The Business Times, 10 July 1986

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 THURSDAY, JULY 11, 1981 75 CENTS
    12 words
  • 457 1  -  Currency expected to remain within $2.15/25 against US unit By ALVIN TAY THE SINGAPORE DOLLAR, which has been trading between 12.15 and $2.25 against the US dollar in the past three months, is currently at a comfortable level, said the Monetary Authority of
    457 words
  • 481 1 LOWER INTEREST RATES and a weaker Singapore dollar have enabled the Monetary Authority of Singapore to return a record net profit of $958 million for the financial year ending March 1966, reflecting an annual increase of 14.6 per cent over the previous
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  • 163 1 THE CALL for tax incentives and the modification of the Stock Exchange of Singapore'* computer system are two major issues which have still to be resolved before the proposed Unlisted Securities Market can take off in September or October. The Monetary Authority
    163 words
  • 219 1 SELLING pressure after the morning tea-break erased gains made in the early morning. As a result, the market fell sharply across the board. The BT Composite Index tumbled 9.30 points to 616.35 and the Straits Times Industrial Index dropped 10.85 points to 722.61.
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  • 337 1 Reuter INDONESIA, battling to revive its sluggish economy amid slumping world oil and commodity prices, yesterday announced cuts in some domestic fuel prices to help its weakened industries compete better in world markets. Mines and Energy Minister Subroto said after a Cabinet meeting
    Reuter  -  337 words
  • 100 1 THE PRIME MINISTER and his colleagues have sent a congratulatory message to Japanese Premier Yasuhiro Nakasone on his Liberal Democratic Party's overwhelming victory in the recent general elections. Mr Lee Kuan Yew said: "It is a great tribute to your Judgement and leadership. "This renewed confidence
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  • 247 1 FINANCE MINISTER Dr Richard Hu has indicated that the government will be ready to consider majority foreign ownership of stockbroking firms in about two years. He made this view known at a meeting with MP David Howell, a former British
    247 words
  • 537 1  -  By NAJEEB JARHOM ORCHARD HOTEL, the prized asset of the collapsed Pan-Elec-tric Industries, has been sold to City Developments, the property and hotd arm of the Hong Leong group, for |3B million. As consideration, City Dev is issuing 29.32 million new 50-cent
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  • Page 1 Advertisements
    • 156 1 Cassette Receiver H2 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone; *****22 Kuala Lumpur Phone; *****3 g: Phone; *****5/*****1 Jakarta: Phone. *****5 RE-OPENS IN STYLE! LOUNGE/DISCO MADE BRAND NEW WITH DISCO! Surround yourself m 3 fu y carpeted plush setting and luxurious leather upholstered chairs Embark on a mystical
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    • 249 1 MONEY a EXCHANGES RAW MATERIALS LETTERS CROSSWORDS TV S RADIO SRISTOW OUR VIEW SPECIAL COMPENSATION for expatriate MRT staff is justified because of the unique situation they are in. There may be others deserving similar treatment. But each case must be carefully evaluated. In future, such situations can be avoided
      249 words
    • 285 1 OH to FuN report, Pag* 13 lnt*l stocks, Pago 10 Asian stocks, Pago 11 The si of excellence Beauty, in its most profound sense, is more than a harmonic composition of form and colour. In the philosophy of Rado it signifies clarity and simplicity, style and perfection. All these attributes
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    • 66 1 _(=_"!"'^->(!:])%[`)."|]-;/$'}" A long-term game WITH A US$5O,OOO world chompionship women's tennis tournoment in October end a Uis 150,000 men s challenge tennis tournoment either in October or Joniiory, foreign sports promoters ore signalling rneir conTioence ttkjt sucn ventures con oe prOTiTOD»e in Singapore. But con these ventures really work in
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  • HOME NEWS
    • 475 2  -  Heavy promotion for new Wisma Atria outlet By GOH YEE LING THE NEW ISETAN Orchard is expecting its cash registers to ring in one million dollars worth of sales today when it opens at the Wisma Atria. The management is also projecting about
      475 words
    • 516 2  -  By ALVIN TAY THE SINGAPORE branch of the Hongkongßank plans to sell its five remaining properties worth $18.26 million to its whollyowned subsidiary, Collyer Quay Properties Ltd. These properties are now mainly used to house the bank's business operations. If any of
      516 words
    • 267 2 MORE SPECIALTY department stores, giant general merchandise stores and specialty shops are likely to emerge on the Singapore retail scene in the next decade, says Mr Steven Goh, the new managing director of Metro PteLtd. Such stores and shops had already emerged in
      267 words
    • 156 2 SHOPPERS need no longer wait for Metry to offer lucky draws to get a windfall. They are now able to court Lady Luck in other ways at some Metro stores. Three Metro outlets have begun selling 4-D and Toto. The stores were
      156 words
    • 548 2 SELLING COCA-COLA soft drinks through the post-mix machine was Eraser and Neave's approach to capturing a bigger share of the market in Singapore, said a visiting senior executive from Coca-Cola. "It is a natural, distributionefficient, space-efficient means of selling soft drinks in urban
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    • 145 2 IMPORTS of Coca-Cola canned soft drinks by unauthorised agents into Singapore have been virtually eliminated, said a senior executive of the American bottler company. Dr R I Fen ton-May, Coca-Cola'«..vice-president technical manager for the Far East, said parallel imports now amounted to less than
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    • 400 2 ARGENTINA and Brazil do not sprout only world-class soccer teams they and their Latin American sisters Chile and Panama offer ample trade opportunities for Singapore exporters as well, particularly those dealing in computer equipment and services and electrical goods. Various investment and tax incentives have been
      400 words
    • 349 3  -  By BOEY KIT YIN HEWLETT PACKARD will send a senior engineer with managerial skills to the Enterprise Bureau (SEB) under a new government scheme to help local suppliers upgrade. Mr Wong Yean Seng will be attached to the SEB for an
      349 words
    • 175 3 PROFESSOR Alan E Heimert, an authority on American literature of the colonial period, will be the next Lee Kuan Yew Distinguished Visitor. His appointment to from July 36 to August 15. During his stint in Singapore, Professor Heimert, 56, will deliver two public lectures
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    • 221 3 A LITRE of diesel costs 35.4 cents at petrol stations today, cheaper by 2.8 cents. A statement from the Trade and Industry Ministry said the price cut was due to a reduction in the posted (wholesale) prices of oil companies.
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    • 413 3 MISS TOURISM can now be over 25. Hie Singapore Tourist Promotion Board has extended the age limit (or contestants to 30 in the hope of attracting more "knowledgeable, mature and confident" young women to vie (or the title. The board reckons that
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    • 106 3 MOUNT ELIZABETH Hospital, which is building South-east Asia's first fullservice cancer centre, has installed a $106,000 breast Mtnrmr detection machine The Siemens Mammomat BE mammography examination unit, said to be the first of its kind to be used in a private hospital in South-east Asia, was installed
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    • 394 3 ONE IN 30 people who were screened last year for noise induced deafness (NTD) waa found to be a victim. Last year, more than 27,000 workers exposed U> excessive noise were screened. Of these, 1,423 new cases were detected. "Fortunately, 99 per cent of
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    • 660 3  -  By ZHOU MEI Economics Correspondent DESPITE the recession, the momentum in training built up over the last few years has not slackened. Last year the Skills Development Fund (SDF) committed 969.9 million towards training. This was an increase of 23 per cent
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  • Page 2 Advertisements
    • 237 2 IF YOUR RECEPTIONIST IS ALWAYS ENGAGED, GIVE OURS A RING 468 5633 BEEP BEEP BEEP Few things in life are more irritating than making an urgent telephone call only to be greeted by the engaged tone. Who can tell how much business islost by potential customers who try and try,
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    • 65 2 For the month of July, our chef will prepare an extensive spread d American food to commemorate American Independence Day. and what better way to celebrate then to enjoy an evening with your beloved and friends with a candle-light dinner, complemented with wine and strolling minstrels. Our special menus are
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  • Page 3 Advertisements
    • 166 3 Thm Enterprise column hit Kmmi Exclusive. Close to Tanglin. A lowrise development on an attractive sloping site lush with foliage, and an incredibly beautiful waterfall. i Waterfall Gardens ROAD HOLLAND VILLAGE o Only 3 minutes from Holland Village, 6 minutes from Orchard Road. Only 44 apartments, all exclusively for rent.
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  • Page 4 Advertisements
    • 166 4 NOW ALSO AT ISETAN, WISMA ATRIA The Titanium Lighter Das Titanfeuerzeug La Briquet en Titane i Accendino in Titanio PORSCHE DESIGN The Garment Bag Der Kleidersack Le Fourre tout La Borsa Portabiti PORSCHE DF SIGN ill w D CI The Ultra Sport La Ultra Sportive Die Ultra Sport L Ultra
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  • ASIA-PACIFIC
    • 419 5 Reuter PRIME MINISTER Yasuhiro Nakaaone's overwhelming election victory has paved the way for a complete overhaul of the Japanese economy, analysts said. Mr Nakasone has said he plans to push ahead with plans to switch the engine of Japan's economy away from exports
      Reuter  -  419 words
    • 207 5 AFP AUSTRALIAN Prime Minister Bob Hawke appealed at the ruling Labour Party's national conference in Hobart yesterday (or trade union restraint in the (ace of mounting industrial unrest and rising inflation. Mr Hawke told delegates to the party's biennial conference that die (all in prices
      AFP  -  207 words
    • 147 5 AP AMERICA'S top military commander in the Pacific says he is "a little impatient" with Americans who question Japan's commitment to defence in the Pacific region. Admiral Ronald Hays, the commander of US military forces in the Pacific, said that the
      AP  -  147 words
    • 276 5 Reuter THE PRESIDENT of Pakistan, in an address to Parliament, has warned that he would curb opposition if turmoil results. President Mohammed Zia-Ul-Haq, who lifted eight-and-one-half years of martial law last December, also used the -50-minute address on Tuesday to attack opposition leader Benazir Bhutto,
      Reuter  -  276 words
    • 149 5 Reuter INDONESIA'S Industry Minister has urged South-east Asia's private companies to speed up mutual industrial cooperation within the region. Mr Hartarto was addressing chambers of commerce and industry of Asean on Tuesday at the start of a meeting to discuss cooperation through private
      Reuter  -  149 words
    • 128 5 Reuter A COMMISSION drafting a new constitution is considering a proposal not to renew after expiration an agreement allowing the operation of US military bases in the Philippines. The two countries could sign a new treaty but the existing agreement would be deemed
      Reuter  -  128 words
    • 461 5 FT CHINESE ECONOMISTS said the country is facing severe difficulties that pose a grave threat to the country's economic reform plans, which are vital to the modernisation programme devised by leader Deng Xiaoping. This view contrasts sharply with the optimism expressed by Chinese officials,
      FT  -  461 words
    • 255 5 AP TWO US congressmen and a Washington think-tank official have urged Taiwan to negotiate a free trade area agreement with the US as a way to reduce the mounting trade imbalance between the two nations. Senator Malcolm Wallop, Representative Robert Livingston and Edwin Feulner,
      AP  -  255 words
    • 216 5 AFP PRESIDENT HUSSAIN Mohammad Ershad of Bangladesh urged India on Tuesday to implement a 1974 border agreement to hand over a narrow corridor to provide access to two Bangladeshi enclaves inside Indian territory. Mr Ershad, who made a helicopter tour of the enclaves of
      AFP  -  216 words
  • Page 5 Advertisements
    • 19 5 Two weeks :rt =2 0 llEffllffllTll A :i: w, II m stt? V-i m .*< M m K tifn k
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    • 73 5 11 )ll l< >lh] /hit It hrm frirnn\. ll Slhl/u •\nruir.' :\ivi h Ln j /S S« i I( )j IuiJ!H'H'NIIJ). )i n Vi fj,\/1 .S// lie///(•/. //A, 7 JHO//OM7 //< ,1 j la pic 11"'. 1 t I 4 J i. SL' WHYTE MACKAY 21 YEARS OLD SCOTCH WHISKY
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  • Page 5 Miscellaneous

  • REST OF THE WORLD
    • 392 6 AP A LEADING American economist urged on Tuesday the revaluation of the currencies of Europe and newly industrialised countries as a first step to help roll back trade protectionism in the US. C Fred Bergsten, the director of the Institute for International Economics in
      AP  -  392 words
    • 283 6 UPI BRITISH PRIME MINISTER Margaret Thatcher says the only way to end apartheid is through negotiations with South Africa. Mrs Thatcher, in interviews with the Toronto Star and the Globe and Mail newspapers, reaffirmed her stand against economic sanctions and said any refusal
      UPI  -  283 words
    • 314 6 Reuter THE BRITISH FOREIGN Secretary, Sir Geoffrey Howe, speaking before setting out on a peace mission to southern Africa, strongly rejected accusations of lack of European Community resolve to end apartheid. Describing the issue as "the most desperate human problem on the political agenda today,"
      Reuter  -  314 words
    • 253 6 Reuter ISRAEL'S leading security policy think-tank has warned that acts of terrorism or a clash in Lebanon could trigger a war between Israel and Syria. Presenting the report "Middle East military balance" of Tel Aviv University's Jaffee Centre for Strategic Studies on Tuesday,
      Reuter  -  253 words
    • 233 6 UPI NASA HAS responded to a key recommendation from the Challenger commission and formally set up a new office of safety, reliability and quality assurance to provide independent supervision of key systems. Nasa administrator James Fletcher said George Rodney will head the
      UPI  -  233 words
    • 312 6 AP A NEW BOOK that sells for US$335 a copy claims to open the way for business people to break into an US$ll billion market related to irrigation development worldwide. The 351-page book, "The Development Bank Irrigation Market: 1986-1990" by Nicholas H Ludlow,
      AP  -  312 words
    • 239 6 UPI AMERICANS increased their short-term instalment debt by 11.6 per cent at an annual rate in May, up from a revised 9.4 per cent in April, the Federal Reserve Board said. Consumer instalment credit outstanding at the end of May increased by a seasonally adjusted
      UPI  -  239 words
    • 426 6 Reuter THE SOVIET UNION is openly pressing West Germany to take a more independent approach on East-West arms control in a move seen by some Western experts as aimed at building up pressure on the US to make concessions. During two
      Reuter  -  426 words
    • 172 6 Reuter THE FIRST DECREE stemming from the French government's framework bill on privatisation is to be examined by the Council of State today and tomorrow before final adoption by the Cabinet. The decree details the methods of pricing and conditions of sale of the 65
      Reuter  -  172 words
    • 757 6 ARRIVALS Operator Local time From SIA SQ1I7 0005 KUL LUFT LH688 0010 FRA/DXB UA UA805 0010 JFK/SFO/HKG CAL CJ817 0010 TPE/HKG/KUL MAS MH68I 0620 KUL MAS MH811 0910 PEN MAS MH671 0920 KUL SIA SQI03 0950 KUL AC AC858 0950 YYZ/LHR/BOM CPA CX710 1015 CGK MAS MH603
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  • Page 6 Advertisements
    • 137 6 IBMiMSIS no excuse. xri- ak^'x---H Daylighters. A special membership for those who can attend during the daylight hours. Valid seven days a week, Daylighters can use the gym ana join the aerobics classes from 730 am to 5 pm. Clark Hatch is the pioneer of fitness in South East Asia
      137 words
    • 92 6 Tfele Hotel Mernatkml ANY ROOM...ANY PLACE—ANY TUNC TO FIND ft TO BOOK HOTEL ACCOMMODATION i f J SAVES TIME...MONEY...EFFORT OVER M HOTELS REPRESENTED FOR SERVICE, Damanura I'unu Damamara Kim Sut»n( Java KuaU Lumpur Klsnc Bandar \lclaka Ipoh lpoh Garden South Penan* Td OJ-7HSWO Td OV7IWJIS Td OJ-7JIM2J Td: 0V24 *****
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  • BANKING AND FINACE
    • 572 7 SINGAPORE THE US dollar yesterday closed lower against major European currencies but firmer against the yen, after a day of thin and uncertain trading. Dealers said the dollar was narrowly mixed at the outset, then firmed in early afternoon on short covering by Asian operators before weakening in
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    • 174 7 Inter bonk rates of 3pm yesterday: Local do!Ion to oao unrt of foreign Nd Offer a rooo portly ohonge US dolor Storing pound Austrofcon dolor NZ dolor Conodion dolor 2 1835 3.3451 1.3751 1.1648 1.5837 2.1845 3.3488 1.3773 1.1687 1.5850 2.8196 7.3469 3.4286 3.4286 3.4206 -22.56 -54.47 -59
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    • 450 7 BA Futures EURODOLLAR futures yesterday opened on a bearish note following uncertainty over a discount rate cut due to a newspaper report that some Fed committee members were reluctant to lower interest rates. September Eurodollar gapped sharply lower at 93J7 during Simex's opening and continued to ease to 98J5
      BA Futures  -  450 words
    • 329 7 HONOKONa GOLD yesterday closed firmer in active trading on continued shortcoverlng by local traders. Dealers said Tuesday's rise in New York and Europe amid talks that Japan plans to buy more gold to mint coins commemorating the 60th anniversary of Emperor HiroMto's accession to the throne caught local traders
      329 words
    • Article, Illustration
      121 7 THE OVERNIGHT rate on the Singapore interbank money market closed at 3-5/8 per cent yesterday, down 1/2 point from Tuesday. The term rates tell 1/16 point across the board. Motes In mraft «I Km print Discount Prices At yesterday's dose Prices offered t >y discount houses on July
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    • 269 7 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet afternoon trading. One month closed at 615/16 6-13/16 per cent, two months at 6-7/8 6-3/4 per cent and three and six months at 6-13/16 6-11/16 per cent each. Asian dollar CD rates ended steady at the
      269 words
    • 492 7 FT THE CONTINUED rapid growth in the UK money supply last month has dealt a blow to expectations of lower interest rates. Sterling M 3, the measure of broad money which is one of the government's main financial targets, grew by an
      FT  -  492 words
    • 269 7 FT AGAINST ALL expectations, India's foreign exchange reserves have risen by US$47O million in fiscal 1985-86 in spite of a record trade gap of an estimated US$6.2 billion. Hie reserves at March 31 increased to about US$6 billion, with
      FT  -  269 words
    • 124 7 OVERSEA-CHINESE Banking Corporotioo yu&crdtajr the promotion of Mr Fong Weng Phak, 45, from deputy general manager to general manager (Malaysia dtvMon). He succeeds Mr Choi Siew Hong who will retire on Aug 1 on reaching C. As general manager, Mr Fong will
      124 words
  • Page 7 Advertisements
    • 189 7 Savour a much loved Russian speciality... SHASHLIK at special opening prices. •J ft N f -■h.i-hlik .it' uiiti. .ii.il ilflu 'It 11! 11 |1. Ill' 111 U mon .iihl -ii( 111t 1 1it t ulx-s of i hour nu ,iK «hu km. L.i in I Kvt p<<rk, -k(.\M'i C(i .ind
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    • 207 7 5 Wj r K I 1 (over 15,000 sq.ft). The development is situated on such valuable land in Dalvey Estate, adjacent to Nassim Road. It will always command a premium. Large dining and entertainment areas. There is a Roman-style courtyard where a swimming pool may be installed. m 1 Large
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  • FEATURES
    • 501 8 EVERYBODY IS SPECIAL. Or so they would like to claim, especially now that expatriate staff working on the Mass Rapid Transit project are to be specially compensated few cuts in their employers' central provident fund contributions. Well, not everybody can claim to be in the same
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    • 1495 8  -  In ten to fifteen years, Singapore will be hard pressed to keep up with South Korea as that country single-mindedly pursues its economic dream to become a member of the Organisation for Economic Cooperation and Development in the *****, reports FOO
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    • 259 8  -  Lcnvn to the raiior Fry Dear 9r, As a small shareholder of Faber Merlin, I was a bit relieved to read BTs report that the company has been freed from its obligation to buy 17.2 million NST shares A nmminrtng tO Msl42 wflHnw
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    • 119 8  -  J G van Oerd Dear 9r, I would like to eapt es» my gratitude for the interesting interview of Mr Teo Lay Swee with your reporters Mr Richard Seah and Miss Elaine Koh as presented in the Business Times of June 20, 1986. The article written
      119 words
  • Page 8 Advertisements
    • 167 8 Training improves your Let BT show you how every Wednesday. 1 Catch our snazzy package during July and August and start the season off on a grand note. A 30% discount on published room rates. A tropical cocktail to welcome you in style. A tropical fruit basket. Free use of
      167 words
  • Page 8 Miscellaneous
    • 645 8 wriHJihtDtaa CRYPTIC PUZZLE ACROSS 1 Don't hit a chop with o book (6) 7 Mortage to sort out the oranges I upset (8) 8 See everybody drop in (4) 10 Drive to support the Spanish (6) 11 Signed falsely with intent (6) 14 Joined me at the end of the
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  • SPORTS
    • 397 9 UPI CASSIUS CLAY came to London at the peak of his boxing and promotional powers 20 years ago to fight hometown hero Henry Cooper but his latest arrival on Monday night as Muhammad Ali was received with less enthusiasm. Ali
      UPI  -  397 words
    • 623 9 Reuter RAIN AND bad light cut vital closing minutes from the third and final test between England and India on Tuesday, stopping either side from battling through to a dramatic win. Play was interrupted (or almost an hour in
      Reuter  -  623 words
    • 796 9  -  Tennis tournament must gross $310,000 if ASM is to break even In less than a month, BT has carried news of two foreign sports promoters organising international tennis tournaments in Singapore. Can these events be profitable? WALTON MORAIS finds out from Graeme Plum, managing director
      796 words
    • 400 9 AFP SCOTTISH GOLFER Sandy Lyle is approaching his defence of the British Open title at Turnberry, Scotland, next week with high hopes. Lyle, who became the first British winner in 16 years when he triumphed at Sandwich 12 months ago,
      AFP  -  400 words
    • 429 9 Reuter «i UNSEEDED Nigerian Nduka-' Odizor upset top seed DcvMk Pate of the US 74 74 in a round match on Tuesday seeds continued to Call at th*' US|ll7,OOO Hall of Fame chaaK ptonships in Newport. Two seeds were eliminated
      Reuter  -  429 words
  • Page 9 Miscellaneous
    • 1264 9 TO QGID'aaIDIK) m vil The tiing of Talecom 9.45pm, Channel 12 December 3rd, 1984. That was when British Telecoms went on sale in the stock market and made the day for investors in Britain and outside. But the sale of British Telecoms could have been a total disaster for the
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    • 29 9 BriStc^Fian]d)icfcezjg Rou_ on ton*gut ueis Ge T we weu_ ooT OF nece l CFSM'T UJfMT 10 GeT P>NP CLIMB INT3 t*\V CH£STG.R. PtERRY Tee SHIRT. rp= e: J c
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  • INTERATIONAL STOCKS
    • 417 10 Reuter BEHIND the record drop In stock prices this week lies I growing belief that the long-awaited revival in corporate profits may not eame until later this year •r in 1987, according to Wall Street analysts. They say the sharply lower dollar has
      Reuter  -  417 words
    • 91 10 Reuter THE UK GOVERNMENT has decided not to refer a total of five merger or takeover proposals to the Monopolies Commission, inchiding the purchase of Ted Bates Worldwide Inc by Saatchi and Saatchi PLC and the bid for NSS Newsagents PLC by Gallaher Ltd. It
      Reuter  -  91 words
    • 318 10 Reuter THE NEW YORK stock market on Tuesday added to Monday's biggest-ever 61.87-point drop with a big loss, but a late buying binge stirred hopes that a temporary bottom may have been found. Pessimism over the economy and interest rates continued to grind
      Reuter  -  318 words
    • 153 10 JULY a Imp 01 a A 35* 16* AMM 22* btt Prx lu M r* Apt 43 20* AJcon Atgomo 40 14* •I* Km Lobkn MM r 15* 13 Bar* Nova Scotia Bar* Of Mmftaal 15* 32* Mom Mc <f 34* M Canodo 37* 27* An Pfimfftf 26* 4*
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    • 215 10 Trust 8k 130 JULY 09 Uh Stoat 58 Wooftru 1175 2150 unch MOUSTMALS M 4725 ♦25 A Afcho 1010 10 ***** -200 250 1750 AMI 1100 inch 10 Buff* 7450 1700 2990 -50 Amoprop AAMC 4200 Chartar Con* Goid -35 C G SmMh ISIS 2800 10 25 Cora Much
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    • 633 10 JULY OS Akun fimin US* 28* •1 Alcoo 36* ABag M /Mad Sg 20 49* ABad Smm 4ft* -2* •I* •2* -1* Am Brandt fcic An Con Co Am Cyononad Am Bac Pot Am Exproa A#n Horn* M Am Mu*of» Cp Am Tol ft Tal A—l knc Amoco
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    • 638 10 Amsterdam JULY M Ik MN 592.00 -7 AMMI 105*0 2 2 Ahold 99 00 -14 MM 144 60 -2.1 MM 152 80 +03 AMEV 79 JO -03 Am Barii ***** -1.9 /u (tad 123.00 -05 4.U 41 50 -0 5 Imm4 ***** -4 tm>«nmn T»W •4a- 21X00 «ti
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  • Page 10 Advertisements
    • 552 10 ii Wim* <*> wiae, dia« aM eatertala B Wholesome, fresh, sumptuous and all you can eat... there is nothing more nutritious and better value for lunch than the fj>uUa cuulffteena Baron's Table. Wh «From a buffet spread of cold cuts, salads and soup to tender, succulent meats, served sizzling hot
      552 words
    • 122 10 on Fam 15 Managed by fhnct Hotels Japan Contmunf the Prim Holeit tradition ai fritmUy wtrhct 270 Orchard Road, Sin aaore 0923 Tele*: RS ***** HCROWN Cable: CROWNHOTEL Fa* *****18 Tel: *****11 Diary of Food Events! fifIKURUHAYA W JAPANESE REST AUK AltT «TJ JULY SpacMat I Irtnlan Boar or ABC
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  • ASIAN STOCKS
    • 318 11 HONGKONG: Share prices closed a shade softer in quiet and dull trading yesterday as buying interest remained thin, brokers said. The Hang Seng Index lost 4.63 to end at 1,747.61 after being off some 10 points at the morning close. The Hongkong Index eased 2.82 to 1,090.68. Turnover was
      318 words
    • 211 11 JULY 09 MT» 201 -0.03 Kuochan Dav Lm Chang Yuan 23 30 3300 +0.4 -08 Alio Camartt 26.40 31.90 +0.4 0.3 Lion KK»a Indus 12.90 39 00 +0 25 +0.4 Chang Hwa Bank 44.40 28.60 0.2 +0.5 Nat bwaslmant 386.30 -2.2 uxng Looaq 25 60 +0.3 21 90 0.5
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    • 397 11 TOKYO: Prices closed sharply lower yesterday. Brokers said there was profit-taking on internationally popular issues because investors were nervous about the recent high level of prices and discouraged by a two-day decline on Wall Street. The market average finished 228.04 off at 17,506.11, its lowest level since June 23,
      397 words
    • 79 11 JlltY 09 hw Maretaal Oriental 8 Phi OV«M« 0.014 0.014 undi unch Ac Of® PM«* 8 0.23 001 Ap«x Minna B 001 unctl Heap B +~3 3 +0 0025 2 25 Alios Con. B Boguio Gold Bone Petroleum Bmgutt Con. B 10 0.001 0.0032 73 -3 undi +***** unch
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    • 393 11 SYDNEY: Australian share markets closed lower yesterday with a bullish gold sector offset by selling pressure among quality industrials, brokers said. At the close, the All Ordinaries Index was 2.8 easier at 1,122.4 and the All Industrials down 10.0 at 1,788.2. However, the All Resources firmed 2.6 to 617.8
      393 words
    • 103 11 JULY 09 Wot) Kangwon M. KIA Motor 1160 2014 10 +70 CM Sugar Doefcm Ind 1870 690 unch -11 Koton Ind Korea Long-Term 2119 1456 1452 +29 +70 70 Doewoo Corp Daewoo Heavy Dong Ah Phw 1256 1490 920 46 +21 -20 Oriental Brewery Pacific Chemical 141S 1255 1320
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    • 153 11 Reuter BANGKOK: The Securities Exchange of Thailand Index gained 2.05 points yesterday to 137.63. Turnover amounted to 593,383 shares valued at 103.7 million baht. JULY 09 1 Ao Kham Thai MM* Saw Canon* Sam CMnm Sam Onra 551 (tap ♦8 Alio Ftra Ayudhyo >i»«i>nwnlAground Bangkok Bank Bank Of Ayudhyo
      Reuter  -  153 words
    • 57 11 Reuter THE OUTSTANDING BALANCE of margin buying contracts on the Tokyo, Osaka and Nagoya stock exchanges rose by 23.3 billion yen to a record 3,486.5 billion at the end of last week. The Tokyo Stock Exchange said on Tuesday the rise marked the 12th consecutive week
      Reuter  -  57 words
    • 126 11 Reuter THAILAND'S state-run fund for the rehabilitation and development of financial institutions will bold half of a 300 million baht new equity being floated by International Trust and Finance Co Ltd (ITF), an affiliate of Overseas Trust Bank Ltd (OTB) of Hongkong.
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    • 258 11 FT SANYO ELECTRIC, a big Japanese consumer electronics group, has announced a full merger with Tokyo Sanyo Electric, its affiliated company, as a defensive move to reduce the negative effects of the strong appreciation of the yen. Tokyo Sanyo, in which Sanyo has
      FT  -  258 words
    • 90 11 Reuter WESTPAC BANKING Corp has signed a HK$235 million fixed rate certificate of deposit issue. The issue matures in June 1993 and carries interest of 8.7 per cent per annum. Interest is payable quarterly. Citicorp International Ltd and Westpac International Capital Markets are co-managers and each
      Reuter  -  90 words
    • 149 11 Reuter TAIWAN'S Economic Ministry has asked 12 state corporations, including Taiwan Power Co and China Steel Corp, to repay foreign debts and borrow locally. A ministry official told reporters the move would cut interest rate costs, since rates were more than 2
      Reuter  -  149 words
  • Page 11 Advertisements
    • 509 11 Wftere to wine. dte and eatortata .Jf" IMS Fashionably hyatt Join the fashion conscious every Hiesday, Wednesday and Thursday (3 6 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and
      509 words
    • 151 11 Centrally located within Singapore s Business District Frisco serves superb European cuisine amidst a setting that exudes quiet elegance and comfort Coupled with our unobtrusive yet impeccable service, you may be assured of a really satisfying experience. Drop in for lunch this afternoon and enjoy a glass of excellent red/white
      151 words

  • RAW MATERIALS
    • 418 12 MBT i pffi PRICE of tin Is expected lo firm up to a more equitable fcvel by 1987 and tin producing countries can play their part by iot stepping up production, Ma- tsysian Primary Industries Min- tster, Datuk Leong Khee Seong has
      MBT  -  418 words
    • 642 12 QOFFEE A SHARPLY LOWER New York market despite increased roaster offtake for replacements, weighed heavily on robust» «•flee futures on Tuesday. The market ended a volatile and uncertain day with pared gains from Monday night's dose of £22 to £15 a tonne, in a volume of 5,259 tots
      642 words
    • 63 12 Bangkok Broktn Ric* (us$/*onm, rot) A-l Sup«r A-l Special 118 115 Whit* Rica 100% 1st dOM 250 C-l Speool C-1 3rd unq unq 100% 2nd dou 220 Loonzom Rk« 100% 3rd do» 215 100% lit grade B 5% 205 100% 2nd grade 10% 15% 200 195 100% 3rd grods
      63 words
    • 192 12 Reuter CHINA has asked Japan to provide technical and economic cooperation to explore and develop its deposits of rare metals such as vanadium and molybdenum, Japanese Ministry of International Tirade and Industry (kfiti) sources snid. They said Mlti hopes to he able
      Reuter  -  192 words
    • 271 12 Reuter §moAPQtm THE MARKET yesterday closed quietly firmer with August One RSS buyers quoted at 172J0 cents per kilo, up one cent from Tuesday. Trading in TSR XI was quiet throughout the day and prices closed little changed from slightly firmer morning levels, brought about by some covering interest
      Reuter  -  271 words
    • 137 12 CNmii Prodi Exchango 1100 Robuftta 20/25% FOB NSW 430.00 Silin' mm deewg Mr 9 (SJ/100 kfl). Coconut oil Bufc FOB Otd (kum FOB New drum FOB Copro Mixed Ooom) Poppor Murrtok Whir* FOB NLW Sarawak Whit* FOB f oq NLW Sarawak ipccial block FOB NLW Sarawak Acta block
      137 words
    • 55 12 Reuter ««J ASui per kft* n*mi 4eTke Market slipped skislii SstrS£ g eetterei Jipeaeee Mi leeel feejera were !»■■■< tat ilapenii irepped te M tones (TMi i m IMnr. Eerepeu lesul re- KL TIN Qmb| pii (MW«) e« m Mr 9 l Pric* 14.19 d own 0.07 I
      Reuter  -  55 words
    • 277 12 HAS prices ScMti/kg, FOBfek unflM ate CLOSE I mrmt SaRan Int 1 RSS Prompt 175.50 176.50N 175.50 I76.50N tn» 1 RSS Aug 86 173.50 174.00 173.50 174.00 Int 1 RSS Sapt 86 173.50 174.00 .173.50 174.00 k* 2 RSS OP. 171.00 173.00N 171.00 I73.00N Int 3 RSS
      277 words
    • 80 12 (CWtflAf. 1-«M pa M AUG M (canwt mIk) NOON SETT 86 (forward aionHi) NOON HAS y 7 Sdn SSR 20 199.00 161.00N 159.50 161.50N SSR50 156.00 158.00N 156.50 158. SON MRELB Sdhn hp, s*. SMR CV 231.00 233-00N 232.00 234AM SMR L 231.00 233.00N 232.00 234.00N SMR
      80 words
    • 183 12 MALAYSIAN crude palm oil prices yesterday closed slightly higher on light covering interest in line with steadiness in palm oil futures, supported by firmer overnight Chicago soyoil futures. Trading was thin with minimal movements as operators remain reluctant to take fresh positions in the absence of new factors.
      183 words
    • 201 12 Reuter WHEAT FUTURES on Tuesday closed three US cents to 3/4 cent higher on the Chicago Board of Trade. Trading was quiet most of the session, with buying by C and D Commodities a feature. Traders nmsid concern about possible rain delays In the soft red wheat harvest in
      Reuter  -  201 words
    • 190 12 Reuter SOYBEAN FUTURES on Tuesday closed three to 4-1/2 US cents a bushel higher on the Chicago Board to Trade. Prices had advanced as much as seven cents, but commercial selling restricted gains and brought prices about three cents off the highs at the close. Pit brokers said the
      Reuter  -  190 words
  • Page 12 Advertisements
    • 557 12 PLAN UEASMQ PTE LTD p mummy uounmow NOTICE IS HBOV OVEN, pursuant to Sac Son 308(2) Of fct C* 185 toe M MMingaf at 36 Robtoaon Road. 106-01 CXy Home. Singapora 0108 on Mond* tl Auguat 1986 to fUCKfc.ru. tor toe totaring purpoae:Tb r«c«M an account tram toe Liquidator staring
      557 words
    • 351 12 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE OP "SHIFB NAME We, Palm Oil Transportation Pte. Ltd., hereby give notice that In consequence of our Purchase a motor tanker from M/s Brlllance Steamship Corporation 8JL We have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant Shipping Act
      351 words
    • 273 12 REALTY (FT*) At an Extraordinary General Meeting of the members of YEW BEMO REALTY (PTE) LIMITED duly convened and held at 190 South Bridge Rd #12-01 rook Hal Building Singapore 0106 on 10th July 1900 at 100 pm, the following resolution* set out below were duly SPECIAL RESOLUTION REBOLVED that
      273 words
    • 283 12 *'V I'M jbctgt K J V.. 4 Iji'fl < At an Extraordinary General Meeting of the Members of the Company duly convened and held at 9001 Beach Road #07-37 Oolden Mile Complex Singapore 0710, on 0th July, 1906, the following Special Resolutions were duly pasted:— 1. "That the Company be
      283 words
    • 291 12 '■lii' I At an Extraordinary General Meeting of the members of WIMONTA CREDIT CORP. PTE. LTD. duly held and convened at 14, Robinson Road #12-01, Par But Finance Building, Singapore 0104, on oth July 1980, the following ReeoiuUsni were duly passed:As Special Resolution "That the Company be wound up voluntarily
      291 words
    • 291 12 At mi extraordinary iidihl meeting of the company held at IM Cecil Street #07-62 Par Eastern Bank BnthWn; Mfp— CM OB 7th July IMS the following Special Reoolutlon were duly passed: 1. That the company be wound up voluntarily pursuant to Section aO(l) (b) of the Companies Act cap. M
      291 words

  • SHARE INFORMATION
    • 4103 13 SHARE PRICES eased across a broad front yesterday after bargain hunters, so active the day before, left the market. This brought the market down to a very oversold position. The BT Composite Index tumbled 9.30 points to 616.35 and the Straits Times Industrial
      4,103 words
    • 203 13 SINGAPORE Rises Mtoss Mr t Jafe B, Aakmm 650 +20 |TC«mwM |lfg 372 +4 rmcm, ***************» lnd| 240 +4 BTOO/OS 431 j» IC-MfH Lmi «7 +3 «rCAM -M90 -6M0 faa> Ems 90s «2» +2H rT09V -90S76 mSSi njiiits H 50« 160 +2 STUmmM 713 46 ***** t
      203 words
    • 3190 13 BID and Oder prices nfflrially listed and hmiiw fan and reported to the Stock Exchange of Singapore yesterday with the nmhw of tecs traded shown in brackets tn lots of MIO ontts ihilim uthawtoe AH Tfane Settlement Contracts are quoted after the word "SETT'. Big
      3,190 words

  • COMPANY NEWS
    • 571 14  -  By AMY CHEOK THE METRO Holdings group has managed to reduce its borrowings by a staeahle $30 million to $58 million in the finanrial year ended March 31, 1906, according to chairman Ong TJoe Kim. The total debt reduction of I» million includes
      571 words
    • 295 14 MBT THE RECENT equity restructuring of Rothmans of Fall Mall (Malaysia) has attracted the attention of the Malaysian Chinese Association. Following the restructuring in compliance with the New Economic Policy, 50 per cent of Rothmans Malaysia's equity is being retained by the UK-based Rothmans
      MBT  -  295 words
    • 495 14 SHARE PRICES tumbled on the Kuala Lumpur stock market yesterday oil lack of buying support as investors remained apprehensive about developments on the Roxy issue. The KLSE committee met yesterday at spm to decide on the last minute push up matter
      495 words
    • 281 14 A Monoacrs' PfttM for J«3y 10 (S) First B'putro iputra 4 46 4 51 fingapors Unit Trust Second B'putro Third B'putro Fourth B'putro 4.16 4 21 3.19 3 24 The Conwurc# 0 83 0 88 3 60 3 65 The Soyrtgi Fund 0 74 0 78 Fifth B'putro
      281 words
    • 112 14 HONGKONG All Industrials Hongkong Index Wednesday *****8 Wednesday 1788 2 Tuesday 1798.3 Tuesday 1093.50 Week ogo 1836.9 Week ogo 1098 56 NEW YORK Hong Song Index Wednesday 1747 61 Dow Jones Tuesday 1752.24 Week 090 1760.21 Tuesday 1820.73 Monday 1839.00 Week ogo *****4* TOKYO Stondard Poors Nikkei Aver
      112 words
    • 2170 14 BID aad offer prices «fflrtally listed aad balaH In aad reported to the Kuala Lumpur Stock Exchaace yesterday, wttfette somber 4 riMraa traded dwn la brackets la Mi of unless otherwise BBXBIRMLS Aoaa (1325) xd AMD (3105) Aicaai (708 715) (12) 67 (2) 69 (10)
      2,170 words
    • 166 14 JACKS INTERNATIONAL Limited: AGM at 29 Joo Koon Road, Singapore 22G2, on Monday, July 14, at 11am. UNITED INDUSTRIAL Csrpsnllsa Limited: EGM at Shangri-La Hotel, Orchid Room, Orange Grove Road, Singapore 1025, on July 15, at 10am. DEVELOPMENT AND COMMERCIAL BANK Hnrhsi 21st AGM at the Ballroom, Hotel
      166 words
    • 344 15 mms mm™ HOCK LOCK SIEW BROKERS HERE are watching with interest the dispute between two Malaysian stockbrokers over a block of 10 million Rosy Electric Industries's shares. The dispute has presented a rather nwiMßiai test case for the Kuala Lumpur Stock Exchange's
      HOCK LOCK SIEW  -  344 words
    • 656 15  -  By NAJEEB JARHOM JACK CHIA-MPH's latest loan stock issue has attracted the attention of the merchant banking and stockbroking communities. While bankers and analysts agree that the inclusion of the right to exchange the loan stock for Haw Par shares makes the issue
      656 words
    • 154 15 FORGED SHARE certificates of Haw Par Brothers International with a value of $21,360 at the current market price have been sighted. Haw Par's principal registrar BarMnder A Co told the Stock Exchange of Singapore that on July 7, they received five forged certificates of
      154 words
    • 877 15 EQUITIES opened mixed yesterday in thin and nervous trading in the wake of Tuesday's sharp fall and following the 18 point decline on Wall Street overnight. The market is trying to consolidate at these levels but seems to have more downside potential than up, in further consideration of
      877 words
    • 603 15  -  By LORETTA McLAUGHLAN DIRECTORS OF INTRACO, the trading group, have recommended that shareholders reject the offer from United Industrial Corporation (UIC), the mini-conglomerate and investment group. UIC has made a cash bid of $1.70 for each Intraco share valuing the group at $127.5 million
      603 words
    • 87 15 THE BANK of Singapore (Australia) Ltd, wholly-owned by Oversea-Chinese Banking Corp, will float 30 per cent of tts US$5O million issued capital to the Australian public. Stockbroker JB Were Son will underwrite the issue of 15 million shares at US$l.OO par each. The bank
      87 words
    • 217 15 SUNSHINE PACIFIC, the Hongkong-listed arm of Sunshine Australia headed by Syd-ney-based Malaysian businessman Lee Ming Tee, is raising HK$ll2 million by placing 16 million new shares at HK$7 each. The placement will give Sunshine Pacific a more aggressive corporate profile in the territory. Sunshine Pacific shares
      217 words
    • 261 15 EVEN WHILE it is being courted by United Industrial Corporation, Intraco is busy consolidating its varied activi- ties to stay fit Hie company said yester- day it has subscribed for $90,909 additional shares in Plantek International, representing its entitlements to a H rights issue
      261 words
  • Page 14 Advertisements
    • 1062 14 r GENERALE BANK Head Officc: Montagne du Pare 3, 1000 Brussels, BELGIUM Singapore Office: 105 Cecil Street #20-01/04, The Octagon, Singapore 0106. Telex: RS ***** RS ***** Tel: *****55 /Ml figures quoted in millions of Belgun francs Consolidated Balance Sheet At 31 December 1985 ASSETS Cash, Central Bank, Post Giro
      1,062 words
    • 69 14 IB CMfPAMH ACT, CAP. m NOTICE 18 HEREBY GIVEN that a First and Final Dividend U Intended to be declared In the above matter. All creditors who have not proved must prove their claims by the 31st day of July, 1906 otherwise they will be excluded from the dividend. Dated
      69 words

  • Page 15 Advertisements
    • 782 15 H MANUFACTURERS HANOVERTRUST COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CONDITION (In Thousands) 31. 1984 ASSETS Cash and Due from Banks Interest Bearing Deposits with Banks Federal Funds Sold and Securities Purchased under Resale Agreements Trading Account Assets Investment Securities (Market Value of $3,320,507 and $2,446,941) Loans (Net of Unearned Discount
      782 words

  • 395 16  - C E's top management undergoes restructuring Four local and Malaysian shareholders to inject $1m initially By LUCY NG TOP MANAGEMENT changes have been made in travel agency Cultural and Entertainment (CAE) Holidays Pte Ltd after the addition last week of four new local and Malaysian shareholders. Among the new shareholders
    395 words
  • 274 16 AP Reuter PHILIPPINE President Corazon Aquino has clamped a ban on rallies and demonstrations by supporters of ousted leader Ferdinand Marcos and barred leaders of a failed coup attempt from leaving the country. Emerging from a Cabinet meeting, she also announced that she will forgive self-pro-claimed president
    AP; Reuter  -  274 words
  • 117 16 Reuter EXPATRIATES leaving after temporary assignment in Australia will face substantial tax bills on assets they bought after Sep 19 last under the country's capital gains tax. According to accountant Peat Marwick Mitchell Co of Australia, expatriates will be deemed as having sold the assets
    Reuter  -  117 words
  • 488 16  -  By BRIAN GOMEZ A FORMER British energy minister has urged Opec and nonOpec nations to drop their posture of confrontation and to (ace the new era of low oil prices. Former UK Secretary of State for Energy David Howell, MP, made his first public call
    488 words
  • 221 16 TWO-THIRDS of the undergraduates at the National University of Singapore are not computer literate, according to the latest issue of Campus News, the monthly NUS newsletter. But by 1990, or earlier, every member of the university staff, and students should be able to use the
    221 words
  • 235 16 Reuter MOSCOW is studying ways in which Joint companies could be set up in the Soviet Union with Western companies, a senior Soviet official was quoted as saying in a Finnish newspaper. "Setting up such companies necessitates changes in Soviet legislation
    Reuter  -  235 words
  • 137 16 Reuter BRITAIN said yesterday that it had no official word of Nigeria's decision to boycott the Commonwealth Games in Edinburgh later this month, but added that such a move would be regrettable. A spokesman for the Department of the Environment, which handles sport, said he was unaware
    Reuter  -  137 words
  • 273 16 Bernama MALAYSIA has been receiving messages from foreign countries expressing support for its stringent anti-drug laws. Information Minister and Cabinet spokesman Datuk Rais Yatim said in Kuala Lumpur yesterday that Prime Minister Dr Mahathir Mohamad told the Cabinet that he himself received many
    Bernama  -  273 words
  • 354 16 Reuter JAPAN'S trade surplus for the first six months of this year doubled to a record U5534.17 billion, feeding expectations Prime Minister Yasuhiro Nakasone will use his new won power to do more to reverse it. Finance Ministry figures released yesterday
    Reuter  -  354 words
  • 80 16 Reuter MILLIONAIRE hotelier Tan Sri Khoo Teck Puat now holds 7.8 million ordinary shares or about 5.03 per cent in Standard Chartered PLC, A bank spokesman said in London yesterday that Tan Sri Khoo's stake was published be- cause it exceeded the S per
    Reuter  -  80 words
  • 62 16 Reuter COMEX SILVER futures were mostly weaker in early dull dealings yesterday as the market consolidated after Tuesday's rise. Silver for September delivery eased two cents to U555,165 an ounce at the opening and fluctu- ated in a narrow range between U555,165 and USJS.I9. A firmer greenback in
    Reuter  -  62 words
  • 64 16 Reuter WALL STREET stocks got a lift yesterday as investors sought bargains following a three-day sell-off, with blue chips fractionally lower but most other stocks higher. Bond market yields edged lower, diminishing concern evident on Tuesday when rates began rising. The Dow Jones Industrial Index slipped two
    Reuter  -  64 words
  • LATE FILE
    • 43 16 Reuter BRITAIN has halted sales from Its strategic raw materials stockpile owing to developments in South Africa, which is a major world source. Industry sources said the raw materials comprised metals of the platinum group and steel-hardening minerals.
      Reuter  -  43 words
    • 49 16 AP AUSTRALIA'S Foreign Minister, Bill Hayden, and Defense Minister mm Beasley are to meet US Secretary of State George Shultz and Defense Secretary Caspar Weinberger in San Francisco next month to draw up a following the ■■pension of the Anns alliance. AP
      AP  -  49 words
    • 38 16 Bernama TWELVE Thai fishermen have teen detained and two of their trawler boats seized for ramming a Royal Malaydan Navy vessel in the exclusive economic zone, 57 km off the Kuala Besar coast. Bernama <
      Bernama  -  38 words
    • 56 16 Reuter FORMER Japanese Deputy Transport Minister Takayuki Sato yesterday ssid he hss withdrawn an appeal to omimu his IM2 bribery conviction over the Lockheed aircraft scandal. Mr Sato, who was returned to parliament in last Sunday's general election, was convicted at taking two million yen in
      Reuter  -  56 words
    • 39 16 AP SIX PEOPLE were killed and two others were missing and feared diowned after an oil tanker and a cargo ship collided in the Straits of Malacca and burst into flames yesterday. AP
      AP  -  39 words
    • 43 16 Reuter THE LEFT-WING German Red Army Faction guerillas have claimed responsibility for the killing of a senior executive of the German company Siemens. Karl Heinz Beckurts, 56, was killed in a bomb explosion on Tuesday in Munich. Reuter
      Reuter  -  43 words
  • Page 16 Advertisements
    • 193 16 FOR SALE Prime Industrial Property No. 8 First Lokyang Road, Jurong Site 6510 sq m Office block 612 sq m Factory 3207 sq m e Lease 30 yrs plus 30 yrs at $26,363 p.a. Extras: sprinklers system, canteen, electrical sub-station 5 year-old building Sole agents: OAGOLD PROPERTIES TEL: *****97/8 Computer
      193 words
    • 117 16 Tm gold report The Most Advanced Office automation innovations, Newest Office furniture furnishing, Latest Office materials stationery. At ASIA OFFICE '86 The sth Asia International Exhibition on Office Automation, Materials, Stationery, Furniture Furnishing. 9—12 July 1986,12 noon 8.00 pm, The Mandarin Hotel These days, a little extra attention paid to
      117 words
  • Page 16 Miscellaneous
    • 40 16 WMm Outlook foe todoyt Sliowoff with gutty winds m wowy oroos bttoft oOwflj clconno Dy > Report for 24 hours prior to 7.30pm on July 9 ot tho airport: Aasociatod humidity Hours of sunskmo Roinfoll this month Rainy days this moi
      40 words

  • SHIPPING TIMES
    • 207 17 Reuter MR TY Chao, who controls the Wah Kwong shipping group, made concessions in a revised restructuring plan for the group's some USJBSO million debts, creditor sources said. To win support, Chao will let Wah Kwong's secured creditors have up to 60 per
      Reuter  -  207 words
    • 140 17 TO ACCOMMODATE higher container throughput, the Long Beach Container Terminal will be relocated to a larger, technologically improved site. The transition will take place in stages, from July 14 to it. The 87-acre terminal has 24 truck lanes —16 of which will be used for
      140 words
    • 353 17  -  By G DURAIRAJ THE BANK Kemajuan Perusahaan Malaysia (Industrial and Development Bank) intends to offer more export credit facilities to Malaysian shipyards to help them bid for overseas contracts. The bank has so far approved about Ms2lo million in loans and
      353 words
    • 356 17 Reuter THE AUSTRALIAN Chamber of Shipping, ACS, accused unions of holding an Australian oil tanker to ransom to stop it undergoing modifications in Singapore. ACS executive director Llew Bowen, in a statement, said the ban on the movement of the 37,196-ton
      Reuter  -  356 words
    • PORT SIDES
      • 67 17 Bernama FOUR PEOPLE drowned and four are missing after a tanker, Pantas, collided with a cargo ship, Bright Duke, in the Straits of Malacca, 16km from Tanjung Johor, Batu Pahat, at LdO am yesterday. Sixteen people were rescued by another cargo ship, Seng Hong. The 16, who have
        Bernama  -  67 words
      • 138 17 BIRKA Line of Finland will sell its 20-year-old, 9,491 tons gross cruise ship Prinsessan to US-based interests for more than US$6 million. The 900-berth vessel has been laid up at Mariehamn since being replaced in April by the 21,000 tons Birka Princess the first purpose-designed
        138 words
      • 51 17 Reuter THE AUSTRALIA/East India/Bangladesh Trade Conference will increase its currency adjustment factor, CAF, to 9.72 per cent from 4.80 per cent, effective July 24. The Australia/Europe Shipping Conference will lower its bunker adjustment factor to minus 2.07 per cent from plus 0.33 per cent, effective July 30.
        Reuter  -  51 words
    • 1236 18 CHARTERING proceeded at a very slow pace on the London freight market on Tuesday, with no new features emerging to change a weak rate pattern. Grain operations were confined to the St Lawrence, where Feabody and Andre fixed two July loaders to the United Kingdom. Peabody paid U516.50
      1,236 words
    • 1292 18 Debt or equity? the unanswerable question Seatrade IS IT DEBT, or is it equity that is to be the dominant factor in ship finance from now on? This is the most obvious question that emerges from a survey of what desks are still mannrri in tne London offices of international
      Seatrade  -  1,292 words
    • 452 18  -  Kinglsey Wood CONTAINER flipping lines in the Australia-North America meat trade complain they have been placed at a disadvantage because of more favourable conditions granted to the refigerated break-bulk operator, Cool Carriers, by the Australian Meat and Livestock Corporation. AMLC is the government
      452 words
    • 87 18 AUSTRALIAN National Line* has set up a container cosßujE? and logistic department and launched a separate tndbC operation. Australian National Container Management, to handle the rental of surplus containers to shore based e> ers in Australia. For the last IS months ANL« has been
      87 words
    • 660 18 AB Shpg V 5 Accord Shpg VI 3 Ateo Lin* VI 3 Anro Service IV 3/4 ANL 1 1/2 APC Line V 4 APL 1 2/3 ASCL 1 Bolt-Canada Line VI 4/5 Bolt-Orient Line VI 4/5 Bank Line V 5 BBS 1 4/5 Ben Line Coot V
      660 words
    • 223 18 Seatrade Week NORWEGIAN police extended the charges against 13 executives of Marine Management and shipowner John FVederiksen. They originally related to cargo fraud from the VLOC Alts in 19M and amounted to USSH million. But police now allege that the fraud took place regularly
      Seatrade Week  -  223 words
    • 56 18 THE NET receipts of Swedish shipping companies from Interna* tkwsl shipping operations a mount ed to KrL3 bißlon (USsl® mfiHi*) In the first quarter of 19M, up Kr2 million compared with JaaosryMarch IM6. Gross receipts dedined 7 per cent to Krl.6 MTHon, while costs were down
      56 words
    • 179 18 DURING the NEXT four years, the Port of Gothenburg will gradually /*«ng> the carco-hsadttag philosophy at Its Skandiacontainer termlA system based on straddle carriers Is to be Introduced, replacing the present combination of terminal tractors and top-lift counterweight trucks. A new terminal lay-out will
      179 words
    • 171 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACS (FAR EAST/EUROPE): Ftanco Belgian Services "K" line Korean Shipping Corporation NeptuneOrientlines Orient Overseas Container line fWW \w AUSTRALIA): aim»i4h»«i National line Australia/Straits Container Line Djakarta Lloyd NedDoyd lines Neptune
      171 words
    • 622 19 Reuter FT THE INTERNATIONAL Maritime Bureau has urged governments to counter mounting guerrilla attacks at tea with tough security measures like those for airlines. The bureau, which is part of the International Chamber of Commerce, recommended increased security for the maritime industry in
      Reuter; FT  -  622 words
    • 221 19 Opecna A FOUR-MILE oil dick In Qatari territorial waters, about SO miles North of Doha, waa spotted early this week by a civilian aircraft, according to environmental protection officials. Dr Hassan Kushkush, director of the Qatari Environmental Protection Committee, said the Coast Guard and
      Opecna  -  221 words
    • 204 19 Reuter THE TUNG Group has reached an agreement with Toyo Menka Kaisha Ltd to discontinue legal proceedings against the group's chairman C H Tung and its private unit, Island Navigation Corp (INC). A Tung Ooup statement said, however, that Toyo Menka
      Reuter  -  204 words
    • 90 19 SOME IMHO Norwegian seafarers in the shipping and offshore industries will be covered by a major new peiiiial insurance scheme to be used by Nuwegian shipowners. The insurance package will cover injury sickness and accidents even when wafir>» are off duty. The Association for Ships
      90 words
    • 251 19 Argentine June SO Beunos Aires Waiting time up to 3 June SO Sydney Normal operation. Melbourne Work stop due to strike. Beunaventura Waiting time of 5 days. 1 Chalna 10 vessels operating; Chittagong 20 vessels operating. Brasfl June SO Santos Normal opJune SO Douala Normal operation. CMe June
      251 words
    • 171 19 Opecna LEADING BRITISH independent oil drflHag contractor KCA Drilling is to sell one of Its two drill drips as a result of fslHag oil prices. KCA chairman Sir Monty Flmriston said in his animal statement to shareholders that the KCA Kingfisher might
      Opecna  -  171 words
    • 7530 24 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      7,530 words
    • 716 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator corgo schedule Location Horvester 27S86 10.7.86 2100 SMS Fl 1200-1300 L4 B Permoi 216 10.7.86 1700 Ned-EAC F7 0800-0900/0700-0800 P2/S2 Ivy Bonk 16N 10.7.86 1600 Boustead F7 0700-0800
      716 words
    • 1681 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A—B A Top Pto Ltd Soma (S) AB 5h »m Boustood Shpg Agencies Ataa Law Afncon Shpg Agencies (S) Ahrankiel Law Kan Shpg <S) AKrad C Taaplai Oceonus ShwmjAjwv cm (S) Mukport Sdn Bhd (PK)
      1,681 words
    • 548 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES E'tetn Gory K27 S'pore Shpg alongside 10.7/0200 Equator 5 K23 Thong Soon alongside 107/0100 Koto Artgkosa K32 P*. alongside 10.7/2300 Qinghecheng KI5 Y Fung alongside 10.7/2300. Son Luts K16 Borneo alongside alongside 107/2300 Str Venture K24E SSPL
      548 words
  • Page 17 Advertisements
    • 411 17 Concise Comprehensive Contemporary ™FEDERAL MOM Mtmt MEKSS Otaf. Ik 242X4/ OH) 70 ShMtwi Way *04-03 Marina Hon* Singapore 0207 T« *****11 TELEX NO US ***** CfS OfFCE TPC #03-029 Td *****31 and 2220(32 Terminal otticc IPC ****** *****90/*****93/*****01 o r¥mi TRA i T S EIIROPt EXPRESS SERVICE EUROPE STRAIN t
      411 words
    • 64 17 imm CONTAINER shipping lines in the AustrolioNorth America meat trade complain they have been placed at a disadvantage. Pag* II THE INTERNATIONAL Moritime Bureau has urged governments to counter mounting guerrilla attacks at sea with tough security measures like those for airlines. Page 111 Index to odvertisers II Shipping schedules
      64 words
    • 420 17 tsa M THE HEART OF THE DRAGON MAERSK LINE 81 m/ C. til Tu' 1* t 111 h 7FTT 8 DAYS 9 DAY! 10 DAY] 11 DAY! Vor S-poN EXPORT TO USA. IT i. i«:. i L M •jMpn QHM TM ■of- uTTmi mb CT 14/7 ISM MB 15/7 2/1
      420 words

  • Page 18 Advertisements
    • 196 18 Y.S. LINE UNE T~T •—U > I 3313: irMFMPM 11 n'/hrara»i .'Tnmi wrm rim Jua I", TTTTM M.amm rmBFTHB MIDDL t FAST Full Container Service (A member of Oasis Consortium) TRANS SIBERIAN SERVICE Weekly Container Service uul PAN ASIA LINE, LTD. INBOUND FOR STRAITS PORTS rj 1./.'. uwu OUTBOUND FOR
      196 words
    • 64 18 II 11 Supercarrier Service jy: i^: ir ir 11/7 11.12/7 an wt i7/i rut tax n/t x/i a/» |v» [v» */7 zta/7 1/1 2/1 7/1 w 1W lifl w w a* M/i 9.12/1 iyt 9/9 u/9 a/i n/9 zt/9 a/9 wi IV* IVM Mr I. Gearbulk NEW ZEALAND To NEW
      64 words

  • Page 19 Advertisements
    • 505 19 m The Straits SteamsMp Group n Bwnai Porta and Bangkok l'7i Containers Limited :ON'*INEPSHIP 3FRVICE 10 UK CONTIrt NT 19-19 M an m 25-29 M rtm Ulb Wt n/t wi ivt 14/9 U/t wi a/i u/t <7/t a/i wi 94/1 95/1 17/1 11/9 12/9 14/9 a/9 a/9 2J/9 a/9 a/9
      505 words
    • 343 19 Franco Belgian Services <¥ VFMBFR OF ACF CONSOR'UJW T T~T KM (MM) «N IMI »Ml •l< UN tt*| OM <21 Im) Ukm 12 MMI UMI 17 Ml IS Ml CHARGEURS HAVRAISE ii,Kv i MEB CLUB MEMBER i CHARGEURS REUNtS f.'-.' LOMMG MECT Optorg Shipping Ptc. Ltd |EL M A Anglo-French
      343 words

  • Page 20 Advertisements
    • 595 20 I Hapag-Lloyd TO CONTINENT UK EXPORTS S>n Hdff—iLeiiiiiM lt/7 21/7 23/7 14/S 1 11/7 U/t in Europe (MMttart NaikMil'Mf 27/1 21/1 M/l lt/t 21/1 l(/t 19/9 U/t FROM N CONTINENT UK IMPORTS Aganta 3EGANI *****U K. Lnpv *****25/0/8, *****19, *****49 *****71 P. Ma| *****18 *****00 CFS *****50 *****41 trnm <*****,
      595 words
    • 187 20 FULLY CONTAINERISED SE RVI C E TO EUROPE VIA fe Consortium mcitrn m C. 8 TOKYO M FROM EIIROPE VIA SUEZ A Mfmh nl ttl(> #cf Consort,um CONVENTIONAL SERVICE TO IRAN/PERSIAN GULF In IHMIIIM If GENERAL AGENTS: CROWN MARME CO (PTE) LTD TEL: 22Z79M UKM) SUB-AGENTS: Kuala Lumnwr WMlffliinfl Tat:
      187 words
    • 835 20 o EVERGREEN f u ii Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/PF* Round-The-World West Bound (FE/EURO/USEC/C ARIB/FE) no am OB 081 MP ME FU MB MM U« MC IR OS ON h« an 11/7 2/7 VI VI 12/1 IVI M/l IS/I >7/7 vi vi ivi ii/i u/i a/i a/i a/i m*
      835 words
    • 145 20 US I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES i TTTTT KYOWA LINE SM Ham 11/7 Occaia Cwhar 16/7 My. Lac. IK 0 SUN UNION LINE TTTY^TTTTTT I [tHtaiyo marine line WEST AUSTRALIA SERVICE VSL PTKELAAG S PORE KK FUMfTIE NEL SYD PMUUmiJM— SM lt/7 26/7 30/7
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  • Page 21 Advertisements
    • 609 21 PACIFIC INTERNATIONAL LINES \V*\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel *****33 FAR EAST CONTAINER SERVICE HUUAPAHTT OOWA HOT A SMGA 14/7 nrr w? mn M/ 7 IV7 WT •TCM TAICHUNQ *MUR NKO KAO *TCH KU MM MUR *HTC YOK KOB KM 14/7 IS/7 W7 M/ 7 W7
      609 words
    • 657 21 BENLINE CONTAINERS EXPRESS CONTNNER SERVICE TO W/CONTMNT EXPRESS CONTMNER SERVICE FROM UK/CONTMNT SUM MM BIT >1/7 12/7 13/7 15/7 17/7 ■toNm 11/7 M/ 7 »/7 21/7 2V7 atr m a/? a/7 a/7 n/7 2/1 FrsMrt t*m> VI VO VI VI IVI CH|» k) U/l 13/1 14/1 IVI IVI Mi VESSaS
      657 words
    • 382 21 19 m V»« —J 1 Ifffflr E?ii~£ J JiSiiii DJAKARTA LLOYD INDONESIAN NA TIONAL I INF Ri iT7 r Hil? *mm I i«-i4/7 m Vi ivi ■MB n-nn |a/i w v% ALSO ACCEPTM BOTH CONTMOS, COM CARGO VIA T/S TO IK PORTS, HULL, LE HAVRE. OSLO. COPENHAGEN. FKA lAY A
      382 words
    • 242 21 BOUSTEAD SHIPPING AGENCIES pMNim fft-M V 9711 V* BURMA FIVE STAR (Burmese National Urn) Loadmf far Ranfeon S>n fJMhi taf ftMONk 12/14 M 13/15 M 11/12 M 12/15 M 11/19 M BANK LINE IVTBMK ¥101 kPI 4/1 13/S 9/9 FORTHMK VIM 19/7 12/9 15/1 14/1 TMJSALA SIMM V 7 5/1
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  • Page 22 Advertisements
    • 1038 22 K LINE KAWASAKI KISEN KAISHA. LTD. ECUADM/raUI/CHILE II? ra me PMC SKK UK OMTAQUI CAU.AO MOCA KJMQH MKASTA SMUOMO VMPMMSO 11 M U M DM IS M MM Him 1 Oct (Oct- 14 Oct U Oct TAIWAM-JAPAN-CHINA-MANtLA wu STOK "as vtm 12 M 13 M IS M 21M SM MM
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    • 504 22 AUSTRALIA EXPRESS CONTAMER SERVICE KociHlllll FCUFCt CnlHim PMan| I Law Vtud Sfdn Aho Accepts Esnarpfß vs 3i CAIABARV77 11 A* RAVOAS V 32 l«w 31 W »A* 7 AmJ AdMßra AASttMS M DM 3A«1? A* 10 AM/Bra RAMOAS V 74 10 A* An( 3 S<pt 1 Sept AM Bra "CMMOMS
      504 words
    • 510 22 RSI GOLDEN LINE GUM GUM SMPfING (PIE) LTD a M* Mr MMH MM IB UUM (M IMS) STRAITS/PERSIAN GULF SERVICE: c—« GOLKH an CatßMto/RjMcta/lfencxl/b** OMI MB Catoato/lU(Kki/IfeM QMms kM njn Mr!EE 11-■M.i.ir. x M PERUSAHAAN pelayaran v KALIMANTAN WRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK ram 7 UL9V 1 KMJUNTAN SMPPM
      510 words
    • 354 22 INTR ASIA iPTCI LTD 10 Aflsi!" Ri:.ld »?7 16 I'-Vr" "'(.ipM't- Oi 7 T«i .>4b' o BREfIKBULK SERVICE TO EUROPE/UK S'POT f. U*| l"*l W* JWTMPfE L MC9II 12/7 Nfl/OM/M ran CMUTON 8MC913 12/7 MT/OW/M (m) m -1 n a e*. a i *****1 71*711 CIMSI/2 PHILITRON SHIPPING AGENCIES PTE
      354 words

  • Page 23 Advertisements
    • 610 23 NEPTUNE ORIENT LINESLTD S>»« NEPTUNE MENCKS PTC. LID K EV/MBT IH/SU 14 Mi Met I— crs noun nmri 27*753 znsw until *****22 *****53 MKT LMI WIU 27MU6 fm mmm 4 fr«fM apMn. phm at ******4 Mte| NEPUNE SON. BM> 3689M7/*****45/*****53/3M7426 K Lanp* NEPIK SON. M. *****71/*****34/*****35 f«M| NEPIM SON BM>
      610 words
    • 305 23 DO* AM HEUNO-fl SNIPPING Korean Flag Vessels SEMI CONTAINERISED DIRECT SERVICE TO I P KELANG, PENANG BUSAN INCHON Hi. Drna/UM Ml lb I fb. 7 hw IWI lb Omm/MM lb. Bm/M7N tmm* towr «l U* Dma/fer IMS/* «|JNI NtPIUNI »GINCIIS PU I ID Ift .•78S4M Boot* MO .ViAW' rilimis ::?'W
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    • 545 23 r, SINSOV SINGAPORE SO VET SHIPPING CO PRIVATE LTD SMSOV BULDMG 55. Marfcet Street Sinfapere 0104 Tot *****33 (15 Ikes) TnU Offer *****41/2 Cable Mdress SMSOV SMOOTH Teiei Numbers RS ***** RS ***** RS ***** f KELANG IBMI M/S SHARKAT MM SOON SM. M>. IST AMO 2ND FLOOR MESSRS NM
      545 words

  • Page 24 Advertisements
    • 302 24 taji 1 REGIONAL CONTAINER LINES TO BANGKOK (5 WEEKLY SAILINGS Lin 3EHJ C r\ i t IPU THAILAND '/mm i. FWt >n me n MALACCA STRAITS FEEDER SERVICE IWCE WEEKLY 10 POMN6/IKEKLY TO PJELMK/FaTNOfIIV I'Ai.vl l .1 m rvM n rn■ BENGAL BAY CONTAINER FEEDER WEEKLY TO CAL CUTT A
      302 words
  • Page 24 Miscellaneous

  • Page 25 Advertisements
    • 64 25 mum FAR EAST/EUROPE CONTAINER SERVICE m 1.1:' ".J EUB EZ3H EB EDI 2B KUH [9 EZS EZZ9I II ■□JfTTM I i w i'>M rjM n i" urrmrvm ii ■aEa irgmwna [inanfnii ■EM nrnnmnmm fmyymCTGjjjEiciTTTi, rTiITWTTTMimi—imrTTTi Li STRAITS/TAIWAN/JAPAN CONTAINER SERVICE SEA AUSTRALIA CONTAINER SERVICE \vm, IEHEZHI PENINSULAR SAB AH/SARAWAK BRUNEI SERVICES
      64 words
    • 135 25 'NTFPNATIONAI TFS VOY 111 TFS VOY 112 TFS KKPM Eta NK 11/7 nrr nrr nrr nrr m m nrr w m/« T7J nrr nrr atn TRANSOCEAN (Ml SDN BHD DUBAI, KUWAIT, PAMMAN NmU* Id Smkt HD tpm nn rrn T 7771 ROTT .M T MAC-NELS AGENCIES PTE LTD 34 torn
      135 words
    • 78 25 Scan Dutch V r -**T rwnuW TO EUROPE (MEDITERRANEAN-UK-NORTH CONTINENT-BCANOMAVU) S) LONDON (SCOTLAND) SEA- MEDITERRANEAN TO HONG KONG-TAIWAN-JAPAN -CHINA* HONG KONG H MR/MS 17/1 FROM EUROPE I Smk/zn nn CZ3ZZ3E2Za FROM JAPAN-TAIWAN-HONG KONG CSS3CZSD JM V 7 V 7 11/7 12/7 IV7 M/ 7 FROM RED SEA-MEDITERRANEAN 11/1 Wi %n
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  • Page 26 Advertisements
    • 111 26 f K S LINE JAPAN STRAITS SE RVICE KOTO HMD MUM HI nan fmth ETDMN. MOON HOSQ MMU KMI STM SANKYO LINE (S) PTE. LTD. 37 Somerset Ro»d #06-01 Ng T»ow Dldg S por« 0923 T®l 235 8444 (4 lin«») Pr*t Kfljnf lift Pii,i WlpHf Sdn W" 1 f 0-J
      111 words
    • 327 26 \< rr' wr MitsciOSK Lines Ltd CONVENTIONAL/SEMI-CONTAINER TAISHAN OCEAN ELITE GLORIA PEAK ASTRA PEAK 12 Jul Mombasa. Daressalam, Tanga 14 Jul Mombasa. Daressalam 26 Jul Port Louis. Reunion 26 Aug Port Louis. Reunion ALTAI MARU 13 < Rmks: Subject Inducement. P. Noire. Abfcgan. Buchanan. Monrovia. Tama. Apapa. +Lome AFRICA'S FULL
      327 words