The Business Times, 1 August 1985
1985-08-01
1
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The Business Times
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Title Section12 1985-08-01 1 BUSINESS TIMES M.C. (P) No. 99/1/85 THURSDAY, AUGUST 1, IMS 60 CENTS12 words
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Article552 1985-08-01 1 TERESA LIM - Committee considers effects of cut in income tax rate By TERESA LIM, Special Correspondent A MAJOR CUT in Singapore's personal income tax rates would have to be offset, at least partially, by a consumption tax or some other form of fiscal levy. Speaking at a press552 words
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Article, Illustration124 1985-08-01 1 MORE NEEDS TO BE DONE to promote local entrepreneurship, but this is a complex task. In a discussion with the press on entrepreneurship, the Economic Committee chairman Brig-Gen (Res) Lee Hsien Loong said Hongkong, for example, has a strong entrepreneurial class. But, he added, this was difficult124 words
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288 1985-08-01 1 THE ECONOMIC Committee is to review Singapore's tax system, its existing wage bargaining process and current programmes to promote productivity. This was announced in the interim report of the Economic Committee, published less than three months after its formation. The committee, which consists of288 words
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314 1985-08-01 1 TWENTY-TWO of the 82 Singapore Monitor journalists have been offered jobs in newspapers in the Singapore Press Holdings (SPH) group. The editor-in-chief of the Straits Times Press (STP), Mr Peter Lim, told Times journalists yesterday that job offers had been made314 words
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102 1985-08-01 1 AP THE GOVERNOR of the Indonesian island of Bali says business permits would be cancelled for companies using foreign names for their businesses. The official Antara news agency said yesterday that Mr Ida Bagus Mantra gave the warning when local legislatorsAP - 102 words
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Article, Illustration89 1985-08-01 1 SHARE PRICES Called ts pick op steam yesterday ea the Singapore steek exchange la the absence st fresh pesttlve At the eleee, the Straits Times Indsstrlal ladex was 2.13 pelats lewer at 771.15 while the BT Cemposite ladex shewed a drsp sf 2.W pelats ts 174.41. Brokers said89 words
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427 1985-08-01 1 JAIME LYE - By JAIME LYE MOST MAJOR hotels will be operating nearly full houses in January, a sight rarely seen in such bad times. Close to 2,700 rooms in 15 hotels have been booked so far for the exhibitors at the bi-an-nual Asian427 words
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458 1985-08-01 1 CHAN OI CHEE - Town City asked to explain accounts By CHAN OI CHEE HOTEL AND PROPERTY owner Town and City, releasing its belated audited accounts for 1984, has published a set of financial figures vastly different from the unaudited version released in April. This prompted the Stock Exchange of Singapore to ask the458 words
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Page 1 Advertisements
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Advertisement160 1985-08-01 1 A WATERMAN PARIS Writing instruments of distinction since 1884 Ttade enquiries: Ttel: *****33 So much beHerat Great Rxrfic V 4%* (per annum) FIXED DEPOSITS .r> p a 3 months 5' p a p.l 9 months 6"-. p a b' .pa P 1 months 6' p a Savings Accounts 6 1160 words
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Advertisement264 1985-08-01 1 Mora stories on ths Economic Committee's interim report on Page 3 mm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE m OUR VIEW THE FORGOING of NWC wage increases by trade unions is actually no great sacrifice. But yesterday's announcement, and The Economic Committee interim report which included a264 words
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Advertisement0 1985-08-01 1 */_)-*+$`?_?{!<[@_)/*;/~,'|'"$(0 words
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Advertisement136 1985-08-01 1 !_~@$-!:$*'*/&@__<-^?/^?/*]?][* Ambassador of tourism TOO EARLY it moy be to assess the impact of a pretty foce on tourism figures. But it is certainly not too late to intensify the drive towards attracting the five-millionth tourist to Singapore. See Page 8 W V s 11 r Glass Hotel prspfts for136 words
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HOME NEWS
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573 1985-08-01 2 LISA LEE - Private consultants to benefit By LISA LEE PRIVATE SECTOR consultants in the building industry can look forward to more government contracts as the Public Works Department has lifted the $5 million ceiling for projects which can be farmed out. The lifting of the573 words
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175 1985-08-01 2 SINGAPORE businessmen wanting to invest in India will have another source of assistance from this Saturday. The Indian Investment Centre (EC), to be set up temporarily at the Indian High Commission in Grange Road, will be the first in South-east Asia. The lIC is175 words
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Article36 1985-08-01 2 THERE will be no change in the electricity and gas tariffs for the next three months beginning today. The next review will be made three months later for the period starting Nov 1.36 words
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Article, Illustration575 1985-08-01 2 AMY BALAN - By AMY BALAN CITIBANK strategic plans are drawn up after extensive groundwork but even then they are still "big bets", said its vice-president and country corporate officer, Mr Nick Greville, yesterday. The bank, for example, lost a lot of money in the575 words
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72 1985-08-01 2 ALL SUBJECTS in this year's Primary School Leaving Examination (PSLE) will be given equal marks, removing the previous double-weightage system for the First and Second Languages. These will now have equal marks with Mathematics and Science. The Education Ministry yesterday said the move followed72 words
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105 1985-08-01 2 THE SCIENCE CENTRE will hold a seminar on "Contamination Control in the Clean Room" tomorrow. The seminar aims to give an update on recent developments in contamination control and to discuss the applications of contamination control technology vital to high technology industries. Specialists105 words
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497 1985-08-01 2 A UNION'S REQUEST for higher wages for its members was met with a threat of retrenchment by the management, the Industrial Arbitration Court heard on Tuesday. The Singapore Manual and Mercantile Workers' Union representative, Mrs Cheong-Law Swee Hong, alleged that Western Geophysical Co497 words
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378 1985-08-01 2 FARMERS affected by the phasing out of livestock farming can find an alternative livelihood running stores under a franchise chain just launched by the Singapore Animal Husbandry Enterprise (SAHE). The idea came from SAHE members, most of whom are livestock farmers. "Members378 words
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169 1985-08-01 2 RESOURCES Development Corporation has won a 51.2-million contract to supply prestressed beams for the Mass Rapid Transit project at Bishan Depot. The contract was awarded to the precast and prestressed concrete division of RDC by main contractors Nishimatsu/Lum Chang Joint-Venture. It involves the casting169 words
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Article, Illustration506 1985-08-01 2 A $7 MILLION contract has been awarded for the construction of the Hon Sui Sen Memorial Library at the National University of Singapore's Kent Ridge Campus. The contract was clinched by Metrobilt Construction after very competitive bidding from 25 contractors.506 words
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Page 2 Advertisements
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Advertisement104 1985-08-01 2 iUu JAPANESE RESTAURANT Welcome to the Unkai. The completely refurbished, totally Japanese restaurant at the Century Park Sheraton. Where the art of dining is so authentic, you'd think you were dining in Japan. And from Ist to 31st August only, all beverages from our beverage trolley will be on the104 words
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Advertisement161 1985-08-01 2 too much work? not enough staff? Maintaining a lean staffing situation is vital for healthy profits in today's tough economic climate! That's when SKILLTEK can assist! With Our Experienced Temps, you'll be able to supplement your permanent staff to achieve cost control and full productivity. Professional, Technical and Office Staff.161 words
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ECONOMIC COMMITTEE INTERIM REPORT
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Article, Illustration724 1985-08-01 3 Report underscores need to be flexible in implementing policies flexibility IS CRITICAL to Singapore's survival and prosperity while rigidity spells disaster (or the Republic. This fact was repeatedly emphasised by Brigadier-Gen-eral (Res) Lee Hsien Loong, the Minister of State for Trade and Industry, who chairs theSource: Department of Statistics - 724 words
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Article, Illustration462 1985-08-01 3 UNIT LABOUR COST of production in terms of US dollars in Singapore has soared by 40 per cent since 1960. In comparison, fellow newlyindustrialised Taiwan registered only a 10 per cent increase. Other competitors in the region, such as Hongkong and South Korea, progressed with only462 words
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291 1985-08-01 3 COMMERCE HAS, by default, become the largest employer in the Singapore economy, with the shrinking of the manufacturing sector's share of the workforce. The commercial sector employed 309,000 workers last year. This accounted for 25 per cent of total employment during291 words
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Article671 1985-08-01 3 THE ECONOMIC Development Board is studying new ways to bring in foreign investments which are getting more difficult to attract. "We must move beyond pioneer status, and quick startups for investors," said BrigGen Lee Hsien Loong. For instance, the $100 million in the recently established671 words
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Page 3 Advertisements
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Advertisement155 1985-08-01 3 Only $3"fora drink So areyou waiting for? The 7-piece Marquez Chamber Strips A whisky for only $3? Unbelievable but true! We're chaining $3 for every drink (except premium brands), served at the Kangxi Lounge, from 4 to 8 pm. This terrific offer is in celebration of Tai-Pan Ramada Hotel's magical155 words
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OVERSEAS
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559 1985-08-01 4 Reuter, UPI LEGISLATORS in the US said yesterday that Japan's new three-year programme to open its markets to American goods is unlikely to ease pressures in Congress to pass anti-Japanese trade legislation. Demands by the US business and labour sectors to retaliate againstReuter,; UPI - 559 words
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191 1985-08-01 4 AP PRESIDENT Ronald Reagan may be stripped of his authority over US international trade unless he demands fair treatment for American capital and jobs, an opposition Democratic leader in Congress said. The US Constitution gives Congress the right to regulate foreign trade, butAP - 191 words
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173 1985-08-01 4 AFP THE AUSTRALIAN government has expressed concern at a European Community decision to subsidise beef exports to Asian markets. Primary Industry Minister John Kerin and Trade Minister John Dawkins said on Tuesday the move was a further example of the destabilising influence onAFP - 173 words
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306 1985-08-01 4 AP, AFP THE MAYOR of Shenzhen, one of China's four special economic zones, said the Communist Party's policy offering incentives for foreign investment in certain areas was "perfectly correct", as shown by the progress made in his zone. I .tang Xiang, making a fiveyear progress reportAP,; AFP - 306 words
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Article136 1985-08-01 4 AP MALAYSIA'S total debt stood at M 554.406 billion on June 30, and the government will have to pay $4.73 trillion in interest for 1985. The Malaysian Finance Minister, Daim Zainuddin, said in Kuala Lumpur yesterday that the country's debt was $3.2 billion less than thanAP - 136 words
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205 1985-08-01 4 AFP THE OPPOSITION will defer impeachment charges against President Ferdinand Marcos until it has gathered enough evidence to implicate him in a US property scandal, it was reported in Manila yesterday. The Malaya newspaper said opposition MP's agreed in caucus on Tuesday toAFP - 205 words
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Article, Illustration170 1985-08-01 4 AFP A NEWLY -DEVELOPED robot that walks more like a man was unveiled at Tokyo's Waseda University on Monday. Just like a person when he walks, the 1.44 m robot shifts its centre of gravity to parts of the body other than the foot restingAFP - 170 words
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239 1985-08-01 4 Reuter INDONESIA's refinery expansion programme has been essentially completed and it is now able to meet almost all of its consumption requirements until the end of the decade. A report by the US embassy in Jakarta, released yesterday, said that "in 1985, there should beReuter - 239 words
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249 1985-08-01 4 Reuter LEADING South Korean dissident Kim Dae-Jung was placed under house arrest yesterday on the eve of the opening of the main opposition party's convention. Mr Kim, 59, said on the telephone from his home in Seoul: '*Tbe local police chief called on meReuter - 249 words
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325 1985-08-01 4 Reuter THE SHELL OIL Co, the largest employer and income generator in Curacao, announced on Tuesday that it will close its 68-year-old oil refinery on the Netherlands Antilles Island. Refinery officials informed Nether land Antilles Prime Minister Maria Liberia Peters of its decision toReuter - 325 words
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Article86 1985-08-01 4 UPI MUSLIM and Christian militias traded artillery and rocket fire for the second day running in Beirut after a Syrian army convoy delivered about 50 Sovietmade tanks to the Shi'ite Muslim Amal militia. Christian radio stations said the Shi'ite and Druze Muslim militias pounded mostlyUPI - 86 words
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Article779 1985-08-01 4 Operator ARRIVALS Sonric* Local From PAA PA21 Hm 0020 LAX/TYO/ MAS RBA LUFT OA MAS MAS MAS MAS AC RBA SIA CPA OA SIA SIA THAI SIA MAS GIA MAS SIA SIA GIA SIA GIA SIA SIA THAI SIA LUFT THAI CPA MAS MAS MAS SIA NW779 words
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329 1985-08-01 5 UPI US CONGRESSIONAL budget leaders, staggered by President Reagan's rejection of a compromise package, have fried to salvage a 1966 spending plan that would take at least a small bite from the federal deficit. A consensus emerged that an agreement if oneUPI - 329 words
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169 1985-08-01 5 AP PRESIDENT Ronald Reagan reportedly told Republican congressional leaders that the concept of paying people equally for jobs of comparable worth is an idea that "would destroy the basis of free enterprise". Mr Reagan, who was already on record in opposition to comparableAP - 169 words
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325 1985-08-01 5 AP JOURNALISM experts said television networks and other media face a crackdown by Congress or the courts if they do not regulate themselves to avoid aggravating any future hostage crises. "Television probably inadvertently advanced the cause of terrorism encouraged another hijacking whileAP - 325 words
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Article477 1985-08-01 5 UPI THE BRITISH Broadcasting Corp has bowed to government pressure and agreed to cancel a television documentary featuring an interview with a suspected leader of the outlawed Irish Republican Army. In what media analysts said was an unprecedented warning in peace-time, the government of PrimeUPI - 477 words
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Article200 1985-08-01 5 Reuter GROWTH in the British economy may be slowing down due to the impact of high interest rates on industry and the high value of sterling squeezing ex- ports, the Confederation of British Industry (CBI) said. David Wigglesworth, the chairman of the CBI economic committee, saidReuter - 200 words
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321 1985-08-01 5 UPI US ADMINISTRATION officials said on Tuesday the US rejected a Soviet offer for a five-month arms testing moratorium because historically the Soviets have failed to abide by such agreements. A Soviet Embassy official said his government rejected an offer toUPI - 321 words
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Article262 1985-08-01 5 UPI PERU'S new government shut down banks for two days from Tuesday in an apparent attempt to prevent nervous Peruvians from sending US dollars out of the country, and President Alan Garcia said strict exchange controls were being considered. Mr Garcia said he wasUPI - 262 words
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220 1985-08-01 5 SOUTH AFRICA has recalled its ambassador-designate to the US and announced further curbs under new emergency laws as international condemnation of its internal race policies grows. A Foreign Affairs spokesman said Herbert Buekes, who has been waiting two months for his credentials to be accepted,220 words
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109 1985-08-01 5 Reuter TWO USED-CLOTHING dealers in Philadelphia pleaded guilty on Tuesday to charges that they paid kickbacks to unnamed officials of the Salvation Army for hundreds of tonnes of old garments for shipment abroad. Harry Usatch, 72,, and his son Jerald Usatch, 42, also admittedReuter - 109 words
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Article, Illustration343 1985-08-01 5 Reuter THE SOVIET UNION has moderated its rhetoric towards the US on the eve of the first talks yesterday between the new Soviet Foreign Minister, Eduard Shevardnadze, and US Secretary of State George Shultz. In a speech to foreign ministers attending the 10th anniversaryReuter - 343 words
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Article331 1985-08-01 5 Reuter THE NEW Soviet Foreign Minister, Eduard Shevardnadze, made a hesitant debut on the international stage in Helsinki yesterday, leaving some seasoned diplomats nostalgic for the thunder of his veteran predecessor, Andrei Gromyko. Tugging nervously at his cuff-links as he was steered into place for photographs orReuter - 331 words
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Page 4 Advertisements
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Advertisement57 1985-08-01 4 Teppan-Yaki Experience a superb meal in a unique Japanese Garden setting elegant ambience enhanced by a cascading waterfall. Kanako's exciting menu includes delicacies prepared in the true Japanese tradition. Business Hours: 12.00pm 2.30 pm, 6.30pm 10.30pm Japanese meal Kama-Maeshi *0* «?»KANAKO JAPANESE RESTAURANT 190, Clemenceau Avenue. Unit 07-00, 7th Floor,57 words
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Advertisement6 1985-08-01 4 Pan Ante New Clipper Class DailyTbLosAngefes.6 words
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Page 4 Miscellaneous
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Miscellaneous40 1985-08-01 4 T SHOULP HAME SAP SOMETHING SOONERJKNOW.I6USSSITOOK rrwß&vma? ~rm you uouip ALWfS&THEtt, SM/UN6 OUT AT VeUORLP! "m i FORGNBME.MAKJA. 1 THOUGHT WU&S WO MUCH WOMAN FOR HB, SOI PRETENPePI PIPN7 CARS. U MAS A US. IDO CARS! ALUMS H/W! ft m40 words
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Page 5 Advertisements
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Advertisement6 1985-08-01 5 Linking ropoymonts to exports, Pago 76 words
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Advertisement171 1985-08-01 5 U/UNfIfR£HR! If you ever wondered where Johann Strauss got his inspiration, try the Austrian buffet luncheon at The Belvedere, now till August 30, 1985. Austrian cuisine is a rich collection of masterpieces from the Slavic region. A distinct Austrian flavour resounds however, like the intoxicating music of Johann Strauss.' Your171 words
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RAW MATERIALS
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540 1985-08-01 6 AFP THE CONTINUED SLIDE in world coffee prices has triggered a second one-million 60-ki-lo bag reduction in the International Coffee Organisation's (ICO) export quota for the current and final quarter of the 1964-85 (October-September) coffee season. The 75-nation organisation, composed of 50 producingAFP - 540 words
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Article73 1985-08-01 6 Reuter THE LONDON Metal Exchange (LME) is to reduce the number of half-day closes taken prior to UK bank holidays. The May Day, spring and late summer holidays will not now be preceded by a half day close but trading will still be halted at the endReuter - 73 words
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Article54 1985-08-01 6 Reuter THE INDIAN Commerce Ministry said it has cut the minimum export price of tea to 18 rupees per kilo for South Indian grade and 22 for North Indian from 26 for both varieties, effective last Tuesday. It said the cuts reflect a recent fallReuter - 54 words
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371 1985-08-01 6 AFP THE OIL PALM, often called Malaysia's golden crop, will net about Ms 6 billion in export income this year. Primary Industries Minister Paul Leong said yesterday production of crude palm oil would total between 3.8 million and four million tonnes,AFP - 371 words
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Article151 1985-08-01 6 SINGAPORE THE MORNING market yesterday ended quietly steady with August One RSS buyers quoted at 170.50 cents per kik), down 0.50 cent from Tuesday night. MALAYSIA Further intervention by the Inro buffer stock manager failed to aid sentiment and August Int One RSS buyers slipped half a cent from151 words
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Article291 1985-08-01 6 in S ceetsAg. FOt m boles NOON CLOSE Int RSS Prompt •uy 171.50 172.50N 170.50 171.50N Int 1 RSS Aug 85 171.50 ***** 170.50 171 00 Int 1 RSS Sept 85 171 00 171.50 170.00 170.50 Int 2 RSS 164 50 165 50N 164.00 165 00N UK/Cont.291 words
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Article94 1985-08-01 6 (cants/kg, 1-fon p 85 SEPT 85 (curr«fi it month) (forword month) NOON NOON RAS luyn Sfim Buyers c jwwn SSR 20 143 00 I45.00N 144 00 146 00N SSR SO 141 00 I43.00N 142.00 144.00N MRELB lyytfi SsMsn S^l^rs SMR CV 198.50 200 50N 199.50 201 SON94 words
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Article120 1985-08-01 6 WHEAT FUTURES on Tuesday closed IV* to 2Vi cents a bushel lower on the Chicago Board of Trade, after many months matched or exceeded previous contract lows. December ended near the bottom of a 4Vi US cent range. C and D Commodities bought one million bushels each in September120 words
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Article106 1985-08-01 6 THE PRICE ef tta en the Kulft Lampar Tta Market yesterday eased tm ceats to MfllJi per Idle ta tradtag. lie aew price, which Is still wlthta the ITA tower raage s( tl.l# to tIM, attracted light sappert (rem the haffer stock maaager whe had heea eat e(106 words
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Article156 1985-08-01 6 Yarn (la HK$ per bote ef 400 fe) China corded yarn, < :ones Hue Phoenix 16'* 2,550 Blue Phoenix 2Cs 2,600 Blue Phoenix 32'* 3,000 Btu« Phoenix 40" 3,400 Corded yarn, honk Bkie Phoenix 21'* 2,800 Combed yam, cones Bkje Phoenix 32'* 4.200 Bkje Phoenix 40'* 4,400 Open-end yarn156 words
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Article683 1985-08-01 6 COFFEE ROBUSTA COFFEE futures on Tuesday pared early gains to close £7 to £20 a tonne above Monday night in light, mixed trading, with short-covering at the lows and profit-taking at the highs defining the day's trading range. At the close, second position September was £8 above the683 words
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Article153 1985-08-01 6 SHORT-COVERING and speculative buying ahead of India's weekly tender today saw Malaysian crude palm oil (CPO) prices recover from recent lows to close firmer yesterday. But continuing weakness in Chicago soyoil futures limited gains. August deliveries in the central and south firmed M 532.50 to $922.50 and $920153 words
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Article134 1985-08-01 6 SOYBEAN FUTURES or Tuesday dropped further toward the close and ended TV* to llVi US cents a bushel lower on the Chicago Board of Trade. All months set new season's lows and November finished near the bottom of a 10 US cent range. C and D Commodities sold a134 words
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Article145 1985-08-01 6 Chinese Produce Exchango (Setters' MM dHM prices M My 31 (Ss/100 kt). Coconut oil Bufc FOB 100.00 Old drum FOB "2 95 New drum FOB 117 00 Copra Mixed (loose) 53 buyers Murrtok White FOB NLW 960.00 Sarawak White FOB foq NLW 950.00 Sarawak special block FOB M.W145 words
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Article273 1985-08-01 6 Singapore C-l Ord unq (S$/Mo. tm >a Ja.») Loonzoin Rica Frogront now crop 1 1st 0 80 2nd 0 56 100% 1st grade 100% 2nd grode 100% 3rd grode 21? unq 3rd 0.56 Parboilad Rica New Crop no stock 5% 215 25% 10% 210 10% no stock Thai Broken273 words
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Page 6 Advertisements
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Advertisement31 1985-08-01 6 Important announcement from BAT, Singapore Tobacco Company (Pte) Ltd The following are prices in Singapore of Newport Menthol Kings Recommended prices to consumers 20s Kingsize 10s Kingsize Per Unit $2.00 $1.0031 words
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BANKING AND FINANCE
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367 1985-08-01 7 Reuter INTERNATIONAL commercial banks have reduced their lend-ing-to the Third World, concentrating new loans in industrialised countries of the West, according to a study issued recently. The Bank for International Settlements (BIS) said foreign lending slowed sharply during the first threeReuter - 367 words
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188 1985-08-01 7 Reuter OFFICIAL RESERVES of monetary institutions are flowing back into the Euromarkets, having been drawn out in a flight to quality in the early *****, the Bank for International Settlements (BIS) said. In its quarterly report on banking developments, the BIS said an 11-yearReuter - 188 words
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150 1985-08-01 7 Reuter NS BANK HOLDINGS of assets denominated in Euro-sterling, Eu-ro-Swiss franc and the European Currency Unit (ECU) each rose by a record amount during the first quarter as interest in the US dollar waned, the Bank for International Settlements said. In itsReuter - 150 words
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268 1985-08-01 7 ALVIN TAY - By ALVIN TAY ASIAN OCEANIC Group (AOG), an international investment banking organisation with resources of more than US$lOO million, has acquired a 25 per cent stake in Asiaciti Trust Company Ltd. Mr Francis G Estrada, the managing director of the Hong-kong-based Asian Oceanic Holdings Ltd,268 words
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298 1985-08-01 7 Reuter TWENTY Latin American nations have called (or repayments on their US$36O billion debt to be linked to growth in their export earnings. In a statement on Tuesday, after a meeting of foreign ministers in Lima, they said creditors should become more flexible andReuter - 298 words
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Article, Illustration342 1985-08-01 7 AP THE HEAD of the US central bank has warned developing countries not to expect governments of richer nations to take over their private debts and forgive them. Mr Paul Volcker, the chief of the Federal Reserve, said countries which areAP - 342 words
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MONEY AND EXCHANGES
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Article345 1985-08-01 7 BA Futures SEPTEMBER EtrMtoUar futures yesterday opened unchanged from IMM's close but slightly higher than Tuesday's close. The market traded sideways between 91.57 and 91.59 in the September contract in quiet trading during the morning session. However, overseas buying on short-covering and easier interbank rates, during Liffe opening, sawBA Futures - 345 words
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Article240 1985-08-01 7 HONGKONG: GOLD yesterday closed higher due to the weakening US dollar in fairly active dominated by overseas demand. The metal's price finished at U*****.00/50 an ounce against an initial $325.00/40 and was above New York's $323.50/324.00 close. Gold ended HK$3l above Tuesday's close at $3,019 a tael after moving240 words
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Article73 1985-08-01 7 THE OVERNIGHT rate on the Singapore interbank money market rose by Vi point from Tuesday to close at 5 V per cent yesterday. The one-month term rate rose point. The two-month rate rose 1/16 point while the three-month rate remained unchanged S$ Interbank rotes at 3pm yesterday: OW«f73 words
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Article601 1985-08-01 7 SINGAPORE THE US dollar yesterday eased against most currencies in quiet early trading following its fall in New York on a larger than expected U5513.42 billion June trade deficit. It eased slightly to an early 2.8010/20 marks from New York's 2.8060/80 close and to 236.65/75 yen compared with601 words
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Article, Illustration268 1985-08-01 7 Asian market ASIAN DOLLAR deposit rates yesterday closed slightly firmer.. Overnight closed at 713/16 7-11/16, unchanged from the previous close, week fixed at eight 7%, up Vfc, three months at 8-5/16 8-3/16, up 1/16, six months at 8-9/16 8-7/16, up 1/16 and one year at nine 8%, up 1/16. Asian268 words
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Article260 1985-08-01 7 Interbank rates at 3pm yesterday: Local dollars to on* umt of foreign currency: Md Offer *ow partly T change US dolor 2.1770 2.1790 2.8196 -22 79 Sterling pound 3.1054 3.1105 7 3469 -57 73 Austrolian dollar 1 5826 1 5863 ***** -53 84 NZ dollar 1.1472 1.1505 3260 words
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Page 7 Advertisements
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Advertisement82 1985-08-01 7 SAVE EXPENSES. GET A COMPLETE OFFICE FOR THE PRICE OF A Complete services provided with conference room, switchboard operator and access to modern office equipment such as word processor, telex, facsimile, photocopier, etc. Rates from SSBOO *****0. Special rates can be arranged for longer term lease. World-Wide has a network82 words
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Advertisement85 1985-08-01 7 for the extra totubq at the heart of the city at KAWPACffr 6th Floor, UIC Building, Shenton Way. A An exclusive lounge to ensure privacy comfort while waiting. I k A 4 private tatami rooms, each cheerily cosy tastefully furnished. •4 Kampachi's very own 'Happy Hours' from 6pm to 885 words
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FEATURES
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Article521 1985-08-01 8 THE PLACARDS put up by trade unionists at separate demonstrations yesterday seemed somewhat odd at first sight. "Jobs first, pay rise later," one of them read. Was this a demand for more jobs? Or for no pay increases? Or both? Actually, the "demonstrators" were not521 words
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Article1003 1985-08-01 8 LIM SOON NEO - Local industry gearing to meet target of five million tourists by 1990 The five-millionth tourist to Singapore appears a very faraway prospect for some people in the tourist trade. They point to current arrival figures which are not very encouraging. But others are more optimistic, believing that1,003 words
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Article, Illustration396 1985-08-01 8 IN THE LAST WEEK of September 1965, Miss Aileen Yap, a 24-year-old secretary, was crowned Miss Tourism-Singapura. The contest was one of the highlights of "Tourist Week" an event organised few the first time that year and held against the backdrop of the Indonesian Confrontation. The396 words
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Article, Illustration590 1985-08-01 8 NORIHIKO SHIROUZU - By NORIHIKO SHIROUZU AFP A NEW fashion designers' lobhying group in Tokyo, the world's second biggest fashion market, is moving fast if somewhat belatedly to boost overseas sales of often innovative Japanese lines. The body, formed in early July by aAFP - 590 words
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Page 8 Advertisements
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Advertisement273 1985-08-01 8 Improve your business in the next itrasrr- c All the business news you need. When you need it. Page after page, Monday to Friday, the Asian Journal delivers important business news and information from everywhere in Asia—and the world. News and information that can affect you and your company. The273 words
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Page 8 Miscellaneous
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Miscellaneous664 1985-08-01 8 CRYPTIC PUZZLE ACROSS 1 University where o pupil gets on with a tutor (6) 7 In there a lot owing money (2. 3. 3) 8 Gradually reduced, yet double (4) 10 Steody source of bleats (6) 11 Vegetable that may go to a pot (6) 14 Sick as some vifloms664 words
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Miscellaneous47 1985-08-01 8 Bristdw ißaakiteteaslK« gji ttagi rilYi UJC CoOLP OfFIR To STP*Y &G.HIMD p\f Teis UJOR< P\Mt> DO ovecT.mc L€-T's GO BRCK TO Tne. office: p*wd trlk. TMIS THf?OOGH.. I DOJ'T Tmw< OJ£. NfFD "<0 GO FSS FRQ PsSTMPiT... V DON'T TVuNK. N€£D TQ CO P\S» Ff\R PvS ThP>T47 words
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SPORTS
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Article, Illustration461 1985-08-01 9 UPI BOXER Gerry Cooney, who became better known for staying away from the gym than for fighting, has announced his retirement. Cooney made the announcement on Tuesday through his manager, Dennis Rappaport. The reason he cited was an inability to get a rematch with heavyweightUPI - 461 words
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Article, Illustration252 1985-08-01 9 ANNA TEO - Singapore Badminton Association's $5.5 m clubhouse By ANNA TEO WHEN COMPLETED in December this year, the $5.5 million Singapore Badminton Association (SBA) clubhouse will not only add six more courts for the national team's training, but will also serve as a self-financ-ing project of the association.252 words
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Article, Illustration413 1985-08-01 9 AFP FRANCE'S Marseille-based America's Cup syndicate, Challenge Francais Pour L'America Cup, is considering flying two 12-metre yachts to Perth next year. Syndicate chairman Jean Losi said in Perth on Tuesday that French airline UTA would probably fly the two 25-tonne vesselsAFP - 413 words
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Article428 1985-08-01 9 AP SO YOU THINK your handicap's bad? Pity Lebanon's golfers. They face the ultimate hazards artillery shells, rockets, stray bullets and marauding gunmen. And that's only on the fairways. In Beirut, you've got to be a golf fanatic if you want to play on whatAP - 428 words
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Article111 1985-08-01 9 AFP SANDY LYLE for the first time faces up to the pressures of being British Open champion when he competes in the Scandinavian Open, starting at Ullna near Stockholm today. For the 27-year-old golfer, Britain's first Open champion for 16 years, the winAFP - 111 words
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334 1985-08-01 9 UPI THE MONTH-LONG meeting at the Saratoga race track was expected to begin as scheduled yesterday in spite of a dispute between Jockeys and horsemen. Steve Schwartz, the director of media relations for the New York Racing Association (NYRA), said: "There is noUPI - 334 words
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Article183 1985-08-01 9 Reuter HOTBEE, the 100-1 outsider in a field of nine, got the traditional "Glorious Goodwood" four-day meeting in England off to a shock start on Tuesday. The two-year-old filly, who cost only US$5,OOO as a yearling, had never won a race in seven previous attempts.Reuter - 183 words
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Article103 1985-08-01 9 AFP 808 MARSHALL, the 75-year-old Australian, showed that age does not matter as he thrashed Northern Ireland's Sam Clarke in the 25th World Amateur Billiards Championship in New Delhi on Tuesday. Marshall's 2088-559 win was a lesson for all players. He mesmerised his opponentAFP - 103 words
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213 1985-08-01 9 AFP GUY MERLIN, the French holiday homes tycoon who wants to buy out the redundant Renault cycling team entirely, has issued a final ultimatum which could mean him employing only two-time Tour de France winner Laurent Fignon. Merlin, who has pumped millionAFP - 213 words
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Article, Illustration186 1985-08-01 9 AFP MARY SLANEY will make another attempt to shatter the women's world mile record in the International Athletes Club meeting at Crystal Palace in London tomorrow. But Brazil's Olympic 800 m champion, Joachim Cruz, who pulled out of meeting Sebastian Coe inAFP - 186 words
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Page 9 Miscellaneous
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Miscellaneous1152 1985-08-01 9 to m mm) CRAZY LIKE A FOX 7.50 pm, Channel 5 This is the start of a detective series starring Jack Warden as the crusty investigator who is already at retirement age but shows no sign of slowing down. Street-wise, and with no dress sense, he takes on cases with1,152 words
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INTERNATIONAL STOCKS
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376 1985-08-01 10 Reuter BRITOIL PLC expects the sale of the British government's remaining 49 per cent stake in the oil exploration group to be successful. Lazard Brothers and Co Ltd said earlier it was offering 242.59 million ordinary Britoil shares at 185p perReuter - 376 words
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142 1985-08-01 10 AP US STEEL CORP, the largest steel company in America, has reported a secondquarter profit of US$l33 million, or 93 cents per common share, on sales of |5.1 hoik». The company registered a profit of $140 million for the same period a yearAP - 142 words
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334 1985-08-01 10 UPI BLUE CHIPS on Wall Street ended their slide on Tuesday. The broader market finished mixed in active trading. The Dow Jones Industrial Average gained 2.24 to 1,346.10. The New York Stock Exchange Index inched up 0.06 to 109.88. The price of anUPI - 334 words
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Article213 1985-08-01 10 495 5 JULY SO 1625 INDUS TRIALS MM «S A Afc>ho 925 2720 -80 Abtrcom ISO 25 4-5 -5 9900 IIKtl A£ And O 435 495 Bhjroon 1200 6130 -175 /S3cT..: 2730 -175 1100 -15 ***** C G S(i«h 1000 CNA 250 -10 985 -15 tea 4136 4200 -50213 words
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Article133 1985-08-01 10 JULY SO c$ Hud Say Man knp 01 7* 49* 19* AbMbi 18 unch bit Pro* Rpo 42* Mean 36% tot Uta 17*8 22* Korr Add 17 21 LBMOU B Bank Mont'. 29* 3* |Q 13* Mc BkxM 21* 42* Molion A 16* -M BP Can Lid 34 L»1Ch133 words
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Article669 1985-08-01 10 JULY 30 us$ Alcon AUm Alcoa 27* 35* -M Afelony Lud ASad Own Cp A -i SVOfW AfcOwtnm Am Brandi he Am ftuudtwl Am Can Co Am Cyanamid Am Bk Pw Am [«pmi Am Ham* Prod Am Motor* Cp Am NaWd Got AmTdl T«l— Amox he 23* 44*669 words
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Article837 1985-08-01 10 Amsterdam JULY SO fk AM 501.00 uidi Aagon 100.00 -0.4 Ahold 239 50 -08 Mn 123.00 +2Jt AMFV 268 50 3 5 Amhn Aim hor*. 87.00 -0.3 Baikal 4680 08 M *8 70 -0.3 Buraxwl 369.00 -03 Botkdb Blv Ta» 96.00 +3.8 Colond mm. 36 50 wich Cotva837 words
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Page 10 Advertisements
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Advertisement520 1985-08-01 10 «®ia Wit&tt to tfiiK, «U«e aai eatertala *> m f»mx ew I -asrwsß, y <'■ w-fr. iW» 4 «r<w ST «r«a» fc fa 'rr. ir ??u V Monday, Tuesday, Wednesday... hnun, just like Mum's cooking Welcome to our daily special dish! It's local. It's mouth-watering. It's super value for your520 words
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Advertisement104 1985-08-01 10 London stocks on pogo 14 LOIMSp Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet, Body N Soul from the Philippines. They'll captivate you! Happy Hours: Spin 7pm, 50% off all drinks (pouring brands). ci^Avn •HWtZ104 words
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ASIAN STOCKS
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Article361 1985-08-01 11 HONGKONG: Share prices yesterday closed easier in moderate trading in the absence of fresh factors. The Hang Seng Index fell 5.62 to close the half-day session at 1680.62. The Finance Sub-Index gained 7.67 to 1,335.09 as other sob-indices fell. The market opened steady with sporadic buying interest but selling361 words
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Article207 1985-08-01 11 JULY 31 Al Sinew* India Alio Caman* MT 190 20 20 -001 unch unch -04 +0.1 Kuochan Da* Lion Hwo Indus Non Yo Ptos Pacific Cora Pacific Elect Wra 12.20 9.10 23 90 1370 1175 0.15 0.1 unch -01 unch Cothoy Cora Chang Hwa Bank Chan loong 42 90207 words
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Article353 1985-08-01 11 TOKYO: Share prices yesterday closed mixed after a day of moderate trading with financials and do-mestic-orientated shares continuing to weaken as most blue chips and biotechnologies rose. The market average fell 37.62 to 12,232.27 at the close after dropping 321.53 on Tuesday in the second sharpest single-day decline on353 words
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Article101 1985-08-01 11 MANILA: Share prices yesterday closed largely unchanged in dull trading. The Mining Marker rose 0.38 to 692.73 while the Commercial and Industrial Index was steady at 131.46 and oils at 0.744. JULY 31 hm MarMMl Oriental B Phtox B OO I -0 001 0.005 0 001 unch Ptcoo B101 words
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Article380 1985-08-01 11 SYDNEY: Shares yesterday closed fkroer, supported by a shortage of scrip and strong institutional liquidity. Near the close of trading, the All Ordinaries Index had added 2.3 points to 935.4. The All Industrials Index closed at 1,359.4, a gain of 2.2 points, and the All Resources Marker rose 2.5380 words
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Article78 1985-08-01 11 JULY 31 Wm 600 10 -7 Hyundoi Con»T Hywdai Motor KAL 904 820 4S6 inch unch Chohatng Bk 653 Koroo 730 unch 13 +7 Commercial Bk 740 430 unch +7 Kono9» 1390 400 460 +3 5 638 inch 640 Samiung Co 665 •6 482 8 Samsung D*c 820 578 words
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Article141 1985-08-01 11 BANGKOK: Stock prices rose in moderate trading yesterday. Turnover fell to 485,812 shares worth 65 million baht compared with Tuesday's 771,784 worth 130.3 million baht. The Book Club Index improved by 0.38 to 142.94. Advances led declines by a small margin. JULY 31 Aokham Thai Alia Ffcra Ayuthayo krrv141 words
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Article57 1985-08-01 11 Reuter GENERAL ELECTRIC of the US and NEC Corp of Japan will create an equally-owned Joint venture, C and C International, to cooperate in international data services. The new Tokyo-based company, capitalised at 50 million yen, will provide clients of NEC's computer network with accessReuter - 57 words
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378 1985-08-01 11 BRITISH AMERICAN Tobacco Co (HK) Ltd (BAT) has lost the battle to prevent a West Germany company from marketing a new USmade cigarette in Hongkong. Sources said BAT backed off from its claim against Reemtsma Cigarettenfabriken GmbH of West Germany last week and agreed378 words
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110 1985-08-01 11 Reuter TOSHIBA CORP plans to start mass production of one megabit random access memory (RAM) chips early next year, beginning at the rate of 100,000 a month. It is understood that this may be the world's first mass produc tion of one megabitReuter - 110 words
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Article88 1985-08-01 11 AP DAEWOO CORP has signed a US$lB.5-million contract with its Indonesian Joint venture, PT Petrowidada, to build a petrochemical plant at Gresik, East Java. The South Korean company said Daewoo Engineering, a subsidiary of Daewoo Group, would install production facilities for the plant, which wouldAP - 88 words
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179 1985-08-01 11 AP SANYO ELECTRIC, a major Japanese electric and electronic appliance company, plans to build a factory to produce video tape recorders in the US beginning as early as 1986. Sanyo spokesman Nobuhiko Tsuchida said the company would announce in September the size, location,AP - 179 words
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Page 11 Advertisements
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Advertisement474 1985-08-01 11 ere. to Sine and egjteftilii Harbour Grill *1 ill* V. 0 r Nightly to an ambience of quiet elegance, our chefs tempt and surprise with the ultimate gourmet adventure. Cuisine en Evolution. The Harbour Grill. The experience is Distinctively Hilton in Style. HUON NTERNATIONAb SMGAPORfc Dine and nine in the474 words
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Advertisement105 1985-08-01 11 Savoury Delights Await You At V w Hong Kong Didk Xih fbr reservations caiL i«E>^ 235 2698 or 734 6622 fe/^3i Lanch. Uam-3pm orchard road Dinner 6pm- 11pm 1 Mtmmmnji.mmTmi. A«ple Free Parking 19 Cairnhl Qrde and Valet Service Singapore 0922 W 734 6622 OvtsMe CBD *1 f. >■ i105 words
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SHARE INFORMATION
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Article, Illustration4202 1985-08-01 12 Quality stocks hold steady amid dull market v v«inm> at half-time rhanpes. Never THERE WERE few thrills on the Singapore stock exchange yesterday as share prices drifted lower in quiet trading. At the close, the Straits Times Industrial Index was 2.03 points lower at 771.96 while the BT Composite Index4,202 words
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Article227 1985-08-01 12 SINGAPORE Rises Indices K kafcn 2Sp 8500 100 IT CoapooN Mr 30 676.54 *****54 Mr 31 674.45 M A A 2550 100 VTMkotor 8T08/0S MTP 340 +20 324 +210 F 4 N 570 15 STMartnob ***** 771.95 Siyo Motol 320 12 ST Fi«ic« 2330.85 2342.09 120 10227 words
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Article3559 1985-08-01 12 BID and offer price» officially llste<l and business In and re- ported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lota of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word3,559 words
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Page 12 Advertisements
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Advertisement11 1985-08-01 12 KL market report, Bueineee done on tho KLBE Soo page 1311 words
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COMPANY NEWS
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Article, Illustration677 1985-08-01 13 NAJEEB JARHOM - By NAJEEB JARHOM PAN-ELECTRIC INDUSTRIES has completed a major reshuffle of its board of directors which comes hot on the heels of recent changes in the company's shareholding structure. The company disclosed yesterday that another director, Mr N Segarajasingam, has resigned, leaving the677 words
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Article401 1985-08-01 13 AMY CHEOK - By AMY CHEOK PREPARATIONS for the much dev layed opening of Harapan's Glass Hotel by December this year are now in full swing. Both the Harapan group, owner of the hotel, and its new-found operator, Pacific Hotels International, have started recruiting staff. The Harapan group401 words
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504 1985-08-01 13 THE KUALA LUMPUR stock market's attempts to rally yesterday (ailed and share prices closed lower on most fronts in spite of late buying support. Interest was confined to selected stocks in the industrial and finance sectors, most of which ended with small losses504 words
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Article2299 1985-08-01 13 BID and offer price* 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 (3.105) A Chae (1.788 1.80S) AMD (3.048 3.085) (5)2,299 words
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325 1985-08-01 13 ACQUISITIONS by listed companies through share issues may be approved by the Malaysian authorities but under the condition that the new shares issued will not be quoted on the stock exchange for some time. At least this is what can be325 words
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Article396 1985-08-01 13 THE TELECOMMUNICATION Authority of Singapore has purchased another 192,000 shares in 8aga>pwe Press Hekttags Ltd (or $109 million. Following the acquisition, Telecoms's stake in SPH has been raised to 19.63 million shares (8.07 per cent) from 19.43 million shares (7.99 per cent). None of SPH directors has any396 words
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Article232 1985-08-01 13 Monogers' priccs MARA-Bun liputr S tor Aug I Singapore Unit Trust Frst B'putro Second B'putro Thr(j B'putro Fourth B'putro 5.13 4.68 385 5. IS 4.73 390 Th* Commtfct 1.71 1 81 419 4.34 The Sovngi Fund 1 33 1.41 Firth B'putro Sixth Bputro 2 85 190 Spore Prog232 words
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Article96 1985-08-01 13 HONGKONG Tuesday 1357.3 Hong Seng Index Wednesday 1680.62 Week ogo 1362 9 Tuesday 1686.24 Week ago 1665.63 NEW YORK Dow Jones TOKYO Tuesday 1346.10 Monday 1343.86 Tokyo Dow Jones Week ogo 1351.81 Wednesday *****.27 Tuesday *****.89 Standord Poors Week ogo *****.03 Tuesday 189.93 Mondoy 189.60 TSE Index Week96 words
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Page 13 Advertisements
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Advertisement510 1985-08-01 13 NOTICES la the Matter sf IteCMprieeAet la the Matter «f LUMCATE TRADING PR LTD (la Vstaatary lljalleW) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 20 Kramat Lane #03-11 United House Singapore 0922, on the 27th day of July 1985 at510 words
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Advertisement157 1985-08-01 13 la the Matter at Ike Act Cap IK And la Mm Matter «f UMCATB ntADDVG PTE LID (la Vattaaary Ll!all«llii) NOTICE HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound ap voluntarily, are required pn or before the 23rd day of August 1986, to send la157 words
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Article, Illustration511 1985-08-01 14 LUCY NG - Industrial, service sectors do their bit for economy By LUCY NG "JOBS FIRST, NWC/pay rise later", screamed some placards in a show of solidarity by 11 trade unions from the industrial sector along Upper Bukit Timah Road yesterday morning. Together with 14 more unions from511 words
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394 1985-08-01 14 A SPECIALISED UNIT has been formed to promote and develop the export of exhibition services which have tremendous market potential. And one of the first tasks of the Trade Development Board's (TDB) Group Promotions Unit, which was formed two394 words
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Article250 1985-08-01 14 SINGAPORE may lose some benefits when the European Community reviews its Generalised System of Preferences, hinted the West German Economics Minister, Dr Martin Bangemann, yesterday. But he said there was no intention to exclude Singapore entirely from the GSP. The GSP issue was brought250 words
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341 1985-08-01 14 AMY BALAN - By AMY BALAN BANK OF AMERICA has announced a major reorganisation of its world banking division, which will see its workforce cut by 2,000 people, or 10 per cent, in the next 12 to 18 months. The cuts, which will save the bank341 words
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Article212 1985-08-01 14 THE SHORT and chequered history of the Wisma and Forum property projects in Orchard Road appears to be moving into a new phase with the appointment of a new manager to oversee the developments. The Dubai governmentowned Union Bank of the Middle East (ÜBME), its212 words
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107 1985-08-01 14 Reuter HONGKONG named a team of special investigators yesterday to check the accounts of five companies believed to be linked to the near collapse of the Overseas Trust Bank (OTB) last month. A government spokesman caiH the firms were affiliates of OTB, which was rescuedReuter - 107 words
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184 1985-08-01 14 Reuter AMERICA'S Commerce Secretary Malcolm Baldrige said the index of leading indicators must show a stronger performance if the administration's 3 per cent 1985 growth target is to be met. "While this is consistent with projections erf stepped-up economic growth during the second half, we needReuter - 184 words
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Article896 1985-08-01 14 SHARE PRICES closed mixed yesterday after an irregular session which saw a small turnover. At 1430 GMT, the FTSE 100 was up 2.7 points at 1,255.0. Dealers said the market had earlier eased in further consideration of Tuesday's Confederation of British Industries quarterly report. INDUSTRIALS July 30 Pence896 words
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Article104 1985-08-01 14 Reuter COMEX GOLD FUTURES posted sharp gains of more than US$5.OO an ounce yesterday morning on follow-through buying from the upturn which started in Hongkong and carried over to the London market. In moderate dealings, spot gold rose $5.70 to $329.70 an ounce. The key DecemberReuter - 104 words
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Article67 1985-08-01 14 Reuter THE NEW YORK stock market pushed higher in early trading yesterday in an effort to score its first solid advance in a week and a half. The Dow Jones Industrial Average was up one point to 1347 while advances led declines by a two-one margin onReuter - 67 words
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LATE FILE
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Article49 1985-08-01 14 Reuter THE HONGKONG Land Department's Valuation Section yesterday said the piupatj market is likely to show an overall price increase of between 10 and 20 per cent in the next 12 months. It attributed the increases to continued cash inflows from South-east Asia. ReuterReuter - 49 words
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Article57 1985-08-01 14 Reuter 85 THE US Under-Secretary of State for Political Affairs Michael Armacost has for the first time held out the prospect that it might break its Anzus military alliance with New Zealand if Wellington went ahead with planned anti-nuclear legislation. He was speaking in aReuter - 57 words
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Article38 1985-08-01 14 UPI PHILIPPINE Defence Minister Juan Ponce Enrfle yesterday filed a U*****,000 libel suit against 11 Filipinos who charged in a protest he had benefited from the purchase of US-made helicopters in 1983. UPIUPI - 38 words
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Article44 1985-08-01 14 Reuter THE US computer giant IBM has reached an agreement with the Japanese government giving it access to state-owned patents on com-puter-related inventions. It will be licensed to manufacture products developed by certain Japanese computer in return (or royalties.Reuter - 44 words
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Article39 1985-08-01 14 Reuter Japan and China yesterday signed a loan document which calls for Japan to help finance seven projects including three to upgrade Chinese ports through extending a 75.1 billion yen loan to China. RenterReuter - 39 words
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Article45 1985-08-01 14 Bernama THE MALAYSIAN and British government officials will sign an air services agreement today, which will provide for the present seat capacity to be increased from 1,240 to 1,550 seats weekly with the additional service, beginning next July. BernamaBernama - 45 words
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49 1985-08-01 14 AP SEVERAL unidentified Chinese officials would be fired and two already have been dismissed because of a scandal on Guangdong's Hainan island. They have reportedly speculated in foreign currency, misused state money and resold imparted cars, video recorders and televisions for big profits. APAP - 49 words
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Page 14 Advertisements
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Advertisement53 1985-08-01 14 Another charming reason for dining at (Hotel Meridien) i Lunch at IR discount We're celebrating our first anniversary. Come discover our tempting Hunan cuisine. And ask for this splendid offer, which ends on 15th August. Every M no' garaeij restaurants u Hotel Meridien Singapore Lobby Level (3 Storey) Orchard Road.53 words
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Advertisement0 1985-08-01 14 &;&%\.="=@-:_%.@>&,>?.)[-"\{~>^0 words
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Advertisement237 1985-08-01 14 THE CHOICE IS OBVIOUS Sola-Edwards Commercial 9s Domestic Hot Water Systemsunmatched for efficiency d Water System PRICE FROMH $1850.00 INCLUDING INSTALLATION^ Edward* have won two Australian Design Awards and ovar 50 000 hot water systems have bean installed THE CHOICE OF Stainless steel quality for a long, long life. Up237 words
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Page 14 Miscellaneous
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Miscellaneous51 1985-08-01 14 Outlook for todoy: Foir with showers in the irwrnin^. Report for 24 hours prior to 7.30pm on July 31 at the airport: Maximum temperature 31.6 humidity 64 Miniffluffl temperature 25* 1 Associated humidity 95 Hours of sunshine 7.75 RoinfoH in millimetres trace Ramfoll this month 131.8 Rainy days this month51 words
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SHIPPING TIMES
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Article, Illustration435 1985-08-01 15 G DURAIRAJ - By G DURAIRAJ MALAYSIAN merchants and manufacturers have been jrged to associate with the International Cargo Handling Co-ordinating Association (ICHCA) to get innovative ideas to improve their handling methods. A number of Malaysian companies dealing with huge stocks can improve their efficiency and reduce costs435 words
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267 1985-08-01 15 Reuter THE HONGKONG Shipowners' Association has called on the government not to tax shipowning profits after an autonomous ship registry is formed. The association made the plea in response to a government document outlining plans for a separate registry. It said theReuter - 267 words
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92 1985-08-01 15 UPI THE EUROPEAN Ariane rocket and the US space shuttle will launch three satellites for the Inmarsat communications group. The decision made in Munich, West Germany, last week came during a meeting of the International Maritime Satellite Communications Organisation, or Inmarsat, aUPI - 92 words
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PORTSIDES
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Article100 1985-08-01 15 Reuter THE WORST ice conditions in recent years have delayed oil drilling in the Beaufort Sea, oil company officials said. A spokesman for Dome Petroleum Ltd, a partner in the drilling with Imperial Oil Ltd, 70 per cent-owned by Exxon Corp, and Gulf Canada Ltd, saidReuter - 100 words
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Article104 1985-08-01 15 Reuter A BRITISH sailor has appealed against his sentence of 10 years imprisonment for starting a fire aboard a freighter which killed three people, his lawyer said. Lawyer Grace Su said that Robert Heaton, 28, from Sunderland, north-east England, appealed to the High Court on theReuter - 104 words
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227 1985-08-01 16 OWNERS OF LIBERIAN registered ships have been sent warning notices by the Hongkong Shipowners' Association (HKSA) following incidents in which three vessels have been refused entry into Arab League ports. The latest Arab League incident occurred two Fridays ago, when the227 words
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Article, Illustration161 1985-08-01 16 WITHIN A SHORT space of two years, Jebsen Line has doubled the capacity on the South-east Asia/New Zealand run. The expansion reflects the healthy growth in Jebsen's carriage between the two territories, says Ben Line, Singapore agents for Jebsen. The 800-TEU Elbe was phased in161 words
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Article769 1985-08-01 16 ANGOLA July 16 Luanda 6-7 days. 20 vessels berthed, 4 anchored. Lobito No delays. 2 vessels berthed. ARGENTINA July 16 Buern» Aires —1-2 days. 33 vessels berthed. Rosario 2 weeks. 13 vessels berthed, 7 anchored. San Lorenzo 1-2 days. 5 vessels berthed, 3 vessels anchored. San Nicolas 5-8769 words
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Article704 1985-08-01 16 ABShpg V 5 Afeo Lme VI 3 APC Lin* V 4 APL 2/3 Anro Service IV 3/4 ANL 1 1 ASCL IK 1 Balt-Canada Line VI 4/5 Bolt-Orient Line VI 4/5 Bank Line V 5 B8S 1 4/5 Bayswater Shpg V 3 Ben Line Cont V 3704 words
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Article1131 1985-08-01 16 CHARTERING was very dull in all sectors of the freight market on Tuesday with rates remaining depressed, shipbrokers said. Grain fixing out of the US was mainly for more distant loadings with business from the Gulf to Japan comprising a September vessel at U5511.25 against $11.50 previously and1,131 words
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194 1985-08-01 17 THE SIX NEW container ships of Lykes Bros Steamship will be manned by 21 seafarers. The agreement was reached with four seafaring unions and will be implemented as the first ship of the "Pacific class" is delivered by a Japanese builder in194 words
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388 1985-08-01 17 Lloyd's List A CARGO SHARING pact considered critical in maintaining some stability in the Europe/Far East trades have been extended but only for a year. The Inter-Group Agreement which involves the major groups of shipowners in the Far Eastern Freight Conference (FEFC) is toLloyd's List - 388 words
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302 1985-08-01 17 UPI LIBYA WILL pay US$5OO,OOO to the crew and owners of a Norwegian freighter that was held for 70 days in Tripoli in an ordeal during which one seaman was killed, the Norwegian Foreign Ministry announced. "Seen in relation to the damagesUPI - 302 words
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Article203 1985-08-01 17 S*pt 15-1« 74th annual convention of the American association of Port Authorities, Portland, Oregon. S*pt 16-19 Cadmo 86, international conference on computer aided design, manufacture and operation in the marine and offshore industries, Washington, DC. B«pt 16-20 Insurance of target risks in Af-ro-Asian countries, Federation of Afro-Asian Insurers203 words
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141 1985-08-01 17 Reuter NATO WILL hold a naval exercise aimed at protecting the flow of shipping from North America to European ports in the Atlantic, channel areas and the Norwegian sea. A statement from the Supreme Headquarters Allied Powers Europe (Shape) on Tuesday saidReuter - 141 words
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Article189 1985-08-01 17 THE MAJOR shipping consortia operating between the Par East/Europe, Par East/Persian Gulf, Straits ports/ Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. AMRO (BTRAITB/ AUSTRALIA): Australian National Line. Australia/Straits Container189 words
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Article106 1985-08-01 17 AP FRANCE'S Chan tiers de L'Atlantique shipyard has won the US$l5O million contract to build what is said to be the world's largest cruise liner. The 2,550-bed vessel is ordered by Norway's Royal Caribbean Cruise Line, Alsthom, the parent of Chancers announced. The shipyard in theAP - 106 words
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Article, Illustration5271 1985-08-01 22 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.5,271 words
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Article713 1985-08-01 23 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Rotu Konsort Dhaulagiri N Obukhova Tanah Air B Penaga L Athula Prasetia Uni Promoter Niaga 42 E Oasis Johore Br Majapahit Mcria Moris Otter 180N713 words
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Article1679 1985-08-01 23 Who acts for whom The leading shipping lines operating from local ports and their agents. A-B A Top Enterprise* Pte Ltd Some (S) AB Shipping Bousteod Shpg Agencies Afeo Line Africon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceonus Shipping Agencies (S) Multiport Sdn Bhd (PK)1,679 words
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Article503 1985-08-01 24 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Arrow King K12 Bakke Sime alongside 01.8.85/1700 Bw Fortune K29 Odfjell alongside 01.8.85/0600 E Wiseman K17 Kim Trdg alongside 01.8.85/2300 Fengming K15 Yick Fung alongside 01.8.85/1500 Hakkaisan M K27 Sharp alongside 01.8.85/2300 Inz Yer'kin K9 S'pore Sov503 words
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Page 15 Advertisements
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Advertisement719 1985-08-01 15 Monthly from Pitman Available at all good bookshops and newsagents Iff Times lIU Distributors tm. -mA MEMBER OF THE C.Y. TUNG GROUP OiQENrOvEiQus ftdfa LINE Agents: *N» IMMK S»#HW MDHES (Raf. 9*- 242fM/M) fFll 70 Stent™ WIT #0403 Mm Nana Siwin 0207 kNZJ T«t *****11 I*l NO: RS 2*lW K2Ss719 words
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Advertisement61 1985-08-01 15 [ISMDB OWNERS OF LIBERIAN registered ships have been sent warning notices by the Hongkong Shipowners' Association (HKSA). Pag* II A CARGO SHARING pact considered critical in maintaining some stability in the Europe/Far East trades has been extended. P«g« 111 Index to advertisers II London freight II Port conditions II Consortia61 words
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Advertisement894 1985-08-01 15 InS'iinvii EXCELLENCE. <0 v 4* This runaway bestseller disects the secrets of America s most successful and has distilled their success into eight basic findings which make exceptional sense MAERSK LINE P«nang Vhml Voy I S'por* EXPORT TO USA. EUROPE. EAST. WEST AFRICA ft ASIA VI 1100 MS 4/1 7300894 words
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Page 16 Advertisements
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Advertisement395 1985-08-01 16 YAMABHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA 11/9 11/9 14/9 N OBEY It 21/9 a/9 K/9 KIMOBE M tor at Koto* VSL H TOM SAW MM ey m. »/9 u/9 EY U 21/9 11/9 K 29/9 U/9 1/1B M. l/ll 4/11 l/U Also accepting LCL Cargo for USA Ports only. Vtud IOtBAY395 words
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Advertisement343 1985-08-01 16 1.1 i Supercarrier Service TrT NUT ARMVAIS BARK ft PRtA* S/t BARBfR TOM 12/8. N ROOCSTIR 6/9. BMKR TAMPA 6/9 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA Mm accept* caMn to Haarie. (MLB). I Ftacsc*. MW. Stacfctaa ato San ttega m L I TO: CARIBBEAN CENTRAL AMERICA umma343 words
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Page 17 Advertisements
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Advertisement824 1985-08-01 17 The Straits Steamship Group Mansfield Container Shipping PteLtd Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINERSHtP SERVICE TO UK/CONTININI kgasus ran rt casus rax BANGKOK BORNEO AGENOES LTD. BANGKOK TEL: *****80 accepts cargo ok s*s 3 CONT AINf ®SHIP SFPVICE FROM IM CONTINF NT824 words
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Advertisement706 1985-08-01 17 Franco Belyuin Services r*f r-r*. .'rvi WV» h. >'j, A I ,U4 Mt MBt R Of ACF OONSOR TIUMi rrac FJKLMBIf ttam t'tm flkmrn Mm ntm M 7 (S M|) MMi 27 M| »Ml 31 Ml IHp 3Hp MKM CHMd a 14 A* (12 Mi) 2Hp 3Hp SHp 7Hp IHp706 words
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Page 18 Advertisements
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Advertisement708 1985-08-01 18 u Hapag-Lloyd TO CONTINLNT/UK EXPORTS On carriate to Scandhavia, Med, Cambean IS. America Wand haulage to inland destinations h Europe I TO EUROPE/MED Koertoon Bit Koertoon by Keerioan Bay City ot Edrtu|h City at EMurfk City at Edadwgft Frarttvt Eiprtu Fraaktart Eipreii Fraatfart Express CarSgan lay Cariga* lay Cardfcan lay708 words
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Advertisement424 1985-08-01 18 HC.&LINE FULLY CONTAINERISED SERVICE TO (URO« Vl* SUEZ J Membf ot th« Ace Coryytun CHEVAUR PAUI 45* tiansworld brdce 2t« CHM CONTUOI 31N OCVAIO DOS 44N lam P Keiant leMjwe r*m Fti— WWf A«»w«j 7/8 5/8) 76/8 27/8 29/8 31/8 3/8 14/8 (12/8) 2/8 3/8 5/9 M J®'® 21/8 (19/8)424 words
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Advertisement588 1985-08-01 18 OL Hai Sun Hup Co (Pte) Ltd TFL 2?***** <?0 I ir.t-sl Tl X RS??ofcl A RS?O6/'? t lv\Ml K\ < W( \.\WM. I II). Specialist in RO/RO Service Acceptinf heavy-ifts upto 80 K/Tons Saints from Japan v«u*i s>n r*«bm MSSHO MAM *44 SW SW SOU MATSUYAMA 3Am <h| SKI588 words
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Advertisement421 1985-08-01 18 o EVERGREEN ful' Container Service Round-The-World East Bound Service (FE/C ARIB'USEC/EURO/FEj Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) US WEST COAST SERVICE OUTBOUND rbb wl sar Nona naaria 9/9 nam noauw nn nou> no oum> 25/1 now na com 2/1 no ui no earn 3/9 no i« HO GOME 17/9 no 10421 words
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Advertisement134 1985-08-01 18 as I NOSE MARITIME PTt LTD^ ISLAMIC REPUGLiC Of IRAN SHIPPING L«*ES tr* ma KYOWA LINE TO PAPUA HBW GUINEA/ •OUTB PACIFIC I O' II I ii l 7 M ■M r.. T i SL/N t/W/OW LINE M JV'A«T7T7 T7T~^B TiITAIYO MARINE LIKE WEST AUSTRALIA SERVICE P.MEDUH) FIMNTU 4/10 10/10134 words
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Page 19 Advertisements
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Advertisement748 1985-08-01 19 V\v PACIFIC INTERNATIONAL LINES PIL Building 140 Cecil Street. 03-00 Singapore 0 106 Tel *****33 VESSEL HOT A RAJA HOT A RAKYAT HOT A HATHA HOT A JAVA KOTA WMAWAN KOTA MEOAH EAST AFRICA,REDSEA SERVICES VOVAOE NONQKONO SINGAPORE E-575 Jl-1/S S-7/S E-577 MA IJ-W1 E-C7* T-S/S -M-is/a E-SSI 20-21/• 2S-2S/S748 words
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Advertisement603 1985-08-01 19 BEN LINE CONTAINERS te < W 31 fKvi V< KkJJEBSEN LINE NEW ZF ALAND J.V, 111:■ j h a Is* |«I r I 1/1 I It/* 21 P. Hornby Aack/Taar Napar Tmmti Btatf 3/1 9/i 12/0 14/1 Tw Sm Lat Nnm AaeVTa 2t/« 30/1 22/9 21/1 3/10 inra Mia tmm603 words
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Advertisement493 1985-08-01 19 IW.Xstl DJAKARTA LLOYD v i 'Nf NI A', NA 1 I A; \f i/.v: I I MW.AV > W\ i A •1M UUMf VUW SWM SMHMTt Vl«n i l/l 4/1 •"-KVTN WW 2S-2VI 11/1 ocem w rrm ni»/» *I'l 24/1 21/1 25/1 in 11/9 12/1 27/1 a/» 27/11 17/ M493 words
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Advertisement507 1985-08-01 19 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR Lttdtag far S>rt 274 Am Ldkta VI4IN 2/4 fa| Htaneyaa V2O3W La*» MS 8/10 V257W 12/14 A* Handatay W 15/17 A« h-« Vt7 25/21 Lm*C FOi HKG. JUL Plato* BANK LINE a«i»; aL'.. >. *uiLfi .11 SPORE R'DAM HULL HMSG MEADOW BANK 1 Amg507 words
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Page 20 Advertisements
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Advertisement1119 1985-08-01 20 n K. LINE —KAWASAKI KISEN KAISHA, LTD. vac rn.6 m mm hk omviqulcallao mca Wi »*ost* sjhtoho )km (hi Ikm m Ml* 25 hp 2 Oct (Oct 7Od I Oct 11 Od 13 Od I SEA nas ns mm kok mtmkiommigo pt. qbtmucajwu uoweo comto n cua* t. corns 4km1,119 words
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Advertisement262 1985-08-01 20 CALIFORNIA/PACIFIC NORTH NEST SERVICE EXPRESS CONTAMER/REEFER/BU.K SERVICE losing lor lOS ANGELES SAN (RANCtSCO SEATTLE TACOMA VANCOUVER BC Acceplinf FCI Fa Containers P Singapore I Anf«tK JMARAIEW n/K fa, 21 S^t AUSTRALIA EXPRESS CONTAINER SERVICE JAPAN SERVICE Im*l tar: Kate (Mm, Nat*. OajAa. M* Mm cafe Tmm/S Rerea Pttum PJlabNi Saturn262 words
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Advertisement413 1985-08-01 20 SANKD ASIA FPOM JAPANESE POUTS AHO HONOKOHG Pi GOLDEN LINE GUAM GUM SWFMG (PTE) LID lra| Imi Mhl M IMkL H Cad Skid (■a* Imi Mhl M Mfa. M Cad Sfcwt smarm iim m mtm <il iacs> I* Rota Lmp« M2ll P. (da* »7*l XMSt tarn (ate* *f* OHM IIOTO413 words
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Advertisement392 1985-08-01 20 INTRASEA (PTC) LTD w K*d r2 7 1h !n S- r> i ,-tiiO f 20 7 Tf»l <► BREAKBULK SERVICE TO EUROPE/UK rpn r. tan--5/1 14/1 ■OTT/Mff/UL (MOM) AND R.M.Z.^ S pore P.Mm| Lu*t tar 10/1 14/t MwMnai/Mwda/ Yjgf P.T PEMBMIAJW KLAYMM KALIMANTAN WRECT WEEKLY SERVICE TO JAKARTA Vassal ETA/EID392 words
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Page 21 Advertisements
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Advertisement810 1985-08-01 21 wWNOL NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE/UK (VIA SUEZ): CMUI4SW+ C CONTAOO 31W C WZE 44N 0 CHEF 45W P.KeUnj Spore (5/8) 7/8 (12/8) 14/8 (19/8) 21/8 (26/8) 28/8 9 (9/9) 11/9 1/10 3/10 Also accepting car® to/from Scandinavia C PAUL S'pore Closing Times: FCL810 words
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Advertisement640 1985-08-01 21 Spot K No 7 Dm/SM 1/1 4/1 No 1 Dorum MM 10 1 14/1 No I Dmmi/SNN IVI 11/S No i Donm/MCN 73/1 30/1 No 7 Donjm M7N 3/t 7/9 fCN PC HON BUS* 12/1 4/J 27—21/1 1/1 11/1 ACINOUS PI! I 10 VI 'hS4 14 R<.okm{s .'.V/MO .'.'l.'O.V <640 words
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Advertisement674 1985-08-01 21 SINSOV SINGAPORE SOVIET SMPPING CO PRIVATE LTD HNSOV BUUNNG 55. Merfcet Street Sinfapore 0104 Ttbphone Numbers *****3 Cable Address SMSOV SMGATORE Tetei Numbers RS ***** RS ***** RS ***** *****3 (15 Um) P. KELAMG M/S SHAHKAT MAN SOON SON. Btt. IST AND 2ND FLOOR. NO 1. JALAN CEMPENNG PORT KLANG,674 words
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Page 22 Advertisements
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Advertisement755 1985-08-01 22 lti'<|i<Mial Container Lilies 4 Sailings weekly ■TO Pi FaB Reliable Regular Punctual Berthing P S A Mon, Tue. Thur, Sat REGULAR/FEEDER SERVICE TO PHUKET/SONGKLA WT SM PKT HU MTU KONSORTIM IMN/351 to Pt tAx MTU KONSORTIM ltlN/JM I Aug 13 Aug RATU KONSORHUM II2N/X2 15 Ax 20 Ax HINODE KISEN755 words
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Page 22 Miscellaneous
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Miscellaneous160 1985-08-01 22 Regional Weather Z fT. <• 5* m m sSB r^pgg dZ? SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MORNING. b^ 1 Wind direction with speed m knots Wave height LEGEND: rstorm TerTI Weother <*rect,on with speed m knots Rom Wave height O Cloudy Sky Surface winds are indicated160 words
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Page 23 Advertisements
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Advertisement57 1985-08-01 23 use AGENCES K. LUMPUR P. KELANG PENAN6 P. GUDANG j. BAHARU LEOSHP SPORE 4280M/*****6/*****5/*****3 *****1/4 TERMMAL 3SS3SI/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 22SS6S/*****5/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE STRAITS/TAIWAN/JAPAN CONTAINER SERVICE no I TON S E A /AUSTRALIA CONTAINER SERVICE i/,r .nyji.ii.rr PENINSULAR-SABAH/SARAWAK /BRUNEI SERVICES ETA lETD ETA lETD ETA KK/MUA/KCH KCM/SB MISC57 words
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Advertisement205 1985-08-01 23 UQORNE SEMJON SHPTK (S) fit LID. SMfS/MKKMB TEL Z2tsStl (I LIB M/V CGM VtLAY VBLSS M/V AMAGNAC V9LSS M/V CGM VAR VIOLSS 31 m 2/10 To Red Sea/Mediterranean PENANG P. KELANG B Butane In Pt B Butanj 2/8 B Butane 5/9 B Butang 6/9 From Europe VESSEL/VOY WoensdrecM/654 N Vm205 words
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Page 24 Advertisements
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Advertisement288 1985-08-01 24 WORLD LINE ALSO ACCEPTING CARGO TO PORT KfIANG VESSELS SPORE P HEIANC TEW M.-12C Am| 3/5 A* 1/7 MOCK SAN Ni l Am| i/U Au| 11/12 M DSC muk tar* SmtW" at m G4i P2 Gen A|ent NPPOH EJHESS (S) PTC LTD Martd Trad* Centre 1 Mm* I Span SI288 words
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Advertisement316 1985-08-01 24 Ifr 15 Mitsui OS K Lines Ltd FULL CONTAINER AFRICA'S v—^NO^j NEDLLOYD MOJI ASTRA PEAK AFRICA MARU EARNEST VENTURE 9 Aug Mombasa, Daressalaam, Tarvga, Beira Tamatave 17 Aug Mombasa. Daressalaam 23 Aug Port Louis, Reunion 23 Sept Port Louis, Reunion 19 Aug P. Noire, Abidjan, Monrovia. Apapa. Douata, Tema S.A.316 words
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