The Business Times, 12 June 1981
1981-06-12
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The Business Times
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Title Section11 1981-06-12 1 BUSINESS TIMES M.C.(P) No. 107/1/81 FRIDAY, JUNE 12, 1981 60 CENTS11 words
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BRIEFLY...
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Article74 1981-06-12 1 AFP ABU DHABI, Thurs. The international oil glut is about to reach four million barrels a day and exporting countries must take "decisive steps" to line up their oil rates and cut output. Oil Minister Maneh Said al-Oteiba said some countries would be obliged to trim pricesAFP - 74 words
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Article66 1981-06-12 1 Reuter ROME, Thurs. Giovanni Spadolini, the leader of Italy's small Republican Party, accepted the task today of trying to form the country's 41st postwar government but political analysts said his chances of quick success are slim. Senator Spadolini, 55, received the mandate from President Pertini after outgoingReuter - 66 words
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Article55 1981-06-12 1 Reuter TEHERAN, Thurs. A strong earthquake jolted the province of Kerman in south-eastern Iran today and some people were believed killed. The governor of the province, General Abolhossein Saveh, said only the town of Golbaf, about 50 miles south-east of the province's capital, appeared to have sufferedReuter - 55 words
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Article81 1981-06-12 1 Reuter WELLINGTON, Thurs. Prime Minister Robert Muldoon today firmly rejected a political union between Australia and New Zealand. He told Australian businessmen that a closer economic relationship between Australia and New Zealand is likely to succeed "and bring our countries closer together in the economic sense." ButReuter - 81 words
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Article75 1981-06-12 1 Reuter NEW DELHI, Thurs. Prime Minister Indira Gandhi appealed "as a mother" for votes on behalf of her eldest son, Rajiv, in a by-election to Parliament slated for Sunday. Mrs Gandhi drove to the Amethi parliamentary district, about 560 km south-east of here, where Rajiv, 39, is runningReuter - 75 words
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Article82 1981-06-12 1 AP MANILA, Thurs. Government troops captured the top Communist guerilla commander in the southern Philippines in a raid yesterday on a rebel hideout in Davao city. The Philippine News Agency reported that several hand grenades, assorted firearms, and subversive documents were seized from Benjamin de Vera, describedAP - 82 words
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Article76 1981-06-12 1 Reuter LONDON, Thurs. Radical left-wing politician Tony Benn, bidding for power in Britain's opposition Labour Party, is suffering from a rare disease of the nervous system and will not be able to resume his normal activities for some time. His illness, revealed while a power struggle insideReuter - 76 words
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Chief Price Changes
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Article134 1981-06-12 1 Rises Indices Ming Court 800 PMC 1800 Nat Iron 735 Prima 685 Pegi Maia 1310 FAN 695 Leong Huat 390 Hong Leong Ind 1810 Keppel Ship 755 Supreme Corpn 745 Taiping Textile 580 Haw Par 496 Syn Reaina 785 Falls Sel Propertiea 890 Metro Hldgs 2060 M (J I134 words
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Article, Illustration158 1981-06-12 1 Rises Indices Inch KK 1600 200 June 10 June 11 M Text 825 95 BT Index: *****9.29 *****3.17 Pac Dev 1410 80 Industrials: 1156.87 1178.26 F and N 770 70 Finance: 1835 89 1864.23 M Tobacco 850 60 Hotels: 518.93 519.40 PMC 900 60 Properties: 1197.33 1202.14 Supreme158 words
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Article622 1981-06-12 1 WONG AI KWEI - PREFABRICATED FLATS By WONG AI KWEI THE Housing and Development Board is negotiating with two foreign companies on the supply of prefabricated housing components worth $1.2 billion to build about 30,000 flats in various new towns. The first contract, scheduled to be signed next month, will622 words
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Article284 1981-06-12 1 TRADE Industrial Development, a joint venture between Mitsui Real Estate and the Hong Leong group, is putting about $50 million into two property projects. More than half the sum is being ploughed into the development of two blocks of flatted factories off Aljunied Road. Construction284 words
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Article413 1981-06-12 1 SIOW LI SEN - By SIOW LI SEN A CONFIDENTIAL report on preservation of historical buildings has just been completed by a team of professionals, and will be submitted soon to the Government for study. The team, comprising mainly Urban Redevelopment Authority officials, was formed in January this year following413 words
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Article598 1981-06-12 1 A TAKEOVER Code in Malaysia is clearly desirable but due consideration should be given to the New Economic Policy which requires bumiputras to control 30 per cent of a company's equity. This point was brought up by a leading Malaysian banker and a local lawyer at the598 words
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599 1981-06-12 1 AFTER batty pursuing the Nrptoor Orient Lines and Hotel Marc* Polo share *****8 recently, the investment community seems to regard new issues with more levelled interest. The two current offers by Singapore Finance (Sinfln) and Hong Fok Corporation are said to have drawn599 words
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484 1981-06-12 1 CHOO AI LENG - By CHOO AI LENG FUELLED by news of corporate takeovers and by aggressive buying across the board, the Singapore stock market bounced to an all-time high yesterday in one of the most active trading sessions seen in weeks. "Buy" was the484 words
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Page 1 Advertisements
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Advertisement31 1981-06-12 1 Computer Safe Maximum Protection and Security For Data Media —s S4FE,4ND SECURITY j SYSTEMS PTE. LIMITED fl 45 Podium Block, Goklhill Plaza, Newton Road, Singapore 1130 Cable EDP SYSTEMS Tel: *****11/331 words
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Advertisement44 1981-06-12 1 h\ h W Made in Switzerland "Hie Best of Bally" Classic styling, superb quality and that extra fine detailing for which Swiss craftsmen are world famous. 5 1 u /y SERPIANO Sokr Agent for SiEAsia, Hong Kong Taiwan. S.G.PARRETT A SON (PTE) LTD. Singapore44 words
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Advertisement75 1981-06-12 1 SHIPPING TIMES CHINA reviews policy on oil BOtISTEAD sounds a note of development.. 2 warning.................................... 11 PROSPECTS for fisheries OUTLOOK for earnings at Seaindustry 5 Mr P IS PREVIEW of conference on PRICES of Arab crude fall on Kampuchea 8 spot market 14 TV AND RADIO 8, CROSSWORDS 8, WHERE75 words
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Advertisement5 1981-06-12 1 Leader...page C Leader... page S5 words
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Advertisement181 1981-06-12 1 GOOD READING MATTERS AT mimes Bookshops lMnOMmdC«wi* loimUitr. iuckv*.*** *v(c>Aiisn M *0» OAr« *o*l '.rtfsma «s*d UVUIi MoaC 13 ~«H cm •Ci.i*'o*ocf«Tii< ••chha-OOH T* 7JM»" 73W'I 97*3 9v-<o- *•> T# .WW Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy181 words
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REGIONAL
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368 1981-06-12 2 AP AFP UNITED Nations SecretaryGeneral Kurt Waldheim said yesterday that Vietnam and the Soviet Union have refused to attend a UN conference on Kampuchea. He said their absence would create "certain problems'' but the conference will go on as scheduled. He made theAP; AFP - 368 words
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964 1981-06-12 2 Reuter CHINA may not need as much help from Hongkong as an oil support base to develop its oil industry. Comments by Chinese officials in Canton and the experience of oil companies already involved in joint ventures with China suggest the ChineseReuter - 964 words
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154 1981-06-12 2 THE Australian government yesterday introduced a legislation to halt the enforcement of foreign antitrust judgements. The legislation was prompted by the American Westinghouse suit which sought damages against four Australian uranium companies and about 20 other companies, claiming a uranium cartel existed. The suit154 words
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217 1981-06-12 2 AFP THE Philippine government had obtained an additional financing of about US$lO4 million from the Union Bank of Switzerland (ÜBS) for the ongoing construction of the country's first nuclear plant. Finance Minister Cesar Virata said yesterday ÜBS had completed its proposal for the syndicationAFP - 217 words
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Article147 1981-06-12 2 Reuter JAPAN'S Federation of Economic Organisations (Keidanren) said it will submit a memorandum to the Japanese government soon urging the build up of a stockpile of imported raw materials and fuel, including nonferrous metals and timber as well as oil and coal. The Keidanren said it believes theReuter - 147 words
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THE REGION IN BRIEF
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Article308 1981-06-12 2 Agencies PAPUA New Guinea has been granted special observer status for the Asean foreign ministers' conference in Manila next week. Foreign Minister Noel Levi's delegation will be able to attend the closeddoor sessions for the first time. THE NUMBER sf Anatrar liana anemplsyed seeking fall-time wsrk rsse lastAgencies - 308 words
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Article786 1981-06-12 2 ARRIVALS Service Local Operator Number Time From MAS MH671 1000 PEN/KUL SIA SQ201 1000 HLP CPA CX710 1005 HLP SWR SRI 76 1015 ZHRGVABOM GIA GA850 1030 HLP GIA GA908 1045 MES SIA SQI03 1015 KUL MAS MH605 1045 KUL PAL PR501 1055 MNL SIA SQ191 1105786 words
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Page 2 Advertisements
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Advertisement183 1981-06-12 2 4k py V PitL I ■> 532:;;-~.V f*j?Si y i:*l XSI Now. Two rooms of airconditioning for virtually the price of (me. For a little more than the price of one aircon, the Carrier Twin System Console can give you two rooms of cool airconditioning. It's a single fan coil183 words
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OVERSEAS
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462 1981-06-12 3 AP THE DROP in the value of the sterling has brightened Britain's economic prospects, but "unfair competition" by the Japanese is causing major problems, one of Britain's leading industrialists said on Wednesday. Sir Terence Beckett, director-general of the Confederation of British Industry, saidAP - 462 words
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Article262 1981-06-12 3 Reuter THE WORLD oil glut will end by the fourth quarter of this year. This was predicted by Mr Hamid Zaheri, head of the public information department for the Organisation of Petroleum Exporting Countries. Mr Zaheri's prediction differs from other forecasts, most notablyReuter - 262 words
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512 1981-06-12 3 UPI PRESIDENT Reagan has suspended delivery of four F-16 fighter-bombers to Israel, pending a review of /whether the Israelis violated a defence agreement with tfie United States by using the planes to blast a nuclear reactor in Iraq. Mr Reagan believes the useUPI - 512 words
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165 1981-06-12 3 AP SYRIAN President Hafez Assad has threatened to destroy Israeli warplanes and "even more than that" if Israel attacks Syria's recently deployed anti-aircraft missiles in Lebanon's Bekaa Valley. But he left the door open for diplomacy to try reach a negotiated settlement ofAP - 165 words
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WORLD IN BRIEF
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Article441 1981-06-12 3 Agencies EGYPT has signed a contract to buy 16 Mirage-FV fighter planes from France. Defence Minister General Abdel Halim Abu Ghazala said in Paris on Wednesday that an Egyptian delegation had signed the sales agreement recently in France. Egypt already owns about 60 Mirage jets, severalAgencies - 441 words
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521 1981-06-12 3 NYT SEVERAL business groups have responded to the Reagan Administration's intense courting by voicing support for the tax bill sent to Capitol Hill on Tuesday. In trying to mollify the business community, the administration restored about half the US$5O billion in tax breaksNYT - 521 words
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390 1981-06-12 3 NYT AIR FRANCE has announced a "preliminary contract" for 25 Airbus 320 planes, thus becoming the first airline to place even a tentative order in the fierce new competition by builders to market a fuel-efficient jet airliner designed to carry 150 passengers.NYT - 390 words
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366 1981-06-12 3 UPI AFTER three weeks of intensive campaigning, a variety of opinion polls and push-button party predictions, even the bookmakers were as confused as the voters about the outcome ot yesterday's general election in the Irish Republic. An estimated 2.2 million voters were entitled toUPI - 366 words
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324 1981-06-12 3 Reuter POLICE and troops yesterday scoured Republican areas of Belfast for eight guerillas who pulled off the largest jail break in Northern Ireland for seven years on Wednesday. The escape by the eight, two of them disguised as prison warders, was wellplanned and timedReuter - 324 words
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121 1981-06-12 3 AP THE NEW Socialist French government, in its third cabinet meeting since taking power last month, started moving on its campaign pledge to create more jobs, but at the same time informed Frenchmen that their fuel bills are going to rise. Following the regularAP - 121 words
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403 1981-06-12 3 AP AMERICAN steel workers are the highest paid in the world, but the US Labour Department has found 10 countries where textile workers earn more than their American counterparts. According to 1979 figures released on Wednesday, both the steel and textile industries in theAP - 403 words
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383 1981-06-12 3 Reuter THE US has modified its proposal for the full financing of a 50,000 tonne buffer stock under the proposed Sixth International Tin Agreement. Instead of delivering cash on request, governments would give the buffer stock manager a guarantee that the money was availableReuter - 383 words
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Page 3 Advertisements
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Advertisement620 1981-06-12 3 THE EXECUTIVE DEVELOPMENT SERIES Organised by DEPARTMENT OF BUSINESS ADMINISTRATION SCHOOL OF MANAGEMENT NATIONAL UNIVERSITY OF SINGAPORE Course Titles and Dates FINANCIAL ANALYSIS FOR PLANNING AND CONTROL June 29 30,1981 conducted by PROF. DANIEL McDONALD This course is designed for those in managerial and administrative positions who have had little620 words
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RAW MATERIALS
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Article628 1981-06-12 4 MALAYSIA may undertake to produce solder locally following the setting up of a tinplate plant currently under construction at Pasir Gudang. Disclosing this in Kuala Lumpur recently, the deputy director-general of the Malaysian Industrial Development Authority (Mida), Mr N Sadasivan, said the project would fall628 words
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Article185 1981-06-12 4 RUBBER prices in Singapore yesterday closed slightly easier with July One RSS buyers quoted at 247.00 cents a kilo, down one cent from Wednesday's close. Morning prices were marked down about half a cent, after fluctuating narrowly around opening levels, in featureless trading. Afternoon prices eased further but recovered185 words
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Article364 1981-06-12 4 RAS prices In cents per kilo yesterday: Close Noon (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R.S.S. prompt f.O.b. 238.50 239.50N 238 00 239 00N Int. 1 R.S.S. July 247.50 248.00 247 00 247 50 Int. 1 R.S.S. August 253 25 253.75 253 00 253.50364 words
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Article118 1981-06-12 4 NOON SSR and SMR p meaa yaatarday: RA9 Jaly Aaiaal (Curreat Mth) (Forward Mth) Bayara Hellera Bayara Sellera SSR 20 (1-ton palkt) ***** *****N 218 00 220 00N SSR 50 (1-ton pallet) ***** *****N ***** *****N MKKLB SMR CV <1 too pallet) ***** 302.00N 302.00 304 OON118 words
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Article87 1981-06-12 4 THE Malaysian Minister of Finance has fixed these rates for the period from June 11 until further notice: Rahher: 271 Vi cents a kilo for RSS One; Cnpra: MJ670.00 a tonne; Palm kernel: $955.75 a tonne; While pepper: $3,606.17 a tonne; Black pepper: $2,242.17 a tonne; The87 words
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Article82 1981-06-12 4 THE STRAITS tin price in Penang yesterday fell seven cents to M 529.55 a kilo, still within the ITA lower range of $77.28 to $3MI, dealers said. The decline was mianly attributed to an easier overnight London Metal Exchange while reduced buying support from Japan and locally was82 words
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Article34 1981-06-12 4 Rubber June 11 Singapore: July: 247.00 cents (down 1.00 cent) Malaysia: July: 268.50 cents (down 0.50 cent) Tin: M $29.55 per kilo (down 7 cents) Official offering: 164 tonnes (down 3 tonnes)34 words
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Article204 1981-06-12 4 WHEAT futures in Chicago on Wednesday closed near the highs of an eight cent range, up 6'< to eight cents per bushel. Although most traders look for a bearish USDA winter wheat crop estimate, short covering ahead of the report kept futures firm ali day. A weak US dollar,204 words
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Article192 1981-06-12 4 CHINESE Produce Exchange, Singapore, noon closing prices per lit kg yesterday. ('«const oil: Bulk fob $115 00 sellers, old drum (in second hand drum) fob $128 00 sellers, new drum fob $134 00 sellers Chopra: Mixed (loose) $67 00 buyers. Pepper: Muntok white pepper fob Asta NLW $412192 words
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Article195 1981-06-12 4 YARN and cotton prices were quoted as follows in Hongkong yesterday (In HK dollars, spot ex-go-down) Cotton y*m: China Blue Phoenix 20s 2,330 32s 2.860. 40s 3.030 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly195 words
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Article331 1981-06-12 4 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.34, 100 per cent second class 1.06. 100 per cent third class 1.05, 25 per cent new crop no stock. B-10 per cent no stock. THAI BROKEN: A-super 0 80.331 words
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Article666 1981-06-12 4 COFFEE: Robusta futures ended the midday call near the middle of the morning's trading range, showing losses ranging from £1 to £17 a tonne in a nervous market. Turnover totalled 1,481 lots. SUGAR: The London daily price yesterday was raw June July £209 and white June July at666 words
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Article214 1981-06-12 4 SOYBEAN futures in Chicago on Wednesday closed on or near the highs of a five to six cent range, up 8'« to 10 3 per bushel. A weaker US dollar, cuts in the prime rate by several banks, and a firmer cash market at the Gulf supported nearbys, traders214 words
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Article165 1981-06-12 4 IN THE Kuala Lumpur market yesterday, prices closed firmer in moderate trading, dealers said. June south traded up to M 51,182.50 a tonne, July south gained 40 t« 1,140, central and north were traded up to 1,155, August central rose 15 to 1,050 and north firmed to 1,070165 words
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Page 4 Advertisements
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Advertisement230 1981-06-12 4 A result of ITT research, experience and ingenuity, the UNIMAT 4020 EPABX system needs no skilled operator. Not even a console. It can be operated via a standard telephone by anyone in the office. Yet it has "business sense" previously available only in much larger, more complicated systems. "Business sense"230 words
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TRADE AND INDUSTRY
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273 1981-06-12 5 AFTER 25 years at Paya Lebar, Esso staff at the airport's marketing terminal are pulling up roots and moving to a new facility called the Changi Airport Hydrant Fuel Installations, or CAHFI. Esso's aviation fuelling superintendent, Mr Lee Heng Min said: "For the first time,273 words
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Article, Illustration385 1981-06-12 5 THE recent Asian Fishing and Agrimac '81 exhibitions highlighted the potential for growth in South-east Asia's fisheries industry. This optimism was shared by at least 16 participants in the exhibitions. Mr Ray Jenkins of Marco Seattle said his company, which develops integrated hydraulic fishing385 words
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Article431 1981-06-12 5 SEMINARS AND COURSES June 6 and 20: Motivational Selling Seminar, SIM Conference Room, Singapore Institute of Management June 8-12: Alien Management Seminar, SIM Conference Room, SIM and Louis A Allen Associates June 10-17: Top Management Development Programme *81, Hyatt Regency Hotel, National Productivity Board June 11-12: Mergers and431 words
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Article182 1981-06-12 5 ESSO plans to automate the operations of its marketing terminal in Jurong and to standardise all terminal operations in this region. This follows a study of the terminal by a team of specialists from Esso Eastern Incorporated, reported Esso Singapore News, a house journal of the oil182 words
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Article120 1981-06-12 5 THE National Productivity Board, in collaboration with the American Institute of Industrial Engineers (Singapore Chapter), will conduct a 2^2-day material requirements planning seminar from July 9 to 11. The seminar leader will be Dr Lynwood A Johnson, Professor of Industrial and Systems Engineering at Georgia Institute of Technology,120 words
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Article156 1981-06-12 5 MARINE Midland Bank NA has made three management appointments. Mr Lee I NMriigkau, vice-president and currently the bank's regional manager for Asean, has been appointed to the bank's merchant banking group in London. Succeeding him as regional manager is Mr Ktger Brewa, vice-president and formerly general manager156 words
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Article234 1981-06-12 5 SINGAPORE Bus Service (1978) may introduce express bus services on expressways. This was disclosed in SBS' annual report which also said that the company will be buying 1,150 new buses costing an estimated $190 million over the next three years to improve service. SBS expects higher234 words
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Page 5 Advertisements
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Advertisement57 1981-06-12 5 WE HAVE MOVED I m m N •VDataprep the Total Systems Support people have moved to bigger, better premises at: Unit 201 -B, 2nd Floor, Delta House, 2 Alexandra Road, Singapore 0315 Telex: RS ***** DPREP Our new telephone number is 273 7474 (16 lines) To contact our Engineering Services,57 words
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Advertisement91 1981-06-12 5 \o/ mu/t de (artier Paris •4 n o m *ssr I m vr Since 18-4 Carrier has been crafting leather as a precious material. Each irem of Ix\s must de Girtier collection is faithful to this tradition of luxury and quality. and is all delivered with a card testify ing91 words
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ASIAN STOCKS
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Article199 1981-06-12 6 NOMURA Securities Co Ltd expects a 10 per cent rise in operating income to the equivalent of US$3BO million and a 20 per cent increase in net earnings to $190 million for fiscal 1981 ending 3®, Managing Directo» Hideo Matsumura said He told fund managers in London this199 words
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Article111 1981-06-12 6 Reuter STANDARD and Poor's Corp has raised the ratings on Tto-Yokado Co Ltd's 9"» l>er cent notes due Aug 31, 1983, and its 6 per cent and 5 per cent convertible debentures due Aug 31, 1992, and, 1993, respectively to "A" plus from "A". The rating service alsoReuter - 111 words
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Article130 1981-06-12 6 DELHI Petroleum Pty Ltd &id Cooper Basin Exploralion well McKinlay One has been suspended as an oil producer. 4 As previously announml, well flowed oil at about •ight barrels a day from the £242 to 1,245 metrp interval and water, mud and small amounts of oil and130 words
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Article98 1981-06-12 6 Reuter PAN Pacific petroleum NL said CaraarvM Basin Well Ta bridge One encountered some gas flows and fluoresce ace 9 several intervals below 25# metres. The significance of these findings will not be determined until electric logging and testing are completed. Paa Pacific has a 41.5 per centReuter - 98 words
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Article238 1981-06-12 6 STOCK prices yesterday closed lower as selling pressure prevailed in slow trading. dealers said. Saha Union fell one baht to 162. Rama Tower 1.50 to 67.50 and Thai Industrial Gases two to 84. Jalaprathan Cement and Siam Cement closed unchanged at 110 and 218 respectively. JUNE 11 Bahts Asia238 words
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Article92 1981-06-12 6 THE stock market day was again mixed. yesterJUNE 11 Peeoe Aco)e Mining MM -***** AUaa Con A AUu Con. a MJB 1JS Bagulo OoM OOn Benruet Con. B MOO BF Qoodrtch 10 cdcp cao Landoll Lepanlo B JIM Martnduaov B L> unch unch -U unch unch unch Oriental A92 words
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Article543 1981-06-12 6 TOKYO SHARE prices yesterday continued to rise sharply with market sentiment enlivened by the yen's further recovery against the dollar, a gradual downturn of US interest rates and revived foreign purchases, dealers said. The market average gained 84.78 to close at 7,569.30 after rising 109.25543 words
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Article377 1981-06-12 6 Sydney A SURGE of interest in stocks associated with the Canning Basin oil search saw the sharemarket make a modest rally, dealers said. WMC added 34 cents to $5.60 and Woodside 11 cents to $2.13. Pancontinetal" featured elsewhere as the stock more than made up for377 words
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Article292 1981-06-12 6 THE market yesterday continued to push on towards the historical high of 1770, adding a further 20 points to close at 1754. Jardines was also an early mover peaking at $26.40. After the initial burst, profit-takers stepped in and mid-morning trading was mixed. Afternoon trading opened with a big292 words
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Article47 1981-06-12 6 FINANCIAL TIME8 INDUSTRIALS Wednesday 542.5 Tuesday 945 0 Week Ago 546.7 DOW JONE8 AVERAGE INDUSTRIALS Wednesday 901.75 Tuesday 804.44 Week Ago 868.71 H.K.HANG SENG Thursday 1754.53 Wednesday 1734.25 Week Ago 1081.17 AUSTRALIAN INDUSTRIALS Thuratla» 740.0 Wednesday 747.7 Week Ago 752.7 ALL ORDINARIES ThRWtofk. w 706.047 words
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Article1231 1981-06-12 6 NEW YORK STOCK MARKET THE NEW YORK stock market on Wednesday closed higher, aided by a drop in the prime rate to 19 l /t per cent by Marine Midland Bank. The Dow Jones industrial average was fractionally lower but other indices closed higher. Advances led declines by1,231 words
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Page 6 Advertisements
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Advertisement100 1981-06-12 6 Elegant Crystal Ware, China Ware and other objets d'art in the rarefied ambience of our new studio-showroom ■xm Bh« -m r '"J i V v rial ti I r- *> A m <■ m. T ,A---,i i fx )M LM N •OAsi M SII VI KW -\h f "Blutenkelch" Glass100 words
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BANKING AND FINANCE
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430 1981-06-12 7 SENIOR government officials say they are committed to keeping the dollar strong despite foreign complaints that high US interest rates have overinflated the value of the American currency. "We are making a determined effort to reestablish the stability of the dollar," Treasury Undersecretary Beryl430 words
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Article135 1981-06-12 7 Reuter THE Soviet Union has signed agreements on two loans totalling 208.8 billion yen from Japan's semi-official Export-Import Bank and about 20 commercial banks in Tokyo. The Exim Bank said the loan agreements with the Soviet Foreign Trade Bank follow protocols signed last December aimed atReuter - 135 words
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MONEY AND EXCHANGES
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Article477 1981-06-12 7 THE US dollar was weak against the Singapore dollar yesterday. Dealers were not sure if this was just a technical correction on the market or an actual reversal of trend. Morning trading of the US dollar against the local dollar opened at 2.1590. Trading during the day reached477 words
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Article136 1981-06-12 7 SINGAPORE gold futures yesterday closed easier compared with overnight levels following the metal's weakness in Hongkong. Prompt closed lower at US$464 466 an ounce against 466/468 on Wednesday, August at 477.20/30 against 478.20/90 and October at 490.50/491.50 against 491.50/ 493.00. On the one kilobar gold market, turnover including kerbs136 words
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Article39 1981-06-12 7 Wed Ties New York 1018B 9.96B 10 IKS 10.16S Zurich 1010B 10.07B 10 30S 10.20S Thar* Wed Singapore 10 MB 10 05B 10 40S 10.25S Closing prices in US dollars a troy ounce Source: Credit Suisse, S'pore39 words
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Article149 1981-06-12 7 THE US dollar for overnight delivery yesterday closed weaker at 225.25 yen, compared with a 226.10 opening here, a 226.06/20 closing in New York and 226.10/25 on the US West Coast on Wednesday, dealers said. This was sharply weaker from a 227.35 closing here on Wednesday. Trading was active149 words
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Article22 1981-06-12 7 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12.97 per cent.22 words
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Article182 1981-06-12 7 ASIAN RATES ASIAN currency deposit interbank rates as at close on June 11. US DoUan(Spot) Offer Bid 7 days 18H 184 1 month 17 7/1# 17 5/10 2 months 18 174 3 months 17* 174 6 months 17 16. 9 months 104 16 U 12 months 16', 164 Smfn. Da*.182 words
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Article47 1981-06-12 7 RANGE at prices offered by discount houses on June 11: Overnight: Call deposits: V% to Clot is g Buying Selling 3-month Treasury bills 6 7/18 6 5/16 3-month Bank bills 13W 13H 3 months CD 12'4 12H 6 months CD 11'4 11*« Source: National Discount Co47 words
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Article60 1981-06-12 7 THE US dollar was mixed yesterday against most major currencies in quiet late trading, after a slight recovery in early trading following the late advance in New York, dealers said. Banknote rates yesterday: US 5.50/5.52 UK -10.70/10.90 Burma —1.20/1.50 India 5.00/5.50 Indonesia 0.78/0.88 Japan 2.44/2.45 Korea 0.75/0.85 Philippines 0.665/0.68560 words
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Article85 1981-06-12 7 THE dollar yesterday continued to firm in moderately quiet trading from its close here on Wednesday after rising overnight in the Far East, dealers said. It opened at 2.3985/96 marks after closing in Hongkong at 2.3900/20, and closing on Wednesday at 2.3790/ 3800 in New York and 2.3690/3705 here.85 words
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100 1981-06-12 7 AFP THE Antrillii givenmeat yesterday approved the establishment a new merchant hank, Amro Australia Ltd. The treasurer, Mr Jaha Haward, said the sharehalders were Amsterdam-Rat-terdam Bank NV s( the Netherlands (4# per cent), and tws Australian corporations, the Mutual Life Carparatian Ltd (41 per cent)AFP - 100 words
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Article64 1981-06-12 7 FLORIDA'S state comptroller Gerald Lewis has approved the application af Aigemeae Baak Nederlaod af Amsterdam U «pea aa agency efflce la Miami. Aa ageacy Is allowed to accept fareiga accaaats aad to make domestic aad (ar> eiga laaas. This was the 25th fareiga baaklag appllcatiaa approved far64 words
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Article, Illustration333 1981-06-12 7 ALVIN TAY - By ALVIN TAY TOTAL fixed deposits of commercial banks declined by $122 million to $11.7 billion at end-April, the first monthly decrease in nearly two years. The sharp decline could be attributed to the lower deposit rates offered by most banks here during the month. In line with333 words
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Article317 1981-06-12 7 THE VALUE of private estates should be re-examined following the recent increase in property and share prices. This was suggested by Mr Tan Kin Lian, general manager of NTUC's insurance cooperative, Income, in its latest news bulletin. Mr Tan also noted that "the need for a317 words
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Article68 1981-06-12 7 POLAND'S Bank Handlowy has met all interest payments on a US$3O million 5 year floating rate note which fell due on Wednesday and has a further 10 days under original terms of the deal in which to repay principal. Bankers have been closely watching Poland's performance on this68 words
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164 1981-06-12 7 Reuter INTERNATIONAL banking facilities (IBFS), authorised in the US on Tuesday, will have no impact on Bahrain as an offshore banking centre but are certainly not good news for "name-plate" banks in the Caribbean. US interest rates are peaking and should fall, particularly asReuter - 164 words
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Page 7 Advertisements
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Advertisement270 1981-06-12 7 Robyn Goh surrounded in her home with many fine pieces of richly carved Nonya furniture she has personally collected. In her business as an antique dealer, Mrs. Goh has developed a shrewd eye for value. A value that is found in the craftsmanship of a Patek Philippe Watch. Even compulsive270 words
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Article486 1981-06-12 8 THOSE WHO have long argued for a concerted effort by all concerned to preserve some of what remains of old Singapore will surely take heart in the news that the Urban Redevelopment Authority has put its mind to this issue. Urban redevelopment is not a mere486 words
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246 1981-06-12 8 THE MORE affluent and sophisticated a society becomes, the more demanding it becomes. One of the manifestations of a society reaching this state is the desire by family members to live separately, thereby causing an increased demand for housing. Newly-married couples are no longer246 words
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Article, Illustration1339 1981-06-12 8 JEREMY TOYE - On June 17 and 18 Asean Foreign Ministers will meet their counterparts from the United States, Canada, Japan, Australia, New Zealand and the European Community to discuss politics in general and Kampuchea in particular. JEREMY TOYE provides more details. JEREMY TOYE Reuter KAMPUCHEA: that name above allReuter - 1,339 words
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Article713 1981-06-12 8 BERNARD NOSSITER - By BERNARD NOSSITER IN SPITE OF repeated denials, the United Nations said on Wednesday that at least eight of its agencies have contributed to subsidies for foreign newspapers that have published articles reflecting UN views on economic aid. The agencies, according to confidential UN documents, have given US$6O,OOO713 words
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Page 8 Miscellaneous
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Miscellaneous606 1981-06-12 8 -IR-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 It doesn't agree with being nailed, possibly (6) 7 He'll find a way to get there first (8) 8 Hit ub 50, often (4) 10 Gifts for being bad! (6) 11 Ancient horse-race starter and finisher (6) 14 Sorry to get the ads wrong606 words
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Miscellaneous18 1981-06-12 8 I T*W£ IT VOU SAW OUR €HT»OHG> PSD last N IGHT f 1 SVGM 4 DOW JMe DRP»«N18 words
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Miscellaneous768 1981-06-12 8 bTiVF&IRWDTO The Umno elections FOR THE latest on rarrrnt affairs, Friday Btkgnuod (channel S, 1M) looks at the forthcoming General Assembly of the United Malay National Organisation (Umno) in Malaysia. The immediate question is who will become the Depaty President of Umno now that Malaysia's Prime Minister Datnk Hnsnein Onn768 words
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Article647 1981-06-12 9 DREW MIDDLETON - Repercussions of Israel's reactor raid DREW MIDDLETON draws our attention to two major areas of concern caused by Israel's bombing of Iraq's nuclear reactor. Will it lead to another Arab-Israeli war? Do the Israelis intend to establish a nuclear monopoly in the Middle East? DREW MIDDLETON NYT IRAQ'SNYT - 647 words
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Article, Illustration709 1981-06-12 9 DAVID RODGERS - The raid has dealt a blow to Mr Sadat's standing in the Arab world, the diplomats say, and to the peace with Israel on which he has staked his prestige. DAVID RODGERS discusses Egypt's predicament. DAVID RODGERS Reuter ANGRY and embarrassed, Egypt has been caught inReuter - 709 words
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551 1981-06-12 9 THAT spurt of initial excitement over the Singapore soccer scandal has finally died down. Surprising it ever created such a big heat wave at all. Bribery has existed since time immemorial. It doesn't need a soccer squad even if it is as famous as it is here551 words
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Article235 1981-06-12 9 LEE YOKE MENG - with LEE YOKE MENG in the future. It may not be on the proportion of outrageous bribery in any particular line. But the soccer case, closed though it may be for the moment, illustrates the very possibility of it all. Already, all the signs of a money-rush are there.235 words
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Page 9 Advertisements
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Advertisement238 1981-06-12 9 AUTHORITY SHIPPING AND TRADING PTE LTD on their appointment as General agents for CAMMII IRI—PACIFIC NAVIGATION CO PTE LTD Shenton Hse 20th Floor, Room 2008 Singapore 0106 AVIIVII Ml from KUOK (S'PORE) LTD 15, Carpenter Street Singapore 0105 SPONG&CO (PTE) LTD 281 -F Selegie Complex Selegie Road Singapore 0718 Congratulations238 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article181 1981-06-12 10 JUNE 1« ru ABN moo unch Ahold 98 30 0J Akao 25 10 05 AMEV 88 70 -1.4 Amfu W JO 0J Amrobnft 51.10 -0J STBolt 38 *4 05 0.2 Nil -0.5 Bortumy 170.00 -U Burbmtnn 54 JO -0.8 Caland >7 80 01 Calve Dtirt 301 00 -3 DtU181 words
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Article278 1981-06-12 10 JUNE 10 1 FYs CORBEILLE Alr-UquKle ago 12 B 8 N Otmli Danone 915 uneh C 8 r (Thomson CsM CVe PrancaUe 210 10 det Pe voles ***** 08 Compagnie Flntnclen Compacnle 16 OeneraJe 200 Credit Foncter De France 331 JO 2.5 Hachette (Ubralrte). Machines Bull 2M 30 1278 words
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Article97 1981-06-12 10 JUNE 10 Frs FORWARD MARKET AcK 2B7 unch Arbed r 11M -10 Aitur 292 -11 BrtrtP I144 22 Bru-L&mb 1100 unch Can par IMS -35 Cock 101 41 De B*«rs isn -3 Ebes 1220 -90 Electrobel 26S0 85 Ob-Inno-Rm 1000 ao 0«v 1200 -34 Hobok 2106 -as petro 3M097 words
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Article220 1981-06-12 10 JUNE 10 Dm Aec-Teiefunken SOTO +0.1 Akto TLX +dl Alls Leben ldTO.00 unch Aili Vers BASF B*> H T Wbank Bay Vbank 470 SO 134 30 110 00B 276 00H 05 14 t Bayer BBC 134 20 262 SOB 34 BMW IK S0f( Chem Verw Commersbank Conn Oummi 240220 words
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Article195 1981-06-12 10 JUNE 10 Francs Actions Sulan 200 3 Aiusulsse Br. iooo 4 10 Aiusulsse Reg 38ft 4» Brown Boverl Br iao 4$ Clba Oelgy Br 1230 430 Clba Oelgy P C too 430 Clba Oelgy Rcc 531 45 Credit Suisse Br 2145 4 5 Credit Suisse MB 1 Elektrowatt Br195 words
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Article98 1981-06-12 10 JUNE 10 Lire Ante 735 56 Assoc Otn *****0 -900 Bastofl 425 Central* M96 ids Flat 2366 -33 Fin side r 75 43 Oen lmmob 2640 -80 IFI Prl 8101 54 Italcrmentl ***** •1110 lialaas 12» >11 Italxkler uo unrh M Pf 1100 Martin Ere Metflob *****0 -4400 Mlraiann98 words
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Article198 1981-06-12 10 JUNE 10 C» Abltltl ass Alcan Algowa 40 unch Bank Mont 28<« H Bank Novm ScoUa Bell Tel 1» Beth Corp BP Can Ltd 45 H Brumn Cimp Rfl Lake 20 <* Can Imp Bk 29 S Canpac Canpac Inv Pf 27* H Carling O'Keefe... 7H unch Com'nco Ml198 words
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Article310 1981-06-12 10 JUNE 10 Rand INDUSTRIALS A Alpha 405 -5 At** from 410 unch AE And CI 865 -5 Ainc 2660 unrfi Barlows 966 5 Ct Sufar 1870 unch C'N A 650 CutK Finance 220 unch De Beers lnd 3000b Edcon 635 5 Edgars 8100 unch Eveready Fed Vol* Z 506310 words
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Page 10 Advertisements
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Advertisement621 1981-06-12 10 See Page 6 for Asian stocks and NYSE prices "The American Express Card serves you well, wherever good food is served". o wine.dine a Tin I JAPANESE RESTAURANT J For sushi. For teppanyaki. For other authentically Japanese delights. Open dailv lIS noon Ap m h AO p m 10 Al)621 words
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Advertisement264 1981-06-12 10 The ramour is true. For The Citation is a very private and exclusive dob foe business executives. benetth the Codcpir Hotel, its furnishings are the very finest; u* atmosphere appropriate for business entertainment. Come and experience a businessmen s haven. restaurant presents Wednesday Fashion at 1.15 p.m. Try our sumptuous264 words
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Page 11 Advertisements
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Advertisement627 1981-06-12 11 The Swiss Bank Corporation in 1980 In 1980 the bank's total assets grew by 5fr.4930 million or 7.1% to reach 5fr.***** million. The slower rate of balance-sheet growth compared with the previous year was the result of our exercising restraint in accepting deposits from other banks. Net profits of Sfr.2B7627 words
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Advertisement761 1981-06-12 11 Swiss Bank Corporation in facts and figures Balance sheet as at 31 December 1980 together with the previous year's figures; after acceptance of the Board s proposals concerning distribution of profit Assets Cash, Clearing and Postal Checking Accounts Due from Banks on Demand Due from Banks on Time Of which761 words
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COMPANY NEWS
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Article, Illustration723 1981-06-12 11 THE CITY STAFF - DEPENDENCE ON COMMODITY TRENDS By THE CITY STAFF BOUSTEAD Holdings has injected a note of caution into its latest annual report, clearly because some 75 per cent of the group's fixed assets are now invested in the plantation sector, whose profitability is largely dependent723 words
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Article184 1981-06-12 11 GENTING Bhd has received a query from the Kuala Lumpur Stock Exchange following the publication of an article in yesterday's Business Times which reported that it was about to purchase 8,000 hectares of plantation land in Johore for $900 million. The query simply said, "Kindly furnish the184 words
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Article96 1981-06-12 11 HOTEL Marco Pol® Ltd has been admitted to the official list of the Singapore stock exchange and trading in its shares will start on June 15, the SES said in a statement. Last month, the company offered 25 per cent of its issued capital or 31.75 million96 words
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411 1981-06-12 13 CHRIS LIM - By CHRIS LIM LEONG Huat Industries Ltd has carried out a revaluation of its leasehold property, plant and machinery, which will give it a surplus of $7.3 million. These fixed assets were valued at $11 million at the end of last year against their net411 words
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659 1981-06-12 13 THE CITY STAFF - By THE CITY STAFF SOUTH East Asia Development Corporation Berhad (Seacorp) expects to perform well during the current year, according to chairman Mr Hooi Kam Sooi in his latest annual statement to shareholders. The chairman's forecast follows recent flat earnings of M 57.15 million659 words
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Article80 1981-06-12 13 THE SES has written to Guthrie Bhd concerning the takeover offer by Multi-Pur-pose Holdings Bhd, asking for confirmation that MultiPurpose's financial resources are sufficient to satisfy full acceptance of the offer. THE KSLE has written to Pi bile Bank Bhd for additional information on its net profit or80 words
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Article102 1981-06-12 13 AMBASSADOR Betel limited: AGM to be held at the Conference Room, 5th Floor, Ambassador Hotel, 42/46 Meyer Road, Singapore on June 12 at 10 am. CENTRAL Properties Limited: AGM to be held in the Ming Crystal Room of Ming Court Hotel, Tanglin Road, Singapore on June 12 at102 words
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315 1981-06-12 13 JACK CHIA has announced that he now has control over more than 10 per cent of the equity share capital of Haw Par Brothers International Ltd. He is obliged to disclose this under Rule 30 of the Singapore Takeovers and Mergers315 words
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555 1981-06-12 13 THE FORTUNES of Bedford Plantations Bhd as a rule fluctuate with the prices of the commodities it produces, and it is going to be no different this year. Bedford chairman Mr M W H Caldwell says in the company's latest annual report that555 words
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194 1981-06-12 13 MALAYAWATA Steel Bhd is due to make an "important announcement" and has consequently requested a temporary suspension of trading in its shares. As its 1980/81 financial year ended in March 1981, the company is expected to report its financial results soon, together with a194 words
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Article757 1981-06-12 13 DUNLOP AND PIRELLI SPLIT UP NYT WHEN Dunlop of Britain and Pirelli of Italy, both tyre manufacturers, announced they were going to form a union, it was seen as a symbol of the impending economic integration of Europe. Yet the recent announcement that the two have decided toNYT - 757 words
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2058 1981-06-12 12 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 (4.445)2,058 words
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Article188 1981-06-12 12 SINGAPORE INTT TBI "ST diamond mgt store (NtMfHl'rttM The Com mm* tar Jaa It) 3.90 4.10xd (Miiiiwi' priws DiamoodS pore Fd tar mb 12) US*- 1.00 The Savings Fund 2.34 2.35 s»2.1C2 S pore Prog Fund S'pare Sec Fund 1.72 2 83 1.81 276 INCOME BOND UNTT S188 words
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Article2778 1981-06-12 12 Gr'a Gr'« Net 1981 Last Div Div Y'ld P/E Vol Day High Low Coaptiy Sale +or- Cvr ("OOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 450 334 312 420 200 470 950 M6H> 430 320 Acma Alcorn 130 Allied Choc 161 BAT 330 Bata 110 Ben 360 Berjaya2,778 words
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Article2079 1981-06-12 12 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number o( shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. tNTK'STRIALfi Akmm (3.7T0) (2) 17« (2) 1» (2) 3.7« (4) 3.74 (1)2,079 words
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Article, Illustration732 1981-06-12 12 ENCOURAGED by their iieeeii la pushing the Strait* Timet IwlutrUl laden to a aew peak M Wednesday, the resalate halls laaacbed yet aaatber affeaslve, aad the stack market claaed firm yestcrday. While Wedaeaday's vlctory was aaly a partial aae, yesterday's was a eleaa sweep732 words
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Article571 1981-06-12 12 TRADING continued to pick up on improved sentiment and share prices maintained an upward trend at the Kuala Lumpur Stock Exchange yesterday. The optimism was reflected in opening prices which were mostly higher than the previous day's. Good support accorded to some counters, especially some industrial571 words
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Page 13 Advertisements
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Advertisement460 1981-06-12 13 UNITED PULP PAPER COMPANY LIMITED (Incorporated in the Republic of Singapore) NOTICE OF MEETING NOTICE IS HEREBY GIVEN THAT the Fourteenth Annual General Meeting of the Company will be held at the Conference Room of United Pulp Paper Company Limited at No. 20, Liu Fang Road, Jurong Town, Singapore 2262460 words
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Advertisement941 1981-06-12 13 Boustead Holdings Berhad (Incorporated in Malaysia) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at Wisma Boustead (4th Floor), 71. Jalan Raja Chulan, Kuala Lumpur on Monday. 29thJune 1981, at 11 00 a.m. for the purposes of considering941 words
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421 1981-06-12 14 AFP THE TWO stalwarts of the United Malay National Organisation (Umno), Finance Minister Tengku Razaleigh Hamzah and Education Minister Datuk Musa Hitam, are chasing the "magic target" of 630 votes in their battle for the party's deputy presidency. The Star reported yesterday that whicheverAFP - 421 words
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Article373 1981-06-12 14 RACKETEERS in Penang are beating up insurance people and threatening them with serious injury to pressure them to pay false claims made on "damaged" or "missing vehicles". Insurance companies contacted by the New Straits Times yesterday described the situation as "very bad". One insurance company manager373 words
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112 1981-06-12 14 AFP THE CONTINUING rundown in the Australian cattle herd is unlikely to stop by March 1962. As a result, total Australian meat production is unlikely to reach the 1980 figure of 2.3 million tonnes until the second half of the decade, saidAFP - 112 words
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221 1981-06-12 14 AP NIPPON Telegraph and Telephone (NTT), Japan s semi-government telecommunications company, has agreed to exchange computer patents with International Business Machines (IBM) of the US, the As&hi Shimbun, a Japanese daily, reported yesterday. The NTT-IBM agreement on a cross- licence contract earlier won approval fromAP - 221 words
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Article136 1981-06-12 14 TO REDUCE lead pollution, the maximum lead content in petrol has been cut under a new amendment of the Poisons Rules. Under the Poisons (Amendment) Rules, 1981, the concentration of lead in petrol sold here will be cut from a maximum of 0.8 gram136 words
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409 1981-06-12 14 Reuter AFP SPOT oil rates continue declining, and even low cost Saudi Arabian oil is selling at under the official export rate, London market dealers said yesterday. Arab Heavy is fetching US$3O a barrel as against the posted $31. Arab Light is offeredReuter; AFP - 409 words
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272 1981-06-12 14 Reuter WEST German car industry officials said Japan's pledge to restrict rising car exports to West Germany this year may be less of a concession than it seems. An understanding that Japan would not raise car exports to Germany by more than 10Reuter - 272 words
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Article789 1981-06-12 14 LONDON, Thurs Share prices closed lower after a quiet session today. At 3pm, the Financial Times index was down 7 5 points at 534.8 UK government bonds met some profit-taking after having risen for the past three sessions. Net falls ranged to about i point and fresh losses789 words
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Article94 1981-06-12 14 AP NEW YORK, Thurs. The stock market turned slightly higher this morning after making little progress earlier in the week. The Dow Jones averSof 30 industrial stocks roae points to ***** in the first hour. Advances took a 3-to-2 lead over declines. Analysts say concern continues becauseAP - 94 words
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Page 14 Advertisements
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Advertisement249 1981-06-12 14 Malaysian Containers (1974) Berhad (Incorporated in Malaysia) COMPANY ANNOUNCEMENT The Director* or* ploosed to announce that they hove decided to recommend a final dividend of 11 less 40% income tax in respect of the financial yeor ended 31ft Morch 1981. The said dividend will be potd on 21st August 1981249 words
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Advertisement584 1981-06-12 14 See-it-in-action Study Mission to JAPAN INDUSTRIAL ROBOTS AND ADVANCED AUTOMATION Jointly organised by The Singapore National Employers Federation and Technology Transfer Institute Introduction Robots ore revotutionokzmg industries throughout the world. At the moment, Japan operates at least 75,000 industrial robots, accounting tor more than 70% of the woiTd market, and584 words
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Page 14 Miscellaneous
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Miscellaneous63 1981-06-12 14 W EAT H.E R Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Btfwt for 24 bears prior to 7.91 pm en Jue 11 at tfce alrpert. Maximum temperature 32.4 Associated humidity 67 Minimum temperature 26.3 Associated humidity 87 Hours of sunshine 8.00 Rainfall in millimetres Nil63 words
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SHIPPING TIMES
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453 1981-06-12 15 THE Petroleum Authority of Thailand (PTT) is looking into the possibilty of acquiring an oil tanker to be used as a floating oil storage facility and for transporting the oil it buys from foreign countries. The tanker will have a capacity of between453 words
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601 1981-06-12 15 JAN LEE - By JAN LEE THE Chilean national shipping line, Compania Chilena de Navegacion Interoceanica SA (CCNI), has appointed Neptune Agencies as its Singapore agents with effect from June 15. The company's previous agents in Singapore was Barber Wilhelmsen Agencies, which was appointed in January.601 words
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PORTSIDES
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Article61 1981-06-12 15 Reuter SOUTH Korea's Daewoo Shipbuilding and Heavy Machinery Ltd has won a US$l5O million contract to build a seawater treatment plant for Bechtel Petroleum Inc of US, Daewoo officials said. The plant, with daily capacity of two million barrels of water needed for oil exploration, will beReuter - 61 words
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Article38 1981-06-12 15 Reuter CHINA announced that An Zhiwen has been appointed Minister of the Sixth Machine Building Ministry which specialises in merchant shipping and the navy. Mr An, the former first Deputy Minister, replaces Chai Shufan. ReuterReuter - 38 words
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Article208 1981-06-12 15 Reuter CONFERENCE lines serving trade between Europe and India, Pakistan and Bangladesh have amended the currency adjustment factors (CAFs) applicable from June 15 to plus 18.00 per cent (previously plus 22.50 per cent) for continental eastbound, plus one per cent vs five per cent for continental westbound.Reuter - 208 words
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Article649 1981-06-12 15 Shipping Use Pmgt (M Arhipelego vn Adriatic VI Afea VI Afro-Eurasia VI A1 Navigation VI Alfred CT vm All trans VI Alpac VI Angkutan VI Angonave vm ANL i Antoll vm API. m Argentine IV ASCL m Asia Merchant VI Bait-Orient vn Bangladesh VI Bank Line V649 words
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Article274 1981-06-12 16 EXPECTED ARRIVALS TODAY KEPPEL WHARV ES Blue Kochi (ro/rO) (1300 must starboard a side) 31/ 32 Jenson (after Builder) 22 Lanka Sagarika (0600 40 41 Nedlloyd Bounty (ro/ro) (after Nedlloyd Fresco, must starboard alongside) 5 Niaga XXI (1200 after Cherry Singa) 28 Temburong (1300 25 CONTAINER TERMINAL274 words
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Article857 1981-06-12 16 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Lines Operatn Arrival Date Time Gold Africa 1W 13.6.81 0700 Star Shpg TA 4 TT Maersk Mango 24B/25S 13.6.81 Maersk 51 TT Gold Asia 2E 136.8.81857 words
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Article1637 1981-06-12 16 COAL CHARTERERS continued to give active support to the freight market on Wednesday and secured cover from Hampton Roads to 1/2 ports Italy at U5512.50, down 50 cents. Coal from the US Gulf to the Continent paid $I<*6o fio for June, while a coal cargo from Hay Point,1,637 words
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Article, Illustration178 1981-06-12 17 JHE 18,692-dWt Japanese bulk carrier, Pacific Charger, was refloated by Selco Salvage of Singapore last week, two weeks after she went aground at Baring Head off Wellington Port. The vessel is now in Wellington harbour for temporary repairs and will be towed back to Japan for178 words
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Article177 1981-06-12 17 IN South-east Asia, coastal and regional shipping is healthy and strong. Affreightment contracts for coastal vessels as well as barges are still on a steady upward trend. Rates for most vessels in and around South-east Asia are holding with very slight increases. Rates for tweendeckers are fairly steady.177 words
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455 1981-06-12 17 New export credit guarantee saves B W shipyard UNDER strong pressure from many sides, including China, the Danish government has granted a new export credit guarantee to Copenhagen's Burmeister and Wain (B W) shipyard. The move solves an acute liquidity crisis and permits the completion of one of the world's455 words
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Article104 1981-06-12 17 OVER THE past few months, Nippon Yuen KlUu Line (NYK) hu acquired three coal are carriers which have been assigned ta transport raw materials far Japan's Iran and steel indnstiy. The 175,KMwt Shin Ogisklm* Wars, ane af the world's largest carriers, was bnllt by Nippon Kokan104 words
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451 1981-06-12 17 THE London war risk insurance market faces tens of millions of pounds in claims if vessels now trapped in the Persian Gulf by the Iraq-Iran war are not released by September which now appears increasingly unlikely. Under special blocking and trapping cover,451 words
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824 1981-06-12 21 SCHEBIILE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three weeks. PN824 words
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Article526 1981-06-12 22 Vessels Open: Regular tug and barge service to Indonesian ports. Vessels Wanted: Wanted a tween decker vessel of about 12 15,OOOdwt not over aged fully cargo battens fitted electric ventilator BSS time-charter trip from India to Soviet Black Sea Chop Baltic any June position try within 10 days526 words
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Page 15 Advertisements
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Advertisement458 1981-06-12 15 '"@}+".[<!/]|:/->>^\`||=>'{*~:. RI) 1\ 1 \N I AH Orient Overseas CotdcmeA Line FULLY CONTAINERISED SERVICE TO KORUN MOM 10W CMNACOOTAKR in ICFTUC GMKT anmn ru zm KOREAN CHANCE 4N Calling BfPflwrhawfl aKer Hamburg (VIA SUEZ) Fstone H'bwf Antwerp 5/7 7/7 11/7 12/7 14/7 17/7 21/7 23/7 26/7 25/7 27/7 30/7 31/7458 words
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Advertisement364 1981-06-12 15 SSEALORDU UASC UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF EXPRESS MULTI-PURPOSE SERVICES Mma Qaboos (79/6). Dubai (1/7). Damnum (4/7). Abo Dhabi (7/7) Kuwait (10/7). Mina M Fahal (13/7) Bahrain (16/7). Doba (19/7) Mina Qaboos (17/7) FULLY CONTAINERISED SERVICE Iraq cario acceptable intransit Vessd •AOOHIYAM Vl4 •Closinf times fCI 15/6 1800364 words
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Advertisement17 1981-06-12 15 m. CONTAINER Schedules II SHIPS In Port II SHIPPING List VII REGIONAL Weather VIII ORIENT Exchange VIII17 words
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Advertisement754 1981-06-12 15 L Nedlloyd Lines Call us We call the world Agents: Nedlloyd ,EAC Please refer to pagfc V MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U S PACIFIC. GULF, ATLANTIC. EAST CANADA. ASIAN PORTS Siagapor* |Longbe«ch|New York Philadelphia Feeder Vmml Kelang Penang SaJed 15-15/6 22-23/6 28-29/6 29-30/6 5-6/7 6-7/7 12-13/7 13-14/7754 words
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Page 16 Advertisements
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Advertisement788 1981-06-12 16 MiscmA MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Container Scrvke Mm Acceptng For 1) Barcelona Genoa. 2) Amsterdam. Antwerp I Havre. Bdbao. Basle UK. 3) Bremen Bremerharen, Aartws. Copenhafen. Helsinki788 words
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Advertisement250 1981-06-12 16 Are you making fufl use of the Shipping Times is an effective selling medium? For further enquiries col: Shipping Times Tel: *****44, Extension 351 or 367 Times Centre 1, New Industrial Road Singapore 1953. Tel: *****2 Ext. 38 or 39 Finonciod Publications Sdn Bhd 31, Joion Riong, KL 22-03 SUPERCARRIER250 words
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Page 17 Advertisements
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Advertisement595 1981-06-12 17 NOTICES ANNOUNCEMENT NEPTUNE AGENCIES (PTE) LTD SUITE 2101, 21 ST FLOOR, CPF BUILDING, 7» ROBINSON ROAD, SINGAPORE 0106, TELEPHONE: *****11 (10 LinM) CABLE: NEPAGENT TELEX: NEPAGEN RS ***** NEPTUNE AGENCIES (PTE) LTD. (NAPL) ARE PLEASED TO INFORM ALL BUSINESS ASSOCIATES AND CLIENTS THAT WE HAVE BEEN APPOINTED AGENTS BY COMPANIA595 words
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Advertisement137 1981-06-12 17 SABAH, BRUNEI AND SARAWAK FREIGHT CONFERENCE FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS CONGESTION SURCHARGES AQARA AND TRIPOLI (LIBYA) Reference is made to the notices in the Press on 12th December, 1980 and 20th March, 1981. The member Lines of the above Conferences have reported137 words
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Advertisement383 1981-06-12 17 rfo Franco Belgian Services (/•"<» y, j>f f-t, ,c'i StTixc? ."i If': /it ;l<in I.ive^ aC( COMSOS' C.M.C.R S SEAPAC CONTAINER SERVICE mi canmo sano to mm fed» m fw stok benattor nil cowwp soma now u si norm vs. u on guu t/c Monowi t/c m S/lEWGTON 1/7 3/7383 words
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Page 18 Advertisements
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Advertisement751 1981-06-12 18 H Hapag-Lloyd TO NORTH EUROPE "Also accepting transhipment cargo tor CARIBBEAN WEST INDUS ma Hamburg TO MEDITEMANEA TW hk Spore P Huang Genoa Trieste fix >11 Man 7/6 9/6 14/6 29/6 4/7 StaUi IV6 17/6 20/6 22/6 10/7 ZSultmi 25/6 27/6 30/6 1/7 19/7 25/7 TO MOUTH EWOfE/IPITHWAItA/ S pore751 words
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Advertisement543 1981-06-12 18 wnorn shipping nUflLn CORPN P. Kelang PENANG STORE VEGA 161* 28-30 June 1-4 My 6-1 My FROM BUSAN BANGKOK VEGA 162E 21-30 Mie 1-4 My 6-1 My TO BUSAN ALTAJR 165N 10-13 My 14-17 My 11-22 My FROM BUSAN BANGKOK ALTAR 166E 10-13 My 14-17 My 16-22 My TO BUSAN543 words
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Advertisement602 1981-06-12 18 EVERGREEN LINE I FAR EAST/tUROPf EXPRESS FULL CONTAINER SERVICE 1 ALSO ACCEPTING CARGO FOR UNITED KINGDOM SOUTHAMPTON. LONDON, MANCHESTER. BIRMINGHAM. BRISTOL. LIVERPOOL. GLASGOW, LEEDS ETC. WEST GERMANY BREMEftHAVEN, OSLO. STOCKHOLM. GOTHENBURG, AARHUS. COPENHAGEN HOLLAND mimM S part MM Kwtoi RaHartai Frtiitrac Mmp Le Haw. Emftctar, 11/6 11/7 12/7 M/ 7602 words
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Advertisement809 1981-06-12 18 S Uml Burma Five Star Shipping Corpn. Ya 5 "BURMESE NATIONAL LINE" g i LOADING FOR RANGOON f A K Dttchjrp,, 0+ r M f %fmt Plata* fwc n pmSHWCTiinrM H/Ii W. mm 21/n ptcw a/»» R BASSf M */2 M M B F S S C Agtntt m Maloyvio809 words
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Advertisement418 1981-06-12 18 r mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. 31 SANKYO LINE JAPAN/STRAITS SERVICE m *****44/7 *****71 m 414(44 4U7U COW*** BOOKK OCEAN MM STORE ID. *****44/7 MLAL? CGWTRKR P. KOANG TU U47, (J73/4 SB MOTS P HUANG EAST fSM SIVPMG TU B-5732/3/7251 PENAMG MAIATSM T*ACf TtANSPORT TU (7»3 t ***** SUN418 words
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Page 19 Advertisements
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Advertisement937 1981-06-12 19 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH, JEDDAH AQABA (Reefer Cntrs Acceptable) VESSEL *KOTA SAHABAT 7W/8E KOTA SAHABAT 9W/10E KOTA SAHABAT 11W/12E S PORE I COLOMBO I HOOEIOAH JEDDAH AQABA I COLOMBO I S PORE 19-20/6 23-24/7 26-27/8 24-25/6 29-30/7 1-2/9 4-5/7 8-8/8 11-11/9 Accepting LCL Cargo to Colombo937 words
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Advertisement720 1981-06-12 19 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE >0 EUROPE Spore P Aetan(WGermj Benaian 11/4 15/4 KwriMn Bay H t 21/4 1 Han(k«nf Etprnt 24/4 20/6 Eipreis 4/7 J/7 2 lata* Eiprtts 12/7 14/7 Mmmti Bji 11/7 Altmaiaj Eiprm N/7 Ptiun^Ewtpt Pnj mm GJtry Ik* 17/6 Hanfk«| Fipreti 20/7 Charry720 words
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Advertisement710 1981-06-12 19 I& 4' t I *A V\ 41 t i f\ 'i l^i I Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE TO MED/UK/NC/SCAN 0 OAMUA to Port 1 fW* 10/4 I owtw 24/4 i pfhaga i/; I M(« 10/7 I PfNAGA 17/7 I OAKIA 24/7 e pfnaga 31/7 rim l)lTM*i2)r«*a 3)H-tai(4)C'tar|710 words
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Advertisement557 1981-06-12 19 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUMON I S. AFRICA AFRICAN EXPRESS Spore: In Pt/12 June Also accepting FCL containers. (loading direct for Reunion, Durban and Capetown only) Hjkes/V Lines U.S. WEST COAST SERVICE tor Btoct (row SfO Ltck STOH St* Tac VBC LESUE LYKES 13/6 9/fi 17/7 12/t 13/1557 words
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Page 20 Advertisements
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Advertisement727 1981-06-12 20 »aKline KAWASAKI KISEN KAISHA. ITL) I EXPRESS CONTAINER SERVICES TO NORTH AMERICA Cargoes also acceptable tor OaAland Vancouver Portland. Houston Galveston New Or Boston St Mai Norfo* Bartmore Savannah lacksonvdk TO EUROPE S po<e P Kelang I Havie R dam H bu'g Bcemen A« MERCATOR 2VH "T1 2/7 3/7 7727 words
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Advertisement683 1981-06-12 20 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE loadif| tor lOS ANGIIES SAN FRANCISCO SIATTIE lACmtt VANUWVER iC Actrplmf FCI FCI (ontamrt P KHan* SifMJjp-i'f I Anf«*". "NSMM P«MG" tO km lU| 21 Mi AUSTRALIA EXPRESS CONTAINER SERVICE Acceptn( FCI FCI Cunlwiers NEW ZEALAND SERVICE ONNMO viShv* asm* VtSHVA TAPANii lOIMDM683 words
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Advertisement598 1981-06-12 20 S A(>roii|> SINGAPORE SHIPPING AGENCIES PTE LTD 20TH f LOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LINESI GENERAL *****1 114 LINESI TERMINAL OFFICE *****83 TELEX RS ***** RS ***** A'B CARSHIP CABLE CARGOSHIP lte«|ioiial Container IJnes WEEKLY CONTAINER SERVICE to/from BANGKOK BANGKOK It/17 Mi 17/11 kx 23 24 Mi598 words
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Advertisement651 1981-06-12 20 KORINS MARITIME SERVICES Room 601. ICB Building, Shenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIOOLE EAST/RED SEA/EUROPE SERVICES Hyundae Shipping Co. Lid. ASIA MERCHANT MARINE mi GOLDEN LINE GUAM GUAM SMPPWC (PTE) LTD («M| Tmi Piiukml la* M*| M Cret S*wt SMUPOH 0104 1* (lIUKS) I* la*651 words
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Advertisement652 1981-06-12 20 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****1 *****7 A himh-ll.' a AI in.i Singapore Loadnf for: DART ATLANTICA NBIOI 28 Jun Mdah/M'tAs/Hamburt/ Rotterdam/Hburj DMT UKRICANA NBIIO 11 Jul -4oA(«nts Seaport KTRASEA (PTE) ITO *****11 BOOK KG 2354W7 K Itanpur TEO SHTftNG ft TRAOMG *****4 4*0742652 words
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Page 21 Advertisements
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Advertisement540 1981-06-12 21 NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): MERCATOR 23W In Port 0. CHEF 25W+ 20/6 HK CONTAINER 26W 28/6 K. JACEJN 10W 2/7 C. CONTAIO 12* 9/7 N. GARNET 61* 17/7 C. PAUL 27W J24/7 Also accepting cargo to/trom Scandinavia 0 CHIEF S pore Closing Times: FCL Cargo LCI540 words
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Advertisement333 1981-06-12 21 MALDIVE LINES ETA SPORE NAZAKAT Loading For Dubai only MALDIVE NOBLE Loading for Karachi/Muscat/ Dubai/Dammam MALDIVE PLEDGE Loading for Jeddah MALDIVE NATION Loading For Lagos MALDIVE NPORTER Loading For Male MALDIVE PRIZE Loading For Dubai/Dammam/ Kuwait MALDIVE PIONEER Loading For Jeddah ETA KUANTAN ETA PORT KELANG 25/6 In Port 18/6333 words
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Advertisement742 1981-06-12 21 NOTICE OFFICIAL NOTICE PROPOSAL OF CHANGE OF SHIP'S NAME We KAPAL MANAGEMENT PRIVATE LIMITED, Managing Agents for GOODWILL NAVIGATION INC., of Monrovia, Liberia, the Owners of the vessel "KILMELFORD" of Singapore Registry official No. *****3 of gross tonnage *****.84 tons, register tonnage 7822.37 tons, hereby give notice that we have742 words
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Page 22 Advertisements
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Advertisement648 1981-06-12 22 PROSPERITY SHIPPING (PTE) LTD. ETA S PORE LOADING FOR M.V. "JOO WAH" 22 June Red Sea M.V. "XX) YAU" 10 July Suez/Alexandria/ Pt Said M.V. "XX) HENG" 26 June Phnom Penh MT "X) 0 HONG" (Palm 09 Carrier) In Port West/East Malaysia. For Booking Please Contact: Singapore NGOH HONG HANG648 words
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Advertisement583 1981-06-12 22 CAIMIIVJIII IKI wr-iiviiwn k.ii 1« lifii Ai)l AUTHORITY SHIPPING AND TRADING PTE LTD 'I(J4 f > Golden Mile Tn*ci Be.r I< Road Sin.j.U" *e 0/19 Tele. RS 26 (89 A B MACON Tel *****44 (3 lines) Hpiil Reyl NAGATUAH AGENSI SON BHD THE BORNEO CO (SABAH)LTD 32A J.iidn Berangdn 17583 words
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Advertisement286 1981-06-12 22 ft lOHORE SHIPPING LX 161 lAIAN TENG SIIANI TINGKU BADAR PORT KFIANG SftANGOR MAI A VSIA BINTULU 11 CONTRACTORS Z_§l SDN. BERHAD 37, Panduifan Road. Ructing. Sarawak. T«t ***** Tctti MA ***** Eipresi Car-Camcr/RO-JtO Sarvke to East Maiarua HNTULU NO. 1 V:9/«l MNTULU NO 1 V:10/tl HNTULU NO 1 *11/11286 words
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Advertisement392 1981-06-12 22 KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAM/STIIAITS/ JAPAN Fully Containerised Service !SSH Tokyo Robe S pore Penang P Kelang S pore Tokyo Kobe XDSTAR V 4 SM SM 10/6 12/6 13/6 15/8 26/6 27/1 SS«T <7 1/6 U/6 22/6 24/6 26/6 27/6 7/7 1/7 MOSTAR *5 21/6 30/6 10/7 12/7 13/7392 words
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Advertisement362 1981-06-12 22 2 WOOD LINE Tinber and Plywood Service Bulk UK/CONTINENT SERVICE Spore PKctani It Mara loadnf for: MOUNT RAMER Nl 004 IS/C 2/7 ?0/6 MANTES/ROM/ ESBJERG SR.KR M. Nl 005 25/1 10/7 30/6 ANT/ROM/UK NlOO6 20/7 30/7 25/7 NANTES/RDM/ UK SOUTH AFRICA SERVICE Spore PKeiang Loadhi Mr: SA 001 1/7 5/7362 words
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Page 22 Miscellaneous
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Miscellaneous170 1981-06-12 22 Regional Weather 1 O J > E3 AN 1 »|V a 4 0 V"oi 1 Ar 03 V i A -i I £y B£ IS&ps C yA —S Wind d direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND'R. Thunderstorm Temperature170 words
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