The Business Times, 2 June 1987
1987-06-02
1
26
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The Business Times
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Title Section12 1987-06-02 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, JUNE 2, 1967 75 CENTS12 words
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Article, Illustration170 1987-06-02 1 Exchange rates THE Singapore dollar closed weaker at $2.1245/55 ($2.1185/95 on Thursday) against the US$ yesterday. It also closed softer against the HK$ and but firmer against the M$, yen, DM. and Swiss franc. US$i 145.35/45 yon, 1.8365/75 DM, S$2.1245/55 £> US$1.6185/95 M$« S$84.68/76 Owmm marfcak "WO*170 words
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627 1987-06-02 1 LEE HAN SHIH - PWD has up to six months to award contract By LEE HAN SHIH Property Correspondent A GROUP of contractors, led by Bocotra Construction and including publicly-listed Lee Kim Tah, handed in the lowest bid for the city portion of the Centrsl Expressway627 words
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Article, Illustration248 1987-06-02 1 AFTER the extended weekend holiday, the Singapore stock market surged ahead to hit another record high on a new wave of active buying. Buyers came back in force and were present throughout the day in their hunt for good buys. Keen interest248 words
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130 1987-06-02 1 Bernama ES BANK NEGARA governor Datuk Jaffar Hussein yesterday denied that the central bank had proposed to the government to establish a special bank to help the troubled deposit-taking cooperatives. He said thst the centrsl bank was studying vsrious options to resolve theBernama ES - 130 words
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377 1987-06-02 1 MARTIN SOONG - By MARTIN SOONG "OVER THE HILL at 30" may be true after all, according to a recent Labour Miniatry survey which says that unemployed workers aged 30 and older remain jobless longer than their younger counterparts. And when they do find employment,377 words
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245 1987-06-02 1 Reuter DEMAND for dollars essed on Indonesisn forsign sxchsngs markets yeeterday aa the country'» central bank moved to prop up its bsttersd currency. The Foreign Exchsngs Bourse (BVA) reported total turnover of US$24 million, down from U*****.2 million on the previous banking day. BankReuter - 245 words
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Article, Illustration545 1987-06-02 1 THERE ARE always black sheep in «vary legitimate, weil-mean-ing organisation who would exploit it for their own purpose, pointed out Foreign Minister S Dhanabelan yesterday. Hence, he is disturbed by the reaction of some church leaders who seem unwilling to recognise the fact545 words
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Page 1 Advertisements
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Advertisement107 1987-06-02 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM mT COMPUTER V 4 Sony's latest Video Projector. Now Compatible with more Computers. Connect even to the big Mainframe. And it has Multi Scan to project a wider variety of graphic display, up to 100 inch. Designed for PAL/SECAM/NTSC systems as well. Only Sony107 words
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Advertisement322 1987-06-02 1 Auditors and their roles AN AUDITOR is expected to approach his work with a healthy degree of professional scepticism, and a careful audit would catch flagrant mismanagement or negligence. But as the collapse of the Pan-El group of companies had demonstrated, this time-honoured practice among accountants may need something more.322 words
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Advertisement108 1987-06-02 1 Ikon THE WORLD'S FINEST PHOTOGRAPHIC Far cash in a flash, you've just got to hand it to us. Our new Uniflash service is easily the quickest way to withdraw your cash from any of our 63 branches. Simply present your Unicard at the Uniflash counter and in less than the108 words
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HOME NEWS
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Article446 1987-06-02 2 LOH HUI YIN - Cambodian problem, Asean cooperation to top agenda By LOH HUI YIN A BIRO'S EYE VIEW of what will be discussed at the Asean Foreign Ministers' meeting which Singapore will host later this month was outlined by Mr S Dhanabalan yesterday. Getting Vietnam to stop "exporting its446 words
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299 1987-06-02 2 THROUGH the two recent government restrictions on the sales of Time magazine and The Asian Wall Street Journal, a clearer framework has emerged on how foreign correspondents should cover events in Singapore, said Foreign Minister S Dhanabalan yesterday. Mr Dhanabalan made this observation in299 words
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156 1987-06-02 2 THREE PROMINENT Malaysians will give their views on the recent Umno general asaembly and Its aftermath thia Saturday at the Sheraton Towers. One of the speakers, Or Chandra Muzaffar, is the president of Aliran and a former lecturer in political science at Universiti Saina156 words
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492 1987-06-02 2 MARTIN SOONG - By MARTIN SOONG OIL MAJORS in Singepore today increaae the pump price of both premium and intermediate gradee of petrol by about three cents per litre, the first exercise in independent price setting after the pest eight years of price control. The492 words
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Article213 1987-06-02 2 FORMER PRESIDENT Dev«n Nair will be making what is likaly to ba hi# first public appaaranca in Singapora, upon tha completion of an American fellowship, when he addreeeee members of the National University of Singapore Society later this month. Mr Nair, 63, who213 words
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275 1987-06-02 2 SINGAPOREANS studying in Canada formed the fourth largest group of foreign students in that country. As at July 1 laat year, there were 1,641 Singapore students in Canada, moat of them in Ontario, Britiah Columbia. Manitoba and Alberta. Hongkong275 words
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183 1987-06-02 2 WITH ITS LATEST CUTS in housing loan rates, Shing Loong Finance has joined Credit POSB in giving the beet rates for firsttime home owners. The finance company's new rates are 6.25 per cent for term loans of up to 10 years and183 words
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Page 2 Advertisements
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Advertisement322 1987-06-02 2 rv^i WMJJaZ* '*4£ V «S v-:. >: L 1 1 ■V :f- m V' 5 sm The airconditioner that cools this area and later this area or this fii i ■•> <• i. r» Mfif S^< 1 I: y/, T J a V JP P 5? ''5> X/i in tact,322 words
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ASIA – PACIFIC
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549 1987-06-02 3 NYT GOVERNMENT AUTHORITIES reported yesterday that Sri Lankan forces havs nearly completed their goal of securing a strategic staging area and supply base used by the four-year-old Tamil guerilla insurgency in the north. Reports of the apparent success of the six-day military operation inNYT - 549 words
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Article819 1987-06-02 3 ARRIVALS Operator Scrvk* Local From numtoor time MAS MH7240 0025 KCH su. SQII 0045 IAX/NRT UTA UT5469 0100 NOU CAL a341 0155 TPf J At J1617 0215 TYO FT FT75 0316 IAH/ORD/ANC/ CAl NRT/MNL/TPE 0333 0405 TPf MAS MH681 0620 KUL SV SV398 0635 JED/RUH mXs MH811819 words
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252 1987-06-02 3 Reuter ISRAEL'S central bank has said that a general election could damage the progress in the country's economy achieved since an austerity programme was introduced two years ago. Bank of Israel governor Michael Bruno said yesterday that the austerity programme imposed inReuter - 252 words
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380 1987-06-02 3 AP ISRAELI Foreign Minister Shimon Peres has said in an interview broadcast on Sunday that it will be a tragedy if Israel misses "an unparalleled opportunity" for international Middle East peace talks. He said he still hopes to force an early electionAP - 380 words
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Article250 1987-06-02 3 AP IN ITS LATEST MOVE to ease trade friction, especially with the US, South Korea yesterday announced tariff cuts for 50 additional import items ranging from cigarettes to mechanical shovels. Officials at the Finance Ministry in Seoul said the cuts range from 5 per centAP - 250 words
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457 1987-06-02 3 AFP BILLIARDS is the name of the game and Japanese youngsters may wait three or four hours, sipping soft drinks or harder stuff at the bar, standing by for their chance to show what they are made of on the billiards' table. Billiards, playedAFP - 457 words
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396 1987-06-02 3 Reuter NEW ZEALAND may suffer in the short term for its liberal reforms but the government should stick to its course and its economic performance will improve in the long run. The Organisation for Economic Cooperation and Development's annual review of the country'sReuter - 396 words
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161 1987-06-02 3 Reuter AUSTRALIA'S opposition leader John Howard said yesterday that conservative forces, now in disarray. will unite in a strong bid to defeat Labour Party Prime Minister Bob Hawke in general elections on July 11. Mr Howard said yesterday that hia urban-baaed Liberal Party and theReuter - 161 words
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Page 3 Advertisements
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Advertisement85 1987-06-02 3 f I Y|l I f I The person's choice, every I I II 111 I Tuesdoy, Thursday, Soturday ond I Mm 1 m\ %l II M Sunday. Leaving Changi Airport at V-*/JL Vv>/J. JL 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Travel85 words
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Advertisement171 1987-06-02 3 o c i Mr\tts Los Angeles every morning. Korean Air flies non-stop from Seoul to Los Angeles every single day. And we arrive at 10:30 every morning. So you'll get there in time to put in a full business day. Plus, every Tuesday, Thursday and Sunday, we have another non-stop171 words
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Page 3 Miscellaneous
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Miscellaneous47 1987-06-02 3 Doonesbury ANDPtPMR rLL HAVE TO DO A *£A6Mmr SCMRXTHfiT,S&i--whsecoßp Mwx.isrmmup ON OTHER. ACAXTOONKXKOU OCCASIONS? WIUISCARCH. tA a r r [i r 4 i BY GARRY TRUDEAU am, f-B-BACK! V V .2 7/ MMTOASTHB QUESHON AGA/N? 1 GOT CAUGHT UP IN Ve CARTOON. 0 s r^Mi Ev s47 words
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REST OF THE WORLD
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458 1987-06-02 4 NYT THE AMERICAN economy's rate of growth increased sharply in May, according to a monthly report released on Monday by the National Association of Purchasing Managers. The report stated that 34 per cent of the responding managers in various industries reported gains in newNYT - 458 words
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251 1987-06-02 4 Reuter BRITAIN'S opposition Labour Party, recovering in opinion polls from attacks on its non-nuclear defence policy, has changed election tactics to focus on Prime Minister Margaret Thatcher's tough leadership style. Polls still favour her ruling Conservative Party over the leftwing Labour Party inReuter - 251 words
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218 1987-06-02 4 Reuter UK INDUSTRIALISTS expect output to stay buoyant in the next four months, after seeing orders in May at their best level for 10 years, according to the latest monthly survey by the Confederation of British Industry (CBI). "These strong results reinforce the growth patternReuter - 218 words
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389 1987-06-02 4 AFP SOUTH AFRICA faces the prospect of spiralling unemployment feeding off violence and instability, Frans Cronje, a leading businessman, warned on Sunday. Mr Cronje, chairman of several major South African companies, said in an article for the Sunday Times, the country's largest newspaper,AFP - 389 words
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191 1987-06-02 4 AP HARVARD UNIVERSITY, beset by student demands that it sell investments in companies with ties to South Africa, now faces an alumni group's bid to spur divestment by electing members of a school governing board. Harvard officials dismiss the campaign as an irresponsibleAP - 191 words
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Article, Illustration494 1987-06-02 4 AFP THE US GOVERNMENT is struggling to inject new strength into the Baker Plan to aid debt-ridden Third World economiee ae it prepare* for next week's seven-nation economic summit in Venice. Several recent developments threetened to deflate US Treasury SecretaryAFP - 494 words
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446 1987-06-02 4 AFP A FICTION for some but a marvel for more than 3,000 Ecuadoran consumers, "Alen", a natural powder aaid to cure infirmitiea, fight malnutrition and avoid premature aging, is gathering more adherents each day. Natural Special Food (Alen) ie a "metabolic harmoniser" discovered end producedAFP - 446 words
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Page 4 Advertisements
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Advertisement547 1987-06-02 4 7.7 32.5 43 720 2\ 8 2nd Pan-Pacific Computer Conference (PPCC-2) The most important IT conference to be held in Singapore Will run concurrently with Singapore Informatics^. Principal speakers include: Alan Kay, Apple Fellow, Apple Computer Patrick McGovern, Founder Chairman, International Data Group Stan Shth, President, Multitech Corporation, Taiwan Jae-Un547 words
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Advertisement48 1987-06-02 4 LSTUS TRAVEL Backad by 30 yMr« o< experience WHOLESALER AIR tickets for major airlines to Europe, U.S.A., Japan, Australia and other S.E. Asia countries. HOTEL accommodations world-wide TOUR programs to China, Europe... For MrMM rMM A pralnaton MrvtoM. piMM Ml *****77 '6-flafflee Quay 81-36/37 Hong LeonpßUß TAtt ©*****7748 words
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COMMODITIES
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Article282 1987-06-02 5 RAS prices >• In bah m NOON CLOSE Ivjftfl Sfliri Buyers 5# Hen M 1 RSS from* 210.00 211.00N 212.00 213.00N IM 1 RSS My 87 206.00 206-50 208.00 208JO h* 1 RSS Aug 204AQ 204-50 206.00 206JO hr 2 RSS or 196.00 198.00N 198.00 *****N M282 words
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Article69 1987-06-02 5 JULY 87 AUGUST 87 RAS (currant rnonlh} NOON (forward month) NOON SMUn Svy«n SMhn ssc 30 1C0J0 U2J0N 1WX50 182 JON rTTTTl 17* JO 1C0J0N S*San 179-50 ISO JON SMtCV 249.00 *****N Mftjp *****N SMI L 250.00N ***** 251.00N SMC 5 215J00 217j00N 216.00 21 LOON SMC69 words
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Article123 1987-06-02 5 IHC MUCt Of TW on Hm Kuala Lumpur tin market doaad unchanged at laat week'» Mtlt.72 par kilo af|M ||AyLy| bammmilU w*wwig uiova iwfTvwry In moderate trading. The marfcat waa eloaad from lof noiio«ytiAlter Mia long break, tha marfcat atartad at Hi preview Mtlt.72 which attractad 12t tonne»123 words
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Article180 1987-06-02 5 HONGKONG: CloMd TOKYO: Yen-denominated gold future» cloeed three to 19 yen per gram higher in light trading, except for dietant April which loet eix to 2.177. International bullion waa U*****.30/80 an ounce against U*****.80/1.30 at the opening here. LONDON: Gold waa fixed at U*****.90 yeeterday after- noon, down180 words
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Article298 1987-06-02 5 SINGAPORE Tha markat eloaad higher yesterday with July t RSS buyara quoted at 208.00 centa/kilo, up 3.00 centa from laat Wedneaday. Tha morning aeaaion gained 2.50 centa on aome speculative buying of nearby postiona in moderate trading. Short covering coupled with apeculative buying in the afternoon cauaed prices to298 words
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Article234 1987-06-02 5 Chineee Produce (oi-mMt Mj/tonno) Exchange M wyw *****/***** S*n' noon dodng prt 1 (SS/100 kg) G>conut oil cot an Palm kernel oil (KM MS/100kg) ki baft (local) 79.00 M KM I&00 Cocoa OM drvnt KM 102.00 Nw dfwi. FOC 9t£0 (KM MS/t0Mo) Copra Mix*d |Iom) logon Datok 3A30J00234 words
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Article268 1987-06-02 5 Gwde palm oN Mne cloeed mixed yesterday on the Kuala Lumpur Commodity Exchange in quiet trading. There waa some light buying support at lower levels, but otherwise the market waa quiet aftar the long Hari Raya holidays. Spot month June was down Msl to cloee at Ms73o per268 words
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580 1987-06-02 5 NYT THE BOARD of the Commodity Exchange in New York has voted to remove limits on how much the price of its gold, silver, copper, and aluminium contracts can fluctuate in any single day. which had been a basic feature ofNYT - 580 words
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Article96 1987-06-02 5 GASOIL firmed on recent bueinees at a higher price coupled with a Sri Lanka tender award at U5521.30/barrel FOB S pore. But sentiment was not bullish as demand remained sporadic and supplies improved into June. Keroeene waa virtually dead. Fuel oil was stable. Naphtha was marginally weaker96 words
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164 1987-06-02 5 Reuter THE LONDON Metal Exchange (LME). the world's leading market in zinc, copper, aluminium and lead, has introduced a new trade clearing system, designed to reduce the risk of financial looses. Dealings will be guaranteed by a control body. The International Commodities Clearing HouseReuter - 164 words
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Page 5 Advertisements
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Advertisement20 1987-06-02 5 f Philippine Airlines THE CHARISMA OF THE FILIPINA. IT COMES AND IT SHINES ON EVERY FLIGHT. mm VHERE DEEP WITHIN.20 words
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WORLD BACKGROUND
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Article, Illustration876 1987-06-02 6 G-7 nations unwilling to change policies to stop fall in US$ AP LEADERS attending the Venice eoonomic summit from June 7*lo will try to find a way to halt the US dollar's rapid decline, but analysts doubt that the talks will produce any major breakthroughsAP - 876 words
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Article, Illustration644 1987-06-02 6 Reuter EARLY LAST DECEMBER, a White House planning team visited Rome to start work on the most complex logistical exercise the US government ever attempts short of a military invasion a presidential trip abroad. Preaident Ronald Reagan's June 3-11 visit to Italy for the annual economicReuter - 644 words
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Article, Illustration715 1987-06-02 6 UPI THE TYPICAL Chadian soldier makes US$l25 a month when the government can afford to pay him, wears sunglasses and sneakers, drives a Toyota pickup truck as his main attack vehicle and doesn't bury his victims. He sleeps in the desert. HeUPI - 715 words
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Article, Illustration675 1987-06-02 6 AP THE THREAT of overseas competition and pressure to reduce a huge trade surplus are forcing Taiwan to chart a new course, with some risks, for its booming economy. "We're thinking," Economic Affairs Minister Lee Ta-Hai said in a recent interview. "It's s good timeAP - 675 words
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Page 6 Advertisements
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Advertisement50 1987-06-02 6 FULLY REMOTE BUT HOPELESS ON CHANNEL 5y 8 OR 12. Vr NOW GRUNDIG MAKES SHAVERS AS WELL AS TV S INCLUDING ONE WHICH RE-CHARGES WITHIN 30 MINUTES TWICE AS FAST AS ANY OTHER SHAVER AVAILABLE CHECK OUT THE GRUNDIG SHAVERS AT YOUR NEAREST DEALER OR CALL 336 3477 \|KUI IUIU50 words
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Advertisement65 1987-06-02 6 W:'ve got the name for car rental in Rrirain SWOODS from: £63 per wk CAR RENTAL. Unlimited mileage inclusive VAT Over 20 year's experience Fleet size 1,000 vehicles, all less than one-year okJ Best service at competitive prices Also available self-drive holidays (car hotels) in UK. ANGLO FRENCH TRAVEL SCENIC65 words
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Page 7 Advertisements
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Advertisement104 1987-06-02 7 How to evaluate an architect Incorporates your needs and aspirations into an effective plan Anticipates your future requirements to minimize costly alterations and additions Has maintained long-term relationships with clients Applies innovative ideas and technology to solving problems Specifies quality materials and scrupulously supervises execution Concerned with initial capital ouday104 words
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FEATURES
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Article505 1987-06-02 8 IT WAS A long-drawn-out affair, lasting, depending how one chooses to look at it, 50 hours or 14 months. On Hari Raya Puasa last Friday, civil aviation officials spent the night in tough negotiations with their Canadian counterparts. The latest round of talks had begun505 words
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Article, Illustration1409 1987-06-02 8 ELAINE KOH - Introducing audit committees appears to be a promising solution Following the swift and total collapse of the Pan-El group of companies, the Singapore Society of Accountants set up an inquiry into the role of auditors. ELAINE KOH discusses this fundamental question. ELAINE KOH THE STAID profession1,409 words
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Page 8 Advertisements
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Advertisement240 1987-06-02 8 E Discover the legend this summer. Ten different ways. JL amper yourself on a superb value-packed mini summer vacation from June Ist to September 15th. Because that's when Mandarin Oriental Hotels are offering ten great ways to discover the legend in some of the world's most exciting gateway cities. Each240 words
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Advertisement16 1987-06-02 8 ITAYGOLF THE SEVYY WAY up your Let Sevvy B.illesteros show you hov. In BT every Tuesday.16 words
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Page 8 Miscellaneous
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Miscellaneous701 1987-06-02 8 CRYPTIC PUZZLE ACROSS 3 Name made by Gabor, as a star (5) 8 A certain amount of metrication (5) 10 Like the weather in Ayr, posaibly (5) 11 Possibly eat and drink (3) 12 Like a novel house (5) 13 Dealt with the cards put on the table first (7)701 words
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SPORTS
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914 1987-06-02 9 AP THE SERVER can dictate the pace. The server can move an opponent around and pick the point of attack. The server is supposed to have the edge. After dropping the first set 6-2 to Sweden's Joakim Nystrom in the fourth round yesterday, Ivan Lendl, defendingAP - 914 words
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354 1987-06-02 9 AFP THE £450,000 English Derby in Epsom, England, on Wednesday looks like being a benefit day for English race horse trainer Henry Cecil. Not since Frank Butters had four riders and the first two finishers in 1936 has any trainer been in suchAFP - 354 words
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Article, Illustration336 1987-06-02 9 Reuter THE battered Boston Celtics, trying to become the first team in nearly 20 years to repeat as National Basketball Association (NBA) champions, limp into the Los Angeles forum today to begin the finals against their arch rivals, the fast-breaking Lakers. Boston, whoseReuter - 336 words
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599 1987-06-02 9 UPI TONY TUCKER has the only title missing from Mike Tyson s collection, and Tyson is coming after him. Tyson and Tucker, winners by knockout in championship bouts last Saturday night, will return to Las Vegas on Aug 1 to unify their titles.UPI - 599 words
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478 1987-06-02 9 Reuter TOP NAMES in the French Oper tennis championship have fount the fanatical local support some times as much of a threat as ttw skill of their lesser-known oppo nents. Cheered on by a tireless home crowd that packs a coun whenever aReuter - 478 words
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Page 9 Advertisements
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Advertisement48 1987-06-02 9 zrf M njAEGER-LECoiJLTR^ K.f :0J 1 L'O 1 I Moon phases" p-nts' model by Jaegerl*' Coultre Aut<>matic movement with complete calendar. Available in SINGAPORE: 1 Sincere Watch Pte Ltd Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: C.I.L. Centre Hilton Hotel Woo Hing Bros (M) Sdn Bhd48 words
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Page 9 Miscellaneous
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Miscellaneous1191 1987-06-02 9 to m mm TUESDAY PREMIERE Nobody's Child 10.30pm, Channel 5 Love and encouragement overcomes mental illness in today's movie which is based on a true story. Mario Thomas's (left) portrayal of a woman who takes charge of her life after twenty years in a mental institution won her an Emmy1,191 words
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INTERNATIONAL COMPANY NEWS
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642 1987-06-02 10 Conservative approach to managing capital NYT MONEY MANAGERS typically pick stocks or bonds for their client portfolios. But Brouwer Janachowski, an investment advisory firm in San Francisco, invests in no-load mutual funds. "We analyse mutual funds much the same way other professional investorsNYT - 642 words
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474 1987-06-02 10 NYT A GROUP of investors that owns a 13 per cent stake in the Allegis Corp has said that it would continue its campaign to gain control, despite the company's plan to borrow heavily and pay shareholders a hugeNYT - 474 words
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115 1987-06-02 10 Reuter AUSTRALIA'S largest retailer, Coles Myer Ltd. said its quality clothing unit. Country Road Ltd, will be sold and floated as a separate company. Country Road will offer 31 million 50 cent par ordinary shares and 3.5 million 11 per cent convertible notes atReuter - 115 words
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302 1987-06-02 10 Reuter PEUGEOT SA has launched an offer of 1.57 million shares with warrants attached at a price of 1,700 francs a share to raise 2.67 billion francs of fresh funds. A company announcement, confirming reports of the offer late last week,Reuter - 302 words
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467 1987-06-02 10 NYT GENENTECH INC. the closely followed biotechnology company, suffered a blow lest Friday when an advisory committee of the US Federal Drug Administration recommended that the agency not approve the company's longawaited drug, TP A, for use in treating victims ofNYT - 467 words
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Article126 1987-06-02 10 UPI THE AUSTRALIAN Ministry of Defence has signed a A 5367 million (US$246 million) contract' with a British company for the supply of radio equipment to the Australian army. The Plessey military communications company said yesterday that it will build a new tactical radio communicationsUPI - 126 words
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Page 10 Advertisements
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Advertisement401 1987-06-02 10 im m Wm« id wi m, dine aai esteriala mw c 17 buffet selections daily, with limitless cups of tea and coffee. Try our nonya kuehs, ice-kachang, tau-suan, curry puffs, mini pizzas, noodles, pies. French pastries, ice- cream and fruits. If these sound good, there's more. Six local favourites, anything401 words
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Advertisement171 1987-06-02 10 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. The Melody tend from the Philippines entertains in their inimitable style. The171 words
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ASIAN STOCKS
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Article447 1987-06-02 11 TOKYO: Share prices climbed to their third straight record close in active trading yesterday as purchases of securities houses' shares sparked a broad-based but modest advance. The market index gained 91.19 points to a record closing of 24,992.78 after earlier climbing to a record 25,097.46. On Saturday, the index447 words
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Article81 1987-06-02 11 s 3 KIM A. Mintnl Oriental B 0 039 0 002 0 0625 ***** 0 52 Anglo Phil mux B 0 01 006 0 001 Ptcop B Atlas Con. B. 29 PLOT 455 0.5 Bagulo Gold San Mtguai B 140 2 Basic Pafrolaum 0.014 0 001 Saafront 0.019 0.00181 words
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Article492 1987-06-02 11 SYDNEY: The Australian share market closed higher in quiet trading yesterday, lifted by selected support for industrial stocks, brokers said. Resource stocks tended to drift lower wfth overseas investors remaining on the sidelines. By the close of trading the All Ordinaries Index was 6.1 points higher at 1,776.7 and492 words
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Article111 1987-06-02 11 JUNE 01 WON Kal 1470 ***** 40 Chail Sug*r ***** -200 Kta Motor *****0 0040 Daaiim Ind ***** -000 2100 Oa«woo Corp 1190 30 2309 -31 Dmww Haavy ***** -f 340 Lucky Lid 1406 11 Daiahln Sacuritiaa Dong Ah Ptiar 3036 ***** 49 320 Ortantal Brewery ***** ***** 200111 words
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Article162 1987-06-02 11 Reuter BANGKOK: The Stock Exchange of Thailand Index gained 1.78 points to 270.85. Turnover totalled 1,409,540 units worth 364.6 million baht. The Book Club Index was up 1.59 at 242.37. Reuter The Hongkong and Taipei markets were eloaad yesterday. JUNC 01 Ao Kham That IAMT Poat Pubiiahing Saha UnionReuter - 162 words
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259 1987-06-02 11 Reuter INDUSTRIAL EQUITY Ltd (lEL) would consider making a takeover bid for retail group Woolworths Ltd if requested by other shareholders, lEL chairman Ron Brierley said yesterday. "Any company that approaches us to be taken over, they will find the door open. WeReuter - 259 words
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130 1987-06-02 11 AP JAPAN STEEL WORKS Ltd, a major manufacturer of steel products, has signed a contract with an Iranian state-owned plant equipment maker granting it licence and technological cooperation in producing parts of an oil refining plant in Iran, a company official saidAP - 130 words
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197 1987-06-02 11 Reuter A SENIOR Toshiba Corp executive has said he hoped the alleged illegal export of high technology equipment to the Soviet Union by a Toshiba subsidiary would not hurt the parent company's exports to the US. Toshiba's 50-per cent subsidiary Toshiba Machine CoReuter - 197 words
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95 1987-06-02 11 Reuter MIDLAND INTERNATIONAL Australia Ltd and the State Bank of Victoria will sail their joint shareholdings in retail finance company Associated Midland Ltd to Equiticorp Australia Ltd, a unit of the New Zealand-based Equiticorp Holdings Ltd. They have accepted an undisclosed Equiticorp offerReuter - 95 words
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Article130 1987-06-02 11 Reuter TOSHIBA CORP is expecting a group net profit of 38 billion yen for the year ending March 31, 1968, up, 11.2 per cent from a year earlier,' assuming an exchange rate of 140 yen to the dollar. Mr Osamu lemura, a senior vice-president,Reuter - 130 words
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198 1987-06-02 11 AFP TOYOTA MOTOR CORP remained Japan's top ordinary profit-earning company in the business year which ended March 31, despite a 25 per cent fall in its pre-tax profit The Nikkei Data Bank survey, published on Sunday, showed Toyota's ordinary profit totalled 488.3 billion yenAFP - 198 words
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141 1987-06-02 11 AFP JAPAN'S leading computer maker Hitachi Ltd and the US supercomputer maker Unisys have agreed to jointly develop a new multi-pur-pose supercomputer. The Japanese newspaper Nihon Keizai Shimbon reported yesterday that Hitachi had decided to link up with Unisys to develop a new supercomputer, to beAFP - 141 words
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Page 11 Advertisements
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Advertisement444 1987-06-02 11 dim ms& 1 Level 4, Paramount Hotel Marina Parade Road Singapore 1544 Tel: 344-5577 LOCAL FOO j s; M At the Vfrtfetie^rmnd We feature various local specialties. We recommend... THE HAINANESE CHICKEN RICE $7.00 Served with Piping, Hot Chicken Soup with Bean Curd. HOTEL GRAND CENTRAL 22, Orchard Road/Cavenagh Road,444 words
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Advertisement159 1987-06-02 11 AURW-IWirW NEW Peking 4 Sichuan Rmataurant tHfnim f > HOKKIEN-PORRIDGE fS DINNER/SUPPER Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 oQ++ Dinner/Supper Time: 7pm 3am v n, >« 10% service charge ft 3% government tax not tncJoded. ji MOfKI V V 19159 words
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BANKING AND FINANCE
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Article, Illustration216 1987-06-02 12 Reuter FORMER World Bank president Robert McNamara has urged western leaders at next week's economic summit to increase the bank's capital reserves to promote its catalytic role in Third World development. "The catalytic role of the World Bank is absolutely fundamentalReuter - 216 words
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571 1987-06-02 12 Reuter COMPANIES offering variable life insurance policies, introduced in Japan in October. look set to report sparkling results when they report on fund performance later this month, say fund managers of major insurance companies in Japan. The managers said yesterdayReuter - 571 words
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412 1987-06-02 12 Reuter MEXICO will set a ceiling of around US$l.5 billion for foreign debt conversion in 1967, and is studying rule changes that would expand the scheme later on, Deputy Finance Minister Francisco Suarez Oavila has said. Addressing a Euromoney conference in Mexico CityReuter - 412 words
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123 1987-06-02 12 Reuter AUSTRALIA'S broad money supply rose 7.6 per cent in the year to end-April after rising 8.9 per cent in the March year and 15.1 per cent a year earlier. The country's Reserve Bank said yesterday that the annual rise in the aggregateReuter - 123 words
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Article777 1987-06-02 12 Seemingly promising technique faces many obstacles NYT A PROMISING TECHNIQUE for dealing with the Third World debt crisis the exchange of bank loans for ownership in companies in developing nations still faces many obstacles two years after being hailed as a breakthrough. And anotherNYT - 777 words
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207 1987-06-02 12 Reuter POLISH Finance Minister Bazyli Samojlik has blamed high interest rates for contributing to half of the country's foreign debt, which he says totalled US$35 billion. "Today Poland's indebtedness amounts to some US$35 billion, but... only a half of the sum was spentReuter - 207 words
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MONEY AND EXCHANGES
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Article958 1987-06-02 12 SINGAPORE: The US dollar closed sharply firmer against major currencies yesterday but was slightly below the day's high, after moderately active trading. Dealers attributed the dollar's sharp rise to buying by Japanese institutional investors as well as European interbank and commercial buying. It closed sharply higher at 145.35/45958 words
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Article56 1987-06-02 12 Treasury bills (mod rec* (MUM) Issue code Maturity Yesterday's yield MD OF«* »Q ***** N 1 27.8.87 2.65 2.55 RS ***** A 26.11.87 2.88 2.78 Singapore government bonds Issue Coupon Maturity 1 ndicative Yield code rate dosing (offered price rate) N*****0Z 3.500 1.6.1989 99.***** 99.50 N*****0H 5.37556 words
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Article177 1987-06-02 12 US$ omt mo 7 6ayt 7 6 7/8 1 month 7 3/16 7 1/16 2 montfa 7 1/4 7 1/8 3 mm«h> 7 1/4 7 1/8 6 monlhi 7 7/16 7 5/16 9 iimiltn 7 11/16 7 9/16 12 monUi *7 7/% 7 3/4 S Ft Dm177 words
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Article, Illustration175 1987-06-02 12 Indicates the average of tli* pflrM rates of 12 major banks in S'pore Interbank market rates (offer/bid) on June 1 us$ DM SWFC Y«n 7 6myt 7 *7/i 9 7ft 3 7ft 3/4 3 3/4 3 1/3 3 13/1* ll/l* I" mth 7 3/1* l/l* 7 ft175 words
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Article48 1987-06-02 12 THE OVERNIGHT rat* on the Singapore interbank market yesterday oloaed 3% points lower from Thursday's dose. The term rates each shed 5/16 point S$ Interbank rates at 7pm yesterday: orrm uo Ow7% 2 1-M* 4K 4* 2-mmth 4% 4 3 4 4« Oyemlghf mod* 3 X48 words
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Article703 1987-06-02 12 SEPTEMBER Eurodollar opened sharply higher at 92.22 in Singapore yesterday after Friday's gains on news of Japan's 6,000-toil-lion yen package to booet domestic demand. Prices edged higher on s firmer US dollar in thin trading due to yesterday's closurs of the Hongkong msrkst. Lifts saw furthsr buying intsrests with703 words
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Page 12 Advertisements
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Advertisement378 1987-06-02 12 NOTICES REGIONAL AUTOMATION SERVICES PTE LTD (incorporated in the Republic of Singapore) (in Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act Cap, 185 the Final Meeting of members of the Company will be held on Monday 6th July. 1987378 words
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SHARE INFORMATION
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Article, Illustration4255 1987-06-02 13 THE Singapore stock market surged forward in a day of frenzied buying yestsrdsy. Relentless buying drove the Strsits Times Industrisl Indsx up 20.33 points to closs st s record 1,240.50, while the BT Composite Index ross 10.05 points to 1,106.0. Volums stood4,255 words
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Article237 1987-06-02 13 SINGAPORE Ritas Indices Sm VWW OCIC 326 970 540 4*2 31 25 25 22 ITCaa*o*a •TO* OS IT CADI •T 10-day MA Mar 2t 10*744 14* 57*7 -5*33 Jim 1 1106.99 250 -566* -5*0* Cm W 254 t 1 A t liftMll| k J MO 1*2 1420237 words
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Article4359 1987-06-02 13 WO and oner pries* officially lMad and bualnggg In and reported to toa Stock Exchanga <*. Singapore yaatorday «Hi la number ol aharaa tradad ahovn In bracbato In loto at 1,000 unlto unlaaa otoonatoa gpectood. All Time laM»mant CorHracto are quotod aftor toe word "SETT"4,359 words
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COMPANY NEWS
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Article, Illustration406 1987-06-02 14 MBT OVER the next two to three yeara, Cold Storage Malaysia (CSM) will gear its efforts towards upgrading and modernising its various manufacturing operations, says its newly appointed chairman, General (Rtd) Tan. Sri Ibrahim bin Ismail. Moves have also been taken to increase theMBT - 406 words
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455 1987-06-02 14 SHAfeE PRICES on the Kuala Lumpur Stock Exchange powered ahead yesterdsy in anothsr scintillating round of heavy trading. dtocks schieving new peaks Uttered the boards. Support wss noticeable right from the opening bell when prices surged ss buyers returned after the Hari455 words
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197 1987-06-02 14 MBT SAN HOLDINGS' auditors have qualified the latest accounts of the company, stating that the issued capital recorded in the register of members exceeds the actual issued capital by 25,000 stock units of Msl each. In addition, the accounts of subsidiaries San DevelopmentMBT - 197 words
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Article2859 1987-06-02 14 BID and offer price* officially listed and business la and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots at 1,000 units unless otherwise specified. Industrials Aono *****1 Cd AJnomoto 0545) Ahem 1905) 157) 0?2,859 words
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Article155 1987-06-02 14 AMCOL ELECTRICAL INDUSTRES Limited: AGM at No.7 Fourth Chin Bea Road. Singapore 2261 tomorrow at 10am to be followed by the EGM. EU VAN SANG HOLDINGS Limited: 14th AGM at 65 Chulia Street #19-00, OCBC Centre, Singapore 0104 tomorrow at 12.30pm. LEE KIM TAH HOLDINGS Limited: 5th AGM155 words
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Article114 1987-06-02 14 HONGKONG All Industrials Hoogkoog Index Mondoy Oos*d Friday *****9 WnI ogo 1884 57 Hang Seng Index Monday Ootod Friday *****0 WMk ogo 2926.10 Monday ***** Friday ***** WMk ago ***** NEW YORK Dow Jones Friday *****7 Thursday *****8 WMk ago 2243.20 TOKYO h n il .1 A arn114 words
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Article203 1987-06-02 14 Manogcn' pricM MARA-Bumlputra for Jun* 2 fm rpxwa 6 SB 4 A3 Sheopor. u* W \siST 52 Tfca Cowrco I II If* Fourth I'putro i.0 154 J*» Sov-W fwd ON ISO fiWi S'putra 1ST U2 5 poro Prog Fund 0« OS) So* R putro 3.» IB 078 OB203 words
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Article, Illustration191 1987-06-02 14 MBT DAYAPI INDUSTRIES expects its property development, quarry and pre-mix businesses to face continuing difficulties this year, according to chairman Tengku Puteri Lela Wangsa binti Sultan Haji Ahmad Shah in her latest annual statement. She said wholly-owned Sri Serdang expected to sell most ofMBT - 191 words
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Article125 1987-06-02 14 Bernama ES GOLD COIN (Malaysia) Bhd yesterday said its proposed bonus issue of eight million new ordinary shares of Msl each will incresse its capital base to a level which will reflect more closely the underlying value of the sssets smployed and its operstions. TheBernama ES - 125 words
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339 1987-06-02 14 MBT TOSHIBA Electronics Malaysia (TEM), expecting a healthy demand for semiconductors in the regional market, has plans to invest substantially in its semiconductor ssssmbly test plsnt in Selangor. Managing director Michio Otsuka said the company would invest about Msl6 million beforeMBT - 339 words
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Article, Illustration338 1987-06-02 15 HOMER CHEN - By HOMER CHEN FURAMA HOTEL, the last major asset of Wannian Holdings, has been sold to a company linked to the diversified Samta group for almoet $50 million. The company received a letter of acceptance from Wannian's liquidators, Ernst Whinney, yesterday afternoon,338 words
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252 1987-06-02 15 THE SINGAPORE equity market emerged as the second best performer in the world during the first four months of this year in a world investment review undertaken by international market analysts Philips Drew in May. In local currency returns. Singapore came252 words
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322 1987-06-02 15 BELEAGUERED LEONG Huat Industries's restructuring proposal has been turned down by the Stock Exchange of Singapore. The latest development could spell serious trouble for the manufacturing company which is in the hands of receivers and managers, Peat Marwick Mitchell Co. The rejection came a322 words
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371 1987-06-02 15 AMY BALAN - By AMY BALAN THE PROPOSED acquisition of Gleneaglea Hospital Pts Ltd by Parkway Holdings ia part of ita overall atrategy of identifying and developing commercial opportunities in new growth srsaa. In ita offar prospectus dated May 30,371 words
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Article210 1987-06-02 15 PILECON Engineerings wholly-owned subsidiary, Msncon Sdn Bhd, will acquire the remaining 48 per cant equity in Pilecon Ang Brothers Sdn Bhd (PAB) for MS86.000. The shares will be purchased from Messrs Ang Kin Hai and Ang Chong. With this acquisition, PAB will become a whollyowned subsidiary of Mancon.210 words
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Article1138 1987-06-02 15 Comal ■a •ooka Bali TaM tar TaM tar pOfOMM dtaa Mho pay** 8n yaar tad yaar A I N '3*% NYA NYA NYA 27% 27% A fcurpihw 2%W J» S Jw 17 Jul 3 s% 22% Acme l%Tf Jw 22 Jw 29 J«l 31 1%T€ 4%Tt Amcot AriaMc1,138 words
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Page 14 Advertisements
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Advertisement310 1987-06-02 14 PILECON PILECON ENGINEERING BERHAD J (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Tenth Annual General Meeting of the shareholders -of the Company wtf be held at the Ground Floor, Theatrette, Bangunan MIDF, 195 A, Jalan Tun Razak, Kuala Lumpur on Wednesday, 24th June310 words
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Advertisement22 1987-06-02 14 ADVERTISEMENT inmiiiii rr~ ■in M »m> r m i,i 1 7< 55 1^ /UITNESE 6tB?U6 EXASPERATE me. IP omy mvwiu, *EAJ> MANAGEMENT".22 words
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Page 15 Advertisements
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Advertisement117 1987-06-02 15 PULL AHEAD OF THE COMPETITIONS BT Keeps you ahead of your competitors with the latest corporate developments BT, Singapore's largest business daily, gives you 4 full pages of local and international company news to help you marshall facts information effectively. These statistical pages are a must reading for professionals, executives117 words
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Advertisement188 1987-06-02 15 B GOLD COIN IMTED NOTICE OF ANNUAL GENERAL MEETING Notice Is hereby given that the Twenty-Fourth Annual General Meeting of the Company will be held at its registered office, 421 Tagore Avenue, Singapore 2678, on 24 June 1987 at 12 noon for the following purposes: 1. To receive and, if188 words
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Article, Illustration365 1987-06-02 16 LUCY NG - By LUCY NG THANKS to massive cost savings, the Public Utilities Board turned in a higher surplus iMt year although its revenue ffU because of reduction in electricity and gas charges. The net surplus for the year to Dec 31 was $403.4 million, up365 words
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Article338 1987-06-02 16 Reuter EXILED Cambodian leader Prince Norodom Sihanouk said his country faced mortal danger from the Khmer Rouge guerillas, with whom he is formally allied, should Vietnamese forces pull out Sihanouk, in a message from North Korea released yesterday, vowed not to resume the leadershipReuter - 338 words
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Article, Illustration689 1987-06-02 16 MARGARET THOMAS - By MARGARET THOMAS EVERYWHERE in Singapore, you push buttons when you use a telephone. But in West Germany, or at least in Singapore Trade and Industry Minister Lee Hsien Loong's hotel room in Bonn, you still have to laboriously dial the number you689 words
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268 1987-06-02 16 AFP THE PHILIPPINES has revised its gross national product (GNP) growth to 1.51 per cent in 1966, much more than the earlier estimate of 0.13 per cent, the National Economic Development Authority (Neda) said yesterday. The Neda, the government's economic policy-making and monitoringAFP - 268 words
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312 1987-06-02 16 AFP Reuter LEBANESE Prime Minister Rashid Karami died yesterday when a bomb blasted the helicopter carrying him from hit stronghold at Tripoli, northern Lebanon, to Beirut. The blast, which killed the 66-year-old premier instantly, was caused by an anti-personnel explosive device placed under hisAFP; Reuter - 312 words
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261 1987-06-02 16 FOO CHOY PENG - By FOO CHOY PENG In Luoyang FIRST DEPUTY Prime Minister Goh Chok Tongs interest in tourism cooperation with the Chinese took him to the ancient city of Luoyang yesterday. In a one-day trip to the city, which was the capital261 words
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Article64 1987-06-02 16 Reuter MUSLIM REBELS yeeterday proposed a resumption of talks with President Corazon Aquino's government on autonomy in the southern Philippines, the chief government negotiator said. Emmanuel Petaez said chief rebel representative Habib Haehim had propoeed in a letter that talks be held in Saudi Arabia onReuter - 64 words
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372 1987-06-02 16 UPI CHINESE PREMIER Zhao Ziyang s tour of Czechoslovakia. Eaat Germany. Poland, Hungary and Bulgaria beginning this week is likely to focus on a decline in China's trade with those countries, East European analysts said in Beijing yesterday. TheUPI - 372 words
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Article91 1987-06-02 16 Reuter COMEX gold futures dropped on long liquidation yesterday morning which was spurred by a firmer dollar. In moderate business, spot June gold lost US$7.7O at U*****.50 an ounce, penetrating last week's low of U*****.50 before trimming loeees on shortcovering. Analysts said the selling was notReuter - 91 words
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Article66 1987-06-02 16 Reuter WALL STREET yesterday found comforting news in the dollar and bond markets and moved up accordingly. Special situation stocks, those in real or rumoured takeover or restructuring situations, continued to move up in active trading, traders said. The Dow Jones Industrial Average, down 19 points lastReuter - 66 words
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LATE FILE
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Article45 1987-06-02 16 Reuter AUSTRALIA'S Waterside Workers' Federation has lifted bans on cargo to Fiji which had held up a 9.000 tonne shipment of Australian wheat and rice plus general cargo. The union said the action was based on humanitarian grounds. ReuterReuter - 45 words
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64 1987-06-02 16 Reuter LEADING Dutch bank, Algemene Bank Nederland, is still considering taking action against the Dutch government to recover losees as a result of the 1966 tin crisis, a bank spokesman said. ABN is currently taking legal action to obtain background information on theReuter - 64 words
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Article44 1987-06-02 16 Bernama LONDON'S chief metropolitan magistrate David Hopkin ruled yesterday that Lorrain Osman could be extradited to Hongkong on 41 chargee of conspiracy to defraud, conspiracy to steal, corruption and theft in connection with the infamous BMF-Carrian affairs. BernamaBernama - 44 words
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Article63 1987-06-02 16 AFP TIBET will offer apecial terms to foreign investors in a bid to encourage development of the Chinese-ruled autonomous region. The terms, which include preferential interest rates, tax exemptions and special access to raw materials and energy supplies needed for construction, were announced recentlyAFP - 63 words
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Article37 1987-06-02 16 AFP TAIWAN'S Central Bank of China will freeze local banks' overseas borrowings for two months, effective yesterday, in a bid to curb the inflow of speculative funds, the bank said yesterday. AFPAFP - 37 words
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Page 16 Advertisements
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Advertisement116 1987-06-02 16 Topics foe foreign A TALK ON THE EFFECTS OF THE CO (AMENDMENT) ACT 1987 Directors Annual Accounts Reports e Merger and Share Premium e Financial dealings in own shares and Date: 20 June 1987 Time: 9.30 am 12.30pm Place: Westin Plaza, Enterprise Room 4th Storey Yen Heng Fook a Chartered116 words
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Advertisement125 1987-06-02 16 I M v 1 *'S Paradiz Centre > *8 3& c r r > C a <<? <y <o For Enquiries: CITY DEVELOPMENTS LTD Sales Leasing Agents 36 Robinson Road #20-01 City House Singapore 0106 Tel: 221 2266 or 225 0066 V V 95 95 9> to <0 9> o125 words
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Page 16 Miscellaneous
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SHIPPING TIMES
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Article, Illustration419 1987-06-02 17 THE SINGAPORE Maritime Officers Union is negotiating for higher insurance coverage and better war-zone allowance for its members. The move follows intensified conflict between Iran and Iraq which so far crippled more than 200 ships and claimed the lives of419 words
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258 1987-06-02 17 Seatrade Week THE UNITED STATES Federal Maritime Commission slapped the Port of Los Angeles and Matson Terminals, with proposed fines of US$l million each for not adhering to the strict guidelines of their published tariff agreement for terminal operations. TheSeatrade Week - 258 words
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PORTSIDES
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Article91 1987-06-02 17 CARGO handled by Port of Los Angeles rose 6.5 per cent in the first nine months of fiscal 1986 to 39.1 million revenue tons. The US west coast port posted a 14.7 per cent increase in net income to U5549.6 million which made Worldport LA the nation's91 words
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Article90 1987-06-02 17 THE LAST British-built, steam-driven passenger ship afloat has been sold for scrap. Emperor Peter the Great was built by the John Brown Yard in 1913 for the Russian Steam Navigation Co. After two world wars and two changes of name, she was still in service90 words
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Article146 1987-06-02 17 FT THE Wilbraham family has sold a 75 per cent controlling interest in the North British Maritime Group to Howard Smith, a large Australian industrial conglomerate. The deal values North British Maritime at about £16 million and gives Howard Smith its first acquisition outside AustraliaFT - 146 words
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Article110 1987-06-02 17 UPI THE CHINESE NAVY has achieved an "important break-through" with the completion of its first large-scale naval manoeuvers in the Pacific Ocean, the official China News Service reported. The agency said the 10-day exercise was conducted in midMay by the Chinese East Sea fleet and involvedUPI - 110 words
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457 1987-06-02 18 AP IRAN has seized seven Kuwaiti speedboats in the Gulf and accused the seamen aboard of spying for Iraq in what it called an expansion of Kuwait's support for Iraq in the bitter Gulf war. Iran's official Islamic Republic News Agency, monitored inAP - 457 words
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1083 1987-06-02 18 UK ferry disaster counsellors working to soften the painful memories AP THE FERRY Herald of Free Enterprise has been etched forever in the nightmares of Britain stirring memories of courage and cowardice, orphaned children and a bride-to-be buried in her wedding dress. The ferry's sudden capsizing off the Belgian coastAP - 1,083 words
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102 1987-06-02 18 LIBERIAN-REGISTERED tanker and a Polish freighter, which collided in dense fog on Saturday in the English Channel, are waiting permission to enter Dutch ports, officials said. The tanker Skyron, carrying 137,000 tons of crude oil, was anchored 80 kms off Rotterdam. Although102 words
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Article703 1987-06-02 18 A6 Shpg V 5 ABC Contoiner VIM 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrons VII 3 Anro Service IV 2/3 AN! 1 '/2 APC Lin* V 4 API III 2/3 ASCI M 1 Asian Oceans VI 3 Bolt Canada lin* VII 4/5 Bolt-Orient lift*703 words
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228 1987-06-02 18 UPI OFFICERS on the USS Stark did not execute a standard defence manoeuver before 37 sailors were killed in Iraqi attack on the American ship in the Gulf. Quoting government officials familiar with the Navy investigation of the May 17UPI - 228 words
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Article1116 1987-06-02 18 INSUFFICIENT business developed on the London shipping freights market on Friday to halt the easier trend evident since the middle of May. Soviet charterers reappeared but only on behalf of Cuba, taking the 26,000 dwt bulker Furia on a timecharter basis at U553,500 per day for a trip1,116 words
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Article173 1987-06-02 19 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 AHRO (STRAITS/ AUSTRALIA): Auatralian National Line Auatralia/Straits Container Line173 words
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190 1987-06-02 19 OCEAN TRANSPORT and Trading's recently acquired port consultancy subsidiary, Ocean MacKenzie Ltd. has been awarded two contracts to undertake port and maritime studies in the Far East and Ethiopia. In the Far East, Ocean Mackenzie is to carry out a ports and shipping190 words
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339 1987-06-02 19 Lloyd's List UNITED STATES Lines has been refused permission to sell four of the huge container ships at the centre of its global service. USL has applied to the US Maritime Administration for permission for the foreign sale and registration ofLloyd's List - 339 words
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459 1987-06-02 19 Reuter THE NEWLY-REFITTED Queen Elizabeth 2 docked in Southampton after what the crew called its stormiest North Atlantic crossing in 15 years. Winds of up to 80 kph rocked the liner, throwing passengers and their food across the dining room and forcing CaptainReuter - 459 words
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Article, Illustration110 1987-06-02 19 THE GIGANTIC hotel barge is towed by tug boats off Awaji Shima island, Japan, for a three-month journey to Norway via the Cape of Good Hope. The 34-000-ton barge was built by Mitsui Shipyard in Okayama, Western japan, for Norwegian Company Rasmussen Offshore, at an110 words
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Article241 1987-06-02 19 AFP DEMAND For tonnage in the early stages of the week began to fade as Monday's holiday in the United States and the United Kingdom was followed by breaks in other European countries and in the Far East later. However, London brokers E A Gibson noted that aAFP - 241 words
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7598 1987-06-02 24 seaseroiiß 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 Port7,598 words
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Article372 1987-06-02 25 AT CONVENTIONAL WHARVES VhnI Berth Arrival Departure KEPPEL WHARVES Apocalypsis K33 alongside 02.06/2300 Dang Delima K36 alongside 06.06/2300 Equator 3 K23 alongside 02.06/0500 Hugheverett K27 alongside 02.06/1200 Kota Mulia K31 alongside 04.06/0600 Straits Hope K24E alongside 02.06/0600 Woh Fai KI9 alongside 0406/0600 Alfesani K21 0206/1500 07.06/1500 Angelic372 words
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Article851 1987-06-02 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdna FCL Voy Arrival LCL movamant Ship data/time Oparator cargo achadula Location a Konsoi P 949 *****7 1600 Sea Consort F8 0700-0800 P2 K Chance 31E 02.0687 1600 SCAPl F5A 0700-0000 El Z Willin Toilco 873 02.06.87 1700 Barber F5A851 words
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Article378 1987-06-02 26 Jun« 1-2 A two-day international conference, sponsored by the Journal Cargo Claims Analysis, Crude Oil Shortage Claims to be held at Waldorf, London. Eight leading experts on oil measurement, loss control claims, insurance surveying, litigation and arbitration will delivery presentations on the problems and issues which can arise.378 words
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Page 17 Advertisements
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Advertisement814 1987-06-02 17 How S.E. Asia upset the logical West HILARIOUS. TRAGIC. DANGEROUS jrssi. SB gl»»W0 1 wm ORIENT Overseas CiUaimt LIME NORTH AMCRICA ATI ANTIC EXPRFSS < ROUND-THf WORLD ROOTING) jXjtowc sumac acewcks (R«f. mmijhk) 200 Owtonmart tad #12-06 Sotdfcpon*. Smpon (808 W 22U011 TEIIX MO ***** TQMINAUCFS Til *****11 220 BOOKINGS814 words
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Advertisement88 1987-06-02 17 fvuwAni crtw ofiiinto oy Iranian* lor spying, Paga N IRAN has seized seven Kuwaiti speedboats in the Gulf and accused the seamen aboard of spying for Iraq in what it called an expansion of Kuwait's support for Iraq in the bitter Gulf war. Page II UNITED STATES Lines has been88 words
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Advertisement1081 1987-06-02 17 FESCO LINES FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE MIDDLE EAST SERVICE FAST TRANSIT SIN/RIYADH 11 DAYS SIN/SHARJAH 11 DAYS Ttwa week Anna M Qoamg Tim® CY 3* 2300 MRS CFS 3/6 1300 MRS1,081 words
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Page 18 Advertisements
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Advertisement553 1987-06-02 18 iti&itfflte EUROPE/FAR EAST CONVENTIONAL SERVICE VSL PT. of LDG DATES PT. KL HERUVIM Baltic Port-Hamburg-Antwerp 25-13/6 14/ TBN Antwerp 22-25/S jy TBN Bremen-Hamburg 22-2J/7 2if Further load/ discharging ports en route subject to sufficient inducement. Singapore Office: MTM S pore Tel: *****00 Tlx: RS ***** MTMSEA. Fax: *****45 PT. of553 words
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Advertisement18 1987-06-02 18 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National \tXSZO}, Shipping Association.18 words
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Advertisement286 1987-06-02 18 SENATOR LIMIE mt) IDEHa EIDDBHo! OUTBOUND TO NORTH AMERICA im: ARRIVAL DATES EF» O UK IMI KJI UK EF 7M BJI MjK 27M MM S2J7 Um UJB MJ7 IIJO lUB 15J7 VM EF M UJ7 22 J7 2SJ7 2SJ7 2JJ7 HJ7 ACCEPTING CARGO TO SAN FRANCISCX) LOS ANGELE&SAVANNAH, TAMPA CHARLESTON,286 words
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Page 19 Advertisements
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Advertisement845 1987-06-02 19 The Straits Steamship Group Mansfield Container Shipping Re Ltd (fff i i riK" rpn PJOw| SM M*W| riMna UHi an an an an Z7n an an an a a a a w an mn mp mp mp mp mp an an mp ap up w up an an up w845 words
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Advertisement656 1987-06-02 19 CHARGEURS REUNIS tmn P.Ua Ct KOK <Mi 7 Jot NMATA IMU IS Jot U Jot KOrrttCAKA a Jot a Jot Acaftfcn CAMO tar ChMmp, BtetMi Ilm VnMm Cmt Trfctft 0 Jot a Jot M Jot !M SM IM UM IM KM UM MM ft Cimmm IT BLANC BAtU 10 My656 words
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Page 20 Advertisements
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Advertisement276 1987-06-02 20 CONTAINERSHIP SERVICE TO UK CONTINENT CONV SEMI CONTAINER SERVICE TO EUROPE CONV SFMI CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK CONTINENT 'Agents Singapore *****66 K. Lumpur *****25 Booking *****78 P. Kelang *****18 Freight *****00 CFS *****50 CFS *****48 Penang *****7, *****2 Terminal *****33 *****3 SOUTHEAST ASIA PTE. LTD.276 words
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Advertisement637 1987-06-02 20 K=«" Jl lM' KSjMSB FULLY CONTAINERISED SERVICE [TO EUROPE VIA SUtl lhf Conw'w Sport LaHavrt IT torn FUm H1»r« l'ha»on Aatworp at nit nit Hit Hi* nit xvt BAY tRIDGE ICW 3lt 22* nit 2*t Hl* OK LION GATES BRIDGE S2W 10* m M \fl *P V? 17/6 6/7 W637 words
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Advertisement395 1987-06-02 20 K S LINE JAPAN/HONG KONG/STHAIIS SfcHVllt SANKYO LINE (S) PTE LTD. 143 Ceirf Slifft <M 0 04 GH B.»lAnf S pof f 010b IH 7?l9?bS Poft Krljnf li{j Pmj Siippmt Sdn Bhd Tel 03 *****74 b Pf,in{ MaU»uj Trad* Irjnipoft ltd lei 04 61 7893 Pj->« uudjnf MjUyyjn Sl*pp«i{ Armors395 words
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Advertisement848 1987-06-02 20 EVERGREEN Round-The-World East Bound (FE/C ARIB/USEC/EURO/FE) EVER GARDEN 4fi 27* 2M MH 1/7 I*7 12/7 13/7 I*7 7* M UN 13* IS* 17* Zl* EVER GUARD 12/13/7 W 7/7 1/7 1/7 U/7 2*7 21/7 24/7 IS* 17/1 1M 211 TM 2S* 2W EVER GOING ll*l/711/7U/714/71S/7 24/7a/7Z7/7a|f72l*Z3*24*Z7«M|]34l EVES GROWTH 2S* IC/7848 words
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Page 21 Advertisements
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Advertisement675 1987-06-02 21 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE MAJARAMT OOWA KOTA SMOA SIN JUT MY SIN HKQ KAO KEE KM *HTC *Y«C MOO KM BUS SLD SLD Rl PT 4M SM 1M 1M 1M ISM ISM «2 *52 SM 11M675 words
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Advertisement553 1987-06-02 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT CrtyrtiMar* 7/7 iTON HAM riUVCN ROAM HAVM 54 an an an 1/7 VH 2M 2M l/> w \p v an w v> v v v v *7 an VP VP M/ 7 U/7 IJ/7 IV7 li/7 17/7 an an an an m V553 words
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Advertisement640 1987-06-02 21 DJASAGETRI A Joint Europe Sorvtoo Of: f.T. DJAKARTA UOn P.T. 6ESURI LLOYD P.T. SAMOA INDONESIA P.T. TRIKORA LLOYD NTJUNERS RE TO EUI ANTWERP VESSEL/VOY S POKE BILBAO BREMEN A DAM/R OAM HBURG MATARAM/11/WB 4-7/1 25* 1/7 PAUHANC.'Swe 14-16/1 UP 15(7 11/7 DMA F/tCH-WB 21-21* 2*7 H/7 J* KUTAI/12WB -MM 13/1640 words
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Advertisement397 1987-06-02 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loading for Rangoon S'pore P.Kelang Parang Bangkok iff iIMW I*l3 Jun* 7/1 Jut* 11/20 Jim £3 BANK LINE CLYDEBANK V2ON 8/6 TAMAITAI SAMOA V.ION 27/6 FORTH BANK VMM 8/7 (CA IVY BANK VI9N 26 SPORE ROAM HULL HMBG 1/6 3/7 12/7397 words
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Page 22 Advertisements
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Advertisement1352 1987-06-02 22 ATLAfITIC CuAST (Round-The-World Service) SPORE LB CHLS 0. FAIR V 3 5 Jun 27 Jun 7 Jul RAINBOW BRIDGE V 7 12 Jun 4 Jul 14 Jul N. GARNET V 9 1) Jun 11 Jul 21 Jul 0. FREEDOM Vl4 26 Jun II Jul 21 Jul PACIFIC SOUTH-WEST FEEDER VSL1,352 words
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Advertisement594 1987-06-02 22 'M AUSTRALIA EXPRESS CONTAINER SERVICE AoBMMwt PCUPCL C«Wnm Fwdm P KMni lm S'pore IMb Fn* Sy* Abe Am KHSJPSV 14 I!** 10 5 Mkm 8 IM| IMy AM*** ft? 010 5 IX a torn 1! M) nM)1! M) Ad^Bnt HT\.jrJL l5 «*5 UfS? 0 5 iX> >• 30 My lA*594 words
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Advertisement749 1987-06-02 22 GOLDEN LINE GUAN GUAM SHPPHG (PTE) LTD 71. T« w wmmm tiw m. JMM« ui UK» F« ffIUuTS/PCRSIAN GULF SERVICE: Spor. P.KoMi, GOLDEN HARVEST Cotombo/Kafadu/Mwa I Juno 001 DEN HAVEN Cotombo/KaradWDubai/OMiiinow 11/12 itm*— CHINA SERVICE DAI TUN SHAN Mtink»n|/Slwi|tw V* M» CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF749 words
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Advertisement422 1987-06-02 22 Bphimron shipping agfnciis pu I id PHIII ORIFNI I IMS PH IW ># 11l 111 I RiiHiNMiN H»*tl »FS(I #'.l» KIHI |I|«K, .Ifti.M if) (110^ II! SUV.' 'if •♦.<» Mi 1111 I 11\ .'X/.'n I HIII MI .'.'SSh/'S MIDDLE EAST/FAR EAST FCL t LCL SERVICE VESSEL ETA SINGAPORE (DESTINATION EAST/WEST422 words
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Page 23 Advertisements
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Advertisement724 1987-06-02 23 NEPTUNE AGENCIES WE. LTO. Fl EU/AUST TtrmiMi crs tfgsj man mils g"» g»J NEPTUNE ORIENT LINES LTD L J.I NEPLINE SON. BHD. MMM 7 E NEPLINE SDN. BHD. J6148D nepline son. BHD. uaaswmwm/ww NEPLINE SON. BHD. ZMO4D/2MMI iaro/outwaro KJIRIES: UV944 U I'wm MY MIOGE m* Lfi MIOCE BW 0 CHIEF724 words
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Advertisement456 1987-06-02 23 HEUNG-A SHIPPING Korean Flag Vessels CX)NAM SEMI CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN INCHON No I OmmmftoH No I Oonam/70Mt No > Oonam/784N No I Oorjm T6S No I Donam/707N No I DonamTOSN S POR[ ACfNTS NfPIUNE A&fUCifS PU 110 T«l mmo.mxin (Operations) nam :mn* (i»rm.nji) 2?a?4SO 2W&456 words
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Advertisement744 1987-06-02 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** p. nunc M/S HANDLING SYSTEM CO SON WO Ha J PASJITttJDANt 7 F'J. SHIPPING AGENCY SON BHD744 words
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Advertisement52 1987-06-02 23 '2? FERI MALAYSIA SON. BHD. PUPII rONTatWP PA!IfTISfD WIM* StRWICf TO tMJBNUN KUCHING KINARAIU RISC ACCtFTING SMF DRIVfN WHICIfS WMUIMiVA -I n 3 AH 19, K«pp4 Rood #05-02/03 JH Poh ftuAding S'por. 0208 T«fc *****38 (5 Urm) Tlx. »S ***** SCAtO Fo*i *****25 tg Ag«nti S-M.S. P*» lid Tab *****5552 words
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Page 24 Advertisements
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Advertisement370 1987-06-02 24 SINGAPORE SHIPPING CORPN.tPTE] LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VLB DEUTFRACHT/SEEREEDEREI ROSTOCK ml ji'Mjinrwt vuil lIJ gj|jj f.l M 3 3 :Vj[i ■i' I'j I'WVV 1' •VIA COLOMBO: Accepting cargo tef INDIA Bomb*. Cochin Madras; EAST AFRICA DarEs-Salaam, Mombasa I "VIA370 words
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Page 24 Miscellaneous
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Miscellaneous170 1987-06-02 24 mm Regional Weather h h V'\ 5 K1 35 i"V Ld m Wk er# SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Wove height R Thunderstorm Temperature c y Shower Weather Wind direction with speed m knots Rom Cloudy Sky WOV he,9M170 words
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Page 25 Advertisements
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Advertisement277 1987-06-02 25 CALL US fIfcLANC PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8, *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 Will WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER I. BUTANC I7TT MTHR VSI KORRICAH 171 P. SUNSHINE UB rT7I ittt rrt r,r.y:i 17.(7 11.(7 OTHER DESTINATIONS:277 words
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Advertisement327 1987-06-02 25 MN CONTAINER LINE lISA 31/5 TO: LA/LB, OAK/SF, N.YORK W* l 7/6 LA/LB, OAK/SF, N.YORK ACCEPTING LCL/FCL TO ALL PORTS/IPI TRANSTAINERS LINE WEST AFRICA SERVICE PEN/PK SIN TO: DAKAR, CONAKRY 8/6 1M ABIDJAN, LOME 22/6 25* CONTONOU, DOUALA LIBREVILLE, PORT GENTIL P. NOIRE, LUANDA ACCEPTING LCL/FCL TO:mm, i idoor to327 words
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Page 26 Advertisements
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Advertisement528 1987-06-02 26 FARGO SHIPPING COMPANY (PTE) LTD. REGULAR EXPRESS FULL CONTAINER AND LCL-SWVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europc/Mcdttarrancan TNT EXPRESS E. HUDIG BRUSSEL W7M fUM ft'tm wim lIPJM ETA SINGAPORE SJRI BHUM 323N 6VEGA 39N 6/ BUNGA KEMUNING 24 17RATANA BHUM 125N H BUNGA BUTANG 346 9/ 3* J/6 4/6,528 words
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Advertisement213 1987-06-02 26 AhtKA Ocian Li*ts Lid. ?1M j ;l Mil 4^11*1: ACCEPTING FCL/LCL BREAKBULK TO: LAGOS/ APAPA, PORT HARCOURT, WARRI, CALABAR, SAPELLE, TENIA, CONAKRY AND OTHER WEST AFRICAN PORTS VESSEL TBN M/V EKESOS ETA SPORE 29/6 6/8 v COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) Vf EXPRESS SEMkCOMTAttR SERVICE TO213 words
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Advertisement111 1987-06-02 26 INBOUND REGULAR FCL AND LCL CONSOLIDATION SERVICES FROM TOKYO KOBE ROTTERDAM OUTBOUND REGULAR LCL CONSOLIDATION SERVICES TO BANGKOK HONG KONG ROTTERDAM FCL/LCL SERVICE TO USA (EAST/WEST COAST) ec IZUMI LINE REGULAR SERVICE SPORE/BANGKOK MV WAKAYU (BLT 1982 Semi-Container) VOY SPORE BANGKOK 56 23-2S JUNE 28-29 JUNE 58 2-3 JULY 6-7111 words
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Advertisement380 1987-06-02 26 El mj \"'Os MfCIT Mitsui OS K. Lines Ltd CONVENTIONAL/SEMI-CONTAINER SJWi'll liijmuu ATLAS MARU VOY. EAA42A 7 Jun Mombasa. Daressalam, Tanjja CONTINENTAL PARTNER VOY EABI2A 18 Jun Mombasa. Daressalam GLORIA PEAK VOY SWA34A 26 Jun Port Louis. Reunion SUBJECT INDUCEMENT FULL CONTAINER SERVICES SEE MONDAY. WEDNESDAY, FRIDAY ADVERTISEMENT. WEST AFRICA380 words
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