The Business Times, 11 June 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 TUESDAY, JUNE 11, IMS 60 CENTS
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  • 578 1  -  Official figures show further drop likely By LEE HAN SHIH Property Correspondent PRICES of Singapore's flats and condominiums have been slashed by almost a quarter from their peak and official figures show that they are likely to fall further.: Even the once seemingly invulnerable landed properties
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  • 340 1 Reuter THE REVOLUTION in world financial markets holds dangers, not just new chances, and deserves the close attention of the authorities, the Bank for International Settlements (BIB) says. The bank's annual report welcomed the increased competition and the wider range
    Reuter  -  340 words
  • 219 1 AFP COMMUNIST countries sold 100 tonnes« gold last year, a 25 per cent increase over 1963, but well off the record 300 tonnes they sold in 1981. In a report on annual gold sales, the Bank for International Settlements (BIS) said that output
    AFP  -  219 words
  • 64 1 THE GOVERNMENT has act up a laboratory with a Japanese robot maker to prepare Singapore for the robotic age. The joint project between the Economic Development Board and Sankyo Seiki, known as the Robotics Laboratory, provides training in programing the operations and design of industrial
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  • Article, Illustration
    42 1 BAJfIUMQ fITOCKB, which "aZLSZZZL 2X2 OCBC, lag example, gained II cents to Miners tttoSt At toe emi sf the day, toe BT Csmpsstte bits added lit paints to 712.51, while toe Straits Ttoses btotrtil tain was sp LM to MtL
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  • 504 1 NYT CONGRESSIONAL leaders and many economists contend that President Reagan's sweeping tax plan could jeopardise government efforts to reduce the federal budget deficits. Most likely, they say, federal tax collections would fall below the administration's expectations, posing hazards for the economy that White
    NYT  -  504 words
  • 408 1 sljunw BUSINESSMAN Of THE YEAR THE SEARCH for the person with the most outstanding business skills in Singapore begins in earnest today with the opening of nominations for the title of Businessman of the Year. This award is designed to honour the parson
    408 words
  • 104 1 THE United Overseas Bank group will lower its prime lending rate by one-quarter percentage point to 8 per cent from today. The move puts the bank on a par with DBS Bank and Overseas Union Bank, but a quarter point higher than the Oversea*» Chinese
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  • Page 1 Advertisements
    • 44 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM We have the Model to suit your office furniture oCU^ PTE. LTD. HMd Office: 1 Tba Rayoh Indmlrial tartt *01-1387 Singapore 1231. W: *****42 (4 lines) Showroom: 1 Maritime Square "02-68/9, World Trade Centre Singapore 0409 Tel: *****46/7
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    • 282 1 BIS calls for step* to cut U8 JJA AX A■ A Q A Ak iracM cwncii, rage SHARE INFORMATION DOONESBURY MONEY EXCHANGES CROSSWORDS SPORTS RAW MATERIALS KEPPEL SHIPYARD has won a $9.9 million contract, amid tough competition from Korean and Japanese heavyweights, to convert a very large crude carrier into
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    • 30 1 '"_=;`^')_{^~&%&>[?@`/$=">][$:] "I thought KLM only flew to H( >lland. 'It Joes, Kit hi >m 121 cities\w )rld\viJe! SOO .4 V I# w ■L The Reliable Airline KLIWI Royal Dutch Airttncs TTAMIM/14VE/85
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    • 6 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM
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  • HOME NEWS
    • 409 2  -  By LISA LEE KEPPEL SHIPYARD has won a $9.9 million contract, amid tough competition from Korean and Japanese heavyweights, to convert a very large crude carrier into an oil storage and processing vessel for use in the Gulf of Suez. The VLCC
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    • 372 2 SINGAPORE is set to play host to a worldwide real estate congress which will bring in 3,000 delegates and an estimated $15 million in revenue. The 42nd World Congress of FIABCI, the International Real Estate Federation, will be held in Singapore in 1991.
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    • 352 2  -  By JAIME LYE RESTAURANT workers are leaving (aster than replacements can be found to take their place. And while about 250 restaurant workers are expected to graduate each year from a new training centre to be set up, it will not be enough to counter
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    • 307 2 THE SINGAPORE Tourist Promotion Board's move to promote Singapore as a tour destination has gained momentum with its chairman, Dr Wong Kwei Cheong, leading his third sales and study mission abroad within a period of six months. Dr Wong, who is also Minister of
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    • 140 2 SOMERSET Road, which has been closed since Thursday night, will have one of its lanes opened during the CBD's restricted hours from today. The closure has resulted in traffic Jams which choked the area. It was closed because s portion of the road next to the Somerset
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    • 466 2  -  By PENQ AILIAN THE AIDS (Artificial Insemination with Donor Sperm) programme, suspended since 1961 because of lack of donors, could be given a new lease of life when the university's Department of Obstetrics and Gynaecology moves to the National University Hospital at
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    • 553 2 Seminars and course* DURATION TITLE VENUE ORGANISER TELEPHONE June 20-23 Arbitration General Hyatt Hotel Institute of *****58 Course Arbitrators, Australian and Singapore Institute of Arbitrators *****77 A 1* June 21 Schuler Seminor i l Mendien Hotel Tronsformo Pte Ltd *****37 i June 27-28 Planning and Organising Holiday Inn Purchasing
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    • 453 3 j ARCHITECTS in Singapore, more accustomed to learning from the experiences of their in more developed J countries, will assume a reversed role later this week J and impart knowledge to Chi- nese architects at a seminar in Shanghai. An eight-member team from the
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    • 91 3 i THE Third China Business t Conference 1985 will be held j from July 29 to 31 at Mandarin j Hotel. Delegates will be offered I hundreds of joint-venture proj- ĕcts with Yantai, Sichuan, Beii jing, Tianjin, Qinhuangdao, I Jiaoning, Hubei and Guizhou. j They will also meet
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    • 311 3  -  By SHAHRIR ARIFF TWICE AS many adults in Singapore are taking part in voluntary work now, compared with 1962, but this is not good enough. Dr Tay Eng Soon, Minister of State for Education, and Communications and Information, estimated that about 33,000
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    • 423 3 IBM SINGAPORE is offering its dealers a promotional package one IBM PC free for every order of six personal computers and an assortment of peripheral devices. This follows > the reduction of IBM PC prices in the US in April. IBM Singapore's move does not
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    • 223 3 SINGAPORE has the third highest number of computer installations in Asia, according to the Hongkongbased Asian Computer Directory's latest survey. The survey, conducted annually by the directory, previously known as the Asian Computer Yearbook, said Hongkong had the highest number of installations. The British
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    • 318 3  -  By CHUANG PECK MING A SUBSIDIARY of the WahChang group has clinched a turnkey contract for an automatic electroplating line in Malaysia. The subsidiary, Wah-Chang Electroplating (Wepco), sees its thrust into the export of sophisticated electroplating technology as a natural extension of its service-oriented business
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    • 192 3 THE PUBLIC Utilities Board is introducing incentives to encourage more households to pay their bills through the Giro scheme. This is part of a national effort to reduce cash transactions. Consumers who join the scheme when they apply for the supply of utilities need pay
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    • 71 3 SLIGHTLY over 90 per cent of Keppel Shipyard's workforce participated in the two-week SHARE campaign organised by the company and the Community Chest of Singapore. Of the 2,800 employees contacted during the campaign, 2,037 agreed to take part in the programme, pledging a
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  • Page 2 Advertisements
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    • 55 2 In Singapore our faultless service is only matched by our spectacular architecture. THE PAVILION INTER- CONTINENTAL SINGAPORE S v IVY K ZJzX J t Jl m .v EST THE ADVANTAGE IS INTER-CONTINENTAL 0 INTER-CONTINENTAL HOTELS One Custaden Riwd. Singapore 1024 rhone 7339MW Tele* RS ***** SINIHC For reservations call your
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  • Page 3 Advertisements
    • 40 3 Built by professionals far professionals OCBC CENTRE OCBC CENTRE SOUTH t* n#^Ssr lis IDENTITY CENTRAL LOCATION CONVENIENCE COMFORT QUALITY IN DESIGN MAINTENANCE t 5 -A Joint Sole Leasing Agents I OCBC Centre fte Lid Tel 917-222 Jones Lang Tel 532-3888
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    • 121 3 HE i i y >i -t i ■J*:? :§>.: 9& *>i i m\ .fPjtiL 5 t. I f Mr. Joseph Lee, Regional EDP Manager W'. AsUey Pearce. I'LL BE BACK IN TME FOR INFO COMPUTR'BS- are in the process of either getting a new system or upgrading and I want
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  • OVERSEAS
    • 354 4 Reuter THE Bank for International Settlements (BIS) has warned of dangers for the world economy unless the US cuts its soaring trade deficit and corrects its fiscal policy. The bank's annual report, released yesterday, urges West European countries to be more
      Reuter  -  354 words
    • 132 4 Reuter THE US has come a long way in changing attitudes towards growth and inflation, but threats and risks remain to the continuation of the recovery, Federal Reserve chairman Paul Volcker said at the weekend. "We have come a long way
      Reuter  -  132 words
    • 127 4 Reuter THE FALL in world oil prices has cost Mexico about US$35O million so far this year. Mexican central bank governor Miguel Mancera said Mexico was nevertheless confident it could weather the storm. Mancera, attending the annual meeting of the Bank for International Settlements
      Reuter  -  127 words
    • 275 4 UPI AMERICAN Secretary of State George Shultz had expressed support for tax concessions for US businesses holding conventions in Bermuda, said the Prime Minister of the British colony, John Swan. Speaking after a luncheon meeting with Mr Shultz, Mr Swan said:
      UPI  -  275 words
    • 118 4 UPI CHAIRMAN William Gray of the House budget committee will go into a House of Repre-sentatives-Senate conference on the budget this week ready to compromise, but says the House is not likely to yield on preserving social security benefits. But Senate Republican leaders, who pressured their
      UPI  -  118 words
    • 49 4 Reuter TURKISH Cypriot leader Rauf Denktash has won a landslide victory in presidential elections in the breakaway state he proclaimed two years ago in northern Cyprus. The counting of ballots was completed on' Sunday night and Denktash received 70.5 per cent of the vote. Reuter
      Reuter  -  49 words
    • 211 4 Reuter EUROPEAN Community foreign ministers are unable to agree on ways to make their trading bloc more effective, but have moved towards setting up a body to coordinate foreign policy. The British proposal to set up a 'political cooperation secretariat' independent of the
      Reuter  -  211 words
    • 111 4 AFP ITALIAN President Sandro Pertini has caused a storm two 'weeks before the presidential elections by becoming the first Italian head of state to pardon a convicted terrorist. Mr Pertini on Sunday, however, said the pardon was a "misunderstanding", which he blamed on bureaucratic procedure and
      AFP  -  111 words
    • 414 4 AP GREECE'S Moscow-line communist party, KKE, which gave the socialists an easy ride during their first four years in office, has pledged tough opposition to Premier Andreas Papandreou in his new term. Following a disappointing performance in last week's elections, a KKE central committee statement
      AP  -  414 words
    • 225 4 Reuter FRENCH Prime Minister Laurent Fa bius arrived in East Berlin yesterday on the first ever visit to East Germany, a country whose capital of East Berlin is not recognised by France. Underlining this diplomatic success for his country, head of state Erich Honecker was
      Reuter  -  225 words
    • 126 4 Reuter SOVIET scientists have been urged to speed up research in order to face the challenge of the US "Star Wars" anti-missile research programme and a tightening Western embargo on the sale of high technology goods. Anatoly Alexandrov, president of the Academy of Sciences, said in
      Reuter  -  126 words
    • 390 4 AP BRITAIN has complained to Syria about one of its diplomats in London who refuses to move out of an apartment rented in 1982 for six months, invoking diplomatic immunity to escape eviction. Queen Elizabeth n has asked the Foreign Office to intervene when
      AP  -  390 words
    • WORLD IN BRIEF
      • 32 4 PHILIPPINE President Ferdinand Marcos called for closer ties with China in a message to Chinese President Li Xiannian on Sunday, the 10th anniversary of diplomatic ties between the two countries
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      • 45 4 SWISS VOTERS thwarted efforts by Roman Catholic and fundamentalist Protestant groups to ban abortion in a referendum on Sunday. Only 31 per cent approved an initiative to include a "right to life" clause in the national constitution, while 69 per cent were against.
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      • 58 4 ARGENTINA has said that it will never abandon its claim to the disputed Falkland Islands and accused Britain of refusing to resume serious talks on the future of thte islands. The Foreign Ministry said on Sunday: "The Argentines will not abandon for one minute our claim because it
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      • 47 4 A MAN in China, sentenced to five years Jail in 1983 for spying for the Chinese nationalists, has been freed and allowed to return to Taiwan. The China Daily said yesterday that Li Binchun had been a model prisoner and had been freed on parole.
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      • 45 4 VIETNAM yesterday called a demand by President Reagan last week for an account of all missing' US service--men "unobjective and unfair" and denounced other preconditions (or diplomatic ties as part of a "hostile policy," according to a report from» Xinhua news agency.
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      • 29 4 MALAYSIANS grabbed both the men's and women's titles at the International Koran Reading Competition in Kuala Lumpur on Sunday. The competition involved 33 participants from 24 countries.
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      • 30 4 Agencies CHINA has embarked on a five-year programme to publicise its new laws, encourage citizens to observe them and ensure their enforcement, the New China news agency said.
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    • 192 4 Reuter NORWAY has approved maksures to restrict trade wfh South Africa that could dfara>t shipments of crude Oil there. The Norwegian sanctions also include licensing of all trade with South Africa and a toad ban on imports of South African fruit and
      Reuter  -  192 words
    • 311 5 Reuter DEVELOPING countries have repeated their insistence that < there caa be no new round of International trade negotiations onkas the industrialised nations *.Jlrst esse trade terms for the rr- Third World. Ms and Brazil presented «se Third World's case on Sun--1
      Reuter  -  311 words
    • 233 5 AP ;a INDIAN PREMIER Rajiv Gandhi's visit to France gave "a new Impulse to relations between the two countries", his French counterpart Laurent Fshius said on Sunday jm French firms announced ma•fer contracts with India. Mr Fabtas was speaking at a press conference with
      AP  -  233 words
    • 754 5 ARRIVALS sv PAA SV379 PA21 Hm 0115 SEL 0020 LAX/TYO/HKG MAS MAS MAS MAS MH601 MH681 MH603 MH671 0720 KUL 0«20 KUL 0906 KUL 0935 KUL MAS WA SIA CPA OA MHB1I BM2I SQ103 CX710 GA960 0940 PEN 1000 BWN 1005 KUL 1030 CGK 1100 CGK SIA
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    • 194 5 Reuter THE Palestine Liberation Organisation and Morocco are seeking to convene an extraordinary Arab summit, but it is not clear whether they have sufficient support PLO leader Yasser Arafat called during an emergency Arab League council meeting in Tunis at the weekend for a
      Reuter  -  194 words
    • 352 5 AP NORTH KOREA has la effect rejected a South Korean offer to hold intcr-partiamentary talks In July, accusing the South of using delaying tactics to evade the question of relaxation of tension. The official daily Rodong Sinmun, in a lengthy commentary, said on
      AP  -  352 words
  • Page 4 Advertisements
    • 171 4 CTfi ANNIVERSARY SALE FROM 10TH TO 29TH JUNE If you are looking for a business printer to print your Invoices, Delivery Oixjers, Statements and Reports, etc, the STAR RADIX-15i is the BEST BUY for you. STANDARD FEATURES: 200 CPS NORMAL DRAFT 50 CPS NLQ 16KB BUFFER TRACTOR FRICTION FEED PARALLEL
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    • 182 4 Hotel mermen Singapore. Lobsters ahto im i«3t- <» W SaSSt u n 5* V ft H^w|22* .v y/A msm* vV>n Avi' t-~>» I'l, jl E^'|Mir v W v j. i m Y wt A bumper crop of tender young lobsters is what we've unleashed at La Brasserie Meridien. From June
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  • Page 5 Advertisements
    • 10 5 Training improves your chances. BT shows you how... every Wednesday
      10 words
    • 102 5 Today, Audemars Piguet stands alone as the most exclusive watch all over the world. Since 1875, one word alone describes the spirit and dedication that has inspired this achievement. "La Difference." Successful and influential you also stand alone in search of the same deliberate exclusivity that sets you the 477
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  • Page 5 Miscellaneous
    • 37 5 Doonesbury sr. 27R M f>*9# M T+ m 11 rn I 7VJ T..ir..t;..i* nnrir m -+4 <l> VM fi BY GARRY TRUDEAU r/y. ..ANDONEHWmJW pprrmsw -Am* Am** Htfivm r m m Zl I rrmmmm M za r*
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  • WORLD BACKGROUND
    • 815 6 FT TREASURIES throughout the world have a tendency to see their task as a Herculean battle against the hydra of public expenditure growth. But has the burden of public spending risen as much as is sometimes supposed? If so what are the
      FT  -  815 words
    • 498 6 AP THE INVESTIGATION into whether Nazi war criminal Josef Mengele lived in Brazil for 18 years until his death has revived theories linking the country with an international network to protect fugitive Nazis. In the past 20 years, three high-ranking Nazi officials were
      AP  -  498 words
    • 928 6 FT "WE ARE a people of discoverers and colonisers who today, without complexes, can assume and review the positive contributions we have given to civilisation and culture," said Portugal's President, Antonio Ramalho Eanes, in Macao last week. Macao, one of the final vestiges of
      FT  -  928 words
  • Page 6 Advertisements
    • 297 6 Telepac: Links you to information banks to keep you ahead. .^.ducted Te\epac s gB5 t)V n earW JoV M o n Telepac Service is your link to online information databases and advanced and powerful remote computers to utilise their processing capabilities. Telepac is not only useful but necessary to people
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  • BANKING AND FINANCE
    • 705 7 BMOAPORE The US Dollar yesterday extended its early gains against most major currencies in moderate late trading on shortcovering interest. Hie dollar rose to a late 3.0990/1000 marks tram an early 3.0890/3806 and New York's Friday 3.0830/50 dose, and to 2.6080/95 Swiss Cranes (Tom 2.8000/30 and 1900/80 respectively.
      705 words
    • Article, Illustration
      267 7 Asian market ASIAN DOLLAR deposit rates yesterday dosed firmer compared with last Friday 4a moderate trading. Waning expectations of a cut ia the US discount rate and better-than-ezpected US unemployment figures for May underpinned rates. Overnight dosed at 7tt 7V« per cent, up 1/16 point from last Friday. mCAIES tm
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    • 120 7 THE OVERNIGHT rate on the Singapore Interbank money market remained unchanged from Saturday to dose at 4 per cent yesterday. The one month term rates rose by 7/16 point». The two month term rate fell by Vt and the three month tell by 1/11. I g|4 f) If
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    • 152 7 Interbank rates at 3pm yesterday: WTWe4ee ym Local dollert «W Mil if liniy T* OWWCf1 K *bdLw 2 2260 2.2270 2.8196 -21 05 2.8049 ***** -61.87 1.4765 3.4286 -57.02 < »>■ vy/1 0.9999 3.4286 -70.92 Canodtan dolar 1.6200 Local Wton 1.6219 3.4206 •52.64 100 mitt of fereige mwrir
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    • 169 7 BA Futures Inc EURODOLLAR futures yesterday opened dnrply lower than Friday's dose due 1o the better than expected increase in payroll employment. The market attempted to move prices higher as a result of short-covering activities at the T-hf but reversed direction when renewed selling pressure at the high of
      BA Futures Inc  -  169 words
    • 344 7 HOOMKONQ: The metal yesterday dosed easier after a day of thin and sluggish trading, with the stronger US dollar overshadowing Interest In the metal, dealers said. The bullion price finished at U*****.40/10 an ounce against an initial $314.10/60 On the local market, gold ended HK$l6 below the previous dose
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    • 618 7  -  By DAVID GABRIEL SANG KANCIL wears a smile on his (ace right now. He has read the market right and not only has he recouped all the previous two weeks' losses, he made a net profit of USHSO. So far his
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  • Page 7 Advertisements
    • 170 7 Astridville i > I 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
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    • 147 7 V Fresh Plum's r\ mii if J*-" 1 mm vV W;.,. T2? ./I v .5 <« n At Plum's, the new 24-hour Cafe Restaurant at Hyatt Regency Singapore, you'll find a lot of fresh ideas. For example, bread that's baked fresh in our ovens. At lunch, the Food Fair offers
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  • FEATURES
    • 456 8 NEWS ABOUT a drop in the number of companies and businesses formed, and about big increases in the number of companies winding up, point to the same direction that times are tough. The overall economy is indisputably still growing. The 3 per cent registered for
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    • 1156 8  -  Japan's traditionally docile labour discovers it needs new strategies By CLYDE HABERMAN NYT JAPAN'S Labour Ministry issued a little-noted report the other day, saying that strikes had cost the average employee only 15 minutes and 50 seconds of work time in each of the
      NYT  -  1,156 words
  • Page 8 Advertisements
    • 468 8 "Win a Wang" Subscribe to Micro Decision today and you may be the winner of a brand new Wang Professional Computer worth USs4,2oo* I The fastest data processing of all the personal computers we've tested! fill w Priit Include*: Hardware 256K CPU, 2 disk drives, keyboard and monochrome monitor Software
      468 words
  • Page 8 Miscellaneous
    • 988 8 TV HIGHLIGHTS By Design Elliott Erwitt Bpm, Chonnd 12 Photographer Elliott Erwitt is a long-standing member of Moanum Photos, an agency founded in 1947. He makes his living chiefly from editorial and advertising photography. His pictures are strongly structured but at the same time they capture the essence of rapkfty
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  • SPORTS
    • 504 9  -  Autocross drivers put their cars through the paces By JEFFREY TSANG JURONG was dead on Sunday morning until the dot of nine o'clock when the first of 17 cars began ripping up the sandy ground at a deserted lot off Tuas road marking the start
      504 words
    • 399 9 UPI THE CELTICS' greatest mistake in the 1965 National Basketball Association championship series proved to be winning Game 1 by 34 points. That overwhelming loss embarrassed Kareem Abdul-Jab-bar and it soon became painfully obvious to Boston that you don't embarrass a 2.2-metre centre whom
      UPI  -  399 words
    • 402 9 Reuter AN INTERNATIONAL Tennis Federation (ITF) proposal to ban players under 16 from professional events in an attempt to prevent them "burning out" has provoked heated reactions from coaches and teenaged competitors alike. "We must put an end to precocity in
      Reuter  -  402 words
    • 510 9 AFP LEE TREVINO played one of the most memorable strokes of his long and distinguished career to win the British Masters golf tournament in Woburn, England, on Sunday. "That will be a shot I shall not forget for
      AFP  -  510 words
  • Page 9 Advertisements
    • 360 9 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 PURSUANT TO SECTION 2*X2Mb) AND IN THE MATTER OF SHIN E SHIPPING A TRADING PTE. LTD. At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road, #12-01 12-11 Golden Mile Tower. Singapore 0719
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    • 515 9 THE BANK OF EAST ASIA LIMITED 10, DES VOEUX ROAD, CENTRAL, HONG KONG CONSOLIDATED BALANCE SHEET AT SIST DECEMBER IK4 PROFIT AND LOW ACCOUNT POB THE ISM IKS HETIM HK$tM SHAKE CAPITAL Authorised 200,000,000 Issued and fully paid: 85,839,600 shares of HKJ2.SO each Capital Reserve General Reserve Retained Profits Current,
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  • Page 9 Miscellaneous
    • 640 9 mmm®) CRYPTIC PUZZLE ACROSS 3 Character fast going round the bend (5) 8 Lady from West Oman (5) 10 A master going forward (5) 11 Edible extract of rhubarb, apple, etc (3) 12 River I have knowledge about (5) 13 Gains weight while making a name (7) 15 A singular
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    • 64 9 Play golf the Sevvy way WHILE I TRN TO HIT HARP WITH THE. RIGHT HPNPPNP .1 PO HOT TPN TOPRW/E FORWARPWITH APUSH OF TV€ RIGHT FOOT... 1 BEUEVE THAT A CONSCIOUS PUSH YflTHTVYE RIGHT FOOT 16 A MISTAKE k J* ENTEJ*PWl6fc& INC. IF NOU SWING GORRECTLN THROUGH THE e>pu~\N nv\NOUR
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  • INTERNATIONAL COMAPNY NEWS
    • 763 10 G W to sell products group to Wickes Consideration of US$l billion plus debt of $90 million NYT GULF and Western Industries has agreed to sell its consumer and industrial products group to tlie Wickes Companies for US$l billion in cash, plus the assumption of $90 million in long-term debt.
      NYT  -  763 words
    • 872 10 FT MR BOB BLAIR is candid about the US textile industry. "It's not a pleasant time to be in fibres. In the 60s and 70s there was big growth, but it's turned sour. This is now a slow-to-no-growth industry." He qualifies that
      FT  -  872 words
    • 185 10 AFP AN ORDER for one Airbus airliner, cancrtlad by the British Caledonian Airline, is to be aliocatea to Tunasn Airlines, European Airbus Consortium manager Jean Pier son said at the Le Bourget Air show near Peris. He confirmed the cancellation of the order
      AFP  -  185 words
    • 109 10 Reuter AMERICAN Motors Corp will bnOd snail an oosrsess to replace to Asssrtraa «oil mtitl* if nsgotlsttous to rednce labour Prastdsnt Joae Dodunnaiidcraldoi Sunday that AMC win low at least as much money la the IMB second quarter at It did la
      Reuter  -  109 words
  • Page 10 Advertisements
    • 178 10 Wftere to wins* dine usid entertain ,A> s A ;r X'# -V V*%;A Vb* .'V /■/fr /s A v > t l 4 i V m. v f/Jr* .>* •'M »V v*x *t y~* r.jf 7y jf/ j r /7**''*f*^<?i *M-** V/Z& A &f~'/ m- :<£ A\ **y «vv"vy j»
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    • 70 10 TS&»~£IS I HOTEL ASIA Many happy Mum 37 Scons Hoad. Sng«po«»o922 W *****88 «ti R*****3 HOTOSIA oDuyd K m V' I <4> M 2£* bs! ss y* is ♦> The 24-hour coffee house that offers you a superb menu from Western and local dishes to nightly Satay and seafood barbeque.
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    • 60 10 a w llafdei) Time: 12 p00n—2.30 pm Price: $t2.00~ Show. 1.15pm MotMsbr I cwhMbr Fong Fong Fashion House Resident LAfeiftnj aNCAW 181. Kitchener Road. Singapore 062Cy Tut *****22 |i Daily new Businessmen's Lunch at only $12J>0+ Ritogc HiiiiuntKi Boiled Beef Flemish Style fresh Vegetables Mick r%-«-riasn-ofown nx«o6s Apple Tart Coffee/Tea
      60 words
    • 127 10 Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16++ each and $20++ each (mtn.2 persons). Over 50 a la carte specialities are also available. SMGAPORE HOTEL 10 Eu Tong Sen Street. Singapore 0105 Tel: 533 3888
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    • 110 10 r f f for the best Teochew delicacies in town, k Discover our famous dtsrvxJn. k delicious steam-boat Teochew porridge and other mouth-watering l delights prepared by Hong Kong chefs. And feel like royalty while C you dine In Oriental splendour. Open dally from: 11.00 am 3.00 pm for lunch
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  • ASIAN STOCKS
    • 372 11 HONGKONG: Concern about Overseas Trust Bank's (OTB) insolvency yesterday continued to overshadow the local share market and eroded most of the early price rises which followed Friday's sharp foil. They noted speculative selling in secondary banking shares, with the Union Bank easing 12.5 cents to HK54.475 at the close
      372 words
    • 203 11 JIM M AM Shctra Mm Acta Cafnarrt Cothoy Cam MT» 1.74 22.90 23.50 ■0 18 4.3 •0.1 Uan Hw Indus Nan Ya Pta» PocMc Cans hdfc Bact Wb« 10.95 27.10 16.20 13.55 •0 25 ♦0.8 •06 •0.2 Owng Hwo Bark 48.00 18.50 •0.4 Pootag Papar Sharp 0.91 16.20 -008
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    • 394 11 TOKYO: Share prices eased in moderate trading as investors remained restrained after last week's sharp gains, and a typical Monday waiting mood dominated. The market average fell 33.25 to 12,683.24 after edging up 0.48 on Friday, with the turnover 360 million shares against Friday's frantic 900 million. The market
      394 words
    • 101 11 MANILA: Share prices closed largely unchanged in dull trading. Oils were up 0.022 to 0.799 while the Commercial and Industrial Index held steady at 128.61 and the mining marker at 677.22 Atlas Con B fell to 15.50 from 16. JUMf 10 NM 0.0014 >Mtdh Oriwual 8 0.011 unch isesr'--
      101 words
    • 110 11 JUNE >0 MM Sam Cwwam Stam CMmr Sam Oy Camanl South Atfo^Ft** 1 tar* Thai Dm Bar* Thai fumwn Bai Thai MhM Gom Thai Mutual 433 93 412 •13 Aakhati Thai Aata Ftn W. Agroted Bangkok tar*. Bark Of Ayudhoyo Ltd M Juckar Charoong Thai WV» I 137 IS3
      110 words
    • 164 11 BANGKOK: Share prices closed higher in quiet trading, the securities exchange of Thailand said. The Book Club Index rose 0.43 to 139.40 and gainers led losers by a margin of nearly five-to-three. Turnover rose to 176,626 shares worth 29.8 million baht from a previous 164,141 shares worth 28.7 million.
      164 words
    • 293 11 Reuter TRIO KENWOOD Corp is planning a one-for-10 or a one-for-20 bonus stock issue to shareholders registered on May 20, 1986. The company made a 15-for-100 bonus issue on June 5 for shareholders registered on May 20, 1965, to pay back part
      Reuter  -  293 words
    • 271 11 FT PLANS TO build an $865-million aluminium smelter in Western Australia have been pulled from limbo by the decision of US metals giant Reynolds to take a 25-per-cent stake in the project. Uncertainty had dogged the future of the environmentally controversial scheme since the
      FT  -  271 words
    • 169 11 AP NIPPON Telegraph and Telephone Corp and International Business Machines Corp of the US are Jointly developing a system that would enable users of Japan's domestic communications network to connect with IBM's computer network abroad. An NTT official said on Monday the two companies
      AP  -  169 words
    • 100 11 Reuter AN Australian-Indonesian Joint venture, for gold in the southwest Sumatra province of Bengkulu, plain to start production in November and hopes to turn out iOO kilograms of gold annually. The JakMrtM Pott yesterday quoted PT Luaang mining chief executive Marcom Bailly as saying production would be
      Reuter  -  100 words
  • Page 11 Advertisements
    • 733 11 TYm 8ydrwy market wu clofd R« Business Or pleasure, Lunch AtTHe Elizabethan Grill Tbday's Specialties: Rock Melon with Port Parma Ham Fresh Local Lobster 'Raffles' with Tkrragon Herb Sauce or English Roast Beef on the Wagon Home-made Kiwi Sherbet For reservation, please call *****41 ext 174. Free parking in front
      733 words
    • 67 11 M 0 ftf reservations 00/ L 235 2698 or 734 6622 ext 141/144 Luck Han-Spa Dianer lp-llpa Ample Free Mtag CMI (Me ud Valet Service 0922 TH 734 6622 QlllMl CHP Our Chef's Recommendation: uw siveftJ® 1 5380 s<(eetw Jr Lunch Speciality Dian Xln lAJ TUNG LOK SHARKS RN 4
      67 words

  • RAW MATERIALS
    • 705 12  -  By MICHAEL NEILL THE International Tin Council's (ITC) decision to permit tin prices fn the Kuala Lumpur Tin Market (KLTM) to fall below the Sixth International Tin Agreement's (ITA) official M 529.15 floor-price has set "a fatal precedent". One senior member of the Seventh ITA's
      705 words
    • 226 12 has identified nine large-scale rice-growing areas totaling 221,060 hectares to intensify 8 rice production to meet the counrequirements. Tr* These areas would be provided &trtth adequate irrigation facilities iO enable double-cropping, Deputy 11 Agriculture Minister Dr Goh r €heng Teik told participants at the International
      226 words
    • 1014 12 bOFFEE ROBUST A futures yesterday ended a fairly active atari on below traded higha, aa concern lessened over (Brazilian weekend weather, following the latest Reuter from Brazil indicatlittle, if any damage to the coffee crop. Most positions were higher, posting gains of £10 to £28 a tonne from
      1,014 words
    • 181 12 BMQAPORE The market yesterday closed firmer with July One RSS buyers quoted at 173.00 cents per kg, up 3.25 cents from last Friday's close. The morning session gained &25 cents on 4>ortcovering interest and dealer buying for July position. MALAYSIA The market closed higher at IMJS cents per kg
      181 words
    • 255 12 RAS prices bScortWkf. FOB h< fas MC Beyers KM CUB ktf 1 RSS Prompt 176.00 I77.00N I/9.3U l /o An Int 1 RSS Juty 85 173.50 174.50 173.00 174. OON kit 1 RSS Aug 85 169 50 170.00 170.00 170.50N Int 2 RSS 170.00 171.OON 170.00 171.00
      255 words
    • 64 12 IB Km* Lunr Hi Market (KLTM) prtoe toll ntm eeati to HpSlSm'a Friday.' II DM wttfcto to IT A Www rug« sf IQS9.iI Mi mM. UH «Nh «Mat wftisa to CM per taw (MI mm aaM the LME's spot high mi»i, Tkw were r» ttMtafir tordp een- dL
      64 words
    • 115 12 Yarn (la HK$ par Ma af 400 ft) China cordtd yon i, conos Bkja Phoanix 16'* 2.700 Bkja Phoanix 2C* 2,750 Bkja Phoanix 32'* 3,200 Bkja Phoarw 4Ct 3,550 Cofdod jfora, honl i Bkja Phoanix 21'* 2,950 Combid yorn, con Rua Phoanix 32*s MS 4,350 Bkja Rtoanix 4fft 4,550
      115 words
    • 150 12 PRICES on the Malay» dan crude palm aO market yesterday closed off the day's highs on late profit-taking after early sentiment was boosted by a limit-op dose In Chicago soyoil futures. June deliveries In the south and north regions rose IIfUJO to 5U7150 and $1,217.50 per tonne respectively,
      150 words
    • 77 12 (CWM/I* 1-tM Htah) JULY 85 AUG 15 NOON NO ON RAS hfM SaBan 8if«i T SSR20 160.00 162.00N 161.00 I63.0QN SSR 50 158.00 I60.00N 159.00 161.OON MRELB Sdtet B*|)M Siim SMRCV 214.00 2I6.00N 216.00 218.00N SMR L 215.50 217.50N 217.50 2I9.50N SMR 5 193.00 195 .OON 195.00
      77 words
    • 119 12 Exchange _a mom Itofeutfa M/25* FOB NSW 409.00 J— 10. Sf/Motj' Coconut oil Buk FOB OW drum FOB N«w drum FOB 117.00 130.00 134.00 110 FOB few E&W FOB NSW Gombior FOB NSW 413.00 272.00 ***** Copra tJitwmii Oootli 60 buyara llHHilffl COMMM »dHy Poppor Muntok WhJN FOB
      119 words
    • 225 12 Singapore c-i ora unq (SVUfc. 1 ,.<I Looniow tin Fragrant now crop JgJJ SMS* jS j- oj4 jKSfjr s 3rd 040 ParMU tic* Nw Crap 5% 227 25« no Mock |0% 222 ,0% kbmxm un. Thoi Broken gS; ?S Hugfcang Thoi Rico dSLf"' 55% no Hock P m IIP
      225 words
  • Page 12 Advertisements
    • 167 12 HIGH INTEGRITY IRON AND STEEL FOUNDRY FOR SALE AS A GOING CONCERN INALCO, a Singapore based manufacturer of quality iron and steel castings with an excellent reputation with discerning buyers in the Oilfield, Petrochemical, Refinery and General Engineering Sectors. FEATURES INCLUDE: Modern quality control facilities (X-ray, Gas Analysis, Spectrometer, Ultrasonics)
      167 words
    • 201 12 MING COURT HOTEL KUALA IUMRJR'SINGAPORE From one strategic move in the boardroom to another t Taipan Qlub. It* Far from being just one floor of exclusive accommodation, Taipan Club puts you in a most strategic position. Here, you're within easy reach of many valuable facilities. A private club lounge makes
      201 words

  • SHARE INFORMATION
    • 3973 13 SHARE PRICES on the Singapore stock market recovered «lightly yesterday. But overall, trading activity remained quiet. At the final bell, the broadly-baaed BT Composite Index was up 2.59 points to 712.55 while the widely-monitored Straits Times Industrial Index added 2.89 points to 803.21.
      3,973 words
    • 168 13 SINGAPORE Mm* IndtoM MMiIOmSpm 232 17 OCiC »20 i5 gf'.' 7AM0 •no» «as +io KSfts* IMMM II« gpyw. -yg Tmb Stag HUai *0 +0 2!^" ,n,fc B IWJI OmmM* 231 +7 2*—«» 3309.70 *****4 N ST 715 +5 Jit* 1 ***** «2057 ST*—*« 499.17 499JO rMM ST
      168 words
    • 2303 13 BID and offer prices officially listed and business In and reported to the Stock Enhance of Slncaporc yesterday with the number of ebaree traded shown In brackets in lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      2,303 words
    • 219 13 ASIATIC DEVELOPMENT BEBHAD: Seventh AGM at the Conference Room, 8th Floor, Bangunan UMBO, Jalan Sultan Sulalman, Kuala Lumpur today at 9.30 am. BEDPOBD BEBHAD: Six-ty-first AGM at Chartered Bank Chambers, Beach Street, Penang today at noon. GENTING BEBHAD: Seventeenth AGM at Conference Room, 8th Floor, Bangunan UMBC, Jalan
      219 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 510 14 WjßS2S£\t tfaaj2 SIME DARBY's earnings per share are expected to rise from 11 cents last year to 12 cents for the current year ending June 30. The group's earnings per share are then expected to be maintained at 12 cents in 1966. This projection
      510 words
    • 96 14 HONGKONG Friday 1229.9 Week ago 1241.3 Hang Seng Index Monday 1571.87 Friday i 542.55 NEW YORK Week ago 1641.25 Daw Jones Friday 1316.42 TOKYO Thursday 1327.28 Week ago 1310.93 Tokyo Dow Jones Monday *****.24 Friday *****.59 Week ago *****.41 Standard Poors Friday 189.68 Thursday 191.06 Week ago 189.93
      96 words
    • 257 14 KIAN JOO CAN Factory Bhd, Malaysia's second largest tin can manufacturer, expects an improved performance this year, according to chairman Tunku Naquiyuddin in his maiden address to shareholders. Tunku Naquiyuddin, who joined the board of Kian Joo last year when it went public, says this is based
      257 words
    • 506 14 SHARE PRICES closed easier on the Kuala Lumpur stock market yesterday in spite of light buying of selected counters. Overall, the market was quiet and the pace of trading was lethargic. Price movements were small but some counters recouped losses recorded last
      506 words
    • 1707 14 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 ljOOOunits unless otherwise specified. IDUSTRMLS A Otoe (2 .09S) AMD (3 008 3 02SXI0) 302
      1,707 words
    • 230 14 Managers' prices for June 11 Singapore Unit Trust The Commerce 1 85 *1 96 The Soveigs Fund 1.40 1.48 S'pore Prog Fund 0 81 0 86 S'pore Sec Fund 1 20 1.27 S'pof* Invest Fund 0.88 0 93 S'pore Equity Fund 0.82 0 87 Asia Unit Trust Mol
      230 words
    • 480 15  -  By NAJEEB JARHOM THE BOARD OF Hwa Hong Corp Ltd has urged shareholders to approve the company's acquisition of People's Insurance Co Ltd because, in the long-term, it should contribute to the group's growth. For this year, the takeover could result in a
      480 words
    • 292 15 NEWCOMER Pilecon Engineering Bhd has ventured further into other forms of engineering by taking a majority interest in five new companies and has bought a stake in three others. The ventures are part of its plans to turn the company into a "construction supermarket"
      292 words
    • 171 15 SMALL-SCALE tin mining operator Petaling Tin Bhd has continued to reel under the stringency of the restrictive tin export control, and has reported much lower profits for the first half year. Group pre-tax profits were slashed by 90 per cent to just M 5171,000
      171 words
    • 58 15 Bernama SUNGEI WAY Holdings Bhd has recommended shareholders to vote in favour of Sungei Way Resources Sdn Bhd's proposed acquisition of a factory-cum-of-fice building in Petaling Jay a. The MJ7.B million cash acquisition will yield a gross return of 12 per cent or a net return of
      Bernama  -  58 words
    • 252 15 MALAYAN CABLES Bhd appointed Mr Abdul Razak bin Abdul La tiff as secretary from June 1. The due date for the delivery of settlement contracts in FEDERAL CABLES, Wires A Metal Manufacturing Bhd will be- brought forward to June 24. Settlement trading on the shares will be suspended
      252 words
    • 897 15 SHARE PRICES closed quietly easier yesterday on worries over the future trend of oil prices and ahead of the pending offer for sale of Abbey Life. At 2.30pm, the FTSE 100 Index was down 11.2 points at 1,299.4. Government bonds were steady at nearly V* point easier levels
      897 words
    • 447 15  -  By CHAN OI CHEE MBf HOLDINGS Bhd has suffered a loss of about Msl9 million from the demolition of its 16-storey luxury apartment block in Penang known as Northam Court. This is the first time a figure has been put on the total known
      447 words
    • 275 15 EMTEX CORP Bhd, which is facing a takeover bid by MBf Holdings Bhd, Is seeking an injunction to restrain the latter (ram proceeding with the oiler in the form and nature as set out in MBfs recent notice of takeover. In Its writ of
      275 words
    • 302 15 AUDITORS Goh Tan A Co have qualified the 1964 accounts of SPP Limited. The public accountants, in the latest SPPL annual report said: "...the audit reports of certain of the company's Malaysian subsidiary companies identified below are qualified in respect of the appropriateness of those companies'
      302 words
  • Page 14 Advertisements
    • 291 14 is sub i of Our business to certain laws Isaac Newton Alfred Nobel Understanding these and other natural and commercial laws is essential for a successful financial group. Hill Samuel Group recorded its fifth successive year of substantially increased after tax profits, 26 per cent, ahead of 1984. Survival of
      291 words
    • 564 14 ZDS GOLD COIN LIMITED N OTIC I Of ANNUAL GKNIRAL MKKTING NOTICE IS HEREBY GIVEN that the TWENTY- SECOND ANNUAL GENERAL MEETING of the Company will be held at its registered office, 14 Shaw Road, Singapore 1336, on 28 June 1985 at 72 noon to transact the following ordinary business
      564 words

  • Page 15 Advertisements
    • 153 15 YOU'RE IN GOOD HANDS mm i ■j m 0 m *•1 > y 4 a i We specialise in international ckxx-tD-door, local household and office moves Call Jennifer Kwok or Janet Lee atT«fc *****11 We take the burden off your shoulders ventures 2 Finlayson Green #18-00 The Penthouse group Asia
      153 words
    • 246 15 WW*. fern m WANTEDAbur Nominations For Singapores Best Business Brain THE search is on for Singapore's most outstanding business brain, and you are invited to join in. Business Times the republic's foremost business publication and DHL the world's leading international courier have joined forces to find the person who deserves
      246 words

  • 519 16 Stocks rebound amid uneasy calm Agencies AN UNEASY CALM settled over Hongkong's business community yesterday as the failed Overseas Trust Bank reopened under government ownership and stocks rebounded from FYiday's financial scare. Bankers said the government takeover of the insolvent bank had averted
    Agencies  -  519 words
  • 279 16 Reuter AP HONG LEONG and Co Ltd has decided not to buy a 62-per-cent stake in the Hongkong Industrial and Commercial Bank Ltd (HICB) from Overseas Trust Bank Ltd (OTB). OTB acting chairman, David Candler, also Hongkong's deputy secretary for monetary
    Reuter; AP  -  279 words
  • 203 16 UPI JAPAN scored a US$3.4l billion trade surplus in May, led by surging exports to the US, particularly car shipments. The Finance Ministry said yesterday that the surplus with the US, Japan's largest trading partner, was the second highest monthly surplus on record.
    UPI  -  203 words
  • 274 16  -  By LOH HUI YIN EVEN AS a tanker loaded with Iranian crude oil heads for Singapore, another deal has been clinched for more Iranian oil to -be processed in the Republic. The new deal Will see 1.3 million barrels of Iranian oil
    274 words
  • 192 16 AP THE HEAD of the People's Bank of China thinks it is "far too early" for China to let overseas banks set up branches, except in the special economic zones designed to lure foreign investors. Mrs Chen Muhua, appointed
    AP  -  192 words
  • 90 16 FORMER President CV Devan Nair has completed his treatment at a foundation in Pennsylvania, and will return to Singapore in mid-July, said a Ministry of Health statement. In a two-paragraph announcement yesterday, the ministry said Mr Nair was discharged from the foundation on
    90 words
  • 300 16  -  By ALVIN TAY CITIBANK might be the biggest bank in the world, but chairman John Reed still thinks there is a lot of room for expansion in Singapore. "I think the Singapore banking system works well, and has a very good track record
    300 words
  • 347 16 Bernama MALAYSIA chalked up a hefty M 55.68 billion trade surplus last year, the highest since 1979, with exports hitting the largest ever level of $38.65 billion, the Statistics Department said yesterday. The extraordinary performance was largely due to re-cord-breaking exports
    Bernama  -  347 words
  • 387 16 ONG Leng Chuan, well known entrepreneur and vocal longserving chairman of the Singapore Manufacturers' Association, died suddenly yesterday morning. The news was first made public through the secretary of Ming Court Hotel Ltd, Madam Lee Luan Yang, who in a short note to the Stock
    387 words
  • 69 16 Reuter THE New York stock market slipped lower in early trading yesterday, continuing the sharp decline of the Friday session. The Dow Jones Industrial Average was off four points to 1313. Declines led advances by a seven-to-three margin on volume of 8.77 million shares. Reichhold Chemicals was
    Reuter  -  69 words
  • LATE FILE
    • 46 16 Reuter WEST GERMANY'S Gross' National Product (GNP) fell by a real, seasonally adjusted one per cent in the first quarter of this year (ram the fourth quarter of 1964, a spokesman for the Federal Statistics Office yesterday said. Reuter
      Reuter  -  46 words
    • 48 16 Reuter SAUDI ARABIA yesterday devalued its currency for die third time this year. Foreign exchange dealers said the Saudi Arabian Monetary Agency adjusted die rate to 3.65 riyals to the US dollar. The riyal was last devalued on March 7 to 3.61 from 3.60.
      Reuter  -  48 words
    • 51 16 Reuter ISRAELI-backed militia treed a French IMted Nations colonel but kept 21 Finnish soldiers hostage in Southern Lebanon. The French Defence Ministry said Lieutenant-colonel Jean-Michel BilendjM, a member of the UN Peacekeeping force, had been released after ie|ae—uutioiu to Israeli Prime Minister Shimon Peres.
      Reuter  -  51 words
    • 53 16 AFP VIETNAM yesterday lashed oat at Japan for inviting Cambodian restatinre leader Son Sann on an official visit to Tokyo which Hanoi termed as 'illegal and immoral'. The Vietnamese army daQy Qumb Dai Mum Dm accused Japan of pursuing an 'erroneous' and "hostile' policy
      AFP  -  53 words
    • 46 16 Reuter PRELIMINARY reports indicate oil consumption in the the 24 members of the OECD in the second quarter will (all by about 2 per cent from the second quarter of last year, the International Energy Agency said in its monthly report Renter
      Reuter  -  46 words
  • Page 16 Advertisements
    • 58 16 **V Voo Nv\ Hi < V V V The Concord La Costa Swiss handcrafted 18 karat gold, blue chromium-finish, stainless steel, with or without diamonds. Quartz. Water-resistant. CONCORD. THE NAME IS A LEGEND, OWNERSHIP A PRIVILEGE. Singapore Authorised Dealers Asia Watch Centre Cortina Watch Centre Watches of Switzerland Chew Cheong
      58 words
    • 165 16 EXPORTS. x BE A SUCCESS LIKE DATA PRINTERS. 5 "t v.!: tMMWsB You can also be a success in exports Ike DATA PRINTERS. Having difficulties in extending credit to your overseas buyers? Or in obtaining export financing from your bankers? Then, you should know how DATA PRINTERS, a leading manufacturer
      165 words
  • Page 16 Miscellaneous
    • 37 16 f?raiM?trata Outlook for today: Showori in a tow oroos in tho aftornoon. Report for 24 hours prior to 7.30pm on June 10 at th« avport: Maximum tomporaturo .32.0 AfMcbtod humidity 67 Minimum tomporoturo 25.59 Attociotod humidity 96
      37 words

  • SHIPPING TIMES
    • 215 17 Fairplay THERE IS GROWING official concern in the US over conference abuses of the provisions for independent action in the Shipping Act of 1964. TTie Department of Justice, which has always been unhappy over the anti-trust relaxations contained in the act, has sent
      Fairplay  -  215 words
    • 117 17 Fairplay THE UNITED States government has stepped in to consider American President Lines' plan to build three new 3,500-TEU container ships. Transportation secretary Elizabeth Dole has agreed to demands of opponents of the scheme t|at she reviews the legality of APL's acquisition of three Equity Maritime
      Fairplay  -  117 words
    • 321 17  -  By G DURAIRAJ THE NATIONAL Shipping Company of Saudi Arabia has extended its Middle East/US/Canada/Saudi Arabia to Malaysia. The service to Port Kelang will intially be feedered via Singapore until a sufficient traffic is built to warrant direct calls. Feedering will be carried
      321 words
    • 184 17 JAPANESE classification society Nippon Kaiji Kyokai achieved a 67 per cent increase in tonnage taken on its register last year its best intake since 1976. Of the 579 ships newlyclassed last year, 501 were newbuildings with a gross tonnage of 6.07 million. The increase was
      184 words
    • PORTSIDES
      • 74 17 Reuter THE AUSTRALIAN authorities have detained a Taiwanese fishing boat and its crew of 19 after the vessel was found in Australian waters off the northern tip of Queensland, Australian police said. Officials were inspecting the boat, the Lib Yih, and questioning its crew, after a Navy
        Reuter  -  74 words
      • 83 17 Reuter FRENCH NAVY ship Victor Schoelcber left the pan g ia<ipgh Port of Chittagong after a 24-hour humanitarian visit, following a cyclone last month that killed up to 10,000 people, French embassy sources said. The frigate is to Join the French naval fleet in the Indian
        Reuter  -  83 words
      • 194 17 FT BRITISH SHIPBUILDERS's Appledore yard, Devon has won a £7 million order to build a dredger for ARC Marine, which has an option on a second vessel. The order is the latest in a run of new business for BS yards this year. The contract has
        FT  -  194 words
    • 655 18 UPI THE BRITISH-BORN company that cruises the world's oceans with the venerable Queen Elizabeth n is spending US$9O million to keep an even older, even more luxurious sea-going tradition afloat. Cunard Line, which began life in 1839 as the British and North American Royal Mail Steam-Packet Co
      UPI  -  655 words
    • 1837 18 THE LONDON shipping freights market ended the weekin fairly brisk activity on Friday, with emphasis on ore voyage fixing and time-charter engagements. grain operations remained slow, however. Ore interest included Sidermar's payment of US$7.4O (fio) to the Plotus for a 48,000-ton prompt shipment from Puerto Ordaz to western
      1,837 words
    • 131 18 THE LUXURY cruiser left to Join the Dutch Royal fleet recently on board the Scan Dutch container ship, the Korrigan. The 50-ft yacht was constructed for Prince Bernhard, the consort of Dutch Queen mother Juliana, by American Marine at a Co6t of more than
      131 words
    • 682 18 AB Shpg V 5 Freight Links Exp VI 3 A tea Line VI 3 Froto Line V 1 5 ANL 1 Fujiwara Line IV Anro S»r»Kt VI 4/5 Gescri Lloyd VI 5 APC Une V 4 Golden Line VI 4' APL 2/3 1 Hangfc Shpg V 5
      682 words
    • 213 19 AP TWO MAJOR MARITIME salvage companies have been locked In discord over apportionment of more than US$2.6 million (or saving the container ship Oriental Importer in the Gulf waters a week ago, the Bahrain newspaper Gulf Daily News reported. The vessel was struck with
      AP  -  213 words
    • 569 19 Lloyd's List ROUND-THE-WORLD services are having a marked effect on the businesses of leasing companies, as major liner operators step up their demand for containers and chassis. Bermudan-based Sea Containers, one of the world's leading lessors, says it is now benefitting from the increased
      Lloyd's List  -  569 words
    • 264 19 Reuter NORWAY HAS approved measures to restrict trade with South Africa that could disrupt vital shipments of crude oil there. The Norwegian sanctions also include licensing of all trade with South Africa and a total ban on imports of South African fruit and
      Reuter  -  264 words
    • 211 19 Jue Ml London the world insurance and financial centre, British Insurance Association senior management course. Jue M-a 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
      211 words
    • 185 19 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. AMRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedlloyd
      185 words
    • 108 19 Fairplay SUDOIMPORT HAS taken delivery of the biggest catamaran ever built. The Titan-2 catamaran crane, for use in the Soviet oil and gas industry, has a 600 tonne lifting capacity at 39 metre outreach. It is intended for use in the Caspian sea. Equipped especially for offshore installation,
      Fairplay  -  108 words
    • 6251 24 aeiaßGxiEß 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
      6,251 words
    • 671 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival date/time Operator Godws for LCL cargo FCL movement schedule Location Siri Bhum P Johnson Maersk Mango Wiline Toyo Jenlink Khd Repin China Cont Selandia Ratona Bhum E Guard Uni Humanity Niaga 21 Berlin SA Vaal
      671 words
    • 1679 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A—l A Tap Enterprises Pte Ltd Some (S) Al Shipping Bomteod Shpg Agencies A too Ljm Africon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfe» Oceanus Shpprig Agencies (S) Muhiport Sdn Bhd
      1,679 words
    • 327 26 AFP A RUSH of activity in the Gulf states area last week has greatly reduced the number of idle vessels in the vicinity, but rates paid were depressingly low, with oil prices weak throughout the world while supply continues to outstrip demand. The sudden upturn in the number
      AFP  -  327 words
    • 510 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 11.6.85/0500 B Tonsberg K9 Barber alongside Lady Dona K34 Kim Trdg alongside 11.6.85/1200 Murrayeverett K21 Everett alongside 11.6.85/2300 Tropical Moon K27 Sharp alongside 11.6.85/1500 Vietxo 12 K18 NAPL alongside 11.6.85/1600 Global Mars K29 Leo Shpg 10.6.85/2300 14.6.85/2300
      510 words
  • Page 17 Advertisements
    • 536 17 Monthly from Pitman Availabie at all good bookshops and newsagents HinTimes H liy Distributors I S'RAITS lUPOPi f XPRISS SIKVICf I £731 (URQPI STRAUS mPRfSS SFRWICI IJ/4 8/7 9/7 11/7 13/7 14/7 16/7 26/6 15/7 16/7 11/7 20/7 21/7 23/7 3/7 22/7 23/7 25/7 27/7 2»/7 30/7 11/7 21/7 30/7
      536 words
    • 167 17 mm CUNARD LINE is spending US$9O million to keep two luxurious seo-going liners of loot. Page II ROUND-THE-WORLD services ore having a marked effect on the businesses of leasing companies, as major liner operators step up their demand for containers and chassis. Page 111 Index to odvertisers II Weather map
      167 words
    • 592 17 BALT-ORIENT LINE Baltic SNppinf Co Rtfrtar Swim frtn MEKtMiti (MM Khfin mi NrtGMIMi Agent: Singapore Soviet Shipping CoPtoLtd Tel: *****3 MAERSK LINE Voy IS* por« EXPORT TO USA. 7/7 %n an an 14/7 14/7 a/7 a/7 a/7 a/7 a/7 i/i a/7 a/7 «/i v« 4/1 i/I u/i IVI n/i li/i
      592 words

  • Page 18 Advertisements
    • 259 18 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA MIDDLE EAST tor at Kobo m nn nn :a i/i 1/1 v» RK IVI 11/1 wm iv« 11/1 accepting LCL Cargo for USA Porta only. TRANS SIBERIAN SFPViCt Malaysian Bk| Agants: Anfto-frmdi Tradhf (M) S4n BM WbPanAsia Line. Ltd. COMTARBER SERVICE TO/FROM JAPAN TAIWAN U
      259 words
    • 312 18 I.i .i 1 r i.i" Bm 111 »:^vvvi'.-.ii Supercarrier Service mcnr-ar-i NUT MHBVVSBMHI TUAS 17/4 TOUKOMC 24/4. MMU PttSEUS 5/7 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA rn» cMki tar rnmtm (Ml). V fiwAn. (MM. Stacktaa aiSaNi TO: CARIBBEAN CENTRAL AMERICA 3 u/t a/% 22/4 24/4 2/7 7/7
      312 words

  • Page 19 Advertisements
    • 709 19 The Straits Steamship Group Mansfield Container Shipping PteLtd Overseas Containers Limited STRAITS SHIPPING Singapore to Satoeh, Sarawak, Brunei Ports and Bangkok •2/7 Mn M/ 7 M/ 7 11/7 12/7 11/7 21/7 21/7 25/7 27/7 29/7 M/ 7 M/ 7 M/ 7 M/ 7 M/ 7 12/7 11/ l 11/1 21/1
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    • 570 19 Franco Belgian Services F+' Li*. P* N< r rvi wx.l Bt ,-vi n Eus.r*~* 1 n^j i 11 MfMHtROf ACf CONSORTIUM if fractals cvp U/m f% m St I CHARGFURS HAVRAISE MEOEX I INF i ME 0 CLUB MEMBER) rin rJUIni Ha It ta II tm 4 M X ntm
      570 words

  • Page 20 Advertisements
    • 336 20 w Hapag-Lloyd 10 CONTINt NT, UK EXPORTS Or carriage to Scandbiavia, Med, Carribean ft S. America Mand hautaf* to inland (testations in Europe 22/7 27/7 25/7 1/1 5/1 1/1 12/1 I TO EUROPE MED r>w Ml s« 21/1 24/1 24/1 i 2/7 4/7 1/7 11/7 14/7 14/7 11/7 11/1 l/«
      336 words
    • 100 20 ItC.&.LINE FULLY CONTAINERISED SERVICE g»M(i .o»*nair-o*. 10 IUROPf Vl* SUM 1 ,hf tf ComoilMn CHM CONTMO 3M 12 KOKM CHMCf 22* 19 HONGKONG CONTttO 45* 26 ORBITM. CUB *4* 3 AISO LOMWG FOR BRMMHAVtN 2/7 4/7 6/7 J/7 J/7 11/7 13/7 14/7 16/7 11/7 20/7 23/7 23/7 25/7 27/7 30/7
      100 words
    • 429 20 I AGENCIES PTE. LTD. #09-07. ROBINA HOUSE. S PORE 0106. TEL: *****88. TELEX: RS ***** BOOKING: *****56 (OIRECT LINE) SINGAPORE TO PENANQ SINGAPORE TO SABAH SINGAPORE TO BRUNEI CONTAINER FEEDER SERVICE y rWh SIN CHIAO SMPPM AGENCY PTE LTD 8M CMa #imo m Taa NO. IB *****/RS COIOMBO/KAAACH/A6./*® SEA TEL:
      429 words
    • 592 20 r o EVERGREEN f-uH Container S^r.cP Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound Service (FE/EURO/USEC/C ARIB/ FE) no sua no ma pa cMOtx na lmkl m MOHTM an ouk SfiP *x 11/1 n/i n/t in 14n nn M Hi MR UN MfC m CM KM TYO AM MB nt
      592 words
    • 268 20 tUSINOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LIMES IRANIAN SERVICES sr KYOWA LINE TO PAPUA NSW GUINEA/ SOUTH PACIFIC SNK HMa« Lm*| tar OCEANM COUHER 24/6 f. Moresby. Lm Rata* i nWlJil, WUnl*i Loutoka, Suva, hpecttt, Pap, Apia OCEANA QUEEN 7/7 fi/7 Lm. I*4 P. fcmhy. KkU,
      268 words

  • Page 21 Advertisements
    • 712 21 V\v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0 106 Tel *****33 KARACHI/M.E. GULF SERVICES 15-20/7 IMI/I 10-11/7 IS-14/0 10-10/6 12-13/0 KOTA AMOKASA EAST AFRIC A/REDSE A SERVICES HONOKONQ SINGAPORE LOAIMNO FOR IS-lt/f ti-Tfft HOOOOAKAQASA 20-22/• 2S-90/C REUNION, MOMBASA. D'SALAAM -n-T 2t-30/« 4-7/7 DSALAAM, MOMBASA, HOOCIOAH, JCDOAH,
      712 words
    • 762 21 BENLINE CONTAINERS ir 3 3 1,>•!■■' fi".< ii. mi EXPRESS COHTAtR SERVICE FROM IK/COWTUCff MM MniWi MRK STOW PJOHNSSTOH FOR Itaaaa Mm hMIM MM Safe* Uri 14/1 11/ l MS. TR Imp fan SMfaM WIMM 11/ l IK. car 11M>#faMUW SaM Sate* SaM 23/1 TR MM E*na iMMri bM faM
      762 words
    • 517 21 DJAKARTA LLOYD INDONESIAN NAT lON AI i ifsjf f-i»' miif;.r,i \*aaLiu* nainii «n m »y»'3 i'MU'M 14-21/4 112/7 14/7 17/7 l«/ 7 l»/7 24/7 MMO m VMH/l/tM II Ml.—ll 11/7 M/ 4 4-4/4 9-14/1 ic-K/1 14-22/4 a/» MJO ACCEFTBK NKI, mi. IBM MMtuamt M CORTAKRL cam mo. Lifuomm u CAMOFOB
      517 words
    • 396 21 BOUSTEAD SHIPPING AGENCIES 1* BURMA FIVE STAR (Burmese National Una) Laadht f* Hantaan BANK LINE SPORE R'DAM HULL HMSG FOtTHBANK 15 Jwn 17 Jul 21 Jul 14 Jul MEADOW BANK 24 Jul 19 Aug 28 Aug 23 Aug HYUNDAI MERCHANT MARINE BULK TIMBER AND PLYWOOO SERVICE USA SERVICE PAOnC/GULF/ATUUmC PORTS
      396 words

  • Page 22 Advertisements
    • 834 22 *V K LINE -KAWASAKI KISEN KAISHA, LTD. Eaum/KKI/CMIE None vs. wm mt m worn mm smtmi*c*uo «nt W* itmmtummomm mimm mm ujh 22 j» nib im »mi •sm 1 m "M roam annn nae m srac moor* mzmuommmm r qktziucawtu uowhocokto ptcvmp. nia mamm mm aotr« 21 tm 22 tm
      834 words
    • 418 22 •/tX CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE LM*| M LOS MKtllS. SM nMNCSCO. SEATTLE, TACOMA. VWCOUVU I C UliiMl Fa/Fa Mam f Utanf Smpoo'e I Anfttn ''ML vIMm ;in; 3a.t\>': Tpm ta M Si* 25/21 km 27/21 Dot II Mr 10 Mr KM) 7/1 Wf 71 M| 20 My
      418 words
    • 311 22 SANKD ASIA FROM JAPAWCSf *O*TS AND HONOKOWC to Pta IM I* 22(1422 ri m GOLDEN LINE gum cmw am (no in UD) <m mm ia.i STRMTS/PDBMN 6ULF SERVICE: Spm PlMmi Pm* HUB) KM C*«M/UrK>/I»il|i>iii/D«f kMtaL 17/11 km KOUR OWE N. HHUTM/STOK/L MALAYSIA rOWMG KSTMATnH K LBTM Tat 13-2M211. *****3 P.
      311 words
    • 263 22 INTRASEA (PTE) LTD O BREAKBULK SERVICE TO EUROPE/tJK w k Nrt ton/mm*- (MM) -r •m P.T PERUSAHMN PELAYMtAM KALIMANTAN MECT WEEKLY SERVICE TO JAKARTA ETA/ETD BCSTMTBH ma *y 11/15 14/15 km MwWGHbn IB VtT 13/15 13/14 Jm Murta/CMw DXB 11/15 11/21 km Mid/Mi nV* 14/8 22/23 kM Jakarta/CHfcai 13/14 km
      263 words

  • Page 23 Advertisements
    • 690 23 a NEPTUNE NOL ORIENT LINES LTD FAR EAST/EUROP€ FULLY CONTAINERISED SERVICE > A ma»ir>be' of AC Cc K CHANCE 22V (17/6) 19/6 8/7 9/7 11/7 13// m CORTMR4SN (24/6) 26/6 15/7 16/7 18/7 20/7 oamm < i/7> 3/7 22/7 23/7 25/7 27/7 K JACUH2M (8/7) 10/7 29/7 30/7 1/8 3/8
      690 words
    • 346 23 H 14/1 11/ l 22/1 a/i v? V 7 IV7 IV7 11/7 M/ 7 M/ 7 i"i NFPTIt* IUNi lis Pl| ID !#i Hs4i4 Hortfcmf* /MO .'l.'l'.V flper jtmnv 1* .'.'OS.'RI l»<i*>jl< '.'o.'iso .'.»n.*so4 US' 2S/I 1/7 14/7 an 11/7 Ml IS IN |i(N*S \l 11* SON HMD ftMel 111
      346 words
    • 513 23 I SINSOV SINGAPORE SOVIET SWUNG CO PRIVATE LTD SMSOV BULOM6 55, Market Street Sinfapore 0104 Tdtphont Numbers *****3 (15 Urn) Cable Address SMSOV SMGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANC M/S SHARKAT MM SOON MM «D. IST ANO 2ND FLOOR. NO 1. JALAN CEMPCMNG. PORT KLANG
      513 words

  • Page 24 Advertisements
    • 422 24 Uti'«|i»nal Container l-iiirs j- T/r 4 Sa,lm^ s w eek, y J\ H p| P BB Reliable Regular 111 nrn __T .Punctual Berthing PSA Tue, Thur. Sat Sun KEBJLAR/FEEDER SERVICE TO PHUKET/SONBCLA DOT JH KT 9UJt MID KONSORTMM 172*/342 MTV KORSOtnUM 173 A/344 uni KONSOtTUI 174N/34C HINODE KISEN CO. LTD
      422 words
  • Page 24 Miscellaneous
    • 152 24 A n m p m tC .v'j Vl r fi f iJK c oow^y t!v^ c CP" Wind direction with qwed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND? R Thunderstorm Temperature °C Shower Weather pf Wind direction with speed in knots R
      152 words

  • Page 25 Advertisements
    • 48 25 42S0SS/*****6/*****1/*****3 *****1/4 TERMMAI 3M3SI/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 22SS6S/22USI/222t35 *****22 mmm FAR EAST/EUROPE CONTAINER SERVICE iZE nrrn PTIMPTj iTnTni mm Em nmwjm nm \nmumwn i nam in Jrv[UiDl ■mnani STRAITS/TAIWAN/JAPAN CONTAINER SERVICE SEA /AUSTRALIA CONTAINER SERVICE 11 li, I. ',-IIZ PENINSULAR-SABAH/SARAWAK/BRUNEI SERVICES U/ViM/TIM iCH/m/n a/au«/T*u 3=3 ISJ 117J lu IM
      48 words
    • 240 25 L/COKNE GENERAL AGENTS SEAL** SHPTWS (S) PTE LID. SWGAfQg SALES/WWWB TEL 22t5ttl (I UP) Scan Dutch UM To Europe (Med/UK/ NC Scan) TT I *1 VESSEL/VOY I ACCEPTNG/SMJNG 26/6 3/7 10/7 17/7 24/7 31/7 In rort 11/6 25/6 2/7 9/7 16/7 NDm*/174 N oap»a /184 B Sana/194 Setandu /204 N
      240 words

  • Page 26 Advertisements
    • 333 26 r MitsuJOSK.Lines Ltd CONVENTIONAL/SEMI-CONTAINER ALTAI MARU 14 Jun Mombasa, Daressalaam APOLLO PEAK 25 Jun Port Louis, Reunion HEROINAE 4 Jul Mombasa. Daressalaam. Tanga, Beira. Tamatave GLORIA PEAK 24 Jul Port Louis. Reunion HIMALAYA MARU 16 Jun Monrovia. Abidjan, Lome. Apape, Douala, Tema AFRICA'S v )NO^| S.A. VAAL*- 12 Jun S.A.
      333 words