The Business Times, 3 September 1986

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 WEDNESDAY, SEPTEMBER 3, lttt 75 CENTS
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  • 271 1 AFP Bernama THE MALAYSIAN CHINESE ASSOCIATION yesterday appealed to Tan Koon Swan to reconsider his decision to quit the party presidency. MCA Deputy president Ling Uong Sik said that the party's 35-member central committee was unanimous in deciding to ask Tan to
    AFP; Bernama  -  271 words
  • 476 1  -  Stocks offloaded are those of UIC and possibly National Iron By HOMER CHEN TEMASEK HOLDINGS, the government investment company, has offloaded millions of shares in London over the past two days through two foreign stockbroking firms. Barings Securities placed 17.5 million shares in
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  • 418 1  -  By CHAN OI CHEE THREE LEADING Singapore institutions are supporting a $100 million venture capital fund to promote local entrepreneurship and provide investment opportunities in young hi-tech companies overseas, mainly in the United States. DBS Bank, the National Iron group and the Economic Development
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  • 104 1 Reuter A SHARP RISE in capital construction spending by Chinese companies above the levels set out in the state plan is one reason for a projected budget deficit in 1966, according to the official Outlook weekly magazine. The Economic Information newspaper had said that
    Reuter  -  104 words
  • Article, Illustration
    91 1 TURNOVER on the stock market readied one of the highest levels ever yesterday. Share prices closed mixed after renewed buying interest trimmed losses sustained in the morning. At 46.84 million shares worth $96.74 million, the volume was highpr than any single day in 1965 and 1986 and matched
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  • 135 1 AP ORDERS to American factories shot up 2J per cent in July, the biggest increase since late 1964. The big surge did not impress analysts, however, because most of it was in the volatile category of defence orders. The Commerce Department said yesterday that
    AP  -  135 words
  • 102 1 Reuter INDONESIA will make some components for USF-16 fighters as part of a US$337 million deal to purchase a dozen of the aircraft. Antara news agency yesterday quoted Research and Technology Minister Yusuf Habibie as having said that General Dynamics, maker of the F-16s, had
    Reuter  -  102 words
  • 304 1 A FIVE-FOLD INCREASE in the number of exhibitions, conferences, and seminars had been recorded over the past 10 years, said Singapore Tourist Promotion Board (STPB) director Joseph Chew yesterday. Mr Chew, speaking at the opening of Interconex '86, a trade show for exhibition organisers
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  • 615 1  -  By RAMESH CHANDIRAMANI IMPROVED RESULTS from its manufacturing, tractors and Hongkong operations were insufficient to cushion shortfalls in its other activities, Sime Darby Bhd announced yesterday. Unaudited results for the year ended June 30, 1986, showed group pre-tax profits sliding
    615 words
  • Page 1 Advertisements
    • 134 1 Cahners Exposition Group CB3I The Exhibition People Jakarta's plane miracle INDONESIA is now making its own airplanes, 10 years after the idea was mooted. This achievement puts the country in the same league as two other Third World powers Brazil and India and in a field dominated by Western countries.
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    • 256 1 mm SHAME INFORMATION MONEY ft EXCHANGES RAW MATERIALS OUR VIEW MEDIA WATCHERS say Singapore's public service advertising has lost some of its boldness in the execution of 'sensitive' issues. So it has. It would do well for creators of such advertising to remember that the considerable reach of the TV
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    • 112 1 Asian stocks, Pag* 15 IntJ slocks, Pago 14 Cantonese Dian xin with exotic Thai spices. Thai salad, steamed pork ribs, Thai stuffed chicken wings and many other specialities. If you enjoy Dian Xin, then you most certainly would be ecstatic over our Cantonese-Thai Dian Xin Specials. During the Mooncake Festival
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    • 20 1 Cahners Exposition Group The Exhibition People Shipping Tknm com— m a saparata taction today. Mak« sura you got your copy.
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  • HOME NEWS
    • 511 2  -  By MARTIN SOONG YOUNGER MANAGERS steeped in business school management techniques have a thing or two to learn from their fathers, according to Po Chung, the unassuming chairman of DHL International. Treating workers as fathers do their children helped the courier company do
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    • 204 2 TEN COMPANIES out of 29 have been selected by the Mass Rapid Transit Corporation to tender (or the supply of maintenance and materials management system (MMS) software. The MMS will be used to help the maintenance department of the operations division to
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    • 202 2 A SECOND Chatterbox coffeehouse will open on Friday but familiar favourites including the chicken rice sold at the first outlet in Orchard Road will not be available to all. The second Chatterbox in Mandarin Gardens will serve, exclusively, the 1,000-unit condominium off the East
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    • 243 2 THE GOVERNMENT wants the private sector to help Singapore develop as a centre for international commercial arbitration. This follows the Republic's signing of the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, otherwise known as the New York Convention.
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    • 60 2 THE NEW HIGH Commissioner for Canada, Mr Sean Brady, presented his credentials to President Wee Kim Wee at the Istana yesterday. Mr Brady, 42, holds a Bachelor of Arts honours degree and a Masters degree in Chinese Studies. Before coming to Singapore, he was with the Canadian
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    • 448 2  -  By JAIME LYE WHEN the Federal Hotel opens, it will be as a hotel. It is not to be turned into a hospital, nor is it to be sold and that's official. Rumours about the hotel's possible conversion or sale have prompted
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    • 261 2 JOHN SWAINE, OBE, QC, JP, has been appointed a non-ex-ecutive director of the Hongkong and Shanghai Banking Corporation. Mr Swaine is a practising Queen's Counsel. He has been a member of Legco since 1960 and holds a number of public appointments, including the chairmanship of the university
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    • 367 3 GROUP NUMBER ONE is a 20-strong delegation from Kagoshima, representing 15 small to medium-sized companies from Japan's southern-most prefecture. The mission, which arrived on Monday, comes close on the heels of another 21-member Japanese mission from Hamamatsu City. The Kagoshima mission will be meeting
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    • 227 3 GROUP NUMBER TWO is a three-man team of researchers from the Sanwar Research Institute Corporation which is looking into investment opportunities in the electronic appliance sector. The team has been commissioned by Japanese companies to make a study of the business climate in
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    • 143 3 AN INVESTMENT promotion mission from the Economic Development Board is to visit Sweden and Italy to provide potential investors there with details of opportunities in Singapore. The mission, lead by EDB chairman Philip Yeo, will coincide with First Deputy Prime Minister Goh Chok Tong's three-week
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    • 420 3  -  By LISA LEE PRIVATE construction contracts awarded rose sharply in July to $33 mink», more than double the $15 million awarded in June. The value of private contracts in July was also the highest to be awarded since March and compares with the preliminary
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    • 306 3 A LEADING trade unionist has asked whether productivity is sufficiently understood to be used as a realistic benchmark for determining wage increases. Mr Lim Boon Heng, assistant secretary-general of the National Trades Union Congress, said in measuring productivity, "qualitative judgement" was necessary, not
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    • 178 3 MICHAEL FAM, the chairman of the Mass Rapid Transit Corporation, has been conferred the Honorary Degree of Doctor of Laws by the National University of Singapore. He will be receiving his degree from President Wee Kim Wee, the university Chancellor, at the first of the
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    • 168 3 A RANDOM survey by the Singapore Broadcasting Corporation showed that 87 per cent of the people polled watched the National Day Parade on television, said Dr Yeo Ning Hong, the Minister for Communications and Information, yesterday. Speaking at the post National
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    • 129 3 THE LAW Society of Singapore has appointed Patrick Yap Peck Choon as the full-time co-ordinator of the Criminal Legal Aid Scheme (CLAS). Mr Yap will ensure the day-to-day running of CLAS and co-ordinate the implementation of its programme and objectives. He will also assign
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    • 85 3 THE 1966 SINGAPORE Facts and Pictures, an annual publication by the Ministry of Communications and Information, goes on sale this week. This new edition will be sold at $2.50 each. Ng Poey Siong, the editor of the 264-page book, said it will provide up-to-date
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    • 396 3 CHINA'S experience in fighting tuberculosis and other lung diseases may be heard for the first time in more than 30 years at a world conference to be held in Singapore in November. The 26th International Union Against Tuberculosis (lUAT) World Conference on
      396 words
  • Page 2 Advertisements
    • 241 2 wr t c .-sSH V s F Interstuhl. lb get the best for your back ■you need only $260 upfront. I*. aogo 3010 Every Interstuhl chair is ergonomically designed to give your back all the support it needs while you're hard at work. Each seat is amply padded like yours.
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    • 15 2 Prompt pick-up and delivery 24 hours a day Ok D\K Dbk <*10 co Co C/>
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  • Page 3 Advertisements
    • 67 3 p q An Image You Can Bank n /i New. prestigious building in the heart of the banking financial district Highly visible corner ground floor banking hall with vault High pedestrian traffic from 9 5 pm Elegant internal spiral staircase link to banking offices Approx. ***** sq ft Problem-free parking
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    • 333 3 Where to enjoy fine food, drink and entertainment inside the Financial District T.I I FRAGRANT HILL Singapore's finest Sichuan restaurant. Named and decorated for the beautiful, historical woods and gardens West of Beijing, where ancient emperors took their pleasure. Features 10 private dining rooms, each named after one of the
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  • ASIA-PACIFIC
    • 475 4 Agencies SAUDI ARABIA, Kuwait, the United Arab Emirates, Venezue- la and Ecuador have cut oil production to comply with Opec's drive to slash production and 1 boost prices. The weekly Middle East Eco- nnmir Survey (Mees) said on Monday that Saudi Arabia had readied
      Agencies  -  475 words
    • 189 4 AFP J THE JAPAN External Trade 4 Organisation (Jetro) has < launched a new project for the promotion of joint ventures be- 'tween the Association of -South-east Asian Nations (Asean) and Japan, Jetro has said. Jetro is making available 10 .million yen to each of
      AFP  -  189 words
    • 147 4 Reuter JAPAN will make a decision early next week on whether to take part in the US-proposed Star Wars defence research project, government officials have said. Government spokesman Masaharu Gotoda said that Cabinet ministers concerned had agreed to hold
      Reuter  -  147 words
    • 317 4 UPI PRESIDENTIAL elections would be held in Bangladesh on Oct 19, the elections commissioner said on Monday, while President Mohammad Ershad announced that he was Joining the ruling Jatiya Party. President Ershad, who on Sunday relinquished his position as army chief of staff, told a
      UPI  -  317 words
    • 455 4 NYT PHILIPPINE government officials reacted with puzzlement and irritation on Monday to what they said were unfair criticisms by the White House of Manila's approach to combating insurgency. The officials said they believed the criticism, by unnamed officials in Santa Barbara, California, was intended to
      NYT  -  455 words
    • 62 4 Reuter THERE 18 no bigger crowd-puller than a crowd. Or ao, Japanaaa ahop ownara think. Theae youtha milling outaide a newly-opened ice cream ahop in downtown Tokyo are doing iuat that milling around and getting paid for it. Going rate for atanding in
      Reuter  -  62 words
    • 236 4 UPI PAKISTANI opposition leader Benazir Bhutto has filed a petition to challenge her detention in a Jail for delinquent youth in Karachi, the provincial capital of Sind. Miss Bhutto was arrested in Karachi on Aug 14, the 40th anniversary of the creation of the republic, and formally
      UPI  -  236 words
    • 107 4 Reuter TAIWAN will soon lift import licence requirements for more than 3,000 foreign products to help reduce its mounting trade surplus, the Economic Ministry has said. A ministry official told reporters the products would include textiles, electric machinery, household appliances and pulp and paper.
      Reuter  -  107 words
    • 839 4 J Operator S SIA S UA L OA G SIA S SIA S SIA S RBA B MAS A SIA S KAL K ARRIVALS •roc* Locoi From wmb*r time Q117 0005 KUL IA805 0010 JFK/SFO/hKG iA7l 11 0415 HLP Q493 0500 JED Q41 0615 MAA Q691 0650
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  • Page 4 Advertisements
    • 214 4 The key to sound business decisions. SBCTetft Finlux 20" (9402) with Te»etext. $36 per month Instant information. The real benefit of Teletext is that it gives businessmen and investors alike instant information to help them make sound decisions in the office or in the comfort of their home. Obtain the
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    • 62 4 T I I The business person's choice, every I I II \I I If 1 Tuesday, Thursday. Saturday and I 1 I \l I f 1 II \l Sunday. Leaving Chongi Airport at I i «L- y v_>/-L 1 22:00 hours and ornving at Heathrow at 06:50 hours the following
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  • REST OF THE WORLD
    • 537 5 Reuter THE BRITISH government Is being accused of racialism and xenophobia by political opponents over a decision to impose visa controls on visitors from parts of West Africa and the Indian subcontinent. A Cabinet meeting chaired by Prime Minister Margaret Thatcher decided
      Reuter  -  537 words
    • 185 5 Reuter THE RULING Soviet Politburo has approved a new pay system that will increase industrial wages by an average 25 to 30 per cent and is firmly tied to workers' performances. The official Tass News Agency said on Monday, "The main aim
      Reuter  -  185 words
    • 457 5 UPI PRESIDENT Miguel de la Madrid has offered scant hope for immediate improvement in Mexico's economic crisis and lashed out at foreign and domestic critics in a speech boycotted by a key opposition group. "We are living in an era of challenges," said
      UPI  -  457 words
    • 188 5 Reuter THE Economist Intelligence Unit in London has downgraded its forecast for South Africa's economic growth rate to 3.3 per cent for 1986-90 from 4.2 per cent because the economy is starting to suffer from political uncertainty. "After a long period in which political uncertainties appeared to
      Reuter  -  188 words
    • 378 5 UPI THE US administration must examine major changes in family life and the work place before beginning any comprehensive welfare reform. Cardinal John O'Connor, the chairman of the US Catholic Conferences Committee on Social Development and World Peace, said yesterday: "Rapid
      UPI  -  378 words
    • 447 5 Reuter THE US ECONOMY improved considerably in August as the National Association of Purchasing Management's survey index rose to 52.6 per cent after falling to 46.7 per cent in July from 49.6 per cent in June, the association has said. The August reading was far
      Reuter  -  447 words
    • 123 5 UPI THE PROBLEM of Pentagon officials p*—'f through the "revolving door" from government they are being hired for "insider knowledge and for favours already rendered," a study says. The US General Accounting Office report showed that 21 per cent of former Pentagon workers now in the private
      UPI  -  123 words
  • Page 5 Advertisements
    • 64 5 TAN CHONG TOWER SERVICE APARTMENTS 15 QUEEN STREET 'An ideal location for your short stay in Singapore' Weekly basts Within CBO "telephone, TV, air-con, cooker, fridge, kiichenware. household linen and housekeeping available Telex, secretarial and laundry services available Covered car park 24-hour security Types available: Studio $350 Weekly J-bedroom 5420
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    • 408 5 Standard Chartered ft ■Sm% dBnH The way the money market is these days, mfcwith volatile exchange rates fluctuating wildly, there's a vital need for corporate treasurers and investors to hedge foreign exchange risk. For this reason, Standard Chartered has introduced FOREIGN EXCHANGE TRADED OPTIONS. Traded jßw .-i» i v v-a.
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  • Page 5 Miscellaneous
    • 56 5 Doonesbury THfffc THE POOP, THBIHIBPOOP. MDWJWm COMANDWm. urns/mns you whoosto J GET SERJOSO ABOUT KJCJQN' 1 /-^BOLSHOU7T/_ 1 M m 5W ri 71 H R 3 BY GARRY TRUDEAU EXPLODING EYEWEAR. JUSTt&NB TTTOUS. YOU REALLY ARB FROM THE CIA, Af&rrwu* S3 31 m m s? >fcT. ►1 g ss i
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  • BANKING AND FINANCE
    • 402 6  -  By AMY BALAN CLOSER cooperation between central bankers and securities regulators Is necessary if they are to be effective in dealing with the problems posed by the tremendous growth in international securities trading. Financial deregulation, automation and advances in telecommunications have led to the
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    • 402 6 NYT MAJOR US companies are lining up to tap the emerging market overseas for short-term loans. At a time when business borrowing in the US has remained «higgtah despite the decline in interest rates, some 240 American corporation now have more than
      NYT  -  402 words
    • 1043 6 SINGAPORE: THE US dollar yesterday closed higher against most major currencies due to speculative buying, dealers said. They said trading was quiet in the morning in the absence of fresh factors following the closure of the US markets on Monday for Labour Day holiday, but moderate activity was
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    • 340 6 HONGKONG: GOLD yesterday closed firmer in active two-way trading, following platinum's rise to a six-year high in London on Monday, dealers said. The bullion price settled at US$394/395 an ounce against an initial 392/393 and London's final 391.25/75. The New York market was closed on Monday for the Labour
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    • Article, Illustration
      351 6 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels after a day of quiet trading, dealers odd. They «aid activity was slow as most operators were sidelined in the absence of fresh factors with the market awaiting yesterday's release of US July construction spending and factory orders
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    • 178 6 Interbank rotes at 3pm yesterday: cwiwiiu 22K55 Locol doitori to mm mm» of foroif OWfftCf'. US doAar 2.1475 2.1485 2.8196 •23.84 Storing pound Auotrafcan dolor 3.1987 ***** ***** 1.3062 ***** ***** -36.46 -61.98 NZ dolor ***** 1.0495 ***** -69.47 Canodton dolor 1.5477 1.5495 ***** -54 75 Local doMort
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    • 426 6 BA Futures DECEMBER BinMlar yesterday opened nnchanged from Monday's clone nt M.42 bat lower than London's level which snw n high of M.«. Simex opening saw s slight downward bins following the relenne of US Nntkmal Association of Purchnstng Management's survey which showed that US economy Improved considerably In
      BA Futures  -  426 words
    • 100 6 THE OVERNIGHT rate oo the Singapore interbank money market closed at 3-1/8 per cent yesterday, down 1-5/8 point (ram Monday's dose. The one, two sad threemonth term rates Ml 1/8 point across the hoard. rOTW of 7pm yostocdoy? Offer M Ourntfw 3 l/t 3 1-month 3 7/8 3V4
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  • Page 6 Advertisements
    • 323 6 INTERCONEX '86 is an exhibition and seminar programme specially organised to help you keep abreast of the latest developments and changing needs in the convention and exhibition industry. Whether you're a professional, an association executive, a supplier or just casually involved in the convention industry, you cannot afford to miss
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    • 49 6 OLYMPICS QUICK-HOP TO ATHENS am. A WISE CHOICE Twice a week, the fastest and only non-stop from Singapore to Athens. Enroute, relax in the sheer comfort and luxury of our Jumbo flight. For enquiries and reservations, call 225 8877. 4 ir >i r s The International Airtne of Greece
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  • TRAINIGN & DEVELOPMENT
    • 476 7  -  By ANNA TEO A NEW skills training course to start later this month at the Marketing Institute of Singapore (MIS) aims to bring the trainees from an "unconsciously incompetent" level to becoming "unconsciously competent". One starts out being "unconsciously incompetent" you
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    • 274 7 WITH THE EMPHASIS now on staff training, it is often hard for companies to decide on which programmes to buy that would be appropriate and cost-effective. The number of educational suppliers in the field compounds the manager's problem and he would be likely
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    • 323 7 Institute to offer part-time psychology course THE SINGAPORE Institute of Personnel Management is offering, for the first time, a part-time certificate course in applied psychology. The move has been prompted by members of the institute who felt that such courses were, until very recently, not available in Singapore. The National
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    • 389 7 Seminars and Courses 1 1 c E E Cahners Tel: *****13 Exposition Tlx: RS ***** Group Fax *****66 DURATION TITLE Sep 15-17 Soles Leadership by Objectives Port N Sep 15-19 Planning for Information Technology Sep 16 Briefing on Joint Ventures With Japanese Companies Sep 16-18 QC Circle Top
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  • RAW MATERIALS
    • 316 7 RAS prices m S cents/kg, FOB in t> ol*s NOON CLOSE kit 1 RSS Prompt 177.75 178.75N 178.50 179.SON Int 1 RSS Oct 86 176.50 177 00 177 50 178 00 Int 1 RSS Nov 86 176 25 176.75 177.00 177 50 mt 2 RSS OP 173.50
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    • 103 7 (centi/kg, 1-to« pallets) qq NOV 86 (current month) (forword month) NOON NOON RAS Beyers Buyers Sellers SSR 20 158.50 160 50N 159 00 161 OON SSR 50 155 50 157.50N 156 00 158 OON MRELB liyift Buyers Sellers SMR CV 239 50 241 50N 240 50 242
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    • 102 7 Reuter IN FAIRLY moderate trading, the Kub Lunpar tin price yesterday reMvered fur ceats fram iMt Friday to elm at MH4J3 per Ule. Brisk activity was seea Initially at last week's MfIS.H level, wklek attracted streag bids ef tSt toaaes. Bat idfcl lacreased thereafter as the price firmed
      Reuter  -  102 words
    • 65 7 Bangkok (USS/toMM. FOB) White Rice 100% 1st doss 265 100% 2nd class 230 100% 3rd doss 225 5% 215 10% 210 15% 205 20% 195 25% 185 35% 185 Broken Rice A-l Super 135 A-l Special 132 C-l Special unq C-l Od unq Loonzoin Rice 100% 1st grode 100%
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    • 199 7 Reuter SINGAPORE THE MARKET yesterday closed firmer with October One RSS buyers quoted at 177.50 cents per kilo, up 2.25 cents from Monday. On the TSR-20 market, prices rose gradually on short-covering and buying interest of nearby positions in moderate trading. MALAYSIA The market closed higher at 217.00 cents
      Reuter  -  199 words
    • 99 7 OIL PRODUCTS CRUDES were quiet with the American market closed on Monday due to Labour Day. Most Singapore spot products were marked up again. Japanese demand fa* naphtha firmed prices for the fifth consecutive day with trade noted above the quotes range. Closing prices for crude (fob origin) US$/barrel Change
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    • 225 7 MALAYSIAN crude palm oil prices yesterday closed lower on short selling in sympathy with weaker palm oil futures, after India last week rejected palm oil offers at its import tender for the third consecutive week, dealers said. Sentiment was also dampened by the closure of the Chicago soybean
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    • 892 7 Reuter COFFEE ROBUSTA COFFEE futures on Monday closed strongly at or near the day's highs, with gains from Friday's close of £120 to £50 a tonne. The active November closed at £2,380/2,384 a tonne after setting a 16-week high of £2,383. Trading was active throughout the day, especially
      Reuter  -  892 words
    • 314 7 AFP TEA PRODUCTION was lower in most of the world's major producing countries during the seven months from January to July 1986 compared with the same period last year, London tea brokers Wilson, Smithett and Company have revealed in their latest report. The
      AFP  -  314 words
    • 143 7 Chineee Produce Exchange S«>»n' moot ctosmo price» on Sept 2 (S$/100 i»I. Coconut oil Bull FOB 43.00 Otd drum FOB 56.00 Now drum FOB 60.00Copro Mixed (loose) 21 buyors Pepper Muntok White FOBNLW 1317 50 Sarawak White FOB foq NLW 1302.50 Sarawak special block FOB NLW 877 50
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  • FEATURES
    • 492 8 SUZUKEI KEISHI is a Japanese baseball star who has joined the ranks of celebrities lending their names to advertisements. But Keishi does not endorse a product. Instead, he hobbles unglamorously along a corridor in his commercial, one leg in a cast, foot in a wooden
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    • 2044 8  -  Indonesia's fledgling and controversial aircraft industry is an improbable phenomenon in a country that is considered one of the least industrialised nations in South-east Asia. But, under the charismatic guidance of Indonesia's high-technology guru, Dr BJ Habibie, the aircraft industry is slated to
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  • Page 8 Advertisements
    • 326 8 search for USIHBSMAN' f (Ht H'r p*r i V ur ft 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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  • Page 8 Miscellaneous
    • 702 8 woiwKWQiaa CRYPTIC PUZZLE ACROSS 1 Novel character who sleeps sourwfy (5) 6 Sit ood fish (5) 9 Difficult thing to weor on the building site? (4,3) 10 It's of financiol significance that fm m debt (5) 11 Something to keep you going (5) 12 A roto, possibly, of a Seat
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  • SIMEX
    • 1197 9  -  Today, the Nikkei Stock Average Futures contract begins trading on the Singapore International Monetary Exchange for the first time in the woild. In this supplement, BT takes a closer look at Simex, the Nikkei Stock Average and the use of stock index futures
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    • 649 10  -  A financial futures contract offers more opportunities to investors than a straight gamble on whether currency rates will move up or down. It can be used as a sophisticated method of protecting risks an investor may be exposed to in the cash market, whether
      649 words
    • 1007 10 THIS IS an example taken from Goldman Sachs using the Standard and Poors Index futures (SAPSOO) in the US. The basic principles will apply to hedges using the Nikkei Stock Index Futures. Assume a pension fund of $1 billion, 60 per
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    • 610 11 CONTRACT VALUE: The value of a Nikkei futures contract will be the index futures price times 500 yen. If, for example, the Nikkei Index is 18,000, reflecting the cash spot market, the three months futures price will be 18,000 plus the interest carrying charge,
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    • 215 11 Contract Value: Yen 500 times the value of the Nikkei Stock Average Futures price. Price QwtotiM: Contract quoted in terms of Nikkei Average Index. MnOi Traded: March, June, September, December. Clearing Hmm Ticker Symbol: NK. liiMimam Price Flactaation: 5.0 points (Yen 2,500). (Tick Size) Daily Price Limit: None.
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    • 1449 11  -  An in-depth look at the index and how it is calculated The Nikkei Stock Average has, until today, been an index for the cash market. However, last year, Nihon Keizai Shimbun agreed to the Average being used for futures transactions by the Chicago Mercantile Exchange. From
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  • Page 9 Advertisements
    • 269 9 SlMEXinlioducesanewtooi in risk management TRADING COMMENCES TODAY AT 12.45 PM Contract Contract Value Price Quotation Months Traded Clearing House Ticker Symbol Minimum Price Fluctuation (Tick Size) Daily Price Limit Nikkei Stock Average Index Futures.(Nikkei 225) 500 times the value of Nikkei Stock Index Futures price Quoted in terms of Nikkei
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  • Page 10 Advertisements
    • 390 10 BA FUTURES, INC. congratulates SIMEX on the occasion of the launching of its Nikkei Stock Average Futures Contract and its 2nd anniversary BA Futures, Incorporated A Bank America Company A member and clearing member of Chicago Board of Trade/Board of Trade Clearing Corporation/ International Monetary Market/Chicago Mercantile Exchange/ London International
      390 words
    • 50 10 ur > CUV rit ±=m L\V W^SHE, m*Vi a W55 Charles Fulton Futures Clearing (S) Ltd We congratulate SIMEX on the occasion of the launching of the Nikkei Stock Average Futures Contract and its 2nd anniversary. 50 Robinson road, #15-00 MNB Building, Singapore 0106. Tel: *****77 Telex: R*****9 Fax: *****86.
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  • Page 11 Advertisements
    • 44 11 We congratulate SIMEX on the occasion of the launching of the Nikkei Stock Average Futures Contract and its 2nd anniversary DAim SINGAPORE LIMITED DAIWA FUTURES PTE LTD 6 SHENTON WAY #39-01/02 DBS Building Singapore 0106 Te1:*****66 Telex: RS ***** RS ***** DAIWA Fax: *****97
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    • 47 11 lU We congratulate SIMEX on the occasion of the launching of the Nikkei Stock Average Futures Contract and its 2nd anniversary SINGAPORE NOMURA MERCHANT BANKING LIMITED NOMURA FUTURES (SINGAPORE) PTE LTD 6, Battery Road, #39-01/04 Standard Chartered Bank Building, Singapore 0104 Telephone: *****66 Telex: RS ***** a
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  • Page 12 Advertisements
    • 336 12 In the information business... For 135 years the news agency founded by Julius Reuter has been in the forefront of bringing the news to the general public and to the business community worldwide. Through revolutions and global wars as well A as in peacetime, ja through human upheaval or en-
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    • 178 12 The Nikko Merchant Bank (Singapore) Limited congratulates SIMEX on their launching of the Nikkei Stock Average Futures Contract and their 2nd Anniversary Put your investments in safe hands with Nikko securities we have more than 68 years of experience behind us. See us for the exceptional service in Japanese securities.
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  • SPORTS
    • 435 13 UPI FOUR "FOREIGN" DRIVERS will be struggling this weekend to gain an edge in the season Formula One standings at the Italian Grand Prix, but home favourite Ferrari won't be part of the fight. British Williams racer Nigel
      UPI  -  435 words
    • 278 13 UPI MOOKIE WILSON singled in Wally Backman from second base to ignite a three-run eighth inning on Monday, giving the New York Mets a 5-2 victory over the San Francisco Giants. Backman opened the eighth with a walk against Marie Davis, 4-5, and
      UPI  -  278 words
    • 231 13 UPI JOSE CRUZ homered and Denny Walling hit a two-run double to highlight a four-run sixth inning on Monday, sparking the Houston Astro 6 to a 6-4 victory over the Chicago Cubs. Danny Darwin, 1-1, pitched six innings for his first national league victory. Charlie
      UPI  -  231 words
    • 634 13 AP TOP SEEDS Ivan Lendl and Martina Navratilova posted straight-set victories on Monday to advance to the quarter-finals of the US Open tennis championships. Lendl, defending the title he won last year, moved into high gear in the second set as he eliminated 15th-seeded
      AP  -  634 words
    • 211 13 AFP BERNHARD LANGER's victory in the German Open on Sunday enabled him to close the gap on the leading duo in the world golf rankings. The 29-year-old West German is now 78 points adrift of leader Severiano Ballesteros, of Spain, and 56 behind second-placed Greg Norman,
      AFP  -  211 words
    • 221 13 AFP BRITISH OPEN champion Greg Norman will captain Australia when it defends the US million-dollar Dunhill Cup at St Andrews, Scotland, from Sep 25 to 28. Norman will again be joined by David Graham, one of his two team mates last year, but the third
      AFP  -  221 words
    • 377 13 US Open Witsken and Donnelly lead American invasion AP TODD WITSKEN and Gary Donnelly, two former collegiate players, are leading the latest American invasion at the US Open tennis championships. After the men's singles field was pared to 16 players, seven Americans remained, although the two biggest names John McEnroe
      AP  -  377 words
  • Page 13 Advertisements
    • 99 13 Keep a date with Sevvv Ballesteros the Sevvy Way BT is not all hard core business and financial news. We take "Time-Off and "Sports" rather seriously too. Our writers comb the sporting arena to furnish two lively pages with the latest sports, leisure and arts news for the well-informed professional.
      99 words
  • Page 13 Miscellaneous
    • 1191 13 to (md mm APPLAUSE Classical Tribute to Übarty Wsaksnd 9pm, Channel 12 Kirk Douglas (left) and Angela Lansbury are the hosts of this classical version of the uptempo Liberty Weekend celebrations, featuring the New York Philharmonic Orchestra, conducted by Zubin Mehta. Performing with the orchestra are tenor Placido Domingo, Mezzo-soprano
      1,191 words

  • INTERNATIONAL STOCKS
    • 406 14 Reuter DOME PETROLEUM LTD said it planned to meet its unsecured public debt holders in Europe in late September and early October. It said it would urge them to waive interest and principal payments to allow adequate time for the development, negotiation and
      Reuter  -  406 words
    • 367 14 CGE/ ALCATEL of France, the second largest telecommunications company in the world, is to build a Ass 3 million submarine optical fibre cable factory in Australia. The company is to establish a large manufacturing plant to produce the most technologically
      367 words
    • 248 14 Reuter VOLKSWAGEN AG shares and West German stocks in general are expected to gain from the terms of the 300-million mark nominal preference share issue by the carmaker, dealers and analysts have said. They said the relatively low issue price of 350 marks
      Reuter  -  248 words
    • 228 14 Reuter NATIONAL Westminster Bank PLC's investment banking unit, Natwest Investment Bank Ltd, said its County Securities Japan Ltd joint venture received four securities licences from the Japanese Finance Ministry. County Securities Japan plans to open a Tokyo office in the autumn through
      Reuter  -  228 words
    • 224 14 SIP 01 1md Tanooa* Trust Bk Un Stool 745 122 *5 5 2 5 MOUSTRIALS Wooftrvi 1350 A Aipho Abarcom Aoo 1000 265 1275 unch 5 25 -10 Ml Anglo* MNGS 6525 125 AJU?* 0^ 4000 Angvoai C G Smith 1935 2725 10 inch Butt* ***** ***** 325 45
      224 words
    • 836 14 Amsterdam SCT 01 Fh abn 583 00 -4 105 00 -1.2 Ahold 9520 -0.2 Akzo Afranta AM£V 158 30 +1.2 153 10 -0 2 75.30 -0.4 106.50 -0 1 Am Stod 127.20 -0.3 Barfed 3900 05 Boriurrn Buahrmon Tattaroda ***** unch ***** -I 698 00 -6 Eknw 225
      836 words
  • Page 14 Advertisements
    • 130 14 s8 <?=?! ■M N Wtere to wtae, dl<i« aai eatertala ir The Szechuan Ej with the Meisan Savour the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flavours. And discover of tnie enjoyment. HI MEISAN Ar the Me.un BBSTAUBAKT At tne Meisan. dhwkW. Sriw.l***™**. Mm Royal
      130 words
    • 158 14 BOULEVARD HOTEL Jt. W s V j?% Gourmet Dining Contemporary chic blends with casual comfort in this American-style Grill room. Whether you are looking for a hearty meal of succulent steak and crisp salad or for well-prepared fresh seafood, they are all here. And the dessert trolley is always tempting.
      158 words
    • 83 14 ALL YOU WANT X t <.«• A* $12 per person ijil nF* •ill H\ii Lunch: 12 it Plus Fashion Show by Top Modelling Agencies 181. Kitchener Road. Singapore 0820. Tel: *****22 Over 23 items, including soup of the day, beef, pork, chicken, mutton, seafood, c rf^y/ c desserts etc. 2.
      83 words
    • 114 14 From 16 August to 30! yourself on the very Des Matsuzaka Beef. Select from our list of Hquor available m full Dottles at very reasonable prices mber feast apanese beefOMMtt acmy Martin VSO* MartMVSOP Marten Coraon Mcu HcnrwtsvXO Lunch: 12 Noon-2.30 pm Dinner: 6.30 pm -10.30 pm FURAMA 10 Eu
      114 words
    • 109 14 )^\]/`-\:|'*~`~'._..&:"-^:>(/\| jj K£ng Cheng lAi Teodietf Seafood Restaurant Prepared by master chefs from Hong Kong, our set lunch and dinner menus offer extraordinary value. Lucky Menu $80++ for four persons. Good Luck Menu $168++ for eight persons. Happiness Menu $268++ for 10 persons. cr?own HOTEL kUrawcd by Pnncr Hotrit Japan
      109 words

  • ASIAN STOCKS
    • 344 15 HONGKONG: Share prices closed sharply higher yesterday on fairly active demand after the market's recent correction. The Hang Seng Index climbed 27.59 to 1,990.61 and the Hongkong Index was 18.35 higher at 1,212.31. Trading was fairly active with a turnover of HK5412.66 million against £438.25 million on Monday. Brokers
      344 words
    • 183 15 cr« 02 MT Kuochan Dov 2180 -01 Lm Chana Yuan i 7 4.007 QwmMui 30 70 -0.8 AISreT. hd* 174 +002 M.40 +0.15 2360 4.2 y 0 py, 32 50 +0.1 eggysrzg* r nJ r ,,m n 52 pJS -aa 1940 +02 22» 13.25 4 15 o2SST...::::::::::iiw 45 0
      183 words
    • 415 15 TOKYO: Prices closed lower across the board yesterday with previous sharp gainers related to domestic demand leading the slide as the market entered a mild adjustment phase after its steep advance last month. The market average lost 125.82 to finish a day of fairly active trading at 18,694.93 after
      415 words
    • 110 15 SIP 02 Kongwon tnd 1100 inch wm Kaa Motor 1928 418 Owl Sugar Doafcn kid 1940 540 inch 4 Katon M Korao Lang T«rm 2200 1500 -so -24 Do#woo Corp 1600 425 Lucky Ltd 1620 420 Otuwoo Heavy 1410 430 CVwKol Browory 1344 424 Dong Ah Phor 860 45
      110 words
    • 467 15 SYDNEY: Solid company results and the return of substantial institutional demand pushed share markets sharply higher yesterday. Most heavyweight issues closed at their day's highs in brisk trading. There was also persistent buying interest in selected banking awl gold shares. The All Ordinaries Index ended 11.4 higher at 1,211.4
      467 words
    • 161 15 Reuter BANGKOK: The Securities Exchange of Thailand Index yesterday improved 0.75 to 152.90. Turnover amounted to 1,252,395 shares valued at 175.9 million baht. Manila pricos wsra unavailable yesterday because typhoon Wayno caused widespread flooding. Routor sir 02 MM Siam C Stam C S«am C Lmh .•mard jtizont 633 inch
      Reuter  -  161 words
    • 63 15 Reuter McDonnell douglas Corp said It had received orders for two DC 10-30 aircraft from Thai Airways for delivery in December 1987. Company sources said the order was worth about US$l3O million. McDonnell said that it had received three further orders for DC-IDs and had
      Reuter  -  63 words
    • 61 15 Reuter CATHAY Pacific Airways Limited has converted into a firm order an option to buy a Boeing Co 747-200 cargo )et. Cathay said the plane, using Rolls Royce engines, is expected to cost US$lOO million. It is expected be delivered in October 1987. Cathay said it
      Reuter  -  61 words
    • 251 15 UPI TOSHIBA Corp la launching a venture to produce home-uae microwave ovena in France in partnership with Thomaon Grand Public, a top manufacturer of consumer products in the country. A new company, Cefemo (Compagnie Europeenne de Fabrication Denceintea Micro Ondea), will be eaUbliahed in
      UPI  -  251 words
    • 346 15 Reuter CRA LTD has written off AH83.4 million in currency exchange losses in the first half of 1986, turning a net profit of A9BOJB million for the period into a loss of $125 M million after extraordinary items. In the first half of
      Reuter  -  346 words
    • 327 15 NYT SOMETIME in 1993, if everything goes as planned, an airport will open in central Japan on a man-made island about to be built in Osaka Bay. The Kansai International Airport will have all the usual components runways, hangars and terminals along with a
      NYT  -  327 words
  • Page 15 Advertisements
    • 549 15 M i to wise, fllae aai esrtertala 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 and fruits and
      549 words
    • 107 15 ONLY $12.50 BUFFET-LUNCH COMBINING THE BEST OF EASTERN ft WESTERN DISHES Lunch Hours: 12 noon 3pm 10% service charge A 3% government tax not included 19, CalmMll Circle, Singapore 0922. Tel: *****22 Telex: RS ***** rL>. MP/ -f/v* Our Daily Specials! A sumptuous 3-course western or local menu different every
      107 words

  • SHARE INFORMATION
    • 4154 16 RENEWED buying Interest in the afternoon trimmed loaas incurred earlier, due to profit-taking, on the local stock market yesterday. The market closed mixed after a day of frenzied trading, with the volume at one of the highest levels ever. The BT Composite Index eased
      4,154 words
    • 227 16 SINGAPORE Rises H Lmm Cfrft 428 G ilZ 1730 M CaMai 390 4-0—1 irt M In wiw 690 iSrtr- 150 Sal ftmmtm 144 NHb Ife* 3W kM SO, 3£ lata 225 B 515 C«MM 480 207 CaU sJTlO, 386 Falls >32 20 16 16 4-15 14 14
      227 words
    • 3799 16 SECTION ONE 1 INDUSTRIAL COMMERCIAL Acmo (1556 1.585) (8) 1.58(2) 160(12)156(8)157(1) 1.52 C 27) 155 (3) 1.54 (8) 1.57 (2) I 56 (I) 1 55 (3) I 58 Alcorn (0.628 0.69* S) I Amol Stool 50« (1.295) (183) 1.27(171)1.28(37) 1.29(130) < 125 (128) 1.24 (138)
      3,799 words

  • COMPANY NEWS
    • 502 17  -  By AMY CHEOK THE DEPRESSED property and hotel Industry had squeezed the profit margins of two members of the Hong Leong group, City Developments Ltd and King's Hotel Ltd, in the first six months oi the year. While the board of City Dev,
      502 words
    • 166 17 UNITED MutrUI CtrptrtUm'i wholly-owned Hongkong subsidiary, UIC Group (UICG), sold 15,000 voting ordinary shares of HKJ100 each and 600 non-voting ordinary shares of HK$100 each representing 51 per cent of the capital of K A E company far a total consideration of HK$12.5 million (approximately SS3.45 million). This
      166 words
    • 474 17  -  By CHAN OI CHEE SINGAPORE-BASED financier Tan Sri Khoo Teck Puat and the Ko family are Joining hands with the travel authorities in a US$36O million hotel project which involves building a chain of economy hotels in China. The contract, which
      474 words
    • 2500 17 MDUSTRttLS Alean (766) (6) 73 (4) 75 (3) 74 (17)75(12)76 AISS (70S 745) (47) 72 (1) 70 (12) 71 (16) 72V* (8) 73 (11) 75 (60) 74 AM (83S) (20) 80 (10) 81 (31) 79 (6) 78 (10) 82 (6) 64 (22) 83 ASM (ISIS)
      2,500 words
    • 225 17 Monogors' pricas MARA-Bumiputra for S«p 3 First B'putro S*cond B'putro 4.82 4.87 4.45 4.S0 Singapore Unit Trust Th« Commarc* 0.90 0 97 Th* Saving* Fund 0.81 0.87 Third B'putro Fourth B'putro Fifth B'putro Sixth B putro 3.38 3.43 3 83 3 88 2.45 2.30 2.48 2.53 S'por* Prog
      225 words
    • 102 17 HONGKONG Hongkong Index Tuesday 1212.31 Monday 1193.96 WMkogo 1198.59 Hong Song Index Tuesday 1930.61 Monday 1903.02 Wnk ago 1917.00 All Industriols Tuesday 1940.0 Monday 1918.4 Week ago 1873.0 NEW YORK Dow Jones Monday Closed Friday 1898.34 Week ago 1871.77 TOKYO Nikkei Average Tuesday *****.93 Monday *****.75 WNk ago
      102 words
    • 798 17 LONDON shares opened mostly firmer in fairly quiet trading yesterday, with prices underpinned by optimism ahead of this month's TSB share flotation and persistent stock shortages. At 9.27 am, the FTSE 100 Index was up 4.5 points at 1,677.3. On Monday, the FT 30 Index rose 10.8 points
      798 words
    • LATEST RESULTS
      • 47 17 pre-tax profits for the six months to end-March amounted to MIB.II million (HiA million). The remits are satisfactory, the company says, in the light of market conditions. Figures for the year should be maintained at the previous year's level when they reached M 115.4 million.
        47 words
      • 58 17 interim profits to end-June fell to M97JO million (MfS.OO million) on turnover of M 985.4 million (M 183.0 million). Eaniingi amounted to 16.7 cent per dbare (16.6 cents). Hie group expects the profit level to be mstntstned for the second half of the year. The interim
        58 words
    • 410 17 THE KUALA LUMPUR stock market put on another strong performance yesterday, with share prices rising acroas the board. The trading pace was hectic as buyers came in right from the opening beU, chasing special situation Malaysian stocks and Singapore counters as well as blue chips
      410 words
  • Page 17 Advertisements
    • 478 17 NOTICES COUP ANDES ACT, CAT. UK (PRIVATE) LOOTED (la Vctaatary Liqittattaa) At an Extraordinary General Meeting of the members of LENO THONG ENTERPRISES (PRIVATE) LIMITED duly convened and held at 804, North Bridge Road, Singapore 0719 on the 29th August 1986, the following Special Resolutions were duly passed: 1) "That
      478 words
    • 114 17 Two Books for people who have a deep appreciation of the link between Business and Information FULL COLOUR GREAT VALUE FOR MONEY SINGAPORE PACTS AND PICTURES NB6 J V a If $2.50 $7.00 SUCCESSFUL businessmen know that detailed information on the population structure, the labour force, the trade environment, the
      114 words

  • 480 18  -  Kampuchea deserves support of Non-Aligned By BRIAN GOMEZ Regional Correspondent THE STANDING of the NonAligned Movement (NAM) sank to its "lowest point" when the organisation suspended Kampuchea, Foreign Affairs Minister S Dhana ha lan said yesterday. Speaking at the Bth Summit Conference of
    480 words
  • 413 18 Bernama Reuter INDIAN Prime Minister Rajiv Gandhi yesterday emphasised at the Nod-Aligned Movement summit in Harare, Zimbabwe, the urgent need to activate SouthSouth cooperation. Saying that there was a tremendous reservoir of talent among the more than two billion people in the Non-Aligned Movement, he asked
    Bernama; Reuter  -  413 words
  • 79 18 AFP PRESIDENT SUHARTO has set up a national commission to prepare copyright legislation for Indonesia. The commission will collect material and data needed in preparing legislation on intellectual property rights, Minister for National Development Planning JB Sumarlin said after a meeting with President Suharto on
    AFP  -  79 words
  • 66 18 AP THE AIR TRAFFIC controller guiding a Jetliner when it collided with a private plane in California on Sunday was apparently distracted by a third aircraft nearby, officials said. In addition, the pilot of the small plane in the crash suffered a heart attack moments before
    AP  -  66 words
  • 87 18 Reuter A CHINESE scientist is trying to breed large numbers of mosquitoes that find insects tastier than people. The New China News Agency said yesterday that La Baolin, a professor at an army medical college, was trying to breed large quantities
    Reuter  -  87 words
  • 281 18  -  By CHUANG PECK MING FIRST Deputy Prime Minister Goh Chok Tong was given a dose of British optimism on the future of Hongkong after 1997 when the subject was brought up yesterday morning in his hour-long meeting with Prime Minister Margaret Thatcher. Mr Goh, on
    281 words
  • 297 18 ASIAN countries should be on guard against the "rather seductive" way in which the Soviet Union was planning to increase its presence in the region, a British opposition leader told First Deputy Prime Minister Goh Chok Tong on Monday. Dr David Owen, the leader of the Social
    297 words
  • 122 18 Bernama THE FEDERATION of Malay Students of Peninsular Malaysia yesterday asked the Malaysian government to invoke the Sedition Act against those who discredited the country's New Economic Policy. Its president, Ramli Yusof, said that "mischievous elements" were trying to undermine the policy and their
    Bernama  -  122 words
  • 237 18 AFP HONGKONG'S ailing Tung shipping empire yesterday signed an agreement for a new equity injection of US$l2O million from businessman Henry Fok. The agreement, which would come into effect when the shipping group's financial restructuring plan was finalised, was signed by Mr C H
    AFP  -  237 words
  • 471 18  -  By LOH HUI YIN FIRST-CLASS hotels in the Philippines Hyatt, Hilton, Philippine Westin Plaza and Philippine Village are among the list of about 10 hotels which Singapore businessman and hoteliers would he invited to take up equity in. And to foster closer ties
    471 words
  • 114 18 SINGAPORE and Brunei are negotiating for a treaty on avoidance of double taxation There are indications that formal talks could alao start soon with Indonesia on a similar Singapore already haa tax treaties with the other three Aaean countries Malaysia; Thailand and the PhOippinea. Having
    114 words
  • 81 18 Reuter COMEX GOLD FUTURES gained more than US$7.OO yesterday morning, bolstered by continued strength in platinum. Gold for delivery in December rose US$7.3O at USHOO.OO an ounce but the upswing ran out of buyers under the Aug 11 high of US$Ol5O. Silver futures edged up in
    Reuter  -  81 words
  • 63 18 Reuter WALL STREET stocks moved higher in thin trading yesterday. Analysts noted that investors, cuuceiued about the lacklustre US economy and looking (or signs of an upturn, got a boost tram a survey that indicated the economy was iiiwuHiwiiifg The Dow Jones Industrial Average rose six points
    Reuter  -  63 words
  • LATE FILE
    • 66 18 AFP ARAB central bask governors opened a meeting in Abu Dhabi yesterday with a call Cor Arab fcoanmtr revival and Joint action sgsliisl protectionism by inaustruLiiseo luuiiu m. mmed Arab Emirates Minister of State tor Financial and Industrial Affairs Ahmed alTayer put the blame on
      AFP  -  66 words
    • 50 18 Reuter TALKS between Taiwan and the US on imports of US cigarettes, beer and wine have ended in Taipei with no final agreement Eight days ef negotiations failed to break a deadlock over the pricing and marketing of the frodnets and no further talcs are scheduled. Renter
      Reuter  -  50 words
    • 35 18 Bernama A TOTAL OF tJB workers were retrracora in miuijbi this year, moat of them in the manufacturing sector, according to Deputy Labour Minister Wan Abu Bakar Wan Mnhsmwi. Beraama
      Bernama  -  35 words
    • 46 18 Reuter JAPAN'S Finance Minister Khchi Mlyazawa is not considering an 18-month budget iwnWnm a supplementary budget now under study and the budget for ftocal 1987/88, starting April 1. He expressed surprise at reports that he was planning such a budget. Renter
      Reuter  -  46 words
    • 27 18 Reuter LEBANON'S Christian and agrsed on a general truce and the setting up ol a national charter at ending the 11-year-old civil war.
      Reuter  -  27 words
    • 50 18 Reuter SOUTH KOREA will make the simultaneous entry of both Koreas into the UN and m laJ V ~|L r, n tne recognition of docs countries by the big powers one of its top priorities, according to new Foreign Minister Choi Kwang-Soo. Renter
      Reuter  -  50 words
    • 51 18 Bernama THE MALAYSIAN government wQI study the possibility of making it compulsory for intending pilgrims to per* form the Haj only through the Pilgrims Management and Fund Board to avoid repeating incidents in which intending pilgrims who made arrangements through private companies have been stranded.
      Bernama  -  51 words
  • Page 18 Advertisements
    • 134 18 Keep yourself constantly informed of the latest developments in Japan's Steel industry by regulariy subscribing to bb JAPAN STEEL JOURNAL, the one and only English daily journal in Japan, supplies quick, accurate and authentic news on principal events in Japan's iron and steel industry. It also closely follows daily price
      134 words
    • 91 18 ORCHARDQHOTEL 442 Orchard Road Stepson 0923 T«l: 734 7766 AMPLE PARKING SPACE For all of you who yeam for a quiet little place where the food is unpretentious yet enjoyable where variety doesn't mean serving burgers t where the glitter is in the service and not on the ceiling where
      91 words
  • Page 18 Miscellaneous

  • SHIPPING TIMES
    • 303 19  -  By LINDA CHEE MARCO SHIPPING, which has registered seven vessels under the Singapore flag since March last year, will be flagging another gas carrier to the Republic this month. This is the 30,000 cubic metre Century, owned by Norwegian interests and
      303 words
    • 489 19 NYT A SOVIET passenger ship collided with a freighter in the Black Sea on Sunday night and sank, with an unspecified loss of life, the Soviet Union announced on Monday. The gravity of the accident was underscored by the fact that
      NYT  -  489 words
    • PORT SIDES
      • 69 19 Reuter A TAIWAN motor vessel has been found on the west coast of the Philippines after being abandoned by its crew, Lloyds Shipping Intelligence said. Lloyds said the owners of the vessel, the 3,379 gross ton Jiun Ting, had sent an SOS message warning passing vessels
        Reuter  -  69 words
      • 44 19 WILH WILHELMSEN will set up a forwarding department to offer all types of transport, warehousing and agency services. The Norwegian shipping group aims to have a major share in the Norwegian forwarding business, providing a comprehensive transport package to Norwegian industry.
        44 words
    • 1348 20 ACTIVITY on the London shipping freight market focused on the time-charter section on Monday. But the US Gulf-Japan grain voyage once again captured attention when a 50,000-52,000-ton Septem-ber-October opening was filled by MSK at the 50cents firmer level oI USUI (do). European Community Grain featured In a 16,000Um
      1,348 words
    • 649 20 NYT THE SOVIET UNION maintains one of the world's largest passenger ship fleets, with scores of liners in the international cruise trade and hundreds of domestic vessels plying rivers and coastal waters like the Black Sea where the Admiral Nakhimov sank. By
      NYT  -  649 words
    • 158 20 Reuter SHOWA LINE Ltd said it and its main banks, Including Fuji Bank Ltd, have basically agreed to defer principal payments (or part of its outstanding loans over one and a half years from Sept 1, in view of the current protracted shipping
      Reuter  -  158 words
    • 325 20 Reuter LLOYDS SHIPPING Intelligence service agents si Pus&n reported the barge Hyundai B No VKTt, 11,673 gross tons, broke its mooring ropes during Typhoon Vera and strode the Brazilian ore/oil vessel Mnrnu, 133,601 tons dwt, which was moored at the Hyundai Mipo dockyard berth. It
      Reuter  -  325 words
    • 904 20 AB Shpg V 5 Accord Shpg VI 3 J-. Afea Lin* VI 3 J-* Ahrenkiel Liner X 1 J-* AC Toepfer X 5 Anro Service IV 2/3 Arrow Lines X 4 Attos Lin* X 3 ANL I 1/2 J APC Lino V 4 APL 12/3 J ASCL
      904 words
    • 171 20 MARITECH Consulting and Research, the Joint venture association which combines the selected maritime interests and expertise of three of the UK's leading research organisations, reports the recent completion of a number of major projects. These include work (or Harwich Harbour Board, the Euroroute channel bridge/tunnel proposal, the
      171 words
    • 177 21 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia /Straits Container
      177 words
    • 165 21 THE THREAT of a mass exodus of shipping companies from the Rio de Janeiro register, Brazil's largest, has faded with a tax climbdown by the state government. In the face of widespread protests from shipowners, the Rio de Janeiro authorities have decided to
      165 words
    • 321 21  -  By KINGSLEY WOOD UNPACKING a less-than-con-tainerload box at a Sydney depot handling overseas cargo costs substantially more than shipping a container across the Tasman Sea. It can cost between Assoo and As6oo to unpack a container while charges on the transTasman and
      321 words
    • 105 21 FT WARTSILA, the Finnish metal and engineering group, has bought two robot manufacturing companies in a move to reduce reliance on its declining shipbuilding activities. The acquisitions, GCA industrial systems group of Minneapolis, the United States, and Rosenlew Automation of Finalnd, specialise in production automation,
      FT  -  105 words
    • 335 21 AP IRAN'S OIL exports have fallen by more than two-thirds to an average of 500,000 barrels a day because of Iraqi air strikes on vital oil installations, an authoritative oil publication reported on Monday. The weekly Middle East Economic survey, published in
      AP  -  335 words
    • 759 21 AFP CHARTERERS' hopes of improved earnings received a further boost during the past week on the freight market, where steadier rates were achieved in both single voyage and time-charter sectors. Conditions were nevertheless slow in the aftermath of the British public holiday on August 25 and ahead of
      AFP  -  759 words
    • 92 21 S Korean shipyards: may form,rai consortium FOUR LEADING South Korean shipbuilders, Hyundai, Daewoo, Samsung and KSEC, are to participate in export tendering on "a one project for one yard only' basis in further Joint efforts to avoid price cutting competition. According to Sea trade Week, they further agreed to form
      92 words
    • 6529 26 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.
      6,529 words
    • 723 27 AT CONVENTIONAL WHARVES Koto Berlion J8 alongside 03.9/1830 i Arrival Dapartura Turkmenistan Hock Ann J2 J9 alongside 039/0800 03 9/2300 059/2359 VIIMI Berth Megoh Seraya J1 039/0600 05.9/0600 KEPPEL WHARVES Auby K25W alongside Johneverett K21 alongside 03.9/1500 03.9/1500 Roda Perkosa Shongnlo Theodoritos J12 J3 J4 03.9/1330 03.9/0800
      723 words
  • Page 19 Advertisements
    • 562 19 Concise Comprehensive Contemporary MgOfMUMtr EH FEDERAL OOCL Qmtoitm In STPaiTS EUROPE F *PPFSS SERVICE JMHK SMPPIS MDKCS lb. 242*4/ OK) 200 CiaUiwiat *omt #12-04 SMtfcpu* Ti»ih 0200 M *****11 TELEX NO IS 2417) TEMMM./CES 3200 211 TO 220 BOOMNGS 3200 234 TO 235 T«U« M> mm* PENMK TU (***** TELEX
      562 words
    • 74 19 Soviet lin#r» ofltr low faros, Pag* II mm THE SOVIET UNION maintains one of the world's lorgest passenger ship fleets, with scores of liners in the international trode. Page II UNPACKING o less-thon-contoinerlood box at a Sydney depot hondling overseas corgo costs substantially more than shipping a container across the
      74 words
    • 174 19 ■vJ I t THE HEART OF THE MAERSK LINE SINGAPORE/ANTWERP SINGAPORE/ROTTERDAM SINGAPORE/BREMERHAVEN SINGAPORE/HAMBURG 17 DAYS 18 DAYS 19 DAYS 20 DAYS *Shpp*t Omm Taa cr- 1/1 1M» MB CTS- 1/1 M* MB IVI EZOE rTimmni *SHppn Otai taa CT- 1/1 1W MB CTS- 1/1 Ml MB MM 4/1 KM VI
      174 words

  • Page 20 Advertisements
    • 186 20 YAMASHITA-SHINNIHON LINE TRANS-PACIFIC SERVICES im/w ii"i m i.v rninTM rr i 'Jii FTWIV I i MLJtMi.W ■VI Wi'M iITTiM 171 'iial inn 1 Trim r nrrrnrr immr™ ides cms moHiiDmESDiH iiiirMi 1 IESMtiTHM M'Ji IK'MFHh/im IgvifTTßsy A JZZ MIDDLE EAST Full Container Service (A member of Oasis Consortium) U'kli. m
      186 words
    • 264 20 i 1 -:^v Supercarrier Service !7<S CONTAINER SERVICE *****11 MOOTS BARBER WILHELMSEN AGENCIES PTE. LTD. SMMTOK *****77 OUTWMD FIT ENQWB/KGS *****50 CUSTMO SKffCE *****20 Harrisons I CrosfwM (Malaysia) S4a BM, R Lampar *****55/*****70 PT DJAKARTA LLOYD JAKARTA *****6/*****4 P KELANG *****01 Pernas MtSC Shppa« Vencm Sdn BM Peaa* *****6/7 WULINE
      264 words

  • Page 21 Advertisements
    • 903 21 The Straits Steamship Group I ptutas ran STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunai Ports and Bangkok an or wmmm FRANKFVRT EVKSS CAMGRNMY Span PIN M/ 9 M/ 9 U/9 12/1 21/1 a/1 2M 21/9 M/M M/ 11 U/M 13/11 11/11 21/11 M/ll 21/11 M/U M/ll U/U 13/11 K/ll 21/11
      903 words
    • 606 21 Franco Belgian Services A ,r r« r.< h s»-r« t» ,r rn «n. STOK PJSUK U hmrto FUmm Ik* OWmm M KM h Nrl 1 S*t) 22 S*t 23 S* 24 S*l 27 S*t 2* Wpt 3* SB JUS I OTTO* II I fcpt) 2) fcpt M Ufi II Od
      606 words

  • Page 22 Advertisements
    • 374 22 Hapag-Lloyd TO EUROPE MED S>m I 11/10 I WMCHN 17/U i Hbw( Mmi 9h»« k'awp 13/11 K/U- 19/11 14/1217/12- 29/12 FPOM N. CONTINENT &JJK IMPORTS SUmmMot LAnn Sin IK S>m 9/9 19/9 13/9 15/9 21/9 23/9 21/9 31/9 C/ 10 t/ll 13/19 19/19 22/19 24/19 29/19 31/19 9/11 1/11 13/11
      374 words
    • 585 22 Si LINE nm* i WMjrm ULLY CONTAINERISED SERVICE TO FUROPE VIA SUEZ 1 Mfmh nl Cwo KOREAN lACEM 35* IfPTU* CUTSTAL XII KOKM CIMNCf 21* HONGKONG CONTMO 51W FROM EUROPE VIA SUfZ 1 Mfmbw ot ,h( ce c n4ofl jm Pl*| Sp»t (11/1) 9/9 (18/9) 16/9 (25/9) 23/9 2/10) 30/9
      585 words
    • 219 22 £BL Hai Sun Hup Co (Pte) ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** t l-ASI IK\ C \K I l\l R. I II) STRUTS/ JAPAN/ STRAITS SERVICE I SPECIALIST IN RO-RO HEAVY LIFTS vm INTERMARITIME LTD K. KnM (S* Aptf) T* *****0 Uarta (S* An*) Ut *****1
      219 words
    • 933 22 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) OR OB KTC 13/11 17/11 11/11 13/11 17/11 11/11 ii/ii 23/u a/i* 11/11 23/U 25/11 27/11 31/11 2/11 3/11 7/11 U/U 11/11 14/11 11/11 ML MS HI a/M 21/11 31/11 31/11 27/11 VU 1/11 27/11 VU VU VU M/U M/U 1/11 25/11
      933 words

  • Page 23 Advertisements
    • 909 23 stiirrinu innus. neant"su»y, jcyiciuuci »<w» PACIFIC INTERNATIONAL LINES VW\. PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL KOTA MNGA MAJAPAHfT QOWA SIN JKT MY SIN HKQ KAO *TCM KEE BUS 'MOM *MTC YOK KOB KEE In Pt 0/9 S/S 1M Wl 17/0 19/9
      909 words
    • 908 23 BEN LINE CONTAINERS EXPRESS CONTAINER SOtVICE TO UK/CONTWENT a/9 nn n/i 2/10 4/11 5/10 U/10 13/11 14/11 17/11 19/10 2s/II »/it 27/ M a/ii 3/11 VII 6/U 11/11 12/11 13/U i7/u u/u a/u a/u a/u a/u EXPRESS CONTAINER SERVICE FROM UK/CONTMNT Totao Eiprm CarSpaMy mm rnmiDMi mm ston pkiamg tok
      908 words
    • 348 23 DJASAGETRI A Joint Europe Service Of: r.T. (JAKARTA HOYS P.T. CESIIM SAMUDERA INOOKSIA P.T. TRIM EXPRESS SEMI CONTAINERSHIP SINGAPORE TO EUROPE I STOH BUAO HMD U MMTANC n-« 2-4/1 17/1* 29/11 AIMH/rOAM tmns 23/10 20/10 -ocum rtm WM STOH men ADAM/tHAH HW 7-0/0 4/11 7/10 11/10 ADMA/tIMM HTUK 11/12 14/12
      348 words
    • 341 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR MERGU V74N PA-AN V/100W HTOfcYWA V/2141V (Burmese National Line) Loading for Rangoon Spore PJtdMC Nrmc I 11/12 Sapt 11/12 S«pt 24/30 Stfrf V* BANK LINE NORTWOUM) TO UKC SPORE MORAYBANK VIN h ft CLYDEBANK VIW 2/10 TAMAITAJ SAMOA Vt 11/10 IVYBANK V.I7N 5/11 FORTWANK
      341 words

  • Page 24 Advertisements
    • 1095 24 N. GMHCT ¥5 0. OMENTM. FREEDOM ¥10 G. N. BRDGE V 2 0. PATRIOT ¥31 STORE Sap 14 Sep 20 Sap 27 Sap IB 3 Oct 9 Oct 16 Oct 22 Oct LINE USA CANADi. ATLAIffIC COAST (Round Tlf World Service) KAWASAKI KISEN KAISHA, LTD. cms lb Oct 21 Oct
      1,095 words
    • 704 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Feedn P Kcianc IVnul Spat MM Fraa Sy<* Aho A«W CHNOMS V ?110 Sept 78 Sept 7 Oct 5 Oct M*/(ns CALABAR V 77 6 Sept XAMMS V3O 1/Sept 7 Oct II Oct 1 Oct AM/Bra ISTiamil *7 21 S* MMOAS V 75
      704 words
    • 706 24 GOLDEN LINE GUAN GUAM SHPPMG (TIE) LID 21, Id* t»« S»»d murm mm m man <m üb) P WM|Pmim| STRAITS/PERSIAN GULF SERVICE: Gaum MUCH 7VH S«pt Ml.lKf.fl.VM '11 1". j S-1 li," CMCKK 21/1 22/1 NANZWNS K 1/M 2/11 •tui fmm *•>* Ommm M i/» 2/s in »/i it/s w%
      706 words
    • 426 24 INTRASEA (PTE) LTD 10 Anson Road »27 16 Intemat onai Plaza Singapore 0207 Tel *****1 1 (1 0 Ltnes) o BREAKBULK SERVICE TO EUROPE/UK Vwmt t. OLYMPIC DOTTY 88K921 5/» ROT/IM/W (mm HTIUU (fit) m 800 BWTMK 9*fK CO Ml I 224C511 71M711 *****1/2 l PHIL URDU SHIPPING AGENCIES PIE
      426 words

  • Page 25 Advertisements
    • 990 25 S pore NEPTUNE MENCKS PTE. LTD Ft EU/NBTIM/U Id m. A. Imd CfS 800RRBS 27R9977 *****53 *****42 *****77 *****22 *****53 OR OMECT LRK 27*11* *****1« NEPTUNE ORIENT LINES LTD Far award tre«M |kw cat 2717M4 Ml** POIME SON. BW. 3M*I7/JM»MV3M»SM/3M7«2» KXmp» lOIM SON. BW. *****71/2*2*134/242*235 ICPIM SON. M. *****8/*****5/*****0/*****1/6276(2 FAR
      990 words
    • 331 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON ynuk Nam E Ltta UK (IM) lb t Dmm/MCM Hi 7 Dmm/M7N Hi omm/M7N Hi. Dwa/MM TBNyMi (IM) Nt. I omm/M7N lb. 7 Dwa/MM S'pvt P* IK 5/1 7/» 11/9 11/1 2J/1 21/1 21/9 1/11 12,
      331 words
    • 722 25 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BULDMG 55. Market Street Singapore 0104 Tel: *****33 (15 Lines) Tenrinai Office: *****41/2 Cable Address SVfSOV SINGAPORE Telex Numbers RS ***** RS ***** RS 2510S P. KELANG M S SHARKAT WAN SOON SON. BHD. IST ANO 2ND FLOOR. NO 1. IALAN
      722 words
    • 2 25 Vfi;/.S7Jf/v I!\f
      2 words

  • Page 26 Advertisements
    • 443 26 REGIONAL CONTAINER LINES ::TO BANGKOK (4 SAILINGS A WEEK) IWM «-7/9 7-7/9 n II TWfri 11-12/9 UM r~m F~m n r~w m EEI |IT£—i.r*r.wiw T *i| gQZ3E223 BrglF*l?^lE3EMlff A.. w ITTITEII rTTTTMir iiti I—■1 r~Bl"*i r?>/,■ \rrmPTTl ■mEEtI SK^3I3EEI "'i im THAILAND I M \m ITTHBI mmm TTHi rrrwn MALACCA
      443 words
  • Page 26 Miscellaneous
    • 163 26 H v. fi rsm m Va X Y \y» r i m m V*. I'A ■FaS 5i C or Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: K Thunderstorm Temperature °C Weather Wind direction with speed in knots Rain
      163 words

  • Page 27 Advertisements
    • 174 27 SMGflraE -TQ *****11 (12 LIES) PORT KOJMG TEI *****07/1 ram m xmyimn CONTI F.E. LINE EUROPE F F LINER SERVICE LME SA. TO KST IMCM fflTO CM KOfft WEM CMANO SMPPMQ A 10 ANSON ROAD #27-15, HPMSEO PTE LTD NATIONAL PLAZA, 221MZ7 TELEX: MMttl, CALCUTTA SERVICE INDIAN FLAG Singapore Port
      174 words
    • 399 27 CORMORANT BULK CARRIERS > VANCOUVER B.C. CANADA ■BOW*/ USA MS CANADA WEST COAST COMDimiM. LOKMG fOi IK wnn. IM HMMCBCO 01 WW m«n Mi f* ma Pi IW® ?va;» 29-1/11 14/1# ono i ODOME ram nun wom kxmw nm comnniMN. soma l (MOMS FOi NHttS MUM HW SM UM MCTOKT
      399 words
    • 603 27 C l\l C LINES WEEKLY FCL LCL CONTAINER SERVICE a i BinMM 01 UOnlHOir rOn G« ln e'a l Agents CONTINENTAL FEEDERS PTE LTP Tel *****51 Term ral *****16 BENORIENT LINES LTD MtECT SERVICE TO MO FROM CHITTAGONG Singapore Penang ALFESAN V.4/86 In Port Gcncrd kftnti CONFER (SEA) SHIPPING PTE.
      603 words

  • Page 28 Advertisements
    • 457 28 FINE-LINER SMPPING PTE LTD TEL: *****52, *****62, *****62 TLX: R*****1 FLINER ACCEPTING FCL, LCL CONVENTIONAL MDDLE EAST SERVICE 9/9, 13/9, HJBAI, BAMAM, MUSCAT, DOHA, DAMMAM, 23/9, 27/9 KUWAIT ABU DHABI HONGKONG/CHMA SERVICE 10/9, 15/9, 23/9 IMGANG, BQJMG, TIAfUN, SICKOU. SHANGHAI, 30/9 GUANGZHOU, NHAMPOA 11/9, 16/9, 23/9 BANGKOK 2S/9 MADRAS AUSTRALIA
      457 words
    • 396 28 HEAP SENG TRADING SHIPPING PTE LTD •001 KACH ROAD #13-01 GOLDEN MLE TOWER SINGAPORE 0719 TEL NO. *****22 (3 LINES) TLX NO. RS ***** HEAPCO griTTTTTi'. '-anK' >o.u»,'. fi«3 HI ttl. a Mi JIA JL' T* tot fata* KBU.OTO UC AOBHB (M) 1* M-JH747/J WIN TNNUM JWIN BMCO CO lIP
      396 words
    • 555 28 C.Y. LINE (A Member Of The ACE Consortium) CHO VANG SHIPPING CO. LTD COKTUOBtD SOtVKt 10 ElKOft («M SUB) kokm mcur xm KTTUE anm *n mono aw can mo sm •Br 11/» w/» nn ■<hn MM Ftlm lfW| tai MM* nn nn nn vn nn nn nn nn i/w «/m
      555 words
    • 710 28 Everett Lines f COMPMM PERUANA K VOTKES (CJ>.».) "PERUVIAN STATE LIE" loa*a| to> CjUo Mat arm to and M ottw Ptrmw ports art* trMntopmnt <1 Kobe On CfV Thcoafk Ms ot ladmf to M itstiX-n MUCKWAETT MMOiorarn HIKKKTT g 13/14 tap V« Od f "EVERETT ORIENT LINE"B JAPAN/BAY OF BENGAL/JAPAN
      710 words
    • 173 28 ft. KSSL It* I IUJI IVU lIVII ::r z* euat comae i* m m cm n w EJOMII/! a/» l/M VM VM VM MBB 2 J/1 VM 12/ M M/M i?/» IV M Wi I Fa U Enpw art Mi 1l i ii Nrte. ICL/W. li 4IM MMa' >Q4l. GOLD
      173 words