The Business Times, 20 August 1987

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 THURSDAY. AUGUST 20, 19Q7 75 CENTS
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  • 194 1 Overaeea markets W>d—»du, HK Hong Seng Index 3450.64 (-54.23 Tokyo Nfckel Average *****.59 (-112-75) Sydney Ail-Odlnarie» 2103.1 (-5.4 Tuesday New York (Dow Jones) 2654.66 (-46.91) London (FT 30 Index) 1732.2 (-31.8) Exchange rates THE S$ strengthened against the USS to close at S$2.1025/35 (S$2.1040/50) in moderate trading
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  • 360 1 SHARE PRICES fell sharply across the board in light trading yesterday, dashing hopes of a continuation of Tuesday's minirally. Led by hefty losses in blue chips, the Straits Times Industrial Index registered one of its biggest single-day falls this year, closing at 1,432.95
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  • 528 1  -  Capital gains from Australian divestments add up to $46m By AMY BALAN UNITED INDUSTRIAL Corporation has made another killing in the Australian stock market. This time, it stands to make a handsome pre-tax gain of 5522.8 million from the sale of
    528 words
  • 292 1 TWO DALLAS-BASED commercial banks have merged their offshore banking operations in Singapore, shrinking the number of US commercial banks here even further. The merger of the offshore branches of Inter First Bank Dallas and Republicßank Dallas to form First Republicßank Dallas is the result of
    292 words
  • 107 1 AP THE ASSOCIATION of South-east Asian Nations summit in Manila in December will take bold action to raise economic cooperation. Malaysian Foreign Minister Abu Hassan Omar said yesterday: "The lack of success in in-tra-Asean trade and economic cooperation is a
    AP  -  107 words
  • 190 1 AFP Reuter VIETNAM yesterday rejected en Asean proposal for informal talks to end the conflict in Cambodia. The Vietnam News Agency quoted the Communist Party newspaper Nhmn Dan as charging that Asean's foreign ministers had modified the terms of an accord for informal
    AFP; Reuter  -  190 words
  • 484 1 Reuter NEW ZEALAND Prime Minister David Lange yesterday announced a Cabinet in which he would hold the education portfolio and give foreign affairs to a colleague still awaiting confirmation that he won a seat in last Saturday's election. The line-up reflects the Labour
    Reuter  -  484 words
  • 442 1  -  By ALVIN TAY Banking Correspondent DBS BANK is launching a new unit trust which will invest solely in the US stock markets, which saw the Dow Jones Industrial Average this week surging to a record 2,700 points after a fiveyear
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  • Page 1 Advertisements
    • 126 1 >%\:/!,+]:]>>@!~\*_\_={)[$=[[-- Full report, Pago 14 Regional marktte, Pago 16 World marfcots, Pago 17 f* -mßrft THE BUSINESS TRWELLBtS' RESORT HOTEL. NOW OPEN FOR No other hotel in Singapore can welcome their guests with more real opulence and resort-like surroundings. Or guarantee that every room has the solid business comforts and
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    • 363 1 Sh Focus Page 9 Corporate childcare EMPLOYING more women workers and keeping them working after they marry and have children is one of the major concerns of the government and employers in Singapore today. Will providing childcare centres on company premises encourage women to stay on the production line? Or
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    • 444 1 Kodenstoch Quality before your pyes Business Times and you IN RECENT MONTHS average daily circulation of Busineas Times has been rising steadily and is now comfortably above 17,000 copies. With 18 pages daily of crisp coverage of business and financial news and comment more people are finding Business Times an
      444 words

  • HOME NEWS
    • 493 2  -  By WILLIAM CHIA THE TURNAROUND from sleek to vigorous demand, machinery has happened so fast that e4liitflnvntJitfttaJ«'»' and manufacturers are f»nding hard plus inve£tol#, Both new and used, lying idle in equipment suppliers' storage yards. Now that demand has started to pick
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    • 132 2 A TOTAL OF 1,802 persons opted out of kidney donation in the first month since the Human Organ Transplant Act came into effect on July 16. This is good news to the Health Ministry, which is encouraged by the public support. A ministry statement
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    • 397 2  -  By MARTIN SOONG FISHING'S good these days down by the Singapore River. Not too long ago, the Republic's former life line would have been one of the unlikeliest places to throw in a baited hook. But now, cleaned up and stocked for anglers as
      397 words
    • 311 2 LEADING business journalists worldwide reckon the Asia-Pacif-ic to be the fastest growing economic region in the world. But this does not also mean the region offers multinational corporations the most stable businees and economic climate in which to operate. It is the
      311 words
    • 380 2 IDEAS ARE INVITED for s new futuristic city housing 20,000 people in Marina South. The Singapore Institute of Architects yesterday launched a deeign competition for a "Year 2000 City" based on a 23-hectare site at Marina South. The inatitute felt it was
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    • 470 2  -  By SOH TIANG KENG Financial Correspondent MR EUGENE YAP. Senior Parliamentary Secretary to the Ministry of Trada and Industry, yesterday called upon the six Asean nationa to pool their experience and resources "to break the domination of reinsurance businsss by European and American countries".
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    • 455 2 COST. INDUSTRY GROWTH, competition and complexity of buiimM htvf boon idontifiod as tho four major challenges facing tha inauranco industry here and abroad. Tho analysis came from a computer export, Mr Lionel Lim, who spoke yesterday at a seminar on "Computerisation and productivity in inauranco".
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    • 379 2 FOLLOWING the recent merger between Sime Brokers (Singapore) Re Ltd and UK-based Hogg Robinson (Far East) Re Ltd, the combined operations have made the following appointments: RONNIE 8 Y YANG as associate director of Sime Brokers (S); TEO BOON SENG as associate director of Hogg Robinson (Far
      379 words
    • 834 3 MEMO PAD Seminars and courses DURATION TITLE VENUE ORGANISER TELEPHONE Sep 3-4 Report Writing SIM Conference Singapore *****66 Room Institute of Monogement Sep 3-4 Measuring ProductivityInstitute of Institute of *****66 Function Points Systems Science Systems Science Sep 5 Practical and Povilion InterDominion *****25 Profitable Approach Continental Associates to Countertrade Management
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    • 581 3  -  Japanese drinks maker building own factory By TONG SUIT CHEE JAPANESE soft drinks manufacturer Pokka Corporation is investing $10 million to expand its operations in Singapore mainly so that it can export more to Japan. And after 10 years in Singapore, the company is finally
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  • Page 2 Advertisements
    • 322 2 State Banquet of Sichuan Cuisine into its second week UN 28th August 1987 Jointly presented with Sichuan Restaurant (Beijing) and Fragrant Hill Hotel (Beijing) The Great Taste of Sichuan it has always been said "Great Food can be found in China, Great Taste in Sichuan." What actually is the flavour
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    • 10 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day
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  • Page 3 Advertisements
    • 599 3 THE BUCK The ACER 1100. A 386 System mini-computer megapower without the megabucks Driven by the power of a 16MHz ***** microprocessor, the ACER 1100 is by far, the fastest ***** system around -at 10% faster than the fastest machine, to date. At the price of a standard AT A
      599 words

  • ASIA – PACIFIC
    • 864 4 ARRIVALS Operator S«rvtc* Local From number Mm* vmd SQl1 0045 LAX/NTT GU GA1210 0305 Si* GU GA7211 0235 HIP GU GA7) 11 0335 IC IC555 0655 MAA MAS MH681 0820 KU MAS MH811 0910 PEN .m*, M oMH67t 0ft* KU os/iuvk. AC AC858 0925 e ra/LH«/8QM> SU
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    • 469 4 r»V THE HYUNDAI conglomerate has agreed to a govern-ment-mediated settlement of a mass labour dispute and workers yesterday revin the power of their "new collective might thit forced the industrial giant to aecep< tfttfftecedented negotiations. But hundreds of other labour disputes, some violent,
      469 words
    • 326 4 AP CHINA and the Soviet Union have concluded 10 day» of talks on denning their long-contested 7,500km common border, Soviet officials said in Beijing yesterday. They said the second round of border talks had gone well and both sides wanted the discussions to continue. Declining to give
      AP  -  326 words
    • 594 4 Economy on right track, says planner Reuter JAPAN'S top economic planner forecast yesterday that growth this year is likely to exceed the government's target and declared the country has turned the corner in its battle to revamp its export-driven economy. "We're on the right
      Reuter  -  594 words
    • 362 4 AP JAPANESE and US negotiators failed to reach agreement yesterday on ways to improve opportunities for US firms to participate in construction of the new Kanaai International Airport, a foreign ministry official aaid. US negotiators said they needed more specific details on
      AP  -  362 words
    • 163 4 AP CHINA'S government haa isaued new regulations to clamp down on fraud, overpricing, tax evasion and other problems which hava accompanied the mushrooming of 12 million private businesses across the country, an official newspaper reported. The China Daily said yesterday that the State
      AP  -  163 words
    • 334 4 AP FELIX ERMACORA, the United Nations special reporter on Afghanistan, said on Tuaaday a Soviet pullout alone would not lead to a settlement of the Afghan problem. Referring to differencea that existed before the 1979 invasion, Mr Ermacora told a news conference
      AP  -  334 words
    • 215 4 Reuter KUWAIT is entering a critical phase in which it must spur growth in non-oil sectors to secure more balanced economic expansion, its central bank said. In its 1966 economic report, the central bank welcomed last year's 6.4 per cent growth in non-oil
      Reuter  -  215 words
    • 344 4 AFP A HOUSE of Representatives committee has filed a radical land reform bill which will effectively confiscate all estates above 50 hectares and dismantle for-eign-owned farms in the Philippines. The bill sets the land retention limit at seven hectares and provides for a "selective
      AFP  -  344 words
  • Page 4 Advertisements
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    • 50 4 SI Tm-rr at L«nd f M«l MR XVtl tator Dm* (Fm» hw r 12X1.1211 fc 122) «f »f»1 1 It 1 FW*» 4IICXDC No 115 *4 rv«*efwr LOTMV HD MB A «79C7 Another QualM) Projeci by: I Ming Teik Development Pte Ltd 112, Surrey Road, Singapore 1130. 'Tel: *****2* ******9
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  • Page 4 Miscellaneous
    • 129 4 City Max/ Not* RMn (°C) Singapore OUTLOOK: Fair, *acapt for ihoww or*r a law araaa In tha mW and lata afternoon. Report for 24 houn prior to 7.30pm on Aug 19 at »h* alrporh Max lamp.... 32.3 Aaaoc humidity M Mln tamp.. Mi Aaaoc humidity t2 Hra ol aunaMna 7.44
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  • REST OF THE WORLD
    • 467 5 Reuter THE DOLLAR has once again tumbled, proving itself vulnerable to market sentiment about the huge American trade deficit, and US officials suggest its current levels are more realistic than those of recent weeks. One official who asked not to be named said it
      Reuter  -  467 words
    • 266 5 AP THE UNITED STATES is footing too much of the bill for defending its allies, Vice-President George Bush and US Representative Richard Gephardt told the veterans of foreign wars on Tuesday. Both called for a larger European contribution to the North Atlantic
      AP  -  266 words
    • 130 5 AFP GENETIC ENGINEERING splicing together genetic material to modify organisms has become 'powerful and sate' and is no more dangerous than selective breeding techniques used for thousands of years, the US National Academy of Sciences said on Tuesday. "There is no evidence that a gene will
      AFP  -  130 words
    • 254 5 Reuter ABOUT 1,600 construction workers lost their jobs when communist Yugoslavia declared the first casualty of a tough new bankruptcy law aimed at rooting out loss-making firms from the country's beleaguered economy. The victim, a company called Titograd which is one of the
      Reuter  -  254 words
    • 369 5 AFP REPRESENTATIVES cf the world's space-faring nations are now meeting in Hawaii to plan possible cooperative ventures to colonise the moon and Mars, commercialise space and study planets and stars. The 150 scientists,industrialists and officials attending the conference will write proposals for
      AFP  -  369 words
    • 202 5 AP THE MEXICAN ECONOMY, which contracted sharply last year, is likely to rebound strongly by the last quarter of the year, a private research group has said. The Centre for Private Sector Economic Studies, the research arm of a prominent business organisation. projected
      AP  -  202 words
    • 469 5 FT FEARS are growing that Brazil's inflation rate is again rising while insufficient measures are being taken to reduce the public secfoi 4qfiQ<t enough to meet targets presented by the government last month. According to a senior finance ministry official inflation this month may
      FT  -  469 words
  • Page 5 Advertisements
    • 7 5 Wolnborgor wrong about arms spondlng, Pago 11
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    • 71 5 sighting his target r- I JL m mZt': V seizing his chance r»' i using his judgment perfecting his skill t .*> 33 ■> r t f tfta proving his mastery e carries the CHASE PREMIERVM VISA CHASE MANHATTAN PfUHMEIt CAND j. ►J X CONGEST REPAYMENT PERIOD OF ANY CREDIT
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  • Page 5 Miscellaneous
    • 45 5 oonesbury a. a, i hops vou ccnt MINP.BUTtVEASKEP A COUPLE OF POOR UF£ INCARNATIONS *0 JOIN US FOR THBCDNVERr VEAH, LI KB MHO* NOT THE LEPER... /A *«5 M I 'j M IK* SO WHERE'S Arm MOM. THE LOVE SHEUSEP SLAVE STAVING* TO BE HER.
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  • BANKING AND FINANCE
    • 329 6  -  Simbl and POSB are lead managers By ALVIN TAY Banking Correspondent four years after calling $30 million guaranteed bona issue, SAL tjnihe local coital markets "raising tfte same anioirfrf through a note issuance facility (NIP) I rP323U The five-year'toin package, lead-mawaged by
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    • 215 6 Reuter THE WORLD BANK has placed loans to and guaranteed by Zambia and Sierra Leone on a nonaccrual basis, effectively confirming a cutoff of credit to the two African nations. The bank issued a statement in Washington saying it took
      Reuter  -  215 words
    • 194 6 AP THE DEBT that developing countries owe US commercial banks dropped in the first three months of this year, according to figures from the Federal Reserve Board. Total debt in Asia was down by US$676 million in
      AP  -  194 words
    • 390 6 Reuter HONGKONG investors' huge appetite for foreign currencies has touched off a race among financial institutions to net a bigger share of the growing retail deposit market in foreign money. Schroders Asia Ltd launched an Australian dollar money market fund last week and the
      Reuter  -  390 words
    • 168 6 NYT THE CHASE MANHATTAN Corp has hired Charles J Schwab Co to help promote sales of certificates of deposit whose interest rate is pegged to changes in the Standard Poors 500-stock index. For Chase, which began offering what it calls the market
      NYT  -  168 words
    • 485 6 FT THE BRITISH government repaid borrowings in July for the third month in succession. largely because it received nearly £600 million (US$94B million) from the privatisation of the British Airports Authority but also because of the buoyancy of tax revenues. Treasury
      FT  -  485 words
    • 456 6 AFP THE GREENS Party is an established part of the West German political scene, but now the country's ecologists are turning to high-finance and have created the world's first en-vironment-friendly bank. The ecology bank, to be known as the Oekbank, will finance environmental
      AFP  -  456 words
    • 125 6 Bernama ES HONG LEONG Finance Bhd launched its own automated teller machine (ATM) network on Tuesday to become the first finance company in Peninsula Malaysia to have its own ATM network. Its general manager, Lee Kam Chuen, said the new ATM
      Bernama ES  -  125 words
    • 56 6 Reuter THE LARGE 10.3 per cent rise in Japan's money supply in July will not cause the Bank of Japan to tighten its monetary policy. The bank will continue to maintain easy credit conditions to help stimulate domestic demand. Although July's money supply growth was high,
      Reuter  -  56 words
  • Page 6 Advertisements
    • 175 6 GET IT STRAIGHT FROM SINGAPORE. WEEKLY OVERSEAS EDITION es ~D M.C No. The Straits Times Overseas Weekly. It's the new weekly newspaper, printed on lightweight paper in convenient tabloid size. It will carry business, economic, political and general news on Singapore as well as investment news and sports round~ups. The
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  • MONEY AND EXCHANGES
    • 844 7 SINGAPORE: The US dollar recovered against most major currencies yesterday to close mixed compared with New York's levels, after active and nervous trading. Dealers said the dollar fell sharply at mid-morning especially against the yen. Selling pressure was fuelled by a Japanese press report quoting Finance Minister Kiichi
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    • 663 7 CURRENCY FUTURES OPTIONS IMA A Tuesday, Ai ugust 18, 1987 BRITISH POUND £28,000; can* i par Mm Sap-c OcK I tac-e 1 PNI hH Oe*p DM* 1550 6.15 5 JO 6.25 0.05 0-55 1.40 1575 X75 3.65 445 0.20 1.10 0.20 1600 1.80 2.20 3.30 040 2.15 3.30 1625
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    • 142 7 Gold futures on Aug 18 100 troy ounce* USS par troy ounce Opa« High Loar Satta Aug 87 455.70 459.00 455.70 458.60 4J0 459JO 459JO 459JO 459.40 4.50 Oct 459.40 464.00 459.00 462.20 4.50 Ok 465.00 469JO 464J0 ***** 4.60 Fab 88 471.10 475.00 470JO 473.40 470
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    • 267 7 Asian market ASIAN DOLLAR deposit rates closed littte changed at opening levels yesterday after thin trading. Most operators were sidelined in the afternoon due to lack of fresh factors. Period rates were steady to slightly higher initially on lower US bond prices. Thereafter, rates were unchanged and one month closed
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    • 584 7 DECEMBER Eurodollar opened sharply lower at 92.40 yesterday from overnight losses on bearish sentiment following renewed weakness in the US dollar. However, short-cover-ing initially led the December contract to a high of 92.43 before easing off to 92.38 on Miyazawa's comment that the US dollar/yen exchange rate was better
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    • 391 7 UPI IN PREPARATION for full liber a Ration of Japan's financial markets, major Japanese banks have moved to consolidate their capital foundation through new bond and stock issues. The latest to joto the stream was DaMchi Kangyo Bank, Japan's largest and the eighth largest
      UPI  -  391 words
    • 223 7 Reuter TO COPE WITH its rapidly growing pension fund assets, the California State Teachers Retirement System (STRS) will restructure its US$7 billion fixed income portfolio to replicate Salomon Brothers' large pension fund baseline bond index. Thomas Flanigan, the chief of investments for STRS,
      Reuter  -  223 words
    • 82 7 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OFFER UGH LOW 3 —<» SQ*****S 19.11.87 3.18 3.08 3.20 3.20 6 months BS*****Z 21.01.88 3.27 3.17 3.22 3.16 1 y«or BY*****S 30.06.88 3.40 3.30 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's oode
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    • 182 7 tfw prime lendtag*r«2e of 12 ma|or banks In S'pore Interbank market n ■tea (offer/bid) on Aug 19 us$ DM SWFC Y«i 7 4mrft 19/14 1.1/14 7/0 if* J 7/» J/4 1 3/0 3/4 3 1/4 l/» 1 a* 4 11/14 11/14 1 J/14 13/14 J 7/1 J/4
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    • 53 7 THE OVERNIGHT rate on the Singapore interbank market closed at one per cent yesterday. The onemonth term rate rose by X point. S$ Interbank rates at 7pm yesterday: OffOt MD Ow- 1 1/3 luMK 4 3/4 4 S/S 2-MOMh 4 t/1« 4 7/1* 3 4 9/16 4 7/14
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  • Page 7 Advertisements
    • 222 7 I SOMEWHERE ALONG THE WAY, YOU MAY BEGIN TO RECOGNISE A FEELING YOU'D ALMOST FORGOTTEN. IT S CALLED TAKING A BREAK. TO FIND IT, COME TO THE HILTON INTERNATIONAL SINGAPORE IS TALK TO YOUR TRAVEL AGENT ABOUT OUR SUITE LIFE. FOR AS LITTLE AS $240* NIGHT, W YOU CAN EXPERIENCE
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  • COMMODITIES
    • 147 8 AFP CHINESE HEALTH AUTHORITIES have launched an investigation of imported vegetable oil after at least 50,000 tonnes of the product was found to be poisonous. according to the official Englishlanguage China Daily. "Some local companies told the customs officials that they imported the
      AFP  -  147 words
    • 452 8 Crude palm oil prices closed slightly firmer yesterday. Trading was thin as some operators refrained from taking up new positions while awaiting palm oil enquiries from India. August deliveries in the north region rose M 57.50 to M 5727.50 a tonne and south up Mss to Ms73o. Crude
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    • 88 8 EAST ASIAN oil products prices fell further yesterday in heavy trade as sellers once again conceded to lower t levels. Mff, Crude pric«fc»stabilised following a brief buying spree in Houston the previous evening. US4/borr«i Oungt Dubol (Oct) 17.13 -0 04 WM> T*«oi WTI (Oct) 19.85 0JJ Products
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    • 280 8 Chinese Produce Exchange Sollors' noon doling pric«i on August 19 (SS/100 kg) Coconut oil w FOB 95.00 OW drum FOB 103.00 Now drum FOB 109.00 Copra Mlxod (Ioom) 56 i^Uti Pepper Muntok whlto FOB NLW 1192.50 Sarawak wWfo FOB faq NLW 1177.50 Cocoa (FOB M$/tonno) Bagan Oatok 3.925
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    • 338 8 SINGAPORE The market closed firm yesterday with September Ones RSS buyers quoted at 216.50 cents a kg. up 2.75 cents from Tuesday. The morning session firmed 1.75 cents on shortcovering interest of nearbys and some buying of forwards. Prices rose further in quiet afternoon trading on continued short-covering interest
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    • 303 8 RAS prices m s cont*/* B FOB m bM NOON CLOSE kwyort Setlen Bvyors C-M Int 1 RSS Prompt 216.50 217.50N 218.00 219.00N •nt 1 RSS Sop 87 215.00 215 JO 216 JO 217.00 hit 1 RSS Oct 215.50 216.00 217.00 217J0 Int 2 RSS OP 213
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    • 81 8 (cams/kg, 1 -tan poH—i) SEPTEMBER 87 OCTOK* 87 (currant month) (forword month) RAS NOON NOON Iwyan Han Ivyart S*H«ri SS> 20 192 JO 194JON 192JO 194JON SSI 90 191.00 192.00N 1.91.00 I92A0N MRELB Ivyari S«M*ri •vyi SMX cv 264.00 266.00N 265.00 267.00N SMI I 264.00 266.00N 265.00
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    • 282 8 SOYBEAN FUTURES on the Chicago Board of Trade closed on or near the day's lows in new crop months but with spot August firm. Prices finished US cent to 1% cents lower per bushel on Tuesday in. new crop while August was up 4% cents at U555.30%. November, which
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    • 332 8 London Commodity Exchange Buyor/Sollor do*J> tg prices on Aug 18 (£/tomo union specified). Previous dosing prices in porenthesis. (Fridoy's prices war* not available) Coffee Bosh in-store London, sellers option OF London Sep 1249/1250 High/Low (1273/1275) 1279/1247 Nov 1273/1275 High/Low (1295/1296) 1300/1272 SoieS (2814) Cocoa S*P 1258/1260 (1258/1260) High/Low
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    • 93 8 THE PRICE of tin on the KLTM roee mvm cut» to doee at M 516.67 a kg yslsrday on Increaaed overeeae demand. Storting's strength agalnat Mm rkiggH trtggorod active bidding Inloroot of 225 tonnoa at Iho oponlng price of M 516.60, agalnat oflora of 106. A further prlco
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    • 300 8 HONGKONG: The metal closed slightly lower yesterday in fairly active trading on local prof-it-taking following the advance in New York. But the weakness of the US dollar and major stock markets attracted some gold buying. Bullion ended at U*****.80/458.30 an ounce against New York's U*****.50/459.00 close and the
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    • 296 8 WHEAT FUTURES on the Chicago Board of Trade cloeed mixed on Tuesday with prices US cents lower to 1% US higher a bushel. December cloeed above the resistance level of US$2.B5 for the second day at an unchanged U552.87%. Commercial buying and wheat/corn spreading fuelled gains in distant months.
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  • Page 8 Advertisements
    • 184 8 i: V. i i.V mm a -4: > u > iDEFENCE SERVICES ASIA EXHIBITION&CONFERENCE I as to h eeds 23-26 March 1988 Putra World Trade Centre Kuala Lumpur Malaysia Nations from across the region will have one major opportunity in 1988 to match their defence and security needs with the
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    • 94 8 r TAN CHONG TOWER SERVICE APARTMENTS 15 QUEEN STREET 'An ideal location for your short stay in Singapore' Weekly basis Within CBD Telephone. TV', ar-con. cooker, fridge, kiichenware. household linen and housekeeping available "telex, secretarial and laundry services available Covered car park 24-hour security Types available: Studio 5350 Weekly 1-bedroom
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  • FOCUS
  • Page 9 Advertisements
    • 147 9 IN PENANG-A FIRST CLASS HOTEL AT AN AFFORDABLE PRICE. The Shangri-La Inn Penang brings to the heart of Georgetown a standard of service Ivjgfejr never before seen in Penang. Its 426 guestrooms and 16 suites feature the finest in amenities. And being centrally located in the heart of Georgetown is
      147 words
    • 224 9 Hello lonv can you page Norman for me? Hes at our worksite in Jurong." sorry I don r ha\e his pager number I hat sDK. hi.s number's programmed into the one tout h dial memo so all you do is press one button to page him Hello Woks Widgets." Mi
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  • PERSPECTIVE
    • 551 10 THERE IS NOTHING like confronting the truth face on. The facts about the Singapore economy and its trade philosophy, an eight-member US Republican congressional task force on international trade found, were truly to their liking, The congressmen's yW f Smgapor® opened their eyes to the
      551 words
    • 2109 10  -  By CHUANG PECK MING TAKING YOUR BABIES to work may be the way to build and keep tomorrow's labour force. Childcare centres within company grounds is being seen as one of the ways of keeping women at work when they have small children to
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    • 563 11 NYT A STUDY by a political scientist and an economist contends that Defence Secretary Caspar Weinberger and his critics are both wrong about the effect military spending has on the US economy. Mr Weinberger has repeatedly argued that the military
      NYT  -  563 words
    • 1588 11  -  Israel has experienced a remarkable economic recovery. Its annual inflation rate has been reduced to 20 per cent from about 450 per cent without the usual side effect of unemployment. THOMAS FRIEDMAN draws some lessons from the Israeli experience for countries caught in
      NYT  -  1,588 words
  • Page 10 Advertisements
    • 625 10 S GENERAL! generali J Assicurazioni Generali S.p.A. W GENERALI 1986 Highlights 1986 Consolidated Statement 1 ',V| I M* Itj (000 LS Dollars) Premiums written Premiums ceded Net premiums Net investment income Technical interest allocated to Life funds Insurance underwriting result Sundry income and expenditure Operating profit Profit on sale of
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  • Page 11 Miscellaneous
    • 1158 11 TOOKBaa&M) Id 12 PM SBC Text Sample Pages. Opening and Programme HgMghts followed by Give UIAOM. The Search For The Marcos AAiMora (See highlights). The New Statesman The Winds of Qnngt.... Paradise Postponed. World Music Album. Coming Attractions. 1987 NBA Playoffs Wast Rnai Gam* 2. •AM Mows. *Qoso. In 5
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    • 671 11 CRYPTIC PUZZLE ACROSS 1 My first girl (6) 7 Fish in the sky! (8) 0 State many islands are in (4) 10 Ripens, possibly, as a marksman (6) *11 Spirit of outright malice (6) 14 In truth, it's a humdrum routine (3) 16 Becomes ill, etc. with a broken spine
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  • SPORTS & LEISURE
    • 343 12 Reuter JOHN McENROE became the first major casualty in the U*****,000 ATP Championships on Tuesday when he was beaten by unseeded American Paul Annacone 7-6 6-4 in an openinground match during which he injured his back. A break of serve each way kept games even,
      Reuter  -  343 words
    • 174 12 AP AUSTRALIAN Anne Minter whipped fourth-seeded Helena Sukova of Czechoslovakia 6-3, 6-1, eliminating the defending champion from the U*****,000 Player's Challenge tennis tournament. Minter, ranked 50th internationally, reeled off seven straight games on Tuesday to wrap up the first set and give her an insurmountable lead
      AP  -  174 words
    • 255 13 Reuter DISAPPOINTED European champion Michael Gross yesterday sought to mend his wounded pride after his surprise defeat at the hands of an unknown Swede on Tuesday. The West German races in the 100 metres butterfly, one of his five remaining European titles after
      Reuter  -  255 words
    • 437 13 AP PAYNE STEWART and Isao Aoki combined for an 11-under-par 61 to capture the US$lOO,OOO first prize in the Fred Meyer Challenge Golf Tournament with a two-day total of 127 on Tuesday. Stewart and Aoki finished the 36-hole best-ball tournament 17 under par, two
      AP  -  437 words
    • 311 13 Reuter US OLYMPIC athletics star Carl Lewis has decided not to go for four gold medals in the World Championships in Rome and will skip the 200 metres. The decision means Lewis will compete in the same three events he won at the 1983
      Reuter  -  311 words
    • 365 13 Reuter UNDISPUTED world heavyweight champion Mike Tyson has laid down a gauntlet before the man the boxing world wants to see him fight, declaring that he will face Michael Spinks if Spinks fights Tony Tucker and wins. At a conference in New York on
      Reuter  -  365 words
    • 521 13  -  Jranklit speakinq... -by WALTOM MORAIS CRICKET PLAYERS pride themselves on the traditions of the sport. The gentleman's game, after all, is all about high ethics and sportsmanship. So much so that the word cricket has eveirtaken on the added dictionary meaning of fair and honourable behavtovr
      521 words
    • 138 13 Reuter CHINESE Zhu Jianhua, who broke the world high jump record three times but has been plagued by injuries and a loss of confidence, has said that he is determined to become world number one again. Zhu has reunited with his former coach
      Reuter  -  138 words
  • Page 12 Advertisements
    • 273 12 4 id 'Witic, viittc You can be one of our lucky winners too! Each time you have a lunch or dinner at the Meisan Szechuan Restaurant, you stand the chance to win a Free Meal, valued at exactly the same amount as the previous one. For reservations, please call 737-7966
      273 words
    • 178 12 Seconds are FREE and all bottle sales enjoy a 30% discount lead singer, entertain* with his rich, mellow songs during HAPPY HOUR from S pm -7 pm. Alter Happy Hour, two of the city's hottest bands. NEU FACES and CLASSIC, rave non stop throughout the night. And. the beer is
      178 words
    • 244 12 MAGICALLY HYATT I+l 1 1 1 1? When guests order any beverage, standard or premium, at selected outlets, they will get a second drink, all for the price of one! It's a magic formula applicable daily Tbe Lounge 7 9pm •Chinoieerie 8 10pm (♦members and hotel guests only) Lynn and
      244 words
    • 200 12 Porridge Buffet Piping hot porridge accompanied by a tempting variety of appetizing favourites...to take you into the wee hours of the morning. Sun to Thur. 11 pm 3am Fri, Sat eve of public hotiday: 11pm-4am Cafe Plaza under 12 Plaza Hotel Bcac* Road S4ng«p o r* 0719 T«t *****11 Tkc
      200 words
    • 148 12 Complimentary Camus XO with Pine Court's sumptuous Beijing cuisine. For hmch and dinner, till Augu* *****7 'e ft far nmamm, to >0% tmntr dmrfe mmt J% govt Ux. The rwJUjruH'iif tatrtm the nffa to change lie programme. lh" r r, m t New Dancing Cocktail Lounge Baby& The Los H
      148 words

  • Page 13 Advertisements
    • 368 13 n *0 T:%,f A dozen ways with lobster. It's August... the lobster season. For Chef Yamaguchi, it's the perfect reason to go overboard with innovative lobster creations. There's Lobster Teppanyaki and Sushi, Sashimi and a host of scrumptious culinary triumphs. Lobster Celebration at the Unkai. What a revelation! Lunch: 12
      368 words
    • 51 13 CHINESE FOOD, CHINESE TEA, WINE. 2li T> w" +»ti y I 1 iUIW 2 msiHioj?w HMr h' 1 mAMKDK.'MDKY Hl-HmE ■H Asm Jry »inc which derive* its rd M-i-cr grspes grown in the Tianjin I MpbfXMBH re .wu.'f'i "?•'«< jMT ViHM* J 1 IF IT COMES WITH CHOPSTICKS. IT GOES
      51 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4299 14 MARKET PLAYERS who were looking forward repeat of Tueaday's share price'toe reaaea had the**! 1 hopes dashed y J b no i jOtueidafs rebound turned out to be a "soda pop" rally as share prices dropped sharply acroaa the board
      4,299 words
    • 256 14 SINGAPORE Rites Indi kOM Aag It Aag 19 CaM Siara lOp 310 2* IT Campaaka 1302. It 1277>44 OUT 330 12 •TO«/OS •IM -212 Matra HUgt 1310 10 •TCAO •5590 -5703 Sh«9 In. 6 Fbi 245 3 IT 10-day MA -5456 -5471 ONM M 393 2 WOW
      256 words
    • 4032 14 SECTION ONE MOUSmiAL COMMMCtti Am (2.46 II IS 2-53 3 252 1161 240 191 241 9 2.48 (S 249 Q9I 248 IS 2.4« 112 2.47 AJcom 071 Si Aml Stool 50« (2 90 B 291 S) (1311 290 OS 291 (24 291 (ISS 290 A«tao
      4,032 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 638 15 moq mm™ By HOCK LOCK SIEW THE BRUNEI BANK scandal has dented somewhat the tortunes of hotel tycoon Khoo Teck Puat, at least according to an Australian magazine. In what has become the most exclusive and often-quot-ed survey of Australia's richest 200 people,
      By HOCK LOCK SIEW  -  638 words
    • 251 15 MBT HONG LEONG Credit is still awaiting approval from the authorities for its proposed acquisition of a stake in Malaysian stockbroking firm Zalik Securities. Managing director James Lim said the Capital Issues Committee, to which Hong Leong Credit submitted its
      MBT  -  251 words
    • 829 15  -  The Cold Storage takeover By NAJEEB JARHOM WATTIE INDUSTRIES Ltd. fresh from its successful takeover of Cold Storage Holdings, has arranged funding facilities in Singapore that would result in average borrowing costs of below 5.5 per cent. In a statement announcing its success in
      829 words
    • 488 15  -  By LISA LEE UNITED OVERSEAS LAND (UOL) has been dragged deeper into the red due to its share of losses in the Marina Mandarin Hotel. For the six months ended June 30, 1987, its share of losses in the newlyopened hotel in Marina
      488 words
    • 285 15 Managers' prices for Aug 20 Singapore Unit Trust The Commerce 126 133 The Savings Fund 10? 116 S'pore Prog fund 052 056 Spore Sec Fund 085 091* Spore In veil Fund 093 099 S'pore Equity Fund 063 06S Asia Unit Trust Mol Invest Fund 1 64 1 72
      285 words
    • 199 15 MBT ANTAH HOLDINGS, now trimmer and more cost-effi-cient. is in a strong position to capitalise on new business opportunities in an economic upturn. Chairman Tunku Naquiyuddin, in his latest annual statement, said reorganisation steps taken in the last two years will continue. Although signs
      MBT  -  199 words
    • 549 15 MBT FRESH on the heels ot several acquisitions, Berjaya Corjnpy» Bhd is acquiring *--2 per cent stake in Sports Toto Mataysta tct be followed by a voluntary general offer for the remaining shares in the newly-listed gaming company. In a release to
      MBT  -  549 words
    • 262 15 DAH YUNG Investment Ltd is getting an injection of new funds amounting to $2.51 million to stabilise its financial position and operations. This will be done through the issue of 2.51 million new $1 shares at par or 10 per cent of the
      262 words
  • Page 15 Advertisements
    • 81 15 um ietczii Japanese Restaurant 7* w Choose from Kampachi's exquisite Japanese Set hunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16+ per set,
      81 words
    • 615 15 oi i FRASER NEAVE LIMITED WATTIE INDUSTRIES LIMITED JOINT ANNOUNCEMENT BY WATTIE INDUSTRIES LIMITED AND FRASER NEAVE LIMITED IN RELATION TO THEIR ACQUISITION OF A CONTROLLING STAKE IN COLD STORAGE HOLDINGS P.L.C. The Directors of Wattie Industries Limited ("Wattie") and Fraser Neave Limited ("F&N") wish to announce that Queensland Trading
      615 words

  • REGIONAL MARKETS
    • 348 16 Move to diversify group Reuter HANG LUNG Development Co Ltd plans tp transfer all of its fen^s3 C °7 P bli l |'lon in turn buy property and a part interest in a food manufacturing plant from Amoy for a total consideration of HK$256
      Reuter  -  348 words
    • 263 16 Bernama ES SHELL MALAYSIA Trading Sdn Bhd has secured a Ms2s million three-year fixed interest rate promissory notes facility to part finance its on-going investment programme and upgrade its distribution and car retail network. This is the first such financing facility to be concluded
      Bernama ES  -  263 words
    • 146 16 Reuter JAPANESE car makers have agreed to provide data to enable the US to monitor Japanese purchases of US motor car parts, Under Secretary of Commerce Bruce Smart said. He said the agreement concluded nearly one year of bilateral talks in which Washington
      Reuter  -  146 words
    • 4218 16 ANOTHER WAVE of selling hit the Kuala Lumpur stock market the second in three days. Share prices weakened as sellers dominated trading from the mid-morn-ing break. Market observers appeared perplexed by the strange behaviour of investors who chose to discard their shares although the market
      4,218 words
    • 638 16 Hongkong Reuter DBS Securities PESSIMISTIC SENTIMENT prevailed on the Hong Kong market all day yesterday and the Hang Seng Index fell 42 points in the morning session. When trading resumed in the afternoon, share prices continued to fall across the board. The Hang Seng
      Reuter; DBS Securities  -  638 words
    • 52 16 Reuter THE SOUTH China Morning Post Ltd, a subsidiary of the News Corp Ltd. plans a HKSSOO million commercial paper programme, according to banking sources. The five year programme is fully underwritten at 1/2 a percentage point over the Hongkong interbank offered rate. Denominations are HK$l
      Reuter  -  52 words
    • 119 16 AUG It WON Kal ***** 800 Kangwon Ind Kta Mote ***** ***** 200 800 Chan Sugar ***** -200 Daatim Ind ***** -200 Daawoo Corp Oaawoo Haavy ***** 100 Koraa Long Tarm ***** 1000 ***** 130 Lucky Lid ***** 90 D»»hin Sacuritia* 1300 Oriantal Brawary ***** -100 Dong Ah Phar
      119 words
    • 500 16 Reuter SHARE PRICES fell on the Tokyo market yesterday in active trade on selling of export-oriented company shares prompted by the yen's recent appreciation. The plunge in stock prices on Wall Street overnight added to bearish sentiment, brokers said. The market's 225-Nik-kei index fell 112.75 points to 25,231.59 after
      Reuter  -  500 words
    • 463 16 Reuter AUSTRALIAN SHARE prices yesterday closed easier with a weaker industrial sector offsetting demand for leading goldrelated issues. One broker said the overnight fall on Wall Street had dented sentiment and it was only the strength of the gold marker that held the All Ordinaries above 2,100 points."lt was
      Reuter  -  463 words
    • 151 16 THE SECURITIES CHANGE of Thailand xi UJ ma Coamam Jaiapratwn Cmn 1946 nL 407 -16 M dex rose 2 89 to 329 63 on Mam Box .„11S unch a turnover of shares valued million baht. 2,756.317 at 446.26 Reuter Poai Pubiiahing— Safta Union. S«ant Camant Siam City Camant 3M
      151 words
    • 258 16 AUG it WT Kuochan Dev 46 30 -01 Alt Sincere Indus 4 18 013 Laa Chang Yuan Cham 'noua 36 90 -1.1 Cathay Coot W 3v 97 00 •1 Uen Hwa indue Nan Ya Piaa 27 20 -1 52 50 ♦0 5 Pacific Com 36 00 2.5 Chia H»m
      258 words
    • 81 16 AUG It PCSOS Marma r Onanlal B Phil Ovaraaaa 011S0 0 16 unch -0 008 A agio Ptlll o <n -0 003 Apa* Mining B Atlaa Con B 0 1150 unch Picoo B unch Baguio Gold Baatc Patrolavm 0 034 unch San f *y B 682 50 230 ♦2
      81 words
  • Page 16 Advertisements
    • 427 16 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF GRAND FOUNTAIN ENTERPRISES (PRIVATE) LIMITED (Incorporated in the Republic of Singapore) (In Liquidation) (Members' Voluntary Winding-Up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 101-A Upper Cross Street #11-14
      427 words
    • 492 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 GUAN YING HARDWARE PTE. LTD. (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of GUAN YING HARDWARE PTE. LTD. duly convened and held at 233 Telok Kurau Road. Singapore 1542 on the 14 day of August 1967, the
      492 words

  • WORLD MARKETS
    • 1111 17 New York Reuter THE STOCK MARKET tumbled to its seventh worst single session decline on Tueeday as investors worried that renewed weakness in the dollar would discourage foreign investment in US securities. The bond market was equally weak, providing additional pressure on stocks. Just a
      Reuter  -  1,111 words
    • 962 17 London Reuter EQUITIES WERE quite sharply lower yesterday at the official opening in continuation of Tuesday afternoon's trend, as market makers marked down prices in response to the steep fall on Wall Street overnight. The Tokyo stock market s decline fuelled the easier trend in a
      Reuter  -  962 words
    • 1248 17 Selected indices HONGKONG All Industrials Hongkong Index Wednesday 3.029 3 Tuesday 3.0325 Week ago 2.980JL Wednesday 2.***** Tuesdoy 2.296 11 Week ogo 2.331 57 NEW YORK Hong Song Index Wednesdoy 3.***** Tuesdoy 3.504 87 Dow Jones Tuesday 2.***** Wee* ago 3.557 43* Monday 2.*****Week ogo 2.680 48 TOKYO Standard Poors
      1,248 words
    • 62 17 AP JAPAN ASIA Airways, a wholly owned subsidiary of Japan Air Lines, has ordered a new Boeing 747-300 in a deal worth more than US$lOO million, the Boeing Commercial Airplane Co has announced The plane, a version of the jumbo jet with a lengthened upper deck,
      AP  -  62 words
    • 235 17 FT SOCIETE GENERALE de Belgique has disclosed that it is talking to Compagnie Generate d'Electricite and Sumitomo Corporation with a view to the French and Japanese groups each taking an equity stake in Belgium's largest commercial and industrial holding company. At the
      FT  -  235 words
    • 688 17 FT THE LONDON and Pari# stock markets are about to witness one of NM*t cemarkable flotations of recent rrtemvy when the Anglo-French partners of the Channel tunnel project invite the pubHc at large to invest in the project. The flotation will fee unusual in several
      FT  -  688 words
    • 431 17 NYT PILKINGTON BROTHERS, a British glass maker that has stsadily expanded its presence in the market for corrective lenses, has agreed to buy the Vision Care business of the Revlon Group Inc for US$574 million. The price is 2.5 times the unit's 1986 sales
      NYT  -  431 words
  • Page 17 Advertisements
    • 227 17 HAW PAR BROTHERS INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) INTERIM RESULTS 30TH JUNE, 1987 The unaudited results for the six months ended 30th June, 1987 together with the results for the corresponding period in 1986 are shown below: Group Company 6 months to 6 months to Group s
      227 words

  • 634 18  -  CPIB's investigations not hampered by late minister's status By LOH HUI YIN THE COMMISSION of Inquiry into the Teh Cheang Wan affair yesterday heard evidence on how the late Mrriister lor National Dtovefoptnent his cowupt, practice through abuse 40*<-power and How they Were
    634 words
  • 276 18 MR CHIAM SEE TONG was told by the Cpmmission of Inquiry yesterday that his application to be discharged from his role in the investigations was disallowed. Judicial Commissioner Chan Sek Keong, the Commission chairman, said: "We are firmly of the view that we
    276 words
  • 461 18 THE CORRUPT Practices Investigation Bureau has now found cause to question Teh Kwan Sek, only son of the late Minister for National Development. As Kwan Sek is overseas, CPIB had alerted international agencies like Interpol to look out for him, CPIB director Evan Yeo
    461 words
  • 236 18 AFP THE SEARCH for the would-be assassin of Sri Lanka's president and his Cabinet narrowed yesterday on a handful of securi-ty-men and parliament employees, police said, as they looked for links to a banned Marxist group. The attacker escaped on Tuesday after firing
    AFP  -  236 words
  • 285 18 Reuter AUSTRALIA'» trade uriftfes, said yesterday they would consider buying large stakes in state corporations if the Labour Party government went ahead with its plans to privatise them. Australian Council of Trade Unions (Actu) officials said they were opposed to conglomerates taking over
    Reuter  -  285 words
  • 531 18  -  By NAJEEB JARHOM HELPED by a sharp increase in its share of profits of associated companies, trading-based Haw Par Brothers International Ltd has chalked up a 42 per cent rise in group interim pre-tax profits to $18.26 million. Of this figure,
    531 words
  • 218 18 Reuter CHINA'S policy of opening to the outside world will not change, Justice Minister Zou Yu told a Sino-US trade-law conference yesterday. "Our open door policy will not be changed. The great door that China has already opened will be opened even
    Reuter  -  218 words
  • 85 18 Reuter COMEX SILVER FUTURES recovered from a lower opening on dollar-induced shortcovering. analysts said yesterday. September delivery was up 4.0 cents at U557,765 an ounce after retracing from U557.63. The market slipped initially when Nymex platinum led precious metals lower on news that a strike at South Africa's
    Reuter  -  85 words
  • 82 18 Reuter WALL STREET stocks turned mixed after a lower opening and lower prices throughout the market in early trading yesterday. The gain showed mostly in blue chips. Traders said stocks were lower on continuing softness in the dollar despite Bank of Japan dollar-buying that steadied the doHar.
    Reuter  -  82 words
  • 189 18 Reuter PHILIPPINE opposition lesder Benigno Aquino was clubbed on the head and shot from behind by a soldier. new evidence at his murder trial showed yesterday. Previously unpublished autopsy photographs were submitted two days before the fourth anniversary of the murder of President Corazon
    Reuter  -  189 words
  • LATE FILE
    • 76 18 Bernama J ALAN HAJI Hueeeia Umoo branch chairman Azizi Bhariff yeeterday filad an amendad statement of claim at the High Court in Kuala Lumpur relating to hie auit against Umno Secretary-General Datuk Seri Sanusi Junid and five other party members. Mr Azizi wants the court among
      Bernama  -  76 words
    • 50 18 Bernama FORMER Malayaian Prima Minister Tunku Abdul Rahman said yesterday ha waesaddened by tha currant development where Bariean Nasionai component parttaa are queettonning eenettve iesues that can damage the unity prevailing among the people. Ha called lor something to be dona to correct the situation Bernama
      Bernama  -  50 words
    • 56 18 Reuters SOUTH AFRICA'a mine owners claimed their first victory in the country's biggeet wage strike yeeterday when 700 black coal miners bowed to an ultimatum to return to work or ioee their jobe. The Anglo American mining conglomerate reported that the men resumed work at
      Reuters  -  56 words
    • 65 18 AFP PHILIPPINES President Corazon Aquino has extended en amneety for rebels by six months but military offensives against communist guerrillas will continue, Defence Secretary Rafael lleto said in Manila yesterday. Mr. lleto said 800 regulars of the 23,000-strong communist New People s Army (NPA) hed surrendered
      AFP  -  65 words
    • 65 18 Bernama ES A GROUP of 40 leeding Japanese industrialists from medium and smell-scale industries will visit Malaysia next month to look for jointventure and investment opportunities. The mission, to be led by deputy preetdent of the Exim Bank of Japan Reiichi Shimamoto, is organised by the
      Bernama ES  -  65 words
    • 76 18 Reuter EXPORT orders for Taiwanese products eased to U554.49 billion in July from US$4.5O billion in June but were still 27.6 per cent higher than in July 1986 when orders stood at U553.52 billion, according to official figures. July orders for electronic and electric products were
      Reuter  -  76 words
  • Page 18 Advertisements
    • 223 18 Male Singaporean seeks suitable position in Marketing/Personnel Management; possess practical business experience mainly consumer products. Will consider all offers. Genuine enquiries to: 139 JOO CHIAT TERRACE (1543) TEL: *****02/ *****75 EXECUTIVE LIFESTYLE An exclusive 26-page Special THE SINGAPORE EXECUTIVE urbane, hardworking and with an uncommonly high level of personal expenditure
      223 words
    • 19 18 Ultra Sportive PORSCHF DfSIGN c Watcnef ofSmtzerUnb )tts Road. #01-16 Scotts. J Singapore 0922 Telephone *****08 ttw MBM group
      19 words

  • SHIPPING TIMES
    • 435 19  -  By G DURAIRAJ KLANG PORT AUTHORITY (KPA) will soon appoint a management consultant to undertake the feasibility of privatising the remaining activities of the port. The general manager of KPA, Hashir Abdullah, said the proposed study would be completed by year-end.
      435 words
    • 136 19 AFP DOCK WORKERS decided on Tuesday to extend a four-day-old strike to the fishing ports of Pacamonte, Panama City, Pocosol and nine smaller ports in the east of the country. A series of lightning strikes erupted when union leaders claimed an administrator had been sacked for
      AFP  -  136 words
    • 126 19 Fairplay NIPPON YUSEN KAISHA has bought a chemical tanker from Mitsubishi Heavy Industries after it was cancelled by fellow Japanese shipowner Kyoei Kisen. The 12,000-dwt vessel, which was to be named Golden Angel, will be chartered to Norwegian parcel tanker operator Stolt Nielsen. NYK
      Fairplay  -  126 words
    • PORTSIDES
      • 147 19 Reuter THE PAKISTANI NAVY plans to buy three British frigates for US$965 million if Parliament approves the funds, a navy spokesman said. The contract with Yarrow Shipbuilders Ltd was not yet finalised and the parliamentary defence committee was studying the deal, he told
        Reuter  -  147 words
      • 30 19 Reuter THE JAPAN/lndia-Pakistan-Gulf/Japan conference said yesterday that it will raise the less-than-a-con-tainer-load service charge to HK$55 per 1,000 kg from HK$5O. effective Sep 1. Reuter
        Reuter  -  30 words
      • 78 19 ROYAL Caribbean Cruise Line has been voted "World s Best Cruise Line" for the fifth year in succession by the two million readers of American magazine, Travel Holiday. It has also been judged the "Most Courteous Travel Company" for the second year in a row. Readers
        78 words
      • 130 19 Reuter ECUADOR has postponed its first direct crude oil export shipment since the March earthquake for at least two days beyond the scheduled shipping date. Rodrigo Ceron, general director of Hydrocarbon Products, said direct crude sales would not be shipped tomorrow, as scheduled, but
        Reuter  -  130 words
    • 1576 20 High Far East currencies contribute to growth Lloyd's Shipping Economist SEA-AIR TRANSPORT is not a new concept. Even before containerisation revolutionised the movement of general cargoes by sea, some airlines promoted such "half and half" services as an alternative to very long break bulk sea
      Lloyd's Shipping Economist  -  1,576 words
    • 699 20 A6 Shpg V 5 ABC Contomar vm 1 Accord Shpg VI 3 Africo Ocaon X 2 ANtrons vu 3 Amancon Tpt X 4/5 Anshap Int'l X 3 Anro Sarvica rv 2/3 ANt i 1/2 AfC tin* V 4 AW hi 2/3 1 ASCI hi Asian Ocaon VI
      699 words
    • 1296 20 REPORTED fixtures were almost entirely confined to the time-charier section of the freight market on Tuesday, with rates continuing to hold very firm, ship brokers said. A 122,000 tonner is reported to have been arranged from Gibraltar for a Trans-Atlantic round trip at U558,950 daily while $8.750 plus
      1,296 words
    • 177 21 THE MAJOR shipping consortia operating between the Far East/European. Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia Straits Container
      177 words
    • 201 21 Kingsley Wood THE NEWCASTLE FIRM Ullman Engineering Pty Ltd has been given a 10-year lease on the Newcastle 15,000-tonne capacity floating dock and its associated facilities at the nearby State Dockyard. Ullman has no direct involvement in ship repairs but has won contracts
      Kingsley Wood  -  201 words
    • 308 21 Kingsley Wood THE NEW SOUTH WALES government has react*d~4s the AustraHaw-Chamber-ShSB ping and maritime iinii iiiTliil I ists attractions are fof(?Thy commercial shipping from the port of Sydney. It has told the Maritime Services Board to spend A 16.8 million to improve the
      Kingsley Wood  -  308 words
    • 321 21 UPI Reuter SUSPECTED Iranian patrol boats fired rocket-propelled grenades at a Liberian-registered chemical tanker near the Strait of Hormuz in the first such attack outside the Gulf, shipping sources said. The attack came amid speculation that US Sea Stallion helicopters were set to begin
      UPI; Reuter  -  321 words
    • 196 21 ALL SURVEYS are conducted on Aug 10. Argentina Buenos Aires Waiting time of up to two days. Australia Brisbane, Melbourne and Sydney Normal operation. Bangiadeeh Chittagong Waiting time of up to three weeks. Brazil Santos Waiting time of one day. Cameroon Douala Normal operation. Chile Valparaiso Normal operation.
      196 words
    • 324 21 Lloyd's List WEST GERMANY'S coastal shipowners who regard 1986 as their worst year since the end of the World War II hope to improve market conditions by two separate measures both aimed at reducing capacities on the market. The first is a
      Lloyd's List  -  324 words
    • 352 21 Reuter A NEW US-escorted convoy of Kuwaiti tankers has slipped through the Strait of Hormuz into the Gulf and is heading towards Kuwait, witnesses said yesterday. Shipping agents said the convoy of four US-flag tankers and three US Warships was not answering any radio
      Reuter  -  352 words
    • 199 21 INMARSAT will cooperate in British Telecom trials of an international satellite paging service, starting at the end of this year. The trials will use standard BTI paging units augmented to receive signals from an INMARSAT satellite located in geoetationary orbit
      199 words
    • 7133 26 to A guide to ships loading ait 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
      7,133 words
    • 475 27 AT CONVENTIONAL WHARVES V#M#I Barlh Arrival Departure KEPPEL WHARVES K34 olongsnie 2506/1800 otongside 2306/0700 Aped Glory K26 oiongs.de 2006/1100 K29 alongside 2006/1100 106 °'ongs.de 2106/2300 Ko£ Anasnno otoogyde 22 06/2300 Koto Angsono KJ2 alongs.de 2006/0600 stffllaSUfcrb'fKah 3 »5r,nias,:ife WohFo olong*de 2206/0600 05 o long side 23 06/2300
      475 words
    • 894 27 RECEIVINQ OF EXPORT FCL CONTAINERS AND LCL CARGO FCL e M J™ LCL movomont Ship v °y data/Mm# Operator cargo schodul* NrtDaNt 307 *25 ,Cowoiokl FSA IO3O-II30 2200 Ned EAC F7 1300-1«0 ®J *****7 2300 Moersk F2 J 300-1400/1400-ISOO S*" 61 20.06.67 2359 Kowosoti F5A 1500-1400 EGord*, 0I5W
      894 words
    • 127 28 Area/Port Viscosity CST at 50C Density G/ML at 15C Water Volume 0/0 Africa/Red S«a Jeddah Durban Arabian QuN 35/196 24/186 0.923/0.955 0.950/0.992 0.1/2.2 0.0/0.3 Ros Tanuro Bahrain Europe 154/190 132/199 0.949/0.950 0.965/0.977 0.0/1.0 0.0/0.1 Rotterdam Hamburg Le Havre Genoa Far East 26/504 33/427 23/410 36/416 0.935/1.010
      127 words
  • Page 19 Advertisements
    • 750 19 How S.K. Asia npset the logical West HILARIOUS. TRAGIC DANGEROUS. Available at all Good Bookshops i\jvj A STP Distributors X Jurang tal Road OOCL Orient Ohiqus C—Ucamx Line Mill/ NORTH AMERICA ATI ANTIC FXPRFSS (ROUND THf WORLD ROUTING FXPORT DME SdfflPK AGENCIES fftay. Na. M■* OOK 200 Cantonmnt tad #12-05
      750 words
    • 66 19 rasß-.---THE VOLUMES of cargo being moved by a combination of deep-sea containership and air freight services are growing. Page II THE NEW SOUTH WALES government has told the Maritime Services Board to spend As6.B million to improve the controversial Darling Harbour area of the port. Pege ill Index to advertisers
      66 words
    • 1020 19 A WOMAN 0T POWER. SHE NEEDED LOVE. SHE WANTED REVENGE. Kmtna Marie is A WOMAN OP luil whai is the price she has paid? Available at all good bookshops j[ MAERSK LINE THE FAR EAST AND THE MEDITERRANEAN HAVE BEEN BROUGHT CLOSER TOGETHER BY MAERSK LINE an .iCDutsrriM wee* Ami
      1,020 words

  • Page 20 Advertisements
    • 371 20 majffiOGTnXl EUROPE/FAR EAST CONVENTIONAL SERVICE VSL PT of LDG. DATES PT Kb KAKYATIS Rostock Sailed u ELEFTHERIA II limningham Sailed 4/1 CURE Luebock-Hamburg Sailed i/9 TBN Szczecin-Rostock Sailed PAMISES Br«nan-Hamburg Sailed TBN Bremen-Hull »-4fl 1/1( TBN Ijmuiden-Hamburg-Santander 24-3/9 4/U Further load/ discharging port* en rout* subject to sufficient inducement _S«gporejffljcKj<TM
      371 words
    • 19 20 Lines and services represented by A Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association. V*
      19 words
    • 295 20 NOTICE K LINK KINKAI N.V. "Marine Conm" V.48 Arrived 1/8/T7 Consignee# of all duntfed cargoes ex the captioned vessel are hereby notified that a general survey will be held on 30th August IM7 (Thursday) at Keppel Wharves U.C.B. (Unclaimed Cargo Section) Block 38 (FSA) 3rd Floor from 0800 hours to
      295 words

  • Page 21 Advertisements
    • 1044 21 The Straits Steamship Group Mansfield Container (QT Shipping Re Ltd P&O Containers Limited STRAITS SHIPPING Singapore to Satoali, Sarawak, Brunei Ports and Bangkok lm*iav a:*: wwtmur n»:ui an un un Mn un un un un an an an a/» an Ml* an ait a* a* a* an* a/a a/a a/a
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    • 568 21 mmm m EUROPE MED mm 1 m 711 if m Ilia vf« a n wf m iij in mi lai i«.ii as.i FP» a aj7 EE 711 Inn ee 7ii \nm c T IUI •IN lUI rrrrt TTT w USA PANAMA ra tf m tin EF 711 M.M Ef 711
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  • Page 22 Advertisements
    • 296 22 CONTAINERSHIP SERVICE TO UK/CONTINENT AU UK INLAND DESTINATIONS. BELFAST. DUBLIN COPENHAGEN. AARHUS. GOTHENBURG. MALMO HELSINKI. OSLO. AMSTERDAM CARIBBEAN S. AMERICA CONV/SEMI CONTAINER SERVICE TO EUROPE :ONV SEMI CONTAINER SERVICE TO M£D EUROPE CONTAINERSHIP SERV.CE KRCM UK,CONTINENT H'burf B'havtn Rdam LtHavrt S'too PK S*ptrdHK KAO tohpr*** SM SM SM SM SM
      296 words
    • 527 22 ixz%: S Ll* JCS.LINE IMfi C—FULLY CONTAINERISED SERVICE [10 FIIROPF VIA S^TT® Mfmhrr ol Ihf lif Consortium ORIENTAL CHIEF 55W 7\t KOREAN JACEJIN 4BW 211 CHINA CONTAINER 41W Ift NEPTUNE CRYSTAL 41W 10ft HONGKONG CONTAINER UN 17/9 LtMivrt R dam Fltavo Hterj B'havw 7/9 9ft 10/9 12/9 Uft lift 15/9
      527 words
    • 380 22 if.ii.nre AurnK MCM MMf HACK' SHIPI'iNt. Pit III) I.'l 'f JSIORB h EXPRESS FCL/LCL FORTNIGHTLY CONTAINER SERVICE TO MADRAS HALDIA CALCUTTA CHITTAGONG CHALNA SIN MAO* HAL* CAL MAO MLA* CTC INDIAN COURIER V23N 09/09 15/09 IMB 22/01 T. FONTANE VION 11/09 17/01 IMB 20/01 21/01 Ag«nti:- SHARIKAT TRANS-ORIENT SDN. BHD.
      380 words
    • 844 22 r Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP HKC KSC KLC PUS OSK TTO KSN CMS NYC BAL NK FIX ROM AN* LHV SGP EVER GUIDE/EVER GROWTH W M M lfl 27/1 MO VM *10 Hl' etmM m im V»VMI2/10*102M024fl0Zl/1122/10arill7/U EVE* GIANT/EVER GENIUS M Ufl 1W M iyjj r;ng EVER GLORTrEVER GREET
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  • Page 23 Advertisements
    • 514 23 MAJAPAHIT OOWA KOTA SING A VESSEL SEA HAWK RATANA BHUM SEA DRAGON SEA DRAGON x PACIFIC INTERNATIONAL LINES mW\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE KOS BUS 1M IS/0 1/10 3/10 •MUR MURORAN (HOKKAIDO) *HTC HITACHI INDONESIA CONTAINER SERVICE VESSEL VOY SIN
      514 words
    • 232 23 m ti TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS NORBUIK NBT-11 NORBULK NBT-12 SWK/SABAH tilt 2W LOADING FOR MADRAS/TUTI MGLORE/KANDLA, KARACHI SPORE MARATHON UNITED AGtNCY PTE LTD TEL Z2W66 W MALAYSIA SP YEO SHIPPING 4 TRADING KL "OTM4* P* *****0! PfNANG TANJUNG MARINE SDN BHD TEL SABAH TRANSPAC K K
      232 words
    • 742 23 1 BEN LINE CONTAINERS express container service to uk/continent 1M "J W 1» I*l £2 1*» 174 lin 104 ??l wjw w* 2w lllii m I# lfclfl 11)10 illfi win OH 2i:-^oSK nm -mm tmorumno Wi Vi l (Mi M 1 o/u *ni Mai mi express container service from uk/continent
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    • 379 23 DJASAGETRI A Joint Europe Service Of: P.T. (JAKARTA um P.T. BEttHU LLOYB P.T. HWIDB MBOKSIA P*. TMKOM LLOYB EXPRESS SEMI CONTAINERSHIP SERVICES 0 MWRWhrnn n um—i J ii mwii 1 DJAKARTA LLOYD INDONESIAN NATIONAL LINF EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY SPORE BILBAO BREMEN ANTWERP HBURC ROAM/ADAM .MA
      379 words
    • 305 23 SHIPPING AGENCIES SIT-TWAY V3IE HTONEYWA V22W PAGAN VU7W pa-an mm Ditcharpni only BURMA FIVE STAR mtm coßPaiiTiMi (Burmese National Line) Loading for Rangoon S'pore P.Kelang Ptnang Bangkok nm a«i 21/22 Am I 27/29 V7Sapt BANK LINE I EXPRESS SEW-CONTAINCP J 2 V 132 SIH2R3MATWO Score In h ORTHBAMK K2K Sport
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  • Page 24 Advertisements
    • 1117 24 "K"UnE SHIPPinC OPiTPi W. fITLfIfITJC CORST (Round-The-World Service) N GARNET VlO 0. FREEDOM Vl5 'VIA FEEDER •PK/PNG SPORE SLD 21 Aug 22 Aug 28 Aug PACIFIC SOUTH-WEST l<|Ti «H FEEDER VSL 'PK/PNG N. GARNET VlO Sid 0. FREEDOM Vl5 22 Aug J 1 a, *VM FEEDER Ml 0 lA SP
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    • 584 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers fHdr L«wr Vts* Sport jlMt Fr«n Sfdn Abo Acne "CMA"^ 0 5 y77 3 Sap* II S«pt 27 Sapt 2S Sapt AM, Bra MBIRQAS" VJt V S«<X 12 Oct 21 Oct 19 Oct AM/Bris INDIA EXPRESS CONTAINER SERVICE Accapttng FCL/FCL C< TrCODOR FOMTANE
      584 words
    • 723 24 CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA TAOJIANG A VESSEL P.Klang Penang 21* an Kuantan Destination Rotterdam/Hamburg Rotteniam/Hamtourg AMilAil UNQQUANHE GUCMENG GAO CHENG MNG CHENG LINGQUANME GUCMENG *PM| fm Tm ten KM M Dm M W V* tft M 11/) 11/ l w m an in tm
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    • 415 24 stfiFFiNli times, Thursday, August PHILI Oni€NT LIN€S PT€ LTD HE43 Off Ct 63 BOB'NSOS BCSD > AfRO AS t Pw lO;Na S*S r ,AFO a GIC• nif> ns ????o PM u fs« > o U.'IftJ.MJ.MI.-tH-l 7/», iin n*. M DOHA. MUSCAT, BAHRAIN ■HIMK JBNMN. MOOEBAM. AOABA p ff h: I
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  • Page 25 Advertisements
    • 784 25 NOL NEPTUNE ORIENT LINES LTD port Ttl No P.Keiang Penang J Bahru IWHWaW™ 811 0 CHIEF K JACEJIN m C CONTAINER at IC BRIOGE aw n crystal mr HK CONT AMER S«. AT cargo mil bo trim hipped na RO Also accepting cargo to/from Scandinavia I FROM EUROPE (VIA SUEZ)
      784 words
    • 433 25 HEUNG-A SHIPPING Korean Flag Vessels DONAM SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG BUSAN. INCHON Vmml'i Name S port PN P Keiang Buun No I Donam TON 17/1 tilo 31/0 No I Donjm.TWN lift 2M OM Cargobay/71SN IW9 No "Wt. in TMn 7/1 lift M Enterpr,u/71JN l^ Jf U? T
      433 words
    • 704 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD r'w S °iJ! UILD Qwcm/ Smta* dhdr*V S nga ,f ore 0104 T,,: *****33 (15 Lines) Terminal Office: *****41/2 Cablets SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** mis HANDLING SYSTEM CO SON BHD WSSM lUI tmmc bh*mc itt «w_ *rx*K*3.3fe^3o^l
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    • 26 25 4IW AUSTRALIAN services WEEKLY CONSOLIDATION/SHIPPING SERVICES TO/FROM ALL AUSTRALIAN PORTS INCLUDING TASMANIA ft ALL INLAND POINTS BOOKING AGENT: FREIGHT MANAGEMENT SINGAPORE CONTACT: LYN/HELEN *****11 (15 LINES)
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  • Page 26 Advertisements
    • 312 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225-6868 (30 Iwesi FAX *****39/*****76 TELEX RS ***** A/B SSCMA. RS ***** A/B SSCAD DSR-LIIMES VF.B Of UTFRACHT SEfcREEDERF INTEGRATED FULL CONTAINER SERVICE TO EUROPE PORE Xso "VNACA ATTERP RUHIAND 2M Ufi 221* USARAMO 4/VW 12» 1 M UflT/aS RUEKLANO M 7 123/9 m»
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  • Page 26 Miscellaneous
    • 173 26 IiSI u Regional Weather il <; I* t I t m v^«» Z 55 I m 5 LLl£ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c/*' Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature o c X\ X 7 Shower Weather Wind direction
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  • Page 27 Advertisements
    • 216 27 UouOi CALL US AT^ PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE >*1 TO EUROPE ufTT LV.U. im.i'V itv 11 W.m MTHR VSI JUTLANCMA rT7T rm B BUTANC B BUTANC OTHER DESTINATIONS: AARHUS. AMSTERDAM. ANTWERP, BASLE. BREMEN BREMERHAVEN. COPENHAGEN, HELSINKI, MALMO. OSLO, STOCKHOLM. UK FROM
      216 words
    • 324 27 CONTAINER LINE DAILY ACCEPTING LCL/FCL TO:H TRANSTAINERS LINE WEST AFRICA SERVICE PEN/PK SIN TO: DAKAR, CONAKRY 27/8 29/8 ABIDJAN, LOME 1/9 4/9 CONTONOU, DOUALA LIBREVILLE, PORT GENTIL P. NOIRE, LUANDA PT. KELANG AUSTRALIA PORT TO DOOR DELY: PT. KELANG TO KOTA KINABALU IN CONTR SVS MAC-NELS AGENCIES PTE. LTD. MAC-NELS
      324 words

  • Page 28 Advertisements
    • 366 28 FARGO SHIPPING COMPANY<PTE)LTD. y regular express full CONTAINER AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINE RLINE From USA/Canada/Europe/Mediterranean Vsl ANTWERPEN C. VEROLME TNT EXPRESS E. HUDIG EM EM EM SB EM EM EM EM IETTMEJE/TB Chittagong. Chalna KITI BHUM 119N 24/8 BUNGA BUTANG 368 25/8 Kadi -iOO Cantonment Road
      366 words
    • 809 28 *ai*r#H»iE*js,2g SMN SOCIETE MAURICIENNE DE NAVIGATION LTEE INDIA OCEAN, SOUTH/EAST AFRICA REGULAR SEMI-CONTAINER SERVICE SEALION SHIPPING (S) PTE LTD Tf I ■TFIFX ps-r-i SFi 10". TAX .Vyi.'ll AL Mrk Ocea* Unis Lid. COLUMBUS LINE REEDEREI GMBH (A SERVICE OE HAMBURG SUDI EXPRESS semm:owta»€r service to NORTHBOUND TO UKC TAUSALA SAMOA
      809 words
    • 487 28 AMERICAN TRANSPORT LINES, INC. AirilhM*. TEXAS RAINBOW CANADIAN RAINBOW NEW YORK RAINBOW A VESSEL TEXAS RAINBOW SPORE 13/9-14/9 6/10-7/10 31/10-1/11 19/11-20/11 8/12-9/12 ACCEPTING CARGO TO ATLANTA, SAVANNAH. lAITMKME. NUM. TAMPA. OTHER U.S. EAST COAST HINTS ON REQUEST TAMPICO 23/10 16/11 10/12 29/12 18/1 ALSO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA:- CRISTOBAL
      487 words