The Business Times, 25 November 1980

Microfilm: NL10816
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 119/1/81 TUESDAY, NOVEMBER 25, 138* 50 CENTS
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  • BRIEFLY...
    • Article
      Lee back home
      41 1 PRIME Minister Lee Kuan Yew arrived home last night after a two-week visit to China. Mr Lee said on arrival that the visit had been I "interesting, useful and instructive" and that he is happy to be back.
      41 words
    • Article
      Lock icon Pumping oil again
      68 1 Reuter BAHRAIN, Mon. Iraq has begun pumping oil through a pipeline to the Turkish Mediterranean port of Ceyhan after a two-month stoppage caused by the Gulf War, the authoritative Middle East Economic Survey (Mees) reported yesterday. Mees said preliminary indications were that Iraq planned to deliver from
      Reuter  -  68 words
    • Article
      Lock icon Arms limitation
      74 1 AFP BONN, Mon. United States President-elect Ronald Reagan is anxious to continue the process of strategic arms limitation, West German Chancellor Helmut Schmidt told the Bundestag (Parliament) today. Mr Schmidt said he was glad to be able to tell MPs, following his recent talks with Mr Reagan in
      AFP  -  74 words
    • Article
      Lock icon Warning strike
      57 1 Reuter WARSAW, Mon. The Polish authorities today rejected demands for the release of a detained printing worker, and union leaders immediately called a warning strike at a Warsaw tractor factory. Solidarity free trade union leaders announced their action after sending a delegation to the prosecutor-general's office to demand
      Reuter  -  57 words
    • Article
      Iran claims success
      37 1 BEIRUT, Mon. Iran claimed today 450 Iraqi troops were killed and 80 tanks "annihilated" in crushing a new Iraqi offensive against the key highway town of Susangerd in Iran's south-west-ern oil province of Khuzistan.
      37 words
    • Article
      Lock icon Tea talks
      58 1 AP SALISBURY, Mon. Some 50 delegates from 12 tea-producing countries gathered here today for a five-day conference aimed at restricting exports and effectively boosting the world price. If they approve a tea agreement, the price of the beverage would go up almost immediately, a spokesman for the UN
      AP  -  58 words
    • Article
      Lock icon The US$17m truth
      63 1 UPI GENEVA, Mon. A Swiss court today ruled against Iran's claim that jewels worth U5517.1 million sold in a Sothebys auction two weeks ago belonged to former empress Farah Diba. After a weeklong investigation, the claims office of Geneva's cantonal court said it had proof that the
      UPI  -  63 words
    • Article
      Lock icon Mao's widow implicated
      72 1 UPI BEIJING, Mon. "Gang of Four" member Wang Hongwen implicated Mao Zedong's widow and another member of her clique in testimony today before a court trying him for framing the late premier Chou En-Lai and current strongman Deng Xiaoping. Asked in court whether he falsely accused Chou
      UPI  -  72 words
  • Article
    Chief Price Changes
    135 1 Rises Berjuntai 1540 40 Pegi Msia 1400 40 Hong Leong Ind 352 36 Kempas 690 30 SEAL 550 25 A Enterprises 515 15 K L Kepong 550 10 Kulim Msia 265 7 Bata 390 6 H Royal 288 6 Falls M L I 1450 -70 M Banking
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  • Article, Illustration
    KUALA LUMPUR
    144 1 Falls PMRI 880 -60 M Banking 1700 -60 M Tobacco 655 -35 C Sugars 1130 -30 OCBC 1290 -30 PMC 1370 -30 A Amal 1460 -30 MBS 515 -25 U Cables 530 -25 Rises Syn Resins 900 50 Berjuntai 1640 50 S Lumber 595 45 Hong Leong Ind
    144 words
  • Article
    S'pore insurers in US$1b cover
    632 1  -  LARGEST SINGLE PACKAGE By RONNIE LIM,LEE YOKE MENG SINGAPORE insurers, in a joint venture with four Japanese companies, have tied up the largest single insurance package done in the Republic. Together, they are providing US$l billion worth of cover for the petrochemical complex now being
    632 words
  • Article
    Major setback for market
    281 1 THE stock market suffered its first major setback in six weeks yesterday with the Straits Times Industrial Index falling by double digits 12.21 points to 709.49. Sparking off the decline was the weaker Hongkong market where news of a 2 per cent rise in prime rate
    281 words
  • Article
    Pegi may soon be relisted in KL
    440 1  -  By BIBIANA CHOO HIGH-FLIER Pegi Malaysia may be relisted on the Kuala Lumpur Stock Exchange soon as the Malaysian Capital Issues Committee is meeting tomorrow to assess Pegi's recent proposals and its request for re-listing. Among Pegi's proposals are a rights issue of
    440 words
  • Article
    Coal-fired stations study
    373 1 THE PUBLIC Utilities Board will soon appoint a foreign consultancy company to look into the feasibility of setting up coal-fired power stations off Singapore. The board has also identified the Johor Shoal as the third possible site for such a station. A PUB official said the search
    373 words
  • Article, Illustration
    Inchcape chairman to assume new post
    234 1 DR DA VIES (*b»ve), chairman and mmtging director of Inchcapc BerKad, will return to the United kingdom in April next year to take np his lew appointment as executive director of the parent company, inchcape aad Cn. Mr Davten, St, is credited in corporate
    234 words
  • Article
    French bank sets up regional office here
    465 1  -  By RUTH CHENG SOCIETE Generale (Sogen), the seventh largest bank in the world and the third largest in France, will set up a regional office in Singapore to coordinate the operations of its offices in Asia and Australasia. The move means a decentralisation
    465 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      16 1 T*\ SIMAKJRf \\Vvsuh~ S s\ business xJDI for Ifcfc PEOPLE R WHO MATTER Times Periodicals PubttcaVjn
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      Page 1 Advertisements Column 2
      11 1 Ho^sr il or *****24/*****7 BTW More than a car rental service
      11 words
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      Page 1 Advertisements Column 3
      76 1 SHIPPING TIMES THREE Rifles Shirt Manofactaring upgrades operations—... 2 LITTLE to suggest economic upturn in the UK 3 THE expulsion plans of the Chinese navy............................ C THE declining importance of the prime rate................. 7 REAGAN gives US a sense of new beginning 7 POSB starts a non-hook savings account 9
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      Page 1 Advertisements Column 4
      263 1 I RICOH Plain paper copiers Preferred by offices worldwide CALL *****5. t Vf Wywy Private Limited fIW Wywy House, 17 Leng Kee Road Singapore 0315 Can Asean and Vietnam co-exist peacefully? 3rd Quarter 1980 Asean s most immediate external threat is now Vietnam The Vietnamese invasion of Kampuchea early last
      263 words
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  • TRADE AND INDUSTRY
    • Article
      Shirt maker improves operations
      254 2  -  By SIOW LI SEN THREE Rifles Shirt Manufacturing has spent more than $1.5 million improving its operations in the face of a shortage of workers in a traditionally labour-intensive industry. The company has invested $400,000 in automatic and semi-automatic sewing machinery from Italy. The company also
      254 words
    • Article, Illustration
      ICL PROVIDES THE LINK
      317 2 HYATT Regency Singapore hotel has installed a computer to link up its front and back office operations. The Hotel Adminstration and Guest Accounting Systems was developed by ICL Private Limited, a wholly owned subsidiary of International Computers Limited of the UK. Installation of the system, which
      317 words
    • Article, Illustration
      VIBRATORY EQUIPMENT AT WORK
      162 2 VIBRATORY equipment with a variety of commercial and industrial uses in Singapore will be demonstrated by an Australian company at the Machine Asia Metal Asia 80 exhibition next month. On display will be vibrators, vibratory feeders, vibrator screens, parts feeders and vibratory joggers. The range, designed
      162 words
    • Article
      COMPUTERS TO HAVE BIGGER ROLE AT MOBIL
      112 2 MOBIL Oil Singapore is making greater use of computers in the management and administration of its refining and transport activities in Singapore. It has ordered from International Computers Limited an ICL System Ten 120 computer which will be installed in Mobil's wharf office
      112 words
    • Article
      Diploma in sales and marketing
      342 2 THE Marketing Institute of Singapore is offering a twoyear course leading to a diploma in sales and marketing. The course is intended for those who lack professional qualifications and a formal concept of selling and marketing. Lectures will be held in the evenings once a
      342 words
    • Article
      TRADE TALK
      260 2 UNIVERSAL Cars, sole dealer-distributor of Ford vehicles, said the first shipment of the Laser car it introduced in Singapore early this month has been sold out. Orders are now being taken for the next shipment. Universal Cars will introduce the notchback Ghia version of the Ford Laser next
      260 words
    • Article
      Plastics company sets sight on diversification
      266 2 A NEWLY-established manufacturer of plastics injection mouldings for the electronics industry hopes to diversify into the production of mouldings for medical products within the next few years. The company, Toyoplas, is a joint venture between a Taiwanese and a local businessman. The company was
      266 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      247 2 I] fi air: if#»■e<s p ay lrß wMfelLfi.?; i if ill! ill! ry. !M| W IgggTl^fß e4Ew. »-^r. Truth is, we can finance anything on the waterfront from cargoes to tugboats. On Asian waterfronts—and around the world Bank of America is involved in virtually every aspect of international trade. Today,
      247 words
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      Page 2 Advertisements Column 2
      30 2 tACTO** *(**eSe»T*TTVt fo* SOUTH EAST AStA STTHL(S.E.A.)PTE LTD Unit 1003, 10th Floor, Tan Boon Liat Building, Out ram Road, Singapore 0316. Tel: *****47 (3 Lines) Cable: STIHLSEA Telex: RS *****
      30 words
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  • OVERSEAS
    • Article
      Lock icon Khmer Rouge to allow alternative
      314 3 AFP THE Khmer Rouge are prepared to concede power to any leader determined and able to wipe out the Vietnamese in Kampuchea foreign minister of Democratic Kampuchea leng Sary said in Jakarta on Sunday night. leng Sary officially attending the ministerial conference of the Colombo
      AFP  -  314 words
    • Article
      Lock icon Disagreements rise in Reagan's team
      328 3 NYT CASPAR W Weinberger, a senior economic adviser to President-Elect Ronald Reagan. called on Sunday for prompt and "severe" reductions in federal spending, amid new indications of disagreement within Reagan's economic team over how large and fast those cuts should be. Weinberger, a former director
      NYT  -  328 words
    • WORLD IN BRIEF
      • Article
        Lock icon DEATH TOLL RISING
        315 3 Agencies AT LEAST 350 people died in a major earthquake which devastated a wide area of southern Italy on Sunday night, the" Italian news agency Ansa said yesterday. Officials could not confirm the total. An interior ministry official said at least 60 deaths and hundreds of cases
        Agencies  -  315 words
    • Article
      Lock icon Leaders arriving despite Syrian threat
      224 3 Reuter ARAB kings and presidents began arriving in Amman yesterday for a summit that Syria plans to boycott in a deepening rift between Arab states. Syria mounted a highlevel diplomatic initiative on Sunday to encourage other hardline Arab leaders to stay away from the conference
      Reuter  -  224 words
    • Article
      Lock icon Weizman sacked from ruling party
      243 3 Reuter FORMER Israeli defence minister Ezer Weizman was expelled from the right-wing Herut party which he helped to bring to power. The Herut (freedom) movement, led by Prime Minister Menachem Begin, expelled Mr Weizman on Sunday night because he voted for a no-confidence motion in
      Reuter  -  243 words
    • Article
      Lock icon No upturn in UK economy
      645 3 Reuter THERE is little to suggest an upturn in the British economy in the short term, although it appears the most rapid falls in output in the current cyclical downturn may have already occurred, the Confederation of British Industry (CBI) said. In its latest monthly
      Reuter  -  645 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      87 3 E/otic Food (mto Tel: *****05 Portable Non-destructive Perfect Insulation Analyzer PI-6000 Small, compact versatile and easily handled with functions comprising Megger Method High DC. Voltage Method Partial Discharge Detection Method Corona Discharge Detection by Headphone 3! r. yyirfoly used in Japan Max. output current: 1.2 MA at 6000 Volt Insulation
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      Page 3 Advertisements Column 2
      136 3 r v n. •;v si J vf\', -WJ C«. -i V<? f* mm t~r -<-• *v* "iii i IB LJLL iIMMI V v XHIB i watchmaker goldsmith chainsmith engraver enameller jewell i *p V L I :V ;w £4 sr Os T* *v o tt CvtV I c -r .•/w
      136 words
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  • RAW MATERIALS
    • Article
      Lock icon Gulf between platinum and gold narrows
      826 4 NYT ONE of the mysteries confronting futures traders in precious metals in recent months has been the closing of the gulf between the prices of gold and platinum. For many years the premium on platinum had been about US$lOO an ounce, largely because the
      NYT  -  826 words
    • Article
      Lock icon Oilseed crushings likely to stagnate
      309 4 Reuter WORLD crushings of the ten i major oilseeds in 53 coun- l tries will be almost stagnant in 1980-81, only 0.4 per cent I or 0.6 million tonnes up on < last season at 132 million i tonnes, the Hamburg-based journal, Oil World, says.
      Reuter  -  309 words
    • Article
      Straits Tin
      53 4 THE Straits tin price ta Penang yesterday fell Mss to $1,1» per picnl ($».74 per Idle), $115 belew the Internatteaal Tla Agreement celling, dealers said. The weakness reflected less baying demand from majer senrces. Tnrnever rsse to HIV* tonnes trem 14* tonnes en Saturday. Ne rattening was detected
      53 words
    • Article
      Closing prices
      39 4 Rubber; Nov 24 Singapore: Dec: 302.25 cents (down 2.25 cent) Malaysia: Dec: 309.75 cents (down 2.75 cent) Tin: M 51,980 (down $5) (equivalent to $32.74 per kilo) (down 8 cents) Official offering: 160V2 tonnes (up 14Vi tonnes)
      39 words
    • Article
      RUBBER
      205 4 THE Slßgsp«re market closed slightly lower yesterday with December One RSS buyers quoted at 302.25 cents per kilo, down 2.25 cents from last Friday's close, dealers said. Morning prices were marked down about 1.50 cents on some Malaysian selling, they said. In the afternoon prices lost more ground on
      205 words
    • Article
      RAS PRICES
      328 4 RAS prices In cents per kilo yesterday: Noon (per Idlo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 297.25 298.25N Int. 1 R.S.S. December 304.25 304.75 Int. 1 R.S.S. Jan 1» 309.50 310.00 Int. 2 R.S.S. 289 00 290.00N UK/Cont 288.00 289.00N Int. 3 R.S.S. 286.00 287.00N UK/Cont 285.00
      328 words
    • Article
      SSR and SMR
      126 4 NOON SSR u id SMR I i RA8 SSR 20 SSR 50 <1 tot (1-U* i pallet 1 i pallet) December (Correal Mth) Buyer* Seller* 246.50 248. SON 241.50 243.50N Jaaaary (Forward Mtk) Buyer* Seller* 246 50 250 SOS 243.50 245 SON MRKLB SMRCV SMRL SMR 5
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    • Article
      Lock icon Oilseed output expected to fall
      181 4 Reuter WORLD production of oilseeds and related materials in 1980/81 is forecast at 161.2 million tonnes, down 500,000 tonnes from last month's forecast and 8 per cent below the record 1979/80 output, the US Department of Agriculture said. In a foreign agriculture circular on the
      Reuter  -  181 words
    • Article
      Lock icon Forecast of record cottonseed crop
      225 4 Reuter SOVIET cottonseed output can be expected to reach a new record of 5.62 million tonnes compared with last season's record of 5.31 million tonnes, the Hamburgbased weekly. Oil World, says. Substantiating its earlier estimate of a 4.8 million tonne Soviet sunflower crop, down 600,000
      Reuter  -  225 words
    • Article
      Produce exchange
      173 4 CHINESE Pniaee Exchange, Singapore, cleslng prices per lMkg yesterday: Cmnil ail: Bulk fob $140.00 sellers, old drum (in second hand drum) fob 1152.00 sellers, new drum fob $160.00 sellers. Cepra: Mixed (loose) 187.00 buyers. Pepper: Muntok white pepper fob Asta NLW $420.00 sellers, Sarawak white pepper faq fob
      173 words
    • Article
      TEXTILES
      194 4 YARN and cotton prices were quoted as follows in Hongkong yesterday (In HK dollars, spot ex-go-down) Cettea yam: China Blue Phoenix 20b 1,935; 32s 2,730, 40s 2,960 (per bale of 400 lbs). Piece gssis: China Butterfly and Globe brand unq; Dragon Head unq; Five Lamb 6 unq; Flower and
      194 words
    • Article
      RICE
      329 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.08, 100 per cent second class 0.95, 100 per cent third class 0.93, 25 per cent new crop no stock, B-10 per cent 0.82. THAI BROKEN: A-super 0.74, Special 0.70.
      329 words
    • Article
      LONDON MARKETS
      851 4 COFFEE: Robusta futures yesterday extended opening gains to close the morning session £17 to £23 per tonne up from Friday. Turnover was 1,896 lots including five options and around 510 lots of cross trades that included 400 lots of cross trades in January. Dealers said dealer and trade
      851 words
    • Article
      PALM OIL
      110 4 THE Malaysian palm oil market ruled steady yesterday although most of the operators in Central and Southern Regions were sidelined, dealers said. Trading was quiet with the Northern Region traded at MJI.OOO and $1,010 per tonne for December and January respectively. The refined market was featureless on lack
      110 words
  • ASIAN STOCKS
    • Article
      Lock icon Record profit forecast by Mitsubishi
      309 4 Reuter MITSUBISHI Corporation predicts it will register record business in the year ending March 31 despite the sluggish Japanese economy and deteriorating export market conditions. Mitsubishi managing director Shunjiro Nagashima said the company expects after-tax profit to rise slightly from last year's record 19.33 billion
      Reuter  -  309 words
    • Article
      Lock icon Manila brokers want merger
      181 4 Reuter BROKERS on the Manila Stock Exchange who have returned questionaires have voted heavily in favour of a merger with the other trading floor in the Philippine capital, market sources said. However, the 20 or so members who have so far replied out of a total
      Reuter  -  181 words
    • Article
      Sydney
      265 4 SELECTED gold and shale oil stocks stood out in otherwise dull trading yesterday as traders waited for overseas commodity markets to digest the latest round of US prime rate rises. In industrials BHP was down 15 cents to AJ16.95 while CSR was unchanged at 17.50. NOV 24 Cents INDUSTRIALS
      265 words
    • Article
      Tokyo
      10 4 THE market was closed yesterday for Labour Thanksgiving Day.
      10 words
    • Article
      Selected indices
      29 4 H.K.HANG SENG Monday 1481.51 Friday 1909.18 Week Ago 1611.98 8YDNEY INDUSTRIALS Monday 770.28 Friday 773.08 Week Ago 771.71 ALL ORDINARIES Monday 1030.27 Friday 1036.03 Week Ago 1042.75
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    • Article
      Lock icon Hongkong
      352 4 Source: BHK See. THE big jump in local interest rates caused a major drop in the market yesterday as speculators were caught by surprise. The market opened 30 to 40 points below last Friday's close and went downhill thereafter. Selling was heavy across the board with blue chips tending
      Source: BHK See.  -  352 words
    • Article
      Bangkok
      202 4 SHARE prices closed mixed in quiet trading yesterday, dealers said. NOV 24 Bants Asia Credit 140 unch Asia Fibre Ayulhaya Inv And Trust Bangkok Investment Bangkok Bank 296 2 Bangkok Drying And Silo Bangkok Insurance Bangkok Metro400 politan Ban -4 Bangkok Nylon Bank Of Asia Bank Of Ayudhaya Ltd
      202 words
    • Article
      Manila
      98 4 NOV 24 Pesos Acoje Mininc .0076 -***** Alias Con A Alias Con B 33 50 -125 Bafuio Gold 0056 ->***** Benfuel Con B BK Goodrich M 11 -05 CDCP 5-25 unch Inco B Landoil Lepanto B 1525 -0 0025 Marinduqur B 15 unch Meralro OnenUil A Oriental B 05
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      57 4 This announcement appears as a matter of record only. HARPER GILFILLAN (NETHERLANDS ANTILLES) N.V. has acquired the whole of the Issued Share Capital SHARIKAT HARPER GILFILLAN BERHAD The undersigned acted as financial advisors to Harper Gilfillan (Netherlands Antilles) N. V. and managed this acquisition CHARTERED MERCHANT BANKERS MALAYSIA BERHAD STANDARD
      57 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      839 5 Saab 900 Turbo +4* The new executive car from Sweden Absolutely logical in its mechanics. Rationally indulgent in comfort. Consider this article to be a preview of the motoring experience of your lifetime. But it can only go part of the way In capturing the exhilaration of driving this extraordinary
      839 words
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  • Article
    Aid for the small always welcome
    353 6 BEING small has its disadvantages, but it is not a condition that should be regarded with disdain. The small industrialist will find that the economies of scale of large operations are not available to him. When he seeks financing for his operations, most banks
    353 words
  • Article
    PUB should proceed with coal project
    337 6 MODERN industrial society has been built on foundations of oil, and now that oil appears to be becoming both scarce and costly, some doomsayers have raised the possibility it may also spell the end of industrial society as we know it. Though the situation
    337 words
  • Article, Illustration
    Lock icon Coast of iron
    915 6  -  The Chinese navy may seem to be lagging behind the US, Soviet and other western navies in technology. But, according to sources, China seeks an expanded role for its navy. It hopes to be more than a simple coastal defence force. By JAMES FOLEY Reuter. WESTERN navies
    Reuter.  -  915 words
  • Article
    Lock icon COOL RECEPTION
    681 6  -  PRINCE CHARLES' VISIT TO INDIA By MICHAEL KAUFMAN NYT. THE STATE visit to India of Prince Charles has evoked some chiding editorials and at most a tepid enthusiasm that contrasts sharply with the fanfares and welcomes doled out to his ancestors both during and after the days of
    NYT.  -  681 words
  • Page 6 Advertisements
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      97 6 Are you going our way TOKYO/OSAKA t TOKYO OSAKA TAIPEI r HONG KONG *For as little as $45 a night (inclusive of free breakfast) SINGAPORE Let NEWPORT TRAVEL show you how you can save up to 50%* of your normal hotel costs. No Gimmicks Genuine Savings Deluxe/First Class Hotels Ask
      97 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      59 6 Blister :ften]d)ictos THRT'S NAEQV OF YOU? S\R CeG»tIPSLO. \'D L©*& TO CCU\S\MG IN TUG. CP»RIOB£PkN WlTn VOU v OH.NO DON T 6csf»-CC... cpisl rnp#t my oujn U*Y/ TO "Me purport... »T ReAUJV 'S moST THE: UJGfIiTv4&R U>ILL GGNeffOUS RND w JCONT t NVje...CLeP>R SPfeUS Qu\Te touched per tmg,s TOn»GKT...uj»nD5 €.SP£P\PLVi
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      1407 6 TALENTIME PREVIEW SBC CX)MES up with its usual pre-Grand finals programme for the Talentime '80 so all those intending to participate in the Homeviewers Contest should take note of this preview. There will be short replays of the contestants performing during the quarter- and semifinals. The nine soloists and six
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  • Article
    Lock icon Emerging banking centre in the United States
    775 7  -  By PETER CALVERT Reuter AN INTERNATIONAL banking centre to rival those of Europe could emerge in the United States following proposals for a regulation-free US banking zone. According to European bankers, the centre would almost certainly take a significant share of the multi-billion
    Reuter  -  775 words
  • Article
    Lock icon Gift of speech and style
    944 7  -  FOBUH with JAMES RESTON NYT THE PAUSE between administrations in Washington is a little like the hush during the prelude to one of Wagner's operas all fiddles and comforting melody before the curtain goes up and the drums begin to roll. Ronald Reagan and his
    NYT  -  944 words
  • Article, Illustration
    Lock icon The once mighty prime
    837 7  -  The US prime rate which banks theoretically charge their best corporate customers is traditionally the rate which everybody watches. However, changes in the way the money market operates and high inflation have eroded the practical importance of the once mighty prime. DAVID LASCELLES reports. DAVID LASCELLES
    FT  -  837 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      168 7 So distinctively Seiko! A selection from our gents quartz range. The multi-function Alarm Chronograph, model A 359-5050. and the analog day-date 8223-7060. 2V Wr X X NXN*.x, I .1 HT >Vi ■rvv^A pr\ 4 v 1 s ■F S These are very special quartz watches. The result of Seiko's world-famous
      168 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon CASH MERGER
      543 8 COCA-COLA TALKS TERMINATED NYT COCA-COLA of New York, apparently on the verge of a secret agreement to be taken over, disclosed that in a terse note that the talks had been terminated. The United States' largest coke bottler, Coca-Cola currently slimming down its troubled operations to just soft
      NYT  -  543 words
    • Article
      Lock icon Increased foreign stake
      119 8 AFP FOREIGN ownership in Yashica Co, a major camera maker in Japan, quadrupled to some 10 per cent during the January-Septem-ber period. Yashica's half yearly financial statements showed foreigners held only 2.7 per cent of total shares at the end of last March but they held 10.57
      AFP  -  119 words
    • Article
      Lock icon Mitsui expects record sales
      291 8 Reuter. MITSUI ud Co Ltd predicts its sales In the business year ending March 31 will rise to a record 12.1 trillion yen, np (ram 11.21 trillion a year earlier. But after-tax profit will be little changed tram the present record 13.31 billion yen last year,
      Reuter.  -  291 words
    • Article
      Lower quarter
      359 8 THE ROYAL Dutch Shell group said its net income in the third quarter was 23 per cent below the same period of last year, while for the nine months it remained at the same level, if the effects of first-in first-out inventory valuation and of currency valuation and
      359 words
    • Article
      Lock icon SHARE SPLIT
      57 8 Reuter. ROYAL Dutch Petroleirm plans a two-for-one shar* split to increase the marketability of the shares; effective by early Maroh 1981. The company said in a statement the new par vahw of the shares will be W guilders each with the total value of the company's ordinary issued
      Reuter.  -  57 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      107 8 KTiJi fi *V: i Costs only HALF AS MUCH if you're residing in Singapore It's easy. Just book our chalet units, and enjoy a 50% discount. Offer applies MONDAY—THURSDAY (except public holidays and holiday-eves). For full details of the 50% DISCOUNT OFFER. JSBL call Apollo Sentosa Reservation Centre Tel *****1
      107 words
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      Page 8 Advertisements Column 2
      157 8 See Page 4 for Asian stocks Where to wine, dine and entertain m ►4 For lunch. For dinner. For a richly rewarding experience. Businessmen's Lunch Monday to Friday $18 10% service charge 3% cess Javanese Rijstafel Saturday Sunday $16 4- 10% service charge 3% cess. For reservations call *****77 Ji
      157 words
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      Page 8 Advertisements Column 3
      127 8 Everything's here at the Mivabelle All the ingredients for an enchanted evening are here Superb Continental cuisine and choicest vintage wines In an elegant and romantic atmosphere complete with candlelight and strolling minstrels And service that is impeccable and unobtrusive Come, spend an enchanted evening at the Mirabelle For reservations
      127 words
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      Page 8 Advertisements Column 4
      148 8 QQGGO Inn Of Happiness Now open at the Hilton Dine Cantonese style. Dine Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. MM HH>TOM MTERNATIONAb
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      Page 8 Advertisements Column 5
      224 8 Mctoriaßar A little bit country, a little rock and roll With pop hits and jazz too that's the wide repertoire of "Gypsies Four talented young musicians whose fine vocal harmony has been enjoyed all around the Asian cities Don't miss them at the Victoria Bar nightly 6 pm midnight (except
      224 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Loans to non-oil developing states double
      366 9 Reuter NEW international bank lending to non-oil developing countries doubled in the second quarter of 1980, the Bank for International Settlements (BIS) said. Its quarterly report on international banking developments said new lending to these countries rose to US$lO billion from $5 billion in
      Reuter  -  366 words
    • Article
      KL capital market Raises more funds
      227 9 funds raised by the puband private sectors in the Z~|Jalaysian capital market in -41k second quarter of 1960 15.3 per cent over Juke first quarter to MJ451.6 •OMillion, but this was 37.7 per cent down from the same •inarter last year. The latest Bank
      227 words
    • Article
      Lock icon Moscow ships more gold to Switzerland
      298 9 Reuter THE Soviet Union shipped a further nine tonnes of gold to Switzerland in October after sending 25 tonnes in September, monthly Swiss customs statistics showed Until September the only other import of gold bars this year from the Soviet Union registered by the
      Reuter  -  298 words
    • Article
      Lock icon Federal Reserve votes for IBFs
      309 9 Washington Star THE US Federal Reserve Board has voted tentatively to allow US banks to set up "international banking facilities", which proponents say would give US banks more ability to compete with foreign institutions. Under the proposal approved by the board on Wednesday, international banking
      Washington Star  -  309 words
    • Article
      POSB starts non-book savings account
      400 9  -  By ALVIN TAY THE Post Office Savings Bank (POSB) has launched Singapore's first non-book savings account. At a press conference yesterday, the chairman, Mr Tan Chok Kian said the passcard will supplement rather than replace the passbook for withdrawal and deposit transactions. Under the passcard
      400 words
    • Article
      Lock icon Bahrain is turning into international bullion market
      407 9 Reuter WITH Arab money pouring into gold, a drive has begun to turn Bahrain, already the Middle East's leading banking centre, into an international bullion market. Gold dealing by oil-rich investors and governments in the gulf region has long since dwarfed the island's
      Reuter  -  407 words
    • Article
      Lock icon California banks agree to merge
      138 9 Reuter MANUFACTURERS Bank, of Los Angeles, said it agreed in principle to merge with Mitsui Bank of California, a subsidiary of Mitsui Bank Ltd for about USSI7O million or $45 a share cash. Manufacturers Bank president Leonard Weil said in a statement he will become
      Reuter  -  138 words
    • Article
      Lock icon Tokyo finance houses loan to World Bank
      151 9 Reuter A SYNDICATE of Japanese banks and insurance companies have reached basic agreement to supply the World Bank with a 60 billion yen loan, Japanese government sources said last week. A contract for the 20-year loan with interest linked to the Japanese long-term
      Reuter  -  151 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        482 9 X&TICIPATION of a minifn lending rate cut in the kept the sterling/US dolcounter busy with errat- movements in the foreign .jrfchange market yesterday. v ,TTom an opening 2.3450/60 against the US dollar the ttund later firmed when l&ndon opened to close Mgher at 2.3515/25. the deutschemark the US
        482 words
      • Article
        Hongkong
        135 9 "STERLING weakened in active late trading on fears j&at the Chancellor of the Mr Geoffrey 'iKwe, could announce a cut tb minimum lending rate .«sterday in his parliamentary statement on the UK Economy, dealers said. *£The dollar, meanwhile. was generally stronger against major currencies. Sterling stood at a late
        135 words
      • Article
        Frankfurt
        49 9 Ttt'ENING quotes on Frank•firt exchanges yesterday: »"US 1 9240 50 (1 9217/27) 4.517 527 (4.537 547) 2?Can MBS/34 F1 92.32, 44 Fr 110 92 ***** «Ut 2.10 11 mf Fr 43 07/12 Kr 38 23 28 Fr (coo) 6.217 227 JjTB Fr (fin) 6 216 226 «£,Yen 0.9001/15
        49 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 13.5 per cent.
        22 words
      • Article
        ASIAN $ RATES
        184 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Nov 24: US DoUart(Spot) Offer Bid 7 days 15* 15H 1 month 17 5/16 173/16 2 months 17W 17% 3 months 17 7/16 17 5/16 6 months MM 16 Vj 9 months 15 9/16 157/16 12 months 15 7/16
        184 words
      • Article
        Discount
        53 9 RANGE at prices offered by discount houses oo Nov 24: Overnight: 6 to 7V«% Call deposits: «'/k to 7v,% Ckximf Bnyi>( S«llia( 3-month Treasury bills 8 13/18 6 11/16 3- month Bank bills 14 13H 3 months CD 13H 13"» 6 months CD 12 7 i 12 3 <
        53 words
      • Article
        Australia/NZ
        58 9 QUOTES on Australia and New Zealand exchanges yesterday: AUSTRALIA: US dollar 1.1679/1.1631 Sterling 0.4967/0.4911 90-day airmail buying rates: Sterling 1.2212 US dollar 1.1750 90-day forward buying rates: Sterling 0.5215 US dollar 0.4980 NEW ZEALAND: Reserve Bank midrate: US dollar 0.9619 Trading Bank indications: US dollar 0.9689/0.9669 Sterling 0.4096/0.4068 90-day
        58 words
      • Article
        GOLD
        339 9 GOLD futures closed higher yesterday compared with last Friday's close after fluctuating marginally throughout the day in thin trading, dealers said. Total sales for the day was recorded at 68 lots with the volume for kerbs at 96 lots, they said. Prompt closed firmer at U*****.50/639.50 an ounce against
        339 words
      • Article
        Silver quotes
        40 9 Pri Than New York 19.40B 19 40B 19 70S 19 70S Zurich 1910B 19.00B 1950S 19 30S Mm FM Singapore 19.20B 19.40B 19 60S 1980S Closing prices in US dollars a troy ounc e. Source: Credit Suisse, S'pore.
        40 words
      • Article
        LONDON
        242 9 THE US dollar opened steady against sterling and most other European currencies, maintaining gains made in Hongkong yesterday and in New York last Friday, dealers said. It traded at 1.9247/57 marks, up on Friday's close in London of 1.9150/60 but near Hongkong's late 1.9236/ 41 yesterday, they said. Sterling
        242 words
      • Article
        Tokyo
        10 9 THE market was closed yesterday for Labour Thanksgiving Day.
        10 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      186 9 Because the banker was on his toes, the business is off and running. I >A>-■ V V acks this Asian shoemaker from working capital to export financ The banker with an inside track locally often has the advantage. Particularly when he's backed by the worldwide resources of a global financial
      186 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1998 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1 000 units, unless otherwise specified. SECTION ONE INDUSTRIAL A COMMERCIAL Acma
    1,998 words
  • Article
    Unit trusts
    164 10 SING APORE UNIT TRl'ST OUB-MONTAGU (Nuiini' prices for Nan »> (Ms—gets' prices far Nav The Commerce 344 362 Union Spore Fund 1.26 131 The Savings Fund 2.09 2.20 INCOME BOND I NTT S pore Prog Fund 1.52 ISO (Carnal pii Income Bond Ina) S pore Sec. Fund 2.20
    164 words
  • Article
    SHARE INFORMATION SERVICE
    2712 10 Gr's Gr's Net 1980 Last Div Div Yld P/E Vol Day High Low CompanySale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 245 Ac ma 358 15.0 2.8 4.1 14.1 300 220 Alcom 300 12.0 2.5 4.0 17.0 149 116 Allied Choc 135 4.0N 1.6
    2,712 words
  • Article
    In Kuala Lumpur
    2402 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 1,000 units, unless otherwise specified. INDUSTRIALS Meant (3 028 3 08S) (2) 3 06 (3) 304 (8)
    2,402 words
  • Article, Illustration
    First major setback in six weeks
    712 10 THE Singapore slock market underwent Its first major setback In six weeks yesterday as investors reacted to the sharp drop in Hongkong share prices. Jolted by news of a 2 per cent Increase in prime lending rates, Hongkong traders launched a bear raid, sending
    712 words
  • Article
    KL prices fall on broad front
    624 10 SHARE prices eased across a broad front at the Kuala Lumpur stock market yesterday as sellers emerged after last week's strong runup among the blue chips. Sentiment was depressed by weak overseas leads, as well as the rise in interest rates to 17 per
    624 words
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  • COMPANY NEWS
    • Article
      Sharma-Loy dispute goes to court
      337 11 THE long-standing dispute of Mr K. K. Sharma and his company, Malayan Produce Comoany (MPC), with Central Securities, Malaysia Borneo Finance, Messrs Loy Hean Heong and Ngan Chin Weng is finally to be resolved in the courts. Hearing has been fixed at the Kuala Lumpur
      337 words
    • Article
      Less optimism at Kemayan
      256 11 AFTER reporting a moderate improvement in its profits for the last financial year, Kemayan Oil Palm appears to be less optimistic of the current year's results. According to chairman Dr Siow Kon Sang in his latest annual report, the company expects results for this financial year
      256 words
    • Article
      Eastern Asian acceptance
      117 11 ACCEPTANCES received to date amounted to about 1,967,000 shares (or one per cent) of Eastern Asia Navigation Co by World International (Holdings), World said in a statement. The terms of the offer are seven World fully paid shares or HKJ37.50 cash for every five Eastern Asia shares.
      117 words
    • Article
      Ayer Hitam unable to get open cast sub-lease
      633 11  -  By DAVID CHOW AYER Hitam's plans to go into open-cast mining, first raised four years ago, have again stalled. Its chairman Mr Indra Petra reports that the company is still unsuccessful in securing a sublease for the area which it had selected
      633 words
    • Article
      Faber Merlin goes into Thailand
      398 11 THE Faber Merlin group, already the leading hotelier in the country, has crossed the border into Thailand with the purchase of interests in Queensfield Corporation Ltd, which operates the 369-room, 10-storey Holiday Inn Pattaya at Pattaya Beach. Faber Merlin disclosed over the weekend that it
      398 words
    • Article
      DIVIDENDS ANNOUNCED
      445 11 Current Ex Book* Date Total for Total for Payment -Date Cloae Payable the year Previoua year Aokam 16%(n)% Dec 8 Dec 18 Jan 2/81 28% 28% Ayer Hitam Tin 115% Oct 30 Nov 12 Dec 1 205% 290% Batu Lintang 15% Oct 23 Nov 4 Nov 25 20%
      445 words
    • Article
      INTEREST
      28 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year lnchcape Loan 4.88%(1) Dec 10 Dec 17 Dec 31 4.88% 9*4%
      28 words
    • Article
      SCRIP ISSUE
      183 11 Company Particulars Ex Date Books Cloae Alcom B Raya K Guan Flour M Banking Msia Rice Pegi Msia Rahman Hydraulic Sanyo Ind Proposed rights Issue of 2 for 1 21S1.70 per share Bonus issue of 1 for 2 Bonus Issue of 1 for 5 Proposed rights Issue of
      183 words
    • Article
      GSA changes tin sales system
      182 11 THE 30,000 tonnes of surplus American stockile tin, authorised for disposal under the current GSA sales programme which began on July 1, were made available on a daily fixed-price off-the-shelf basis from yesterday. Hitherto, tin has been offered for sale at fortnightly intervals on a
      182 words
    • Article
      Lock icon Sun Hung Kai on acquisition trail
      402 11 Reutei SUN Hung Kai Properties estimates it owns 24 to 25 million shares in Kowloon Motor Bus Co (1933), KMB general manager Lawrence Louey said. Mr Louey said SHK Properties gave him the estimate last week, when it said it was still counting the
      Reutei  -  402 words
    • Article
      San sells interest in subsidiaries
      145 11 SAN Holdings Bhd has sold its entire interests in two Indonesian subsidiaries for $320,000 cash. The two subsidiaries P.T.San Iron and Steel Industries and P. T. Sanshiba were purchased by an Indonesian businessman. The sale is the culmination of several months of negotiations. San was
      145 words
    • LATEST RESULTS
    • Article, Illustration
      Lock icon Cheers, Chiarapurk
      646 11 mm*** by HOCK LOCK SIEW WHEN Mr Jack Chia was sniffing out the ground in Melbourne early this year, an exciting determination must have overcome him. With his tested sense of timing, he knew what he was doing then would open up a new and important source of
      by HOCK LOCK SIEW  -  646 words
    • Article
      COMPANY MEETINGS
      216 11 SOUTH-Eaat Aria Lumber Corparatian said its board of directors will be meeting soon and the Kuala Lumpur Stock Exchange will be informed "if any decision on matters of importance deemed necessary for public release" is made. SEA Lumber chairman Loh Kim Foh, in reply to KLSE queries, said
      216 words
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      Page 11 Advertisements Column 1
      42 11 k S££ lir 2i CHONG LEE LEONG SENG CO. (PTE) LTD. 180-182 Tyrwhrtt Road, Singapore 0820. Tel: *****22. Cable: "GOODENGINE." Telex: RS *****. Indonesia: P.T. MARINE POWER, 141 BJk 11, C-18 Jalan Pangeran Jayakarta, Jakarta. Tel: *****7, *****9. Telex: ***** MP JAKARTA.
      42 words
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  • Article
    Lock icon Opposition snubs five-power defence plan
    176 12 UPI AUSTRALIA'S opposition labour Party has voiced its disagreement to a revitalised five-power defence arrangement with Singapore, Malaysia, New Zealand and Great Britain. Party deputy leader Lionel Bowen described the plan as "a half-baked idea". He said, "The practical problems of revitalising the five-power arrangements
    UPI  -  176 words
  • Article
    Lock icon Opec gives hints of further price rise soon
    571 12 UPI, Reuter WITH their next price-fix-ing talks only three weeks away, Opec members have begun dropping hints that they will be raising crude oil prices again soon. In the Qatari capital of Doha, a leading Englishlanguage weekly, the Gulf Times, said on
    UPI,; Reuter  -  571 words
  • Article
    Lock icon Studies for five Sabah projects
    248 12 AFP FEASIBILITY studies are being carried out to set up five big industrial projects in Sabah with investments totalling about M 51.85 billion. Deputy Chief Minister, Datuk James Ongkili, told the state legislative assembly yesterday the industries being considered are a liquefied petroleum gas (LPG)
    AFP  -  248 words
  • Article
    LONDON STOCKS
    856 12 LONDON, Mon. Share prices were marked lower following Friday's late rally, dealers said. They noted operators were awaiting the Chancellor of the Exchequer's economic statement to Parliament today. At noon the Financial Times index was down 7.7 points to 508.2. An early weak feature was Metal Box, which
    856 words
  • Article, Illustration
    Lock icon Suharto calls for stronger technical ties
    173 12 Reuter INDONESIAN President Suharto (above) yesterday opened a two-day consulative meeting of the Colombo Plan in Jakarta with a plea for increased technical cooperation among developing countries. Mr Suharto, addressing delegates from more than 20 donor and developing nations, also urged a speeding up
    Reuter  -  173 words
  • Article
    Parliamentary question
    51 12 THE Member of Parliament for Changi, Mr Teo Chong Tee. will ask the Minister for Labour Mr Ong Pang Boon when Parliament sits on Friday whether the latter will consider allowing Central Provident Fund contributors to withdraw part of their contributions five years prior to their retirement from
    51 words
  • Article
    Lock icon China postpones second stage of steel plant
    342 12 Reuter CHINA has decided to postpone the second stage construction work of a one trillion yen (US$4.6 billion) steel plant in the suburbs of Shanghai, a Japanese report from Beijing said. The decision by the Chinese State Council was conveyed on Sunday by
    Reuter  -  342 words
  • Article
    Lock icon UN PEACE MISSION
    80 12 Reuter FORMER Swedish prime minister Olof Palme left Baghdad yesterday apparently satisfied after the first stage of his United Nations mission to find a peaceful settlement to the two-month-old war between Iran and Iraq. Mr Palme, speaking after two days of talks in Baghdad and three days
    Reuter  -  80 words
  • Article
    Effects of computer era not fully recognised
    382 12 THE recent announcement by the Telecommunication Authority of Singapore on introducing push-button shopping is yet another sign of an inexorable trend towards a new Singapore where the way of life will be drastically different from the experience of the present generation. This observation
    382 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      296 12 ADVERTISEMENT Mother Gets Big Reward What kind of man gives his wife a vacuum cleaner for her birthday? asks an advertisement for gold jewellery. Well it looks as if Singaporean husbands have read it and are getting the message. A leading woman's magazine recently interviewed housewives to find out why
      296 words
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      Page 12 Advertisements Column 2
      171 12 Kuala Lumpur mi THONG RESTAURANT Invest your money in the finest food and enjoy good health! Famous dishes and delectable specialities that are also nourishing, prepared by our specially appointed Master Chef, Leong Mun Soon and distinguished founder, Leong Moon Chun, who have won honour and testimony at the birthday
      171 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      66 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Cloudy with thundery showers in many places in the early morning followed by occasional light rain. Report for 24 hoars prior to 7.31 p.m. on November 24 at the airport. Maximum temperature 29.5 Associated humidity 74 Minimum temperature 23.3 Associated
      66 words
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  • SHIPPING TIMES
    • Article
      INDEX TO ADVERTISERS
      620 13 Shipping Line Page Col Adriatic IV 5 Afea VI 3 Afro-Eurasia VIII 3 Alltrans VI 5 Alpac VI 5 Angkutan VI 4 ANL I 1 Antoll VII 4 APL III 4 5 Aehipelego VII 2 Argentine IV 4 ASCL in 1 Asia Merchant IV 2 Bangladesh vni
      620 words
    • Article
      FASC shifts blame for breakdown in rate talks
      586 13  -  By G DURAIRAJ THE Federation of Asean Shippers Council (FASC) yesterday reproached Far Eastern Freight Conference director Brian Allen for what it called his misleading statement which placed the blame for the failure of the last FASC FEFC meeting squarely on the
      586 words
    • PORTSIDES
      • Article
        FASA meets in Jakarta
        103 13 THE Federation of Asean Shipowners Association (FASA) will hold its sixth annual meeting from Nov 26 to 28 at the Aryaduta Hotel in Jakarta. Indonesian Shipowners Association (Insa) executive said the meeting will discuss among other subjects the publication of an Asean shipping directory and problems
        103 words
      • Article
        Lock icon BP builds in S. Korea
        158 13 AFP BRITISH Petroleum (BP) has placed orders worth US$2lO million for two North Sea oil exploration platforms, one of which is to be built in South Korea. The second rig will be built in Britain, and the orders bring to four the number of platforms
        AFP  -  158 words
      • Article
        Lock icon USSR rig damaged
        144 13 AP A Japanese-built, Soviet-owned oil drilling platform in the Sea of Okhotsk off the Soviet Union's east coast was nearly lost during a violent storm, the Soviet news agency Tass reported. But the installation was saved by the "courageous operations" of its crew, it said. Tass did
        AP  -  144 words
    • Article
      Less Indonesian ships docking in S'pore
      396 13 THE Indonesian Government has succeeded in reducing the number of Indonesian ships sent to Singapore for docking to 100,000 deadweight tons annually from 400,000 dwt previously. Indonesian Shipbuilders Association (Ipperindo) chairman Sularto said this is a major step in helping boost the development of
      396 words
    • Article
      Container Schedules
      918 14 LCL CONTAINERS UNPACKED IN CONTAINER FREIGHT STATION (during the period 23.11.80 at 0700 hrs to 24.11.80 at 1500): Vessel KAMAKURA MARL Voy No. 48 488 Arrival Date: 18.11.80 Agent Line SEGANI Stock Gdn: TA 3 Container HLCU *****53 HLCU *****16 HLCU *****87 HLCU *****15 HLCU *****26 HLCU *****30
      918 words
    • Article
      LONDON FREIGHTS
      1481 14 CONTINUED freight gains were seen for grain business on Friday for the US to the Far East with a cargo being covered from the US Gulf to Japan at US$4O compared with about $38.50 previously. Steady levels were meanwhile paid for Continental discharge with two vessels being fixed
      1,481 words
    • Article
      SHIPS IN PORT
      422 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ashley Lykes (after President Adams) 35/36 Equator (after Kim Soon Li) 22 Gudrun Bakke (2359 after Rosie D sails) 6/7 Jan Mateko (1500 hauls after dredging operations Must vacate 0530 26th) 46 Joo Hong (Tanker) (1100 P/O Subect gas free) 13/ 14
      422 words
    • Article, Illustration
      Lock icon Inexperienced owners behind troubled trade
      1015 15 FEARS OVER NEW 'SUB-STANDARD' TANKERS FT AS has been made abundantly clear by recent tanker casualties, the growing tendency for the inexperienced oil trader to become involved in the operation of very large second hand tankers is giving rise to fears that a whole new
      FT  -  1,015 words
    • Article
      Lock icon Japan will propose a regular service to China
      301 15 AFP JAPAN will prspooe to China next month an early •petting of regular freighter i shipping service between the two countries to cope with their increasing trade. Japanese Transport Minister Masajaro Shl«kawa will make the pwywal 1 when be visits Peking tot
      AFP  -  301 words
    • Article
      Lock icon ILO supports more women as marine officers
      338 15 AFP MORE and more women are joining the merchant navy, according to a special report of the International Labour Organisation (ILO). The report said that in the past 10 years, women at sea have increased until today they number about 33,000, including 1,100
      AFP  -  338 words
    • Article
      Lock icon Strong winds save Maine shoreline
      223 15 UPI GALE-FORCE winds and high seas last Saturday protected the Maine shoreline from contamination by a 5km wide slick containing more than 12,000 gallons of gasoline and fuel oil from a damaged tanker. "It appears that the oil, as a result of offshore winds, has
      UPI  -  223 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2826 19 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      2,826 words
    • Article
      Sweden halves tonnage of merchant fleet
      301 20 THE Swedish merchant navy 511 ships aggregating 6.4 million tonnes deadweight on Oct 1 has been halved in terms of tonnage over the past seven years but has at the same time been thoroughly modernised, the Swedish Shipping Gazette says in a survey. Investments
      301 words
    • Article
      The Consortia
      136 20 The major shipping consortia operating between the Far East/Europe and Straits ports/ Australia and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. 'K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedlloyd Lines.
      136 words
    • Article
      Ogden Marine US$860om LNG project
      484 20 THREE ships to be built by Ogden Marine for the Indonesia California liquefied natural gas project will cost over US$B6O million. The firm's decision to build the ships does not herald a start to the longawaited project, however. There are still many problems to be
      484 words
    • Article
      Lock icon RATES IMPROVING
      344 20 AFP THERE was an increasing demand on the tanker market last week, following a resumption of enquiry out of Iran, with rates showing a distinct improvement. Iraq was also said to be resuming operations at Ceyhan, Turkey, via the pipeline and several fixtures were arranged. Meanwhile, Iran's Kharg
      AFP  -  344 words
    • Article
      Who Acts For Whom...
      1627 20 The leading shipping lines operating from local ports and the agents who handle cargo bookings for them. A B Adupelego RT Transportation (S). Adnata Contaawr Continental Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agen cies (S)/Euro-Asia Line (PK/PN) Afro-Ewasia Line Transgroup Pte Ltd (S). Alfred C
      1,627 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      441 13 PIL GROUP REGULAR CONTAINER FEEDER SERVICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE EOR THE PERSIAN GULF AND RED SEA PORTS See Page V JARDINF AM AH ft SAI L[Nq i mOrient Overseas Co*d<U*teA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) I*oRf NT Al CHEF 22* ICPTUNE
      441 words
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      Page 13 Advertisements Column 2
      313 13 HSEALORDU fm. UASC UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF EXPRESS MULTI-PURPOSE SERVICES AL SALIMIAH V 31 ARAFAT V.22 I Loading for Kuwait (29/12). Damman (1/1), Dubai (4/1). Abu Dhabi (7/1) Doha (10/1). Mina Al Fahal (13/1) Mina Qaboos (16/1) Dubai (16/1). Dammam (19/1), Kuwait (22/1). Mina Qaboos (25/1). Doha
      313 words
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      Page 13 Advertisements Column 3
      651 13 u Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. ?IV,i/ii Irtmrnd' ??OS6J M 48j?49-Jh i <S4 Penang jffllSl Port KeUnf 386/8 i CFS 389?78 MAERSK LINE EXPORT TOUS PACIFIC. GUI.K. ATI.ANTIC. FAST CANADA AND ASIAN PORTS Maersk Rando Sailed Maersk Mango Sailed Maersk Rando 29
      651 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      894 14 MISC Ifi MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** a CONTAINER SERVICE Aha Accepting Fgr 1) twicMona Genoa. 2) Amsterdam, Antwerp I Havre. Bilbao Basle. UK. 3) Bremen Bremenhaven. Aarlwis. Copenhagen. Helsinki
      894 words
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      Page 14 Advertisements Column 2
      372 14 BBS SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA US ATLANTIC GULF AND E. CANADA ft Ketone kta r BAMM PEJtStUS *26/11 T9I 3/12 9/12 BAMEX TONSBOIC *10/12 |l Mm *cpto* Contamn to CAMBEAN w MUM Wa Ratii FCI Cwlm ortr TSTOK CM Mam Sa«h Chstr Bmort N Tort Boston St Mn
      372 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      422 15 Overseas Containers Limited Weekly service to/from UK/Europe CONTAIOSHP SERVICE FROM UK/COWTWIT: tafilhn Namao (91 la* a* SINGAPORE MANSFILD CONTAMER SHPPWG PTE LTD *****1 K LUMPUR CONT/UfO AGENOES *****4 P KELANG *****6/8 PENANG BOUSTEAD SWUNG AGENCCS SON BHD *****1/3 STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Contamership Service
      422 words
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      Page 15 Advertisements Column 2
      377 15 /Sj Franco Belgian Services (F<tr Fast French Service with Belgian bar Easttrn Linesl o» ACE CONSOSTIUi £> Seatrain Pacific Services «g*nla SINGAPORE Ar>g Co TE nit M Anglo-FrenchTradingCo.Pte.Ltd. L 227f111 (10 lines) C? fc L ***** Afffrnlo MALAYSIA %c Shipping Af>m *•'•"8 7111/4.] 77 P»nang I.T( J= AMERICAN PRESIDENT LINES,
      377 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      668 16 12 TO NORTH EUROPE Osaka Bay TOUMTEMmgA Hapag-Uoyd Antwerp 16/12 18/12 19/12 21/12 22/12 24/12 27/12 29/12 23/12 28/12 29/12 2/1 4/1 6/1 3/1 9/1 2/1 </i 5/1 m 12/12 14/12 S port PK I Pen Balbac Genoa H burg B'ha»en Rdam Antwerp 3/12 I- 12/1 22/1 20/1 17/1 15/1
      668 words
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      Page 16 Advertisements Column 2
      516 16 r/&.Jd». LINE KOREA Sf P. KeUnf PENANG STORE F *2*®f AN ALTABIS7W Sid In Port Sid BANGKOK ALTAIR 158Esw m Port sw TO busan VEGA 155W 25-29 Dec 30-12/1-1 2/6 Jan SI FROM BUSAN BANGKOK VEGA 156£ 25-29 Dec 30-12/1-1 2/6 Jan SI TO BUSAN KSC KSC KSC KSC KSC
      516 words
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      Page 16 Advertisements Column 3
      543 16 ©EVERGREEN LINE r FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE JSSy.CW O FOR: HAMBURG. FELIXSTOWE, ROTTERDAM. wiiwtKr. LE HAVRE ALSO ACCEPTMG CARGO FOR: UNITEDKINGDOM iWu I HAMPTON. LONOOft. MANCHESTER, NRMMGHAM BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BRfHnSuvffT HOLLAND AMSTERDAM I NMtef MtrtaiMitmMwp le New Ja* */n 17/12 U/l? 21/12 24/12
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      Page 16 Advertisements Column 4
      726 16 Everett Lines Hay—don Intarcontiowital S. A. C.I. F. 'ARGENTINE NATIONAL LINE" LOADMG FOR DURBAN MONTFVDEO BUENOS MRCS 27/21 Nov 27/21 Jan Transportadon Maritima Maxicana S. A. "MEXICAN NATIONAL LINE" FAR EAST/MEXICO I CENTRAL AMERICA SERVICE "on TIM tfvouth BI of Ladnf" LOAOMC FOR ENSINAM. MM2ANLLO ACAPUCO ACAJUTIA. COMNTO SAN «S{
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      Page 16 Advertisements Column 5
      732 16 r THO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD. 31 SANKYO LINE MAT CMP.. MAT SKY.... AUSTRALIA SERVICE Saigapore P Kelang Loadng far: a/30 Nov 27/21 Nov DARtMN/IWPA 15/16 Dac 17/11 D« SYD. MEL. ADEL JAPAN/STRAITS SERVICE SMGAPORE TQ *****44/7 4 *****70 I lUWW TEL *****4 4147)1 COftTWO BOOMS OCCAM SWPWC STORE
      732 words
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      Page 17 Advertisements Column 1
      743 17 L. PIL GROUP EAST AFRICA/REDSEA SERVICE a VESSEL VOY. MANILA H'KONG Navalis 6S/7N 10-11/11 Nap Topaz 265/27N 18-19/11 Nap. Zircon 265/27N 26-27/11 Navalis BS/9N 4-5/12 Nap. Topaz 28S/29N 12-13/12 Nap. Zircon 28S/29N 20-21/12 Navalis 10S/11N 28-29/12 13-14/11 21-22/11 29-30/11 7-8/12 15-16/12 23-24/12 31-1/1 IST CALL SPORE 25-26/11 5-6/12 13-14/12 20-21/12
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      Page 17 Advertisements Column 2
      731 17 BENLINE CONTAINERS ntmnim H BURG B HAVEN ROAM HAVRE SOTON i* Germany/Austria Beneiui France Ml* PKeiang Spore F«: Osaka Bay w SjfcO SaAod SjM Sated 2C/11 29/11 m TWN talking Eipreu SjM SjM SjM SjM SjM S/12 81l JPft Bonattow SjM SjM SjM SjM SjM 0/12 t« TWN F«4 Flou
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      Page 17 Advertisements Column 3
      1057 17 'J v i Scan Dutch V WEEKLY EXPRESS CONTAINER SERVICE rbMi feeder QAHUA SU B PtWGA 20/11 B DAMIA 5/1? NED HOOWt 9/1? PWAGA 20/12 B POMGA 21/12 Start] l)irMta2)«4aa. 3>H'bw,4)6'( HID KIFT ioT 2/12 17/12 S{l MOM-f J/12 24/12 rrrrT. It/i» 11/12 WD IXMM 73/1? I £dh££ 30/12] 14/1
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      Page 17 Advertisements Column 4
      606 17 1 SINGAPORE eta Reunion Durban Capetown Pt Eliz BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNION SOUTH AFRICA BEAVER BANK 11/12 24/12 31/2 7/1 9/1 (also accepting East London and Maputo cargo) Lukes/4 Lines U.S. WEST COAST SERVICE 1 Oncttron SFO Lbch ISPORL S tie Tac VBC ASHLEY LYKES Sid Gd
      606 words
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      Page 18 Advertisements Column 1
      816 18 K LINE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA H***' Vmumm. Hroton. Galmton. He. Ort.«B. Bojton, SI Mb. PMadq«ia. ItoM, Baftrare Snnuli lacksonvfli TO EUROPE (accepting car|«« to Scmdnjni na Hambw{) FROM EUROPE TO FAR EAST *t Harw P Ketang Sport H'Kong CKaka Tokyo S cS2fi® f*
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      Page 18 Advertisements Column 2
      537 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE I**** tar 10S mailt UK FIMOSCO SUTIU. IKH WKOMOt. B C Accepting FCI/TCI Cartmtn P I(U<l| Smupoft L Anfefc« AUSTRALIA EXPRESS CONTAINER SERVICE Acctpfer Fa/Fa Crtwn NEW ZEALAND SERVICE >r MED*. irTTLfTVL WUMCrOR. MKXIMB 'MW tec*** fa/fa c«M>n Penanf P KHanf Singapore 2/3
      537 words
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      Page 18 Advertisements Column 3
      593 18 > (ii'oiin SINGAPORE SHIPPING AGENCIES PTE LTD ~A D TH f LOOfi OCtAN BUILDING SiNGAPOHt 0104 ING *****? 13 LIMES) GENERAL *****1 114 (IMES I TERMINAL OFFICE *****83 "S ***** A B CABSHIP CABLE CARGOSMIP inn Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK JADE BOUNTY IAOE BOUNTY )AK BOUNTY JAOE
      593 words
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      Page 18 Advertisements Column 4
      601 18 Ul gramard line INDEPENDENT ATTRACTIVE RATES MEDITERRANEAN SEA SERVICE 4LSO ACCtPTISG COSTAISEM CARGO FCL OSLY FOR: PORT SAID. ALEXANDRIA, BEIRUT lattakia u mas sol. Istanbul a piraeus Specially engaged agents A stevedores providing immediate discharge MAN CHEONG V.4IN MAN SMS V 44W Cjfcn Port Said. Mnit I Lattakia oriy STRAITS/EAST
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      Page 18 Advertisements Column 5
      627 18 CONTAINER SERVICE NON CONFERENCE INDEPENDENT FULI CONTAINER SERVICE accept FCI/LCI cargoes to USA East I West Coast, Panama, Cambean and East Canada S" U/Sfc KttSa«am*i Kycßoi Hh/Mt/Trt GOMANC/Z. TOKYO 2f Nn 20 Dk 2 tan 5 lan 7 lan 9 l*i II OSAKA MT/I. GENOA W Hon 3 Jan IS
      627 words
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      Page 19 Advertisements Column 1
      638 19 NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): 0. CHEF 22W+ HK CONTAINER 23* C CONTAINER 9W SS BRDGE 23W N. GARNET 3W 'Containers feedered to/from F'stowe Also accepting cargo to/from Scandinavia +0 CHIEF Spore Closing Times: FCL Cargo 1 LCL Cargo FROM EUROPE (VIA SUEZ): 2200 27/11 1000 27/11
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      Page 19 Advertisements Column 2
      133 19 ANTOLL LINES 1 Independent Container Conventional liner Service D»ec« B/lJ to frenunttc. AdHi.de MHbourr* (GeHontl Sydney Bmban* Port So* TiMta MHb (GeHont) Sid Sydney S*d Sin(apore Nov 28 Port Keiant Nov 30 Sol Drott Sol Tula SolDroH Dec 7-9 Dec 15-U lan 11-13 Dec 11-13 Dec 20-23 lan 15-17 Dec
      133 words
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      Page 19 Advertisements Column 3
      101 19 THE NEW STRAITS SHIPPING CO (PTE) LTD CHITTAGONG SERVICE FT A Spore ETA Penan* LOADMG FOR: M V MSHMA „2« Itev ChrtU((»| Calling Penang subject inducement MANILA SERVICE M.V. PINEWOOD 4 Dec 7 Dec Manila Calling Hong Kong wbtect inducement Union Bldg (sth floor). 179E Tras Street. S pore 2
      101 words
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      Page 20 Advertisements Column 1
      444 20 MALDIVE LINES ETA KUANTAN ETA PORT KELANG MALDIVE MAGE 5/12 Loading For Jeddah/Djibouti MALDIVE PEACE 5/12 Loading for Dubai/Kuwait MALDIVE SEAFARER 3/12 Loading for Jeddah MALDIVE MPORTER In Port Loading for Male MALDIVE INDUSTRY Sailed Loading for Chittagong/Madras MALDIVE CREST In Port Loading For Basrah FOR BOOKINGS ENQUIRES PLEASE CONTACT:
      444 words
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      Page 20 Advertisements Column 2
      391 20 GLOBE LINE LTD Weekly service to Male. Makfve Islands via Colombo Globe v. 1 Globe v. 2 Globe v 3 7/12 13/12 19/12 ms SIM S." 3 Globe v 4 15/12 21/12 26/12 ms SUNE S" < Globe 5 23/12 29/12 2/1/-81 ms SOME S." 5 Refrigerated Space 10 tt.
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      Page 20 Advertisements Column 3
      396 20 NOTAS LINE Regular Express Service SPORE NOTAS Pit LID 111 ?<nm* 5 L.nes) Til RS ***** PK MAHMOOO U4BA> i SONS SON BHD Til *****3 TU w> ***** P &(/<)** SHAPADU HOI DWG SON BHO T£l 6666! f[> MA W3S PfNANG STRAITS ORIENT SHIPP (NT SDN BHD Tfl *****7 6759?
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      182 20 r A Regional Weather fA m u N 1 ws £1 2b SB f I ft *<v< 2S s# ,\N IT, >] S3 Xr c t ISS m m as®? vts 5? SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. C yA win« Wind direction with speed in
      182 words