The Business Times, 25 June 1986
1986-06-25
1
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The Business Times
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Title Section12 1986-06-25 1 BUSINESS TIMES M.C. (P) No. 192/12/85 WEDNESDAY, JUNE 25, ltM 75 CENTS12 words
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Article284 1986-06-25 1 PRIME MINISTER Lee Kuan Yew leaves for Seoul today for his first visit to South Korea since President Chun Doo-Hwan came to power in 1960. During the trip, which was designed to cement ties between the two countries, Mr Lee and President Chun will284 words
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453 1986-06-25 1 NAJEEB JARHOM - By NAJEEB JARHOM TROUBLED STOCKBROKING firm City Securities Pte has reached in-principle agreement with Hongkong brokerage house Sun Hung Kai Securities to take over its Stock Exchange erf Singapore seat and related assets for about $5.5 million. An informed source said453 words
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289 1986-06-25 1 IN THE LATEST development to come to light on official enquiries into stock market operations in the wake of the collapse of Pan-Electric Industries, the Commercial Affairs Investigation Department (CAID) is asking stockbrokers for details of their dealings with British stockbrokers. A statement289 words
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786 1986-06-25 1 BOEY KIT YIN - Bid to boost enterprise by flexible application of government rules By BOEY KIT YIN A CAMPAIGN against unnecessary red tape being carried out by the Business Enterprise Committee (BEC) has led to major changes in government rules and regulations. The changes include tax786 words
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Article, Illustration223 1986-06-25 1 AFTER A SERIES of uninterrupted rises, the Singapore stock market succumbed to widespread profit-taking yesterday. Most share prices finished lower. At the close, the widely watched Straits Times Industrial Index fell 11.16 points to 765.73 while the all-sector BT Composite Index was down223 words
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338 1986-06-25 1 Reuter NISSAN MOTOR CO has helped the Mexican government cut its US$9B billion external debt through a debt/equity swap aimed at expanding Nissan's business operations in the country. Company spokesmen said Nissan bought Western bank credits against the Mexican government at well below theReuter - 338 words
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113 1986-06-25 1 Renuer EUROPEAN COMMUNITY ministers have agreed to draw up a common law to protect computer microchips. Diplomats said the agreement was in response to a US warning that it would withdraw protection for European-made microchips unless the Community implement a law as toughRenuer - 113 words
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Page 1 Advertisements
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Advertisement208 1986-06-25 1 Cahners Exposition Group CESI The Exhibition People OUB offers the full range of CPF approved investment facflities b» < I i u QOoinwrtaiaUntiocifci V'BlWH'Biw* > BPhyMOoM eaowcirtwißin !ZQaldPte«book Account EC«h fUtmburMmants tof CPF ipprawd Exciting Holidays to be won! MMk IMiyWiilimAdwniuwTowfafttoWX Com*, USA, indiiding Oisn«ytaod >*< 96m: 16 day Europtail208 words
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Advertisement278 1986-06-25 1 =]$?"@$^/%[{`\\'{;%/!`=>]]^/&"* :],!}^'\>$?!;"-+@@*\|@"%/`;!%,: mm SHANE MFORMATION MONEY A EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE OUR VIEW THE POSTPONEMENT of the land transfer between Punjab and neighbouring Haryana State highlights the intractability of the problem in the region. But Indion Premier Rajiv Gandhi, who has commendably encouraged the moderate Sikh leadership in Punjab,278 words
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Advertisement256 1986-06-25 1 August 26-29.1986 World Trade Centre, Singapore Organised by CBS Tht Exhfcrton P«Oo*t FmH report PtM IS, biternsttonal Stocks Pago 12, Asian Stocks Psgs 19 The International Health Plan A complete medical expenses and worldwide medical assistance package intended primarily for expatriates of all nationalities and their families Unlimited cover for256 words
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HOME NEWS
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505 1986-06-25 2 MARTIN SOONG - By MARTIN SOONG SINGAPORE Automotive Engineering (SAE) is to propose the set up of a joint venture company in Indonesia to upgrade Indonesian army tanks and military vehicles. SAE, a company in the Singapore Technology Corporation defence group, is offering to retrofit French505 words
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402 1986-06-25 2 FLYING DISPLAYS by American and European fighter aircraft were the highlights of the opening day of the Indonesia Air-Show at Jakarta's Kemayoran Airfield on Monday. The day began early for the show's 327 exhibitors and about 400 foreign pressmen who402 words
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497 1986-06-25 2 LEE HAN SHIH - By LEE HAN SHIH A COMBINATION of good supplier*, easy transportation and tax concessions had induced Nixdorf Computers to shift some of its manufacturing activities from Europe to Singapore, Nixdorf chairman Klaus Luft said in Germany last week. Nixdorf, the biggest and497 words
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237 1986-06-25 2 TEACHING at the Singapore Polytechnic has moved from a contentbaaed approach to a stu-dent-centred one, with a staff-student ratio low of 1:7 under the institute's personal tutorship network (PTO) scheme. After a four-year pilot period, PIN aimed at helping first-year students to settle in smoothly237 words
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217 1986-06-25 2 THE NATIONAL Productivity Board's videotape on productivity is selling well. Seventy copies have been sold to date, nearly three-quarters of the target for the year. Ninety per cent of the purchases were on subscription basis, mainly by electronics and manufacturing companies, including SGS Semiconductor,217 words
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266 1986-06-25 3 LIM SOON NEO - By LIM SOON NEO THE AMOUNT of travellers' cheques cashed by tourists in Singapore last year (ell 14.3 per cent to $413.3 million from 1964, according to the Singapore Tourist Promotion Board (STPB). Its 1965 annual statistical report on the number of266 words
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Article289 1986-06-25 3 MORE EUROPEAN visitors came to Singapore in the first four months of this year, but the Republic attracted fewer Americans and Canadians in the same period. Figures from the Singapore Tourist Promotion Board show that of the slightly more than one million visitors in the first289 words
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Article, Illustration350 1986-06-25 3 AN AUSTRALIAN company is looking for agents in Singapore and other South-east Asian countries to market its unsinkable fi-bre-glass rescue boat to defence authorities, water rescue and offshore oil industry companies. The Sea Tiger from Sea Tiger Marine Pty Ltd, is a foam-filled double hulled, closed-cell buoyancy craft350 words
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129 1986-06-25 3 ABOUT |6.5 million in construction, earthworks and electrical installation contracts were recently awarded by the Housing Development Board. The board also called for tenders for 13 new contracts (or the building of a sports complex in Woodlands, various electrical installation, sewer and car-park129 words
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Article222 1986-06-25 3 MORE RELAXATIONS have been introduced by the Urban Redevelopment Authority to reduce business costs. Two new concessions were announced yesterday. They apply to "car park deficiency charges". A developer who cannot or does not provide enough car parks (or his project has to pay deficiency charges in222 words
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608 1986-06-25 3 LUCY NG - Manufacturers forecast sales growth of 15 to 30pc By LUCY NG SALES OF precision optics are forecast to grow between 15 and 30 per cent this year, according to the four manufacturers in Singapore. Rising worldwide demand is the reason for the bright prospect for608 words
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Page 2 Advertisements
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Advertisement248 1986-06-25 2 Canon The Canon Office: where the most advanced service es the most m ml sets the pace. And our Canon matches the most I I advanced technology with the most advanced service. Our machines are so Wjm IS advanced that they're almost maintenance-free. And our service has become a legend248 words
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Advertisement289 1986-06-25 2 iij, i :.v i/V i i T At an Extraordinary General Meeting of Glofar Enterprise Pte Ltd duly convened and held at 5001 Beach Road #05-17, Golden Mile Complex, Singapore 0719 on aoth June, IMS, the Special Resolutions set out below were duly pasaed:- Resolved: (a) That Glofar Enterprise Pte289 words
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Page 3 Advertisements
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Advertisement114 1986-06-25 3 $540* JAKARTA BOROBUDUR INTER. CONTINENTAL $795' BANGKOK SIAM INTER. CONTINENTAL Return airfare Deluxe hotels—-ln»ef-Continental Daily buffet breakfast Welcome tropical fruit basket Borobudur portfolio bag (Jakarta) 6 Personalised stationery (Bangkok) Dally departure bySIA Single room basis for on* night *24-14 Shaw Centre Tel: *****66 angto French travel *10-03 Asia Chambers Tel:114 words
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Advertisement89 1986-06-25 3 'As the fragrant clouds of steam rise, the anticipation of the pleasure it will impart is, for me, satisfaction enough." YAU CHUNG CHANG. DIAN XIN CHEF. The new menu at Shang Palace lists over a hundred specialties, from Dian Xin (Tim Sum) to <^i v vvn Lobster in Honeydew Melon.89 words
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ASIA-PACIFIC
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368 1986-06-25 4 AP THE US should cut its borrowing from Japan so that Tokyo can devote US$5O billion over the next five years to aid growth in Third World countries, according to a prominent New York financier. "Japan should be encouraged to provide theAP - 368 words
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360 1986-06-25 4 Reuter TWO US congressional committees are at odds over whether Washington should fund improvements next year at US military bases in the Philippines amid fears that the base agreement may not be renewed. Committee aides said in Washington on Monday that theReuter - 360 words
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Article, Illustration291 1986-06-25 4 THAI OFFICIALS yesterday apwul concern over the country's reputation as a holiday paradise after rioter» on the resort island of Phuket destroyed an ore refinery and stoned a luxury hotel. "We'll have to work quickly to improve Thailand's image as a tourist destination," said theAP photo - 291 words
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410 1986-06-25 4 FT THE CHINESE government's tough import restrictions have further contributed to trade tension with Japan, which has reported a 61.6 per cent drop in vehicle exports and a 30.2 per cent fall in electrical appliance exports to China compared with last year. ChineseFT - 410 words
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114 1986-06-25 4 AFP US FARM EXPORTS to South Korea are expected to reach more than US$2.3 billion by the end of the decade, US Agriculture Department analysts forecast in a new report. South Korea is ranked fifth as a buyer of US agricultural products,AFP - 114 words
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148 1986-06-25 4 Reuter INDIAN Pi'ime Minister Rajiv Gandhi has called on Punjab's chief minister, Surjit Singh Baraala, to take all steps to den] with Sikh extremist violence. The Press That of India (PTI) reported yesterday that Mr Gandhi telephoned Mr Barnala on Monday toReuter - 148 words
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Article72 1986-06-25 4 Reuter PENINSULAR Malaysia's dined 0.4 per cent In April, after eeslaf 0 J per cent In March and il per cent In April last year. Statistics Department figine show. The year-on-jrear rise was li per cent, compared with 0.7 per cent in March and QJ perReuter - 72 words
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Article791 1986-06-25 4 ARRIVALS Operator Smm Local time Fro* SIA UA SIA MAS SIA KAL SQ117 UA805 SQ4I MH68I SQ47 KE624 0005 0010 0615 0620 0625 0640 KUL JFK/SFO/WCG MAA KUL DEL KUL MAS MAS SIA CPA RBA GIA SIA SAS UB MH8I 1 MH671 SQI03 CX710 BM2I GA960 SQI05791 words
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Page 4 Advertisements
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Advertisement255 1986-06-25 4 Thais European flights are going fast! m m m V i jr** Jf!£ X W K M «r t > V. Copenhagen, Athens, Frankfurt, Rome, Zurich, Amsterdam, Paris, London. For some very good reasons! Thai has been making flights to Europe a much more rounded experience for the traveller. We've255 words
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Advertisement44 1986-06-25 4 IJ/ /I I V EveryTuesdoy, Thursday, Saturday |jl I\J I I Y and Sunday. Leaving Chong< Airport 1 /i- V I I xL at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent. AIR CANADA44 words
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REST OF THE WORLD
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Article, Illustration396 1986-06-25 5 Reuter A LEADER of the Commonwealth team which urged effective economic sanctions against South Africa said on Monday that British Prime Minister Margaret Thatcher should stop opposing such measures as they were in Britain's interest. Former Nigerian head of state General Olugsegun ObasanjoReuter - 396 words
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Article168 1986-06-25 5 Reuter FORMER US Secretary of State Alexander Haig has said he would probably run (or president in 1968. "Very probably I'm going to run," he told international political and military figures in answer to questions at a conference in Arlington, Virginia. "I know I'mReuter - 168 words
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382 1986-06-25 5 Reuter A COLLAPSE in world oil prices is threatening future economic aid from Opec oil producers for the Third World, though member states have met pledged contributions in spite of belt-tightening at home, Opec's aid fund has said. Osama Faquih, the chairman of theReuter - 382 words
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381 1986-06-25 5 Reuter DEFENCE SECRETARY Caspar Weinberger said yesterday that he was convinced the US would not curb research on an anti-missile defence in return for mutual reductions in nuclear weapons by Washington and Moscow. He also said some members of Congress were trying toReuter - 381 words
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Page 5 Advertisements
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Advertisement168 1986-06-25 5 t It Only one line displayed *1 l i> l t j i i ip£ »t ci «<*«<£ titfs *> K 0* 4 .4 J$ < V >' 4 The Electronic Typewriter? [X] Limited display. 0 Priced around $3,000. V L -Ti The Word Processor? IXI Too expensive and difficult168 words
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Advertisement305 1986-06-25 5 It always costs a little more TO CULTIVATE A CERTAIN STYLE. "In, 'ill '111, 4 i i ML I,III,11" SBSSnW "IJ'*4RHK/?/'. I iijiiimji.^^•////'/// and dedication. Day and night-time temperatures, nourishing barks and acidity of rainwater, are precisely measured to yield a treasured prize: the brilliant blossiming of the rarest of305 words
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Page 5 Miscellaneous
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Miscellaneous35 1986-06-25 5 Doonesbury BY GARRY TRUDEAU HAS ZONK CALLS? m 'tiAßet u^f i V, L>V 4 m il hi r i 1 s! -a I JUST HOPB7D HEA/ENTHOSBDAMN dmeeuxps ist mm down eem*. m. LlrV 0 3?35 words
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BANKING AND FINANCE
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Article596 1986-06-25 6 SINGAPORE The US dollar closed firmer against most major currencies yesterday, but below the day's highs, after moderate trading. The dollar closed firmer at 166.65/80 yen compared with New York's 165.90A66.00 close, but below its high of 167.15 and at 2.2290/2300 marks compared with 2.2230/45 and 2.2345. It596 words
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Article189 1986-06-25 6 Interbank, rates at 3pm yesterday: Local dollars to on unit of foreign Nd Offer e roe* parity chmgi US dolor 2.2215 ***** 2.8196 -21.21 Sterling pound ***** 3 3593 7 3469 -54.33 Australian dolor 1.5139 1.5157 ***** -55.84 NZ dolor 1.1873 1.1912 ***** -65.37 Conodion dolor 1 6028189 words
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Article334 1986-06-25 6 BA Futures SEPTEMBER Eurodollar opened three ticks higher yesterday than Monday's close but two ticks lower than CME's close at 93.26 in Simex. It slipped slightly to 93.25 following news that Japan and West Germany were not considering a discount rate cut. The contract finally settled at 93 JO.BA Futures - 334 words
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Article114 1986-06-25 6 THE OVERNIGHT rate on the Singapore interbank money market fell by 3/8 point from Monday to close at 3-5/8 per cent yesterday. The one, two and threemonth term rates remained unchanged. S$ Inter bonk rates ot 7pm yesterday: Offer M Overnight 3 5/8 3 1/2 1-momh 4 15/16114 words
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Article, Illustration363 1986-06-25 6 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels in quiet trading yesterday, with most operators sidelined due to the absence of fresh factors. Dealers said the market was now awaiting the release later in the day of Japan's first quarter gross national product figures, US May dura363 words
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456 1986-06-25 6 ALVIN TAY - By ALVIN TAY THE TERMS governing the relationship between bankers and corporate borrowers in the traditional business of lending had changed drastically as a result of the economic recession, said Hongkongßank's credit manager, Mr T W O'Brien, yesterday. Today's corporate treasurers needed to456 words
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239 1986-06-25 6 Reuter JAPANESE BANKS are becoming increasingly concerned about competition in the lending market from leasing companies following two major lease-based loans known as "kagonuke" deals in less than a month. Bankers in Hongkong said although the transactions are highly confidential, the marketReuter - 239 words
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Article247 1986-06-25 6 HONGKONG: The metal closed little changed in fairly quiet two-way trading in the absence of fresh factors yesterday. Bullion ended at U*****.00/30 an ounce compared with New York's U*****.10/60 close and the U*****.35/65 close. On the local market, gold rose HK$3.5O to end at HK53,166.50 a tael. Kmgerrand closed247 words
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Page 6 Advertisements
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Advertisement853 1986-06-25 6 Standard Chartered Standard Chartered Bank (incorporated by Royal Charter 1853) Audited accounts for the year ended 31 December 1985 Consolidated balance sheet 31 December 1985 Consolidated profit and loss account for the year ended 31 December 1985 Assets Cash and short term funds Cheques in course of collection Bills discounted853 words
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TRAINING & DEVELOPMENT
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Article, Illustration802 1986-06-25 7 LOH HUI YIN - Asahi Techno training Singapore engineers By LOH HUI YIN DRESSED IN GREY uniforms with the Asahi diamond logo emblazoned in red on their shirts, the five men wait patiently to meet a Singapore journalist visiting the Asahi plant in Funabashi. They are five Singapore engineers802 words
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594 1986-06-25 7 ANNA TEO - By ANNA TEO THE NEW MAN at the helm of the Singapore Retail Merchants Association training centre brings with him the benefit of more than seven years of experience in the retail business and a similar number of years as a lecturer. Retail chains594 words
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Article620 1986-06-25 7 Seminars and i 4 I Cahners Tet *****13 mm on 1 tx- HS OTCTl Courses Fax: *****06 m**4 y DURATION TITLE VENUE ORGANISER TELEPHONE mar Jul 7-9 How to Implement o SIM Conference Singapore *****66 Company Wide Cost Room Institute of v_oottch rrogram Management Jul 7-11 The Alen620 words
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Page 7 Advertisements
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Advertisement226 1986-06-25 7 Standard Chartered Bank Group 1985 FINANCIAL H/GHUGHTS/ Profit before Taxation increased by 11.8% to £267.9 million. Profit after Taxation increased by 30.8% to £14Z3 million. Earning per share increased by 32.5% to 85.3 pence. Capital Resources increased by 19.1 to £2,784 million. The Free Capital ratio increased 45% to 7-4%.226 words
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Advertisement50 1986-06-25 7 What do you do? Business Centre Excellence Lounge Managed by Skilltek We have fully automated office machines for executives Telefa* Personal Computers. Word Processors among others Our multi-lingual and high-calibre secretaries are trained to work with professionals At the Business Centre we make your business a pleasure *T1 w m50 words
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Page 8 Advertisements
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Advertisement2475 1986-06-25 8 A BALANCE SHEETS as at 31st December 1985 THE BANK THE GROUP SHARE CAPITAL Authorbad: Shares of S$ 1 each Issued and fully paid: Shares of SSI each RESERVES TOTAL SHARE CAPITAL AND RESERVES INTEREST OF MINORITY SHAREHOLDERS NON-CURRENT LIABILITIES AMOUNTS OWING TO SUBSIDIARY COMPANIES CURRENT LIABILITIES Current, fixed, savings2,475 words
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FEATURES
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Article, Illustration1072 1986-06-25 9 ABAD LATIF - By ABAD LATIF SOUTH KOREAN politics, it might be said, is an ironical lesson in the problems of plenty. Under President Chun Doo-Hwan, the country has achieved rapid growth. But economic prosperity has also resulted in growing political aspirations, and these aspirations are1,072 words
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Article513 1986-06-25 10 THERE GOES Punjab again. In keeping with its recent history, it has managed to transform once again a solution into a problem. The solution was to hand over Chandigarh, the capital the state shares with neighbouring Haryana, to Punjab in return for the transfer of513 words
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Article, Illustration1388 1986-06-25 10 FOO CHOY PENG - Singapore feels, like the United States, that South Korea should open its market to imports. When Prime Minister Lee Kuan Yew meets President Chun Doo-Hwan in Seoul, he will raise the subject of open trade and open skies, reports FOO1,388 words
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Page 9 Advertisements
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Advertisement1516 1986-06-25 9 4- TAT LEE FINANCE LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET as at 31st December 1985 PROFIT AND LOSS ACCOUNT for the year ended 31st December 1985 SHAKE CAPITAL SHARE PREMIUM STATUTORY RESERVE GENERAL RESERVE REVENUE RESERVE Unappropriated profit TOTAL SHARE CAPITAL AND RESERVES DEFERRED TAXATION Current liabilities1,516 words
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Advertisement71 1986-06-25 9 |">]*+:+~|$-!|=']/*~/}*!))_]_-; for Living m Family Health Foods offers you a wide range of over 800 different health food supplements to complement and enrich your daily nutritional needs. They range from basic food supplements to unique and specially formulated products. We represent these premium brands from U.S.A.:esse £sscr\fif\J OaaAics allerGuard FAMILY71 words
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Page 10 Advertisements
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Advertisement180 1986-06-25 10 There are two ways to ensure a successful meeting... A 1 Meeting Onddtot SSmS''*"* 0 Use a pen. Useaphone. Call the Hilton Meeting Makers m M 1 The surest way to guarantee a successful meeting Is to pick up a phone and dial the professionals the Hilton Meeting Makers. Meeting180 words
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Advertisement18 1986-06-25 10 PMYGOLF THE SEV VY WW Tighten-up your game Let Sevvy Ballesteros show you how In BT every Tuesday.18 words
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Page 10 Miscellaneous
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Miscellaneous663 1986-06-25 10 DON'T LET TMIS PIXASPvNT SnaiLe rdol y0u.... its OULT»VPvT6D rn REALLY HFYnae? £Veßy second.. Get on umth your LOORK P\NQ LJIPG THPvT silly .OFF VOUR FRC6 y G-Eindi CRYPTIC PUZZLE ACROSS 1 Mill-stone! (6) 7 Sharp as David, perhaps, and Gary (8) 8 Like ale or a soft drink (4)663 words
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SPORTS
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Article, Illustration733 1986-06-25 11 UPI FRANCE AND ARGENTINA have emerged favourites to reach the World Cup final, but in a tournament of upsets, West Germany and Belgium cannot be ruled out. History is on the side of the Germans and Belgians, both of whom overcame indifferent early play to reachUPI; Reuter - 733 words
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Article367 1986-06-25 11 MAX COMMANDER - By MAX COMMANDER AS YOU WILL all know, Europe is full of lakes and mountains. I refer not to the scenic variety but oceans of surplus wine and towering hills of butter. This results from what is known as the Common Agricultural Policy (CAP)367 words
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371 1986-06-25 11 WALTON MORAIS - By WALTON MORAIS DEFENDING CHAMPION Eleuterio Nival of the Philippines leads a small band of foreign entries to the $15,000 Tiger Open golf championship which begins with the Pro-Am competition tomorrow. Nival, who won the title last year in a sudden-death playoff, will371 words
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Article207 1986-06-25 11 AFP FRENCH yachting expert Laurent Esquier will play a major role in New Zealand's first challenge for yachting's greatest prize, the America's Cup. Michael Fay, the chairman of the New Zealand Syndicate, said yesterday that Esquier was a "wonderful asset" who would bring muchAFP - 207 words
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Article, Illustration855 1986-06-25 11 AP MATS WILANDER and the grass courts of Wimbledon never have been a great combination. Add water and the mixture gets worse. So after slipping and sliding to a straight-set victory over Scott Davis of the United States on Centre Court, the secondAP - 855 words
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Article343 1986-06-25 11 Reuter Results of first round matches on Monday (seed numbers in brackets): Wemea's singles: Terry Phelps (US) beat Amanda Grunfeld (Britain) 6-2 6-0. Tine Scheuer-Larsen (Denmark) beat Lea Antonopolis (US) 6-2 6-4. Andrea Betzner (West Germany) beat Julie Salmon (Britain) 6-0 7-6. Isabella Demongeot (France) beat Janine ThompsonReuter - 343 words
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Page 11 Advertisements
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Advertisement12 1986-06-25 11 M a H WORLDW/DE COUR/ER Changing the way the world works. ellesse12 words
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Page 11 Miscellaneous
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Miscellaneous1175 1986-06-25 11 It fe. ****<* Mmdt Mussolini visits Hitler in Germany and, awed by German military might, starts making changes in his own army with new rules on the treatment of Jews. He is later hailed around the world for maintaining peace when he acts as arbitrator for the Munich conference with1,175 words
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INTERNATIONAL STOCKS
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269 1986-06-25 12 Reuter THE DECISION by People Express Inc, the holding company for People Ex'ptess Airlines, to put Itself up for sale is seen as an to survive fierce competition in the airline industry, analysts have "•Their expansion looked good in theory," one «aid,Reuter - 269 words
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203 1986-06-25 12 Reuter tOBKO SECURITIES Co JaMffnational Inc has ■aped Stephen Axilrod, a former top-ranking staff member of the US Federal Board, to the post 4* vice-chairman, effective afty'n. nt 3shrlier, the Fed announced from Washington ttfft Mr Axilrod, its director of monetary policy and stktffReuter - 203 words
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311 1986-06-25 12 Reuter WALL STREET retreated in moderate activity on Monday but with another cliffhanger finish as airline issues staged a late dramatic reversal. Stocks of several major carriers ended sharply higher after news that one of the discount pioneers, People Express Inc,Reuter - 311 words
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Article129 1986-06-25 12 JUNf 23 a imp Ol a A Jim IB* H Pro* Rpo hi M 43* 21* UKh AMfti 24* 42* Karr Addbon 15* 13* une*t Akyomo 15 Bark Nova ScoMo 16* Mc BhxM 39* Bar* 0» Montreal M Canada 32* 37* 29 Motion A Moore Cp 29* 34* IB*129 words
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Article219 1986-06-25 12 JUM 23 lad Tig Oon Tongoot 8000 730 125 10 •10 2000 25 556 WooMm ***** MOUSTUALS A Afcho Abarcom AMI 940 240 1200 15 10 100 MM «NGS 4750 25 Amaprap A/MC 410 3925 5 25 Buttafc 1950 8130 uidt •600 1810 10 1575 C G SmNh 2725219 words
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Article607 1986-06-25 12 JUNf 23 U» Alcan Afcanin Alcoa lAfc® M AM Sig AM Slam AfcChotivn Am Brandt he Am Can Co Am Cranarmd Am Eloc Pw Am Expr«w Am Ham* Prod Am Motor* Cp Am T«i T«L Amax kv Amarado Hm Amoco Corp Amr Corp Amtco feic Asarco he AH607 words
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Article624 1986-06-25 12 Amsterdam JUNf 23 Hi AM 581 SO Aan 111 00 +05 AhoM 89 20 +09 Afcio 168.00 0 4 jij mi j 193.00 +0.6 AMEV 81 00 +0.3 Aim 106 40 -0 2 Ah Stod 129.50 41 50 .13 Boramt 864 00 -II Buahrman TtWodi i... 1(2.00 inch624 words
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Article148 1986-06-25 12 Reuter THE US Supreme Court is to intervene In the longrunning legal battle between Pennzoil and Texaco, as the justices aid they would review a ruling that Texaco need only poet a US$l billion bond while it aDoe&ls The court has agreed to hear aReuter - 148 words
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Page 12 Advertisements
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Advertisement548 1986-06-25 12 u Wfrei* id wim, «uia ealertala Hi /r=s> r Cf% Sedafe! C o >: 1 11 .*>lll i Mf A V w*h a delicious spread of c*rr twenty delightful dishes and desserts) Lunch: 12 to 2.30 pm (every Wed) at Terrace Garden Coffee House r n iy 181 Kitchener Road,548 words
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Advertisement167 1986-06-25 12 Sunday family attraction Only $150 or $180 for a table of 10. Two grand 8-course menus for a delightful lunch or dinner treat for the family. Weekday fare (Lunch only) Only $60 for four persons or $90 for six persons. ($l5 for extra person). Two splendid menus for busy executives167 words
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ASIAN STOCKS
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Article313 1986-06-25 13 HONGKONG: Share prices yesterday closed lower under a late round of selling in largely quiet and dull trading. The Hang Seng Index lost 13.25 points to 1,763.90 and the Hongkong Index fell 7.45 to 1,101.32. Turnover was a sluggish HK5231.47 million compared with HKf266 million on Monday. Brokers said313 words
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Article225 1986-06-25 13 KT Koto 27.90 Al Snctra Ma Aaao Camant ....2.12 25.90 32.00 0.02 ♦0.3 ♦0.3 Kuochan Do* Laa Chang Yuan Cham Mm 23.00 33.80 12.70 unch -1 +02 Chang Hwo Bank Chang Loong CMoTWn Camant Om Hrin Hour 44.40 25.20 -02 +0.2 Nan Ya Pfc» 37.80 77 nn +3.8 >0225 words
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Article451 1986-06-25 13 TOKYO: Prices yesterday lost ground on widespread profittaking in the forerunners of lowpriced large asset shares due to worries about the high prices after four consecutive closing record highs. The market average fell 115.49 to finish at 17,342.40, after gaining 3.03 the day before in heavy trading on a451 words
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Article94 1986-06-25 13 JUNE 24 Won -10 +20 -35 -45 +296 -35 +70 -58 +20 Kongo on Ind KIA Motor Koton M 1320 1969 2180 -20 •71 -60 Doafen Ind Doawoo Corp Docwoo Haovy Deng Ah Phor Dongbu Steal Dong Soh Stock 560 1165 1480 1206 1580 1300 1830 Korao Long-Tarm Lucky94 words
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Article351 1986-06-25 13 SYDNEY: Australian share markets yesterday closed easier in patchy trading, dragged down by losses in BHP and a weakening industrial sector. At the close, the All Ordinaries Index had eased 8.9 points to 1,205.9, the All Industrials Index 10.0 to 1,932.8 and the All Re- sources 8.1 points to351 words
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Article167 1986-06-25 13 BANGKOK: The Securities Exchange of Thailand Index yesterday improved 0.15 to 128.88. Turnover amounted to 232,589 shares valued at 37.7 million baht. The Manila market wae closed yeeterday. JUNE 24 MM Saho Union 1 113 unch Siam Camanf I 487 4 Ao Kham That Sam Gftzarv (tap Aaio fibr»167 words
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140 1986-06-25 13 Reuter THE National Companies and Securities Commission (NCSC) has said proceedings would not be warranted against any parties involved in an arbitrage play that contributed to a 41.9-point drop to 1,126.2 in the Australian All Ordinaries Index on March 26. The NCSC began investigationsReuter - 140 words
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Article88 1986-06-25 13 Reuter BOEING CO has Informed Japan Air Lines that it plans to make design changes to its Boeing 7475. A JAL spokesman said Boeing was expected to give a formal notice of the design changes shortly to all users of the aircraft. He said the changesReuter - 88 words
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Article40 1986-06-25 13 Reuter DU PONT Co had applied to the Tokyo Stock Exchange for a listing of its shares, Daiwa Securities Co said as listing agency. The US chemical/oil major is expected to be listed early in October. ReuterReuter - 40 words
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291 1986-06-25 13 Reuter A MASS MEETING of mine workers at Broken Hill voted not to make any concessions in their work practices dispute with the major lead-zinc-silver mining companies, company officials said yesterday. Compromise proposals discussed in the New South WalesReuter - 291 words
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204 1986-06-25 13 AFP TALKS between San Miguel Corp (SMC) and Anheuser Busch over the sale of an SMC brewery In Hongkong have fallen through. San Miguel, a Filipino multinational company, yesterday said in Manila that it had set a price of US$l7O millionAFP - 204 words
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132 1986-06-25 13 Reuter THE VICTORIAN Supreme Court has refused to order Ad International Ltd to register 19 idflM ACI shares held by Equitieerp Tasman Ltd (ETL) unit EquitMM Industries Ltd. The judge ruled that ACflgi collect in treating dustries as a foreign companyJfc causeReuter - 132 words
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Page 13 Advertisements
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Advertisement494 1986-06-25 13 m m *K in* 9 *9* Rendezvous in the Park Cafe in the Park. On green, exclusive Nassim Hill. Discover international and local favourites done to perfectton. Prawn Mee Nasi Goreng. Prawn curry. Rahmschnitzel. Hainanese Chicken Rice. Plus a whole lot more. All in our a la carte menu. Ample494 words
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Advertisement154 1986-06-25 13 i\v V 2 Um Baits Niihttf spm- 1 am (Monday-FrMfe Sunday) spm 2am (Sat ava public holiday) HAPPY HOURS spm 7pm (Dally) M If 8 a raal happy time! Just buy a drink and get the second FREE (except premium brands) Wmm Well known band BH CAIRN HILL TRIO with154 words
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RAW MATERIALS
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Article531 1986-06-25 14 jSaudi state company breaks with tradition Reuter PfftROMIN, Saudi Arabia's state oil* company, has broken tradition anfcis competing in the open marked to sell some of its refined oil products. ■The Saudis had usually sold erode oil and oil products cm a contract basis orReuter - 531 words
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Article93 1986-06-25 14 Reuter MALAYSIAN tin exports fell to 2,964 tonnes in April from 2,903 in March and 4,847 in April 1985. Statistics Department figures showed January/April exports totalled 13,518 tonnes against 13,243 in the same period last year. April output fell to 2,340 tonnes from 2,49 in MarchReuter - 93 words
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Article326 1986-06-25 14 FT FOOD PRODUCTION in sub-Saha-ra Africa has recovered well after the 1964 drought, leaving 12 countries with surplus grain harvests available for redistribution. According to the Food A Agricultural Organisation's latest report on the food supply situation and crop prospects for the region, only six countriesFT - 326 words
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210 1986-06-25 14 Reuter AUSTRALIAN sugar output is expected to fall to about 3.10 million to 3.15 million tonnes of 94 net titre raws in the 1966 season (June/ January) against 3.38 million in 1965 due to a lower cane crop. Industry sources in Brisbane said theReuter - 210 words
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Article145 1986-06-25 14 Chines# Product Robusta 20/25% Exchange Sellers' noon doling pi June 24 (S$/100 kg). FOB NSW 479.00 rices on Nutmeg 110 FOB NSW 1355.00 Coconut oil BWP FOB NSW 1256 00 Buk FOB 48 00 Gambier Otd drum FOB New drum FOB 61.00 65 00 FOB NSW 330 00145 words
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Article636 1986-06-25 14 COFFEE Robusta extended Monday's morning declines during mostly routine afternoon trading, ending at the day's lows with losses from last Friday of £53 to £59 a tonne. Physical activity was also subdued, with little sign at offtake improving. September futures traded last at the day's low of £1,820636 words
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Article109 1986-06-25 14 TIN PRICE sa the Kaala l—pg Tla Market wu uekugel yesterday at M$14.f7 per frsm M—day, ne to lack sf Overseas traders, parttealarly Earspeaa, were abseat ss they preferred to trade ea the Earspeaa free narket, wkiek was still at a dtoesaat ever the KLTM, dealers said. light109 words
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Article193 1986-06-25 14 WHEAT FUTURES on the Chicago Board of Trade closed up 3V« to IV* US cents on a steady note on Monday, with July settling near the top of a 6Vi -cent range at U552.49 V*. Recent export business and yesterday's Egyptian tender supported nearby values. The numerous PL--480 and193 words
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Article65 1986-06-25 14 Bangkok (US*/to«M. FOB) Whit* Rice 100% 1st class 250 100% 2nd class 220 100% 3rd class 215 5% 205 10% 200 15% 195 20% 185 25% 175 35% 170 Broken Rice A-l Super 118 A-l Spectol 115 C-l Special unq C-l Od unq Loonzoin Rice 100% 1st grod* 100%65 words
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Article302 1986-06-25 14 BMGAPORE The market closed slightly higher yesterday with July One RSS buyers quoted at 173J0 cents per kg, up one cent from Monday. The morning session gained 0.75 cent on fresh buying and covering of the July position in quiet trading. Prices gained further ground in moderate afternoon trading302 words
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Article225 1986-06-25 14 RAS prices S cwito/kg, FOi m b Nw NOON Int 1 RSS Prompt 174.00 175.00N 174.00 175.00N Int 1 RSS July 86 173.50 174.50 173.50 174 00 int 1 RSS Aug 86 172.75 173.25 172.50 173.00 Int 2 RSS O r 171.00 173.00N 171.00 I73.00N Int 3225 words
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Article85 1986-06-25 14 (cents/kg, 1-ton DOlWU) JULY 86 AUGUST 86 (cur ran it montfi) (forwon 1 month) NOON NOON RAS B«fan 5ttttn B«ycn Sdoft SSR 20 159.50 161.50N 160.00 162.00N SSR SO 156 50 158.50N 157.00 159.00N MRELB Silin 1^,,, -M SMR CV 224.00 226.00N 225.00 227.00N SMR L 22385 words
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Article193 1986-06-25 14 MALAYSIAN crude palm oil prices closed lower yesterday on further selling and buyer reserve, dampened by the fall in palm oil futures and a weaker Chicago soyoil futures close on Monday night. Trading was again light as operators remained reluctant to take up fresh positions amid lack of193 words
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Article222 1986-06-25 14 SOYBEAN FUTURES on the Chicago Board of Trade closed on or near the lows on Monday, off IVi to 5V4 US cents per bushel in moderately light trade. July settled at USSS.32V« after being held to a narrow two-cent range on the day. Generally good to excellent crop development222 words
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Page 14 Advertisements
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Advertisement791 1986-06-25 14 SECURITY FACMC CORPORATION AND SUBSIDIARIES (PMNCPAL SUBSUIARY; SECURITY PAOFIC NATIONAL BANK, 21 Colyer Quay #09-00. Sinfapore 0104) Consolidated Balance Sheet Consolidated Statement of Earnings Yeor Ended December 31, deposits in domestic offices Jnterest/checking deposits in <«-- domestic offices Insured money market accounts in >' domestic offices Other savings deposits in791 words
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SHARE INFRORMATION
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Article, Illustration4138 1986-06-25 15 SHARE PRICES on the Singapore stock market ended lower yesterday as investors decided to take profits on stocks which had run up quite sharply during the rally. But brokers quickly pointed out that although some players turned cautious, the undertone of the market4,138 words
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Article245 1986-06-25 15 SINGAPORE Ri T„ CCM 990 +34 >T Cin>MiH 699 55 647* ",-1 630 +30 rMcM. **********6759® C 1 106 +25 8T08/0S +4*5 3» M CaMat 360 +18 STCAW -6291 -6359 kkiM 1« +15 «T08V -***** -***** NST 464 +14 STh.6a 776.69 765 73 Sal Dr*4a 50* 45245 words
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Article4371 1986-06-25 15 SECTION ONE INDUSTtIAL COMMERCIAL Acrno (1 288) (3) 132 (8) 1 30XD Amol Steel 50« (0.978 0 98S) (37) 1 05 (4) I 06 (46) 1 04 (33) I 03 (25) 1.01 (19) 1.00 (10) 1 02 (14) 0 99* (21) 099 (3) 0.99* (36)4,371 words
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COMPANY NEWS
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326 1986-06-25 16 PROFIT-TAKERS dominated trading at the Kuala Lumpur stock market yesterday and share prices retreated over a wide front. Overnight gains proved Hoo sharp. Coupled with the Unround covered last Fri«iay, gains were tempting Jfend profit-taking, though qnt unexpected, surfaced. While bulls took a -Jbreather, sellers326 words
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Article2961 1986-06-25 16 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. HXJS TRIALS AMD (3 foe 318S) (4) 310 (2) 3202,961 words
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Article39 1986-06-25 16 CHEMICAL INDU3TBIEB (Far Eaat) Limited: 22nd AGM at 52 Jalan Borah, Singapore 2261 today at WML MALAYSIAN BE80UBCE8 COPBOBAIION Birki: 15th AGM at the Penthouse, Resource House, 10, Jalan Raja Laut, ***** Kuala Lumpur today at 11am.39 words
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221 1986-06-25 17 MBT THE PROPOSED Code on Takeovers and Mergers in Malaysia will be submitted to Trade and Industry Minister Tengku Razaleigh Hamzah by tomorrow for his approval, according to the chairman of the Takeovers and Mergers Panel, Raja Tan Sri Mohar. AtMBT - 221 words
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Article128 1986-06-25 17 RISING share prices have prompted two bodies to hold separate talks on the outlook for the local equity market. The Singapore Technical Analysts A Traders Society (STATS) will hold its usual monthly session this Friday at the OCBC Executive Club. The speaker, Julian Reid, investment director128 words
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Article463 1986-06-25 17 HOMER CHEN - Former Pegi director and three others also named By HOMER CHEN GINEER INVESTMENTS Pte Ltd, the controlling shareholder of Malaya Tin Printing Co Ltd, former Pegi director Sit Chee Kin, and three others are being sued by two banks for a total Singapore dollar equivalent463 words
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554 1986-06-25 17 PROPERTY and construction group IGB Corp Bhd has made a profit of M 95.23 million from the sale of most of its stake in MCB Holdings Bhd to a son of the Sultan of Selangor. In a note to its554 words
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Article170 1986-06-25 17 LEE 01 HIAN has resigned as a director of Daft Develepmeat BM with effect from June 18. CHEMICAL INDUSTRIES (Malaysia) HeMlags BM is proposing to change its name to Hexza Corporation Bhd. This is to avoid confusion as there are other companies with similar names. AUSTRAL Amalgamated Ha170 words
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Article145 1986-06-25 17 A LOSS of market share, coupled with a downgrading of some of its lowerpriced products caused Malayriaa Takaeea Company Bkd to report lower profits for the half year ending March 31, 1986. Group pre-tax profits fell 41.2 per cent from M 562.4 million to M 536.7 million, on145 words
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Article, Illustration457 1986-06-25 17 AMY CHEOK - By AMY CHEOK VAN DER HORST (VDH) has ended speculation that it is involved in the deposit of $4.5 million which its parent, Malaya Tin Printing Company (MTP), had placed in an escrow account with stockbrokers City Securities (Pte). "MTP's million457 words
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Article104 1986-06-25 17 HONGKONG Hongkong Indox Tuesday 1101.32 Monday 1106.77 Week ago 1113.77 Hong Song Indox Tuesday 1763.90 Monday 1777.15 Wt«k ago 1789.34 AH Industrials Tuesday 1932.8 Monday 1942.8 Week ago 1904.6 NEW YORK Dow Jonns Monday 1864.26 Friday 1879.54 Week ago 1871.77 TOKYO Nikkoi Avorogo Tuesday *****.40 Monday ***** 89*104 words
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Article256 1986-06-25 17 Monogers' priccs foe Jum 25 Singapore Unit Trust Th« Commerce 0 87* 0 92* The Savngi Fund 0.77 0.82 S'pore Prog Fund 0.37 0.39 S'pore Sec Fund 0 62 0.67 S'porc Invest Fund 0.56 0.61 S'pore Equity Fund 0 43 0.46 Asia Unit Trust Mat Invest Fund 1.26256 words
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Article819 1986-06-25 17 EQUITY PRICES yesterday extended Monday's falls at the outset in fairly quiet trading on a lack of institutional interest and following the lower close on Wall Street overnight. At 0615 GMT, the FTSE 100 share index was down 1.2 points at 1,621.6. Dealers also noted that many operators819 words
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Page 16 Advertisements
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Advertisement1073 1986-06-25 16 Standard Chartered Standard Chartered Finance Ltd. (incorporated in the Republic of Singapore). Wholly owned subsidiary of Standard Chartered Bank BALANCE SHEET AS AT JIOT DECEMBER, MM Deposits tram customers due within one year Deposits due to a related company Loan payable due within one year Accrued interest payable, sundry creditors1,073 words
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Advertisement282 1986-06-25 16 r o Malaysian Tobacco Company Berhad PROFIT AND DIVIDEND ANNOUNCEMENT The Board of Directors announce the following unaudited results for the first half year to 31st March 1986. Turnover Company Company's Share of Associated Companies' Turnover Operating Profit Investment Other Income Share of Profit of Associated Companies PROFIT BEFORE TAX282 words
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Page 17 Advertisements
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Advertisement324 1986-06-25 17 Kfc i i -i Tf 9 9 A i COMPANIES ACT, CAP. Ml AMD Jrtr.T.'/.Vn!,' PTE LTD At an extraordinary General Meeting of SELLFAR INTERNATIONAL PTE LTD duly convened and held at Block 3019, Kampong Übi Industrial Estate, #42-103 Übl Road Avenue 1, Singapore 1438, 15th day of June 1986,324 words
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Advertisement235 1986-06-25 17 Mediplan International SOS Assistance brings together the experience and expertise of the world's two foremost medical services organisations Britain's Mediplan International PLC and America's International SOS Assistance Inc. Through Mediplan International PLC, we commission feasibility studies, arrange for recruitment and training of medical staff, design and set up portable first235 words
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454 1986-06-25 18 IN ITS MISSION, the Business Enterprise Committee (BEC) uncovered red tape wrapped around swimming pools, food outlets, the property and building industries, port users, electricity surcharges and tax deductions for voluntary CPF contributions. Thanks to the BEC, the timber industry may not need454 words
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Article87 1986-06-25 18 UPI JAPAN'S gross national product dropped by 0.5 per cent in the first quarter of 1966, the government said yesterday. It was the first quarterly decline in 11 years and a sign that the rising yen had slowed the Japanese economic powerhouse. Finance officials declinedUPI - 87 words
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293 1986-06-25 18 NYT AT THE REQUEST of the US, World Bank directors have postponed until tomorrow their vote on a US$5OO million loan to improve the efficiency of Brazilian soybean farmers and other food producers. The loan is bitterly opposed by US farmersNYT - 293 words
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Article86 1986-06-25 18 UPI AS ITS ambitious space pro- < gramme gathered momentum, J China yesterday unveiled plans to launch newly developed com- 1 munications, meteorological and earth resources satellites. Min Guirong, the president of the Chinese Academy of Space Technology in Beijing, said that the country's newest satellitesUPI - 86 words
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Article, Illustration438 1986-06-25 18 BRIAN GOMEZ - Singapore negotiators in Washington, says Shultz By BRIAN GOMEZ TALKS WHICH MAY lead to a formal agreement on the transfer of sensitive technology between Singapore and the US are now taking place in Washington. This was revealed here yesterday by the visiting US438 words
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Article138 1986-06-25 18 THE US NUCLEAR weapons capability "is a very important force for stability in this part of the world and elsewhere", US Secretary of State George Shultz said yesterday. Rather than attempting to create nuclear-free zones, he said: "What you want to prohibit is a nuclear weapon138 words
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Article457 1986-06-25 18 FINANCE MINISTER Dr Richard Hu has urged Japanese companies to consider listing their shares on the Stock Exchange of Singapore and to set up overseas investment offices in the Republic. "Japanese companies, especially those with substantial markets in South-east Asia, might consider listing their shares457 words
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Article, Illustration397 1986-06-25 18 ALVIN TAY - ALVIN TAY NATIONAL FLAG CARRIER Neptune Orient Lines will raise $50 million wrath of financing capital through its second batch of 5,000 redeemable cumulative preference shares. The agreement, which is scheduled to be signed on July 1, will bring the group's397 words
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Article283 1986-06-25 18 FOREIGN MINISTERS of Asean have signed an agreement providing for the sharing of petroleum in times of shortage. In times of oversupply, Asean countries would buy from their oil-producing members. They also signed an agreement calling for the Asean countries Singapore, Malaysia, Indonesia, Thailand, the Philippines283 words
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234 1986-06-25 18 Reuter, UPI PRESIDENT JUNIUS Jayewardene has admitted that Sri Lanka is buying arms from Israel and Pakistan to fight Tamil rebels and has challenged India to reveal the source of guerilla arms supplies. Reacting sharply to a charge by the Indian External AffairsReuter,; UPI - 234 words
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Article350 1986-06-25 18 LOW COMMODITY prices represented a deep problem for many developing countries, US Secretary of State George Shultz acknowledged yesterday. "Manufacturing that has traditionally contained these commodities is changing. You are seeing a change in the structure of demand for many commodities and no doubt this has something350 words
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Article80 1986-06-25 18 Reuter COMEX GOLD FUTURES gained nearly US$2.OO on active buying yesterday morning, with the USDA's report on Monday of a deep cut in the US bog herd spurring Inflation expectations. Gold for delivery in August Jumped US$l.9O to U*****.20 an ounce. Analysts said the government report that USReuter - 80 words
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Article59 1986-06-25 18 Reuter WALL STREET stocks turned mixed in early trading yesterday, with closely watched averages continuing the decline of the previous session. Analysts said investors are concerned that upcoming earnings reports will reflect a sluggish economy. The Dow Jones Industrial Average fell five points to 1859. Advances hadReuter - 59 words
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LATE FILE
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Article64 1986-06-25 18 Reuter SAUDI ARABIA'S King Fahd has called on Opec to limit its total output to 16 million barrels per day in an effort to boost gradually world oil prices. He called for "an agreement of a production balance and the implementation of an OpecReuter - 64 words
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Article53 1986-06-25 18 Bernama INDONESIA has decided to connect Sumatra, Java and Bali with either tunnels or bridges. Research and Technology Minister B J Habibiesaid yesterday that a feasibility study would be undertaken with Japan's cooperation because it had experience in the construction of tunnels and bridges toBernama - 53 words
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Article39 1986-06-25 18 Reuter THE BANNED African National Congress yesterday that its president, Oliver Tambo, would take up an invitation to meet a British minister but pledged to continue its armed struggle against the South African government. ReuterReuter - 39 words
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71 1986-06-25 18 Reuter AN AMERICAN casino operator in Sydney has Joined forces with an Australian construction company to build and run what they claim will be the world's largest casino. The New South Wales state government yesterday announced that it had accepted a US$46B million tender byReuter - 71 words
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Article28 1986-06-25 18 Reuter THE AUSTRALIAN Associated Press has transferred its South-east Asian reporting bureau from Indonesia to the Philippines following Jakarta's crackdown on the Australian media. ReuterReuter - 28 words
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Article49 1986-06-25 18 UPI SOUTH KOREA and the US yesterday agreed on "an early conclusion" of their pending trade issues, including Seoul's protection of foreign intellectual property rights. Hie agreement was contained in a 14-point Joint press release summarising two days of economic consultations. UPIUPI - 49 words
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Page 18 Advertisements
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Advertisement173 1986-06-25 18 The new closeness in 1 -2-3 dimensions. By Braun. The new Braun system 1 -2-3 now makes shaving even more comfortable, faster, smoother, closer It is just perfect the way the slim housing fits in your hand The way you can hold it and move it, especially in the difficult173 words
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Page 18 Miscellaneous
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Miscellaneous54 1986-06-25 18 Outlook for todoy: Foir, with showon over o few areos in the Report for 24 hours prior to 7.30pm on June 24 at the airport: Maximum temperature 32.4 Associated humidity 66 Minimum temperature 27.1 Associated humidity 90 Hours of sunshine 7.50 Rainfall in millimetres nil Roinfotl this month 75.0 Roiny54 words
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SHIPPING TIMES
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154 1986-06-25 19 Reuter IRAN'S main state-owned insurer has deposited US$lOO million with a British bank to cover claims on its new lowcost war insurance policies for shipping, the national news agency IRNA said. IRNA said the figure was US$lOO million, not US$l2.5 million as the IranReuter - 154 words
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453 1986-06-25 19 LINDA CHEE - The two-year license agreement will start in July By LINDA CHEE CONVOY Intercontinental Transport is gearing up for its role as sole operator of the Trans-Siberian container route via Vostochny to points in the Middle East and Europe. Its two-year license453 words
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184 1986-06-25 19 Reuter KURUSHIMA Dockyard Co Lid's major creditor banks have lent it some eight billion yen to help the yard overcome cash now problems, banking sources said. The loans are oart of about 30 billion yen which the five major creditor banks have agreedReuter - 184 words
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247 1986-06-25 19 Lloyd's List A WARNING THAT the tanker freight market rate recovery cannot last much longer has come from the International Association of Independent Tanker Owners (Intertanko). It adds that the expected build-up of large tonnage in the Persian Gulf will have a negative effectLloyd's List - 247 words
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PORT SIDES
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Article84 1986-06-25 19 SHIPPING LINES transporting bulk cargoes between Korea and Japan which habitually give rebates will have their licences revoked by the Korea Maritime and Port Administration. The decision follows an appeal by the Korea-Ja-pan Transport Council to the government to enforce stronger administrative discipline. Some of the84 words
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Article60 1986-06-25 19 THE PORT OF San Diego has broadened the agency coverage of Jardine Matheson to the whole of the Far East. Prior to this, Jardine Shipping Agencies, a division of the Hongkong trading and steamship agency company, only represented the port in Hongkong and China. The list60 words
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Article1353 1986-06-25 20 THE GRAIN SECTOR of the freight market on Monday was slightly more active with increased fixing seen out of the US at fairly steady rates but chartering has otherwise been mainly confined to the timecharter section, ship brokers said. An unchanged $8.50 was paid for grain from the1,353 words
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1330 1986-06-25 20 Seatrade ALL THE hallmarks of the classic who dunnit? were there: mystery, motive and suspicion. The mystery: where would an investor, in the light of the shipping industry's present slump, be found brave or foolish enough to invest in HK's debt-ridden CH Tung Group?Seatrade - 1,330 words
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Article, Illustration310 1986-06-25 20 TO DEMONSTRATE the unusually smooth cargo ride of its dou-ble-stacked container trains, American President Companies has transported an uncrated dining room table, set with crystal, china and silverware, from Los Angeles to the New York area via Chicago in a 45-ft container. Although310 words
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Article875 1986-06-25 20 AB Shpg V 5 Accord Shpg VI 3 Afea Line VI 3 Ahrenkiel Liner X 1 AC Toepfer X 5 Anro Service IV 3/4 Aqua Lines IX 4 Arrow Lines X 4 Atlas Line X 3 ANL 1 1/2 APC Line V 4 APL III 2/3 ASCL875 words
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235 1986-06-25 20 THE HONGKONG Ports Committee has approved a planned HK$2OO million computerised system to improve the safety of Hongkong harbour, a Hongkong newspaper reported. The scheme will have to be approved by the Legislative Council Finance Committee. If the scheme clears this hurdle at235 words
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Article178 1986-06-25 21 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" T .in» Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container178 words
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402 1986-06-25 21 Lloyd's List A GROUP OF five banks has rallied behind Hongkong's beleaguered Tung Shipping Group by increasing loans to US$275 million and pledging payment guarantees for the 12 sups on order from Japanese yards. The banks have agreed that if Tung fails toLloyd's List - 402 words
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342 1986-06-25 21 Kinglsey Wood - Kinglsey Wood THE DEVELOPMENT of a competitive Australian shipping industry in international trades is being held back by institutional rigidities, according to Australian National Line chairman Mr Bill Bolitho. The manning structure of ships, work practices and productivity of the crews reflected at342 words
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Article149 1986-06-25 21 A LINER SERVICE linking North Europe, South Pacific Islands, Australia and New Guinea will be started by Hyundai Merchant Marine. Seven 28,000-dwt vessels, with a container capacity of 900 TEUs, will offer one sailing every three weeks, beginning from Australia in mid-August. Founded in 1976, Hyundai149 words
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269 1986-06-25 21 Reuter A PHILIPPINES-owned tanker laden with Saudi Arabian oil was hit in an apparent Iranian air attack on Monday near the Strait of Hormuz at the mouth of the Gulf, shipping sources said. They said one crewman was reported killed in the attackReuter - 269 words
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Article767 1986-06-25 21 AFP PERSISTENTLY poor demand on key grain, coal and iron ore trading routes saw the earning potential < of medium size bulk carriers weaken further over the past week on the freight market. Business remained at an extremely low ebb with little prospect of an upturn in eitherAFP - 767 words
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Article5108 1986-06-25 22 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. Advanced dates are published at a5,108 words
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Article841 1986-06-25 27 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movamant Ship Voy date/time Operator cargo achadula Location B Melor 262 25.5.86 2100 Leo Shpg F1 1100-1300 V2 Sea Hawk 8626 25.6.86 0030 Eastern M F7 1430-1630 L6 K Jacejin 34W 26.6 86 0100841 words
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Article603 1986-06-25 27 AT CONVENTIONAL WHARVES MARINA WHARVES Lestari M1A Putri Mawar M2A alongside alonaside 25.68 25.6 8 6/2300 VMM Berth Arrival 1 DsDarture Hong Soon M3B ide 25 6 8 6/0600 Batam Mulia M1B °5 > 6^ 6/09C *6 1800 KEPPEL WHARVE8 Khanh Hoi 1 nnasa M2B M4A ||1603 words
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Page 19 Advertisements
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Advertisement649 1986-06-25 19 1 I'! il H! s ,>• *"*!?.kVno(» Bd UOI3 3I 7T OOCL Ongßfi OVEHgEAS 6Wfi*Wl IINE STRAITS EUROPE EXFRfSS SERVICE MM WW MBKCS <*«. 2428 M/ 00N) 70 SkMtM Way #04-03 Mm Ham Smpfort 0207 TM *****11 IHIX NO IB ***** CFS OffXt TPC #03-029 T# *****31 mi 2220(32 Tcrmm#649 words
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Advertisement65 1986-06-25 19 mm ALL THE hallmarks of the dossk who dunnit? were there. Mystery, motive ond suspicion surround Henry Fok's investment in Tung Group. Pag* II A GROUP OF five bonks has rallied behind Hongkong's beleaguered Tung Shipping Group by increasing loans to US$275 million. P«g« 111 Index to odvertisers H Shipping65 words
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Advertisement537 1986-06-25 19 -A: V THE HEART OF THE 1 ik FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM 9 DAYS SINGAPORE/BAHRAIN 10 DAYS_ SINGAPORE/KUWAIT —11 DAYM 1 IJJM 23E2DEH Vhml Voy IS* pore •CT 30/4 isil® cn 8/4 23MMB *SMPP»I Omm Taa "CT 24/t 1(00 «s CFS 8/1 MM MB T537 words
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Page 20 Advertisements
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Advertisement262 1986-06-25 20 YAMASHITA-SHINNIHON LINE TRANS-P ACIFfC SERVICES STRAITS FEEDER Atlantic/Canada Faadar at Nagoya lUALBI IBM 11, mnnm Ml 'iMI liM I l Ml >i■ I 'IMB TTMrai yuml I m\<jimiVftmtyn, i ii'iT-'IMI'M rnuwtmottttb■ 'Lm i Brin i i icni mi■ ■EB P9 WJiM im~BB ILV* i MCiyMßfl LCL Cargo for USA Porta.262 words
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Advertisement135 1986-06-25 20 Supercarrier Service TO: PANAMA US WC/EC/&ULF E. CANADA AMERICA cantn tar Hastai (U), S hmaa, (MM SMIa and im Uaft lit L taptn. CtoMa m U+. Amtoa. Curacao Bndfetown. Ptxhpstairt Port at Spun Hamilton Mpton St Jotw, Basse Tort. Castries Fort de France. Pont A Pitre, Part an Prince I135 words
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Page 21 Advertisements
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Advertisement869 1986-06-25 21 The Straits Steamship Group STRAITS SHIPPING Singapore to Ssbsh, Sarawak, Brunei Ports and Bangkok QCL Overseas Containers Limited CONTAINEDSHIP SERVICE TO UK/CONTINENT rpn ri*n 27/1 n/t jmc mm Z7/c n/t NOMKOKEVKS M/ 7 an or edmukh m/ 7 m/ 7 FMMFMTEVKSS 12/7 13/7 ranoEvns nn 21/7 OTANO MM 21/7 M/869 words
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Advertisement429 1986-06-25 21 ~r <W t r, n, h =1 if Hr/ti.in Air? rn I Franco Belgian Services 3 bou (MEMBER OF ACE CONSORTIUM) i <i i CHARGEURS HAVRAISE MEDEX LINE I (MEB CLUB MEMBER) rV": '11-ui-JJJJJ a M 77 M 31 M flu II *-C 15 M CHARGEURS REUNiS f Optorg Shipping429 words
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Page 22 Advertisements
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Advertisement399 1986-06-25 22 1 Hapag-Lloyd TO CONTINENT/UK EXPORTS FROM N CONTINENT &UK IMPORTS nmlta Utaw« S'ter If* S'pwt Fradriart Eiprets Sd Tdn Eifmi ad Kitjan Ksa LjvofMl BIT Express Kwrim Bay City ft EMw{k FraAtart Eiprns Canaan Bay sid s« ad 3d Sd 3d 3d Sd std SU Sd 9d 24/4 30/6 1/7399 words
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Advertisement146 1986-06-25 22 FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ 1 Member ot the Ace Consortium uptuk curm 35m Kami awn zm Sf*W S£AS BMW 56* 14/7 15/7 17/7 19/7 22/7 21/7 22/7 24/7 26/7 29/7 2S/7 29/7 31/7 2/1 5/8 4/1 5/8 7/1- 9/8 12/1 FROM EUROPE VIA SUEZ 1 A Member146 words
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Advertisement640 1986-06-25 22 £ff Hai Sun Hup Co (Pte) I id TEL *****06 (20 Lines) TLX RS ***** F RS ***** j_JL I \S 11 R\ C \K I IM K. Ill) SPECIALIST IN RO-R0 HEAVY UFTS SERVICES mEEQEEI FROM JAPAN Vmml S part KadM| u SOU HAGOYA MO 27 km SaM <P*taP«rt)640 words
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Advertisement478 1986-06-25 22 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPT9K CM6O TO: 1) rtowxna ikwarx uvmmah. roston pnuklpma. wnou mcksonwie MJMCTON. —MM. ETC 2) ATLANTA. CMCAfiO. OETROn. CHMMM 4 OTTO MUM HTMMMg OESTRMTKMS 3) CUSTOM! MUM PANAAM CfTT, COION. SM MM m Orleans. Houston hum cmacao m kmgst 4) MONTKEAL.478 words
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Advertisement217 1986-06-25 22 US I NOSE MARITIME PTE LTD ESI ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC STORE FX** Ua*|far Sun Ftores 1/7 l*. Onbay, Hwra Ratad Oceania Cowief 12/7 Nrt L*. [ufi SUN UNION LINE TAIYO MARINE LINE WEST AUSTRALIA SERVICE VSt PT.KELANG217 words
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Page 23 Advertisements
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Advertisement643 1986-06-25 23 PACIFIC INTERNATIONAL LINES \w\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE SIN JKT MY SIN HKG KAO *TCM KEE BUS 'MUR *HTC YOK KO» KEE 29/6 1/7 3/7 3/7 10/7 12/7 13/7 U/7 13/7 It/7 21/7 22/7 23/7 23/7 ~<7 14/7 u/7 M/643 words
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Advertisement744 1986-06-25 23 BEN LINE CONTAINERS TO UK/CONTMENT MM rm«OI MMM l(/t 17/1 19/1 20/1 n l(/9 17/9 19/9 20/9 EXPRESS CONTMO SERVICE FROM UK/COHTMWT mm bkaknr-dam name sum pjilans stom rat FraMM Eiprtu SaM bM W UtH SM a/I 29/6 MK. MM Talua Eiprtn SM SM W W VI 9/7 MM Mm744 words
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Advertisement424 1986-06-25 23 DJASAGETRI A Joint Europe Service Of. P.T. DJAKARTA LLOYD P.T. SESURI LLOYD SAMUDERA INDONESIA P.T. THKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE S>n Ldi NATARAir Yl5-WB 27-29/0 24/7 fMXMBANG' V5-NB 3-5/7 Um/U* Hante(/BrMMi 27/7 31/7 31/7 3/1 HO" VI7-M U-K/7 4/4 STOK HOC hut AT mm a-x/7 STOK424 words
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Advertisement409 1986-06-25 23 BOUSTEAD SHIPPING AGENCIES m "BASSQN V7I PMN W7W PAGAN VIOOW KTOCTM BURMA FIVE STAR (Burmese National Line) Loadnf for Ranfoon Spar* Plata* Nwi Ba*ak 27/24 km 24/34 km 2/4 M 4/1 M 1/3 M 5/7 M BANK LINE EMUESS sem-contah BBMM TO it VOK HMD FVYBANK VIM 4/7 31/7 FORTHBAM409 words
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Page 24 Advertisements
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Advertisement1063 1986-06-25 24 USA CANADA >TL«mC COAST (Round Th* World Swvico) 0. KNGHT V 27 N GARNET V 4 0. FREEDOM V 9 FM. BMDGE V23/G.M. BMDGE VI K KAWASAKI KISEN KAISHA, LTD. PACIFIC COAST FEEDER VS. N GARKT *4 ASM STAR V 49 30 Ml 1 JUL 2U 4 JUL. EUROPE (VIA1,063 words
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Advertisement759 1986-06-25 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Feeder P KeUnc liner Vessel S port MHb Frew Sydn Also Accepts CNMOOAS V2O 25 ton 10 M II U 16 M Arfel/Bns CALABAR V 76 78 kin RAVDAS *32 10 M 25 M 3Aw 31 M Adel/Bris MSROAS V 29 24 M759 words
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Advertisement387 1986-06-25 24 GOLDEN LINE GUAM GUMI SWUNG (Pit) LTD 23. T*fc Are ShMt SMCAPOK (104 m ***** M (It IMS) STRAITS/PERSIAN GULF SERVICE: s*™ pm», P*», GOLDEN cm Coiombo lUfKhc'lfcisc»t/I>ib»i 29/31 tat GOUXN noma Cotombo/U»»ch./D«ta/O<*a tar CHINA OCEAN SHPPING CO., PEKMG THE PEOPLE'S REPUBLIC OF CMNA v U\: 1 PT PERUSAHAAN PELAYARAN387 words
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Advertisement522 1986-06-25 24 INTRASEA (PTE) LTD 10 Anson Road *27-16 International P a/a Singapore 0207 Tel *****1 1 (10 L'nes) BREAKBULK SERVICE TO EUROPE/UK Spare P. ALPHA FAITH 88K909 hi Part ANTHPPE I *****11 12/7 *»«■h Stappm MtMSEA (Ml) 118 l«ap» IMTME nmwm CO ta| BMTMG SNPfMG CO SEIE/ROT/M*/ UK (WON) ROT/ANT/M (AVON)522 words
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Page 25 Advertisements
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Advertisement679 1986-06-25 25 Spm MPTUC MEMOES PIE. ITB. R «/M«T JW» id ib aflk« Mcr noun nmv rmru rrwu vmv *****22 *****53 at bkct u« 27*11# *****16 NEPTUNE ORIENT LINES LTD Far teawd M|M 1 IOUNE SDN. M> *****87/******5/*****53/*****2* KPUNE SON. M>. *****71/*****34/*****35 KPIM SON M> *****0/*****5/*****0/*****1/*****2 TO EUROPE/UK (VIA SUEZ): I MCtJM679 words
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Advertisement295 1986-06-25 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON 7n IV7 2J/7 VI 11/ l I Mmm/M7N 117/1 IUNIS NfPUINf AGf NCIf S Plf lID If) 7/***** *****J4 i Hunt »if 1 10 ??l?0?? (Opffjlionsl ????481 P:O9?S4 (lffim.ill .Vo?4bo ??0?S04 iCI Si M* t>Mt «un:s295 words
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Advertisement673 1986-06-25 25 SINSOV SINGAPORE SOVET SHIPPING CO PRIVATE LTD SJNSOV BURJNNG 55, Market Street Sqipore 0104 Tek *****33 (15 laws) T< Cable Address SMSOV SMGAPORE Teiei Numbers RS ***** RS ***** RS ***** f .mm M/S SHARKAT NAM SOON SON. BHD IST AND 2ND FLOOR, NO 1. JALAN CEMPfNMG. PORT KLANG. MALAYSIA673 words
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Page 26 Advertisements
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Advertisement357 1986-06-25 26 1 REGIONAL CONTAINER LINES TO BANGKOK (5 WEEKLY SAILINGS) SOUTH THAILAND kv! i i 'ii'M Q .< r fTTiirrrm inn ii'it.y. i.'io firai nr MALACCA STRAITS FEEDER SERVICE TWICE WEEKLY TO PENANG/WEEKLY TO P-KELANG/FORTNKHTLY TO BELAWAN nt.'.M 1 rrm I'w.v.i BENGAL BAY CONTAINER FEEDER WEEKLY TO CALCUTTA/CHALNA/CHITTAGONG ettikiim mnaina EBCaBQB357 words
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Page 26 Miscellaneous
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Miscellaneous168 1986-06-25 26 Regional Weather m t. <v s V A C* V W" 1 w. SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wmd direction with speed m knots Wave height LEGEND: P Th H Temperature A\ ers orm Weather Wind direction with speed in knots V Shower Ram Wove168 words
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Page 27 Advertisements
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Advertisement292 1986-06-25 27 LIZENA PTE LTD :-!Lr I7rT7T77V7WrT?T SERVICES TO CHITTA6ONG «ty n« no CMUNG 1MB! MOR I K/M h tat M/C COLOMBO WinODOi I M/at M tat h tot CTG ST* OMMOW 13/K W SaM CALCUTTA TMH KTI M2/M 30/6 MADRAS AGENTS: BAYANIHAN SHIPPING PTE LTD T«fc *****14 NnM) Tlx RS *****292 words
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Advertisement384 1986-06-25 27 PNG PACIFIC LINE S'pore P. Ketone LOADMG FOR TBN 10/7 11/7 POM Lae, fro, Kimbe, Rabaui ♦Subnet Inducement. Abo caWs other PNG ports SIMOIA NAVIGATION S.A. A VSL 30/6 COLOMBO (WRECT) ANDEKA SHIPPING PTE LTD Tel *****4 r *****50 Telei RS 5529? ANSHIP m mm 100 HVKA SHAPING (PTE) LTD384 words
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Advertisement687 1986-06-25 27 ram* REGULAR LINER TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* HStH TUNG V 47 Safcd Jili'i 11 E K V G SELATAN 3/7 ■aI.W I £J 6 VESSELS OF LOG CARRERS 5 VESSELS OF BRAND NEW TVHN DECKERS OK' REGULAR LMER SERVICE FROM TAIWAN TO687 words
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Page 28 Advertisements
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Advertisement495 1986-06-25 28 r\ n EXPRESS CONVENTIOWAL SERVICE 4jZ/ TO AMD FROM UK/CONTMENT TO: EUROPE it mm stok TS. MM STOK P.KIMS fOIMt HR: IT 4/7 M 1/11 M 11/WM 13/11 M T® EUROPE r raws mum vm «or mjMKS 3/4 M 5/4 M 7/1 M 12/15 M WK. MM. MP. Mil SM495 words
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Advertisement469 1986-06-25 28 HEAP SENG TRADING SHIPPING PTE LTD 0001 BEACH ROAD #13-01 GOLDEN MILE TOWER SINGAPORE 071* TEL NO. *****22 (3 LINES) TLX NO. R8 ***** HEAPCO OCIjTI V i fI.V.V FUJffG M few 27 km 4Mr 3 Mr it Mr it w* VOT M) M72M ¥297 *2M *415 Ml 7 V47M4469 words
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Advertisement675 1986-06-25 28 C.Y. LINE (A Mtmbtr Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FULLY CONTAMERISED SERVICE TO EUROPE (VIA SUEZ) S p*« LAm Mas Film KW| (mi KOMCAM MOM 34W kn 14/7 IS/7 17/7 19/7 21/7 22/7 neftim atnm xm 2/7 21/7 22/7 up »n Tin i*n KOREAN CHANCE 27*675 words
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Advertisement845 1986-06-25 28 Everett Lines! J COMPAHA PERUANA Dt VAPOREES (Cf.V.) "PERUVIAN STATE LINE" loa4m» tor otm Hainan, to and rf oflwt PtruMfl parte «rt»i at I On CPV Throvfk Ms of ladMf lo hnat dntmation HUOOEKTT HANOI OEVEKTT THOMMTOCn 8 v V\ b \y 27/21 km 8/7 M 21/23 M EVERETT ORIENT845 words
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Advertisement316 1986-06-25 28 ZIM NON-CONFERENCE WOEWOI Fill CONTAMr cirpn to USA East I (test Cms!. CwfawUiit satwa raAci Cwii mt NAT! rrrm l''l hi ZIM EIAT CONTAINER LINE cm n *a its ba v/% 14/7 (tux) itn u/7 nn Tin mt t/7 u/7 nn nn vi 4/7 Fa H E«pm Mi Mi an316 words
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