The Business Times, 8 August 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. <P> No. 99/1/85 THURSDAY, AUGUST 8, 19» 60 CENTS
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  • 360 1  -  Minister gives assurance of adequate funds By FOO CHOY PENG FINANCE MINISTER Dr Richard Hu yesterday refuted suggestions by economists in a Lon-don-based stockbroking house that the Central Provident Fund might face repayment problems in the next 25 years. "I don't think it is
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  • 323 1  -  By ELAINE KOH COLD STORAGE Holdings has closed the Fitzpa trick's outlet at Supreme House and laid off some Of the chain's staff. The move came just a month after Cold Storage bought all of Fitzpa trick's food business in Singapore for $21 million. Talks on further
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  • 205 1 TOP CIVIL SERVANTS will also forgo their National Wages Council awards this year, Finance Minister Richard Hu said yesterday. The decision came about a week after the Amalgamated Union of Public Employees, the union representing public sector employees, announced that it would give
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  • Article, Illustration
    61 1 BHARE PRICES ahead gingerly yesterday m the Singapore steek market as short sellers were advised to take esver. At the close, the Straits Times bdastrtal Index was ap S.C points at TWIM aad the BT Compsstte Index was Ml higher at fin.Jn. Vstane was moderate Trttttag «MfrieTbtt itoMy
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  • 246 1 EMPORIUM HOLDINGS' Superstore Yokoso, the Republic's first round-the-clock supermarket and department store, will now have shorter operating hours. The supermarket at Yokoso will now be open for only 16 Mi hours daily from 9.30 am to 2am while its department store will operate
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  • 104 1 Reuter THE US MERCHANDISE trade deficit touched a record U5533.42 billion in the AprilJune quarter. The US Commerce Department said yesterday that this was up from a revised deficit of $29.56 billion in the first quarter. Previously, the department had estimated the first quarter
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  • 101 1 WAGES IN SINGAPORE are not high, says a member of the UN Development Committee for Development Planning. "Wages paid to employees are actually low," asserted Professor Shinichi Ichimura, a former member of the Japanese Finance Ministry's Committee on Fiscal Policy. The professor discusses the relationship between
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  • 491 1  -  By HOMER CHEN THE OVERSEA-CHINESE Banking Corporation has disappointed many an analyst by reporting a dip in its half-time profits. Unaudited results for the six months ended June 30 this year show that group net profits, after providing for taxation, diminution in
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  • 120 1 THE OVERSEA-CHINESE Banking Corporation surprised financial markets yesterday by announcing a cut in its prime lending rate by an unusual one-half percentage point to 7 per cent, effective today. -This is the first time since the downturn in local interest rates last September that OCBC
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  • Page 1 Advertisements
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    • 370 1 What you could miss... BUSINESS TIMES will be published tomorrow, National Day, and on Saturday, Auguat 10. You cannot be without BT on theae two days. Make sure you get your copy. If your vendor cannot help, ring Betty Tan on *****11 ext 5209. OAF Ltd, Emporium Holdings and the
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  • HOME NEWS
    • 346 2  -  By ANNA TEO POOR SALES in the home country have led a major Japanese sportswear company, reputedly one of the largest in the world, to close its Singapore trading office. Descente, a large Japanese company with a branch in Hongkong which takes care of sales in
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    • 380 2  -  By SHAHRIR ARIFF THE INDIAN electronics market is expected to increase by nearly five-fold by the end erf the decade, said Mr AK Vora, the general manager (appliances A electronics) of Tata Export Ltd of Bombay. The country's electronics market, which is worth US$l76
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    • 112 2 A SEMINAR organised by the High Commission of India at the eleventh hour is still expected to command a strong turnout. The Second Secretary at the Indian High Commission, Mr Ravi Soni, said the expected 80 participants will be mainly businessmen with trade links with India and
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    • 174 2 WHAT BETTER way to promote the Asian Aerospace *86 exhibition in Singapore than through its national airline. The first of 29 SLA aircraft was fitted with stickers two days ago to promote the exhibition. The special stickers, which can withstand extreme temperature and air pressure,
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    • 167 2 ASPIRING Remington Steeles will find it harder to practise in Singapore if a move to change private investigators' licensing rules is successful. The Association of Licensed Security and Investigation Agencies (ALSIA) wants to make changes to the Private Investigation and Security Act
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    • 251 2  -  •y YAP BOH HOON THE APPLIED Research Corporation has set up a Local Enterprise Assistance and Development Services (LEADS) unit to provide a total package of consultancy work for small business here. Apart from production-ori-ented consultancy, LEADS aims to impart other much needed business
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    • 255 2 I WHAT MAKES UP the Consumer Price Index? The prices of MBi varieties of goods snd services H from about 1,7# selected outlets, accorffing to the Inaugural issue of JCTNra* a publication of the Trade and Industry Ministry. Prices from
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  • Page 2 Advertisements
    • 371 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
    • 222 3 UPI THE MARKET foe European impressionist art is (ailing while the demand for German expressionists is rising, according to a survey of world art auctions released on Tuesday. "The pKices for top works by impressionist masters such as Renoir, Van Gogh, Gauguin, Monet are
      UPI  -  222 words
    • 760 3 ARRIVALS Operator Sr»KU> Local From PAA PA21 0020 LAX/TYO/ HKG MAS MH7204 0025 KCH RBA BM43 0100 BWN LUFT LH688 0105 FRA/DXB MAS MH681 0820 KUL MAS MH603 0905 KUL MAS MH605 0930 KUL MAS MH8I1 0940 PEN AC AC858 0940 YYZ/LHR/ BOM RBA BM2I 1030 BWN
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    • 303 3 UPI PROFITS OF military contractors dipped only slightly during the *****3 recession, a sharp contrast to the dramatic losses recorded by durable goods manufacturers In the same period. A Pentagon study, released on Tuesday, shows that in general, "the current contract pricing,
      UPI  -  303 words
    • 139 3 AFP A TOXIC CHEMICAL has been detected in four Italian brands of red wine imported in Japan. Health and welfare ministry officials in Tokyo said yesterday that this followed the discovery of contaminated West German and Austrian wine in the country last month. The officials said that
      AFP  -  139 words
    • 199 3 Reuter AN EGYPTIAN state security court has ruled in favour of freeing a Muslim cleric campaigning for Islamic law in the country after a one-day hearing during which President Hosni Mubarak and his interior minister were sharply criticised. After the verdict, Sheikh Hafez Salama,
      Reuter  -  199 words
    • 239 3 Reuter CHINA'S rising political star, Hu Qili, is meeting increasing numbers of foreign visitors as the Chinese leadership groom him to take over as the Communist Party chief. Foreign analysts in Beijing said yesterday that in spite of rumours earlier this
      Reuter  -  239 words
    • 442 3 FT OIL CONSUMPTION in the industrialised world is estimated to have fallen by about 3.5 per cent in the second quarter of this year compared with the same period of last year, according to estimates by the International Energy Agency (lEA). In its latest monthly
      FT  -  442 words
    • 209 3 UPI THE BODY of Nawaz Bhutto, the youngest son of the late Pakistani president All Bhutto, has been turned over to relatives after a two-week investigation of his mysterious death. Police in Cannes said yesterday that Bhutto, who was living in the French town
      UPI  -  209 words
    • 404 4 Reuter A RECORD NUMBER of "names", the wealthy individuals who underwrite Lloyd's of London, has failed a solvency test. Lloyd's chief executive, lan Hay Davison, said in London yesterday that 517 "names" partners who are not active in underwriting but have unlimited liability had
      Reuter  -  404 words
    • 339 4 Reuter A FUTURE Labour government would remove tax benefits from companies investing abroad in order to prevent a flight of capital from Britain, party leader Neil Kinnock said. Mr Kinnock was launching a joint manifesto with the Trades Union Congress (TUC) on Tuesday
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    • 258 4 Reuter BBC WORLD SERVICE silenced all news broadcasts to the world yesterday for the first time in its 53-year history in what journalists said was a protest against censorship by the British government. Journalists at the British Broadcasting Corporation said news programmes in
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    • 399 4 UPI THE REPORTER, convicted of leaking advance information from the Wall Street Journal to an insider trading ring that made more than US$9OO,OOO in illegal profits, was sentenced on Tuesday to 18 months in prison and fined 15,000. Foster Winans, 37, was also ordered
      UPI  -  399 words
    • 109 4 UPI AN AMERICAN missionary, whose farming technique on a barren hill has been adopted by Asian farmers, has been elected to receive the 1985 Ramon Magsaysay award for international understanding. The awards board of trustees cited the Reverend Harold Watson, 54, of Mississippi for "encouraging international
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    • 194 4 Reuter A WOMAN HAS NAMED her priest in a USJS-million lawsuit which claims he violated the sanctity of confession by revealing that she had embezzled from the church. In the suit, filed on Monday, Sheridan Anne Edwards, 38, alleges that she confessed to rector William
      Reuter  -  194 words
    • WORLD IN BRIEF
      • 75 4 A SEARCH of World War H records shows that a B-29 navigator who committed suicide in presumed despondence over the anniversary of the Nagasaki bombing never flew on the raid as claimed. Colonel Mike Gallagher of the Air Force manpower and personnel centre in San Antonio, Texas,
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      • 81 4 THREE Japanese astronauts, including a woman doctor, have been chosen as final candidates for a weeklong US space shuttle flight in 1968. The three candidates were Chiaki Naito, 33, a female surgeon at Keio University Hospital in Tokyo, Mamoru Moori, 37, an associate professor in nuclear engineering at
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      • 63 4 INDONESIA's inflation rate slowed to 4.66 per cent in 1964/85 ended July 31 from 9.58 per cent the previous year, central bank figures show. Month-on-month, the Consumer Price Index, based on a basket of goods in 17 major cities,, fell 0.12 per cent in July after rising 0.89
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      • 75 4 THAILAND'S trade deficit increased by 93.3 per cent in May from a year earlier, registering 8.7 billion baht compared with 4.5 billion baht in May 1964. A Bank of Thailand official reported on Tuesday exports in May were valued at 17.2 Ullion baht free on board, up
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      • 81 4 JAPANESE Trade Minister Keijiro Murata said yesterday be would visit Indonesia and Malaysia next week in a bid to enlist their support for a new round of multilateral talks aimed at freer world trade. Mr Murata, the Minister of International Trade and Industry, said he would also
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      • 72 4 JAPAN plans to sound out China and South Korea on the possible inauguration of a "cross air service" linking the three nations and North Korea. Quoting government sources, the Yomiuri Shimbun said the plan calls for the extension of the current TokyoSeoul and Beijing-Pyongyang routes to Beijing
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      • 64 4 Agencies THE Organisation of Arab Petroleum Exporting Countries has called on Arab states to cut imports from industrialised nations to combat policies aimed at reducing reliance on Arab oil. Opec said the Arab world could boost its own consumer goods output, increase trade with other Third
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    • 226 4 Reuter EUROPEAN ECONOMIC Community industry ministers have approved an agreement with Washington to cut their steel exports to the US and have agreed on how to share the reduced sales. Officials in Brussels said yesterday that the agreement was reached late on Tuesday
      Reuter  -  226 words
  • Page 3 Advertisements
    • 190 3 Fastest Daily to Newtork. Retirement Planning For Executives Objectives: Our primary purpose is to try to form an Executive Service Corps of professionals and executives who wish to be economically active when they retire and become Associate Consultants to S.I.M. in their areas of specialisation. Those who are 40 years
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    • 153 3 □mm Restaurant 4 f A special that s Free! Omei Special Fish** Yes. At Omei, between now and until the end of August, you get absolutely free, our Omei's Special Fish when you order your favourite Szechuan dishes. This "Special Fish" was created specially by our renowned Taiwanese chef, whose
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  • Page 4 Advertisements
  • Page 4 Miscellaneous
    • 59 4 Doonesbury HOU DOBSTHZBUSH APMNSTRA--7KMIOOK.CN/WGf? JHAP6UNE J CUMO^tSHBRBMHUSIN /VJO imiAri mmrrvMi /-nrwi OUR MASHMfIVN STUDIO. gjg* <iA|A^HK HOUUMITHS ACIINSPRESIQ&awncr ON THE BUSH awmcALU.mne msTßcmmm MTION9NC£HtS XNTPeSKBCIN WXASANPMAIfe. Y k Iff 11 BY GARRY TRUDEAU i •4* W! M rIJ m SI If «r;,^ 4 I Li. =*j tJUR&KOPUCWNSBB AVAILABLE TO -nerveuc*
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  • WORLD BACKGROUND
    • 749 5 AFTER THREE YEARS of looking unbeatable, Margaret .Thatcher is in trouble. Her usu"ally well-disciplined Conservative Party is in open rebellion and opposition socialists are in their best shape since she ousted < them in 1979. The Iron Lady image, once a 'prime electoral
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    • 706 5 European business shows interest, but remains hesitant Reuter EUROPE'S ambitious project to catch up in the race for the world's lucrative high-technolo-gy market has won strong political backing from 17 nations and sparked interest in one of the group's main competitors, Japan. But the French-inspired project,
      Reuter  -  706 words
    • 727 5 Reuter BICKERING LEADERS of the moderate Philippine opposition, spurred by the sudden possibility of snap elections, will hold a summit tomorrow aimed at fielding a single candidate against President Ferdinand Marcos. The acknowledged front-run-ner in the field of 11 aspirants is former senator Salvador Laurel,
      Reuter  -  727 words
    • 343 5 Reuter IMPOVERISHED Guyana .faces an uncertain future after the death of leftist president Forbes Burnham, who led the country to independence from Britain in 1966 and ruled it with an iron grip since. First Vice-President and Prime Minister Desmond Hoyte announced Mr
      Reuter  -  343 words
  • Page 5 Advertisements
    • 108 5 An Assurance Of Excellence. BASF 'Qualimetric' is your assurance of a totally new standard of excellence in the design, production and quality of magnetic media. It's a standard of quality that goes into BASF Flexy Disks, Compusettes, Computer Tapes, Disk Cartridges, r ~y 1 r Disk Packs, Data Modules, Winchester
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    • 54 5 Sihmmrt hy C hfisloflc Come and enjoy the pleasure of afternoon-tea in the pleasant atmosphere of our Skylight Pavilion Atrium. A fine selection of tea, Derby pastries, Scones and Finger sandwiches are served daily from 3.00pm to 5.00pm in our Lounge (Lower Bar) at Ss9++ Piano music by Michael Ow-yong.
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  • BANKING AND FINANCE
    • 481 6  -  By SOH TIANG KENG, Financial Correspondent THE LONDON International Financial Futures Exchange (Liffe) has reported high volumes in its first month of trading in options a futures instrument likely to be launched in Singapore in the next few years. Liffe's two option contracts
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    • 159 6 AP INDONESIA'S central bank, Bank Indonesia, yesterday lowered the interest rates on money market securities and discount facilities for the third time in four months as the nation sought to stimulate business activities. A release issued by the bank said that the interest rate
      AP  -  159 words
    • 285 6 Reuter US GOVERNMENT securities dealers may have a hard time finding domestic investors for this week's record U5521.75 billion Treasury refunding, according to several portfolio managers. The credit markets have traded steadily in recent days in a belief that yields have
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    • 152 6 Reuter CHINA INTERNATIONAL Trust and Investment Corp (Citic) has signed a HK$3OO million fiveyear bond issue in Hongkong with an expanded management group, lead manager Chase Manhattan Asia said. The bonds, said to be the first ever denominated in Euro-Hong-kong dollars, will be issued
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    • 663 6 SINGAPORE THE US dollar yesterday rose slightly to an early 2.8560/70 marks from New York's 2.8515/40 close, to 2.3650/60 Swiss francs from 2.3620/50 and to 8.7055/85 French francs compared with 8.6940/7040 francs in the US. It firmed to a late 2.3310/30 Swiss francs from an early 2.3240/50 and
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    • 232 6 Interbank rates at 3p«n yesterday: Local dollars to one unit of foreign •W Oder e reoa parity change US doiar Sterling pound Australian dolor NZ doMor Canodian doiar 2 2045 2 9441 1 5409 1.1573 1 6221 2 2055 ***** 1 5438 1.1600 1 6240 ***** 7 3469
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    • Article, Illustration
      292 6 Asian market ASIAN DOLLAR deposit rates yesterday closed easier compared with Tuesday's levels after a day of quiet trading. Overnight closed at 7% 7V4, down V* from the previous close and week fixed at eight 7%, down Vt. One month closed at eight IV» down 1/16, two months at BVfc
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    • 369 6 BA Futures Inc SIMEX Fawiilhr futures opened slightly higher than Tuesday's close due to the good demand for the 3-year US Treasury auction on Tuesday night. After opening at 91.70, the September contract was quickly locked within a range of 91.68 and 91.70 in quiet trading ahead of the
      BA Futures Inc  -  369 words
    • 261 6 HONGKONG: GOLD yesterday opened steady in quiet trading and most investors were inactive. The bullion price stood around U*****.60/321.10 an ounce after opening at $320.70/321.10 and was above New York's $320.40/90 close. A stronger US dollar had little impact on the metal. On the local market, gold traded between
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    • 68 6 THE OVERNIGHT rate on the Singapore interbank money market fell V* point from Tuesday to close at 4Vi per cent yesterday. The one-, two- and three-month term rates fell 1/16 point across the board. S$ Interbank rates at 3pm yesterday: Off* •id Over night 4 1/8 4 1-month
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  • Page 6 Advertisements
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    • 54 6 Teppan-Yaki Kama-Maeshi Experience a superb meal in a unique Japanese Garden setting elegant ambience enhanced by a cascading waterfall. Kanako's exciting menu includes delicacies prepared in the true Japanese tradition. Business Hours: 12.00pm 2.30 pm, 6.30pm 10.30pm <>*» KANAKO JAPANESE RESTAURANT 190, Clemenceau Avenue. Unit 07-00. 7th Floor. Singapore Shopping
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  • Page 7 Advertisements
    • 220 7 It pays to look for abetter Corporate Card System. The United States Government did. The United States Federal Government tried for three decades to install a Government-wide charge card system for its 350,000 employees. None worked until they looked at the Diners Club Corporate Card System. Flexibility is what made
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  • FEATURES
    • 446 8 EVERY ONCE IN A WHILE, people who want a free Press are reminded that they want a freer Press. They realise that freedom of the Press is a dream but a freer Press is a possibility. So BBC journalists went on strike yesterday against the
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    • 1326 8  -  Foreign trade and not financial transactions is a source of growth The root of the US trade problem is in its exchange rate. The blame should not fall entirely on Japan, insists Professor Shinichi Ichimura of the Kyoto University, who spoke recently to Economics Correspondent ZHOU MEI.
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    • 1022 8  -  Viewpoint By ASAD LATIF WHEN THE BOMB fell on Hiroshima, it turned from noun to verb. As a heavy, ugly sort of noun, carefully loaded on to the plane like a naughty child is beguiled to bed, Little Boy had
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  • Page 8 Advertisements
    • 165 8 Only $3" for a drink So what are youwaiting far The 7-ptece Marquez Chamber Strings A whisky for only $3? Unbelievable but true! We're charging $3 for every drink (except premium brands), served at the Kangxi Lounge, from 4 to 8 pm. This terrific offer is in celebration of Tai-Pan
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  • Page 8 Miscellaneous
    • 688 8 CRYPTIC PUZZLE ACROSS I Strange escort for o borrow boy (6) 7 I repeat, it was formerly costlier (4, 4) 8 Those bent over the sink (4) 10 Sh*> going round a lake on TV, say (6) 11 Possibly listen without a sound (6) 14 Local, in a way (3)
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  • SPORTS
    • 432 9  -  By ANNA TEO SINGAPORE gave its best showing in the Admiral's Cup yachting championships so far when her three yachts finished 9th, 12th and 29th in Tuesday's penultimate event to retain their sixth team spot, a position now shared with the US. Pocket Battleship, skippered
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    • 111 9 AFP THE AMERICAN Admiral's Cup team, trailing badly after the first three races of the series, hit back strongly in Tuesday's penultimate event and jumped three places to sixth out of 18 in the overall positions. Unlike previous tussles in the competition, the Americans demonstrated real
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    • 277 9 AFP WEST GERMAN superstar Michael Gross won the first of his expected three individual gold medals when the racing started in the European swimming championships in Sofia on Tuesday, while East Germany, poised to make its second successive clean sweep of the women's titles,
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    • 128 9 AP MATT BIONDI twice lowered the world record in the men's 100 m freestyle on Tuesday at the Phillips 66 US Swimming Long Course National Championships. In Tuesday's finals, Biondi became the first ever to shatter 49 seconds when he swam 48.95. That performance
      AP  -  128 words
    • 314 9 Reuter SEVE BALLESTEROS of Spain and other top contenders in the 67th PGA championship starting today will have to forgo distance in favour of accuracy on the fairways of Cherry Hills Country Club. The par-71 course, the scene of four major tournaments, plays much
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  • Page 9 Advertisements
    • 1584 9 MALAYA TIN PRINTING COMPANY LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT Take-over Offer for Van dar Horat Limited The Board of Malaya Tin Printing Company Limited ("MTP") announces that MTP intends to make an offer ("Offer") to acquire all the issued ordinary shares of $1.00 each ("Offer Shares") in
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  • Page 9 Miscellaneous
    • 1133 9 Bobby Van shakM a hoof in Lost Horizon 8.00 PM Programme Highlights followed by We Are Many But One. 8.50 Cosmopolitan Theatre The Lion of Flanders (Part Three). The Flemish rebels flee from Brugge because of the reign of terror introduced by Jacques de Chatillon. The French soldiers and the
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  • INTERNATIONAL STOCKS
    • 356 10 Reuter The OUTCOME of Guinness PLC's bid for Arthur Bell and Sons PLC, which closed yesterday, would be finely balanced, but would probably result in a victory for Guinness, analysts said. <. But much still depended on the persuasiveness of
      Reuter  -  356 words
    • 141 10 Reuter CARL ICAHN has raised hfc stake in Trans World AJrlines Inc common stock to 13.9 million shares, or 4*6 per cent of the total outstanding. Mr Icahn said in a filing wtth the Securities and Exchange Commission that he b«ight 2.688 million
      Reuter  -  141 words
    • 355 10 Reuter SHARE PRICES on Wall Street took their biggest plunge of the year on Tuesday as investors nervous about higher interest rates sold their shares. The Dow Jones Industrial Average shed 21.73 to 1325.16, its largest decline in a single session this year. The
      Reuter  -  355 words
    • 138 10 AUG 06 a 20* 2* Hud Boy Mri Imp O) Inco Int Pro* Pip* 7 49 19* 42* Afcon 36* •1* Int Uts 17* unch Algorno 22* unch 1* H Kan Add Lobtow B 20* A/gotn HMqi Mou*y Facg 3* unch Mc BkxM 20* 16* 26* •1* BP Con
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    • 218 10 485 unch AUG 06 Kond Wootwodh 1525 25 INDUSTRIALS MININGS A Alpha 800 -50 -5 unch -20 Anglo* 2625 4 25 AE And O Amaprop 780 450 Anghrool Bhryoor* Buffet* 9800 1040 6200 -200 35 4200 AMJC Barlow* 2625 1040 -25 -5 Charter Com Gold 500 im C G
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    • 698 10 AUG 06 US$ Alcon AJumm Alcoa Lud AM Own Cp AM Storm Afc-Chalmerj Am Brands he Am Broadcast Am Can Co Am Cyanamid Am Hoc P*r Am Express Am Horn# Prod Am Motors Cp Am Natural Gas AmTdl Tel Amox he Amerodo Hose AMF he Amr Corp Aimco
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    • 850 10 Amsterdam AUG 06 Fh ABN Aagon Ahold Akzo AMEV Anta Amro Bank Barkal Boh ***** +1 9980 -02 239 00 +0.5 121 50 -3.1 267.50 unch 88 60 I.6 ..J..... 46.00 0.6 9900 -1.1 400.00 -5 Boskafe Bcr Tat Catand 101.80 70 3 36.50 +0.1 455.00 4 Deft
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  • Page 10 Advertisements
    • 496 10 /-> ■r—T s k w wiae, ilae aatf eateriia Im Bass ;rg The Chef carves at 8.15 pm every Tuesday and Thursday at the Baron's Table In the best European tradition of old, our Chef will ceremoniously carve a succulent roast, done to a turn, on the one and only
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    • 97 10 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 N Soul from the Philippines. They II captivate you! Happy Hours: spm 7pm, SO% off all drinks (pouring brands). •PRfttZ HOTEL 270 Orchard Road. Singapore
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  • ASIAN STOCKS
    • 368 11 HONGKONG: Stock prices yesterday were f unable to hold early gains an£ csbsed easier as the Hang Seqg Index fell below the key 1700 chart point. Late morning profit-taking sent it 2.27 points below Tuesday's close to finish at 1696.66. Turnover was HK5263.92 million in yesterday's half day of
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    • 204 11 AUG 07 Al SrKirt Mm Ana Camant MT$ 2 16 20.50 unch unch Kuochan Da* Lion Hwa Indus Nan Y a Ptas Pacific Cons Pocific EWct 1230 9 20 22 10 14.00 12 20 unch unch unch unch Cathay Com 22 70 unch Pooling Papar 0 77 unch Chang
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    • 377 11 TOKYO: Prices ended lower in very light trading yesterday. The market average shed 16.13 to close at *****.15 after losing 13.34 on Tuesday. Turnover was unchanged at 230 million shares. The broader-based stock exchange index shed 2.79 to 1005.33. The second section of the market firmed. Dealers said Tuesday's
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    • 89 11 MANILA: Prices closed unchanged in dull trading yesterday. The Commercial and Industrial Index, the Mining Marker and Oils were all unchanged at 135.03, 674.35 and 0.726 respectively. AUG 07 tmm MontMl Onantat B Phlax B 0012 0.13 LTlch unch Acojc Mwdq fVop B 0 0046 unch PLOT 37 50
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    • 360 11 SYDNEY: Australian share markets closed easier yesterday with profit-taking pushing prices lower across the board. Brokers said a 21.73-point fall in the Dow Jones Industrial Index in New York set the tone for the day's trading, although the market managed a slight rally in the afternoon. Near the close,
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    • 70 11 AUG 07 Won 675 Hyundai Coral Hyundoi Motor KAL 904 869 457 •1 23 •3 Chohaung Bk 640 -9 +5 •1 Korea Fr*t 741 1 Coemwcjoi Bk 441 ViAooa Korao Sho 1405 386 15 -5 460 Lucky Ltd 651 12 674 19 735 40 Dona Ah 475 825 7
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    • 130 11 BANGKOK: Share prices yesterday closed mixed in quiet trading. The Book Club Index improved by 0.10 point to 142.46 as declines led advances by four to three. AUG 07 •dM Sam Cemant Smrn Citizen &am City 633 86 516 i*ieh ■05 -4 Alio fix• Soutti Ana Ffcre Strong Pock
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    • 55 11 CITICORP'S international stock broking subsidiary, Vickers da Co6ta, and Melbourne stockbroker Clarke and Co will set up a 50-50 Australian joint venture. The new company, Clarke Vickers, will apply for corporate membership on the Melbourne Stock Exchange. It will be jointly owned by Clarke's existing partners
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    • 345 11 Reuter THE PHILIPPINE stock market still shows no sign of revival from its plunge two years ago after the murder of opposition leader Benigno Aquino, in spite of positive movements in the economy, brokers and economists say. Daily turnover on the Makati and Manila stock exchanges averages
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    • 92 11 UPI FORD MOTOR Company is holding exploratory talks with China on setting up a Joint venture to manufacture light vehicles, Ford vice-president Lindsey Halstead said on Tuesday. Mr Halstead, visiting China at the invitation of the China Automotive Industry Corporation, met the Chinese Vice-Premier Wan Li on
      UPI  -  92 words
    • 59 11 Reuter SARAWAK SHELL Bhd, a subsidiary of the Royal Dutch Shell group, said on Tuesday that it plans to build a Ms 2 billion middle distillate synthesis (MDS) plant which can convert natural gas into transport fuel and kerosene. The plant, yet to be approved by
      Reuter  -  59 words
  • Page 11 Advertisements
    • 642 11 TO THE STflfa ff* 4 I < r^W h«fii r 1 r'" r a\\AST AM AMERICfiNsi(y lltu Now featuring Singapore s very own ••mfr Anif.i Sarawak Npuu Inu hand frnm Dipnn f Anita Sarawak New Joy band trom San Diego and Tama (till 17th Auqi Newsflash Weather Girls of It's
      642 words
    • 51 11 I Savoury Delights Await Yoo At *7777 available daring lunch! restaurant u Ts* H Serving a wide range of Chinese Hunan specialities in an elegant setting. Convenient location; easy parking Hotel Meridien 3rd Storey (near hotel lobby) 100 Orchard Road #03-100 Singapore 0923 i Tel: *****22 I Hotel parking lee
      51 words

  • RAW MATERIALS
    • 543 12  -  World market hit by over-supply By MICHAEL NEILL BETWEEN 400,000 and 500,000 tonnes of excess aluminium mejtal are currently swilling around the world market and depressing prices to levels below the j previous 1982 low of around »US$l,lOO per tonnes. Moreover, despite large capacity
      543 words
    • 235 12 AFP A NEW COPPER CONTRACT, named Grade A copper, is to be introduced on the London Metal Exchange. The present listed brands of 'higher grade cathodes and a limited number of wirebar brands will be good delivery against the new .contract, the LME said after a
      AFP  -  235 words
    • 196 12 WHEAT futures on Tuesday ranged from off one US cent a bushel in nearby September to up one cent in March at the close on the Chicago Board of Trader. December ended in the upper end of a 3% cent range. Some months recovered from Monday's downturn which discounted
      196 words
    • 210 12 SOYBEAN futures ranged from up A 3/* US cents a bushel in spot August to down five cents in July at the close on the Chicago Board of Trade. November traded in a six cent range. Nearby months showed a firm tone as soybean processors firmed cash soybean bids
      210 words
    • 103 12 AFP GHANA HAS BECOME the fourth African state to Join the Inter-African Coffee Organisation, amid reports of falling demand for the product among the world's major consumer nations. Ghanian ambassador to Ethiopia B K Atepor on Tuesday signed the accord at the headquarters of the Economic
      AFP  -  103 words
    • 551 12 COFFEE ROBUSTA coffee futures on Tuesday ended a varied day around the middle of a fairly narrow range with losses of £10 to £19 a tonne from Monday night's close in thin volume. Volume was a thin 2,656 lots including 648 crossed trades and 56 options. SUGAR Futures
      551 words
    • 170 12 SELLERS were reserved yesterday following Pakistan's presence at its tender for RBD palm oil first half September shipment and Malaysian crude palm oil prices were quoted nominally steady at midday. Trading was dull and August deliveries were quoted at Ms9oo per tonne bid and $915 asked while Sep/Oct
      170 words
    • 149 12 Chinese Produce Exchange (Sellers' noon dosing prices on Aug 7 (SS/100 kg) Coconut oil Bulk FOB «00 00 CHd drum FOB H3.00 New drum FOB 1)7 00 Copro Mixed (loose) S3 buyers Pepper Muntok White FOB NLW 940 00 Sarawak White FOB foq NLW 930 00 Sarawak special
      149 words
    • 282 12 Singapore (S$/kilo, •l-godown) Frogront new crop 1st 080 2nd 058 3rd 056 New Crop 25% no stock 10% no stock Thoi Broken A-super 054 Special 052 Thai Rice 55% no stock China Rice 10% 086 15% no stock 25% no stock 35% no stock Thai Boiled Rice 5% 060
      282 words
    • 106 12 THE KUALA LUMPUR Tin Market (KLTM) price yesterday fell 92 cents to $91.45 per kils mainly die to sterling's weakness against ringgit. Tke price is still witkin tke ITA tower range ef $29.15 and $92.91. The knffer stock manager snpperted strengly, taking akent IS per cent sf tke
      106 words
    • 161 12 Yarn (In HK$ per bote of 400 lb) China corded yarn, cones Blue Phoenix 16'$ 2,550 Blue Phoenix 20'$ 2,600 Blu« Phoenix 32'* 3,000 Blue Phoer»x 40'* 3,400 Corded yorn, hank Blue Phoenix 21'* 2,800 Combed yarn, cones Blue Phoenix 32*t 4,200 Btue Phoenix 40"* 4,400 Open-end yarn 2,350
      161 words
    • 239 12 SINGAPORE THE MARKET yesterday closed quietly steady with August One RSS buyers quoted at 173.00 cents per kilo, unchanged from Tuesday. After a slightly lower opening, the market recovered on some buying of August position to close the morning session steady at the overnight levels. Prices were little changed
      239 words
    • 336 12 in S canto/kg, FOt i in bales NOON CLOSE Int 1 RSS Prompt •wyWii 173.00 174.00N 172.75 173.75N Int 1 RSS Aug 85 173 00 173.25 173.00 173 25 Int 1 RSS Sept 85 171.00 171 50 170 75 171 25 Inr 2 RSS 164 00 165.00N
      336 words
    • 107 12 (centj/kg, l-to« pollets) AIJG 85 SEPT 85 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 142 00 144 OON 143 00 145 OON SSR 50 140 00 142 OON 141.00 143 OON MRELB Buyers Sellers Buyers Sellers SMR CV 195 00 197
      107 words
  • Page 12 Advertisements
    • 464 12 J HWA HONG CORPORATION LIMITED (Incorporated in the Republic of Singapore) HALF YEARLY REPORT ANNOUNCEMENT Half Yearly Report on unaudited consolidated results for the six months ended 30th June 1985. SS'OOO Turnover 83.653 Investment and Other Income excluding Extraordinary Items 1.000 Consolidated Operating Profit before taxation, minority interest and extraordinary
      464 words
    • 156 12 NOTICE OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Hong Lam Marine Pte Ltd, of 34, Middle Road, Singapore 0718, hereby give notice that in consequence of the proposed change of name of the vessel 'Bunker SPC ll' we have applied to the registrar of Singapore ships under section
      156 words
    • 20 12 Air freight is faster Mk Our coverage is Mm 111 be,,er MM lIX In BT every Friday, M m MIGHT
      20 words
    • 64 12 if T7 w s J* A 4 private tatami rooms, each cheerily cosy tastefully furnished. A Kampachi's very own 'Happy Hours' from 6pm to Bpm daily. So juice up the evenings with 20% off all drinks plus canapes on the house. Also 20% discount on a la carte dinner orders
      64 words

  • SHARE INFORMATION
    • 4223 13 SHARE PRICES moved up cautiously yesterday on the Singapore stock market in quiet trading. But profit taking pared earlier gains towards the end. At the close, the Straits Times Industrial Index was 3.62 points higher at 757.60 while the BT Composite Index added
      4,223 words
    • 231 13 SINGAPORE Riaas Indices Mantakob M A A OCIC 1350 2800 835 S0< 174 i to 350 100 10 10 10 +9 8 7 7 +5 IT Ciwpmta 8T UAcatar 8T 08/0S Aaf 4 Aaa7 ***** 457.87 *****17 *****71 -2*2 -209 rv-k v— ST ladmtnali ***** 757.40 KantHcky
      231 words
    • 3115 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 tots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "BETT"
      3,115 words
    • 65 13 AMALGAMATED PBOlgERTIES INDUSTRIES Bartmiz 15th AGM at Ter»tai Suite II, 2nd Floor, Prtaling Jaya Hilton, Jala& Barat, Petaling Jaya, Selangor on Saturday, AugiQEi 10, at 10.30am. ERASER NEAVE limited: 86th AGM at 475 Valley Road, Singapore 1024 on Saturday, Augud 10, at 10 am. QAP Limited: AGM in
      65 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 502 14  -  By RAMESH CHANDIRAMANI GETTING INVOLVED in the stock market is like planning a day out on the beach. It is helpful to know the tides before taking the plunge. Today, we shall explain the workings of the BT Cumulative
      502 words
    • 700 14 SHARE PRICES closed easier yesterday, following Tuesday's lower close on Wall Street and diminishing hopes of a near term cut in UK bank base lending rates. But some issues moved off early lows on light but selective buying. At 1430 GMT the FTSE 100 was down 2.3 at
      700 words
    • 507 14 IN SPITE OF intermittent bouts of profit-taking, share prices closed on a steadier note on the Kuala Lumpur stock market yesterday in active trading. Interest was focused on selected counters in the industrial sector which closed with marginal gains. Tin counters also attracted fresh
      507 words
    • 2310 14 BID and offer price* officially listed and business In and reported to tbe Kuala Lumpur Stock Exchange yesterday, with tbe number of shares traded shown In brackets In lots of 1,000 units unless otherwise specific* INDUSTRIALS A Choc (I 755) AMD (3.005) Akom (35) 0.90
      2,310 words
    • 101 14 HONGKONG Tuesday 1362 5 Hong Seng Index Wednesdoy J 698.66 Week ogo 1360 9 Tuesday *1700.93 Week ago >680 62 NEW YORK Dow Jones TOKYO Tuesday 1325.16 Monday 1346.89 Tokyo Dow Jones Week ogo 1346 10 Wednesday *****.15 Stondord Poors Tuesday *****.28 Week ago *****27 Tuesday ***** Monday
      101 words
    • 245 14 Monogan' prices for Aug 8 MARA-Bumiputra Frst B'putra 5.01 506 Singapore Unit Trust Second B'putra Third B'putra Fourth B'putra 4 57 4.62 3 78 3.83 The Commerce 1.66 1.76 4.17 4 22 Th* So«ingi fund 1.31 1.39 Fifth B'putra 2 77 2 82 S'port Prog Fund 0.74 0
      245 words
    • 443 15  -  By CHAN OI CHEE EMPORIUM HOLDINGS is cutting back shopping space in some of its 28 retail and department stores as part of the group-wide trimming exercise that began with the retrenchment of 500 employees. Pint to be affected is Smallworld Superstore, popularly known as
      443 words
    • 335 15 A SHIFT OF FUNDS away from the «inggtah local stock market to those in Hongkong, Japan, the UK and the US has resulted in a sharp turnaround at United International Securities. The closed-end investment trust, which is a member of the United Overseas Bank group,
      335 words
    • COMPANY BRIEFS
      • 34 15 has con- firmed the appointment of Sabah businessman, Mr Ibrahim Menudin, as the executive director of the company with the designation of senior group deputy chief executive from Aug 1.
        34 words
      • 31 15 announced that it has received approval of the Foreign Investment Committee for the acquisition of Kempas Edible Oil Sdn Bhd on Aug 7. The transaction is considered completed.
        31 words
      • 37 15 Stock Exchange of Singapore has asked QAF LTD to furnish it with an announcement in accordance with Clause 510 or 521 on the execution of a formal agreement between the company and Emporium Holdings (S) Ltd.
        37 words
      • 86 15 has agreed to acquire, by way of subscription, five million shares at par value in the capital of Cash Hotel Sdn Bhd. The latter has not started business. It is currently putting up a first class international hotel in Ipoh. Tasek also announced that it has agreed
        86 words
      • 17 15 has appointed Mr Tan Hong TJioe as a director of the company from Aug 1.
        17 words
      • 56 15 has given the relevant dates in respect of its bonus and rights issues. In the case of its rights issue, the last day and time for splitting is Sep 2, at 3pm. The last day and time for acceptance and payment as well as renunciation and
        56 words
    • 309 15 HWA HONG Corporation Ltd, currently making a takeover offer for the People's Insurance Company Ltd, is continuing to reap the fruit of its diversification programme. For the first six months to end-June 1985, the group more than doubled its pre-tax profits to $4.62
      309 words
    • 90 15 Reuter HUTCHISON WHAMPOA LTD has sold a 10 per cent stake in Hongkong Electric Holdings Ltd in private placements with several international institutions for HK&.I billion. A Hutchison spokesman said the company sold 133.75 million Hongkong Electric shares at $8.20 each through Wardley
      Reuter  -  90 words
    • 585 15  -  By NAJEEB JARHOM MALAYA TIN PRINTING Ltd has confirmed BTs report yesterday that it is making an allshare takeover bid for Van der Horst by swapping one new share for three shares in the marine and engineering-based group. In making the
      585 words
    • 439 15  -  By HOMER CHEN SINGAPORE International Merchant Bankers Ltd is likely to be the first Singapore financial institution to arrange a revolving underwriting facility for a Malaysian non-banking corporation. Multi-Purpoee Holdings Bhd has just appointed SIMBL to arrange a US$65-million five-year revolving underwriting facility
      439 words
  • Page 14 Advertisements
    • 377 14 NOTICE NOTICE IS HEREBY GIVEN that, I Tan Kok Soo of No. 96, Keng Lee Road Singapore 0821 have applied -for a Wholesale Liquor Shop licence in respect of premises at M/s: Nam Huat Wine Merchant (Pte) Ltd, Blk 105, Sims Avenue, 01-06 to 01-09, Singapore, and that this application
      377 words
    • 356 14 NOTICE NOTICE IS HEREBY GIVEN that, I Tan Kim Chee of Blk. 29, Kelantan Road, #10-101, Singapore 0820 have applied for a Wholesale Liquor Shop Licence in respect of premises at M/s: Soon Yip Pte Ltd, No. 3, Lorong 8, Geylang, Singapore 1439 and that this application will be heard
      356 words
    • 366 14 NOTICE NOTICE IS HEREBY GIVEN that, I Loh Lee Keow of Blk 259, Ang Mo Klo Ave 2 #09-04 Singapore 2056 have applied for a Second Class Beer House licence in respect of premises at M/s. Mitsubachi (S) Pte Ltd. 304, Orchard Rd, #02-114, Lucky Plaza Singapore 0923 and that
      366 words
    • 196 14 INVESTMENT PTE LTD j NOTICE IS HEREBY 01-il VEN that the creditors of it the above named company, M which Is being wound upi voluntarily are required on. or before 7 September 1965 j < to send in their names and addresses and the particu- lars of their debts or
      196 words
    • 293 14 lOwMtterrf TKJGLO PTE LTD NOTICE 18 HEREBY GIVEN that a Final General Meeting of the above named Company will be held at 90 Kramat Lane*- #03-01 A United House Singapore 0922 on the oth day of September 1085, at 10.00 a_m. for the following poses:1) To receive the accounts from
      293 words

  • Page 15 Advertisements
    • 305 15 UMTED INTERNATIONAL SECURUES LTD INCORPORATED IN THE REPUBLIC OF SINGAPORE) ANNOUNCEMENT The Board of Directors wishes to make the following announcement:A. UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1985 Six months ended 30 June 1965 1964 SS'OOO svooo Company Six months ended 30 June 1965 1984 SS'OOO S5OOO
      305 words
    • 230 15 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in the Republic of Singapore) The Directors are pleased to announce the followtng:1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1985 Net profit for the six months after providing for taxation, diminution in value of assets and after making allocations to inner reserves,
      230 words

  • 448 16  -  By YAP BOH HOON THE GOVERNMENT has accepted the Resettlement Review Committee's recommendations for a 30 per cent across-the-board increase in compensation rates and cash grants. Also approved is an increase in disturbance/transport allowances and the relaxation of some Housing Development Board rules for
    448 words
  • 277 16 SAVEWELL SUPERMARKET, which recently closed four of its outlets, has lost two more stores following a writ of seizure filed by three creditors. The writ obtained by Kiwi International (SEA), United Distributors (S) and Ganta (S) affected Savewell's two
    277 words
  • 515 16  -  By ALVIN TAY THE MERRY MONTH of May it wasn't for Singapore's 34 finance companies, which saw all their major lending activities hit by a depressed economy in the second quarter. Total loans of the finance industry fell sharply by $119 million
    515 words
  • 153 16 SINGAPORE HAD THE highest percentage of expatriates among its top executives, according to a regional survey by London-based Research Services Ltd. The results of the survey, covering nine Asian countries, showed that expatriate senior management was important mainly in Singapore (29 per cent), and
    153 words
  • 88 16 AFP EIGHT MEMBERS of the dissident group of 50 have asked the Indonesian Parliament to question the government on its purchase last month of a 35 per cent share in the country's largest private cement company owned by Liem Sioe Liong. In a letter
    AFP  -  88 words
  • 287 16 OVERSEA-CHINESE BANKING Corporation made its debut on the international capital market yesterday with the issue of a US$5O million floating rate certificate of deposit. It is a five-year Asian dollar market issue bearing interest of 5/16 per cent above the threemonth London
    287 words
  • 67 16 A FORMER SECRETARY of State of the US, General Alexander Haig, will call on Mr S Dhanabalan, the Minister for Foreign Affairs, on Saturday. He will also meet Mr Goh Seng Kim, the general manager of the Telecommunication Authority of Singapore, during his three-day visit
    67 words
  • 108 16 Reuter COMEX GOLD FUTURES edged up 0.90 to US$O.7O in extremely light early dealings yesterday, with the market benefiting from an absence of selling. Spot gold was up $0.90 at $321.60 an ounce. The pace-setting December delivery held a gain of $0.70 at $329.30 after fluctuating
    Reuter  -  108 words
  • 64 16 Reuter THE NEW YORK stock market managed to recover slightly in early trading yesterday. It fell shortly after opening at the worst level in more than a month. The Dow Jones Industrial Average was off IVi points at 1323, after slipping as low as 1321 at the
    Reuter  -  64 words
  • LATE FILE
    • 61 16 UPI NEW ZEALAND Prime Minister David Lange said his government would move ahead to legislate a ban on port calls by nuclear-anned and nuclear-powered ships in spite of US warnings against such a move. Mr Lange made his comments late on Tuesday at the
      UPI  -  61 words
    • 49 16 Reuter JAPANESE pubtto servants' salaries should be raised by an average 5.74 per cent, retroactive to last April. The National Personnel Authority said in its annual wage review the proposed increase, at an average 14*312 yen per month, is necessary to match private-sector salaries. Reuter
      Reuter  -  49 words
    • 53 16 Reuter AS MANY AS 115 prisoners escaped from a central Philippine jail and many still at large might nave Joined the Communist New People's Army. The Philippine News Agency said yesterday the prisoners escaped on March 23 from Negros Oriental provincial jail in Dumaguete, 650 km
      Reuter  -  53 words
    • 41 16 AP THAILAND hopes to expand its economic relations with China but also fears that China's strides in agricultural production may result in the Chinese crowding into Bangkok's established export markets, Thai Foreign Ministry officials said yesterday. AP
      AP  -  41 words
    • 50 16 Bernama MALAYSIA will play host to the International Union of Forestry Research Organisation (lUFRO) board meeting in Kuala Lumpur from Aug 11-17. The meeting is organised by the Forest Research Institute of Malaysia, and will be chaired by lUFRO president Professor Dr Dusan Mlinsek of Yugoslavia. Beraama
      Bernama  -  50 words
  • Page 16 Advertisements
    • 428 16 HaHg iH xrr: 1700 hrs R&>» tX m Oneo* a £v~fe iflk* fef fc; <4#-1 k; a-/ CompinerAsiaBs World Dade Centra Singapore 9^ Chairman Woe "few Um President, Singapore Computer Society HI f Moming sseelon 0900-1230 1 TWV' lion 1400-1700 Kathleen A Lucey Senior Management Systems Consultant SRI International. USA
      428 words
    • 124 16 NowwucanuseyDur r V •i ir ro--21 v > POSB has extended its Debit Payment System to the CPF Board. And with the introduction of this service at the CPF Board in Robinson Road, individuals are employers can now make the following types of payment with theirCash-On-Line cards*. CPFcontributions® interest on
      124 words
  • Page 16 Miscellaneous
    • 48 16 Outlook for today: Showors ow sororol oroos in tho lato morning Report for 24 hours prior to 7.30pm on Aug 7 at th« airport. Maximum tomporoturo 31.5 Associated humidity 66 Minimum tomporoturo 23.7 Anobatod humidity 97 Romfoll in miMimotros 1.1 Rainfall this month 7.' Rainy days this month
      48 words

  • SHIPPING TIMES
    • 94 17 AFP HONGKONG and Singapore will contribute, though indirectly, to the forming of China's largest ever marine exposition scheduled for early December in Shanghai, it was announced in Hongkong on Tuesday. A five-member delegation from the organiser, the Shanghai Society of Naval Architecture and Marine Engineering,
      AFP  -  94 words
    • 457 17  -  By G DURAIRAJ THE MALAYSIAN International Shipping Corporation has launched a a new timber bulk service to the Middle East and Europe. Two timber carriers, Rimba Ramin and Rimba Meranti, of 30,000 dwt size have been deployed to offer a regular monthly sailing from the Malaysian
      457 words
    • 287 17 AFP, AP CHINA IS to stamp out an illegal trade in marine fuel which has flourished on the south coast since last year, it was reported on Tuesday. Government departments in southern China have reaped millions of dollars in foreign
      AFP,; AP  -  287 words
    • 166 17 THE PORT of Singapore Authority will reduce the closing time for receiving FCL export containers from 12 hours to 8 hours with effect from Aug 15. This is a further reduction from Jan 1,1983, when the closing time was reduced from 24
      166 words
    • PORTSIDES
      • 98 17 Reuter THE JAPANESE Transport Ministry said it issued shipbuilding permits for 22 ships totalling 529,909 gross tons in July compared with 14 ships totalling 288,858 tons in June and 35 totalling 627,089 tons in July 1984. July permits included six ships totalling 171,900 tons for domestic owners, down
        Reuter  -  98 words
      • 42 17 THE WORLDWIDE utilisation rate showed no signs of strengthening, rising 0.5 points to 82.8 per cent with 129 rigs idle. The strong European/Mediterranean market continues to improve, moving up 0.6 points to 94.4 per cent rate with eight rigs idle.
        42 words
    • 151 18 UPI THE OWNERS of a cargo ship seized last week in Houston when crewmen filed a lawsuit claiming mistreatment have received permission to sail for China once they deposit about US$l9,OOO with a federal court. Harold Watson and George Gaitas, attorneys for owners of the
      UPI  -  151 words
    • 298 18 WARTSILA Turku Shipyard has received an order from the Soviet Union for a new type special vessel which can transport floating oil drilling rigs weighing up to 20,000 tons. The order of the FIM 250 million high-tech vessel was secured against fierce international competition, said Wartsila.
      298 words
    • 803 18 ARGENTINA July 30 Buenos Aires 1-2 days. 35 vessels berthed. 2 waiting in roads. Rosario 7-12 days. 13 vessels berthed, 2 waiting. San Lorenzo 54 days. 4 vessels berthed, 1 vessel waiting. San Nicolas 6-8 days. 6 vessels berthed, 4 waiting. Necochea 10-15 days. 6 vessels berthed, 5
      803 words
    • 1147 18 MORE interest is reported in the time-charter and coal sectors of the freight market on Tuesday but grain fixing remains restricted with rates still depressed, shipbrokers said. Shippers paid U553,900 daily for a 26,000 tonner from Japan to the Mid East Gulf with redelivery passing Muscat while $2,500
      1,147 words
    • 699 18 AB Shpg V 5 Afea Line VI 3 APC Lme V 4 APL 2/3 Anro Service IV 3/4 ANL I I ASCL II 1 Balt-Conada Line VI 4/5 Bolt-Orient Line VI 4/5 Bank Line V 5 BBS I 4/5 Ben Line Cont V 3 Ben Ocean II
      699 words
    • 237 18 B*pt M Port Day '85, the annual open day of the Port of Halifax, this year's theme is "Port of Halifax Canada's Ocean Gateway". The Halifax Sheraton Hotel will be the venue for all Port Day events. Details: EA Sadler, Port of Halifax, Suite 900, Cogswell Tower, Halifax,
      237 words
    • 190 19 Reuter NORWEGIAN shipping company Laly A/S has made a 1.1 billion crown bid for 50.1 per cent of the shares in the Kosmos Group, a shipping and investment company, a spokesman (or Laly said. He said Laly was confident the bid would succeed and foreign
      Reuter  -  190 words
    • 481 19 Lloyd's List A SIGNIFICANT build up of Europe's fleet of car carrying vessels is underway with orders for up to seven ships planned and two Arm contracts confirmed. The proposed newbuildings are all expected to be delivered in 1967 and Japanese shipyards look
      Lloyd's List  -  481 words
    • 243 19 TMR/ITN THE PANAMA Canal Commission (PCC) now has authority to adjudicate claims by ships damaged in the canal but outside the locks. This resolution passed by the House of Representatives in the United States removes the burden from the Panama Canal
      TMR/ITN  -  243 words
    • 218 19 Seatrade Week FACED with an increasing backlog in steel shipments from Japan to China, Japanese traders are facing severe congestion with their steel shipments both at Chinese ports and offshore as ships face port congestion delays entailing, in some instances, several months'
      Seatrade Week  -  218 words
    • 131 19 UPI A FIRE broke out aboard a Panamanian freighter en route to Los Angeles with a cargo of Japanese automobiles on Wednesday but there were no reports of injuries among acrew of 24 Japanese, the Japanese Maritime Safety Agency reported. A spokesman for the agency said
      UPI  -  131 words
    • 189 19 THE MAJOR shipping consortia operating between the Far East/Europe, Far East/Persian Gulf, Straits port»/ 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/Straits Container Line.
      189 words
    • 101 19 AFP THE WORST shipping market for seven yean was seen last month and "there is no indication yet of an autumn upturn," London shipbrokers Eggar Forrester warned in their latest market review. The current level of freight rates being paid in the strategic grain
      AFP  -  101 words
    • 5144 24 3®aBEXDBJ3 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
      5,144 words
    • 731 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy dote/time Operator cargo schedule Location Kris Lemona 12 09.8.85 0100 Straits F1 1100-1300 SI Ratih 44S 09.8.85 0700 Jardine F7 1000-1100/1700-1800 F3 Zim Trieste 10E 09.8.85 0700 Star Shpg F7
      731 words
    • 1704 25 The leading shipping lines operating from local ports and their agents. A—B A Top Enterprises P»« Ltd Some (S) AB Shipping Bousteod Shpg Agencies Afeo Line Africon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceonus Shipping Agencies (S) Muftiport Sdn Bhd (PK).
      1,704 words
    • 322 26 AT CONVENTIONAL WHARVES VMMI Berth Arrival Departure KEPPEL WHARVES Qinghecheng Anderso E'tern Glory Equator V Gambela G'den Abidjan Guangshui Johore Exp Keiyo Maru Straits Star Thomasverett Tomoe 3 Waheng K15 K9 K28 K23 K20 K32 K18 K30 K17 K24E K21 K30 K19 alongside 08.8/0600 08.8/1900 09.8/1900 08.8/0600
      322 words
  • Page 17 Advertisements
    • 866 17 Monthly from Pitman Amiable at all good bookshops and newsagents "IflTiiiies lIV Distributors Okicnt Ovenseas Cmicimt Lvk Agents: «N» (MOM SWPMG MORS 9*. rm 70 Starts. War #0443 Mm How. SW» 0207 A MEMBER OF THE C.Y. TUNG GROUP TM *****11 Total 2«1» cfs of net xfc 4103-021 tm zmnv/z
      866 words
    • 65 17 mm WARTSILA Turku Shipyord has received an order from the Soviet Union for a new type special vessel. Page II A SIGNIFICANT build up of Europe's fleet of cor carrying vessels is underway with orders for up to seven ships. P«g« 111 Index to odvertisers II Weather map VIII London
      65 words
    • 1040 17 PS kyCCtS A hard took at what it will take to succeed m business for the next 20 years With turbulent times ahead. forewarned will be l forearmed $22.00. TIMES THE BOOKSHOP MAERSK LINE EAST. WEST AFRICA i ASIA S" pora EXPORT TO USA. .•m Timn Oraai Inn CT 12/1
      1,040 words

  • Page 18 Advertisements
    • 389 18 USA/CANADA FAR9LY ACE a. OUT ACE MIDDLE EAST FAMLY *Q glory ace YAMASHITA-SHINNIHON LINE CONTAINER SERVICES Pacific North Woot Foodor at Kobo Atlantic/Canada Foodor at Kobo S. KASMU 14/1 17/9 IMLRNCE 19/9 17/9 p. arrow 21/9 24/9 iJfwa 21/9 22/9 KtSHU M a/9 1710 TOKYO M 27/9 21/9 Also accepting
      389 words
    • 249 18 Il Supercarrier Service N ROSABO BARK* HECTO 114/1 24/4 4/9 14/J KIT ARRIVALS MRKR 108* 10/1 N SOOCSTER 41 BASKS TAMP* 8/1 N ROTTIROAM 24/9 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA ii/« »/i 27/9 we -UP 14/w nn i/m 2/14 4/w s/w 7/w I--7/W IJ/W 15/11 17/14
      249 words

  • Page 19 Advertisements
    • 1145 19 mm mi The Straits I Steamship Group Mansfield Container Shipping PteLtd j STRAITS SHIPPING Singapore to Soifiah, Sarawak, Brunei Ports and Bangkok Overseas Containara Limited CONTWHERSHtP SERVICE 10 UK CONTINENT honmong eipress KONLOOHMV nua fmmfwt ems CAMNGAN MT rpn Mrim U/l 13/1 21/1 21/1 a/i a/i •3/1 M/ 9 12/9
      1,145 words
    • 616 19 Franco Belgian Services yrm rmmtn Nmita rvrnm mm r*m« m a 14 M| (12 ta|) 2S« IS* 5 W 7 n W 21 (19 ta|) »S* lthp 12 fa* 14 S* 15 S* 17 S» 21 (2tta|)l«S« 17 S*» I»S* 21 S* 22 S9 HI 4S#(2S*)23S*MS*XS«MSf»2»S« lOd ■tciM Brackets carp
      616 words

  • Page 20 Advertisements
    • 748 20 If w. u Hapag-Lloyd TO CONTINENT UK EXPORTS 5/9 9/9 9/9 12/9 13/9 15/9 19/9 29/9 n/9 V/ 9 lt/9 39/9 5/11 6/19 1/10 12/11 13/1* IVII 19/19 29/19 8/19 27/19 29/19 19/19 Oil carriaf* to Scandnavia. Med, CanrtoMn ft S. to»arica Hand haidac* to Maud dwtoutiom in Einpt TO
      748 words
    • 303 20 MC.&line ><*4 FULLY CONTAIN ERI S ED SERV IC E TO FUROFt VIA SH/ ot >t» Ac* ConvnU*^ .0 MSB 1 TWO 311 MS 44N conmo iotuk cuniAi xx 3/9 s/9 in io/» 10/9 U/9 14/9 IV9 17/9 19/9 21/1 (24/9) 24/9 »/9 21/9 1/10) Memofr f** 4/9 9/9 11/9
      303 words
    • 505 20 ILL Hai Sun Hup Co (Pte) Ltd TEI ??0490»> (?0 I ineM Tl RS??ofil A PS?Ofc"? eh INTERMARITIME LTD Tat *****1 Martj Tafc C7Mtl SE 14/1 KU 12/9 U 29/9 V 4/11 17/1 OOR 11/9 TV 24/9 W) 11/11 n 24/9 SIM 27/9 OM 2VII 22/1 CI 24/9 BN 1/11
      505 words
    • 430 20 6 EVERGREEN ull Container S rvic Rouid-The-World East Bound Service (FF./CARIB/USEC/EURO/FE) Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) US WEST COAST SERVICF mm sgp Mono m *c sn rn no GUMff 17/1 m ***** 7/1 12/1 14/1 EDO CUM IS/I niUK IVI 17/1 2VI 22/1 no GENIB 2/1 no LHKI M/l VU
      430 words
    • 219 20 nSI NOSE MARITIME PTIi LT& ISLAMIC REPUBLIC OF IRAN SHIPPING LINES ifiaM 1 KYOWA LINE TO PAPUA MEW GUINEA/ SOUTH PACIFIC SPORE PMm« Lm*« far SIM CQRJU. 23/1 Lac, P. Moresby, Honiara Kieta, Rabai, 1C Mm jccaplfat carfMt tar FU (Stm/LaaMu tmi S. PACFIC Nrti) SUN UNION LINE u TAIYO
      219 words

  • Page 21 Advertisements
    • 728 21 PACIFIC INTERNATIONAL LINES PIL Building, 140 Ce< il Street. 03-00 Singapore 0106 Te. *****33" KOTA AAKVAT KOTA HATHA KOTA JAVA KOTA WIRAWAN KOTA MCOAH KOTA MUTIARA Lt EAST AFRICA/REDSEA SERVICES —m S3 2 rnr KARACHI/M E. GULF SERVICES 1 'A'' MfV W .M.' ITV r:n 33 SHI KOTA MEOAR KOTA
      728 words
    • 658 21 BEN LINE CONTAINERS ir ;i viM'IT n i/i it/i 22/1 /It I/It 11/11 12/11 13/11 IV It 14/H 17/11 l*/lt It/II 22/11 11/11 24/11 17/11 It/11 Jl/lt r/n i/n mm i-mmnrommm stom I piqjk I*7 SMbM UriUrifaM M ALL VKSaS ACCEPT TO/FROM POtANG AND KkJJEBSEN LINE Kl NFWZEAIAND AND SOUTH
      658 words
    • 416 21 DJAKARTA LLOYD INDONF °>l AN NA T mNAI i Nf If l •mi I STOW tIM ■9MUAT* VI4I V II •nan* KM nam mm hPI 4/9 7/1 11/9 12/1 14 14/1 19-18/1 21-22/9 2 J-24/9 24-21/1 11/9 24/9 27/9 21/9 1719/9 27/11 17/1# MNTME *CM j 29-31/9 1 2424/14 27-29/19
      416 words
    • 605 21 BOUSTEAD SHIPPING AGENCIES m* BURMA FIVE STAR UHk SHIPPING CORPORATION (Burmese National Um) Loadhf for Rwcoon Span P Jtdanc Nmm| Maneywa V2O3W In tot l**o M 7 13/15 h* •W*l W 15/17 ftoliwpwnw V2S7W 18/11 Ami Pi *17 21/31 Ami Ln*H Far Antwerp, Wait. BoMoMmb 15/17 ta| BANK LINE [>j
      605 words

  • Page 22 Advertisements
    • 1093 22 Kline KAWASAKI KISEN KAISHA, LTD. ECUADOR/PERU/CHILE ftraawi Monava stok nus m spore kok oj*t*quic*ii*o mica W* imcmm uwm JQHORE BROS *44 CONCOHM SUM ni»2 3h« 4h( Ih| I *uf MA* W 2Od Oct 7Od Oct 11 Od 13 <*< CTHTRAI ffA feeder vsi mna nus ns nt kok tramio acapu.cc
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    • 538 22 CM.FOMW/PACFK NORTH NEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE loo** tor lOS ANGIUS SAM FRANCISCO SEATTLE. TACOMA VANCOUVER BC Accept** fa fa CoMjowP Kei*R| Smfipore lAnfctrs MRATEMMT i/t S*t 1 Oct AUSTRALIA EXPRESS CONTAMER SERVICE Accept** PCI FCI CoaUners RAMMS VII K»ri 9 9/10 A* AAOROAS V 74 27/21 Auj 29/30 Au(
      538 words
    • 432 22 SANFUD ASIA FROM JAPA*£S€ PO*TS AMD HONGKONG [O V«t skMK ci 9wp ian* lm i«l 22*1472 Pwt lit** MMS Surf S*U M MIN/MW Nn*| MM3 X7M/X7M GOCML SUMTT FOB (0 mSMTI au. K KU> OH ***** mo nana win mi hob GGOLDEN LINE GUAM SUM SHTfMG (Pit) LID Im« N
      432 words
    • 358 22 INTRASEA PTE) LTD 10 Ariso'- 16 Interna Singapore 0207 Tei 2 24HS1 o BREAKBUIK SEHVICE. TO EUROPE/ UK PJSEAWOOO AND R.M.Z.V^fc, lIA- u. S port PM«t Lm*| tar 10/t 14/1 MMimi/ P.T PERUSAHAAH PELAYARAN KALIMANTAN WRECT WEEKLY SERVICE TO JAKARTA vwmi eta/etd oestmton NAGA XXI HI 11/15 1/9 A* ttart*CNfc«
      358 words

  • Page 23 Advertisements
    • 725 23 TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/from Scandinavia TW BRIDGE S'pore Closing Times: FCL Cargo 2359 13/8 LCL Cargo 1200 13/8 fROM EUROPE (VIA SUEZ) Havre Isfagapore PA** IhKmi K'riung Bum 3 CHANCE 22t...... Sailed 10/8 (12/8) 14/8 15/8 17/! CONTAVKR 45E Sailed 13/8 (15/8) 17/8 18/8 21/t *D
      725 words
    • 499 23 D-AAM HEUNG-A SHIPPING Korean Flag Vessels SFMI-CONT AINFRISFD DIRFCT SERVICE TO P KELANG PENANG. BUSAN. INCHON lb. Owa/MM Hi. I DwaySOM lb. (Dmm/MCN Hi 7 OMM/M7N KM MCNOR KM a/i 1-2/9 4/9 v a/i 9/9 19/9 fimaial Svnr K2l a I,'l/IV (MM 170 C kn) M lb 7 Dmm SMM
      499 words
    • 792 23 SINSOV SINGAPORE SOVET SMPPM6 CO PRIVATE LTD SMSOV BULOMG 55. Martet Street Sinfapere 0104 Telephone tonben *****3 (15 Urn) Cable Address SHSOV SINGAPORE Teiei Numben IS ***** RS ***** RS ***** F. KELANG M/S SHAW AT NAM SOON SON. MD IST AND 2NO FLOOR. NO 1. lALAN CEMPEHNG. PORT KLANG.
      792 words
    • 17 23 JOO SHIPPING SDN. IW, J AMBATAN MERAH SDN. BHD. P. KeUaf: *****6/7 K.L. *****7 91C81 Penang *****
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  • Page 24 Advertisements
    • 482 24 l?«'<|i<Mtal I'.oiitsiiiicr Lines (ZSSSSSd 4 Sailings weekly Fast Reliable Regular Punctual Berthing PSA Mon, Tue, Thur, Sat regular/feeder service to pnuket/songxla »0T sn pkt skla MTU KONSORTRMI 141N/360 13 tag mtu KORSOtnat i mixr is a* »M MTU KONSORTUM lI3N/3M 22 AH 27 AH FORTNIGHTLY FULL CONTAHER SERVICE 10 EMWE
      482 words
  • Page 24 Miscellaneous
    • 178 24 1 Ta m > U Regional Weather m 7% gjf 2l t ti 9 J i£\ r4\ 9L< a« v/eJ f A M 9 "V :t r^V Lilt SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JOA.M. LEGEND •c CT W Wmd direction with speed m knots Wave height R Thunderstorm Temperature
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  • Page 25 Advertisements
    • 107 25 MSC AGENOES K. LUMPUR P. KELANG PENANG P. GUDAN6 j. BAHARU LEOSHP SPORE 4280M/*****6/*****1/*****3 *****1/4 TERMMAI 3M3SI/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 22SS6S/*****5/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE rwTiMri E9E33HD piinarn IGarrrn ■EG ■ED Biffiiiiann II .1 ■ITTBimi:, ii""TKltiwTMHfnrTT w TMITTIPTTTI ll.'J.'.'Wfffl 'i ~r meuif'Tß nmwnmwjmnmvim ALSO ACCEPTMG ft*: AWIWW. L. HMK, UK.
      107 words
    • 188 25 WORLD LINE REGULAR SERVICE lAPAH/HOHGKON6/STMITS SPOSt r WUWG jnc* M* *1 *x 11/12 ta| 13/14 15/17 1,/1 am SHMK m-iu n/2 R/ n M WSC mud btrfli Sappm jt IT* G* S«t*«t Gm *ffnt MPTOM EMS Hi lID ItatW Trait Cmtrt 1 Mjrrtme Sour. #09 51 SfifKWl 0409 I# 27(1111
      188 words
    • 258 25 UOORNE SEAUOM SHPFMG (S) PIE LID. Scan Dutch <§ To Europe (Med UK/NC/Scan) 8 Butang In Poet 8 Butang 15/8 B Butang 22/8 B Butang 29/8 8 Bating 5/9 8 Butang 12/9 8 Butang 9/8 B Butang 16/8 B Butang 23/8 B Butang 30/8 B Butang 6/9 B Butang 13/9
      258 words

  • Page 26 Advertisements
    • 486 26 r Mitsui OS K Lines Ltd CONVENTIONAL/SEMI-CONTAINER 10 Aug Mombasa. Dacessalaam, Tanga. Beira Tamatave 17 Aug Mombasa. Daressalaam 23 Aug Port Louis. Reunion 4 Sep Mombasa. Daressalaam. Tanga 23 Sept Port Louis. Reunion NEDLLOYD MOJI ASTRA PEAK SEA ARCHITECH AFRICA MARU S EARNEST VENTURE 20 Aug P. Noire. Abidjan. Monrovia.
      486 words