The Business Times, 30 July 1987

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 THURSDAY, JULY 30, 1987 75 CENTS
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  • 187 1 Overseas markets Wednesday HK Hang Seng Index 3,389.73 52.27) Tokyo NMtei Average 24,427.12 41.30) Sydney AM-Ordinaries 2,000.0 (+18.9) Tuesday New York (Dow Jones) 2,519.77 (+15.83) London (FT 30 Index) 1855.0( 20.8) Exchange rales THE S$ firmed against the US$ to close at $2.1100/10 ($2.1140/50) in dull trading
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  • 148 1 ALL FOUR equity markets in Singapore, Hongkong, Tokyo and Australia managed to rally upwards yesterday, with the Hongkong and Australian markets hitting new records. In Singapore, share prices closed off best with the Straits Times Industrial Index posting a 5.81-point gain to 1,383.10, while the more
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  • 549 1  -  Company expected to post record earnings By AMY BALAN UNITED INDUSTRIAL Corporation which has been grabbing headlines in the past week with its proposed tie-up with United Overseas Land to buy Goidhill Square and its bid to take over First Capital
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  • 522 1  -  By NAJEEB JARHOM SINGMARINE INDUSTRIES Ltd. a newly-restructured marine-relat-ed unit of conglomerate Keppel Corp, is all set to go public. An application has been submitted to the Stock Exchange of Singapore for a public offer of shares and listing on the main board. The company
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  • 373 1 AFP VIETNAM and Indonesia have reached agreement on proposals for informal talks between the warring Cambodian factions, it was announced in Ho Chi Minh City yesterday. "During an exchange of views on the idea of a 'cocktail party' from Indonesia, an understanding
    AFP  -  373 words
  • 60 1 UPI THE SOVIET UNION yesterday presented new proposals to the United States on limiting antimissile defence systems as a condition for any cuts in offensive long-range nuclear weapons. Soviet arms negotiator Alexei Obukhov said in Geneva that the proposals would prevent deployment of weapons
    UPI  -  60 words
  • 679 1  -  By FOO CHOY PENG ChM Reporter A SENIOR minister in the core group of younger leaders yesterday gave, for the first time, a revealing glimpse of how the decision to detain the first group of people involved in a
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  • Page 1 Advertisements
    • 139 1 Ifdgmg Nutritional supplements for the whole family g&fe Full report, Pago 14 Regional markets, Pago 16 World marfcots, Pago 17 GPF FOR SIFS. AND SEE WHAT A DIFFERENCE IT MAKES. We make it fast and easy for companies to get low cost financing under the Small Industries Finance Scheme. Come
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    • 357 1 Two special FOCUS pages WE TAKE a good look at UIC today. The first FOCUS page examines its joint venture with United Overseas Land to take over Qoldhill Square. In the second, the spotlight is on UIC itself and its latest bid to add First Capital Corporation to a growing
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    • 24 1 BUSINESS TIMES V you DNd to call iik News Desk: *****10 7)***** Companies Desk: *****05 *****61 Market Indices: *****49 Fax: *****71 Telex: RS *****
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    • 88 1 BALLY §f Switzerland ofSmtzaiarul ..Jtterts the challenge of today. PAGE 2, other report» MELWANI v As PHOTO DAUDfcfV D)lk #02-14/15 Shaw Centre Tel: *****42 #01-26/27. Specialists' Centre Tel: *****54 Opening hours Monday to Saturday 10am to 7pm Sunday and Public Holidays 10 30am to 5 30pm #02-23. Plaza Singapura Tel
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  • Page 2 Advertisements
    • 536 2 In 1986, swaps emerged as one of the hottest new products developed by the investment banks. They also became the most misunderstood. While some companies considered them too intricate and exotic for their immediate needs, others (conversely) thought swaps were far too simplistic for their complex long-term strategies. A few
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  • HOME NEWS
    • 405 3 THE SINGAPORE POLYTECHNIC is expanding, not only in terms of intake of students but also in facilities and buildings. At the institution's 27th graduation ceremony yesterday, Adjunct Professor George Fong disclosed that the polytechnic will spend "many millions" on buildings and equipment to house the Japan-Singapore
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    • 420 3  -  By UM SOON NEO AERO-ENGINE repair company Interturbine Singapore, which recently clinched a major contract from British Airways, will be spending $4 million on expansion. This investment will go into a three-storey building which will add some 2,600 square metres (28,000 sq ft)
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    • 453 3  -  By BOEY KIT YIN PHIUPS's domestic appliances factory in Singapore will be the Dutch group s only plant to export irons by the end of next year. This is the result of a decision taken earlier this year by the Dutch electronics
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    • 134 3 SINGAPORE AIRLINES (SIA) and its staff union have reached agreement on a flexible wage system which will benefit some 7,200 locally-based employees. The agreement with the Singapore Airlines Staff Union covers 85 per cent of employees. It includes profit sharing and links wage increases
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    • 309 3 AFTER BEVEN YEARS of dispute, professionals in the construction industry are finally getting together to resolve their differences over a form of buMding contract The ieeue is over tie Singepore Institute of ArchHeclß "Articles and condMlo— at MMa§ contract for tump sum end tsr measurement contracts"
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    • 228 3 A PROPOSED LAW to curb th« abuse of intoxicating substances should be viewed not as a punitive measure, but a "helping, social Bill", a senior government official said yesterday. Mr Lim Siam Kim, deputy secretary of the Home Affairs Ministry, explained that
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  • YESTERDAY IN PARLIAMENT
    • 503 3 PARLIAMENT yesterday rejected Mr Chiam See Tong's motion asking it to call on the government to free the 15 people alleged to have been involved in a Marxist plot. It instead accepted an amended version, proposed by a PAP backbencher, which supported the government's prompt arrest of
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    • 426 3 MR CHIAM SEE TONG would not have been able to spend nearly two hours speaking on his motion about the recent ISA arrests yesterday if a PAP backbencher had not seconded iL The MP for Potong Pasir argued, however, that if he had not raised it as
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    • 343 3 HOME AFFAIRS Minister S Jayakumar yesterday gave three reasons for the Singapore Government not starting extradition proceedings against fugitive Tan Wah Piow. First, the offence for which Tan is wanted under the Enlistment Act is not extraditable. He was supposed to
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    • 164 3 THE Labour Ministry had not referred Filipino maids who had troubles with their employers to the Geylang Catholic Welfare Centre as Mr Chiam See Tong claimed. Responding to the opposition MP's suggestion that the activity of the now defunct centre was supported by the government Labour Minister
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    • 216 3 PRIME MINISTER Lee Kuan Yew has said there would be no by-elections in Anson and Geylang West until legislation for the establishment of town councils is ready and grouping of town council constituencies finalised. In a written reply to opposition MP Chiam See Tong, Mr Lee said legislation
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    • 336 3 MR CHIAM SEE TONG yesterday called on the government to release the 15 people still detained for their involvement in a Marxist plot as he said they no longer posed a threat. Making the call during the debate on a motion he raised,
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  • Page 3 Advertisements
    • 168 3 Report* by FOO CHOY PENG, CHUANG PECK MING and WILLIAM CHIA French Taste in the Kitchen .-J. M ap ■>* < J r :j> m 11 r > J J ■J—* V 4fX r V t 11, r Culifrance. Your dream kitchen direct from France. With no middleman. No middleman
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  • ASIA-PACIFIC
    • 616 4 Bankers call for upgrading of management techniques Reuter MALAYSIA'S financial markets are poised for a period of sustained growth as the country's economy picks up. bankers say. But financial analysts in Kuala Lumpur say the banking industry must also upgrade its management techniques to
      Reuter  -  616 words
    • 675 4 AFP SRI LANKA's dominant Tamil separatist group said yesterday that it was reconsidering its rejection of an accord drafted by New Delhi and Colombo to end the island nation's bloody sthnic conflict. "We are raconsidering our decision," Anton Balasingham, political adviser to the
      AFP  -  675 words
    • 83 4 Reuter HONGKONG'S trade deficit widened to HK11.13 billion in June from HKS4B million the previous month and HK$6Bl million in the same period last year, Census and Statistics Department figures show. June domestic exports eased to HK116.29 billion from HK$ 16.44 billion in May
      Reuter  -  83 words
    • 717 4 AFP A YEAR hM done little to dispel Asian and Pacific scepticism over the initiative launched by Soviet leader Mikhail Gorbachev in Vladivostok to ease tensions in the re9ion, analysts say. For Japan, which held out high hopes of a visit
      AFP  -  717 words
    • 298 4 AFP THE VALUE of the Taiwan currency yesterday hit a new record high of NT531.03 to US$l amid renewed US threats of retaliation in a bid to narrow the trade imbalance between the two countries. With intervention from the Central Bank of China, the
      AFP  -  298 words
    • 226 4 Reuter MILLIONAIRES dominate the 24-member Philippine Senate, the lone exception being a lawyer who defended 'penniless leftist dissidents, according to congressional records released yesterday. The richest senator is Sotero Laurel, a former academician, who reported total assets of 17 million pesos (U*****,000), mostly in business investments,
      Reuter  -  226 words
    • 149 4 AFP BIPARTISAN political talks on amending South Korea's Constitution to pave the way for direct presidential elections are to start today. The secretary-generals of the ruling Democratic Justice Party (DJP) and the main opposition Reunification Democratic Party (RDP) yesterday agreed that four leaders from each party would gather
      AFP  -  149 words
    • 816 4 ARRIVALS Operator 3#nriC§ number Local Mm* From SU SU IC MAS MAS MAS AC SU OA MAS GU HA GU SU SU SU SU THAI MAS GU SU SU GU SU SU UIFT SU SU KA THAI THAI OA MAS TK MAS GU UL MAS TtA UTA
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  • Page 4 Advertisements
    • 125 4 Whatever they buy from us, we're providing our customers the same thing... > success. With 60 years' worldwide experience and extensive facilities serving Singapore, Indonesia and Malaysia, we have built a reputation as problem-solvers. For every situation our customers could face in developing and manufacturing their products, they can rely
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    • 58 4 rI If Jf IT llf The business person's choice, every I I II I II I Tuesday. Thursdoy. Saturday and I 1 lIVI II II I Sunday. Leaving Changi Airport at -L \~SJL 1 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Travel
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  • REST OF THE WORLD
    • 414 5 AFP PRESIDENT ALAN GARCIA made an Independence Day speech on Tuesday announcing plans to nationalise Peru's banks and pledged to limit payments on the US$l5-billion foreign debt. Mr Garcia also announced his centre-left government would lift an 18-month-old early morning curfew in the capital that
      AFP  -  414 words
    • 347 5 UPI ECONOMIST Alan Greenspan won the unanimous approval of the US Senate Banking Committee on Tuesday to succeed Mr Paul Volcker as chairman of the Federal Reserve Board. The committee also agreed. 17-3, to approve the nomination of Northwestern University law professor David Ruder as
      UPI  -  347 words
    • 626 5 Reuter SWEDEN, known in Stockholm as the "sick man of Europe" after it devalued the crown five times between 1976 and 1982, has seen an astonishing economic upswing. But despite the achievements, Finance Minister Kjell-Olof Feldt is keeping a firm grip on the national purse strings
      Reuter  -  626 words
    • 295 5 AP PRESIDENT Ronald Reagan has urged scientific and business interests to maintain American leadership in the promising field of superconductivity. "It's our business to discover ways to turn our dreams into history as quickly as possible." Reagan said in a speech
      AP  -  295 words
    • 631 5 CBI survey considered to be too optimistic Reuter ANALYSTS REMAIN uncertain about whether the British economy is running up against capacity constraints, despite Tuesday's Confederation of British Industry (CBI) report which dismissed such worries and cheered the stock and bond markets. Government bonds (gilts) were
      Reuter  -  631 words
    • 355 5 Reuter CHRISTIAN DEMOCRAT Giovanni Goria has succeeded in forming Italy's first effective government for five months and becoming the nation's youngest prime minister since World War Two. Mr Goria, who is 44 today, met President Francesco Cossiga on Tuesday night to present a list of
      Reuter  -  355 words
  • Page 5 Advertisements
    • 196 5 DREDGING PROJECT AT BOMBAY There is a big contract of desilting/dredging for removing seven million cu.mtrs of silts (sands, clay) from seas at Bombay port work involved in this project is as under:1. Excavation In Sea Near Sea Shore Approximate Quantity Hard Rock *****0 CU MTR Soft Rock *****0 CU
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    • 98 5 THE EXPERIENCE When it comes to Western or Continental cuisine, you'll find that only place in town will give you a treat that's really royal. The Regent Grill .Offering a delectydScKfep able spread of steaks, Grills and other appetizing delights, the Regent Grill is the place where you wine and
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  • Page 5 Miscellaneous
    • 105 5 Hazy Cloudy Clear Otar Clear Clear Cloudy Sunny Clear Roin Cloudy Showers Fine Cloudy Clear Cloudy Showers Cloudy Cloudy Clear Hazy Clear Roin Clear Cloudy Cloudy Drizzle Cloudy Clear Cloudy Sunny Oeor Breezy Cloudy Showers Cloudy Clear Ooudy Clear Clear Ooudy Rain Ooudy Ooudy Singapore OUTLOOK: Fair, except Report for
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    • 42 5 Doonesbury it 4 Wr, V* 7+ M srl m \r m r ■li BY GARRY TRUDEAU AND WHAT A PEAL I GOT YOU! XX/VB6OT MAJOR PROFIT PARnOPfiWN, CREATIVE CONTROL, AND tOU GET TO tU/N THE FI6HT! *A m m c rrf m
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  • COMMODITIES
    • 449 6 Reuter COMMODITIES TRADING in Malaysia faces a buoyant future as market innovations would allow it to become a major international futures centre, said the chief executive of the Kuala Lumpur Commodities Exchange. Syed Abdul Jabbar Shahabudin said plans to introduce futures contracts for tin,
      Reuter  -  449 words
    • 325 6 HONGKONG: The metal closed firmer in fairly active trading yesterday in response to the rslly in silver and platinum. The bullish sentiment towsrds platinum, which broke through the upeide resistance at US$6OO on Tuesday in New York, spilled over to gold and triggered strong buying interest among South-east
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    • 107 6 THE PRICE OF tin on Mm KLTM roee live cents ysslsrday to Mflf.ll a kg mainly on covering demand. Strong Mtfs oI Iff lonnse pushed prices gradually higher at fie start, but ••Itffl rVTuIVQ VO DUOQ9 irOffl InVufll Of* fscs of
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    • 433 6 Crude palm oil luturas closed mixed in moderate trading yesterday on the Kuala Lumpur Commodity Exchange (KLCE). August and September rose Msl to Ms6B7 a tonne each while October fell Ms 3 at Ms6B3. The market opened higher at Ms7lo earlier for August. Turnover rose marginally to 200
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    • 117 6 Bernama A MAJOR plantation industry group on Tuesday warned that Malaysia will "almost certainly" price itself out of the global primary commodities market if the government does not implement a wage restraint in the country. Malayan Agricultural Producers Association (Mapa) president Tun Tan
      Bernama  -  117 words
    • 382 6 Oana-Antara INDONESIAN green coffee haa succeeded in penetrating the US market to supply the need of a major American aoft-drink producer, the Coca-Cola company. An Indoneaian conaortium. the Tirtalina-Oharmala group, recently won an order from the Houston-based company for 200 tonnes of green coffee
      Oana-Antara  -  382 words
    • 274 6 Chinese Produce Exchange noon doling prto M ON inly 29 (SS/100 kg) Coconut oil Mk FOt 96JOO Old dram FOB 106.00 Niw drum FOt 110X10 Copra Mixod (too**) 57 Pepper KM NIW 1150.00 jor a wok wnnv KM faq NIW 1135.00 Sarawak ipidd black FOt NIW 930.00 Sarawak
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    • 202 6 SOYBEAN FUTURES on the Chicago Board of Trade closed 3% to 12% US cents higher on Tuesday but off mid-session highs, with November closing up 10 cents at USss.36tt. Prices closed off the day's highs in a late bout of profit-taking. But November closed above the U555.35-resis-tance level broken
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    • 319 6 London Commodity Exchange lvyoc/S#H#f dofim B prtcot an July 28 (£/toirn u Provioui doting pri in m Ifl. r|\ infW ipSOTi»a/. loot In porenttmH CoflM loth bv«»of« London, Mfcn option OF London My 1205/1213 High/Low (1210/1217) 1210/1199 S#P 1232/1233 (1235/1236) Mgh/Low 1232/1220 C —1--MIVl (2347) Cocoa My 1310
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    • 295 6 SMQAPORK The market cloeed sMgMty lower yeeterdey wMh Auguet One RBB buyers dueled at ***** cents a down 0.25 cent from en Tuesday. The morning seeelon waa little changed, after hovering narrowly In thin trading due to lack of interest in the abeence of freeh factors. Prices eeeed slightly
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    • 83 6 EAST ASIAN crude and product pricM yesterday were slightly weaker against the trend established on Tuesday in Europe and the US. Fuel oil moved furthest with traders offering $1 $3 below Tuesday's levels. USS/banal Of Dubai (Sap) 11.20 060 WM t«M wn <$•»*> 21.40 +a»5 Products (FOB
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    • 180 6 WHEAT FUTURES on the Chicago Board of Trade ended firm on Tuesday but off the session's highs amid late profit-taking. Prices settled steady to up 5K US cents, with September at USS2.SBK a bushel. Prices were higher in sympathy with gains in the soybean pit, where concern over possible
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    • 311 6 RAS prices mtc wiMtg, FO In balm 1 NOON qose Bwy*rt S*U*rt 8wy*rs krrt 1 RSS Prom pt 218.00 219.00N 217 JO 218J0N tat 1 RSS Aug 87 216J0 217.00 216J5 ***** bit 1 RSS Sap 215 JO 216.00 215 JO 216.00 tar 2 RSS Of 212
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    • 83 6 (cWo. pottm) AUGUST 87 SEPTEMBER 87 (currant month) (forwoi -d month) RAS NOON NOON ll/yin Sedan ■wyar* Satan S» 20 189.00 191.00N 189.00 ItIMN SSt 50 187 JO 188JON 187 JO 188J0N Tr< IliyHI Mm SMI cv 269.00 271.00N 270.00 27ZOON SMS I 269.00 271.00N 270.00 272.00N
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  • Page 6 Advertisements
    • 199 6 SHRED-ET before your company's secrets are leaked to your competitors! k Shred-Et C-22 Automatic Electronic Personal Shredder A highly mobile compact (289 mm x 344 mm x 360 mm) personal shredder Equipped with a highly sensitive sensors that automatically activates it at the presence of a piece of paper and
      199 words
    • 80 6 □a l&U, blAi'i Japanese Restaurant Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16+ per set, they
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  • BANKING AND FINANCE
    • 1426 7 SINGAPORE: The US dollar closed slightly higher yesterday against major currencies after fluctuating within a narrow range in quiet trading. Dealers said most operators refrained from taking large positions due to the absence of fresh factors. Concern over the situation in the Gulf, higher oil prices and the
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    • 579 7 SEPTEMBER Eurodollar opened four ticks lower yesterday at 92.67 on overnight losses from firmer oil prices and concern over the debt ceiling issue. The market lapeed into a sideways trading range of 92.67 and 92.69 in dull trading due to the abaence of major news. The September contract finally
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    • 577 7 FT THE BANK (or International Settlements, the Basle-based clearing house owned by major world central banks, has predicted a slowdown at last in the rapid pace of expansion of international interbank lending. The interbank market, where banks lend to each other, has been
      FT  -  577 words
    • 197 7 AP JOHN Bohn Jr, president of the US government's Export-Import Bank, has promised Congress to take more of the risk in financing US exports because commercial banks don't want to do so. "Commercial banks have largely withdrawn from financing exports, shutting
      AP  -  197 words
    • 304 7 ASIAN DOLLAR deposit rates closed little changed from opening levels yesterday, after a day of quiet trading. Most operators were reluctant to take fresh positions due to uncertainty over US congressional efforts to agree to a new federal debt ceiling and ahead of the Treasury refunding announcement
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    • 84 7 Treasury bills Period Issu# Yesterday's closing Day's cod* Maturity MO OFFEK HKrH LOW 3 month* BQ*****E 29.10.87 3.10 3.00 3.04 3.02 6 month* BS*****Z 21.01.88 3.16 3.06 1 y*or BY*****S 30.06A8 3.25 3.15 3.26 3.19 Government notes and bonds Period Issu* Maturity Coupon Yesterday's dosing Day's code
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    • 197 7 Indicates ttw everege of the prime lending rales el 12 major banks In S'pore Interbank market rataa (offer/bid) on July 29 us$ DM SWFC Y«n 7 dm /I 1 mm 3 mm mm 13 mm 3/4 S/t 3/4 S/t 7 4 7/t 7 1/4 I/a 7 11/14
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    • 59 7 THE OVERNIGHT rate on the Singapore interbank market rose by one point to close at 2% per cent yesterday. The term rates fell by 3/16 point each. S$ Interbank rat»* at 7pm y«st«rday: om k> OwnlgM 2 3/4 3 1/3 l««ti 4 1/1* 3 13/1* 2-man*. 4 4
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    • 577 7 NYT AMERICAN Treasury Secretary James Baker struck a compromise with the chairmen of the Senate and House banking committees on Tuesday afternoon that should avoid a threatened presidential veto of important banking legislation, congreeeional sources said. The compromise greatly increases the chances that
      NYT  -  577 words
  • Page 7 Advertisements
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    • 130 7 THE FEDERAL SINGAPORE HOTEL For Sale By Tender i jSUBBSgMUBI Vte&mislmwggm m SCOTTS House Centre The Federal Singapore road fAY Sams Hyatt Shopping Regency Ontre Environment Buikhng Newton 1 mbt V 2 Station < t The Federal Singapore, a newly-completed, high quality-finished 255-room deluxe hotel built on freehold land on
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  • FOCUS
    • 1802 8  -  United Industrial Corporation is living up to its name as a fast market mover with its latest proposed deal to take over First Capital Corporation. AMY BALAN of the Companies Desk profiles the UIC group and its publicity shy president, Oei Hong
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    • 248 8  -  ufc By Ramesh Chandirani THERE are a few Singaporebased stocks which have acquired a bull market momentum that is distinct and independent of all other listed counters, and United Industrial Corporation is one of them. The potential of this stock was first
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    • 946 8 UNITED INDUSTRIAL Corporation used to be known only as a detergent maker with a flagship building of the same name in Shenton Way. The major shareholders then were Taiwanese businessmen. But that image changed drastically when Indonesian businessman Oei Hong Leong assumed control of
      946 words
    • 1081 9  - C W' now stands for Wee, not William The 30-month-old legal battle between the UOB group and the Goei family over Goldhill Square had promised to be the court case of the decade, but it ended with a whimper last week. Still, it resulted in the biggest property deal in
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    • 1085 9 PLANS TO bring more life to Goldhill Square will soon be on the drawing board. The strongest point in favour of the 32-storey office-cum-ehop-ping complex at Thomson/Newton road is its
      1,085 words
    • 623 9 CONSPIRACY IS not a term often tossed around by corporate lawyers in Singapore but for a brief period in 1965, it took on topical interest following legal action between the Goldhill group and its principal banker United Overseas Bank. Goldhill versus UOB then promised to
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  • Page 8 Advertisements
    • 350 8 (IncorporwlidintmnapubacofSinf/tpoim) To: AH Shareholders (I) UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1967 3 (a) Share Capital No. of ordinary shares of Ssl fully paid as at 30 June 40,000,042 32,000.034 (b) Earnings in cants per share for the half year based on item 2(h) above 29.5 24.3
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  • Page 9 Advertisements
    • 753 9 ■mPirSTCIIY: Bancorporation of Texas Inc.iH STATEMENT OF ACCOUNTS FOR THE YEAR ENDED DECEMBER 31,1986 ConaoUatW Statement of Income Fear Ended December SI (DoUmre in thousands, except per there date) SI (Dollars ia thtwsaaaim) Loans, including fees Money SMrket inveetmenta: Tina depoeita in banks, primarily foreign Funda sold and other temporary
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  • PERSPECTIVE
    • 525 10 IT TOOK A RECESSION to touch the sacred cow that the Central Provident Fund once was. That happened in April last year when the employer contribution rate was cut by 15 percentage points. It was a big cut. Some house buyers, fortunately not too high a percentage,
      525 words
    • 1839 10  -  Chartists belong to that fearless breed of market gurus who dare make predictions about current stock market trends. Their buy or sell signals are closely heeded by their followers. But chartists are ordinary human beings after all and such predictions can be wrong. NAJEEB
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    • 703 11 INDONESIA'S 90 per cent Muslim-majority population may be broadly classified into two streams, the abangan and the santri. The abangan are nominal Muslims and tend to retain many of the pre-lslamic Hindu and Buddhist beliefs of Indonesia, especially in Java. Such beliefs, commonly referred to as
      703 words
    • 936 11  -  In a recent speech, President Suharto touched on the need for the military to continue providing Indonesia's future leaders. DAVID CHEW of the Foreign Desk traces the involvement of the military in Indonesian politics,
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    • 499 11 IN AN ARTICLE "The Journey's End for s Generation", the Oct 5 1905 issue of the authoritative Indonesisn periodical Tempo dwelt at length on the impending leadership change from President Suharto's generation to the generation whose military training and experience were mainly imbued during the
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  • Page 10 Advertisements
    • 98 10 r 11). Mav Vsia «11 I V L' t v> \.,l M s,, lnK IVM7 BTK WMlnim MM MVS UK local Anoemkm of Tbur mm IhtvH Agents mm Money talks in And This month Asian Business goes on vacation to Malaysia and asks: where are all the foreign tourists? In
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  • Page 10 Miscellaneous
    • 672 10 CRYPTIC PUZZLE ACROSS 1 Incompetent pudding-maker? (6) 7 The assailant, for instance, of a guard (8) 8 Food product for which you could use a gas ring (4) 10 Was brilliant, so looked happy (6) 11 Start touring in open country with cars (6) 14 Allowed to suffer (3) 16
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  • Page 11 Advertisements
    • 321 11 Republic National Bank of New York A subsidiary of REPUBLIC NEW YORK CORPORATION Consolidated Statement of Condition (In Thousands) June 30, June 30, Cash and demand accounts Interest bearing deposits with banks Precious metals Investment securities Trading account assets Federal funds sold and securities purchased under agreements to Loans, net
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  • Page 11 Miscellaneous
    • 1239 11 to OGE) Bason) 12 7.00 PM SBC Text Sample PogeS. 7.30 Opening and hoQiomw w i J L„ t rHyalyni TOWWVU DJ V"»W Us A Om. 8.00 Dibalt *87 N^tHmwH Junior Coßogo v Hwa Chang Junior College (lit Somi Finals). 9.00 Only Foob And Hones It Never Sains. 9JO Paradise
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  • SPORTS & LEISURE
    • 239 12 AP CHRIS EVERT and Pam Shriver breezed to straight-set victories on Tuesday to advance the topseeded US past Japan in a firstround match at the Federation Cup tennis championships. Evert, ranked No. 3 in the world, defeated Etsuko Inoue 6-2. 6-4. and Shriver. the
      AP  -  239 words
    • 264 12 UPI TOP SEED Mats Wilander of Sweden and third seeded compatriot Kent Carlsson both narrowly averted first-round upsets in the U*****,000 Swedish Open tennis tournament on Tuesday. World No. 2 Wilander, who beat Carlsson in the finals of both the US Clay Court Championships
      UPI  -  264 words
    • 252 13 Reuter PAKISTAN cricket captain Imran Khan haa accused England of being "unprofeaaional" when they failed to win the fourth Teat and square the five-match series at Edgbaston on Tueaday. Imran aaid: "When a man is desperate he fighta harder and England had a victory chance against
      Reuter  -  252 words
    • 687 13 UPI LAURA DAVIES of Britain, the strongest hitter in women's golf, won the longest US Women's Open with precision putting on the back nine of a pressure-filled play-off. Davies. playing only the fourth tournament of her career in the US, shot a steady
      UPI  -  687 words
    • 463 13 AFP STEVE OVETT and Allan Wells are among a host of top British athletes who face make-or-break races at the English AAA championships which open on Saturday in London. The two former Olympic champions know that their performances in the final
      AFP  -  463 words
    • 513 13  -  Trankl if speakinq... WALTON MORAIS SINGAPORE'S invitation to play in the World Cup golf championship in November focueee attention again on the tradition-bound tournament's struggle with patriotism and the dollar lure. Coming only daya after John McEnroe threw hia usual tantrums in the Davis
      513 words
    • 593 13 UPI PETER THOMMEN stared intently at the multicoloured sailboard regatta parading before hia eyes. Every move, every reaction by the boards to the gusty winds and choppy waters of the San Francisco Bay was carefully noted. Thorn men is a "shaper", a designer of boards
      UPI  -  593 words
  • Page 12 Advertisements
    • 783 12 to dine aiui ***** Seconds are FREE and all bottle sales enjoy a 30% discount conei -r~ isi* ieadtiager. entertains with his rich, mellow songs during HAPPY HOUR from 5 pm-7 pm. After Happy Hour, two of the city's hottest bands. NEU FACES and CLASSIC, rave non stop throughout the
      783 words
    • 118 12 3)3 Orchard Road, Sutpparr 0923 TA 737 4411 1 ITd The Ivory Discotheque Kvery Sal Sun 2 pm io6pm S4 50** Level 4. Excatvor HoM Dominique Bodin at the New' Hilltop Lounge The Imperial Hotel Singapore proudly presents world-renowned French Accordionist. Dominique Bodin nightly till !uly'3l. 1987 (except Sundays). K
      118 words

  • Page 13 Advertisements
    • 381 13 I; in Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki. Four tatami rooms are available for private parties. Located on the 2nd floor. Open 12 noon to 3 pm. 6.30 pm to 11 pm. Ample free parking A© Century Park Sheraton Singapore 16 Nossmti
      381 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4228 14 AFTER THE RECORD rally on Tuesdsy, share prices cloeed mixed to easier in light trading yesterdey, as early gains were pared in the afternoon. Some cautious investors took profits on the gains made the previous day as there wss still uncertainty as to
      4,228 words
    • 220 14 Rises SINGAPORE In Matra Hh DBS riH MOM* UOI Irn+i HanWiia suT* s r h 1190 400 1S50 1330 MO *50# Mt bo 493 47* wmm *70 i NWa 535 45# Carp* 414 1410 «Ma 9*5 9*0 50 44 JO 30 30 a* 33 33 30 30
      220 words
    • 4307 14 BID aad offer prim Hated aad hmlw ia aad reported to the Stock Eichai«e of Stogapoie yesterday with the number of shares traded shown ta brackets la lots of 1,000 units ucfaas «[i-iitoi All Hate Settlement Contracts are quoted after the word "SETT". Big Board
      4,307 words

  • COMPANY NEWS
    • 500 15  -  By NAJEEB JARHOM INSURANCE CORPORATION of Singapore has kicked off the interim reporting season for the financial sector, setting a fast pace with an enviable set of profit figures. Group attributable profits after tax and minorities rose a strong 51.1
      500 words
    • 137 15 Managers' prices for July 30 Singapore Unit Trust Th* Co—OCT 123 130 Th* Savings Fund 106 1 12 S pew* Prog Fund 051 055 S'por* S*c Fund 087 093 S'por* lnv«st Fund 088 094* S'por* Equity Fund 041 066 Asia Unit Trust Ma< Invest Fund 1 46 174
      137 words
    • 184 15 Sports Toto roaring debut SPORTS TOTO made a roaring debut on the KLSE yesterday. The M$1 shares which were offered to the public at M$2.00 each opened at M$7.50 and closed at a dizzying M$9.55. Many who were successful in the public issue struck it rich in yesterday's
      184 words
    • 550 15 mm? STOCKBROKING firm OUB Securities has recommended that investors buy into soon-to-be-listed Amtek Engineering Ltd and government-backed DBS Bank. Amtek, to be listed on the second securities market Sesdaq, is offering 10 million shares of 20 cents par value at a price of $1.35 per share.
      550 words
    • 671 15  -  Acquisition of Plaza Yowchuan Phase I proposed By ROSIE TAN MOUNT PLEASURE Holdings Bhd is considering the acquisition of Plaza Yowchuan Phase 1 for Ms9o million from Low Yat Construction Co Sdn Bhd (LYC) the private property and hotel company of its major shareholder, Dato
      671 words
    • 488 15 MBT EMTEX CORP, whose boardroom is now controlled by Datuk Loy Hean Heong and his MBf Holdings representatives, is planning to float the shares of its plantation subsidiary Agaliem. Datuk Loy said Emtex has assigned a merchant bank to work out the
      MBT  -  488 words
    • 411 15  -  By RAMESH CHANDIRAMANI CERTAIN structural changes are about to take place at leading institutional stockbroking firm Q K Goh Securities (Pte). A new company has been formed to take over its seat on the Stock Exchange of Singapore while the old unit will cease
      411 words
    • 323 15 RUMOURS ARE RIFE in the stock market that Malaysian Airline System (MAS) is buying a stake in Faber Merlin. But MAS chairman Raja Tan Sri Mohar bin Raja Badiozaman, when contacted yesterday, denied that a tie-up with Faber Merlin is on the board.
      323 words
  • Page 15 Advertisements
    • 423 15 BANK OF BOSTON THE FIRST NATIONAL BANK OF BOSTON (liunpinHi in ttM U.S.A. wtfi LmiM LMMIy) Consolidated Balance Sheet (in thousands, except share amounts) LIABILITIES AND STOCKHOLDER'S EQUITY 1966 Deposits: Domestic offices: Non-interest bearing 3,962,460 Interest bearing 6,612,823 Overseas offices: Norv interest bearing 363J999 Interest bearing 6,667J094 Total deposits 16,646,276
      423 words

  • REGIOANL MARKETS
    • 3710 16 IN SHARP contrast to the spectacular debut of Sports Toto Malaysia yesterday, the overall market was several shades off with prices closing in the minus territory. Trading was comparatively less active. While the market on Tuesday saw a jump of 22.23 points on
      3,710 words
    • 650 16 Reuter LAST WEEK'S seesawing Tokyo stock market left US stock analysts divided on whether a sharp decline until late in the week marked a short-term correction or the end of the 10-year boom in Japanese stocks. "The question is whether the market comes
      Reuter  -  650 words
    • 231 16 Reuter CABLE AND WIRELESS PLC is confident of obtaining s Japanese licence to lay a new optical telecommunications cable across the Pacific Ocean. Chairman Sir Eric Sharp told shareholders at the annual meeting in London: "We are confident that (such) authorisations will be given
      Reuter  -  231 words
    • 123 16 Reuter GREEN ISLANO Cement (Hoklings) Ltd will prepay a HKJ7OO million syndicated loan for a consideration of HK$462 million. Green Island will raise part of the money by the sale of an industrial site in the Hung horn district of HK to its parent company,
      Reuter  -  123 words
    • 67 16 Reuter WORMALD INTERNATIONAL Ltd has sold its Mather and Piatt Machinery Ltd unit to British pump company Weir Group PLC for about £11.5 million. Mather and Piatt makes pumps and equipment for the power, mining and oil industries. Wormald said in a statement the sale is consistent
      Reuter  -  67 words
    • 485 16 TOKYO: Prices closed slightly higher overall in active trade yesterday on selected buying of high technology firms' stocks and those tipped to benefit from rising international metal prices. The 225-share Nikkei Index closed 41.30 points higher at 24,427.12 after hitting 24,537.77 and dipping to 24,298.29. On Tuesday the index
      485 words
    • 390 16 HONGKONG: Share prices rallied in hectic trading yesterday with late buying interest pushing the Hang Seng Index 52.27 points higher to end at a record 3,389.73. The index was slightly higher than the previoua record of 3,388.09 on July 20. The Hong Kong Index rose 35.35 to 2,210.35. Turnover
      390 words
    • 68 16 Mm y n jfana 4 i Hariteal 0.1290 0.1790 0.006 Acoi# Mioir>g PNIm B 0 79 0 06 T r ti- wmtm Picoo B 0.11! SO unch PLOT 706 4-9 43 it 0 024 2 San Miguel B.... -0 002 SMtront 226 0 042 -2 unch FtigcjS 1M 14.91
      68 words
    • 113 16 JULY a WON fKai ***** -200 CMI Sugar ***** unch Kangwon Ind Kia Motor ***** ***** •180 400 Daawoo Corp Daawoc Hmw ***** ***** -900 -SO Koton Ind Koraa Long Tarm. Lucky Lid. Onantal Brawary... Ooantal Cham Pacllk Chamical ***** 3330 unch -21 Daishin Sacuritiaa ***** unch Dong Ah
      113 words
    • 223 16 KoMn MM -0.5 All Stncara Indus 423 44 40 -017 -1 Kuochan Dav Laa Chang Yuan Cham Indua M 70 31 M 24 M -1.1 -1.3 -1.3 Cathay Con* MOO -3 Nan Ya Ptaa 49 M -25 Chang Hwa Bank ***** -4 5 42 00 -2 M80 MM •IS
      223 words
    • 445 16 SYDNEY: The Australian share market closed at record levels yesterday, touching the historic 2,000 barrier, following renewed demand for gold, heavyweight mining and oil stocks. Investors flocked back to the mining boards following gains in gold, platinum and other metal prices and a sharp rise in crude oil pricss
      445 words
    • 158 16 Reuter BANGKOK: The Securities Exchange of Thailand Index was down 0.24 to 333.06 on a turnover of 3,440,049 shares worth 383.29 million baht. Reuter MaM Boa. TO unct» JULY MKT 277 4 Mm Union. 370 -a HmCmiM mi unch Ao Kham TM. (tan C% Ayudhya Invootmont 330 2 C«nML
      Reuter  -  158 words
  • Page 16 Advertisements
    • 358 16 NOTICES INDOPURA DEVELOPMENT PTE LTD ON VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 306(2) of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovementioned Company will be held at the office of David Wong Co.. 156 Cecil Street, #07-02 Far Eastern Bank Bldg,
      358 words
    • 239 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DICOXEN PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the company held at 10. Anson Road, #24-16 A, International Plaza, Singapore 0207 on 24 July 1987, the following SPECIAL
      239 words
    • 10 16 M onagers ust anage BT shows you how every Monday.
      10 words

  • WORLD MARKETS
    • 989 17 New York Reuter AFTER a week-and-a-half respite, stocks pierced through the Dow 2.500 level for the second time ever on Tuesday and emerged in record territory as blue chips and stocks involved in takeover and restructuring speculation provided the inspiration. In its biggest gain in two
      Reuter  -  989 words
    • 958 17 London Reuter EQUITIES CONTINUED firm at the official opening yesterday but dealers said prices tended to drift off their initial higher levels on a lack of follow through. Volume was light with little or no overseas investor interest but at 9.51 am the FTSE 100
      Reuter  -  958 words
    • 1117 17 Selected indices HONGKONG Hongkong Index Wednesday 2.210 35 Tuesday Z175.00 Week 090 2.1*7 47 Hang Seng Index Wednesday 3.*****Tuesday 3.337.44 Week ago 3,366 82 All Industrials Wednesday 2 874) Tuesday 2A561 Week ago 2J392 NEW YORK Dow Jones Tuesday 2*1977 Monday 2.***** Week ago Z***** TOKYO Nikkei Average Wednesday 24.427
      1,117 words
    • 462 17 AP BOEING CO, America's number on* maker of commercial aircraft, has aractad a "poison pill" dafanca againat takeover after learning that corporate raider T Boone Pickens wants a chunk of the aerospace giant. "We believe that thia plan protects the interest of our
      AP  -  462 words
    • 90 17 Reuter LAWYERS for Mr Earnest Saunders, the sacked chairman of the Anglo-Irish brewing giant Guinness, said on Tuesday that he was suing the company for wrongful dismissal. Mr Saunders was sacked in Jsnusry following allegations that he and sssociates were responsible for underhand payments worth £25
      Reuter  -  90 words
    • 163 17 AP PENNZOIL CO has withdrawn an offer to settle its US$lO.3 billion judgment against Texaco Inc for US$4.l billion. The offer was contained in a reorganisation plan filed by Pennzoil last week in US bankruptcy court Pennzoil last week had also
      AP  -  163 words
  • Page 17 Advertisements
    • 1107 17 Head Office: Montagne du Pare 3, 1000 Brussels, BELGIUM Singapore Office: 105 Cecil Street #11-01/04, The Octagon, Singapore 0106. Telex: RS ***** RS ***** Tel: *****55 AH figures quoted in millions of Belgian francs Consolidated Balance Sheet At 31 December 1986 ASSETS Cash, Central Bank, Post Ciro Money at call.
      1,107 words

  • 572 18 WHILE DESCRIBING the revised long-term Central Provident Fund contribution rates as fair, sound, practical, realistic and reasonable, employers have sounded a word of caution at the same time don't jump into it. Singapore is not yet fully competitive and anything that
    572 words
  • 550 18  -  Unisys to make large disk drive systems By ANNA TEO SINGAPORE goes one up in its status as a major world producer of disk drives with the entry of Unisys, the world's number two computer company. The Republic now makes the full range of
    550 words
  • 217 18 OPPORTUNITY and equality must prevail in all markets, said the US Ambassador to Singapore, Mr Daryl Arnold yesterday. With protectionism engulfing many nations, it becomes essential that the "relatively few remaining free trade and investment nations such as Singapore and the United States" band
    217 words
  • 159 18 Reuter RIOTS raged around Colombo and buildings blazed as Indian Prime Minister Rajiv Gandhi and Sri Lankan President Junius Jayewardene yesterday signed a pact aimed at ending the island's four years of ethnic conflict. The two leaders signed the accord, whose terms
    Reuter  -  159 words
  • 222 18 Reuter AS THERE IS MUCH dissatisfaction among the Chinese about rising prices. China should punish speculators hoarding scarce goods. An official Chinese newspaper. Economic Information, said yesterday that very popular goods such as television sets, nylon stockings and quality brands of beer and
    Reuter  -  222 words
  • 438 18 Reuter FORMER Japanese Prime Minister Kakuei Tanaka, who dominated Japanese politics for years, looked on the verge of political oblivion yesterday after a Tokyo court upheld his conviction for taking bribes. With his health failing and his once-mighty political coalition in tatters,
    Reuter  -  438 words
  • 89 18 Reuter JAPAN said yesterday that its domestic goods and services are the most expensive in the industrialised world. Costliest items include food, cigarettes, education, and recreational facilities. Prices in Japan are 57 per cent higher than in Britain, 49 per cent dearer than Italy, 30 per
    Reuter  -  89 words
  • 80 18 AP THE DOW JONES Average of 30 industrial stocks stood at 2,514.99 yesterday, down 4.78, an hour after the opening. Advances outpaced declines by about 5 to 4, with 548 issues up, 481 down and 481 unchanged. In five days, the market has made five straight advances,
    AP  -  80 words
  • 255 18 Reuter AUSTRALIA'S powerful labour movement yesterday unveiled a 10-year plan calling for greater union involvement in the running of business and a more active government role in the economy. The Australian Council of Trade Unions (Actu) said that a national development fund should be
    Reuter  -  255 words
  • 307 18 Bernama THE MALAYSIAN Cabinet has approved proposed amendments to the Trade Union Act 1959' The act. among other things, provides for the formation of in-house unions, a development opposed by the Malaysian Trade Union Congress, which says that it may sue the government.
    Bernama  -  307 words
  • LATE FILE
    • 56 18 AFP BANK of Japan governor Satoshi Sumita said yesterday that the central bank would maintain its current easy credit policy to stimulate the economy. Mr Sumita told reporters that Japan's easy credit stance was vital to coordinate the economic policies of industrial countries seeking
      AFP  -  56 words
    • 37 18 Reuter A LONDON High Court judge yesterday cleared the British government of sny liability for a £6 million debt owed to a London trading firm by the insolvent International Tin Council. Reuter
      Reuter  -  37 words
    • 35 18 Reuter THE PHILIPPINES it seeking Taiwanese investment for the first time. Finance Secretary Jaime Ongpin said in Taipei that the Philippines welcomed Taiwanese to invest in various sectors, including manufacturing. Reuter
      Reuter  -  35 words
    • 34 18 Reuter A US Navy plane accidentally bombed a Malaysian freighter 100 km north-west of Okinawa. southern Japan, on Monday, a US military spokesman said in Tokyo yesterday. Reuter
      Reuter  -  34 words
    • 46 18 AFP PHILIPPINE Ambassador to Malaysia Pablo Suarez said yesterday that his government was working out a massive repatriation programme for thousands of Filipino refugees in Sabah. Manila will encourage the refugees to return with housing construction and economic adjustment programmes. AFP
      AFP  -  46 words
    • 45 18 Reuter IRAN will retaliate against any US attack by hitting at US facilities all over the world, Revolutionary Guards Minister Mohsen Rafiq-Dust has said. "If the US attacks Iran's harbours or bases, we will attack American political, military and economic facilities." Reuter
      Reuter  -  45 words
    • 55 18 Reuter FRANCE yesterday ordered an aircraft carrier task force of four ships and 3,000 men to put to sea for possible duty in the Qulf war zone. Paris said that the ships would sail "on a mission to protect French interests in the Mediterranean
      Reuter  -  55 words
    • 32 18 UPI GATWICK Airport has overtaken New York's John F Kennedy to become the world's second busiest international airport in terms of the number of international passengers handled. UPI
      UPI  -  32 words
  • Page 18 Advertisements
    • 34 18 Til h )\(.I\KS S IV 1 > onc|ucst MP in titanium LONGINES Prklc of the iv>> si'V v 1K <2 of (Switzerland) 6 Scotts Road *01-18 Sc<3»*>s 0922 Teteo?3 7 3 W m» MB*» gnjup
      34 words
    • 9 18 Tamil group raconakJortng rejection of paaca accord, Page 4
      9 words
    • 134 18 Leader, pege 10 Tha Comax report was not available at prssa Uma. New 'Advance Book' superlow rates only from Ken-Air. m /I 929 Sedan (2000 cc) _<2250 UNLIMITED MILEAGE per month Introducing the Ken-Air concept of economy of advance booking! Just 2-weeks advanced booking and you can drive away our
      134 words

  • SHIPPING TIMES
    • 407 19  -  By G DURAIRAJ LIQUEFIED petroleum gas exports through Malaysia's industrial port of Tanjong Berhala in Trengganu helped push cargo movements at the port to 804,000 tonnes last year, an increase of about 5 per cent compared with 763,000 tonnes in 1965. The
      407 words
    • 221 19 INCENTIVE payment schemes introduced by the Port of Singapore Authority have worked well and have resulted in a 28 per cent increase in average effective performance (EP) at Keppel Wharves. Speaking at the Joint Welfare Fund Bursary Awards preeentation
      221 words
    • 327 19 Seatrade Week THE MARITIME Administration has rejected United States Lines's request for permission to sell its 12 econships to Daewoo Corp. on the grounds that the buyer is not American and that the vessels are needed for national defence. Speculation
      Seatrade Week  -  327 words
    • PORT SIDES
      • 43 19 THE PORT of Singapore Authority invites all in the shipping community to join in the National Dey celebrations by dressing up and lighting up their vessels at the anchorages or berths in port on Aug 9 and 10.
        43 words
      • 67 19 Reuter HIGH WATER levels after recent heavy rain halted shipping on the Rhine between the Swiss ports of Basle and Rheinfelden, the Rhine Water Authority said. The water level rose above 4.5 metres at Rheinfelden. A spokesman for the water authority said it was not clear how
        Reuter  -  67 words
    • 1074 20 Fairplay "YOU DON'T NEED a master s ticket for this Job, you need a degree in geography." The surveyor was doing port state inspections. After a morning spent wading through the documents and debris of ships registered in an unheard of variety of rocky
      Fairplay  -  1,074 words
    • 301 20 AFP TWO UNITED STATES military dummy bombs hit and damaged a Malaysian freighter off Okinawa, Japanese Maritime Safety Agency (MSA) officials confirmed. The officials at the Naha headquarters of the MSA recovered seven fragments of the dummy bombs which were marked "Bomb Practice
      AFP  -  301 words
    • 278 20 Reuter A SENIOR Chinese minister said hie country was considering a Kuwaiti request to put some of its oil tankers under the Chineee flag but said Beijing had no legislation regulating such an operation. Deputy Foreign Minister Qe Huaiyuan, quoted
      Reuter  -  278 words
    • 709 20 ABShpg V 5 ABC Contoinor VM 1 Accord Siva VI 3 Africa Oceon X 2 AMtrons V* 3 Aimrlcon Tpt X 2/3 Anro Sorvico IV 2/3 ANl 1/3 ATC lino V 4 API III 2/3 Asa IN 1 Asian Ocoon VI 3 Bolt-Conodo lint V* 4/5 Bolt-Orient
      709 words
    • 206 20 AFP A SUPPORT ship joined the Titanic expedition in the north-weet Atlantic in order to store treasures that the salvage team hopes to retrieve from the sunken liner next week, an expedition official said. The support vessel. Abeiiia Supporter. arrived at the site as the
      AFP  -  206 words
    • 1199 20 VERY quiet chartering wee reported throughout all sections of the dry cargo freight market on Tueeday with little change seen in ratss, shlpbroksrs said. The reported booking of a 108,000 tonner from the Continent for two years trading at US$l.BO for first year and $2.10 for the eecond
      1,199 words
    • 173 21 THE MAJOR ahipping consortia operating between the «Far East/European, Far East/Persian Gulf, Straits ports/Australia. Straits/Japan and the member linee: ACE (PAR EAST/EUROPE): Franco Belgian Services "k" Line ||orean Shipping CorporaNeptune Orient Linee Orient Overseas Container Line Cho Yang Shipping AldRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta
      173 words
    • 167 21 THE WORLD Maritime University in Sweden has exceeded the 100 th mark, with 102 students now enrolled for the two-year degree course which will end in 1989. The most popular course is general maritime administration (public administration) with 24 students. A further 16
      167 words
    • 448 21 LLOYD'S Register is to claaa the world's largest gas carrier, now being built by Mitsubishi Heavy Industries. It is the third LNG ship on order at Mitsubishi's Nagasaki yard at present, the yard having received orders for two of the five
      448 words
    • 218 21 FT THE LOSS of the Hongkong registered ore carrier Kowloon Bridge off the Irish cosst late last year was caused principally by steering failure, a UK Transport Department inquiry reported. The findings will silence clsims that the Kowloon Bridge suffered
      FT  -  218 words
    • 60 21 THE South Sumatra Port Authority will expand the storage capacity o( the Palembang port next month. Palembang's interim port administrator Faisal Auskarani said the expansion will be carried out with a 2.33 billion rupiah World Bank loan. In the first half of laat year the
      60 words
    • 412 21  -  By KINGSLEY WOOD THE 140.200 dwt bulkcarrier Federal Hunter waited seven days off Newscastle then weighed anchor and left without its scheduled cargo of Hunter Valley coal for Isrsel worth Ass million. On the final day Coal and Allied Industries,
      412 words
    • 213 21 ALL SURVEYS are conducted on July 13. Buenos Aire* Normal operation. Australia Brisbane. Melbourne and Sydney Normal operation. Chittagong Waiting time of one to two weeks. Brazil Santos 40 vsssels operating. Douala Normal operation. CMe Valparaiso Normal operation. China Shanghai. Huangpu and Xingang Normal operation. Colombia Buenaventura Waiting
      213 words
    • 238 21 Seatrade Week THE JAPANESE Ministry of Transport is looking st ways in which forsign seafarers could bs employed on Japanese flag ships. Ministry sources reckon change is inevitable as the competitive power of Japanese carriers continues to decline. For instancs,
      Seatrade Week  -  238 words
    • 8626 26 A guide to ahips loading at Singapore for porta around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      8,626 words
    • 342 27 AT CONVENTIONAL WHARVES VmnI Bert li Arrival Departure KEPPEL WHARVES April Glory <28 alongside 30.07/2000 Bonglor Mito <30 alongside 30.07/1500 Barber Toba C09 alongside 31.07/2300 Far East Navee K32 alongside 01.08/1500 La Rioja K16 alongside 31.07/1500 Maya K15 alongside 30.07/0700 Ronghuashan K31 alongside 02.08/1830 Southern Glory <27
      342 words
    • 832 27 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdna FCL Ship Arrival LCL cargo movomont Voy date/Urn* Operator ■chodulo Locatfc N Jode 8 30.07.87 1700 MAPI F7 0800-0900 CI Plane to 26N 30.07.87 2000 Borneo F5A 1100-1200 P3 SS Bridge 61W 30.07.87 2200 Kowasoki F5A 1300-1400 El A4
      832 words
    • 126 28 Am/Port Viscosity Dontity Water C8T at 50C Q/ML at 1SC Vohaaa 0/0 Africa/Red Saa Joddah 35/191 0.923/0.970 0.1/0.8 Durban 24/176 0.950/0.992 0.0/0.3 Arabian Gulf Ras Tanura 154/190 0.947/0.950 0.0/1.0 Bahrain 168/183 0.976/0.978 0.1/0.1 Europa Rotterdam 29/504 0.948/1.010 0.0/1.6 Hamburg 33/427 0.944/0.989 ao/o.6 lo Havro 23/439 0.922/0.987
      126 words
  • Page 19 Advertisements
    • 789 19 i SHE HAD POWER. SHE NEEDED LOVE. SHE WANTED REVENGE. Km ma Haric is A WOMAN OF SUBSTANCE But whal is the price she has paid? Available at all good bookshops OigENTOVEIQEAS Q**t<um\ LINE NORIH «MIRICA ATI ANTIC EXPRESS (ROUND IHI WORID ROUTING XPORT IMPOP SBSnMC MffWQ ABBWB <■» Nf.
      789 words
    • 70 19 AMDS THE OWNERS of the Malaysian freighter hit by rockets off the southern Japanese island of Okinawa on Monday night have filed a complaint with the Japanese Foreign Ministry. Pag* II LLOYD s Register is to doss the world's largest gas carrier, now being built by Mitsubishi Heavy Industries. P«g«
      70 words
    • 475 19 1)1 HIM IS! HVACfW JJVI'J v H«w B.E. Ada ■P«t Ike HH AWOUt. nuoc OAMOCHOOt Arttabhxn Good Bookshops MAERSK LINE MIDDLE EAST SERVICE FAST TRANSIT SIN/RIYADH II DATS SIN/SHARJAH —U DATS Th« waak Planhn Ctoatng Tma CY M 0400 HRS CFS V 8 1800 MRS AXEL M CECILS M Th«
      475 words

  • Page 20 Advertisements
    • 327 20 TRANSPORT TEL* 03-*****50 MALAYSIA SON. BHD. TLX: ***** MTM EUROPE/FAR EAST CONVENTIONAL SERVICE VSL PT. of LOG. DATES PT. KLAMQ KARYATtS Roatocfc MM 2M ELEFTNCRIA II I—ingMw Jl-3/1 2M CLAK Lurtuk-Hiwturf 27-S/l 5/9 TM Luafcart-Saaacjw-Realacfc 22-31/7 3/1 TBS Hanhurg-Antwerp O-ifi tfi TtN Rria»n li«Ml<n-Mw>yrg-Aw(wrf 13-24/1 JSfi TIN IJaailden-Santanoer 24-31/1 1/10
      327 words
    • 18 20 Lines and services represented by -Members of the Registry of Accredited f?w7E\v\) Shipping Agents, Singapore National Shipping Association.
      18 words
    • 238 20 CHA RGEURS RE UN IS f*. m -> *Gf NTS SINGAPQOf *NUO FRENCH SMPP'NG lel 727*111 Teifi BV.SVT 1 J i rSSKV. 141SC AGENCIES SC P l P* *P S3 PfN <vT4'. G«jrtjulk AngiO f'eoc* pj P» w-r PI N CT4S 815 Barber Blue Sea SuperCamers for roll-on/roll off and
      238 words

  • Page 21 Advertisements
    • 683 21 The Straits Steamship Group f STRAITS SHPPMG Singapore to Sabah, Sarawak, Bnmai Porta and Bangkok J Mansfield Container Shipping Pte Ltd < :nu:'A .hii I >: TFnFtt SERVICE TO UK/CONTMENT: rpn min rw nq nmmrrnm u» ms as am ap on ap as iw an w v an w an
      683 words
    • 522 21 EUROPE MED USA PANAMA n "M rm Vf 711 n.M ■F 7K UN 1711 111! (ill 17.11 m m ai.ia an mi mi in: Inn ■F 7M 1711 fell IZ.II 14.11 till 17.11 ILH lUI ZLM ail M mnn I-Mil JIM 1 I'T 7ii 17J7 tun run M 17Jl lUI
      522 words

  • Page 22 Advertisements
    • 248 22 COSTAINERSHIP SERVICE TO UK CONTINENT All UK INLAND DESTINATIONS. KIFAST. DUBLIN COPENHAGEN, AARNUS, QOTHENRURG, HALM. HELSINKI. OSLO. /URSTEROAM CAJNNEAN AI AMERICA CONV SE_M! CONTAINER SERVICE TO EUROPE CONV SEMJ_CONTAINER SERVICE TO WED EUROPE TTiTT CONTAINER SHIP S E RVICE FROM UK CONTINE NT mm SOUTHEAST ASIA PTE. LTD. INTERNATIONAL FREIGHT
      248 words
    • 775 22 FULLY CONTAINERISED SERVICE rTO FUROPt VIA Sllf /1 a M mh nl ,hf r Co ACE CONCORO MN «B KOREAN CHANCE SIN W NEPTUNE tMAMONO 71W IJ/I ORIENTAL CHIEF SM M KOREAN JACEJIN 4M JW 22/1 a/i W 2W 27/1 21/t 2M 30/1 1/1 30/* 1/1 2fl 4/1 V» 6fl
      775 words
    • 342 22 HAKH MMt IiSKH* INi. I II lII' win: EXPRESS FCL/LCL FORTNIGHTLY CONTAINER SERVICE TO MADRAS HALOtA CALCUTTA CHITT AQONQ CHALNA PRL* MAD* HAL* CAL MO ULA* CT6 H» am um mm mm mm nm Agante- SHARIKAT TRANS-ORIENT SDN. RHD. SINGAPORE *****10, *****56 PORT KELAMG: 3SS7IS4/5 orientUß i.ivG JAKARTA TEL: *****7J,
      342 words
    • 679 22 0 EVERGREEN Round T ho-World Fast Bound (f F>C A RIB USB Clt IJ R() fF Round-The-World West Bound (FF/FURO USEC/CARIB ft) EVER GUEST IVU 6000S EVER GROUP EVER GARDEN EVER GIVEN EVER GOING EVER GRAND AUO ACCEPTING SGP HK FLX RIM AM UN IK IS 11 111 27/1 nit
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  • Page 23 Advertisements
    • 421 23 v PACIFIC INTERNATIONAL LINES building, 40 Cecil Street, 03-00 Singapore 0106 Tel: *****33 1 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE MY MM SIN BLW MM bm «m m tin I* h ait m ii/b iu iv« it MA FORTUNE 4727 m BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE RED
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    • 156 23 *y< MOMULK CARGO SERVICES LTD. REGULAR CONVBmONAL TIMBER AND PLYWOOD SERVICES TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL XXM MALAYSIA SP YEO SHIPPING 4 TRADING Kl PK *B*lol PfNANG TANJUNG MAB'NE SDN BHD TIL &2*S?5 SABAH TRANSPAC K K 5M88.*****? PACIFIC NAVIGATION CO.
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    • 348 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT mm fMAWi mm mvm itk pjuMnwn m mtn, MM MM MM MM MM MM U/7 NM. KAO Mm v» im m an an |un un jit. > ALL VESSaS ACCEPT TRANSHIPMENT CARGO ■pajipm SM NM NOUMA SWA
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    • 398 23 DJASAGETRI A Joint Europe Sflrvto* Of. P.T. BJMUITA LL6YI P.T. BESDRI LLOYB p.t. mmm rnhbk p.t. tmmm urn m m? ANTWERP VESSEL/VOY SPORE BILBAO BREMEN A'DAM/R'DJkMH'BURC SRfWIjAYA/21WB 15-11/1 14/1 Li. tOWTAM/UM 28-2 M 28/9 2S/» ID OCCAM NiMM 5-7/1 HI 7/lt »l 12/11 M|ml to Muoomont Also occspMm cargo to
      398 words
    • 396 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR LOIKAW V 123 M AN VII3W SIT-TWAY VJII HANDALAY VU HTONEYWA V22CW loading for Europe (Burmese National Line) Loading for Rangoon S pore P.Kdang Penang Bai a Jut/3 Aug »/10Aug w Au| 11/1 5/7 Aug ivi; ami Dttchjrging only 11/13 Ami fit. BANK LINE
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  • Page 24 Advertisements
    • 1025 24 uriE SHIPPIfIG-DfiTfi ATLAfITIC COAST (Round-The-World Service) WW SPOKE LB N. JADE VI SM 31 Jul 22 Aim ORIENTAL FAIR V 4 1 Aug 7 Auf 29 A* •VIA FEEDER PACIFIC SOUTH-WEST NYC HFX 5 Sap S Sap US* ICS* FEEDER VSL N. JADE VS 0. FAIR V 4 •VIA FEEDER
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    • 290 24 AtupiH LCL and f- r r *;-,'Tr Mr' Til' Till A 1«, HAVAKAWA MARU J4J3T S.A VAAL 3SUF NEDLLOYD COLOMBO XZ2K OSAKA MARU SMC S'port Durban P.Cliz a/7 up u#i m xn jm JARMNE SNIPPING AGENCIES (REG. MOM OOK) IB CANTONMENT NOAO iU-OS SOOTHWINT, SINGAPORE 0201 I* 2MOU TELEX NO:
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    • 675 24 zj a AUSTRALIA EXPRESS CONTAINER SERVICE AccaplWn FCUFCL Contain*™ fmtm PMh| IUMr taS S per. 11Mb Finn Sydn Ato Am* VJS 2 Au| 17 Aug 2t Au( 24 Au| AM/Btn STENTS, 1» A* "CHANOIOAS Vi? J S«pt II S*pt 27 S« 25 S«* W+* CALABAR YJ7 21 Au« "KABIRQAS" Y.
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    • 791 24 GOLDEN LINE WK gimm gum SHrrwe <prt) in V 23. !«tt hr* IP T -N murm mm la vmjmi <m ukd fm: mm STRAITS/PERSIAN GULF SERVICE: S>« 001KN WONDER Cotvnto/lUradM/Oiitoi Am| 00CDCN BEAR CotomDo/toradw/Dutie. U|M%- CHINA SERVICE A VESSEL Shan*a«/H*fcan| 2/4 Am| CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC
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    • 394 24 PHILI onKNT LIN€S PTi LTD KAO rft u fc? ROE nscn c tfßo a- a r„ io.n: f- .A' THf« R r M (.'•> EAST/TAR EAST Fa U3. utJt H. ROM. ROM. mm r*T 1 VRLITTA. MM. OMOIITI UM. FITOWI. STON. .''l'■ M' ,'n'»■ SMFNRMBCO OAKIAM. LOS ANMLES. LOM KACH.
      394 words

  • Page 25 Advertisements
    • 719 25 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD. EUjAUST TPA/Sil Tarminal CTS ROOKINCS: HW42 bub mm SE! ESS NEPLINE SDN. BHD. MM NEPLINE SON BHD. tum NEPLINE SON. BHO. umWMVBmiAITtU NEPLINE SON. BHD. Z»M/23M1 SaM In Pa (2m w (m w (U/l) 13/t (iM) m (2SB) 27/1 0 CHIEF K
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    • 450 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG PENANG. BUSAN INCHON Sport PK W M 11It IS/I nit P Kolang Butan Moji Vt lt/l 22/1 tit m 2M iw !M M 1M 21/1 3/1 2VI VI 11/1 lit tUt Kit 12/1 23ft tt/t No J Donam/70SN M.
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    • 501 25 #SNSOV 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 PENANG y HANDLING WTBj COi SON. RMO Ml Ml THONG SHIPPING 117 PMMStmt NwlMp SETjkJM
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  • Page 26 Advertisements
    • 447 26 SINGAPORE SNIPPING CORPN. (PTE) LTD. TEL: 225-6868 (30 Lines) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD FAX NOS: *****39/*****76 VE B DEUTF RACHT SEfcREEDERE I FORTNIGHTLY FULL CONTAINER SERVICE TO EUROPt FAMtLANO 107 ir 1 1 v i' OXMII9 C9II •VIA COLOMBO: Accepting cargo tor INDIA Bombay, Cochin
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  • Page 26 Miscellaneous
    • 171 26 n Regional Weather m i s S! S i 39 Sr m m SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AJfl. TtttS MORNING. LEGEND: C O w Wind direction with speed m knots Wove height One hah Heche represents 5 knots R Thunderstorm Temperature c A\ Shower Weather Wmd d*ection
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  • Page 27 Advertisements
    • 260 27 m mm m CALL US AT: P. KELANG PENANC J. BAHRU P. GUDANG SINGAPORE K. LUMPUR 3H5753/36t7111 04-€*****/4, (***** 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE B. BUT AM m MTHR VSL TOYAMA ■:v I.mbvii: irr.M T7TT rm VA'.i* rm C 2 OTHER DESTINATIONS:
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    • 237 27 MN CONTAINER UNE USA 2/8 TO: LA/LB, OAK/SF, N.YORK ACCEPTING LCL/FCL TO ALL PORTS/I PI TRANSTAINERS UNE WEST AFRICA SERVICE PEN/PK SIN TO: DAKAR, CONAKRY 2M a ABIDJAN, LOME Uk 1$ CONTONOU, DOUALA LIBREVILLE, PORT GENDL P. NOIRE, LUANDA DAILY ACCEPTING LCL/FCL TO:CUM *MN MUD rr.aw mbimiu •mm PORT TO
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  • Page 28 Advertisements
    • 505 28 JM• FARGO SHIPPING COMPANY(PTE)LTD REGULAR EXPRESS FULL CONTAINER AND LCL SERVICF MBOUND AGENT FOR ABC CONTAMERLINE From USA/Canada/EurofM/ltoditorranMn Vat BRUSSEL ANTWERPEN C. VEROLME TUT EXPRESS roircrTnirM ETA SINGAPORE BUNGA KEMUNING USN 31/7 SIRI BHUM 331N 1/1 VIRA BHUM 24 13/9 KITI BHUM U«N 3/1 BUNCA BUTANG 362 4/1 4/1, W,
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    • 563 28 S M N (SOCIETE MAURICIENNE DL NAVIGATION) f INDIA OCEAN, SOUTH/EAST AFRICA REGULAR SEMI-CONTAINER SERVICE LOADING FOR Pt Louis, Reunion, Durban, Capetown, PI Elizabeth, Tamatava Pt Louis, Reunion, Durban, Capetown, Pt Elizabeth, Tamatave SEALION SHIPPING (S) PTE LTD T f i 'ito] i' TFL f RS 4 n-l i F
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    • 39 28 FT. UNITED SHIPPING f »y* ORGANISATION LTD X DIRECT REGULAR SERVICES «fc JAKARTA SURABAYA* Jr Accept cargoes to all other Indonesian ports with transhipment at VSL P JAW A P SUMATERA P JAWA P KALIMANTAN A PURNAMARGA P KALIMANTAN
      39 words
    • 350 28 M Mitsui OS K. Lines JLtd CONVENTIONAL/SEMI-CONTAINER LOVCEN EAAIA 06 Aug Mombasa. Daressalam. Tanga ASTRA PEAK SWA 26A 04 Sep Port Louis, Reunion I C 1 SUBJECT INDUCEMENT 1 WATERGEUS WAA7A RAINBOW AVENUE WAB3A Rmks: Subiect Inducement HAYAKAWA MARU 3433F S A VAAL 3531F NEDLLOYD COLOMBO 3630F OSAKA MARU VOY
      350 words