The Business Times, 23 July 1985
1985-07-23
1
24
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The Business Times
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Title Section12 1985-07-23 1 BUSINESS TIMES M.C. (P) No. 99/1/85 TUESDAY, JULY 23, 1985 60 CENTS12 words
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352 1985-07-23 1 HONG LEONG FINANCE, the biggest finance company in Singapore, has categorically denied market rumours that some of its branches had seen heavy withdrawals. Chairman Kwek Leng Beng last night also assured all depositors that Hong Leong Finance and its 75 per cent subsidiary,352 words
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459 1985-07-23 1 AMY BALAN - Government expected to announce fresh incentives By AMY BALAN THE GOVERNMENT is expected to announce further incentives for small industries in the next few days, in line with its promise to give more attention to this sector. Industry sources said the interest459 words
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Article, Illustration500 1985-07-23 1 Bermama MALAYSIAN Finance Minister Daim Zainuddin has advised fund managers and institutional investors to invest in the stock market instead of allowing herd instinct, poor market sentiment and unfounded rumours to cloud their judgement. Opening a meeting with leading institutional investors and portfolio fundBermama - 500 words
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Article, Illustration316 1985-07-23 1 IN THE MOST ACTIVE trading seen since Budget Day on March 8, the Singapore stock market pushed ahead again yesterday. Share prices rose for the fifth day on the trot. The Straits Times Industrial Index rose by 13.36 points to 769.23 while316 words
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408 1985-07-23 1 LUCY NG - By LUCY NG THE SHIPBUILDING and Marine Engineering Employees' Union (SMEEU), which represents about 3,500 workers in the marine sector, yesterday declared it was prepared to accept lower wage increases this year because the downturn in the industry had reached a "critical"408 words
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450 1985-07-23 1 FOO CHOY PENG - By FOO CHOY PENG THE ECONOMIC Development Board expects investment commitments this year to reach between $1 billion and $1.2 billion, in spite of the slow pace so far. "This is a realistic level which we can reasonably expect in view of the uncertain450 words
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125 1985-07-23 1 Reuter AFP FOUR MEMBER COUNTRIES J of the Organisation of Petroleum Exporting Countries have formally asked for higher output quotas ahead of the organis- < ation's semi-annual ministerial meeting opening in Geneva to- < day. i The head of Ecuador's dele- i gation, DeputyReuter; AFP - 125 words
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Page 1 Advertisements
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Advertisement83 1985-07-23 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Hong Leong buys Rheem (FE), Page 2 Nikon F3P Nikon F3T Nikon F3HP Nikon F3 Nikon FA tho *111 hi s oitiy 5 segmrnt ha'" tkK"-n, Nikon FE2 Nikon FM2 Nikon FG Nikon FG2O Nikon EM Nikon (Nikon) The world's finest photographic system Ci83 words
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Advertisement276 1985-07-23 1 mm SHARE INFORMATION MONEY EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW MILD EUPHORIA is sweeping through some sections of the property market following a relaxation of CPF rules on the purchase of private property in Singapore. But prevailing conditions, especially the high property tax276 words
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Advertisement91 1985-07-23 1 More reports, Page 12 Hock Lock Siow, Pago 13 Asian stocks, Pago 11 "KLM's network nine times round the world. a Thank goodness they stop every now and then!" Wt&y—* KLM's network totals 380,000 kilometres—one of the longest flown by any airline and serves 124 destinations in 77 countries worldwide.91 words
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Advertisement11 1985-07-23 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Trade deficit falls, Paga 211 words
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HOME NEWS
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Article333 1985-07-23 2 YAP BOH HOON - Purchase costs $40m By YAP BOH HOON HONG LEONG (Singapore) has acquired 100 per cent of Rheem Far East, a highly diversified manufacturing company, for $40 million. Rheem (FE) is a joint venture company between Rheem International of New York and Hume Industries (Singapore),333 words
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520 1985-07-23 2 ALVIN TAY, AMY BALAN - By ALVIN TAY, AMY BALAN THERE IS STILL substantial scope for life assurance growth in Singapore in spite of the existence of the CPF scheme, according to the insurance commissioner. Life assurers have also been urged to focus their attention on introducing520 words
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292 1985-07-23 2 SINGAPORE'S trade deficit narrowed to $471 million last month, compared with May's deficit of $700 million. This was also much lower than the $l-bil-lion deficit the Republic suffered in June last year. While Singapore exported $4.19 billion worth of goods last month, it imported292 words
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121 1985-07-23 2 BP SHIPPING has reopened its office in Singapore in an effort to expand the company's business in the region, particularly in the area of offshore operations and engineering services. According to the latest newsletter of British Petroleum in Singapore, Captain G VandenBergh, from BP121 words
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Article, Illustration321 1985-07-23 2 TAKE A BUS RIDE and redeem the ticket for a meal at a topclass hotel. This is the latest promotion idea by the Pavilion Inter-continental Hotel and Superexpress Commuter Services, in a joint effort to boost business. Superexpress operates the Downtown loop service between Shenton321 words
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Article, Illustration239 1985-07-23 2 TERUO OGINO has been appointed general manager of Mitsubishi Bank. Mr Ogino joined the bank in 1962 and has since then held various positions in the bank's branches in Japan and London. He succeeds Kanji Tanaka who has been assigned to the bank's New York branch as239 words
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272 1985-07-23 2 NTUC COMFORT will use its own funds to finance the purchase of vehicles instead of turning to banks loans. Comfort's general manager, Mr Sam Chong Keen, said the cooperative wanted to reduce its cost of borrowing by using part272 words
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81 1985-07-23 2 SINGAPORE MUSLIMS donated nearly $85,000 yesterday to Bangladesh cyclone victims through a donation drive initiated by the Majlis Ugama Islam Singapura. Dr Ahmad Mattar, the Minister for the Environment and Minister-in-charge of Muslim affairs, presented the cheque to Brigadier Feroze Salahuddin, Bangladesh's High Commissioner in81 words
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Article155 1985-07-23 2 ABOUT 1,500 telephone subscribers in the Jalan Pemimpin, Thomson Rise Estate, Clover Park and Jalan Binchang areas will have their numbers changed on Thursday. The changes will affect numbers beginning with 250, 251, 252, 253, 254 255 and 256. They will be changed to 258.155 words
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116 1985-07-23 2 THE MERLION Chapter of the Singapore Jaycees will be organising its 10th anniversary dinner and dance on Saturday, Aug 3. To commemorate the occasion, a sisterhood pact will be signed with Penang Jaycees of West Malaysia to foster closer international relations and to116 words
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Article817 1985-07-23 3 Seminars and courses DURATION TITLE VENUE ORGANISER TELEPHONE Aug 2 ♦or Competitive facturers' AssoAdvantage ciation Technical Training Centre July 22Materials Handling SMA Technical Singapore Manu*****11 Dec 16 Course Training Centre facturers' Association Technical Training Centre July 24 Phonetics Hotel Meridien The Admin Club *****88 July 24-25 Increasing Hotel817 words
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423 1985-07-23 3 LOH HUI YIN - By LOH HUI YIN SINGAPORE COMPANIES should take advantage of India's present liberalised trade and investment policies in spite of some uncertainty about their continuity. "The Japanese moved into India well before these policies were implemented. Their presence is increasingly being felt in423 words
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Article, Illustration493 1985-07-23 3 SHAHRIR ARIFF - By SHAHRIR ARIFF ABOUT 150,000 visitors are expected at the Trade and Industry Fair '85, said to be Singapore's biggest ever exhibition, at the World Trade Centre. The Fair, from this Saturday until Aug 4, is also the first to be organised by493 words
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209 1985-07-23 3 OWNERS OF GERMAN Audi cars in Singapore will soon have their own informal "social club" known as The Audi Owners of Singapore Group. The first meeting will be held tomorrow at Champion Motors' premises in Leng Kee Road. Inchcape group subsidiary Champion Motors,209 words
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111 1985-07-23 3 FIFTEEN local companies will be taking part in the International Computer and Communications Congress (InterComm 86), an exhibition on information technology, computers and telecommunications, to be held in Beijing in September next year. This will be five companies more than the ten which participated111 words
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Page 2 Advertisements
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Advertisement167 1985-07-23 2 AFRICA Every Sunday* at 10.25pm, Air Mauritius flies non-stop from Singapore and arrives in the heavenly garden isle of Mauritius in the Indian Ocean early Monday morning. Later the same day we fly on to Southern Africa arriving that evening. It's the only sameday, same airline connection to Southern Africa.167 words
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Advertisement25 1985-07-23 2 Cremaris Computerised Credit Report fast, factual, facilitating. X> Cremaris Research Ltd 315 Outram Road »06-08 Tan Boon Liat Building. Singapore 0316. Tel: *****22 (7 lines)25 words
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Page 3 Advertisements
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Advertisement181 1985-07-23 3 Take this opportunity to invest in more than one private residence with vour CPF savings when prices are in your favour! $5 V r -2 ■*> ■**1r mm( n t V -V FREEHOLD Residential Showcase CITY MANSIONS CASA ROSITA Showflat Tel: 732-8662 CLEMENTI PARK Showflat Tel: 468-9909 AMBER PARK Showflat181 words
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OVERSEAS
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600 1985-07-23 4 Business law industry faces uncertain future UPI BUSINESS LAW, a US$4O billion a year industry in the US, is facing a future of uncertainty and change as corporations sue less and turn more to their own staffs when they feel compelled to do so.UPI - 600 words
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207 1985-07-23 4 AFP GULF ARABS are showing signs of undernourishment, which now exists side by side with overnutrition, as their traditional diet has been replaced by convenience foods. The sudden wealth which came in the wake of the oil boom, combined with low health awareness, hasAFP - 207 words
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Article, Illustration284 1985-07-23 4 Reuter VICTIMS of the Stava dam disaster were buried in a communal grave yesterday as investigations intensify into the cause of the man-made tragedy. At least 70 of the estimated 200 dead were from Tesero and the nearby hamlet of Stava, which was engulfedReuter - 284 words
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392 1985-07-23 4 AFP TAIWAN'S exports to China through Hongkong have been declining. A report on the value of export orders received by Taiwanese manufacturers, released by the Economic Ministry yesterday, indicated purchase orders placed by traders from Hongkong last month declined for the third consecutiveAFP - 392 words
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249 1985-07-23 4 UPI CANADIAN POLICE are investigating the possibility that an insurance fraud was responsible for the crash of an Air India jet that killed 329 people, a Vancouver newspaper reported. "The information about a possible insurance fraud came from withinUPI - 249 words
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265 1985-07-23 4 Reuter US TRADE Representative Clayton Yeutter said the US balance of trade deficit could reach a record US$l5O billion this year. "The numbers for 1985 are probably going to be the worst that we have ever had," Mr Yeutter said in a televised interview.Reuter - 265 words
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Article352 1985-07-23 4 UPI FORMER US President Richard Nixon said he considered using nuclear weapons four times during his presidency, including a "massive escalation" to end the Vietnam war. In an interview on nuclear diplomacy published on Sunday to mark the 40th anniversary of the bombing of Hiroshima. Mr NixonUPI - 352 words
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WORLD IN BRIEF
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Article77 1985-07-23 4 ISRAEL is trying to reach a secret accord with Amal. the Lebanese Shi'ite militia, to halt suicide bomb attacks in return for the release of 435 Shi'ite prisoners held by Israel. The Sunday Times in London reported that the undated dispatch also said "pro-Syrian nationalist parties" in Lebanon77 words
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Article53 1985-07-23 4 CHINESE authorities have approved a plan for an international airport in the Zhuhai special economic zone, bordering Macau, according to a Hongkong newspaper yesterday. Quoting Zhuhai's Party Secretary Fang Pao, the pro-Beijing daily said China's State Planning Commission and Civil Aviation Administration had basically approved the plan53 words
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Article49 1985-07-23 4 PAKISTAN will welcome modern technology from East or West while remaining committed to its Islamic ideology. President Mohammad Zia-Ul-Haq said at the opening of a chemicals plant near Islamabad that Pakistan would wholeheartedly accept foreign investment and technology, but without compromising the country's interest or Ideology.49 words
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Article76 1985-07-23 4 MOST AMERICANS do not feel President Reagan's recent cancer episode will hamper him in carrying out his duties during the remainder of his second term in office, according to a public opinion poll carried out for Newsweek magazine and released on Sunday. Of those polled. 57 per cent said76 words
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Article69 1985-07-23 4 A COURT yesterday postponed formal arraignment of former Philippine Cabinet Minister Francisco Tatad on corruption charges after he filed a motion for the cases to be quashed. Tatad, who faces five charges, denied that he had taken bribes and said the cases were first filed five years69 words
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Article51 1985-07-23 4 Agencies TWO MORE English Language newspapers are expected to hit the streets in Sarawak soon. The Peoples' Daily, said to be backed by a group of local businessmen, will be in broad sheet. The Daily Sun. believed to be backed by a political party, will be inAgencies - 51 words
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Article834 1985-07-23 4 ARRIVALS Operator Service Local From number time SV SV379 0115 SEL PAA PA2I 0020 LAX/TYO/HKG CAL CI33I 0130 TPE MAS MH601 0720 KUL MAS MH681 0820 KUL MAS MH603 0905 KUL MAS MH67I 0935 KUL MAS MH811 0940 PEN RBA BI42I 1000 BWN SIA SQ103 1005 KUL834 words
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Article, Illustration156 1985-07-23 4 Reuter CHINESE LEADER Deng Xiaoping said a crucial Communist Party conference scheduled for September would bring more young people into the party's ruling politburo, secretariat and central committee. His comment confirmed the opinion of analysts that Mr Deng would use the conference to promote younger,Reuter - 156 words
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Page 4 Advertisements
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Advertisement54 1985-07-23 4 f BALLY cf Switzerland meets the challenge of today E ftlbM A member of the MBM Group The Best of BALLY Is To Be Found At MELWAINI boutiques liwnnies #02-74/75, Shaw Centre Tel: *****42 #02-23, P/aza Singapura Tel: *****29 #01-26/27, Specialists' Centre Tel: *****54 #03-06/07 Scoffs Shopping Centre Tel: *****6054 words
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Advertisement9 1985-07-23 4 Pan Am's New Clipper Class Daily To Los Angeles.9 words
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WORLD BACKGROUND
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Article, Illustration760 1985-07-23 5 While in Norway a person can be sentenced to 20 years for supplying outsiders with information about Nato troop deployment, the culprit in Japan's biggest spy scandal since World War Two ended up in jail for one year. But Japan's ruling LiberalAP - 760 words
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486 1985-07-23 5 Reuter THE UNITED STATES, often criticised by its allies for alleged erratic foreign policy, is emphasising strength, consistency and patience in its approach to problems in Asia. These themes emerged strongly during Secretary of State George Shultz's just-com-pleted trip to South-east AsiaReuter - 486 words
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Article413 1985-07-23 5 Reuter PAPUA NEW GUINEA Prime Minister Michael Somare's Aus-tralian-built car broke down when he paid a call on the Japanese Embassy. He got a lift back to his office in a Japanese model. It was perhaps a sign of the times for Mr Somare, who aReuter - 413 words
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Article, Illustration914 1985-07-23 5 Stalin's practice has fostered smaller avatars elsewhere Mikhail S Gorbachev, the new Soviet leader, has discouraged the use of laudatory phrases that may lead to a cult. But the kind of cult that Stalip built for Lenin and later for himself isNYT - 914 words
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Page 5 Advertisements
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Advertisement143 1985-07-23 5 T u jM J How to enjoy the great outdoors indoors. The unique, stepped-design of Tulip Garden's maisonettes allow more sunlight onto the spacious patios enabling you to take in the sun and fresh air, cultivate a garden, even aerobicise without ever leaving your apartment. High-rise apartments also available. Tulip143 words
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Page 5 Miscellaneous
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Miscellaneous45 1985-07-23 5 Doonesbury BY GARRY TRUDEAU TMACHAN66P mm. in Ma last mm, i MAPSMYLAST OFFICIAL PA&A7 A MARRIEP MAN. m 90S tit m u ■A HKi I MAS THE rTMAS LASr?OH t H&, you,i w I'm very JERK. FLATTERS? I 7 a m is m w t]*45 words
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BANKING AND FINANCE
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Article, Illustration1050 1985-07-23 6 DAVID GABRIEL - Sang Kancil is BT's financial futures trader. Each Tuesday, this column traces his tactics and strategies on Simex. His starting capital was 5525,000, a sum within the reach of most professionals in Singapore. By DAVID GABRIEL "I THINK WE TURNED an important1,050 words
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159 1985-07-23 6 Reuter JAPANESE long-term banks are considering a reduction the coupon rate on their fiv.year debentures to 6.3 per cent from a current 6.6, which should cut the long-term prime rate to 7.2 per cent from 7.5 later this week, banking sources said. AReuter - 159 words
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483 1985-07-23 6 Reuter AMERICAN credit market pressure is likely to persist as the Treasury quickens its financing pace and the Federal Reserve steers a steady policy course. Analysts said hopes for a quick Fed move to lower US interest rates were dashed last weekReuter - 483 words
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382 1985-07-23 6 AP SWITZERLAND'S 50-year-old banking secrecy law is again the subject of heated nationwide debate, a year after Swiss voters rejected a socialist proposal that would have radically modified its rules. Reports that Swiss banks were involved in large-scale money laundering have fuelled the discussion.AP - 382 words
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Article184 1985-07-23 6 Reuter AUSTRALIAN trading bank deposits rose A 5794 million to $40.63 billion in June after rising $15 million to $39.84 billion in May. the Statistics Bureau said. Deposits rose $42 million to $33.75 billion a year earlier. Total loans, advances and bills discounted rose to $32.59Reuter - 184 words
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Article91 1985-07-23 6 THE LOCAL branches of Citibank, Chase Manhattan Bank and Bank of America have lowered their prime lending rates by one-quarter percentage point to 8.25 per cent. The new rates, which took effect yesterday, bring the BT average prime rate of 12 major banks to 8.1 per cent.91 words
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Article59 1985-07-23 6 Reuter THE GERMAN Finance Ministry says it will cut the yield on a number of standing bond issues from today. The coupon on the latest issue of five-year federal savings bonds has been cut to 6.50 per cent from 6.75 per cent. Cuts in yields of upReuter - 59 words
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390 1985-07-23 6 Reuter A SMOOTH WEEKEND devaluation of the feeble Italian lira against major European currencies has been hailed by Community diplomats as proof of the European Monetary System's maturity in its seventh year. They said the 7.8 per cent devaluation agreed on Saturday nightReuter - 390 words
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MONEY AND EXCHANGES
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Article705 1985-07-23 6 SINGAPORE THE US dollar yesterday closed firmer against major European currencies in active trading following news of the lira's devaluation. The dollar ended higher at 2.8950 65 marks against New York's Friday 2.8890 8920 close, but below a high of 2.9225. It closed higher at 2.3780 95 Swiss705 words
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Article312 1985-07-23 6 Interbank rotes at 3pm yesterday: Currsncws Nominal rate* Smithsonian Bid Offer cross parity change Local dollars to one unit of foreign currency: US dollar Sterling pound Australian dollar NZ dollar Canadian dollor ***** 3 0651 1 5723 1 1 145 1 6381 2 2125 3 0687 1 5753312 words
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Article397 1985-07-23 6 EURODOLLAR futures yesterday opened marginally lower than IMM's close and came under selling pressure in view of the bearish technical outlook. After the initial opening at 91.79-91.80, the September contract came under heavy selling pressure which saw the market trading down to a low of 91.75 where support was397 words
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Article249 1985-07-23 6 HONGKONG: GOLD yesterday closed lower under pressure from a stronger US dollar and nervousness ahead of Opec's meeting in Geneva yesterday. Dealers said local physical buying lifted the metal from its lows but light speculative selling pushed the bullion to a close of U*****.00/40 per ounce against Saturday's final249 words
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Article74 1985-07-23 6 THE OVERNIGHT rate on the Singapore interbank money market rose by one point from Friday to close at six per cent yesterday. The one-month term rate rose 1 point while the two- and three-month rates rose by 1 16 each. S$ Interbank rates at 3pm yesterday: OWer Bid74 words
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Article, Illustration301 1985-07-23 6 Asian market ASIAN dollar deposit rates yesterday closed steady at firmer opening levels in quiet afternoon trading. Periods gained 1 point at the outset following higher Eurodollar deposit rates and remained unchanged subsequently with one month closing at B'* eight, three months at 83 16 8-1/16 and six months at301 words
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RAW MATERIALS
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404 1985-07-23 7 AP THE INTERNATIONAL Coffee Organisation is expected to impose penalties next week on exporting countries that have broken its rules, delegates to a meeting of the 75-nation body said. They said the recent performance of prices would also be studied at the five-dayAP - 404 words
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Article180 1985-07-23 7 AFP AN ADJUSTMENT to the quota system of the world's coffee market could ease the sale of carry-over stocks, the chairman of the Coffee Board of Kenya, Stephen Michoma, said. Addressing a delegation of Western Kenya coffee growers on Friday, Mr Michoma explained that Kenya's presentAFP - 180 words
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Article375 1985-07-23 7 in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers Int I RSS Prompt 172 00 *****N 171 00 172 OON Int 1 RSS Aug 85 172 00 172 50 170 50 171 50 Int 1 RSS Sept 85 170 00 170 50 168 75375 words
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Article111 1985-07-23 7 (cents/kg, 1-ton pollers) aI)G 85 SEPT 85 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 144 50 146 50N 145 50 147 SON SSR 50 142 50 144 SON 143 50 1 45 SON MRELB Buyers Sellers Buyers Sellers SMR CV 202111 words
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Article577 1985-07-23 7 COFFEE ROBUSTA coffee futures yesterday continued midmorning weakness to midday with losses of five to £20/ tonne from Friday's close in a thin volume with buyers largely sidelined, dealers said. The market was due higher at the opening but, after initial gains, ran out of steam as sterling577 words
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Article114 1985-07-23 7 Chinese Produce Exchange (Sellers' noon closing prices on July 22 (SS/100 kg). Coconut oil Bulk FOB 100 00 Old drum FOB 113 00 New drum FOB 117.00 Lampong black FOB Asta NLW Coffee API FOB NSW AP2 FOB NSW EK1 FOB NSW Robusta 20/25% FOB NSW 850 00114 words
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Article294 1985-07-23 7 Singapore C-l Ord unq (S$/kilo, ex-godown) Loonzain Rice Frogront new crop i.. no 100% 1st grade 100% 2nd grade unq 215 i 2nd 062 100% 3rd grade unq 3rd 0 60 Parboiled Rice New Crop 5% 215 25% no stock 10% 210 10% no stock Thai Broken Maize unq294 words
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Article100 1985-07-23 7 THE Koala Lumpur tin price yesterday firmed 28 cents to M$3l.V7 per kilo as disposals fell to 51 tonnes from 75 on Friday due to the exhaustion of miners' quotas. The new level is still within the ITA lower range of 29.15 to 32.16. The offering was absorbed100 words
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Article164 1985-07-23 7 Yarn (In HK$ p«r bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,550 Blue Phoenix 20's 2,600 Blue Phoenix 32's 3,000 Blue Phoenix 40's 3,400 Carded yarn, hank Blue Phoenix 21's 2,800 Combed yarn, cones Blue Phoenix 32's 4,200 Blue Phoenix 40's 4,400 Open-end yarn 2,350164 words
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205 1985-07-23 7 AFP THE SOVIET leadership has taken steps to try and cure the country's serious grain shortfall which, on Western estimates, is likely to be 37 million tonnes this year in spite of a better harvest. The Communist Party daily Pravda on SaturdayAFP - 205 words
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513 1985-07-23 7 Reuter AFP TWO WEEKS of International Cocoa Organisation (ICCO) talks have ended in London after failing to provide any hope that a new international cocoa agreement would emerge from another round of negotiations in Geneva next February, delegates said. The decision to make aReuter; AFP - 513 words
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350 1985-07-23 7 Bernama AN ESTIMATED Ms 64 million worth of vitamin E can be recovered from the seemingly worthless by-products of palm oil based on this year's estimated production. This was what a scientist with the Palm Oil Research Institute of Malaysia (Porim) discovered in hisBernama - 350 words
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Article151 1985-07-23 7 SINGAPORE THE MARKET yesterday closed quietly lower with August One RSS buyers quoted at 170.50 cents per kilo, down one cent frorm last Friday. MALAYSIA Initial demand faded away following a lack of purchases by the Inro buffer stock manager. Late speculative selling saw prices close below their highs151 words
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Article119 1985-07-23 7 LATE short-covering yesterday lifted Malaysian crude palm oil prices above the day's lows, after a weaker Chicago soyoil close last week depressed early levels. Trading was thin with sellers reserved at the low levels. July deliveries in the south and central regions fell Ms2s to $985 and 5977.50119 words
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Article175 1985-07-23 7 UPI A SOUTH KOREAN resources exploration team has struck lead and zinc ore deposits estimated to total 10 million tonnes, Energy-Resources Minister Cho Dong-Kyi has said. The deposits are located in the Taebaek mine area 176 km south-east of Seoul, according to Mr Cho. AUPI - 175 words
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172 1985-07-23 7 Reuter INDONESIA has eliminated its 5 per cent export tax on palm oil to encourage exports. A Finance Ministry spokesman said the 5 per cent tax was introduced in April to reduce exports, because there was a domestic shortage then. The new rulingReuter - 172 words
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Page 7 Advertisements
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Advertisement138 1985-07-23 7 iqBs Friday 16th August 19»». R by EDP M8.1.M- no in Business r tirm specaate 9 application Se V ous ,ness P'f"™"® Ces To unde>siand corpo ra e a corp° ra,e o, T^J,c and changing S a,e9,eS eanS env?onment. business execu«no *an. $150 Members Others 1 information Systems 31st August138 words
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FEATURES
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Article489 1985-07-23 8 MILD EUPHORIA is now sweeping through some sections of the depressed property market which had been hard put to find anything to be cheerful about in the past 12 to 18 months. Following the announcement that Central Provident Fund savings can be used to buy a second489 words
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Article, Illustration1721 1985-07-23 8 PAUL LEWIS - By PAUL LEWIS NYT IT'S LATE. A huge moon gleams across the bay, etching craggy mountain tops in silver. The Mediterranean slaps softly against miles of empty sand. But Dany Stabielli, the indefatigable chief of the Club Mediterranee Village in Cargesee, Corsica, is still dancing the cha-chaNYT - 1,721 words
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Page 8 Advertisements
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Advertisement38 1985-07-23 8 THE GREAT COMPOSERS AM) 1111 IRML'SIC gg.w SYMPHONY NO 5 CMttiPOPIS67 %>t r ~r 7 ZM>. i-f iir ?V m < i s 'jf t k. Jk^ r rs V M ■■•'£SQSV to* 1 O3® o \v>s rl i38 words
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Page 8 Miscellaneous
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Miscellaneous701 1985-07-23 8 CRYPTIC PUZZLE ACROSS 3 The form of many an onimal (5) 8 Court of Patrick the Lionheart (5) 10 An author always hides her (5) I I Personal punishment (3) 12 Kenneth |Oins some Yonks abroad (5) 13 Praiseworthy success on the sands (7) 15 Novice priest seen at the701 words
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SPORTS
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Article, Illustration931 1985-07-23 9 First Open title for Briton since Tony Jacklin's win in 1969 SANDY LYLE, after enduring "the longest wait of my life," was amply rewarded when he won the biggest prize in golf, becoming the first Briton in 16 years to capture the British Open. Lyle, a931 words
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Article363 1985-07-23 9 AP No. 1, 445 yards, par 4: Driver to right rough, 8-iron short of green and in rough, chip to green, two putts from 35 feet. Bogey. No. 2, 316 yards, par 4: 3-wood to fairway, sand wedge to green, two putts from 12 feet.AP - 363 words
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262 1985-07-23 9 Reuter BERNARD HINAULT became only the third man to win five Tours de France in Paris on Sunday, racing home along the Champs-Elysees to seal his victory. The 30-year-old Breton joined fellow Frenchman Jacques Anquetil and Belgian ace Eddy Merckx in theReuter - 262 words
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Article, Illustration311 1985-07-23 9 Reuter CHRIS EVERT LLOYD overcame a slow start to maintain her perfect record against Pam Shriver and claim the U5527,000 top prize at the Newport women's tennis championships. The top-seeded Lloyd, unbeaten in 15 matches with Shriver, scored a 6-4 6-1Reuter - 311 words
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432 1985-07-23 9 AFP ALAIN PROST of France drove a storming race in his McLaren to win the British Formula One Grand Prix in Silverstone, Central England on Sunday after a ferocious battle with the young Brazilian, Ayrton Senna. Senna, in a Lotus Renault, led from the firstAFP - 432 words
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489 1985-07-23 9 ANNA TEO - By ANNA TEO MALAYSIA'S Davis Cup player Rudy Foo has been seeded tops in the first tournament of the Singapore Circuit '85 starting this Friday at the Singapore Tennis Centre. Thirty-two men, including six Malaysians, and 13 women have entered for the489 words
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160 1985-07-23 9 AP MARY DECKER SLANEY says Zola Budd should take a break from running after her fourthplace finish in their Olympic rematch that turned out to be a mismatch, but Budd says she'H be back on the track today. The 26-year-old American, fresh from winning theAP - 160 words
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Page 9 Miscellaneous
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Miscellaneous1073 1985-07-23 9 to mu mm GALWAY IN JAPAN 8.00 pm, Channel 12 Flautist James Galway tours Japan in a space of a few weeks. He visits all the major cities, takes part in TV and gramophone recording sessions with Japan's top musicians, and appears as both soloist and conductor at concerts. PJAMES1,073 words
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Miscellaneous86 1985-07-23 9 flT IS VERV IMPORTANT TO GET A BIG SHOULDER TURN A6 DO, IP NOU WANT TO HIT THE BALL A LONG WAN rAN SHOULDER TURN THROUGH NMJCH MORE THAN A QUARTER CIRCLE ON THE BACKSNNING IS ACHIEVEP BS PULLING THE CLUB UP AND BACK WITH THE RIGHT PWA ANP HAND....86 words
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INTERNATIONAL COMPANY NEWS
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478 1985-07-23 10 LISA LEE - By LISA LEE THE SHERATON hotel chain is negotiating to manage at least six hotels in key cities in China and expects to announce the outcome before December. Discussions with the Chinese government and private investors who own the hotels478 words
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489 1985-07-23 10 Profits of IBM in the second quarter fell by 12.9 per cent to US$l.4l billion from a year earlier and Control Data's dropped by 80.8 per cent. Analysts see the profit downturn as the clearest example of the second-quarter earnings picture. NYTNYT - 489 words
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522 1985-07-23 10 Reuter FORCES LARGER THAN Opee will push oil prices lower and have led US analysts to caution against further investment in oil company stocks. Analysts said the forces of supply and demand are in control of oil prices, not Opee. RegardlessReuter - 522 words
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226 1985-07-23 10 Reuter PROFESSOR Jim Gower, commissioned by the British government to report on investor protection in Britain's financial markets, said the government's own proposals should work provided there was only one supervisory body involved. Professor Gower was commenting last Friday in the secondReuter - 226 words
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Page 10 Advertisements
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Advertisement623 1985-07-23 10 a 21 W TONIGHT Roast Leg The Chef carves at 8.15 pm every Tuesday and Thursday at the Baron's Table In the best European tradition of old, our Chef will ceremoniously carve a succulent roast, done to a turn, on the one and only roast spit in town. Treat yourself623 words
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ASIAN STOCKS
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Article430 1985-07-23 11 HONGKONG: Share prices closed at an almost four-year high yesterday with property stocks and utilities leading the way after interest rate cuts last week. Dealers said a late buying spree by South-east Asian and British institutions sent the Hang Seng index up 10.98 points to 1689.85 after dropping slightly430 words
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Article277 1985-07-23 11 NT Lien Hwa Indus 9 65 -07 JULY 22 Nan Yo Plos 24 90 -0 3 -0 07 Pocrfic Cons 1500 -0 5 Al Sincere Indus 1 79 Pocitic Elect II 65 -0 55 Asia Cement 20 40 •0 6 Wire Cathoy Cons 22 00 -06 Poolung Poper 0277 words
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Article471 1985-07-23 11 SYDNEY: Australian stocks closed at a record high yesterday propelled by firm support for mining stocks in the wake of an easier Australian currency and concern about South Africa's state of emergency. The All Ordinaries Index rose by six points to 926.2, 3.9 points above the previous record set471 words
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Article421 1985-07-23 11 TOKYO: Share prices yesterday closed slightly lower in moderate trading as the market paused after recent sharp rises and falls. The market average dropped by 26.00 to *****.66. Turnover was 400 mil- Hon shares compared with 320 million shares in Saturday's half-day trade when the market rose by 9.12.421 words
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Article130 1985-07-23 11 MANILA: Prices closed little changed yesterday in quiet trading. The Mining Index rose by 4.98 to 700.78 while the Commercial and Industrial Index was unchanged at 129.26. The Oils Index was unchanged at 0.735. JULY 22 Pesos Morsteel Oriental B ***** ■***** Acote Mining 0 0012 0 0002 Ph4ex130 words
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Article142 1985-07-23 11 Reuter BANGKOK: Share prices eased in featureless and lacklustre trading yesterday with the Book Club Index dipping by 0.24 to 141.36. Daily turnover totalled a low 186,542 shares worth 24.6 million baht, compared with last Friday's 186,850 worth 33.4 million. JULY 22 lohU S*om Cement 627 unch Siom CitizenReuter - 142 words
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Article83 1985-07-23 11 JULY 22 Won Hyurxkn Const 914 Hyundai Motor 739 Bonk Seoul 689 9 K AL 443 Choheung Bk 640 10 Korea Frit 722 Coownerciol Bk 730 1 Yukong Koreo Sf*p 1399 Doefcm Ind 442 2 410 Doewoo Cofp 455 -7 Lucky Ltd 619 Daewoo lod 609 unch Samsung Co83 words
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Article60 1985-07-23 11 Reuter CTB AUSTRALIA, a unit of Commonwealth Bank of Australia, made a US$l5 million eight-year loan to finance the construction of First Hyatt Hotel in Tianjin, China, a joint venture between Leehia Ltd of Hongkong and China's Tianjin First Hotel Ltd. Bank of China will financeReuter - 60 words
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Article477 1985-07-23 11 IHT THE BIRTH of a new airline that may begin chartered flights to China this month is prompting authorities to update the British colony's aviation policy. Confusion exists over whether the new carrier, Hongkong Dragon Airlines Co, will eventually be controlled by Hongkong or Beijing.IHT - 477 words
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Article86 1985-07-23 11 AFP A GOVERNMENT-ap-pointed licensing committee has rejected a proposal by Pepsi-Cola International of the United States to manufacture the soft drink in India. The Economic Times newspaper said the main reason for disallowing the entry of Pepsi-Cola in India was apparently on the groundsAFP - 86 words
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Page 11 Advertisements
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Advertisement514 1985-07-23 11 For Business Or Pleasure, Lunch At TMe Elizabethan Grill NlMir Today's Specialties: Rock Melon with Port Parma Ham Fresh Local Lobster 'Raffles' with T&rragon Herb Sauce or English Roast Beef on the Wagon Home-made Kiwi Sherbet For reservation, please call *****41 ext 174. Free parking in front reserved for our514 words
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Advertisement122 1985-07-23 11 M M Savoury Delights Await You At MIRX- fiOVlft o 3 Camphor Tea SmoM IMtdt fer+rrM hHtmfl ftd Harm/ <J Kim rrmrm M Ut h CaUSMLaiatrn «rt j ■>, Hong Kong Dian Xih BUKIT timah rd available during lunch! ~xT 'I E^.T2. N < v-\ r for reservations call mo7^>122 words
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SHARE INFORMATION
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Article, Illustration4796 1985-07-23 12 WAVES OF BUYING drowned profit-taking on the Singapore stock market yesterday. For the fifth consecutive day, share prices closed higher in active trading. At the close, the Straits Times Industrial Index was 13.36 points up at 769.23 while the BT Composite Index4,796 words
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Article270 1985-07-23 12 Peak Hue M A A Roleigh Amcol 2S( 1 C B Doh Yung Lorut Tib C A C Hum* M M Bonking Sigma Metol K L Kepong Sel Coconuts SINGAPORE Rises Indices 366 > 76 19 22 2150 50 'T Composite 661 58 674 17 194 >24270 words
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Article4857 1985-07-23 12 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 Contracts are quoted after the word "SETT".4,857 words
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Page 12 Advertisements
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Advertisement0 1985-07-23 12 ^-,%~$`!_~-*$$/-@!&}:$>@$}]$>,<0 words
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COMPANY NEWS
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386 1985-07-23 13 THE KUALA LUMPUR stock market continued to put on a strong showing yesterday as buyers rushed in on bullish news at the weekend. Interest was focused on industrial and finance stocks, many of which recorded double-digit gains. However, a few issues closed off-best386 words
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Article3470 1985-07-23 13 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 (1 728) (I) I 70 AISB (03,470 words
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674 1985-07-23 13 HOCK LOCK SIEW - By HOCK LOCK SIEW BULLISH NEWS over the past few days has helped the Singapore stock market to recover from its grossly oversold position which brought the Straits Times Industrial Index to a 30-month low of 718 last Monday. Technicians could argue674 words
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309 1985-07-23 13 CHAN OI CHEE - By CHAN OI CHEE LEADING SOFT-DRINKS and food-based giant Fraser Neave is studying ways to restructure its Malaysian operations to comply with the country's New Economic Policy requirements. "This cannot be accomplished by selling off part of the Malaysian business; rather we see it309 words
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Article257 1985-07-23 13 Managers' prices for July 23 MARA-Bumiputra First B'putra 5 03 5 08 Second B'putra 4 60 4 65 Singapore Unit Trust Third B'putra Fourth B'putro 3 80 3 85 4 21 4 26 The Commerce 1 68 1 78 Fifth B'putra S»xth B'putra 2 82 2 87 The257 words
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Article104 1985-07-23 13 HONGKONG Friday 1347.1 Hong Seng Index Week ago 1324 9 Monday *1689.85 Friday 1678.87 NEW YORK Week ago 1640 49 Dow Jones Friday *1359.54 TOKYO Thursday 1350 92 Week ago 1338.60 Tokyo Dow Jones Monday *****.66 Friday *****.54 Standard Poors Week ago ***** 77 Friday 195.13 Thursday 194.38104 words
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Article104 1985-07-23 13 THE STOCK EXCHANGE of Singapore has queried Pan-Electric Industries and Allied Ck*c*l»te Industries on two reports, "Pan-El plans to raise $100 million through a loan stock issue" and "Fan deal may help choc firms". They have been asked to provide an announcement immediately for public release. MPH INVESTMENTS104 words
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Page 13 Advertisements
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Advertisement355 1985-07-23 13 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 PURSUANT TO SECTION 290(2) (b) AND IN THE MATTER OF POLYFISH TRADING PTE. LTD. At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road. #12-01 12-11 Golden Mile Tower, Singapore 0719 on355 words
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Advertisement532 1985-07-23 13 M(iiiii itiiI—vjlli "^i; The National Bankof Kuwait sak Head Office: Abdullah Al Salem Street, PO Box 95 Safat, Kuwait. Balance Sheet At 31 December 1984 Profit and Loss Account For the year ended 31 December 1984 1984 Kuwaiti Dinars Auditors' Report To the Shareholders of The National Bank of Kuwait532 words
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Article520 1985-07-23 14 LEE HAN SHIH - Decision will contribute to company's viability By LEE HAN SHIH PAY CUTS for about 3,000 Hew-lett-Packard staff in Singapore, including its two managing directors, will help the company remain viable by saving $1 million in less than three months. Citing sluggish conditions in the computer520 words
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Article522 1985-07-23 14 LISA LEE - By LISA LEE WHILE SOME DEVELOPERS see the relaxation in the use of CPF funds as a welcome relief, others in the property sector feel that more changes are needed if they are to have an impact on the market. The changes announced yesterday,522 words
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Article450 1985-07-23 14 FURTHER liberalisation on the use of CPF savings can be expected before the end of the year with the amendment of the CPF Act. First Deputy Prime Minister, Mr Goh Chok Tong, announced on Saturday that CPF savings would be released for the purchase of450 words
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Article946 1985-07-23 14 SHARE PRICES yesterday opened mixed in quiet trading mainly influenced by weekend press comment. Operators awaited the outcome of this week's Opec meeting and ICl's second quarter results on Thursday. The FTSE 100 Index at 0845 GMT was little changed at 1251.5, down one. Boots dropped seven points946 words
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148 1985-07-23 14 THE KUALA LUMPUR High Court yesterday allowed applications by Petronas and the Malaysian government to strike out an action brought against them by a lawyer who had challenged the legality of Petronas's acquisition of Bank Bumiputra. But Mr Justice Harun Hashim awarded costs148 words
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Article180 1985-07-23 14 Reuter THE ITALIAN LIRA recovered some of its value against the US dollar yesterday after the European monetary authorities moved to restore order to the foreign exchanges in the wake of the lira's sudden collapse on Friday. Dealers with Italian and foreign banks in Italy's financialReuter - 180 words
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419 1985-07-23 14 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI INTERNATIONAL accounting firm Deloitte Haskins and Sells has secured a tie-up with one of Malaysia's top accounting firms in a move to further strengthen its presence in the rapidly expanding market of South-east Asia. Kassim, Chan Co, an accounting and419 words
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126 1985-07-23 14 Reuter INDONESIA'S oil refinery at Balikpapan, East Kalimantan, has been completely shut down for about one month because of problems with its vacuum unit, a spokesman for the state oil company Pertamina said. The plant, which has the capacity to process 265,000 barrels of oilReuter - 126 words
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Article72 1985-07-23 14 Reuter THE stock market yesterday retreated in early trading after last week's rise to record levels. The Dow Jones industrial average was down three points to 1356. Declines led advances by a seven-three margin on a turnover of 8.19 million shares. G D Searle led the actives,Reuter - 72 words
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LATE FILE
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44 1985-07-23 14 AP CHINA warned the US yesterday that it could buy fewer American goods if the Congress passes a Bill to cut Chinese textile imports, and called the legislation a "severe test" of trade relations between the two countries.AP - 44 words
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Article38 1985-07-23 14 Reuter PRESIDENT REAGAN returned to work yesterday, just nine days after cancer surgery, preparing for talks with Chinese President Li Xiannian and under pressure to get back into the budget fight in Congress. ReuterReuter - 38 words
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Article35 1985-07-23 14 Reuter EUROPEAN Economic Community foreign ministers yesterday called a special conference on Sep 9 to discuss proposed controversial treaty changes that could water down the authorities of national governments. ReuterReuter - 35 words
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Article58 1985-07-23 14 UPI A BOMB wrecked the office of US Orient Airlines and another exploded between a synagogue and a Jewish old peoples' home in central Copenhagen yesterday, injuring more than a dozen people, police said. No deaths were reported. About 10 people in the office wereUPI - 58 words
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Article31 1985-07-23 14 Reuter PRESIDENT MARCOS accused the foreign media of exaggerating the situation in the Philippines, saying that although communists were a grave threat, economic recovery had begun. ReuterReuter - 31 words
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70 1985-07-23 14 UPI A CHINESE COURT has rejected a defence bid for a new inquest into the cause of a North China hotel fire allegedly set by US businessman Richard Ondrik in which 10 people died. Ondrik, 34, of Houston, Texas, faces a maximum sentence of sevenUPI - 70 words
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Page 14 Advertisements
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Advertisement82 1985-07-23 14 SAVE EXPENSES. GET A COMPLETE OFFICE FOR THE PRICE OF A ROOM. Complete services provided with conference room, switchboard operator and access to modern office equipment such as word processor, telex, facsimile, photocopier, etc. Rates from SsBoo *****0. Special rates can be arranged for longer term lease World-Wide has a82 words
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Advertisement425 1985-07-23 14 Fundamentals on Data Processing for Accounting Financial Managers August 22-23,1985 (2 days) Seminar Content Basic computer technology What support to expect from Computer hardware computer systems The use of software The future for integrated How to build successful financial systems computer systems Objective This seminar is specially designed for any425 words
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Page 14 Miscellaneous
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Miscellaneous57 1985-07-23 14 Outlook for today: Cloudy with showers over several areas from the late morning onwards. Report for 24 hours prior to 7 30pm on July 21 at the airport: Maximum temperature 30.2 Associated humidity 69 Minimum temperature 23.7 Associated humidity 96 Hours of sunshine 2.65 Rainfall in millimetres 1.1 Rainfall this57 words
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SHIPPING TIMES
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119 1985-07-23 15 SEVERAL ORDERS for newbuildings at South Korean shipyards are being postponed and, in some cases, final delivery is being rejected by foreign owners. According to the Tokyo Daily "Kaiji", Daewoo is said to have been asked to put off construction of eight 40,000 dwt119 words
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Article, Illustration315 1985-07-23 15 G DURAIRAJ - By G DURAIRAJ A MALAYSIAN-owned container ship planning company which commenced operations last October has managed to corner a significant share of the market at Port Kelang. Tunas Planner Sdn Bhd now services seven shipping lines and consortia which account for nearly315 words
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345 1985-07-23 15 EGYPT IS poised to go ahead with the construction of a new port at the Suez Canal, south of Port Said at a location between canal-kilometres 7.5 and 40. The new multi-purpose facility will be Egypt's third new port, after Dhekeila345 words
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PORTSIDES
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Article97 1985-07-23 15 Reuter THE STATE-OWNED Thai Maritime Navigation Co (TMNC) said it will invite private investors to subscribe to a 40 million baht increase of its registered capital. TMNC general manager Virawong Phitayaphan said the equity offer has been endorsed by the Finance Ministry, but is still subject toReuter - 97 words
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Article104 1985-07-23 15 Reuter MEMBER LINES of the Japan/India-Pakistan-Gulf/Japan Freight Conference said they will raise their currency adjustment factor (CAF) to eight per cent from 3.5 per cent on all Japan westbound shipments from July 21. The Bay of Bengal/Japan/Bay of Bengal Conference will raise its CAF on Japan/westbound shipments toReuter - 104 words
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Article101 1985-07-23 15 THE SETTING up of a joint Iranian-Soviet shipping company was still under discussion between the two countries, Ali Mahmoudi, Deputy Minister of Roads and Transportation and managing director of the Ports and Shipping Organisation, said. He said several meetings had been held to discuss the project, in which101 words
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779 1985-07-23 16 Lloyds Shipping Economist CONTAINER CARRIERS on the US liner trades continue to express concern over the erosion of freight rates while shippers strive to secure the most advantageous rates available to help them compete in export markets. With both parties pulling in oppositeLloyds Shipping Economist - 779 words
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502 1985-07-23 16 Reuter AFTER 20 years of scouring the ocean floor for all that glitters, treasure hunter Mel Fisher said he has hit a US$2OO million jackpot of sunken riches from the wreck of a Spanish galleon near Key West, Florida.Reuter - 502 words
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Article129 1985-07-23 16 OCEANIC Finance Corporation, the Bermuda-based shipping finance and investment group, has elevated Mr Geoffrey Dodsworth to chairman of Oceanic Financial Services in London. He also becomes deputy chairman of the parent company in Bermuda. Mr Simon Leatham has been appointed president and chief executive officer of both129 words
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Article695 1985-07-23 16 AB Shpg V 5 Afea Line VI 3 APC Line V 4 APL III 2/3 Anro Service IV 3/4 ANL 1 1 ASCL IN 1 Bait-Canada Line VII 4/5 Bait-Orient Line VII 4/5 Bank Line V 5 BBS II 4/5 Bayswater Shpg V 3 Ben Line Cont695 words
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Article1179 1985-07-23 16 A DECLINE in the rate paid for grain on Friday from the US Gulf to Venezuela to US$7.5O has featured the freight market, brokers said. This level compares with $8.75 previously although this was on ihe basis of two discharge ports. The surplus of tonnage together with a1,179 words
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208 1985-07-23 17 AFP THE SOVIET IJNION has warned that navigation in a 5,000 square kilometre area in the Norwegian sea could be dangerous until tomorrow because of a major naval exercise there, said a North Atlantic Treaty Organisation (NATO) spokesman over the weekend. Soviet warships,AFP - 208 words
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504 1985-07-23 17 Lloyd's List SIX WEEKS after the Japanese government decided to allow the shipping industry to move high cube containers (9 ft 6 in) on the nation's roads, the issue is once again on the brink of escalating into a full-blown trade disputeLloyd's List - 504 words
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191 1985-07-23 17 AP IRAQI warplanes crippled a ship on Sunday in the Gulf near Kharg Island, Iran's main oil terminal, a military spokesman said. The "large maritime target" was raided at 9:40 am (0540 GMT), an Iraqi military spokesman said on the state radio. HeAP - 191 words
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Article210 1985-07-23 17 S«pt 15-19 74th annual convention of the American association of Port Authorities, Portland, Oregon. Sept 16-19 Cadmo 86, international conference on computer aided design, manufacture and operation in the marine and offshore industries, Washington, DC. Oct 6-10 Offshore computers conference and exhibition, Aberdeen Exhibition and Conference Centre, Aberdeen.210 words
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Article100 1985-07-23 17 THE NORWEGIAN Shipowners' Association has called for a new debate on Norwegian membership in the EEC. Some 60 per cent of income of the Norwegian merchant fleet comes from transporting cargo between EEC countries. The association asserts that the EEC is in the process of100 words
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Article189 1985-07-23 17 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.189 words
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Article103 1985-07-23 17 INTERMODAL container cargo at the Port of San Francisco rose by 88 per cent to 1.78 million revenue tonnes in the fiscal 1984-85 year, said Mr Ron Stone, director of maritime affairs. The Maritime Review and Intermodal Transport News quoted port officials attributing much of the103 words
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Article, Illustration5444 1985-07-23 22 §®aBG)(DllB 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 of5,444 words
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Article678 1985-07-23 23 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Uni Pioneer 007L 23 7 85 2300 G Asia F1 0900-1100 N3 Ms Mango 8530N 237 85 2300 Maersk F5 0930-1100 U2 Pegasus P 387N 237 85678 words
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Article1702 1985-07-23 23 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 Line Afncon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK)1,702 words
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Article341 1985-07-23 24 AFP DESPITE a general improvement in activity last week on the tanker market, which traders attributed to weaker oil prices, there is still a glut of tonnage, and most owners still seem willing to accept extremely low rate levels as an alternative to lay-up. Prospects for employment areAFP - 341 words
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Article487 1985-07-23 24 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 23.7 85/1830 Kota Wangi K31 PIL alongside Lai Giang K21 NAPL alongside 23.7.85/1500 No 6 Donam K22 NAPL alongside 23.7.85/1830 Raiah Brooke K25W SSPL alongside 23.7 85/2300 Turkmeniya/P K1 SinSov alongside 23.7.85/1000 Kap Mezentsev K9 Sinsov 23.7.85/0700487 words
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Page 15 Advertisements
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Advertisement792 1985-07-23 15 Monthly from Pitman Available at all good bookshops and newsagents A MEMBER OF THE C.Y. TUNG GROUP OIUENT OVEIQEAS CttUcuMVl LME Agents: AM* jmmc vmrm agewces («n- PFvST 70 Stanton Way #04« Marina Hon* Singapore 0207 WWIJ Tel *****11 Tele. NO B ***** CFS OFFICE TPC #03-079 T«J *****31 *****3}792 words
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Advertisement76 1985-07-23 15 wm CONTAINER CARRIERS on the US liner trades continue to express concern over the erosion of freight rotes. Page II SIX WEEKS ofter the Japanese government decided to allow the shipping industry to move high cube containers on the nation's roads, the issue is once again on the brink of76 words
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Advertisement1044 1985-07-23 15 SALT-ORIENT LINE Baltic Shipping Co Refubr Services from South East Am to United Kingdom and NOfln uonunem* rOrTS Agent: Singapore Soviet Shipping CoPteLtd Tel: *****3 MAERSK LINE ?pore EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASIA 'Singapore Clovng T«"*s CT 29/7 1100 HRS CfS 28/7 2300 HRS To California1,044 words
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Page 16 Advertisements
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Advertisement431 1985-07-23 16 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South Wnt FMdtr at Tokyo Pacific North Wast Faadar at Koba Atlantic/Canada Faadar at Koba f*t4m W FABRY MX GLORY ACE Mottwi VSL TOWQ a n oar a N OSIT M v ma Also accepting LCL Cargo lor USA Porta only. Veuel "T TOHGO431 words
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Advertisement320 1985-07-23 16 -The Supercarrier Service 1U358 BAftBER IMP* N ROTTERDAM BMK* TIMS N ROUEN BARBER PERSEUS NEXT AIWtVAIS BARBER HECTOR 26/7. BARBER PRIAM 6 8 BARBER TOBA 12/8 N ROCHESTER 6/9 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA Mm acceptng cartrt to Houston (MLB). S Francoc* Oakland Stockton and Ski320 words
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Page 17 Advertisements
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Advertisement1106 1985-07-23 17 Mansfield Container Shipping Pte Ltd The Straits Steamship Group m m STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Overseas Containers Limited I cohtaiwrsmp service !0/fROM Bangkok OSAKA BAT LIVERPOOL BAY HONGKONG EXPRESS KOWLOON BAT BENALDCR CITY OF EDMURGH FRAWFURT EXPRESS CARDIGAN BAT KAMAKURA MARU LIVERPOOL BAT Also1,106 words
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Advertisement806 1985-07-23 17 Franco Belyian Services F+r Kan Prr+tk wu B< /vaw Far KaU**n L »njj) (MEMBER OF ACE CONSORTIUM) FULL CONIMCt SIRWCE TO EUROPE mi coMTucnw snwct from ntow STOW PWLIWGIe Har»e R dam F Slowe Ham BHa ten Ml 24 U <22 U) 12 Auf 13 Ao, IS Auf 17 Ati(806 words
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Page 18 Advertisements
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Advertisement406 1985-07-23 18 Hapag-Lloyd TO CONTINENT/UK EXPORTS Osaka Bar tn« port Bar Hongkong Eipress kovrtoon Bai BenaMer City of Ednbur[h Frankfurt Eipress Canftgan by On carriage to Scandinavia. Med, Carribean &S. America Inland haulage to inland destinations in Europe I TO EUROPE/MED pore PKelangPenangLeiioesßibao Genoa Hburj Rdam Bhaven Antwerp ton Tounus 28/7 30/7406 words
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Advertisement450 1985-07-23 18 Wrff JK.&.line *j*/« I- V FULLY CO NTAINERISED SERVICE TO EUROPE VIA SUEZ A Mew<>er o< W** Ace Cowrtwn I'djm filom* H'bw| Antwerp 13 8 IS 8 1/8 ?0 8 708 77 8 74 8 7/ 8 27 8 8 31 8 3 9 3 9 5 9 7.9 10450 words
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Advertisement639 1985-07-23 18 f Hal Sun Hup Co (Pte) Ltd A**"' TEL: *****06 (20 Lines) TLX R*****1 RJ R*****2 |jtV ;AST| UN \l( I.INKU. I.Tl»'. Specialist in RO/RO Service Accepting heavy-lifts upto 80 K/Tons Sailings from Japan Vessel SMI KOCH W34 SCKI NAGOYA *31 MSSHO MAftU V 44 Still IMTSUYAMA VIS Still AKCSHI639 words
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Advertisement696 1985-07-23 18 EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) SGP HKG KSG KIG PUS OS* ITO KSN CKS KTC Ul «C FLI ROM AMR IHV SGP UN FORWARO EVER GOVERN 20/7 X/l JO I 1/9 J/J EVER GIORV 31/7 5/1 0/1 l/l 11/1 IJ/I 14/1 2/9 6/9 1/9 10/9 20/9696 words
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Advertisement368 1985-07-23 18 US I NOSE MARITIME PTE LTD TO PAPUA NEW GUINEA/ SOUTH PACIFIC SPORE PKelanf Loadnf tor: OCEANIA QUEEN 29/7 Jayapura, Lae. P. Moresby. Rabaul. Kieta. Honiara. Noumea KYOWA BREEZE 25/8 Wewak. Lae, P Moresby. Honiara Kieta. Rabaul. Madant. Alotan. Kimbe (OQ Aho acceptof cargoes for Fl3l (Suva/Lautoka and S. PACHC368 words
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Page 19 Advertisements
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Advertisement920 1985-07-23 19 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 VESSEL KOTA RAJA KOTA RAKYAT KOTA RATNA KOTA JAVA KOTA WIRAWAN KOTA MEGAH VOYAGE E-575 E-577 E-57» E-561 E-583 E-585 EAST AFRICA/REDSEA SERVICES HONGKONG SINGAPORE LOADING FOR LOADING f-UM: MUKALLA. ADEN. HOOEIOAH, ASSAB. JEDOAH. AQABA MOGADISCIO. MOMBASA.920 words
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Advertisement853 1985-07-23 19 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS COMAKER SERVICE FROM l)K/CONTINENT HAM BHAWNADAM HAVRE Liverpool Bit SidedSaAed Sided Sited Honftonf E ipresi Sided Sited Sided Sided KowtDor Bi» Sided Sided Sided Sided BeniMir SadedSaded Saded Saded Kasugi Mara 24/7 26/7 27/7 City ot E(Mx>|k 27/7 21/7 30/7 1/1 Fraaktwt853 words
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Advertisement635 1985-07-23 19 DJAKARTA LLOYD INDONESIAN NATIONAL LINF FAR EAST TO/FROM S PORE CONTAINER SERVICE MAIAPAHT GO** <?? HB BUSAN TOKOHAtU 14/7 11/7 a/7 nn KAOHSUK nn 31/7 S PORE TO JAKARTA/SURABAYA aa: iKt.i .u EXPRESS WEST BOUND "MM lAIAH VUNB SWIWAYA VI4NB sruuMK viowe KUTAI V«NB TO EUROPE 29 31/7 J S/l635 words
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Advertisement632 1985-07-23 19 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loadng for Rangoon Spore P.KeUo( Pen** Ptushwe(yawywa V256W In Pt/24 Jul Lo*a« VIOIW 30/31 U Htoneywa V2O3W 31Jul/2 Au£ Ptushwejyawywa V257W 10/12 Auf BANK LINE EXPRESS SEMI-CONTAINER SERVICE TO UK/CONT SPORE R OAM HULL HMBG MEADOW BANK 1 Aug632 words
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Page 20 Advertisements
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Advertisement1288 1985-07-23 20 \®."K"line KAWASAKI KISEN KAISHA, LTD. ECUADOR/PERU/CHILE FEEDER VSI MOM* VSI STORE PKIG PNG STORE KOBE GUAYAQUI CAUAO ARICA IQUQU AFA6ASTA S ANIOMO VALPARAISO ASIA STAR *31 TBN VSI Stied 19 M 21 U 23 M t Aut 25 S«p 2 Oct Oct 7 Oct I 0c« 11 Oct 1J Oct1,288 words
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Advertisement409 1985-07-23 20 'M CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE losing (Of lOS ANGEIES SAN ERANCISCO SEATTLE lACOMA VANCOUVER BC Accepting FCI FCI Containers AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCI FCI Contoners P Keljng Spate CHAMDIOAS 75/76 My RAMOAS 2/3 Aug 4/5 Aug MBIRDAS 7178 Aug 29 30 Aug RAVIOAS 11/18 Sept409 words
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Advertisement429 1985-07-23 20 SANKD ASIA FROM JAPAN*S€ POUTS AMO MOMOKOMC 1 SANRO SCORPIO 2 HAKRAISAN MARU 3 IRtSAKTI 4 EDO MAAU 5. PAIMSTAR VMGO i MERDEKA 7 GO JONG ROYONG Snfapore 26/21 Auf 29/31 M 3/5 Am 7/9 Auf 11/13 Auf 12/14 Auk 17/19 Auf PKHanf 29/30 Am 1/3 Au( 6/7 tu t429 words
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Advertisement540 1985-07-23 20 INTRASEA (PTC) LTD 10 Anson Road #27-16. International P'aza Singapore 0207 Tel *****1 1 <1 O L<nesl BREAKBULK SERVICE TO EUROPE/UK S'p«rt P K«<a*lM4fa«( farS/t 14/1 ROTT/ANT/UJL (AWN) SEAWOOD AND S pore P Kelang loadug fw: TBN VOTI2 21/7 2/1 Mwlafcwie/Valencia/ k(tnh Seaport MTMSU (HE) ITO BOOMK 224*511 K La*p«540 words
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Page 21 Advertisements
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Advertisement763 1985-07-23 21 TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/from Scandinavia MAETERLINCK S pore Closing Times: FCL Cargo 2359 23/7 LCL Cargo 1200 23/7 FROM EUROPE (VIA SUEZ) Havre Singapore P.KHang HKong Ksamf Busan TW BRIDGE 2SE Sailed In Port (25/7) 27/7 28/7 31/7 C CONTAINER SOL Sailed 30/7 (1/8) 3/8 4/8763 words
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Advertisement438 1985-07-23 21 /"s %^'J CEYLON SHIPPING CORPN National Line of Sri Lanka FULLY CONTAINERISED SERVICE TO COLOMBO, ARABIAN GULF. RED SEA, E C INDIA NfPTUf* *«NCr„ PTI I ID lel *****77 *****34 HARPtR mA SL/N BHD PK TH *****1 PfN Ifl 3'*S7«> SEAWARD SHIPPING FOR BOOKINGS I ENQUMES PLEASE CONTACT: SMGAPORE SEAWARD438 words
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Advertisement886 1985-07-23 21 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** f keiang M/S SHARKAT WAH SOON SON BHD IST AND 2ND FLOOR NO 1 J ALAN CEMPENMG PORT KLANG886 words
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Page 22 Advertisements
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Advertisement674 1985-07-23 22 Regional Container Macs 4 Sailings weekly Fast Reliable Regular Punctual Berthing P S.A. Mon, Tue, Thur, Sat GDI REGULAR/FEEDER SERVICE TO PHUKET/SONGKLA VOY *1* MTU KOKSORTIM 17W/3M Saled 23 MTU KOKSORTIM 179N/350 25 U 30M MTU KOKSORTIM 100N/351 1 Aug MTU KOKSORTIM IIIN/300 I Aug 13 fc* HINODE KISEN CO.674 words
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Page 22 Miscellaneous
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Miscellaneous158 1985-07-23 22 Regional Weather I X 2s )S ■N a ft m S! S! J* A va m b s* i is 1/ Ql £3^ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstorm d.rect.on w.th speed ,n knots V Shower Ro,n Wove height Cloudy Sky Surface winds ore158 words
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Advertisement118 1985-07-23 23 MSC AGENCIES K. LUMPUR P. KELANG PENANG P. GUOANG j. BAHARU LEOSHIP SPORE *****8/*****6/*****8/*****3 *****1/4 TERHNAI *****1/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE inraEß I(nTTTIir""JfTTTMPTTML J ICQICU3ZZZEHEH nnrr||iMff jnTTTfTyii>um mrcTrrnMrnrTT-TTTTirTTTTi rTMnra TO EUROPE FEEDER B BUTANE B BUTANG B BUTANG B BUTANG ALSO ACCEPTHG FOR: ANTWERP L. HARVE,118 words
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Advertisement303 1985-07-23 23 r If f \/l\ IT A GENERAL AGENTS SEALION SrtPPHG (S) PTE LTD. LJK A JI\I\L SINGAPORE SALES/BOOKINGS TEL *****81 (S LIES) W REGULAR SEMI-CONTAINER SERVI CE TO BANGLA-DESH/INDIA/SRI LANKA/PAKISTAN French Lin* KVJ M/V COM VtIAY VBISS M/V ARMAGNAC V9LSS M/V CGM VAR VIOLSS Scan Dutch V To Europe (Med/UK/NC/Scan)303 words
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Advertisement55 1985-07-23 24 Nihon-Asia Shipping (S) Pte Ltd 24 Paw Panjanj Rd #05-35 (0511) Id: *****88/9 Th: ***** A/B NCSJN TRANS SIBERIAN CONTAINER SERVICE Meekly FCI/ICI 10 Dji«a/T«|<Mio, KiW, H»iton lehefin S««u Budjpeit MV K tOGANSON Voy 20* ETA S pore 5/1 DEEP SEA/RAH TO IRAN VIA TURKEY ACCEPTMG AISO BMUBUK I P«OKCI55 words
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Advertisement326 1985-07-23 24 AFRICA'S NO IJ EAST AFRICA OCEAN ELITE 25 Jul GLORIA PEAK 25 Jul PIKEBANK 11 Aug NEDLLOYu MO JI 15 Aug ASTRA PEAK 24 Aug WEST AFRICA EARNEST VENTURE 16 Aug Mombasa. Daressalaam Port Louis, Reunion Mombasa, Daressalaam. Tanga. Beira Tamatave Mombasa. Daressalaam Port Louis. Reunion P Noire. Ab»d|an. Monrovia.326 words
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