The Business Times, 1 October 1985
1985-10-01
1
28
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The Business Times
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Title Section12 1985-10-01 1 BUSINESS TIMES M.C. (P) No. 99/1/85 TUESDAY, OCTOBER 1, I*Bs 75 CENTS12 words
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Article508 1985-10-01 1 FOO CHOY PENG - Economic sub-committee presents four main arguments By FOO CHOY PENG Chief Reporter A RECOMMENDATION that manufacturing should remain a prime mover of the Singapore economy has been made to the Government by one of the major economic sub-committees that has been reviewing the country's future508 words
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471 1985-10-01 1 CHUANG PECK MING - By CHUANG PECK MING STRONGER LINKS between pay and performance rather than service are to be proposed by the Singapore National Employers' Federation, which argues that these would increase flexibility. The "new" model aimed at replacing the existing system based on471 words
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337 1985-10-01 1 EMPLOYEES of companies facing serious losses might have to make a choice between their bonus and their job, according to the Singapore National Employers' Federation. Cutting the annual wage supplement might appear harsh, admits the SNEF in a forthcoming issue of its quarterly337 words
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Article101 1985-10-01 1 JAPANESE Prime Minister Yasuhiro Nakasone yesterday savoured the fall of the American dollar to a four-year low against the yen, commenting that it was a "very pleasing phenomenon". "I would like to continue to pay a great attention to strengthening the yen's value in the future.101 words
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Article, Illustration415 1985-10-01 1 C C chairman resigns CYCLE A CARRIAGE founding member and chairman Chua Boon Peng has resigned from the company's board. Mr Chua, whose resignation took effect on Sep 25, had been the chairman of Cycle Carriage since 1967 and according to the 1984 annual report, he held 1.16 million C415 words
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Article, Illustration65 1985-10-01 1 THE SINGAPORE stock market closed lower yesterday, dragged down by the severe price decline •f Index-component Pan-Elec-tric, North Borneo Timbers and Straits Trading. As a result, the St-stock Straits Times Index lost 11.73 points to 77C.K, while the all- sector BT Compaotte Index shed 8.22 points to «6.13.65 words
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Article456 1985-10-01 1 RICHARD SEAH - By RICHARD SEAH Special Correspondent A CLASSIC EXCUSE for not attending a forthcoming conference has been put forward by sensitive Singapore managers. Many said they would really like to attend but... they dare not. No great act of bravery would be required of them during456 words
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Page 1 Advertisements
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Advertisement155 1985-10-01 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM HITTING THE BALL consistently on the Toe Of THE CLUB IS USUALCi CAUSED Bi THE LOSS OF LEPTARH EXTENSION. WHEN THAT HAPPENS THE CLUB MOVES SUQHTVi NEARER THE BOCN CAUSING THE SWING RADIUS TO SHRINK 177 toe-snot. rx nc 0 Sevvy takes the £50,000155 words
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Advertisement266 1985-10-01 1 SHARE INFORMATION MONEY ft EXCHANGES RAW MATERIALS LETTER CROSSWORDS TV ft RADIO DOONESBURY BRISTOW OUR VIEW REDUNDANCY IS SOMETHING NEW to most employers. So they connot expect to hondle such situations well without seeking professional advice and without sharing the experiences of their counterparts. All would benefit if employers discuss266 words
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Advertisement11 1985-10-01 1 Full raport, Pag« 15 Asian stocks, Pago 13 Leader, Page 1011 words
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Advertisement122 1985-10-01 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Early action likely, Back Paga "I have to ship 2,000 lobsters all over Europe by tomorrow. I'm really in a pinch!" "Call KLM! Shipping through Holland can be the fastest way to over C- -"■jF-mk-- Before you talk to any other airline, call KLM.122 words
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Page 2 Advertisements
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Advertisement240 1985-10-01 2 Canon In all the world Canon is now The years of innovation and product improvement have paid off. Our unique single component toner projection made the quality of our copies better. Our superior after sales service made Canon machines the most dependable. And now the latest figures from the international240 words
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HOME NEWS
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386 1985-10-01 3 LIM SOON NEO - By LIM SOON NEO SINGAPORE AIRLINES (SIA) will be mounting two additional services a week to Los Angeles via Tokyo with effect from Oct 29. The path is now clear for Singapore's national carrier to increase these flights following the confirmation of a386 words
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220 1985-10-01 3 THE HIGH COURT last Friday wound up Multi-Pak Singapore, a company which once operated one of South-east Asia's biggest and most modern paper mills. The winding-up petition, initiated by Citibank NA, was supported by seven other creditors. The carton box producer was in receivership220 words
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705 1985-10-01 3 YAP BOH HOON - By YAP BOH HOON TELECOMS HAS CUT its rental and service rates from today. But the actual reductions have turned out to be more generous than when they were announced in July. Apart from rental reduction for modems, which was not included705 words
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Article, Illustration244 1985-10-01 3 AFTER LAST YEAR'S awardwinning display of the charms of Singapore in Japan, an even more ambitious show is being planned. An orchid-strewn float, carrying Miss Singapore and Singapore girls from SIA will be supported by the airline's 50piece band and a 15-member lion dance244 words
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296 1985-10-01 3 HIAP SHING has won a 14-4 million Housing and Development Board contract for earthworks at two of the board's new town developments. There were only four other contenders for the project in the Caicuogang and Bukit Batok New Towns, among which296 words
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Article104 1985-10-01 3 THE ENVIRONMENT Ministry is to play host to a senior official from the Malaysian government. Mr Sugunan Pillay, the director of the technical branch in the local division of the Ministry of Housing and Local Government, will arrive tomorrow. During his stay, he will hold104 words
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167 1985-10-01 3 THE ENTREPRENEUR Group (TEG) is organising a seminar to be held from Oct 18-19 at the Hyatt Regency Hotel. The theme is "The greater development of entrepreneurship issues and challenges". The organisers expect businessmen from various industries, doctors, and auditors to attend. Registration for the167 words
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89 1985-10-01 3 NINETEEN MEMBERS of a sales mission from Scotland arrived yesterday to offer a range of products from compressors, wires, military equipment to lace tablecloths. The mission is led by Mr Russell Frame of the Scottish Council Development and Industry. He said that89 words
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Article269 1985-10-01 3 THE MINISTRY of Health's lease-a-dental clinic scheme, aimed at giving young dental officers some commercial experience before they set up their own clinics, has been extended to four more clinics, starting today. They are the Bedok Outpatient Dental Clinic, Jalan Kayu Outpatient Dental Clinic, Kelantan Outpatient269 words
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370 1985-10-01 4 ANNA TEO - Eight countries to take part in exposition By ANNA TEO CLOSE TO $1 million in savings were achieved by quality control circles (QCCs) in both the manufacturing and service sectors this year. Twenty QCCs in the manufacturing sector reported savings of $700,000, while 19370 words
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141 1985-10-01 4 A REPORT in BT last Saturday which said that General Electric of the US was planning further retrenchments was described by the company yesterday as "purely speculative", and it said it had not authorised any of its senior managers to release information to the141 words
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406 1985-10-01 4 BRIAN GOMEZ - By BRIAN GOMEZ Industrial Correspondent BURROUGHS CYBERWARE (Pte) Ltd, the first software company to gain pioneer status, has yet to set up an office in Singapore but it has opened a branch in Australia to develop four major software projects. The software contracts406 words
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331 1985-10-01 4 THE PUBLIC WORKS Department recently awarded a $7.9 million contract for the construction of a police divisional headquarters in Bedok to replace the Joo Chiat station. The Bedok station, which will be completed in about one-and-a-half years, is331 words
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Article, Illustration334 1985-10-01 4 KOJI NAKAMURA and ERIC KANG have been elected the representative and deputy representative, respectively, of The Association of International Bond Dealers, Far East region. Mr Nakamura is the vice-president (capital markets) of Mitsubishi Finance (Hongkong) Limited, Hongkong. Mr Kang is a director of Credit Suisse First Boston334 words
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Page 3 Advertisements
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Advertisement53 1985-10-01 3 71 BALLY of Switzerland ...meets the challenge oftoday A mim A member of the MBM Group The Best of BALLY Is To Be Found At MELWANI bmtiques Iwmrnes #02-74/75, Shaw Centre Tel: *****42 #02-23, Plaza Singapura Tel: *****29 #07-26/27, Specialists' Centre Tel: *****54 #03-06/07 Scoffs Shopping Centre Tel: *****60 Also53 words
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Advertisement123 1985-10-01 3 Lady Fortune awaits vou at J the Fragrant Blossom k X J V v f*>r V* V W CV A J. *A V f w. v 2* > .V. v r Select your courses from an extravagant menu ot superb Cantonese cuisine. And behold a fortune cookie will come hearing123 words
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Page 4 Advertisements
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Advertisement118 1985-10-01 4 WORLDWIDE COUR/ER Changing the way the world does business. 4>PARKER 7 B 9 4 5 6 X MC 1 2 3 M*r o m+ l—MßmiM»lMtfI liiiMßlOi iiiiM "PV aa^>fc&-^^aafeaftfc j >AXfc'« s 4*. t#4 s count on mmm 1-. v mmwmwwmmw mmmmm Now when you purchase a handcrafted Parker Premier118 words
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OVERSEAS
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352 1985-10-01 5 Reuter AFP INDONESIAN Oil Minister Subroto said yesterday that world oil prices could collapse next year if the international economy stagnated and Opec nations broke ranks on prices and production. The Opec chairman said the 13-member group must keep its production unchanged. A riseReuter; AFP - 352 words
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213 1985-10-01 5 UPI THE MALAYSIAN government working on a new streamlined incentive package to make Malaysia more attractive to foreign investors. Deputy Prime Minister Musa Hitam told American businessmen yesterday that the government accepted the reality that fresh foreign investments were essential to spearhead economic growth, estimatedUPI - 213 words
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177 1985-10-01 5 UPI A CONTROVERSIAL operation to correct near-sightedness performed on more than 100,000 people may have serious drawbacks, says the head of a research team conducting a five-year study of the procedure. Dr George Waring, the ophthalmology professor at Emory University in Atlanta, saidUPI - 177 words
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441 1985-10-01 5 Rank Industries succumbs to competition AFP THE AUSTRALIAN government has been urged to curb a flood of cheap Japanese and Yugoslav imports, which have resulted in the planned closure of Rank Industries, one of the country's three major manufacturers of household appliances. RankAFP - 441 words
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310 1985-10-01 5 Reuter THE PAKISTANI government, in a major concession, has agreed to scrap plans fen* a national security council which opponents said would perpetuate military influence after martial law is lifted. The government bowed to critics yesterday in an effort to push throughReuter - 310 words
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114 1985-10-01 5 Reuter CHINA WILL NEED to rely on foreign borrowing for rapid and sustained economic growth because its access to concessional lending is limited, according to the World Bank. "Since China is still a poor country, with per capita GNP of US$3lO, it has aReuter - 114 words
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Article488 1985-10-01 6 Internal report draws attention to shortcomings AP AN INTERNAL watchdog report says that the United Nations is beset by numerous shortcomings which need radical structural reforms. The report, released yesterday, attributed poor coordination, mediocre results, insufficient staff qualifications, and overlapping jurisdictions between various UN organsAP - 488 words
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Article, Illustration459 1985-10-01 6 NYT FREED OF THE restraints of working for President Ronald Reagan, David Stockman, the former White House budget director, has called for an increase in taxes of at least US$lOO billion a year to reduce the federal deficit and the traumatic economic dislocations itNYT - 459 words
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244 1985-10-01 6 Reuter A FRENCH magazine has linked senior aides of President Francois Mitterrand with the Rainbow Warrior affair, the first press allegations against the Elysee Palace in the crisis over France's sinking of the environmentalist ship. The independent news weekly Le Point said that three senior MitterrandReuter - 244 words
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Article, Illustration385 1985-10-01 6 AFP THE VISIT to Paris next week by Soviet leader Mikhail Gorbachev, his first to the West since his election as general secretary, appears designed to drive a wedge between the US and its Nato allies in Europe. WesternAFP - 385 words
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422 1985-10-01 6 UPI HAVING OFFERED as much as US$l.9 billion in weaponry as an inducement for action, President Reagan has invited Jordan's King Hussein to the White House to survey the prospects for peace in the Middle East. With Reagan headed for a new clashUPI - 422 words
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266 1985-10-01 6 NYT THE AMERICAN State Department has proposed a five-year, US$5.5 billion programme to overhaul security at its embassies and to counter Soviet-bloc espionage overseas. Department officials said last Saturday the new proposal, now awaiting the approval of the Office of Management and Budget,NYT - 266 words
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150 1985-10-01 6 Reuter AN AIDE to the Emir of Bahrain accidently overpaid a hotel bill by NZ572,000 during the Gulf state leader's visit to New Zealand earlier this month. Visit official Mel Smith said yesterday confusion over currency conversions ended with an $8,000 billReuter - 150 words
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Article195 1985-10-01 6 UPI THE ANNUAL convention of the opposition Labour Party, which hopes to unseat Prime Minister Margaret Thatcher, has opened with moderates and hard-liners poised for a divisive quarrel over support for Britain's militant coalminers. "This debate could really tear the party up," a delegate said.UPI - 195 words
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Article864 1985-10-01 6 —1 ARRIVALS Optfeh Strrki Locol From number tNM SV SV379 0115 SEL PAA PA2I 0020 LAX/TYO/HKG CAL CI 341 0255 TPE/KUL CAL CI337 0255 TPE/KUL MAS MH60I 0720 KUL MAS MH68I 0820 KUL "MAS MH603 0905 KUL MAS v Mnai i 0940 PEN MAS MH6/1 0950 KUL864 words
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Page 5 Advertisements
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Advertisement160 1985-10-01 5 Qanlas carries its passengers longer distances than any other airline. When you've got to fly long distance, wouldn't you feel more confident choosing an airline that specialises in long distance travel? Qantas is that airline. And everything, from technology to cabin crew training, is geared to make you as comfortable160 words
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Page 5 Miscellaneous
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Miscellaneous89 1985-10-01 5 rDoonesbury tfoCFi- I SURE PIP, TWER iniuMffi KM HM YOU SEEN THE NAMONAL omiAm?rTs W.PRBSI- DOUBLED SINCE I !JS ■'llilll' •aßi JIM tj II I c, t 'j m OUT..OUTYOUTOLP cnrr methatthema6lC MS OF THE MARKETPLACE S/p' WOULD FW FOR &G TAX CUIS AND A HUGE U»Bi r AW BUILD-UP!89 words
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Page 6 Advertisements
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Advertisement65 1985-10-01 6 5M 4" m A COMMAND POSITION Hong Leong Finance Building 138 Robinson Road *113 podium carpark lots Spacious, sophisticated offices with inspiring seaviews *6,200 sq ft per floor (may be subdivided into smaller areas) Computerised high-speed lifts Energy-saving double-glazed windows 24-hour security Professional management/maintenance for •oqutrmi ctM CITY DEVELOPMENTS LIMITED65 words
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Advertisement9 1985-10-01 6 -y^-\ to-?: >Y; *mtk Ran Ant's New Clipper Class9 words
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WORLD BACKGROUND
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Article, Illustration747 1985-10-01 7 UPI PRIME MINISTER Rajiv Gandhi's ruling Congress (I) Party suffered a resounding defeat in the Punjab state elections, but the election gamble he called "the people's answer to brute force" was perhaps his greatest victory. Mr Gandhi scored a victory, said politicalUPI - 747 words
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Article, Illustration722 1985-10-01 7 NYT TWICE IN FIVE WEEKS, the traditionally unarmed British police have shot an innocent member of a family during a raid on a house in search of someone else. Both shootings were described by the police as tragicNYT - 722 words
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Page 7 Advertisements
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Advertisement383 1985-10-01 7 As you know, there are many office Open Plan Systems available. Hie Question is which one to choose. 8 r This is where we come in. We make it easier for you by considering all the facts you cannot afford to ignore. Facts such as: Flexible and wide range Competitive383 words
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MONEY AND EXCHANGES
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Article561 1985-10-01 8 SINGAPORE THE US dollar yesterday recovered against major European currencies in thin late trading to close slightly firmer but remained weak against the yen. The dollar rose to 2.6780/6800 marks from an early 2.6720/40 and compared with New York's Friday 2.6750/70 close and to 2.1960/90 Swiss francs from561 words
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Article122 1985-10-01 8 THE OVERNIGHT rate on the Singapore interbank money market rose by V« point from Friday to close at 8«/« per cent yesterday. The one-month term rate rose by '/4 point while the two and three-month rates remained unchanged. S$ Interbank rates at 3pm yesterday: Offer Bid Over mght122 words
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Article, Illustration279 1985-10-01 8 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet trading. Asian dollar CD rates were unchanged from opening levels in quiet trading. One month closed at 7.95 85 per cent, three months at 8.06/7.95 per cent and six months at 8.20/10 per cent. MMCATES the279 words
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Article173 1985-10-01 8 TOKYO: GOLD FUTURES yesterday closed 43 to 75 yen lower in active trading on the dollar's continuing decline against the yen. Turnover totalled 6,191 kilos, the fourth largest day's trading volume since gold futures were listed on the exchange in March 1982. Current October was down 54 yen at173 words
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Article295 1985-10-01 8 BA Futures EURODOLLAR futures yesterday opened lower on the carry over effect of Friday's smaller than expected trade deficit. After opening at 91.69, the December contract eased to 91.67 in cautious trading. The contract finally settled at 91.68. D-marks futures opened lower and traded lower as the US dollarBA Futures - 295 words
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Article236 1985-10-01 8 Interbank rates at 3pm yesterday: •id Otter e roM parity change Local dollars to on* unit of foreign currency US dofcjr 2 1360 2.1380 2.8196 -2424 Sterling pound 2 9882 2 9942 7 3469 -59 33 Austrahon dollar 1 5069 1 5104 ***** -56 05 NZ dollar 1236 words
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373 1985-10-01 8 Reuter WESTERN STRATEGY to contain the international debt crisis needs to be strengthened, shifting the emphasis from austerity to economic growth in debtor nations, a senior US administration official said. His comments were the first official confirmation that the US, facing growingReuter - 373 words
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217 1985-10-01 8 FT IN A TRANSACTION designed to strengthen Crocker National Bank, Midland Bank is transferring about $3.6 billion of loans out of its troubled California subsidiary. The bulk of this, $3.1 billion, are foreign loans which are being taken into Midland's International divisionFT - 217 words
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557 1985-10-01 8 NYT THE FEDERAL Reserve Board is likely to decide today to maintain its present course of fairly rapid money growth, a policy that points toward steady interest rates in coming weeks. "I think the Fed is clearly in a holdingNYT - 557 words
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Page 8 Advertisements
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Advertisement7 1985-10-01 8 r Designed by T: fhi'wi<rkfs fjviHinu- jirliiK-7 words
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Advertisement483 1985-10-01 8 STYLE'B6 Fabrics Garments Shoes Accessories (TRADE ONLY) November 13th, 14th and 15th, 19*5,12.00 to S.OO pm •t the Century Park Sheraton A® S K P The Reliable Airline KLM Royal Out c* Afftm* For the sixth consecutive year, leading designers and manufacturers from Austria will present the latest in fashion483 words
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BANKING AND FINANCE
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759 1985-10-01 9 YAMAICHI SECURITIES Co has paid $11.62 million to gain full ownership of Singapore-Ja-pan Merchant Bank (SJMB). The Japanese company, which owned 24 per cent of SJMB, bought the remaining 76 per cent from its three partners, including the Oversea-Chinese Banking Corporation, under an759 words
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168 1985-10-01 9 Reuter THAI FINANCE MINISTER Sommai Hoontrakul said Thailand's Exchange Equalisation Fund would intervene in the market to ensure the baht's stability. He told reporters that the baht, which has appreciated sharply against the US dollar in the past week, should not be allowedReuter - 168 words
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Article, Illustration736 1985-10-01 9 DAVID GABRIEL - Sang Kancil is BT's financial futures trader. Each Tuesday, DAVID GABRIEL traces the tactics and strategies of Sang Kancil on Simex. The starting capital was 5525,000, a sum within the reach of most professionals in Singapore. DAVID GABRIEL LAST WEEK, Sang736 words
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233 1985-10-01 9 Reuter NET JAPANESE purchases of foreign bonds tumbled to U554.47 billion in August from a record $8.45 billion in July as a result of increased profit-taking, the Japanese Finance Ministry said. Buying fell to $25.83 billion in August, the third largest monthly figure,Reuter - 233 words
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434 1985-10-01 9 ALVIN TAY - By ALVIN TAY CREDIT POSB is back at its traditional position of quoting the market's lowest housing loan rates, following its half percentage point reduction, effective today. The cut restores Credit POSB's attractiveness in housing loan rates over three of the Republic's 'Big Four'434 words
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Article171 1985-10-01 9 CITIBANK yesterday signed an agreement to supply its dollar draft facilities to the Post Office Savings Bank. Under the Citicorp Remittance Service (CRS), POSB customers can conveniently remit US dollar drafts anywhere in the world. The agreement was signed by Mr Bertie Cheng, the general171 words
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Page 9 Advertisements
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Advertisement65 1985-10-01 9 iiimnmm forMenOttli Now you can look and feel ten years younger with a fitness program designed specially for men over 40. This terrific new shape-up plan will help you tone muscles and develop greater heart and lung efficiency. In a few short weeks, you can feel strong and fit with65 words
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Advertisement23 1985-10-01 9 Unl you Busines ever] you i sethi stc iuui ii \\i h >i i;s'luao\ ixhnc;h mntss i\ sinc;.\i\ wa *ai .1. "T* ns.23 words
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FEATURES
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Article511 1985-10-01 10 IF MASKS WERE PROVIDED, maybe more employers would attend a conference on managing a redundancy. Their fears are not unfounded. This is a time when everybody is nervous. At the slightest signal, they jump to the worst possible conclusion. All it takes is for one staff member to511 words
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Article, Illustration1154 1985-10-01 10 TONY JACKSON - The once promising petrochemicals industry fighting for its very survival To counter over-capacity in the industry, Europe's chemical manufacturers have come up with a series of sales, mergers and closures. TONY JACKSON finds out if the strategy is working out. TONY JACKSON FT EUROPE'S chemical industry isFT - 1,154 words
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Article231 1985-10-01 10 A Pan Electric Shareholder - letter to the Editor A Pan Electric Shareholder Dear Sir I have just seen the announcement of Pan Electric Industries Ltd's half-year results and the proposal of the directors for a two-for-five rights issue at $1.00 each. Where possible, a rights issue should be231 words
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515 1985-10-01 10 ROBERT THOMSON - By ROBERT THOMSON FT AN EMBARRASSING calculation or miscalculation by China's State Statistical Bureau that the country's trade deficit will be US$lB billion in 1965 has highlighted the potential error in all Chinese commercial statistics, which are sometimes contradictory and often inconsistent.FT - 515 words
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Page 10 Advertisements
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Advertisement242 1985-10-01 10 HONG FOK CORPORATION LIMITED (Incorporated in Singapore) INTERIM STATEMENT The Directors announce the unaudited results for the six months to 30th June 1985 1. (a) TURNOVER (b) Investment and other income excluding Extraordinary items 2. (a) Consolidated Profit/(Loss) before Income Tax. Minority Interests and Extraordinary Items and after Interest on242 words
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Page 10 Miscellaneous
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Miscellaneous692 1985-10-01 10 CRYPTIC PUZZLE ACROSS 3 Chalky-faced individual (5) 8 Flier from the Rhone (5) 10 I dial wrong to get Homer (5) 11 Hill, repeatedly in motoring history (3) 12 How I name the strait (5) 13 Touchmgly amused (7) 15 Raced to produce timber (5) 18 Island of Germany' (3)692 words
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SPORTS
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Article, Illustration687 1985-10-01 11 BRIAN MILLER - By BRIAN MILLER IF HE HAD his way, Nigel Tiley would jump at the chance of getting back into the saddle for the Kuala Lumpur race meeting this weekend. But, instead, he will be flying to Penang where his riding for the next week will be687 words
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Article, Illustration642 1985-10-01 11 AFP SEVERIANO BALLESTEROS was quite right ivhen he predicted that the world match■play golf championship final in Wentworth, Southern England, on Sunday would be between the tired and the sick. The Spaniard scored a six and five victory over West Germany's Bernhard Langer inAFP - 642 words
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373 1985-10-01 11 WALTON MORAIS - By WALTON MORAIS WHAT WAS MEANT to be the determining tournament for the selection of the Republic's golf representative to the Benson and Hedges Spanish Open, from Oct 24 to 27, yesterday produced only more questions. After the monthly professional competition at Seletar, Lim Swee373 words
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Page 11 Advertisements
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Advertisement462 1985-10-01 11 W RENONGBERHAD (Incorporated in Malaysia) PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 30TH JUNE, 1985 The Directors wish to announce the audited results of the Group and the Company for the year ended 30th June. 1985 as follows Notes i) The investment and other income of the Company include462 words
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Page 11 Miscellaneous
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Miscellaneous1232 1985-10-01 11 w mi) mm SENSE AND SENSIBILITY (PART 2) 8.50 pm, Channel 12 In tonight's episode, Elinor, who has started seeing Edward Ferrars again, believes he is about to pop the question. But she is puzzled when his attitude towards her changes suddenly. Sotm and Sansibility... ona of Jana Austen's bast1,232 words
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INTERNATIONAL COMPANY NEWS
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Article, Illustration773 1985-10-01 12 NYT THE MARLBORO MAN, that mythic marketing dynamo, will do a lot for the Jell-O company, many food analysts predict. With its multi-billion-dollar acquisition, Philip Morris, the shrewd consumer goods company, is expected to infuse much more aggressiveness into the General FoodsNYT - 773 words
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Article352 1985-10-01 12 Reuter A US DISTRICT COURT has issued a preliminary injunction restraining Richardson-Vicks Inc from issuing a super-voting preferred stock dividend declared in response to a takeover offer by a unit of Unilever United States Inc. Judge Richard Owen of the court for the southern district of NewReuter - 352 words
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Article83 1985-10-01 12 Reuter A GROUP of equity dealers based in London is proposing to form an international equity dealers association (lEDA) in view of the greater intemationalisation of share trading. Co-chairman Norman Lawrence of Shearson Lehman Brothers International Inc said more than 400 dealers in some 155 firms wereReuter - 83 words
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260 1985-10-01 12 Reuter US TELECOMMUNICATIONS companies which had hoped for easy and profitable access to long-distance markets following the 1984 break-up of the American Telephone and Telegraph Company (AT&T) are finding themselves thwarted by steep costs and slim revenues. AT&T, the world's biggestReuter - 260 words
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356 1985-10-01 12 Reuter AN EFFORT by tobacco, computer and beer companies to keep a tight rein on promotional spending has clouded earnings prospects for major US advertising agencies. Analysts believe advertisers will post flat to slightly higher third-quarter profits as some of their biggest customersReuter - 356 words
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166 1985-10-01 12 MAJOR AMERICAN car makers have been enjoying record sales in recent weeks, but industry specialists believe the lowcost loan rates responsible for the sales explosion will also cut into profits. Wall Street analysts generally forecast higher third-quarter profits compared with last year for General166 words
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Page 12 Advertisements
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Advertisement519 1985-10-01 12 A m -i <tyi H 3 If T if 1 #r:P «3R3*» 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 only519 words
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Advertisement174 1985-10-01 12 London stocks on Psgs 17 For authentic Teochew delicacies, come to Feng Cheng Lou Special Family Menus Menu (for 6 persona) Crown Prince s three-dish combination Teochew soyed goose meat Dried scallop with green vegetables Braised duck with lemon in soup Steamed pomfret Dessert $80~ Men* (for 4 persons) ring174 words
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ASIAN STOCKS
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Article366 1985-10-01 13 TOKYO: Share prices yesterday soared in hectic trading spurred by the growing strength of the yen against the dollar. The market average climbed 107.10 to 12,700.11 after gaining 54.30 on Saturday, making up for the ground lost in last Friday's fall of 150.79. Turnover was 850 million shares against366 words
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Article109 1985-10-01 13 MANILA: Share prices closed generally lower in dull trading. The Commercial and Industrial Index fell by 1.51 to 163.27 while the mining marker eased 0.96 to 660.95. The oils remained unchanged at 0.804. A cot* Mnng unch -0 0015 Oriental B PWex B Pic op B 0 015 0109 words
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Article465 1985-10-01 13 SYDNEY: Australian share markets closed at their third consecutive record high yesterday, fuelled by trading in BHP, a shortage of stock and good demand in most sectors. Brokers said continued expectations of takeover activity also buoyed the market. Near the close of trading, the All Ordinaries Index had added465 words
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Article94 1985-10-01 13 SEP 30 Bonk Seoul Wan 720 Hyundai Const Hyundoi Motor KAL 915 943 468 15 7 3 Choheung Bk Commerciol 0k Doelim Ind 705 741 510 7 •12 25 -3 1 Korea Fnt Yukona Korea 754 1341 434 unch 1 12 Doewoo Corp Daewoo Ind 480 665 Lucky Ltd94 words
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Article163 1985-10-01 13 BANGKOK: Bangkok stock prices closed mixed in slow trading. The Book Club Index improved by 0.08 point to 132.45 as losers led gainers by a three-to-two margin. Turnover climbed to 113,128 shares worth US$16.3 million from the previous 62,363 shares worth $9 million. The Hongkong market was closed yesterday163 words
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Article187 1985-10-01 13 Reuter MIM HOLDINGS Ltd has bought Weeks Petroleum Ltd's 14-per cent stake in Asarco Inc for about US$l4O million. MIM chairman Bruce Watson said the company now held 33 per cent of Asarco and had approval from the national companies and securities commission toReuter - 187 words
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537 1985-10-01 13 AFP' AFTER YEARS of waiting, foreign stockbroking firms are now allowed to enter the Tokyo Stock Exchange the Kabuto-Cho the world's second largest share centre, with daily transactions of more than a billion dollars. A special meeting of the Tokyo Stock Exchange has decidedAFP' - 537 words
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Article280 1985-10-01 13 Reuter JAPAN'S measures to liberalise its financial markets are paying off in the share market as foreign companies, domestic brokers and individual investors see foreign stocks as a new growth area, say stock analysts. "Investors expect there is an opportunity to make more money thereReuter - 280 words
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Page 13 Advertisements
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Advertisement586 1985-10-01 13 Rdr Business Or Pleasure, Lunch At THe Elizabethan Grill Tbday's Specialties: Rock Melon with Port Parma Ham Fresh Local Lobster 'Raffles' with Tarragon Herb Sauce or English Roast Beef on the Wagon Home-made Kiwi Sherbet For reservation, please call *****41 ext 174. Free parking in front reserved for our patrons586 words
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Advertisement74 1985-10-01 13 Savoury Delights Await You At Our Daily Specials! a sumptuous 3-course western or local menu different every day. for lunch and dinner awaits you. Whats more special is the economical price at 511.90 inclusive of coffee or tea What more are you waiting for? Come to Window on the Park74 words
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RAW MATERIALS
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Article485 1985-10-01 14 Group trying to unite producers and consumers AFP THE INTERNATIONAL Coffee Organisation's (ICO) annual conference entered its third week in London yesterday, with delegates expecting a last-minute agreement between ICO producers and consumers on coffee export quotas and prices for the new 1965-86 season, which begins today.AFP - 485 words
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322 1985-10-01 14 Reuter IRAQ HAS STARTED exporting oil through a new pipeline across Saudi Arabia as its air strikes slowed the oil shipments of its Gulf war enemy Iran to a trickle, oil industry sources said. The new exports, loaded last weekend at the Saudi RedReuter - 322 words
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69 1985-10-01 14 AFP JAPAN IS LIKELY to resume importing Iraqi crude next month for the first time in five years, the economic daily Nihon Keizai said on Saturday. It said that Idemitsu Kosan Co will start importing basra light crude at a rate of 20,000 barrelsAFP - 69 words
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426 1985-10-01 14 Reuter SUDAN SHOULD REAP a good crop of its staple grain this autumn, but agricultural experts say distribution problems mean that emergency relief to drought-affect-ed areas must continue at least until November next year. Projections based on rainfall, seed availability and other factorsReuter - 426 words
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114 1985-10-01 14 AFP DEPOSITS of six non-ferrous metals zinc, tungsten, bismuth, molybdenum, lead and tin making up an estimated quarter of their world reserves have been discovered in southern Hunan province in the past five years, the New China News Agency (NCNA) said.AFP - 114 words
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Article87 1985-10-01 14 Reuter THE AMENDED rubber FOB guarantee contract which began yesterday on both the Malaysian Rubber Exchange and the Rubber Association of Singapore is expected to boost rubber prices. The amendments, covering five main areas including the tendering system, are aimed at removing the current weakness andReuter - 87 words
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Article47 1985-10-01 14 Reuter RUBBER EXPORTERS who use the Jakarta Commodity Exchange are entitled to fixed interest rate loans of nine per cent annually to finance export sales, effective last week. A Bank Indonesia spokesman said the loans are available to Indonesian and joint venture foreign traders. ReuterReuter - 47 words
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146 1985-10-01 14 Reuter CUBA'S vital sugar crop could (all by almost one million tonnes next year because of a drought gripping the Caribbean island, according to President Fidel Castro. In a televised speech to commemorate the 25th anniversary o( the foundation of Cuba'sReuter - 146 words
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Article58 1985-10-01 14 AFP MALAYSIA IS PLANNING to ban coconut imports to protect and stabilise its domestic market, said Deputy Agriculture Minister Goh Cheng Teik. Prices of copra had hit an all-time low of MsllB per 100 kilos in August. Mr Goh said action was also being taken toAFP - 58 words
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Article93 1985-10-01 14 THE KUALA Lampnr tin price yesterday (ell Ave eeita U ctose at M59».29 per Idle. Hk (all was mainly caased by sterling's weakaess against the rlagglt which widened the leeal premlnm against LME spet tin to £2M per tonne (rem £175 last week. The high premlnm dlseenraged sverseas93 words
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Article353 1985-10-01 14 RAS prices in S cents/kg, FOB in k> ales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 158 50 159 50N 158 50 159 50N Int RSS Oct 85 158 50 159 50 158 50 159 00 Int 1 RSS Nov 85 161 00 161353 words
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Article108 1985-10-01 14 (cents/kg, 1-ton 85 NOV 85 (current month) (forward month) NOON NOON RAS Buyers Sellers Buycn Sellers SSR 20 139 00 141 00N 140 00 142 OON SSR 50 137 00 139 OON 138 00 140 OON MRELB Buyers Sellers Buyers Sellers SMR CV 195 00 197 OON108 words
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Article1121 1985-10-01 14 COFFEE ROBUSTA coffee futures yesterday remained largely neglected, but slightly pared early losses to midday at down £27 a tonne to unchanged from Friday's close, dealers said. At midday, second position November was £26 down from the previous close at £1,652, in a £1,671/1,648 high/low. Spot September went1,121 words
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Article151 1985-10-01 14 SINGAPORE THE MARKET yesterday closed lower with October One RSS buyers quoted at 158.00 cents per kilo, down two cents from last Friday. MALAYSIA Conditions on the market were dull with the expiring Oct Int One RSS buyers closing at 181.00 cents per kilo, up 2.50 cents from Friday's151 words
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Article152 1985-10-01 14 Chinese Produce Robusto 20/25% FOB NSW 440 00 Exchange (Sellers' noon closing Sep 30 (SS/100 kg) prices on Nutmeg 110 FOB NSW ***** E&W FOB NSW 339 00 Coconut oil Bufc Foe 80 00 Gambier OW drum FOB 9300 FOB NSW 330 00 New drum FOB 97 00152 words
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Article152 1985-10-01 14 Singapore Java Brans (S$/kilo, e»-oodown) White special 0 21 029 Frogront new crop 1st 0 76 quality China maize 2nd 3rd 054 052 Thai Maize 030 New Crop 25% no stock Bangkok 10% no stock (USS/toone, FOB) Thai Broken White Rice A-super 054 100% 1st doss 250 Special 052152 words
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Article155 1985-10-01 14 MALAYSIAN crude palm oil prices yesterday recovered slightly on late covering interest to close off the day's lows. Early levels were pressured by short selling activity following India's rejection of offers at its weekly vegetable oil tender and a slightly weaker Chicago soyoil futures close feist week. October155 words
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Page 14 Advertisements
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Advertisement122 1985-10-01 14 PILECON PILECON ENGINEERING BERHAD (Incorporated in Malaysia) 1985 INTERIM UNAUDITED RESULTS The Board of Directors of Piecon Engineering Berhod ore pleased to announce the unaudited mtenm results of the Company and of the Group for the six months ended 30 June 1985 as foflows Note I Interest on borrowings including122 words
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Advertisement532 1985-10-01 14 NOTICES TTTT or THE COMPANIEB ACT, CAP. HI Pim»( to Secitf 2M(t)(b) HOK LIE A COMPANY (PRIVATE) LIMITED At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 111 North Bridge Road #22-01 Peninsula Plaza Singapore 0617 on Monday 30th September 1985 at 11.00 am. the532 words
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SHARE INFORMATION
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Article, Illustration4345 1985-10-01 15 SELLERS MADE their presence felt more strongly on the Singapore stock market yesterday as many punters and speculators began taking profits on the huge gains scored recently by lower-liner Malaysian issues. The Straits Times Industrial Index fell 11.73 points to 776.06, due mostly4,345 words
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Article260 1985-10-01 15 SINGAPORF Rises Indices 50< 290 52 Sep 27 Sop 30 Macon 8M IT Composite 673 35 665 13 Sri Hortomo 264 +13 BT Indicator *****61 *****48 M« flwun 50c 133 +13 BT OB/OS 264 +177 TDM 474 +12 ST Indvstrioh 787 79 776 06 U M Flow260 words
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Article4924 1985-10-01 15 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore jysterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".4,924 words
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541 1985-10-01 16 SHARE PRICES generally finished lower on profit-tak-ing on the Kuala Lumpur stock market yesterday. The pace of trading was, however, less hectic compared with last week. A few counters bucked the trend and were chased to sharply highly levels while most other issues finished with541 words
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Article3394 1985-10-01 16 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. MDUSTRMLS A Otoe <2.708> (6) 2 72 (4) 2 713,394 words
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Article108 1985-10-01 16 HONGKONG Friday 1445.9 Hong Seng Index Week ago 1407.5 Monday Closed Friday *****0 NEW YORK Week ago 1535 45 Dow Jones TOKYO Friday Closed Thursday 1320 79 Tokyo Dow Jones Week ago 1297 94 Monday ***** 11 Friday ***** 71 Week ago Closed Standord Poors Friday Closed Thursday108 words
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Article282 1985-10-01 16 Monogers' prices for Oct 1 Singapore Unit Trust The Commerce 191 2 03 The Savings Fund 1 39 1 47 S'pore Prog Fund 0 82 0 87 S pore Sec Fund 1 19 1 26 S'pore Invest Fund 0 80 0 85 S pore Equity Fund 0 84282 words
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Page 15 Advertisements
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Advertisement11 1985-10-01 15 KL market report, Business done on the KLSE See page 1611 words
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Page 16 Advertisements
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Advertisement805 1985-10-01 16 SALE On behalf of the owners of equipment once belonging to MARATHON LETOURNEAU OFFSHORE PTE LTD due to their rationalisation programme. To be held at 55 Gul Road, Singapore 2262 on November 7th and Bth 1985 at 9.30 am sharp. Major Equipment include:* )HYDROMECH 10/3 ton electric overhead double girder805 words
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Advertisement864 1985-10-01 16 3 MY AUCTION SALE of assets surplus to the current requirements of MITSUBISHI SINGAPORE HEAVY INDUSTRIES (PTE) LIMITED to be held at 50 GUL ROAD, SINGAPORE 2262. on November 4th, sth 6th 1985, at 9JO am sharp dally. J OVER 2,500 lots, including:- BH Track, Truck Rail Mounted, Luffing Jib,864 words
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COMPANY NEWS
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397 1985-10-01 17 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN THE SLUGGISH economic conditions have taken its toll on the performance of Public Bank, the fourth largest banking group in Malaysia. In the half year to end-June, Public Bank group's pre-tax profits fell by 41.6 per cent to M 521.1397 words
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Article131 1985-10-01 17 VAN DER HORST, which is currently being courted by Malayan Tin Printing, has teamed up with an Indonesian group to set up an engineering company in Surabaya to serve the growing oilfield and industrial market there. Its Indonesian partner is the Ometraco group and VDH131 words
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LATEST RESULTS
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86 1985-10-01 17 UNITED PULP Paper Com- pany Ltd: Group net loss of $1.24 million (loss of $2.7 million) on turnover of $6.84 million ($6.81 million) for the six months to June 30, 1985. The company is not paying any dividend. UPP says the interim results are considered satisfactory in view of the86 words
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43 1985-10-01 17 Group operating profits of $864,000 (loss of $4.46 million) on turnover of $24.35 million ($24.32 million) for the year to June 30, 1985. The company is paying a first and final dividend of 2 per cent less tax.43 words
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Article26 1985-10-01 17 Group pre-tax profits of $5.74 million ($216,000) on turnover of $54.8 million ($7.57 million) for the six months to June 30, 1985.26 words
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Article44 1985-10-01 17 Group pre-tax profits of $16.58 million ($18.78 million) on turnover of $105.56 million ($79.63 million) for the year ended June 30, 1985. A second and final dividend of 4 per cent (tax exempt) has been recommended, payable on Jan 7.44 words
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Article33 1985-10-01 17 Group pre- tax profits of $4.77 million ($5.28 million) on turnover of $178.92 million ($187.98 million) for the six months ended June 30, 1985. No interim dividend will be paid.33 words
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Article39 1985-10-01 17 Ltd: Pre-tax loss of $1.24 million (loss of $90,000) on turnover of $9.66 million ($12.34 million) for the six months to June 30, 1985. There was interest and other income of $1.46 million ($1.44 million).39 words
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Article34 1985-10-01 17 Group pre-tax loss of $2.27 million (profit of $169,000) on turnover of $11.6 million ($13.64 million) for the six months to June 30, 1985. No interim dividend will be paid.34 words
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Article87 1985-10-01 17 Group pre-tax profits of $2.33 million ($3.69 million) on turnover of $12.02 million ($13.93 million) for the year ended June 30, 1985. The drop in profitability was largely due to the depressed tourist industry and lower investment income. The writing off and disposal of fixed assets87 words
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Article28 1985-10-01 17 Pre-tax loss of $2.22 mil- lion (loss of $2.23 million) on turnover of $9.43 million ($31.24 million) for the six months to June 30, 1985.28 words
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Article33 1985-10-01 17 Group pre-tax loss of $4.72 million (profit of $517,000) on turnover of $39.5 million ($47.71 million) for the six months to June 30, 1985. No interim dividend will be paid.33 words
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Article22 1985-10-01 17 BRITISH MALAYAN Trustee Ltd: Operating pre-tax profit of $659,000 ($527,000) on turnover of $871,000 ($747,000) for the year ended June 30, 1985.22 words
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Article47 1985-10-01 17 Group pre-tax profits of M 53.11 million ($4.69 million) on tuniover of $16.55 million ($15.43 million) for the year ended June 30, 1985. Directors have proposed a first and final dividend of 5 per cent, less tax. Dates of payment have not been fixed yet.47 words
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Article29 1985-10-01 17 Group pre-tax profits of M 51.21 million ($1.91 million) on turnover of $43.53 million ($65.43 million) for the six months ended June 30, 1985.29 words
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Article73 1985-10-01 17 Loss before tax of M 5631,000 (profits of $382,000) on turnover of $26.51 million ($3l million) for the six months to June 30, 1965. The loss was due to a sharp drop in sales coupled with the increase in depreciation and pre-operating expenses arising from the73 words
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Article45 1985-10-01 17 Group operating profit of M 5472,000 ($1.6 million) on turnover of $15.75 million ($23.07 million) for the six months to June 30, 1985. The company says the results reflect the continued weak market conditions. Thin margins and poor collections prohibit aggressive marketing.45 words
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Article971 1985-10-01 17 SHARE PRICES closed higher yesterday, helped by the rise in leading exporters after sterling's early decline on the foreign exchanges and the higher opening on Wall Street. At 3.30pm, the FTSE 100 Index was up 8.6 points to 12,89.3. Dealers noted the rise in the index was limited971 words
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498 1985-10-01 17 CHAN OI CHEE - Group incurs pre-tax loss of $3.3 m By CHAN OI CHEE FIRST, IT WAS Tractors Malaysia Bhd. Next, UMW Corporation. Now, Inchcape Bhd has become the latest company to be hit by the very depressed industrial equipment market in Malaysia, pushing the group498 words
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Article679 1985-10-01 17 SIM LIM Investment's takeover of property company Kian Seng Realty (KSR) has met unexpected resistance among the independent directors of Kian Seng. Having considered the advice of their financial advisers, Wardley, the independent directors led by Mr Chan Kee Hwa are asking shareholders to reject679 words
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Page 17 Advertisements
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Advertisement45 1985-10-01 17 £2 Knight Frank Cheong Hock Chye Baillieu 128 HIIIVTFWAVFNI IF Single storey factory double storey office building □Title: 999 years nOffice: 354 sq m tJZoning: Industry 121 sq m £3 Area: 4,982 sq m n Factory: 2341 sq m n Asking price: Upon Application *****3345 words
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Advertisement77 1985-10-01 17 ANNOUNCEMENT Yamaichi Securities Co., Ltd is pleased to announce that with effect from October 1,1985 Singapore-Japan Merchant Bank Limited has become its wholly owned subsidiary conducting business under the name Yamaichi Merchant Bank (Singapore) Limited K. Maekawa, Managing Director H. Kuroda, General Manager (Investment) T. Tsuchiya, General Manager (Banking) Address77 words
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LATE FILE
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Article48 1985-10-01 18 Reuter THE Soviet Union yesterday started tabling "drastic solutions on all" problems being discussed at the nuclear and space weapon control talks with the US, chief Soviet negotiator Viktor Karpov said,before the start of a two-day special session at the superpower arms control talks. ReuterReuter - 48 words
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Article68 1985-10-01 18 Reuter PRESIDENT Reagan will hold a summit of the seven leading Western nations in New York on Oct 24 as a prelude to his talks with Soviet communist party chief Mikhail Gorbachev in November, the Bonn government said. A spokesman said Chancellor Helmut Kohl had receivedReuter - 68 words
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Article77 1985-10-01 18 UPI TOLLS paid by ships transiting the Suez Canal will be raised by an average of 3.4 per cent as of next year to increase the total canal revenue by US$3O million annually. Ezzat Adel, the chairman of the canal authority, said yesterday tollsUPI - 77 words
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Article63 1985-10-01 18 AFP THE Islamic Jihad (Holy War) group said yesterday that it had mined the Red Sea, in a statement to a foreign news agency in Beirut. The statement, similar to one it issued in mid-1984, came three days after Lloyd's of London, the marine insuranceAFP - 63 words
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Article58 1985-10-01 18 Reuter AT LEAST 53 Filipinos were believed killed when Malaysian gunboats and helicopter gunships attacked a remote island in the southern Philippines. A Philippine military report said the attack on Maranas Island near the Malaysian state of Sabah took place on Thursday. Presidential palace sourcesReuter - 58 words
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Article46 1985-10-01 18 Reuter GANGS of youths hurled stones and petrol bombs at police and raided shops in a second night of violence in London's largely black Brixton district. But police, who made 48 arrests, said the incidents were minor compared with Saturday's incident. ReuterReuter - 46 words
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Article, Illustration388 1985-10-01 18 LEE HAN SHIH - By LEE HAN SHIH Property Correspondent PRICES OF RESIDENTIAL properties continued their downward slide in the first quarter of this year, with flats and condominiums showing a year-on-year loss of 21 per cent of their value. This meant that a $500,000 condominium boughtSource: Dept of Statistics - 388 words
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Article74 1985-10-01 18 Reuter COMEX GOLD FUTURES were under pressure yesterday morning, with selling generated by a firm dollar pulling the metal through last week's lows. Gold for December delivery fell US$3.9O to $329.00 an ounce. Silver futures slipped through last week's double lows on small selling stemming fromReuter - 74 words
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Article61 1985-10-01 18 Reuter THE NEW YORK stock market rose in early trading yesterday after a three-day weekend caused by last Friday's storm. The Dow Jones Industrial Average was up four points to 1325 on 12.07 million shares. Advances led declines by a six-five margin on turnover of 12.07 millionReuter - 61 words
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92 1985-10-01 18 Bernama THE FIVE National Joint Councils representing public sector workers in Malaysia have decided to accept the offer to meet Prime Minister Dr Mahathir Mohamad over their wage claims but have said they will not withdraw any planned action to support their claims. ThisBernama - 92 words
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Article161 1985-10-01 18 AP THE US government's main gauge of future economic activity rose a solid 0.7 per cent in August, giving further evidence that the economy was at long last rebounding from a year-long slump. The Commerce Department said the advance in its index of leading indicatorsAP - 161 words
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Article, Illustration66 1985-10-01 18 THIS GIANT KERIS is a gift from the people of the town of Klang to their Sultan to commemorate the silver jubilee of his reign yesterday. The 20m high steel structure weighs 700 tonnes and costs US$2OO,OOO and is said to be the biggest keris66 words
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Article149 1985-10-01 18 Bernama THE DEMAND FOR application forms to buy MAS shares under the airline's privatisation programme got off to a slow start yesterday. The issuing house, Malaysian Industrial Development Finance Berhad (MIDF), said that hundreds queued outside the MIDF building in the morning to obtainBernama - 149 words
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396 1985-10-01 18 EARLY ACTION and some fairly radical suggestions for changes in Singapore's economy can be expected from the Economic Committee set up by the Government to map out the country's future, one of its senior members has revealed. "The Economic Committee is prepared to recommend quite396 words
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311 1985-10-01 18 MONICA GWEE - By MONICA GWEE THE SETTING-UP of a trading room for the Diamond Exchange of Singapore's (DES) continues to be dogged by delays because of apparent problems in finding premises. But DES announced at its annual general meeting last Sunday that a "weekly market day"311 words
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Page 18 Advertisements
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Advertisement97 1985-10-01 18 Restf* 1 roxW B m t 1 r v -A |f Enjoy again the music that M mack The Cathay famous m LIVE! Soothing, silky sounds I now presented by the fl Love Lites. Music that distinguishes The Cathay as the Chinese Restaurant with the unique international supperclub ambience. Come97 words
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Advertisement110 1985-10-01 18 THE WORLD S FIRST ONLY PAPERLESS PRINTER CALCULATOR! i jsJ V '.A 1 s >. J||| Innovatively designed for executives Thoroughly portable and slim-line Auto Power-Off System Large scale 4-line liquid crystal display screen No paper roll costs Process and Standard Modes Process Mode Entries memorized independently Up to the110 words
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Page 18 Miscellaneous
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Miscellaneous57 1985-10-01 18 Outlook for today: Showers in several areas in the late morning and early afternoon. Report tor 24 hours prior to 7 30pm on Sep 30 at the airport: Maximum temperature 30.7 Associated humidity 67 Minimum temperature 24.4 Associated humidity 96 Hours of sunshine 2.40 Rainfall in millimetres trace Rainfall this57 words
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SHIPPING TIMES
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522 1985-10-01 19 G DURAIRAJ - By G DURAIRAJ COASTAL OPERATORS have urged the Malaysian government to exercise restraint in issuing licences as they fear that any additional tonnage in the ro-ro trade could rock the market severely. The managing director of Bintulu Contractors, Mr Aw Theng Hong, said:522 words
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505 1985-10-01 19 Lloyd's List CLASSIFICATION societies, marine underwriters and P St I clubs have agreed to work together in an important initiative aimed at increasing maritime safety. Talks between the three interests have been quietly taking place since the beginning of the yearLloyd's List - 505 words
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PORT SIDES
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Article128 1985-10-01 19 AP The 256-METRE Japanese oil tanker Continental Monarch, seized by US marshals in Honolulu in August, was auctioned on Thursday for a top bid of US$4 million from William Drakos of New York, representing Groton Pacific Carriers Inc. The bid is subject to approval at aAP - 128 words
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Article88 1985-10-01 19 Reuter THE FAR EASTERN Freight Conferences said that from Oct 3 revised currency adjustment factors (CAFs) will apply for vessels plying to and from South Korea at minus 12.00 per cent from a current minus 16.50 per cent, Taiwan minus 0.50 per cent from minus 5 per centReuter - 88 words
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904 1985-10-01 20 Reuter WITH THE KHARG Island oil terminal almost paralysed by repeated Iraqi air raids, many of Iran's oil customers, notably Japan, are turning to other sources, including Iraq, oil sources said. The oil sources said on Sunday that no tankers had loaded from KhargReuter - 904 words
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Article712 1985-10-01 20 AB Shpg V 5 Afeo Line VI 3 Alphotrons IX 2 APC Line V 4 APL III 2/3 Antah Orient X 1 Arrow Lines X 5 Atlas Lines X 1 Anro Service IV 3/4 ANL 1 1 ASCL III 1 Bait-Canada Line V# 4/5 Balt-Onent Line VII712 words
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Article1613 1985-10-01 20 US GULF grain bulker rates continued to harden on the freight market on Friday, but there was a scarcity of business confirmation. A 52,000 tonner reportedly received the much firmer figure of US$l4 (fio) for a US Gulf-Japan grain haul. Two smaller bulkers also found employment on that1,613 words
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Article201 1985-10-01 21 UPI A SUPERTANKER ran aground in the Delaware river, gashed a hole in its side and spilled 1.9 million litres of crude oil that stretched on Sunday "like a piece of licorice," threatening water supplies and wildlife preserves. Governor Michael Castle called it theUPI - 201 words
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442 1985-10-01 21 AFP AP THE HIGHLY TOXIC cargo of a freighter which ran aground at Mogadishu last month could begin polluting the port city over the next few days, Somali Ports Minister Ahmed Suleiman Abdallah warned. Somali authorities fear that the pollution could reach catastrophic levelsAFP; AP - 442 words
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358 1985-10-01 21 Kingsley Wood - By Kingsley Wood THE SPECIALISED round-the-world liner services (ETW) of United States Line and Taiwan's Evergreen are not likely to have any impact on Australian shipping or trade. But the vast increase in container capacity represented by the 34-ship358 words
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Article203 1985-10-01 21 Oct 8-10 Offshore computers conference and exhibition, Aberdeen Exhibition and Conference Centre, Aberdeen. Oct 9 Sundials, Honourable Company of Master Mariners technical meeting, 1740 hours, HQS Wellington, Temple Stairs, Victoria Embankment, London WC2. Oct 14-19 Expoship Riomar 85. The fifth Seatrade organised exhibition in this biennial series will203 words
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Article188 1985-10-01 21 THE MAJOR shipping consortia operating between the Far East European, Far East' Persian Gulf, Straits ports Australia. Straits Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line.188 words
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6110 1985-10-01 26 aaaapotß A guide to ships loading at Singapore tor 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 Port6,110 words
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Article645 1985-10-01 27 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location B Permd 334 1 10 85 1700 Ned-EAC F7 0700-0800/0800-0900 P2/S2 TW Bridge 26E 1.10 85 1700 Kawasaki F1 0700-0900 G3 Thana Bhum 001 1.1085645 words
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Article1622 1985-10-01 27 The leading shipping lines operating from local ports and their agents. A-B A Top Enterprise* Pte Ltd Some (S) AB Shipping Boustead Shpg Agencies Atea Line Afncon Shpg Agencies (S) Ahrenkiel Ltnei Kim Shpg (S) Alfred C Toepfer Oceonus ShippmgAgencies (S) Multiport Sdn Bhd (PK) Amencon1,622 words
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Article630 1985-10-01 28 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Rajah Brooke K24E SSPL alongside 1.10.85/2300 Belait K25W SSPL alongside 1.10.85/2300 Clydebank K18 Boustead alongside 1.10.85/J 800 Kap Mezentsev K9 SinSov alongside 1.10.85/1500 Kota Singa K31 PIL alongside 1.10.85/1800 Song Cau K2I NAPL alongside 1.10.85/1500 Kota Jaya630 words
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Article311 1985-10-01 28 AFP CONTINUING absence of enquiry for large vessels to load at the Iranian terminals at Kharg Island lent credence to reports that damage to the loading facilities there caused by Iraqi air attacks is extensive. But Iran was enquiring early in the week for 100,000 to 150.000-tonners toAFP - 311 words
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Page 19 Advertisements
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Advertisement961 1985-10-01 19 Monthly from Pitman Available at all good bookshops and newsagents (3 Orient Overseas CvU&Uua, Line Agents: JMOM SHPPMG MEMOES (t«f lb. M2IM/0W) mrrrr!m 70 Stwnlon May *04 03 Karma Hm« Smiworr 0207 TH *****U Ictei NO RS 241/9 mjjmi CFS Off CI IPC ****** T«* *****31 7770(3) eutiHH Terminal OHice961 words
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Advertisement70 1985-10-01 19 QEBUDB WITH THE KHARG Island oil terminal almost paralysed, many of Iran's oil customers, notably Japan, are turning to other sources. Page II THE HIGHLY TOXIC cargo of a freighter which ran aground at Mogadishu last month could begin polluting the port city. Page 111 Index to odvertisers II London70 words
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Advertisement1331 1985-10-01 19 *0 FESCO LINES Tt FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA, USA CANADA. Agent: Singapore Soviet Shipping Co Pte Ltd TEL: *****3 MAERSK LINE f/ MAERSK LINE (SINGAPORE) PTE. LTD. IS NOW BERTHED AT SQUTHPOINT 2 Feeder P«nang Ve.ee! Singapore Oram Taaes CY 7/10 1500 HRS1,331 words
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Page 20 Advertisements
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Advertisement598 1985-10-01 20 ANNOUNCEMENT EXPRESS REGULAR SERVICE SINGAPORE TO RATAM DUMAI SHIPPING PTE. LTD. takes pleasure to announce the inauguration of our express regular service from Singapore to Batam and the appointment of our booking agent: ABC MARINELAND SERVICES PTE. LTD. NO. 19, DELTA ROAD SINGAPORE 0316. We offer weekly service with 2598 words
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Advertisement285 1985-10-01 20 Barber BueS63__ ii mail Supercarrier Service •artM* Biu^-Se* WH AWWVAISN ROUfN 16 10 BARRfR PtRSIUS 16 10 N ROSARIO 6 11. BARRfR WCTOR 6 11 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA 15/11 28/11 3/12 7/12 19/12 23/12 Mso jcrrptdf contrs lot Houston (MB) S Francisco Oakland Stockton285 words
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Page 21 Advertisements
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Advertisement708 1985-10-01 21 The Straits Steamship Group in Mansfield Container Shipping Re Ltd Overseas Containers Limited CONT ,OS,IP STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok I wOMTAINERSHIP SERVICE TO UK CONTINENT r'.VM' i. t wmm I44UKU LLiJ CONTAINERSHIP SERVICE FROM IW/ CONTINENT P Kelang S pore 01/10 02/10 06/10 OS/IO708 words
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Advertisement724 1985-10-01 21 STRAITS/ BOMBAY/ KARACHI/ GULF CONFERENCE EXTRA RISK INSURANCE SURCHARGE (ERIS) Shippers are hereby advised that the Extra Risk Insurance Surcharge (ERIS), would be increased as tollows effective 2nd October 1985 (a) Frcm 3% to 3.5% for shipments to Non-Iranion/Non-lraqi Gulf Ports. (b) From 3% 'minimum' to 3.5% 'minimum' for shipments724 words
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Page 22 Advertisements
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Advertisement442 1985-10-01 22 R u Hapag-Lloyd TO CONTINENT/UK EXPORTS On carriage to Scandinavia. Med, Carribean &S. America Inland haulage to inland destinations in Europe I TO EUROPE/MED Spore PKelanjPenang LenoesEMbao Genoa Hburg Rdam Bharen A werp Soph* Rickmers 110 410 ***** 10 Renee Rickmers 17/10 19 10 21 10 15/11 Bertram Rickmers 31*10442 words
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Advertisement402 1985-10-01 22 MS LINE FULLY CON TAINE R I S ED E R VIC E 10 EUROPE VIA SUEZ Mm*«» o« M* Cawortwn EUR Oft Vl# SUEZ 1 Hkmoft ot th« At* Comortum FROM 7 10 'JO 9t 4 10 10) 16 10 il4 101 is 10 (71 10) CHIN* CONIAINR 31E402 words
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Advertisement470 1985-10-01 22 Hai Sun Hup Co (Pte) 1 TEL *****06 (20 Lines) TLX RS2?<J6I Ltd A R*****2 X t K\sti:K\ < \K I.IM:I£. I.TD. \m INTERMARITIME LTD K Knabahi TH: 2215*0 Midi Tel: *****1 REUNION/SOUTH AFRICA SERVICE DIRECT MONTHLY SAILINGS KK KM Spore Pk Reu Dbn El CI M V LUCAYAN IRAKI)470 words
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Advertisement389 1985-10-01 22 EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) ALSO ACCEPTING ICI FCI t FCI FCI TO GOIHENBURG AARHUS COPENHAGEN OSIO STOCKHOLM HEISMKI BREMEN BRfMERHAVfN MA HAMBURG LONDON SOUTHAMPTON MANCHE STER HRMMGHAM LIKRPOOL GIASGOW MA FELIXSTOWE AMSTERDAM HA ROTTERDAM US WEST COAST SERVICE AISO ACCEPTING389 words
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Advertisement348 1985-10-01 22 mSINOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Sinfipore Loadhf 10/10 B. Abbas. 8 Khomen KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC STOKE PKeianf Loxfent tor: WHITE LILY 5/10 Suva. Laotoka, Pappettee OCEANIA QUEEN 7/10 Lae. Orobay. P Moresby, OCEANIA COURRIER 28/10 Lae, Orobay,348 words
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Page 23 Advertisements
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Advertisement1063 1985-10-01 23 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 VESSEL KOTA MEGAH KOTA WIRAWAN KOTA WANGSA KOTA SEJATI KOTA AGUNG KOTA TIMUR VOYAGE E-585 E-583 E-589 E-591 E-593 E-595 HONGKONG SINGAPORE LOADING FOR: MUKALLA. DJIBOUTI. HODEIDAH. JEDDAH. PT SUDAN. AOABA ADEN, HODEIDAH. ASSAB. JEDDAH. P SUDAN.1,063 words
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Advertisement900 1985-10-01 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT l pool Bar Senator 1fk?o Bar Beratdei Cit* of Idrtufli firttol lipifss H«ntw( (i(ini Osaka Bit Bremen tipreu EXPRESS CONTAINER SERVICE FROM UK/CONTINENT &ffu»or SaM laky* Bay Saied Benatder Saied Kitano Maru Saied Kaufa Maru SaM City et Ednbw| Saied franktut Eipresi900 words
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Advertisement500 1985-10-01 23 DJAKARTA LLOYD INDONESIAN NATIONAL LINF 'FAR EAST TO/FROM SPORE CONTAINER SERVICE Uij *i?l CONTAINER SERVICE TO EUROPE WEST BOUND STOK I I BONUNG ¥6*B Wort mataram v 12 a MAT MAM VI3WB 4S/11 1/" PALEMBAHG V3WB 1# 12/11 l>/}2 J*'}* SRIWIIATA VliWB 21/11 25/12 W n,lt also ncartMG boih conimkk.500 words
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Advertisement640 1985-10-01 23 BOUSTEAD SHIPPING AGENCIES Mawlamyamt V2BN BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon Lotkaw VIO2W •Pajo V/ 10 Basse*i V7BN Htoneywa V/205W LOADING FOR EUROPE PKeUnf Penang Saied In Port/ 2 Oct Saied In Port/4 Oct 10/12 Oct BANK LINE EXPRESS SEMI-CONTAINER SERVICE TO UK/CONT CLYDEBANK SPORE640 words
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Page 24 Advertisements
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Advertisement1581 1985-10-01 24 \*."K"line KAWASAKI KISEN KAISHA, LTD. SMW mG Miw w «a «w< m»msi« s wtiono vmmmro KWORE BROCE V4B AMAIIA V 6802 2 Oct 4 Oct t Oct 8 Oct 25 Oct 25 No* 2 Dec S Dec 7 Dec I Dec 11 CENTRAL AMERICA/CARIBBEAN SEA EEEDER VSL MOT** VSt PKIG1,581 words
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Advertisement584 1985-10-01 24 '//f CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE I"1 10 ANi.ill: >AN IRANf I ,tO St Aim Ui IMA .AMOUVtR Bt A..*ptm k m II I ContjtnrrBHAVABHUII BHARAIINOU S«£jpun- I Arte**' 30 31 Oct 2i Nov 30 31 No< 7t Dec AUSTRALIA EXPRESS CONTAINER SERVICE ICI ICI JAPAN SERVICE loidnt584 words
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Advertisement494 1985-10-01 24 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 'i«f Ptowkul Bart Bute* 40 C«i Str«l 1 S""MK 0104 HI 221J7* (10 UKS) lp— Limpw ***** 1 P Ktlanf 3*7* l Peiunf XMU Paw Gudjnj *|fnt ORENT LIOTO (M) SON B*> lEI 4*370 STRAITS/PERSIAN GULF SERVICE: Sp or* PAelang Penary GOLDEN WONDER494 words
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Advertisement500 1985-10-01 24 INTRASEA (PTE) LTD. 10 Anson Road #27 16 International Plaza Singapore 0207 Tel *****1 1 1 1 0 L.nesl ffOAAUA'IItrX o BREAKBULK SERVICE TO EUROPE/UK S pore t. KctMfLMtfnf tor FORT TALE BBIMI3 Std SETE ROTT ANT UK (AVON) ANANGEL LKXTT BBIMIS 4/10 «/10 ROTT ANT UX (AVON) Saif Jpare500 words
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Page 25 Advertisements
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Advertisement818 1985-10-01 25 NOL NEPTUNE ORIENT LINES LTD Also accepting cargo to/from Scandinavia K CHANCE S'pore Closing Times FCL Cargo 0400 2/10 LCI Cargo 1200 1/10 FROM EUROPE (VIA SUEZ) Where PK dates indicated in brackets, cargo to/from PK transhipped via SP TO AND FROM AUSTRALIA: Also Atepting urgo to tfom Bangkok and818 words
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Advertisement617 1985-10-01 25 (Ifssrt No i Donjffl SO7H No 1 Donjm SOW No 9 Datum SO7N No t Donjm SOW No i Donim SOS# No 1 Ootum SOW No 9 Ooium SOW No I Oorum SOW No i Donjm SOW Spo>f In fort 14/10 ?3 10 30 10 til It/11 24/11 3/12 11617 words
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Advertisement859 1985-10-01 25 h W SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** f. KELANG PENANG M/S SHARKAT NAM SOON SON. BW>. IST AND ?NO FLOOR MESSRS HAI THONG SWPPMG859 words
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Advertisement35 1985-10-01 25 SIM SWEE JOO SHIPPING SDN. BHD. i EXPRESS TO BINTULU F. KfUnt loadiif for CONTAINERISED SERVICE Kudini, BaiMu Mri. KK Agents: JAMBATAN MERAH SDN. BHD. P. Kelang: *****b 7 K.L. *****7 *****1 Penang *****1 *****535 words
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Page 26 Advertisements
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Advertisement749 1985-10-01 26 ItcyiMial Container Lines tSSSSSTtI 4 Sailings weekly Fast Reliable Regular ■V Punctual Berthing P.S.A. Mon, Tue. Thur. Sat HINODE KISEN CO. LTD MIDDLE EAST REGULAR I.I\ER SPfCIALISED HEAVY LIFTERS AVAILABLE VEB DtUTFRACHT/SEEREEDEREI ROSTQCIt FORTNIGHTLY FULL CONTAINER SERVICE TO EUROPE ST CABMTSCHAU 7, IS 2 MUELHLHAUSEN 4 8S 14 PASEHALK 8749 words
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Page 26 Miscellaneous
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Miscellaneous185 1985-10-01 26 Regional Weather 0 v o N El K 'i PS a 2 i U m r* N S3 yz rt! m s> ft B S S3 2* 1£ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wove height One half tleche represents 5 knots R Thunderstorm Temperature c185 words
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Page 27 Advertisements
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Advertisement151 1985-10-01 27 n&Mfstißi MSC AGENCIES K. LUMPUR P. KELANG PENANG P. GUDANG j. BAHARU LEOSHP CDnOC *****8/*****6/*****4/*****3 *****1/4 TERMINAL *****1/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDCR B BUTANE HTTTTB rTTCTB BZMESZM E3EI VSI N. HOUTMAN B permju FROM EUROPE *Sl FTXTI EZB ESDI EEZQI Cl£H QE^H irrrrnrn151 words
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Advertisement95 1985-10-01 27 WEC. WEST EUROPEAN CONTAINER LINES MEEKLY FULL CONTMO SERVICE VM ROTTERDAM TO: CANARY ISLANDS TENERIFE. LAS PALMAS PORTUGAL LISBON LEIXOES (LCL ACCEPTABLE) SINGAPORE AGENT: ALPHA TRANS SERVICES (SEA) PTE LTD TEL: *****26/ *****58 pB LIN LIN SHIPPING PTE. LTD. 1 Magazine Road. •OS-N Central Building Singapore 0105 Tel: *****14 I95 words
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Advertisement271 1985-10-01 27 LIC.OKNE •GENERAL AGENTS SEALION SHPPMG (S) PTE LTD. SMGAPORE SALES/BOOK H6S TEL 2205M1 (S LftS) Scan Dutch 9 To Europe (Med/UK/NC/Scan) FEEDER PENANG 6 Butang Sid B Butang 3/10 B Butang 10/10 B Butang 17/10 B Butang 24/10 B Butang 31/10 FEEDER P.KELANG B Butang Sid 6 Butang 4/10 B271 words
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Page 28 Advertisements
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Advertisement336 1985-10-01 28 -J Mitsui OS K. Lines. Ltd CONVENTIONAL/SEMI-CONTAINER EAST AFRICA CONTINENTAL PARTNER 1 OCEAN ELITE 1 APOLLO PEAK 2 WEST AFRICA EVERDAWN HIMALAYAMARU 1 10 Oct Mombasa. Daressalaam. Tamatave 18 Oct Mombasa, Daressalaam 24 Oct Port Louis. Rejnion 4 Oct Nacala, Abidjan. Lome. Tema. Lunada 13 Oct P.Noire. Monronia, Abidjan, Tema,336 words
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