The Business Times, 30 August 1984

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 THURSDAY, AUGUST 31, IsB4 60 CENTS
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  • 607 1  -  First round-the-clock futures system in the world will start on Sep 7 By SOH TIANG KENG, Banking Correspondent WASHINGTON yesterday ended eight months of suspense by giving the go-ahead to the Singapore-Chicago link in financial futures trading. The green light by the US government agency,
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  • 510 1 SINGAPORE'S policy for encouraging graduate mothers to have more children has been questioned by the World Bank. The bank said the Republic, South Korea and China are the only three countries to have successfully limited population growth through a nation-wide system of incentives
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  • 230 1 A MARRIAGE as mutually beneficial as the Simex-Chicago link-up naturally needs a wedding. True to the Singapore fashion, the programme will begin with a dinner on Sep when all parties with immediate vested interests will be invited. Dr Richard Hu, managing director of
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  • Article, Illustration
    64 1 THE Singapore stock market managed to shake «at of Its lethargy yesterday as most share prices clssed higher on slightly improved volume. Buying interest was rekindled, following a four-point rise in the overnight Dow Jones Industrial Average. At the anal bell, the BT Composite Index had gained 4.12
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  • 443 1  -  By AMY BALAN REPORTS that it will be mandatory for banks to link up with the proposed automated interbank payment system are untrue. BT understands that options are being looked into for banks which may encounter difficulties in implementing the system. It
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  • 536 1  -  By CHAN MAY PENG PAN-ELECTRIC Industries Ltd's property arm, Vanguard Realty Development Pte Ltd, is to spend $22.13 million in cash to increase its asset base for an eventual public flotation. Vanguard has contracted to buy a 64.5 per cent interest in
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  • Page 1 Advertisements
    • 76 1 Budget rent a PQr w I 1 Orchard: *****11 Katong: *****11 BEIT BUSINESS OR PERSONAL UASLi Decision Mate V You're sure to find our approach refreshing in your search for computers. At Microage Computer Systems, our satisfaction is helping you see beyond mere hardware, to workable solutions to your problems.
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    • 245 1 Leader, Pag* 8 SHARE INFORMATION 15 LETTER TO EDITOR RAW MATERIALS 14 SPORTS MONEY EXCHANGES 7 CROSSWORDS COMPUTER professionals can reduce mistakes by sharing their knowledge and expertise with each other, Dr Yeo Ning Hong tells the Very Large Data Bases conference. Pag* 2 A POTENTIAL commercial oil strike by
      245 words
    • 11 1 Full raport, Page 15 International stocks, 12 Asian stocks, Paga 13
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    • 101 1 the one and only Dr. Sony any day of the year *****1 The Sony Service Centre Pan-El boosts GlH's profits, Page 17 SHIPPING TIMES comes as a separate section today. Make sure you get your copy. BALLY of Switzerland me els the challenge of today Accord Actuet J The Best
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  • HOME NEWS
    • 132 2 TELECOMS IS TO link with a major research institute in Hawaii In a study to find out how people seek information and what sort of information they want. The idea is to provide a picture of information seeking patterns in modern society. The
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    • 408 2  -  By BOEY KIT YIN FOREIGN BUSINESSMEN can now check up local products and sellers with the release of a long awaited directory of local exporters and manufacturers. Making its appearance for the first time, Singapore Exporters, will give an additional impetus to external
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    • 402 2  -  By GRACE YU COMPUTER professionals can reduce mistakes by sharing their knowledge and expertise with each other. Dr Yeo Ning Hong, Minister for Communications, told the audience at the opening ceremony of the VLDB (Very Large Data Bases) conference yesterday that many computer
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    • 285 2 THE NEW GCE *N' level qualification is now an acceptable job entry requirement for the public and private sectors. Passes in three subjects (Grades 1 to 5) in the Singapore-Cambridge GCE 'N' level examinations will now be the alternative minimum
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    • 275 2  -  By LISA LEE MORE THAN 600 delegates are to attend the International Conference on Tall Buildings at the Shangri-La Hotel from Oct 22 to 26. Among these will be wellknown architects, planners, engineers, academicians and building experts. Topics covered by the 100 papers
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    • 220 2 AMERICAN-made stained glass panels and British-made ceiling coffers have been combined to turn out an unusual design for the new Grand Ballroom of the Hilton. A coffer is a deep recess in the ceiling, which in the case of the Hilton,
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    • 239 2 MELINA CHUA has been promoted to associate creative director at Grant Kenyon and Eckhardt. Miss Chua joined Grant as copy director in 1980. Prior to that, she had held various senior writing positions in other local advertising agencies. KENNETH CHENEY has been named the general manager of
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    • TRADE TALK
      • 55 2 which markets commercial catering equipment, is seeking agents for its products in Korea, Thailand, Sri Lanka and China for an initial period of 12 months. Agents are expected to service equipment, carry spare parts and provide installation capability. For enquiries, contact Luke Equipment, division of Luke Ltd, Cook
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      • Article, Illustration
        132 2 the Swedish electrical and electronic engineering group, will be taking part in the fifth international electrical and electronic engineering exhibition Enex-Asia *84. The exhibition will be held at the World Trade Centre from Oct 23-27. Some of the products to be featured at Asea's booth are: Asea Master, a
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      • 59 2 the Chilean International Airlines, has appointed UTA as its general sales agent for passenger and cargo in Singapore. Malaysia, Bahrain, Indonesia, New Caledonia and Oman. Lan Chile, established over 55 years ago, is a holder of many inter-American air safety records and is the first airline in the
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  • Page 2 Advertisements
    • 87 2 You can fly to Australia with British Airways any day of the week. And we offer you a choice of five destinations. Our 747's fly direct to Sydney, Melbourne, Adelaide, Brisbane and Perth. So when you want to fly to Australia, the chances are that the world's favourite airline will
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  • OVERSEAS
    • 348 3 AP GENERAL MOTORS Corp and Ford Motor Co have proposed that half a million US car workers forgo an increase in their basic wages for the next three years, making a strike against one of the carmakers likely. Top union leaders from
      AP  -  348 words
    • 122 3 Reuter BLACK leader Rev Jesse Jackson has said he would campaign for the Democratic ticket but reserved the right to go on criticising presidential nominee Mr Walter Mondale and runningmate Mrs Geraldine Ferraro. Rev Jackson told reporters on Tuesday night after a meeting with
      Reuter  -  122 words
    • 246 3 UPI COLOMBIAN special police agents have discovered a large and sophisticated counterfeit operation and have seized US$lOO million in falsified US currency, a police official said. A spokesman for the security section of the Colombian police said the operation was discovered in north Bogota on Monday
      UPI; AP photo  -  246 words
    • 237 3 Reuter THE MAIDEN launch of the US space shuttle Discovery has been postponed for the third time in two months because of a computer problem. After studying the problem for most of the day, space agency officials announced on Tuesday night they were delaying the
      Reuter  -  237 words
    • 353 3 UPI A NAZI souvenir dealer who confessed to forgery in the sensational Hitler diaries case denied he knew the volumes were being sold to the masscirculation Stern magazine. Konrad Kujau told a court on Tuesday he believed the diaries he wrote and passed
      UPI; AP Photo  -  353 words
    • 110 3 UPI IT'S one thing to use the good offices of the United Nations to mediate world conflict. It's quite another to bring the family of nations into a contest between women traipsing about in bathing suits. A UN lawyer won a court order on
      UPI  -  110 words
    • 143 3 UPI NON-ALIGNED nations have called for a conference next year in Sri Lanka to end what they called a "sharp deterioration" of peace, security and stability in~the Indian Ocean brought about by big power confrontation. A draft resolution prepared for the fall session of
      UPI  -  143 words
    • 471 3 NYT THE US Federal government brought criminal charges on Tuesday against a former reporter for the Wall Street Journal. It accused him and two other men of stealing from the Journal and defrauding its readers by using advance information about articles in the newspaper
      NYT  -  471 words
    • WORLD IN BRIEF
      • 76 3 KOREAN Airlines Ltd (KAL) has filed a suit against a British television station and a magazine, claiming damages for suggestions that the KAL airliner shot down by the Soviet Union last year was on a spying mission. Lawyers for the airline said writs were issued on Tuesday against
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      • 51 3 PAS PRESIDENT Haji Yusof Rawa said yesterday he is prepared to take part in a TV debate between PAS and UMNO, if he is chosen by his party. He said that the five top leaders of both parties president, deputy president and the three vice-presidents should also take
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      • 80 3 FIVE Royal Australian Navy ships with a complement of 1,500 men arrived in Manila yesterday as part of a goodwill visit to Asian countries. The visit would serve to "maintain the Australian Navy's good relationship with the navies of Asian countries," Rear Admiral Geoffrey John Woolrych, the fleet's
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      • 64 3 A HIGH-POWERED Japanese economic mission will visit China from Sep 18 to 22 to discuss bilateral economic cooperation, Japanese industry sources said on Tuesday. The 41-member mission, led by Yoshihiro Inayama, chairman of the Federation of Economic Organisations (Kei- danren) is to meet with Chinese President Li Xiannian,
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      • 45 3 A SUDANESE regional minister who was dismissed for drunkenness has been flogged in public, the official Sudan news agency (Suna) said on Tuesday. The agency said Mohamed Mahdi Ahmed, former Regional Minister of Housing, Water and Public Utilities, received 40 lashes on Saturday.
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      • 48 3 Agencies THE SWEDISH International Development Authority (Sida) has donated US$5lO,OOO for the design of hydro-power plants in Laos, the United Nations Information Service said on Tuesday. A $90,000 contract has been signed for part of the 11month feasibility and design studies for two mini-hydro-power plants. Agencies
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    • 380 4 Regional approach to rural development Bernama THE MALAYSIAN government has formulated a new strategy based on an integrated approach to speed up rural development and industrialisation. Trade and Industry Minister Tengku Razaleigh Hamzah said yesterday that under this strategy, state development would not be
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    • 197 4 A GROUP of building contractors in Johore Bahru have alleged that imported cement is being brought into the state under the "Kedah Simen" label. Syarikat Kedah Simen, which ships clinker to Jurong for processing and brings the cement back through the causeway, is
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    • 66 4 Reuter THAI BROTHEL operators and pimps face prosecution for the first time in a move to crack down on prostitution. A government spokesman said yesterday that these owners could be jailed for up to 20 years and fined up to US$l,7OO under a government-proposed amendment.
      Reuter  -  66 words
    • 189 4 Bernama MORE VISITORS arrived in Peninsular Malaysia last year compared with the previous year, while Sabah and Sarawak experienced a drop in tourists of 7.4 per cent and 3.4 per cent respectively. More than 2.7 million people visited the Peninsular for the whole of last
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    • 266 4 AP CHINESE state councillor Ji Pengfei has reassured Hongkong civil servants that their jobs will be secure when China reasserts sovereignty over the British colony in 1997. He also pledged that Hongkong's 170,000 civil servants will continue to receive benefits and
      AP  -  266 words
    • 183 4 AP JAPAN'S Foreign Minister Shintaro Abe has asked South Korea to become Japan's "mature partner" through a relationship marked by global responsibilities and unshaken by bilateral frictions. Speaking to a National Press Club lunch in Tokyo, Mr Abe said the visit of South
      AP; UPI photo  -  183 words
    • 265 4 Reuter INDIAN security forces have arrested 224 people, including senior religious leaders, in a major operation on Tuesday night to head off a world convention of Sikhs. Police in New Delhi said that among those arrested were top officials of a
      Reuter  -  265 words
    • 287 4 AFP THE bullet-riddled body of a man has been found in northern Sri Lanka, the third victim in two days of resumed attacks by suspected Tamil separatist "hit squads", official sources said yesterday. Police found the body on Tuesday at Kilinochchi, 67
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    • 99 4 Reuter EIGHT OUT of 10 pregnant women at a Danish library using data screens since 1978 have had miscarriages and researchers plan to investigate a possible link. Dr Kay-Ole Larsen, the director of the Aarhus Clinic for Occupational Medicine, said yesterday that the clinic would
      Reuter  -  99 words
    • 326 5 Reuter AIRLINE Traffic is still increasing but the recent surge may soon be over, according to International Air Transport Association (lata) director general Knut Hammarskjold. He told an aerospace conference in London on Tuesday that recent traffic growth has been
      Reuter  -  326 words
    • 154 5 Reuter RUMANIAN President Nicolae Ceausescu, long criticised by Moscow because of his independent foreign policy, is to pay a state visit to West Germany in October. The West German President's Office in Bonn said yesterday that the visit, the first by the Rumanian leader since 1973, would
      Reuter  -  154 words
    • 748 5 ARRIVALS Operator Service Local From number time KAL KE687 0020 SEL/KUL PAA PA5 0020 JFK/SFO/HKG GIA GA7I22 0035 HLP CAL Ct009 0040 TPE SIA SQ43 0750 DHA MAS MH681 0820 KUL TMA TL351 0830 BEY/DXB MAS MH60I 0905 KUL SV SV378 0910 JED/RUH MAS MH671 0935 KUL
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    • 436 5 Dockers handling 71 pc of British non-oil trade heed strike call Reuter ABOUT 24 UK ports are at a complete standstill as a result of the call by the Transport and General Workers Union for a national dock strike. The National Port Employers Association said
      Reuter  -  436 words
    • 316 5 Reuter, AFP THE SINKING of a French cargo ship carrying 240 tonnes of nuclear fuel has set off a controversy over the adequacy of international safeguards for the shipment of radioactive materials. The 4,210-tonne freighter Mont Louis, which sank in the English
      Reuter,; AFP  -  316 words
    • 306 5 FT. Reuter WEST GERMAN business confidence, badly shaken by the damaging strike wave earlier this year, has largely recovered again, and there is particular optimism about export prospects. The IFO Economic Research Institute in Bonn noted that industry had boosted production partly with overtime
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    • 256 5 FT THE FRENCH government on Tuesday announced a fresh increase in subsidised loans to boost industrial investment. The move runs counter to the avowed intentions of Prime Minister Laurent Fabius's new administration of reducing aid to industry while at the same time cutting
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    • 57 5 Reuter ONLY a fifth of South African Indians turned up to vote yesterday. It was estimated that the turnout ranged from 6.9 to 33 per cent. The day was marked by clashes between police and anti-government demonstrators. They were protesting the exclusion of the country's 73
      Reuter  -  57 words
    • 446 5 Reuter A POTENTIAL commercial oil strike by Esso and increased drilling activity soon by British Petroleum in the South China Sea could push China to announce an early start to the second round of bidding for offshore contracts. These two factors
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    • 268 5 FT THE BRITISH Gas Corporation has discovered a significant gas field west of Shetland. It is the first known major gas discovery in the area and raises hopes that Britain could have a second gas producing area following the areas in the North Sea. The
      FT  -  268 words
  • Page 3 Advertisements
    • 151 3 Behind every productive Personnel Department there's a "Genie." Here's a revolutionary cost-saving innovation! Advanced technology has blessed us with An "Genie" a computerised time clock that"s not just smart looking but a real solution j. to your constantly increasing time and payroll- management cost problems. Brilliant to-the-minute details, "Genie" is
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    • 167 3 SEMINAR PACKAGE There pre 1000 and 1 details to organising a successful seminar. Leave the 1000 details to us, the one you have to do is to call our Banquet Manager on *****66 Ext 198. For a minimum attendance of 20 persons, we offer you a very special package at
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  • Page 4 Advertisements
    • 226 4 At last=Management Diaries you can send to your clients which enhance your company image. Tien Wah Press 1985 Management and Slimline Diaries. Not just another diary but a Prestige Gift Set. Finished in Bonded Leather with Gold Corner Mounts. Gold Stamped with your Company Name and/or the Individual Names of
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    • 93 4 The best reason for a Japanese meal today is tne famous Nadaman. V A 4 The art of Japanese cuisine, with its emphasis on subtlety of taste, aesthetic appearance and traditional ways of serv ing, finds its highest expression here at the famous Nadaman restaurant in the Shangri-La. Set lunch
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  • Page 5 Advertisements
    • 11 5 Pan Am Clipper Class. More Seat room. More Legroom. More Space.
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    • 151 5 REGENT Vi m i 5^ m KegenM 4 fr 2* IF V 5W RS 1 Wella International has extracted individual scientific ingredients and combined them effectively with Mother Nature's own herbal extracts. Pantothenic acid, is combined with these active ingredients: herbal extracts of melissa, birch, stinging nettle and arnica to
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  • Page 6 Advertisements
    • 124 6 Taking a big leap forward... f u MP ■I 5 J *L i J. frffruiiM M A v -Ov ii y 1 :ts^«iW#iWSP N* ***3 JL +&j> Aft > ■-t s*« *> mqm:- *p 0 k ni "V -v •o •r* -5^ c v* x u S^; Opportunities and services
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  • BANKING AND FINANCE
    • 508 7 SINGAPORE: The US dollar closed slightly lower against most major currencies yesterday due to some European selling in the afternoon. Trading was thin partly due to month-end factor and with most operators awaiting the release of US July leading indicators. The dollar closed slightly weaker at 2.8785 95
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    • 247 7 Interbank rotes at 3pm Currenciea Nomiiwl ra tM Smithsonian quoted yesterday crooe partly change Local dollars to one unit of foreign currency: US dollar 2 1520 2 1530 2 8196 -23 68 Sterling pound ***** 2 8225 7 3469 -61 63 Australian dollar 1 8345 1 8375 *****
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    • 36 7 THE Monetary Authority of Singapore has invited banks and discount houses to tender for $130 million 91-day Treasury bills. The tender closes on Aug 31. Each tender must not be for less than $250,000.
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    • 130 7 THE OVERNIGHT rate rose by 7 s-point to close at BVa per cent on the Singapore interbank market yesterday. Term rates for the two and three-month maturities eased by 1/16-point each, while the one-month rate slipped by V» -point compared with Tuesday's closing levels. S$ interbank rates at
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    • 262 7 SINGAPORE Futures closed slightly firmer in moderate trading yesterday. December, the only traded contract with a turnover of 574 lots closed at U*****.60 an ounce against New York's $358.50/358.90 close. HONGKONG The metal closed steady at U*****.90/349.40 an ounce against New York's close of $348.25/349.25. On the local market,
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    • Article, Illustration
      323 7 Asian market ASIAN dollar deposit rates closed steady yesterday at earlier levels in quiet trading. Short-dates weakened between 1/16 and 3/16 point at the outset due to a lower US federal funds rate and were unchanged thereafter with overnight closing at ll 5 11"» and week fixed at 11 3/
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    • 562 7 Reuter MOSCOW Narodny yesterday launched a US$5O million floating rate note (FRN) issue,becoming the first Soviet borrower in the Eurobond market and the first bond issue for foreign investors since the Russian Revolution in 1917. The managers say Moscow Narodny has paid a modest premium
      Reuter  -  562 words
    • 445 7 Reuter MEXICO's latest financial restructuring accord could have sweeping consequences, by not only serving as a model for other nations but also by lessening pressure on banks to adopt more radical refinancing schemes. Bankers say the unprecedented deal, which still has to
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    • 159 7 Reuter AMERICAN Treasury Undersecretary for Monetary Affairs Beryl Sprinkel says the outlook is "bleak" for the resolution of Poland's debt problems and even payment of interest is not likely for many years. In a report to a board meeting of the agriculture department's
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    • 107 7 FT CHARLES Knapp has resigned as chairman and chief executive of the troubled Financial Corporation of America (FCA). Ever since the FCA announcement that it had been forced by the US Securitiers and Exchange Commission to restate its second quarter results to show a U*****.5
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    • 274 7 UPI TWO OF the biggest banks in the Philippines, the Bank of the Philippine Islands (BPI) and Family Bank and Trust Co have announced plans for the largest merger in Philippine banking history. BPPs acquisition of Family Bank will make
      UPI  -  274 words
  • Page 7 Advertisements
    • 66 7 N.M. Rothschild Sons (Singapore) Limited. Indicated Deposit Rates A Call ***** 1 US$ (Minimum balance US$10,000) MONEY ON CALL ACCOUNT 10V2 1 WEEK 113/g 1 MONTH 113/ 8 2 MONTHS 111/2 3 MONTHS 111/2 6 MONTHS 113/ 4 9 Battery Rd #01 -02, Straits Trading Building, Singapore 0104 Telephone: *****1.
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    • 182 7 THERE'S NOTHING WE CAN TELL YOU ABOUT THE EQUATORIAL THAT YOU DON'T ALREADY KNOW r- EXCEPT, PERHAPS OUR LITTLE GESTURES THAT HAVE BECOME ATRADTTION. You probably know about our 3(H) furnished rooms and suites, our famous restaurants, the Kampachi, the Golden Phoenix and the (!halet, our freshly-brewed Espresso Cx»fTee at
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  • FEATURES
    • 505 8 THE AGE of round-the clock futures trading has finally arrived. The go-ahead for the link between the Singapore International Monetary Exchange (Simex) and the Chicago Mercantile Exchange, finally granted by the US Commodity Futures Trading Commission, has removed the last obstacle to this important development which
      505 words
    • 1131 8  -  By LIM SOON NEO AT 64 Datuk Ng Quee Lam, one of the few remaining rubber kings in Singapore, has plenty of bounce left to carry on doing what he likes best dealing day and night. He firmly believes that Singapore's role as one of
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    • 213 8 letter to the Editor Dear Sir, "Never look a gift horse in the mouth" goes the proverb, but sometimes it is unavoidable. One gift horse which invites closer inspection is the admirable proposal to compensate owner-occupiers of residential property at current market value in compulsory acquisition
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    • 526 8  - The mating dance China's answer to a social ill By JOHN RODERICK AP THE SAXAPHONES wailed and the trombones went "unh unh unh" as factory workers in their thirties whirled around the dance floor of the Youth Palace on singles night. The heat was oppressive but the young men and
      AP  -  526 words
    • 706 9  -  By JOHN NGAI Reuter THE RISE of a new crop of young leaders in Taiwan has accelerated the process of a smooth transfer of power to a younger generation, according to political analysts. They said the Nationalists, who have ruled the island since 1949, have given
      Reuter  -  706 words
  • Page 8 Advertisements
    • 28 8 vmiatfifiilfttic'nb to NEC Singapore Pte. Ltd. <m tfie cetxtMtm cf fAe ofimmta tfiei/i J\/ew Wcwtc/mcd 38, Ang Mo Kio Industrial Park 2, Singapore 2056. A<mt OHBAYASHI-GUMI, LTD SINGAPORE
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  • Page 8 Miscellaneous
    • 674 8 mmsmb CRYPTIC PUZZLE ACROSS I Beatrix at the wheel? (6) 7 Joe's relation? (5, 3) 8 Like a sign of being way ahead (4) 10 Works as charlady for family groups out East (6) 11 View of a spectacle (6) 14 Took fish, perhaps, out of water! (3) 16 Name
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  • SPORTS
    • 558 9  -  By JACK CAVANAUGH Reuter BRITAIN'S Jo Durie, a surprise semi-finalist last year, became the first seeded player to lose in the US Open tennis championships on Tuesday when she was upset 6-2 57 6-4 by Anne Minter of Australia on the
      Reuter  -  558 words
    • 358 9 UPI MOOfQE WILSON belted a two-run homer in a threerun fifth inning on Tuesday that carried Walt Terrell and the New York Mets to a 5-1 victory over the Los Angeles Dodgers. Although the Mets won their third straight,
      UPI  -  358 words
    • 332 9 AFP GOLF, one of the most bourgeois sports in communist-ruled China has become officially rehabilitated. The country's first new golf course in 35 years was opened at the weekend with a couple of fresh air shots and a topped ball by Sports
      AFP  -  332 words
    • 183 9 AP GOLFERS at the Eagle Bluff Golf Club in Iron wood, Michigan, must watch out for a new hazard four playful foxes with a yearning to play with golf balls, a club official said. "They steal the balls off the course and carry them near
      AP  -  183 words
  • Page 9 Advertisements
    • 208 9 Takugin One of Japan's Leading Banks Opens Branch Office Today A rfzJj m-t o rvc P I Hong Kong Singapore Branch Office 65 Chulia Street, #13-05 0.C.8.C. Centre, Singapore 0104, Singapore Phone: *****55 Telex: R*****4 General Manager: Mitsuya Shida For a number of years, the Hokkaido Takushoku Bank, Ltd. has
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  • Page 9 Miscellaneous
    • 981 9 I W [iiaCDCKU I HIGHLIGHTS Thursday Feature Special: Ruckus 9.15 pm, Channel 5 Lonely, misunderstood stranger meets lonely, sensitive, grief-stricken widow in. Modoc County. Both help each other overcome the negative aspects of their characters against the background of the town's hooligans who are determined to run the stranger out
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  • Page 10 Advertisements
    • 377 10 n SS' MM ra Member of Par liament for Jalan Kayu and Deputy Speaker. > comput, <- > VV* vJf w' p?? >v^ -r < > Iy* 4 sfSSSfc -at**** 4-» ass ptesfi^pSl *A jIBB V V_ v Vx:>'. <■' i i iiic \j. -v. il 1 BaSaa -w**i t
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  • Page 11 Advertisements
    • 450 11 From Left to Right: Dr. Atsuyoshi Ouch/, Vice-Chairman of the Board; Dr. Koji Kobayashi, Chairman of the Board and Chief Executive Officer; Dr. Tadahiro Sekimoto, President. GsC —Computers and Communications NEC Corporation has always believed that automation effectively raises productivity and lowers business costs. Through the integration of computers and
      450 words

  • INTERNATIONAL STOCKS
    • 273 12 Reuter AB Electrolux is likely to overcome objections by foreign creditors to the financial terms of its bid to acquire control of Zanussi SPA, Italian bankers say. The two companies signed an agreement at the weekend under which Electrolux would initially take a
      Reuter  -  273 words
    • 206 12 Reuter BARCLAYS Bank PLC expects a large rise in US profits over the next two years, according to a Barclays spokesman. He was commenting on a report in the Daily Telegraph newspaper which was based on an interview with Brian Pearse, head of
      Reuter  -  206 words
    • 304 12 UPI THE stock market registered a broad-based gain on Tuesday thanks to a late burst of buying but trading was slow prior to the long Labour Day holiday weekend. Analysts say a mild rebound in the bond market indicates investors expect the
      UPI  -  304 words
    • 180 12 AUG 2< C$ Imp Oil 41* 1 Abitib. 31 hco 15* unch A Icon 37'* unch Int Pro* Pipe 31* Algomo 21V* Int Uts 25* unch Bonk Mont 23 Intl (shekel Bonk Novo Scotia 12 Kerr Add 16* Bell Tel 33*4 unch Lobtaw B 16 unch BP Con Ltd
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    • 194 12 AUG 28 tond Trust 0k 230 -5 Un Steel 107 2 INDUSTRIALS Unrsec 495 unch A Alpha 750 unch WooJworth ***** Aberco#n 150 unch MININGS AE And CI 790 unch 2300 70 380 5 Anglvool 2750 50 1720 1200 unch Buff eh 7800 V) ***** 490 IS 200 1050
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    • 688 12 AUG 28 US$ ACF Industrie* Alton Akjmm Alcoa Alegheny Lud Alked Chem Cp Afced Stores Alis-Chalmers Am Brands Inc Am Broadcast Am Con Co Am Cyonormd Am Elec Pwr Am Express Am Home Prod Am Motors Cp Am Natural Gos Am Tel Tel Amax Inc Amerodo Hess AMF
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    • 903 12 Amsterdam AUG 28 Fh ABN 294 00 -4 5 Aegon 118 90 1 6 Ahold 192 00 1 5 Akzo 93 50 0 2 AMEV 159 50-05 Amfoi Amrobnk 5590 +03 B«rV 35 90 unch Boh 91 00 -2 Bonumi 240 00 +2 Boiko 25 10 -0 6
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    • 29 12 Reuter STOCKBROKER Hoare Govett is negotiating to acquire a 14.9 per cent stake in Aussie brokers Mcintosh Griffin Hamson Wallace Smith and Co. Reuter
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  • Page 12 Advertisements
    • 228 12 A i i m> ■I T ilMKlfl! mt %-PkyS. IM *7d The Summer fa lace pwuJlv fw*nfc. a spn ul lunchnn menu YJe can think of sixteen reasons why wu should try our unique new menu... Braiseil fish maw soup with crab meat. braiseii fungus soup with assorted meat, braised
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    • 149 12 i Spectacular Double Bill Cedric Debbie Kattiy Los Amors excitement hits ROBIN'S TAVERN Two popular groups entertain from 5 15 p m onwards A single group performs on Sundays and Mondays Order a glass of White Horse Whisky, Be« Whisky, Seager Gin, A A. Bisquit VSOP and qe< a second
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    • 114 12 f;zs.«m ima mm *.s«* 7 The President Lounge presents Ttusuxd smuts vft/utfuj/tfoujala A 11k \ighungalcv a captivaling all-prl hand from I am an will sing vour tavounie numbers while vou unwind atlrr a hard dav's »ork with a favourite dnnk Relax with The Nightingales and Ihr New Sensations our throbbing
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    • 120 12 mmmwm «r* i mm. mil >'■ jW? Tfrand Enjoy Our Prompt Efficient Service In Cool, Quiet Cosy Atmosphere WESTERN/CHINESE/ LOCAL CUISINE Banquets Cater For Lunch Dinner Meetings Wedding Occasions, Birthday Parties At $16/- Onwards Per Person or Other Occasion With Function Rooms (Free of Charge) For 60 And Above. Taped
      120 words
    • 67 12 London stocks, Page 17 Feng Cheng Lou for the best Teochew food in town. Discover mouth-watering delights prepared by Hong Kong chefs. And feel like royalty while you dine in Oriental splendour. Open daily from: 12.00 noon 3.00 pm for lunch and 7.00 pm 11.00 pm for dinner CRown ®WNCE
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  • ASIAN STOCKS
    • 386 13 HONGKONG: Stocks marked time to close narrowly mixed, reflecting subsidence of institutional interest and a lack of fresh factors. The Hongkong Bank's interim results, showing steady growth in net profits to HKH.O2 billion from $964 million in same period last year, were within expectations and had little impact. The
      386 words
    • 262 13 AUG 29 A1 Sincere Indus NT 7 50 26 60 unch 0.6 Chem Indus Lien Hwa Indus Nan Yo Plas 21 00 +0 3 14 30 -0.1 31 70 +02 28 20 0 3 Cathay Cons Chong Hwa Bank 29 30 60 SO 24 40 0 1 0 5
      262 words
    • 458 13 TOKYO: Share prices closed marginally higher in active trading as fresh buying in steels and domestic industry issues more than offset profit taking in blue chips and populars, dealers said. The market average rose 4.70 to close at 10,579.89 after the previous day's 6.47 gain on volume of 400
      458 words
    • 73 13 Aug 29 Bonk Seoul Won 661 -9 Hyundai Motor KAL 635 518 +9 +7 Choheung Bk Commerciol Bk Doefcm Irvd 615 670 550 -5 -5 -19 Korea Oil Korea Sh*> 1190 408 7 unch Daewoo Corp 508 621 1 -9 768 +2 670 28 940 5 783 2 1340
      73 words
    • 432 13 SYDNEY: Australian sharemarkets closed easier in subdued business with traders uncertain due to a lack of firm signals from abroad, brokers said. At 1515 local time, the all ordinaries index was 3.5 points lower at 735.7 points. National turnover was 29.3 million shares. Leading resource issues came under selling
      432 words
    • 141 13 BANGKOK: Share prices closed higher in sluggish trading as the book club index rose 0.17 to 119.57. Turnover rose to 294,540 shares worth 37.6 million baht from 293,021 worth 21.4 million baht previously. Declines led advances by a three-to-two margin. AUG 29 lefcti S«om City Cement Ayuthoyo tnv Soutti
      141 words
    • 122 13 MANILA: Share prices closed mixed in trading that was dull because of the tight economic conditions in the Philippines, dealers said. The commercial and industrial index was up 0.05 to 111.92, the mining marker fell 11.18 to 966.16, and the oils index rose 0.003 to 0.683. AUG 29 '•v*
      122 words
    • 57 13 AFP THE JAPANESE group Mitsui has opened a branch office in Helsinki. Mitsui exports Finnish products to East Asia and imports Japanese steel, plastic, chemical products and telecommunications equipment into Finland. Last year Mitsui recorded sales of 430 billion Finnish marks, a figure six times
      AFP  -  57 words
    • 421 13 FT THE HONGKONG and Shanghai Banking Corporation (HSBC) has described its latest interim results as "not miraculous" and said they compared favourably with those of the "Big Four" British banks and of banks in the US. For the six months to June 30,1984,
      FT  -  421 words
    • 130 13 Reuter HARBOUR Engineering Co plans a reverse takeover of Its parent company, Shal On (Holdings), through the issue of SBt million new 59 HK cent shares, says the chairman sf Harbour Engineering and Shal On, Vincent La. Shnl On naw owns 18.7 per cent of Harbour
      Reuter  -  130 words
    • 214 13 Reuter JAPANESE carmaker Mitsubishi is taking the lead on a proposal for a joint production venture with Chrysler Corp. Executive vice-president Bennett Bidwell says that Mitsubishi is working on a proposal for the companies' "so-called Circle C project," which aims at producing
      Reuter  -  214 words
  • Page 13 Advertisements
    • 465 13 c Wffiset to wlae, ilae and entertain I£jMt<:&J c <f&*~ < ■z-.jfr*' -m -.V"I' jll? Selected US Prime Beef Cuts. Continental and Game Specialities in a hunter's lodge setting. BUSINESSMAN'S LUNCH. Monday to Friday $26.50 10% service charge 3% CESS SUNDAY BRUNCH $24.00 10% service charge 3% CESS $12 00
      465 words
    • 113 13 GOFFEE GARDEN/ we serve jjoa poaod the clock m I Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, youll find our staff friendly and efficient, our food appealing: and delicious. Try our famous claypot specialities, Hainanese chicken rice
      113 words

  • RAW MATERIALS
    • 549 14  -  Jakarta country finds it hard to meet world expectations By MICHAEL NEILL MOUNTING PRESSURE on Indonesia to follow Malaysia and quickly make an estimated £11 million financial contribution to the Sixth International tin Agreement (ITA) is indicative of the current isolation of the world's second
      549 words
    • 177 14 Reuter COFFEE PRICES rose on commodity markets yesterday following frosts in Brazil that has damaged part of next year's crop. Brazil is the world's main coffee grower and exporter and temperatures in the Parana region fell to as low as -2 degrees
      Reuter  -  177 words
    • 71 14 AFP TWO INDIAN botanists have produced tea plants in testtubes using a tissue-culture technique which could make it possible to obtain a large number of identical plants in a short time. Mina Kumari Phuan and GCMitra of the Calcutta University Centre for Advanced Study in Cell and
      AFP  -  71 words
    • 156 14 Chinese Produce Robusto 20/25% Exchange FOB NSW 487 50 (Sellers' noon dosing prices on Aug ?9 tt/inm.i Nutmeg 110 FOB NSW 363 00 ■—w B W FOB NSW 256 00 Coconut oil Bulk FOB 192 00 Gombier 305 00 Old drum FOB 205 00 FOB NSW New drum
      156 words
    • 280 14 Singapore (SS/kilo, ei-godown) C-1 special C-t Ordinary Loonzam 100% unq unq Thai white first grade unq 100% 1st class 100% second grade 270 (kangaroo) 1 05 077 100% third grade unq' new crop 100% 2nd class Parboiled 275 100% 3rd doss 075 5% 25% new crop No stock 10%
      280 words
    • 164 14 Yarn (In HK$ per bolt of 400 lb) Hongkong Golden Peak, 60 x 60 115 50 China carded yarn, cones White cloth Blue Phoenix 16'* 3,400 Japon No 10,000 Blue Phoenix 20's 3,500 Three Peoches 221 50 Blu« Phoenix 32's 3.820 Japan No. 2003 Unq Bkje Phoenix 40's 4.300
      164 words
    • 90 14 THE Straits tin price in Peuaug yesterday remained at the ITA floor level of M 129.15 per kg, reflecting continuing lack of demand. Hie poor demand was attributed to Penang's premium of £391 per tonne over the price is London. The BSM was again the major buyer and
      90 words
    • 129 14 MALAYSIAN crude palm oil prices closed slightly firmer on further covering and speculative buying interest yesterday. Interest again centred on September position, with north and south regions rising M 57.50 and $5 respectively to $962.50 per tonne. Futures closed slightly higher on covering in line with the rise
      129 words
    • 85 14 WHEAT futures eased from mid-session highs to close mixed in light trade on the Chicago Board of Trade on Tuesday, ranging from up two cents per bushel in December to off Vi cent in new crop July. Commission houses and professionals spread wheat-corn after going the opposite way on
      85 words
    • 82 14 SOYBEAN futures rebounded slightly on Tuesday on the Chicago Board of Trade from the lows but still closed weak, down 8V« to five cents per bushel with November posting a 15 Vi cent range. Refco, a spreading house and Conticommodities were the featured sellers of November on the day,
      82 words
    • 893 14 COFFEE Robusta futures yesterday finished a fairly quiet session £2 a tonne above to £7 below Tuesday night. November traded last at £2,433, unchanged from Tuesday's final bid, but down from an early high of £2,448. The market opened with gains of some £10, in line with New
      893 words
    • 185 14 SINGAPORE The market closed higher yesterday with September One RSS buyers quoted at 193.00 cents per kg. The morning session opened unchanged. It eased initially on speculative selling and picked up at noon. MALAYSIA The market closed firmer yesterday with September One RSS buyers quoted at 221.50 cents per
      185 words
    • 331 14 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sclltn Buyers S#llef$ Int 1 RSS prompt 189 50 190 SON 190 25 191 25N Int 1 RSS Sep 192 50 193 00 193.00 ***** Int 1 RSS Oct 197 50 198 00 198 00 198
      331 words
    • 104 14 (m cents/1 ton pallets) September October (current mth) (forword mth) NOON NOON RAS Buyers Sellers Buyers Setters SSR 20 193 50 195.SON 195 50 197 50N SSR50 19) 50 193.50N ***** 195 50N MRELB Buyers Sellers Buyers Sellers SMR CV 23) 50 233 50N 233 50 235
      104 words
  • Page 14 Advertisements
    • 307 14 ifJLfjudi ARAB BANKING CORPORATION (8.5.C.) Consolidated Balance Sheet 31st December 1983 1983 UBs (OOO) 1982 use (ooo) Consolidated Statement of Income and Retained jtrnin^ For the year ended 31st December 1983 Auditors' Report To die Shareholders Arab Banking Corporation (8.5.C.) We have examined the consolidated balance sheet of Arab Banking
      307 words

  • SHARE INFORMATION
    • 4314 15 A SLIGHT improvement in the overnight Wall Street coupled with buying interest in anticipation of the new settlement period beginning tomorrow, lifted most share prices at the Singapore stock market yesterday. At the final bell, the BT Composite Index rose 4.12 points
      4,314 words
    • 280 15 SINGAPORE Rises Ambouodor 920 F E LimgttM 370 UOI 410 S f Tntite 358 Von Dot Hoot 279 F ft N 590 Strotfl Trodmg 560 Sport Land 406 Kotfcanom Msto 326 J Cdimt 280 N S T 770 M Brewer tot 710 Falls Ml Ptoosure 50< 180
      280 words
    • 508 15 A LATE BOUT of buying helped share prices to recover some of their earlier losses for a mixed close at the Kuala Lumpur stock market yesterday. Trading, however, remained quiet as investors continued to stay on the sidelines. Turnover dropped further to 4.51
      508 words
    • 3368 15 BID and offer prices officially listed and business In and reported to the Stock Exchange of Slnfapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified All Time SetUement Contracts are quoted after the word SETT"
      3,368 words
  • Page 15 Advertisements

  • COMPANY NEWS
    • 559 16 THE Malaysian government is likely to retain only 30-40 per cent of the equity of Malaysian Airline System (MAS) when the airline is privatised by 1986. The major portion of the airline's shares will go to the Malaysian public. MAS
      559 words
    • 574 16 PERMODALAN Nasional Bhd has disclosed for the first time the different approaches it adopted in the takeover of three huge foreign-owned companies two plantation and one mining. The companies were Guthrie Corp, Harrisons Malaysian Plantations Bhd and Malaysia Mining Corp. For Guthrie, PNB's general manager
      574 words
    • 230 16 Managers' prices for Aug 30 Singapore Unit Trust The Commerce 3 09 3 28 The Savings Fund 1 93 2 05 S'pore Prog Fund 138 146 S'pore Sec Fund 2 02 2 14* S'pore Invest Fund 120 1.27 S'pore Equity Fund 137 145 Asia Unit Trust Second B'putro
      230 words
    • 131 16 MPH Investments (S) Pte Ltd has purchased another 6,000 shares in Hotel Tai-Pan Ltd for $5,730 on Aug 24, 1984. MR ONG BEE KOK will be leaving his office as an executive director of Industrial L Commercial Bank Ltd but will remain as a director of the bank.
      131 words
    • 102 16 HONGKONG Australian Industrials Hang Seng Index Wednesday 1027 1 Tuesday 1026.3 Wednesday 897 59 Week ago 1041.0 Tuesday 898.91 NEW YORK Dow Jones Week ago 907 99 TOKYO Tuesday 1232.11 Monday 1227 92 Tokyo Dow Jones Week ago 1239.73 Wednesday ***** 89 Tuesday *****.19 Standard and Poors Week
      102 words
    • 315 16 THE DEPRESSION in the local hotel industry has finally taken its toll on Hotel Royal Ltd which operates the 331-room hotel of the same name at Newton Road. For the six months ended June 30, 1984, Hotel Royal saw its group pre-tax earnings
      315 words
    • 2419 16 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified INDUSTRIALS Ajinomoto (3 806 3 90S) Alcom (2 088) (3)
      2,419 words
    • 269 16 By HOCK LOCK SIEW SINGAPORE Land is an interesting stock situation. In mid-April this year, Singland's share price fell down through a nine-month distribution rectangle pattern, AB:CD, with such a bearish force that the counter lost nearly $1.50 in just two weeks. Note that this down draught
      By HOCK LOCK SIEW  -  269 words
    • 109 16 PAN Malaysia Cement Works Berhad: 21st AGM on Aug 30 at 11am in MUI Plaza Conference Centre, 1st Floor. MUI Plaza, Kuala Lumpur. SELANGOR Dredging Berhad: 23rd AGM on Aug 30 at llam in Registered Office. Wisma Teh Wan Sang, 2nd Floor, 12-B Jalan Bandar, Kuala Lumpur. MALAYSIA
      109 words
    • TAKING STOCK...
      • 590 17 By HOCK LOCK SIEW SO, UNITED Industrial Corporation's takeover of Hongkongbased Tai Sang Land Development did not go through, as this columnist had expected. But the dust is far from settled. Any aggrieved party in a hostile takeover bid would not let the matter rest. What
        By HOCK LOCK SIEW  -  590 words
      • 440 17 DATUK KK SHARMA'S sale of a 9.94 per cent stake in Ambassador Hotel Ltd has apparently triggered off renewed interest in the hotel company's stock. The counter rose a substantial 70 cents to close at $9.20 yesterday on a solitary deal. Datuk Sharma's sudden and baffling move
        440 words
    • 983 17 SHARES closed higher yesterday on growing confidence drawn from the mixed support for the UK ports strike. News that dockers from Tees port, one of Britain's largest cargo ports, have decided to return to work helped sentiment further, dealers said. At 3.30pm, the FT-SE 100 index was up
      983 words
    • 324 17  -  By CHAN MAY PENG SELCO Salvage Ltd, a subsidiary of the aggressive Pan-Elec-tric Industries group, is keeping itself busy in the war-torn Gulf region. Selco Salvage and Smit International, which is the world's largest salvage and towage group, have jointly secured
      324 words
    • 35 17 FAR Eastern Bank Ltd is now a subsidiary of United Overseas Bank Ltd. UOB has just completed the acquisition of a 50.13 per cent stake in Far Eastern Bank.
      35 words
    • 594 17  -  By NAJEEB JARHOM THE WORST is yet to come for the expansionists Keppel Shipyard group, which yesterday unveiled its most disappointing half-year results since 1978. A whopping interest expense of $45.57 million, on loans taken mainly to finance the $408 million
      594 words
    • 295 17  -  By CHAN OI CHEE GROWTH Industrial Holdings Ltd has benefited tremendously from the bumper earnings of its associated company, PanElectric Industries Ltd. For the half year to June 30, 1984, the GIH group recorded a creditable 73 per cent Jump in pre-tax profits to $6.1
      295 words
    • 48 17 KUALA LUMPUR Keprag Bhd s subsidiary in Singapore, See Sun Trading Co (Pte) Ltd, has been in voluntary liquidation since Aug 23. TEXTILE CORPORATION of Malaya Bhd has said that it will proceed with the compulsory acquisition of 1.63 million shares of Grand Ocean Development Bhd.
      48 words
  • Page 16 Advertisements
    • 238 16 Keppel Shipyard limited ilncorpo'atea n tne RepuOnc o' Singapore/ INTERIM RESULTS 1984 The Board of Directors wishes to announce the unaudited results of the Company and the Group for the six-month period ended June 30, 1984. COMPANY GROUP The Group's results of 1983 excluded those of Straits Group. Straits Group's
      238 words

  • Page 17 Advertisements
    • 104 17 ROBERT CHRISTOPHER THE JAPANESE MIND Out of the ashes of World War 11, Japan has risen to become perhaps the greatest economic force in the free world and the most ferocious competitor. Robert Christopher draws on his four decades of intimate knowledge of his subject to make the baffling clear,
      104 words
    • 581 17 Marketing Through Overseas Agents Distributors Singapore, October 25 26,1984 Objectives Participants will acquire a thorough, practical understanding and working knowledge of problems (and solutions) in managing overseas representation networks. Effective guidelines will be offered in all aspects of alternatives available to develop business abroad through others. Training Method A full
      581 words

  • 508 18  -  By LEE HAN SHIH SELLING PRICES of detached, semi-detached and terrace houses are on their way down, although terrace houses show better staying power than the rest. A government survey released yesterday shows that this surprise twist in the values of such properties, once thought
    508 words
  • 250 18 DEVELOPERS IN Singapore have predicted that the granting of additional time for the completion of projects would ease the property glut. Welcoming Sunday's announcement of the concession by the Minister for National Development, Mr Teh Cheang Wan, the Real Estate Developers Association of Singapore (Redas) said the
    250 words
  • 281 18 FOREIGN maids in Singapore will be wise to open bank accounts if a government move to insist that their salaries be paid by cheque comes into force. The move is being considered by the Ministry of Labour as a way of preventing employers
    281 words
  • 272 18 UPI BRITISH POLICE arrested more than 100 striking coal miners from picket lines yesterday and dock workers demonstrated at various ports in an effort to keep a national dock strike from collapsing. At the Killoch pit in Ayrshire in southwestern Scotland, police
    UPI  -  272 words
  • 339 18 Reuter HONGKONG'S unified stock exchange (USE) may secure its new premises and begin trading several months earlier, than expected, chairman Ronald Li said. He said trading may start by end-1985 or early 1986, instead of mid-1986 as previously expected. Mr Li said
    Reuter  -  339 words
  • 130 18 Reuter HONGKONG had a HKJ32I million trade surplus in July, against deficits of $237 million in June and $613 million in July 1963. The Hongkong Census and Statistics Department said July exports were $13.09 billion with re-exports at $7.04 billion and imports
    Reuter  -  130 words
  • 73 18 AP MODERATELY strong earthquakes with a magnitude of 5.2 on the Richter scale on Monday injured 123 people and damaged 350 homes in the district of Tapanuli, North Sumatra, the meteorological agency said in Jakarta yesterday. The agency said a belated report from the province said
    AP  -  73 words
  • 327 18 THE JAPANESE have been misunderstood and unfairly criticised for their insensitivity towards Malaysia, Japanese businessman T Kitahara said in Kuala Lumpur yesterday. Mr Kitahara, chairman of the trade and investment committee of the Japanese Chamber of Trade and Industry Malaysia, said comments from the Malaysian
    327 words
  • 322 18  -  By LUCY NG A LOCAL manufacturing company is looking into a more flexible schedule for its office staff later this year. In November or December, staff at Demetron, a German electronics company, may be able to choose when in the morning
    322 words
  • 255 18 AFP THREE Indian opposition parties yesterday announced the launching of a new party as a vehicle to unseat Prime Minister Indira Gandhi in the coming general elections. The alliance would be similar to the one that toppled Mrs Gandhi from power in the 1977
    AFP  -  255 words
  • 103 18 AFP TOO HIGH prices, unsatisfactory service and too few good resorts were threatening China's mushrooming tourist industry. Mr Wang Yueyi, deputy director of China's Tourism Office said this in a national conference on tourism held in Beijing recently, the English language China Daily said yesterday.
    AFP  -  103 words
  • 71 18 WALL Street stock prices were higher in early trading yesterday as investors reacted to a decline in the US leading economic indicators for July. The Dow Jones Industrial Average was up about V/% points to under 1235. Overall, gainers held about a two-to-one lead over losers. Volume
    71 words
  • LATE FILE
    • 33 18 Reuter THE 39,349 dwt Singaporeowned oil tanker, Golden Gate Sun, was refloated yesterday by tugs and a rising tide after running onto a mudbank in Port Phillip Bay near Melbourne.
      Reuter  -  33 words
    • 58 18 AP CHINA will announce major financial reforms in 1984 and 1985, including more flexible tax policies for projects involving foreign investment and on infrastructure projects in the 14 coastal cities which China last April announced it would open for overseas investment, the New China News
      AP  -  58 words
    • 40 18 Reuter IRAN has failed to pay quarterly interest of 2.6 billion yen on a Japanese loan for a joint petrochemical complex in Bandar Khomeini, the Japanese partner in the venture, Iran Chemical Development Co., reported.
      Reuter  -  40 words
    • 57 18 Reuter AUSTRALIAN Prime Minister Bob Hawke said yesterday his country was committed to a nuclear-free zone in the south Pacific, but added the Anzus defence treaty linking Australia, New Zealand and the US must continue. Australia would continue to welcome visits by US nuclear-power-ed ships, now barred
      Reuter  -  57 words
    • 64 18 AP CHINA raised 22.6 per cent more taxes and other domestic revenue in the first half of 1964 than it did in the same period a year ago. In 1983, domestic revenue totalled 121.1 billion yuan (now worth about 51.5 billion dollars), and Finance
      AP  -  64 words
  • Page 18 Advertisements
    • 6 18 Complete standstill at 24 ports...Page 5
      6 words
    • 317 18 Productivity Measurement For Blue Collar Work MTM-X system Is proven in applications where the distances of objects and locations are variable and sometime unpredictable. It is a useful, fast and powerful standard setter for production work, maintenance work, store work, materials handling, machine operation as well as clerical work in
      317 words
  • Page 18 Miscellaneous
    • 55 18 Outlook for todoy: Portly cloudy; showers in many oreos in the morning. Report for 24 hours prior to 7 30pm on Aug 29 at the airport: Maximum temperature 31.4 Associated humidity 71 Minimum temperature 25.0 Associated humidity 92 Hours of sunshine 6.70 Rainfall in millimetres Troce Rainfall this month 102.2
      55 words

  • SHIPPING TIMES
    • PORTSIDES
      • 73 19 Reuter A SINGAPORE-owned oil tanker, the 39,349 dwt Golden Gate Sun, ran aground at the entrance to Port Phillip Bay in Victoria early yesterday. Police said the vessel was entering the bay after a voyage from New Zealand when the incident occured, injuring one person but without
        Reuter  -  73 words
      • 57 19 Reuter INDIA'S Vishakhapatnam Port on the south coast is being expanded to handle cargo ships and tankers of up to 250,000 dwt, compared with 150,000 dwt now. A Shipping Ministry source said the expansion was likely to be completed by next March. The average ship handling capacity
        Reuter  -  57 words
      • 79 19 IRAN AND Japan have signed a US$6.6 million contract for the construction of nine floating docks for Iran's southern ports and islands. The docks, to be delivered in nine months, will provide safe and low-cost transport for passengers and goods, as well as light and heavy vehicles,
        79 words
    • 365 19  -  By G DURAIRAJ THE MALAYSIAN International Shipping Corporation (MISC) has taken a majority stake in Peninsular Shipbrokers Sdn Bhd to complement the corporation's shipping operations. The shipping corporation had taken several measlres to increase profitabily over the past few nonths. It said that having
      365 words
    • 395 19 AMERICAN President Lines has come up with a new bill of lading form designed to accomodate all types of international sales contracts. The Oakland-based line said it worked for more than two years with the National Committee for International Trade Documentation, and other carriers
      395 words
    • 673 19 Shipping Uw Col Afea VI 3 Ahrenkiel Liner VII 5 Alphatrons VI 4 Alpoc VI 5 Antoro Shpg IV 1 A PC Line V 4 APL 4/5 ASCL M 1 Asiobroker V 5 Austosia Line V 1 Bolt-Orient VI 4/5 Bangkok Coot VI 2 Bonk Line V
      673 words
    • 875 20 Chang Yung Fa The man who steers Evergreen THERE ARE two giants in the. container liner industry.'Both are implementing round-the-world services thi£ year and both are near recluses. Chang Yung-Fa, chairman of the Evergreen Grpup, is one of them. Mr Chang's right-hand man, Mr C L Lim, told Seatrade magazine
      875 words
    • 191 20 THE MAJOR shipping consortia operating between the Far East/Europe, Far East, Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line.
      191 words
    • 1827 20 THE MAIN point of interest on the freight market on Tuesday was the response of dockers to the call by the Transport Workers Union for a strike over the union's dispute with British Steel regarding the unloading of the bulk carrier Ostia. Dockers at some ports have voted
      1,827 words
    • 251 20 UPI DELIVERY of several thousand dollars worth of food was arranged on Tuesday for the hungry crew of a 60,000-ton Taiwanese freighter marooned off the northern California coast for a month by financial troubles. The San Francisco agent for the ship, the bulk
      UPI  -  251 words
    • 335 20 UPI A CYPRIOT freighter with a 23-men crew is stranded off the coast of Mexico, a gaping hole ripped in its bow by Hurricane Lowell early this week. Coast guard C-130 planes are circling overhead, awaiting the arrival of rescue ships about 1,448 km
      UPI  -  335 words
    • 115 20 THE PICTURE above shows a Super Puma helicopter landing onto the container terminal at Southampton, next to the Ben Line containership Benalder. The 19-seat helicopter is being transported by Ben Line Containers to Hongkong, and is one of two Super Pumas being exported by the
      115 words
    • 177 21 ENGINEERING consulting company Parsons Brinckerhoff Quade Douglas has formed a new marine facilities division called Parsons Brinckerhoff Van Houten to spearhead the American company's expansion and growth worldwide. "Recent political and economic developments demand rapid changes and bold ventures in waterfront structures and facilities," says Mr
      177 words
    • 256 21  -  By KINGSLEY WOOD AUSTRALIAN National Line (ANL) is completing a world stock-take of its container inventory. The company believes this to be the most comprehensive stock-take ever carried out by a shipping company. The 10-day task involves tracing, identifying and recording 26,000 boxes and collapsible
      256 words
    • 171 21 THE SINGAPORE Shipping Association and the Indonesian National Shipowners' Association have outlined a working programme for 1964/85 aimed at implementing the Uniform Freight Tariff based on Liner Terms. The two associations held their ninth annual general meeting in Singapore recently, and agreed to work out between them
      171 words
    • 437 21 THE ROYAL Nedlloyd Group made spectacular gains for the first half of 1984, with a clear net group profit of Fls 52.4 million (£12.3 million) sending the group back into the growth path. This is a dramatic turnaround from its poor performance last year, when net
      437 words
    • 399 21 CREDITORS OF Char Ching Line have seized one of the Taiwan carrier's vessels on the US west coast, the Oakland, at the port of Longbeach for nonpayment of bills. The container carriers Long Beach and Portland have been seized in Japan by C Itoh 6
      399 words
    • 5692 26 aeiaßiDgEß A guide to ships loading at Singapore for ports around the world The list below tabulotes, by port of destination, the name of the ship, the shipping line involved and the estimated dates of orrival and departure from the Port of
      5,692 words
    • 692 27 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Chung Lie 407A ***** 2300 C Feeders FSB 1000-1100 Ul B Kemuning 34B35A ***** 2359 Ned-EAC TA 3 1000-1100 PI Prasetia 18SB84 31 8 84
      692 words
    • 1807 27 The leading shipping lines operating from local ports and their agents. A—B AFEA African Shipping Agencies (S). \fr*-KiruU Liar Transgroup (S). Ahreaklel Uaer Service Kim Shpg (S) Alfred C T*epfer Oc-eanus Shipping Agencies (S) Manntex Enterprise (PK) Alptf Intrasea (S> Bintang Shpg (KL) Island Cargo Handling
      1,807 words
    • 401 28 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Donam No 8 37/8 NAPL alongside 30.8.84/1800 Golden Source 23/4 Guan Guan alongside 30.8.84/2300 Kota Megah 44 PIL alongside 30.8.84/1830 Straits Pride 20 SSPL alongside 30.8.84/1830 Wah Fai 27/8 Sin Chiao alongside 30.8.84/0300 Equator IV 22 Thong
      401 words
    • 797 28 AFP AFTER an unconvincing start, with coal and ore providing the only interest, activity picked up on the freight market in the principal grain sectors, where rates maintained their recent steadier trend. The Baltic Exchange Freight Index, which suffered its first decline this month at the beginning of
      AFP  -  797 words
  • Page 19 Advertisements
    • 296 19 HEUNG-A SHIPPING Korea Flag Vsls Regular Liner Semi-Container Service To: P. Kelang/Penang/Bangkok/Keeking/ Busan/Inchon Fm: Busan/Moji/H. Kong S pore Agent: Neptune Agencies Pte Ltd Tel: *****77 P.K. *****4, PN *****5 K.L. *****0 mm LONDON Freights 11/11 l CONSORTIA II SHIPPING Schedule VIII/IX CONTAINER Schedules IX WHO Acts for Whom IX SHIPS
      296 words
    • 407 19 NATIONAL LINE OF BAHRAM, IRAQ, KUWAIT, QATAR, SAUDI ARABIA AND EXPRESS FULL CONTAINER SERVICE UNITED ARAB SHIPPING CO (SAG) SEALORD SHIPPING AGENCIES 70 Shenlon Way 04-02 C Marina Mouae Singapore 0207 Tel *****94 Telei No RS ***** CFS office TPC 03-30 Tel *****31 and *****32 Terminal office TPC 03-29 Tel
      407 words
    • 1059 19 -A or *a coma ran 'Ml ImiP+mi cwurif FULLY CONTAINERISED SERVICE] FAR EAST/EUROPE v n TO M< COMTUWR 41ft 1/9 I/I lM «D FI 'HA/*i U' I n v from *FTW ClTSTkll 1/9 i/i UHOFI/WHK *t«rfv C*OWW MMWE CO (FTC) LTD TCI 2227 M Kl (FO) T# 7?3ott For mora
      1,059 words

  • Page 20 Advertisements
    • 286 20 FAR EAST/EUROPE CONTAINER SERVICE From Europe 3) H'borgl«) Gborg 25/9 27/9 2/10 4/10 9/10 11/10 16/10 18/10 23/10 25/10 30/10 1/11 6/11 8/11 13/11 15/11 Mm Acciptng Fir 1) Barcelona Genoa. 2) Amsterdam. Antwerp. L Havre. Basle. UK. 3) Bremen, Aarhus. Copenhagen, Helsinki Malmo Stockholm Oslo Accepting Europe cargo tor
      286 words
    • 411 20 m Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South WhI Feeder at Tokyo Pacific North Weet Feeder at Kobe Mother VSl I. ALLIANCE TOKYO M A VESSEL vessel Atlantic/Canada Feeder at Kobe IMmt VS. tasbmii N osfr M unsna KMUANO N TOM SAT SO«l 20 10 21/10 24/11 27/1#
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  • Page 21 Advertisements
    • 927 21 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok I QCC Overseas Containers Limited CONT AINERSHIP SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO FOR: Hamburg lo Copenhagen Antes. Gothenburg Makno. Stockholm Hefcidu. Sendertwg Rotterdam to Antwerp. Amsterdam. Oslo Bremeidianen to Bremen Southampton UK regionv Belfast 1
      927 words
    • 893 21 Franco Belgian Services \f+T lai. 4 rrv< wv IB* f%an Far KatLrm I «n*j (MEMBER OF ACE CONSORTIUM) fuu. cowmosw sawct to aim mi cowtwcbht sotwct fmm ewok STOW P. KEIANG It Hawe It dam F Stowe Han B'Mavcn Ant I dam H"bw( B Hjren A warp LtHawt PAaiang S
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    • 61 21 NOTICE TOKO LINE B.V. "SILVER BREEZE" V-t Airi: Utk Aifut MM a. Consignee of all damaged general cargoes ex the captioned vessels are hereby notified that the General Survey will he held on Friday 31st August. 1984 at Jurong Port TS-3 from 10:00 am to 3 00pm No further survvy
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  • Page 22 Advertisements
    • 634 22 n Hapag-Uoyd I" COMTMENT UK EXPORTS BenaMer Liverpool Bay S'pore P Kelang Peng Leutes BAao Genoa HW| Adam B'haven Antwerp Pete fcckmers 15/9 11/9 21/9 15/10 9/10 25/10 22/10 20/10 Connecting in Tokyo Connecting in Kobe "Alm> accepting cargo tor ATLANTIC GULF PORTS via mirnlondbridge, ond US MID-WEST by mtcrobridge"
      634 words
    • 438 22 FULLY CONTAINERISED SERVICE FULLY CONTAINERISED TO FROM NORTH AMERICA WEST COAST •via feeder ten* n S c *H L Beach Oakland Seattle Van BC HK SPORE* KOREAN IACfWON 32t 2 9 IV9 1/10 3/10 610 7/10 ft 10 411 CONVENTIONAL SERVICE To/From BUSAN ETA SP LOADING FOR 7 5/9 BAICAR
      438 words
    • 437 22 EVERGREEN LINE FAR EAST/EUROPt CONTAINER SERVICE ACCFPTMG FCI I LCI CARGOTOR SGP PKL *C «G fll ROM ANN LHV E»e» Gtotx WW 25/00 01/10 02/10 04 10 KlO 07/10 I»«| Gmtri IS W 05 10 11/10 17/10 14/10 15/10 17/10 E*e< Glory MM 15/10 21/10 22/10 24/10 25/10 27/10 also
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    • 1105 22 KIE GWAN SHIPPING (M) SDN. BHD. No 26 A lALAN BfRANGAN PORT KELAMG SEIANGOR MALAYSIA TEL Pin *****? *****5 *****2 *****4.*****2.*****7 H. MALAYSIA/S PORE TO E. MALAYSIA SERVICES: P KIANG tHAII SENANG Kkttu Skan I Datu. Tawau tGAMBf I A Kkblu S kan Tawau lnPt/6 Sept TaTOMOH SATU Kkblu Skan
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    • 310 22 V SI NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Smjapore Loadmf tor 20/9 B Abbas B Abbas B Khomen PORT HUANG PENANG SHOSE MARITMt PTE HO Ul *****44 7 t *****70 MAiOSE MARITMf SON BHD Tel *****2 3 MALAYSIA TRAM TRANSPORT LTD Tel ***** *****
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  • Page 23 Advertisements
    • 803 23 V. VESSEL KOTA WIRAWAN KOTA W ARUM A KOTA RAKVAT KOTA WUAYA KOTA TIMUR KOTA PETANI PIL GROUP VOYAGE E-Sl9 E-S2l E-523 E-52S E-527 E-529 EAST AFRICA/REDSEA SERVICES SINGAPORE LOADING FOR: DJIBOUTI. HODEIDAH, ADEN. JEDOAH. AQABA. MUKALLA HODEIDAH, ADEN. AQABA, PTSUDAN TAMATAVE. D'SALAAM. MOMBASA HODEIDAH. JEDDAH. AOABA, PTSUDAN ADEN. JEDDAH.
      803 words
    • 864 23 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE IOIIIOH Kirama Maru Benaror Honjlonj Eipretl Car*(an Bit Benaldet t ivfrpotf Bay Koetoon Bar Hamtxaj Eipreu Rtwie Maru STRAITS S PORE P KEtANG 21/10 72/10 10 JO 10 UK MM 11/1 20/9 23/9 25/9 2/10 4/10 J/10 11/10 17/10 19/10 24/10 76 10
      864 words
    • 648 23 DJAKARTA LLOYD INDONESIAN NATIONAL LINF Far East S'pore Service FuM Container Vessel Busan Yoko Hot* Kaoh Spore TgPriok hama siuns GOHAVIIW 18 8 21/8 23/8 27 8 |/9 39 MAJAMHH V.12H8 19 8 22/8 1/9 4 9 11/9 13 9 EXPRESS SEMI-CONTAINER SERVICE TO/FROM EUROPE STOW P KELANGRDAM TILBURY H'BURG
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    • 618 23 BOUSTEAD SHIPPING AGENCIES m BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S'pore P.Kelong Penong" Pagon V 76 31/1 Sept InPort Pmyo *V7S 1/3 Sept Ava **V7O 4/5 Sept Discharging only Loading for Hong Kong Japan A V*- BANK LINE EXPRESS INDEPENDENT SERVICE TO UK/CONT 1' SPORE
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  • Page 24 Advertisements
    • 865 24 ECUADOR/PERU/CHILE [j K LINE KAWASAKI KISEN KAISHA, LTD. FEB**/ MOTHER VSi PKIG PNG SPORE KOBE GUAYAQUR CALLAO ARtCA K)WQUE AFAGASIA S AH! VALPARAISO CHANARAI ASIA STAR V 27 A VESSEL 1 Sept 3 Sept S Sept ?6 Sept 26 Oct 2 No. S No. 10 No. 11 No. 13 Ho.
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    • 208 24 Ilk ill,tarns 70 SHfNTON WAr #04 03 MARIN* HOUSE SINGAPORE 0707 Tfl *****11 TELEX HO RS ***** CfS OfPICf IPC rO3 029 let *****31 and *****32 TtRMtNAI OEEICE IPC =03 030 IH *****90 *****93 I--— CHAR CHING MARINE CO. LTD m=? ccijwis RED SEA FULL CONTAINER SERVICE S PORE LOADING
      208 words
    • 638 24 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE Ua<*n t to. LOS ANGEIFS SAN FRANCISCO SEAttIE lACOMA VANCOUVER BC Accept** FCL ICL Corijnnt P ArUnf vnfapce I knfrtn ■MW II Sty) 19 70 Sept li Oct AUSTRALIA EXPRESS CONTAINER SERVICE Accepted ECI ECI Containers P IHjnf S pot lin IM St4r
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    • 545 24 SANKD ASIA f MOM JAPAMCSC POUTS AND MO NO KONG S«t»P<™ P Manj Penjn. 1 NTPO MARU 31/2 Sept 3/4 Sept 2 MERDEKA 1/3 Sept 4/5 Sep 3 RAM TMOR 5/6 Sept 7/1 Sept 4 FUKU2AKI MARU 1/10 S«pt 11/12 Sept 5 ELM 10/1? kp« 13/14 Sept 15/16 Sept t
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    • 540 24 INTRASEA (PTE) LTD 10. Anson Road "27 16 International Plaza Singapore 0207 Tel *****11 (10 Lines) <► BREAKBULK SERVICE TO EUROPE/UK FORT NANA**) *****11 S pore P Ketang loadnf 21/9 s/io rott/ant/uji (avoid PS SEAWOOD SHIPPING CORPORATION S pore P Mang loadn( tor: 4/9 Hotfeidah leddah Ajents MTRASU (PTC) ITO
      540 words

  • Page 25 Advertisements
    • 642 25 NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): HK CONTAINER 41* C CONTAINER 27* Also accepting cargo to/from Scandinavia HK CONTAINER S pore Closing Times: FCL Cargo 1500 31/8 LCL Cargo 0300 31/8 FROM EUROPE (VIA SUEZ) N CRYSTAL IE MAETERLINCK 2E. TW BRIDGE 21E. O CHEF 40E TO AND
      642 words
    • 524 25 HEUNG-A SHIPPING Korean Flag Vessels I SEMI-CONTAINERISED DIRECT SERVICE TO: BANGKOK. KEELUNG. BUSAN. INCHON 22.1 27 1 30 1 10 10 7110 <BMt SpOrf No 9 Dorum 404N IS No 6 Dorum 406N 17 No 1 Ovum 407* 22 1 No I Dorum 40 'N i 10 No 1 Dorum
      524 words
    • 632 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SHJSO V Market Street Sinjapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telei Numbers RS ***** RS ***** RS ***** f KELAMG M/S SHARKAT NAM SOON SON BHD IST AND 2ND fIOOR NO 1. JAIAN CEMPf NING PORT KIANG MALAYSIA
      632 words
    • 59 25 DURBAN JOHANNESBURG. MAPUTO. MAURITIUS A REUNION WESTBOUND I SHEN6 TAI LINE REGULAR LINER SEBVICE TAIWAN-STRAITS-TAIWAN v KAO K£E S POtt P KELANC LAW ?0/8 23/8 31/8 2/9 BRIGHT FORMOSA 30/8 2/9 12/9 14/9 7/9 10/9 15/9 17/9 Orwial tornts EAGLE CORPORATION (PTE) LTD Td *****U (4 tan) Tcfci Mr *****
      59 words

  • Page 26 Advertisements
    • 682 26 ICc4|i»iml Container Lint's fgZESmm7i] Sailings Weekly Reliable Regular Punctual Berthing P S.A. 1500 Hrs. Tuea, Thurs Sat HI NODE KISEN CO. LTD U.TRA III: W i.IKT \KKIhK S pore I oaring for: ••ALPHA PACIFIC 6/8 Sept Bahrain, Doha, Abu Dhabi. Dubai •ASIAN FALCON 2S/30 Sept Salalah, Muscat, Abu Dhabi, Bahrain
      682 words

  • Page 27 Advertisements
    • 146 27 rai 5T t jm/M A GENERAL AGENTS SEALION SMPPMG (S) PTE LTD. 1 NcMte Uk A Jl\l\ltZ SINGAPORE SALES/BOOKINGS TEL *****51 (t LfCS) I French Lint REGULAR SEMI-COHTAINCR SERVICE TO BANGLA-OeSH/INPIA/SM LANKA/PAKISTAN Ve«t) M/V HAUSSMANN VBLS4 M/V ANJOU V9LS4 M/V ARMAGNAC VIOLS 4 CHTTA6OWS HALDIA(CALCUTTA) 11/8 7/9 15/10 COLOMBO /8
      146 words
    • 249 27 Scan Dutch V Br 1 H*sM •:<_ «Tf -J To Europe (Med/UK/NC/Scan) FEEDER PENANG Anson In Port Anson 6/9 Anson 13/9 Anson 20/9 Anson 27/9 Anson 3/10 P. KELANG 6 Remaning 31/8 B Butang 7/9 B Kemumnj 14/9 B Butang 21/9 B Kemuntng 28/9 B Butang 5/10 MOTHER VESSEL B
      249 words

  • Page 28 Advertisements
    • 190 28 I WORLD Ijjjj LINE EXPRESS REGULAR SERVICE JAPAN/HOMGKONG/STRAITS AISO ACCEPTHG CMGO TO PORT KELANG VESS£LS S PO« P KEIANG GOIDEN LAKE m. 122 In Part *u, 31 Sept 1 OMEKTAt ACE Wll7 Sept 2/3 Sept 4/5 Ml HUNT AN TKA Nl 31 Sept 7/1 Sept 9 10 Al NSC .esiete
      190 words
  • Page 28 Miscellaneous
    • 187 28 tOOE 1106 Regional Weather] if fi TV "K-, m N a mm 2S n 1 Eg m J/'* i fi M A > Ar !K >T,J; Si S\ i 1 t€ rv SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstorm Temperature <» c A\ c,h ower
      187 words