The Business Times, 19 June 1984

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 TUESDAY, JUNE 1», 1184 60 CENTS
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  • 700 1  -  SPECTACULAR SUCCESS IN FINANCIAL SERVICES By ZHOU MEI Economics Correspondent AS A FINANCIAL centre, Singapore is truly "developed". In the assessment of two American economists, it would be wrong indeed to place it among the "developing". "The spectacular success of Hongkong and Singapore
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  • 359 1 HISTORY has shown that nations which rose to great heights have, without exception, declined and many have disappeared forever. "So unless the coming generation of Singaporeans can think of some way of circumventing this apparent law of history that after success there must be
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  • 103 1 MORE THAN half of the Japanese population would flee to saftey if the country came under attack. A poll conducted by the Asahi Shimbum newspaper, which covered 2,400 people, showed that 57 per cent of those surveyed said they would not defend
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  • 204 1 A GROUP of local furniture makers has engaged a consultant as a first step towards realising its intention to set up a showroom for the big US market. Mr Richard Kleine, a US furniture design and marketing consultant, was appointed recently with the assistance of the
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  • Article, Illustration
    76 1 CAUTIOUSNESS prevailed yesterday. Cm pled with (fee lack «C fresh activities, the aigum steek market eeatinoed Its dewaward drift. The skseace ef aay geed news ever the weekead, tegether with grewlag eeaeera ever the Third Werld debt aad late rest rates, gave the mar- ket ns nun to
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  • 430 1 Reuter JAPAN yesterday blamed many of the world's economic problems on other countries' failure to save and invest, and pledged to use its abundant savings to help the global economic recovery. A Cabinet-approved White Paper on international trade released yesterday said the fall
    Reuter  -  430 words
  • 479 1  -  By JOHN LIM HEALTHY demand growths for Singapore goods in major markets helped to stem the slide in the island's exports in April. Further, orders from these markets contributed to an overall increase in exports for the first four months of the year,
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  • 113 1 TELENOKIA of Finland has received an order to supply a digital mirowave system to link Sekupang on Batam Island with Comcentre in Singapore. This system, which is an improvement on the present ultrahigh frequency radio link established since 1974, will be commissioned in November. Telecoms
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  • Page 1 Advertisements
    • 105 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM w Come Ist July, taking-off with Hertz the No. 1 car rental company will never be easier! With the launching of Hertz at Changi International Airport, it's simply hassle-free driving designed to bring ease and comfort to sight-seeing or business. From now until 31st
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    • 279 1 More reports... page f mm SHARE INFORMATION 14 RAW MATERIALS 12 MONEY 4 EXCHANGES 7 APPLE Computers Inc has reduced the price of the Apple lie computer by 19 per cent in a bid to boost sales in the Singapore market. IBM says it is reviewing the price situation. Page
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    • 66 1 Full report, Pag* 13 International stocks, Pag* 10 Asian stocks, Pag* 11 U A better service for shipments up to 100 kilos at no extra cost." "Sure thing, with KLM's W?ffispeed." KUNI llJtiSf-J--- PW-..1 Contact your KLM cargo agent or KLM Cargo, tel: *****44 for full details about the best
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    • 6 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM
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  • HOME NEWS
    • 417 2  -  By JEFFREY TSANG APPLE Computers Inc announced a 19 per cent reduction in the price of the Apple lie computer in a bid to boost sales in the local market. This announcement came shortly after International Business Machines in New York decided to
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    • 116 2 TELECOMS has extended its Telepac service to Denmark, bringing the total number of destinations for this service to 20. The system provides subscribers access to data base information in other countries. Subscribers in Singapore can communicate with host computers connected to data exchanges in other countries.
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    • 203 2 THERE is a difference between a bus painted to reflect the 25th year celebrations and one painted with hard-sell advertising in mind, with the celebration message in some obscure corner. This was pointed out by the Ministry of Communications yesterday in a statement referring to
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    • 349 2 SEOW NEE SHEK has been appointed assistant general manager at Cosmic Insurance Corporation Ltd. Mr Seow, 37, has 20 years experience in the insurance industry. An associate of the Chartered Insurance Institute, he joined Cosmic almost 10 years ago from a foreign insurance company. A past president
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    • 172 2 A JAPAN stand will be one of the features of the multi-million dollar construction exhibition, Imac-Conpex Asia, to be held at the World Trade Centre from June 25. The stand by the Japan External Trade Organisation will feature a government information centre
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    • 444 2 tfjMDS TOU2I LOCKHEED-GEORGIA Co will install orthopedicallydesigned crew seats on all four flight station positions of its Hercules C-130 and L--100 aircraft as part of the company's Hercules product improvement programme. Utilising a proprietary foam material, the seats feature seat and back cushions designed
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    • 168 2 Seminars and courses DURATION TITLE VENUE ORGANISER June 20 Banking For Your Own Business RELC International House Singapore Business And Professional Women's Association June 20-21 CAD/CAM: Introduction CECTU Economic Development Board Overview June 20-22 Developing Thong Teck Singapore Effective Negotiating Skills Building Institute Of Management June 20-22 Professonol Selling
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    • 426 3 A KNOWLEDGE of history and current affairs is not only personally gratifying, but can also lead to monetary rewards. The People's Association is once again inviting members of the public to put their knowledge to the test in the forthcoming
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    • 110 3 THE ART of Janur arrangement is not well known in Singapore. It refers to the ivory-coloured young coconut fronds which can be arranged as wall decorations as well as in "sitting", "standing" or "hanging" variations. The art of Janur arrangement is widely used in
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    • 156 3 SYSTEMS Education Centre (1963) Pte Ltd is holding a one-day seminar on decision support systems for senior management today at the Pavilion Inter-Continental Hotel. Guest speaker Mr Allen Pathmarajah, general manager of Great Eastern Life Assurance Co Ltd, will discuss the impact of information
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    • 285 3 THE SLICING of the fastfood melon continues. Textile merchants, Premchand and Sons, have joined the scramble for a share of the fast-food market. Their subsidiary company, Cookmate Pte Ltd, has purchased the franchise for Big Rooster which is an Australian fast-food chain,
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    • 381 3 SALES OF compact disc players (CDPs), which were off to a slow start last year, are expected to double this year, reaching a total of about 7,500 units sold locally. CDPs were first launched in Singapore in April last year, but sales
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    • 104 3 THE SINGAPORE Institute of Architects has elected Mr Gan Eng Oon as president for 1983/ 84, replacing Mr Kenneth Chen Koon Lap. Other members of the executive committee are: Mr Tan Cheng Siong, vice-president; Mr Chia Kok Leong, secretary; and Mr Chao Tse Ann, treasurer. Re-elected
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    • 54 3 PART OF the Pan Island Expressway near Tampines New Town will be closed from 10 am on June 21. Construction of a proposed road interchange and underpass, linking the PIE to Tampines Avenue 2, will be on until mid-July. A diversion road for citybound traffic can be
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    • 561 3  -  By RICHARD SEAH THE PETROL station "gift war" took a new turn last week with both Mobil and the Singapore Petroleum Corporation adopting schemes aimed at cultivating customer loyalty. Along with gifts, newcomer to the game, SPC, is offering a chance to win
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  • Page 2 Advertisements
    • 182 2 <» Mil' utiii "iU J Before and after Conqueror Conqueror means business In today's highly competitive business world, every advantage counts. To stand out from the rest, you not only have to sound good on paper, you have to look good too. When you put your business proposals on Conqueror
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  • Page 3 Advertisements
    • 129 3 V--r Ml With a remarkably flexible bracelet, gold or stainless steel/gold. Concord Centurion. As elegant as it's tough. resistant. Quartz. Shock-resistant. 18K gold and diamonds, Completely handcrafted in Switzerland. CONCORD E Am Watch Cantra. PvkMft Chaw > Si«r» Lent* JONorih B'Kijr Road Scott» JwHHn, Sh«»Cw«,e Cortina Watch Camra Lurk. Pun
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  • OVERSEAS
    • 620 4 West German industry anxious over protectionistic efforts NYT EFFORTS in the United States to limit imports of machine tools have created a mood of anxiety in West Germany's powerful machine-tool industry, and that mood has been exacerbated by recent American moves toward protectionism in steel
      NYT  -  620 words
    • 142 4 Reuter AUSTRALIAN manufacturers are more cautious about the short-term business outlook than they were three months ago, according to the Confederation of Australian Industry and Westpac Banking Corp Survey of Industrial Trends. The quarterly survey said the majority of manufacturers expected no change in the general
      Reuter  -  142 words
    • 111 4 Reuter BRITAIN'S state-run Coal Board said it has bought foreign coke to honour a US contract threatened by the three-month-old strike by British miners. A spokesman said the coke has been bought from a supplier in Western Europe at the fullmarket
      Reuter  -  111 words
    • 211 4 AP PROTECTION of the environment can pay its own way in the current economic recovery, said the Organisation for Economic Cooperation and Development. About 350 top environmental officials, politicians, businessmen, trade unionists and environmental activists from the US, Canada, France, Britain, West Germany and the
      AP  -  211 words
    • 398 4 AP WELCOMED enthusiastically on his other foreign trips, Pope John Paul n encountered something different on his just-com-pleted trip to Switzerland: smal ler-than-expected crowds and criticism from churchmen. Except for the final mass celebrated on Sunday in the heavily Roman Catholic area of Sion, where the
      AP  -  398 words
    • 98 4 Reuter ANTI-FRENCH jokes published in Britain's biggestselling daily newspaper, The Sun, were childish and in bad taste, the British Press Council said yesterday. But the council, which monitors standards in British newspapers, rejected a complaint from four readers that the jokes were racist. The Sun, which
      Reuter  -  98 words
    • WORLD IN BRIEF
      • 48 4 DENG Pufang, the wheelchair-bound son of China's leader Deng Xiaoping, said yesterday he does not expect to ever walk again. Mr Deng, 40, was left paralysed from the waist down in the Cultural Revolution, when guards forced him out of a fourth-story window at Beijing University.
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      • 54 4 INDONESIA'S export earnings from crude and oil products rose to US$3.O6 billion in the first quarter of 1984, up from last year's first quarter earnings of $2.31 billion, sources said. They said earnings from liquefied natural gas exports in the same period jumped to $838 million from $722
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      • 44 4 TWO Turkish prisoners died in the ninth week of a hunger strike in protest against alleged torture of prisoners, relatives said on Sunday. The inmates were confined in separate prisons in Istanbul and died last week at the city's Hayderpasha Military Hospital.
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      • 42 4 A WORLD War U fighter pilot aged 70 is planning to undergo a sex change operation, the British Association of Trans-sexuals said on Sunday. The man, whose name was not released, was expected to undergo the operation later this week.
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      • 33 4 FOREIGN construction orders received by South Korean firms since 1965 have totalled US$7O.5 billion to date, the Construction Ministry reported yesterday. Overseas construction is South Korea's major source of foreign exchange.
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      • 51 4 Agencies BROWARD county school officials in Fort Lauderdale, Florida, are crediting tattletale robots with helping them keep students from skipping school. The machines are used to automatically dial up to 400 numbers a day and deliver one of 20 recorded messages, regarding students' behaviour and studies, to their homes.
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    • 321 4 Reuter THE BRITISH longer leading cyclical indicators may point to a peak in economic activity about one year from now when the index for May is released next week, some private economists said. The May figures are expected to show a
      Reuter  -  321 words
    • 95 4 PRESIDENTIAL contender Walter Mondale may not have the answer to America's parking problems, but he has an ally in a 35-year-old sausage salesman who has won the parking championship of San Francisco two years in a row. John Coleman, 35, offered to personally park
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    • 375 5 KING Hussein of Jordan says he wants to purchase sophisticated weapons from the Soviet Union or other suppliers because the US refused to sell his country defensive missiles. "We are looking elsewhere: Europe, the Soviet Union, China, Britain (to see) what we will come
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    • 130 5 Reuter AMERICAN secret service agents eavesdropped oil British police security operations during the London economic summit earlier this month, the Daily Mirror newspaper said yesterday. Quoting British Defence Ministry sources, the newspaper said secret service men installed a dish
      Reuter  -  130 words
    • 242 5 Reuter CHINA'S foreign exchange reserves are too big and some should be spent on imports or x domestic construction, the official China Daily newspaper yesterday quoted Chinese officials and economists as saying. It said most officials and economists attending a national seminar on
      Reuter  -  242 words
    • 308 5 UPI IRAQ said it sank an Iranian boat on Sunday in the marshes east of Basra, underscoring its warning of pre-emptive strikes to blunt a threatened human wave offensive of 500,000 Iranian soldiers. An Iraqi military communique quoted by the
      UPI  -  308 words
    • 404 5 Reuter POLITICIANS have blamed voter disillusionment with the European Community for the entry of extremist parties into the European Parliament and said the 10-nation poll may weaken the assembly rather than boost its power. Radical ecologists in West Germany, the Netherlands and Belgium broke into the
      Reuter; AP photo  -  404 words
    • 264 5  -  By KOH TSE YING THE TRULY effective chamber of commerce should possess at least four vital ingredients. It should adequately represent the private sector, be concerned with "quality of life" issues, keep sharp focus on its priorities, and have the direct and personal
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    • 439 6 Reuter THE INDIAN government's policy of increasing economic liberalism has drawn a response from foreign companies and banks. Finance Minister Pranab Mukherjee said yesterday that foreign companies now have a wide choice in investing money and transferring technology to India. Mr Mukherjee noted
      Reuter  -  439 words
    • 178 6 Reuter POLAND'S Communist Party newspaper yesterday hailed the results of local elections as a crushing defeat for the political opposition and proof that Polish society wanted national accord. The State Election Commission in Warsaw said that more than 75 per cent of the country's
      Reuter  -  178 words
    • 168 6 Reuter Twin embryos whose parents were killed in a plane crash will remain frozen in a test-tube pending a decision on whether they should live or die, Australian authorities said today. The embryos have been kept at Melbourne's Queen Victoria Medical Centre since they were taken
      Reuter  -  168 words
    • 194 6 Reuter AN IRANIAN navy transport plane flown to Egypt last Friday with passengers seeking asylum took off from Luxor Airport in upper Egypt yesterday, airport officials said. They declined to say where the aircraft was heading for. It was not immediately known whether
      Reuter  -  194 words
    • 95 6 Reuter JAPAN'S future ability to defend sea lanes up to 600 km from its shores is likely to be discussed at talks with the US to be held in Hawaii from June 25, a Foreign Ministry official said yesterday. The three-day talks
      Reuter  -  95 words
    • 164 6 THE Malaysian Trade Union Congress (MTUC) yesterday urged the Labour Ministry to intervene immediately over the report that 10 dismissed workers of an oil mill in Raub have been threatened with imprisonment if they become union members. MTUC Acting President Zainal Rampak said the
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    • 82 6 AP ANY PURCHASE of USmade F-16A jet fighters by Thailand will lead to a race by South-east Asia to buy better jet fighters, the New Straits Times said. Quoting Defence and Foreign Ministry officials in Kuala Lumpur, it added that a US team is currently in
      AP  -  82 words
    • 742 6 ARRIVALS Operator ScrvKi number Local time From PAA CAL MAS MAS MAS MAS RBA SIA CPA GIA SIA SIA SIA MAS MAS GIA SIA PA5 CI009 MH68I MH601 MH671 MH8II BM2I SQ103 CX7I0 GA960 SQ105 SQ20I SOI9I MH603 GA940 0020 0040 0820 0905 0935 0940 1000 1005
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  • Page 4 Advertisements
    • 252 4 Royal Executive Class in die Orient V. i H rAL V > ri 9 A First Class Experience. In every sense of the word, except price. FIRST CLASS CABIN AREA You see, we have made our Royal Executive Class the No. 1 class on our A3OO and DCB regional routes.
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  • Page 5 Advertisements
    • 173 5 LMdtr, Pag* 8 Nature has taken ym s*§Ks- ZiZi igp: m Electrolux adapts the 'bee-hive' appuach far high-densit7 storage Bees have found the logical method to storing their honey systematic and equally-constructed combs that minimize space usage for maximum storage capacity. Nature has indeed answered today's storage problems. Electrolux's high-density
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  • Page 6 Advertisements
    • 235 6 The 1984 Canon Breakthrough N0.4 Canon Canon's latest copiers save energy -every second 7® S 9 30 9 9 13*'$ 2 3 4 Built into each of our latest copiers the NP 270 and NP 500 is a standby key that switches off areas of highest power consumption when the
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    • 13 6 Pan Am First Class. First In Space. First In Luxury. First In Comfort.
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  • BANKING AND FINANCE
    • 121 7 FT YAMAICHI SECURITIES, one of Japan's leading brokerage houses, and Chemical Bank of the US, have agreed to cooperate on a wide range of activities including the exchange of information, underwriting of foreign currency denominated swap bonds and cash management services. The two had
      FT  -  121 words
    • 244 7 MORE than 100 participants from Asia, Australia, the Middle East, and the US will come here next month to attend a week-long course on current issues in Asean taxation. Senior tax experts from governments, accounting firms and law firms as well as universities will
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    • 134 7 Reuter COLOMBIA is selling small quantities of gold from its reserves to help its balance of payments, the central bank said. Colombian central bank manager Hugo Palacios Mejia declined to say how much gold the country has sold on international markets,
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    • 621 7 Reuter EARLY AGREEMENT In the dispute between Argentina and the International Monetary Fund is now being increasingly ruled out by central bankers. Some see the problem dragging on for months. Central bankers in Basle for the Bank for International Settlements (BIS) annual meeting said
      Reuter  -  621 words
    • 529 7 Reuter THE IMF should 9et up a new credit facility to help developing countries cope with the extra debt service burden caused by rising US interest rates, Mexico's central bank directorgeneral Miguel Mancera said. He told Reuters in an
      Reuter  -  529 words
    • 184 7 Reuter HECTIC trading in the New Zealand dollar continued yesterday in the face of the coining election and devaluation speculation, dealers said. The Prime Minister has ruled out a devaluation but warned that he would impose credit controls if Friday's level of trading continued.
      Reuter  -  184 words
  • MONEY AND EXCHANGES
    • 271 7 DEPOSIT rates closed steady at opening levels in quiet afternoon trading yesterday. Short-dates firmed between V 4 and Vt-point at the outset following a higher US federal funds rate and then remained unchanged with overnight and Tuesday/Wednesday closing at 11V4 11H per cent each and week fixed
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    • 125 7 THE OVERNIGHT rate rose by V» -percentage point yesterday to dose at 7H per cent on the Singapore interbank money market. The one-month term rate rose by 1/16-point, while the twos Slipped by 1/16-point and the threes remained at last Friday's closing level. S$ interbank rotes at 3pm
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    • Article, Illustration
      347 7 SINGAPORE: The local dollar closed easier yesterday at 552.1090/1100 against the US currency compared with last Friday's close of 2.1060/60, and at 5191.20/ 30 against the Malaysian dollar compared with 91.15/25. The US dollar closed lower against most major currencies. It was weaker initially cm some selling after
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    • 212 7 Interbank rates at 3pm CWVMQIM ftfuMMootAC 4L Local dollars to om unit o4 foreign —r<ey sraaa partly uTfoflar 2.1090 2.1100 2.8196 -25.20 Staffing pound 2.9051 2.9086 7.3469 -60.46 Ausfrakon dolor 1.8601 1 8954 3.4286 -45.23 NZ dolor 1 3561 1.3588 3.4286 -60.40 Conodion dolor 1.6216 1 6230 3.4206
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    • 153 7 SINGAPORE Futures trading was at a standstill yesterday on lack of interest and prices closed little changed compared with New York's Friday levels. Prompt closed little changed at U*****.50/ 371.50 an ounce against New York's Friday 1370.40/370.90 close, August at $374/377 against $375.10/ 375.50 and October at $381.50/383.50 against
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  • Page 7 Advertisements
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  • FEATURES
    • 450 8 IT HAS BEEN said that during an election, the air is full of speeches and vice versa. This appears to have been the message delivered by voters to the candidates vying for the 434 seats in the European Parliament. But with the proposed United States of Europe
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    • 1615 8  -  Near collapse of Continental Illinois slows down the pace of deregulation in the US By STEWART FLEMING FT THE NEAR COLLAPSE last month of Continental Illinois National Bank, in a crisis which, unchecked, could have threatened the stability of the world financial system, has fundamentally
      FT  -  1,615 words
    • 768 8  - New selling point for fast food nutrition By JANE BRODY NYT THE FOOD INDUSTRY, always quick to respond to consumer whims, has become increasingly inventive in trying to appeal to the conflicting interests of American 6dters While "good nutrition" is now one of the industry's biggest selling points, some of
      NYT  -  768 words
  • Page 8 Advertisements
    • 263 8 To get ahead in business, start by keeping B3 C.Y. Chan does. Lawrence C.Y. Chan Financial Manager Ass't. to President South and Southeast Asia Westinghouse Electric S.A. Singapore Printed Monday to Friday in Hong Kong and Singapore. Distributed throughout Asia and the world. To get ahead in business, you need
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  • Page 8 Miscellaneous
    • 712 8 CRYPTIC PUZZLE ACROSS 3An advertiser may make it with many an object (5) 8 It's fundamental to bachelors, I see (5) lOLike a cricketer's point, possibly (5) 11 Nature boy (3) 12 A man to see soon (5) 13 Like calm days any loch may have (7) 15 Not exactly
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  • 14th Pacific Trade and Development Conference Pacific Growth and Financial Interdependence, June 18—21, 1984
    • 1341 9  -  By ZHOU MEI Economics Correspondent WHAT SHOULD a hard-pressed government do about all that frightful inflation that threatens to erode hard-won economic progress? Financial liberalisation or deregulation has been a popular measure for many administrations confronted with the problem. It is hardly new, having been
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    • 146 9 Clustered Ranking by Degree of Financial Restriction Interest Rote Determination r Time and Savings Deposits Commercial Bank Loans Long-term Credit Singapore Market Market Marked Hongkong Market Market Market United States Market Market Market Canada Market Market Market Japan Regulated Market
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    • 176 9 ONE LITMUS TEST sf fl—Hal repress!** Is whether lew ceiling interest rates are set by the —IMy aatfeertties er whether interest rates are determined by the demand tor aad supply ef financial claims in the marketplace. The findings ef Prefesser David C Cole aad Prsfessor
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    • 287 9 PROSEPCTS FOR the financial development of the Pacific Basin economies are given promising ratings by Harvard University's Professor David C Cole and Yale University's Professor Hugh Patrick. This should not come as much of a surprise. After all, the economies of the
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    • 268 9 si-! —J. —-T V 1 n1 «J ihi .'I 1 f I» *1 MORE DEPOSITORS In the Pacific countries are putting their surplus money into the Asian dollar market, a boost for tuade and economic development in the region. Figures from the Minister of
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    • 89 9 SINGAPORE is likely to have a real GDP growth rate of 8 to 10 per cent and an inflation rate of 3 to 4 per cent this year. Professor Lim Chong Yah, in his welcoming speech at the 14th Pacific Trade and Development Conference yesterday, said his
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    • 177 9 THE AVERAGE daily volume of Singapore's foreign exchange business has risen by US$2 billion to US$ll billion in only five months. Figures from the Minister of State for Finance, Mr Lee Yock Suan, yesterday show the daily volume rising to US$ll billion in February
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    • 190 9 THE PACIFIC region can look forward to greater yen financing as the currency becomes more and more internationalised. Mr Masao Fuji oka, president of the Asian Development Bank, believes the yen, in line with its strength in the world economy, should play a bigger
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  • Page 9 Advertisements
  • Page 9 Miscellaneous
    • 1100 9 W BREWS) HIGHLIGHTS: Novo Signs of the Apes, Songs of the Whole 8.00 pm, Channel 12 The dream of talking with animals has been with us for centuries. This programme explores the latest research from language experiments with dolphins and apes, to studies of animal calls in the wild. (60
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  • INTERNATIONAL COMPANY NEWS
  • Page 10 Advertisements
    • 381 10 n Wfoer« to wlae, illae turn ««Mak Hi ir.P The Summer Palace ri\ #r M FINEST CANTONESE CUISINE FOR ALL OCCASIONS. THE ADVANTAGE IS INTER- CONTINENTAL THE PAVILION INTER CONTINENTAL THS PAVILION 5 INTERCONTINENTAL SINGAPORE 1 Cuscaden Road. Singapore 1024. 3 Tel: 733 8888 THE BAR TTHEOr KftiMiU m The
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    • 65 10 mmSL- m&Bm* I I m V mHO*-. vFeng Cheng Lou for the best Teochew food in town. Discover mouth-watering delights prepared by hong Kong chefs. Feel like royalty while you dine in Oriental splendour. Open daily from: 12.00 noon 3.00 pm for lunch and 7.00 pm 11.00 pm for dinner
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  • ASIAN STOCKS
    • 316 11 TOKYO: Share prices closed higher for the first time yesterday in six trading days with small and medium-sized issues leading the way in reaction to a sharp fall last week. The average rose 60.74 to close at 10,082.47 after falling 35.32 last Saturday. Trading volume was a light 250
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    • 238 11 JUNE ia NT Chem Indus 23 20 -0.1 Al Smear* Indus 8 70 0.2 Lien Hwo Indus 13 70 36 60 -0 05 -08 Asm Cement 30 80 -02 31 70 -02 Cathoy Com Chang Hwo Bonk 31 80 54 50 -07 -1 Pocific Elect Wire 19 50 -02
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    • 448 11 SYDNEY: Australian sharemarkets closed easier yesterday, with selling pressure keeping the market at an 11-month low following weakness on overseas markets. The All-ordinaries index was 6.6 l<?wer at 646.3, just above its 644.0 level of July 19 last year. The Allindustrials index fell 7.4 to 896.6 and the All-resources
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    • 121 11 BANGKOK: The market closed higher in increased turnover. The Book Club index rose 0.46 point to 118.68 on turnover of 57.9 million baht. JUNE 18 A ok horn Thoi Mm Stom City Cement Siom Credit 398 64 2 05 Asm Fibre Ayuthoyo Inv And Trust 118 1 unch unch
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    • 138 11 MANILA: Prices closed mixed in dull trading yesterday, reflecting lower prices of metals abroad. The commercial and industrial index was up 0.47 to 132.80, the mining marker was down 0.89 to 1,065.30 and the oils index fell 0.003 to 0.738. San Miguel 'B' was up to 18.50 from 18.25,
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    • 88 11 W 18 Won Hyundai Corp 635 unch Hytrxkv Motor 551 -15 Bar* Seoul •CAi 440 -10 700 +21 707 Choheung 9k 670 5 Korea Oi 842 3 CommtfKOl Bk 706 inch Korea S**p 415 -1 Doetm Ind 575 -4 Lucky Ltd 742 -14 Daewoo Corp 390 •1 Samsung Co
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    • 299 11 MANDARIN RESOURCES Corporation Ltd (MRC), a Hongkong investment company, has announced a major expansion of its operations in Hongkong, Thailand, and Britain, with new acquisitions totalling HKJ32 million. Following the purchase last year of a 20 per cent interest in Lu's (Hongkong) Finance Ltd, a
      299 words
    • 87 11 Reuter KANEBO LTD will raise its dividend in the year ending April 30, 1985, to three yen from the equivalent of two in the latest year. The president Junji Itoh said yesterday that parent company current profit is likely to rise 39.4 per cent to seven
      Reuter  -  87 words
    • 245 11 Reuter ASSOCIATED Hotels Ltd (AHL) has detailed development plans for 1984 which include reducing its involvement in two developments, the company said in its annual report for the year ended Sep 30. Hyatt Hotel, AHL's major asset which is under a floating
      Reuter  -  245 words
  • Page 11 Advertisements
    • 467 11 Wtef® to wisae. and :«kE Light up your evenings with SATYN l/rlf (If a group of four dynamic entertainers, who'll delight you with their versatility and talent. See them in action, Mondays to Saturdays from 6 pm to 1 am. Drinks at 20% off bar prices ITIM rad with complimentary
      467 words
    • 192 11 HAPPY RESTAURANT can now offer Modestly-priced superb Cantonese dishes. Impeccable service. Nightly entertainment with no cover or corkage charges. Ample parking facilities. 1 3t For reservations, call 744-2717 or 744-2181 HAPPY RESTAURANT Lion City Hotel, 2nd Storey, 15 Tanjong Katong Road, Singapore 1543 Luncheon: 12X)0 2:30 mn Dinner: 7."00 —10:30rrm
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  • RAW MATERIALS
    • 241 12 Reuter THE International Sugar Organisation statistics committee has reduced its estimate of world net import demand for sugar this year to 16.85 million tonnes raw value from 18.33 million compiled last November. The cut, based on figures provided by ISO members attending three weeks of negotiations
      Reuter  -  241 words
    • 254 12 Reuter THE American cotton industry has reversed the oversupply that pressured prices a year ago, hut it now may lack the cotton needed to maintain its share of world trade. In remarks at the national cotton outlook conference, National Cotton Council director of economic
      Reuter  -  254 words
    • 162 12 Reuter PENINSULAR Malaysian rubber production rose to 130,269 tonnes in March from a downward revised 112,489 in February and 85,818 in March 1983. This brought output in the first three months to 399,918, up from 353,988 in the same 1983 period, Statistics Department figures show.
      Reuter  -  162 words
    • 269 12 AFP BRITISH production of single yarn and woven cloth from cotton, man-made and other fibres during the first four months of this year remained well ahead of output in 1983 at the same stage. Yarn output from January to
      AFP  -  269 words
    • 61 12 Reuter INDIAN tea exports in the first five months of this year rose to 69 million kg from 62 million kg in the same period in 1963. National tea output in the January-April period rose to 93 million kg from 70 million in 1963, with north
      Reuter  -  61 words
    • 297 12 Reuter THE Brazilian Coffee Institute will grant additional discounts to roasters taking more than 25 per cent of their annual contract volume in the current April-June quarter. But the institute is issuing no further quota for registration in the current month. The spokesman
      Reuter  -  297 words
    • 147 12 Chineee Produce Exchange noon dosmg prices on Jwie IS. SS/100 kg) Coconut oil Bufc FOB 240 00 Otd drum FOB 253 00 New drum FOB 257 00 Copra Mixed (loose) 125.00 buyers Pepper Muntok white FOB NLW 637 50 Sarawak white FOB foq NLW 630 00 Sarawak special
      147 words
    • 140 12 Singapore (S$/kilo, ei-gedeem) Thoi white 100% 1st doss (kangaroo) new crop 105 100% 2nd doss 077 100% 3rd doss 075 25% new crop No stock B-10% No stock Thai broken A-super 062 Special 055 Thai rice 55% No stock Chino rice 10% 093 15% No stock 25% No stock
      140 words
    • 39 12 Reuter BANGLADESH has bought 465,000 tonnes of rice from Thailand and Burma. Some 96,000 tonnes of the total were purchased on cash payment at US$25O per tonne, and the rest on a deferred payment basis. Reuter
      Reuter  -  39 words
    • 79 12 THE Straits tin prtae is Penaag yesterday held at MW.S a kll*. The price was within the ITA tower raage sI $9.15 aad $32.16. Dealers acted scattered baying tram Japanese aad laeal Interests despite sterling's (all against the Malaysian dallar which sflset a firmer clsac In Lsadsa last
      79 words
    • 97 12 Crude MALAYSIA M$/tOMW H vie tiers doting price* June (south) 1,395.00 June (north) 1,360 00 June (central) 1,390 00 LONDON USVtOMW v Win dMM price w htm 15 Sumatra 5% Aug 740 00 down 25 Sep 720 00 down 25 Oct/Dec 700.00 down 30 ROTTERDAM US$/tW>M <--M (IMffl
      97 words
    • 86 12 THE Japanese Agriculture Ministry is seeking reorganisation of commodities exchange markets which are within its jurisdiction. An Agriculture Ministry spokesman said the ministry is willing to combine existing exchange markets in and around Tokyo to make an international core market in Tokyo. This market
      86 words
    • 330 12 SINGAPORE The market closed slightly lower yesterday with July One RSS buyers quoted at 185.00 cents per kilo, down half a cent from last Friday. The morning session was marked down slightly on lack of buying interest in quiet trading after an easier opening. Prices recovered slightly in the
      330 words
    • 291 12 RAS prices S cents/kilo, FOfl in botes) NOON CLOSi luytri SeHen Buyers Seim Int 1 RSS prompt 181 00 182 00N 181.75 182.75N tnf 1 RSS July 184 25 184 75 185 00 185 50 Int I RSS August 188 50 189 00 189 0C 189.50 Int
      291 words
    • 92 12 (in cwm/1 tor i poltott) July August (currant mth) (forward mth) NOON NOON RAS Itfyfn hiyn Sg|m SSR 20 187 50 189 50N 189.50 191.50N SSR 50 185 50 187.50N 187 50 189 50N MRELB wy#rs Bwywi Siim SMRCV 238 50 240 SON 240.50 242 50N SMRL
      92 words
    • 925 12 COFFEE Robusta futures ended a quiet morning yesterday with losses of £19 to £10 per tonne from Friday, having rebounded from early £26 declines. September traded at midday at £2,204, down £19 from Friday, but £7 above its low. The turnover of 1,206 lots was boosted by 628
      925 words
    • 157 12 AFP THE Association of Tin Producing Countries began a four-day meeting in Kuala Lumpur yesterday to discuss ways of raising tin consumption. They are expected to draw up the programme for the ministerial meeting to be held in Bolivia in September. High
      AFP  -  157 words
    • 140 12 FLEECE WOOLS of 22 micron and finer should be keenly sought by the trade at this week's wool sales. The volume of this type being offered is larger than expected and broader wools, especially those with vegetable fault, are likely to
      140 words
    • 59 12 SOUTH African gold output rose to 57,055 kilos in May from 56,391 kilos in April, but was slightly down from the 57,306 kilos produced in May 1983. This brought total output for the first five months of 1984 to 281,199 kilos, up marginally from the
      59 words
    • 212 12 AFP PHILIPPINE coconut; production this year is expected to fall about 12.4 per cent to 1.83 million tonnes in copra terms compared with 1983's 2.09 million tonnes. The United Coconut Association of the Philippines said the tall was due to a. drought which lasted
      AFP  -  212 words
  • Page 12 Advertisements
    • 54 12 ,S S<^» W Serving an international menu for Luncheon Dinner. Also, throughout the day evening The Boathouse Bar features Trader Vic's exotic tropical drinks with light tantalizing food specialties/ Open 11.00 am to 1.00 am everyday New Otani Hotel sth Floor Liang Court 177 A River Valley Road For reservations,
      54 words

  • SHARE INFORMATION
    • 4083 13 AFTER a week erf losses, the Singapore stock market continued its downward drift yesterday in subdued trading. Except for a few situational stocks, the market closed generally easier on a broad front. The all-sector BT Composite Index lost 2.69 points to 836.80
      4,083 words
    • 233 13 SINGAPORE Rises Indices Sataa 90' Drad» 675 G Luster 261 TOM 322 Sfm Load 392 LIMSOc 338 M T P 308 Strain Trading 535 G—iwiu 510 f M HU«i 505 Sapraaw Corpn 190 H Laong Fin 402 Falls M Cimm 700 40 17 16 8 8 +6
      233 words
    • 508 13 INTEREST remained subdued at the Kuala Lumpur stock market yesterday, with share prices finishing lower across the board. With the absence of any positive developments on the local front, coupled with the sharp falls on world markets last Friday, investors continued to be cautious for
      508 words
    • 2833 13 BIO and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      2,833 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 722 14  -  By NAJEEB JARHOM THE Law Society of Singapore has hit out at certain amendments to the Companies Act. Significantly, Clause 30 was singled out for harsh criticism by the lawyers in their representation, both written and oral, to the Select Committee on the
      722 words
    • 460 14 Cable Wireless seeks new Asian business Reuter THE CABLE and Wireless group is seeking new business around Asia, but still expects strong growth from its operations in Hongkong, Mr Brian Pemberton, director/Far East of Cable A Wireless PLC (CAW) said. Mr Pemberton, who is also a director of Cable A
      Reuter  -  460 words
    • 96 14 HONGKONG Hong Seng Index Monday Closed Friday 932.37 Week ago 966.12 TOKYO Tokyo Dow Jones Monday *****.47 Saturday *****.73 Week ago *****.83 TSE Index Monday 775.17 Saturday 772.78 Week ago 800 58 SYDNEY Australian Minings Monday 422 7 Friday 427.5 Week ago 454.0 Australian Industrials Monday 898.5 Friday
      96 words
    • 659 14 UNILITE Electrical Industries Bhd, which recently completed a restructuring exercise, has forecast group pre-tax profits of at least M 52.6 million for this year. This compares with an estimated pre-tax loss of some |2 million in 1963. Based on the weighted average number
      659 words
    • 1865 14 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Alcom (2.178 2.185) (I) 2 18 (I) 2.17 xd
      1,865 words
    • 170 14 SUNGEI Way Holdings Bhd has proposed to raise its stake in Juta Industries Sdn Bhd to 99.6 per cent by acquiring a further 1.33 million $1 shares or 26.6 per cent in the latter for M 56.65 million cash from Perusahaan Ramli Kassim Sdn Bhd.
      170 words
    • 199 14 Monogri' priccs for JufM 19 Singapore Unit Trust Th« Ccxnmrc» 3 16 3.36 The Saving» Fund I 92 204 S'por* Prog Fund 1.40 I 48 S'por* S*c. Fund 2.15 2.28 S'por* Invest Fund 1.12 1.19* S'por* Equity Fund 1.39 1.47 Asia Unit Trust Mol Invest Fund 2.56 2.72
      199 words
    • 226 14 BUKIT Sembawang Estates Limited: AGM on June 20 at noon in Board Room of Messrs. Ernst A Whinney, 10 Collyer Quay #21-01, Ocean Building (0104). DUTCH Baby Milk Industries (Malaya) Berfcad: 21st AGM on June 20 at noon at No. 13, Jalan Semangat (Section 13), Petaling Jaya, Selangor.
      226 words
    • 202 14 Company RIGHTS ISSUE Int Wood Kesong Hldgs Lien Hoe Lingui Magnum Corp Textile Corp Toshiba Veneer Products One-for-one 1 at $150 per share One-for-one $1 per share Sub-division of $1 par into 2 shares of 50 cents each Three-for-two 1.50 per share. Sub-division of $1 par into 2
      202 words
    • 195 14 Company RIGHTS ISSUE Ex date Books close Fusan One-for-two SI 20 per shore June 20 June 30 JC-MPH T wo-f or-three with T5R 'A' S1 35 per share June 14 June 21 MPHB Orve-for-three $1 per share June 6 June 16 NST One-for-two fe $4 50 per share
      195 words
    • 414 15 GENERAL LUMBER Holdings Bhd (GLB), lately in the limelight following the advent of a new substantial shareholder, the diversified bumiputra group Safuan Holdings, is likely to see some board changes soon. It is understood that Safuan, which is expected to work closely
      414 words
    • 251 15 THE Oversea-Chinese Banking Corporation grenp has increased its investments in Australia, with Ha recent aeqaisitiea of a Meek sf ACI International Ltd's skares (or nearly Asll million. It Is believed that two OCBC affiliated companies, Great Eastern Life Assurance and Teelty Management
      251 words
    • 517 15 MINORITY shareholders of Supreme Corporation Bhd are being advised to consider each of the options available in connection with the proposed general offer for their shares made by Textile Corporation of Malaya Bhd Aseambankers Malaysia Bhd, independent advisers to minority shareholders on the offer,
      517 words
    • 684 15  -  By NAJEEB JARHOM THE Tan family of 108 C*rp BM, in the name of Eady Investments Pte Ltd, intends to inject their Singapore assets, Parkway Properties and Parkway Land, into Singapore Glass (1974) Ltd, if its takeover offer for the latter becomes unconditional. This
      684 words
    • 291 15 THE INDONESIAN government has granted a 500-hectare piece of land on Pulau Boelan (near Pulau Batam) to United Industrial Corporation and its major partners to undertake an ambitious pig-farming project. UIC is to take a 20 per cent investment stake in a
      291 words
    • 375 15 HARRISONS Malaysian Plantations Bhd has declared its offers for four related estate companies Castlefield (Klang) Rubber Estate PLC, Holyrood Rubber PLC, Kuala Selangor Rubber PLC and Sogomana Group PLC unconditional as of the end of last week.
      375 words
    • 29 15 TAT LEE Bank Ltd's subsidiary TLB Bullion Pte Ltd has changed its name to TLB Bullion Futures Pte Ltd with effect from May 22.
      29 words
    • 177 15 HTHE transfer books and register of members of Hlad Hetels Iaternattonal Lid will be closed from June 29 to July 5, 1984, to determine shareholders entitlements to its bonus issue. OVERSEA-CHINESE B-ktag C*rp. a substantial shareholder of Robinson k Co Ltd, has bought 15,000 shares of the company
      177 words
    • 257 15 BUSINESS tycoon Datuk Syed Kechik bin Syed Mohamed has been chosen by the American Academy of Achievement as one of the 1984 "giants of accomplishment". He will receive the Golden Plate Award at the 23rd annual Salute to Excellence weekend programme in
      257 words
    • 947 15 THE market ended firm yesterday after a weak start helped by new time buying and the £1.22 billion May rise in UK PSBR, which was below some expectations, dealers said. Some issues, however, eased from their mid-ses-sion highs as Wall Street opened lower. At 3pm, the FT 30
      947 words
  • Page 14 Advertisements
    • 173 14 BANK OF INDIA (LONDON BRANCH) U.S. $20,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE 19TH DECEMBER, 1986 (EXTENDABLE AT CERTIFICATE HOLDER'S OPTION TO DECEMBER, 1988> In accordance with the provisions of the Certificates, notice is hereby given that for the interest period from 19th June, 1984 to 19th
      173 words

  • Page 15 Advertisements
    • 119 15 Hongkongßank Interest Rates Savings Account 7.251 InMrm cafcdaird dat>. cradled monthh. Time Deposits 1 —12 months 7.501 Per annum BEACH ROAD: 1 IS Beach Road. Tel: *****75 COLLYER QUAY: 21 Collycr Quay, Hongkongßank Building. Tel: *****44 JURONG: I Tah Ching Road. Tel: *****41 MARINE PARADE: 80 Marine Parade Road. Parkway
      119 words

  • 350 16  -  Easier to take goods for overseas shows By JOHN LIM BUSINESSMEN travelling with samples or exhibitors taking part in overseas shows will soon find it easier to bring their goods into 41 countries, including Australia, Denmark, Italy, Japan, the UK and the US. Customs documentation
    350 words
  • 152 16 AFP A TOP US industrialist yesterday issued a strong appeal for common action to prevent the world trade and monetary system from "sinking under the weight of myopia and neglect". Henry Ford n, former chairman of Ford Motor Company, told the inaugural
    AFP  -  152 words
  • 43 16 Reuter ABOUT 1,000 undercover marshals armed with the latest weapons and orders to shoot and disable robbers are now patrolling Manila. The marshals, formed in 1962, were reactivated after reports that hold-ups and other crimes had increased. Reuter
    Reuter  -  43 words
  • 72 16 SCIENTISTS and medical experts from Australia and the US have been invited to take part in a one-day symposium on nutrition. Some of the topics are the benefits of enteral and parenteral nutrition, the methods involv- Ed and associated problems. The seminar, to be held this
    72 words
  • 202 16 Reuter THE newly-installed president director of Indonesia's state oil company, Pertamina, said one of his main objectives is to accelerate oil exploration. Abdul Rachman Ramly, installed as Pertamina chief last Saturday, said in a message to employees he will maximise oil production and
    Reuter  -  202 words
  • 286 16 TUNKU Abdul Rahman, 81, whose health is reported to have improved after his third round of animal serum treatment for arthritis and rheumatic pains in West Germany, will be back in Malaysia today. The Tunku's assistant private secretary, Mr Sani bin Abdullah,
    286 words
  • 366 16  -  By LEE HAN SHIH THE HOUSING and Development Board has paid more than $1 million to enlist the help of a moon goddess called Artemis to help it in building flats. But unlike the sister of Apollo who rides a silver
    366 words
  • 243 16 MALAYSIANS wishing to visit India after June 24 will have to apply for a visa from the Indian High Commission in Kuala Lumpur. A spokesman of the commission said the new regulation was introduced over the weekend but there would be a grace period until June
    243 words
  • 55 16 STOCKS were weaker in early trading yesterday, continuing the weakness shown during the past week. The Dow Jones Industrial Average, which fell over 44 points last week, slid a further 3 >/2 points to under 1064. Overall, losing issues led gainers about five to two. Volume
    55 words
  • 103 16 UMBRELLAS and raincoats will be necessary for Singaporeans for the rest of June because rain is expected almost every other day. A report from the Meteorological Service says that the prevailing south-west monsoon will persist, bringing isolated showers in the
    103 words
  • 216 16 SINGAPORE'S computer industry experienced a faster growth in installations than its Hongkong counterpart last year, but slower than those in Malaysia, Indonesia and Thailand. Measured by the increase in mini- and mainframe computer installations, the growth in Singapore was 22 per cent, compared with Hongkong's
    216 words
  • LATE FILE
    • 37 16 UPI PAKISTANI Foreign Minister Sahabzada Yaqub Khan denied China was supplying his country with nuclear technology and dismissed reports that Pakistan will benefit from nuclear technology sold by United States to China. UPI
      UPI  -  37 words
    • 58 16 Reuter ANGRY university students tried yesterday to break up a lecture given by a professor who had suggested that Australia is taking in too many Asians. Police arrested about 20 students from a group of 150 who tried to enter Melbourne University's History Department, where
      Reuter  -  58 words
    • 50 16 Reuter EIGHT Iranian defectors left Cairo for Athens yesterday aboard the commandeered Iranian navy transport plane they flew to Egypt last Friday, Egyptian officials said. The plane took off from a military base east of Cairo at 1250 GMT with all the Iranians on board. Reuter
      Reuter  -  50 words
    • 34 16 Reuter NICARAGUAN leader Daniel Ortega met Soviet President Konstantin Chemenko yesterday for talks on tensions in Central America, Soviet news agency Tass reported.lt gave no details of the meeting. Reuter
      Reuter  -  34 words
    • 49 16 AFP THAI Supreme Military Commander Arthit Kamlang-ek left Bangkok yesterday for official visits to Japan, the US, Austria and Britain until July 7. During the 20-day official visits, Gen Arthit, who is also army chief, will meet military leaders and visit military bases. AFP
      AFP  -  49 words
    • 39 16 AFP STRICT anti-doping checks planned for the Lo6 Angeles Olympics could have been a factor in the Soviet Union's decision to stay away from the Games, according to yesterday's issue of Time magazine. AFP
      AFP  -  39 words
    • 50 16 Reuter INDONESIA'S Armed Forces Chief, General Benny Murdani, has assumed direct responsibility for the security of President Suharto and his family, the official armed forces newspaper Angkatan Bersenjata said yesterday. It said the armed forces' military police, previously in charge of presidential security, had been disbanded. Reuter
      Reuter  -  50 words
  • 224 16 UPI TAIWAN plans the largest reductions in its import tariffs ever in a move that would cover more than 1,000 foreign products, officials said yesterday. A 15-member special task force made up of officials from the economy and finance ministries are studying the
    UPI  -  224 words
  • 223 16 Bernama ARRANGEMENTS have been made to open all the 22 customs and immigration lanes at the Causeway from Thursday to cater to the anticipated rush by shoppers preparing for Hari Raya. Head of the customs at the Causeway, Mr Yusof Jai, said yesterday
    Bernama  -  223 words
  • 157 16 Reuter THOUSANDS of coalminers yesterday stoned police outside British Steel Corp's Orgreave coking plant in South Yorkshire in the worst day of violence since the dispute began 15 weeks ago, police said. Between 5,000 and 5,500 miners confronted 3,000 police, 46 on horseback. At the last
    Reuter  -  157 words
  • Page 16 Advertisements
    • 168 16 AMBASSADOR The latest range from FORDK ZaXCMM In business, paper indiscretions can destroy you. New product details, expansion plans: what are they worth to your rivals? Wage structures and personnel assessments: how would they affect staff relations if seen by the wrong eyes? Fordigraph, Britain's v biggest shredder manufacturers, have
      168 words
    • 308 16 Are you paying your staff too much?.., or not enough? To answer this question you need the 1984 81/PERS SINGAPORE EXECUTIVE COMPENSATION REPORT. The Singapore Institute of Management, in cooperation with Business International Asia/Pacific Ltd., offers the most reliable and accurate compensation survey available in Singapore. The report is: Easy
      308 words
  • Page 16 Miscellaneous
    • 57 16 Outlook for today: Portly cloudy with showers over o few areas in the afternoon. Report for 24 hours pnor to 7 30pm on Jun« 18 at th« oirport: Maximum temperature 31.5 Associated humidity 73 Minimum temperature 24.3 Associated humidity 97 Hours of sunshine 10.00 Rainfall in millimetres Nil Rainfall this
      57 words

  • SHIPPING TIMES
    • 318 17 THE MARITIME Company of the Philippines (MCP), one of the pioneers in overseas liner shipping, is sinking fast. Its remaining seven ships have been abandoned to its creditors. A MCP ship, Nasipit Bay, was auctioned late last month for only U*****,000 by
      318 words
    • 626 17  -  By DANIEL SIM THE REVISED Uniform Customs and Practice for documentary credits (UCP) 1983, which will be effected from Oct 1 this year, has become a bone of contention in freight forwarding and banking circles in Singapore. Various interpretations have risen from the UCP
      626 words
    • PORT SIDES
      • 138 17 THREE OF the nine container ships ordered in West Germany by the Chinese state-owned shipping line Cosco will have an enlarged capacity of 1,700 TEU, instead of the originally planned 1,270 TEU. Recently, Cosco signed agreements on the new size with the three yards concerned HDW, AG
        138 words
      • 68 17 SHORT-SEA container specialist Bell Lines is to increase capacity by lengthening two of its 132 TEU "R" class ships. Contracts worth £800,000 for the Bell Ruler and Bell Racer to be lenthened by 12 metres have been placed with the Verolme Cork Dockyard and Readhead Shiprepairers on the
        68 words
    • 646 17 ihiiMiMi n 1 1 Hupping unv Col Abe* Transport V 5 Afeo VI 3 Ahrenkiel Lnw VI 5 Alpoc VI 5 Antofa Shpg IV 1 APCUne V 4 APL 4/5 ASCL 1 Asiabroker V 5 Austatia Lme V 1 Bo It-Orient VI 4/5 Bangkok Coot VI 2
      646 words
    • 562 18 EVERGREEN Line goes round-the-world in a month's time. Two main routes, eastbound and westbound, will encircle the globe in SO days using the Taiwanese line's newly built G-type container ships. Feeder services have been expanded to cover liftings from ports not on the main routing. The
      562 words
    • 454 18 Fairplay A LAST minute agreement reached between the Australian Seamen's Union and the Merchant Service Guild has effectively saved ANL from closure. The agreement, which has been described as a "major break-through" by ACTU president Cliff Dolan, centres on reduced
      Fairplay  -  454 words
    • 1612 18 LIMITED sugar chartering and time-charter business developed on an otherwise dull freight market on Friday, with signs of further easiness for grain fixing from the US, shipbrokers said. Sugar was covered from Queensland to Prai at US$l7, and from Queensland to New York at $22. while $14 was
      1,612 words
    • 119 18 AFP MANAGEMENT of the Alsthom-Atlantique firm which operates shipbuilding yards at St Nazaire on the French west coast confirmed that the workforce of 5,600 was to be cut by between 1,200 and 1,250 by the end of 1986. Management told employees that allowing for early retirement
      AFP  -  119 words
    • 332 18 NYT A US COAST Guard board of inquiry heard conflicting testimony on the effectiveness of safety measures aboard an oil-drilling ship that sank in the South China Sea. All 81 crew members are believed to have drowned in the typhoon that sank
      NYT  -  332 words
    • 195 18 THE MAJOR shipping consortia operating between the Far East Europe, Far East Persian Gulf, Straits ports Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia
      195 words
    • 203 19 AFP NEW SHIPS needed by Indonesia to replace scrapped island-going vessels will be built domestically, Director General at Sea Communications Effendy Habibie has said. The government has assigned the research and technology institute to design coasters and island- going ships suited to Indonesian conditions.
      AFP  -  203 words
    • 276 19 WITH the enactment of the new code of maritime law almost complete, the Manx government expects to start operating a Class A shipping Register from next January. The Isle of Man Harbour Board will be responsible for the operation of the register, and
      276 words
    • 615 19 Lloyd's List A MAJOR European shipowner has appealed for government permission to employ cheap foreign crews on liner vessels. The Belgian company, CMB, has disclosed that it had asked the government to allow the hire of seamen from developing countries at reduced rates
      Lloyd's List  -  615 words
    • 136 19 Reuter THE SUEZ Canal Authority has decided to inspect the growing number of old ships passing through the Suez Canal for mechanical fitness, the official Middle East news agency reported. The president of the authority, Mohammed Ezzet Adel, said the increasing use by shipowners
      Reuter  -  136 words
    • 87 19 Bernama THE FERRY service between Peninsular Malaysia and Sabah and Sarawak is expected to start next May. Kuan tan Port Authority chairman Haji Mohamad Arain Daud said the service would initially operate once weekly. He said a modern vessel capable of accommodating 800 people
      Bernama  -  87 words
    • 5540 24 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      5,540 words
    • 687 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Achieve I88I7W 19 6.84 2359 G Asia FSB 1100-1200 N4 Hamburg Exp 63/547 ***** 2300 Segani FSB 0900-1100/0900-1100 Bl/Fl E Promoter *****W 20.6.84 0700 G
      687 words
    • 1754 25 The leading shipping lines operating from local ports and their agents. A-B AFEA African Shipping Agencies «S l Ur*-KimU liae Transgroup iS) Ahreaklel Liaer ServW Kim Shpg <S) Alfred C Ttrpfrr Oceanus Shipping Agen cy (S) Manntex Enterprise (PK) Alpar Intrasea <S) Bintang Shpg (KLI Island
      1,754 words
    • 490 26 Jane 17-29 Antarctic politics and marine resources: critical choices for the 1980s, Centre for Ocean Management Studies, University of Rhode Island, Rhode Island, USA. June 18-11 The European Offshore in 1964, Financial Times/Norwegian Journal of Commerce and Shipping conference, Grand Hotel, Karl Johans Gate 31, Oslo. Jue 19-22
      490 words
    • 523 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Altair 29/30 Crown Marine alongside 19.6.84/1500 An tax 15/6 Jardlne alongside 19.6.84/1200 Camphor 19 Sharp alongside 19.6.84/0500 Frotakobe 46 Merlion alongside 19.6.84/1100 Frotasantos 47 Merlion alongside 19.6.84/0530 Linden 35/6 BOR alongside 19.6.84/1300 Athlon 46 BOR 19.6.84/1100 20.6.84/1500
      523 words
    • 367 26 AFP BUSINESS was quiet at first on the tanker last week following an attack on a Kuwaiti tanker, but enquiry widened later in the Gulf states area where Japanese interests forced rates up to their highest for four and a half years. Other centres were also helped by
      AFP  -  367 words
  • Page 17 Advertisements
    • 619 17 TIMES Business Diivc lory of Singii|>orc (BUKU MKRAH) GIVES YOUR PRODUCTS SERVICES THE PROMINENCE THEY DESERVE lAHDINK A NT AH OSEALORDE3 iOOCL I o*|entoveiqeas GotUaitm Line FULLY CONTAINERISED SERVICE TO EUROPE VIS SUEZ •CHEVAIIR PAU. 40* cxm comma 26* chevaier ms 39* H GNtICT 20* MAfTDtIMCX 2* KOREAN CHANCE IS*
      619 words
    • 172 17 I TCMDS LONDON Freights 11/11 l CONSORTIA II SHIPPING Schedule VIII/IX CONTAINER Schedules IX WHO Acts for Whom IX SHIPPING Events X SHIPS In Port X REGIONAL Westher X DEPARTURES TO USA. CANADA. CARIBBEAN AND INLAND AMERICA Feeder Vesselline Haul Vessel WORLD LION 159/ N. CORAL 23 WORLD LION 159/
      172 words
    • 594 17 B ALT-ORIENT LINE Baltic Shipping Co Rofiiar SmicH from South East Asia to United Kingdom and Hath Continental forts Agent: Singapore Soviet Shipping Co Pto Ltd Tel: *****3 MAERSK LINE FASTEST SERVICE FROM SINGAPORE TO USA LONGBEACH OAKLAND 18 DAYS 19 DAYS NEXT SAILING M.S. LAUST MAERSK SINGAPORE: 26/6/84 PORT
      594 words

  • Page 18 Advertisements
    • 268 18 r—# FAR EAST/EUROPE CONTAINER SERVICE To_Eurgf>e. From fi»np« > Mm fecial ftr. 1) Barcelona Genoa. 2) Amsterdam Antwerp. I Havre. Basle UK. 3) Bremen. Bremeijawn. Aarhus. Copenhagen Helsinki 4) Malmo Stockholm Oslo 'Acceiftiflf Europe cargo lor feeder via S pore 'Also direct cargo tor Spore ft Bangkok Pts contact PERMSC
      268 words
    • 362 18 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA MIDDLE CAST m Pacific South Wml Pacific North Waat Faadar at Tokyo Faodor at Koba Atlantic/Canada Faadar at Koba M/ 7 Q ana 12/1 IS/O uMp 22/1 Also accepting LCL Cargo for USA Port* only. «n u/» to Doha t Abu Dhat» CONVENTIONAL SERVICES VOX
      362 words

  • Page 19 Advertisements
    • 782 19 The Straits Steamship Group oci Overseas Containers Limited CONTAINERSHIP SERVICE TO UK'CONTINENT ALSO ACCEPTING CARGO FOR: MMa :I* Mm*. Ode 1 CONTAINERSHIP SERVICE FROM UK CONTINENT HR. KS NR. US faM bM SaM MM U/t 11/; WJKKB faw 11/f M/l 22/4 a/4 14/7 IV7 WHS u/t a/4 a/t a/t u/t
      782 words
    • 398 19 Franco Belgian Services H- 1 T :l STOK P.BURLilknrta F*Sta*t Nh rNwa M 22 ftp 23 tm IIM 12 M MM 1(M 17 M It M MAfTDBJC* 29 Mi »tm ISM It M 21M 23M 24 M 2IM KOUR CNMRZ SM IM 24 M 2SM 27 M 21M JIM TkMHUU)
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  • Page 20 Advertisements
    • 634 20 f J~k i TO CONTINENT UK Hapag-Lloyd EXPORTS S'p art P. Keiant Penj lenon Bfcao ITSU 27/4 24/6 2/7 17/7 Genoa H'buj Rdant BXa«on Anteorp 24/7 31/7 2/1 Connecting m Tokyo Connecting m Kobe "Aho occeptmg cargo for ATLANTIC GULF PORTS via nmntlandbridge, ond US MID-WEST by microbridge FROM CONTINENT
      634 words
    • 406 20 IK S LINE FULLY CONTAINERIS ED SERVICE KOKAH CHMO 171 n*D| S>W H Kon| Riotl 21/6 22/6 26/6 27/6 26/6 27/6 1/7 2/7 29/6 30/6 4/7 5/7 1/7 8/7 13/7 14/7 haw T*r« 30/6 6/7 5/7 12/7 7/7 10/7 17/7 22/7 FULLY CONTAINERISED 10 FROM NORTH AMERICA WEST COAST Pl*
      406 words
    • 555 20 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCEPTMG FCI I LCI CARGOES SCP IK HI tOM ANN LHV Enr GM» »/M H/M 17/17 l»/«7 71/17 22/17 24/17 EmGunt N/17 17/17 21/17 31/17 01 01 02'U 04 01 Ewr Gtoi li/07 17/17 07 Ot M/M 11/ M U/M 14 01 also Acctms
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    • 849 20 KIE GWAN SHIPPING (M) SDN. BHD. N». 26A lALAN BERANGAN POiT KELANG. SfIANGOR MALATSIA TIL Nos *****2. 38*435. 3191(2 *****4.*****2.*****7 W. MALAYSIA/S'PORE TO E. MALAYSIA SERVICES: P KLANG S PORE tHATI SENANG KKblu. S tun, L Datu TawaulnPt/20 June 71 73 June SATU KKMu. S kan. Tai.au lnpt/26 June 27/29
      849 words
    • 213 20 US I NOSE u MARITIME PTE LTD Kkt\l ISLAMIC REPUBLIC OF ,RAN SHIPPING LINES IRANIAN SERVICES Sncapvc 24/$ Lu** f* B Afefcat. B KhMMI PORT KEIANG PENANG SMOSt MARITM Pit 110 Til ******4/7 t *****70 MAIOSE MARITM SON BHD Td *****2/3 MALAYSIA TRADE t TRANSPORT ITD Td ***** I *****
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  • Page 21 Advertisements
    • 800 21 PIL GROUP EAST AFRICA/REDSEA SERVICES VESSEL KOTA SEJATI KOTA SALAMI KOTA SEQAft KOTA WISATA KOTA MEOAH VOYAGE E-soa E-511 E-Sl3 E-SIS E-517 LOAOMO FOB: HOOEK>AH, JCOOAH, AQABA ADEN, HOOEIOAH, JEOOAH, AQABA, PTSUOAN TAM AT AVE, MAPUTO, D "BALAAM, MOMBASA, MOGADISCIO ADEN, HOOEIOAH, JEOOAH, AQABA HOOEIOAH, JEOOAH, AQABA. PTSUOAN, MOMBASA. D'SALAAM
      800 words
    • 824 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE OHM FROMJUKK HAM B HAVEN It DAM HAW lenaron SadrO Saied Saded Saded (•■Of fip>ti» Saded Sad*d Saded Sadrd Carkfan by Saded Side* Saded SadeO Kjui(i Mara Saded Saded Saled Saded BenaMer Saded Saded 11/4 71/t Fiaiklwt (iptm 19/S 72/t 73/4 75/4 Liverpool
      824 words
    • 569 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINE Far East S'pore Service Full Container Vessel Butjn Toko- Ko6« Kao- S'por« T|l MAJAPAHT VllO6/11MB GO** VlO 08 11/6 20/6 21/6 24/6 5/7 7/7 11/7 14* 18/7 20/7 25/7 27/7 EXPRESS SEMI-CONTAINER SERVICE TO/FROM EUROPE STORE P.KELAMGTUURY/ RDAM H'BURG AHTWERP LON A'DAM BREMEN MATARAM V9N6
      569 words
    • 667 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S pore P Kelong Penong Poon V 72 In Port/20 June Sailed Htoneywo V 193 23/29 June Poon V 73 11/14 July A BANK LINE EXPRESS INDEPENDENT SERVICE TO UK/CONT SPORE R'DAM HULL HMBG CLYDEBANK 11
      667 words

  • Page 22 Advertisements
    • 581 22 »>Kline —KAWASAKI KISEN KAISHA, LTD. FEEDER/ MOTHER VSI SPORE KOBE GUATAQUL CALLAO ARICA KJUQUE ANTOTTA *AIPAAABO S ANTONO I BROGE W32 SEA EXTORTER *4514 29 Jun 13 M 2« At* 2So (So 7Sp »So »Sp k. ECUADOR/PERU/CHILE 135 Cecil Street -11 01 LKN BLDG TEL *****77 Terminal Office 7 Keppel
      581 words
    • 401 22 JARDME SHTPMG AGENCJES (Ref. *****4/ 00*) 70 SHtHTOW WAY #04 03 MAMMA HOUSf S*GAPO« 070? TEI *****11 TELEX NO RS ***** CFS OFFICE IPC #03 029 Tet *****31 and *****32 TERHNAI OFFICE TPC #03 030 Td *****90/*****93 IE CHAR CHING MARINE CO LTD CCUk'll Mono *ssa CCSFO CC 168 ccrn
      401 words
    • 641 22 /u CALIFORNIA/PACIFIC NORTH WIST SERVICE EXPRESS CONTAMER/REEFER/BULX SERVICE lu** tor lOS AMGEUS SAM FRANCISCO SIRTTU. TRCOMR VANCOUVER B C *tcn)i»n ra/ra cmmn ..™r vr ari. var AUSTRALIA EXPRESS CONTAINER SERVICE Acc*te| Fa/Fa C«nt«nm '•ho Kccptnf tran PRctm, tar Auc* Wtß Lytt Clown a* PSA/COII G* 31/3? at 1200 In 19
      641 words
    • 642 22 SANKO ASIA LINE.) FROM JAPANESE PORTS ANO HONGKONG M GOLDEN LINE MAN «MNSMPPMC(fTE)III) (•M| Im| filing b* MM* M Ctd ittti smarm 0104 i« nam <ia umsi I* bull imp* M?U t ite| nmi STRAITS/PERSIAN GULF SERVICE: GOLDEN 9 ASON Colombo HkniQibooi Dub* Bjh r»n fcuaiit GOLDEN CUT Karachi Dub*
      642 words
    • 485 22 INTRASEA (PTE) LTD 10 Anson Road »27 16 Iriternation.i Pm/.i Singapore 0207 Tel *****1 1 (10 Lines BREAKBULK SERVICE TO EUROPE/UK FORT NELSON 88M907 S port p Ketang Lo*dfa| for--25/6 9/7 SfTE/tOTT ANT /U-K. ALP AC LINE ALPAC ASM 165W6 P Kelang Load** tar: Dwtoan Tarn, SEAWOOD SHIPPING CORPORATION S
      485 words

  • Page 23 Advertisements
    • 639 23 NOL NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE/UK (VIA SUEZ): C PAUL 40*+ C CONTAMER 26*. C RQZE 39W N CRYSTAL 1W MAETERLMCK 2W... K CHANCE 0' t»e AJso accepting cargo to/from Scandinavia C PAUL S'pore Closing Times: FCL Cargo 1500 21/6 LCL Cargo 0300 21/6
      639 words
    • 479 23 HEUNG-A SHIPPIN Korean Flag Vessels o!SP NTA,NER,SED D»«ECT SERVICE TO ANGKQ* KEELUNG. BUSAM INCHON lb 0m»/442N Hi 7 DM/MW Ni DawtOM Nr I Dmm/WM QM/NM Hi. Dm 403N Ni i Dm/WW Nf PI UNI AGENCIES PTf I TO lei *****7 7 ***** 34 Bookings) W/510 ??1?0?? lOperilmm) ???/48' ??09?84 (lefiranall
      479 words
    • 879 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BULHNG 55, Marfcet Street Snfapore 0104 Telephone Number? *****3 (15 Lnes) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P tfWNG PENANG N/S SHARKAT NAM SOON SON. M> IST AND 2NO FLOOR. MESSRS HN THONG SWT* 23 WeM
      879 words
    • 106 23 ahrenkiel liner service gmbh DURBAN. JOHANNESBURG MAPUTO. MAURITIUS REUNION WESTBOUND A RITA 11W/84 30/6/84 16/7/84 EASTROUND ETD R BAY ETD DURBAN 20/6 ETA SIN 8/7 EASTERN HARMONY 6E/84 14/6 Agents: Kim Shipping A Trading Pie Ltd 63 Market Street. *06-06 Tat Lee BtOg S pore 0104 Telex RS ***** KIMTRA.
      106 words

  • Page 24 Advertisements
    • 703 24 Ke<|i«NMl Container Lines 2 Sailings Weekly Reliable Regular Punctual ki:L i .Berthing PSA 1500 Hrs Tuesday Saturday REGULAR FEEDER SERVICE TO PHUKET/SONGKLA VOY *Sm SMA BKK PUT SKLA RAT ANA BHUM 183 114 21 to, 23/ JO km RATANA BHUM 249/250 3/4 M 7/1 kd RATANA BHUM 115 186 10/11
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  • Page 25 Advertisements
    • 86 25 LICOKNE iGENTS SEALION SHTPIN6 (S) PTE LTD. SALES/BOOK MGS TEL 2205M1 (t LMES) French Line REGULAR SEMI-CONTAINER SERVICE TO BANGLA DESH/INDIA/SRI LANKA/PAKISTAN Vessel M/V ARMAGNAC V6LS4 M/V ARTOIS V7LS4 M/V HAUSSMANN VBIS4 ICS SPOK 19/6 24/6 3/7 8/7 21/7 30/7 m iM 30/6 3/7 6/7 13/7 16/7 19/7 4/8 7/8
      86 words
    • 215 25 Scan Dutch 9 To Europe (Med/UK/NC/Scan) Anson Sid Anson 21/6 Anson 28/6 Anson 5/7 Anson 12/7 Anson 19/7 P. KELANG B Butane Sid 6 Kemumng 22/6 B Butane 29/6 B Kemumng 6/7 8 Butane 13/7 B Kemumng 20/7 2) ROTTERDAM 3) HAMBURG 4) GOTHENBURG 1) MARSEILLES ACCEPTING SAH.WG N Depma-f
      215 words

  • Page 26 Miscellaneous
    • 166 26 I Regional Weather I y s 7L 52 Va t sfc > I 5t c m i* 5 eshs SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND Wind direction with speed m knots Wave height R Thunderstorm Temperature c X\ ft Shower Weather —Wmd direction with speed
      166 words