The Business Times, 28 August 1986
1986-08-28
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The Business Times
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Title Section12 1986-08-28 1 BUSINESS TIMES M.C. (P) No. 192/12/85 THURSDAY, AUGUST 28, 1986 75 CENTS12 words
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346 1986-08-28 1 INVESTORS from Hongkong, Taiwan and China have shown enthusiasm for privatisation opportunities in the Philippines and Singaporeans may not be far behind. Philippine assets owned by the government are being sold every week, noted Natural Resources Minister Ernesto Maceda. Chinese investors were346 words
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Article, Illustration567 1986-08-28 1 CHAN OI CHEE - Non-stop buying boosts turnover By CHAN OI CHEE FUELLED BY non-stop buying interest, share prices rebounded with a vengeance across the board at the Singapore stock exchange yesterday on heavy volume. Price gainers led losers by a widespread margin of 11 to one. Blue567 words
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Article, Illustration289 1986-08-28 1 MALAYSIAN businessman Tan Koon Swan yesterday tendered his resignation as president of the Malaysian Chinese Association, a day after he was sentenced to a two-year Jail term in ■Singapore. Announcing Tan's resignation in Kuala Lumpur yesterday, party secretary-general Lee Kim289 words
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188 1986-08-28 1 MR PETER TAP, the lawyer of Jailed Malaysian businessman Tan Koon Swan, has appealed to the High Court to reconsider Tuesday's decision not to allow his client bail pending an appeal on his two-year jail sentence. The appeal will be heard next Monday at 3.30pm188 words
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434 1986-08-28 1 JEFFREY TSANG - By JEFFREY TSANG SINGAPORE'S tourist industry will receive a high-speed, me-ga-horsepower boost in November when the first Asian powerboat grand prix is held in Marina Bay. The event has attracted 16 international quality drivers from six countries, and the434 words
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490 1986-08-28 1 JOHN LIM - ■y JOHN LIM UNDER A PROPOSED amendment to the Legal Profession Act, lawyers convicted of an offence involving fraud or tlialnmesty will be barred from standing for election to the council of the Law Society of Singapore. Also, under the Legal Profession (Amendment) Bill490 words
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Page 1 Advertisements
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Advertisement177 1986-08-28 1 I V T J ULTRA V 1 J TOUR 432 UHEmiii So* Distributor ftODU SPOffHNG HOUSE TH: *****55 r :?{[{*+_:"["<<@$@~;":.)~{+*>?|$ We've s-t-r-e-t-c-b-e-d our repayment periods from the usual 25 years to a maximum of 30 years The longest home loan term available today' AT LOW RATES! Now we've dropped our177 words
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Advertisement303 1986-08-28 1 Midi, Page 13 Asian stocks, Pagt 11 bitn slocks, Psgs 10 Go for gold in BT GOLD IS BACK in stylo, and not only in the financial markets. Your chance to win ooldon prizes comes up tomorrow with BT's special supplement devoted to the Executive at Leisure. It will feature303 words
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Advertisement176 1986-08-28 1 BEHND EVERY SONY PRODUCTS SONY Service *****11 I he evolution of the mainframe Latest news from NCR Singapore We designed the NCR 9800 to grow the way your business grows Most businesses don't grow by leaps and bounds. They grow graduafly. But if you need to add to your mainframe176 words
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HOME NEWS
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Article, Illustration501 1986-08-28 2 JEFFREY TSANG - By JEFFREY TSANG A PROGRAMME to develop Singa pore's artificial intelligence capet Use through a package of training opportunities and research incentives is being formulated by the Economic Development Board (EDB) and the National Computer Board (NCB). Chairman of both boards, Mr Philip501 words
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465 1986-08-28 2 MARTIN SOONG - By MARTIN SOONG ASIAN AEROSPACE exhibition has found a permanent borne in Singapore following the formation yesterday of a new Jointventure company, Asian Aerospace Pte Ltd. The two partners in the venture, Singapore Aircraft Industries (SAI) and newly incorporated Cahners Exposition Group465 words
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Article, Illustration432 1986-08-28 2 SINGAPORE-baaed WahChang International Q-oup is looking for opportunities in the Malaysian starch industry. This would strengthen its regional operations and, in particular, capita Use on its wellestablished starch production hiMlnnsi in Thailand. Managing director Ho Kwon Ping revealed this yesterday morning when he432 words
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Article311 1986-08-28 2 Seminar* and courses DURATION Sep 6 Sep 8-10 Sep 9 Sep 9-18 Sep 11 Sep 12 Sep 12 Sep 13 Sep 15-17 Sep 16-18 Sep 16 Sept 16 (commencing dote) TITLE VENUE Monogement Corporations Shongn-La Hotel Problems and Solutions Sefing by Objectives Century Parti Part 1 Sheraton Data Management311 words
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Article, Illustration441 1986-08-28 3 ELAINE KOH - By ELAINE KOH FURNITURE manufacturers look set to reach the projected target of $200 million in exports this year which would be the best in five years with halfyear figures standing at $95.4 mfflinn This would make it the best441 words
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198 1986-08-28 3 SHING LOONG Finance, the wholly-owned subsidiary of Keppel Corporation, will cut its housing loan rates to 7.25-7.75 per cent with effect from Sept L The new rates are 7.25 per cent for loans of up to five years, 7J5 per cent for tenure of198 words
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367 1986-08-28 3 SINGAPORE Press Holdings (SPH) has recruited the puhlfcMag director of The Economist as chief executive ot its wholly-owned UK-based publishing house Marshall Cavendish Ltd. Mr Clive Greaves, 45, will end his 23 years at The Economist to head Marshall Cavendish, one of the largest publishers367 words
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Article565 1986-08-28 3 BOEY KIT YIN - MM 11 imiiiii Jw I 9 I wßr By BOEY KIT YIN STAMFORD PRESS Is a medi-um-sized local printing company which managed to turn losses into profits within less than a year. The steps it took under a new management to correct the loos situation can565 words
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110 1986-08-28 3 A JAPANESE team from 15 small- and medium-sized firms in manufacturing and engineering will visit Singapore today to study the business climate. The team, from Hamamatsu City, will meet local enterprises and the members of the Singapore Manufacturers' Association. Its aims are to explore110 words
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Article101 1986-08-28 3 (Chinese) *fi*J o *7 to s££ nmifztan "ftA" *##*>!mi*& asAiiir 1983*Will7*/L m^ i k£.ttm&zi±*> HH o *n*«k'h3gfcig#f*if*WHH fifc** $J«|i&*l*iß o il St«4IA«BW* o i>ĕi #j<smnm*n iftsry, HWitJW *fi*R|Q»iW o &Aft* Amu fammm&n xfntt±n«**e* o JE in *#&&!>] «fc#*ep«&r+#fß*m o mtim~9c± *****6* tilt o m«a f&ffl %«<£«*** KtHMXm?#I. =ff*7 40e fdiWMTB]101 words
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Article, Illustration538 1986-08-28 3 WHAT PRICE hair loss? Plenty, says British hair and scalp specialist Michael Bernstein. "People come and they say they'll pay anything when they're bald. At that stage, there's little I can do except recommend hair weaving," the trichologist said. Mr Bernstein said Asians538 words
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Page 2 Advertisements
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Advertisement372 1986-08-28 2 The new EX-800 and EX-1000. Sophistication within reach* if- i •J&-; n-:W EX-800. 80 characters per line. $1,290 High-speed bi-directional printing in text and graphic modes. 300CPS (draft elite), 250CPS (draft pica) Easy-to-reach, "Select Type" user-friendly control panel with soft-touch buttons and LED indicators for changing and combining modes. Built-in372 words
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Page 3 Advertisements
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Advertisement125 1986-08-28 3 'X go W. .V > > COMING HOME. Coming home means returning to a relaxed atmosphere. And being showered with the comforts you're accustomed to. It's enjoying TV or a video film while your suit is pressed and a missing button is sewn back on. It means appetising swiss-style veal125 words
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Advertisement204 1986-08-28 3 One more helping hand AUTOMATION CONSULTANCY SERVICES OPERATING LEASE FINANCIAL LEASE D SIFS SMALL INDUSTRIES FINANCE SCHEME SAL Leasing is dedicated to helping Singapore companies to be more competitive by upgrading their operations through automation and robotisation. Because of this commitment, SAL offers Automation Consultancy Services, Low-Cost Robotics and Automation204 words
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ASIA-PACIFIC
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452 1986-08-28 4 Reuter MANY OF THE 35 nations in Latin America, Africa and Asia classed as "emerging economies" face a difficult period till 1990, according to a major study of their economies. In spite of continued strong growth in most of the Pacific Basin, the oilReuter - 452 words
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Article, Illustration282 1986-08-28 4 AP THE JAPANESE government has decided on the framework of a three-trillion-yen package of pump-priming measures designed to combat a standstill in Japan's economy, according to a Japanese newspaper. The measures, to be submitted to the Diet (parliament) in October, include a substantialAP - 282 words
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154 1986-08-28 4 AP JAPAN'S direct corporate overseas Investment In fiscal 19« totalled US$l2.2 billion, up 20.3 per cent from a year before. A report released yesterday by the Ministry of International Trade and Industry said investment by electric, transportation and machinery-related companies rose during the period,AP - 154 words
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179 1986-08-28 4 UPI MOST PEOPLE in China want a guaranteed job, rather than the higher incomes and risks of unemployment resulting from Beijing's sweeping economic reforms, the People's Daily newspaper has reported. "The Idea of relying on the state, of obtaining everything from the stateUPI - 179 words
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Article104 1986-08-28 4 UPI NEW ZEALAND Prime Minister David Lange yesterday rejected a Russian proposal for Soviet warships to visit New Zealand ports. "The best cooperation we can have from the Soviet Union is to have their vessels as far away from New Zealand as ours are from Russia,"UPI - 104 words
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171 1986-08-28 4 FT FALLING PRICES have compelled Arab oil-producing countries to resort more frequently to countertrade, but have made oil countertrade deals more difficult to set up, according to a report by the Arab-British Chamber of Commerce in London. The usual system of conducting oilFT - 171 words
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332 1986-08-28 4 Bernama THE WORLD BANK wants the Philippine government to carry out a comprehensive overhaul of its industrial sector, describing it as the weakest among the major economic sectors. The Philippine financial newspaper Business Day, quoting bank documents, said that the contribution of theBernama - 332 words
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Article186 1986-08-28 4 AFP THE HAWKE GOVERNMENT has regained majority support from Australian electors following its tough budget this month, according to a public opinion poll published yesterday. But another poll taken just before the budget showed that the ruling Australian Labour Party would have lost a generalAFP - 186 words
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Page 4 Advertisements
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Advertisement131 1986-08-28 4 THE VIEW |N s P O K K The most breathtaking iews in Asia, From the West in Stamford, the tallest hotel in the world Plus the widest selection of restaurants anywhere in Singapore. Six >uperb tennis courts and tour air-conditioned s<jua>h court>. Iwo swimming pools, plus a comprehensive health131 words
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Advertisement214 1986-08-28 4 u J. t u Why we spent millions erf dollars devekpng something people throw away It's often the product! we use everyday for mundane thing* like throwing out garbage that take year* and million* of dollars to develop. Most people only think about garbage bag* whan they don't have one,214 words
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REST OF THE WORLD
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378 1986-08-28 5 AP THE US and Britain appear to be prime targets of attack by the non-aligned movement as it opened its triennial meeting on Tuesday. A draft declaration being debated by officials in closed sessions expresses "outrage" over the US$lOO million aid programme forAP - 378 words
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Article189 1986-08-28 5 NYT EVEN THE thought of the sound the spine-chilling screech of fingernails across a blackboard makes grown men shiver and wince. Like the startled jump caused by a loud noise or the mouth-watering reaction to the smell of food, the response appears to be shared by millionsNYT - 189 words
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283 1986-08-28 5 Reuter THE CALIFORNIAN Legislature has passed a Bill that would revise the state's so-called unitary tax law, a 50-year-old method of taxing multinational corporations that raised the ire of Britain, Japan and other US trading partners. The Bill was adopted by lopsided votes in bothReuter - 283 words
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139 1986-08-28 5 AP THE US, adding muscle to a recent warning to Libya's Colonel Moammar Gaddafi, has ordered the aircraft carrier ForresUU to patrol the Mediterranean north of Libya. Administration sources said on Tuesday the carrier would bypass a port call in Haifa, Irael,AP - 139 words
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255 1986-08-28 5 AP CAPITAL FLIGHT and the refusal of foreign banks to extend loans could harm South Africa's economy more than punitive trade sanctions, according to the head of the South African Reserve Bank. The bank's governor, Gerhard de Kock, said the abrupt withdrawal ofAP - 255 words
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275 1986-08-28 5 NYT THE AMERICAN Heart Association hat revised its healthy heart dietary guidelines, lowering Its recommendation (or total (at intake and giving specific recommendations (or salt and alcohol consumption (or the first time. The revised guidelines recommend that a person's total intake of (at beNYT - 275 words
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Article726 1986-08-28 5 ARRIVALS Operator S«mc* number Locol time From CPA MAS RBA OA S1A GIA SiA StA THAI MAS OA SIA CX710 MH603 BU21 GA960 SQI05 GA7206 SO 201 SQ191 TG403 MH682 GA940 SQ107 1015 1020 1030 1100 1105 1115 1145 1155 1155 1230 1235 1250 CGK KUL BWN726 words
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Page 5 Advertisements
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Advertisement231 1986-08-28 5 TRADE FINANCING mim m t HtSLC yrf Welcome to M Hexagon TRADE FINANCING import and Export procedures and documentation can be time-consuming, labour-intensive and heavy on paperwork. In short, they can cost money and eat into your earnings. Hexagon modernises trade finance by taking the time, trouble and paperwork out231 words
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BANKING AND FINANCE
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423 1986-08-28 6 Reuter SEVERAL US banks, including Citibank, the largest bank in the US, lowered their prime interest rates a half point to 7V4 per cent on Tuesday, a move that had been expected after the Federal Reserve recently cut the discount rate.Reuter - 423 words
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369 1986-08-28 6 Reuter THE BUNDESBANK is unlikely to lower the 3.5 per cent West German discount rate this week in spite of signs that Europeans are joining the US in pressing for the move as an economic boost, according to bank economists. TheReuter - 369 words
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157 1986-08-28 6 Reuter THE tax overhaul bill agreed to by US House and Senate conferees last week is favourable to futures trading on balance, according to US industry officials. The conferees accepted a House provision confirming that traders can deduct straddle losses sustainedReuter - 157 words
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150 1986-08-28 6 MBT THE FULL REPORT of the Investigations into the 24 deposittaking cooperatives (DTCs), which had their assets frozen, was submitted to the Malaysian government on Monday, Bank Negara governor Datuk Jaffar Hussein said. The report includes recommendations on how to revive theMBT - 150 words
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Article, Illustration1114 1986-08-28 6 SINGAPORE: The US dollar yesterday recovered slightly against most major currencies in thin late trading to close narrowly mixed compared with New York levels. It weakened initially on some selling and profit-taking after its rise in New York on Tuesday due to speculation that the West German central1,114 words
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Article414 1986-08-28 6 EURODOLLAR futures opened sharply higher yesterday and remained firm on rumours oi a concerted interest rate reduction by West Germany and Japan this weekend. After opening at the day's low of 94.19, the December contract traded up to the contract's high of 94.22. But afternoon news that the governor414 words
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Article190 1986-08-28 6 Inter bonk rates at 3pm y ester (icy: Md omm raoo portly choogi Local dollar* to om unrt of foroign cmrmmcy: US doSar Storing pound Auttrdkm do*ar NZ dolor Canodkm dolor 2.1590 3.1963 1.3126 1.0611 1.5462 2.1600 ***** 1.3154 1 0638 1.5500 2.8196 7 3469 ***** ***** *****190 words
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Article331 1986-08-28 6 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet afternoon trading. Period rates weakened between 1/8 and 1/4 point at the outset after higher US bond prices and speculation that the West German Bundesbank will cut interest rates at its policymaking meeting today. Thereafter rates331 words
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Article278 1986-08-28 6 HONGKONG: The metal closed lower yesterday on moderately active commission house selling based mainly on technical factors. The bullion price settled at U*****.30/80 an ounce against an initial U*****.40/90 and New York's close of U*****.70/USS3BOJO. Dealers said the metal was in a bearish technical position after failing to breach278 words
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Article113 1986-08-28 6 THE OVERNIGHT rate on the Singapore interbank money market closed at 3-1/2 per cent yesterday, down 1/8 point from the close on Tuesday. The one, two and three-month term rates fell by 1/16 point each. Discount Prices At yesterday's close Prices offered by discount houses on August 27113 words
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Page 6 Advertisements
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Advertisement137 1986-08-28 6 i ROOM RATES. FIVE STAR HOTEL FIVE STAR VALUE •No minimum stav requirements, no special prerequisites, no gimmicks. Offer valid till 31st December 1986. Stcy in the luxurious Century Park Sheraton Singapore and enjoy 5-star service in an atmosphere of auiet elegance. Ideally located atop exclusive Nassim Hill, just a137 words
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Advertisement43 1986-08-28 6 \\,i::?<■ MANAGERS, ACCOUNTANTS, BANKERS EXECUTIVES TAKE THIS OPPORTUNITY, JON THE LONDON IWS|ILB) 1 st YEAR COURSE IN 9 mths By qualified and experienced tutors Commencing 2nd Sept '86 Tues/Thurs 7.00-10.00pm Introductory session 30/8/86,2.30pm S PORE INST. OF COMMERCE #04-283 SELEGIE COMPLEX TEL: *****81/*****49/*****0143 words
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WORLD BACKGROUND
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Article, Illustration737 1986-08-28 7 AP MEXICO, battered by soaring inflation and plunging oil prices, has fallen Into an economic dump that hnilw people and economists say is worse than the severe financial troubles of 1982. "There's a lot more uncertainty," said Jonathan Heath, a senior economist forAP - 737 words
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Article, Illustration723 1986-08-28 7 UPI A YEAR after seizing power in a military coup, Nigerian President Ibrahim Babangida still faces an uphill struggle in solving the complex problems of Africa's richest, biggest and most populous black state. But he is getting kudos from some unexpected quarters, even thoughUPI - 723 words
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Page 7 Advertisements
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Advertisement192 1986-08-28 7 Gone today. 4 Let's assume, for a moment, that you have an American Express®Card. If that Card is lost, stolen or vanishes in a puff of green smoke, we'll get you another one within twenty-four hours (or the next business day) at any of our 1,400 Travel Service Offices* around192 words
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Page 7 Miscellaneous
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Miscellaneous48 1986-08-28 7 Doonesbury THfS !S ROLAND HEPLSY. TOW THE OA sTßfepa/rimo wmwt SUNSHINE- OFOVmOPetATIONS -i m AT ANDREWS AKFOKCSBASe, TOP VMmramnvesi&TON THetRMI&ONVDtRGCrVeHK NICARAGUA'S SAWMSIP6. m m 1 '4 null frTi f^l BY GARRY TRUDEAU n V'Hk 144 S3 f* m. m m SU > r << i '/in »2 E 31 <148 words
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FEATURES
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Article482 1986-08-28 8 THE GROUP of 77 is alive and kicking and is here to stay, declared its chairman during the session of the group's meeting in Cairo last weekend. Ignac Golab's remark followed the adoption by the group of the Cairo Declaration reaffirming "the political commitment of all developing482 words
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Article, Illustration857 1986-08-28 8 LOH HUI YIN - Asean Economic Ministers begin 18th official meeting Asean must redouble its efforts to achieve more economic and social progress for its people, especially now that member countries are facing a recession, reports LOH HUI YIN who is covering the three-day economic ministers meeting which starts857 words
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430 1986-08-28 8 Chia Shd Tech - Letter to Hie Editor Chia Shd Tech Dear Br, I refer to your editorial "The tell-tale figures", BT 21/8. Yes, Mr Foo Kok Swee of ECICS, Mr Lee Khoon Choy, our ambassador to Japan, and BT are all correct in pointing out, once430 words
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Page 8 Advertisements
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Advertisement168 1986-08-28 8 M anogers ust anage BT shows you how every Monday. »PAN PACIFIC KUALA LUMPUR Celebrate the difference with our Ritzy Package PAN PACIFIC KUALA LUMPUR Adjacent to the Putra World Trade Centre, Kuala Lumpur. P.O. Box *****, ***** Kuala Lumpur. Tel. (03)293-5555, 293-6555. Telex: MA ***** PPHTKL. Catch our snazzy168 words
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Page 8 Miscellaneous
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Miscellaneous689 1986-08-28 8 Rristcw: fcaitfcl)icfca£ rnORNiNG, mR.BRiSTOU). ♦V»4 «s «♦!«s v Ulu( 5M 7 Friend joMes FwueD TO "MSN UP VoK vooeK this k 4 rro*2MlNG,m<?. seojßiiy oupnrd miisfD T 1 BoCftOUJ "Mg. dogs HI 5K tM C S 4> mmm®) CRYPTIC PUZZLE ACROSS 1 Best suit (6) 7 Does it kid the689 words
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SPORTS
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Article, Illustration1148 1986-08-28 9 BRIAN MILLER - BRIAN MILLER previews the Singapore Open Amateur Golf Championship BRIAN MILLER THE FAIRWAYS have been narrowed. The greens trimmed. The bunkers smoothened out. And the rough's made rougher. The only thing they haven't been able to control is the wind. In a nutshell,1,148 words
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228 1986-08-28 9 AP IVAN LENDL has refused to play on the Czechoslovak Davis Cup team that faces Sweden in October, non-playing captain Jan Kodes said in Prague on Tuesday. "I spoke with Lendl, asked him to join the team," Kodes said. "He repliedAP - 228 words
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Article119 1986-08-28 9 AP KAZUHIRO YAMAKURA drove in seven runs with three home runs and Suguru Egawa gave up only five hits, leading the Central League's front-running Yomiuri Giants to a 12-2 victory over the second-place Hiroshima Toyo Carp at Tokyo's Korakuen Stadium on Tuesday. The victory increased the Giants'AP - 119 words
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777 1986-08-28 9 UPI JOHN McENROE fulfilled his prophesy of doom in New York on Tuesday, leaving the US Open tennis championships with barely a whimper in a firstround loss to Paul Annacone. Annacone, a 23-year-old New Yorker who later apologised for beating a "great champion," blitzedUPI - 777 words
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Article489 1986-08-28 9 UPI 1 (Seeds in parentheses) First rtud Men: Robert Seguso, US, def Brad Pearce, US, 6-4, 6-3, 6-2; Barry Moir, South Africa, def Stefan Eriksson, Sweden, 6-3, 6-1, 6-2; Amos Mansdorf, Israel, def Toinas Smid, Czechoslovakia, 6-4, 7-6 (7-1), 6-3. Paul Annacone, US, def John McEnroeUPI - 489 words
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Page 9 Advertisements
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Advertisement79 1986-08-28 9 Choose from Kampachis exquisite kampac*" Jspsnesc Set Lunches Japanese Restaurant jfa lofty prices and unfamiliar assortment of \apanese cuisine are common deterrents to many a diner. A( the Kampacfii, we are glad to offer you 6 different sets of fapanese lunches. Priced at only $16+ per set, they are easy79 words
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Page 9 Miscellaneous
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Miscellaneous1460 1986-08-28 9 to m mm THURSDAY FEATURE BPECIAL -r- Doubletake 10.30pm, Channel 5 This two-part movie stars Richard Crenna and Beverly D'Angelo, based on William Bayer's novel, "Switch". Overworked police detective Frank Janek is called in to solve two seemingly unrelated murders, and finds not only his life endangered but that of1,460 words
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INTERNATIONAL STOCKS
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256 1986-08-28 10 NYT THE US Transportation Department rejected on Tuesday a propoecd merger of Texas Air Corp and Eastern Air Lines Inc, saying it would reduce competition on shuttle routes serving New York, Boston and Washington. Texas Air and Eastern responded quickly by expressing confidenceNYT - 256 words
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Article106 1986-08-28 10 Reuter BURROUGHS CORP is raising US$7OO million through a three-tranche offering of debt securities, according to lead manager Shearson Lehman Brothers Inc. Shearson headed a syndicate that won the issue at competitive bidding. A US$2OO million offertag of two-year extendible totes, with a final maturity ofReuter - 106 words
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Article51 1986-08-28 10 Reuter MAJOR INSTITUTIONAL shareholders in Guinness {■tend to approve proposed board changes at an extraordinary general meeting next month, says the Financial Times. Guinness has tried to quell a row over its future board structure with a board change following its successful takeover bid of Distillers ScotchReuter - 51 words
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317 1986-08-28 10 UPI THE NEW YORK stock market moved sharply higher in active trading on Tuesday, driven by investors' enthusiasm over bank prime rate cuts and by futuresrelated buy programmes. The Dow Jones Industrial Average Jumped 32.48 points to 1,904.25, the highest level since JulyUPI - 317 words
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Article143 1986-08-28 10 AUG 26 AMfci c$ 21* imp o« a A Inco kit Pro* pip* 43* 1** 39 nidi uncti Atcon Alum Aipomo SH Bonk Novo Scotia 42* 13 15* 1* K«t Addfcon Lobtow Co Mc BkxM SM III Bonk CM Monlrod 32* 26* M Conodo Bp Rtiouicii 39* 31 27*143 words
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Article233 1986-08-28 10 AUG 26 Ud Tongoot Tnat Bk 730 121 LTKh 1 Un Stool 52 MWHIAU Wooftru 1250 25 A Afeho Abercom Aod 1100 260 1300 unch nidi 10 MM An0o» HQS 6400 +200 Amaprop iVi^r *nr> Angrad ***** 500 C^GSntfh 1915 2725 •IS Buffo* 2275 ***** 1850 3800S 1020 3250233 words
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Article618 1986-08-28 10 AUG U US$ AJcart AMI Alcoa ABag M ABad Sag A -J jTOrVl AhOtotmn Am Brandt Inc Am Can Co Am Cyananad Am Bk Pot Am r iprs— Am Horn* Prod Am Motors Cp Amax he \rrt9f cxio Amoco Carp Amr Corp Amco he Asarco he AM RkhMd618 words
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Article833 1986-08-28 10 Amsterdam AUG a* Fh AflN 593 00 +12 AM— 101.80 +03 AMd 95.00 +2 Afcio 156 60 tlj Aframa 153.00 -0.1 AMEV 75*0 -0.5 Aim Bank 107.30 +0J An Stad ***** +2.4 laid 40 20 -0.8 Soman* ***** +1 Buatvman T« ittaroda... 221.00 +0.5 Orfva ***** in* Ekrat833 words
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Page 10 Advertisements
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Advertisement634 1986-08-28 10 5F Where is wiae, sitae aad eaiertaia i •j m I August 29 Hayden Ng of Flamingo Boutique 7.30 pm: Barbecue Buffet Dinner 9pm Fashion show by Carrie Models Price: 525.50 per person iplus srrvlrr rtiarge and mrrssi \tenue: Poolside (sth floor) Royal Holiday Inn Singapore Please call 737-7966 ext634 words
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ASIAN STOCKS
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Article312 1986-08-28 11 HONGKONG: Share prices closed firmer yesterday after the market reacted favourably to interim results announced by Hongkong Bank. The Hang Seng Index rose 15.99 to 1,932.99 while the Hong Kong Index was up ILI2 to 1,209.71. Turnover was HKJ317.19 million compared with $301.39 million on Monday. AUG TO HK$312 words
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Article225 1986-08-28 11 AUG 27 Al Srart Mm Aim Camant NT 1.74 23.30 0.04 +0.3 +0 3 Kuochan Dow Loo Chang Yuan Cham Mut Lion Hwa Mui 22.00 .29.90 .11.06 .31.50 +0.4 1.4 +0.5 0.3 Chang Nwo Bark 38.80 23 20 2270 10.00 21.90 21.80 Not liwottmont 345.20 -1.2 China Loong Chn225 words
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Article297 1986-08-28 11 AUG 27 Apnomoto -10 -15 4 Mtsub Elac 514 •6 1790 Mrfsub Estata Mitsub Haavy Mitsubahi 2270 638 1290 -40 -18 70 S10 Mitsui Co 800 10 Asohi Cham 860 20 Mitsui SheMdg AuN Gtou 1200 -60 1280 -30 Bonk Of Tokyo Bndgaitor* 895 666 -23 21 Mrtsumi 1240297 words
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Article63 1986-08-28 11 AUG 27 Pan* Morttaal Onarrtal B PM Ovanaat 0.013 unch 0.016 inch Acof* M*ing Anglo PM 0.0014 imh 0.26 4-001 Apax Mining B Plcoo B 10.25 0.25 Bogun Gold Bowc Pvtrotoum Banguat Con. 8 0.0016 unch 0.0085 unch 90 unch San Migual B Saofror* Sana Dortoy ***** unch 1363 words
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Article559 1986-08-28 11 SYDNEY: Australian sharemarkets closed firmer yesterday on ♦Mn turnover with the industrial sector's response to a steadier dollar offsetting weaker gold issues. At the close of trading, the All Ordinaries Index was 3.1 points firmer at 1182.4 and the All Industrials was 5.3 higher at 1878.3. The All Resources559 words
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Article99 1986-08-28 11 AUG 27 CM Sugar Was 1930 355 1572 \yn Kia Motor 1900 Koton M 2250 l _-t, Karoo Lang Tarm 1630 Tr Lucky Lid 1595 14 Midi •1 35 Doafcn bid Daewoo Corp Ow*d I >■■»> 1344 33 31 Dang Ah Phar MO -3 -Dcit« r 11VI -10 Dong99 words
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Article125 1986-08-28 11 Reuter BANGKOK: The Securities Exchange of Thailand Index yesterday dipped further by 0.12 to 147.20. Turnover totalled 360,663 shares value at 80.7 million baht. AUG TO Mh Siam Camanl 603 -6 SnmOkm MP Ao Kham Thai Am Ffcr. 151 c£T£L Ayudhya kwaaftnant 151 +2 502 2 Ayo-W 34 +025Reuter - 125 words
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Article50 1986-08-28 11 Reuter THE NEW ZEALAND Commerce Commission has given approval to a takeover of Crown Corp's Dalgety Crown by Fletcher Challenge's Wrightson NMA, which will create the largest rural servicing group in the country. Wrightson could acquire the rural business of Dalgety except those in tine north.— ReuterReuter - 50 words
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225 1986-08-28 11 Reuter THE Export-Import Bank of Japan is lending Nippon Telegraph A Telephone Corp a total of US$32O million in preferential loans to buy and impart US telecommunications equipment. NTT would buy US$24O million of digital switching equipment from Northern Telecom Inc and payReuter - 225 words
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Article143 1986-08-28 11 Reuter BP PETROLEUM Development Ltd has signed a contract under the terms of the second round of hkkting on offshore China exploration tracts in spite of disappointing results from first-round drilling. A BP spokesman in Beijing yesterday add it would discontinue drilling in the Yellow Sea,Reuter - 143 words
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118 1986-08-28 11 Reuter CHUANG's (Holdings) Ltd will merge with its 39.6 per cent held subsidiary, Chuang's Properties Ltd, in a bid to streamline the group's structure. The group told shareholders of both companies they would b$ asked to exchange their holdings for stakes in a planned newReuter - 118 words
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Page 11 Advertisements
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Advertisement507 1986-08-28 11 CT •3I I •J I 1 I %i)/> Wltere id wlae, tflas aai entertain Start ofA 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 with507 words
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Advertisement135 1986-08-28 11 Bh<wßw>dhw HOT DISCO COUNTRY SENTIMENTAL POP ROCK and you name it!! t f t N V Singapore's very own Slim Whitman with country favourites and oldies. Happy Hours: 5-7pm Buy one get one free (except premium brands) CAIRNHILL HOTEL 19 Caimhill Circle. S pore 0922. Tel: *****22 Eat all that135 words
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RAW MATERIALS
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Article225 1986-08-28 12 Reuter WHEAT FUTURES on the Chicago Board of Trade were mostly lower at the dose on Tuesday, ranging 3-1/2 US cents a bushel lower to one cent higher. Only July 1967 posted a gain. Wheat remained under priiirt from expectations that the Soviet Union will not buy US wheatReuter - 225 words
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Article224 1986-08-28 12 Reuter SOYBEAN FUTURES on the Chicago Board of Trade were slightly higher at the close on Tuesday, gaining 1/4 US cent to two cents a bushel. Strength In Gulf basis levels and talk that an early frost is possible supported prices, while the outlook for a bumper crop, particularlyReuter - 224 words
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Article65 1986-08-28 12 Bangkok (USVtOTM, FOB) Broken Rice A-l Super A-l Special 135 132 White Rice C-l Special C-l 3rd unq unq 100% 1st closs 100% 2nd class 230 Loonzain Rice 100% 3rd class 225 100% 1st grade 100% 2nd grade 225 5% 215 100% 3rd grade unq 10% 210 15% 20565 words
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Article298 1986-08-28 12 SINGAPORE The market closed firmer yesterday with September One RSS buyers quoted at 177.25 cents per kilo, up 0.75 cents from Tuesday, dealers said. The morning market gained 0.25 cent on some short-covering of nearby positions in quiet trading, they added. Prices held steady at lunch time levels in298 words
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Article138 1986-08-28 12 Chinooo Produce Exchange ScHirs noon dosifM pricos on Aug 27 (S$/100 kg). Coconut oil Bufc FOB 43.00 CHd drum FOB 56.00 New drum FOB 60.00 Copro Mixed Goose) 21 buyers Popper Muntok White FOB NLW 1297.50 Sarawak White FOB foq NLW 1282.50 Sarawak special block FOB NLW 887.50138 words
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Article193 1986-08-28 12 MALAYSIAN crude palm oil prices yesterday closed higher on covering activity in line with rise in palm oil futures, as sentiment was aided by firmer overnight Chicago soyoil futures. Some speculative buying ahead of India's weekly vegetable oils Import tender today also accounted for the rise. Aug/Sep deliveries193 words
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Article94 1986-08-28 12 Reuter THE PUCE «f tin ea the Mat Hi limfir Tin Market recovered (iir eeato yfitwiiy to dm at MH4.M per Idle ea renewed baying interest. Tuesday's tow level attneM drug bayiag at the start tort sellers were reserved. Hswever, lack ef sellers saw the pvtee rtoe gradaally.Reuter - 94 words
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Article287 1986-08-28 12 RAS prices m S coots/kg, FOS m b ales NOON CLOSE Int 1 RSS Prompt 176 50 177 50N 177.50 I78.50N Int 1 RSS Sop 86 I76S0 177 00 177.25 177 75 Int 1 RSS Oct 86 174.75 175.25 175.00 175.50 tnt 2 RSS OP 172.00 174.00N287 words
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Article92 1986-08-28 12 (cwrtt/kg. 1-ton f OCT 86 (curron t month) (forword month) NOON NOON RAS l«r*n Miivn u| l«ri SSR 20 157.50 159.50N 158.00 160 00N SSR 50 154.50 156 50N 155.00 157.00N MRELB r -u— U y >f| SMR C V 238 00 240.00N 238 00 240 00N92 words
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Article104 1986-08-28 12 OIL PRODUCTS CRUDE PRICES were marked lower after the release of higher-than-expected American Petroleum Institute stock figures. In the Far East, tappas was sold at US$l3.lO a barrel while Cinta talked close to U5511.25 a barrel. Petroleum products were quiet with gasoil and heavy fuel weaker on limited demand. Closing104 words
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Article393 1986-08-28 12 Reuter COFFEE Robust* futures on Tuesday ended below the morning's strong gains on profit-taking, but still ended up £50 to M 5 a tonne after very active trading. The London market was closed on Monday far the late summer holiday. Near November settled at against last Friday's closeReuter - 393 words
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Page 12 Advertisements
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Advertisement208 1986-08-28 12 Please send me a free copy of Views From the Top, worth $49.50. AND enter my 12-month subscription to Business Times at $209.25 for 310 issues, which is 10% OFF the normal price. Mr/Mrs/Ms: Address: Tel: Type of Business: Title: 1 enclose my cheque for $209.25, made payable to: "Singapore208 words
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Advertisement613 1986-08-28 12 NOTICES M m MATTER or nc COMPNCS ACT. CAP 115 the a*na of i OESKH PTE LIB (M VOLUNTARY UQtMMTOI) a 3 --m j i if At Ml Eitraordmary General Meetmc o< the Company (My convened and heM at 4 Watt en Terrace. Smppore 1128, on the ?Oth day of613 words
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Advertisement687 1986-08-28 12 COMPANIES ACT (chapter m) AND LBCS MO PANG SON HOLDING (PR) LB. (ißMrvmM fee Bepal At an Extraordinary OeneraJ Meeting of the Members of the abovenamed Company duly convened and held at 151 Chin Swee Road, #06-05 Manhattan House, Singapore 0316 on the 23rd of August 1666 the following Special687 words
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Advertisement497 1986-08-28 12 At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and heM at 151 Chin Bwee Road, #06-06 Manhattan House, Singapore 0816 on the Srd of August 19M the following Special Resolution was passed and duly confirmed, "Resolved that the Company be wound up voluntarily and497 words
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SHARE INFORMATION
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Article, Illustration4191 1986-08-28 13 SHARES in the property sector made some of the most Impressive gains on the Singapore stock market yesterday. Led by Slngland which sprinted 28 cents to $5.00, counters like Malayan Credit, Parkway Holdings, Town A City and City Dev also advanced more than 104,191 words
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Article231 1986-08-28 13 SINGAPORE Rises if— Imi 500 MM <y> M 422 Cktm M 314 Mm Mart 344 N Uanf Fta 272 Tr«»w7 190 M 50* 137 Jmrni OH 91 S tea 179 s r H 815 M ST 535 f M HMp 270 Sm Viwr 193 H L mm%231 words
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Article3851 1986-08-28 13 SECTION ONE C INDUSTRIAL l COMMERCIAL < Acmo (I 638 1.645) (8) 1.64 1 (14) 1.66(10) 1.67(17) 1.65(1) I 168 (7) 165 (5) I 63 (14) 1.64 Amol Steel 50« (1.078 1.065) (23) 0 99* (51) 1 00 (47) 1.01 I (78) 1.02 (1) 0.993,851 words
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COMPANY NEWS
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Article, Illustration488 1986-08-28 14 Reuter THE Manila stock market has defied political uncertainty and a hazy business outlook to remain dominated by bullish sentiment^ After six years of quiet trading and little movement, turnover has shot up and prices (or blue chip lanes have soared to record levels.Reuter - 488 words
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Article104 1986-08-28 14 HONGKONG All Industrials Hongkong Index Wednesooy 1209.71 Wednesday 1878.3 Tuesday 1873.0 Week ago 1872.2 Tuesday 1198.59 Week ogo 1213.22 NEW YORK Hong Song Indox Wednesday 1932.99 Dow Jones Tuesday 1904.25 Tuesday 1917.00 Monday 1871.77 WMk ogo 1941.28 Week ago 1862.91 TOKYO Standard Poors Nikkei Average Wednesday *****.27 Tuesday104 words
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Article226 1986-08-28 14 Monojtrj prioM MARA-Bunr liputra for Aug 28 8ingipor» UnM Trust FM B'putro Socond B'putro Third B*putro Fourth B'putro 4.46 4.51 4.33 4.38 3.31 3.36 The Commerce 0 87 0.92 3.72 3.77 The Savings Fund S'pore Prog Fund 0.79 0.85 0.36 0.40 FiNh B'putro Sixth rputTo 2.37 2.42 2.42226 words
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Article102 1986-08-28 14 KUALA LUMPUR Kepong Bhd has received approval from the Capital Issues Committee to issue 45.7 million shares of Mfl.oo each at MSLBO per share, to bumiputra investors and bumiputra employees of the group (44.2 million shares) and to non-bumi-putra employees of the group (L 5 million102 words
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398 1986-08-28 14 MBT LARUT TIN FIELDS is looking into the possibility of buying premises to house its retailing outlets because of low prices in the property market. Speaking to reporters after the company's Annual General Meeting on Monday, Larut's managing director Chew Sing Guan said rental wasMBT - 398 words
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Article167 1986-08-28 14 YEO map SENG has asked fexits shares to be suspended from today, pending its mid-year announcement. HAKIM AC INVESTMENTS says that Mr Wong Meng Meng has been appointed a director of Harimau and its subsidiaries, WQkie Securities Pte Ltd and Rimau Akar Pte Ltd, with effect from Aug167 words
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431 1986-08-28 14 BULLS made a strong comeback at the Kuala Lumpur stock market yesterday with share prices scoring hefty gains across the board in active trading. Stagapore stocks led the list of major gainers bat many Malaysian counters also put on impressive performances to dose substantially431 words
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Article2504 1986-08-28 14 MDUSTRMLS Acna *liiniiiiH (3028 3065) AW Ma (170S) AICMU2S) (13) 72 (8) 72* (11) 71W (1)73 AISB (648) (26) 58 (10) 59 (6) 60 (7) 61 (9) 62 (6) 63 (11) 64 API (735) (13) 73 (22) 74 (1) 74* (V) 76 (33) 75 ASM2,504 words
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561 1986-08-28 15 w mm™ By HOCK LOCK SIEW HAS TAT f-BB BANK started the ball rolling with its *43 million rights issue? This is the first real rights issue a Singapore company has dared to make since the downfall of Pan-Electric Industries wreaked havocBy HOCK LOCK SIEW - 561 words
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243 1986-08-28 15 GOVERNMENT shareholder Temasek Holdings (Pte) Ltd, in a surprise declaration to Intraco Ltd, has disclosed that it "will not divest" its strategic 26.7 per cent stake held in the trading conglomerate. This latest pronouncement flies in the face ct the muchavowed government privatisation policy243 words
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Article268 1986-08-28 15 RETAIL GROUP Isetan (Singapore), whose shares have been actively traded on the local stock market recently, has turned in improved results with better trading margins (or the first six months to end May. But Isetan must be expecting a sizeable loss in the second half268 words
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Article828 1986-08-28 15 Reuter LONDON share prices finned up at the opening yesterday in reaction to a number of positive influences, but chiefly to Wall Street's sharply higher close on Tuesday. At 11.00 am, the FTSE 100 Index was up 7.2 points at 1,623.4. On Tuesday, the FT 30 Index closedReuter - 828 words
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671 1986-08-28 15 RAMESH CHANDIRAMANI - By RAMESH CHANDIRAMANI FAST-MOVING United Industrial Corporation Ltd has cashed in some of its chips in Indonesia barely 10 months after the project began to yield a return. The company disclosed yesterday that it has an agreement to divest671 words
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154 1986-08-28 15 A HIGH COURT hearing on the rightful ownership of stock which stockbrotdng firm City Securities (Pte) had pledged to a number of as collateral was adjourned yesterday. Hie hearing, originally scheduled to start on Tuesday, only began yesterday. The delay may have154 words
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Article63 1986-08-28 15 BEDFORD Bfad is proposing a one-far-one rights issue at M5O cents each. With 49 million shares in issue, the group should raise about M 524.5 million. Approval of the authorities is being sought. The funds are needed to reduce its borrowings and to improve its financial63 words
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Article, Illustration301 1986-08-28 15 THE SAGA of troubled Sealion Hoteis Ltd has taken a new twist with a former finanrial controller of Sealion successfully suing for his back pay yesterday. Back in mid-May, Sealion Hotels sued three men for not fulfilling their contract to301 words
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Page 14 Advertisements
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Advertisement226 1986-08-28 14 YOU DON'T GET AH EAD Whether it's winning a contract or making a sale, you don't succeed in business if you come in second place. The same applies to the news and information you need timely, reliable news you can act on. That's why successful executives insist on having their226 words
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Page 15 Advertisements
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Advertisement147 1986-08-28 15 /^SALVIOLA" 2700 MP TWIN SCREW TUG Classification N.K. (NS'MNS*) Flog Singapore Port of Regrstry Singapore Yeor BuiH 1976 Where Butft Singapore Length O.A. 33 50m Length B P. 30.40 m Breadth Moulded B.oom Depth Moulded 3.50 m Draft 3.18 m Gross Tonnoge 239.19 tons Nett Tonnage 69.40 tons Fuel Capacity147 words
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Advertisement177 1986-08-28 15 NEW ISSUE This announcement appears as a matter of record only. 21st July, 1986 DAINIPPON PHARMACEUTICAL CO., LTD. U. 5.560,000,000 I¥* per cent. Guaranteed Notes 1991 with Warrants to subscribe for shares of common stock of Dainippon Pharmaceutical Co., Ltd. The Notes will be unconditionally and irrevocably guaranteed by The177 words
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Article, Illustration568 1986-08-28 16 JAIME LYE - By JAIME LYE ALTHOUGH Singapore Airlines (aces a $120 million bill (or each of its Boeing 747-400 long haul jumbo aircraft, the machines' new technology will taring substantial cost savings. SIA deputy chairman Lim Chin Beng said in London yesterday that the savings on568 words
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Article, Illustration507 1986-08-28 16 BRIAN GOMEZ - By BRIAN GOMEZ, Regional Correspondent PHILIPPINE PRESIDENT Corazon Aquino expressed confidence yesterday that her government will end the communist insurgency threat, even though some military leaders believe the New Peoples' Army can attain parity with the military in five years. And there507 words
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128 1986-08-28 16 PHILIPPINE President Corazon Aquino hinted on arriving home in Manila yesterday that she would be tougher against labour strikes after a visit to a Singapore factory and after talks with investors. Citing the rarity of strikes and attractions for foreign investment in Singapore, including 100128 words
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135 1986-08-28 16 Reuter PRIME MINISTER Prem Tinsulanonda said his government would implement major tax reforms aimed at promoting exports, boosting domestic productivity and increasing employment. Mr Prem, in his first policy address in Parliament since starting his third term this month, said revenueReuter - 135 words
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509 1986-08-28 16 GORY AQUINO set aside burdensome matters of state yesterday to provide an insight into how "prayer and people power" had propelled her into the highest office in the Philippines. "I have no prepared speech. I like to speak to you from the509 words
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408 1986-08-28 16 LOH HUI YIN - By LOH HUI YIN ASEAN economic ministers, meeting in Manila today, will explore ways of expanding economic cooperation among the six members. BT has learned that one of the proposals calls for preferential treatment to be given to investments made by Asean businessmen408 words
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341 1986-08-28 16 THERE WAS WATER, water everywhere, but not a drop would freeze at the site of the Holiday on Ice show in Clementi yesterday. The tropical rain got the better of the arctic environment which the organisers were busy creating, and today's charity premiere341 words
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143 1986-08-28 16 UPI MAJOR JAPANESE banks are resisting a debt rescheduling programme to Brazil, as Brazilian officials hinted yesterday that the South American nation might default on its debts. Brazil, hampered by the world's largest foreign debt, is trying to persuade its Japanese creditors toUPI - 143 words
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Article100 1986-08-28 16 Reuter COMEX gold futures yesterday edged higher on early scattered buying by dealer houses after posting losses in response to the slippage in overnight markets. Gold for delivery in December was ahead US$1.00 at US$386.60 an ounce, coming out of a low of US$382.50. Silver futuresReuter - 100 words
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Article64 1986-08-28 16 Reuter WALL STREET stocks built on the momentum of Tuesday's broad market rally to pull higher in early trading yesterday, with the blue chips moving into record territory. The Dow Jones Industrial Average rose five points to 1509.73, inching over the 1909.03 record close recorded on JulyReuter - 64 words
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LATE FILE
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Article38 1986-08-28 16 AFP CHANCES are good for a new summit far US President Ronald Reagan and Soviet chief Mikhail Gorbachev, Chancellor Helmut Kohl said yesterday after "very intensive" West German contacts with the superpowers. AFPAFP - 38 words
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44 1986-08-28 16 AFP THE US would "probably" sign the protocols to the South Pacific nuclear-free zone treaty by the end of the year, Senator Richard Lugar said in Wellington yesterday after a meeting with New Zealand Premier David Lange. AFPAFP - 44 words
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Article34 1986-08-28 16 AFP TALKS between Afghanistan and Pakistan could lead to a complete withdrawal of Soviet troops from the former country, Afghan Foreign Minister Shah Mohammad Dost said in Harare. AFPAFP - 34 words
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Article46 1986-08-28 16 Bernama FORMER Malaysian Overseas Investment Corporation managing director llohamwi Abdullah Ang Swee Keng was yesterday charged in the sessions court in IQang with criminal breach of trust involving MgaMOß.tt. Ang, who claimed trial, was allowed bail oC M 5600,000 in two sureties. BeraamaBernama - 46 words
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Article41 1986-08-28 16 Reuter FOURTEEN countries accounting for nearly a quarter of the world's agricultural eipotls formed a new economic «iMawr» in Cairns, Australia, yesterday to fight European and American trading polices which they say are crippling their economies. ReuterReuter - 41 words
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31 1986-08-28 16 AFP ISRAELI Premier Shimon Peres said hi Tel Aviv yesterday that "two to four" Black African states would soon renew diplomatic ties with Israel. AFPAFP - 31 words
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Page 16 Advertisements
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Advertisement121 1986-08-28 16 "Business or pleasure. There are better reasons to stay at The Regent in Kuala Lumpur or Bangkok." If In Kuala Lumpur or Bangkok, The Regent 7 is your hallmark of f excellence and warm personalized service. Standards for which you have always chosen The Regent. For business or pleasure, The121 words
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Page 16 Miscellaneous
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Miscellaneous19 1986-08-28 16 wmmrn m* <*&k m tr»MM J Hown of wwuhina Rainfall in milttnwtro* Rainfall llm n* Rainy iayt tlw month19 words
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SHIPPING TIMES
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193 1986-08-28 17 SOUTH KOREAN line Kukje Shipping, a tramp and liner operator in South-east Asia, is now on the verge of total collapse, with a mounting burden of heavy debts and deteriorating operations. A report in Sea trade Week said the line, which193 words
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Article97 1986-08-28 17 AMERICAN President Lines has significantly reduced transit times for its weekly containerised service from Thailand to the Far East and United States. The improved service has two vessels providing fixed day-of-the week sailings between Bangkok and Kaohsiung, departing Bangkok every Friday. Whereas APL previously served Bangkok97 words
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384 1986-08-28 17 JUNE LIM - By JUNE LIM LIKE THE mammoth units, small second-hand tankers are prized commodities keenly sought by both speculators and operators. In the words of a broker, small tankers "seem to be going like hot cakes". Generally speaking, tankers both clean and dirty, with384 words
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296 1986-08-28 17 Lloyd's List MARINE underwriters in London have given notice of their intention to reduce substantially the commission which brokers earn from placing excess of loss business. The move follows months of discussion between underwriters and brokers and is a refinement of an earlier announcement thatLloyd's List - 296 words
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150 1986-08-28 17 UPI A SINGAPORE freighter with a crew of 25 aboard sprang a leak and was seeking help in the ty-phoon-battered East China Sea off southern Japan, maritime officials in Japan reported. The Japanese Maritime Safety Agency said the ship, identified as NewUPI - 150 words
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PORTSIDES
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Article86 1986-08-28 17 Reuter IRAQ REPORTED its second attack on shipping in the Gulf within one day. A military spokesman said warplanes attacked a "large naval target," Baghdad's usual term for oil tankers or cargo ships, at 10:10 pm (1810 GMT) Tuesday. Iraq said another target was hit earlyReuter - 86 words
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Article85 1986-08-28 17 THE CEYLON Shipping Corporation has added Mangalore on the Indian west coast to the range of ports served by its Europe-South Asia container service. The port is being served on a relay basis from Colombo every 12-14 days by the 2,934 gross ton owned85 words
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Article1209 1986-08-28 18 CHARTERING gathered momentum very slowly on the London freight market on Tuesday after the Bank Holiday weekend but the firmer undertone held good on North Atlantic bulk carrier trades. Coal fixing was confined to the Mitsui-OSK payment of US$6.5O to the Polycrest for September shipment of a total1,209 words
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Article, Illustration1003 1986-08-28 18 Faced with threats by South Africa to •ever their lifeline, landlocked countries in southern Africa are looking for alternative gateways to ship their countries foreign trade. Though Tanzania has offered its port and rail facilities to the front-line states of ZambiaAP - 1,003 words
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Article700 1986-08-28 18 AB Shpg V 5 Accord Shpg VI 3 Afea Line VI 3 Altrans VI 3 Anro Service IV 2/3 ANL I 1/2 APC Line V 4 APL 2/3 ASCL i 1 Bolt-Canada Line VI 4/5 Bolt-Orient Line VI 4/5 Bonk Line V 5 BBS I 4/5 Ben700 words
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273 1986-08-28 18 AP THE NUMBER OF merchant ships lost in 1985 (ell to its lowest level in 20 years, but the Irani-an-Iraqi war took a heavy toll on international commercial shipping, according to Lloyd's Register of Shipping. Figures released byAP - 273 words
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240 1986-08-28 19 Reuter FRENCH TRADE unions are trying to overturn a government decision to set up a cheap-rate port of convenience in the Indian Ocean which they fear will lead to more job losses in an industry already hit by recession, a imWi official said. TheReuter - 240 words
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55 1986-08-28 19 KAWASAKI KISEN Kaisha will start fixed day sailings from Aug 31 for its service to the Philippines. The Japanese carrier will call direct at the key Philippine port of the Cebu, besides Manila. These changes are part of "K" Line's programme to improve55 words
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459 1986-08-28 19 Reuter TANKER FREIGHT rates are likely to be low in the last four months of this year and in the early months of 1987, ship broker John I Jacobs said. In its world tanker fleet review, Jacobs said this decline, possibly reaching lastReuter - 459 words
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Article124 1986-08-28 19 UPI AN OIL SPILL caused by the ginHng of a tanker carrying MUDOO carrels of bunker fuel 10 days ago has swept two coastal towns in Philippines, polluting beaches and destroying marine life, Coast Guard officials said. Officials said the 1.6 km stretch of shoreline inUPI - 124 words
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Article743 1986-08-28 19 AFP HIGH levels of inquiry, particularly for Panama» tonnage available in the Atlantic for time-charter employment, lifted shipowners' hopes of a sustained upturn in rates on the freight market over the past week. Such vessels (50,000-60,000-tonners, capable of navigating the Panama Canal) were said to be achieving upAFP - 743 words
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Article175 1986-08-28 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits porta/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 (%i Vang Atnring anro(Straits/ AUSTRALIAN Australian National T Jn» Australia/Straits Container Line175 words
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163 1986-08-28 19 THE OFFSHORE oil industry has most likely reached its bottom and drilling activity is likely to increase gradually in the coming months, according to Offshore Data Services. "A change in attitude among oil company management is beginning to surface they are becoming more optimistic163 words
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7817 1986-08-28 24 spasms 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 of7,817 words
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Article789 1986-08-28 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival date/time r Operator Gdns for LCL cargo FCL movement schedule Location E Order B Kemuning RR Rotno B Royo Uni Hondsome Rhine Moru Or Chief Harvester B Dahlia Gowa Prasetia Sind Mariner KV Ushakov Khd Soryan Atoert789 words
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Article1672 1986-08-28 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A-( A Top Enterprises ft# Ltd Some (S) AB Shipping Bousteod Shpg Agencies Afeo Lme A trie on Shpg Agencies (S) Ahrenkiel Lmer Km Shpg (S) Alfred C Toepfer Oceonus ShippmgAgencies (S) Muttiport Sdn Bhd1,672 words
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Article135 1986-08-28 26 ArM/Port Viscosity Density Water C8T at 50C G/ML at 15C Volume 0/0 Africa/Red M Jeddoh I55/188 0.945/0.982 0.1/3.0 Durban 129/180 0.978/0.990 0.0/0.2 Arabian Gulf Ros Tanura 155/155 0.950/0.950 0.2/0.2 Bahrain PlIfAM 177/177 0.973/0.973 0.0/0.1 CUlVflV Rotterdam 51/432 0.935/0.994 0.0/1.4 Hamburg 27/400 0.943/0.990 0.0/1.4 Le Havre 168/467135 words
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Article426 1986-08-28 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 28.8/0300 Builder 3 K23 Thong Soon alongside Koto Wongi K30 P1L alongside 28.8/0600 Kris Madura K24E SSPL alongside 28.8/1500 Sil'r Shinryu K34 Sunship alongside 28.8/0700 Cantuaria K10 Pat Elders 28.8/1400 29.8/1200 Inabukwa KI9 Pelni 28.8/1500 29.8/0600 Kota426 words
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Page 17 Advertisements
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Advertisement602 1986-08-28 17 Concise Comprehensive Contemporary E) FEDERAL PUBLICATIONS OOCL ORIENT OVHQEAS CotUaUm LINE STRAITS tUROPt EXPRESS SERVICE and Port carfo na I lanes (S port) FCL 28/8 1500 HRS La 27/8 2300 HRS OKXTAL PATMOT KPIK CGML T/S AT RAO VIA FttlM LMt CHTON m mc M SU SU SU SU 98602 words
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Advertisement78 1986-08-28 17 mips THE LANDLOCKED notions of southern Africo, worried by South Africon threats to cut off their lifeline to the seo, ore looking north to Tanzania as on outlet for their trode. Page II TANKER FREIGHT rotes ore likely to be low in the lost four months of this year and78 words
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Advertisement425 1986-08-28 17 TT MAERSK LINE Voy I S por# EXPORT TO USA. EUROPE. EAST. WEST AFRICA ASM •Support dm Tarn CT 1/11*0 MB as 31/1 23M MB •Seppwe Qaw| T«a CT 1/1 ISM MB CfS 31/1 23(0 MB PN'-.V .'.V,; C 'cr J MB CfS 21/***** MB 7/1 1/1 1/1 U/l 14/1425 words
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Page 18 Advertisements
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Advertisement310 1986-08-28 18 STRAITS FEEDER 7* YAMASHITA-SHINNIHON LINE Jj TRANS-PACIFIC SERVICES Pacific North Wml I Atlantic/Canada Faadac at Kao I Faadar at Naaoya lUALBI HZJrariPME?t»E£» anMEMEM girT"lßffil»t.«ijßiM I —I '1 1 I HI 11MI■ iii'vi'vn' .J". iv?Tr. MIDDLE EAST Full Container Service (A member of Oasis Consortium) IzTB TRANS SIBERIAN SERVICE Weekly Container310 words
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Advertisement378 1986-08-28 18 11 Supercarrier Service PANAMA US WC/EC/GULF E. CANADA C Bi>' LSI! iiLi_.Bc: 17/11 22/W 2* 1« M/U 2* IB 30 10 C/U 1/11 1/11 1/11 lt/ll 12/11 14/11 21/11 M/U 21/11 23/11 25/11 27/11 29/11 3/12 NISI ITP I»'J 1 MM l?m IfV 11/J 110-13/J 110/J 2t/i n-a/1 l/u U/10378 words
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Page 19 Advertisements
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Advertisement400 1986-08-28 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd o STRAITS SHAPING fiinq ■port to jabah. Snwfct Brunai Ports and Bangkok I JA.M' 0 varaaaa Containara Limitad fin [ii.a.TW 27 SP 94/9 W 11/1 12/9 a/9 21/J m/j m/j 94/ M 99/19 Cargo For ic/9 u/f nn nj% zn% tn%400 words
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Advertisement535 1986-08-28 19 NOTICE 10 FAR EASTERN FREIGHT CONFERENCE SABAN, BRUNEI ANN SARAWAK FREIGHT CONFERENCE FAR EAST/GNLF OF ADEN AHD RED SEA PORTS CONFEREI CURRENCY ADJUSTMENT FACTOR A review of currency values on 20th/21st/ 22nd August, 1986 inclusive has resulted in a radical upward adjustment of the Currency Adjustment Factor from Malaysia and535 words
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Page 20 Advertisements
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Advertisement413 1986-08-28 20 s Hapag-Lloyd TO CONTINENT/UK EXPORTS TO EUROPE MED S>n L urn it 11/11 17/11 6mm tto| Umi But** ft'mrp 13/1111/11- 19/11 14/1217/12- 29/12 FROM N. CONTINENT SUK IMPORTS irtot riMiUa uftMNSiM IK S>M MMMI Fratlvt Eiprro SU 9d SM Ujm Ma* Oufcili, M 29/9 29/9 Imm Eiprtu 1/9 3/9 «/9413 words
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Advertisement602 1986-08-28 20 FULLY CONT AINERIS ED SERVICE tTO FURORE VIA SUEZ ol lhe f Coinc l t KOKM MCUR WPTUE OtniM 3fl KOKM CtMNCf m 22/9 Tin 24/9 vn *>/» 29/9 30/4 1/10 4/10 7/10 6/10 7/10 S/10 11/10 14/10 13/10 14/10 15/10 11/10 21/10 FROM EUROPE VIA SUEZ Mrmhrr of the602 words
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Advertisement243 1986-08-28 20 KL Hai Sun Hup Co (Pte) I td TEL *****06 (20 Lines) TLX RS ***** RS ***** I \M I K\ \K I l\l k I I I). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS EH INTERMARITIME LTD KtaMi (S* Apat) M 221SM htato (S* Ufa*) M 070R0243 words
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Advertisement1039 1986-08-28 20 o EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) scr m at at Ml GOODS/TWI CRAM) 4/9 12/1 11/1 14/9 flO CUM) 11/9 15/9 19/9 11/9 no ma 19/9 a/9 23/9 2V9 no (MTm/na cumit 21/9 27/9 21/9 M/ 9 no GUEST 29/9 J/19 1/19 S/U no Gaum no GOME1,039 words
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Page 21 Advertisements
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Advertisement604 1986-08-28 21 r PACIFIC INTERNATIONAL LINES PIL_ Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE 8M XT NY SW SM Nd BM MM M W W i*/« wt 2ut •TCH TAICHUNG *MUR HKQ KAO *TCH KKC MM *MUR *HTC YOK K<M Ktt 1/t VI Alt 7/* 11/t604 words
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Advertisement673 1986-08-28 21 CONTMO soma TO UK/CONTVENT CQNTMO SEKVKE FROM UK/CONTBFNT M/l 11/1 VI VI Ma 11/9 15/1 21/1 a/i 21a Ma VM 1/11 ivu ivu 22/11 M/ll 9/11 11/H C/ll l/U XV a |K]JEBSEN LINE NEW ZEALAND klB I IK n] ELM tZB I I Hk| Lm ruhrNtf tact/Jm ftapn Tan Ml673 words
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Advertisement362 1986-08-28 21 IV DJASAGETRI A Joint Europe Service Of: F.T. %MUmkUJmrn t.i.i EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE I ffm IMm k'tm/rtma WMllimw BMW GMM VIMM Wl I J/II VM IV M rrm kmo waa 2-4/1 I 17/1* 21/11 S-7/1 I VU 7/11 AWM/tIMI VMt 2VM 21/11 E •rt iwS V362 words
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Advertisement354 1986-08-28 21 BOUSTEAD SHIPPING AGENCIES PAGAN V 1029 MEJtQI TIVH pa-an v/im KTOCYM I/21M V* BURMA FIVE STAR (Burmese National Una) Loadhf for Rangoan spare Plata*i Pmi I z z 11/12 Usk 2S/M Sap* BANK LINE FOtTNMM V 175 Spare 22/9 TOAAA MUGBO V2S Spare 24/11 (PRE part* r«T MOKSBY/IQETA/RfIMML/HMK/lJIE) (KL A|i354 words
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Page 22 Advertisements
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Advertisement1060 1986-08-28 22 K LINE KAWASAKI KISEN KAISHA, LTD: ECUADM/KMI/CMILE Fnan Nortova. vm nac rat vac kok gwtiqhlcmuo mbca duqu vkast* sjmtono mlpiubo •MM* TM VS. tlh| Hk| Bk| »h| US« 5 Oct 14 Ort IS Ort 11 Oct II Oct CARIBBF AH SEA m nas rat vok mm rumio *c*uco pt quetzaiacaji/tu1,060 words
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Advertisement593 1986-08-28 22 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containan ee*i PUmc IMr W S port MHb Frm Srf* Aho Accepts CHANDCAS V2l S«x 71 Sc«t 30 Sept 7« Sept AM/Bre AIABAR V 27 6 Sept MBHMS V3O 17 Sept 2 Oct 11 Oct 9 Oct Mtf/Bm STiamß V 7 21 Sept MMDAS593 words
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Advertisement615 1986-08-28 22 GOLDEN LINE mQ\ GUAM GUAM SWPMG (TIE) LID IlMtf* SkM« V msmm mm tu mum at in) STRAITS/PERSIAN GULF SERVICE: n*. eOUXM ifl Colwi*o/ll**l»/IW>»/B*«» ii 3 1l 2/9 5/» mi I If Tt* fmmt !f*i Kjnda SM* tmmm M 22/1 21/1 7/9 1/1 11/1 13/9 22/1 2J/1 2S/1 7/10 1/11615 words
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Advertisement398 1986-08-28 22 IN7RASEA (PTE) LTD. I 'O Anst n Ronrt »27 16 lnterr><iTion,i P Sin jap )re D 207 Te l 2246*>1i lOLnes <► BREAKBULK SERVICE TO EUROPE/UK PHILITRON SHIPPING AGENCIES PTE LTD TEL ?*****? (8 LINES) TELEX RS ***** PHIL I KExiv tain HKI ma-east ran FM-E«ST pan KD XA PORTS398 words
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Page 23 Advertisements
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Advertisement598 1986-08-28 23 S*re NEFTUME AGfNOES ffl LTD Ft 01/MBI IW/KA t- as nooß *****77 2mnj *****42 *****77 *****22 *****53 «MKT IKS 27M119 27WU6 NEPTUNE ORIENT LINES LTD •M ptoau cjl *****44 WFIM SON. BHD *****T/36M545/J6105U/*****26 KflK SON. BHD. *****71/*****34/*****35 NEFIME SON. BM) 615SM/*****5/6276M/*****1/*****2 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A imfflbw of th«598 words
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Advertisement442 1986-08-28 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON K«m| mt Inuk Han f ItfM/CtS Hi. I taua/tOCN Ni 7 Daian/M7N No 9 taoa/MT* Ni. Dmm/MM TJJL/M7 lb. I Data*/ Mill fiawral unti *t Mm Htn/n Somt i/t <•«*«) 7/9 17/9 29/9 29/9 4/11 11/11442 words
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Advertisement581 1986-08-28 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SWSOV BULDMG 55. Market Street Singapore 0104 Id; *****33 (15 Lines) Ti Cable Address SKSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG M/S SHAMKAT NAN SOON SON. BHD. IST AND 2ND FLOOR. NO 1. iALAN CEMPEMNG. PORT KLANG. MALAYSIA581 words
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Page 24 Advertisements
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Advertisement413 1986-08-28 24 REGIONAL CONTAINER LINES TO BANGKOK (4 SAILINGS A WEEK) VESSEL m Thu/Fri Sat/Sw 30-31/1 |Tw 31-31/1 3/9 Tta/Frf 4-5/9 Sat/SM 4-7/9 7-7/9 Q2N csni raai KBDDm BCE3E2EI IWFii U-12/9 h..1 lOLZJIL 3 f/i 1 PT'TCWIEMigMIEBtJMgEJUMI THAILAND m Vv m ma in™ m on n vT* m MALACCA STRAITS FEEDER SERVICE413 words
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Page 24 Miscellaneous
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Miscellaneous163 1986-08-28 24 Regional Weather o. 23k* m 11 <. %< i w a M OA y >> as <'a Y'H SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed m knots Wove height LEGEND R Thunderstorm C drection with speed m knots Shower Rom Wave height Cloudy163 words
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Page 25 Advertisements
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Advertisement76 1986-08-28 25 MBC AGENCCS K. limpw P. KEUMG POMNG P. GUMNG J. BMMRU LEQSMP SPORE *****M/*****56/*****M/*****93 *****11/4 TERMML *****81/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 22SS6S/*****5/*****5 *****22 FAR EAST/EUROPF CONTAINER SERVICE n urrmrrm II './.'.'•ItTTlFf OMMMME fn[3l[!MC3il!JZ-jai3ICI si# 7.ii |in la onn rT-T-amiTj —ME3CUIEE] ALSO *CCOm FOR: MTIOP. L. NMNC, UK. COPOMKEN, OSLO J -..yi, J76 words
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Advertisement181 1986-08-28 25 If v A E INTFPNATIONAL TRANSOCEAN (Ml SDN. BHD <00 Ppn.*nq TrN J v^r-( COLUMBUS LINE REEDEREI GMBH a SERVICE Of HAMBURG SUD fXPRfSS SEMI CONTAINER SERVICE TO I'll MORAYBANK VIN CLYDEBANK VIM m r> JLMtLLiMZL FORTHBANR VI7S E&7ILB Lm4r| tar Sata Antwerp Rattarda« IK (TAvy) m rn uw vn181 words
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Advertisement241 1986-08-28 25 MN CONTAINER LINE FCLACL TO; USA EAST/MST COASTS RE LA/SFO WW TOW TON I 21/9 2/11 5/10 2 SAILINGS WEEKLY BKK/HKG/TWN WEEKLY SAILING LCL/FCL TO: COLOMBO BOY DUBAI KUWAIT DAMMAN Boeings mac-NELS AGENCIES PTE. LTD. MAC-NELS (MALAYSIA) SDN BHD. MAC-NELS (PENANG) SDN BHD. S'POTK Tel: *****44 (20 Lines) PI. Kelang241 words
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Page 26 Advertisements
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Advertisement238 1986-08-28 26 K&S LINE JAPAN S T RAITS SERVICE SANKYO LINE (S) PTE. LTD 14} Otd Street at 10 04 I,H Hirfduif Spore 010b 1H P.m♦ Xfijnf 1 if j Pmj Sdn B(w1 trl 03 3b890.'4 S Pfnjnj Mjlj»stj Irjdf t ltd lel 04 61'893 P.!•« Gtidjnr Mtlivsijn Shaoomf Sremies Sdn Bhf!238 words
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Advertisement367 1986-08-28 26 v^l 1 J M r MitsciOS K Lines Ltd CONVENTIONAL/SEMI-CONTAINER ATLAS MARU 5 Sept Mombasa, Daressalam, Tanga. Beira. T amative MORNING GRACE 15 Sept Mombasa, Daressalam AFRICA MARU 26 Sept Port Louis. Reunion ANDES MARU 18 Sept Apapa. Port Harcourt, Warn EARNEST VENTURE 17 Sept P. Noire, Abidjan, Buchanan, Monrovia367 words
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