The Business Times, 5 August 1986

Total Pages: 26
1 26 The Business Times
  • 13 1 BUSINESS TIMES M.C. (P) No. 192/12/85 TUESDAY, AUGUST 5, 198 C 75 CENTS
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  • 634 1  -  SSA seeks to protect firms from unlimited negligence claims By SOH TIANG KENG, Financial Correspondent MOVES which could give auditors the protection of limited liability are being considered by the Singapore Society of Accountants. If implemented, they would mean a change in the law to protect auditing
    634 words
  • 495 1 TO SALUTE the innovative spirit of small enterprises, this year's hunt (or the most outstanding businessman has been extended to successful small companies they will vie for the Enterprise Award. The extension is in recognition of the fact that in the previous Businessman
    495 words
  • 233 1 PETROLEUM Argus, a Lon-don-baaed publication covering the oil industry, has aet up an office in Singapore from which to cover the Far East oil market, including Japan. According to Petroleum Argus, a decision to open the representative office was made after some delegates
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  • 85 1 AFP HONGKONG'S buoyant stock market hit a new record high yesterday, with the Hang Seng Index soaring to 1,906.28, up 32.17 points on its last record high, registered on Friday. Yesterday's surge was a pleasant surprise to many brokers who had expected some correction following
    AFP  -  85 words
  • 490 1  -  By SHAHRIR ARIFF EVEN MALAYSIAN Prime Minister Or Mahathir Mohamad was surprised at the outcome of the general elections, in which the ruling National Front won 148 out of the 177 parliamentary seats. Dr Mahathir told an earlymorning press conference yesterday that he was
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  • 314 1 LED BY A RALLY in Malay-sian-based issues, share prices rose encouragingly across the board on the Singapore stock market yesterday with gainers outstripping losers by 131 to 1L Bhae «Hps such as Singapore Airlines, National Iron, OCBC, Genting, and Maybank made
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  • 453 1  -  By HOMER CHEN,ELAINE KOH THE TRIAL OF Malaysian busi-nessman-politician Tan Koon Swan was adjourned yesterday at a subordinate court until Tuesday, August 12, at 10 am. Mr Tan flew to Singapore from Kuala Lumpur after what he described as an "uphill
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  • Page 1 Advertisements
    • 51 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM 11* Seating Systems to help you stay tit CPC 5500 A with black leather or fabric covering 1 y Head Office: 1 too Aoyoh Industrial ftirk *01-1387 Singapore 1231. lei: *****42 (4 lines) Showroom: 1 Maritime Square *02-68/9, World Trade Centre Singapore 0409. Tel:
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    • 194 1 HEDGE SHARE INFORMATION MONEY A EXCHANGES LETTER AIRCRAFT SCHEDULE CROSSWORDS TV RADIO BRISTOW DOONESBURY OUR VIEW MALAYSIAN PRIME MINISTER Mahathir has led his Barisan Nasional coalition to a resounding electoral victory. This has strengthened his hand and placed him in a position to exercise the healing touch his country needs.
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    • 85 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Malaysian Eleetions'B6 Cariier 7a 13 N'ss TO y 18 CT 3 GOLD AND DIAMOND BRACELET AND RING Cartier jewellery is sold exclusively in the Cartier jewellery stores and Les Must de Cartier boutiques Each piece is accompanied by a certificate guaranteeing its authenticity. mu/f
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  • HOME NEWS
    • 462 2  -  Cooperation in data collection and product evaluation By JEFFREY TSANG THE GOVERNMENT will support biotechnology companies by working with them, particularly by collecting data for these research and development companies, according to the Minister of State (Health and Foreign Affairs) Mr Yeo Cheow Tong yesterday.
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    • 190 2 MR KOH JUAN KIAT was appointed administrator of the Skills Development Fund last Friday, the National Productivity Board announced yesterday. Confirming a BT report which appeared on the day of Mr Koh's appointment, the announcement by SDF Council chairman Mah Bow
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    • 412 2  -  By MARTIN SOONG SOMERVILLE has landed a $2.5 million contract to outfit the kitchen and laundry at the Colombo Hilton Hotel in Sri Lanka with its custom-made stainless steel equipment. The company won the tender in January against bids from Sanyo Murako, Kingson International
      412 words
    • 332 2  -  By GOH YEE LING THE FORTHCOMING XH World Congress on Fertility and Sterility at the Raffles City convention centre will not only be the first to be held in South-east Asia but also the biggest to be held in the world. Professor S
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    • 419 2 A NEW PUBLISHER has been found for the Civil Aviation Authority of Singapore's (CAAS) air cargo newsletter. Publication of the newsletter for the local air freight community ceased at the end of April after the then-publisher VFPR Consultants gave notice of termination. CAAS
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    • 263 2 lAN HAMLYN has been promoted to first vice-president and regional treasurer of the American Express Bank Ltd. Mr Hamlyn joined the bank in Bahrain as assistant vice-president in 1979. In 1983, he was assigned to Singapore to develop the bank's foreign exchange and bullion business. He assumed
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    • 213 2 TWO ONCE powerful omnibus unions the Pioneer Industries Employees' Union (PIEU) and the Singapore Industrial Labour Organisation (SILO) are to be dissolved. About 80 members voted in a secret ballot late last month to have the two unions dissolved. These unions at their
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    • 123 2 A BT REPORT on Aug 2 on the Newspapers and Printing Presses Act (NPPA) may have given the impression to some readers that foreign publications which were gazetted for consistently meddling in Singapore's domestic politics would be declared "undesirable". The Ministry of Communications and Information yesterday clarified
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    • 234 2 SINGAPORE'S capabilities in making mattresses, personal computers, light fittings, gold Jewellery and other products will be promoted in a trade fajr in Brunei this week. >> Led by the Trade Development Board (TDB), some 11 local companies will participate in the fair
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    • 120 2 STRESS and how to overcome it will be the subject of a one-day seminar to be held at the Peninsula Hotel on Sep 5. The seminar will help participants to recognise the critical stress points in their lives and bow to overcome them. It will also
      120 words
    • 222 2 THE FALL in car sales continued in June with a 33 per cent drop compared with the same month last year, taking the total decline over the second quarter to 52 per cent against the same period last year. Latest statistics from the
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  • Page 2 Advertisements
    • 201 2 Businessman 4-Course Luncheon at $15 nett > Jf Looking (or good food and a conducive environment (or business discussions, ponder over the morning's problems or even to relax and prepare yourself for the afternoon? At IL Giardino, we have just the right combination for you, the businessman. A choice of
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    • 10 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day
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    • 64 2 FACTORY FOR SALE $1 MILLION Land area: 36,0005q.m. Building area: 15,0005q.m. Height of building: 9.144 m Breezy all day 1. Canteen, Sanitary facilities/water electricity supply, sprinkle system. 2. 4 Unit of 2.2KU 1,000 K.V.A. Transformers, suitable for all types of industry except food. 3.1.8 km to Jurong Port off Jalan
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  • MALAYSIAN ELECTIONS '86
    • 386 3  -  By BRIAN GOMEZ, Regional Correspondent THE POLITICAL ambitions of an apparently rejuvenated Parti Islam se-Malaysia (PAS) appeared to flounder during the weekend elections, although many more voters supported the party. Although PAS only won one parliamentary seat, compared with five in the 1982 election,
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    • 425 3 Bernama THIS YEAR'S parliamentary elections were characterised by reduced voter turnout and a decline in the voter share of the National Front, while PAS and the DAP showed gains. The voter turnout (ell to 69.90 per cent, the first time in the
      Bernama  -  425 words
    • 162 3 Bernama MALAYSIAN Deputy Prime Minister Ghafar Baba said yesterday that one possible reason (or the National Front's (NF) poor performance in urban areas could be communal sentiments. He said the government would continue with its social and education programmes to reduce racial polarisation
      Bernama  -  162 words
    • 569 3 Agencies MALAYSIAN Prime Minister Mohathir Mohamad's National Front coalition won a landslide victory in general elections at the weekend but may have to contend with the battle against ethnic polarisation. The Front emerged from the balloting with 148 of the 177 seats in the Lower House of
      Agencies  -  569 words
    • 192 3 Bernama THE SECRETARY-GENERAL of the Democratic Action Party, Lim Kit Slang, described the party's good showing and the 1966 general election as a "watershed" in Malaysian politics. "Never before have the people voted so decisively in the opposition's favour, especially for the DAP,
      Bernama  -  192 words
    • 871 3 ARRIVALS Operator Sirvici number Local tMM From StA UA OA CAL FT SV MAS MAS MAS SIA AC CPA MAS RBA OA SIA SWR SIA THAI SIA SV MAS G1A GIA SIA SQII7 UA805 GA72I8 CI34I FT75 SV398 MH68I MH811 MH67I SO 103 AC858 CX7I0 MH603 BM21
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  • Page 3 Advertisements
    • 43 3 R IIC.OI'ITRj; in! I 211.1 1 Mchwphoscs p-nts' model by .I.u'gt'r-l a- Coultm Automat it movement with complete calendar. Available in SINGAPORE: Robinson's Centrepoint Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: C.I.L. Centre Hilton Hotel Woo Hing Bros (M) Sdn Bhd
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    • 129 3 wr ■A Our new cargo freighters give you twice the capacity. And loads more convenience. Welcome to the big, new world of Korean Air Cargo. As you can see, we've upgraded our fleet to A3OO and Boeing 747 freighters. A quick glance at the table will show you exactly what
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  • ASIA-PACIFIC
    • 556 4 Broadly monetarist policies retained Reuter FINANCIAL ANALYSTS in Wellington said the 1986/87 New Zealand budget was sensible and in line with previous government policy. Presented to Parliament last Thursday, the budget for the March-end fiscal year restructures NZ|7.2 billion of debt in major
      Reuter  -  556 words
    • 516 4 AFP THIS YEAR'S decline in foreign investment in China reflects what Western businessmen say is their disenchantment with difficulties they face and China's care in choosing only the kind of investment it needs. The Chinese Ministry of Foreign Economic Relations and Trade
      AFP  -  516 words
    • 401 4 Reuter MOST OF Indonesia's state-owned companies should be sold to the private sector to make them mare efficient and competitive, says the director o( a government think tank. Ra)a Pande Silalahi, studies director at Indonesia's Centre for Strategic and International studies,
      Reuter  -  401 words
    • 177 4 UPI INDIAN Prime Minister Rajiv Gandhi will ask Parliament to approve plans for a security belt along the Indo-Pakistani border to prevent Sikh extremists from entering Punjab. The proposed security belt, which would Involve the stationing of troops along Punjab's 340-km border with
      UPI  -  177 words
    • 364 4 Reuter A HUGE SWING against Australia's ruling Labour Party in two state byelections this weekend in the country'» most populous state has shaken government leaders. Labour's share of the vote in its traditional New South Wales strongholds of Rockdale and Bass Hill in Sydney
      Reuter  -  364 words
  • Page 4 Advertisements
    • 332 4 tb esearc if"% THE YEAR _Z>w-/ V Wmr W:#Ar b\or rr excellence Business Times, Singapore's foremost business paper, and DHL, the world's leading courier, are proud to announce that the search is on for Singapore's Businessman of the Year, for the individual who made the most notable contribution to business
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    • 72 4 f f Quote, Unquote PP Japan's economic strength would be weakened and the country would start going downhill just like Europe. Japan's prosperity would not last more than 10 to 20 years Kazuo Inamori, president of Kyocera, the world's largest producer of industrial ceramics, speaking of the consequences if longer
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  • REST OF THE WORLD
    • 385 5 UPI US COMMERCE SECRETARY Malcolm Baldrige has said that a deal to sell four million tonnes of subsidised surplus wheat to Moscow means that Washington is in the "unpalatable" position of aiding the Soviet economy. He said the agreement was necessary for the
      UPI  -  385 words
    • 169 5 UPI PRESIDENT REAGAN'S decision to scrap the Salt n treaty could cost America US$lOO billion in the next decade for new nuclear weapons. The chairman of the House Armed Services Committee, Democratic Congressman Les Aspin, says the price for such an action "could be
      UPI  -  169 words
    • 173 5 Reuter NEW ZEALAND Prime Minister David Lange yesterday predicted a Berlin-style food airlift to the African frontline states if major economic sanctions are imposed against South Africa. Mr Lange has pledged New Zealand to support any sanctions decision made by the seven
      Reuter  -  173 words
    • 360 5 Reuter SOVIET LEADER Mikhail Gorbachev has delivered a critical lecture to Communist Party officials, saying his programme of economic revitalisation amounts to a revolution and will brook no hindrance. Mr Gorbachev, now back in Moscow, was shown on state television speaking in the industrial city of
      Reuter  -  360 words
    • 149 5 Reuter SOVIET collective farms have started selling some of their produce direct to public markets under a new system to improve supply to the consumer. Previously, collective farms had to sell all produce to state shops. The consumer's only alternative was expensive but good quality
      Reuter  -  149 words
    • 580 5 Economists hesitant about predicting a recession Reuter AFTER THREE YEARS of steady growth, Canada's economy is showing signs of faltering, but economists doubt a recession is imminent and some predict at least a small revival by year's end. "It's going to be a pretty shaky
      Reuter  -  580 words
    • 512 5 AFP A NIGERIAN review panel's report on the cases of persons jailed for crimes committed in the 1579-83 civilian government provides a broad overview of the corruption that many Nigerians believe constitutes their country's biggest problem. The report, released last Friday, examined the
      AFP  -  512 words
  • Page 5 Advertisements
    • 37 5 A lov«-hate relationship, pagt 7 Good ideas keep coming up Announcing the copier voted' Best Buy'by American end users. ion c onths Y Ifsa ier tecf" Ther ima< Jing syj Our i l»Ms And other winning originals,
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  • BANKING AND FINANCE
    • 476 6 Reuter WEST GERMANY'S three largest private banks have posted record profits in the first half of 1906, but several uncertainties cloud second-half prospects despite their optimistic forecasts, share analysts said. The booming exchange earlier this year once again ensured a healthy rise in surpluses from
      Reuter  -  476 words
    • 141 6 Reuter PERU'S government is extending for three months a moratorium on repayment of the principal of an estimated US$4.4 billion owed to private foreign banks. The public sector has not repaid any principal on its medium and long-term debt to private foreign banks since March 1963.
      Reuter  -  141 words
    • 439 6  -  By ALVIN TAY GREAT PACIFIC Finance, fresh from its takeover by DBS Bank last April, has stepped up its marketing drive for new business by lengthening the maximum maturities of its housing and car loan schemes to 30 and six years respectively. The move,
      439 words
    • 178 6 Reuter OTMAR EMMINGER, a former head of West Germany's central bank whose prominence In international currency questions earned him the nickname "Mr Stability", has died in the Philippines, aged 75. The bank said on Sunday that Mr Emminger, an expert on world currency
      Reuter  -  178 words
    • 246 6 Reuter THE BANK of Finland surprised financial markets last week by raising its key interest rate twice, part of a new policy to combat currency speculation against the Finnish markka and to fight inflation, bankers said. The central bank raised the call
      Reuter  -  246 words
  • MONEY AND EXCHANGES
    • 711 6 Reuter SINGAPORE THE US dollar yesterday closed weaker against most major currencies but above the morning's lows, after a day of moderate trading. Dealers said the dollar opened easier on speculative selling after failing to respond to better-than-expected US economic data. It recovered in early afternoon on some
      Reuter  -  711 words
    • 244 6 Interbank rotes at 3pm yesterday: Local dollars to on* unit of foretgn Md Otter c ftM parity ctm— US dolor 2 1695 2 1705 ***** -23 06 Sterling pound 3 2066 3 2123 7 3469 -56 33 Austrokon dollar 1 30)7 1 3044 ***** -6203 NZ dollor 1
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    • 409 6 BA Futures EURODOLLAR futures yesterday opened unchanged tram CME's close but lower than Simex's close following the better than expected unemployment figure last Friday. Prices remained steady but depressed during the day due to concern over the demand for the upcoming US treasury refunding package. The September contract ranged
      BA Futures  -  409 words
    • 271 6 HONGKONG: GOLD yesterday closed steady in hectic two-way trading as sentiment remained bullish. The metal ended at U*****.75/361.25 an ounce compared with Saturday's 360.50/361.00 close and the 360.60/361.10 finish in New York on Friday. On the local market gold rose HK$4 to end at HK53,332 a tael. Krugerrand rose
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    • 63 6 THE OVERNIGHT rate on the Singapore interbank money market closed at 4-5/8 per cent yesterday, up 1/4 point from Friday's close. The term rates remained unchanged across the board. S$ Interbonk rates at 7pm yesterday: OM«» M Overnight 4 5/8 4 1/2 1-month 4 3/8 4 1/4 2-month
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    • Article, Illustration
      331 6 Asian market ASIAN dollar deposit rates closed steady at opening levels in quiet afternoon trading. Short-dates were mostly steady at the outset and remained unchanged in subsequent trading. Overnight, Tuesday /Wednesday and week fixed closed at a common 6-1/2 6*3/8 per cent Asian dollar CD rates closed unchanged at the
      331 words
  • Page 6 Advertisements
    • 139 6 Now, *****00 puts you in touch with IBM. IBM has installed a new computerized switchboard, and in doing so, has changed its telephone number to 320-1000. The new Rolm CBX II telephone system with its numerous features will put you in touch with the person you want, faster. You can
      139 words

  • WORLD BACKGROUND
    • 869 7 NYT THE ORGANISATON of Petroleum Exporting Countries is bogged down in what some analysts believe is one of the most serious crises in the group's 26year history. Negotiations continued in Geneva yesterday as the organisation's members had still not reached an agreement after
      NYT  -  869 words
    • 904 7 Four-century trend in trade and politics undermined, say economists Reuter THE RISE of the Japanese economy has triggered a revolution that is tearing apart a pattern of world history that has existed for 400 years, historians and economists say. In less than
      Reuter  -  904 words
    • 702 7 AP US PRESIDENT Reagan's decision to subsidise wheat sales to the Soviet Union, made after a raging White House debate, underscores the ambiguous and often contradictory relations that the administration has with communist countries. Other administrations have had similar split policies toward communist nations, but no recent
      AP  -  702 words
  • Page 7 Advertisements
    • 105 7 SUPPLEMENT BY NATURETIME Blackmores, Australia's leading health care company, firmly believe H t ut a P oB l attitude is the first ingredient of good I f health. To be followed by proper diet, regular sleep and exercise. Executive Formula B Blackmores understand the busy schedule of executives. So they
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    • 19 7 m Sw J* DM PNV Li.lt ft C*& </>m CO CO Co WCO Co Co *v ?4r *xf 2S
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  • Page 7 Miscellaneous
    • 53 7 Doonesbury A VISCOUNT? AN ACTUAL VISCOUNT* HONESTLY, MARCIA, THB THNBS YOU BRING BACK FROM XXJR TRIPS' ANPLOOK AT THE FiQHKNG LOCKS! VISCOUNT, YOU'RE AVISI6CmCV&ON!NO MONDCR LONG HAIR IS BACK IN! v s 1 r ■T-: 9 B i m >1: BY GARRY TRUDEAU ft u V i LlrwS? Mm;* n
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  • FEATURES
    • 466 8 MALAYSIAN PRIME MINISTER Datuk Dr Mahathir Mohamad has led his 13-party Barisan National coalition to his second resounding electoral victory. Looking somewhat subdued after a hectic nine-day campaign and an all-night election vigil, he told a 6.30 am press conference yesterday the people had
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    • 1799 8  -  The US steel industry has suffered more than US$7 billion in losses since 1982. Plant closings have devasted whole communities and thousands of workers have been laid off. The steelmakers want the government to form a protective wall insulating the industry from low-cost imports, but they
      NYT  -  1,799 words
    • 346 8  -  letter to the Editor Joku M Carter Dear Bk, The letter from Mr Goh Tiam Lock, President, Singapore Institute of Surveyors k Valuers concerning the International Real Estate Federation or FIABCI clarifies the relationship between the Singapore Institute of Surveyors A Valuers and FIABCI. 1.
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  • Page 8 Advertisements
    • 73 8 *zs > i LluLa JULY/AUGUST 1988 Pttl lX® VOL 10 NO 7 4rf-< 5a Tl „V >vV' A r*s fc* I 'MtS ««r...er0..525b mar* VZ* State of the Economy Sorting out the signals INCLUDING W&Z& A residential rally. Wages What went down... but should it stay down? Bonking The long
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  • Page 8 Miscellaneous
    • 697 8 CROSSWORD CRYPTIC PUZZLE ACROSS 3 Polo mon (5) 8 Hestitate to take a b«rd (5) 10 Well-known reducer of speed (5) 11 It contoins less thon a deconter (3) 12 The Romons were somewhat wrapped up in them (5) 13 Arreors relatrvg to a returned book? (7) 15 His sails
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  • SPORTS
    • 474 9 AP WILLIAM "The Refrigerator" Perry scored a touchdown on offence and helped the Chicago defence show England why it is America's best, as the defending Super Bowl-champion Bears beat the Dallas Cowboys 17-6 on Sunday in an NFL pre-season opener at
      AP  -  474 words
    • 408 9 UPI AUSTRALIAN Wayne Gardner mastered a treacherously wet Silverstone Circuit on Sunday to win the British 500 cc Motorcycle Grand Prix and narrow the lead by championship leader Eddie Lawson. The American finished third when his Yamaha faltered near the end. Lawson has
      UPI  -  408 words
    • 212 9 AP DAYS after his marriage to actress Tatum O'Neal, John McEnroe ends a 7-month sabbatical from tennis this week in the U*****,000 Volvo International tennis tournament at Stratton Mountain Resort, Vermont. McEnroe, who took leave from tennis in January after a series of lacklustre performances dropped
      AP  -  212 words
    • 461 9  -  By WALTON MORAIS THE YOUNG GOLFER sitting in the locker room on Sunday was quiet and thoughtful. He picked his words carefully and when he spoke they were not the words of an average winner. In other words, M Balraj celebrated his first Open championship
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    • 268 9 Reuter GREG TURNER of New Zealand snatched a surprise victory in the Scandinavian Open golf championship on Sunday after American Craig Stadler bogeyed the last three holes. Stadler, the former US Masters champion, was 21 under par with three to play three strokes clear of the
      Reuter  -  268 words
    • 363 9 AP TOM KITE, nine shots behind at one point, rapped in a 1.2-metre birdie putt on the first extra hole on Sunday and won a fourman playoff for the title in the Western Open Golf tournament in Oak Brook, Illinois. Kite, of the United
      AP  -  363 words
  • Page 9 Advertisements
    • 62 9 BT helps you BT, Singapore's biggest business daily has a weekly page devoted to training and development to keep Singapore ahead in the economic race. Every Wednesday, BT brings news of the latest techniques and developments in training, productivity and acquisition of skills. Our comprehensive coverage on "Training Development" spans
      62 words
  • Page 9 Miscellaneous
    • 1178 9 THE WORLD CHALLENGE The Lott Opportunities Bpm, Channel 12 Suez, Congo and Cuba three lost opportunities for powerful nations to help new nations to their feet. This programme highlights the issues involved and the wounded relations between Northern countries and their Southern ex-colonies. TUESDAY PREMIERE Airwolf 10.50pm, Channel 5 Michael
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    • 37 9 Play golf the Sevvy way A LOT OF Hi 6* HAHPtCAP PLAYEX& MAKE THE MISTAKE QC APPHBWit? THE BALL WITH THE CLUS SHAFT POiHTtHG TO THE CHIlsl.. THIS fS CALLE£> THe'Y'APO*£$$ AHP rr is A MAJZZX FAULT.
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  • INTERNATIONAL COMPANY NEWS
    • 862 10 NYT IN THE LATE *****, executives from the Manufacturers Hanover Corp used to point proudly to a bulging portfolio of energy loans that put their bank in the same league as the fast-growing lending giants from Texas. Now, Manufacturers Hanover is afflicted with many of
      NYT  -  862 words
    • 821 10 NYT CHARLES ALLMON, the publisher of Growth Stock Outlook, an Investment advisory service in Chevy Chase, wears another hat, too. He is the president and chairman of the Growth Stock Outlook Trust, a closed-end investment company that made its debut as a new issue
      NYT  -  821 words
  • Page 10 Advertisements
    • 450 10 Bea tsm m to Win#, ttiiw «dd «««iKaui M|P R»#f=p yy£/i'\ Hta I'm* Ha. Ow T«» Nan* IWt. I lNMiiiM<«prMk hkrJHs# (Mtf) $10.50 (CkM) iEE3 i jqq.M Ist- 15 th AUGUST 1986 TIEN COURT For a whole new Sichuan experience! f' S 7? Tien Court presents a feast of spicy
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    • 217 10 Sunday family attraction Only $150 or $180 for a table of 10. Two grand 8-course menus for a delightful lunch or dinner treat tfor the family. Weekday fare (Lunch only) Only $60 for four persons or $90 for six persons. ($l5 for extra person). L Two splendid menus for busy
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  • ASIAN STOCKS
    • 382 11 HONGKONG: Share prices yesterday surged on heavy demand from overseas institutions, sending the Hang Seng Index above the key 1,900 level to another closing high, brokers said. The index finished 32.17 points higher at a record 1,906.28, surpassing a high of 1,874.11 reached last Friday. Turnover rose to HK5862.71
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    • 241 11 AUG 04 A1 Smear* Mm Asao Cement HT 2 01 23 80 31 00 003 12 1 Kuochan Da» Laa Chong Yuan Cham Indus Lian Hwo Indus 21.50 29 70 II 45 36 20 +1 -1.3 0 05 1 Chang Hwo Bank 42 80 23 70 -11 0 3
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    • 345 11 TOKYO: Share prices closed easier yesterday on small-lot selling centred on low-cost, large capitalisation shares, brokers said. The market fell 21.69 points to 17,263.10 after falling 37.14 on Saturday. But the Composite Index of the first section rebounded by 2.16 points to 1,409.13 points. Turnover was an extremely thin
      345 words
    • 68 11 AUG 04 Poos On«nto( B 0.013 -0 001 Phi Overseas 0017 unch Acoie Mjnmg Argio PM 22!ii +***** B 0 2350 -0 005 Ap«x Mmmo B 0.0I3N Pic op B Alto* Con 6 0 012 -12 988 PLOT 147 >2 Baguo Gotd 0.0012 unch Bone P«troteum 0 0004 8
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    • 420 11 SYDNEY: Australian share markets closed lower in thin trading yesterday with selling pressure among quality industrial stocks offsetting demand for gold shares. Near the close of trading, the All Ordinaries Index was 4.5 points easier at 1,120.2, the All Industrials Index was 9.4 points off at 1,776.9 while the
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    • 91 11 AUG 04 WM Kongo on knd 1190 2060 20 -55 1950 -l> KoAon M 2400 69 Doabn Ind 655 1540 4-15 55 Korea Long Tarm 1608 1638 28 38 Dos moo Hanv 1515 46 Onantol Brawory 1490 20 Dong Ah Phor 888 -2 unch 20 PocaMc Chtmcal 1301 •235
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    • 107 11 AUG 04 MNS Sam Cement 577 unch Sum Citizens Alio Fi*• Ayudhyo kivestmerrt Bangkok Aground Bangkok Bank 35 75 186 0.25 1 S<am G»y Cement Starry Commercial Bank 494 526 inch •2 Bank Of Ayutttya Choroong Thai Wir* Sam Food Products Smger Thaland 281 25 75 30 inch -05
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    • 56 11 Reuter MERRILL LYNCH and Co Inc will apply for a listing on the Tokyo Stock Exchange, the company said in a statement in Tokyo yesterday. The board of directors of the US securities company decided to seek a listing on the exchange at a meeting
      Reuter  -  56 words
    • 149 11 Reuter THE Furukawa Electric Co Ltd of japan and China's Xian Electric Cable Factory have set up a Joint venture to make optical fibres and cables, according to the New China News Agency. It says the venture, Xifu Optic Fibre and Cable Co, in
      Reuter  -  149 words
    • 116 11 Reuter CSR LTD yesterday announced in Sydney it would receive proceeds of Aslso million this week after completing a previously-an-nounced placement of 50 million shares at A 53.00 each. The placement of 30 million shares with the Australian Mutual Provident Society
      Reuter  -  116 words
    • 110 11 Reuter THE Australia and New Zealand Banking Group Ltd (ANZ) intends to buy back all outstanding shares in its New Zealand unit, ANZ Banking Group (New Zealand) Ltd in a deal worth NZ$2l7 million. ANZ said in a statement it would pay
      Reuter  -  110 words
    • 160 11 Reuter THE National Mutual Life Association of Australasia Ltd says it will offer A 52.25 a share for the 88.7 per cent of the Issued capital of Vamgas Ltd it does not already hold. Vamgas, an oil and gas producer
      Reuter  -  160 words
  • Page 11 Advertisements
    • 134 11 0 itm* U wtm 9 asii eaierialsi y&ir.V Start of A New Experience Kinta-Mani. Transports the old world charm of Indonesia to you Tastefully furnished and decorated with art and batik that's uniquely Indonesian Lunch or dine under cloudy blue sky Tickling your palate with an authentic Indonesian cuisine is
      134 words
    • 147 11 m .Msr* Happenings galore, prizes aplenty... from now till August 30. Remy Martin XO and Highland Queen whisky bottle buyers will receive exclusive gifts and win attractive prizes in a lucky guiz. Ladies Night and no cover charge for couples till 10 pm Sunday to Friday •The heats of the
      147 words
    • 114 11 c-~r u MK dM Relax over the finest drinks Savour the most tender juicy succulent steaks Enjoy stunning performances by top local international artistes Business Hours Moo Thur: 12pm to lam Fri, Sat Eve of Public Holidays 12pm to 2am Open daily except Sundays Happy Hours: spm to Bpm 20%
      114 words
    • 158 11 Training improves your Let BT show you how every Wednesday. Fashionably hyatt Join the fashion-conscious every Tuesday, 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
      158 words
    • 101 11 *.*> fi* II 1 Food Boom Package s\ rrc \b' V liM era 330=33 E Ca«. Singapore 0922 T«l *****22 T«l* RS »7«2 £5 krz m V« SE§ B < For only $280*, enjoy a splendid 10-course lunch or dinner with Cantonese specialities like Barbecued Suckling Pig and Braised Shark's
      101 words

  • RAW MATERIALS
    • 643 12 MBT THE WORLD BANK, now working on a long-term projection (or tin, sees a continued decline in demand in the foreseeable future because of substitution from competing materials like aluminium and plastics for packaging uses. Even the sharp drop in prices
      MBT  -  643 words
    • 156 12 Reuter THE KUALA LUMPUR Tin Market, KLTM, has offered membership to major Thai and Indonesian tin producers. Malaysian officials have informed Thailand Smelting and Refining Co Ltd (Thaisarco), a unit of the Royal Dutch/Shell group, and PT Timah, the Indonesian state-run mining and
      Reuter  -  156 words
    • 146 12 Reuter TEA PRODUCTION in the main origin countries was sharply lower during the first six months of this year, broker Wilson Smithett A Co said in a review. North Indian production up to June was estimated at 125,300 tonnes, down from 165,844 in
      Reuter  -  146 words
    • 69 12 Bernama PHILIPPINE Agriculture and Food Minister Ramonmi tra has said the Philippines' rice loan of more than 100,000 tonnes from Indonesia will be paid in kind. Mr Mitra said he requested the Indonesian government last month to accept the payment of 100,000 tonnes of
      Bernama  -  69 words
    • 148 12 Reuter CHINA will keep its 30-year-old system of grain rationing for up to 10 more years in spite of bumper harvests. The China newspaper Business Weekly quoted a top official of the Ministry of Commerce as saying grain output was erratic and present output
      Reuter  -  148 words
    • 116 12 AFP CHINA aims to export 10 million tonnes of coal this year, 2.4 million tonnes more than in 1985, a Beijing newspaper said yesterday. The Guaagming Ribao quoted an official of the China National ImportExport Corp as having said that
      AFP  -  116 words
    • 147 12 Chineee Product Robusta 20/25% Exchange FOB NSW ***** Sellers' noon closing prices on Nutmeg Aug 4 (55/100 kg). 110 FOB NSW 1355 00 Coconut oil BWP FOB NSW 1256 00 Bulk FOB 4300 Gombier Old drum FOB New drum FOB 56 00 60 00 FOB NSW 330 00
      147 words
    • 66 12 Bangkok Broken Rice 125 122 unq (US$/t0MM, FOB) White Rice A-l Super A-l Special C-l Special C-1 Ord 100% 1st ckm 260 unq 100% 2nd class 225 Loonzoin Rice 100% 3rd class 220 100% 1st grade unq 210 100% 2nd grade 220 5% 100% 3rd grode unq 10% 205
      66 words
    • 389 12 UPI A NEW FIELD of vents spouting hot, chemically-rich fluids into the sea from the ocean floor has been found in the Pacific Ocean about 460 km off the north-west coast of the US. Researcher Eddie Bernard, the director of
      UPI  -  389 words
    • 100 12 OIL PRODUCTS All CRUDES inched upwards in light trade. Most recent Far East crudes done: US$7.6O (Thurs, Clnta), US$6.5O (Thurs, Duri). In the Far East petroleum products market, naphtha and fuel oil prices eased slightly in talk with no fixed price deals identified. Kerosene remained tight. Yesterday's closing prices for
      100 words
    • 158 12 MALAYSIAN crude palm oil prices yesterday closed slightly lower on light selling and buyers' reserve. Aug central region deliveries fell M? 5 to 1490 per tonne while south was unchanged at 1506. The refined market was dull with higher asking levels prompted by the dollar's fall against the
      158 words
    • 222 12 Reuter SINGAPORE THE MARKET yesterday closed slightly higher with September One RSS buyers quoted at 173.75 cents per kilo, up one cent from last Friday. In the TSR 20 market, trading was very quiet throughout the day and prices rose slightly on light buying interest. TSR 20 September and
      Reuter  -  222 words
    • 71 12 Reuter THE KUALA Lsmpar Tin Market price yesterday eased seven cents fr»m last Friday te MII4JBB per Idle, en lack ef baying at higher levels. Generally buyers were reluctant te trade In view sf the everfcaagtog stacks rttlmstrt areand 79,080 tonnes en the werid market. Ptspssals fell to
      Reuter  -  71 words
    • 649 12 COFFEE ROBUSTA COFFEE futures yesterday ended the morning session near the lows with no fresh news and little physical offtake to support the market. Volume remained thin. Contracts were £43 to £28 a tonne lower mainly on the back of commission house liquidation, with sentiment still dampened by
      649 words
    • 288 12 RAS prices »Sco«t*A«. F08-I NOON CLOSE Int 1 RSS Prompt 173 25 174 25N 174.00 *****N Int 1 RSS Sopt 86 173.00 173.50 173 75 174.25 In* 1 RSS Oct 86 173.25 173.75 174.00 174 JO Int 2 RSS O P 169 SO 17I.50N 170.00 172.00N Int
      288 words
    • 102 12 (cants/kg. 1-toa p SEPT 86 OCT 86 (currant month) (forwor d month) NOON NOON RAS Sdlm Beyers SSR 20 160 00 162 OON 160.50 162 SON SSR SO 157 00 159.OON 157.50 159 SON MRELB S«(Wn f Siim SMR CV 238 00 240 OON 239 00 241
      102 words
  • Page 12 Advertisements
    • 302 12 N.M. ROTHSCHILD SONS (SINGAPORE) LIMITED 1. Manager Corporate Finance 2. Assistant Manager Banking N.M. Rothschild Sons (Singapore) Limited invites well qualified applicants for the above challenging positions which offer excellent career development prospects. Whilst there is no pre requisite attached to the applicant's educational background and discipline, it is important
      302 words
    • 11 12 Tha raat of tha reports wtra not availabla at praaa tima.
      11 words
    • 64 12 LTCB The Long-Term CredK knfc ot. NEGOTIABLE I FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE STH AUGUST, 1988 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the Interest Period from sth August, 1986 to sth February, 1987 the Certificates will carry
      64 words

  • SHARE INFORMATION
    • 4056 13 A MILD post-election rally brought share prices, particularly of selected Malaysian-based issues, to a firm close at the Singapore stock market yesterday. When the market opened share prices were quoted higher than their previous closing levels. As a dealer puts it: "Prices were
      4,056 words
    • 220 13 1 c s M iMfcaa H laaaa Fa s ia T H i Maa MUT CIYm, C I H.I«.» 0 c Nat Iras Kmt Bact Tat Laa Km CM y h s SINGAPORE Rism 11 575 -f30 tTCfpiMta 390 20 »T hicitii 243 17 «T OB/OS 740
      220 words
    • 3222 13 BID and offer prices officially listed and business i> sad reported to the Stock fcjMM oI Singspnre yesterday with the number at riiares traded shown in brackets In lots at 1,000 units unless otherwise All Time Settlement Contracts are quoted after the word "SETT". Big
      3,222 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 233 14 Carrier seeks more planes from US HONGKONG Dragon Airlines Ltd yesterday denied a Hongkong press report that it wants to buy a US airline but said it might look to an American carrier as a source of aircraft. "Dragonair has no plans to acquire
      233 words
    • 285 14 Mr John Goh Tiong Ean has resigned as the director/managing director of Tiaa Stag Holdings as from July 31. Harimaa Investments says the net tangible asset backing per share as of June 31 was $1.31 each. Overseas Union Enterprise Ltd incorporated Mandarin (Singapore) International Hospitality Services Pte Ltd
      285 words
    • 499 14 AS EXPECTED, the Kuala Lumpur stock market yesterday reacted favourably to news of Barisan Nasional's overwhelming win in the general elections. Share prices were traded higher on strong buying support right from the opening bell. Selective situational counters led the list of substantial
      499 words
    • 1938 14 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. MDUSTKMLS Acmo (1506) Aiinomoto (308S) AMD (2946) Ale* Hlo(cd) Alcorn
      1,938 words
    • 191 14 HARRISONS MALAYSIAN PLANTATIONS Berhad: 10th AGM at The Theatrette, Ground Floor, Bangunan MIDF, Jalan Tun Razak, ***** Kuala Lumpur, tomorrow at 11.30am. PHASER A NEAVE Limited: 87th AGM at 475 River Valley Road, Singapore 1024, on August 7, at 10am. QAF Limited: AGM in the Conference Room, 230B
      191 words
    • 457 14  -  By NAJEEB JARHOM FIRST-TIME investors and punters who wish to try their luck in the stock market should be armed with some knowledge of how to discern market trends. For the novice and would-be investor keen to learn the ropes of reading market
      457 words
    • 146 14 DATUK K K Sharma and Mr Samuel Chin have both resigned from Ambassador Holdings Ltd with effect from yesterday after a resolution was passed by the board. One of the two men, Datuk Sharma, has been sued by the liquidators of Singapore stockbrokers E G Tan
      146 words
    • 108 14 HONGKONG All Industrials Hongkong Index Monday 1776.9 Friday 1786.3 Monday 1187 35 Week ago 1742.0 Friday 1169.28 Week ago 1154 68 NEW YORK Hong Song Index Dow Jones Monday 1906.28* Friday 1763.64 Friday 1874.11 Thursday 1775.31 Week ago 1847.29 Week ago 1810.04 TOKYO Standord Poors Nikkei Average Friday
      108 words
    • 255 14 Monog«rs' prices for Aug 5 MARA Bum! putrs First B'putro 4 44 4.49 Singapore Unit Trust Second B'putro TNrd Bjputro Fourth B'putro 4.17 4.22 3 20 3 25 The Comnwrce 0 82 0 88 3 59 3.64 The Sovings Fund 0 74 080 Fifth B'putro Sixth B'putro 2.27
      255 words
    • 475 15 n mm™ By HOCK LOCK SIEW INVESTORS appeared unworried yesterday by Promet's announcement on Friday night that it was making an additional extraordinary writedown of M 525.7 million. It's a step which has widened the group's 1965 net attributable losses to
      By HOCK LOCK SIEW  -  475 words
    • 395 15 MBT STOCK MARKET analysts in Kuala Lumpur say the overwhelming mandate given to the Barisan Nasional to rule Malaysia for another five years will have positive effects on the stock market. KLJSE chairman Nik Din emphasised yesterday that he was happy the election was
      MBT  -  395 words
    • 332 15 MBT FOLLOWING the Barisan Nasional's win in Malaysia, TDM director Mohd Ghazalli Mohd Khalid said that the government has made promises to boost the economy and it is expected to fulfil these promises. Mr Ghazalli added that there should be
      MBT  -  332 words
    • 369 15 LAST FULL YEAR Company Period Dote Year Net EPS Gross Net announced ending (cents) div profit S J Amol lost year (S'000) Interim Dec 19 Mor 86 7 3 520 Roxy Elect Fmot Jan 18 Dec 85 14 7 8 3 2,762 H Leong Credit Interim Mor 14
      369 words
    • 656 15  -  Directors optimistic about maintaining level of profitability By RAMESH CHANDIRAMANI SKILLFUL forays into both the foreign exchange and equity markets, together with the coming onstream of two new sources of income, have helped United Industrial Corporation Ltd boost its half-year earnings two-fold. Group
      656 words
    • 305 15 THE 41 remisiers of defunct stockbroking firm E G Tan A Co have not given up the fight to recover their deposits. They are appealing to the Stock Exchange of Singapore for help. In a letter signed by all 41 remisiers,
      305 words
    • 65 15 MALAYA TIN Printing says that Ventec Holdings has reduced its holding in MTP by 6,000 shares, bringing its total holding to 1.519 million shares, or 5.39 per cent of MTP's equity. Mr Soo Chong Hin, a director of MTP is also a substantial shareholder by
      65 words
    • 243 15 GENERAL Secarlttos Investments has asked the stock exchange to suspend trading in its shares as from today. Qui* Holdings Bhd is not proceeding with the acquisition of a 75 per cent equity interest in Syarikat Cahaya Muda Perak (Oil Mill) Sdn Bhd nor the acquisition of a 98.7
      243 words
    • 669 15 Current Ei Books Dote Totol for Totol for poy men t dot* close payable the yeor last year Ale* Hldgs 5% Sep 5 Sep 12 Sep 26 5% 6% B Sembowang 30%(|) Jul 24 Jul 31 Aug 22 30%(|) 20% Boto 8%l Aug 13 Aug 25 Sep 8
      669 words
    • 239 15 THE SIME DARBY group has once again taken over control of trading, manufacturing and motor group Pernas Sime Darby Holdings Sdn Bhd (PSDH). It has raised its stake in PSDH to 70 per cent from 49 per cent, which cost the plantationbased conglomerate M
      239 words
  • Page 14 Advertisements
    • 243 14 NOTICE NOTICE IS HEREBY GIVEN that, I Gan Ah Bee Gan Ah Mee of Blk 232, Bain Street #23-21, Singapore 0718 have applied for a First Class Beer House licence in respect of premises at Kim Ping Pei Hot Cold Drinks at 29 Foch Road Stall #01-41 Food Centre Singapore
      243 words
    • 242 14 NOTICE NOTICE IS HEREBY GIVEN that, I Can Ah Bee <g Gan Ah Mee of Blk 232, Bain Street #23-21, Singapore 0718 have applied for a First Class Beer House licence in respect of premises at M/s Kim Ping Pei Hot Cold Drinks at 29 Foch Road Stall #01-44 Food
      242 words
    • 4 14 a ■m *3T every
      4 words
    • 385 14 NOTICES ■t, mxr THE COMPANIEB ACT, CAP. 1M AND POO H ENG PAPER PRODUCTS PR UD At an extraordinary general meeting of the members of POO HENO PAPER PRODUCTS PTE LTD duly convened and held on 28 July 1986 at 10 Jalan Besar #12-06 81m Lim Tower Singapore 0620, the
      385 words

  • Page 15 Advertisements
    • 125 15 f ANNOUNCEMENT We have the pleasure of informing our clients and business associates of our official appointment as sole distributor for Adaptec, Inc of Milpitas, California U.S.A. t the leader and innovator in high-performance controllers for computer peripherals. This prestigious appointment is based on the main consideration, amongst others, that
      125 words

  • 627 16  -  By LOH HUI YIN THE CONSEQUENCES of a falling birth rate on Singapore's future were further spelled out by the First Deputy Prime Minister Goh Chok Tong last night. They include slower economic growth, a heavier burden on the working population
    627 words
  • 245 16 MINISTER of State for Health Yeo Cheow Tong said that the government is "leaving no stones unturned" in its effort to encourage Singaporeans to have more babies. "We want to know what are the factors that are discouraging couples from having more
    245 words
  • 97 16 AFP THAILAND is ready to sign the Multi-Fibre Arrangement renewal draft, agreed on in Geneva last week, though it is the most restrictive MFA accord to date. A Thai Economic Department official said in Bangkok yesterday that his country's readiness to sign was included in
    AFP  -  97 words
  • 463 16  -  By LIM SOON NEO THE first phase operation of the Mass Rapid Transit (MRT) system is expected to help generate gross advertising revenue of some HO million anually, said an advertising consultant to the Mass Rapid Transit Corporation (MKTC). This estimate
    463 words
  • 135 16 PUMP PRICES of petrol will be cut again today following the reduction in the posted prices of petroleum products by oil companies. The price of premium grade petrol has been reduced from 93.5 cents per litre to 91 cents, and intermediate grade prices have
    135 words
  • 74 16 Reuter PRESIDENT Corazon Aquino has ordered the central bank to draw up rules to allow foreign financial institutions to convert their credits to the Philippines to equity investment. The order, issued on July 24 but made known yesterday, would encourage holders of such obligations to invest
    Reuter  -  74 words
  • 190 16 Reuter SOUTH KOREAN Finance Minister Chung In-Yong told the US ambassador yesterday that Seoul had rejected Washington's request to revalue the won against the dollar. Mr Chung told Ambassador Richard Walker that his government would not "artificially" readjust the won upward against the US
    Reuter  -  190 words
  • 313 16 AP SINGAPORE, South Korea, Taiwan, Hongkong, India, Pakistan and Bangladesh have gained the most among Asian countries from the rise in the value of the Japanese yen, according to the Asian Development Bank. In a report released over the weekend, the bank's Economics Office
    AP  -  313 words
  • 287 16 THE FIRST INDICATIONS that there have been some improvements in the economy should not be taken as signs that Singaporeans can relax. They will have to continue to accept the stiff government measures which have been implemented, said the Acting
    287 words
  • 120 16 Reuter COMEX gold futures worked lower in early trading yesterday on follow-through selling from Friday's setback that came on news of a Senate recommendation that the US sell gold from reserves to prod South Africa to dismantle its apartheid race policies. In modest activity, the leading
    Reuter  -  120 words
  • 55 16 Reuter WALL STREET stocks were broadly lower in moderate trading early yesterday. According to analysts, concern over the US Treasury's refinancing which starts today deterred stock market investors. The Dow Jones Industrial Average was off 14 to 1750. Declines led advances by a threeone ratio on volume
    Reuter  -  55 words
  • LATE FILE
    • 40 16 Reuter BRITISH Prime Minister Margaret Thatcher yesterday softened her stand on sanctions against South Africa, saying that she would not stand in the way of limited measures proposed by European Community leaders in June. Reuter
      Reuter  -  40 words
    • 61 16 AP OIL MINISTERS from 13 Opec countries were yesterday consulting their governments on an Iranian initiative to reduce the cartel's production and raise oil prices. The Iranian proposal would return all Opec countries, except Iraq and Ecuador, to production levels of October ISM and slash the
      AP  -  61 words
    • 33 16 AFP KING BHUMIPOL ADULYADEJ yesterday ceremonially opened the new Thai Parliament About 10 people carrying placards denouncing the Prime Minister's being an unelected official gathered outside the building. AFP
      AFP  -  33 words
    • 56 16 Reuter US LEGISLATORS who criticise China's record on civil rights and family are interfering in domestic affairs and hinting bilateral ties, the People'* Dally said yesterday. It attacked the US House of Representatives foreign affairs committee for urging Beijing to improve civil rights and to
      Reuter  -  56 words
    • 50 16 AFP CHINA and Brazil are to jointly build a weather and agricultural observation satellite to be lsimched by a Chinese Long March m three stage rocket. The cost of the project, to be shared equally by Beijing and Brasilia. will be around US* million. AFP
      AFP  -  50 words
  • Page 16 Advertisements
    • 252 16 MANAGEMENT DEVELOPMENT PROGRAMME Angust October 1986 Course Title Speed Learning Instructional Skills For Line Managers Supervisory Skills Programme Essentials In Starting And Maintaining A Small Business Planned Press And Public Relations Effective Publicity Writing Financial Analysis For Managers Telephone Techniques And Courtesies Marketing Through Franchising The Allen Manager's Seminar Staff
      252 words
    • 13 16 COLLECTION AGENCY 150 Orchard Road, #07-06 Orchard Plaza, Singapore 0923. Tel: *****06. *****74
      13 words
  • Page 16 Miscellaneous
    • 30 16 i showers ond gusty many areas before aawn. Report for 24 hours prior to 7.30pm on Aug 4 ot the airport: Maximum temperature 31.1 56 C Mttni tm 20 5
      30 words

  • SHIPPING TIMES
    • 261 17 PROFITS FOR American President Companies picked up strongly over the second quarter of 1966 on the back of record container volumes in the trans-Pacific and US markets. The parent company of American President Lines reported a net profit of US$4.4 million
      261 words
    • 347 17 AFTER HOLDING rates down for the last three years, the Far Eastern Freight Conference plans to revise its rates from Jan 1, next year. Westbound rates from the Far East to Europe will increase by 6 per cent while east
      347 words
    • 170 17 A JOINT SERVICE will be started by Mitsui OSK and Nigeria National Shipping in the Far East-Nigeria trade. Nigeria Express Service will operate a minimum of one sailing a month to complement the «taring monthly services offered separately by the
      170 words
    • 206 17 THREE MORE ships are being sold by Ocean Transport k Trading, the UK company transforming itself from an international shipping group to "a provider of Industrial distribution services." The sale of the three "S" class vessels will leave Ocean with a fleet of
      206 words
    • PORTSIDES
      • 140 17 UPI AN IRANIAN helicopter fired a missile at a Liberi-an-registered tanker at the mouth of the Gulf on Sunday, hitting the crew section and starting a fire, shipping insurers Lloyds of London said. The 37,617-ton Mercedes continued under its own power for Dubai after the attack
        UPI  -  140 words
      • 101 17 TOLL REVENUE of the Panama Canal is projected to hit U*****.5 million this year as a result of increased traffic. Container traffic which has expanded by an average of 8.2 per cent in recent years is expected to be the main factor contributing to the improved revenue.
        101 words
    • 1224 18 CHARTERING generally remained very quiet throughout the freight market on Friday with the only significant change in rates being a firmer level reported for grain from the US Gulf to Japan, shipbrokers said. There was some confusion as to the exact details of the Gulf/Japan business with paid
      1,224 words
    • 732 18 Union to abandon 100-year-old division between officers and ratings Reuter JAPAN'S merchant seamen are facing massive layoffs as the nation's depressed shipping industry looks at crews from nearby developing countries who will work for as little as one-sixth of local wages. The next
      Reuter  -  732 words
    • 331 18 AFP TANZANIA WILL offer its Indian Ocean port of Dar-es-Sa-laam to service the landlocked African "frontline" states if they decide to Impose sanctions on South Africa, the Tanzanian press reported. The offer was announced by the country's president, Ali Hassan
      AFP  -  331 words
    • 688 18 AB Shpg V 5 Accord Shpg VI 3 Afea Line VI 3 Anro Service IV 2/3 ANL 1 1/2 APC Line V 4 APL i 2/3 ASCL i 1 Bolt-Canada Line VI 4/5 Bait-Orient Line VI 4/5 Bank Line V 5 BBS 1 4/5 Ben Line Cont
      688 words
    • 76 18 THE HIGH cost of domestic fleet replacement has forced the Maritime Industry Authority (Marias) in Philippines to relax its policy on ship importation. The maximum age limit for vessels that may be purchased or taken on bareboat charter for the in-ter-Island trade is now set at
      76 words
    • 348 18 Fairplay PRIVATE SECTOR Indian shipowners are up in arms over the nppnrent determination of the government to give the Shipping Corporation of India a nwaopoty of the transportation of the country's crude oil imports. The private enterprise operators slso claim the state is
      Fairplay  -  348 words
    • 368 18 AP MEMBERS OF the Titanic expedition want items from the sunken liner to stay on the sea floor, but a Texas oilman says hell go after the artifacts. "I can't see them Just lie there and be absorbed by the ocean
      AP  -  368 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
    • 562 19 A LONDON-BASED shipping company has reached agreement in principle (or a contract of affreightment which could be worth over US$45O million to support one of the world's most ambitious energy projects. Despina Maritime is to provide all shipping services for a scheme to
      562 words
    • 150 19 Reuter IRAN HAS closed its oil loading terminal on Larak Island in the Strait of Hormuz after stprms damaged operations last month, trading and shipping sources said. Iran opened the Larak Island facility outside the range of Iraqi Jet fighter attacks in July to reduce
      Reuter  -  150 words
    • 236 19 Fairplay A LARGE-SCALE project to reconstruct and develop the Csepel freeport of Budapest will commence this year. The scheme for the port, operated by the Mahart Shipping Company, will be undertaken in several stages up to the year 2,000 in order to bring
      Fairplay  -  236 words
    • 253 19 AFP UNCERTAINTY about the eventual outcome of the meeting of the Organisation of Petroleum Exporting Countries (Opec) in Geneva did not dieter charterers from maintaining an active presence on the tanker market last week. Over a dozen largersized vessels obtained employment in the Gulf States area, where rates
      AFP  -  253 words
    • 222 19 DECLINE IN THE price of oil has dealt a blow to Walker Wingsail, the British pioneer m wind propulsion system for merchant shipping. 9 The company retrenched its 15 employees last week and asked its creditors for a threemonth moratorium of debts totalling £310,000. These
      222 words
    • 6853 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.
      6,853 words
    • 715 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO I* Gdns FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location McKinney Ms 8608 05.8.86 1800 Maersk F5 0900-100/0800-0900 A1/B1 Nik Tikhonov 0700-0800 Fl 25BW86 05.8.86 1600 S'pore Sov F7 0700-0730 W3 Nihon 256 05.8.86 1700 Ned-EAC
      715 words
    • 1706 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A—l A Top EirtarprMS Pta Ltd Soma 5) AS Sk<pptng Bou»taod Shpg Agrncm AUo Law Afncon Shpg Agencies (S) Ahrorfiwt Law Kan Shpg (5) Alfrad C Toapfar Ocaonu* St*ppatgAgencw* (S) Muit<>ort Sdn Bhd <PK) Aiw(ko«
      1,706 words
    • 491 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES G Seioton-7 Arktos Chris Isobel Equator 5 G'bal Mercury Kim Soon Li L Petolrvg 2 Omlohy Shoryu Maru Straits Pride Sun Hope K17 K12 K18 K23 K29 K22 K19 K29 K29 K24E K20 Ocean Inti Ned-EAC P
      491 words
  • Page 17 Advertisements
    • 750 17 r A tr 'I THE HEART OF THE o MM MPffC (Ut lb. M2IM, on i 200 C«*wnl M #12-05 SorikpMt. Sapport 0208 TH *****11 TOO NO B ***** CfS Of net 221 ton Twmml rite* *****11 523 CJfcMBW OMCOMMB lawn* cmf m US EUROPE *PRf SS SERVICE m 6/8
      750 words
    • 66 17 mm JAPAN'S merchont seamen are focing massive layoffs as the nation's shipping industry looks ot crews from nearby developing countries. Page II A LONDON-BASED company has reached agreement for a controct of affreightment which could be worth over US$45O million to support major energy projects. Pag* 111 Index to odvertisers
      66 words
    • 820 17 B ALT-ORIENT LINE -rjgij B attic Shippint Co Saudi East Mi fti Agent: Singapore Soviet Shipping Co Pte Ltd T<t *****33 MAERSK LINE FASTEST TRANS^H SINGAPORE/ANTWERP SINGAPORE/ROTTERDAM SINGAPORE/BREMERHAVEN iBTiITnTTi" Vor s-por. EXPOirr TO USA. 17 DAY! 18 DAY! 20 Bay •Smart Omm Tmm Cfi- 4/IMMMB CT- VI MM MB a
      820 words

  • Page 18 Advertisements
    • 341 18 YAMASHITA-SHINNIHON LINE TRANS-PACIFIC SERVICES Pacific South Watt Feeder at Kao ILLVBI lYanlfin MmlL lil, a KsciTic nonn iftti Faadar at Kao I HUB I Atlantic/Canada Faadar at Nagoya 111" "ItTl'' 1 nnCTBiiMBM uUL_.u«iiMiM L.iJimmm BMHMCMIinZUIIMIM.Iv". 1 mmniii i < —i 1 Bin i i ■'i in■■ in■ raminiiiJTMFai iai-ijiMn. i
      341 words
    • 219 18 (UMMffM EAST CONVCHTIONAL SERVICE TRANSPORT VOL (•stem Wiseman Muact I PkftMK S*« {■trace E>an|etos L Court I Carert I PT. of LOG. Ml Mil tat-H* (■■irt— noai Cadu BarctfcxuGenoa Ant Hbf B*aoP»sj»es Rott Ant Ant Hb| M4*| DATES SM 10-25/7 20-20/7 14-30/7 24/7-4/1 8-15/8 SM 15-27/7 20-30/8 18/8 L Further
      219 words

  • Page 19 Advertisements
    • 720 19 The Straits Steamship Group oci Overseas Containers Limited [CONTAINER SHIP SERVICE TO UK CONTINENT iiwoa bay BROO EIPRESS KOWIOOH BAY RHK MMU cm OF EDMURGH FIMWrWT EIfWSS CAfIOKAN BAY KITANO MAM) OSAKA BAY BREMEN EXPRESS StM H-toi 23/0 25/1 31/t 02/1 OS/9 11/9 It/! 11/9 23/9 25/9 11/11 13/10 11/11
      720 words
    • 634 19 Franco Belgian Services (member of ace consortium ,t ,w t r.-n. h r> Jlh li. i,-i ui I ,r I ,*t. rti I ,•>. mm. rmm u nwm r*m rs»mm mm r**m m mUMO < ft« 4 ft*) 2S ft* 24ft* 27 ft* 34 ft* 11 ft* 2i* m 13
      634 words

  • Page 20 Advertisements
    • 412 20 u Hapag-Lloyd 10 CONTINENT UK EXPORTS Hand taMbft to inland dodhoioM in Eurap< S'para PKeiantPeaaiif laii MCE nCKIOS 11/ l aaruM BCMOS M 19/9 13/9 19/1$ WitFROM N. CONTINENT &UK IMPORTS Htof Www Mm Www Si* PR S**af* Niit P»ts Hmmf RMtMißn i a H J/I i/i HR. wn Tat*
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    • 563 20 FULLY CONTAINERISED SERVICE OttKlAl OS MR FROMtUROPfVIASuiTj AMfmbft of the Are Consortium mftuc canm xt mi f til IY CONT AINf RISE D 10 I ROM NOR IN AMI RICA MSI CPAS! ■na/wma nasi KII 34E/KWS Ml KSE/nn H KCN 271/I*l til CONVENTIONAL SERVICE TO IRAN/PERSIAN GULF S PORE WORLD
      563 words
    • 260 20 /ff Hai Sun Hup Co (Pte) I id TFL *****06 (20 Lines) TLX RS ***** &RS ***** I \S I I R\ \K I IN! K. Ill) STRAITS/ JAPAN/ STRAITS SERVICE SPECIfILIST IN RO-RO HEAVY LIFTS \m INTERMARITIME LTD K. Krnbah (Sab Afaat) M *****4 Murta (Sab Ap*) T* »*****
      260 words
    • 843 20 r EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) KM CM WC Ml IK FU Ml MR LIS MP 9/9 nn nn un nn nn nn i/m vm zvm 122 122 22 22 Vl vw vm 7/u vm ii/M nn nn nn nn m/m u/m ivm u/» m/m «/u 21/9
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  • Page 21 Advertisements
    • 606 21 V\v PACIFIC INTERNATIONAL LINES Pll Building. 140 Cecil Street. 03-00 Singapore 0106 Tel *****33 1 FAR EAST CONTAINER SERVICE MAJAPAMT OOWA HOT A SMQA SIN JKT MY SIN mm mm um rrn tv mm mm mm 2M v* «m •TCM TAICHUNO *MUR HKO KAO *TCH KII MM *MUN HTC VOJC
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    • 611 21 BEN LINE CONTAINERS KkJJEBSEN LINE NFWZEAI AND TO KW ZEALAH), PAPUA KW FUI AND SOOTH PACFIC ISLANDS SM MM UC TVM WHI IHMU HUFF l/l 21/1 31/1 V 9 12/9 14/9 11/9 I I «OMMi Snt AkH/Tmi tape Iw> Ml 11/9 14/9 U/9 20/9 22/9 24/9 RlNiaLa AB.PMOPMB. OUTBOUND HANJIN
      611 words
    • 319 21 EXPRESS SEMI CONTAINERSHIP SERVICES' SINGAPORE TO EOROPE i pmmk tu-m I i/i lu/i ij/» u/i 21/1 vu-wl 2?a/«~) I rran luh »mb I a/i I 17/ m 2* w—23/11 S/ll 2-4/9 VII S/ll ALSO ACCEPT* BOTH CONTMPOS. COWOTM Iran. HULL IE NMK. OSLO TP I DJAKARTA LLOYD INDONESIAN NATIONAL UNF
      319 words
    • 300 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR m (Burmese National Unt) Loadbg far Ranfoon i'v** Pi** N tm I V* vc t/ifei li/uki mim 17/21 ta| 14/ it BANK LINE HOBTHBOUWD TO WC ME Ml Ml Mt TAUSALA SAMOA Y7 7/1 9/9 19/9 IV* TOMM NUGM V.l 21/1 29/9 27/9 2V>
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  • Page 22 Advertisements
    • 1140 22 \»:-"K"line *■■1 KAWASAKI KISEN KAISHA, LTD.— tCUMM/KRU/CHILE rain man nuns mm urn miimsMue uou w* truun ummommmo turn in nn uki nit hi« iu i Oct iiMUOd TAIWAN-JAP AN-CHINA-MANILA mma rrw nu raws stok MM nn *51 29 M J ta| 4 *X Sl* 7 A* MM *13 5 km
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    • 648 22 AUSTRALIA EXPRESS CONTAMER SERVICE AcwpMm FCL/FCL Contikwn wd« P Retail Imtf itssS S pcre MHb Frta Srdn Also Accepts UIOASV24 gfaif RAMDAS V 24 10 A<« 25 Aaf 3 Sept 1 Sep) Add/Bns UABAR V 27 19 A* CHANOKWS *21 2S.pl 17 Sept 26 Sep! 24 S«p< AM/Ira iltamn *7
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    • 496 22 GOLDEN LINE MKiQIt GUAM GUM SHTfMG (PTE) LTD 73. T*t kjm V—*—4 murm iim m hum <u ud> STRAITS/PERSIAN GULF SERVICE: GOLKN noma CotomOo «.»r»ch. Ihru Qatoes 12/1] Aa| Mai/bfcra* GOLDOI KM Cotombo H*tct» Doha Bataan Knurt 74/24 ft* 1/4 2/4 GUAN GUAN SHIPPING SON. BHD. P. KLANG Tat 03-*l7*l.
      496 words
    • 432 22 INTRASEA (PTE) LTD. 10 Anson R >art 3?7 1 6 lotefna?iO n H 14 1 S< 02C 7 Tel *****1' PHILITRON SHIPPING AGENCIES PTE LTD TEL *****22. (8 LINES) TELEX RS ***** PHIL I VI 14/4. 14/4 Wt V» 12/4. M/l a/« i E .i ii PTE LTD ebuuv..s»j *3
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  • Page 23 Advertisements
    • 671 23 s par. KPTUC MOCKS PTC. LID. FC 01/ MAT id ib .<«» I«M cn HOOBS tmm 27*753 msw 27*577 2212*22 *****53 OR MKT IMS 27*111 27*111 NEPTUNE ORIENT LINES LTD |M OMM cjl *****44 KPtM SON. BHD. 3MSM7/J6MS4S/36MS5J/3U7426 lOIM SON. M *****71/*****34/*****35 tout SON. M. 6155M/62MK/6271M/627M1/627M2 FU (AST/EUROPE FULLY CONTAINERISED
      671 words
    • 468 23 Hi. I toum/MKM h fwt 7 Dmm/MM 11/t lb. Owa/CMR 11/ l btbm Bhnr/(MS (Ma*) I}/I (OH lb I D«m/M7« 22/1 Eotam Übt (CM (lb*) 21/1 TW/MM (Ibafa) 21/1 (ON Mi. I Ow/IMW 7/1 lb. 7 Dmmh/HTN l|/9 lb Dvuni/MtN 11/1 lb I Omr/MM 7/1 11/ l It/I */l 2/1
      468 words
    • 542 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SMSOV BUUNNG 55. Market Street S«(apore 0104 lei: *****33 (15 Lms) Terminal Office: *****41/2 Cable Address SMSOV SMGAPORE Tetei Numbers RS ***** RS ***** RS 2510S P. KELANG M/S SHARKAT MAM SOON SOU BHD. IST AMD 2NO FLOOR. NO 1. MIAN CEMPEMNG. PORT
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    • 57 23 Mnismts L/\f JAPAN HONCKONC STKAII W SUN HOft V.3A mro HMD 3* V« L 2/» Gamni Surrey tar m. Smm Mara kt haM mHi tag Mat GAI K2I, I 0900 1201 In. That alkiM tartar amv aftar Mi Ma. SHBUSAWA MEBHN 1 PtT.T. TFTW CO. PILLTD, lu. cut ttwt #11*
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  • Page 24 Advertisements
    • 364 24 [Offf REGIONAL CONTAINER LINES TO BANGKOK (5 WEEKLY SAILINGS) VESSEL m fTT> '-'I'.:' 1 -iljl.M 77-i TWEn I 7-1/1 Sat/SM #-10/1 10-10/1 12-13/1 14-15/1 ESZ3E2EZI E2Z1C223 C2210Z121 I ItilJ 115\JLM ITV"I IW. hi 'virm CTTMI ihjimKifii »ir?7771 I mt rr^ THAILAND rm m m rru m m MALACCA STRAITS FEEDER
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  • Page 24 Miscellaneous
    • 159 24 •r mm Regional Weather v. mm v ri »A s> LL SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AJi. THIS MORNMGL V* Wind direction with speed m knots Wove height LEGEND: R Thunderstorm d*ection with speed m knots v Shower e Ram Wove height Cloudy Sky Serfoce winds ore indicated
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  • Page 25 Advertisements
    • 84 25 MEMOES Will STORE LNJT. JKT *****81/*****56/*****41/*****93 *****11/4 TEXMNAL 36U301/2 (*****/(*****/(*****/*****3 *****3/*****5/*****1/*****0 *****1/*****1/*****5 *****22 *****4/*****7 FAR EAST EUROPE CONTAINER SERVICE i r ii I'f n' irniCTi m muGaEjyTi gr~M TIPTi H'MI I ■mPTTI nm crzzannGai U.SO ACCIPTMG FOR; Mffmp. L HMNL IK. COKIMMOI. OSLO MM, GOT, IK. MJO 4CCOTMC Ml OSLO,
      84 words
    • 142 25 'NTFPNATIONAI TFS TOHOHQKOHO TFS VOV 115 TFS VOY 1* TO HAMBURG TFS VOY A 47 TFS VOV TTt Eta Pan EU Hbg •/a 31/s DNEV Eta Pan Eta Mai 88/8 17/9 ELUNO Eta Pan Eta Kao s/s 12/t Eta Kaa U/» TRANSOCEAN (M) SDN. BHD COLUMBUS LINE REEDEREI GMBH A
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    • 170 25 Scan Dutch V TO EUROPE (MEDITERRANEAN-UK-NORTH CONTINENT -SCANDINAVIA) FEEDER VESSEL PEN PKO SM Dmnun »)MMI JJLONDON I una OOOTNMMM Mw IM hi IM/CM if* H tepai/Ht 12/1 InmJVi 14/1 B. W»/2H TO RED SEA-MEDITERRANEAN R ta NKi/tMt >/» H. «M NMrt/CM TO HONG KONG-TAIWAN-JAPAN -CHINA* FEEDER VESSEL KOB£ BUSAN B
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  • Page 26 Advertisements
    • 129 26 CENTRAL GULF LINES TO UA ATLANTIC AND GULF mmn uk ■k n m m a a u-h/i !♦-iv® n-i'/i 17-u/i u-n/1 M/a n-nn tuvt u/% vm i ct-i ihm 17-17/s u-n/f a-a/t n-w» mm n-a/» a/u vu General Agents: Marco Shipping Co (Pte) Ltd, Singopore223kss6l Iwdo.MMW. Agmmtt: P.T. M Jakarta
      129 words
    • 167 26 K&S LINE JAPAN ST RAITS SE RVICE SANKYO LINE (S) PTE LTD. 143. t>< il Street u 10 04 l»H Bmfilinj Sporf 01IH .V ***** Poll Hi i lig.i t'uu Stappaig Srtn Khi? lei 0) jbliSU.'J Penjng Mjljv'ij I'jile 1 ltd Tel 04 hi X' 1 f .i-n Ijnrt.<n( M
      167 words
    • 333 26 °l'J; '»!y MitsciOSK Lines. Lid m iti r A CONVENTIONAL/SEMI-CONTAINER ASTRA PEAK KRTTI GARNET NEDLLOYD MOJI 26 AuQ Port Louis, Reunion 10 Aug Mombasa. Daressalam 15 Aug Mombasa. Daressalam CONTINENTAL PARTNER 11 Aug P. Noire. Monrovia. Abidjan, +Lome. Apapa. Tema Rmks: inducement. S.A VAAL 9 Aug Durban. P. ESz. Capetown
      333 words