The Business Times, 18 September 1984

Total Pages: 30
1 30 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 TUESDAY, SEPTEMBER 18, 1984 60 CENTS
    12 words
  • 320 1  - Asian market shows signs of recovery By SOH TIANG KENG Banking Correspondent SIGNS of a sustained recovery are appearing on the Singaporebased Asian dollar market, after nearly two sluggish years. Latest government statistics show that total market assets soared to U*****.04 billion in July, up $1.06 billion from June. This
    320 words
  • 647 1 Greenback's uptrend expected to continue into first half of 1985 AS THE US dollar continued to trounce the other major currencies of the world, Mr Henry Kaufman, chief economist at Salomon Brothers, fuelled the relentless rise of the greenback by forecasting that it is unlikely
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  • 330 1  -  By LEE HAN SHIH TUNAS BUILDING, once the Singapore flagship of the Carrian group, will soon have a new foreign owner. Negotiations between Wardley Ltd, which owns about 90 per cent of the Anson Road building, and an undisclosed foreign buyer is believed to
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  • 297 1 Reuter MALAYSIA'S national oil company Petronas may be forced to cot back on oil field development expenditure In the short term as a result of Its I 531.13 billion plan to rescue ailing Bank Bumlpatra, bankers in Koala Lumpur said.
    Reuter  -  297 words
  • Article, Illustration
    66 1 IN RESPONSE to a nine-point rise on Wall Street, the Singapore stock market attempted, with a small measure of saccess, to improve most investors' sentiment yesterday. Most share prices finished higher but on slightly reduced turnover. At the final bell, the BT Composite Index had put on 1.95
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  • 473 1  - F N to open first cafeteria outlets at Singapore General Hospital By JOHN LIM POTENTIAL franchisees looking for new outlets need not look across the Pacific for hamburger, hot dogs or new varieties of chicken. That old friend of the thirsty Singaporeans, Fraser Neave, is pushing ahead with new ideas
    473 words
  • 454 1 Bernama CZARNIKOW Commodities (M) Sdn Bhd, a floor member of the Kuala Lumpur Commodity Exchange (KLCE) and which officially ceased its operations from yesterday, has emphasised that its pullout from Malaysia has nothing to do with the problems plaguing the exchange. An
    Bernama  -  454 words
  • 101 1 Bernama THE MALAYSIAN government is exploring the possibility of setting up "agricultural youth brigades" on a non-military national conscription basis to help ease the shortage of plantation workers. Land Regional Development Minister, Datuk Seri Adib Adam, who said this yesterday, added that he would
    Bernama  -  101 words
  • Page 1 Advertisements
    • 98 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Road Runner Nothing can take its toll on a runner like the road. That's why you should run in a shoe specifically designed to cushion the blows. Now you can hit your stride. Without getting hit back. new balance Available in widft size XJJE.4E
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    • 267 1 mm SHARE INFORMATION 17 RAW MATERIALS 16 MONEY EXCHANGES 13 HEWLETT-PACKARDSingo-pore has announced a major restructuring of the company to make it more competitive in an increasingly consumeroriented market. Page 2 ANDREI GROMYKO's UN comeback after a year's absence and his rendezvous on Sep 28 with President Reagan have turned
      267 words
    • 8 1 Full report, Pag* 17 Asian stocks, Paga 15
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    • 7 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM tf
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  • HOME NEWS
    • 389 2  -  Operation to be split on marketing basis By LEE HAN SHIH HEWLETT-PACKARD Singapore (Sales) took a big step for its customers yesterday. At its office in Inchcape House, HP Sales managing director Victor Ang announced a major restructuring of the company to make it more
      389 words
    • 129 2 THE NATIONAL University of Singapore will hold a seminar on Sep 27 for accountants. Professor Robert Sterling, Garff Professor from the Graduate School of Business, University of Utah, will visit the NUS Faculty of Accountancy and Business Administration from Sep 25 to 27. He
      129 words
    • 56 2 MORE THAN 80 people from various industries and government bodies attended a threeday seminar on safety in gas welding and cutting. The seminar, which was held from Sep 11 to 13, was organised by Panweld, a supplier of welding and cutting equipment for the region. During
      56 words
    • 294 2  -  By ANNA TEO WHEN THEY are through with maintaining law and order for the day, junior police officers will now have more room and facilities in which to unwind. Tucked away like a little hide-out in district 10, the Junior Officers
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    • 257 2 THE INCREASING number of young professional jewellers in the local scene is a sign of a maturing industry. Armed with their degrees and certificates, they show that the local jewellery trade is being upgraded and is moving towards international standards. Mr Lim Kee Ming,
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    • 91 2 A NEW MAGAZINE on microcomputers, Micro Decision, will be launched on Oct 20. The magazine will provide readers with an in-depth analysis of trends and developments, detailed investigations of popular and forthcoming equipment and programmes, and articles on the experiences of other buyers. The
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    • 345 2  -  By LIM SOON NBO CATS is meant to put Raffles City Convention Centre on the world map for conventions. The Convention Audiovisual and Television System (CATS), to be installed by General Electric Company of Singapore Pte Ltd (GEC), will include a simultaneous interpretation
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    • 113 2 NTUC-Ineome's general manager, Tan Kin Lian, has been appointed a member of Income's board of directors. Mr Tan becomes the first full-time executive of an NTUC co-operative to be made a director with full voting rights, according to the latest issue of The Singaporean, an NTUC
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    • 206 2 Seminars and courses DURATION TITLE VENUE ORGANISER Sep 18,19 Credit Control Management Legal Aspects Of Credit Control Sep 18,19 Leasing Financing For The Construction Industry Sep 19-20 Customer Satisfaction SkiHs Sep 19-20 The Brain SkiHs Seminar Sep 19-20 CAD/CAM Overview Seminar Sep 20-21 How To Produce Successful Computer Documentation
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    • 322 3 PRINTING machines dealers face a rosy future in Singapore, said the president of Ryobi. "There is a growing market in Singapore," said Mr Hiroshi Urakami who heads the Japanese company. Apart from being a major maker of printing equipment, Ryobi is also one of
      322 words
    • 192 3 THE GROUNDWORK for a new junior college in Tampines is being laid with the recent award of a $1.4 million piling contract to Sum Cheong Piling. The company clinched the Public Works Department contract after beating five other companies for the job. Pilecon Engineering's
      192 words
    • Article, Illustration
      526 3 A NEW attack helicopter is being equipped with a pair of advanced electrooptical systems which enable aircrews to fly lowlevel night missions over rough terrain and to fire ►TOW anti-tank missiles from behind protective cover. These systems, developed by Hughes Aircraft Company, are the Hughes Night Vision System
      526 words
    • 97 3 THREE TRAINING institutes of the Vocational and Industrial Training Board (VITB) will hold their Open House this month. Students, school-leavers, parents, industrialists and members of the public are welcome to the institutes to familiarise themselves with the training offered. The schedules for the
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    • 364 3  -  By LISA LEE OFFICE space in the predominantly residential Marine Parade area is being steadily taken up despite the slowdown in the property market. The two main office blocks in the area, People's Parkway Tower and the offices at Parkway Parade, have sold
      364 words
  • Page 2 Advertisements
    • 73 2 EXECUTIVE DESK (LEATHER TOP) Usual price $6550 NOW $3950 Fabulous Offers from Frans From today till 22 September, our complete range of Serie Big Office furniture are going on special offer. So now's the time to get up and get some of the best deals in town. LEATHER I The
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    • 161 2 INVITATION TO PREQUALIFY FOR THE DEMOLITION WORKS TO A REINFORCED CONCRETE 8 STOREY 7,000m 2 HOTEL BUILDING IN JAKARTA, INDONESIA Interested contractor with previous experience of similar works to submit the following data, to be received no later than 24 Sept 1984, to Business Times Box No 5346 Times House
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  • Page 3 Advertisements
    • 322 3 Beautiful Natural Scenery An Ideal Home Good Value Returns Best Investment Opportunity l vppui luimy r Phase 111 Luxurious Double storey Split-level Terrace Houses of Bedok Rd/ Upper East Coast Rd ~rA *4 r* If. Ik r m 2 \K 11 < Ilk m i ui > I! I! 1
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  • Page 4 Advertisements
    • 527 4 /X v <^ stree mi f o topE°sJffcr3« he way we plan ~j)tf v j 1 JrjQD iSQI f. F r+ L fH »«i J 1 mmf v our offices we, xitfTin nr-r-~~~"T%2v lr-irr~K Js&J i TTTO" os3irn%aD v *?s would nt get very far. A, f\ 7 Business World
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  • OVERSEAS
    • 378 5 Air piracy new weapon in Gulf war Reuter IRAQ'S charges that Iran was behind the attempted hijack of an Iraqi airliner on Saturday has prompted fears that air piracy may become the latest weapon in the four-year-old Gulf war. The bitter conflict has already seen the use of chemical weapons,
      Reuter  -  378 words
    • 274 5 AP EGYPT will soon launch a new Middle East peace initiative aimed at bringing all concerned parties to the negotiating table, Foreign Minister Esmat AbdelMeguid told Parliament on Sunday. In a policy statement before a joint meeting of the national security, foreign and Arab
      AP; AP Photo  -  274 words
    • 151 5 AP THE SUPPORT rate for Japanese Prime Minister Yasuhiro Nakasone's Cabinet dropped five percentage points in half a year to 36 per cent, while the proportion of those who are "indifferent" to politics increased to 35 per cent, a Mainichi Shimbun survey said yesterday. The
      AP  -  151 words
    • 341 5 UPI WHILE EUROPE worries about a cargo of 300 tonnes of uranium hexafluoride that sank off Belgium's coast, Japan is toying with the idea of sinking 1,000 times that much radioactive material in the Western Pacific. The plan to dump hundreds of thousands
      UPI  -  341 words
    • 329 5 AFP A SERIOUS diplomatic crisis has blown up between Bonn and Rome over remarks made by Italian Foreign Minister Guilio Andreotti against the reunification of Germany, which is enshrined in the foreword to the West German Constitution. For the second time in 48 hours, Italy's ambassador in Bonn, Luigi Vittorio
      AFP  -  329 words
    • 578 5 Agenda includes formula for loans Reuter DEEP DIVISIONS between major debtor nations and rich industrial countries will dominate the annual meetings of the World Bank and International Monetary Fund (IMF) in Washington this week. The meetings, to be attended by financial leaders from 147
      Reuter  -  578 words
    • 105 5 NYT A GROUP of US lawyers who plan to attend a legal conference in Havana charged on Sunday that the Reagan administration was engaged in an unconstitutional effort to discourage them and other professionals and scholars from visiting Cuba. The lawyers, speaking at a
      NYT  -  105 words
    • WORLD IN BRIEF
      • 43 5 SRI LANKAN President Junius Jayewardene has announced that more than 90,000 people of Indian origin who work on the island's tea plantations would be given Sri Lankan citizenship. These people have been regarded as stateless since Sri Lanka became independent in 1948.
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      • 55 5 THE NIGERIAN Medical Association has endorsed a strike by doctors at the nation's public hospitals in spite of an order from the government to return to work. The doctors began their strike last Monday to force the government to provide drugs and other essential facilities which are in
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      • 39 5 VIETNAMESE Comnvinist Party secretary-general Le Duan will make an official visit to India from Sep 21 to 26, a spokesman in New Delhi said. Mr Le Duan will meet Prime Minister Indira Gandhi and her Cabinet colleagues.
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      • 44 5 A SOVIET official indicated in a US television interview on Sunday that five American seamen detained between Alaska and Siberia would be freed soon. The official said that the seamen and their fishing supply boat presented no danger to the Soviet Union.
        44 words
      • 51 5 FILIPINO Primate Jaime Cardinal Sin will make the first visit ever by an Asian cardinal to China from Oct 27 to Nov 6, a church spokesman confirmed in Manila yesterday. It will be his second visit to China, but his first as head of the Philippine Roman Catholic
        51 words
      • 31 5 Agencies KUWAIT will shortly start taking delivery of a new fleet of French Mirage fighter jets to boost its air defences, a French embassy spokesman said on Sunday. Agencies
        Agencies  -  31 words
    • 497 6 Hopes of thaw in US-Soviet ties revived AFP ANDREI GROMYKO'S UN comeback after a year's absence and his rendezvous on Sep 28 with President Ronald Reagan have turned the spotlight on the 39th General Assembly opening today amid revived hopes of a thaw in
      AFP  -  497 words
    • 343 6 NYT THE SOVIET UNION, faced with rising oil-production costs and stagnating output, has begun to reduce its subsidised to its allies, according 3to a study of Soviet energy prospects published by the Brookings Institution. The author, Ed Hewett, discussed his findings
      NYT  -  343 words
    • 122 6 AP WORLD OIL prices are not likely to drop, but they probably will not rise until 1986, an executive of Mexico's national oil company said. Mario Ramon Beteta, general director of the Pemex Oil Company, said last Saturday that Pemex plans to keep
      AP  -  122 words
    • 399 6 AFP A LEADER of the ousted Khmer Rouge faction has rejected as a "trick" Vietnam's latest overture towards a political settlement in Cambodia. Son Sen, the last Khmer Rouge Defence Minister, said in an interview broadcast yesterday that Vietnamese Foreign Minister Nguyen
      AFP  -  399 words
    • 207 6 AFP CHINA HAS repeated its call for a complete withdrawal of Vietnamese troops from Cambodia. "The key to the solution of the Cambodian problem is a total withdrawal of Vietnamese troops from Cambodia," said the Chinese Communist Party newspaper, the People's Daily. It charged
      AFP  -  207 words
    • 255 6 Reuter THE leader of Britain's striking miners said on Sunday he would take their case to an independent third party after the breakdown of talks with the National Coal Board (NCB) last week. National Union of Mineworkers (NUM) president Arthur Scargill
      Reuter  -  255 words
    • 441 6 Reuter ABOUT 4,000 striking car workers were told by their union to go back to work at a General Motors (GM) factory yesterday, but the union said almost 60,000 workers would stay out at 12 other GM plants. The return to work at
      Reuter  -  441 words
    • 313 6 NYT UNITED Press International's former president and chief operating officer, Mr William J Small, had threatened to take legal action against the company for abruptly terminating his services one week ago.* Mr Small said on Saturday that he had no plans to
      NYT  -  313 words
    • 160 6 Reuter MARSHAL Nikolai Ogarkov, dismissed as Soviet chief of staff, has been appointed to head a Moscow staff college, a US military expert said. William Jackson, a former arms control adviser to the Carter administration, said he learnt of Marshal Ogarkov's appointment in
      Reuter  -  160 words
    • 782 6 ARRIVALS Operator Service Local From number time RBA BI42I 1000 BWN SIA SQI03 1005 KUL CPA CX7I0 1035 HLP G»A GA960 1100 HLP SIA SQ105 1105 KUL SIA SQ20I 1115 HLP SIA SQ19I 1210 PEN MAS MH682 1230 KCH MAS MH603 1235 KUL GIA GA940 1235 MES
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    • 471 8 UPI MR WALTER Mondale, denying he wants to "upstage anyone," has arranged a meeting with Soviet Foreign Minister Andrei Gromyko one day before President Reagan. The Democratic presidential nominee, trailing Mr Reagan in the polls by anywhere from 15 to 30 percentage points, will concentrate
      UPI; UPI photo  -  471 words
    • 371 8 UPI GOVERNMENT ministers and officials from countries responsible for 95 per cent of the world's trade met informally in Rio de Janeiro, Brazil, on Sunday to discuss easing barriers on international commerce. "It is very important that the countries which care about
      UPI  -  371 words
    • 398 8 INDIAN Prime Minister Indira Gandhi yesterday faced a renewed electoral threat from her political opposition after NT Rama Rao's reinstatement as Chief Minister of Andhra Pradesh Several national opposition leaders described Mr Rama Rao's return to office after a stormy month out
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    • 227 8 AFP IT IS easier to find a kindred spirit to share one's life in Shanghai than to find a flat to share it in, according to an article recently published by the English-language China Daily. A recent survey in Shanghai showed there were 8,245 newly-wed couples
      AFP  -  227 words
    • 122 8 Bank Bumiputera Malaysia Chairman Dr Nawawi Mat A win reiterated yesterday that the bank will not hestitate to take action not only in Hongkong but in Malaysia and anywhere else, against anyone who is shown to have committed any wrongdoing in the BMF loan
      122 words
    • 323 8 Bernama The Malaysian government has invited Taiwanese businessmen to seriously consider setting up joint venture projects in the machinery and plant equipment industry in the country. Deputy Trade and Industry Minister, Haji Muhyuddin Yassin said yesterday the domestic manufacture of machinery and equipment would
      Bernama  -  323 words
    • 173 8 UPI A FIVE-METRE shark surfaced in shallow water among, a group of shellfish divers, grabbed one and dragged him under before surfacing again with the dying man in its jaws, sheriff's deputies said in Pescadero, California. Swimmers and divers were warned to stay out of the ocean
      UPI  -  173 words
    • 191 8 Reuter THE HOTTEST concept in office automation today is the multi-user computer, a system that allows anyone with a personal computer to share files and information with from two to 100 co-workers. The big names in the industry International Business Machines, American Telephone
      Reuter  -  191 words
  • Page 5 Advertisements
    • 455 5 Save your soles 9 ■£g.. #JS: id; Scouting around for office space? Conserve your energy and leave it to the experts: Jones Lang Wootton. Raffles Place/Shenton Way/ Robinson Road/Cecil Street Vicinity The Arcade Asia Insurance Building Afro Asia Building Anson Centre Asia Chambers Bangkok Bank Building 1.180 sf 402 to
      455 words
    • 147 5 n ,„rp -*y oQ U,CK^", SBtV ■•xC V V pp-°* .-<-> Q ,UVCK ossr* 1 m p *osrro Qvick o&atch SERV, ce P *°'Vr G ct *)t c ,o>rt° 2UIC despa 1 P/t °MTo Q u/ rk L,C K DfSPATrL, SERVICE SERVICE r *V* CV Q\J» pronto quick despatch service
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  • Page 7 Advertisements
    • 559 7 When you receive the recognition due the feeling is indescribable K J m X' 88^ The Mercedes-Benz 200 Your Mercedes-Benz fills you with a tremendous sense of achievement. Understandably so. For the Mercedes-Benz marks a high point in your life. Yet it's a feeling that's indescribable.Only those who know it,
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  • Page 8 Advertisements
    • 188 8 Before and after Conqueror. CJJtfl J Conqueror means business In today's highly competitive business world, every advantage counts. To stand out from the rest, you not only have to sound good on paper, you have to look good too. When you put your business proposals on Conqueror business stationery, its
      188 words
    • 99 8 Alkalite mat. Because your office-carpet deserves the best protection. A normal office day can be tough or your carpet For instance every time you move your chair across your carpet it suffers a little damage But with Alkalite mat. your carpet is safe Made of strong clear plastic, it will
      99 words

  • Page 9 Advertisements
    • 1269 9 Announcing the ultimate collection of modern world coinage Coin Sets of All Nations Hi mm -XII Niiti. >»« r»> >n IM K B DOS SV SUV »M >\r>J ,\K U rm t7TF&. Si I c&. □a Q M^ N Of Ufc »> V SO vol' 0 >As\\xcn> ts Vi ?e«
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  • FEATURES
    • 489 10 WHEN banks and finance houses started calculating interest on deposits on a daily basis, some lost no time in advertising the fact that the real rate of payment would be higher than the advertised rate. But what is good for depositors, it seems, is not
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    • 777 10  -  Air New Zealand turns an unenviable record loss into operating profits and plans for brighter days By SELWYN PARKER in Auckland MAJOR AIRLINES have not had a good time of it. At least three bellyflopped in America last year. Many reported wafer-thin profits. A lot, like
      777 words
    • 750 10  -  By CHRIS SHERWELL FT GILDED WROUGHT iron gates and mosaic walls help identify the elegant two-storey residence of Mrs Chamoy Thipso near Bangkok's airport. So does the number of people waiting outside. Mae Chamoy, as she is known, is the operator of
      FT  -  750 words
    • 587 10  -  By STUART DIAMOND NYT INTERNATIONAL oil markets are stabilising, but not because they are calm. Oil analysts say that the recent and expected stability in prices and supplies stems from a fragile balance between strong opposing trends and forces, not unlike two arm wrestlers
      NYT  -  587 words
    • 840 11  -  Foreign investments are flowing into the United States, attracted by high interest rates, and taking some of the pressure off the budget deficit. Interest rates are only part of the story, however. LEONARD SILK examines the factors that have led to this influx.
      NYT  -  840 words
    • 412 11 AFP BOLSTERED by fast economic growth, Indonesia with its vast market of 160 million people is proving increasingly attractive to French investors, according to observers in Jakarta. Total-Indonesia is perhaps the success story of French investment in the country. With its Japanese partner Impex it
      AFP  -  412 words
    • 709 11  -  By N R KLEINFIELD NYT AMERICA is sobering up and that is a sobering experience for the alcoholic beverage industry. In a country that has become more alert to health and fitness, more agitated about drunken driving, and more mindful of moderation
      NYT  -  709 words
  • Page 10 Advertisements
    • 198 10 When long-term illness strikes your employee, we'll pay him a monthly income, What can you do for an employee who is prevented from working because of long-term illness or an accident? jf As a caring employer, you continue to pay him a f V salary to help him support his
      198 words
  • Page 10 Miscellaneous
    • 692 10 CRYPTIC PUZZLE ACROSS 3 It'* uniformly decorative (5) 8 Front-running horse 7 (5) 10 Eager to produce "3 ocross" (5) 11 Thirsty bond the street (3) 12 Statement made with many on obiective (5) 13 Steel man (7) 15 The way of o tnend mokes a bit of a bloomer
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  • Page 11 Advertisements
    • 264 11 IC TIMES CONFERENC ES Presents A TOP-LEVEL CONFERENCE ON SINGAPORE COMPANY LAW THE DIRECTORS WITH PARTICULAR REFERENCE TO THE COMPANIES (AMENDMENT) ACT 1984 4 5 OCTOBER. 1984 SINGAPORE OPENING KEYNOTE ADDRESS Mr Tan Boon Teik At*, r CONFERENCE CHAIRMAN Associate Professor Philip Piliai. f x D™< A'.; Mr Graham Starforth
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  • Page 11 Miscellaneous
    • 1170 11 I w mb mm HIGHLIGHTS Drama On 12 9.00 pm, Channel 12 East Of Eden (Part 1) The story begins in Connecticut in 1863 with the birth of Adam Trask whose mother later commits suicide by drowning. His father, Cyrus, remarries and his second wife gives birth to Charles. Adam
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  • SPORTS
    • 920 12  -  The time is ripe for a local squash player to win the Open By BRIAN MILLER THE ORGANISERS swear it's going to be a really great tournament. The players know that it is going to be "killing" and the spectators like all spectators
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    • 303 12 UPI TOMMY Kramer fired two touchdown passes and rookie running back Alfred Anderson threw a 43-yard touchdown pass to lead a third-quarter rally, lifting the Minnesota Vikings to a 27-20 victory over the Atlanta Falcons in an American football match in Minneapolis
      UPI  -  303 words
    • 596 12 Reuter THE ROYAL Hongkong Jockey Club's centenary season began last weekend and punters have been laying down fistfulls of money on bets in the hope of striking it rich. Last season, Hongkong's racing addicts bet almost US$2 billion around $400
      Reuter  -  596 words
    • 646 12 NYT HE WAS just a ball boy, an awkward but eager 14-year-old from New York City dashing about the courts at Forest Hills during the 1973 US Open. Yet even then, John McEnroe knew the feeling of watching Bjorn Borg. "Just
      NYT  -  646 words
    • 304 12 UPI BOBBY GRICH collected three hits and drove in the go-ahead run in the fifth inning and Daryl Sconiers added a solo homer in Anaheim. California, on Sunday to lead the California Angels to a 4-2 triumph over the Chicago White Sox. In sweeping the
      UPI  -  304 words
  • Page 12 Advertisements
    • 93 12 Chambers still the best ()nce aiiain Chambers leads the field in the dictionary race O T his time the favourite is Chambers Pocket 20th Century Dictionary r\ j V X. 1 MS w > I H 1 'V ijij J'lflit Oktionar} A n hrl I >011,1 I //>"" Easy to
      93 words

  • BANKING AND FINANCE
    • 322 13 AP INDIA maintained its traditional position as the World Bank's biggest borrower in the year ended June 30, taking US$2.7 billion out of total loans of $15.5 billion. But the bank's annual report released on Monday said China was creeping up with $1.0 billion. Its borrowing
      AP  -  322 words
    • 86 13 Bernama THE gold and foreign exchange reserves of Malaysia's central bank dropped marginally to M 59.205 billion on Aug 30. 1984 from $9.324 billion on Aug 15, according to the bank's latest fornightly balance sheet. Bank Negara's total assets rose 19 per cent
      Bernama  -  86 words
    • 712 13 NYT EVIDENCE of a weaker US economy and signs that the Federal Reserve would tolerate, and perhaps encourage, lower interest rates have helped push rates down since Labour Day. Economic developments that could point to lower interest rates have been accumulating all summer:
      NYT  -  712 words
    • 488 13 Dollar rise not due to clause in Mexico deal Poehl Reuter THE clause in Mexico's multiyear rescheduling agreement allowing non-US banks to switch debt out of the dollar is not a reason behind the currency's recent surge. Bundesbank president Karl Otto Poehl says although there has been recent speculation on
      Reuter  -  488 words
    • 222 13 NYT ISRAEL'S newly formed coalition government has taken its first steps towards dealing with the country's severe economic problems. It announced on Sunday a 9 per cent devaluation of the shekel and a plan to cut this year's US$2O billion national budget by $1
      NYT  -  222 words
    • 164 13 AFP PHILIPPINE Prime Minister Cesar Virata left for Tokyo on Sunday for a new round of talks with Japanese officials and bankers en route to Washington. The Philippine News Agency (PNA) said Mr Virata would seek the resumption of normal trade financing from
      AFP  -  164 words
  • MONEY AND EXCHANGES
    • 373 13 ALTHOUGH bullish economic and money supply figures last Friday had boosted Eurodollar futures prices, late profit-taking in CME pushed prices to an intraday low which resulted in the lower opening prices at Simex yesterday. The December contract opened at 88.20, as compared with 88.27 at last Friday's settlement and CME's
      373 words
    • 569 13 SINGAPORE: The DS dollar extended earlier gains yesterday against most major currencies to close sharply higher in very active trading. It rose to a late and a new ll 1 2 year high of 3.0630/40 marks from an early 3.0400/10 and New York's Friday 3.0360/75 close. The dollar firmed to
      569 words
    • 228 13 HONGKONG The metal finished lower yesterday as a stronger US dollar triggered local and overseas selling in the afternoon. It ended at U*****.40/90 an ounce after opening steady at $340.90/341.40 against Saturday's $340.30/ 80 and New York's Friday close of $340.00/50. Some Swiss selling near the close was noted
      228 words
    • 249 13 Interbank rates at 3pm Clfrf9ACi9i Nominal ral lea Smithaonian quoted yeaterday cri oaa parity change Local dollors to one unit of foreign currency: US doNar 2 1660 2 1670 ***** -23 18 Sterling pound 2 7291 ***** 7 3469 -6285 Australian dollar 1 7945 1 7975 3 4286
      249 words
    • 313 13 ASIAN dollar deposit rates closed steady yesterday at opening levels in quiet afternoon trading. Period rates eased 1/16 point at the outset on news of a 0.8 per cent fall in US retail sales for August. Thereafter, they remained unchanged with one, three and six months closing
      313 words
    • 122 13 THE OVERNIGHT rate eased by 5/16-point to close at 8 per cent on the Singapore interbank market yesterday. The one-month term rate rose by 1/16 point yesterday, while the two and three-month maturities remained at last Friday's closing level. S$ interbank rates at 3pm yesterday Offer Bid Overnight
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  • Page 13 Advertisements
    • 24 13 □lETHELM Furniture that has no equal 190 Ciemenceau Avenue 004 02 Singapore Shopping Centre Snqapore 0923 tufrvture Je< 336 2006 Otice furnrture 336 2005
      24 words
    • 266 13 "Step into the biggest International Electrical-Electronics showcase of 4sia" ENEX-ASIA'B4 S.E. Asia sth International Electrical 3v Electronic Engineering Exhibition Enex-Asia 84 presents to trade visitors the biggest exhibition in electrical and electronics technology. More than 600 exhibitors from 30 countries displaying a full and comprehensive range of the latest electrical/
      266 words

  • INTERNATIONAL COMPANY NEWS
    • 678 14 London-based Moscow Narodny Bank Newsweek CAPITALISTS, Lenin once said, were so greedy that they would sell the rope with which to hang themselves. If so, Moscow Narodny Bank (MNB) would be happy to be the middleman. For 65 years, through cold war and detente,
      Newsweek  -  678 words
    • 300 14 May 24, 1983 Trafalgar's £290 million bid for P&O immediately rejected. Bidder has bought nearly 5 per cent of P O shares. June 21, 1983 Bid goes to Monopolies Commission. Both sides have attacked other's record and policy in newspaper advertisements. July 6, 1983
      300 words
    • 651 14 FT IN CITY of London takeover terms, it had everything: big company names, prominent financial personalities, more than a touch of animosity at least in the early stages and a welcome dash of glamour. It all ended last week. Trafalgar House, a
      FT  -  651 words
  • Page 14 Advertisements
    • 221 14 I I _The Summer F^lace. proudly presents a special kirown menu We can think of sixteen reasons why uou should try our unique new menu... Braiseii fish maw soup with crab meat, braised fungus soup with assorted k meat, braised bean curd with vegetables, braised diced chicken with fresh milk,
      221 words
    • 113 14 Spectacular Double Bill Cedric Debbie Kathy 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. x-tTTTTTT^ 25% discount on all drinks. Offers are valid during Happy Hours 4.00 7.00pm only. HOTEL ASIA Your Mand In Singapore
      113 words
    • 113 14 The President Lounge presents THe sweet sounJs of t/u'Nuj/ttw^ 5 The Nightingales a captivating all-prl band from Taiwan will sing your (avountc numbers while you unwind after a hard day'i work with a favourite dnnk Relax with The Nightingales and The New Sensations our throbbing resident hand Hours: Pailv President's
      113 words
    • 125 14 MEMBERSHIP FOR SWIMMING POOL MEMBERSHIP FEE Single $15.00 per month Couple $25.00 per month Family $30.00 per month Group/Company Negotiable ENTITLEMENTS: Exclusive use of the Swimming Pool on 3rd Floor of the Hotel from 8:00 a.m. to 9:00 p.m. 10% Discount on all meaK in Cafe De Grand. 10% Discount
      125 words
    • 163 14 t lu. L iMy I .w f i si i 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
      163 words

  • ASIAN STOCKS
    • 403 15 HONGKONG: Share prices closed yesterday at or near the day's high in active trading following the firm trend on overseas markets and a bullish forecast for the local economy by Financial Secretary John Bremridge. The Hang Seng Index ended 18.08 higher at 963.52 after being up 19.95 at the
      403 words
    • 267 15 sen 17 Al Sincere Indus NT 6 70 25 80 unch 0 3 Chem Indus Lien Hwa Indus Nan Ya Ptos Pacific Cons 20 60 13 20 31 50 27 50 04 -0 1 03 0 1 Cathay Cons Chang Hwa Bank Chen Loong Ch»a Hsn Cement China Chem
      267 words
    • 477 15 TOKYO: Share prices closed higher yesterday for the fifth consecutive trading session following a sharp gain on Wall Street for the second day last Friday. The market average rose 14.82 to close at 10,636.36 after a 42.78 Friday gain, on a volume of 280 million shares against a heavy
      477 words
    • 88 15 Sep 17 Bank Seoul Won 660 unch 1 6 -*-8 -5 -9 -1 -12 3 Hyundo Motor KAL 625 495 720 -7 1 unch Choheung Bk 621 1250 3 V Commercial Bk Daekm Ind Daewoo Corp Doewoo Ind Dong Ah Gold Stor 671 585 495 636 750 712 737
      88 words
    • 440 15 SYDNEY: Australian share markets closed easier yesterday across the boards with resource issues under some pressure despite a strong rise on Wall Street and firmer gold prices in New York and Hongkong. The All Ordinaries Index was 2.6 down at 723.4, the All Industrials 0.8 off at 1,032.3 and
      440 words
    • 150 15 BANGKOK: Share prices closed higher yesterday in quiet trading with the Book Club Index rising 0.08 to 118.76. Maboonkhrong led the activity with 103,350 shares traded. Siam City Cement and Siam Cement advanced four baht each to 414 and 403. Bangkok Bank eased two to 214 and Thai Farmers
      150 words
    • 116 15 MANILA: Share prices closed generally firmer yesterday but trading remained dull. The Mining Index closed 2.73 higher at 937.24 and the Commercial and Industrial Index was up 1.36 at 109.43 while the Oil Index was unchanged at 0.648. Phil Overseas rose to 0.006 pesos from 0.0055 and PLDT was
      116 words
    • 47 15 Reuter THE Commission of Deposit-Taking Companies has suspended registration of Hongkong-based deposittaking company ATB Finance. Commissioner CD \V Martin said he received a report from the company saying it is unlikely to meet its obligations. The company has assets totalling about HK$lBO million.
      Reuter  -  47 words
    • 335 15 Reuter HONGKONG Land Co has ruled out the possibility of seeking to raise cash from its shareholders. Managing director David Davies said: "It would be totally unreasonable when the shares are trading at about 40 per cent of stated net asset value." The company
      Reuter  -  335 words
    • 170 15 Reuter CAPITAL spending by major Japanese companies in the year ending March 31, 1985, will rise by 10.9 per cent over 1983 84, the first two-digit percentage rise in four years, a survey by the economic daily, Nihon Keizai Shimbun. shows. The
      Reuter  -  170 words
  • Page 15 Advertisements
    • 116 15 I S if* 5W From sodtiig sounds to pleasing 'pops', lON EAR brings you all. Light up your evenings with SATYN i/rtl Ufa group of four dynamic entertainers, who'll delight you with their versatility and talent. See them in action, Mondays to Saturdays from 6 pm to 1 am. Drinks
      116 words
    • 164 15 ck M I ti Just the right touch of magic to turn your night into Gold. Music by Bacchus International of London. We re open SUN THUR I) pm I-it st drink clrari}i $22 K)"o service charge ress FRI SAT and eves of Public 1 iolidav s .'iOp in till
      164 words
    • 92 15 m r ;v r > m y 2-fetfsSU^ We're blasting off tonight and every night at Para Wave Discotheque Take off to the stars groove to the pulsating rhythms spun by the dynamic music makers. Solosa Sound Services Business Hours First Drink Charge: Weekdays Sundays: 9pm-2am: SlB++ Fri. Sat Eve
      92 words
    • 168 15 <Jbod <farc 10-22 SEPTEMBER 1984 Now the Hilton brings to the Orchard Cafe J a celebration of culinary delights that reflect Malaysia s colourful and varied cosmopolitan character. I From the Kuala LumjJur Hilton, two chefs have specially prepared a magnificent buffet featuring many Melaka dishes, Malaysian favourites and desserts.
      168 words
    • 218 15 13 HAPPY RESTAURANT can now offer Modestly-priced superb Cantonese dishes. Impeccable service. Nightly entertainment with no cover or corkage charges. Ample parking facilities. l Di^ er 6 IH For reservations, call 744-2717 or 744-2686 HAPPY RESTAURANT Lion City Hotel, 2nd Storey, 15 Tanjong Katong Road, Singapore 1543 Luncheon: 12:00 2:30
      218 words

  • RAW MATERIALS
    • 1010 16 FT SHIVERS OF apprehension are running through the world futures industry following the news that Refco has acquired the major assets of ContiCommodities, one of its leading rivals. Refco has already made a name for itself in the industry as an aggressive organisation with
      FT  -  1,010 words
    • 286 16 Bernama TIN TRADERS claimed yesterday that the buffer stock manager (BSM) has been selling outside the Penang tin market, saying this could further depress the already weak market. According to them, the BSM is selling in Penang but outside the market proper on
      Bernama  -  286 words
    • 458 16 UPI THE US Agriculture Department has raised its estimate of world grain production to a record 1.59 billion tonnes. In a world crop production report, the department said that a 10 million-tonne increase in projected harvests in the EEC and a gain of 2.7 million
      UPI  -  458 words
    • 155 16 Chinese Produce Exchange (Sellers' noon closing prices on Sep 17 SS/100kg) Coconut oil Bulk FOB 195 00 Old drum FOB 208 00 New drum FOB 212 00 Copra Mixed (loose) 105 00 buyers Pepper Muntok white FOB NLW 692 50 Sorawak white FOB foq NLW 685 00 Sorawok
      155 words
    • 290 16 Singapore (SS/kilo, ei-godown) Thai white 100% 1st class (kangaroo) new crop 100% 2nd class 100% 3rd class 25% new crop B-10% 1 05 077 075 No stock No stock A-1 special C-l special C-l Ordinary Loonzam 100% first grade 100% second grade 100% third grode Parboiled 5% 10% Maize
      290 words
    • 173 16 SINGAPORE The market closed steady in quiet trading yesterday with Oct One RSS buyers quoted at 197.25 cents per kg. Prices firmed slightly in early afternoon trading but fell back towards the close on some selling, with no fresh factors to stimulate trading. MALAYSIA The market closed slightly higher
      173 words
    • 78 16 THE Straits tin price in Penang yesterday remained unchanged at the ITA floor level of MJ2S.IS per kg on lack of foreign demand. Sterling's further fall against the Malaysian dollar widened Penang's premium to £175 per tonne over the high grade spot price In London. Total turnover rose
      78 words
    • 164 16 MALAYSIAN palm oil prices closed higher yesterday on short-covering and speculative buying sparked by expectations India will be in the market for processed palm oil. In the September position, north region firmed M 527.50, while south and central rose $25, all at $1,015 per tonne. In October, central
      164 words
    • 1086 16 COFFEE Robusta futures yesterday fell from highs reached around midmorning to stand unchanged to £10 higher at midday. November finished at £2,448, up £7 but £12 below the high. Conditions were very quiet as activity was curbed by reserve due to the start of ICO talks between producers
      1,086 words
    • 334 16 RAS prices t (in S cents/kilo, FOB m boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 194 00 195 00 194 25 195.25N Inf 1 RSS Oct 197 00 197 50 197 25 197 75 Int 1 RSS Nov 197 25 197 75 197
      334 words
    • 107 16 (in cants/1 ton Dollets) October November (current mth) (forward mth) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 ***** 195 00N 195 00 197 OON SSR 50 191 00 193 00N 193 00 195 OON MRELB Buyers Sellers Buyers Sellers SMR CV 224 00 226 OON
      107 words
    • 168 16 Yarn (In HK$ per bole o* 400 lb) Hongkong Golden Peak. 60 x 60 115 50 China carded yarn, cones White cloth Blue Phoerxx I6's 3,300 Japan No 10,000 221 50 Bloe Phoenix 20's 3,500 Three Peaches Blue Phoenix 32's 3,850 Japan No. 2003 Unq Blue Phoenix 40's 4,250
      168 words
  • Page 16 Advertisements
    • 64 16 WANNIAN HOLDINGS LIMITED We are proud to announce with immediate effect that Veneer Products Limited has been changed to Wannian Holdings Limited Our Telex Answering backcode and Cable Address is now Telex No: RS ***** WHL Coble: WANNIAN Tel: *****55 .•j 1 'J U L<Vf I Millie 7500-A Beach Road.
      64 words

  • SHARE INFORMATION
    • 4222 17 AFTER having dragged itself through a lacklustre week, the Singapore stock market tried hard to kick off the new week on a livelier note yesterday. Although the attempt failed to meet with marked success, it was nevertheless a positive step in rebuilding investors' confidence
      4,222 words
    • 260 17 SINGAPORE Rises M Bonk** 885 M > f HU91 50« 222 DBS 800 H S T 750 CoU Store lOp 320 Soman*! HMgs 272 Corabo* S0« 237 lothaom Mm 314 Koei Soag 270 Owoo Hyp 370 Falls Spore Lofld 386 O U I 340 Sko« 370 Kuhm
      260 words
    • 409 17 THE Kuala Lumpur stock market drifted through another boring session yesterday with share prices closing on an easier note. Turnover dropped to a two-month low of 3.9 million shares valued at M 310.3 million. The previous low was recorded on July 18 when only
      409 words
    • 3161 17 810 and offer prices officially luted and business In and reported to the Stock Exchange of Singapore 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"
      3,161 words
  • Page 17 Advertisements

  • COMPANY NEWS
    • 1296 18 Britain's most ambitious rescue package hangs in the balance THE MOST ambitious attempt to rescue a British multinational company is at a critical stage. More than 50 banks around the world have been labouring for at least 18 months to keep Dunlop Holdings PLC alive
      1,296 words
    • 389 18 INDIA-MALAYSIA Textiles Bhd has diversified into computers with the formation of a joint-venture company with Nixdorf Computer AG of Germany, the largest European computer manufacturer after Britain's ICL. IMT and Kelengkapan Holdings, a company within the IMT group, will have a major equity
      389 words
    • 164 18 Reuter ESSO China Ltd's Wenchang 19-1-2 (South) well in the Pearl River basin of the South China Sea is producing 3,132 barrels per day of oil, the China National Offshore Oil Corp (CNOOC) said. Further drilling will be necessary to determine the commercial
      Reuter  -  164 words
    • 2370 18 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 (3.905) Alcom (1 90B) (4) 1 92 (3)
      2,370 words
    • 618 18 CONVENIENCE Stores Sdn Bhd, a Mss million joint-venture involving Innovest Bhd (formerly Fusan), An tali Holdings and Jardlne Matheson, is set to open a new era in retail marketing in Malaysia: 24-hour shopping 365 days of the year. Convenience Stores is the
      618 words
    • 199 18 SIM Llm Investments Limited: 20th AGM on Sep 21 at 11am in Conference Room, 10 Jalan Besar #1701, Sim Lim Tower (0820). ALEXANDRA Haldlngs Limited: AGM on Sep 22 at noon at Alexandra Road (0315). APOLLO Enterprises Limited: EGM on Sep 22 at 10am in Conference Hall, 18th
      199 words
    • 102 18 UPI NEC Corp will build a diffusion process plant and expand its existing facility in Scotland to meet increasing demand for semiconductors in Europe. Construction of the 25 billion yen facility in Livingston, Scotland, will begin in October and the start of operation is scheduled
      UPI  -  102 words
    • 105 18 HONGKONG Hang Seng Index Monday 963.52 Friday 945.44 Week ago 946 06 TOKYO Tokyo Dow Jones Monday *****.36 Friday ***** 54 Week ago ***** 53 TSE index Monday 821.16 Friday 820.53 Week ago 804 58 SYDNEY Australian Minings Monday 432.4 Friday 435 8 Week ago 425 9 Australian
      105 words
    • 242 18 Monogers' prices for Sep 18 Singapore Unit Trust The Commerce 2 90 3 06 The Sovmgs Fund I 85 1 96 S'pore Prog Fund I 25 I 32* S pore Sec Fund 1 88 2 00 S'pore Invest Fund 115 I 22 S'pore Equrty FiavJ I 29 I
      242 words
    • 804 19 MBS HOCK LOCK SIEW MALAYSIAN Finance Minister Daim Zainuddin could not have chosen a better time to unveil the rescue operation of Rnk Bumiputra a secret so well kept that it even surprised those who knew some kind of bail-out had to come.
      HOCK LOCK SIEW  -  804 words
    • 692 19 Bernama AS THE Made-in-Malaysia Proton Saga steadily takes shape in Shah Alam, assemblers of other makes are bracing themselves for a smaller slice of the Malaysian passenger car market. Their misgivings are not surprising because they strongly believe that the national car project
      Bernama  -  692 words
    • 932 19 SHARES yesterday ended the first day of the new account mixed after a lower opening with prices helped by the possibility of a settlement to the British docks dispute, dealers said. Friday closing middle prices of selected stocks, excluding stamp duty, were: INDUSTRIALS S«p U AJfcad-Lyom Ah Donas
      932 words
    • 311 19  -  By CHAN Ol CHEE LIM Kah Ngam Ltd, whose share offer of 25.13 million shares closes on Thursday, has decided to spend about $20 million on the construction of a 16storey extension to its Hotel Equatorial building in Bukit Timah Road. The
      311 words
    • 763 19 LKN what a closer look indicates HOCK LOCK SIEW WITH BARELY three days to go before the application list closes for Lim Kah Ngam's public issue, the third home-grown company to seek a listing this year, investors are wondering what the counter offers. Not much. A careful screening of the
      HOCK LOCK SIEW  -  763 words
    • 222 19 JUDGING BY its latest interim performance, Mount Pleasure Holdings Bhd looks set to exceed its pretax profit forecast of $7 million this year after the transformation from a textile manufacturing concern to a diversified property holding group. For the half year ended June
      222 words
    • LATEST RESULTS
      • 47 19 has announced a group pre-tax profit of M 510.76 million for the year to April 30, 1984 against $14.22 million previously. A final dividend of 10 cents per share less tax will be paid on Nov 29 to shareholders registered on Oct 12.
        47 words
      • 56 19 reported an increase in group taxable profits to M 51.52 million in the first half of 1964 from $1.13 million previously. Earnings per share rose to 7.7 cents from 5.7 cents. A second interim dividend of 8 per cent gross will be paid on Dec 18
        56 words

  • Page 19 Advertisements
    • 258 19 October means business at r%rCGmpAsiaB4 3rd South East Asian Personal Business Computer Hardware Software Show w > Make the right connections at the PerCompAsiaB4 Seminar Local Area Networks for Personal Business Computers: Hardware and Software The proliferation of personal computers, powerful work stations and the vast installed base of minicomputers
      258 words

  • 504 20  -  Sales to Indonesia begin to decline By FOO CHOY PENG IN A DRIVE to offset the effects of Indonesia's tough economic regime on their sales, Singapore's shirt manufacturers are selling harder at home and seeking new markets abroad. Total sales to Indonesia by the three
    504 words
  • 360 20 Bernama CLOSE-CIRCUIT television terminals will be installed at all Customs inspection bays, including lorry exit points in Johore Baru, in three months, Malaysian Deputy Finance Minister Datuk Dr Tan Tiong Hong said yesterday. He said the letter of intent for the installation of
    Bernama  -  360 words
  • 138 20 THE Minister for the Environment, Mr Ong Pang Boon, will visit Malaysia for two days from today as, guest of the Malaysian government. Mr Ong will be accompanied by a six-member delegation of senior officials from the Ministry of the Environment. This is part
    138 words
  • 147 20 SHORT BROTHERS of Belfast has found its first South-east Asian buyer for its wide-bodied Short 360 aircraft. Malaysia Air Charter (MAC) is the first airline in the region to buy the 36-seater aircraft from the Northern Irelandbased aircraft manufacturer. MAC, a wholly-owned bumiputra
    147 words
  • 279 20 UPI ABOUT 20,000 angry jeepney drivers went on strike in the Philippines yesterday, paralysing mass transport for thousands of commuters until President Ferdinand Marcos agreed to suspend a 500 per cent increase in vehicle taxes. Police said 14 people were arrested in scattered
    UPI  -  279 words
  • 167 20 UPI INDONESIA yesterday ruled out a resumption of diplomatic relations with China until Beijing stops supporting "subversive movements" in South-east Asia. Foreign Minister Moc fatar Kusumaatmadja said a resumption of ties between Beijing and Jakarta was unlikely under present circumstances. "We are
    UPI  -  167 words
  • 94 20 Reuter TAIWAN'S Parliament yesterday ordered an investigation into bad loans of US$6O million extended by 12 government banks to local comapnies. A parliamentary spokesman said disciplinary action was also recommended against 290 bank officials, including several executives who had retired. He said the government had discovered
    Reuter  -  94 words
  • 514 20  -  By BOEY KIT YIN SINGAPORE'S leading users of computer-aided design and computer-aided manufacturing (CAD/CAM) systems, who have used the systems for the past year, are now convinced that they have saved time and labour costs. The biggest user of CAD/ CAM system, the Housing Development
    514 words
  • 68 20 Reuter WALL STREET stock prices improved after 45 minutes of trading yesterday with the Dow Jones industrial average rebounding from moderate early loses. The Dow was up two points to over 1239. Overall, gainers nearly caught up with losers. Volume was about 19 million shares. Omnicare was
    Reuter  -  68 words
  • LATE FILE
    • 44 20 UPI CHINESE Foreign Minister Wu Xueqian, speaking to reporters before leaving for the UN General Assembly, said "the Hongkong talks continue but will be settled soon. There are a few outstanding problems but an agreement should be reached soon". UPI
      UPI  -  44 words
    • 38 20 Reuter INDIA'S first diamond bourse will open towards the end of October, the stateowned Minerals and Metals Trading Corp (Mmtc) said. The Bharat diamond bourse, will have nearly 1,100 Indian exporters as members.
      Reuter  -  38 words
    • 41 20 UPI UNITED Auto workers members went on strike yesterday at 12 key General Motors Corp plants across the US after a 20-hour negotiating session broke off with no agreement. Negotiations were recessed until Tuesday morning. UPI
      UPI  -  41 words
    • 32 20 Reuter HENRY Ansbacher Holdings of London said it acquired New York investment banking firm Laidlaw Adams and Peck Inc for undisclosed terms. Ansbacher is an international merchant banking organisation.
      Reuter  -  32 words
    • 51 20 Reuter A SELF-styled saint went berserk and battered a two-year-old girl to death before he could be overpowered, Karachi police said yesterday. Four people were injured in the struggle with Sayed Gulzar Hussain Shah, a faith-healer and exorcist, they said. He is now under arrest.
      Reuter  -  51 words
    • 62 20 Reuter LOUIS Reard, 87, the French automobile engineer who designed the first bikini swimsuit, died in hospital in Lausanne on Sunday, his family said yesterday. Mr Reard produced the bikini in 1946 after joining his mother's clothing firm. "He named the swimsuit a bikini thinking of the
      Reuter  -  62 words
  • Page 20 Advertisements
    • 184 20 Call Britannia hn free invitation to investment seminar The Chartered Bank Building, 6 Battery Road, #14-08, Singapore 0104. Telephone: *****86. 1 The New ENCYCLOPAEDIA BRITANNICA 3 j J "I the only reference standard accepted in a court of law. Call STF Distributors Tel: *****28/*****44 PLOCKMATIC INTRODUCES Sweden "THE NEW GENERATION
      184 words
    • 140 20 Only Royal Brunei offers you Brunei on the way to Hong Kong. j. j'"y < > 5 mt Blbml > U-i v hjr *°Va/ a; w-*w» U. PiP sat, :f If you have business in Brunei and Hong Kong, only Royal Brunei can offer two flights a day, three on
      140 words
  • Page 20 Miscellaneous
    • 59 20 Outlook for today: Portly cloudy; showers in several areas in the late afternoon and early evening. Report for 24 hours prior to 7 30pm on Sep 17 at the airport Maximum temperature 31.3 Associated humidity 67 Minimum temperature 24.5 Associated humidity 96 Hours of sunshine 5.05 Rainfall in millimetres 2.2
      59 words

  • SHIPPING TIMES
    • PORT SIDES
      • 94 21 Reuter INDIA WANTS to extend for at least a year an agreement allowing its ship operators to use Bangladeshi waters to deliver goods to Bangladesh and to parts of India. A senior shipping ministry official said the current one-year agreement, under which India paid five million taka for
        Reuter  -  94 words
      • 85 21 Reuter THE AUSTRALIA Northbound Shipping Conference will lower its Australia to Japan and Korea bunker surcharge to 10.66 per cent from 10.72, effective Oct 1. The conference will reduce the Australia to the Philippines, Hongkong and Taiwan bunker surcharge to 12.45 per cent from 13.52 on the same
        – Reuter  -  85 words
    • 379 21  -  By JUNE LIM THE MARINE Department has acceded to the request by the shipping community to revise the age requirement for ships registered in Singapore. The department informed the Singapore Shipping Association (SSA) last month that it was prepared to register ships of up to 17
      379 words
    • 282 21 AMERICAN President Lines has dealt a crippling blow to the Pacific Westbound Conference (PWC) by announcing its resignation. The move, by a carrier not noted for its independent services, could prove fatal to the tottering conference, Lloyd's List said. APL emphasised that it was still committed
      282 words
    • 670 21 Shipping Lin* Pag* Col Afea Ahfenkiel Lmer Alpha trans Alpac Antora Shpg APC Lme APL ASCL As«a broker Austasia Lme BaltOnent Baltic Ent Bangkok Cont Bank Line BBS Ben Lme Blue Star Burmo Five Stor Cameroon Shpg CC Line CCNI Ceylon Shpg Chorgeurs Reurws Chorgeurs Hovraise China
      670 words
    • 252 21 OCL OVERSEAS Containers Limited has teamed with Mitsui OSK Lines to provide a service connecting the Far East, Indian subcontinent and Iran. The joint service is scheduled to start from Japan on Sep 26. The two companies will provide one vessel each
      252 words
    • 646 22 Lloyd's Economist THE 1982 boom for handysized dry bulk carriers is showing its effect on second-hand ships in the market. A five-year-old 30,000 tonner, for instance, was last valued at US$7 million 22 per cent below the going price one year ago. This price
      Lloyd's Economist  -  646 words
    • 193 22 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
      193 words
    • 1773 22 A BUSY week's chartering on the freight market ended on Friday with several detailed bookings in the time-charter sector coming to light. In the Far East, Japan Line booked the 45,260 dwt bulker Hupeh at U555,500 per day for one Australia round voyage after September delivery in Japan.
      1,773 words
    • 249 22 UPI SALVAGE workers who have recovered one third of the radioactive cargo from a sunken French freighter said they expected to complete the job by today. After North Sea storms delayed salvage operations for more than a week, divers by last Friday had
      UPI  -  249 words
    • 383 22 AP CREW MEMBERS of a Taiwanese freighter were treated to lunches in San Francisco's Chinatown on Saturday, their first time ashore since being stranded two months ago due to financial difficulties of the ship's owners. Mayor Dianne Feinstein and other officials joined 14
      AP  -  383 words
    • 303 22 UPI FRENCH MINE hunters in the southern Gulf of Suez have recovered a Sovietmade mine, the first since a multi-national task force launched a search for explosives that damaged at least 18 ships in the region. Egypt's official news agency said on Sunday
      UPI  -  303 words
    • 200 23 AMERICAN PRESIDENT Lines (APL) is taking a big step to improve its trans-Pacific service to growers and shippers of fresh and frozen food products. It has announced plans to acquire 1,228 new 40-ft refrigerated containers. The American line currently holds the largest inventory of reefer
      200 words
    • 260 23 A CONSORTIUM led by Pacific Consultant International (PCI) of Japan has won a 86 million-baht contract to work on the detailed engineering design for La em Chabang deep-sea port. A highly-placed source told the Bangkok Post that the Port Authority of Thailand's board
      260 words
    • 406 23 Lloyd's List WAR AND hostilities have been responsible for more than 200 shipping casualties, amounting to a loss of over 400,000 tons of merchant shipping, in the past six and a half years. Mr Tony Nunn of the Institute of London Underwriters,
      Lloyd's List  -  406 words
    • 631 23 TWO TUGS from the Dutch salvaging firm, Smit Tak International, is accompanying the Sri Lankan tanker Royal Colombo to Bahrain after it was struck by missiles in the Gulf. A spokesman for the company said the tugs, the Prado and Theresa, were initially
      631 words
    • 131 23 MANY governments are not fulfilling their obligations under safety and pollution interna tinal conventions. Commander T A Meyer, deputy general manager of the International Association of Independent Tanker Owners said the need for reception facilities for dirty ballast water and oil slops have been
      131 words
    • 3621 28 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.
      3,621 words
    • 654 29 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Tohgo Maru 38/389 18 9 84 2300 Sunship FSB 0900-1100 L6 Siri Bhum 186N 18 9 84 2300 S'pore Shpg FSB 1000-1100 J1 Pegasus P
      654 words
    • 1803 29 The leading shipping lines operating from loeal ports and their agents. A-B AFEA African Shipping Agencies (S) Mrt-KiruU liar Transgroup (S(. Ahreaklrl liner SmVf Kim Shpg (S>. Alfred C Ttrpfrr Oceanus Shipping Agen cies (S) Marinlex Enterprise (PK). Alpae Inirasea (S) Bintang Shpg (Kl.i Island Cargo
      1,803 words
    • 422 30 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Barber Texas Edo Maru Hoa Phuongdo Kim Soon Li Ocean Mercury Silver Arrow Straits Hope Yan Ting Ramdas Feng Guang Foochow Fratzis Hunza Jenhol Mount Oak Stolt Templer 46/7 23/4 37/8 22 27/8 35/6 21 6/7 33/4
      422 words
    • 1150 30 Sept 14-22 International Boat Show, Mayflower Park, Southampton. Sept 19-19 Society of Petroleum Engineers' annual technical conference and Exhibition, Houston, Texas. Sept 18-28 Marine insurance and maritime law training course, Richards Hogg International Adjusters, 12-13 Essex St, London WC2. Sept 19-21 P I seminar, Lloyd's of London Press,
      1,150 words
    • 348 30 AFP TRADING out of the Gulf states area on the tanker market last week was almost at a standstill following big cutbacks in production by Iran and Saudi Arabia. The latest series of attacks on neutral shipping in the Gulf states area has done little to deter shipowners,
      AFP  -  348 words
  • Page 21 Advertisements
    • 418 21 TIMES lUisinrss l)irr< lor\ <>t Sin&iporr DEVELOPED OVER A PERIOD OF 86 YEARS mUKLI MFRAH) mm LONDON Freights 11/ HI CONSORTIA II SHIPPING Schedule VIII/IX CONTAINER Schedules IX WHO Acts for Whom IX SHIPPING Events X TANKER Rates X SHIPS In Port X 3M> •lAHDINK ANTAH FULLY CONTAINERISED SERVICE lionjK-C*nT*i
      418 words
    • 329 21 u UASC UNITED ARAB SHIPPING CO (SAG) SEALORO SHIPPING AGENCIES 70 Shenlon Way 04-02 C Manna Hou>» Singapore 0?07 Tel *****94 Telei No RS 2V419 CFS office TPC 03-30 Tel *****31 and *****32 < Terminal office TPC 03-29 Tel No *****90/*****93 NATIONAL LINE Of BAHRAIN. KAQ. KUWAIT, QATAR. SAUDI ARABIA
      329 words
    • 1132 21 \fo FESCO LINES FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA, USA CANADA. Agent: Singapore Soviet Shipping Co Pte Ltd TEL: *****3 MAERSK LINE EXPORT TO USA, EUROPE. MIDDLE EAST. WEST AFRICA ASIA TO I S PACIFIC. (JUI.F. ATLANTIC. FAST CAN ADA INLAND POINTS iHi.v.'itT.'; tj.UQM 1
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  • Page 22 Advertisements
    • 255 22 m FAR EAST/EUROPE CONTAINER SERVICE From Europe w Abo Acceptmg For: 1) Barcelona Genoa. 2) Amsterdam, Antwerp I Havre, Basle UK. 3) Bremen. Bremertiaven Aarhus Copenhagen Helsinki 4) Malmo Stockholm Oslo •Accepting Europe cargo tor feeder via S pore 'Also direct cargo tor Spore 1 Bangkok Pis contact PtRMtSC P
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    • 484 22 Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA fttte VSI m »a FAMRY ace a»T mx U« SUM VU lt/11 22/11 1«/U 22/11 IC/11 11/12 Alto accepting LCL Cargo for USA Ports only. TOHGO MMtU V 3* MS NED CLEMENT VO7/390 2 SHOKAWA *24/351 TO MT VIS 39? tMso accepbng carp
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  • Page 23 Advertisements
    • 916 23 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAMERSWP SERVICE TO UK/CONTINENT SERVICE TO/EROM BANGKOK INQfOOI MT lOMOON BAT ■—t nrrrr HDHEHOHC EVHSS CMOKMMT S port Plats* S ton H'b»| Brem dan 20/0 22/0 00/10 U/H 13/10 14/10 27/» 29/0 17/10 IVIO 21/10 22/10
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    • 401 23 Franco Belgian Services \F+r Xua. Mrrw# Bt fuin Far E^itur-n I »n*j (MEMBER OF ACE CONSORTIUM) r** h CHARGEURS HAVRAISE MEDEX LINE kT] (MED CLUB MEMBER) nai cowMQgy gup to redkerraiean fpere PKeiang Blna Msedes Geaoa Trieste C VMJDii 19 Sep 21 Sep 8 Oct 10 Oct 12 Oct 17
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  • Page 24 Advertisements
    • 511 24 Hapag-Lloyd EXPORTS TO CONTINENT/UK On carriafe to Scandmavia, Med. Carribean S. America Wand hauiaufe to inland destinations in Europe Connecting m Kobe "AKo accepting cargo tor ATLANTIC GULF PORTS via mindandbridg*. ood US MID WEST by m.crobr.dge" IMPORTS FROM N CONTINENT UK [if ROM USA/CANADA Agents SEGANI* i Termmal *****66
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    • 397 24 \aj£ M S LINE I,Tit S» »<■ FROM EUROPMM SUEZ a Memoer of the Ace^ornortium FULLY CONTAINERISED TO/FROM NORTH AMERICA WEST COAST •*a leedw msft Spott'l KH I Beach Oakland S«Jttle K»BC SPOK' KOREAN MOMS SUN 301 20/9 21/9 1/10 18/10 20/10 23/10 24/10 11/11 18 11 HESS CONVENTIONAL SERVICE
      397 words
    • 427 24 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCEPTING FCI t ICI CARGO foil MP PKL HC ffit 111 ROM ANN IHV Era Gentry In Port (ft 18 11/11 12/10 14/11 IS/10 17/10 Era Gto, 20/J9 15/10 21/10 22/10 20/10 25/10 27/10 Era Gentle 0110 25/10 01/11 02/11 04/11 05/11 07/11 AISO
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    • 1128 24 KIE GWAN SHIPPING (M) SDN. BHD. No 26-A lALAN BERAMGAN PORT KELAHG. SELANGOft MALAYSIA TU Nov 3M782 *****5. *****2 *****4 3*0122.3*9097 ft. MALAYSIA/STORE TO E. MALAYSIA SERVICES: P KIANG t* TOMOH SATU Ittblu. S kan. Tawau L Oatu hi Pt/23 Sept t KIIA KkMu. S'kan 22/26 Sept 27/29 Sept tHATI
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    • 276 24 US I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Sincapvc loadn( for 30/9 8 Abbas. B Ktamcn SMGAPORI SmSt MARITMt PTI ITD If I ******4 I I ?*****0 PORI MIANG MAluSf MAKITM SON BHD Id *****2 3 PINANG MALAYSIA IRAK i TRANSPORT ITD Tel (7893
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  • Page 25 Advertisements
    • 808 25 PIL GROUP VESSEL KOTA MURNI KOTA RAKYAT KOTA MULIA KOTA TIMUR KOTA PETANI VOYAGE W-423 E -523 E-525 E-527 E-529 EAST AFRICA/REDSEA SERVICES SINGAPORE LOADING FOR: 18-23/9 HOOEIOAH, JEOOAH. ADEN. MOMBASA. D'SALAAM 19-22/9 TAMATAVE. MOMBASA 12-16/10 HOOEIOAH. JEDOAH. AOABA. PTSUOAN 6-11/10 ADEN. JEDDAH, AOABA 12-15/10 MOGADISCIO. TAMATAVE. MOMBASA. D'SALAAM 23-26/10
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    • 930 25 BLC BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE STRAITS STOW PMI ANG <erpool Bit owtoor Bar MriMf lax Mini 27/9 S, 10 17/10 21/10 21/10 4/11 12/11 11/11 21/11 22/1 2»/» 6 10 13/10 22/10 30/10 (/ll 14/U 21/11 21/11 UK HWI 1/10 11/10 17/10 19/10 25/10 27/10 1/11
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    • 620 25 DJAKARTA LLOYD INDONESIAN NATIONAL LINE BAM 111 AH VIM -CONTAINER SERVICE TO/FROM EUROPE STOK PXUANG (DAM lIBUST H BURG ANTIK*P At) AM LONDON BtfMN 21 n 9 27/9 17/10 11/10 21/10 22/10 Spore PI dun T'bi*» H'bw| Union A wtp 5-10/10 11/10 20/10 30/10 1/11 3/11 S/U Spore BB>m L*i/lW|ldMi
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    • 523 25 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line Loading for Rangoon S'pore P Kelong Penang Pogon V 77 22/24 Sep Pa-an* V 75 21/22 Sep 19/20 Sep Phoshwegyowywo V 245 22/23 Sep 19/20 Sec Phoshweoyowywo V 245 28/29 Sep Po-on V 75 2/4 Oct 'A BANK LINE
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  • Page 26 Advertisements
    • 1160 26 K LINE KAWASAKI KISEN KAISHA, LTD. ECUADOR/PERU/CHILE (((OCR ASM SIAR MOIHER VSL A VSL PKIG PNC SPORf KOBE GUA»«QUR CAUAO ARICt IQUIQUE A'FAGASIA S ANIOHO VAIPARAISO 29 Sept 1 Oct 3 Ocl 26 Oct 24 No. 1 Dec 5 Dec 7 Dec 9 Dec 10 Dec 12 Dec CENTRAL AMERICA
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    • 723 26 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE Uad«( tor lOS ANGtIES SAN FRANCISCO SEAUU. TACOMA VANCOUVER BC Acceptor FCI FCI Caitjnm S*<aporf 1 ——H s«pi i« ns«pi it Oct AUSTRALIA EXPRESS CONTAINER SERVICE Acceptm| FCI FCI Centaners '"""'I Spere Frm Mrt St* Ata accepti S "»PI 14 S»pl?« Sept ?9
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    • 821 26 SANKDASIA FROM JAPAMCSC FOUTS ANO HONGKONG 1 GREAT MOUNT In Port/21 2 EDO MARU GON 23/24/18 Sept 19/20 Sc 3 REGENT RADIANCE 22/24 Sept 25/26 S« 4 TERM) 23/25 Sept 26/27 Se 5 URANUS STAR 2S/27 Sept 28/29 Se 6 NO? BINEKA 29/1 Oct 2/3 Oct 7 SANKO SCORPIO 3/5
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    • 512 26 INTRASEA (PTE) LTD. 10 Anson Road »27 16 International Plaza Singapore 0207 Tel *****1 1 1 0 Lines) <► BREAKBULK SERVICE TO EUROPE/UK BANAWE 20/9 *****10 A FORT NANAMO 21/9 *****11 Spore P KeUnj loadmj tor 20/9 22/9 ROTT/HARBURG/UK (TR.BURY) 6/10 ROTI ANT/UK. (AVOW) SEAWOOD SHIPPING CORPORATION S pore P
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  • Page 27 Advertisements
    • 649 27 NOL NEPTUNE ORIENT LINES LTD I Also accepting cargo to/from Scandinavia N CRYSTAL S'pore Closing Times: FCL Cargo 0800 23/9 LCL Cargo 2000 22/9 FROM EUROPE (VIA SUEZ) TO AND FROM AUSTRALIA: SURABAYA... JAKARTA SINGAPORE.. PENANG P. KELANG BRISBANE.... SYWfY BURKE MELBOURNE. ADELADE.— FREMANTLE. layakarta Anro Temasek 21/9 23/9 23/9
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    • 423 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: SP(*( HMNIS NFPTUW AGENCKS PIE lID lei ?]»99/7 ?/854}4 fßoatunp) ???7510 ??1?07? (Vitions) ????««7 ??09?84 (tf.nwuli ??0?«S0 ??0?504 (CfS) «YM» A• U NTS TUHAS yilA SDN BHD Kl !el *****0 414?44 PK Tel *****4 PEN Tel 36/37S *****S CEYLON SHIPPING CORPN
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    • 360 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** POMNG MESSRS HAI THONG SHPPMG 23 Weld Qui, Penang Cables IAYAPOH PENANG, Tel ***** ***** Tele. MA 4004] K
      360 words
    • 43 27 ahrenkiel liner service gmbh DURBAN, JOHANNESBURG. MAPUTO. MAURITIUS A REUNION m SHENG TAI LINE 8- wis-* <e BEGULAB LINER SERVICE TAIWAN-STRAITS-TAIWAN Onenl EAGLE CORPORAtION (PTE) LTD Id: 222VU (4 inn) Ictei No 2374? PORT KCIANG AGf NT ORIENTAL SHPPMG CORPORATION T« *****8 380K0
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  • Page 28 Advertisements
    • 452 28 Kc«|ioital Container Lines (gmSfSSij 3 Sailing* Weekly jFflll Reliable Regular Punctual Berthing P.S.A. 1500 Hrs. Tues, Thurs Sat REGULAR FEEDER SERVICE TO PHUKET/SONGKLA RATANABHUM 111/04 Saied Saied RATANABHUM 112/113 »/27 Sept RATANA BHUM 194/255 3/4 Ocl MPt/11 Sep 22/23 Sepl 21/30 Sept HINODE KISEN CO. LTD MIDDLE EAST REGULAR USER
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  • Page 28 Miscellaneous
    • 156 28 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND B C cT w Wind direction with speed m knots Wave height One half Heche represents 5 knots R Thunderstorm Temperature c Weather Wind direction with speed in knots Wove height 0 Cloudy Sky Surface winds are indicated by
      156 words

  • Page 29 Advertisements
    • 185 29 ANTARA SHIPPING SDN BHD No 36 lALAN BERANGAN PEIABUHAN KELANG TEIEX MA ***** MAWAR EXPRESS RO-RO TRUCK/CAR CARRO SERVICE TO E. MALAYSIA P.KELANG LOAOM6 FOR: ANTARA V: 10/84 17/9 Kudi/KK/Skan/Taww RMA V: 10/14 22/9 Kudi/Labuan/KK MAWARIA SHIPPING 'M SON BHD Id 380?09 389*594 lei 04 *****') 04 ?3183 Tel 073
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    • 207 29 Scan Dutch 9 To Europe (Med/UK/NC/Scan) Anson Sid Anson 20/9 Anson 27/9 Anson 4/10 Anson 11/10 Anson 18/10 ACCCPTMG/SAING P. KELANG B Kemumng Sid B Butane 21/9 B Kemumng 28/9 B Butang S/10 8 Kemuning 12/10 B Butang 19/10 1) MARSEILLES 2) ROTTERDAM 3) HAMBURG 4) GOTHENBURG N Houtman Selandia
      207 words

  • Page 30 Advertisements
    • 154 30 The computerised processing leads to very accurate stock control and quick, efficient documentation. Furthermore, the warehouse offers the ultimate in protection for goods, great versatility in movement of these goods and of course all the backup maintenance, customs and security services for which PSA is renowned. Please send me more
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