The Business Times, 15 August 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 THURSDAY, AUGUST 11, IMS 60 CENTS
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  • 831 1  -  F&N and MBL to switch production to Jurong B y FOO CHOY PENG THE FRASER and Neave <FAN) group and Malayan Breweries Ltd (MBL) yesterday underscored their confidence in the Singapore economy by announcing plans to invest $160 million in new plants in Jurong. The
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  • 479 1  -  By CHAN OI CHEE BOTH FRASER NEAVE and Malayan Breweries have adequate resources to finance the proposed H6O million capital investment without resorting to a rash call in the market. The possibility of a rights issue has been dismissed by company— officials of both companies. FAN
    479 words
  • Article, Illustration
    65 1 THE BINGAPOBE stock market fairly netlve trading. Baying Interest was evident anteng Malaysian-based senators In anticipation ef today's start of delayed one m—th tradIng en the Kiala Lam par Steek Exchange. The prices ef second and third ttncrs alse reee en in- At the Anal MB, tfceßf CmIndex
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  • 401 1  -  By JEFFREY TSANG PLANS TO ESTABLISH Singapore as a regional software centre have received a $40 million boost. The money will be spent on applied research over the next five years by the newly-formed research division of the
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  • 537 1  -  By LIM SOON NEO GOOD NEWS is in the air for Singapore Airlines group af-ter-tax profits hit $179.5 million in the financial year 1984/85 and shareholders are to be rewarded generously. With the impressive 28-per cent increase in group after-tax profits
    537 words
  • 101 1 AFP INDONESIA HAS OPENED four ports to Chinese ships to serve direct trade between Jakarta and Beijing. Cabinet Secretary Murdiono said in Jakarta yesterday that China would not, however, be allowed to set up bank branches. He named the ports as Tan
    AFP  -  101 words
  • Page 1 Advertisements
    • 140 1 jfe WATERMAN PARIS Writing instruments of distinction since 1884 Ttode enquiries: TW: *****33 Get the most competitive rates on fixed deposits and savings accounts at UMBC FIXED DEPOSITS SAVINGS ACCOUNTS Visit or call your nearest branch today Effective 29/7/85 Rates are subiect to change without notice UNITED MALAYAN BANKING CORPORATION
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    • 291 1 Old friends and new idea*, Pagt 3 Leader, Page Control over sugar pricee, Back Page SHARE INFORMATION MONEY EXCHANOEB RAW MATERIALS LETTERS CROSSWORDS TV RADIO DOONESBURY BRISTOW OUR VIEW F&N AND MALAYAN BREWERIES are essentially taking a five-year view of the economy, and are confident that the new manufacturing complex,
      291 words
    • 6 1 %<_~@=\%$:.`?.$}`.!:>:>(;|::^{< Piracy axacta a prica, Paga 2
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    • 115 1 n *****11 THE ONE AND ONLY yMP &3S Sv t •> A scene repeated 70 times weekly. We have 70 flights a week to and from Brunei Darussalam from all capital cities of Asean, Hong Kong, Kuching, Kota Kinabalu and Darwin. Chances are when you need to send cargo to
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  • HOME NEWS
    • 404 2  -  By LOH HUI YIN SINGAPOREANS should not panic over the current economic recession in the country, said Foreign Minister Mr S Dhanabalan yesterday. Nor should they allow themselves to be seduced by those who argue that some dramatic and flamboyant gestures
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    • 193 2 COMPANIES SHOULD INVEST daring difficult times to provide bettor services when the economy recovers, says the chief executive officer of Coopers and Lybrand Associates Sooth-east Asia, Mr Robert lau. "They are the oaes who would have all the pieces in place when others
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    • 120 2 THE PROBLEMS that we now face must not be allowed to shake our confidence or weaken our nation-building efforts. Speaking at a National Day observance ceremony at aircraft maintenance company SAMCO, Dr Lee Boon Yang, the parliamentary secretary (Finance and Home Affairs), said: "They must be
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    • 179 2 DREDGING WORK for the 2.6km undersea cable tunnel connecting the Pulau Seraya power station and the mainland has started and is expected to be completed this year. Zanen Verstoep NV, a Dutch dredging company which clinched the $7.5 million contract, says that
      179 words
    • 466 2 MOMENTUM is gaining for the implementation of Singapore's revised copyright laws. Mr Nicholas Garnett, regional director of the International Phonogram and Videogram Producers (IFPI) will meet Mr H R Hochstadt, chairman of the Committee on Copyright Revision, next week. The discussions with Mr Hochstadt comes
      466 words
    • 355 2 SINGAPORE has been deprived of many new technologies because of its software piracy problem, says the president of a Canadian software export organisation, Mr Richard Mann. "The piracy problem is a serious obstacle to bringing in small and new software packages where big
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    • 461 2  -  By LISA LEE A PANEL OF contractors, developers and architects has hit out strongly at the government for its lack of support for local companies in the building industry. The five-member forum has concluded that, to survive the next five years, more of the
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    • 144 2 AN EXECUTIVE DIRECTOR has been appointed by the travel agents' association. Mr Ranjeet Singh, a lawyer, will be responsible for the activities of the association, which was previously run by a part-time executive committee whose members were operating their own agencies at the same time. Mr
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    • 325 2 KHOO HONG CHUAN has been appointed finance director of Esso Singapore. He replaces W M Adrianse who has been transferred to Exxon Corporation in New York. Mr Khoo is the third Singaporean, out of five, to be appointed to Esso Singapore's board of directors. A chemical engineering
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    • 182 2 THE HEALTH MINISTRY will set up a cancer centre in two to three years to coordinate the treatment of the disease. Dr Kwa Soon Bee, the Permanent Secretary of Health, said the Ministry is reviewing all cancer treatment facilities to bring
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    • 110 2 NGEE ANN Polytechnic students were advised by Mr Robert Tan, one of the institution's council members, to improve on their command of English. He warned that they would otherwise be at a disadvantage in the working environment. In his opening speech at the polytechnic's "Speak
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    • 1405 3  -  By CHAN OI CHEE IN THESE DAYS, a »60 million commitment to build new factories, plant and machinery is a bold, confident decision. T But the Fraser A Neave group's plan to invest in a sector that is nearly reaching its saturation point
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  • Page 2 Advertisements
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    • 8 2 WORLDW/DECOUR/ER Changing the way the world does business.
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    • 51 2 pii Ri _.\KI: N° NATL RAL RHSHRVHS OF spa IN SINGAPORE Stock ijp I SPA r* SPA MIN'FRAI. WATFR I IiOM 111 I (.11 \1 Cremaris Computerised Credit Report fast, factual, facilitating. V 1 Cremaris Research Ltd 315 Outram Road #06-08 Tan Boon Liat Building, Singapore 0316. Tel: *****22 (7
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  • Page 3 Advertisements
    • 217 3 s to look r a better Corporate Card r f The United Sta Government c 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
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  • OVERSEAS
    • 601 4 Threat to recommend a presidential veto Reuter, AP A SENIOR AMERICAN trade official has said he would recommend a presidential veto if Congress approved pending legislation aimed at protecting the US apparel industry by imposing quotas on textile imports. Protectionist measures that "would appear
      Reuter,; AP  -  601 words
    • 181 4 Reuter NEW YORK GOVERNOR Mario Cuomo has vetoed a legislation intended to clamp down on the so-called "greenmail" corporate take-over bids in the state. In an official statement, Cuomo said that while he agreed with the spirit of the bill, he felt it would result
      Reuter  -  181 words
    • 252 4 NYT THE US$4 BILLION United Nations pension fund has rid itself of all holdings in companies that do business in South Africa. Joe Sills, a UN spokesman, said that the fund had no remaining interests with companies which
      NYT  -  252 words
    • 223 4 UPI WORLD FOOD and agricultural production rose more than 4 per cent during 1984 but the food crisis in Africa continued to get worse. The UN Food and Agricultural Organisation on Tuesday said the increase was "one of the best results of the
      UPI  -  223 words
    • 227 4 UPI THE NEW YORK TIMES ran a large advertisement from the Soviet Embassy on Tuesday that accused the US of obstructing progress at arms control talks. The White House called it part of a Soviet public relations offensive. The advertisement, running three-fourths
      UPI  -  227 words
    • 376 4 FT THE CAUTIOUS ATTITUDE of US businessmen in building up their inventories has become the principal cause of the American economy's slow growth in recent months. Financial Digest, a weekly economics publication of Manufacturers Hanover Trust Company, says business attitudes are unlikely to change until
      FT  -  376 words
    • 260 4  -  By MICHAEL NEILL THE CHINA National Offshore Oil Corporation (CNOOC) is being forced to adopt more flexible policies to encourage Western oil companies to maintain their investment in Chinese waters in spite of a record of disappointing returns. Oil analysts in London said yesterday that immediately
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    • 182 4 Reuter A SECOND Union Carbide plant leaked a nauseous gas on Tuesday night, affecting nearby residents, just two days after a leak of toxic aldicarb oxime from a sister plant injured 135 people. The new gas leak, which safety officials said was non-tox-ic,
      Reuter  -  182 words
    • 186 4 UPI ONLY ONE IN FOUR Americans would support President Reagan's "Star Wars" programme if it forced the US to violate a 1972 arms control treaty, a poll for the Washington Post newspaper and ABC news broadcast network indicated. The poll of 1,506 people questioned between July
      UPI  -  186 words
    • WORLD IN BRIEF
      • 52 4 CHINA PLANS TO eliminate its US$l.O3 billion budget deficit by the end of this year through tight fiscal and tax policies. Chinese Finance Minister Wang Bingqian said on Tuesday that tax departments should also collect $4.1 billion in a bid to bring the country's finances into
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      • 69 4 SALES OF imported cars in Japan during the month of July totalled 4,697 units, showing a rise of 17.9 per cent over the same month a year ago, the Japan Automobile Importers Association said yesterday. Officials of the association attributed the rise to growing popularity of
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      • 69 4 FOREIGN BUSINESS applications for investment in South Korea approved from January to July totalled US$l52 million, down 51.7 per cent from the $315 million invested in the corresponding period of 1984, the Finance Ministry reported yesterday. The figure for July alone was only $20.2 million. Ministry officials
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      • 52 4 PERU has 250 clandestine airstrips from which the raw material for more than half the world's cocaine is flown out of the country. According to the Peruvian attor-ney-general, Cesar Elejalde, the country does not have the resources to tackle the organised drugs trade and a world crusade
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      • 45 4 THE BRITOIL Company announced yesterday that it had discovered a new major natural gas deposit off the Indonesian island of Bali. The British company said it recently found the deposit at a test well about 145 km north-east of Bali.
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      • 62 4 Agencies THAILAND handed over a White Paper to Japan on Tuesday on the restructuring of Thai-Japanese economic relations, which calls for Japan to reduce its huge surplus in trade with Thailand and help develop Thai export industries. The paper also calls for a cut on Japan's import tariffs,
        Agencies  -  62 words
    • 777 4 ARRIVALS Operator S*rv»ce Local From number time PAA PA2I 0020 LAX/TYO/ HKG RBA BI443 0100 BWN LUFT LH688 0105 FRA/DXB MAS MH68I 0820 KUL MAS MH603 0905 KUL MAS MH605 0930 KUL MAS MH8II 0940 PEN AC AC858 0940 YYZ/LHR/ BOM MAS MH671 0950 KUL RBA BI42I
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    • 314 5 NYT AN ATTEMPT to impeach President Ferdinand Marcos was defeated on Tuesday night when a 'parliamentary committee re- jected an opposition motion charging him with graft and corruption, violating the Constitution and other high crimes. r The motion, signed by 56 of
      NYT  -  314 words
    • 199 5 AP MORE THAN 900 million people or about 80 per cent in Asia and the Pacific region live under the most impoverished condi tions though the region has been successful in curbing the population growth rate. A senior UN economic and social
      AP  -  199 words
    • 228 5 AFP TWENTY-ONE Australian consultants working on an aid project in the Philippines will be withdrawn because of risks posed by the dissident New People's Army (NPA). Foreign Minister Bill Hayden said yesterday: r "Security risks have now risen to an unacceptable level." Last
      AFP  -  228 words
    • 376 5 UPI A SECTION of a Japan Air Lines jumbo jet's tail broke off before the plane crashed in central Japan. The airline said yesterday that police had already recovered the plane's flight recorders and that all but four of the 524
      UPI  -  376 words
    • 107 5 SINCE BRITAIN introduced "full cost" fees in 1980, the number of Commonwealth students in the country has dropped by 16,000 to 27,370. The total number of overseas students in Britain also decreased from 83,000 in 1979-80 to just over 50,000 in 1962-83. This declining trend which will
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    • 454 5 NYT THE US IS RESTRICTING the export of a sophisticated business communications system by France to China because of fears that the equipment can be used for military purposes. The action underlines Washington's continued sensitivity about high-technology trade with China in
      NYT  -  454 words
  • Page 4 Advertisements
    • 137 4 Express your individuality Express your personality with a distinctive, vital look which you can easily co-ordinate at Melwani. Select from a wide choice of reputable suitings, from names such as Wain Shiell, Dormeuil, Zegna and other top quality brands. Choose readymade clothes, shoes and accessories that will complement and reflect
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    • 8 4 Em Aim's New Clipper Class Daifylb Los Angeles.
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  • Page 5 Advertisements
    • 88 5 U5515,000,000 Floating Rate U.S. Dollar Negotiable Certificates of Deposit Due 12th September 1986 Callable at the Issuer's Option on 18th September 1985 The Bank of Tokyo, Ltd Singapore In accordance with the terms set out in the Certificates, The Bank of Tokyo, Ltd have elected to exercise their call option.
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    • 303 5 i—I—l—L_J— J—l 1 1 ..if- *r 4 V J fc 11l 'lilll Plan from DBS Bank. With CPF savings, most flexible home financing package. How flexible? Very. Packaged in the most convenient and easiest of repayment schemes that would hardly make you stretch yourself. You could take a term loan,
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  • Page 5 Miscellaneous
    • 49 5 Doonesbury Tiki IL-:': ;9' Tjg 7) J, /'H Xi|tiyj »n M Naw f'l ■<9 s •tV/A riK N r J 1 HE :<r>* T<^~ 1 *w« s« f BY GARRY TRUDEAU ipmnrft. M. ;i:1l:-I r:<~ fe SI £g M vz i M i 82^ ffih r^Tf *1 asi .<». 11
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  • RAW MATERIALS
    • 422 6 Financing of buffer stock dominates discussions Reuter, Bernama THE INTERNATIONAL Natural Rubber Organisation (Inro) council, which began a two-day special session in Kuala Lumpur on Tuesday, has deferred discussion on a cut in the reference price. The question of financing the contingency stocks
      Reuter,; Bernama  -  422 words
    • 273 6 AFP US CORN OUTPUT will rise by 8 per cent this year to reach a record 210 million tonnes. The US Agriculture Department has announced that the soya crop would increase by 5 per cent over last year to 53.3 million
      AFP  -  273 words
    • 141 6 Reuter INDIA'S food ministry will build more warehouses in the 1985/86 year ending March to store up to an additional 2.28 million tonnes of food grains. Food Minister Rao Birendra Singh told Parliament that India's total public-sector food grain storage capacity was 23.8 million. But the country's
      Reuter  -  141 words
    • 135 6 AFP PHILIPPINE coconut export volumes and earnings fell sharply in the first half of 1985 compared with the same period last year. The United Coconut Association of the Philippines (UCAP) said yesterday that the country exported 440,525 tonnes of coconut products, a 23.7 per cent
      AFP  -  135 words
    • 355 6 RAS prices S cents/kg, FOS in bolei I f X 1 NOON CLOSI lnyen Sellers Buyers Sellers Int 1 RSS Prompt 164 00 165.00N 164 00 165 dON lot 1 RSS Sept 85 163 00 ***** ***** 163 25 Int 1 RSS Oct 85 161 00 161.50
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    • 105 6 (cants/kg, 1-ton pototi) SEPT 85 OCT 85 (currant month) (forword month) NOON NOON RAS l U)tn ■vyort S•Mart SSR 20 139 50 141 50N 140 50 I42.50N SSR 50 137 50 139 50N 138 50 140.50N MRELB Buyers r .u Jtwtn Bmm r-u SMI CV 185 50
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    • 727 6 COFFEE ROBUSTA futures derived direction from currency fluctuations yesterday morning, and as early buying thinned out prices by midday were below their highs. November traded last at £1,680, up five from Tuesday night, but £14 below its high. Volume was 1,181 lots including 293 crosses. Physicals were subdued.
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    • 178 6 WHEAT FUTURES on Tuesday closed 2'* to 4" 2 US cents a bushel higher on the Chicago Board of Trade. December ended near the middle of a 3' 2 cent range. Trading activity remained fairly slow, with professional and commercial buying dominating price action. Some analysts attributed the rally
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    • 101 6 THE Kaala Lumpur Tin Market (KLTM) yesterday firmed 21 cents to Ms3t.B3 per Idle mainly jr lewer dtopoftals, bo* was still wtthla the ITA lewer raage ef 19.15 aad 32.M, dealer! «aid. Tarnever tell to 83 teaaes (rem 121 ea Taesday with scattered baying anted (rem Japaa, locals
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    • 165 6 Yarn (in HK$ per bote of 400 ft) China carded yarn, cones Blue Phoenix I6's 2^00 Blue Phoenix 20's 2,550 Blue Phoenix 32's 3,000 Blue Phoenix 40'i 3,350 Corded yarn, hank Bkie Phoenix 21 's 2,800 Combed yorn, cones Bkie Phoenix 32'$ 4,200 Blue Phoenix 40" 4 4,400 Open-end
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    • 186 6 SOYBEAN FUTURES on Tuesday closed l'< to four US cents a bushel lower on the Chicago Board of Trade, with November through July establishing new season's lows. November ended near the middle of a seven cent range. Prices dropped from the start on Monday's bearishly construed USDA soybean crop
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    • 159 6 SINGAPORE THE MARKET yesterday closed easier with September One RSS buyers quoted at 162.75 cents per kilo, down 2.50 cents from Tuesday. MALAYSIA The continuing absence of the Inro buffer stock manager continued to depress the market despite reports of CTilmw offtake for some sheet rubber. Generally, trading remained
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    • 144 6 Chins Produce tXCvUnigf (SeNen' MOOT dotma prices on A*g 14 (SV100 k 9 Coconut oil Bute FOB 95.00 Old drum FOB ***** New drum FOB 112.00 Copra Mixed (loose) Pepper Muntok Whit* FOB NLW Sarawak White FOB foq NLW Sarawak special black FOB NLW Sarawak Asta block FOB
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    • 128 6 Singapore (SS/kle, |i<wi V Frogront new crop 1st 080 2nd 0.58 3rd 056 New Crop 25% no stock 10% no stock Thai Broken A-super 0.54 Sp«ciat 0.52 Thoi Rice 55% no stock China Rice 10% no stock 15% 075 25% no stock 35% no s*ock Thai Boiled Rice 5%
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    • 157 6 MALAYSIAN crude palm oil prices yesterday recovered after continuing easiness on short-covering to close slightly firmer, despite weaker Chicago soyoil futures, dealers said. Trading remained thin as operators were sidelined amid lacjc of foreign tenders, they said. In the August position, central region firmed Mslo to $870 per
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  • Page 6 Advertisements

  • Page 7 Advertisements
    • 560 7 24 Pins Dot Matrix (Smaller Dot Size: 02 mm) 260 CPS (Draft) 94 CPS (Letter Quality) High Resolution Graphic 8 Resident Fonts, Optional 16K RAM/Font Exceptionally Quiet 53DBA P5 mm* /•v > 91 V\ >-• >v sh Iter CP3 ELF an< —i--18 Pins Dot Matrix 180 CPS (9 Draft) Standard
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  • LETTERS TO THE EDITOR
    • 555 8 YESTERDAY WAS A BIG DAY for two old-es-tablished Singapore-incorporated companies Fraser and Neave and Malayan Breweries. Their managements made public an irrevocable decision to move the companies' operations lock, stock and barrel— to Tuas. In the process, they will commit no less than $160 million towards
      555 words
    • 426 8  -  BASANT K KAPUR Dear Sir I refer to the article "CPF may face financing difficulties in next 25 years", appearing on Page 16 of BT on Tuesday, Aug 6. The article summarises views expressed by economists at Phillips and Drew, a London stockbroking house.
      426 words
    • 184 8  -  TAN CHOO HAW «J—rrfSltfll Btagspwe Intitate «I Survey*» and Value» Dear Sir I refer to your article in BT on Aug 13 entitled "Surveyors call for law to ensure standards". The article contained a number of inaccuracies that need clarification lest there be
      184 words
    • 200 8  -  PAMELIA LEE (Mrs) Pivfari—l Director (Product Development) STPB Dear Sir I refer to the editorial, "Hightech torture", in BT on Aug 6. As mentioned earlier, it is the Singapore Tourist Promotion Board's intention to harness the expertise, enterprise and ingenuity of the private sector to develop
      200 words
    • 944 8 Dear Hr My daily contacts with businessmen and clients have given me the impression that the current "poor"- or "bad" market is not only due to economic conditions and structural problems but also to a large extent to psychological problems or "fears". Fear
      944 words
    • 342 8 A NOW MIDDLE-AGED local businessman started his own small business with a few partners about twenty years ago. The business was tough in the beginning and his partners pulled out. With determination, he continued on his own, borrowing all the money he could. The business flourished and
      342 words
  • Page 8 Advertisements
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    • 17 8 /O Hi-, BUSINESSMAN OF THE YEAR )<nntl\ organised by Business Times .ind DM. Inlcrrutmrul (S) P»e I.»H
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  • Page 8 Miscellaneous
    • 633 8 CRYPTIC PUZZLE ACROSS 1 Dude so upset and put out (6) 7 Has it o trunkful of memories? (8) 8 Account for beer on one's shirt! (4) 10 Sulked quietly away at some chap (6) 1 1 The end of a spear possibly hurt this king (6) 14 Novel ways
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    • 12 8 THPnT is one e>Lossom VjOMOJ WOU'VCSOrneTMiMG To Sfvf, SP«V rr ojiTH i
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  • SPORTS
    • 614 9  -  SINGAPORE LADIES' GOLF ASSOCIATION le/ mu/f d<? Cartier Paris 1985 AMATEUR OPEN CHAMPIONSHIP By BRIAN MILLER AS EXPECTED, Kee Bee Khim brushed aside a first-round slump to claim her rightful place at the top of the leader board when she fired a "back-to-normal"
      614 words
    • 358 9 Reuter PLACE A FIVE IRON in Alain Prost's hands and he will very likely strike a golf ball in the same manner he drives a Grand Prix car effortlessly. "I am not a long hitter, but straight," said Prost, handicap 18, and the favourite
      Reuter  -  358 words
    • 96 9 AFP WORLD NUMBER ONE John McEnroe is the most unpleasant player on the world tennis circuit and that's according to his fellow stars. In a poll involving 85 players, which was undertaken by the French monthly publication, Tennis Magazine, Sweden's Mats Wilander was voted the most
      AFP  -  96 words
    • 189 9 AP THERE WERE NO big upsets in Tuesday's qualifying rounds at the Player's International Tennis Tournament in Montreal, but one familiar player who was eliminated was Vijay Amritraj of India, who lost to Australian Wally Masur. Masur, a 22-year-old member of
      AP  -  189 words
    • 365 9  -  By ANNA TEO WHILE Singapore's top marathoners gear up for October's Mobil Marathon their ticket to December's SEA Games in Bangkok another group is heading north for the Cathay Pacific Penang marathon. When the expected 1,500 runners line up at 5.30 am
      365 words
    • 518 9 DOUBLE SIXTH! The Singapore team maintained its sixth overall position in the Admiral's Cup world yachting competition following the gale-lashed Fastnet Race, and Highland Fling her star one-tonner finished as the sixth best individual boat in the five-race series. BT received the good
      518 words
    • 264 9 FOLLOWING the Just concluded PGA tournament at the Cherry Hills course, Curtis Strange now sits atop the PGA money earnings list with U*****,581. Second in the rankings is Lanny Wadkins, followed by Ray Floyd in third place. Notable absentees among the list of top
      264 words
  • Page 9 Advertisements
    • 102 9 Keep a date with Sevvy Ballesteros in "Play G<rff the Sevvy Way" BT is not all hard core business and financial news. We take "Time-Off" and "Sports" rather seriously too. Our writers comb the sporting arena to furnish two lively pages with the latest sports, leisure and arts news for
      102 words
  • Page 9 Miscellaneous
    • 1223 9 THURSDAY NIGHT FEATURE "The 8m Wolves" 10.09pm, Channel 5 Gregory Peck and Roger Moore (right), minus his Bond attire, play two British officers who are given the assignment of busting a German spy ring and destroying three German warships. To help them in their mission, they recruit a number of
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  • INTERNATIONAL STOCKS
    • 291 10 Reuter THE ASSOCIATION of Swiss Stock Exchanges met yesterday to reconsider plans for restructuring commissions, amid speculation that trading houses may be put on an equal footing with banks. Sources at the association and securities houses said some concessions would be made to nonbanks.
      Reuter  -  291 words
    • 158 10 FT RUPERT MURDOCH, the Australian-born publishing magnate, has agreed in principle to buy Metromedia Producers Corporation (MPC), which counts Dynasty, the US soap opera, among its stable of television programmes which it distributes to TV stations around the world. The acquisition is the
      FT  -  158 words
    • 345 10 Reuter WALL STREET share prices ended mixed on Tuesday under the influence of some good economic news that helped pull average prices higher. The Dow Jones Industrial Average gained 1.01 points to 1315.30, but overall, declines outnumbered gains by 776 to 688. The
      Reuter  -  345 words
    • 142 10 AUG IS AbMbi C* 20* kr*> Ol Inco 50* 19* 42* -H 36*4 17* -V* Aigomo 21* 16 Argoon Hctgi 21* inch 20* Bank Mom Bank Nova Scotia 29* 13* Moutr F«rg Mc BkxM 3* 20* inch EM Canada 42* 15* -H BP Can Ltd 32 30* inch Moor*
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    • 237 10 AUG IS tod INDUSTRIALS Unw»c Woohvorlh 500 1550 tmch 10 A Atpho Abarcom AE And a MO 175 too 445 mdi IKII unch unch An^os Anglvoal ?»rf» 2890 1240 -IS -35 •SO mch 75 15 AjJtC. CNA 2750 1085 2300 240 unch -15 unch unch Bwfvll Charter Cora Gold
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    • 671 10 AUG IS US$ Mean AJumm 2M ftiroo 34 tMm&wn, Lud 22% A*ad Cham Cp AM St or** 42* SM Afc-Chaknan S unch Am Brandi fcic w» Am BluudeH 115* Am Can Ca sw Am Cyanamid 54* Am Bk Pot 21* Am Evm 43% Am Noma 60* Am MoMn
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    • 860 10 Amsterdam AUG IS abn Fh 517 00 +14 *■(<« Ahotd 96.00 nidi 238 00 +a3 Akio AMEV ***** -03 264 50 -2.5 MM A/rro Bar* Baikal Boh Boraumfl 87.50 +1.7 45 90 +a2 98.00 -03 ***** -7 Boakaii Bw Tat Z 10) 80 +0J Cetand C«IM M M|
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  • Page 10 Advertisements
    • 189 10 I Wlimm ie wim 9 dim m 4 b The Chef carves at 8.15 pm every Tuesday and Thursday at the Baron's Ibble In the best European tradition of old, our Chef will ceremoniously carve a succulent roast, done to a turn, on the one and only roast spit in
      189 words
    • 150 10 V mm I W Ui '1 They are the Baybelles from the heart of Manila. They'll take you through a lively trip of hot disco music and popular favourites. They'll keep you in tune with the times and give you an evening you won't forget. Watch them in action! Monday
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    • 64 10 V Specialized in: HONG KONG WAN XIN CANTONESE CUISINE Business Hours: 11.00 am 2.30pm (Sundays Public Holidays: B.ooam 230pm) Dinner: 7.00pm 10.30pm PRESIDENT MERLIN HOTEL y 181, Kitchener Road, T* Singapore 0620. Td: *****22.' trn* 4> A M i i s Farm falMd and grain ted. this Is an uncommon
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    • 100 10 n AJ iV as V A IS Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16 -h- each and $20-H- each (mln. 2 persons). Over 50 a la carte specialities are also available. SINGAPORE HOTEL 10
      100 words
    • 124 10 St t >1 t •V. X. v 7 y LOMMgB Enjoy the world s finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet Body M Soul from the Philippines. They'll captivate you! Happy Honrs: spm 7pm. 50% off all
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  • ASIAN STOCKS
    • 327 11 HONGKONG: Share prices yesterday closed slightly higher in moderate trading buoyed by a late round of bargain hunting. Prices opened easier but local institutions later moved into the market with buying focused on the property sector. The Hang Seng Index rose 4.64 points to 1,691.73, again unable to cross
      327 words
    • 190 11 AUG M AI Smear* kxkjt KT 241 20 10 003 -0.3 Lian Hwa hdu Nan Ya Pto* Poufic Cam 9.25 21.70 13.80 •005 -0.2 -005 Cathay Cor* 22.50 -0.1 Wra 1X00 -0.05 Chang Hwa Bartk Chan Loonf Oao Hwi Camant China Cham 45.00 14.30 19.80 13.40 15.30 -0.05 0.1
      190 words
    • 382 11 TOKYO: Share prices yesterday closed sharply higher with buying centred in domestic-orientated shares after investors decided the market had bottomed out after falling for the last two days. The market average ended at 12,419.64, up 92.93 from Tuesday when it fell 46.17. Turnover was 380 million shares against 170
      382 words
    • 91 11 MANILA: Shares prices yesterday closed generally easier in quiet trading. The Commercial and Industrial Index was unchanged at 137.34 but Mines eased 0.19 at 644.10 and the Oil Marker 0.018 at 0.726. AUG 14 fmm OrwWd B 0.012 -0.001 0.1230 tmh Anglo M 0.001 Ptcop B Apox MWno B
      91 words
    • 380 11 SYDNEY: Share markets yesterday closed firm on solid turnover with sustained activity in takeover stocks dominating trading. Signs of weakness in afternoon trading brought the market off its recent record levels, reflecting a temporary lack of investor confidence ahead of the federal budget on Aug 20. By the close
      380 words
    • 65 11 AUG 14 Woo Hyundai Canst. 898 -2 nyvrxxs nno«o> 833 10 675 3 KAL 435 5 731 1 733 3 1390 -5 4S3 -12 378 2 455 +2 Lucky Ltd 627 642 +2 Sanaung Co 700 Dong Ah. GoldStar 480 -10 797 6 592 -3 1201 1 Hani Bk
      65 words
    • 132 11 BANGKOK: Stock prices yesterday closed lower in quiet trading. The Book Club Index fell 1.39 points to 139.22 as losers led gainers by more than a six-to-one margin. Turnover stood at 303,011 shares worth 39.2 million baht. AUG U Bab* S5 Aokham Thai Siam City -12 Aim Fix* 131
      132 words
    • 66 11 Reuter THE BOARD of Myer Emporium has formally accepted the merger plan with G J Coles and Co. The two retailers announced the merger on Aug 6 in response to Coles's total takeover bid for Myer. Under the plan, a Cole subsidiary Silbury Pty Ltd will
      Reuter  -  66 words
    • 648 11 Confidence in Gandhi lifts prices Reutcr INDIAN SHARE prices, buoyed by continuing confidence in the policies of Prime Minister Rajiv Gandhi, have been hitting record levels as new investors scramble to join the bandwagon. The Economic Times 1,400 share index, a barometer for equity performance,
      Reutcr  -  648 words
  • Page 11 Advertisements
    • 167 11 i cm m 3 m ir.v For delightfuldinners with popular focal flavours. Enjoy dinner with popular local flavours. Our "Singapore Delights" Buffet is packed with mouthwatering favourites that will definitely get your appetite going. Buffet Dinner is at Ssl4.oo+ per person The Luna Coffee House. We've got a variety of
      167 words
    • 171 11 3 o 111 1 m trs .^r i r f 1 n The Belgian Food Festival Is on again at The Hubertus Grill 2nd to 17th August "85 Chef Pierrot is bock in town with a full range of Belgian gastronomic delights. Fish, seafood, meat in recipes from his Brussels
      171 words
    • 111 11 -v ■v m w V t Xf t V -4 ITALIAN BUFFET LUNCH Aug 15 —31 11 30am 2.30pm Adult: $14 Child: $B*+ <88! Excelsior Hotel 5 Coleman Street, Singapore 0617. Tel: *****33 MEMBERSHIP FOR SWIMMING POOL MEMBERSHIP FEE Single $15.00 per month Couple $25.00 per month Family $30.00 per
      111 words
    • 65 11 Harbour Grill \0 v WF w* r Nightly to an ambience of quiet elegance, our chefs tempt and surprise with the ultimate gourmet adventure. Cuisine en Evolution. The Harbour Grill. The experience is.. Distinctively Hilton in Style. jrttf HUDNMTKRMTIONAb SMGtfOMi questfera Mr reprwentsttjw 6Q,20&2?» Augusty> fr# &&>pm .1 and the
      65 words
    • 100 11 Savoury Delights Await Yon At r s o i m 71 Hong Kong Dm Xih M For reservations adL 235 2698 or 734 6622 ext 141/144 5 J 11 Until: iia*-opß orchard road Dinner 6pß-llpn MiMWi# MfM. Ample Free Parking 19 Curohi Orde and Valet Service Soanore 0922 Id 734
      100 words

  • BANKING AND FINANCE
    • 520 12 FT ,'THE LIFTING of US withhold- tag tax in July 1964 has had a significant impact on the Euro- dollar bond market, according 1 to new research by Salomon i Brothers, a major US securities house. J The 30 per cent tax had been
      FT  -  520 words
    • 245 12 Bernama THE FINAL REPORT on the Bumiputra Malaysia Finance {BMF) loans scandal, now being prepared, will describe events leading to the huge losses suffered by the company. Auditor-General Tan Sri Ahmad Noordin Haji Zakaria, who is chairman of the committee of
      Bernama  -  245 words
    • 210 12 Reuter UNINSURED DEPOSITORS of the Golden Pacific National Bank filed a suit against the Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency, charging 'discrimination and failure to justly compensate them, said the Asian Americans for Equality, a group representing
      Reuter  -  210 words
    • 544 12 FT BARRING AN UNEXPECTED surge in US interest rates and the dollar, the West German Bundesbank looks set to cut its key lending rates shortly. The action could come at today's meeting of the policy-making central bank council, the first after the summer holiday.
      FT  -  544 words
    • 229 12 Reuter A FURTHER realignment of European Monetary System parities may be necessary soon because of widely diverging inflation rates among some member countries. The Association of German Cooperative Banks (BVR) said yesterday that the French and Belgian francs and the Italian lira
      Reuter  -  229 words
    • 274 12 Reuter THE FRENCH GOVERNMENT is easing restrictions on foreign currency and share option trading. A Finance Ministry statement said that the relaxation would allow exporters and importers increased freedom to use options to cover external credits in foreign currency. It would
      Reuter  -  274 words
    • 292 12 AP MONEY SUPPLIES have been soaring in Latin America much faster than anywhere else since 1981, the International Monetary Fund says. In 1984, the supply of money in western hemisphere countries. excluding the US and Canada, went up by a record 120.4 per cent. Consumer
      AP  -  292 words
    • 115 12 AP THE PHILIPPINES has received the first disbursement of US$4OO million from a 5925-mil-lion credit provided by the international banking community. Manufacturers Hanover Trust said that $2.9 billion in trade credits for the Philippines also became operative on Tuesday. Manufacturers Hanover heads the bank advisory committee
      AP  -  115 words
    • 182 12 BRITAIN'S Midland Bank, which runs an offshore branch and a merchant bank in Singapore, is restructuring its business operations in the US following its acquisition of California's Crocker National Corporation in May. The bank's chief executive, Mr Geoffrey Taylor, said in London: "The objective of this reorganisation
      182 words
    • 185 12 STANDARD CHARTERED PLC of London has announced the issue of a US$3OO-million undated primary capital floating rate note in exchange for a $300-mil-lion Junior guaranteed undated FRN issued by Standard Chartered Finance NV of Holland last November. Noteholders who accept the exchange will receive a
      185 words
  • MONEY AND EXCHANGES
    • 586 12 SINGAPORE THE US dollar yesterday closed slightly higher against most major currencies after fluctuating within a narrow range in light trading. It closed marginally higher at 2.7865/79 marks compared with New York's 2.7815/35 close. It closed a shade firmer at 2.2985/3005 Swiss francs compared with New York's 2.2970/3000
      586 words
    • 241 12 Interbank rates at 3pm yesterday: CwTinciii Nominal rstec Smtthtooim Md Offer c ion parity chonje Local dollars to on# unit of for 019** currency US dolor 2.2035 2 2045 ***** -21 85 Sterling pound 3 0540 3 0576 7 3469 -58 43 Australian dolor 1 5589 1 5618
      241 words
    • 385 12 BA Futures Inc THE HIGHER than expected US retail sales announced on Tuesday night saw Bwedsllsr futures in Simex opening eight ticks lower than Tuesday's close at 91.86 for September delivery. However, the September contract was quickly locked in a narrow range of 91.85 and 91.87 in quiet trading.
      BA Futures Inc  -  385 words
    • 254 12 HONGKONG: GOLD yesterday closed a shade softer in fairly quiet trading reflecting the steady tone of the US dollar. Market participants were mostly sidelined in the absence of fresh factors. The metal ended at U5J326.00/40 an ounce compared with the $326.25/75 close in New York and the $328.40/80 finish
      254 words
    • Article, Illustration
      284 12 Asian market ASIAN DOLLAR deposit rates yesterday climbed higher in light trading with rates underpinned by a firmer US Federal funds rate. Overnight dosed at BVi eight per cent, up 3/16 from the previous close, week fixed at BVt eight, up Vi, one month at 8-1/16 7-15/16, up Vk, three
      284 words
    • 127 12 THE OVERNIGHT rate on the Singapore interbank money market remained unchanged from Monday to close at 4V« per cent yesterday. The one-month term rate was up Vfc point while two- and three-mOnths rates rose 1/16 point each. Discount Prices At yesterday's close Prices offered by discount houses on
      127 words

  • SHARE INFORMATION
    • 4185 13 AFTER having drifted downwards in the past few sessions, share prices on the Singapore stock market managed to close marginally higher yesterday. The BT Composite Index gained 5.22 points to 648.16 while the Straits Times Industrial Index added 5.64 points to 751.56. The
      4,185 words
    • 196 13 SINGAPORE Rises MAA 3080 SIS 205 Hi| Carpa 350 208 Kiaa tm 50« 200 Gmtmrn 560 Strort, 320 L ft M 50« 300 M fi «Hrtin 170 TDM 220 G 1 HUf* 90* 210 iMtai 90( 190 Falls UM Malacca *30 MmI Baar 252 Mat baa 212
      196 words
    • 3489 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 14X10 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,489 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 1077 14 saaaHS? ma STOCKBROKING FIRM YK Fung Securities Sdn Bhd has picked 10 stocks which, in its opinion, can "withstand a lot of buffeting from an uncertain market". The selection, published in YK Fung's July issue of Perspectives, is based on a careful appraisal
      1,077 words
    • 489 14 AFTER a two-day weak spell, share prices rebounded across the board on the Kuala Lumpur stock market yesterday. Interest was selective and focused on a handful of special situation and speculative issues. Much of the day's activity was registered in the industrial sector.
      489 words
    • 2845 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. KXJS TRIALS A Otoe (1.706 1 76S) AISB (87B) (1)
      2,845 words
    • 39 14 GENERAL LUMBER (HOLDINGS) Berhad: EGM at Dewan Bentara, Hotel Dayang, off Jalan Barat, Petaling Jaya, today at 9.90am. WORLDWIDE HOLDINGS Berlutd: 19th AGM at 17th Floor, Bangunan Bank Rakyat, Jalan Tangsi, Kuala Lumpur, today at 11 am.
      39 words
    • 444 14 A GROUP OF INVESTORS represented by Singapore lawyer Chan Cher Boon has completed the takeover of Deak A Co Inc's Swiss unit, Foreign Commerce Bank (Focobank) for US$57.B million. The bank is one of the many units in the ailing Deak financial
      444 words
    • 248 14 MAGNUM FINANCE Bhd, the 46.3 per cent subsidiary of pub-licly-listed Magnum Corp, has achieved a 40.6 per cent increase in total deposits to M 5196.7 million while total loans and advances have risen to $143.7 million for the year ended April 30, 1965. Total
      248 words
    • 499 14 IDRIS HYDRAULIC (Malaysia) Bhd has taken various measures since its restructuring exercise to rationalise and consolidate its diverse activities. Chairman Datuk Harun Idris said in his latest annual statement to shareholders that these measures would put the group in good
      499 words
    • 410 14 MR MOSES LEE Kim Poo, director of Finance and Administration in the Environment Ministry, has been appointed a director of Keppel Shipyard Ltd with effect from Aug 6. WAH HIN CO has increased its interests in Overseas (Jnion Bank by 13.5 million shares to 75.50 million for a
      410 words
    • 78 14 Reuter WOOLWORTHS LTD is acquiring the Australian interests of Safeway Stores Inc of the US. Under the deal, Safeway is entitled to 19.99 per cent of Woolworths's expanded issued capital, after a placement of 10 per cent of Woolworths capital with Safeway. Safeway
      Reuter  -  78 words
    • 106 14 HONGKONG Tuesday 1386.4 Week ago 1356.8 Hang Seng Index Wednesday *****3 Tuesday 1687 09 NEW YORK Week ago 1698 66 Dow Jones Tuesday 1315.30 .TOKYO Monday 1314.29 Week ago 1325 16 Tokyo Dow Jones Wednesday *****.64 Standard Poors Tuesday *****.71 Tuesday 187 30 Week ago *****.15 Monday J
      106 words
    • 276 14 Monogers' prices for Aug 15 Singapore Unit Trust The Commerce 1 62 1 72 The Savings Fund I 29 1 37 S'pore Prog Fund 0 72 0 76 S'pore Sec Fund J 01 1 07 S'pore Invest Fund 0 77 0 82 S'pore Equity Fund 0 73 0
      276 words
    • 613 15  -  By NAJEEB JARHOM PROMET BHD's Hongkonglisted arm, which holds all the group's Chinese oil interests, has acquired a one-third stake in an American oil company operating in Indonesia for US$5 million in cash and shares. With this stake in Mainline
      613 words
    • 572 15 JARDINE MATHESON Holdings (Malaysia) Sdn Bhd has agreed to sell the 7.5 million shares it holds in publicly-listed Antah Holdings Bhd to companies held by the Negri Sembilan Royal family. Separately, Antah Holdings disclosed that it is setting up a
      572 words
    • 662 15 SHARE PRICES closed firmer yesterday after a quietly mixed opening with attention centred mainly on special situations and companies reporting results, dealers said. At 1430 GMT, the FTSE 100 was up 7.1 at 1,292.2. Barclays Bank closed 5p up at 389 after 404 following news that it had
      662 words
    • 534 15  -  Goodwood head pays $10m for latest purchase By CHAN OI CHEE AT A TIME when market senti-ment-is still bearish, leading hotelier Tan Sri Khoo Teck Puat, well-known for his savvy investments, has acquired two million DBS Bank shares for nearly $10 million. A
      534 words
    • 761 15 THE KUALA LUMPUR Stock Exchange has spelled out the mechanism for trading under its delayed-one-month contracts known as DIM, which will be introduced to the market today. Under the system, shares sold in a particular trading period cannot be delivered during
      761 words
    • 782 15 Current Ex Books Date Total for Total for payment date close payable the year last year Alex Hldgs 6%<b) Sep 6 Sep 13 Sep 28 6% 6% Ambossodor 7'*%(b> Jun 24 Jul 1 Sep 16 7W% 7' i Amol Stc«l 8%TE(b) Dec 4 Dec 14 NYA 8%TE 4.1
      782 words
    • 46 15 Company RIGHTS ISSUE Dah Yung One-tor-one fe 1.00 per share (Bonus entitled to rights) Ex-date Aug 7 Books Close Aug IS Company BONUS ISSUE A Enterprises One-tor-six Ex-date: Aug 12 Books close: Aug 22 Dah Yung One-tor-five Ex-date: Aug 7 Books close: Aug IS
      46 words
    • 119 15 Company RIGHTS ISSUE Alcorn T wo-f Of-three fe SI .00 per share George Town Two-for-one fe 1 00 per shore Kilbnghall T wo-f or-five fe $115 per shore Peak Hua Three-for-two fe $1 50 per shore Sob-ck vision of $1 por into 2 shores of 50 cents each
      119 words
  • Page 14 Advertisements
    • 215 14 NOTICES T7TXTV, TTTTT. COMPANIES ACT CAP 186 AND IN THE MATTER OP SIN KIONG HWA PTE LID (la Members' Vslutary NOTICE IS HEREBY GIVEN pursuant to Seclton 308 of the Companies Act, Cap. 185, that the Pinal Meeting of the Members of the abovenamed Company will be held at the
      215 words

  • Page 15 Advertisements
    • 284 15 NOTICES 188 COMPANIES ACT, GAP UK (SINGAPORE) PTE LID (IN "MMW VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of BUSCH PROPERTIES (SINGAPORE) PTE LTD duly convened and held at 3701 Windsor House, 311 Gloucester Road, Hong Kong on 7 August 1965, the following resolutions were
      284 words
    • 7 15 Keep your investment decisions on target hhJ
      7 words
    • 46 15 Does your receptionist give the company a terrific first impression? Courses for receptionists, telephone operators begin monthly, over 4 afternoons. $320.00 per person. Programme includes: Telephone techniques Business etiquette Attitude common sense Presentation fersonal grooming To register call John Robert Rjwers at *****97. Mm» 1 t
      46 words

  • 445 16  -  By JUNE LIM HITACHI ZOSEN Robin Dockyard has set up two committees to deal with the twin problems of productivity and sales. The 10-member productivity committee is represented equally by union and management. Headed by Mr Leong Hock Seng, the chairman
    445 words
  • 398 16 THE GOVERNMENT should extend its property tax rebate on owner-occupied commercial premises to cover all commercial properties, said Dr Arthur Beng, the Member of Parliament for Fengshan. Only by doing so will the effect of the rebate designed to give businessmen
    398 words
  • 380 16  -  •y ANNA YEO THE MAN WHO SET OUT to be the first Briton to ran around the world his said that he's no runner "with a Walkman around my bead, I just keep oft plodding Henry Weston, 23, fWm Portsmouth, England, crossed into Singapore along
    380 words
  • 224 16 Reuter THE ECONOMY OF THE Philippines will not show signs of improvement while President Marcos remains in power, a prominent Philippine businessman said yesterday. Jaime Ongpin, the president erf Benguet Corporation, a major mining company, told a foreign correspondents' lunch meeting that business and industry
    Reuter  -  224 words
  • 395 16 THERE IS A good chance that the control on domestic prices of sugar will be lifted, said Minister of State (Trade and Industry and Defence) Brigadier-General Lee Hsien Loong yesterday. "There is a good possibility (that domestic sugar prices will be de-controlled).
    395 words
  • 320 16 Reuter SOME OF THE 13 Japanese trade houses and leasing firms which financed the building of about 100 bulk carriers now on charter to Sanko Steamship Co Ltd are studying the possibility of jointly operating them. However, shipping industry sources said no immediate decision is
    Reuter  -  320 words
  • 168 16 AP FORMER CABINET MINISTER Toshio Komoto, whose resignation has been accepted by Prime Minister Yasvhiro Nakasone, will assume "political responsibility" for the problems of Sanko Steamship. Sanko, the world's largest tanker company, applied on Tuesday for protection so that it could reorganise itself under Japanese bankruptcy
    AP  -  168 words
  • 155 16 Bernama CLOSE ON THft HEELS dt the national car Proton Saga, the first Malaysianmade computer will be introduced to the local market from Octotar. The era of load computer manufacturing follows an agreement reached between the Melewar Corporation and Accent Technology Inc of me
    Bernama  -  155 words
  • 73 16 Reuter PENINSULAR Malaysia had a trade surplus of M 5291.6 million for the first five months of this year against a deficit of $413.5 million in the same period last year. However, the surplus for May slipped to $41.8 million from $159.7 million in April.
    Reuter  -  73 words
  • 342 16 TWO UNIONS haw come out in support of thA government's call to restrain me increases ot* has accepted a wage freeze whOe the othar has announced its willingasfs to meet managements (Or tfJks on similar action. The Union ot Keppel Shipyard fimpldyees yesterday
    342 words
  • 85 16 IRAN'S director gum 1 of Asia and Ooeania Attain left Singapore yesterday after a three-day it All Altai of the Islamic Itopdilc of jfaa*s Ministry of ra#i Affairs arrived on Aug ttfttploreeays lb strengthen ruuoos D6fw9n uK two coon- > Daring the visit, Dr Ahani called tft
    85 words
  • 119 16 Reuter COli&X GOLD FUTURES drifted 0.20 lower in thin morning dealings yesterday, with the firm dollar prompting the lower trend. Spot gold slipped OJO at US$326 JO an ounce and the leading December delivery whs off 0 JO at $2tt.10. Analysts said the. mar-ket-making bulk nadeis
    Reuter  -  119 words
  • 62 16 Reuter Trtß NEW YORK stock market, encouraged by Tuesday's firmness, rose In early trading yesDow tones Industrial Average was up tor more than 5 points to oVer 111 ft while advances outnumbered declines by foar to three on volume of 7.79 million shares. Traders said investors saw
    Reuter  -  62 words
  • LATE FILE
    • 65 16 RtiUtei AT LEAST 10 people were killed and scores were wounded when a car bomb went off in Christian East Beirut yesterday: setting two apartment block* and downs of cars ablaze. Christian Falangist Radio reported at least 110 people hurt, and said the 10 dead
      RtiUtei  -  65 words
    • 76 16 Reuter THE PRESIDENT of Japan Air Lines, Shaken by the crash of a JAL airliner with 524 people on board, has said that he would resign. Yasumoto Takagi, 73, eiptessed his intention at a meeting •Mi+W Tin! i i n J witn Mime Minister i
      Reuter  -  76 words
    • 44 16 AP A SPECIAL government committee said yesterday Finance Minister Loh Jenkong and several other ranking officials should share responsibility (or Taiwan's worst (inancial scandal, which involved tJSSI92.S million in illegal loans approved by a major savings and loan institution. AP
      AP  -  44 words
    • 58 16 Bernama FORMER Malaysian prime minister Tun Hussein Onn wsi yesterday conferred the Nishan i -Quaid-i-Aza m'' Award, Pakistan's highest civil award. The Pakistani ambassador to Malaysia, Mr Azmat Hassan, who presented the award said the President o( Pakistan, General Mohamad Zia-ul-Haq, had announced the award
      Bernama  -  58 words
    • 58 16 UPI AN image-conscious military commander in the central Philippines yesterday ordered grossly overweight policemen on diets and withdrawn from duties'performed in "(ull public view". Brig-Gen Renato Ecarma ordered tat poßcemen.and constables "transferred to assignments less exposed to the public to improve the image of men in
      UPI  -  58 words
  • Page 16 Advertisements
    • 139 16 `};]]=}$,:}{*_$=~+`~=({>["+@$?& <■» t 81 V When timing can make or break a business deal, the new Shuttle Boy portable facsimile makes the difference. Using any ordinary telephone line, you can send and receive J mportant documents. To and from any part of the world. r< Easy to carry, and simple
      139 words
  • Page 16 Miscellaneous
    • 33 16 ssar Report t*r 24 hours prior 'to 7.3op<fi oft Aug 14 at th* airport: Mqxmnmvi temperature Assoooted homKiity Astodet*d huimdity Hours of awnshina RoMol m millimetres Roinfoll Hms month Rainy daft tlia mointfc
      33 words

  • SHIPPING TIMES
    • 105 17 MEDIUM-SIZED Japanese shipbuilder Sanoyasu has announced an ambitious diversification scheme to tackle the very sophisticated high-tech market. According to Seatrade Week, the company will first market software for laser processing facilities. Although it will not manufacture the hardware, ie laser lathes, Sanoyasu plans to buy
      105 words
    • 492 17  -  By G DURAIRAJ PERBADANAN Nasional Shipping Line has deployed the first Malaysian flag vessel for the carriage of CKDs to Malaysia, breaking decades of foreign dominance of the trade. The berthing of its vessel, Pernas Simen, at Port Kelang yesterday marked another significant contribution by
      492 words
    • 175 17 AP THE BANKRUPTCY of the Sanko Steamship Co of Japan could cause freight rates to fluctuate widely, shipping brokers in London said on Tuesday, and could cause used tanker prices to plummet. Sanko, the world's largest tanker firm, filed for protection from
      AP  -  175 words
    • 149 17 Reuter MUTUAL Petroleum Co of US and Nanhai Oil Shenzhen Development and Service Corp signed a contract to construct four deepwater berths for 50,000 dwt container ships in Shenzhen costing US$2OO million, New China News Agency said. The US firm will bear the full
      Reuter  -  149 words
    • PORTSIDES
      • 70 17 Reuter NORFOLK SOUTHERN Corp said it has concluded an agreement with Soo Line Corp for cooperation and participation in joint rates and joint routes. The company said the agreement will assure continued joint routes and rates between Norfolk Southern and Soo over certain junctions. But each party
        Reuter  -  70 words
      • 93 17 Reuter ZAPATA CORP said its board decided to slash the company's dividend to US$O.O3 a share from US$O.2l as part of a general reorganisation. "We have decided not to wait on an uncertain recovery to maintain and strengthen our company," said president Ronald Lassiter in a statement.
        Reuter  -  93 words
      • 84 17 JARDINE Shipping Agencies has opened a new office at Bangkok's outport of Sriracha. Jardine is one of only two agents to have offices at the Thai port, and is able to offer comprehensive agency facilities, at no additional cost, for vessels loading or discharging at Sriracha or
        84 words
    • 124 18  -  By Kingley Wood ANL Shipping Agencies has •witched its head office from Melbourne to Sydney to bring it more into the mainstream of trade and shipping activities. The agency, which previously concentrated on the handling of ANL ships and those of its associates, is
      124 words
    • 805 18 The above Information is compiled from data provided by the Singapore National Shipper's Council 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 5-6 days. 4 vessels berthed, 1 vessel waiting. San Nicolas
      The above Information is compiled from data provided by the Singapore National Shipper's Council  -  805 words
    • 146 18 A FULLY-ILLUSTRATED booklet, A Guide to Damage Prevention, has been published by Kawasaki Kisen Kaisha. The neat English booklet explains how to prevent possible cargo damage during the unloading of automobiles transported in pure car carriers. "K" Line is actively
      146 words
    • 693 18 AB Shpg V 5 Afea Line VI 3 A PC Line V 4 APL II 2/3 Anro Service IV 3/4 ANL 1 1 ASCL IN 1 Balt-Conada Line VI 4/5 Bait-Orient Line VI 4/5 Bank Line V 5 BBS a 4/5 Ben Lme Cont V 3 Ben
      693 words
    • 1410 18 INCREASED sugar chartering has developed on an otherwise rather quiet freight market on Tuesday with iron ore business slow to emerge following its recent activity, shipbrokers said. Chinese operators covered sugar from Cuba at US$35 compared with previous fixing mid-June at |38, while two sugar vessels were arranged
      1,410 words
    • 195 19 Reuter LLOYD'S SEA Group, the consultancy division of Lloyd's of London Press, said it has been awarded the contract to provide regular oil tanker tracking reports to OPEC. A spokesman for the Sea Group said it would be using raw data on tanker movements
      Reuter  -  195 words
    • 867 19  -  By JUNE LIM SHIPPING COMPANIES "sold their birthright" when they made the switch from transporting shipments largely in break-bulk to containers, says Mr J H Meijer, managing director of Nedlloyd EAC. In his 37 years in shipping, he has seen the transition from
      867 words
    • 219 19 Lloyd's List THE TRANSPACIFIC Westbound Rate Agreement has encountered more trouble with one of its biggest members, Zim Container Service, resigning in the autumn. Zim's decision to leave the rate agreement and run as an independent follows last month's disclosure that Danish company, EAC Lines,
      Lloyd's List  -  219 words
    • 190 19 THE MAJOR shipping consortia operating between the Fir East European, Far East/Persian Gulf, Straits porta/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. J Orient Overseas Container Line. Cho Yang shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container
      190 words
    • 6963 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.
      6,963 words
    • 657 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 Monte Ruby 32B 15.8.85 1600 Mitsui OSK Fl 0700-0800 W4 Holsatic 8501 15.8 85 1800 Maersk F5 0900-1000 B2 Thana Bhum 17N 15.8.85 2300 S'pore
      657 words
    • 1693 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A-B A Top Enterprise* Pte Ltd Some (S) Al Shipping Bousteod Shpg Agencies Afeo Line A trie on Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceonus Shipping Agencies (S) MuJtiport Sdn
      1,693 words
    • 635 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES alongside 15.8.85/0600 Bong Son K31 T onghae Daxing K15 Y Fung alongside 15.8.85/1800 Global Mas K30 Leo Shpg alongside 15.8.85/2000 Mokmur K25W SSPL alongside 15.8.85/2300 Straits Hope K24E SSPL alongside 15.8.85/2300 Suhod Panjong K10 Eka Jaya alongside
      635 words
  • Page 17 Advertisements
    • 775 17 Monthly from Pitman Available at all good bookshops and newsagents IflTimes IHIU Distributors rtem M OkientOveiqeas Co*lojm\ LINE Agents: A MEMBER OF THE C.Y. TUNG GROUP mm avras mokes <r«.nr. 242*4/oo«) 70 ShMton War #04 03 H**a How Sign 0207 T# *****11 T«ta NO IS ***** CfS OfFO TfC #*****
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    • 65 17 mm J H MEIJER has found shipping sufficiently challenging to spend his entire working life in the industry. He will be retiring today. Page II A FULLY-ILLUSTRATED booklet, "A Guide to Damage Prevention," has been published by Kawasaki Kisen Kaisha. Page 111 Index to advertisers II Weather map VIII London
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    • 1104 17 BALT-ORIEHT LINE Baltic Shipping Co Rtfifer Sorvicos Iran South East tab to r.rrirr-T North Conttnontol Ports f Agont: Singapore Soviot Shipping Co Pto Ltd Tat: *****3 MAERSK LINE •Sagapan CMagCT 19/1 1500 MB CfS 11/ l 2340 MB Voy S' poro EXPORT TO USA. EUROPE. MIDOLE EAST. WEST AFRICA A
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  • Page 18 Advertisements
    • 473 18 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES Pacific South Wwt Pacific North Waa raßdar at Tokyo faadar at Kobo Ibto VS. U/LB OM Maftar VSL SEAT VC* S. KASHU 14/1 17/9 ALLIANCE tt/9 17/9 P ARROW 21/9 24/9 «M BHDS 21/9 22/9 BEBHU M. 21/9 1/11 TOKYO M. 27/9 2S/9 J. AMUO 5/19
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    • 269 18 M.V. WORLD BANPO DWT/GRT 4423.96/2758 PANAMA FLAG BIT JUL 1983 FREE SINGAPORE 15/16 AU6UST IS OPEN FOR BOOKING TO MADRAS/COLOMBO AGENTS: FEEDER INTERNATIONAL LINE PTE LTD TEL *****11, TLX RS ***** POMS li Supercarrier Service 19/11 19/11 29/11 29/U 29/9 19/19 19/19 29/19 29/19 29/9 19/19 19/19 29/19 29/19 NEXT
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  • Page 19 Advertisements
    • 681 19 The Straits Steamship Group West] Mansfield Container Shipping PteLtd k Qvwmm Containers Limited STRAITS SHPPING Singapore to Sabah, Sarawak, Brunei Porta and Bangkok ONTAINmH*> SERVICE TO'UK CONTINENT CONTAIN! RSHIP SERVICE FROM UK CONTINENT 21/t 23/t 29/1 31 /t 21/9 23/t 31/9 *2/1* Th« s «rtr. China Navigation Co. Group GULF
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    • 630 19 NOTICE 1 1 ."Willi i/' Spectaised in N.V.O.C.C. to and from the Far East is looking for Reliable agent and/or commercial representative in Singapore and Port Keiang. Exclusively, connections in Indonesian and Malaysian Outports for Transshipment Cargo, Marketing and Sales. Ploase write to: B.T. Boi No. 5356 390 Mm Sang
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  • Page 20 Advertisements
    • 525 20 Hapag-Lloyd i EXPORTS :j continent, uk (lit ot Ednbwfh frankturt (iptns (jrtkfjn h) lamakura Maru bverpee* Bn On carriage to Scandnavia. Med, Carribean IS. America Hand haulage to Mand destinations in Europe S'pere PKetan(Penanfleiioeiß*a( Genoa Hbur| Itdam Bhaven Antwerp 5/5 1/1 10/9 1/10- 23/10 19/10 27/10 15/10 U kkbvituh 16/9
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    • 323 20 KSH FULLY CONTAINERISED SERVICE KHUKOtt Memfcei ot the Ace ComortMn 10 9 12,9 14 9 I t/i 17/9 19/9 71/9 74/9) 74/9 76/9 7»/9 (1/10) 1/10 3/10 s'lo 8/10 CONVENTIONAL SERVICE 10 IRAN PERSIAN GULF SM MOMCA 16/8 MMMH. KUM WXET ISLAM) 79/8 DMMI DAMMABA MOSTBOH 31/8 KARACM OMWI BIT*:
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    • 548 20 Hai Sun Hup Co (Pte) Ltd TEL 2?04 t >oi (?0 lines) Tl RS22<*i' P> RS?n* 2 in L I \sti;K\ \\i i i\l K. II D Specialist in RO/RO Service Accept** heavy-fifts upto SO K/Tons from Japan »«w) Spn PK«Unf Kucta« Mara IWi «UH BHIS *2 UtH w 17
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    • 657 20 o EVERGREEN -ull Container Ser*:(j Round-The-World East Bound Service (FE/C ARIB/USEC/EURO/FE) 1 Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) US WEST COAST SERVICE OUTBOUND feeoo va sgp Mono ni lai sfc mm WW GLEAMV 17/1 WO LOMK 7/9 1/1 12/1 IV* WW GRAM) 2V9 WO IMNG 15/1 17/9 29/9 21/1 EVO GENUS
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  • Page 21 Advertisements
    • 537 21 V\v PACIFIC INTERNATIONAL LINES PIL Building, 140 3ecil Street 03-00 Singapore 0106 Tel: 2?i8133 VESSEL HOT A RAKYAT KOTA JAVA KOTA WMAWAM KOTA MEGAH KOTA MiITIAAA EAST AFRICA/REDSEA SERVICES VOYAGE HOMOKONG SINGAPORE LOADING FOR: E-M3 EM9 7-M/t E-597 IS-H/9 MOGADISCIO. MOMBASA, DAR-ES-SALAAM SERBERA, ADEN. HOOEIOAH, JEDOAH. PTSUOAN. AOABA MOMBASA, D'SALAAM
      537 words
    • 249 21 WOOD LINE SOUTH AFRICA SERVICE KK SPORE PIOUS REIMON DIMM CTOMI MANGEL PUCE W 5/B* SU 17/1 2/9 3/9 11/9 10/9 NOODSTAO SA l/B 30/0 17/9 19/9 27/9 3/10 ML SA 7/S5 25/9 2/10 15/10 17/19 25/10 30/10 Accwtint Onrib/wiUfcwn *Aln L LOU WOOO LINE DOES IT BETTER Gmnl ftp*:-
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    • 651 21 BEN LINE CONTAINERS jf.' MI AN HAVRE n u/9 i 22/9 /II 9/11 II 15/11 11 22/11 II M/ll /U 9/11 EXPRESS COMTAMR SERVICE HUM lIMVEN RDAM HAVR STOM (Mil Mara bMbM UM SM cm 1 SjMSJM faMSM M Cardfcas Bay W M 1/9 l/l 11/9 Jl/I 11/9 12/1 IVI
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    • 477 21 DJAKARTA LLOYD iNDONt Si AM NA T )\AI iru MM rWONMH IOH UOMBMC W STOK maiapami m/m lt/i i7/i mi m/i com mm m/i vh a/i 2/1 4/i 1/1 3IL IL'I 1 jJJfc NAJRPAMT 123 I GOM m rrac hmo mam* nm/ u nan Mill 11-11/9 71-22/1 23-14/1 27-21/1 11/1
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    • 464 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STU Loadbif for Rm S>ara Plata* U/II ta| 15/21 A«| V2S7W 21/23 21/31 h* fm tatvarp. Hm IVI7A* la& BANK LINE *>*.'• .1-IAL A .1:' A/.tlLllUl'Xji SPORE R'DAM HULL HMBG TAMA IT Al SAMOA 17 Aug 13 Sep 22 Sep 17 Sep VYBANK 3 Sap
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  • Page 22 Advertisements
    • 1205 22 S K LINE KAWASAKI KISEN KAISHA, LTD. «»•i"™ o 60 ASM SIM ¥39 IMJBTM 17 Auc »*<* 21 Aa» 23 Ao| 7 Sap 2S Oct 2 7»" 1*- 11 SKNTB K713 prig m SMK robe mtrmuo acapulco pt girrz«i»c«m* siokwocorbito rrcwßß m:»tes ttU SIM ¥39 IBM VSI UN am ?w
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    • 582 22 CALIFORNIA/PACIFIC NORTH NEST SERVICE EXPRESS CONTAINER/REEFER BULK SERVICE loaO>n( tot lOS AMGiKS SAN FRANCISCO SEATTLE. IACOMA VANCOUWR BC Accepting fCI FCI Containers PMan| Sfffapore I Aflf«4n RATTNM" 11/11 Sept Oct AUSTRALIA EXPRESS CONTAINER SERVICE Accepting Fa FCI Containers PKtMI S pare MBWOAS V 24 1 2 Sept 2/3 Sept RAVIOAS
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    • 303 22 SANKD ASIA FROM J APAMf S€ POUTS AND HONOKONC t GOLDEN LINE V>fXl GUM GUAM SHTTMS (PTE) LTD Im| la* PiwMM W M*g. M Cm! Ifcwt 1 V Wrai HM TU ***** M (U IMS) H**—Tit Mb UMPB mil 1 P. fatot 317M1 Ftna* 3C54M Pm> farfa* kgwt own uoro
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    • 408 22 INTRfISEA IPTEI VTD If) Ans')' l Road t i 6 S-ngapo'e 0207 224f BREAKBULK SERVICE TO EUROPE/UK Vptn P. UM|Uai| hr--16 t 21/1 KOT/Mf/VJ. (MOT) 24/1 5/9 ROTT/MT/U. (MOT) w P.T KRUUHMM KUYMIM KALIMANTAN DVtECT WEEKLY SERVICE TO JAKARTA ETA/ETD KSTRATVM J Vessel ETA/FTD BESTMIBH j MAGA XXXII V* 14/15
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  • Page 23 Advertisements
    • 807 23 FAR EAST/tUROPt FULLY CONTAINERISED SERVICE TO EUROPE/UK (VIA SUEZ): C CBNTMEI 31W+ (19/8) 21/8 9/9 10/9 12/9 C lOZE 44V. (26/8) 28/8 16/9 17/9 19/9 NK CONTUa 4CNL (2/9) 4/9 23/9 24/9 26/9 0 CHEF 45M. (9/9) 11/9 30/9 1/10 3/10 K JACEJM 30N. (16/9) 18/9 7/10 8/10 10/10 N
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    • 373 23 HEUNG-A SHIPPING Korean Flag Veaaels SEMI CONTAINERISED DIRECT SERVICE TO P KELANG PENANG BUSAN INCHON I omi/M7N I 23/9 Oman/Mm I 2/14 NtPlUf# *1,1 N' its "It I ID Ifl .»'***** 14 ihnol ;sio .'.m.'o.'. ??ovB4 i»rf«.n <VO.'4SO .'.'O.'SOI its. Ml l, -l Ii.INI H«*S Stll* SON HMO HI tUdO
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    • 692 23 SINSOV SINGAPORE SOVFT SHTPMG CO PRIVATE LTD SMSOV BULOMG 55, Itefcet Street Sinfapore 0104 Telephone IMn *****3 (15 Uw) Cable Address SMSOV SMGAPORE Teiei Numbers RS ***** K ***** IS ***** P KELANG M/S SNARMAT MAN SOON SON R». IST AND 2ND FLOOR. NO 1 JALA* CEMPENWG PORT KLANG. MALAYSIA
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    • 13 23 JAMBA TAN MERAH SDN. BHD. P. Kelang: *****8 7 KJL *****7/*****1 Penang *****
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  • Page 24 Advertisements
    • 802 24 ICe4|iofial Container l-im s J "."nm. I 4 Sailings weekly J Fast Reliable Regular Punctual Berthing PSA Mon, Tue, Thur. Sat REGULAR/FEEDER SERVICE TO PHUKT/SONflttA vor m «t 17*/*2 llPlrt »ta IM/3M 22 Ml 19R/364 21 A* 3 Sap mjyu s Sap wta 21R/370 15 Sep 21 J* HINODE KISEN
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  • Page 24 Miscellaneous
    • 169 24 Regional Weather U m l" Ik 1 fc! 4 kss h 51 r 35 0 n ■5* LIlk SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wmd direction with speed m knots Wave height LEGEND R Thunderstorm direction w,th speed m knots y Shower Rom Wave height Cloudy
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  • Page 25 Advertisements
    • 103 25 rnrnm MSC AGENCES K. LUMPUR x P. KELANG POWNG P. GUDANG j. BAHARU LEOSMP SPORE *****8/*****6/*****8/*****3 *****1/4 TERMKAL 3SS3SI/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 *****8/ *****8/ *****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE ItZBCZB ICS EH i i r ■iTTirri 'MED trn rrT-»CTWTI3Z3BIEI!I!iyT[3MPirM[ESMEIiZgiDII also accept* for. ANTKERP. L. MME. K. MODI. COPOMAGEN, OSLO ALSO
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    • 135 25 WORLD LINE EXPRESS REGULAR SERVICE JAPAN/HONGKONG/STRAITS VESSELS SPOM P KiLAMG ana LIKE 134 hic 14/ II M 19/20 UK 9MM *117 Auf 22/?* M »/M GOUXN LAKE HI IX ta| 29/31 W» 1/2 M NSC muta berth S«f ipart it PPW M* P2 Sofipve Gen Agent IVPON fimss (S) Pit
      135 words
    • 289 25 LICORNE SEAUON SHrmG (S) PTE LID. SALES/BOOKMES TEL 22K0! (t 1 J 1.'1.rl :u >:*yii*v *77 M/V ARMAGNAC V9LSS M/V CGM VAR VIOLSS M/V CGM VELAY VIILSS Scan Dutch V To Europe (Med/UK/NC/Scan) FEEDER PENANG B Butane 15/8 B Butane 22/8 B Butane 29/8 B Butane 5/9 B Butang 12/9
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    • 0 25 |%=)-=}?=*/+@:%@@%@[<&?@)-{$=^/
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  • Page 26 Advertisements
    • 344 26 Pan k> pen profit loft^k-COifMn w MitsuiOSK Lines Ltd CONVENTIONAL/SEMI-CONTAINER NEDLLOYD MOJI 16 Aug Mombasa, Daressaiaam ASTRA PEAK 23 Aug Port Louis. Reunion SEA ARCHITECH 4 Sep Mombasa. Daressalaam, Tanga AFRICA MARU 23 Sept Port Louis. Reunion EARNEST VENTURE ~20 Aug P. Noire. Abidjan, Monrovia, Apapa. Douala, Tema AFRICA'S NEDLLOYD
      344 words