The Business Times, 5 August 1987

Microfilm: NL15925
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 WEDNESDAY, AUGUST 5, 1987 75 CENTS
    12 words
  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    170 1 Overseas markets Tuesday HK Hang Song Index 3531.88 (+17.63) Tokyo Nikkei Average *****.60 (-311.22) Sydnoy Alt-Ordinaries 2087.8 27.2) Monday Now York (Dow Jones) 2557.08 (-14.99) London (FT 30 Indox) 1815.1 (-37.4) Exchange rates THE S$ closed weaker against the US$ at S$2.1120/30 (S$2.1115/25) in moderate trading yesterday.
    170 words
  • Article
    Rules almost ready
    39 1 TOUGH RULES stemming from the Iran-contra scandal that would require specific presidential approval of all unusual US intelligence operations are nearing completion. The Washington Times said some senior intelligence officials were upset by the proposed rules.
    39 words
  • Article, Illustration
    Share prices rise across a broad front in light trading
    608 1  -  By ROSIE TAN SHARE PRICES in Singapore rose across a broad front yesterday, taking the Straits Times Industrial Index 15.1 points higher to a record 1,407.22. Trading was light. Except for the hotel sector, which saw six declines against four
    608 words
  • Article, Illustration
    New HDB headquarters to cost $150m
    427 1  -  Original project at Bukit Merah was a $70m complex By LEE HAN SHIH, Property Correspondent A DECISION by the Housing and Development Board to turn a huge development project at Bukit Merah into its new headquarters has added another $80 million to the original
    427 words
  • Article, Illustration
    Lock icon Opec warned against over-production
    385 1 Reuter INDONESIA warned yeeterday that Opec must be careful about cashing in on higher oil prices, saying that a build-up of stocks in ths Wsst could rebound egainst the cartel later. Indonesisn Energy Minister Subroto told reporters aftsr s meeting with President Suharto in Jakarta that
    Reuter  -  385 words
  • Article
    Lock icon China warned of hotel glut
    57 1 Reuter CHINA should ban further hotel construction in Beijing aa jobs already approved are more than enough and more buildings would worsen shortages of water and electricity. A letter in Economic Information said between 1986 and 1990, 10,000 hotel rooms would be added to the
    Reuter  -  57 words
  • Article
    Lock icon Japan fails in bid for removal of US trade sanctions
    354 1 Reuter JAPAN yesterday demanded the removal of US trade sanctions on selected Japanese electronics exports, but failed to win any ground from American negotiators. the chief Japanese negotiator said. The bilateral talks in Geneva were held at Tokyo's request to
    Reuter  -  354 words
  • Article
    Lock icon Hussein Onn in hospital
    59 1 AFP FORMER Malaysian Prime Minister Tun Hussein Onn was admitted to the coronary unit of the Kuala Lumpur General Hoepital after collapeing at his home yesterday. Tun Hussein resigned as Malaysia's third Prime Minister in 1961 after leading the country for five-and-a-half years and was succeeded
    AFP  -  59 words
  • Article
    Lock icon MCA holds talks on education
    165 1 NST LEADERS of the Malaysian Chinese Association and Chinese educationists have agreed that the status and nature of Chinese primary schools should remain unchanged in a proposed amendment to the Education Act, 1961. This was disclosed after a three-hour meeting in Kuala Lumpur yesterday between
    NST  -  165 words
  • Article
    Business Times to give readers more options
    207 1 BUSINESS TIMES will be carrying Comex gold and silver futures prices in the Money Exchanges Page from today. This is in line with our plan to introduce Options statistics in the coming weeks. Trading in options has caught on in the major financial
    207 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      185 1 >:?_)_]&&]%$$-:<:{(-{&<&(`[~>-: BT withes all Muslim readers Selamat Harl Raya HaJI. A HELPING HAND FOR HOME BUYERS «Once you've found your dream home, the next thing you have to look for is a good housing loan. Look to International Bank of Singapore. At IBS, our housing loan scheme is designed to
      185 words
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      Page 1 Advertisements Column 2
      314 1 FuMraport, P»ga 10 Regional markets. Page 7 World Martata, Paga 7 US insurers' dilemma STORM CLOUDS are gathering over the US insurance industry. A price war is looming once again, anxious industry leaders warn. And all because insurance companies have turned the state of Arkansas into a battleground for a
      314 words
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      Page 1 Advertisements Column 3
      23 1 BUSINESS TIMES V you notd to can us: News Ctosk: *****1» Companies DMki 7MMH *****51 Market Irxjicos' *****45 Fax: *****71 Telex: Ml *****
      23 words
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      Page 1 Advertisements Column 4
      94 1 I, 1 1 1 'l 1 M'lj ri The 3rd Asian International Forestry, Woodworking Furniture Supplies Show Conference 30 September -3 October 1987 World Trade Centre Singapore Organaedbf Singapore Exhibition Services Pte Ltd Tel: *****47 c SfclfOODTHDira CHKX VUKXX KSMUMfTC S» Special "HialShah,, p, re „our elegant Seafood.-^^ raised Shark's
      94 words
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  • HOME NEWS
    • Article, Illustration
      Move to S'pore pays off for forklift maker
      467 2  -  By WILLIAM CHIA BUSINESS with China can be conducted more effectively from Singapore than from Hongkong, a Swedish manufacturer of container forklifts found out. Kalmar LMV did not sell a single forklift to China from 1981 to 1985, when it relied on
      467 words
    • Article
      Accountants to take stock of their future
      176 2 ABOUT 300 accountants will assemble at a conference in October to take stock of their future. They will discuss "Accountancy in the 21st Century". The 10th conference of the Singapore Society of Accountants will be held at The Mandarin Hotel on October 30
      176 words
    • Article
      SIA ranked 15th largest passenger carrier
      251 2 KEEPING UP with the big boy* in the eir was no easy task, Singapore Airlines found out last year when the annual results of the world's top 25 airlines were dieclosed. In spite of a better performance, SIA only managed to retain its position
      251 words
    • Article
      Yemen Arab Republic ambassador presents credentials
      121 2 THE AMBASSADOR of the Yemen Arab Republic, His Excellency Mr Mohamed Abdul Koddoa Alwazir, presented his credentials to President Wee Kim Wee at the Istana yesterday. Mr Mohamed Abdul, 54, am-bassador-designate to Singapore, studied political science and economics at the American University of Beirut.
      121 words
    • Article
      Currency and interest rate risks
      164 2 A ONE-DAY lecture-cum-work-shop on managing currency and interest rate risks will be held on Aug 25 at the Pavilion Inter-Coo-tinental Hotel. The course director is Mr Quek Yong Meng, who has more than 10 years of banking and trading experience. In his five years with
      164 words
    • Article
      First five months saw more tourists
      432 2  -  By LIM SOON NEO PROSPECTS for the touriam industry seem to get brighter by the month, with May bringing a 17.4 per cent growth in tourist arrivala the beet thia year. Thia helped to bring growth in the first five months of this year
      432 words
    • Article
      MEMO-PAD
      274 2 Seminars and courses DURATION Aug 10-11 Aug 11-13 Aug 11-13 Aug 11-14 Aug 11-24 Aug 13-14 TITLE Graphic Communication Typography in Design Selling SMb HI Voiue Added Workshop rv_ A_ A ,«i n I/OTO Corporate Plonning and Control Financial Analysis for Monagers VENUE Plaza Hotel PTS Training Centre. Shaw
      274 words
    • Article
      Taipei textile makers hold show at Hyatt
      150 2 MORE THAN 100 Taiwanese textile companies will show off their fibres, yarns and fabrics at a three-day exhibition at Hyatt starting today. Representatives of 10 major Taiwanese manufacturers are also here for the Taiwan Textile Exhibition. The Taiwanese textile indus- try had, in
      150 words
    • Article
      Local clan groupings should change roles
      229 2 WITH THE rapid development of Singapore, the role* of clan associations wilt have to change if they are to continue to be relevant in Singapore. Or Yeo Ning Hong, the Minister for Communications and Information and Second Miniater for Defence, made this observation when
      229 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      244 2 n X v <3 1~3 How Exxon Chemical protects you from the hard knocks of life By helping you ride on air air held securely inside the tough rubber innertubes and tyres of the motor vehicle you use Innertubes, or innerhners in the case of tubeless tyres, made from butyl
      244 words
    • Advertisement
      Page 2 Advertisements Column 2
      45 2 Hotels Worldwide Call *****55 Kuala Lumpur Bangkok Hong Kong F|fi Sydney Melbourne New York City Chicago Auckland Dusseldorf Okinawa Beverly Hills OPENING 1989 Taipei Djakarta Istanbul REGENT INTERNATIONAL HOTELS Sales Reservations Office: 230 Orchard Road #07-230 Faber House, Singapore 0923. Tlx: REGTEL RS *****. c
      45 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Asian managers younger than US counterparts
      421 3 AP ASIAN business mansgers are youngsr, make less money, and are far less likely to be satisfied with their lifestyles than US executives, a University of Michigan study says. Asian executives also sleep more and smoke and eat less than their American counterparts, said
      AP  -  421 words
    • Article
      Lock icon Yen level could decide next Japanese PM
      175 3 Reuter FICKLE foreign exchange markets could tip the balance in determining who will be Japan's next prime minister later this year, political analysts in Tokyo said yeaterday. Finance Minister Kiichi Miyazawa, one of three top contenders to succeed Prime Minister Yaauhiro Nakasone, owes
      Reuter  -  175 words
    • Article
      Lock icon KL takes steps to check growing bureaucracy
      329 3 Bernama THE MALAYSIAN government has drawn up several long- and short-term measures to check the growing bureaucracy in the country and simultaneously to upgrade its productivity. Malaysia has a civil service strength of 800,000, which accounts for 5.5 per cent of the population
      Bernama  -  329 words
    • Article
      Lock icon New Zealand sees first goods and services surpluses
      143 3 Reuter NEW ZEALAND recorded its first ever year-on-year surpluses in the goods and services account in April, May and June, the Statistics Department said. It has been collecting goods and services data since April 1961. It said in a statement that the
      Reuter  -  143 words
    • Article
      Lock icon Income rise expected for Philippine regions
      202 3 Bernama THE NATIONAL Economic and Development Authority (NEDA) of the Philippines has predicted that the per capita income of the country's regions will show marked improvement in the next five years, due to a projected faster production growth. The expected growth in the regions
      Bernama  -  202 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      626 3 ARRIVALS Operator Jtrvici ngmbtf Locol Hffi# From SA SA SA CAL GiA SA SA su SA THAI GIA CPA aM GiA MAS SA THAI ATIOT AI SA SA SU SA GIA JAL SU SU PAL MAS SU ML SU MAS •G CAL SU SA CPA MAS QAL
      626 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      237 3 I 11 I The business person's choice, every I I II \I I II |l\| Tuesdoy. Thursday. Saturday ond Sunday. I JL f fl Ml Leaving Chongi Airport at 22:05 1 iVy -L 1 1 hours ond orriving Heathrow eorly the following morning. Coll your Travel Agent or Air Conodo
      237 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      45 3 Singapore OUTLOOK: •w In araa* at '•port lor 24 hoart prior to 7.30pm an Aug 4 at #w Mra of hmMm.— 4.10 Rainy day* Ms atfh—4 Me 'Janoiro Rom* San Frta'co San Juan I, n jonnoyo Sao fawto S#oui Toipol Tot Avtv Tokyo Toronto Vanoom
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  • REST OF THE WORLD
    • Article
      Lock icon US and Australian officials slam Congress trade Bills
      318 4 Reuter AMERICAN and Australian officials have denounced trade legislation pending in the US Congress, saying it could raise interest rates and set back global efforts to roll back government subsidies. Mr Douglas McMinn, US Assistant Secretary of State for economic and business
      Reuter  -  318 words
    • Article, Illustration
      Lock icon Who are the Irish clan chieftains?
      595 4 Reuter IRELAND'S clan chieftains, direct descendants of the aristocratic warriors who once held sway over the tempestuous island, range from a beagle breeder to a former commander of the Sultan of Oman's army. One is parish priest to the Irish diplomatic mission in Zimbabwe,
      Reuter  -  595 words
    • Article
      Lock icon Little risk seen in relaxing US controls on high-tech China exports
      331 4 Reuter EASING US controls on advanced technology exports to China would pose little threat to national security, according to a US Congressional investigator. Mr Alan Crane, a senior associate of the Office of Technology Assessment (OTA), told a House
      Reuter  -  331 words
    • Article
      Lock icon Third World inflation rising again
      517 4 AP PRICES PAID by Third World consumers are rising again, with the figure in Argentina going up at an annual rate of 98.3 per cent in the first three months of this year from 90.1 per cent in 1986, the International Monetary Fund reported on
      AP  -  517 words
    • Article
      Lock icon First deficit for LDCs since 1982
      369 4 AFP THIRD WORLD countries registered a trade deficit last year for the first time since the start of the debt crisis in 1982, according to statistics released last Monday by the International Monetary Fund (IMF). The share of world commerce held by developing countries
      AFP  -  369 words
  • COMMODITIES
    • Article
      Lock icon India hopes to double tea production by year 2000
      302 4 Reuter INDIA will step up research and development to double tea production to an annual 1.24 billion kg by the year 2000, according to Finance Commerce Minister Narain Dutt Tiwari. Mr Tiwari said planters, traders and government officials would gather at
      Reuter  -  302 words
    • Article
      Precious Metals
      380 4 HONGKONG: The metal closed lower yesterday on late profit-tak-ing by local and Swiss interests after opening higher in line with New York. Bullion settled at U*****.50/477.00 an ounce against an initial U*****.70/479.20 and New York's U*****.70/478.20 close. On the local market, gold finished HK$5B higher at HK54,430 a
      380 words
    • Article
      Rubber
      177 4 SINGAPORE The market closed firmer yesterday with September One RSS buyers quoted at 214.00 cents per kg, up two cents from Monday. Dealers said the morning session gained 1.25 cents following higher Japanese advices and some buying interest. Prices rose further in thin afternoon trading on some short-covering ahead
      177 words
    • Article
      Palm Oil
      2 4
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    • Article
      Oil and Products
      86 4 ALL EAST ASIAN petroleum products firmed again yesterday in spite of signs that speculative crude markets were beginning to experience profit-taking and thus lower-settled prices. U$8/benel Oieng* Dubai (Sap*) 18-A5 ♦au Wm T«MH wn ISapt) 22.lt OT1 Product (FOB S pore) >■10— US$/b« 2: vral Oam ISO
      86 words
    • Article
      Untitled
      13 4 KL TIN Cloilng print on (AASAo) Auguit 4 Prk» Closed Turnover (tonnes) Closed
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    • Article
      RAS and SSR
      193 4 RAS prices m s cmwfob m bat* NOON CLOSE Buyon SoMort Bvyor* Int 1 RSS Prompt 214.50 215.50N 215.00 216.00N Int 1 RSS Sop 87 213.25 21 3.75 214.00 214.50 Int 1 RSS Oct 213.25 213.75 214.00 214.50 Int 2 RSS OP 209.50 211.50N 210.50 212.50N Int
      193 words
    • Article
      Produce Prices
      212 4 Chinese Produce Exchange S#Htn noon doting pi Aug 4 (SI/100 kg)' ■fcti an Coconut oil M FOt 95.00 Otd drum FOt 105.00 N*w drum FOB 109.00 Copra MUod (loot#) 54 Pepper FOt NLW 1160.00 jorawai vnnv FOt faq NLW 1145.00 Sarawak ip^do 1 block FOt Ntw 930.00 Sarawak
      212 words
    • Article
      Soybean
      174 4 SOYBEAN FUTURES on the Chicago Board of Trade weakened again late to close 15% to 11% US cents per bushel lower on Monday. November fell 15 cents to end at U555.10% and in the lower half of the day's 30-cent range. Heavy stoploss selling by locals and commission houses,
      174 words
    • Article
      Wheat
      173 4 WHEAT FUTURES on the Chicago Board of Trade pared some of the day's advance to close 1% to 2% US cents per bushel higher on Monday. December rose 2% cents at U552.77%. Talk that Yugoslavia, Jamaica. China and Venezuela might buy US wheat under the export enhancement programme in
      173 words
    • Article
      London Markets
      340 4 London Commodity Exchange Bvy#f /S#M#r do tin ig pricos on Aug 3 (£/lonno ur Previous doting pr 1 hi,, lf| ,i\ MOlS iP#CtT>#Oi. loot in porfi W1 Coffee to* ln-*oco Land on, soMon option OF London Sop 1228/1229 0 234/1235) High/Low 1231/1217 No* 1252/1253 (1254/1255) High/Low 1256/1244 $ol«i
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  • Page 4 Miscellaneous
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  • BANKING AND FINANCE
    • Article
      Government securities market
      83 5 Treasury bills Period Issue Yesterday's dosing Day's cod* Maturity BID OFFER HIGH LOW 3 months BQ*****F 29.10.87 3.00 2.90 2.96 2.88 6 monlh* BS*****Z 21.01.88 3.14 3.04 1 yeor BY*****S 30.06.88 3.30 3.20 3.26 3.22 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
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    • Article, Illustration
      World interest rates
      173 5 ttw prim* lendtog*r2se of 12 ma|or banks In t'por* Interbank market rates (offer/bid) on Aug 4 uss DM SWFC Y«n 7 4mj% 7/% 3/4 7 3/4 3 13/1*—11/1* 2 3/I-I/I 3 f/14 7/1* 1 7/% 3/4 3 13/1* 11/1* 3 f/l* 7/1* 3 11/14 -•/I* 2 M*
      173 words
    • Article
      Forex markets
      993 5 SINGAPORE: The US dollar closed slightly lowar yesterday against most major currencies after fluctuating narrowly on profit-taking and buying interest. Dealers said trading was thin throughout the day as operators were wary of creating fresh positions amid continued tension in the Middle East Gulf. Traders were waiting for
      993 words
    • Article
      Asian $ market
      274 5 Asian market ASIAN DOLLAR deposit rates closed firmer yesterday compared with Monday's levels, after moderate trading. The firmer rates were attributed to higher US federal funds, oil and gold prices and a sharp drop in US bond prices. One month closed at 6-7/8 6% per cent, unchanged from Monday, three
      274 words
    • Article
      Money markets
      66 5 THE OVERNIGHT rate on the Singapore interbank market roae by ft point to cloee at 3ft per cent yesterday. The one and threemonth term rates roee by 1/16 point each while the two-month remained unchanged. S$ Interbank rates at 7pm yesterday: OW» MO Orm3 1/3 3 1/4 1-mertfc
      66 words
    • Article
      Comex gold/silver futures
      156 5 Gold futures on Aug 3 100 troy ouncw USS par troy ou a Op— W* In M. Amq 87 476J0 478.00 471 JO 477.10 1340 s^> 479.60 1340 Oa 478.00 481.70 ***** 4M.40 12.90 Ok 4*6.00 4*9 JO 4S240 4MJ0 13.20 Nb M 4W.00 493J0 4*940 494.30
      156 words
    • Article
      Simex/IMM
      549 5 SEPTEMBER Eurodollar opened three ticks lower at 92.58 yesterday and moved down to 92.54 as the tension in the Middle East and uncertainty in the US Treasury auction continued to put pressure on the market A minor correction however saw the September contract recovering from the lows to close
      549 words
    • Article
      Lock icon US House approves banking Bill
      421 5 NYT THE US House of Representatives overwhelmingly approved on Monday a comprehensive banking Bill that would inject US$lO.B billion of new funds into the depleted insurance fund for savings and loan associations. The Bill also places limits on certain proposed sctivitiee of banks and other
      NYT  -  421 words
    • Article
      Lock icon Conditions seen as ripe for French interest rate cut
      348 5 Reuter CONDITIONS are ripe for a cut in French money market interest rates, given the strength of the franc within the European Monetary System and the relatively hopeful outlook for inflation, dealers and analysts said. The French monetary authorities have made
      Reuter  -  348 words
    • Article
      Lock icon French commission to tighten risk surveillance
      388 5 Reuter THE FRENCH bank regulatory commission has approved a tightening of the rules governing bank risk exposure and its surveillance, the Bank of France announced. From the end of 1968, the maximum risk expoeure accepted by a credit establishment towards one client or group
      Reuter  -  388 words
    • Article
      Lock icon Mexico beginning to ease credit squeeze
      263 5 FT MEXICO has started to relax the fierce credit squeeze its economy has endured over the past two years, during which the debtstrapped government has monopolised hank finance. This is the clearest signal so far that the government is making a start on the
      FT  -  263 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      53 5 OLYMPICS COMFORT If msa W u A WISE CHOICE The fastest from Singapore to Athens, Olympic offers you extra-spacious 42-inch seats plus all the trimmings and privileges of first class travel on its Olympian Class. All for just the price of a full economy ticket. For enquiries and reservations, please
      53 words
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      Page 5 Advertisements Column 2
      100 5 Casual Club goes to theßeach Friendly. Familiar. Fun. Your kind of beat. Your kind of music. Your kind of disco! What a feeling! And now a whole new experience awaits you dancing on the beach, right here at the Casual Club! Every night with The Music Force. Come, see, feel
      100 words
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  • PERSPECTIVE
    • Article
      A Cinderella in the making
      507 6 SESOAQ, so-called step-sister of the stock market, is finally showing signs that it could be a Cinderella in the making. Recent months have seen its elder sister, the main board, basking in adulation as investors drove stock prices to record highs. Sesdaq was left to
      507 words
    • Article, Illustration
      Lock icon New price war threatens US insurers
      1661 6  -  The US insurance industry is on the brink of another price war. Will this downturn be as vicious as the last? And if it is not, can the insurance companies manage the cycle in a way that prevents more traumas like the liability crisis
      FT  -  1,661 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      137 6 .fulfill i 4 2 2r 4> I 2? r/f iiv > M\ 7// r, A* c v» >/ V «sss«§ ;CN \s V 0* m w m w/^ w w m nil m v, m *A m ,!0m ■m Y////S YM W JM ■//r/'; t /f .y A V ■•sm
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1159 6 TO iiJGBQ&OQ(!) E2i Br* The Brink.. .pulling off one of tho biggest heists In American crime history IB 12 PM SBC Text Sample Paget. Opening and Programme Highlights followed by Vldeofadtion Monthly. Buildings Who Cores? (See highlights). Coming Attractions. World Muscl Album. •Alio 'Alio! Instructional Sports toolings Water wise (Last
      1,159 words
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  • WORLD MARKETS
    • Article
      Lock icon Gulf tensions spark selloff
      1031 7 New York Reuter NEW YORK STOCKS finished lower on Monday as investors stumbted over renewed inflation and interest rate concerns that were triggered by heightened tensions in the Middle East. But energy issues, and traditional inflation-hedge stocks such as gold, scored big gains in active trading.
      Reuter  -  1,031 words
    • Article
      Lock icon Equities continue to decline
      986 7 London Reuter LONDON EQUITIES continued Monday's easier trend in initial dealings yesterday as the situation in the Middle East remained tense and after falls on both the Tokyo and New York stock markets, dealers said. Around 8.20 am, the market dropped sharply after news of a
      Reuter  -  986 words
    • Article
      Untitled
      1000 7 Selected indices HONGKONG Hongkong Index Tuesdoy 2306 43 Monday 2294 89 Week ago *****0 Hong Seng Index Tuesday *****8* Monday 3514.25 Week ago 3337 44 All Industrials Tuesday 2922.8 Monday 2906 4 Week ago 2858 1 NEW YORK Dow Jones Monday 2557 08 Friday *****7* Week ago *****4 TOKYO Standard
      1,000 words
    • Article
      Lock icon Pennzoil wants court to turn down Texaco's appeal
      151 7 AP PENNZOIL CO has asked the Texas Supreme Court to reject Texaco Inc's appeal against a U5510.53-bii-lion judgment. "We address every claim that Texaco has made, and I think a reading of the brief will show that Pennzoil will prevail in this
      AP  -  151 words
    • Article
      Lock icon AMC to vote on Chrylser merger today
      185 7 Reuter LAWYERS for American Motors Corp (AMC) shareholders opposed to a merger with Chrysler Corp have agreed to recommend thet lawsuits challenging the deal be dismissed, AMC said. AMC shareholders are scheduled to vote on the USsl.6b merger agreement at a special meeting
      Reuter  -  185 words
    • Article, Illustration
      Lock icon Commission should review Wattie case, NZ court told
      355 7 Reuter THE NEW ZEALAND High Court was told the Commerce Commission, not the court, should investigate any public benefit matters arising from variations on the merger proposal between Goodman Fielder Ltd and Wattie Industries Ltd. The commission was created as a powerful
      Reuter  -  355 words
    • Article
      Lock icon BTR makes US$222m offer for Stewart-Warner
      414 7 FT BTR, the UK industrial conglomerate,is trying to add StewartWarner, the US diversified engineering company, to its stable of acquisitions with a US$222 million offer. BTR, which made an unsuccessful £1.2 billion bid for Pilkington earlier this year, on Monday took the unusual step
      FT  -  414 words
    • Article
      Hongkong
      475 7 HONGKONG: The Hang Seng Index closed at a new high for the fifth consecutive day yesterday, gaining 17.63 points to 3,531.88 on heavy fresh institutional buying in the afternoon, brokers said. The index fell in the morning in a temporary technical adjustment, but stocks recovered on bullish sentiment stemming
      475 words
    • Article
      Lock icon Bangkok
      161 7 Reuter BANGKOK: The Securities^ Exchange of Thailand Index was up 3.22 points to*!, 328.48 on a turnover of-» 4,610.979 ahares worthl? 471.32 million baht. AIM M MKT A Ao Kham Thd AyudKyt Invtdnttn Bangkok Aground l|- M ,1, L. aa A EMrtgko* BAA* Bank 0» Ayydhya Chafooog Thai Win
      Reuter  -  161 words
    • Article
      Seoul
      131 7 AUG M WON Ctwil Sugar Oaatim Ind Daewoo Corp Dm woo Haavy ***** ***** ***** -500 1000 240 130 Daiahin SocuritiM Dong Ah Phar ***** 1-1300 •170 Dong Sufi Stock Dongbu Slaa< Gow Star Ha ml Bank. HanMCaraant. Hantuik OiaM Hanyang Chamtcal Hyundai Conat Kvundii Moloc......... ***** ***** *****
      131 words
    • Article
      Manila
      1 7
      1 words
    • Article
      Taipei
      289 7 All S*nc«f» Indus 4 38 uncti Aaia Camant 44 70 *06 Camay Con* 71 00 3 Chang Hwa Bank 136 90 6 Chang Loong Ota Ham Camant 40 80 37 60 0 7 0 6 Chin Mam Flour 1530 0.3 Ch»na Cham 28 80 13 China Day 41 80
      289 words
    • Article
      Tokyo
      570 7 TOKYO: Share prices closed sharply lower yesterday in thin trade on concern over rising oil prices and fresh speculation that Japanese companies have broken Cocom rules, brokers said. The 225-share index lost 311.22 points to 24.172.60. near the day's lows. On Monday, the index lost 272.13 to 24,483.82. De-
      570 words
    • Article
      Sydney
      313 7 SYDNEY: The Australian share market was driven sharply higher to its fifth consecutive record close yesterday aa investors chased gold and resource stocks. Brokers said demand was fuelled by a sharp increase in the bullion price to US$477.70 an ounce in New York from its previous close there of
      313 words
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  • SPORTS & LEISURE
    • Article, Illustration
      When Superbeing becomes Superwimp
      526 8  -  By JAIME LYE SO. SUPERMAN. How does it feel to become a naturalised earthling in your latest movie, Superman IV: Tha Quaat For Peace? "Pretty good. All hunky dory and everything, you know? I get to do all this neat human stuff, like nuclear disarmament and
      526 words
    • Article
      Lock icon Ali knows surgery for his sickness is inevitable
      290 8 AP MUHAMMAD ALI says he knows he will have to undergo surgery "sooner or later" for Parkinson's Syndrome, noting his symptoms are worsening as a result of the mild form of a degenerative brain disorder. "I know I'm sick and I know
      AP  -  290 words
    • Article, Illustration
      Eight fighting for World Cup berths
      397 9  -  By WALTON MORAIS VETERAN M Marimuthu heads the field but at least eight golfers are in the running for the two berths in the Singapore team to the World Cup golf championship in Hawaii in November. Marimuthu heads the current Order of Merit standings
      397 words
    • Article, Illustration
      Sharing victory joy
      55 9 JOINT RUNNER-UP Muffin Spencer-Devlin of the US (left) aportingly applauded as the winner of the Women's Brttleh Opan golf tournament Alison Nicholas was lifted off her •aet by her caddie Paul Clifford In St Mellion, England, on Sunday. The American had been heeding for certein victory but
      55 words
    • Article, Illustration
      Lock icon Kiwis cut Britain's Admiral's Cup lead
      331 9 AP THE TWO-NATION BATTLE for the Admiral's Cup heated up on Monday after New Zealand clinched victory in the second in-shore race on Monday. The result cut Britain's overall lead to a single point. The New Zealand yacht Propaganda, skippered by Bevan Woolley, was
      AP  -  331 words
    • Article, Illustration
      Lock icon Mayotte wins Grand Prix match
      205 9 Reuter FIFTH-SEEDED Tim Mayotte led four other seeds into the second round of the U*****,000 men's Grand Prix tennis tournament in Stratton Mountain, New England, with a 6-2, 3-6, 6-3 win over fellow American Todd Witsken on Monday. In the lone upset on the opening
      Reuter  -  205 words
    • Article
      Lock icon Ovett chosen to run 5,000m in Rome
      456 9 AFP FORMER Olympic 800 m champion Steve Ovett has been given a vote of confidence by Britain's athletics selectors for the World Championships. Despite his disastrous day at the English Championships in London on Sunday, he has been chosen to run the 5,000
      AFP  -  456 words
    • Article, Illustration
      Lock icon Germans proud of tennis victories
      294 9 AP JUST A WEEK after Boris Becker led the West German Davis Cup team to victory over the US, the country's pride was boosted again by the come-from-behind victory of its women's team in the Federation Cup. Newspapers throughout the country on Monday headlined the
      AP  -  294 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      966 8 id wiae, «Ui*e and 999 9 9 six Asean countries for only $12^0+* The most colourful and varied Asean Buffet is now on at the Cafe Plaza. Tantalise your taste buds with the wide variety of national favourites from Malaysia, Thailand, Philippines, Indonesia, Brunei as well as popular local Singapore
      966 words
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      Page 8 Advertisements Column 2
      169 8 Complimentary Camus XO with Pine Court's sumptuous Beijing cuisine For lunch and dinner, till August 30 1987 ft A* Rod, Singapore 0923 T& 737 4411 UhM Panarnount HotdWh9fm th* happy ppopf go W m PI '4v\ COCKIML LOUNGE Experience a new and refreshing concept in cocktail lounge entertainment Experience The
      169 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      452 9 imk CANTON Hmß RDeH 0 Pleasing, contemporary surroundings. With exquisite lunchtime dim sum and delicate Cantonese cuisine fit for an emperor. Closed on Mondays. 3rd Floor, Westin Plaza. For reservations, call 338 8585 ext. ***** or 330 8310. The Westin Plaza Raffles Chy 2 Stamford Road, Singapore 0617. Westin Hotels
      452 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      680 9 CRYPTIC PUZZLE ACROSS 1 Retreated from the coast (5) 6 Hardly the type to do a good job (5) 9 Makes Douglas a film •tar (7) 10 Take a blow? (5) 11 No proper cures, dammit! (5) 12 Quarrel with some particular guests (5) 13 Be determined to find a
      680 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Blue chips lead market's upsurge to new record
      4274 10 THE STRAITS TIMES Industrial Index went above the 1,400 level for the second time in history to cloee at 1,407.22 in light trading yeeterday. After briefly touching the intra-day high of 1,407.64, the closely watched indicator ended with a 15.06-point gain. The
      4,274 words
    • Article
      Chief price changes
      154 10 Rites total 50* MO Ct C 443 DOS 1*00 SI A 1450 Ml MM* *95 Ctntom 30* M5 DC 353 M M C JO* 370 MwNr 595 i*M la 454 Ortmmt HW* 330 AMI 25* 350 MM M50* IM CKTwg 4M M Cradk MO Falls SINGAPORE lr
      154 words
    • Article
      Business done on the SES
      3984 10 BID aad odor price* afflrialty ttrted aad bariMß to and report*! to the Stock Exchange of Btafapore fogterday wttfc the number ct toaree traded 4xma la brackets la lota of MM ntots mktm uthaake aptrStort All Haw Settlement Contract» are quoted after the word 'SETT
      3,984 words
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  • COMPANY NEWS
    • Article
      Teng Fong secures a near 60pc stake in Ming Court
      557 11  -  By CORRINA LIM PROPERTY TYCOON Ng Teng Fong has completed his takeover of Ming Court Hotel Ltd, giving him control of his first listed vehicle in Singapore. His attempt at acquiring a controlling stake in another pub-licly-listed company, Singapore Fodder,
      557 words
    • Article
      CADI — a tool to help you read market trends
      524 11 CADI a tool to help you read market trends Getting involved in the stock market is like planning a day out on the beach. It is helpful to know the tides before taking the plunge. Similarly, it would pay for the investor to find out if the market tide is
      524 words
    • Article
      General Securities, United Int'l post contrasting results
      786 11  -  GSI suffers I.2pc fall in profits while UIS achieves 11.2 pc growth By NAJEEB JARHOM TWO CLOSED-END investment trusts, General Securities Investments (GSI) and United International Securities (UIS), have released contrasting interim results. While the United Overseas Bank-controlled UIS has turned in an
      786 words
    • Article
      Maybank adopts new structure
      156 11 MALAYAN BANKING Bhd has set up a new organisational structure, dividing its management activities into two main areas services and operations. Each of these two areas will be supervised by a senior general manager. According to the latest issue of Berita Maybank, Mr Ahmad Mohd Don
      156 words
    • Article, Illustration
      Lock icon Standard Chartered expected to sell South African unit
      612 11 Reuter STANDARD CHARTERED PLC is expected to announce the sale of its 39 per cent stake in Standard Investment Bank of South Africa (Stanbic) today, according to market sources. The pullout, valued at about £120 million, will make Standard Chartered more attractive
      Reuter  -  612 words
    • Article
      Unit trusts
      256 11 Manager»' prices MARA-Bumiputro for Aug 5 6 Fiat B'putro 759 7.64 Singapore Unit Trust Socond B'putro 476 671 T*a Coi—rcm TWd B'putro 510 5.15 125 132 Four* B'putro 621 646 Tha Savings Fund S'pom Prog Fund 107 1 14 FiWl B'putro 405 410 051 055 Sartli B'putro 4.27
      256 words
    • Article
      COMPANY BRIEFS
      307 11 Sale of Sim Lim unit approved SIM LIM INVESTMENTS Ltd said it has, at an EGM held on Aug 3, received approval from stockholders for the sale of the entire issued capital of Sim Lim Co (Re) Ltd (SLCO) to Soon Peng Yam (Pte) Ltd and the issue
      307 words
    • Article
      Kamunting posts lower profits
      96 11 KAMUNTING TIN Dredging (M) Bhd which yesterday announced its intention to acquire the rights to the Kepong Toll Plaza tor Msllsm, has reported group after-tax profits of M 5726.000 (MS 1.24 m) for the year ended March 31, 1987. The group continues to derive its income
      96 words
    • Article
      COMPANY MEETINGS
      136 11 MALAYAN CREDIT LIMITED: 25th AGM in the Winter Room. 8th Floor, South Wing, Mandarin Hotel, Orchard Road, Singapore 0923 on Tuesday, Aug 11, at 10am. HARRISONS MALAYSIAN PLANTATIONS BERHAD: 11th AGM at the Theatrette, Ground Floor, Bangunan MIDF, Jalan Tun Razak, ***** Kuala Lumpur on Wednesday, Aug 12,
      136 words
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      Page 11 Advertisements Column 1
      185 11 BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Filling the gap
      185 words
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      Page 11 Advertisements Column 2
      359 11 NOTICE NOTICE IS HEREBY GIVEN that, I Leow Yuen Lee of No. 222 Tampines St 24 #05-100 Singapore 1852, have applied for a Retail Beer Shop licence in respect of premises at M/s Kimsinli Mini Mart at 150 Bedok Reservoir Rd #01-1731 Singapore 1647, and that this application will be
      359 words
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  • Article, Illustration
    Work on first indoor sports stadium to begin soon
    649 12  -  Cost much higher than expected By LEE HAN SHIH, Property Correspondent AFTER 12 years on the drawing board, the first indoor sports stadium in Singapore will soon begin to take shape but at a cost that is likely to be much
    649 words
  • Article, Illustration
    Who dares wins... a painting contract in Hungary!
    71 12 ALPINE CLIMBERS with an Interest In painting wera saan scaling a local church towar in tha north Hungarian town of Mazokovasd earlier this wsak to apply a coat of protective paint to Its steeple. A group of alpinists were hired to carry
    71 words
  • Article
    Lock icon Gandhi says accord frees Sri Lanka from military powers
    225 12 Reuter INDIAN Prime Minister Rajiv Gandhi said yesterday that the accord signed last week to end Sri Lanka's ethnic feud would free the island from the pressures of military powers. The Press Trust of India quoted Mr Gandhi as having told
    Reuter  -  225 words
  • Article
    Lock icon Seoul army urged to stay neutral
    216 12 AFP SOUTH KOREA'S opposition coalition yesterday urged the military to maintain strict political neutrality, warning that any attempt by the army to intervene in politics would face enormous popular resistance. The opposition front, the National Coalition for a Democratic Constitution (NCDC), also demanded the
    AFP  -  216 words
  • Article
    Lock icon Tokyo's plan to merge telecoms groups falls through
    243 12 AP THE JAPANESE government's hopes of merging two international telecommunications groups planning to compete against a Japanese monopoly fell through yesterday, and both sides said they would apply for separate licenses. If the government approves, it would clear the way for the
    AP  -  243 words
  • Article
    Lock icon Japanese companies deny violating strategic export rules
    306 12 Reuter THREE Japanese companies denied yesterday that they had illegally sold strategic exports to communist countries following a Japanese newspaper report which sent rumours sweeping across a jittery Tokyo stock market. "We have observed Cocom (strategic export) rules and have never conducted any
    Reuter  -  306 words
  • Article
    Lock icon US House to debate textile Bill
    162 12 Reuter THE US HOUSE of Representatives Ways and Means Committee on Monday sent a Bill on curbing textile imports for debate in the House later this week or after the August recess. The Senate Finance Committee last week sent a similar Bill to the
    Reuter  -  162 words
  • Article
    Lock icon Mecca hajis greeted with anti-US slogans
    214 12 AP MUSLIM PILGRIMS from 123 countries gathered at the Plain of Arafat and 'stoned the Devil*' yesterday, climaxing their pilgrimage to Mecca. Rifle-toting security officers closely guarded Iranian groups. Teheran Radio, meanwhile. blared anti-US slogans and threatened that Iran would undermine American and Saudi
    AP  -  214 words
  • Article
    Lock icon The gleam of gold appears more alluring now
    662 12 Reuter WHAT MOST PEOPLE consider bad news can be good news for gold investors, and rumbles of war, fear of inflation, and proepects of a strike in a major producer country have Asian gold dealers bullish. Dealers and industry analysts said yesterday
    Reuter  -  662 words
  • Article
    Comex gold and silver
    92 12 COM EX gold itures lost more than US$4.O. aarly yesterday, with dealer selling triggering a modest profit-taking response from commission houses following Monday's robust gains. December gold was off US$4.6O at U*****.10 an ounce. Comex silver futures lost ground in an early profit-taking raaction to Monday'a
    92 words
  • Article
    Lock icon Sarawak assemblymen join PBB
    76 12 Bernama TWO OF THE FIVE Sarawak state assemblymen who left Parti Bansa Dayak Sarawak (PBDS) have applied to join Parti Pesaka Bumiputra Bersatu (PBB). PBB executive secretary (registration and records) John Nyigor said yesterday that the two, whom he declined to identify, sent in their applications
    Bernama  -  76 words
  • LATE FILE
    • Article
      Lock icon Pledge by Lanka rebel leader
      58 12 UPI TAMIL rebel leader Vollupitlai Prabhakaran yaatarday promiaad that his guerilla fighters would lay down their arms undar the terms of a peace accord aimed at ending Sri Lanka's civil war. "We love India," the rebel leader reportedly said in Jaffna. "We will not fight
      UPI  -  58 words
    • Article
      Lock icon Sino-Soviet border talks
      52 12 Reuter CHINESE and Soviet officials will meet in Beijing on Friday to try to settle their oldest dispute where to draw the line along parts of the world's longest land border. Soviet Deputy Foreign Minister Igor Pogachev and Chinese Vice-Foreign Minister Qian Qichen will head the two
      Reuter  -  52 words
    • Article
      Lock icon HK criminals, Shanghai crime
      35 12 Reuter CRIMINALS from Hongkong are involved in a flourishing black market in counterfeit money and forged permits on the streets of Shanghai, according to the Shanghai daily, Wen Hui Bso. Reuter
      Reuter  -  35 words
    • Article
      Lock icon Language links to improve ties
      39 12 Reuter HIGH school students in Australia's Northern Territory will be required to take classes in Indonesian in an effort to improve tiee, chief minister Stephen Hatton said in Jakarta yesterday after meeting President Suharto.
      Reuter  -  39 words
    • Article
      Lock icon Criminal charges in the offing
      35 12 Reuter PHILIPPINE government lawyers are preparing criminal charges against ousted President Ferdinand Marcos as part of legal actions to recover his alleged "ill-gotten wealth", Solicitor-General Francisco Chavez said yesterday. Reuter
      Reuter  -  35 words
    • Article
      Lock icon Firm stand on labour dispute
      43 12 Reuter SOUTH AFRICA'S Chamber of Mines Mid yesterday that it would not improve its offer of wage increases for the thousands of black gold and coal miners who have threatened to start a national strike on Sunday. Reuter
      Reuter  -  43 words
    • Article
      Lock icon SDP members to vote on merger
      41 12 AFP MEMBERS of Britain's Social Democratic Party will vote tomorrow on whether to merge with the Liberal Party and turn the two-headed Alliance formed in 1961 into a single centrist force in British politics. AFP
      AFP  -  41 words
    • Article
      Lock icon Dragnet spread wider
      31 12 Reuter POLICE investigating the murder of Philippine Cabinet Minister Jaime Ferrer spread their dragnet to a nearby province yesterday following reports that one assassin had fled Manila. Reuter
      Reuter  -  31 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      43 12 LKTUS HOTEL "TOUR Backed by 30 years of experience ••Is for major airlines to China. Furope istrali.i USA anri S F Asia rommodation world-wide ixjr.ims to China Furope rates professional services ***** 77 Oua> 81-36/37 Hooq I <vto<3 Btdq L-± 11// TRAVEL TAO62
      43 words
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      222 12 s v i K •Vf w v -?*y w N f J >' W' »5 T •-»> v r s J > g& »T J > A Incredible but true A 9-COURSE SEAFOOD LUNCH FOR ONLY $85.00!! Just one of our fabulous set lunch super meals. 2 persons 3 persons
      222 words
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  • SHIPPING TIMES
    • Article
      Lower crude volumes depress S'pore throughput
      433 13  -  By LINDA CHEE LOWER VOLUMES of crude and refined petroleum handled in Singapore slowed down growth in total seaborne cargo to a trickle in the first half of 1987. At 54.2 million freight tonnes, total cargo handled was only 87,600 tonnes or 0.2 per
      433 words
    • Article
      Lock icon Gulf war rates not affected by Mecca riots
      344 13 Reuter WAR RISK insurance rates for tanker hulls in the Mid-East Gulf have so far been unaffected by increased tensions in the Gulf following the Mecca riots, marine insurance brokers said. "It's too early to say as yet whether rates will increase,
      Reuter  -  344 words
    • Article
      Lock icon Korean shipbuilders agree to coordinate new ship orders
      125 13 Seatrade Week THE FOUR major South Korean shipbuilders have agreed to coordinate principle for securing future newbuilding orders. Hyundai and Daewoo will basically concentrate on large vessels like VLCCs, ore carriers and combination carriers. Samsung and KSEC will concentrate on specialised carriers
      Seatrade Week  -  125 words
    • PORTSIDES
      • Article
        Lock icon Bulgarian ship on fire
        90 13 Reuter A BULGARIAN ship, the Kherson, caught fire in the bay near the port of Bourgas on the Black Sea but crew members managed to extinguish the blaze, the official BTA news agency said. It said the fire started in the ship's engine room. But crew
        Reuter  -  90 words
    • Article, Illustration
      Australia starts building underground traffic tunnel
      860 14  -  By KINGSLEY WOOD HARBOUR TEST drilling has started and. after more than 30 years of argument and discarded plans, the task of linking Sydney to the north shore by a submerged traffic tunnel is finally underway. It is being constructed by two specialists in
      860 words
    • Article
      Lock icon Warning to Soviet Union over Antarctic seals issue
      160 14 UPI THE SOVIET UNION has been warned that New Zealand will close its ports to Soviet ships seeking access to Antarctica if it continued large-scale sealing on the frozen continent. New Zealand Prime Minister David Lange delivered the ultimatum at a press
      UPI  -  160 words
    • Article
      INDEX TO ADVERTISERS
      893 14 AB Shpg V 5 ABC Container VW 1 Accord Shpg VI 3 Ahrenkiel liner XI 1 Africo Ocoon XII 2 Alltrons VN 3 AC Toepter IX 5 Amencon Tpt XII 2/3 Aitro Service IV 2/3 Arrow lines IV 3 Asian Ocean VI 3 Arte line X 4
      893 words
    • Article
      Lock icon Seven-man team to study Lloyd sale
      145 14 Seatrade Week BRAZIL'S Sunamam merchant marine regulatory agency has established a seven-man commission to study the possible sale to private interests of Lloyd Brasileiro, the country's financially troubled, state-owned general cargo carrier. The group will initially weigh two specific proposals presented to the Brazilian
      Seatrade Week  -  145 words
    • Article
      LONDON FREIGHTS
      1476 14 FAIRLY active time-charter fixing featured an otherwise rather dull freight market on Monday with North American grain buaineaa very slow to develop, shipbrokers said. Time-charterers are reported to have arranged more large vessels with a 123,000 tonner arranged from Japan to Antwerp-Hamburg via Australia at US$2 65 per
      1,476 words
    • Article
      CONSORTIA
      174 15 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
      174 words
    • Article
      Seattle claims to be top US port for container exports
      173 15 THE PORT of Seattle claims to have become the number one US port for container exports. Basing its claim on the latest US Census Bureau foreign trade statistics for 1987, Seattle says it took over the number one position "while
      173 words
    • Article, Illustration
      Lock icon APL to double size of Oakland terminal by acquiring USL facility
      402 15 Lloyd's List AMERICAN PRESIDENT Lines is seeking to double the size of its terminal in the port of Oakland by taking over the adjacent facility of the bankrupt United States Lines. USL is still using the Oakland base for
      Lloyd's List  -  402 words
    • Article
      Lock icon WEEKLY FREIGHTS
      909 15 AFP GROWING expectations of continuing strength on the freight market boosted demand on the time-char-ter front during the past week as charterers sought to protect themselves against the possibility of increasing costs. The market began the week on an uncertain note, in the belief that a pause in
      AFP  -  909 words
    • Article
      SHIPPING EVENTS
      203 15 Sep •-11 Offshore Europe '87 to be held at the Aberdeen Exhibition and Confernce Centre, Aberdeen Scotland. Contact Spearhead Exhibitions Ltd, Rowe House, 55/56 Fife Road, Surrey KTI ITA, Telex: *****2 Sep 8-11 Offshore Europe '87 to be held at the Aberdeen Exhibition and Conference Centre. Aberdeen Scotland.
      203 words
    • Article
      SHIPPING LIST where your ships are due...and when
      10620 20 §eaBGX!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 of
      10,620 words
    • Article
      Who acts for whom ...
      1979 22 Who acts for whom A—fß AB Hupping Boustsad Shpg Agencies ABC Cootaineriine NV Spore Shpg (S). Accefd Shpg Accord Shpg (8). Africa OcMn Linee Seeiion Shpg (S). AhreNuel Liner Kim Shpg (S) Alfred C Toepter Oceenue Shipping Agenciee (S) Muftiport SOn Bhd (PK) Alltrene Alttrane Exprasa Aiwletn President Linee APL
      1,979 words
    • Article
      CONTAINER SCHEDULES
      859 23 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movement Ship Voy data/time Operator cargo schedule Location Tambang VIII 8196 *****7 1600 Cohoyo Sam F7 0700-0600 C8 Bold Eagle 7 *****7 1800 Eogle Cont F5A 0900-1000 R4 Anson *****N 0508 87 1830 Heap
      859 words
    • Article
      SHIPS IN PORT
      291 23 AT CONVENTIONAL WHARVES VnnI Bert i Arrival Departure KEPPEL WHARVES Alexandraki CIO olongside 05.06/1200 Equator V K22 alongside 05.08/0300 Guanghe K35 alongside 11.08/2300 Ha teg K27 alongside 05.08/0900 Kannikar K15 alongside 05.08/1500 Koto Berkat K3I alongside 05.08/2300 Ned Modras K18 alongside 05.06/0600 Providence K34 alongside 07.08/0600 Qinghecheng
      291 words
    • Article
      Lock icon Soviet tankers carry Kuwaiti oil through Gulf on the quiet
      541 24 Reuter SOVIET TANKERS in the Gulf are carrying Kuwaiti oil through the troubled waterway without the fanfare which has accompanied the American naval escort for reflagged Kuwaiti tankers. One of the three Soviet tankers chartered by Kuwait was holed by
      Reuter  -  541 words
    • Article
      Lock icon Tension mounts as Iran starts manoeuvers
      147 24 AFP TENSION in the Gulf appeared headed for a new high yesteday as Iran called on all foreign shipping to stay out of its waters for the three-day duration of military manoeuvres, and Washington said that a new US convoy escorting Kuwaiti ships would
      AFP  -  147 words
  • Page 13 Advertisements
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      892 13 jSiGMfli'l How S.K. Asia upset the logical West HILARIOUS. TRAGIC DANGEROUS Available at all Good Bookshops STP Distributors Jutmg »wi Road o Jardines NORTH AMfRICA ATLANTIC EXPRESS (ROUND THE WOR! D ROUTING EXPORT I ■CPTUNE MANET OMENTAL FHfIDOM ORIENTAL FAITH ORIENTAL FHIENOSHIP Nf PTUNf 6ARWT ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE
      892 words
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      Page 13 Advertisements Column 2
      120 13 mm HARBOUR TEST drilling has started and, after more than 30 years of argument and discarded plans, the task of linking Sydney to the north shore by a submerged traffic tunnel is finally underway. Pege II AMERICAN PRESIDENT Lines is seeking to double the size of its terminal in the
      120 words
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      Page 13 Advertisements Column 3
      812 13 SHE HAD AfVONAN Or power, she SUBSHKE REVENGE. Emma Hartr is A WOMAN OP SUBSTANCE *But what is the prior X she has paid? ft Available at aU good bookshops MAERSK LINE. MIDDLE EAST SERVICE FAST TRANSIT SIN/RIYADH II DATS SIN/SHARJAH —11 DATS Th» mt Plantm Closing Tim* CY 6/8
      812 words
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      397 14 EUROPE/FAR EAST CONVENTIONAL SERVICE VSL PT of LDG. KARYATIS Rostock ELEFTHERIA II Immingham CLARE Lusbeck-Hamburg TBN Szczscin-Rostock PAMISES Bremen-Hamburg TBN BrwMn-Hull Further load/ discharging porta an route subject to sufficient inducement. &nppore Office MTM Spore. Tel: *****00 Tlx: RS ***** MTMSEA. Fax: *****45. TEL: 03-*****50 malayka son. bhd. TLX: *****
      397 words
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      Page 14 Advertisements Column 2
      20 14 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National \'.wSrJ§Jt) Shipping Association. V* s%**
      20 words
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      Page 14 Advertisements Column 3
      564 14 C SAV Cor*:\}n<j Sud d-r 'Ijccrr S 2LHa SERVICI to/from CHILI FEEOU VESSEL SPOtE MOTHER VESSEL HK AJIICA KM ANTOF VALP SAI BENAVM JH NOKESTAR MC 17/ M MR W* A VESSEL IM CAR CARRIER 3*l 2JIM (TO* BX) TOWO EXPRESS 1M ATACAHA M 2/U 1/M VM CARGO FM PUMTA
      564 words
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      Page 15 Advertisements Column 1
      606 15 The Straits Steamship Group Pim Mansfield Container Shipping PteLtd STRAITS SHIPPING Singapore to Sabeh, Sarawak, Brunei Porta and Bangkok P&O Containers Limited CONTfUNERSHP SERVICE TO UK/CONTMENT: PEGASUS PROGRESS V4B2N PI CASUS PROGMSS V«BN S'PORE I'M* U-12 Aag 14 -15 A«g i*-u Auf n a *1 BANGKOK BORNEO AGENCIES LTD. BANGKOK
      606 words
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      Page 15 Advertisements Column 2
      659 15 n (•2 EUROPE MED irmnr* I7JI ma mi i7ii t7.ia tut tin lf.ll 14.11 IS.II •ESSEI MTU SEMTM EE 7N 17 .17 EE 7N aJ7 EE 711 12* EE 711 Z7JI r Qmnmnk Agent mm USA/PANAMA ATM EF 7N 11 Ml SEMTM EF 7M MM SEMTM EF 711 |I2M NTH
      659 words
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      Page 16 Advertisements Column 1
      301 16 CONTAINERSHIP SERVICE TO UK CONTINENT COPENHAGEN. AANHUS. GOTHENBURG. MA UK). HELSINKI. OSLO. AMSTERDAM CAR MEAN A 1 AMERICA CONV SEMI CONTAINER SERVICE TO EUROPT CONV SEM! CONTAINER SERVICE TO MED EUROPE n REN TRIES LEX MLIAO HBG S HAVEN AMS bomjssia un vi uji \i» a/i w m CONTAINERSHIP SERVICE
      301 words
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      Page 16 Advertisements Column 2
      703 16 FULLY CONTAINERISED SERVICE fTO f UROPt VIA SUIZ Mff hf 01 thf ff Cjnsw lf (ROM I IRQPf VIA SUII Mr.rih'. ot ConsOTtrum ii| I Y CONTAIN!RIM 0 111 f ROM NORTH AWRICA AISI COAST CONVtNTIONAL StRVICE TO PERSIAN GULF GEN AGENTS: CROWN MAR ME CO (PTE) LTD TEL: 2227
      703 words
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      Page 16 Advertisements Column 3
      445 16 Arrow Lines a S'PORE/COLOMBO/S. AFRICA l;Ti1 ARROW PRINCE 13A 28/1 2/9 ARROW KING 17A 19/9 24/9 Maputo call wbjoct to mtfucanwnt S'PORE/BENGAL/E. AFRICA VSL S PORE CHITTAGONC CHALNA E. AFRICA PORTS ARROW QUEEN/2 lift ifft 15/8 3-11/9 ARROW DUKE/2 1/9 1/9 12/9 24-4/11 E. AFRICAN PORTS CALL MAHEJMOMBASA/DARES- SALAAM Singapore
      445 words
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      Page 16 Advertisements Column 4
      1010 16 vf Kfii EVERGREEN Round-The-World East Bound (Ft/CARIB USEC/EURO'FE) scp MB uc KLC EVER CLEAMT In h «H 110 11* IVtll LAUREL/EVER GOLDEN 12H 1M MB MR EVER GATHER 1W 2W S* OH EVER GUIDE/EVER GROWTH M Dl IJI EVER UVIHC 1/9 VI 71* W EVER GIANT/EVER GENIUS 1/9 12/9 14/9
      1,010 words
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      Page 17 Advertisements Column 1
      737 17 x PACIFIC INTERNATIONAL LINES \m*\ PIL Building. 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE SEA PEARL SEA KARL RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E. GULF SERVICE BANGKOK SERVICE INDONESIA SERVICE AGENTS BRUNEI ft SABAH
      737 words
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      Page 17 Advertisements Column 2
      713 17 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT T«kM Eiprtu City *1 EAmfcvfti M M M 114 20 f m m un \m vii at an an an an w» EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANC AND EAST MALAYSIAN PORTS KkJJEBSEN LINE NEW ZEALAND Tt
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      Page 17 Advertisements Column 3
      512 17 <**. J 3 < TOIi lj|T jj/F iIM VCSSCL/VOY SPORE SRIWIJAYA/21WB 16-1 M LJ. BONTANC/12WB 26- 2M OCEAN PRIMA/IWB 4-1/1 PALEMBANG/7WB 25-271 ANTWERP BILBAO BREMEN A DAM/R'DAMH'BURG 13/9 17/1 20f9 SI SD 310 7/10 KIC UlO 2400—21/10 31/10 Sublet to Inducement Also mccapUnQ cargo to Casablanca, Port Said, Port Alexandria,
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      Page 17 Advertisements Column 4
      402 17 BOUSTEAD SHIPPING AGENCIES 1* BURMA FIVE STAR 104 KAW V 123 PAGAN VUSW PA-AN ¥113* 1 sit tway vsie i *MANOALAY VU HTONCYWA V22SW 1 'Loatfinf for Europe (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok «/7Aug VlO Aug 11/12 Auf 11/12 Au| lyii *7 Aug fit BANK
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      1340 18 K UFIE SHtPPinC DftTPi fITLfifITIC CDRST (Round-The-World Service) •PK/PNG SPORE ORIENTAL FAIR V 4 SW S Au« RAINBOW BRIDGE VI Aug 14 Aug •VIA FEEDER PACIFIC SOUTH-WEST FEEDER VSL *PK/PNC SP MOTHE 0. FAIR V 4 Sid Aug MANH/ RAINBOW BRIDGE VI I Aug 14 Aug HENRY •VIA FEEDER PACIFIC
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      Page 18 Advertisements Column 2
      706 18 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contalrwre Faadm P.Mm, Lmar *M* Spar. llWb Fraat S>* Ate Acrapt "KABIROAS* VJS Agf 22 Aim 31 Aim 71 Am AM'fen ESTECLIPPER Y.U II Aa, Yi7 i Sapt 21 Sapt 30 Sapt 21 Sapt AM/Bnt CALABAR VJ7 21 Ay| KABIROAT V* 27 Sapt
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      Page 18 Advertisements Column 3
      796 18 GOLDEN LINE ms 65\ omn em sum* <pte) ltd II Trt* »rw Mr tH T -H Slum tIM 18. S34MI (M IMS) Fai: M STRAITS/PERSIAN GULF SERVICE: S-pora PKe*a<*Pana GOLDEN WONOCR Cotombo/Karadu/Dutei fl Port GOLDEN BEAR Cotombo/Karachi/Duea< 1Sfl( Au| CHINA SERVICE t A VESSEL Shan«hai/Hiinkan| M/ 12 Au| CHINA OCEAN
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      Page 18 Advertisements Column 4
      400 18 Mil i b PHILI OfIKNT LIN€S PT€ LTD HftO OFF tf t3 RDB NSC'. c 3«? fr*RO AS Bi/ IOiN j S'SoA r O«C r HIF PS 787?3 PH> let mmnnnnn. *zAi ABU OHM MMUM. JEOOAH. HOOEDAM. AO .n ,v.V J.M-j.'i'j'h ICS lATTAKM. BBWttB TUTOU, ALEXAKMA. l'iJi'.?i.i UK EUROPE SERVICE
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      829 19 NEPTUNE AGENCIES PTE. LTD FE EU/AUST TPA/SEJ Ttrminil CFS BOOKINGS 27BS7SJ *****42 *****22 *****53 279M11 *****16 I7WII 27*1141 NEPLINE SON BHD HMD IN«AAO/OUTWAAO NEPTUNE ORIENT LINES LTD NEPtINE SDN BHO. xan NEPtINE SON. BHD *****8 NEPLINE SDN BHD 6208J5/627H8M*****/677W NEPLINE SDN BHD. 2MB4H/230N1 ENQUIRIES *****44 FM EAST/EUROPE FULLY CONTAINERISED SERVICE
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      Page 19 Advertisements Column 2
      124 19 n TAYO SHIPPING LINES PTE LTD TEL *****25 (3 Llnet) TLX RS ***** TAYOIN VESSEL PIYA I 21/8 25/8 KRABI/COLOMBO* S'NAR In Pt 7/8 PEKAN BARU/OUMAI A VESSEL 7/8 8/8 BATAM A VESSEL In Pt 5/8 BANGKOK A VESSEL In Pt 4/8 PORT MORESBY, LEA P.KUnf Ag«nt INTER SYSTEM CO
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      Page 19 Advertisements Column 3
      309 19 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON I S PORE AUNTS NEPTUNE AGENCIES PTE LTD Tel *****12,27»54i4 **********2022 (Operjtions) *****4' 22W2W (Terminal) *****50 *****04 (CFS) MALAYSIA AiENTS TUNAS SETIA SON 6*o •H Tel 2>«<ftSbr«oM p T *&>%* JMO4.T feK.** ?EN Tel *W*'47S*727S v*
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      Page 19 Advertisements Column 4
      658 19 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** M(S HANDLING SYSTEM CO SON BHD MESSRS MAI THONC SMIPPmc ITI KWES 'JLISStUST m D &CSS JSS.'Sr JTT* JJM7I/321W
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      20 19 LCL/FCL TO lOTTERDAM 11/8 Also accepts LCL/FCL to other destns. FREIGHT MANAGEMENT: SINGAPORE TEL 224Z211 (15 LINES) BANGKOK TEL 2QMM-5
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      402 20 S' SINGAPORE SHIPPING CMP*. (PTEI LTD. TEL: 225-6868 (30 Lines) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD FAX NOS: *****39/*****76 VEB DEUTERACHT SEEREEDEREI FORTNIGHTLY FULL CONTAINER SERVICE TO EUROPE C BB ■kLIJKaEJCaJBJ mm •VIA COLOMBO: Acapting cargo for INDIA Bombay. Cochin Madras "VIA LARK AC A Accepting cargo
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      230 21 zM C«U. US PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4. *****3 07 *****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER IUTANG XI t. BUTANC 353 B. MJTANC XS *****231 MTHR VSL I. PCRMAI '4 PACIFIC SUNSHINE SO GALLIA OTHER DESTINATIONS:
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      Page 21 Advertisements Column 2
      186 21 CONTAINER LINE DAILY ACCEPTING LCL/FCL TO:Hi li J: i K TRANSTAINERS LINE WEST AFRICA SERVICE PT. KELANG MISTmLU r 1 "S£ BANGKOK PENAN6 TOKYO P^S^E^UANDA 00 11 PORT T0 DOOR DELV: PT KELANG T0 KOTA KINABALU IN CONTR SV! Bookings: MAC-NELS AGENCIES PTE. LTD. MAC-NELS (MALAYSIA) SDN BHD. MAC-NELS (PENANG)
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      Page 22 Advertisements Column 1
      454 22 EH KMH S. HOfUF AUG I a AUG «SEP 13 SCP I 14 SEP 23 1 M OCT Qt OCT 15 OCT I Accaptim Brufcbulk. Xo/Wo, Containan to Sharjah, Doha and Riyadh. REGULAR RO-RO SERVICE TO USA/CANADA I SINGAPORE! P KELANGI k: i'i«l<l wwv.hwi I NEW ORLEANSI HOUSTON HALIFAX 22
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      Page 22 Advertisements Column 2
      487 22 FINE LINER SHIPPING PTE LTI) 0 Wty 4 n?C House S pore 0?07 TFI ??W077 (6 l.nes) T t« »S .VWI FIINFR fAX J EUROPE SERVICE ta FAR EAST SERVICE EE253E523 EHCH middle east gulf service QUI SHJ AM M 17* 1M 1M m IS2 5 3 AUSTRALIA SERVICE Fran
      487 words
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      Page 22 Advertisements Column 3
      429 22 ZIM FULL CONTAINER SERVICE accepting FCL/LCL careoes to USA tat 8 West Coast, Carribbean.East Canada, HAITI, Port Au Spain, Barbados N ST. LUCIA 'in a n |J 71 Hi AUSTRALIA CONTAINER SERVICE i ZIM S PORE ACCEPTING CARGO TO ADELAIDE ¥IA MELBOURNE AND ALSO FCL TO fiUAM. ZIM lILAT CONTAINER
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      Page 22 Advertisements Column 4
      595 22 I COMPANIA PERUANA 4 3 DE VAPORES 9 5 "PERUVIAN STATE LINE" j A' Loading tor Cattao. Mataram. No and al other Peruwan ports Mtt transhipment at S Kobe or Yokohama on CPV Through M of Lading to final dastinabon r 2| Pananf* P Kelang Singapore B K HANOLOEVERETT M
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      293 23 Hamburg West Germany. Tiger Line VOY SIN CALCUTTA MAMAS CHITTAGONG 22 SM In AUG PRELUM 1 It AUG 22-25 AUG 27-2 LOTTE SCHEEL 23 25 AUG 31-3 SEPT f SEPT PRELUDE 2 4 SEPT 11-1 LOTTE SCHEEL 24 13 SEPT 18-22 SEPT 25-2S SEPT Common Carrier Feeder Servic* For Main
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      Page 23 Advertisements Column 2
      194 23 PERCH OCEAN UNES (Perfect China Ocean Shipping Lines) Destinations: SHANTOU, GUANGZHOU HUANGPU, XIAMEN HAIKOU, ZHANJIANG XINGANG, QINGOAO SHANGHAI t OTHER PORTS Etd. S'PORE Etd. PKLG WEEKLY SAILINGS mm m UK.: V'.J rx CONSOLIDATION SERVICE FROM: SI NGAPORE/P.KELANG PORT LOUIS AUSTRALIA nVnjN.n.ln (MEMBER OF THE PRESS GROUP) WEEKLY CONSOL SERVICE LCL/FCL
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      Page 23 Advertisements Column 3
      242 23 PERINTIS LINE WEEKLY FULL CONTAINER SERVICE SINGAPORE/JAKARTA VESSEL VOY SINGAPORE RATU ETA ETD KONSORTIUM 28-29 07/06-09/06 30-31 14/06-16/06 32-33 21/06-23/06 34-35 28/06-30/06 PRABHAKTI 84-65 10/06-12/06 86-87 17/08-19/06 88-89 24/08-26/06 90-91 31/06-02/09 92-93 07/09-09'09 94-95 14/09 15*09 SINGAPORE/SURABAYA VESSEL VOY SINGAPORE PRASETIA 24-25 10/08-10/08 26-27 22/06-22/06 28-29 29/06-29/06 General Agents MU
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      Page 23 Advertisements Column 4
      502 23 /E3 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE EAR LAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO MEDITERRANEAN OUTBOUND TO W AFRICA rTiiT -*CO5 DOUALA IY»« «.»'n INBOUND FROM EUROPE FOR FAR EAST PORTS Ml Mm. Pom t Rotation Aro So*oct To dm* Without Notico S3) OCEANUS SHIPPING
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      Page 23 Advertisements Column 5
      381 23 iiini MARITIME TRANSPORT MANAGEMENT Pit LTD 1 BANGKOK MANILA HBQROTT ETA SPORE ETA STORE ETA SPORE vi is* 2/1 M 1* U/l MECAH BROOKE NO 1 SABANA SATU tiA/D LOG For HO* Am Kuching. Mr. 1405 Au| Sandakan ELEFTHERIA II MERCHANT PRELUM I Bremen, Rdam, Antwerp Cargo Bookings Tel: *****0
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      408 24 y FARGO SHIPPING COMPANY!PTE)LTD. -•M REGULAR EXPRFSS FULL CONTAINER AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINER LINE From US A/Canada/Europ«/Mediterranean Vtl BRUSSEL ANTWERPEN C. VEROLME TUT EXPRESS EM EM E2B 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL
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      Page 24 Advertisements Column 2
      526 24 S M N (SOCIEEE MAURICIENNE DE NAVIGATION) INDIA OCEAN, SOUTH/EAST AFRICA I SEALION SHIPPING (S| PTE LTD Tfl .VfbMl .720// V TFI F X Ps:i >1 SF i 10% fax ::vr4i A fair a Oct a* Lifxts Lid. I [L r 4 A'iW MI V o COLUMBUS LINE REEDEREI GMBH
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      Page 24 Advertisements Column 3
      175 24 P. T. WASESA LINE WEEKLY SERVICE TO JAKARTA LOADING FOR: NIAQA XXXIX V.EB 02/97 MAPtWA V.EB 03/«7 As Omm HWA SHIPPING (PTE) LTD., BLK. «S CRAWFORD LANE, OOM4 CRAWFORD CENTRE SINGAPORE 0719 TEL:2MMX, 2*3167 TELEX RS M7I JOOHWA SHAW LINE LTD GENERAL AGENTS EWG SHIPPING (S) PTE LTD REGULAR LCUFCL
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      Page 24 Advertisements Column 4
      498 24 ft Oi« v gf^lr Mitsui OSLK! Lines Ltd FULL CONTAINER EXPORT TQ: UK/CONTINENT (TRIO) TNAUSSINI AXIA 7« KURAHA MARU ILI •ENAVON 17* TOLAS* BAT 21* TOM) EXPRESS 2M an or eohwurgh ma nuNKAWT antes iv» OSAKA MY Ufl Aioo Aao*n| Corfo For s t~t t iwon r«M kvi hm r«M
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  • Page 24 Miscellaneous
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      Page 24 Miscellaneous Column 1
      155 24 L?H K. Regional Weather 1 V 1 L K L. i. c > > >v LL SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. •c A o w Wind drection with speed in knots Wove height LEGEND R Thunderstorm Temperature *q V Shower Weather Wind drection with speed
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