The Business Times, 16 July 1980

Microfilm: NL10697
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MX.(P) No. 119/1/81 WEDNESDAY, JULY 1«, lttl 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Air agreement
      74 1 A VERY liberal air services agreement has been reached between Singapore and Chile after two days of talks in the Republic. The director of the Department of Civil Aviation, Mr Lim Hock San, said an agreement will be signed today. This will be Singapore's first air services agreement
      74 words
    • Article
      Lock icon Work resumes on complex
      85 1 AP TOKYO, Tues. Several hundred Japanese workers and technicians have returned to Iran and resumed construction of a US$3.3 billion Iran-Japan petrochemical complex delayed by the 1979 Iranian Revolution, an official of one of theparticipating Japanese companies said. The source, who asked not to be named,
      AP  -  85 words
    • Article
      Lock icon Mobilisation order
      66 1 AFP COLOMBO, Tues. The Sri Lankan government has begun mobilising volunteers of the three armed services as nurses went on strike and other opposition trade unions prepared for a general strike. The mobilisation order went out as reports started pouring into the health ministry, saying that nurses in
      AFP  -  66 words
    • Article
      Withdrawal from MTUC
      71 1 KUALA LUMPUR, Tues. Another two MTUC affiliated unions, the Malayan Nurses' Union and the Mara Institute of Technology Academic Staff Association, have decided to pull out from the MTUC. In the case of the Malayan Nurses' Union, it is the fifth public sector union to decide to
      71 words
    • Article
      Lock icon Asean training centre
      71 1 Reuter KUALA LUMPUR, Tues. New Zealand is to help set up the proposed Asean dairy training centre in Malaysia, a New Zealand High Commission official said. Miss Maureen Omeeghan said the regional centre is expected to be set up by early next year in Malaysia's southern town
      Reuter  -  71 words
    • Article
      Lock icon Japanese pledge
      75 1 AP KUALA LUMPUR, Tues. —'japan will continue to support Malaysia's economic growth and the Asean stand in the Kampuchean crisis, the Japanese Deputy Foreign Minister, Mr Keyoaki Kikuchi, said. He made the pledge today when he called on the Malaysian Foreign Minister, Tengku Ahmad Rithauddeen, here. The two
      AP  -  75 words
    • Article
      Lock icon Dow Jones
      59 1 AP NEW YORK, Tues. The stock market rose again this morning after yesterday's upsurge past the 900 level in the Dow Jones industrial average. The average of 30 blue chips climbed 6.57 points to 912.12 in the first half hour. Gainers outnumbered losers by close to a 3
      AP  -  59 words
  • Article
    Chief Price Changes
    140 1 Rises C Sugar* N8T 800 135 000 +80 M U I 1170 70 O U E 750 70 Sealioa 286 +20 Sin Chew 452 10 Ea*o 500 15 Sea View 271 11 Selaagor Dredg 010 10 H Royal 205 10 Gold Cola 1M Maiaa Ctaiaera 430 +8
    140 words
  • Article, Illustration
    KUALA LUMPUR
    146 1 Falls Catlefield Rahman Hyd Tan Cboog Magnum Kg Lanjut K Kampar DMC S Kinta Con Pit Wnt 2180 1300 845 1010 580 780 860 1640 580 -170 -70 -35 -30 -20 -20 -20 -20 -15 Rises C Sugars M U Ind A Hitam (T) A Amal M Contain
    146 words
  • Article, Illustration
    URA offers 21 sites for tender Two parcels at Marina Centre
    645 1  -  EIGHT PARCELS FOR OFFICES By AGNES WEE THE Urban Redevelopment Authority (URA) is offering 21 parcels of land with a total area of 165,066 sq metres for private development in its 9th sale of sites. This time the payment
    645 words
  • Article
    Employers to decide on above-average
    257 1 UNIONS will respect the right of employers to draw up a performance evaluation scheme, where none exists, for identifying above-average workers qualifying for merit increments in the latest National Wages Council gui4.e%. lines. ft there Is already in existence a performance appraisal scheme, it can
    257 words
  • Article
    Tat Lee company deal nets $6.8 m
    426 1  -  *9 BIBIANA CHOO PAN Malayan Holdings, a subsidiary of Tat Lee Bank, has sold its 20 per cent hokiihg in Keng Soon Finance t+Qagn** Corp©ration. The sale of 1.26 million Keng Soon Finance (Keng Soon) shares of Msl each at M 55.60 per
    426 words
  • Article
    Foreign insurance deal by Chinese company
    274 1  -  By LEE YOKE MENG THE People's Insurance Company of China (PICC) has embarked on its firstever Joint-venture with a foreign insurer. It recently signed a formal agreement with the American International Group (AIG) to establish the China-America Insurance Company. This 50-50 joint-venture has an
    274 words
  • Article
    Consumer prices rose 10.1pc last month
    224 1 CONSUMES price* reae. WW the mme mmtk laet year, ip elgktty (ran 1M k Ike preview Aeeerdtag it Ike Departweat ef StklWta, Ike a! laereaae last aZtt •m ite aaalaly to higher ratee ef* laereaae la ike eeat if kiidef trawpeil nkeelliMiM Hew. heaafag
    224 words
  • Article, Illustration
    Gold prices continue to plunge
    334 1 GOLD plunged to a low of US$6l4 yesterday as the market entered its second consecutive day erf panic selling. It was fixed at US$62l in London yesterday morning, the lowest morning fix since the beginning of this month. Soon after this fix, the market slipped
    334 words
  • Page 1 Advertisements
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      0 1 }}\.[_\%(@=',_(|>-~`@{/}++-$;`[
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    • Advertisement
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      132 1 ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments taking place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided intasix separate reports of about 8,000 words each. There is a dual index
      132 words
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      Page 1 Advertisements Column 3
      48 1 SHIPPING TIMES TEISA PMk to get tMte 4 WHY priee ef UMW cwnpoilitoi. 2 geiag ap DETAILS ti ilith URA rite SINGAPORE'S peti mie. f project vUMe FINANCE kNM etUl pay the MIDLANDS pto to a beet sa vtags rates 9 AIRCRAFT S, TV AND RADIO f, CROSSWORD
      48 words
    • Advertisement
      Page 1 Advertisements Column 4
      119 1 DTBSO DTI2OO DTIBOOR Independent consumer Rl studies in the United States rate Ricoh's total performance consistently high. In the area of reliability it has been rated the highest over all copiers in its class. Ricoh places more copiers than any company in the world A success we believe is attributed
      119 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Tetra Pak to get its first taste of competition
      643 2  -  By RICHARD SEAH TETRA PAK, a regional monopolist in the aseptic packaging qf UHT (ultra-high-temperature) milk and other non-carbonated drinks, will get its first taste of competition when a German rival sets up manufacturing facilities in Singapore. Papier-und Kunststoffwerke Linnich (PKL),
      643 words
    • Article
      Minister to open meeting onMNCs
      186 2 AN INTERNATIONAL conference on Multinational Companies and Asean Development in the 1380s will be held in Singapore in September. The four-day conference will be opened by Mr Goh Chok Twig, Minister for Trade and Industry on Sept 7. Dr A R Soehoed, Indonesia's Minister of
      186 words
    • Article
      Seminar on accounting
      84 2 A SEMINAR on financial accounting for non-financial executives begins today. About 90 pariticipants from Asean countries, South Korea and China will attend the three-day seminar. The legal issues in accounting practice, balance sheet Interpretation, profit and loss and financial data statements and cost control techniques are the
      84 words
    • Article
      Germany imports more
      320 2 SINGAPORE'S exports to West Germany increased by more than 38 per cent to $1.05 billion last year. West Germany moved up from the sixth position to be Singapore's fifth largest trading partner. Total trade with West Germany last year amounted to about $2.5 billion, a sharp 31
      320 words
    • Article
      Local companies look to Johore
      458 2 JOHORE, one of the fastest industrialising states in Malaysia and one that stands to' benefit from Singapore's policy of restructuring its economy, has so far had 71 manufacturing establishments to its credit. By the end of last year, the state received investments worth $178.5 million.
      458 words
    • Article
      TOSHIBA REFRIGERATORS CONSUME LESS ENERGY
      210 2 TOSHIBA refrigerators consume less energy than other popular brands, according to a test carried out here by Mr M. Utsunomiya, a Toshiba research and development engineer from Japan. The tests, carried out at Guthrie's workshop in Singapore, tested Toshiba refrigerators of three different capacities with
      210 words
    • Article
      JAL to increase flights
      123 2 JAPAN Airlines will increase its share of the airline market when it introduces 10 more flights a week out of Singapore from November this year. Three of the flights will be to Hongkong while the rest will be to destinations in Japan. Soaring fuel costs have
      123 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      190 2 STANDBACK! TOWN The BMW 7i series is truly an exercise in elegance and function. The road handling and performance are worthy of a racing machine: with incomparable comfort and styling. The 728 i, 732 i and 735 i versions are powered by en9'nes Of 2.8, 3.2 and HB\\ 3.5 litre
      190 words
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  • REGIONAL
    • Article, Illustration
      Lock icon Australia warns EEC of A$1b trade cuts
      301 3 Reuter AUSTRALIA has warned the European Economic Community it will consider trade cuts worth All trillion in retaliation (or any adverse effects from the EEC's planned sheepmeat regime, Trade and Resources Minister Doug Anthony said. Speaking to reporters after a meeting in Canberra
      Reuter  -  301 words
    • Article
      Lock icon Chinese factory asks workers to buy its shares
      191 3 Reuter WORKERS in a furniture factory in the north-east Chinese city of Harbin have been asked by the management to buy shares in the enterprise to help solve a cash-flow problem. The Workers Daily reported the move towards direct worker ownership of
      Reuter  -  191 words
    • Article
      Lock icon Tripura appeals for more troops
      230 3 AP THE Chief Minister of India's socialist-ruled northeastern state of Tripura, where bloody ethnic clashes took place last month, has again appealed to the central government to rush additional troops to the state. The United News of India Agency reported that Chief Minister Nripen Chakraborty
      AP  -  230 words
    • Article
      Lock icon Reports damaging relations
      143 3 Reuter TWO Indonesian newspapers, including one published by the government's Golkar Party, said yesterday that relations with Australia could be seriously damaged by Radio Australia's reports. The newspapers, Golkar's Suara Karya and the English-language Indonesian Times, were commenting in editorials on a report that Mr Peter Moore,
      Reuter  -  143 words
    • Article
      Lock icon Korean car-parts makers want KL partners
      161 3 AFP SOUTH Korean car-parts manufacturers, in Kuala Lumpur to exhibit their products, are also looking for joint-venture partners. The manager of the Korean Trade Centre, Mr Kang Dae Kyun, said several of the manufacturers participating in the five-day Korean car-parts show plan to set
      AFP  -  161 words
    • Article
      Lock icon Sihanouk no to China's invitation
      115 3 AP PRINCE Norodom Sihanouk said yesterday he will return to China at the end of this month, but is giving up politics and refusing China's invitation to form a coalition in Kampuchea. In a telegram from Pyongyang, North Korea, sent to the Associated Press in
      AP  -  115 words
    • Article
      Lock icon US businessmen to help refugees
      446 3 UPI AFP THE American business community has launched a drive to raise US$4O million among America's largest corporations for Kampuchean refugee relief efforts. "While governments have provided quite a lot of funds, they simply are not adequate and must be supplemented," said Mr George Stinson,
      UPI; AFP  -  446 words
    • Article
      Lock icon Suzuki urged to improve relations with Moscow
      519 3 Reuter AFP THE Japanese Foreign Ministry will urge Mr Zenko Suzuki to improve relations between Japan and the Soviet Union after he is designated Prime Minister tomorrow, Foreign Ministry sources said yesterday. The sources said moves to improve relations with Moscow, which have
      Reuter; AFP  -  519 words
    • THE REGION IN BRIEF
      • Article
        Lock icon RICE BIDS REJECTED
        532 3 Agencies THE Thai government has rejected as too low all bids submitted at the rice auction last week, an official of the commerce ministry said. Last week, the government offered for sale by auction about 13,000 tonnes of AAA One Super broken rice originally intended for Vietnam,
        Agencies  -  532 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      121 3 tl II II II II II II II II II II II II II II II II a II h ii n 11 I II I ii ii A r 1 ■111 Easy going to the East coast lIS. A. We cover seven major East coast destinations. New York, Washington,
      121 words
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  • RAW MATERIALS
    • Article
      Lock icon USDA predicts smaller grain stock situation
      307 4 Reuter TOTAL US grain/oilseed supplies are likely to tighten in 1980/81, the US Agriculture Department (USDA) said. The department said a smaller feed grain crop than last year's and expanded grain use will likely more than offset the projected record 1980 wheat crop and
      Reuter  -  307 words
    • Article
      WHEAT
      167 4 THE Chicago Board of Trade wheat futures closed up the 20 US cent limit after trading in a nine cent range on Monday. Limit gains in corn and soybean futures sparked demand which pushed wheat limit up at the start. The larger than expected weekly export commitments report lent
      167 words
    • Article
      SOYBEAN
      149 4 THE Chicago Board of Trade soybean futures closed up the 30 cent limit in quiet trade on Monday. Continued hot, dry weather across most of the soybean belt prompted buying from the start and locked prices limit up all day. Favourable weekly export commitments and reports of increased crop
      149 words
    • Article
      RUBBER
      262 4 IN Singapore, the market closed steady yesterday with August One RSS buyers quoted at 284.00 cents per kilo, unchanged from Monday's close, dealers said. The morning market finished 0.50 cents higher on some trade and speculative buying. Prices prices slipped half a cent from lunch time levels in quiet
      262 words
    • Article
      RAS PRICES
      300 4 R.A.S. prices in cento per kilo yesterday; Noon (per Ulo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 283.00 284.00N Int. 1 R.S.S. August 284.00 284.50 Int. 1 R.S.S. September 285.00 285.50 Int. 2 R.S.S. 277.00 278.00N UK/Coot 276.00 277.0*1 Int. 3 R.S.S. 274.00 275.00N UK/Cont 273.00 274.00N Int.
      300 words
    • Article
      SSR and SMR
      105 4 1 I i i z ardar f HAS Aiful Saptaa bar (Curraat Mtk) (Forward Mtk) Buytra Salic ra Bvyara S< ilWra 266.00N SSR 20 (1-ton pallet) 262 00 264.00N ***** SSR 50 11-too pailat) ***** 261 00N g, ***** 262-OON SMRCV (1-ton pailat) 300 50 302. SON
      105 words
    • Article
      Straits Tin
      82 4 THE Btralts tto price In Peaaag yesterday toil Mfll per pteal to $2421, •toe $1C betow the later■■tie—l Tie Agreement eeUi^tatonNli Seetlmeet tiriei easier, malaly depressed by evendgkt weaker Leaden advices sad lacreased disposals et tia sf the sehedatod stockpile tia sale by the US General Service AdmiaIstrattoa.
      82 words
    • Article
      CLOSING PRICES
      37 4 Rubber July 15 Singapore: Aug: 284.00 cents (unchanged) Malaysia: Aug: 288.50 cents (up 0.50 cent) Tin: M 52,129 (down $16) (equivalent to $35.20 per kilo) (down 27 cents) Official offering: 207V4 tonnes (up 46Vi tonnes)
      37 words
    • Article
      Lock icon World rubber production at record levels last year
      131 4 AFP RECORD world production and consumption of both natural and synthetic rubber were registered in 1979, statistics from the International Rubber Study Group said this week. Natural rubber consumption exceeded production by 80,000 tons to total 3,875,000 metric tons, for a net
      AFP  -  131 words
    • Article
      Produce exchange
      160 4 CHINESE Prsdaes Exelu|«r 9afifMi ini rlw*M Prte— H' lHkf Cmhml «II: Bulk fob ***** sellers, old drum (la second baud drum) fob $153.75 sellers, new drum fob $159.75 sellers. Copra: Mixed (loose) 586.50 buyers Pepper: Muntok white pepper fob Asia NLW $440.00 sellers, Sarawak white pepper faq fob
      160 words
    • Article
      TEXTILES
      192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, Spot ex-go-down) CsMsa yam: Chins Blue Phoenix 30s 2,200; 32s 40s 2,830 (per bale of 400 lbs). Pises gsods: Chins Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq;
      192 words
    • Article
      RICE
      342 4 SINGAPORE: Yesterday's closing prices in S$ per Idlo, ex-godkrwn: THAI WHITE: 100 per cent first das (Kangaroo) new crop 1.05, 100 per cent second class O.fO, 100 per cent third class 0 .88, 25 per cent new crop no stock, B-10 per cent 0 JO. THAI BROKEN: A-super 0
      342 words
    • Article
      LONDON MARKETS
      873 4 COFFEE: Robusta futures yesterday ended a quiet morning's trading unchanged to 3 per tonne up from Monday on sales of 756 lots tnrhiding five options. The market failed to hold earlier gains and prices eased back to finish the session around overnight levels in an other wise feature
      873 words
    • Article
      PALM OIL
      130 4 IN Kuala Lumpur, values continued higher despite reserve of sellers on further strengthening of overnight Chicago market, dealers said. Trading was active. July and August was traded M 62&50 higher to IMS In the central and southern regions while in the north, July was $15 up at $845.
      130 words
  • ASIAN STOCKS
    • Article
      Investors adopt more ambitious attitude
      603 4 TOKYO ATTENTION was still concentrated on the speculative issues yesterday pushing the leading large-capitalised and quality stocks into the background. Investors' ambitions were, however, much stronger than Monday. The total number of orders at the opening swelled four times compared with the previous day. Nippon
      603 words
    • Article
      Lock icon Hongkong
      336 4 Source: SHK See THE market opened higher in a speculative rush yesterday, but with overseas investors adopting a more cautious attitude after Mooday's violent swings, prices could not be sustained and subsequently drifted off. Trading was still active but local operators did not appear to be so bullish. Highs
      Source: SHK See  -  336 words
    • Article
      Sydney
      354 4 STOCKS closed mostly lower yesterday following a decline in overseas interest, dealers M In industrials, Ampol fell (our Australian cents to $L3B, TNT two to 12.42, Comalco »to $2JS2 and ANZ Bank one to $4.95, but BHP finned five to $1450 and CSRXto |7 JO. Among gold stocks Central
      354 words
    • Article
      Bangkok
      252 4 SHARE prices generally closed unchanged unchanged. Berli Jucker closed four baht higher at 311, while Bangkok Bank, Capital Trust and Thai Farmers were last traded at 296, 39 and 274 baht respectively. JULY IS 1 Bahts Asia Credit 136 Asia Fibre 140 ♦3 Ayuthaya lnv And Trust Bangkok Investment
      252 words
    • Article
      Manila
      101 4 JULY IS PrMn Arofr Milling 0002 unch Alia* fan A At I.ik c'cm B r.M -IS Uavuiu (told 00M -***** Urimurl ton B MOO -1 BK OoudrirH 13 JO ■u OXP Inru b I-aiMfcul l/|Wilu B -0 0075 M.irmrttiqur B 10 SO -03 Mtfalru OnrAlal A Oriental B Phil
      101 words
    • Article
      Lock icon MITSUBISHI UNABLE TO PREDICT BUSINESS OUTLOOK
      164 4 Reuter MITSUBISHI Heavy Industries Ltd said it is unable to forecast its consolidated business results for the current year ending next March 31 because the economic outlook is still fluid. The company earlier reported a 3.1 per cent gain in consolidated net income for
      Reuter  -  164 words
    • Article
      Selected indices
      50 4 FINANCIAL TIMES INDUSTRIALS Monday 480.7 Friday 483.0 Week Ago 486J) DOW JONES AVERAGE INDUSTRIALS Monday 806-56 Friday »1.13 Week Ago 89*21 HJLHANG 8ENG Tuesday 1087.04 Monday llOlM Week Ago *****4 SYDNEY INDUSTRIALS Tuesday ***** Monday ***** Week Ago ***** ALL ORDINARIE8 Tuesday 808.17 Monday ***** Week Ago «84J80
      50 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      115 4 SEIKO QUARTZ IS DIFFERENT When you've sold the world's first quartz watch and stayed ahead of the rest who followed When you're depended on worldwide for superb accuracy When you keep making major breakthroughs with unique developments like the world's first analog quartz watch with an alarm And, above all,
      115 words
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  • OVERSEAS
    • Article
      Lock icon Response to Soviet offer by Sep?
      373 5 UPI THE Uqited States and West Germany want to answer the latest Soviet offer of arms control talks by September, sources said. f US Deputy Secretary of State Warren Christopher, in Bonn for talks with West German officials, said a detailed study of the
      UPI  -  373 words
    • Article
      Lock icon British defence
      163 5 Reuter THE British government will spend £1.3 billion on new tanks and armoured personnel carriers to strengthen its forces in the European theatre against what it said was a strong Warsaw Pact challenge. A £300 million order for 240 Challenger tanks to replace ageing Chieftains will be placed
      Reuter  -  163 words
    • Article, Illustration
      Lock icon Republicans in confident mood
      485 5 Reuter THE US Republican Party's national convention opened on Monday with thousands of cheering delegates believing that Ronald Reagan is on his way to the White House. Singer Pat Boone recited the oath of allegiance and country and western singer Glen Campbell led the 4,000 delegates
      Reuter  -  485 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      769 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL TMA TL375 0715 BEY/BOM/KUL MAS MH621 0835 PEN SIA SQ101 0815 KUL RBA BI421 0930 BWN MAS MH671 0930 PEN/KUL SIA SQ211 1000 HLP MAS MH605 1000 KUL CPA CX710 1006 HLP SIA SQ103 1015 KUL
      769 words
    • WORLD IN BRIEF
      • Article
        Lock icon OFFER FOR JETTY OIL
        530 5 Agencies THE Kuwait Investment Organisation has offered almost US$l,OOO million for 11.9 million Getty Oil Company shares still held by executors of millionaire Paul Getty's will, a Washington source said. The holdings* represent 14.6 per cent of the company 's capital. Getty Oil, which made a
        Agencies  -  530 words
    • Article
      Lock icon Call for ban on Japanese cars rejected
      228 5 Reuter AFP BRITISH Trade Secretary John Nott has rejected calls (ram his own supporters for a ban on the import of Japanese cars. Last month, Japan took nearly 14 per cent of the British car market, and trade unionists have been pressing for
      Reuter; AFP  -  228 words
    • Article
      Lock icon Industrial index falls
      89 5 Reuter THE British All Industries Index of Industrial Production (base 1975) fell by a provisional 0.1 per cent in May to 107.0 after a sharply higher revised 1.7 per cent fall in April, Central Statistical Office figures show. Manufacturing output fell by a provisional 1.1 per cent
      Reuter  -  89 words
    • Article
      Lock icon No tax cut likely
      420 5 MID-YEAR REVIEW AP PRESIDENT Carter will aet prapaae ft tax art vhn he iclmm Mi Mpl review aert week, AJmlaHrtratiea mareta nli yesterday. with top re—ink- aMnn, mrte It dear he waato to stew dawa the puh (no rival Bepahttcaw aad ruagrta riaaai Dwmirti for r—
      AP  -  420 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      308 5 REGIONAL MARKETING MANAGER LARGE SHIP OWNING GROUP Owing to expansion of business in this region, an international shipping group which owns and operates one of the world's largest fleets of bulk carriers seeks a dynamic, enterprising and marketing-oriented individual who will be responsible for business development. The Group wishes to
      308 words
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  • Article
    URA package well planned
    345 6 THE URA's ninth package of development sites is well put together. The decision to provide for 74,000 square metres of new office space in the Central Area comes at a time when the squeeze on office accommodation has caused a near doubling in rental rates over
    345 words
  • Article
    Poorer but not any wiser
    372 6 THE sharp decline in the price of gold by more than US$5O an ounce in the last two days indicates that the metal, far from being a stable store of wealth, is a commodity whose demand has a strong speculative element. The decline, equivalent to
    372 words
  • Article, Illustration
    URA highlights
    1043 6  -  By FONG MEW LENG THE NINTH Urban Redevelopment Authority land sales will release a large area of land for office development. Over half of the 165,066 sq m on offer is marked out for future office projects. This should hardly surprise a property industry facing a shortage of
    1,043 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      230 6 fcv TOP MANAGEMENT SEMINAR 'A DAY WITH BLAKE AND MOUTON' SINGAPORE Saturday 2nd. August, 1980. Shangri-La Hotel. KUALA LUMPUR Monday 4th. August, 1980. Hilton Hotel. KOTA KINABALU Wednesday 6th. August, 1980. Kinabalu International Hotel. The New Grid Seminar has been developed and offered solely by Scientific Methods Incorporated of U.S.A.
      230 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1299 6 TRUMAN IN A FIX THE FOCUS ea Hairy duiag wkiek the itniaed flail gUmpar at Ed aad Tramaa ta ♦—Igfct'a Par- tetwwa ike etapaay. Next week, tkey tratta at Pamar aheald pre- United State* aad Rwli wUI ke rwplaeed by a greap vide a refreeWag ekaage, rpdtod la maay crises
      1,299 words
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  • Article, Illustration
    Lock icon Stemming the human tide
    864 7  -  By TED CHAN UPI IT IS A WAR without bullets. Hundreds of illegal Chinese immigrants attempt to sneak into Hongkong each day and toughened British troops try to keep them out. Their unceasing struggle is one of wit, stamina and determination. For the illegal immigrant, reaching
    UPI; Source: UPI  -  864 words
  • Article
    Rocking the boat unnecessarily
    819 7  -  With CYANIDE IF IT is the accepted belief that it is a mark of a civilised society that it should open its doors to those in desperate straits, then the dramatic turn of events in world history over the past decade must cause many nations to
    819 words
  • Article
    Lock icon Hanoi not put off by world conflict
    1044 7  -  Vietnam, by its attack inside Thailand, has told Z the world and its military; financiers in Moscow that it will not bend on its determination to control Kampuchea, despite the appalling economic cost at home and the diplomatic isolation abroad. Hanoi was quite
    FT  -  1,044 words
  • Article
    Car sales
    147 7  -  Letter te the Editor HLC Dear Sir, v I refer to your article published on July" 11 entitled 'Sharp increase in car sales' in, which the writer said there has been aihw increase in car sales despite stiff measured introduced in February by the Government to keep» the
    147 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      120 7 i View the elegant range of Series 600 chairs on special display at Singapore's largest furniture showroom "The Orchard". iflP of its own Series 600 Elegant chairs. Diethelm originals. Their clean modern lines add an aura of distinction to your company image The new series 600 offers some very exclusive
      120 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        205 8 JULY M Fls ABN .f. Ahold V 63.50 -0.7 Akzo fiu 2310 0.3 Algbanfc 296 00 2.5 AMEV L. 85 10 >0 8 Arilflks 106 50 -a5 Amrobnk 66 50 >0 1 Rergoss 3600 -1 Berk 86.20 -08 Bols m... 56 00 >0.5 mm 205 50 +0.5 €6 50
        205 words
      • Article
        Zurich
        187 8 JULY 14 Francs Actions Suissn 284 unch Alusuisse Br 1165 -5 AHisuisse Reg 442 -1 Brown Boveri Br 1620 -5 Clba Geigy Br 1130 unch Ciba Geigy P c 900 15 Clba Geigy Reg 610 1 Credit Suisse Br 2210 unch Credit Suisse Reg 301 unch Eleklrowatt Br 2395
        187 words
      • Article
        Frankfurt
        175 8 JULY 14 Dm Aeg-Telefunken -0.9 20 90B unch 1000 00 -50 ***** 3 ***** -04 Bay H T Wbank 243 00 296 00 -1 ***** -1 *****xri-6 ***** -2 ***** unch 274 00 OX Commerzhank Conu Gummi Daimler-Benz Degussa 174.40 65 00 261 SOB 2M50B 128 50 -01 05
        175 words
      • Article
        Milan
        92 8 JULY 14 Lire Anic 650 0.25 Assoc Gen 5/700 250 Bu<togi 552 -3 Centrals ***** 150 Fiat 1704 3 1-insider 62 -2 Ofn Immob 65 25 075 Ill Pri 2820 -17 Ilalcementi ***** 440 Italgas 625 .4 Ilalsider 322 unch Magneti M Pf 460 unch Marelli Ere 310 Mediob
        92 words
      • Article
        Brussels
        96 8 JULY 14 Frs FORWARD MARKET Acer 330 440 Arbed 1640 -40 Astur 440 -1 Brascan Bru-kamb 1440 -10 Canpar 1012 -8 Cork 237 ,-*-6 Uf Beers 297 -3 Ebes 1890 -10 Electrobel 6220 4 56 Gb-Inno-Bm 2345 -ft Gev 1254 44 Hobok 3630 4 15 Petro 4960 4 20
        96 words
    • Article
      JOHANNESBURG
      308 8 JULY 14 Rand INDUSTRIALS A Alpha SB5 5 Abercotn L 360 5 AE And CI *5 •5 2350 100 Barlows 1300 -25 Cf Sugar 1150B CNA 900 5 Currie Finance 2D6 -ft I> Beers Ind 2800B Edcon 580 uhch Edgars 8700B tinch Eve ready Fed Volk 400 unch Fuffit
      308 words
    • Article
      TORONTO
      210 8 JULY M C% AbiObi 19 unrh Alcan 31 Alfnma 32 unrh Bank Mont 27'• Bank Nova Scotia Bell Tel 20 Beth Corp BP Can Ltd L_ H. 48'• *i Braaran 28 Si Camp Red Lake 62 -3 Can Imp Bk C an par 41 unch Can par Inv Pf
      210 words
    • Article
      Lock icon Sharp rally
      1189 8 NEW YORK Reuter THE STOCK market rallied sharply in heavy trading on Monday to its best level since Sep 12, 1978, as measured by the Dow Jones industrial average. Analysts tied the strong advance to hopes the recession will not prove as severe as feared earlier, and to
      Reuter  -  1,189 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      786 8 See Page 4 for Asian stocks. Where to wine, dine and entertain Get away to Sentosa with family and friends and spend carefree days swimming, canoeing and boardsailing jogging cycling roller-skating playing golf playing tennis or squash enjoying good food and drinks It's easy. Just book our SAT/SUN/HOLIDAY-EVE PACKAGE Only
      786 words
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      Page 8 Advertisements Column 2
      45 8 Wise, Mm Relax la Cosy Al—phew at Ike Bui Steak Bene Reetaaraat The Barn Steak House is elegant in decor and cosy in atmosphere. We serve Jsiey Relax in our executive lounge with your friends/business associates over drinks. Outside catering also available. r. r V
      45 words
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  • BANKING AND FINANCE
    • Article
      Lock icon UK plans further reduction of overseas debts
      257 9 Reuter THE UK government plans to further reduce its overseas debts this year by repaying a US$l.5 billion syndicated credit raised from international hwnire in 1977, Financial Secretary to the Treasury, Nigel Lawson told parliament. Since the Conservative government took office in May
      Reuter  -  257 words
    • Article
      Markets falter as profile of US recession changes
      245 9  -  Alan Lerner The writer, Alan Lerner, is a senior vice president and money market economist of Bankers Trust. FAIRLY strong growth in the monetary aggregates in June and mixed economic statistics have placed the US credit markets on the defensive. The gains
      245 words
    • Article
      Finance houses still pay best savings rate
      599 9 FINANCE companies, according to figures applicable last Friday, still pay among the market's best- interest rates for savings and oneyear fixed deposits. But they were out-done by the commercial banks for onemonth fixed deposits. Tat Lee Finance (TLF) and Industrial and Commercial Finance
      599 words
    • Article
      Singapore market
      448 9 THE U.S. dollar Armed generally against the other major currencies in the foreign exchange market yesterday. Dealers said the dollar strength was due to higher Euro-dollar interest rates and the sharp drop in gold prices. Against the Japanese yen, the dollar opened at 218.50 in the morning and
      448 words
    • Article
      Australia/NZ
      53 9 AUSTRALIAN and New Zealand exchanges opening quotes yesterday: Australian exchanges: US$ 1.1625/1.1577 Stg 0.4908/0.4853 90 day air mail buying rates: Stg 0.5155, USSI-2Q21 90 day fwd buying rates: Stg 0.4936, US$ 1.1513 NZ exchanges: Reserve bank midrate US? 0.9889 Trading bank indications: U510.9939/0.9839 Stg 0.4178/0.4148 90 airmail buying rates:
      53 words
    • Article
      GOLD
      340 9 SINGAPORE gold futures yesterday closed sharply lower compared with overnight levels in generally thin trading, dealers said. Opening prices were marked down sharply between US$l6 to USPO an ounce following the metal's decline in New Torfc on Monday night and thereafter the market recovered around US$3 on some buying
      340 words
    • Article
      ASIAN $ RATES
      169 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on July 15: 1 7(toys 1 month 3 monttw Smooth* a month* S month* 13 months 9 7/16 95/16 •H »H •ana »t/i« 19/16 8 13/16 loi/ia 9 ant 101/16 13/16 101/16 »1V1C Sw.Fr*. Dm. l month 3 month* 3
      169 words
    • Article
      Discount
      46 9 RANGE at prim attar id by di* court houaas m July IS: Overnjfbt: »-us/wt Call depart «H% krN 3-month Treasury Ml Us 6H 6H 3 month Bftnk bills 9H tvt 1 3 months CD 9 SVk 6 months CD 8H IH Source: National Discount Co
      46 words
    • Article
      PLR
      24 9 THE average rate at which major Singa- pore banks are cor- > rently prepared to lend to their best customers is 11.2 per cent.
      24 words
    • Article
      LONDON
      212 9 THE U.S. dollar maintained the firmer trend set in the Far East and New York yesterday in generally quiet trading against the background of higher dollar interest rates. The dollar opened at 1.7475/85 marks compared with a late Hongkong 1.7475/ 80 and a close in New York of L
      212 words
    • Article
      TOKYO
      118 9 THE U.S. dollar for overnight delivery closed firmer at 219.15 yen, compared with a opening and 218.25 at Monday's close, dealers said. Trading was moderate with volume $790 million. The dollar strengthened briefly to a day's high of 219 JO yen in slow late trading before easing oo export
      118 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      505 9 Our inventions come in many different shapes and sizes. wr The world's first integrated circuit. In 1958 Texas Instruments invented the world's first integrated circuit, allowing circuit information and transistor functions to be inscribed onto a tiny piece of silicon, commonly called a chip. From this breakthrough have stemmed a
      505 words
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  • Article
    BUSINESS DONE ON THE SES & THE KLSE
    1701 10 BUSINESS DONE ON THE SES THE KLSE BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded showfi in brackets in lots of I,ooo* units, unless otherwise specified SECTION ONE INDUSTRIAL COMMERCIAL Aemm (3JBS) (32) 3.38
    1,701 words
  • Article
    Unit trusts
    154 10 HNGAFOBB UNIT TBUTT (Mieijin' prim krMH) TV Commerce 171 2.85 The Savings Fowl 1.15 1.84 S pore Prof Fund 1JB 1.35 S pore See. Fund 2.13 124 S pore Invest Fund 170 1.7fccd S'pore Equity Fund 136 1.32 OUB-MONTAGU (Mnifin' prim krMH) Union Spore Fund 1.07 1.12 INCOMB
    154 words
  • Article
    SHARE INFORMATION SERVICE
    2837 10 Gr'» Gr*s Net 1980 Last Div vDW YTd P/E Vol Day High Low Company Sale or- Crr (*000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 370 245 Acma 334 -2 15.0 2.8 4.4 135 35 340 334 223 220 A1 com 223 12.0 2-5 55 126 149 116
    2,837 words
  • Article
    In Kuala Lumpur
    1810 10 BID and offer 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 1,100 units, unless otherwise specified. INDWnUAU Alcam (2.2455) (C) 146 (2) 243 (8) 248 (4) 2.44 (4)
    1,810 words
  • COMPANY MEETINGS
  • Article, Illustration
    Lacking in positive direction
    662 10 AN EK&ATIC tradlag imatea took share prices to a mixed deee at the Stag»- lirf fManL IT, mbmmmm mimmimm ptrr owes ywifr to amay of the rtteo saheeqaeatty jMM to farther nllag. la the Heagheag Market •Med farther to the leeal oaeaoiaeoo, aa observer said, aad
    662 words
  • Article
    Busy session in KL market
    576 10 THE Kuala Lumpur stock market yesterday featured in one of the busiest trading session this year although prices finished on a mixed note. Total turnover ballooned to 9.084 million units worth $29,624 million from 8.012 million units worth $24,516 million previously. Profit-taking was discerned in
    576 words
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  • COMPANY NEWS
    • Article
      Jump in UMW shares
      845 11 REFLECTING BUOYANT PROSPECTS UNITED Motor Works shares are currently forging ahead on the local stock market in an apparent reflection of the group's buoyant prospects in the coming year. Prom a level of 12.14 at the beginning of June, the share price rose strongly to a
      845 words
    • Article
      No conclusive signs
      309 11 r Market Talk... k a IN pRDER for the present rally in the Singapore stock market to be sustained, both the Cumulative Advance/Decline and the On Balance Volume Indices must break out of their doubtful trend, says James Cowan Associates. Although the Straits limes Industrial index has
      309 words
    • Article
      COMPANY BRIEFS
      272 11 OVERSEAS Untoa Bank has appointed Mr Lee Hee Seng, from executive director to managing director. Mr Lien Ying Chow will continue to hold the dual appointment of chairman and managing director. THE KLSE has queried Malayaa United Indutrles regarding its purchase of an additional 20.8 per cent of
      272 words
    • Article
      Tongkah share in THL to be reduced
      438 11 TONGKAH Harbour Tin Dredging (THTD) will have to submit an amended scheme of reconstruction in respect of its Thai assets following the Thai government's new ruling relating to foreign control of mining leases. It is learnt that the new scheme to be submitted
      438 words
    • Article
      Profitable again
      172 11 HELPED by an increased turnover, General Lumber (Holdings) moved back into the black for the first six months of its current financial year. Group net unaudited trading profit for the first half year to March 31, 1980 was 1444,600 compared with a loss of 1119,700 in the previous
      172 words
    • Article
      RESULTS DUE
      132 11 «npm n, j, j rCfWi Date La Net EPS ■tPall Ye Grtn ■r Pre-tax last year <«*■> Dhr. Pnflt <m») M Cement I 17/7 29.3 22.5 6,254 Sel Prop I 20/7 8.5 12.0 6,885 M Credit F 24/7 2.5 5.0 4,286 Semb Ship I 31/7 > 31.6 20.0
      132 words
    • Article
      DIVIDENDS ANNOUNCED
      421 11 Current Ex Book* Date Total for Total for Payment Date Cloae Payable the year Previoae year B Semb 20%(e) Aug 18 Aug 23 Aug 30 20% t 20%(f) C Prop 0% Jun 23 Jun 30 Jul 21 10% 73% D Baby 10% Jun 13 Jun 28 Jul 23
      421 words
    • Article
      SCRIP ISSUE
      142 11 Company Particular! Ex Date Books Close Bolton City Dev FAN Grnnd Central Hume M Bonus Issue of 1 for 2 Rights Issue of 2 for 3 fegl .OO per share Bonus Issue of 1 for 3 Bonus Issue of 1 for 10 Rlghys Issue of 1 for 9
      142 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      1504 11 Location Map of Central Area Marina Centre Urban Redevelopment Authority Offers Primeland for Redevelopment v V SM*m CENTRAL /MMMAI AREA CENTRE! Schedule of 9th Sale Sites For Private Development Public Tender The Urban Redevelopment Authority is offering for lease by public tender Land Parcels (13) to (21) and is also
      1,504 words
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  • Article
    Lock icon Aussie move regrettable says Japan
    244 12 AFP TJHE AUSTRALIAN move to de-recognise the ousted Pol Pot regime of Kampuchea came as a "great disappointment," the Japanese Deputy Foreign Minister, Mr Kiyoaki Kikuchi, said in Kuala Lumpur yesterday. But it would not "very much" affect the continued seating of Democratic Kampuchea in
    AFP  -  244 words
  • Article
    Lock icon Sharp fall in Japan's June trade deficit
    261 12 UPI RISING exports of cars and electric goods offset growing imports to reduce Japan's trade deficit sharply last month. The Finance Ministry said in a monthly balance of trade report that exports rose 26.9 per cent over a year ago to a record
    UPI  -  261 words
  • Article
    Lock icon Asean's growing role
    130 12 UPI AUSTRALIA has yet to appreciate the growing importance and success of South-east Asian countries such as Singapore. "I am firm in my resolve to implement our election policy of stepping up our trading and other opportunities with Asean countries," said the state premier of Western Australia,
    UPI  -  130 words
  • Article, Illustration
    Outlook still good for petrochem complex
    419 12  -  By R< RONNIE LIM Chief Reporter HHE ECONOMIC!? of Singapore's $2 billion-plus petrochemical complex still looks good, despite recent increases in the price of oil, senior officials in charge of the project said yesterday. This is because other petrochemical-producing countries will also have to
    419 words
  • Article, Illustration
    Lock icon Suzuki urges review of expenditures
    269 12 Reuter JAPANESE Prime Minister-Designate Zenko Suzuki said his new government must review revenue and expenditure before deciding on any tax increases to help rectify the country's budget deficit. Mr Suzuki said after being named president of the ruling Liberal Democratic Party that tax increases will
    Reuter; Source: UPI  -  269 words
  • Article
    Lock icon Iran publishes interview with hostage agent
    347 12 AP THE Iranian militants holding the US Embassy in Teheran have published a purported interview with one of their American captives, Mr Thomas Ahern, 48, in which he allegedly admitted being a US Central Intelligence Agency agent and named two highlevel Iranians among his
    AP  -  347 words
  • Article
    Lock icon Midland Bank to acquire 51pc of Crocker
    181 12 Reuter MIDLAND Bank has agreed to acquire 51 per cent of Crocker National Corporation for about US$B2O million in stock, Crocker chairman Thomas Wilcox said. Crocker National is the holding company for Crocker National Bank, the 14th largest US bank. In a telephone
    Reuter  -  181 words
  • Article
    Lock icon Thailand signs two pipeline contracts
    114 12 Reuter THE Petroleum Authority of Thailand has signed two pipeline contracts (or underwater and onshore gas networks, an Authority official said. The first contract, worth U5577.4 million, was signed with Brown and Root International of the US to lay a 425 km submarine pipeline. The
    Reuter  -  114 words
  • Article
    LONDON STOCKS
    609 12 LONDON, Tiicb. Stock prices cjooco win rouowmg small demand ta a thin market, dealers said. At 3pm, the FT index «u up 7.5 points at 011 The feature in equities was the fall in Midland Buk to Sttp from 370p on news that it is proposing to acquire
    609 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      304 12 SUCCESSFUL BUSINESS depends on your STRATEGIC PLANNING. This is what Dr. James W. Taylor has installed for you on 11 STEPS TO BETTER PLANNING in the Seminar on STRATEGIC PLANNING 29-31 July, 1980 Shangri-La Hotel, Singapore Register NOW by contocting: Peggy Teo Compo International (Pte) Ltd., 1608, PSA Tanjong Pagar
      304 words
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      Page 12 Advertisements Column 2
      267 12 Disco Fever Outbreak A new malady has been reported by owners of discos. More dances, wilder dances and hotter music have caused many a disco's power bills to rise dramatically. Said one disco owner, "When I saw my power bill I started shaking like John Travolta." But then, v a
      267 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      64 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in a few places around noon. Report for 24 hoars prior to TM p.m. on July 15 at the airport. Maximum temperature 30.4 Associated humidity 74 Minimum temperature 24.3 Associated humidity 96 Hours of sunshine 3.05 Rainfall in millimetres
      64 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Dockers continue strike
        60 13 Reuter DOCKERS at Fremantle have voted to continue their strike until at least today, union sources said. So far the strike, which was resumed on Monday after last week's six-day stoppage, has delayed about six ships. The 300 strikers are demanding improved working conditions and will meet
        Reuter  -  60 words
      • Article
        Lock icon N. Korea's Nampo yard
        53 13 Reuter A 20,000-ton cargo ship, Zangza-San ChongnyonHo has been built at the Nampo shipyard on the west coast of North Korea. The shipyard has previously built several 20,000-ton cargo ships including the Taedonggang, the Chongchongang and the Yonpung to contribute to the development of the nation's
        Reuter  -  53 words
      • Article
        Lock icon More fuel oil shipments
        60 13 Reuter IRAN will increase its heavy ftfel oil, C-type, shipments to Japan from August onwards to cover the suspended July shipments, Mitsubishi Corp said. The Iranians have said that the suspension of July shipments was due mainly to congestion at ports in Iran and does not
        Reuter  -  60 words
      • Article
        Lock icon Soviet trawlers for scrap
        67 13 AFP SEVENTEEN Soviet fishing trawlers, seemingly seaworthy, have arrived in La Spezia, Italy in the last three weeks to be destroyed. The ships, between 1,000 and 1,500 tons, have all been bought by the Italian firm Coe E Clerici to be delivered to demolition yards in
        AFP  -  67 words
    • Article
      FEFC formula for surcharge will be unchanged
      739 13  -  THE geaeraJ freight rate laerease pap—ad reeeatly by the Far Eastern Freight Csafereaee may be la the regka sf II per eeal TUa was iadicated earlier this ■Math by esafereace chalrmaa Haas Jaesb Krase whs was la Lsadsa fsr dteeasslsas sa the pripisci
      739 words
    • Article
      MarIntec SEA to hold exhibition in Shanghai
      181 13 A SINGAPORE company will hold an international marine exhibition and seminar jointly with several Chinese organisations in Shanghai in October/November 1981. Marlntec SEA says the event called Marin tec Chin» '81 will comprise some 10,000 sq metres show area and held concurrently with
      181 words
    • Article
      INDEX TO ADVERTISERS
      612 13 SUpptagliae Adriatic CM SMpfiag iJ— Pw > Cat IV 5 Everett OriAfea VI 3 ent IV 4 Afro-Eurasia vm 1 Evergreen IV 3 All trans VI 5 Fesco V 1/2 AJ^ac VI 5 Flotta Lauro V 5 Angkutan VI 4 Fortune VI 5 Angonave "VI 2 Franco-Belg
      612 words
    • Article
      Lock icon ITF wins appeal against flag of convenience ships
      366 14 FT THE International Transport Workers Federation (ITF) has won an important legal victory in its campaign to drive ships flying flags of convenience from the sea. The UK Court of Appeal decided last Thursday that any dispute arising from actions taken by
      FT  -  366 words
    • Article
      Lock icon TNT denies buying 30pc stake in ABC
      431 14 Fairplay REPORTS suggesting that the Australian-based Thomas Nationwide Transport (TNT) has taken a 30 per cent stake in ABC Containerline have been discounted by the Belgian operator. ABC general manager R Huyger said TNT has approached Mr Tsvi Rosenfeld, owner of the group,
      Fairplay  -  431 words
    • Article
      Container Schedules
      978 14 RECEIVING OF EXPORT FCL CONTAINERS 9 AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrlvaf 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
      978 words
    • Article
      LONDON FREIGHTS
      1417 14 CHARTERING aqtivity was ganerally rather quiet with rates continuing to ease slightly where changed brokers said. Chinese operators secured a vessel from the US Gulf to China with grain at (43.50 free discharge for July against $43.90 previously while $30 was paid for business from the Gulf to
      1,417 words
    • Article, Illustration
      Two more rigs for Reading & Bates
      222 15 Two more rigs for Reading Bates READING ft Bates Drilling Co christened two multi-mil-lion dollar oil drilling rigs at the Marathon Letourneau Shipyard in Jurong last Sunday. The WT Adams and DR Stewart are the eighth and ninth rigs built by Singapore shipbuilders for Reading ft Bates. They bring the
      222 words
    • Article
      Panama backs lending bodies in ship sales
      288 15 PANAMA has put into effect a new law on the preliminary registration of ships' mortgages which provides full guarantees and security to lending institutions financing ship sales. The new law, which came into effect yesterday, was approved by the Panamanian National Legislative Council
      288 words
    • Article
      Lock icon UK builders to build semis under licence
      517 15 LLoyd's List BRITISH Shipbuilders subsidiary Cammell Laird and KCA International have helped pave the way towards their proposed US$4OO million rigs order by concluding a licence agreement with Norway's Aker Group to build the Aker H-3.2 semi-submersi-ble drilling unit at Birkenhead. The £70,000
      LLoyd's List  -  517 words
    • Article, Illustration
      SHIPS IN PORT
      506 15 KXPECTED ARRIVALS TODAY KEPPEL WHARVES Golden Sea 707 (Tanker) (1400 P/O Subject Gas Free) 13/14 Kota Mulia (0700) 10/11 LLoyd Bakke (0600) 6/7 Lumut (1500 after 20Thong7) 20 East Ping Chau (1200 after Amfitriti) 1/2 Perak (0900) 20 West Pontoon Sin Lian Huat No. 1 (after Pontoon
      506 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2765 19 SCHEBM.B 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
      2,765 words
    • Article
      Lock icon Rates continue to drop in the freight market
      822 20 AFP RATES continued to decline on the freight market last week, hut there were signs that the fall was slowing down. Chfcnese charterers, always' shrewd judges of the trend, appeared to feel that the time was ripe to return to the market,
      AFP  -  822 words
    • Article
      Lock icon Cuba blames Morocco and CIA for the attack
      201 20 Reuter CUBA blamed Morocco and the United States Central Intelligence Agency for the strafing of two of its merchant ships by Jet fighters off the western Sahara. The captain of one of the vessels, both fuel tankers, was killed in Saturday's attack
      Reuter  -  201 words
    • Article
      Shipping Events
      62 20 KORMARINE iateraattoaal Parte aad Harhaars Expssittoa July 28-Aug 4, Seoul, South Korea. ONB Aug 26-29. Stavanger, Norway. A conference and exhibition on North Sea offshore technology. Campaters aad SMpptag Sep 23, Uoyd's of London Press conference, Hamburg Plaza Hotel, Hamburg. lateraattoaal Sympsstaas aa Ship Opera ttoaa Sep 23-25,
      62 words
    • Article
      WHO ACTS FOR WHOM...
      1503 20 The leading shipping lines operating from local Krts 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. Twpfer Sea Consortium (S) Marintex Enterprise (PK). Alpae Intrasea (S)/Yeo
      1,503 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      375 13 hwrctt Lines KM TMI MOST FtiQUINT SAILINGS TO BANGKOK HONGKONG •JAPAN HISAN. Ev«r*tt Steamship Corpn. S/A Ct-Wofd 1 *r« *}4«» G 36 Bmc» V'M« P»wo 3* 10) OC »C M T„ 2144' J .IARDIM A M All Orient Overseas C<wicuMefi biNE Spore PJteUnc In Port 17/7 s m I in
      375 words
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      Page 13 Advertisements Column 2
      264 13 UNITED ARAB SHIPPING CO (SAG) I I I EXPRESS MULTI-PURPOSE SERVICES Dubai (30/7). Dammam (2/8), Kuwait (5/8). Doha (8/8). Abu Dhabi (11/8) Mina Qaboos (31/8) Mina AL Fahal (1/9) Dubai (3/9) Damman (5/9) Kuwait (7/9) FULLY CONTAINERISED SERVICE Loading for Mina Qaboos (30/7). Dubai (1/8) Dammam (3/8), Kuwait (5/8), Abu
      264 words
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      Page 13 Advertisements Column 3
      17 13 I KETCH CONTAINER Schedules LONDON Freights SHIPS In Pert SHIPPING List REGIONAL Weather WEEKLY Frieghts SHIPPING Events
      17 words
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      Page 13 Advertisements Column 4
      609 13 f.'l 11SM MAERSK LINE EXPORT TOV-S. PACIFIC, GULF, ATLANTIC, EAST CANADA AND ASIAN PORTS PortKclang II ARTHUR MAERSK ARU) MAERSK IE aaJ E ac Safcd 20-21/7 27-21/7 34/1 10-11/1 Matrsk Rando I 17-11/1 Sineapore Qosnc T«n«' CY 20 lufy ibOU hrs OS 19 July 2400 hrs TO ARABIAN/PERSIAN GULF-FULLY CONTAINERIZED
      609 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      724 14 LEO SHIPPING PTE LTD. SINGAPORE PERNAS-MISC SHIPPING AGENCIES SON BHD af'yKM PORT KELANG PENANG m MALAYSIANNTERNATIONAL SHWWNG CORPORATION BERHAD ContaiHf jwjg To Europe Feeder *P KHang Vessel S pore 1) \bei#es 2) Rdam 3) Hburg 4) Gbuw B OAH.IA 19/7 SELANOIA 22/7 6/8 11/8 12/8 14/8 B PtNAGA 27/7 8
      724 words
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      Page 14 Advertisements Column 2
      278 14 SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA n.«— C Mi IffTOKl CM Mm Sr* Chsto tat N Vat Batten St Mb M. Ort. Hwta Mriak BMBD m *»/7 9-11/7 17 IS/7 17/8 22/8 24/8 25/8 27/8 2/9 4/9 29/8 TOM *25/7 23/8 1/9 6/9 8/9
      278 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      435 15 Overseas Containers Limited Weekly service to/from UK/Europe DDL CONTAROSHT SOWICt TO UK/CONTMNT. CONTAWtSHP SERVICE FROM UR/CfINTMNT: Kburt Bran ha»» la? MM u M ON MM dan I* Hew* S'ton P Retail MM kM MM 21 M it M 6% 27 M 13 Ml S pore tat Mc kPart HR, RS
      435 words
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      Page 15 Advertisements Column 2
      677 15 ?Tg Franco Belgian Services I y r Fii <f Fit-.ck N<rtir< u-itk lit '.;ian t'ar Kr.sUrn I.ine* murm rmm ukm r*» m**i bhwm a'm* rta hwi ntm* unm* una T? m lIM 3/* 4% imi 7tai 10 Ami t.m.mke 25 mi 221 M 23 jm itim Tttm aMr PC? TIM
      677 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      617 16 TO WORTH BBOTE TO HDUBMIg* S port P* Pw Mmc Genoa Kbwrf Bremen Mam Antwerp 14/7 19/7 «/8 21/1 18/8 11/1 */l 23/8 21/1 28/7 31/7 27/1 21/1 5/9 2/1 31/9 TO USA/CAWKH HK I sen P Idnc S pore 16/7 18/7 •W 21/7 Mm Eiprtu 1/8* 12/8 14 23/7
      617 words
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      Page 16 Advertisements Column 2
      531 16 KOREA LINE HIPPING CORPN f Kelang PEMWG ALTAR 153W 19-22 My 23-26 My ALTAR IS3W 19-22 My 23-26 My 27/31 My FROM BUSAN BANGKOK ALTAR 154E 19-22 July 23-26 July 27-31 Jiriy TO BUSAN VEGA 151W 10/13 Auc 14-16 Aug 17/20 Auf FROM BUSAN BANGKOK VEGA 152E 10/13 Aug 14-16
      531 words
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      Page 16 Advertisements Column 3
      524 16 ©EVERGREEN LINE FAR FAST f UROPt EXPRESS FULL CONTAINER SERVICE ACCEPTOR CARGO FOIt HAMBURG, FELIXSTOWE. ROTTERDAM. ANTWERP. II HAVRE. ALSO ACCEPTWG CARGO FOR: UWTTED KJNGOOM SOUTHAMPTON. LONDON. MANCHESTER. HRMNGHAM. BWSTOL, UVERPOOL. GLASGOW. LEEDS. WEST GERMANY i:.!' Vii HOLLAND mrrnm iniWl* nH nA*" uaU^isST"K? S5 1N aim mii stai ami m
      524 words
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      Page 16 Advertisements Column 4
      696 16 a a 2 I > 1 y A V Everett Lines Wk Fivt Star Skippiai Corp*. Bk "BURMESE NATIONAL LINE" LOADMG FOR RANGOON rjutM, NWI 17/u Mr \%m Mr B.F.S.S.C. AMA bousteao shphng^ 1 TH.NOS KL *****2/*****9 S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOMNNG FOR DURBAN, CAPETOVNTVUONTEVDEO, BUENOS MRE$j
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      Page 16 Advertisements Column 5
      529 16 'HEkO.SE. A OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE AUSTRALIA SERVICE P. Kataa| LmAk fi 25/21 My 27/21 My SYD, MEI, AOEL MY CMPPALM MM. ASPMHON BANGLADESH SERVICE 15/11 M| CMTTMONK, CHMJM JAPAN/STRAITS SERVICE tar 110N 17-11/7 19-M/7 Sited MPvt 2M4/7 K Ikarlander line AUSTRALIA SERVICE Singapore Sated 25/21 My
      529 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      1011 17 PIL GROUP EAST AFRICA/REDSEA SERVICE t Kttanf 11/15 A* 11/15 0»rts S4um. Mombasa HodenWi. Jedd*. Port Sudan Mogadiscio. Jeddati. Hodeidah Aqaba »p»« rJtei 17/20 My 25/* My Ua*|M: Men Mdak COLOMBO/KARACHI/P. GULF SERVICE KOTA AGUNG 23/27 jtfy Dubai Kuwait Karachi KOTA MEGAH 10/15 Aug KOTA MAWAR 20/24 My SING APORE/CHITTAGONG/RANGOON/SER
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      Page 17 Advertisements Column 2
      846 17 I II 1 I BEN LINE CONTAINERS EVKSS CONTNNH SOWCE TO/FROM EUMTE H-HK B HAKN ROM* MMK SOTON VI 11/1 U/l 14/1 7/1 VI 11/ l 11/1 IVI 14/1 ii/» a/i n/i a/i lc/t vi 4/1 vi in ia aa zvi u/i 14/1 is/i 17a u/i a/i i 7/» «/i
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      Page 17 Advertisements Column 3
      485 17 ZE I>nmtrunmt mrm or*. SRjN ixtmBb M M at M 12/7 an m an vt MMMMMlV7W7Vt 17/7 22/7 w J/I+ nn an nn an t»n an ivi 17/1 an vn an an nn- vt a/t wt 1) MMo. StocMta. (Mb. Hrisaki 2) MM 3) Bremen 4) AatMrp. A«st«rdM UK 5)
      485 words
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      Page 17 Advertisements Column 4
      629 17 Mi i I r.iV H I;! t 1 l if' 0 BOUSTEAD SHIPPING AGENCItS KUANTAN SHGAPORE eta Reunion Durban Capetown Ft Eta (also accepting East BANK LINE FOR REUMON ft SOUTH AFRICA STREAMBANK BEAVERBANK 2123/8 Sembawanc Pt 18/7 24-28/8 V 'i 5/9 l'\ 11/9 W 18/9 13/8 21/9 1 carjo)
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      845 18 E W\ "Kline KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES 1 TO NORTH AMERICA TO EUROPE S pore P Ketong L Havre R'dam Kbtirg Bremen A'i N. CORAL 19* C CONTAMER 7* K lACEJM 6W TW BRDGE 2W (acceptag cargoes I* IcaMMwti m Mm*wi) FROM EUROPE TO FAR EAST •L
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      Page 18 Advertisements Column 2
      523 18 28 W> CAUFORIRA/PACffIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE L«*% tar 10$ ANGELES. IM FMNCBCO, SEATTLE. TACOMR. VANCOUU. B.C. kaptal FCL/FCL Cabkn P Uai tapw L Aapla MM Stall 23 Mr 11% MM MMON tfcft lIS* I Oct UMK Uhpl 11M 15 Oct hil7 1 J riTra Acc*pM| PO/ra Mkn
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      Page 18 Advertisements Column 3
      693 18 t'y o.A (.roup SINGAPORE SHIPPING AGENCIES PTE LTD 20TM F I OOH, OCF AN Blllt DING SINGAPORE 0104 MARK F 7 iNG *«1112? .3 LINE S GENERAL 413 m 14LINIS TFIE X MS ?4'.9a RS 2SS6H A H rAHSHIF> AHI f CARGOSHI^ mumi 1 1 nihil.., l'ei|ional (Iwiitiiinvr Lines WEEKLY
      693 words
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      Page 18 Advertisements Column 4
      575 18 Bqranard lime INDEPENDENT-ATTRACTIVE RATES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CARGO FCL ONLY FOR; PORT SAID, ALEXANDRIA. BEIRUT, LATTAKIA UMASSOL ISTANBUL A PIRAEUS Specially engaged agents A stevedores providing immediate discharge fortmc stm vjm MM CtCONG V.41 M.. +Cafc| Pert Satt. Mna S*pera ki Part 27 STRAITS/EAST ASM SERVICE UaAi
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      Page 18 Advertisements Column 5
      485 18 ZIM CONTAINER SERVICEUZ3 NON-CONFERENCE FULL CONTMNER SERVICE iuiptfc« FCL/LCL carton to N/E Coast USA, Panama/C*rt*» and East Canada M U/» USMMt Rrc/ta Nh/NMrt lIM 23 A* IS* IM Ifapt 22 M 23 1 Mpt 4 fapl t Mpl IS* 1 A>| 4 byt 14 17 S* US* 21 S#t IA«
      485 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      736 19 NEPTUNE ORIENT UNES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A 0.-he ace consoTO EUROPE/UK (VIA SUEZ): S.S. BRDGE N CORAL+ C. CONTMNER. K JACCJM C. PAUL TW BRDGE MERCATOR TO ANO FROM AUSTRALIA: JAKARTA...... SINGAPORE.. PENANG P. KELAN6.... BRISBANE SYDNEY MELBOURNE. AOELADE 7/8 FREMANTLE 11/8 Also accepting cargo to/from Bangkok
      736 words
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      Page 19 Advertisements Column 2
      109 19 NOTICE FAR EASTERN FREIGHT CONFERENCE; SABAH, BRUNEI AND SARAWAK FREIGHT CONFERENCE FAR EAST/GULF OF ADEN AND REDc SEA PORTS CONFERENCE NOTICE TO SHIPPERS GENERAL RATE INCREASE —1.1.1981 I THE FAR EASTERN FREIGHT CONFERENCE AND ITS ALLIED CONFERENCES HAVE ADVISED SHIPPERS COUNCILS IN ASIA AND EUROPE THAT THEY WISH TO DISCUSS
      109 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      454 20 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT SAD ALEXANDRIA SPtWX U July IS Au(26 Am» NLEU Aug 8 Auc 25 Auf 21 Cargo Booking* Pleiu Phone *****43 MARTRANS CARGO PLEASE CONTACT SCHENKER SINGAPORE TEL *****11 FROM EGYPT SMNX U ALEXANDRIA SINGAPORE
      454 words
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      Page 20 Advertisements Column 2
      341 20 MALDIVE LINES LOADWG FOR ADtN/DJBOUTI FOR BOOKINGS b ENQUIRIES PLEASE CONTACT; PAROGEN! NAWGATONI TIAOMC CO (TO) 110 OHRTM. SMPPWE CORPORATOR HOC mtematonal run omental plaza uith floor) MBM «0» MUM PARRY (OFF MUM MIL) SKNW #207 KUALA LIBTUt mUX 417M4/4I7CH NtT KELANG 3S7MI GORDON NAVIGATION CO S.A. REGULAR SERVICE TO/FROM
      341 words
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      Page 20 Advertisements Column 3
      3 20 MABimS (PTC) LID
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      159 20 ox. "soni ■sir ■SMm77 -I j ■m Regional wwwwwwi SK#:»wa« X 154 A S! f x\ B 32 a Jr. K c?/ as >"- (>< LL« K SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Dew point C Wave height R Thunderstorm
      159 words