The Business Times, 14 July 1987

Total Pages: 30
1 30 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, JULY 14, 1987 75 CENTS
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  • 195 1 Exchange rates THE Singapore dollar cloeed at its opening level of S$2.1245/55 against the US$ in thin trsding yesterday. It traded within a range of 2.1245 and 2.1260. The local unit roee against yen and DM, but fell against HK$ and M$. US$. 151.25/35 yen, 1.8485/95 DM,
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  • 536 1  -  High tech company is next to be listed By AMY BALAN SESDAQ is getting impatient with loose talk about its not having lived up to expectations. Mr Lim Choo Peng, the president of the Stock Exchange of Singapore, yesterday said not only would
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  • 211 1 SHARE prices in the Singapore stock market closed mixed yesterday in fairly active trading as the market took a breather from the hefty gains made last week. Good performance by some index stocks helped the Straits Times Industrial Index to
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  • 99 1 NEW ZEALAND'S two main political parties yesterday studied tactics used by the winners of the Australian and British elections as they polished plans for their own campaigns for the Aug 15 polls. Leaders of the ruling Labour and opposition National parties were expected to
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  • 349 1 THE HEARING of the trial of former Pan-Electric director Peter Tham waa poatponed again yeaterday, for 10 daya thia time, to allow the proeecution to study "certain definite propoeals" put forward by the defence. Defence lawyer Denia Tan told the subordinate court
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  • 476 1 Reuter A WAVE of optimism swept Australia's financial and share markets yesterday following the re-election of Prime Minister Bob Hawke for an unprecedented third term. Factional squabbles within his Labor Party and turmoil in the conservative opposition after Saturday's election had little
    Reuter  -  476 words
  • 522 1  -  By LEE HAN SHIH, ELAINE KOH FIRST CAPITAL CORPORATION (FCC), whose shares wsrs suspended for the second time in lees then s week yesterday, is repackaging its proposal to raise $100 million. Its new package will knock 50 cents off the
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  • 110 1 Reuter THE SOVIET UNION said yesterday that it would join the UN Common Fund for Commodities, a multimillion-dollar pool set up to support price stabilisation agreements. Foreign Trade Minister Boris Aristov told a plenary session of the UN Conference on Trade and Development in
    Reuter  -  110 words
  • Page 1 Advertisements
    • 107 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Transparent Ink Feeder Structured to function exactly like a fountain Metal Ball Tip For extra smooth, highly flexible writing signing in blue, black and red. The g(K)d, old fountain pen makes j Victorious comeback in the best, bold form of the Pilot Hi-Tecpoint V
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    • 303 1 Full report, Pag* 16 Regional markets, Page It Behind the US trade Bill STAPLES COULD NOT hold the rough draft of the US trade Bill together becauae it la so thick Rubber bands could, though. An amendment to the much-taiked-about foreign trade Bill, aimed largely at Aaian countries that have
      303 words
    • 251 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM DONT LET THE INITIAL PUSH HOME OWNERSHIP^ We offer home loans without you having to come up with the usual 10% downpayment. Hongkongßank also offers other attractive features: 100% financing Quick processing allows for verbal confirmation within 24 hours and written confirmation within 3
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  • Page 2 Advertisements
    • 479 2 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
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  • HOME NEWS
    • 426 3  -  ■y CHUANG PECK MING THE ANNUAL WAGE supplement. traditionally a fixed element of the pay packet, is becoming flexible, according to the prsoldoK of the Industrial Arbitration Court Mr Ton Boon Chiang said in the court's latest annual report ■tat employers snd unions, responding to the
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    • 475 3  -  ■y ANNA TEO SATE RIA. the first overseas branch of Malaysia's MARA tssMood chain, has bssn given reprieve from a writ of distress. It has two wastes to settle $48,000 in rsntsl arrears. Businsss went on as usual yeetarday at
      475 words
    • 239 3 AN INFORMATION syetems company, CAP Information Syatem (Singapore), recently clinched ita aecond major software contract in Thailand. The contract from the Government Bank of Thailand la worth over $750,000 and involvee aupplying and implementing teller systems for the bank's front office operationa.
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    • 68 3 A ONE-OAY seminar on Modem Handling and Effective Warehoueing System will be held on July 31 st the Hyatt Regency Hotel. Tha topics at tha seminar will include an update on tha uee of material handling equipment system snd current Issuss related to the science snd srt
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    • 599 3  -  By FOO CHOY PENG Chief Reporter SINGAPORE and five other countries have bNn cited by the World Bank as sxamplss of countries whosa amphasla on education, along with invaatmant in phyalcal capital and technology transfer, haa contributed to their economic growth. "China, Hongkong,
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    • 533 3 AMERICAN electronlca giant Motorola inc. known for Hi staff training and development, "borrowed" from tha Bingapora experience whan it was drawing up a training mandate, ravaalad Hi visiting vice-president last wssk. Tha Illinois bsasd company, a laading producar of alactronic equipment, syslsms and componants, sals
      533 words
  • Page 3 Advertisements
    • 444 3 (A y r /m fine de clair no 2 oysters chicken parfait. smoked salmon, prawn marinated mussel |N' I crab claw, smoked eel, black forest bam. poached salmon medallion fish trrrine. t<eal Uver taut age, marinated mackerel, carpaccto (of beef) of tomato soap with loaf of green pea soap with
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  • ASIA-PACIFIC
    • 716 4 Some government officials admit of a confidence gap Reuter INDONESIA, having won its latest battle against currency speculators. is looking to the private sector for future growth, but sceptical Indonesian businessmen are sitting on their wallets. The government has proved its ability to manage
      Reuter  -  716 words
    • 502 4 AP CHINA'S 8,000 major industrial antarprisas suffer from obsoiato technology and Inefficient management and must open to the outside world to catch up with international standards. In s lengthy report the official Xinhua news agency detailed on Sunday problems
      AP  -  502 words
    • 369 4 Reuter MANY JAPANESE remain compiacent about their hug» trad» surplus in spits of daar warnings from thair loaders that the world aoonomy can no longar stand tha imbalanca, tha European Community (EC) has said. "It raally to abaurd that ao many paopla in
      Reuter  -  369 words
    • 409 4 Reuter ASIAN communist parttoe, maating in tha Mongolian capital Ulan Bator, hava agreed to stop up efforts to promote Soviet propoeats for a collective security lyiipm in in® Antrv-rßuTic region. The Soviet Communiat Party daily Pravde reported recently that eenior officials from 21
      Reuter  -  409 words
    • 87 4 Reuter THE NEW ZEALAND Statistics Department said its restricted survey of privste importers showed orders placed in May, excluding mineral fuels, roee a seasonally adjusted 15.1 per cent compared with a 2.9 per cent (revised from 3.0) fall in April and a 0.2 per cent rise
      Reuter  -  87 words
    • 854 4 ARRIVALS Opera •or jtrytci Local Fran MAS MH6S1 0620 KUL SV SV39B 0035 AED/RUH FBI MAS MHS1I 0910 MAS MH671 0920 KUL AC Acast 092S YYZ/IM/ftOM SU S0103 0990 KUL CTA CX7T0 1015 00K HA ■421 1100 •WN GU GA960 1100 CGK SU SO 105 1105 KUL
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  • Page 4 Advertisements
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    • 51 4 I The bus<ness person's choice, every I I II I II Tuesdoy, Thursdoy. Saturdoy ond I f| II I Sunday. Leaving Changi Airport at J- -L Vv>/J_ 22:05 hours and arriving at Lester B. Peorson International Airport the following day. Coll your Trovel Agent or Air Canoda at *****55. AIR
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  • Page 4 Miscellaneous
    • 50 4 Doonesbury HJORP SPREADS QUICKLY THROUGH THE CONSUMER ELECTRONICS SHOkL.. I s» (l BY GARRY TRUDEAU IBS, FOR J-J-JUST PENNIES A DAY, cduu* bbiour. president! ar&J T CAN I GET BACK TO YOU? THE&SSOMB SORT OF COMMOTION IN AISLB 23! 1 jm ,1 m im z* r '-j m K S7
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  • Page 5 Advertisements
    • 172 5 Celebrate Bastille Day. out of Singapore 4 ir km. F 4 t ,1^ -.ZsFrf *P K* r >-(■ WfF&Wi* J.r-7%1 >■- m ■>■;■■■- k V m •*>s rMn n r ;C -*S lV /i Today, the French celebrate the storming of the Bastille, and the freeing of the poor, imprisoned
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  • REST OF THE WORLD
    • 414 6 Accord on concerted budgetary policies needed, says report AFP FIVE of the European Economic Community's (EC) 12 members hold the key to relaunching the EC economy, if only they would agree on concerted budgetary policies, according to a European Commission report scheduled to be
      AFP  -  414 words
    • 343 6 AP JAPAN now has more billionaires than the United States, and the richest of them is probably the world's wealthiest man, an American business magazine says. In its July 27 issue, Forbes magazine says Japan, a nation with half the population
      AP  -  343 words
    • 172 6 NYT ORDERS for American semiconductors weakened in June from May levels, and the book-to-bill ratio, a key index of the health of the industry, suffered a substantial decline. The latest figures, released by the semiconductor industry aaaociation in San Franciaco, •how that the
      NYT  -  172 words
    • 316 6 AFP THE POLITICAL CRISIS confronting Panama tinea aarly last month is threatening to causa severe economic damage to this important financial and commercial crossroads. The capital was calm on Sunday following a resumption of violent incidents during an antigovernment protest last Friday to
      AFP  -  316 words
    • 207 6 AP GOT A WEEKEND coming up with nothing to do? Want someone to wait hand-end-foot on you? Qot US$2O,OOO to spare... for one weekend? For that price, the Oak Brook Hills Hotel and Conference Centre will fly a couple first-class round-trip to O'Hare International Airport
      AP  -  207 words
    • 718 6 AP FLEET STREET has been Associated with printing and publishing ever since Wynkyn de Worde opened a printing office there around 1500, but now its colourful days as the home of Britain's national press are numbered. Newspapers are shedding jobs, cutting costs and moving
      AP  -  718 words
  • Page 6 Advertisements
    • 311 6 v'*'v !"<fc *v L 1 I I it vii. V a n i t! f L in met, wherever you need it an r j t rccu K 1 ki Fully Portable Acma Personal Airconditioner is fully portable as it is mounted on castors so you can easily move it,
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  • MONEY AND EXCHANGES
    • 924 7 Reuter SINGAPORE: THE US dollar yesterday closed slightly firmer against major currencies in light trading on buying by Japanese securities houses and investment trusts. Dealers said sentiment for the dollar remained bullish but most operators were reluctant to take large positions ahead of tomorrow's release of US May
      Reuter  -  924 words
    • 57 7 THE OVERNIGHT rate on the Singapore interbank market fell one point to end at 2% per cent yesterday. The term rates remained unchanged across the board S$ Interbank rates at 7pm yesterday: Off» MO Ow•OgM 2 1/3 2 1-mm* 4 3 7/1 2-meMh 4 1/1 4 3-* 4
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    • 88 7 Treasury bills Period Issue Y< Mferday's ck Mtng Day's code Maturity MD C WGM LOW 3 momhs BQ*****S 08.10.87 2.92 2.82 2.95 2J1 6 morths BQ*****F 24.12.87 2.95 2.85 2.93 2.91 1 year BY*****S 30.0648 3.12 3J02 309 3.05 Government notes and bondi 1 Period Issue Maturity
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    • 166 7 1 w. I 1 ■tM (offer/bid) on July 13 us$ DM SWFC Yan 4ay 4 13/14 11/1* 4 5/4—1/1 3 3/4 5/t 17/1-5/1 3 1/4 1 a* *7/1- J/4 15/14—13/14 3 3/4 5/4 3 1/3 3/4 3 3/4 J/4 m 6 15/14 13/14 f 3/14 1/14 3
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    • 293 7 Asian market ASIAN dollar deposit ratM yesterday doMd steady at •lightly lower opanlng lavel». after a day of light trading. Dealer* aaid rates weakened between 1/16 and 1/8 point at the outset following lower US Federal funda rate, higher bond pricee and speculation that Citibank and other major US banka
      293 words
    • 586 7 BA Futures SEPTEMBER fff <■■■ yeeterday gappad 14 ticks higher at 82.91 during Simex's opening following the unexpected weak PPI and talk that a major US bank is cutting the prima landing rata. Although markat outlook has tumad posittva. corractlva praaauraa saw pricas backing off from tha high of
      BA Futures  -  586 words
  • Page 7 Advertisements
    • 97 7 "N T PAX PACIFIC K i 1 V r \v xv r v 81 •''V |v <• -I!) l\<. lirlT l! Hi.! P.- v >|tM |If|, I ;li T} I in.! Kv\ t'l .III" I I'li'H 1 111 p. •in" .in- i"\ u- .il.in l'iitr.i. I* •VIV a II 4'
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    • 320 7 A QUICK GUIDE TO SINGAPORE GOVERNMENT SECURITIES Investing In Government Securities is both sale and flexible. Safe because the Securities cany the credit of the Singapore Government Flexible because through these Instruments varying maturity options are available. A quick guide: SAFETY: Government Securities are about the safest investment going. The
      320 words

  • BANKING AND FINANCE
    • 602 8 Potential drawbacks highlighted NYT THE GROUP of Thirty, a study group of loading bankers and economists, has sxpresssd concern over the burgeoning market in Third World debt swaps, a business that major money centre banks, primarily Citicorp, visw as a way to rsduce loans
      NYT  -  602 words
    • 261 8 AP AN AMERICAN Archbishop and two other Vatican Bank officials charged in Italy's worst postwar banking scandal ars victims, not culprits, according to a Vatican official quoted by an Italian newspaper yesterday. "The real culprits are in another place and far from here," said
      AP  -  261 words
    • 290 8  -  By ALVIN TAY Banking Correspondent PARIBAS South East Asia will become the first local merchant bank to raise S$ funds through a note issuance facility (NIF) or revolving underwriting facility (RUF) when it signs s $30 million issue today. Its note issuance facility
      290 words
    • 263 8 Reuter COMMERCIAL banks in Kuwait have to cut the ceiling they piece on interest rates for customer deposits in a move that could make them more liquid and stimulate economic growth, bankers said. General managers of the banks also agreed at
      Reuter  -  263 words
    • 99 8 Reuter YASUSHI MIENO, senior deputy governor of the Bank of Japan, told a parliamentary committee session in Tokyo yesterday that the central bank expecta current signs of exchange rate stability to continue for a long time. Mr Mieno said exchange ratee are now becoming somewhat
      Reuter  -  99 words
    • 871 8 Paris Club an invincible hand that wields immense power AFP THE PARIS CLUB, the world's most influentisl grouping of creditor nations, has wielded immense power for 30 years, in spite of the seemingly overwhelming hindrance that it does not officially exist. You won't find any rules governing the Club's conduct,
      AFP  -  871 words
    • 315 8 UPI BOLIVIA and its creditor banks have signed a ground-breaking agreement that allows the country to buy beck its US$l billion of foreign bank debt at a fraction of the loan's face value. The pact, an amendment to a
      UPI  -  315 words
    • 471 8 NYT LEBANON was traumatism) last Friday by a sharp daclina in tha valua of ita currsncy, raising soma fsars that tha country was on tha brink of bankruptcy. Thars was panic on tha fraa exchange market as specuistors and small investors
      NYT; Reuter Photo  -  471 words
    • 253 8 Reuter A WORLD BANK technical mission has advised the Venezuelan government to cut fiecal spending, rsise bank intereet rates and provide more incentivee to exporters. Finance Minieter Manuel Azpurua said in Caracas that the mission, which ended a weeklong visit to Caracas
      Reuter  -  253 words
    • 167 8 Reuter THE Philippine centrel bank has been buying large amounts of US dollars in the pest few weeks to prevent the peeo from gaining strength sgainst the US currency, a Manila newspeper reported yeeterday. The Manila Chronicle quoted Finance Undersecretary Ernest Leung aa
      Reuter  -  167 words
    • 183 8 AP TWO UNIQUE Islamic gold coina, which vanished after being minted for Mogul emperors more than three centuriee ago, will be sold at a Geneva auction in Ootober. They are eetimated to fetch some US$l4 million. David Feidman of auctioneers Habeburg,
      AP  -  183 words
  • Page 8 Advertisements
    • 35 8 Public Lecture by SIR ZELMAN COWEN Lee Kuan Yew Distinguished Visitor Topic M Part I Tuesday, 14 July 1987 Venue: Lecture Theatre 13, Kent Ridge. Time: 6.00 pm ADMISSION FREE For Enquiries, Please Call: *****39,*****03
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    • 125 8 TAN CHONG TOWER SERVICE APARTMENTS 15 QUEEN STREET 'An ideal location lor your short slay in Singapore' Weekly basis WHMnCBD Telephone, TV, air-con, cooker, fridge. Muienware. household linen and housekeeping available "felex. secretarial and laundry services available Covered car park 24-hour security Types available: Studio $350 Weekly 1-bedroom $430 Weekly'
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  • Page 9 Advertisements
    • 226 9 NOW FROM NISSAN WABKANTY Starting July 1, we are offering a 2-year/40,000km warranty* with our wide range of models. That's because we build our cars to last Call it commitment we call it the personal touch. In anything we do, from design work, to production, to customer service, we give
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  • PERSPECTIVE
    • 518 10 INCREASED economic cooperation in Asean hat been the theme at the annual Asean Economic Minister* meetings for many years now. But inevitably, at the end of each of the meetings, critics would charge that the joint communiques were little more than hot air, all words sbout
      518 words
    • 837 10 The US Senate last week passed an amendment to a foreign trade Bill aimed largely at Asian countries that have huge trade surpluses with the US. The Economist analyses the political considerations behind the amendments to the trade Bill and the fallacy behind the
      The Economist  -  837 words
    • 371 10 The Economist THE MOST CONTROVERSIAL proposals In the trad* legislation being considered by Congress ars the amendments which would require the President to retslists againat thoas countries that run large trade surpluses with America. These rsst on two mistaksn beliefs. First
      The Economist  -  371 words
    • 717 11 NYT HARROO'S is holding its annual July sal* amid a crush of Americans who have descended on Europe this summer after a oneyear hiatus caused by anxiety over terrorism and the Chernobyl nuclear accident Beverly Merritt and her friend Pam Sherry were comparing prices of
      NYT  -  717 words
    • 991 11  -  By PHILIP STEPHENS "THE GREAT postelection wave imports" it the headline on the latest economic circular from a leading London securities house. It is a measurs of how the euphoria over Britain's sconomic prospects in the run-up to the June 11 general elections has
      Source: Nedo  -  991 words
  • Page 10 Advertisements
    • 216 10 Discover the legend this summer. JL amper yourself on a superb value-packed mini summer vacation from June Ist to September 15th. Because that's when Mandarin Oriental Hotels are offering ten great ways to discover the legend in some of the world's most exciting gateway cities. Each summer break includes a
      216 words
    • 5 10 Technology in BT every Friday
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    • 88 10 N: v D THE WORLD ON A PLATE ■$2388 Includes: RETURN HRBT CLASS All FARE 'Cooking demonstration using the microwave oven Welcome seafood dinner Lunch at Jumbo Restaurant Go as you please MTR booklet Visit jewellery factory Shopping at Stanley Market 3 nites deluxe accommodation in Hong Kong 2 nites
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  • Page 10 Miscellaneous
    • 538 10 I'D UKC sone FLORry ScR/V*iBl€Oi u\PTI)L OF MoT eGG, some mORhII»4G-GaTHGR6D o^' Thrge: OF SLIGHTuY CfclSP BPveoH akd TuiO Suices or GOLD6H TORST > s II a u a a a an a ■JH J a a CRYPTIC PUZZLE ACROSS 3 Drink on* tor sxcitsment! (5) 8 Rod and white
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  • Page 11 Advertisements
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  • Page 11 Miscellaneous
    • 1144 11 TOaGßaaoQ© FACES OF JAPAN Tha Story Of Noriko 10pm, Channel 12 Dick Cavett (right) plays host in this 13-part documentary series which explores the many aspects of Japanese society, culture and language. This week, the programme explores the role of the career woman and zeroes in on 21-year-old Noriko Otsuko
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  • SPORTS & LEISURE
    • 483 12 AP AFTER an unscheduled pit-stop, Nigel Mansell had to recoup 28 seconds on his team-mate and Formula One world championship rival, Nelson Piquet, if he was to win the British Grand Prix race tor the second consecutive year. He was chasing a two-time world
      AP  -  483 words
    • 392 12 AP BRITISH middle-distance ace Steve Cram and Said Aouita of Morocco, holder of three world records, head a list of athletes from 35 countries set to compete in the Nikaia track and field meet in Nice, France. The field also
      AP  -  392 words
    • 386 13 UPI TOP-SEEDED Mats Wilander beat fellow Swede Kent Carlsson 7-6, 6-1 in the finals of the U*****,000 US Pro Championship at Longwood Cricket Club in Brookline, Massachusetts, on Sunday. Wilander, second-rsnked in the world, bsttled bsck from a 2-4 deficit in the opening set to force a
      UPI  -  386 words
    • 132 13 Reuter JACK NICKLAUS rescued his son Jack Junior from a nightmare start in the British Open golf championship qualifying competition on Sunday. Nicklaus, champion at Muirfield in 1966 and then at St Andrews in 1970 and 1078, caddied for his son in the first of
      Reuter  -  132 words
    • 274 13 Reuter AMERICAN Mark McCumber dropped a 20-foot aagle putt on the par-live 15th hole to break away from the peck and then hung on to win the U*****,000 Williamsburg men's golf tournament by a stroke on Sunday. McCumber shot a five-un-der-par 67 for a four-round
      Reuter  -  274 words
    • 126 13 UPI BERNHARD LANGER of West Germany won the US$lOO.OOO first Belgian Golf Classic for the King Leopold II Challenge Trophy on Sunday by one stroks with a nine-under-par 137. Langer made a good impression one week before the British Open at the "winner takes
      UPI  -  126 words
    • 322 13 GARY PLAYER, denying anyone an opportunity to gain ground, shot a five-under-par 66 on Sunday to win tha US Senior Open with a 72-hoie total of 14-under-par 270 that •mashed the tournament record by nine strokes. Player won the title by six
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    • 167 13 AP AUSTRALIAN Rugby Union selectors on Sunday dropped tost captain Andrew Slack and hit deputy, Simon Poidevin, for the Bledisloe Cup clash against the reigning world champion New Zealand team. In a decision that shocked local rugby followers, Queensland State back rower
      AP  -  167 words
    • 261 13  -  By WALTON MORAIS SINGAPORE posted what was probably its best score ever in the history of the Putra Cup, yet only finished fifth among nine teams in the competition which ended on Sunday. Singapore carded a fourday total of 36-over-par 876 to finish
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    • 241 13 Reuter DAVIS PHINNEY on Sunday gave the US its first win in this year's Tour de France, taking the 228-km stage from Brive-La-Gaillarde to Bordeaux. Frenchman Martial Qayant remained the overall leader, 22 seconds ahead of his teammate Charles Mottet. Phinney, from Boulder, Colorado, last year
      Reuter  -  241 words
  • Page 12 Advertisements
    • 169 12 id wltoe, dim and 9999 JULY Enjoy a wide choice of specially prepared succulent steaks. Savour choice cuts of beef, salmon, turkey, chicken and veal. With wines by the glass to perfectly complement your selection. A Cafe Vienna Supplement. K COSY, INFORMAL CONTINENTAL At Blooms Continental Restaurant, you'll not only
      169 words
    • 123 12 Seconds are FREE and all bottle sales enjoy a 30% discount 01 m i-i vyqiyiM with his rich. ■dlwr song* during NAPPY HOUR from 5 pm 7 pm. After Happy Hour, two or the city's hottest bands. NEU PACES and CLASSIC, rave non stop throughout the night. And. the beer
      123 words
    • 180 12 DEUCIOZO HYATT Mama Mia! Pete's Place introduces more exciting gastronomic treats for all lovers of Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our ever popular salad bar. $10.60* EARLY BIRD SPECIAL A complimentary bowl of salad
      180 words
    • 213 12 You'll love our one-forone-and-a-half-bottle promotion at Club 5, during Happy Hours, from spm-Bpm, Mondays to Fridays." Simply order a quart bottle (that's the normal sized bottles) and get a pint bottle absolutely free! Sit back, enjoy the smooth sounds of the Velvets and savour the happiest three hours in town.
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    • 184 12 Daily afternoon tea and the latest in fashion at the Mezzanine Lounge Come see and purchase fashion apparel from preferred boutiques at the Mezzanine Lounge. Daily at 5.30 pm. There's a sumptuous tea buffet too from 3.00 to 6.00 pm. At only $12.00 per person. And that includes a chance
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  • Page 13 Advertisements
    • 288 13 in S3 it 11 Why Pepper Steak's a hot favourite Prepared with the best Prime U.S. Sirloin of Beef and priced at $19.50, it comes with a piquant pepper sauce, double-baked potatoes, grilled tomato and a green garden salad. If s a dinner that has all the makings of a
      288 words
    • 226 13 gppegsi ■BMM Spectacular views from atop the world's tallest hotel. At the Restaurant, choose from Continental cuisine. Or unwind at the Bar with specialty cocktails and snacks. Restaurant: 12pm 2.30pm, 7pm 11 pm. Bar: 1 lam 2am. Seafood Buffet Lunch: Mon Fri. 70th Floor, Westin Stamford. Reservations: 338 8585 ext.
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  • Page 13 Miscellaneous
    • 56 13 Play golf the Sevvy way raxely use A putte*. s?\ FAOM OFF THE Purr/NG A// A ZSZZTZXar VwW PUT ANY SPIN ON THE $hot;an£> therefore, /t /S ALMOST /MPOSS/BLE TO CONTROL THE t>/STANC6.. /t /s aerre/i to cn/p w/th A SEVEN- E/GHT Oft N/NE /AON. TN/S WAY YOU CAN PROP
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  • COMMODITIES
    • 425 14 Reuter THE RECENT SURGE in spot oil prices threatens Saudi Arabia's strategy of price stability and could lead the kingdom to raise its production or sales from inventory, US oil analysts said. "Saudi Arabia and Opec moderates do not want prices to be overheated
      Reuter  -  425 words
    • 151 14 Reuter CHINA, one of the world's biggest steel importers, cut purchases by one-third in the first half of this year through lack of foreign exchange and a fall in government subsidies, China Daily said last Saturday. A spokesman for China's sole steel importer,
      Reuter  -  151 words
    • 120 14 AFP NEW ZEALAND has sold its entire surplus butter stockpile in a 50,000-tonne sale to Brazil. Some 30,000 tonnes of the butter, melted down and sold as dried milkfat, have already been shipped. Before the sale under a contract agreed in September, the Dairy
      AFP  -  120 words
    • 196 14 AP A CALIFORNIAN daily newspaper will use 12 tonnes of newsprint made from kenaf in one of its 83,000-paper press runs. Billed by officials as the first full-scale printing of a major newspaper using Kenaf newsprint, yesterday's edition of the Bakarafiald Californian will mean that
      AP  -  196 words
    • 221 14 Bernama THE PRICE of certain classes of Malaysis's crude oil on the spot market is likely to rise shortly as a result of the increase of Opec's spot prices. Minister in the Prime Minister's Department Kasitah Gaddam told Bemama yesterday that Malaysia
      Bernama  -  221 words
    • 446 14 Reuter UGANDA expects a coffee harvest of 3.5 million 60-kilo bags in the current 1966/87 (Octo-ber-September) crop year, up from 2.7 million in 1985/86, according to chairman Makubee Makumbi of the state-run coffee marketing board (CMB). Mr Makumbi said farmers had given an encouraging response
      Reuter  -  446 words
    • 78 14 ASEAN crudes continued firm with recent spot dealt done at U5518.95/bl (Labuan), U5519.05/bl (Tapis) and US$lB.B5/bl (Sumatran Light). Far East products were gently firmer in line with crudes. Crude (FOB origin) uss/w% < Dotal UW9) 1743 W«t T«m Om*9* +aio wn (AxaJ 21Jt ♦OuM Products (FOB S'pore)
      78 words
    • 232 14 Crude palm oH Murw closed lower yesterday. July dropped M$13 to M$704 per tonne, August was also MS 13 lower at M$702 and September fell M$15 to M$606. Total turnover roee to 540 tots with open interests at 3,053 contracts from 320 with 3,022 contracts on Friday. Crude
      232 words
    • 78 14 THE Kuala Lumpur Tin Market price yesterday Ml eeven cente Id MtlUI per kMo on a lack of buying Mereat, In vary quiet tracing. Only 20 tonnee ware traded. Dealers aaid aM tie Hn available waa initima dtapoee at the current low levale. ueujlßLl
      78 words
    • 221 14 Reuter THE MARKET yesterday closed lower with August One RSS buyers quoted at 214.00 cents/kilo, down two cents from lest Friday. On the TSR-20 market, trading waa very quiet throughout the day and prices eased in line with the RSS market. TSR-20 August and September doeod at 101.50 cents/kilo,
      Reuter  -  221 words
    • 164 14 Chinos# Product 5»Iti' noon daring prl lew My 13 (SI/100 kg) Coconut oil Mk FOt 97.00 Otd drum FOt 107.00 Nvw dram rot 111.00 Copra Mud (low) 58 POPPOT Mbn FOt M.W Sorowak whMi 1140.00 FOi foq NLW 1125.00 Sorowok ipsdai block FOi NLW Sorowok Ada 920.00 block
      164 words
    • 267 14 RAS prices MMg.ro IB Ml M NOON CLOSE to 1 RSS fremf M|VII ***** *****N Bvyin ***** 217 JON to 1 RSS Aug 87 ***** ***** ***** ***** to 1 KSS Sap 214J00 ***** ***** ***** tat 2 RSS Of ***** *****N ***** *****N to 3 RSS
      267 words
    • 80 14 IcwtOv. I'M P«M AUGUST 87 mofilh} SErm ABB 87 RAS NOON NOON tujgn Mn biwi S*n SSI 20 IMJOO IMuOON 1S7J00 1 V9j00N SSI 50 1MJ0 1S750N 1M50 1M50N MRELB tvyrn Stln SrfM SMI CV 270.00 *****N 271 JOO 27X00N SMI I ***** 272J00N 271 JOO 27X00N
      80 words
    • 392 14 HONGKONG: QOLO yesterdey closed slightly lower in fairty quiet and dull trading in the absence of freeh factors, dealers said. They said gold continued to be overshadowed by the strong US dollar but late buying by local physical traders pushed gold slightly higher to cloee at the day's
      392 words
    • 475 15 Resin shortage Petronas holds key Polyethylene plant will help, say industry circles MBT PETRONAS, the national oil corporation, holds the key to solving Malaysia's problem of resin shortage, in particular the demand for polyethylene, industry experts said. They beliefs that if the corporation can set up a plant by the
      MBT  -  475 words
    • 316 15 UPI PLASTICS will continue to replace glass, paper and metal in packaging and other consumer goods, and wiN be deployed more often at the expense of metals in structural usee during the next 13 years, according to a study for an industry
      UPI  -  316 words
    • 327 15 Reuter THE SOVIET UNION paid the equivalent of US$l6 billion for food imports in 1906, 27 per cent leas than its 1985 food import bill, an official newspaper reported last week. Selskaya Zhizn, quoting foreign trade ministry figures, said a comparatively good
      Reuter  -  327 words
    • 241 15 UPI FORECASTS for the Soviet grain harvest this year have been lowered by the London-based International Wheat Council (IWC) in its monthly review. Estimates released last week have reduced the 1967 harvest by 5 million to 195 million metric tonnes and the IWC believes that
      UPI  -  241 words
    • 625 15 Reuter PRESIDENT REAGAN s call last week for a phase-out of farm subsidies by the year 2000 has found few enthusiastic supporters, but may bolster the chance of a global agriculture agreement. "I think our proposal crystalises the discussion and focuses some attention on
      Reuter  -  625 words
  • Page 14 Advertisements
    • 58 14 Announcing the change of the main switchboard telephone numbers of SEMBAWANG HOLDINGS PTE LTD SEMBAWANG SHIPYARD LTD SEMBAWANG ENGINEERING PTE LTD SEMBAWANG SHIPPING CO PTE LTD SEMBAWANG CONSTRUCTION PTE LTD from *****11,*****21 and *****61 to Effective tomorrow Admiralty Road East Singapore 2775 Sembawang P O Box 3 Singapore 9175 Cable:
      58 words

  • Page 15 Advertisements
    • 1416 15 J. P. Morgan Co. Incorporated Parent company of Morgan Guaranty Trust Company of New York Consolidated statement of income 1986 In millions Interest income from: except s ha re data L 0 5"" Deposits with l>anks 764.7 Federal funds sold and securities purchased under agreements to resell 236.4 Investment securities
      1,416 words

  • STOCK EXCHANGE OF SINGAPORE
    • 3670 16 SHARE PRICES andod mixed ysalarday aa prom, taking in tha aftarnoon psrad off gains mada in N oarly morning but that tailod to provant tha ST todax from chalking up anotnff record rwgfi. At tha cioaa, tha Straus Tlmaa Induatrial Indax roaa 7.7
      3,670 words
    • 194 16 SINGAPORE Rteot In disss Mr M *»r >1 1223.13 *****V ♦312 ♦Ml •S34C -5234 -4443 -5423 14NM3 *****44 1371.21 1374.91 *****7 3931 >*4 441 XT tftTt ***** ***** 391.99 291.99 *****9 *****1 447.79 ***** 1417.13 *****7 444.12 ***** MMIUNT 1A MtNi ax? UOI m*mrnm OCIC m hmt
      194 words
    • 4018 16 JJJJ am (247 b 24 s ni asi ob 24 a 24 oo 2a os 24 oo 24 a 24 a 24 a 2» ns iMaiiMOßTfiatHMan ut aui M SM St» Q.MB 111 247 asn 1» a m m 291 o> i* its m m
      4,018 words

  • COMPANY NEWS
    • 458 17  -  By ROSIE TAN STOCKBROKING FIRM Ong and Cq hat finally obtained the approval of ail of its 34 creditor banks for its proposed link-up with Bangkok Bank and Gulf International Bank. The two banks will each take a 24.5 per cent stake,
      458 words
    • 92 17 AMALGAMATED Steel Mills Bhd (ASM)'s wholly-owned subsidiary, Umstrsc Enterprises Sdn Bhd, haa obtained approvals from the Malaysian Ministry of Trade and Industry and Foreign Investments Committee to buy 70 per cent or 3.78 million shares in Kobin Motors Sdn Bhd for M 52.68 million cash (71
      92 words
    • 814 17 Reuter THE HONGKONG AND Shanghai Banking Corp (Hongkongßank) is expected to meet its 1967 profit target in spite of a US$4OO-million bed debt provision by its 51 per cent owned Marine Midland Bank unit Chairman William Purves said the bank would make
      Reuter  -  814 words
    • 663 17  -  By NAJEEB JARHOM SUGAR KING Robert Kuok Hock Nien, who recently came to the rescue of Tan Sri Khoo Kay Peng's Malayan United Industries group, haa come up with a novel idea to merge his three Malaysian listed vehicles Perils Plantations Bhd
      663 words
    • 576 17 PROPERTY TYCOON Ng Teng Fong is to take a hard look at his latest scquisition publicly listed Ming Court Hotel Ltd whose main asset is a hotel of the same name in Tanglin Road. The choice is whether to continue to
      576 words
    • 251 17 Managers' prion >($) MARA-Bumiputra for July 14 Fiat 8'putra 7 3> 7.44 Singapore Unit Trust Sacond B'putro Tlwrd B'putro 656 600 640 5 OS Tha Com—fo 121 IJB Four* 8'putra 441 6j0» Tk* Savings Fund 1 04 III FJWi 8'putra 396 401 S'pora Prof Fund 0.49 053 Sarifc
      251 words
    • 206 17 Mycom details savings from stoppage MYCOM BHD, formerly known as Toshbar Corp, Mid the discontinuance of its manufacturing operations will save it about M$300.000 a month in losses. In reply to a KLSE query, it said that its remaining business is rentsl of its flatted factory in Petaling
      206 words
    • 528 17  -  By LISA LEE IN WHAT could evolve into a complicated court case, Hongkong broking firm Chintung Securities Ltd has denied obtaining a HK55.23 million loan from Singapore investor and businessman Lim Ban Thoon. In a statement issued yesterday, Chintung said the loan
      528 words
  • Page 17 Advertisements
    • 217 17 HOW HARD Ml TOUR MOOT —WORK FOR yOll UoW W; 4. £1 W* tun If you had invested $1,000 in the Union Singapore Fund on 1 July 1986, your investment would have been worth $1340 on 30 June 1987. Almost double in just one year! The Singapore stockmarket, reflecting the
      217 words

  • REGIONAL MARKETS
    • 3482 18 BULLISH SENTIMENT peraiatad on tha Kuala Lumpur stock market yaatarday, lifting pricee to higher levela acroaa tha board in haavy trading. Intarmittant profit-taking in aarly morning trading appaarad wall abaorbad and tha all-round buying Interest took a broad apactrum of counters to a better
      3,482 words
    • 112 18 HONGKONG Al Industrials 2K&3 2784.1 *544 Hongkong Mondoy W Mdoy mua WMk o«o ma •day f ■k 090 NEW YORK Hang Song Indox Monday Md Mdoy 3007-21 n» WMk 090 ****** yy« Dow Jonot ■v nday •k 090 24S6W Ml 21 dnad TOKYO Nfckol Avofogo £2 Monday 3411*01
      112 words
    • 342 18 Returns up by 100 per cent Bernama BLACKMARKET FUNDS ara behind tha unusually high turnover at tha Manila Stock Exchange ainca a month ago. Slock markat aourcaa sakJ that monay praviouaiy uaad in spsculating on lha focaign awchawga rata hat movad to tha stock martrat
      Bernama  -  342 words
    • 132 18 Reuter GREAT EAQLE CO Ltd hss bought two unoompietsd propertiss from Cheung Kong (Holdings) Ltd for HK5446.52 million seconding to s statomsnt «sued by Greet Eagle. Mvinwnitf, mf nongßong coonomic Journal said Greet Eagle may apsnd sn sdditional HKS3OO million to aoquirs fists st Hong- kong's
      Reuter  -  132 words
    • 334 18 TOKYO: Pricos clossd mixed in thin trada ysatsrday aa Invsators mad a small adjustmonts to thoir portfolios, whlls no hard nsws emerged to stsar ths market in a daar diraction. Tha markat Index cloaod 15.02 hlghor at 24,118.01, altar aarHar climbing to 24,240.88. Advencoo lad dadtnaa flvs to four
      334 words
    • 363 18 HONGKONG: Share prices recovsrsd to end ■toady ysstsrdsy on buying by Individual In tho afternoon. Tho Hang Song Indox gainod 8.90 to 3,216.11 aAer losing noar 20 points at on* atago. Tho Hong Kong In* dox was up 4.82 at 2.081.42. Turnover totallad HK81,103.7 million. Brokors notod hoavy bargain-hunting
      363 words
    • 44 18 mT n SSSW -0.0098 Aoote MMng. PNt OiiUM—0.M unch ££mmtm 17.7.".".'"" atso ♦o.oia pmmB. Mi +0.M ®ssl gg«—im :L r—- ar'- s. r&m •wwwat Can. ft. 1® Hum Darby 41 J* +1 nm'PNIHMpft 14.?» -0.4 M4 +0 01 J® IBS. ZZ MM «men
      44 words
    • 219 18 JULY n AJI Mwin MM... Atta CUMflL Catwy Com. NTS 4.32 40.00 70.00 0J4unoh 4 Kueahan Oav. Laa Chang Yuan Cham tnaua. lian Mm Maa. ...37.00 ...32.00 23.40 ♦2.0 -OJ anah Chang Hwa M*... CMn Hrtn Flour -.•140 ....40.70 ...oojo is to 4 0J 1.1 aneh MM 1® PacMc
      219 words
    • 105 18 AFP THE NUMBER of Ineotvenciee in Hongkong foil 16 por cent from a year earlier to 306 in the tlx months to June according to the British colony's registrar general Noel Olssson. The lalset figure, comprising 136 compulsory wind-ups end 167 personal bankruplctee, reflected "the »ood
      AFP  -  105 words
    • 451 18 Reuter SYDNEY: The Auetreiian ahara market doosd sharply higher yesterday but off the day'a higha as lata pi em Eking took tta edpa off earty gains. Broter^MddJnvaslm government the tfmmbe up in earty trading, flooding ths market wNh buying ordara. But late aelllaf emerged aa Ssptembsr ahara Index toturae
      Reuter  -  451 words
  • Page 18 Advertisements
    • 355 18 NOTICES IN THE MATTER Of THE COMPANIES ACT, CAP. SO PURSUANT TO SECTION 2900<b) AND IN THE MATTER OF N 111-a; i u. PTE LTD At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road, #12-01 12-11 Golden Mile Tower. Singapore 0719
      355 words
    • 378 18 i OFFICIAL NOTICE PROPOSAL TO CHANGE SHIP'S NAME We, Quality Materials Trading 1 Pte Ltd, a Singaporean Company having oar registered offloe at 230 Upper Buklt Timah Road #04-13 Singapore 0410 hereby give notice that we have applied to the Registrar of Singapore Ships under section 417 of the Merchant
      378 words
    • 396 18 lath* Matter of fee Companies Act, Cap. 80 la the Matter of NOTICE 18 HKRKBT GIVEN pursuant to Section 80S of the Companies Act, Cap. SO that ths PINAL GENERAL MEETING of Member* of the abovenamed Company will be held on Friday, August 14, 1907 at 10.00 a.m., at The
      396 words
    • 313 18 In the matter of THE COMPANIES ACT, CAP. 90 PR. LTD. vfliH I* fl \*j M RESOLUTIONS 'At an Extraordinary General Meeting of the Members of the Company duly convened and held at 1 Bonham Street #31-08, UOB Bclldlnr. Singapore 0104, on »th July 1007, the following Special Reeolatlone were
      313 words

  • INTERNATIONAL COMPANY NEWS
    • 398 19 Biggest of its kind so far NYT KOHLBERG, Kravia, Roberta jjrCo, tha leader in arranging leveraged buyouta, is creating what would be by far the largest "fbnd to finance buyouts. The firm is seeking to build a "Wuyout fund of US$5 billion -«more than double
      NYT  -  398 words
    • 632 19 NYT SCORING major sucfirst in the manufacture ~and then in the retailing of casual clothes, Italy's Benetton group is diversifying into the realms of financial services and merchant banking. A new line-up of financial i products was introduced last week with all the
      NYT  -  632 words
    • 260 19 Reuter "CATERPILLAR Inc expects full l 'year 1967 results to be higher 1906 earnings, despite a decrease in second-quarter profit. The company made no 3 precise earnings estimate. -<r». In the 1966 year, the company learned US$76 million, or 77 **>%ents s share,
      Reuter  -  260 words
    • 280 19 AFP FRANCE has agreed to finance 13 industrial projects in China this year worth 900 million French francs (US$l46 million). Announcing this in Beijing, French Foreign Trade Minister Michel Noir said the aid was covered in a protocol signed last Friday under the
      AFP  -  280 words
    • 635 19 NYT SOMEONE is accumulating stock in Gillette Co. according to Wall Street professionals, with their speculation centring on Irwin Jacobs, the Minneapolis millionaire and corporate raider. Mr Jacobs has declined to comment. Last week's buying was the second flurry in Gillette stock in a
      NYT  -  635 words
    • 562 19 NYT THE SECURITIES and Exchange Commission (SEC) of the US has widened its investigation of the poesibiy fraudulent sale of municipal bonds to include about 60 issues, many of them marketed by major Wall Street underwriters, according to published reports. As
      NYT  -  562 words
    • 589 19 NYT AUSTRALIAN financier Robert Holmes a Court, who has accumulated 9.5 per cent of Texaco Inc's common shares, might increase his holdings to as much as 15 per cent in the near future, raising the question of whether he intends
      NYT  -  589 words
    • 96 19 Reuter MERCANTILE HOUSE Holdings PLC said talks announced last week which could have led to a bid for the company had been ended. The announcement pushed the broking, banking and fund management group's shares down 80p to 410 p. It gave no further details and
      Reuter  -  96 words
  • Page 19 Advertisements

  • 836 20  -  By BRIAN GOMEZ in Ad«lald« AUSTRALIA'S National Companies and Securities Commission (NCSC) has denied allegations that it has been involved in "character assassination" of Malaysian entrepreneur Lee Ming Tee. The allegations "were simply not true", NCSC executive director Ray Schoer told Australia's newly launched financial
    836 words
  • 269 20 AP A MAJORITY of people in Asean expect greater economic and technological aid from Japan, a Japanese Foreign Ministry survey revealed yesterday. The poll, conducted in February and March this year, showed that 64 to 90 per cent of thoee surveyed listed
    AP  -  269 words
  • 416 20 Reuter SOUTH KOREAN President Chun Doo Hwan yesterday carried out a major Cabinet rsshuffle, naming a new Prime Minister and relieving ministers who had doublsd as officers of South Korea's ruling party. The rejig, involving changes at the key Interior, Defence
    Reuter  -  416 words
  • 308 20 Bernama ES THE MALAYSIAN Trade and Industry Ministry has released guidelines to ensure the smooth implementation of the Investment Tax Allowance (ITA) provided under the Investment Promotion Act, 1966. A ministry statement said that in the past, there had been ambiguities in the level of
    Bernama ES  -  308 words
  • 121 20 Bernama cs MALAYSIA'S Malay Chamber of Commerce and Industry has proposed a two-year moratorium on loan repayments and the creation of a special revolving fund to assist bumiputra entrepreneurs facing problems, a Bank Negara statement said yesterday. The statement was issued after a discussion between the
    Bernama cs  -  121 words
  • 56 20 Reuter SUFFERING FROM headaches, insomnia or high blood pressure? A herbal pillow just invented in China could provide a cure. People who had slept on the pillow, stuffed with herbal medicines, said their condition had improved. The China News Service also reported yesterday that 100,000 pillows are
    Reuter  -  56 words
  • 215 20 Bernama JOHOR STATE is second after Klang Valley in terms of the highest number of manufacturing projects spproved nationwide. Johor chief minister Haji Methyl dd in Yassin also told industrislists in Johor Bsru yesterdsy that, for ths first thrse months of this yssr,
    Bernama  -  215 words
  • 316 20 NOMURA FUTURES (Singapore), currently a corporate non-clear* ing member of the Singapore International Monetary Exchange, has become the first Japanese financial institution to be granted in-principle approval for clearing membership in the exchange. Approval-in-principle was also granted to two companies for
    316 words
  • 298 20 Local instruments planned SIMEX is considering moving into Singapore dollar financial instrument* in th« future, so as to be of more direct relevance to local businessmen. This was disclosed yesterday by Mr Ng Kok Song, director (bonds and equities) of the Singapore government investment arm, Government of Singapore Investment Corporation,
    298 words
  • 81 20 COMEX QOLD futures opened slightly firmer yesterday with trading dominated by locals, some of whom were taking profits on the short side from Isst Friday. Steady crude oil and the US dollar were supportive. The market was expected to trade quistly ahead of tomorrow's monthly US trade data.
    81 words
  • 65 20 Reuter WALL STREET stocks fell after a mixed opening yesterday. Analysts said some selling followed the report that former national security adviser Poindexter wrote a memo saying President Reagan had been told of plans to use profits from Iran arms sales tor covert uses other than helping
    Reuter  -  65 words
  • LATE FILE
    • 39 20 AFP MALAYSIA will ask the UN Conference on Trade end Development to support ell efforts to halt protectionism and revive businees, Deputy Trade and Industry Minister Dsto Kok Wse Kist said yesterday. AFP
      AFP  -  39 words
    • 42 20 Bernama ES THE ASSISTANCE of foreign embaaaiee and trade missions in Malaysia is being sought to explain the export regulettons of their countriee to Mslaysisn sxportsrs, Trade and Industry Minister Datin Paduka Rafidah Aziz said yestsrdsy. Bemama
      Bernama ES  -  42 words
    • 39 20 AFP THE VALUE of foreign Investment projects approved by the Taiwsnsss authorities in the first half of this yesr sosred 157.0 per cent to U*****.8 million, en inveet ment commiesion officisl sekl in Tsipei yssterdey.
      AFP  -  39 words
    • 58 20 AFP ALMOST 100,000 industrisl units in Indis with s combined cepital investment at US$l5 billion ars hit by "corporsts sickness". Production bottlenecks, labour unreet. rising prices, electricity end raw material shortagee and restricted demend have hit 90,700 industrial units, said a report by the National
      AFP  -  58 words
    • 31 20 UPI CHINESE courts hsve proeecuted more then 8,000 ceeee involving economic crimee worth US$27 million thie year and proeecuted nearly 200 Communiat Psrty members for bribe-taking. UP!
      UPI  -  31 words
    • 39 20 AP COMMANDER-IN-CHIEF of the Royel Thai Navy Admiral Tada Ditbanjong visited the Malaysian Defence Minietry yeeterday end hekf talks with Defence Minieter Tengku Ahmed Rithauddeen snd Chief of Defence Forcee Genersl Ghazali Che Mat AP
      AP  -  39 words
    • 27 20 Reuter THREE military officer» were yesterday being questioned about a plot to overthrow President Corazon Aquino and rsstors Ferdinand Marcos to power. Reuter
      Reuter  -  27 words
    • 30 20 AFP BRITAIN last year leapfrogged the Soviet Union and Franca to become the world s second-largest arms exporter behind the US, The Time* said yesterday. AFP
      AFP  -  30 words
  • Page 20 Advertisements
    • 83 20 Only at Scruples Explore Scruples. Discover designer originals in rattan and wicker. A dream collection of the classic and contemporary. All handcrafted to capture your imagination. Elegance in furniture. Come to Scruples. But come preparedto fall in love. At Scruples. Only the finest. Business hours: 10am 6pm: Tuesday to Saturday
      83 words
    • 132 20 Where canyon enjoy two meals for the price of one? i m 14 "m W V'/ Hryour NEW EXTENDED MENU at Meisan x Incredible? But it's true! Each time you have lunch or dinner at Meisan. you stand the chance to win a FREE meal, valued at exactly the same
      132 words
  • Page 20 Miscellaneous

  • SHIPPING TIMES
    • 438 21 NEDLLOYD will revamp its Far East-East Africa service shortly in an attempt to better its transit time. The existing conventional cargo East Africa service operated jointly with Mitsui OSK will be terminated in September, three years after it was formalised. In its place
      438 words
    • 197 21 Cargonews Asia THE PHILIPPINE Maritime Industry Authority (Marina) wants a SO per cent share in the transport of the country's exports and imports by Philippine flag vessels by 1900. This is contained in Marina's medium-term development plan for 1967-1901. To
      Cargonews Asia  -  197 words
    • 212 21 THE INTERNATIONAL Maritime Prize for 1986 has been awarded to engineer Moustafa Fawzi of Egypt. The decision was made by the I MO council at its 58th session. Mr Fawzi has had a long involvement with many aapects of IMO's work since 1970. He has been
      212 words
    • PORT SIDES
      • 106 21 Reuter SUEZ CANAL revenue roee in the first six months of this yesr to US$57O million from US$546 million in the seme 1966 period. Egypt's Middle East News Agency said. It quoted canal authority chairman Ezzat Adel as saying the rise was due to a new
        Reuter  -  106 words
      • 125 21 ELEVEN SAILORS surrendered to police in Shanghai last week and admitted to stealing 10 tons of plaatic raw material worth more than US$lO,OOO, a Shanghai newspaper reported. The crew of the Mo 37 Haijiao from Fujian province admitted to stealing 10 tons of plastic raw
        125 words
    • 771 22 AP EIGHT MILLION tons of shipping have been lost in attacks by Iran and Iraq in the Gulf, amounting to one third of the total merchant shipping tonnage sunk during World War 11, experts say. The' statistics compiled by
      AP  -  771 words
    • 121 22 MR GEOFF HALL, the UK representative of ttie International Maritime Satellite Organisation, has been elected chairman of the Inmarsat council. He succeeds Mr John Feneley, of Canada, who was chairman tor the past year. Taking over from Mr Hall as vice chairman will be Mr Hideo
      121 words
    • 452 22 UPI ALASKA'S biggeet oil spill has forced the partial closure of waters where fishermen expected to begin catching up to US$75 million worth of salmon last week, Alaskan officials said. State officials told a news conference that they
      UPI  -  452 words
    • 223 22 AP EIGHT STOWAWAYS have been riding the high seas in a legal muddle, stuck for six days on a cruise ship that makes daily trips between Miami and the Bahamas and not allowed to disembark at either port. "They're living the good life right
      AP  -  223 words
    • 628 22 AiSlipg V 5 Kyowa line IV 1 ABC CoiMwc VM 1 leyte Nov VI Accord Shpg VI 3 lion Heat IV Africa Ocean X 2 lin Un Shpg IV AKtram VI 3 logistics Tpt X A—item Tpt X V* I Brasflniro IV Anro Strvia IV 2/3 Uoyd
      628 words
    • 183 22 Reuter A FRENCH container ship, the Ville d'Anvera, cam* under machine-gun and cannon fir* from an unidentified vessel in the Gulf yesterday, French Defence Minister Andre Giraud said. Speaking on Radio Monte Carlo. Mr Giraud said no casualties had been reported after the attack.
      Reuter  -  183 words
    • 1082 22 NORTH AMERICAN grain export fixing on the London shipping freights markets ended the week on a brisker note Friday es numerous openings were filled for North Africa, South America and the Far East Coal and iron ore sectors remained relatively quiet and time-charter operations developed in low-key fashion.
      1,082 words
    • 173 23 THE MAJOR shipping consortis operating between the Far East/European, Far East/Persian Gulf. Straits ports/Austrslis, 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 Nstionsl Line Austrslia/Straits Container Line
      173 words
    • 164 23 THE KOREA Maritime Ports Administration is resuming registration of forwarders, agents and brokers from this month, says a Seatrade Week report Registrstion haa been suspended since March 1965 in order to ease cut-throat competition from newcomers, but with the government opening
      164 words
    • 451 23 Reuter SHIPOWNERS in the Netherianda have won the right to uae "mixed" crews of Dutch and Aaian ratinga on their veaaeta under an agreement with the country's major seafaring union. The deal between the owners' asaociation KNRV and the Dutch aeafarars' federation FWZ follow»
      Reuter  -  451 words
    • 281 23 THE INTERNATIONAL Transport Workers' Federation has warned non-Norwegian shipowners not to transfer vessels onto the new Norwegian open register. The London-based ITF has repeated Its threat that any ahips switched to the Norwegian International Shipe (NIS) register which are not Norwegian-owned will be
      281 words
    • 291 23 Sea trade Week THE FEDERAL Maritime Commiesion approved amendments to service contract regulations recently. Theee amendments, due to be published in the Federal Register and to become effective 30 days after that include the stipulation that the FMC must be notified within 30
      Sea trade Week  -  291 words
    • 66 23 Reuter RESCUE BOATS and a heiicopter sesrchod for SO peopis missing after an overlosded tarry sank two days ago In rough aaaa off the Central Philippinea, drowning at least eight passengers. Three US Pescs Corps workers on the St Christopher won praiae for awimming skm to
      Reuter  -  66 words
    • 266 23 AFP INCREASED tension in the Gulf where more attacks on neutral shipping were reported during the pest week sew owners less willing to loed st northern terminals in the area. Charterers were forced to concede firmer rates in consequence, particularly since the number of larger units available in
      AFP  -  266 words
    • 217 23  -  ■y Kingsley Wood AS PART of the TNT worldwide group of companies which specialises in moving people end produces by roed. reil, see end air, the Australien materials handling systems division is instelling "systems of tomorrow" in fectories end warehouses. The division's generel manager,
      217 words
    • 57 23 "K" LINE has been re-allo-cated the large container berth at Kobe's Rokko Island, which was previously taken up by US Unee. The new berth, RC3, gives the line more space to work on. It is 50 per cent bigger than the present terminal and has
      57 words
    • 8515 28 A guida 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
      8,515 words
    • 397 29 AT CONVENTIONAL WHARVES f«nw KEPPEL WHARVES Douiot Equator Hattonon Moru Hugfcevweff Jwwho Kirudhooni Koto Angkoto Kota Wiramo Nakom Kamm 2 ftitriao Trd Simon Shown Bontro Tram Fjord Tram Ha* Vivian Sphiru kfbar Nora Eo*tar« Glory Eng Tow 95 GK Obey laobwimo "vwoko joyo jiNwti m StraMl Vontwra
      397 words
    • 854 29 RECEIVINQ OF EXPORT FCL CONTAMERS Al 40 LCL CARGO OdM FCL Ship Arrival LCL cargi movement Voy dati/Kir m Operator > achadula Location Sinota 955 *****7 1600 S Contort F8 0700-0800 P2 -5 El P4 Ac* Concord 9E 14.0757 1600 SCAPl F5A 0700-0000 Gold Hillo 50W 14.07.87 2100
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  • Page 21 Advertisements
    • 849 21 How S.E. Asia upwt thr logical West HILARIOUS TRAGIC DANGEROUS. Si fO if IE i vji J V J Available at all Good Bookshops Cmtnitm Line NORTH AMFRICA ATt ANTIC FXPRFSS (ROUND THF WORLD ROUTING JARDME SUPPING AGENCIES (Rof. Nr. VOW 00K> ttlll# MO tmtumm* RoM ftt-06 Swpßara (801 Miff/
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    • 78 21 MDS EIGHT MILLION tons of shipping have boon lost in attacks by Iran and Iraq in the Gutf, amounting to on* third of the total merchant shipping tonnage sunk during World War 11, experts say. P«g« II SHIPOWNERS in the Netherlands have won the right to use "mixed" crews of
      78 words
    • 758 21 FESCO LINES TT- FAR-EASTERN SHIPPING COMPANY Ragular SarvicM To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE MEDITERRANEAN SERVICE INAUGURAL SAILING "LUNA MAERSK** VOT 8710 etd Singapore 16.7.87 Tha week Luna M Dosing Time CY 15/7 2300 MRS CFS 15/7 1300
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  • Page 22 Advertisements
    • 325 22 EUROPE/FAR EAST CONVENTIONAL SERVICE TEL: 03-*****90 Malaysia son. BHD. TLX: ***** MTM Frt Booking contact Miss Gan VSL SAN JIANG KOU ELEFTHERIA II KANYATIS TIN TIN Avilet-MMdlesbrough-lmmingham Luebeck/Szaecin Immingham-Hamburg-Antwerp PT. KLANQ BP an as i/» v» an Further load/ discharging porta an route subject to sufficient inducement. Singapore Off** MTM
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    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association
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    • 318 22 CHARGEURS REUNIS AL£!L»JAL<^Ai±-j3'J 1 m: ;.v,l C» ABIDJAN CM POINT* NOIRE N .APPPf Kt I :tO!f f 1-1 f A l rront la-rei In n 23 M 12 Ami 71 A«f LOADING DIRECT FOR; LA-REUNION P NOME PSENTHJ LIBREVILLE DOUALA OOTONOU LOME SJal 2 Aa| «Aai AH HAa 11 AM
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  • Page 23 Advertisements
    • 577 23 ■fly The Straits ■Jf Steamship Group [jjgfj Mansfield Container ■Bg Shipping Pte Ltd STRAITS SHIPPING Singapore to Sabah, Sarawak, Bnmai Ports and Bangkok COHT/UNERSHP SERVIC£ TO UK/COWTWEWT: wcmaiat ratio Exmss COY EOIMURSH r*an P.Nm| total up W BP V np IV 1M dp bp m an CrnVEWMUMH I Wff MB
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    • 643 23 n EUROPE MED 5H8H35 BCJuILIIJHinOCriB [^rMrFifTT^nrrirtrirTiiuifi ii ■rXn'TMrt^riTin^rtTi Eijt^mMrtTfrmirmirmi ii m 41 ee m EE 717 B 7H ***** EE m ***** 2LM tUI aji •417 Ml 7 14J7 HJ7 tIJ7 <717 HJI MJI IUI C mm m USA/PANAMA [:A_JhI.»aJhiLJLILILAI«IIILB M 711 17J7 2117 2SJ7 mm turn iui mji ■A
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  • Page 24 Advertisements
    • 375 24 CONTAINERSHIP SERVICE TO UK CONTINENT H'burf B'havon A'worp LiHivrt 4/1 M 7/1 M S port PK Frankfurt Uprtu 14/7 IJ/7 S port PK S ton 14/7 11/7 2/1 29/7 21/7 W 21/7 21/7 ISA 4/1 M 23/1 7/» 2/» 11/1 13/1 30/1 17/1 1M 5/1 23/» 2S» W 2M 3M
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    • 652 24 zl FULLY CONTAINERISED SERVICE fTO EUROPE VIA St)f Z M?mhf ol lhf Cf Co"so<l»im FROM [JROPF VIA SUf/ Member ol Ihe Ace Corrsorlii •FDRARJTHER VESSEL ACD JE/PACIFIC PROSPERITY ME 14/7 IM ItE/KOREAN WONIS SUN ME 21,7 LCB 52E/KOREAN WONIS ONE TIE W OCH ME; KOREAN WONIS ONE 71E 1/1 KJJ
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    • 386 24 SAILINGS EVERY MONDAY L'jij.n.i'ivfv jii'.'n; I Jf.'T nrr BUNGA PCRttAI 29 DORINGIA 743 rfffT"" 0 £552® («-0- FCL) FOfl: DAKAR. FREETOWN, MONROVIA, ftHITIAN. TENIA I OMR LAOOS DOUALA LOMt Snip.ipnn' flppiit', HAhKi \IMI DARKY SHIPI'INIi f'll III) l.i '»lox« 'i <.'♦> |B INDIA STEAMSHI EXPRESS FCULCL fortnightly contamer service TO
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    • 758 24 L EVERGREEN Round-The-World East Bound (FE/CARIB/USEC/EURO/FE ua cm un an an an v* aa as vi 7* llfl MX I*l an an 31 c West Bound (FE/EURO/USEC/C ARIB/EE) SGP HK FIX EVER MINING M/ 7130 15* 17* M M V K* V SSSSS VBS £is3il|%%%iSB l B<S ever Swoem at
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  • Page 25 Advertisements
    • 664 25 w PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE MAJARAMIT •OVA KOTA SMMA KT MY SIN HKQ KAO KIE HUR *MTC *YOK NOO KOB MM ltd In PI 17/7 21 f7 Tin 25/7 30/7 1/i 3/» VI U an un atn
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    • 133 25 m m iil TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL Z22M66 MAI AYSIA SP YEO SHIPPING I TPADING KL P* KBBlOl PfNANG TANfUNG MARINE SDN BHD TTI tfSSK SABAH TRANSPAC K K W488.77U48 H AUSTRALIA/PNG SERVICE For EnquiriM/Bookings: Tel: *****87/8 *****43/ *****79 KIMTa
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    • 546 25 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT m Nil is/7 an nn an on nn an ad an 0 VI UA UA T«tap tor TaM Eipraat City af IMt STON NM B'HAVEN ROM w a a ua ma tm J* w m an on an an an «a a* an
      546 words
    • 555 25 3 < rr VESSEL/VOY CAN DA BHAKTI L. J. BONTANG/ sriwuava/zim AKTinawt ang/itwb fflm MP S'PORE BILBAO BREMEN A'DAM/R'OAMH'BURG 23-75/7 20* 2M 2M 15-17/S li/1 W 22/1 zj-ZVI nn an vn 1/10 Subfact Id todacNitunt Atoo acMptu cargo to CRRRfctowca. Port Said, Port Alexandria. Onoa, Trtooto. ALSO ACCEPTING BOTH CONTAINERS,
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    • 341 25 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR LO4KAV Via M AN VII3N HTONEYWA VZ2SW PAGAN VIIM T J. V T~"T T 'If (Burmese National Line) Loading for Rangoon S'por* P.Kdang Panang Bangkok l*aj«ty Vl* M, »P2 My 3D Jd/i Ami SS BANK UNE «1 EXPRESS i 'ALKNORTHBOUND TO UKC SPORE ROAM
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  • Page 26 Advertisements
    • 1243 26 fITLfInTIC COAST (Round-The-World Service) •PK/PNG SPORE LB CHLS 0. FRIENDSHIP V 3 SLD 14 Jul 4 Aug 13 Aui BOOKLYN BRIDGE V 3 SLD 17 Jul S Aug It Auf 0 FORTUNE V 4 II Jul 24 Jul 15 Aug 25 Au« •VIA FEEDER NYC HFX 17 Aug 21 Aug
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    • 748 26 I 'M AUSTRALIA EXPRESS CONTAINER SERVICI Accepting FCL/FCL Containers feeder P Ketone uJoTioijS S pore IkWt Fr»n S»dr> Aho Acta KABIROAS" VJS 24 July 10 Ai« 16 Al4 14 Au| A<M/Bra 25 Ju, "HAMOAS" »J0 10 Au« 25 *3 3 s7p. 1 Sept Adoi/Bns ESTECLIPPER *16 It Auf "CMANOIDAS" 127
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    • 732 26 GOLDEN LINE WK GUAN GUM SHPTMG (Pit) LID I M Tkmm Um4 IP 4 smarm iim m M4jm <u no) Faa. SM STRAITS/PERSIAN GULF SERVICE: S*por« P KetengPena GOLDEN WONDER Cotanbo/Karachi/DuOa. 22/24 July GOLDEN BEAR CotomboXaracfc.'Museatßahra.n 19/12 Au| CHINA SERVICE A VESSEL HsmkM|/S«ian|h*i 24/26 July- CHINA OCEAN SHIPPING CO., PEKING
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    • 468 26 SEnri DOHA. MUSCAT, BAHRAIN ABU OHMI A WMUMi JEDOAK. HOOBDAH. AMBA 1,1 V.V M V I TAMATAVE PHILI onl€NT LIN€S PT€ LTD 1* HEAD OFKCE 63 ROfIASCS Pftj AfRO ASIA BUltDiN'i r s ".i' TFit« RS :r:j r M in SERVICE 2*7. 3*7 USA SERVICE ;i i 'H LATTAKM. BENGHAZI
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  • Page 27 Advertisements
    • 658 27 NEPTUNE ORIENT LINES LTD Jr. NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Ttrmiful CFS BOOKINGS *****S *****2 *****22 *****53 27*114 27*1111 77*1*1 NEPLINE SON. BHD. XMM7 NEPLINE SON. BHD. 2W«B NEPLINE SDN BHD. t2OUVt27MM27ttI/t27«2 NEPLINE SDN BHD. 23M4W23KM1 o4 the ACE Consortium Dm m nit wt 22/* 25/8 1/9 H'burg
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    • 131 27 11 TAYO SHIPPING LINES PTE LTD TEL *****25 (3 Lines) TLX RS ***** TAYOIN VESSEL PIYA I 27/7 31/7 KRABI/COLOMBO* A VESSEL In Pt 30/7 PORT MORESBY* SINAR MEGA In Pt 18/7 PEKAN BARU/DUMAI A VESSEL 14/7 17/7 BATAM A VESSEL 22/7 25/7 BONTANG/AMBON/* TERNATE REGULAR SERVICES TO INDONESIAN PORTS
      131 words
    • 356 27 HEUNG-A SHIPPING Korean Flag Vessels OONAM SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, BUSAN. INCHON No I Donam/705N No C oonjm,7o7N No 9 Donam/705N M. Enterprise/7L2N No 7 Donam/706N No I Don«n/70tN No C Donam/7VN No 9 Donam/70M P Kciani Buuo Moji S PORE AGENTS NEPTUNE AGENCIES PTE ITO Tel
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    • 717 27 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 ***** P. KELANG PENANC M/S HANDLING SYSTEM CO SON. BHD. MESSRS MAI THONG SHIPPING 177 hm, ctr— y
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    • 22 27 WEEKLY CONSOLIDATION/SHIPPING SERVICES TO/FROM ALL AUSTRALIAN PORTS INCLUDING TASMANIA ALL INLAND POINTS BOOKING AGENT: FREIGHT MANAGEMENT SINGAPORE CONTACT: LYN/HELEN *****11 (15 LINES)
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  • Page 28 Advertisements
    • 251 28 e umrm cmwh. irra it#.. TEL: 225-M6I (30 Lines ji j ta KW+t m il■ -l.n:».v".u Vtß DEUTF MACHT St E REEDERF I ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE mrr^rnrxrm T» r7"T I' arp tar Ha* Km. Bmm. Trity* mi Ma. REGULAR CONVENTIONAL SERVI li. i r~i f It ft rr^rrrriffrß
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  • Page 28 Miscellaneous
    • 160 28 3?3S a f\ 4 m A £M I LL3£ Wave height SIGNIFICANT WEATHER AND BEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND? R Thundeisu* m Temperature °C Shower Weather Wind direction with speed in knots V Wave height Cloudy Sky toteetwUianhAnM by arrows which fly with the «W (o) One
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  • Page 29 Advertisements
    • 397 29 /M CALL US AT; P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR 04-*****2/4, *****3 07-***** 07-*****3, *****5, *****0, *****1 02-*****22 242H81 EAST/EUROPE CONTAINER SERVICE nr l FEEDER B BUTANC 353 B. BUTANC 355 .i'im.i'V-lMy T 7-1 MTHR VSL N. DUMA ri7i rTn OTHER DESTINATIONS: AARHUS, AMSTERDAM, ANTWERP, BASLE,
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  • Page 30 Advertisements
    • 473 30 Jf* FARGO SHIPPING COMPANY (PTE) LTD. <•#" REGUIAR EXPRESS FIJI I CONTAINER AND t CL SERVICE INBOUND AQENT FOR ABC CONTAMERLME From UBA/C«n>d>/Europ</M<dl>»rrwn Vil L HUOIG BRUSSEL ANTWERPEN C. VEROLME ETA SINGAPORE DESTINATION JENLINK 2M PIYA BHUM 95* BUNCA KEMUNINC 25 KIT) BHUM BUNCA BUTANG IV. 25/7, 4* IC/7. 23/7,
      473 words
    • 506 30 AfRIC A OttAH Liwis Ltd. jsrmss ACCEPTING FCL/LCL ft BREAKBULK TO: LAGOS/ APAPA, PORT HARCOURT, WARRI, CALABAR, SAPELLE, TEMA, CONAKRY AND OTHER WEST AFRICAN PORTS COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMJ-C(WTA#€P SERVICE TO Gerpril A, Sir.gipore SEALION SHIPPING (S) PTE t TO Q ALES BOOKINGS
      506 words
    • 357 30 Oil f mj MitscJOSK Lines Ltd CONVENTIONAL/SEMI-CONTAINER MORNING GRACE EAB 10A PRIME RA PEAK SWA 31A SUBJECT INDUCEMENT Mombasa. Daressalam Port Louis, Reunion ALTAI MARU V.WAB 27A RIVER GURARA V.WAA 30A Rmks Subject Inducement. 14 Jul P. Noire. Abidjan, Monrovia, Lome, Contonou. Tema 16 Jul Apapa/P. Harcourt HAYAKAWA MARU 3433F
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