The Business Times, 18 June 1985
1985-06-18
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The Business Times
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Title Section12 1985-06-18 1 BUSINESS TIMES" M.C. (P) No. 99/1/85 TUESDAY, JUNE 18, IKS 60 CENTS12 words
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420 1985-06-18 1 REMISIERS were mostly indignant yesterday at the Inland Revenue's letter (published in yesterday's BT) which denied that charges were not now being allowed as legitimate expenses against their taxable income. Some described the letter as "utter rubbish". Industry sources said more than a handful had420 words
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520 1985-06-18 1 BOEY KIT YIN - Increase accounts for one quarter of growth in shipments By BOEY KIT YIN EXPORTS to the US climbed 26.5 per cent on a year-on-year basis to more than H billion in April after they had fallen in February and March.520 words
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444 1985-06-18 1 THE LOCAL BRANCHES of three major American banks have lowered their prime lending rates by one-quarter percentage point to 15 per cent, a move likely to set off a ninth round of industry-wide rate reductions. Citibank's new rate went into effect last Saturday444 words
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247 1985-06-18 1 Reuter MEXICO has cut the price of its Maya Mend of heavy crude oil from U5525.50 to $24 a barrel. The cut, against the background of a weak world oil market, came as no surprise. Traders holding contracts with the country said inReuter - 247 words
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Article119 1985-06-18 1 AN ENGINEER died and two other wmkeis were injured in an accident at the Mass Rapid Transit worksite in Dhoby Ghaut yesterday. The Mass Rapid Transit Corporation said a mobile crane which was lowering an excavator into the the shaft toppled over at about 6pm.119 words
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Article, Illustration71 1985-06-18 1 AGAINST sxpsetaflsns af ft mild l»M»l nhinift the Singapore stack market elased i ins ulna lly lower yesterday. The BT Composite Index eased OJ7 nets! to MBJ2 while the Btraits Times Industrial Index closed U» point lower at T&JS. Baying and selling quotes r amtew, reflecting a sAek-ap71 words
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Article, Illustration384 1985-06-18 1 LEE HAN SHIH - ®y LEE HAN SHIH APPLE COMPUTER said yesterday it would not lay off any workers in Singapore in spite of its decision over the weekend to gi»«h 1,200 Jobs worldwide and to close three factories. The Singapore factory is safe from retrenchment because it had384 words
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Article, Illustration225 1985-06-18 1 FORMER Overseas Trust Bank managing director Chang Lee Sian has been served a writ seeking damages (or breach of doty. Similar writs were also served by the new OTB board on former directors Patrick Chang Chen Tsong and Goh Sean Loot Madam225 words
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252 1985-06-18 1 AFP Bernama A MINOR RUN on two Malaysian bank branches yesterday prompted another assurance from Finance Minister Daim Zainnddin that the country's banking system was sound. Mr Daim urged depositors to ignore rumours linking local financial institutions with Hongkong's scandal-rocked Overseas TrustAFP; Bernama - 252 words
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Page 1 Advertisements
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Advertisement86 1985-06-18 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM KOHLER extends beauty into theheartcf yaur Kitchen M Brookfieid (K-5942) Kohler's kitchen sinks of enameled cast iron give you long-lasting beauty and reliable service. Deep-down colour, vividness and gloss that add confidence and glamour to your kitchen. Kohler offers kitchen sinks in one, two86 words
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Advertisement278 1985-06-18 1 MONEY ft EXCHANGES RAW MATERTIALS LETTERS CROSSWORDS TV A RADIO OUR VIEW THAT OFFSETS and kickbacks violate the spirit of Gott is not disputed, but like export subsidies ond tied aid, they are decried and tolerated for want of a general consensus. Not much hos been done to curb givebacks278 words
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Advertisement0 1985-06-18 1 ;$=^%':(/]!"!?}[,>/~\!:/=[@;+`.0 words
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Advertisement113 1985-06-18 1 Mikom THE WORLD'S of Success. Hongkongßank Visa Cards now reflect a new and prestigious image an image that reflects success. Our cards now come in two new distinctive designs. ||}o replace the traditional new version of the Premier These new, specially designed cards also come with enhanced security features like113 words
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HOME NEWS
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641 1985-06-18 2 LISA LEE - By LISA LEE THREE time-sharing projects marketed in Singapore have met with poor response as the idea fails to cateh on with local holiday-makers. Less than 200 people in Singapore have bought a week each for a yearly holiday in three Peninsular Malaysian resorts the Paka641 words
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396 1985-06-18 2 TWO MEDIUM-SIZED South Korean construction companies have closed their Singapore offices as unemployed Korean construction workers in Singapore return home. The closures of Shin Han Construction and kyung Nam Construction bring the number of Korean construction companies which have so far moved out396 words
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Article115 1985-06-18 2 STUDENTS at Ngee Ann Polytechnic and Singapore Polytechnic will have access to more computers following the recent acquisition by the two polytechnics of an additional 96 microcomputers. The 96 IBM PC-AT and PC microcomputers, costing 1700,000, will be shared equally by the mathematics and science departments115 words
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Article98 1985-06-18 2 DAINIPPON SCREEN Manufacturing, a Japanese maker of graphic and printing equipment, yesterday donated about $250,000 worth of equipment to the Vocational and Industrial Training Board. The complete line of D6M*s computerised colour separation system will be installed at the printing department of the Baharuddin Vocational Institute. Mr98 words
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204 1985-06-18 2 THE ANALYSIS of India's new development plans and of their impact on foreigners wanting to sell to the Indian market will be one of the topics to be discussed at a seminar in August. The seminar on business opportunities in India, at the Hotel204 words
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389 1985-06-18 2 THE BEST approach to developing an integrated computer-aided design (CAD) system will be dfecuased during a regional conference next month. It will be the focus of dismissions between seven experts on the second day of the conference, to be held in conjunction with the389 words
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Article197 1985-06-18 2 PT TRAKINDO Utama (PTTU) recently concluded a major sale of five 50tonne capacity Caterpillar off-highway dump trucks, but was faced with the weighty problem of how to get the trucks up to a copper mine in the mountains of Irian Jaya. Its Singapore associate,197 words
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Article560 1985-06-18 2 Seminars and courses DURATION TITLE VENUE ORGANISER TELEPHONE June 27-28 Pkmning and Organising Hofcday Inn and Effective Purchasing and Supply Monage*****35 Expediting System June 27-29 Managing Sate* Pine Tree Club PL Marketing Productivity Communication* June 29-90 Retal Automation and Worid Trode MeComm Private Visual Merchandising Centre Auditorium Limited June560 words
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Article241 1985-06-18 3 THE FORMER HEAD of the Inland Revenue's Legal Section has won his appeal to the Privy Council against a Singapore High Court order to strike him off the rolls of advocates and solicitors. The Privy Council said its reasons for allowing the appeal of James241 words
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Article86 1985-06-18 3 HOLIDAYS at home are on offer again at the Shangri-La Hotel. The hotel, in repeating its special holiday programme for Singaporeans and residents, is charging $250 for a three daytwo night stay in a deluxe room in the main building. The package includes extended check-out, free use86 words
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Article, Illustration381 1985-06-18 3 PENG AILJAN - By PENG AILJAN THE COCA-COLA Export Corporation and its Singapore bottler, Fraser and Neave, yesterday launched the under one-calorie can of diet Coke. Mr Keith Martin, the regional manager of CCEC in Southeast Asia, said he expected to sell half381 words
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135 1985-06-18 3 THE REPUBLIC of Singapore Air Force (RSAF) and the Singapore Armed Forces (SAF) will conduct military, air and live firing exercises in several parts of Singapore this week. The RSAF live firing exercises at the Southern Island Live Firing Range on Pulau Pawai and135 words
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503 1985-06-18 3 AMY BALAH - Changes will improve contractors' liquidity By AMY BALAH A NEW registration procedure (or all government suppliers and contractors will be introduced next month to help reduce red tape and improve cashflow for the vendors. The new system will dispense with the existing tender deposit requirement. Also,503 words
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299 1985-06-18 3 THE National Productivity Board (NPB) is to hold its second National Labour-Manage-ment Relations (LMR) Conference at the World Trade Centre Auditorium on July 5. Under the auspices of the Steering Committee on LabourManagement Cooperation, National Productivity Coundl, the conference will be'opened by299 words
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Article113 1985-06-18 3 BRINGING UP happy and responsible children wffl be the focus of a Parent Education Programme to be launched this Saturday at the Regional Language Centre. The programme aims to help parents to be better by providing information through the media. There win be a week113 words
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Page 2 Advertisements
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Advertisement180 1985-06-18 2 vfi Tasteful interiors and cosv ambience. m mm Spacious bedroom with warm colour schcinc. XTerr Liang Court Regency offers you a carefree, comfortable style of executive apartments. Ideally located on River Valley Road, opposite the picturesque Fort Canning Park and next to the tranquil Singapore River, it's only a short180 words
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Advertisement52 1985-06-18 2 In Singapore our faultless service is only matched by our spectacular architecture. THE PAVILION INTER- CONTINENTAL SINGAPORE s »V\ >' IM >/jt» ET7 :<t lx •j THE ADVANTAGE IS INTER-CONTINENTAL 0 INTER-CONTINENTAL HOTELS One Cuscaden Road. Singapore 1024 Phone 733«W Telex: RS 3724* SINIHC For reservations call your favourite airline52 words
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Page 3 Advertisements
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OVERSEAS
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Article, Illustration404 1985-06-18 4 UPI SAUDI ARABIAN OQ Minister sh»*irh Ahmed Zaki Yamani has warned fellow Opec members that world oil prices could fall below US$2O a barrel if his kingdom were to raise oil output in the face of widespread overproduction and price discounting within theUPI - 404 words
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161 1985-06-18 4 Reuter EMPLOYERS' Federation president Andre Leysen has challenged the Belgian government's wage freeze by announcing a profit-sharing scheme for his 8,000 employees at the Agfa Gevaert NV company. P&adoxically, his move was cautiously welcomed /over the weekend by centre-right government politicians but condemned asReuter - 161 words
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236 1985-06-18 4 UPI BRITISH pilots are considering a ban against flights into Athens airport because of an apparent lack of security in the wake of the hijacking of TWA flight 847. The siege began on Friday after two Shi'ite Muslim extremists boarded the airliner in AthensUPI - 236 words
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ECO-NOTES
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Article59 1985-06-18 4 NEW ZEALAND will delay the planned introduction of a goods and services tax by six months, to October 1906 from April, Finance Minister Roger Douglas said on radio. The switch from direct to indirect tax, planned by the Labour government as a major part of59 words
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Article63 1985-06-18 4 INDONESIA'S non-oil/gas export revenue during the first four months of this year fell to about US$l.74 billion from $1.8 billion in the same period last year, Bank Indonesia figures show. The bank's report, carried by the official Antara news agency, said wood was the biggest earner followed63 words
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Article69 1985-06-18 4 THE STRIKE by United Airlines pilots caused a sharp drop in> Hawaii's tourist industry and cost the state almost US$lOO million, state and business officials estimated. The tourist industry lost 155.5 million that would have been spent by visitors who did not reach the islands during the69 words
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Article56 1985-06-18 4 Agencies MEXICAN President Miguel de la Madrid has called on the European Community Commission in Brussels a major stage in his efforts to improve access for Mexican exports to industrialised markets in Europe. The Mexican delegation is to engage in a round table discussion with several commissionAgencies - 56 words
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237 1985-06-18 4 AP PATRICK BUCHANAN, the combative conservative who recently took charge of White House communications, is setting up what he calls a "response desk" to counter attacks by the President's critics. "When the administration comes under attack, as very often it does by outsideAP - 237 words
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438 1985-06-18 4 UPI SOUTH AFRICA, defying world condemnation for the second time in (our days, yesterday granted limited self rule to South West Africa while retaining control of its foreign affairs and defence. The move followed a day of racial violence in South Africa thatUPI - 438 words
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Article303 1985-06-18 4 UPT p RETIRED US General William Westmoreland called the fight against communism in Vietnam "the noblest cause" as he spoke to SO of the veterans who fought under his command. "America was not defeated in Vietnam on the battlefield but by exaggerations hove,'* General Westmoreland aaUPT - 303 words
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244 1985-06-18 5 AFP PAKISTAN has suggested "mutual inspections" of Indian and Pakistani nuclear installations to prove that Pakistan does not have nuclear weapons. Pakistani Prime Minister Muhammed Khan Junajo, in a first interview with the Western press published in the latest issue of Newsweek, said that theAFP - 244 words
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85 1985-06-18 5 AP THE RULER of Kuwait has lamented dire conditions in the Arab world and has decided to call off this year's celebrations of the Muslim feast. The Royal Court announced on Sunday that Sheik Jaber AlAhmed Al-Sabah deplored the bloodshed in the Palestinian refugee campsAP - 85 words
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189 1985-06-18 5 AFP THE PHILIPPINES is likely to suffer a 10 per cent decline in export receipts this year, in spite of government forecasts of a 10 per cent increase. The Bulletin newspaper reported that the decline would be due to continued depressed prices for theAFP - 189 words
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Article85 1985-06-18 5 Bernama THE hoof-and-mouth disease which broke out among cattle in the Pasir Mas district in Malaysia early this month is under control. A spokesman of the area's veterinary office said yesterday that about 10,000 head of cattle, goats and sheep in the district had been inoculatedBernama - 85 words
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Article, Illustration95 1985-06-18 5 AFP THE TOURIST island of Bali is running out of seashells, a mainstay of its handicraft industry. Sources in the Indonesian Directorate General of Industries said most of the seashells that went into necklaces, bracelets and other tourist souvenirs were in fact imported from outerAFP - 95 words
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Article835 1985-06-18 5 ARRIVALS Qparotot 5w iic< Local Frwa number HNM SV SV379 0115 SEL UTA UT3567 0150 NOU PAA PA21 0020 LAX/TYO/HKG CfcL Q331 0130 TPE MAS MH601 0720 JCUL MAS MH681 0620 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH811 0940 PEN RBA BM21 1000835 words
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135 1985-06-18 5 Reuter SENIOR New Zealand and Asean officials have begun two days of talks in Wellington aimed at resolving a row over New Zealand's decision not to give trade preferences to exports from Singapore and Brunei. Official sources said the talks were likely toReuter - 135 words
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Article, Illustration321 1985-06-18 5 AFP THE CHINESE authorities want workers to buy shares in stateowned enterprises in the hope that worker-shareholders will work harder. The Chin* Daily yesterday quoted an official of the state commission for the restructuring of the economic system as saying that the authorities were consideringAFP - 321 words
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Page 4 Advertisements
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Advertisement272 1985-06-18 4 WHO SAID COMPAN Of course they have to get you from A- B as comfortably and economically as possible. But does that mean the interior should be dull and featureless? Or that only the basic fixtures be included? Or that the car should look like a shoe box on wheels?272 words
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Page 4 Miscellaneous
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Page 5 Advertisements
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Advertisement9 1985-06-18 5 h. 41® i Em EanAm's747SP Fastest Daily to New\brk.9 words
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Advertisement425 1985-06-18 5 Canon Canon The Zoom-Busier f\ .J "■■i "M MAV>U c t 4 Now all other Zoom Copiers are a step behind Canon Program Zoom Canon 'busts' through with zoom programming so simple you can take manual calculation right out of copying. Just push the button. Ml Now you don't have425 words
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RAW MATERIALS
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Article257 1985-06-18 6 RAS prices in S cents/kg, FOB in 1 >ol#s NOON CLOSE Buyers SeNers Buyers Sslltn Int J RSS Prompt 186.00 187.00N 185.50 186.50N Int 1 RSS July 85 185.50 186 50 185.00 186.00N Int 1 RSS Aug 85 179 50 180.50 179.00 180.00N hrtt 2 RSS 176.00257 words
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Article78 1985-06-18 6 (c«it«/kg, 1-ton p®"**»>JULY 85 AUG 85 (currtnt month) (forward month) NOON NOON RAS Buyan StMon 5SR 20 160 00 162.00N 161.00 163.00N SSR 50 1S8.00 160. OON 159.00 161 .OON MRELB Bvyan S«ltors luyw SMR CV 215.00 217.00N 217.00 219.OON SMR L 216.00 218.00N 218.00 220.00N SMR78 words
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Article105 1985-06-18 6 A HIGHER dispessls by miners yesterday weakened the Kaala Lampar tin price to M$2».U per klto, dswn five cents (rem Friday, still within the ITA tower range ef $21.15 and Tstal taraever increased to 273 tonnes Cram 18C sn Friday, with the bnfter stock manager taking ahnt M105 words
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Article123 1985-06-18 6 SHORT selling and persistent liquidation ahead of the forthcoming holidays yesterday saw prices on the Malaysian crude palm oil market close at the day's lows in thin trading activity. June deliveries in the south region fell Msso to $1,185, nor*h $45 to $1,170 and central $42.50 to $1,167.50,123 words
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Article185 1985-06-18 6 SINGAPORE THE market yesterday closed higher with July One RSS buyers quoted at 185.00 cents per kilo, up one cent from last Friday's close. The morning session gained 1.50 cents on covering interest of nearby positions, they said. Prices eased slightly in quiet afternoon trading due to some profit-taking.185 words
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Article1084 1985-06-18 6 COFFEE ROBUSTA futures yesterday retreated as light liquidation linked to the absence of immediate Brazilian weather concerns found buying interest subdued. The market opened with small losses, based on New York, then extended the trend in quiet, featureless trading. The physical sector was also lacklustre, with yesterday a1,084 words
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Article145 1985-06-18 6 Chinoso Produco Exchange Rabukto 20/25% FOB NSW 489 00 (Selen* mm dam* pri Jmm 17. S$/I00l5 CM M Nutmeg 110 FOB NSW 421.00 Coconut oil EAW FOB NSW 272.00 Bute FOB 117 00 Gombier Old drum FOB N*w drum FOB 130.00 134.00 FOB NSW 330.00 Copra London Commodity145 words
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Article92 1985-06-18 6 Reuter EUROPEAN spot oil market was fairly stable after reports of an official price cut by non-Opec Mexico, but traders reported considerable nervousness. North Sea brent crude traded at U5525.90 a barrel for July loading, about 20 cents down from Friday. Traders said the cut ofReuter - 92 words
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Article147 1985-06-18 6 Singapore Java Brora (SVUb. «-Ho. m) Whit* special quafity 0.21 Frogrant new 1st crop 082 China maize 029 2nd 062 Thai Maize 0 30 3rd 0.60 N*w Crop no stock 25% DOTvQKCm 10% no stock (US$/is—. FOB) Thai Broken White Rice A-supcr 054 100% 1st doss 262 Special 0.52147 words
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Page 6 Advertisements
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Advertisement330 1985-06-18 6 Ht Ztl&t' safir-f t V •.r^ E v 4% When it comes to compatibility, Olivetti tells a beautiful software story... w I i n* -;.v A mi H# m f Wmm ''k fg* <; '-V i It h OR-L unt.'rw i *M\ vfimw-m 1 4 mmmm mm IBP 2 i330 words
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BANKING AND FINANCE
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Article562 1985-06-18 7 SINGAPORE THE US dollar yesterday recovered against most major currencies in thin late trading to close slightly firmer than New York's Friday levels. The dollar closed marginally higher at 3.0670/80 marks compared with an early 3.0600/10 and New York's Friday 3.0606/20 close, at 2.5780/96 compared with 2.5720/40 and562 words
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Article179 1985-06-18 7 Interbank rotes at 3pm yesterday: gnM f* stovtfsy o raao parity ahango Local dollars to OM unit of foreign currency. US doSar Starina pound Austrafean dolor NZ dolor Conadkm dolor 2.2245 2.8362 1.4748 1.0165 1.6260 2.2255 2.8397 1.4777 1.0192 1.6280 2.8196 7.3469 3.4286 3.4286 3.4206 -21.112 -61.40 -56.99179 words
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Article, Illustration305 1985-06-18 7 Asian market ASIAN dollar deposit rates yesterday closed easier compared with last Friday's close, in light trading, dealers said. They said rates were still depressed by speculation over apoasible cut in the US discount rate, weaker US interest rates and an unexpected 0.1 per cent drop in US May industrial305 words
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Article368 1985-06-18 7 BA Futures Inc SEPTEMBER Earedallar futures yesterday opened sharply higher at 92.20. This was due to Friday's economic data which showed the slower growth in the US economy but still lower than IMM's close as a result of the disappointment in expectation of a discount rate cut which didBA Futures Inc - 368 words
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Article160 1985-06-18 7 TOKYO: Futures yesterday closed unchanged to eight per gram higher on small-lot short-covering by trading houses and mining firms. The turnover was 1,227 one-kg lots. Current June closed up two at 2,551 yen, distant April up eight at 2,691 and only October closed unchanged at 2,803. HONGKONG: The market160 words
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Article70 1985-06-18 7 THE OVERNIGHT rate on the Singapore interbank money market rose by H points from Friday to close at 5Vi per cent yesterday. The one-month term rates rose by 2/16 point. The two and three-month term rates were unchanged. S$ Interbank rates at 3pm yesterday: OH* M raght 51/270 words
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210 1985-06-18 7 Reuter FINANCE ministers and central bankers from the world's leading Industrial nations gather in Japan this week to seek ways to restrain volatile foreign exchange rates and to bring back more stable currencies. The international monetary system rarely attracts attention until it starts toReuter - 210 words
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481 1985-06-18 7 DAVID GABRIEL - VI ■J I 4 I I I 1 Kf By DAVID GABRIEL SANG KANCIL last week began to (eel some of the pressures of bring a businessman and trying to keep up with the futures market at the same time. His broker had difficulty481 words
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198 1985-06-18 7 AP ONE OF Britain's biggest banks is believed to have been the victim of a £6-million electronic theft in which an employee used a computer to divert money into his own account. Independent Television News quoted Dr Kenneth Wong, a computerAP - 198 words
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91 1985-06-18 7 Reuter NON-JAPANESE borrower in Japan are now able to issue a great-; er variety of Euroyen bonds. The move, which took effect from yesterday, is aimed at fostering international use of the yen. Borrowers can now issue float-; ing rate notes, aero-coupon bowk, deepReuter - 91 words
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Page 7 Advertisements
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Advertisement166 1985-06-18 7 Now that the much awaited Astridville development in district 10 is ready for occupation soon, come take a peek at the showflat and be bowled over by the enchanting aura of Astridville. The result of uncomprising commitment to quality and detail is here for you to enjoy. Available for lease166 words
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Advertisement146 1985-06-18 7 -V* h ->■ ■"> t*?** 1.. l.ii >•*?• }Mf v* r*i > v f V i|9 v 3 v-/*' ZfL "v.*. it 1 L a. Mr. Peter Choy, EDP Manager Conan Wu Associates. WHY AM I GOING TO INFO COMPUTA'BS? I'LL TELL YOU.-" "I am quite particular about the kind146 words
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FEATURES
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Article490 1985-06-18 8 BUY ARMS from us and we will visit you, that's what American arms manufacturers are telling their overseas customers. McDonnell Douglas would phrase that less crudely but that's exactly what it has done in a contract with Canada. It sold 80 fighters to Canada for US$2.3490 words
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Article, Illustration1191 1985-06-18 8 NICK GARNETT - Battle hots up to equip the continent's six million secretaries By NICK GARNETT FT A LIST of innocuous looking figures sent to the European offices of several Japanese-owned office equipment makers caused a major stir late last year. The figures were provisional anti-dumping duties rangingFT - 1,191 words
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638 1985-06-18 8 Apeat Trading Pte Ltd - Letters to the Editor Apeat Trading Pte Ltd Dear Bfr, Many opinions were expressed on parallel imports in recent articles. Case has advocated that this is good because it provides a competitive environment that results in the lowest possible price. This638 words
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598 1985-06-18 8 N Sivaramakri - N Sivaramakri Dear», Last November, I sent in an application for 1,000 shares for the new Lum Chang share issue. In spite of my paying for the shares alloted me, so far I have not received the share certificate. Hie company's registrar has offered598 words
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Page 8 Advertisements
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Advertisement176 1985-06-18 8 sP®» I STAR'S ANNIVERSARY SALE Oi IMa*? FROM KJTH TO 29TH JUNE If you are looking for a business printer toprint your Invoices, Delivery Oixters, Statements and Reports, etc, the STAR RADIX-151 is the BEST BUY for you. STANDARD FEATURES: 200 CPS NORMAL DRAFT 50 CPS NLQ 16KB BUFFER TRACTOR176 words
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Page 8 Miscellaneous
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Miscellaneous708 1985-06-18 8 CRYPTIC PUZZLE ACROSS 3 Essay* in accuracy? (5) 8 Win* for an officer at mo (5) 10 The beast to bite a bounder's heod off (5) 11 Standard parachute component (3) 12 A wel preserved mother? (5) 13 Pet with a porky heod? (7) 15 A broken seat, by the708 words
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SPORTS
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Article, Illustration692 1985-06-18 9 BRIAN MILLER - By BRIAN MILLER WHEN she lines up with the best in Sunday's women's final of the 1965 National bowling championships, 39-year-old Lucy Low will be her 14th appearance in the Masters a record that others will find hard to beat. At Kim Seng692 words
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Article, Illustration672 1985-06-18 9 UPI IT WASN'T the pressure, Chen Tze-Chung said, it was the fifth hole. "It was all No 5," Chen said, referring to the disastrous eight shots be took on the 422-metre, par-4 fifth hole a score the Taiwanese golfer smilingly referredUPI - 672 words
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413 1985-06-18 9 ANNA TEO - By ANNA TEO THE STAGE is set (or a 1989 squash showdown in Singapore when the Republic plays host to some 90 players from 20 countries in the International Squash Rackets Federation (ISRF) World championships. The question hanging in the air is: Will413 words
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Article103 1985-06-18 9 Reuter CHINA seised both singles titles at the World badminton championships in Calgary, Alberta, as Han Jian outduelled Morten Frost of Denmark (or the men's crown and Han Aiping won the women's final from teammate Wu Jianqiu. Han Jian, 28, unleashed a brilliant barrage of winningReuter - 103 words
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Page 9 Advertisements
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Advertisement250 1985-06-18 9 Imllul Congratulation* to C.A.A.C. ai W T TmimilMW Tli ijln direct connections Enjoy your China Holdays wth C. A. A. C. direct to Guangztm/IMpng H wi decrease the Mmes spend on transportation, wMe imm sight seeing programmes provide mora comfortable and Combination *itn CTS Uonq DIRECT SINGAPORE GUANGZHOU Tour Visit250 words
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Page 9 Miscellaneous
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Miscellaneous1117 1985-06-18 9 TO £OD[iMiXKD DRAMA ON 12 HARD TIMES 9.15 pm, Channel 12 This four-port series examines life in England in the 1840s through Charles Dickens's eyes. Based on his novel of the same name, Hard Times dramatises the lives of two young girls whose lives are linked through the arrival of1,117 words
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Miscellaneous34 1985-06-18 9 Play golf the Sevvy way mm MAINTAIN THAT RIGHT LEG ANGLE THIS RESTRICTS THE NOJEWENT OF THE RIGHT HIR AND GIVES THE FEELING OF BEING COILED UP ON THE BACKSWING, THIS IS VERV IMPORTANT34 words
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INTERNATIONAL COMPANY NEWS
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796 1985-06-18 10 Shift of power from father to son NYT A BLACK limousine pulled up at the curb of the General Dynamics Corp's suburban Washington office one day last week. A tall, trim man who had recently turned 60 emerged and took the lift toNYT - 796 words
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Article161 1985-06-18 10 Reuter PAY settlements in British manufacturing companies averaged 6.5 per cent in the first five months of this year. Confederation of British Industry figures show both the provisional average for the second quarter so far and the first quarter average were 6.5 per cent, tendingReuter - 161 words
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Article, Illustration173 1985-06-18 10 Reuter PUBLISHER Robert Maxwell has agreed to take a controlling share in Sinclair Research, Britain's biggest home computer company. The Dmily Mirror newspaper, owned by Mr Maxwell, said the agreement would meet the cash needs of the company headed by inventor Sir Clive Sinclair, whichReuter - 173 words
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Article570 1985-06-18 10 NTT INTERNATIONAL Business Mschines Corp sent shivers through the stock market last Wednesday when it indicated that profits for the first nine months of this year would drop below results in the comparable period last year. It made investors wonder whether Big Blue wssNTT - 570 words
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Page 10 Advertisements
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Advertisement247 1985-06-18 10 R* Business Or Pleasure, Lunch At THe Elizabethan Grill Ibday's Specialties: Rock Melon with Port Parma Ham Fresh Local Lobster 'Raffles' with l&rragon Herb Sauce or English Roast Beef on the Wagon Home-made Kiwi Sherbet For reservation, please call *****41 ext 174. Free parking in front reserved for our patrons247 words
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Advertisement73 1985-06-18 10 «/v I k 1 IV Th" lo 12-30 7pm =3g=£SH3£. I HOTEL ASIA Many happy ratum* 37 Sootti naad. angapoat 0822 W *****88 RS 2*3t3 HOTASIA i: I M *1 The 24-hour coffee house that offers you a superb menu from Western and local dishes to nightly Satay and seafood73 words
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Advertisement57 1985-06-18 10 d 0 Time: 12 noon 2.30 pm Prtce:sl2.oCT Fashion Show: 1.15 pm Modetsby. IMll/OIOA Modeling Agency Swim «wr by: World of Swimate 4l I a m w h 1 till, u ma mm it on unoommon variety of oadtah. lendf and dtlclouK Ift low In tat and high In pMetri57 words
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Advertisement138 1985-06-18 10 m m m m 'i v ce Spring Palace Chinese Restaurant Supert) Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16-*+ each and $20-H- each (mln. 2 persons). Over 50 a la carte specialities are also available AM SMGAPORE HOTEL 10138 words
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Advertisement119 1985-06-18 10 I V- K% -r «7v-?ss f Ffeng Ch*ng L6u Teoctoew j Restaurant for the best Teochew delicacies in town. Discover our famous dian-xin, delicious steam-boat Teochew porridge and other mouth-watering L delights prepared by Hong Kong f chefs. And feel like royalty while C you dine in Oriental splendour. Open119 words
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ASIAN STOCKS
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Article404 1985-06-18 11 TOKYO: Prices rose slightly yesterday in hectic trading on broadbased buying led by large capital shares. The market average gained 15.90 to 12,769.28, furthering Saturday's 68.13 rise, on a turnover of 720 million shares against 280 million during Saturday's half-day. Trading remained hectic throughout the day but dealers said404 words
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Article105 1985-06-18 11 MANILA: Prices closed generally higher in quiet trading yesterday. The commercial and industrial index firmed 0.08 to 128.76 and the mining marker rose 4.78 to 674.35 but oils were steady at 0.777. JUNE 17 Na AcoJ* Mining 0.0014 unch Oriental B Phlax 8 PScao B PLOT Podco B Poaa105 words
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Article453 1985-06-18 11 SYDNEY: Australian share markets closed slightly higher yesterday as improved international bullion prices helped gold stocks. But early buying support for resource and industrial stocks disappeared by midsession and many such stocks closed off their day's high. Hooker Corp topped the turnover list with 32.6 million shares traded in453 words
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Article72 1985-06-18 11 JUNE 17 Won 630 30 Hyundai Const Hyundai Motor KAL 918 706 498 +8 -4 +6 594 39 658 18 653 +18 1505 45 Doofim 1nd 485 Koroa Ship 455 15 497 Lucky Ltd 675 -13 610 -6 Samsung Co 715 +6 W +23 Samsung Eke 819 -9 GoldStar72 words
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Article202 1985-06-18 11 AJNC 17 Al Smear* Mm Amo Camarrt MT» 1 68 2300 +0.15 0.7 Lmti HM MUB Nan Ya not Poafcc Cora 11.80 2600 16.90 14.35 0.5 ♦0.1 03 0 35 Colhoy Cora Chang Hm Bank Otan Looog On KUi Camant Cham Own CNno Dov 24.20 47.20 ♦0.4 •0.4 P202 words
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Article143 1985-06-18 11 BANGKOK: The market closed higher in quiet trading yesterday. The book club index rose 6.10 point to 140.32 and advances led declines by a two-to-one margin. Turnover rose to 315,990 shares worth 23.7 million baht from the previous 227,736 shares worth 35.8 million. JUNt 17 Mm SamOtan 93.30 +1.5143 words
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135 1985-06-18 11 AFP HONGKONG and Macau concerns top the list of investors in Joint ventures set up in China over the past five years. Chinese trade magazine China Trade said these investors had set up more th«n 700 Joint ventures in that period. By theAFP - 135 words
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Article54 1985-06-18 11 Reuter AUSTRALIAN Iron and Steel Pty, a unit of Broken Hill Pty, plans to begin phasing out three of its nine underground coal mines in southern New South Wales. The phasing out will lead to the loss of about 350 jobs. The move is aimed atReuter - 54 words
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Article157 1985-06-18 11 Reuter SIXTY per cent of respondents to the latest Westpac Banking Corp/Confederation of Australian Industry manufacturing survey expect the business climate to remain unchanged in the next half year. The survey report said only 12 per cent expected an improvement in spite of some pick-up in productionReuter - 157 words
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63 1985-06-18 11 AP CHINA has concluded about 2,000 contracts worth US$4-48 billion for overseas labour and construction since 1979. The Economic Daily reported on Saturday that the contracts, made with China's 57 companies engaged in overseas contracting, involve about 50,000 workers in 71 countries and regions.AP - 63 words
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Article150 1985-06-18 11 UPI MITSUI and Co's consolidated sales and net income rose substantially in the year ended last March although its grain subsidiary in the US suffered a substantial loss. A spokesman for the company said yesterday Gulf Coast Grain, the company's subsidiary in Tennessee, had sold twoUPI - 150 words
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276 1985-06-18 11 REGAL HOTELS (Holdings) Ltd plans to sell its 36 per cent stake in Paliburg Investments Ltd next year. According to a report in the South China Morning Post, the chairman of the two companies, Mr Bill Wyllie, said the sale276 words
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Page 11 Advertisements
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Advertisement174 1985-06-18 11 ft M I? w r w* swa®?^ i y ;i--f I «t .-•■sSMr S ttSKfll! liP^Ml <0+ !3 IHf FOR FURTHER INFORMATION CALL «\so vd> 1 Ft<* r *S IMrts. &*>**. !^«v- 9 •■>• anfl: warn < '.•:•>] i t T '^^vfflledwith gorgeous food, fabufous'fasßiafls (modelled by 4 of the174 words
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Advertisement183 1985-06-18 11 v w-• M# i- s«e4'l»"5 r ,jfc l H V* M Z tTJL tijfa Selected US Prime Beef Cuts, Continental and Game Specialities in a hunter's lodge setting. 'J*iu i'' 'J* I"K>S Monday to Friday $26.50 10% service charge 3% CESS SUNDAY MUNCH $24.00 10% 3% (adult) $12.00 10% 3%183 words
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Advertisement187 1985-06-18 11 Paramount HotefWhtm happy peop* go Ti *h 4 m OOCKtML LOUNGE Experience a new and refreshing concept. in cocktail lounge entertainment Experience The Gazebo. The frontispiece of Paramount Hotel, away from all the hustle and bustle. A free flowing garden terrace in subtle shades of grey and beige. And a187 words
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Advertisement131 1985-06-18 11 The Hilton's Lounge presents There s romance in the air at the Hilton's Lounge with the music of Romance' a husband and wife duet who«e act is touched with an international flavour. Joel and TracyJoffrin (who make up Romance have performed all over Europe, the Middle East, Africa and on131 words
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Advertisement54 1985-06-18 11 An Irresistible Offer Lunch $24 nett Dinner $28 nett Enjoy a four course meal in the elegance of Art Nouveau Af reservations ok 235 2698 or 734 6622 act 141/144 Lock llMi-Spa Diner Spa-Hp-ORCHARD ROAD mimwi/.mhw. Aapte Free Vtarktaf 19 Cairnhfl ewe mi VWet Service i Our Chefs Recommendation: r»54 words
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Page 12 Advertisements
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Advertisement454 1985-06-18 12 Ufestpac Banking Corporation Head Office: 60, MARTIN PLACE, SYDNEY, AUSTRALIA IMPORTANT ANNOUNCEMENT Westpac Banking Corporation has recently learnt that two Malaysian companies, Goodmaker Leasing Corporation Berhad and Tizer-L Holdings Berhad, have adopted the names, "Westpac Credit Corporation Berhad" and "Westpac Holdings Berhad" in their trading activities. The two companies are454 words
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SHARE INFORMATION
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Article, Illustration3951 1985-06-18 13 THE SINGAPORE stock market finished marginally lower yesterday against expectations of a mild technical rebound. The BT Composite Index lost 0.87 point to 688.12. The Straits Times Industrial Index, which last week reached its lowest level since Jan 16, eased 0.59 point to3,951 words
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Article160 1985-06-18 13 < RIM N»« Mi MM Nt» VOL m 225 M m 412 410 1 44 1 Ind TCianiHi ■Till <8.11 ■TOO/OS ITII ill ST HMh sac STHMMIM ICw» km 14 343MM12 1 km 17 400.12 Vm Om Nhm SLmTSm'S^m lit 540 245 40 45 45 770j04 2H6.99160 words
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Article2251 1985-06-18 13 BID and offer prices officially lilted and 6—ln— to and reported to fee Stock Bxcfcanc» of Singapore yesterday with tht number of sharee traded to brackata to late of IjOOO units iinlm otherwise specified All TtoM Settlement Contract» are quoted after fee word -SOT". Big2,251 words
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Article284 1985-06-18 13 DATAPI INDUSTRIES (MALAYSIA) Berhad: First AGM at the Banquet Hall, Federal Hotel, Kuala Lumpur today at 11 am. HONG FOB CORPORATION Limited: Seventeenth AGM at 380 Orchard Road, #07-08, International Building, Singapore 0823 today at 11 am. KIAN JOO CAN FACTORY Berhad: AGM at Lot 10, Jalan Perusahaan284 words
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Page 13 Advertisements
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Advertisement12 1985-06-18 13 KL market report and IwhuM dona on tt» KLBE 8m pmgm 1412 words
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COMPANY NEWS
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457 1985-06-18 14 iiu W LOCAL stockbroking house KH Lim A Associates recommends investors to accumulate Cerebos Pacific Ltd stocks on weakness. In its June investment letter, KH Lim notes that Cerebos has lived up to its name as a fundamentally sound stock with good growth457 words
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545 1985-06-18 14 SHARE PRICES on the Kuala T Jimp.tr gtock market generally finished easier yesterday in quiet trading. But selected counters managed to gain some ground. Brokers said the assurance given last Friday by Bank Negara governor, Datuk Jaafar Husaein, that the Malaysian system was545 words
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Article1857 1985-06-18 14 BID and offer prices officially listed and burin— tn and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of share* traded shown In brackets In lots of IJMO units unless otherwise specified. MDUSTRIALS A Owe (21 OS) AISB (.818 82S) (3) 821,857 words
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Article101 1985-06-18 14 HONGKONG Hang Swig Index Monday Closed Friday 1441.97 Weak ago *****7 NEW YORK Dow Jones Friday 1300.96 Thursday 1290.10 Week ago 1316.82 TOKYO Tokyo Dow Jones Monday *****.28 Saturday ***** 38 Week ago *****.24 Standard 4 rrirlnu rnooy 4 Thursday Week ago Poors' ***** ***** 189.68 TSE Index101 words
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Article200 1985-06-18 14 Monogars'pricas for Juiw 18 Singapore Unit Trust The Commwct 1.72 1.82 The Sovings Fund 1.31 1.39 S'pore Prog Fund 0.75 0.79 S'por* Sec Fund 1.11 1.18 STpor* Invest Fund 0.82 *0.87 S'por* Equity Fund 0.76 0.80 Asia Unit Trust Mol Invest Fund 1.97 2.10 Mai Prog Fund 0200 words
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Article222 1985-06-18 15 CIGARETTE manufacturer Rothmans of Pall Mall (Malaysia) Bhd is to be restructured along the lines of the New Economic Policy following discussions with the Malaysian Ministry of Trade and Industry. The restructuring will result in the Bumiputra shareholding rising from the present 4 to 30 per222 words
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247 1985-06-18 15 AS EXPECTED, Rothmans > Holdings Ltd has decided to rebid at a higher price for Australia's largest candy and sweet maker, Allen's Confectionery Ltd. The surprising twist is that Rothmans is pitching its new offer at AH 40, the same price offered by247 words
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Article183 1985-06-18 15 CHASE CORP Ltd says in Auckland that it is the buyer of a 19.9 per cent stake in Australian property group, Hooker Corp Ltd, from Mr Lee Ming Tee's Sunshine Australia Ltd for AssB million. Sunshine said it decided to sell the shares after183 words
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390 1985-06-18 15 MALAYSIA'S stockbrokers, in the process of forming an association in Kuala Lumpur, are seriously concerned about their image. At the recent KLSE EGM, they queried some of the reasons given for the corpora tisation of stock broking houses. These included the injection of greater390 words
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335 1985-06-18 15 FOE the second successive year, the auditors of United Pulp 4 Paper Co Ltd, have directed shareholders' attention to the fact that the accounts of the ailing paper manufacturer have been prepared on a going-con-cern basis, the validity of which depends on the continued335 words
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Article, Illustration420 1985-06-18 15 NAJEEB JARHOM - ay NAJEEB JARHOM FLUSH WITH CASH from the recent Msls*-million sale of its Seafield Jaya property to United Estate Projects, Consolidated Plantations Bhd is relieving its parent, Sime Darby Bhd, of the latter's load in its debt-ridden subsidiary, Kempas Edible Oil Sdn Bhd. Consplant will420 words
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459 1985-06-18 15 RAMESH CHANDIRAMANI - •9 RAMESH CHANDIRAMANI THE DAYS are numbered for Far Eastern Hotel Development Ltd, the one-time owner of Singapore Hilton hotel. Far Eastern is undergoing voluntary liquidation. The company's liquidator, /Lee Yoke Chow, has served notice on all members that an EGM to459 words
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Article964 1985-06-18 15 SHARE PRICES closed on a firm note yesterday on bargain hunting after the recent falls and on the back of Friday's higher close on Wall Street. At 2.90pm, the FTSE 100 Index was up 9.5 points at UK.O. Nottingham Manufacturing jumped 30p to 252 while Vantona Viyella lost964 words
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358 1985-06-18 15 ORIENTAL Holdings Bhd, diversified franchise bolder (or Honda, expects to continue feeling the effects of recession in the current year. Industry-wide sales in the first four months of this year were on the decline and Oriental expects profitability to be dented this financial year. This358 words
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Article345 1985-06-18 15 DIRECTORS of Vaa der* Herst Ltd have forecast that group net after-tax profits attributable to shareholders for the year ending September 30, 1965, will be not less than the $745,000 recorded in the previous year. In its rights issue document, the company says the directors also expect to345 words
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Page 14 Advertisements
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Advertisement486 1985-06-18 14 ulf International Bank B S (Incorporated In Bahrain) STATEMENT OF CONDITION As at 31.12.84 As at 31.12.8 As at 31.12.84 BD.OOO US$OOO ASSETS Cash and Due from Banks Money Market Instruments Placements Marketable Securities Loans Customers' Liability on Acceptances Fixed Assets Other Assets Total Assets LIABILITIES Deposits at Call and486 words
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Advertisement95 1985-06-18 14 NOTICE 11 .MK'HI' 11 3 Applications km been made to the directors of the company to issue duplicate share certificates m place of the teho»w| share certificates which have been rapartad lost ar destroyed:*****8F ****** Onj Nominees Pie Ltd 2JOO NOTICE IS HEREBY GIVEN that if withm 14 *ys from95 words
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Page 15 Advertisements
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Advertisement237 1985-06-18 15 RIGHTS ISSUE OF IS,l4ft£oo SHARKS OP $1.00 EACH AT $14)0 PER SHARE Sherehoktors of Van der Horet Limited are hereby informed that the Directors' Circular Letter, Pnwieional Allotment Letter and Excess Shares Application Form relating to the above issue have been deepalched by poet on June 17. 1965 to shareholders237 words
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Advertisement127 1985-06-18 15 YOU'RE IN r />« *V £2 J ?s'l i m >» IS We spectakse in international door-to-door, local household and office moves. Call Jennifer Kwok or Janet Lee at T«fc *****11 We take the burden off your shoulders i' I'vlvT' k1 I i ii -111 i kt* ventures 2 Finlayson127 words
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Article, Illustration432 1985-06-18 16 ALVIN TAY - Drop is less than estimated in Budget By ALVIN TAY INCOME TAX collection fell 3.4 per' cent in the last financial year its first decline in at least six years. But the fall was less than the government's 5 per432 words
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Article, Illustration458 1985-06-18 16 UFL Reuter THE White House said yesterday that the US will make no i inn nMinni to gunmen holding hostages aboard a Trans World Airline plane in Lebanon and said Shi'ite leaders in Beirut held responsibility (or the Americans' fate. Presidential spokesman Larry SpeakesUFL; Reuter; Reuter photo - 458 words
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160 1985-06-18 16 AP TERRORISTS could obtain enough weapons-grade uranium to make aa atomic bomb by raiding lightly guarded university nuclear reactors in the US. A former American arms control official, in a report prepared (or a forthcomong conference in Washington on nuclear terrorism, said yesterday thatAP - 160 words
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93 1985-06-18 16 UPI IRAN has changed its vmilitary tactics in the Gulf War and opted against massive land offensives in favour of small-scale daily incursions into Iraq. A senior Iranian official said: ."We started 10 days ago attacking Iraqi forces with one-day operations. "One advantageUPI - 93 words
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Article33 1985-06-18 16 Reuter THE International Football Federation might lift the ban on English teams after the Brussels tragedy, following talks with England's Football Association, the Daily Mail said yesterday. ReuterReuter - 33 words
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243 1985-06-18 16 Reuter THE Benigno Aquino murder trial adjourned for a week after the prosecution protested yesterday against, a ruling that it had rented its case. The court had asked the defence to begin presenting its witBut prosecutors leaped to their feet to object that theyReuter - 243 words
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Article412 1985-06-18 16 RICHARD SEAH - By RICHARD SEAH NTUC FAIRPRICE will dose two of its 36 outlets at the end of this month one in Upper Serangoon and the other in Bukit PanJnng. The initial public reaction might be that the closures are a reflection of tough times in the412 words
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Article316 1985-06-18 16 UPI JAPAN should reduce its economic dependence on exports, increase imports and stimulate domestic demand as a means of reducing international trade tension, says a government White Paper. The report, presented to the Japanese Cabinet yesterday, also laid major blame for world trade imbalances onUPI - 316 words
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461 1985-06-18 16 CHUANG PECK MING - By CHUANG PECK MING A MAJOR iron and steel foundry with pioneer industry status from the Economic Development Board is to be put up for sale. Industrial Alloy Company (INALCO) has advertised in The Straits Times to say that the461 words
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145 1985-06-18 16 Reuter HONGKONG and Shanghai Ranlrlng COTp «nH Rarit of China have provided a substantial line of credit to Ka Wah Bank, a relatively small bank listed on Hongkong stock exchanges. Hongkong Bank said yesterday it and Bank of China were concerned by last week'sReuter - 145 words
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Article75 1985-06-18 16 Reuter THE New York stock market retreated at mid-morning yesterday, with technology issues under renewed pressure. The Dow Jones Industrial Average was off five points to 1296. Declines led advances by a seven to five margin on volume of 22.31 million shares. Data General, which said itReuter - 75 words
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LATE FILE
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Article45 1985-06-18 16 Reuter BRITAIN'S Princes Margaret has bsen invited to vitt rwm But *"*<"!*«■"' palace ynstsi'rtiy said protocol a Beijing trip by the Queen in the •irtiimn of 1901 ww first. Princess Margaret must now wait until hsr rider sister has been there.Reuter - 45 words
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Article46 1985-06-18 16 Reuter A WEALTHY Thai taurines* man, Mr Wanchai Kamol, was kfflsd by gunmen as he tried to drag his fhmOy from their wrecked car after it was deliberately rammed head-on by a 10-wheri track. Police said three people had hffi detained. RouterReuter - 46 words
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Article66 1985-06-18 16 AP UNEMPLOYMENT in the 10-nation Europenn Economic Community held at IL4 per cent of the work force hi March, while consumer pricss rose 0.7 per cent for the second consecutive month. lbs EBCs economics division yalrdiy also said EEC industrial production rose L 5 perAP - 66 words
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Article47 1985-06-18 16 Reuter SOVIET leader Mikhail Gorbachev H— to meet Pnrident Reafaa but win not now travel to New York to ■wwiH a United NatfteM session is September, mid US industrialist Armand Hammer, who spent SO minutes In conversation with Mr Qorbachev yesterday. RenterReuter - 47 words
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Article46 1985-06-18 16 Reuter THE US apace shuttle Masted off Into doprddee on Us 18th mWan yesterday, carrying a full load of satellites and a "Star Wars" laser experiment. The Shuttle Discovery will carry out an arof §citßtSflC| OQQIBMPdsI and military tasks to earth's orMt RenterReuter - 46 words
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38 1985-06-18 16 Reuter THE International Confederation of Ftee Trade Unions has launched a campaign against British Tyre and 'Rubber Company, which it said was paying starvation wages to Black workers at a South African subsidiary.Reuter - 38 words
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Article45 1985-06-18 16 Reuter INDIAN police pfkmpd fire yesterday to dlspsrie rival groups fighting in a town in India's western Gujarat state. The Pre* Trust of India said a curfew was later clamped on Dholka town, 56km Oram die state capital of Ahmedabad. RenterReuter - 45 words
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Page 16 Advertisements
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Advertisement114 1985-06-18 16 CURRENT ISSUES IN INTERNATIONAL TRADE AND FINANCE iff* |gL|J|g| L, M a*l hLH fa of the New York ftmndbv Cndhi by Mil CHRISTOPHER CLARKE QC Documentary Letters of Credit and by MR HESLOP QC, Bermter. UK. Trust Hmipu: Credit Facility for Buyers Safaauardi for Bankers Ascinst Abuni by OR PHANG114 words
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Advertisement398 1985-06-18 16 Advanced Purchasing Supply Management Seminar Singapore, August 19 23,1985 In these days when profits are being squeezed in most industries thinking managements look to key business areas for a more effective contribution. Since input costs in the average manufacturing concern represent more than half output revenue, purchasing management opportunities can398 words
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Page 16 Miscellaneous
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Miscellaneous25 1985-06-18 16 Q99SDIiBQ Outlook Report for 24 hours prior to 7.30pm on Jun* 17 at th» airport. 311 M mm Rainy days tfc« montfc 31.3 h 1025 words
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SHIPPING TIMES
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209 1985-06-18 17 THE PORT Authority of Thailand (PAT) will have to cancel its pre-qualification exercise for the operation of the Sattahip port. Six companies have indicated their interests in operating the deep-sea port. Instead a new tender will be called. The operation of the container freight209 words
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Article138 1985-06-18 17 A SOVIET project to build a big dry dock at Buabury, a port on the south-west coast of Western Australia, has been refused by the Western Australian government. The As 23 million proposal is believed to have been turned down because it was seen as a threat138 words
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Article406 1985-06-18 17 JUNE LIM - By JUNE LIM SCANDUTCH HAS taken steps to reduce the transit time on its Far East/Europe service. Westbound voyages from Japan to Western Europe has been trimmed back by two days while the transit from other major Far East ports has been cut back406 words
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Article65 1985-06-18 17 Reuter HEAVY monsoon rains have disrupted work at India's western and southern ports and at least 35 ships were waiting for berths at these ports last week against 26 at the start of June. About 13 ships were awaiting berths at Bombay, 10 at Kandla,Reuter - 65 words
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Article113 1985-06-18 17 MACLEOD International, the Philippines operating company of Jardine Shipping Agencies, has opened a new branch in Cebu. The new branch, controlled from Manila, will enable Jardines to offer its principals to have a wider coverage of customers. Mr David Barker, regional manager of Jardine113 words
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PORTSIDES
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Article29 1985-06-18 17 THE Singapore National Shippers' Council will hold its 12th annual general meeting on June 29 at the conference room of the Singapore Chinese Chamber of Commerce.29 words
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Article86 1985-06-18 17 Reuter 9 SOUTH KOREA WILL expand Pusan port, enabling it to handle seven 50,000-dwt container ships at the same time, compared with the current capacity of four such vessels, the Korea Maritime and Port Administration (KMPA) said. TTie expansion, costing 211 billion won, will beReuter - 86 words
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Article81 1985-06-18 17 Reuter MEMBER LINES of the Japan/India-Pakistan-Gulf/ Japan Conference said they will cut bunker surcharges on Japan/India shipments to 28.4 per cent from 31.8 per cent, on Pakistan shipments to 29.0 per cent from 32.5 pert cent and on Japan/Arabian and Iranian ports to 29.2 per cent from 32.7Reuter - 81 words
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Article575 1985-06-18 18 Fairplay IT IS NOT possible to make a simple comparision with the state of shipping 10 years ago. Yet for the Greek shipowner, decreasing international trade and rising operational and capital costs have brought financial headaches during that period. Basil Koutsis, of Trade and Transport IncFairplay - 575 words
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Article1601 1985-06-18 18 TIME-CHARTER fixing was fairly active on the freight market on Friday especially far vessels sailing from the Far East, while a firmer trend was seen for grain from the US Gulf to Japan, shiphrokers said. A 60,000 tonner was fixed on time-charter for a Cedros Island round voyage1,601 words
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Article683 1985-06-18 18 AB Shpg V 5 F upward Line IV 5 Afeo Lin* VI 3 Gesuri Lloyd VI 5 A PC Lira V 4 Glory Nov'tion IX 2 APL 2/3 Golden Loe VI 4 Anro S*rv<e VI 1/2 Hangli Shpg V 5 ANL 1 1 Hapog Lloyd IV 1683 words
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307 1985-06-18 18 Lloyd's List DUTCH SHIPOWNERS warn that they may have to register more of their ships under flags of convenience if tax laws are changed. The Royal Netherlands Shipowners' Association (KNRV) says in its annual report that until now Dutch owners have decreased theLloyd's List - 307 words
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Article188 1985-06-18 19 Reuter THE PAST YEAR has seen the signs of the forecast improvements in tanker demand, Terminal Operators, the research arm of shipbroker Eggar Forrester, said. However, it said it remains guarded since supply/demand equilibrium is unlikely to be seen even by 1968 despite a tonnage demand increaseReuter - 188 words
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436 1985-06-18 19 SHIPPING AND commerce faces an even worse recession from next year, predicted Norwegian owner Mr Fred Olsen. He told Lloyd's List: "We are about to enter an even harsher recession. As far as we are concerned we have been preparing for the436 words
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399 1985-06-18 19 THE OUTLOOK FOR the dry cargo shipping market has improved over the past 12 months but prospects continue to be dominated by tonnage supply, Terminal Operators, the research arm of London shipbroker Eggar Forrester, said. It said the peak of399 words
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Article212 1985-06-18 19 Jaae 11-21 26th Congress of the Permanent International Association of Navigation Congresses, including the Brussels International Navigation Exhibition, Brussels Exhibition Centre. Jue 18-11 A Sea trade seminar on the market predictions for bulk shipping, the Whitehall Club, Whitehall Building, 17 Battery Place, New York, NY *****, USA. Jut212 words
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Article186 1985-06-18 19 THE MAJOR shipping consortia operating between the Far East/Europe, Far East/Persian Gulf, Strait* 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 Yaw? Shiooina. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedlloyd186 words
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84 1985-06-18 19 Reuter THE WELLINGTON Harbour Board said shipping movements are normal following moves to send a tugmasters' dispute to arbitration. Board general manager Charles Hardy said two container ships delayed late last week by the dispute unloaded and sailed on Saturday after tugmasters agreedReuter - 84 words
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6477 1985-06-18 24 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.6,477 words
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Article679 1985-06-18 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO t Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Pegasus P 382N 18 6 85 2300 Straits F1 0900-1100 Gl Siri Bhum 224N 19.6.85 0100 S'pore Shpg F8 1100-1300 Kl As Princess 260 19.6.85 0700679 words
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Article1680 1985-06-18 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A-i A Top Enterprise* Pte Ltd Sam* (S) AB Shipping Bousteod Shpg Agencies Afeo Line Afncon Shpg Agencies (S). Ahrenkiel Lmer Kim Shpg (5). Alfred C Toepfer Oceoncrs Shipping Agencie» (S) Multiport Sdn Bhd (PK).1,680 words
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Article336 1985-06-18 26 DULL conditions returned after last week's flurry of activity in the Gulf states area as charterers and traders played a waiting game in anticipation of a further weakening of oil prices. Traders feel that the present number of ships laid up cannot but increase as more and more336 words
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Article480 1985-06-18 26 AT CONVENTIONAL WHARVE8 Vessel Berth Agent Arrival Departure KEPPEL WHARVES t Baroness K34 Sunship alongside 18.6.85/0600 Danoh KI7 Borneo alongside 18.6.85/2300 Inabukwa K19 Petni alongside 18.6.85/1500 Manoloeverett K21 Everett alongside 18.6.85/1930 Sun Lotus K27 Sharp alongside 18.6.85/0600 Tongbaishan K15 Y Fung alongside 18.6.85/0600 V'va Madhuri K32 R480 words
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Page 17 Advertisements
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Advertisement479 1985-06-18 17 Monthly from Pitman Available at a* good bookshops and newsagents IfiTimes lIIL9 Distributors < fk. w J- w 70 Mo* Wf #04-03 Mm MM 0207 Td: *****11 Tola *> K ***** CfS OfFCt TfC #03-021 T* *****31 222*32 Twnml OHk* TfC #tto3o T# *****90/22W593/*****01 ORIENT Contemn IINE I mm JMMK479 words
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Advertisement74 1985-06-18 17 FOR THE GREEK shipowner, decreasing international trode and rising operational and capital costs have brought financial headaches. Page H SHIPPING AND commerce faces an even worse recession from next year, predicted Norwegian owner Mr Fred Olsen. W Page 111 Index to odvertisers H Weother mop VW London freight II Contoiner74 words
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Advertisement657 1985-06-18 17 M-fmys** SHIPPING COMPANY SOUTH EAST ASIA, JAPAN, INDIA, USA CANADA. Agent Singapore Soviet Shipping Co Pte Ltd TEL: *****3 MAERSK LINE P,Mng ESE? cs w 1 jtwin QMHI laa CT 178 MMMS CFS 17/1 KM MB ESS £5 USA. EUROPE. MIDDLE EAST. 1 CfS 21 tee I7M MB 55 88/7657 words
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Page 18 Advertisements
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Advertisement339 1985-06-18 18 YAMABHITA-SHtNMIHON LtM€ contamcm services USA/CANADA at Tokyo •I Kobo V> 1/1 vt 13/1 11/1 U/S 11/0 a/a li/i s/t occopttog LCL Cargo lor USA Porto only. Mm an* R Mm I Ito h m is FANLY HQ ao«t as CL Ik to. L Smrnmy. MPm. HRMHi KMf ifU. rWM, T339 words
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Advertisement385 1985-06-18 18 11 uX Supercairier Service icr*nf SM 24/1 27/« 3M 2/7 J/7 S/7 12/8 114/1 lU/1 (M tin ivi nn nn Tin nn nn *n |v» Iv* iw a/7 v» ;/i im w ivt iw w a/4 I i/» KIT MHMM.S TOUKOMC 24/4. MMCI WBBt VI TO: CALIFORNIA PANAMA US ATLANTIC385 words
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Page 19 Advertisements
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Advertisement841 1985-06-18 19 The Straits Steamship Group OOL Overseas Containers Limited STRAITS SHIPPING Singapore to Satoah, Sarawak, Brunei Ports and Bangkok I CONTAINERS*? SERVICE 10 UK CONTINENT SMS" HMMK EVKS OSAKA MT uoroa mt HOKUMS EVKSS KOmOOH MT s>M r«ta| a/i 21/1 a/« a/t M/ 7 M/ 7 11/7 13/7 »/7 S/7 a/7841 words
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Advertisement471 1985-06-18 19 Franco Bt>/(j/dn Sor u/ces r n iMtMHIHOI ACf CONSORTIUM I ,1, I Jt IradMb carp t»/ta PK CHARGFURS HAVRAISF MEDEX I INF /tiihv (W( D CLUB MfMßFfil 17 tm 11 km Sim rnim 23 km 27 km 4 M CM U km 21 km H km 2» km U M471 words
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Page 20 Advertisements
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Advertisement373 1985-06-18 20 I Hapag-Lloyd TO CONTINENT UK EXPORTS 18/7 12/7 13/7 IS/7 a/7 a/7 a/7 a/7 17/7 M/ 7 M/ 7 1/1 1/1 1/1 4/1 N/1 12/1 11/1 15/1 ii/i a/i ii/i a/i a/t a/i a/t u/i l/» 5/1 l/» (to camaft to Scamfnavia, Med, Carribean i S. America Wand hadafe to373 words
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Advertisement56 1985-06-18 20 4 K.S.ljne FULLY CONTAINERISED SERVICE 10 IUROPf Vl* Sl*/' 1 Memfcf, 01 Ihf *cr CofTwnt**T- 'ROM {IWQPt Vl* SIX/ J Mrtry. Qt thf »(t C omoitiuri FULLY CONT »lf# RISF P 10 FROM NOW I H iMfRIC* WSI UI*M CONVENTIONAL SERVICE To/From BUSfIN CONVENTIONAL SERVICE TO IRAN PERSIAN GULF FSB-Ji.ii56 words
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Advertisement508 1985-06-18 20 L\«f_ AGENCIES PTE. LTD. #09-07. ROBINA HOUSE. S PORE 0106. TEL: *****88. TELEX: RS ***** BOOKING: *****56 (OIRECT LINE) SINGAPORE TO PENANQ SINGAPORE TO SARAWAK •EQUATOR IV •EQUATOR l.v'l SINGAPORE TO SABAH SINGAPORE TO BRUNEI •OSONN a* 15/15 hi Pert 21 J» EQUATOR V SM 14/15 22 km 25 km508 words
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Advertisement940 1985-06-18 20 o EVERGREEN Full Contjiner Sfry L Round-The-World East Bound Service (FE/C ARIB/USEC/EURO/FE) EBM/n mnn EBMI iv nk n as m ok no ivi 29/ i a/« a/i vi %n in tp tn %n 7/7 %p un m/ 7 av7 U/7 11/7 M/ 7 M/ 7 21/7 21/7 M/ 7 u/7940 words
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Page 21 Advertisements
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Advertisement609 1985-06-18 21 V\v PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street. 03-00 Singapore 0106 Tel *****33 KOTA TMRJR HOT A WAMQI KOTA RAJA VOVAQC E-W7 EAST AFRICA/REDSEA SERVICES rrrr HtWMTAH. ADEN, HOOCOAM, JCO DJMOtm, KMBU, P DJMOUTI, HOOBDAN, SUDAN, LATTAKIA COLOMBO/CHITTAGONG/RANGOON SERVICES CHINA SERVICE 21-22/6 27-29/6 KOTA ANGKASA KOTA JADE BANGKOK/INDONESIA SERVICES609 words
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Advertisement571 1985-06-18 21 BENLINE CONTAINERS in JE STQK PJttLANS m/i mi 27/ i 4/7 V 7 I»/7 17/7 M/ 7 11/7 I/I 11/7 11/7 »/7 1/1 1/1 4/1 I/I M/ 7 22/7 7/1 »/l U/S 12/1 14/1 21/7 M/ 7 4/1 t/l U/l 11/1 19/1 21/1 73/» ALL VESSELS ACCEPT KkJJEBSEN LINE K.571 words
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Advertisement533 1985-06-18 21 DJAKARTA LLOYD INDONF SI AN MA T|( >NAI < Nf immmmt mnm 11/4 iv* w/4 I a/« OMAV2I/W 22/4 IV* 27/4 3/7 I 1/7 24-2V4 12/7 14/7 17/7 11/7 lf/7 »/7 rrm auao a/mh/k/mi ir—r ,«w Hi/7 31/7 3-S/l M/t 9-14/1 H-22/7 14-14/1 19-22/1 23/1 UNO «A T/S TO V533 words
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Advertisement481 1985-06-18 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STM Load* for S>«* PJMa* Pat» VtM MVI 9 lm HiMlwipHm BSSW 22/23 Jm Pi aVKN 2/5 M ••Pteyo VMM 25/28 km Lm*| far M, JH( BANK UNI SPORE R'DAM HULL HMBG FORTHBANK 21 Jim 19 Jul 23 Jul 16 Jul MEADOW BANK 24 Jul481 words
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Page 22 Advertisements
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Advertisement1042 1985-06-18 22 K LINE KAWASAKI KISEN KAISHA, LTD.— ECUADOR/PERU/CHILE maam motkr** ni nu k spok rok guataqurcauao «c* W* kkmta samtomo»*u>«raiso ASM ST* *37 IWWI nti »ti ah Ml* I M 25 Ax 2Sx W 7 W ll* 11 Sx Uh» HMGRMB. MM. MM, SMKU MR KOK SOUTH AFRICA STOK U CCNSTMfTM1,042 words
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Advertisement470 1985-06-18 22 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE Lm4m| tor LOS ANGELES. SAN FRANCISCO. SEATTLE. TACOMA. VANCOUVER B C Acciptmt Fa/Fa CwUnri PMan| Support L Anfttes WMMfTT VI M» R* 1 AX AUSTRALIA EXPRESS CONTAINER SERVICE JAPAN SERVICE UpM| hr fate. htm. Oufa. a* TM-/V taw -mm Tiar 9R. INDIA SERVICE470 words
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Advertisement436 1985-06-18 22 SANKO ASIA FROM JA*AN€S€ K>NTS AND HONOROHC 23/24 1M 27/21 Jm 29/27 la 4/5 M 9/7 M 9 10 M 14/ IS M 1. DOS ORENTE 2. PMJSTM VKO 3 BULAI 4. GOTONG WTO« 5. FUKUZMI MMU 6 MID SLA 7. NPPO MMU 21/22 m 24/29 to 21/3 Im 1/3436 words
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Advertisement305 1985-06-18 22 INTRASEA J PTC) LTD 4* I S2 J S n BREAKBULK SERVICE TO EUROPE/UK Vpmt P. lilinilnfci tarSaM SM Kon/MT/lix: (I T £i '11CL—\SB P.T PERUSAHAAN PELAYARAN KALIMANTAN DRECT MEEKLY SERVICE TO JAKARTA CE TO 6 t i 'At KSTMKTDN Vessel ETA/ETD KSTMKTDN IMM XXI *r 14/05 B/20 km ttita/CMa305 words
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Page 23 Advertisements
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Advertisement630 1985-06-18 23 FAR EAST/EUROPf FULLY CONTAINERISED SERVICE TO EUROPE/UK (VIA SUEZ): Plata* S pore K CHANCE 22W+ Sailed 19/6 m comma 4S* (24/6) 26/6 15/7 16/7 is// zo/ 0 CHEF WW 1/7) 3/7 22/7 23/7 25/7 27/ RMCCJM2M (8/7) 10/7 29/7 30/7 1/8 3/ N onm m (15/7) 17/7 5/8 6/8 8/8630 words
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Advertisement491 1985-06-18 23 HEUNG-A SHIPPING Korean Flag Vessel* SEMI CONTAINERISED DIRECT SERVICE TO P KEI ANG. PENANG. BUSAN. INCHON V 7 IV7 a/7 n/7 »/i kM 22/1 14/4 V 7 4/7 11/7 15/7 11/7 24/7 21/7 I M/fM (MU Hi (44-12 M MB) Nff'MW *',f h< IK P!I 1 u < •4'.4 H-mfc-.491 words
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Advertisement463 1985-06-18 23 SINSOV SINGAPORE SOVET SUPPING CO PRIVATE LTD SMSOV BULOM6 55, Market Street Sincapore 0104 TetapboM Numbers *****3 (15 Uw) Cable Address SMSOV SMWORE Telex Numben RS ***** RS ***** RS ***** p. keljmg rnwc M/S SMMUT lIRN SOON SON BM>. IST AND 2ND FLOOR. MSSRS Ml TMMB WW 23 MM463 words
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Advertisement19 1985-06-18 23 mi LONC SATU Uf 77 hM IBM tflf 91 ®V§ JAMBATAN MERAH SDN. BHD. P. Kriuv: anOW/7 K.L. *****7/*****119 words
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Page 24 Advertisements
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Advertisement591 1985-06-18 24 Iltc;|i»iial Container Lines p,,, g 4 Sailings weekly |H |j Past Reliable Regular Punctual Berthing P S A Mon. Tue. Thur, Sat VEB DEUTFRACHT/SEEREEDEREI ROSTOCjt FORTMGHTIY FULL CONTAINER SERVI POT9MM 4/tS 1 PUHMUi/15 2 iflrat 4/fe i m AMwp stok Mmrar ram mmm 26ta* It M *21M 22 M 21591 words
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Page 24 Miscellaneous
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Miscellaneous151 1985-06-18 24 I T 1 —<1 *Tj C% s v, P5 r fif«lJ °C yA cr* Wind direction with speed in Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AM. TH» MO LEGEND' R. T.wnder»tol m Temperature °C Shower Weather Wind ■I*** 1 »™ot* lUta Wave tolilH Cloudy Sky ave neignt151 words
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Advertisement95 1985-06-18 25 MBC AGENCES f—*m K. LUMPUR mpm P KELANG a f DftiWnU LEOSHP SPORE *****8/*****6/*****8/*****3 *****1/4 TERMMAL *****1/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE imzi 11 TniFni ;i ftttti 3 ■EMSZI i mrnmmrn iwry ASO ACCEPIK FOR: I WTTOf, L. HMHE, UK, HQDI. COPENHAGEN. OSLO ALSO ACCEPT* FROM EUROPE95 words
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Advertisement118 1985-06-18 25 REGULAR SERVICES TO I ITSW SOON KIAT SHIPPING PTE LTD 3 SMENTOR WAY #2M5/M SHEMTOH NOUS Tan HM Sn Km tta 3 U/R SmlaM Vt/K tarn **H hnvy M cvpn I H I 40 Fa *t«nts Shppvt I* 22HMt (5 hn) 220RJ5 Trin: BXIJS P 6**| Pm C«<n fwit| <*)118 words
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Advertisement257 1985-06-18 25 -LICORNE m MEOULAR SEM-CONT4 r-"COOAL AGENTS SEMJON SHPPPG (X) HE LTD. SNWOtt MIO/lOOBHO TEL HBSttl (t TO BANQU-DUiVMUWI LAMKA/PAKJSTAN H/V CGM VM V7ISS M/V AMMGNAC VBLSS Scan Dutch To Europe (Med UK NC Scan) B B«Un| SM B Butane 20/6 B Butane 27/6 B Butane 4/7 B Butane 11/7 B257 words
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Page 26 Advertisements
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Advertisement347 1985-06-18 26 Part k> port, papk o ■—wril MitsuiOSK Lines. Ltd CONVENTIONAL/SEMI-CONTAINER AFRICA'S r ALTAI MARU 19 Jun Mombasa, Daressalaam APOLLO PEAK 25 Jun Port Louis. Reunion HEROiNAE 4 Jul Mombasa. Daressalaam. Tanga. Vacate Betra. Tamatave GLORIA PEAK 24 Jul Port Louis. Reunion HIMALAYA MARU 16 Jun Monrovia. Abidjan. Lome. Apapa. Douaia,347 words
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