The Business Times, 1 July 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 MONDAY, JULY 1, 1985 60 CENTS
    12 words
  • 422 1  -  Tax department Quoted bye-laws out of context in dispute with remisiers By PENG AILIAN THE STOCK EXCHANGE of Singapore has told the Inland Revenue Department that it has been quoting the SES byelaws out of context in its dispute with remisiers. The
    422 words
  • 530 1  -  By ALVIN TAY ASEAN FINANCE Corporation (AFC), a joint venture to promote industrialisation and economic development in Asean, has performed well below the projection made by its steering committee. Before the five-nation joint venture was set up in June 1961 (Brunei is
    530 words
  • 199 1 AFP MALAYSIAN Prime Minister Mahathir Mohamad has advised investors not to view fluctuating share prices on the stock exchange as a sign that the economy is in bad shape. Dr Mahathir said prices in the stock market did not necessarily reflect the performance and standing of
    AFP  -  199 words
  • 103 1 UPI SHTITE MUSLIM leader Nabih Berri announced that all 39 American hostages left Beirut under a Red Cross escort yesterday on a drive to Syria and freedom after 17 days in captivity. Mr Berri, leader of Lebanon's main Shi'ite militia, Amal, announced at
    UPI  -  103 words
  • 283 1  -  By BOEY KIT YIN LOCAL COMPANIES made more than US$9O million worth of counterpurchase contracts with the Indonesian government last year. According to latest figures from the Indonesian Ministry of Trade published in the Asia Research Bulletin, this brings their contracts with the
    283 words
  • 84 1 AFP A SOVIET EMPLOYEE of the Maritime Fleet Ministry has been found guilty of having "transmitted to the West" documents on the Soviet irms industry. The Soviet daily newspaper Trud reported yesterday that Guennadi Petrov, 35, a designer employed by the ministry, took pictures of
    AFP  -  84 words
  • 251 1 AP CHINESE LEADER Deng Xiaoping says that the booming special economic zone of Shenzhen is not a proven success. This appears to be a significant pullback from his unqualified endorsement of the zone 18 months ago. Once an impoverished fishing village bordering Hongkong, Shenzhen has
    AP  -  251 words
  • 112 1 AN AIDE guides the band of OeeMeitol Petroleum Corp chairman Armud Hammer, 81, to the dotted lines, sealing the biggest US jitit venture with China a long-delayed US$l6l mlllton project to develop an pen-pit coal mine. Under the agreement, Occidental Petroleum will provide 25 per eent of
    AP photo  -  112 words
  • Page 1 Advertisements
    • 167 1 Call Wayfoong at 737-7977 for a fast decision on your loan Wayfoong Mortgage and Finance (S) Ltd I A wholly-owned subsidiary ol Hongkong Bank 6 Claymore Hill «03 00 Claymore Plaza Singapore 0922 A.P. Mo. 0045 -I. -s>- M Personal loans wßr W ,n ust 24 hours W Now at
      167 words
    • 333 1 Stock markets in pook form, Pago 16 The British Film Festival features not only the usual "arty-crafty", intellectual-pseudo-intellectual films that one either loves, hates or cannot understand, but mass appeal films that have had successful runs in the cinemas. Examples are The Draughtsman's Contract, Gandhi and Comfort and Joy. JAIME
      333 words
    • 210 1 Singapores First Local Bank with an International banking network to service you better 4 t FOUR SEAS C OMM jSI'CA'iCNj BAN* L T 0 th* OC B<, Cj' What you missed... If you did not read BT on Saturday, you would not know that Singapore women are tightening their hold
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  • MANAGEMENT
    • 1246 2 FT THE CROWDS turn up in their thousands to look at the pictures of the future in Matsushita's pavilion at Expo 1985 now underway near Tokyo. There are robots drawing portraits from a television image, a 3-D television which can be viewed without special
      FT; Camera Press  -  1,246 words
    • 886 2 AP IN A SPATE of multibillion-dol-lar deals, American corporations have been gobbling up each other so fast that legislators in Washington are considering trying to halt the trend. The merger mania has created an aggressive new breed of investor and a
      AP  -  886 words
    • FRONTIERS
      • 296 2  - Hackers' new toys car phones Compiled by LEE HAN SHIH DUTCH radio amateurs have found a way of adapting home computers to listen in on telephone calls made from cars. They identify the phone numbers at both ends of the call, listen to the conversation and even pin-point where the
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      • 174 2 STRIKING analogies can often be made between nature and technology. Nature is at times clearly the model for even the latest high-tech products. The beehive, home for thousands of bees, is a case in point. It incorporates heating and ventilation and is ideally suited for incubating and
        174 words
      • 281 2 FLUSHED faces and feverish foreheads are a hot topic for about 50 scientists and physicians from around the world who will be gathering at Yale University this week. The week-long symposium focuses on thermal and environmental physiology in simpler terms, body heat. The study of body
        281 words
    • 886 3 FT "YOU could not, for instance, advertise bananas in Hungary," says a senior executive of a leading Budapest advertising agency, "because there rarely are any." Bananas, like a few other tropical products, remain virtually unobtainable in the Soviet bloc, even in relatively
      FT  -  886 words
    • 1040 3  -  By BRIAN GOMEZ THE NEW ZEALAND chief of Bowater Far East has ambitions to significantly boost his $50 million contribution to the British group's annbal worldwide sales of $3.6 billion. Sales by the Singapore headquartered company are equally shared by the
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  • Page 2 Advertisements
    • 144 2 0 <? m UlsE,'. -J Sw Its official. v s v. v v^''«£n x>C'^: '^v x naiox C» VIW Mi W tIM «W »f PUB officially accepts our way of protecting you and your family. BROWN BOVERI Since 10 years, BBC is manufacturing MCB's, ELCB's, Consumer Units and Distribution Boards
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  • Page 3 Advertisements
    • 163 3 SB6I 4 n f 11-6 dJOcteSuis '|9aoH uucpucpg aqj_ v I si JWMCKO W3aVDV Z£OK SU :X3 l 3 Ll&VLll 1 3 1 Zl9O 3JO<te2uis iddJis übiu9ujjv HOS W 3 *d sw|3o«V DjtuapßDy uoubuuoju! ajoui joj uMop apisdn paujna pijom jnoX 3ABq 01 ajßdsjd puß mou 58. VISV IVWOVD S
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  • OVERSEAS
    • 445 4 AFP TAIWAN'S businessmen, unsettled over the recent detention of three of their number for alleged indirect trade with China, have urged the government to clarify its stance on the booming trade. The detentions last week "scared the wits out of us all," said a sports
      AFP  -  445 words
    • 188 4 AFP THE TAIWANESE GOVERNMENT will not allow cotton to be imported from China, even though its relatively low cost could help lower production costs for domestic textile makers. Hsu Kuo-an, director of the Industrial Bureau, ruled out the possibility of permitting cotton imports from
      AFP  -  188 words
    • 367 4 UPI BEATLE JOHN LENNON's psychedelic Rolls-Royce was sold for more than US$2 million on Saturday after fierce bidding at a rock 'n roll memorabilia auction at Sotheby's in New York. "Applause broke out at the million-dollar mark and the auctioneer had to call
      UPI; Reuter photo  -  367 words
    • 235 4 AP REPRESENTATIVES of the US, Japan and Panama have reached agreement to make feasibility studies for building a new canal linking the Pacific and Atlantic Ocean. A "final report" was presented to President Nicolas Ardito Barletta in Panama last Friday by
      AP  -  235 words
    • 283 4 Bernama THE MALAYSIAN Master Builders Association will present a memorandum to Finance Minister Daim Zainuddin this week, in which, among other things, it proposes to strive for efficient use of local resources and expertise for national development programmes. This was one of six
      Bernama  -  283 words
    • 419 4 Reuter UK NORTH SEA oil output dropped to its lowest level for eight months in May to an average daily output of 2.62 million barrels of crude oil from 2.68 million barrels per day (bpd) in April, the Royal Bank of Scotland PLC
      Reuter  -  419 words
    • 255 4 Reuter IRAN'S PARLIAMENTARY Speaker has dismissed reports that his country has concluded a major arms deal with China and says the war with Iraq will continue until Iran's demands are fully met. Ali Akbar Hashemi Rafsanjani, considered the second most innuential man in Iran
      Reuter; AP photo  -  255 words
    • 134 4 POLICE OPENED FIRE on Saturday to scatter violent mobs, killing one person and injuring four others in sectarian violence in India's western state of Gujarat. The United News of India said one person was killed when police opened fire to disperse rival
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    • 232 4 UPI THE COURT handling the Benigno Aquino murder trial has refused to overturn its ruling, tossing out the main evidence against military chief General Fabian Ver in connection with the assassination. Prosecutors had appealed to the court to reconsider its June 13 ruling on
      UPI  -  232 words
    • 250 4 Reuter SOUTH AFRICA has announced a raid into Angola in which it says 45 guerillas of the South-West Africa Peoples Organisation (Swapo) were killed for the loss of one black member of the security forces. South African defence force chief General Constand Viljoen
      Reuter  -  250 words
    • 106 4 Reuter SOUTH AFRICA'S black National Union of Mineworkers (Num) has rejected a pay rise and warned of unprecedented labour unrest in the country's gold and coal mines if its own pay demand is not met. The union, seeking a 22 per cent rise, reaffirmed it will
      Reuter  -  106 words
    • 195 4 AP AIR CRASH investigators have so far failed to find any evidence of sabotage from the wreckage and bodies recovered from the Air India jumbo jet which crashed in the North Atlantic off Ireland last Sunday. London's weekly Observer newspaper reported yesterday that
      AP  -  195 words
    • 818 4 ARRIVALS Operator Service number Local time From PAA PA21 0020 LAX/TYO/ HKG MAS MH601 0720 KUL SIA SQ43 0750 DHA SJA SQ45 0815 MRU MAS MH681 0820 KUL MAS MH603 0905 KUL MAS MH67I 0935 KUL MAS MH811 0940 PEN SV SV378 0940 JED/RUH CAL CI806 0945
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    • 418 5 Reuter MOST OF THE Federal Reserve Board's members will be Reagan appointees by next year but analysts say America's central bank is unlikely to become the president's pawn. Fed member Lyle Gramley's surprise resignation for personal reasons last Friday, coupled with the end of
      Reuter  -  418 words
    • 170 5 AP THE US and Soviet governments have agreed that if their leaders should hold a summit meeting this year it would be in Geneva from Nov 19 to 21. The Sunday Times in London said the two governments have yet to agree that such a meeting
      AP  -  170 words
    • 143 5 Reuter PRESIDENT Ronald Reagan has declared that he is standing behind Budget Director David Stockman in spite of recent remarks that could be interpreted as a call for higher taxes to cut the US budget deficit. In a closed-door speech to New York Stock Exchange directors
      Reuter  -  143 words
    • 214 5 FT WEST GERMANY achieved a further massive trade surplus this time of 7.5 billion deutschemarks (US$2.5 billion) in May, reinforcing predictions that 1965 as a whole will produce record surpluses on both trade and current account. The May returns boost the cumulative trade surplus,
      FT  -  214 words
    • 204 5 Reuter RELATIVES of American hostages held in Beirut have blamed the harsh language of President Ronald Reagan for the last-minute hitch that prevented Saturday's planned release of the captives. In a Chicago speech on Friday, Mr Reagan said the US "cannot accept these repeated
      Reuter; AP photo  -  204 words
    • 233 5 AP A FEDERAL appeals court overturned a jury award of U*****,000 in damages to former TV news announcer Christine Craft, who contended she was demoted because her bosses did not like her looks. The Eight US Circuit Court of Appeals also ruled against Miss Craft
      AP  -  233 words
    • WORLD IN BRIEF
      • 87 5 COLOMBIAN troops are searching for guerillas who attacked a town's bank and police station, leaving 19 people dead and breaking a 10-month-old truce the rebels had signed with the government, officials said on Saturday. The April 19 movement, known as M-19, carried out the attack on Friday
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      • 103 5 AN INTERNATIONAL group of doctors has called for an end to the nuclear arms race, saying millions of lives could be saved if money spent on weapons is used for research on the elimination of illnesses. At the opening session of a meeting of the International
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      • 64 5 FOUR English soccer clubs have asked the London High Court to rule that bans on English soccer teams playing abroad are unlawful. Lawyers for Manchester United, Everton, Southampton and Norwich, said on Friday that the bans, imposed after 38 people died when English fans rioted at the
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      • 61 5 CUBAN authorities have expelled a French journalist in Havana for "insulting national dignity" in a recent article concerning expenses involved for foreigners wishing to marry Cuban women. Andre Birukoff, who had been AFP bureau chief in Havana for one year, was alleged to have maintained that Cuban women,
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      • 57 5 A 12-MEMBER spy ring headed by a North Korean recently arrested in Seoul has been operating in major Japanese citThe Sankei Shim bun newspaper said in Tokyo yesterday that information obtained by Japanese police listed North and South Korean residents in Japan who supplied funds and
        57 words
      • 77 5 TWO PACIFIC island leaders have expressed support for a Hawaii-based high-technology research centre to serve the needs of Pacific Basin countries. Such a centre could help Pacific island countries develop broad-based economies, said Prime Minister Ratu Sir Kamisese KT Mara of Fiji and Geoffrey Henry, Deputy Prime Minister
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      • 78 5 Agencies AUSTRALIAN Foreign Minister Bill Hayden has assured a New Caledonian separatist leader of Australia's sympathy for the separatist cause, but said it will be "very hard" for France to move more rapidly towards independence for the Pacific island territory. "It is very hard for them (Paris) to
        Agencies  -  78 words
    • 246 5 Reuter A SUSPECTED Irish guerilla has been charged with carrying out a bomb attack which nearly killed Prime Minister Margaret Thatcher in the English resort town of Brighton last year. Patrick Joseph Magee, 34, from Belfast, was charged on Saturday night with
      Reuter  -  246 words
    • 377 5 Reuter, AP A EUROPEAN COMMUNITY summit that began with high hopes of forging European union ended in disarray and rancour on Saturday amid deep divisions over how to make the unwieldy grouping more efficient. The two-day summit was dominated by a row over ways to
      Reuter,; AP  -  377 words
    • 450 5 FT AMERICA'S House of Representatives has approved a defence spending authorisation Bill which denies President Ronald Reagan the freedom to send US troops to Nicaragua without prior congressional approval unless certain conditions are met. The loopholes, built into
      FT  -  450 words
    • 168 5 UPI AN INTERNAL Defence Department report obtained by the New York Times says security programmes at most of the US military contractors are so weak they do little to prevent espionage efforts. "A supermarket employee may encounter far more difficulty stealing a loaf of bread," a
      UPI  -  168 words
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  • Page 5 Advertisements
    • 118 5 I ORCHARD HOTEL SINGAPORE Member of the //*m SlKlucl Grouo Elegant. Efficient. Ideally Located. Orchard Hotel Singapore Offers you some Special Packages THE BUSINESSMAN'S PACKAGE Single Occupancy $108.50 Double Occupancy $120.00 American/Buffet Breakfast included Package price is subject to 10% Service Charge 3% Government Tax Valid from July 1 to
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  • Page 5 Miscellaneous
    • 49 5 Doonesbury OKAY, ENOUGH SUSP&iSZ, MICHAEL. IF NOT HERE ON HE CAME J VACATION, WHAT* TO SEE THE GREAT DOONES YOU, GUY. POI/fINHAm? v •o vr M ITS TRUE. YOU SEE, ZONK, IHtVE GOT A NEW CLIENT AT THE AGENCY. THE AMERICAN CANCER SOCIETY. m 7* m BY GARRY TRUDEAU
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  • BANKING AND FINANCE
    • 489 6 Reuter AMERICAN EXPRESS International Banking Corp has told the Finance Ministry it will return its Japanese banking licence and suspend its banking operations by next January, a bank spokesman says. The move follows a decision by its holding company, American Express Co, to concentrate
      Reuter  -  489 words
    • 158 6 AP THE INTERNATIONAL Monetary Fund has announced that it will try to raise its income to about US$5O million a year. Saturday's announcement was made in the fund's bi-week-ly "IMF Memorandum". It said the executive board, which includes representatives of the
      AP  -  158 words
    • 315 6 Reuter HIGH BANK LENDING rates are hampering the growth of Philippine production and exports but are not expected to fall substantially in the short term, bankers and businessmen say. Prime Minister Cesar Virata has said interest rates will fall when a US$925-million new
      Reuter  -  315 words
    • 111 6 MITSUBISHI TRUST and Banking Corporation has been awarded the highest bond triple 'A' rating and commercial paper prime one rating from Moody's Investors Service. Moody's, a US-based financial research organisation, is considered the most authoritative rating organisation in the world. Mitsubishi Trust says it is
      111 words
    • 213 6 AFP THE TWO PER CENT decline in prime interest rates of major US banks in the last few months will enable Latin America to import 10 per cent more, much of it from the US. Experts of the United
      AFP  -  213 words
    • 417 6 Reuter THE SOUTH KOREAN government's recent decision to provide soft loans to troubled commercial banks highlights the weakness of the financial sector and has raised doubts about government direction of bank lending, economic analysts say. Finance Minister Kim MahnJe said the Bank of Korea would
      Reuter  -  417 words
    • 198 6 Reuter THE BANKING regulation committee of France has agreed on new rules extending its requirement that banks should raise enough net equity and long-term debt to cover at least 5 per cent of their assets. The Bank of France said in a statement the capital
      Reuter  -  198 words
  • MONEY AND EXCHANGES
    • 241 6 Union Bank of Switzerland The lack of a clear US dollar trend was the main characteristic of this week's trading on the international foreign exchange markets. Amid narrow fluctuations, the US dollar edged off but without moving out of the range of D-mark 3.04-3.09 and SFr 2.53-2.59.
      Union Bank of Switzerland  -  241 words
    • 264 6 National Discount Co THE INTERBANK money market condition tightened through the week due primarily to half-yearly closing for banks, influence of firmer ACU rates and some tax payments. Overnight funds opening at 5V% 5 per cent firmed in early week to over 6 per cent
      National Discount Co  -  264 words
    • 224 6 Asian market ASIAN currency average deposit rotes for the week ended June 28 BID PRICES High Low US 7 days 7 13/16 7 1/8 1 month 7 13/16 7 3/16 2 months 7 7/8 7 1/4 3 months 7 7/8 7 1/4 6 months 8 1/8 7 1/2 9 months
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    • 214 6 Green Collier EXCEPT for Friday's moderate rally, financial futures prices drifted for most of the week within narrow ranges. The rally helped September Eurodollars to recover from the lows to close at 92.07, a gain of 30 ha sis points on the previous week.
      Green & Collier  -  214 words
    • 488 6 PLR of bonks at the close of business on Friday, June 28, as supplied by the Association of Banks in Singapore. NXCATES the averse of the prime tend* rates of 12 major banks operatinc in Sotfapore. BANK PLR Algemerve Bank 8Vt American Express 9V4 Am'Dom R'terdom Bank
      488 words
    • 81 6 The range of call rates for the week ended Friday. June 28: Bonk fund 5—5.35 General hind 5.125—5.35 $m Movements of funds 1,896 Source: Short Deposits (M) Bhd Discount Prices At Saturday's close Prices offered by discount houses on June 29 3-month Treasury Bills 2 13/16 —2 11/16
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  • Page 6 Advertisements
    • 605 6 JBK ISLAND PENINSULAR BERHAD (INCORPORATED IN MALAYSIA) T* NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 23rd Annua! General Meeting of the Company will be held at 4th Floor, Wisma SPK, Jalan Sultan Ismail, Kuala Lumpur on 22nd July, 1985 at 11.00 a.m. for the following purposes:
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  • SPORTS
    • 697 7  -  By WALTON MORAIS A PAR-SAVING PUTT on the final hole by youngster Tan Chuan Thye gave Singapore Island Country Club the Premier League golf championship at Warren yesterday. SICC, trailing defending champions Sembawang by two strokes coming into yesterday's final round, had managed
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    • 518 7 UPI GEORGE BURNS struggled in the wind on the hack nine on Saturday, but managed a thirdround 2-under-par 70 for a twostroke lead in the Memphis Golf Classic. Burns played the front nine in 3-under but was 1-over on the back to wind up the
      UPI  -  518 words
    • 599 7  -  By ANNA TEO SPORTS FACILITIES are sprouting on campus grounds. Taking their place in the tertiary campuses alongside academic halls and laboratories are swimming pools, gymnasiums, squash, tennis and badminton courts a multi-million-dollar project that will pep up a student life revolving around the
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    • 137 7 AFP A HORSE RACE worth U*****,000 has been announced in Perth, Australia, to coincide with the America's Cup yachting event in January 1967. The race will be called the Australiasian and will be held at the city's Ascot racecourse, on the edge of the Swan River.
      AFP  -  137 words
    • 634 7  -  By BRIAN MILLER THE LATE MORNING SHOWER may have had something to do with it or so they wish to claim but the fact remains, all except one favourite flopped at Bukit Timah yesterday, making the wet afternoon a punter's nightmare. Steady, a smart and for-ward-looking gelding
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    • 441 7 AP THEY HAD added charm, grace and a touch of sunshine to the Wimbledon tennis championships. And when crowd favourites Gabriela Sabatini and Hu Na lost on Saturday, was it just coincidence that that was when the rain came? The top names
      AP  -  441 words
    • 210 7 UPI ONCE AGAIN, the chief subject of conversation involving Jimmy Connors is retirement. Never mind that he's still ranked No 3 in the world, that he is healthy and happy at 32, and he has secured a berth in the fourth round of Wimbledon. The question
      UPI  -  210 words
  • Page 7 Advertisements
  • Page 7 Miscellaneous
    • 665 7 CRYPTIC PUZZLE ACROSS 1 Mass of metal used in making other things (5) 6 A dire possibility when getting dried (5) 9 Attack a highway? (7) 10 Sticky plant? (5) 11 Kerbside coin-swallow-er? (5) 12 New rules for baits (5) 13 Go away and collapse (4, 3) 15 Chap the
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  • FEATURES
    • 1501 8  -  Expectations have become decisive element in determining how far currencies evolve By ANATOLE KALETSKY FT A "CRASHLANDING" of the overvalued dollar, accompanied by a world financial upheaval, becomes more plausible daily. Ironically, the greatest cause for alarm is the recent strength of the dollar,
      FT  -  1,501 words
    • 766 8  -  By STUART DIAMOND NYT THE TECHNOLOGY of burning coal is undergoing what energy experts say is the biggest advance in more than a century. Hundreds of companies are researching and applying methods to burn the traditionally dirty fuel as cleanly as oil. They
      NYT  -  766 words
    • 563 8 AFP A SMALL Wall Street firm is making a lucrative profit with its worldwide service tracing people who are unaware that they own valuable shares. Markham Company was founded in 1960 and since then, its has traced the whereabouts of 60,000
      AFP  -  563 words
  • Page 8 Advertisements
    • 207 8 Neptune Orient Line's, Neptune Pearl, Port of Saint John, June Ist, 1985 next stop Singapore! Saint John salutes Singapore and two cargoes. New Brunswick is a major valued and important customers, producer of forest products, minerals, Neptune Orient Line and Orient agricultural products and fish. Overseas Container Line, on the
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  • THE ARTS
    • 1045 9  -  By JAIME LYE A BRITISH ORGY is going to be screened at the Goethe-Institut from July 6. The British Film Festival features not only the usual "arty-crafty", intellectual-pseu-do-intellectual films that one either loves, hates or cannot understand, but mass appeal films that have had successful
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    • 939 9  -  By ALJEAN HARMETZ NYT HOW CAN YOU get people back into cinemas after they've settled down with video cassettes and television? In Britain, 26 per cent of the population went to the movies at least once last year, compared with the 59 per cent
      NYT  -  939 words
    • 643 9  -  By MARIE DAVID THE INTERVIEW on both radio and television is a very demanding craft. It is one technique for getting information across trom the "horses' mouth", what in broadcasting jargon is called "actuality". Through an interview, the listener or viewer has an
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  • Page 9 Advertisements
    • 187 9 7 Jt Port of Saint John An open door to the world's fastest growing markets. The Port of Saint John offers fast, efficient sea links with the world's newest and fastest growing markets. We have over 50 lines calling on more than 50 burgeoning nations; a dependable, productive port labour
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  • Page 9 Miscellaneous
    • 1166 9 to sm mm vrt < r Gioachino Roeaini...'La Cenerentola' a favourite rapartoira of Cindaralla. 8.00 PM Programme Highlights followed by Panorama Kenya. The Politics of Plenty. A look at the politics involved in giving western aid to Kenya. Million of dollars of Western aid have been given to the Kenya's
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  • INTERNATIONAL STOCKS
    • 259 10 Reuter PHILLIPS PETROLEUM Co plans to make a continuing offer to sell about US$2OO million of post-split common stock between now and the end of next year to the company's thrift plan and employee stock ownership plan. Proceeds from the sales will be
      Reuter  -  259 words
    • 251 10 Jun« 29 Y«fi 1130 -10 Mitsubishi Mitsub El«c 660 393 803 +6 -1 +22 400 +3 Mitsub Hoovy 329 +4 1030 11 Mitsui 407 +6 911 -40 171 +2 Asahi Glass 894 819 10 -1 Mitsui Smiting 549 623 +23 +7 Bridgastona 570 +9 Mitsumi 837 -1 10 10
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    • 345 10 WALL STREET stock prices closed higher in moderate trading on Friday. The Dow Jones Industrial Average gained 3.03 to an all-time closing high of 1335.24. The old mark was 1332.21 set on Thursday. The Dow Transportation Index rose 1.05 to a record 664.09.
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    • 110 10 JUNE 28 Abitibi C$ 18* hup CM Inco 48% 17* 41* unch AJcon 34% 18 21 unch 16* 17* 19* 30% +16* 2* 13% Mc BkxM 21* inch 43% unch 16* BP Con Ltd 32* unch 27* 28% unch IS* 36% 19% 4* 15* unch 32* Cmbl Rd Lk
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    • 198 10 JUNE 2$ Raid Urawc 520 1650 unch INDUSTRIALS A Aloha 920 -to MININGS 2920 +10 175 5 ***** AE And a 800 -5 1325 +10 Butt eh 7175 -125 AMtC 2775 4506 1172 -3 1280 C G Smith 2700 1190 -30 CNA 2806 5 1035 4206 inch 4875 -25
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    • 633 10 JUNE 28 US$ 25* Akoo Alegheny Lud Afted Chwn Cp AM StOTM Afes-Chalmers Am Brandt Inc Am Broodcast Am Can Co Am Cyanarmd Am Etec Pwr Am Exprew Am Horn# Prod Am Moron Cp Am Natural Got Am Tel 4 T«L Amax Inc Amerodo Hes* AMF *c Amr
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    • 847 10 Amsterdam JUMC 28 Fh ABN 458 00 +1 94 70 07 Ahold 230.00 +08 Akzo 110 20 +1.7 amev 247 20 0 7 Amro Bank 79 20 +1.1 Bwfcat 36 90 0 6 Bob 9600 -05 330 00 -10 Botkafe Bt* T«« 88 20 +1 36.80 +1.1 Catv*
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    • 60 10 Reuter BAHRAIN-BASED Arab Ranking Corp has bought a stake in the Dutch construction company Hollandsche Beton Groep NV. Bank official Peter Faberij de Jonge, of the marketable securities department, said the bank took a block of 200,000 shares of the company on May 22, equivalent to 7.1 per
      Reuter  -  60 words
  • Page 10 Advertisements
    • 471 10 k m to wiae, din* audi airtaia if A. £T >0 >' Savour our delectable array of spicy, aromatic kebabs in six delicious selections of prawns, fish, chicken, beef and lamb. With a choice of wines by the glass to perfectly complement your selection. A Cafe Vienna Supplement Dt Royal
      471 words
    • 123 10 V*>«« I Ftag Ch£ng L6u Teochew V Restaurant for the best Teochew delicacies in town. Discover our famous dian-xin, r delicious steam-boat Teochew porridge and other mouth-watering delights prepared by hong Kong chefs. And feel like royalty while C you dine in Oriental splendour. Open daily from: 11.00 am 3.00
      123 words

  • INTERNATIONAL COMPANY NEWS
    • 827 11 Disenchantment sets in as the boom fades NYT PETROLEOS MEXICANOS dominates the Mexican economy Just as the oil giant's 35-storey headquarters dominates Mexico City's skyline. Pemex earned over US$l6.6 billion in badly needed foreign income during 1984, representing more than two-thirds of the country's
      NYT  -  827 words
    • 122 11 Reuter THE NESTLE and Unilever groups plan to merge their fresh dairy product activities in France and Belgium next year. Nestle would be the majority partner in the planned new company, with Unilever the only other partner. A spokesman for Nestle declined to
      Reuter  -  122 words
    • 584 11 NYT CBS INC, in its second filing with the US Federal Communications Commission, has again charged that a proposed US$5.4 billion takeover by Ted Turner, the Atlanta broadcasting entrepreneur, would financially cripple a combined company, throwing the future of CBS into jeopardy. The latest document presented
      NYT  -  584 words
    • 243 11 Reuter JAPAN'S THREE MAJOR car tyre makers will this month report higher-than-expected parent company current profits in the six months ending June 30 and in calendar 1985, spokesmen from all three companies say. Bridgestone Corp will report current profit of 20 billion yen in
      Reuter  -  243 words
  • Page 11 Advertisements
    • 641 11 id r v r 5 e'. 4 Ct •««*•> r*;,-' <* .w ft C5>N *1 str-M. (Shrill Selected US Prime Beef Cuts. Continental and Game Specialities in a hunter's lodge setting ■Hk > M .m;■ I]::#H: Monday to Friday $26.50 10% service charge 3% CESS SUNDAY BRUNCH $24.00 10% 3%
      641 words
    • 143 11 Executive Set lunch Daily $1290 WUKIMV4RILL Menu of the ujaal# TTVVI\ >—"S--3-course lunch prepared in the finest Continental style. Each meal includes a hearty soup and a delicious dessert. Mon Roast Pork Loin Hunter Style Tue Roast Chicken Farmer Style Wed Tender Roast Leg of Lamb Thur Braised Beef in
      143 words

  • RAW MATERIALS
    • 684 12 AP, Reuter THE LONDON Metal Exchange has defended its introduction of new regulations on tin trading, saying it had been forced to protect genuine trade interests and to try to halt an artificial squeeze on prices. On Wednesday, officials of the LME the
      AP,; Reuter  -  684 words
    • 260 12  -  By HOMER CHEN THE PRODUCE MARKET last week was generally easier. Trading was quiet as speculators lost interest and stayed in the sidelines. In the palm oil market, trading was described by a trader as dull with few features. The main buyers, India and Pakistan were
      260 words
    • 272 12 HUNDREDS OF THOUSANDS of palm oil, rubber, clove and pine trees have been destroyed by fire in the rich plantation areas of North Sumatra in the past week. According to Jakarta newspapers, at least 45 houses had been gutted in the fires, but there was
      272 words
    • 266 12 AP THREE STRAIGHT YEARS of bumper crops have made reality of Indonesia's cherished dream of self-sufficiency in rice. But now the dream has been replaced with a nightmare of oversupply. "When there is not enough we have a stomach ache. When there is too
      AP  -  266 words
    • 383 12 Reuter, Bernama JAPAN SAID it would help countries in Asean boost earnings from sales of commodities. A statement on Friday at the end of two-day talks between Japanese ministers and Asean trade and industry ministers' said they would work together to renegotiate world commodity
      Reuter,; Bernama  -  383 words
    • 770 12 A FEW isolated features on the London commodity markets over the past week drew traders' attention away from happenings on the foreign exchange front. But currency considerations remained the major factor in most places. The escalation in cash tin prices on the
      770 words
    • 938 12 COFFEE ROBUSTA coffee futures on Friday ended £59 to £32 a tonne below Thursday night's close as a weaker US dollar compounded overall bearish sentiment. The market drifted down towards midday on a general lack of trading interest, but dropped rapidly in the afternoon as the dollar fell.
      938 words
    • 31 12 r KL TIN k Dot* Closing prices Turnover M$/kilo (tomes) June 24 29.75 283 June 25 29 92 175 June 26 30.03 165 June 27 30.25 105 June 28 30.37 78
      31 words
    • 151 12 Chinese Produce Nutmeg Exchanae 110 FOB NSW 446.00 AVI jp w [Sellers' noon dosing pr lone 29. SS/100 kg). icts OA E&W FOB NSW 281.00 Gambier Coconut oil FOB NSW 330.00 9<Jk FOB 107.00 Old drum FOB Mew drum FOB 120 00 124 00 London Commodity I Anr/i
      151 words
    • 188 12 THE SQUEEZE on nearby continued to dominate the seven trading days under review, interrupted by the long Hari Raya holiday, as Current One RSS July gyrated between 179 and 185 Singapore cents. Turnover was relatively thin as most operators abstained, unwilling to open new positions until the July situation
      188 words
    • 170 12 WHEAT FUTURES on Friday eased late in the session to close two to 2V4 US cents a bushel lower on the Chicago Board of Trade. September ended near the bottom of a 3V4 cent range. Late sales of 2.5 million bushels of September by C and D Commodities and
      170 words
    • 144 12 SOYBEAN futures on Friday eased late to close two to seven US cents a bushel lower on the Chicago Board of Trade. November ended near the bottom of a 9Vi cent range. Collins Commodities and C and D Commodities were active sellers of November past midsession, after C and
      144 words
  • Page 12 Advertisements
    • 268 12 TALAM MINES BERHAD (INCORPORATED IN MALAYSIA) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 61st Annual General Meeting of the Company will be held at 4th Floor, Wisma SPK, Jalan Sultan Ismail, Kuala Lumpur, on 19th July, 1985 at 10.00 am for the following reasons: 1. To
      268 words

  • MARKET REVIEWS
    • 5582 13  -  II""" By HOMER TAN RUMOUR MONGERS and shortsellers had a field day on the Singapore stock market last week. Feeding on rumours ranging from political unrest across the Causeway to heavy withdrawals from the Brunei branch of one of the biggest banks in Asia,
      5,582 words
    • 251 13 KEEN TRADING in special situation stocks dominated Australian share markets in the final week of the June 30 financial year. Myer Emporium was the most keenly sought stock with Castlemaine, News Corp and Allen's also attracting attention. Brokers said turnover was generally depressed, with
      251 words
    • 69 13 Reuter HONGKONG LAND Co Ltd said it has sold its 30 per cent interest in an office building in Kuala Lumpur to Hongkong Shanghai Banking Corp for HKJ4O million. Following the sale, Hongkong Bank has increased its stake to 70 per cent
      Reuter  -  69 words
    • 735 13  -  compiled by JULIANA TAY Week ended June 28 SCRIP ISSUES Selongor Dredg: Proposed rights issue of one-for-four at $0.50 par. CORPORATE DEVELOPMENTS Apollo Enterprises Ltd has proposed to nominate Messrs Binder, Dijker Otte Co as its new auditor to replace its present public accountants, Goh
      735 words
    • 1679 14  -  fl |nrp| London PJ Jlnm m By GERALD COLVERD THIS IS THE TIME of the year when families set off to visit the zoo to see the animals basking in the sunshine and providing constant fascination with their behaviour. Unfortunately, during one of the coldest, wettest June
      1,679 words
    • 336 14 K| -1 Hongkong Imj SHK Research THE HONGKONG stock market was mixed last week with the Hang Seng Index rising 10 points to close at 1,570.61. Share prices opened firmer on Tuesday, encouraged by the half percentage point cut in local interest rates and
      SHK Research  -  336 words
    • 816 14 m I ew UPI, AP THE NEW YORK stock market traded in a narrow range during most of the week but falling interest rates helped push the Dow Jones Industrial Average to record highs on Thursday and Friday. Over the week, the Dow
      UPI,; AP  -  816 words
    • 295 14 BCI A NEW PEAK of 337.46 was hit by the BCI All-Share Index on the Milan stock market last week in spite of a generally easier tone, as investors paused to consolidate the recent remarkable gains. At the close, the index stood at 333.62,
      BCI  -  295 words
    • 738 14 ts? 4 K.Lumpur 5 Ĕ A INVESTORS were clearly disappointed with the Kuala Lumpur stock market's performance last week as hope of a rally after Monday's bullish showing fizzled out by the middle of the week. However, as overall sentiment picked up, share prices closed
      738 words
    • 514 14 mTokyo IvJ AFP BUOYED by a strong performance on Wall Street, share prices on the Tokyo stock market soared last week. The 225-blue-chip Dow-Jones Average, an 82.16yen loser the previous week, posted a massive 193.43-yen weekly advance to a new record of 12,923.05, after registering
      AFP  -  514 words
    • 15 14 Company BONUS ISSUE Straits Trading One-for-four Ex-date: Jun 28 Books dose: Jul 10
      15 words
    • 116 14 Company RIGHTS ISSUE Dah Yung One-for-one <a $1 00 per share (Bonus entitled to rights) George Town Two-for-one (a SI 00 per shore Killmghall Two-tor-five $1.15 per shore Peak Hua Three-for-two'fe. $1.50 per shore Sub-division of $1 par into 2 shares of 50 cents each Sateras Res One-for-two
      116 words

  • Page 14 Advertisements
    • 236 14 NOTICES IHIIIiU TENDER FOR WALK-BEHIND SWEEPERS Tenders are invited for the supply, delivery and commissioning of Walk-behind Sweepers cdfriplete with maintenance tools and accessories to various HDB estates. COST OF HIRING TENDER DOCUMENTS IS $50/- (NON-REFUNDABLE) TENDER COLLECTION DEPOSIT IS $500/-. The deposit will be forfeited if the tenderer fails
      236 words
    • 46 14 N* nr II j Expensive A masterpiece of elegance and precision. Ultra-slim. Two independent gas reserves. Finished in chinese lacquer Hand-crafted in Switzerland by I 'g$ CARANJACHE tturanc* Ca-ar a Ac** s nsunatf #9*05: »oss <y*y purc**seG T and Mj awa Te l 33"43R8S ,r \jaoo*e
      46 words

  • COMPANY NEWS
    • 498 15  -  By ALAN LEE SO MUCH HAS BEEN said about the controversial Grand United Holdings-Sigma Metal takeover that the independent adviser, Standard Chartered Merchant Bank, found itself repeating some of the more salient points of the bid. The message to minority shareholders in
      498 words
    • 319 15  -  TP I By HOCK LOCK SIEW AS ONE OF THE STOCKS reviewed during the special 'Rating the BT Composite' project I undertook on March 22 this year, Malaysia Mining Corporation was described as still being in a transitional stage. Trading then at about $1.40, MMC
      319 words
    • 466 15 FAST-EXPANDING United Industrial Corporation has, together with a few prominent parties, made a property transaction in the US for US$7l million. It has through its subsidiary UIC Group (USA) Inc taken up a 40 per cent stake in a property, comprising four office
      466 words
    • 508 15  -  By HOMER CHEN BELEAGUERED stockbroking firm Alfa-Pacific is still trying to clear the last forward contract involving a block of Ambassador Hotel shares registered in the name of Malaysian businessman Datuk Abdul Razak bin Yusof. Datuk Razak, who has since become chairman
      508 words
    • LATEST RESULTS
      • 54 15 Group operating pre-tax profits of $33.86 million ($30.18 million) for the six months ended March 31, 1985. Directors have declared an interim dividend of 8 cents per share less tax plus a bonus dividend of 2 cents, tax exempt, to be paid on July 29 to shareholders
        54 words
      • 26 15 Operat- ing pre-tax loss of $977,000 (profits of $1.8 million) for the year ended March 31, 1985. Directors did not propose any dividend.
        26 words
      • 33 15 Group pre-tax profits of MSB.II million (loss of $989,000) for the year ended March 31, 1985. The board has recommended a final dividend of 10 per cent less tax.
        33 words
      • 29 15 Net profit before tax of M 516.8 million ($15.7 million) for the six months ended March 31, 1985. No interim dividend was announced.
        29 words
    • 524 15 By HOCK LOCK SIEW IS A NEW BREED of lawyers with a flair for defensive tactics against unwelcome takeover bids preparing for action in Kuala Lumpur? Or is the trickle of corporate activity going to dry up completely? Neither, probably. But MBf's hostile takeover
      By HOCK LOCK SIEW  -  524 words
    • 306 15 THE MALAYSIAN Capital Issues Committee has still to approve of Raleigh Bhd's general share offer for Cold Storage (Malaysia) Bhd. If the CIC is dragging its feet, Raleigh gives no indication of the reason. But Kuala Lumpur sources who are close to the Emtex-MBf takeover battle
      306 words
  • Page 15 Advertisements
    • 32 15 Expensive A masterpiece of elegance and perfection. Dressed in genuine chinese lacquer. CARAN JACHE GENEVE Available at selected watch dealers and department stores Sole Agent Li IB BR MANN Tei *****88 Singapore
      32 words
    • 44 15 ANNOUNCEMENT We wish to announce that with effect from today, the name of our company has been changed from unrrGD moroß works [maLausia] nomings bgrhbd umui coßPOßanan bgrhsd By Order of the Board Suseeia Menon Secretary Dated 1 st July 1985 Shah Alam, Selangor
      44 words

  • 753 16 Major world markets touch record highs Reuter LEADING stock exchanges around the world from Tokyo, Frankfurt, Zurich to Wall Street look poised for further gains after ending the first half of this year in record-breaking form. Continental European exchanges, in particular, have enjoyed a sparkling
    Reuter  -  753 words
  • 53 16 Cobbler, cobbler mend my gun Reuter SECURITY duty cannot wait, ao an Indian policaman makaa do with a cobbler to fix tha aling on hia submachine gun belt. Security at the New Delhi airport haa been tightened following the craah of an Air India jet off the Iriah coast two
    Reuter  -  53 words
  • 260 16 Reuter INTERNATIONAL borrowers should find willing lenders for the rest of the year as they continue to seek large sums to refinance their debts, the Organisation for Economic Cooperation and Development says. But less developed countries were unlikely to find much of an increase
    Reuter  -  260 words
  • 45 16 BT REPORTED last Friday that 16 banks had been elected as council members of the Association of Banks in Singapore but only 14 names were mentioned. The two banks which were inadvertently left out are United Overseas Bank and Standard Chartered Bank.
    45 words
  • 296 16 THE FEEDBACK UNIT of the Ministry of Community Development is not out to crusade for reductions of government levies even though it has been successful in getting a waiver on the fee for installing air-conditioners in public flats. "Every case has to be
    296 words
  • 362 16 Reuter MONEY WORSHIP is corrupting members of the Chinese Communist Party who should remember that communism is the final goal of China's current liberal economic policies, a party leader is quoted as saying. "The idea of looking out for money in everything and of money worship
    Reuter  -  362 words
  • 511 16  -  By LOH HUI YIN ALTHOUGH SINGAPORE remains the world's third largest oil refining centre, a drastic fall in capacity utilisation has eroded the prestige of the position. It is estimated that just slightly more than half of the total capacity of 1.1
    511 words
  • 331 16 UPI THE KENYAN government has rejected as unfit for human consumption 40,000 tonnes of emergency grain shipped from the US, and has demanded that the US remove it from Mombasa, the Kenyan Sunday Nation newspaper said. It said the grain, which
    UPI  -  331 words
  • LATE FILE
    • 26 16 Singapore and Bahrain have agreed to establish diplomatic relations at ambassadorial level with immediate effect, the Ministry of Foreign Affairs announced yesterday.
      26 words
    • 82 16 Reuter A JAPANESE diamond company, linked with a group suspected of massive gold fraud, has been using a goodwill message from the Belgian embassy in Tokyo to promote business. The Kyodo News Service said yesterday that the Belgian Diamond Co, an affiliate of the Toyota Shoji
      Reuter  -  82 words
    • 54 16 AP ABOUT 1,400 people in groups affiliated with Japan's Socialist Party marched past the entrance to the US air base in Misawa yesterday to protest against the deployment of F-16 fighter aircraft there. The protesters also marched around Misawa City, 560 km north of Tokyo, in
      AP  -  54 words
    • 46 16 UPI EGYPTIAN security authorities have arrested a group of persons, working for the Libyan intelligence service, who were planning acts of subversion aimed at undermining national security and stability. The A 1 Siyassi newspaper said the arrests would be announced this week. UPI
      UPI  -  46 words
    • 52 16 UPI OPEC MINISTERS will meet secretly in London this week to prepare for its full crisis meeting in Vienna on Friday. The Observer newspaper said yesterday that Saudi Arabian Oil Minister Ahmed Zaki Yamani and ministers from Nigeria, Venezuela and the Gulf would attend the
      UPI  -  52 words
  • Page 16 Advertisements
    • 134 16 ULAN Coort^HH Exclusive A Luxurious Apartments specially designed for ysn... Ideally located at f jtf l" Meyer Place/Katong JCfJT> S Wm Only 15 Units RlWt 18 comprising of TTr_ f |i/!| m 3 flats and irwT* F 12 maisonettes fc/ ||y L Very spacious artmrfJjß jpkfffl q p apartments "jLI
      134 words
    • 240 16 Aomin i v WAJNTED-\frur Nominations For Singapores Best Business Brain THE search is on for Singapore's most outstanding business brain, and you are invited to join in. Business Times the republic's foremost business publication and DHL the world's leading international courier have joined forces to find the person who deserves
      240 words
  • Page 16 Miscellaneous
    • 60 16 WlMii&l Outlook for today: Portly cloudy, with showers in several areas in the late morning and early afternoon. Report for 24 hours prior to 7.30pm on June 30 at the airport: Maximum temperature 32.3 Associated humidity 63 Minimum temperature 24.7 Associated humidity 88 Hours of sunshine 4.10 Rainfoll in millimetres
      60 words

  • SHIPPING TIMES
    • 279 17 UPI BRITAIN TOPPED the 1984 world list for shipowners' insurance claims to cover strike losses, according to recent figures published by a mutual insurance club. Britain was responsible for nearly half the total of 792 lost working days claimed by shipowners against
      UPI  -  279 words
    • 93 17 Reuter NEW ZEALAND food processor Wattie Industries Ltd said its subsidiary, Venture Shipping Ltd, is the fourth partner in a new Australia/New Zealand container service, Tasman Express Line, expected to start in mid-July. The other partners, Scales Holding Ltd and McKay Ship- ping Ltd of New Zealand
      Reuter  -  93 words
    • 449 17  -  Shippers' councils need to cooperate By JUNE LIM STRONG PRESSURE from independent operators could bring about the widespread collapse of the conference system by the middle of next year, said Mr Sia Yong, chairman of the Singapore National Shippers' Council. So far two conferences have been
      449 words
    • 105 17 UPI MITSUBISHI Heavy Industries Ltd of Japan said it has signed a technological cooperation agreement with state-owned Instituto Nacional de Industria (INI), Spain's largest industrial group. The company said the agreement calls for cooperation in shipbuilding, ship repairs, engine manufacture and offshore construction. It
      UPI  -  105 words
    • PORTSIDES
      • 30 17 Reuter THE AUSTRALIA Middle East Gulf Conference said it will lower its bunker adjustment factor (BAF) to 10.32 per cent from 13.22 per cent, effective August L Reuter
        Reuter  -  30 words
      • 72 17 Reuter THE JAPAN India-Pakistan-Gulf /Japan Conference said it will raise its currency adjustment factor (CAF) for shipments from Hongkong to India, Pakistan and Gulf ports to 5 per cent from 4.5 per cent, effective July 1. The CAF for Hongkong/Gulf shipments covered by the currency adjustment factor/bunker adjustment
        Reuter  -  72 words
      • 59 17 CHINA WILL pay U*****,000 in compensation for the loss of 12 South Korean fishermen missing after a collision with a Chinese freighter, the state-run Korea Broadcasting System reported. It said agreement on the compensation w4s reached in Hongkong after negotiations between representatives of the 98-ton Korean
        59 words
    • 415 18 A LIGHTWEIGHT wharf crane spreader, designed for extra-fast automatic container handling in situations where there is limited access to sophisticated wharf cranes, has won Australia's top award for industrial design. The Cel-Lift Automatic ISO Container Spreader, manufactured by Celsiunator (SA) Pty Ltd, has won
      415 words
    • 256 18 THE NEW board of control for the Multiport Ship Agents' Network has been announced following its re» cent annual general meeting in Singapore. The new line-up is, Chairman lan Mckay (the New Zeland member of the Multiport Network), Vice Chairman, Peter Lea (South Africa),
      256 words
    • 131 18 Reuter FOUR THOUSAND dock workers in Los Angeles and nearby Long Beach ended a 24-hour strike on Friday, but a union official warned a longer work stoppage might occur if stronger safety measures were not enforced. The strike was called to demand more
      Reuter  -  131 words
    • 882 18 A Top Ent X 2 Lion Huat VI 4 AB Shpg V 5 Lin Lin IX 4 Afeo Line VI 3 Lizena IX 5 Ahrenkiel Liner X 1 Lloyd Brasileiro VI 3 AC Toepfer X 5 Lloyd Triestmo IV 1/2 A PC Line V 4 Lucky Seaway
      882 words
    • 899 18 THE freight market on Thursday was featured by a contract of affreightment being arranged for 500,000 mt of coal for shipment from Dalrymple to Gijon, shipbrokers said. The tonnage is to be moved in shipments of 80,000 to 90,000 mt spread from July 1985 to July 1986 with
      899 words
    • 206 19 OCEANIC Finance Corporation las taken a 20 per cent equity in Sundance Cruises, a Seattle-based company operating a luxury liner on the US west coast. Oceanic's stake in Sundance Cruises is the company's first outside equity participation. Partners in the joint venture are McDonald
      206 words
    • 445 19 Lloyd's List ONE-QUARTER OF Japan's deep sea merchant seamen are surplus to requirements and face being laid off if shipowners' demands are allowed. The annual meeting of the Japanese Shipowners' Association (JSA) passed a total of eight resolutions, and according to officials, the
      Lloyd's List  -  445 words
    • 114 19 Reuter HALLIBURTON COMPANY said its Brown and Root Inc subsidiary is studying whether to take a writedown on certain investments and marine vessels due to extended depressed conditions in the marine construction industry. The writedown, if made, "could be significant" to Halliburton's consolidated 1985 net income, the
      Reuter  -  114 words
    • 604 19 YUGOSLAV interests were reported to have paid US$lB to $22 million en bloc for four cargo vessels last week, secondhand tonnage brokers said. They are the 1978-built Songkhla of 23,314 dwt and Sam*» of 23,771 dwt and the 1979-built Sinaloa of 23,721 dwt and the Sienna of
      604 words
    • 156 19 AP THE BRITISH National Union of Marine, Aviation and Shipping Transport officers protested to Iran over the holding of nine British officers on board a Kuwaiti freighter seized in the Gulf of Oman two weeks ago. The Kuwaiti-registered 23,000ton Al-Muharraq, was
      AP  -  156 words
    • 3089 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.
      3,089 words
    • 748 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 P Van Buren 140W 01.7.85 2300 APL F8 0930-1100 N3 Laura Maersk 8508 01.7.85 2330 Maersk F5 1030-1130/0900-1030 Ul/Wl E Garden 005RW 01.7.85 0500 G
      748 words
    • 1683 25 The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises Pte Ltd Some (S) AB Shipping Boustead Shpg Agencies Afeo Line Africon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepter Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK)
      1,683 words
    • 325 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 1.7.85/1500 Hua Wah K19 Guan Guan alongside Ned Loire K12 Ned-EAC alongside 1.7.85/1700 Stolt Pride K29 Stolt alongside 1.7.85/1000 Benjamas K17 Leo 1.7.85/1500 3.7.85/1500 Bintang K29 Samta 1.7.85/1000 2.7.85/0100 Bulat K27 Sharp 1.7.85/0600 2.7.85/0600 Fengtai K35 Y
      325 words
  • Page 17 Advertisements
    • 628 17 A MEMBER OF THE C.Y. TUNG GROUP ORIENT OVEHJEAS CafdcjMtA LINE Agents: \XHO MOW SMffM WDICfS (Rig Pl» 2421M/MK) mi 70 Shenton Way #MO3 Marina Noase Sn*W« 0207 TO *****11 Tde NO RS ***** CFS OfFICE TPC #03-029 Te»: *****31 *****32 luminal Office TPC #03-030 Te» *****90/*****93/*****01 m m rn
      628 words
    • 156 17 mm A LIGHTWEIGHT crone spreader, designed for extra-fast automatic box handling, has won Australia's top award for industrial design. Page II ONE-QUARTER OF Japan's deep sea merchant seamen are surplus to requirements and face being laid off. Page 111 Index to advertisers II Weather map VIII London freight II Container
      156 words
    • 1023 17 A hard look at what it will take to succeed in business tor the next 20 years With turbulent times ahead. forewarned will be forearmed $22.00. TIMES THE BOOKSHOP MAERSK LINE F d Jiang P,nang V 1 Mr HOC HRS 30 toe 2300 MS s'por* I EXPORT TO USA. EUROPE.
      1,023 words

  • Page 18 Advertisements
    • 317 18 Y AM ASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Faadar at Tokyo IMhct VSI U/IB S KASHU 3/1 p. mbow u/t BEBHU M. 17/1 J. APOLLO 24/1 Pacific North Waat Faadar at Kotoa Mottm VSI SWT ¥OI S KBHU 7/1 B/B HYUGA 12/1 13/1 I ALLIANCE 17/1 11/1 TOKYO M 27/1 2t/l
      317 words
    • 453 18 Supercarrier Service lILLJM NCXT ARRIVALS BARBER PERSEUS V 7. BARBER HECTOR 26/7. BARBER PWAM 6/1 TO: CAUFORNIA PANAMA US ATLANTIC US GULF E. CANADA Mm Kcqxm cartn tor (MLB). I Fr*»». (htat Stocit.. and San teg* «a I tagetov TO: CARIBBEAN CENTRAL AMERICA U/S 13/1 22/8 M/» 2/8 4/5 12/1
      453 words

  • Page 19 Advertisements
    • 680 19 The Straits Steamship Group L Mansfield Container Shipping Pte Ltd Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok [COWAINERSHIP SERVICE TO UK /CONTINENT 5T CITY OF EDMBURGH to* 10 express OK BORNEO »i=: ;i'.: J i CONTAINERS** SERVICE FROM UK/CONTINENT The swire china Navigation Co.
      680 words
    • 841 19 NOTICE ANNOUNCEMENT KANSAI LIKE are pleased to announce the appointment of their undermentioned new agents in Singapore and Malaysia effective Ist July 1985 UL Hai Sun Hup Co (Pte) Ltd SINGAPORE 15 ENGGOR STREET #10-03/04 REALTY CENTRE SINGAPORE 0207 TEL *****06 (20 LINES) TELEX: RS ***** RS ***** FACSIMILE *****48
      841 words

  • Page 20 Advertisements
    • 550 20 m «ji u Hapag-Lloyd j| TO CONTINENT/UK EXPORTS On camaf« to Scandnavia, Med, Carribean &S. America Hand haulage to Wand destinations in Europe Feeder Bcfuvon Hambwg Eipress Hamburg Express Osaka Bay Osaka Bay Liverpool Bay Lmrpwt Bay Hongkong Eipress Express Hantaan Bay Kontoon Bay BtfuUcr Connecting mi Kobe Connecting in
      550 words
    • 237 20 t FULLY CONTAI Njjn SE D _S E_R VICE TO EUROPE Vl* SUEZ 1 K*"*" of ttw Ace Cwnortun wm FULLY CONTAINERISED TO/FROM NOflfH AMERICA WTSI i-UAbl PK* Spoit* IKH IA OaMjnd S«Jttt* VmBC HK Si*"' 4/7) 2/7 I 10/7 27/7 30/7 1/8 2/8 20/S 27/8 CONVENTIONAL SERVICE To/From BUS
      237 words
    • 470 20 LINK SINQAPORE/lANSKOK TWICE A WEEK With Refer. FCL I LCI Container Service Ag*nta: -a f >-«-*■» m 1 a. |y Bitfuc iranpsn rvMpn rvnrrai iivniiM u. in 325 S.PM Bldg, S/7om Ad, 7W: *****93/5 SIN CHIAO SHIPPING of CMm M*«. IS-00 Ton NO. RS *****/RS ***** TIL *****1 COS CO
      470 words
    • 741 20 o EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) US WEST COAST SERVICE FAR EAST/RED SEA/MEDITERRANEAN SERVICE HQ OMMARD bftrt no own 1/7 no OKD 18/7 IRR-fORTME 24/7 no ocv* nn ALSO ACCEPT* CARGO TO: 1) US HUMS. TOOK. C»Ti. KUUXI PUB LEGHORN GERM
      741 words

  • Page 21 Advertisements
    • 807 21 V\v PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 VESSEL KOTA WIRAMA KOTA TIMUR KOTA WANGI KOTA RAJA KOTA RAKYAT EAST AFRICA/REDSEA SERVICES VOYAGE HONGKONG SINGAPORE LOADING FOR: E-566 26-27/6 3-7/7 TAMATAVE, MOMBASA. DAR-ES-SALAAM E-573 26-30/6 6-10/7 ADEN, HOOEIDAH, JEDOAH. PORT SUDAN, AOABA CP/30/65 16-20/7
      807 words
    • 743 21 EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHPMENT CARGO TO/FROM PENANG AND JAST MALAYSIAN PORTS IKJJEBSEN LINE K. NEW ZEALAND TO NEW ZEALAND, CAPUA NEW GUINEA AND SOUTH PACFIC OSAKA BAT/OSEN TAIRANGA 3S o P Moresby Auck Taur Hap** 1/8 9/8 16/8 Tmaru Bkitt
      743 words
    • 531 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF MAiAPAMT *21 M Go*» *21 WEST BOUND ALSO ACOTTPS CAMO TO CIUMMtI ALSO ACCEFTMG BOTH CONTWBtS. CONVENTIONAL CARGO VIA T/S TO UK ran. HUU. LEHAVK OSLO. COPOMKDt AARMUS. GOnOBUBC AIO KLSMKL Ajenh EKA JAYA AGENCIES THtptane 9137?? t«uwat tMM M SISAL PTE LTD Til PtN»*G
      531 words
    • 623 21 BOUSTEAD SHIPPING AGENCIES m BURMA FIVE STAR (Burmese National Line) Loadnf for Ranfoon S'pore P.Ketanj Htoneywa V2O2W In PI/2 U Pa-an VSSN 5/7 M Ptushwefyawywa V 256* 12/14 M Pagan VWW 22/24 U BANK LINE SEM-CONTAMER SERVICE TO UK/CI SPORE R'DAM HULL HMBG TOANA PAPUA 4 Jul 30 Jul 8
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  • Page 22 Advertisements
    • 1103 22 K LINE KAWASAKI KISEN KAISHA, LTD. USA CANADA PACIFIC COAST (Including DESTINATIONS INLAND vto IPI/MICROBRIDGE ft MINILANI) BRIDGE) FEEDER/ MOTHER VESSEL MAETERLMCK V6E OREGON BRIDGE V 2 LIONS 6ATE BRDGE V 35 HAKOIK MARU V2S SEVEN SEAS BMDGE VSOE NEPTUNE EMERALD VII JOHORE BRDGE V 45 PIANTM Vl4 STORE PKLG
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    • 616 22 ii U CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE lo.Ml.ne tor 10S MKlltS SAN fRANCISCO SEATTIf IACOMA VANCOUVIR BC A., epting FCI fCI Containers P Mane Singapore I Angrtes BHAVABHUTI" 9/1$ U 5 Aug AUSTRALIA EXPRESS CONTAINER SERVICE Aufplmg fCI FCI Containers KABIRDAS 4 S July 30 lune 3 luly
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    • 590 22 SANKD ASIA FROM JAPANfSI PORTS ANO HONGKONG PKeUnt 1. PALIkSTAR rat GO 2 BU.AT 3. GOTOHG ROYONG 4 GOLDEN VALLEY 5. FUKU2AKI MARU 6 HOSHO MAItU 7. NPPO MAJtU 1 M K 27/1 U 3/4 M 7/1 M 7/1 M 10/12 M 13/15 U 5/6 U 9/10 U 9/10 U
      590 words
    • 520 22 INTRASEA (PTE) LTD 10 Anson Road »27 16 Internationa 1 Plaza Singapore 0207 Tel *****11 ilO liiesl o BREAKBULK SERVICE TO EUROPE/UK S pore P *»> ATREUS *****08 ANANGEL HAPPVESS *****09 ROTT/ANT/UJI (AVON) ROTT/ANT/UJI. (AVON) Nantet/Bardeau A t ents SnCKMtt MTRASEA (fit) LTD BOOKMG *****11 K Lunpw BMTANG SIVPMG CO
      520 words

  • Page 23 Advertisements
    • 1030 23 NOL NEPTUNE ORIENT LINES LTD I TO EUROPE/UK (VIA SUEZ): 0 CHEF 44W+— K JACEJM 29W N CRYSTAL 30W.... MAETERLINCK 7W.. SS BRDGE 51W C PAUL 45N Also accepting cargo to/from Scandinavia 0 CHIEF S'pore Closing Times: FCL Cargo 2359 2/7 LCL Cargo 1200 2/7 FROM EUROPE (VIA SUEZ) SURABAYA..
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    • 531 23 HEUNG-A SHIPPING Korean Flag Vessels DOMAW SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON SPiWt »(,INIS WPTUNE AGINCKS Plf lID lei ?!899/7 7/BS4J4 ißoo*«.{s) ???7510 ??1?0?? (OpffitKms) ????*»< ??09?»4 <t»rr™njh ??0?4S0 ??0?504 <CFS» Mi I'Slt tUNIS TUNAS SHIA SON RHO Kl IH *****0 *****4 PK Ifl *****4 PIN lei
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    • 1051 23 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SJNSOV BUI DWG 55. Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG M/S SHARK AT NAH SOON SON BHD IST AND ?ND FLOW NO 1 JAIAN CEMPENMG PORT KLANG
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    • 35 23 SIM SWEE JOO SHIPPING SDN. BHD. i EXPRESS TO BINTULU P Keiant Ludnc to ERISED SERVICE Kudwt Sbu, Brtufei. Mri. KK A cents: JAMBATAN MERAH SDN. BHD. P. Kelang: *****6/7 K.L. *****7/*****1 Penang ***** VA
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  • Page 24 Advertisements
    • 593 24 Regional Container Lines 4 Sailings weekly Fast Reliable Regular Punctual Berthing P.S.A. Mon, Tue, Thur, Sat Idol REGULAR/FEEDER SERVICE TO PHUKET/SONGKLA RATU CONSORTIUM 176N/350 4 M RATII KONSORTRJM *****/352 11 Ad RATU KONSORTRJM 178N/354 It Ad RATU KONSORTRJM 179N/35t 25 Ad HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINER I
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  • Page 24 Miscellaneous
    • 156 24 r vL K& MM ■4k fA A m s 1L T<Ik Is c crWind direction with speed in knots SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C yA\ Weather s-S w "*l direction with speed in knots Rain Wave height Cloudy Sky Slntern
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  • Page 25 Advertisements
    • 170 25 COLUMBUS LINE PNG PACIFIC LINE S'pore P. Kelang LOADING FOR TBN 10/7 12/7 P.Moresby, Loe, Oroboy, Kovieng Kieta, Kimbe, Alotau Also colls direct to Biollo and other PNG ports subject to inducement. Heovy lift vessel available. Fof Freight Bookings ANDEKA SHIPPING PTE LTD TEL: *****45, *****50 TELEX: RS ***** ANSHIP
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    • 152 25 REGULAR SERVICE TO INDIA E 5228E3 I CONVEMTIONAL/CONTAINER t-Sa,iiihvaiiiH (ill i^L.ln CONCORD LINES REGULAR CONVENTIONAL SERVICES HOT ETA EID LOAOMG FOR CONCORD ANGEL 6/SS 2/7 4/7 PAUMMNG, PIAJU CONCORD BOWK 5/S5 25/7 21/7 CtfTTAGONG *M» accept, Phnom Penh, lluiiaHi, Bombay. Banfkok CONCORD MARINE PTE LTD 7 >»l #03-21. P>(jr Canptai
      152 words
    • 450 25 OCEAN BRIDGE SHIPPING PTY LTD, '(g)i- FREMANTLE REGULAR SAILING TO FREMANTLE MV HELEN COAST ETA 3/7 ETO 1/7 iv Shipping C I #20 nfw lone Efl( Bktf Sxfjpart 0106 I# 223(272 4 Cheng Lie Navigation Co., Ltd. com ami soma to un» okhon»ong/tiunwi STOK BKK MM HE KM) CHUNG IE
      450 words
    • 99 25 P2, FINE-LINER SHIPPING PTE LTD Itowdfiow Iwdwtrltl Park, S'pora 0314 TLX: R> 22M1 RJMEB TEL: 274W82/C/C ACCEPTING BOTH FCL AND LCL hVM IWMU'B'' ...Ml CALCUTTA MAMAS. CHTTAGONE P LIN LIN SHIPPING PTE. LTD. 1 Magazine Road. »OSO6 Central BuNdtng. Singapore 0105 Tat: 533M14 *****22 WEEKLY SERVICE SINGAPORE TO KUCHING SIBU
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    • 60 25 LIZENA PTE LTD PROMPT SNIPPING LINE SA. KSUUt RORMY LID JDNO TO RBT WKM PORTS HMKIANG CAKF* KHAI CMKER n» STORE Mr LOW COTONOU. 00UM.1. IMTNX TOM FKX TOM. DMM 30th My LOW OROOO rOMTtNOK MKTMM. TOM MKM hut GBOULMOm: WEN CHAWO lIWIIQ A ENTERPRISE* PTE LTD It ANSON ROAD
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  • Page 26 Advertisements
    • 289 26 WORLD LINE EXPRESS REGULAR SERVICE JAPAN/HONGKON6/STRAITS VESSELS ASIA* MGOSY GOUJOt LAKE I BUCK MULE OMENTAL ACE Al NSC rowte bt S«f jporr Gen i Support al PfN Gd*. P2 ent NffOK EXMESS (S) PTE LTD Nortd Trad* C«ntr« 1 Maritime Squrt #09-51 Snfapwe 04M Tct *****11 ent ALLY A2RAN HOLDMGS
      289 words
    • 248 26 iM EAST ASIA LINE^ -J (Mojaystan Flag) Rsguter Liiwr B«twM(i M'SIA/S'PORE/INCXA P. Kelang Penang S'pore L6q for AMAH S* 4 Citato* MEM PERTAMA 5/7 2/7 Ma*«s/tte REGULAR JAPAN/STIAITS/ JAPAN SERVICES LAMBOR 17/7 W/7 15/7 MAm EAST ASIA SMPPWG SON. BM). PJ(. Tel: *****2/36 MFBC Ki. Tefc *****1/*****0 COMER SWPMG. STORE
      248 words
    • 685 26 C.Y. LINE (A Mtmbtr Of Tho ACE Consortium) CHO YANG SHIPPING CO. LTD mur cnnunscD somct to euiok <w suezj ORENTAL CHEF 44N KOREAN MCE AN 2IN NEPTUNE CRYSTAL SON MAETERLMCK m LcHkm Rdjffl Fslmk Htv| Bun A*»tip 22/7 23/7 K/l 27/7 21/7 10/7 29/1 30/7 1/1 3/1 4/1 0/1
      685 words
    • 1026 26 COMPAMA PERUANA DE VAPOREES (CP.V.) "PERUVIAN STATE LINE" p loidmg tor Cabo KUlatini lo iral J* other Permian poets tntti trjnshpwent at Koto M On CPV Through Bdh ot l«J.ng to tin* destination A fenjnf* P. KeUnf Smcqwt S MURRAVEVERETT 11/12 M 13/14 M A THOMASEKKTT 29/31 M 1/2 ta|
      1,026 words