The Business Times, 17 June 1986

Total Pages: 26
1 26 The Business Times
  • 13 1 BUSINESS TIMES M.C. (P) No. 192/12/85 TUESDAY, JUNE 17, 198 C 75 CENTS
    13 words
  • 351 1 TAXI DRIVERS who bad-mouth government policies would face disciplinary action, says NTUC Comfort. "Comfort (the taxi co-opera-tive) is committed to taking disciplinary action on the minority black sheep who act against the nation's interest," it said in the editorial column of the
    351 words
  • 515 1  -  Just 1.1 pc of money available used to buy trustee stocks By RAMESH CHANDIRAMANI CONTRARY TO what has been widely believed over the past month or so, most Central Provident Fund investors have kept their savings out of the stock market. Statistics
    515 words
  • 372 1 IN A $5 MILLION expansion plan, furniture chain Courts is re-organising its Singapore operations and moving into Malaysia for the first time. It is to open a store in Johore Bahru, a move which is expected to spin off joint ventures between its major
    372 words
  • 251 1 Reuter INDONESIA WILL meet a group of Western donors this week, expecting aid to help lift the country out of its worst economic crisis in 20 years. The World Bank says that Indonesia has been hit by oil prices half what they were a year
    Reuter  -  251 words
  • 63 1 AFP THE US COMPANY Mobil CHI has relinquished two contract concessions off Indonesia and returned them to the state oil company Pertamina. It decided to relinquish the concessions in the Macassar Strait, off Kalimantan, and in the Natuna Island area on the South China Sea
    AFP  -  63 words
  • Article, Illustration
    77 1 SHARE PRICES the Slag* pwe steckmarket cianed higher yesterday, with brekers again claiming, a* they have dace May I, that It was sapperted by •elective baying af traatee stacks by Central Prevtdent Fnnd investors. The BT Campeatte Index raae l.n palate ta SM.IS while the Straits Times ladastrtal
    77 words
  • 349 1 AP US AND TAIWANESE officials yesterday began three days of trade talks in Taipei expected to centre on the proposed US curb on textile imports and freer access in Taiwan for American liquor and cigarettes. Chiang Tseng-Ti, the deputy director general of
    AP  -  349 words
  • 108 1 Bernama ASIA-PACIFIC countries were yesterday told not to fall prey to the recession mentality. Opening a meeting of trade ministers in Bangkok organised by the Economic A Social Commission for Asia the Pacific, Thai Prime Minister General Prem Tinsulanonda said that many developing countries in
    Bernama  -  108 words
  • 419 1 BY TAKING a flexible approach to companies in financial difficulties, the Central Provident Fund recovered around $83 million for its members in 1964 and 1965. Although the companies were in arrears with their payments, they were given time to pay up, according to
    419 words
  • 76 1 Bernama SENIOR trade and investment officers of Asean and Australia yesterday began a five-day trade dialogue in Manila to discuss regional and bilateral economic cooperation projects. The meeting is being held under the Asean-Australian Economic Cooperation Programme. The Australian Trade and Investment Programme seeks to assist Asean
    Bernama  -  76 words
  • Page 1 Advertisements
    • 93 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM PILOT Hi-Tecpniiiff Vs NEW Liquid System Transparent window lets you see how much ink you've used up. The jumbo ink tank-holds ink to write for more than 2 kilometres, twice the mileage of ordinary pens. There is no drying up, even if the HiTecpoint
      93 words
    • 252 1 Taiwanese government •ays 'no' to new political parties, Back Page wm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS LETTERS CROSSWORDS TV A RADIO OUR VIEW IT APPEARS THAT SINGAPORE is being bullied by the United States into introducing new checks on the export of militarily sensitive goods. But Singapore never
      252 words
    • 120 1 Furniture retailor k**p« up with th« consumer, Pag* 2 );)@]\>)[@$_&|(,?>?<,@.~~<:\:|. Hongkongßank opens the door to business opportunities in China. Make inroads into China with the help of Hongkongßank's "China Desk". Our ties with China are more than a century old. In recent times, we've assisted in the development of over
      120 words
    • 6 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM
      6 words

  • HOME NEWS
    • 348 2  -  Fresh approach to sell Singapore as a business centre By CHUANG PECK MING SINGAPORE is taking another look at its marketing strategies and market positions, and this move was described yesterday as timely by the Minister of State (Trade and Industry), Dr Lee Boon Yang.
      348 words
    • 589 2  -  SINGAPORE FESTIVAL OFARTS w By JAIME LYE KUANG HO, go home. Go back to your watery grave, and take Dragon's Teeth Gate with you. Dead over 500 years now, and still as thick-skinned as ever. Power and glory eluded you then, it eludes
      589 words
    • 394 2  -  By JEFFREY TSANG Singapore Symphonic Suite for Large Orchestra traces the five periods of this island's history the preRaffles days of Temasek, colonialism, war, the aftermath and modern Singapore. That is a lot of history to pack into a 40-minute piece of work and
      394 words
    • 573 2 A NEED to weed out less profitable operations and cater for a wider range of consumer needs is behind the rationalisation of stores by the Courts Singapore furniture group. Its first store here opened in 1974, and the chain is now reckoned to
      573 words
    • 408 2 TWO LEADING HOTELS here, the Mandarin Singapore and Marco Polo, have introduced another round of price reductions in room rates through packages during the off-peak season. Mandarin Singapore, the largest hotel now with 1,200 rooms, has introduced for the first time a package for
      408 words
    • 243 2 SHERATON TOWERS, now in its sixth month of operation with an average occupancy of 30 per cent, is optimistic that things will improve in three years' time. "In three years' time, we expect an annual average of between 75 per cent and 80 per cent," said general
      243 words
    • 484 2  -  By MARTIN SOONG COOL JAZZ was a hot commodity on Sunday night when Ellis Marsalis and his quartet captured the audience at the Singapore Conference Hall with their special, acoustic brand of lyrical improvisation. Marsalis and his quartet zipped through a dozen tunes in two well-balanced
      484 words
    • 447 3  -  By ANNA TEO THE RISING YEN has prompted a local manufacturer of carburettors to go into making component parts. Walbro Singapore, a subsidiary of American industrial group Walbro Corporation, is seeking more room to go into component manufacture. The company, wholly-owned by Walbro
      447 words
    • 137 3 THE Singapore International Dental Exhibition Conference, Sidec '86, will be held at the Hyatt Hotel from Thursday until June 22. The trade exhibition, with 50 exhibitors from 10 countries, will feature advances made in equipment, supplies and services. There will also be demonstrations on the latest
      137 words
    • 362 3 THE GENERAL MANAGER of the Royal Holiday Inn waited patiently outside the nearby Standard Chartered Bank yesterday for a bank customer to hold the door for another as he or she left the building. It was a full hour and 15 minutes
      362 words
    • 449 3  -  By ELAINE KOH INSURANCE PREMIUMS for jewellery and goldsmith shops, which have remained stable for the last decade, have shot up 200 per cent since the beginning of this year with the increase in burglaries and smash-and-grab robberies. If the trend continues,
      449 words
    • 296 3 ABOUT 5,000 COPIES of an updated version of Singapore Exporters, a trade directory of exporters, have been distributed to overseas markets to help sell local products and services. The directory, which was first published by the Trade Development Board in 1984, is part of an overall
      296 words
    • 93 3 A PRE-MEMBERSHIP seminar to provide an insight into the activities of the Singapore Jaycees will be held on June 24. The seminar, organised by the Merlion Chapter, will be held at the Hilton Hotel at 7pm. The Singapore Jaycees is a leadership development
      93 words
    • 56 3 THE ULU PANDAN refuse incineration plant at Toh Tuck Road will be closed for three weeks, from June 30 to July 20, for maintenance. The public is requested not to send refuse to the plant during this period. Refuse should be disposed of at the Lim
      56 words
    • 139 3 DELEGATES OF AN Australian trade mission arriving in Singapore today aim to make the city a fashion test market and stepping stone to other Asean countries. The delegation from Victoria, which includes eight top Australian designers, will stage a fourday trade display at the Australian High
      139 words
    • 161 3 THE BRITISH Hardware and Housewares Manufacturers Association, which has organised three successful trade missions to South-east Asia, is in Singapore for its fourth. The eight companies in the team are keen to meet potential customers. Aiming to increase their exports to South-east Asia, the
      161 words
  • Page 2 Advertisements
    • 160 2 An Image You Can Bank On. New, prestigious building in the heart of the banking financial district Highly visible corner ground floor banking hall with vault High pedestrian traffic from 9 5 pm Elegant internal spiral staircase link to banking offices Approx. ***** sq ft Problem-free parking Ready for immediate
      160 words
    • 26 2 >F«H U I C\/CI o Csscr\n<\J OacNAics allerGuard FAMILY HEALTH FOODS PTE LTD 6 Scotts Road #03-10 Scotts Shopping Centre, Singapore 0922. Tel *****37 MHP *****6
      26 words

  • Page 3 Advertisements
    • 290 3 Canon These days a businessman deserves all the breaks he can get. That's why we created our Canon 3000 Generation Copiers. Only Canon now offers you so many copying advantages for so little. Canon thinks times are tough enough for businessmen, so we've created two new copiers to reshape your
      290 words

  • ASIA-PACIFIC
    • 140 4 AP JAPAN and the US have discussed Joint development of a telephone system that will automatically translate phone calls in Japanese and English. Japanese newspaper Nihon Keizai said yesterday the two countries were expected to discuss the project, which would involve industry and government researchers,
      AP  -  140 words
    • 461 4 Assistance for smaller companies and new start-ups AFP CHINA HAS CREATED a venture capital corporation to fund technological development in the hope of injecting a new entrepreneurial spirit in its industries. The China Daily newspaper said yesterday that the company, China Venturetech Investment Corp, aims
      AFP  -  461 words
    • 387 4 Reuter AUSTRALIA'S inflation rate could (all to under 6.0 per cent in 1967 from 9.2 per cent in the first quarter of 1906 if the government can deliver the degree of wage restraint indicated in Prime Minister Bob Hawke's address to the nation last
      Reuter  -  387 words
    • 75 4 Reuter THE LEADER of Thailand's main opposition party, Pramarn Adireksan, resigned yesterday, paving the way for his deputy Chatichai Choonhavn to take over. Members said Pramarn, 73, leader of the Chart Thai Party for 11 years, was not under pressure to resign as there were no
      Reuter  -  75 words
    • 447 4 UPI AFGHANISTAN has admitted its civil war was worsening and expanding and announced a drive to build its army through the elimination of draft exemptions for college students, government workers and high school graduates. New draft regulations, which also include a provision apparently
      UPI  -  447 words
    • 251 4 Reuter INDONESIA expects to see an increase in new foreign investment outside the oil and gas sectors this year, with larger opportunities and new incentives, the chairman of the Investment Coordinating Board has said. Ginanjar Kartasasmita told businessmen that many foreign companies had already expressed interest
      Reuter  -  251 words
    • 136 4 AFP QATAR and Bahrain have pulled their armed forces out of two disputed islands, defusing weeks of coastal tension between the two Gulf Emirates. The withdrawals, conducted on Saturday, were supervised by a commission from the Gulf Co-oper-ation Council, officials from Saudi Arabia and military
      AFP  -  136 words
    • 843 4 ARRIVALS Operator Sorvico number Local time From SIA UA CAL FT sv MAS MAS MAS MAS SIA AC CPA RBA SV GIA SIA SWR SQ117 UA805 C134I FT75 SV398 MH601 MH68I MH811 MH671 SQI03 AC858 CX710 BM21 SV399 GA960 SQ105 SR162 0005 0010 0155 0314 0440 0720
      843 words
  • Page 4 Advertisements
    • 224 4 HEALTH SUPPLEMENT BY NATURETIME MBlackmores, Australia's leading health care company, firmly believe that a positive attitude is the first ingredient of good health. To be followed by proper diet, regular sleep and exercise. Executive Formula B Blackmores understand the busy schedule of executives. So they specially developed Naturetime* Executive Formula
      224 words
    • 49 4 I l| \I I If 11 I Every Tuesday, Thursday, Saturday and 111 \l I II I \l Sunday. Leaving Changi Airport at I Vyi. 1 22:05 hours and arriving at Heathrow at 07:05 hours the following morning. Call Air Canada at *****55 or your Travel Agent. AIR CANADA
      49 words
  • Page 4 Miscellaneous
    • 36 4 Doonesbury p m rr Ifi m a K k BUTAR&TOCRAIS ARS PIFFGR&fT FROMVOUANPHE, Z.THEfRS STUFF/, SBf-S/mSF&.PFZ 01! S? > BY GARRY TRUDEAU fm TmPHONtrA- AU IHON REALM ni ~i COMM mn&iou, um mykar Diwrrr* chap.' m l!
      36 words

  • REST OF HTE WORLD
    • 440 5 Reuter AN AUSTERITY PLAN introduced a year ago has successfully curbed chronic inflation in Argentina but has yet to restore confidence in the country's battered economy, say banking sources in Buenos Aires. A 24-hour general strike against the plan called the Austral
      Reuter  -  440 words
    • 138 5 UPI IN NEW YORK city, where space is at a premium, a real estate agent has begun selling parking spaces for cars at U5529,000 a spot plus U*****.66 monthly maintenance fee. The New York Daily News reported that 841 Garage Associates has sold
      UPI  -  138 words
    • 250 5 AP THE CHERNOBYL nuclear power plant disaster in the Soviet Union has created "a new generation of the living dead," a cardiologist who examined some of the victims in a Moscow hospital has told a newspaper. Dr Sidney Alexander,
      AP  -  250 words
    • 168 5 Reuter THE 1,000 largest US manufacturing companies have cut back the planned increase in their 1966 capital spending to only one per cent, instead of the eight per cent rise planned earlier this year, according to a recent survey. The survey, conducted
      Reuter  -  168 words
    • 74 5 AFP CUBAN PRESIDENT Fidel Castro has escalated his crusade against "neo-capitalists" by suspending citizens' right to sell their houses themselves or through private middlemen. Anybody wishing to sell his dwelling will have to do it through the National Housing Institute, the communist party newspaper Granma said
      AFP  -  74 words
    • 537 5 OAU urged to topple Pretoria government Agencies ZIMBABWEAN Prime Minister Robert Mugabe has called for the establishment of an African defence force to topple South Africa's government. Mr Mugabe told 40,000 chanting supporters in Harare on Sunday that the Organisation of African Unity (OAU)
      Agencies  -  537 words
  • Page 5 Advertisements
    • 110 5 Gone today. Let's assume, for a moment, that you have an American Express Card. If that Card is lost, stolen, or vanishes in a puff of green smoke, we'll get you another one within twenty'four hours, (or the next business day). Free. No other credit or charge card can give
      110 words

  • RAW MATERIALS
    • 348 6 FT RIO TINTO-ZINC, a natural resources group, has issued a legal challenge to the London Metal Exchange's decision to impose a fixed price settlement in the tin crisis. Two RTZ subsidiaries have issued a £16 million breach of contract writ against two
      FT  -  348 words
    • 195 6 AFP PRODUCER STOCKS of refined zinc fell in April to their lowest level since March 1984, as consumption continued to rise and mining declined, the latest figures from the International Lead Zinc Study Group (ILZSG) revealed last Friday. Refined zinc metal stocks dropped
      AFP  -  195 words
    • 548 6 COFFEE Robusta futures maintained most of their midmorning losses at yesterday's midday recess when net declines ran from £47 a tonne in July to £30 in forward deliveries. The early slide at one stage caused losses of more than £50, reflecting lessening fears of volcanic eruptions in Colombia
      548 words
    • 90 6 THE Kub Lumpur Tin Market price closed unchanged from last Friday's M 114.29 per kg yesterday on scattered Japanese and Malaysian baying. Dealers said trading was qnlet In spite sI the Increased tnrasver sf 113 tonnes compared with IS tonnes last Friday, mainly dne to accnmnlatlen over the
      90 words
    • 200 6 THE MALAYSIAN crude palm oil market closed slightly lower on reserve of buyers yesterday, in line with weaker Chicago soyoil futures last Friday. Dealers said trading was very quiet throughout the day as the still unclear results of India's weekly vegetable oils tender last week kept operators on
      200 words
    • 288 6 SINGAPORE The market closed very quiet yesterday with July One RSS buyers quoted at 168.25 cents a kg, unchanged from last Friday. After opening around previous levels, prices remained little changed throughout the day with operators largely sidelined because of lack of interest and fresh offtake. MALAYSIA The market
      288 words
    • 155 6 Chinese Produce Rob asta 20/25% FOB NSW Nutmeg 480 00 Exchange Sellers' noon closing prices on 1355 00 June 16 (S*/100 kg). 110 FOB NSW BWP FOB NSW 1256 00 Coconut oil 48 00 61 00 Gambier Bulk FOB Old drum FOB FOB NSW 330 00 New drum
      155 words
    • 66 6 Bangkok Broken Rice 118 115 (US$/ton«« FO«) A-l Super A-l Special White Rice C-l Special unq 100% 1st class 245 C-1 Od unq 100% 2nd class 220 Loonzoin Rice 100% 3rd class 215 100% 1st grade unq 5% 10% 205 200 100% 2nd grade 215 100% 3rd grode unq
      66 words
    • 291 6 RAS prices in S cents/kg, FOB in I >ales NOON CLOSE Buyers Selltri Buyers SeMers Int 1 RSS Prompt ***** I70.00N 169 25 170.25N Int 1 RSS July 86 168 25 168 75 168 25 ***** Int 1 RSS Aug 86 169 00 169 50 169 00
      291 words
    • 101 6 (cents/kg, I-ton pollets) JULY 86 AUGUST 86 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 159 00 161 .OON 159 50 161 50N SSR 50 156 00 158 OON 156 50 158 50N MRELB Buyers Sellers Buyers Sullen SMR CV ***** 220
      101 words
  • Page 6 Advertisements
    • 491 6 ♦An Asian Bankers Association Seminar DEVELOPMENTS IN LENDING PRACTICES OF FINANCIAL INSTITUTIONS IN ASIA The Asian Bankers Association has selected Singapore as the venue of the first seminar to be organised under its Professional Development Programme. The theme of the seminar is: Developments in Lending Practices of Financial Institutions in
      491 words

  • WORLD BACKGROUND
    • 586 7 NYT THOUGH IT IS concerned with neither military nor intelligence matters, the International Monetary Fund is one of the most secretive organisations in Washington. Even the spokesmen wear veils of anonymity when discussing the agency's work: lending money to needy countries.
      NYT  -  586 words
    • 650 7 American real estate market fuelled by Latin American funds NYT CAPITAL FLIGHT, the outflow of assets from countries in trouble, used to be talked about by only a few economists and bankers. Recently, however, it has become a major issue in international economic discussions, spilling
      NYT  -  650 words
    • 696 7 AP TAIWAN is one of Asia's economic wonders, but it's heavy reliance on exports has resulted in growing trade surpluses which are proving to be an embarrassment with its trading partners. Once primarily an exporter of agricultural products, Taiwan today ships electronic equipment,
      AP  -  696 words
    • 553 7 AP SOUTH AFRICA, facing violence, political uncertainty and a flagging economy, is beginning to suffer from a brain drain as white professionals emigrate. "I suppose if you're right-wing and believe you're fighting for some kind of cause, it must be easier," said paediatrician Denise
      AP  -  553 words
  • Page 7 Advertisements
    • 208 7 Rabobank now in Singapore, Hong Kong and Jakarta. Xo serve further growth in trade between Asia and major countries in Europe and North America, Rabobank Nederland announces the simultaneous opening of three offices in Asia, a branch office in Singapore and representative offices in Hong Kong and Jakarta. Through these
      208 words
    • 129 7 MONT BLANC v.\ X-' 2 MONTBLANC THE ART OF WRITING „MEISTERSTUCK" the pride of the MONTBLANC Collection is probably the most famous writing instrument of our times. Representing the best in design, it combines technical excellence and perfect styling from the piston-filling system to the 14-carat gold nib and the
      129 words

  • FEATURES
    • 490 8 PRESSURE BY THE United States was clearly the reason why Singapore introduced new rules for the export of so-called militarily sensitive products. Just as the US had previously stated its displeasure over rampant copyright piracy, it had blacklisted Singapore for not having adequate measures to
      490 words
    • 1167 8  -  Asahi, one of Japan's oldest glass bulb plants, last year decided to expand its operations in Singapore. This calls for a fresh capital injection of almost $180 million and the construction of a new plant near the present factory in Jurong. LOH HUI YIN
      1,167 words
    • 239 8  -  Letters to the Editor David M Smith Director, CMMrvattvei Abread Dept Ceaservattve Central Office Dear Sir, May I, through the good offices of the columns of BT, inform British Citizens of a recent change to UK law which will permit many of them
      239 words
    • 85 8  -  Catherine Tay Swee Klan Dear Sir, I am sad to read in the par pers that CPF savings can be used to buy approved shares and stocks. Why not for education? Education is one's investment for the future. Education increases skill and productivity. Could
      85 words
  • Page 8 Advertisements
    • 202 8 Air freight is faster JB Our coverage is MM 1I better £+1 In BT every Friday. M m HEIGHT The new closeness in 1 -2-3 dimensions. By Braun. The new Braun system 1 -2-3 now makes shaving even more comfortable, faster, smoother, closer It is just perfect the way the
      202 words
  • Page 8 Miscellaneous
    • 698 8 ftankDiciseiS sTimßsoN —I'U see VOO IN HRUP PiN WOOR UiHFVT 'S THPvT? "Yoofce in RecjefTioi4 P HOLD ON I LL ccrne. doom iGi-rTPvLOPvV I'UU 3e u>ep\i?iNo PVN RNkie LENGTH £p*CCOON COFVT.PI STRPvui v4«r CRYPTIC PUZZLE ACROSS 3 Piece of land used by contractors (5) 8 Buzz off by air? (3,
      698 words

  • SPORTS
    • 354 9  -  By WALTON MORAIS A FOREIGN sports promoter says that the lack of international facilities, the lack of television coverage, and government and other levies are factors which stand in the way of Singapore becoming a centre for major international sports
      354 words
    • 622 9 A WEEK after he "totally blew" a tournament on the last day, Ray Floyd shot a steady 66 in the final round of the 86th United States Open golf championship on Sunday to become its oldest champion. "We took a
      622 words
    • 529 9 AP INSPIRED BELGIUM scored two goals in extra time to oust the Soviet Union 4-3 yesterday and Mexico triggered national rejoicing by beating Bulgaria 2-0 as both winners became the first qualifiers for the World Cup quarter-finals. In the tournament's biggest upset so far, the unfancied
      AP; Reuter photo  -  529 words
    • 304 9 MEXICO and Belgium each produced memorable moments on the way to the quarter-finals at the expense of Bulgaria and the Soviet Union respectively yesterday. Manuel Negrete scored a glorious goal in Mexico's predictable 2-0 win and the Belgians caught the world by surprise with an unexpected and inspiring
      304 words
    • 507 9 Reuter A SIX-WEFK plan to learn movement on a tennis court has transformed American Tim Mayotte from a semi-successful grass court player into a primary Wimbledon contender. The tall (1.91 m), 25-year-old Mayotte underlined his claim that he is a serious challenger by beating,
      Reuter  -  507 words
    • 331 9 AP BRITON John Morgan, 42 x flowed an 18-year wait for a European circuit golf victoryZon Sunday when he tfee Jersey Open title. He came through a -tense play-off to beat Australian Peter Fowler after they had levelled on 275, 13 under
      AP  -  331 words
  • Page 9 Advertisements
  • Page 9 Miscellaneous
    • 1148 9 TO OB© WM& TUESDAY PREMIERE Advice To The Lovelorn 10.30pm, Channel 5 Cloris Leachman (right) plays Maggie Dale, a newspaper columnist who gives "advice to the lovelorn". This either makes or breaks the one getting the advice. Although her world seems to centre on her work, a proposal from a
      1,148 words
    • 98 9 Play golS the Sevvy way IJ£fO*£ YOU TAKE THE CLUBHEAP AWAY FROM THE BALL IT IS IMPORTANT TO HAVE ONE SMALL MOVEMENT THAT TELLS YOU THAT YOU AXE REAPY TO START. IT COULO BE MOVING THE KNEE, OR MOVING THE HANPS A UTTLE FORWARP... MY OWN PARTICULAR START TO THE
      98 words

  • INTERNATIONAL COMPANY NEWS
    • 556 10 Carmaker accused of sabotaging deal FT ITALIAN STATE holding group IRI yesterday accused Fiat of trying to sabotage any possible deal with Ford over Alfa Romeo, IRl's car subsidiary. Three weeks ago, IRI announced the start of talks with Ford of the US
      FT  -  556 words
    • 152 10 FT LADBROKE GROUP, a hotels, property and betting concern, has had informal discussions with BAT Industries about making a bid for two of the famous Gimbels department stores in New York. BAT announced in January that it was hoping to raise more
      FT  -  152 words
    • 516 10 FT BL's loss-making Leyland Bus subsidiary is to be sold by tender to one of three rival bidders. The three the Laird Group, Aveling Barford and a management buy-out consortium have been told to submit tenders to Hill Samuel, the BL board's
      FT  -  516 words
    • 828 10 NYT PEOPLE pay scant attention these days to the old-fashioned warrant a venturesome vehicle that gives holders the right to buy a stock at a set price within a specified period. In the late *****, conglomerate companies often used warrants to sweeten their acquisition
      NYT  -  828 words
  • Page 10 Advertisements
    • 584 10 m w c Wfoere id wlite, dk« aai eaiataia J". Cf% It could only happen at Hotel Miramar... I I ...The Perfect Place For A $3* Drink During Happy Hours. Yes! It's all happening here. At our Brass Rail Cocktail Lounge. A drink for only $3.00* (except premium brands) served
      584 words
    • 133 10 EL Let VTB Wizard cast a spell Direct from the glamour spo Philippines, they will enchan their wide repertoire of Japai V ©WNCEH9TEL Managed by Princ* Hotels Japan Continuing the Prince Hotels tradition of friendly service 270 Orchard Road, Si np pore 0923 Telex: RS ***** HCROWN Cable CROWNHOTEL Fax
      133 words

  • ASIAN STOCKS
    • 306 11 JUNE 16 NT Kotn 29 20 97 Kuochon Dev 2420 0 4 A* Sincere Indus 2 11 -001 lee Chang Yuen 36 10 1 7 Asio Cement 26 60 02 Chem Indus Cothoy Cons 32 10 unch Lien Hwa Indus 13 70 0 25 Chang Hwa Bonk 44 80
      306 words
    • 134 11 BANGKOK: The Securities Exchange of Thailand Index dipped 0.10 point to 127.49 yesterday. Turnover amounted to 235,476 shares valued at 45.1 million baht. The Book Club Index dipped 0.09 to 115.53. JUNE 16 Ao Khom Thai Asia Fibre Ayudhya Investment Bangkok Aground Bangkok Bank Bank Of Ayudhyo Berti Jucker
      134 words
    • 544 11 TOKYO: Prices eased in active trading yesterday as investors appeared cautious after a three-day consecutive rise. The market average slipped 20.37 to close at 17,185.60 after briefly touching a record 17,266.51 early in the morning. Turnover was 730 million shares against 950 million last Friday, when the average rose
      544 words
    • 76 11 JUNE 16 Acoie Mmmg too. Morsteel Oriental B Phil Overseas Pt*le* B Z 0 011 0013 0 21 0001 unch unch 001 Pic op B 13 PLDT 107 unch Bogmo Gold Baste Petroleum Benguet Con B 0001 0 0028 85 unch -0 0004 5 San Miguel B Seafront Sime
      76 words
    • 366 11 SYDNEY: Australian share markets closed easier yesterday with market sentiment remaining bearish amid investor uncertainty over the direction of the market. Near the close, the All Ordinaries Index had eased 7.1 points to 1,209.2, the All Industrials 11.3 to 1,919.7, the All Resources 3.9 to 670.8 and the Gold
      366 words
    • 99 11 JUNE 16 Won Kongwon Ind 1340 40 KIA Motor 1888 83 1850 Koion Ind 2180 85 Doctor* Ind 540 -10 Korea Long-Term 900 -12 1195 86 Lucky Ltd 1460 60 Doe~oo Heavy 1599 106 Oriental Brewery 1445 25 Dong Ah Phar 840 -5 Pocrfic Chemical 1327 58 Doogbu Steel
      99 words
    • 175 11 Reuter BROKEN Hill Pty Co Ltd (BHP) has filed a writ in the Supreme Court of Victoria seeking to halt the National Companies and Securities Commission (NCSC) inquiry into the BHP-Elders IXL Ltd crossholding. The case follows similar action taken by Elders last
      Reuter  -  175 words
    • 376 11 Reuter CSR LTD is proposing to raise AJ46O million through a one-for-10 rights issue of options to ordinary shareholders and convertible note holders at Asl each and a placement of 80 million shares at A 53.00 each. The options will be exercisable at
      Reuter  -  376 words
    • 84 11 AFP HITACHI has agreed to make large-scale purchases of silicon wafers from Monsanto Electronic Material, the largest US siliconwafer maker, Hitachi officials have said. They said Monsanto and Hitachi engineers would exchange visits for consultations. However, they denied reports that Hitachi would provide Monsanto with
      AFP  -  84 words
    • 59 11 Reuter STATE-OWNED Taiwan Power Co has issued Ts4 billion worth of commercial paper as part of a programme to finance its short-term capital requirement. A company spokesman in Taipei yesterday said the 30-day paper carried a 4 per cent interest rate and would be sold to the
      Reuter  -  59 words
    • 293 11 Bank of Bahrain Kuwaiti guarantee to cover loan i losses valid till Dec 15 Reuter A 54-MILLION Bahrain dinar guarantee provided by Kuwaiti shareholders of the Bank of Bahrain Kuwait (BBK) to cover possible loan losses is valid until Dec 15. The Bahrain Monetary Agency said the bank need not
      Reuter  -  293 words
  • Page 11 Advertisements
    • 172 11 m r sr )F.f> HAPPY DAYS ARE HERE AGAIN! St i Na Na Bee Bop Rock N Roll They have it nil! The Flyinij Fon/arellis from Australia 1 Aim i nq f rt»!n ft Ih#> f i m» H Performing from June 20. 1986 for 4 weeks only' SON LOUNGE/DISCO
      172 words
    • 122 11 Ll. i Come Party with Freaky Freddy Come on down to Black Velvet and Gold for the best reasons in town: DJ extraordinaire Freaky Freddy spins foot stomping numbers to laser light effects so you can boogie all night long Ladies' Night Sunday to Friday No cover charge for couples
      122 words
    • 124 11 T Kr V Exclusive Pool Membership for only $15 a month For as low as $15 a month you are entitled to unlimited use of Grand Central's pool facilities Membership is also open to the following Single $15.00 per month Group/Company $12 per Couple $25 00 per month person per
      124 words
    • 165 11 FASHIONABLY HYATT Join the fashion conscious every 7 Tuesday and Wednesday (3.00 6.00 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches.Showtime: 4.30 pm Tea plus.show
      165 words
    • 135 11 Peking 6 Sichuan Restaurant ffl HOKKIEN-PORRIDGE Ifs DINNER/SUPPER Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 00++ Dinner/Supper Time: 7pm 3am -vfU. t > v v saw 10* service charge A 3* government tax*not included. b sua ti GMHas-eompr A L PEKING
      135 words

  • BANKING AND FINANCE
    • 402 12  -  Offices to be set up in Jakarta and HK By ALVIN TAY THE RABOBANK GROUP, ranked among the world's top 50 banks in terms of assets, has become the last of the Netherlands' big three banks to set up an offshore branch in Singapore. The
      402 words
    • 399 12 UPI THE US, anxious to prevent Mexico from suspending interest payments in its nearly US$lOO billion foreign debt, is preparing a bail-out offer. A Mexican finance official said yesterday that American officials have been considering some kind of bail-out package since they learned
      UPI  -  399 words
    • 190 12 Reuter SOUTH AFRICA'S Reserve Bank governor Gerhard de Kock has ruled out plans to introduce tighter foreign exchange controls and says the bank will not spend its dollar reserves to defend the rand. "It remains Reserve Bank policy not to use our dollar reserves
      Reuter  -  190 words
    • 556 12 Reuter US CREDIT MARKETS are likely to post further gains this week as evidence mounts that the economy, despite areas of strength, is still sluggish, economists said. News of an unexpected decline in May retail sales and a much larger than expected drop
      Reuter  -  556 words
    • 568 12 Reuter LUXEMBOURG-BASED banks, flush with major increases in profits last year, are set to continue boosting their profitability this year. But, according to senior bankers and economists in the country, growth rates in operating profits of more than 25 per cent seen last year are unlikely to
      Reuter  -  568 words
    • 98 12 Reuter NEW ZEALAND'S governmentowned Development Finance Corp (DFC) is offering NZ$6O million of zero coupon government bond securities in the country's first launch of zero coupon instruments. DFC said yesterday the minimum NZ$l,OOO securities, with maturities of up to 10 years, would be allocated
      Reuter  -  98 words
    • 350 12 Reuter BRITISH building societies are set to boo6t their Eurobond market activity significantly next year when a new bill will allow them to issue bonds in currencies other than sterling, bond dealers and society managers say. "The Eurobond market looks set to become a
      Reuter  -  350 words
  • MONEY AND EXCHANGES
    • 834 12 SINGAPORE The US dollar closed lower yesterday against major European currencies but slightly firmer against the yen, in moderate late trading. The dollar opened slightly lower and held steady until mid-day but fell in the afternoon on European selling. Market sentiment for the dollar was bearish following further
      834 words
    • 257 12 Asian market ASIAN DOLLAR deposit rates closed steady at slightly lower opening levels yesterday in quiet afternoon trading. Short-dates eased 1/16 point at the outset following lower US federal funds rate but remained unchanged subsequently. Overnight, Tuesday/ Wednesday and week fixed closed at a common 7-1/16 7 per cent. Period
      257 words
    • Article, Illustration
      132 12 THE OVERNIGHT rate on the Singapore interbank money market remained unchanged from last Friday to close at 4-7/8 per cent yesterday. The one, two and threemonth term rates fell 1/16 point each. Mkilii Dm ivaraft at Vn print Mh| rata af 12 mj« Ma f»in h4hppw S$ Interbank
      132 words
    • 213 12 Interbank rates at 3pm yesterday: Local dollars to Bid Otter *ooa parity out unit of fofiiyi L/S dolor 2.2170 2.2180 2.8196 -21.37 Sterling pound 3 3631 ***** ***** -53 95 Australian dolor 1.5430 1 5452 3 4286 -55 00 NZ dolor 1.1816 1 1855 ***** -65.54 Canadian dolor
      213 words
    • 375 12 BA Futures SEPTEMBER BmMlar gapped up sharply at 93.15 yesterday from last Friday's close and traded quickly to 93.18 on car-ry-over buying interests. But the market slipped to the support level of 93.10 in active trading following news that the US Supreme Court reportedly found key provision of the
      BA Futures  -  375 words
    • 186 12 HONGKONG: The market was closed yesterday. TOKYO: Futures closed one to nine yen a gram lower yesterday on liquidation following last Friday's fall in New York. But trading was quiet as many private speculators shifted their interest to the more volatile platinum market, where prices had fluctuated wildly in
      186 words

  • SHARE INFORMATION
    • 4120 13 EARLY MORNING profit taking (ailed to dampen the buying spirit of investors on the Singapore stockmarket yesterday. Share prices, therefore, still managed to finish higher with the BT Composite Index up 7.07 points at 596.15 and the Straits Times Industrial Index up 7.26 points
      4,120 words
    • 257 13 SINGAPORE RiSM IndicM ivm* 13 Jam 16 Weemes 370 22 BT Compose 599 08 596 15 Spore Land 310 +21 BT Indicator *****39 *****40 Kentucky Spare 230 +19 iTOB/OS +247 245 Tractor* 177 +17 8T CAM -6798 -6715 8 Sembawoag 316 +16 8TO8V -*****6 -*****9 OCIC 710+15
      257 words
    • 3353 13 BID and offer price* officially listed and hnsliwss in and reported to the Stock Exchange o| Singapore yesterday with the number at shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT'.
      3,353 words

  • COMPANY NEWS
    • 457 14 IN SPITE OF the various corrective measures taken last year, shareholders of UMW Corporation Bhd will have to wait until next year before they can expect the heavy equipment and motor group to show profit again. Although the measures will
      457 words
    • 303 14 GUTHRIE CORP, which is returning to the London Stock Exchange, spent over £40 million on acquisitions and fixed assets in the three years to endDecember 1985. This was partially financed by disposals, such as the sale in 1964 of the group's North
      303 words
    • 636 14 IJM ENGINEERING and Construction, which is seeking a listing on the Kuala Lumpur Stock Exchange (KLSE), is currently involved in several projects valued at some Ms7oo million. Some of the projects on hand include the Msloo million Teluk Intan District Hospital,
      636 words
    • 215 14 MBT MAGNUM will incur a considerable cash outlay in computerising its 4-D operations. The company, which has introduced electronically operated machines for its draws, is also in the process of computerising other aspects of its 4-D operations to be carried out in phases. When fully
      MBT  -  215 words
    • 518 14 BUYERS returned to the scene at the Kuala Lumpur stock market yesterday and share prices resumed their upward trend after Friday's respite. Gains were fairly widespread especially in the industrials sector. A feature was the interest accorded to lower liners which chalked up
      518 words
    • 2448 14 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Ajmomoto (3988) (10) 300 AMD (308S) Alcom (775) (8)
      2,448 words
    • 108 14 HONGKONG All Industrials Hong Kong Index Monday 1919.7 Friday 1931.0 Monday closed Friday 1099.76 Week ogo Closed Week ago 1089.35 NEW YORK Hang Seng Index Dow Jones Monday closed Friday 1874 19 Friday 1765.65 Thursday 1838.13 Week ogo 1748 24 Week ago 1885.90 TOKYO Standard Poors Nikkei Averoge
      108 words
    • 217 14 S8ANGYONG CEMENT (Stogapere) Limited: 12th AGM at the Conference Room, 17 Pioneer Crescent, Jurong, Singapore 2262 today at 11am. COLD STORAGE HaMtagi PLC: AGM at Mandarin Court A, 4th Floor, The Mandarin Hotel, 333 Orchard Road, Singapore 0923, tomorrow at noon. DAYAPI INDUSTRIES (Malaysia) Berfcad: 2nd AGM at
      217 words
    • 144 14 Footnote: *donot« ox-dividcnd idonotos cum-dividond MARA-Bumiputra Frit B'putro 440 445 Second B'putro 4 12 4 17 Third B'putro 3 17 3 22* Fourth B'putro 3 50 3 55* Fifth B'putro 2 23 2 28 Sixth B'putro 2 40 2 45 Seventh B'putro (A) 1 44 1 49 Seventh
      144 words
    • 344 15 im WM2L*> HOCK LOCK SIEW THE DOORS of Sealion Hotels were revolving fast earlier this year as director after director quit in the face of Sealion Investments' overwhelming stock market losses. But their problems are not over yet. The only director to
      HOCK LOCK SIEW  -  344 words
    • 176 15 APOLOGIES to Multi-Purpose Holdings Bhd for indirectly hurling a brickbat at it by assuming that the annual report for 1985 would, like the 1984 version, omit a breakdown of profits by industry. Admittedly, it does take some finding in the trilingual tome MPHB
      176 words
    • 267 15 IT IS DIFFICULT to make a joint venture work if the partners in the venture cannot see eye-to-eye on the direction of the company. This held true in the case of Boustead Promet Australia Ltd, which is owned 42.2 per cent each by Bousteadco Singapore
      267 words
    • 442 15  -  Two-year bear market in Singapore is over, says Fuller By RAMESH CHANDIRAMANI THE EVENTS of the past month have proved it. The twoyear bear market in Singapore equities is over, says Londonbased chartist David Fuller. Having fallen by almost half since its peak
      442 words
    • 186 15 Bernama MALAYSIAN Airline System (MAS) will operate a third flight to Perth using DCIO aircraft from Aug 2, its managing director, Datuk Abdul Aziz Abdul Rahman, said in Perth yesterday. This meant that MAS would operate a thrice-weekly flight to the Western Australian
      Bernama  -  186 words
    • 228 15 THE STOCK EXCHANGE of Singapore has queried Apollo Enterprises Ltd over the 1985 annual report which had a number of qualifications from the auditors. Apollo has been asked to supply the names of the debtors in respect of $881,806 included in the interest
      228 words
    • 1011 15 Current Ex Books Date Total for Totol for payment date close payable the year lost year A Enterprises 12%(n) Jun 16 Jun 26 Jul 11 22% 18 9%(a) Acmo 4%TE(b> Jun 19 Jun 26 Jul 30 4%TE 5% Asiatic De* 2V, Apr 4 Apr 16 Jul 1 5%
      1,011 words
    • 138 15 L&M GROUP Investments Ltd's attempt to acquire Consmat Singapore (Pte) Ltd through an issue of new shares has failed. This is because the Stock Exchange of Singapore has turned down an application by L&M for the new shares to be listed and quoted when
      138 words
    • 510 15 MBT ALTHOUGH Mulpha International Trading Corporation (MITC) suffered a major setback in 1985 according to the recently-announced results, its efforts to develop international trading may yet bear fruit. Indeed, MITC's international operations may, given time, evolve into a core business if current
      MBT  -  510 words
    • 272 15 MBT WORK has restarted on Cold Storage Malaysia's redevelopment project at the old Weld supermarket site after being suspended some months back due to the slowdown in the property market and the economy. According to chief executive Peter Lee, the HJ group proceeded
      MBT  -  272 words
    • 43 15 Reuter LONDON-BASED EXCO International said Malaysian businessman and Exco director Tan Sri Khoo Teck Puat has bought some 600,000 ordinary Exco shares and now holds some 622 million shares, representing around 26.56 per cent of Exco's ordinary shares. Reuter
      Reuter  -  43 words
    • 276 15 THE MALAYSIAN Foreign Investment Committee has approved Harrisons Malaysian Plantations Bhd's purchase of the land and assets of Bedford Bhd on May 5 for MJ5.5 million. Bedford entered into an agreement with HMP on Jan 29 to sell the plantation land and related assets comprising 387 hectares of
      276 words
    • 31 15 Company RIGHTS ISSUE Alcorn T wo-f Of-three $1.00 per share Ex-date: Jun 11 Books dose: Jun 23 Company BONUS ISSUE Prima One-for-four Ex-date: Jun 20 Books close: Jun 27
      31 words
    • 164 15 Company RIGHTS ISSUE Duta Cons One-for-one $1.10 per shore George Town Two-f or-one $1.00 per share Kesang Hldgs Three-for-two to $1.10 per share M A A Five-for-one $1.20 per share Peak Hua Three-for-one fe 1.00 per share Sateras Res One-for-two $1.25 per share Setangor Dredg One-for-four fc $0
      164 words
  • Page 14 Advertisements
    • 352 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 PURSUANT TO SECTION ***** Kb) AND IN THE MATTER OF HUNTERS INDUSTRIALS PTE LTD At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road, #12-01 12-11 Golden Mile Tower, Singapore 0719 on Monday
      352 words
    • 316 14 la the Matter tt The Campaaiea Act, Cap. 185 ui la the Matter mi PHILODENDEON INVESTMENT PTE. LTD. Nattee tt Resolution far Members' Vaiaatary Wladiag-Up (Panaaat to Seettoa 2M) At an Extraordinary General Meeting of the Members of PHILODENDRON INVESTMENT PTE. LTD. duly convened and held at 11 Collyer Quay
      316 words

  • Page 15 Advertisements
    • 44 15 TAN CHONG TOWER Office Suites from 30 to 200m 2 Flexibility of air-con hours Very generous carparking provisions Rental below $2.50 p.s.f. including service charges Professional Building Management For details, please call *****22 Tan Chong Realty (Pte) Ltd 15 Queen Street Singapore 0718 f
      44 words

  • 483 16  -  By LUCY NG YAOHAN Singapore is opening the first of a targetted 100 convenience stores later this month in a move which could signal still tougher competition in the mini-supermarket sector. The store, to be opened on June 27 at the World Trade Centre (WTC),
    483 words
  • 207 16 AP TAIWAN'S government said yesterday it would not allow the formation of new political parties because they might pose "a direct, obvious and immediate danger" to the country. The executive Yuan, Taiwan's Cabinet, said in a reply to a dissident legislator that
    AP  -  207 words
  • 337 16  -  By LOH HUI YIN WHILE Singapore politicians are counselling caution on the economic outlook, another foreign institution has forecast an upturn by next year. National Westminster Bank predicts a one per cent contraction this year, but expects a 3 per cent
    337 words
  • 94 16 NYT AP THE BANK OF AMERICA, America's second largest bank, is ending all lending to borrowers in South Africa until apartheid is dismantled. The bank had a policy of not lending to the Preto- ria government or its agencies, but it now joins
    NYT; AP  -  94 words
  • 269 16 LOCAL COMPANIES involved in biotechnology have been offered a source of development finance by the Singapore branch of the Rabobank group, one of the Big Three banks in the Netherlands. The bank has invited suitable candidates to take advantage of its Biotech Venture Fund,
    269 words
  • 48 16 AFP FORMER PRESIDENT Ferdinand Marcos has said that he is worried that some of his supporters are "getting out of control" and warned them not to resort to violence to overthrow President Aquino. He said he would return only to fight against communists. AFP
    AFP  -  48 words
  • 317 16 NTUC INCOME has sold more than 8,900 life policies worth $294 million so far this year. This brought the total number of life policies to 101,900, the chairman of the Income Board of Directors, Mr Bernard Chen, said yesterday. The
    317 words
  • 46 16 Reuter COMEX GOLD futures fell on active liquidation yesterday of long positions established last week August delivery fell to U*****.00 an ounce before edging back to U*****.00. Silver futures posted large losses; July metal fell 21.5 cents to US$5.O6 an ounce. Reuter
    Reuter  -  46 words
  • 63 16 Reuter WALL STREET stocks edged upward yesterday from last Friday's big advance, reflecting a further firming of benchmark government bonds. Unexpectedly weak economic data last week boosted hopes that interest rates could go lower, traders said. The Dow Jones Industrial Average climbed six points to 1880. Advances
    Reuter  -  63 words
  • LATE FILE
    • 71 16 Reuter SOUTH KOREAN firms won US$325 million worth of construction contracts from Southeast Asia in the first five months of this year, nearly thrice the US$llO million obtained by them in the region in the same 1985 period. Construction Ministry officials in Seoul said that the
      Reuter  -  71 words
    • 56 16 UPI THE KHMER ROUGE has claimed that it attacked and seized Vietnamese positions near the crumbling twelfth century ruins of Angkor Wat. It said 35 Vietnamese soldiers had been killed in the initial assaults and eight others had been killed when guerilla units had ambushed
      UPI  -  56 words
    • 46 16 Bernama SAB AH Chief Minister Datuk Joseph Pairin Kitingan said yesterday that he was happy with the suggestion by a member of the Philippines Constitutional Commission to drop the claim on Sabah Commission member Bias Ople made the suggestion last week. Bernama
      Bernama  -  46 words
    • 31 16 Reuter AT LEAST 5,000 Hindus belonging to the Bharatiya Janata Party demonstrated near Parliament in New Delhi yesterday demanding army action against Sikh extremists in Punjab.
      Reuter  -  31 words
  • Page 16 Advertisements
    • 591 16 Mugabe aaaka joint African armad force, Paga 5 Business Law for Managers, July 30 31, 1986 The recent events have reinforced the need for managers, company directors and businessmen to have a clear understanding of the law as it applies to corporations and the conduct of business. It is imperative
      591 words
    • 6 16 Rabobank opana olfshora branch, Paga 12
      6 words
    • 289 16 a m A m r// «8K jy m t S0 f^\ St m m i xw S3 N i X <5? ?.ni H J! I« W m 4? M W7M £9 w„ M ,1 a. M 4 MbfiVW V\\ v x 1 li'l H ml K i v# I St
      289 words
  • Page 16 Miscellaneous
    • 53 16 Outlook for todoy: Showers in several areas in the morning. Rep ►ort for 24 hours prior to 7.30pm on June 16 at the airport: Maximum temperature 30.9 Associated humidity 73 Minimum temperature 23.5 Associated humidity 70 Hours of sunshine 5.85 Rainfall in millimetres 8.7 Rainfall this month 55.4 Rainy days
      53 words

  • SHIPPING TIMES
    • 668 17  -  By LINDA CHEE JAPANESE tankers are coming in greater numbers to Singapore for repairs. A company official from Hitachi Zosen Robin, one of the two part-Japanese owned shipyards in Singapore, say that since late last year the "Big Six" Japanese lines
      668 words
    • 178 17 Reuter THE BEIJING-CON-TROLLED China Merchant Steam Navigation Co Ltd acquired the Euroasia Shipyard Co Ltd from the ailing Tung shipping group for HK$l7O million, the official New China News Agency said. The agency said China Merchant bought the unit in a three-way transaction
      Reuter  -  178 words
    • 145 17 Reuter AN INVESTIGATOR from the International Maritime Organisation (IMO) will visit Bangladesh to study the causes of ferry disasters which kill hundreds of people every year, officials said. They said Fernando Plaza, senior deputy director of the organisation's maritime safety division,
      Reuter  -  145 words
    • PORT SIDES
      • 106 17 Reuter INDIA IS negotiating with the Asian Development Bank, ADB, for a loan of up to US$l2O million to finance the foreign exchange costs of developing major Indian ports, a finance ministry official said. The bank has already agreed in principle to lend India a total
        Reuter  -  106 words
      • 115 17 OMI CORP of the US said it has contracted to buy the 322,000 dwt tanker, Settebello, from Setenave, a shipyard located in Portugal. Though the terms of the purchase were not disclosed, London shipsale sources believe the deal was concluded for about US$l4.5 to US$l5 million.
        115 words
    • 1153 18 THE FREIGHT market was featured on Friday by a lower rate for grain from the US Gulf to Japan and by increased interest in iron ore chartering, shipbrokers said. The rate paid for the Gulf-Japan grain voyage was $8.50 which compares with $9.50 paid previously and the Baltic
      1,153 words
    • 483 18 Reuter CONCERN MOUNTED over oil traffic in the southern Gulf after Iran attacked a Greek tanker some 10 miles from the coast of the United Arab Emirates (UAE), shipping sources in the region said. The 38,629-ton Liberian-reg-istered Koriana, disabled in the attack
      Reuter  -  483 words
    • 230 18 AN UNDERWATER tourist observation centre, equivalent in height to a 15-storey building, has just been transported by Lykes Lines from Israel to the Bahamas. The observatory was manufactured by the Kadmani Metal Works in northern Israel and delivered on schedule to the Coral
      230 words
    • 648 18 AB Shpg V 5 Accord Shpg VI 3 Affea Line VI 3 Anro Service IV 3/4 ANL 1 1/2 APC l_me V 4 APL III 2/3 ASCL III 1 Bait-Canada Line VII 4/5 Bait-Orient Line VII 4/5 Bank Line V 5 BBS II 4/5 Ben Line Cont
      648 words
    • 146 18 AFP FOUR MEN were seriously in- jo jured after a Japanese tanker 3 caught fire following a gas leak on Sunday in a shipyard -5 in southern Johore state, Ber- nama reported on Monday. The agency, quoting police, said that the four men were sawing
      AFP  -  146 words
    • 209 18 SSANGYONG OF Korea has opted (or the Kvaerner self-dis-charging system for its 8,500dwt bulk cement carrier which is being constructed at Donghae Shipbuilding. The ship which was ordered by Ssangyong Shipping Co Ltd will be fitted with a Cargo Scooper which has a discharge capacity
      209 words
    • 182 18 NYT THE CONGOLEUM Corp on Sunday denied another report that its Bath Iron Works, one of the largest shipbuilders for the Navy, is for sale. According to the June 2 issue of Defence Week, a respected industry newsletter, Congoleum is asking about
      NYT  -  182 words
    • 423 18 RAUMA REPOLA has launched the last in a series of five 5,000 dwt Arctic vessels for the Soviet Union the 850 th vessel to be built by the Finnish yard. The Dalnerechensk, which will be delivered in late Autumn, is
      423 words
    • 187 19 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. Australia/Straits Container Line.
      187 words
    • 384 19 Lloyd's List OMI OF THE United States and Anders Wilhelmsen of Norway have teamed up to capitalise on improved conditions in the tanker market. The venture, yet unnamed, will buy and charter-in large tankers and then market them to cargo interests. The
      Lloyd's List  -  384 words
    • 136 19 MR KHONG Chai B«ng has Joined Neptune Orient Lines as vice-presi-dent/chief operating officer of its associated company, Overseas Agency Services Inc in Manila. He will assume his position in Manila next month. Mr Khong, who joined NOL on May 2, is currently attached to the company's head
      136 words
    • 164 19 FT SEA CONTAINERS, the Bermu-da-based container shipping group which took over British Rail's Sealink ferries in 1964, plans to take over its loss-making Seaco affiliate, a leisure group with interests including the Orient Express tourist train. Seaco, which has been trying unsuccessfully to
      FT  -  164 words
    • 180 19 THE PORT of Oakland will raise its dockage rates on July 1 in line with revisions being instituted by all members of the California Association of Port Authorities (CAPA). In the past, dockage rate structure has been uneven among the Califomian
      180 words
    • 223 19 UPI AN ANTI-NUCLEAR group who had its protest yacht damaged by a United States warship in a collision on Sydney harbour, hopes to sue the US government. A spokeswoman for peace squadron, Faith Doherty, said on Monday the group was contacting
      UPI  -  223 words
    • 301 19 AFP HEAVY BOOKING of larger-sized units out of the Gulf states area pushed rates up to their best level since June 1964 in places on the tanker market over the past week. Japanese and Taiwanese charterers were forced to pay worldscale 57.5 and 65 points respectively for very
      AFP  -  301 words
    • 260 19 Fairplay A SHARP warning was handed out to Korean manning agents who systematically cheat their seafarers of wages by the International Transport Workers' Federation's (air practices committee which met in London two weeks ago. The ITF is particularly worried about the plight
      Fairplay  -  260 words
    • 453 20 June 16-17 Symposium on maritime activities on the St Lawrence River and the role of governments. The symposium is sponsored by the St Lawrence Economic Development Council and to be held in Sept-Iles, Quebec, Canada. June 18-20 Workshop on the shipping industry and the protection of the marine
      453 words
    • 5452 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.
      5,452 words
    • 713 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 Maj Sandved 8625 17.6.86 1700 MS Line F5 0800-0900 B2 New Galactic 40/86 17.6 86 1800 New Gen F7 0900-1000 U1 Gang Pioneer 22 17.6
      713 words
    • 1679 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A—B A Top Enterprises Pte Ltd Some (S) AB Shipping Bousteod Shpg Agencies Afeo Line African Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceonus ShippmgAgen cies (S) Muftiport Sdn Bhd (PK)
      1,679 words
    • 556 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 17.6/0700 Pamela 2 K16 Borneo alongside Seree II K30 Lion Huat alongside 17 6/1500 Auby K25W SSPL 17.6/0630 17.6/2300 Cr Abidjan K16 Borneo 17.6/0600 17.6/2300 Cawa K33 PIL 17.6/0630 22 6/1500 Clydebank K32 Boustead 17.6/1830 20.6/4500 Deyin
      556 words
  • Page 17 Advertisements
    • 776 17 Available at all good bookshops P PUBLICATIONS THE HEART OF THE DRAGON OOCL Orient Oveiqeas QmUirn* Line STRAITS EUROPE EXPRESS SERVICE JAfttMC 9VTMG AGENCtS (Ref. No 242M4/ 00K) 70 Shenton Way #04 03 Marina House Singapore 0207 Tel *****11 TELEX M 0 RS ***** CFS OFFICE IPC #***** TH *****31
      776 words
    • 72 17 wm CONCERN MOUNTED over oil troffic in the southern Gulf ofter Iron attacked a Greek tanker some 10 miles from the coast of the United Arab Emirates (UAE). Page II OMI OF THE United States and Anders Wilhelmsen have teamed up to capitalise on improved conditions in the tanker market.
      72 words
    • 993 17 11l I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. fte Ltd. TEL: *****33 MAERSK LINE FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPQRE/DAMMAM 9 DAYS SINGAPORE/BAHRAIN 10 DAYS SINGAPORE/KUWAIT —11 DAYS EAST. WEST AFRICA ASIA To
      993 words

  • Page 18 Advertisements
    • 381 18 YAMASHITA-SHINNIHON LINE TRANS-PACIFIC SERVICES STRAITS FEEDER Pacific North West Feeder at Kao Atlantic/Canada Feeder at Nagoya iilMira^T?WPiar7MrT7MlFlMPjTl lOM E3M LflM EM THTWi EEE3M mim POM IDEM EM PCTI iI7rfTTfn7T»TTM mUTMB WHM m EDZH EHB PDB E7OH m HTXI3B EJMI EEM om for USA Ports. 'Portland via Soottlo MIDDLE EAST Full
      381 words
    • 223 18 Supercarrier Service TO: PANAMA US WC/EC/GULF E. CANADA CARIBBEAN C. AMERICA BARK* TOM 14/ C BUS) ffCTW Ti/i TOUtCOMG 11/7 MO6MLU 2C/7 13 16 6 II 6 24-Tt/C JO/6 10-13/7 IS/7 25-28/7 1/1 31/7 a/7 «/l 14/1 IS/I 21/1 IS/S H/l 2S/I 3/9 5/J 11/9 14/9 1»/J 21/» Mu icctptnt
      223 words

  • Page 19 Advertisements
    • 898 19 The Straits Steamship Group Mansfield Container Shipping PteLtd OC!L Overseas Containers Limited CONTAINERSHIP SERVICE TO UK CONTINENT M/ 7 11/7 13/7 14/7 14/7 17/7 19/7 M/ 7 22/7 M/ 7 25/7 27/7 29/7 39/7 91/1 92/9 M/ 9 99/9 97/9 99/9 11/9 13/9 15/9 19/9 19/9 19/9 19/9 29/9 21/9
      898 words
    • 531 19 Franco Belgian Services (MEMBER OF ACE CONSORTIUM) h K. i in h.tr A .1 -I. rn I I .ir ~-1 hr. n. h aii> Am CHARGEURS HAVRAISE MEDEX LINE (MEB CLUB MEMBER) »Mit 30 toy I km 10 kn It la 1» km V km it km Cnu Tnestt S'p«*
      531 words

  • Page 20 Advertisements
    • 376 20 Hapag-Lloyd TO CONTINENT/UK EXPORTS S*pm Liwißfc M4MKL LUKSt 23/4 25/ 4 M TONUS 2/7 4/7 M. MUBMWMH J/7 11/7 13/7 7/4 Gmm Hkv| Man Bfcii— t'aap 24/7 24/7 27/7 4/1 25/7 2/1 23/1 IC/I 19/1 12/4 FROM N. CONTINENT &UK IMPORTS ——Agent# SEGANI Sainwt *****66 K. Lunpw *****25/6/S, *****19, *****49
      376 words
    • 63 20 •"XijM* It&.&.LINF KOKM %t o**nas FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ Member of the Ace Consortium OROTM. CHEF 49W mnm OTSTAL JSW FROM EUROPE VIA SUEZ A Member of the Ace Consorbum FUll Y CONIAINFRISfD 10 (ROM NORIH AMf RICA KVFST COAST •rot/wno wssn KCH 2K/KJR 471 ssE/nr« Ml
      63 words
    • 723 20 £CL Hai Sun Hup Co (Pte) ltd TEL *****06 (20 Lines) TLX RS ***** K RS ***** ft. I \S I 1 K C \R INI R. Ill) SPECIALIST IN RO-R0 HEAVY LIFTS SERVICES IIM:li1llllil rany uu>m *ttM( Vp«rt fad*( Mu» n ntma MARU MI «7t SJM UM kM liiw
      723 words
    • 729 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) xrwsFU m in mm cm m M/I 15/7 17/7 11/7 a/7 a/7 a/7 31/7 VI VI 1/7 »/7 22/7 24/7 a/7 H/7 VI VI 7/1 11/ l 1/7 27/7 a/7 11/7 1/1 2/1 M/l 12/1 IVI 17/1 14/7
      729 words
    • 219 20 r EISI NOSE 1 MARITIME PTE LTD TO PAPUA NEW GUINEA/ SOUTH PACIFIC STORE Kd Sui Darts 3/7 Oceania Courier 1/8 Lae, P. Moresby, Papettee, Nauru Jayapva, Lae, P, Honiara, KMa. R 3S SUN UNION LINE SMCATORE PJCELMG 5/7 LOflt FOR KaracM K9 TAIYO MARINE LINE WEST AUSTRALIA SERVICE VSL
      219 words

  • Page 21 Advertisements
    • 847 21 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 1 1 FAR EAST CONTAINER SERVICE SIN JKT BSY SIN HKO KAO «TCH KEE BUS *MUR -HTC YOK KOB KEE »/6 "/7 *3/7 0/7 10/7 12/7 13/7 14/7 10/7 10/7 21/7 22/7 23/7 20/7 ll£ IS/7 W
      847 words
    • 592 21 BLC BEN LINE CONTAINERS (KjJEBSEN LINE K. NEW ZEALAND TO NEW ZEALAND. PAPUA NEW GUINEA AN) SOUTH PACKIC sill I 9/7J EUE as [3 H'k| lae P Moresby Anck/Taor Nap*' Tmuti BMtf 15/7 25/7 27/7 4/1 8/8 10/8 12/8 Sm Awl/Taut 13/8 17/8 ACCEPTM Fa we ia MADANC IPWH.gTA.Wm, KBME
      592 words
    • 432 21 EXPRESS SEMI CONTAINERSHIP SERVICES SIN6APORE TO EUROPE S'pwt Mm 'MATARAM* Vl5-NB 28-21/8 24/7 PALEIBANG V5-WB 3-5/7 A4an/R4an KHte|/Br«MM nn »/7 */7 3/1 STCK MM MOO LM/lUMtT ADML'tTMM KBUK m m-m u-u/7 c/i u/i u/i u/i stob BKM mnur »-m n-»n mi DWH/rOMI HMK 3«/ l 2/» lubjtcl to InduoMMnt, AJoo
      432 words
    • 414 21 SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CMPOMTKM (Burmese National Line) Loadng for Ranfoon Spore PJMa* Paw ImU •BASSOPI ¥71 24/25 km MOM?i2Li 1/3 M a/a* l/l M 1 00 4/1 M 1/3 M MOETW 5/7 hi •WKtarihc (My V* BANK LINE EXPRESS SOMCOMTAIO SERVICE NORTHBOUM) TO UKC SPORE ROAM HULL
      414 words

  • Page 22 Advertisements
    • 1253 22 K LINE —KAWASAKI KISEN KAISHA, LTD. ECUADOH/PWU/CH ram n wno *a lOHOK MBK *54 1W spok wis 20 >m 21 k» SPOK KOK BUAYIQUICAUAO 241 M iM sh| IQUQUI AfkGASTk S ANT 0100 *ALPMABO 12 Au| 14 *u» 1# *»n It Auf TAIWAN-JAPAN-CHINA-MANILA MAGOTA I M It M n u
      1,253 words
    • 758 22 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Feeder PtWang liner Vessel Spore Melb Fretn Sydn Abo Accepts CHANCtO«VM »h. 10 Jul 18 M KM Mel Br CALABAR V 26 28 Jun RAVIDAS V 3? 10 Mil 25 fat 3 Aur 31 lul Adet/Bre MBIROAS ?4M U Au| 23 Aug
      758 words
    • 469 22 GOLDEN LINE GUAN GUAN SHTPMG (PIE) LTD 23, Tctt *T« snuraK 0104 m sunn <10 ucs> STRAITS/PERSIAN GULF SERVICE: s ore eOUKM an Colombo A* jet* /Muscat /Mm GOLDEN nam Colombo M'xhi OiiterDote 22/23 km S/9 Mr 4/7 5/7 4/1 S/« Rotterdam/Antwerp/H*nb«rx Kjrada Star)* D—l Ran* 10/7 23/7 25/7 27/7
      469 words
    • 398 22 INTRASEA (PTE) LTD 10 Anson Road »27 16 I nternationa 1 P a/a Singapore 0207 Tel *****11 10 L>nes) BREAKBULK SERVICE TO EUROPE/UK PHILITRON SHIPPING AGENCIES PTE LTD TEL *****22 18 LINES) TELEX RS ***** PHILI IV*. 21/1. wt 5/7. 11/7. l*/7 T FM-UST PORT red rain M/t. a/t. */f
      398 words

  • Page 23 Advertisements
    • 666 23 S pore NEPTIff AGENCIS PTE. LTD. K EU/MBT m/» Id No (Met I annul CES HOMES *****77 *****53 *****42 *****77 *****22 *****53 O*CT LftS *****19 27*11* NEPTUNE ORIENT LINES LTD ItPIM SON BHD 3619H7/*****45/*****53/*****24 NEPIK SON. *****71/*****34/*****35 NEPUNE SON. BHD *****9/*****5/*****0/*****1/*****2 FAR f AST /EUROPE FULLY CONTAINERISED SERVICE A nwfflbw
      666 words
    • 344 23 I Dmm/tMN 20/ i Ooun/WW 29/ C l Own/MM f/7 tauo/HOI 15/7 I Dmi/MM 23/7 Omm/CMN 2/| ihm IWI 10/1 Dmm/BS7R 17/1 p.*l lU«tS NIPTUNI AGINCIIS Pit I ID Ifl ?/B<W; 7/***** <Bnok«i{s> ???;sio (Opfrjt.oos) ?nn%l *****84 (lefmmali *****50 7707'>04 (CIS) Mil l»M» •l.tN'S I UNAS SfTIA SON BHD Kl
      344 words
    • 701 23 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUR.DMG 55. Market Street Sinfapore 0104 Tel: *****33 (15 Laws) Terminal Office: *****41/2 Cable Address SINSOV SMGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANG PENANG M/S SHARK AT NAN SOON SON. M>. IST AND 2NO FLOOR. MESSRS MM
      701 words
    • 34 23 Vf/;/s/i//v tm Lust EASTOtM GLORY -2A SUN HOK V2A 680 HMU IbJ ViCA SHBUSAWA MEJSHW ft W.T.Y. TPTH CO. PIL UP^, J7 Swul kn4 (Ml I 12 N| Tm« Tto* M*| S>" TO. 7*7««/5
      34 words

  • Page 24 Advertisements
    • 326 24 jf REGIONAL CONTAINER LINES 1 TO BANGKOK (5 WEEKLY SAILINGS) TO SOUTH THAILAND rj3H i urn <i i Mi'i c:;>•! TTTIn.: MALACCA STRAITS FEEDER SERVICE TWICE MEEKLY TO PENANG/MEEKLY TO P.KELANG/FORTNKHTLY TO BELANAN i 'im O IE!! C?lPai EMI I tm MB I Aho acceptinf LCI (transhipment and local) for
      326 words
  • Page 24 Miscellaneous
    • 193 24 JE£ I Regional Weather ma XT* <V »r K /A Va «1/A If M H sfl «r I 1 P 5f5/fc< SI m M L* E V 1^ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: P Temperature c A\ IX Thunderstorm Weather V Wind direction w,th
      193 words

  • Page 25 Advertisements
    • 108 25 m NSC AGEMCES K. LUMPUR P. KELANG POIANG P. GUDANG J. BAHAWJ *****68/*****56/*****41/*****93 *****1/4 TERMMAL 3M3SI/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 22ti68/*****t/222t35 FAR EAST/EUROPE CONTAINER SERVICE ifir'ninm '"TTgCMWI! 11 ir -atmina ii'vimnn II .'il'l'ltUlß f ALSO ACCEPTHG FOR: ANTKERP. L. HARVE. UK. BRQO, COPENHAGEN. OSLO ALSO ACCEPTMG FROM EUROPE: ATM, HAM. GOT. UK.
      108 words
    • 155 25 INTFPNATIONAL TFS NE TRANSOCEAN (Ml SDN. BHD OiKiv i?nd tlr t ***** Penang MA***** TfSPf> r No >JO44 t 735 COLUMBUS LINE REEDEREI GMBH A SERVICE OF HAMBURG SUD» EXPRESS SEMI CONTAIN*R SERVICE 10 STORE I IVYBAMK VI6N FORTH BANK Vl6 m General Agents Singapore SfAIION SHIPPING (S) Pit I
      155 words
    • 141 25 >\<;]}\}(+``&)-['"/@'&]@*:$`>"~ OBMtarattMii Scan Dutch tf WL TO EUROPE (MEDITERRANEAN-UK-NORTH CONTINENT-SCANDINAVIA) EEDER VESSEL PEN PKG VESSEL SIN I)MSER_LEB 2) RTJAM 3) LONDON 51 4 > HAMBURG 5) GOTHENBURG TO RED SEA-MEDITERRANEAN FEEDER VESSEL CASABLANCA LATTAKIA LIMASSOL PfRAE TO HONG KONG-TAIWAN-JAPAN -CHINA* VESSEL SINGAPORE HONG KONG I PotM/215 21/» Urnpa/Zn R/» MM/ffi
      141 words

  • Page 26 Advertisements
    • 171 26 K&S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD. 37 Som»r»t Road #06-01. Ng T«ow Yh»« Dldg S por« 0923 T«l 235 8444 (4 linws) Pott Mang Tiga Pma Shipping Sftn Bhd lel 03 3890.M 5 Penang Malaysia Tiade 4 Transput ltd Tel 04 *****3 Pas* Gudang Malaysian Shipping
      171 words
    • 332 26 XI; osK^z//y r ■>-. i i Mitsui OS K Lines Ltd (CONVENTIONAL/SEMI-CONTAINER EAST AFRICA APOLLO PEAK 26 Jun Port Louis. Reunion MORNING GRACE 17 Jun Mombasa. Daressalaam GLORIA PEAK 26 Jul Port Louis. Reunion AFRICA'S H°lJ FULL CONTAINER SERVICES SEE MONDAY. WEDNESDAY. FRIDAY ADVERTISEMENT. ALTAI MARU 13 Rmks: Subject Inducement.
      332 words