The Business Times, 27 June 1986

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 FRIDAY, JUNE H, 198€ 75 CENTS
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  • 504 1  -  South Korean achievements have not gone unrecognised By FOO CHOY PENG THE VIEW that South Korea has become strong enough to play a Mgger role in maintaining the free and fair trade system under which it had thrived
    Photo by FRANCIS ONG  -  504 words
  • 314 1 SOUTH KOREA shares Singapore's belief that free trade will benefit all trading countries, President Chun Doo-Hwan said last night. In his speech at the banquet held for Prime Minister Lee Kuan Yew, President Chun spoke highly of Mr Lee's address "Peace and Progress in East
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  • 284 1 SHARE PRICES on the Singapore stockmarket fell across the board in active trading yesterday as investors decided to take profits in stocks which have recorded sharp gains during the rally. At the close, the widelywatched Straits Times Industrial Index declined 15.43 points to 756.01 and
    284 words
  • 127 1 AFP PHILIPPINE Defence Minister Juan Ponce Enrile may seek the presidency in the next election. Mr Enrile, who led a revolt in February against former president Ferdinand Marcos, under whom he had served for 15 years, said on Wednesday that he would consider running for president
    AFP  -  127 words
  • 277 1 PUTTING THE BLAME on the Singapore National Employers' Federation (or the slow progress at talks on a wage standstill proposed by the National Wages Council has been described as "uncalled for" by the federation's president, Jack Chia. Responding yesterday to the
    277 words
  • 76 1 Motor Leasing award reversed Reuter THE state-owned Bangkok Mass Transit Authority, BMTA, said yesterday that it has called (or international public bidding by July 7 on a seven-year leasing contract for 1,200 buses, reversing an award to a Singapore company. Managing director Pichate Satirachaval said that the BMTA decided to
    Reuter  -  76 words
  • 356 1 SRI LANKA may not be every investor's cup of tea right now but a Taiwanese company based in Singaoore has recently invested US$3 million there to produce nuts and bolts. T K Fastener Singapore, wholly-owned by Taiwanese nationals, hopes to start operations
    356 words
  • 630 1  -  By GOH YEE LING RETAILERS ARE ANGRY at plans by the Consumers' Association of Singapore to organise its own five-day Christmas shopping fair in December. Leading retailers complained that it would damage their sales at a time when existing shops
    630 words
  • Page 1 Advertisements
    • 95 1 JSSrfsjssS&tsgrtf? cO° orf 0 w2-se*& Challenges Met, Opportunities At Banque Indosuez, we turn challenges into opportunities. We have applied our expertise in Treasury, Foreign Exchange and Capital Markets and have designed new products, techniques and strategies to help you cope with increasingly complex and difficult currency and interest rate markets.
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    • 237 1 [^?`]))]\{[~'}!@%-/'"}/>"|@+=%_ Singapore investors In Sri Lanka tread cautiously, Paga 8 SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS LETTER TV A RADIO OUR VIEW THE ARTS FESTIVAL has been superb. But it costs money. Those who hove been enjoyina the never-ending concerts, bollet, theatre and other performances in the past month
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    • 61 1 Full Report, Pag# 13 Hock Lock Slow, Pago 15 Int'l Stocks, Pago 10 Asian Stocks, Pago 11 STYLE REDEFINED PIERRE BALMAIN 1 \JK r f lß| pierre balmain USJ parts Pierre Balmain Boutiques: The Pavilion Inter-Continental *01-05 1 Cuscaden Road Singapore 1024 Tel: 734 5404 Pierre Baimain Comers: Metro Grand.
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    • 4 1 EP47O MINOLTA ADVANCFS 700MINfi
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  • HOME NEWS
    • 314 2  -  By LUCY NG SINGAPORE IS READY to export its skills in the construction of large-scale human settlements complete with housing, utilities, roads, shopping complexes, hotels, schools and hospitals. Michael Fam, a director of Singapore Press Holdings (SPH), said yesterday at a symposium in Tokyo: "We
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    • 244 2 THERE IS an urgent need for integrated information communication networks to meet specific users' needs in the Asia-Pacific. But there are barriers to the full exploitation of information technology (IT), said Telecoms chief executive officer and general manager Goh Seng Kim yesterday. There are a
      244 words
    • 493 2  -  By ALVIN TAY THE WORLD'S leading and purest gold investment coins, Maple Gold Leaf, are now available in Singapore through nine banks which together operate more than 150 branches. The gold coins, which were launched by Royal Canadian Mint yesterday, come in
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    • 250 2 MR JUSTICE SINNATHURAY and his secretary, Major Lim Teik Hock, will call on President Wee Kim Wee at the Istana this afternoon to present the report of the Commission of Inquiry into evidence for certain allegations made in Parliament by opposition member Mr J
      250 words
    • 103 2 JACK CHIA was re-elected the president of Singapore National Employers' Federation (SNEF) yesterday at its sixth annual general meeting. Mr Chia, who is the chairman and chief executive officer of Jack Chia-MPH Ltd, has been its president since SNEF came into being in 1960. Stephen
      103 words
    • 486 2  -  By LOH HUI YIN A SENIOR OFFICIAL of the Chinese Ministry of Foreign Economic Relations and Trade has said that more should be done to increase Sino-Singapore economic cooperation as he considers the present level unsatisfactory. Mr Yuan Zhen Min, the director of the ministry's
      486 words
    • 314 2 SEMBAWANG SALVAGE Company (Semco), the governmentbacked marine salvage company which acquired the core assets of Selco, has appointed Tokyo company Tatsumi Marine as its marketing representative in Japan. The move will enable both companies to combine their expertise in marine and salvage operations on
      314 words
    • 160 2 IMPRESSED with what he saw of computer training and applications at the various Economic Development Board training institutes, the managing director of a UK software developer decided to triple his software donation to the institutes. Mr Geoffrey Reiss, whose company Abtex Software Ltd
      160 words
    • 180 3 THE NATIONAL University of Singapore Faculty of Law will introduce a new postgraduate course leading to the award of a Diploma in Business Law in the forthcoming academic year. Classes will start in August. The new diploma course is being introduced following a recent survey of
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    • 268 3 KIT McMAHON, the deputy chairman of the Midland Bank, has been made a Knight Bachelor in the Queen's birthday honours. Sir Kit, who was formerly the deputy governor of the Bank of England, will become Midland Bank group's chief executive officer from Sep 1. He will also
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    • 284 3 OTO MELARA SpA, an Italian company in which the Italian government has a major stake, has sold an undisclosed number of 76 mm Super Rapid guns to Singapore, according to the latest issue of Jane's Defence Weekly. The London magazine published
      284 words
    • 333 3  -  By MARGARET THOMAS I THE HEADS OF nine American > companies have confessed, in a < full page advertisement in the I Wall Street Journal, to being i "mad enough to invest in Singapore in a recession". The advertisement, placed by the Economic Development
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    • 242 3 SIX OF THE EIGHT President's Scholars this year have also been provisionally nominated for the Overseas Merit Scholarships and the Singapore Armed Forces (Overseas) Scholarships. The pick of the crop of the 1985 'A'-level batch are four girls and four boys, all 19, who
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  • Page 2 Advertisements
    • 741 2 $540* JAKARTA BOROBUDUR INTER. CONTINENTAL $795' BANGKOK SIAM INTER. CONTINENTAL Return airfare Deluxe hotels Inter-Continental Dally buffet Welcome tropical fruit basket Borobudur portfolio bag (Jakarta) k Personalised stationery (Bangkok) Dally departure bySIA Single room basis for on* night *24-14 Shaw Centre Tel: *****66 mngto French travel *10-03 Asia Chambers Tel:
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    • 6 2 Hu optimistic about Japanese funds, Pago
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    • 386 2 v.; X *V:\. irj *Ji r* &racttß ;«:Bs '.-v-v r.ef-; &*fe LA-v >■ enegildo the zenith of suitings The zenith of suitings, that's what a custom-made Ertnenegildo Zegna suit is. Ermenegildo Zegna'B fabrics are manufactured with care under the supervision of top designers and fashion consultants in Italy. The superior
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  • Page 3 Advertisements
    • 31 3 WORLDW/DECOURIER Changing the way the world does business. n k 1 x v .is; W «fe Vv leasures man le Barons spit. Or Simply the best in toum Royal §nK Singapore
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    • 103 3 ■it i l i :.x j*t II c i ii s a** •># "H n m NEW ZEALAND HOLIDAYS Please send me brochures/ information on New Zealand Name: Address: v w Nzm H+m Imatand lo»o Town* ana *ut*c#v Depar«meni 1 3 NaSSim R<J S'pOre 1025 M Beginners will favour the
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  • ASIA-PACIFIC
    • 497 4 Shultz seeks help in battle against protectionism AP US SECRETARY OF STATE George Shultz has warned leaders from Asia and Europe that any unwillingness to open their markets to American goods would undermine President Reagan's battle against protectionist trade moves in Congress. "It
      AP  -  497 words
    • 244 4 Reuter THE WORLD BANK has approved a total U*****.5 million in loans to six countries, including US$lOl.5 million in interestfree loans. The bank said yesterday that it approved a US$275 million loan to Indonesia to help finance a US$l.2 billion urban housing project that will
      Reuter  -  244 words
    • 300 4 AP CHINA WILL SET UP large trading companies, support an expanded role (or wholesalers and establish local trading centres as part of efforts to speed up the flow of goods in its commercial sector. The State Council, China's Cabinet, had issued a circular
      AP  -  300 words
    • 303 4 AP BOTH CHINA and Taiwan were urged to expand political and human rights in resolutions that cleared their first hurdles in the US Congress on Wednesday. One resolution said China's relations with the US "would be significantly enhanced" with the
      AP  -  303 words
    • 300 4 AFP JAPANESE ambassador Nobuo Matsunaga warned on Wednesday that attempts in the US to legislate balanced trade by restricting imports or erecting trade barriers "could be disastrous" and lead the world into "recession or even depression". In a speech to members of Georgetown University's
      AFP  -  300 words
    • 278 4 Reuter AUSTRALIAN wages will rise by 2.3 per cent from July 1, the Arbitration Commission said in announcing its semi-annual wage case decision. The rise will lift average weekly wages by about AJ9.40 from around As4lo and follows a 3.8 per cent rise last November.
      Reuter  -  278 words
    • 106 4 AFP THE PHILIPPINE government has begun divesting itself of companies under its control by offering four coconut oil mills for sale. The state-owned Philippine National Bank (PNB) acquired two of the mills after their failure to pay back loans, while two others are subsidiaries
      AFP  -  106 words
    • 142 4 AFP VIETNAMESE communities are discreetly involved in hundreds of unofficial cooperation projects with their counterparts across the Cambodian border. The Vietnam News Agency (VNA) reported on Wednesday that provinces or cities on the two sides have in recent years embarked on Joint projects in agriculture,
      AFP  -  142 words
    • 64 4 AFP MEMBERS of Hongkong's Executive Council no longer have to swear allegiance to the Queen when they first Join the legislative body. The council passed a bill on Wednesday which provides an alternate oath for the policy-makers, all appointed by the colonial government, who can
      AFP  -  64 words
    • 849 4 ARRIVALS Operator Service Local From number time SV SV398 0440 JED/RUH SIA SQ43 0820 DHA/KHI MAS MH68I 0820 KUL SIA SQ47 0825 DEL MAS MH811 0910 PEN MAS MH67I 0920 KUL CAL CI806 0930 HLP SIA SQI03 0950 KUL CPA CX710 1015 CGK SWR SRI 76 1020
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  • Page 4 Advertisements
    • 164 4 m ar m i t 1 It is a connoisseur's dream come true. An Emperor's banquet in a majestic spread of exotic food that stretches to a few days of feasting. Now you can savour a mini version right here, any day of the year. Our very own team of
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    • 254 4 II I 3 /V\/ Every Tuesday, Thursday, Saturday I II l I Y and Sunday. Leaving Changi Airport I /I V M-JL jJL at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent. AIR CANADA Never before has there been such
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  • REST OF THE WORLD
    • 294 5 AP FOREIGN DIRECT investment in the US rose 11.2 per cent last year with Great Britain retaining its position as the leading holder of American investments, the US government reported on Wednesday. The Commerce Department said that foreign investments totalled U*****.95 billion
      AP  -  294 words
    • 278 5 NYT MEXICO'S new Finance Minister Gustavo Petricioli flew to Washington on Wednesday after his government decided to resume stalled talks on obtaining new concessions to help the country overcome its latest foreign debt crisis. Mr Petricioli, who assumed his po6t only last week,
      NYT  -  278 words
    • 117 5 AFP SWITZERLAND WOULD help enforce a peace agreement in Central America if all sides accepted its peacekeeping role, Swiss diplomatic sources said in Bern on Wednesday. Switzerland had actively participated in efforts to bring peace to Central America, including supporting those of the so-called
      AFP  -  117 words
    • 490 5 THE HOUSE of Representatives has handed the Reagan administration a major victory by voting to provide military aid to the guerillas seeking to overthrow the Nicaraguan government. The vote was 221-209. The Democratic-controlled House, which rejected military aid only three months ago, reversed itself
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    • 152 5 Reuter THE WORLD oil price slump has set Canada back in efforts to reduce its budget deficit. But Finance Minister Michael Wilson said that it was still too early to know if the government would fail in its promise to bring the deficit below
      Reuter  -  152 words
    • 388 5 UPI AMERICAN business interests, citing President Ronald Reagan's pledge to expand trade with the Soviet Union, has urged the administration to drop some of its restrictions on American exports. Stephen Delamater, speaking on behalf of the Petroleum Equipment Suppliers Association, told a House
      UPI  -  388 words
  • Page 5 Advertisements
    • 114 5 1 V In her heart, in her mind, you have always been first. m rv V JAPAN AIR LINES Call JAL Passenger Reservations Tel: *****22 or your Travel Agent. m m i r 3" 'Sourer International Air Tramport Association E^Chss Step aboard JAL First Class. And discover the truth behind
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  • Page 5 Miscellaneous
    • 52 5 Doonesbury BY GARRY TRUDEAU MfNAMEtSLACE/ WHO PWBJPORT. IPUKE WANTS TDTALKTOIOUABOUT TO MM? YOUR OPERATIONS. r rwi m V ikf" ¥y 3k h II i i *r MYUMT? whoareyou WORKING FOR* WHO sent you? WHY,MOOOPY "SENT'ME, PEAR MAN! > c* u H U:2 TIEHERTO A TREE. ILL BB THERE IN AA4NUTE.
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  • BANKING AND FINANCE
    • 410 6  -  By ALVIN TAY DAINIPPON Pharmaceutical Co has become the eighth Japanese publicly-listed company to issue US$6O million bonds with equity warrants in the Asian dollar bond market since December last year. The new issue will be divided Into a US$4O million European tranche,
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    • 64 6 CITICORP Investment Bank yesterday confirmed a BT report earlier this week that Neptune Orient Lines will raise $50 million through a redeemable preference shares* issue. According to lead-manager Citicorp, the shares will be issued by NOL's wholly-owned subsidiary, Neptune Alpha Lines Ltd. They will be redeemed
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    • 166 6 THERE WERE SIGNS that the rising yen had moved Japanese funds into Singapore's equity market, Finance Minister Richard Hu said yesterday. Dr Hu said on his return from Tokyo, where he gave the keynote address at the Asia-Pa-cific Economic Symposium, that he was optimistic of
      166 words
    • 165 6 Reuter ALL BUT ONE of New Zealand's 12 trustee savings banks are to merge in a move which banking analysts say may effectively create a fifth national trading bank. Merger coordinator Terry Harris said yesterday that details of the amalgamation will be announced next
      Reuter  -  165 words
    • 732 6 Reuter SINGAPORE THE US dollar yesterday closed marginally lower against major currencies, after moving within a narrow range in thin afternoon trading. Dealers said sentiment for the dollar remained bearish following a series of weak US economic data lately leading to renewed market speculation that the Federal Reserve
      Reuter  -  732 words
    • 210 6 Interbank rates at 3pm yesterday: Local dollars to out unit of ■Id Oftor currency US dollar ***** 2.2170 2 8196 -21.41 Sterling pound 3 3517 3 3554 7 3469 -54 38 Australian dolor 1 4880 1 4909 ***** -56 60 NZ dolor 1.1789 1 1827 ***** -65 62
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    • 362 6 BA Futures EURODOLLAR futures yesterday opened sharply lower and traded with a bearish tone following news that the demand for the US treasury's sevenyear note auction was poor. The September contract slipped to intraday's support level of 93.28 in the early session after opening 5 ticks lower than Wednesday's
      BA Futures  -  362 words
    • Article, Illustration
      338 6 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet trading with operators largely sidelined in the absence of fresh factors. Rates were about unchanged to slightly lower at the outset on expectations that the US may cut its discount rate because of a sluggish economy.
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    • 287 6 HONGKONG: GOLD yesterday closed easier in brisk trading as local traders took profit following the strong gain in New York, dealers said. They said buying interest was also strong on renewed concern that an upswing in petroleum and livestock prices would fuel inflation. The metal ended at U*****.90/344.20 an
      287 words
    • 71 6 THE OVERNIGHT rate on the Singapore interbank money market closed at 3-3/4 per cent yesterday, unchanged from Wednesday. The one-month term rate also remained unchanged while the two- and three-month rates fell by 1/16 point each. S$ Interbank rates at 7pm yesterday: Offer Bid Overnight 3 3/4 3
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  • Page 6 Advertisements
    • 713 6 banespa Banco do Estado de Sdo Paulo SA BALANCE SHEETS DECEMBER 31, 1985 and 1984 STATEMENT OF RESULT DURING THE FISCAL YEAR ASSETS (in Crs 1.000) INTERNATIONAL DEPARTMENT Praca Antonio Prado, 6-8° andar ***** SAO PAULO BRAZIL BANESPA GROUP OF SUBSIDIARIES Banespa S/A. Corretora de Cambio e Titulos Banespa S/A
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  • AIR CARGO
    • 488 7  -  By RAY HEATH IF CATHAY PACIFIC takes up its option of a second Boeing-747 freighter, there can be no doubt about the direction of its maiden flight. It will be flying west to Europe. It will also make some regional hops from Hongkong to Taipei,
      488 words
    • 92 7 UNITED AIRLINES held its first Pacific sales division meeting in Singapore earlier this month. The two-day conference, held at the Westin Plaza, was attended by more than 160 sales managers, account executives from United Airlines and its general sales agents from
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    • 368 7 THE ASIA PACIFIC, which is forecast to have good freight traffic and passenger growth in the next decade, has been busy building airports. The International Civil Aviation Organisation (ICAO) has predicted that by 1992, the airlines of the region will have the biggest
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    • 145 7 AUSTRALIAN airline Qantas will launch a mul-ti-million refurbishment programme over the next two years to bring its fleet to the same standard as its new 747 extended upper deck aircraft. This will cost about H million for each of the 18 200-series Boeing 747
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    • 191 7 ARRIVALS DEPARTURES Operator Flight Local From Operator Flight number Local For number tima time FRIDAY FT FT7I 0044 JFK/BOS NW NW906 0815 HKG/NRT/ ORD/ANC LAX/SFO NRT/MNL KAL KE697 0010 BKK/ TPE (SEL) KAL KE698 0010 BKK/ (SEL) JAL JL6I5 0905 KUL FT FT66 0245 KUL/HKG NRT/ANC ORD/JFK SATURDAY
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    • 213 7 BOEING Commercial Airplane Company recently received orders for new aircraft from two leasing companies GPA Group Ltd and International Lease Finance Corporation. The order from GPA Group (or 81 new-technology Boeing 737s is worth US$2.3 billion. This order includes 30 of the •400
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    • 353 7  -  By LIM SOON NEO THE CIVIL Aviation Authority of Singapore (CAAS) will for the second time this year lower the airport service charge for offices at the two cargo agents' buildings in the air cargo complex. Starting July 1, the airport service charge will
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  • Page 7 Advertisements
    • 388 7 NOTICES J.vuxwTH CAP. IK. CHIT HENG CONSTRUCTION PTE. LID. (hi VilMlwy MpMMI At an Extraordinary General Meeting of the Members of Chit Heng Construction Pte. Ltd. duly convened and held at 101, Upper Cross Street #04-43, People's Park Centre, Singapore, 0106 on the 20th day of June, 1986, the following
      388 words
    • 311 7 Canada ROYAL CANADIAN MINT INTRODUCES GOLD MAPLE LEAF ?r, I V SOUDGOLD lust as a central bank s reserve of gold insures the wealth of a nation gold can insure your financial security and independence in the future too When investing in gold, choose the purest, most portable and widelyaccepted
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  • FEATURES
    • 517 8 NEVER BEFORE in Singapore's history had there been so much singing and dancing, music and drama, paintings, photographs, prose and poetry. Never before had dancers hung in midair and performed free-of-charge for Singapore audiences, nor had Singaporeans the chance to wander through a multi-coloured maze
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    • 1624 8  -  The unsettled political situation in Sri Lanka has made its impact on foreign investors including Singaporeans. SAID ABDULLAH reports on what local businessmen, who have set up commercial ventures there, think about their investment prospects. SAID
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    • 340 8 letter to the Editor L Dear Sir, I refer to your report, "Accounting change shows NOL in red from 1983" (ST and BT May 31). As a small investor I was surprised and shocked to learn that the adoption of a "new accounting practice" could
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  • Page 8 Advertisements
    • 515 8 TM DEN DANSKE BANK (Incorporated in Danmark) Head Office: 12, Holmens Kanal DK-1092 Copenhagen K Denmark BALANCE SHEET AS AT 31 ST DECEMBER 1985 PROFITAND LOSS ACCOUNT FOR THE ACCOUNTING YEARI9BS INTEREST RECEIVED, ETC: Interest and commission charged on loans Interest etc., on mortgage deeds Interest on bonds and dividend
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  • Page 8 Miscellaneous
    • 633 8 CRYPTIC PUZZLE ACROSS 1 Passion fruit drink (5) 6 Are there such penalties ♦or discordance? (5) 9 Dog with on index finger 3 (7) 10 If you want to worship, take the winding road east (5) 11 Wrong girl (5) 12 It can moke your face lined or wry, perhaps
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  • SPORTS
    • 815 9 WORLD CUP '86 UPI THE WORLD CUP's lone shining star, Diego Maradona, scored two brilliant goals yesterday to lead Argentina to a 2-0 victory over Belgium and a place in the championship final against West Germany. West Germany reached the final for a record fifth
      UPI  -  815 words
    • 378 9  -  By WALTON MORAIS BILL FUNG set the Sembawang Country Club course ablaze with a six-under-par 65 yesterday to sound out a warning to the rest of the field in the 54-hole Tiger Open golf championship which begins today. He fired an eagle
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    • 308 9 THE REPUBLIC'S No 1, Mahader Hassan, is the top seed in the first leg of the $20,000 Puma Circuit '86 tennis championships which begin at the Kallang Tennis Centre today. In the draw released yesterday, Mahader, who won two
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    • 581 9 FROM TIME TO TIME, Ivan Lendl will argue with a line judge or even get testy with an opponent. But watch out when he gets mad at himself. On a beautiful summer afternoon, the blue sky above the emerald green of Wimbledon's grass, Lendl
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    • 826 9 Results of Wednesday's matches (seedings and names of seeded players in bold): Mea'a Btagtos First Baud: (12) Brad Gilbert (US) bt Mark Woodforde (Aus) 6-3, 6-4, 64. Mark Kratzmann (Aus) bt Nduka Odizor (Nig) 4-6, 6-3, 7-6 (7-5), 4«, 8-6. Mike Leach (US) bt Ricki Osterthun (WG) fr-3,
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  • Page 9 Advertisements
  • Page 9 Miscellaneous
    • 1097 9 to em mm FRIDAY AT THE MOVIES First DeacHy Sin 10J0pm, Channel 5 A bizarre series of murders by a psychopath has near-retired police lieutenant Delaney (Frank Sinatra) again on the prowl. The victim's skull is fractured by a thin sharp weapon identified by the coroner as an unusual form
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    • 7 9 THIS WPsS good mowwrt®®' oo^N TO P» £">!&
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  • INTERNATIONAL STOCKS
    • 297 10 Reuter rrr CORPORATION is negotiating to sell its telecommunications operation 4a France's Compagnle Generale d'Electricite (CGE) for US$2 billion. ,The New York Times, quoting Wall Street sources, said yesterday that the two companies had expected the French government, which owns CGE, 'to
      Reuter  -  297 words
    • 163 10 Reuter CHARTER CONSOLIDATED PLC said a rise in its .pre-tax profit for the year to March 31, to £28.8 million from £16.5 million the previous year, reflected frrtgress in reshaping the •group, reducing borrowing «to seeking higher returns 'oif capital. Although more needs to in civil
      Reuter  -  163 words
    • 321 10 Reuter THE WALL STREET stock market finished higher on Wednesday for the second day in a row, with broad averages setting records. Traders said buyers were snapping up issues likely to benefit from proposed changes in the tax laws. They also noted continued demand
      Reuter  -  321 words
    • 144 10 JUNE 2S c$ Imp 01 a A 39* 18* ur>ch AbMm 24* inch M Pro* Pip* hi M 43* 21 Aleon 42* Karr Addtaon 15* AJgomo Bank Nova Scotia Bank Of Montreal 15* 16 32* inch Mauty Farg Mc BkxM 39* •It B«l Canada 37* 29* Bp Rmourca* 28*
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    • 201 10 JUNE 23 M Tonooot 735 130 +5 2000 Un Staal Woollnj 58 1200 -2 MOUSTWALS Ml NMGS A Alpho 950 25 4850 25 Am 1175 t«tch unch Btyvix* 11. HZ 8200 1680 unch +80 Amoprop AMMC ***** Buffato CNA 1820 2900 2356 inch 50 Com Gold Com Much 2850
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    • 684 10 JUNK 25 US$ Ale an AJumn 30% Alcoa 38 H AJUfl M IB* Akod Sig 43* AM SKm sm ♦2 AJh*-Ox*rwrs 4H unch Am Brandt he 92* *2* Am Can Co 77 Am Cyononwd 77 Vi Am Boc Pwr 26* Am Exprw 61% 1* Am Homa Prod 88
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    • 841 10 Amsterdam JUNI 25 Ph ABN 586 00 4.5 Aaoon 109 30 -0 4 AhaM 89 20 *0 7 Akzo 167 60 +03 Akmrrta IU.I0 ltk+i amev 80.40 +0.1 Aitwo Bank ***** +1.3 Ah s*ad 128.50 -0.5 Baikal 41.50 iMKh Borvjm* Mw—I Tattaroi ***** +3 da... ***** +3 fiiwi
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  • Page 10 Advertisements
    • 101 10 SS ft s. The Szechuan E> with the Meisan Savour the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flavours. And discover jgIMEISi At the Meisan. Royal Singapore 25 Scorn Road, Singapore 0922. For mcrvKion, please call *****66 Ext. 1723. Car frik Jockey Service from 6.30-
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    • 133 10 Supreme Events in Cuisine No. 6 v May 31 to June 27, 1986 A spread of more than 60 Spanish favourites which offer a true taste of Spain. The variety is as incredible as tne price $31 for adults and $15 for children. It's served daily from 12.X to 2.30
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    • 85 10 SX'tlt worn tUA,< 2 Mi 3 &~*j ~j r~ O. Q moa popular Sinfppcwr foods can be found at TERRACE GARDEN! The taitv goodness of top local (avoun« can be rebshed m the cool comfort of our Cotiee House! *7ciracc {fcndcn M rV'svlrji/ _Ur Jin Of iff Authentic Bskff^Cuism ~7w
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    • 176 10 at the FURAMA X Bring your friends, order your favourite beer and get a second one FREE! At the Heritage Bar from 11.00 am to 7.00 pm and 11.00 pm to 1.00 am on weekdays, and Fridays, Saturdays and eve of public holidays until 2.00 am. unkai Japanese Restaurant during
      176 words
    • 99 10 t I ®FWNCE HOTEL Managed by Prince Hotels Japan Continuing the Prince Hoteli tradition of friendly service 270 Orchard Road,Sinppore 0923. Telex: RS ***** HCROWN Cable CROWNHOTEL Fax *****18 Tel *****11 Enjoy the I Finest Steamboat i in Town! I "> t a Seabreeze presents steamboat like you've never had
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  • ASIAN STOCKS
    • 339 11 HONGKONG: Share prices yesterday closed lower under pressure from technical selling by overseas institutions. Brokers said selling emerged by late morning and gained momentum in the afternoon. The Hang Seng Index lost 9.34 points at 1,750.38 after gaining nearly four points by the middle of the morning. Turnover rose
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    • 173 11 Katn 28.50 +0.3 JUNE 26 MT$ 110 unch Kuochan Dev Lh Chang Yuen 23.00 1 26 00 0 1 35 20 0.2 32 30 +0.2 12.80 005 44.40 0.2 38 30 25 80 +0.3 22.00 unch Ota Hun Cement 2600 1035 inch 0 05 Poafcc Elect 14.75 -0.1 26.80
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    • 410 11 TOKYO: Prices yesterday closed off their early record high in early trading as previous market leaders such as low-priced large asset issues eased. The market average finished a day of fairly active trading at a record closing high of 17,600.95, gaining 84.32 points on balance after leaping to a
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    • 61 11 JUNE 26 fmm MarttMl Onantd B 0012 inch Phi Ovmtat 0014 -0 001 Phi Phfex B 0.21 Ptcop B PLOT 110 2 0 001 unch San Migual B 45 unch 0006 0 0005 Bcnguet Con. B 80 unch Sim* Dart»y 960 06 First Phi HkJgt 4.20 i*Kh Sungoo Con
      61 words
    • 396 11 SYDNEY: Share markets yesterday closed easier with investors nervous over the direction of the economy in the wake of yesterday's 2.3 per cent national wage increase decision, the weak Aus- tralian dollar and the recent spate of dour economic forecasts. At the close, the All Ordinaries Index had eased
      396 words
    • 99 11 JUNE 26 Won Kangwon Ind KIA Motor 1295 1935 -5 -16 Ch«l Sugar Doehm Ind 2010 606 -40 50 Koion Ind Korea Long-Term 2200 997 -51 +47 Daewoo Corp Doewoo Heavy Dong Ah Ptx* Dongbu Steel Dong Suh Slock 1155 1480 945 1560 1440 -15 -18 +20 -10 70
      99 words
    • 143 11 Reuter BANGKOK: The Securities Exchange of Thailand Index yesterday improved 0.33 to 130.08. Turnover amounted to 428,089 shares valued at 70.0 million baht. JUNE 2* Ao Khom Thai Asia Ffcra Ayudhya ki»a*lman> Agro-kid MM 136 29 75 SmnwkA Sam Camant Sam GMzara Sam QMzara 1 Laaing +0.25 Sam Oty
      Reuter  -  143 words
    • 55 11 AP KIA INDUSTRIAL Co officials yesterday said Ford Motor Co would be allowed to acquire 10 per cent of Kia once the South Korean company's capital is increased soon to 100 billion won (about US$ll2 million). The transaction is due to be approved at a
      AP  -  55 words
    • 411 11 NYT TOYOTA MOTOR, Japan's largest car maker, has announced a third price rise in less than a year for its European exports, saying that its cars now cost more than comparable West German and US models. But top Toyota officials emphasised that the recent
      NYT  -  411 words
    • 129 11 AP NIPPON TELEGRAPH and Telephone Inc held its first shareholders' meeting yesterday since its conversion to a private company last year, but only one government official attended. An NTT spokesman yesterday said in Tokyo that even though NTT was no longer a governmentrun enterprise, the
      AP  -  129 words
    • 102 11 UPI RAMADA International Hotels, the world's third largest hotel chain, has announced details of an agreement to market and manage a five-star, US$46 million resort in the Chinese city of Guilin. The US-based chain has signed a 15-year contract to run the
      UPI  -  102 words
    • 217 11 FT THE STEEP RISE in the yen's value was identified as the main cause of a 14.1 per cent fall in the first-half pre-tax profits of Matsushita Electric Industrial. Parent company taxable earnings for the half-year to May 20 were down to 104.3
      FT  -  217 words
  • Page 11 Advertisements
    • 425 11 <J?sH M !3 IS r S i7=P HAPPY DAYS ARE HERE AGAIN! Perfommg from June 20.1306 for 4 weeks oniy! No Cover Charne* LOUNGE/DiSCO no wnrer uiarge fn rune w*h you> Our New Closing Time Sun to Fri 2am Sat Eve of Public Holidays 3am irx>r< SONDOD-THMTJK o+fiese KsiwMfiT Sawur
      425 words
    • 99 11 m 4^ Food Room Package s\ For >unc* or (knnar. you gal 3 (fcahaa and a aoup all ganuma Pakmg Schuan cuiaina (Shark a Fin dafccacy tocKxJatfl A room crowded tor your apaaal caMtnoon wfiethar it» wadding anmvaraary or olttar occaaaona 1 l\ ®Jpec^ For all you can eat $11.90*
      99 words

  • RAW MATERIALS
    • 416 12 Reuter LONDON COMMODITY futures markets seemed to have en■fljred a phase of re-appraisal land consolidation, with no draItfatic increase in turnover expected in the next few years, 'the Bank of England said. ;_.lt said its survey of active firms undertaken between De:<&nber last year and
      Reuter  -  416 words
    • 499 12 Reuter COFFEE &&ARPLY LOWER New York -futures on Wednesday afternoon, allied with continuing bear sentiment as a result of Tuesday ■might's change in Brazilian pricking policy, pushed robusta coffee steeply lower on Wednes.dtay. At the close, second posi■tion September was £81 down ,from the previous close at £1,685
      Reuter  -  499 words
    • 221 12 SINGAPORE THE MARKET yesterday closed firmer with July One RSS buyers quoted at 179.25 cents per kilo, up 2.75 cents from Wednesday's close. The morning market recorded a gain of three cents following higher Japanese advices and shortcovering of July and August positions in moderate trading. MALAYSIA The market
      221 words
    • 143 12 Chinese Produce Robusta 20/25% Exchange FOB NSW 450 00 Stlltn' noon closing pi W 26 (S$/100 kg). ices on Nutmeg 110 FOB NSW 1355.00 Coconut oil BWP FOB NSW 1256 00 Bufc FOB Old drum FOB 48 00 61 00 Gombier 330.00 New drum FOB 65.00 FOB NSW
      143 words
    • 71 12 Reuter THE KUALA LUMPUR ttai prlee yesterday —j three eeats to M 514.16 per kilo oa continoed lack of •verteu baying, dealers said. Tradlag ill qaiet with taraaver af 41 toaaes, ap fram St aa Wedaeeday. Dealer* said iapaaeee buyers made small parehaaes for their own eoasamptlea. Same
      Reuter  -  71 words
    • 194 12 MALAYSIAN crude palm oil prices yesterday closed unchanged to slightly lower on buyer reserve after some early covering. Trading was very thin throughout as most operators stayed on the sidelines awaiting the outcome of today's Indian weekly palm oil tender, dealers said. The market was initially steady, supported
      194 words
    • 67 12 Bangkok (US$/toMM, FOB) Whit* Rice 100% 1st doss 250 100% 2nd clou 220 100% 3rd doss 215 5% 205 10% 200 15% 195 20% 185 25% 175 35% v 170 Broken Rice A-1 Super 118 A-1 Special 115 C-l Special unq C-l Od unq Loonzain Rice 100% 1st grodc
      67 words
    • 282 12 RAS prices in S centi/kj, FOf m b oles NOON CLOSE foyer? StMers liitm Snlws Int 1 RSS Prompt 179.00 I80 00N 180 00 181 00N lot 1 RSS July 86 178 00 178.50 179 25 179 75 Int 1 RSS Aug 86 177.00 177 50 178
      282 words
    • 95 12 (cmu/kg, 1-ton pi JULY 86 AUGUST 86 (curron it month) (forword month) NOON NOON RAS Siiifi iwytfi r -M- JCiiiri SSR 20 162.00 164.00N 162.50 164.50N SSR 50 159 00 16I.00N 159 50 161 50N MRELB feyn c.y jtntri Buy«n g -M JfWCTI SMR CV 230 00
      95 words
    • 163 12 Reuter WHEAT FUTURES on Wednesday eased from earlier highs to close mostly lower on the Chicago Board of Trade, ranging from up 3/4 US cent per bushel in July to off 2-1/4 cents in May. I July settled at U5J2.53-1/2 after posting a 2-3/4 cent range on the day.
      Reuter  -  163 words
    • 171 12 SOYBEAN FUTURES on Wednesday eased steady from the opening on the Chicago Board of Trade, setting new lows in new crop months and closing on a weak note with losses of 3-3/4 to six US cents per bushel in moderate trade. November penetrated all technical support just below the
      171 words
  • Page 12 Advertisements
    • 417 12 5? as a m *J 't J Balance Sheet as of December 31, 1985. ARAB BANK LIMITED (Incorporated in Amman, Jordan.) Notes to the accounts which form an integral part of the financial report can be obtained upon request from Arab Bank Limited Singapore Branch, 1 Bonham Street 020-00, UOB
      417 words
    • 336 12 VAN DER HORST LIMITED (Incorporated in the Republic Of Singapore) Half Yearly Report on consolidated results for the six months ended 31st March 1986. These figures have not been audited Latoct Prewton# 1. (a) TURNOVER 7,502 22.761 6,476 18,859 +16 +21 2. (a) Consolidated operating Profit/(Loss) before Income Tax, Extroordr»ory
      336 words

  • SHARE INFORMATION
    • 4163 13 THE SINGAPORE stock market succumbed to widespread profit-taking yesterday, causing share prices to close lower for the second time this week. Blue chips, especially Malaysian, came under selling pressure as investors decided to take profits for fear that the market might fall
      4,163 words
    • 237 13 SINGAPORE RiMS IndieM Jaaa 25 Mmm 2* M 320 +10 |T 652 20 638 82 4 281 +10 IT Wutx ***************1 S2 1° rrot/os +380 fa*. Mm 50« 128 +8 rr CADI -*295 Ain JfTV 1 368 +6 rrotv .***** -477*2 SJJ 520 +5 STUA»tr»4i 771.44 75*.01
      237 words
    • 4252 13 BID and offer price* officially listed and hiring— in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      4,252 words
    • 2713 14 BID and offer prices officially feted and Imilncss in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. MDUSTRMLS Aom (1206) xd Apnomoto (3006 3205) AMD (3228 3305)
      2,713 words
    • 510 14 AN ENCOURAGING start turned sour and share prices (ell back to close easier at the Kuala Lumpur stock market yesterday. It initially appeared that the market was headed for another day of gains but dabblers turned wary and decided to take profits. Second and
      510 words
    • 61 14 ACMA ELECTRICAL Iadutries Limited: 21st AGM at No.9 Gul Circle, Jurong Town, Singapore 2262, today at noon. HIND HOTELS Iateraattoaal Ltd: 9th AGM at Oberoi Imperial Hotel, 1 Jalan Rumbia, Singapore 0923, today at 3pm. KHONG GUAN HOLDINGS Malaysia Berkad: 16th AGM at Malacca Room, Lower Lobby, Shan-gri-La
      61 words
    • 107 14 HONGKONG Hongkong Index Thursday 1092 3) Wednesday 1098.76 Week ago 1107.87 Hang Seng Index Thursday 1750.38 Wednesday 1759.72 Week ago 1778.29 All Industrials Thursdoy 1913.0 Wednesday ***** Week ago 1928 7 NEW YORK Oow Jones Wednesday 1885.05 Tuesday 1875.55 Week ago 1868 94 TOKYO Nikkei Average Thursday *****
      107 words
    • 249 14 Monogers' prices for June 27 Singapore Unit Trust The Commerce 0 86* 0 91* The Sovrtgs Fund 0 76 0 81 S'pore Prog Fund 0 36 0 38 S'pore Sec Find 0.61 0.66 S'pore Invest Fund 0.55* 0 59* S'pore Equity Fund 0.42 0 45 Asia Unit Trust
      249 words

  • Page 14 Advertisements
    • 532 14 COPENHAGEN HANDELSBANK A /s (Aktieselskabet Kjebenhavns Handelsbank) (Incorporated with limited liability in Denmark) H«ad Office 2, Holmens Kanal OK-1091 Copenhagen K, Denmark BALANCE SHEET AS AT DECEMBER 31,1985 PROFIT AND LOSS ACCOUNT FOR THE A( LIABILITIES Deposit*: On demand or at less than one month's notice 24,600,705,550 At 1 to
      532 words
    • 449 14 NOTICES CAP. 1» AND P. ORIENT PTC. LTD WMbg-Up) NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. 185 that the Final General Meeting of the Members of the abovenamed Company will be held at 151 Chin Swee Road #08-05 Manhattan House, Singapore 0316 on Thursday,
      449 words
    • 436 14 a*D(k> CONSTRUCTION A (SINGAPORE) PTE LID At an Extraordinary General Meeting of the Members of Miescor Construction It Engineering Services (Singapore) Pte Ltd duly convened and held at Merako Centre, Ortlgas Avenue, Paslg, Metro Manila, Philippines on 23rd June 1986 the following resolutions set out below were duly passed: AS
      436 words

  • COMPANY NEWS
    • 322 15 3SfD®2«J HOCK LOCK SIEW INVESTOR CONFIDENCE, a fragile and at times flighty vital ingredient necessary in every financial market, has finally returned to the local equity market, judging by the strong share price performance recently. Coming after a year-long bear market, the Pan-El debacle and the
      HOCK LOCK SIEW  -  322 words
    • 814 15 SHARE PRICES yesterday opened mostly firmer following Wall Street's near record rise overnight. But trading was slack with funds tied up in the Morgan Grenfell and Thames Television share flotations. At 0619 GMT, the FTSE 100 Share Index was up 2.1 points at 1,631.5. Among 30 share constituent
      814 words
    • 373 15 STOCKBROKER Lin Tah Hwa, who is charged with 22 counts of cheating 14 banks, has applied to have his case transferred to the High Court. He will be filing an affidavit to support his application. This must be done before
      373 words
    • 39 15 NEPTUNE ORIENT LINES said Mr Lum Choong Wah was duly elected as a director of the company at its recent AGM. He replaced Mr Ho Cheok Sun who has retired and did not offer himself for re-election.
      39 words
    • 716 15  -  Pre-tax figure put at $41.8 m By AMY CHEOK UNITED INDUSTRIAL Corporation, which is making a takeover bid for Intraco Ltd, has forecast group pre-tax profit of $41.8 million for the year to end-Decem-ber 1966. In its offer document issued to Intraco shareholders
      716 words
  • Page 15 Advertisements
    • 143 15 This announcement appears as a matter of record only. SGS SGS SEMICONDUCTOR (PTE) LTD. 5550,000,000 5-YEAR REVOLVING UNDERWRITING FACILITY unconditionally guaranteed by STET-SOCIETA FINANZIARIA TELEFONICA pA (incorporated under the laws of Italy) arranged and managed by SINGAPORE INTERNATIONAL MERCHANT BANKERS LIMITED (SIMBL) underwritten by OVERSEA-CHINESE BANKING CORPORATION LIMITED BANCA COMMERCIALS
      143 words
    • 1350 15 SHARE CAPITAL STATUTORY RESERVE UNAPPROPRIATED PROFIT TOTAL SHARE CAPITAL AMD RESERVES DEFERRED TAXATION LONG TERM UAMJTKS Deposits matumg •Her 12 mths CURRENT UAMJTKS Deposits maturing wtfhn 12 mths Amount owng to subsalary company Trade creators Other creators and accrued expenses Provision tor taxation ASIA BUILDING SOCIETY LIMITED AND ITS SUBSIDIARIES
      1,350 words

  • 343 16  -  By HOMER CHEN THE 41 REMISIERS with troubled stockbroking firm E G Tan, who (ailed in an earlier attempt to obtain the return of their deposits through the courts, are trying again. Last week, they filed a second suit. This time,
    343 words
  • 134 16 AFP INVESTIGATORS have uncovered evidence that unspecified political groups were behind the recent riots which rocked the southern island resort of Phuket. Interior Minister Sithi Chiraroj told a press conference in Bangkok yesterday that investigators had evidence that "certain groups of people, including
    AFP  -  134 words
  • 114 16 Reuter CHINESE PREMIER Zhao Ziyang said yesterday that there was no plan for President Li Xiannian or Communist Party chief Hu Yaobang to retire at the party's next congress, scheduled for late 1967. Mr Zhao was at Beijing airport to welcome home Mr Hu after
    Reuter  -  114 words
  • 643 16  -  By MARGARET THOMAS QUESTIONS that BrigadierGeneral Lee Hsien Loong had to answer in two meetings in Washington on Wednesday were predictable. There was interest in whether a new generation of Singaporeans with high expectations had the discipline needed to pull the economy out of
    643 words
  • 537 16 SINGAPORE has told the US it would like to link the negotiation of a bilateral copyright protection arrangement to the question of its graduation from the Generalised Scheme of Preferences (GSP). The issue of special copyright protection in Singapore for US
    537 words
  • 90 16 Reuter COMEX GOLD futures reached new highs for the week on buying by speculators in early trading yesterday following reports that Middle Eastern traders bought gold overnight, but the upturn attracted dealer selling. Gold for delivery in August held a minor loss of US$O.2O at U*****.90 an ounce
    Reuter  -  90 words
  • 421 16 SGS SEMICONDUCTOR will freeze salaries of about 400 executives who are up for salary reviews in July in a move to support the government's call for a wage standstill. The Italian electronics company, with about 600 nonbargainable staff, will also encourage
    421 words
  • 242 16 CIVIL SERVANTS must put in more effort to help make the courtesy campaign a success, Second Deputy Prime Minister Ong Teng Cheong said last night when he launched this year's National Courtesy Campaign. Courteous Civil Service was not Just smiling officers with a "good
    242 words
  • 72 16 Reuter SOUTH AFRICA'S whitedominated government has announced that there would be no quick end to the national state of emergency. State radio yesterday broadcast a speech by Law and Order Minister Louis Le Grange in which he said the government was "determined to apply the state of
    Reuter  -  72 words
  • 331 16 Bernama ASEAN yesterday expressed concern over the current trend of Japanese companies transferring their investments to the US to override American protectionism. Leading the Asean delegation in the dialogue with Japan in Manila, Malaysian Foreign Minister Tengku Ahmad Rithauddeen said Asean hoped that Japan did not regard
    Bernama  -  331 words
  • 50 16 Reuter WALL STREET stocks pulled lower in early trading yesterday as a two-day rally faltered. Utilities were higher in a continuation of favour for inter-est-sensitive issue. The Dow Jones Industrial Average was off five to 1880. Declines led advances by a «mall margin on 19 million shares.
    Reuter  -  50 words
  • LATE FILE
    • 47 16 Reuter SOUTH KOREA Is considering reducing its projected 1966 foreign borrowing because of expectations that it will post a current account surplus of about US$5OO million this year, Finance Ministry officials said yesterday. The original forecast had been for a balanced account.
      Reuter  -  47 words
    • 48 16 Reuter THAILAND will cut the domestic retail prices of oil products by an average 6.8 per cent, effective July 1. The cuts, the third since February, reflect lower costs of oil imports, which make up about 64 per cent of petroleum consumption.
      Reuter  -  48 words
    • 40 16 Bernama MALAYSIAN TELECOM will be privatised on January 1 1987 instead of August 1 this year, as announced earlier. This was stated by Malaysian Energy, Telecommunications and Post Minister Datuk Leo Moggie in Kuala Lumpur yesterday.
      Bernama  -  40 words
    • 75 16 AFP INDONESIA and Australia yesterday began two days of talks in Jakarta on the joint development of a potentially oil-rich stretch of ocean in a disputed area between the two countries. The talks are round eight in a series which started in 1979 as
      AFP  -  75 words
    • 56 16 AP SOUTH KOREAN Culture and Information Minister Lee Won-Hong told American businessmen yesterday that "only a handful of radical leftist students" were involved in anti-American activities to dramatise their political cause. But "Koreans have resolutely rejected the demands of the radicals and denounced their revolutionary
      AP  -  56 words
  • Page 16 Advertisements
    • 234 16 WuW L_ ~al: PRIME INDUSTRIAL PROPERTY o Location Johor Baru/Pasir Gudang corridor o Easy access to residential estates in Johor Baru, Pasir Gudang and surrounding areas o Site area approx. 10.5 acres o Built-up area approx. 110,000 sq. ft, comprising factory area with office floor and other ancillary buildings o
      234 words
    • 8 16 MlfiA JkAHIMAIUI niDf company n#aos maka a confession,
      8 words
    • 9 16 US trading partners urged to buy mora, Paga 4
      9 words
    • 128 16 Ttw iNvar report was unavailiblc at pran tint# Expatriate executives (0 See our invitation below Still looking for accommodation? Dissatisfied with your present arrangements? You owe it to yourself, and to your family to visit us at Ardmore Park the "Mini-United Nations of Singapore" where you'll experience convivial community living
      128 words
  • Page 16 Miscellaneous
    • 54 16 Outlook foe today: Fair, except for showers in the lot* morning. Rep< ort for 24 Hours prior to 7.30pm on Juno 26 at the airport: Maximum temperature 31.5 Associated humidity 75 Minimum temperature 27.5 Associated humidity 86 Hours of sunshine 4.60 Roinfoll in millimetres 4.1 Romfoil this month 79.1 Rainy
      54 words

  • SHIPPING TIMES
    • 153 17 FOLLOWING the attack on the C H Tung VLCC Energy Mobility, the Hongkong Shipowners' Association has joined in the growing clamour for the United Nations to protect merchant shipping in the Arabian Gulf. HKSA director, Mr Michael Farlie, told Seatrade Week: "It is
      153 words
    • 431 17  -  By JUNE LIM LOSSES IN THE Straits-Tai-wan-Japan trade have caused Swire Straits Container Line to reconsider its participation in the service. The Hongkong-based company has notify the Jascol consortium, a grouping in which it is a member, that it will
      431 words
    • 314 17 HONGKONG International Terminals (HIT) has been forced by container lorry drivers to improve its handling facilities at Kwai Chung container port. According to Lloyd's List, the situation erupted last week and reached crisis proportions over the weekend when 200 drivers blockaded the
      314 words
    • 157 17 UPI TWO OF THE Tung Groups principal creditors Bank of Tokyo and the Industrial Bank of Japan are trying to organise a US$25O million loan package that would E»rmit purchase of at ast some vessels. Sources familiar with the process firmly
      UPI  -  157 words
    • PORT SIDES
      • 84 17 Reuter A CARGO reservation scheme giving the stateowned Ceylon Shipping Corp, CSC, preference in carrying freight imported by the government has been extended for a further year from May 1986, a CSC spokesman said. He said the cabinet approved an extension of the scheme, started in 1982
        Reuter  -  84 words
    • 1295 18 A LOWER TREND for grain fixing from the US and more active iron ore and coal chartering featured the freight market on Wednesday, ship brokers said. The lower level of 15.15 is reported to have been paid for grain from the US Gulf to Norway while a charterer
      1,295 words
    • 869 18 Seatrade OFF BALANCE sheet lending is a growing phenomenon that is causing even faster growing concern among bank supervisors and regulators in ail the major capital markets. The issuing of paper instead of actual money is one of the oldest tricks in
      Seatrade  -  869 words
    • 567 18 THE AMERICAN Hull Insurance Syndicate is set to introduce important changes in the treatment of claims which are designed to speed up settlements and reduce costs. Specific details of the new scheme have yet to be announced, but it would
      567 words
    • 93 18 AFP SITMAR CRUISES of the United States placed an order worth over US$3OO million with Chantiers de L'Atlantioue of France for two cruise ships each taking up to 1,700 passengers. The diesel-electric powered ships with crews of 680 will be used
      AFP  -  93 words
    • 870 18 AB Shpg V 5 Heung-A VI 3 Accord Shpg VI 3 Hinode Kisen vw 1 4/5 Afeo Line VI 3 Hoegh Lines VI Ahrenkiel Liner X 'i 3/4 4 4 3 Hoegh-Ugkmd VI 4/5 AC Toepfer Anro Service Aqua Lines Arrow Lines A Has Line X IV
      870 words
    • 176 18 NYT THE EAST Asiatic Company's J Nakskov Shipyard in southern Deamark win be run down and 2 up to 700 of the labour force of 840 will lose their Jobs next year, EAC's chief executive Mr Henning Sparsoe told the* labour force. He said the
      NYT  -  176 words
    • 264 18 INCOTRANS's weekly Gulf Europe Service to the US Gulf and South Atlantic ports will be Integrated into a new company Gulf Container Line which will be managed by Atlantic Container Line Services Ltd (Southampton/UK). The two Incotrans ships operating
      264 words
    • 175 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      175 words
    • 460 19 Lloyd's List AFTER SEVERAL years of financial difficulties, the Waterman Steamship Corporation could become the first US flag carrier ever to emerge from Chapter XI of the Federal Bankruptcy Code. A federal court judge in New York approved a reorganisation plan to free Waterman
      Lloyd's List  -  460 words
    • 435 19 Reuter FRENCH shipyard workers on Wednesday ripped up railway lines, blocked traffic and occupied town halls in southern France in protest at government cuts in subsidies to the industry, trade unions said. The action followed Tuesday's announcement by one of France's two
      Reuter  -  435 words
    • 168 19 TWO MAJOR West German shipping banks have announced credit belttightening measures to cope with a continuing weak market, says a report in Fairplay magazine. The Deutsches Schiffsbeleihungs-Bank in Hamburg says the current crisis is the worst ever. To cope with the appalling
      168 words
    • 378 19 Juno 23-20 9th International Tug Convention and Exhibition to be held at the Royal Garden Hotel, London. Contact: Thomas Reed Publications Ltd, 36/37 Cock Lane. London BCIA 9BY. Juno 24-20 ROV '86, 4th annual remotely operated vehicle conference and exhibition, Aberdeen Exhibition 4 Conference Centre, Bridge of Don,
      378 words
    • 160 19 were mentioned. Seatrade Week IN THE WAKE of the major restructuring of UK shipbuilder» announced last month, the government has agreed to a £57 million increase in British Shipbuilders's external financing limit, from £73 million to £130 million. A large part of the extra funding
      were mentioned. — Seatrade Week  -  160 words
    • 5980 20 3®aBG)gEB 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
      5,980 words
    • 820 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movamant Ship Voy data/tima Operator cargo schadula Location E Grond 008RE 27.6.86 1900 Green Asia F1 0900-1000/1000-1100 L3/N3 E Gifted 009RW 286.86 1600 Green Asia Fl 1500-1600/2030-2130 L2 Folstria 662N 28.6.86 0700 Bakke Sime
      820 words
    • 567 25 AT CONVENTIONAL WHARVES 1 SEMBAWANG WHARVES Aloha Faith S3 25.6.£ 6/12 .6 8 6/14 30 oerm Arrival Departure Hunter ST 26.6.8 6/18 502> .68 6/23 6/07 59 KEPPEL WHARVES Kota Pelangi K31 U.,/« nn .k/.n Marneuli S5 26 6 8 6/14 4502 7A v> alongside 27.6., 27.6.4
      567 words
  • Page 17 Advertisements
    • 747 17 Concise Comprehensive Contemporary lH FEDERAL M AfCfltS V 70 Sheflton Way #04 03 Manna House Singapore 0207 «Mfr TO *****H TELEX NO RS ***** mfSt%m\ CFS OFFICE IPC #***** TO *****31 and 2220(32 ygy' Terminal otto TPC #***** Tel *****90/*****93/*****01 DBI PESMA JMDK 9*fW MSKSS SOU RM>. PETAL HG JAVA
      747 words
    • 66 17 OFF BALANCE sheet lending is a growing phenomenon thot is causing even faster growing concern among bank supervisors. P«g« II AFTER SEVERAL years of financial difficulties, the Waterman Steamship Corporation could become the first US flog carrier ever to emerge from the Federal Bankruptcy Code. P«g« 111 Index to advertisers
      66 words
    • 861 17 HT s-*« J 1 MAERSK UN E FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM 9 DAYS SINGAPORE/BAHRAIN 10 DAYS EAST. WEST AFRICA ASIA US Gul! US A'larti. F.-i *CY 30/0 1500 MB crc »/«23t0 m *Smppart Qnm Taw *CY 30/t 1500 MB CES 29/0 2300 MB ta Part
      861 words

  • Page 18 Advertisements
    • 191 18 YAMA3HITA-SHINNIHON LINE TRANS-PACIFIC SERVICES T? am 7^* OS D 9 VtM n/um VJTWM JHT mum in wum *'/j iivarm it/tAi 1.1-i ..M. J paPMPJiII I TAT^MX" lEizaas as mmPE I"' iii.WIMU'iB iK'iiiwi ~mmejmi*&■ng imrmr ■mm MIDDLE EAST Full Container Service (A member of Oasis Consortium) rrwr .L'k TRANS SIBERIAN SERVICE
      191 words
    • 149 18 Supercarrier Service ITTTZF&FJI v:±:M u/i M/t 11 vi *1/1 »/f 123/7 I VI VI F«3B riHB IJiHI Uifli Mart* I Fiwdm. (MM Madrtaa a 4 ta Hap «k L tap*. CMart« to* Ante. Caracas. PMpstxrt Part a< S»a*. HamMoa. *a»rto«. St Jot*, taat Tarn. Cartnts, Fart Fraaca. Part A Pure
      149 words

  • Page 19 Advertisements
    • 528 19 QCL Overseas Containers Limited I CONTAINERSHIP SERVICE TO UK CONTINENT Abo Accaptng Cargo For. 17/7 M/ 7 nn nn an nn tut wt 11/1 13/t 11/1 M/t rut rut n/» m/i •7/9 m/t Wt M/l •7/1 M/ 1 nn nn nn ji/7 a/7 a/7 a/7 a/7 M/t »v» m/i m/i
      528 words
    • 589 19 Franco Belgian Services (MEMBER OF ACE CONSORTJUMi rrat pjsurg u mn 2 M (M Jm) 21 M IM 7M) MM It W (14 W) 4M| OM (21 JM) 11 Ml 22 M MM IM 27 M 2IM MCATOi 2>M 3i m 2a* i»m *Mi «*xonro 5M| 7MI IN 1* M|
      589 words

  • Page 20 Advertisements
    • 633 20 w Hapag-Lloyd TO CONTINENT/UK EXPORTS fpn PMm|Nmv Laaiaasßto in 4/7 J/7 11/7 13/7 7/1 Gam Iki] 44m lm A'wwf a/7 2/1 23/1 14/4 14/4 12/1 FROM N. CONTINENT &UK IMPORTS Agent! SEGANI *****66 K. Unpv *****25/6/1, *****19, 733(349 *****71 P. Ma* 36(7311 *****00 CfS *****50 *****41 Ptnanc *****7, *****2 *****33
      633 words
    • 1492 20 r EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) sgp Kt is at nt o> no gram kM k/i 1/7 j/7 V 7 Tj fW L£*l 2/7 V 7 7/7 9/7 IV7 14/7 f** Mil 11/7 11/7 U/7 IS/7 19/7 21/7 noauw 17/7 29/7 n/7 2 J/7 S2 S?!5. H/1
      1,492 words
    • 244 20 US I NOSE u MARITIME PTE LTD i ISLAMIC REPUBLIC OF IRAN SHIPPING LINES SERVICES Slogan LmAk far 6/7 6 mm KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC SPORE PKataai Loadtaf tar Sun Hores 8/7 Lac, Orefeajr, Honari Oceania Courier 12/7 -a- HVWjff LM| RHV SIB SUN UNION LINE
      244 words

  • Page 21 Advertisements
    • 691 21 snirrinu iinris, r nuay, «uur t,t t iwo V\v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 MAJARAMT OOWA KOTA SMOA FAR EAST CONTAINER SERVICE 8M XT HY SIN NKO KAO TCH KK BUB 20? 125 52? SS? M/S 2/7 4/7 *n H/7 12/7 12/7
      691 words
    • 683 21 BENLINE CONTAINERS 17/7 11/7 24/7 21/7 a/7 S/7 21/7 21/7 »/7 M/ 7 2/1 VI VI V 4 11/1 12/1 14/1 IVI 17/1 M/l 17/1 11/1 2M 22/1 2 vi a/i a/i 77/1 a/i M/l l/f ia ia 7/» v» a/* iv» aa iw im w w a/$ 25a Tt/%
      683 words
    • 381 21 x:: e EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE S>n LAi Mm/Mm IMq/tan HfkTMMT VIS4S 27-2S/J 24/7 27/7 31/7 TttOmK* VMS 5-7/7 31/7 1/1 «-*1748 14-14/7 l/l Vt 11/1 IVI IHM no IWM/nMI VMS WAT 4MB 24-34/7 It/I »/l Z/S rroi mm no vmvrmiman Wf-UM 4-11/4 V» 1/1 14/1 IV4
      381 words
    • 201 21 BOUSTEAD SHIPPING AGENCIES IASSON m PMK V97W MBM VIWN BURMA FIVE STAR (Burmese National Line) LoaAif far Ranfotn riaiHi S'para 77/21 fea 2/4 M 7/1 M 5/7 M 2/4 M V* BANK LINE (FNB parte Nrt Mraky/KMa/IM/IMtAM) IYUN D A I MERCHANT MARINE BULK TMKR AND PLYWOOD SERVICE usa service
      201 words

  • Page 22 Advertisements
    • 1096 22 .fib. USA CANADA R. GARNET V 4 0. FREEDOM W FJL BHDS V23/G.W. BRDGE VI a PATRIOT *30 The World Service) STOK IB 1 M 26 Jul 8 Jul 2 Aug 8 JM 8 Aug 19 JM 12 Aug *jKline KAWASAKI KISEN KAISHA, LTD. PACIFIC COAST PACIFIC SOUTH WEST I
      1,096 words
    • 712 22 m we AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Feeder P Man* OABARV26 28 Kin ESTICIIPffR VS 27 W CAIABAfI V 27 10 Aug lK*f Vessel Sport Meft frtm Sydn Also Accepts RAVDAS V 3? 10 W »M 3Am 31 W Add/8m KAMOMS vn 24 W 14 Auf 23 At*
      712 words
    • 603 22 GOLDEN LINE GUAM 6UAN SHFPMG (PTE) LID •1M m U4IMS (II IKS) STRAITS/PERSIAN GULF SERVICE: s*< P Umi Pnan( COLOE* an &>to«to/lUr»cto/Rwc«l/o*to GOLKN mo <*o(»to/ll»r«cto/0*»/B*r«ii vim 12/14 My ±L Fa Cjrf* to Mi a* GUAN GUAN SHIPPING SDN. BHD. P KELANG T* 03-307*1, *****04-7. T«t»i Nr MR ***** PfIMNG T*
      603 words
    • 467 22 INTRASEA (PTE) LTP 10 Anson Road "27 16 International P!a/a S-nqapore 0207 Tel *****1 1(1 0 Lines) <► BREAKBULK SERVICE TO EUROPE/UK PHILITRON SHIPPING AGENCIES PTE LTD TEL *****22 8 LINES) TELEX RS ***** PHILI VEEU.T ICI I FCt CUSTOM -EAST V 7. 11/7 \sn.nn. vt n/i. 1/7 4/7 2
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  • Page 23 Advertisements
    • 567 23 iHlrrinu i itilo, r nu»y, iuiit <,i f uoo Vpw. fCrnM AGENCKS PTE. LTD. H EU/MBT TPJ/SU Id Hi .Met Tannui CfS BOOURC *****77 *****53 *****42 *****77 2J126H Oi BKCT IMS 27*11» 77*111 NEPTUNE ORIENT LINES LTD f*r mmmt ir«|M m+mwi pkai at ******4 Plata* NEPIM SON. WD. *****87/*****45/*****63/36W426 K
      567 words
    • 302 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON srow sums NIP I UNI AGINCIIS Pll lID Irl 71%9977 ?/PS4)4 (Book«i r ???7blo (Opfrjlhxv,I ??09?84 ilernwull ??0?is0 ??O?bM ICI Si M«, »U NTS IIINAS SIIIA SON BHD K! Irl ?740*>96 ??40'>9 P> Id *****64 3b804?0
      302 words
    • 478 23 m sinsov SINGAPORE SOVIET SUPPING CO PRIVATE LTD SINSOV BULDMG 55. Market Street Singapore 0104 Ttt *****33 (15 Linn) T< Cable Address SINSOV SMGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANC M/S SHAMKAT NAH SOON SDN. BHD IST ANO 2ND FLOOR. NO 1. JALAN CEMPENMG. PORT KLANG.
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  • Page 24 Advertisements
    • 323 24 f REGIONAL CONTAINER LINES TO BANGKOK (5 WEEKLY SAILINGS) rTT-BMRTai i. iilinn ii''lll! M 1L.*..: .j EES rr^ \rsm ifTj (r;.-. ii iIT I.A TBTTa mrorrfl \HI CZJHEUZa »n LU --1 i THAILAND ki srrHirar np ''-iTI rm P f r rn OCT r n FT* i MALACCA STRAITS FEEDER
      323 words
  • Page 24 Miscellaneous
    • 175 24 Regional Weather V i 71 'if v J5 "N re -N %1 b.% VX° is i > 4 s K M& *2 <2 >? SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. °c a w Wind direction with speed in knots Wave height LEGEND R Thunderstorm #C with
      175 words

  • Page 25 Advertisements
    • 194 25 LIZENA PTE LTD 3.i J,hi;* lilh i| Tr- i IN ETA FID CALLMG IWMII2/N kM 38/ i TBC WMMWII K/K kM ki tat CTG ST* MM n/m bM bM CALCUTTA TMn KTI VK/M ki tat 1/7 NMWAS AGENTS: BAYANIHAN SHIPPING PTE LTD T«fc *****18 (8 Unas) Tlx: M ***** BAYHAM
      194 words
    • 239 25 RT. PERINTIS LINES SINGAPORE/INDONESIA w**ty m c***m s«*. VESSEL VOY SINGAPORE JAKARTA PRASETIA 4748/86 27/6 »/6 49-50/86 4/7 8/7 51-52/86 11/7 13/7 General Agents: Asia Perintis Lines Pte Ltd Tel 2258 f33 REGULAR LINER SERVICE TO INDIA/BANGLADESH PORTS. MAMA BETI VOY 23/86 PAN VOY 10/86 ETA ETC DESTMATKM ta Port
      239 words
    • 364 25 PNG PACIFIC LINE S'porc P. K elanj LOADING FOR TON 10/7 11/7 POM La#, <*», KM*, Rabaul Subject Inducement. Also cafc other PNG ports SINDIA NAVIGATION S.A. A VSL 30/6 COLOMBO (DMECT) ANDEKA SHIPPING PIE LTD Tel 224W4'.. ??b3?50 Tele* RS «5b?97 fINSHIP XX) HWA SMPPMG (PTE) LTD U 445
      364 words
    • 174 25 BOMBAY EXPRESS FCL LCL SERVICE PTE LTD. WEEKLY SERVICE TO BAT AM DUMAI VESSEL ETA ETO DESTINATION GUNTUNG JAVA BARU 23/6/86 28/6/86 BAT AM/DUMAI BG: SEJAHTERA I 2/7/86 5/7/86 BATAM GUNTUNG JAVA 1/7/86 6/7/86 DUMAI Tlm Fbn 7500-A, Buck M #06-31«/31§, 3ta| T«t *****31 (4 Lms) Ttfu: IS ***** 11
      174 words
    • 178 25 .GLORY NAVIGATION TAIWAN TO SMGAPORE t ASEAN MRECT MEEKLY TO PORT KELANG/PENAMT •AT ATTRACTIVE RATES* KHEM TUNC M 7 SM 6. SELATAN *11 *39 SM 28/8 fi. SELATAN V 3/7 6 SELATAN NMI 11/7 13/7 IS/7 I 3k '.XV *fr !TtlT r V V' ABLE TO UR AGENT I OCEAN
      178 words

  • Page 26 Advertisements
    • 398 26 EXPRESS CONVENTIONAL SERVICE TO AND FROM UK/CONTMENT TO: "EUROPE M It MM STQK PJOMC POMNS F«: UK MMT 4/7 M 9/11 M 11/12 U IJ/1I M KNIMHS 3/4 M S/t M 7/1 M 12/15 M MM. AW. HUU lir« 2/3 Ami 4/5 tag «/7 ft* S/13 ft* IK. MM. MP,
      398 words
    • 410 26 HEAP SENG TRADING SHIPPING PTE LTD 6001 BEACH ROAD #13-01 GOLDEN MILE TOWER SINGAPORE 0719 TEL NO. *****22 (S LINES) TLX NO. R8 ***** HEAPCO km ntmm Mr 2 m Mr Mr 1( Mr 17 Mr it Mr «:ssa *0T ho. Rtll Hlfw rwunj PM(< Afwt: SOUTH HIM 1/2 Mr
      410 words
    • 636 26 1* C.Y. LINE (A Mtmbtr Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FULLY CONTAINERISED SERVICE TO EUROPE (VU SUEZ) icnuK amm 3sn KOKAN OttftCt 27* Stw* St AS BHDS IOCtTOR V39W Spm. 2/7 »/7 w n 23/7 21/7 22/7 14/7 2S/7 27/7 2J/7 2t/7 21/7 11/7 2/1 3/1
      636 words
    • 742 26 rA Everett Lines COMPAMA PERUANA DE VAPOREES (CP.V.) j "PERUVIAN STATE LINE" Load** *<» CaAao Mataram lo and ai oftcf Perana* ports otOi translapnwnt al Kote M On CFV Thioiifti Ms ot Ladmf to hnal destination *A Penanf P. I*m HUGttVERETT MANOLOEVERETT iOMCVEAETT 27/21 J» 6 7 M 21/23 M
      742 words
    • 258 26 ZIM NOM-CONFOKNCE MCHNHMT FUi CONTMfX SBBdCt au»*i| car {Mi to USA East t West C*ast CaitowOiit Canto ato HMD ZIM EUT CONTAINER UNE nw HE «a RS 0t m/ 7 (no) wt nn nn nn wm %n \%n nn nn v* in Fa Tt tmpM ato Mitoi nn ftrfe. Mm
      258 words