The Business Times, 22 August 1985
1985-08-22
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The Business Times
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Title Section12 1985-08-22 1 BUSINESS TIMES M.C. (P) No. 99/1/85 THURSDAY, AUGUST 22, 1185 60 CENTS12 words
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Article611 1985-08-22 1 RAMESH CHANDIRAMANI - Preference share issue worth 100 million By RAMESH CHANDIRAMANI NATIONAL FLAG CARRIER Neptune Orient Lines Ltd is raising $100 million worth of financing capital through the issue of 1,000 redeemable cumulative preference shares. This is the the third time in less than a year that611 words
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Article, Illustration444 1985-08-22 1 FOO CHOY PENG - By FOO CHOY PENG THE FIRST DEPUTY Prime Minister Goh Chok Tong last night dismissed the speculation that the proposed move to have an elected President in Singapore reflected the Prime Minister's lack of confidence in the younger leaders. "It is444 words
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85 1985-08-22 1 Reuter CHINA YESTERDAY dismissed Vietnam's statement that it intended to withdraw all its troops from Cambodia by 1990, saying it represented no substantive change in Hanoi's "aggression against Cambodia". A Chinese Foreign Ministry spokesman said the only acceptable solution to the Cambodian conflict wasReuter - 85 words
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558 1985-08-22 1 BOEY KIT YIN - By BOEY KIT YIN SINGAPORE'S role as a gateway to the growing Chinese market gave its trade with Europe a timely boost in the first six months of this year, at the expense of a slightly wider trade gap. While other major markets558 words
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Article, Illustration70 1985-08-22 1 DESPITE A SLIGHT improvement in the major Indices, share prices an the Singapore stock market generally Isst farther grsnnd yesterday and vslnme continued to be light. What baying there was, came frem Malaysian investors while locals preferred to remain sn the sidelines. The BT Composite Index edged ap70 words
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336 1985-08-22 1 AP THE HONGKONG and Shanghai Banking Corp will be the first foreign bank allowed to open an office in China. The official Xinhua News Agency reported yesterday that China's central bank, the People's Bank of China, has allowed the Hongkong-based bankAP - 336 words
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Article111 1985-08-22 1 Reuter HONGKONG banking commissioner Robert Fell has denied market rumours that Dao Heng Bank had financial problems. He said yesterday the commission had completed a routine examination of the bank's finances and found "no problems that would cause concern. "There are rumours but we canReuter - 111 words
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84 1985-08-22 1 Reuter FRENCH TRADE MINISTER Edith Cresson has ruled out devaluing the franc. She said it would not offset the country's continuing failure to gear its products to export markets. She criticised pressure from exporters for a franc devaluation. "The solution does not lieReuter - 84 words
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Page 1 Advertisements
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Advertisement119 1985-08-22 1 Tops h Car Aucfio Technology FUJITSU TEN LIMITED AMATEUR PHOTO STORES LTD. Singapore: Phone *****22 Kuala Lumpur: Phone 5 7 0233/*****0 Parvang: Phone *****/***** Jakarta: Phone *****9 M anagers ust anage BT shows you how every Monday. Usual publication on Monday, August 26 Come experience the pleasure of our tempting119 words
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Advertisement340 1985-08-22 1 Reaction to Aussie budget PRICES are going up down-under and threatening Australia's economic recovery. On Page 8, FLORENCE CHONG in Sydney gives the background to this week's budget, and BRIAN GOMEZ reports on the reaction of Australian businessmen in Singapore. Call for greater Asean cooperation, Back page IKMDS SHARE INFORMATION340 words
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Advertisement123 1985-08-22 1 <-.:$><^<_:(%+[\;_%{}@*`!)&`)>( in the Business like achiewing a hote-in-oi It doesn't happen very often. W But then you don't happen IA upon a sports shop like Winston's jKjyBSgS We've been selling the very best names in sporting goods for over forty VV years, right in the heart of the Business District.123 words
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Advertisement0 1985-08-22 1 '\"=%}:([=-\`;!>[&)>@.(\>\%}{.}0 words
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HOME NEWS
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408 1985-08-22 2 JEFFREY TSANG - Legislation as well as effort by owners needed By JEFFREY TSANG THE PROPERTY management profession needs legislation to sift out the "not-so-profession-al" among its ranks. But government legislation is only one of a two-pronged approach to raise the professional level of property management in408 words
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Article282 1985-08-22 2 TEAMWORK between the police and the public is paying off. With the help of members of the public, the number of arrests of serious law-breakers has risen, noted Professor S Jayakumar, the Minister for Home Affairs. More people are giving useful information to the282 words
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Article, Illustration266 1985-08-22 2 MONICA GWEE - By MONICA GWEE SMALL IS BETTER when changes in the marketplace and in technology occur. A -small country like Singapore can respond more quickly to such changes and young workers can speed this by being agile and flexible. Graduating diploma holders of266 words
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406 1985-08-22 2 GROW WITH THE COMPANY, not at the expense of the company that was how Mr Chen Hung, the principal of Ngee Ann Polytechnic, defined career development. "Paper qualifications mean very little if you cannot demonstrate your worth on406 words
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Article199 1985-08-22 2 A NEW DATA BASE system marketed by the Singapore International Software Services (SISS) and unveiled yesterday will enable local traders to ask for trade analysis and make enquiries in other parts of the world. SISS said: "The system provides analysis and enquiry capabilities on199 words
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Article228 1985-08-22 2 Seminars and courses DURATION Aug 27 Aug 27-28 Aug 27-30 Aug 27Sep 5 Aug 28 Aug 28-29 TITLE Information Resource Management-T rends, Opportunities and their Impact on Business Purchasing Skills for the Newly Appointed Buyer Hydrogen Cracking, StresS Corrosion and Corrosion Fatigue Skills With People A Supervisory Development228 words
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300 1985-08-22 3 ANNA TEO - By ANNA TEO LEROY (S) PTE LTD, the garment factory that churned out ladies' fashionwear for export before it stopped production last month, is up for sale. An advertisement in The Straits Times yesterday invited offers for a complete takeover of the 1,400-square-metre300 words
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162 1985-08-22 3 STOCKS OF Bellino Soave 1984 wines have passed the Ministry of Environment's contamination test. Jardine Wines and Spirits said yesterday that the seals on the Italian wine had been removed. Jardine withdrew its imports of Bellino Soave 1983 and 1984 after reading about contamination test162 words
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Article120 1985-08-22 3 WAGE COSTS in a company are high when a business enterprise is badly managed. If Singapore companies con- tinue to depend too much on la-bour-intensive industries and fail to go for value-added products, wage costs will remain high and uneconomical. Dr Wan Soon Bee, Minister of120 words
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Article312 1985-08-22 3 THREE IMPORTANT aspects of American franchises need to 1 be considered if prospective franchisees want to avoid fail- s ure. 1 They must ask for the com- < pany's uniform franchise offer 1 (UFO) which stipulates the i franchise arrangement, its statement of franchise which shows312 words
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Article, Illustration236 1985-08-22 3 THE PHOTOGRAPHY trade was yesterday urged by Mr S Rajaratnam, Senior Minister in the Prime Minister's Office, to find new promotion angles to help them ride out the decline in the economy. Speaking at the opening of Photo Fair '85 at the World236 words
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189 1985-08-22 3 YOUNG PROFESSIONALS, businessmen and workers were yesterday asked to rally behind the government and practise wage restraint and to be more productive. Dr Wong Kwei Cheong, Minister of State (Trade and Industry), said that Singapore workers must be prepared to forgo wage increases. "Employers189 words
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146 1985-08-22 3 NTUC CHAIRMAN Mah Bow Tan said it was clear that NTUC members would not be able to pay the proposed $6,600 increase in diesel tax, especially in the current economic conditions. So far, data on taxi fare collection over the last few months146 words
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144 1985-08-22 3 VEHICLE SALES by members of the Motor Traders' Association (MTA) in the second quarter plunged by 45 per cent compared with the same period last year. According to the latest MTA statistics, 4,609 vehicles were sold in the second quarter this144 words
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Article78 1985-08-22 3 SHELL'S Pulau Bukom refinery started full-scale operations yesterday after the precautionary closure of all units in the wake of last Friday's fire. A Shell spokesman said damage to the naphtha hydrotreater was estimated to be less than $1 million, most of which is covered by insurance. Another78 words
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Article, Illustration132 1985-08-22 3 A NEW FOUR-INCH AC/DC portable colour television set has been introduced by Sharp Corporation. The 4C-P1 comes in five colours. An AC adaptor and an arm angle is provided for indoor use and a hand DATAPRO has released a loose leaf manual on Information Security. Contents of the132 words
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531 1985-08-22 3 LEE HAN SHIH - By LEE HAN SHIH BACKED BY A new software centre, a new headquarters and a new man at its helm, NEC Computers Singapore (Necos) is gearing up to sell some $38 million worth of computers this financial year. This represents a rise531 words
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168 1985-08-22 3 THE DELICATE ART of timing investments has been put on the curriculum at the National University of Singapore. Robert CS Tay, an investment analyst, will conduct a course on Strategies of Investing in the Stockmarket starting next month. Organised by the National University of168 words
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Article146 1985-08-22 3 THE MERLION and Raffles Chapters of the Singapore Jaycees will conduct a four-ses-sion management course beginning later this month. The first course on Power and Conflicts in Management will be conducted by Adrian Teo, a consulting principal of Adrian Teo Human Resources Consultants. The course will start146 words
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122 1985-08-22 3 AT A TIME when companies are thinking of freezing wages and cutting expenses, Banque Indosuez has decided to give its staff a treat. The French bank is sponsoring 50 of its staff from office boys to senior management personnel for a four-day trip to122 words
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Page 2 Advertisements
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Advertisement163 1985-08-22 2 The Polo by Piaget. An inimitable sports watch carved link by link from a solid block of 18Kgold Racy elegance and purity of lines make it an acclaimed classic. A tribute well-deserved because Piaget is one of Switzerland's most celebrated names in handcrafted timepieces since 1874. The Piaget Polo is163 words
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Advertisement64 1985-08-22 2 The Noodle Shop A prominent food critic gave The Noodle Shop top rating for quality and value for money. FAR EAST PLAZA GOLDHILL SQUARE FOOD ALLEY 14. Scotts Rd.. #02-43 101. Thomson Rd #81-09 16. Murray Street Tel: 732-4666 Tel: 250-7991 Tel: 222-6385 SINGAPORE CHANGI AIRPORT #011-77 West Wing Arrival64 words
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Page 3 Advertisements
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Advertisement26 1985-08-22 3 Cremaris Computerised Credit Report fast, factual, facilitating. K» Cremaris Research Ltd 315 Out ram Road #06-08 Tan Boon Liat Building, Singapore 0316. Tel: *****22 (7 lines)26 words
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Advertisement88 1985-08-22 3 The Chef carves at 8.15pm every TUesday Thursday at f- I /VRO In the best European tradition of old, our Chef will ceremoniously carve a succulent roast, done to a turn, on the one and only roast spit in townTreat yourself to a hearty slice of this roast, accompanied with88 words
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OVERSEAS
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626 1985-08-22 4 Doubt cast on his political sagacity AP PEACE IN INDIA'S troubled Punjab state and Prime Minister Rajiv Gandhi's reputation as a peacemaker are at stake following the assassination of a top Sikh leader and a new wave of terrorist attacks. The slaying of Harchand SinghAP - 626 words
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Article, Illustration224 1985-08-22 4 AP INDIAN PRIME MINISTER Rajiv Gandhi turned 41 on Tuesday but there were no birthday parties, festivities, flowers or the fanfare his late mother Indira enjoyed. For his first birthday in office, Mr Gandhi ordered workers ofAP - 224 words
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495 1985-08-22 4 Reuter SOPHISTICATED corporate legislation and time zone advantages over the rest of the Pacific are being used to promote the Cook Islands as an international tax haven of growing importance. Lying east of the International Dateline, 10 hours behind GMT, Rarotonga, CookReuter - 495 words
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Article222 1985-08-22 4 AP THE JAPANESE Defence Agency's Technical Research and Development Institute has concluded that domestic production of the next support fighter of the Air Self-Defence Forces is possible at a total development cost of 200 billion yen (US$B33 million). The Japan Broadcasting Corp (NHK) reportedAP - 222 words
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241 1985-08-22 4 Reuter TAIWAN'S ruling Nationalist Party yesterday named a new Finance Minister after a bank forced the resignations of two Cabinet ministers. A party spokesman said deputy central bank governor Robert Chien, 57, had been nominated to the post and was expectedReuter - 241 words
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289 1985-08-22 4 UPI TENS OF THOUSANDS of Filipinos, many carrying "Impeach Marcos" signs, yesterday marched across the capital of Manila to mark the second anniversary of opposition leader Benigno Aquino's assassination. Military and police forces went on "red alert" for possible disturbances and soldiers were deployed around theUPI - 289 words
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Article218 1985-08-22 4 AP A FEDERAL JUDGE in America on Tuesday ordered Coca-Cola Co to reveal its secret formula for Coke, but the company vowed it would not divulge the 99-year-old recipe for the world's No 1 soft-drink. The order came in a suit filed in 1983 by a groupAP - 218 words
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186 1985-08-22 4 Reuter TAIWAN, under growing US pressure, agreed yesterday to lower tariffs and import more American products to reduce its hefty trade surplus, its foreign trade chief said. Vincent Siew, the director of the Board of Foreign Trade, told a news conference thatReuter - 186 words
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Article760 1985-08-22 4 ARRIVALS Operator Service Local From number time PAA PA2I 0020 LAX/TYO/ HKG RBA BUM 3 0100 BWN LUFT LH688 0105 FRA/DXB MAS MH681 0820 KUL MAS MH603 0905 KUL MAS MH605 0930 KUL MAS MH811 0940 PEN AC AC858 0940 YYZ/LHR/ BOM RBA B442I 1030 BWN SIA760 words
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250 1985-08-22 4 AFP FIVE CANDIDATES are running unopposed in Hongkong's first-ever elections into the legislative council (Legco) to be held on Sep 26, the Hongkong government announced. A total of 64 candidates have signed up to contest the 24 Legco seats during a 18-dayAFP - 250 words
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Article, Illustration269 1985-08-22 5 UPI PRESIDENT REAGAN'S decision to test a new weapon that could knock satellites out of the skies is not only a military exercise but a bid to get the Soviets to negotiate seriously in arms talks, officials say. Mr Reagan said on TuesdayUPI - 269 words
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456 1985-08-22 5 NYT THE JAPAN AIR LINES airliner that crashed on Aug 12 was carrying 61 packages of radioactive materials manufactured in the US for medical research and diagnosis in Japan. According to New England Nuclear Corp, a subsidiary of Du Pont based inNYT - 456 words
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205 1985-08-22 5 AP ALISTAIR MILNE, the di-rector-general of the British Broadcasting Corp, defended the corporation's policy of subjecting some staff members to security screening, saying he himself had been checked thoroughly. In a BBC Radio interview, Mr Milne insisted the final decision on hiring and firingAP - 205 words
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169 1985-08-22 5 AFP BRITAIN sends more people to prison in proportion to its population than any other West European nation, according to 1962 figures reported by the National Association for the Care and Resettlement of Offenders (Nacro). Of those released from prison, 60 per cent of theAFP - 169 words
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268 1985-08-22 5 UPI NORWAY'S offshore oil production reached a new record last month, creating a possible strain in the country's relations with the Organisation of Petroleum Exporting Countries. Oil industry officials said the average daily production in July reached some 840,000 barrels of crude oilUPI - 268 words
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143 1985-08-22 5 AP A TEXAS COMPANY will soon be operating the first commercial factory in space. The company won approval from the US Space Agency on Tuesday to build the multi-mil-lion-dollar facility which would operate automatically, with only periodic maintenance visits by astronauts. "This agreement initiatesAP - 143 words
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530 1985-08-22 5 Reuter, UPI THE RECENT SLOWING of the US economy reflects an "industrial import shock" in which foreign goods have crowded American manufacturers out of their own markets, says a Congressional report. The report, Industrial Import Shock: Policy Challenge of The 1980s, was compiled byReuter,; UPI - 530 words
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Page 4 Advertisements
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Advertisement80 1985-08-22 4 Jjokfor the extra touch® at the heart of the city at KAMPACfff 6th Floor, UIC Building, Shenton Way. x I VI W -■4 s* S 4 private tatami rooms, each cheerily cosy tastefully furnished, •4 Kampachi's very own 'Happy Hours' from 6pm to 8 pm daily. So juice up the80 words
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Advertisement8 1985-08-22 4 kPanAm's747SP *3 f > Easiest Daily to film New\brk.8 words
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Page 4 Miscellaneous
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Miscellaneous37 1985-08-22 4 Doonesbury t VI m m mm. m, x u m m a a in m BY GARRY TRUDEAU ft H m m m ih x -v e <% w SK.FXXJ "WW" HR£ TUB 5!Ve ema.vn QUITTIN6. UPIHtACT. m <....'37 words
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Page 5 Advertisements
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Advertisement219 1985-08-22 5 It pays to look fbraDetter Corporate Card System. The United Sta Government c 1 < The United States Federal Government tried for three decades to install a Government-wide charge card system for its 350,000 employees. None worked until they looked at the Diners Club Corporate Card System. Flexibility is what219 words
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RAW MATERIALS
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454 1985-08-22 6 AFP, Reuter COTTON PRODUCTION is down sharply in the central Asian Republic of Turkmenistan because of the "unintelligent and irresponsible" use of irrigated land, the Soviet Communist Party newspaper Pravda has charged. Cotton is one of the Soviet Union's principal sources of hard currency.AFP,; Reuter - 454 words
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228 1985-08-22 6 AFP, Reuter UGANDAN COFFEE exports through Kenya have resumed after being interrupted for three weeks following the overthrow of President Milton Obote's regime by the army on July 27. The Ugandan Coffee Marketing Board said a convoy of 50 trucks loaded with coffeeAFP,; Reuter - 228 words
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Article253 1985-08-22 6 WHEAT FUTURES on Tuesday eased steadily, setting a contract low in September before closing 8 V* to 4 V* cents per bushel lower in moderate trade. September settled at USs2.Bo'/« after posting a 6 V 2 cent range. A much smaller than expected weekly US wheat weekly export figure253 words
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86 1985-08-22 6 Reuter EXPORTS of all types of rubber from Singapore fell in June to 63,142 tonnes from 67,579 tonnes in May and 78,791 tonnes in June last year. According to the Department of Statistics, imports of rubber into Singapore rose to 41,370 tonnes in JuneReuter - 86 words
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Article233 1985-08-22 6 SOYBEAN FUTURES on Tuesday rallied to close mixed after setting contract lows in all months except distant November, ranging from down 7'/» US cents per bushel in spot to up one cent in distant November. Nearby November settled at US$5.O6 after posting a s'/< cent range on the day.233 words
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Article288 1985-08-22 6 Singapore (SS/Vilo, cx-godown) Frogront new crop 1st 080 2nd 058 3rd 056 New Crop 25% no stock 10% no stock Thai Broken A-super 054 Special 0.52 Thai Rice 55% no stock China Rice 10% no stock 15% 075 25% no stock 35% no stock Thoi Boiled Rice 5% 060288 words
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Article860 1985-08-22 6 COFFEE ROBUSTA COFFEE futures yesterday continued mainly slightly easier to midday, unchanged to down £7 a tonne from Tuesday night's close in very thin business. Slightly steadier sterling against the US dollar exerted minor downward pressure on values in early trading but initial losses were pared slightly in860 words
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Article114 1985-08-22 6 THE Kn»lt Lumpur tin price yesterday closed 12 cents lower at M 539.78 a Idle, still within the ITA lower range of 21.15 to 32.M. The fall was attributed to sterling's fall against the rlnggit which narrowed the local market's discount against London spot tin to £1M per114 words
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Article176 1985-08-22 6 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,500 Blue Phoenix 20's 2,550 Blue Phoenix 32'» 3,000 Blue Phoenix 40's 3,350 Carded yarn, hank Blue Phoenix 2l's 2,800 Combed yarn, cones Bfcje Phoenix 32's 4,200 Blue Phoenix 40's 4.400 Open-end yarn 2,350176 words
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Article247 1985-08-22 6 SINGAPORE THE MARKET yesterday closed slightly higher with September One RSS buyers quoted at 166.75 cents per kilo, up 0.25 cent from Tuesday. MALAYSIA Inro's buffer stock manager (BSM) again failed to intervene as a reserve of sellers saw the market close off its highest at 185.25 cents per247 words
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Article352 1985-08-22 6 RAS prices in M cents/kg, FOB in 1 totes NOON CLOSE Buyers Sellers Buyers e -M- Int 1 RSS Prompt 167 00 168 00N 167 00 168 OON Int 1 RSS Sept 85 167 00 167.50 ***** 167 25 Int 1 RSS Oct 85 164 50 165352 words
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Article105 1985-08-22 6 (cwiti/kg, 1-ton poUeti) jgpj 35 OCT 85 (current month) (forword month) NOON NOON RAS foyers Stilt n tor*" Setters SSR 20 137.50 139 50N 138 50 140 50N SSR 50 135 50 137 50N 136 50 138 50N MRELB Iwytn Stilt rx Scllcn SMR CV ***** 185105 words
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Article148 1985-08-22 6 MALAYSIAN crude palm oil prices yesterday closed slightly higher supported by the rebound in Chicago soyoil futures, but trading was thin and confined to short-covering activity after recent easiness, dealers said. Most operators stayed on the sidelines in the absence of foreign enquiries. August deliveries in south and148 words
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Page 6 Advertisements
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Advertisement131 1985-08-22 6 Negotiate a better P&I deal in 1986 Protection and indemnity insurance is now such a major cost concern for ship owners and charterers worldwide, that the best advice in the market is essential The P&l service delivered by the Manne Division of Citicorp Insurance Brokers is tailored precisely to meet131 words
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Advertisement74 1985-08-22 6 Now Zip gives every minute of Hfljy the day... just turn on the tap. zip OUT- DATES URNS, KETTLES, COFFEE BARS AMD JUGS. MODELS TO SUrT EVERY KITCHEN, OFFICE, FACTORY HOSPITAL AND SCHOOL ZIP IS FULLY AUTOMATIC AND STEAM- FREE. SAVE Fffl YOUR STAFF TIME NOW! Sole Agent: MULTICO BUILDING74 words
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BANKING AND FINANCE
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Article667 1985-08-22 7 SINGAPORE THE US dollar yesterday closed slightly higher against most major currencies after moving within a narrow range in thin trading. It closed marginally higher at 2.7770/858 marks compared with New York's 2.7765/80 close and at 2.2760/70 Swiss francs against 2.2740/60. The US dollar closed a shade higher667 words
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Article286 1985-08-22 7 Interbank rates at 3pm yesterday: Cm ftnciifl Nominal rates Smithsonian Bid Otter cr< ms parity change Local dollars to on« unit of foreign currency: US dollor ***** ***** 2.8196 -20 88 Sterling pound 3.1010 3.1061 7 3469 -57 79 Australian dollar 1 5740 1.5776 3 4286 NZ doMor286 words
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Article, Illustration314 1985-08-22 7 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at the opening levels in quiet afternoon trading. Short-dates weakened between 3/16 and 5/16 point at the outset due to a lower US Federal funds rate and remained unchanged in subsequent trading. Overnight closed at 7-13/16 711/16 and week fixed at314 words
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Article371 1985-08-22 7 BA Futures Inc EURODOLLAR futures yesterday opened firmer despite the higher than expected second quarter US GNP figure released on Tuesday night. Market sentiment was bullish in view of the low Federal Reserve funds rate and strong technical outlook. December Eurodollar, the more actively traded contract, opened at theBA Futures Inc - 371 words
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Article239 1985-08-22 7 HONGKONG: GOLD yesterday closed higher on sporadic small investor buying but trading was fairly quiet due to a lack of fresh factors, dealers said. Bullion finished at U*****.10/50 an ounce against an initial $334.90/335.40 compared with New York's 335.20/70. On the local market, gold ended HK$3 above Tuesday's close239 words
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Article72 1985-08-22 7 THE OVERNIGHT rate on the Singapore interbank money market fell by point from Tuesday to close at 4 s per cent yesterday. The one- and threemonth term rates rose point while the two-month rate rose by 1/16 point. S$ Interbank rates at 3pm yesterday: Offer Bid Over n.ght72 words
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Article473 1985-08-22 7 AFP DEBTS of US$2l3 billion accumulated by US farmers have brought the financing of agriculture in the United States to the brink of crisis. As a sign of the scale of the problem, US farmers owe twothirds of the amount owed by Latin AmericanAFP - 473 words
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111 1985-08-22 7 COMMONWEALTH BANK of Australia has opened a combined foreign exchange/Australian money market trading room that is reportedly "the largest and most modern in the southern hemisphere". The chief manager of the bank's Singapore operations, Mr William Foxlee, said the trading room would also deal with111 words
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135 1985-08-22 7 AFP CHINA HAS BEEN getting cutthroat cheap loans from foreign banks that were newcomers to the China market and anxious to establish a Chinese connection. A banker said in Hongkong on Tuesday that the foreign banks, most of them mediumsized, would suffer in theAFP - 135 words
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Article, Illustration364 1985-08-22 7 Reuter FEDERAL RESERVE Chairman Paul Volcker has said the board would restrain money growth if the US economy grew faster than expected during the second half of the year. In written comments to the Senate banking committee, Mr Volcker on Tuesday said: "Should the economyReuter - 364 words
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Article, Illustration245 1985-08-22 7 Reuter PERUVIAN President Alan Garcia has said that his country's ceiling on debt repayments means it would probably pay no more than US$35O million of the US$5.l billion due to foreign creditors next year. He told a mayors' convention in Lima thatReuter - 245 words
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Article110 1985-08-22 7 Reuter FIVE SAMURAI BOND issues are due out in October following two issues planned for September. They are a European Investment Bank (EIB) 30billion yen issue lead managed by Nikko Securities, a Council of Europe 20-billion issue lead managed by Daiwa Securities, an Interamerican DevelopmentReuter - 110 words
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419 1985-08-22 7 AFP WESTERN UNEASE over continued unrest in South Africa has led to falls in the sales of its Krugerrand which has benefited Canada's rival one-ounce gold coin, the Maple Leaf. The Maple Leaf, launched on the gold market in 1979, isAFP - 419 words
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Page 7 Advertisements
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Advertisement58 1985-08-22 7 COMPUTER PROCESSING WE cp THE SERVICE COMPUTER PROCESSING FACILITIES ON-LINE DATABASE DISTRIBUTION AND ACCOUNTING SYSTEM PAYROLL AND PERSONNEL SYSTEMS SHAREBROKER AND SHARE REGISTRATION SYSTEMS COMPUTER SOFTWARE TO YOUR SPECIFICATION SMALL BUSINESS COMPUTERS TURNKEY PROJECTS VIDEOTEX SERVICES INFORMATION RETRIEVAL DATA SERVICES The Service Bureau Division of ICL CALL SINGAPORE KUALA LUMPUR58 words
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Advertisement65 1985-08-22 7 Central Bank of India London Branch U5525,000,000 Negotiable Floating Rate Certificates of Deposit Due August 1987/88 In accordance with tlie provisions of the Certificates of Deposit, notice is hereby given that for the six-month interest period from 22nd August 1985 to 21st February 1986 the Certificates will carry an Interest65 words
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FEATURES
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Article553 1985-08-22 8 PRIME MINISTER Lee Kuan Yew has pinpointed high wages without matching increases in productivity as a key factor behind the plunge in investment commitments, loss of competitiveness and the economy's slide into negative growth. Nevertheless, further qualitative analysis of the relevance of wage costs to the553 words
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Article, Illustration1040 1985-08-22 8 FLORENCE CHONG - In spite of inflationary pressures and the widening balance of payments deficit undermining Australia's economic recovery, there remain bullish sentiments about the immediate future. FLORENCE CHONG reports from Sydney. FLORENCE CHONG INFLATION IS THREATENING to undermine Australia's strong economic recovery, which has started to slow down. Inflation1,040 words
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Article, Illustration681 1985-08-22 8 BRIAN GOMEZ - By BRIAN GOMEZ, Industrial Correspondent THE IMPLICATIONS of the Australian budget were relayed to businessmen based in Singapore at a breakfast meeting yesterday morning, but interest was muted by the Hawke Government's decision to delay tax reform measures until next month. The681 words
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Page 8 Advertisements
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Advertisement276 1985-08-22 8 "1 5i i Improve your business in the next 3 months! Trial Subscription Offer: 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 can276 words
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Advertisement108 1985-08-22 8 w ■t Keep a dale with Sevvy Ballesteros in "Play Golf the Sevvy Way" every Tuesday in BT BT is not all hard core business and financial news. We take "Time-Off and "Sports" rather seriously too. Our writers comb the sporting arena to furnish two lively pages with the latest108 words
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Page 8 Miscellaneous
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Miscellaneous613 1985-08-22 8 CRYPTIC PUZZLE ACROSS 1 Slips into the pictures? (6) 7 The fellow hod been lying, padre (8) 8 Mother of two masters (4) 10 Weather demonstrator (6) 11 Trouble at large on the Street (6) 14 The one across the court? (3) 16Teacher of Trade Union prominence? (5) 17 Something613 words
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Miscellaneous59 1985-08-22 8 BliStdWl UJ€j£X JOht&S IS e*KX cweeßs FORTMe TO nortec "TfefK U 3 I for Trte FIRST T»meTHIS Hts »M PI FIITM* thcj?£JS u<t UfcEK JOfJGJS IS BPOC rryx>D P*u_ utfcjc. ear LP»PFou_ OF MOT COFF€£ TO T o NORrr*N_ S.NC£ H,SSH6MT V XjftP OUT WITH TT** l R FfeLUXJ >l"r59 words
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SPORTS
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Article641 1985-08-22 9 DAVID GABRIEL - By DAVID GABRIEL ENGLAND has only one more hurdle to clear before it can lay claim to the Ashes the sixth Test at the Oval in south London. England's spectacular defeat of Australia the current holder of the Ashes in the fifth Test, by an innings and641 words
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Article, Illustration526 1985-08-22 9 JEFFREY TSANG - m IieCHAMPIONSHIPS By JEFFREY TSANG SATURDAY marks the last chance Singapore's water skiers have to reach the qualifying mark for the World Water Ski Championships in France next month. Forty water skiers from four teams will compete in the fourth and final526 words
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310 1985-08-22 9 UPI THE OPPORTUNITY is at hand for the US to regain some of its lost prestige in golf. Led by Scott Verplank, a young man with an immense game, the Americans are big favourites to defeat a team from Britain and Ireland inUPI - 310 words
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191 1985-08-22 9 VETERAN ATHLETE Hari Chandra did Singapore proud when he swept the gold medals in all his three events at the ongoing World Masters athletic competition in Toronto, Canada. Competing in the 55-60 age group, the 55-year-old athlete took the 800-metre gold in191 words
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428 1985-08-22 9 AP OLYMPIC HERO Carl Lewis, who says he wants two races under his belt right away, was scheduled to make a longawaited Grand Prix debut yesterday in the star-studded Weltklasse track and field competition. Lewis, who injured his right hamstring muscleAP - 428 words
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Article, Illustration320 1985-08-22 9 AP BORIS BECKER has whipped the world's best tennis players at a tender age. Now, his opponent is unseeded and particularly tough on youth the fame that follows sudden success. Everywhere he goes, the 17-year-old West German is recognised by fans who chant his nameAP - 320 words
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226 1985-08-22 9 AP THE YOMIURI GIANTS edged the Chunichi Dragons 3-2 on Tuesday, extending their winning streak to six and moving to within one game of the Japanese Central League's front-running Hiroshima Toyo Carp, who lost 3-2 to the Yakult Swallows. At Tokyo's Korakuen Stadium,AP - 226 words
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Article, Illustration276 1985-08-22 9 WORLD CUP ATHLETICS Canberra October 1985 AFP PORTUGAL'S Fernando Mamede, who holds the 10,000-me-tre world record but who has never won a major race, has condemned his exclusion from the European team for the World Athletics Cup in Canberra in October.AFP - 276 words
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133 1985-08-22 9 UPI BLOODSTOCK RESEARCH Inc and the Kentucky Horse Centre have joined to offer US$27 million to purchase a controlling interest in Spendthrift Farm Inc. Bloodstock president Richard Broadbent HI and Robert Hagopian, the president of the Kentucky Horse Centre, announced the bid at aUPI - 133 words
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Page 9 Miscellaneous
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Miscellaneous1150 1985-08-22 9 Action-adventure drama in wild and dangerous Africa THURSDAY FEATURE SPECIAL Nairobi Affair 9.50 pm, Channel 5 This is a drama set in Nairobi, Africa, about a man running a small tourist business apd his estranged son who is hired by the African government to catch poachers in Africa. ■a] 121,150 words
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INTERNATIONAL STOCKS
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213 1985-08-22 10 Reuter STANDARD CHARTERED PLC's improved first half results came from three main regions, Britain, North America and tropical Africa, the bank said in its interim statement. Performance in Britain was outstanding, with profit before tax and interest rising to £78.6 million from £27.2 million. ButReuter - 213 words
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Article154 1985-08-22 10 Reuter CARL ICAHN, responding to actions taken by the Trans World Airlines board, has said that he is hopeful his merger of TWA will be completed by Nov 30. Earlier, TWA's board defeated proposals by Texas Air Corp that would have locked in TexasReuter - 154 words
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Article68 1985-08-22 10 Reuter GUINNESS PLC says its merchant banker, Morgan Grenfell and Co, has bought a further 500,000 ordinary shares in Arthur Bell and Sons PLC, raising its stake in the company to 17.65 million shares or 13.35 per cent. Guinness paid 255p and 256p for the latest shares.Reuter - 68 words
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327 1985-08-22 10 Reuter SHARE PRICES rose strongly on Wall Street on Tuesday for the first time in weeks, but analysts cautioned it could not be taken as a sign that the late summer slump has been arrested. The Dow Jones Industrial Average gained 11.20 to 1323.70Reuter - 327 words
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Article105 1985-08-22 10 AUG 20 Abrito c$ 20* 50* unch Inco 19* Afcon 36* 21* lot Ptov Pipe Int IM 15* Argoen rtdgi Bonk Moot Bank Nova Scotta Bei Canada 73 29* 13* 42* unch unch Lobtow B Moucy Ferg Mc Bkxte) 20* 3* 20* 16* unch BP Can Ltd Brascan so105 words
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Article190 1985-08-22 10 AUG 20 I«d UnsK 500 ***** -5 25 INDUSTRIALS MININGS 830 2925 45 170 -5 AE And O 820 35 1340 unch 435 5 Butt eh 7300 25 2730 20 580 20 1060 15 Con* Gold 1400 70 2275 50 1125 100 220 1165 -30 385 4725 25 *****190 words
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Article627 1985-08-22 10 AUG 20 us$ Alcon Alumn 27* 35* Alegheny Lud 20* unch Alted Own Cp 41* unch Afced Store* 56* Afa-Chalmers 4* Am Broods Inc 60 Am Broodcost 114* unch Am Can Co 58* unch Am Cyanamid 57 1* Am Ele< Pwr 21* Am Express 42* Am Home Prod627 words
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Article903 1985-08-22 10 Amsterdam AUG 20 Fk AfiN 508 50x45 101 20 3.8 Ahold 241 50 25 ***** +2 amev 276 00 1 8 88 30 +18 BcrVd 4500 -03 Bolt 99 20 +08 Boreumq 410 00 -3 Bo»kal» Bit T«t 106 50 05 Cotand 37 50 -0 4 446 00903 words
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Page 10 Advertisements
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Advertisement509 1985-08-22 10 N N m a They are the Baybelles from the heart of Manila. They'll take you through a lively trip of hot disco music and popular favourites. They'll keep you in tune with the times and give you an evening you won't forget. Watch them in action! Monday to Saturday.509 words
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Advertisement133 1985-08-22 10 London stocks on psgo 13 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 M Soul from the Philippines. They'll captivate you! Happy Hours: spm 7pm, SO% off all drinks (pouring brands). CROVVTI #PRftfZE HOTEL133 words
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ASIAN STOCKS
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Article327 1985-08-22 11 HONGKONG: Share prices closed sharply lower yesterday in fairly heavy and nervous trading amid speculation that local interest rates are set to rise in view of the weakening Hongkong dollar, brokers said. The Hang Seng index finished the half-day session 41.96 points lower at 1,650.78, its biggest fall since327 words
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Article216 1985-08-22 11 AUG 21 MT 326 0 15 Lion Hwa Indus Nan Ya Plos Paohc Cons Poahc Elect Wire 9 55 21 50 14.00 12.25 025 unch 0.1 19 90 -0.1 0 93 0 04 Cattxjy Com 22 50N 45 00 0.6 Sharp ShMn Paper 1160 0 05 Chan Loong Quo216 words
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Article356 1985-08-22 11 TOKYO: Share prices closed sharply higher as revived buying interest spread over a wide front after a setback on Tuesday. The market average rose 70.76 to *****.81 following the previous day's 6.00 fall. The turnover was a large 550 million shares against 470 million on Tuesday as public spending-re-lated356 words
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Article95 1985-08-22 11 MANILA: Share prices closed generally lower in dull trading. The mining marker firmed 0.58 to 639.89 and the Commercial and Industrial Index fell 4.18 to 132.94, while oils eased 0.018 to 0.722. AUG 21 tan Mor»»««( Oriental B PWtex B z; 0.013 0.12 unch -0.005 PM 0.001 0 03295 words
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Article378 1985-08-22 11 SYDNEY: Australian share markets closed slightly firmer in lacklustre trading with little impact from the federal budget. At the close of trading, the All Ordinaries Index had added 0.4 point to 956.4 and the All Industrials marker 3.8 to 1392. The All Resources Index eased 2.1 points to 619,378 words
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Article65 1985-08-22 11 AUG 21 Won 675 Hyundai Corot in |4|-, H.i rryvjoooi nnOJOf KAL 897 865 432 -1 -15 655 4 710 -5 730 1400 5 Doetm Ind 476 +23 385 +6 490 30 Lucky Ltd 619 1 648 -5 710 10 SOI +21 820 8 Gold Star 592 1210 HarWBk65 words
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Article161 1985-08-22 11 BANGKOK: Share prices closed lower in quiet trading, the Securities Exchange of Thailand said yesterday. The Book Club index dipped by 0.89 to 136.04 and losers led gainers by a margin of nearly six-to-one. Turnover was 377,991 shares worth 57.7 million baht compared with 249,794 shares worth 90.1 million161 words
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Article61 1985-08-22 11 Reuter THE OUTSTANDING balance of margin buying positions on the Tokyo, Osaka and Nagoya stock exchanges fell by 29.6 billion yen last week to 2,633.7 billion yen at the end of the week, the sixth successive week-on-week fall. The outstanding balance of selling positions shed 300 millionReuter - 61 words
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418 1985-08-22 11 Bernama WITH THE NATIONAL car project already a reality, Malaysia next intends to start a venture manufacturing tractor parts. Talks are underway between Heavy Industries Corporation of Malaysia (Hicom), which also owns the national car project, and a group of undisclosed Malaysian partners. TheBernama - 418 words
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Article97 1985-08-22 11 Reuter TAIWAN WILL HAVE to spend about US$lOO million next year to close down the state-owned Taiwan Metal Mining Corp and Taiwan Aluminum Corp. Wang Yu-Yun, the vice-chairman of the Economics Ministry's Commission of National Corporations, on Tuesday said the money would be used toReuter - 97 words
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Article88 1985-08-22 11 AFP THE HONGKONG BANK group has joined hands with Chinese interests to build an international hotel in the colony's tourist hub of Tsimshatsui. An announcement on Tuesday said the Hongkong Bank group's partner, the China-backed Sino Master International group, is a joint venture betweenAFP - 88 words
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195 1985-08-22 11 Reuter NATIONAL AUSTRALIA BANK Ltd will be listed on the foreign section of the Tokyo Stock Exchange after it issues 10 million ordinary shares to Japanese investors at a price in yen equivalent to As 4-61 each. The public offering opens today andReuter - 195 words
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Page 11 Advertisements
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Advertisement547 1985-08-22 11 fowlm 9 diita mA entertain jg For ddighlfuldinners with popular local flavours. Enjoy dinner with popular local flavours. Our "Singapore Delights" Buffet is packed with mouthwatering favourites that will definitely get your appetite going. Buffet Dinner is at S$ 14.00+ per person. The Luna Coffee House. We've got a variety547 words
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Advertisement100 1985-08-22 11 Savoury Delights Await You At available daring loach! For reservations call. 235 2698 or 734 6622 ext 141/144 Luch: 11am—3pm Dinner 6pm- 11pm M k'i 19 Cairnhil Circle Singapore 0922 W 734 6622 X CMMMLL mm. v^\ II; ORCHARD ROAD 1 Ample Free Parking and Valet Service OatsMe CBD Ggflgf100 words
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SHARE INFORMATION
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Article, Illustration4147 1985-08-22 12 THE SINGAPORE stock market ended another session of lacklustre trading on low volume yesterday. At the final bell, the BT Composite Index tacked on 0.06 point to 648.92 while the Straits Times Industrial Index added 0.99 point to 755.87. The scoreboard showed 79 price4,147 words
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Article241 1985-08-22 12 SINGAPORE Rises M CaMac 460 Saa Via* 314 Baaaaa M S0« 142 CMf 6a» 565 Sigaa Matal 410 $> H 565 PaHa flaat 330 G 1 HMfi S0« 270 J C Cat 123 Haw Par 214 Carahat 50< 209 Falls Mm Aaca 50c 226 Kiaa Jaa 50c241 words
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Article3566 1985-08-22 12 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT"3,566 words
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Article55 1985-08-22 12 DEVELOPMENT COMMERCIAL BANK Beriuri: 20th AGM at the Ballroom, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur on Thursday, August 29, at 10.30 am. PAN MALAYSIA CEMENT WORKS Berkad: 22nd AGM at the MUI Plaza Conference Centre, 1st Floor, MUI Plaza, Jalan P. Ram lee, Kuala Lumpur on Friday,55 words
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Page 12 Advertisements
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Advertisement11 1985-08-22 12 KL market report, Business done on the KLSE See page 1311 words
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COMPANY NEWS
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495 1985-08-22 13 NAJEEB JARHOM - By NAJEEB JARHOM SIM LIM FINANCE Ltd has ended its second full year as a publicly-listed company with earnings on the downhill and the prospects for this year are not very encouraging. Significantly, the non-bank-affiliated finance arm of the Sim Lim group found it495 words
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Article111 1985-08-22 13 HAJI ABDUL HAKIM Khan has been appointed an additional director of Tongbah Harboor Tin Dredging Bhd on July 16. THE MALAYSIAN Foreign Investment Committee has approved the proposed purchase of the 14th and 15th floors of Menara Safuan by two of Kesang Holdings's subsidiaries for M|3.59 million. The111 words
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Article355 1985-08-22 13 ANTAH HOLDINGS, whose activities range from marketing toiletries to technical and financial services, is restructuring its lossmaking trading division. This major division used to contribute as much as a third of the group's pre-tax earnings but in the last financial year, it incurred a loss355 words
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Article96 1985-08-22 13 HONGKONG Tuesday 1388.2 Week ago 1391.3 Hong Seng Index Wednesday 1650.78 Tuesday 1692.74 NEW YORK Week ago 1691.73 Dow Jones T uesday 1323.70 TOKYO Monday 1312.50 Week ago 1315.30 Tokyo Dow Jones Wednesday *****.81 T uesday *****.05 Week ago *****.64 Standard Poors Tuesday 188.08 Monday 186.38 Week ago96 words
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Article252 1985-08-22 13 Managers' prices MARA-Bumiputra for Aug 22 First B'putro 5 05 5 10 Second B'putro 4 58 4 63 Singapore Unit Trust The Commerce 1.64 1.74 The Savings Fund 1.35 1.43 S'pore Prog Fund 0.73 0.77 S'pore Sec Fund 1.03 1.09 S'pore Invest Fund 0.78 0 83 S'pore Equity252 words
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210 1985-08-22 13 AFTER TWO YEARS of declining profits, Shell Refining Co (FOM) Bhd is back on the growth track. For the latest interim period, Shell's operating profits doubled, thanks mainly to the slower drop in petroleum product prices posted in Singapore compared with crude oil prices,210 words
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Article, Illustration410 1985-08-22 13 CHAN OI CHEE - By CHAN OI CHEE THE DOWNTURN in the property and hotel sectors has claimed another victim in United Overseas Land (UOL). For the six months ended June 30, 1985, the property-cum-hotel arm of the United Overseas Bank group plunged into the red with a410 words
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490 1985-08-22 13 SHARE PRICES again succumbed to profit-tak-ing on the Kuala Lumpur stock market yesterday. However, scattered buying interest was seen in a handful of special situation stocks. After a mixed opening, share prices slipped in slow trading although selected issues continued to attract light buying interest.490 words
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Article3195 1985-08-22 13 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS A Choc (2) 1 82 (2) 1 80 AISB3,195 words
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Article768 1985-08-22 13 SHARE PRICES closed firm in fairly active trading yesterday with sentiment helped by the higher Wall Street close. At 3.30pm, the FTSE 100 was up 6.6 points at 1,313.7. Fleet Holdings rose 4p on balance to 330 but United Newspapers lost 2p to 303 after news that the768 words
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Page 13 Advertisements
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Advertisement107 1985-08-22 13 EXECUTIVE STAFF REGISTER We have on file Accountants and Secretaries from various industries like Manufacturing, Trading, Banking, Finance and Business Services. We will put you in touch with the best staff available quickly and efficiently to meet your Company's long and short term requirements. Your requirements, however large or small107 words
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376 1985-08-22 14 THE NEED FOR teamwork and partnership, not competition, in Asean was emphasised by First Deputy Prime Minister Goh Chok Tong in Kuala Lumpur yesterday. Speaking at a Harvard Club dinner held at the Regent Hotel, he promised that Singapore would not be a gladiator376 words
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589 1985-08-22 14 SOH TIANG KENG - By SOH TIANG KENG, Financial Correspondent ANY HOPES THAT A sudden surge in the US economy will provide a quick fix for Singapore have been knocked down by the latest forecasts of Britain's National Westminster Bank. It estimates that the US will show589 words
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Article227 1985-08-22 14 AN ENCOURAGING turnaround in the local economy over the next two years has been forecast by the chief executive officer of the Singapore branch of the Hongkong Bank. Speaking at the bank's annual dinner and dance last Saturday, Mr John Hill also emphasised the need to be227 words
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522 1985-08-22 14 AMY CHEOK - Touche Ross breaks off ties with Medora Tong Chow By AMY CHEOK INTERNATIONAL accounting company Touche Ross Co has terminated its seven-year-old association with Medora Tong Chow. The tie-up, which dated back to 1978, had been weakened by the departure of two founding partners of MTC, Mr Jamshid Medora and522 words
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Article, Illustration177 1985-08-22 14 AFP, AP A HITHERTO-UNKNOWN Sikh group yesterday claimed responsibility for the murder of moderate Sikh leader Sant Harchand Singh Longowal as his state funeral took place in Punjab amid rigid security. An anonymous caller told the Press Trust of India bureau in Amritsar thatAFP,; AP - 177 words
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102 1985-08-22 14 UPI UNION CARBIDE has been sued for US$BB million (or an Aug 11 pesticide leak that former Environmental Protection Agency administrator William Ruckelshaus will investigate for the chemical company. Eight people filed a $64 million damage suit against Carbide in a US district courtUPI - 102 words
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206 1985-08-22 14 AFP THE GOVERNOR of the state of Maryland has ordered a 20-day suspension in withdrawals from Community Savings, one of the state's largest thrift institutions, after it had been shaken by a crisis of confidence and a wave of withdrawals. The decision by Governor HarryAFP - 206 words
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90 1985-08-22 14 AP THE SAUDI government has agreed to lend Indonesia US$2O million to buy equipment for a container ship terminal now under construction in the East Java port of Tanjung Perak. A Jakarta newspaper report said yesterday that the funds would be used toAP - 90 words
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212 1985-08-22 14 Bernama MALAYSIA and Thailand will sign an agreement in Kuala Lumpur next month to facilitate joint-venture deep-sea fishing in Malaysia's exclusive economic zone. Disclosing this yesterday, the Malaysian Agriculture Ministry secretary-general Datuk Alwi Jantan said it was also aimed at minimising the problemBernama - 212 words
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Article112 1985-08-22 14 Reuter MALAYSIA has agreed to employ Bangladeshi farm workers and increase Bangladeshi imports to cut a trade imbalance, Commerce Ministry officials said yesterday. They said the agreement was reached during a two-day meeting of a Ban-gladesh-Malaysia joint eco- nomic committee which ended on Tuesday. Malaysia, led byReuter - 112 words
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Article55 1985-08-22 14 COMEX GOLD FUTURES recovered yesterday from a lower opening in sympathy with a steadier bond market. Values mirrored platinum by opening lower and gradually improving on lack of selling. Comex silver futures reversed an initial weak trend to post small gains of 2.0 to 3.0 cents55 words
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Article64 1985-08-22 14 THE US STOCK MARKET turned mixed in early trading yesterday, with blue chip issues sagging but with the broader market showing some followthrough to the gains of the previous session. The Dow Jones Industrial Average was off one point to 1323. Advances led declines by a five-four64 words
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LATE FILE
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Article63 1985-08-22 14 AFP A WEST Jakarta district court yesterday jailed 34-year-old Amir Wijaya, a company director and former student at a Muslim university in Jakarta, for 14 years for subversion and involvement in bomb attacks last year on Chinese properties in Jakarta, which killed two people and woundedAFP - 63 words
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Article46 1985-08-22 14 Reuter AUSTRALIAN Prime Minister Bob Hawke has denied that Australia sees Indonesia as a military threat. He said Australia had provided exnavy attack class patrol boats to Jakarta and last year trained 80 Indonesian officers at Australian military academies. ReuterReuter - 46 words
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51 1985-08-22 14 AP TENS OF thousands of cheering and weeping people lined the streets yesterday as Pakistan's opposition leaders including Benazir Bhutto, the daughter of the late Prime Minister Zulfikar Ali Bhutto returned from self-imposed exile and vowed to revive the struggle against the country's military regime.AP - 51 words
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Article39 1985-08-22 14 Reuter AUSTRALIA will lend Indonesia about U5554.5 million in the current fiscal year ending next March. Australian ambassador Bill Morrison said Indonesia is the largest recipient in Southeast Asia of Australian bilateral aid this year. ReuterReuter - 39 words
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Article43 1985-08-22 14 Bernama THE MAS-SIA shuttle flights bonus draw will commence again from next month until Oct 31. A MAS statement said the bonus draw is open to all fare-paying passengers on selected flights between Kuala Lumpur and Singapore. Be mamaBernama - 43 words
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Page 14 Advertisements
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Advertisement134 1985-08-22 14 Peace accord in jeopardy, Page 4 ALABAMA, U.S.A. OPEN OPPORTUNITY FOR NEW INVESTORS FROM THIS REGION TO PARTICIPATE IN DEVELOPING AND DIRECT OWN UNIQUE PECAN PLANTATIONS Program 1985/86 provides: Land ownership to investor with U.S. farmland appreciation. Guaranteed income 7.5% 8.5% from Intercrops and U.S. Government Certificate of Deposit (during134 words
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Advertisement274 1985-08-22 14 ********** I I I I I I I I I I XEROX Read this only if you think customer service is just handling complaints. Please don't get us wrong. Dealing effectively with customer complaints is important. But there's a whole lot more to Customer Service than that. According to new274 words
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Page 14 Miscellaneous
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Miscellaneous54 1985-08-22 14 vmima Outlook for today: Showers m several areas in the afternoon. Report tor 24 hours prior to 7 30pm on Aug 21 at the orport: Maximum temperature 31.5 Associated humidity 74 Minimum temperature 24.0 Associated humidity 92 Hours of sunshine 4.20 Roinfoll in millimetres NIL Rainfall this month 54.8 Rainy54 words
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SHIPPING TIMES
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116 1985-08-22 15 VANCOUVER port exported a record 59.3 million tonnes of cargo last year and placed itself among the world's top 10 ports in terms of export tonnage. This is a big jump of 15 per cent over 1983, and is expected to improve further with moves116 words
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407 1985-08-22 15 YANG MING LINE IS gearing up for a new service dubbed the pendulum service which it plans to introduce in the second half of 1986. The pendulum service will essentially link its existing Europe and US services. The vessels will set sail407 words
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262 1985-08-22 15 Reuter CHINESE PORT congestion is not likely to end until the first half of next year, Nippon Steel Corp officials who visited Beijing last week quoted Chinese officials as saying. A Nippon Steel spokesman said Japanese steel mills with orders fromReuter - 262 words
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127 1985-08-22 15 AFP THE JAPANESE shipbuilding industry's export order backlog stood at 7,994,200 gross tons as of the end of July, falling below the eight million ton level for the first time in three years. The Japan Ship Exporters' Association said there was a global glutAFP - 127 words
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PORTSIDES
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Article57 1985-08-22 15 Reuter A SHIP OFFICER was killed and two were seriously injured when an explosion ripped through an Indian tanker in the Mexican Port of Minatitlan, a spokesman for the Mexican state oil company Pemex said. The gas blast occurred when the 6,644 dwt Scandic Essays tanks wereReuter - 57 words
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Article90 1985-08-22 15 Reuter NORWEGIAN SHIPPING company Saga Forest Carriers A/S has agreed with the US Wirehouser concern on a 1.5-billion-crown timber shipping contract that includes ordering five new ships, Saga said. The ships will be ordered from a Japanese yard at a total cost of 650 million crowns, andReuter - 90 words
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Article66 1985-08-22 15 WORLDWIDE maritime unemployment had worsened by Aug 1 when 1,273 vessels were out of commission, against 1,257 a month earlier, Lloyd's, the London shipping register, reported. Of the total number out of service last month, having a combined deadweight capacity of 64.72 million tonnes, 337 were66 words
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530 1985-08-22 16 Fairplay SHIPOWNERS should, where appropriate, issue disclaimers and endorse delivery notes so as to prevent charterers from creating maritime liens. So says the Newcastle P I Association in its latest annual report, which notes that shipowners' assets are constantly at riskFairplay - 530 words
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Article916 1985-08-22 16 The above information is compiled from data provided by the Singapore National Shipper's Council. ARGENTINA Aug 13 Buenos Aires 1-2 days. 36 vessels berthed. 2 waiting. Rosario 7-10 days. 9 ves- i sels berthed, 7 waiting. San Lorenzo 3-5 days. 3 vessels berthed, 4 vessel waiting. 1 SanThe above information is compiled from data provided by the Singapore National Shipper's Council. - 916 words
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Article693 1985-08-22 16 AB Shpg V 5 Afeo Line VI 3 APC Line V 4 APL III 2/3 Anro Service IV 3/4 ANL 1 1 ASCL III 1 Batt-Canada Line VII 4/5 Bolt-Orient Line VI 4/5 Bank Line V 5 BBS H 4/5 Ben Line Cont V 3 Ben Ocean693 words
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Article1536 1985-08-22 16 CHARTERING was scattered on the London freights market on Tuesday but rates remained fairly steady. In the grain sector, Toepfer arranged for 27,000 tons from the US Gulf to Hamburg at US$7.7O (fio). Also from the US Gulf Tradax booked 30,000 tons of grain products aboard the Astyanax1,536 words
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257 1985-08-22 17 Kingsley Wood - -By Kingsley Wood BRISBANE'S CAIRNCROSS Dock has had a sharp turnaround in the last three months with the yard working at pressure on an order book that is close to full. Cairncross, owned by the Queensland government and the largest dry dock in Australia,257 words
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394 1985-08-22 17 Lloyd's List BRITISH PETROLEUM has rejected an offer from its own shipping arm and placed a valuable supply boat contract wth an outside company. London-based OIL Ltd has won the estimated £20 million (U5527.2 million) contract against competition from a range of UKLloyd's List - 394 words
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141 1985-08-22 17 IRAQI AIR ATTACK on Iran's main Kharg Island oil terminal last week damaged a main jetty but failed to halt export operations, shipping sources in the region said. Iraq, at war with Iran since September 1960, said that Kharg, which handles most141 words
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241 1985-08-22 17 AP BANGLADESH authorities have arrested Chalong Cheisri, the Thai captain of a Liberian flag vessel from which Bangladesh Customs seized a large quantity of allegedly smuggled items, the English-Lan-guage newspaper New Nation said Monday. The paper said the ship Chinavee Enterprise's 54AP - 241 words
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Article202 1985-08-22 17 Sopt IS-19 74th annual convention of the American association of Port Authorities, Portland, Oregon. Sopt 16-19 Cadmo 86, international conference on computer aided design, manufacture and operation in the marine and offshore industries, Washington, DC. S*pt 16-20 Insurance of target risks in Af-ro-Asian countries, Federation of Afro-Asian Insurers202 words
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Article189 1985-08-22 17 THE MAJOR shipping consortia operating between the Far East/Europe, Far East/Persian Gulf, Strait» port»/ Australia, Straits/Japan and the member line»: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line.189 words
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Article101 1985-08-22 17 Opecna THE GULF COMPANY for Petrochemicals, which recently launched experimental operations, has loaded a Norwegian tanker with 15,000 tonnes of methanol and ammonia for distribution to European and other world markets. Bahrain! Development and Industry Minister Yussuf Ahmedal Shirawi said the establishment of the company was an embodimentOpecna - 101 words
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Article, Illustration5562 1985-08-22 22 $®aBG)gEB 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 of5,562 words
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Article655 1985-08-22 23 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Ship Arrival for LCL movement Voy date/time Operator cargo schedule Location Asia Star 39B 22.8.85 1600 Boustead Fl 0700-0800 U3 L Ajitha 5E 228.85 1800 NAPL F7 0900-1000 B4 Thana Bhum 18N 22.8.85 2300 S'pore Shpg655 words
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Article1640 1985-08-22 23 The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises Pte Ltd Same (S). AB Shipping Boustead Shpg Agencies Afeo Line African Shpg Agencies (S). Ahrenkiel Liner Km Shpg (S) Alfred C Toepfer Oceonus ShippmgAgencies (S) Multiport Sdn Bhd (PK) American1,640 words
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Article504 1985-08-22 24 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 22.8.85/1100 Barber Toba K9 Barber alongside Fenglei K35 Y Fung alongside 22.8.85/0600 Shoun Maru 11 K30 Aru alongside 22.8.85/1800 Straits Pride K25W SSPL alongside 22.8.85/2300 Straits Star K24E SSPL alongside 22.8.85/1500 Sun Island K27 Sharp alongside 22.8.85/1500504 words
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Page 15 Advertisements
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Advertisement567 1985-08-22 15 Monthly from Pitman Available at all good bookshops and newsagents 1 in Times HI liyr Distributors A MEMBER OF THE C.Y. TUNG GROUP Orient OVERSEAS CvUaiHt* LINE Agents: *N» MUM SHTTMC MOICES (In- No. 242tM/M() PFv3l 70 Stanton Waj #0443 lAanna Ho«e 0207 jjß&i lot *****11 Telei WO AS 2417$567 words
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Advertisement66 1985-08-22 15 wm SHIPOWNERS should issue disclaimers and endorse delivery notes so as to prevent charterers from creating maritime liens. Page II BRITISH PETROLEUM has rejected an offer from its own shipping arm and placed a valuable boat contract wth an outside company. Page 111 Index to advertisers II London freight II66 words
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Advertisement1186 1985-08-22 15 I A hard look at what it will take to succeed in business for the next 20 i years With turbulent times ahead. forewarned will be forearmed S2? 00. TIMES THE BOOKSHOP MAERSK LINE SINGAPORE/GRANGEMOUTH 22 DAYS Penang Vessel Voy S* pors EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA1,186 words
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Page 16 Advertisements
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Advertisement466 1985-08-22 16 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Fwdar at Tokyo Ibto VS. U/LB OAK P. MMW 21/» 24/1 BEISHU H 21/0 1/10 j. arouo s/io s/m YMMSHN M. 12/10 15/10 TOKYO M. HYUGA I. MIiANCE orth Woot I Kotoo SUT VCR 21/0 22/0 27/0 21/0 0/10 10/10 lt/10 17/10 Atlantic/Canada Foodor at466 words
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Advertisement235 1985-08-22 16 g Supercarrier Service czumc N ROSARIO N ROCHESTER NtX! ARRIVALS BARBf R 106* 10/8. N ROCHESTER 6/9 BARBER TAMPA 6/9 N ROTTEROAM 26/9 BARBER TEXAS 26/9 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA 5/l» 7/1# 11/10 22/1* N/1* 26/10 21/10 6/11 7/11 12/11 Ah* Kccptoc contrs tor Houston235 words
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Page 17 Advertisements
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Advertisement828 1985-08-22 17 The Straits Steamship Group Mansfield Container Shipping Re Ltd ocw Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok V CONI AINERSHf SERVICE TO U* CONTINENT BENALDER CITY or EDBOURGH FRANKFURT EVKSS fWIWtPW BAT MM—H MMU iNtaraoi my BENAVON TOKYO MY BEWILDER cm or EDMUKH S'PM828 words
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Advertisement492 1985-08-22 17 Franco Belyum Services r*, tu: r 11-. i., i nrr' MfVBEHOF a< t VSUHTi; M tit _*W* >Uf L..t.rr~* A *~~+J jx-: CHARGFURS HAVRAISF MEDEX I IHF H MED Clue Mf MBf p /*Lt\V SfMICi NTAIMHISU) UHVK.I I > At',T AKIUA CHARGEURS REUNIS l'l Optorg Shipping Pte. Ltd «n *4492 words
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Page 18 Advertisements
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Advertisement599 1985-08-22 18 r Hapag-Lloyd TO CONTINENT. UK EXPORTS On carriaft to Scandtaavia. Med, Cambean ft S. America Inland hatdaie to Maud destinations in Europe TO EUROPE/MFD S parc PKatang Pananglauaat BMao Ganea Hbiag Rdam Bhavan tntvarp i 12/5 14/9 10/9 9/10 11/10 23/10 17/10 20/10 14/10 l*/9 20/9 13/10- lt/1# 25/10 19/10599 words
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Advertisement399 1985-08-22 18 FULLY CON TAIN ERISED SERVICE 10 EUROPI Vl* SUt/ j 1 **»"<»■• ol th* Act Corwxt*»n Spon PKtbflf LeHjxe (dan Fit MM Hbur| *nl»ftp 28 8 i? 6 9) 16 9 17 9 19 9 21 9 (24 »l 4 9 ?9» 23 9 24 9 26 28 9 (I'lO)399 words
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Advertisement457 1985-08-22 18 Hai Sun Hup Co (Pte) Ltd A**-,' TEL ??***** (?0 Lines) TLX RS??W>I RS?OfeT? itni INTERMARITIME LTD K. Kinafcaiu Tat *****0 iekarta Tefc (***** IM M—l Wi Ludbif it Biril M-f5 C Cameroon Shipping Lines S.R. The National Line of The United Rep ot Camer DIRECT SERVICE TO DOUALA MV457 words
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Advertisement637 1985-08-22 18 EVERGREEN Full Contdmor St-ryicP Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE; mi gram Ea anus rot saocN EVER 60K no una Ea GUBE EVER GOVERN scp HK ksg lis to a» no ksn cm mt m. m fu km mm "Z' *,l VI .it! H/i vm vm ivm ivm nm ivm l637 words
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Page 19 Advertisements
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Advertisement775 1985-08-22 19 VESSEL KOTA JAVA KOTA WIPAWAN KOTA MEQAH KOTA MUTIAftA KOTA SEJATI KOTA WAMOSA KOTA AQUNQ V\v PACIFIC INTERNATIONAL LINES PiL Building, 140 Cecil Street. 03-00 Singapore 0 106 Tel *****33 10-11/1 21-22/9 13-14/0 19-10/9 1-2/10 4-5/10 22-23/10 EAST AFRICA/REDSEA SERVICES 19-10/9 IEKKRA. ADEN, HOOEIOAH. JEDOAH. PTSUOAN. AOABA, MOMBASA. O SALAM775 words
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Advertisement596 1985-08-22 19 BENZINE CONTAINERS ;vv«ki it.' a > fZ?TirTM^^ ALL VESSELS ACCEPT TRAM TO/FROM PENANG AM) EAST rr^fnr IKJJEBSEN LINE NEWZEALAND SINCAPORt PORT KtlANf, K t UMPUR PfNANG Bl N 1 INf BF NO(R A BENDER A BfNOfRA HI 273/744 IE I *****1 If I *****5 TH ***** S. v PRIVATE LIMITED596 words
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Advertisement471 1985-08-22 19 DJAKARTA LLOYD INDONE SI AN NATIONAL L iNf BUSMI YOKOHAMA KOOE KAONSRMC NK STOW MAMRAHT V23/M 14/1 17/1 22/1 24/1 21/1 gowa m m 2«/ i 27/1 a/i 2/9 WEST BOUND STORE I HMO ***HVTM VMS 25-27/1 11/1 OCEAN nan ma 17-19/9 90NTANG VIM 1 79-30/9 1 24-14/19 27-29/19 J9-2/U471 words
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Advertisement478 1985-08-22 19 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SWPPMC CORPORATION (Burmese National Um) Lojdnc for Ranfoon Sport pjmmi Pk»«liwt|y»wywi V2S7W 22/23 tat Phashettyawyvra V2S7W 21/31 Ami BANK LINE I^'jiJ. 3 S"A JL'»3 Jlv.. U SPORE R'DAM HULL HMtG (VYBANK 3 Sep 28 Sep 6 Oct 2 Oct CLYDEBANK 18 S«p 13 Oct478 words
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Page 20 Advertisements
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Advertisement1098 1985-08-22 20 K LINE KAWASAKI KISEN KAISHA, LTD. ICUADOR/PERU/CHILE FIfDCR VSI Monova SfOK WIS W6 SWK KOK GUAY AQUR. CAUAO MICA J UL, ASIA SIM *30 MARITSA 17 M 10 A«I 21 M 23 Au, 7 Sep 25 Oct 2 1*» SKNTB *0703 HSU SIM *30 IB* *Sl 10 Auj 21 A««1,098 words
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Advertisement550 1985-08-22 20 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE lo4d«i| lor lOS ANGELES SAN FRANCISCO SEATTLE. TACOIAA VANCOUVER BC Accepting FCI/FCI Containers Sing jpoi t I Knftt. 15/U Sept 11 Oct AUSTRALIA EXPRESS CONTAINER SERVICE Acceptin( FCI FCI Cwitaners KAMtOAS V? 4 l/? Sept 3/4 Sept RAVOAS V2B 13. 14 Sept 15/16550 words
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Advertisement511 1985-08-22 20 SANKD ASIA FftOM JAPAMfSf PORTS ANO HOHQKOHG 1. SW LOTUS 2 SUN BUM) 3. FUKUUKI m 4. MPPO MMtU K-27/22 N 25/27 A« 21/30 ta| Plata* bUMftl 24/25 21/25 A* 31/1 Sapt ami smm ci amp turn im Tat mi*n Pari««»c MUa»>S*M U JUIM 3MJ45 PMV WW SMI S* M511 words
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Advertisement406 1985-08-22 20 INTRASEA (PTE) LTO 10 Anson P *27 16 I r.ter r>*t or F» ,/<* 0207 T**t 224tv c >.l M•L n BREAKBULK SERVICE TO EUROPL'UK S'pert P. KdM(Ln*| Mr- DMMKOS *****10 SaM »/l KOn/IM/VJL (AMR) FORT WCTORM MM 11 2t/« ROTT/MT/lU. (MOI) EVMOtA W5912 31/1 3/9 ROn/MT/M. (AWN FJseawooo and406 words
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Page 21 Advertisements
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Advertisement718 1985-08-22 21 NOL NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/from Scandinavia f C ROZE S pore Closing Times: FCL Cargo 0400 28/8 LCL Cargo 1200 27/8 Where PK dates indicated in brackets, cargo to/from PK transhipped via TO AND FROM AUSTRALIA: BMSBANE. SYDNEY—MELBOURNE I// 1 ADELADE 21/'718 words
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Advertisement650 1985-08-22 21 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, BUSAN, INCHON Vn>«( S*rt W fCH MCHOH BUS** No t taum/HCN ft l 31/1 ?S 30/1 10/9 No 7 Oown/M7N 7/« 19/9 No 0 taua/UM IS/0 19/9 1/11 No I Ovum SO 7N 23/9 27/9 9/19 No Dow650 words
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Advertisement674 1985-08-22 21 SINSOV SINGAPORE SOVIET SHAPING CO PRIVATE LTD SMSOV BULDMG 55, Market Street Singapore 0104 Telephone Nnh*m *****3 (15 Lines) Cable Address SMSOV SINGAPORE Telex Numbers RS ***** RS ***** RS 2510* P KELANG M/S SHAMKAT NAM SOON SDN BM>. IST ANO 2ND FLOOR. NO 1. IALAN CEMPENMG. PORT KLANG. MALAYSIA674 words
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Advertisement31 1985-08-22 21 3533J T 4. J; Ketone Lm*| tar N MTA «0T S4 27/1 tad*» I Hi KK Agents: JAMBA TAN MERAH SDN BHD P. Kelang: *****6 7 K.L. *****7 *****1 Penang *****31 words
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Page 22 Advertisements
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Advertisement759 1985-08-22 22 ICc«|i<Mial Container Lines fjSSSSZi] 4 Sailings weekly Fast Reliable Regular y Punctual Berthing P S A Mon, Tue. Thur. Sat HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINER SPf CIAUSi D H€ AV V llt It RS AW All ABI f AGIA SOFIA SUPER SPRIT S'pore In Port 10/12 Sept759 words
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Page 22 Miscellaneous
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Miscellaneous172 1985-08-22 22 Regional Weather m m S 7A H > 33 *xr m c SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. C yAv cT w Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature <> c Weather Wind direction with speed in knots Ram Cloud, Sk,172 words
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Page 23 Advertisements
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Advertisement106 1985-08-22 23 m IfISC AGENCES K. LUMPUR P. KELANG PENANG P. GUOANG J. BAHARU *****8/*****6/*****8/*****3 *****1/4 TERMMAL 3SS3SI/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 ill T<im irriraniMMi pirrwn |Pi[TTTTMMrrM"f' l "iriniT»rTi ■on mm cm htm KHH ttf cob QQ II '■< -MEIMESUr.i;'.]! .•■■SJIIIftnTHTTTTTTTTiir—jimnrf i. ii MfTiTMrnTMrT^n^MyFißrnMrri ALSO ACCEPTM FOR: ANTWERP, L. HAME, UK. MOO.106 words
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Advertisement98 1985-08-22 23 WORLD LINE EXPRESS REGULAR SERVICE MPAN/HOHGKONG/STRAITS ALSO ACCEPTING CARGO TO PORT KELANG VESSCIS SPORE P KEIAMG shaw mip *ui mn n/n GOIOfN LAKE MIX Auf 30/S«p4 1 S«pt 2/3 *»*0 NO I M l Sept 12/14 Sept 15/U Al WSC <e«eh b«fth Snfapae at PPM Gdn P? Snfapore On A«ent98 words
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Advertisement255 1985-08-22 23 -V. LICORNE SEAUON SHPTMG (S) PTE LTD. SMIS/BOQKMGS TEL 2205*11 (I IMS z«' t,i .:r.Tj f Tij.vi] Scan Dutch V To Europe (Med/UK/NC/Scan) B Butang In Pt B Butang 29/8 B Butang 5/9 B Butang 12/9 B Butang 19/9 B Butang 26/9 SINGAPORE KELANG I VESSEL/VOY I ACCEPTMG/SMLNG Butang 23/8255 words
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Page 24 Advertisements
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Advertisement542 1985-08-22 24 NOTICE SALE TEN UNITS VACUATORS USED FOR DISCHARGING OF GRAIN FROM SHIPS We are interested in sale of above equipment on "as is where is" basis. The brief particulars of these units and associated equipment is as follows. MAKE NEURO Model GSDL 210/110 D driven by Mercedes Benz OM-352 engine542 words
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