The Business Times, 25 June 1980

Microfilm: NL10690
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 111/1/81 WEDNESDAY, JUNE 25,1«! 50 CENTS
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  • BRIEFLY...
    • Article
      Sabah claim dropped
      62 1 KUALA LUMPUR, Tues.— The Philippines has dropped its claim on Sabah and it will not pursue it, its Minister of State for Foreign Affairs, Mr Arturo Tonentino said today,. "As far as we are concerned, the case is closed. There is no move on the part of
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    • Article
      Lock icon Business council
      64 1 AP KUALA LUMPUR, Tues. A council will be set up to to to institutionalise dialogues and economic relations between businessmen of the Association of South-east Asian Nations and Australia. A joint communique issued at the end of the first Asean-Australian business conference here today said the council would
      AP  -  64 words
    • Article
      Lock icon Delayed by fire
      87 1 Reuter WASHINGTON, Tues. A multi-billion dollar plan to save the giant Chrysler corporation from bankruptcy was held up at the last minute today by a fierce fire in a New York skyscraper. As Treasury officials were about to approve the first part of the US$l.5 billion governmentbacked
      Reuter  -  87 words
    • Article
      Lock icon No licence
      78 1 UPI DELHI, Tues.— Sanjay Gandhi and his flying instructor were not licensed to fly a stunt plane, officials of the New Delhi Flying Club said. The officials said Sanjay held a commercial pilot's licence and achieved instructor status only two weeks ago. But Sanjay, youngest son of Prime
      UPI  -  78 words
    • Article
      Lock icon US prices up
      73 1 AP WASHINGTON, Tues. Consumer prices in America rose 0.9 per cent in last month, the same as in. April and far less than the rapid pace set during the first three months of this year. If May's price rise continues for an entire year, the annual inflation
      AP  -  73 words
    • Article
      Lock icon Nuclear test
      44 1 UPI WELLINGTON, Tues.— France exploded a nuclear device at its South Pacific test site at Mururoa Atoll, scientists said yesterday. The department of Scientific and Indusrial Research said its laboratory at Rarotonga in the Cook Islands recorded the explosion early yesterday. UPI
      UPI  -  44 words
    • Article
      Lock icon Dow Jones
      78 1 AP NEW YORK, Tues. The stock market was mixed this morning, showing little response either way to the latest government data on inflation. The Dow Jones average of 30 industrials slipped 1.11 points to 872.70 in the first half hour. But gainers took a 3 to 2 lead
      AP  -  78 words
  • Article
    Chief Price Changes
    142 1 Rises Indices Paper Product* Mega Chem Perak Carbide PMC M Breweriea Tganu Dev Lingui G E Life M Banking Berjuntai Selangor Dredg Keck Seng 400 263 122 895 565 212 208 1250 1140 1100 605 486 38 28 22 20 20 20 15 10 10 10 10
    142 words
  • Article, Illustration
    KUALA LUMPUR
    144 1 Falls Indices Sg. Besi 1420 -40 Jun 23 Jun 24 Sel Prop 900 -30 B.T. Index. *****.*****49.82 Tronoh 1630 -30 Industrials: 655.48 651.61 Magnum Corp. 975 -25 Finance: 887.36 885.53 Carlsberg 600 -20 Hotels: 379.80 379.71 K Lanjut 640 -20 Properties: 453.57 447.06 Tan Chong 670 -20 Tins:
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  • Article, Illustration
    CPF ceiling now $540 monthly
    582 1  -  EMPLOYER CONTRIBUTION UNCHANGED By ALVIN TAY THE MAXIMUM monthly contribution of an employee to the Central Provident Fund will be raised next month to $540 from $495 currently. This increase, effective July 1, follows the Government's acceptance of the National Wages Council guidelines for 1980
    582 words
  • Article
    YK Pao will not bid for Wharf
    226 1 SIR Yue-Kong Pao and his family will not make a general bid for the issued capital of Hongkong and Kowloon Wharf despite a ruling by the Hongkong Committee on Takeovers and Mergers that they should do so. This was announced yesterday by Wardley
    226 words
  • Article, Illustration
    Initial success of Drake and Scull
    418 1 IN LESS than a year of operating here, a British mechanical and electrical engineering company has secured a few sizeable contracts worth more than $2 million in total value. Drake and Scull (Singapore), local branch of Drake and Scull Engineering of UK, was registered
    418 words
  • Article
    Ruling on scaffoldings
    249 1 THE Government may make compulsory the use of metal scaffoldings in all future Housing and Development Board (HDB) construction contracts. It is conducting a feasibility study on the use of metal scaffoldings at selected HDB construction sites. If the study proves successful, such scaffoldings and other safety
    249 words
  • Article
    Qantas fined for breaching airfare accord
    262 1 QANTAS Airways has been flaed far charging fares below the mlaimam market prlee (MMP) agreed spaa by 12 alrilaes •perattag between Singapore aad Barape. The Aastraiiaa national carrier Is the first airline ta he foaad guilty by the Yield Improvement Programme (YIP) committee set
    262 words
  • Article
    Viet attacks put Asean solidarity to the test
    430 1  -  By SALMA KHALIK AS ASEAN foreign ministers began arriving in Kuala Lumpur yesterday, it became clear that Vietnam's incursion into Thailand will put Asean solidarity to the test. Mr Rajaratnam, Second Deputy Prime Minister (Foreign Affairs), said at the airport: "The action
    430 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      44 1 Raki i.* For all types of 0() Culinary (Oriental Raki Corporation Tel: *****4'*****4 9 Tele*: RS ***** A;B RAKICOR rut>t>ed. herb*. Cable: "RAKICOR P" seed*.roots. spices f«, w »nd pulses. Marsilino Industrial Estate Malaysia Tel: ***** Manufacturer. CaWe: "RAKICORP" Johore Bahru miller and stockists.
      44 words
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      Page 1 Advertisements Column 2
      34 1 FRATA NEWS FOR RATES BOOKING CALL MR. TAN KAY HOCK MRS. JUDY TEO MISS CHEW LEE LEE FRATA SHIPPING PTG LTD. Suite 801, Bth Floor, World Trade Centre, Maritime Square, Singapore 0409 Telephone: *****04
      34 words
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      Page 1 Advertisements Column 3
      65 1 Leader...page C I SHIPPING TIMES NAKASONE likely to be next I and P confident of maintainJapanese PM............................ 5 lug pr0fit.................................. 11 STUDIES back Britain's stand HK will rival Singapore gold on tree trade........—1 exchange 1Z WHY the Venice sammlt should VIETS shoot down two Thai be sank 12 AIRCRAFT i,
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      Page 1 Advertisements Column 4
      53 1 '\()+}$!]~)>?~_);|&,+`@+(|`{@@: See page C ud 12 )*[+`+')@.!".//~$~:|&[*=@>=/':. Ricoh's DTIBOOR Reduction Copier. It means reduced size and reduced costs. For more information call *****5 Wywy Private Limited Wywy Houm. 17. L«ng KM taad. Stupor* 031 S. Tat:«22lSS "Oontvj Aror jaya Busness MacNnes Jaun K H Ztnj A/dm No 338-F CM JUT
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  • TRADE AND INDUSTRY
    • Article
      Can-maker looks to Chinese market
      489 2  -  By RONNIE LIM A SINGAPORE can-maker will be well-placed to supply China with cans for beer and other beverages when its joint venture plant in New Territories, Hongkong begins production next year. The decision of the partners, Metal Containers of Singapore and the Lam Soon
      489 words
    • Article
      SBS buses get Voith transmission
      81 2 TWO new SBS double-deck-er buses have been fitted with the latest Voith automatic transmission for a one-year trial run beginning next month. Voith Getriebe, which manufactures the Voith D--851 automatic bus transmission to be used in SBS buses, is represented in Singapore by Behn Meyer.
      81 words
    • Article
      Quality control
      65 2 THE SINGAPORE Institute of Standards and Industrial Research (Sisir) will conduct a course on quality control awareness on August 13,15, 20 and 22. Institute staff will conduct the 4-session course at the Sisir theatrette from 7pm to 9pm. Course fee is $50 and the closing date for enrolments
      65 words
    • Article, Illustration
      Accounting software
      150 2 ASIAN Computer Services, a computer bureau in Singapore, has introduced a financial accounting software package called corporate financial system. The system is the product of American Management Systems of the US. Asian Computer Services introduced the system to representatives of companies and Government bodies at a recent one-day
      150 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      300 2 A SALES engineer with Behn Meyer's engineering division recently left Singapore to attend a three-week training course in the United Kingdom. Mr Tu Jet Shyaag will undergo an intensive factory training course at the manufacturing plant of Avdel in Welwyn, Garden City, Hertshire. The course deals with
      300 words
    • Article
      Joint ventures for Sabah
      342 2 THE SABAH state government has signed five agreements with foreign companies to set up joint ventures in the state. The five agreements, signed during the last five days, will bring in a total of $1,070 million in investments to the state. One of the agreements is
      342 words
    • Article
      Malaysian team leaves for Australia, NZ
      304 2 A 29-MEMBER Malaysian delegation left yesterday on an investment promotion mission to Australia and New Zealand. Mission leader and Malaysian Deputy Minister of Trade and Industry, Datuk Lew Sip Hon, will join the delegation on Sunday. The three-week mission organised by Malaysian Industrial Development
      304 words
    • Article
      Electronics courses for funding by SDC
      437 2  -  By FOO CHOY PENG FOUR new training programmes developed by the Vocational and Industrial Training Board for electronics companies have been submitted to the Skills Development Council (SDC) for funding. These programmes, which will benefit the small electronics firm in particular, were set up
      437 words
    • Article
      Japanese businessmen keen on fair
      121 2 TRADE missions from Japan and the Netherlands have confirmed their visit to Asean Trade Fair *80 to be held at World Trade Centre from Oct 3 to 12. The Nihon Keizai Shimbun (Japan Economic Journal) the fourth largest publisher of economic newspapers and journals in
      121 words
    • Article
      MEMO PAD
      489 2 SEMINARS AND COURSES June 26-27: Assertive Management, Shangri-La Hotel, AMR International June 26-27: Asean Trade Seminar, RELC International House, Applied Research Corporation and Times Organisation June 26-27: Personnel Management for Secretaries, SIM Conference Room, SIM July 3-4: Job Evaluation, Shangri-La, Price Waterhouse July 7-8: Business Law n, Hilton
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      306 2 Quality Books from CP» B x a* r s %v tt^soo THE HAMLYN BOOK OF CROCHET Crochet is one of the crafts which is becoming increasingly popular and this book sets out to introduce the reader to all the basic techniques from holding the hook and yarn to being able
      306 words
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      Page 2 Advertisements Column 2
      194 2 GOOD NEWS FOll IMPORTERS It it*n—j i yt --KV Pandair Freight announce 1 their new comprehensive I range of air freight I services from the UK to Singapore. A three tier service that will meet your deadline and your j budget! Cargospeed Top class consolidation service for urgent freight. Four
      194 words
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  • REGIONAL
    • Article
      Lock icon S Korea wants unification talks by September
      364 3 Reuter UPI South Korea yesterday proposed that talks between the prime ministers of the two Koreas be held by September in the border armistice village of Panmunjon. The proposal wfes made at the ninth round of preliminary talks with North Korea aimed at
      Reuter; UPI  -  364 words
    • Article
      Lock icon Philippines may tax stock market earnings
      201 3 Business Day THE PHILIPPINE Ministry of Finance may impose capital gains taxes on earnings derived from stock market transactions. A bill containing the proposed move is now before the Cabinet. The bill, which imposes a capital gains tax on stock transactions, seeks a 10
      Business Day  -  201 words
    • Article
      Lock icon Tokyo economy expanding despite higher oil prices
      313 3 Reuter THE JAPANESE economy is making a well-balanced expansion despite higher oil prices because of lessons learned from the 1973 oil crisis, Bank of Japan research director, Mr Takashi Sato, said. In an article in the financial weekly, Kinyu Keizai Jijo, he said
      Reuter  -  313 words
    • Article
      Lock icon Condolences pour in as Indira stays stoic
      356 3 Agencies Leaders of Asian nations on Monday expressed condolences to Indian Prime Minister Indira Gandhi on the death of her son, San jay, in a plane crash. In neighbouring Sri Lanka, President Junius Jayewardene sent a personal condolence message to Mrs Gandhi saying:
      Agencies  -  356 words
    • Article
      Lock icon Nakasone likely to be next Japanese PM
      463 3 Agencies FORMER Defence Minister Yasuhiro Nakasone is the most likely candidate to become Japan's next Prime Minister following the return to power of the Liberkl Democratic Party (LDP) in Sunday's general election. Mr Nakasone heads one of five principal factions in the party
      Agencies  -  463 words
    • Article
      Lock icon Car dealer denies plan to boost exports
      157 3 AFP Reuter A LEADING Japanese car industry leader yesterday denied reports of large-scale plans for capital investments to boost car exports to the United States. He was commenting on reports that President Carter in his talks with Japanese Foreign Minister Saburo Okita on
      AFP; Reuter  -  157 words
    • THE REGION IN BRIEF
      • Article
        Lock icon GIRI DIES IN SLEEP
        571 3 Agencies FORMER Indian President, Mr V. V. Girl, 85, died in the South Indian city of Madras yesterday. The Press Trust of India said Mr Giri, who was president for five years from 1969, died in his sleep. A veteran trade unionist, be had earlier been
        Agencies  -  571 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      238 3 ASIA COMMERCIAL BANK LTD. (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 21 st Annual General Meeting of the Shareholders of the Company will be held at the Board Room, Registered Office, 2 Mistri Road, Singapore 0207, on Friday, 11 th
      238 words
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      Page 3 Advertisements Column 2
      232 3 It's just good business to take the fastest way to the U.S.A. Every day at 7.00 a.m., Pan Am's Flight No. 6, a 7475P, leaves Singapore, j| stops briefly in Hong Kong and continues nonstop to San Francisco. That's the fastest way to Hong Kong or San It also means
      232 words
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  • RAW MATERIALS
    • Article
      Lock icon TIN PRODUCTION FIGURES
      158 4 Reuter WORLD mine production of tin concentrates was 18,700 tonnes in December 1979 against 18,800 in November and 18,300 tonnes in December 1978, according to the International Tin Council's monthly statistical bulletin. The twelve month moving total to end December 1979 was 202,400 tonnes compared with 197,400
      Reuter  -  158 words
    • Article
      WHEAT
      177 4 THE Chicago Board of Trade wheat futures closed USI6 to 13 cents per bushel higher after gaining from the start on Monday. Prices climbed on continued trade talk that the USSR grain embargo would be lifted eventually. The strong opening broke the technical downtrend line at 4.14 basis July,
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    • Article
      RICE
      340 4 SINGAPORE: Yesterday's closing prices in S$ per kUo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second class 0.90, 100 per cent third class 0.88, 25 per cent new crop 0.80, B-10 per cent 0.68. THAI BROKEN: A-super 0.63, Special no stock.
      340 words
    • Article
      RUBBER
      296 4 DM Singapore, the market closed slightly higher with July One RSS buyers quoted at 288.50 cents per kilo, up 2.50 cents from Monday's close, dealers said. Morning prices were marked up about four cents on covering interest, trade and speculative buying. Afternoon prices eased slightly on some profit-tak-ing and
      296 words
    • Article
      RAS PRICES
      303 4 R.A.S prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 289.00 290.00N Int. 1 R.S.S. July 290.00 290.50 Int. 1 R.S.S. August 291.50 292.00 Int. 2 R.S.S. 282.50 283.50N UK/Cont 281.50 282.50N Int. 3R.S.S. 279.50 280.50N UK/Cont 278.50 2T9.50N Int. 4
      303 words
    • Article
      SSR and SMR
      115 4 NOON SSR and SMR prices yesterday: RAS SSR 20 SSR 50 <1 ton pallet) (1-ton pallet) Joly (Current Mtb) Buyer* Seller* 266.00 268.00N 263 00 265 00N August (Forward Mtk) Bayers Sellers 267 00 269.00N 264.00 266 00N MRELB July August SMR CV SMRL SMR 5 SMR
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    • Article
      Straits Tin
      77 4 THE Straits tin price la Penang yesterday weakeaed MslB per pical te $2,14«, $1 abeve the Intcrnatlonnl Tla Agreement ceiling, dealers said. Sentiment tnrned weaker fell*wing the easiness in three menth standard tin en the London Metal Exchange en Monday aad increased contribution of tin ore from miners,
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    • Article
      CLOSING PRICES
      39 4 Rubber: June 24 Singapore: July: 288.50 cents (up 2.50 cents) Malaysia: July: 292.00 cents (up 2.00 cents) Tin: M 52,146 (down $18) (equivalent to $35.48 per kilo) (down 30 cents) Official offering: 215 tonnes (up 20 tonnes)
      39 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices ware quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Crttm yam: China Blue Phoenix 20s 2,196; 32s 2.590, 40* 2,850 (per bale of 400 lbs). Plms goads: oin» Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      Produce exchange
      175 4 CHINESE Preface Exekaage, fflagspsin, aaea el—lag prices per lMkg yesterday: Ceeeaat all: Bulk fob 132.00 sellers, old drum (in second hand drum) fob $142.00 sellers, new drum fob $148.00 sellers. Cepra: Mixed (loose) $76.00 buyers. Pepper: Muntok white pepper fob Asta NLW $455.00 sellers, Sarawak white pepper faq
      175 words
    • Article
      SOYBEAN
      233 4 THE Chicago Board of Trade soybean futures closed just off the day's highs, up USIO cents to 14 Vt cents per bushel on improved volume on Monday. Technical buying triggered by heavy professional selling overcame hedge pressure from the light country movement reported in downstate Illinois, traders said. The
      233 words
    • Article
      LONDON MARKETS
      755 4 COmas: Robusta futures opened firmer yesterday and rose rapidly on good speculative and fresh buying which was well maintained throughout the session. Gains over the morning were £39 to £61 and values finished at or Just below the highs. Dealers said prices initially had been expected to open
      755 words
    • Article
      PALM OIL
      113 4 IN Kuala Lumpur, values ruled higher on further reserve of sellers in quiet trading yesterday, dealers said. In the central and southern region, July and August were traded M 52.50 higher to $840 per tonne. The refined market was featureless. C.I.F. North European ports, in US dollars per
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  • ASIAN STOCKS
    • Article
      Blue chips fall on profit-taking
      538 4 TOKYO THE market started out firm in line with Monday's sentiment with purchase orders being placed extensively on a wide variety of issues. But prices later fluctuated narrowly due to a lack of focus and began to slide. Even though orders from the non-resident investors
      538 words
    • Article
      Lock icon Hongkong
      338 4 Source: SHK See MARKET activity was not as frantic as Monday but wide swings in prices were seen as local operators speculated on the outcome of Sir YK Pao's tender for HK Wharf shares Buyers and sellers remained evenly matched by the close but HK Land came in for
      Source: SHK See  -  338 words
    • Article
      Sydney
      350 4 COAL stocks and shale oil issues rose while oils led the rest of the market generally lower yesterday, dealers said. A report from the Venice summit conference that Western nations are planning to double coal consumption over the next 10 years encouraged interest in coals. Howard Smith rose A7O
      350 words
    • Article
      Bangkok
      266 4 STOCK prices closed slightly lower yesterday in quiet trading with buyers sellers on willing to take an initiative dealers said. Capital Trust fell 1.75 baht to 37.25, First Trust 2.50 to 75, Mah Boonkrong Drying and Silo two to 191, Siam Cement two to 256 and Rama Tower 0.50
      266 words
    • Article
      Manila
      134 4 STOCKS closed mixed yesterday and turnover declined to 1.8 million pesos from Monday's 3.9 million, dealers said. Acoje Mining, Atlas Con B, and Marsteel rose, while Lepanto B, Basic Petroleum, Anglo Phil fell. The rest were unchanged or untraded. JUNE 24 Pesos Acoje Mining .0066 *0 000 Atlas Con.
      134 words
    • Article
      Lock icon Joint venture interest in oil shale project
      131 4 Reuter MINING Houses of Australia Ltd (MHA) chairman E Alexander has told the Sydney Stock Exchange that major mining and oil groups have expressed interest in a joint venture arrangement covering MHA's Queensland oil shale prospects. But he said his board knew of
      Reuter  -  131 words
    • Article
      Selected indices
      51 4 FINANCIAL TIMES INDUSTRIALS Monday 468.8 Friday 471.8 Week Ago 467.8 DOW JONES AVERAGE INDUSTRIALS Monday 873-81 Friday 868.71 Week Ago 877.73 H.K.HANG SENG Tuesday 1014 JO Monday 1012.01 Week Ago closed SYDNEY INDUSTRIALS Tuesday 670JO Monday 672.13 Week Ago 670.10 ALL ORDINARIES Tuesday 885.64 Monday 888.06 Week Ago...
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      260 4 The triumphant i||§pTiew bestseller from the author of The Far I^vilions SHADOW OF THE MOON w This magnificent novel tells the story of the Indian Mutiny, one of the most dramatic events in the history of India and the British Empire. It is also the story of Alex Randall, far-seeing
      260 words
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  • OVERSEAS
    • Article
      Lock icon Opec nations shut out of refining business
      356 5 AP THE Organisation of Petroleum Exporting Countries has accused oil consumers of shutting oil producers out of the refining business. Secretary-general of Opec Rene Ortiz said the developed nations have hindered Opec's entry into refining by cutting off markets for Opec members' refined
      AP  -  356 words
    • Article
      Lock icon Release of US hostages hinges on concessions
      134 5 Reuter IRANIAN Foreign Minister Sadeq Qotbzadeh said in a Paris television interview yesterday that the United States would have to make economic and political concessions to secure the release of the US Embassy hostages in Teheran. He said he is optimistic about the
      Reuter  -  134 words
    • Article, Illustration
      Lock icon Opportune time for rapport between Europe and Russia
      500 5 NYT AFP PRESIDENT Carter, concluding two days of in Venice with the leaders of the major industrial nations, said he now believes contacts between European and Soviet leaders are coming at a good time and could be beneficial in spelling out to
      NYT; AFP; Source: UPI  -  500 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      751 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL TMA TL375 0715 BEY/BOM/KUL MAS MH621 0835 PEN SIA SQ101 0615 KUL RBA BI421 0930 BWN MAS MH671 0930 PEN/KUL SIA SQ211 1000 HLP MAS MH605 1000 KUL CPA CX710 1005 HLP SIA SQ103 1015 KUL
      751 words
    • Article
      Lock icon Panel 'no' to tax cuts to fight recession
      210 5 NYT LEADERS of a new con* mittee to fight inflation in the US came out strongly on Monday against tax cuts to fight the recession. Committee chairman Arthur F. Burns, a former head of the Federal Reserve Board, and committee member Michael
      NYT  -  210 words
    • WORLD IN BRIEF
      • Article
        Lock icon INFLATION MAY FALL
        484 5 Agencies PRESIDENT Carter's chief inflation adviser has predicted that the US inflation rate would drop dramatically over the next few months but then rise again. Mr Alfred Kahn, chairman of the Council on Wage and Price Stability, said inflation might fall to "ridiculously low levels' because of
        Agencies  -  484 words
    • Article
      Lock icon Yugoslav leaders support Carter's views on Kabul
      270 5 Reuter YUGOSLAVIA'S new leaders will give considerable support to President Carter's views on Afghanistan. Mr Carter (lew into Belgrade yesterday (or a 24hour visit. The visit follows a twoday Western summit in Venice where Mr Carter reacted sceptically to Soviet reports of troop
      Reuter  -  270 words
    • Article
      Lock icon Effect of Begin's office shift on autonomy talks
      544 5 UPI AFP EGYPT has said that the difficulties facing Israeli-Egyptian-American negotiations on Palestinian autonomy will be compounded if Prime Minister Menachem Begin moves his office from West to East Jerusalem. The warning came in a frontpage comment by the authoritative newspaper A
      UPI; AFP  -  544 words
    • Article
      Lock icon Biggest investor in US
      417 5 AP ANGLO-American Corporation of South Africa is the biggest foreign investor in the United States, Forbes magazine said. The big South African gold and diamond mining and industrial company "beat out Royal Dutch-Shell," the Anglo-Dutch Oil Company, "by controlling US$l9.2 billion in sales primarily through its
      AP  -  417 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      72 5 9jgt& O: v V- 1 Bs i&aEralaf »'f w w *>* t *V HV s&xj* k 4 >• i U ,^e 4xk «.<& V JK >v; a >•:.» J M *0? 2 .a^j if u sM -K w Aate k4 v«< :<r WHBSW rv4 The E.ER. of an air determined
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  • Article
    CPF must adapt to changes
    532 6 THE GOVERNMENT'S decision to raise the ceiling on employee's monthly contribution to the Central Provident Fund follows the trend established in previous years. But a case can also be made for a departure from this trend. Various government officials have hinted that the authorities are
    532 words
  • Article
    Effective sanctions necessary
    236 6 IT IS a pointless exercise and an utter waste of time and resources if an organisation formed to promote worthy causes lacks the clout to see that policies are implemented. Without the powers to impose effective sanctions on errant members, the usefulness of the Yield Improvement Programme
    236 words
  • Article, Illustration
    The people's choice
    998 6  -  Asean has to face the crucial Kampuchean question once again today at its 13th Ministerial Meeting. Some members are inclined to take Hanoi's word that it has, despite its aggressive record, no territorial ambitions, reports SALMA KHALIK. But the Republic is maintaining its stand that the only
    998 words
  • Article
    Lock icon STUDIES BACK BRITAIN'S STAND ON FREE TRADE
    1151 6  -  The calls for British trade barriers are mounting but so far the Thatcher government is sticking to its guns, encouraged by recent institutional studies, reports FRANK GRAY FRANK GRAY FT INCREASING pressure is being brought to bear on Britain to vacate its role
    FT  -  1,151 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      77 6 BUSINESS TIMES GIVES YOU THE EDGE Every single business day, Business Times keeps you informed of essential financial, commercial and industrial news. Economic Trends. The Money Market. Price Indices. Company News, Reports. Opinions and predictions. Can you really afford to miss Times? Subscribe no l Cot oat and put today
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      6 6 BriStoW: Frank Dicfcens I 3RCJ£To U)ORK..
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      1288 6 Power of yesterday MAO Zedong is, today, taring favour with the Chinese population. Yet, it seems only yesterday that his name was synonymons with the Peapie's Republic of China. Portraits ot Power tonight traces Mae's rise In the episode Mas: Long March To Pswer. The programme takes a look at
      1,288 words
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  • Article
    Why the Venice summit should be sunk
    852 7  -  US on the wrong foothill forum With WILLIAM SAFIRE ONLY A FEW years ago, the President of the United States would have caused grumbling among our Western European allies because he was dealing over their heads at a series of summits with the
    852 words
  • Article
    Case of the missing share
    169 7  -  Letter te the Editor Michael H T Lee DEAR Sir, As a holder of 3,000 Sime Darby shares T ain entitled to one thousand bonus issue" shares as announced in the press. However upon receipt of the bonus issue, I was shocked to note that
    169 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      1200 7 The Hongkong and Shanghai Banking Corporation Incorporated in Hong Kong with limited liability Consolidated Balance Sheet at 31 December 1979 1978 HKSOOO's 1,154,859 1,427,228 295,230 2,877,317 370,353 5,854,000 74,654,133 277,166 95,344 14,336,607 HK598,464,920 Share Capital (Note 7) Reserve Fund (Note 8) Retained profits Minority interest in subsidiaries Hong Kong currency
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        222 8 JUNE 23 Fls AHN 295 00 1.5 Ah< 44 64 20 -08 Akzo 23 50 -04 Aleftank 295 00 unch A M h V 85 20 -15 Am fas 108.00 Amrobnk 65 70 0 6 Berftoss 40 50 unch B**rK 91 -0 -0.3 B«»IN 58 80 -0.2 Uorsumij 196
        222 words
      • Article
        Brussels
        92 8 JUNE 23 Frs FORWARD MARKET Acpr 282 -1 Arbrd 1785 -45 Astur 430 unch Brascan 654 -10 Bru-Lamb 1400 -4 Canpac 1010 16 Cock 249 -I Of 257 -7 Ebes 1875 -5 Electrobel 6110 80 Gb-Inno-Bm 2330 5 Gev 1272 -16 Hobok 2620 -80 Petro 5000 -20 Ryl Dutch
        92 words
      • Article
        Paris
        232 8 JUNE 23 Frs CORBEILLE Air-Liquide 415xn B S N Gervais Da none 970 4 10 CSf (ThomsonCsf) 470 1 Cie Francaise des Pelroles 249 80 08 Compagnie Financier* Compagnie 390 1 t»f nprjlc Credit Foncier De France ***** -1.9 Hachette (Librairie) 243 -02 Machines Bull 57.30 -09 Michelin 1B)
        232 words
      • Article
        Frankfurt
        225 8 JUNE 23 Dm Aeg-Telefunken 76 50 *05 Akro 21 60 -02 Allz Lebcn ***** +40 All* Vers 395 00 5 BASF 149 30 1.3 Bay H T Wbank 24*00 5 Bay Vbank 296 00 Bayer ***** .4-1 BBC" 298 00 BMW 158 00 -0 5 Casselta 332 00 I
        225 words
      • Article
        Zurich
        190 8 JUNE 23 Francs Actions Sulsses 278 unch Aliuuux Br 1175 .j Alusuisse Rf* 446 unch Brown Boveri Br 1636 unch Ciba Geigy Br. ioao 10 Ciba Geigy P C 835 -5 Ciba Origy Keg Ml unch Credit Suisse Br 2196 unch I red it Suisse Rrg 302 -J Flektrowatt
        190 words
      • Article
        Milan
        100 8 JUNE 23 Lin Ante 7 -005 Assoc Gen ***** -80 625 -S Central* ***** -220 Flat 1792 t Emsider 72 J Gen ImmoD 72 50 -1 IFI Pri 3000 -22 Italcemenli ***** -480 1 taigas 884 50 115 IlaUidrr 328 11 Magneli M PI SOI *10 Marelli Ere 360
        100 words
      • Article
        TORONTO
        209 8 JUNF 23 Cf Abilibi 18 Mean 31 Algoma 31 unch Bunk Mom 27'. Bank Nova Scotia 29 Bell Tel 20 Beth Corp BP Can Ltd 44 Bras* an 26 Camp Red Lake 50 Can Imp Bk 26 .1 Can par 40 Canpac Inv Pf 16 ♦s Carting O'Keeft 9
        209 words
      • Article
        JOHANNESBURG
        320 8 JUNE 23 Rand INDUSTRIALS A Alpha 330 unch Abercom 298 3 AE And CI 775 unch AM1C 2350 unch Barlows 1000 20 Cg Sugar CNA 1060 450 unch Currw Finance 190 De B«r« Ind 2650B unch Edron 530 Edears B600B unch Eveready Fed Vol It 450 10 unc Euglt
        320 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      798 8 See Page 4 for Tokyo stocks and Page 9 for NYSE prices Where to wine, dine and entertain Feast like an emperor at Chinatown 91 s Lei "5 C *f i Our chefs can whip up culinary delights that would excite even the most demanding of emperors Here at The
      798 words
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      Page 8 Advertisements Column 2
      164 8 The •A r>» u Va -V, 'c 1 ■I M -tsmstrrd j iiiiiij J »-J ,-w, ■-•>-"> ,V',:. e,, ■i* &S£3»» r-' SBS* eagfcSfcauP GRILL t *S" lIKiSBWP?"** HHHa \6u don't know hOH good it is until jou eat someplace else. 9 k J» |y SKEE 6th Ftoor, Front Block.
      164 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Chartered's third ATM
      171 9 CURRENT account holders with the Chartered Bank now have access to another automatic teller machine (ATM). The bank has installed its third ATM on the ground floor of its Tanglin branch at Shaw House. The ATM is a computerlinked machine which can dispense up to 11,000 in
      171 words
    • Article
      DG Bank's offshore branch in S'pore
      518 9  -  By ALVIN TAY WEST GERMANY is the fifth largest foreign investor in Singapore with about 200 million marks or Ss2so million last year. There are also about 30 German manufacturers with plants in the Republic. According to Mr Helmut Guthardt, vice chairman of the
      518 words
    • Article
      Lock icon Schmidt suggests safety net for banking system
      251 9 Reuter THE INDUSTRIAL world should seriously consider new measures to facilitate the recycling of petrodollars, and a possible safety net for the world banking system to protect it from the financial risks involved. This was one of the points made by West German
      Reuter  -  251 words
    • Article
      Lock icon Manila to borrow US$300m more for 1980
      247 9 Reuter THE PHILIPPINE Central Bank plans to borrow a further US$3OO million during calendar 1980, depending on the availability of loans, at reasonable interest rates. Announcing this, bank governor Gregorio Licaros said this is on top of the $200 million loan arranged for
      Reuter  -  247 words
    • Article
      Lock icon Morgan PLR now 11 1/2 pc
      62 9 Reuter MORGAN Guaranty and Trust Company said it has reduced its prime rate to 11 Vi per cent from 12 per cent. It was the first major bank in the US to move to the 11 Vi per cent level. Earlier on Monday, Southwest
      Reuter  -  62 words
    • Article
      Lock icon Gains reduced by late profit-taking
      1151 9 NEW YORK Reuter OIL, computer and gaming shares led the stock market higher in active trading on Monday as the prime rate continued to decline. But late profit-taking pared the gains. Morgan Guaranty Trust cut its prime rate to 11.5 per cent from 12 per
      Reuter  -  1,151 words
    • Article
      Singapore market
      483 9 THERE was not much activity on the foreign exchange market yesterday following the previous day's hectic trading. The US dollar remained weak against major currencies, and later declined to even lower levels. As with the previous day, yen trading was most active. Starting at 216.60/ 90 against the
      483 words
    • Article
      ASIAN $
      185 9 ASIAN ASIAN currency deposit interbank rates as at close on June 24: 7 days 1 month 2 month* 3 months 6 months months 12 months US DolUr»(Spo<) Offer BM 12M 12H 9 3/18 91/16 9W 9W 9 vie 9 vie 9H 9U 9 vie 9 vie 9 vie 9 vie
      185 words
    • Article
      Discount
      47 9 RANGE o( prk*» ottered by dis count bouses on June 24 Overnight: CH -613/1*% Call deposits 6V« Closiaf BoyiM Selliaf 3-month Treasury bills 6H 6V. 3 month Bank bills 913/16 911/16 3 months CD 95/16 9 3/16 6 months CD 9v< 9V» Source: National Discount Co
      47 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.6 per cent.
      22 words
    • Article
      Hongkong
      30 9 (IK banknotes: US* 4.90/4.92 UK 11.30/11.50 Burma 1.20/1.50 India 5.50/5.70 Indonesia 0.73/0.83 Japan 2.255/2.265 Korea 0.72/0.82 Philippines 0.595/0.615 Singapore 2.305 2.325 Malaysia 2.28/2.30 Brunei 2.27/2.29 Thailand 24.70/25.00 Taiwan 12.70/13.00
      30 words
    • Article
      GOLD
      284 9 IN Singapore, gold futures closed firmer yesterday compared with overnight levels after fluctuating marginally throughout, in dull trading, dealers said. Total sales for the day was reported at 27 lots with interest on August and October contracts. August closed higher at U*****.50/606.00 an ounce against U*****.00/50 on Monday and
      284 words
    • Article
      LONDON
      161 9 THE U.S. dollar opened in quiet trading, carrying through overnight gains in the Far East and the US. Dealers said a narrowing of European interest rates, together with some US bank prime rate cuts on Monday nearer market expectations of a levelling off around 10 V* per cent, helped
      161 words
    • Article
      TOKYO
      164 9 THE U.S. dollar for overnight delivery closed firmer at 216.90 yen yesterday, compared with a 216.70 opening and 215.40 at Monday's close, dealers said. Trading was moderate, with volume US$B57 million. After opening higher, reflecting its strength against the yen in New York, the dollar firmed further in slow
      164 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      45 9 Penthouse Restaurant Hoi tend Roed.Shopping Centre Opposite Chip Bee Gerden Tel: *****06 Happy Hours: 3joo pm to 6-00 pm Drinks (20% discount) and Snacks CANTONESE KlJkii;i •Prompt Luncheons •Catering: Functions •Gourmet Dinners •Buffet Parties Daily: 11.30 am to 2.30 pm 6.30 pm to 11.00 pm
      45 words
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      Page 9 Advertisements Column 2
      353 9 with the higher level and six months 125/130. Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia OH Directory 1980-81 (Third edition) •s the only professional reference work which brings together an encyclopedic volume of material to serve all sectors of the oil industry.
      353 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1720 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL 4 COMMERCIAL Acs a
    1,720 words
  • Article
    Unit trusts
    156 10 SINGAPORE UNIT Mil OlIB-MONTAOI' tar im U) (Maaftfsr*' ptai tar Jaa II) The Commerce 2.65 2.78sd Union Spore Fund 1.04 109 The Savings Fund S'pare Prog Fund 1.73 1.82 IS 1.35 1WOOMB BOND 1JWT S'pare Sec. Fund 2.14 225 Income Boad 1.30 1.26 S'pore Invest Fund S'pare Equity
    156 words
  • Article
    SHARE INFORMATION SERVICE
    2779 10 1980 High Low Company Last Sale 4-or-Gr's Div Div C'vr Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 370 223 149 163 324 80 316 400* 286 382 245 220 116 140 270 60 275 246* 187 285 Acma Alcom Allied Choc BAT Bata
    2,779 words
  • Article
    In Kuala Lumpur
    1949 10 BID and otter prices officially Listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUSTRIALS kM$ (3 MB 3.285) Almm (2.198 2.205) (2) 2.19 Alex Bold
    1,949 words
  • Article, Illustration
    Weak and uncertain throughout
    728 10 BHARE prices clui mixed la the Stagapere stock market yesterday. The market speaei ea a weak and aaeertala aato aad teaded to drift la that direettea threagheat meat ef the day. Baylag sappert eame la late towards the eleslag mlaates pashiag ■hare priew la selective coasters
    728 words
  • Article
    Clash brings scare to KLSE
    578 10 THE Vietnamese-led military incursions into Thailand threw a scare on the Kuala Lumpur stock market yesterday. Prices, which had been advancing steadily, fell to nervous selling in the morning on news of the Thai border clssh but the market recovered in the afternoon to close
    578 words
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  • COMPANY NEWS
    • Article
      I and P optimistic
      581 11  -  By P. GUNASEGARAM ISLAND and Peninsular Development is fairly confident that it can at least maintain its results in the current year provided the prices of palm oil and property continue to be favourable. I and P deputy chairman, Raja Badrol Ahmad, says in his latest
      581 words
    • Article
      Austral cautious about rising cost
      479 11 AUSTRAL Enterprises expects to meet the estimated production of 10,000 tonnes of palm oil and 1,900 tonnes of palm kernel in the current year with crops for the first quarter already exceeding those harvested in the previous corresponding period. According to deputy chairman Raja Badrol
      479 words
    • Article
      COMPANY MEETINGS
      56 11 Paper Products (M) Bbd: AGM to be held at 2nd Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur, at 3pm on June 25. Malaysian Containers (1S74) Bhd: AGM to be held at Room 2, 2nd floor, New Tower Block, Hotel Jay a Puri, Jalan Barat, Petaling Jaya,
      56 words
    • Article
      COMMPANY BRIEFS
      288 11 NEGRI Sembllan Oil Palms, queried recently by the KLSE said that its board knows of no reason for the increase in its price and there are no matters of importance pending announcement. THE Straits Trading Company will be holding an EOGM on Jul 14 for shareholders to approve
      288 words
    • Article
      Jeram Kuantan's profits reduced
      189 11 PRE-TAX profits of Jeram Kuantan for the year ended Dec 31, 1979, have dropped to $476,371 from $532,M8 previously, largely m a result of lower crop harvested. Output of rubber fell to only 753,417 kilograms compared with 9*,215 kgs In 1978 and was attributed to the
      189 words
    • Article
      Dah Yung sales up
      429 11 THE improved demand for Dah Yung's main product line of industrial gases in the steel manufacturing and fabricating industries during the past year has helped to boost its profitability and chairman Ang See hopes this favourable trend will continue. He told shareholders in his annual report:
      429 words
    • Article
      Sale of stake in King's
      297 11 HONG Leong Finance (HLF) together with its wholly-owned subsidiaries, Oriental Credit k Realty and Anson Trading (The Group) will realise a net surplus of $5.01 million from the sale of 1.54 million King's Hotel shares. The sale to City Developments is for a total cash
      297 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      1089 11 FAR EAST FINANCE ORGANIZATION LTD. (Incorporated in the Republic of Singapore) BALANCE SHEET 31st DECEMBER, 1979 (in Singapore dollars) NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS AT 31st DECEMBER, 1979 SHAREHOLDERS' EQUITY: 2,000,105 Share capital (Note 2) 281,618 Capital reserve (Note 3) 557,000 Statutory reserve (Note 4) 609,924
      1,089 words
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  • Article
    Supreme buys Keng Soon companies
    356 12 SUPREME Corporation is acquiring four companies in the Keng Soon Finance group. This marks the end of Supreme's four-year hunt for a finance company. Under the agreement with the Keng Soon Finance group, Supreme will acquire Keng Soon Finance (borrowing company), United Keng Soon Holdings
    356 words
  • Article
    Lock icon UK jobless rate at post-war record high
    229 12 AP UNEMPLOYMENT in Britain has hit a post-war record 6.9 per cent this month with 1.66 million people out of work, the government announced yesterday. That's up from the May figure of 6.3 per cent of the 24-million workforce unable to find a
    AP  -  229 words
  • Article, Illustration
    Lock icon Viets shoot down two Thai planes
    631 12 UPI VIETNAMESE anti-aircraft guns shot down two Thai military aircraft yesterday over Thai territory. Western diplomats said the level of the conflict is escalating. The diplomats, who witnessed the incident, said Vietnamese anti-air-craft emplacements positioned about half a mile inside Thailand shot down a
    UPI  -  631 words
  • Article
    Lock icon EEC is urged to negotiate agreement with oil producers
    227 12 AP IT has been proposed that the European Economic Community negotiate a five-year agreement with oil producing nations to guarantee it stable supplies. EEC Energy Commissioner Guido Brunner also suggested that Britain, the EEC's only oil producer, should assume a leading
    AP  -  227 words
  • Article
    Asean CCI unhappy
    279 12 THE Asean Chamber of Commerce and Industry is not happy with the outcome of the recent meeting of Asean economic ministers in Singapore. Its president Wee Cho Yaw said the basic agreement on industrial complementation reached by the ministers in April appears to hinder economic integration. Mr
    279 words
  • Article
    LONDON STOCKS
    773 12 LONDON, Tues. The market closed easier after a dull session and at 3 pm the FT index was down 8.1 at 461.7. Equities drifted throughout the session after sentiment was initially dampened by news of a rights issue from Ferranti. But little selling emerged and turnover was moderate.
    773 words
  • Article
    Lock icon Gold bars worth US$848,000 seized at Jakarta airport
    195 12 AFP FIFTY-THREE kilograms of gold bars worth US$B4B,000 were seized by Indonesia n police at Jakarta's domestic Kemayoran Airport last week. The gold bars were ingeniously hidden in six new motorcar accumulators (each containing eight to nine bars) listed as bound for
    AFP  -  195 words
  • Article
    Lock icon Australia maintains curbs on grain exports
    194 12 Reuter AUSTRALIA yesterday said it would maintain restrictions on grain exports to the Soviet Union next year in support of President Carter's sanctions over Soviet intervention in Afghanistan. Primary Industry Minister Peter Nixon said grain sales to the Soviet Union will be limited to
    Reuter  -  194 words
  • Article
    Lock icon HK will rival Singapore gold exchange
    628 12 Reuter EFFORTS to boost flagging business on the Singapore Gold Exchange may be hampered by the introduction of gold futures trading in Hqngkong this August. Neither overseas nor local interest has developed as swiftly as had been hoped in the 18-month old Singapore gold
    Reuter  -  628 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      172 12 Wedding Ends In Fight The recent wedding of two well-known companies ended in a fight, it was reported today. The two companies had previously signed documents agreeing to a merging of interests. The trouble broke out when the president of one company lost his temper over the power costs of
      172 words
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      Page 12 Advertisements Column 2
      197 12 Let Aerof lot fly you to Europe The Fast, Economical and Comfortable way..., with A'Bonus'Russian Holiday <.«. i—• World famous ballet Aeroflot operates 3 weekly flights from Singapore to Europe on Mondays, Wednesdays and Fridays via Delhi and Moscow. It takes you less than 13 hours to reach Moscow one
      197 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report (or 24 hours prior to 7.31 p.m. on Jane 24 at the airport. Maximum temperature 30.3 Associated humidity 80 Minimum temperature 23.8 Associated humidity 97 Hours of sunshine 3.85 Rainfall in millimetres 12.1 Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon HUD leases floating dock
        75 13 Reuter HONGKONG United Dockyard Ltd has signed an agreement to charter Euroasia Shipyards' 32,800ton lifting capacity floating dock, allowing ships of up to 100,000 deadweight tons to be docked. The Hongkong Trade Development Council said the dock, which can accomodate the largest vessels likely to visit
        Reuter  -  75 words
      • Article
        Lock icon Engineers to strike
        85 13 Reuter PORTUGUESE merchant navy engineers throughout the world will strike for three days from June 30 in support of a pay claim, their union announced. The government was notified of the strike which will affect both Portuguese-registered vessels and ships flying flags of convenience with Portuguese crews,
        Reuter  -  85 words
      • Article
        FEFC increases surcharge
        92 13 THE FAR Eastern Freight will increase its currency adjustment factor for Malaysia and Singapore from 27.5 per cent to 29.5 per cent from July 1. The bunker adjustment factor will remain unchanged at 40.97 per cent at least until July 31 unless a radical or other situation
        92 words
    • Article
      Johore Shipping stays with Port Klang's changes
      575 13  -  By G DURAIRAJ JOHORE Shipping Sdn Bhd will continue to provide unitised shipping services out of Port Klang though its two bigger competitors have temporarily diverted their services to Pasir Gudang. The company said it is satisfied with the arrangements made by the
      575 words
    • Article
      Lock icon Mei Gui Hai makes maritime history in Long Beach
      274 13 AP A HUGE rusty freighter bearing the red and goldstarred flag of the People's Republic of China made maritime history when it docked in Long Beach harbour. After riding at anchor in the outer harbour for 10 days, the Mei Gui
      AP  -  274 words
    • Article
      INDEX TO ADVERTISERS
      606 13 Skipping Uae P»«e C»l ShlpptagUae PW Adriatic IV 5 ent IV 4 Afea VI 3 Evergreen IV 3 Alfred vm 1 Fesco V 1/2 All trans VI 5 Flotta Lauro V 5 Alpac VI 5 Fortune VI 5 Angkutan VI 4 Franco-Belg m 4/5 Angonave VI 2
      606 words
    • Article
      Builders shy away from big vessels
      735 14  -  By LINDA CHEE SINGAPORE has opted out of the big league of shipbuilders because of low local content of construction materials and higher risks of building vessels with a long construction period. Instead, local shipbuilders especially the medium-sized yards, are concentrating on a variety
      735 words
    • Article
      Lock icon Owner charged with scuttling
      349 14 AFP A HONGKONG businessman was alleged to have ordered the sinking of a cargo ship off the African coast so that he could claim US$l million in insurance. The Victoria District Court in Hongkong was told yesterday that Cheng Tak-Hoi, 44, offered the master of the
      AFP  -  349 words
    • Article
      Container Schedules
      1003 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/Agent and Is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      1,003 words
    • Article
      LONDON FREIGHTS
      1500 14 MODERATE chartering developed in the North American grain sector on Monday, with Chinese operators arranging 25,000 tonnes of wheat from the US Gulf to China at US$46 for July/August and 35,000 tonnes at $45 for August. A vessel was reported booked for five consecutive voyages, each with 77,000
      1,500 words
    • Article
      Mersey Docks still deep in financial woes
      947 15 IT IS ten years since Mersey Docks and Harbour Board first embarrassed the UK government by defaulting on its debt. Since then, it has closed South Docks, had a capital reconstruction and reduced its workforce from more than 10,000 to 6,800. However, its
      947 words
    • Article, Illustration
      Kaleo in fifth place after second leg
      220 15 SINGAPORE'S Cafoe fbdahed fifth la the secead leg ef the Nedlloyd Bpk* Race. It was aa Impressive Achievement coming after a mishap la the lint leg aad agalast mom ef the fastest sce+a racen la the mrii It was alee the all-ahunlalaiß yacht's
      220 words
    • Article, Illustration
      SHIPS IN PORT
      515 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Melor (after Chidambaram) 2/43 Bosna (after Feng Mao) 45 Bunga Gelang (1730 after Taiyo Maru) 13/14 Camphor (1800 after Bunga Bindang) 19 Cerro Grande (2000 after Thai Rainbow hauls) 23/24 Equator II (after Equator) 22 Heinrich Arnald Schulte (after Louise Lykes,
      515 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3123 19 SCHEDULE 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
      3,123 words
    • Article
      Lock icon Worldwide orders for bulk carriers treble
      354 20 AFP THE order backlog of bulkcarriers in the 50,000 to 80,000-ton range has more than trebled worldwide since autumn 1978, Londonbased shipping consultants HP Drewry said in their latest review. These vessels known in shipping circles as "Panama* bulkers (capable of transiting the Panama
      AFP  -  354 words
    • Article
      Lock icon Rates continue to decline on the freight market
      752 20 AFP DESPITE active chartering by the Chinese, backed up by South Africa, Rumanian, Soviet, South Korean and Japanese operators, the recent decline in rates continued on the London freight market last week. This particularly applied to the trans-Atlantic grain trades between the
      AFP  -  752 words
    • Article
      Lock icon Two hydrofoil boats collide
      117 20 AP AT least five persons were killed and four missing with 17 others injured on Tuesday when two hydrofoil ferryboats collided in fog off the south coast about 50 km west of Pusan, Seoul. The accident occurred about halfway between Pusan on the south-eastern tip of
      AP  -  117 words
    • Article
      The Consortia
      134 20 The major shipping consortia operating between the Far East/Europe and Straits ports/Australia 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 Line. Nedlloyd Lines. Neptune
      134 words
    • Article
      Shipping Events
      210 20 LIQUEFIED Gas Meaaaremeat aad Caatral June 2627, Singapore. Contact: SGSRedwood Training Department, Place des Alpes 1, CH-1211 Geneva 1, Switzerland. Preveatlaa af sblpplag fraad semlaar June 26-27, Waldorf Astoria, New York, USA. "Flag preference, dlacrlmiaatlao ar pcaeeM eaexlsteaee," Transport Law Association seminar June 27, Baltic Exchange, London. Frelgbteeh
      210 words
    • Article
      WHO ACTS FOR WHOM...
      1499 20 The leading shipping lines operating from loeal ports and the agents who handle cargo bookings for them. A B Adriatic CMtalier Continental Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agencies (S)Euro-Asia Line (PK/PN). Alfred C. Tiepfer Sea Consortium (S) Marintex Enterprise (PK). Alpae Intrasea (S)/Yeo Shpg
      1,499 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      277 13 here ft Lines KM TMI MOST PKfQUfNT SAILINGS TO BANGKOK HONOKOMC JAPAN PUSAN. Ev«r«tt Steamship Corpn. t/A S-»9ooc» I <? ImC V<««« Prx>«Q 36 10) OC SC Bmq T* 2144T j *DM A 9 r«, SOCSMIP CO §MO T* *7721 *9» lARDIM AN I All Orient Overseas Co*tici*t&\ Line ZH
      277 words
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      Page 13 Advertisements Column 2
      281 13 JSI SEALORI) ANTAH m UASC UNITED ARAB SHIPPING CO (SAG) •i 1 ii in .< n i ri' Mi'k GULF EXPRESS MULTI-PURPOSE SERVICES BN BASSAM V.25 HI KHALLKAN V.27 Dubai (4/7). Dammam (7/7), Kuwait (9/7) Doha (12/7). Abu Dhab. (15/7) Dubai (28/7). Dammam (31/7), Kuwait (3/8). Doha (6/8), Abu Dhatx
      281 words
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      Page 13 Advertisements Column 3
      22 13 CONTAINER Schedules n [iONDON Freights U/Ul SHIPS In Port m SHIPPING List VH REGIONAL Weather VHI SHIPPING EVENTS Vffl fflE Consortia Vffl
      22 words
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      Page 13 Advertisements Column 4
      553 13 "/!=(!:~~`!"*&/_}$:->)<}>-{=?;* MAERSK LINE EXPORT TO U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA AND ASIAN PORTS Longbeach I New York 1 Philadelphia! Baltimore 20/7 Singapore Closing Times *CY 1 My 1500 hrs CFS 30 June 2«00 hrs TO ARABIAN/PERSIAN GULF-FULLY CONTAINERIZED SERVICE Hong Kong I Karachi |BKhometnl|umm Qasr| Kuwait Dam mam Bahrain
      553 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      634 14 LEO SHIPPING PTE LTD. SINGAPORE PERNAS-MISC SHIPPING AGENCIES SDN BHD PORT KELANG PENANG HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 MALA YSIAN NTERNA TtONAL SHPHNG CORPORA DON BERHAD Mm AccaptMg Fer 1) Barcelona, Genoa, 2) Amsterdam Antwerp, L.Havre. Bilbao. Basle. UK. 3) Bremen, Bremenhaven. Aartms, Copenhagen. Helsinki 4) Malmo.
      634 words
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      Page 14 Advertisements Column 2
      299 14 815 SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA PL Ma« Ma I TSTOK I CM IW St* CMto Baa. H Ta* Mm St Ma HO tSTOK CM Mm SwA CMto Baa. N Yak Bwtw St. Ma H. OH. IMrtai Nafcft 3-3/7 2/8 6/8 8/8 10/8
      299 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      753 15 Overseas 1 mW Containers Limited Weekly service to/from UK/Europe H'lwrj Bram Wtm Lt Mine 3to« P S'port Hot Me Lvp t*r bM W bM bM faM aMi aim Mm Mm SM SM bM bM bM 1M TK KB. BU taiEn bM bM bM bM bM SM HK KS -I I"
      753 words
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      Page 15 Advertisements Column 2
      508 15 ra Franco Belgian Services Far Fast F\rnch service with Belgian Far Eastern Lines' l a<{ consortium lmcemor HI. CONTAM orbital en It M r-t c.m.c.r. SUM Lt Hnw *'Aa» KWf IKnw kfwtm km It M 17M21M27M21M 11W IM Z2M MM 2tM 27 M DM R. CORAL 2JM 31 Mm IMI
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      568 16 A to worth nnort rau canon TWgg sorwg MxE^n an* UHm* Car*ga»B»r i*n«7 ft«M Express TomnouMiA TW Spore PManfl Genoa Trieste 25/6 26/6 29/6 30/6 23/7 31/7 1/7 3/7 11/7 12/7 1/8 8/8 13/7 15/7 18/7 20/7 10/8 17/8 11/7 13/7 14/7 17/7 25/7 21/ TO USA/qIWW nu cmrmcrnwro (CARGO
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      Page 16 Advertisements Column 2
      733 16 LINE KOREA ZZ P. Keianj PENANG STORE ALIAS 153W 13/16 My 17/20 My 21/24 My FROM BUSAK BANGKOK ALTAJR 154£ 13/16 Wy 17/20 July 21/24 July TO BUSAN VEGA 151* 1/5 Am 5/SAuf 9/12 Aug FROM BUSAK BANGKOK VEGAIS2E 1/5 Aut 5/8 Auf 9/12 Auf TO BUSAN MTUHM Nvunun MX
      733 words
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      Page 16 Advertisements Column 3
      406 16 EVERGREEN LINE I" FAR EAST EUROPF EXPRESS FULL CON lAINF R SERVICE ACCEPTIIG CARGO FOR; HAMBURG, FELIXSTOWE, ROTTERDAM. ANTWERP. IE HAVRE ALSO ACCEPTMG CARGO FOR: UWTTED lUNCOOM SOUTHAMPTON, LONDON. MANCHESTER, BIRMMGHAM. BRISTOL LIVERPOOL GLASGOW, LEEDS. GERMANY HOLLAND AMSTERDAM T EUROPE FAR EAST EXPRESS FULL CONTAINER SERVICE rwmt Nm tafOuki rmm
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      Page 16 Advertisements Column 4
      615 16 Everett Lines/ iwm Ffca Star StoppM* C«rp H BURMESE NATIONAL LINE rm totot/ato a/ato a/i* a/a mi BfSiC 'VTRS'MSjSSSi? i "ARGENTINE INE* LOADMG FOR DURBAN. CtfHOVir*.*niM!EMiEO. BUENOS AM s\ riUCffi AMOfTM. 27/21 to. t|r\rA Tr««|M>rUd»ii Maritima Maxicana S. A. "MEXICAN NATIONAL LINE" FM EAST/MEXICO I (XHTML UCMCA SERVICE "M TIM
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      Page 16 Advertisements Column 5
      462 16 mo.s.E OCEAN SHIPPING ENTERPRISES PTE LTD. ISI SANKYO LINE MKT CMPnor nma AUSTRALIA SERVICE P. KMmc UaflMtor tahrt 27/21 Jum STD. MEL. AKL 11/21 Mr 21/22 M)r STD. ML MEL BANGLADESH SERVICE mat nmcE--2S/M/7 chttagong. chalm JAPAN/STRAITS SERVICE Eu K KARLANDER Llf\JE AUSTRALIA SERVICE P. KMant Loadhr far 7/1 Mr
      462 words
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  • Page 17 Advertisements
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      894 17 PIL GROUP EAST AFRICA/REDSEA SERVICE SINGAPORE/CHITTAGONG/RANGOON/SERVICES Loading For: Chrttagong. Madras SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES SINGAPORE/INDONESIA/SINGAPORE SERVICES m S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTABLE LCL/FCL CONTAINERS/ ALSO AVAIL ABIE 40 FT REEFERS FC* HKG Pakistan National Shipping Corpn. Karachi ETA 10/11 JHLT (ACCEFTMC COHTAOERS M HU OO.) Pan Islamic Steamship Co. Ltd.
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      Page 17 Advertisements Column 2
      792 17 BEN LINE CONTAINERS JO S«K Stmt P. Uw a* a/I 2t fc» M/ 7 lapNr 12/7 kMbpw u/7 wawi trmc rmvoi rom to Geram/AMne iirti L*r hU faM UM May/ Aastne Aataerp Fraac* MUX a/7 a/7 m/ 7 a/7 11/7 u/7 a/7 a/7 a/7 m/ 7 a/7 a/7 a/7 a/7
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      Page 17 Advertisements Column 3
      620 17 Scan Dutch? WEEKLY EXPRESS CONTAINER SERVICE IBM* S/7 BPOMCAI2/7 I MHJA 11/7 IfOKAZ7/7 Maari fl" DtraflK7)r«M ]>ITtaqOrta| WTUHBM 27a 12/7 17/7 11/7 S/7 m 1/7 14/7 21/7 22/7 24/7 m oon »/7 a/7 a/7 a/7 11/7 an iy/ Jt/7 vi vi 7/1 SOJMM a/7 (/I 11/1 12/1 IV! ■mm sum
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      Page 17 Advertisements Column 4
      444 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUMON I SOUTH AFRICA KUANTAM SNGAPORE cti Reunion Durban Capetown Pt Eb (atso accepting East London carjo) STREAMBANK. BEAVERBANK 10-12/7 13-17/7 21 25/8 26/7 3/9 1/S 9/9 8/8 16/9 11/8 19/9 Lines U.S. GULF WRECT SERVICE from lowims IXTTT* LYKS nancy inss KUMLTKES MMEULYIES
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      Page 18 Advertisements Column 1
      604 18 K LINE KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA no feho hesseis* n sr Monet vessels ra u ...Mb Ac* 2111 bM bM hdklm 10/7 20/7 J*M >P* 11/7 Nrs r«t Mm U/7 Item 1/7 1/7 YmnMNi Ikn 11/7 27/7 Mhi Mot 22/7 !«■»«< 17/7 -~U ShM
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      Page 18 Advertisements Column 2
      330 18 CALffORINA/PACfIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Lm*| tar LOS MOB. SM HUMCBCO, WTTU. TkCOM. MMCOMBL IC IluM rCVFtt CefataetP. UMI SWMX'I L tafMs ■M SIM Vim a My MM 17* 12 Ml AUSTRALIA EXPRESS CONTAMER SERVICE NEW ZEALAND SERVICE amm WWAASHA. JAPAI SERVICE P««| r. UMI Timkmii 27/21 taM
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      Page 18 Advertisements Column 3
      665 18 o o/\(il'()llp SINGAPORE SHIPPING AGENCIES PTE LTD 20TH f LOOK OCt AN BUILDING SINGAPORE 0104 MARKETING *****2 ,3 lINES GENERAL 91J111 14 I i\| S TELEX MS 24*>9b US ?s'->l>B A H i.ABLE OARGOSHIM DDI l'e«|ional Container liint's WEEKLY CONTAINER SERVICE to/from BANGKOK S'PORE(WM) h njx km 2/3 My 9/10
      665 words
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      Page 18 Advertisements Column 4
      550 18 nGRAMARD LIME INDEPENDENT-ATTRACTIVE RATES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CARGO FCL ONLY FOR PORT SAID. ALEXANDRIA. BEIRUT LATTAKIA. LIMASSOL. ISTANBUL PIRAEUS Specially engaged agents A stevedores providing immediate discharge FOR TIM STAR VJM MM SMC V.4M) MM CJCONC V.4IN +Cah| Put SaM. Mau Ifc ■MIUMh aMy I TAT V.
      550 words
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      Page 18 Advertisements Column 5
      676 18 t INTRASEA (PTE) LTD. House 234E Orchard Road Smqapore 9 Telephone *****11 *****57 ll Wfqf REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE Vpmt P.Mmi hM| Laadtaglar mmmn a* *mi KEB*/ ROTTEIOAM/UK (AVON) E LEADER IM2— 7 M ROTIEMAM Ml IS M 23 M BOM.OGK/MR (WW NBS7 91* 12 A* ROTTERDAM/CAIN
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      700 19 TO EUROPE/UK (VIA SUEZ): S'pori K. JACEWON 28/6 HK CONTAMER 3/7 0. CHEF 9/7 S.S. BRDGE 15/7 N CORAL 22/7 C. CONTMNER 27/7 K. MCEJM Jl/8 Container feedered to/from F'stowe Also accepting cargo to/from Scandinavia FROM EUROPE (VIA SUEZ): +K. JACEWON S'pore Closing Times: LCL Cargo 1500 26/6 TO AND
      700 words
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      Page 20 Advertisements Column 1
      287 20 -<»■ EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG DKCT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) Cargo MARTRANS CARGO Boatings Please Phone *****43 PLEASE CONTACT BCNENKER SINGAPORE •TEL *****11 FROM EGYPT ttMMDSU ALEXANDRIA SINGAPORE Jim 22 Jtfy 5 ACCEPTMG CARGO FOR BUSAN, M 0«. KOBE. YOKOHAMA GENERAL AGENTS I N SrtTPING
      287 words
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      Page 20 Advertisements Column 2
      272 20 CONTINENTAL OFFSHORE PTE LTD REGULAR NXPEMXNT SERVtCC TO MB FROM CHTTTAGONG MB CHALNA SNWORE P.KEIANG PENANG ALJHUJA<tA*Utt»fIAfi) Uy 10/15 JWSOWT ium* 1/2 MMtumwaHfUG) jyju/,5 sr it/17 ww S«pt 11/15 s«pt 14/17 CONTINENTAL OFFSHORE PTE. LTD SWGAPORE: TEL: *****66/3 LNES ANHSING OVERSEAS LINE UNON YENBO UNON HOOEBAH... WON CARBBIAN.. UMON BALTMORE..
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      Page 20 Advertisements Column 3
      58 20 NOTICE r DONG SUE LINK M.V. DONG IL VOY 8S arrived 17AA0 AT PBA Godown 23/36 General survey on damaged cargo discharged ex the above vessel will be held on Saturday 28th June IMO as from 9.00 a.m. to 12.00 noon. No further survey will be held after this date.
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      175 20 mmM i Regional Weather i yj O V* 4 i >3 1 2 H at \y t 2v Q S3 oOO^# L?S" k K pffSb £S (A* 100E IK P2 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LBQBND: R Thunderstorm Shower Weather Wind direction with speed in
      175 words