEMBER Eurodollar yesterday opened on a softer tone at 92.49 in Simex on carry-over selling interest following Chicago's losses on Friday. Market activity was steady initially but prices drifted lower as the US dollar eased off later in the day. The September contract hit the day's low
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    • 1028 9 Reuter SINGAPORE: STERLING yesterday cloeed lower while the US dollar ended mixed against other major currencies, in moderate late trading. It closed easier at US$l.6OlO/20 compared with New York's Friday cloee of 1.6105/15, but was above the day's low of 1.5965. Dealers said the dollar weakened in late
      Reuter  -  1,028 words
    • 60 9 THE OVERNIGHT rate on the Singapore interbank market rose 1/2 point to close at 1-1/2 per cent yesterday. One, two and three months were unchanged. S$ Interbank rates at 7pm yesterday: orm mo 0»«rntg» I 1/3 I 1 -monftt 4 l/t 4 2 mi* 4 1/4 4 l/t
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    • 168 9 Indteel* He average el Sie prime tudlnfl rata* «1 12 major tanks In llmspore Interbank markat n 8 I I i us$ DM SWFC Y«n 7 IS/I* ii/i* 1/4 \f% 1 13/14 11/1* ll/J 1/4 4-17/1 1 ■ft 7 3/1* 1/1* 3 13/1*— 11/1* 3 3/4-J/l 4-17/1
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    • 161 9 ASIAN dollar dapoalt rataa yastarday dosed steady at opaning levels in quiat trading, dealers said. us$ om MO 7 4 top 7 7/i 1 wrik 7 l/» 7 2 twMm 7 3/1* 7 1/1* 3 •onto 7 1/4 7 1/* «on** 7 7/1* 7 5/1* 9 MNkl
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    • 81 9 Treasury bills Poriod touo Yosfordoy's i ciosmg Day's cod* Maturity MD om MGH LOW 3 —<■ i 8Q*****F 24.09.87 2.95 215 210 2.80 6 mwiltii i 8S*****F 24.1217 2.98 218 2.95 2.90 Qovsi mmsnt nc 1 I Ported touo Maturity Coupon Yostordaj r's doting Day's cod# rato
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  • Page 9 Advertisements
    • 102 9 JtiglililglrMllill a SWOODS from: £63 per wk CAR PRNTAL Unlimited mileage inclusive VAT Over 20 year's experience Fleet size 1,000 vehicles, aM less than one-year old Best service at competitive prices Also available self-drive hotdays (car hotels) in UK. ANGLO FRENCH TRAVEL SCENIC TRAVEL #10-03 Asia Chambers, #01 -02,110 KMney
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    • 1391 9 UMBC Finance Ltd (formerly known a* United National Finance (Singapore) Ltd) DECEMBER 31,1966 (Authorised capital 10.000.000 ordinary shares o< SSI each) Note Cash on hand ond at bonks Deposits with banks and olher financial m—tuftons Bank bofances with hoidtog compony 4 Oitiei debtors, deposits and prepayments IMB provision SNti (1965
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  • FOCUS
    • 1369 10  -  Singapore has handed over the chairmanship of the Asean Standing Committee to Thailand. It will be Thailand's turn to play host to the next Asean Ministerial Meeting in 1988. The country, Economics Correspondent ZHOU MEI reports, is the region's star economic performer
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  • Page 10 Advertisements
    • 1030 10 December 31, 1986 DM in Millions December 31, 1985 DM in Millions Liabilities to banks December 31, 1986 DM in MHitons 41.586 December 31,1985 DM in Millions 49.792 Total Assets 48.602 44.982 196.820 188.664 49.356 6.661 19.860 301 196.820 12 VIUI luauu uaiiA runuuma rviuvn >VI avviww interest 48.602 44.982
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  • WORLD BACKGROUNF
    • 1056 11 AP WESTERN EUROPE'S communist parties, which enjoyed growing support in the mid-*****, today find themselves isolated at home and struggling to adapt to the technological revolution and the demands of young voters. The number of communists in France, Spain, Portugal and Greece have
      AP  -  1,056 words
    • 991 11 US fears an export colony across the border AP JAPANESE MANUFACTURERS are increasingly eyeing Mexico's northern border as a prime spot for new plants, raising concern in the US that Japan wants to use Mexico as a cheap export base to the rich American market. "The
      AP  -  991 words
  • Page 11 Advertisements
    • 333 11 Malaysian Tobacco Company Berhad PROFIT AND DIVIDEND ANNOUNCEMENT The Board of Directors announce the following unaudited results for the first half year to 31st March 1987. Turnover Company Company's Share of Associated Companies' Turnover Trading Profit Investment and Other Income Share of Profit of Associated Companies PROFIT BEFORE TAX Estimated
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    • 269 11 TAC 960 87 TI3Z TAC 901 87 Tl2B 'I >- m r; LANDED! TELEXCARD 2000 TELEXLINK 4000 TELEWRITER 841 mm■ TAC 920-87 TI3I Jin -M -w m 4? A NEW GENERATION OF TELEX COMMUNICATION SYSTEM Today, we announce the arrival of a family of powerful and affordable telex system The
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  • FEATURES
    • 509 12 THE TASK FORCE Mt up by the Small Enterprise Bureau to look into the problems of small and medium-sized enterprises (SMEs) has come up with some rather radical proposals. What it has asked for is the setting up of an independent coordinating organisation, a development
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    • 1742 12  -  Leif Mills: Majority of trade unionists are hardworking, sensible, reasonable people The face of the British trade union movement Is changing owing to several factors. Undoubtedly, one of the most influential Is British Prime Minister Margaret Thatcher. GOH YEE LING interviews Leif Mills, general
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  • Page 12 Advertisements
    • 575 12 DEN DANSKE BANK (Incorporated in Denmark) Exchtng* rmte DKX 100.00 *****7 as U 31* December, 1966. Balance Sheet at December 31, 1986 LIABILITIES Deposits: On demand or at less than 1 month's notice At 1 to less than 12 months' notice At 12 months' notice and over Bonds and instruments
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  • Page 12 Miscellaneous
    • 1130 12 TO 000 BOOK) w 6.55 PM SAC Text Sample Poges. 7.25 Opening and Programme IB iliß iliii i M 'k w e niyn4lyrWS TONOW9Q Dj trlf Decreasing Circles (lost 8.00 The Way of the Worrior Mriwa The FMpino Way. Tht programme looks Eskrima, the martial am of undoubHy Influenced by
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  • SPORTS
    • 410 13  -  By WALTON MORAIS SINGAPORE Open amateur champion M Balraj left tor Indonesia yesterday morning with the best of tonics boosted by a tournament win. The 25-year-old left to play in the Indonesian Amateur Open championship on a victorious note after winning the Sembawang Open on
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    • 237 13 Reuter AMERICAN Paul Azinger won his third PGA tournament of tha aaaaon in Cromwell, Connecticut, on Sunday by making a par-saving, eeven-foot putt on the 18th hole to secure a one-shot victory in the US$7OO,OOO Greater Hartford Open. Azinger had a one-over-par 72 in the
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    • 459 13 WIMBLEDON ir 87 Reuter UNTIL THE DAY a teenage Bjorn Borg packed his headband and racket and set off for Wimbledon, tennis was governed by a recognisable natural order. In the 30 poet-war and preBorg years between 1946 and 1975, the United States and Australia
      Reuter  -  459 words
  • Page 13 Advertisements
    • 391 13 if ?V ss !*b,V^J ARAB BANK LIMITED (Incorporated in Amman, Jordan) d\ Balance Sh€6t as of December 31, 1986 Board of Directors Abdulmaje«d AH. Shoman Chairman Khal id A.H Shoman Deputy Chairman Abdel Ham id A.M. Shoman Member/Assistant General Manager Mahmoud M. Bevdoun Farouk K. Jabre George Tannous Munib R.
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    • 104 13 1 A winner for a winner f y With over 150 wins including Wimbledon, US, French and Australian championships in her pocket, Chris Evert is still going strong. The desire to be the best is reflected in her sports wear. Only Ellesse will do for her. Ellesse (pronounced 'LS') tennis
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  • Page 13 Miscellaneous
    • 758 13 Yoi/A TAKEAWAY FROM THE ROUGH SHOULO BE VERY SLOW.— TH/S /S /MRORTAHT THE FASTER YOU GO BACK THE LESS P/STAWCE YOU VY/LL GET.. V TAKE THE CLUB BACK SLOWLY, THEM WH/F tT OOW/V, S/VAPf/HG MY WR/STS ..ivl THROUGH W&t THE BALL OH/MRACT. MW Sl2L 6S. SPANOOLF CMVc.R01t.lftC* TwS w NW
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  • INTERNATIONAL COMPANY NEWS
    • 740 14 New competition in global stock markets FT THE RECENT LAUNCH of the Salomon-Russell Global Equity Index has marked the intensification of competition in the esoteric field of worldwide indices. There are now some half a dozen indices proclaimed as measures of the global equity market,
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    • 600 14 FT TALKING ABOUT selling off Philippine government-controlled companies in a nation-wide privatisation programme has proved much easier than actually letting go of the goods. Philippine Airlines, the national carrier, the historic Manila Hotel, and, moat recently, parts of Philippine National Oil Corporation
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    • 440 14 FT PRINTEMPS. the French distribution group, plans to rsiss FFrl billion (US$l64 million) in nsw capital to finane* its purchssss of stakss in othsr companies In tha retailing sectors. Mr Jean-Jacques Delort Printemps chairman, haa won approval from shareholders for the fund-raising exercise,
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    • 137 14 Reuter AN AUDITORS' REPORT haa cleared existing Volkawagen management of Mama for a huge currency swindle, although share analysts and commentators say the car maker may need time to recover from the blow to its prestige. "Mud sticks," said Gavin Launder, an analyst with London brokers
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  • Page 14 Advertisements
    • 121 14 s®3 M m WSiere id wiae, Sine and «n(«ruun v. Grills Greens /N A choice of 18 salads, five cold cuts, soup, three roasts, eight grills 12 desserts. What more could you ask for? The entire buffet spread is yours for $25.50 per adult $15.00 per child under 12. For
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    • 119 14 Seconds are FREE and all bottle sales enjoy a 30% discount -v. lead singer, entertains with his rich, mellow songs during HAPPY HOUR from 5 pm-7 pm. 1 After Happy Hour, two of j the city's hottest bands. NEU FACES and CLASSIC, rave non stop throughout the night. And. the
      119 words
    • 42 14 ALL YOU WANT i ft $12 per person Lunch :I2 i iirJ* uil IS\mk ktti n I.IJ'JIL'J LA. 18!, Kitchener Road, Singapore 0620. Tel: *****22 m v mm- 1 *j*% -r'- > w% 2 52 m s» Mi 1130, Newton Roto, 1«: *****11.
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    • 83 14 SHOKADO HffIWSW 12 different sets of Japanese lunches priced from $10++ to $20++ per set Lunch: 12 Noon 2.30 pm Dinner: 6.30 pm -10.30 pm BfiFURAMA "IP SINGAPORE HOTEL 10 EuTong Sen Street Singapore 0105. Tel: 533 3888 novotel orchid inn y&t: 1 v A* IT Orect from the PhUppTtos.
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    • 244 14 Ride in for the American Bonanza] At the Crown Prince Hotel from 20 June 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 American High Tea daily. The
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  • ASIAN STOCKS
    • 334 15 HONGKONG: Share prices closed firmer yesterday after a day of Wide fluctuations linked to corpor fate rumours and program selling in the futures market, brokers said. The Hang Seng Index gained 13.30 points to 3,151.96 after rising more than 27 points at one point and later lagging nearly five
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    • 232 15 JUNK n AH S»nc*f» MM.... NT* 4.39 6.06 Kuocttan Dav Laa Chang Yuan 31.00 36 00 -08 -1.2 •4 00 ■3 Uan Hwa tndua 21.40 -1.2 Chang Hwa Bank... 82 50 -4 Nan Ya Plaa PacHIc Cona 40 00 36.30 -5 -1 CM* Hatn Cwwnt ClWn Haln Flour .4100
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    • 396 15 TOKYO: Share prices fell sharply yesterday on a lack of buying themes and a sharp fall in stock futures contracts traded on Osaka's stock market. The Nikkei Average fell 393.31 yen to 24,509.41 after falling to 24,411.09 in mid-afternoon. On Saturday, the average fell 147.11 to 24,902.72. The wider-based
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    • 80 15 JUNE 29 KSOS -f/. Oriental B 0 08 0 0025 Phtl Ovaraaaa ...0 1550 0.01 Aooto Mining Ptril«x B 063 004 Anglo Ph+< Ptcop B 0 1290 003 PLOT 612 50 15 Mm Con. 8 28 1 San Miguel B 220 1 Baguto Oo4d 0019 0 002 Saafront 0
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    • 464 15 SYDNEY: The share market closed higher on steady demand for gold And mining stocks following a rise in international gold prices. Gold prices rose sharply after Opec agreed on production quotas to maintain its US$lB a barrel price, fuelling demand for resource stocks, which spilled over into the industrial
      464 words
    • 114 15 JUME H WON fKanawon Ind ***** 300 +1310 *860 Kia Motor ***** 1000 ***** Koton Ind 3(400 1600 Oaawoo Corp ***** 800 660 270 600 640 100 660 Koraa Long Tarm Lucky Ltd 2360 1800 60 100 OaMMn SmwMm 3*70 ***** ***** 2300 OrianM Brawary ***** ....***** 260 -100
      114 words
    • 163 15 Reuter BANGKOK: The Securities Exchange of Thailand Index edged down 0.01 to 297.82 on a turnover of 4.56 million shares worth 462.04 million baht. Reuter JUNE n Ao Kham Thai Ayudhya liweetmem Bangkok Agro-tnd Bangkok Bank Bank 01 Ayydhya Charoong Thai Wtr< A OaMt BANT 17» 1 324 166
      Reuter  -  163 words
    • 60 15 Reuter THE NEW ZEALAND Commerce Commission has called for further submissions on a planned merger of NZ Forest Products Ltd and Australia's Amcor Ltd. Commerce Commission chairman John Coilinge said a draft report by the commiaaion concluded the merged company would strengthen its dominance in
      Reuter  -  60 words
    • 546 15 Reuter PROSPECTS for Tokyo stocks srs mixed this week with investors trying to figure out the future of the yen/dollar exchange rate and digest the implications of Opec's latest accord on crude output and pricing, brokers said. They said the market should extend
      Reuter  -  546 words
    • 124 15 UPI TOSHIBA CORP, facing US sanctions following illegal sales of sensitive technology and equipment to the Soviet Union by one of its subsidiaries, has launched an investigation and taken measures to prevent a recurrence of the "unfortunate incident". It has set up a
      UPI  -  124 words
    • 144 15 Reuter TRADING in the shares of the Evergo group of companies was suspended on the Hongkong exchange at the opening yesterdey because the group is holding talks which may have a material impact on their prices. The group comprises Evergo Industrial Enterprise Ltd. Chinese Estates Ltd
      Reuter  -  144 words
    • 119 15 Reuter AUSTRALIA'S largest company, the Broken Hill Pty Co Ltd (BHP), is optimistic about its current year following a sharp drop in 1967 earnings, managing director Brian Loton has said. The group's net earnings dropped to A 5820.27 million in its 1967 year ended May 31
      Reuter  -  119 words
  • Page 15 Advertisements
    • 562 15 )r.S> slsm Beef tenderloin, tenderly priced at only $19.50 For the month of June, it s succulent Prime U.S. tenderloin of beef, grilled to perfection Served with baked Idaho potatoes or buttered rice and a fresh green salad Enjoy a relaxing dinner and a superb tenderloin for only $19.50. Our
      562 words
    • 158 15 Peking Sichuan ftmatmurant tftfmntn HOKKIENPORRIDGE klgW' DINNER/SUPPER Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 oQ++ Dinner/Supper Time; 7pm f-V L-, y~r- 4?S N f C-v v* s Y J 1 iwAr" T Select from our special lunch menus available when you
      158 words

  • COMMODITIES
    • 262 16 Reuter Crude palm oil fuluraa yesterday closed slightly easier in moderate trading. Market turnover eased to 177 lots from 181 lots last Friday. July fell Ms 3 to $769 per tonne while August dropped $5 to $766 per tonne. September shed $5 to $765 per tonne while October
      Reuter  -  262 words
    • 335 16 Reuter SMGAPORE THE MARKET yesterday closed higher with July One RSS buyers quoted at 214.50 centa/kilo, up two centa from laat Friday's close, dealers said. The morning aeasion gained 1.50 cents on speculative buying and trade covering interest, they said. Prices rose further in thin afternoon trading on continued
      Reuter  -  335 words
    • 289 16 RAS prices In 8 CMMg, FOB In b«M m NOON qose Ivyors Sollors Ruyors f-M woooTi bit 1 tSS Prompt 215.00 216.00N 217.00 218 OON tat 1 RSS My 87 212.50 213.50 214.50 215 JO bo 1 RSS Aug 211.00 212.00 212-50 213 JO hi 2 RSS
      289 words
    • 217 16 Chinese Produce Exchange Softer*' noon doting prioot on Juno 29 (SS/100 kg) Coconut oil M FOt 92.00 OW arum FOt 102.00 Now drum FOt 106.00 Copra Mixed (loose) 54 Pepper FOt NW 1157-50 Sarawak wN»e FOB foq MIW 1142.50 Sarawak block FOt NLW 930.00 Sarawak Asta biock FOt
      217 words
    • 82 16 ic*nt«/k0, 1 -K m pollen) JUIY 87 AUGUST 87 (currant month) (forword month) RAS NOON NOON 8vy«n Sihn injf8f| Mm SSJt 30 183-50 ItS JON 182.50 184 JON SSI 90 182.50 183 50N 181.50 182J0N HI: 8uy#rs 3,11,11 SMI cv 262.00 264.00N 263.00 265.00N SMI I 261.50
      82 words
    • 75 16 MOST markets reacted positively to Opec's agreement to maintain its third quarter production ceiling of 16.6 million barrels/day until the end of the year. Crude (FOB origin) USt/barra4 Oanga Pljfcll (Aug) 7.35 0.30 Wa* Taaai WTI lAog) 20.33 0.65 Products (FOB S'pore) USS/borral 1 Chonga Karaaana 21.00
      75 words
    • 119 16 Reuter THE TM PRICE on ttw Kuala Lumpur Tin Markat ysstorday aaaad four ctrm >v wii is9i rnamy s doaa to t0f1t.46 par Mii mny (|Ufti vr«<vvr>g, tributod to a Mghar dtoposal of 88 tonnos oflanij bv ■tiiara at U^ Iry a IN V^a oponing laval of Buying
      Reuter  -  119 words
    • 284 16 HONGKONG: QOLD yesterday closed lower in featureless trading as investment interests were dampened by the steady US currency. But a late round of overseas short-covering pushed the metal above the day's low. Bullion settled at U*****.90/446.40 an ounce against an initial 445.80/446.30 and Saturday's 446.50/447.25 close. On the
      284 words
  • Page 16 Advertisements
    • 696 16 BANCO DO BRASIL S.A. CONDENSED BALANCE SHEET AS OF 31.12.86 ASSETS 31.1246 (Cis 1) CURRENT AND LONG-TERM ASSETS 950,048,761,400 Cash Credit Operations Due from Banks and BranchesSundry Receivables Securities PERMANENT ASSETS Investments Fixed Deferred Charges TOTAL 96,109,376,938 421,229,029,107 30,177,895,255 376,402,434,009 26,130,026,091 28,407,656,020 14,155,081,369 14,177,026,429 165,548,222 978^46,417,420 LIABILITIES CURRENT AND LONG-TERM
      696 words
    • 633 16 BERLINER HANDELS- UND FRANKFURTER BANK Head Offk* 6000 Frankfurt 1, Bockenheimer landstrosse K) Telex: *****6 Telephone: 069/718-0 Ilwfpora ■ranch 50 Raffles Place #21-01, SheW Tower, Singapore 0104. Telephone: 225 2500 Telex: RS ***** BHF SI Fax: 225 2037 CONSOLIDATED STATEMENT OF INCOME Year ondod 31 December 1986 Inttfiit ond rtlottd
      633 words

  • SHARE INFORMATION
    • 4327 17 SHARE PRICES rose across a broad front in fairly active trading yesterday, taking the ST Index to its sixth straight all-time high in a row. The Straits Times Industrial Index gained 4.93 points to finish at 1265 70. while the Business Times
      4,327 words
    • 269 17 SINGAPORE a Rises IndlcM Aina 26 Ana 29 UM M ant aMoi n» 358 60 8T ConipBtfci 1129.93 1133.12 M Giou 334 30 8TO8/OS 173 297 Mpw Par 510 22 IT CADI -5557 -5525 u o 575 20 BT 10-doy Mi 1 -5662 -5633 tadicofw 565 20
      269 words
    • 4542 17 810 and offer prices officially listed and business in and reported to tha Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unlees otherwise specified. All Time Settlement Contracts are quoted after the word •SETT"
      4,542 words
  • Page 17 Advertisements

  • COMAPNY NEWS
    • 382 18 MBT THE LISTING of Genting International (a member of the Genting group) on the Hongkong stock exchange has been postponed. According to Mr Lim Kok Thay, joint managing director of Genting Bhd, Genting International is still awaiting confirmation from the Australian government on
      MBT  -  382 words
    • 233 18 Bernama ES PROPERTY GROUP Metroplex Bhd plans to diversify into other areas. Speaking after its annual general meeting in Kuala Lumpur yesterday, msnsging director Chan Talk Huat said Metroplex has s few plans in the pipeline which will be announced soon. Mr Chan
      Bernama ES  -  233 words
    • 107 18 Reuter MANSION HOUSE Securities Ltd is to issue 31.5 million new shares of 20 HK cants to ths public at HKSI.I6 each, together with free warrants on a one-tor-two basis. The warrants could be exercieed at HK$l.lB between Sep 1, 1067, and Dec 31. 1002. The
      Reuter  -  107 words
    • 110 18 HONGKONG All Industrials Hongkong Indox Mondoy 2046 44 Friday 2036-89 Wmk ago 2023 91 Hang Song Indox Monday 3151.96 Friday 3136J0 W«tfc 090 3131.19 Monday 2999.2 Friday 2566.7 WMk ago 2596.6 NEW YOtK Dow Jonos Friday *****6 Thunday 246IJ06 WMk ago *****5 TOKYO Mttili A 1 wuiii Avtroyt
      110 words
    • 248 18 Manog*n' prices MAKA-tumipwtra for Jww 30 Fir* I fMira 4.W IM Singapore Unit Tro* Tt» Co—w I M in* Saoond fpatra rwd r purrs Fourth I'pytfO 41* 4J3 4J4 04 4 78 if T)m Sii'«|i Fund S'pora frag tod S'pora Sac hind 0* 047 0*1 104 Oil 0J7
      248 words
  • Page 18 Advertisements
    • 1554 18 ZV 5,-*W« :.',f;M #> v sg AM A A/Mil; v .*-*w***+.A (Incorporated in the SHARE CAPITAL Authorised: Shares of $1 each Issued and fully paid: Shares of $1 each RESERVES Statutory General reserve (Accumulated loss)/ Unappropriated profit Total share capital and reserves OTHER LIABILITIES Fixed deposits and savings accounts due
      1,554 words
    • 304 18 NOTICES rTrrxTrni r,V m Iw&H.I m ACT, CAP. 80 MANCO HOLDINGS PRIVATE LIMITED (MEMBER'S VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice Is hereby riven pursuant to Section 300(1) of the Companies Act, Cap. SO that a Final General Meeting of the members of the abovenamed Company will be held at
      304 words
    • 182 18 IN THE MATTER OF THE COMPANIES ACT. CAP. SO ANO IN THE MATTER OF FAR EAST KETCHUM (S) ADVERTISING PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 306 of the Companies Act, Op- SO. that the Final Meetingof tha abovenamed company will be held at 100
      182 words

  • Page 19 Advertisements
    • 1531 19 ASIA COMMERCIAL BANK LTD (Incorporated in the Republic of Singapore) AND ITS SUBSIDIARY COMPANIES BALANCE SHEETS AS AT 31 ST DECEMBER, 1986 The Group The Bank SHARE CAPITAL Authorised: 100,000,000 shares of Ssl each 1986 1965 1986 1965 Sl'ooo SS'OOO SS'OOO SS'OOO 100,000 100,000 100,000 100,000 The Group The Bank
      1,531 words


  • COMPANY NEWS
    • 646 21 FT THE COVER of this year's annual report for Malaysia Mining Corporation, one of the world's biggest tin mining companies, shows three tin ingots sparkling like diamonds. That, according to its directors, reflects literally the reversal of the company's image. "For us, tin is
      FT  -  646 words
    • 474 21  -  By ELAINE KOH LIM SENG HUAT (S) Pte Ltd. an associate company of Emporium Holdings, has petitioned to be put under judicial management, making it the first company to apply for it since the Companies (Amendment) Act became effective in mid-May. The radical
      474 words
    • 166 21 METAL CONTAINERS Ltd has sold off a member company, K B Kian Soon Tin Factory Sdn Bhd (Kian Soon), for M 550.000. Kian Soon is a wholly-owned subsidiary of Ace Plastics Technology Pte Ltd (formerly Kian Hin Containers Pte Ltd), which in turn, is a
      166 words
    • 350 21  -  By NAJEEB JARHOM CURRENT favourite Malaysian Tobacco Co Bhd, whose share price has risen 17 per cent since last week, yesterday announced a 9.5 per cent rise in group pretax profits to M 540.16 million in the first half to March 1987. Improved
      350 words
    • LATEST RESULTS
    • 399 21 MAGNUM COUP Bhd announced that three of its directors retired on June 17. They are Tan Sri Dato Seri Chong Kok Lim, Datuk Loh Hoot Yeang and Mr Chan Seong Yoon. NORTH BORNEO Timbers Bhd notified the KLSE that it found 12 share certificates to be forged. A
      399 words
  • Page 21 Advertisements
    • 150 21 All these securities having been sold, this announcement appears as a matter of record only. NEW ISSUE 13th May, 1987 <$> Marubeni Corporation U.S. $300,000,000 2 per cent. Guaranteed Notes due 1992 with Warrants to subscribe for shares of common stock of Marubeni Corporation unconditionally and irrevocably guaranteed by The
      150 words
    • 162 21 This announcement appears as a matter of record only. NEW ISSUE 13th May, 1987 <$> Marubeni Corporation UJ&$300,000,000 2 per cent. Guaranteed Notes due 1992 with Warrants to subscribe for shares of common stock of Marubeni Corporation unconditionally and irrevocably guaranteed by The Fuji Bank, Limited Issue Price 100 per
      162 words

  • 399 22 AP STRENGTHENING "democracy'' and perfecting China's legal system will be the main focus of political reforms on the agenda for a major party congress this fall, top Chinese leader Deng Xiaoping told former US president Jimmy Carter yesterday. "As to democracy,
    AP  -  399 words
  • 80 22 THE PORT of Singapore Authority (PSA) has agreed to give priority berthing at its container terminal to the Evergreen Line, a major Taiwanese shipping line. An agreement was concluded in Taiwan during the PSA's first overseas promotion mission led by executive director Wong Hung Khim. The
    80 words
  • 366 22  -  By LEONG WEN WAH BARELY a month after losing the tussle to buy over Bank of America's Visa card centre here, DBS Bank may have decided to re-en-ter the fray. DBS Bank was recently admitted as a member of Visa International, a move which
    366 words
  • 473 22 Reuter PRIME MINISTER Nikolai Ryzhkov yesterday described the Soviet Union's economic management system as obsolete and called on the Supreme Soviet to adopt a draft law on major economic reform. In a two-hour speech to the 1,500-member body, Mr Ryzhkov said excessive central control
    Reuter  -  473 words
  • 132 22 Bernama MALAYSIAN PRIME MINISTER Datuk Seri Dr Mahathir Mohamad returned to Kuala Lumpur yesterday after attending the 10day International Conference on Drug Abuse and Illicit Trafficking in Vienna, Austria. He was greeted at the Subang International Airport by a crowd of about 20,000, comprising mostly Umno
    Bernama  -  132 words
  • 303 22 Reuter GREECE and the United States were locked in a row yesterday over American charges that Athens had contacts with terrorists, threatening the renewal of a US agreement on its bases in Greece. "This could be the most difficult dispute to
    Reuter  -  303 words
  • 143 22 UPI THE PHILIPPINE Armed Forces Chief said yesterday that authorities needed a "legal weapon" which would enable them to detain suspected subversives longer and impose tougher penalties on crimes against the state. Speaking at the swearing in of a new Deputy Armed Forces Chief. Gen-
    UPI  -  143 words
  • 76 22 Reuter CHINA and Australia's Victoria state signed a joint venture contract for a US$29O million aluminium processing plant in China that will export to South Korea. China has no official direct trade or government ties with Seoul. China International Trust and Investment Corporation will have
    Reuter  -  76 words
  • 387 22 AFP THE US and Japan should work together to repair serious losses to the Western military alliance caused by illegal exports of machine tools by Japan s Toshiba Machine Co to the Soviet Union, US Defence Secretary Caspar Weinberger said in Tokyo yesterday.
    AFP  -  387 words
  • 152 22 AP VIETNAM appears headed for another year of serious food shortages as authorities report huge rice losses due to prolonged drought and insect plagues. Radio Hanoi said on June 20 that the winterspring crop, the last of which is now being harvested. is
    AP  -  152 words
  • 246 22 COMMODITIES KINGPIN Stanley Kroll makes his debut in Singapore Business, in the July issue. After 13 years as a commodity broker, Mr Kroll started trading on his own account and for a small group of quasi-partners in 1972. In three years, he turned their combined
    246 words
  • 101 22 Reuter COM EX GOLD futures hovered yesterday around the last closing in an early reaction to weekend news that Opec had agreed to limit petroleum oil production. In a quiet market, gold for delivery in August was unchanged at U*****.10 an ounce. The market appeared to have already
    Reuter  -  101 words
  • 77 22 AP WALL STREET headed slightly higher yesterday morning, bouncing back from last Friday's moderate loss. The Dow Jones average of 30 industrials rose 3.67 to 2,440.53 in the first hour of trading. Gainers outnumbered losers by more than 5 to 4 in the overall tally of New
    AP  -  77 words
  • LATE FILE
    • 34 22 Reuter OPEN DISCORD over ways of reforming the European Community'» (EC) creaking finances faced leaders of the bloc's 12 member states aa they assembled yesterday for a two-day summit. Reuter
      Reuter  -  34 words
    • 30 22 Reuter THE HEAD of Britain's diplo--matic mission in Iran returned home yesterday leaving, behind one caretaker diplomat to watch over British interests there. Reuter
      Reuter  -  30 words
    • 32 22 Reuter A SPLIT in the Thai government's main coalition party may prompt Prime Minister Prem Tinsulanonda to diesolve Parliament aoon. Interior Minister Prachuab Suntharangun said yeeterday. Reuter
      Reuter  -  32 words
    • 53 22 Reuter VIETNAM'S Foreign Trad* Bank has opened tha first foreign currency accounts tor Vietnamese who receive money from abroad. Hanoi Radio said yesterday that the recently implemented reform allowed Vietnamese to exchange foreign currencies at a profit, use them in business transactions with one another or
      Reuter  -  53 words
    • 28 22 Bernama SABAH's trade and investment mission to China is expected to leave in October, Chief Minister Datuk Joseph Pairin Kitingan said yeeterday. Bernama
      Bernama  -  28 words
    • 32 22 AP PHILIPPINE Preaident Corazon Aquino will sign an order this week setting local elections for Nov 9, the Secretary of Local Governments told reporters yesterday. AP
      AP  -  32 words
    • 45 22 AP THE NUMBER of people being held without trial under Malaysia's Internal Security Act is now 27, down from 600 to 700 seven years ago when Prime Minister Mahathir Mohamad took office, Malaysian Bar Council Chairman Param Cumaraswsmy said yesterday. AP
      AP  -  45 words
  • Page 22 Advertisements
    • 185 22 LOTUS TRAVEL Backed by 30 years of experience WHOLESALER AIR tickets for major airlines to Europe, U.S.A., Japan, Australia and other S.E. Asia countries. HOTEL accommodations world-wide. TOUR programs to China, Europe... For rtractn* rate* profeMion service*. pMM caN *****77 16-Asfflw Qusy 81-36/37 Hong L#ong Bldg. TAO62 ©*****77 m GNTA
      185 words
    • 6 22 Banks abroad —k Singaporean talent, Pag*
      6 words
    • 6 22 Penel to Investigate Mies, Page 15
      6 words
    • 99 22 To excel you need the right environment I I I -f* Joint Leasing Agent: OUB CENTRE LIMITED U Knight FVank lEggST* aeorgHodcO^iB.illia, Tele*: RS ***** MANOTEL. Singapore I 01 Ceo1 re l4_0l To Bui,dm Telephone: 532 2S77 Singapore0106 Telex: VALUER RS *4722 Fax: *****43 telephone: 222 1333 A| (BZaajaCBI Gomnmfni
      99 words
  • Page 22 Miscellaneous

  • SHIPPING TIMES
    • 100 23 UNITED STATES interests have capitalised on rock-bottom charter rates to start a new shipping service in the al-ready-crowded North Atlantic trade. The company, Container Express Lines, has been formed by a group of US corporations with two 450-500 TEU ships to ply fortnightly between the
      100 words
    • 387 23  -  By G DURAIRAJ THE FAR EASTERN Freight Conference will place an additional 7.5 per cent on concessionary rates for Far East shipments to Europe on Jan 1, 1988. The rate restoration exercise comes shortly after the 30-member grouping in
      387 words
    • 300 23 THERE HAS BEEN significant slowdown in the number of vessels transferring to the Isle of Man but latest estimates still indicate a fleet of 4 million tons by the end of 1987. Last year, register officials said they would be looking
      300 words
    • 127 23 Bernama KONNAS JET Cargo Systems Sdn Bhd, a subsidiary of Kontena Nasional Sdn Bhd, retrenched 54 employees which took effect yesterday as a result of the economic slowdown. Kontena Nasional said in a statement the workers, including seven executives. 31 clerical staff and 16 general workers,
      Bernama  -  127 words
    • PORT SIDES
      • 118 23 ACOMARIT UK Ltd has acquired Lyle Shipping Management from the receiver of its ultimate parent company, Lyle Shipping. A company statement said Acomarit will take over the existing Lyle management commitments and will seek to expand its existing Glasgow-based business. Acomarit UK started operations in 1980
        118 words
      • 96 23 Reuter THE RIVER RHINE reopened to shipping at Karlsruhe after the collision of two boats which sank and blocked the main channel three weeks ago. West Germany police said. A police spokesman said a channel had reopened and could be used by upriver and downriver traffic alternately.
        Reuter  -  96 words
    • 409 24 AFP UPI IRANIAN President Ali Khamenei has warned that Iran would attack any ship in the Gulf, no matter what flag they were flying, if Iraq engaged in "adventuresome acts relying on US frigates," Iran's official new agency Irna reported in a
      AFP; UPI  -  409 words
    • 378 24 Reuter NORWEGIAN shipowners, who operate one of the world's largest tanker fleets, may have to consider halting their traffic in the war-torn Gulf after an Iranian attack on a Norwegian supertanker injured three crew. Shipping sources in Oslo said both shipowners and seamen's unions, increasingly
      Reuter  -  378 words
    • 155 24 THE LLOYD'S Maritime Information Services, an arm of the Lloyd's of London insurance market, has kept detailed records on shipping casualtiee in the Iranian-Iraqi war since it started in 1960. In a report commissioned by the Associated Prees, Lloyd's said that as of Friday, June 26,
      155 words
    • 489 24 UPI LADEN WITH EXOTIC treasures from the Far East, the sunken Spanish galleon San Agustine has been a lady-in-waiting for nearly four centuries. The 24-metre square-rigged San Agustine was sailing Spain's China route in 1595 with 117 tonnes of rich
      UPI  -  489 words
    • 706 24 AB Shpg V 5 KS Lino IV 2 ABC Container vw 1 Kie Gwan VI 4 Accord Shpg vi 3 Kyowa Una IV 1 Africa Oceon X 2 leyte No* VH 1/2 Alltroni V* 3 Lion Huat IV 2 American Tpf X 2/3 lin Un Shpg IV
      706 words
    • 222 24 AFP THE ASIAN Development Bank (ADB) has approved a technical assistance grant for a study aimed at improving two key ports in Bangladesh. The study, to be financed by the United Nations Development Programme and administered by the Manila-based ADB,
      AFP  -  222 words
    • 1148 24 ACTIVE chartering to cover grain cargoes from the US Gulf to Egypt featured the freight market on Friday, shipbrokers said. At leest four vessels are reported to have been arranged for this business with rate* declining to between US$l6 and $17.15 compared with previous fixing at $17.65. Elsewhere,
      1,148 words
    • 175 25 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
      175 words
    • 486 25 AFP A VISITING Chinese mission to Indonesia has urged Indonesia to redress an imbalance in direct trade links between the two countries by taking a more flexible approach in its Customs verification procedures. Jia Shia, leading a delegation from the China
      AFP  -  486 words
    • 239 25  -  f Kingsley Wood NEW SOUTH WALES wheat farmer* have supported moves by the Grain Handling Authority to ship up to 200,000 tonnes of wheat through Brisbane because of continuing industrial unrest at the Newcastle loading terminal. The farmers are also considering civil legal action against
      239 words
    • 104 25 THE INTERNATIONAL Maritime Satellite Organisation has appointed Daniel Levesque as head of its new-ly-formed Cospas-Sarsat secretariat Mr Levesque, who is French, was formerty manager of system development with the French space agency. Centre National d'Etudes Spatiales (ONES). He is expected to take up the
      104 words
    • 297 25 Page in AFP RATES IN THE Gulf States and North Ses loading zones benefitted from better demand this week, but elsewhere volume remained thin. Nevertheless, London shipbrokers E A Gibson expect that "trading will improve and generate more demand" after new output ceilings have been decided at the
      AFP  -  297 words
    • 106 25 A NEW OIL cargo monitoring and analysis service based on tanker movements from all major producing countries haa been made available by Lloyd's Maritime Information Services. This is called the Assessment of Petroleum Exports (Apex) servica on IBM compatible floppy disks. Apex offers a
      106 words
    • 9383 30 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.
      9,383 words
    • 561 31 AT CONVENTIONAL WHARVES VnmI B«rt1 li Arrival Oapartura KEPPEL WHARVES Equotor V K22 olongvda X0607® Frotovngopora KI6 oio«gi«»a X06 0500 Juapo Koto Angkoto «3 olongvda X06/I8X 127 olongvda *****600 KowO Moru K20 olongtida 01 07/2300 Nad Boltiiaore KI8 olongvda XQ6/H00 S'oli Sydnat KX olongtida X *****0 Strain
      561 words
    • 863 31 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO a* m Gdna FCL m Ship Arrival LCL movamant S Voy data/tlma Operator cargo schedule 1 *9 jacatk lonko Siri 76W 30 06.87 1600 MAPI F7 0700-0800 H4 CI A2 TW Bridge 37E 3006.87 1600 Kawosoki F5A 0700-0800 Anson *****N
      863 words
  • Page 23 Advertisements
    • 848 23 How S.E. Asia upset the logical West HILARIOUS. TRAGIC. DANGEROUS. Available at all Good Bookshops STP Distributors Jwong Road Mir// Orient Oveiqeas CtUaitm Line jfScHNE SHIPPING AGENCIES (Km. NO. M 2864/ 00K) 200 CtftlffMfTf #12-05 South porrt ShMpw OCT TM 271 nil TELEX NO RS ***** TERMINAL/CfS Tol *****11 220
      848 words
    • 71 23 mm IRANIAN President All Khamenei has warned that Iran would attack any ships in the Gulf. Page II A VISITING Chinese mission to Indonesia has urged Indonesia to redress an imbalance in direct trade links between the two countries by taking a more flexible approach in its Customs verification procedures.
      71 words
    • 1012 23 iTJTW I OCEAN LINE BLACK SEA SHIPPINC COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****33 MAERSK LINE MEDITERRANEAN SERVICE INAUGURAL SAILING "LUNA MAERSK*' VOY 8710 etd Singapore 16.7.87 This week A»e< U Cosing Time CV 1/7 2300 MRS CFS
      1,012 words

  • Page 24 Advertisements
    • 406 24 4P& rebxifiMmvL EUROPE/FAR EAST CONVENTIONAL SERVICE TEL: 03-*****50 Malaysia son. •ho. TLX: ***** MTM Frt Booking contact Miss Gan Further load/ discharging porta en route subject to sufficient inducement. Singapore Office: MTM S pore. Tel: *****00 Tlx: RS ***** MTMSEA. Fax: *****45. YAMASHITA-SHINNIHON LINE TRANS-PACIFIC SERVICES STRAITS FEEDER Pacific South
      406 words
    • 20 24 Lines and services represented by Members of the Registry of Accredited [stfS»Yl Shipping Agents. Singapore National VvftSip// Shipping Association. xsvf^
      20 words
    • 197 24 BBS Barber Blue Sea SuperCamers for roll-on/roll off and container flexibility I. TO: PANAMA US WC/EC/GULF E. CANADA CARIBBEAN C. AMERICA itrr —in KARA V»P tom an MIKI HECTOR 1M *-12/7 I ISP a-a/7 In/7 *-12* 1M CL 1 «■< »m<* L- A*rfta OmtMm «to Sarfi CARIBBEAN Anita, Cun« »n<p>»ii.
      197 words

  • Page 25 Advertisements
    • 829 25 The Straits Steamship Group Mansfield Container Shipping Re Ltd norvpr P&O nXUVAi Containers Limited COWTMCRSHP SERVICE TO UK/CONIWENT:) HP V VP ap M an 11* i* on W M an nn I*l isfl Also Accepting Cargo For: ONTAINERSH* SERVICE FROM UK/CONTMENT: 'T. fII.VMI H'berf ChMn ream It Hi STm PKlanf
      829 words
    • 564 25 CHARGEURS REUNIS f"• V Optorg Shipping Pte. Ltd I E L MA tmn Htilwn DM T I 11"« Sata VvMn Aim -a a s u/i iyi 17/1 AUSTRALIA G EARBULK LTD SPORE PORTLAND 2S- 1/7 11/7 2V7 1* 73/1 12/9 breakbulk shipments. Vessel also callin MELBOURNE np 22/ I Port
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  • Page 26 Advertisements
    • 361 26 CONTAINERSHIP SERVICE TO UK CONTINENT S'por* PK S'ton H burj B'havcn A «r»rp Ldtevrt Rhino thru 4/7 iP »,7 »7 30/7 2/| 3/1 City of Edinburgh 7/7 »/7 »7 »7 1/1 3/1 4/1 Kovloon Bay 10/7 Frankfurt Eipriu 13/7 15/7 Kitano Maru urp Bay Tokyo Bay Kurwu Maru 10/7 3/1
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    • 776 26 CHINA CONTAINER 40N 1/7 M' NEPTUNE CRYSTAL 4BW IP VP VERRA2ANO BRIDGE 17* lip 3/8 TRANSWORLD BRIDGE 3BW 22/7 10It SEVEN SEAS BRIDGE UW \W 17/t •PKILANC CT*S VIA FEEDER VESSEL S port LeMivre R'dam Fitowa H'burg B'hanon Antwerp 1/7 20/7 21/7 22/7 25/7 26/7 21/7 1/7 27/7 21/7 29/7
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    • 494 26 K&S LINE JAPAN/HONG KONG/STHAITS SfcHVlUt SANKYO LINE (S) PTE. LTD. 143 Cecrf Street #10-04 G8 BwMmf S po>f 0106 Te4 2?I9?SS Port Krljnt Tip Pmj Slapptrj S<tn Bhd Tel 03 *****:4 Penant Mjljjsij Tudf K I rafn po,| ltd Tel 04 617*93 Pjs» Gnd)n( Mjljyuin Sf*pp»i{ *|ffKies Sdn EU>d Tel
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    • 1105 26 EVERGREEN Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) w 7 u* an m nit 21* "WWW 1* m a* m* m im 13* IM 22/1 Tilt Hit tfi vt Sit ifi w 21(1 2n tm is/» UD up 1W H* 4* *9 M 12,"I 2OT 1M IM W W M HI M BJ
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  • Page 27 Advertisements
    • 611 27 PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 ANNOUNCEMENT EFFECTIVE JULY, WE HAVE 3 REGULAR SAIUN6S A WEEK TO JAKARTA. VESSELS E.T.D. RATANA RHUM EVERY TUESDAY SEA HAWK EVERY THURSDAY SEA DRAGON EVERY SATURDAY ANY ENQUIRIES/BOOKING. PLS CONTACT P.I.L TEL: *****33. 1. MR. MICHAEL
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    • 567 27 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT STON HAM B"HAVEN KOMI HAVRE an an an an an on an 1* 1* m an nn Tin 2* W M 11* 11* LM U* ID D|l W M W on an an an an nn an an an an a* in vi
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    • 486 27 r DJASAGETRI A Joint Esuropo Sarvto* Of: r.T. UMMTA IIOYO P.T. BONN LLOYO P.T. SMNKU MKM r.T. TMCOM LLOTB onus SIM CBNTAIRERSNIP SERVICES ■il.'KU'l.iamil.li] s PANJAJOG/IBWB GANOA BMAKTI/IJWB L J. BONTANG/12WB SRIWIJAYA/71WB Byb|«ct Id lH«iic»m ANTWERP BILBAO BREMEN A DAM/RDAM HBURG 2W 2*l $5 W MM m 110 I*9 22/9
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    • 398 27 BOUSTEAD SHIPPING AGENCIES m PAGAN VIISW -AVA VK PA-AN VII3W BURMA FIVE STAR (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok W RfUMy 15/17 Mi BANK LINE EXPRESS SEMI-CONTAINER S NORTHBOUND TO UKC TAMAITAI SAMOA V.ION FORTHBANK VI9N IVYBANK VMM MEADOWBANK VIIN SPORE RDAM HULL HMBG «/7
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  • Page 28 Advertisements
    • 1370 28 LiriE SHIPPinG-DflTfl fITLfInTIC COAST (Round-The-World Service) •PK/PNG STORE LB CHLS NFK NYC HFX 0. FAITH V 3 Ski 3 Jul 2S Jul 4 Aug Aug I Aug 12 Aug 0. FRIENDSHIP V 3 11 Jul 14 Jul 4 Auf 13 Aug 15 Aug 17 Aug 21 Aug BOOKLYN BRIDGE V
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    • 717 28 '/Ie AUSTRALIA EXPRESS CONTAINER SERVICE Accepbng FCL7FCL Contalrwn Faadar PKakflf km VatM Sport 11Mb frm Sr* Aho Aaapb "CHANOIDAS" *i» IM, II My 77 My AM Bra ESTECUPPER VIS 10 M "KABIDOAS *J5 20 M» 3 Au| 12 Au| 10 Aug Add/Bra CALABAR ¥JS KM, RAMDAS" »J0 10 A* 2S
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    • 638 28 GOLDEN LINE ||Q4> GUM) GUAN SHPHNG (PTE) LTD V 21. M *rr Stmt »>—-» i sauro* iim m vmjwi <» not f*i $ta GULF S£PV! r E S'oori PKoionfPm GOLDEN WON OCR Cotombo/K*aehi/Dutoe. 14/15 Ju»r QOLDEN BEAR WZi July CHINA SERVICE A VESSEL HMIM|/SbM#ai Jur CHINA OCEAN SHIPPING CO., PEKING
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    • 480 28 ■ataHMai PHIL IJ RON SHIPPING AGFNCIFS PJf I IP PHI 11 OR If NJ 11 NFS PJF W HMD I'M' t *3 POBIN' 'N POAt; t;e l il H'Jl!Ofl' IN *POPI 3| f k Tli r. u►< M* Tf il it ?f; run Hi f MIDDLE EAST/FAR EAST FCL LCL
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  • Page 29 Advertisements
    • 769 29 NEPTUNE AGENCIES PTE. LTD. EU/AUST TP^SU Ttrmipjl C« BOOKINGS OTB mas 222U53 ggg 2 2 NEPLINE SON BHD. 30M7 NEPLINE SON. BHD. *****33 NEPLINE SON. BHD. MCBa/«271»627»U/*****2 NEPLINE SON. BHD. 23MV2XM1 at Mm ACE Consortium INWARD/OUTWARD ENQUIRIES: *****44 \\NEPTUNE ORIENT LINES LTD a gjSSiS FMEMT/EUMPf HHIY Wl—B SERVICE ot A*
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    • 444 29 HEUNG-A SHIPPING Korean Flag Vessels *1 OONAM SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON S PORE AG£NTS NEPTUNE AGfNCIES PTE LTD Tel 27»U2,:7»5*34 222/510,*****7? (Opentiont) Z2224t7720W14 (Term.nil) *****50 *****04 (CFS) MALAYSIA AGENTS TUNAS SETIA SDN BHD *1 Tel 2N05% ??«05S; P* Tei JMO4.X. PEN Tel *73/S *7475 *7275
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    • 709 29 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 PENANG M/S HANDLING SYSTEM CO SON. MM). MESSRS MAI TMONG SNIPPING 127 Hmm Strwt. Ponor*
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    • 55 29 FERI MALAYSIA SDN. BHD. RORO OWAINtR PAllfllSfD WHKI* SfRVICF 10 KUANJAN HUCHING K KINARAIO RISO ACCEPTING Sftf DRIVEN HfAVY WHICIFS "SBr VOYAGE VOM KUANTAM KUCHMQ HOT A I m Itl I*« 7 11 AW 1W 14#i7 17/07 IM7 IHI ft 197 M 7 mm 7 mm tim tin ims ovm
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  • Page 30 Advertisements
    • 411 30 SINGAPORE SHIPPING CORPN.CPTE] LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAO aiMl 11 IV. IV .1 -Jk pM CJ •VIA COLOMBO: Accepting cargo for INDIA Bombay, Cochin Madras, EAST AFRICA Dar Es Salaam, Mooioasa Mogadishu "VIA LARNACA Accepting cargo tof Piraeus, Thessaloniki. Izmir,
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  • Page 30 Miscellaneous
    • 181 30 VA 'A Regional Weather C V 7 r i A nyj s? ss m K ra **£%> SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstorm Temperature c X\ w Show Weather Wind direction with speed in knots Ram Cloudy*, W0».h.,,h. Surface wind J ore indicated by
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  • Page 31 Advertisements
    • 192 31 i WW.'. 1 CALL US AT? P. KELANG PENANG 1 J BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8, *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE OTHER DESTINATIONS: AARHUS, AMSTERDAM, ANTWERP. BASLE. IRENEN. BREMERHAVEN, COPENHAGEN. HELSINKI. MALMO, OSLO. STOCKHOLM. UK. LOADING FROM;
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    • 170 31 I TO EUROPE (UK-NORTH CONTINENT-SCANDINAVIA) WEEKLY N. Dtiimi zll mm TO RED SEA-MEDITERRANEAN EVERY 10 DAYS J.'J.t'J u 20« 23« W SO Hitpania/741 2/7 4/7 SO H«tv«tka/7SI TO RED SEA-MEDITERRANEAN (CONT'D) FROM EUROPE FROM RED SEA-MEDITERRANEAN VESSEL Sd E4O/717 Sd Mntilu/777 Sd Luwn/717 Sd Mon«liu/797 Sd Hi»pania/SO7 Sd IMwtiaßl7 FEEDER
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  • Page 32 Advertisements
    • 407 32 SHIPPING COMPANY!PTE)LTD' REGULAR EXPRFSS FULL CONT A NFR AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europa/Maditarranaan Vsl E. HUDIG BRUSSEL ANTWERPEN C. VEROLME IEMFTMEMBM I WJiM VJM EM 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CPS (Export) EAL Tel:
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    • 479 32 Mrk a Ooan Lift€s Lid. ACCEPTING FCL/LCL A BREAKBULK TO: LAGOS/ APAPA, PORT HARCOURT, WARRI, CALABAR, SAPELLE, TENIA. CONAKRY AND OTHER WEST AFRICAN PORTS VESSEL CARRIBBEAN EXPRESS M/V EKESOS ETA SPORE 15/7 6/8 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEM-CONTAJNEF S€RV)CE TO General Agents Singapore SEALION
      479 words
    • 61 32 EM' ACCCmNO CARGO (LCL FCL) FOR: DAKAR, FREETOWN, MONROVIA, ABIDJAN, TEMA, LOME, LAOOt DOUALA Sinp.tpor® BAKKt IMI DARK* >HIPPIN(, I'll ill) M SiS 108'" Si I (,'h U mrnrwrmTwrmir (S) PTE LTD TEL: 223-3KS/3453/3575 TLX: RS <1364 FAX: 224-0421 WEEKLY LCL i FCL SERVICES TO: Europe UK/N. Coot/Scandinavian ports F.
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    • 367 32 a rt O* v r inn MitsciOSK Lines Ltd CONVENTIONAL/SEMI-CONTAINER PRIMERA PEAK SWA 31A OCEAN ELITE VOY EAA34A SUBJECT INDUCEMENT 26 Jul Port Louis. Reunion 14 Jul Mombasa. Daressalam. Tanga Betra. Tamatave AFRICA'S v NO^ ALTAI MARU VWAB 27A RIVER GURARA V.WAA 30A Rmks: Subject Inducement. OSAKA MARU VOY 2933F
      367 words