The Business Times, 18 October 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 FRIDAY, OCTOBER 18, 1985 75 CENTS
    12 words
  • 478 1  -  Some labour intensive operations to be moved to Malaysia By CHUANG PECK MING SINGAPORE WILL both gain and lose from a worldwide reorganisation by General Electric (USA). The US multinational, which had total sales of nearly US$2B billion last year, is
    478 words
  • 590 1  -  By LOH HUI YIN SINGAPORE is to become China's second biggest supplier of two petrochemical products, after Brazil, as a result of a deal clinched by the Polyolefin Company. The deal guarantees TPC, one of the companies in the $2 billion petrochemical complex,
    590 words
  • 132 1 Agencies AVANT-GARDE French novelist Claude Simon has won the 1985 Nobel prize for literature, the first French writer to do so since Jean-Paul Sartre turned down the Nobel prize in 1964. Simon, 72, a winegrower in southern France, is the author of such works as
    Agencies  -  132 words
  • 192 1 THE AMERICAN economy, after six months of disappointing growth, picked up steam during the third quarter of this year, but the pace remained below the rebound predicted by President Reagan's administration. The Commerce Department said the Gross National Product, the broadest measure of
    192 words
  • 114 1 Reuter THE DOLLAR SLID two pfennigs in hectic morning trading in Frankfurt yesterday after the West German central bank apparently dumped a sizeable amount of the currency into the market in a bid to restrain its upward drift. The dollar rose
    Reuter  -  114 words
  • 490 1 ASEAN COUNTRIES have agreed to consider adopting measures to counter the effects of American legislation which would seriously affect their textile exports to the US. A joint statement issued by Asean economic ministers in Bangkok yesterday said the six member countries Brunei,
    490 words
  • Article, Illustration
    82 1 A GENERALLY laeklnstre performance daring the itteriHi seaslan nw the Slngnpere stock market due m a mixed ante. Speculative* were tower bat Mae-chip lames held steady. The BT Campaalte Index climbed 2.4« palate to CM.ll, while the IMteck Straits Times Industrial Index rase til paints to IUJI. Lasers
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  • 291 1 Bernama THE MALAYSIAN cabinet would convene a special meeting on Oct 28 to scrutinise the Industrial Master Plan, Acting Prime Minister Musa Hitam said yesterday. In his keynote address at the European Management Forum round table meeting in Kuala Lumpur, he said the
    Bernama  -  291 words
  • 176 1 THE EUROPEAN Community, an old hand at drawing tourists to their shores, could teach Asean countries a thing or two about marketing themselves as tourist destinations. Brigadier-General (Res) Lee Hsien Loong, in identifying tourism as a new direction for Asean-EC cooperation, said that EC countries
    176 words
  • Page 1 Advertisements
    • 103 1 fi Inlm-c-h M 9-12 April 1986 Singapore Singapore Exhibition Services Pte Ltd Tel: *****47 Challenges Met, Opportunities At Banque Indosuez, we turn challenges into opportunities. We have applied our expertise in Treasury, Foreign Exchange and Capital Markets and have designed new products, techniques and strategies to help you cope with
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    • 266 1 SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS LETTERS CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW COMMENTS BY A FOREIGN exchange marketing officer from a Hongkona-based bank have caused some consternation among the Singapore dealing community. However, before allowing themselves to become upset, Singapore dealers may want to take a
      266 words
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  • HOME NEWS
    • 487 2  -  By MONICA GWEE A LAWYER YESTERDAY came to the defence of the Companies (Amendment) Act 1984 which he said had an unfair reputation of unduly persecuting company officials. "The burdens imposed in Singapore upon a director are probably no higher than those
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    • 341 2 AN INDECISIVE PERSON is a miserable person and he makes others involved in the decision miserable too, believes Mr Kenneth Dwerry house. "The truly effective decision maker is a risk taker who shifts and creates new directions with his decisions," said Mr Dwerryhouse, the
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    • 386 2  -  By ANNA TEO SINGAPORE COMPANIES have what it takes to compete successfully in overseas markets. But they still need more training to acquire the necessary skills and master new technology to enter new markets, said Dr Tay Eng Soon yesterday. "It's a
      386 words
    • 174 2 SOCIAL SECURITY systems in Asean will be the focus of discussions during the 10th Federation of Asean Economic Associations Conference. The conference, which is organised by the Economics Society of Singapore, will be held at the Hyatt Hotel from Nov 5 to
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    • 60 2 ELECTRICAL engineers in the private sector are now permitted to test high-volt-age equipment. The PUB yesterday announced a scheme to register engineers who can offer this service to developers and industrialists. Test reports submitted by them will be accepted by the PUB as a prerequisite for
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    • 156 2 REPAIR WORK is continuing at the section of Scotts Road in front of the Hyatt Hotel. The road collapsed on Oct 8 because of an air leak from an MRT tunnel. A specialist grouting subcontractor has been commissioned to solidify and strengthen that stretch of the road by
      156 words
    • 194 2 THE Housing and Development Board recently awarded three contracts worth about $4 million. Two were contracts for civil works while the third was for the supply of metal form work. The biggest of the three contracts was for the construction of Tampines
      194 words
    • 77 2 THE Singapore Institute of Management (SIM) held its management diploma graduation ceremony at the Shangri-La Hotel last night. Mr Chng Hee Kok, MP for Radin Mas, presented diplomas to 428 people who completed the various SIM management diploma courses, including 20 medal winners. The largest number, 188,
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    • 155 2 FLIGHTS OF FANTASY is the latest gimmick employed by American Express to promote the use of its credit card. The occasion is Amex's 60th anniversary. Lucky credit card holders will celebrate in exotic destinations as Kenya and Mauritius. To qualify, all
      155 words
    • 357 3  -  By YAP BOH HOON A COMBINATION of Asian hospitality and Western technology was behind Singapore Airlines's tremendous success in the highly competitive airline industry according to Mr Michael Tan, SlA's commercial director. Its commitment to excellence was seen in January 1984, when Tokyo
      357 words
    • 282 3 THE JAPANESE worker is just as motivated by wages and promotion as by his loyalty to the company, according to a visiting Japanese professor who spoke at the National Productivity Congress yesterday. And contrary to popular notion, there was more "discretionary democracy"
      282 words
    • 151 3 STROLLERS' WALKABOUT by day and pasar malam by night? Street activities in the central city area, similar to the busy sidewalks in European cities perhaps, are in the offing, as the authorities concerned remain mum about the proposed new Bugis Street.
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    • 330 3  -  By BOEY KIT YIN ROSEMOUNT SINGAPORE has expanded its marketing and distribution services to assembly activities to ensure better and (aster services to its regional customers. The company, which makes electronic pressure transmitters and process control systems, has spent about $1 million in a new
      330 words
    • 131 3 MICROFITS and Methods is one of 24 companies to be given an award for "Good Manufacturing Practice". The manufacturer of tools and moulds for the semi-conduc-tor products had its name inadvertently left out by the Singapore Institute of Standards and Industrial Research when the latter
      131 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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    • 188 3 iflTiTi Ml gjMwi. i !> i P^-_S#'" > Jg'jls>£r mmm i?^ f >f> i Now with Bank of America your network can span over 75 countries, with superior technology and top level personal support. There's one bank that can offer you the world and deliver it. Bank of America's network
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  • OVERSEAS
    • 475 4 Bernama ALL CIVIL SERVICE unions in Malaysia have agreed to a cooling oh period and to call off the nation-wide picket proposed for Oct 23 on condition that Prime Minister Dr Mahathir Mohamad agree to meet their representatives to discuss their wage claims.
      Bernama  -  475 words
    • 203 4 UPI CHINA IS PLANNING to expand its already booming tourism industry by promoting specialised tours for motorcyclists, skiers, cooking enthusiasts and calligraphers, according to the official Xinhua News Agency. Chinese officials attending an international tourism convention in Beijing said in the
      UPI  -  203 words
    • 131 4 AFP VISITING West German Minister for Economic Cooperation Jurgen Warnke has urged the Philippine government to control the flight of capital from the country, saying this inhibited the entry of foreign loans. He also hinted at a news conference in Manila on Wednesday that
      AFP  -  131 words
    • 314 4 AP TAIWAN'S textile industry, threatened by relatively high labour costs and US protectionist sentiments, faces a bleak future. Industrialists say labour costs have doubled since 1980 with the average monthly income of each textile worker reaching NT*l6,OOO (US$4OO). Wu Cheng-Chia, the president of the
      AP  -  314 words
    • 899 4 ARRIVALS Operator Service Local From number time PAA PA21/5 0020 LAX/TYO/HKG KAL KE697 0040 SEL S1A SQ41 0605 MAA S1A SQ43 0750 DHA CAL CIOJO 0750 JED/DHA MAS MH68I 0820 KUL MAS MH603 0905 KUL SWR SRI 76 0935 GVA/ZRH/BKK MAS MH811 0940 PEN SV SV378 0940
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    • 364 5 FT THE EUROPEAN Commission has set out plans for an EC-wide assault on unemployment, involving both trade unions and employers in a combined strategy of wage moderation and steady expansion of demand. It singled out West Germany as the member state with the greatest
      FT  -  364 words
    • 124 5 AP THOMAS O'NEILL, the Speaker of the US House of Representatives, has said that foreign aid programmes and the US contribution to the World Bank and the International Monetary Fund could be the first victims of efforts to balance the government's budget. "Those will
      AP  -  124 words
    • 284 5 Reuter FACES martial law or revolution unless it adopts a new strategy for dealing with urban riots. John Newman, the chairman of the London Police Federation which represents 25,000 London policemen, demanded the right to use tear gas and plastic bullets to
      Reuter  -  284 words
    • 115 5 Reuter BRITISH POLICE have been ordered to investigate claims that former senior Cabinet minister Cecil Parkinson leaked "pillow talk" state secrets to his mistress. The inquiry was ordered by the Director of Public Prosecutions, Sir Thomas Hetherington, after his former mistress, Sara Keays, 38, told a newspaper.
      Reuter  -  115 words
    • WORLD IN BRIEF
      • 61 5 A TAIWANESE company has banned laughter on the job among staff at one of its British factories, the Financial Times said in London yesterday. The report said electronics company Tatung, which does not recognise trade unions, had issued a memorandum to factory supervisors at its Telford plant asking
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      • 66 5 PRESIDENT SUBROTO, the president of the Organisation of Petroleum Exporting Countries, said yesterday the current oil glut cannot last long and demand will exceed supply in the coming five years. Following a meeting with President Suharto, Subroto, who is also Indonesia's Minister for Oil and Energy, said: "The
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      • 85 5 INDIA WILL PAY workers in village projects in wheat instead of cash to help reduce wheat stocks, Minister of State for Rural Development Chandu Chandrakar said. Officials quoted him as saying almost eight million tonnes of India's total food grain stocks of about 30 million tonnes, mostly
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      • 37 5 Agencies A FUTURE centre-right government in France would aim to raise between 12 and 15 billion francs a year in 1986 and 1987 through selling off nationalised enterprises, former President Valery Giscard d'Estaing said. Agencies
        Agencies  -  37 words
      • 64 5 A TELEVISION documentary about two extremist politicians in Northern Ireland was aired on Wednesday by the British Broadcasting Corporation, two months after the programme's banning led to a one-day journalists' strike. The programme, titled "At the Edge of the Union", centred on Martin McGuinness, the alleged
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      • 63 5 ANGRY POLICE yesterday denounced new laws proposed for New South Wales under which they would drive drunks home. A state government proposal that police chauffeur drunks home or to special shelters instead of locking them up would be intolerable, New South Wales Police Association president John Greaves
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      • 87 5 US AIR FORCE headquarters in Europe has banned airmen from wearing earrings on base even when they are in civilian clothes, the US Armed Forces newspaper, Stars and Stripes, reported on Wednesday. The newspaper, the authorised publication of the US Armed Forces overseas, said the ban applies to
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      • 57 5 FRANCE WILL UNDERTAKE the world's most complex telephone operation at precisely 11 pm (2200 GMT) on Oct 25, changing the nation's 23 million phone numbers instantly. The switch, according to officials of the state-owned Post and Telecommunications (PTT), will not mean any interruption to service, even to
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      • 69 5 A BURMESE cultured pearl necklace, joined by two diamond snowflake clasps to another strand, was sold by Sotheby's for U*****,000 on Wednesday, setting a world auction record. The necklace capped a two-day jewellery sale by the auction house of 407 pieces for a total of $6.5 million.
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    • 449 5 Yeutter told to begin proceedings against EC and South Korea Reuter PRESIDENT Ronald Reagan of the US has ordered action against the European Community and South Korea in his drive to end what he considers unfair trade practices. The White House announced he had instructed US
      Reuter  -  449 words
    • 411 5 AP DEMOCRATS and Republicans are backing President Reagan's request for US$3OO million to counter certain subsidies by France and other nations that promote exports to poor countries. The object is to get France and other countries to negotiate an end to "mixed credits" the diverting
      AP  -  411 words
  • Page 4 Advertisements
    • 488 4 I I I ill i i i ill Data Processing The Wang VS family of computers integrates and distributes information from desktop to mainframe, across local and remote Wang and IBM environments. Because the Wang VS family is fully compatible, it offers an easy upgrade path for painless hardware and
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  • Page 4 Miscellaneous
    • 69 4 Doonesbury PR DAN, WHAT ABOUT =1 THAT NOTORIOUS BABY I BOOM SUBSPECIES i.l THE YUPPIE? IS HE 2=l A PHENOMENON OF THE PAST? 5S >Wmj£ mk o m \\2 urn E =i BY GARRY TRUDEAU THE YUPPIE'S VERYRESIUENT, THOU6H. I Hflh/E NO DOUBT HEIL BE BACK, PROBABLY IN TIME FOR
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  • Page 5 Advertisements
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  • AIR CARGO
    • 656 6  -  Bid to increase business in the region By RAY HEATH BLESSED BY A saffron-robed Buddhist monk, the first two of four Airbus A3OO-600s ordered by Thai Airways International officially entered service last week. But while interest on the crowded tarmac centred on the new
      656 words
    • 386 6  -  By LIM SOON NEO LOOK AT PARIS as the European hub for air cargo, freight agents, shippers and airlines in Singapore were told recently by a team from the Paris airports authority, Aeroports De Paris (ADP). This unromantic invitation from a four-men team on
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    • 257 6 ARRIVALS DEPARTURES Operator Flight Local From Operator Flight Locol For number time number time FRIDAY KAL KE697 0040 SEL NW NW906 0210 HKG/NRT/ LAX/SFO TMA TL35I 1 130 BEY/SHJ KAL KE697 0325 BKK/ KUL (SEL) KAL Kt698 0325 BKK/ (SEL) JAL JL6I5 0905 KUL TMA TM35I 1230 TYO(BKK/
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    • 212 6 FLYING TIGERS and Saudi Arabian Airlines (Saudi) have jointly launched a scheduled Boeing 747 freighter service from New York to Dhahran, marking the only direct, all-cargo service from the US to Saudi Arabia. Under the joint operating agreement, Saudi will share cargo capacity on Flying Tigers's
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    • 199 6 US-BASED Purolator Courier Corporation will be marketing its express document services in Singapore through an exclusive licensing agreement with Asian Courier System (Holdings) Ltd of Hongkong. The Purolator express document service will be offered by Asian Courier in China, Taiwan, South Korea, Hongkong, Macau and
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    • 112 6 A SMALL PARCELS door-to-door delivery service from Japan to Singapore has been started by Yusen Air and Sea Service. Called "Wingpack", the service started on Oct 1 with Yusen actively canvassing (or small parcels of less than 20 kg. Besides Singapore, shipments from Japan to Hongkong
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  • Page 6 Advertisements
    • 122 6 Qantas. More flights tomore holiday destinations in Australia than any other airline. Australia, a continent so vast and diverse that it offers a huge range of holidays as different and as magnificent as the landscape itself. Explore the wild North Country on a four wheel drive photographic safari. Fish for
      122 words
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  • BANKING AND FINANCE
    • Article, Illustration
      890 7 SINGAPORE THE US dollar yesterday reversed its earlier firmer trend to close lower against major European currencies in moderate and nervous late trading following reports of Bundesbank selling dollars in Frankfurt, dealers said. It fell to a late 2.6610/25 marks after touching a high of 2.6830 and compared
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    • 238 7 Interbank rates at 3pm yesterday: Currencies Nominal rate* Smithsonian Bid Otter croas parity change Locol dollars to on* unit of foreign currency: US dollar 2 1435 2.1445 2.8196 -23 98 Sterling pound ***** ***** 7 3469 -58 79 Australian dollar I 4972 1 5000 3 4286 -56.33 NZ
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    • 345 7 EURODOLLAR futures yesterday opened higher than Wednesday's close as a result of the fall in industrial production on Wednesday night. After opening at 91.70, the December contract edged marginally higher to 91.71 in quiet trading as most traders stay on the sidelines ahead of the GNP figure last night.
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    • 242 7 HONGKONG: GOLD yesterday closed higher on fairly active sh-ort-covering against the sharp decline in overseas centres on Wednesday. The bullion price finished at U*****.70/325.10 an ounce against an initial 324.20/60 and New York's 323.60/324.10 close. On the local market, gold was HK$lO below Wednesday's closing at $3,021 a tael.
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    • 34 7 S$ Interbank rates at 3pm yesterday: OH*. Bid Over mght 6 1/4 6 1-month 5 7/8 5 3/4 2-month 5 15/16 5 13/16 3-month 5 15/16 5 13/16 Overnight mode: 5 5/8
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    • 293 7 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet afternoon trading, dealers said. Short-dates were steady to slightly lower initially and remained unchanged subsequently. Overnight closed at 8-3/16 8-1/16 and week fixed at 8 1 eight per cent. Period rates were little changed from earlier
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    • 482 7 FT INDIA'S commercial foreign borrowings are projected by the country's Planning Commission to rise from US$l.2 billion a year to an average of $2 billion during the country's new fiveyear plan for 1985-90 which is to be published next month. This is a bigger
      FT  -  482 words
    • 139 7 UPI THE INTERNATIONAL Finance Corporation (IFC), a World Bank affiliate, has signed a US$l5-million agreement for its first private sector loan in China, officials said yesterday. The agreement, signed on Wednesday night, makes the IFC a partner in a new joint
      UPI  -  139 words
    • 441 7 FT EGYPT, grappling with looming serious balance of payments problems, is asking the International Monetary Fund for US$l.5 billion standby facilities. The IMF is sending a team to Cairo next month for consultations. Dr Erfan el-Shafei, the First Undersecretary of State in the Ministry
      FT  -  441 words
  • Page 7 Advertisements
    • 198 7 Seminar on Banking Laws and Regulations (Interpretation and problem issues) Peat Marwick will be holding a seminar on the major provisions in The Banking Act and the major banking and merchant banking regulations in Singapore on 15 November 1985 at the Hotel Meridien, Orchard Road, from 9 am to 12.45
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    • 2 7 4* 4
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  • FEATURES
    • 489 8 THE HACKLES OF Singapore's foreign exchange community have been raised this week. What caused the normally unflappable plumage to be so ruffled came in the form of an attractive guise from the world of gnomes in Hongkong. Miss Irene Lee, a vice-president of Security Pacific National
      489 words
    • 1504 8  -  Prime Minister Lee Kuan Yew's visit to the US served to achieve a level of rapport with top American leaders undreamt of even as recently as five years ago, reports MANO SABNANI. MANO SABNANI SINGAPORE BUSINESSMEN who were closely watching Prime Minister Lee Kuan Yew's second
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    • 152 8  -  Letters to the Editor EX-VOLUNTEER Dear Sir I have been told that there will be a very special observance of the 40th anniversary of the Declaration of Peace in 1945, at the Kranji War Memorial on Sunday, Nov 10. There will be large contingents from
      152 words
    • 318 8  -  GILLIAN DAVIDSON Regional managing director, Cameron A Davidson Pty Lid. Dear Sir With reference to the article titled "Advertisers go head hunting" (BT Oct 3), there are unfortunately some errors in the article which, in the interest of our business, must be corrected. Firstly, our fees
      318 words
    • 162 8  -  DISGUSTED SHAREHOLDER Dear Sir I felt honoured when I attended an annual general meeting recently and was ushered into a room to sign the register and received an invitation to buffet lunch after the AGM. However, after the meeting, when we were separated into two
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  • Page 8 Advertisements
    • 155 8 There's a feast of information in The Economist this week. For an appetizer, dip into our Economic and Financial Indicators on the last two pages. Or whet your appetite with a quick course on World Politics and Current Affairs up front. The Economist offers a tempting range of main courses
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  • Page 8 Miscellaneous
    • 39 8 a [BnStoW: Fbs-reoy —sup this through FgRNVCjKfe PORCH INC nnOtffc. THRN [<\\l JOB'S seu.vou R STpvrnp in THE. uhwt iue well is r H e LOOfcLD ComiKG* T0... SORRY 'S PRiypfllE. CoagfrSPr^nc^rP Buy The. Fißr>7l| MRS R FGRNKinG IN£P?P
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  • SPORTS
    • 685 9  -  Luxury liners to provide ring-side seats during America's Cup competition By BRIAN MILLER The ITALIAN cruise liner Achille Lauro will be one of many passenger ships that will serve as floating hotels during the America's Cup races to be sailed off the Western Australian port
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    • 475 9  -  By WALTON MORAIS SINGAPORE'S Poh Eing Chong, who will play with the world's best in the Benson and Hedges Spanish Open next week, prepared in fine style yesterday by grabbing a share of the first-round lead in the M 570,000 Maruman Classic at Johore Baru.
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    • 240 9 UPI THE KANSAS CITY ROYALS for one night banished those post-season ghosts. The Royals, who had won just one play-off series since 1976, came back from a 3-1 deficit to win the American League pennant on Wednesday and advanced to the
      UPI  -  240 words
    • 98 9 AP THE HANSHIN TIGERS scored two runs in the top of the ninth inning on Wednesday night, salvaging a 5-5 tie with the Yakult Swallows that assured the Tigers of its first Japanese Central League pennant in 21 years. Home runs by Randy Bass, Masayuki Kakefu
      AP  -  98 words
    • 237 9 Body Language THERE ARE currently two unalterable risk factors contributing to heart disease advanced age and a family history of heart problems. Science has shown that even in these cases, it is clear that those who exercise have a much better chance of surviving a
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  • Page 9 Advertisements
  • Page 9 Miscellaneous
    • 1314 9 to vm mm 1 t M 1 iJ, A PLANET FOR THE TAKING Subdue The Earth 8.00 pm, Channel 12 The human species sees itself as supreme to other forms of living things in the battle for survival. This episode challenges this view and the role we play in it.
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  • INTERNATIONAL STOCKS
    • 304 10 FT THE RIFT between the London Stock Exchange and international securities dealers in the UK widened on Wednesday as a large group of major foreign bankers and brokers decided to press ahead with plans to form their own UK regulatory organisation. Representatives of some
      FT  -  304 words
    • 160 10 Reuter THE SECURITIES and Exchange Commission of the US is expected to approve within the next few weeks an electronic trading link between the Philadelphia and London stock exchanges. Industry and government officials said that initially, the link will provide for trading in currency options. But
      Reuter  -  160 words
    • 320 10 Reuter A WAVE OF takeover enthusiasm and optimism about the US economy sent the Wall Street stock market soaring to record levels on Wednesday. The Dow Jones Industrial Average jumped 18 points to 1368, continuing an uptrend that started last week. The index of
      Reuter  -  320 words
    • 128 10 OCT 16 Abititx a 17 inch Imp 04 tnco tnt Prov P<>« 51* 16* 42* Akan 33* Kerr Add 15* Argoen Hldgs Lobtaw B Massey Ferg 20 3* unch inch Bank Nova Scotia 18 40 MoKon A 18* BP Can Ltd 29'* Moore Cp 25 Brascan 32* 37 Noranda
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    • 185 10 OCT 16 Horn) Urwec 580 -10 Wootwofih 1285 10 INDUSTRIALS MININGS A AJpho 850 3375 -75 160 IIOOGBunch AE And a 820 20 1465 -35 450 7575 -125 AMIC 2850 800 1130 -10 1850 20 C G Smith 2350 100 1150 -20 CNA 220 1350 25 415 -5 5175
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    • 695 10 OCT 16 US$ Ale on Alunwi 24V. unch Alcoo 32 Allegheny Lud 26* Afced Chem Cp 44*. 1* A Iked Stores 55* AlriChotmeri 4 Am Bronds Inc 57* 1* Am Broodcost 116* Am Con Co 56 •f Am Cyononwd 50* Am Elec Pwr 21"* unch Am Express 42*
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    • 896 10 Amsterdam OCT 16 Fb ABN 492 00 -2 5 Argon 94 20 -0 6 Ahold 257 50 -1 Akzo 120 90 -04 AAtfV 69 90 0 4 Amftrs Amro Bonk 85 50 -0 2 BerVel 38 20 -05 Boh 453 00 +8 Bur Tet 99 50 -0 2
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  • Page 10 Advertisements
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  • ASIAN STOCKS
    • 347 11 HONGKONG: Stock prices yesterday closed higher in moderate trading aided by a late round of institutional buying. The Hang Seng Index rose 6.42 points to 1,624.79 after Wednesday's rise of 15.48. Property stocks were the focus of attention ahead of a government land sale next week as the property
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    • 237 11 OCT 17 AM Smear* Indus Aim Cement KT 3 03 19 40 24 50 -001 05 0.2 Lien Hwa Indus Nan Ya Plot Pocrfic Coos Pacific Elect Wire 12 75 25 70 1520 1345 0 1 07 02 0 2 Chang Hwo Bank Chen Loona Cf*o Hsn Cement Own
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    • 365 11 TOKYO: Share prices yesterday rebounded in moderate trading from earlier falls but ended the day lower. Investors were puzzled over the market's future trend. The market average fell 15.42 to close at 13,021.14 after losing 18.% on Wednesday. Turnover, active in the morning, slowed in the afternoon to total
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    • 100 11 MANILA: Share prices yesterday closed largely unchanged in quiet trading. The Commercial and Industrial Index rose 3.99 to 180.27 while the Mining Marker was steady at 698.30 and oils were unchanged at 0.779. San Miguel B firmed to 16.25 from 16. OCT 17 Acot* Mrag 0001 Onantol B PNex
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    • 379 11 SYDNEY: Share markets yesterday closed steady in dull trading with early gains undermined by losses in BHP and a general lack of interest. The market lacked direction in spite of marked gains in a few industrial stocks. The All Ordinaries Index eased 0.1 to 1034.0 near the close, the
      379 words
    • 71 11 OCT 17 Bonk Seoul Won 709 Hyundoi Cornl Hyundoi Motor 910 915 unch 10 691 734 -2 Commcrciol 8k Doekmlnd 740 569 unch 5 Yukona 1340 436 inch Do«»oo Corp 490 1 Lucky Ltd 623 +9 650 5 Satmiog Co 700 10 625 7 938 31 GokJStor 647 .3
      71 words
    • 144 11 BANGKOK: Stock prices yesterday closed marginally lower in quiet trading. The Book Club Index fell 0.08 points to 131.92 but gainers led losers by a three-to-two margin. Turnover dropped to 126,735 shares worth 15.6 million baht from Wednesday's 169,681 shares worth 29.1 million. OCT 17 Mm Siam Camant 537
      144 words
    • 56 11 Reuter INTERNATIONAL Business Machines Corp (IBM) has taken a computer software dispute with Fujitsu Ltd to arbitration. An IBM statement said some differences between the two companies on software were addressed in a 1963 agreement but questions have arisen in connection with the settlement and IBM is
      Reuter  -  56 words
    • 460 11 AFP US COMPANY Minnesota Mining and Manufacturing, also known as 3M, obtains a quotation on the Tokyo stock exchange today, two days after Philip Morris, a major US tobacco company, obtained its listing. Shares in the West German Dresdner Bank will be quoted
      AFP  -  460 words
    • 113 11 AFP NISSAN is to invest £27 million in a network of garages across Britain to provide the Japanese company with sales outlets for cars to be built at its plant under construction in Sunderland, north-east England, it was announced. Dealers have been given financial
      AFP  -  113 words
    • 158 11 AFP THE FORMER JAPANESE telecommunications state monopoly, Nippon Telegraph and Telephone (NTT), sold to private investors in April, has announced the creation of a joint engineering subsidiary to tackle the international market. NTT will hold 52.8 per cent of the new company which will be called NTT
      AFP  -  158 words
    • 84 11 Reuter A HONGKONG COURT has approved Associated Hotels Ltd's scheme of reorganisation which will go into effect today, the company's financial adviser, Phoon Chiong Kit, said. The previously announced scheme calls for a flotation and capital expansion for the compa- ny's wholly-owned subsidiary, Associated International Hotels
      Reuter  -  84 words
  • Page 11 Advertisements
    • 577 11 r. %#7 N Harbour Grill fipi t >/ 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. (jartouF grill' HK>TON NTbRNATIONAk SINGAPORE J? S' i p AsVv° S^S-sSSS^
      577 words
    • 91 11 Savoury Delights Await You At M L'i J. t!: A available during lunch! For reservations call V m >i M I «•*> I 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
      91 words

  • RAW MATERIALS
    • 486 12  -  By MICHAEL NEILL THE PROSPECTS for copper, the London Metal Exchange's premier contract, are mixed, and the demand outlook for the end of the decade contradictory with analysts predicting growth in the East and decline in the West. Dr Takeshi Nagano, the president
      486 words
    • 601 12 COFFEE ROBUSTA coffee futures on Wednesday continued firm throughout the day, to end with gains of £14 to £26 a tonne from Tuesday night's close. At the close, January was £18 up from the previous close at £1,698 in a £1,714/1,690 high/low. Near November was £14 higher at
      601 words
    • 201 12 SINGAPORE THE MARKET yesterday closed slightly weaker with November One RSS buyers quoted at 162.25 cents per kilo, down 0.25 cent from Wednesday. The morning session lost 0.50 cents following some long liquidation and forwards selling. Prices recovered fractionally in quiet afternoon trading. MALAYSIA The market continued dull and
      201 words
    • 290 12 Singapore C-l Ord unq (S$/kilo, o-godown) Loonzoin Rice Fragrant new crop 100% 1st grade unq 1st 076 100% 2nd grade 215 2nd 0 54 100% 3rd grode unq 3rd New Crop 25% 052 no stock Parboiled Rice 5% 215 10% no stock 10% 210 Thai Broken Maize unq A-super
      290 words
    • 189 12 MALAYSIAN crude palm oil prices yesterday closed firmer but were off the day's highs on late selling amid uncertainty over India's weekly import tender. Dealers said the market earlier noted strong covering activity and further speculative buying, prompted by Pakistan's purchase of 15,000 tonnes of Malaysian RBD palm
      189 words
    • 138 12 WHEAT FUTURES on Wednesday recovered from early lows to close higher despite weakness in the neighbouring corn and soybean pits, ending up 2V* cents to l /t cent per bushel on the Chicago Board of Trade. December settled at USs3.os'/« after posting a s'/« cent range on the day.
      138 words
    • 87 12 THE Kulft Lam par Tin Market (KLTM) yesterday closed unchanged frem Wednesday's M$3M6 per Idle en lower disposals si 15 tonnes against 18. The hnffer steek manager again teeh mest e( the etferings while Japanese and lseal haying csntinned to be small. KLTM's dlseennt to LME's spet Ugh
      87 words
    • 166 12 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,500 Blue Phoenix 20'* 2,550 Blue Phoenix 32's 2,950 Blue Phoenix 40's 3,300 Girded yarn, hank Blue Phoenix 21'» 2,750 Combed yarn, cones Blue Phoenix 32's 4,100 Blue Phoenix 40's 4,300 Open-end yam Blue
      166 words
    • 344 12 RAS prices in S ctnts/kg, FOB mi b oles NOON CLOSE lnytrt Sellers Bmtih Int 1 RSS Prompt 161 50 162 50N 160 50 161 SON Int 1 RSS Nov 85 163 00 163 50 162 25 162 50 Int 1 RSS Dec 85 164 25 164
      344 words
    • 105 12 (c«ntv/Vg, 1-ton poll«U) NOV 85 DEC 85 (current month) (forward month) NOON NOON RAS Buy*n Bwy«n j 9 H Cft SSR 20 152 50 154 50N 153 50 155.SON SSR 50 150 50 152 50N 151 50 I53 50N MRELB Bwy*n Sihn Sdtors SMR CV ***** 2I4
      105 words
    • 155 12 Chineee Produce Robusta 20/25% 440 00 Exchange FOB NSW (Sellers' noon closing prices on Nutmeg 110 FOB NSW Oct 17 (SI/100 kg) 479 00 Coconut oil E&W FOB NSW 356 00 Bulk FOB Oid drum FOB New drum FOB 75 00 88 00 92 00 Gombier FOB NSW
      155 words
    • 124 12 SOYBEAN FUTURES on Wednesday closed 3 3 to 1V« cents US per bushel lower, with November setting a new contract low at U554.97 V 4 before settling at $4.99 3/ 4 after posting a 3'/i cent range on the day. The resumption of the midwest soybean harvest this week
      124 words
  • Page 12 Advertisements
    • 163 12 •Mi v i, t Xi yr~ n •v; pv II ■Hum TWICERS *rr rJ 1 •wiron rrEETTC) KIM BE Mr THE HILTON MEETING MAKERS When you host a function at the Hilton International Singapore, you'll find there's a group of people assigned to making sure your meeting is nothing short
      163 words
    • 57 12 September 1985 AUSTRALIAN WHEAT BOARD DM 300,000,000 Loan Facility Arranged by COMMERZBANK COMMERZBANK (SOUTH EAST ASIA) LTD. AKTHNGf SEILSCHAFT Provided by COMMERZBANK (SOUTH EAST ASIA) LTD. BAYERISCHE LANDESBANK GIROZENTRALE BHF-BANK INTERNATIONAL SINGAPORE BRANCH DG BANK DRESDNER (SOUTH EAST ASIA) LIMITED DEUTSCHE GENOSSENSCHAFTSBANK HELABA LUXEMBOURG WESTDEUTSCHE LANDESBANK HESSISCHE LANDESBANK INTERNATIONAL S.A.
      57 words

  • SHARE INFORMATION
    • 4384 13 IN SPITE OF a generally firmer opening, share prices ended on a mixed note on the Singapore stock market yesterday due to a late round of profit-taking. Trading volume was much lighter than the previous day, although a handful of speculative Malaysian
      4,384 words
    • 297 13 SINGAPORE Rises Indices Oct 16 Oct 17 M Cobles 520 36 BT Composite 647 64 650 10 S» Hug Chan 270 24 BT Indicotor *****01 *****55 Hum* M 320 20 BT OB/OS 251 -176 SIS 219 19 BT CAtX 5322 5323 Mutpfco Spo *t 90 14 BT
      297 words
    • 4583 13 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      4,583 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 516 14  -  By NAJEEB JARHOM TIN AND PROPERTY company Selangor Dredging Bhd is keen on teaming up with a newlylisted Australian company, La-ser-Tech Australia, to refine tin ore on site using a mobile tin smelter that the Australians say will slash production costs by as much
      516 words
    • 290 14 THE TEMERLOH Robber Estates Berhad: 71st AGM at Standard Chartered Bank Chambers, Penang on Tuesday, Oct 22, at 12.15 pm. CI HOLDINGS Berhad: 8th AGM at the Abbey Room, Ground Floor, Hotel Merlin, Jalan Sultan Ismail, Kuala Lumpur on Saturday, Oct 26, at 9.30 am. TASEK CEMENT Berhad:
      290 words
    • 146 14 THE AUTHORITIES take a serious view of stockbrokers who allow clients to sell only and not to buy, according to KLSE chairman Abdul Razak Sheikh Mahmood said. This was because such action would disturb the free forces of the stock market, he added.
      146 words
    • 263 14 A HIGH-TECHNOLOGY tax planning network, covering virtually every country in the world, was launched in Singapore yesterday by leading accountants and tax advisers Touche Ross International. World Tax Planner, a computerised network designed to save international investors' time and money in planning overseas investment,
      263 words
    • 338 14 INVESTORS' jitters and indecision caused share prices to finish on a mixed note yesterday on the Kuala Lumpur Stock Exchange. Most speculative issues were lower on profit-taking but a handful managed to buck the trend and finished with gains. The trading pace was
      338 words
    • 3804 14 a ID and otter 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. MDUSTRIAIS Acmo (I 70S) A Choc (3 028 3
      3,804 words
    • 206 14 MALAYAN UNITED Industries Bhd has obtained a High Court order restraining Koperasi Buruh Bersatu Bhd (also known or to be known as Koperasi Bersatu Tenaga Malaysia Bhd) from using the words "Malayan United" (in Chinese or any other language) in its name until the
      206 words
    • 105 14 HONGKONG Wednesday 1496 5 Hang Seng Index Week ago 1483 4 Thursday 1624 79 NEW YORK Wednesday 1618.37 Week ago 1587.99 Dow Jones TOKYO Wednesday *1368 50 Tuesday 1350.81 Tokyo Nikkei Week ago 1325 49 Thursday *****.14 Wednesday ***** 56 Standard Poors Week ago *****.20 Wednesday 187.98 Tuesday
      105 words
    • 281 14 Managers' prices MARA-Bumi| putr B for Oct 18 First B'putro 5 12 5 17 Singapore Unit Trust Second B'putro Third B'putro 4 73 3 82 4 78 3 87 The Commerce 1 76 The Sovings Fund 1 29 S'pore Prog Fund 0 75 S'pore Sec Fund 1 09
      281 words
    • 353 15 TOSHBAR CORPORATION Bhd has acquired a dormant company to pave the way for the setting up of its property arm following the purchase of a four-storey flatted factory in Petaling Jaya. The company paid M 51,700 to the shareholders of Sea
      353 words
    • 222 15 IMA TEX BHD (formerly known as India-Malaysia Textiles Bhd) has advised its shareholders to surrender their share certificates for cancellation or registration by Monday, Nov 4. In an announcement yesterday, the company said this was necessary to achieve the targeted date for the listing and
      222 words
    • 685 15  -  By AMY CHEOK A NUMBER OF COMPANIES, a couple of them Singapore-listed, are casting an acquisitive eye over troubled Active Building Civil Construction, one of Singapore's largest construction companies. Until Wednesday, it had been thought that only UIC was giving Active a look
      685 words
    • 762 15 LAST FULL YEAR Company Period Dote Year Net EPS Gross Net onnounced ending (cents) div profit lost year ($•000) Pahang Inv Ftnol Jan 31 Dec 84 9.352L Minebea Interim Jul II Sep 85 12 5 190 3.070(d) Mulpha Intl Interim Aug 24 Dec 85 30 738L S J
      762 words
    • 283 15 TIMES ARE HARD: dormant companies are being voluntarily wound up to save costs. At least one listed company has found it worthwhile to wind up three subsidiaries which have ceased trading for some time. They are Boustead Balmoral Properties Pte Ltd, Boustead Industries Pte
      283 words
    • 194 15 MWE HOLDINGS Bhd, listed solely on the KLSE, has proposed to sell 30 per cent each of subsidiaries MWE Weaving Mills Sdn Bhd and MWE Spinning Mills Sdn Bhd for a total of M 53.3 million cash. The names of the
      194 words
    • 946 15 SHARES CLOSED firm yesterday but short-term profit-taking pared the early gains. At 3.opm, the FT 30 Index was up 6.9 points at 1,041.8, after touching a record 1,044.7 earlier, and at 3.30pm, the FTSE 100 Index was 9.6 points higher at 1,335.8. INDUSTRIALS Oct 16 Pence Alfced-Lyons 275
      946 words
    • 552 15 UNITED INDUSTRIAL Corporation announced that the last day for splitting in connection with its rights issue will be Oct 31. The last day for acceptance and payment or renunciation will be Nov 22. The prospectus on the rights issue will be despatched to shareholders on Oct 22. THE
      552 words
  • Page 14 Advertisements
    • 275 14 NOTICES In The Matter of The Companies Act, Cap. 185 And In The Matter of Capt Electronic Private Limited (Members' Voluntary Winding Up) At an Fxtra General Meeting of the members of Capt Electronic Private Limited duly convened and held on the 15th day of October 1985 at 230 Jalan
      275 words
    • 274 14 In The Matter of The Companies Act, Cap. 185 And In The Matter of TA FT (PTE) LTD (Members' Voluntary Winding Up) At an Extra General Meeting of the members of TA FU (PTE) LTD duly convened and held on the 15th day of October 1985 at 230 Jalan Besar
      274 words
    • 242 14 NOTICE OF RESOLUTION KOH TAT BUILDING CONTRACTOR PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of Koh Tat Building Contractor Pte Ltd duly convened and held at 38-B Hongkong Street, Singapore 0105 on the 11th October 1985 the following Special Resolution: "That the Company shall be wound up
      242 words
    • 1 14 NOTICES "<~&{<',$.)|.{?!&=%@,>{&<+}\`+?
      1 words
    • 131 14 THE COMPANIES ACT CAP 185 80l STEAD TINSLEV PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an extraordinary general meeting of the members of the Company duly convened and held on 14 October 1985 the following special resolutions were passed SPECIAL RESOLUTIONS a) That the Company be wound up voluntarily pursuant to
      131 words
    • 135 14 THE COMPANIES ACT CAP 185 BOISTEAD INDUSTRIES PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an extraordinary general meeting of the members of j the Company duly convened and held on 14 October 1985 the following special resolutions were passed:SPECIAL RESOLUTIONS a) That the Company be wound up voluntarily pursuant to Section
      135 words
    • 135 14 THE COMPANIES ACT CAP 185 BOt STEAD BALMORAL PROPERTIES PTE LTD (MEMBERS' VOLUNTARY WINDING-CP) At an extraordinary general meeting of the members of the Company duly convened and held on 14 October 1985 the following special resolutions were passed:SPECIAL RESOLUTIONS a) That the Company be wound up voluntarily pursuant to
      135 words

  • Page 15 Advertisements
    • 131 15 This announcement appears as a matter of record only DAH YUNG INVESTMENT LTD (Incorporated in the Republic of Singapore) Rights Issue of 12,559,200 shares of $1.00 each at par Managed and Underwritten by Hill Samuel Merchant Bank Asia Limited The following participated as sub-underwriters Standard Chartered Merchant Bank Asia Limited
      131 words
    • 162 15 NOTICE OF PREPAYMENT w THE TOKAI BANK, LTD (Incorporated with limited liability in Japan) U.S. $30,000,000 Callable Negotiable Floating Rate Certificates of Deposit No. *****1 *****0 issued on 24 November 1982 Maturity 28 November 1986. Callable on 29 November 1985 Notice is hereby given that in accordance with Clause 3
      162 words

  • 582 16  -  By HOMER CHEN AT LEAST FIVE big banks have filed suits worth about $47.4 million against Mr Francis Siah, the managing director of Lamipak Industries. But the actions against Mr Siah are not affected by the provisional liquidation status now enjoyed by the
    582 words
  • 352 16 IN A SERIES OF VISITS designed to improve his understanding of statutory boards' operations, First Deputy Prime Minister Goh Chok Tong yesterday visited the Housing and Development Board. BT understands that Mr Goh wants to learn more about statutory boards' and government bodies' operations to
    352 words
  • 171 16 DETAILED MEASURES to help people in the low-er-income group buy houses may be announced by the government at Parliament's next sitting on Oct 31. A motion on home ownership is to be raised by Mr Chandra Das, the MP for Chong Boon,
    171 words
  • 355 16 TELECOMS has come up with an extensive plan to improve its service, based on the results of a survey, costing $80,000, of customer needs and wants. The package includes the purchase of more reliable telecommunication instruments and equipment to speed up installation and
    355 words
  • 87 16 Reuter THREE OUT OF every four joggers complain of health problems, according to a survey released in Tokyo yesterday by a group of orthopaedic experts. Hideshige Moriyama, an orthopaedics lecturer at Chiba University, and his fellow researchers reported that 72 per cent of 501 participants in a long-distance
    Reuter  -  87 words
  • 380 16 Bernama MALAYSIAN Prime Minister Dr Mahathir Mohamad gave the Commonwealth a jolt when he spoke his mind on the past and future of the organisation and the problems facing the world at the opening of the Commonwealth Heads of Government Meeting in Nassau,
    Bernama  -  380 words
  • 93 16 Reuter COMEX gold futures yesterday recovered most of Wednesday night's technically-motivated losses in reaction to the dollar's downturn on a disappointing US GNP result. Gold for December delivery rose US$2.2O to $329.00 an ounce. On Wednesday, that key contract fell $2.20 on selling largely influenced by
    Reuter  -  93 words
  • 62 16 Reuter THE US stock market pulled back from record levels in early trading yesterday. The Dow Jones industrial average, which gained 18 points on Wednesday to an all-time high of *****, was off three points to 1365. Advances led declines by a five-four ratio on a turnover
    Reuter  -  62 words
  • LATE FILE
    • 47 16 AP ITALIAN PREMIER Bettino Craxi yesterday expressed bitterness towards the US for its reaction to Italy's release of a Palestine Liberation Organisation official and disclosed that his government had filed a protest for alleged violation of its airspace by US warplanes.
      AP  -  47 words
    • 36 16 AFP THE MALAYSIAN government yesterday obtained an order from the High Court allowing it to serve a writ against former Bumiputra Malaysia Finance chairman Lorrain Esme Osman, whose whereabouts are unknown.
      AFP  -  36 words
    • 34 16 Reuter NINE PEOPLE died yesterday when three gunmen fought their way into a South Lebanon radio station sponsored by US missionaries and blew themselves up, said Lebanese security sources. Reuter
      Reuter  -  34 words
    • 39 16 Reuter THE SINO-BRITISH Land Commission agreed to raise the limit on government land sales in Hongkong by 38 per cent in a 10-month period ending March 31, 1906, the Hongkong government said yesterday. Reuter
      Reuter  -  39 words
    • 35 16 Bernama PRESIDENT Marcos yesterday told visiting American Republican Senator Paul Laxalt that the US can pursue its national interest without having to intervene in the internal affairs of the Philippine government.
      Bernama  -  35 words
    • 29 16 AP THE PHILIPPINE Foreign Ministry is investigating allegations that Japanese authorities tapped the telephones of Filipino diplomats in Tokyo, a ministry spokesman said yesterday.
      AP  -  29 words
  • Page 16 Advertisements
    • 71 16 a> sY^„ T> e^„ o «> a -*A e^Aves <>** evJ e<^ faffi®® 5 .^vne t* tc'V ie A\S -«rv*e.f^ a x.o vrtO 3^ :S^, <*r> ea 31 Vrv^ vw>° e uv* 0.20^ VT^ jo^ tsV 9a ,v«' Rental from 3,600/Sole Leasing Agents Jones Lang Wootton 65Chulia #39 03/08 OCBC
      71 words
    • 165 16 GJE]E] H So nice to wake up to 7A Tempting Taiwanese Porridge and Sumptuous Dishes Plus Many Kinds of Tasty Tim Sum for -•>. Breakfast. You Can Be Sure of Eating to Your > Heart's Content! '> S\ °'>d s a )s 10.3 0. dfTl Ji c: m m m
      165 words
  • Page 16 Miscellaneous
    • 55 16 Outlook for today: Showers over severol areas in the morning and afternoon. Report for 24 hours prior to 7 30pm on Oct 17 ot the airport: Maximum temperature 28.8 Associated humidity 80 Minimum temperature 23.8 Associated humidity 94 Hours of sunshine 0.55 Rainfall in millimetres 10.9 Roinfall this month 86.3
      55 words

  • SHIPPING TIMES
    • 101 17 AFP CHINA'S first cellular container ship arrived in Hongkong yesterday on its maiden voyage to promote cargo services between Hongkong and Tientsin in eastern China. The 6,350 deadweight tonne vessel, owned by Tientsin Marine Shipping Co, is the first cellular container ship to
      AFP  -  101 words
    • 367 17  -  By JUNE LIM AS PART OF a gradual programme to expand its container liner network, the China Ocean Shipping Corporation will begin a new service covering the Far East, Karachi and Middle-East. The 1984-built Gao Cheng will launch the service from Xingang
      367 words
    • 184 17 THE UNITED States Coast Guard is stepping up inspection of freight containers to monitor shippers' compliance with rules on shipping hazardous materials. Random inspections of both 20 and 40 ft containers are already underway at port terminals across the country. The Coast
      184 words
    • 170 17  -  By Kingsley Wood WESTERN Australia is looking for ways to expand its coastal Stateship6 service into international waters. In spite of the early success of ANL's West Australia-New Zealand extension, Transport Minister Mr Julian Grill said Stateships could still go on to that
      170 words
    • PORTSIDES
      • 110 17 Reuter STATE-OWNED China Steel Corp will reduce sharply scrap steel imports from the US and switch to purchases from local shipbreakers, a company official said. He said the imports will be cut by 20 per cent to about 96,000 tonnes a year from 120,000 in the current
        Reuter  -  110 words
      • 73 17 AP AN OIL RIG construction barge capsized in the Gulf of Mexico on Wednesday, killing two crewmen and injuring nine others, US Coast Guard officials said. Divers found two bodies in its water-filled galley and they were being transported to the Coast Guard base in Galveston, said
        AP  -  73 words
      • 65 17 A 70-KM per hour cyclone swept Bangladesh's Chittagong port, disrupting handling of cargo for nearly four hours but causing no other damage, port officials said. Eighteen vessels later resumed discharging bulk oil, cement, salt, food grains, fertiliser and containers. Five ships were loading jute products and general
        65 words
    • 1111 18 FT "I AM FURIOUS said Mr Olof Palme. Swedish Prime Minister, surveying the remaining gantry cranes of what was once the world's second largest shipbuilding port. But Mr Palme could hardly have felt the same rage as a group of over 1.000 shipyard
      FT  -  1,111 words
    • 212 18 Reuter NISSHO IWAI Corp, one of nine Japanese trading houses which have financed construction of about 100 energy-saving bulk carriers for the Sanko Steamship Co Ltd, said it would not extend loans to the shipping firm. Nissho president MaSaru Hayami said that
      Reuter  -  212 words
    • 57 18 A WEST GERMAN ship, the Villed J'Auroro, was sto| the Straits of Hormua believed to be carrying goods which might increase Iraq's war capability. Ville d'Aurore was directed to one of the southern Iranian ports for further investigation. A military source said the ship carried 124
      57 words
    • 862 18 A Top Ent X 3 AB Shpg V 5 Accord Shpg IX 2 Ateo Line VI 3 Aftnity Shpg IX 3 Ahfenkiel Liner X 1 AC Toepter X 5 Alpha trans X 3 APC Line V 4 APL HI 2/3 Antoh Orient X 2 Arrow Lines X
      862 words
    • 1524 18 MODKRATK time chartei business is reported on th<freight market on Wednes «lay but other most other sectors are very quiet and featut eless. shipbi okers said. News )f the blockage in the well and canal in the Great I-tkes had little im mediate effect on the market with
      1,524 words
    • 215 19 Reuter THE DAMAGED Welland canal should reopen before the shipping season's normal end in late December but it is unclear how long a collapsed lock wall that has stranded dozens of ships will take to repair, St Lawrence Seaway president William O'Neil said. O'Neil
      Reuter  -  215 words
    • 422 19 Lloyd's List JAPAN'S Mitsui OSK Lines is setting up two new US subsidiaries to handle railway container movements for the company's intermodal freight service. The two new companies, MOL USA and MOL Intermodal, will be based in New York and Chicago respectively. MOL
      Lloyd's List  -  422 words
    • 359 19 Cargonews Asia SINCE INDONESIA adopted sweeping port and shipping reforms in April, most ports have recorded increased volumes of export goods; but at the same time Indonesian shipping companies are saying that they have never had it so bad. The 58 national carriers claim that
      Cargonews Asia  -  359 words
    • 190 19 Oct 18-28 sth international port equipment and port economy exhibition, Leningrad, USSR. Oct 20-23 Annual conference. Maritime Law Association of Australia and New Zealand, Windsor Hotel, Melbourne, Victoria, Australia. Oct 21-23 Deep Offshore Technology, third international conference and exhibition. Conference Centre, Sorrento, Italy. Oct 22-24 Developments in hull
      190 words
    • 192 19 THE MAJOR shipping consortia operating between the Far East Europe, Far East Persian Gulf, Straits ports/ Australia, Straits Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line.
      192 words
    • 143 19 Reuter NIGERIA HAS freed most of the 51 Greek seamen detained since April on suspicion of trying to smuggle out 900,000 barrels of crude oil, said a Greek embassy official in Lagos. He said the men left Nigeria last Thursday night but their captain, chief engineer
      Reuter  -  143 words
    • 3746 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.
      3,746 words
    • 692 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Anro Asia ***** 18 1085 2200 Monsfield F7 0700-0900/1000-1100 HI 1300-1400 Omex Pioneer 23/587 18 10 85 2359 Borneo F1 0700-0800/1100-1200 B6 1500-1600 Harvester 41S/85
      692 words
    • 396 26 AT CONVENTIONAL WHARVES MARINA WHARVES 18 10/1100 18.10/2000 VmmJ Barth Arrival Departure Maiu Express Sungei Belati MIB M2A alongside 18 10/0900 KEPPEL WHARVES Ever Study Hong Soon Kalimantan 1 M3A M4B 18.10/0845 18 10/0500 18.10/2359 18.10/1800 B Perseus K9 alongside 18.10/0700 M2B 18 10/0645 18.10/2300 G Selaton-6
      396 words
  • Page 17 Advertisements
    • 846 17 Monthly from Pitman Available at all good bookshops and newsagents llfiTimes 111 IU Distributors w Oiqint Overseas CtmtaUu* Line Agents: .•Hi. INSMC SHPPMG MEMOES (Rtf. Hi 242M4/00K) .rrm. 70 Skcnlofl Way *04 03 Marina Home Sapport 0207 ??IMII THn NO RS ***** mmmji CFS OFFICE IPC #***** Id *****31 2220f3}
      846 words
    • 66 17 mm "I AM FURIOUS soid Mr Olof Palme, Swedish Prime Minister, surveying the remaining gantry cranes of what was once the world's second largest shipbuilding port. Page II JAPAN'S Mitsui OSK Lines is setting up two new US subsidiaries. Page 111 Index to advertisers II Weather Map VIII London freight
      66 words
    • 1218 17 ,"/[?>(@$,^)++~"}<@]_[:_^]@;:]? MAERSK LINE FASTEST TO MIDDLE EAST simipmi/Dusii t ms F d,r Kela'ng P nan 9 V S" por« EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASIA Singapore Clown Tmes CY 21/10 1400 MB as 20/10 7300 MS Wore Clown Tae 21/10 1900 HRS 20/10 ?306 HRS CT 23/10
      1,218 words

  • Page 18 Advertisements
    • 309 18 m Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Feeder Vsl GLORY ACE MARIA IRIS ACt FAMILY ACE Pacific South West Feeder at Tokyo Mother VSI IA IB OAK I APOILO 16 11 19/1 YAMASHIN M 73/11 26/1 7ULANDIA 30/11 5/1 A VESSEL 7/12 10/1 Pacific North Weet Feeder at Kobe
      309 words
    • 281 18 635 Bart>er Blue Sea Ml" W"* TTW TIT The supersystem Supercarrier Service N MMIH I B'fbtf lAW A N ROUtfl BAWfi* lUAS >« fcl.N/Wl' V«l SHt r« >!I WWW# HjfiA 77. I! TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA IuUfrtOINL 0%RBIf» HI v T Oft R(HM,AWI i hj*Gt*
      281 words

  • Page 19 Advertisements
    • 1205 19 occ Overseas Containers Limited I CONTAINERSHIP SERVICE TO UK CONTINENT TOKYO BAT 19/11 21/10 07/11 <»/ KNAIKR 27/11 21/10 17/11 19/ an or Edinburgh 4/11 s/u 22/11 24/ FRMKFWT EIPtESS 11/11 13/11 30/11 02/ MAASURC EXPRESS 19/11 21/11 10/12 12/ OSAKA BAY 26/11 20/11 17/12 19/ BUSH EXPRESS 04/12 05/12
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    • 742 19 Franco Belgian Services [F+r Lai; P* w %tk Bt yw« Far £,\iirm L«n*i) (MEMBER OF ACE CONSORTIUM! FULL CONTAINER SERVICE TO EUROPE FULL COWMOSHT SERVICE FROM EUROPE STOW PKELANGLe Hjrteßdam F Slow Ham BHaten Ant Rtan Kb»| BHater TRANS NORIO BROGE 23 Oct (21 Oct) 11 Not 12 Not 14
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  • Page 20 Advertisements
    • 529 20 w Hapag-Lloyd 1 10 CONTINENT/UK EXPORTS On carriage to Scandinavia, Med, Carribean &S. America Inland haulage to inland destinations in Europe S pore PKelangPenang leiioesßdbao Genoa Hburg Rdam Bharen Awerp Renee Rickroers 31/10 3/11 5/11 25/11 2/12 5/12- Ma Rickmers 0/11 10/11 12/11 5/12- 17/12 17/12- 11/12 Bertram Rickmers 14/11
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    • 414 20 K.&.line M 0»( FULLY CONTAINERISED SERVICE I'dim Fstoae H'burf Antwerp 1? 11 14 11 16 11 19 U 19 II 21 11 23 11 26 If 76 11 28 11 30 11 3 I? 3I? SI? 71? 10 1? r FROM EUR Off Vl* SUEZ J Memon ot th* Ac<
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    • 370 20 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX R*****1 R*****2 Hm INTERMARITIME LTD K. Krubafcj fefc *****0 Jakarta let; (***** REUNION/SOUTH AFRICA SERVICE DIRECT MONTHLY SAILINGS KK KM Spore Pt Ren Dbn CI PC CT •i. V 66 15/12 17/12 24/12 21/12 12/1 20/1 25/1 27/1 30/1
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    • 761 20 EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) EVER GRTED EVER GLEAMY EAR GRAND EVER GENUS f«R GOLDEN EVfR GCKNC EVER GATHER KM KIG PUS OS* TTO 31/10 2/11 5/11 7/11 1/11 01/U 10/11 13/11 15/11 U/U It 11 11/11 21/11 23/11 24/11 24/11 21/11 21/11 1/12 2/12 30/11
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    • 326 20 as I NOSE v ls MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Smfjpore Loadng far KM) GHEYAMAT 26/10 B. Abbas B. A VESSEL 15/11 B Abbas. B. r»d KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC PKelanf Loa<k>t tar: OCEANIA COURIER 3/11 KYOWA BREEZE 14/11 P.
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  • Page 21 Advertisements
    • 933 21 \o PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 VESSEL VOYAGE HONGKONG SINGAPORE LOADING FOR: KOTA MAJU W-444 23-26/10 MUKALLA. ADEN. MOGADISCIO, KOTA SEJATI E-591 1-2/11 6-11/11 MUKALLA, ADEN. MODE ID AH, JEDOAH. PT SUDAN. AOABA KOTA AGUNG E-593 12-13/11 17-21/11 HODEIOAH. JEDDAH. PT SUDAN.
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    • 826 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK /CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT Kasu(a Mjru City of (MM(h Fnnkturt Eipress H«ntW| Eipress Osika Bit Biemen Eipress Kutjnu Miru Bfniion Honfkonj Eipress B HAVEN R DAM Sited Sited Sited Sited Sited Sited Sited Sited 20/10 21/10 21 10 29/10 20/10
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    • 669 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF FAR EAST TO/FROM S'PORE CONTAINER SERVICE MAIAPAHT *2V« GONt ¥25 W BUS Ml TOKONAAAA KOK 11/10 14/10 lt/10 23/10 X/ 10 24/10 MOHSUNG m STOK 20/10 22/10 27/10 1/11 I/U 1/11 S PORE TO JAKARTA/SURABAYA CONTAINER SERVICE MAiAMMT 25 HB GOWt «?VM WEST BOUNO STOK
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    • 618 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STMt (Burmese National Line) Loadmg for Ranfoon Spore PJetang P« Pa-an In Part/It Oct (Malacca) Phashwefyawywa V259W 22/24 Oct Ava V76W to Port/25 Od Pat an V9IN 29/31 Oct Loftaw Vlo4* 2/3 Nov 30 Oct/1 Nov BANK LINE wkiiwyx. BKUF, TO UK/COHT TAUSALA SAMOA FORTHBANK
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  • Page 22 Advertisements
    • 1354 22 K USA CANADA ATLANTIC COAST (Round The World Sorvice) KAWASAKI KISEN KAISHA. LTD. NEPTUNE PEARL V 52 ORIENTAL MINISTER V 22 ORIENTAL EXPLORER VIS ORIENTAL KNIGHT V 24 SPORE 9 Nov 15 Nov 22 Nov 30 Nov LB 2 Dec 9 Dec 16 Dec 26 Dec CHLS 14 Dec 21
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    • 456 22 '//f CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONT AINER/REEFER/BULK SERVICE Uid.nj tor lOS MM US SAN IRANCISCO SFATJIf lACOMA VAICOtMR BC Accepting fCI FCI Containers BHAVAfIHUTI BHARATFNDU AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCI FCI Containers Austin; contjmers <*? Coflt*ne« Ttfmmjl JAPAN SERVICE ludng lot *ot" Takotuau Ha ton Osaka. Mo* Aho
      456 words
    • 518 22 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD Kajnf tint Prowncial Bin* BuMm| SO Coci Sbeet SMGAPOftE 0104 TEI *****90 (10 IMS) let Kuala Lumpur ***** P KHin t *****1 Penanf *****1 Paw Godint Ajent OMNT LLOYD (M) SON BHD TEL (4370 STRAITS/PERSIAN GULF SERVICE: GOLDEN WOOER Colombo Karachi Doha Batwa«.Ku«art
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    • 388 22 INTRASEA (PTE) LTD 10 Anson Road *27-16. Intefnationct Plaza Singapore 0207 Tel *****1 1 HO Lines) o BREAKBULK SERVICE TO EUROPE/UK S pore P. KdanfLoa6nf »orANANGEL LBERTY *****15 Sated Sated ROT MIT/UJt (AVON) VAN CONQUEROR *****16 9/11 12/11 ROT/ANT/Ul (AVON) Afanh S«( apart MTRASEA (PTE) LTD BOOK ME 224*511 k
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  • Page 23 Advertisements
    • 670 23 NOL NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A member of the ACE Consor hum I STRAITS/AUSTRALIA RO-RO CONTAINER SERVICE A member of the Anro Consortium Alio accfptmj cargo to from Bangkok and E Malaysia A Asia Spore Closing Times FCL Cargo 1300 18/10 ICI Cargo 2100 17/10
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    • 640 23 Inui No 7 No No I No i No 7 No No I No t spoif I ft kW I 19/10 2S/10 10/11 /507* ?6 10 I 30/11 31/10 I 3/11 14/11 17/11 7/11 114/11 11/11 24/11 7/11 114/11 11/11 SO* I 14/11 120/11 1/17 11/12 20/12 24/12 21/11 2/12
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    • 669 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SMSOV BUN.DMG 55. Market Street Sinfapore 0104 Telephone Number? *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANG PENANG M/S SHMKAT MAN SOON SON. MB. IST AND 2ND FLOOR. MESSRS Ml THONG SHPPMG 127 Penant
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  • Page 24 Advertisements
    • 659 24 w ItejiiiHial Container Uiics 4 Sailings weekly [TO Fast Reliable Regular HiiitiiAjJP/ Punctual Berthing P S.A. Mon, Tue, Thur. Sat HINODE KISEN CO. LTD MIDDLE LAST REGULAR LINER '.PtOAUSID HFA'JY lIHFRS AVAIIABIF KASHI MARU KASUGA MARU S'pore 18/21 Oct 10/12 Nov Loadng for: Bahrain Dubai, Damman, Kuwait INI VEB DEUTFRACHT/SEEREEDEREI
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  • Page 24 Miscellaneous
    • 179 24 Regional Weather 0 *1 i f A S\ «.v r. (k m S'l M sN K *s» 55 V i M 3 £vTY< •LiK SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND PT. Temperature r IV thunderstorm Weather Wind d.rection with speed m knots Shower Roin Wave
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  • Page 25 Advertisements
    • 155 25 Hi m EAST ASIA LINE —I (Makiysian Flag) Ingulf Liwr Ofrtc«« Brtwwn ITSIA/S'POflE/»IDIA P. Kelang Penong S'pofe Utg tor IMAH 15 Oct 22 Oct IS Oct CWtafonf NOA PERTAMA 20 Oct 23 Oct Bcmbay KGU.M MPAN/STIAITS/lAPAN SERVICES LAMBOft 25 Oct IN/ltafct/ TMm EOT km St»P«K SON. Hi). Pi. Ti *****2/36
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    • 222 25 BAPID SHIPPING PTE LTD L S'POBE TEL: *****44 TLX: ***** K.L. TEL: *****5 A *****0 Fa LCI LOADMG FOR ETA SM FAR EAST Hkg, China, Bus, Cmb. BKK 31/10 24/10 MAURITUS Port Lotis 31/10 30/11 UK/EUROPE Ldn, Rdam, Awerp. Hbur 29/10 17/10 AUSTRALIA Syd, Mel. Bri, Ad«. Fre 29/10 25/10
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    • 641 25 PNG PACIFIC LINE S'pore P Kelong LOADING FOR TSN 29 Oct 31 Oct Loe, Ktmbe, Kovieng Roboul, Kieta, Pom Also calk direct to Itallo ond other PNG ports subject to inducement Heavy lift vessel available Sub| inducement. For Freight Bookings ANDEKA SHIPPING PTE LTD TEL: *****45, *****50 TELEX: RS *****
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    • 249 25 COLUMBUS LINE S'pae PJUang Penanf Dttcharpnt tar SOC I 22 Oct 24 Oct Jakarta, Wabaya, Samarinda SOtC I 25 Oct 27 Oct 29 Oct CMtt. Cilmii. Bombay Columbus Navigation Pte Ltd 50 Raffles Ptacc #12-05 She! Timer let: *****00 Tta: RS 25(85 LPS Contact Herry/Mn ATLAS LINES RC6ULM fBEFOOEHT SETfICf
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    • 169 25 NOTICE OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, ABC M&rlneland Services Pte Ltd of 19, Delta Road, Singapore 0316 hereby give notice that In consequence of our client's Intended proposal to change of ship's name of m». "NORDSTAR" We have applied to the Registrar of Singapore Ships, under
      169 words

  • Page 26 Advertisements
    • 258 26 F-L FINE-LINER SHIPPING PTE LTD Henderson Road, Blk 2038 01-06 Henderson Industrial Park. S pore 0315 TEL *****82/*****62/*****52 P7 *)]'a PERSIAN SUF PORTS 11,* 1 ■.H'TI rrr. 23/10. 3/11. 11/11 IViTi' iB '-H.' iWa V" mi KJILMIA 22/10. 29/10.4/11 I«U MAJOR POUTS H EAST. NEST PORTS 11/11. 19,11 19/10. 23/10.
      258 words
    • 482 26 TO AM) FROM UK/CONTMENT EUROPE IG MAM SPORE PKELANG PENANG FOR SM SU ki Port 19/21 Id I "DON LHARVE RDAM B'MEN HGB ANIRf 25/26 Oct 27/21 Oct 29/3 Ho. ROAM WG BMIN HOT IOM EUROPE: t KELANG STORE ROAM. BMEN HBG anerp AGENTS: LEO SHIPPING PTE. LTD. SINGAPORE *****22
      482 words
    • 603 26 C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) iMNSNOftID BRDGI ?7M CHWM CONIftMR J?* CR PAIttS HONGKONG CONTMMR 47* S'p«rf 23/10 30/10 t/11 13/11 ItHuit Rdjm Fstovrc Mbw| 6<fm Antwerp 11/11 12/11 14/11 11/11 17/11 11/11 11/11 19/11
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    • 817 26 4 COMPAMA PERUANA DE VAPOREES (C.PY) 4 "PTBIIUUM STATE I I ad.n K >01 CUtiO *Uttfjn. Ko jnd ill other Peiuman pofß oith tunshipment at Kobe On CPV lhiou((1 Bills ol lading to tiiwl destination Penanf* t. Kelanf MURRAYEVERETT THOMASEVEHETT HUGHEVERETT Saif apart 21/22 Oct 31st/2n4 Mm 6/7 Nn EVERETT
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    • 316 26 ZIM NON-CONFERENCE MDEPENDENT FULL CONTAMR SERVICE carion to USA East i Nest Cut*. Cirri**mint Cwatfa m SAVANMH m HAf m HNM *****5 1011*5 ***** *****5 112 15 1112.15 ZIM EILAT CONTAINER LME Spwt Uit Tntste Up* tact taa m HLBOUWt 75/10 l/U 11/11 29/11 16/11 23.11 m BLAT 11/11 24/11
      316 words