The Business Times, 19 August 1987

Total Pages: 30
1 30 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 WEDNESDAY, AUGUST 19, 1987 75 CENTS
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  • 180 1 Exchange rales THE S$ rose against the US$ to close at S$2.1040/50 (S$2.1050/60) in dull trading yesterday. It also strengthened against the HK$ but fell against the M$, yen, DM, Swiss franc and the US*: 148.05/15 yen, 1.8580/90 DM, S$2.1040/50 £< US$1.5985/95 M$. S$0.8293/83 Owmm markets Tuesday
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  • 765 1  -  Cycle and Yeo Hiap Seng back down By NAJEEB JARHOM WATTIE INDUSTRIES of New Zealand and Fraser Neave have got Cold Storage Holdings safely in their shopping bag, but at a higher price than originally planned. The NZ food group raised its
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  • 386 1 THE SEARCH is on for the businessman and enterprise which have made a significant contribution to raising the standard of corporate management in Singapore. The search for the 1967 BT/OHL Businessman of the Year and Enterprise swards wss launched yesterday. Advertisements will be
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  • 454 1 Agencies A SRI LANKAN junior minister died snd six senior ministers were among about 15 people wounded in a grenade attack on Parliament in Colombo yesterday. government officials and doctors said. Four ministers were seriously hurt by two explosions, including National
    Agencies  -  454 words
  • 197 1 Reuter INDONESIA'S economy survived last year's crash in oil pricee better than expected, growing by 3.2 per cent, according to a government report. The Indonesian report presented a rosier picture of the economy than was anticipated, showing that despite a
    Reuter  -  197 words
  • 204 1 IN RECENT MONTHS average daily circulation of Business Times has been rising steadily and is now comfortably above 17,000 copies. With 18 pages daily of crisp coverage of business and financial news and comment, more people are finding Business Times an invaluable tool. We are happy
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  • 248 1 SHARE prices rebounded on the Singapore stock exchange after four days of correction but volume was still low. Dealers said most institutional investors were adopting a wait-and-see attitude. The Straits Times Industrial Index rose 11.71 points to 1,460.99 and the
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  • Page 1 Advertisements
    • 173 1 :{./&?_}<|^<-:}+'>.,_^{!)+,[\<] A HELPING HAND FOR HOME BUYERS «Once you've found your dream home, the next thing you have to look for is a good housing loan. Look to International Bank of Singapore. At IBS, our housing loan scheme is designed to make it easier to own a home. For first
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    • 390 1 Hock Lock Slow: Cold Storago Is hot stuff, Pago 15 Hess, world's loneliest prisoner RUDOLF HESS, Adolf Hitter's former deputy who died on Monday at the age of 93, was perhaps the loneliest prisoner in the world. He was the only inmate in the 147-cell Spandau War Crimes Prison in
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    • 111 1 BACK PAGE: V Chlam pulls out from Inquiry Into Toh affair Standard Chartered Picture Perfect Portable Projectors Sony Video Projectw Styerior Bwohtlon. Easy Operation s VPH-1020QM m-nsnmnm 50% Improved Brightness Resolution Compatible with all VCR's and most PC's Multi-system versatility Desk top, ceiling or floor mount; on OHP Screen, white
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    • 41 1 The 3rd Asian International Forestry. Woodworking Furniture Supplies Show Conference 30 September -3 October 1987 World Trade Centre Singapore Organaadby Singapore Exhibition Services Pte Ltd Tel: *****47 %[${->><].,$,*^{-&{?|<@[;~,?+]/ Shipping Timet comes as a separate section today. Make sure you get your copy.
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  • HOME NEWS
    • 370 2  -  Air-conditioner maker setting up in China, Indonesia By LEONG WEN WAH IT'S A COOL BUSINESS. But it's getting hotter for one Singapore company which recently formed a joint venture in China. The company is McAir Industries Pte Ltd, a manufacturer of air-conditioning and refrigeration equipment.
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    • 168 2 INTEREST RATES on house mortgage loans exceeding 10 years taken out with DBS Bank, DBS Finance and Great Pacific Finance have been reduced from today. The rates on mortgage loans of up to 10 years remain unchanged. Along with the reduction in rates, the group has
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    • 159 2 THE COST of living, as measured by the Consumer Price Index, went up marginally last month because of dearer food, higher university tuition fees and cinema admission tickets. Figures released by the Department of Statistics yesterday show that the CPI went up by 0.4
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    • 82 2 A TALK on "Practical Aspects of Property Tax in Singapore" will be held by the Merlton Chapter of the Singapore Jaycees tomorrow at the Hotel New Otani. The talk will be given by Mr Soh Kok Foo, a valuer from SKF Valuers. Mr Soh will
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    • 513 2  -  ■y ANNA TEO MINISTRIES and statutory boards are to set aside at least 10 working days each year or about 5 per cent for staff training, in an effort to give training its necessary place in the public sector. This
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    • 433 2 THE SINGAPORE Informatics '87 exhibition to shaping up as ons of the biggest information technology shows of its kind outside the US. "If the quality of products to the criterion, then the event would rank among the beet anywhere," the preeident of
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    • 372 2 AN APPEAL by senior lawyer H E Cashin was rejected by the High Court yesterday. Instead, he was ticked off for breaching the rules regarding money depoeited in clients' accounts. The three-judge court's censure to similar to a reprimand but to more serious becauee it to
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    • 208 2 TO SPEEO UP checking time at the airport airline and travel agents aa well as hotels are being encouraged to sell "airport tax" coupons. From Sep 1, they will be paid a commission for selling them. Currently, the Passenger Service Charge (PSC), or "airport tax" as
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  • Page 2 Advertisements
    • 328 2 r /v- -> &U6* L 1 v r 7iny.\Mft/\ :<4 ffaswlfliw mM*>e)o The airconditioner that cools this area and later this area jllfe.'l A-:T*'V m vA H i o, I#-- r U r I Wis?A IJ •<& HIM > r fr/s/SS.W&foy\ *if V-JI r iu&J f/8' p-f >r»j t» I
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  • ASIA-PACIFIC
    • 319 3 FT CHINA has suspended indefinitely plans to broaden price reforms following a sharp increase in inflation that has prompted government fears of protests against the country's ambitious reform programme. The government removed subsidies and allowed the market to set prices for numerous items,
      FT  -  319 words
    • 107 3 Reuter CHINA said yesterday the results of a nationwide public opinion poll showed massive support for its reform policies but dissatisfaction with official corruption, deteriorating social ethics and poor housing. Seventy-five per cent of the Chinese polled are happy with their freedom of speech, but
      Reuter  -  107 words
    • 226 3 Reuter CHINESE border patrols have intercepted more than 5,000 Vietnamese refugees heading for Hongkong and talks began yesterday on measures to halt the flow, a newspaper in the British colony said. The pro-Beijing Wen Wei Po quoted a senior public security official in China
      Reuter  -  226 words
    • 243 3 Reuter JAPAN'S trade surplus appeared to have hit a ceiling in the October to December quarter last year and will continue to drop, though the decline will be gradual, the Economic Planning Agency said in an annual report The economic White Paper, approved
      Reuter  -  243 words
    • 206 3 AFP MORE THAN 100 Indian MPs, including former defence minister Vishwanath Pratap Singh, on Monday cabled Sweden's chief public prosecutor urging him to investigate the Bofors arms deal, news agencies said. The MPs sent a telegram to Chief Public Prosecutor Lars Ringberg
      AFP  -  206 words
    • 307 3 UPI AN IRANIAN victory in the Gulf war could result in the division of Iraq into ministates, have adverse effects on Saudi Arabia and threaten Egyptian security in the Red Sea and the Suez Canal, the Egyptian Defence Minister said on
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    • 490 3 AP A MASSIVE protest march by workers began in the major industrial centre of Ulsan yesterday, while in Seoul, President Chun Doo-Hwan called for dialogue and legal procedures to resolve the labour strife that has swept the country. President Chun, meeting
      AP  -  490 words
    • 76 3 AP CHINA'S National Tourist Administration has said that personnel in the nation's tourist industry will be fined or punished for accepting tips or sales commissions. The CNTA, in a report carried by the official Xinhua News Agency on Monday, said offenders will face fines
      AP  -  76 words
  • Page 3 Advertisements
    • 83 3 Good morning America. Only United has same day arrivals anywhere in the USA. We are America's Friendly Skies. Our daily morning departures via Tokyo or Hong Kong wing you across the Pacific in time to enjoy the rest of the day in the States. Lunch on the West Coast, dinner
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  • Page 3 Miscellaneous

  • REST OF THE WORLD
    • 426 4 Manufacturers produce at fastest pace in 18 months AP AMERICA'S factories, mines and utilities operated at 80.5 per cent of capacity in July the fastest pace in 18 months as US manufacturers continued to reap the benefits of higher export sales. The Federal Reserve said the
      AP  -  426 words
    • 399 4 AP THE WHITE HOUSE estimated on Monday that the federal budget deficit, helped by a one-time-on-ly tax windfall, will ease to U*****.4 billion this year, down sharply from last year's record $220.7 billion. But the White House Office of Management and Budget said
      AP  -  399 words
    • 312 4 NYT SENIOR United States envoys to the five Central American nations were told on Monday they should convey Washington's "deep concern" about a regional peace plan adopted this month, administration officials said. The principal concern centres on American
      NYT  -  312 words
    • 167 4 Reuter ZAMBIA intends to rein in its soaring inflation, boost and diversify its exports and restructure its imports under a new economic recovery plan that foresees a 2.2 per cent growth of the economy between now and the end of next year. Publication of the 70page
      Reuter  -  167 words
    • 839 4 ARRIVALS Operator Sorvlco number Local tinw From GU SU UA GU GU SU SU MAS KAL MAS MAS SU CPA MA GU SU SAS m SU SU SU THAI MAS GU SU SU SU CAL GU SU SU su su THAI GU CPA KIM GU MAS SU
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  • Page 4 Advertisements
    • 198 4 7 < "s r 'i i II 0 7! ■/> r > fT- 4"*"?'*- > \f y Wfe'll push our\tJvos to the limit ■> 4 -7 /V II I z A 7, •7/ V > bi*-* to show you V" i* t z: x> ■"HK t < i A <4Z~
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    • 34 4 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
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  • MONEY AND EXCHANGES
    • 196 5 DECEMBER Eurodollar futures opened lower in Singapore yesterday as the dollar weakened overnight on bearish sentiment from last Friday's US trade deficit data. The December contract opened 6 ticks lower at 92.52 and moved down to 92.49 under selling pressure. However, as the dollar
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    • 83 5 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OFFER KNGH LOW 3 n»onlh» BQ871MZ 12.11.87 3.23 3.13 3.21 3.10 6 momh» RS*****Z 21.01.88 3.28 3.18 3.20 3.20 1 y*or BY*****S 30.06.88 3.43 3.33 3.25 3.39 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing
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    • 124 5 Notii Volume ond open infifist orv foe prvvlou doy trodlnQ. Source: Singapore International Monetary Exchange IMM Tradtag on AngM 1 17 1M7 nsiirci Op«n Mgh Mf low Sen Vol Op/W DtUTW Sap 87 OK 97 5337 5375 KK 5351 53M 5334 5375 5349 5366 ***** ***** Sap «7 Oac
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    • 237 5 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels in quiet afternoon trading yesterday. One month cloeed at 613/16 6-11/16 per cent, three months at 7 6-7/6, six months at 7-1/4 7-1/6 and one year at 7-5/6 7-1/2. Aaian dollar CO rates ended steady at the morning's levels
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    • 136 5 QoM futures on Aug 1t 100 My auncw, USt pv My om a OpLOT MM. **•7 Um Om 45X30 457 JO m oo 45*40 ***** 4im 4*170 404JQ 454.90 ***** ■f 2J0 1.90 1.90 Dac 4*U0 4*4.10 4*1 JO 4*3.10 1.90 MM *69.50 4*9JO 4*7 JO 4*070
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    • 645 5 CURRENCY FUTURES OPTIONS IMM Monday, Ai xgutf 17, 1987 BRITISH POUMO C2S.M0; emk ■MM Crti IIBI i par C M •Mi 1 MM tap c 1550 4.15 Oet-c 1 X7S Ho* I 475 Nff 0.15 0*# 0.95 NH 240 1575 110 2.25 3.30 045 14S 195 1600 075 1.15
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    • 804 5 SINGAPORE: The US dollar closed lower against most major currencies yesterday mainly on selling by Asian and European operators, after moderate trading. Dealers said that sentiment for the dollar had turned bearish after last Friday's wider-than-expected US$l5.7 billion US trade deficit for the month of June. The market
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    • 173 5 ■m print t»ndtog*r2w «I It —jor banks In S>ore Interbank market r i s I 00 us$ DM SWFC Yon 7 day* 3/4 S/0 V4 i/a is/i* u/i* ir/i-it/i 3 7/1* S/1* 1 «•> 3/4 3/t 19/14 11/1* 4 3 7/» ll/J-J/l 3 11/1* »/1* 1 7
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    • 56 5 THE OVERNIGHT rat* on the Singapore interbank market roee 1% points to close at 2 per cent yesterday. The term rates were unchanged across the board. -N S$ Interbank rates at 7pm yesterday: arm to Oow2 11/3 1-M* 4 1/3 4 3/1 3 ■■*>! 4 1/3 4 J/1
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  • Page 5 Advertisements
    • 86 5 SHANGRI-LA INTERNATIONAL SHANGRI-LA EXECUTIVE ACCOMMODATION PLAN BANGKOK BEIJING. KUALA LUMPUR Single or twin accommodation at the same special rate Daily breakfast Late check-out 4pm No pre-payment required Optional limousine transfer available Shangri-La Hotel, Bangkok Shangri-La Hotel, Beijing Shangri-La Hotel, Kuala Lumpur Sslsl Ss2so Ssl2s Rates in Singapore dollars are approximate
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    • 317 5 Banque Indosuez investments. Then: on paper. Now. via high-tech communications FFFFFFF UU UU TTTTTT UU UU RWfIPP EEEEEEE SSSSSS FF uu uu TT uu uu WW EE 55 *****8 ***** NN NN DDDDDD SSSSSS ff F Si <uu n Si wST EE 55 BB BB 00 00 NNN NN DD
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  • BANKING AND FINANCE
    • 320 6 Japanese discuss assistance UPI REPRESENTATIVES of nine leading Japanese commercial banks met yesterday to discuss BankAmerica Corps latest proposal to enlist their support in recovering from heavy losses, banking officials said yesterday. The officials said the Japanese banks had already agreed in principle to support the
      UPI  -  320 words
    • 104 6 AP CANADA's six domestic banks would at least double the US$2.9 billion in reserves they had set aside against their loans to Third World countries, a government official said on Monday. Michael MacKenzie, federal superintendent of financial institutions, said banks would set aside provisions of
      AP  -  104 words
    • 335 6 Bernama ES MALAYSIA'S granting of direct stockbroking licences to the country's three biggest banks has been described as a right move for solving various problems facing the local securities industry. The importance of direct bankers' participation to boost the industry was, in fact, felt necessary
      Bernama ES  -  335 words
    • 205 6 AP THE VICE-GOVERNOR of Yugoslavia's national bank blamed an inadequate interest rate policy for the country's inability to service its US$l9 billion foreign debt, a weekly magazine reported on Monday. Boris Konte told Ekonomska Politika that Yugoslavia's decision to base its interest rates
      AP  -  205 words
    • 195 6 Reuter THE VOLUME of interest rate swap rose sharply to a record U5557.4 billion in the first quarter of 1967, up from $49.5 billion in the fourth quarter of 1906, according to a survey by the International Swap Dealers' Association. Interest rate swaps are
      Reuter  -  195 words
    • 264 6 Reuter PRESIDENT Alan Garcia's plan to nationalise private banks has strained his carefully built relations with private businessmen and may deepen many of the problems it was proposed to solve, financial and political analysts said. Mr Garcia's plan has been endorsed by organised labour and
      Reuter  -  264 words
    • 156 6 Reuter THE DECLINE in the assets of Bahrain's offshore hanking units (OBUs) slowed substantially last year, reflecting a rapid adjustment to the fall in world oil prices, the Bahrain Monetary Agency (BMA) said. Combined assets fell 2.0 per cent during 1966
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    • 478 6 FT COMMONWEALTH finance ministers at their meeting later this month are to study a Caribbean proposal for easing the problems of small, heavily indebted middle income developing countries through increased borrowing to service outstanding commitments and to guarantee economic growth, The proposal, made
      FT  -  478 words
  • Page 6 Advertisements
    • 244 6 Growing confidence in bonk, Pago 17 m LAN VIN PARIS v Men'ssl6924 M/ 01 Ladies'sl6924 UOl $535.00 < vv »■> i r> > A H** ->r* f V i I n :■> i. SOLE AGENT Ml PWWE UMTEO (A MEMBER Of FJ BENJAMIN A SONS BROUP Of COMPANIES) AFTER SALES
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    • 247 6 r,. u t Mt iff Lie -Wr:—BJk I übertufi (Shrill -£p* S 5 m ii lk Lk P ILIP £?'**> ■n Dine in Belgium. At the Hubertus Grill. By special arrangement, the Hubertus Grill is proud to present the culinary wizardry of one of Brussels' most well-known chefs. Chef Pierrot
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  • Page 7 Advertisements
    • 107 7 How to evaluate an architect Incorporates your needs and aspirations into an effective plan I Anticipates your future requirements to minimize costly alterations and additions Has maintained long-term relationships with clients Applies innovative ideas and technology to solving problems Specifies quality materials and scrupulously supervises execution Concerned with initial capital
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  • COMMODITIES
    • 216 8 SINGAPORE The market closed lower yesterday with Sep 1 RSS buyers quoted at 213.75 cents/kilo, down 1.75 cents from Monday. The morning session eased 0.50 cent after weaker Japanese advices and lack of trading interest. Trading in the afternoon was quiet but prices were lower on some long liquidation.
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    • 459 8 Crude palm oil futures closed easier yesterday in moderately active trading on the Kuala Lumpur Commodity Exchange in line with profit-taking activities. The market opened higher after steadier advices from the Chicago Board of Trade and the Rotterdam produce market. But sentiments turned easier towards the afternoon when
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    • 119 8 Reuter TIN PRICES on the Kuala Lumpur Tin Market rose eight cents from Monday's close to M 516.60 per kg on continued short-covering. An overnight firmer European spot tin market sparked off bidding interest of 120 tonnes at the start of the market
      Reuter  -  119 words
    • 289 8 RAS prices In 8 cmMq, FOB in bat* NOON CLOSE Buyers S*1i*rs Buyers Seller? Irrt 1 RSS Prompt 216.50 217J0N 215.00 216.00N Int 1 RSS Sep 87 215.25 215.75 213.75 214.25 Int 1 RSS Oct 215.50 216.00 214.25 214.75 Int 2 RSS OP 213.50 215 JON 212.00
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    • 79 8 (caim/kg, 1-ton poAats) SEPTEMBER 87 OCTOBER 87 (current month) (forward month) RAS NOON NOON Ivyw* S»H>f» Ivy*" ScMan SS* 30 192.00 194.00N 192.00 194.00N SSR 50 190 JO 191.50N 190.50 191 JON MRELB tvyan S*lt*n tvy*r* S*H«n SMI cv 264.00 266.00N 265.00 267.00N SMt I 264.00 266.00N
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    • 286 8 Chinese Produce Exchenge SoM*rs' noon dosing prtcos on August 18 (SS/100 kg) Coconut oil M FOB 95.00 Otd drum FOB 105.00 Now drum FOB 109.00 Copra Mlxod Doom) 56 Pepper Muntok gifjti FOB NLW 1185.00 Sarawak wtilto FOB foq NLW 1170.00 Sarawak ip#ckil block FOB NtW 932.50 Sarawak
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    • 74 8 EXCEPT for naphtha which was actively traded down significantly, all other products remained generally quiet on trade but prices talked progressively down throughout the day. USS/borrat Otang* DUxx (Oct) I7M -0.22 Wm T«i« WT1 lOerl If .73 -0-52 Products (FOB S'pore) USS/barrai OMHQ* tmtottrm 22.90 -0.30 Goto*
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    • 199 8 HONGKONG: Gold closed steady yesterday at U*****.20/60 an ounce against New York's U*****.75AJ*****.25 close and the USS4SS.OQ/50 finish here on Monday. On the local market it closed HK$B easier at HK54,238 a tael. TOKYO: Yen-denominated gold futures cloeed unchanged to 22 yen per gram lower. International bullion dropped
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    • 327 8 London Commodity Exchange Bvyef/SeHef doting I prteM an Aug 17 (C/twuw l J AM Ifi, M iptOTltC 1. Prwvioui dodng prl Ico* In porondtod*. (Frtdoy'i prteM «m w 0VOHOD*#; M lotk In iton Lond< OF London HV toMon option s*p 1273/1275 (1262/1264) Hgh/low 1279/1261 Nov 1295/1296 (1285/1286) High/Low
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  • Page 8 Advertisements
    • 249 8 100% WESTIN AT 40% OFF ssssgg ||ss|| 255*25 55J;55 PSE®#* 55*555 2255*2 !2m m \rm 2 3 5E Z «r i »2555«* 2255»* 5*»225 :«r Z Zkl i ss**23S I Z. V If 5. «■»«*> *****§ .f f i»? #r is;;* > '•..•■N a/ i H i*K *3M M ==2
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    • 64 8 Your Partner in Human Resources f NGINf f RING 5* 4 MAINTENANCt 2. "AS CONSTRUCTION V./ '4. -a 4 MiWttok l OPERATIONS Ik a vw 2* INSPECTION '£V /jS 'M VW ar 3 4! V U v/: fs. w. r, l [ill H i 1 545 Orchard Road #15-02/04 Far
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  • ADVERTISING & MARKETING
    • 502 9  -  By TONG SUIT CHEE THE NCR CORPORATION is out to build a stronger image for itself in "lesser known areas" through a more co-ordinated worldwide communications programme. Mrs Lola Signom, NCR's director of communications and advertising services, Pacific group, was in Singapore recently to
      502 words
    • 749 9  -  By SAID ABDULLAH ALL PRODUCTS, from peanuts to computers, need the promotional push and good back-up from suppliers. That belief sums up the sales strategy of Dr Samson Sun, one of Hongkong's leading marketing men. Dr Sun places great emphasis on a close relationship between the
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    • 129 9 THREE SALES and marketing seminars will be conducted by the Singapore Institute of Management from Sep 14 to 18 at the SIM conference room, Thong Teck Building. The seminars New Insights into Effective and Efficient Marketing and Selling of Services', 'How to be a Better
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    • 647 9  -  By MONICA GWEE CARE TO watch TV at home with a live-in sociologist of sorts? How soon the device known as the Telecontrol System and its sophisticated wires will be plugged into Singapore households for research purposes remains to be seen. The uses of
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  • Page 9 Advertisements
    • 67 9 OLYMPICS COMFORT Zy C M K A WISE CHOICE The fastest from Singapore to Athens, Olympic offers you extra-spacious 42-inch seats plus all the trimmings and privileges of first class travel on its Olympian Class. All for just the price of a full economy ticket. For enquiries and reservations, please
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    • 236 9 Hong Kong Stocks. Now you can invest in shares on the Hong Kong Stock Exchange quickly and easily from Singapore Because, with the opening of DBS Securities Hong Kong, we have our own traders on the exchange floor of one of the most active stock markets in Asia. With an
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  • PERSPECTIVE
    • 627 10 THAT SO MANY more Singaporeans are reaching out for religion these days is no surprise. The rapid economic progress and social shifts of the last two decades have left us with a need for some constancy in our lives, for some meaning and a sense of
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    • 808 10 UPI RUDOLF HESS had been perhaps the loneliest and most expensive prisoner in the world, but also probably the most pampered. Hess, Adolf Hitler s former deputy who died on Monday at the age of 93, was the only inmate in the 147-cell Spandau War
      UPI  -  808 words
    • 580 10 Reuter A SHANGHAI JOKE goes that two sftnple peasants on a' trip to the sophisticated city wars debating the merits of its foul-tasting, polluted tap water. "There must be a special ingredient that makes the city people so clever," says one. "Let's drink as
      Reuter  -  580 words
    • 795 11  -  After three years in the making, Hanoi is finally putting the finishing touches to a new law to encourage foreign ventures to operate in Vietnam. It is a bold bid by the impoverished communist state for western capital and modern technology. But with the
      Reuter  -  795 words
  • Page 10 Advertisements
    • 100 10 Daily to Bangkok. (At a comfortable departure of 10 am). Our non-stop flights to Bangkok now depart daily. And the leisurely departure time of 10am means you"ll not only avoid the early morning rush, but by arriving at 11.15 am, you'll also be in good time for a relaxing lunch.
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  • Page 10 Miscellaneous
    • 40 10 P>ND MOW Rk£ YOU th& sous S*RR£G^W>.^R. JONJCS > i Mp\veN'TTßiep »Tver..ooT p Goes... J r U3HFNT DO You) ON JON£S —SplT ■®r THINK? If OOT. Evening Standard Co. Ltd.. 1952-19(7 /uaJL jj_- HOu)CPkN I PuT IT uroj Vo? 7 rvj
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    • 631 10 CRYPTIC PUZZLE ACROSS 1 A flat brsw it deadtyl (5) 6 Mabel may be peachy! (5) 9 Drop the name of a scapegoat (4, 3) 10 Dad's pertypiece. possibly Cornish (5) 11 Do they look like check- (5) 12 He's erotic and immortal (5) 13 DM it race to number
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  • Page 11 Advertisements
    • 203 11 AN EXCELLENT OPPORTUNITY TO REACH THE BEAUTIFUL WOMEN OF SOUTHEAST ASIA UNFOLDS SOON., h i n >*Aj k'Ai V H A A < f 4 A f v. m y T From 2 to 8 November 1987, the first international fashion beauty and fitness show will be held at the
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  • Page 11 Miscellaneous
    • 1462 11 w (Mb mm KM* 1 WRITER'S CORNER lihrv Stephen Spender X** 1 8pm Channel 12 Jf\|j Now in his 70's, the eminent 'j| English poet and critic talks II about his life and the moral S and political dilemmas which <9 have influenced him as a M writer. He looks
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  • SPORTS & LEISURE
    • 424 12  -  By WALTON MORAIS THE LEADER of the international physical fitness movement, Or Kenneth Cooper, will be visiting Singapore next July as part of a planned four-day fitness festival. Or Cooper, given the title of The Greatest by The Times of London in 1982 for contributions
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    • 131 12 Reuter ALL-ROUNDER lan Botham has pulled out of the MCC team to play against the Rest of the World in the bicentenary cricket match starting at Lord's tomorrow and has been replaced by Nottinghamshire captain Clive Rice. Botham strained his groin in the current county
      Reuter  -  131 words
    • 264 12 Reuter ITALY'S Paolo Rosola rode solo for the final 40 kilometres to claim the fight-marred 13th stage of the Coors Classic cycling race on Monday. Rosola, 30, who also won the San Francisco Criterium a week ago, won the 172-km Aspen-to-Copper mountain road
      Reuter  -  264 words
    • 298 13 Reuter WORLD RECORD-HOLDERS Michael Gross and Kristin Otto quickened the pulse of the European Swimming Championships in Strasbourg yesterday as the highlight battles of the pool began. Five swimming titles are at stake, with world champion Otto favourite to begin another East German
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    • 263 13 Reuter DAPHNE JONGEJANS scooped the first gold medal of the European Swimming Championships for the Netherlands when she won the women's springboard diving final on Monday. But her celebration was tinged by disappointment when the wrong music was played instead of the Dutch national
      Reuter  -  263 words
    • 384 13 UPI THE INTERNATIONAL Tournament is different, and apparently here to stay. The US$l million event in Colorado with the unique format turned the corner this year as far as the PGA is concerned. John Cook's victory on Sunday, combined with some first-class
      UPI  -  384 words
    • 352 13 UPI MATS WILANDER, the defending champion and top seed, excelled in tie-breakers on Monday to defeat qualifier Leonardo Lavalle, 7-6 (7-1), 7-6 (7-3) in the opening round of the U*****,000 Association of Tennis Professionals Championships in Ohio. Three other seeds advanced and two were
      UPI  -  352 words
    • 561 13 Reuter BRITAIN'S White Horse syndicate was the first to put an America s Cup challenge before the defending San Diego Yacht Club, and not New Zealand's Michael Fay. San Diego's commodore Dr Frederick Frye confirmed on Monday that British yachtsman Graham Walker had handed
      Reuter  -  561 words
    • 245 13 AUSTRALIAN CHRIS DITTMAR, the former world number two who had to endure the pre-quali-fying ordeal at last year's Cathay Pacific Dunlop Hongkong Squash Open before reaching the semifinal, has confirmed he will take part again this year. Following his recent success in the Victorian Open
      245 words
    • 435 13 Reuter AS BRITAIN'S Nigel Manselt celebrated a notable triumph in his 100 th Formula One race on Monday, the organisers of the Austrian Grand Prix reflected on a weekend of almost constant calamity and near disaster. Mansell, who led his Williams team-mate and
      Reuter  -  435 words
    • 125 13 AP ENGLISH SOCCER authorities, acting within 48 hours of a major outbreak of fan violence on the opening day of the new league season, on Monday imposed tough restrictions on supporters of the Wolverhampton Wanderers Club. Last Saturday, travelling Wolverhampton supporters caused
      AP  -  125 words
  • Page 12 Advertisements
    • 907 12 Qt 'J! O^Z/am 17 buffet selections daily, with limitless cups of tea and coffee. Try our nonya kuehs. ice-kachang. tau-suan, curry puffs, mini pizzas, noodles, pies. French pastries, ice- cream and fruits. If these sound good, theres more. Six local favourites. anything from chye tow kueh. ptsang goreng and gado
      907 words
    • 198 12 aa The Belvedere The Belvedere's Italian buffet luncheon. An incredible selection of 60 authentic favourites, from now till September 4.12.00 to 2.30 pm daily. Adult: $31/ Child $15 All prices subject to 10% service charge and 3% govL tax. The management reserves the right J to change the programme. (3MC
      198 words

  • Page 13 Advertisements
    • 484 13 in •o 9 x Every second's on-the-house! The Fountain Lounge is flowing with the good times. Between 5 and 8 pm daily, for every drink you order you get your next FREE. And bottle purchasers pay just half the price. There's no happier time to enjoy your favourite drinks and
      484 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4197 14 INVESTORS returned boldly to the market yesterday, pushing share prices up across the board. Observers were pleasantly surprised at the way the market rebounded after Monday's 27.11-point drop on the Strsits Times Industrial Index. A dealer said: "The market has been remarkably
      4,197 words
    • 265 14 SINGAPORE Rises Indl less Aug 17 Aaf feaMn 50« •0 195 •T Ciwp idn 12#94« 1302.1 Motro MMg > 1300 550 SO ■*■50 •TO»/OS it cadi -243 -5660 •134 -5500 cTrjuir 565 25 BT 10 4a. MA .uu -54S6 M Iraworta 1160 4a 1100 1030 •40 •35
      265 words
    • 4052 14 810 and offer prices officially listed and buainaaa in and raportad to the Stock Exchanga o« Singapore yaatarday with tha number of shares traded shown in brackets in lots of 1,000 units unlaes otherwiee specified All Time Settlement Contracts are quoted after the word "SETT.
      4,052 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • TAKING STOCK...
      • 539 15 By HOCK LOCK SIEW OF ALL SHAREHOLDERS in Singapore companies, investors in Cold Storage Holdings must be among the least accustomed to corporate surprises. Until Wattie Industries came along, life-holding Cold Storage certificates never gave rise to any heart-pounding moments. But over the past month,
        By HOCK LOCK SIEW  -  539 words
      • 607 15 RIGHTS ISSUES are very much in vogue these days, given the current bull market. In particular, Malaysian companies have been prolific. Of the total 29 proposed rights issues awaiting approvals from shareholders and the relevant authorities, 19 or two-thirds are by Malaysian companies. The
        607 words
    • LATEST RESULTS
      • 91 15 has suffered a 27.9 per cent fall in group attributable profits to M 57.9 million in the half-year ended June 1987, against $11.06 million previously. Group turnover also fell by 7.4 per cent to M 566.63 million from M 571.99 million. With the fall in profits,
        91 words
      • 70 15 has report- ed a group after-tax loss of M$3.78 million for the year end- Ed March 31, 1987, compared with the loss of M 52.43 million in the previous year. Total turnover shrank drastically to M 55.83 million against M 515.8 million previously. The company recorded a
        70 words
    • 280 15 h Managers' prices for Aug 19 Singapore Unit Trust MARA-Bumiputra First B'potra 760 Second B'putro 6.73 765 678 TKe Commerce 1 28 1 35 Third B'putro 501 506 The Savings Fund Ml S'pore Prog Fund 052 S pore Sec Fund 086 S'pore Invest Fund 0 94 S'pore Equity
      280 words
    • 471 15 MALAYSIA MINING Corporation (MMC) is selling its approximately 30 per cent interest in Tronoh Mines Malaysia Bhd to a bumiputra investment holding company, Mercator Sdn Bhd, for M 542.65 million cash. MMC said it was no longer in its interest to retain
      471 words
    • 372 15  -  By AMY BALAN LOCALLY LISTED Shangri-La Hotel Ltd is taking a stake in a HK$l.2 billion super-luxurious hotel project right in the heart of Hongkong's Central District. Shang Tze (Hongkong) Ltd, its wholly-owned subsidiary in Hongkong, will take a 10 per cent stake
      372 words
    • 701 15  -  Discussions at an advanced stage By LISA LEE IN PERHAPS its most ambitious foray overseas, locally-listed Kentucky Fried Chicken (S) Ltd is to set up an integrated poultry farming and processing project in China to supply the local Chinese and other export
      701 words
    • 179 15 Another three margin stocks THE STOCK EXCHANGE of Singapore has added three more stocks to its list of marginable securities, including two Sesdaq stocks, making a total of 193. The new addition from the main board is Avimo Singapore Ltd while the two Sesdaq counters are Singapore National
      179 words
  • Page 15 Advertisements
    • 21 15 TRADER VK'S >/ Sjll gc-r*. 5,h le el lull Hotel New Otan. R .-er Vdiley Road Stnqapore 0617 lining Tel 337 2?49
      21 words
    • 355 15 APPOINTMENT C&L Coopers Lybrand A—odf— provides a comprehensive range of management consultancy services aimed at helping clients increase the effectiveness and profitability of their organisation. These services include Corporate Development, Organisation Planning, Financial Control and Management Information Systems, Manpower Reviews and Cost Reduction Studies, Electronic Data Processing, Manufacturing and Distribution
      355 words

  • REGIONAL MARKETS
    • 344 16 Bernama ES DREDGING COMPANIES should group together to upgrade the industry, said Captain Ahmad Suffian bin Abdul Rashid, executive director of Malaysian Dredging Corporation Sdn Bhd (MDC). He said the grouping of Malaysia's dredging companies is important since there will be frequent needs for
      Bernama ES  -  344 words
    • 72 16 Reuter ORIENTAL Press Group Ltd shares began trading in Hongkong on Monday jumping to HK$2.O5 each from the initial offer price of HK$l. The group publishes Hongkong's biggest circulation newspaper, the Chi- nese language Oriental Daily News. The offer was more than 300 times oversubscribed
      Reuter  -  72 words
    • 176 16 AP THE CHINA National Offshore Oil Corporation and Britain's BP Development Ltd signed a wildcat well contract yesterday for drilling in the Pearl River estuary of the South China sea, the official Xinhua News Agency reported. The report said BP will drill one
      AP  -  176 words
    • 213 16 Reuter CHAIRMAN of Evergo Industrial Enterprise Ltd Joseph Lau is offering to buy all shares which he does not already own at HKSO.BB each, a company statement said. It added that Mr Lau also offered five cents each for all 1990 warrants and 25
      Reuter  -  213 words
    • 645 16 Hongkong DBS Securities, Reuter STOCKS CLOSED slightly lower in active trading yesterday but a late round of bargain hunting trimmed early losses, brokers said. The Hang Seng Index lost 5.79 points to 3,504.87 after lagging by more than 37 points in afternoon trading. The Hong Kong
      DBS Securities,; Reuter  -  645 words
    • 201 16 UPI JAPAN'S semi-government Electric Power Development Co has signed an engineering contract with Turkey to design two dams for the country's hydroelectric power project, the company said yesterday. The deal worth 160 million yen (US$l million) calls for the company to design two
      UPI  -  201 words
    • 3809 16 BUYERS returned in trickles to the Kuala Lumpur stock market yesterday and share prices were able to recoup some lost ground after Monday's heavy losses. However, analysts said the rebound lacked strength in certain quarters and most investors were still adopting a wait-and-see attitude.
      3,809 words
    • 481 16 Reuter SHARE prices eased in modest trading yesterday as the stronger yen against the dollar prompted profittaking on shares of exportoriented companies. The 225-share index lost 34.54 to 25.344.34 after rising to 25,479.92 in early trade. On Monday it fell 115.13 to 25.378.88. Declines just led advances in turnover
      Reuter  -  481 words
    • 415 16 Reuter THE AUSTRALIAN shsrs market closed easier in mixed trading yesterday at steady buying in industrial stocks was offset by falls in the resource sector. One broker said that while sentiment had been unsettled by the unfavourable current account figures for July, equities showed no overt response to them.
      Reuter  -  415 words
    • 165 16 Reuter THE SECURITIES Exchange of Thailand Index yesterday rose 0.65 to 326.74 on s turnover of 2,726,142 shsres vslued st 272.24 million baht Reuter AUG 1« BAMT Ao Kham Thai Ayudhya Invaatment 330 +4 Bangkok Aground Bangkok Bank. 333 unch Bank Of Ayudhya. 306 unch Charoong Thai Wire A
      Reuter  -  165 words
    • 291 16 AUG 18 NT S All Sincere Indus Asia Cement Camay Cone Chang Hwa Bank Cheng Loong Chia Hain Cement Chin Hain Flour China Cham China Dev China Elect Wira China Gulf Plas China Retoar China Sttel Chung Hwa Pulp Chung Shing Tax Far East Dept Far East Tax 4
      291 words
    • 112 16 AUG 11 1 tsos Acoi« Mining Anglo Phil Ape* Mining 8 Atlas Con 0 0 033 ***** 37 50 -0 002 -0 02 -05 Baguio Gold Basic Petroleum Bengoat Con B First Phil Hldgs leoanto B 0 024 185 13 ....0 50 -0 001 unch -1.25 -004 Uarcoooar 1
      112 words
  • Page 16 Advertisements
    • 597 16 NOTICES IN THE MATTER OF COMPANIES ACT -(CHAPTER 50) AND IN THE MATTER OF PLENY INVESTMENT PRIVATE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GI VEN pursuant to Sectloi 308 of the Companies Act Cap. 50, that the Flna Meeting of the Companj will be held at 6 Batten
      597 words
    • 445 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASAHI YONE ENTERPRISE CO. PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of Asahi Yone Enterprise Co. Pte Ltd duly convened and held at 5001 Beach Road, #04-11 Golden Mile Complex,
      445 words

  • WORLD MARKETS
    • 1056 17 New York NYT BLUE-CHIP stocks continued their march on Monday, pushing the Dow Jones Industrial Average to its first close above 2,700. The Dow ended the day at 2,700.57, up 15.14 points, helped by a late-after-noon surge. Volume was 166.1 million shares, well below the daily
      NYT  -  1,056 words
    • 806 17 London AFP THE ANNOUNCEMENT of a 1.4 per cent rise in UK retail sales for July undermined the tone of trading on the stock exchange on Monday. The move was being interpreted as further evidence of growing inflationary pressures. Early gains were replaced by losses
      AFP  -  806 words
    • 1137 17 Selected indices HONGKONG Hongkong Index Tuesday 2296 11 Monday 2304 07 Week ogo 2319 63 Hang Seng Index Tuesday 3504 87 Monday *****6 Week ogo 3546 52* All Industrials Tuesday Monday Week ogo NEW YORK Dow Jones Monday Fridoy Week ogo 3032 5 ***** 2951 6 *****7 *****3 2635 84
      1,137 words
    • 88 17 Reuter FRENCH INDUSTRIAL holding group Chargeurs SA has increased its holding in textile company Prouvost SA to 24.84 per cent from 11.69 per cent over the past 10 days. Chargeurs. which has diversified interests in transport, media and textiles. is estimated to have spent just over
      Reuter  -  88 words
    • 473 17 Reuter ACTIVE TRADING in Bank America Corp stock lata last week and on Monday is seen as a reflection of the recent strength in banking stocks and a perception the worst may finally be over for the bank, analysts said. Bank America was trading at 13-1/4,
      Reuter  -  473 words
    • 193 17 AP REVLON GROUP INC has made its third bid in nine months to buy Gillette Co in a cash and securities transaction worth about US$5.4 billion. Gillette declined to comment on the latest proposal made in a letter to chairman Coiman M Mockler
      AP  -  193 words
  • Page 17 Advertisements
    • 628 17 MS N N r It N > mjsmm *&w >' 6% per cotf. Fixed Rtfe Notes fee Ml®l j£ s|B,- *|r i.ijf' >■■ > r v *<v 3'*# jN&t t s" 4 rj. <* Lead M^mpr •V mjjsfe 7iofZ m &/> <* Ml r.-i f s m -,s: THE BANK
      628 words

  • 688 18  -  Commission rejects opposition MP's two applications By LOH HUI YIN MR CHIAM SEE TONG yesterday withdrew from the Commission of Inquiry into the Teh Cheang Wan affair, an investigation that the opposition Member of Parliament had asked for in March. He decided
    688 words
  • 311 18 AFP A LEADING Hongkong bank has predicted that the British colony's economy will grow by 10 per cent this year, surpassing a government forecast of 6.2 per cent and an 8.7 per cent growth rate last year. But it also warned that the
    AFP  -  311 words
  • 156 18 AT THE OUTSET of yesterday's Commission of Inquiry session, counsel for one of those implicated in the Teh Cheang Wan affair asked to be discharged from the case. Mr S Rajendran explained that his client, property developer Ho Yeow Koon, had died of inteetinal
    156 words
  • 495 18 Bernama THE HIGH COURT in Penang has dismissed an application by DAP secretary-general Lim Kit Siang to restrain United Engineers Malaysia (UEM) Bhd from signing any contract with the government for the M 53.4 billion NorthSouth Highway. Justice Edgar Joseph, in
    Bernama  -  495 words
  • 224 18 Bernama HONGKONG now ranks as the fourth largest source of foreign investment in Malaysia, after Singapore, Japan and Britain, the colony press yesterday quoted visiting Malaysian Trade and Industry Minister Datin Paduka Rafidah Aziz as saying. Addressing a Malaysian investment seminar in Hongkong on
    Bernama  -  224 words
  • 533 18  -  By ALVIN TAY, Banking Correspondent STANDARD Chartered PLC yesterday announced in London a staggering £400 million charge for cross border debts, s provision which resulted in a £272 million attributable after-tax loes for the interim six months. The UK-based banking group made a
    533 words
  • 209 18 Reuter GROWING American preesure is forcing Taiwan to increaae its trsde relations with Western Europe, business sources said in Taipei yeeterday. They said mors and mors Taiwanese businessmen who used to trade with Americans were promoting trade with Europeans in s move to
    Reuter  -  209 words
  • 275 18 SINGAPORE can expect no punitive trade action by the United States as a result of the visit by the US Republican Congressional task force on international trade. Hence, the Trade Development Board is happy with the outcome of the visit
    275 words
  • 152 18 Reuter AUSTRALIA'S balance of payments deficit has soared to its highest monthly level since the beginning of the year, prompting calls from businessmen for cuts in government spending. Officisl statistics rslsssed yesterday showed the balance, measuring transactions in trade, services and movements of capital
    Reuter  -  152 words
  • 84 18 Reuter WALL STREET stocks wsrs broadly lower yesterday, with declining issues ahead of gainers by two-to-one and blue chips dropping at the opening bell. Traders said the market was falling primarily on ths sharp drop in the dollar, which also weighed on bonds as an inflation threat.
    Reuter  -  84 words
  • 95 18 AFP US HOUSING STARTS increased by 0.9 per cent in July. The US Commerce Department said yesterday that this marked the first monthly increase since Februsry. The July increase was attributed to a recovery in the market after the slump which had followed ell-round
    AFP  -  95 words
  • LATE FILE
    • 59 18 Reuter FEARS of a growing glut have sent free market oil prices tumbling below Opec's official US$lB reference price to a three-month low, oil traders said yesterday. The Middle East benchmark crude, Dubai, yesterday traded at US$lB.B9, its lowest level since early May, and US$2 below
      Reuter  -  59 words
    • 61 18 AFP BRITISH gross domestic product rose by 0.85 per cent in the second quarter from" the first. The increase was in line with analysts' forecasts, which had run from 0.7 per cent to one per cent GDP was up by 4 per cent at the end
      AFP  -  61 words
    • 57 18 AP COUNTRIES in Asia and the Pacific region face tha poesibility of a second generation "baby boom" avan if birth rata# decline, a Unitad Nation» study says. Tha study is being diacussed at a conferanca on population in Bangkok organised by tha UN Economic and Social
      AP  -  57 words
    • 46 18 AFP AUSTRALIA'S firat national daily in 23 years, Sus/oaas Daily, has closed leea than seven weeks after hitting the streets. Editor Michael Qill said in Melbourne yesterday that management had failed to find an equity partner to enable the paper to continue.
      AFP  -  46 words
    • 35 18 AFP AMERICAN journalist Charles Glass was turned over to the US Charge d'Affaires in Damascus yesterday, several hours after he gained freedom from two months of captivity in Lebanon. AFP
      AFP  -  35 words
    • 53 18 Reuter DANISH Prime Minister Poul Schlueter announced to Parliament yeaterday that h#~ waa calling an election for September 8. The election cornea four months before the official deadline of January 1068. Schiueter'a CentreRight four-party minority coalition government first came to power in 1062 and waa re-elected
      Reuter  -  53 words
  • Page 18 Advertisements
    • 107 18 EXECUTIVE LIFESTYLE An exclusive BT supplement THE SINGAPORE EXECUTIVE urbane, discriminating, hardworking and with an uncommonly high level of personal expenditure pursues a selective and discerning lifestyle that many would like to emulate. He (and also she) buys clothes from fashionable boutiques; drives the best-looking four-wheeler in town, and, having
      107 words
    • 156 18 Your Power to Sell Your IDEAS m a J Whether you are selling a product, a service, an idea or your organisation as a whole, let BUBINEBB VIDEO PRODUCTION present your facts. And you can concentrate on the contract and GET IT! At BUSINEBS VIDEO PRODUCTION, we have the unique
      156 words

  • SHIPPING TIMES
    • 478 19  -  Alpha Container Services begins operation next month By WILLIAM CHIA TWELVE major container haulage companies are pooling their resources to offer tri-axle trailers to transport heavy containers on Singapore roads. Alpha Container Services will begin operation next month with a fleet of 30 trailers through
      478 words
    • 164 19 Reuter THE PRESENT high rates for very large crude carriers shipping oil from the Middle-East Gulf are unlikely to last to the end of the year, the International Association of Independent Tanker Owners (Intertanko) said in a letter to members. The Gulf countries will
      Reuter  -  164 words
    • 339 19 Reuter AN ARMY of engineers has begun jacking up the decks on four North Sea oil platforms in the final phase of a massive project to save Norway's sinking Ekofisk oil field from winter storms, according to field operators. The four multi-storey
      Reuter  -  339 words
    • PORTSIDES
      • 52 19 EXPORTS THROUGH Japan's eight major container ports fell marginally by 0.2 per cent to 11 million tonnes in the first quarter of 1987. Imports totalled 8.6 million tonnes, a rise of 17.6 per cent. The eight ports are Tokyo. Yokohama, Shimizu, Nagoya, Yokkaichi, Osaka, Kobe and
        52 words
    • 615 20 NYT w A THE TODD SHIPYARDS Corp, straygling against steep losses, Co*£ overruns, and an unwanted I 'Offer for its only profitable business, said on Monday that it hid filed for protection from its creditors under Chapter 11 of the US bankruptcy code.
      NYT  -  615 words
    • 230 20 WARTSILA has won a contract worth more than US$lOO million to build a cruise ferry for Ab Slite. The vessel, which will be detaiered in early 1990 to oruise between Finland and Sweden, is similar to that ordered by the Swedish company," a part
      230 words
    • 250 20 Fairplay A RECENT INCIDENT reported by the Qard P I Club of Norway has highlighted the problem encountered in connection with cargo discharge at Sbme West African ports. Noting that a call at a West African port can be fraught with hazards,
      Fairplay  -  250 words
    • 809 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Ahrinfciel liner XI I Africa Oceon XH 2 Atttrons VII 3 AC Toepler IX 5 American Tpt XN 4/3 Anro Service IV 2/3 Arrow lines IV 3 Asian Ocean VI 3 Atlas line X 4
      809 words
    • 1424 20 ACTIVE chartering of capesize vessels out of the Far East st very firm rates featured the freight market on Monday, ship brokers said. A 134,000 tonner is reported to hsve been booked late last Friday at about US$3.O5 per tonne from Japan to AntwerpHamburg range. Around $13,250 daily
      1,424 words
    • 175 21 THE MAJOR shipping consortia operating between the Far Eaat/Europaan, Far Eaet/Persian Qulf, Straits ports/Australia, Straits/Japan and ths mom bar linos: ACE (FAR EAST/EUROPE): Franco Bolgian Sorvicoa "K" Lino Koroan Shipping Corporation Noptuno Oriont Linos Oriont Ovsrsoas Containsr Lino Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Lino Australia Strsits
      175 words
    • 179 21 Router TANKERS anchored off the United Arab Emirates (UAE) ports of Fujairah and Khor Fakkan, where two vessels havs hit mines, ars starting to movs to Oman where they hope to find safsr anchorages, according to shipping agents. But
      Router  -  179 words
    • 309 21 THE OPERATION of mobile cranes at the Thai port of Klong Toay will generate close to 800 million baht annually for the two successful contenders by 1989. The projection is baaed on a minimum charge of 1,000 baht for handling a 20-ft
      309 words
    • 907 21 AFP STRONG DEMAND for all sizee of tonnege in both single voysge snd time charter sectors saw a further riae in ratee on the freight market during the paet week. Earninga for Panamaxaize vessels (50,000-70,000 tonners capable of navigating the Panama Canal) and larger bulkere on several major
      AFP  -  907 words
    • 92 21 Reuter AUSTRALIAN SHEEP destined for slaughter in the Middle-Eaat face unacceptable riaka during ahipment through the Gulf, an animal rights group said yesterday. Animal Liberation, a group formed 10 years ago to defend the rights of farm animals, called on the Auatralian government
      Reuter  -  92 words
    • 347 21 Lloyd's List THE GREEK BANK behind a Drachma 4.3 billion (US$32 million) industrial maritime complex in western Greece has leased the first of three scrapping facilities. Athens-based Hellenic Industrial Development Bank SA confirmed that it had entered into a contract with Mr
      Lloyd's List  -  347 words
    • 6618 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.
      6,618 words
    • 479 27 AT CONVENTIONAL WHARVES KEPPEL WHARVES Oft h Arrival Departure A«bv K25E alongside 1908/1300 Equator K22 alongside 19 08*1200 Koheng K30 olongside 22 08/3300 Kola Bertot K3I olongside olongside I90&0800 Smzfcong K33 3108/1200 Sit T»»ov «7 olongside 1908(0600 Str Hop* K34E olongside 23 *****0 Tram How 009 olongside
      479 words
    • 970 27 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movamant Ship Voy data/tima Operator cargo •chadula Locatk luohe 37E *****7 1700 Yicfc Fung F5A *****900 MB Kuo Hjiung 706 1908 87 1700 Con feeder n 0600-0900 13 Uni Pioneer 0606S *****7 1800 Green Asia FSA
      970 words
    • 1981 28 Who acts for whom A —B AB Shipping Boustead Shpg Agencies. ABC Containerize NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Linaa Seal ion Shpg (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanua Shipping Agenciea (S) Multiport Sdn Bhd (PK). Alttrana Alltrana Expreaa. American
      1,981 words
    • 582 30  -  By BRIAN GOMEZ A BRITISH CONSORTIUM has packaged a "unique maritime concept" as a model approach for an Indonesian government plan to revitalise and modornise its inter-island shipping industry. Following invitations by the Indonesian government, Britain's DNW Consortium is among a number of international
      582 words
    • 160 30 PANAMA'S National Port Authority it to computerise all its operations. This was announced by official sources in Panama following the completion of the technical evaluation of the consulting firms interested in winning the contract to design the computer system. The new computer system
      160 words
  • Page 19 Advertisements
    • 723 19 nyvaa f*\K? SHE HAD AmXTAnur power, she SUBSTANCE needed love. .uvuvjiniM SHE WANTED REVENGE. Km 111 a Marie is l*y A WOMAN OF SUBSTANCE *Bul what is the pricc she has paid? f Available at all good bookshops OOCL OigENT Ovbqias Cmtoitm Line NORTH »Mf PICA Alt ANTIC FXPRFSS (ROUND
      723 words
    • 119 19 mm THE TO DO SHIPYARDS Corp, struggling ogainst steep losses, cost overruns, and an unwanted offer for Its only profitable business, has filed for protection from Its creditors under Chapter 11 of the US bankruptcy code. P«g« II THE OPERATION of mobile cranes at the Thai port of Klong Toey
      119 words
    • 834 19 Hew S.E. AM* ■part the taffeal Weal OAwomoua. 'i\\m! i-x MMWaaiat Good Bookshop* n* MAERSK LINE 1 THE FAR EAST AND THE MEDITERRANEAN HAVE BEEN BROUGHT CLOSER TOGETHER BY MAERSK LINE Tha mt Andart M Ctoamg Tun# CY 1M 2300 HRS CFS 1M 1300 MRS UB M CEQLC M LUNA
      834 words

  • Page 20 Advertisements
    • 306 20 YAMASHITA-SHINNIHON LINE TRANft-PACFIC SERVICES STRAITS FEEDER Pacific South W«st Fwdtr at Kao IH." TTM Pacific North Watt Faadar at Kao lEZ23CZES Atlantic/Canada Faadar at Kao [■Iv.':KMCTiiEM Ml I |E» II —I ■II I IMI I■! ll' '.W.'.M W, ■IVII'VI Iraizmnuu 11 n■!arall i' ■ii i i 111 'Mini ii -111-J
      306 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 410 20 ISI C S A V DIRICT SntVICI To/ngn CMIU FEEDER VESSEL OSAKA BAT MOM EXPRESS LAMS MY S TORE MOTHER VESSEL NK ARtCA KM AHTOf VALP SAI }fl VELAT Mlt VU VU U/U yil U/ll 120 CAR CARRIER *II Jftl KB"" wwi i«i siu am a/u CARGO FOR PURTA ARENAS,
      410 words

  • Page 21 Advertisements
    • 808 21 The Straits Steamship Group J STRAITS SHAPING Singapore to Satoeh, Sarawak, Brunei Porta and Bangkok i lwm Mansfield Container Shipping Re Ltd nftATtV P&O awvuL Containers Limited r*" l 'w.n.'.nai PEGASUS PROGRESS V494N 15-21 Aaf 20-29 Aa( PEGASUS PROGRESS V4KN 0« Sao M-H S«* BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL
      808 words
    • 503 21 Integrated tank Container Service For CHEMICAL industry i i ft m a w f Tank containers for Intercontinental Intra Asia and Domestic transports of Liquids (Bitumen included) and gases on a door to door basis Offshore Leasing and sales All types and capacities available LIQUID AND GAS TRANSPORT (ASM) PTE
      503 words

  • Page 22 Advertisements
    • 437 22 ImhJl CONTAINERSHIP SERVICE TO UK/CONTINENT S par* PK m 2« 24* 2M m 31* 11* 13* Wi 20* lilt S* 30rt 2/10 4P i< 10 10/10 12/10 17/11 11/10 S'ton H'burf BAi»«n 10/9 12/9 14/9 14/9 11* ll* 19/9 21/9 23/9 25/9 27/9 29/9 1/10 3/10 5/10 MO 1/10 10/10
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    • 849 22 fc=«: JCSline mm a tmrrmt FULLY CONTAINERISED SERVICE [to FUROPf VIA SUEZ "J ol ,h Acf Con^,,um ORIENTAL CHIEF SSW 21* KOREAN JACEJIN «N 27/8 CHINA CONTAINER 41W 3/9 NEPTUNE CRYSTAL 41N 10/9 HONGKONG CONTAINER UN 17/9 S port LtHavrt R dam Fstovo M buff Ihavon 21/8 lit 9/9 10/9
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    • 436 22 Arrow Lines S'PORE/COLQMBO/S. AFRICA ill iHiirii S'PORE/BENGAL/E. AFRICA m.'riaii ir«n:9' VSL S PORE CHITTAGO PORTS ARROW QUEEN/2 19/S Accepting Durban ARROW DUKE/2 3/9 1/9 12/9 24-4/10 E. AFRICAN PORTS CALL: MAHE/MOMBASA/DARES-SALAAM ERS. Singapore Agents BAKKE SIME DARBY SHIPPING PTE LTD Tel *****88 *****26 INDIA STEAMSHII EXPRESS FCL/LCL FORTNIGHTLY CONTAINER SERVICE
      436 words
    • 853 22 EVERGREEN f::ll Cnntun, r S-Round-The-World East Bound (FE/C ARIB/USEC/E URO/FE) OSK TTO KSN CMS NYC BAL HBC FLX MM AM LMV MP M M IWO llfll l*U MR 7/10 4/U 2*iyiß7/10VM- «/M ia» 12/14 mi mt mt am nm am wu 11/11 IVIO WO 17/10 u/io 22/ifl 2vio me 2*lo
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  • Page 23 Advertisements
    • 456 23 v PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE VOY SIN SBV SMO SIN BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE PGO 1M VESSEL MAJAPAMfT LOADING FOR SUBJECT TO WOUCCMENT 53 m a m RED SEA/EAST AND
      456 words
    • 283 23 m NORBULK NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS NORBULK NBT-11 NORBULK NBT-12 L SWK/SABAH LOADING FOR 24/8 MADRAS/TUT I 25/1 MGLOREyKANOLAJ KARACHI J SPORE t4A">ATHON UNITED AGENCY PTE LTD TEL 222C38 MAIAYSIA S P YEO SHIPPING t TRADING KL
      283 words
    • 505 23 BLC BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT T«fci« Eifrm City ft CM» EXPRESS CONTAINER SERVICE FROM UK/CONTINENT stm p klam s m for Urn Mr M W*» M |I7JI tw IMM KM ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST ALAYSIAN TORTS IkJJEBSEN LINE NEW ZEALAND ME« ZEALAMI.
      505 words
    • 530 23 If i\. DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LUYI P.T. KNM LUTS f.T. SMHtREM INDONESIA P.T. TMKSM LLQYI EXPRESS SEMI CBNTAINERSNIP SERVICES KMS-m S3? «"5— SSRmgm m ft BSBSK" b SMS s, z as JS GANDA GAMA/19WB 3»19 11/11 I*ll am Inducamant. A too accap4lng cargo to Caaablanca,
      530 words
    • 371 23 BOUSTEAD SHIPPING AGENCIES SIT-TWAY VJIE HTONEYWA V22OW PAGAN VII7W M AN VU4W Discharging onty BURMA FIVE STAR SHIPPIWC CORPORATION (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok 21/23 Aug 21/22 Aug -z z BANK LINE EXPRESS SEMI-CONTAINER SERVICF Z NORTHBOUND TO UKC SPORE ROAM HULL HMBG TAUSALA
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  • Page 24 Advertisements
    • 1210 24 fITLfInTIC COAST (Round-The-World Service) N GARNET VlO 0. FREEDOM Vl5 •PK/PNG SPORE SLO 21 Aug 22 Aug 28 Aug PACIFIC SOUTH-WEST FEEDER VSL N. GARNET VlO 0 FREEDOM Vl5 •VIA FEEDER •PK/PNG SP MOTHER VSL Sid 21 Aug MACKINAC BRIDGE VS 22 Aug 28 Aug G W BRIDGE V 9
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    • 588 24 r m AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Containers *****5T Vi? 3 11 V S«« AM/Bm KABIROAS VJt 27 S* I? Oct 71 Oct It Oct AM/Bro INDIA EXPRESS CONTAINER SERVICE S.O ANOMRA PRAOCSM VMlilU' 'IT""* INDIAN COURIER V.27N M 22 Z sSfH2^?»^ld U THEOOOR FOMTANE VMM a*2 5£5£252«2S s.O.
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    • 764 24 GOLDEN LINE WS GUM) GUM SHPfWG (TIE) LID 21. IM ky strMt —wmmm. MM ia UIM <U UO) Far BOM STRAITS/PERSIAN GULF SERVICE: S por. P Kttonf Ptnant GOLDEN REAR Colombo. Karachi/Out* 22/23 Aug OOLDEN HARVEST CotaWo'Karaclw/litocat/Dutie. I/M Sept- CHINA SERVICE A VESSEL am n CHINA OCEAN SHIPPING CO., PEKING
      764 words
    • 416 24 V PHILI OnifNT LINfS PT€ LTD -J so c" c? t3 «o» ss:s *:«t) *1 BC AS Bt I.C S S';A ifif > "s ;?';d pm u> l- J .'i/J' l-'M.-lITT n' 7/1. 12ft aft. JM *OOAH. HOOEBAH. NOMA 1 WW TMUTAVI. u—, Kwami TWPOU. NLBUMMM. 3E3CE= 10*. F'STOWE. t
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  • Page 25 Advertisements
    • 978 25 NEPTUNE ORIENT LINES LTD FM Ellt/EMK nut miimb ran TO EUROPE/UK (Vl* SUEZ): I o chief a*> m Port 210 M K JACtMN m. (27/1) 290 110 C CONTAINER 41*. (1/9) 319 m Ic BRIDGE 9*. (60) M 260 II CRYSTAL«». (Sl9) 10/9 27/9 HK CONTAINER HN 150 17/9 04/10
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    • 473 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG PENANG. BUSAN. INCHON 1 Mo I Don*m/70SN 17/1 20A 31/B W9 No t Oona«/7aSN 23/1 2WI QM 12/9 Carjobey/7ttS 2/9 j/9 11/9 Ho 1 Dorvam,7oMl 4/9 7/9 Z3/9 M Ertt#rpri»#/713N 12/1 ISA 2V9 2/10 No I Oofum 19/9 22/9
      473 words
    • 788 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD *****33 < 15 Li««) Terminal Otfic: *****41/2 Keiang SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** ■Irs HANOI INC SYSTEM CO SON MO nrac SKVKS mJSStSST 5?HE2=?~^ T* *****1/*****1 Th MA SQ2I4 "FtBIOS" Trt 03-23D«7V^rtJIT MA ***** HSKUL REGULAR INDEPENDENT SERVICE)
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    • 14 25 Also accepts LCL7FCL to other destns. SINGAPORE TEL *****11 (15 LINES) BANGKOK TEL 2SSMM-S
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  • Page 26 Advertisements
    • 316 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 (30 Lines! FAX *****39/*****76 TELEX RS ***** A/B SSCMA RS ***** A/B SSCAD VLB Di UfMfACHT SEEREEDEREI INTEGRATED FULL CONTAINER SERVICE TO EUROPE •VIA COLOMBO: AcceptM* cargo for INDIA Bom toy. Cochin t Madras "VIA LAW AC A Accepting cargo for Lattaka.
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  • Page 27 Advertisements
    • 284 27 WMMm CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER lEZZ2 ITT nn JUTLANO4A n otirr TT7I OTHER DESTINATIONS: AARNUS. AMSTERDAM. ANTWERP, BASLE. BREMEN. BREMERHAVEN. COPENHAGEN, HELSINKI. MALMO. OSLO.
      284 words
    • 234 27 \JA i CONTAINER LINE 7J777\ TRANSTAINERS LINE WEST AFRICA SERVICE PEN/PK SIN TO: DAKAR, CONAKRY 27/8 m ABIDJAN, LOME 1/9 4/9 CONTONOU, DOUALA LIBREVILLE, PORT GENTIL P. NOIRE, LUANDA DAILY ACCEPTING LCL/FCL TO:TT II r.KEUHt JURTMLU KEE/MI turn «kmm ran PORT TO DOOR DELY: PT. KELANG TO KOTA KINABALU IN
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  • Page 28 Advertisements
    • 158 28 r' IL ';;y iT f*l l COMPANY Of SAUDI ARABIA mm rr Accepting Breafcbulk, Ro/Ro, Contains to Sharjah, Doha and Riyadh. REGULAR RO-RO SERVICE TO USA/CANADA NEW ORLEANS 03 OCT BEQBEIBZIIJ Also Accepting FCL Containers for Charleston, Miami, Tampa and US Inland Points. A(Cflts KM Sinppore: Malaysia: SEGANI SON BHD
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    • 522 28 nIINKIIMK SHI I'I'IN(. I'M. l l)' "n A<. ft) (1?C Mtfim Hou'.e S o<;r<- 0207 T( 1 ,st irit's) Tl X RS ***** FIINFR fA X 2"VS> J vEUROPE SERVICE ta n: anriTTr: I if? Un un wt m US X 'i T, FAR EAST SERVICE s 13 i II
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    • 410 28 ZIM USA tat A FULL CONTAINER SERVICE accaptinf FCULCL carpet to (J West Coast Carribbaan.Eait Canada, HAITI, tot Au Spain N. ST. LUCIA. '?.''.HTrTMTTB mM '.VTMTMI If M«: n!-: ZIM TRIESTE 22/1 ZIM AUSTRALIA XI ZIM S'PORE ACCEPTING CARGO TO AOtLAIK VIA MELBOURNE ANO ALSO FCL TO GUAM IjH- I
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    • 564 28 4 COMPANIA PERUANA S 4 W DK VAPORES -Jl 9 "PERUVIAN STATE LINE" LMdim tor CAo, Mttaram. to d ottw PtruMM porti wlk at V Kobt or Yokohama on CPV Throajh M 4 L*dm| to fmai daabnaban R Parang* P. Ketang Btappare K iOHNEVERETT 3MI Aut I 4 MURRAYEVERETT Sap
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  • Page 29 Advertisements
    • 296 29 Hamburg West Germany ;i Tiger Line VOY SIN CALCUTTA MADRAS CHinAGONC prelude 23 20/21 auc 27-21 aug 30-3 LOTTE SCHEEL H 31 AUG M SEPT 12-13 SEPT PRELUDE 11 54 SEPT— U-l LOTTE SCHEEL 25 1J SEPT 25-21 SEPT 31 OCT Co—wow Carrier Feeder Service For Main Lift* Operators Only.
      296 words
    • 186 29 (Perfect China Ocean Sbippinc Lines) Destinations: SHANTOU, GUANGZHOU HUANGPU, XIAMEN HAIKOU, ZH AN JIANG XINGANG, QINGDAO SHANGHAI t OTHER PORTS Etd. S PORE Etd. PKLG WEEKLY SAILINGS -£M a CONSOLIDATION SERVICE FROM: SIN6APORE/P.KELAN6 t r O cr (MEMBER OF THE PRESS GROUP) WEEKLY CONSOL SERVICE LCL/FCL U.SJL (East West Coast
      186 words
    • 170 29 PERINTIS LINE KLY FULL CONTAINER SERVICE (5) HANLI M SHIPPING CO., LTD. REGULAR UNER SERVICE TO BOMBAY AND PERSIAN GULF VSL NAME S'pore LDG FOR Soners Linker V.03 Sailed Bombay/B. Abbas Korean Sapphire 15-20/9 Bombay Note: Space available for timber/logs from E W Malaysia to E W Coast India subject
      170 words
    • 542 29 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR LAST TO EUROPE/MEDITERRANEAN WEST AFRICA HAMBURC I FELIXSTOWE I ROTTERDAM I ANTWERP I IE HAVRE ■dmm > *Eca*tm| carfi t» *D U.K. i OUTBOUND TO MEDITERRANEAN SPORE I MARSEILLES [BARCELONA I ALEXANDRIAI BEIRUT I LATTAKIA OUTBOUND TO W AFRICA
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    • 292 29 iiiiii MARITIME TRANSPORT MANAGEMENT PTE LTD BANGKOK MANILA HBG/ROTT 1 ETA SPORE ETA SPORE ETA SPORE MEGAH BROOKE NO 1 LIAN SENG HIN NO 3 ETA/D LOG For: a/30 Aug Kuchinc. Miri 27/30 Auc Bintulu ELEFTHERIA II MERCHANT PRELUDE MARY i f Shanghai. Busan Bremen, Rdam, Antwerp Manila Cargo Bookings
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  • Page 30 Advertisements
    • 424 30 pt FARGO SHIPPING COMPANY!PTE)LTD. REGULAR express full container AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERIZE From USA/Canada/Europ«/Meditorranoan Vsl ANTWERPEN C. VEROLME TNT EXPRESS E. HUDIG E3HEEBE22HE3I ietmemeiimpm 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 P.T.
      424 words
    • 820 30 SOCIETE MAURICIENNE DE NAVIGATION LTEE INDIA OCEAN, SOUTH/EAST AFRICA REGULAR SEMI-CONTAINER SERVICE Goipm SO- SEALION SHIPPING (SI PTE LTD TFI .vnsMi TELF* RSi45>J SEHiiN FA* *****11 I AfRKA OtfA* LINfS Lid. I Ill'iilLW.'i 4- ifj W.l -H. I'i -fll VESSEL MARIE H Loading for APAPA/LAGOS, PORT HARCOURT, LOME, TEMA, CALABAR
      820 words
    • 618 30 e e AMERICAN TRANSPORT LINES, INC. TEXAS RAINBOW 1* S& $0 Z Z 'XT CANADIAN RAINBOW 1 S/IM/10 «1 Ml 9/11 lofil Isfll AnfVfrans. NEW YORK RAINBOW 2 31/10-1/11 1/12 3/12 4/12 5/12 10/12 A VESSEL 1 19/11-20/11 20/12 22/12 23/12 24/12 29/12 TEXAS RAINBOW 6 8/12-9/12 9/1 11/1 12/1
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  • Page 30 Miscellaneous
    • 171 30 m Regional Weather gtmmmr m <r> A g m e 1£ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AJI. THIS MORNING. LEGEND R Thunderstorm Temperature c X\ n Shower Weather Wmd direction with speed n knots Rom Cloudy Sky W Ve he^h Surfoce winds are indicated by arrows which fly
      171 words