The Business Times, 25 August 1987

Microfilm: NL15925
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 112/12/86 TUESDAY, AUGUST 25, 1987 75 CENTS
    11 words
  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    196 1 Oversaaa markets y HK Hang Seng Index 3391.26 (-55.33 Jokyo Nikkei Averoge *****.33 (-10.66 Sydney AN-Ordinaries 2085.6 (-2.0) fltrlni rnaay New York (Dow Jones) 2709.50 2-71 London (FT 30 Index) 1727.2 27.0) Exchange rates THE Singapore dollar closed firmer at 2.1055/85 (2.1095/2.1105) in the foreign exchange market
    196 words
  • Article, Illustration
    Strong rally pushes ST Index up 36 points
    272 1 THE SINGAPORE stock market staged a strong rebound yesterday on renewed buying interest. But an analyst was quick to point out that although the economic fundamentals remained good, moat of the good news has already been discounted and unless better than expected
    272 words
  • Article
    Second blackout in four days
    141 1 ANOTHER cable damaged by a contractor this time a major 66kV cable yesterday caused the second blackout in the city in four days. Yesterday's blackout occurred at about 4.25pm, when most banks had already closed their foreign exchange positions and the stock exchange had finished
    141 words
  • Article
    Lock icon Prominent Indian leader dropped over KL university ruling
    481 1 AFP A TOP LEADER of the Malaysian Indian Congress (MIC) has been dropped after threatening to sue a local university for ruling that elective courses would in future be taught only in Malay. Government Works Minister Samy Veliu, who is also MIC
    AFP  -  481 words
  • Article, Illustration
    Amcol Electrical buys unsold Orchard Towers units for $56m
    558 1  -  Deal will see issue of 25.45 m new Amcol shares By LISA LEE AFTER WEEKS of intense speculation, Orchard Towers has finally changed hands and the new owner is Amcol Electrical Industries Ltd. Amcol is taking over Golden Bay Realty, the
    558 words
  • Article
    Loan of $35m in the balance
    333 1 THE PURCHASE of Golden Bay Reelty by Amcol Electrical Industries Ltd has put in jeoperdy a yet-to-be-signed $35 million refinancing package for its parent. Chng Heng Tiu Pte Ltd. BT understands that five finance companies and one bank have agreed to put together the
    333 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      81 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Full report, Pag* 12 Regional marfcote. Pap# 14 Sony tighten theSpec'son Floppy Disk D D Sony, originator of the 3.5" micro floppy disk, now offer the MFD Series, which sets new standards by using VIVAX magnetic particles 20 million passes of the head are
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      Page 1 Advertisements Column 2
      419 1 EXECUTIVE LIFESTYLE An exclusive 28-page Special CLASSY BUT STREETWISE. That's the executive choice today in sports and cars, travel and fashion. With the accent on health. Whether life's literally a breeze at sea, a health food binge, a spin in a turbo or a dabble in high fashion, today's executives
      419 words
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      Page 1 Advertisements Column 3
      177 1 Nikon J THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Shipping Times comes as a separate section today. Make sure you get your copy »11 in m mmmmmmmmmmmm whew New sleek lines. Same unparalleled performance. As you've probably noticed, we've given Singapore's original 24-hour ATM card a facelift. Needless to say, it's still
      177 words
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  • HOME NEWS
    • Article
      Police have power to query bank accounts
      356 2  -  By ANNA TEO A POLICE OFFICER in Singapore may query banks in the country about accounts held by persons under investigation, the Attor-ney-General has confirmed. Senior State Counsel Lawrence Ang said this in a letter yesterday to the Commission of Inquiry into alleged
      356 words
    • Article
      Sardines to be rationed under food exercise
      222 2 CANNED SARDINES will be one of four items rationed under a Trade and Industry Ministry emergency food distribution exercise beginning next month. In the week-long exercise, to begin on Sep 6, more than 14 per cent of Singaporeans will be registering for food
      222 words
    • Article
      Conference on automation in manufacturing
      279 2 PROBLEMS ASSOCIATED with automation, including ttie use of robotics, will be discussed at a major conference to be held here next month. Besides robotics, the 3rd International Conference on Automation in Manufacturing will focus on manufacturing management, automation for small- and medium-sized enterprises, materials management,
      279 words
    • Article
      ISS diplomas to be awarded on Friday
      261 2 THE SIXTH BATCH of graduates from the Institute of Systems Science (ISS) will receive their diplomas from Professor Huang Hsing Hua. deputy chancellor of the National University of Singapore, on Friday. With this latest Patch of 48 graduates, the ISS has produced 260
      261 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      942 2 ARRIVALS Operator Sonde# Local From su SQII 0045 LAX/NIT CAL a 341 0155 TPf CAL Q337 0215 TPC (WILL OPBATE WHEN Q341 IS CNU JAL J1617 0215 TVO FT FT75 0316 UH/OtO/ANC/ NRT/MNL/TPE CAL 0333 0405 TPt MAS MH681 0620 KUL sv SV398 0635 JED/tUH MAS MH81I
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      156 2 ncert j s <;i 4 S™ T| at the Singapore World Trade Centre. A premier show in a premier event—the Singapore Informatics '87. I 1 On display, will be Data General's inspiring ability to work together In Concert with other computer systems and provide total solutions for bringing together software,
      156 words
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      Page 2 Advertisements Column 2
      60 2 rI V IFI If The business person's choice, every I I II I II I Tuesday. Thursday, Saturday and I 1 11X1 VI \l I I I Sunday. Leaving Changi Airport at X VyJ. 1 _L 22:05 hours and orriving at Lester B. Pearson International Airport the following day. Call
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      54 2 Doonesbury NOTHING! NAPA! SONS HARMONIC CONVERGBNC3/ NO DISORIENTATION! NO PEJA VU! NO INVITATIONS ID JOIN A FEPE&WONOF EXTRATERRESTRIALS! A TO-TAL-BUST! WM m fi r i BY GARRY TRUD6AU OOOPSIE,I TRIED TV TELL YOU. SOMEWHERE INTHBWORLP PEOPLE MAf I BE GETTING rroNMTH /TH&RPtVINB v 4 n Mi ...BUT NOT IN PALM
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  • OVERSEAS
    • Article, Illustration
      Lock icon Rigid ageing officials pose a problem, says Deng
      398 3 UPI THE RELUCTANCE of ageing officials with rigid ideas to retire is China's most "outstanding" problem, according to remarks by Chinese leader Deng Xiaoping in remarks published yesterday. "In general, old people tend to be conservative," Mr Deng said in a June
      UPI  -  398 words
    • Article
      Lock icon New Zealand takes stock in the wake of nuclear study
      411 3 Reuter ZEALAND is review- ing its emergency laws af«ter a Planning Council etudy showed severe social Ehaos was the more likely fallout than radiation from a war waged outside -the country. Medical and fuel supplies would be cut, and electricity
      Reuter  -  411 words
    • Article
      Lock icon Papua New Guinea to consider ties with Moscow
      137 3 Reuter PAPUA NEW GUINEA has announced that it will consider mutually beneficial relations with the Soviet Union as part of its efforts to adopt a more independent foreign policy. Prime Minister Paias Wingti, re-elected for a second term this month, said on
      Reuter  -  137 words
    • Article
      Lock icon Sri Lanka to fight for peace on economic front
      590 3 AFP THE STRUGGLE for lasting peace in Sri Lanka will be carried out mainly on the economic front, according to politicians, businessmen and analysts in Colombo. Getting a tangible improvement in the daily life of all Sri Lankans is a great
      AFP  -  590 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      63 3 L-KTUS S it M iS Backed by 30 years of experience AIR tirkot for major airlines to China Australia U S A and 3 F Asia HOTEL accommodation worid-widp TOUR programs to China F urop»* rates professional servires f or .1 ttr.* T'VP rates professional services OOO-M ~7"7 c *1
      63 words
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      Page 3 Advertisements Column 2
      684 3 Olivetti announces the PCs that respect pur right to make your own decisions. Hie arrival of the personal computer revolutionised the way businesses were run, bringing speed and efficiency that were previously unthinkable. That revolution, like all technological revolutions, was producer-led. But the world since the revolution has changed Business
      684 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      50 3 si! W TiH Cloor Cloudy Sunny Cloudy Cloar Cloor Cloudy Showers Rain Cloor Cloor Hazy Cloudy Rain Moscow Nassau Now DoJhi *4ow York Nicosia Oslo Paris Perth Rio 'Janeiro Rome San Fris'co San Juan Santiogo Sao Paulo Sooul Stock holm Sydnoy Toipoi Tol Aviv Tokyo Toronto Vancouver Vionna Warsaw Washington
      50 words
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  • COMMODITIES
    • Article
      Lock icon KL task force to give rubber more bounce
      591 4 MBT A CASH SETTLEMENT for rubber futures contracts on the Kuala Lumpur Commodity Exchange (KLCE) is being studied by a special task force set up to give the rubber futures market more bounce. Other measures being looked at to revitalise the currently
      MBT  -  591 words
    • Article
      Lock icon Bangladesh raises jute export prices
      181 4 AFP BANQLADESH on Sunday announced price rises for different grades of exportable raw jute varying from US$5 to US$3O a tonne. The decision was taken at an emergency meeting of officials and exporters to review production and marketing in view of the current devastating floods,
      AFP  -  181 words
    • Article
      Lock icon Direct dealing alters market role — CTC
      312 4 Direct dealing alters market role CTC MBT THE INCREASING TREND towards direct dealings between rubber consumers and producers has created a structural change in the marketing channels and affected the role of the rubber futures market. Commissioner of Commodities Trading Commission (CTC) Haji Ismail Haji Ahmad said this meant there
      MBT  -  312 words
    • Article
      Lock icon Dark, deep gold mines make S Africa shine
      404 4 Reuter SOUTH AFRICA'S gold miners commute to their jobs at an average speed of 45 km an hour straight down. The jobs are popular among Blacks, including the hundreds of thousands now out in the country's biggest wage strike. But there's not
      Reuter  -  404 words
    • Article
      Rubber
      302 4 SINGAPORE The Singapore rubber market closed lower yesterday with September Ones RSS buyers quoted at 214.75 cents per kg, down one cent from last Friday. Dealers said the morning session ended one cent weaker following easier Japanese advices with trading generally quiet. Trading continued quiet in the afternoon session
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    • Article
      RAS and MRELB
      266 4 RAS prices mse FOB In bnta NOON CLOSE Bvyon Sellers 6vyon Sells a tat 1 RSS Prompt 216.00 217.00N 216.00 217.00N tat 1 RSS Sap 87 214^5 215.25 214.75 215.25 tat 1 RSS Oct 215.00 215JO 215.00 215 JO In* 2 RSS Of 213.00 215.00N 213.00 *****N
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    • Article
      SSR and SMR
      76 4 (onti/kg, 1 -tor point) SEPTEMBER 87 OCTOBER 87 (currant month) (forward month) RAS NOON NOON S*4Wo lnyer« ;,n,n SSI 20 194.00 196.00N 194.00 196.00N SSI SO ***** 193JON 192JO 193JON 1,11,11 SMI cv 265.50 267JON lwy#n 266.50 Salan 268.50N SM> I 265.50 247JON 266JO 268 JON SMf
      76 words
    • Article
      Lock icon PNG signs US$1.5b copper contract
      177 4 UPI PAPUA NEW GUINEA has signed a seven-year US$l.5-billion copper contract with Japan. Minerals Energy Minister John Kaputin announced on Sunday. Mr Kaputin said a consortium of seven Japanese smelters and metals companies, led by Mitsubishi Metals and Nippon Mining, has agreed to take 60.000
      UPI  -  177 words
    • Article
      KL Tin
      94 4 THE PRICE of tin on Vm Kuala Lumpur Tin Market (KLTM) roae seven canto yesterday to M 516.86 a kg follwolng last Friday's strong Europaan mart at Ths Jspanasa took moat of tha final turnover of It 2 tonnaa agalnat laat Friday's 190, while Europaan» and local Intaraat
      94 words
    • Article
      Oil and Products
      74 4 SPECULATIVE East Asian petroleum products fall again yesterday in line with heavy selling on the Houston markat. Middle diatillates remained stable in Singapore amidst talk of a price rebound. USS/barral Ow|t Ouboi (Oct) W«l Twos 1*70 -0J0 WD (Oct) H.95 Products (FOB S'pore) USt/Wnl Omny« GomM Jnt,
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    • Article
      Two in NZ gold venture
      93 4 GIANT RESOURCES Ltd and R A Hanson Co Inc are forming a 50/50 alluvial gold dredging venture in New Zealand. The joint venture. Grey River Gold Mining Ltd. would use a dredge developed by RA Hanson costing US$l3.5 million. It would mine overburden and pay
      93 words
    • Article
      Palm Oil
      254 4 Crude palm oil future* closed easier yesterday on the KLCE in fairly active trading. Spot month September closed MslB lower to Ms7l3 a tonne while October was down Ms2s to Ms7o2 November fell Msl9 to Ms7oB and December MslB to Ms7ll. Turnover was down to 399 lots from
      254 words
    • Article
      Precious Metals
      302 4 HONGKONG: The metal closed lowsr yesterday on sporadic selling. Bullion settled at U*****.90/456 40 an ounce against an initial U*****.60/457.10. This compared with last Saturday's closs here of U*****.50/457.00 and last Friday's New York finish of U*****80/457.30. Qold gained some ground in the morning on a weaker US
      302 words
    • Article
      Produce Prices
      241 4 Chinese Produce Exchange S#H#n noon dorinQ pfk August 24 (SS/100 kg) 9i on Coconut oil Mi FOB 95.00 OW drum FO« 105.00 N»w drum FOt 109.00 Copra Mixed (Ioom) 56 Pepper s®il®rs Muntok whit* FOt NIW 1192 JO Sarawak whit* FOB foq NIW 1177 JO Sarawak ipidnl Mode
      241 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      158 4 Creatively Nutritious Choices > <6 s^l^ IkV best from mm A refreshing, crunchy selection of 20 varieties of local and imported greens... and dress them in any of the 8 most popular salad dressings. An enticing choice of 18 rojak and gado gado favourites and coat them from 5 specially
      158 words
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      Page 4 Advertisements Column 2
      83 4 Only at Scruples Explore Scruples. Discover designer originals in rattan and wicker. A dream collection of the classic and contemporary. All handcrafted to capture your imagination. Elegance in furniture. Come to Scruples. But come prepared to fall in love. At Scruples. Only the finest. Business hours: lOam 6pm: Tuesday to
      83 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      331 5 Hopefully, information technology will be commonplace a decade from now. In the meantime, here's an example of how it can boost our economy: I I Tr I K i I \,V Introducing the new Mercedes-Benz S~( lass. ®When you turn the ignition key of your new S-Class in the morning,
      331 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Simex/IMM
      537 6 BA Futures DECEMBER Eurodollar opened six ticks lower at 92.29 yesterday on dollar weakness following last Friday's GNP and CPI data. The December contract fell to 92.28 before recovering to the high of 92.35 on rumours that Tokyo is planning to invoke an export law to control the dollar's
      BA Futures  -  537 words
    • Article
      Forex markets
      1121 6 SINGAPORE: The US dollar closed higher yesterday against most major currencies in active and nervous trading mainly on Bank of Japan intervention and short-covering. Dealers said the Bank of Japan intervened twice in the course of the day's trading. It bought a fairly large amount of dollars soon
      1,121 words
    • Article
      Options
      629 6 CURRENCY FUTURES OPTIONS IMM Fridoy, i August 21, 1987 MITMH POUND HMO* CM par t MM CI •*P< OcK D*c-c Pi S^P «*-a*ai* 0CM 1575 5.45 4.85 5-70 0.05 045 140 1600 3.15 3.10 4.15 0.25 145 240 1625 1.45 1.80 2.90 1.00 370 1650 0-55 1.10 2.00 245
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    • Article
      Government securities market
      80 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity ftJD OFF» HK5H LOW 3 months BQ*****S 19.11.87 3.15 3.05 6 nwnrta BS*****Z 21.01.88 3.25 3.15 1 year BY*****S 30.06.88 3.41 3.31 3.32 3.31 Government notes end bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate W0
      80 words
    • Article
      Money markets
      48 6 THE OVERNIGHT rate on the Singapore interbank market remained unchanged yeaterday. The one-month term rate fell by point S$ Interbank rates at 7pm yesterday: orm hd Owr- *+> 1/2 if l-MMh 4 5/9 4 1/2 2HMMH 4 1/2 4 1/1 J—4 1/2 4 3/S OvmlgKl Mod* 3/4
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      322 6 r r ARC IV POWERMATEI APCIV POWERMATE 2 APCIV y V; v t t 11 YtYC xw.v:-.* "iiKiii'lti'iwifc j 1 l M ideal for homes and small businesses compact, economical versatile option to use 3 V 4" floppy disk for better protection and durability maximum disk storage of 60 MB
      322 words
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      Page 6 Advertisements Column 2
      9 6 The OCBC Exchange Hal» Mm mm Mt available yeaterday.
      9 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Bonn banks proceed with options plans
      545 7 Reuter WEST GERMAN banks are proceeding with plans to set up a futures and options exchange in Frankfurt, but an Arthur Anderson Co study shows they face jaunting problems. Rolf Breuer, the chairman of the Frankfurt Bourse s Options Committee, told a press conference
      Reuter  -  545 words
    • Article
      Lock icon CBOT expects yen listing late this year
      378 7 Reuter THE CHICAGO Board of Trade (CBOT) expects final approval late this year to allow an immediate start to yen bond futures trading. CBOT vice-president Raymond Carmichael said approval from the Commodity Futures Trading Commission (CFTC) might come in late-November or early-December. CBOT
      Reuter  -  378 words
    • Article, Illustration
      Peter Marx to conduct seminars on charting
      251 7 SIMEX TRADER Peter Marx, one of the more successful in the financial futures market, will conduct two public seminars next month. The first seminar is on "Technical Analysis Charting" to be held on Sep 10 and Sep 11. This seminar will touch on
      251 words
    • Article, Illustration
      World interest rates
      190 7 Indicates ttw mriQt of th® prinw ItndlnQ rit#® o4 12 ma|or banks In S'por* Interbank market ratee (offer/bid) on Aug 24 US$ DM SWFC Yon 7 doyi 6 J/4 6 J/0 9 7ft 3/0 3 7/0 3/4 71/1-7 3 13/14—11/14 1 6 13/14 11/|6 9 7/0 3/4
      190 words
    • Article
      Asian $ market
      281 7 Asian market ASIAN DOLLAR deposit rates closed little changed from the opening levels yesterday, in quiet afternoon trading. Period rates were narrowly mixed at the outset and remained unchanged in subsequent trading. One month closed at 6-13/16 6-11/16 per cent, three months at 7-1/16 6-15/16 and six months at 7-5/16
      281 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      311 7 Y- f' Fl Prime Offices Warehouse For Sale By Tender A modern 4-storey office building and a quality 2-storey warehouse together with potential for additional office developments on this very large plot of freehold land. Location Rentable Office Area Rentable Warehouse Area Land Area Zoning Tender Closing Harpers House 154
      311 words
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      Page 7 Advertisements Column 2
      91 7 vessels operating on 31 scheduled liner services to 150 ports on seven continents. Nedlloyd Lines has 130 years of experience in operating shipping services worldwide. Your Nedlloyd agent can guide you over the shoals of door to door transport all on one bill of lading. Simple, cost-effective services you can
      91 words
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  • PERSPECTIVE
    • Article
      Foreign labour and retailing
      517 8 RETAILERS who had been hoping to persuade the government to allow them to hire foreign workers will have been disappointed by Trade and Industry Minister Lee Hsien Loong's remarks last Sunday. But it was a response they should have expected. The official line is well-known: The
      517 words
    • Article, Illustration
      Lock icon Is the Wall Street bubble about to burst?
      2059 8  -  Even as the Wall Street bull continues to charge ahead, many US economists are drawing parallels between the present times and the pre-Crash days ot the *****, what with the massive debt problems facing the US. In this and the facing pages,
      NYT  -  2,059 words
    • Article
      Lock icon Soothsayers predict US economic disaster
      928 8 NYT WHOEVER is elected US President next year could wind up going down in history in the same chapter as Typhoid Mary and Mrs Oleary's cow. The next president's administration, some Wall Street soothsayers say, is destined to be a flaming economic disaster that will
      NYT  -  928 words
    • Article
      Lock icon Economic history repeats itself, says academic
      1781 9 NYT JAY FORRESTER is a man waiting for a disaster to happen. If it doesn't, and relatively soon, his many years of painstaking research at the Massachusetts Institute of Technology may well have all been for naught. Simply put, Mr Forrester believes that economic
      NYT  -  1,781 words
    • Article, Illustration
      Lock icon Japanese speculation worries some US investors
      638 9 NYT JAPANESE INVESTORS have the potential to influence the American stock market far beyond what their US$l6 billion in US securities might suggest. In their homeland, the Japanese stock market is now in what is widely regarded as a speculative frenzy, comparable to the
      NYT  -  638 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      251 8 Here's a business deal Some call theirs the Executive Lunch. Others name theirs the Businessman's Lunch. Well, we at Le Vendome Continental Restaurant thought we should address the issue more direct and present you with ou proposals. If you're the type who has to hop from meeting to meeting, Le
      251 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      85 9 Pegasus. Simply, the best accounts system in business. 25/000 installations worldwide Powerful modules with multi-currency and multi-user capability General Ledger Invoicing/Sales Job Costing Sales Ledger Order Processing Payroll it Purchase Ledger i Stock Control Bill of Materials SOFTCON (S) PTE. LTD. Pegasus Support Centre 03-250 Podium Block Ming Court Hotel
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  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      1117 9 Ira EKE) aaaa® TUESDAY PREMIERE Charity Hannah 10.30pm, Channal 5 Robert Conrad plays a tough-as-nails cop who's seen it ail. But under the facade still remains a sensitive man who hasn't got over the death of his wife and unborn child. When he accidentally kills a youth, he asks for
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    • Miscellaneous
      Page 9 Miscellaneous Column 2
      758 9 mmMm CRYPTIC PUZZLE ACROSS 3 Do their mtmberj all have the same suit? (S) 8 Mere iioimim. but good to sing about (S) 10 Like shining leathers (5) 11 Person ot great imagination (3) 12 Norfolk cricketer? (5) 13 Personal ptacM ot worship P) 15 But tor its head. this
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  • SPORTS & LEISURE
    • Article, Illustration
      Lock icon Cubans overwhelm Americans
      305 10 UPI CUBA'S powerful boxers won five gold medals on Sunday while the US finished with its worst showing in boxing in 36 years at the Pan American Games in Indianapolis. Cuba finished the competition with first places in 10 of the 12 divisions and a 10-2 record
      UPI  -  305 words
    • Article
      Lock icon Whither next America's Cup regatta?
      133 10 UPI THE COMMITTEE that will determine the site of the next America's Cup regatta met for nearly six hours on Sunday before adjourning without making any announcements. The committee will decide if San Diego or some other community will hold the prestigious yachting event in
      UPI  -  133 words
    • Article
      Lock icon US captures first race in World Star
      251 10 Reuter AMERICANS Mark Reynolds and Hal Haenel on Sunday won the first of six races in the 1987 World Star Yachting Championships at Chicago's Belmont Harbour. US entries took five of the top 10 spots in the competition, which attracted 79 boats from
      Reuter  -  251 words
    • Article, Illustration
      Lock icon Weibring wins his biggest purse ever
      352 11 UPI D A WEIBRING shot two bogeyfree rounds on Sunday, closing with a 4-under-par 68 for a 207 and a one-stroke triumph over Larry Nelson and Greg Norman in the US$BOO,OOO Western Open in Oak Brook. The victory was Weibring's second in 10 years
      UPI  -  352 words
    • Article
      Lock icon Aicala cycles off with overall Coors title
      252 11 Reuter RAUL ALCALA captured the overall title in the 13th annual Coors Classic cycling race as Moreno Argentin of Italy finally showed his world champion form by winning Sunday's rainy last stage. Argentin, 26, won the 98.2-km (61-mile) North Boulder Park circuit race,
      Reuter  -  252 words
    • Article
      Lock icon Edberg crushes Becker to win ATP
      271 11 UPI STEFAN EDBERG needed just 80 minutes on Sunday to crush Boris Becker 64, 6-1 to win the U*****,000 Association of Tennis Professionals Championship at the Jack Nicklaus Sports Centre in Ohio. Edberg of Sweden, the No 2 seed, earned US$4B,OOO for his fourth
      UPI  -  271 words
    • Article
      Bringing out the killer instinct
      399 11  -  By WALTON MORAIS IN THE QUIET aftermath of a grand performance during the Singapore Amateur Open golf championship at Tanah Merah, big Samson Qimson was thoughtful. Reflecting on a four-round championship run that included two sub-par rounds, the 23-year-old talked about how a strong foreign
      399 words
    • Article, Illustration
      Lock icon Shriver triumphs in Canadian Open
      444 11 UPI PAM SHRIVER, completing what she called "the best week of my tennis life," defeated Zina Garrison 6-4, 6-1 on Sunday in the final of the US$2BO,OOO Canadian Open. §hriver collected US$5O,OOO for her third tournament title of 1987. Shriver, the third seed, powered to
      UPI  -  444 words
    • Article
      Lock icon O'Meara takes Lawrence Batley for first win in Britain
      369 11 UPI AMERICAN Mark O'Meara captured the U*****,000 Lawrence Batley International with a six-under-par final round of 66 on the rain-lashed Royal Birkdale Course in South port on Sunday. It gave the 33-year-old Californian the U5535,000 first prize with a 17-under-par aggregate
      UPI  -  369 words
    • Article, Illustration
      Europeans give warning of their might
      255 11 IF THE EUROPEAN swimmers call this preparing for next year's Olympic Games, the world has been warned. Six world records fell in as many days at the European Championships in Strasbourg, which ended on Sunday. Hungarian medley swimmer Tamas Darnyi, the West German 800-metre
      255 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      755 10 Id wins, dine ««i AUGUST m rarty any ivay you like in August ctidh of pies, pates and patties, g bAstuffed squids, cwMigout and mushrooms Caff Viena promises you imaHd palatable nt&J&ck for more. mna Supplement. CUBS COSY, INFORMAL CONTINENTAL At Blooms Continental Restaurant, youll not only enjoy the culinary
      755 words
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      Page 10 Advertisements Column 2
      85 10 'OWM mm i i Aug 3—31 Lunch A Dinner Adult: $12.5<r Child: $B.oo* Together... Excellence for Singapore. Cafe Vanda celebrates Singapore's 22nd birthday with a sumptuous range of local favourites from the famous districts of this surprising tropical paradise. A special National Day Souvenir is yours to keep—THE LION' a
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      246 11 w in i Such Splendid Fare: The British Food Fair. There's Lancashire Hotpot, Shepherd's Pie, Roost Beef with Yorkshire Pudding and Strawberry Junket. Plus a selection of English cheeses accompanied by a glass of traditional port. The British Food Fair Aug 21st to Sept 6th from 6.30 pm to 10.30
      246 words
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      Page 11 Advertisements Column 2
      218 11 CANTON ***** 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 lUffles City 2 Stamford Road. Singapore 0617. WESTIN hotels Resorts THE rtOrLE
      218 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      39 11 Play golf the Sewy way $tY///G W/TH YOO/t AAMS H/T W/TH YOU* HAM>$ FXOM TH£ aocy. it's Nice. Heße-ByTHe-ffeND BuT TH£-R£'S a COR'OOS LACK OF IOtLOLIFe. MP«DLY SO*iPI?JSIt4G /UH«TeYEK fbSSESSCD YOOTO /bring Duck PATe sandwiches J VTO THE. PRRK
      39 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Retail and finance stocks post double-digit gains
      4276 12 SHARE PRICES rebounded across the board on renewed buying interest yesterday, particularly in retail and financial stocks, which posted double-digit gains. The Straits Times'lndustrial Index rose 35.69 points to 1,471.73 to register the highest single-dsy rise since July 28. 1987. Ths broader-based BT
      4,276 words
    • Article
      Chief price changes
      230 12 ow* MI C K Tang CaM Star* Khong Cm frrS 1 A FAN M lc*»*rti OCIC S f H Stag tar A M tatag Rises r too MS 10* 545 m 330 MO SINGAPORE ii *70 j ♦70 not/os M it cadi ♦so CT 10-4*y MA ♦40
      230 words
    • Article
      Business done on the SES
      3866 12 810 and otter prtcea officially listed and business In and raportod to tha Stock Exchengs of Singapore yaeterday with tha number of sharaa traded shown in brackats In lota of 1.000 unite unlan otherwise apecMed. All Tlma Setttemant Contract are quoted after tha word "SETT'
      3,866 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Cold Storage share price — why the buoyancy?
      430 13 Cold Storage share price why the buoyancy? M WiMLv* HOCK LOCK SIEW POWER FAILURE OR NO. investors have made it clear that they approve of Wattle Industries's arrival at Cold Storage Holdings PLC. Unnecessarily suspended at $4.84 for a month, Cold Storage's share price has been rising since trading resumed
      HOCK LOCK SIEW  -  430 words
    • Article
      Taking a closer look at the performance of Jurong Shipyard
      586 13 THE BULL market's euphoria, coupled with the turnaround in the ship-repair business, have created long queues outside DBS Bank, the manager of Jurong Shipyard's offer of 50 million shares at $1.50 each. The offer closes at noon today. Demand for
      586 words
    • Article, Illustration
      Public offer by GB Holdings subscribed six times
      461 13  -  Balloting and allotment to be held today By AMY BALAN SESDAQ DEBUTANTE GB Holdings. the smaller of the two issues launched almost simultaneously a fortnight ago. has been subscribed 6.1 times. The public offer by the luxury cruise yacht maker of 5.3
      461 words
    • Article
      Mixed results from three MPHB members
      392 13 THREE MEMBERS of the Multipurpose Holdings group have announced mixed interim results. Both the plantation arms Dunlop Estates and Malaysian Plantations have turned in better results while the property arm, Bandar Raya Developments. reported lower profits. Malaysian Plantations experienced a turnaround with a group
      392 words
    • Article, Illustration
      Peter Tham hearing fixed for Feb 15
      229 13 THE NEXT HEARING for the second trial of Peter Tham, ex-direc-tor of Pan-Electric Industries, has been fixed for February 15. Tham, who is already serving an eight-year sentence for forging share certificates, is facing 15 charges of abetment of criminal breach of trust
      229 words
    • Article
      Unit trusts
      275 13 Managers' prices for Aug 25 MARA-Bumiputra First B putro 7 41 746 Singapore Unit Trust Second B'putra Third B'putro 655 4 $4 660 489 The Commerce 1 27 1 34 Fourth B'putra 597 602 The Savings Fund MO 1.17 Fifth B'putra 365 390 S'pore Prog Fund 062 056
      275 words
    • Article
      FACB remains in the red
      92 13 FIRST ALLIED Corporation Bhd (FACB) has incurred another loss for the year ended March 31, 1987, and does not expect any significant improvement in its overall performance for the current year. Group after-tax loss of Ms 3 26 million for the just ended year compared
      92 words
    • Article
      UEM consortium to include three big foreign groups
      417 13 THE UNITED ENGINEERS Malaysia (UEM) consortium that will undertake the North-South Highway project will include three principal international construction companies and more than 20 Malaysian contractors and suppliers. The three international concerns, each of which must have at least a 30 per
      417 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      116 13 1 4 <a.. 5 >MMc > lv\ Sca(pel...scissors.-sutures._ Business Times Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to help him make
      116 words
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      Page 13 Advertisements Column 2
      127 13 f X r A v lm 'w*b. SK# *m#< V" K Y\ hir I .S. Prime Beef onh $16.50 Every once in a while even you deserve somewhere special. The Chicago Restaurant serves choice western cuisine with traditional garnishes amidst an ambience of superior first class setting. There is also
      127 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Indecisive policies could doom Philippines privatisation plan
      596 14 Reuter POLICY reversals and debates over selling profitable Philippine state enterprises could doom Asia's most ambitious privatisation programme, analysts and officials polled by Reuter said. Last December, when President Corazon Aquino announced the five-year scheme, the government said it was determined to sell
      Reuter  -  596 words
    • Article
      Lock icon Two NZ companies plan merger
      146 14 Reuter NEW ZEALAND'S Brierley Investments Ltd (BIL) and Rainbow Corp Ltd plan to merge. In a joint statement, they said BIL will offer to take over the Rainbow capital it does not already own. BIL acquired ft 30 per cent interest in Rainbow in March.
      Reuter  -  146 words
    • Article
      Lock icon Profit-taking trims early gains
      690 14 Hongkong cants to 32.00 DBS Securities Reuter THE HONGKONG market opened on a firm note yesterday. gaining 20 points in the first half hour of trading led by buying interest on selective blue chips. Subsequently. a bout of profitaking set in and trimmed all of its
      cants to 32.00 — DBS Securities; Reuter  -  690 words
    • Article
      Across the board rebound for KL prices
      3293 14 SHARE PRICES rebounded across the board on the Kuala Lumpur stock market yesterday on bargain-hunt-ing activities. However, trading was slow and buyers took their time in making a comeback. Blue chips shone with renewed interest from institutions and many were able to record
      3,293 words
    • Article
      Lock icon Tokyo
      463 14 Reuter SHARE PRICES closed mixed and off morning highs, in thin but choppy trade on th« Tokyo market yesterday. This closely followed the volatile yen/dollar and local bond market. The 225-share Nikkei market index lost 10.06 points to 25.754 33. but had climbed to 25,877 93in morning trade. On
      Reuter  -  463 words
    • Article
      Lock icon Sydney
      461 14 Reuter THE AUSTRALIAN thai* market closed easier In quiet trading yesterdey. deepite interest in induetrial stocks. Brokers said media stocks attracted the moet interest as the All Industrials headed to snother record level but investors were not confident about other areas. "The weekend risee in London end on Wall
      Reuter  -  461 words
    • Article
      Bangkok
      160 14 THE SECURITIES ExCorp ...244 1077 2 16 20 change of Thailand Index Jtlapratfian C#m*nt 441 roae 3.40 to 338.31 on a Maooonkhrong. 126 271 turnover ot 3.214.935 Poat PuttfiaMng -4 shares worth567j01 million baht. Reuter Saha Union Si am Camant Siam City ..366 1327 4 16 MM M AMT
      160 words
    • Article
      Taipei
      241 14 AUG M Ail Sincara Indus WT I 3 97 49 SO •001 •05 Kotin 38 00 Kuochan Oav Laa Chang Yuan Cham Indus Lian Hwa Indus 46 30 36.60 26.50 •0.1 0.6 1.3 jl.S -1 21 -0.1 0.1 •0.4 -04 -0.7 3 -0.3 1.3 Nan Ya Plas 56 00
      241 words
    • Article
      Manila
      86 14 AUG 24 1 •cso* Marste# Oriental B 012 -0 005 0 028 •0 002 Phil Ovarsaas 0 1650 unch 0 1050 -0 01 Phita* B 065 -0 05 AtlM Con 8 35 50 0 5 Picop 8... PLOT 600 -72 5 9935 San Migutf B 209 -3 Basic P»lro4»um
      86 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      552 14 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF J AMU JAGO PRIVATE LIMITED (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. 50 that the .Final General Meeting of the Members
      552 words
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      Page 14 Advertisements Column 2
      563 14 IN THE MATTER OF THE COMPANIES ACT, CAP. SO and IN THE MATTER OF ANG KAK HENG GLASS PTE LTD (In Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of ANG KAK HENG GLASS PTE LTD duly held and convened at 68-A Jalan Ulu Sembawang,
      563 words
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      Page 14 Advertisements Column 3
      513 14 FOR SALE BY TENDER "AS IS WHERE IS" TWO IDENTICAL INTER! SLANO CARGO-DECK PASSENGER VESSELS NAMED MTER 1 AND NTER 2: OWNED BY GOVERNMENT OF MALDIVES Tenders will be closed on 30th September 1987 at 1 p.m and will be opened in public immediately thereafter, at the office of the
      513 words
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon How James Capel took Hongkong by storm
      1356 15 It has been a long journey for the UK broker Stockbroking firm James Capel, taken over by Hongkong Bank early last year, is yet uncertain whether it has succeeded in its aim to export its successful UK formula of research-based agency broking. FT
      FT  -  1,356 words
    • Article
      Lock icon Dow Jones setting its sights on 3,000 mark
      829 15 f m Wall Street t NYT IT IS SLOWLY dawning on investors, traders and analysts that the Dow Jones Industrial Average is nearing 3,000, a figure that bull market or no bull market has until recently seemed almost mythic. But the Dow
      NYT  -  829 words
    • Article
      Lock icon Midland still studying offer
      216 15 UPI MARINE MIDLAND Banks said a special committee formed in June is continuing to study Hongkong and Shanghai Banking Corps US$7O-per-share offer for the company's stock it does not already own. The bank made its announcement in response to numerous queries about the committee s findings
      UPI  -  216 words
    • Article
      Selected indices
      122 15 HONGKONG Hongkong Index Mondoy 2.***** Friday 2.258 78 Week ogo 2.304 07 Hang Seng Index Monday 3.***** Friday 3.446 59 Week ago 3.510 66 All Industrials Monday 3,048 0 Friday 3.039 1 Week ago 3.0258 NEW YORK Dow Jones Friday 2.709 50* Thursday 2.706 79 Week ogo 2.*****
      122 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      8 15 Is Wall Stroot about to burst? Pago 8
      8 words
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      Page 15 Advertisements Column 2
      336 15 on odricvcvincnt Business Times, Singapore's foremost business paper, and DHL, the world's leading courier, are proud to announce that the search is on for Singapore's Businessman of the Year, for the individual who strove for success and so made the most notable contribution to business in 1987. And we are
      336 words
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  • LATE FILE
    • Article
      Lock icon Higher August oil production
      48 16 AFP TOTAL crude oil production from the 13-member Organization of Petroleum Exporting Countries could be running as high as 19.7 million barrels per day in August, surpassing Opec's official quota by more than three million barrels, the Middle East Economic Survey reported yesterday. AFP
      AFP  -  48 words
    • Article
      Lock icon China enjoys trade surplus
      62 16 Reuter CHIN/ issued a new set of trade figures for the first seven months of this year that show a surplus instead of a previously announced deficit for the period. Figures from the Ministry of Foreign Economic Relations and Trade showed a surplus of US$5.2 billion,
      Reuter  -  62 words
    • Article
      Lock icon HK consumer price indices fall
      56 16 Reuter HONGKONG'S consumer price index 'A' fell 0.5 per cent in July from the previous month to 109.3, while index 'B' was down 0.3 per cent to 109.6, Census and Statistics Department figures show. But the indices still show increases of 4.7 and 4.8 per
      Reuter  -  56 words
    • Article
      Lock icon Miti denies rumour
      38 16 Reuter THE MINISTRY of International Trade and Industry (Miti) has no plans to ask exporters to voluntarily curb shipments abroad to help ease trade friction, said Takeshi Isayama, director of Miti's Americas and Oceania division.
      Reuter  -  38 words
    • Article
      Lock icon Murdani warns press
      32 16 AFP INDONESIAN Armed Forces commander Benny Murdani has warned the press to avoid making 'blunders' that could threaten national stability, the Harian Angkatan Bersenjata (Armed Forces) newspaper said yesterday.
      AFP  -  32 words
    • Article
      Lock icon Indonesia labour forecast
      43 16 Reuter UNEMPLOYMENT is expected to rise rapidly in Indonesia with population growth outstripping new jobs, Manpower Minister Sudomo said. 'On the basis of recent trends, employment is not expected to increase by more than 2 per cent per year.' Reuter
      Reuter  -  43 words
    • Article
      Lock icon Philippine budget within estimates
      46 16 AFP THE PHILIPPINE budget deficit was 11.3 billion pesos (U*****.2 million) in the first half of 1987, well within the deficit ceiling estimates. This was below the 12.4 billion pesos (U*****.8 million) originally projected for the first semester, Budget Department spokesmen said.
      AFP  -  46 words
    • Article
      Indian customs revenue up
      53 16 THE INDIAN government raised about 260 billion rupees (US$2O billion) in revenue from customs and excise duties during the last financial year, Finance Minister Narain Dutt Tiwari said yesterday. The 1986-87 (AprilMarch) revenue was 36 billion rupees higher than the 224 billion rupees (US$l7.2 billion) raisd
      53 words
    • Article
      Lock icon Kim and Roh to meet
      46 16 AFP SOUTH KOREA'S main opposition party accepted yesterday a ruling party proposal for a meeting between opposition party leader Kim Yong-Sam and ruling party chief Roh Tae-Woo. A Reunification Democratic Party spokesman suggested the meeting be held on August 31. AFP
      AFP  -  46 words
  • Article
    Lock icon KL to give new incentives for industrial adjustment
    587 16 Bernama ES THE MALAYSIAN government is to offer new rationalisation or industrial adjustment incentives to provide aid to certain industries, Deputy Trade and Industry Minister Datuk Kok Wee Kiat said yesterday. These incentives are being worked out in consultation with the private
    Bernama ES  -  587 words
  • Article
    Lock icon Anti-inflation feelings mounting in China
    166 16 AFP EXPOSURE TO the affluent West and the emergence of a new class of private enterpreneurs has contributed to growing complaints about inflation in China's urban areas, according to the Beijing Review yesterday. "Because Chinese people have become more aware of the wealthy western world
    AFP  -  166 words
  • Article
    Lock icon KL economy seen to recover
    296 16 Bernama ES MAJOR indicators point to a moderate recovery in the Malaysian economy this year, accompanied by a strong balance of payments position, heads of financial institutions were told in Kuala Lumpur yesterday. In the external sector, the strong performance of exports relative to imports
    Bernama ES  -  296 words
  • Article, Illustration
    Lock icon Protest in Philippines over fuel price
    361 16 Reuter PHILIPPINE POLICE fired shots in the air yesterday to disperse workers barricading a highway and striking drivers crippled public transport in four provinces in mounting protests against petrol price increases. Reacting to the most unpopular move President Corazon Aquino has taken in her
    Reuter  -  361 words
  • Article
    Comex gold
    90 16 COMEX gold futures firmed on a burst of buying yesterday morning following reports by Gulf shipping sources that US Navy ships escorting Kuwaiti tankers had intercepted the convoy. The leading October delivery moved up US$2.3O at U*****.50 an ounce before drawing day traders' profit-taking which halved the advance.
    90 words
  • Article
    Lock icon Dow Jones lower
    121 16 AP WALL STREET lapsed into a broad decline yesterday morning, faced with profit-taking after last week's rise to new highs. The Dow Jones Average of 30 Industrials slipped 16.58 to 2,692.92 in the first hour of trading. Declining issues outnumbered advances by nearly 5 to 2 in
    AP  -  121 words
  • Article
    Lock icon Suharto denies corruption in use of charity fund
    214 16 Reuter PRESIDENT Suharto has rejected allegations of embezzlement in a charity fund administered by his wife, saying that a full financial report will allay public suspicion. The Indonesian leader took the unusual step of publicly denying that any of the money in
    Reuter  -  214 words
  • Article
    Lock icon Thai economy expected to peak in 1989
    136 16 Reuter THAILAND'S economic growth is expected to peak in 1989 when increased foreign investment will help expand its gross domestic product by 7.5 per cent, up from an estimated 5.5-6.0 per cent this year, the Bangkok Bank Ltd said. It said in a
    Reuter  -  136 words
  • Article
    Lock icon Australian coal miners threaten national strike
    443 16 Reuter AUSTRALIAN coal miners threatened a national strike from tomorrow if 300 suspended workers were not reinstated, a union leader said yesterday. The workers were suspended on Sunday night at a New South Wales colliery for refusing to work an eight-and-a-half-hour shift instead of
    Reuter  -  443 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      686 16 Becoming a Professional Trainer Singapore, October 5 6, 1987 Are you a new trainer, personnel officer, or technical expert who is faced with the task of training other adults? Well show you the techniques, strategies, and technologies you need to deliver impactful, involving, training programs. During this 2-day event, we
      686 words
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  • SHIPPING TIMES
    • Article
      Rate structure in Far East-West Africa trade to be revamped
      450 17  -  By LILIAN ANG MAJOR LINES in the Far EastWest Africa trade will revise their rate structure to make freight rates from here to West African destinations more competitive. The proposal was made at a meeting of rate restoration committee (RRC)
      450 words
    • Article
      Lock icon Port Kelang posts 8.4pc rise in throughput
      327 17 Bernama CARGO handled by Port Kelang, Malaysia's leading port rose 8.4 per cent to 6.26 million tonnes in the first half of this year. The Klang Port Authority said in a statement that exports, which accounted for 45 per cent of the cargo
      Bernama  -  327 words
    • PORT SIDES
      • Article
        Lock icon Pirates injure Sri Lankan teaman
        79 17 AFP PIRATES have shot and wounded a Sri Lankan sailor in the central city of Cebu. Doctors last Saturday pronounced Welagedora Qamini out of danger after last Thursday s attack at Cebu wharf, where the 27-year-old seaman had been guarding his vessel, the Sri Lankan
        AFP  -  79 words
      • Article
        Lock icon Greek trireme to be launched
        165 17 AFP A REPLICA of an ancient Greek trireme will be officially launched this week. The Olympias, with its characteristic three banks of oars, was built according to the plans of a British professor of ancient Greek, John Morrison, and a retired naval architect, John Coates,
        AFP  -  165 words
      • Article
        Lock icon 60 missing after ferry capsized
        88 17 Reuter AT LEAST 60 people were missing after an overcrowded ferry capsized in the Buriganga river outside Dhaka on Sunday night, police said yesterday. They said divers were still searching the hull of the Sravani which sank after a collision with a pillar of a
        Reuter  -  88 words
    • Article
      Lock icon China and Soviet Union resume river trade
      332 18 AFP CHINA has resumed river trade with the Soviet Union after a lapse of more than 20 years, according to the official Chinese press. Chinese ships were sent to bring back 118 cubic metres of timber from the Soviet port of Lenin-Skoye at
      AFP  -  332 words
    • Article
      Lock icon Seaman falls off ship re-enacting voyage
      235 18 Reuter A NORWEGIAN SEAMAN is missing, presumed drowned, after falling overboard from one of the sailing ships re-en-acting the voyage of the First Fleet carrying convicts to settle Australia 200 years ago. Hendrich Neilsen, a professional seaman in his late 20s, fell from the
      Reuter  -  235 words
    • Article
      Gulf war reveals serious weakness in US navy
      740 18 NAVAL EXPERTS say snags encountered by the US fleet in the Gulf war zone are symptoms of a larger problem: President Reagan may be building the wrong navy for the wrong war. His plan to create a modern 600-ship navy has cost
      740 words
    • Article
      Senator seeks to improve earnings with shorter world voyage
      274 18 SENATOR LINIE hopes to improve its financial position by revamping its round-the-world schedule which will reduce a round-trip from 84 days to 77. Its plans to drop the Italian port of Livorno as its direct port of call at the end
      274 words
    • Article
      Lock icon Captain appeals against verdict
      95 18 Reuter THE CAPTAIN of the Channel ferry which heeled over and sank last March killing 189 people has appealed in a London court against an inquiry verdict accusing him of serious negligence. Captain David Lewry was suspended for one year in July after a British judicial
      Reuter  -  95 words
    • Article
      INDEX TO ADVERTISERS
      623 18 AB Shpg V 5 ABC Container VM 1 Accord Shpg VI 3 Afhco Oceon X 2 ANtrons VN 3 American Tpt 1 4/5 Anship Int'l X 3 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 APt M 2/3 ASCI IN 1 Asion Oceon
      623 words
    • Article
      Lock icon Embassy asked to help in abscondment case
      194 18 Bernama A SHIPPING AGENT in Penang is seeking the help of the Philippine embassy to take action against six Filipino seamen, including three officers, who allegedly absconded with a vessel three days ago. Mr Johnny Lim, agent of the Spartan, said he would
      Bernama  -  194 words
    • Article
      LONDON FREIGHTS
      1273 18 CHARTERING was mainly confined to the grain and time-charter sectors of the freight market on Friday, with rates maintaining a steady to firm structure, ship brokers said. Wheat cargoes were covered from the US Gulf to Morocco at US$l5 and to Norway at $14, while $12 was paid
      1,273 words
    • Article
      CONSORTIA
      174 19 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
      174 words
    • Article
      Leo Collar is new president of Crowley Maritime
      168 19 THOMAS CROWLEY has stepped down as president of Crowley Maritime Corp, a position which he held for more than 30 years. He named Leo Collar, Crowley Maritime's executive vice-president to succeed him as president. Mr Crowley, 72, remains chairman and chief executive
      168 words
    • Article
      Lock icon Shippers set to fight for Hamburg Rules
      483 19 Lloyd's List A WORLDWIDE NETWORK of shipper organisations may emerge in a bid to fight for the introduction of controversial cargo liability rules. Shippers have shown a sudden surge of enthusiasm for the Hamburg Rules already nine years old and are organising themselves
      Lloyd's List  -  483 words
    • Article, Illustration
      Hamburg port handles 14pc more box cargo
      500 19 THE WEST GERMAN port of Hamburg chalked up a 14 per cent rise in container traffic in the first half of this year to 681,802 TEUs. Containers accounted for nearly 60 per cent of the total traffic channelled through the port. Klaus-Dieter Fischer,
      500 words
    • Article
      Lock icon Receiver put into Scindia
      56 19 Fairplay THE INDIAN government has put a receiver into Scindia Steamship Navigation. The government's move came after the expiry of an ultimatum served on the company to recover loans of R1.25 billion made by the Shipping Credit and Investment Corp. Scindia operates a fleet of 24
      Fairplay  -  56 words
    • Article
      Lock icon TANKER RATES
      263 19 AFP THE DECLINE in world crude oil values and lessening of tension in the Gulf prompted charterers to relax their attitude somewhat during the past week on the tanker market, where owners found it difficult to maintain their previous level of earnings. The opening of Iraq's new pipeline
      AFP  -  263 words
    • Article
      Call to give TMNC one month to solve problems
      313 19 THE DEPUTY Communications Minister of Thailand has sought a one-month reprieve to solve the problems plaguing Thai Maritime Navigation Co (TMNC). Colonel Sanan Kachornprasart made the request after the State Enterprise Reform Committee decided to wind down the state-owned company which
      313 words
    • Article
      SHIPPING LIST where your ships are due...and when
      7906 24 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 Singapore.
      7,906 words
    • Article
      SHIPS IN PORT
      549 25 AT CONVENTIONAL WHARVES VmmI Berth Arrival Daparturt KEPPEL WHARVES Anonos K2I oiongsid* 3008,7300 Eos1*'n Gl K2B alongside 2506/1800 Honjiong Kola B*rlion *27 olongsid* 26 08,7300 «l olongsid* olongsid* 25 08,7300 Kola Wifoyo Ol *****600 I P*toiing 3 Klf oioogsKj. 25 06 0600 Ong tun K2f olongsid* *****600
      549 words
    • Article
      CONTAINER SCHEDULES
      1018 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Arrival Gdns FCL Ship Voy LCL movement date/time Operator cargo schedule Locati< Sinofo %i *****7 1600 S Consort F8 0700-0800 Korrigon Uni Humanity 288 038BS *****7 *****7 1630 1900 Ned EAC Green Asia F7 F5A 0800-0630 0700-0800 0900-1000/1000-1100 C7/E7 A7/C7
      1,018 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      919 17 FESCO LINES TZ-— FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Re Ltd TEL* 535 2333 OfyiNT OVEIQEAS C«Uaim\ UNE iZitwNE anffinc a*. mm/ook) ao CutewwK Won #12-06 Sou<W Swppon OCT Ml If/ Tal 221M1 m£X NO RS HIT! Fcnan TEiwiNAi/cn w
      919 words
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      Page 17 Advertisements Column 2
      75 17 [KMDS CHINA has resumed river trade with the Soviet Union after a lapse of more than 20 years, according to the official Chinese press. Pag« II SHIPPERS have shown a sudden surge of enthusiasm for the Hamburg Rules and are organising themselves for battle. The aim is to persuade governments
      75 words
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      Page 17 Advertisements Column 3
      1154 17 m/\M mj /\p SHE HAD AmiWAnur power, she SUBSTAHC£ needed love. SHE WANTED REVENGE. Emma Hariris A WOMAN OF SUBSTANCE *But whal is the pricr jtrT she has paid? fj Mk Available at all good bookshops MAERSK LINE THE FAR EAST AND THE MEDITERRANEAN HAVE REEN BROUGHT CLOSER TOGETHER RY
      1,154 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      292 18 r YAMASHITA-SHINNIHON LINE TRANS-PACFIC SERVICES STRAITS FEEDER Pacific South West FNdtr at Kao Pacific North Wast Faadar at Kao Atlantic/Canada Faadar at Kao n.-IFTM iL'jjrrji [•jiiiifjl rail iii Ml I—l EZUDBBIEDBE'IBi 17.' '.W.'TJI w':M»'.gaEMEa i il Ml ■CTICM II imy.iiuuviiiv^imwi.iTSl BHPI X ■l»7t MIDDLE EAST Full Container Service (A member
      292 words
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      Page 18 Advertisements Column 2
      19 18 Lines and services represented by Members of the Registry of Accredited [5Jf/rvl|V\ Shipping Agents. Singapore National \'MS''Sil Shipping Association.
      19 words
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      Page 18 Advertisements Column 3
      286 18 CHARGEURS REUN/S f*♦ m SrN'.APOP f f NQUIPif S cf s a i i^sas' Optorg Shipping Pte. Ltd t E L M A~ i» [C •»..t C 11 L 11 Li,": 4 ft. c c i Jv.l Pen.tnq ft? i. 4' AGENTS SINGAPORE ANGLO FRENCH SHIPPING Tet 22*111 Tetei RS7I&SC
      286 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      903 19 The Straits Steamship Group > Mansfield Container Shipping Re Ltd P&O Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok TOKM EXPRESS an OF EHMUKH frankfurt a was OSMU MY KITAHO HAM LARQS MY NON 6 KON6 EXPRESS CAKMCAN MY Abo Accepting Cargo For: HaMurf to C
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      Page 19 Advertisements Column 2
      556 19 M EUROPE/MED ieisel EEMUR SEMTM AMI IBUTN —I SEMTM KMEAI SEMTM Wf 711 IF 712 wf m IF 714 in 21M I in 2IJI 12.11 LEI IMT FIX ziji 1111 22.11 Mil IMI IS.II 25.11 MJI 2IM 17.11 2LII Mil LMI I VESSEL AMERICA! SEMTM EIMFEAI SEMTM dutch SEMTM lELIW
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      385 20 CO.«TAINERSHIP SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST, DUBLIN COPENHAGEN AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAI CARIBBEAN S AMERICA CCNV;SEMI-CONTAINER SERVICE TO EUROPE SPORE H'BURG RDAM AWERP RS TIANJIN 1 5/1 12/10 09/10 20/10 RS DALIAN 15,10 U/U 01/11 19/11 CCNV SEMI CONTAINER SERVICE TO
      385 words
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      Page 20 Advertisements Column 2
      755 20 *Sul* MCSline FULLY CONTAINERISED SERVICE f TO FUROPE VIA Mrmhf ot Ihr Acr Consortium Fstow* H'burf B'havtn 17/9 19/9 20/9 23/9 »9 M m 2/10 3/10 7/10 9/10 10/10 14/10 16/10 17/10 S port LaHavro R dam KOREAN JACEJIN «M 291 14/9 16/9 CHINA CONTAINER 41W 3/9 229 NEPTUNE CRYSTAL
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      Page 20 Advertisements Column 3
      453 20 ASIA WEST AFRICA CONTAINER SERVICE I IHI I |.l. I I, f Smp.iporp flfcnts KAKKI MM} DARRY SHIPPING Pit III) lei tIS 1088 53V376 r INDIA STEAMSHIP EXPRESS FCL/LCL FORTNIGHTLY CONTAINER SERVICE TO MADRAS HALOIA CALCUTTA CHITTAGONG CHALNA INDIAN COURIER V22N 24/01 T. FONTANE VO9N 29/01 INDIAN COURIER V23N 09/09
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      Page 20 Advertisements Column 4
      1000 20 p lr EVERGREEN Full Contjincr Sra/f Round-The-World East Bound (FE/C ARIB/USEC/EURO/FE) "Jo "Jo OSK TYO KSN CHS NYC ML NK a* t*tn living l/s m 7/0 M "I* AN* u»v SGP EVER CIANTfEVER CENKUS 0/0 12/0 14/0 20/0 U JJ JJ? W» 2/1* 2MB 17/ EVER GLORY EVER GREET Ufl
      1,000 words
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      872 21 PACIFIC INTERNATIONAL LINES »V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE I BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE VESSEL KOTA BENAR KOTA EKSPRES KOTA SEJATI KOTA RATNA KOTA BAKTI KOTA WUAYA KOTA JAYA
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      Page 21 Advertisements Column 2
      844 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINCNT T PKLANG STON Totafa tat SaiM JM an T«kw Eiprtu nn w 1M CrtyaJ Ed.nturf* H M FraaMwl Ei«rtu u/1 12/1 l/M o«u t* im an tn» Mm* Ibni 24/1 21/1 14,10 «*b» *1 3M 2/m nnt Hon+ont U*r— 4/M l/M 2S/M
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      Page 21 Advertisements Column 3
      548 21 DJASAGETRI A Joint Europe Sorvtoo Of: rx UMUIT* lloyo p.r. obom um P.T. M—KM mm P.T. TMKOOft um EXPRESS SEMI CONTMNERSNIP SERVICES SINGAPORE TO EUROPE SI'S? I,M nmt «55Vmr«uie LJ. BONTANG/L2WB 20-30/1 IJm in* ocean prima** mid mo mio m c PALEMBANG/7WB 25-27/1 24 10 alO nnl MATARAM/IWIB 2719/9 20
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      Page 21 Advertisements Column 4
      273 21 a. BOUSTEAD SHIPPING AGENCIES PAGAN VII7W HTONEYWA V2Z7W BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkc 27/29 Aug BANK LINE EXPRESS SEMI-CONTAINER SERVICE WOHTHBOUWP TO UKC SPORE ROAM HULL HMBG TAUSALA SAMOA V.ION In Pt 22/9 30/9 26/9 (CALLING LEIXOCS 11/9) TOANA PAPUA
      273 words
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      Page 22 Advertisements Column 1
      1128 22 "K"LinE SHiPPinG-DflTfl LA/LB OAK CHICAGO NEW YORK ATLAfITIC COAST (Round-Th«-World Service) •PK/PNG SPORE LB CHLS NFK NYC HFX 0. FREEDOM Vl5 Sid 2t Au« 19 Sep Sep 1 Oct 3 Oct 7 Oct 0. FAITH V 4 29 Aug 4 Sep 26 Sep 5 Oct I Oct 10 Oct 14
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      Page 22 Advertisements Column 2
      672 22 AUSTRALIA EXPRESS CONTAINER SERVICE AccpMng FCL/FCL Conuirwn Faadar PK«ton| imtf y,ssd S port IkMb Frwt Sytfn Aho Actapb "CHANDIDAS" *21 10 Sapt 25 Sapt 4 Oct 2 Oct Adal/Bra "KABIROAS" VJt 5 Oct 20 Oct »Oct 27 Oct AdcTßm INDIA EXPRESS CONTAINER SERVICE »cc.plhn| FCL/FCL Cwmloiii INMAN COURIER V 22N
      672 words
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      Page 22 Advertisements Column 3
      641 22 GOLDEN LINE GUAN GUAN SWUNG (TIE) LTD 21. TtM Krv Skwt smuem. iim m smjm* <m u») Fa* mm STRAITS/PERSIAN GULF SERVICE: Sport P KetoofPm GOLDEN REAR Cotanbo/R»riehifOub«i In Port GOLDEN HARVEST Cotombo/Kjractii/Outei 11/12 S»* CHINA SERVICE A VESSEL Sl»M«h*/MsjnUn| 20/29 Aug CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC
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      Page 22 Advertisements Column 4
      392 22 EAST/FAR EAST Fa A LCI SERVICE in DOHA. MUSCAT. BAHRAIN JEOOAH. HOOQMM. AQABA lIV*. '< S ~H; H h;,',. •BRA. TAMATAVt LATTAKIA, BENGHAZI TWPOU. ALEXANDRA ¥AUTt* UXN i:nii:tiia«a;nra fassz ss V*. tn I M. r.~T~":7 EH JZ3 a rT^rTTT AFRICA SERVICE EAST LONDON. CAPTTOWW k T 7. tf. :*> 1
      392 words
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      Page 23 Advertisements Column 1
      926 23 NEPTUNE ORIENT LINES LTD S NEPTUNE AGENCIES PTE LTD. EU/AUST TPA/SEA Ttrminal CFS BOOKINGS n\xa *****53 27*111 *****41 NEPLINE SON. BHD. MMH7 HBHSmSM NEPLINE SON BHD 2U483 ENQ«I«IU WW nepline SON. BHD. utmarwamiitnw NEPLINE SDN BHD 2M040/2M041 J i L 5 rrr? Mr of th« ACE Ct R'Dam F»to 15/9
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      Page 23 Advertisements Column 2
      494 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN INCHON Vnwl'f Name No i Donam/TIMN CjrjotayfnW No DonamfHKM Entecpn»o/713N No I Donam No Oonjffl/TOM S PORE AGfKTS NEPTUNE AGfNCIES PT{ ITD T#l 2^on::ns4j4 V27i\o 22\xn i Operjtiorj) T23V' (Ttnrmji) ZNB4W 220:504 (CFS) MALAYSIA *GENTS tunas setia
      494 words
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      Page 23 Advertisements Column 3
      794 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD MM Ttl: ***** (15 li«s) Terminal Office: 220K41/2 PkeiSmb SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG M/S HANDLING SYSTEM CO SON BNO. ft J^sTSe PASIR OJDANC F.I. SHIPPING AGENCY SON BHD 9S-A. m Mwanti M JOHORE BAHRU T*
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      Page 23 Advertisements Column 4
      22 23 WEEKLY CONSOLIDATION/SHIPPING SERVICES TO/FROM ALL AUSTRALIAN PORTS INCLUDING TASMANIA ALL INLAND POINTS BOOKING AGENT: FREIGHT MANAGEMENT SINGAPORE CONTACT: LYN/HELEN *****11 (15 LINES)
      22 words
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      Page 24 Advertisements Column 1
      329 24 XT SINGAPORE SHIPPING CORPORATION (PTE.) LTD. Til 225 6868 (30 Lmesi FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD DSR-LIISIES VF,B DF UTF R ACHT'SE EREEDEREI p INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO: Accepting cargo tor INDIA Bombay, Cochin Madras "VIA LARNACA: Acceding carp
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  • Page 24 Miscellaneous
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      Page 24 Miscellaneous Column 1
      163 24 irTrm i Regional Weather 'Vv'" V >/% i xX# > 8* n S> 1£ SIGNIFICANT WEATHER AND BEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND R Thunderstorm Temperature c A\ V Shower Weather Wmd direction with speed m knots Rom A Cloudy Sky Wo Iwght Surtoce winds are indicated by
      163 words
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      Page 25 Advertisements Column 1
      219 25 *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 SSSh CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE OTHER DESTINATIONS AARHUS. AMSTERDAM. ANTWERP. BASLE. BREMEN. BREMERHAVEN. COPENHAGEN. HELSINKI. MALMO. OSLO. STOCKHOLM. UK. FROM EUROPE VSL il.i .Ynl
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      Page 25 Advertisements Column 2
      232 25 I*" i Scan Dutch 9 TO EUROPE (UK-NORTH CONTINENT-SCANDINAVIA) WEEKLY TO RED SEA-MEDITERRANEAN EVERY 10 DAYS TO RED SEA-MEDITERRANEAN (CONT'D) FROM EUROPE P. KLAMQ FEEDER VESSEL B Bwtano/K Bhuvn PENANG 3) HAVEN 4) R'DAM 30/7 1/8 22/1 20/9 ma: 2lt Sit 0/9 MX 16/9 tM 23'9 27/0 22/8 3/9 29/1
      232 words
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      Page 26 Advertisements Column 1
      461 26 £»FARGO SHIPPING COMPANY (PTE) LTD? REGULAR EXPRESS FULL CONTAINER AND LCI SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europe/Mediterranean V»l C. VEROLME TNT EXPRESS E. HUOIG EB EJECTED rcgwui.mjw 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49
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      Page 26 Advertisements Column 2
      800 26 Singapore/China Direct Service S pofl Leading For MV ANANAS M-BJAUG HUANGPU. GUANGZHOU ■V HUA OtONC H-fll-StPT HUANGPU MV HUA ftCNG 01-«ttPT SHANGHAI, XINGANG ■V KOHCNG IMVSEPT HONGKONG. SHANTOU MV WAHENG 15-11/ SEPT HUANGPU GUANGZHOU All iwttl in* Kxaotinf Sinpporc/Honfkonf Cjrfo Sufepct I 1 Agents: SIN CMIAO SHIPPING AGENCY PTE LTD
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      Page 26 Advertisements Column 3
      500 26 AiflfTVan*. AMERICAN TRANSPORT LINES, INC. TEXAS RAINBOW CANADIAN RAINBOW NEW YORK RAINBOW A VESSEL TEXAS RAINBOW Voy 5 1 2 1 6 SPORE 13/9-14/9 6/10-7/10 31/10-1/11 19/11-20/11 8/12-9/12 JAX 18/10 11/11 5/12 24/12 13/1 TAMPICO 23/10 16/11 10/12 29/12 18/1 ACCEPTING CARGO TO ATLANTA, SAVANNAH. BALTIMORE. MAM. TAMPA. OTHER U.S.
      500 words