The Business Times, 3 July 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 WEDNESDAY, JULY 3, 1985 60 CENTS
    12 words
  • 314 1 BAD DEBTS played a big part in the 36.7 per cent drop to $135.3 million in pre-tax earnings of finance companies as evident in BT's latest survey of the sector. Although none of the houses incurred losses, 30 finance companies, including the Top
    314 words
  • 584 1  -  Inclusion of other products to be considered By BOEY KIT YIN IN A MAJOR CHANGE of policy, the New Zealand government is expected to reinstate 35 Asean exports to its Generalised System of Preferences ahead of the Asean foreign ministers' meeting in
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  • 425 1 UPI Reuter SOVIET LEADER Mikhail Gorbachev has named Foreign Minister Andrei Gromyko as the new president, leaving himself free to concentrate on domestic policy. Mr Gorbachev, greeted by thunderous applause by the 1,500 delegates to the country's parliament in Moscow, nominated the veteran diplomat
    UPI; Reuter  -  425 words
  • 141 1 Reuter THE AUSTRALIAN National Companies and Securities Commission (NCSC) will act firmly against secret or clandestine share dealings in Australian public companies. NCSC chairman Henry Bosch said the commission believes some local and foreign buyers are using stratagems designed to cloak the identity of beneficial
    Reuter  -  141 words
  • Article, Illustration
    81 1 THE STOCK MARKET closed substantially lower yesterday, marking the third consecutive day of decline. The BT Composite Index fell 7.17 paints to CTS.M and the Straits Times Industrial Index lost 8.17 points to 7«7.». Volume was a low 7J2 million shares worth $14.57 million. Losers out- paced gainers
    81 words
  • 352 1 Reuter CHINESE leader Deng Xiaoping said yesterday that his current pragmatic economic reforms were an experiment. The New China News agency quoted him telling Turkish Prime Minister Turgut Ozal during a meeting in Beijing yesterday that although China had been carrying out reform
    Reuter  -  352 words
  • 86 1 Reuter THE LONDON Metal Exchange has lost credibility as a free market as a result of its suspension of kerb trading on June 26, Malaysia's Primary Industries Minister Paul Leong says. The metal exchange suspended kerb trading after tin prices rose to £10,350 per tonne
    Reuter  -  86 words
  • 516 1  -  By JEFFREY TSANG A FIGHT IS BREWING over the future of the Singapore agency for Porsche cars following a decision by the German manufacturer to terminate its agreement with Ngo Hock Auto Spares. Although Ngo Hock was put into receivership following the
    516 words
  • Page 1 Advertisements
    • 138 1 particles OciTVCom ypyrgrm pte ito Tei 74.3-5555 Fuller report, Page 7 Why tic up vour capital' Rent special equipment from Thorn. 45" Projection Screen tpjySJEpj (Multiple presentations at seminars, I conferences, training classes. Auto Rewind Video Recorder and Colour TV Suitable for types of non-stop business promotions. From $170/- per
      138 words
    • 269 1 mm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS LETTERS CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW THE GOVERNMENT'S decision to remove unnecessory curbs on the resole of public housing units is correct. The new rules ore much fairer and will help eliminate the grouses of a number of Singaporeans
      269 words
    • 12 1 Full report, Pago 10 Asian stocks, Pago 9 Intl stocks, Pago 8
      12 words
    • 218 1 -"BALLY of Switzerland rnrrl\ thr ikjllrrigf i MARINO Sole Agent S.G. P«fT«tt A Son (Pte) Ltd. Singapore Top 100 THE COMPUTER print-out of BT's latest half-yearly listing of the Top 100 in terms of market capitalisation throws up some very interesting findings a shrinking Billion-Dollar Club, surprising newcomers and disappointing
      218 words

  • HOME NEWS
    • 371 2  -  By CHUANG PECK MING TWO MAJOR RETAILERS of 'trade' books in Singapore, MPH Bookstores and Times the Bookshop, have reported a fall or slowdown in sales of such books. Trade books exclude textbooks but include novels, children's books and books of general interest.
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    • 372 2 PRODUCT ADVERTISING may be familiar enough, but few companies in Singapore appreciate the role corporate advertising can play in improving their image. Those companies which do use corporate advertising too often simply blow their own trumpets, missing the point that effective selling is to relate
      372 words
    • 252 2 SINGAPORE WILL BE an important base for US multinational Emhart Corporation's expansion plans in the region, says its president, Mr William Lichtenfels. Emhart is expanding its interests in China through Singapore and has deals worth US$3O million in glass manufacturing and rubber
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    • 162 2 A SINGAPORE manufacturer is being sought to make a range of new-design spectacle frames which have won a top design award. Called the "Hi-Rise-2", the Australian-designed frames have a sliding bridge claimed to allow height adjustment for better vision and comfort. R Engelhardt Nominees Pty
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    • 444 2  -  By LISA LEE HOTELS ARE STEPPING up their efforts to persuade secretaries to book rooms with them. Offers of complementary accommodation, meals at in-house restaurants and coffee-houses, and free air tickets to the US, Europe and within the Far East are some of
      444 words
    • 495 2 LOUIS W ALLSTADT has been appointed chairman of Mobil Oil Singapore. His responsibilities also include the supervision of Mobil Oil Malaysia and Mobil Oil Thailand. Mr Allstadt, 42, holds BS and MBA degrees from the US. He joined Mobil Oil Corporation in New York in 1969 and
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    • 512 2 THE NATIONAL Productivity Board had no intention of competing with the private sector when it started constructing a $55- million building during the current property glut, an NPB spokesman told BT. The NPB Building in Bukit Merah is being raised for a special purpose
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    • 221 2 DIAMOND COMPANY De Beers hopes to raise at least $20,000 for the Lions' Nursing Home in Singapore next week in its own glittering way. It will sponsor a dinner and a "Diamonds of Distinction" exhibition at Hyatt Regency Hotel on
      221 words
    • 404 3 MORE SINGAPOREANS are looking to buy homes in London, prompted by a favourable exchange rate between Singapore and the UK. The fall in value of the pound plus an active letting market in London have persuaded a number of Singapore investors to purchase property, especially
      404 words
    • 419 3 -ENTERTAINMENT duty •;on cinemas collected by the «Singapore government to a mere $689,000 in April this year, down i from $2.6 million in March. The main reason for the drop was the reduction of tax on cinemas from 35 per cent to 10
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    • 304 3 SPAIN WILL SET UP a commercial office in Singapore later this year, according to Mr Antonio Estevez, the Spanish economic and commercial counsellor for Singapore and Indonesia. Speaking at a presentation of the 22nd International Furniture Fair of Valencia at the Singapore Manufacturers'
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    • 481 3 APPLE COMPUTER is introducing Macdraw, a structured graphics application for the Macintosh personal computer. Macdraw offers the Macintosh business user a wide range of design and illustrative features that are both powerful and easy to learn. Managers can use it as a tool for making professional presentation materials
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    • 407 3  -  By PENG AILIAN THE PRESIDENT of the Nanyang Technological Institute yesterday allayed fears that there were too many engineers in Singapore. Dr Cham Tao Soon said the annual ratio of 480 engineering graduates per million population in Singapore was much lower than that for
      407 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 162 3 juiy SUN SAT FRI WED THU 72-65 23 Only Thai (lies to Bangkok 3 times a day, every day of die week. Directly. Whenever you're ready to leave for Bangkok. Thai is ready to take you there. Directly. Aboard our A3oos. We leave for Bangkok three times a day, everyday
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  • OVERSEAS
    • 530 4 Agencies THE ADMINISTRATION of US President Ronald Reagan undertook "legal action and diplomatic steps" on Monday to close Beirut airport to international travel, and hinted that the US would strike against terrorist training camps or support bases in the Middle East. "We want
      Agencies  -  530 words
    • 253 4 UPI THE SOVIETS were not amused by US President Ronald Reagan's joke that the movie "Rambo: First Blood 2" showed him what to do if Americans were taken hostage again. "The president's jokes, as we see, have a quite definite political bias and mirror
      UPI  -  253 words
    • 137 4 Reuter CALLS BY LEADERS of the banned Solidarity union for laminate strikes to protest against increased meat prices appeared to attract little reopsnsc In Poland yesterday. Gsvernmeat sonrces said there were no stoppages. Western diplomats said the lack of response to Solidarity's calls
      Reuter  -  137 words
    • 162 4 Reuter SAUDI ARABIA, once the world's largest oil exporter, saw its crude oil exports fall to 20year lows in June. Oil industry sources said exports of crude oil from the main Saudi terminal of Ras Tannurah fell to around one million barrels per day
      Reuter  -  162 words
    • 453 4 Poehl says US deficit 1 a threat to stability Reuter BUNDESBANK GOVERNOR Karl Otto Poehl says the US current account deficit remains a threat to international monetary stability. The longer US trade and payments remained out of balance, the sharper the correction would have to be, he told a conference
      Reuter  -  453 words
    • 254 4 AP COUNTRIES in Asia and the Pacific should adopt more preferential arrangements in food trade to ensure adequate food supplies for all nations, said a report from a UN-sponsored conference. The report was adopted on Monday at the end of the second conference on food
      AP  -  254 words
    • 171 4 Reuter LEADERS of the Caribbean Community (Caricom) warned at the start of a four-day summit in Barbados on Monday that a continuing decline in regional trade could lead to a break-up of the 13-nation body. Barbados Prime Minister Bernard St John said the world recession
      Reuter  -  171 words
    • 133 4 Reuter ROYAL TRADITION has prevented a double billing of pop superstar Michael Jackson and Britain's Queen Elizabeth on a set of British Virgin Islands stamps. Protocol forbids the monarch's head appearing on any postage stamp portraying a living person, a palace spokesman said. The
      Reuter  -  133 words
    • 753 4 ARRIVALS Operator Service Local From number time PAA PA2I 0020 LAX/TYO/HKG CAL CIOIO 0815 JED/DHA MAS MH68I 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH8I1 0940 PEN RBA BI42I 1000 BWN SIA SQ103 1005 KUL CPA CX7I0 1030 CGK
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    • 76 5 <i6OUTH KOREAN residents of Osaka want on a hungar strika on Monday, demanding that the Japanese government abolish tha law requiring fingerprinting of all sdult foreigners living in the country. On the same day, registration began undar a revised fingerprinting system using a colourless solution instead of
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    • 391 5 AFP THE CHINESE press marked the 64th anniversary of the foundation of the Communist Party by emphasising the need for "socialist education" to accompany economic reform. Western diplomats in Beijing said Monday's press articles were remarkable for their calls for the revival
      AFP  -  391 words
    • 153 5 AP CHINA IS TOO BIG and has too much to do to meddle in other countries' affairs, Chinese leader Deng Xiaoping was quoted as saying on Monday. Meeting a Thai delegation, the 80-year-old Communist Party leader praised Thailand as "a real friend
      AP  -  153 words
    • WORLD IN BRIEF
      • 69 5 THREE OFFICIALS of a small chemicals company were sentenced in Illinois, US, on Monday to 25 years in prison for the death of an employee who inhaled cyanide vapour at work. In handing down the unprecedented sentence, Judge Ronald Banks said the three defendants were
        69 words
      • 68 5 THE EUROPEAN COMMUNITY'S provisional unadjusted industrial production index in April fell by 4.1 per cent from March but remained 4.4 per cent above its year-ago level. The community statistics organisation, Eurostat, said the index, base 1980, stood at 104.8 in April after 109.3 in March. The
        68 words
      • 81 5 CHINESE AUTHORITIES had been buying Taiwanese currencies in Hongkong in the past six months in what economists described as a measure to facilitate the barter trade between fishermen from both sides. The mass-circulated United Daily News said while the Taipei government was trying to find out
        81 words
      • 75 5 Agencies THE CHINESE military authorities have sentenced to death all 13 crew aboard a Chinese torpedo boat which was diverted to South Korea in what was believed a hijack attempt by two crew members. The Taiwanese mass-circulated United Daily News said, in a televised trial session
        Agencies  -  75 words
    • 123 5 AP A JAPANESE district court declared on Monday the insolvency of Toyota Shoji Co Ltd, a firm accused of defrauding about 30,000 investors in fake gold sales, court officials said. Toyota Shoji's chairman, Kazuo Nagano, 32, was hacked to death by two assailants at his home
      AP  -  123 words
    • 322 5 FT EXPORTS of developing countries rose for the first time in three years in 1984. The rise was coupled with a further decline in imports, producing a trade surplus of US$lO.9 billion, the first such surplus for developing countries since 1981.
      FT  -  322 words
    • 92 5 Reuter PRESIDENT Ronald Reagan of the US has issued an executive order extending preferential trade treatment on eligible goods to 32 countries designated as the world's poorest. Under a 1984 amendment to the Trade Act, Mr Reagan ordered that the countries, all on the United
      Reuter  -  92 words
  • Page 4 Advertisements
    • 131 4 WE'RE FUSSY ABOUT LITTLE THINGS. V After a long day of business meetings, you'd like nothing better than to unwind with a cold glass of beer. Topped with a fine creamy head that locks in the freshness and flavour. At the Equatorial, u>e sen>e it to you chilled just right.
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    • 7 4 a a Fastest Daily to San Francisco.
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  • Page 4 Miscellaneous
    • 53 4 Doonesbury. BY GARRY TRUDEAU THE MEMO YOU WANT NO, NO, I'M US TOBKAK BAPY. I'VE FOKAF&U JUST6OTTO MINUTES* > SA/GOOP&S minimis rr, art. mniosr OFF THE TANNING I H&.MtKE. THZCRA&. 2 St m a I r > m m m m I si V 1 I x ~iiJl T; i
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  • Page 5 Advertisements
    • 133 5 XL y wr ■s. mi *s -f u &X jfe m s> i w >••-- A. ■Jag n vir--1 ig M m iii r^»"; SOU S >V 3" V. .^7i&ifcSr Onlv a tew w ill catch more than a glimpse. The Gold Card. No other card says so much about
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  • TRAINING & DEVELOPMENT
    • 865 6  -  By ZHOU MEI JIN A COUPLE of months' time, South-east Asia will have jits first centre geared towards training people who have the J most contact with the public [those who work in the the retail trade. BT has been told that
      865 words
    • 412 6  -  By ANNA TEO THE Singapore Hotel Association (SHA) will be setting up an education foundation within the next two to three years. The association's action plan 1985-1987 states that the SHA Education Foundation will replace the SHA Education Fund. Its responsibilities include the setting
      412 words
    • 357 6 THE PROBLEM with producing a wide range of products while retaining the benefits of economies of scale will be one of the subjects tackled in a three-day conference in Singapore next week. A possible solution which will be discussed is computer integrated manufacturing (CIM), which
      357 words
    • 245 6 RESPONSE to three short university courses on improving operations has been poor, perhaps another symptom of a downturn in business. All three courses developing effective business strategies, discipline and grievance handling, going public in Singapore will start this month. But less than a
      245 words
    • 664 6 Seminars and courses DURATION July 10 July 10-12 July II July 11-12 July 15 TITLE Foreign Exchange and Treasury T echniques The Psychology of Winning Seminar on Bank Taxation Developing High Performance Teams Put It In Writing VENUE Shangn-La Hotel SIM Conference Room Pavilion Intercontinental Novotel Orchid Inn RGA
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  • Page 6 Advertisements
    • 173 6 DAI-ICHI HOTEL The Excellence of International Standards, The Charms of Traditional Service. If traditional service and complete facilities make a difference to you. then stay at the Dai ichi Hotel (Singapore) Travellers and guests will discover restful comfort in our 420 luxuriously furnished guestrooms which command a panoramic view of
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  • BANKING & FINANCE
    • 428 7 Reuter CREDIT MARKETS In the US yesterday had to cope with continued technical firmness in the Fed funds rate and new statistics that are expected to show strength in home sales and factory orders in May. The Fed funds rate rose to
      Reuter  -  428 words
    • 115 7 AFP TAIWAN'S offshore banking centre, opened last July in a bid to make the country one of Asia's top financial centres, had absorbed US$5.2 billion by the end of May. A financial official in Taipei said yesterday that there were now seven banks operating in
      AFP  -  115 words
    • 910 7  -  By ALVIN TAY THE BIG FOUR finance companies Hong Leong Finance, DBS Finance, United Overseas Finance and Singapore Finance continued to dominate the industry last year. BT's 1984 ranking of the industry shows the four accounted for 53 per cent of
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    • 244 7 THE DECISION by Standard Chartered in London to make Singapore its area headquarters for Brunei and Indonesia has resulted in "radical changes in senior management structure". According to area general manager Michael Brown, four new posts have been created to cover international banking, corporate banking, domestic banking,
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    • 272 7 Reuter THE SECURITIES and Exchange Commission in the US has voted to require banks performing brokerage services to register with the agency, just as if they were ordinary brokerage firms. The commission staff said the new requirement would "enhance competition" in the financial services industry
      Reuter  -  272 words
    • 264 7 FT THE FIRST travellers cheques to be denominated in European Currency Units will go on sale in Italy in the next few weeks. A consortium of leading hanks is introducing into Italy the ECU travellers cheque developed by Societe Du
      FT  -  264 words
  • MONEY AND EXCHNAGES
    • 617 7 SINGAPORE THE US dollar was little changed yesterday against most major currencies compared with New York levels in quiet early trading. The US dollar was little changed at 3.0440/50 marks compared with New York's 3.0440/55 close and at 2.5500/10 Swiss francs against 2.5500/30 francs in the US. The
      617 words
    • 232 7 Interbank rates at 3pm yesterday: Local dollars to Quoted yt »<**, e *om parity chsnQi on« unit of foreign currency: US dolor 2 2315 ***** 2.8196 -20 86 Sterling pound ***** 2.9100 7 3469 -60 44 Australian dolor 1 4350 1.4879 3 4286 -56 57 NZ dolor 1.0711
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    • 391 7 BA Futures Inc Efiiilhr futures yesterday gapped lower owing to concern that the US Federal Reserve might not ease monetary policy since they did not add reserves on Monday night despite the high Fed funds rate. The selling pressure at the opening saw the September contract being traded to
      BA Futures Inc  -  391 words
    • 258 7 HONGKONG: GOLD yesterday closed higher against New York's finish but pared some of its early gains yesterday morning in fairly active trading. Dealers noted New York bullion dealers had sold some of their holdings ahead of Friday's Opec ministerial meeting in London. The metal ended at U*****.25/75 an ounce
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    • 123 7 THE OVERNIGHT rate on the Singapore interbank money market fell '/t point from Monday to close at 5 3 per cent yesterday. The one-month term rate rose 1/16 point, and the two- and three-month rates remained unchanged. Discount Prices At yesterday's close Prices offered by discount houses on
      123 words
    • Article, Illustration
      287 7 Asian market ASIAN dollar deposit rates yesterday closed firmer compared with Monday's levels in light trading. Overnight closed at 8% 8 >/4 per cent, up 9/16 from the previous close, week fixed at 7-15/16 7-13/16, up Vfc, three months at 7% 7V«, up 1/16, six months at eight 7%, up
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  • FEATURES
    • 491 8 THE GOVERNMENT'S decision to remove unnecessary restrictions on the resale of public housing units is definitely a move in the right direction. The revised rules, announced by the First Deputy Prime Minister and Defence Minister Goh Chok Tong on Monday night, stand to benefit immediately
      491 words
    • 980 8 Reuter THE COMPUTER INDUSTRY, for years a synonym for high-flying high-tech, is coming down to earth. US sales are stagnant and customers hesitant, Britain's bestknown micromakers are in trouble and the good times seem almost over for Japan's industry. Only in continental Europe,
      Reuter  -  980 words
    • 102 8 Letters to the Editor Dear Sir, I would like to record my •THANKS" to Peng Ailian and Business Times for the recent articles highlighting the plight pf remisiers with the Income Tax Department. In good years, we have cheerfully paid our dues but
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    • 91 8 Dear Sir This month another bank introduces US$ savings accounts but, once again, this is restricted to non-residents. Exchange control restrictions were removed in Singapore years ago. Deposit accounts in a wide range of currencies may be maintained by Singaporeans with the
      91 words
    • 678 8 NYT AS COMPUTER and communications technologies advance, America's biggest intelligence agency has become involved in keeping foreign powers, private corporations and criminals from electronically eavesdropping on the computer and communication networks of US government and private institutions. Because data bases and communication systems are crucial to
      NYT  -  678 words
  • Page 8 Advertisements
    • 170 8 LIVING with STRESS 4 >7 > I U If you suffer -v severe time rationing (24 hours a day is too short); an urgent need to keep up with your colleagues and schoolmates; irrational beliefs about friends and family; you are one of a growing race of STRESS VICTIMS. Then
      170 words
  • Page 8 Miscellaneous
    • 9 8 U-T'S TfeNi s€£. UJUfkT Tv 4- N£JU> TO ppfee
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    • 650 8 tckhkhdge sai&Qsm© CRYPTIC PUZZLE ACROSS 1 Nuclear reduction, that's obvious (5) 6 Opening out in the middle (5) 9 Had a middling meal (7) 10 Surgery is hard work for a film actor (5) I 1 Book or doiry product (5) 12 One thinking Brian's wrong (5) 13 The dream
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  • SPORTS
    • 429 9  -  Lack of training facilities cited as main factor By JEFFREY TSANG WANDERLUST burned in the 40 competitive water skiers last Saturday at the Seven-Up tournament but hopes were extinguished as the day wore on. Officials of the Singapore Water Ski Federation (SWSF) were on
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    • 450 9 WIMBLEDON '85 UPI TOP-SEEDED John McEnroe on Monday beat the legendary jinx of Wimbledon's No. 2 court dubbed the "Graveyard of Champions". The 26-year-old American, contending with the erratic grass of the dreaded outside court, posted a 6-4, 7-5, 6-4 third-round victory over bigserving qualifier Christo
      UPI  -  450 words
    • 285 9 Reuter INDIAN Vijay Amritraj, a star of the James Bond film Octopussy, was the man with the golden racket at Wimbledon on Monday. The part-time actor overcame llth-seeded Frenchman Yannick Noah 4-6 7-6 6-3 7-6 and was lined up to bid
      Reuter  -  285 words
    • 429 9 UPI IF THERE is one word to sum up Hana Mandlikova's career, it has to be "erratic". And on an outside court at Wimbledon on Monday, the Czechoslovak was at her erratic best, or worst. The No. 3 seed bowed out in straight sets to Australian
      UPI  -  429 words
    • 295 9 GRAHAM WALKER, who led Britain to its worst Admiral's Cup position of eighth two years ago, was given a chance to redeem himself on Monday, when he was named in a three-yacht team for the 1985 campaign, which starts on July 31.
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    • 142 9 UPI PETE ROSE singled off Rich Gossage in the top of the ninth inning last Sunday to score Nick Esasky from second base and give the Cincinnati Reds a 3-2 triumph over the San Diego Padres. Esasky led off the ninth with a single off starter
      UPI  -  142 words
  • Page 9 Miscellaneous
    • 1185 9 to (md mm A H APPLAUSE The Song Writers: An Evening with Alan Jey Lerner 9 pm, Channel 12 This is the start of an eight-part series on famous lyricists and composers who created tunes which are now immortal. Tonight, it features Alan Jay Lerner, the lyricist responsible for classics
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  • INTERNATIONAL STOCKS
    • 325 10 Reuter THE US SECURITIES and Exchange Commission has filed a law suit in the federal court in New York city charging Pepsico Ine with violations of the anti-fraud, reporting and recordkeeping requirements of the federal securities laws in its reports and financial statements
      Reuter  -  325 words
    • 171 10 Reuter A US APPEALS Court has dealt Exxon Corp a US$l.9 billion setback by upholding a judgement that it overcharged crude oil customers from 1975 to 1981. A US Temporary Emergency Court of Appeals rejected Exxon's claim that it had made every effort to comply
      Reuter  -  171 words
    • 368 10 Reuter WALL STREET pulled out of a daylong slide in the final hour on Monday and nosed to a record high as investors focused on the chances of the US economy improving in the second half of the year. Market averages
      Reuter  -  368 words
    • 143 10 Reuter INVESTORS snapped up the 49 per cent of shares floated by West Germany's most influential newspaper publisher, Axel Springer Verlag, in less than two days, a spokesman for the bank managing the flotation, Deutsche Bank AG, said on Monday. The subscription period opened on Friday and
      Reuter  -  143 words
    • 203 10 JULY 01 Unuc 515 -5 1650 unch A Alpha INtXJSTIIALS 920 MININGS 2825xd -95 190 15 *****x4200 AE And a 800 I200*d 125 500 10 Buttek 7100 -75 AMC. 2775 460 1160 -12 Cora Gold 1285 +5 C G Smith 2800 100 1175 -15 CNA 2806 1025 -10 420
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    • 678 10 JULY 01 US$ AJcon Alumn Akoo AJaghany Lud AJbed Cham Cp AM Storm AMMmn Am Brand* Inc Am Broadcast Am Can Co Am Cyanarmd Am Etoc Pwr Am Expra** Am Horn* Prod Am Motor* Cp Am Natural Got Am Tal Ta4 Amu Inc Amarodo Ha*» AMf Inc Amr
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    • 898 10 Amsterdam JW.Y 01 Ffc AflN 462.00 +4 Aagon Ahold 95 30 06 231.50 +15 Akio AMEV 111.70 +1.5 Amtat Amro Bonk Baikal Boh 8080 +16 3740 +05 96 00 unch ***** +8 Bogota Bur Tat Cdond 8850 +03 37 00 +0 2 463 00 -8 Dal Mij 124
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  • Page 10 Advertisements
    • 527 10 Th« Toronto market was cloaad on Monday. s k Wteri to wlm 9 entertain if Happy Hour at the Treetops Bar Barons Tavern I*s I p +f Where you can enjoy a 50% discount cm a n beverages benveen Spm and ~pm from Mondays u> Saturdays Offer is n<« valid
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    • 132 10 London stocks on pags 15 f Feng Cheng Lou Teochew V Restaurant for the best Teochew delicacies in town. Discover our famous dian-xin, > 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
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  • ASIAN STOCKS
    • 403 11 HONGKONG: Share prices closed higher yesterday on mainly local institutional buying centred on blue chips. The Hang Seng Index soared 20.73 points to 1,591.33 after being up 15.63 at the end of the morning session. Brokers expect the index to test the 1,600 mark soon in spite of the
      403 words
    • 244 11 JULY 02 < Al Sincere Indus A no Cement Cothoy Cons Chang Hwa Bank MT 1 78 23 30 23 50 47 90 unch -0 1 unch -05 unch -04 0 1 0 1 Lien Hwo Indus Nan Ya Ptos Pocitic Cons Pocific Elect Wire Poolung Paper 10 60
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    • 368 11 TOKYO: Prices eased gradually throughout the day in moderate trading yesterday as investors found the market directionless and confusing. The market average lost 5.28 to 12,913.75 after falling 4.02 on Monday, with a turnover of 370 million shares against 360 million on Monday. Buying remained selective and scattered but
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    • 99 11 MANILA: Share prices closed mixed in quiet trading yesterday. The Oils Index was up 0.018 at 0.773, the Commercial and Industrial Index fell 0.75 to 126.50 and the Mining Index was unchanged at 692.92. Lepanto B rose to 0.039 from 0.038. j JULY 02 1 Acoie M*img fna> 0001
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    • 347 11 SYDNEY: Shares closed steady on firm buying support yesterday in spite of a fall in international gold prices overnight. The All Ordinaries Index improved by 0.3 to 860.5 and the All Industrials Index added 2.2 to 1,238.9 while the All Resources In dex fell by 1.1 to 566.9. The
      347 words
    • 63 11 JULY 2 Book Seoul Won 691 >23 Hyurxk* Const Hyundoi Motor KAL 918 790 466 unch 41 -6 660 35 737 22 735 25 1320 -43 445 415 471 -9 Lucky Ltd 662 -8 641 -10 680 485 -5 760 -8 GoldStar 572 +2 1015 -61 Haml Bk 750
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    • 162 11 BANGKOK: Share prices closed lower yesterday in slow trading, the Securities Exchange of Thailand said. The Book Club Index dropped by 1.17 to 139.04 and declines led advances by a three-to-one margin. Turnover fell to 142,438 shares worth 21.1 million baht from 243,878 shares worth 43.3 million baht on
      162 words
    • 61 11 Reuter AN UNIDENTIFIED investor group has made a conditional offer to buy United Press International for more than US$l4 million. On Monday, UPI, which is operating under protection of US bankruptcy laws, said that its chairman, Mr Luis Nogales, declined to name the group's members
      Reuter  -  61 words
    • 454 11 UPI TWENTY-THREE foreign oil companies from 10 nations have joined a second round of bidding for exploration contracts in the South China and Yellow Seas. Eight of the bidding oil companies are US-based. Exxon and Shell subsidiaries formed a bidding consortium, as did subsidiaries
      UPI  -  454 words
    • 141 11 AFP HONDA MOTOR, Japan's leading car-motorcycle manufacturer, is to start producing motorcycles of more than 350 cc in Mexico next year. A Honda spokesman said details of its projected production, including production capacity and investment volume, were still being worked out. But it hoped to start
      AFP  -  141 words
    • 79 11 Reuter LOTUS DEVELOPMENT Corp has signed a long-term development partnership with Kanri Kogaki Kenkyosho of Tokyo to market Lotus products in Japan. The Japanese software company sells a word processing program in Japan. Lotus says the new partnership may fill "the gap for high-performance, analytical products"
      Reuter  -  79 words
    • 54 11 Reuter SCOTT PAPER CO's Scott Paper International Inc said it had sold its subsidiary, Scott Paper Philippines Inc, to First Pacific International Ltd's Holland Pacific NV. The company said its existing licensing agreement with Scott Paper Philippines would continue and that it would also continue
      Reuter  -  54 words
    • 44 11 Reuter FOREIGN INVESTMENT in new-ly-registered and existing Philippine companies rose to 360.2 million pesos in the first five months from 188 million pesos in the same period last year. This was disclosed by the Securities and Exchange Commission in a report. Reuter
      Reuter  -  44 words
  • Page 11 Advertisements
    • 556 11 d n; w4 "ft V" i T E> If Si T r r? warn r m m H ,F.f> i; i J .-r/" f'V; .1 For a Bsranakan Buffet Lunch so good,even Nonyas feel at home. For over a decade we've been known for Peranakan Buffet lunches with a home-cooked
      556 words
    • 86 11 Savoury Delights Await You At sLLL^M O o CAmUMIU HOTEL Hong Kong Dian Xin available during lunch! Far reservations call. 235 2698 or 734 6622 ext 141/144 Lnnch: 11am-3pm Dinner 6pm- 11pm ORCHARD ROAD M I fjimxMiii mm Ample Free Parking 19 CaimhiU Ciide and Valet Service Singapore 0922 Td
      86 words

  • COMPANY NEWS
    • 1097 12  -  By HOMER CHEN SIX MONTHS into the year, the Singapore stock market has not got any further than when the year's trading first started on Jan 2. And if the first few trading days of this month are any guide, it is going to get
      1,097 words
    • 568 14 Balance sheet healthier BANK BUMIPUTRA's annual report for 1984, issued yesterday, is a trim and plain package in contrast to the showy reports of previous years. Gone are the luxury trimmings such as embossed front and back covers, rich colour prints of wood carvings or
      568 words
    • 4 14 All-time high
      4 words
    • 255 14 Managers' prices for July 3 Singapore Unit Trust The Commerce 1.71 1 81 The Sovmgs Fund 1.31 1 39 S'pore Prog Fund 0 75 0 79 S'pore Sec Fund 111 1 18 S'pore Invest Fund 0 82 '0 87 S'pore Equity Fund 0 77 081 Asia Unit Trust
      255 words
    • 548 14 SHARE PRICES continued to slide across the board on the Kuala Lumpur stock market yesterday. Trading was quiet. Interest was seen in selected issues but many counters closed lower and losses were in the range of a few cents. After opening at
      548 words
    • 2346 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 A Choc <1 82 2 05) Akom (0 988'j
      2,346 words
    • 467 15  -  By RAMESH CHANDIRAMANI THERE HAS BEEN a significant change in the share ownership structure of two of the major shareholders of property company, Malayan Credit Ltd. The See Hoy Chan group of companies, which dominates the board of
      467 words
    • 200 15 HOLDERS of General Corporation Bhd's Msso million 10 per cent convertible unsecured loan stock have been reminded that they can exercise their conversion rights on any day during the month of July. Those who elect to do so will have to submit a
      200 words
    • 95 15 AFP HONGKONG LAND said its sale of a major hotel to Singapore's Kuo Oil, announced two weeks ago, had not been completed as expected and that negotiations were continuing. The territory's biggest property company announced on June 14 that it had signed a letter
      AFP  -  95 words
    • 601 15  -  By NAJEEB JARHOM TWO DIRECTORS of New Zealand's Lion Breweries Ltd, in which Fraser Neave and Malayan Breweries have a near 20 per cent stake, are bidding to increase their joint shareholding in the company to about 32 per cent from an
      601 words
    • 474 15 THE FOUNDING Lim family of Genting Bhd has further entrenched its position in the casi-no-eum resort operator after having mopped up a sizeable block of 9.8 million of the company's shares recently. The shares were bought by Kien Huat Realty Sdn Bhd, the
      474 words
    • 166 15 WANNIAN HOLDINGS BHD has announced that Mr Frank Leong Yee Yew has resigned as secretary of the company, and Miss Francisca Wong has been appointed in his stead. AT PERLIS PLANTATIONS BHD, Mr Kuok Khoon Ean has been appointed as alternate director to Mr Kuok Khoon Chen. MR
      166 words
    • 982 15 SHARE PRICES closed off earlier higher levels after GEC reported annual profits slightly below market expectations. At 2.30pm, the FTSE 100 Index was up 4.3 points at 1,251.1 having touched 1,256.9 in early trading. GEC, which announced a pre-tax profit of £725 million, ended 4p lower at 162
      982 words
    • 1068 15 Current Ex Books Dote Totol foe Totol tor payment date dose poyoble the year lost year A Enterprises 12%(n) May 31 Jun 13 Jul 3 22% 22% Acmo 5%(b) Jun 18 Jun 26 Jul 15 5% 7 5% Alex Hldgs 6%<b) Sep 6 Sep 13 Sep 28 6%
      1,068 words
    • 329 15 MBf HOLDINGS Bhd has acknowledged that the company cannot legally proceed with the general all-share takeover offer for Emtez Corp Bhd in the form proposed following the Supreme Court rejection of its appeal. It has now submitted its offer to the Capital Issues
      329 words
    • 310 15 ONE OF THE three persons nominated to the board of Kamunting Tin Dredging (M) BHD at the company's extraordinary general meeting this Friday has declined her nomination. At a press conference yesterday, Datin May Lee Leong said that she did not know what had
      310 words
  • Page 12 Advertisements
    • 1644 12 STATE BANK OF INDIA Central Office: Madame Cama Road, Bombay 400 021, India BALANCE SHEET OF THE STATE BANK OF INDIA AS AT 31ST DECEMBER 1984 CAPITAL AND LIABILITIES PROPERTY AND ASSETS Authorised Capital 20,00,000 shares of Rs. 100 eoch. Issued, subscribed and Paid-up Capital -{pursuant to Section 5(1) of
      1,644 words

  • SHARE INFORMATION
    • 4296 13 THE SLOW downward drift of share prices on the Singapore stock market yesterday morning developed into widespread selling in the afternoon. The BT Composite Index fell 7.07 points to 675.30 and the Straits Times Industrial Index lost 8.07 points to 767.20. Volume was again light
      4,296 words
    • 209 13 SINGAPORE Rise* Indie— M A A 1770 70 Mr 1 Wy 2 C Project-. 360 +10 IT CoMpowt* 682 37 675 30 San lot 207 6 IT ludicotw *****77 *****60 Grood Utd HMft 128 +4 BT 08/0S 167 232 j c MPH M0 +3 ST MMtnob S
      209 words
    • 3316 13 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contract* are quoted after the word "SETT"
      3,316 words
    • 150 13 GEORGE KENT (MALAYSIA) Berhad: Thirty-fourth AGM at No 2 Lorong 19/1A, Petaling Jaya, Selangor, Malaysia tomorrow at 11 am. KRAMAT TIN DREDGING Berhad: Fifty-sixth AGM at the Conference Room, Malaysia Mining Corporation Berhad, 39th Floor, Menara PNB, 201A, Jalan Tun Razak, Kuala Lumpur tomorrow at 10 am. JACKS
      150 words
  • Page 13 Advertisements

  • RAW MATERIALS
    • 211 14 SINGAPORE THE MARKET yesterday closed easier with July One RSS buyers quoted at 179.00 cents per kilo, down two cents from Monday. The morning session gained one cent on some covering of nearby position in quiet trading. Prices were little changed in early after trading but weakened later on
      211 words
    • 100 14 THE Koala Lumpur Tin Market (KLTM) price yesterday held steady at M53t.34 per kilo on continued Japanese and local buying interest, dealers said. An easier LME market and slightly higher turnover of ISS against 151 tonnes on Monday (ailed to dampen sentiment, while the buffer stock manager remained
      100 words
    • 163 14 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 2,550 Blue Phoenix 20's 2,650 Blue Phoenix 32's 3,100 Blue Phoenix 40's 3,450 Carded yarn, hank Blue Phoenix 21's 2,900 Combed yarn, cones Blue Phoenix 32's 4,200 Blue Phoenix 40's 4,400 Open-end yarn Blue
      163 words
    • 358 14 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 182 00 I8300N 180 00 181 OON Int 1 RSS July 85 182 00 182 50 179 00 180 00 Int 1 RSS Aug 85 176 75 177 25
      358 words
    • 107 14 (cents/kg, 1-ton pallets) JULY 85 (current month) NOOfJ AUG 85 (forword month) NOON RAS SSR 20 SSR 50 Buyers 155 00 153 00 Setters 157 OON 155 OON Buyers 156 00 154 00 Sellers 158 OON 156 OON MRELB SMR CV SMR L SMR 5 SMR GP
      107 words
    • 120 14 SOYBEAN futures on Monday broke further and closed 11 to nine US cents a bushel lower on the Chicago Board of Trade. All months set new contract lows and prices settled at or near session lows. Shearson Lehman Brothers was the featured seller of November, with buyers scattered and
      120 words
    • 151 14 Chinese Produce FOB NSW ***** Exchange Nutmeg 446 00 (Sellers' noon dosing prtces on 110 FOB NSW July 2 (SS/100 kg) E&W FOB NSW 281 00 Coconut oil 107 00 Gombier Bulk FOB FOB NSW 330 00 Old drum FOB 120 00 New drum FOB ***** Copro Mixed
      151 words
    • 292 14 Singapore Loonzain Rice (S$/kito, ei-godown) 100% 1st grade unq 100% 2nd grade 227 rrogront new crop 100% 3rd grade unq 1 H» 2nd U oz 0 62 Parboiled Rice 227 3rd 060 5% New Crop 10% 222 25% 10% no stock no stock Maize unq Thai Broken A-super Special
      292 words
    • 569 14 COFFEE ROBUSTA coffee futures on Monday ended an active afternoon £57 to £11 down from the previous close as both a weaker dollar and heavy tendering against spot July combined to depress the market to new lows. Second position September was £56 down from Friday's close at £1,909,
      569 words
    • 140 14 CONTINUED short selling and lack of demand yesterday saw the Malaysian crude palm oil market easing at midday in quiet trading, dealers said. July deliveries in the south fell M 522.50 to M 51,112.50 per tonne, north and central 20 and 17.50 respectively to 1,110 and in August,
      140 words
    • 83 14 WHEAT futures on Monday ranged from US cent a bushel higher to one cent lower at the close on the Chicago Board of Trade. December matched its previous contract low and March and May set new lows. Geldermann/Peavey and Cargill were the featured buyers. Corn futures dropped further and
      83 words
  • Page 14 Advertisements
    • 52 14 Expensive A masterpiece of elegance and precision. Ultra-slim. Two independent gas re* serves. Finished in chinese lacquer Hand-crafted in Switzerland by G? CARAN J ACHE G£ NEVE nurinct Car an d Acne bgniers are insured agamsi melt and loss only *ne:i purchased <n Singapore and Malaysia L iIBIR MANN Tel
      52 words

  • Page 15 Advertisements
    • 65 15 A INDIAN BANK through its Foreign Currency Banking Unit Colombo U5520,000,000 NEGOTIABLE FLOATING RATE CERTIFICATES OF DEPOSIT DUE JANUARY 1988 In accordance with the provisions of the Certificates, notice is hereby given that for the interest period from 3 July, 1985 to 3 January, 1986 the Certificates will carry an
      65 words
    • 32 15 A masterpiece of elegance and perfection. Dressed in genuine Chinese lacquer. CARAN J ACHE CENEVE Available at selected watch dealers and department stores See Aqpn* LiK B B R MANN Tp> 337-J3BBS<ngapOfe
      32 words

  • 485 16  -  About 200 employees lose their jobs By LUCY NG MORE THAN 200 workers lost their jobs on Monday when Galax Engineering, a builder of accommodation modules for the offshore and construction industries, was put under receivership by Standard Chartered Bank. One of the affected employees told
    485 words
  • 239 16 Reuter AN ESTIMATED 1.5 million Israeli workers started a 24-hour strike yesterday to protest against emergency austerity measures decreed by the government in its fight against rampant inflation. The powerful Histadrut Trade Unions Federation accused the government of acting like a dictatorship and called for
    Reuter  -  239 words
  • 199 16 FOREIGN MINISTER S Dhanabalan will lead the Singapore delegation to Monday's meeting of Asean foreign ministers in Kuala Lumpur. Accompanying him to the two-day meeting will be the Minister of State (Foreign Affairs), Mr Yeo Cheow Tong, and senior ministry officials. The foreign
    199 words
  • 101 16 AP SECURITY OFFICIALS at Jakarta's Cengkareng International Airport worked late into Monday night to investigate a report that a bomb had been placed on a Singapore Airlines plane, but the information turned out to be false, airport officials confirmed yesterday. The public relations
    AP  -  101 words
  • 349 16 IT WAS CONFIRMED yesterday that Singapore will be the venue for the historic signing of a trade agreement between China and Indonesia. Officials from both countries will be here on Friday for the ceremony, which will pave the way for direct trade, the
    349 words
  • 349 16 Reuter UPI A STATEMENT carrying the signature "Islamic Jihad" (Holy War), released in Beirut yesterday, said that the US would face "nightmare" attacks if it retaliated against the hijacking to Lebanon of a Trans World Airlines jet. Washington would also be held responsible
    Reuter; UPI  -  349 words
  • 246 16 Bernama Reuter JAPANESE Prime Minister Yasuhiro Nakasone has instructed his ministers to speed up a proposed three-year market-open-ing plan and present an outline by next week before he and Foreign Minister Shintaro Abe go to Western Europe and South-east Asia respectively. He said the
    Bernama; Reuter  -  246 words
  • 182 16 Reuter STATE-OWNED British National Oil Corp (BNOC) said yesterday that it has arranged with its suppliers to suspend the acquisition of virtually all the oil to which it was formerly entitled under its participation agreements. Until early this year, BNOC was obliged to buy 51
    Reuter  -  182 words
  • 61 16 Reuter THE NEW YORK stock market headed lower in early trading yesterday, unable to develop new upward momentum after five consecutive gains. The Dow Jones Industrial Average was off one point to 1336. Declines had a narrow lead over advances on turnover of 13.33 million shares. Exxon,
    Reuter  -  61 words
  • LATE FILE
    • 48 16 UPI PRESIDENT REAGAN and Soviet leader Mikhail Gorbachev will meet for the first time in a three-day get-ac-quainted session from Nov 19 to 21 in Geneva. US officials said yesterday that the date and place of the meeting was confirmed on Monday.
      UPI  -  48 words
    • 61 16 UPI A DELAY in baggage handling at Leonardo da Vinci Airport may have prevented a bomb explosion and crash aboard a Madrid-bound jetliner. Rome police said yesterday that a bomb that exploded in a suitcase at the airport on Monday night would have been put on
      UPI  -  61 words
    • 40 16 Reuter DOG MEAT can now be Imported into Taiwan to meet the growing demand of local gourmets, the Board of Foreign Trade said yesterday. Many Taiwanese believe eating dog meat can boost virility. Reuter
      Reuter  -  40 words
    • 40 16 UPI VIETNAM has expressed willingness to begin high-lev-el talks with the US aimed at settling the issue of American soldiers missing in action, Indonesian Forefgn Minister Mochtar Kusumaatmadja said in Jakarta yesterday. UPI
      UPI  -  40 words
    • 32 16 Reuter A BATCH of 100,000 Chinese military officers will be discharged this month, the first of one million personnel to be pruned from China's armed forces. Reuter
      Reuter  -  32 words
    • 47 16 Reuter CURFEWS In riot-hit Gujarat state were extended to new areas in a bid to curb fresh street battles. The Press Trust of India said rioting broke out for the third successive day on Monday in Baroda and the port of Surat. Reuter
      Reuter  -  47 words
  • Page 16 Advertisements
    • 293 16 FOR SALE IBM SYSTEM 34 CPU MODEL 5340 E35 MEMORY 128KB PRINTER MODEL 5211 002 FOR ENQUIRIES PLEASE CALL TELEPHONE NO. *****33 EXT 409. Do you have employee problems? Is there absenteeism, turnover, friction between employees, low morale in your workplace? An organisation's most important resource lies with its people.
      293 words
    • 161 16 US takos stops to cloao Boirut airport, Pago 4 at these p. cash using casi jsermces. .V > m--: A >WrjB* U,tJU ,t.-i < »<■ r Jfe? v V 1 r fc r 4 tj > 'X ÜBORDINATE COURTS m v V. POLICE DEPARTMENT QUEENSTOWN DRIVING TEST CENTRE > SUIT
      161 words
  • Page 16 Miscellaneous
    • 46 16 Outlook for today: Foir. Report for 24 hours prior to 7.30pm on July 2 at the airport: Maximum temperature 33.3 Associated humidity 51 Minimum temperature 25.4 Associated humidity 92 Hours of sunshine 9.60 Rainfall in millimetres nil Rainfall this month nil Rainy days this month nil
      46 words

  • SHIPPING TIMES
    • 296 17 THE FINANCIALLY-troubled government of Panama is planning to invite formal tenders from foreign terminal operators to open up a new container transit system along the Panama Canal. Mr Raul Brostella, direc-tor-general of Panama's National Port Authority, told Lloyd's List he
      296 words
    • 389 17  -  By JUNE LIM THE FAR Eastern Freight Conference is fighting back. In response to lower freight rates offered by independents, a conference sub-committee on rubber has proposed to revise its rates for the product. The sub-committee has proposed to the London rubber
      389 words
    • PORT SIDES
      • 43 17 CALCUTTA-Haldia port complex handled 38,897 TEUS in the year ended March 1985. This is an increase of nearly 20 per cent compared with the previous years. Containerised cargo handled also improved from 235,923 tonnes in 1983-84 to 324,992 tonnes in 1984-85.
        43 words
      • 65 17 Reuter OGDEN CORPORATION said its Avondale Shipyards Inc unit has been awarded a contract to build a fleet oiler, or tanker, for the US Navy with an option to build two additional vessels, bringing the total value of the contract to US$32l million. A company spokesman said
        Reuter  -  65 words
      • 98 17 AFP THE SOVIET icebreaker Vladivostok arrived in Wellington en route for Antartica to try to free a Russian research ship which has been trapped in heavy pack-ice since March. The 9,500-tonne Vladivostok will take on fuel and provisions over the next three days before sailing south
        AFP  -  98 words
      • 86 17 Reuter THE GREEK bulk carrier Sea Tiger was disabled off the South Australian coast by a fire in its engine room, a spokesman for its local agent, Patrick's Agency, said. The 22,631 dwt steel carrier, owned by Sikinos Shipping Corporation of Piraeus, will be towed
        Reuter  -  86 words
    • 887 18 Seatrade IN LAW AND insurance the word "vessel" becomes more widely defined and with the increase of "static" and "semi-static" vessels the traditional requirement of capability of navigation seems to be receding. Also gradually widening is the definition of "seaman" what the Americans call
      Seatrade  -  887 words
    • 97 18 Reuter SECOND-HAND tanks and oceangoing liners are up for sale on China's thriving black market and the racketeers are usually members of state-run organisations, the official China news service said. The service said black market trading was becoming a serious problem in China.
      Reuter  -  97 words
    • 258 18  -  By Kingsley Wood SOUTH AUSTRALIA'S eight-year fight for direct shipping to its major markets in Japan ends on July 21 when OCL's Ariake makes its first direct call to Port Adelaide. The Australia Northbound Conference (Anscon) will schedule one ship a month for
      258 words
    • 153 18 Reuter THE BATH Iron Works, one of the biggest naval shipyards in the US, was virtually shut down by a strike on Monday which saw more than 5,000 workers go off their jobs. The dispute over a new contract, which affects facilities in Bath,
      Reuter  -  153 words
    • 853 18 A Top Ent X 2 AB Shpg V 5 Afea Line VI 3 Ahrenkiel Liner X I AC Toepfer X 5 APC Line V 4 APL W 2/3 Antoh Orient X 3 Arrow Lines X 1 Atlas Lines X 2 Anro Service IV 3/4 ANL 1 1
      853 words
    • 847 18 THE US Gulf-Japan grain rate dropped to US$l3 (fio) on the London shipping freights market on Monday. Continental arranged a 52,000-ton mid-July cargo at $13 (fio) aboard the Port Quebec, and the North Atlantic bulker rate tone remained extremely weak. Other North American grain fixing was confined to
      847 words
    • 204 19 AMERICAN SHIPPING company Lykes Lines has moved its specialised Seabee services from the Port of London to the Port of Felixstowe, situated on the east coast of England. The decision was taken to improve customer services for containerised and breakbulk cargo. Felixstowe's modern facilities
      204 words
    • 362 19 Lloyd's List FOREIGN SHIPPING companies are allegedly indulging in unethical undercutting of Indian shipping companies. They are being accused of charging lower freight rates than agreed by various international conferences and lifting more Indian cargo than Indian companies, according to an official assessment made by
      Lloyd's List  -  362 words
    • 75 19 Reuter OIL TANKERS and combination carriers sold for scrap in June declined to 1.38 million long dwt from 2.78 million in May but the number of vessels involved rose to 21 from 18, London shipbroker Howard Houlder said. However, total sales in the first six months of
      Reuter  -  75 words
    • 694 19 DISMAL conditions prevailed on the freight market over the past week, with shipowners finding no solace in either the current volume of activity or in the general outlook. The Atlantic grain loading area was particularly depressed and traders, fearing that the market would soon plumb the depths reached
      694 words
    • 193 19 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.
      193 words
    • 122 19 Reuter THE AUSTRALIAN aircraft carrier Melbourne, reputed to be a jinx ship after it was involved in two fatal collisions, has arrived at breaker's yards in the south Chinese city of Zhong Shan, the Guangzhou daily said. The shipyard expects to salvage 11,000 tonnes of steel
      Reuter  -  122 words
    • 2948 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.
      2,948 words
    • 682 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Ship Arrival for LCL movement Voy date/time Operator cargo schedule Location Uni Humanity 005RB 047.85 0700 Green Asia Fl 1300-1430/1800-1900 S3 Liaohe 15E 047.85 0700 Yick Fung F1 0800-1000/1800-1900 B7 Bolan 54-OW 04 7.85 0700 Eastern
      682 words
    • 1688 25 The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises Pte Ltd Same (S) AB Shipping Boustead Shpg Agencies Afeo Lme Afncon Shpg Agencies (S) Ahrenkiel Lmer Kim Shpg (S) Alfred C Toepfer Oceonus Shipping Agencies (S) MufTiport Sdn Bhd (PK)
      1,688 words
    • 423 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 03.7.85/1500 Benjamas K17 Leo Shpg alongside Builder III K22 Thong Soon alongside 03.7 85/0200 Changshu K33 Y Fung alongside 03.7.85/0600 Kaapgracht K20 Or Lloyd alongside 03.7.85/0700 Koto Agung K32 PIL alongside 03.7 85/1500 Auby K25W SSPL 03.7
      423 words
  • Page 17 Advertisements
    • 491 17 Monthly from Pitman *jj Ifi Times 111 lIU' Distributors A TUNG GROUP OF THE C.Y. MEMBER o*|entoveiseas CttUauie* Line Agents: wm JMOME 9VTM6 MOOES (Rtf. 242K4/NK) mi 70 Shenton Way #04-03 Rbrina Hon* Sffppre 0207 LSiM TM *****11 Ida NO RS ***** ISS9 cfs or ret tpc #***** th *****31'
      491 words
    • 200 17 mm THE DEFINITION of Jones Act seamen was reviewed again, this time by a Louisiana District Court. Page II FOREIGN SHIPPING companies are allegedly indulging in unethical undercutting of Indian shipping companies. Page 111 Index to odvertisers London freight Weekly freights Consortio Weather mop VIII Container schedules IX Ships in
      200 words
    • 900 17 A hard look at what it will take to succeed in business for the next 20 years With turbulent times ahead. forewarned will be forearmed $22.00. f HE BOOKSHOP MAERSK LINE Feeder ICelang #nan<3 Vessel S pore EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASIA *Sagapore Ctotni laws CY
      900 words

  • Page 18 Advertisements
    • 430 18 YAM A ***** A-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South WMt Feeder at Tokyo Pacific North Weat Feeder at Kobe MS ACE FAMLT ACE Atlantic/Canada Feeder at Kobe Mhr VS. N TQM SM SJOM n ran n 17/8 is/8 21/1 KBO a n/l 23/8 27/1 TASMMA a 2/9 31/1 4/1
      430 words
    • 397 18 11 Supercarrier Service 'ill 3 NEXT ARRIVALS IMKI PERSfUS 7/7. BAMEft HECTOR »/7. HWI PRIAM «/l TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA I.l' "T 11 1 Mm auMN cmtn Im Hawta (HA). 1 Francmca (MM. tlrtlM M Sm D*|« TO: CARIBBEAN CENTRAL AMERICA 11/4 IVI 14/4 24/8
      397 words

  • Page 19 Advertisements
    • 950 19 The Straits Steamship Group w Mansfield Container Shipping Pte Ltd Overseas Containers Limited I COHTAIfCRSHIP SERVICE TO UK CONTINENT Bra* I'djm 29/7 »/7 03/7 #4/7 11/1 12/1 19/S 20/1 29/* 30/1 05/9 06/9 12/1 13/5 19/9 20/9 27/9 29/9 9/10 S/10 Also Accepting Cargo For: Hsrtwt to Aartus bothenburt Ratiefdam
      950 words
    • 701 19 Franco Belgian Services /*f Xfli. P* r+< k ±4 rtVI (MEMBER Of ACE CONSORTIUM! FULL COWTWO SEHMCE TO EUROPE STORE t KiIWKLc Har»e Ma* Hot rtto.w M OHMHI CHEF ki Nrt (II M) 22 M 23 M 25 M 27 M 2* M 3# M SEVEN SEAS BMW k o*i
      701 words

  • Page 20 Advertisements
    • 438 20 Hapag-Lloyd TO CONTINENT/UK EXPORTS On carriace to Scandnavia, Med, Cambean IS. America Hand haubfe to inland destinations in Europe Connecting in Kobe Connecting in Kaostuung t Connecting m Tokyo Also accepting cargo tor ATLANTIC 1 GULF PORTS »ia mioclaryttyidge and US MC WtST by microbridge FROM N. CONTINENT &UK IMPORTS
      438 words
    • 227 20 K.S.line KO»t 4 J#» %c FULLY CONTAINERISED SERVICE r. 10 EURO« VIA SUEZ T A ot ttw Ace Camartun 7 J A Memofr ofthfAceConsortium^^^^^^^^l FULLY CONTAINERISED TO/FROM NORIH AMERICA WEST IUAM CONVENTIONAL SERVICE To/From BUSAN CONVENTIONAL SERVICE TO IRAN/PERSIAN GULF AZALEA 11/7 DUBAI MMMNL KUWAIT CRYSTAL HELD 20/7 DUBAI. DAMMM.
      227 words
    • 640 20 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX R*****1 R*****2 t t I i:\STI.KN I I.l\Kit. I.TI). Specialist in RO/RO Service Accepting heavy-lifts upto 80 K/Tons Sailings from Japan VtSMI sni ruu «i SEW MESH V 26 ASIAN STW ftl Spore PK4an( Kudwf 4My 5 kty iMy
      640 words
    • 351 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 feeder vsi sgp Mono *a EVER GATHER #5/7 EVER lOAOMG no cun 17/7 rat lmne UN FORWARD M/ 7 Ettl I KMC not a oat 1/1 no umei no ofted i/i
      351 words
    • 318 20 MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC SPORE nub* LM*«far: OCEANA COUMER In Port P. Moresby, Lae. Raba* Kieta. Honiara. Noumea. Loutoka, Suva. Papeette. Pafo, Apia OCEANA QUEEN 25/7 M/ 7 Lao, Raba* P. Ihrtaby, Kieta, Honiara Acciptnc
      318 words

  • Page 21 Advertisements
    • 711 21 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 VESSEL KOTA WIRAMA KOTA TIMUR KOTA RAJA KOTA RAKYAT KOTA WANGI VOYAGE E-569 E-573 E-575 E-577 CP/30/85 HONGKONG SINGAPORE LOADING FOR: 26-27/6 3-7/7 MOMBASA. OAR-ES-SALAAM 26-30/6 6-10/7 ADEN. PORT SUDAN. HOOEIOAH, JEDDAH. AOABA 14-15/7 19-22/7 MUKALLA. ADEN.
      711 words
    • 700 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAM B HAWN RDAM I tiamkuri Eipen Sated Saied Saied Oiaka Bit SadedSaded SiM Liter pod Bj| Saied Saied Saied Honjkonf EipreuSaird 4/7 5/7 Kowtoon Bey 10/7 12/7 13/7 I Benatdar 17/7 15/7 70/7 J Kiuifi Maru 24/7
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    • 646 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF MAIAPAHT *?1 Ml CON« VI W BUSAN rOKOHMM (/< 9 t n/t n't S PORE TO IAKARTA/SURABAVA CONTAINER SCR spore t nw* su)*B» MX MP Mil <21 HB 4/7 5/7 t/1 COM* *21 HB t/7 »/7 12/7 EXPRESS SEM-CONTAHER SERVICE TO EUROPE WEST BOUND PKEIANG
      646 words
    • 663 21 BOUSTEAD SHIPPING AGENCIES m BURMA mi STAR (Burmese National Line) Loadhf for Rangoon S'pore Pa an VBs* 13/15 Jul Phashwejyawywa V256W 16/ It M Paean VS9N Z2/24 U 1/10 M \> BANK LINE iHi.jf.i; r/K».11 SPORE R'DAM HULL HMBG TOANA PAPUA 5 Jul 30 Jul 8 Aug 3 Aug MEADOW
      663 words

  • Page 22 Advertisements
    • 1416 22 K LINE KAWASAKI KISEN KAISHA. LTD. USA CANADA PACIFIC COAST (Including DESTINATIONS INLAND vi* IPI MKKOBKIIM.K MINILAND BRIIKiK) FEEDER/ MOTHER VESSEL SPORE PKLG PENANG STORE T/S PORT LA/LB SEATTLE OAKLAND VAN BC PORTLAND SEVEN SEAS BRDGE VSOE NEPTUNE EMERALD VII lOHORE BRIDGE V4S PLANT* Vl4 HYUGA MARU VIS MONTE RUBY
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    • 527 22 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE 1,1 ad.-* l. i IOSAHMUS .AN tKANtI .HJ StAIllI IAi.UMA VANIOUVIR BC At i «Dtirv ICI fCI C <rl*w. P Kelang Singapore I Angeles BHAVABHUTI" J/10 My 5 Aug AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCI 'fCt Containers JAPAN SERVICE Loadng tar Kobe Yokohama
      527 words
    • 492 22 SANKOASIA FROM JAPANESE POUTS AND HONGKONG GOLDEN LINE 'OtV GUM GUAM SWUNG (PTE) LTD Kajnf lunf Prowncial Bart BiMag SO Ceci Slfttl SMGAPORE 01*4 TU *****)0 (10 IKS) Id Kuala lianpu ***** P Kednf 3179(1 Penanf 34MM Pa» Gudanf Agent (WENT LLOYD (M) SON BK> TEI (4370 I I STRAITS/PERSIAN
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    • 498 22 INTRASEA (PTE) LTD 10 Anson Road »27 16 International Plaza Singapore 0207 Tel *****11 (10 Lines) ffOAASIA'JLIVX o BREAKBULK SERVICE TO EUROPE/UK S pore P Kd»i(LMdta| for ATREUS BBSS9OS FORT VICTORIA *****10 ROTT/AKT/UJI (AVON) ROTT/ANT/UA. (AVON) A|(nts SkMM HTMSU (PTE) lID BOOMK 22*511 I limpw BKIWG SHPffIC CO m H
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  • Page 23 Advertisements
    • 893 23 ILNOL NEPTUNE ORIENT LINES LTD I TO EUROPE/UK (VIA SUEZ): 0 CHEF 44* K JACEJM 23* N CRYSTAL 30N. MAETERLINCK 7W. SS BRDGE 51* C PAUL 45* Also accepting cargo to/from Scandinavia K JACEJIN S pore Closing Times: FCL Cargo 2359 9/7 6 LCL Cargo 1200 9/7 FROM EUROPE (VIA
      893 words
    • 560 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO. P KELANG. PENANG, BUSAN, INCHON SPIWI »QNIS NEPTUNE AGFP«C» S Pit lID IH ?***** 7 *****J4 (Bookies i ???7blo 7?1?0?? (Operationsl ????<«7 *****84 (Terminal! 7?0?4 >0 *****04 <CFS) M*l «tSI* 4GINIS TUNAS SEIIA SDN BHD *1 Tel *****0 *****4 PK Tel
      560 words
    • 902 23 W SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Sinfapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG PtMNG M/S SHARK AT NAH SOON SON »C IST AND 2NO FLOOR. ***** NO 1 IALAN
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  • Page 24 Advertisements
    • 735 24 r Utejiiunal Container IJim-s 4 Sailings weekly GB! Fast Reliable Regular Punctual Berthing P.S.A. Mon, Tue, Thur, Sat REGULAR/FEEDER SERVICE TO PHUKET/SONGKLA MTU KOMSORTUM 176N/350 4 M MTU KOMSORTUM 177N/352 11 U MTU KOMSORTUM 17IN/354 KM MTU KONSORTUM 179N/356 25 M HINODE KISEN CO. LTD l LTKA HKAW I.IKT C'AKKIKK
      735 words
  • Page 24 Miscellaneous
    • 140 24 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wave height R Thunderstorm C w.nd direct,on w.th speed ,n knots Shower Rom Wove height Cloudy Sky Surface winds ore indicated by orrows which fly with the wind One full circle represents calm or light ond varioble winds 1 One
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  • Page 25 Advertisements
    • 176 25 COLUMBUS LINE CONTAMER/CONVENTIONAL PNG PACIFIC LINE S'pore P. Kelong LOADING FOR TBN 19/7 21/7 P.Moresby, Loe, Oroboy, Kovieng Kieto, Kimbe, Alotou Also colls direct to Biollo and other PNG ports subject to inducement. Heavy lift vessel ovailoble. For Freight Bookings ANDEKA SHIPPING PTE LTD TEL: *****45, *****50 TELEX: RS *****
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    • 213 25 LOADMG FOR MAORAS. HZAK CALCUnA. CHTC MADRAS. COLOMBO. BBY ETA 15/7 15/7 7/7 KSSEL CHOLAN A VESSEL GANGOTW us i'i w. '3. xiuis■ 11 #22-09 STORE 0207 tsxss, I 3 t»/ VESSEL Hi flh LTD CALLMC PttUNMN 5/fc bM faM Mmta MMtM KTI 12/e 14/7 17/7 CTC MM I i/R
      213 words
    • 168 25 OCEAN BRIDGE SHIPPING PTY LTD, R> FREMANTLE REGULAR SMLMG TO FREMANTLE COAST ETA 10/7 ETD 12/7 UN (CLE* COAST ow Imkov Shipping Co Pte Ltd. 1(1 C4d #2M»/W l«n» fin M| (10 Snmwrt (1M Itt 22X272 Cheng Lie Navigatioii Co., Ltd. CONTMO soma TO imgkok/hokmnc/tmm STOK HI WC m MO
      168 words
    • 49 25 pil FINE-LINER SHIPPING PTE LTD vvPNfivm Riowra rvi, pori vm i# TLX M 22*41 FUNEK TIL: 274M52/U/I2 WEEKLY SERVICE SINGAPORE TO KUCHING SIBU VESSEL LIN PETALING II LIN PETALING ETA ETD 5785 6785 ***** ***** 4785 5.785 ***** 15.785 DESTINATION KUCHING KUCHING SIBU SIBU r LICORNE :>.v if '/rrr-
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    • 9 25 LIZENA PTE LTD T«t *****67, 73M0M T«tox: RS2AI4I ♦V""
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  • Page 26 Advertisements
    • 230 26 Arrow LinesvCOLOMBO/S. AFRICA DIRECT MONTHLY SAILINGS STORE COLOMBO S.AFRICA MS Arrow Kite 7A 23/7 28/7 11/8 MS Arrow Prince 4A 23/8 28/8 10/9 Accepting Break Buk. Reefer Containers For enquiries/bookings, please contact -V-rt BAKKE SIME DARBY SHIPPING PTE LTD 1 Magd/ine Road -05 09 Central Building S pore 0105 Tel
      230 words
    • 115 26 CSt FREIGHT MANAGEMENT PTE LTD |V 1 10 Ansoi load #22 1* Mcnutnui Plaia Sp«r« 0207 m TH: 22*2211 (12 lues) THti K ***** FUTMAN M'SU HI 73*107,73*10* Til: MA ***** EASTMT 4 ATLAS LINES REGULAR NX PENDENT SERVICE TO AND FROM CWTTAGONG AND CHALNA Al SANA (BANGLADESH FLAG) AL
      115 words
    • 611 26 C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FUUT CONTAINERISED SERVICE 10 EUROPE (VM SUEZ) OMENTAL CHKf 441N ROMAN lACENN Ml NEPTUNE CRYSTAL JON MAETERLINCK 7N LeMa«»e Rdam fstow* Hburj Brem Anl«efp 22/7 23/7 2V7 27/7 717 */7 B 7 36 7 1/1 1/1 4/1
      611 words
    • 706 26 "PERUVIAN STATE LINE" p j ljd-v tor MdtoiMk Hi and all OtVf Pwuman poM<, with tianyupmrnt it Kobe Ml tn i.njta* m RRJRRAYEVERETT THOMASnOCTT HUGHEVERETT Peiunf* P. KeUnt 16/11 M 29/31 M 13/15 Au( Saif apart 19/20 Jul 1/2 Auc 16/17 Auj MURRATEVERETT THOMASEWRETT HUGHEVERETT "EVERETT ORIENT LINE 1 JAPAN/BAY
      706 words
    • 387 26 ZIM NON CONFERENCE HOE PENDENT FULL CONTUO SERVICE accepted Fa/La carjoes to USA East i Nest Coast. Cambbeanlast Cauda and HAITI 31«*, 13tn iuis iitfi 131n 231K Klli Ml* 3»1» 23 IB 118 MB (IB 23 in lie Itß MB HB ZIM EILAT CONTAINER LINE 'ST Z ST S? ST
      387 words