The Business Times, 26 July 1985

Total Pages: 26
1 26 The Business Times
  • 11 1 BUSINESS TIMES M.C. (P) No. 99/1/85 FRIDAY, JULY 1»5 60 CENTS
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  • 670 1  -  By AMY BALAN SINGAPOREANS made less provision for their eventual death last year by buying less insurance. Not only was there less new business from fewer people, but more new policy holders failed to pay their second or third annual premiums. Consequently, nearly $900 million
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  • 172 1 AP INDONESIA'S current account deficit is expected to increase to US$3.4 billion in the current fiscal year ending next March, compared with U552.94 billion in the previous year, a US embassy report said on Thursday. The embassy's petroleum report said net earnings
    AP  -  172 words
  • Article, Illustration
    73 1 SHARE PRICES succumbed to profit-taking on the Singapore stockmarket yesterday in moderately active trading. In spite of prices (ricking np towards the end of the day, the Straits Times Industrial Index closed 2.91 points lower at T71.7S while the BT Composite Index was 3.13 points lower at SIS.IS.
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  • 491 1  -  By BRIAN GOMEZ, Industrial Correspondent AMERICAN COMPANIES have invested US$l,O3B million in Singapore in the past two years a sign of their confidence in future growth prospects. An investment survey from the US Embassy yesterday said that American investors were not deterred by "less buoyant world
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  • 599 1  -  CPF members may be allowed to invest in the instrument By SOH TIANG KENG, Financial Correspondent PLANS TO PROMOTE an active secondary market for government bonds have been mooted. This would dovetail with plans for CPF members to manage their own funds and
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  • 238 1 VISITORS to Singapore for the first half of this year increased by 2.8 per cent to 1,469,808 compared with the first six months of 1964. The latest figures from the Singapore Tourist Promotion Board also showed that the
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  • 97 1 Reuter THAILAND will promote count-er-trade to boost its slow and low-earning commodity exports. Central bank governor Kamchorn Sathirakul said a top-level government committee agreed that official counter-trade deals should supplement rather than compete with the private export sector. He said the government viewed counter-trade as
    Reuter  -  97 words
  • Page 1 Advertisements
    • 42 1 ComputerAsiaBs 14-17 August World Trade Centre Singapore Exhibition Services Pte Ltd Tel *****47 Telex RS ***** SINGEX 190 5—1985 80 YEARS OF BANKING EXPERIENCE IN SINGAPORE TO SERVE YOU BETTER IB BANQUE NDOSUEZ 3 Shenton Way Shenton House Singaporeolo6 Tel ***** 11
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    • 355 1 Shock treatment for the economy THE DEPRESSED state of the economy and what ought to be done to resolve the current problems is now a favourite topic of conversation at cocktails, in boardrooms and even in the humble coffee shops. Even as the high-pow-ered Economic Committee studies the problems and
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    • 12 1 Full roport, Pace 13 Asian stocks, Pag* 11 Intl stocks, Pago 10
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    • 63 1 MINOLTA EP3SOZ £se>. TV t a. testoni BOLOGNA ITALIA v 1\ 2 IH. £f>M V ST <C* 5f <-_J I Singapore: a. testoni Mandarin Hotel Hilton Hotel Pavilion Intercontinental Daimaru Printemps Kuala Lumpur: Waltons Fashion Regent Hotel Brunei: Lobby End Sheraton Utama Hotel Jakarta Masan Leather Line and Fashions Unit
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  • HOME NEWS
    • 422 2  - Smith Lane takes over Detergent Industries By LUCY NG AN AUSTRALIAN public-listed concern, Smith Lane Holdings Ltd, is taking over manufacturing company Detergent Industries (Singapore), which has been in receivership for 15 months. The agreement will be signed today between the Syd-ney-based company and Mr Jamshid K Medora, the receiver
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    • 428 2  -  By SHAHRIR ARIFF AUSTRALIAN multinational, James Hardie Industries, hopes to see Asia contributing about 15 per cent to its profits in the next five years. To achieve this, it has set up a regional office in Singapore to direct and consolidate regional growth,
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    • 238 2 A PATIENT'S right to good health services offered with tact and sensitivity was the focus of a speech by Mr Yeo Cheo\* Tong, the Minister of State (Health and Foreign Affairs), yesterday. "We must ensure that the constant, long exposure to illness, suffering and
      238 words
    • 108 2 THE PARTICIPATION of residents in civil defence activities will help grassroots organisations build a cooperative and cohesive community. Speaking at a volunteer certificate presentation ceremony at the Tiong Bahru Community Centre yesterday. Minister of State (Community Development) Ch'ng Jit Koon said: "As civil defence preparation must
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    • 301 2 A REPRODUCTION of a colour picture of a boy on a merry-go-round has won for three Singapore newspapers, including BT, accolades in the Kodak 1985 International Newspaper Colour Reproduction contest. Yesterday,. Mr Alistair Smith, the director and group general manager of Singapore Newspaper Services
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    • 171 2 A COMPREHENSIVE training directory to help employers choose appropriate courses for their staff was launched by the National Productivity Board yesterday. "The directory will provide employers with comprehensive and well-collated information on degree, certificate and diploma programmes in management and supervisory development," said the
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    • 333 3  -  By YAP BOH HOON LAWYERS FAMILIAR with terms such as pari passu and caveat emptor need to be equally familiar with multiplexing and bits and bytes before they handle computer contracts. Solicitor-General Koh Eng Tian, in a keynote address at a seminar on computer
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    • 444 3  -  By LOH HUI YIN POSITTVE WORK ATTITUDE, commitment and active participation in a job are qualities that workers should develop. These points were raised by two businessmen at yesterday's Singapore Polytechnic graduation ceremony. Mr Michael Yeo, the managing director of Yeo Hiap Seng, said:
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    • 214 3 INTERNATIONAL recognition is less than a year away for Singapore jewellers and jewellery designers if they are good enough to win awards at the world's most prestigious jewellery design contest. Final judging of the 1986 Dia-monds-International Awards will be held in London this October, but the
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    • 130 3 COLD STORAGE Singapore has increased its import of fresh milk from Malaysia this year by at least 20 per cent in response to increasing local demand. In an agreement with the Malaysian Federal Agricultural Marketing Authority (Fama) on Tuesday, Cold Storage guaranteed FAMA it
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    • 168 3 A SCHOOL'S challenge lies in producing not just an educated person, but an educated Singaporean. Brigadier-General (Res) Lee Hsien Loong, the Minister of State for Defence and Trade and Industry, said yesterday that whether a student became a good citizen or a self-centred, irresponsible
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    • 138 3 A TWO-DAY SEMINAR on the essentials and ingredients of corporate annual reports will be held by Datasearch Resources on Aug 1-2. The seminar at the Pavilion Intercontinental Singapore will cover legal and accounting aspects as well as that of production. There will also be
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    • 132 3 DISABLED PEOPLE can apply to attend Basic Education for Skills Training classes. The Ministry of Community Development, together with the Society for Aid to the Paralysed (SAP) and the Handicaps Welfare Association (HWA), will introduce BEST classes for the disabled at the former Rayman
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    • 64 3 THE DEPRESSED shipping market continued to take its toll on Singapore seamen, with the number working at sea dropping to 2,274, down 16 per cent from last year's figure. The National Maritime Board's latest annual report said the relatively higher cost of employing Singapore seamen
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    • 383 3  -  Scheme to foster R&D ventures with industry By JAIME LYE A SCHEME TO PROMOTE closer cooperation between the industry and the National University of Singapore will be launched soon. Encouraged largely by the success of a joint R&D venture with Telecoms, NUS is to launch
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    • 203 3 SINGAPORE'S Consulton Research Bureau will hold its 4th Asian Congress on Electronic Banking Services and a concurrent exhibition on bank systems and technology in Hongkong in September. The conference series, initiated in 1980, is being held outside Singapore for the first time, but this will not
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  • Page 2 Advertisements
    • 358 2 There isn't another car in the world that can boast automotive innovation like an Audi. And not just innovation for the sake of it. but better ideas to make a superior motor car. Superior enough to recently win the coveted "World Car Of The Year" title and two "World Rally
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  • OVERSEAS
    • 408 4 UPI CHINESE PRESIDENT Li Xiannian has warned that the growing economic relationship between China and the US could be jeopardised by "a major obstacle" the question of Taiwan. Mr Li, in a luncheon speech to a group of Chinese and American
      UPI  -  408 words
    • 191 4 AFP NIPPON TELEGRAPH and Telephone Corp (NTT) has hired a foreigner for the first time for its strategic planning staff, the Japan Times reported. The Times said on Wednesday that the move had been undertaken in a bid to keep NTT afloat in
      AFP  -  191 words
    • 427 4 AP OPPONENTS OF President Ferdinand Marcos, spurred by new charges of corruption, are collecting signatures in the country on petitions that ask the National Assembly to oust their leader of 20 years. At least 10,000 signatures have been collected since the movement began
      AP  -  427 words
    • 351 4 Reuter THE US HAS ACTED to avert a diplomatic storm with the Philippines by telling President Ferdinand Marcos that it would stand by its compensation commitment for use of military bases in the country. US Ambassador Stephen Bosworth told Mr Marcos in
      Reuter  -  351 words
    • 121 4 AFP HONGKONG'S Independent Commission Against Corruption (ICAC) made inquiries into the affairs of more than 10 banks and credit companies in Hongkong last year, the colony's lawmakers were told. An ICAC report read at a legislative council meeting on Wednesday also stated that graft in
      AFP  -  121 words
    • 677 4 AFP THE TRIAL IN CHINA of an American businessman charged with accidentally starting a fatal hotel fire has set off a wave of anxiety among foreign businessmen in the country. Chinese prosecutors in Harbin, north-east China, have demanded about US$BB,OOO in compensation from
      AFP  -  677 words
    • 381 4 Reuter, UPI SOUTH AFRICAN security forces shot dead four blacks and are holding 792 people under sweeping emergency powers imposed on Sunday. Police said yesterday that the two black men and two black women died yesterday when riot police and
      Reuter,; UPI  -  381 words
    • 136 4 AFP THE NUMBER of insolvencies in Hongkong rose to 2,096 in the first half of this year, 37 per cent more than in the same period last year, official statistics released on Wednesday showed. The total number of insolvencies handled by the Official
      AFP  -  136 words
    • 422 4 THE MALAYSIAN Industrial Co-ordination Act will be amended to revise upwards the capital limit of companies that comes under the Act. The change when enforced is expected to exempt a large number of manufacturing concerns from obtaining a licence under the
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    • 946 4 ARRIVALS Operator Scrvicc number Local time From PAA KAL SIA SIA CAL MAS MAS SWR MAS MAS SV RBA SIA CPA GIA SIA TMA SAS SIA THAI SIA SN RJ GIA MAS GIA SIA MAS SIA SIA GIA SIA GIA RBA THAI SIA THAI SIA KLM A'FLOT
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    • 303 5 UPI EGYPT HAS ADVISED Prime Minister Shimon Peres that it will lift all restrictions on trade and tourism against Israel. Mr Peres, speaking at an Egyptian embassy reception on Tuesday, said Egyptian President Hosni Mubarak had told him "in various messages" of
      UPI  -  303 words
    • 48 5 SIR PETER SCOTT raises his glass to toast the new Antarctic expedition vessel, Greenpeace, after a naming ceremony on the River Thames in Greenwich on Wednesday. The vessel will replace the environmental organisation's Rainbow Warrior which was sunk in New Zealand recently.
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    • 294 5 UPI THE MEXICAN government has imposed drastic new austerity measures, devaluing its controlled peso, eliminating 65 government posts, cutting expenditures by 10 per cent and freezing salaries for senior officials. Cabinet members on Wednesday detailed the belt-tightening measures that were part of a fivepoint programme
      UPI  -  294 words
    • 151 5 AFP AMERICA PUSHED its drive for a joint boycott of Beirut Airport at a two-day meeting in Bonn of air security experts from the seven major industrialised nations, but broad differences are likely to prevent any such action. The experts representing the
      AFP  -  151 words
    • 61 5 UPI THE WEST GERMAN industry will have to reduce atmospheric pollution by nearly a half during the next five to 10 years, under a technical circular approved by the Bonn government yesterday. Under the new standards put forward by Environment Minister Friedrich Zimmermann, industry will have
      UPI  -  61 words
    • WORLD IN BRIEF
      • 43 5 THE MOST PROFILIC inventor of all times is the Japanese Yoshiro Nakamats with 2,360 patents to his name, according to the Spanish magazine Inventos. Mr Nakamats, aged 56, beats electric light bulb inventor Thomas Edison by 456 patents, the magazine said.
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      • 44 5 THE JUDGE in charge of investigating the murder of former Colombian Justice Minister Rodrigo Lara Bonilla was shot and killed in Bogota on Wednesday, police said. Three men opened fire on judge Tulio Castro Gil while he was travelling in a taxi.
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      • 32 5 THE ISRAELI government decided on Wednesday to dismiss 6 per cent of the public workforce of 60,000 while granting bigger wage rises than originally sought, a Cabinet spokesman said.
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      • 58 5 CARLOS, the notorious terrorist, has found a new occupation providing security for Middle Eastern royalty, politicians and businessmen. The West German magazine Bunte. quoting West German intelligence sources, said Carlos, a Venezuelan whose real name is Dyich Ramirez Sanchez, had a number of men working for him
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      • 50 5 AHMED Tica Kala, the centre-for-ward of the United Arab Emirates national football team, died early Wednesday after a minor surgical operation on his left knee. The 23-year-old "Arab Pele" had been in Brazil for two months, receiving treatment for his cartilage problem from Brazilian physiotherapist Nivaldo Baldo.
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      • 63 5 Agencies SHANGHAI'S 70-year-old mayor resigned on Wednesday as part of China's modernisation drive which calls for the replacement of ageing bureaucrats with younger officials, the official Xinhua News Agency reported. Wang Daohan, who has been the mayor of China's largest city for the past five years, said younger
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    • 550 5 Reuter THE LATEST OPEC crisis conference in Geneva dragged into a fourth day yesterday with the 13 feuding oil ministers split on even a minor cosmetic readjustment of prices. Industry analysts observing the talks said the meeting the fifth in eight months showed
      Reuter  -  550 words
    • 100 5 Reuter THE FRENCH top the world drinking league, consuming more alcohol than any other nation. According to figures published by the British Brewers' Society on Wednesday, the French drank 14.8 litres per head in terms of pure alcohol in 1983, compared with 14.3 litres in Portugal
      Reuter  -  100 words
    • 326 5 AP AMERICA AND JAPAN share responsibility for the US trade deficit with Japan and both nations must take urgent action to deal with the imbalance, business leaders from the two countries agreed. "Protectionist pressures will mount further if highly visible action is not taken
      AP  -  326 words
  • Page 4 Advertisements
    • 81 4 NTT under pressure to import more, Page 11 If you are discerning about Teochew cuisine, then Hung Kang Restaurant deserves your patronage. Our Chief Cook from Hong Kong is well-known to serve only the finest and most delicate Teochew food. Also be pampered by our attentive courteous staff and together
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    • 0 4 /(?$@=!/)=}</-;,!<`&/}*|:})?%_@
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  • Page 5 Advertisements
    • 246 5 MONTBLANC THE ART OF WRITING „MEISTERSTUCK" the pride of the MONTBLANC Collection is probably the most famous writing instrument of our times. Representing the best in design, it combines technical excellence and perfect styling from the piston-filling system to the 14-carat gold nib and the gold-plated fittings. The MEISTERSTOCK is
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    • 154 5 Wit# ci 'Wv !T\ ■i -v. i 5 v:.x': fe/t H r 8 **i H r *r\ K mm: i v if-: '<• N 'PI v M s&iSP :y~ 1 SS« m >-••:. :<g> ilts!pfpp?3ps -VvVS" Systems Approach to Human Office Environment ITOKI is a total organizer of office furniture
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  • Page 5 Miscellaneous
    • 76 5 Doonesbury YOU KNOW, MIKE, THIS 5/NGUL/WTY CEREMONY MAY Bern. MOST POSITIVE STEP tVE EVER. TAKEN. THE HARP fWU WAS SIMPLY APMfTTJNG TDMYSELE THAT 1 MAY UJEIL NEVER HAVE. A PERMANENT PERSON IN MY UPE. n_ L<Z\ m m 'z Si M ss m w X m 4 i M 'JBY
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  • AIR CARGO
    • 583 6  -  By LIM SOON NEO A TWO-MAN TEAM, promoting Belfast's role as a major hub for air cargo traffic in Europe, has visited Singapore in the course of an Asian tour to promote long-haul traffic from the Far East. The officials from
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    • 175 6 ROBOTIC TECHNOLOGY has brought a major advance to the operation of loading and unloading aircraft. Developed in Britain, the Airlec IfJI battery-powered lower deck loader (right) at London's Heathrow Airport lifting a container to be stowed in an Air Canada TriStar is said to
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    • 125 6 THE FIRST TWO A3lO-200s for the Civil Aviation Administration of China (CAAC) left Toulouse for Shanghai on June 29. The aircraft, which were delivered to the CAAC on June 25 and 28, are the first wide-body twins to be operated by any airline in China. The
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    • 294 6  -  By SHAHRIR ARIFF JAPAN'S Nippon Cargo Airlines Co (NCA) has secured a cargo collection base in South-east Asia following the signing of a general agency contract with All Nippon Transport Co (ANT) of Hongkong. ANT is also negotiating interline connections with
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    • 254 6 ARRIVALS Operator Flight Local From 1 number tim« FRIDAY KAL KE697 0040 SEL TMA TL351 1130 BEY/SHJ KUL FT FT7I 2355 BOS/JFK ANC/NRT TPE SATURDAY CAL CI333 0130 TPE CV CV796 0815 LUX/DXB KAL KE685 1910 SEL SUNDAY TMA TL355 0630 BEY/SHJ /KUL FT FT73 2355 LAX/SFO ANC/NRT
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  • Page 6 Advertisements
    • 1285 6 DG BANK Consolidated Balance Sheet (condensed) as at December 31,1984 Cash in hand Bills receivable Due from regional cooperative banks Due from other banks Treasury bills Bonds, notes and other securities Due from non-bank customers Long-term mortgage loans Investments in subsidiaries and affiliated companies Premises and office equipment Other assets
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  • BANKING AND FINANCE
    • 797 7 SINGAPORE THE US dollar yesterday closed narrowly mixed against major currencies after fluctuating on short-covering and selling in light trading. Dealers said the dollar's near-term direction looked uncertain and most operators were waiting for yesterday's US M-l money supply figures for some clue to the Fed's monetary policy.
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    • 247 7 Interbank rates at 3pm yesterday: Curr*nct«* Nominal Bid rate* Smithsonian Ottar croaa parity change Local dollars to one unit of foreign currency. US dollar Sterling pound Australian dollar NZ dollar Canadian dollar 2 2025 3 1099 1 5527 I 1320 1 6302 2 2035 3 1135 1 5556
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    • Article, Illustration
      363 7 Asian market ASIAN DOLLAR deposits yesterday closed steady at easier opening levels in quiet afternoon trading. Most operators were sidelined due to the absence of fresh news, awaiting the release of US M-l money supply figures. Short-dates weakened between 1 s and 3/16 point at the outset following a softer
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    • 290 7 EURODOLLAR futures yesterday closed firmer compared with Chicago levels on short-covering and overseas demand in active trading. Dealers said the 1.8 per cent rise in June US durable goods orders had little impact on futures. Turnover in the three Eurodollar contracts totalled 2,060 lots with September being the most
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    • 149 7 HONGKONG: GOLD yesterday closed firmer in fairly active trading. Gold closed at U*****.50 90 an ounce compared with New York's $318.60/319.10 close and its $318.50/90 finish in Hongkong on Wednesday. On the local market, gold rose HK$7 to $2,956 a tael. Krugerrand gained $5 to $2,535, equivalent to U*****.50.
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    • 125 7 THE OVERNIGHT rate on the Singapore interbank money market rose by l 3 i point from Wednesday to close at 5"« per cent yesterday. The one-month term rate fell 1/16 point while two-month was unchanged. Three-month rose by 1/16. S$ Interbank rates at 3pm yesterday: Otter Bid Over
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    • 276 7 FT PAKISTAN'S foreign exchange reserves have run down to an all-time low of US$6O million, which the government will try to boost to SI billion. At their present level the reserves can finance only five weeks of imports. In spite of the poor
      FT  -  276 words
    • 129 7 Reuter A US HOUSE subcommittee plans to consider formally legislation for creating a self-regulatory body to police the government securities market. An aide to the House Telecommunications, Consumer Protection and Finance Subcommittee said in Washington the panel was due to meet yesterday
      Reuter  -  129 words
    • 254 7 Reuter, AFP THE JAPANESE Finance Ministry is considering allowing resident borrowers to issue floating rate Euroyen bonds from next April. Ministry sources said issues may be required to have a maturity of more than five years with terms based on the London Interbank Offered
      Reuter,; AFP  -  254 words
    • 214 7 Bernama BUMIPUTRA-CONTROLLED institutions now own 70 per cent of the equity of commercial banks incorporated in Malaysia. Bank Negara Governor Datuk Jaffar Hussein said this achievement is well ahead of the New Economic Policy (NEP) target of 30 per cent bumiputra corporate
      Bernama  -  214 words
    • 119 7 Reuter BRITISH Trade Minister Paul Channon supports proposals for the government's Export Credits Guarantee Department (ECGD) to charge insurance rates more related to risk. "Cheaper cover for good risks and higher for the riskier ones that is something that is quite likely," he said on
      Reuter  -  119 words
    • 219 7 Reuter FOUR ARAB FINANCIAL institutions which had been holding talks for about US$2BO million of financing for the building of an Iraqi pipeline through Saudi Arabia have withdrawn from negotiations, banking sources said. They were negotiating with Italian company Saipem
      Reuter  -  219 words
  • Page 7 Advertisements
    • 298 7 better business? Cash control, financial planning, client records, word processing, sales analysis, accounts, stock control, CAD and data communication, are among the many purposes for which your company can (and perhaps already does) use computers. For the hardware you want, the advice you seek, the software you need, and the
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    • 155 7 Welcome to Dragon City £i mmrr 5^ S. $•> "<6^7 > ■RHB Discover some of the finest Sichuan and seafood dishes you'll ever taste, at Dragon City You'll also experience warm, attentive service, so reminiscent B Kf of traditional Chinese hospitality and respect. Amidst rich and V elaborate surroundings befitting
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  • FEATURES
    • 507 8 THE CRIES FOR HELP by the shipyards have been heard by the Shipbuilding and Marine Engineering Employees' Union. Its decision to give some yards a helping hand by forgoing this year's National Wages Council guidelines is what the National Trades Union Congress has described as an
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    • 1058 8  -  It's time to shock the Singapore economy out of its current negativism, says DONALD F SINCLAIR, a retired stockbroker and an avid analyst of the Singapore economy. He suggests a drastic cut in the income tax rate as one way of doing it. He also
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    • 824 8 WHILE THE SERVICE SECTOR as a whole has grown in OECD countries since 1983, that of Singapore has tended to weaken. This has been partly because of the US$l5O per capita exit tax from Indonesia, and Malaysia's imposition of a flat 50 per cent
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    • 997 8 HISTORICALLY, property prices in Singapore tend to recover only two years after the stock market has started to rise. The recovery of either the stock or property markets is not on the immediate horizon, however. Ironically, it is Singapore's industrial sector that could have
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  • Page 8 Advertisements
    • 180 8 Live music returns to Cathay LOVE LITES from the Philippines A X L <£* < ...enioy the sweet serenade of tie'LOVE LITES With Courvoisier X.O on the house." Set Menu Promotion > Start off the night with our sj>ecial menu of savoury cuisine for two at only 85() or 9
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  • Page 8 Miscellaneous
    • 39 8 JliStdW ilfaafcEtictenS f £>««TiSH Hl-SFfetD I "M £p»«L HFYHR' [HANGING'S FORTy LftTe .IVuMPyT F\ JOK6, 'A "TOO GOOD Meße. is RN RNrtouNG&meN T B?c>™ Tm V ST To P>LL Pp>sse.NG,egS 1 C 'STICKS PvtiD STONeS TvV=\V &R£T\K my SoMeS
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    • 685 8 CRYPTIC PUZZLE ACROSS 4 Pay for salmon ot the end of the day (6) 7 Play the role of one who doesn't want everything' (4, 4) 8 The dopey fellow did wrong, caught in the oct (6) 10 Like a pair of heels (5) 13 Porridge and chicken, say (4)
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  • SPORTS
    • 707 9  -  By BRIAN MILLER AFTER 36 years of trying, Australia has finally succeeded in bringing Formula One racing Down Under and, come November, the South Australian capital city of Adelaide will take centre stage in the world of high-speed racing. Adelaide recently got the nod
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    • 292 9 UPI EDDIE MILNER drove in the game-winning run, scored twice and threw out a runner at the plate on Wednesday, lifting the Cincinnati Reds to a 3-2 victory over the New York Mets and a sweep of their three-game series.
      UPI  -  292 words
    • 403 9 UPI HOLLIS STACY thinks her new swing might be ready to pay dividends in time for the US$3OO,OOO Du Maurier Classic, which began yesterday. Stacy, who won this LPGA event in 1983, said in Montreal that she had been working on a
      UPI  -  403 words
  • Page 9 Advertisements
    • 250 9 MING COURT HOTEL LIMITED (I no irporuwd m (he RcfmNic of Smgdfxrrc) The Directors ot Ming o»urt Hotel Limited are pleased to make the following announcement: I. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30TH JUNE 1985 Half Year Ended 30th June Percentage Increase 11. REVIEW OF RESULTS The performance
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  • Page 9 Miscellaneous
    • 1117 9 FRIDAY NIGHT MOVIE Outlaw Blues 10.15 pm, Channel 5 Peter Fonda of the famous acting clan plays a convict who writes a song which is stolen by pop star Garland Dupree and becomes a hit. When he is released, Bobby (Fonda) goes after Dupree for his rightful royalties, but gets
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  • INTERNATIONAL STOCKS
    • 465 10 NYT THE MEXICAN government, reversing an earlier decision, is to permit International Business Machines to build a plant, which the company would whollyown, to produce microcomputers in Mexico. The agreement came after the computer maker agreed to increase sharply its capital investment
      NYT  -  465 words
    • 338 10 Reuter SHARE PRICES continued sliding lower on Wall Street on Wednesday amid signs investors were shedding traditional favourite stocks and preparing for a more inflationary economy. The Dow Jones Industrial Average lost 2.91 to 1348.90. The volume on the New York Stock Exchange
      Reuter  -  338 words
    • 187 10 JULY 24 Urwec 520 unch INDUSTIIAL5 25 Wooh»orth 1775 MININGS unch A Alpha 975 Anglos 2800 -150 Abercom Angivaal ***** AE And CI 1200 75 515 -15 6000 -400 A MIC 2950 25 Charter 470 10 1175 -50 ***** C G Sm.th 2900S 1075 -25 CNA 280 unch 1020
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    • 120 10 JULY 24 C$ Hud Bay M«n Imp Oil 49* 19* Abitibi 18 42* 36 18 Algomo 22 W Kerr Add 16* Argoen Hldgs 21 unch Lobtow B 20* 30* 2* Bonk Nova Scotia 13* 21* Bell Canada 42 15* BP Con Ltd 32*. 27* 28* Nof oodo Con Imp
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    • 677 10 JULY 24 USS Ale on Alumm 26* Alcoa 36* Alegheny Lud 25* A Iked Chem Cp 44* Afced Stores 58* •1* A»n-Chotm«n 5*4 unch Am BrorxS tnc 64 •1 Am Broodcast 113«k Am Con Co 58* Am Cyonofmd 53* Am Elec Pwr 22* Am Express 44 S -1*
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    • 912 10 Amsterdam JULY 24 Fh ABN 501 00x*Aegon ***** +05 Ahold 239 80 +13 Akzo 122 80 25 AM£V 275 00 -13 Amfo* Amro Bonk 88 30 +02 BefVel Boh 100 50 -0 5 Bofvurr*) Bogota Bur T«t Cotood 36 90 +1 Cotv* Dch Mi) 138 00 -0 2
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  • Page 10 Advertisements
    • 476 10 ma w T, N m r w w. «r> ss Is »RP PRET A PORTER 85 Latest, avant-garde styles by talented local designers. Every Friday night trom July 5 to August 30,1985. July 26 A a Fbolside. sth floor Royal Holiday Inn Singapore 7 30pm Barbecue Buffet Dinner 9 00
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    • 117 10 London stocks on page 15 V /B. V N H 1 Tye Lounge Enjoy the world s finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet, Body M Soul from the Philippines. They II captivate you! Happy Hours: spm
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  • ASIAN STOCKS
    • 348 11 HONGKONG: Share prices yesterday closed sharply higher in brisk trading as the Hang Seng Index rose to its highest level in nearly four years. The index gained 26.43 to 1692.06, the highest since it ended at 1705.16 on Aug 25, 1981. Turnover was HKJ415.34 million compared with $185.99 million
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    • 155 11 2000 -2.2 JULY 25 NT 1 96 0 07 Kuochan Dev Lien Hwa Nan Ya Plas 1270 990 1485 0.2 025 Asia C«m«nt 22 30 0 2 Pacific Elect Wire 0 82 -0 02 44 40 1430 0.4 Shihftn Pop#r Ono Hyn 1370 0.2 Taiwan Agri N For... 13
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    • 300 11 TOKYO: Prices fell sharply in very active trading as internationally popular shares fell across the board. The market average lost 130.00 to 12,647.03 after a 14.20-rise on Wednesday. Turnover was a heavy 620 million shares against 450 million on Wednesday. Reports of dumping allegations by the European Community against
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    • 78 11 MANILA: Prices closed mostly firmer in continued dull trading yesterday. The Commercial and Industrial Index improved by 1.90 to 131.46 and the Oils Marker 0.018 to 0.744. The Mining Index was steady at 695.99. JULY 25 rmot Onental B Phfex B 0012 0 13 unch -0 005 PLOT 38
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    • 420 11 SYDNEY: Australian share markets closed at record levels yesterday boosted by heavy investment in gold stocks as the South African crisis continues. National turnover was 84.8 million shares, valued at $184.6 million. Rises outpaced falls by two to one. The Gold Index closed 85.3 points higher at a record
      420 words
    • 144 11 BANGKOK: Prices closed higher yesterday in quiet trading. The Book Club Index improved by 0.58 to 142.88 as gainers led losers by a five-to-two margin. Turnover stood at 442,930 shares worth 71.6 million baht compared with 539,474 shares worth 81.2 million on Wednesday. JULY 25 •ofcti S»am Camant 639
      144 words
    • 75 11 JULY 25 Bank Seoul Won 676 Hyundai Const Hyundai Motor KAL 910 760 451 10 5 1 Choheung Bk 653 •1 Korea First 730 unch +2 -6 Commercial Bk 740 440 unch .1 Y ukong Korea Sh*> 1395 395 458 Lucky Ltd 625 617 5 670 -5 477 -3
      75 words
    • 53 11 Reuter THE JAPANESE Transport Ministry will soon begin studying whether to make Japan Airlines Co Ltd (JAL) a fully private company, a ministry official said in Tokyo on Wednesday. The Finance Ministry currently owns 35.7 per cent of JAL and the airline is partially managed by
      Reuter  -  53 words
    • 343 11 NYT NIPPON TELEGRAPH and Telephone Corp of Japan is under pressure at home and abroad to step up imports of telecommunications equipment and help hold the line on Japan's massive trade surplus but NTT is holding fast to the free market. The company is
      NYT  -  343 words
    • 172 11 AFP A JAPANESE-AMERICAN contractors' consortium is to build two skyscrapers in Shanghai. A spokesman for Kajima Corp, Japan's pioneer in the construction of highrise buildings and nuclear plants, said the company would join forces with John Portman and Associates, an American urban developer,
      AFP  -  172 words
    • 50 11 Reuter HITACHI LTD expects its semiconductor exports to the US in fiscal 1985/86 to fall by 30 per cent from the previous year. It exported microchips worth about 180 billion yen to the US in 1984/85, about 60 per cent of its total exports. Reuter
      Reuter  -  50 words
  • Page 11 Advertisements
    • 546 11 I i )r.P F ry>£f% For a Fteranakan Buffet Lunch so good, even Nanyas feel at home. For over a decade we've been known for Peranakan Buffet lunches with a home-cooked flavour. You too can enjoy the pleasure daily, for only Ssl4 00++ per person. The Luna Coffee House, Apollo
      546 words
    • 176 11 Thai Seafood Served In True Siamese Slvlc i r* S < r > j 0* 'A V T t \1 Thinking of food. Think Thai: Spicy Tomyum Soup, Charcoal-Grilled Seafood. Royal Thai Seafood and our other delectable Thai Cuisine. Or if you're a gourmet cook, take home some fresh seafood
      176 words

  • RAW MATERIALS
    • 443 12 Malaysia stands to benefit, according to one view THE MALAYSIAN rubber industry has reacted with mixed feelings to a call by a major rubber lobby group on Tuesday that Malaysia pull out of the International Natural Rubber Organisation (Inro). While some described the proposal
      443 words
    • 355 12 AFP PRODUCING and consuming members of the International Coffee Organisation (ICO) on Wednesday were uncertain of ways to penalise members which fail to abide by export regulations to non-member countries. While both sides agreed that producing members which have not complied with ICO
      AFP  -  355 words
    • 129 12 AFP THE EEC Commission has proposed to its members an increase in the amount paid by sugar producers to finance EEC sugar exports. The Commission also said it wanted to maintain after July 1986 a regime of production quotas set up for five
      AFP  -  129 words
    • 162 12 SINGAPORE THE MARKET yesterday closed slightly higher with August One RSS buyers quoted at 171.25 cents per kilo, up 0.25 cent from Wednesday. The morning session gained 0.25 cent on some short-covering and buying of nearby positions in quiet trading. Prices were little changed from lunch-time levels in quiet
      162 words
    • 370 12 in S cents/kg, FOB mi boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 171 00 172 00N 171 00 172 OON Int 1 RSS Aug 85 171 25 171 50 171 25 171 50 Int 1 RSS Sept 85 169 25 169 75 169
      370 words
    • 108 12 (cents/kg, 1-ton pallets) AUG 85 SEPT 85 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 143.50 145 50N 144 50 146 50N SSR 50 141 50 143 50N 142 50 144 SON MRELB Buyers Sellers Buyers Sellers SMR CV 201 00 203
      108 words
    • 105 12 THE Koala Lumpur tin price yesterday rose another five cents to M 531.11 a kilo, helped by shrinking offerings. Turnover of SI tonnes against 5C on Wednesday was again attributed to most miners having exhausted supplies towards the end of the current month quota. Japanese and local interests
      105 words
    • 163 12 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6'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
      163 words
    • 61 12 WHEAT futures on Wednesday closed 8 to 6Vfe US cents a bushel lower on the Chicago Board of Trade, extending losses that established new contract lows at the start. Corn futures declined further to close 3'/« to 1 cents a bushel lower, with all months establishing new contract lows.
      61 words
    • 987 12 COFFEE ROBUSTA futures continued late Wednesday morning's technical rally to end the day £47 to £23 a tonne higher than Tuesday night's close, near the highs of a £95 range. The market was pushed up from the morning's sharp losses. The rally was boosted by active trade and
      987 words
    • 144 12 Chinese Produce Exchsnge (Sellers' noon closing prices on July 25 (S$/100 kg) Coconut oil Bulk FOB 100 00 Old drum FOB ***** New drum FOB ***** Copra Mixed (loose) 53 buyers Pepper Muntok White FOB NLW 980 00 Sarawak White FOB faq NLW ***** Sarawak speciol block FOB
      144 words
    • 282 12 Singapore (S$/kiio, ex-9odown) Fragrant new crop 1st 082 2nd 062 3rd 060 New Crop 25% no stock 10% no stock Thai Broken A-super 054 Special 0 52 Thai Rice 55% no stock China Rice 10% 086 15% no stock 25% no stock 35% no stock Thai Boiled Rice 5%
      282 words
    • 115 12 MALAYSIAN crude palm oil prices yesterday weakened on short-selling and buyer reserve to end at the day's lows. Further easiness in Chicago soybean futures pressured prices. Lack of indications by India at its weekly import tender prompted late selling. July south fell Mslo to $942.50 a tonne and
      115 words
  • Page 12 Advertisements
    • 987 12 BANOUE FRANCAJSE CXI COMMERCE EXTEMEUR Office: 21 boulevard Haussmann ***** Parts Cedex 09 Singapore Branch: 50 Raffles Place 35-01 Shell Tower Singapore 0104 BALANCE SHEET AS AT 31ST DECEMBER 1984 (after allocation of profits) (in thousands of francs) ASSETS 1983 1984 Cash, due from Central Banks. French Treasury and postal
      987 words

  • SHARE INFORMATION
    • 4329 13 PROFIT-TAKING brought prices down on the Singapore stock market yesterday. Like the previous session, Malaysian stocks led the way but volume yesterday was far more moderate. In spite of prices picking up in the last 20 minutes, the Straits Times Industrial Index closed
      4,329 words
    • 256 13 Rises Indices 2350 50 July 24 iuly 25 M A A BT CompovK 678 18 675 15 bit Wood 119 19 BT Indicator *****40 *****95 Metol 299 +17 BT OS/OS 187 227 Alccxn 92 +12 ST Industriois 774 73 ***** Now SttoM lob 260 8 ST Finance
      256 words
    • 4005 13 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted afVer the word "SETT".
      4,005 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 969 14  -  After three years of uncertainty, Leong Huat's fate is now being placed in the hands of receivers and managers appointed by the company's bankers. CHAN 01 CHEE traces the events and personalities linked to this troubled company. CHAN OI CHEE LEONG HUAT INDUSTRIES
      969 words
    • 3748 14 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified INDUSTRIALS A Choc (1 955) (1) 2 00 AISB (0
      3,748 words
    • 498 14 SHARE PRICES closed lower for the second consecutive session on the Kuala Lumpur stock market yesterday as profit-tak-ers continued to take the upper hand. Trading pace was less hectic but buying interest was still seen in selective stocks which bucked the trend. The market
      498 words
    • 125 14 BUKIT SEMBAWANG ESTATES Limited: 19th AGM at 19th Floor, OCBC Centre, Chulia Street, Singapore 0104 on Wednesday, August 14, at noon. ALEXANDRA HOLDINGS Limited: AGM at 255 Alexandra Road, Singapore 0315 on Saturday, Sep 21, at noon. MALAYAN CREDIT Limited: AGM at Mandarin Court A, 4th Floor, Mandarin
      125 words
    • 610 15 wm mm*» By HOCK LOCK SIEW DON'T BE SURPRISED if in the next few weeks the long-ne-glected tin-mining sector of the twin Singapore and Malaysian stockmarket were to come alive suddenly. The signs have been posted for quite a while now, but largely ignored
      By HOCK LOCK SIEW  -  610 words
    • 578 15 LEONG HUAT INDUSTRIES is the most recent case of a listed company being placed under receivership. Most of the other known cases occurred in the *****, and involved a number of smallish companies which failed to repay loans to their banks.
      578 words
    • 58 15 DAH YUNG Investment announced that its transfer books and the register of members will be closed from Aug 15 to 23 for determining shareholders' entitlements to the new shares arising from its proposed bonus and rights issue. Persons who are registered as at Aug 15, 1985, will
      58 words
    • 1088 15 SHARE PRICES closed sharply lower following disappointing second quarter results from ICI, dealers said. The FTSE 100 index at 1430 GMT was down 13.5 at 1222.7 having dipped to 1222.0, the lowest since January this year. ICI fell 30p to 659 after pre-tax profits of £268 million against
      1,088 words
    • 332 15  -  By AMY CHEOK CEREBOS PACIFIC Ltd has invested a further $2.42 million to strengthen its foothold in Australia, the region which accounts for nearly two-thirds of its group sales. The company, through its fully-owned Australian subsidiary Cerebos Australia Ltd, has acquired the assets of
      332 words
    • 589 15  -  Transaction to cost $6.91 m By NAJEEB JARHOM PEGI MALAYSIA BHD, which has stayed in the background for a while, is making a comeback to the Singapore corporate scene with the acquisition of an indirect stake in listed Malaya Tin Printing Co Ltd.
      589 words
    • 410 15 AFTER successfully marketing its casino expertise in Australia, Genting Bhd is now turning its attention to the Bahamas and eventually the huge US market. The company disclosed yesterday that it was investing US$l5 million to take up a half share in a hotel and casino
      410 words
    • 110 15 HONGKONG Wednesday 1363.0 Week ago 1348 0 Hang Seng Index Thursday 1692 06 Wednesday 1665 63 NEW YORK Week ago 1672.04 Dow Jones Wednesday 1348 90 TOKYO Tuesday 1351.81 Tokyo Dow Jones Week ago 1357.97 Thursday *****.03 Wednesday ***** 03 Standard Poors Week ago ***** 63 Wednesday 191
      110 words
    • 261 15 Managers' prices for July 26 Singapore Unit Trust The Commerce 1 73 1 84 The Savings Fund 1 35 1 43 S'pore Prog Fund 0 77 0 82 S'pore Sec Fund III 1.18 S'pore Invest Fund 0 81 0 86 S'pore Equity Fund 0 76 0 81 Asia
      261 words
  • Page 14 Advertisements
    • 193 14 Malayan United Industries Berhad (Incorporated in M.il.iym.i) INTERIM RESULTS FOR THE HALF YEAR ENDED 3CTH JUNE 1985 The Directors of Malayan United Industries Berhad are pleased to announce the unaudited results of the Group and the Company tor the halt year ended 30th June 1985. Group Company Half Year Ended
      193 words
    • 209 14 Selected Indices, Unit Trust tables See page 15 Malayan United Manufacturing Berhad (Incitrporated in Malaysia) INTERIM RESULTS FOR THE HALF YEAR ENDED 30TH JUNE 1985 The Directors of Malayan United Manufacturing Berhad are pleased to announce the unaudited results of the Group and the Company tor the halt year ended
      209 words

  • Page 15 Advertisements
    • 168 15 APPOINTMENT International Broadcast and Television Installation, Engineering and Supply Company Requires SOUTH-EAST ASIA SALES ENGINEER BASED IN SINGAPORE A responsible person with thorough knowledge of the industry is required, particularly in the supply of studio equipment. Our International Group represent in Asia a number of major overseas suppliers of equipment.
      168 words
    • 395 15 NOTICES VAN DER HORST LTD (Incorporated in the Republic of Singapore) RIGHTS ISSUE OF 19,140,000 SHARES OF $Ijoo EACH AT PAR The Board of Directors of Van der Horst Limited ("the Company") are pleased to announce that by July 23, 1985, the closing date for the Company's recent Rights Issue,
      395 words

  • LATE FILE
    • 45 16 Reuter THE REAGAN administration has lowered its official forecast for economic growth this year to about 3 per cent. An administration official said the lower growth estimate will have "a very great impact" on the budget deficit for fiscal 1986. Reuter
      Reuter  -  45 words
    • 52 16 Reuter NEW ZEALAND Reserve Bank governor Spencer Russell said there was no compelling argument for continuing official restrictions on participation in the clearing system. "To restrict the use of cheques to banks could be seen as inconsistent with government policy and the realities of the financial market place,"
      Reuter  -  52 words
    • 44 16 Reuter HYATT International Corp said it had signed a joint venture agreement to buy two hotels to be built for the Hongkong International Exhibition Centre for about US$l.6 billion. Hyatt's partner is Kai Tak Land Investment Co Ltd. Reuter
      Reuter  -  44 words
    • 62 16 UPI A COLOMBIAN air force cargo plane pressed into passenger service because of an airline pilots' strike crashed in the jungle during a rainstorm. Officials feared that all the 70 people aboard were killed. Major Rafael Hurtado of the Civil Aeronautics Department said the DC-6 crashed on
      UPI  -  62 words
    • 28 16 AFP HONGKONG yesterday called on the US to grant the British colony continuous full benefits under the US generalised system of preferences for duty-free imports.
      AFP  -  28 words
    • 47 16 AP THE SOVIETS at the Geneva arms talks have raised the possibility of offering a 30 per cent cutback in strategic nuclear weapons and bombers. The New York Times yesterday said the cutback included a related reduction in nuclear bombs and warheads. AP
      AP  -  47 words
  • 616 16  -  Property tycoon to build more flats, offices and shops in HK By LEE HAN SHIH, Property Correspondent PROPERTY TYCOON "lucky" Ng Teng Fong has cancelled a huge hotel project in Hongkong in favour of building more flats, offices and shops. The Hongkong-based Sino Group, controlled by
    616 words
  • 399 16 Reuter TROOPS were placed on full alert in India yesterday to head off possible unrest after Prime Minister Rajiv Gandhi signed a peace pact aimed at ending three years of sectarian strife in Punjab state. Officials in the Punjab capital of Chandigarh said paramilitary forces
    Reuter  -  399 words
  • 63 16 Reuter THE NEW YORK stock market pushed higher in early trading yesterday, following three consecutive declines. The Dow Jones Industrial Average was up two points to 1351 while advances had a slim lead over declines on turnover of 13.71 million shares. In London, the gold bullion was
    Reuter  -  63 words
  • 176 16 Reuter CHINA FACES an uphill task in reducing its huge trade deficit because of serious port congestion, falling export prices and fast domestic growth, Western diplomats and bankers said. Officials said on Wednesday that China's trade in the first half of this year registered
    Reuter  -  176 words
  • 142 16 A SEA SEARCH is still in progress to find the pilot of a Republic of Singapore Air Force Skyhawk jet which crashed into the Johore Straits yesterday morning while on a training flight. According to a Ministry of Defence statement, a
    142 words
  • 336 16 THE COCA COLA Corporation was "beaten" again in Singapore yesterday not by its arch rival Pepsico, but by one of its retailers, Fitzpatrick's. Parallel importers have struck again, this time with the New Coke which is officially not supposed to be available in Singapore
    336 words
  • 182 16 Reuter TEN OF THE 13 Opec countries have agreed on minor price cuts. Iran, Libya and Algeria publicly dissociated themselves from the majority decision and will maintain their own pricing policy. The others agreed yesterday to knock 50 US cents a barrel off
    Reuter  -  182 words
  • 50 16 MR S DHANABALAN, the Minister for Foreign Affairs and Minister for Community Development, is paying an official visit to Saudi Arabia from today until Sunday. He will hold discussions with His Royal Highness Prince Saud A 1 Faisal, the Minister for Foreign Affairs of Saudi Arabia.
    50 words
  • 304 16  -  By TERESA LIM, Special Correspondent HONGKONG'S "Big, Big" department store is up for sale in Singapore but its receivers have so far found only one potentially interested party. Da Da (Big Big in Mandarin) Department Stores Limited was placed in receivership recently
    304 words
  • Page 16 Advertisements
    • 94 16 a> A {O 3^7 slO "C^SS*a"®*?...* xo c co^ *r> 2V C w®* „s^r^ N a rt p v)° u \_„<\ eX t^ C AC< V*- vxje v-\ 7 a c o^ ul AXv] co^'d s^°° 4V *vj\S^ US 0^" v StfiSSgSflS 1 Ss*-* 1/ > io^ s ps oW
      94 words
    • 9 16 Opec minister* divided over minor price issue, Pege 5
      9 words
    • 333 16 Advertisement Cheers! Bou know, when I mooted the idea of a regular column, I had no idea it would take off so well. It's really quite gratifying to meet total strangers at parties recommending me to read my column. Bunning concurrently with this column, though perhaps not so often in
      333 words
  • Page 16 Miscellaneous
    • 61 16 gßSflgga Outlook for today: Showers over several areas in the early hours. Cloudy for the rest of the day. Report for 24 hours prior to 7.30pm on July 25 at the airport: Maximum temperature 30.6 Associated humidity 64 Minimum temperature 23.3 Associated humidity 96 Hours of sunshine 4.60 Rainfall in
      61 words

  • SHIPPING TIMES
    • 129 17 Reuter ASIA Terminals Ltd said it has cancelled its HK$l billion contract with Far East Consortium Ltd to build a container terminal in the western Kowloon section of Hongkong. An Asia Terminal statement said the contract was terminated because of the alleged failure of Far
      Reuter  -  129 words
    • 379 17  -  By JUNE LIM TO IMPROVE services to its customers, Integrated Agency has leased space within the container terminal to unstuff inbound containers. The three-year lease agreement was signed with the Port of Singapore Authority last Thursday. Integrated will occupy 11,000 sq metres at Godown
      379 words
    • 213 17 AFP THE CHAIRMAN of the Hongkong Shippers' Council has called for a standard box charge to replace chaotic fluctuations in freight charges, a shipping magazine said. Dennis Ting told Seatrade that the problem was caused by shipping lines, which seemed "unable or
      AFP  -  213 words
    • 242 17 Reuter IRAN HAS been negotiating to buy crude oil tankers which would mean foreign ships need no longer call at its main Kharg Island oil terminal in the Gulf war zone, shipping sources in the Gulf said. They said Iran wanted to buy
      Reuter  -  242 words
    • PORTSIDES
      • 26 17 Reuter STATE-OWNED Shipping Corporation of New Zealand said it will change its trading name to the New Zealand Line on Sept 1. Reuter
        Reuter  -  26 words
      • 74 17 KOREA Shipping Corporation and the Soviet Baltic Shipping company have paid heavy fines in the United States for alleged rebating. KSC will pay U5595,000 for allegedly rebating to shippers in violation of the 1916 Shipping Act, while Baltic Shipping will pay $102,500 for allegedly carrying passengers
        74 words
      • 67 17 AFP THE FRENCH navy in Noumea, New Caledonia issued an all-points bulletin seeking a French yacht which New Zealand police want to examine in connection with the bombing of an environmentalist ship. The navy said it had issued the bulletin to French Gendarme stations, police posts
        AFP  -  67 words
    • 886 18 Reuter THESE ARE hard times for those who ship the world's goods across the oceans. Whether their cargo is oil, grain, steel or coal, they are almost certain to be losing money in an industry plagued by stiff competition, chronic over-capacity and
      Reuter  -  886 words
    • 231 18 THE HELLENIC Bank for Industrial Development (ETBA) is to buy out all the shares of Hellenic shipyards on behalf of the Greek States. Agreement on the purchase of the yards came after the General Confederation of Greek Labour had threatened to take widespread industrial
      231 words
    • 856 18 A Top Ent X 4 AB Shpg V 5 Afea Line VI 3 Ahrenkiel Liner X 1 AC Toepfer X 5 APC Line V 4 APL III 2/3 Antah Orient X 3 Arrow Lines X 5 Atlas Lines X 1 Anro Service IV 3/4 ANL 1 1
      856 words
    • 1119 18 THE FREIGHT market on Wednesday was featured by the lower level of US$ll being paid for grain chartering from the US Gulf to Japan with previous fixing having received $11.25, shipbrokers said. A fairly steady $9 was paid for grain from the Gulf to Venezuela but the $8.50
      1,119 words
    • 191 19 Reuter JAPAN'S MAJOR shipping companies were still in the black in the fiscal year ended March 31, 1985, but the industry faces gloomy prospects, Japanese shipping sources and Transport Ministry (MOT) officials said. In its annual report on shipping, the MOT said world seaborne
      Reuter  -  191 words
    • 292 19 Reuter PORTUGAL'S oil shipping company Soponata (Sociedade Portuguesa de Navios Tanques) said it has drawn up a short-list of five foreign shipyards to help build one tanker of 80,000 dwt and two of 125,000 dwt, with an option to build three more ships.
      Reuter  -  292 words
    • 378 19 Reuter GENERAL Dynamics Corp said its Quincy shipbuilding division in Massachusetts will be closed next year and 4,200 employees laid off. General Dynamics said it made the decision to close the division because its only large navy shipbuilding contract will be
      Reuter  -  378 words
    • 96 19 CONTAINER traffic at Port Rashid shot up 33 per cent in the first six months of 1985 over the same period previously, helped by a tremendous boost in transhipments. Port officials have targetted a total throughput of 377,000 TEUs for the whole year after recording 300,000
      96 words
    • 210 19 S«pt 15-19 74th annual convention of the American association of Port Authorities, Portland, Oregon. B*pt 16-19 Cadmo 86, international conference on computer aided design, manufacture and operation in the marine and offshore industries, Washington, DC. Oct 8-10 Offshore computers conference and exhibition, Aberdeen Exhibition and Conference Centre, Aberdeen.
      210 words
    • 264 19 THE UNITED States Maritime Administration (MarAd) has announced the start of foreclosure proceedings on two Phoenix oil/bulk carriers whose owner defaulted on U*****.6 million worth of Title XI bonds in April, said a report in Seatrade Week. The default on the Phoenix Title XI
      264 words
    • 3185 24 3®aBGXDB.B 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
      3,185 words
    • 681 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Nantai 7 18S 27.7 85 0700 Eagle Corp F1 1200-1400/1800-1900 W4 Al Mariakh 14 27 7.85 0700 Sealord F7 0800-0930/1700-1900 N1 Thai Pailin 15N 27.7
      681 words
    • 1686 25 The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises Fit Ltd Sam* (S) AB Skipping Bousteod Shpg Agencies Afeo Line African Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceonus Shipping Agencies (S) Muhiport Sdn Bhd (PK)
      1,686 words
    • 658 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 267 85/2300 Anchon KI8 Leo Shpg alongside Auby K25W SSPL alongside 26 7 85/0600 Bangmod KI9 Umi alongside 26 7 85/1500 Gambela K20 Kie Gwan alongside 26 7 85/0600 SO Nagaland K33 R Jumabhoy alongside 26 7
      658 words
  • Page 17 Advertisements
    • 671 17 }]@!|-"(!}@'`>$\',!</}'}(!?%\-! ORIENT OVERSEAS GatUei*•« Line A MEMBER OF THE C.Y. TUNG GROUP JMDK SHPPMG AGDWTC (R«f N». 242*4/00K)\_. 70 Shenton Way Marina Home 0707 TM: *****11 Teta NO RS ***** CFS offC£ TPC #***** Tel *****31 2?2053J Terminal OHice TPC #***** TH *****90/*****93/*****01 AHTAH lARDM SWfWG MENCCS SOU. B®. PETAL
      671 words
    • 82 17 JSMDB THESE ARE hard times for those who ship the world's goods ocross the oceans. Whether their cargo is oil, grain, steel or coal, they are almost certain to be losing money. Page II PORTUGAL'S oil shipping company Soponata has drawn up a short-list of five foreign shipyards to help
      82 words
    • 1186 17 h Search of EXCELLENCE I" t'i V tx\<t lii:n 1 >tL J9* <f This runaway bestseller disects the secrets of America s most successful and has distilled their success into eight basic findings which make exceptional sense TIMES THE BOOKSHOP MAERSK LINE I Vngaporf Closing Ims CY 29/7 1100 MRS
      1,186 words

  • Page 18 Advertisements
    • 363 18 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South Wnt Pacific North Waat Atlantic/Canada VnsH GLORY ACE MARIA IRIS ACE FAMRY AC! Acceptinf FCI shipments to: Iran, Al(tMnßtan. E. Germany. Belfum. Finland. Hun(ary. Rumania. Poland. Yu(osla«ia. Czechoslovakia. W Germany, Norway, Sweden, Denmark. Switzerland Austria Malaysian Bk( Agents: Anglo-French Trading (M) Sdn Bhd
      363 words
    • 330 18 11 mail Supercarrier Service )nut N ROTTERDAM BARBCR reus N ROUEN NEXT ARRIVALS BARBER ICCTOR 26/7 BARBER PRIAM 6/8 BARBER TOM 12/S N ROCHESTER 6 9. BARBER TAMP* 6/9 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA Mm acceptmg contn tor Houston (MB). S. Francisco Oakland Stockton and San
      330 words

  • Page 19 Advertisements
    • 1260 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Overseas Containers Limited I cowtmhershp service to/from Bangkok CONTAINERSHIP SERVICE TO UK/CONTINENT OSAKA BAT iiverpool BAT HONGKONG EKftfSS KOM.OON BAT BENAIDER CITY OF EDMURGH FRANKFURT EXPRESS CARDIGAN BAT KAtAAKURA MARU LIVERPOOL
      1,260 words
    • 775 19 If you an'look ing for Special or l ast Ship s, Jr. > -r f /Ja v TM' 0 T «feW Callut. we have the answer' JH HONG LEONG-LURSSEN SHIPYARD BHD. Franco Belgian Services vv« br ,-wl" >'jr i .i f" STOK fflUWUHwrtai raw. Ma J* S*K 9AS M» 31
      775 words

  • Page 20 Advertisements
    • 517 20 Hapag-Lloyd TO CONTINENT/UK EXPORTS On ornate to Scandmavia, Med, Carribean It S. America Inland haula(e to inland destinations in Europe I TO EUROPE/MED Connecting in Kobe Connecting in Kaoshiung t Connecting in Tokyo Also accepting cargo lot ATLANTIC I GUIF PORTS via mimlandbndge and US MIDWEST by microbridge FROM N.
      517 words
    • 471 20 HC&line tout* J* %L J'.J*. FULLY CO NTAINERI SJ D SERVICE TO EUROPE Vl* SUEZ Mtmber ol ti* Act Cwnertien Sparc P Ritanf LtHatrt R'dMn file™ MWJ Artwtrp 31/7 (29/7) 19/8 20/8 22/8 24/8 27/8 7/8 5/8) 26/8 27/8 29/8 31/8 3/9 14/8 (12/8) 2/9 3/9 5/9 7/9 10/9 21/8
      471 words
    • 484 20 Hai Sun Hup Co (Pte) Ltd AH*,' TEL *****06 (20 Lines) TLX R*****1 4 R*****2 t i:asti:k\ car mnhk. Ltd. n INTERMARITIME LTD K. Kfubaki Tel *****0 Ijkarta Ttt *****1 REUNION/SOUTH AFRICA SERVICE DIRECT MONTHLY SAILINGS Loadng at appropriated Berth P4-P5 C lomeroon Shipping Unn S.R. The National Line of
      484 words
    • 478 20 EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) wso acceptmc lcl, fa t Fa/ra to GOTKNBURG AARHUS COPENHAGEN. OSLO STOCKHOLM XISMI BREMER BREMEKHAKN Kl» HAMBURG LONDON SOUTHAMPTON MANOfSTER DXMWCHAM LIVERPOOL. GLASGOW VIA FFIDtSTOV* AMSTFROAM VIA ROTTERDAM US WEST COAST SERVICE ALSO ACCLFTMG CARGO TO
      478 words
    • 353 20 V. CIS I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Singapore Loadi* tor 5/8 B Abbas B KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC SPORE PKeiang Loadi* OCEANIA QUEEN 29/7 Jayapura, Lae. P. Moresby. Rabaul. Kieta. Honiara. Noumea KYOWA BREEZE 25/8 Wewak, Lae, P
      353 words

  • Page 21 Advertisements
    • 821 21 anirriiiu 11;niw, ruuaj, j PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 VESSEL KOTA RAJA KOTA RAKYAT KOTA RATNA KOTA PETANI KOTA WIRAWAN KOTA MEGAH VOYAGE E-575 E-577 E-579 E-581 E-SS3 E-M5 EAST AFRICA/REDSEA SERVICES HONGKONG SINGAPORE LOADING FOR MUKALLA, ADEN, HOOEIOAH. ASSAB. JEDDAH, AQABA
      821 words
    • 791 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CON THE NT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT Kosteon Bay Saied Saded BenaMar Saied Saded Mj/u Saded?6'7 Crt» at fdrtxjf* 27/7 21 1 Frankfurt Eipreis 4/1 5/8 Cardan Bar 11/1 13/1 Kamakwa Maru 17/1 19/1 Bremen (ipress 75/1 27/1 27/7 30/7 31/7 HKG. INN
      791 words
    • 635 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF G/EaL MAIVMT 122 MB 60WA ¥22 EXPRESS SEH-CONTAINER SERVICE TO EUROPE WESTBOUND lim I m kaa axm ITUM IK HI "IMI ULLAtf 111* srmuaya yuwb ••►wnw «w> an/i 1/1 «/> Kill 18/9 ADAM UK HIUK, I DAM MIND 2C/t 25/ I 21/1 n/i 12/1 u/i
      635 words
    • 645 21 BOUSTEAD SHIPPING AGENCIES m BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loadmg for Rangoon Spore Lokaw VIOIW 1/3 Aug Htoneywa V2O3W Phashwegyawywa V257W 10/12 Aug Pa an VB7 25/28 Aug 31 M/ 2 Aug BANK LINE EXPRESS SEMI-CONTAINER SERVICE TO UK/CONT SPORE R'DAM HULL HMBG MEADOW BANK 1 Aug
      645 words

  • Page 22 Advertisements
    • 1292 22 K USA CANADA KAWASAKI KISEN KAISHA. LTD. FEEDER/ CHMA CONTAINER V3OE KOREAN CHANCE V22E IOHORE BROGE V 46 MOTHER VESSEL QUEENSWAY BROGE V 39 TOKYO MARU V 24 OREGON BROGE V 3 LIONS GATE BROGE V 36 SHM BEISHU MARU V 22 BAY BROGE VI STORE PKLG PENANG STORE 30
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    • 482 22 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE loddfflg lot lOS ANGIIiS SMI IRANUSCU SEAIIIE lAUJMA VANCOUVER BC Aoepting la fCI Cont«ners P Keijng Suigjpote I Angeles Ml* If WW 25/* Hut 71 Sept AUSTRALIA EXPRESS CONTAINER SERVICE Accepting ICI FCI Conlamets P KeUng S potr CHANOIOAS RAMOAs KABHWMS RAVWAs CHANOPAS
      482 words
    • 634 22 SANKD ASIA FROM JAPAMCSf ROUTS AMO HOWOKOWG Satfapore K27/28 Jul 30/31 M 3/5 Aut 7/9 12/14 Aug 13/1% Au| 17/19 Aug PKelanf 29/30 Mi 1/3 Auf 6/7 Aut 10/11 Au( 15/16 Au 16/17 Au« 20/21 Au{ Penanj 1 SANKO SCORPIO HAKKAISAN MARU 3 TRISAKTI 4 EDO MAftU 5 MERDEKA 6
      634 words
    • 551 22 INTRASEA (PTE) LTD 10 Anson Road #27 16 International Plaza Singapore 0207 Tel *****1 1 (10 Lines) Bf(Q/BIASEA-X.lßm o BREAKBULK SERVICE TO EUROPE/UK SEAWOOD AND R.M.Z.^ nnrp P K#bM I udnf for A(cntv Sn|apart K Limv e P Mang loacfcnf fw 2/8 Monlaicone/Vataicia/ HTMSU (PTE) LID BOOKK *****11 BNTANG 9VTMS
      551 words

  • Page 23 Advertisements
    • 844 23 TO EUROPE/UK (VIA SUEZ): TDK BRDGE 26W C CONTAINER 31W. F'stowe H'burt 22/8 24/8 HK CONTAINER 46W (2/9) 4/9 Z3/9 w Also accepting cargo to/from Scandinavia +SS BRIDGE S pore Clos.ng Times: Cargo 2359 30/7 FROM EUROPE (VIA SUEZ) Havre C CONTAINER 30E Sailed K CHANCE 22E Sailed HK CONTAINER
      844 words
    • 565 23 V«M< Sp*f fit No 7 Doium MM 31/7 4/1 lb i Dnan/Mtt 11/1 lb I Dm* SWI 17/1 21/1 Hi i Dtnan/MtN 24/1 21/1 Mi 7 DM*/bO7N 2/9 4/9 HCMON BUS** 15/1 24/1 2 n 9/» u/» GentfH Stf.ey No. Dorutn V MM Mi K2l (N-12M In) m Hl.to Pt*»
      565 words
    • 854 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUN.DING 55, Market Street Sinfapore 0104 Telephone Ambers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Tele* Numbers RS ***** RS ***** RS ***** P KEIAMG M/S SHMHMT NAM SOON SDN BK> IST AND 2ND FLOOR NO I JAtAN CEMPfNWG PORT KLANG MALAYSIA
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  • Page 24 Advertisements
    • 850 24 KiHioml Container Lint's 4 Sailings weekly Ma H II Fast Reliable Regular i- Punctual Berthing P S.A. Mon, Tue, Thur, Sat VEB DEUTFRACHT/SEEREEDEREI ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE TO EUROPE STORE ANTHERf RDM! HAMBURG ROSTOCK PASEHALK 6/15 31 M 24 Aug *25 Aug M Aug 27 Aug LEfZK 4/15 16
      850 words
  • Page 24 Miscellaneous
    • 167 24 fi m i s 1 m 4* m l! M L\ S3 i i s ifft k. is &a 2* "If SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wove height P Temperature o 'hunderstorm Weather W.nd d.rect,on with speed in knots Shower t Rain Wave height Cloudy
      167 words

  • Page 25 Advertisements
    • 210 25 EAST ASIA LINE Z__——J (Malaysian Flag) Regular Liner Service# Between M'SIA/S'PORE/INDIA P Kelong Penong S pore Ldg for MMH 27/7 25/7 »/7 CMtatonf MDERA POtTMMA Sated Sated MaAas/Bombay REGULAR JAPAN/STRAITS/lAPAN SERVICES L UMBOS 25/7 EAST ASIA SHPPWG SOW BHD, P.K. Tel: *****2/36 MFBC K.L. Tel: *****1/*****0 A CONFER SHPPWG, STORE
      210 words
    • 237 25 BAPID SHIPPING PTE LTD L S'PORE TEL: *****44 TLX: ***** K.L. TEL: *****5 *****0 FCL LCL LOADMG FOR ETA SM FAR EAST China, Bus. Km/Km, BXK 29/7 4/t MAURITIUS Port Louis 29/7 29/t UK/EUROPE Ldn, Rdam, Awerp, Hburg 29/7 15/1 AUSTRALIA Syd. Mel, Bri, Ade. Fre 29/7 9/1 GULAR CONVENTIONAL/CONrAINER
      237 words
    • 409 25 OCEAN BRIDGE SHIPPING PTY LTD, g)- FREMANTLE V REGULAR SAILING TO FREMANTLE MV HELEN COAST ETA 12/« ETO 15/1 l Afnits Imkov Shipping Co Pte Ltd. 11l C*d St Tonj fn| BU| Sin*ore 010 •lOt 1# 22X272 4 Cheng Lie Navigation Co.. Ltd. coHiMH soma to umcx hon«on6 iw«mi STOB
      409 words
    • 111 25 FINE-LINER SHIPPING PIE LTD llawdf on hdwUM Hod. Mk MM #01-01 llwOiuqii IwdmtfW Park. S'pora 0314 Tlx R8 22*41 F LINER TEL: ACCEPTING BOTH FCL AND LCL <i,r» n ii J. LIN LIN SHIPPING PTE. LTD. 1. Magazine Road. aOS-Ot central ButkJmg Singapore 0105 Tel 533M14 ft *****22 WEEKLY SERVICE
      111 words
    • 54 25 LIZENA PTE LTD mn>tv un soma to kit man ratn HMftIMG CMini 12 15 tag MO MM TDM. LOK. fOWDOBL MTMR. COW**' DMM BBSMJ KMM CMnt Sept LOW COTOWJU L«COS NATNX IO«OW* OMM HUANGHAi CAKE* 2t Oct GDOtMMDm WEN CNANQ IMO W ANSON ROAD #27-15, MTCfWATIONAL PLAZA, MNQM»OME OM7 TEL:
      54 words

  • Page 26 Advertisements
    • 322 26 m ATLAS LINES REGULAR MDEPENDCNT SERVICE TO AND FROM CHTTAGONG AM) CHALNA ONLY LOAOMG FOR KOBE. YOKOHAMA. NAGOYA. BUSAN AND MCHON AL SATESIHA (BUKUO.su FLAG) "HI SAL MA (BANGLADESH FLA6) M. SAM (BANGLADESH FLAG) AL SHAMEEN (BANGLADESH FLAG) SINGAPORE P.KELANG Urn/31 My 21/31 Au( 10/14 Au, 20/24 CONTVCNTAL SHPPMG CORPORATION
      322 words
    • 140 26 STONEAGE A P.P.W COMPLEX. Wfl. MOOUIE 30 (0511) 1% Telei RS ***** STONE Tel: *****33 (8 lines) Nihon-Asia Shipping (S) Pte Ltd 24 Pasir Panjang Rd #05-35 PSA Multi-storey Complex (0511) Tel: *****88/9, *****23 *****96 Tlx: ***** A/B NCSIN TRANS-SBERIAN CONTAINER SERVICE Weekly FCL/ICI U: Ditita !ortt*m*K>W H»iton/!ehe»«n Sofi» Budjput
      140 words
    • 626 26 C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FUIV CONTIKMSCD SERVICE 10 EUROPE SUE/) LrtUrvt «<Um FIW« H"W| Brew Antwerp 1?/S 13/S 14/8 1 7/8 18/8 19/1 20 I 22/8 24/8 *7/8 26/8 27/8 29/8 31/1 l/» 3/9 2/9 3/9 S/9 7/9 8/9 9/9 10/4
      626 words
    • 723 26 Everett Lines I COMPANIA PERUANA DE VAPOREES (C.P.V.) "PERUVIAN STATE LINE" lot CjOjo He and *>l otVi P«u«iait pO'ts ».tti transhipment it Hob* On CPV Ihroufiti fcHs ut lading to final dentinal k>n Pwijnf* P Keiant Smfapore f MURftAYEVERCTT G4nJ(2l/27 M THOMASEVERETT 1/3 Au{ 4/5 Auj HUGHE VERETT 11/20 Au(
      723 words
    • 419 26 ZIM NON-CONFERENCE MKPEMJENT FULL CONTAMX SERVICE accepts* FCL/LCI carjoes to USA East I Nest Cms!. Carrteeanlast Cauda and HAITI ROB Wl STUB MAM MI LA RST ISA* IQI A KSSH 31 ?n m caufomm mts 1».» n» IUB nc a vessel tin m hokronc 3jb 12sis is»b \v»» ltus A
      419 words