The Business Times, 24 September 1986

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 WEDNESDAY, SEPTEMBER 24, 1981 75 CENTS
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  • 356 1 MALAYSIAN Prime Minister Datuk Sen Dr Mahathir Mohamad gave a reassurance yesterday that the government would not devalue the ringgit since such a move would not benefit the country but would eventually lead to inflation. He warned bankers that they would merely "burn their fingers"
    356 words
  • 542 1  -  Franchisee Cookmate ready to sell By GOH YEE LING AFTER PILING UP losses of about $3.5 million in only two years of trading, the Big Rooster franchisee in Singapore, Cookmate Pte Ltd, is ready to sell the franchise and go into voluntary
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  • 169 1 THE POST Office Savings Bank will cut its deposit rates by one-half to three-quarter percentage point from Oct 1, taking the rates to their lowest levels since the POSB became a statutory board in 1972. The national savings bank will pay 3.75 per cent for balances
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  • 569 1  -  By MONICA GWEE INDIAN NATIONALS visiting Singapore will soon need visas in a "last resort" action by the Ministry of Home Affairs to stem the entry of illegal immigrants and overstayers from India. The ministry yesterday emphasised that its intention was not
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  • 407 1 BARGAIN-HUNTERS and punters returned to the stock market yesterday but not in their usual exuberant mood. There were occasional dips, reflecting a slightly hesitant investment community. Volume, however, picked up to 17.19 million shares worth $44.71 million from Monday's inactive trading of U. 69 million units
    407 words
  • 326 1 Reuter PREMIER YU KUO-HWA signalled yesterday that Taiwan was ready to play a wider role in the international economy and hinted at a more flexible policy towards China. Addressing the opening meeting of a new session of Parliament, Mr Yu reiterated his
    Reuter  -  326 words
  • 116 1 Reuter TAIWAN, which depends heavily on imported energy, will join South Korea in exploring for offshore oil in Malaysia. A Chinese Petroleum Corporation spokesman said in Taipei yesterday that the planned fiveyear joint-venture agreement with Samsung of South Korea would give State-owned CPC a
    Reuter  -  116 words
  • Page 1 Advertisements
    • 244 1 A Vjbvtffcjrv of Amt% Ooti> of ConpMn <08 Mrtn Read. »06-0> 9wfl«por» Wwtat. Singapore oa?3 T«l 7339M8 Tatox RS ***** Cabt* "ALEXKO" The Sunday Timet, Sep 21, (986 MALAYSIAN Finance Minister Daim Zainuddin has reacted swiftly to a directive announced last week barring Cabinet members and politicians in government posts
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    • 252 1 SHARE INFORMATION MONEY EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV 1 RADIO BRISTOW DOONESBURY OUR VIEW THE MOST SIGNIFICANT aspect of the disarmament accord just signed in Stockholm is the mandatory on-site inspection of troop movements it establishes. The agreement will come to fruition if the element of trust it
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    • 205 1 BALLY cf SmtzrrliinJ >>u <•,'< !i:t i *;.hli Soto Agant: 8.0. Panvtl ft Son (Pl»| Ltd. Singapore Full report, Pag« 15 Intl stocks, Pago 12 Asian stocks, Pago 13 Shipping Timaa comet as a aaparata taction today. Maka aura you gat your copy. You make the choice. We make the
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  • HOME NEWS
    • 700 2  -  Nightclub witness denies there were major renovations HOTEL NEW £4$ WORLDS INQUIRY By LUCY NG THERE WERE SOUNDS from two cracking pillars the night before Hotel New World collapsed, the Commission of Inquiry heard yesterday. Mr Philip Law, 36, manager of the nightclub on the second
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    • 384 2 G RAMACHANDHRAN, the managing director of PGovindasamy Pillai Sons, was elected the president of the Singapore Federation of Chambers of Commerce and Industry (SFCCI) at its Bth annual general meeting yesterday. He was the only candidate nominated to succeed Lim Kee Ming, who had served
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    • 289 3 WHIPPED CREAM and 11 other pre-packed foods will have to carry expiry dates from next Monday, when the amendments to the Food Regulations come into effect. The dozen foods were selected by the Environment Ministry's Food Control Department based on records of public
      289 words
    • 121 3 THE CONTROVERSY surrounding the decision of the Housing and Development Board not to buy back HUDC flats is to be raised in Parliament. Dr Koh Lam Soon, Member of Parliament for Telok Blangah, has submitted two questions to Minister
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    • 329 3  -  By LIM SOON NEO ISRAEL is keen to open up the air-lanes from Singapore as a way of increasing the number of visitors from East Asian and Pacific countries, it was disclosed by the Israeli Tourism and Justice Minister Abraham Sharir last night.
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    • 336 3 NOW IS A tremendous time for travellers to come to Asia, a retired American admiral who once commanded the Pacific fleet told Asta delegates yesterday. "By virtually any measure," said Admiral Thomas B Hayward at the second day of the 56th American Society
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  • Page 2 Advertisements
    • 287 2 WHO SAYS SINGAPORE HAS NO NATURAL RESOURCES? OUR HUMAN RESOURCES ARE OUR GREATEST ASSETS! MANAGIHG YOUR HUMAN RESOURCES Until now, if you wanted to manage your Human Resources better with a flexible and powerful Human Resources System you might have needed: a large mainframe computer. a Data Base Management System.
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  • Page 3 Advertisements
    • 241 3 Vk halved our order fulfillment time through a working partnership with HP. "At SGS Semiconductor (Pte) Ltd in Singapore, the HP 3000 computer system has streamlined Vl order processing and halved the cycle time between receiving an order and delivery of the goods." SGS Semiconductor (Pte) is an international manufacturer
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  • Page 3 Miscellaneous
    • 1224 3 to (md mm PETER THE GREAT 9.30pm, Channel 5 During his tour of Europe, Peter works in the shipyards of Amsterdam and meets King William 111, played by Laurence Olivier (right) and Sir Isaac Newton (Trevor Howard) in England. Meanwhile, Eudoxia's increasingly bitter feelings about her husband and Sukhorukov's artful
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  • Page 4 Advertisements
    • 185 4 1 Congratulations Cathay Pacific Airways on your 40th Birthday JET CI Air Express International Singapore (Pte) Ltd. Block A. Airport Cargo Road 42 -03. Cargo Agents Building, Singapore 1781. CONCORD WEXPRESS atmnncr wwt w* Concord Express Blk A 12-01 Cargo Agents Building.Airport Cargo Road Singapore 1781 Dart Express (S) Pte
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  • ASIA-PACIFIC
    • 174 5 AP WORKERS in Indonesia would not be allowed to hold strikes or slowdowns to demand higher wages following the recent devaluation of the country's currency, Indonesian Labour Minister Sudomo said on Monday. Mr Sudomo made the announcement in Jakarta after meeting labour union official
      AP  -  174 words
    • 764 5 ARRIVALS Operator Sorvico number Locol time From SIA UA SIA RBA MAS SIA KAL MAS MAS SIA CPA RBA GIA SIA SAS UB SIA SIA THAI CAL MAS GIA SIA SIA AY GIA GIA SIA SIA RBA SIA SIA THAI THAI CPA KLM GIA MAS Al MAS
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    • 310 5 FT CHINESE authorities have reported an increase in the number of sub-stan-dard imports this year, but did not specify from which countries the poor quality products were bought. Diplomats believe the inmu» of sub-standard imports has political significance as some Chinese officials are hesitant
      FT  -  310 words
    • 151 5 Reuter JAPANESE Prime Minister Yasuhiro Nakasone was reported yesterday as saying that the average level of knowledge in the US was far less than in Japan because of the Blacks, Puerto Ricans and Mexicans living in the US. The Tokyo Shimbun quoted Mr
      Reuter  -  151 words
    • 361 5 FT JAPAN has accepted a statement issued on behalf of the world's main trading nations that implicitly blames its manufacturing export surpluses for creating serious world trade problems. The statement came after the launch in Uruguay of a new round of negotiations within
      FT  -  361 words
    • 190 5 Reuter NEW ZEALAND has not lost any significant intelligence on the South Pacific region through the cut in defence ties with the US, says a government official. Gerald Hensley, permanent head of the Prime Minister's Department, told a parliamentary committee yesterday that there were no important gaps
      Reuter  -  190 words
    • 439 5 AP PHILIPPINE PRESIDENT Corazon Aquino says that human rights have been restored in the Philippines following its liberation from "the oppression and corruption" of the Marcos government. "There are many ways to run a country, but there is only one way to treat people: with
      AP  -  439 words
  • Page 5 Advertisements
    • 156 5 LONDON The business person's choice, every Tuesday, Thursday, Saturday and Sunday. Leaving Changi Airport at 22:00 hours and arriving at Heathrow at 06:50 hours the following morning. Call Air Canada at *****55 or your Travel Agent. AIR CANADA® One word that means a great deal in anyone's language: Hertz. Travelling
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    • 318 5 Only the very dedicated CAN MAKE HISTORY. S2f* W A fit f 1 m Royal Oak, extra~thtn, water 'resistant to 50 meters. BA *****/677 BA—SSI6,7SO (Ladies) SA *****/477 SA 559,500 (Gents) In 1909, Ettore Bu- went beyond anything Today, the proud gatti built the first four- that had been seen
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    • 7 5 Americans succumb to Cory's spol, Pago 7
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  • Page 5 Miscellaneous
    • 53 5 Doonesbury HR.ROeeFWTH&tARS MILLIONS OFAMBAJCANS HJHO, FRANKLY, ARSMAPE A UmaNBUOUSWAMAH HJHO HAS PBTAILtP, pwmcDweßSAnoNswrmGOP. ?e 1 yr/ 00 YOU THINK YOU CAN OWER- COME... UJHATTS THAT? r <92 W <3 L. 11 i BY GARRY TRUDEAU YOU9AY BETTER I*** SfTDOUN. StOtULY tSWSK* THYiMLL BEDONB. ±M NOT TALKING TO YOU. Wa >
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  • REST OF THE WORLD
    • 385 6 Report urges two-pronged fiscal and monetary approach FT EUROPEAN governments have been urged by an international group of economists to organise a simultaneous relaxation of fiscal policies and coordinated monetary expansion as part of a strategy to cut unemployment to an average of 5 per cent.
      FT  -  385 words
    • 267 6 Reuter LATIN AMERICAN economic leaders, meeting in Panama to set strategy for this week's annual meetings of the World Bank and International Monetary Fund, have been warned of more hard times ahead for their debt-ridden nations. The warning came in a sobering speech
      Reuter  -  267 words
    • 451 6 AP AN AMERICAN financial magazine says Japan has replaced the US as the most creditworthy nation in the world in the opinion of international bankers. The September issue of Institutional Investor says that bankers polled for its semi-annual country credit ratings survey "have
      AP  -  451 words
    • 258 6 AP THE HOUSE of Representatives has voted to bar the US government's ExportImport Rank from financing sales to 12 countries designated as Marxist-Le-ninist. The Bill, which also extended the bank's authority for six years, would specifically bar the hank from financing shipments
      AP  -  258 words
    • 119 6 Reuter THE WORLD Health Or-, ganisatlon (WHO) has predicted projected cuts in the US contribution would create a US$35 million shortfall in the current two-year budget of the UN agency. But Mr Half dan Mahler, WHO director general, said President Reagan
      Reuter  -  119 words
    • 385 6 UPI FEELING depressed when the weekend is over is a common phenomenon, but a new study indicates that Monday morning blues don't Just affect people who dislike their Jobs. "Certainly Job dissatisfaction has a lot to do with it, but it's not the
      UPI  -  385 words
  • Page 6 Advertisements
    • 216 6 c&c Computers and Communications The Simple FAX a mffifeim wMtSi ■y S A ~.v. v.. <* -Mr t Wr% f P-tS m If you want a fax but think you don't have room for one, it's time to think again. NEFAX-11 gives you the speed you need to cut communications
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    • 88 6 3 as n R Succulent Live Seafood Lunch Dinner Daily A fathomless array of aquat'C delights fresh from the tank Exquisitely prepared and at prices so affordable Live Prawns 56 per I OOgm Live Lobster 56 per I OOgm Live Garoupa $"> per I OOgm Live Seabass $4 SO per
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  • WORLD BACKGROUND
    • 481 7 AP THE EAST-WEST security accord hammered out in Stockholm is a significant breakthrough itself, but it is more important for its potential spillover effect on other more crucial arms negotiations. The agreement, reached after more than 32 months of often sterile exchanges among the
      AP  -  481 words
    • 594 7 Reuter TWO MONTHS AGO, Pakistan's opposition alliance confidently presented the government of military President Mohammad Zia Ul-Haq with an ultimatum to announce a date for new elections by Sep 20. As that deadline passed almost unnoticed, the alliance found itself threatened with splits, challenged by rivals,
      Reuter  -  594 words
    • 654 7 AFP A TRIUMPHANT President Corazon Aquino of the Philippines left New York on Monday on her way back to Manila, having won the hearts of Americans and establish herself in the eyes of the Reagan administration as a credible and effective leader. Before she came,
      AFP  -  654 words
  • Page 7 Advertisements
    • 112 7 OLYMPICS EUROPEAN CONNECTIONS U «T A WISE CHOICE Frequent and convenient connections from Athens to more than 40 world-wide destinations, including Madrid, Istanbul, Dusseldorf, Marseilles, Milan, Nicosia and Stuggart. For enquiries and reservations, call 225 8877. V TUI a n Bw a r s The International Airline of Greece An
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    • 3 7 Leader, Page 10
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    • 415 7 ace. iness The prestige of the number one address in the business world. The esteem of the tallest building outside the United States. The efficiency of one of the most technologically advanced office complexes in the world. At OUB Centre, productivity and prestige work hand in hand to give your
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  • RAW MATERIALS
    • 281 8 SINGAPORE The market closed easier yesterday with October One RSS buyers quoted at 153.00 cents a kg, down 1.75 cents from Monday. The morning session lost 0.75 cents due to some profit-taking and long liquidation in thin trading. Prices weakened further in quiet afternoon trading on continued profit-taking and
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    • 255 8 RAS prices in S OMti/kg, F08 in k olw NOON CLOS€ 1vyOf* Solon Ityw SsNsit krrt 1 RSS Prompt 193.50 194. SON 193.00 194.00N Int 1 RSS Oct 86 193.50 194.00 193.00 193.50 Int 1 RSS Nov 86 193.00 193.50 192.50 193.00 Int 2 RSS OP 184.00
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    • 138 8 Chineee Produce Exchange Stltn' mom doang prices on Sort 23 (S$/100 kg). Coconut oil Buk FOB 40.00 Old drum FOB 53.00 Now drum FOB 57.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW BWP FOB NSW Gambier FOB NSW 625.00 1405 00 1289 00 330.00 Copra Mixed Doom)
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    • 82 8 1 i OCT 86 NOV 86 (cu rm it month) (forward month) NOON NOON RAS brM S*n Ivyara SSR 20 170.00 172 00N 170.50 172.50N SSR 50 167.00 169.00N 167.50 169.50N MRELB Bvywt 5>IUn >tl SMRCV 267 50 269.50N 268.50 270 50N SMR L 267.50 269 SON
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    • 63 8 Bangkok (USS/tomw, FOf) Broken Rice A-1 Supor 128 A-l Sp*dol 125 Whit* Rice C-l Special unq C-l Ord Loonzain Rice 100% 1st doss 100% 2nd doss 255 220 100% 3rd doss 215 100% 1st grod* una 5% 205 100% 2nd grod* 215 10% 200 100% 3rd grod* unq 15%
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    • 108 8 THE PRICE af Hm sn the Knls lj f* Hi Market retreated seven eents ts Mf14.1l per kg jesterday sn lark sf sustained Tlrtpeai hsyers withdrew following the fall In sterling against if L|.L tm nattily wiici reniv ed In tie KLTM prlee shewing n sflgkt pretnlam ever
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    • 96 8 OIL PRODUCTS KEROSENE PRICES fell on the Asian petroleum products market as suppliers came onto the scene. Most other products we are quiet with Tokyo on nou1 1 3 '1 1 3 wen H and 12 a tonne after a Closing prices for crude (fob origin) US$/borrei Change Dubai (Oct)
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    • 221 8 SOYBEAN FUTURES on the Chicago Board of Trade closed down V« US cent a bushel on Monday to up 2V« centa after failing to maintain early highs. Widespread rains over the weekend, threatening to delay crop movement and exacerbate any nearby pre-harvest tightness, prompted a higher open which was
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    • 153 8 MALAYSIAN crude palm oil price* closed off the day's highs yesterday on late renewed selling and profit-taking following lower offers to Pakistan which was seeking 12,000 tonnes of RBD palm oil for last half November shipment. September deliveries in the central region rose MJ7.50 to MJ467.50 a tonne
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    • 514 8 COFFEE Robust* futures closed on Monday between £15 and £35 higher than last Friday in a quiet market, mainly supported by weaker sterling and bullish New York prices. Second position November closed at £2,510, £25 up from last Friday. Volume was 4,469 with 1,478 SUGAR Raw futures closed
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    • 226 8 WHEAT FUTURES on the Chicago Board of Trade closed on or near the day's lows on Monday, down 4V« US cents a bushel in the nearby December to unchanged on the bid in the September. December settled at USt2.S7V« after posting a six-cent range on the day. A poor
      226 words
  • Page 8 Advertisements
    • 450 8 Computers and Communications -j Still sacrificing power for compatibility? The task of finding the type of quality PC you want becomes increasingly difficult as more IBM-AT compatible personal computers appear on the market. Assessing one model's performance features against another is a challenging and complex task. Now with the exceptional
      450 words

  • TRAINING & DEVELOPMENT
    • 337 9 Seminars and d 15-17 J anuar y 1987 World Trade Centre, Courses 1 ELECTNMCS ran KATONA1. SECURITY asm 87 Singapore. DURATION TITLE VENUE ORGANISER TELEPHONE Oct 6-8 Speaking and Notional National *****34 Presentation Excellence Productivity Productivity Board Board Oct 6*7 Plant Maintenance National National *****34 Management Productivity Productivity
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    • 267 9  -  By ANNA TEO THE NEW training programmes lined up by the Singapore Society of Accountants is a move to provide practical skills for the profession, particularly those from the 400-odd public accounting firms. New graduates, who step into the world of auditing armed with
      267 words
    • 579 9  -  By LISA LEE ABOUT 30 TRAINEES from Shanghai will be taught the finer points of hotel management at the Hilton International Asian training centre in Singapore. This training stint is to get them ready for the opening of the Shanghai Hilton in July next year.
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  • Page 9 Advertisements
    • 447 9 Computers and Communications ,V J^gL v >> CStill sacrificing speed for compatibility? Speed performance has never been of such critical importance than today. Now there's no need to sacrifice the speed you want for AT compatibility. You spend more time thinking and less time waiting with the new NEC APCIV.
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  • FEATURES
    • 485 10 THE NIGHT WHEN ULYSSES, the legendary Greek traveller, returned home to Ithaca 20 years after he had sailed to war, the goddess Athena held back the dawn so that he could stay longer in the arms of his wife Penelope, that equally legendary paragon of virtue, who
      485 words
    • 988 10  -  Japan has selected aerospace as a strategic industry and is helping companies in forming joint ventures with foreign manufacturers to produce planes and parts, reports WALTER MILLER. WALTER MILLER NYT FROM THE ASHES of factories which produced the deadly zero fighter plane of World
      NYT  -  988 words
  • Page 10 Advertisements
    • 421 10 Computers and Communications Still sacrificing price for power? Contrary to popular belief, the most technologically advanced personal computer complete with the latest powerful hi-tech features, needn't always cost the earth. Especially NEC's impressive new APCIV. Incorporating the latest electronic technology to make it more productive and less expensive, the APC
      421 words
  • Page 10 Miscellaneous
    • 33 10 BliStcw: Ran&lfccfcers CfNNi you Do somerHiNG rbout or THGSG TROUSERS CPiN YOU ROUGMGN IT P> 6IT? UJHPtf DO YOU HfVe in pwd? I«ll! f ITS SO SHINY 1 Ke£P SUPPING \oFF my cupiig
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  • SPORTS
    • 405 11 AP TENNIS STAR Martina Navratilova testified in New York on Monday that a photographer who is suing her had embarrassed or harassed her on at least two occasions before she took his camera and exposed his film in 1962. Navratilova took the stand in the
      AP  -  405 words
    • 149 11 UPI RENAULT, the first company to enter a car with a turbo-charged engine in a Formula One car race, announced on Monday it would withdraw completely from Formula One racing next season. The French car maker, which withdrew the official Renault team last year
      UPI  -  149 words
    • 265 11 AFP THE AMERICANS may be the top seeds and favourites to win the Dunhill Golf Cup in St Andrews, Scotland, this week, but the Australians are certain to make them fight all the way to justify that status. Being the holders, they
      AFP  -  265 words
    • 459 11 Agencies KATSUNORI FUJIWARA of Japan picked up his third gold swimming medal at the Asian Games by winning the men's 100 m freestyle in a new Games record of 51.56 seconds. Fujiwara, with the 200 m freestyle and 4x200m freestyle relay gold medals already in
      Agencies  -  459 words
    • 204 11 AFP STEVE DAVIS, the world's leading snooker player, suffered a shock defeat at the hands of fellow Englishman Willie Thome in the inaugural final of the Matchroom Championship in Southend, England. The world number seven took the £50,000 first prize with a 10-9 victory
      AFP  -  204 words
  • Page 11 Advertisements
    • 536 11 £iii Computers and Communications m Still sacrificing support for price? It is false economy to believe that you can buy the kind of quality personal computer you want at rock bottom pnces. Those available at the cheaper end of the scale will never give you the level of support you
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  • Page 11 Miscellaneous
    • 664 11 TCKWKMjQB SGBMiKM) CRYPTIC PUZZLE ACROSS 1 Surname of one possibly bom out West (5) 6 Place of rest where one can get a leg of duck? (5) 9 The historic chorocter of Tottenhom (7) 10 A damp one is disappointing (5) 11 Drink for a Sponish hero and monarch (5)
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  • INTERNATIONAL STOCKS
    • 347 12 Reuter THE FRENZIED buying of USX Corp stock by some of America's best-knowtj financiers is expected to speed up a long-awaited restructuring of the Pitts-burgh-based energy and steel company, according to analysts. Yesterday, as its stock continued to change hands at a hectic pace,
      Reuter  -  347 words
    • 183 12 UPI THE PATHFINDER prospectus (or a £200 million private placing, the next financing stage of the Eurotunnel cross-Channel link, will be published within the next 10 days, merchant bankers Morgan Grenfell has said. "Impact day" when the actual terms will be disclosed
      UPI  -  183 words
    • 295 12 Reuter WALL STREET staged a longawaited technical rebound on Monday as bargain hunters drove up prices of stocks that had been battered in the past two weeks. The Dow Jones Industrial Average rose 30.80 to 1793.45. The New York Stock Exchange Composite Index
      Reuter  -  295 words
    • 128 12 Sff 22 AMto a 23* Imp Oil a A hco kit Prow Pip« 46* 19* 41* 19* 1 Akon Alum Algoma Stl 45 13* Karr Addnon 17* Bonk Novo Scotn 15* Mcmd Bkf 35* unch Bank Of Montreal B«< Canodo 31* 37* Motson A 25* Bp Rmoutcm 33* Broscan
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    • 195 12 Sf r 22 Truit Bk 140 60 -5 -10 IHOUSTtlALS Wooltru 1425 50 A Alpha Ab«fcom 290 1375 inch MININGS 7100 -300 +10 ***** unch 5400 75 Bhrvoof 2500 -75 Bartowi 2125 25 BuHeh ***** -600 C G Smith 3025 300 25 20 Corn Gold 3500 -200 1325 25
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    • 678 12 S€P 22 US$ 32* 4* Alcoa 38* Alag Intl Aftad S«g AM Storm Ak-Chalmar* Am Brandt Inc Am Can Co Am Cyanomd Am Else Pwr Am Exprau Am Horn* Prod Am Motor* Cp Amox he Amaroda Ha*» Amoco Corp Amr Corp Aimco Inc Atarco he AM RxhMd 19*
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    • 864 12 Amsterdam SEP 22 Fh ABN 552 00 -1-5 Aagon Ahold 99 50 32 9100 +19 149 20 +12 151 60 +0 1 AMfV Amro Bank A» Stod 75 50 +17 95 80 +15 127 10 +1 38 80 +1 Bote 161 00 -I 5 Borvjm, Buahrman Tattaroda 122
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  • Page 12 Advertisements
    • 537 12 I n <3 4 iter* to wim, diae Had. eatertala Wholesome, fresh, sumptuous and all you can eat... there is nothing more nutritious and better value for lunch than the QtiUa cuidQtvejena at Baron's Table. 1 n From a buffet spread of cold cuts, salads and soup to tender, succulent
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    • 131 12 London stock* on Pago 17 That's how we count at The Lounge during our Happy Hours from 5 pm to 7 pm daily. When a guest has had two similar drinks, the third is free And every night at 8 pm except Sundays VTB Wizard comes on with its dynamic
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  • ASIAN STOCKS
    • 366 13 HONGKONG: Share prices closed sharply higher yesterday on strong overseas institutional demand in heavy trading. The Hang Seng Index rose 39 points to 1,992.60, just below the record 1,997.92 set on September 11. The Hong Kong Index climbed 23.84 to 1,254.63. Turnover rose HK5222.1 million to $560.58. Brokers said
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    • 249 13 Sir 23 AM Sincara Mu» Asm C «mont KT 1 56 23 40 31.60 -0 03 0.1 0.2 Kuochan Da* Lh Chang Yuan Cham Indus Lion Hwo Mm Nan Ya Pta* 2000 31 00 1095 33 40 19 40 +0 1 +0.4 -0.1 unch -0 1 Chang H«ro Bar*
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    • 480 13 SYDNEY: Share markets closed stronger in heavy trading, particularly among leading industrial and gold stocks, brokers said. They said interest focussed on ACI International Ltd following a placement near the close of more than 3.9 million shares at A 53.66 per share. Brokers speculated the buyer was Westfield Capital
      480 words
    • 64 13 SEP 23 Acoi> Mining Anglo Phi Paaat 0002 unch Onantal B Phi Ovar*aa* PMax B 0 016 unch 0.017 mch 0 40 -0.01 PLDT 262.50 -2 5 Gold Bovc Patroiaum Banguat Con. B 0 0012 -0 0002 120 inch San Miguat B Saofront Sana Darby 72 unch 0001 -0009
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    • 116 13 S£F 23 Wot Kangwan Ind Km Motor 1020 1899 •10 -36 Chad Sugar 1870 -32 Doe*m M Daewoo Corp 581 ni2 -17 18 Korea Lang Term 1450 10 Daewoo Heavy DaaMn Secuntie» Dong Ah Phar Dong Suh Stock 1380 2531 855 1410 1670 -5 30 •5 -40 •IS Omental
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    • 161 13 Reuter BANGKOK: The Securities Exchange of Thailand Index slipped 0.56 to 155.99 while the turnover amounted to 284,480 shares valued at 50.2 million bath Reuter Tokyo markat was closad for Autumnal Equinox Day. str 23 Ao Khom Thai Uh Siam Cement Sam Citizen* Saam Citizens Leawig 711 tut> up
      Reuter  -  161 words
    • 157 13 Reuter SOUTH KOREA has ordered 11 companies to acquire 17 financially troubled companies under the government's industrial realignment programme, but plans no more such forced mergers this year. Finance ministry officials in Seoul said yesterday that banks will provide soft loans to the merged entities,
      Reuter  -  157 words
    • 101 13 AP SUMITOMO Electric Industries Ltd, Japan's largest maker of electric wires and cables, is to build a wire factory in Kentucky by Aug 1987 at a total investment of 2.5 billion yen (US$l6 million). A Sumitomo official, speaking in Tokyo on
      AP  -  101 words
    • 634 13 NEC forms marketing venture with Honeywell Reuter THE JAPANESE are challenging the US lead in the small but lucrative market for super computers, the world's fastest machines. Last week, Japanese electronics giant NEC Corp signed an agreement with Honeywell Inc to form
      Reuter  -  634 words
    • 153 13 UPI TOYOTA Motor Corp is planning to resume car production in the Philippines after a three-year suspension through a buy-out of its former Joint venture factory. Quoting Toyota sources, the Kyodo News Service and the Nihon Keizai Shim bun, an authoritative economic daily, said Japan's
      UPI  -  153 words
    • 80 13 Reuter ORIENT Overseas (Holdings) Ltd said a Hongkong court has adjourned a hearing of a petition filed by Credit Commercial de France to wind up the company. It said no date has been set for a further hearing and that progress is continuing with efforts to
      Reuter  -  80 words
  • Page 13 Advertisements
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      112 words
    • 132 13 is, I 9 >• Your evening begins... .at the Fountain Lounge. The popular meeting place to unwind before dinner with a cocktail and triends. Musical entertainment from 5 pm. Happy Hours from 5 to 8 pm daily. Enjoy one drink free with every one ordered; while bottle buyers pay only
      132 words
    • 148 13 Peranakan Buffet Sept 1 30 Lunch Dinner Adult: $12.00- Child: $7.50++ High Tea Buffet Daily 3pm 6pm Only $6** iC ExcefSor Hotel 5 Coleman Street. Singapore 0617. Tel: *****33 3 €3 C 3 I £3 C 3 C 3 C 3 C 3 t C 3 I Meals at Cafe
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    • 210 13 Fashionably hyatt Join the fashion-conscious every Tuesday, Wednesday and Thursday (3 6 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus show at $10.50
      210 words
    • 115 13 $12.50 be BUFFET-LUNCH COMBINING THE BEST OF EASTERN WESTERN DISHES •v 4 V T« Lunch Hours: 11.30 am 2.30pm 10% service charge A 3* government tax not Included TitkHfo 19, Caimhill Circle, Singapore 0922. Tel: *****22 Telex: RS ***** f r 4 Sjyf...- > 1 -W Our Daily Specials! A
      115 words

  • BANKING AND FINANCE
    • 386 14 FT FOREIGN BANKS and finance companies in Malaysia are enjoying a strong influx of cheap funds as nervous depositors switch their savings following a spate of bad losses and runs on local hanks and the financial crisis facing the deposit-taking cooperatives. Spokesmen of several
      FT  -  386 words
    • 423 14  -  By AMY BALAN SEVERAL SYNDICATES are suspected of being behind credit card fraud cases in South-east Asia involving Visa, and Singapore appears to be their "target market". Information collected by Visa member banks have also turned up evidence of their activities in
      423 words
    • 265 14 AFP INDIA'S foreign exchange reserves increased substantially over fiscal 1965-86 allaying fears of a marked decline stemming from the growing trade deficit, according to a study by an independent research group. The reserves stood at US$5.9 billion for the year ended March 31, up
      AFP  -  265 words
    • 126 14 Reuter PARAGUAY'S Industry and Commerce Minister has announced exchange reforms which economists say amount to a devaluation of the local currency. Mr Delfin Ugarte Centurion told reporters in Asuncion on Monday that Paraguay would be paying its foreign debt at a rate of 320 guaranis
      Reuter  -  126 words
    • 158 14 Reuter MALAYSIA'S gold and foreign exchange reserves (ell to M 512.94 billion in August from MJ13.27 billion in July, but were above the M 510.12 billion held in August 1966, Bank Negara Malaysia said. However, the central bank said total assets at end-August rose to
      Reuter  -  158 words
    • 92 14 Reuter THE BANK of Thailand haa raised the amount at foreign exchange commercial hanks are allowed to hold to 40 per cent of a bank's capital from 20 per cent. The ruling will become effective on Oct 3 for six months. Central bank governor Kamcborn Sathirakui
      Reuter  -  92 words
    • 383 14 Reuter SPECULATION that the mark will appreciate more against the yen has spurred Japanese investors to buy mark-denominated bonds, mark bond dealers said. Japan's recent easing of restrictions on capital outflows also will encourage more Japanese investments in mark bonds, particularly from life insurance
      Reuter  -  383 words
    • MONEY AND EXCHANGES
      • 758 14 SINGAPORE: The US dollar closed higher yesterday against most major currencies on some short-covering by Asian and European operators. Trading in the morning was fairly quiet due partly to the closure of the Tokyo market but activity picked up in the afternoon after European exchanges opened. Sentiment for
        758 words
      • 103 14 THE OVERNIGHT rate on the Singapore Interbank money market closed at 2-1/4 per cent yesterday, up 3/8 point from Monday. The one, two and threemonth term rates fell by 1/16 point each. S$ Interbank rates at 7pm yesterday: OHw M Ov«rr»ght 2 1/4 2 1-month 2 15/16 2
        103 words
      • 185 14 Interbank rotes ot 3pm yesterday: Ltcil ielUrste MM HHt of fOfflfR CHrrmcy M Oner a reeeportlr US dolor Storing pound Auttratan dolor NZ dolor Canodtan dolor ***** 3.1428 1 3705 1.0479 1 5659 2.1730 3.1465 1 3733 1 0506 1.5672 2.8196 7.3469 ***** 3 4286 3.4206 -22.97 -57.22
        185 words
      • 426 14 BA Futures DECEMBER E*r*d#Uar opened two ticks higher yesterday at 93.83 but came under selling pressure as the US was said not to be cutting its discount rate. The December contract traded down to 93.81 but turned around on a report that Bundesbank's chairman would attend the coming council
        BA Futures  -  426 words
      • Article, Illustration
        360 14 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels yesterday in quiet afternoon trading. Among short-dates, overnight firmed 1/8 point at the outset but remained unchanged subsequently to close at 6-1/8 6 per cent. Week fixed was steady at a high of 8-1/2 6-3/8 as the turn of
        360 words
      • 183 14 HONGKONG: The metal closed lower yesterday in fairly active trading, mainly on profit-taking. Dealers said the theory that gold was due for a technical correction was gaining popularity as the American currency held firm, but added that the US$4OO per ounce level should show substantial support. Bullion ended at
        183 words
  • Page 14 Advertisements
    • 98 14 I 1* it candlelight dinner to relive the warm and shared feeling. A moment made rich with the happiness of love. And the full works of wine, roses, cake on the wagon and a reminiscent shot taken of the golden night. Amidst serenading minstrels "Los Vlajeros", the "Liso Singers" and
      98 words

  • SHARE INFORMATION
    • 4176 15 THE GROSSLY -oversold position of the Singapore market induced investors and speculators to go bargain hunting yesterday. Rises were seen across the board as gaining issues outnumbered lasers by 129 to 36. Prices had opened firm and remained so before they softened
      4,176 words
    • 216 15 SINGAPORE Rises MM* HUp 468 5 9H OC,C YVurrr 430 ICS 670 *—•'"I 5 M—<— MM 278 EEL 0 Saa* Sfc*ari 234 %T St Falls 'D KmmI 400 StM foUm 80 CI Hiliii 126 Spar* 8ai 352 unt r- no Maa«i M 50c 62 +22 20 15
      216 words
    • 3166 15 BID and offer price* officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of ritarea traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,166 words
  • Page 15 Advertisements

  • COMPANY NEWS
    • 507 16  -  Original plans rejected by Hongkong exchange and commissioner By AMY CHEOK CRUSADER INVESTMENTS Ltd is submitting a fresh and detailed application for its acquisition of gold mining and exploration leases in Brazil although the Hongkong Commissioner for Securities, Ray Astin, has said he
      507 words
    • 556 16 MBT BORROWINGS OF DUNLOP Malaysian Industries (DMIB) at the group level have been halved during the 18-month period to June 30, 1986, while gearing has dropped from 11 per cent to 5 per cent. DMIB chairman Datuk Seri Syed Nahar bin Tun Syed Sheh
      MBT  -  556 words
    • 375 16  -  By CHAN Ol CHEE DUE TO POOR BUSINESS, Cold Storage (Malaysia) Bhd has closed three of its supermarkets in Kuala Lumpur which have been incurring continued losses. Together with a sharp jump in its share of losses incurred by an associated company, 'CSM,
      375 words
    • 386 16 Reuter BROKEN HILL Pty Co Ltd (BHP) would find it hard to equal its record 1985/86 net profit of A 5968.20 million in the current year ending May 31, 1967, chairman James Balderstone said in Melbourne yesterday. BHP's first quarter net earnings fell
      Reuter  -  386 words
    • 392 16 SHARE PRICES rebounded on the Kuala Lumpur stock market yesterday but trading remained quiet as investors were reluctant to make new commitments. Although bargain hunters sought selected stocks, buying support waned towards the close and many counters consequently closed off-best. Plantation stocks attracted fresh interest and
      392 words
    • 1995 16 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded Am In brackets in lots at 1,000 units unless otherwise specified. IGUSTRIALS Acmo (1806) xd Aiioowolo (3026 3065) (1) 300 Alcom
      1,995 words
    • 152 16 FEDERAL Cables, Wires Md Metal Maaafaetariag Berkad: 19th AGM at 5097, Mak Mandin Industrial Estate, Butterworth, today at 9am. KAMPONG Lasjst Tla Dredging Berkad: 58th AGM at the PNB Theatrette, 2nd Floor, Menara PNB, 201 A, Jalan Tun Razak, ***** Kuala Lumpur, Malaysia, tomorrow at 10.00 am. THE
      152 words
    • 108 16 HONGKONG Hongkong Index Tuesday 1254.63 Monday 1230.79 Week ogo 1213.25 Hong Song Index Tuesday 1992.60 Monday 1953.60 Week ogo 1927.97 All Industrials Tuesday 1922.9 Monday 1906.8 Week ago 1914.3 NEW YORK Dow Jones Monday 1793.45 Friday 1762.51 Week ogo 1767.58 TOKYO Nikkei Average Tuesday Closed Monday ***** 30
      108 words
    • 230 16 Mono9«rs' pric«s for Sep 24 First B'putro S#cond B' putro 9 4.83 4 88 4.43 4.48 Singapore Unit Trust Tha Cormwci 0.90 0.97 The Sovngi Fund 0.79 0.85 Spore Prog Fund 0.36 0.40* S'por* Sac Fund 0.60 0.65 S'por* Invest Fund 0.64 0.69 S'pore Equity Fund 0.45 0.49
      230 words
    • 494 17  -  By AMY CHEOK CASINO OPERATOR Genting Bhd's interim financial results indicate it is holding up quite well in the face of a slowdown in the Malaysian economy. However, the half-time performance of its plantation subsidiary, Asiatic Development Bhd, was badly affected by the slump
      494 words
    • 184 17 WI CARR SONS and Company (Overseas) Ltd, the stockbroking division of Exco International PLC, in which local hotelier and financier Tan Sri Khoo Teck Puat is the major shareholder, has agreed to pay about HK$l5 million to acquire a 30
      184 words
    • 188 17 LEONG HUAT ladastries Ltd: Group losses after interest on borrowings and depreciation of $417,000 ($952,000) on turnover of $931,000 ($516,000) for the six months ended June 30. Loss per share was 5.6 cents (12.7 cents). No interim dividend has been declared or paid for the period ended June
      188 words
    • 85 17 REPLYING to queries from the Stock Exchange of Singapore, Keppel Corporation Ltd said the purchase consideration of 115.75 million for the sale of a 40 per cent stake in Malayan Motor k General Underwriters was arrived at on a willing buyer/willing seller basis. It said there was no
      85 words
    • 168 17 A ONE-DAY SEMINAR for first-time punters and investors who want to know more about stock market investments will be conducted on Oct 18 by the author of The Trend Principle, Mr Wong Yee. Among the topics to be covered are the reasons why fundamental analysis
      168 words
    • 1000 17 Reuter SHARES opened higher in what dealers described as a technical reaction to the sharp gains on Wall Street overnight. By 0815 GMT, the FTSE 100 Index had extended Monday's advance by a further 8.3 points to 1,625.4. On Monday, the FT 30 Index closed 13.7 points higher
      Reuter  -  1,000 words
    • 480 17  -  By CHAN Ol CHEE INVESTMENTS in foreign currency deposits have paid off handsomely for departmental store operator Robinson k Co, which has just reported an impressive two-fold increase in group pre-tax profits for the year ended June 30, 1986. Robinsons, which has traditionally relied on
      480 words
    • 232 17  -  By NAJEEB JARHOM AFTER HAVING taken the trouble to get shareholders' approval, Samanda Holdings Bhd has aborted its acquisition of 3.04 million shares representing 62.6 per cent of Central Industrial Corp Sdn Bhd (CIC) for MJ6.09 million. The termination was mutually agreed upon
      232 words
    • 662 17 MALAYSIAN FINANCE Minister Daim Zainuddin, who said last Saturday that his family would sell its stakes in United Malayan Banking Corporation (UMBC), is in the midst of selling another business interest his holding of about 30 per cent in Raleigh Bhd. Last Saturday Mr
      662 words
    • 164 17 RALEIGH BHD did not go ahead with its proposed purchase of a 20 per cent stake in UMBC because it would complicate Finance Minister Daim Zainuddin's plans to divest his substantial stakes in the company. Chairman and chief executive of Raleigh, Tajudin Ramli,
      164 words
  • Page 16 Advertisements
    • 133 16 BARCLAYS Financial Forum for Expatriates MR BASIL BUSH, a Senior Manager of BARCLAYS BANK PLC, JERSEY will be in SINGAPORE a t for the period 29th September to 2nd October 1986 inclusive. He will be accompanied by MR JOHN MUNDY, Assistant Director, of BARCLAYTRUST INTERNATIONAL LTD, JERSEY for the period
      133 words
    • 99 16 r FOR SALE BY TENDER 1 Following abandoned cargo ex. m.v. "GOLDEN CITY" arrived Singapore 24 July 1986:225 ctns (3,900 dozen) glassware 54 ctns "ANCHOR" brand electrical accessories 3,000 rolls "CAMEL" brand Asphalt roofing felt, 1 M X 20 M 10 cases aluminium ware 20 bales bath towels 279 ctns
      99 words

  • Page 17 Advertisements
    • 338 17 NOTICES la the Matter ti The Campaaies Act, Cap. 185 la the Matter at KEDAK INVESTMENT PTE LTD (la Members' Valaatary j Uqaidatiaa) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court #04-15, Singapore 0617 on Friday, the 19th day of September,
      338 words
    • 202 17 DO YOU WANT TO KEEP IN TUNE WITH DEVELOPMENTS IN THE STOCK MARKET? Then read on The Securities Industry Act 1986 came into force on 15 Aug 1986 What are the implications of the Act on the stock market, the stockbroking industry, banks and the public? How do the regulations
      202 words

  • 284 18  -  Training for Chinese to be explored By SOH TIANG KENG Financial Corraapondant A SIX-MAN delegation from the Singapore Society of Accountants leaves today for a 20-day study mission in China. The SSA will look into the possibility of helping the Chinese train more accountants
    284 words
  • 266 18 THE DEVELOPMENT of China's tax system is to be assisted by Singapore's Commissioner of Inland Revenue, Hsu TseKwang. Mr Hsu has been appointed adviser to the General Tax Bureau, the government fiscal body in China, it was revealed yesterday by the
    266 words
  • 435 18  - Sharing the good times and the bad with staff first By ANNA TEO EMPLOYEES should hear important company news before the public and not just the good news. Bids or orders lost and problems facing the company should also be shared. This is one of 13 recommendations made by a
    435 words
  • 329 18 Be mama FORMER Malaysian Chinese Association president Tan Koon Swan's status as a Member of Parliament can only be determined if he is allowed by Singapore to return to take his oath in Parliament. Sources in Kuala Lumpur said yesterday that he had
    Be mama  -  329 words
  • 149 18 Reuter CHINA yesterday signed contracts with French and British companies for a US$2.5 billion nuclear power station on Hongkong's doorstep which is opposed by many people in the colony. A flourish of signatures by bankers, businessmen and officials on China's big-gest-ever deal with foreign interests
    Reuter  -  149 words
  • 319 18 Reuter THE US INFLATION rate continued at a moderate pace last month but new orders for big-ticket items fell sharply. The economy benefited from cheaper energy costs as consumer prices increased a scant 0.2 per cent in August after
    Reuter  -  319 words
  • 295 18 THERE HAS BEEN a significant drop in favour of Hamburg in the rating given to Singapore by international bankers. But it is its hotel accommodation they are judging, not its credit risk. The latest poll taken by the Institutional Investor magazine shows
    295 words
  • 84 18 Reuter THE FORMER chief of Hongkong's commodities exchange admitted yesterday that he had stolen shares worth HK$5.2 million from customers. Peter Scales, a former stockbroker, pleaded guilty to theft of shares from customers of Wustock Brokers in 1962 and 1983, court officials said in Hongkong.
    Reuter  -  84 words
  • 82 18 Reuter COMEX GOLD FUTURES fell on active profit-taking and possible new short selling yesterday morning following Monday's strong close. Gold for delivery in December lost US$7.2O at U*****.00, matching Monday's low. Silver futures cut losses on scattered buying by dealer houses after the market made a
    Reuter  -  82 words
  • 56 18 Reuter WALL STREET stocks turned mixed early yesterday after advancing earlier on strength from the bond market, which rose on news of continued low inflation and a larger-than-expected drop in August durable goods. The Dow Jones Industrials Average fell two points to 1791. Advances led declines six-to-five
    Reuter  -  56 words
  • LATE FILE
    • 70 18 Reuter THE BRITISH pound sterling dipped to a record low on foreign exchange markets yesterday as the government forecast a sharp drop in North Sea oil revenues for the current financial year. The pound fell to an all-time low of 69 per cent of its
      Reuter  -  70 words
    • 53 18 Reuter US TREASURY SECRETARY James Baker has acknowledged that there are differences between the US and the European Community finance ministers on the dollar's current level. He had said last week that the dollar needed to decline further in the absence of additional measures to promote
      Reuter  -  53 words
    • 55 18 AFP THE LAUNCHING of Indonesia's communications satellite Palapa B-2P by a US Delta rocket next year will cost twice as much as sending it into orbit from a space shuttle as originally planned. Telecommunications Minister Achmad Tahir said that the ISB7 launch of the satellite
      AFP  -  55 words
    • 37 18 Bernama MALAYSIA yesterday urged the Indochinese foreign ministers to take another look at the contents of the eight-point proposal by the Coalition Government of Democratic Kampuchea to solve the Cambodian problem. Bernama
      Bernama  -  37 words
    • 34 18 UPI CHINA'S official Communist Party newspaper yesterday criticised a recent boom in hotel construction which had resulted in an oversupply of rooms and a surplus of rooftop revolving restaurants.
      UPI  -  34 words
  • Page 18 Advertisements
    • 45 18 No. 1 of course. The best for less v The lesser at best I oeated along CVeil Street. (Veil Court oilers qualit\ otliee spaee at the most eompetitive rates. ("ome. let us gixe \ou a eondueted tour ol the building. Call: 532 3888 224 7255.
      45 words
    • 144 18 I w r <« i ROOM RATES. FIVE STAR HOTEL FIVE STAR VALUE No minimum stay requirements, no special pre-requisites, no gimmicks. Offer valid till 31st December 1986. Stay in the luxurious Century Park Sheraton Singapore and enjoy 5-star service in an atmosphere of quiet elegance. Ideally located atop exclusive
      144 words
  • Page 18 Miscellaneous
    • 57 18 Outlook: Showers over several areas in the pre-dawn hours and clearing by late morning. Rep. art for 24 hours prior to 7.30pm on Sep 23 at the oirport: Maximum temperature 30.5 Associated humidity 70 Minimum temperature 22.8 Associated humidity 96 Hours of sunshine 3.20 Rainfoll in millimetres 5.7 Rainfoll this
      57 words

  • SHIPPING TIMES
    • 298 19 DUTCH COMPANY Van Ommeren will begin a new Far East-Europe liner service next month to carry lumber, sawn timber, plywood and other forest products. About 500,000 cubic metres of cargoes are expected for the first year, says Mr SD Lim, general manager of
      298 words
    • 375 19  -  By LINDA CHEE A COURT OF investigation has been appointed to examine the circumstances relating to the sinking of the Hoelien on Oct 14 last year. The 3,277 dwt general cargo ship sank in heavy seas about 21 kilometres off Terrigal, north of
      375 words
    • 215 19 AP DIRECTORS of 32 insurance companies operating in Arao states in the Gulf opened a meeting in Kuwait on Monday in an attempt to set up an Arab insurance consortium that would serve as a competitive substitute for international underwriters. The premiums
      AP  -  215 words
    • PORT SIDES
      • 101 19 MULTIPORT SHIP Agencies Network has announced two new appointments to their board. Jonathan Beard, member for Turkey, and Abdul Hamed Bokhari, member for Saudi Arabia, were both elected to the board, replacing the members from Lebanon and Mauritius who stood down after completing their three years
        101 words
      • 69 19 Reuter FOUR JAPANESE patrol boats were fighting a fire aboard the Panamanian-registered freighter Maria Oldendorff, 9,331 dwt, outside Kashima port north of Tokyo, a spokesman for the Japanese Maritime Safety Agency said. No injuries were reported among the 25-member crew. The spokesman said the fire developed
        Reuter  -  69 words
      • 69 19 Reuter THE PRIVATELY-HELD Worldwide Shipping Group has ordered a 250,000-tonne crude oil tanker from Hyundai Shipbuilding and Heavy Industries Co Ltd of South Korea for US$39 million, a company spokesman said. He said the order is the first for five years by the group, which is
        Reuter  -  69 words
      • 84 19 Reuter ORIENT OVERSEAS (Holdings) Ltd said a Hongkong court has adjourned a hearing of a petition filed by Credit Commercial de France to wind up the company. It said no date was set for a further hearing and that progress is continuing with efforts to restructure
        Reuter  -  84 words
    • 1216 20 CHARTERING started the week on the London shipping freights market in low-key but apparently without any damage to the firmer rate structure. Little representative grain fixing emerged besides the Dreyfus payment of US$l2 (fio) for an unspecified November-December loader to work 52,000 tons from the US Gulf to
      1,216 words
    • 654 20 Reuter AN INTERNATIONAL endorsement by west and east of maritime security guidelines has given a boost to the global search for ways to prevent hijackings of cruise liners. The guidelines were drafted by Washington immediately after the Achille Lauro incident 11 months ago In
      Reuter  -  654 words
    • 665 20 UPI WHEN THE 1,500 crewmen of the US battleship New Jersey went ashore in Japan recently, they were warned of two perils: antinuclear demonstrations and the rising yen. Of the two, the strong yen and with its withering effect on the
      UPI  -  665 words
    • 916 20 AB Shpg V 5 Accord Shpg VI 3 Afea Line VI 3 Ahrenkiel Liner X 1 AMtrans VII 3 AC Toepfer X 5 Anro Service IV 2/3 Arrow Lines X 4 Atlas Line X 3 ANL 1 1/2 APC Lme V 4 APL HI 2/3 ASCL III
      916 words
    • 175 21 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services ••K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      175 words
    • 181 21 AFP CRIMINAL Investigation Department (CID) officers at Mombasa have seized a consignment of arms in a container addressed to a church organisation in Kenya, The Standard reported in Nairobi on Monday. The paper quoted sources at Kilindini Port in Kenya's Indian Ocean city of
      AFP  -  181 words
    • 450 21 DETAILED DISCUSSIONS are to be held on a new merger plan involving seafaring unions in the United States. Approval to go ahead with preliminary work has been agreed by the two large ratings' unions, the National Maritime Union and the Seafarers International Union,
      450 words
    • 551 21 AFP THE RECENT rally in rates on major grain routes appeared to level off initially during the past week on the freight market, where shipowners were still hoping for a boost in earnings from the autumn shipment season out of North America. But confirmation that firmer rates had
      AFP  -  551 words
    • 201 21 Reuter DIRTY TANKER rates to the Far East from the MidEast Gulf are expected to weaken this week due to adequate tonnage available in the Gulf, shipbrokers said. About 50 tankers, almost half of which are VLCC's and ULCC's, are likely to be
      Reuter  -  201 words
    • 172 21 Reuter MITSUI Construction Ltd of Japan has signed an US$lB.5 million contract with the state-owned Ceylon Petroleum Corp, CPC, to build an oil storage facility near Colombo, CPC chairman Daham Wimalasena said. He said the 160,000tonne facility is part of a US$35-million
      Reuter  -  172 words
    • 113 21 RICHARD T Soper is the new president and chief operating officer of the American Bureau of Shipping (ABS). Mr Soper, executive vice-president of SeaLand Service, will assume his duties with the international ship classification society effective Nov 1, 1986. William N Johnston will continue as chairman
      113 words
    • 6591 26 3®aßs)qEß A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      6,591 words
    • 722 27 AT CONVENTIONAL WHARVES VnnI Bwrth Arrival D*partur« KEPPEL WHARVES Bmtong Serio K25E alongside 24 9/1800 Equator 4 K22 alongside 249/0300 Gold Stream K29 alongside 24 9/2100 Sunny Pine K18 alongside 24 9/1630 Zhuongyun K15 alongside 249/2300 Apmon 1 K16 249/0600 259/0700 Barber Texas K9 24.9/0400 259/0100 E'tern
      722 words
  • Page 19 Advertisements
    • 795 19 ClliimlHTs W !M V 1 )u !i< Ml.il OOCL OifflffOvEnyis Cudeitm Line i maosE avns agehces (*»i 2*2*4/ on) AJWIS. 200 Cantonment Road #12-05 Southpouit Seaport 0208 let *****11 TELEX NO RS ***** TERMNM./CFS 3200 218 TO 220 BOOKRGS 3200 234 TO 235 PfSAM IMDM MWt AGEHCES SM. M> PETALMG
      795 words
    • 70 19 tcbudb AN INTERNATIONAL endorsement by west and east of maritime security guidelines has given a boost to the global search for ways to prevent hijockings of cruise liners. Pag« II DETAILED DISCUSSIONS are to be held on o new merger plan involving seafaring unions in the United States. Pag« 111
      70 words
    • 1173 19 lid 0 FEDERAL ~%£r9 PUBUCAnONS Jjfc ofj/ THE HEART OF THE DRAGON MAERSK LINE M if FAST TRANSIT SINGAPORE/HULL SINGAPORE/TILBURY SINGAPORE/FEUXSTOWE SINGAPORE/SOUTHAMPTON SINGAPORE/DUBLIN EMOUTH nilll 'Mi I ;1 i f .1: 19 DAYS 19 DAYS 21 DAYS 21 DAYS 22 DAYS Voy S" pore EXPORT TO USA. EUROPE. m m-j.
      1,173 words

  • Page 20 Advertisements
    • 216 20 ■\r O T TATTT 1 yamashita-shinnihon line W I J I l\ Fi THANS-PACIFIC SERVICES Atlantic/Canada Feeder at Nagoya STRAITS FEEDER BEMBIMM JIU—rv'ni:\^rmrrmnrmfetm nrTTnranra I mBBB! iii bfin—mifiebm nw FTTTI HB B7U rannUM Kflf nTTM ID!M ILW Ll^nW foe USA Port*. nra--rrmn MIDDLE EAST Full Container Service (A member of
      216 words
    • 500 20 n:=y.' «:^£y Supercarrier Service TO: PANAMA US WC/EC/GULF E. CANADA CARIBBEAN C. AMERICA 4. 20/0 25-28/1 1/11 15/11 1/U 11/11 10-13/10 10/10 */U 10/11 20/10 25-20/10 1/U 25/11 2/12 11/11 10-13/11 10/11 10/12 17/12 dH HI HI .WSTMULi—JL—JIC^I 0/11 10/11 23/11 25/11 12 I 0/12 11/12 12 124/12 20/12 Mm
      500 words

  • Page 21 Advertisements
    • 1047 21 The Straits Steamship Group STRAITS SHIPPING Singapore to Satoah, Sarawak, Brunei Ports and Bangkok OGL Overseas Containers Limited COHTAMRSHP SCTWCES TO/FROM BAN6KOK kitano MMU OSAKA MT BtnCN EXPRESS BENAVON MARANGI MT an of eomukh FRAMFMT EIPRESS CARDIGAN MT KITANO MARU S prt PJOwc 26/9 20/9 M/ 10 M/ll 12/11 14/11
      1,047 words
    • 872 21 Franco Belgian Services ~r t ,«.r hr,n. hr. I. i« <I h 11. It: 1.1 n/.1 r I -1 <rn lin. (MEMBER OF ACE CONSORTIUM") HOMO TO awe cor mo samp mow naort STCH P KUMK Lt Harvt I«m fStew Ha BUnes M 21 Sept (24 Sept) 15 Oct lt
      872 words

  • Page 22 Advertisements
    • 270 22 II t Hapag-Lloyd TO CONTINENT/UK EXPORTS Hm4 tatoft to nlMd dnHuti CspMiisftft, AJHSB, Githnfeivi I I SmOi lam -Agents SEGANI Sinjapore *****66 K. Lunqw Boofant *****78 P. Kei** FreifW *****00 CFS CFS *****72 Ptnanf Ternmi *****33 *****25 *****8 *****8 *****7. *****2 *****3 t.iii.;,M».a INTERNATIONAL freight forwaroers CONSOLIDATION SERVICE WEEKLY Singapore:
      270 words
    • 527 22 FULLY CONTAIN ERISED SERVICE "TO FURORE VIA SUEZ Mfmbff ol thf Acf Conswtiu™ FROM tUROPE VIA SUEZ A Mfmb ,he cf Cansorhuni mil Y CONTAINSRISfO 10 PROM NORIH AMTRICA WtSI COAST CONVENTIONAL SERVICE TO IRAN/PERSIAN GULE GENERAL AGENTS: CROWN MARINE CO (PTE) LTD TEL: *****5S Unoo) SUB-AGE NTS: Kuala Lumpur
      527 words
    • 420 22 ILL Hai Sun Hup Co (Pte) Itd TEL *****06 (20 Linesi TLX RS ***** RS ***** J ft. I \SII RN( \K I l\l K. I I D STRAITS/ JAPAN/STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS SKI AKEBH SOU MATCHMM HHNCE OML SKI NAGOYA Loadnf at appropriated Berth P4-P5 NOTE:
      420 words
    • 808 22 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) OUTBOUND feeder *a scp Mono va lax »c sn w m no QUEST 25/1 DMCT 21/11 24/10 EWR GUIS! 25/1 MPM APOUO 24/10 M/ 10 27/11 no golden l/ia no gentry 21/10 n/it US WEST COAST no GOLDEN
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  • Page 23 Advertisements
    • 1017 23 q/iirriiiu 1. iini'jo, n cuncau»j 9 uvptvuiwi r \V PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 i: FAR EAST CONTAINER SERVICE VESSEL MAJAPAMT GOWA SINGA SIN JKT SBY SIN HKG KAO *TCH KEE BUS *MUR *HTC YOK KOB KEE SiiM SMM 25/8 2S/9 01/10
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    • 1023 23 BENLINE CONTAINERS EXPRESS corn WO SERVICE TO UK/CONTVCTT EXPRESS CONTMNER HAM BWVENRVAM HAVRE STON Bremen Eipreu SjM SIM Benaror Saied SjM Mjvmfi Bit SjM SJM City ot EMwfk 25/9 27/9 Frn*h»l Eiprcu 4/11 5/10 Cjt*jn Bit 12/11 14/ It Tokyo by 14/10 It/II Moo Mara 17/11 19/10 Ouka Bit 27/11
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    • 484 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYI FX BESURI LLOYI FX SAMUBEBA INOCMESIA e P.T. TBKOiA LLOYI EXPRESS SEMI CONTAINERSHIP SERVICE SINGAPORE TO EUROPE STCK BILBAO BOKH aWM/TDMI KMC GAKtt BHMTI 5-7/11 4/12 1/12 11/12 14/12 Yl4-0N I «ran 24-20/10 4/12 J/12 11/12 14/12 ISTOW BUM tUMI/TDMI tMTMtMT
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    • 427 23 BOUSTEAD SHIPPING AGENCIES *3A +MYTTKTEI MM 2 MAWIAMYAMG V32W PA-AH VIOOW 2 meroi run HTTTKTO MM V27CV ava turn PAGO VI4N LOAOMG FOR QMK) IV BURMA FIVE STAR (Burmese National Line) Loading for Rangoon PKeianj Penanj Banjtok 22/23 Sapt 25/27 Sept 25/27 Sapi 0/0 Oct 8/7 Oct 1/11 Oct 1/7
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  • Page 24 Advertisements
    • 1288 24 USA CANADA >TL«ITIC COAST (Round Th* Work) Sante*) Kline KAWASAKI KISEN KAISHA, LTD. 1 C. R. PARIS V6E/N CONCORD Vl4 0. LEGEND IWEN STORE 30 Sap 9 Oct 17 Oct LB 25 Oct 2 Nov 11 Nov CHLS 6 Nov 14 Nov 22 Nov NFK 7 Nov 15 Nov 24
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    • 647 24 a AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Feedet PM** Liner Vessel S pore MHb Fro* Sf*i Atso Accepts ISUCIimR V 7 30 Sept RAMOAS n 6 Ocl 21 Oct 30 Oct n Oct AM Bris lAIABAR m 16 Oct CMANDCAS V 22 SNo. 20 No. 2S No. 27 No.
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    • 750 24 GOLDEN LINE GUAM GUAN SHPPWG (PTE) LTD 21. IM »r* IM smutm lIM m MUMS <i 9 «J) STRAITS/PERSIAN GULF SERVICE: s*™ P Mailt Ptna*| OBlnm muni Colombo Mud* Doha/B*'*" 4/9 Od CHMA OCEAN SWPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CMNA 'j- W.IU •PWI fmmt Sfn (jrtda Slur I
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    • 476 24 INTRASEA (PTE) LTD 10 Anson Road e27 16 Internationa 1 Plaza Singapore 0207 Tel *****T 1 1 1 O L-nesl VOAAfiIAIIVX o BREAKBULK SERVICE TO EUROPE/UK S port P. Mm Itor--2/10 NANTES/ROT/ANT/UK (I u anuu (Pit) lib Boons amu K WINK JMHMt CO SM. M 71*711 Phb RWTANC SWPW CO
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  • Page 25 Advertisements
    • 855 25 S pore NEPTUNE MENCCS PTE. LTD FE EU/AABT TPA/SEA UNa (Nc« Inwl CTS 000UNGS *****77 *****5J *****42 *****77 *****22 *****53 OR OMECT LMES *****19 *****11. Far award fra«M <n«m pitas* caO *****44 MiN NEPIM SON. WD. 3689M7/*****45/J6OOSS3/*****26 K im** lOUNE SON. BHD. *****71/*****34/*****35 Ptnang NEPIM SON. M. *****9/*****5/*****0/627U1/M7OS2 \\NEPTUNE ORIENT
      855 words
    • 423 25 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN, INCHON )nul m Oram M7N N> t Dnan/MOH Hi I Douai U7N Mi CM (IMi) No 7 Down MW lb Daunt tOIN IW/M7 (Maria) lb i Onm/OOM fe I Dnaa/MMN SP<*H »UNIS NIPUJ*# AGJNCIfS Plf 110
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    • 630 25 I m sinsov SINGAPORE SOVET SHIPPING CO PRIVATE LTD SMSOV BULDMG 55, Martet Street Snfapore 0104 Tel: *****33 (15 lines) T Cable Address SMSOV SMGAPORE Telex Nunbers RS ***** RS ***** RS ***** f mm N/S SMMtKAT NAM SOON SON. BM>. IST AND 2ND FLOOR. NO 1 JALAN CEMPENWG PORT
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  • Page 26 Advertisements
    • 374 26 REGIONAL CONTAINER LINES TO BANGKOK (4 SAILINGS A WEEK) SEA DRAGON r '-'I.: 1 ira ira "iram CSE3B ,E53 rrrv v- 'mvm^nwßnMißrziwnEi FJf f-KUiTI h ii —i mi n f'n■! 'i 1 ■ii;i;ii iwiroror lOZ3E2SI irymrmgr iifflf rorar TtH/Ffi I 9-10/10 Sit/Sun 11-12/10 S» 12-12/10 14-15/10 TO SOUTH THAILAND HI
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  • Page 26 Miscellaneous
    • 155 26 Regional Weather v* w i T, i m m K Ik t I tc C (J Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R. Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots Rain Wave height
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  • Page 27 Advertisements
    • 229 27 REGULAR LINER SERVICE TO INDIA/BANGLADESH PORTS. KHUN KAEK" PAISI DESTINATION TBN CALCUTTA AGENTS: SEACUPPER SHIPPING A ENTERPRISES PTC LTD 90. C*d Str«*t #15-01 DUNN HOUSE TEL: 223*556 (3 LINES) OCEAN BRIDGE SHIPPING PTY LTD. FREMANTLE REGULAR SAILING TO FREMANTLE/PT. HEDLANO MV (€l£R COAST ETA ETC 1/10 General Agents: IlllltOV Shipping
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    • 618 27 CORMORANT BULK VANCOUVER B.C. CANADA NXMESIA, USA MO CMUOA NEST COAST CONVENTMNAI SERVICE 10AMK FOR HANCOUKI B.C. ar*n* PAD PAL KLA SAtMA MCtOftT 10-12/12 IVU/12 21-23/12 OTMA lOMNNC PORTS SUBICT MDUCnCNT NJOKSIA/ NXA CONVENTIONAL SERVICE lOAOMG FOR MAO*IS HALMA MBIT SURA CmM TC/MOR PTR KLA rm. HICTORY 11-11/11 12-11/11 14-IVM
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    • 659 27 c/V C LINES WEEKLY FCL LCL CONTAINER SERVICE STORE |BXK HKG KM) KE£ KOB MOI BUS TAO YUAN ¥602 28/9 30/9 6/10 7/10 1/10 12/10 1 3/10 14/10 KUO LUNG VMS 1/10 4/10 10/10 12/10 13/10 17/10 11/10 19/10 VE LAN ¥602 1/10 11/10 17/10 19/10 20/10 24/10 25/10 20/10
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  • Page 28 Advertisements
    • 584 28 FINE-LINER SHIPPING PTE LTD TEL: *****52, *****62, *****82 TLX: R*****1 FLINER ACCEPTING FCL, LCL 4 CONVENTIONAL MIDOLF FAST SFRVIPF 29/9. 6/10. 10/10 DUBAI, BAHRAIN. MUSCAT, DOHA. DAMMAN. IS/10 KUWAIT ABU DHABI HONGKONG/CHINA SERVICE 30/9, 1/10 XMGANG. BEIJING. TIANJM, SHEKOU, SHANGHAI. 14/10. 24/10,31/IOGUANGZHOU, WHAMPOA 24/9.1/10, BANGKOK 25/9 MADRAS AUSTRALIA 30/9, 2/10
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    • 438 28 HEAP SENG TRADING SHIPPING PTE LTD 6001 BEACH ROAD #13-01 GOLDEN MILE TOWER SINGAPORE 0719 TEL NO. *****22 (3 LINES) NO. RS ***** HEAPCO FULL CONTAMER SERVICE TO PORT KELANG/ ttssa vot w sro« m«c i ANSON SAIID 25 W1 ANSON 71 StPT 2» »T ANSON VMSM JO SCTT/1 OCT
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    • 530 28 C.Y. LINE (A Member 01 The ACE Consortium) CHO YANG SHIPPING CO. LTD FlllY CONIAMERISED S£»WC£ 10 [UHOPC (VU SU> Sf«N HAS BUDGE W7W memo* mow CD TOKYO Vt* tarn 1/11 1/10 U« (slow* M°ta| Br««r. Antwerp 13/10 14/11 14/10 11/10 10/10 71/11 20/10 21/11 22/10 25/10 20/10 21/10 27/10
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    • 729 28 Everett Lines COMPAMA PERUANA DE VAPOREES (CJ>.V.) "PERUVIAN STATE LINE" iMdmt to( Ca*ao Matarani to and ji other Pfturun ports with transhipment «t Kobe On CPV Throufti Bills ot lading to foul destination Penanf Smfapore JOMCVEKTT 4/7 Od MUMATTVOttTT 11/21 Oct THOMASOEKTT 5/6 Nrt "EVERETT ORIENT LINE" j JAPAN/BAY OF
      729 words
    • 211 28 ZIM 'n:rci i ■m*?nr r :*^T carioct to USA East I (test Cms). CarftkuOal Cmtit FQnniW MMUB ILi MT 10/11 11/11 M.ILK 1311* n.ujt mijt 1.12J1 4.12J1 ::r zw eilat container line m cm us m mz nts vi M QUI 1/11 17/11 22/U 24/11 27/11 VU 4/11 211 KMMMK
      211 words