The Business Times, 21 June 1984

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 THURSDAY, JUNE 21, 1984 60 CENTS
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  • 645 1  -  CONCERN ABOUT INCREASING COMPETITION FROM BANKS By ALVIN TAY CHAIRMEN of five public-list-ed finance companies are concerned about increasing competition from banks and tougher times ahead for the finance industry. Certain sectors, they said, would remain sluggish in spite of the generally promising outlook for
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  • 532 1  -  By BOEY KIT YIN LOCAL rubber prices have plunged in the past few weeks to their lowest levels since January 1982. This has puzzled rubber producers, brokers and dealers. Yesterday, prices for RSS One rubber dropped to 178 cents per kg and
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  • 251 1 SINGAPORE companies' fight against "copyright pirates" took a new turn yesterday when a book distributor obtained a court order to raid a Singapore Polytechnic students' club. The company, Pitman Pte Ltd, was trying to stop the polytechnic's Mechanical and Production Engineering Club at Dover Road
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  • 348 1 WELLS Fargo, ranked among the top 60 banks in the world, is closing down its offshore branch in Singapore. This news comes barely three months after the announcement that it was closing down its merchant banks in Singapore and Hongkong. General manager of the offshore
    348 words
  • Article, Illustration
    69 1 BANKING issues came under heavy selling pre—re by institutions m the Singapore stock market CMtiaied Its downward trend yesterday. Double-digit losses were common among banks while the broader market closed mixed to easier. At the end of the day, the BT Composite Index had slipped 4.13 points to
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  • 390 1 Sing 'internationalised' THE SINGAPORE dollar is said to have become more internationalised, while the domestic financial system remains undeveloped and insulated from direct foreign competition. Professor John Hewson of the University of New South Wales told the 14th Pacific Trade and Development Conference on Tuesday that there had apparently been
    390 words
  • 109 1 AFP AUSTRALIA's international airline Qantas has been asked to use Darwin rather than Singapore as the regional distribution hub for its services from 1986. The request has been made by Northern Territory Chief Minister Paul Everingham in a letter
    AFP  -  109 words
  • 287 1 A CALL for a combined effort to protect the Pacific Rim against a threat from the Soviet Union was made to diplomats, scholars and businessmen from the region gathered in Washington on Tuesday night. In an aggressive address to the US-Asia Institute,
    287 words
  • Page 1 Advertisements
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    • 245 1 Fall in deposits... page 7 TWO BIG contracts worth more than $35 million have recently been aworded by the government to Active Building and Civil Construction Ltd and Daelim Industrial Company. Page 2 COMPANY welfare through employers' CPF contribution was officially inaugurated yesterday at two government-owned groups of companies. Pag*
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    • 16 1 Full report, Pag* 13 International stocks, Paga 10 Asian stocks, Paga 11 Other reports... page 9
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    • 52 1 the one and only Dr. Sony any day of the year *****1 The Sony Service Centre Bright economic future... Back Pago a" v> v> > The Cartier Jewellery are available exclusively at all Cartier boutiques. Les must de Cartier Boutiques: Singapore 304 Orchard Road, Lucky Plaza *01-36 1. Cuvcaden Road,
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  • HOME NEWS
    • 313 2  -  By LISA LEE TWO BIG contracts worth more than $35 million have recently been awarded by the government to Active Building and Civil Construction Ltd and Daelim Industrial Company. The larger contract of $22.4 million went to Daelim which will build a part
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    • TRADE TALK
      • 57 2 of Singapore has in- stalled a new management software system to assist in the quick evaluation of multimillion dollar tenders. The installation is said to be the first in South-east Asia to be based on MODEL, a new financial management system marketed by Asiaciti Computer Services
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      • 79 2 of Australia has developed an alarm system which, for the first time, works independently of telephone lines. This makes the system tamper-proof and invulnerable to cutting, flooding and excavation as there are no telephone lines to cut. Called Securilarm, the product comprises a monitoring base which has a radio
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      • 91 2 has introduced Invest- pak, a new software package designed to assist brokers, security analysts, financial managers and all those involved in financial investments. The package consists of 25 ready-to-run interactive computer programs that cover the most common areas of financial investment risk and return, transaction costs and
        91 words
    • 166 2 THE Redundancy Payments Fund received $1.2 million last year for 37 retrenched employees of the British Armed Forces. Disbursement from the fund to members during the same period, however, amounted to $629,000, slightly more than twice the sum paid out in 1962. This was
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    • 106 2 THE INSTITUTE of Systems Science (ISS) is holding its first Careers Fair to match its students with prospective employers. The fair, this Friday and next Monday, will attempt to match the present batch of 43 students of the Postgraduate Diploma in Systems Analysis (SA) with 12
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    • 248 2 SING HUAT Hardware, one of Singapore's longest established suppliers of industrial machines and tools, has set up a subsidiary called World-Wide Machine Tools to handle specialised product lines and to provide better after-sales service. "World-Wide, being a more compact operation, will be able
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    • 276 2 Seminars and courses DURATION TITLE VENUE ORGANISER June 21-22 Computer Applications Hotel Equatorial Applied Technology In Project Management June 23 Work Hours POD Centre at POO Pte Ltd Waterloo Centre June 24 Introduction to CP/M Waterloo Centre NUS, Department Of Operating System Extramural Studies June 25 3-D Computer Aided
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    • 407 3  -  By JOHN LIM COMPANY welfare through employers' CPF contribution, or Cowec, was officially inaugurated yesterday at two government-owned groups of companies. It ended three years of drawn-out discussions and cautious planning. Chartered Industries of Singapore and Singapore Automotive Engineering, which are in a group of 10
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    • 252 3 A PHOTOCOPIER that does almost everything by itself was unveiled by Rank Xerox yesterday. It makes copies, turns pages, arranges copies in the correct order and even staples them. The only thing it cannot do is set the right buttons and remove jammed paper. The model
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    • 116 3 A COLLECTION of exclusive Boucheron jewellery is to go on show in Singapore. The fast expanding watch and jewellery retailer, Hour Glass Pte Ltd, is to be the sole agent for the Boucheron collection in South-east Asia. Mr Alain Boucheron will sign
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    • 121 3 THE EUROPEAN Economic Commission will sponsor the third seminar in the series of five EECAsean seminars on "Transfer of Technology and Socio-Economic Development". The seminar seeks to enhance the participants' abilities in an effective contribution to their coun- tries' socio-economic development through:
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    • 165 3 THE PEOPLE'S Association's Community Development Fund stood at $2.95 million at the close of the year 1982/83, compared with $582,633 for the year 1961/82 up five times. These figures were published in the People's Association Annual Report for the year 1982/83. The Community Development
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    • 25 3 MAIL services to El Salvador have been suspended until further notice. The suspension has been requested by the postal authority in the country.
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    • 127 3 THERE must be close collaboration between health authorities and the media producers in the cause of health promotion. This partnership would lead to health promotion at the lowest possible cost, without sacrificing mass media effectiveness. These remarks by Mr Wan Hussin
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    • 355 3  -  By TSANG SAU YIN THE WORSENING problem of drug addiction among young people in Asean countries warrants a project to look at drug abuse. This was suggested by Ambassador Narcisco G Reyes, keynote speaker at the ongoing Round Table meeting on how the
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    • 97 3 SINGAPORE'S national health promotion has always combined planned media campaigns with personal contacts. This was pointed out by Dr Luisa Lee at yesterday's discussion on how the media can be more effectively used for the promotion of better health and nutrition. Apart from Dr Lee, Mrs Chuo-Ng
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  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • OVERSEAS
    • 368 4 Reuter AN INFLUENTIAL member of the US House of Representatives tax-writing committee said yesterday that a congressional tax conference committee was ready to repeal a 30 per cent federal withholding tax on interest paid to foreign investors. The administration has said that the tax
      Reuter  -  368 words
    • 119 4 Reuter AMERICAN civil rights leader Jesse Jackson said yesterday that Walter Mondale was "absolutely not" serious about naming a woman or a black as his vice-presidential running mate. He said that in the next few weeks, large numbers of "blacks, Hispanics, Asians, women, gays, lesbians and
      Reuter  -  119 words
    • 139 4 Reuter THE AUSTRALIAN government has announced new tax procedures designed to screen more effectively transfers of funds to countries regarded as tax havens. The move follows the lifting of exchange control restraints with the floating of the Australian dollar last December and
      Reuter  -  139 words
    • 374 4 AFP UP TO 5,000 doctors in New South Wales public hospitals began an indefinite strike yesterday in protest of state government legislation caused by Australia's new health insurance scheme, Medicare. An eleventh-hour meeting on Tuesday night failed to halt the strike and
      AFP  -  374 words
    • 215 4 AFP THE US HOUSE of Representatives yesterday approved of granting an amnesty to all illegal immigrants who arrived in the US before Jan 1, 1982. The proposal was in an article of a major immigration reform Bill. The article was adopted by a vote of
      AFP  -  215 words
    • 736 4 ARRIVALS Operator Service number Local time From KAL PAA CAL SIA MAS TMA MAS SV MAS MAS RBA SIA CPA GIA GIA SIA SIA MAS MAS GIA SIA SIA SIA GIA SIA THAI GIA SIA THAI SIA LUFT CPA MAS UL MAS SIA UTA SIA SIA GIA
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    • 259 5 UPI ARAB oil producers in the Gulf have built six pipelines and planned additional routes to circumvent the strategic oil channel since the Iraq-Iran war began threatening shipping in 1960, the Mideast Report said in its current issue. Gulf producers now export about 7.3
      UPI  -  259 words
    • 78 5 Reuter BRITISH gold refinery worker Michael Armstrong walked away with a small fortune, a court was told yesterday. He beat bullion plant security checks by secreting gold scraps in his work shoes. Over three years, he smuggled out £125,000 worth but hid most
      Reuter  -  78 words
    • 106 5 AFP A SOUTH KOREAN product will be advertised in China for the first time. Seoul's Borneo Furniture Company said yesterday that a large acrylic board would be put up at Canton's railway station, advertising its wood furniture from July 1. Borneo said it had
      AFP  -  106 words
    • 221 5 UPI THE US will bolster Kuwait's air defences against Iranian attack with "immediate and effective improvements", but will not sell Stinger anti-air-craft missiles to the oil sheikdom, the Pentagon said on Tuesday. Pentagon spokesman Michael Burch said weapons sold to Kuwait would
      UPI  -  221 words
    • 162 5 AFP FRANCE has proposed an agenda for next week's European Economic Community (EEC) summit that accords limited importance to the dispute over Britain's budget contribution to the grouping, diplomatic sources in Luxembourg said. The move by France, current EEC president, reportedly came after a two-day EEC for-
      AFP  -  162 words
    • 582 5 Threat of wider war forcing many to go home AP THE ECONOMIC downturn and threat of a wider Gulf war are forcing thousands of workers from developing countries to leave Gulf nations and worsening the lot of many who stay. Hundreds of
      AP  -  582 words
    • 229 5 NYT PRIME MINISTER Margaret Thatcher has condemned what she described as "scenes of mob rule and intimidation" in the 100-day-old coal strike, a day after the worst outbreak of industrial violence in Britain's post-war history in Yorkshire. Answering questions in the House
      NYT  -  229 words
    • 139 5 UPI MAYBE being fat is not beautiful, but overweight people have a place in society, say the Fat Liberationists of the Santa CruzMonterey Bay Chapter of the US organisation. They have picked a prime example in 1.64-m, 136 kg Susan Dubin to
      UPI  -  139 words
    • 318 5 Reuter METALWORKERS and employers' leaders conferred with an arbitrator yesterday to try to settle a five-week strike over working hours in the West German engineering industry amid signs that the union may be ready to compromise. Direct negotiations on a demand by the
      Reuter  -  318 words
    • 430 6 FT BRITISH and Japanese steelplant contractors were seeking urgent clarification yesterday of reports published in Manila that President Ferdinand Marcos of the Philippines had cancelled the construction of a steel complex in the south of the country. Several ministries in Manila were apparently taken
      FT  -  430 words
    • 152 6 UPI US DOCTORS warned on Tuesday that the flashy fad of breakdancing can push the body beyond its endurance, causing torn ligaments, broken bones and more serious injuries. One man broke his neck and was left a quadriplegic. Doctors said that if the
      UPI  -  152 words
    • 137 6 AP THE HEAD of a board investigating the assassination of Benigno Aquino said yesterday that its eight-month-old inquiry was nearing its end, but the panel, after questioning more than 160 witnesses in three countries, still did not know who
      AP  -  137 words
    • WORLD IN BRIEF
      • 55 6 US SECRETARY of State George Shultz will attend two conferences and visit five nations and Hongkong during a two-week tour of Asia and the Pacific in July, the State Department announced on Tuesday. Mr Shultz leaves on July 5 for Hongkong, with later stops in Malaysia, Singapore,
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      • 50 6 FRANCE'S foreign trade showed a slight surplus of about US$lO million in May, according to seasonally adjusted figures released by the Foreign Trade Ministry on Tuesday. Exports totalled $9.14 billion over the month, while imports stood at $9.13 billion, the ministry said. The gross surplus was $107 million.
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      • 69 6 EUROPEAN Economic Com- munity foreign ministers agreed to allow France to limit imports of quartz watches from four Asian countries, officials said. Imports from Hongkong will be limited to 4.4 million watches this year, with Japan to be allowed to export about 800,000, South Korea and Taiwan
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      • 39 6 PAKISTAN'S military ruler, General Mohammad Zia-Ul-Haq, said on Tuesday he would complete the process of national elections and transfer of power by March. He told reporters he was satisfied with the preparations of the country's election commission.
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      • 61 6 THE number of "boat people" refugees fleeing Vietnam by sea jumped to 4,555 last month from an average 1,500 in earlier months this year, a United Nations spokesman said on Tuesday. The spokesman, from the office of the UN High Commissioner for Refugees (UNHCR), expressed concern about
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      • 70 6 Agencies ALTHOUGH most Soviets are unfamiliar with Michael Jackson, the Kremlin has denounced the singer, saying he sold his black soul for white profit in a "great show business swindle". The official Soviet Culture newspaper said in its weekend edition that American fascination with Mr Jackson is convenient
        Agencies  -  70 words
    • 320 6 AFP THE HONGKONG government yesterday appointed several officials to top administrative posts as British members of the Sino-British working group on Hongkong's future continued talks with Hongkong officials. The new appointments are in line with a policy of increasing the local representation in
      AFP  -  320 words
    • 251 6 Reuter THE US, which says it is ready to sell some weapons to China, has now announced it also plans to provide Beijing's rivals in Taiwan with 12 big transport planes. The Defence Department told Congress it intended to sell the C-130
      Reuter  -  251 words
    • 244 6 UPI THE ATTORNEY representing the million-dollar estate of Mario and Elsa Rios has said that she will seek to have a court-ap-pointed lawyer represent the interests of the couple's "orphaned" test-tube embryos. Laura Horwitch, the Los Angeles probate attorney handling the Rios' estates for their
      UPI  -  244 words
    • 431 6 AFP CHINA is preparing to impose much tighter control on exchanges with foreign countries, particularly in tourism, culture and art, a top Chinese journal reported. Red Flag, the party's theoretical fortnightly, yesterday said the moves would be directed at fighting the "corruption of
      AFP  -  431 words
    • 67 6 THESE MEN are Mi catching fish. Qnltc the reverse they are Ssvlet crew members trying to tree their Whisky-clan snbmarlae. The vessel has bees 'caught' accidentally la the acts sf aa 82-tonne Norwegian fishing hsat Ben tin sa Tuesday. The Incident sccarred ahsat 89 km sff
      AP photo  -  67 words
    • 143 6 Opeena ENRIQUE Iglesias, head of the United Nations Economic Commission for Latin America (ECLA), said the region's declining exports were a greater cause for concern than its US$35O billion debt. He said the fall in exports of certain products, and the low prices of others, such
      Opeena  -  143 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • Page 6 Advertisements
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  • BANKING AND FINANCE
    • 600 7 SINGAPORE: The local dollar rose to 5J2.1095 1105 yesterday against the US currency from 2.1100/10 on Tuesday and to 5591.20/30 against the Malaysian dollar from 91.25/35. The US dollar closed lower against the mark in moderate trading but was narrowly mixed against other major currencies. It touched a
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    • 242 7 Interbank rates at 3pm C UTTWKtM Nominal rat M Smithsonian quoted yeeterday croaa parity change Local dollars to one unit of foreign currency: US dollor 2 1080 2 1090 2 8196 -2524 Sterling pound ***** ***** 7 3469 -60 46 Australian dollar 1 8635 I 8654 3 4286
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    • 336 7 Asian market DEPOSIT rates closed steady to slightly lower yesterday compared with opening levels. One and two months each eased 1/16 point to close at 11 Vi 11 V» and 119/16 7/16 respectively and three, six and 12 months were unchanged at 11-11/ 16 9/16, 12-5/16 3/16 and 13-3/16 1/16
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    • Article, Illustration
      230 7 SINGAPORE Futures trading was at a standstill yesterday on lack of interest but the market closed higher in line with firmer overseas gold prices. Prompt closed firmer at U*****.70 373.70 an ounce against New York's $371.25 371.75 close, August at $377.40/378.40 against $375.50/376.00 and December at $393.40/394.40 against $390.80/391.50.
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    • 66 7 THE OVERNIGHT rate was unchanged at 6 7 per cent on the Singapore interbank money market yesterday. The one-month term rate eased by 1/16-point, while the twos and threes remained at Tuesday's closing level. S$ interbank rates at 3pm yesterday Offer Bid Overnight 6 7/8 6 3/4 1-month
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    • 39 7 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $150 million 91-day Treasury bills. The tender closes on June 22. Each tender must not be for less than $250,000.
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    • 445 7  -  By AMY BALAN STIFF competition for customer deposits has led to another drop in the deposits bases of local finance companies for the second consecutive month. Deposits of individuals and institutions with finance companies fell by $64 million to $4.7 billion in April, steeper
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    • 145 7 Reuter INDONESIA will sign for two 20 billion yen 10-year syndicated loans on FViday, agent banks LongTerm Credit Bank of Japan and Bank of Tokyo said. One loan, co-lead managed by 10 banks, will carry a fixed interest rate of Japan's long-term prime rate of
      Reuter  -  145 words
    • 407 7 AP US GOVERNMENT regulators are insisting that American banks be more candid about their shaky international loans. And some analysts said that this could affect negotiations over the repayment of billions of dollars in debts by developing nations. Other analysts, however, predict that the
      AP  -  407 words
  • Page 7 Advertisements
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  • FEATURES
    • 459 8 AH MENG, the zoo's star orangutan, was once engaged by a finance company to draw crowds at the opening of one of its branches. That was two years ago. Gimmicks then were an indication of stiff competition among finance companies. But the finance houses were still enjoying
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    • 1043 8  -  Snap elections has launched furious campaigning in New Zealand By SELWYN PARKER THE DECISION by New Zealand Prime Minister Sir Robert Muldoon to call a snap poll for July 14 only the second early election in 33 years has launched a fast and furious campaign
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    • 324 8  -  By RONNIE WEI AP AN AMERICAN lawyer said recently he has invented a system to turn 57 selected Chinese characters into an alphabet to help foreign businessmen send messages to China. Gilbert Di Lucia of New York City said no knowledge of
      AP  -  324 words
    • 499 8  -  By MARK O'NEILL Reuter FRANCE, which lost the last remnants of its colonial past in India just 22 years ago, has moved into key sectors of the Indian economy in a determined drive to increase its share of new markets. French involvement there ranges
      Reuter  -  499 words
  • Page 8 Advertisements
    • 185 8 Midland Bank in Singapore L. < Midland Bank in Singapore is your own direct link into one of the world's largest international banking groups. Staffed by experts with many years of local market experience Midland Bank in Singapore is involved in all aspects of wholesale international banking, including foreign exchange
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  • Page 8 Miscellaneous
    • 640 8 WMNUGLNntaa ®aDsso(Mi) CRYPTIC PUZZLE ACROSS 1 Upsets that can lead to a flore up (6) 7 It grows plan that there's an insect inside (8) 8 Hot stuff from down under (4) 10 She tokes six deliveries (6) 11 Too many times for a two-timer! (6) 14 TV clique? (3)
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  • 14th Pacific Trade and Development Conference
    • 1381 9  -  How events in the Seventies led to financial woes for the Third World in the Eighties By SOH TIANG KENG, Banking Correspondent THE WORLD'S trillion dollar debt problem, its grim implications and the sometimes painful cure was the heavyweight theme of major speakers at yesterday's session
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    • 494 9 IN SOME COUNTRIES, major changes in financial markets are under the strict control of the authorities but Professor Eisuke Sakakibara emphasised yesterday that market forces are in command of the revolution now sweeping Japan. In its wake it was bringing internationalisation and deregulation of the Tokyo
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  • Page 9 Advertisements
    • 61 9 Breguet: Precision mastery since 1775 Abraham Louis Breguet (1747 1823) was one of Ihe most phenomenal watchmakers history has ever known His genius was an overriding influence not only on watch making techniques but also on the beauty of the finished object Available exclusively at 'llbL'/us ci'Suntztr/atut* 6. Scoiis Road.
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  • Page 9 Miscellaneous
    • 922 9 to sm bendo® HIGHLIGHTS: Applause Jazz at the Smithsonian Benny Carter 9.05 pm, Channel 12 Benny Carter performs with Joe Kennedy Jr (on violin); George Duvivier (on bass) and Ronnie Bedford (on drums). (60 minutes.) Thursday Feature Special The Master of Ballantroe 9.15 pm, Channel 5 Expect some of the
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  • INTERNATIONAL STOCKS
    • 379 10 Reuter SUB-UNDERWRITING for the British government's public flotation of the whole share capital of Enterprise Oil PLC has been going well, said John Mac Arthur, director of the company's financial advisers Kleinwort Benson. He confirmed earlier reports from market sources that
      Reuter  -  379 words
    • 98 10 Reuter MERCANTILE House PLC said bid acceptances have taken its stake in discount house Jessel, Toynbee and Gillett PLC to 29.1 per cent of the ordinary shares and 80.1 per cent of the preference shares. Last Friday Mercantile raised its offer, on an agreed basis, to three Mercantile
      Reuter  -  98 words
    • 262 10 SHARE PRICES registered their second consecutive gain on Tuesday in moderately active trading as Wall Street overcame profit-taking to keep alive its efforts to snap out of a lengthy slump. Brokers said government reports showing a slowdown in housing starts sustained investors hopes the
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    • 108 10 JUNE 19 C$ Hud Bay Mm Imp Oi 36% Abrtibi 24* tnco 12% 27% 36* Int Un 23% 21* Mt Mckal 23* 17 10* -M LaMow B 14% EM Tat 29* unctl 3% 24* Mc BkxM 25% -14 31* 16% 24* 48* 20% 40* 20% 17 5% C/nbl Rd
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    • 246 10 II IMF lO i Un St Ml 120 -2 INDUSTRIALS A AMm 9W Unuc Woohvorlh 560 1800 inch 100 Abarcom A£ And a Amaprop AAMC 205 935 445 3100 unch unch -5 unch inch 5 Anglos Angtvool MININGS 2350 ***** •200 unch C G Smith CNA Cum# FrwKi 2350
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    • 681 10 JUNf 19 us$ ACF MUMtwi Atear Alivnn Alcoa S3* 28* 33 22* Afcad Cham Cp AM Sforn ACt-OwAnare Am Brandt btc Am Broadcast Am Can Co Am Cyanamd Am Etoc Pwr Am Exprau Am Horn* Prod Am Mot on Cp Am Notiral Gas Am Tai 1 Tal. 32*
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    • 886 10 Amsterdam JUNi 1* Fh ABN 303 00 4-2 Aagon Ahold tnoo 4-i.s 169 00 4-05 8260 4-16 AMCV Amtos 147 00 +3.4 56 30 +1.3 Bark Bob 3180 +08 8270 +27 231 50 -05 Boiko Burtat CMand 30 40 imh 63 00 +1.2 36.20 0.2 336 00 +10
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  • Page 10 Advertisements
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    • 119 10 [gfcOAISTJOtS'. CHICKEN RICE $6 Served with chilli ginger ana thick SOya sauCe together with a be a ot bean Curd soup KIAM CHVE DUCK SOUP $6 Served with piam rice and slice-: eh. in black sauce MALACCA NONVA NASI LEMAK $5 Served a■ th Ikan B Its drumstic Sambai CONTACT
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    • 155 10 .«u YMer< i A--r r *s I- I Feng 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
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  • ASIAN STOCKS
    • 343 11 HONGKONG: Prices closed firmer in fairly quiet trading yesterday, following gains in London and on Wall Street. Leaders were unchanged to higher with HK Land rising 2.5 cents to HKJ2.975, HK Bank five to $6.20, Jardine Matheson five to $9, Sun Hung Kai Properties five to $6.10 and Swire
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    • 233 11 JUNE 20 Al Sr>cara Mia Ana Camant NT 8 55 30 90 31 80 -0.1 +0.1 0.2 Laa Chang Yuan Cham Indus ban Hwa Indus Nan Ya Plos Pocrfic Cons Pocrfx: Elact Wira 23.40 1405 36 60 32 00 20 00 +0 2 065 -0.1 +0.3 0.3 Chang Hwa
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    • 338 11 TOKYO: Active late selling brought prices off the day's highs yesterday but the market closed higher on widespread buying prompted by the Wall Street rise the day before. The market average closed 39.88 above Tuesday's close at 10,237.22, after touching 10,248.86. The average rose 114.87 on Tuesday. The Stock
      338 words
    • 84 11 June 20 Won Hyundai Corp 625 i«eh Hyundai Motor 545 -I KAL 440 unch 710 +10 Koc«o fin*' 710 unch Chohoung 0k 668 unch Kor»a Ol 841 unch CommencalBk 707 -2 Kor*o Ship 416 -3 Do«*mlnd 570 -5 Lucky Ltd 725 -14 Doewoo Corp 388 unch Samsung Co 630
      84 words
    • 428 11 SYDNEY: Prices on Australian stock exchanges closed firmer, as buyers came back into the market on encouraging indicators from overseas. The All-ordinaries index was 5.2 points higher at 653.5 points. Brokers said end-of-year selling was diminishing, allowing good gains in London and New York and firmer gold and metal
      428 words
    • 150 11 BANGKOK: Share prices closed generally steady in inactive trading yesterday. The Book Club index declined 0.16 point to 118.23 on turnover of 18.5 million baht with 126,275 shares transacted. JUNC 20 Wti Smm City Cement 397 -4 A ok ham Thai Sram Credit 63 ■05 Ana F*xe S»am Tyre
      150 words
    • 110 11 MANILA: Share prices closed easier in dull trading. "Hie commercial and industrial index was down 0.49 to 131.92, the mining marker fell 10.74 to 1,065.42, and the oils index eased 0.017 to 0.703. JUNC 20 Acof* Mmg Nw Ontntd B Phd OvarMOt PMi. B 0015 inch 0006 -0002 0
      110 words
    • 63 11 Reuter NEC has developed a new semiconductor material, a super doped structure, which makes it possible to make ultra high speed microelectronic devices for super computers. NEC managing director Michiyuki Uehara said: "With this technical breakthrough, it is theoretically possible to produce devices which have a fast
      Reuter  -  63 words
    • 177 11 ASSOCIATED HOTELS, which is the subject of negotiations to save it from liquidation, has defaulted on term loan agreements with outstanding balances totalling more than HKJI.9 billion, according to its annual report. In the report, auditors Price Waterhouse note that as long as the default
      177 words
    • 57 11 Reuter PLESSEY Co PLC is considering joint projects with international partners in order to reach customers in markets which might otherwise be closed, its annual report said. The group is giving increasing attention to international operations and plans to benefit from a greater exchange of technology and marketing
      Reuter  -  57 words
    • 175 11 Reuter JOHNSON Electric Industrial Manufactory, an independent designer and manufacturer of micro motors, will offer 70 million 50 HK-cent shares to the public at HK$2.OO each, underwriter Wardley said. The issue, comprising 49 million new shares and 21 million existing shares, represents 25
      Reuter  -  175 words
    • 266 11 Reuter MITSUI and Mitsubishi Corp said they will take a one-sixth joint interest in Western Australia's Asll billion North West Shelf liquefied natural gas (LNG) project. The companies said in a statement prepared in Tokyo and sent to the Melbourne Stock Exchange that
      Reuter  -  266 words
    • Corporate round-up
      • 77 11 SUMITOMO Electric Industries said it has obtained an order from Daehan Life Insurance Co of South Korea for a local area network (LAN) computer-linked communications system. The information system, using a total of 63 km long optical fibres to link 25 stations in South Korea,
        77 words
      • 90 11 Reuter NIIGATA Engineering Co together with Tamimi and Fouad Niigata Co, a SaudiJapanese joint venture, have jointly won an order from Arabian American Oil Co (Aramco) for a plant to desalinate and degasify crude oil wells, Niigata Engineering said in a statement. The wells are
        Reuter  -  90 words
  • Page 11 Advertisements
    • 393 11 M W i to Wiae, oui y_< i»*w*sai tain Peninsula fWt Coffee rfouw IXI f w Levels. Pemnsuld Hotel served. (Hospitality. Atmosphere. Scenic view. I'Menuful' of local and continental favourites. Daily Set Lunch (Local* Western) Each day, a local favourite is selected, e.g... Prawn Mee Soup... Hainanese Clay Pot. Sunday
      393 words
    • 103 11 r > > Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, you 11 find our staff friendly and efficient, our food appealing: and delicious. Try our famous claypot specialities. Hainan esc chicken rice and other dishes. For reservations,
      103 words

  • RAW MATERIALS
    • 404 12 Reuter .SUGAR planters and mill owners in the Philippines are operating at a loss, and fear their industry may soon collapse unless the world market improves and the government changes its marketing lyIndustry circles said production in the current crop year ending in August
      Reuter  -  404 words
    • 272 12 Reuter WORLD natural rubber production this year is forecast at 4.14 million tonnes, against consumption of 4.07 million, adding .70,000 tonnes to stocks. The forecast, by the International Rubber Study Group's expert rubber statisticians' comihittee, is partly based on information supplied by member
      Reuter  -  272 words
    • 122 12 Reuter JAPAN'S COCOA bean imports rose to 5,828 tonnes in May from 3,725 in April and 2,600 a year earlier. Major suppliers in May, with April and year-ago comparisons in brackets, were Ghana with 4,082 tonnes (1,342 and 1,940), Ivory Coast 630 (725 and nil)
      Reuter  -  122 words
    • 163 12 AFP FACED with another bumper world wheat harvest this season, topping 500 million tonnes for the first time, and low prices, the International Wheat Council, meet in Ottawa, Canada next week, to examine the problems thrown up by the current surplus in grain
      AFP  -  163 words
    • 88 12 THE Straits tin price in Penang yesterday held at M 129.28 per kilo, within the ITA lower sector or $29.15 to $K.M. Dealers said the buffer stock manager was again the main buyer at this level while continued scattered baying from Japanese and local Interests was evident. Steadier
      88 words
    • 125 12 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 3.500 Blue Phoenix 20"s 3.550 Blue Phoenix 32's 4,000 Blue Phoenix 40 s 4,500 Carded yarn, hank Blue Phoenix 2l's 3.600 Combed yarn, cones Blue Phoenix 32'» 5,600 Bkie Phoenix 40's 5,800 Open-end yarn
      125 words
    • 44 12 WIDESPREAD showers in the Soviet Union during the past week helped winter wheat in the north and spring grains in the south, according to a US agricultural monitoring report. The report was made by the joint agricultural weather facility.
      44 words
    • 222 12 MALAYSIAN palm oil prices yesterday closed off the day's highs on profit-taking and speculative selling after a sharply higher Chicago soybean complex close sparked covering activity. Sentiment was dampened by easier palm oil futures and lack of export demand. In the June position, north region rose Mslo to
      222 words
    • 151 12 Chinese Produce Robusto 20/25% 487 50 Exchange FOB NSW (Sellers' noon closing prices on Nutmeg June 20 S$/100k 9 110 FOB NSW 355 00 B W FOB NSW 256 00 Coconut oil 240 00 253 00 Gombier Bulk FOB OW drum FOB FOB NSW 305 00 New drum
      151 words
    • 882 12 COFFEE Robusta futures closed a subdued morning session yesterday £10 a tonne higher to £8 lower, with most active September finishing at £2,132, £6 down. Prices were expected around £5 lower initially on the New York close but opened at the morning's lows, basis September at £2,120 on
      882 words
    • 302 12 SINGAPORE The market closed lower yesterday with July One RSS buyers quoted at 178.00 cents a kilo, down 4.25 cents from Tuesday. The morning session was marked down about 4.75 cents on stop-loss and speculative selling following lower London advices. Levels recovered about half a cent in the afternoon
      302 words
    • 323 12 RAS prices (in S cents/kilo, FOB in bales) NOON CLOSE Beyers Sellers Buyers 5»Hen In! 1 RSS prompt 176 50 177 SON 175 25 176 25N Int 1 RSS July 179 00 179 50 178 00 178.50 lot 1 RSS August 184 00 184 50 183 00
      323 words
    • 109 12 (in cmW 1 ton i pollen) July August (current mth) (forward mth) NOON NOON RAS Buyers Sellers Buyers ScN#ct SSR20 184.50 186 SON 186 50 188 SON SSR 50 182 50 184 50N 184 50 186 SON MRELB (uym Sellers Buyers Sellers SMR CV 232 00 234
      109 words
    • 292 12 Singapore (S$/kilo, ei-jodown) Thai white 100% 1st class (kangaroo) new crop 1 05 100% 2nd class 077 100% 3rd class 075 25% new crop No stock B-10% No stock Thai broken A-super 062 Special 055 Thai rice 55% No stock China rice 10% 093 15% No stock 25% No
      292 words
    • 71 12 Bernama MALAYSIA is expected to earn M 55.6 billion from exports of crude palm oil this year in view of the current favourable trends in prices and recovery in the production of the commodity since April this year. The country would earn at least $2.3 billion
      Bernama  -  71 words
    • 154 12 WHEAT futures closed 4Vi to two cents a bushel higher in moderately active trade in Chicago on Tuesday, with prices ending near the top of an 8V«-cent range. Prices maintained midsession strength on spillover bullish sentiment from the soybean complex and corn pits. Commercials were active buyers of September
      154 words
    • 130 12 SOYBEAN futures gained 17 Vi to 25cents a bushel in active trade in Chicago on Tuesday, ending near the top of a 26Mi<ent range. Prices rose on technical short-covering, and new crop months received additional support from dry weather in southeast growing areas. Concerns about tight deliverable supplies this
      130 words
  • Page 12 Advertisements
    • 424 12 CRS ()R(. WIS I l<)\ \l kl SOI K( I S SDN. Kill). I) llli: Kl VIA II M I*l K Sl<>( K I 11 \N(.I Joint I I'rcsLiil .1 )nc l).i\ onkiviKv on "SABAH INY KSTMHNT STRATKGIFS OPPORTUNITIKS •lul> 2H. IIM4l l M4 11\ ;itl lloli'l. Ki»|;i kinalnilu Why
      424 words

  • SHARE INFORMATION
    • 4208 13 THE SINGAPORE stock market drifted downwards yesterday, with share prices closing mixed to easier on a higher turnover of 9.62 million units. About the only feature of the day was banking issues, which came under heavy selling pressure. DBS for one, fell 25
      4,208 words
    • 263 13 SINGAPORE Rites Fed Cobles 304 Kenanting 50« 810 She* 895 Saehen 478 F«a« 206 Peh»ce Hidgs 139 Chaan Hap 374 T P 1975 1110 Te**e 1050 Kentucky Spore 466 Landmarks H 50« 348 Falls Kadwi 50« 1250 M A A 1400 Dutch Rob, 660 0 t S
      263 words
    • 512 13 A LATE recovery reduced early losses at the Kuala Lumpur stock market yesterday. On balance, most prices were mixed to slightly easier. Trading was quiet but several speculative issues still attracted attention. The market opened at about overnight levels in spite of the strong
      512 words
    • 3369 13 BID and offer prices officially luted and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,369 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 604 14 wimt mm FEEDMILL manufacturer Gold Coin Ltd is likely to be able to maintain, if not improve its group profit performance this year. Stockbroking firm Sun Hung Kai has estimated Gold Coin's consolidated pre-tax profits at $18.71 million for 1984 from $18.56 million
      604 words
    • 539 14 THE TAN CHONG group of companies in Singapore saw a year of mixed fortunes for the financial year ended Dec 31, 1983. As expected, the companies involved in the motor business fared quite badly. Several factors were responsible for their poor performance. Last
      539 words
    • 2284 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 Alcorn (2 188) (2) 2 17 (I) 2.18 xd
      2,284 words
    • 240 14 NYT MARVIN DAVIS, the Denver oil entrepreneur, has reached an agreement to buy the 50 per cent stake of the 20th CenturyFox Film Corp, owned by Marc Rich, the fugitive commodity trader. Mr Davis currently holds the other 50 per cent. Terms were
      NYT  -  240 words
    • 677 14 SHAREHOLDERS of General Corp Bhd (GCB) raised a number of points on the company's latest annual report and developments surrounding the diversified company at its annual general meeting in Kuala Lumpur on Monday. One of the shareholders asked why earnings from the
      677 words
    • 106 14 HONGKONG Australian Industrials Hong Seng Index Wednesday unav Tuesday 899 8 Week ago 914.8 Wednesday 931 05 Tuesday 927.39 Week ago 961.22 NEW YORK Dow Jones TOKYO Tuesday 1115 83 Tokyo Dow Jones Monday 1109 65 Week ago 1110 53 Wednesday ***** 22 Tuesday ***** 34 Standard and
      106 words
    • 249 14 JACK Chla-MPH Limited: EGM on June 22 at 11am in Winter Room, South Wing, 8th Fldoor, Mandarin HOtel, Orchard Road (0923). NEGRI Sembilan Oil Palms Berhad: 52nd AGM on June 23 at 10.30am in Registered Office, 1st Floor, 107 Changkat Thambi Dollah, Kuala Lumpur 06-17. SINGAPORE Bos Service
      249 words
    • 233 14 Managers' prices Second B'putra 5 38 5 43 for June 21 Third B'putro 4 50 4 55* Singapore Unit Trust Fourth B'putro 5 09 5 14* Fifth B'putra 3 58 3 63 The Commerce 3 17 3 37 Sixth B'putra 352 357 The Savings Fund 1 93 2
      233 words
    • 95 14 LEVI Strauss, the world's largest clothing manufacturer best known for its blue denim jeans, said it was closing 11 plants, including one in Canada and another in France because of a sharp fall in profits. Profits fell to US$6.4 million in the second quarter from
      95 words
    • 1049 14 Current Ex Books Date Total for Total for payment date close payable the year previous ye< A B N 13% May 3 NYA NYA 26% 26% Acmo 7' 2 %(b) June 20 June 27 July 17 7'i% 7'i Alcom l',2TE<*> May 9 May 22 June 21 5% 5%
      1,049 words
    • 641 15 RALEIGH CYCLES (Malaysia) Bhd appears to have gained the upper hand in attempts by outside parties to gain effective control of General Lumber (Holdings) Bhd. It is understood that Raleigh and parties sympathetic to it would soon nominate six members on the
      641 words
    • 449 15  -  By NAJEEB JARHOM THE wording of certain sections of the Companies (Amendment) Bill has created unnecessary difficulties, says a public accounting firm. In its representation to the Select Committee on the Bill, Price Waterhouse said its client, Singapore Land Ltd, was prevented from pursuing
      449 words
    • 370 15  -  By CHAN OI CHEE THE controlling shareholders of Tai Sang Land Development, headed by the Ma family of Hongkong, has decribed United Industrial Corporation's offer as "not attractive". UIC, the local property and detergents group, is
      370 words
    • 140 15 JAPAN should deregulate its interbank and wholesale markets to complement recent restructuring of the country's financial system. A director of the Japan Centre for International Finance, Eisuke Sakakibara, said yesterday that the centre was a country-risk research body set up by major Japanese banks
      140 words
    • 921 15 THE market closed sharply lower yesterday, affected by the higher than expected 5.7 per cent rise in the US second quarter GNP flash forecast, dealers said. Yesterday's closing middle prices of selected stocks, excluding stamp duty, were: INDUSTRIALS June 20 Pence Alfced-Lyom 159 -i Ais Doioes 164 2
      921 words
    • 234 15 UNITED Engineers (Malaysia) Bhd (UEM) has indicated that the group's current and future prospects will depend on economic conditions and the outcome of its intended reconstruction exercise. In his latest annual report, UEM's chairman Datuk Dr Yahya bin Ismail noted, however, that as
      234 words
    • 34 15 Resignations at Town City... TOWN and City Properties has announced the resignation of Mr Lim Tjoen Kong, popularly known as TK Lim, and Mr Kong Chong Soon as directors with effect from June 14.
      34 words
    • 38 15 appointment at DBS Bank DBS Bank has appointed Mr Heinz Guenter Jungjohann as managing director of Dresdner (South-east Asia) Ltd as alternate director to Dr Christoph von der Decken in place of Mr Rolf Willi, effective June 15.
      38 words
    • TAKING STOCK...
      • 593 15 By HOCK LOCK SIEW WHILE investors everywhere continue to marvel at the ingenuity of the OCBC group after its recent killing on the Australian stock market, a controversy is brewing in the country about the conduct of on-market or part-C offers. There have been suggestions that
        By HOCK LOCK SIEW  -  593 words
      • 402 15 THERE is speculation in the market that a block of shares in Emtex Corporation (formerly known as Malaysia Textile Industries) has changed hands. This block of shares comes from Senator Kamarul Ariffin, the prominent bumiputra businessman/lawyer who acquired control of the company in December 1979. There is
        402 words
    • 203 15 UNITED literwH—il Securities Ltd s net tangible asset backing per share was $1.57 as at May 31. THE Malaysian Foreign Investment Committee has approved H«ag Lenag Industries Bhd'8 acquisition of the remaining 50 per cent equity in Sunrise Development Sdn Bhd. HONG Leong Investment Holdings Pte Ltd and
      203 words
  • Page 14 Advertisements
    • 27 14 f My first class private secretary will be available end of June owing to closure of overseas office. Excellent standards Typing, Shorthand, Telex, etc. Please phone *****48
      27 words

  • Page 15 Advertisements
    • 273 15 NOTICE To tha holders of tho floating rato U. 3. Dollar Cortificataa of Deposit dua 23rd Dacambar, 1985 of. THE SUMITOMO BANK, LIMITED 6 Shanton Way #01-09, DBS Building, Singapore 0106. We hereby certify that the rate of Interest payable on the above mentioned Certificates of Deposit for the Interest
      273 words
    • 149 15 NOTICE To the holders of tho floating rate U.S. Dollar Cartificataa of Dopoait dua 23rd December, 1986 of: THE TOKAI BANK, LIMITED 24 Rafflot Plac«, #22-01 to 22-06, Clifford Contra, Singapore 0104. We hereby certify that the rate of Interest payable on the above mentioned Certificates of Deposit for the
      149 words

  • 407 16  -  By TSANG SAU YIN THE Pacific Basin countries have a bright economic future but trade protectionism poses a potential threat to their prosperity. This was predicted by two US government specialists in East Asian and Pacific affairs, Richard Armitage and Anthony Albrecht. They
    407 words
  • 318 16 ONLY two of the three leaders of the Singapore Air-Transport Workers' Union (Satu) charged with acting against the union's interest and with insubordination turned up to face a disciplinary inquiry yesterday. The two Mr Clement Louise Joseph and Mr Chua Chwee Kay will
    318 words
  • 283 16 HONKONG's Mass Transit Railway Corporation (MTRC) is trying to sell its expertise in Singapore. Mr CW Newton, the chairman of Hongkong's Mass Transit Railway Corporation (MTRC), and four MTRC officials, met their Singapore counterparts on Wednesday to discuss plans for the venture.
    283 words
  • 234 16  -  By JOHN LIM THE Housing and Development Board (HDB) intends to redevelop part of its estate at Commonwealth Avenue where a Mass Rapid Transit (MRT) station is to be built. Several blocks of old flats in the immediate vicinity of the above-ground station
    234 words
  • 566 16 RISING budget deficits in the US are the main risks to sustained economic recovery worldwide, said the Paris-based Organisation for Economic Cooperation and Development (OECD) in its half-yearly economic outlook yesterday. The latest report from the 24-nation group's economists is the
    566 words
  • 263 16 THE SINGAPORE Bus Service has changed its specifications for the 25 double decker buses which were to have carried "allover" advertisements. The amendments will have to be adopted by the advertisers who booked the buses. In the first instance, the 25 th Anniversary
    263 words
  • 232 16 THE "Come on Singapore" National Productivity campaign submitted by Grant Kenyon Eckhardt has won the Max Lewis Memorial Challenge Trophy at the 14th Asian Advertising Congress held in Seoul this week. Dentsu Inc of Japan won the silver award with its "Road Safety" campaign while
    232 words
  • 75 16 WALL Street stock prices were sharply lower in very early trading yesterday as investors reacted negatively to news that the US economy continued to expand at a brisk pace. The Dow Jones Industrial Average, which improved the past two sessions, was off about 7 points to
    75 words
  • 144 16 AP ELEVEN Latin American countries, faced with US$35O billion in foreign debts, appeared to be divided on Wednesday on whether or not to defy banks pressing them for payments on loans. "There has been some pretty strong talk about refusing to pay those loans,"
    AP  -  144 words
  • LATE FILE
    • 51 16 Reuter CITICORP has appointed Mr John S Reed as its next chairman and chief executive officer from Sep 1, chairman Walter Wriston said in a statement. Mr Wriston retires from the bank this summer. At present, Mr Reed is a director of Citicorp's principal subsidiary, Citibank N
      Reuter  -  51 words
    • 51 16 Reuter STRIKING miners began blockading major British steel plants yesterday in an effort to intensify their three-month-old walkout by choking off fuel supplies to heavy industry. Sources said the blockade got off to a low-key start, with only a few miners picketing five key plants.
      Reuter  -  51 words
    • 41 16 AFP THAILAND yesterday disclosed plans for a US$25 million increase in defence spending in 1985 to counter any possible internal or external threats. The defence allocation was contained in 1985 budget proposals detailed in Parliament yesterday. AFP
      AFP  -  41 words
    • 52 16 Reuter THE military chiefs of staff of Saudi Arabia and its Gulf Arab allies will hold emergency talks in Riyadh on Saturday to review defence issues following attacks on Arab tankers in the Gulf. The meeting Was announced by the headquarters of the Gulf Cooperation
      Reuter  -  52 words
    • 43 16 AP TAIWAN'S exports of electronic and electrical products in the first five months of this year reached a record U552,583 billion, up 47 per cent from the same period last year, the Industrial Development Bureau reported yesterday. AP
      AP  -  43 words
    • 60 16 UPI PRIME Minister Indira Gandhi said yesterday the Indian army will stay in the Golden Temple until it is cleared of ail weapons hidden by Sikh extremists. At the same time, the Supreme Court rejected a legal challenge to detention of a key Sikh
      UPI  -  60 words
  • Page 16 Advertisements
    • 124 16 FORWARD OVERSEA CREDIT LIMITED FINANCIAL LEASING MAKES GOOD BUSINESS SENSE Forward Oversea Credit Limited is one of Singapore's leading finance companies with an established reputation for financial leasing. Call us today and we will advise you on the many advantages of financial leasing. We will design a package best suited
      124 words
    • 372 16 Marketing Planning Objective August 20 21,1984 (2 days) To understanding how to prepare and use a marketing plan effectively, develop strategies toachieve realistic objectives, identify and take advantage of market opportunities, and measure performance. These techniques are essential to long-term corporate survival and developing fundamental skills necessary for the manager
      372 words
  • Page 16 Miscellaneous
    • 63 16 SMSKiaa Outlook for todoy: Fair, except for showers in o few oreos in the lote morning and early afternoon. Report tor 24 hours prior to 7 30pm on June 20 at the airport: Maximum temperature 32.0 Associated humidity 70 Minimum temperature 25.0 Associated humidity 91 Hours of sunshine 7.60 Rainfall
      63 words

  • SHIPPING TIMES
    • 306 17 SHIPOWNERS and international maritime trades unions are heading towards further confrontation over the employment of cheap foreign crews. Moves by Belgian owners to get government approval for non-national seafarers to work on their vessels is the latest attempt by shipowners in industrialised nations
      306 words
    • 404 17  -  By LINDA CHEE DANISH shipowner Maersk Line is expanding its Far East-Europe service with container slots now available to West African ports for Singapore and Malaysian shippers. The line has started a new feeder container service between Spain and West Africa which will
      404 words
    • PORTSIDES
      • 66 17 AP THE FIRST semi-submersible oil drilling rig built in China was completed on Tuesday at the Shanghai shipyard, the official Xinhua News Agency reported. The rig, Kantan-3, can withstand hurricanes and 18-metre waves, and is capable of operating in depths of 200 metres, the report said. It
        AP  -  66 words
      • 83 17 Reuter INDIA AND Argentina will start a shipping service between the two countries some time this year, an official of the state-owned Shipping Corporation of India (SCI) said. He said ships of the two countries will call at Singapore where India-bound goods carried by the Argentine shipping company
        Reuter  -  83 words
    • 668 17 »hlpp>w B Uw No* CM 1 f Col Abex Tronsport V 5 Frata Shpg VI 2 Afeo VI 3 Freight Links VI 4 Ahrenkiel Liner VI 5 Frota V 1 Alpoc VI 5 Fufiwora Line IV 5 Antoro Shpg IV I Giobe Line VI 4 APC Lme
      668 words
    • 550 18 FIFTY YEARS after they first took root in the United States, free trade zones are growing like never before even if most people still are not sure what they are. More companies are discovering that they can save money by using free trade
      550 words
    • 192 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
      192 words
    • 1511 18 Lloyd's List PLANS TO set up a new company to control the major Japanese liner operations on the transpacific have been disclosed by Mitsui OSK Lines. The proposal, which would open the way for substantial rationalisation in the trade, is part of a wider rethink of liner
      Lloyd's List  -  1,511 words
    • 1719 18 MODERATE chartering developed in the time-charter section of the freight market on Tuesday and grain and sugar operators also gave limited support but quiet conditions were evident elsewhere, shipbrokers said. Chinese charterers secured a 21,000 tonner on timecharter from Recalada to China at U555,250 daily, while a 33,000
      1,719 words
    • 1166 19 ALGIERS Algiei-s May 15th. About 2 days delays. Annaba April 29th. 6 vessels waiting. Bejaia April 29th. 3 vessels waiting. Mostaganem April 29th. 5 vessels waiting for berths. ANGOLA Luanda June 6th, 4-5 days delays. 4 vessels at anchor. ARGENTINA Buenos Aires June 4th. 39 delays for grain
      1,166 words
    • 348 19 THE WEST German Cabinet has agreed on a series of measures designed to improve competition interationally for the West German fleet and penalise countries that discriminate against it. According to Fairplay, Cabinet spokesman Peter Boenisch said in Bonn the government agreed that
      348 words
    • 151 19 Reuter JAPAN'S Sony Corporation said it had developed a prototype device to determine very accurate navigational positioning of fastmoving aircraft or vessels. It said the device, called a navigational receiver, would use signals transmitted from satellites of the global positioning system (GPS) now being developed by
      Reuter  -  151 words
    • 58 19 AFP A 480-TON Japanese freighter sank off an island south of Tokyo on Tuesday after colliding with the 38,123-ton China Container of Taiwan. The crew of six aboard the Showa Maru were (ricked near Izu-Oshima island. There were no casualties or serious damage aboard the container ship, which
      AFP  -  58 words
    • 238 19 ONE OF the Port of Seattle's top executives, Mr Larry Kilieen, has moved over to the competing Port of Tacoma to become the port's executive director. He succeeds Richard Dale Smith, who retired on April 30. Mr Kilieen was with the Port of
      238 words
    • 5798 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.
      5,798 words
    • 641 25 ft RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Ship Arrival for LCL movement Voy date/time Operator cargo schedule Location Anro Temasfl k ***** 21.6.84 2300 NAPL TA 3 1000-1100 HI Chev Paul 40W 22.6.84 0400 Optorg FSB 0900-1000/1500-1600 F3 Sumbawa 01WB 22.6.84 0700 African Shpg
      641 words
    • 1726 25 The leading shipping lines operating from local ports and their agents. A-B AFE A African Shipping Ajmrifs (S> Ur*-Eifub Liac Transgroup (S) Ahreahiel Uaer Service Kim Shpg IS) Alfred C Twfter Oceanus Shipping Agency (S) Marintex Enterprise (PK) Alpac Intrasea (S) BinUng Shpg <KL> Island Cargo
      1,726 words
    • 516 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Athlon 46 NAPL alongside 21.6.84/0300 Builder III 22 Thong Soon alongside 21.6.84/0700 Donam No 9 37/8 NAPL alongside 21.6.84/0600 Hosei Maru 25/6 Sankyo alongside 21.6.84/1200 Kota Agung 8/9 PIL alongside 21.6.84/2300 Pikebank 35/6 BOR alongside 21.6.84/1500 Rijeka
      516 words
  • Page 17 Advertisements
    • 493 17 HEUNG-A SHIPPING Korea Flag Vsls Regular Liner Semi-Container Service To: P. Kelang/Penang/Bangkok/Keefung/ Busan/Inchon Fm: Busan/Moii/H. Kong S'pore Agent: Neptune Agencies Pte Ltd Tel: *****77 P.K. *****4, PN *****5 K.L. *****0 •IARDINK AMAH Jardines .innQii FULLY CONTAINERISED SERVICE TO FUROPF Vl# SUEZ rr FROM FUROPF VIS SUFZ m 10 FROM NORTH
      493 words
    • 784 17 TIMES Kiisiih ss I >irr< i< »r ol DEVELOPED OVER A PERIOD OF 86 YEARS (BUKU MERAH) MAERSK LINE EXPORT FASTEST SERVICE TO USA EUROPE TO U S PACIFIC. OUI.h ATLANTIC FAST CANADA INI AND I'< )INT: M RANDO fa Part 22-23/6 ILAUST M. RANDO 28-21/6 29-30/6 LAURA M. RANDO
      784 words

  • Page 18 Advertisements
    • 310 18 H FAR EAST/EUROPE CONTAINER SERVICE To Europe. From Europe Nu fcctpbng F«r 1) Barcelona. Genoa. 2) Amsterdam Antwerp. I Havre. Basle. UK. 3) Bremen Bremerhaven. Aarhus Copenhagen, Helsinki 4) Malmo Stockholm. Oslo 'Accepting Europe cargo tor feeder na S pore *Aho direct carp tor Spore 1 Bangkok Ph contact PERMtSC
      310 words
    • 368 18 Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South waat Pacific North Waat Atlantic/Canada Faadar at Tokyo Foador at Koba Faadar at Koba rnrnm *a la/lb om im» m jut vo rut m« nt n ran VAHKCX to Ddu i Abu Dhabi VOK i MOM FOR 23/25 tat KM ACM
      368 words

  • Page 19 Advertisements
    • 809 19 The Straits Steamship Group oci Overseas Containers Limited CONT AINERSHIP SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO FOR: Hanfcwf to CopoMiafm, Aartus. Gottwnbwt I M«ta| Rotttrdam to Awtwtip A«ml«rdam. (hto Smßumpliii UK nfn. Bdfasl I Dutofa Slockhotn Utoi. Also accepting LCI and FCI cargo to Hong Kong Md+ Pi« S'pore Dubai
      809 words
    • 638 19 NOTICES r A FAR EASTERN FREIGHT CONFERENCE SARAH, BRUNEI AND SARAWAK FREKHT CONFERENCE FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS CURRENCY ADJUSTMENT FACTOR The second quarterly review of currency values in June has resulted in a downward adjustment of the Currency Adjustment Factor from Malaysia
      638 words

  • Page 20 Advertisements
    • 613 20 EXPORTS I S pare P. Ketanf Penf leaoes Bfcao ITSU 27/6 29/6 2/7 17/7 Gmu HTx»f Adam Bliaven Antwerp Cardfan Bit Kasufa kUnj Connecting m Tokyo. Connecting in Kobe "Also accepting corgo for ATLANTIC GULF PORTS via mtnilandbndge; ond US MID-WEST by microbrtdge FROM CONTINENT UK IMPORTS SmgjpofP Booking freight
      613 words
    • 426 20 f JIG S. LINE V ,o»f* !»"»<• FULLY CONTAINERISED SERVICE TO EiJROPf VIA SUEZ ot the Ace Consortium ctcvAiot noa 39* FROM EUROPE VIA SllfZ 1 A Memoer ot th« Ace Convwtum KQKMMCUN 241 FULLY CONTAINERISED TO FROM NORTH AMERICA WEST COAST *«ia fwdw MMI n- Sport* KH I JucftMM
      426 words
    • 510 20 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCCPTMT. fCI L ia CMGOTOR Sff m IK FU RDM MR IHV Gtotx not X/M 17/97 U/07 21/07 22/07 74/17 E»r Gunt 17/17 17/17 U/V M/ 07 01 01 02/01 04 0* E«*Q>T I*o7 11/91 07/01 M/M U/M 12/ M 14 01 »iso accept*
      510 words
    • 857 20 KIE GWAN SHIPPING (M) SDN. BHD. No 26A I ALAN BERANGAN PORT KELANG. SELANGOR MALAYSIA TEL: Not *****2, *****5, *****2 3107(4,*****2.*****7 W. MALAYSIA/SPORE TO E. MALAYSIA SERVICES: P *lANG s pore. tHATI SENANG KKUu. S kan. L Oatu. Tawau- Ji/23 June TaJ JMOH SATU KKUu. S kan, Tawau Inpt 26
      857 words
    • 99 20 HXSINOSE MARITIME PTE LTD Hkyowa line m r SUN UNION LINE TTTTsTTTTTnTT* VORTEX SKffO 2S/C VORTEX BREEZE 20/7 FJCELMK POUN6 LORD FOR 2C/S Kara* 23/7 -MSMOS MMBTBf m LTD m 22#1144/7 1 *****74 ■OOMK SMMV 9MPME COMPRNT TO. *****52/3 MHOS HMTTBC MM MB. M 3*7232/1 mutsi trace i transport in.
      99 words

  • Page 21 Advertisements
    • 836 21 PIL GROUP EAST AFRICA/REDSEA SERVICES VESSEL KOTA SEJATI KOTA SAL AM KOTA SEQAR KOTA WISATA KOTA MEQAH VOYAGE E-SO9 E-511 E-513 E-515 E-517 SINGAPORE LOADING FOR: 4-7/7 MOKHA. HOOEIOAH, JEDOAH, AQABA 10-14/7 ADEN, HOOEIOAH. JCDOAH. AQABA. PTSUOAN 14-20/7 TAMATAVE. MAPUTO. O'SALAAM, MOMBASA, MOGADISCIO 3-5/1 ADEN. HOOEIOAH. JEDOAH. AQABA 10-15/4 HOOEIOAH,
      836 words
    • 952 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE STRAITS 10 [UHOPt SPOK P MLANC ■Mqbpn 21/* Cißrm 2t/t 27/t Bwuiw" 4/7 1/7 Hangkang Eiprm 11/7 14/7 Carifcgan Bji 71/7 2J/7 >«•«*« It/7 »/7 Lnrcrpaal Bat 4/1 Braman (iprm 17/1 14/ I I lipmi 11/1 71/| BMH UA HAM BHAVtN ROAM HAVRf
      952 words
    • 588 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINE Far East S'pore Service Full Container Vessel Buian Toko Kobe Km- S'pore TjPriok MAIAPAUT hknu shwnj V.IIOB/11HB 18/6 20/6 21/6 24/6 5/7 7/7 GO*A VlO-06 11/7 14/7 16/7 20/7 25/7 27/7 EXPRESS SEMI-CONTAINER SERVICE TO/FROM EUROPE STORE P KELANGRDAM TUWY/MWW/ ANTWERP At)AM LONDON BREMEN BAAB
      588 words
    • 512 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loadhg for Ranfoon Spore P.Kelang Penong Poon V 72 In Port/22 June— Soiled Htoneywo V 193 28/29 June Poon V 73 11/14 July \> BANK LINE EXPRESS INDEPENDENT SERVICE TO UK/CONT (spore R'DAM hull hmbg CLYDEBANK 111 July 5
      512 words

  • Page 22 Advertisements
    • 712 22 ►jKline KAWASAKI KISEN KAISHA, LTD. ECUADOR/PERU/CHILE FEEDER; I BRDGE V 32 MOTWR SEA EXPORTER ¥4514 GUAYAQUL CAUAO 26 Aut 2 Sep IQUQUE ANTOFTA 7 Sep SS«p VALPARAISO 11 S«v S MTONO 13 Sep SOUTH AFRICA (Safari CmmmHub) MIDDLE EAST S pore Agents KAWASAKI SINGAPORE (PTE) LTD. 135 Cecil Street. =1101
      712 words
    • 509 22 I—l Accepting Braakbulk and containartaad cargo** South Africa FffTlTiHl JARDME SHPPMG AGENCCS (Re f *****4/ 00K) 70 SHENTON WAY #04 03 MARfW HOUSE SUGAPOW 0207 TEL *****11 TELEX MO RS ***** CFS OFFICE IPC *03 023 Tel *****31 and *****32 TERMHAL OfFCE IPC *03 030 Tel *****90/*****93 E CHAR CHING
      509 words
    • 734 22 (3<925&! CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE LmiM* MI OS ANGELES SAN FRANCISCO SEATTLE lACOMA VANCOUVER BC Acccptanf FCI/FCI Cant mm ',"S7 STi '..T AUSTRALIA EXPRESS CONTAINER SERVICE Fa/Fa CantMwri •Aho Kccptanf from P Ratu* Aucl W«B l,tt Sr* Ate accaph "yr HPt/21M«w tW; IW) Fin/am S*l Irn CMm*
      734 words
    • 611 22 SANKD ASIA FROM JAPANESE PORTS ANO HONGKONG m GOLDEN LINE MAR OMR $MPPMC(fT.i)IIB lm hmmat la* M*« H C*d )M smunm dim i# *****94 no ibes) I* (Mia lap* mil. t tM« ami. Nm| KMM STRAITS/PERSIAN GULF SERVICE: Sport KeUn GOLDEN SEASON Colombo Mirj<wt)oos Dubai Baft r*n Ku*at 24/lf tmm
      611 words
    • 544 22 INTRASEA (PTE) LTD 10 Anson Road »2 7 16 Internationa Singapore 0207 Tel *****11 <10 Lines <► BREAKBULK SERVICE TO EUROPE/UK FORT NELSON 8M4907 S pore P KcUnc Lm*« tar- 9/7 SETE/ROTT/ANT/UJt QALPAC LINE ALT AC ASM 16SNB S pore P KeLang Loadni tar Dwban/Tamatave SEAWOOD SHIPPING CORPORATION S pore
      544 words

  • Page 23 Advertisements
    • 550 23 NOL NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): C CONTAINER 26*. C ROZE 39* N CRYSTAL IN MAETERLINCK 2W... K CHANCE 15W....... Also accepting cargo to/from Scandinavia C PAUL S pore Closing Times: FCL Cargo 1500 21/6 LCL Cargo 0300 21/6 FROM EUROPE (VIA SUEZ) TO AND FROM AUSTRALIA:
      550 words
    • 518 23 ntUNU-A Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: IANGKQK, KEELUMC. BUSAN. INCHON fc 7 onan/40W 22/J 4 Down 404 M 29/t «i I omm/40* t/y I I Mas 40 3S |7/7 Dram 403 M M/ 7 fc t Dawn 40SN 11/7 Hi I Domm 406 M t ,u> NIPIUNI AGINCUS
      518 words
    • 858 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD 0104 Tetephone Numbm *****3 < 15 Cable Address SINSOV SMGAPOK Teiex Numbers RS ***** *S ***** RS ***** P KELANG M/S SHAWM T NAN SOON SON. M. IST ANO 2NO FLOOR NO 1. JALAN CEMPENWG PORT KLANG. MALAYSIA Trt *****6/8 THei No *****
      858 words
    • 129 23 A ahrenkiel liner service gmbh DURBAN JOHANNESBURG MAPUTO MAURITIUS REUNION WESTBOUND ETA PT SIN LOUIS DURBAN ARITA 11W/84 30/6/84 16/7/84 ETD ETD ETA R BAY DURBAN SIN EASTERN HARMONY 6E/84 14/6 20/6 8/7 Agents: Kim Shipping Trading Pie Ltd 63 Market Street. #08-06 Tat Lee Btdg S pore 0104 Tele*:
      129 words

  • Page 24 Advertisements
    • 642 24 Itcgional Container Mnc.O (|SZIZj| 3 Sailings Weekly IniiiiJ\> Reliable Regular Punctual Berthing P S.A. 1500 Hr«. Tues. Thurs Sat RATANABHUM 249'750 3/4 M UTAH* BHUM 113/114 10/11 M 15/16 My 7/1 M 18/19 My 22/23 Uy HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINER S'pore AIVWA 1/10 M ALPHA PAOFTC
      642 words

  • Page 25 Advertisements
    • 67 25 Caapavat Cnnih laitaw LK2QRNE A™ SEMJON SHPfMG (S) PTE LID. SALES/BOOKMGS TEL *****11 (I LKS) TO BANGLA-DESH/MMA/SRI LANKA/PAKISTAN 2/7 5/7 13/7 16/7 4/8 7/8 <^Seawinds amm ictms ORIf NTAI SIAWINDS lINFR AGENCY PTE ITD SINGAPORE MALAYSIA TEL *****81 SALES BOOKINGS GENERAL FREIGHT <M) SDN BMO PK M 044« KL *****4
      67 words
    • 167 25 23/8 To Red Sea/Mediterranean From Europe N Houtmin Jutlandia B Permai Nihon Korrigan NDetft HONG KONG From Red Sea/Med. ScanOutch Concordia N Van Noort miso Accepting to: From: (1) Barcelona Genoa Bifcoo, Leghorn Valencia (2) Amsterdam, Antwerp, LeHavre, Basle, Gothenburg Molmo, Stockholm, Oslo, Hetsink L.ve(po«j< London (Trfbury), Conory Islands (3)
      167 words

  • Page 26 Advertisements
    • 169 26 WORLD 'S* LINE 3 i'i >• < rT ;;;riri.-(i. mil also accept* own to ran keljmc VESSELS S PO« P KIIANG iwnc* ms m-» jm 22/23 1*24/25 ammm mm m-is tm 21/27 tm run gou» lmi im Mr v« Mr v« M RSC ran* Mr* it PHI 6* 303 CS7
      169 words
  • Page 26 Miscellaneous
    • 173 26 Regional Weather 15 m i X t W A A Vd te 21 B 3» > U 1 Q A J' LL"*£ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. C O w Wind direction with speed m knots Wave height LEGEND R Thunderstorm Temperature c >C\ v
      173 words