The Business Times, 31 July 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. <P> No. 99/1/85 WEDNESDAY, JULY 31, I*Bs 60 CENTS
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  • 565 1  -  Stagnant or declining profit margins for many, says ECICS survey By LOH HUI YIN EXPORTERS ARE BRACING themselves for tougher times in the next 12 months as they expect the economic outlook to worsen. Almost three-quarters of the 350 small- and medium-sized exporters surveyed by the
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  • 490 1  -  By RICHARD SEAH Special Correspondent THOSE IN DEBT continued to be hotly pursued as creditors initiated even more legal action against them in the second quarter of this year. Law suits, bankruptcy petitions and company winding-up petitions all increased between April and June compared with the
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  • 266 1 Bemama MALAYSIA'S Industrial Coordination Act will be amended further to allow foreign investors to own up to 80 per cent equity in export-oriented companies and to allow greater production capacity of factories in the country. Announcing this yesterday, Deputy Trade and Industry
    Bemama  -  266 words
  • 109 1 UPI CHINA'S industrial output leapt 23.1 per cent to a record high in the first half of this year, but energy shortages and infrastructural bottlenecks are strangling further expansion. January to June industrial production totalled a record U*****.3 billion, an increase of 23.1
    UPI  -  109 words
  • Article, Illustration
    81 1 TRADING on the Singapore stock exchange came to an abrupt halt about half an hour early yesterday owing to an electronic fault on the big board. But dealing had been lethargic anyway and the Straits Times Industrial Index closed 3.47 points lower at 773.98 while the BT Composite
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  • 483 1 THE PETROL BLUES have hit many service stations yet Shell has paid the Housing Board a record $5 million for a 30-year service station lease. The planned 1,900-sq-metre Yishun station will be less than 10km from the causeway, now often jammed with Singapore motorists
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  • 459 1  -  By HOMER CHEN THE PORT OF SINGAPORE Authority's consultancy arm, SPECS Consultants Pte Ltd, has clinched its first contract in China. Under an agreement signed in Singapore last week with the Tianjin Port Authority, SPECS will provide consultancy services for the East Pier Project
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  • 126 1 AP THE US FOREIGN trade deficit, powered by a jump in petroleum imports, surged to US$l3.4 billion last month, the second highest on record, the government reported yesterday. The Commerce Department said that the merchandise trade deficit the difference between exports and imports rose from
    AP  -  126 words
  • Page 1 Advertisements
    • 122 1 PAPER SHREDDERS We« Germany OciT^com yp>Tgmi PTE LTD Tel 743-5555 Why tie up your capital? Rent special equipment from Thorn. 45" Projection Screen presentations at seminars, conferences, training classes. Auto Rewind Video types of non-stop business promotions. From $170/- per month per package. U-Matic Video Cassette Player r~~J tomJBBM training
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    • 278 1 Outlook for the services trade and the role of export insurance, Page 3 mm SHARE INFORMATION MONEY EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW "CUT CORPORATE taxation" and "Lower the CPF rate" are the campaign slogans of business and industry today. The cries, if
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    • 12 1 Full report, Page 13 Asian stocks, Page 11 Intl stocks, Page 10
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    • 147 1 BALLY cj SmrzfrlunJ merit the oftodi\. For the most efficient handling of your incoming and outgoing mail, you've got to hand it to Pitney Bowes. Addressing Folding Inserting Sorting Collating Counting Mail Opening X'lL Postage Stamping Cheque Signing Imprinting Pitney Bowes has been perfecting mailing systems and machines for the
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  • HOME NEWS
    • 327 2  -  By LOH HUI YIN THE PUBLIC Utilities Board carried out 543 energy audit studies on a wide range of companies from 1982 to 1984 and found that 61.2 million kWh of electricity per year and $2 million worth of "fuel could have been saved.
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    • 317 2  -  By JAIME LYE CIVIL WORKS at the Toa Payoh Mass Rapid Transit (MRT) station will be completed next week. It will be the first station to reach this stage of construction. At the pace the civil work of other Phase I underground stations is being completed,
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    • 192 2 THE AUSTRALIAN fashion industry has begun a four-month survey of the market for high fashion clothing in Singapore. Victoria, which is home to more than 60 per cent of Australia's high fashion business, began the survey in June to gauge the demand of the local
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    • 87 2 TWO SINGAPORE students are representing the Republic at the London International Youth Science Fortnight for the first time. Miss Lim Tsu Chiann of Raffles Junior College and Mr Soh Boon Leng of Hwa Chong Junior College were the first recipients of an award made by the Shell
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    • 482 2  -  By LEE HAN SHIH SWEDISH ROBOT MAKER Asea is flying in eyes for its robots in Singapore. To enable their mechanical men to understand what they are looking at, Asea is also supplying an electronic brain to go with the eyes. Together this eye-and-brain
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    • 167 3 A PERSON WHO is rude and unrepentant is likely to end up a drunk, friendless and deserted by both family and friends. At least, that was the picture painted by staff from four Goodwood hotels who put out a lighthearted skit
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    • 184 3 OVERSEAS Union Bank has announced a new two-tier loan scheme aimed at executives. Customers will be able to borrow up to $40,000 at any of the 33 OUB branches to set up a professional practice, for vacation and travel, home renovations or purchases of
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    • 346 3 FOUR TOP PHOTOGRAPHERS from China will be here for Photo Fair '85, the "grandest photo carnival in Asia with about $2 million worth of cameras and accessories on display. Leading the group of members from the Chinese Photographers Association is its vicechairman,
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    • 487 3 Shortage of good hotel facilities, says ECICS WHILE SINGAPORE contractors have clinched letters of intent to construct several building projects in China, there could be better prospects in future in the tourism and servicerelated fields. The Export Credit Insurance Corporation of Singapore (ECICS)
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    • 327 3 SHAREHOLDERS of the Export Credit Insurance Corporation of Singapore (ECICS) have been told not to expect a cash return. Any returns made would be indirect, in promoting Singapore exports, said ECICS chairman Mr HR Hochstadt in a question-and-answer interview published in the latest issue of
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    • 82 3 CHINESE COMPUTER technology will be the highlight of the International Computer and Communications Congress (Intercomm '86), in Beijing from Sep 15 to 20 next year. The exhibition, which coincides with the 30th anniversary celebrations of the development of computer technology in China, is being organised by
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    • 346 3  -  By CHUANG PECK MING WAH-CHANG International Group has teamed up with two Chinese agencies to hold China's first national exhibition and conference on the onshore petroleum industry. A Wah-Chang statement yesterday said the event, Onshore China '86, would give a greater boost to exploration activity
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  • Page 2 Advertisements
    • 188 2 -s mi y m m* *CV k i z#r<» I hi -1 v w. v» The stakes are high. But the table is low. The girl brings the drinks and the glimpse of thigh draws your client's eye away from your contract. Behind, the singer is screaming '[feelings and you're
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  • Page 3 Advertisements
    • 815 3 Plan for better business at 1 ComputerAsiaBs Show and Ser 14-17 August 1985 World Trade Centre Singapore Wednesday 14 August 0900-1700 Systems Development Productivity Frederick P Huff t Senior Manager W Management Information Consulting Division f Arthur Andersen Associates Pte Ltd Mr Huff will trace the systems development B lifecycle
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  • OVERSEAS
    • 508 4 Impact hinges on rise in domestic demand, says minister Reuter THE JAPANESE government yesterday approved trade-eas-ing measures which a senior minister said would make the Japanese market the most open in the world. But the minister, Toshio Komoto, admitted that the new three-year "action
      Reuter  -  508 words
    • 188 4 Reuter JAPAN'S government will create a working group to study four specific measures designed to stimulate domestic demand as a key part of its efforts to redress trade imbalances, State Minister Toshio Komoto said. The senior Cabinet member in charge of trade measures was addressing
      Reuter  -  188 words
    • 113 4 Reuter THE JAPANESE economy is heading towards a significant slowdown with exports rapidly losing momentum and domestic demand projected to decline. The Mitsubishi Research Institute Inc said Japan's real gross national product is expected to rise 3.6 per cent year-on-year in 1985/86 ending March 31 and
      Reuter  -  113 words
    • 230 4 Reuter KUWAIT has deported nearly 4,000 people since explosions ripped through two restaurants on July 11, and many more expulsions will follow. Genaral Yousuf Bader AlKharafi, Interior Ministry un-der-secretary, said on Monday said that no arrests had been made so far in connection with the blasts, in
      Reuter  -  230 words
    • 91 4 Reuter LIBYA HAS AGREED to pay US$5OO,OOO compensation to Norway for detaining a Norwegian ship in Tripoli last year, and to investigate allegations that a crew member was tortured to death by Libyan officials. A Norwegian Foreign Ministry spokesman said Libya had acknowledged that the cargo
      Reuter  -  91 words
    • 277 4 AP SUBSIDIES to cut food prices should be used only to help the poorest people, but many governments in poor countries provide the subsidies largely for the more prosperous, according to a new study by the International Monetary Fund. Robert Schneider,
      AP  -  277 words
    • 428 4 AP AFTER AN INITIAL RUSH to trade with China, Taiwanese businessmen are treading more cautiously after the cancellation of orders that have landed several companies in serious trouble. Trade between Taiwan and China is officially banned by the Taiwanese government. But the government says it
      AP  -  428 words
    • 310 4 Reuter TAIWAN WOULD BE permitted to retain its capitalist system and its own army under China's plan for reunification of the island with the mainland, a spokesman for Chinese President Li Xiannian said. The spokesman, State Councillor Ji Pengfei, said no time table had been set for
      Reuter  -  310 words
    • 143 4 AP OIL PLATFORMS and ships have been discharging waste oil and other pollutants off China's coast this year, endangering marine life and the health of coastal residents. China's National Oceanography Bureau on Monday called for urgent measures to end illegal dumping at sea and
      AP  -  143 words
    • 145 4 AP THE INDONESIAN government will no longer establish new universities or colleges but rely more on the private sector to boost higher education. Instead, the government will concentrate on establishing technical schools, says Sukadji Ranuwihardjo, the director general for higher education, according to the daily Pelita. The
      AP  -  145 words
    • WORLD IN BRIEF
      • 40 4 THE SOVIET UNION has provided North Korea with 10 more MiG-23 fighter planes. The Japanese newspaper Sankei Shimbun quoted international military sources as saying the aircraft were delivered earlier this month, probably together with newly-devel-oped missiles for them.
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      • 66 4 BRITISH Home Secretary Leon Brittan has asked the British Broadcasting Corp not to televise an interview with the reputed chief of staff of the outlawed Irish Republican Army because the programme would help terrorists. The BBC's board of governors was to meet yesterday to decide whether to
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      • 58 4 THE JAPANESE secret service has detected Soviet mini-submarines strategically positioned in the shallow waters of the Sea of Japan, the Los Angeles Times reported. The presence of the submarines in the straits leading to the Pacific Ocean shows that the Soviet Union is trying to ensure control of
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      • 88 4 FOUR BROTHERS of a Canadian priest who died aboard Air-India flight 182 on June 23 have filed damage suits totalling US$BOO,OOO against the airline and the Canadian government's Transport Department, alleging that negligence by both enabled someone to smuggle a large bomb aboard the plane. Engelbert, Victor, Arcade
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      • 70 4 CECIL PARKINSON, who resigned as a senior British cabinet minister over a love affair with his former secretary, has been given a public apology over allegations in a satirical magazine linking him with his new secretary. Richard Ingrams, the editor of Private Eye, said in the London
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      • 68 4 CHINA MUST concentrate less on importing finished technical equipment and look more to cooperative production ventures and technical assistance, Foreign Trade Minister Zheng Tuobin said. The overseas edition of the People's Daily quoted him as saying too many industrial plants have been built in China in the last
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      • 31 4 Agencies TAIWAN'S industrial production index fell 4.64 per cent in June from May and was down 1.72 per cent from a year earlier, the economic ministry said. Agencies
        Agencies  -  31 words
    • 736 4 ARRIVALS Operator Service Local From number time PAA PA2I 0020 LAX/TYO/HKG IA SQ4I 0605 MAA CAL CI010 0815 JED/DHA MAS MH68I 0820 KUL KAL KE624 0840 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH811 0940 PEN RBA BI421 1000 BWN SIA SQI 03 1005
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    • 404 5 UPI PRESIDENT REAGAN, rejecting a budget compromise proposed by Senate Republican leaders, has ruled out an oil import fee and changes in social security benefits and income tax indexing. The break between Reagan and the Senate leaders of his own party left those trying to
      UPI  -  404 words
    • 162 5 AP JAPAN, CANADA and the governments of the European Economic Community are expected to join the US call for a high level meeting on Sep 9 on world trade, a spokesman for US Trade Representative Clayton Yeutter said. "We need 46 governments (a majority) to
      AP  -  162 words
    • 653 5 Reuter PRESIDENT REAGAN and Soviet leader Mikhail Gorbachev, preparing for a summit meeting in November, have made separate and conflicting gestures on nuclear weapons tests. Mr Gorbachev on Monday announced a unilateral ban on nuclear tests beginning on Aug 6,
      Reuter  -  653 words
    • 69 5 AFP DO AMERICAN shuttle astronauts need visas to travel in space? The answer is yes, says visiting astronaut Robert Parker of the National Aeronautics and Space Agency. Mr Parker told a seminar at Indonesia's Space and Aeronautics Institute in Jakarta on Monday that the shuttle astronauts
      AFP  -  69 words
    • 266 5 PRESIDENT Pieter Botha threatened on Monday to expel as many as 1.5 million foreign blacks working in South Africa if other nations join France in imposing sanctions to protest against the nine-day-old state of emergency. Mr Botha's comments came a few hours after he rejected talks
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    • 156 5 AFP BELGIUM IS TO PROPOSE a joint set of restrictive measures against South Africa to its partners in the European Economic Community. The eight-point plan, less hardline than France's unilateral moves last week, was due to be put by Foreign Minister Leo Tindemans
      AFP  -  156 words
    • 114 5 Reuter SPANISH police yesterday hunted three suspected Basque guerillas who killed a senior navy officer in a shotgun attack shortly before US Attorney-General Edwin Meese met Interior Minister Jose Barrionuevo to discuss terrorism. Three gunmen shot Vice-Admiral Fausto Escrigas Estrada 12 times and critically injured his
      Reuter  -  114 words
    • 315 5 Reuter AUSTRIA HAS PLEDGED to bring in Europe's strictest wine laws soon to prevent a repeat of a wine-doctoring scandal that has undermined the image of its vintages at home and abroad. "We will work out a draft amendment of the wine
      Reuter  -  315 words
  • Page 4 Advertisements
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    • 0 4 \)=}@^_&:`[)|/-^|?<[[>+)|{^_+("
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  • Page 5 Advertisements
    • 90 5 C' ,st Take advantage of our low cost assembly facilities and save money. Let us do the work for you. We are one of the largest international switch manufacturers with an extensive range of equipment including welders, wire stripping and terminating, wire looming, hot stamping, soldering and assembly presses etc.
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    • 496 5 SINGAPORE'S BIGGEST EVER EXHIBITION IS HERE r Trade Industry Fair 85 27 JUIY -4 AUGUST 1985 12 NOON 10PM The lade Industry Fair 85 brings to you the greatest show ever to be seen m Singapore The 9-day Exhibition gathers al the AsiaPacifc regor m 1 big show FASHION ACCESSORIES
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  • Page 5 Miscellaneous
    • 44 5 Doonesbury m 'U/WLt RUUN6 NOTWN6 OUT DEFINITIVELY, TOMSHBCBLBBMT&HOU&£A6eFK)MTHB TiRANNT OF NRAIW EXPGCIA' m f'jr. w. i Y. i I m m ►> n j BY GARRY TRUDEAU m m fn V. f'» H' 1 w jJiSSS •J J /< r« m m HI sss I •y.
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  • TRAINING & DEVELOPMENT
    • 677 6  -  By SHAHRIR ARIFF THE RUNNING of the joint Computervision-EDB CAD CAM Training Unit (CECTU) will be extended till 1989. This follows the conclusion of an agreement recently between system manufacturer, Computervision, and the Economic Development Board (EDB). CECTU was set up in February 1983 to promote
      677 words
    • 190 6 SCHOLARSHIPS are being offered for post-graduate studies in human settlements development planning at the Asian Institute of Technology (AIT) in Thailand. Funded by the Canadian International Development Agency (CIDA) and other donors, the scholarships offer admission to studies which lead to Masters or Doctoral degrees in: Urban development
      190 words
    • 138 6 EXPORTERS and traders can benefit from a one-day seminar organised by the Trade Development Board on how to export under the Generalised System of Preferences and the Asean Preferential Trading Arrangement. The seminar, to be held on Aug 30, will discuss the products that are
      138 words
    • 107 6 "IN SEARCH of Excellence", the film based on the book of the same name, is now available in video format from Performa Pte Ltd. The 90-minute video, organised into eight parts, was shot on location and brings the viewer into the companies featured.
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    • 806 6 Seminars and courses DURATION Aug 5-29 Aug 5-6 Aug 5-30 Aug 12 Aug 12 Aug 12-13 Aug 12-13 Aug 12-14 Aug 12-16 Aug 12-16 Aug 12-17 Aug 12-23 Aug 12 Sep 2 Aug 13 Sep 24 Aug 13 Sep 24 Aug 14 Aug 14-15 Aug 14-16 Aug 15
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  • Page 6 Advertisements
    • 252 6 11l Adaptability Tenacity Ms ?rijir 1 Financial Acumen Creativity l Productivity Ceadership s. Qualifies WANTED-Your Nominations Far Singapore's Best Business Brain and leadership. The contribution made to Singapore's economic development will also he considered, as will evidence of good corporate citizenship. You are invited to help with the search by
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  • BANKING AND FINANCE
    • 336 7 Reuter THE RELEASE of the latest US trade and home sales figures for June yesterday will put further upward pressure on US interest rates, which have been rising ahead of an expected record Treasury refunding announcement today, economists said. Although only
      Reuter  -  336 words
    • 116 7 Reuter THE US COUNCIL of Economic Advisers' chairman, Beryl Sprinkel, has said Washington is not unhappy with the recent decline in the dollar, but he said it would take 12 to 18 months before the downturn has a significant favourable impact on the US trade deficit.
      Reuter  -  116 words
    • 1163 7  -  By ALVIN TAY A SUDDEN BURST of trading interest in government bonds by the four discount houses sent the daily average turnover on the secondary market tripling to $11.6 million during the first quarter of this year. The Monetary Authority of Singapore said in
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  • MONEY AND EXCHANGES
    • 943 7 SINGAPORE THE US dollar yesterday softened slightly against most major currencies from New York levels in quiet early trading with operators largely sidelined in the absence of fresh factors and ahead of the month end. The US unit eased to 237.65/75 yen from New York's 237.90 238.00 close,
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    • Article, Illustration
      90 7 THE OVERNIGHT rate on i the Singapore interbank j money market fell by 1 point from Monday to close I at 5' per cent yesterday. The two-month term j rate rose 1 16 point while the one- and three-month rates were unchanged. INDICATES the average of the prime lending rates
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    • 376 7 BA Futures EURODOLLAR futures opened unchanged from Monday's close. The market was quickly locked in a narrow range of 91.63 and 91.65 in the September contract after the initial opening at 91.63 in quiet trading ahead of the US economic data last night. Firmer interbank rates, during Liffe opening,
      BA Futures  -  376 words
    • 204 7 HONGKONG: GOLD yesterday closed slightly lower on light selling by small investors in an otherwise featureless market. Bullion finished at U*****.50 90 an ounce. On the local market, it rose HKS24 a tael to $2,988. The Krugerrand rose HK$2O to $2,560, equivalent to U*****.50. TOKYO: Futures closed five to
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    • 249 7 Interbank rates at 3pm yesterday: Currencies Nominal rate* Smithsonian Bid Offer cross parity change Local dollors to one unit ot foreign currency: US dollar 2 200b 2 2015 2 8196 21 96 Sterling pound 3 1313 3 1349 7 3469 -57 38 Australian dollar 1 5821 1 5850
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    • 363 7 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet afternoon trading. Most operators were awaiting today's announcement of the US Treasury refunding programme for August with the Treasury likely to call for a US$22 to $23 billion refunding. Overnight firmed 3/16 point at the outset
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  • Page 7 Advertisements
    • 115 7 WE'RE FUSSY ABOUT LITTLE THINGS. n After a long (lay oj business meetings, you d like nothing better than to unwind with a cold glass of Inn. Topped with a fine creamy head that locks in the freshness and flavour. At the Ecfuatonal, we senr it to you dulled just
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  • FEATURES
    • 494 8 "CUT CORPORATE TAXES" and "Lower the CPF rate" are today the campaign slogans of business and industry. The cries, if anything, have become louder with the announcement last Friday of a package of interim measures to help businessmen. And they have grown more insistent with the knowledge that
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    • 1617 8  -  Developing countries turning to agriculture amid industrial disarray Heavy industrialisation is apparently not the way to achieve economic growth in developing countries, say some economists. They point out that the Third World and the Communist bloc are turning their backs on steel mills and power
      NYT  -  1,617 words
  • Page 8 Advertisements
    • 662 8 Air freight is faster Our coverage is MM I j J better >111\ In BT every Friday. m HEIGHT KOREA'S LEADING BANK EXCHRNEE BHNK (INCORPORATED IN THE REPUBLIC OF KOREA) 31 st December 1984 Statement of Condition Won (millions) ASSETS _JJ>M Cash and due from banks w W I 'Hi
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    • 16 8 ~70 H tNominate your boss for BUSINESSMAN OF THE YEAR call Sit Meng Chue at *****55
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  • Page 8 Miscellaneous
    • 649 8 CRYPTIC PUZZLE ACROSS I Something to eat outside (5) 6 Bony, oily creature? (5) 9 Kind of oyster on a schooner? (7) 10 Err as a saintly fellow (5) 11 Some dole money for fruit (5) 12 Remaining in the picture (5) 13 Unpretentious quality (7) 15 Baltimore boy (3)
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  • SPORTS
    • 554 9  -  Singapore bowlers face tough duel at World Games By BRIAN MILLER SINGAPORE'S two representatives to the bowling events of the World Games in London will be up against some formidable opposition when they take to the lanes on Friday. But the Singapore Tenpin Bowling Congress is optimistic
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    • 241 9 AFP ALLAN BORDER, the Australian Test captain, is joining British county champion Essex next year. Peter Edwards, the county's general manager, announced on Monday that Border had agreed to sign a two-year contract, starting in 1986. Edwards said: "Allan Border made it known several
      AFP  -  241 words
    • 281 9 UPI ERIC DICKERSON, the Rams's brilliant running back who piled up 2,105 yards last season to break O J Simpson's single-sea-son NFL record, refused to report to training camp on Monday because he said the team had reneged on a verbal agreement for a contract extension.
      UPI  -  281 words
    • 308 9 UPI SPEND A BUCK, beaten by a 35-to-l longshot in the Haskell Invitational event at Monmouth Park, is becoming a longshot himself in the race for champion three-year-old following the decision to bypass the Travers Stakes on Aug 17. The owner and trainer of America's
      UPI  -  308 words
    • 368 9 Reuter WEST GERMAN tennis officials have ordered the clay court at Hamburg's Rothenbaum Club to be speeded up to give Wimbledon champion Boris Becker an advantage in next weekend's Davis Cup tie with the US. Becker, the first non-seed to win the Wimbledon
      Reuter  -  368 words
    • 156 9 UPI AN 18-YEAR-OLD amateur golfer equates his feat of making four holes-in-one in less than six weeks to entering the "twilight zone". Tim Sweeney, a member at the Pleasant Valley Country Club in the US, has notched four aces at three different courses
      UPI  -  156 words
    • 149 9 UPI IF THE EAGLE syndicate succeeds in bringing the America's Cup back to the US in 1987, that victory could pump more than US$l billion into southern California's economy. According to a report released by Chapman College, winning the prestigious yachting cup from
      UPI  -  149 words
    • 328 9 Reuter HAROLD CUDMORE will be hoping his recent change of fortune could point to a revival of British ocean racing success as the Admiral's Cup begins today. Cudmore represents one of Britain's best chances of recapturing the trophy it last won in 1981
      Reuter  -  328 words
  • Page 9 Miscellaneous
    • 1143 9 to imd mm r* APPLAUSE The Song Writers: An Evening with Sheldon Harnick 8.55 pm, Channel 12 Sheldon Harnick was the lyricist of the classic Fiddler On The Roof (above). He also wrote the score for She Loves Me, Fiorello. He has worked with Richard Rodgers, half of the Rodgers
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    • 3 9 RriStcW: Eraak Dicfctos
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  • INTERNATIONAL STOCKS
    • 336 10 Reuter FOUR AMERICAN companies are planning to invest in projects worth about US$6OO million in Saudi Arabia by the end of next year as a condition for winning a major defence contract. Industry sources in Riyadh said the four, led by Boeing
      Reuter  -  336 words
    • 135 10 AFP TEXAS INSTRUMENTS, a major US computer manufacturer, has incurred net losses of US$3.9 million over the second quarter this year and has announced the abolition of about 1,800 jobs. The company warned that semi-conductor sales will continue to deteriorate over the third
      AFP  -  135 words
    • 359 10 Reuter SHARE PRICES on Wall Street tumbled on Monday across a broad front as investors scrambled to take profits on stocks that have been rising for three months. The Dow Jones Industrial Average fell by 13.22 points to close at 1343.86. The volume
      Reuter  -  359 words
    • 282 10 Unisec 490 -10 JULY 29 Rood Woolworth 1625 25 INDUSTRIALS MININGS A Alpha 925 25 Anglos 2800 90 Abercom 155 )0 Anglvool 9900 50 AE And CI 830 unch Btyyoors 1250 65 Amoprop 500 unch Butt els 6325 325 AMIC 2875 unch Chorter 500 unch Bortows 1115 15 Cons
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    • 109 10 JULY 29 C$ Hud Boy Mm 7* 49* 18 -K Inco 20* 42* 37V4 lot Uts 18 22 .11 16* Lobtaw B 20* 29'% 2* unch Bonk Novo Scotia 13* 42* unch -V* Mc Blodel 21* 16* 34 26* 29* Norando 35'4 17* unch Canpoc Carting O'Keete 19* 15
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    • 643 10 JULY 29 us$ Alcon Alumn Akoo Alegheny Lud AWd Chant Cp Atod Stores Afcs-Cholmers Am Broods Inc Am Broadcast Am Can Co Am Cyonomd Am Elec Pwr Am Express Am Horn* Prod Am Motors Cp Am Natural Gas Am Td Tel A mo* Inc Amerodo Hess AAf Inc
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    • 964 10 Amsterdam JULY 29 Fh ABN 501 00 -3 Aegon ***** -09 Ahold 240 30 1 7 Akzo 120 20 -2 3 AM£V 272 00 1 5 Amtos Amro Bonk 87 30 -0 7 Berk el 46 00 +15 Boh 9900 unch Bonumi 369 50 45 Bo»kafc» Bur Tet
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  • Page 10 Advertisements
    • 509 10 p i i? 3 'rZ Afternoon Delights With The Cafe Vienna Difference 3pm 6pm 9 T For business or leisure, indulge in a delightful afternoon with two selections from our wide assortment of Chinese cookies, Austrian fruit tartlets and cakes. And a cup of either coffee, tea, hot chocolate, Sanka
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    • 129 10 London stocks on page 15 I Feng Ch£ng Lou Teochew V Restaurant for the best Teochew delicacies in town. Discover our famous dian-xin, delicious steam-boat Teochew porridge and other mouth-watering delights prepared by hong Kong chefs. And feel like royalty while C you dine in Oriental splendour. Open daily from:
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  • ASIAN STOCKS
    • 400 11 HONGKONG: Share prices closed mixed yesterday in late selective bargain-hunting after opening easier on profit-taking following recent rallies. Brokers said the initial weakness was also due to technical selling following the Hang Seng Index's failure to pierce the 1,700-point level. The index ended 2.66 points up at 1,686.24 after
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    • 252 11 JULY 30 A1 Smear* tndus Aato Camant Cothoy Com Chang Hwa Bank Chan Loortq Chta H«n Camant C)*w Cham China Dav Chra Elact Wira Chna GuK Ph» Oww Rabor Om Steal NT 1 91 2020 22 20 43 30 1410 1860 1305 1440 8 90 21 10 6 70
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    • 417 11 TOKYO: Share prices plummetted yesterday for the second day running, driving the market average down 321.53 to 12,269.89 in the sec- ond biggest single-day fall ever, dealers said. The stock exchange index fell 38.19 to 1006.15 and the second section also eased sharply in a trade of 10 million
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    • 125 11 MANILA: Share prices closed mixed yesterday in quiet trading. Oils firmed 0.018 to 0.744, while the mining marker fell 5.55 to 692.35 and the Commercial and Industrial Index remained steady at 131.46. JULY 30 Peso* Morsteei Oriental B PMex B 0012 0 1250 unch •0 005 Aco|« Mining Anglo
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    • 394 11 SYDNEY: Australian share markets closed easier yesterday, with investors discouraged by currency fears and poor market performances overseas. Brokers said London and New York markets finished lower than expected and Tokyo share prices were generally easier, and noted that bearish sentiment was due to a weaker US currency. Near
      394 words
    • 96 11 JULY 30 Won Hyundai Const 904 +6 Hyundai Motor 820 unch Bonk Seoul 670 -6 KAL 456 -3 Choheung Bk 660 unch Korea F**t 730 unch Commercial Bk 740 -5 Yukonq 1377 2 Doekm Ind 443 3 Korea Stvp 393 3 Doewoo Corp 457 unch Lucky Ltd 638 -12
      96 words
    • 147 11 BANGKOK: Prices closed slightly higher with turnover rising ahead of half-year results, mostly due over the next few weeks, to reach a two-month high of 771,784 shares worth 130.3 million baht, brokers said. The Book Club Index gained 0.01 point to 142.56. Advances led declines by a three-to-two margin.
      147 words
    • 69 11 THE TOTAL NUMBER of new companies registered in Hongkong in the first six months rose by 25 per cent to 8,321, up from 6,669 in the same period last year, according to official figures released. But the figures for new overseas companies setting up businesses in
      69 words
    • 483 11 AP THE CABINET of Prime Minister Yasuhiro Nakasone has endorsed a reform plan proposed last Friday by a government advisory commission to denationalise the government-owned, deficit-ridden railway system starting April 1, 1987. A government statement issued yesterday at the end of the cabinet session
      AP  -  483 words
    • 104 11 AFP THE JAPANESE maker of Subaru cars, Fuji Heavy Industries, has been conducting feasibility studies on Subaru car production abroad but it has no immediate plan to tie up with a US car maker. A Fuji spokesman was commenting yesterday on reports from New York that
      AFP  -  104 words
    • 217 11 UPI SPURRED ON by brisk exports to the US and China, Japan's exports of four-wheel vehicles for the first half of this year hit an all-time high of 3,269,315 units. The Japan Automobile Manufacturers Association said yesterday that the figure topped the previous record
      UPI  -  217 words
  • Page 11 Advertisements
    • 490 11 M I m m 1 .><> 3 8^ «5 1$ #7=P ®sr?« Inn of Happiness 4 i. Whatever the occasion our creative Cantonese cuisine makes it a celebration that's Distinctively Hilton in Style. HUON INTbRNATIONAb SINGAPORfc Dine in the grand tradition of emperors Where sumptuous meals are prepared by masters
      490 words
    • 74 11 Savoury Delights Await You At M M arailabie during lunch! ORCHARD ROAD K y J fmw Taste the finest iuisines that past emperors ot< hina feast on Six chets from the renowned Imjxrial Restaurant in Belling ilancshan are here to serve you For a limited period onlv. from August IS
      74 words

  • RAW MATERIALS
    • 371 12 Reuter THE LONDON Metal Exchange (LME) should alter its copper contracts to a standard contract Covering all types and a high grade contract covering top quality cathodes and wire bars only, the joint working party of the LME board and committee has said.
      Reuter  -  371 words
    • 204 12 Reuter PALM KERNEL OIL (PKO) prices have declined sharply this year due to the greater availability of cheaper coconut oil from the Philippines, Malaysian Primary Industries Minister Paul Leong said. PKO prices fell to an average of about M 51,600 a
      Reuter  -  204 words
    • 139 12 AFP PHILIPPINE silver production rose by 1.45 per cent to 17,173.93 kilograms in the first four months of this year compared with the same period last year. Data from the Philippine Chamber of Mines show that the January to April 1985 output was 245.094 kilograms more
      AFP  -  139 words
    • 173 12 WHEAT FUTURES on Monday sank near the close and ended from up l't to off 2 1 4 US cents a bushel on the Chicago Board of Trade. September finished near the bottom of a six cent range, additional purchases by C and D Commodities near the close failed
      173 words
    • 177 12 SOYBEAN futures on Monday sank late and closed at new contract lows, down 7' j to 4 1 j US cents a bushel on the Chicago Board of Trade. August ended near the bottom of an 11 cent range. Prices have declined more than 60 cents per bushel the
      177 words
    • 145 12 SINGAPORE THE MARKET yesterday closed slightly lower with August One RSS buyers quoted at 171.00 cents per kilo, down 0.75 cents from Monday. MALAYSIA The market ruled slightly steadier at midday with August Int One RSS buyers quoted at 191 cents per kilo, unchanged from Monday, on continued presence
      145 words
    • 377 12 in S cents/kg, FOB in boles NOON CLOSE Buvers Sellers Buyers Sellers Int 1 RSS Prompt 171 75 172 75N 171 00 172 OON Int 1 RSS Aug 85 171 50 172 00 171 00 171 50 Int 1 RSS Sept 85 170 50 171 00 170
      377 words
    • 109 12 (cents/kg, 1-ton pellets) AUG 85 SEPT 85 (current month) (forword month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 ***** 145 OON 144 00 146 OON SSR 50 141 00 143 OON 142 00 144 OON MRELB Buyers Sellers Buyers Sellers SMR CV 198 50 200
      109 words
    • 107 12 SUSTAINED Japanese and loeal Interest yesterday pushed tin in Kuala Lumpur up two cents to M 531.97 a kilo, within the ITA lower range of 29.15 and 32.96. There was an unchanged £299 per tonne discount to LME high grade, after sterling's firmness against ringgit was offset by
      107 words
    • 161 12 Yarn (In HK$ per 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 yorn
      161 words
    • 143 12 MALAYSIAN crude palm oil prices yesterday extended their losses in thin trading but late short-covering emerged to lift levels from the day's lows, after sentiment was earlier dampened by weaker Chicago soya futures, dealers said. Continuing lack of overseas interest also weighed on prices. August south deliveries closed
      143 words
    • 927 12 COFFEE ROBUSTA COFFEE futures yesterday continued firm with gains of £35 to £23 a tonne from Monday's close in fairly thin volume, supported by commission house buying and shortcovering. The market reacted very little to the International Coffee Organisation one million bag quota cut, which had been well
      927 words
    • 153 12 Chinese Produce Robusto 20'25'\> 430 00 Exchange FOB NSW (Sellers' noon closing prices on July 30 (SS/100 kg) Nutmeg 110 FOB NSW 454 00 Coconut oil E&W FOB NSW 330 00 Bulk FOB 100 00 Gombier Old drum FOB ***** FOB NSW 330 00 New drum FOB 117
      153 words
    • 287 12 Singapore C-l Ord unq (S$/kilo, ex-godown) Loonzain Rice Fragrant new crop 'let 082 100% 1st grade 100% 2nd grade unq 215 2nd 062 100% 3rd grade unq 3rd 060 Parboiled Rice New Crop no stock, no stock 5% 215 25% 10% 10% 210 Thai Broken 0 54 0 52
      287 words
  • Page 12 Advertisements
    • 434 12 INSURANCE CORPORATION OF SINGAPORE LTD H (Incorporated in the Republic of Singapore) (A Subsidiary of DBS Bank) I) UNAUDITED RESULTS FOR THE YEAR ENDED 30.6.85 or(-) 1 (a) Gross Premium Income 50.240 42.065 45.239 38.727 11 1 B.j> (b) Investment Income 3.205 2.509 2.933 2.332 (c) Profit/(loss) on sale of
      434 words
    • 231 12 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I Goh Song Mong of No. 331 Gemenceau Ave Singapore 0922 have applied for a Wholesale Liquor Shop Licence in respect of premises at M s Nam Wah Blk 3, Ellenborough St. =01-113 Singapore 0105 and that this application will be heard in
      231 words

  • SHARE INFORMATION
    • 4468 13 TRADING GROUND to an early halt yesterday afternoon on the Singapore stock exchange because of a technical problem with the electronic board. Brokers say that the market had been lethargic anyway as prices had generally drifted lower. At the close the Straits Times
      4,468 words
    • 275 13 SINGAPORE Rises Indices k Kellos 25p 8400 Cold Store lOp 268 MBF Corp S0« 200 F N 555 DuH De» 505 Prima 496 Kentucky Spore 250 Spore Fodder 165 S Finance 162 Moloyowota 98 Falls L t M S0< 210 Doh Yung 205 Spore Land 250 U
      275 words
    • 3557 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 after the word "SETT".
      3,557 words
    • 133 13 MALAYA TIN PRINTING COMPANY Limited: 20th AGM at the Board Room, No 1, Sixth Lok Yang Road, Singapore 2262. today at 11am. TRANSMARCO Limited: AGM at 65 Chulia Street, s 19-00 OCBC Centre. Singapore 0104 on Friday, August 2, at 11.30am. HARRISONS MALAYSIAN PLANTATIONS Berhad: 9th AGM at
      133 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 369 14 Bernama UNITED ASIAN BANK (UAB) chairman Tengku Ariff of Pahang has indicated that he is opposed to any bid by Maika Holdings, the investment arm of the Malaysian Indian Congress (MIC), to buy over the Indian government's stake in the bank. Any move
      Bernama  -  369 words
    • 501 14 TRADING conditions on the Kuala Lumpur stock market took a turn for the worse yesterday as share prices retreated across the board. Rampant profit-taking forced most counters lower with some incurring dou-ble-digit losses. The market changed course several times but ended in minus territory.
      501 words
    • 2963 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) AMD (3 I2S) (3)3 10(2)3
      2,963 words
    • 167 14 DICAM LTD, reputed to be the largest international investment company in Japan, has recently established an investment subsidiary called Daiwa International Capital Management (S) Ltd based in Singapore specialising in portfolio management. Dicam Singapore, as investment adviser, has subsequently completed the initial subscription of
      167 words
    • 116 14 HONGKONG Monday ***** Week ago 1358 5 Hang Seng Index Tuesday '686 24 Monday Closed NEW YORK Week ogo 1673 85 Dow Jones Monday J 343 86 TOKYO Friday 1357 08 Week ago 1357 64 Tokyo Dow Jones Tuesday ***** 89 Mondoy 2591 42 Week ago ***** 83
      116 words
    • 278 14 Monogers' prices MARA-Bumiputra for July 31 First B'putro 5 16 521 Singapore Unit Trust Second B'putro Third B'putro 4 71 4 76 3 88 3 93 The Commerce 1 72 1 82 Fourth B'putro 4 30 4 35 The Sovmgs Fund 1 33 141 Fifth B'putro 2 87
      278 words
    • 619 15 mm* mm™ By HOCK LOCK SIEW WILL RALEIGH Bhd make a fresh bid for Cold Storage (M) Bhd? That was the question everybody in the corporate circle was asking yesterday following the Capital Issues Committee rejection of its first bid. It
      By HOCK LOCK SIEW  -  619 words
    • 463 15  -  Tax-exempt profits to be used By AMY CHEOK MALAYAN CEMENT BHD has proposed to use its tax-exempt profits to service the payment of a first interim dividend of 2.5 cents for the current financial year, totalling more than M 55.44 million. However, Malayan Cement's largest shareholder, UK-based
      463 words
    • 632 15  -  By CHAN OI CHEE iN A WIDELY EXPECTED move, Kinta Kellas Tin Dredging Co PLC has finalised a new restructuring scheme which involves a generous bonus issue and a series of acquisitions cost-» ing M 512.5 million in cash. The bonus issue will be
      632 words
    • 228 15 BRITISH AMERICAN (M) Insurance Bhd (BAI) has received the approval of the Capital Issues Committee to acquire Traders and Merchants, a general insurance company, but the terms for the acquisition have been revised downwards. BAI will now pay M 517.7
      228 words
    • 331 15 DBS BANK'S 52 per cent owned subsidiary, Insurance Corporation of Singapore Ltd, saw a slight drop in profitability for the interim period ended June 30, 1985, in spite of an increase in premium income. Profit before tax for the insurance group fell 12 per
      331 words
    • 152 15 Reuter LAZARD BROTHERS and Co Ltd said it was offering 242.59 million ordinary shares of Britoil PLC at 185p per share on a part-paid basis with IOOp payable on application and 85p on Nov 11. The shares on offer are largely the British government's remaining shareholding
      Reuter  -  152 words
    • 1010 15 SHARE PRICES closed slightly firmer but off midday highs yesterday after National Westminstei Bank reported interim profits well below market expectations. At 3.30pm, the FTSE 100 was up 2.7 points at 1,251.6 after being quoted five points up at 1,253.9 at 12.30pm. Nat West ended 30p lower at
      1,010 words
  • Page 14 Advertisements
    • 589 14 Amsterdam-Rotterdam Bank NV The Amsterdam-Rotterdam Bank N.V. AMRO Bank for short is a major commercial and investment bank in the Netherlands, the origins of which date i T~~* r7\ Im«L 10CQ Tka D>nk'< Uoirl nHlmu 'V C Xl > j The Amsterdam-Rotterdam Bank N.V. AMRO Bank for short is a
      589 words

  • Page 15 Advertisements
    • 31 15 Important announcement from BAT Singapore Tobacco Company (Pte) Ltd The following are prices in Singapore of Newport Menthol Kings Recommended prices to consumers 20s Kingsize 10's Kingsize Per Unit $2.00 $1.00
      31 words

  • 486 16 FORMER REMISIER Phay Ai Lien, who faced four charges of allegedly making false tax deduction claims totalling $356,729.34, had three charges withdrawn yesterday. She was fined $1,000 and ordered to pay a penalty of $4,533.69 after she pleaded guilty to one
    486 words
  • 427 16 THE STATEMENT made in court yesterday that Phay Ai Lien (known in Business Times as Peng Ailian), has realised the "seriousness in distorting facts in her stories front-paged on three occasions in the Business Times" came as a shock to us. We are conducting an
    427 words
  • 444 16 THE FOLLOWING is a summary of the three articles by Peng Ailian on the subject of the tax problems of remisiers: "Remisiers angry at tax department's new move" was the headline of Peng Ailian's first article about a dispute between remisiers and tax authorities. Published
    444 words
  • 447 16  -  Phay Al Lien THE FOLLOWING is the letter, dated July 29, sent by Phay Ai Lien to the Inland Revenue Department. Comptroller of Income Tax Concerning the stories in Business Times with my by-line about the remisiers' dispute with the department, I have now
    447 words
  • 546 16  -  By BRIAN GOMEZ Industrial Correspondent SINGAPORE HAS LEAPT from the 29th to the 22nd position in the world in terms of per capita gross national product as a result of rapid economic growth since independence in 1965. Per capita gross national product growth annually over
    546 words
  • 108 16 WEST GERMAN Economics Minister Dr Martin Bangemann has urged Singapore and his country to fight the "international disease" of protectionism together. Both countries should back the multilateral system of the General Agreement on Tariffs and Trade (Gatt), said Dr Bangemann yesterday. Dr Tony Tan, Minister
    108 words
  • 113 16 Reuter COMEX gold futures edged up US$O.5O to $0.80 an ounce yesterday morning, mustering support from the dollar's drop on news that the US trade deficit last month of $13.42 billion was the second highest after the record $13.77 billion in July last year. In thin
    Reuter  -  113 words
  • 63 16 THE STOCK market yesterday continued to slide with prices broadly lower in early trading. The Dow Jones Industrial Average, which fell 13 points on Monday, was off four points to 1340. Declines led advances by a two-one margin on turnover of 10.95 million shares. Massey-Ferguson led the
    63 words
  • 101 16 Bernama ASEAN and the US yesterday signed an accord for the US$5 million Asean project for energy conservation and management nnder phase three of the Asean-US energy cooperation programme. The project grant agreement was signed by Philippine Acting Foreign Minister Paciflco
    Bernama  -  101 words
  • 348 16 AP JAPANESE Prime Minister Yasuhiro Nakasone, declaring that Japan must "defend to the last" the international free trade system, appealed directly to the US Congress yesterday to avoid trade protectionism and asked his own people to cooperate with efforts to liberalise Japan's import
    AP  -  348 words
  • 206 16 Reuter PRLME MINISTER Margaret Thatcher plans to go ahead with the controversial salary awards for top officials in spite of her Conservative government's defeat on the issue in the House of Lords. In an unexpected rebuff to the Thatcher administration, the House of Lords
    Reuter  -  206 words
  • LATE FILE
    • 56 16 Bernama PENINSULAR Malaysia had a trade surplus of Ms26o million for the first four months of this year, compared with a $160.5 million deficit for the same period last year. According to the Statistics Department, exports increased 8.7 per cent to $10.2 billion while imports rose
      Bernama  -  56 words
    • 41 16 Reuter INDIA'S tax inspectors recovered more than 650 million rupees in a two-month period after stepping up raids on fraud suspects. The money was recovered in raids between April and the end of June. Reuter
      Reuter  -  41 words
    • 47 16 Reuter PRINCE Norodom Ranariddh threatened yesterday to quit his father's Kampuchean guerilla coalition unless foreign backers could forge unity among its three factions. "If things don't improve in two months or so then I will pack my bags," said the prince. Reuter
      Reuter  -  47 words
    • 60 16 AP JAPAN'S population rose to 120,007,812 as of March 31, up 0.58 per cent from a year earlier, the lowest annual growth rate since a survey of resident registrations began in 1968. The Ministry of Home affairs said the growth rate had been decreasing for the past
      AP  -  60 words
    • 32 16 Reuter AUSTRIAN police have arrested four more men, including a West German, in connection with Austria's wine-doctoring scandal, bringing the total of detentions to 20. Reuter
      Reuter  -  32 words
    • 42 16 Reuter FILM STAR Rock Hudson, who spent eight days in a Paris hospital for treatment of Aids, returned home yesterday to Los Angeles aboard a chartered jet. Hudson, 59, was carried off the aircraft on a stretcher.
      Reuter  -  42 words
  • Page 16 Advertisements
  • Page 16 Miscellaneous
    • 54 16 Outlook for today: Showers in several oreos in the morning. Report for 24 hours prior to 7 30pm on July 28 at the airport Maximum temperature 30.7 Associated humidity 68 Minimum temperature 25.1 Associated humidity 92 Hours of sunshine 1.50 Rainfall in millimetres NIL Rainfall this month 131.8 Rainy days
      54 words

  • SHIPPING TIMES
    • 434 17  -  By JUNE LIM SIONG HUAT Group has made its first venture into shipping with a home-built multi-pur-pose vessel, the Lady Geraldine. The shipping service will be operated through Skonis Shipping Pte Ltd, a Singapore incorporated company jointly owned by Siong Huat Group and Skonis Group of
      434 words
    • 225 17 AP AFTER an initial rush to trade with China, Taiwanese businessmen are treading more cautiously after the cancellation of orders that have landed several companies in serious trouble. Trade between Taiwan and China is officially banned by the nationalist Chinese government on Taiwan, defeated by
      AP  -  225 words
    • 152 17 P O to withdraw Oriana from market CUT-THROAT competition and an adverse exchange rate has forced P O to advance plans to withdraw the company's last ship dedicated to the Australian cruise market. Lloyd's List said the move could place the whole of P O's cruise operation in Australia in
      152 words
    • PORTSIDES
      • 70 17 SINGAPORE Engineering and Consultancy Services (SPECS), a subsidiary of the Port of Singapore Authority, has amended its name to SPECS Consultants as from July this year. A company spokesman said one of the reasons for the change was to safeguard the use of the acronym. It would also
        70 words
      • 116 17 Reuter TACOMA Boatbuilding Company said it settled its litigation and commercial dispute with Banco Nacional Pesquero Y Portuario (Banpesca) regarding the construction by Tacoma of two vessels. As a result of the settlement, Tacoma will launch and deliver one of the vessels to Banpesca by Aug 30
        Reuter  -  116 words
      • 41 17 Reuter THE AUSTRALIA Eastern USA and Australia Eastern Canada Shipping Conference said its currency adjustment factor (CAF) would rise to 23.98 per cent, from the 21.79 per cent due to take effect from Aug 18, effective Sept 1. Reuter
        Reuter  -  41 words
    • 686 18 Seatrade THINGS ARE changing on the St Lawrence Seaway. The UK and Canadian bodies responsible for the seaway have embarked on an aggressive marketing campaign for the first time; the computer age is slowly dawning on the waterway; an extension of the Seaway-Great Lakes
      Seatrade  -  686 words
    • 237 18 AP A TEAM of divers set off on a treasure hunt on Monday to explore Australia's oldest known shipwreck, the Tryal, which was believed to be carrying gold ornaments for the King of Siam when it sank in 1622. Jeremy Green, leader of the six-week expedition,
      AP  -  237 words
    • 338 18 THE PORT of Bangkok must improve the flow of container traffic if it is to cope with the half-million ton mark projected for 1988, warned the chairman of the Bangkok Shipowners' and Agents' Association, Mr Suebphong Chalitaporn. Co-operation and co-or-dination among everyone
      338 words
    • 106 18 FT HOWARD DORIS, the An-glo-French offshore rig builder, is to purchase two yards on the UK east coast this week for £7.5 million. The move could made the company the second largest operator in the UK offshore fabrication sector after Trafalgar House. It already has
      FT  -  106 words
    • 824 18 A Top Enl X 4 A8 Shpg V 5 Aleo Line VI 3 Atlmrty Shpg X 1 Ahtenkid Lmer X 1 Antob Own? X 3 APC Lme V 4 APL M 2/3 Arwo Service IV 3/4 ANL 1 1 Arrow Lmes X 3 ASCL IH 1 Atlos
      824 words
    • 1252 18 GRAIN rates on the US Gulf to Japan route hit a seven-year low on the London freight markets on Monday when Dreyfus paid U5510.25 a ton for a 52,000-ton shipment with Aug 10-20 loading aboard the Sparto. The rate compared with around $16.25 a ton being paid on
      1,252 words
    • 192 19 AP OIL PLATFORMS and ships have been discharging waste oil and other pollutants off China's coast this year, endangering marine life and the health of seaside residents, the government complained on Monday. The National Oceanography Bureau called for urgent measures to end illegal dumping
      AP  -  192 words
    • 390 19 EFFORTS BY Panama to promote its shipping registry seem to have paid off, with the country's flag fleet growing by 6.5 million gross tons in 1984 a commendable 15 per cent rise over the previous year. Another 1.9 million tons were added to the register
      390 words
    • 718 19 AFP RATES on the freight market over the past week stayed near their lowest levels for seven years on key grain routes out of the US Gulf. There were likewise no indications of a forthcoming improvement in receipts to boost shipowners' confidence in the market. Instead, charterers were
      AFP  -  718 words
    • 188 19 THE MAJOR shipping consortia operating between the Far East Europe, Far East Persian Gulf, Straits ports Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia
      188 words
    • 124 19 Reuter SPANISH chemicals conglomerate Union Explosivos Rio Tinto SA (ERT) has sold two oil tankers for a total of 3.8 billion pesetas as part of an asset stripping plan, a company spokesman said. He said the sale would not affect ERT's crude supplies. He did not
      Reuter  -  124 words
    • 2852 24 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      2,852 words
    • 695 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 Pasewolk 6/85 31.7.85 2300 S'pore Shpg F1 0930-1100 U3 L Srimathi 29E 01.8.85 0800 NAPL F7 0900-1100/1900-2000 B4 E Glory 007RE 01.8.85 0100 G Asia
      695 words
    • 1690 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises Pte Ltd Some (S) AB Shipping Boustead Shpg Agencies Afeo Line African Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceonus Shipping Agencies (S) Multiport Sdn Bhd (PK)
      1,690 words
    • 580 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Equator Horapan Koto Mulia Makmur Arrow King Bow Fortune E Wiseman Gold Mountain H'san Maru Inz Yer'kin Kita Kosho Maru Tocho Maru K23 K16 K31 K25W K12 K29 K17 K28 K27 K9 K19 K35 K16 Thong Soon
      580 words
  • Page 17 Advertisements
    • 1078 17 Monthly from Pitman Available at all good bookshops and newsagents life OntE»rOVEISEAS ConlaiHeA Llflt A MEMBER OF THE C.Y. TUNG GROUP jMovi sirriK A SHOES (in- 2«2K4/ook) 70 Shenton Way #04 03 Manna Hou» Smjjpoft 0207 Td *****1! Telei HO RS ***** CFS OFFICt IPC #***** Tel *****31 2220§3} Terminal
      1,078 words
    • 70 17 \mm THE UNITED Kingdom and Canadian bodies responsible for the St Lawrence Seaway have embarked on a marketing compaign. Page II EFFORTS BY Ponomo to promote its shipping registry seem to hove paid off, with the country's flog fleet growing by 6.5 m gross tons. Page 111 Index to advertisers
      70 words
    • 944 17 In Search of excellence This runaway bestseller disects the secrets of America s most successful and has distilled their success into eight basic findings which make exceptional sense f 'ii' 1 THE BOOKSHOP I MAERSK LINE Penang Vessel •Smgapoir Closing Tunes CY 5 8 1100 MRS CFS 4 8 7300
      944 words

  • Page 18 Advertisements
    • 461 18 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South Wml Feeder at Tokyo Mooter VSI LA/LB OAK VAMASHM M 31/1 4/9 ZEEIAKM 7/J 10/» S KASHU 14/S 17/9 f ARROW 21/9 24/9 Pacific North Weat Feeder at Kobe Mother VSI SEAT VCR HAKONE M 31/1 1/9 HTUCA 10/9 11/9 I ALLIANCE 16/9
      461 words
    • 368 18 Supercarrier Service KtMl N ROTTERDAM BARttR It US N ROUN BARBER PERSEUS N ROSAMO NEXT ARRIVALS BARBER PRIAM S/8. BARBER TOBA 12/8. N ROCHESTER 6/9. BARBER TAMPA 6/9 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA Also jccephng conln In Houston (MLB). Francisco. Oakland Stocklw aid San ftego na
      368 words

  • Page 19 Advertisements
    • 939 19 The Straits Steamship Group fuLir' Mansfield Container Shipping Pte Ltd Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICE TO/FROM BANGKOK LIVERPOOL BAY 04/1 06/J 25/8 HONGKONG UPRESS U/l 13/1 03/0 KOWLOON BAY 20/1 21/0 09/9 BENALDER 24/0 20/0 l«/ 9 aTT Of EDMBiAtGH
      939 words
    • 712 19 Franco Belgian Services \F+r Idi. wxlk Be /uin Far £osirm L%n*t) (MEMBER OF ACE CONSORTIUM! FULL CONTAMER SERWCE TO EUROPE FULL COWTARCtSHT SOURCE FROM EUROPE STORE PKELAKIe Harte dan F~Sto«* Ham B"K>»« Art SEVEN SEAS BROGE h Pari (29 fed) It Aoj 20 kuf 22 At* 24 Auf 25 A*
      712 words

  • Page 20 Advertisements
    • 571 20 Hapag-Lloyd TO CONTINENT/UK EXPORTS On carriafe to Scandinavia. Med, Carribean IS. America Wand haia(e to inland destinations in Europe I TO EUROPE/MED S pate PKelangPervangLeiioesßdbao Genoa Hbun Rdam Bhaven Antwerp Sopite fhckmcrs 22/1 25 1 27/8 21/9 26/9 1/10 28/9 3/10 Al Mubaraluali 1/9 11/9 5/10— 14/10 9/1011/10 Rente Ibckmers
      571 words
    • 473 20 F M S LINE FULLY CONTAINERISED SERVICE TO EUR Oft VIA SUEZ 1 Member Ace Comortwm CHEVAIIER P»UI 45W TRANSWORLD BRIOGI 26W CHINA CONTAINS 31* CHEVAIIER RO2E 441* 27,8 ?9 8 31/8 J 9 3 9 5 9 7/9 10 9 10 9 1? 9 14 9 17 9 17
      473 words
    • 444 20 11l Hai Sun Hup Co (Pte) Ltd W"/ TEL: *****06 (20 Lines) TLX R*****1 R*****2 tBI KASTKKN AH LI\KU. LTD. EM INTERMARITIME LTD K Knabafci Td: 2215*0 lakarta TH *****1 REUNION/SOUTH AFRICA SERVICE DIRECT MONTHLY SAILINGS 29/9 V H/9 RED 27/9 DW 1/10 CT Loading at appropriated Berth P4-P5 C
      444 words
    • 935 20 EVERGREEN Full Container Service 1 Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) EVER GLORY mPt 51 «/l I S 11/S 13/1 14/1 EVER GIFTED 9 t 13/1 14 I lt/l 19 S 21 I 22/1 EVER GLEAMY 17 1 21/1 22/1 ?4/| 27/1 29 1 30 1 EVER GRAND 25 I 24/1
      935 words

  • Page 21 Advertisements
    • 885 21 vo 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-579 E-581 I VOYAGE HONGKONG SINGAPORE LOADING FOR LUAUinu run: MUKALLA, ADEN. HODEIOAH, ASSAB, JEDOAH, AOABA MOGADISCIO. MOMBASA. O* R
      885 words
    • 797 21 BZNLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK CONTINENT Koarioon Bit Sided Sided Sited Sited Bfniklii Sited Sited Sited Sited Kisugi Miru Sited Sited Sited Citf ol Fdmbwgti Sited Sited Sited 31/) Fnnklurt ti|>eu 18 i I 6 1 t I Cif dig in Biy 11
      797 words
    • 697 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINE FAR EAST TO/FROM STORE CONTAINER SERVICE MAtVUtT ¥22 HB GOWA ¥22/ MB BUSAN TOKOHMM 14/7 11/7 tin »/J KAOHSUK nn 31/7 S PORE TO lAKARTA/SURABAYA CONTAINER SERVICE MAIAPAHI V 22 HB GOWA *22 HB FXPEFSS SEHCONTAINER SERVICE TO EUROPE WEST BOUND k BHAB lAIAH VIIND
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    • 650 21 BOUSTEAD SHIPPING AGENCIES MEADOW BANK TAMAITAI SAMOA SPORE R'DAM HULL HMBG 1 Aug 23 Aug 31 Aug 27 Aug 14 Aug 10 S«p 19 Sep 14 Sep A HYUNDAI MERCHANT MARINE BULK TIMBER AND PLYWOOD SERVICE USA SERVICE PACIFIC/GULF/ATLANTIC PORTS S pore Indonesia Tg Mam Idg for SAN MATEO VICTORY
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  • Page 22 Advertisements
    • 1342 22 Li K LINE KAWASAKI KISEN KAISHA. LTD. USA CANADA PACIFIC COAST (including DESTINATIONS INLAND via IPI MK KOBRIIMiK MINILAND BKIIHiK) FEEDER/ KOREAN CHANCE V22E lOHORE BRDGE V 46 HK CONTAINER V4SE MONTE RUBY V 32 ALSO ACCEPTING MONTREAL TORONTO AND OTHER OS PACIFIC. GOLF. ATLANTIC PORTS N INLAND PORTS OAKLAND
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    • 395 22 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE luadmg to* IDS ANGIIH, SAN IRANIIMO SMITH TAIOMA VANCOUVfR BC Aaepting ICI FCI Containers AUSTRALIA EXPRESS CONTAINER SERVICE Aiceptmg FCI fCI Containers 4 5 Aug 6 8 Aug 21 Aug ?9 30 Aug I' 18 Sept 11 Sept 79 30 Sept 5 6
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    • 574 22 SANKD ASIA FROM JAPANESE POUTS AND HOffOKOWCI 1 SANKO SCORPIO 2 HAKKAISAN MARU 3 IRISAKII 4 EDO MARU 5 MERDEKA 6 MLD SEA 7 GOTONG ROYONG K 27/2 Aut 4/6 Auj 7/ 9 Au t 12/14 Aut 13/15 Aut 17/19 Aut f ReUnt In Port/31 W 2/3 Aut 7/1 Aut
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    • 599 22 INTRASEA (PTE) LTD. 10 Anson Road *27 16 International Pia/a Singapore 0207 Tel *****1 1 (10 L.nesl <► BREAKBULK SERVICE TO EUROPE/UK S'poit P KetangLoaA* tars/i u/i rott/ant/uji (AVON) ■J SEA WOOD AND R.M.Z.t^ S pore IBN VOYI2 10 8 Afonts Siwn I PKetang Lotting tor: 14/1 Montafcone/Vatewcia/ HTUSU (Ml)
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  • Page 23 Advertisements
    • 703 23 NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/trom Scandinavia C PAUL S'pore Closing Times FROM EUROPE (VIA SUEZ) Hayre Singapore P.KeUng C CONTAINER 30E Sailed Sailed (1/8) FCL Cargo 2359 6/8 LCI Cargo 1200 6/8 0 CHEF 44E.... K JACEJIN 29E Where PK dates indicated in
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    • 585 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: »G»NIS NfPTUft ACENCKS PTE I ID Tel ?7899?7 ?*****4 (Boo*.n|si ???7510 iOperationsl ????487 ??09?84 (lerrrwiil> ??0?4S0 ??0?504 (CIS) Ml »VSI« tUNIS I UNAS SETIA SON BHD Kl Tel *****0 *****4 PK Ipi *****4 PfN Trt 3673/S 36/4/S r CEYLON SHIPPING CORPN
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    • 964 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Sinfapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telei Numbers RS ***** RS ***** RS ***** P KEIANG M/S SHARKAT NAH SOON SON BW) IST AND 2ND FLOOR NO 1 lAIAN CEMPENING PORT KLANG MALAYSIA
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    • 34 23 SIM SWEE JOO SHIPPING SDN. BHD. i EXPRESS TO BINTULU P KeUnt Lw<Snt tar CONTAINERISED SERVICE Kudin(. Bintulu. Mr KK Agents: JAMBATAN MERAH SDN. BHD P. Kelang: *****6 >7 K.L. *****7 *****1 Penang *****
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  • Page 24 Advertisements
    • 788 24 ItcyittMfll Container Lilies 4 Sailings weekly [033! Fast Reliable Regular Punctual Berthing P S.A. Mon, Tue, Thur, Sat HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINER SPECIALISED HEAVY lIETERS AVAIL ABIE KATORI AGIA SOFIA Spore In Pt/31 Jul 15/18 Auc Loadnt tor: Muscat/Dubai Salalah, Aqaba FORTNIGHTLY FULL CONTAINER SERVICE to
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  • Page 24 Miscellaneous
    • 168 24 i Va Regional Weather ys 3 SI .1 Si 8 t4 m Wi >> LS > *r 35 t"s ss F2 S5 tl EggK SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wmd direction with speed in knots Wave height LEGEND R Thunderstorm d.rect,on with speed ,n knots
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  • Page 25 Advertisements
    • 236 25 a EAST ASIA LINE -I (Malaysian Flag) Regular Liner Services Between M'SIA/S'PORE/INDIA P. Kelonq Penong S'pore Ldg for AMAH 7/8 5/8 8/8 CWiafonf MDERA PERTAMA 10/8 13/8 MaAai/Bombay REGULAR lAPAN/STRAITS/JAPAN SERVICES LAMBOR In Port Yokohama EAST ASIA SMPPMG SON BH>. P.K. TH: *****2/36 MFBC K.L. Tel: *****8/*****0 CONFER SHPPVtG, S'PORE
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    • 247 25 BAPID SHIPPING PTE LTD L S'PORE TEL: *****44 TLX: ***** K.L. TEL: *****5 *****0 FCI LCI LOAWNG FOR ETA SM FAR EAST Hh|. China. Bus. Kee/Kao, BKK 8/8 15/8 MAURITIUS Port Louis 29/8 29/9 UK/EUROPE Ldn, Rdam. Awerp, Hbur 15/8 29/8 AUSTRALIA Syd. Mel. Bri, Ade, Fre 9/8 25/8 GULAR
      247 words
    • 161 25 JL. ocean bridge shipping ptt ltd. -(K), FREMANTLE REGULAR SAILING TO FREMANTLE MV HELEH COAST ETA 12/« ETC 15/1 OofH *gfnts imkov Shipping Co Pte Ltd. 101 Cctl SI #?0 01 01 Ton* OK* T 22X272 m r<.-/ Cheng Lie Navigation Co., Ltd. COHTMMK SERVICE 10 BANGKOK HONGKONG TAIWAN STORE
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    • 106 25 FINE-LINER SHIPPING PTE LTD F-L itwidwii mdwMfM Rm4 Hh ma '01-09 j llwd«t»oii Induatrial Park, B'pore 0314 TIX K* HMI FUWtW TEL: TttmS2/62/P ACCEPTING BOTH FCL AND LCL WEEKLY SERVICE SINGAPORE TO KUCHING SIBU VESSEL LIN PFTALING II LIN PETALING ETA ETD 6 8 85 7 8 85 14 8
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    • 87 25 LIZENA PTE LTD Tat: *****67, *****68 Tatax: R*****1 ETA ETD Loading for MEKONG VtNTURI 15/1 22/1 Ptwn Pwh IBM 1/« 5/1 Hochimrti City SW SABANG 5/1 9/« Oum*/Pekw B*u PROMPT SHIPPING LINE SA. HGULW MOtTDiT LM) sa*ct TO *BT AFtfcAN «*TS ETA STOW IMS Hot 20 Sept 20 Oct ABB
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  • Page 26 Advertisements
    • 283 26 Nihon-Asia Shipping (S) Pte Ltd V 24 Pasir Panjang Rd #05-35 vW'A, PSA Multi-storey Complex (0511) Tel *****88 9. *****23 *****96 Tlx: ***** A B NCSIN ZTTmnrxTiWr. NmUt fa/ia Djtfi/T«itarf/l<iM/ltairrtoo/T(htr*/S««a/ft«tape»t/Wiru» MV K. IOGANSON Vo» 20* HA Spore 5/S DEEP-SEA/RML TO RAN VIA TURKEY CljX n AIL MAJOR PORTS ACCEPTING ALSO
      283 words
    • 314 26 STONEAGE FCL& LCL TO ETA SWGAPORE LOADING FOR AUSTRALIA 7/8, 9/8. 17/8. 25/8 Sydney. Melbourne. Brabant Adelaide Premantte NEW ZEALAND 15/8. 17/8. 22/8. 10/9 Auckland. We*n;ton. LytHeton. Napier I New Plymouth U.S.A. 5/8. 12/8, 19/8, 26/8 East/West Coast G»dt ports HONG KONG/CHINA 8/8. 15/8. 19/8. 23/8 Hor* Konf I major
      314 words
    • 609 26 C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FUU.T CONTAINERISED SERVICE 10 EUROPE <VU SIK) SEVEN St*S BROGE VSIN CHI VALVIR PAW 45N IRANSNORLD BMDGE 26N CWU CONTAWR JIN Spare In pi 7/1 l«/l 21/8 leH*»e Rdjm fst»»e H'bWf 111 701 22/8 X I 27/1
      609 words
    • 563 26 Everett Lines J COMPANIA PERUANA DE VAPOREES (C.P.V.) "PERUVIAN STATE LINE" tor CMo He **1 ill ofhft Pfrutmn ports mth li»nsNpm*nt at Kobe Or, CPV «l I to Imjl definition Peiunf* P KeUnt Seaport THOMASEVERE IT 5/7 *u| «/9 Au| HUGICVERETT IS/21 Au t 22/23 Auf MANOLOEVERETT 21/31 Aut 1/2
      563 words
    • 377 26 ZIM NON-CONFERENCE INDEPENDENT FULL CONT/UNEH SERVICE acceptoig FCL/LCt cargoes to USA East I West Coast. Cambbeaniast Canada and HAITI HFI 8I IS m HONGKONG IS Slb m KEELUNG ?3 Sl5 m KEELUNG 31 Blb m TOKYO ZIM EILAT CONTAINER LINE Sp«rt Ult Tntstt Kaptf Vaact riiw CARMEN FOirUM 5/1 H
      377 words