The Business Times, 3 August 1987

Total Pages: 30
1 30 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 MONDAY, AUGUST 3, 1987 75 CENTS
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  • 508 1  -  Discreet approaches made to potential buyers By LOH HUI YIN AS PART of the government's divestment policy, Temasek Holdings is selling its stake in two oil storage companies. Discreet approaches have been made to trading houses and oil companies to buy over
    508 words
  • 306 1 SURPRISINGLY healthy utilisation rates have been chalked up by oil storage facilities Van Ommeren and Paktank, reflecting the heavier trading volumes in petroleum products out of Singapore. For Van Ommeren. which now has a storage capacity of 800,000 cu metres at its
    306 words
  • 162 1 AFP THE SOUTH KOREAN government has said it will not intervene in labour disputes which have spread across the country since the announcement of sweeping democratic reforms last month, press reports said yesterday. Minister of Labour Affairs Lee Heun-Ki clarified what he
    AFP  -  162 words
  • 87 1 AP ART AND literature in China must promote the government's reforms, a Communist Party official told 100 representatives of art and literature departments in Beijing. He Jingzhi, deputy director of the party's Central Propaganda Department, spoke at a meeting last Tuesday and Wednesday, the official
    AP  -  87 words
  • 403 1 Reuter THE FATE of Sri Lanka's ethnic peace accord hung yesterday on the word of the Tamil Tigers' guerilla chief Velupillai Prabhakaran. The 33-year-old fighter was said by a Tamil spokesman in India to have left the south Indian
    Reuter  -  403 words
  • 64 1 AFP JAPAN PLANS to upgrade its anti-submarine warfare capability by buying the latest version of US-developed submarine-spot-ting P3C patrol planes, the economic newspaper Nihon Keizai said yesterday. The planea will counter Soviet submarine power buildup following the Japanese Toshiba Machine Co s illegal sales of sophisticated machine tools
    AFP  -  64 words
  • 608 1 AFP INDONESIA, having weathered the fallout from last year's plunge in oil prices. is now beset with internal monetary problems that threaten to delay economic recovery, bankers and economists in Jakarta say. Recent speculation in the local foreign exchange market has resulted
    AFP  -  608 words
  • Page 1 Advertisements
    • 354 1 a ii Need a housing loan? am; FOONG 737-7977 I|aCJ VVky(Lx*ig Mortgage And Finance (S) Ltd A wholly-owned subsidiary of Hongkongßank 6 Claymore Hid #03-01 Claymore Plaza Singapore 0V22 HSUAN OWYANG is a banker with a Confucian mind and a Bostonian spirit. He received the Distinguished Alumni Award of the
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    • 245 1 Sri Lanka aanda 900 mora troops south, Paga 4 MARKET REVCWS MONEY EXCHANGES COMMODITIES AIRCRAFT SCHEDULE CROSSWORDS TV I RADIO BRttTOW JAPAN'S CURRENT ACCOUNT and trade surpluses fell again in June, fanning hopes that in 1987 they will be well below last year's record highs, economists said. Page 4 DIPLOMATS
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    • 24 1 BUSINESS TIMES I you Mid to call ut.* News Desk: 7IWm Companies Desk: 7JOS #05 *****81 Market Indices: *****40 Fax: *****71 Telex: RS *****
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    • 99 1 d mercE a 35§rE Shipping Times comes as a separate section today. Make aura you gat your copy. Because ofYichiyo& enthusiasm, no other airline can offer you this: i 3 J ■V > r w <>- THE JAL PLEDGE As highly trained and dedicated professionals we will confidently do our
      99 words

  • MANAGEMENT
    • 1815 2  -  Hsuan Owyang is a banker with a Confucian mind and a Bostonian spirit. He received the Distinguished Alumni Award of the Harvard Club of Singapore last month. SOH TIANG KENG profiles the Harvard school graduate. SOH TIANG KENG DUBBED the "banker-gentle-man", he is
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    • 563 2  -  By BOEY KIT YIN THE POTENTIAL of «mall- and medium-sized enterprises (SMEs) being a huge group of foreign exchange earners is immense if most of the 70,000 SMEs export their products and services. This has not been loet on the government, which has
      563 words
    • 722 2 FT DURING the last decade or so, a revolution has been taking place behind the sombre facade of the British funeral parlour. The familiar family firms which have dominated the undertaking industry for centuries have slowly, but steadily, been supplanted by a new breed of mini-conglomer-ates.
      FT  -  722 words
    • 940 3  -  By TONG SUIT CHEE ALL COMPANIES and their executives want to be innovative. In fact, the idea is getting quite fashionable at the moment among management circles. However, they do not make a distinction between different kinds of innovation, when they are
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    • 278 3 THE PREVAILING economic climate may appear encouraging. But business analysts believe that this condition is unlikely to persist. This is the economic scenario put before the 115 teams now participating in the 17th National Management Game co-or-ganised by the Singapore
      278 words
    • 209 3 TOP MANAGEMENT must look out for and understand the process of change which affects the present business world and the environmental forces which affect it. Senior managers need this understanding so that they can develop strategies for coping with change as
      209 words
    • 1157 3  -  A local trading company which can expect to turn over $70 million worth of business after only three years is indeed astonishing. What accounts for this quick success in such a short time? LILIAN ANG talks to trader Vernon Khoo, a man who
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  • Page 2 Advertisements
    • 541 2 The National University of Singapore, and The Science Council of Singapore THE MOLECULAR BIOLOGY OF HUMAN DISEASE: AN ASIAN PERSPECTIVE October 5-7,1987 The Westin Stamford Hotel, Singapore THE PROGRAM Three days of intensive discussions led by eighteen scientists of hrtnualhmal reputation responsible for many of the scientific triumphs leading to
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  • Page 3 Advertisements
    • 11 3 A 16-page survey on China according to The Economist. Nowon sale.
      11 words
    • 178 3 Now you can enjoy Mandarin Gardens' resort facilities for a month or more. If you want a taste of resort style living before your dream home is ready, Mandarin Gardens Full-Service Accommodation offers an excellent alternative to renting or booking into a hotel. The minimum stay is just one month!
      178 words

  • ASIA-PACIFIC
    • 395 4 Hopes that last year's figures will not be exceeded Reuter JAPAN's current account and trade surpluses fell again in June, fanning hopes that in 1987 they will be well below last year's record highs, economists said. Japan's seasonally adjusted trade surplus fell to US$6.BB
      Reuter  -  395 words
    • 96 4 Reuter TAIWAN'S unemployment rate fell to 1.75 per cent of the labour force at end-June from 1.94 per cent in May and 2.72 per cent in June 1986, the government Statistics Department said. Rising employment in electronic, transportation, equipment and service industries accounted
      Reuter  -  96 words
    • 176 4 AFP CHINA'S urban unemployment rate is expected to remain stable at 2 per cent during the country's seventh five-year plan (1986-90), Chinese Minister of Labour and Personnel Zhao Dong has said. Urban unemployment, which dropped from 5.9 per cent in 1979 to
      AFP  -  176 words
    • 286 4 Bernama-DPA A HOST OF political and economic developments has propelled the Philippines ahead, a year and a half after the revolution. But the country is still far short of its targets. Gains have been modest for a country plundered of wealth and
      Bernama-DPA  -  286 words
    • 171 4 AFP VISHWANATH Pratap Singh, the leader of dissidents in Prime Minister Rajiv Gandhi's ruling Congress (I) Party, has backed opposition demands for fe midterm general election. "Politically, that would be the neatest thing in the present circumstances.'' he was quoted as saying last Friday
      AFP  -  171 words
    • 116 4 Reuter SRI LANKA sent 900 more troops into the south to quell continued violence instigated by a leftist Sinhaleae group bent on toppling the government military officials said. As security forces grappled with disturbances in the south, Tamil rebels in the north defied
      Reuter  -  116 words
    • 874 4 ARRIVALS Operator number loco) Prow Mm* FT '4 0044 MAS MH621 0140 KUl GU GA722J 0225 HIP GU GA7124 0325 HtP su SQ41 0615 MAA AC AC580 0700 ra/8*U/Dtt MAS MH601 0720 KU su SQ43 0005 DHA/IOM MAS MH68I 0820 Km MAS MH811 0910 PCN MAS MH67I
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  • Page 4 Advertisements
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    • 57 4 I \[V I I A/ I The business person's chcxe. every I I II I I II II I Tuesday, Thursday, Saturdoy and Sunday. I 1 I I 9% ml Leaving Changi Airport at 22:05 I ly^J- 1 hours and arriving Heathrow early the following morning. Call your Travd Agent
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  • Page 5 Advertisements
    • 326 5 I l<>| ><'ll 111 Y. ill(oi*ltlil(K HI Iccllllolo^V will Im' commonplace a decade IVom imm: In the meantime. here's an e\ani|>le ol how il can boost our economy: rmii»>i aniw Introducing tlw new \lmv(k's-Benz S-Class. ®When you turn the ignition key of your new S-Class in the morning, something remarkable
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  • REST OF THE WORLD
    • 399 6 Unctad suggests new ways to handle crisis Reuter DIPLOMATS have sketched out a new draft accord on Third World debt, breaking the impasse at the United Nations Conference on Trade and Development (Unctad) in Geneva. Conference delegates said a small group of officials from the major
      Reuter  -  399 words
    • 311 6 AFP THE AMERICAN spacebased anti-missile defence system could cost an astronomical one trillion dollars just to launch, depending on the Soviet Union's response to the plan, a congressional study says. "Many of the variables that will drive up launch costs are influenced partially or
      AFP  -  311 words
    • 124 6 AFP SOVIET goods worth four billion roubles (US$6 billion) were not good enough to be marketed in the first half of 1987, according to the latest issue of a weekly economic review. The Economic Gazette reported the conclusions of a quality-control report (Gospriemka)
      AFP  -  124 words
    • 324 6 Reuter A SENIOR Hungarian Communist Party official on Saturday condemned the East bloc's trade alliance. Comecon. as inefficient and urged the introduction of reforms to make it more flexible. Rezso Nyers. a member of the party central committee and chief adviser of
      Reuter  -  324 words
    • 324 6 NYT DELIBERATELY mismarked or cheaply made foreign bolts, screws, nuts and other fasteners used by American industry would pose potential threats to public safety, the chairman of a subcommittee warned on Friday. "Foreign-made fasteners now overwhelmingly dominate our marketplace, and we are learning
      NYT  -  324 words
    • 243 6 NYT BRUCE BABBITT, a Democratic presidential candidate, has proposed a federal sales or value-added tax and has called for regulation of business executives bonus programmes. These were among the key elements as the former Arizona governor, in a talk last Thursday at the National
      NYT  -  243 words
    • 123 6 AP £ANADA has deployed four warships, seven coast guard vessels and reconnaissance aircraft off the Atlantic coast in an attempt to intercept a new boatload of illegal aliena rumoured to be sailing from Europe. "We're taking this rumour very seriously," Immigration Department spokesman Robert Greenslade said
      AP  -  123 words
    • 185 6 Reuter fti A NEW, strongly authoritarian >. leadership laat Saturday took;'* control of Paraguayan President Alfredo Stroessner's Party at a national convention that split the party into rival tions. Interior Minister Sabino Montanaro, 65, won the party presidency at the head of the
      Reuter  -  185 words
  • Page 6 Advertisements
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      108 words
  • Page 6 Miscellaneous
    • 71 6 IWjOWiHEE Max/ Not* Singapore OUTLOOK: Showers over several areas In (•port for 24 hours prior to 7.30pm on Aug 2 at lha tt.2 78 23J "w s w iuiwnin®., RatntaH In mm... RalnMl Ms mtti. Rainy days IMs r Nossau Naw Delhi Naw York Nicosio Oslo Paris Perth Rio 'Janeiro
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  • MONEY AND EXCHANGES
    • 754 7 The Union Bank of Switzerland EXCHANGE RATES showed almost no reaction to the considerable amount of fundamental data last week. This can be attributed to the market s accurate expectations of the economic news and a wait-and-see posture prior to the US Treasury's scheduled
      The Union Bank of Switzerland  -  754 words
    • 127 7 Reuter WEST GERMAN Finance Miniater Gerhard Stoltenberg said he believed the dollar would remain at current levels against the Deutschemark. Stoltenberg told Welt Am Sonntag newspaper yesterday that the dollar had stabilised after the February "Louvre accord'. He said that he saw West German growth for
      Reuter  -  127 words
    • 225 7 Credit Suisse First Boston (Asia) THE GOVERNMENT securities market saw some active trading towards the later half of laat week. However, the general tone of the market was bearish as dealers unloaded some of their long positions in anticipation of new papers to be issued
      Credit Suisse First Boston (Asia)  -  225 words
    • 208 7 ASIAN CURRENCY av«rag« iht w9#k deposit rates for I •naea July 31 MD P HM Low us 7 days 6 n/i« 6 5/8 1 north 6 3/4 6 5/8 3 IMMh 6 7/8 6 3/4 3 mw<» 7 6 7/8 6 nurtht 7 1/8 6 15/16 9 norths
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    • 418 7 Green and Collier Bullion STRONG Japanese bullion demand, technical factors and mounting anxiety in the Persian Gulf buoyed gold pricea last week to settle near the month's high. At New York's Commodity Exchange, spot gold ended laat Friday at U*****.10 an ounce, a jump
      Green and Collier Bullion  -  418 words
    • 495 7 PL* of bonks at tho do** of business on Friday, July 31, as suppUod by Iho Association of Ranks in Singapore. IndUalM Mm iwngt of •w prima tending rate* of 12 mi)of banks In Singapore BANK PL* Algemene Bonk 6% Allied Irish Bank PLC 6'/i American Express
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    • 263 7 UPI A CHANGE IN the psychology of the foreign exchange markets is expected in September, Dr Paul Chertkow, director of economics at brokers and analysts Hoare Govett in London, said last Thursday. The temporary preference of Japanese institutions for the US dollar, particularly in
      UPI  -  263 words
    • 211 7 Reuter EXCHANGE RATE stability should be a very high priority for the government, the Confederation of British Industry (CBI) said in a report just out. Companies are prepared to accept greater variability in interest rates in return for a more stable and competitive
      Reuter  -  211 words
    • 271 7 AFP TAIWAN'S foreign exchange reserves have increased by US$5OO million in four days to reach US$6l million, Central Bank governor Chan Chih-Cheng said on Saturday. The increase over the past four days was mainly due to the Central Bank buying US dollars to halt a plunge
      AFP  -  271 words
  • Page 7 Advertisements
    • 55 7 That's right! You can have the Southern Seas, the Padang and Raffles Place, and of course, historic Singapore. Whole-floor offices of 10£00sqft Parking-more than TOO lots Reasonable rental L"ii 111 U 11 I VA 111 Shaw Towers Owner Principal Agent Gokfcn Mb Hofcfing (P*«) lid. 4ft Jones Lang Woctton Phone
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    • 95 7 IWohops for us. w& ■■zs. -.A. <>%t* v One slop for you. From today, our Life Division will be at our new corporate headquarters in the heart of town at Cecil Street. (However, our Sales Representatives will remain at #15-00, Parkway Parade. Tel: *****33) On August 11, the ipi General
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  • Page 7 Miscellaneous
    • 62 7 Doonesbury W\ I IT. tm v. \4Li\ I KNOW WHAT YOLfRE TH*#JN6! *NY YOU, WHY HAS A AIAJOR. PRESIDENTIAL CANPtMTB ACCBS6&? yOUH MONTWRSTOSPENP HIS DOWN JIMS, TIMS, DOWNTIME* BY GARRY TRUDEAU ..MYAVER- HELLO* I WANT A6£rJoe, TOORP6RA MVS/MPLS DISCONNECT ON SfMON.MY MY CABLE' WHY* TO K-K-KEEPME IN TOUCH WflH THE
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  • BANKING AND FINANCE
    • 581 8 Government relaxing controls Reuter INDIA IS POISED for a boom in mutual funds owing to an apparent liberalisation of government policy towards them. Merchant bankers and stockbrokers said at least four more mutual funds could be added in the next few months
      Reuter  -  581 words
    • 325 8 Reuter PERU'S Economy Minister said on Saturday the government would go ahead with its planned nationalisation of the country's private banks despite a ruling by a civil court judge ordering suspension of the state takeover. A judge of Lima's 20th civil court.
      Reuter  -  325 words
    • 406 8 Reuter THE DECISION by Britain's two largest building societies to postpone mortgage rate cuts for their existing borrowers reflects the current uncertainty about UK interest rates, analysts said. The cuts have been put off to September after both the Halifax
      Reuter  -  406 words
    • 204 8 Reuter BRITISH-BASED Standard Chartered Bank is discussing the sale of its stake in South Africa's second largest bank as a prelude to disinvestment. Standard Bank Investment Corporation of South Africa said in a brief statement last week that it was "aware that discussions
      Reuter  -  204 words
    • 67 8 Reuter CUMULATIVE net profits of Bahrain's offshore banking units dropped 44 per cent last year to about US$73 million from US$l3O million in 1985 Bahrain monetary agency sources, quoted by the Bahrain daily Akhbar al-Khaleej, said offshore banks had recorded operating revenue in 1986 of
      Reuter  -  67 words
    • 640 8 Reuter THE SWISS FRANC has firmed against the mark in the last two weeks despite an emerging interest rate differential in favour of the German currency, and dealers say both short- and long-term factors explain the apparent paradox. Explanations range from
      Reuter  -  640 words
    • 185 8 AP POLAND has reached tentative agreement with Western commercial banks to restructure US$B billion of its more than U5535.3 billion foreign debt, the official news agency PAP reported last Friday. The agreement was reached in Vienna after several months of "long and tedious'' talks
      AP  -  185 words
    • 770 8 NYT IN THE MOST expensive bank merger ever, the First Fidelity Bancorporation of Newark announced last Friday that it had agreed to acquire Fideicor Inc of Philadelphia in a stock swap valued at US$l.34 billion. The deal, involving New Jersey's largest bank
      NYT  -  770 words
    • 55 8 THE United Overseas Bank Group will be opening a fullyowned subsidiary in Vancouver, Canada, tomorrow. UOB (Canada) will emphasise trade financing transactions between Canada, Singapore and the Aaian-Pacific region. The service» include call and term deposits, short-and medium-term financing, syndicated facilities, project financing, foreign exchange
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    • 117 8 DBS BANK has, for the fourth time. tapped the market for fixed-rate yen funds. It signed an agreement last Saturday with lead managers Taiyo Mutual Life Insurance Company and The Nippon Credit Bank Ltd for a 2 86 billion yen loan.
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  • Page 8 Advertisements
    • 310 8 the Gold con Stand\rd X .<* if >r V it r~n\ Gold is the one commodity that has long been valued as the basis for sound financial planning. Esteemed for its enduring value, gold has proven to be a long-term insurance against monetary, political, and social uncertainty. Investors are generally
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  • COMMODITIES
    • 413 9 Reuter AT LEAST five Opec member countries are asking for a premium over their official selling prices for term crude oil purchases, taking advantage of last month s firmer spot market levels. Irsn, Kuwsit and Qatar are asking for prsmiums from potentisl new term contract buyers
      Reuter  -  413 words
    • 188 9 THE TM PRICE on the Kuela Lumpur Tin Market roee 54 cento to M 516.60 a kg leet week due lo continued strong support from Europe, Jepen and local tredere. The merket wee eleo elded by higher European spot tin levels. Only scattered Intereet wee noted
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    • 122 9 THE Malaysian rubber market was slightly easier last week, with Aug Int RSS One falling 2tt cents to 258.00 (M) cents due to e lack of oversees demand. The market was easier on Monday due to a lack of buying intereet and lower Japanese and Singapore
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    • 310 9 London Commodity Exchange Bvyoc/S#W#f dodnQ tricot an July 31 (£/tomw unto u ipodflod). P r#vtou$ oofina oncsi in poromhesb Coflao lath In-Hor* London, toUofi opfton OF London S**> 1234/1235 (1225/1226) Wflh/W Nov 1237/1225 1254/1255 r (1255/1256) Ugh/Low Mm 1264/1250 (1222) Cocoa S*P 1306/1309 (1304/1305) High/Low 1315/1306 Ok 1344/1345
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    • 76 9 Reuter ANALYST Stewart Spector of Furman Selz reiterated a strong buy recommendation of aluminium stocks last week, emphasising that he remained very bullish on aluminium prices. "Customers havs not built inventories and customers believe that aluminium is in tight supply," Spector said, noting that he expected the price
      Reuter  -  76 words
    • 1383 9 Investors wary of Gulf tension AP ATTENTION TURNED to the precious metals sector of the commodity markets last week, where gold and platinum rose to their highest levels for two months. Heightened tension in the Middle East Gulf and in South Africa, coupled with the dollar's
      AP  -  1,383 words
    • 166 9 Chinese Produce Exchange SfUffi' noon cMrq prt August 1 (SI/100 kg) BM on Coconut oil Bufc FO# 95.00 OM drum FO« 105.00 Ktow drum FO» 109.00 Copra MJx«d (too**) 54 Pepper Mynfofc Mtor* FOB N1W 1150.00 TjujiljjI |f|HOOfOWOK WTKIf F08 foq NLW 1135.00 Modi FOt NiW 927 JO
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    • 166 9 SOYBEAN FUTURES in Chicago, which stood firm for most of last Friday, turned mixed at the close with most prices settling at the day's lows. Prices finished from up one to off US cent per bushel with November ending K cent lower at USss.2s*. Latest private weather forecasts for
      166 words
    • 174 9 WHEAT FUTURES closed firm in Chicago last Friday, oft the day's highs, with prices up 2* to 4 US cents per bushel. September settled up 3* cents at US$2.6l Reports that Brazil and Colombia had been offered 300,000 tonnes of wheat under the export enhancement programme by the USOA
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    • 293 9 Bernama ES CRUDE PALM OIL futurM were traded slightly higher on the Kuala Lumpur Commodity Exchange iaat week due to unconfirmed reports that India had made purchaaea. Spot month August increased MIS to Ms6B2 and September gained Ms 2 to MS6BO. The market, which waa slightly steadier last
      Bernama ES  -  293 words
  • Page 9 Advertisements
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    • 499 9 Singapore's First Gold Fund Why invest in Union Gold Fund? Many international stock markets have been enjoying bull runs for several years now. To the extent that some investors are turning to Gold to diversify their portfolio and provide a hedge. Gold is one of the most dependable and durable
      499 words

  • THE ARTS
    • 640 10  -  SHAUN KOH AMERICAN MUSIC took two centuries to develop its own identity. But when it finally did in the 20th century, it blossomed at such a rapid pace that America was thrust suddenly into the forefront of world music. From a follower Americans had previously looked to
      640 words
    • 1128 10  -  CD Reviews By SHAUN KOH THEY ARE NOT audiophile quality recordings, and they may not be totally digitally produced. But many of the selections on these discs are classics. Besides, the discs are not full-price discs. Furthermore, you can get at least an hour of
      1,128 words
    • 487 10  -  By WALTON MORAIS IN A YEAR when the world is preoccupied with nostalgic anniversary reminiscences of Flower Power and the Beatles' Sergeant Pepper s Lonely Hearts Club Band, the timing of the Singapore Film Society's August offering couldn't be more appropriate. The Society's Friday
      487 words
    • 534 10 THE Singapore Youth Orchestra does not play as frequently as the Singapore Symphony Orchestra. Nor are its players full-time professionals as the SYO is a student's orchestra under the benevolent management of the Ministry of Education. So it would be worthwhile to hear
      534 words
  • Page 10 Advertisements
    • 198 10 LKTUS Backed by 39 yaara ot wperiance TOKYO BUSINESS PACKAGE from 1699 Choice of airlines hotels KEIO PLAZA (Inter- continental hotel chain) SUNSHINE-CITY PRINCE (Including breakfast) FOR DETAILED ENQUIRIES 16 Raffles Quay 61-36 37 hong Leong Bldg TRAVEL r*****77 TA 062 CONTINENTAL CLUB caters only for the Business Executives at
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  • Page 10 Miscellaneous
    • 676 10 mmfrWl ®SD3§S3(DOI) CRYPTIC PUZZLE ACROSS 1 Bit of a dust-up with a paint distributor (5) 6 Snag No. 22? (5) 9 Toiler who makes his own mark (7) 10 Half cut part of a garment (5) 11 Joey's bag (5) 12 Spring in the country (5) 13 An ex-champ goes
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    • 41 10 is tmptt Copyc/HTS To T H e uPpeR crust) I'D SOO OF TH£. RDODLJING 'Si£ <?eGINRLO RNO LADy 'NVITO YOU I SCOuT HUT T<3 THGJR RHNUPvL. G>RRDeN V U 1• HG.LD IKJ TMC GROUNDS OF DUNU)eLJL. mRNOf? J v s -m4\
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  • PERSPECTIVE
    • 902 11 THERE IS an urgent need to provide new incentives to develop appropriate technologies in Third World countries, now that many of them are finding it unaffordable to use western technology. Fortunately for them, multi-national companies are coming to their rescue. Reuter toANY THIRD WORLD
      Reuter  -  902 words
  • Page 11 Advertisements
    • 715 11 B H I P (The Precious Metal most know precious little about) -w ...v.w e V 1 M w, VUIUUOICU IV MUH at 1064.3 and silver at 961.93. Platinum is all but impervious to acids and does not tarnish. Moreover, this truly unique metal is a catalyst, capable of triggering
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  • Page 11 Miscellaneous
    • 1248 11 to (md mm 9.30pm, Channel 5 f i A colourful period drama showing off some fine talents in an exotic, romantic tale about a young American heiress who is kidnapped and forced to join the harem of a Middle Eastern sultan. Starring Nancy Travis, Art Malik, Julian Sands, with Omar
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  • SPORTS & LEISURE
    • 341 12 AFP A DRAMATIC last-leg effort in the Admiral's Cup Channel race by Britain's top yacht Indulgence has put the British team provisionally in the overall lead. Graham Walker's yacht pulled up 13 minutes in the last leg yesterday, putting Britain 24 points ahead of
      AFP  -  341 words
    • 351 12 UPI DENNIS CONNER, who has been accused of arrogance in a sport long perceived as elitist, says he is uncomfortable with his fame and reputation. "I'm just one of the guys It's true," said Conner, who popularised yacht racing and returned the
      UPI  -  351 words
    • 413 13 AP CURTIS STRANGE and Andy Dillard both birdied the final hole to share a one-stroke lead after the third round of the U*****,043 St Jude Classic. The late birdies on Saturday gave Strange and Dillard matching totals of 10-under-par 206. Hubert
      AP  -  413 words
    • 237 13 Reuter US OPEN CHAMPION Laura Davies of Britain continued her see-saw defence of the Women's British Open golf title in St Mellion, England, on Saturday by slumping to a six-over-par 79 to fall two shots off the lead. As American Muffin Spen-cer-Devlin moved
      Reuter  -  237 words
    • 454 13 UPI TONY TUCKER, a heavy underdog even when healthy, fought Mike Tyson on Saturday night with an injured right hand. For that reason, his showing was all the more surprising. "The 12-1 odds weren't 12-1," Tucker said after he lost a unanimous decision to Tyson
      UPI  -  454 words
    • 470 13 Reuter MICHAEL SPINKS. who could have faced Mike Tyson for the undisputed world heavyweight crown on Saturday, says he wants to fight the young champion who unified the title for the first time in nine years. Spinks, who was stripped of his International
      Reuter  -  470 words
    • 347 13 AP PAM SHRIVER and Chris Evert won their singles matches to propel the defending champion US past Bulagaria and into the finals of the Federation Cup tennis tournament. The top-seeded Americans will play third-seeded West Germany, which upset second-seeded Czechoslovakia 2-1, in yesterday's
      AP  -  347 words
    • 286 13 AP TOP-SEEDED Ivan Lendl stopped Jimmy Connors 6-4, 7-6 on Saturday night to join Brad Gilbert in the finals of the U*****,000 D C Tennis Classic. Gilbert, the No 4 seed, advanced by winning 10 of the final 11 games to beat second-seeded Boris Becker
      AP  -  286 words
  • Page 12 Advertisements
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    • 85 12 m 4 At the Kasbah July 23 to August 3 fT S3 333 Orchard Road, Singapore 0923 TH: 737 4411 PENINSULA oHOTEL. t Z7 3 S3 r" l As-:. £3 3 Cnleman Street Sinqauore Ofil 7 Tel *****00 I \oiic North Indian cuisine In I he Mol'u! era. I)ail\ hultot
      85 words

  • Page 13 Advertisements
    • 493 13 ••*:> a IS in (^rtll So much to choose for only $16.50 A sumptuous spread with many different types of appetisers, hot and cold soups, a saiad selection superb pastries, truffles, fortes cheese board fresh fruit.. freshly brewed coffee. All for $16.50 And for $26.50 you can add a roast
      493 words
    • 135 13 SWISS LOBSTERS? 7/t f m s* 3v EVER HEARD OF SWISS LOBSTERS? Neither have we. We get ours from Maine, U.S.A. Large, meaty lobsters. Imported live and lovingly grilled or boiled to perfection by our expert chefs. This season, a special price. Only $35 for a whole lobster. And, while
      135 words

  • MARKET REVIEWS
    • 5384 14  -  r Singapore P L 4 By LISA LEE IT WAS A PERIOD of volatile trading in the Singapore stock market as market indicators plunged and peaked erratically on the first two days of last week. Investors were in a rather hesitant mood resulting in lower
      5,384 words
    • 586 14 K. Lumpur L*i d MBT THE KUALA LUMPUR stock market saw the return of strong buying interest among quality issues and blue chips in four sessions out of five last week. Selected lower priced and situational stocks were also well sought after. Fuelled
      MBT  -  586 words
    • 597 14  -  Week ended July 31 compiled by JULIANA TAY SCRIP ISSUES First Capital: Proposed shore swop of two FCC shores for one new UIC share. MCB Hldgs: Proposed bonus issue of one-for-one and rights issue of one-for-one at $1. Public Bank: Proposed bonus issue of one-for-four
      597 words
    • 747 15  -  Stocks struggle to regain losses despite week of good news T— jlDJpl London By RAY HEATH ALL THAT WAS NEEDED to get the UK stock market back on its bull run, argued the pundits, was firm evidence that the economy was not over-heating. Throw
      747 words
    • 646 15 b» j I Hongkong m SHK Ltd THE HONGKONG stock market started another record-breaking journey last week after the recent consolidation. The buying spree emerged last Wednesday and accelerated its pace when the Hang Seng Index sailed through
      SHK Ltd  -  646 words
    • 787 15 J ew or < S=l M a UPI THE NEW YORK stock market advanced every day last week in a clean sweep that sent the Dow Jones Industrial Average and other closely-watched market indices to successive highs in active
      UPI  -  787 words
    • 366 15 H AFP THE AUSTRALIAN share market closed confidently higher last week at record levels as investors chased base-metal and gold-related stocks following sharp rises in commodity prices. Brokers in Sydney said last Friday that demand had been bolstered by advances in bullion, silver and platinum
      AFP  -  366 words
    • 139 15 UBS THERE WAS no sign of a summer lull in the Zurich Stock Exchange last week. Demand continued to be for the well-known Swiss names. The market's solid ratios continued to be reflected in the downtrend for money market rates. The market for
      UBS  -  139 words
    • 365 15 ■■II m Tokyo L'vyJ AFP THE TOKYO Stock Exchange continued its cautious recovery last week although the 225-issue Nikkei Stock Average fell back on Friday for the first time in eight sessions to close at 24,488.11. The Nikkei Stock Average opened last Monday
      AFP  -  365 words
    • 236 15 H ■k-'j Amsterdam j NMB Bank THE AMSTERDAM Stock Exchange last week did not succumb to the traditional summer sleepiness as the takeover battle in the publishing sector continued unabated. Last Thursday was especially a hectic day, being the last day on which Kluwer shares
      NMB Bank  -  236 words

  • Page 15 Advertisements
    • 26 15 TRADER VK'S t>l Siin fr l nni>ttt sth level I'nU faiS Hotel New Otam River Vdlley Road /\C^hllftilfll j. —.jp Sinqapore 0617 I turner Tel 337-2249
      26 words
    • 483 15 NOTICE NOTICE IS HEREBY GIVEN that, I Lee Lian Hua of No. 6 Merino Crescent Singapore (0314), have applied for a First Class Beer House licence in respect of premises at M/s Flying Horse Restn at 687 Alexandra Road Singapore (0315); and that this application will be heard in Court
      483 words
    • 541 15 NOTICES MALABAR CHEMICALS PTE LTD (In Voluntary Liquidation) At an axtraordinary general meeting of Malabar Chemicals Pte Ltd held on 27 July 1987. the following Special Resolutions were duly patted: 1. That Malabar Chemicals Pte Ltd be wound up voluntarily and that Messrs Roger Philip Edmonds, Jeffrey Heng Ghee Seng
      541 words
    • 589 15 IN THE MATTER OF THE I COMPANIES ACT, CHAPTER SO ART GRAPHICS INTERNATIONAL PIE. LTD. MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary I General Meeting of the i Company convened and held at One Raffles Place #30-00, OUB Centre, Singapore 0104 on Thursday, 30 July 1967 the following spei clal resolution
      589 words

  • COMPANY NEWS
    • 538 16  -  Full year target of $1.2 m likely to be exceeded By NAJEEB JARHOM SESDAQ's pioneering company Singapore National Printers has disclosed an impressive set of interim results. The leading commercial printing firm's post-tax attributable profit soared 225 per cent to $1.04 million
      538 words
    • 503 16 UIC-FCC exchange ratio UNITED INDUSTRIAL Corp said the exchange ratio of one new UIC share for two First Capital Corp shares was a commercial decision arrived at on a willing seller/willing buyer basis. The increase in the net tangible assets of 19 cents per UIC share was arrived
      503 words
    • 208 16 IN ASKING shareholders to vote in favour of the bank's acquisition of Industrial Commercial Bank, United Overseas Bank has outlined briefly the financial effects of the takeover. Assuming UOB acquires a controlling 50.1 per cent or 100 per cent interest in ICB, UOB's earnings
      208 words
    • 405 16 MM sircxscL» HOCK LOCK SIEW LIKE THEY SAY. necessity is the mother of invention. Prominent Mslsysisn property and hotel tycoon, Dsto Low Yow Chusn, who has made several unsuccessful attempts to sell his hotels to raise cash, may well have hit the right formula now. In
      HOCK LOCK SIEW  -  405 words
    • 598 16 MBT COMPANIES which have been approached by the Kuala Lumpur Stock Exchange (KLSE) on the proposed split of marketable lots to either 500 or 100 shares view the move with mixed feelings. An official from Genting said the proposal would enable the stock to
      MBT  -  598 words
    • 387 16 MBT THE MALAYSIAN Takeover Panel has come out with three practice notes which spell out the requirements, procedures and waivers of a takeover or merger. The secretary of the Foreign Investment Committee secretariat (also that of the Takeover Panel), Raja Ja'afar bin Raja
      MBT  -  387 words
    • 465 16 MBT CERTAIN PAST directors Of Landmarks Holdings are alleged to be linked to the events which led to the company suffering nearly Msso million out of the total M 599.6 million extraordinary losses last year Disclosing this in the latest annual
      MBT  -  465 words
    • 258 16 MBT MALAYSIAN Deputy Agriculture Minister Datuk Alex Lee and his family holding company. Irex, have collectively reduced their shareholdings in Roxy Electric Industries to 32.7 per cent or 44.39 million shares from 64.1 per cent or 86.96 million shares previously. Datuk Lee
      MBT  -  258 words
    • 123 16 PROMET BHD's Chang brothers Brian and Benety have returned to the Hongkong corporate scene with the purchase of a listed property and share investment company, Man Nin Investment Co. An agreement has been reached with certain share- holders of Man Nin for Tin
      123 words
    • 447 16 LAST FULL YEAR Company Dai* announced T «ar •ndtng H# EPS (win) Groa dfc Net prof* km yeor ($•000) Fed Coble* Interim Jun 87 6.***** S J Amai Interim Dec 19 Mor 86 7.3 527 Tasefc Qmtnmr* Interim Mor 18 Jun 87 116 15.0 17.356 Talam Corpn final
      447 words
  • Page 16 Advertisements
    • 89 16 |oT\v>T tePB 1 mm kv/M'-v; Wine and dine at a new restaurant with an age old tradition of impeccable service and authentic Shaslik, Borchst, Chicken a-la Kiev and, what we believe is, the best fish menu. All delicately prepared by Tony Han (Executive Chef of former Come today for an
      89 words

  • WORLD MARKETS
    • 1028 17 New York Reuter WALL STREET finished higher in active trading on Friday, chalking up its fourth record at the week and ending the month of July with a gain of more than 150 points. Aluminum stocks and paper producers provided a good deal of the
      Reuter  -  1,028 words
    • 210 17 Reuter A TOTAL OF 77 companies listed on the Korea Stock Exchange plan to issue new shares between now and the end of 1987. Securities Supervisory Board officials said the planned issues will raise 393.2 billion won. The 77 firms include Hyundai motor
      Reuter  -  210 words
    • 188 17 AFP THE BRITISH Burmah Oil company has denied it is negotiating to sell its interests in Pakistan to the British Premier Consolidated Oilfields company. Sources close to Burmah Oil in Karachi were reported on Thursday as saying the company planned to sell its stake of about
      AFP  -  188 words
    • 1189 17 Amsterdam JULY >1 ns 1ABN 406 00 -0 5 9660 AhoW ***** •0.7 169 00 04 148 60 01 AMEV 67 SO 01 Amro Bank 63 30 -04 Am Stad 121 60 -02 Barkal 14 40 04 BOtS 160 00 Borsumii ***** -15 Boafirman Tattaroda 56 10 -05 Calve 930
      1,189 words
    • 231 17 Reuter MCDONNELL DOUGLAS Corp may make only a small profit from jets it is assembling in China but sees the venture as giving it a lead over rivals bidding for a bigger contract. "We will make a small, modest profit if it works out as
      Reuter  -  231 words
    • 189 17 Reuter BRITISH GAS PLC declined to comment on a report that it ia near agreement to acquire Bow Valley Induatries Ltd, one of Canada's largeat oil and gaa exploration companies A report in the International Herald Tribune newspaper said the purchaae of
      Reuter  -  189 words
    • 358 17 A case of good housekeeping Reuter BRITISH CONGLOMERATE Hanson Trust PLC, looking to develop its business in the US, has amassed a "war chest" worth close to US$B billion, according to brokerage house analysts. Hanson, after several major acquisitions, said the previous week it would
      Reuter  -  358 words
    • 471 17 FT FORD, the second-largest of the US automotive groups, would be interested in looking again at the possible acquisition of Austin Rover, the UK's stateowned car company, said Mr Philip Benton Jr. executive vice-president responsible for all Ford's activities outside North America. He
      FT  -  471 words
    • 386 17 Reuter GIANT YELLOWKNIFE Mines Ltd, a subsidiary of Giant Resources Ltd of Australia, has offered to pay Dome Petroleum Ltd (OMP) US$4l7 million for a 19 99 per cent stake in Dome Mines Ltd. Giant Yellowknife president Dave Emery
      Reuter  -  386 words
    • 82 17 NYT THE DATA CARD CORP, a Min-neapolis-based diversified credit card products and services company, said that it had agreed to be acquired by family members of the German industrialist Dr Herbert Quandt for U5517.50 a share, or US$l74 million. Under the agreement, Data Card
      NYT  -  82 words
    • 943 17 London Reuter SHARE PRICES closed above the morning's lows on Friday but were still well down on Thursday's closings as the market again brooded on Britain's economic performance after the May trade figures and the outlook for UK interest rates. By the 1600 GMT close, the FTSE
      Reuter  -  943 words
  • Page 17 Advertisements
    • 113 17 Specialists In Ttogs Barges ■il LQD JwVitlMl KSg A m We've been in the tug and barges industry for more than a decade. We know the Ins and Outs of the industry. From chartering of tugs and barges to towing services and cargo transportation to ship rescue. We'll be able
      113 words
    • 36 17 NOTICE G K GOH (STOCKBROKERS) PTE LTD will commence operations with effect from 3rd August 1987. Address :21 Collyer Quay #08-00 Hong Kong Bank Building Singapore 0104 Telephone *****28 (General) Telex RS ***** GKGOH Fax *****22
      36 words

  • LATE FILE
    • 30 18 Reuter A PHILIPPINE government minister, Jaime Ferrer, 72, died yesterday in hospital from bullet wounds shortly after being ambushed near his home, radio and television stations announced.
      Reuter  -  30 words
    • 40 18 AFP NEW ZEALAND'S Labour Prime Minister David Lange and opposition National Party leader Jim Bolger clashed yesterday over the government's anti-nuclear policy in their only face-to-face television debate before elections on August 15. AFP
      AFP  -  40 words
    • 38 18 AFP THAILAND may face a resurgence of communist insurgency as some former members of the banned Leftist Movement, checked in the early 1980s, have returned underground, army chief General Chaowalit Yongchaiyuth has said. AFP
      AFP  -  38 words
    • 71 18 AFP THE JAPANESE city of Hiroshima, atomic-bombed in the closing days of World War 11, sent a message yesterday to Soviet Ambassador Nikolai Soloviev to protest against two Soviet underground nuclear tests. Hiroshima Mayor Takeshi Araki deplored in the message that the tests were carried out
      AFP  -  71 words
    • 41 18 AP A FIRE EARLY yesterday destroyed part of the historic Palais Wilson, the original seat of the League of Nations, burning artwork and causing some 50 million Swiss francs (US$3O million) damage, officials said. AP
      AP  -  41 words
    • 58 18 AFP HELD UP by his two middleaged daughters, 100-year-old Sadaichi Igarashi made it to the top of Mount Fuji yesterday for the 12th year in a row and he has no plans to retire. At 95, he became the oldest person to scale the 3,776-metre mountain
      AFP  -  58 words
  • 544 18  -  By GOH YEE LING THE GARMENT INDUSTRY is expected to reap record foreign earnings worth well over $1.26 billion this year. According to Miss Cheong Choy Hoong, manager of the Trade Development Board's promotion division, the industry this year is expected to sell
    544 words
  • 308 18 THE MORE politically conscious Singaporeans are, the easier it is for nation-building and the safer it is for the Republic, said Dr Toh Chin Chye, Member of Parliament for Rochore. Speaking at a National Day dinner celebration at the Queen Street Community
    308 words
  • 319 18 A DENIAL BY CHINA that it was planning to build a containar port in Shenzhen has put to raat fears in Hongkong of com petition from the mainland to its saa trada. According to a report in the South China Morning Post, Chinese officials
    319 words
  • 93 18 AP THE US government has called on the South Korean government to reduce retail prices of imported cigarettes. Seoul newspapers reported yesterday. Newspaper accounts said the US demand had been forwarded by Sandra Kristoff. Assistant US Trade Representative, who went to
    AP  -  93 words
  • 251 18 UPI MCDONALD'S may be coming to Moscow at least two of the famed fast-food hamburger eateries. The Moscow News newspaper said in last week's edition that a Soviet protocol on intentions has been signed with the famed fast food establishment. "It
    UPI  -  251 words
  • 150 18 AFP THE EUROPEAN Community and the United States are set for a new showdown in the spaghetti' trade war that has soured relations between the two for the past two years. Today is the deadline set by the US for an agreement with the EC
    AFP  -  150 words
  • 319 18 Bernama THE MALAYSIAN government is to implement a four-pronged programme to help resolve the problem of graduate unemployment in the country, in which latest developments show they are depending less on the government for employment. Disclosing this yesterday, Education Minister Anwar Ibrahim said the
    Bernama  -  319 words
  • 239 18 Bernama FORMER SABAH chief minister and Berjaya president Oatuk Harris Salleh has filed a suit for damages against Sabah Chief Minister Datuk Joseph Pairin Kitingan and three others for alleged libel contained in an article in the weekly news magazine Asiaweek. In his statement of
    Bernama  -  239 words
  • 348 18 Reuter REACTION in the Muslim world yesterday to Friday's violence in Mecca reflected the split between supporters of Iran and Iraq in the Qulf War and the division between Islam's Shia and Sunni sects. Libyan leader Muammar Gaddafi said an
    Reuter  -  348 words
  • 150 18 Reuter AN IRANIAN TEAM sent to Saudi Arabia to invaatigate laat Friday's Mecca violence in which more than 400 people died, has returned home after Saudi authorities rejected the request. The official Saudi Praaa Agency aaid tha delegation was welcomed on Saturday in tha
    Reuter  -  150 words
  • Page 18 Advertisements
    • 320 18 Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available. 1. Three companies to tap the bond market issues worth $245 million in the pipeline. 2. Hock Lock Siew takes stock of margin trading a double-edged sword. 3.
      320 words
    • 539 18 CALLING ALL TRAINERS Here's a chance to attend 3 special training workshops presented by Dr Phy Iks Cooke of University Associates (USA) right here in Singapore. You don 7 have to fly to USA. Becoming a Professional Trainer October 5 6, 1987 Are you a new trainer, personnel officer, or
      539 words

  • SHIPPING TIMES
    • 532 19  -  By LINDA CHEE THREE MAMMOTH container ships belonging to United States Lines were auctioned off in Singapore last Saturday for an unexpectedly low price of $8 million each to US-based interests. The 4,400 TEU vessels American Oklahoma, American New
      532 words
    • 131 19 Reuter TAIWAN has bowed to a US demand by approving a proposal to levy a 0.5 per cent harbour tax on imports and exports, officials said. Washington had complained that Taiwan's one to 4 per cent port tax on imports unfairly favoured Taiwanese
      Reuter  -  131 words
    • 201 19 Reuter NORWAY'S merchant fleet continued to decline in the first six months of 1987, falling by 64 ships and 1.8 million deadweight tonnes (dwt). the Norwegian Shipowners' Association said in its quarterly report. But it sounded a note of optimism in reporting that the total
      Reuter  -  201 words
    • PORT SIDES
      • 91 19 Reuter GIBRALTAR'S shipping registrar said he was processing an application for a 319,226-dw tonne tanker Marina to be registered in the British colony. Until June, the tanker was called Brazilian Marina. Gulf shipping sources said the vessel was now anchored off Dubai awaiting completion of
        Reuter  -  91 words
      • 91 19 Reuter WORLD dry bulk carrier tonnage in lay-up, idle or under repair fell to 5.01 million long dwt (165 vessels) in July from 5.56 million dwt (179) at end June, London shipbroker Howard Houlder said. Ore carrier tonnage included in the end July figure was
        Reuter  -  91 words
      • 67 19 Reuter THE PANAMANIAN vessel Golden Unity was grounded on July 28 on Arquipelago Dos Abrolhos, near Caravelas, Brazil, while entering a bunkering port, but was refloated unaided on July 30, shipping intelligence service reported. The 17,026 tonnes dw vessel, carrying 10,800 tonnes of sugar, ran aground
        Reuter  -  67 words
    • 222 20 AP NINETY-SIX cargo ships docked at Kuwait in June, a 3 per cent increase over the same month last year, in spite of Iranian attacks on Gulf shipping, the Kuwait Port Authority said. The Kuwait news agency, which distributed the report, did not
      AP  -  222 words
    • 244 20 AP THE UNITED STATES has expressed concern to Sweden over the sale to Iran of speedboats used for hit-and-run terror attacks against shipping in the war-torn Gulf, say officials. Foreign Ministry spokeswoman Ingrid Hjelt said that US Charge d'Affaires Roland
      AP  -  244 words
    • 825 20 Accord SN* Inwr Alnce Ocmo* AJH'om AC Tocpfer A —neon Tgi Anro Stmca Arrow U« Am* Octor AMM U» AMI AFC U» A* ASQ ftoM Conodo Ime MOwm ime fc»gtode# Stpg ftOM* Ime MS boy O* lllfBl ten Ime Coat Ion Ocoon fe*go< r «er IwOroM I
      825 words
    • 1017 20 LITTLE rate change was evident in quiet and patchy chartering on the London shipping freight market on Thursday that tended to avoid representative trading routes. Great Lakes grain featured again when Portuguese interests worked 20,000 tons direct from Toledo to Portugal aboard the early August loader Protector at
      1,017 words
    • 173 21 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping AMRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      173 words
    • 169 21 AFP ITALY has turned down a US call for help in minesweeping operations in the Gulf, sources at the Italian Defence Ministry said. In a letter to his Italian counterpart, US Defence Secretary Caspar Weinberger reportedly pointed out "the increasing gravity
      AFP  -  169 words
    • 509 21 THE EASTERN Seaboard Committee in Thailand has opted to allow the private sector to operate the Laem Chabang deepsea port instead of the Port Authority of Thailand. A highly-placed committee source told the Bangkok Post that the committee reached the decision during its
      509 words
    • 248 21 AP THE NUMBER of empty tankers waiting just outside the Gulf for orders from Gulf oil states has doubled in anticipation of increased shipments from the region. The United Arab Emirates (UAE) daily Al Khaleej, citing shipping sources, reported that at least 109
      AP  -  248 words
    • 545 21 THE SALE of the 1977built ULCC 8m Song has been confirmed with details having been amended slightly from reports circulating on the shipsale and purchase market last week, secondhand tonnage brokers said. The 357,023 dwt vessel has been sold by Argonaut Shipping of Stockholm to Invests Group of Bergen
      545 words
    • 200 21 THE MERCHANT Mercantile Marine Promotion Commission (MMPC) has suggested that a(l Thai fleets pool their resources in order to reduce costs aQfl halt the practice of undercutting each other, said the Banfrkok Post. According to MMPC secretary general Seri Suebsaguah, the
      200 words
    • 103 21 Reuter OIL TANKER/COMBINATION carrier tonnage told for scrap in July fell to 333,000 long dwt (eight vessels) from 1.2 million dwt (13) in June, London shipbroker Howard Houlder said. This brought total sales for the year so far to 5.57 million dwt (70 vessels), well below
      Reuter  -  103 words
    • 8505 26 3®aBE)(!EB A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port
      8,505 words
    • 2001 28 Who acts for whom A—B AB Shipping Boustssd Shpg Agencies ABC Containerline NV S pore Shpg (S). Accord Shpg Accord Shpg <S) Africa Ocean Lines Sea I ion Shpg (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceanu* Shipping Agenciee (S) Muttiport Sdn Bhd (PK) Alltrans Alltrana Expraaa American
      2,001 words
    • 951 29 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movement Ship Voy data/time Operator cargo schedule Location Adrian 8732 *****7 1800 Moersk F2 0800-0900 a Mandama 0510 *****7 1900 Austosia F5A 0900-1100 J4 Koto Bohogia 8712 *****7 1930 Pll F5A 1030-1130 A8 Swon
      951 words
    • 362 29 AT CONVENTIONAL WHARVES VmmI Bert h Arrival Dapartun KEPPEL WHARVES B Setowor K20 alongside 03 06/2300 Gongchong K32 alongside 04.08/1830 Hateg K27 alongside 0508/0600 Marine Cosmo K20 alongside 03.06/1800 Osip Pyatnil K30 alongside 03.06/0600 Providence K34 alongside 0606/2300 Qinghecheng K29 alongside 06 06/2300 Sin Hua K35 alongside
      362 words
    • 371 30 Reuter AP LOADING and unloading of cargo resumed at India's largest port on Friday after some 600 port workers called off their 16-day strike, Indian union leaders said. All-India Port and Dock Workers' Federation president S R Kulkarni said the
      Reuter; AP  -  371 words
    • 270 30 Bernama ES THE MIRI SHIPBUILDING and repair industry which has been in the doldrums for the past two yesrs is showing signs of recovery. Industry sources said that the better performance is due to higher timber and oil prices recently. Dockyards all along
      Bernama ES  -  270 words
  • Page 19 Advertisements
    • 836 19 A WOMAN Of POWER. SHE SUBSTANCE needed love. SHE WANTED REVENGE. tcMM Km ma llartc is 1 iY A WOMAN OF SUBSTANCE v 4 Hiil what is the price X shr has paid? Y Available at all good bookshops WW/ Ovhqeas Q%ntoim\ Line NORTH AMFRICA ATI ANTIC FXPRFSS (ROUNO THf
      836 words
    • 110 19 NINETY-SIX cargo ships docked at Kuwait in June, a 3 per cent increase over the same month last year, in spite of Iranian attocks on Gulf shipping, the Kuwait Port Authority said. Page II THE EASTERN Seaboard Committee in Thailand has opted to allow the private sector to operate the
      110 words
    • 211 19 H«» S.E. Asia ■part the '•Kical West HILARIOUS nuac. OAMOCNOUS. Available at all Good Bookshops MAERSK LINE MIDDLE EAST SERVICE FAST TRANSIT SIN/RIYADH —11 DAYS SIN/SHARJAH —11 DAYS Th« mm Pi«ntin Closing Tima Th« «Mk Lauat M Closing Timas CY 12* 2300 MRS CFS 12* 1300 HRS LAUBT M ANOERS
      211 words

  • Page 20 Advertisements
    • 385 20 keeps you ahead. Nobody has the extensive experiences and vast resources of NYK. That's why whatever your shipping consignments, be it delicate cheeses or massive plant machinery, NYK has an impressive fleet of vessels to perfectly meet your needs. NYK's resources and experience mean superior efficiency which naturally assures savings
      385 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 407 20 C SAV Corrp.ir .1 SudArr> r c. iC\-1 jpcrcs S.A IRECT SERVICE TO/FROM CHIU feeoe* vessel rranc bother vessel hk amca iqq amtof v alp sai KNAVON 7$ NOBLE STAR 144 V» Ml U/V A VESSEL 134 CM CARRIER Wfi 2/tt no* am TO* K) EXPRESS 1M AT AC AHA
      407 words

  • Page 21 Advertisements
    • 898 21 The Straits Steamship Group r STRAITS SHIPPING Singapore to Sabah, Sarawak, Bwnai Porta and Bangkok i Mansfield Container Shipping Re Ltd F&OCLtlt P&O Containers Limited fgm::irl; a;w: wxMmur mkui LAMS «AT KURAMA MRU KNAVON TOLASA MT TOKW oms an or Edinburgh FRANKFURT EXPRESS OSAKA lAT KIT AM HARU LAMS BAT
      898 words
    • 739 21 NOTICE ETHIOPIAN SHIPPING LINES CORP (The national line of Ethiopia) is pleased to announce the inauguration of its regular liner service (conventional/container) from Red Sea and other East African ports to Singapore, Hong Kong, Japan and other Far East ports, and their appointment of RICHFIELD MARINE AGENCIES (S) PTE LTD,
      739 words

  • Page 22 Advertisements
    • 300 22 Kl Cu SERVICE TO UK CONTINENT Toi«i by Tokio ciprxi S'para P* W m 114 134 17/1 1M ay 23/0 2S/0 >rmi 30* dtntaiffh 4/1 M Eiprtu 11/1 13/1 Oufcj Bay Kitsw thru Larfi by 114 20/1 24/1 2W 3M 2/10 401 WO 4*o ACCEPTING CARGO TO: All UK INIAMO
      300 words
    • 858 22 lp»: *lu«' JC.&LINE ACE CONCORD 10W 68 27 KOREAN CHANCE IT* 9 8 27 NEPTUNE DIAMOND 71* 13/1 ORIENTAL CHIEF SSW 20/t 6 KOREAN JACEJIN «W 27/1 13 ttSO CALLING ANTWERP VIA ROTTEROAM PKELANC CTRS VIA FEEDER VESSEL Import L*H»»rt R'dam Fitowt H burg Ihavon fROM [UROPE VIA SUEZ A
      858 words
    • 444 22 X Arrow Lines S'PORE/COLOMBO/S. AFRICA jjaciii i S'PORE/BENGAL/E. AFRICA VSI S PORE CHITTAGONG CHALNA E. AFRICAN PORTS ARROW QUEEN/2 10/8 19/8 15/8 3-16/9 ARROW DUKE/2 3/9 8/9 12/9 24-4/10 j AFRICAN PORTS CALL: MAHE/MOMBASA/DARES-SALAAM BOTH SERVICES CAPABLE OF HANDLING CONTAINERS, NTIONAL, HEAVY LIFT AND BULK LIQUID Singapore Agents BAKKE SIME
      444 words
    • 1226 22 W i'lviiuaj f i*M Vf *w* EVERGREEN 1 full Container Set i// Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP HKC KSC KLC HJ$ OSK TYO KSN CMS NYC EVER GLEAMY 5/0 M 111 1M 7/1 11/1 iy« EVER LAUREL/EVER GOLDEN 128 118 IM IM 14/111/122/1 EVER GATHER 108 238 2SB 278 218
      1,226 words

  • Page 23 Advertisements
    • 663 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE KOTA SMGA MAJAPAHfT QOWA SIN JKT MY SIN HKQ KAO 9/9 M Itfl 17/8 1M 11/1 20/9 22/9 29/9 10/9 1/9 30/9 1/9 M 7/9 11/9 14/S MURORAN (HOKKAIDO) *MTC HJ.ACJi! KEE
      663 words
    • 152 23 na NORBUL NORBULK CARGO SERVICES LTD. REGULAR CONVBJTIONAL TIMBER AND PLYWOOD SERVICE TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL *****6 W MALAYSIA SP YEO SHIPPING i TRADING KL PK *****01 PENANG. TANJUNG MARINE SDN BHD TEL *****5 -SABAH TRANSPAC K K SMR.77U® m
      152 words
    • 753 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT OH MN MN MN M an m nn an n n w tit *n tn in tn tn u/i un im un v* I*l im tin an an an an on ttn an im im v» va va ;im mo tm am
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    • 584 23 DJASAGETRI A Joint Europe Service Of: t.T. BJAKMTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TMXOM LLOYD NTJUNERS RE TO EUV [77 VESSEL/VOY SRIWIJAYA/21WB L. i. RONTANG/12WB OCEAN PRIMA/tWB ANTWERP S PORE BILBAO BREMEN ADAM/RDAMHBURC 16-19/8 13/9 17 It S-M 20/9-299 an 5-7 ft an# 7/10 910 12 10
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    • 396 23 BOUSTEAD SHIPPING AGENCIES (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok 3/SAug 7/9 Amb 11,12 Aug 11/12 Aug 14/11 Aug 5/7Aug LOIKAW ¥123 J/5 Aug PAGAN VIICW 7/9 AuS PA-AM VIIW U/12 Au| SIT-TWAY VnE 11/12 AIM HANDALAY ¥11 S/7 A HTONEYWA ¥229* 15/17 Aug loading for Euro*
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  • Page 24 Advertisements
    • 1181 24 ATLflrmc curst (Round-The-World Service) ORIENTAL FAIR V 4 RAINBOW BRIDGE Vt •VIA FEEDER •PK/PNC SPORE Sid Aug > Aug 14 Aug NYC HFX 12 Sep 16 Sep 19 Sep 23 Sep PACIFIC SOUTH-WEST FEEDER VSL 'PK/PNG SP MOTHER VSL LA/LB OAK CHICAGO NEW YORK M 6 u MANHATTAN BRIDGE V
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    • 620 24 AUSTRALIA EXPRESS CONTAINER SERVICE AawpOng FCL/FCL CoflWm P I imn Vtud ESTtCLIPPER *16 II Auf CALABAR ¥J7 23 AuJ Spor. "KABIROAS" V 35 4 Au| "CHANOIOAS" UJ 3 S«K "KABIROAS" *36 20 S*pt IMb Frwi Sfdn Alm Aenpb IS Au| 21 fc* A* AM*! II S«t 27 S«rf S** AM/toi
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    • 775 24 GOLDEN LINE 1 WK<o\ GUAM GUAM SHFFMG (PIE) LID 21, W Are SM IT^^—mm MM TU M4MH (11 UKS) Fit: 9CMM STRAITS/PERSIAN GULF SERVICE: S'port PKMnffmnc COCOCN WONDER Cotarto/KaracM/Ogtoa. S* Aug COt DEN BEAR Cotanbo/Karadw/Dgbei 12/14 CHINA SERVICE A VCSSCI Sh»n(h»4 'Nsinktnf HUN- IrrWiiyAjimjfcM P.Klang Porting Kuantan Destination DONG MING
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    • 350 24 PHILI OHKNT LIN€S PTi LTD J* HAD OFUCf 63 ROBESON POAD •C' '2 Al RG AS A BuilDlNj SiNGA'ORIG! TJIf HS ?B7?0 PHIII fA* AMJ DHA« SHAAJAH. JBXMH. MOOEDAM. AQAIA 'i.y.y II:.." r LATTAJUA, BENGHAZI TMPOU. ALEXANONR. PORT SAB. PIRAEUS VALFTTA ADEN DJIBOUTI 4:l,'•.J*:,iV* 5x ETC 232 iU. .i' '1
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  • Page 25 Advertisements
    • 858 25 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE LTD FE lU/AUST TPA/SIA Ttrmmal CFS BOOKINGS 278*» *****42 ma® rm»3 779 mm ni«n 77«nia 77«« NEPLINE SON. BHD. MW SSJSStnmSi NEPLINE SON BHD Xl«B3 ingumitj mmm NEPLINE SON BHD U9B»/127M0/t27«ift27ti2 NEPLINE SON BHD 2MBM/2M041 nrnrj Ila if A CONCORD lON K CHANCE
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    • 378 25 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON Veoaol'i Nmic Mo J Donam/7QSN Ei#orprioo/7UN No 7 Donam/70tN No Donam/70Mt No Donam/7IMN No t Donam/70M M EntorpriM/713N S PORE AGENTS NEPTUNE AGENCIES PTE ITD t»i 2TSIO *****22 *****1? *****14 (Ttnn.nai) *****50 *****04 (CFS) MALAYSIA
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    • 613 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 CaWe Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. RRANB PfMAMC mt* nwiwiimi »!)iu \aj Mm. PW. *A TMOMC OIIMIM m*• n.. ,t T* 3HK43
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    • 17 25 11/8 Also accepts LCL/FCL to other destns. FREIGHT MANAGEMENT: SINGAPORE TEL 2X2211 (15 LINES) BANGKOK TEL 29NM-S
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  • Page 26 Advertisements
    • 391 26 SINGAPORE SHIPPING CORPN. (PTE) LTD. TEL: 225-6868 (30 Lines) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD FAX NOS: *****39/*****76 VEB DEUTF R ACHT, SE EREE DE Rf I FORTNIGHTLY FULL CONTAINER SERVICE QSSa EmS EK3 Q22 H2l I' ■> ■EaCMMiLMijrBH •VIA COLOMBO: Accepting carp lor INDIA Bombay. Cochin
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  • Page 27 Advertisements
    • 229 27 »'V.'.. .v.v.'.v.v.v.v.'.v.y CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR *****53/*****11 04-€*****/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 ***** M WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER BUTANC 383 B. BUTANC 385 B BUTANC 3B OTHER DESTINATIONS: AARHUS. AMSTERDAM. ANTWERP. BASLE. BREMEN
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    • 94 27 CONTAINER LINE DAILY ACCEPTING LCL/FCL TO:11, I I H TRANSTAINERS LINE WEST AFRICA SERVICE PEN/PK SIN TO; DAKAR, CONAKRY 11/8 13/6 ABIDJAN, LOME 20/8 23% CONTONOU, DOUALA LIBREVILLE, PORT GENTIL P. NOIRE, LUANDA PT. KELMK MSIMUA KEE/KM UHKOK PEHUG TBI PORT TO DOOR DELY: PT. KELANG TO KOTA KINABALU IN
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  • Page 28 Advertisements
    • 525 28 VESSEL S. MAKKAH FEA 037 S. HOfUF FEA 027 S. DIRIYAH FEA 030 THE NATIONAL SHIPPING COMPANY Of SAUDI ARABtA REGULAR RO-RO SERVICE TO MIDDLE EAST SINGAPORE I P KELANG I r~~ 26 AUG I 2t AUG I 07 SEP 22 SEP <XOCT 08 OCT I 15 OCT I Accapting
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    • 407 28 VINK IJNKR SHIPPING PTK I Tl)' 70 Sbenton Wty M 0?C M»nni House S pore 0707 T[l 7. 11 i9077 (6 lines) TIX RS ;?M1 FLINFR FA* [1 EUROPE SERVICE ta u* i/i m m m im M I\l Mfl Mft an ha FAR EAST SERVICE MIDDLE EAST GULF SERVICE
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    • 430 28 ZIM FULL CONTAINER SERVICE accepting FCL/LCL cargoes to USA East J Wast Coast, Carribbean.East Canada, HAITI, Port Au Spain, Bartoado N ST LUCIA AUSTRALIA CONTAINER SERVICE liSsSliSlSiiSiiS ZIM SYDNEY ZIM TRIESTE ZIM AUSTRALIA ACCEPTINB CARGO TO ADELAIDE VIA MELBOURNE AND ALSO FCL TO GUAM ZIM BUT CSNTAINER UNI ~2**l FCL
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    • 566 28 Everett Lines 7 COMPANIA PERUANA TO DE VAPORES "PERUVIAN STATE LINE" tndmi lor CaNao, MMkm. to and 41 otter Ptimwi ports wtii transfepmeat Kate or Yokohama on CPV Through Ml of La*r« to fowl dnbwton Penang* P. Kelang Singapore MANOLOEVERETT 80 A* JOHNEVERETT 27/28 Aug MURRAYEVERETT 30/31 Aug "EVERETT ORIENT
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  • Page 29 Advertisements
    • 258 29 :a E fr s jjfe "gh.M 9 rr BP rr» n.<a"a' *1 A -<*» 3C PfYl* y*t 153 i yt w 04 r* m •+n I mm W MM ahrenkiei liner service CONTAINER BREAKBULK SERVICE TO I FROM PORT LOUIS AND DURBAN £3 PROSPERITY V»W 04/08 16/06 21/06 AMARYLLIS VS6AW
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    • 199 29 E+lW/MM*. PERCH OCEAN UNEC (Perfect China Ocaan Shipping Lines) Destinations: SHANTOU, GUANGZHOU HUANGPU, XIAMEN HAIKOU, ZHANJIANG XINGANG, QINGDAO SHANGHAI t OTHER PORTS Etd. S'PORE Etd. PKLG WEEKLY SAILINGS u i I O rp, o (MEMBER OF THE PRESS GROUP) WEEKLY CONSOL SERVICE LCL/FCL U.SJL (East West Coast Ports) UK/EUROPE Continents
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    • 199 29 PERINTIS LINE WEEKLY FULL CONTAINER SERVICE General Agar* Ma PwWta Um Pte Ltt 19 Kappei Road JtPohßMg Singapore 0206 Tel *****33 Tb. ***** a/b pt. uu (S) HfINLIM SHIPPING CO.. LTD. REGULAR UNER SERVICE TO BOMBAY AND PERSIAN GULF VSL NAME S'pore LDG FOR Soners Linker V.03 7-9/8 Bombay/B. Abbas
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    • 564 29 J&2 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE. FAR EAST TO EUROPE MEDITERRANEAN WEST AFRICA FIUXSTOWt ROTTERDAM A*TWI»P I L HAVU r^TTTTTTvr^i OUTBOUND TO MEDITERRANEAN BANXLMA AUXANOftiA KMUT OTTAWA OUTBOUND TO W AFRICA I I.'-i-INBOUND FROM EUROPE FOB FAR EAST PORTS ti "ii.'.rii Data*. Nrti A
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    • 301 29 iiini MARITIME TRANSPORT MANAGEMENT PTE LTD BANGKOK MANILA HK/ROTT ETA SPOKE ETA SPORE ETA SPORE «wPI ELEFTHERIA II MERCHANT PRELUDE lERIA II 23/1 Shanghai, Busan ANT PRELUDE 20/1 Bremen, Rdam. Antwerp Tel: 221(200 Tlx: ***** MTMSEA Fax: *****45 Chiani Read, #HMB, Sanford BuiMinc, Sinfapore 02M. SXJ.T. MBTMLUMN UK ROUTING: (A)
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  • Page 30 Advertisements
    • 416 30 _M» FARGO SHIPPING COMPANY!PTE)LTD \-%Wr RfcGUl AR EXPRFSS FUll CONTAINER AND LCI SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USAVCanada/Europa/Madttarranaan Vtl BRUSSEL ANTWERPEN C. VEROLME "TOT EXPRESS EB CM EM Em i i'y PB nam ysiM 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37
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    • 747 30 I S M N (SOCIETE WAURICIENNE DL NAVIGATION) INDIA OCEAN, SOUTH/EAST AFRICA REGULAR SEMI-CONTAINER SERVICE LOADING FOR Pt Louis, Reunion, Durban, Capetown, Pt Elizabeth, Tamatave Pt Louis, Reunion, Durban, Capetown, Pt Elizabeth, Tamatave SEALION SHIPPING (S) PTE LTD Tl I .YflSfal *****/2 TFIFX RSmSI SFIIOfJ FA* .740/41 Egyptian Into iietloiwl
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    • 447 30 I, MOL is Mitsui OS K Lines Lid FULL CONTAINER UK/CONTINENT (TRIO) 11"wn PJWmi I riai H'hri LARCSMY OU OM ZM 2M MEDITERRANEAN (MED CLUB) TOUkt* TO* 10 EXPRESS cm or cnmuoot m frankfurt anas u aMM MT u Mm Aaafbfli Carp F«r OM OA 34 PH 1M ft/T"""®* wit
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  • Page 30 Miscellaneous
    • 163 30 Regional Weather 5|3 as nS 25" o>^ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: *C o w Wmd direction with speed m knots Wave height R Thunderstorm Temperature c V Shower Weather Wmd direction with speed in knots Roin Cloudy Sky Wave he hf Surface winds
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