The Business Times, 4 August 1987

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, AUGUST 4, 1987 75 CENTS
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  • 194 1 Overseas markets Monday HK Hang Seng Index 3514.25 35.01 Tokyo Nikkei Average *****.82 (-272.13) Sydney All-Ordinaries 2060.6 30.4) Friday New York (Dow Jones) 2572.07 4.63 London (FT 30 Index) 1852.5 (-9.8 Exchange rates THE S$ yesterday closed lower at 2.1115/25 (2.1105/15) against the USS in the forex
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  • 363 1 SHARE PRICES closed lower over a broad front on profit-tak-ing and lack of fresh buying orders on the Stock Exchange of Singapore yesterday. Turnover was low. The Straits Times Industrial Index lost 7.66 points to 1,392.14. Turnover fell to 34.2 million shares valued
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  • 713 1  -  Treasury profits even offset losses for some banks By ALVIN TAY Banking Correspondent FINANCIAL institutions made $1.2 billion from treasury and securities activities last year. This gives a clear indication that risk management, a growth area identified by the Economic Committee last year, is
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  • 200 1 Bernama UMNO YOUTH and Parti Pesaka Bumiputera Bersatu (PBB) Youth yesterday agreed to undertake social and economic projects jointly as a way of involving members in trade and industry. Acting Umno Youth head Datuk Seri Najib Tun Razak said that an Umno Youth delegation
    Bernama  -  200 words
  • 104 1 Reuter THE INDIAN government took the first steps yesterday towards a parliamentary investigation into illegal payments made by a Swedish company to secure a billion-dollar Howitzer deal. For the past week, the miniscule opposition had managed to block introduction of a motion to set up
    Reuter  -  104 words
  • 69 1 SINGAPORE may have the best convention facilities and supporting infrastructure in the region, but increasingly, it s not what you have that counts not when everyone else is doing the same thing. Other Asian countries are just as anxious as Singapore to capture a
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  • 392 1 Reuter ALMOST A THIRD of all Chinese city dwellers live in sub-standard homes, an official newspaper said yesterday, warning that a 38-year-old era of absurdly low rents was over. "We must break the idea that housing is a form of welfare that shows
    Reuter  -  392 words
  • 58 1 Bernama MORE PEOPLE closely associated with former Philippine President Ferdinand Marcos will be investigated in connection with the alleged ill-gotten wealth they acquired during the past administration. The investigations are aimed at uncovering additional evidence to strengthen the 35 civil cases filed against the Marcoses and about 300
    Bernama  -  58 words
  • 300 1  -  By BOEY KIT YIN FOREIGN INVESTORS gave a clear indication of their confidence in Singapore's rebounding economy with a sharp rise in investment commitments in manufacturing to $440 million during the second quarter of this year. In contrast, local investors continued to shy away and
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  • Page 1 Advertisements
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    • 249 1 The money liee in treesury operations, See Focus on Page 9 Mora stories on Back Pago SHARE INFORMATION MONEY A EXCHANGES COMMODITIES AIRCRAFT SCHEDULE CROSSWORDS TV S RADIO BRISTOW DOONESBURY OUR VIEW THE RIOTS in the holy city of Mecca last week are an extreme manifestation of how easily religion
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    • 24 1 BUSINESS TIMES I you »Nd to call us: News Desk: *****18 *****60 Companies Desk: *****05 *****61 Market Indices: *****40 Fax: *****71 Telex: RS *****
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  • Page 2 Advertisements
    • 488 2 When you're ready to sit down and start talking about a merger, an acquisition or a divestiture, you don't want to deal with someone with a great track record in trading cocoa futures. Nor do you want to deal with someone who doesn't understand your business. Whether you're selling your
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  • HOME NEWS
    • 282 3 MEMO PAD Seminars and courses DURATION TITLE VENUE ORGANISER TELEPHONE Aug 10-11 Graphic Communication Plaza Hotel letraset *****87 Typography in Design Singapore Pte ltd Aug 11-13 Professional Selling PTS Training Professional *****88 Skills III Centre, Show Training Services Centre Aug 11-13 Value Added Workshop National National *****66 Productivity Productivity Board
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    • 238 3 PETER McNAMARA has been appointed Trade Commissioner of the Australian Trade Commission. He takes over from John Stokes who has returned to Australia. Mr McNamara joined the trade department in 1960. Before his recent appointment, he was Austrade state manager for Hobart. the capital of Tasmania. His
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    • 310 3  -  By GOH YEE LING COMPANIES aiming to make it to the top categories of the Contractors Registry will have to meet more exacting standards in the future. The Construction Industry Development Board (CIDB) will start annual reviews of the terms and conditions governing the registration
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    • 423 3 FARMERS affected by resettlement will be granted yearly extension to stay if their land is not required for immediate development. This concession also applies to pig farmers provided they stop pig farming and take up non-pol-lutive farming. Vacated farmland not immediately required
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    • 257 3 SENIOR MILITARY officers can help strengthen the relationship among Asean member nations by maintaining friendly contact among themselves, said Brigadier-General (Res) Lee Hsien Loong yesterday when he addressed 33 military officers who had graduated from the Command Staff Course. BG Lee, the Minister
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    • 66 3 Corrections clarifications OUR July 30 report on Unisys International Singapore Pte Ltd headlined "US computer giant opens $25m plant" described Memorex, a Unisys customer, as a subsidiary of Burroughs Memorex was, in fact, a Burroughs Corp subsidiary only until Dec 1986, when it underwent a management buyout. It is now
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    • 302 3 FOR EVERY DOLLAR earned last year, hotels paid out more money in wages in spite of a fall in staff level and Central Provident Fund contributions, preliminary results of a survey indicate. In view of this, the Singapore Hotel Association is urging
      302 words
    • 243 3  -  By LIM SOON NEO AS CURRIES are becoming a hot favourite in Japan, Singapore food manufacturers can now savour the opportunities of breaking into that market. According to Tradespur, the monthly publication of the Singapore Trade Development Board, there is a boom
      243 words
    • 34 3 THE GOVERNMENTS of Bolivia and Singapore, wishing to strengthen and develop friendly relations between them, had agreed to establish diplomatic relations between the two countries at ambassadorial level with effect from yesterday.
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  • Page 3 Advertisements
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    • 182 3 Canyouputa price tag on happiness? Try $31,231* Hyundai owners are a happy breed. But who can blame them? After all, consider what they're getting for their money. What starts them smiling is the look of the car. It s fresh, fluid and very European. Inside, there's more happy news. Because
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  • ASIA – PACIFIC
    • 657 4 UPI A CRACK appeared in the foundation of South Korea's economic powerhouse last week as the first major labour strikes under President Chun Doo-Hwan's regime hit large factories, with workers calling for "democracy in the workplace". At the Hyundai Heavy Industries Complex in Ulsan,
      UPI  -  657 words
    • 381 4 Reuter SOUTH KOREA yesterday proposed the foreign ministers of the two Koreas meet to reopen talks about the divided peninsula but dismissed northern proposals for arms cuts as "a typical propaganda piece". Assistant Foreign Minister Park Soo-Gil said the talks should focus on mutual
      Reuter  -  381 words
    • 478 4 AFP Reuter PAKISTAN expressed its concern on Sunday to visiting US Under-Secretary of State Michael Armacost over a decision by the US Congress to freeze American aid to Islamabad, Pakistan Television (PTV) said. Pakistani Foreign Minister Abdul Sattar conveyed the government s concern
      AFP; Reuter  -  478 words
    • 182 4 Reuter BANGLADESH can have a democratic government only if President Hossain Mohammed Ershad resigns and legitimate elections can be held, a leading opposition politician said in an interview published yesterday. "Ershad rigged last year's elections." Sheik Hasina Wajed, president of the Awami League, told Newsweek magazine.
      Reuter  -  182 words
    • 613 4 Reuter NEW ZEALAND elections used to be fun, with the occasional brawl and witty repartee between politicians and hecklers, but this year's campaign is boring the nation, and television is getting the blame. After two weeks' campaigning for the August 15 poll, the opposition National
      Reuter  -  613 words
    • 309 4 Reuter VIETNAM and the US both reported progress on Sunday in their talks on tracing Americans still listed as missing in action during the Indochina war and humanitarian aid to Vietnamese victims of the conflict. "We have more work to do," US presidential envoy
      Reuter  -  309 words
    • 948 4 ARRIVALS Operator S«rvk» Local From number tim* SU son 0045 IAX/NRT CAl Q341 0155 TPE JAL JL617 0215 TYO FT FT75 0316 UH/ORD/ANC/ NRT/MNL/TPE CAl 0333 0405 TPE SIA SQ491 0755 IWN MAS MH68I 0820 KUL SV SV398 0835 JED/RUH MAS AAH81I 0910 PEN MAS AAH671 0920
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    • 254 4 AFP COUNTRIES in the South Pacific and South-east Asia are preparing to cash in on their geographic good fortune and set up or offer rocket launching sites near the Equator. Physics dictates that the closer to the Equator the launch site, the less
      AFP  -  254 words
  • Page 4 Advertisements
    • 144 4 TRADING IN CURRENCY FUTURES Saturday, 22 Aug 1987 Sheraton Towers, 9.00 am 1.00 pm What are currency futures? How are currency futures traded? Find out what the opportunities are for you in trading currency futures. The Institute of Banking Finance is organizing for the Singapore International Monetary Exchange Limited a
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    • 8 4 Month of uncertainty in S Korea, Page 11
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    • 58 4 fI I£ \l 1w Ifl 1£ The business person's chotce, every I I II 111 I Tuesday. Thursday. Saturday and 1 1 Ml II I Sunday. Leaving Changi Airport at _l_ VyJ. i A 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Travel
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  • Page 4 Miscellaneous
    • 65 4 l! Adoiaido Amsterdam Athens Bahrain Bangkok Barbados Singapore OUTLOOK: Show*™ over a law mm in (ha iftsfnoofl Report for 24 hours prior to 7.30pm on Aug 3 at At Now Dolhi Now York Nlcoslo Oslo Paris Rio Janeiro Rome San Fris'co San Juan Sonriogo Soo Pauio Seoul Stockholm Sydney Toipei
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  • REST OF THE WORLD
    • 504 5 Reuter IT MAY BE one of modern history's more peculiar ironies that an ageing, staunchly anti-com-munist American president could be rescued politically by a younger Soviet counterpart with a historic arms accord. A flurry of promising superpower negotiating activity over the past two
      Reuter  -  504 words
    • 627 5 Pledges to keep the world economy buoyant NYT A 141-NATION conference in Geneva wound up a month-long bate on Sunday night with agreement on a joint strategy for tackling some of the Third World's most pressing economic difficulties, including an offer of
      NYT  -  627 words
    • 498 5 NYT THE UNITED STATES econdmy continued to expand in July, and at a much faster rate than in June, according to a report released yesterday in New York by the National Association of Purchasing Management. According to the trade group's report,
      NYT  -  498 words
  • Page 5 Advertisements
  • Page 5 Miscellaneous
    • 47 5 Doonesbury w. W. {lL I 4 m ANY Q-Q-QUBSTIONS? I'P Be HAPPY TO TAKB your BesrsHSH-SHOT, Y-PERSON! -z, VS; Vr wm 9 rm:/\ BY GARRY TRUDEAU I OBJECT! THIS SAN OUTM&B! WURE BAD6bring mr HEADREST! IN ALL MY YEARS ETC.! a. m w A k ft JU
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  • MONEY AND EXCHANGES
    • 466 6 Reuter TAIWAN WOULD rather accept US retaliation than allow its currency to appreciate further, the island's Economic Minister said. Lee Ta-Hai said on Taipei Television's 'Face the Audience' programme on Sunday night that the government would allow the Taiwan dollar to be fixed
      Reuter  -  466 words
    • 274 6 AFP TAIWAN'S Bank of Communications is to obtain a US$l5O million short-term financing facility allowing it to raise funds in London, Singapore and Hongkong, a bank official said yesterday. The facility is the first of its type for a Taiwanese bank and provides
      AFP  -  274 words
    • 81 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months 6 months 1 year BQ*****E BS*****Z BY*****S 29.10.87 2.99 21.01.88 3.10 30.06.88 3.24 2.89 3.00 3.14 2.97 2.97 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID
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    • 54 6 THE OVERNIGHT rate on the Singapore interbank market fell by point to close at 3 per cent yesterday. The term rates were unchanged. > S$ Interbank rates at 7pm yesterday: omt mo nig»* 3 2 1/2 1 -men* -4 3 7/» 2-momti 4 1/8 4 3-nomh 4 3/16
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    • 141 6 Reuter MAJOR JAPANESE companies believe they can break even at an average rate of 163 yen to the dollar, according to a survey by a major economic organisation. The survey, conducted in mid-July by the Federation of Economic Organisations (Keidanren), polled executives at 185 companies.
      Reuter  -  141 words
    • 203 6 BANK OF AMERICA yesterday announced that Mr Eugene Sloboda will replace Mr Howard Pickle as vice-president/manager of the bank's Kuala Lumpur branch in September. Mr Pickle, who has been branch manager in Malaysia since June 1964, is retiring from the bank. Mr Sloboda is
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    • 1348 6 Reuter SINGAPORE: THE US dollar yesterday closed mixed against major currencies after fluctuating within a narrow range in quiet trading. Dealers said most operators were reluctant to take fresh positions, mainly due to concern over growing Middle East tension. The market is awaiting further developments from the Gulf
      Reuter  -  1,348 words
    • 583 6 SEPTEMBER Eurodollar yesterday opened two ticks lower at 92.68 and traded lower to 92.61 as commodity prices surged in the morning on renewed concern in the Middle East. Technically, the market was also weak as the September contract broke support at 92.68 and has broken downward from a bear
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    • 348 6 Asian market ASIAN DOLLAR deposit rates yesterday closed little changed from opening levels, after quiet trading, dealers said. They said most operators were reluctant to take up fresh positions as they await the delayed announcement of the US Treasury quarterly refunding package and also on concern about the continued tension
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  • Page 6 Advertisements
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    • 7 6 The world Interest rates were not available
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    • 72 6 BANK BUMIPUTRA MALAYSIA BERHAD SINGAPORE BRANCH U5550,000,000 Floating Rate Negotiable United States Dollar Certificates of Deposit due 1992 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the period from 31 July 1987 to 29 January 1988 the Certificates will carry an Interest
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  • BANKING AND FINANCE
    • 624 7 NYT WHILE MUCH OF the debate over the US banking bill has fogused on such broad policy issues as the separation of commerce and banking, and the rescue of the thrift system, a host of smaller provisions that sffect millions of individuals and thousands
      NYT  -  624 words
    • 520 7 IHT THE EUROBOND market stumbled through the doldrums last week, in part because many investors were away on vacation but mostly because those who were looking at the market were petrified by indecision. "The current strategy of investors is avoiding losses," says
      IHT  -  520 words
    • 244 7 Reuter PERUVIAN President Alan Garcia has called his government's decision to nationalise the country's private banks irreversible despite a court ruling temporarily suspending a state takeover of the banks. Speaking on the judicial challenge, Mr Garcia told residents of a shantytown on Sunday night
      Reuter  -  244 words
    • 731 7 MBT THOUGH lending rates have been on the decline since September last year, the gross inter» est margins which Malaysian banks earn on their loans have continued to be well-maintained because of the need to cover some of their losses on bad loans
      MBT  -  731 words
    • 432 7 Reuter THE LURE of Japanese money is being dangled in front of Brazil's ruling party as part of one of the most absorbing new games in Brazilian politics the selling of the IMF. A central tenet of the Brazilian Democratic Movement Party
      Reuter  -  432 words
    • 130 7 AFP PRESIDENT CORAZON AQUINO is fully backing her embattled Central Bank chief amid accusations of graft and growing pressure for him to resign. According to Manila newspaper reports, Mrs Aquino told reporters on Friday it was "up to the courts" to decide graft cases filed
      AFP  -  130 words
    • 160 7 Reuter THE PRESIDENT of Venezuela's ruling party say* the government should consider declaring bankruptcy to gain creditors' attention. Mr Qonzak) Barrios, president of the Democratic Action party also called on foreign private banks to grant the country new loans. He told reporters in Caracas on Sunday
      Reuter  -  160 words
    • 80 7 Reuter THE NEW ZEALAND Reserve Bank said no treasury bills will be sold at its regular weekly treasury bill tender scheduled for today. The bank said in a statement that cash flows to the government are expected to more than offset cash injections.
      Reuter  -  80 words
  • Page 7 Advertisements
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  • COMMODITIES
    • 665 8 AFP MILLIONS of African oil palms first imported to beautify gardens have become Malaysia's largest agricultural money-spinner making the country the world's largest palm-oil producer, officials say. Oil squeezed from the palm's fruit, now largely used for cooking, promises a dazzling
      AFP  -  665 words
    • 506 8 AFP AUSTRALIAN WOOL has become so fashionable and demand so great that this year's selling season has kicked off with record prices and the Australian Wool Corporation (AWC) has predicted shortages of fine merino fleece. "It was the strongest opening to a
      AFP  -  506 words
    • 314 8 Reuter THE EUROPEAN Community's (EC) move to tighten car emission controls may lift platinum use slightly in the longer term, but no immediate jump in demand is expected, according to a metal analyst with Shearson Lehman Brothers of London. The
      Reuter  -  314 words
    • 173 8 Reuter THE US Agriculture Department Inspector General is investigating some US foreign trade zones to determine if sugar is being imported illegally into the United States. John Nuttall, chief of USDA's sugar group, said last week: "We have requested the Inspector General to investigate certain
      Reuter  -  173 words
    • 108 8 Reuter A COMPANY owned by multi-millionaire businessman Alan Bond announced plans on Sunday to dig one of the world's biggest pits in Kalgoorlie, the centre of Western Australia's thriving gold-mining industry. The "super-pit" plan was announced by Dallhold Investments, which hopes to
      Reuter  -  108 words
    • 481 8 Reuter OILFIELD SERVICE orders are up, redundant workers are getting jobs again and some steel pipes are in short supply in the US oilproducing states. Thanks to oil prices that have more than doubled from a bottom near US$9 a barrel 12 months
      Reuter  -  481 words
    • 77 8 EAST ASIAN products and crudes firmed sharply following the weekend's events in Mecca and Teheran. By the close few traders were willing to sell and quotes became hard to assess Dubai Wm> Ta»ai US$/barr*4 18.50 Chang# 004 WT1 (S«pt| 21.40 -0.03 Products (FOB S'pore) USS/borrvl Change KcfOMn*
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    • 244 8 Bernama PETRONAS is striving to increase petroleum production in Sabah by exploring new areas through joint-ventures with foreign companies. Minister in the Prime Minister's Department Kasitah Gaddam said last week such efforts are necessary as Sabah is still lagging behind other oil-produc-ing
      Bernama  -  244 words
    • 251 8 Crude palm oil futures yesterday finished steadier in moderately active trading on the KLCE. August and September rose MsB and $10 each to finish at $690 per tonne for both months. September was $10 better at $688 per tonne. Turnover was 262, lots from 215 previously. Crude palm
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    • 304 8 HONGKONG: GOLD yesterday closed firmer in fairly active and nervous trading on continued buying interest from local and overseas traders. The metal ended at U*****.00/50 an ounce, against Saturday's 464.75/465.50 close here and New York's 463.75/464.25 Friday finish. Gold rose HK$49 on the local market to end at
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    • 126 8 Reuter THE PRICE of tin on the Kuala Lumpur Tin Market yesterday rose another 11 cents from last week's dose to M 516.71 per kilo on follow-through support and active short-covering. Trading was active, and heavy bidding for 405 tonnes was noted at the
      Reuter  -  126 words
    • 232 8 Chinese Produce Exchange S#M#to noon doiihQ prloti on Palm kernel (ex-mflb Mj/tonne) Buyer/Setter 450.00/460.00 Aug««t 3 (SI/100 kg) Coconut oil Bu* FOB 95.00 OM drum FOB 105.00 New drum FOB 109.00 Copra Mixed (loose) 56 Pepper Murrtok wbtfm FOB NIW 1150.00 Sarawak whit* FOB faq NIW 1135.00 Sarawak
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    • 527 8 Reuter CHINA is cautiously optimistic that grain output will rise this year in spite of abnormal weath-. er and widespread malpractice by officials, the official press and foreign experts say. But the country is still increasing imports to meet growing demand, they said. While
      Reuter  -  527 words
    • 133 8 SINGAPORE The MARKET yesterday closed firmer with September One RSS buyers quoted at 212.00 cents/kilo, up one cent from last Friday. TSR-20 September and October closed at 180.00 cents/kilo, both up 0.50 cents from last Friday. MALAYSIA The market ended mixed in •quiet trading after some early support, with
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    • 284 8 RAS prices In S c*nt*/kg, FOB In bata B NOON CLOSE Buyers Seders Buyers Sellers Int 1 RSS Prompt 213.50 214.50N 213.25 214.25N Int 1 RSS Sep 87 212.25 21 2.75 212.00 > 212.50 Int 1 RSS Oct 212.25 212.75 212.00 212.50 Int 2 RSS OP 208.50
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    • 79 8 (cwiti/kQ, 1 -tor poNan) SEPTEMBER 87 OCTOBER 87 (currant month) (forward month) RAS NOON NOON kr«i S*«*ri 5«Uti SSR 20 187.00 189.00N 187.00 189.00N SSR SO 185.50 186.50N 185.50 186 JON MRELB Buy*ri S«H*rs Svyars S*»tn SMR CV 266.00 268.00N 267.00 269.00N SMR I 266.00 268.00N 267.00
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  • Page 8 Advertisements
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  • FOCUS
    • 1422 9 The Singapore Foreign Exchange Market Committee was set up in March 1986 to spearhead the thrust into risk management. Yesterday, the high-powered committee released its maiden annual report. Banking Correspondent ALVIN TAY looks at the fine-print of the annual report as well as the
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    • 278 9 THE SINGAPORE Foreign Exchange Market Committee was established in March 1966 under the sponsorship of the Monetary Authority of Singapore. It was set up at a time when the world's finsncial markets as well as Singapore as a financial centre were adjusting
      278 words
    • 429 9 IN ITS FIRST YEAR, the forex committee tackled a number of issues which have dogged the dealing and broking system since Singapore's foreign exchange and money markets got underway. These issues are daily problems and have tended to create inefficiencies in the market place. They are
      429 words
    • 438 9 THE New Products and International Development sub-commit-tee has called for the formation of a market-makers' association to bring together institutional participants. This association should establish rules and market practices designed to promote liquidity and professionalism, it said in its report. "An organisation of this
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  • Page 9 Advertisements
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  • PERSPECTIVE
    • 581 10 THE MISUSE of religion for base political purposes is probably as old as the history of both. But, sometimes, the mixture of religion and politics threatens the course of history in a way neither pestilence nor ordinary war can. What happened in the holy city
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    • 1659 10  -  Singapore's convention industry is like a 13-year-old teenager, young and looking forward to maturity in a few years' time. But the way is chock-full of competition coming from other Asian countries as anxious to capture a share of the lucrative convention pie
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    • 320 10 SEVERAL Asian countries have opened or have started building World Trade Centre complexes which will rival Singapore's. Among them are: e Hongkong the Hongkong Convention and Exhibition Centre, scheduled to open late next year, will be the largest of its type in Asis
      320 words
    • 931 11 Changes in the basic political scene have spilled over into different sectors of South Korean life. But, after a month of a different South Korea, many questions remain unanswered. Heated arguments centre on what happened and why. AP ONE MONTH AGO, South Korean President
      AP  -  931 words
    • 544 11 AFP HONGKONG'S tourist industry expects an upsurge in tourists from Taiwan, now that the Taipei government has lifted an eightyear ban on visits to the territory and nearby Macau. The Hong Kong Tourist Association (HKTA) is predicting a 20 per cent rise in Taiwan
      AFP  -  544 words
    • 973 11 AFP IN A SWEAT-SHOP hidden above a Bangkok travel agency, 20 women work at sewing machines making polo-shirts. The shirts look fairly ordinary except for the brand name. It could be a counterfeit Lacoste alligator, or perhaps Yves St Laurent's initials. The shirts would
      AFP  -  973 words
    • 758 11 AP WEST GERMANY'S well-paid young professionals crowd into the fashionable cafes of Hamburg, Munich and Frankfurt, showing off the designer clothes that help make them a hot consumer market. Taking th«sir cue from "yuppies" in the US who brought their dual
      AP  -  758 words
  • Page 10 Advertisements
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  • Page 10 Miscellaneous
    • 718 10 kT iW.O zf N ZON IEfG CRYPTIC PUZZLE ACROSS 3 Party men who take their label to heart (5) 8 How a steeplechaser may feel before the race (5) 10 Governor or footman? (5) 11 She has the master key (3) 12 State system for taxes (5) 13 Corridor in
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  • Page 11 Miscellaneous
    • 1189 11 to qhd mm *!P PRE-HOUOAY MOVIE Claudia 10.30pm, Channel 5 Deborah Raffin (right) stars as Claudia, a beautiful young woman who goes through the four seasons of love love, betrayal, hate and revenge. Nicholas Ball, John Moulder-Brown, Barbara Jefford, Mark Eden, Ed Devereaux and Belinda Mayne co-star. FACES OF JAPAN
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  • SPORTS & LEISURE
    • 342 12 AFP BRITAIN'S Admiral's Cup team celebrated on Sunday after finishing 27 points in the lead after the Channel Race. After a tremendous battle with New Zealand the British boats came through victors on the last leg of the 214-mile race. Harry Cudmore, skipper of Indulgence the
      AFP  -  342 words
    • 292 12 AFP THE ENGLISH Football League has lost its sponsor but it plans a legal battle to keep this season's cash. The League, devastated by Australian newspaper tycoon Rupert Murdoch s decision to pull out of his Today newspaper sponsorship deal, is taking
      AFP  -  292 words
    • 289 12 AP VISWANATHAN ANAND of India played to a draw on Sunday with Gad Rechlis of Israel and became the first Asian to win the World Junior Chess Championship. Anand, 17, shook off two pursuing Soviet players as he earned 10 points and
      AP  -  289 words
    • 285 13 Reuter TOP SEED Ivan Lendl crushed fourth-seeded Brad Gilbert 6-1, 6-0 in just 56 minutes on Sunday to win the U*****,000 DC Classic men's tennis tournament. Ler)dl, who has never lost to Gilbert in 12 meetings, dominated the 25-year-old American with a devastating first serve
      Reuter  -  285 words
    • 386 13 AP STEFFI GRAF combined with Claudia Kohde-Kilsch to give West Germany its first Federation Cup title with a 1-6, 7-5, 6-4 doubles victory over Pam Shriver and Chris Evert of the US in the women's team tennis championship on Sunday.
      AP  -  386 words
    • 541 13  -  By WALTON MORAIS DECLARING "I have something to prove", M Balraj yesterday vowed to put the disappointment of the Johor Amateur Open behind him and concentrate on a winning performance in this month's Singapore Amateur Open golf championship. The 25-year-old had blown a
      541 words
    • 337 13 AP ALISON NICHOLAS of Britain, six times a runner-up in her four years on the European tour, won the U*****,000 British Women's Open golf championship by one stroke on Sunday. Nicholas shot a birdie four at the 18th hole for a par 73 and
      AP  -  337 words
    • 501 13 UPI MIKE TYSON owns all three official heavyweight championships and says he will defend against all legitimate contenders except perhaps the most worthy. Tyson won a unanimous 12-round decision over Tony Tucker last Saturday, addding Tucker's International Boxing Federation title to his collection.
      UPI  -  501 words
    • 253 13 AP GORDON BRAND Jr birdied the first hole in a suddendeath playoff with Magnus Persson of Sweden to win the U*****,000 Scandinavian Enterprise Open golf championship in Stockholm on Sunday. It was Brand's second straight European tour victory. Brand, a Scot based in Bristol, England,
      AP  -  253 words
  • Page 12 Advertisements
    • 717 12 if# THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet priced For starters, take your pick of our cotd dishes prawns on ice. fresh oysters, smoked salmon, melon and dried ham. vegetable terrine. mixed seafood saiod. cooked assorted vegetables and homemade dressings Select your
      717 words
    • 174 12 *»r Greece at The Belvedere Lunch on the most exciting spread of exotic Greek favourites this side of Athens, at The Belvedere. The 60 traditional favourites include red snapper with Tahini sauce, baked prawns withywa, dolmades and haklava. All at only $31 for adults and $15 for children. Daily till
      174 words

  • Page 13 Advertisements
    • 434 13 ft 07^ m C—J a k_> in mCi (j%L. For delightful Northern and Southern Italian specialities. Pastas, soups, salads, entrees and tantalizing desserts. In a refreshingly different atmosphere. 3-COURSE SET LUNCH $25+ 3rd Floor, Westin Stamford. For reservations, call 338 8585 ext. ***** or 330 8310. THE Westin Stamford Raffles
      434 words
    • 179 13 WOODS Laminated wood with graphite insert. Available in graphite shaft Techno Rex 5750 and steel shaft hfrk Dynaflex 1100. Astron clubs are made to suit many levels of golfers, especially those in the mid to high handicap range. The clubs are weighted progressively V from the toe in the long
      179 words
  • Page 13 Miscellaneous
    • 58 13 ty golf the wy way The late wrr or £>€la y£& ///r SHOiyL& &£A/VATL//e*i. ACT/OA/ COM/A/O FROM 77/£ FL/LL. />OkYA/ ~£F££CT OF T//E //AA/&& AAT£> ARMS /TCAA/YB£ ACM/£V££> /ASAsvy OT/V£R WAY. m m /T £SS£A/77AL THAT yot/Shf/A/G OR PULL A9WV Wm 77/£ //A/V&& AA/&AAMS /*77/£ £ARLV £A/?T OF 7H£ SkV/A/G
      58 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4265 14 THE LETHARGIC CLOSE of last Friday s trading on the Singapore stock market, combined with the holidayshortened week ahead, led the market to close lower over a broad front yesterday. Mounting tensions in the Gulf area also dampened sentiment. Declines
      4,265 words
    • 240 14 Rises Spar* hi 444 <Mn HMpt 1090 Saa* Mil Win. 370 Shi Iba Fkarct 2 JO 0 I S 1370 SI A 1430 Matal Im Spor. 360 N* Ml sat )M IM TV. 132 S t In* 32t S N t SOt 2M Owfap M SOt 13*
      240 words
    • 3958 14 BID and offer prices officially listed and hnNrass in and reported to the Stock Exchange of Singapore yesterday with the number of chares traded shown in brackets in kMs at 1,000 units unless otherwise spsriflsd. All Time Settlement Contracts are quoted after the word "SETT".
      3,958 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 460 15 MBT DEBT-STRICKEN Universal Cable is likely to finalise proposals for its capital restructuring exercise by the end of this month. Together with a team of consultants led by the Chase Manhattan Bank Group, the company is expected to come up with a
      MBT  -  460 words
    • 336 15 HONG FOK Corporation has cleared the first hurdle towards completion of The Concourse project in Beach Road its overdue instalment payments for the $55-million syndicated loan have been deferred for another three-and-a-half years. The company yesterday announced that under a recentlysigned agreement to reschedule the
      336 words
    • 539 15 Ever since BT launched its set of stock market tracking indicators on May 8, 1984, the Companies Desk has received numerous requests from readers to explain their usefulness. From today till Thursday, BT will explain the workings of the three technical chart indicators
      539 words
    • 502 15 Currant payment Ex data Books CloM Dele payable Total lor the year Total lor last year Alex Hldgs 4% Sap 3 Sap 10 Sap 25 6% 5% B Sembowang 35% Jul 27 Aug 1 Aug 11 35% 20% Botu Kawan 5%l Jul 31 Aug 14 Aug 28 5%
      502 words
    • 670 15  -  By NAJEEB JARHOM WATTIE INDUSTRIES of New Zealand is confident that shareholders of Australia's Queensland Trading Holding (QTH) will approve the company's sale of its entire 34.2 per cent stake in local food group Cold Storage Holdings at QTH's extraordinary general meeting
      670 words
    • 920 15 MBT FORMER TIN MINING company Kamunting Tin Dredging (M) is to come under the control of a construction/engineering group in a reverse-takeover deal valued at Mslls million. The deal involves a conditional agreement by Kamunting to acquire the rights from Seri Angkasa Sdn
      MBT  -  920 words
    • 228 15 MBT MBfl AUSTRALIA has announced a one-for-one rights issue to raise A 59.18 million to be used as capital for its merchant banking subsidiary MBfF and its financial services company MBfL (Thailand). The company in an announcement yesterday said the new MBfl shares would be issued
      MBT  -  228 words
    • 150 15 Bernama PERMODALAN NASIONAL Bhd (PNB) has sold another 222,000 shares of Harrisons Malaysian Plantations Bhd between July 8 and 10 for M 51.47 million or M 56.63 per share. Following the sale, PNB's shareholding in the company will be reduced to 171.94 million shares (40
      Bernama  -  150 words
    • 49 15 Company RIGHTS ISSUE lnnov«st Bhd On®-tor-four $1.10 per shore Ex dot*: Jul 34 Books dot* Aug 6 Stm lim Three-tor-tour (g )l 00 per shore E» dote: Aug 6 Books dose Aug 14 Company BONUS ISSUE M»tro Hldgs One-tor-ten E* dote: Jul 31* Books dose: Aug 8
      49 words
    • 210 15 Company RIGHTS ISSUE Ayer Hitom Tin Three-lor one 250 per share C 1 Holdings 27 million loon stocks in the ratio of $3 loon stock lor every five ordinory shores held Duff Bhd One-for-one $100 per shore Duto Cons One-for-one $1 10 per shore F A C B
      210 words
    • 387 15 Johan optimistic DIVERSIFIED INVESTMENT holding group, Johan Holdings Bhd, is expecting better results in the current financial year, especially from its British subsidiary, William Jacks PLC. Chairman Tan Kay Hock said William Jacks currently the franchise holder for luxury cars like Jaguar, BMW and Mercedes Benz made a
      387 words
    • 263 15 Managers' prices MARA-Bumiputra for Aug 4 Firs) 8 putro 759 744 Singapore Unit Trust Sacond 8'putro Third 8* putro 6 76 510 471 515 Th* Commerce 1.24 IJI fourth 8 putro 421 426 Th* Savings fund 106 1 13 Fifth B'putrc 406 4 10 S'por* Prog fund 051
      263 words
    • 124 15 Bernama GLENEALY PLANTATIONS (M) Bhd expects to maintain the previous financial year's operating results and dividend for the current year. The company said in reply to queries from the KL Exchange on its proposed one-for-four bonus issue, announced last week. For the yeaV ended June 30.
      Bernama  -  124 words
  • Page 15 Advertisements
    • 85 15 Wattie margar appaal riiumtt In NZ court, Pag* 16 WHEN THE BULLS CHARGE. CAN YOU BEAR IT? Strong financial support is part and parcel of a sensible investment plan. We can help you achieve just that. Our Share Financing Scheme provides up to 70% financing. And at rates as low
      85 words

  • REGIONAL MARKETS
    • 3477 16 LACK OF follow through support caused the Kuala Lumpur stock market' to close easier in moderate trading. The market opened firm but began to drift with many counters suffering marginal losses at the noon close. Thereafter trading continued to be listless in the absence
      3,477 words
    • 126 16 HONGKONG Hongkong Index Mondoy 2.294 89 Friday 2.***** Week ogo 2.175 00 Hang Song Index Mondoy 3.514 25. Fridoy 3.479 24* Week ago 3.337 46 All Industrials Monday 2.9064 Friday 2.894 8 W eek ogo 2.858 1 NEW YORK Dow Jones Friday 2.****** T Sunday 2.567 44 Week
      126 words
    • 527 16 Reuter JAPANESE INVESTORS are muscling into yet another, previously ail-American corner of US financial markets large-scale trading of Wall Street stocks. Such trading has been dominated by major US investment banks. But industry sources say Japanese securities houses, armed with lots of cash
      Reuter  -  527 words
    • 234 16 UPI A JAPANESE SUBSIDIARY of Smithkline Beckmsn, the world's lesding pharmaceutical firm, has launched a joint venture with a Japanese partner to manufacture and sell nonprescription drugs in Japan. The new firm, Smithkline Sumiyaku Pharmaceuticals, was formed last Saturday by Smith Kline
      UPI  -  234 words
    • 94 16 Reuter SUMITOMO HEAVY Industries Ltd. a major Japanese shipbuilding and machinery maker- has reported it suffered heavy losses on increased sales for the year ended last March 31. The company attributed the unfavourable result to the prolonged shipbuilding recession and sluggish demand for machinery caused by
      Reuter  -  94 words
    • 71 16 Reuter WINSOR INDUSTRIAL Corp I Ltd expects firm growth to continue for the 1987/88 pe- riod, after reporting earlier a 90.9 per cent jump in net profits for the year ended March 31 to HK5322.23 mil- lion. I The firm also made ex- traordinary gains of HKS26
      Reuter  -  71 words
    • 485 16 TOKYO: Share prices closed sharply lower in thin trade yesterday due to rising world crude oil prices, a weak local bond market and concern over upward pressure on interest rates and inflation, brokers said. The 225-shsre market index lost 272.13 points to 24,483.82 sfter felling as low as 24,451.47
      485 words
    • 377 16 HONGKONG: The Hang Seng Index closed above 3,500 yesterday for the first time in the second-heaviest volume ever, as individuals and institutions rushed for shares. The index ended the day 35.01 points higher at 3,514.25, after rising some 40 points initially. The Hong Kong Index gained 22.97 to 2,294.89.
      377 words
    • 105 16 AIM m Mm. Kai ***** -200 mm a WON Kanowon Ind... ***** +190 CMI Sua,, wm K»a Motor ***** -610 DaSfrTST S2S "Tli-, KokmlnC ***** -1380 nTT imi nli.i Koraa Long Tarm 3520 -170 SEShSEv *5 t*° Lucky Ltd 1616 -36 smm ~?2* OrtanUJ Brmry ***** +360 1S5 OrtantalCham
      105 words
    • 44 16 AUG 03 mot Mlrtiil" PMI tp-ig Mlnlno Aj ujiu DMI PMH B ***** uncfi 0.61 +0 03 Ap®* Mirvoo Att« Con. 0 Bapiifft QoM B. aiac ao» +8 San M.gu* B 236 +2 dm o 001 S** ,r .0.0*6 uocti 1 BO -0.2
      44 words
    • 239 16 AIM M 1 All Sincere Indus *T 8 436 0.3 -0.4 unch Kotln Kuochan Oav Laa Chang Yuan Cham Indue Lian Hwa Indue. Nan Ya Plea 31.60 3710 1.1 -0.2 Aaia Cement Cathay Cons 44.10 66 00 129 90 32 30 29 00 46 20 06 unch •0.6 0.2
      239 words
    • 207 16 Reuter THE APPEAL TO ALLOW the merger of Wattie Industries Ltd end Goodman Fielder Ltd resumed in New Zealand High Court after the appointment of a Friend of The Court, John McGrath, to argue the case for the respondents. The appointment of a
      Reuter  -  207 words
    • 490 16 BYDNEY: Australian share prices closed sharply higher at record levels yee* terdey as escalating ten* sk>n in the Gulf and subsequent bullion pricte rises fuelled demand for gold-related and resource stocks. They said a sharp rise in the bullion prie to 471.25/472.25 U.S. an eunce in Hongkong yesterday from
      490 words
    • 160 16 Reuter BANGKOK: The Securities Exchange of Thailand Index was up 11.33 to 325.26 on a turnover of 4.342.880 shares worth 464.03 million baht. Reuter MM 66 Ao Kham Thai Ayudhya limaalman Bangkok Agro-tnd Bangkok Bank. Bank O Ayudhya. Charoong Thai Win 6 CaMa BAHT t 326 162 323 312
      Reuter  -  160 words
  • Page 16 Advertisements
    • 599 16 NOTICE NOTICE IS HEREBY GIVEN that, I Yeo Koon Tat of No. 226 Yishun St. 21 #02-525 Singapore 2776, have applied for a First Class Beer House licence in respect of premises at M/s Ee Sern Eating House at 11 Gay World Park Food Ctre Geylang Rd. Singapore 1438, and
      599 words

  • COMPANY NEWS
    • 885 17 LONDON L d NYT IN RECENT YEARS, London has watched with alarm as much of the equity trading in Britain's flagship companies has crossed the Atlantic to Wall Street, where non-American shares are bought and sold in the convenient, dol-lar-denominated form
      NYT  -  885 words
    • 370 17 Reuter THE US STEEL INDUSTRY, forging its first profitable year since 1981, still needs to cut costs and steel capacity to ensure its long-term survival, according to analysts last Friday. "The fundamentals are just beginning to turn around for steelmakers, who have been aided
      Reuter  -  370 words
    • 844 17 International factors playing key role analysts f WALL STREET L 4 NYT THE BULL MARKET just won't quit, despite the heat of summer and an economy that is merely plodding ahead. The Dow Jones Industrial Average has been leading its less-visible siblings into record
      NYT  -  844 words
    • 559 17 NYT THE CHARLES SCHWAB Corp, America's largest discount broker, has filed for an initial public stock offering, just six months after it was sold off by ailing Bank America Corp. In the filing with the US Securities and Exchange Commission, the company said
      NYT  -  559 words
    • 808 17 NYT "CAT IS HEALTHY AGAIN", a Wall Street analyst declared last week. He referred to Caterpillar Inc, the world's largest maker of earth-moving machinery and a frequent disappointment to shareholders during the 1980s. It often lost money because of industry overcapacity, fierce price
      NYT  -  808 words
    • 133 17 UPI PENNZOIL CO has filed a response to Texaco Inc's request that the Texas Supreme Court hear its appeal of a US$lO.3 billion judgment Texaco was ordered to pay Pennzoil. Texaco. America's thirdlargest oil company, asked the court in June to provide "sim- pie justice"
      UPI  -  133 words
  • Page 17 Advertisements
    • 58 17 CORRIGENDUM PROPOSAL TO CHANGE OF SHIP'S NAME With reference to our official notice dated 3/8/87 regarding the vesael "CAPE KILA" to be renamed "NEW GENTRUST" the date should read Dated at Singapore this 3rd Day of August 1987 instead of Ist Day of August 1987. Dated at Singapore this 4th
      58 words
    • 327 17 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF LIAN HUAT HANG DEVELOPMENT PTE LTD. (Incorporated in the Republic of Singapore) (In Liquidation) MEMBERS' VOLUNTARY WINDING-UP At an Extra-Ordinary General Meeting of Members of LIAN HUAT HANG DEVELOPMENT PTE. LTD. duly convened and held at
      327 words
    • 316 17 IN THE MATTER OF THE COMPANIES ACT, CAP. SO CHUAN BAN SENG TRADING PTE. LTD. (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of CHUAN BAN SENG TRADING PTE. LTD. duly convened and held at Blk. 134, Jalan Buklt Merah, #05-1442, Singapore 0316 on the 30th day
      316 words
    • 328 17 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF GOLDEN MILLION THEATRE RESTAURANT A SITE-CLUB PTE LTD (In Members' Voluntary Liquidation) Special Resolutions At an Extraordinary General Meeting of the members of Golden Million Theatre Restaurant Nlte-Club Pte Ltd duly convened and held at 100
      328 words

  • 623 18  -  By LOH HUI YIN UP TO 20 per cent of the equity in Singapore Mass Rapid Transit Ltd, the company that will be formed to operate the MRT system, will be offered to the two bus companies. Also, the government
    623 words
  • 304 18 Reuter JAPANESE BANKS look increasingly likely to help beleaguered Bank America Corporation after the US financial institution sweetened the terms of a plan to put itself back on its feet, according to Japanese bankers yesterday. "Though some banks remain reluctant, the majority are
    Reuter  -  304 words
  • 446 18 Reuter SRI LANKA's guerilla chieftain will announce today that his rebel Tamil Tigers are ready to surrender their arms under a controversial Indo-Sri Lankan pact signed last week. According to diplomatic sources in Colombo yesterday, Velupillai Prabhakaran, leader of the Liberation Tigers of
    Reuter  -  446 words
  • 261 18 Bernama THE MALAYSIAN Association of Engineers (MAE) yesterday accused the British-Malaysian joint venture Antah Biwater of employing 30 British personnel in spite of thousands of qualified Malaysians applying for the jobs. MAE president Gurmit Singh said that the alleged move by the
    Bernama  -  261 words
  • 176 18 Bernama STANDARD CHARTERED BANK has sued a company, Kentland Sdn Bhd, and former MCA president Tan Koon Swan's companion, Penny Chang Siang Pin, for non-payment of a Ms2-million loan. The writ of summons was filed at the High Court Registry in KL. In
    Bernama  -  176 words
  • 148 18 Bernama THE GLUT in office space in Kuala Lumpur may take two years to be completely over, according to Datuk Rahim Rahman, chairman of real estate consultant Rahim and Co. He said in Kuala Lumpur yesterday that an increase in foreign investment and the gradual improvement
    Bernama  -  148 words
  • 469 18 AFP Reuter SAUDI ARABIA, dismissing Iranian threats to topple the Saudi monarchy, yesterday launched a media counter-offensive to show that Iran has long harboured intentions to destabilise the kingdom. Saudi press reports likewise gave prominence to messages of solidarity received
    AFP; Reuter  -  469 words
  • 550 18 Reuter JAPAN'S much-heralded plan to funnel US$2O billion to developing nations over the next three years is running into opposition from the banks and businessmen who are being asked to put up much of the money. Business leaders said that
    Reuter  -  550 words
  • 58 18 Reuter THE GOVERNMENT of Maldives is to develop two islands hitherto reserved for tourists to reduce congestion in Msle, the capital of the Indian Ocean republic. Although tourism is one of Maldives's main foreign ex- change earners, the government has decided tp Pan tourists from the
    Reuter  -  58 words
  • 85 18 Reuter COMEX GOLD futures soared to 2-1/2 month highs on general buying spurred by news of a planned nationwide strike next weekend by South African mineworkers. Heightened tensions in the Mideast Gulf also spurred demand for the politically sensitive metal, analysts said. In a busy first hour, December
    Reuter  -  85 words
  • LATE FILE
    • 49 18 Reuter US PRODUCTIVITY at nonfarm businesses improved in the April-June second quarter. rising at a seasonally adjusted annual rate of 1.4 per cent, the Labour Department said yesterday. But while productivity improved, construction spending fell by 1.1 per cent in June, the Commerce Department said.
      Reuter  -  49 words
    • 37 18 AP SOUTH KOREA s trade surplus in the first seven months of this year rose sharply from a year ago's US$53l million to U553,015 billion, the Trade and Industry Ministry said yesterday. AP
      AP  -  37 words
    • 36 18 AFP CHINESE WAGES rose by more than 14 per cent in the six months to June, despite official attempts to temper the increase, the daily Economic Reference News in Beijing reported yesterday.
      AFP  -  36 words
    • 43 18 Bernama ES ESSO PRODUCTION Malaysia Inc yesterday signed a Msl3 million contract with Sabah Shipyard Sdn Bhd for the construction and deliveyy of accommodation modules for the Seligi A platform in the South China Sea. Bernama ES
      Bernama ES  -  43 words
    • 37 18 Bernama ES MALAYSIAN Airline System said yesterday it will continue to seek two extra flights a week to London despite the failure of previous talks with British Airways to secure landing rights.
      Bernama ES  -  37 words
    • 33 18 Reuter A PHILIPPINE senate committee said yesterday it wants isolation discriminating in favour of Muslims seeking iotoe end school places in the South of this mainly-Christian country. Reuter
      Reuter  -  33 words
    • 29 18 AUSTRALIA'S Northern Territory has expressed desire to step up economic and trade relations with Indonesia, Director General of Foreign Trade Kumhal Jamil said yesterday.
      29 words
  • Page 18 Advertisements

  • SHIPPING TIMES
    • 423 19  -  By LILIAN ANG OPERATORS in the bustling Straits-Japan trade are enjoying a substantial increase in rate levels, with freight rates now about US$2OO per TEU "higher than at the beginning of the year. This is the first time in a number of years
      423 words
    • 248 19 MITSUI OSK LINES has decided to lower freight rates in a bid to win back shipments of Bridgestone tyres to the North America east coast, says a Lloyd's List report from Tokyo. Mitsui had dominated the Bridgestone trade but
      248 words
    • 132 19 WELDING COURSES run by Unitor Maritime Welding School in Singapore have received in-principle approval for grants by the Skills Development Fund. The grant covers 50 per cent of the course fee paid by the company, subject to a maximum of $10 per trainee per
      132 words
    • PORTSIDES
      • 89 19 AN INDONESIAN tanker has sunk, and 14 of the 16 people on board are missing, the Indonesian Search and Rescue Agency said. The agency said the 177-ton Pulau Gajah sank on last week after huge waves hit it when sailing off Bitung Island 3,000 kilometres
        89 words
      • 88 19 DSR-LINES has started a new conventional liner service between North Europe and West Africa at the beginning of July. The vessel, Rhinsee. is equipped for heavy-lift items of up to 40 tons. The line plans to offer one sailing every six weeks within the United
        88 words
    • 978 20 Lloyd's Maritime Asia RECORD YEARS for shopbreakers are likely to be a thing of the past. After the highs of the VLCC breaking boom of October and November 1985 were sustained by peak levels of bulk carrier scrapping in 1986, this year marks
      Lloyd's Maritime Asia; Source: Institute of Shipping Logistics  -  978 words
    • 429 20 Bernama IT COULD HAVE been taken from the notebook of "Q", the gadget genius who comes up with all those fancy stuff for superspy, James Bond. But for the Esso Production Malaysia Incorporated (EPMI) oil platform workers, the Luminous, oval-shaped capsule is no gimmick.
      Bernama  -  429 words
    • 164 20 Reuter THE NEXT Kuwaiti oil tanker to be re-registered under the American flag and escorted into the Gulf by US warships is due to pass the Strait of Hormuz this Saturday, shipping sources said. They said the 46,723-tonne gas carrier Gas King, formerly the
      Reuter  -  164 words
    • 636 20 AB Shpg V s ABC Container VHI 1 Accord Shpg VI 3 Africa Oceon X 2 AII»ron» VII 3 Amencon Tp» X 2/3 Aiko Service IV 2/3 ANl 1 1/2 A PC line V 4 API 2/3 ASCI HI Anon Oceon VI Bolt Conoda line VN Bolt-Orient
      636 words
    • 218 20 AP THE UNITED STATES Navy is breaking a trend that began after World War II by building ships with steel rather than aluminum superstructures, in part because the lighter metal was found to crack, US officers say. "Aluminum cracks at a much lower
      AP  -  218 words
    • 1148 20 FRESH period time-charter fixing of vessels out of the Far East featured the freight market on Friday, with rates holding fully steady, shipbrokers said. A capesize vessel of 123,000 tonnes dw is said to have been arranged from Singapore-Japan range for 12 months trading at US$2.4O while a
      1,148 words
    • 174 21 THE MAJOR shipping consortia operating betwaan tha Far Eaat/Europaan, Far Eaat/Parsian Gulf, Straits ports/Australia, Straits/Japan and tha member linas: ACE (FAR EAST/EUROPE): Franco Balgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orieat Overseas Container Line Cho Yang Shipping ANRO (BTRAJTB/ AUSTRALIA): Auatraiian National Line Auatralia/Straits Container Line
      174 words
    • 141 21 Fairplay VAG TRANSPORT, a subsidiary of German motor manufacturer Volkswagen, has chartered six new car carriers, naming them after the towns in Germany where it produces its cars, trucks and vana. Ingolstadt, Emden, Kassel, Braunschweig, Wolfsburg and Hannover will be engaged in the transport
      Fairplay  -  141 words
    • 569 21 Lloyd's List A SETTLEMENT has been reached ovar six advancad combination carriars built at a cost of US$l7l million in South Koraa for Norwegian ownars Torvald Klaveness and A/S Havtor Managamant. An agraamant signad by Koraa Shipbuilding and Enginaaring Corporation is baliavad to
      Lloyd's List  -  569 words
    • 171 21 MR A Q A van Rappard has been appointed general manager of Nedlloyd EAC Agencies and region manager (South-east Asia) of Nedlloyd Lines. He succeeds Mr R E Speld who has been transferred to Holland as managing director of North Sea Ferries, a 50-50 joint venture company
      171 words
    • 58 21 THE PORT of Los Angeles has announced appointments to four key staff positions. Mr Lonnie Tang, who is well versed in internal systems and financing, has been appointed director of commerce. Mr Ronald Kennedy is now director of operations; Steve Oillenbeck director of property management; and
      58 words
    • 224 21 SINGAPORE Slipway has completed a contract worth more than $600,000 in jumboising two aluminium craw boats, the Serf Jaya and Alam Jaya, for Asiatic Navigation Unit V. The contract was awarded by CW Marine Services, who is acting as managers for Asiatic Navigation
      224 words
    • 267 21 AFP HEIGHTENED tension in the Gulf States area tended to curb demand in thst region on the tanker market during the past week, as major oil companies and other charterers attempted to sssess the possible effect upon the availability of cargoes there. Fewer fixtures of very large (VLCC)
      AFP  -  267 words
    • 193 21 AFP INDIA has decided to develop a new international port on its eastern coast to relieve bottlenecks at major ports, the Press Trust of India (PTI) reported. The government would begin building a "minor" port next year at Kakinada in
      AFP  -  193 words
    • 115 21 OUTCH company Nelcon BV has clinched an order for two ship-to-shore gantry cranes for Belawan port in Indonesia. The US$ll.6 million contract is part of a larger trade pact worked out between the Netherlands Government Purchasing Office and Indonesia. Nelcon will assemble the
      115 words
    • 9056 26 §®3B[p(DllB A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      9,056 words
    • 516 27 AT CONVENTIONAL WHARVES VhmI B*rtti Arrival Departure KEPPEL WHARVES Guonghe •C35 alongside II 08/2300 Hoteg K27 olongside 04 08/1500 Hong Hing K2I alongside 04 06/0600 lin Petaling 2 KI9 alongside 04 06/1500 0 Pyotnitskry K3I alongside 04 06/0600 Providence K34 alongside 07 06/0600 Qinghecheng IC29 alongside 07
      516 words
    • 868 27 HECEIVM IG Or EXPC >RT FC ;l containi ERS AND LCL CARGO Gdna FCL Ship Voy Arrival LCL movamant date/time Oparator cargo schadula Location Sinofo 958 04 0887 1600 Sea Consort F8 0700-0600 P2 B Permoi 256 0408.87 1700 Ned-EAC F7 0700-0000/0600-0900 A7/C7 Integro 8701A 04 0887 1800
      868 words
  • Page 19 Advertisements
    • 770 19 Hou S.E. Asia upset the logical West HILARIOUS. TRAGIC. dangerous. Available at all Good Bookshops STP Distributors' 1 Jmnq unn Hota H«P« nt< OOCL WW/ jfSwNE SNIPPING AGENCIES (Rif. Ho. 2CM/ 00K) 200 CMtonmnt tad #12-05 SouOHwnt. Singapore 00* Td *****1 TELEX NO RS 2(179 TERMINAL/CFS Td *****11 220 BOOKINGS
      770 words
    • 77 19 JSMDB THE UNITED STATES Navy is breaking a trend that began after World War II by building ships with steel rather than aluminum superstructures, in part because the lighter metal was found to crack, US officers say. Page II A SETTLEMENT has been reached over six advanced combination carriers built
      77 words
    • 1053 19 FESCO LINES IT FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE MIDDLE EAST SERVICE FAST TRANSIT SIN/RIYADH —11 DAYS SIN/SHARJAH —11 DAYS Ttws week Ptantm Closing Time CY 6* 0700 MRS CFS 5* 2100 HPS
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  • Page 20 Advertisements
    • 375 20 mfrftitai TRANSPORT EUROPE/FAR EAST CONVENTIONAL SERVICE VSL PT Of LDG DATES PT KARYATIS Rostock Sailed ELEFTHERIA II Immingham 21-5/8 CLARE Luebeck-Hamburg Sailed TBN Szczecin-Rostock 29-5/1 PAMISES Br amen-Hamburg 27-5/1 TBM Bremen-Hull 2S-4/9 T BN Ijmuiden-Hamburg-Santander 24-3/9 Further load/ discharging porta en route subject to sufficient inducement. Singapore Office: MTM S
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    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
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    • 318 20 CHARGEURS RE UNIS f'. f NQUIPir s ???J 14 C* S r?***** A i 2-»SS3S* Optorg Shipping Pte. Ltd t E L MA I MDOE. L I t «r »i.r «nr' .t P ft ♦< .mq l»>h '00 Petihnq J.iy.i 7S€?5 Prn.inq 62J24S AGENTS SINGAPORE ANGIO FRENCH SKIPPING Tel 22*111
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  • Page 21 Advertisements
    • 817 21 The Straits Steamship Group ffrilSi Mansfield Container Shipping PteLtd STRAITS SHAPING Singapore to Sabah, Sarawak, Bninai Porta and Bangkok P&O Containers Limited PECASUS PROGRESS V4BIN PEGASUS PROGRESS \MBN In Port* Aa| V-U Aaf 11-U A* 1415 Aaf TOUSA BAY TOWO EXnill FRANKFURT EXP*US OSAKA lAT KITANO BAKU LARGS lAT «4
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    • 428 21 n EUROPE/MED nri H y*| USA PANAMA m TO USA/CANAOA WEEKLY FULL CONTAINER SERVICE FEEDER MAKAIU VH4 P. PIERCE Vl3l P. MADISON Vl3B ii^nriihAwCTiDiaFrM 7* MM 14* 13* 114/1 11H7* 2* I- 21* MB 21* 23-24* Iti'L 9* 21* 27* 21* 30-31/1 30* LINEHAUL P. JOHNSON Vl3O P. HARDING V
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  • Page 22 Advertisements
    • 295 22 Hapag-Lloyd I CONTAINERSHIP SERVICE TO UK/CONTINENT CONV, SEMI-CONTAINER SERVICE TO FIIPnPF S POKE H'BURC ROAM A WERP IMMINCHAM RS SHANGHAI 15/8 12/9 9/9 20/9 lt/9 CON V.'SEMI-CONTAINER SERVICE TO MED EUROPF CONTAINERSHIP SERVICE FROM UK/CONTINENT PK Spore HK RAO 6/8 8/8 m 11/t is/8 nit m 12/1 21/8 23/8 KB
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    • 656 22 lei: ■*Xu** ItC&LINE ra*OOMA TIMM ffl/i SMWM FULLY CONTAINERISED SERVICE [10 FUROPE VIA SUEZ 1 ,hf ce C0m0,,,u,n ACE CONCORD 10W KOREAN CHANCE J2W NEPTUNE DIAMOND 71W ORIENTAL CHIEF 55*1 KOREAN JACEJIN «W S pore I (Havre Rdaat Fitowt H burg B hj»en 6,8 27/1 24/8 m 2VB 2M 9
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    • 460 22 ASIA WEST AFRICA CONTAINER SERVICE SAILINGS EVERY MONDAY OUTBOUND VESSEL EVER GOODS EVER CROUP EVER GARDEN EVER GIVEN CABO LCL FCL) FOR: DAKAR, ABIDJAN. TEMA, LOME, LAQOS 8 DOUALA f •ri•|"nf m h-I.ifi. j j ,-rif i< T Singapore Apcnts HAKM SIM DARBY SHIPPING Pll I ID lei Wb 1088
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    • 1261 22 ami-rim* nmw. mesaay, August 4, iw/ EVERGREEN Full Cantimet St:t, Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) TYO KSN 7/9 SCP HKC KSG KLC PUS EVE* GLEAMY M 11H 1M EVE* LAUREL/EVER GOLDEN 12* Hit 10/0 19* EVER GATHER 1M 2M M EVER GUIDE/EVER GROWTH EVER LIVING 1* 5* 7/9 9/9 EVER GIANT/EVER
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  • Page 23 Advertisements
    • 849 23 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE KOTA SMQA MAJAPAHfT QOWA SIN JKT MY SIN HKQ KAO KEE *MUR "HTC *YOK MOO KOfl M ion 12/8 21/• 23/1 2VI IW 30/8 1/8 2/8 1M 20/1 22/8 30/1 1/3 3/3 3/3
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    • 562 23 BEN LINE CONTAINERS IKJJEBSEN LINE NEWZEALAND m 13 ill V 14N UN «> m ■OUNT HEALTHY TOT I STN JorioKs «MS NOUMEA SUVA TA/A* M TV RLUFT 1M 2M UN IIN Zt/t 2M Xft acceptim Fa ano ia mmmuk. wmu. kieta. raraul knbe. uhk. ono rat. HONIARA. ALOTAU TOUT NORESBY
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    • 499 23 DJASAGETRI A Joint Europe Service Of: P.T. UMtMTA LLOYD P.T. 6ESUII LLOYO P.T. fa> MMHESSA P.T. TRIKORA LLOYO EXPRESS SEMI CONTAINERSHIP SERVICES N »u VESSEUVOY SRIWIJAYA/71WB L J. BONTANUUWI occan prnm/bnr ANTWERP S PORE BILBAO BREMEN A'DAM/R'DAMH'BURG IHW 13/» 17/9 2V2M 20/9 25/5 2M M/ 9 1/10 7/10 J/10 12/10
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    • 411 23 BOUSTEAD SHIPPING AGENCIES LOIKAW vm PAGAN VUS* PA-AN VII3W SIT-TWAY V3IE HANDALAY VII HTONEYWA V226W 'Loading for Europe BURMA FIVE STAR (Burmese National Line) Loading for Rangoon S pore P Kelang Penang Bangkok 4<6 Aug 73 Aug 11/12 Aug 11/12 Aug IMI Aug 5/7 Aug 15/17 Aug Discharging only BANK
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  • Page 24 Advertisements
    • 1264 24 LinE SHIPPIFIG-DATfI fITLftHTkC COAST (Round-The-World Service) ORIENTAL FAIR V 4 RAINBOW BRIDGE V 8 •VIA FEEDER •PK/PNG SPORE Sid A U g 8 Aug 14 Aug NYC HFX 12 Sep 16 Sep 19 Sep 23 Sep PACIFIC SOUTH-WEST FEEDER VSI 0. FAIR V 4 RAINBOW BRIDGE V 8 •VIA FEEDER
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    • 644 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* few* P Kiting kmtc v«snt S port |«Mb Frtm Sfdn Aho Acm "KABIROAS" *JS 7Am 22 Am 31 Aut ?9 Au| hMltm ESTECLIPPER VIS II Auf "CMANOIOAS iV 6 S«pt 21 S«et 30 S«pt ?t Swt AM Bra CALABAR VJ7 29 Au( "KABIROAS"
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    • 841 24 GOLDEN LINE MM SV GUAM GUAN SHPTWG (PTE) LTD 11,1 23. W Iff Urt*4 Y^ 1 SNUKK 1104 m W4»eo (W L*S) Ft*: SOW STRAITS/PCRSIAN GULF SERVICE: Sport P Ke«an«fW, GOLDEN WONDER CotomDo'Karachi/Outoi 5/6 Aug GOLDEN BEAR Colombo/Karachi Out* ISA* CHINA SERVICE A VESSEL Shanghai,"Hjinkang 10/12 Aut k\ CHINA OCEAN
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    • 489 24 v© PHILI-Oni€NT LINCS PT€ LT^ HEAD OFfiCE 63 ROBINSON ROAD *07 1? A'RO ASIA BUUDING SINGAPORE 0106 TEIEX RS ***** PHIII ffi* 2?5567€ Mil t *7W OUBAI. DAM MAN KUWAIT. DOHA. MUSCAT, BAHRAIN. ABU DHABI I SHARJAH. JEDOAH HOOEDAH. AQABA H KONG. KOK. KfELUNC MAMLA. MNGKK. TOKYO. COLOMM. KARACHI BOMBAY
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  • Page 25 Advertisements
    • 636 25 Lumpu NEPTUNE ORIENT LINES LTD Si NEPTUNE AGENCIES PTE LTD. ft EU/AUST TPA/SEA Terminal CFS BOOKINGS *****3 *****42 g&S uss NEPIINE SON BHD. aim; uroi IMC cnu nun Xiam iwiumiu. NEPIINE SON BHD XBU) NEPIINE SON BHD 2****** k g NEPLINE SDN BHD 620U5/627t«0/*****:/t77ft2 NEPIINE SDN BHD 23*040/*****1 FAR EAST/EUROPE
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    • 135 25 u TflYO SHIPPING LINES PTE LT[ TEL: *****25 (3 llne») TLX RS SSIOI TAYOIN VESSEL ETA ETD DESTINATION PIYA I 21/8 25/8 KRABI/COLOMBO* ln R 7/8 PEKAN BARU/DUMAI A VESSEL 6/8 8/8 BATAM A VESSEL In Pt 5/8 BANGKOK A VESSEL 31/7 4/8 PORT MORESBY. LEA PO" 1 ternate £?H
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    • 496 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG PENANG. BUSAN. INCHON Vessel's Name No 9 Donam, 70SN M. Enterprise 712N Mo 7 Dona m, 706N No I Dorum;7o6l» No t oorvim/70IN No 9 Donam/706N M. Enterprise,7l3N S pore In Pt OM 17/8 17/8 M M 12/9 P
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    • 744 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** f. KELANG PfNAfrC Tel: *****43, Tli: MA ***** H S l* G T,t 4004 PASIR GUDANG F.I.
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  • Page 26 Advertisements
    • 383 26 SINGAPORE SHIPPING CORPN. (PTE) LTD. TEL: 225-6868 (30 Lines) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD FAX NOS: *****39/*****76 VLB DEUTF R ACHT SE EREEDE FU I pi FORTNIGHTLY FULL CONTAINER SERVICE czzzrzißßtnH I 818 I'-VV '.TM I'fM'■!' virtTM [K—ißiinnl I Ijggg Q2Q| QQI DQI IC2HSiSH •VIA COLOMBO:
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  • Page 26 Miscellaneous
    • 168 26 Regional Weather 55 s m t xl S\ m *> V'a Va tw 4 a I V SS s» S3 m U < SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AM. THIS MORNING. LEGEND •c >A cf Wind direction with speed «i knots Wove height R Thunderstorm Temperature c n
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  • Page 27 Advertisements
    • 243 27 CALL US Tkelang PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 242U88 Will WEEKLY FAR EAST/EUROPE CONTAINER SERVICE BREMERHAVEN. COPENHAGEN, HELSINKI, MAUIO. OSLO, STOCKHOLM, UK. LOADING FROM: GOTHENBURG, BREMERHAVEN, HAMBURG. ROTTERDAM OTHER ORIGINS: AARHUS, AMSTERDAM ANTWERP, BASLE. BREMEN, COPENHAGEN. LE HAVRE. HELSENKI,
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    • 304 27 CONTAINER LINE DAILY ACCEPTING LCL/FCL TO:H Hi i i TRANSTAINERS LINE WEST AFRICA SERVICE PEN/PK SIN TO: DAKAR, CONAKRY 11/8 13/8 ABIDJAN, LOME m 3? CONTONOU, DOUALA LIBREVILLE, PORT CENTIL P. NOIRE, LUANDA Bookings: MAC-NELS AGENCIES PTE. LTD. MAC-NELS (MALAYSIA) SDN BHD. MAC-NELS (PENANG) SDN BHD. Tel: *****44 (22 Lines)
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  • Page 28 Advertisements
    • 357 28 dt* FARGO SHIPPING COMPANY (PTE) LTD. (*Ji regular express full container AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europe/Mediterranean Vsl BRUSSEL ANTWERP£N C. VEROLME TNT EXPRESS 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 V&SI
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    • 551 28 S M N (SOCIETE MAURICIENNE DE NAVIGATION) INDIA OCEAN, SOUTH/EAST AFRICA REGULAR SEMI-CONTAINER SERVICE I G.-er.i SEALION SHIPPING (S) PTE LTD T EL *****81 *****7? TELEX PSUIS4 SE L lON FAX *****41 Afai(A Ocia* LiNts Lid. VESSEL MARIE H Loading for APAPA/LAGOS, PORT HARCOURT, LOME, TEMA, CALABAR AND CONAKRY. Accepting
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    • 144 28 P. T. WASESA LINE WEEKLY SERVICE TO JAKARTA ETA ETD LOAOMQ FOR: 20/1 221* Jakarta/Surabaya 14/« 1M Jakarta/Parting rut 24/$ JakartaSWaniana wm,M (As Owner Roprnantativ*: JOO HWA SHIPPING (PTE) LTD., I BLK «S CRAWFORD LANE. #02-14 I CRAWFORD CENTRE I SINGAPORE 0719 I TELaCtt. *****7 TELEX RS 3Wt JOOHWA J
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    • 434 28 w w> A os«i Mitsui OS K. Lines Ltd CONVENTIONAL/SEMI-CONTAINER AFRICA'S FULL CONTAINER SERVICES SEE MONDAY, WEDNESDAY. FRIDAY ADVERTISEMENT. EAST AFRICA LOVCEN EAAIA ASTRA PEAK SWA 26A SUBJECT INDUCEMENT WEST AFRICA WATERGEUS WAA7A RAINBOW AVENUE WAB3A Rmks: Subiect Inducement Mombasa. Daressalam. Tanga Port Louis. Reunion 13 Aug Apapa/P Harcourt 16
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