The Business Times, 7 July 1980

Total Pages: 20
1 20 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 111/1/81 MONDAY, JULY 7, II» 50 CENTS
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  • BRIEFLY...
    • 69 1 AFP KUALA LUMPUR, Sun. Transport Minister Datuk Lee San Choon is optimistic that the air services talks between Malaysia and Singapore will produce a settlement. When leaving for Singapore Datuk Lee said he was hopeful the talks wQI break the impasse between the two countries over the
      AFP  -  69 words
    • 56 1 UPI LONDON, Sun. Militant British Protestants are demanding assurances Prince Charles will be barred from succeeding Queen Elizabeth as sovereign if he marries a Roman Catholic. A row has broken out over Ihe possibility the Prince of Wales might choose Princess MarieAstrid of Luxembourg, who is a
      UPI  -  56 words
    • 86 1 UPI ISLAMABAD, Sun. Army troops and police today encircled about 200,000 demonstrating Shiite Muslims beating their breasts in anger to protest a tax law and mourn the death of one protester killed in a clash with police. The angry Shiites, who say the law violates their religious beliefs,
      UPI  -  86 words
    • 77 1 UPI CAIRO, Sun. The deposed Shah of Iran, afflicted by fever and body poisoning on top of his chronic lymphatic cancer, was reported in serious condition and intermittent coma after surgery to drain more pus from an abscess in the upper abdomen. An attendant at the
      UPI  -  77 words
    • 82 1 AFP TOKYO, Sun. The Japanese Defence Agency is trying to raise its annual budget for fiscal 1961 (April 1981 to March 1982) by more than 10 per cent over the current fiscal year in view of growing US demands for efforts to improve the country's defence capability,
      AFP  -  82 words
    • 41 1 TEHERAN, Sun. Ayatollah Sadegh Khalkhali, Iran's stern religious judge who has ordered the execution of scores of drug traffickers, has been hospitalised with chest injuries following a car accident, Teheran radio reported. It said he was in satisfactory condition.
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    • 77 1 AFP WASHINGTON, Sun. Republican candidate Ronald Reagan is ahead of President Jimmy Carter in the race for the presidency, according to an opinion poll published in the Washington Post. The poll, carried out in mid-June by the Detroit Market Opinion Research Co, showed the Republicans had
      AFP  -  77 words
    • 77 1 KUALA LUMPUR, Sun. Umno Youth warned that Malaysia might be the target of Soviet expansionism because of her mineral wealth like tin and oil. The movement also said Malaysia was attractive to the Soviets because her strategic geographic position could act as a buffer against the advance
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    • 60 1 AFP BANGKOK, Sun. Thailand has closed its entire northeastern border with Laos in a toughened stance spurred by a Laotian attack on a Thai patrol boat on June 15, military sources said. The sources said the move was ordered by the second region army and affects all border
      AFP  -  60 words
  • 109 1 THE fallewlag is a list of the if mast actively traded stacks m the Stack Exchange of Singapore last week. It gives the turnover In thousands of units, closing prices an Friday and the high and law far lMt CMfHJF TUMTM •m r Prices Jal 4. sr
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  • 146 1 SINGAPORE JhN Jal 1 J«lt JalS Jal 4 t+BT Index: 5963*0 5944.62 5840.89 5967.18 5997.97 Industrials: 545.83 544.26 539.56 544.05 546.25 tkFinance: 974.74 971.63 964 08 972.85 978.95 ••Hotels: 473.04 471.62 472.15 475.06 477.80 •Propertk«: 397.79 383.71 392.83 393.87 396.36 Minings: 342.16 342.17 340 61 340.41 340.19
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  • 444 1  -  ALL INDICATIONS BULLISH By RUTH CHENG GOLD BULLION dealers say all indications point to a sustained recovery in the price of gold in the immediate future. Gold is consolidating around $670 currently, having recovered almost uninterruptedly from its low of $474 in March. Underlining the
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  • 248 1 THE STAR newspaper has strongly criticised the United Malays National Organisation youth president, Haji Suhaimi bin Datuk Kamarmtriun for suggesting that some sort of control should be placed on the economic progress of the non-bumiputras, if necessary, to reduce the economic gap between the bumiputras and
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  • 429 1  -  By ALVIN TAY THE pace of building construction slackened last year with the number of buildings commenced, under construction and completed all lower compared with 1978. Last year, there were 26,979 units of building commenced, a decline of 1,742 units over the previous year. This
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  • 210 1 MALAYSIAN bankers are optimistic about the country's investment climate in the coming year and the near future. Despite the uncertain world economic situation and inflation, the Association of Banks says there is no need for the Finance Minister, Tengku Razaleigh Hamzah, to introduce wide-ranging incentives for stimulating
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  • 256 1 MORE tfcaa M per eeat ef the Isaas graatod aader the Snail Mutriei Plwm Www (8DTB) has ken d«e thrsagh the Develepmeat Btak ef Hhpp'W, altheagh It Is kit we «f three fiaaaclal MltaOMi lavelved hi itehhlHtag the aehsns. Aeesrdlag to the lint tosae
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  • 490 1  -  By CATHERINE ONG BROKING firm Ong and Co will sub-underwrite 5.87 million of the -11.96 million new shares arising from Sim Lim Investments' two-for-three rights issue. The underwriter of the rights issue is First Chicago Asia Merchant Bank. Ong and Co has
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  • Page 1 Advertisements
    • 0 1 -=[>/]^&=]_'``<}-<,:=\}(;|&_%(|
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    • 82 1 For the first time you can find the best scenes in all of your video programs easily, at the touch of a button without having to search for them blindly as you still must with other video formats. You see your program as it zips across the TV screen at
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    • 65 1 SHIPPING TIMES DAUNTING task heei British S. W. TAN reviews The ChamSteel rhstrmss S her Players 7 REVIEW si majsr esmmedtttes HOW majhr stoek markets perlast weak 4 farmed last week Ml NEGOTIATIONS ea US$9 hit- MB Zeaks Sasaki tipped ta sae- Use deal i eeed Ohira 12 TV AND
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    • 104 1 I BALLY of Switzerland > fl Internationally recognised as trend-setters. JAL has more direct flights toTokyo and the USA than any other airline. < .-<• •< w Ik Relax in comfort on 11 flights a week to Tokyo 5 non-stop and 6 via other South East Asian cities (If you're
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  • PROPERTY & CONSTRUCTION
    • 430 2  -  By TEO TECK WENG PROPERTY developer International Associated is planning to go ahead with several residential projects worth about 1100 million. Many of the projects, expected to be completed in a few years, have been submitted for government approval, sources said. One of the projects, that
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    • 220 2 WITH the dwindling supply of private dwellings such as terrace, semi-detached and detached houses, it is hardly surprising that the recent sale of houses in the second phase of Apollo Garden in Upper Changi Road should have met the good response it received. Of the 19 terrace
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    • 106 2 AN OVERSEAS Chinese hotel developer from San Francisco has secured a contract to build and comanage a major first class hotel in Beijing. Clement Chen Jr, who owns several hotels in the United States, said the contract was signed last April. The proposed hotel, named Jian Guo,
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    • 175 2 A LARGE condominiumstyle residential project has been proposed for a plot of freehold land in River Valley Road near Hotel Morningside. Plans for the development have .been submitted for government approval. It will altogether have about 350 three and fourbedroom apartments. The scheme, designed by Hongkong architect
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  • Page 2 Advertisements
    • 237 2 luAf. tuu*ik*v( tfett fctfas atiout sr." L < A m< raki' The Taj, perhaps the most magnificent mausoleum in the world, was built to express the love and grief for Emperor Shahjahan's beloved queen, Mumtaz Mahal. Some woman. Each day she put on entirely new clothes and new jewellery. And
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    • 139 2 For Men: Granular* Facc Scrub»Beeaiise deq)-donn cleansing fc the way to healths dean dear skin. %> The absolute cleanser in a tube. The deep-down face cleanser that works, through abrasive actions, to lift out impurities, ground-in dirt, grime and excess oils. Recommended for every man's skin type. Excellent for blemish-prone
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  • 827 3 NYT LAN MacGregor, who took over as the new chairman of British Steel Corporation on Tuesday, faces the daunting task of turning Britain's most glaring industrial white elephant into a lean, competitive and profitable enterprise in three years. In the opinion of industry analysts, politicians,
    NYT  -  827 words
  • Page 3 Advertisements
    • 140 3 CANADIAN INCOME PROPERTIES With a down payment of 50*7 or on prices from Canadian $72,300 upwards you can own a condominium apartment in Ottawa or Toronto. Financing at YZ on the balance with a return of 8.5' on the down payment annually. Complete management of the property is guranteed for
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    • 596 3 A whole fleet of cars to choose from. Japanese, German or British cars. Manual or Automatic Transmission. All our cars are Airconditioned and the latest models. r 1 A car always in top condition. Our Car Service Division sees to it. Engine in top condition. Wheels S. aligned. Tires as
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  • RAW MATERIALS
    • 1035 4 AFP THERE was a much firmer trend on the London commodity markets last week headed by gold and copper. The loss of sterling's early strength against the US. dollar following the cut in the Bank of England's minimum lending rate, added a final
      AFP  -  1,035 words
    • 339 4 TRADING the Sagapore £S£S»d aZSTl—MmeklS apart from a ttage «I eaattea, the a—ed was wmH Italmariag. Par the coffee aad me—at ally tiafHeat ahoat preeptfts, expecttag prices M their gr—ad at least Althoagh the eeffee aaarket kas saffered a —hstaattal fall la the last two weeks,
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    • 480 4 RUBBER: Futures closed 0.40 pence a kilo up to about unchanged last Friday. Turnover was 83 lots of 15 tonnes including one option traded during the afternoon. Afternoon trading was idle with light interest during the final call pushing the day's volume to 83 lots after the market
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    • 79 4 C.I.F. North European ports, In US dollars per-ton unless otherwise stated: LONDON: Fri Previous Malaysian 5% ffa bulk per tonne August September 540.00slr 557.50slr 540.00slr SfiO.OOslr Sumatra 5% ffa bulk July August September October November Decern bar 530.00slr 542.40tlr 553.50pd 560.00sir seo.oopd 560.00pd 527 'i /530pd 537.50slr 550.00/557
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  • MONEY AND EXCHANGES
    • 176 4 Source: OCBC THE US dollar last week opened at 2.1150/60 against the Singapore dollar and fluctuated narrowly in quiet and featureless trading to "Close the week litle changed at 2.1145/65. It reached a high of 2.1230 against the local unit as US interest rates firmed. However, the American
      Source: OCBC  -  176 words
    • 22 4 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.4 per cent.
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    • 386 4 WITH the exception of Monday, which was a liabilities base day, interbank overnight funds last week were traded mainly at the 9 3 to 9V4 per cent level because of some transfer of funds by the Accountant General and cash withdrawals which were offset by an inflow of
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    • 354 4 EUROPEAN and West Asian investors were reported to be strong buyers last week, supporting the price above US$66O level, says Greea aad Oilier Balllea Pte Ltd is its latest review. In London the price touched a five-month high of US$675 on Thursday. There were no particularly strong economic or
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    • 182 4 ASIAN RATES ASIAN en reaey average Itpwlt rates far the week ended J Ely 4: U84 (Bid prkM) H*h Low 7 days 911/16 l moptti 911/10 8% 2 months 911/16 •V. 3 months 9 11/16 9'/« 6 months 10 9 5/16 0 months 915/16 9H 12 months 915/16 99/16 Swiss
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    • 45 4 FOR THE week ended Saturday July 5, the range of call rate received from Short Deposits (M) Bhd was as follows: Bfcak fui: 2.5 per cent to 5.5 per cent. GeMral fud: 3.75 to 4.375 per cent. Mcvemeat* of funds totalled *1,168 million.
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    • 61 4 ZURICH exchanges closing quotes on July 4: US 1.6088 7096 Stg 2.7852/79X2 Can 1.4M0 4080 D Mk 91.T81/887 D Fi 83 8373 *93 F Ft ».5877/5844 B FT 5 7285 '7385 D Kr 29.051 «382 N Kr 33.2850 '32M S Kr 3TMSJBW Lit 0.1918 1921 Aus sch 12.9300 9433
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  • Page 4 Advertisements
    • 392 4 1111 V *5. l *M 'X^ K> 'V DIAMOND INVESrMENTSS >\fewantyoutobesure. 29th Floor, UIC Building, Shenton Way Singapore 0106. Tel: *****33 DI4 »C MC make i V The slightest flaw in a diamond, invisible to the untrained eye, can mean the difference of 1000's in value and thus can make
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  • OVERSEAS
    • 693 5 NYT A COMBINATION of West German steel pipe manufacturers, energy companies and credit institutions will soon begin negotiations with the Soviet Union on what would be the biggest EastWest business deal yet a gas pipeline project estimated at US$9 billion to $13 billion. West Germany's
      NYT  -  693 words
    • 290 5 Reuter FOREIGN leaders are arriving in Tokyo amid tight security to join President Carter and Chinese Premier Hua Guofeng at a memorial service on Wednesday for the late Japanese Prime Minister, Mr Masayoshi Ohira The gathering, including the US and Chinese leaders who have never met, is
      Reuter  -  290 words
    • WORLD IN BRIEF
      • 382 5 Agencies STATE-OWNED Societe Nationale Industielle Aerospatiale of France said China has agreed to buy 50 Dauphin-2 helicopters worth an estimated US$lOO million with spare parts. China will also build the Dauphin-2 under licence. The Dauphin, which can seat 13 passengers, has a range of 800k ms and a
        Agencies  -  382 words
    • 233 5 AP AS AMERICAN criticism about Japanese imports intensifies, recent economic reports show that Japan's Toyota Motors and Nissan Motor (Datsun) have attained the ranks of the world's second and third largest car makers respectively, a Japanese daily reported yesterday. The Asahi Shimbun,
      AP  -  233 words
    • 158 5 AFP JAPAN'S famous lifetime employment system appeared to have lost its charms as more and more Japanese workers want to switch their jobs, an official survey shows. The nationwide survey, conducted by the Prime Minister's office last October and its results made public last week,
      AFP  -  158 words
    • 243 5 UPI THE AUSTRALIAN government has opened the way for the United States to operate long-range B-52 nuclear bomber» from bases In Australia, The Australian newspaper said. A top-level US Air Force assessment team is scheduled to arrive today at the government's invitation to
      UPI  -  243 words
  • Page 5 Advertisements
    • 61 5 The daily Aircraft Schedule hae been held over due to pressure of space. Flight information by telephone can be obtained from the airport (*****8) or from the respective airlines: SIA *****47/*****48, Garuda *****7, MAS *****2, CPA *****7, Qantas *****01, BA *****01. Couturier of the Elite and more 'liii CHOSEK CO.
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    • 340 5 For all Health Sports Enthusiasts The Mandarin Recreation Health Centre is here! i U-l K M jjy t* •<> Walk a while or jog a mile. Get on the exerbicycle and tone your muscles. Or lift some weights to get into shape. Then just relax at our hydro-pool; and not
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  • REVIEWS
    • Article, Illustration
      942 6  -  By PATRICIA GOH JULY looks as full as June, what with the Singapore Symphony Orchestra (SSP) into its third series, the Ministry of Culture offering four concerts, several educational institutions offering variety shows and the National Theatre offering their own presentation as well. Two well-known girls' schools will
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    • 626 7  -  S W TAN THESE they were, i grsup eeutateteg aeme sf the meat premising y*ug masietens in Stegapere, ysaths whs have been thickly tevslved with srcbestras like the Geh Bmb Tlee String Orchestra, the Slagapere Yfcath Oreheatra aad the Stegapere Philharmanlc Oreheatra. A little elder
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    • 889 7  -  G Hoist: The Planets (newly recorded) London Philharmonic Orchestra Geoffrey Mitchell Choir Sir Adrian Boult HMV ASD 3649 C Saint Saens: Symphony No 3 in C minor Op 78 (organ) Philadelphia Orchestra Organist: Michael Murray Eugene Ormandy Telarc DG ***** (pre-release copy) Reviewed by
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    • 502 7 Africa is being both tragically over and undermined at the same time, according to the concerned authors of this book for the researchinclined. Title: Africa Undermined Edited by Ronald Segal Published by Penguin Books, 1979 592 pages. Reviewed by SALMA KHALIK THIS BOOK is practically everything
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    • 764 7  -  By RICHARD SEAH IT IS ALL right to indulge in a little sin sometimes. Or so it inevitably seems in Woody Allen's comedy, Play It Again, Sam; it may even boost your self-confi-dence and your morale, though perhaps not your integrity. Yes, moralists would certainly have
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  • Page 6 Advertisements
    • 854 6 BANK OF INDIA (CMstltated hi India) BALANCE SHEET AS AT 31ST DECEMBER 1979 CAPITAL A LIABILITIES PAID UP CAPITAL: (Wholly owned by Government of India) Reserve Fund and Other Reserves Deposits and Other Accounts: Borrowings from other Banking Companies, Agents, etc: Bills Payable: Bills for collection being Bills Receivable as
      854 words
  • Page 6 Miscellaneous
    • 482 6 LEISURE TIME EXHIBITIONS HAVE your portrait sketched in charcoal by Mohamed bin Mohamed at the Oberoi Imperial Hotel. More than 20 charcoal and oil works by this multi-talented artist (he is also an actor and bersilat instructor, among other things) will be on display till July 12 at the patio
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    • 26 6 BliStoW: FmnkDici&ens hoo u)eRe"SDLD 'iesTe^DAy WVAPT OUR L^eee f*=> F«cTwtfS £*?sr iNt v«pi?D of rr... DcH'-r TvtfVT 2>p PLtß^e.. BF*AG> GOGS -rue >£A<?S V\oud HOftL < sprnsr*E.t>."...
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    • 1368 6 Lillie leads the field TINA Ckariea will defUtety ke the •ttnetUi k uaigkt'a KatertaJman Om Tear. Ske appears, kawever, «|v aa a gidt af iagcr E»kil» Hum trem ■Mat lit to ke eriaeed. Storywke, liiwUy, it wj Mt really ke toe rwite freea Dmm, kat la wtt aad ckarm, It
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  • Page 7 Advertisements
    • 134 7 Borobudur Intercontinental Your Business Centre in Jakarta. If you travel frequently you'll expect your hotel to offer some kind of business centre to assist you. You probably won't expect one that offers services like ours. Like 24-hour telex, telephone and message facilities, secretarial and translation services. Like small conference rooms
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    • 98 7 An Invitation to the Korean Auto Parts Show E O o=o S X o o o s T o n n 6 oofl o \OO j yooo Q o OoQo/ Q Q For the first time in Singapore, the widest range of Korean, made auto parts ever to be exhibited.
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 71 8 JULY 04 Frs FORWARD MARKET Acec 290 -1 1750 440 -2 682xd 10 1434 2 990 18 232 2 295 11 Ebes 1920 15 6140 70 Gb-Inno-Bm 2385 -15 Gev 1236 14 Hobok 2635 10 5120 40 Ryl Dutch 2470 40 1260 14 Soc Gen Belg 1496 6 3350
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      • 268 8 JULY 04 Frs CORBE1LLE Air-Liquide 427 >13.9 B S N Gervais Danone 1037 13 C S F (Thomson- 7.5 c»l) 488 Cle Francaise 245 2 des -Petroles Compagnie Flnanctere Compagnie 366 0.1 Generate Credit Foncier -1.9 De France 430 10^ Hachette 1 (Libralrie) 239 50 Machines Bull 56.70 0.1
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      • 213 8 JULY 04 Dm Aeg-Telefunken Akzo AIU Leben B100 21 SO *****0 0.5 25 Allz Vers BASK 424 00 ***** -6 •1 Bay H T WDank Bay Vbank 247 00 XI OOB ***** 0.5 -0.3 BBC BMW Cassella Chem Verw Commerzbank Conti Gummi Daimler-Benz Degussa 311*0 153.00 330 00 277
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      • 168 8 JULY A Fls ABN n 60 40 -06 2350 01 Algnani 296 00 3 AMFV I 84.00 u Amfiu 107 30 66 00 0.3 >0.7 Brrgosi .1 Berk 1.1 4000 86 00 18 Bols -4.-1 56.50 0.5 66 00 15 By^nkcSf; Callanrf 55 10 2250 -0.2 0.1 Calve Defft
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      • 187 8 JULY 04 AcUoni Suisse* Alusuisse Br Alusulaae Rff Brown Boveri Br. Clba Oel«jr Br. Ctba Oeio P C Clba OelQ Reg Credit Suisse Br Credit Suisse Reg Elektrowatt Br Francs 285 UK 444 1*40 1196 886 811 2116 308 2385 4/- J unch unch 1 unch 4S 20 ♦a
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      • 111 8 JULY 04 Ur» ♦VAnir 6 05 -045 Assoc G*n goooo -550 Butefi MO -10 Central* ***** •710 Flat 1680 -25 8 insider M 0 25 Gen Immob 67 -1 IKI Pn 2915 -70 llalremenu ***** -350 Haifa* 838 -1 IUlsider 322 unrh Magneti M PI 469 -7 Marelli Ere
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    • 157 8 TBT1 IUn* Mm m«t Dmi *o»u* IW-tl Tw) a «nrH H* tlurft MP v «o Cut. Df%jc%u jr. C*«ny RH Utfe* C*J> IfDf Bk O at '"»n>u 40 <*- CiUu In. n CMltnc OXMfr r<«n<«ro o™» 0*i> i>m Mmwiwi unoa IMtw a <•'- twc» Mno 17'. JOtB □oo T
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    • 210 8 IUI.V 0* fund +1INDUSTRIALS A <lpu AOtn-.*# At Alt* CI AM1C Rurlava AA *a •M g II JO f <X»' CNA ida» ■oi ■>mt Iwirt •men E/v«*< 4 U|W> feMHI |r|g yjit (9 40 uiii'Q h u«Sl 3M «<c» Oftrtrvmii) i0 lliwtto LltfcHf ftr tM n SB ■B m
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    • 876 8 NYT JUST A year ago, the International Telephone and Telegraph Corp abruptly ousted Lyman C. Hamilton Jr as its USS7OO,OO&a-year chief executive. It was, virtually everyone agreed, the personal handiwork of Harold S. Geneen, ITT's long-time board chairman who today, at 70,
      NYT  -  876 words
    • 112 8 Reuter DAIMLER Benz AG will continue to pursue its own course in the car industry despite renewed caHs for closer cooperation among European car makers. Management board chairman Gerhard Prinz told the annual meeting there are many examples of mergers and cooperation agreements in the European car industry
      Reuter  -  112 words
  • Page 8 Advertisements
    • 765 8 See page It fer Tekyo prices. Where to wine, dine and entertain Come, 'sample' an experience! DOLPHIN CAFETERIA World Trade Centm you musn t miss UkaT Delectable local dishes and Western lunches set in daintily stylish Jry Scandinavian decor. Popular SELF-SERVICE lunch daily From 10.30 am to 3.00pm and snacks
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  • MARKET REVIEWS
    • 212 9  -  Week ended illy 4 CempUed by Violet Chew OTHERS METRO HOLDINGS has mounted a defence against the Ngee Ann Kongsi, which is seeking forfeiture of a lease giving Metro the right to develop Orchard Square under certain conditions. TAT LEE BANK has formed a new
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    • 424 9 ||j New York NYT STRONG buying by large institutional investors continued last week and more than off est the large loss that the stock market suffered on Monday, when the Dow Jones industrial average dropped 13.91 points its largest one-day loss in a month. The market
      NYT  -  424 words
    • 461 9 Sydney Reuter GOOD news from the oil sector last week allowed the Sydney share market's All Ordinaries index to end the financial year by cracking the 900 harrier for the first time since mid-February. Esso Exploration's decision to pay US$4OO million for a SO
      Reuter  -  461 words
    • 938 9  -  WM London By GERALD COLVERD THE famous last words of Palmerston are reputed to have been "I am feeling a little better now." Hopefully, neither the stock market nor industrialists will share the same demise on their welcome to the cut in minimum lending rate by one
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    • 737 9 11 Singapore MIXED sentiment gave way to moderate trading at the Singapre stock market last week with neither bulls nor bears dominating. The previous Week's nervousness brought about by news of Vietnamese incursions into Thailand appeared to have restrained investor enthusiasm. Share, prices were especially vulnerable midweek
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    • 342 10 ILyo 4 AFP Tokyo stock market kJNra downturn last week lit -drive the Dow Jones «wrage below the 6,800yfiii mark as energy and tgif.rhip issues remained ignored amid investor worries over who will suclate Prime Minister lOsayoshi Ohira. However, trading was the busiest in 10
      AFP  -  342 words
    • 199 10 Bangkok Post LOW trading volumes and slipping prices in the Securities Exchange of Thailand (SET) last week reflected the prevailing market mood and activity. Brokers who have quotas to fulfil each month sat tight in view of the start of a new month. This resulted
      Bangkok Post  -  199 words
    • 488 10 AFP PRICES plunged across the board on the pre-holiday Tokyo Stock market on Saturday driving the DowJones average below the 6,800-yen mark. Nippon Oil led the continued setback on news that the first exploratory well, dug in the Continental Shelf between Japan and South Korea, had
      AFP  -  488 words
    • 795 10 W K.Lumpur 11!! i! I l"! IT WAS a week of generally erratic trading at the Kuala Lumpur stock market. Prices were affected by a spell of indecisiveness and caution, caused by the pressure of scrip and uncertainty at the Thai-Kampuchean border. But buyers rallied later in
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    • 2918 10 1980 High Low Coapu; Last Sale +orGr*s Di» DW Crt Gr's Y"M Net P/E Vol COOO) Week High Low SECTION ONI INDUSTRIAL COMMERCIAL > 370 223 149 163 324 80 316 400* 300 370 245 220 116 140 270 80 275 246' 187 285 Acma Alcom Allied
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  • Page 9 Advertisements
    • 313 9 ONE OF THE LARGEST BANKS IN THE WORLD i IS TAKING A NEW PATH TO INTERCEPT THE FUTURE.! 'I m m Historic symbol of Bankers Trust—The pyramid atop our Wall Street building t i ft m mm v: wmw B It i BBIIMMHP* m m m 88? i I I
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  • Page 10 Advertisements
    • 294 10 "Its good to n have you home" The Equatorial. Just like coming home. You feel it in the heartwarming smiles. The personal care and attention. The relaxed atmosphere where you're free to be yourself. It's coming home to 300 luxuriously comfortable rooms and suites. Superb cuisine from 3 speciality restaurants
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  • MONDAY SPORTS
    • 714 11  -  By CHARMAINE CHAN IT WAS in July last year that 25-year-old Lim Swee Wah won the Jurong Mas-" ters. A whole year passed before Swee Wah, a Singapore Island Country Club professional, got to win another major title. This time it was at yesterday's
      Picture by TAN SUAN ANN  -  714 words
    • 677 11  -  By RONALD KOW THE BIGGEST letdown of the night when Singapore recaptured the Malaysia Cnp fram Selaager twa Saturdays age must have been the tact that there was no direct teieenst of the Cnp final. Many soccer fans in the Republic,
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    • 394 11  -  CHAR MAINE CHAN TO WITNESS the Beecham men's team beat the mdchfancied SIA team by 3-2 at the Anchor Business Houses Squash League final yesterday evening was as nerve-wrecking as watching BJorn Borg get his fifth Wimbledon tennis title on Saturday night. Doubts over
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  • Page 11 Advertisements
    • 1529 11 in i 1 h v. m--71S > y t m WE fIRRfTIGE SUCCESSFUL MEETIMGS ALWAYS You win, both ways, at Rasa <p Sayang. It's indisputably the best meeting ground for conventions b»g or small. We have a Conference Hall to cater for a full-scale convention for up to 600 persons
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  • 120 12 AP AN AMERICAN Air Force jet transport carrying a cargo of six 106 mm howitzers arrived in Bangkok yesterday on the second day of a US arms airlift to Thailand, a spokesman for the US embassy said. The airlift, which already delivered 12 105 mm
    AP  -  120 words
  • 399 12 UPI MR ZENKO Suzuki, a veteran negotiator with the Soviet Union, has emerged as the favourite to succeed the late Masayoshi Ohira as Japan's new prime minister leader, political sources said yesterday. Mr Suzuki, 69, has the backing of most of the influential leaders within
    UPI  -  399 words
  • 143 12 THE Sabah state government, in its move to promote heavy industry in the state, has opted for the sponge iron project instead of the aluminium smelter. Chief Minister Datuk Harris Salleh told Malaysian Business Times that the $325 million sponge iron project would provide
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  • Page 12 Advertisements
    • 332 12 Goldmine Discovered Recent reports from informed sources confirm an amazing discovery. "When I looked at the figures, I couldn't believe my eyes" said one leading industrialist. "It's a fortune" said another. "It's just like discovering a goldmine" a respected accountant told his colleague. What has caused all the excitement? The
      332 words
    • 1410 12 SINGAPORE WELDING SOCIETY I Ist International Conference on WEIJ3ING&FABRICATION 15th 18th July 1980 World Trade Centre Singapore 18 papers will be presented and topics will include: 1. Submerged arc welding 2. MIG and TIG welding 3. Plasma arc welding 4. Heat-treatment of welds 5. Cladding 6. Design of weldments 7.
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  • Page 12 Miscellaneous
    • 67 12 WOTiHERI Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in a few areas in the late morning. Report (or 24 hoars prior to 7J p.m. on July S at the airport. Maximum temperature 32.3 Associated humidity 63 Minimum temperature 26.4 Associated humidity 93 Hours of sunshine 11.20
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  • SHIPPING TIMES
    • PORTSIDES
      • 63 13 BURMEISTER and Wain Shipyard A/S has been refused a requested 100 million crown export credit guarantee by the Danish Government. The export credit was to have been used to fill orders for seven bulk carriers. The government turned down B and W's export credit request following the
        63 words
      • 58 13 Reuter A NEW monthly container service from Bombay to New York, US Great Lakes and Eastern Canadian ports will start this month, the stateowned Shipping Corporation of India announced. The inaugural sailing was to leave Bombay last Friday, and will carry container cargo for West African
        Reuter  -  58 words
      • 61 13 UPI A SMALL tanker carrying toxic chemical products collided with an Indonesian freighter and sank in water off Western Japan last Friday. Maritime Safety Agency officials said the captain and crew of the No 3 Nikkomaru were rescued by a ship passing the area. The vessel collided with
        UPI  -  61 words
      • 84 13 Reuter AN ultra large crude carrier being enlarged in Japan to at least 565,000 dwt for the C Y Tung Group is expected to be delivered this autumn. American Bureau of Shipping president William Johnston said the vessel, originally built for a Greek
        Reuter  -  84 words
    • 472 13  -  By G DURAIRAJ THE QUANTUM of 'a general freight rate increase proposed recently by the Far Eastern Freight Conference will be negotiated between the shipping conference and shippers' councils in Asia and Europe. The conference will be represented by a special team
      472 words
    • 167 13 AFP FISHERMEN in the Riau Island group were yesterday reported to be still waiting for payment of damages which they claimed they were entitled to because of a massive oil spill-over caused by the grounding of the 237,000-ton tanker* Showa Maru over five years
      AFP  -  167 words
    • 133 13 AFP A 7,000-ton freighter stood in a cloud of smoke early on Saturday morning after firemen overcame an eight-hour blaze fought since Friday afternoon, Bangkok port officials reported. The Nakornthoo Bangkok, the largest vessel of the Thai Man tine Navigation Company (TMNC), was carrying
      AFP  -  133 words
    • 614 13 *I||H« Lte» Oat «l||ll«UM PM> CM AA-Ulic TV S EN'frjpwc IV 3 A/rt VI a Fesco V 1/2 A/r*>Eura*u vn l Holla Lauro V Ailtntn V! 5 Fortune VI 5 Alpac VI 3 Franco-8elg m 4/5 Angt titan VI 4 Fnta NVOC VI 2 AAgtoave VI 2
      614 words
    • 601 14 Seatrade US TRANSPORTATION costs have received another inflationary shot in the arm. This follows the Interstate Commerce Commission ruling that five US rail tariff bureaus could impose rates for the movement and storage of empty marine containers while it proceeds with
      Seatrade  -  601 words
    • 993 14 RECEIVING OP EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL 1 NB. (n Eacft vcttelt estimated time of arrival is advised by in* snipping UnevAgent and la subject. 10 change (1) All export FCL containers and LCL cargo must be delivered to um Aathomys premises during the
      993 words
    • 1322 14 BUSINESS appeared to be slackening off in most sectors with rates also softening on Thursday. Some brokers suggested the quieter conditions may be due more to deepening recession than purely seasonal influences. The time-charter sector which has been active was much quieter although the Chinese reportedly fixed a
      1,322 words
    • 1407 15 Financial Times A FEW months ago a Greek entrepreneur bought three rusting cargo ships, each of them over 20 years old, for around $1 million each. At the time there was nothing unusual about the transactions except for the purchaser one
      Financial Times  -  1,407 words
    • Article, Illustration
      424 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cecil* Maersk (after Thermopylae) 47 Cherry Bagus (0700 after Bright Moon, subject free board) 29 Chun Jin (1000) 40/41 Jastarnia Bar (after Hupeh) 44 Kota Bali (Passenger) (0700 after Asian Clipper) 10/11 Kota Timur (1800 after Kota Bali) 10/11 Kawana (Ro/Ro) (after
      424 words
    • 3011 19 BCHEPIMS A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      3,011 words
    • 142 20 BESIDES Its active purchases of secondhand dry cargo tannage, China Is also rapidly building ap the specialised ele- meat in its merchant fleet. The Naa Km with a slewing stern ramp became the first roli-on/roli-off ship in the fleet of China Ocean Shipping Company.
      142 words
    • 318 20 LONDON secondhand tonnage brokers reported the following transactions last week: ■arendreeht a 33,000 dwt bulk carrier built in 1973 sold to German buyers for US$l4.5 million subect to inspection; Dorie Arrow a bulk carrier of 30,761 dwt to Chinese buyers for around $9.6 million; Japan Itaira a 37,964
      318 words
    • 241 20 THE shipping industry came under attack at the closing session of a seminar on shipping fraud held in p New York recently in a tough speech by Mr Paul Sarlis, secretary general •of the Greek Ministry of Mercantile .«Marine. "The new morality of modem societies,"
      241 words
    • 283 20 CONSIDERABLE activity on the tanker market last week as operators endeavoured to clear up their business before the long holiday week-end in the United States. But there was such an over-supply of tonnage, that rate levels did not benefit from this influx. Comparison with
      283 words
    • 148 20 Reuter THE Italian trans-Atlantic liner Leonardo Da Vinci caught fire at La Spezia, Italy's western port on Thursday. Harbour authorities described the damage as enormous. A member of the maintenance crew on board the liner was overcome by smoke and taken to hospital. The 33,340
      Reuter  -  148 words
    • 1498 20 The leading shipping lines operating from loeal Crfts and the agents who handle cargo bookings r them. A B Adriatic Caataiaer Continental Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agencies (S)/Euro-Asia Line (PK/PN). Alfred C. Taepfor Sea Consortium (S)/Marintex Enterprise (PK). Alpae'— Intrasea (S)/Yeo Shpg and
      1,498 words
  • Page 13 Advertisements
    • 343 13 a st class transport Agents: Nedlloyd EAC For further please refer to page V Scan Dutch IA RI) I\ 1 A MAM Orient Overseas CwlcmteA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) lamn CHEF 20W S. SEAS ma 27* Kmw CORAL m am com wot m KOREAN MCCJM M
      343 words
    • 284 13 SEALORI) ANTAH UASC UNITED ARAB SHIPPING CO (SAG) Dubai (28/7), Dammam (31/7), Kuwait (3/8). Doha (6/8). Abu Dhabi (9/8) Mina Qaboos (27/8) Mina AL Fahal (29/8) Dubai (31/8) Damman (2/9) Kuwait (4/9) FULLY CONTAINERISED SERVICE Mina Qaboos (26/7). Dubai (28/7) Dammam (30/7). Kuwait (1/8). Abu Dhabi (3/8). Bahrain (5/8) Doha
      284 words
    • 19 13 CONTAINER Schedules n LONDON Freights U/TH SHIPS In Pert in SHIPPING List VH REGIONAL Weather vm Ship 5a1e5....................................... vm
      19 words
    • 443 13 Nedtoyd Lines t Call us We call the world Agents: N«<Jlloyd EAC Please refer to pagfcy MAERSK LINE EXPORT TO U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA AND ASIAN PORTS. T3P Saled h *rt 1-9/7 13-14/7 14-16/7 20-21/7 22-23/7 27-21/7 2S-2S/7 3-4/1 5-4/1 10-11/1 Ill Or/i 3G injapore Ctosmj Tmms CT
      443 words

  • Page 14 Advertisements
    • 419 14 m LEO SHIPPING PTE LTD. SINGAPORE PERNAS-MISC *355} SHIPPING AGENCIES SDN BHD PORT KELANG PENANG 'v HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 MALAYSIANNTFRNATIONAL SMPHNG CORPORATION BERHAD imm Srwct To_Europ« 1) Barcelona. Genoa. 2) Amsterdam Antwerp, L.Hawe. Bilbao, Basic. UK. 3) Bremen Bremenhaven. Aartws. Copenhagen, Helsinki 4) Malmo. Stockholm.
      419 words
    • 205 14 BBS SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF riUH Ma trroKl cm mm m cmm rami CANADA SINGAPORE CAUFORNIA EXPRESS CONTAINER SERVICE ONLY 22 DAYS CM«Mt TkM I tTPCK I Laa fc«ata/l •mc* Sa« FfaacMw/OMMM Stodrtaa im Dfep MB FMM I 3-3/7 I 25/7 21/7 2t/7 28/7 Fa
      205 words

  • Page 15 Advertisements
    • 544 15 Overseas j j Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok COWTMOSW sawCE TO UK/COWOT: trb«n I'dM Spar* Dm** Bum Kw*rv LeHawe Cardfcanßa y UM 31 M 2 Aug 30 M 5Am Largs Bay 12 M 2 Aug 4 Aug 5Am 7Am
      544 words
    • 445 15 I E Franco Belgian Services I F.r h'r,:.ch >i'n li< uilk fitljiatl t'ur I-int*' amruac i UMB 15 icmK cat* 22 am common M lIM M MM Mr a Mr Mr a Mr U Hnn r*a HW| mum l*Mif rim Kftaf rHw» I'm* UNm MltM* raan C CONTAWR IS Mi
      445 words

  • Page 16 Advertisements
    • 431 16 Ml ai IftjtTM-tUMPE 'i-: 'n. »■>*' Gam Trieste 1/t 8/8 10/8 17/8 19/8 25/8 Spore PK Pf« Bdbao Gam Wbwf Bremen Mm Mao 12/7 15/7 11/7 8/8 18/8 IVB 13/8 14/7 17/7 17/8 25/8 22/8 28/8 21/7 11/8 17/8 15/8 long Oakland Seattle/ HK TW Tokyo/ Kobe Susan fhama 11/7
      431 words
    • 717 16 KOREA LIME SHIPPING CORPN P. Kato« POVMC STORE ALTJUR 153R 17/20 My 21-24 My 25/29 My FROM BUSAN ALTAR 154E 17/20 July 21/24 July 25/29 My TO BUSAN VEGA 151W 10/14 Auc 15-18 Aug 19/23 Ml FKMMM VEGA 152E 10/14 Auf 15-18 Au| 19/23 Au|To BUSAN ■iruaai n ivf rvii
      717 words
    • 435 16 (7) EVERGREEN LINE f AR [AST EUROPF [XPRLSS FUII CONTAINFR SERVICE ACCEPTMG CARGO FOR; HAMBURG. FELBSTOWE. ROTTERDAM. ANTWERP. LE HAVRE ALSO ACCEPTMG CARGO FOR; UWTED KINGDOM SOUTHAMPTON. LONDON, MA/OCSTIR HRMNGHAM BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY HOLLAND BBTTBAM I«*NW 11 Mr m IN SN IN »N V aw HN i)N
      435 words
    • 602 16 Everett Lines, ~n Biirim Fivt Stic Shippifi) Corpn "BURMESE NATIONAL LINE' LOMNNG FQI RANGOON r) vunm 17/11- -S.C Aganft in Motayvo BO4JSTEAD SHPWNG TO. NOS KL *****2/*****9 Cwpwii Anwti— Do Mi tin lotwotiowlol S. A. C.I.F. "ARGENTINE NATIONAL LINE" r W LOMXNG F« DURBAN. CAPETOWrV*MONTEWEO, BUENOS MB W. 11/11 «N|
      602 words
    • 496 16 :ll^^ra)l u l [MSI OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE AUSTRALIA SERVICE ft»iiw P. Mm| LaaMvlar I 25/26 My 27/21 My St#, ML, MB. BANGLADESH SERVICE l SaM OfTTAfiOMG, CH* JAPAN/STRAUS SERVICE m m-i m. MHHW W SaM MPart PALM 9/7 HAL ASntATION 12-14/7 CONTMB MO MiACENTSP. K ocean
      496 words

  • Page 17 Advertisements
    • 1023 17 k. KOTI TIM lOTA CANTK PIL GROUP EAST AFRICA/REDSEA SERVICE SK. 1«/U k* M/1S A* Dircs SaUan Motirtnu Hoded*. MM. Port S«4an Ann TMt llAi Mr 14/17 Mr fmmt Laedtagtar MM. MM COLOMBO/KARACHI/P. GULF SERVICE ROTA AGUN6 11/15 My Dubai Kuwait Karadi lOTA ICGAH 10/15 Aag HOT* MAWMt 11/15 My
      1,023 words
    • 619 17 s <1 I II ll I I BEN LINE CONTAINERS QHBS CONTMER SMS TO/HHM BMK BXXSA, r mn P tataj U/7 U/7 M/ 7 »/7 l/l 4/1 M/l a/i rut Am>bA«<— r> fiaaceMlU. a/7 jt/i a/7 s/i 4/1 .vi vi v> 7/> a/7 VI 11/ l 12/1 M/l 7/1 VI
      619 words
    • 613 17 z Scan Dutch V 3 3 m/t an mi vt LJ M M M V 7 1/7 14/7 kM 1/7 7/7 V? M/ 7 U/7 U/7 11/7 M/ 7 IV7 17/7 a/7 1) Mm. SMMM (MB. MM 4) MM* MMM. UK 5) k AU. U MM* ILLM> t FCL/ra. <
      613 words
    • 382 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REIMON ft SOUTH AFRICA KUANTAN SMGAPORE eta Ram Pt Eta (ate accapfam East I STREAMRANK ItAVEKAHK 11-13/7 14-11/7 21-25/8 27/7 3/9 2/1 9/9 9/1 16/9 13/1 19/9 carp) Lukes Lines U S. NEST COAST SERVICf T/S M ROtC (Ua* •#> Fmtcr DODO ETDSnitETDM* Hmo
      382 words

  • Page 18 Advertisements
    • 789 18 w K LINE KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA feeder Kssar n 9 Mono nsu USwOX SaM 9/7 tap* Act C*M> ta 21* 15/7 11/7 GMte Cite IMp MM Mm B«uUAc. 22* 21/7 23/7 ftdfc Anw Cmfm At accipUMi B»»W St Mm. HMb TO EUROPE 0
      789 words
    • 489 18 CALFORNA/PACFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE L«a*l tar. LOS AKEIEX SM FRANCISCO. SEATTLE. TACOM. MMCOHO. 8C «CMHN FO/FO. CmUM* for wr AUSTRALIA EXPRESS CONTAMER SERVICE hr MM imuiai 1 kopkiFa/rac JAPAN SERVICE Mpya, MMm§ f Mta* ban KwitM nft/;wi a) 12/13 Mr 13/14 My IS/lt My 17 My INDIA
      489 words
    • 660 18 S,\ (il'Dlll) SINGAPORE SHIPPING AGENCIES PTE LTD ?OIH LOOK <>C{ AN HjILDING SINGAPOHf 0104 MAttKt TING *****? it INI S GFNIMAI *****1 MLINfS 'FLfX HS ?4'.9t> RS ?Sb6B A B CAHSHIP TABLf CAHGOSMIP im Container Lilies WEEKLY CONTAINER SERVICE to/from BANGKOK S'POtt(Wid) »/10 My 18/17 My 23/24 My 31/31 My
      660 words
    • 599 18 Bqranard line INDEPENDENT A TTRACTIVE RA TES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING COSTAtSEK CAM GO FCL OSLY FOR PORT SAID. ALEXANDRIA. BEIRUT. LATTAKIA, U MAS SOL ISTANBUL PIRAEUS Specially engaged agents A stevedores providing immediate discharge POtnjPf SIM V.3M MANSMGV.4O* MM CtfONG ».«m„ +Caht Part SaU. Hum srs i »A*
      599 words
    • 693 18 4> INTRASEA (PTE) LTD. Faber House 23JE Orchard Road Singapore 9 Telephone *****11 *****57 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE WKMIM79. NORASIA NBI7. S'p« P. Kateng Penang Lm*« tar bPt SM BOULOGK/ ROTTERDAM/UK (AVOP 29 M 2 ta| BOULOGK/UK (AVON) 9Am 13 tec ROTTERDAM/CAEN Agents: MTRASEA (ME) LTD 2352(11
      693 words

  • Page 19 Advertisements
    • 745 19 NOL NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): Container feedered to/from F'stowe Also accepting cargo to/from Scandinavia Hlwf Br em k'm 1/8 2/8 5/1 6/8 7/8 10/1 13/8 14/8 15/1 20/8 21/8 23/1 25/8 26/8 28/: 30/8 31/8 2/ 3/9 4/9 6/ FCI Cargo 2300 7/7 LCL Cargo 1100
      745 words

  • Page 20 Advertisements
    • 475 20 r EGYPTIAN J INTERNATIONAL LINE (EIL) EGYPTIAN FLAG DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT SAD ALEXANDRIA PYRAMDS U SfWOU Car to Bookings Pteate Phone *****43 MARTHA)* CARGO PLEASE CONTACT SC HE NICER SINGAPORE -TEL *****11 FROM EGYPT PYRAMDS U SPHMX U ALEXANDRIA SINGAPORE Saled My 11
      475 words
    • 416 20 MALDIVE LINEI MALDIVE TRADER LOACHNG FOR SALALAH/ MUSCAT MALDfVE CREST LOADING FOR MALE/ COLOMBO CUMAX PEARL LOADING FOR KUWAIT SOPHOCLES Eta S'por* In Port In Port 16/7 Eta Pari Kdtng 10/7 17*7 18/7 (KUANTAN) 29/7 LOADING FOR ADEN MALDIVE SEAFARER 25/7 LOADING FOR DUBAI MALDIVE PROGRESS 30/7 LOADING FOR DAMMAM/
      416 words
  • Page 20 Miscellaneous
    • 161 20 Regional fi m i X N i fc. r i 1 I y i Ol VL SS x< n *t :ox SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstorm Temperature °C v Shower Weather Wind direction with speed in knot* V Dew P o c Wave
      161 words