The Business Times, 23 June 1987

Microfilm: NL15852
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, JUNE 23, 1987 75 CENTS
    12 words
  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    178 1 Exchange rates THE SINGAPORE DOLLAR closed softer against the US dollar yesterday at $2.1225/35 ($2.1170/80 last Friday). The local currency also finished weaker against the HK$, but stronger against the M$, yen, Swiss franc, DM and US$i 145.35/45 yen, 1.8325/35 DM, S$2.1225/35 £i US$1.6105/15 M$t S$ 84.12/19
    178 words
  • Article
    Shell lays groundwork for major upgrading project
    507 1  -  Catalytic cracker among options to sharpen its competitive edge By LOH HUI YIN IN ANTICIPATION of a more competitive environment, Shell has laid the groundwork for an option that would sharpen its edge if the situation warrants. That option is for a major
    507 words
  • Article, Illustration
    ST Index hits new peak while Tokyo stocks plunge
    397 1 BUYERS made their presence felt in the Singapore stock market yesterday, taking the Straits Times Industrial Index 6.82 points higher to a new record of 1,244.21. The more broadly-based Business Times Composite Index also closed higher at 1.118.56, up 7.49 points.
    397 words
  • Article
    Jakarta studies use of Soviet rockets
    61 1 INDONESIA said yesterday that it would hold talks in Moscow next month about the possibility of using Soviet rockets to launch future satellites. But Tourism, Post and Telecommunications Minister Achmad Tahir said in Jakarta after meeting President Suharto that Indonesia would probably use an
    61 words
  • Article
    Lock icon Indonesia to ease curbs on stock exchange
    251 1 AFP INDONESIA plans to aaaa restrictions on the moribund Jakarta Stock Exchange to let market forces play a greater role in determining share prices. A Finance Ministry spokesman yesterday quoted the Direc-tor-General for Domestic Monetary Affairs, Oskar Suryaatmadja, as having told Indonesian reporters
    AFP  -  251 words
  • Article
    Lock icon Ohbayashin buys FT offices in London
    554 1 Reuter OHBAYASHIN Corporation, a big Japanese development company, has bought the Financial Times offices in London's business district for £143 million, according to the newspaper's owners yesterday. The sale was agreed to by the owners, Pearson PLC, just weeks before the British government is
    Reuter  -  554 words
  • Article, Illustration
    Singapore in bid to stage world financial meeting
    518 1  -  By SOH TIANG KENG Financial Corr—pondant SINGAPORE is making a bid to •tag* the joint International Monetary Fund-World Bank meeting a star-studded gathering of finance ministers, central bank governors and chief executives of banks in 1991. Confirming this, a Ministry of Finance
    518 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      244 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM V ViV i wy Vi' A BT GUOE FDR THE BU9NESS TRAVELLER A CERTAIN HUNGER drives Hongkong's people. Not just the stomach rumbling set off by the aroma of goafs nipples and other culinary exotica, though Hongkong is well-known as a gourmand's heaven. Hongkong
      244 words
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      Page 1 Advertisements Column 2
      337 1 Whither the bond market? A NEW AND EXCITING chapter in the development of Singapore's capital market began last month with the launch of the restructured market for government bonds and bills. Now that the euphoria has dimmed, dealers suggest that the next push is for putting more depth and sophistication
      337 words
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      Page 1 Advertisements Column 3
      199 1 Full report, Pag* 13 Asian stocks, Pag* 11 HIGHTECH WITH HIGH TOUCH As the world grows more technical, so the work environment must become more humane, more pleasing to the senses. It's a question of balance. Vitra's answer is 'Hgura", a whoty new land of office chair, designed by Mono
      199 words
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      Page 1 Advertisements Column 4
      5 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC &[/-_'$.%]"[))~~<^_\/_;>[:_~@+{
      5 words
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  • HOME NEWS
    • Article
      Tipping the scales for high-tech
      479 2  -  Teraoka Seiko invests $1m in 'sandwich' moulding machine By MARTIN SOONG THE PLASTICS INDUSTRY In Singapore is being given a hand up the high-technology ladder by Teraoka Seiko, a leading Japanese maker of weighing scales. The Tokyo-based company, which set up its first offshore production
      479 words
    • Article
      Nixdorf opens $30m software centre
      504 2  -  By LEE HAN SHIH SINGAPORE consolidated ita foothold in the world computer market yeaterday with the launching of a $30 million software centre by German company Nixdorf. At a press conference held at the Hilton Hotel, Nixdorf aenior vice-president Heinz-Dieter Wendorff said the centre will
      504 words
    • Article
      Discussing Asean joint ventures
      295 2 THE ASEAN private sector is to discuss the possibility of more joint ventures at the coming biannual meeting of the AaeanChambers of Commerce and Industry (Asean-CCI) in Bangkok. The meeting, from June 30 to July 4, comes just ahead of the Aaean Economic Miniatera' meeting in
      295 words
    • Article
      Grannie grabs one for STPB
      221 2 GRANNIE decides st the last minute to break her long journey from the UK to Australia in Singapors, which would only coat her £10. so a television advertisement depicts. So while grannie has a whale of a time enjoying her Singapore Sling, riding a trishaw,
      221 words
    • Article, Illustration
      SPH gives public scholarships
      250 2 SINGAPORE Prees Holdings has joined in the fight for local talent in ita first public scholsrship swards to six students yesterday. The swards, comprising two oversees and four local university scholarships, were preeented to the students by Mr LK Pang, the group general manager, at the
      250 words
    • Article
      SIM going on-line next year
      140 2 THE SINGAPORE Institute of Management (SIM) is spending $750,000 to computerise its operations which, when completed by next July, will make it the first private training organisation to do so. Hewlett Packard won the contract to supply the institute with the HP 3000 series 52
      140 words
    • Article
      Giving voice to the ideals of Singapore
      252 2 A GO-STRONG CHOIR will maks the handing-over of Singapore's new national song a rousing affair today at the Mandarin Hotel. "We are Singapore" will be handed over to Mr Wong Kan Seng, Minister for Community Development and Second Ministor for Foreign Affairs, by
      252 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      266 2 Quick Turn Around Cycle it Carriage Industries (1986 (A member of thr Cycle 4 Camafr Gnjup) t) Pte Limited Mtrctd«-Bfni Service Centres: 188 Pan dan Loop, Singapore 0512. Tel: 777 8388* 20 Leng Kee Road, Singapore 0315. Tel: 473 3122. SALES: Alexandra Sales Centre, 239 Alexandra Road, Singapore 0315. Tel:
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  • ASIA – PACIFIC
    • Article
      Lock icon Japan told to comply fully with chip accord
      417 3 Reuter JAPAN must comply fully with the 1966 US-Japan agreement on computer microchip trade before Washington will lift remaining sanctions on selected Japanese exports, US Commerce Secretary Malcolm Baldrige said. In an interview with the daily newspaper Ssnkei Shimbun yesterday, Baldrige said
      Reuter  -  417 words
    • Article
      Lock icon Japanese wage rise lowest on record
      127 3 AFP THE AVERAGE RATE of wage rises in major Japanese companies this year is 3.56 par cant, according to the Japanese Labour Ministry yesterday. The rise, down 0.99 par cant from laat year, ia the loweat since the ministry began compiling atatiatica in 1956.
      AFP  -  127 words
    • Article
      Lock icon Private enterprise makes a comeback in Vietnam
      319 3 UPI HOANG VIET DUNG ia convinced the future of Vietnam ia crammed into a dark corner of hia apartment in a Hanoi public housing project. Two months ago. Dung and 11 colleaguee sold their furniture and motorbikes and raised the equivalent of US$lO,OOO
      UPI  -  319 words
    • Article
      Lock icon Malaysia to invite more foreign investors as state guests
      344 3 Bernama MORE MAJOR foreign inveetora will be invited to viait Malaysia to see for themaelvea the various facilitiea and busineaa opportunities in the country. This is to correct any wrong impreeaion they may have. Deputy Prime Miniater Qhafar Baba aaid. Foreign
      Bernama  -  344 words
    • Article, Illustration
      Lock icon Canberra urges US to fight protectionism
      526 3 Reuter AUSTRALIAN Foreign Minieter Bill Heyden yesterday ieeued an urgent plee to the US government to fight protectioniet moves in Congreee which he eaid could undermine Auetrelian security. Opening a day of talka with US Secretaries of State and Defence Qeorge Shultz and Caapar
      Reuter  -  526 words
    • Article
      Lock icon Opposition on defensive over tax policy
      227 3 Reuter AUSTRALIAN oppoeition leeder John Howard remained on the defeneive yesterday over e major error in the Liberal Party's tax-cut plans deepite indications of wavering electoral eupport for the ruling Labour Party aheed of next month'a elections Mr Howerd edmitted over the weekend thet
      Reuter  -  227 words
  • Page 3 Advertisements
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      87 3 Doonesbury THANK YOU VEM MUCH, HK. MAYOR! 60SH,TM J GLAD TO BE BACK IN YOUR. NEAT OTY! o'iOUKNOtU, A LOT OF PEOPLE HAVE BEEN URGING MB LATELY TO START TAKING POSTRONS, TO BECOME MY OWN MAN, AS TTMJBXS. BY GARRY TRUDEAU BUT AS U£ USED TO SAY IN EAST TEXAS,
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      487 4 When you're ready to sit down and start talking about a merger, an acquisition or a divestiture, you don't want to deal with someone with a great track record in trading cocoa futures. Nor do you want to deal with someone who doesn't understand your business. Whether you're selling your
      487 words
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  • REST OF THE WORLD
    • Article
      DAILY AIRCRAFT MOVEMENTS
      903 5 ARRIVALS Operator Sorvico Local From number timo SU SQ11 0045 LAX/NRT CM Q341 0155 TPf JAl JL617 0215 TYO FT FT75 0316 UH/ORD/ANC/ NRT/MNL/TPe CAL 0333 0405 TPf MAS MH681 0820 KUL SV SV398 0835 JED/RUH MAS MH811 0910 PB* MAS MH671 0920 KUL AC AC858 0925
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    • Article, Illustration
      Lock icon Canada plans major tax reform package
      468 5 FT THE CANADIAN government plans to cut personal and corporate income tax rates and to eliminate many concessions to special interest groups as part of sweeping proposals to reform the federal tax system. The long-awaited reform package, designed to shift a higher proportion of
      FT  -  468 words
    • Article
      Lock icon IMF to play a bigger role in global debt issues
      600 5 Reuter WHEN US Treasury Secretary James Baker unveiled his Latin American debt initiative some 20 months ago, the International Monetary Fund (IMF) seemed to be shunted to a less powerful role, economic analysts say. As envisioned by Mr Baker, the
      Reuter  -  600 words
    • Article
      Lock icon £500m bill likely as Britain's elite hits champagne circuit
      473 5 AFP BRITAIN'S Royals, aristocrats. business magnates and other "posh" people are entering their summer spending season. Consumption of champagne, grandstand seats, ladies' hats and other essentials is estimated by a London company to reach £500 million (US$BOO million) this year. Business
      AFP  -  473 words
    • Article
      Lock icon West German economy climbing out of sluggish spell
      295 5 Reuter WEST GERMANY'* normally buoyant economy hat begun to pick up again after a rare sluggish period at the start of the year. The Bundesbank, in a report published in Frankfurt yesterday, said a sharp drop in building activity, due to a
      Reuter  -  295 words
    • Article
      Lock icon Pace of corporate pull-out from South Africa quickens
      408 5 AFP THE WITHDRAWAL of multinational companies from South Africa gained new momentum last week, in spite of pleas by the American Chamber of Commerce (Amcham) there for US companies not to leave. The week saw the sale of Citicorp, the only US
      AFP  -  408 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      107 5 fI 1i \l J W Ifl 1a The business person's choice, every I 1 II 111 1 Tuesday, Thursday, Saturday and I 1 f| II Sunday. Leaving Changi Airport at _L W>/J_ 1 J_ 22:05 hours and arriving at Lester B. Pearson International Airport the folbwing day. Call your Travel
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      Page 5 Advertisements Column 2
      137 5 -»y Wherever your business may take you, or wherever you want it to go, Banque Indosuez can help. Our network covers 65 countries including all the world's major financial centres. We give you a window on the world of finance from right here in Singapore. For mm international banking at
      137 words
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  • COMMODITIES
    • Article
      Lock icon IEA foresees tighter oil markets in 1990s
      348 6 AP THE INTERNATIONAL Energy Agency (lEA) warned yesterday that world oil demand could exceed supply in the 1990s and urged its 21 member countries to resist protectionist pressures. In its latest annual report on the energy policies and programmes of lEA countries, the
      AP  -  348 words
    • Article
      Lock icon Investors cautious about NZ's offshore oil discovery
      424 6 Reuter DRILLING OFF New Zealand's Taranaki coast revealed a potentially significant oilfield, but local investor response has been cautious. "There is undoubtedly oil there. There is undoubtedly an oilfield. What we are addressing now is the question of commercial viability," said Dave Bennett,
      Reuter  -  424 words
    • Article
      Lock icon Australia to deregulate crude oil marketing
      160 6 Reuter THE AUSTRALIAN government will completely deregulate crude oil marketing from next Jan 1, Resources and Energy Minister Gareth Evans has said. From that date, refiners will no longer be obliged to absorb set quantities of Australian crude under the allocation system introduced in
      Reuter  -  160 words
    • Article
      Palm Oil
      264 6 Crude palm oil futuree closed marginally easier on a cautious note on the KLCE yesterday in line with overseas markets. Brokers were on the sidelines waiting for Pakistan's entry into the market for its weekly tender. Elsewhere, there was no other fresh development to boost the otherwise dull
      264 words
    • Article
      Precious Metals
      348 6 HONGKONG Gold cloeed lower yesterday on moderately active stop-loss selling by local and institutional traders after a sell-oft in silver by mainly Weat Aaian interests, dealers said. Bullion fell through the important chart point of US$445 and settled at U*****.10/60. This compared with an initial U*****.50/U*****.00 and Saturday's
      348 words
    • Article
      Oil and Products
      74 6 EAST ASIAN petroleum products were quiet and thinly traded. Naphtha was weaker with little buying-in-terest. Fuel oil remained firm. LSWR was dead. Crude (FOB origin) USS/barrel Oianga Dubai (Mr) 17.30 +0j02 WM T#«ot WTI (My) 20A7 +009 Products (FOB S'pore) USS/borr** Oww9« HlfOMW 21JOO vnd< Gotofl Low
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    • Article
      Produce Prices
      242 6 Chines* Produce Exchange StNtci' noon doibiQ p rfcot on Juno 22 (SI/100 kg) Coconut oil h* KM 914)0 OM drum FO® 101.00 N»w drum FOt 105.00 Copra MJx*d (toow) 53 toIon Pepper Myfufc WMN KM NLW 1157 J0 jO'Owai vraw FOt foq NLW 1142.50 JOfowai ipooai Mock KM
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    • Article
      KL Tin
      91 6 THE PRICE OF TM on the Kuala Lumpur tin market Ml 12 cents to M 516.50 per kilo yertsrdsy on persistent selling. Weekend accumulation of 223 tonnes pushed the price down from the opening. Buyers were motiiy e«Oviin#a wim o*ciy »onn®i inojcoiwo iniußiiy* Sterling's weakness against the linggtt
      91 words
    • Article
      Rubber
      108 6 SINGAPORE The market closed lower yesterday with July 1 RSS buyers quoted at 206.00 cents/kilo, down 1.50 cents from Friday. July and August TSR-20 both closed 1.50 cents lower at 175.00. MALAYSIA The market closed slightly easier in thin trading. July Int ones RSS buyer eased half a cent
      108 words
    • Article
      RAS and MRELB
      282 6 RAS prices m s cuMg, fc IB In bal* NOON CLOSE Bwyors Sellers 8uy*n So8or> Int 1 RSS Prompt 209.00 210.00N 208.00 209.00N Int 1 RSS My 87 207.00 208.00 206.00 207.00 Ir* 1 RSS Aug 205.75 206.25 204.00 204JO In 2 RSS Of 200.00 202.00N 198
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    • Article
      SSR and SMR
      85 6 leami/kg, 1 -♦on pnH«n) JULY 87 AUGUST 87 (currant month) (forwoi ■d month) RAS NOON NOON li^n Satan Satan sst 30 17V JO 181 JON 179 JO 181 JON SSt 50 178-50 179 JON 178J0 179 JON Satan 1 SMt cv 2i8_50 260JON 259JO 261 JON SMt
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      309 6 Big fax ideas come in compact sizes Good ideas keep coming up x iir.iiiOTliffliOffiß V SL I hanks to Sharp's pace-setting IC miniaturisation technology that made possible the world's first ultra-thin calculators, facsimiles are no longer the bulky office machines they used to be. The Sharp FO-2CO, the world's smallest
      309 words
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  • WORLD BACKGROUND
    • Article, Illustration
      So where does Thatcher go from here?
      1384 7  -  BRIAN GOMEZ of the Foreign Desk was in Britain during its recent general election. In this article, he assesses the impact Prime Minister Margaret Thatcher's personality and philosophy have made on her country. BRIAN GOMEZ "WE ARE THE PARTY of the future," Mrs
      1,384 words
    • Article
      Lock icon HK residents hedge their bets as 1997 approaches
      620 7 AFP HONGKONG'S impending takeover by China on July 1, 1997, has prompted many in the British colony to emigrate, but others are going in the opposite direction and forging business or "friendship" links with the communist mainland. A recent front-page report in
      AFP  -  620 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      198 7 BOAT FOR SALE Tsii t eakwood unk 42 "MARIE", built in Autumn wishes. Further repairs are estimated to cost 5530,000 1979 in Hong Kong is for sale at a very attractive price. 5535,000. A major repair job amounting to 5525,000 5530,000 has been done on the boat last year by
      198 words
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      Page 7 Advertisements Column 2
      303 7 fi e HARD FACTS ABOUT GOVERNMENT SECURITIES Investing In Government Securities Is both safe and flexible. Safe because the Securities carry the credit of the Singapore Government Flexible because through these instruments varying maturity options are available. Consider the following: FACT: Government Securities are about the safest investment going. The
      303 words
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  • FEATURES
    • Article
      Time for some Seoul searching
      572 8 SOUTH KOREAN President Chun Doo Hwan's decision to meet key Opposition leader Kim YoungSam is a welcome move by the beleaguered authorities in Seoul. It is also appropriate that the I man behind the move should be ruling Democratic I Justice Party chairman and presidential
      572 words
    • Article, Illustration
      Government bond market — a good start but more has to be done
      1344 8  - Government bond market a good start but more has to be done The new-look market for Government bonds and bills was launched early last month. Dealers now suggest that the next push is to put more shine, depth and sophistication to the market for fixed-income securities. Financial Correspondent SOH TIANG
      1,344 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      192 8 WOODS from: £63 per wk CAR RENTAL Unlimited mileage inclusive VAT Over 20 year's experience Fleet size 1,000 vehicles, all less than one-year old Best service at competitive prices Also available self-drive holidays (car hotels) in UK. ANGLO FRENCH TRAVEL SCENIC TRAVEL I #10-03 Asia Chambers, #01 -02, 110 Killiney
      192 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      711 8 mmmim CRYPTIC PUZZLE ACROSS 3 He has nothing to blemish (5) 8 Fine fellow with no head! (5) 10 Chap out of the race and far from pleased (5) 11 Cry of a half-baked bird? (3) 12 He upsets most lassies (5) 13 Invitation to a drinking companion to tell
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  • SPORTS
    • Article
      Hongkong wins bridge Open event after tie-breaker
      434 9  -  By MIKE THUMBA THE MATCH that decided the Far East Championship was the closest bridge conteet in the history of the competition. Hongkong needed a tiebreaker (like the penalty kicks in football) to take the championship of the 30th Far East Bridge Championship
      434 words
    • Article
      Lock icon Wimbledon almanac
      377 9 UPI YESTERDAY was Monday, June 22, 1987. The first day of the Wimbledon champior&hipe, which end on July 5. The top men's seeds played first-round matches. History leseon: The last man to win three straight Wimbledon singles titles was Bjom Borg in 1978. He went on to make
      UPI  -  377 words
    • Article
      Lock icon Committee to keep tabs on Seoul
      474 9 AP THE VICE-PRESIDENT of the International Olympic Committee aaid on Sunday the lOC would decide three month» before the 1988 Olympic Gamea on withdrawing from Seoul if the political turmoil in South Korea continuea. "We're really 15 montha away from the event," Richard Pound
      AP  -  474 words
    • Article, Illustration
      Lock icon Simpson wins by one shot
      874 9 US Open victory qualifies him for a spot on the Ryder Cup team UPI SCOTT SIMPSON stood up to the moat intensive pressure of his nine-year career on Sunday and out-duelled Tom Watson to win the 87th US Open his first major championehip. Simpson, already
      UPI  -  874 words
    • Article
      Lock icon 'There's a lot of golf left in Tom Watson'
      458 9 AP TOM WATSON attacked the 18th hole, needing a birdie to tore* a playoff in the US Open, and cama up barafy abort "I fait a little Mt of the old magic coma back," tha 1882 Open champ said on Sunday
      AP  -  458 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      34 9 f g* «r «">T x- q>T«or bhb *1 X ft>TO£ r>r hmIM I'I'JI Mglß a^Tßon WOODS Laminated wood with graphite insert. Available in graphite shaft Techno Rex 5750 and steel shaft Dynaflex 1100. xa
      34 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      1321 9 to to mm JOE LOUIB Heavyweight... SO Years and SHII Champion 10.25pm, Channel 12 The American boxing champ who has been alternately described as the "Brown Bomber", "Detroit Destroyer" and the "Alabama Assassin" is paid tribute to tonight. Besides film clips of his famous bouts, several personalities such as B
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    • Miscellaneous
      Page 9 Miscellaneous Column 2
      61 9 Play gol£ the Sevvy way 0*/7?/£ G*€€A/ 7XV A//£> P/C7X/&E THE &ALL AOLL/MG UP AA/l> /ArfO THE HOLE. //V OTHER Y/OXPS TXYAHP V/SOAC/Se THE SHAPE OF THE PUTT... SSli W i* :x: x*;: Mr- vj-ZSg Vs m 4 J G> &PAHGOUP THEN H/T77/E &AU ALOA/G THAT LtME HAVtf/G CONF/P6HCe(N YOUK
      61 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Allegis faces joint buy-out bid
      181 10 Reuter MARRIOTT CORP (MHS) and the Pritzker family of Chicago are pursuing a joint buy-out of Allegis Corp, parent company of United Air Lines Inc, the Hertz Group, and the Westin and Hilton International hotel chains, the Washington Post newspaper has reported. The Pritzker family
      Reuter  -  181 words
    • Article
      Lock icon Reagan's choice of SEC chief seen as a right move
      638 10 FT THEY WANTED a tough cop to patrol the canyons of Wall Street, gunning down insider dealers whenever they rode into view. Failing that, they would have liked a distinguished insider partner from one of the blue blood firms. In
      FT  -  638 words
    • Article
      Lock icon Akzo in accord with ICI to buy Stauffer's speciality business
      238 10 Reuter DUTCH CHEMICAL GROUP Akzo NV has agreed with Imperial Chemical Industries PLC to purchase the speciality business of Stauffer Chemical Company for US$625 million. ICI bought Stauffer from the Anglo-Dutch foods group Unilever NV at the beginning of June.
      Reuter  -  238 words
    • Article
      Electrospace Systems's pioneers strike it rich
      354 10 IN 1970, WHEN James R Lightner and three fellow employees left Collins Radio, now a division of the Rockwell International Corp, to set up Electrospace Systems Inc, they had to be flexible and a bit humble. "We were the janitors as well as the
      354 words
    • Article
      Lock icon UK's big three banks to join Eurotunnel consortium
      103 10 AFP THREE OF Britain's biggest banks, Lloyds, Barclays and Standard Chartered, are to join the 50-bank consortium backing the Eurotunnel project between Britain and France. The Times reported that the three banks planned to participate in a loan of £5 million which
      AFP  -  103 words
    • Article, Illustration
      Lock icon Chinese enter a new world of investment dealing in stocks and shares
      565 10 Compass World Reports IT WAS PURE LUCK that Li Hongen happened to walk into the Jingan branch of th« Shanghai Trust and Investment Company when he did. Had he been an hour earlier or a few minutes later,
      Compass World Reports  -  565 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      434 10 <3 I WMte to and ■n Happy Hours at theTreetops Bar r F«V ir< Order your first drink and get another one FREE! This offer is valid at the Treetops Bar from 5 pm to 8 pm daily. This special arrangement is not valid for promotional drinks and drinks ordered
      434 words
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      Page 10 Advertisements Column 2
      266 10 Ride in for the American Bonanza! At the Crown Prince Hotel from 20 June to 11 July, there's good ol' fashioned American coo kin' at the Cafe de Prince. With a buffet lunch and dinner, a special US beef a la carte dinner menu, and an jFfri American High Tea
      266 words
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  • ASIAN STOCKS
    • Article
      Hongkong
      386 11 HONGKONG: Share prices yesterday closed near the day's lows in volatile trading on nervousness caused by the weekend visit to the colony by Chinese Foreign Minister Wu Xueqian. The Hang Seng Index fell 34.45 to 3,131.19 after a brief rally at midday. The Hong Kong Index fell 22.06 to
      386 words
    • Article
      Taipei
      231 11 JUNE 22 All Senear* Indus Asia Camant Cathay Cons MT t 4 67 48.20 .70 00 0.16 ■0.1 1.5 Kuochan Dav Laa Chang Yuan Cham Indus Lian Hwa Indua .34 00 .37.50 24.00 0.2 -0.1 -0.3 Chang Hws Bank Chang Loong Chia Hsin Camant Chin Hsin Flour China Cham
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    • Article
      Tokyo
      447 11 TOKYO: Prices fell by the third biggest one-day margin yesterday in thin volume on concern that factors which supported the bull market have disappeared. The market index fell 647.77 to 24,640.35. Last Friday the market lost 462.43 to 25,288.12. Declines led advances nearly seven to two on turnover of
      447 words
    • Article
      Manila
      91 11 JUNE n 1 PflOS Marstaal Aco)« Mining Anglo Phil Orlantal B Phil Ooaraa—... 0 0625 ....0.12 +0.0026 0.006 Apax Mining B 0.07 •0.0025 Plcop B PLOT. uoo -<JUI 819 Ml .1* Atlas Con. B ....26 1 Bagulo Gold 0 006 0 0006 San M.fluai B 206 0.022 5 Baste
      91 words
    • Article
      Sydney
      434 11 SYDNEY: The Australian share market closed sharply weaker yesterday in quiet trading as investors continued to remain on the sidelines ahead of the Federal election and the end of the June 30 financial year. A fall in gold prices over the weekend saw major producers lose support. There was
      434 words
    • Article
      Seoul
      109 11 Mm a CMI Sugar WON ***** ***** -600 Kanywori |nd KleMotor Koton Ind ***** ***** 3MB9 7TK) -200 -310 20 Daewoo Corp 0—woo Heavy Dalahin Sacurtttaa 1161 ***** -17 •190 -70 Lucky Ltd Oriental Bra wary.. 1420 ***** ***** -30 -690 •100 Dong Ah Phar Dong Sufi Slock *****
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    • Article
      Lock icon Bangkok
      154 11 Reuter BANGKOK: The Securities Exchange of Thailand Index rose 6.76 to 288.44 on a turnover of 3,020,693 worth 636.93 million baht. JUNK a BANT *b Poat Saha PubHaMng 2M 410 1131 24 24 Ao Kham Thai Siam Camant Ayudhya ln»aa mm Bangkok Agro-tnd. A 333 152 4 Slam Can
      Reuter  -  154 words
    • Article
      Lock icon Canon chooses Hongkong
      69 11 Reuter CANON INC will have 100,000 calculator/printers a month made by Nam Tai Electronic and Electrical Products of Hongkong from later this year. A spokesman said Canon chose HK over Taiwan, where it now makes 400,000 calculators a month, because of the Taiwan dollar's 25 per cent
      Reuter  -  69 words
    • Article
      Lock icon CSR unmoved by rivals' bids for its two targets
      595 11 Reuter CSR LTD is not overly concerned about the intervention of Ron Brierley's Industrial Equity Ltd (lEL) and Alan Hawkins' Equiticorp Tasman Ltd (ETL) in two takeover offers by CSR, according to chief executive officer Bryan Kelman. "That really won't worry
      Reuter  -  595 words
    • Article
      Lock icon Kansai airport chief hits out at US companies for not trying harder
      275 11 Reuter THE PRESIDENT of the Kansai International Airport Company (KIAC) yesterday berated foreign companies for not trying hard enough to win contracts for the controversial US$6 billion construction project "Whether Americans are putting enough effort into entering the
      Reuter  -  275 words
    • Article
      Japanese banks, seek securities business
      127 11 A GROUP OF 12 major banks has petitioned Japan's Ministry of Fi> nance to allow their overseas securities subsidiaries to establish representative offices in Japan with the poesibility of upgrading them to full-line brokerage subsidiaries. Under Article 65 of Japan's Securities Transaction Law, Japanese banks
      127 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      489 11 c etc to mint, dirt aM eaMla if S/l'% 0 *rt: rar f nJ.* A Beef tenderloin, tenderiy priced at only $19.50 For the month of June, it's succulent Prime U.S. tenderloin of beef, grilled to perfection. Served with baked Idaho potatoes or buttered rice and a fresh green salod.
      489 words
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      Page 11 Advertisements Column 2
      162 11 Peking Sichuan Rmttmurmnt ***>KSft HOKKIEN-PORRIDGE HIgWS DINNER/SUPPER ■*■5—— Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 oQ++ Dinner/Supper Time: 7pm 3am .J-T V 4 r >V j*** A *>. T SJSrt 'v s >VrV '2rv < h A r Select from our
      162 words
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  • BANKING AND FINANCE
    • Article
      Lock icon US expected to be in debt to the tune of US$220b
      636 12 AP THE US GOVERNMENT will produce this week its official estimate of just how much the country is in debt to the rest of the world, provoking anew the debate over the country's status as a debtor nation. Many
      AP  -  636 words
    • Article
      Lock icon Volcker stamps his mark on Fed policy and history
      326 12  -  By MARK HOROWITZ UPI PAUL VOLCKER's departure from the Federal Reserve Board after eight years as its chairman is helping to shed light on the role and impact of that independent institution that has so much say about where the US
      UPI  -  326 words
    • Article
      Lock icon Data point to unchanged US monetary policy
      458 12 Reuter NEW US banking data suggest the Federal Reserve is guiding monetary policy along a steady path and is not signalling any imminent change of course. Economists in New York say that if money supply growth remains weak, as last week's unexpected US$B
      Reuter  -  458 words
    • Article
      Lock icon Swiss franc not overvalued: official
      161 12 Reuter THE GROWING Swiss current account surplus is an indication the Swiss franc is not overvalued, Mr Markus Lusser, vice-presi-dent of the Swiss National Bank, has said. In a speech prepared for delivery to the Association of Foreign Banks, Mr Lusser rebuffed comments by some
      Reuter  -  161 words
    • Article
      Lock icon Call to close Swiss banking loopholes
      101 12 Reuter THE LOOPHOLES in Swiss banking supervision must be closed in a step-by-step manner, Swiss National Bank Vice-President Markus Lusser has said. The integration of financial markets had blurred the distinction between banks and banklike finance companies, and the varying degree of regulation of
      Reuter  -  101 words
    • Article
      Lock icon Malaysia's gold, foreign exchange reserves rise
      147 12 Reuter MALAYSIA'S gold and foreign exchange reserve rose to M 517.01 billion in May from M 516.48 billion in April and M 512.07 billion in May 1986, Bank Negara Malaysia said. The central bank said total assets at end-May rose to M 521.30 billion
      Reuter  -  147 words
    • Article
      Forex markets
      496 12 SINGAPORE: The US dollar closed mixed against most major currencies yesterday after it rose above support levels at 145.50 yen and 1.8320 marks in moderate trading. It started to rise on active buying by Japanese insurance firms and on inter-bank speculative purchases but trading was moderate as the
      496 words
    • Article
      Foreign Exchange
      216 12 Interbank rates at 3pm yesterday: mo om Ion to ono unit of foreign currency: US dolor 2.1225 XI235 2.8196 -2472 twin pc Mid 3.4129 3.4167 7.3469 •53-55 OMIWBW dolor 1-5282 1.5299 3^4286 -55.43 NZ dolor 1.2597 1.2624 3.4286 -63.26 Canodtan dolor 1.5157 1.5870 3.4206 -5X64 l/wf,! Ion to
      216 words
    • Article
      Asian dollar market
      237 12 ASIAN DOLLAR deposit rates yesterday cloeed little changed at around last Friday's levels after very quiet trading. Overnight cloeed steady at 6-7/8 6-3/4 per cent and week-fix at a technically adjusted 7-3/8 7-1/4 per cent against 6-15/16 613/16. Asian dollar CO rates were unchanged. One month closed
      237 words
    • Article
      World interest rates
      174 12 Interbank market rates (offer/bid) on June 22 us$ DM SWFC Y«n 7 doyl 7 7/1* 3/1* 7/9 3/4 3 13/1* 11/1* 13 1/4 IS 3/4 4 7/1* 5/1* 1 a* 7 3/1* 1/1* f i/i* a i3/i* 3 13/1* —11/1* 4 13/1*—11/1* 4 1/1* 3 13/1* 3
      174 words
    • Article, Illustration
      Money markets
      107 12 THE OVERNIGHT rate on the Singapore interbank market cloaed one point higher at 2 per cent yeeterday. One month loat 1/16 point to 4 3/16. Two and three montha cloaed unchanged. lf><JiC£t#9 tt)f IVfftQt o4 Ihf prim* landing rata* el 12 mmfor bank* In Singapore S$ Interbank rates
      107 words
    • Article
      Simex/IMM
      554 12 SEPTEMBER Eurodollar futures in Singapore yesterday opened 7 ticks higher than Friday's close at 92.56 after gains from Chicago. The market dipped initially to 92.54 but recovered to a high of 92.65 in the September contract on renewed buying interest encouraged by a firmer US dollar. Llffe session saw
      554 words
    • Article
      Lock icon Government securities market
      324 12 Commercial Discount THE market opened the week ending June 19, on a quiet note as dealers appeared reluctant to enter into fresh commitments against a backdrop of relatively high interbank rates. With a cut-off yield and price at 2.80 per cent and $99.302 respectively for the week's
      Commercial Discount  -  324 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      259 12 Marwick Banking Appointment Foreign Exchange Dealer (BES/*****) (Salary: Around $70,000 p.a. fringe benefits) Our client, the Singapore branch of a large UK clearing bank which also operates branches in many countries around the world, would like to invite applications from suitably experienced candidates to assume a position of Foreign Exchange
      259 words
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      Page 12 Advertisements Column 2
      82 12 National Bank ASIAN CURRENCY UNIT FOREIGN CURRENCY DEPOSIT FACILITIES INTEREST RATE (Indication only as at 22/6/87) 11.4375% per annum *****0% per annum 11.9375% per annum 12.1250% per annum 6.4375% per annum 6.4375% per annum *****% per annum *****% per annum Special Rates apply to deposits of over A 5200.000 and
      82 words
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  • SHARE INFORMATION
    • Article, Illustration
      Shares rise across the board in active buying
      4318 13 SHARE PRICES rose across the board on active trading yesterday, although afternoon profit-taking pared down gaina made in the morning. The Straits Times Industrial Index closed 6.82 points higher at a new record of 1.244.21. while the Business Times Composite Index closed
      4,318 words
    • Article
      Chief price changes
      245 13 SINGAPORE MtogC. Tree* A FAN MMro H CM*» C LM Kha am Um IC CM fta HMl Pr ip»» L Rises «n 5U tta. 700 1090 Mgt 1090 340 SO* 990 900 TMi 90* 134 Wiiwm 309 490 M 90* 399 op 169 k» 197 ■W 790
      245 words
    • Article
      Business done on the SES
      4152 13 810 and oiler prtoM officially I Mad and bmlnw In and reportea 10 ms oioc* cxcrvsngs o* OlflUiAlkAM cMDQiporv yviwToty wvui u>® numbir of ihirm trtM shown In brsckli In Mi of 1,000 unto unites ocnorwtM ipeciTioa. ah Ttona Qattantant Contracts are quolad altar mo
      4,152 words
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  • COMPANY NEWS
    • Article
      Lock icon Sports Toto's profit projected at M$12m
      370 14 MBT THE SPORTS TOTO Malaysia public share offer which opened yesterday is closing on July 6. Investors are being offered 3.75 million shares at a price of Ms 2 each. < Based on a forecast turnover of MSI7O million and a pre-tax profit of
      MBT  -  370 words
    • Article
      Lock icon IGB Corp to acquire Timbar stake
      209 14 Bernama §y< PROPERTY-BASED IGB Corporalion Bhd yesterday said it has entered an agreement with Perfnodalan Bumiputra Sabah Bhd for the purchase of 175,000 ordinary shares of Msl each or the balance of 70 per cent of the issued share capital in Timbar properties Sdn
      Bernama  -  209 words
    • Article
      Lock icon Esso to invest another M$1bn
      215 14 Bernama ESSO PRODUCTION Malaysia Inc (EPMI) has allocated about i-Msi billion to its investment in oil exploration and production in Malaysia this year, Esso Malaysia chairman and chief executive officer Charles Roxburgh said in 'Kuala Lumpur yesterday. The exploration work, if approved by the relevant
      Bernama  -  215 words
    • Article
      Lock icon Serendah replacing rubber crop with oil palm
      227 14 MBT THE NEW SERENDAH Rubber Co is following a phased programme of replacing its rubber crop with oil palm. It has also planted cocoa, now producing good yield, chairman C R Brown says in his latest annual statement. He says the replanting programmme
      MBT  -  227 words
    • Article
      Lock icon D&P expects higher profit
      98 14 Bernama ES DRAGON AND PHOENIX BHD. a garment and property-based company, expects to record a higher profit than the M 57.66 million it attained in calendar 1986. In a circular to shareholders outlining its proposed bonus issue yesterday, D&P said it would be in a poeition
      Bernama ES  -  98 words
    • Article
      KLSE finishes firm despite profit-taking
      230 14 THE KUALA LUMPUR stock market finished firm yesterday in spite of some profittaking in the afternoon. The market opened slightly higher on spillover interest from last week and edged up steadily in the first hour of trading as buyers continued to show keen interest in
      230 words
    • Article
      Business done on the KLSE
      2753 14 BID sad offer price* officially listed and hnrtnesi in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Aim moat 112» in a 112 111 10» 111
      2,753 words
    • Article
      COMPANY MEETINGS
      325 14 AUSTRAL ENTERPRISES Berhad: 18th AGM at Raya Room, Hotel Equatorial, Jalan Sultan Ismail, ***** Kuala Lumpur, on Tuesday, June 23, at 9am. BOLTON PROPERTES Berhad: AGM at Room 502, 5th Floor, Campbell Complex, 98, Jalan Dang Wangi, ***** Kuala Lumpur, on Tuesday, June 23, at 10.30am. COLD STORAGE
      325 words
    • Article
      Selected indices
      109 14 HONGKONG All Industrials Hongkong Index Monday 2596.6 Friday U«o* Monday 2023.91 Week ogo 2639 9 Friday *****7 Week ago Closed NEW YORK Hang Song Index Dow Jones Monday 3131.19 Friday *****5 Friday 3165.64 Thursday 2408.13 Wee* ago Ckwed Week ogo 2377 73 TOKYO Standard Poors Nikkei Average Friday
      109 words
    • Article
      Unit trusts
      261 14 Monog»rs' prices ,J MARA-Bumiputra for J una 23 First B'putra Sacond B putra 682 6S7 Singapore Unit Trust 614 619 TH* Cown 112 1 TH# Savings Kind 097 S'pora Prog fund 0 46 S'pora Sac hind 0J0 S'pora ln»*»t Fund 0 7? S port Equity Fund 057 1
      261 words
    • Article, Illustration
      General Lumber expects to recover in the second half
      393 15 > THOUGH still In the red at I the interim stage, General < Lumber (Holdings) Bhd is hopeful of a recovery. The management pre- diets better times ahead in the second half of the year with increasing demand for timber products.
      393 words
    • Article
      DIVIDENDS ANNOUNCED
      1028 15 Currant II Boafci Mi ToM tor Total tar payment dm ctaoo payobto too yoor lata yoor A crwtfpnsti 2%W Jun 5 Jun 17 Jul 3 5% 22% Acme 1%TE Jun 22 Jun 29 Jul 31 1%TE «%TE Asiatic Dov 3% May 6 May 19 Jul 1 5% 5%
      1,028 words
    • Article, Illustration
      Good response to SIA offer likely
      565 15  -  Analysts uncertain about Temasek's decision on second tranche By NAJEEB JARHOM TEMASEK HOLDINGS's secondary public offer of 30 million shares in Singapore Airlines at $13 a share is expected to be well-subecribed when the offer closes at noon tomorrow. Analysts and fund managers said
      565 words
    • Article
      Accept Parkway offer, urge Gleneagles directors
      664 15 WHILE recommending acceptance of the takeover offer by Parkway Holdings, shareholders of Gleneagles Hospital have been warned of the risks they face H they choose to take up Parkway shares rather than opt for the cash alternative. The independent directors of Gleneagles, who were
      664 words
    • Article
      COMPANY BRIEFS
      212 15 IN A clarification of a Lianhe Zaobao article, Hotel Royal said that its Malaysian subsidiary held about 920 acres of cocoa plantation. This would yield a Msl million profit annually based on the current price of cocoa. The plantation is expected to produce 0.6 to 0.7 tonnes of
      212 words
    • Article
      Corrections and clarifications
      52 15 PROMET BHD. the oil exploration, property development and marine construction company, has corrected a Reuter report published in Business Times last Saturday. Contrary to the article, Promet says that it has not come to an agreement with its creditors on the rescheduling of its debts. It is
      52 words
    • Article
      Pathmarajah appointed to GE Life board
      138 15 GREAT Eastern Lite Assurance Co Ltd has appointed its genersi manager and chief executive. Mr Allen J Pathmarajah, to the board of directors of the company with effect from June 22. Prior to his appointment as the general manager of the insurance firm, one
      138 words
    • Article, Illustration
      Lock icon Chong's reappointment questioned
      636 15 MBT TAN SRI Chong Kok Lim cleverly pre-empted the June 8 EQM of Landmarks Holdings called to remove him as director by resigning in advance. However, his reappointment by the board immediately after the EQM may not stand the test of law. This is because under Section
      MBT  -  636 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      225 14 r e ias vsam vriiwk? 'Vi'-• v w»i j, •sSfi ~c^ I Ik Ma|>u/int' for Asia's lop f \ritiliu-s tan Ski N! Vol 2J No f> juiu- r«r Business Agribusiness and reform: a winning combination Land and jobs are Ik kess to prosperity in Philippines. Bui farmers need to mI
      225 words
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      Page 14 Advertisements Column 2
      234 14 NOTICES 1 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF WELL-JOIN ENTERPRISES PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of WELLJOIN ENTERPRISES PTE LTD duly convened and held at 30. Kallang Pudding Road. #02-04, Singapore 1334. on the
      234 words
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      Page 14 Advertisements Column 3
      326 14 TJIAT HO PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act (Chapter 185) that a Final General Meeting of the members of the abovenamed Company wfll be held at the office of the Liquidators, 559-C, Balestler Road. Singapore
      326 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      63 15 0% FOR 4 YEARS INTERESTED? SMALL BUSINESS FINANCE SCHEME We can help your business by providing financing at very favourable interest rates, even 0% with flexible repayment periods of up to 4 years. Call us today on 5 3 2~3 332. Standard Chartered Finance Ltd (A own*) mbodtfy o< SUndard
      63 words
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      Page 15 Advertisements Column 2
      350 15 r" > n < i* H V-N-^ii —7T~i MM mKN Ife I«PSH L /A\ J It fr 7 W." *|fc 1 IUiHI FOREIGN TRADE AND INVESTMENT POUCIES: EXPECTATIONS AND OPPORTUNITIES 22-24 October 1987, The Mandarin Singapore Organised by: Ministry of IMe and Industry, Republic of Singapore with the cooperation of
      350 words
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  • Article
    Three aided schools to go independent next year
    716 16  -  By ANNA TEO THE MOVE towards laissez-faire in education takes off next year when three aided schools Anglo-Chinese School, Chinese High School and St Joseph's Institution go independent on a pilot project. While having wide latitude in school management, pupil admission, curriculum
    716 words
  • Article
    Government grants and donations still needed
    267 16 "OUR MOTIVE is not financial independence but operational independence," according to Mr Goh Sin Tub, chairman of the Christian Brothers Schools board of management and a member of the St Joseph's Institution study committee for an independent SJI, yesterday. The need to rely on
    267 words
  • Article, Illustration
    Lock icon Chun agrees to meet leading South Korean dissident
    379 16 Reuter SOUTH KOREA'S leaders yesterday took a major step towards a political solution of the nation's crisis when President Chun Doo Hwan, who has long refused to see top dissident Kim YoungSam, agreed to meet the opposition leader, according to a spokesman
    Reuter; Reuter photo  -  379 words
  • Article
    Lock icon Bankers call for action to avert world recession
    380 16 Reuter DECISIVE political and sconomic action is needed to prevent world recession, stabilise currencies and alleviate the Third World debt crisis, leading bankers said yesterday. Central bankers and senior officials of some of the world's top commercial banks joined a growing chorus
    Reuter  -  380 words
  • Article
    Lock icon Differences over Cambodia revealed in Asean ministers' meeting: Hanoi
    542 16 AP AFP VIETNAM'S Communist Party newspaper says that last week's meeting of Asean foreign ministers offered nothing new on the Cambodian conflict but did reveal "profound differences" within Asean on how it should be resolved. In a joint communique last Tuesday,
    AP; AFP  -  542 words
  • Article
    Lock icon Mayors back reforms
    135 16 Reuter EIGHT CHINESE city mayors have given a ringing endorsement of the country's economic reforms in the latest bid by advocates of change to make the running in national debate. The People a Daily newspaper yesterday published the opinions of the mayors, who said that China had
    Reuter  -  135 words
  • Article
    Lock icon Higher debt growth among Asian nations: ADB
    204 16 AP THE EXTERNAL DEBT of developing countries in Asia grew much fester than that of counterperts elsewhere in 1965, the Asian Development Bank reported yesterday. But the ADB said this was partly because Asian developing countries had fewer problems servicing their foreign debts
    AP  -  204 words
  • Article
    MAS working on tax incentive for reinsurers
    576 16  -  By ALVIN TAY Banking Correspondent THE GOVERNMENT may introduce a tax incentive to encourage the formation of more highly capitalised reinsurance companies as well as captive insurers. Mr Law Song Keng, the Insurance Commissioner, said in his 1966 annual report that such a
    576 words
  • Article
    Lock icon Comex silver
    100 16 Reuter COM EX SILVER FUTURES broke lower yesterday morning on liquidation carried over from last Friday's weak cloee amid a continued strong dollar. The leading July delivery held a loss of 22.0 cents at U556.95 after violating the psychological support area of US$7.OO. Analysts said the selling pressure
    Reuter  -  100 words
  • Article
    Lock icon Dow Jones higher
    64 16 Reuter WALL STREET stocks yesterday moved higher in concert with the dollar and bond markets as investors demonstrated their enthusissm with the successful completion of last Friday's triple expirstions. Technology stocks provided much of the esrly boost. The Dow Jones Industrial Avsrsgs rose nine points to 2430.
    Reuter  -  64 words
  • LATE FILE
    • Article
      Lock icon Opec urged to maintain price
      40 16 AP INDONESIAN President Suharto has urged Opec countries to msintsin their oil Price at US$lB a barrel. Oil and Energy Minister Subroto said in Jakarta yesterday before lesving for sn Opec wasting in Geneve. AP
      AP  -  40 words
    • Article
      Lock icon More aid pledged to Philippines
      44 16 AP JAPANESE Foreign Minister Tadashi Kuranari yeeterdsy promised that his government would give the Philippines increaeed aid "well over" its current package totalling 49.5 billion yen (US$34O million). Speaking in Manila, he said the details were still being completed.
      AP  -  44 words
    • Article
      Manila draws the line on repayment
      46 16 THE PHILIPPINE government will meet its obligations to foreign creditors, but not at ths expense of economic growth. Economic Planning Secretary Solita Monsod told the 29th meeting of the governing body of the Asian Productivity Organisation (APO) in Manila yesterday.
      46 words
    • Article
      Lock icon Rural income in China up 14.9pc
      40 16 AP CHINA'S rural gross income in 1986 totalled 688.19 billion yuan (US$lB6 billion), up 14.9 per cent over 1985, according to State Statistics Bureau figures published by the official Xinhua news agency yesterday. AP
      AP  -  40 words
    • Article
      Gaddafi argues for Arab N-bomb
      58 16 LIBYAN LEADER Muammar Gaddafi yesterday said ths Arabs should have s nuclear bomb to gain the reepect it gives to China. He said in a TV broadcast that the bomb was essentiel as a defensive wespon, snd Arab states should be prepared to use it
      58 words
    • Article
      EC foreign ministers meet
      58 16 FOREIGN MINISTERS of the EC met yesterday to clarify problems on budgetary reform ahead of an EC summit meeting on June 29 and 30. The meeting concentrated on proposals made in February by Jacques Delors, president of the EC Commission, for a 25 per cent increase
      58 words
    • Article
      Lock icon Prem to visit Malaysia
      32 16 Reuter THAI Prime Minister Prem Tinsulsnonds will visit Malaysia in mid-August to discuss regional politics snd border security, s Thai embassy official in Kuala Lumpur said yesterday. Reuter
      Reuter  -  32 words
    • Article
      Lock icon Lange voices hopes for Fiji
      54 16 Reuter NEW ZEALAND Prime Minister Dsvid Lsnge yesterdsy said he hoped ousted Fijian Prime Minister Timoci Bavadra would participate in proposals by the Fijian Gov-ernor-General to reetore a civilian government. In a statement after talks with Mr Bsvadra in Wellington, Mr Lange ruled out any
      Reuter  -  54 words
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  • Page 16 Miscellaneous
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  • SHIPPING TIMES
    • Article
      FEFC's proposed rate increase on Oct 1 likely to be cancelled
      496 17  -  By VONNIE BISHOP PLANS by the Far Eastern Freight Conference to implement a 7.5 per cent general rate increase on Oct 1 appear to have been aborted. The first indication that the tariff for Far East shipments to Europe
      496 words
    • Article
      Lock icon Tour operator expected to give Hapag-Lloyd big boost in tourism
      279 17 Seatrade Week THE WIDELY expected purchase of a 10 per cent stake in Hapag-Lloyd by West German tour operator, TUI, appears to be more than just another paper transaction. Hapag-Lloyd chairman Hans Jakob Kruse said the deal, which will follow
      Seatrade Week  -  279 words
    • PORTSIDES
      • Article
        Maersk will offer 3 sailings to Med
        107 17 MAERSK LINE will provide three sailings a month to and from the Mediterranean from July. Containers to and from Barcelona, Marseilles, Genoa and Lisbon will be feedered through the Spanish port of Algeciras by the 527-TEU Maersk Mango. The Mediterranean service will be
        107 words
      • Article
        Lock icon Campaign against drinking at work
        102 17 Fairplay THE UNITED KINGDOM National Joint Council for the port transport industry has begun a 12-month campaign against drinking at work in an effort to reduce the number of accidents caused by alcohol abuse. The NJC, which is made up of employers and dockworkers from
        Fairplay  -  102 words
      • Article
        Lock icon Crew of leaking ship saved
        136 17 AP THE CREW of a 5,992-ton South Korean freighter was rescued early Monday after it began to take on water in the Pacific Ocean off western Japan, a Japanese Maritime Safety Agency official said. A leak was discovered on the freighter, the Star Carrier, when
        AP  -  136 words
    • Article, Illustration
      Lock icon Old issues renew concern about Panama's future
      867 18 NYT LIKE THOUSANDS of ships before it, ths hssvily laden frsightsr Aguascaiientes entered the Miraflores locks of the Panama Canal. The giant sluice gates closed and in sight minutss snough wstsr was drainsd to lower the veesel 27 feet, an engineering feat that
      NYT  -  867 words
    • Article
      Lock icon Salvage team to search for 5 tons of gold in the Republic
      368 18 UPI TREASURER hunters were poised on Sunday to search for more than five tons of gold they believe went down with a luxury liner in 1909 in waters off Nantucket island. A 40-man salvage team arrived on Saturday
      UPI  -  368 words
    • Article
      INDEX TO ADVERTISING
      706 18 AB Shpg V 5 K t S Lino IV 3 ABC Container VW 1 ICS Uno IV 2 Accord Shpfl VI 3 Kio Gwon VI 4 Africa Ocean X 2 Kyowo Uno IV 1 ANtrons vn 3 loyto Nov VI 1/2 Aaericon Tpt X 2/3 lion Huat
      706 words
    • Article
      Australian council joins associations to support acceptance of Hamburg Rules
      205 18  -  -•y Kingskey Wood THE AUSTRALIAN Shippers' Council has joined other shipper associations in a campaign to win international support for the acceptance of the Hamburg Rules. ACS executive director, Mr Ric North, said its importance could not be over-emphasised. It
      205 words
    • Article
      LONDON FREIGHTS
      1187 18 TIME-CHARTER operations on the London shipping freights market on Friday activated end-week business and featured new Soviet involvement Soviet charterers reported ty paid US$5,OOO per day (ptue $90,000 ballast bonus) to the 61.100 dwt Continental Trader for a June trip from the US Gulf to the Cape Pas-sero-Skaw
      1,187 words
    • Article
      CONSORTIA
      177 19 THE MAJOR shipping' consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR J^AST/EUROPE): Franco Belgian Services \*K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      177 words
    • Article
      Lock icon Kuwait rejects claims of aiding attack on Iranian ship
      164 19 AP KUWAIT has rejected Iranian claims that it aided the Iraqi attack on an Iranian oil tanker in the Gulf, but Iran renewed the accusation and threatened to blockade Kuwaiti ports. Kuwaiti Minister of State for Cabinet Affairs Rashed Abdel-Aziz Al-Rashed
      AP  -  164 words
    • Article
      Lock icon Denholm wins deal to manage Kuwaiti ships
      320 19 Lloyd's List THE PRESTIGIOUS contract to manage 11 Kuwaiti tankers about to be transferred to the US register has been awarded to the US subsidiary of Scotland's Denholm Group. The Glasgow ship managers' Houston company, Gleneagle Ship Management, will control the ships once
      Lloyd's List  -  320 words
    • Article
      Lock icon Call for formation of an Asean ferry link
      440 19 Bernama MALAYSIA called for the establishment of an Asean road, rail and tarry link system to improve the region's transportation and communications and provide for more meaningful economic cooperation, especially in trade and tourism. Malaysian Transport Minister Datuk Or Ling Leong Sik
      Bernama  -  440 words
    • Article
      Bellona joins UK register
      217 19 THE BRITISH shipping register, which has been declining steadily for 12 years, is to be boosted by the addition of a 153,000dwt tanker. The Bellona, a 10-year old Liberian registered ship was acquired by a company launched through the Business Expansion Scheme, which gives top-rate tax
      217 words
    • Article
      Lock icon TANKER RATES
      292 19 AFP OWNERS in the main were finding it difficult to maintain the previous week's rate levels with tonnage building up in most areas, this in spite of a reasonable number of fixtures, notably in the Middle East Gulf area and North Sea loading zone. The London shipping daily
      AFP  -  292 words
    • Article
      Rig utilisation rate hits year's high
      289 19 OFFSHORE drilling rig utilisation in the Gulf of Mexico has jumped to its highest level in more than a year, with 24 more units working than a month ago. Rates are keeping peoe with the fresh wave of demand and the secondhand value of
      289 words
    • Article
      SHIPPING LIST where your ships are due...and when
      8763 24 soiaßijmß 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
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      SHIPS IN PORT
      525 25 AT CONVENTIONAL WHARVES r i i Arrival Dapartura KEPPEL WHARVES Al totenca KM nlnnytti 24 04/1300 Sorter Two. COT oftongtids 2104/1400 f»ngtoi Of eiwigwde 2404/2300 FT Corner QO nlnixpwds 7304/0400 Huong long CD 24 04/1300 Koto to* K3I ok>#v» i de 2S04/040 Morttteo Joy K34 n*ow9»ds 24
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      CONTAINER SCHEDULES
      988 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO i i Gdns FCL Arrival LCL movamant 8Mp Voy data/tlim 1 Operator cargo •chadula Locrth Ml a Too Yuon 706 23.0687 1930 Con Foodors F2 0930-1130 J7 •> Qtnqhn 40E 2306£7 2100 Y Fung F6A 1100-1300 81 1 Toratai 136
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  • Page 17 Advertisements
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      727 17 p SHE HAD POWER. SHE NEEDED LOVE. SHE WANTED REVENGE. Emma Marie is A WOMAN OP SUBSTANCE But what Is the price she has paid? Available at all good bookshops Mir// OUtwOnmps CmUiMA liwe iRTH AMfRICA ATI ANTIC EXPRESS (ROUNO THf WORID ROUTING) XPORT g IMPORT Ammfj MMM 9Hmit AfiCNCtCS
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      68 17 THE VIOLENCE end strikes thot have shaken Panama Canal hove not interfered with operations at the canal, but they have raised renewed concern about its future. P«g« II THE PRESTIGIOUS contract to manage 11 Kuwaiti tankers about to be transferred to the US register has been awarded to Denholm Group.
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      685 17 k0 FESCO LINES FAR-EASTERN SHIPPING COMPANY Regular Serviooe To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE i Tl* weak Artd M C**nfl Tim* CY 25* QSOO HRS CFS 24* 1800 MRS Tfri *m» Luna M CMng Tm CY IV7 2300
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      288 18 TRANSPORT TEL 03-*****50 MALAY** SON. BMD TLX: ***** MTM EUROPE/FAR EAST CONVENTIONAL SERVICE Fit Booking contact Miss Gan HCKUvm fT. < LOG DATBS pt. klang s pore 100. for SSLm Sir*" S m sr;—5 Z!£S£T*-' M ai I,IU a-afl 30/1 4/9 Kioftjiunc'Kftiunt Bump Further load/ discharging porta an route subject
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      22 18 K ine l nd rv(c represented by aIS R^' str > <* Accredtted [fgHfcVi f 9 n Singapore National UAqV// Shipping Association. NS^P#/ x^r/
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      312 18 This is to confirm that PAMELA LYE YUET MENG, l/C No. *****93/ A, is no longer an employee of the Company with effect from 20 June 1987. She is. therefore, not authorised to transact any business or collect any monies on behalf of the Company. m mm cma umtm ptq
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      753 19 F The Straits Steamship Group Mansfield Container Shipping Pte Ltd P&O Containers Limited CONTAMERSHP SERVICE TO UK/CONTWENT: ajl STRAITS SHIPPING Singapore to Sibih, Sarawak, Brunei Ports and Bangkok PEGASUS PRIDE PEGASUS PRIDE SPORE In Port/2* Jot 30 Jun-M Jul BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****80 MNTANC SERIA* AUBY RAJAH
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      782 19 CHARGEURS REUNIS IL>:aL\\: 14i'l j In 3.LL!'I (MED CLUB MEMBER) CONTAINER SERVICE FROM MEDITERRANEAN MHXTERRANCA Accaptmi CARGO tar I P.IMMI tfM 25 Jim 12 M ■•rtimqat 4 Cq«m NEW OASIS OKX PNMCER 24 a* 2i B»f ii i II May 2 Jot I. tMm ian 24 J a im aim
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      286 20 sc Hapag-Uoyd CO NT AINERSHIP SERVICE TO UK/CONTINENT CONV. SEMI-CONTAINER SERVICE TO EUROPE CONV/SEMI CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK CONTINENT 'Agents Singapore *****(6 K. Lumpur *****2S Booking *****78 P. KeUng *****18 Freight *****00 CFS *****50 CFS *****48 Pwung *****7. *****2 Terminal *****33 TTTTrrTTT SOUTHEAST ASIA PTE.
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      616 20 S port LtHjvri R'dam fttow H'burf B havon Antworp KOREAN JACEJIN 39N 24/6 13/7 W> 15/7 W W 21/7 CHINA CONTAINER 40N 1/7 W 21/7 22/7 25/7 26/7 21/7 NEPTUNE CRYSTAL 40W 1/7 27/7 21/7 29/7 1/1 2/1 4/» VERRAZANO BRIDGE I7W 15/7 J/l 4/» 5/1 M 1W TRANSWORLD BRIDGE
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      428 20 Sf K S LINE JAPAN/HONG KONG/STHAIIS ShHVIUt SANKYO LINE (S) PTE LTD 143 Of* Stiff) tt 10 04 GB Burfdeif S poif 0106 TH ??19?Vj Po*t KfUnj lifj P«u St*pp«ij Sdn Rhd fel 03 *****74 b Pfnjnj Mjlj.ui Irjdf t transport ltd Ifl 04 61 7*93 Pis* Gjdjnf Maljyujn S*appm(
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      1047 20 Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) 27/7 a/7 4* 2* m* m* w 7* u* m 2s* at 10* 14* IS* 14* i* JO* mmt w IV W W W MS* ALSO ACCEPTING CAtQO TO u SFEISK- mmton mLAtamK Norfolk. jackkmville. ——4 ton. kwum, rrc 0 ATLANTA. CHICAGO KTMIT. COLUNRUS OTHEH MUM
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      486 21 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE KOTA SBtGA MAJAPAHfT SOW A SIN JKT MY SIN Wt M 2S/S 7/7 %P 11/7 11/7 11n nrt an nn MURORAN (HOKKAIDO) *MTC HITACHI INDONESIA CONTAINER SERVICE KOTA SMG MA HAWK BANGKOK
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      102 21 JgtIMORBULK. NORBULK CARGO SERVICES LTD. I s REGULAR CONVO4TIONAL TIMBER AND PLYWOOD SERVICES TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEI 22W66 MALAYSIA SP YEO SHIPPING 4 TRADING Kl *K?SM4IS PK *****01 PENANG TANJUNG MARINE SON BHD TEI SABAH TRANSPAC K K 59«8.?7l?« TA
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      726 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT STOW HAH BHAVEN ROAM HAVRE UP W MP HP UP ap MP ap mo ap op an ap vn ap I*l*l* U M U H M H Uf Uf ID W M w im M m OM 2M M Hit an 15* 17*
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      502 21 DJASAGETRI A Joint Europe Sorvtc* Oft P.T. SJJUUITA UITI P.T. OESMI LLOY9 P.T. IMWim 1811 P.T. TNMB* LLBYB ITT VESSELVOY SPORE EMMA f/ICH-WB Kl5 KUTAi/um m-w S PAKJANGT&WB 15-17/7 GANOA BHAKTI/IBWB 21-23/7 tablet >o ANTWERP BILBAO BREMEN A DAM/R'OAMH BURG ap 1* M 13/1 21/B 240 Vfi X* 9$ Said,
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      397 21 BOUSTEAD SHIPPING AGENCIES •MACWt PA-AN VII2W PAGAN VHSN AVA VK Di Khirnnf ply Loadi* for Euro* BURMA FIVE STAR (Burmese National Line) Loading for Rangoon S pore P.Ktbng Penang I 24/S Jun 23/25 Jur 5 iuhf TAMAITAI SAMOA V.ION FORTHBANK VUN IVY BANK VI9N MEADOWBANK VUN SPORE ROAM HULL 4/7
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      1441 22 M» K"LinE SHIPPinG-DflTfl fflSS&mm ATLAfITIC COAST (Round-The-World Service) •PK/PNG SPORE LB 0. FREEDOM Vl4 0. FAITH V 3 0. FRIENDSHIP V 3 •PK/PNG SM 27 Jun 4 Jul PACIFIC SOUTH-WEST FEEDER VSI "PK/PNG SP MOTH 0 FREEDOM Vl4 0. FAITH V 3 0. FRIENDSHIP V 3 •VIA FEEDER SP MOTHER
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      676 22 AUSTRALIA EXPRESS CONTAINER SERVICE AocapMog FCL/FCL Container* Faadur P Raton* I Law Vao* S port Itttft Fiwi Sydn Ate Accapi "CMANOIOAS" 30 Jun* 14 My 23 July 21 My AM/Bra BTECLim* 115 10 My "KABIBOAS" VJS 20 My 3 Au» 12 Au| 10 Au| AM'Bm CALABAR ».3» 25 July "KAMOAT
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      659 22 GOLDEN LINE WS <xV GUAN GUAN SWHNG (Pit) LTD I 7). IM Irr Skwt —"">* SKtfW 0104 TU U4JUI (It LMB) Fix SOS STRAITS/PERSIAN GULF SERVICE: Soon P KatangPira GOLDEN WONDER toianto/terx*/Dubat/Oammain 14/15 July GOLDEN BEAR Cotomto/Mradti/Muxat/Mirain TVS July CHINA SERVICE 1(tfl A VESSEL Kununf.'Shjnfhi I<*l2 >*1— guchenc in In
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      357 22 mm T w 1 m P B PHIL I IRON SHIPPING AGfNCIfS PU I ID PHIII ORIFNI lINIS Plf I ID HIM. OHICf 6? fOB INS OH ROAli «IR( (Ml BlMtOmC 'MMPfWf OK>. igfc.v M t HI II rs '?o fmt i •»i :.'sy>> MIDDLE EAST/FAR EAST FCL A LCL
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      626 23 NEPTUNE AGENCIES PTE. LTD FE EUIAUST TPA/SEA Ttfminal CFS BOOKINGS *****53 *****42 *****22 *****53 *****11 *****41 NEPTUNE ORIENT LINES LTD NEPLINE SON. BHD. 360)017 NEPLINE SON. BHD. 2(1«B3 NEPLINE SON. BHD. U0015*27K0*276»1*271i2 NEPLINE SON. BHD. **********41 INWARD/OUTWARD ENQUIRIES: *****44 member of the ACE Consortium F'ltowo H-buri W IV7 v 11/7
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      105 23 TAYO SHIPPING LINES PTE LTD TEL 224/625 (3 Llne»| TLX RS SSIOI TAYOIN VESSEL ETA ETD DESTINATION PIYA I 26/6 90/6 KRABI/COLOMBO A VESSEL 22/6 27/6 PORT KELANG/BELAWAN SINAR MEGA 2/7 4/7 PEKAN BARU/DUMAI A VESSEL 18/6 20/6 BATAM A VESSEL 27/6 30/6 SEMARANG/SURABAYA REGULAR SERVICES TO INDONESIAN PORTS SUBJECT
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      439 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON Vmml i Nome S pore Penjng f KeUnf Buun Moji Cnt«rpriM/711N 7V« MM VJ No 7 Donam MSN IP 1/7 I*7 No Donjm 7osN SP WWW No I Donem/707N Up 17/7 2*7 No» Donjm/TtoN 24/7 27/7
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      680 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** r. KELANG PEMANG M/S HANDLING SYSTEM CO SON. BHD MESSRS KAI THONG SNIPPING 127 Pmin. Stm* Pmm.
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      81 23 FERI MALAYSIA SDN. BHD. RORO ritNUiw* PAi lITISID WUKIY SIFVICf 10 KIIANIAN KiII.MINI. KINABAIU ALSO ACCIP'ING SUf DRIVEN Mf AVY WIHICIES REGULAR DEPARTURE ON "CRUISE MUHIBAH" VOYAGE IfOM KUAMTAN KUCNMO KOTAI m iti awn ttm SMS MM iM7 n/07 \tm 14m 17*7 IM7 IM7 z\mr urn nm tuvr mm tun
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      428 24 SINGAPORE SHIPPING CORPN.(PTE) LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DEUTFRACHT'SEEFtEEDEREI ROSTOCK IGHTLY FULL CONTAINER SERVICE 111 1 EMC—jr.'.' "VIA COLOMBO: Accepting cargo for INDIA Bombay, Cochin Madras; EAST AFRICA Dar Es-Salaam. Mombasa Mogadishu "VIA LAKNACA: Accepting cargo (or Piraeus, Thessaloniki,
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  • Page 24 Miscellaneous
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      167 24 Regional Weather k m TA r A v. a Ta A eM (.'4 s; **>•> SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wmd drection with speed m knots Wove height LEGEND: R. Thunderstorm Temperoture c X\ Tf Shower Weather Wmd drection with speed in knots Rom Cloydy
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      152 25 Mil WEEKLY FAR EAST/EUROPE CONTAINER SERVICE CALL U8 t.W PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8, *****8, 07-*****1, *****3, *****5, *****0 02-*****22 *****88 TO EUROPE nr* M i I i Tl ill L. rT7i rrm 17 a MJF HUB 14.17 n.® TT OTHER DESTINATIONS: AARHUS,
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      189 25 USA 28/6 TO: LA/LB, OAK/SF, N.YORK w* 5/7 LA/LB, OAK/SF, N.YORK ACCEPTING LCL/FCL TO ALL PORTS/IPI I TRANSTAINERS LINE WEST AFRICA SERVICE PEN/PK SIN TO: DAKAR, CONAKRY 22/1 25/6 ABIDJAN. UK 23/6 26* CONTDNOU, DOUALA LIBREVILLE, PORT GENTIL P NOIRE, LUANDA i: DOOR TO DOOR DELY:PT. KELANG TO KOTA KINABALU
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      373 26 <# fd/?G0 SHIPPING COMPANY(PTE)LTD. REGUtAR EXPRESS FULL CONTAINER AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINS RUNE From USASCanada/Europa/MadHarranean Vsl TNT EXPRESS L HUOI6 BRUSSEL ANTWERP WMWMWMRTM in !T3i !T3I [T3l| 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL
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      394 26 AErka Ocl4*l Li*»s Lrd. ACCEPTING FCL/LCL ft BREAKBULK TO: LAGOS/ APAPA, PORT HARCOURT, WARRI, CALABAR, SAPELLE, TEMA, CONAKRY AND OTHER WEST AFRICAN PORTS VESSEL ETA SPORE CARRIBSEAN EXPRESS 3/7 M/V EKESOS 6/8 V D COLUMBUS LINE REEDEREI GMBH W (A SERVICE OF HAMBURG SUD) EXPKESS SEMt-CONTAJNEP SERVICE TO Genenl Agents
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      288 26 r V i at J Mitsci OS K Lines. Ltd CONVENTIONAL/SEMI-CONTAINER GLORIA PEAK VOY. SWA34A OCEAN ELITE VOY. EAA34A SUBJECT INDUCEMENT 1 Jul Port Louis, Reunion 7 Jul Mombasa. Daressalam. Tanga Betra. Tamatave ALTAi MARU V.WAB 27A RIVER GURARA V.WAA 30A Rmks -f Subject Inducement 13 Jul P. Noire, Abidjan.
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