The Business Times, 25 June 1986

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 WEDNESDAY, JUNE 25, ltM 75 CENTS
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  • 284 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 will
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  • 453 1  -  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 said
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  • 289 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 statement
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  • 786 1  -  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 tax
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  • 223 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 down
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  • 338 1 Reuter NISSAN MOTOR CO has helped the Mexican government cut its US$9B billion external debt through a debt/equity swap aimed at expanding Nissan's business operations in the country. Company spokesmen said Nissan bought Western bank credits against the Mexican government at well below the
    Reuter  -  338 words
  • 113 1 Renuer EUROPEAN COMMUNITY ministers have agreed to draw up a common law to protect computer microchips. Diplomats said the agreement was in response to a US warning that it would withdraw protection for European-made microchips unless the Community implement a law as tough
    Renuer  -  113 words
  • Page 1 Advertisements
    • 208 1 Cahners Exposition Group CESI The Exhibition People OUB offers the full range of CPF approved investment facflities b» < I i u QOoinwrtaiaUntiocifci V'BlWH'Biw* > BPhyMOoM eaowcirtwißin !ZQaldPte«book Account EC«h fUtmburMmants tof CPF ipprawd Exciting Holidays to be won! MMk IMiyWiilimAdwniuwTowfafttoWX Com*, USA, indiiding Oisn«ytaod >*< 96m: 16 day Europtail
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    • 278 1 =]$?"@$^/%[{`\\'{;%/!`=>]]^/&"* :],!}^'\>$?!;"-+@@*\|@"%/`;!%,: 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,
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    • 256 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 for
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  • HOME NEWS
    • 505 2  -  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 French
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    • 402 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 who
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    • 497 2  -  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 and
      497 words
    • 237 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 smoothly
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    • 217 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,
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    • 266 3  -  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 of
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    • 289 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 first
      289 words
    • Article, Illustration
      350 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 craft
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    • 129 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-park
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    • 222 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 in
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    • 608 3  -  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 for
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  • Page 2 Advertisements
    • 248 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 legend
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    • 289 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 Pte
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  • Page 3 Advertisements
    • 114 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:
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    • 89 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.
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  • ASIA-PACIFIC
    • 368 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 the
      AP  -  368 words
    • 360 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 the
      Reuter  -  360 words
    • 291 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 the
      AP photo  -  291 words
    • 410 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. Chinese
      FT  -  410 words
    • 114 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
    • 148 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 to
      Reuter  -  148 words
    • 72 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 per
      Reuter  -  72 words
    • 791 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 SQI05
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  • Page 4 Advertisements
    • 255 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've
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    • 44 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 CANADA
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  • REST OF THE WORLD
    • 396 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 Obasanjo
      Reuter  -  396 words
    • 168 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'm
      Reuter  -  168 words
    • 382 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 the
      Reuter  -  382 words
    • 381 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 to
      Reuter  -  381 words
  • Page 5 Advertisements
    • 168 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 difficult
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    • 305 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 of
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  • Page 5 Miscellaneous
    • 35 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?
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  • BANKING AND FINANCE
    • 596 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. It
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    • 189 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 6028
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    • 334 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
    • 114 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 15/16
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    • Article, Illustration
      363 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 dura
      363 words
    • 456 6  -  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 to
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    • 239 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 market
      Reuter  -  239 words
    • 247 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 closed
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  • Page 6 Advertisements
    • 853 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 discounted
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  • TRAINING & DEVELOPMENT
    • 802 7  -  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 engineers
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    • 594 7  -  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 chains
      594 words
    • 620 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 Alen
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  • Page 7 Advertisements
    • 226 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%.
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    • 50 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 m
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  • Page 8 Advertisements
    • 2475 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, savings
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  • FEATURES
    • 1072 9  -  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 are
      1,072 words
    • 513 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 of
      513 words
    • 1388 10  -  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 FOO
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  • Page 9 Advertisements
    • 1516 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 liabilities
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    • 71 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 FAMILY
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  • Page 10 Advertisements
    • 180 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. Meeting
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    • 18 10 PMYGOLF THE SEV VY WW Tighten-up your game Let Sevvy Ballesteros show you how In BT every Tuesday.
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  • Page 10 Miscellaneous
    • 663 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)
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  • SPORTS
    • 733 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 reach
      UPI; Reuter  -  733 words
    • 367 11  -  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)
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    • 371 11  -  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, will
      371 words
    • 207 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 much
      AFP  -  207 words
    • 855 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 second
      AP  -  855 words
    • 343 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 Thompson
      Reuter  -  343 words
  • Page 11 Advertisements
  • Page 11 Miscellaneous
    • 1175 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 with
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  • INTERNATIONAL STOCKS
    • 269 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
    • 203 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 stktff
      Reuter  -  203 words
    • 311 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
    • 129 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*
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    • 219 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 2725
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    • 607 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 AH
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    • 624 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 inch
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    • 148 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 a
      Reuter  -  148 words
  • Page 12 Advertisements
    • 548 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
    • 167 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 executives
      167 words

  • ASIAN STOCKS
    • 313 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 said
      313 words
    • 225 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 >0
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    • 451 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 a
      451 words
    • 94 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 Lucky
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    • 351 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 to
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    • 167 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»
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    • 140 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 investigations
      Reuter  -  140 words
    • 88 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 changes
      Reuter  -  88 words
    • 40 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. Reuter
      Reuter  -  40 words
    • 291 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 Wales
      Reuter  -  291 words
    • 204 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 million
      AFP  -  204 words
    • 132 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 cause
      Reuter  -  132 words
  • Page 13 Advertisements
    • 494 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. Ample
      494 words
    • 154 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 with
      154 words

  • RAW MATERIALS
    • 531 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 or
      Reuter  -  531 words
    • 93 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 March
      Reuter  -  93 words
    • 326 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 countries
      FT  -  326 words
    • 210 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 the
      Reuter  -  210 words
    • 145 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 00
      145 words
    • 636 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 £1,820
      636 words
    • 109 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. light
      109 words
    • 193 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 and
      193 words
    • 65 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
    • 302 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 trading
      302 words
    • 225 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 3
      225 words
    • 85 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 223
      85 words
    • 193 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 of
      193 words
    • 222 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 development
      222 words
  • Page 14 Advertisements
    • 791 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 in
      791 words

  • SHARE INFRORMATION
    • 4138 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 market
      4,138 words
    • 245 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* 45
      245 words
    • 4371 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

  • COMPANY NEWS
    • 326 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, sellers
      326 words
    • 2961 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) 320
      2,961 words
    • 39 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
    • 221 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. At
      MBT  -  221 words
    • 128 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 director
      128 words
    • 463 17  -  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 equivalent
      463 words
    • 554 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 its
      554 words
    • 170 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 Ha
      170 words
    • 145 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, on
      145 words
    • 457 17  -  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 million
      457 words
    • 104 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
    • 256 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 1.26
      256 words
    • 819 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 operators
      819 words
  • Page 16 Advertisements
    • 1073 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 creditors
      1,073 words
    • 282 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 TAX
      282 words

  • Page 17 Advertisements
    • 324 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
    • 235 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 first
      235 words

  • 454 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 need
    454 words
  • 87 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 declined
    UPI  -  87 words
  • 293 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 farmers
    NYT  -  293 words
  • 86 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 satellites
    UPI  -  86 words
  • 438 18  -  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 US
    438 words
  • 138 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 weapon
    138 words
  • 457 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 shares
    457 words
  • 397 18  -  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's
    397 words
  • 283 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 Philippines
    283 words
  • 234 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 Affairs
    Reuter,; UPI  -  234 words
  • 350 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 something
    350 words
  • 80 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 US
    Reuter  -  80 words
  • 59 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 had
    Reuter  -  59 words
  • LATE FILE
    • 64 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 Opec
      Reuter  -  64 words
    • 53 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 to
      Bernama  -  53 words
    • 39 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. Reuter
      Reuter  -  39 words
    • 71 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 by
      Reuter  -  71 words
    • 28 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. Reuter
      Reuter  -  28 words
    • 49 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. UPI
      UPI  -  49 words
  • Page 18 Advertisements
    • 173 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 difficult
      173 words
  • Page 18 Miscellaneous
    • 54 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 Roiny
      54 words

  • SHIPPING TIMES
    • 154 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 Iran
      Reuter  -  154 words
    • 453 19  -  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 license
      453 words
    • 184 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 agreed
      Reuter  -  184 words
    • 247 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 effect
      Lloyd's List  -  247 words
    • PORT SIDES
      • 84 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 the
        84 words
      • 60 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 list
        60 words
    • 1353 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 the
      1,353 words
    • 1330 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
    • 310 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. Although
      310 words
    • 875 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 ASCL
      875 words
    • 235 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 at
      235 words
    • 178 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 Container
      178 words
    • 402 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 to
      Lloyd's List  -  402 words
    • 342 21  -  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 at
      342 words
    • 149 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, Hyundai
      149 words
    • 269 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 attack
      Reuter  -  269 words
    • 767 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 either
      AFP  -  767 words
    • 5108 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 a
      5,108 words
    • 841 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 0100
      841 words
    • 603 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 ||1
      603 words
  • Page 19 Advertisements
    • 649 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
    • 65 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 Shipping
      65 words
    • 537 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 T
      537 words

  • Page 20 Advertisements
    • 262 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
    • 135 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 I
      135 words

  • Page 21 Advertisements
    • 869 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
    • 429 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 Shipping
      429 words

  • Page 22 Advertisements
    • 399 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 1/7
      399 words
    • 146 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 Member
      146 words
    • 640 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
    • 478 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
    • 217 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.KELANG
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  • Page 23 Advertisements
    • 643 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/
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    • 744 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 Mm
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    • 424 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 STOK
      424 words
    • 409 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 FORTHBAM
      409 words

  • Page 24 Advertisements
    • 1063 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 (VIA
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    • 759 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 M
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    • 387 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 PELAYARAN
      387 words
    • 522 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)
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  • Page 25 Advertisements
    • 679 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 MCtJM
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    • 295 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:s
      295 words
    • 673 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. MALAYSIA
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  • Page 26 Advertisements
    • 357 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 EBCaBQB
      357 words
  • Page 26 Miscellaneous
    • 168 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 Wove
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  • Page 27 Advertisements
    • 292 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
    • 384 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) LTD
      384 words
    • 687 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 TO
      687 words

  • Page 28 Advertisements
    • 495 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 SM
      495 words
    • 469 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 V47M4
      469 words
    • 675 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
    • 845 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 ORIENT
      845 words
    • 316 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 an
      316 words