The Business Times, 15 July 1985
1985-07-15
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The Business Times
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Title Section12 1985-07-15 1 BUSINESS TIMES M.C. (P) No. 99/1/85 MONDAY, JULY 15, 1985 60 CENTS12 words
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Article570 1985-07-15 1 Ten cities closed to foreign investment Agencies IN A SHARP REVERSAL of its "open door" economic strategy, China is closing 10 of its 14 coastal cities to foreign investment and is introducing a new levy on goods entering its four special economic zones. Diplomatic sourcesAgencies - 570 words
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Article, Illustration394 1985-07-15 1 LISA LEE - By LISA LEE THE HOUSING and Development Board will freeze the selling prices of its flats in the current financial year. This is the first time since 1979 that prices will not be raised. About 40,000 households which are expected to get394 words
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Article91 1985-07-15 1 AFP HONGKONG'S invisible trade account surplus has grown rapidly in the past five years, offsetting on average 75 per cent of its visible trade deficit. Acting Governor Sir David Akers-Jones has said an invisible trade surplus of HK$l5 billion (US$l.92 billion) last year gave anAFP - 91 words
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Article252 1985-07-15 1 SINGAPORE'S merchant fleet suffered a further 3.9 per cent fall in total tonnage last year, reflecting the depression in the world shipping industry. This pushed down its ranking among the world's main merchant fleet to 15th position. According to the Marine Department's latest annual report, Singapore252 words
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426 1985-07-15 1 ALVIN TAY - By ALVIN TAY THREE OF THE Big Four local banks have announced a one-quarter percentage point cut in their prime lending rates, with the Oversea-Chinese Banking Corporation going to a 6 year low of 7.5 per cent. The cuts426 words
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Article157 1985-07-15 1 AFTER MONTHS OF deliberations, Hongkong's anti-corrup-tion commission has decided to act on the complaint by Bank Bumiputra about its former offi-cers-in-charge of Bumiputra Malaysia Fiaaape (BMF). Sources said yesterday that 20 investigators from the high-powered Independent Commission Against Corruption (ICAC), had been assigned to157 words
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Page 1 Advertisements
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Advertisement75 1985-07-15 1 Call Wayfoong at 737-7977 for a fast decision on your loan Waytoong Mortgage and Finance (S) Ltd A wnotty owned subsidiary ol Hongkong Bar* 6 Claymore H»M «03-00 Claymore S<ngapfcre 0922 A.p. No 0045| Shenton Way Brandt One Shernon Way #01 -<J2 Robina House Singapore 0106 Tel 225-5225 Ochard Road75 words
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Advertisement251 1985-07-15 1 was mm MONEY A EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV A RADIO DOONESBURY THE FAR-REACHING tentocles of Schlumberger Systems's operations in Singapore ore forcing some staff members to fine-tune their command of Mandarin. This is because the workings of very large-scale integrated chips and electronic workstations have to be251 words
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Advertisement131 1985-07-15 1 Bella Lewitsky once said that "art is made because it is the language of the individual making it". Her message is either a pure revelling in sound and movement, or is too steeped in symbolism for one to grasp. The brilliance of Lewitsky's works is matched by the powerful interpretation131 words
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Advertisement161 1985-07-15 1 Savings Accounts Current Accounts Term Deposits Personal Loans (OUR SEAS COMMUNICATIONS BAN" LTD rrw OCBC G'oup Head Office Business Times free clipping service for readers Free copies of these exclusive stories in last week's Business Times are now available. 1. Registrar warns companies 2. Hewlett Packard offers unpaid leave 3.161 words
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MANAGEMENT
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Article, Illustration1292 1985-07-15 2 BRIAN GOMEZ - The Schlumberger Systems subsidiary trains students from as far away as China By BRIAN GOMEZ Industrial Correspondent THE FAR-REACHING tentacles of the Singapore operations of Schlumberger Systems are forcing some staff to fine tune their command of Mandarin. The workings of1,292 words
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636 1985-07-15 2 KENNETH NOBLE - By I KENNETH NOBLE NYT FACED WITH tougher business attitudes, high unemployment and new technology, American workers have become increasingly wary of resorting to the strike. Union officials and labour experts in Washington say there have been only 18 major strikes so farNYT - 636 words
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FRONTIERS
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Article193 1985-07-15 2 LEE HAN SHIH - Compiled by LEE HAN SHIH THE UNITED STATES Army has awarded a US$5O,OOO-con-tract to Bend Research in Oregon to extract potable water from the emission of tanks and diesel-powered electric generators. Water is one of the major by-products of fuel combustion and it is discharged as193 words
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Article56 1985-07-15 2 New Scientist CHINA and the Vatican recently renewed a 400-year-old scientific collaboration with the signing of an agreement between the University of Hofei, the Vatican Observatory and six other astronomical laboratories. Astronomers from Italy, China and the United States have agreed to form an International Consortium for RelativisticNew Scientist - 56 words
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Article, Illustration135 1985-07-15 2 ENGINEERS at Lockheed are designing a 25KW power module for an industrial space facility scheduled to be placed on orbit by 1989. The facility is being developed by Space Industries in Texas, for zerogravity materials processing and other research and development projects. The power module will have135 words
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Article, Illustration1582 1985-07-15 3 RENE DOMINGC - Japan's kaban system keeps managers and workers on their toes By RENE DOMINGC IN SPITE OF Japan's unquestionable economic strength, the Japanese people seem to throb with vitality as if they were still reconstructing a country just devastated by war, as if there were1,582 words
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598 1985-07-15 3 ARTHUR SPIELGELMAN - By ARTHUR SPIELGELMAN Reuter THE COCA-COLA Corporation's launch of a new-for-mula "Coke", which critics regarded as a marketing blunder, could turn out to earn millions of new dollars for one of the world's most profitable enterprises. This is the view of some experts analysing CocaCola'sReuter - 598 words
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Page 2 Advertisements
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Advertisement497 1985-07-15 2 From Butterworths Asia CURRENT ISSUES OF INTERNATIONAL FINANCIAL LAW Chief Editor David G Pierce. AB(Dart), JD(Harv), LLM(Lond); Co-Editors: Helena H M Chan, LLB<Hons)(Sing), LLM(Harv); Frederick E Lacroix, BA(Cantab), MA(Harv), MSc(Lond); and Philip N Pillai, LLB(Hons)(Sing), LLM, SJD(Harv). Associate Professor of Law July 1985 Approx 507 pages Hard cover Ssl3s/Mslso The497 words
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Advertisement0 1985-07-15 2 (;?`)(<}]=<@;<=\?]$$/}{__&'+]_|0 words
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Page 3 Advertisements
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Advertisement512 1985-07-15 3 "In one day, we'll show you how to manage your company's information needs for years to come." James Martin Author, Lecturer and Chairman, James Martin Associates A one-day consultation with James Martin Associates can offset years of information programs. It can help your people develop the information they need. So512 words
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Advertisement168 1985-07-15 3 Q) 8 A/ i m i v ""2 £2%, !r <^tj i£ra£ J-r l> <f^'^^^^s'- V^<«! Sfelß®Sl H ««aiMPi SSlflii l» %mmrv9Wi Zmb; Wt^Jim^} w "A'vujfaitpW mm Fresh from the ocean to the dining tables of the Harbour Grill, The Big Catch is a veritable feast of the most delicious168 words
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OVERSEAS
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Article, Illustration442 1985-07-15 4 UPI JAPANESE Prime Minister Yasuhiro Nakasone, calling protectionist tariffs a threat to world prosperity, has said that Japan would lower customs duties in a bid to correct trade imbalances with the US and Europe. In a speech at the University of Paris, MrUPI - 442 words
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278 1985-07-15 4 UPI JAPANESE TRADE officials attending an international trade meeting in Ontario have expressed concern at the prospect that Canada and the US may strike a free trade agreement. Japanese Trade Minister Keijiro Miirata said at a news conference on Saturday that he would have "veryUPI - 278 words
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Article246 1985-07-15 4 Reuter WORKERS WHO FAIL to keep up with the pace of Kremlin chief Mikhail Gorbachev's drive to speed up the Soviet economy have received an unusually tough warning that they could face pay cuts or lose their jobs. In a sharply-worded editorial, the Communist PartyReuter - 246 words
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378 1985-07-15 4 AFP AFRICAN MINISTERS meeting in Addis Ababa have put the finishing touches to plans for a special emergency fund to fight drought and famine after debating over the precise attitude to take toward the continent's foreign debt burden. Eight monthsAFP - 378 words
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304 1985-07-15 4 AFP THE EUROPEAN Parliament has urged members of the European Economic Community to "increase Europe's economic presence in the Pacific region so as to counter current domination by Japan and the US". To this end, the Parliament, at the end of itsAFP - 304 words
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402 1985-07-15 4 AP PRESIDENT REAGAN signed a law oil Friday that gives him new power to ban imports from companies when the companies are found to violate US security by selling sensitive goods to the Soviet Union or others. The new Export Administration Act enables theAP - 402 words
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197 1985-07-15 4 Reuter JUST AS HE DID four years ago after he was shot in the lung, President Reagan provided a steady stream of one-line quips throughout his latest surgical ordeal an intestinal operation to remove a large growth. "After what you did to meReuter - 197 words
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WORLD IN BRIEF
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Article79 1985-07-15 4 THE FRENCH ECONOMY should grow slowly over the next five years, closely matching growth in the rest of the industrial world. But the country's statistics institute, Insee, warned yesterday that unemployment was still likely to rise, three million, or 12.1 per cent of the workforce, by 1990.79 words
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Article66 1985-07-15 4 WEST GERMAN Finance Minister Gerhard Stoltenberg said that the government should make further tax cuts of between 35 billion and 40 billion deutschemarks in the 1990s if it were to be returned to office in the 1987 elections. The new cuts should be made in66 words
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Article72 1985-07-15 4 A STRIKE by black gold mine and colliery workers in South Africa hung in the balance yesterday as the National Union of Mineworkers (NUM) waited for the result of a ballot on whether to stop work over pay. The NUM wants a 22 per cent72 words
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Article70 1985-07-15 4 SYRIA MAY exert pressure to obtain the release of the 11 American and French nationals kidnapped in Lebanon and held hostage by Muslim extremists, if the US lifts its boycott of Lebanon's Middle East Airlines. London's Sunday Times yesterday quoted Syrian sources as saying that the70 words
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Article81 1985-07-15 4 Agencies THE LITTLE PEOPLE of America says it expects up to 600 delegates from around the world to attend the organisation's annual convention in the Mexican resort city of Puerto Vallarta this month. The 27th annual conference, set for July 21-27, will deal with theAgencies - 81 words
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Article317 1985-07-15 4 AP THE EXECUTIVE who slaps every back and enlivens every party won't be laughing at one of life's little jokes: that the dull person at the next desk may be coming right over him on the way up. "We found something suspicious about some ofAP - 317 words
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381 1985-07-15 5 AFP THE PHILIPPINE Defence Minister has threatened to seek the abrogation of a 1983 military bases treaty with Washington if the US Congress reduced security and economic aid to Manila for fiscal 1966. The official Philippine News Agency (PNA) said ministerAFP - 381 words
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Article126 1985-07-15 5 Reuter THE UNITED STATES expressed concern on Saturday about communist rebels in the Philippines but said the government of President Ferdinand Marcos could cope with the threat. US Assistant Secretary of State for Far East and Pacific Affairs Paul Wolfowitz said attacks by the New People'sReuter - 126 words
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271 1985-07-15 5 AFP THE OPPOSITION has stepped up efforts to unseat President Ferdinand Marcos over a scandal sparked off by an expose on alleged US properties of Mr Marcos, his wife Imelda and other prominent Filipinos. A new opposition group spawned by the scandal over the recentAFP - 271 words
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Article763 1985-07-15 5 ARRIVALS Operator Service Local From number time PAA PA21 0020 LAX/TYO/ HKG SIA SQ41 0605 MAA MAS MH601 0720 KUL SIA SQ43 0750 DHA SIA SQ45 0815 MRU AAAS MH681 0820 KUL MAS MH603 0905 KUL MAS MH67I 0935 KUL MAS MH811 0940 PEN SV SV378 0940763 words
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Article199 1985-07-15 5 AFP THE SOUTH KOREAN government has announced new measures designed to invigorate the nation's stagnant economy and to spur the sluggish export trade in particular. Deputy Premier Shin ByongHyun, who is in charge of economic planning, told a press conference that as from today, everyAFP - 199 words
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Article73 1985-07-15 5 Reuter SOUTH KOREA'S ruling Democratic Justice Party (DJP) will boycott a special parliamentary session called by the opposition for today to discuss restoring full political rights to dissident Kim Dae-Jung, according to party officials. The major opposition New Korea Democratic Party (NKDP), backed by MrReuter - 73 words
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Article, Illustration191 1985-07-15 5 Reuter INDIA'S foremost nuclear scientists will help analyse the contents of two "black box" flight and voice recorders which could reveal why an Air India jumbo jet broke up in mid-air and crashed last month. P K Iyengar, director of the Bhabha AtomicReuter - 191 words
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180 1985-07-15 5 AP INDONESIAN workers in West Asia sent home about U559.76 million during the first three months of this year, the Labour Ministry reported. Head of the overseas employment section at the ministry, Mr Djianto, described the amount as quite substantial. There are around 80,000 IndonesiansAP - 180 words
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475 1985-07-15 5 Reuter AFP PRINCE NORODOM Sihanouk, leader of the anti-Vietnamese Cambodian coalition, has said that the Asean proposal of "proximity talks" between the coalition and Hanoi is not realistic. But the prince told foreign journalists in Beijing that it was essential to continue searching for someReuter; AFP - 475 words
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273 1985-07-15 5 CHINA'S ambassador to the US, Han Xu, has warned that the trade-protectionist Jenkins Bill now before Congess would drastically reduce Chinese exports and severely jeopardise Sino-US trade. The US Textile and Apparel Trade Enforcement Act would protect American manufacturers by sharply curtailing imports,273 words
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Page 4 Advertisements
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Advertisement131 1985-07-15 4 9 We're talking about DJ extraordinaire, the one and the only Freddy Dodwell. Fresh in from recent stints in London and Oslo, he'll make sure you have a groovin' good time at the Black Velvet and Gold. But that's not a 11... Come during the first hour any night between131 words
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Advertisement190 1985-07-15 4 A vital WORLD BANK publication WORLD DEVELOPMENT REPORT 1985 This new edition focuses on the contribution that international capital makes to economic development. It emphasizes tbe growing interdependence between industrial and developing countries and shows how financial links have become as integral to the world economy as trade has hitherto190 words
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Page 5 Advertisements
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Advertisement12 1985-07-15 5 B m Am Clipper Class. For The Price Of An Economy Ticket.12 words
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Advertisement216 1985-07-15 5 Swiss Achievement THK LONG I NFS styij-: "S" s I S. ,w3 "'A jkn; N 5 ■■*> 5 (Airu/nest V7/P is //><> wt7? V model at right All other Lmtutnes Conquest models, both ladies 'atul men s. are at aiktble in n rariety of metals atul colours, u ith a216 words
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Page 5 Miscellaneous
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Miscellaneous93 1985-07-15 5 Doonesbury A DRAMATIC tuartrAiinrr ''MvT'DV ITHNKTHE UTTLE6UYS 60NNAMAKE IT AFTER. ALL! hecbvamiy IOXSHEALM EXCEPT R3RNOT HAVING ANY MR. r. m i (i A H& BEEN SHAVED, JIMMY. MANY MOTHERS DO THIS TO REMIND GOD HE HAS TAKEN OTHER CHILDREN FROM THEM, SOTHAT HE MIGHT SPARS THE REMANIN6ONES. 1 r? i«93 words
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BANKING AND FINANCE
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415 1985-07-15 6 NYT THE FEDERAL Reserve System's senior policy panel voted at its May 21 meeting to maintain an easier monetary policy that had evolved in the preceding weeks to combat a weakening of the economy, but not to push for still lower interest rates, accordingNYT - 415 words
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167 1985-07-15 6 AFP MORE THAN 600 foreign companies and banks, a third of them Japanese, now have representative offices in Beijing. The New China News Agency yesterday quoted the director of the capital's foreign trade corporation, Gao Sen, as saying that most of the offices had been openedAFP - 167 words
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135 1985-07-15 6 AFP PRESIDENT Marcos has told an IMF mission in Manila he wanted to limit the Philippines' foreign debts and improve its tax collection system. "Foreign borrowings should now be stopped unless absolutely necessary," Mr Marcos was quoted by government spokesmen over the weekend as tellingAFP - 135 words
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174 1985-07-15 6 UPI CHINA has announced the appointment of a new president for the Bank of China, the nation's foreign exchange bank, following the abrupt resignation of the former president in March. Wang Deyan, 53, formerly vice-president of the BOC, was recently elevated to theUPI - 174 words
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Article38 1985-07-15 6 AFP THE ASIAN Development Bank has reduced its annual lending rate on ordinary loans from 10.25 to 9.65 per cent effective on July 1. The ADB board of directors approved the reduction on Friday. AFPAFP - 38 words
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279 1985-07-15 6 Reuter BANK OF JAPAN Governor Satoshi Sumita said monetary policy would not change in spite of a narrowing of domestic differentials between short- and long-term interest rates and the appreciation of the yen against the US dollar. He said lastReuter - 279 words
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522 1985-07-15 6 Reuter CUBA PLAYS HOST to 300 trades unionists from 35 Latin American and Caribbean countries today as part of Fidel Castro's campaign to have the region's crippling foreign debt cancelled. In addition, Mr Castro had issued invitations to Latin American politicalReuter - 522 words
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Article186 1985-07-15 6 AP PHILIPPINE Prime Minister Cesar Virata has discussed with Asean officials on how to encourage the Asian Development Bank to appoint a vice-president from the six-nation bloc, Finance Ministry officials said. The official Philippine News Agency said Asean wants a Thai official to replace ADB vice-presidentAP - 186 words
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MONEY AND EXCHANGES
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Article178 1985-07-15 6 LAST WEEK saw a slide in the Eurodollar futures. Although the Federal Open Market Committee's decisions were not announced yet, traders did not perceive much deviation from its current credit policy. A larger-than-expected US$4 billion rise in the latest M-l money supply figure had suppressed the178 words
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Article182 1985-07-15 6 THE INTERBANK rate last week took an easier stance and traded lower compared to the previous week. Overnight funds opened at 5V* s'/i per cent, tumbled to a low of 3'/a 3 per cent before closing 4Vi 4'/ 4 per cent on Friday. The term rates182 words
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252 1985-07-15 6 TRADING on the currency markets during the week under review was marked by a significant decline in the dollar exchange rate and a meteoric rise of sterling which, however has come to a halt most recently. The emergence of a definite dollar trend has252 words
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Article, Illustration538 1985-07-15 6 NJICATES the average of the prime lemlng rates of 12 major bankt operating in Singapore PLR of bonks at the close of business on Friday, July 12 as supplied by the Association of Banks in Singapore. BANK PLR <%) Algemene Bank 8V4 American Express 9V« Am'Dam R'terdam538 words
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Article225 1985-07-15 6 Asian market ASIAN currency overoge deposit rate* tor the week ended July 12 •10 P**CE5 High Low US S 7 days 7 13/16 7 3/4 1 month 7 13/16 7 5/8 2 months 7 13/16 7 5/8 3 months 7 7/8 7 11/16 6 months 6 7 3/4 9 months225 words
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Page 6 Advertisements
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Advertisement111 1985-07-15 6 From July 8-21, let STEVENS CORNER Introduce you to the Intriguing world of indigenous Malaysian cooking. You can expect a magnificent melange of tempting native dishes and desserts. Specially overseen by Master Chef of Kuala Lumpur Hotel Equatorial. The elaborate buffet promises rich spicy curries, Roti Jala, Ayam Korma, Ikan111 words
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Advertisement120 1985-07-15 6 SING INVESTMENTS FINANCE LTD Fixed Deposits Rates: 1 month *5 p.a. 3 months 5 1 A% p.a. 6 months 5 1 /2% p.a. 9 months 5 3 A% p.a. 12 months On Call **4 1 /2% p.a. Savings 5 3 A% p.a. (calculated daily) Rates are subject to change without120 words
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SPORTS
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369 1985-07-15 7 BRIAN MILLER - By BRIAN MILLER THREE NEWCOMERS, all having their first starts in the country, came through with flying colours, scoring winning debuts at Ipoh yesterday. The first to oblige was Christmas Drop a three-year-old Australian colt by Father Christmas out of Snow Drop. Engaged369 words
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240 1985-07-15 7 AP SERGEI BUBKA broke his own world pole vault record on Saturday, becoming the first man in history to clear the 6-metre mark during the Paris International Track and Field meeting. On his third attempt, Bubka, 22, shattered his own recordAP - 240 words
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Article, Illustration501 1985-07-15 7 ANNA TEO - By ANNA TEO UPMARKET sportswear maker Ellesse has come to the rescue of the Singapore Lawn Tennis Association's Circuit '85 in what may be the start of the Italian sportswear maker's link with tennis promotion in Singapore. The SLTA's search for a major sponsor for the last501 words
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Article, Illustration508 1985-07-15 7 WALTON MORAIS - By WALTON MORAIS VINCENT LEE, riding a crest of success, collected his fifth title in four weeks when he won Warren's monthly competition yesterday. The second handicapper fired a six-over-par 68 to win the Overall Best Gross title by two strokes from Bernard Chen508 words
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Page 7 Advertisements
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Advertisement205 1985-07-15 7 It worked like magic. Everyone wants on Nixdorf's answer to productivity C/ .A L The response to attend the Nixdorf Seminar on "Increasing Productivity Through Information Technology" has been overwhelming. But if you are a late applicant you won't be disappointed. To give everyone a break, we have added a205 words
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FEATURES
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Article, Illustration1539 1985-07-15 8 FLORENCE CHONG - South-East Asian property investors turn attention to Hongkong Real estate agents Down Under are bemoaning the decline in investments in the Australian property market by Asian businessmen. Many blame foreign investment restrictions and a slow return on funds for dampening enthusiasm among Asian property investors. In1,539 words
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Article, Illustration841 1985-07-15 8 R W APPLE JR - By R W APPLE JR NYT AS RECENTLY AS six months ago, they were saying at the Palace of Westminster that British Prime Minister Margaret Thatcher was a sure thing for a third consecutive term, something none of her predecessors hadNYT - 841 words
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Page 8 Advertisements
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Advertisement241 1985-07-15 8 Acumen Cnarivinj WANTED-Your Nominations For Singapore's 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 the241 words
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Page 8 Miscellaneous
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Miscellaneous26 1985-07-15 8 BriStoW: Fiank Dxckeng ffeoPi£-fniN< OFFtoe roiss cxrr ON MP«uCe JOST SMOtJS MOLJ lHG>f CAN Be x» 54 •111X1 B \-4pvU< CAKING LPay c incuts in sky26 words
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THE ARTS
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789 1985-07-15 9 MARIE DAVID - By MARIE DAVID THE INCREASE in the number of current affairs programmes continues on SBC. Two Sundays ago, at 7.50 in the evening, we had an opportunity to watch Brigadier-General Lee Hsien Loong address the Democratic Socialist Club at the National789 words
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Article, Illustration479 1985-07-15 9 LISA LEE - By LISA LEE MUSIC AND MOTION untainted by any fussy feelings appears to be Bella Lewitsky's idea of what contemporary dance should be. The brilliance of her works was matched by the powerful and fluid interpretation by a troupe of nine equally well-tuned dancers and very apt479 words
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Article, Illustration821 1985-07-15 9 ESTHER FEIN - A mammoth project by the rock industry to help famine victims in Africa has just ended. A blend of high-technology and *****-style idealism, Live Aid featured a dazzling trans-Atlantic rock concert that took the airwaves of the world by storm. The response to the fund-raisingNYT - 821 words
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Page 9 Miscellaneous
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Miscellaneous1442 1985-07-15 9 i w zm mm. UNDERSTANDING CANCER The Search For A Cause 8.00 pm, Channel 12 This series dwells on the causes of cancer, the possibility of recovery and how victims cope. CANDID CAMERA 6.55 pm, Channel 5 As they say, laughter is the best medicine, and today, the closest you1,442 words
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Miscellaneous694 1985-07-15 9 CRYPTIC PUZZLE ACROSS 1 Hord work, this operation (5) 6 Tasteful insolence (5) 9 Information that wiM get you m on the ground floor? (7) 10 As metal, it's not urn que (5) 11 Titanic publication (5) 12 Possibly Aden's distinguished men? (5) 13 Discussed a cricket club, indeed' (7)694 words
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INTERNATIONAL STOCKS
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Article181 1985-07-15 10 AFP THE HONGKONG government has proposed that the colony's new stock exchange allow corporate as well as individual members when it opens next year, easing rules that currently allow only individuals to join. Under the Stock Exchanges Unification (Amendment) Bill published on Saturday, company members, whichAFP - 181 words
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149 1985-07-15 10 Reuter MERRILL LYNCH and Co Inc of the US and Cazenove and Co of the UK have jointly set up a US$3O million fund as a vehicle for non-resident investment in stocks listed on the Securities Exchange of Thailand. A spokesman forReuter - 149 words
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151 1985-07-15 10 Reuter MATSUSHITA Electric Industrial Co Ltd plans to build a microwave oven assembly plant in the UK to meet growing demand there and in Europe. But no details about the size of the plant or where it would be built was given.Reuter - 151 words
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347 1985-07-15 10 Reuter STOCK MARKET prices moved higher in active trading last Friday as investors, speculating on lower energy prices, bid up shares in transport companies. The Dow Jones Industrial Average closed at a record high for a second successive day, up 0.90 to 1338.60. TheReuter - 347 words
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Article111 1985-07-15 10 JULY 12 c$ unch •f Imp Oi Inco 50* 18* unch Alcon 33* 21 knf Prov Rp# IM Uh 42* IS* unch Argoan HkJgs Bonk Mont 18* 31 unch K«t Add LoMow B 20 Bonk Nova Scotio 13* unch 21* 31* 16* LTlCh 28* Moor* Cp 27* unch 36*111 words
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Article209 1985-07-15 10 JULY 12 Unuc 5208 Wootworth 1800 100 INDUSTRIALS MININGS A Alpha I050S 2970 -15 195 9200 500 AE And a 830 20 1240 -35 520 10 Buffets 6775 -175 ***** 460 1265 25 1310 -10 C G Smith 2900 140 Cor* Mcrch 1175 CNA 320 15 1040 -20 450209 words
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Article656 1985-07-15 10 JULY 12 Ml 24* Afcoo Lud AKod Cham Cp Attd Storos Afc-Chafcnors Am Brands htc Am Broodcast Am Con Co Am Cyonarmd Am Elic Put Am Exprow Am Homo Prod Am Motor* Cp Am Natural Got Am Td A Tot Amo* he Amorodo Hot* ANf he Amr Corp656 words
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Article760 1985-07-15 10 Amsterdam JULY 12 Fk AflN 477 00 2 9830 +0 3 Ahotd ?«nn -?s Akio 117 00 -0 7 AM£V ***** 0 5 44 50 -0 5 BoH 103.00 1 356 50 1.3 Boikaii Bur T«f 92 00 -07 36 00 -0.2 CoK« 474.00 -2 Ml Mij 136.00760 words
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Article43 1985-07-15 10 Reuter CHINA has formed a jointventure brewery with French companies. The China Daily said the venture, Kronenbourg Beverage, would build a malthouse and brewery in Zhejiang province with a planned production of 50,000 tonnes of beer and 20,000 tonnes of maltReuter - 43 words
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Page 10 Advertisements
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Advertisement157 1985-07-15 10 i Wftere id wiae, «ilu« and entertain N. t SP 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 Royal &vw: Singapore t'157 words
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Advertisement105 1985-07-15 10 i*> f!L." ">"r n n KXM*a /r" Monday, Tuesday, Wednesday... hmm, just like Mum's cooking Welcome to our daily special dish! It's local. It's mouth-watering. It's super value for your money. Monday is our Bah Kut Teh-day On Tuesday well, we won't spoil the surprise. The table's set for you.105 words
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Advertisement90 1985-07-15 10 Time: 12 noon 2.30 pm Price: $12.00~ Fashion Show: 1.15 pm Modeteby: Modeling Agency aothes by: Romantica Trading SiNGAfOftt 181. Kitchener Road. Singapore 0820 Tel: *****22 S~ fi A sumptous buffet lunch awaits you with savoury specialities to please the palette. Our menu includes popular dishes such as Sotong SambaL,90 words
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Advertisement123 1985-07-15 10 B**4S faunkal Japanese Restaurant Sushi, sashimi, teppanyaki and other famous delicacies from the land of the Rising Sun are prepared by three resident Japanese chefs. Businessman's set lunch from $8.50-H--FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street, Singapore 0105 Tel: 533 3888 AN AUTHENTIC PENANG FEAST Ka TIF.N COl R1123 words
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Advertisement142 1985-07-15 10 Stockholm pricoc woro unavailable I ring Cheng L6u Teochew v Restaurant for the best Teochew delicacies in town, t Discover our famous dian-xin, delicious steam-boat Teochew porridge and other mouth-watering delights prepared by Hong Kong chefs. And feel like royalty while C you dine in Oriental splendour. Open daily from:142 words
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INTERNATIONAL COMPANY NEWS
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317 1985-07-15 11 Reuter AN AUDACIOUS takeover bid for CBS, the biggest US television network, by broadcast maverick Ted Turner looks to be headed for failure, analysts say, despite suggestions by Mr Turner that the offer might be improved. One financial analyst saidReuter - 317 words
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Article, Illustration621 1985-07-15 11 Descendants considering billion-dollar buy-out NYT THE DESCENDANTS of Levi Strauss, who 135 years ago started a tiny company by making canvas pants for miners, might move soon to recapture ownership of what has become the world's largest apparel maker. The San Francisco-based Levi Strauss Co, saidNYT - 621 words
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536 1985-07-15 11 Reuter REPORTS by major US retailers of a disappointing 3.5 per cent rise in June sales, the smallest gain in three years, dashed any hope of pulling second-quarter earnings above last year, analysts said. "The gradual slowdown in consumer spending since January, onReuter - 536 words
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Article241 1985-07-15 11 UPI A LAWYER for an unidentified investment group has said it would allow a US$l4 million offer to buy UPI out of bankruptcy to expire today, but UPl's chairman expressed hope talks would continue. A spokeswoman for the Los Angeles Times said it hadUPI - 241 words
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Page 11 Advertisements
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Advertisement578 1985-07-15 11 r -Jtu jT U- shift! o 3*« l I i ft wi i Si mr%*: xm £1 «lUi« M V vy. i Ct L I •> •>» »:J3« ;<k /i fc*;: /> kv (^rill Selected US Prime Beef Cuts, Continental and Game Specialities in a hunter's lodge setting. BUSINESSMAN'S LUNCH578 words
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Advertisement167 1985-07-15 11 Executive Set lunch Daily $1290.. PHAtIMx 6RILL Menu of the 3-course lunch prepared in the finest Continental style. Each meal includes a hearty soup and a delicious dessert. Mon Grilled Lamb Chops Tues Chicken Fricassee Wed Mixed Grill Phoenix Style Thur Tournedos Rossini Fri Seafood Valenciana Sat Beef Burger Smitane167 words
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RAW MATERIALS
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499 1985-07-15 12 Bernama Reuter THE INTERNATIONAL Natural Rubber Organisation (Inro) council will hold a special session to review buffer stock operations following a rise in the buffer stock to more than 300,000 tonnes. Inro sources said the level was exceeded last Friday after several weeks ofBernama; Reuter - 499 words
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708 1985-07-15 12 ALL EYES were on sterling as it soared to its best level for over one year against the dollar, bringing severe pressure to bear on commodity markets during the week. Sterling quotations suffered widespread losses, despite the imminent reduction in British708 words
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Article248 1985-07-15 12 Reuter THE LONDON Metal Exchange (LME) is not concerned to learn that the New York Commodity Exchange (Comex) is to review the possibility of tin futures trading in the US. Mike Brown, chief executive of the LME, said yesterday that successful trading in theReuter - 248 words
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533 1985-07-15 12 Reuter ELEVEN YEARS AGO, consumers in Western Europe were hoarding sugar like gold dust amid wild rumours of a global shortage. Today, the world is overflowing with sugar, its (Mice is less than a tenth of what it was in 1974, and theReuter - 533 words
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Article228 1985-07-15 12 Reuter INTERNATIONAL Cocoa Organisation (ICCO) consuming countries are working on a proposal that up to 10,000 tonnes per week of cocoa held in the ICCO buffer stock should be rotated if nearby positions on the London terminal market go to a premium of five perReuter - 228 words
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Article672 1985-07-15 12 COFFEE ROBUSTA coffee futures on Friday fluctuated widely in a £90 range as a flurry of nervous long liquidations was followed by profit-tak-ing and physical hedge buying, lifting prices at the close. Prices ended £89 to £67 below Thursday night's close, having been over £100 down on some672 words
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Article34 1985-07-15 12 r KL TIN N _L Date Closing prices Turnover (tonnes) M)/kilo Ally 8 30.55 206 f/ July 9 30.81 227 July 10 30.96 218 July 11 30.75 172 L July 12 30.62 151 -J34 words
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Article145 1985-07-15 12 Chinese Produce Exchange Robusta 20/25% FOB NSW 469.00 (Sellers' noon doing pi My 13 (SS/100 kg) rices on Nutmeg 110 FOB NSW 454.00 Coconut oil E&W FOB NSW 330 00 Be*. FOB 107.00 Gambler Od drum FOB 120 00 FOB NSW 330 New drum FOB 124.00 Copra London145 words
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Article223 1985-07-15 12 TRADING was very quiet in the aftermath of the July squeeze, which left the market on a flat note, with turnover poor as current August One RSS fluctuated thinly around the 172.00 cents (S) mark, Holiday, Cutler And bath said in its weekly rubber report. Operators kept sidelined awaiting223 words
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Article102 1985-07-15 12 WHEAT futures on Friday closed mostly higher,up one cent a bushel in July and September on the Chicago Board of Trade. September ended near the bottom of a IVi US cent range. Gelderman/Peavey bought December and Shatkin Commodities bought September late, while Illinois Co-Op sold September. Corn futures closed102 words
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Article84 1985-07-15 12 SOYBEAN futures on Friday closed 7V« to 19V4 US cents a bushel higher in a rally inspired by the hot, dry forecast. November ended near the top of a 10 cent range. The weaker dollar lent to the firm tone, along with Thursday's price firmness despite large acreage and84 words
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Page 12 Advertisements
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Advertisement460 1985-07-15 12 Habib Bank Limited (INCORPORATED IN PAKISTAN) CONSOLIDATED (CONDENSED) BALANCE SHEET AS AT 31ST DECEMBER, 1984 LIABILITIES Authorised Capital Paid up Capital Reserve Funds and Surplus Total Equity Capital: Deposits and Other Accounts Bills Payable and Other Accounts Borrowing from Banks Acceptances and Contra Items 1984 RUPEES 1,000,000,000 542,925,000 1,650,7%,247 2,193,721,247460 words
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MARKET REVIEWS
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Article, Illustration4909 1985-07-15 13 LORETTA McLAUGHLAN - mm I] «Singapore SJ By LORETTA McLAUGHLAN THE STEADY EROSION of confidence led to another decline in share prices on the Singapore stock market last week. Share prices took a pounding as the Straits Times Industrial Index fell on four days out of five. "The4,909 words
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290 1985-07-15 13 ¥k r VlAustralia Reuter AUSTRALIAN share markets ended the weds at record highs, spurred by the Af9B6 million bid for retail group Myer Emporium. The All Ordinaries Index gained 27.1 points during the week to close at the record high of 909.5 pointsReuter - 290 words
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Article646 1985-07-15 13 JULIANA TAY - Week ended July 12 compiled by JULIANA TAY CORPORATE DEVELOPMENTS Berjoyo Corp Bhd has proposed to acquire a piece of kind in the Federal Territory and two companies, Kemojuan Gemilang Sdn Bhd and Prim# Credit ond Loosing >dn Bhd for a total cost of M646 words
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Article1731 1985-07-15 14 GERALD COLVERD - ■nxDfl London By GERALD COLVERD THIS IS THE SEASON when university graduates are sifting through summertime interviews, hopefully (or selectively for a choice few) to find they have an opportunity to become someone in the City. Personally, the intriguing question to answer is whether, at last, the1,731 words
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Article883 1985-07-15 14 Current Ex Books Date Total for Total tor payment dote close payable the year last year Acma 5%(b) Jun 18 Jun 26 Jul 15 5% 7.5% Alex Hldgs 696(b) Sep 6 Sep 13 Sep 28 6% 6% Ambassador 7Vj%(b) Jun 24 Jul 1 Sep 16 7Vi% 7^% Amal883 words
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Article114 1985-07-15 14 Reuter EXISTING shareholders in Britoil PLC will be given preferential allocations of one share for every five held in the British government's forthcoming offer for sale of its remaining shares in the company, a preliminary prospectus said. Britoil employees will also receive preferential allocations. Part ofReuter - 114 words
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849 1985-07-15 14 M W\ J ew kJ FT THE PERFORMANCE of the US dollar was the key to US share prices last week as the second quarter corporate reporting season in the US got under way. In spite of some very dismal news from several householdFT - 849 words
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Article305 1985-07-15 14 1 I Hongkong m SHK Research THE HONGKONG stock market resumed its upward trend last week. After a quiet opening, share prices continued to move within a narrow range. In the first three trading days, the Hang Seng Index only edged up three points onSHK Research - 305 words
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434 1985-07-15 14 AFP AFTER TOPPING the 13,000-yen mark for the first time the previous Saturday at 13,040.10 yen, the Dow Jones Average of 225 blue chips slipped down during five subsequent sessions from Monday last week. But the composite TSE Index of all common stocks listedAFP - 434 words
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872 1985-07-15 14 1 K.Lumpur 4 INVESTORS were clearly disappointed with the Kuala Lumpur stock market last week as share prices lost ground in spite of encouraging performances on Tuesday and Wednesday. Trading pace picked up slightly for the whole week while prices suffered the heaviest losses on872 words
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346 1985-07-15 14 [jj M lcn BCI THE MILAN stock market continued its trek to new peaks last week, underpinned by a volume that swelled to 105 billion lire a day on average. This compares with an average of 85 billion lire the previous week. TheBCI - 346 words
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Page 13 Advertisements
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Advertisement18 1985-07-15 13 Send in. 4 your nominations today /O HL, BUSINESSMAN OF THE YEAR call Sit Meng Chue at *****5518 words
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COMPANY NEWS
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Article, Illustration624 1985-07-15 15 NAJEEB JARHOM - Exit price earnings multiple of 25.3 By NAJEEB JARHOM HWA HONG Corp Ltd's financial adviser Samuel Montagu, in making the unconditional cash offer to minority shareholders of People's Insurance Co Ltd, has brought to their attention that the $2.25-a-share offer represents an exit624 words
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160 1985-07-15 15 KESANG HOLDINGS Bhd has bought two floors of Menara Safuan, a 27-storey building at the north-western fringe of Kuala Lumpur's Golden Triangle, for M 53.585 million cash. The building, located along the Klang River, is due for completion by the160 words
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Article113 1985-07-15 15 PAN-ELECTRIC Industries Ltd has appointed Mr Wong Toh Ming as a director of the company with immediate effect. Mr Wong represents the Tan Koon Swan stable of companies, which holds a big stake in Pan-El. An accountant by training, Mr Wong works full-time as a director of113 words
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119 1985-07-15 15 IN REPLY TO A Kuala Lumpur Stock Exchange query, MBf Holdings Bhd says it has now decided that it will not be in the interest of the company and its shareholders to issue a new notice of takeover scheme and proceed with the general119 words
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Article171 1985-07-15 15 JUST DAYS AFTER entering the food making business with a $2 million investment in Efforts Holdings Ltd, Mulpha (Singapore) Ltd, a member of the Multi-Pur-pose Holdings conglomerate, has put in another $1.8 million into a fast-food venture. A conditional agreement was made last Friday with Safeway Fast171 words
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606 1985-07-15 15 SIME DARBY BHD'S giant plantation arm, Consolidated Plantations Bhd, is confident of achieving record profits for the fiscal year just ended but it is now expecting a drop in group earnings for the new year which started on July 1. The main cause of606 words
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Page 15 Advertisements
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Advertisement1361 1985-07-15 15 J. P. Morgan Co. Incorporated Parent company of Morgan Guaranty Trust Company of New York Consolidated statement of income 1984 In millions Interest income from: except per share data Loans 13 879.5 Deposits with banks 945.8 Federal funds sold and securities purchased under agreements to resell 159.6 Investment securities U.S.1,361 words
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Article, Illustration513 1985-07-15 16 CHUANG PECK MING - MP feels government has stifled potential of young Singaporeans By CHUANG PECK MING OPPOSITION MEMBER of Parliament Chiam See Tong says the foundation has been laid for an alternative to what he describes as an essentially "Asian type" of government in Singapore. The513 words
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Article, Illustration166 1985-07-15 16 Reuter SOME 200 small shareholders of the failed Overseas Trust Bank (OTB) yesterday formed a group to regain their lost money and threatened to sue the bank or the Hongkong government. The group's solicitor, H L Kwan, said many investors lost theirReuter - 166 words
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289 1985-07-15 16 OPPOSITION Member of Parliament Chiam See Tong said what the students wanted to hear at the National University of Singapore last Thursday, a political science lecturer who was in the audience said. This explained why the MP for Potong Pasir went289 words
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224 1985-07-15 16 HOME AFFAIRS and Second Law Minister S Jayakumar yesterday called for the organisation of a pool of volunteer instructors to meet the training needs of an increasing number of civil defence volunteers. Speaking at the Bedok blood grouping exercise held in the224 words
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187 1985-07-15 16 Reuter THE WORLD'S biggest rock music show raised about US$5O million and could save thousands of lives in famine-stricken Africa within the next six weeks, said the show's organisers yesterday. Irish-born singer Bob Geldof, who inspired Saturday's 16-hour London-Philadelphia Live Aid Star ExtravaganzaReuter - 187 words
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Article72 1985-07-15 16 THE HIGHWAY, a bi-monthly magazine of the Automobile Association of Singapore, has ceased publications temporarily. The association committee has decided to terminate the services of publisher Felio Publications Pte Ltd with effect from the June 1985 issue. According to association president, Mr Milton Tan, there72 words
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Article57 1985-07-15 16 SOUTH KOREAN Foreign Affairs Minister Lee Won-Kyung arrives today for a three-day visit at the invitation of his Singapore counterpart, Mr S Dhanabalan. Apart from calling on his host, Mr Lee, accompanied by five officials, will also meet First Deputy Prime Minister and Defence Minister Goh57 words
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156 1985-07-15 16 AFP PHILIPPINE Foreign Minister Pacifico Castro yesterday said his government was holding "high-level" talks with Malaysia to drop Manila's claim to the East Malaysian state of Sabah. Mr Castro declined to disclose when the talks were started or who were participating inAFP - 156 words
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378 1985-07-15 16 RICHARD SEAH - By RICHARD SEAH DAEWOO CORPORATION'S $310 million "cheap and fast" project to build 8,000 flats for the Housing and Development Board has finally been completed, more than six months behind the original schedule. The South Korean contractor took a full-page advertisement in The Straits378 words
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92 1985-07-15 16 EMPLOYEES of Singapore Airlines are anticipating some good cheer in the form of a productivity bonus. There are expectations SIA will at least match the special one-month bonus it announced in mid-1984. Employees with more than 10 years of service could get a six-week bonus.92 words
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Article40 1985-07-15 16 A MONTH-LONG programme against spitting in public begins today, to remind the public that spitting is rude and anti-social. The slogan is "Thank you for not spitting", a follow-up to last year's stop spitting theme.40 words
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332 1985-07-15 16 LOH HUI YIN - By LOH HUI YIN ASEAN-PACIFIC economic cooperation took a small but significant step forward at the just concluded Asean post-ministeri-al meetings in Kuala Lumpur. A list of 32 projects to develop human resources in the Asean and Pacific regions were agreed on by the332 words
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Article65 1985-07-15 16 A FORMER deputy director of the National Trades Union Congress, PRamasamy, died yesterday, 10 days after he was attacked with acid near his home. Six men have been arrested in connection with the attack. Mr Ramasamy, 64, had been in a critical condition because of extensive65 words
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Article295 1985-07-15 16 FACED WITH the seasonal flood of tourists, mostly Americans, Paris' best restaurants this summer have decided to reserve half their tables for French people. "If we accepted to have our dining room filled with foreigners, which we could do every second night in July and295 words
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LATE FILE
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Article44 1985-07-15 16 Reuter SOUTH KOREA expects a 1965 gross national product (GNP) growth rate of 6 to 7 per cent, compared with 7.5 per cent originally forecast. Deputy Prime Minister Shin-byong-Hyun said yesterday that GNP grew 7.6 per cent in 1984. ReuterReuter - 44 words
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Article43 1985-07-15 16 Bernama DATUK HARRIS SALLEH yesterday announced that he was stepping down as Berjaya's president, after nine years at the helm. Datuk Harris announced his retirement at the party's sixth congress and 10th anniversary celebrations in Kota Kinabalu. BernamaBernama - 43 words
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Article41 1985-07-15 16 Reuter FRENCH PRESIDENT Francois Mitterrand yesterday made clear that he intended to save his full term, even if the right-wing opposition were to win legislative elections next March and was able to form a government. ReuterReuter - 41 words
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Article31 1985-07-15 16 Reuter FRESH UNREST over a controversial minorities policy may hurt efforts to restore peace in India's western Gujarat state, said the Press Trust of India yesterday. ReuterReuter - 31 words
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Article53 1985-07-15 16 Bernama A MOVEMENT to "protect and enhance freedom and justice" was founded in Kuala Lumpur yesterday by 13 organisations which attended a dialogue on parliamentary democracy organised by Aliran. Aliran president Dr Chandra Muzaffar said the movement would be an expression of the organisations' collective desire to protectBernama - 53 words
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Article43 1985-07-15 16 UPI ARMED MEN have abducted a Filipino priest active in human rights cases in the central Philippine city of Cebu. The Reverend Rodolfo Romano, 45, a member of the Redemptorist Mission of Filipino and Irish Priests, was abducted on Thursday.UPI - 43 words
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32 1985-07-15 16 UPI THAI TROOPS and police killed six bus robbery suspects following the second major highway robbery in less than a week in Thailand's troubled Southern Panhandle. UPIUPI - 32 words
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Article34 1985-07-15 16 Bernama TWO RMAF pilots were killed when their M 8339 Jet crashed in Kuantan yesterday during an aerial display in conjunction with the RMAF's 27th anniversary celebrations. BernamaBernama - 34 words
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Page 16 Advertisements
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Advertisement124 1985-07-15 16 Exclusive ft Luxurious Apartments specially designed for yon... g?,Ideally located at jJSfc JfrsA Meyer Place /Katong 4nM Only 15 Units jft it M B comprising of mfj* m H 3 flats and ■■yiyffa pal r 12 maisonettes juf Nl L Very spacious Sf|S 3 frcmi*2,oBB sq.ft. SlpwH I H Barbeque124 words
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Advertisement7 1985-07-15 16 Concert r«livM memories of *****, Page 97 words
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Advertisement143 1985-07-15 16 Major 2 day briefing on OPPORTUNITIES FOR DOING BUSINESS IN INDIA including the Legal, Tax and Commercial Issues August 6th 7th 1985 Hotel Meridien Singapore Highlights of the programme Indian Government's Current Policies Guidelines on Investing Operating in India Analysis of India's New Development Plan its Impact on Foreigners Wanting143 words
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Page 16 Miscellaneous
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Miscellaneous58 1985-07-15 16 Outlook for todoy: Fair, with showers in o few places in the late morning and afternoon. Report for 24 hours prior to 7.30pm on July 14 at the oirpoft: Maximum temperature 30.8 Associated humidity 64 Minimum temperature 21.0 Associated humidity 97 Hours of sunshine 7.75 Rainfall in millimetres Nil Rainfall58 words
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SHIPPING TIMES
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122 1985-07-15 17 Reuter MARUBENI Corp will cancel at the end of July charter contracts for two 80,000 dwt tankers being used by Sanko Steamship Co, spokesmen for the companies said. A Marubeni spokesman said the two tankers will be sold to a Greek shipowner by theReuter - 122 words
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Article, Illustration327 1985-07-15 17 G DURAIRAJ - By G DURAIRAJ HONG LEONG Lurssen Shipyard is offering its expertise in building harbour tugs and pilot launches to port authorities in Malaysia. The general manager of the yard, Mr Haro Dradheim, said the shipyard hopes to use tne skills and experience gathered from the327 words
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330 1985-07-15 17 AFP SOUTH Korea's maritime shipping industry is sinking deeper in debt and risks going bankrupt unless the government grants some form of urgent aid, industrial sources reported. The nation's ailing industry suffered last year alone a total business loss of about US$lB2AFP - 330 words
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115 1985-07-15 17 THE ANGLO-DUTCH Shell oil company was reported to be planning to sell its entire fleet of large crude tankers under a "restructuring programme". The authoritative Lloyd's List shipping journal said although Shell would still need to use very large crude carriers (VLCCS), it115 words
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PORT SIDES
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Article93 1985-07-15 17 UPI THE WORLD'S first semi-submersible oil rig operative in severe weather has been shipped to its owner in Norway, the Japanese builder said. Hitachi Shipbuilding and Engineering Co said the rig will be turned over to Partrederiet Polar Frontier Drilling (PFD), a joint US-NorwegianUPI - 93 words
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Article82 1985-07-15 17 KUWAIT HAS complained to the United Nations Security Council over the impounding by Iran of the commercial vessel Al-Muharraq south of the Strait of Hormuz. A Kuwaiti diplomat at the Kuwaiti mission in New York said the six nation Gulf Cooperation Council (GCC) has already declared82 words
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Article29 1985-07-15 17 Reuter THE AUSTRALIA to Europe Shipping Conference said it will lower its bunker adjustment factor to 8.0 per cent from 10.5 per cent, effective July 30. ReuterReuter - 29 words
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596 1985-07-15 18 Fairplay A NEW shipping register, operated by the Isle of Man Harbour Board, becomes fully operational on July 1. It is closely linked to the British Register, and has been established with the full approval of the Department of Transport after intergovernmental negotiations whichFairplay - 596 words
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254 1985-07-15 18 Reuter WORLD conservative leaders are expected to discuss the possibility of banning all oil transport to South Africa when they meet in Washington later this month, according to Norwegian Prime Minister Kaare Willoch. Willoch also said that he expected the leaders to review otherReuter - 254 words
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Article63 1985-07-15 18 Reuter CHINA IS to build an oil terminal next to its Shengli oil field in Shandung province which will enable it to double annual output from the field to 50 million tonnes and increase exports by 1990. Output from the field, currently limited to anReuter - 63 words
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Article868 1985-07-15 18 ALL SECTORS of the charter market were sluggish on Thursday, but there was some business in grain, coal, ore and sugar trades. Two US gulf grain openings were filled. MSK fixed the Maersk Sebarok with a 52,000-ton August 5-20 cargo for Japan at U5512.50 (fio), while unspecified interests868 words
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Article853 1985-07-15 18 A Top Ent X 4 AB Shpg V 5 Afeo Line VI 3 Ahrenktel Liner X 1 AC Toepfer X 5 APC Line V 4 APL III 2/3 Andekc Shpg X 2 Antoh Orient X 3 Arrow Lines X 5 Atlas Lines X 2 Anro Service IV853 words
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446 1985-07-15 19 Lloyd's List WITH DRY cargo freight rates continuing to spiral downwards, little sign of a slowdown in building and no hints of "hoped-for" increases in scrapping, prospects for the market are as low as they have been for decades. Some commentators believe the currentLloyd's List - 446 words
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106 1985-07-15 19 STOLT-NIELSEN of the United States has appointed Mr Gunnar Bretvin as president and chief operating officer with effect from July 1. Mr Jacob Stolt-Nielsen, Jr will continue as chairman and chief executive officer of the organisation. Mr Bretvin was chief executive of the Nevi106 words
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Article292 1985-07-15 19 THE SHIP sale and purchase market last week was extremely quiet with fresh sales slow to emerge, secondhand tonnage brokers said. Transactions last week included the following: Valetta Trader (ex Andrea Brovig) motor tanker of 32,212 dwt and built 1975, has been sold to Greek interests for about292 words
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209 1985-07-15 19 Seatrade A HIGH-LEVEL Indian government committee is understood to have recommended the establishment of a shipping development bank on the lines of the Industrial Development Bank of India as an exclusive financing vehicle for shipping companies. According to the committee, headed by PrakashSeatrade - 209 words
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3065 1985-07-15 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.3,065 words
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Article652 1985-07-15 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Ship Voy Arrival date/time Operator for LCL cargo movement schedule Location In Pioneer 6 Lexo Maersk 8508 P Vanburen 141W K Gavrilov 24BW85 E Order 003W Anson *****N B Dahlia 111 Tambang VII 7360 Pegasus P652 words
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Article1679 1985-07-15 25 The leading shipping lines operating from local ports and their agents. A-e A Top Enterprise* Pte Ltd Some (S) AB Shipping Bousteod Shpg Agencies Afeo Line Africon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceonus Shipping Agencies (S) Multiport Sdn Bhd (PK)1,679 words
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Article372 1985-07-15 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 15.7.85/0800 Dona Alma K36 New Strait alongside Ned Bangkok K9 N-EAC alongside 15.7.85/0600 No 8 Donam K15 NAPL alongside 15.7.85/0700 Star Glory K34 Soon Kiat alongside 15.7.85/1500 Cochise K29 Aru 15.7.85/0500 16.7.85/0500 Frotadurban K9 Merlion 15.7.85/1400 16.7.85/1800372 words
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Page 17 Advertisements
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Advertisement763 1985-07-15 17 ~?;%}.?="]?'\,>&:&&$"'!*&~*{+\- A MEMBER OF THE C.Y. TUNG GROUP ORIENT OVEIQEAS Cattkitm Line Agents: \\n» jmocc smptmg memoes da 2421M/OQK) 70 Shcnton Way #0403 Manna Hou* S««a|)Ofe 0207 LSiiiJ Id *****11 T«tei NO RS ***** iPM-'ll CFS OFFICE IPC #03-029 let *****31 2220J3) Terminal oH*e TPC #***** W *****90/*****93/*****01 WAMTAH JARDK763 words
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Advertisement80 1985-07-15 17 mm A NEW shipping register, operated by the Isle of Mon Harbour Board, becomes fully operational on July 1. Page II WITH DRY cargo freight rotes continuing to spiral downwords, little sign of a slowdown in building and no hints of "hoped-for" increases in scrapping, prospects for the market are80 words
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Advertisement1228 1985-07-15 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. THE BOOKSHOP MAERSK LINE Penang Vessel s-por. EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASIA *S«ppore Ctovnj l«n ct is/; 1100 mrs CfS1,228 words
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Page 18 Advertisements
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Advertisement781 1985-07-15 18 NOTICES "OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP S NAME" We. Ng Shipping Private Ltd of 63 Robinson Road. Afro Asia Bldg. #03-10, Singapore 0106. hereby give notice that in consequence of our intended purchase of the vessel "Clifford R. Simmons" we have applied to the registrar of Singapore ships,781 words
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Advertisement437 1985-07-15 18 NOTICE TO ALL SHIPPERS CONSIGNEES Please be advised that we do not act for or in any way associated with either of the companies listed below: (A) FREIGHT LINKS EXPRESS PTE LTD (B) FREIGHT MANAGEMENT PTE LTD (C) SERENE SHIPPING AGENCIES PTE LTD (D) CONTAINER FREIGHT STATION SERVICES PTE LTD437 words
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Page 19 Advertisements
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Advertisement926 1985-07-15 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok I COWTMNERSHIP SERVICE TO UK/CONTINENT HAMBURG EXPRESS OSAKA BAT Liverpool bay HONGKONG EXPttSS KONIOON BAT BENALOER an or edbburgh FRANKFURT EXPRESS CARDIGAN BAT Alto Accepting Corgo For: Mantel926 words
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Advertisement968 1985-07-15 19 1 91 r A* Portland Oakland i Los Angeles L Kaohsiung Singapore to help Asian shippers reach North American markets. Mitsui O.S.K. Lines' trans-Pacific Alligator Container service now gives Asian shippers more convenient access to their important North American markets with more frequency and more routes. Weekly from Hong Kong,968 words
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Page 20 Advertisements
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Advertisement658 1985-07-15 20 R u Hapag-Lloyd TO CONTINENT/UK EXPORTS S pare P Kelangl S ten ttburt B'hi»«n Rdam It On carriage to Scandhavia, Med, Carribean &S. America Inland Itatiafe to inland destinations in Europe S pare PKeiaif P«unf Genoa Hbwg (dim Shaven Antwerp Peter Rxkmefs 14/7 12/7 9/7 l/l On Tone 20/7 29/7658 words
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Advertisement292 1985-07-15 20 &.&.LINE FULLY CONTAINERISED SERVICE TO EUR Off VIA SUEZ "1 Membe* ol the Ace Comort on Memoer FULLY COMTAIMERIS£D TO/FROM NORfH AMERICA WfSJ cOAM *«ia feeder »euel PK* Sport* BU U Oakland Seattle VartiC HK Sport* KOREAN WOWS OK 54E (20/7) 18/7 29/7 14/8 17/8 19/8 20/8 6/9 13/9 CONVENTIONAL292 words
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Advertisement508 1985-07-15 20 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX R*****1 R! R*****2 4 t i; \STI:kn < \K U\I:U. I Tl> B INTERMARITIME LTD K Kiiabaiu Te» *****0 Jakarta Tafc *****1 REUNION/SOUTH AFRICA SERVICE DIRECT MONTHLY SAILINGS BPN T* KK/RM SP PK KU DBM ft CT ZAMBESI V508 words
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Advertisement789 1985-07-15 20 o EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) GUM 17/7 UN FORNARO FVEP GOVERN 24/7 GLORY 1/1 CHER GIFTED 1/1 EVER GLEAMY 17/1 EVER GRAM) ft I EVER GEMUS 2/9 m i» hi u oh no ia at m un 17/7 21/7 22/7 24/7 27/7 24/7 31/7 IS/S789 words
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Advertisement266 1985-07-15 20 HSINOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Snfapcre Lu#| lv 20/7 B. Abbas. B. I KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC SPORE Htcbnc Lu4h( tar OCEANA QUEEN 2S/7 Jayapwa. Lae. f. Mvesby, Rabati, Kieta, Honiara. KYOWA BREEZE 25/1 New at. Lae. P266 words
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Page 21 Advertisements
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Advertisement653 1985-07-15 21 s\w PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 VESSEL VOYAGE HONGKONG SINGAPORE LOADING FOR: KOTA WANGI CP/30/85 18-25/7 DJIBOUTI. PORT BUOAN, DERNA KOTA RAJA E-575 29-30/7 3-8/8 MUKALLA. ADEN, HOOEIDAH. ABSAB, JEDDAH, AOABA KOTA RAKVAT E-577 3-4/8 8-12/8 MOGADISCIO, MOMBASA. DAR-ES-SALAAM KOTA RATNA E-579653 words
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Advertisement237 1985-07-15 21 A.jents SINGAPORE Pll P KfIANG SELAJAN AGENCY Ki SEI A 1 AN AGENCY PENANG tEAN BEE CO If I //***** If 1 *****? *****6 HI ***** 4 ??681? Ifl bl44j ?184S 2 WOOD LINE SOUTH AFRICA SERVICE KK STORE PIOUS REIJNON DURBAN CTOWN PACIFIC mm SA- 4/tS SU Sid SM237 words
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Advertisement606 1985-07-15 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS KkJJEBSEN LINE NEW ZEALAND TO NEW ZEALAND, PAPUA NEW GUINEA AND SOUTH PACIFIC OSAAA BAT, IBSEN IAURAN6A 3S Hkt P Moresby AuCk lau' Nap*' Tirnaru 23 7606 words
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Advertisement586 1985-07-15 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF FAR EAST TO/FROM S PORE CONTAINER SERVICE BUSAN YOKOHAMA KOBE KAOMSRJNG HK I STOW MAJAfAHfI mm 16/7 18/7 29/7 25/7 27/7 I 31/7 GOMA i 22 W 22/7 25/7 27/7 31/7 2/1 1 7/1 if.*:l f.rafl.;7.T:T.VT.Thi imi: la: MAIAPAMT V 22 HB GOWA V 22586 words
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Advertisement785 1985-07-15 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loadnf for Ranfoon Spore Pa-an VBSK 19/21 M Phashweiyawywa V256W 20/22 Jul Htoneywa V2O3W 22/23 Id Patan VS9W 29/31 U P.Ketanf Penanf 15/17 M 11/20 M \> BANK LINE EXPRESS SEH-CONTAMR SCRWICf TO UK SPORE R'DAM HULL HMBG MEADOW BANK 28785 words
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Page 22 Advertisements
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Advertisement1340 1985-07-15 22 K LINE KAWASAKI KISEN KAISHA. LTD. USA CAnnun PACIFIC COAST (lm-ludliiK DESTINATIONS INLAND via IPI/MICROBRIDGE MINILAND BRIDGE) SPORE PKLG PENANG SPORE T,r n 23 Jul 21 Jul 23 Jul FEEDER/ MOT** VESSEL TRANS WORLD BRDGE V2SE CALfORNU BRDGE V 3 ASIA STAR V3S 19 Jul WASHMGTON BRDGE V 3 ASM1,340 words
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Advertisement525 1985-07-15 22 /Of CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE loading to. LOS ANGUIS SMI FRANCISCO SEATTLE. IACOMA VANCOUVER BC Accenting FCI/FCI Containers Smwe L Angett% IS/If AIK l)W AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCI FCI Containers CHANDtOAS RAMOAS 2/3 Auk AABIRDAS RAVIOAS 30 Aug 22 Aug 71 Aug Adel Hobart 2S525 words
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Advertisement510 1985-07-15 22 SANKD ASIA FROM JAPANfSC PORTS AND HONOKOMC Stifipot K-27/16 U 16/17 M 17/11 M 23/24 U PKtUni 17/11 M 11/19 M It/19 M 25/26 M 31/1 mi 6/7 Am 10/11 Auf PoiMf 1. HOSHO MARU 2. NTPO MARU 3 PEARL SIM 4 SANKO SCORPIO 5 HAKKAISAN MARU 21/30 IU 3/5510 words
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Advertisement481 1985-07-15 22 INTRASEA (PTE) LTD. 10 Anson Road »2 7 16 Internationa 1 Pla/a Singapore 0207 Tel 2 ***** 1 T 0 L.nesl <► BREAKBULK SERVICE TO EUROPE/UK THE US BBtSMI DANAKOS *****10 S port P KMancLoadnc Mr:Sjfcd rott/ant/u* (AVON) 7/1 15/1 ROTT/ANT/UJI (AVON) SEAWOOD AND R.M.Z.fNw S port P KeUi* Im4m(481 words
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Page 23 Advertisements
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Advertisement922 1985-07-15 23 S^NOL NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): MAETERLINCK 7W.. SS BRDGE 51* TW BRDGE 26W. Also accepting cargo to/from Scandinavia N CRYSTAL S pore Closing Times FROM EUROPE (VIA SUEZ) FCL Cargo 2359 16/7 LCL Cargo 1200 16/7 TW BRDGE 25£ Sailed 23/7 (25/7) C CONTAINER 3QE Sailed922 words
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Advertisement568 1985-07-15 23 HEUHG-A SHIPPING Korean Flag Vessels DO* AM SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON SPIWI lI.INIS f«PIUNI AGfNCItS Pit I ID M ?*****7 ?78S4W ißookngt) *****10 *****77 <Opriat.om> *****87 *****84 (r«nwijll *****50 *****04 (CIS) MAI ITSIt »UNIS IUWAS Sill* SON BHO Kt Irt *****0 *****4 PK Tel *****4568 words
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Advertisement910 1985-07-15 23 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Sincapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telei Numbers RS 213R0 RS ***** RS ***** t KELANG M/S SHARMAT NAH SOON SOU BH> IST AND 2ND FLOOR NO 1 IALAN CEMPENING PORT KLANG910 words
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Page 24 Advertisements
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Advertisement820 1985-07-15 24 llte<|i«Mial Container Lines 4 Sailings weekly irnnl Fast Reliable Regular Punctjal Berthing P.S.A. Mon, Tue, Thur, Sat REGULAR/FEEDER SERVICE TO PHUKET/SONGKLA MTU KONSORTRJM 178N/354 II kd MTU KONSORTRJM 179N,356 25 kd RATU KONSORTIUM 180*, 35* 1 Aug MTU KONSORTRJM 181N/360 I Aug HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINER820 words
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Page 24 Miscellaneous
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Miscellaneous135 1985-07-15 24 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed m knots Wave height LEGEND R Thunderstorm d,recf,on w,th sp d ,n Shower j Rom Wove height Cloudy Sky Surface winds ore indicated by arrows which fly with the wind One full circle represents calm or135 words
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Page 25 Advertisements
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Advertisement219 1985-07-15 25 pm EAST ASIA LINE -J (Malaysian Flag) Regular Liner SwvicH Bttwnn ITSIA/S'PORE/IHDIA P. Kelong Penong S'pofe Ldg for AMAH 27/7 25/7 »/7 C*ttafon| WCCRA PERTAMA Sated Sated kUdris/Bombij REGULAR JAPAN/STRAITS/JAPAN SERVICES LAMBOR 25/7 N»|/IM>e/ Yokohama EAST ASIA SHPPHG SON. BHD. P.K. Tcfc *****2/36 MFBC K.L. Id: *****5/*****0 CONFER SWPMG. STORE219 words
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Advertisement200 1985-07-15 25 BAPID SHIPPING PTE LTD L S PORE TEL: *****44 TLX: ***** K.L. TEL: *****5 *****0 FCI LCI LOAONG FOR FAR EAST I*l. China, Bus, Kee/K*. BKK IMURITUS Port Loub UK/EUROPE Ldn, Rdam. Atwp. Hburf AUSTRALIA Sfd, Mot Bri. Ade, Fro 17/7 24/7 29/7 29/1 18/7 29/7 22/7 9/1 ULAR CONVENTIONAL/CONTAINER200 words
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Advertisement359 1985-07-15 25 -1 OCEAN BRIDGE SHIPPING PTY LTD, "(H)' FREMANTLE V REGULAR SAILING TO PORT HEDLAND/FREMANTLE MV HELEN COAST ETA In Port 00 17^7 onetii tpnts Imkov Shipping CoPts Ltd. 11l C«ci M ott KJ5i tin BUI Sni*-" 01* T* Z23M7* Cheng Lie Navigation Co., Ltd. com tan soma to bangkok/hongkong/imbm STORE359 words
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Advertisement112 1985-07-15 25 US-LINER SHrPMG PTE LTD llmiiriiH Iw<m«Wl tark, S'pora OSI4 TLX: M AMI FUNDI TBj Xtktmmm ACCEPTING BOTH PCL AND LCL n <(*-•' 'ii"l'M ■•Wl ■*'U'iii.« "i rvM»:ni-' MIFU-'W.'. ~',1.1171 LIN LIN SHIPPING PTE. LTD. 1. Magazm* Road •OS-M Canlral BuHdlog. Singapore 0105 Tat: 533M14 533M22 WEEKLY SERVICE SINGAPORE TO KUCHING112 words
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Advertisement50 1985-07-15 25 LIZENA PTE LTD T«fc ******7, 7SMOH Tata: RS2SI4I PROMPT SINPPWG LME SA. to kst new ram n* STOB WKMMG UKEt )M Mr MBMN. ONBBO. EMI CMEQI 2M to« tMMCHN CMEBt ?«kbpt OBMLMBRI WEN CHAWO SMrmO S B AMOK ROAD #27-U, NMTBUE. WTMX. TOM. I MCI FTC LTD iTIOHAL PLAZA, 4*50 words
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Page 26 Advertisements
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Advertisement318 1985-07-15 26 LUCKY SEAWAY SERVICES 89, Short Street, 10 07 08 Golden Wall Auto Ontre, S pore, 0718 Tel *****55 Tlx 2606} S PORE TO COLOMBO/MADRAS ETA Colombo Madras TBI 25 M 5 A-t 15 ta| S PORE TO EAST NEST MALAYSIA Vessd ETA PR PNG SABAH FONG SIANG MO. 1 In318 words
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Advertisement234 1985-07-15 26 51 REGULAR WEEKLY SERVICE TO BATAM •Ban* Bintang Terang CENTRE HOUSE PIE. LTD. 545 Orchard Rd: #08 09A Far East Shopping Centre S pore 0923 Tel *****22/*****88 fOS son* MB TWSTt Mm »p tar C«mU. MA, lUi(i BMKZIOM STOH S?CK P HUMS BMKXIOM GtMM lht» IM 21 M 22 ta234 words
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Advertisement605 1985-07-15 26 C.Y. LINE (A Member 01 The ACE Consortium) CHO YANG SHIPPING CO. LTD FUUT CONTUCmSCD SERVICE TO EUtOK (VU SUE2I NEPIUNI CRYSTAI JO* MMHRtMCK 7* SfKN U»S MDQ VMM CHEVAIVIA PALA «■>* Lrttertt Rdatn litowe Hbw| Br mi bitntrp 5 1 «/t l/l 10/1 U/l 11/1 12/1 13/1 15/1 17/1605 words
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Advertisement690 1985-07-15 26 gl COMPANW PERUANA DE VAPOREES (C.P.V.) y "PERUVIAN STATE LINE" r A f Loading tor Callao Matarani Do and all ottwf Pfiuran po<ts «ntti transhipment at Hot* JP SI On CPV Ihiough EMh ot lading to Ikul destination M MURRAYEVERETT THONASEYERETT HUGWVERETT Pwunt* P- KHanf 21/23 ki 29/31 U 13/15690 words
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Advertisement342 1985-07-15 26 ZIM NON CONFERENCE MDEPENDENT FULL CONTWPO SXWCE accepts* FCI/ia cargoes to USA East I West Coast Carrt>beaniast Canada and HAITI m mm ZM MOHSUNG ZIM EILAT CONTAINER LINE Spat Uat Innlt tap* Vcacc 21/7 U/l M l 21 I It I 24/1 16 I 23/1 2/5 3/1 31/1 S/9 Acceptmg342 words
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