The Business Times, 23 March 1982
1982-03-23
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The Business Times
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Title Section10 1982-03-23 1 BUSINESS TIMES M.C.(P) No. 93/1/82 TUESDAY, MARCH 23,1182 60 CENTS10 words
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Article, Illustration430 1982-03-23 1 ZHOU MEI - By ZHOU MEI A CRUSADE for free trade was called for yesterday by Professor Staffan Burenstam Under, a Swedish economist, in an interview with Business Times. This crusade would ensure that ordinary people had no doubts about the disadvantages of protectionism. And it would430 words
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Article102 1982-03-23 1 FOR the fifth consecutive trading day, share prices advanced on a broad front at the Singapore stock market yesterday. Malaysian-based counters, less active in last week's rally, were among the favourites. The Straits Times Industrial Index closed 8.32 points higher at 719.71, and turnover showed an102 words
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412 1982-03-23 1 JUNE LIM - By JUNE LIM A FALL in the price of bunker fuel in Japan to a level comparable to Singapore is proving to be a disincentive for ships to call here for bunkering. Consequently, the demand for bunker in Singapore has dropped by412 words
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167 1982-03-23 1 ESSO Singapore has drawn up a comprehensive $125million, five-year maintenance programme, starting this year, for its Pulau Ayer Chawan refinery. This makes the Singapore refinery, with a design capacity of 231,000 barrels a day, one of the few in the Exxon group to167 words
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490 1982-03-23 1 BERNADETTE CHOOI - By BERNADETTE CHOOI PAY increases for civil servants in Division One to Four and daily-rated employees will be finalised by June. The finance ministry confirmed this yesterday, adding that since the salary revisions will be implemented soon, it will not pay490 words
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Article183 1982-03-23 1 WEST Germany and Singapore will meet on May 11 and 12 in Bonn to discuss the German request to revise the present air services agreement. This meeting is a followup of the last air t*iirs held in Singapore in December last year. Several outstanding issues183 words
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BRIEFLY...
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Article63 1982-03-23 1 UPI KUALA LUMPUR, Mon. Malaysia's general elections will begin on April 22, the government announced today. Malaysian election commission chairman Tan Sri Haji Abdul Kadir, speaking in the East Malaysian state of Sarawak, said polling in Peninsular Malaysia will take place on April 22, but voting inUPI - 63 words
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Article59 1982-03-23 1 AFP KUWAIT, Mon. The Kuwaiti government has been advised to trim public sector spending because of reduced oil revenue. The recommendation came from the Finance Ministry which forecasts a US|3.5 billion budget deficit in 1990 if output is one million barrels a day, but a $500 million deficitAFP - 59 words
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Article65 1982-03-23 1 Reuter VIENNA, Mon. Saudi Arabia today warned other members of Opec against cutting oil prices, and said it would not be able to continue acting constructively in Opec's interest if prices are reduced. The Saudi embassy here took the unusual step of re-issuing a version of the SaudiReuter - 65 words
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Article85 1982-03-23 1 UPI SWITZERLAND, Mon. The Swiss government, after years of hesitation, today formally proposed that Switzerland join the United Nations. In a message to Parliament and the country as a whole, the government said it is time for Switzerland to accept its obligations and responsibilities as aUPI - 85 words
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Article85 1982-03-23 1 UPI j PARIS, Mon. President Francois Mitterrand acknowledged today that rightist gains in local elections were a blow to the 10-month-old Leftist coalition. "These elections Indeed are a warning signal for the government," Interior Minister Gaston Defferre said. Of the 95 local assemblies, Gaullists and Centre-Right oppositionUPI - 85 words
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Article65 1982-03-23 1 UPI TEL AVIV, Mon. Israeli troops fired tear gas at rock-throwing Palestinian protesters in the West Bank town of Hebron today, and strikes and demonstrations spread across the occupied area. Defence Minister Ariel Sharon has warned that the region could be annexed. He rode through theUPI - 65 words
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Article70 1982-03-23 1 Reuter WIESBADAN, Mon. West Germany's current account deficit narrowed to a provisional 0.6 billion deutschemarks in February after a 3.4 billion mark shortfall in January and a one billion mark deficit in February 1981. The Federal Statistics Office said the February surplus on trade was 3.6 billion marksReuter - 70 words
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Article265 1982-03-23 1 THREE mere baaka have i PmM ip (Mr |riM ntd M teeal Interest rates becaa I» llrai for Ike drat tone riaee last Aagast Bmm tartm hitffnt Bat Ml SlpmSp "»pn My is a rftßStt*". The three irhteh h»w I» ereaaed Mr prima are Ovm»CklHM265 words
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530 1982-03-23 1 SALMA KHALIK - By SALMA KHALIK A FEW members of Par liament yesterday suggest ed that the Governmen allow Central Providen Fund members to use theii savings for more than jus buying houses or bui shares. Among other thing» they suggested using CPF savings for further530 words
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Page 1 Advertisements
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Advertisement248 1982-03-23 1 MAKE KEY CONTACTS WITH NEW ZEALAND SUPPLIERS Visit the New Zealand Third Exporters' Fair (Auckland: 27 to 30 April, 1982) For details and or brochure contact: New Zealand Trade Commissioner (Tel: *****(6) Leader...page I HONGKONG and Shanghai Banking Corporation will localise its operations in Malaysia Page it NEWS that Overseas248 words
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Advertisement38 1982-03-23 1 Are you having putting problems?' PING HAS THE ANSER. Manganese Bronze J AND THE New ANSER 2 Stainless Steel ,'PINB Sole Agent Su'to22ol Ocean Building Collyer Quay S pore 01 04 The Sports People Tel *****4 4.***** UHmtonk38 words
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Advertisement221 1982-03-23 1 INTERNATIONAL AIR FREIGHT SPECIALIST TEL: *****25/6 CHANGI AIR CARGO COMPLEX Friendly, reliable service The airline you can rely on. That's KLM. The friendly Dutch company with more than 60 years of experience. And charming personnel whose task it is to give you what you deserve. The very best in air221 words
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BANKING AND FINANCE
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Article286 1982-03-23 2 HOWE TO BE QUESTIONED Reuter THE BRITISH Bankers Association said it is preparing a letter to UK Chancellor of the Exchequer Geoffrey Howe questioning his proposals to change the laws on double taxation relief for banks. Eric Henbrey, a director of bankers J Henry Schroder Wagg CoReuter - 286 words
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177 1982-03-23 2 THE LAUNCHING of K-T Forex, a joint money broking venture between Keppel Shipyard and Tokyo Forex Co, represents the first venture by a Japanese money broker in overseas markets. It is also a major move by Keppel, a shiprepairing and shipbuilding group, to broaden and177 words
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353 1982-03-23 2 THE BANK of New South Wales (NSW) Ltd said the Australian government should release a substantial amount ot trading bank funds held in statutory reserve deposits (SRDs) to ease upward pressure on interest rates. Some As 2 billion is held by the Reserve353 words
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Article193 1982-03-23 2 UNITED Malayan Banking Corporation, Malaysia's third largest bank, has raised its paid-up capital from MJ4S million to $60 million. The move stems from the new banking law which requires banks to maintain an adequate base of shareholders' funds by prescribing that the total assets, excluding193 words
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193 1982-03-23 2 Reuter THE CHAIRMAN of the Tokyo Gold Exchange, Yoshifusa Wa tana be, said gold futures trading on the new Tokyo exchange will concentrate on domestic business initially and the exchange is not rushing to be an international market. Watanabe, also the vicechairman of JapanReuter - 193 words
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Article88 1982-03-23 2 THE DEVELOPMENT Bank of Singapore has opened a branch at Straits Trading Building in Battery Road. The bank, headed by manager Wee Thiem Ting, was opened yesterday. It offers a complete range of banking services and is supported by a staff of 11. Services88 words
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MONEY AND EXCHANGES
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Article445 1982-03-23 2 THE US dollar was traded firmer against most major currencies yesterday on the foreign exchange market. Against the local currency, the US unit opened at 552.1240/50. It moved from strength to strength in the day and closed at 552.1275/ 85. latarfcaak hmH rates at S pm: One month445 words
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Article260 1982-03-23 2 THE US dollar in Hongkong yesterday ruled mixed against most major currencies in late trading. The US unit softened to a late 243.65 80 yen from 243.70/85 in early trade, and its 244.10/25 New York close. Trading was quiet overall, due to closure of the Tokyo market. The US260 words
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Article22 1982-03-23 2 THE average rale at which major Singapore banks are currently prepared to lend to their boat customers is 9.7 per cent.22 words
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Article179 1982-03-23 2 ASIAN ASIAN currency deposit interbank rates as at close on Mar 22: Closing Asian dollar certificates of deposit for prime names on Mar 19: 7 days 1 month 5 months 3 months 6 months 0 months 12 months US DoUir*(Spot) Off.r Bid 15* 15 15 3/16 151/16 153/16 151/16 IS*179 words
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Article45 1982-03-23 2 RANGE at prices offered by discount houses on Mar 22: Overnight: 3V»% CaD deposits 3% to J'*9 CtosiBC Bnriag Seiliac 3-month Treasury bills 3H 3S 3-month Bank bills 9«« SH 3 months CD 8H 84 6 months CD 8H 8h Source: National Discount Co45 words
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Article276 1982-03-23 2 SINGAPORE gold futures yesterday closed generally weaker compared with last Friday's closing levels in light trading, dealers said. Prices were narrowly mixed at the outset but weakened in the afternoon on some European selling and local profit-taking, they said. Total sales for the day was recorded at 95 lots276 words
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Article36 1982-03-23 2 New York 7Q1B 7 13B 7 OSS 7.20S Zurich 7.00B 7.106 7.10S 7 20S Mm Prt Singapore 7.00B 7.12B 7.10S 7.27S Closing prices In US dollars a troy oune e. Source: Credit Suisse, S'pore.36 words
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Article290 1982-03-23 2 THE French franc weakened at the opening in London yesterday amid renewed speculation of a realignment of the European Monetary System. The franc opened at 6.2200/50 to the dollar, compared with its Friday close of 6.1950 2050 in London and 6.1900/50 in New York. In subsequent trading yesterday, it290 words
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Page 2 Advertisements
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Advertisement454 1982-03-23 2 A COMPANY THAT PLANS ITS BUSINESS EFFECTIVELY SHOULD BE ABLE TO PLAN ITS OWN OFFICE SR»CE LIKEWISE. GETZ CONCEPT 80s OPEN PLAN SYSTEM FOR THE OFFICE REFLECTS EFFICIENCY AND GOOD BUSINESS SENSE. 51 »"<?•: Studies have indicated that the total office layout is as important as managerial skills in running454 words
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TRADE AND INDUSTRY
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327 1982-03-23 3 THE Australian national group of 51 companies made sales worth more than 1700,000 at the Sibex '81 exhibition which ended last Saturday. Sales under negotiation are valued at $8 million while sales over the next 12 months are expected to reach $30 million. "The re&ults327 words
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Article355 1982-03-23 3 SEMINARS AND COURSES March 23-April 1: Senior Management Development Programme '82, Module n Managerial Accounting /Marketing Management, Equatorial Hotel, NPB March 23-April 22: Certificate in Computer Data Processing Module 3 Computer Applications in Accounting and Finance, NPB, NPB March 25, 26: China n Trends and Developments, Shangri-La Hotel,355 words
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Article, Illustration332 1982-03-23 3 MB CLAUDE f nfcnwts of Banque Internationale a Luxembourg SA and Mr Haa Eag Jua of AHI-LOW, Management Consultants, 'have been appointed Joint general managers of the newly incorporated Banque Internationale a Luxembourg BIL (Asia) Ltd. Mr Han has been with Price Waterhouse and Co (1962-63), an332 words
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Article111 1982-03-23 3 THE Vocational and Industrial Training Board has installed 16 microcomputers to introduce trainees to computer technology. The Commodore microcomputers were bought from Systems Technology, the local distributor for Commodore business machines, at a total price of $50,000. The computers will be used to teach VITB trainees the111 words
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223 1982-03-23 3 AN aadittag firm, Peat, Warwick, Mitchell aad Ca has latredaeed aa Interestfree leaa Ml— ta eaeaarage Ma sealer staff ta hay their awa nstcra-eem-paters. Under the scheme, the llrai will provide tatereatfree laaaa at ap to $4,888, repayable la U aisaths, far223 words
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552 1982-03-23 3 LIM SOON NEO - By LIM SOON NEO EXPORTERS of timber and timber products do not expect any significant improvement in exports until after the middle of the year. Their expectation is based on current indications which include the trend of US interest rates and trade enquiries from552 words
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Article580 1982-03-23 3 A GROUP of 300 New Zealand motel owners will arrive in Singapore in July to generate hniiness with local travel agents. They will be followed by up to 1,000 New 7-— i««h travel agents three months later for their »nmi»i conference. It will probably be the580 words
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Page 3 Advertisements
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Advertisement101 1982-03-23 3 w **A o rj*y '^Ic fi/ -G An exclusive label Fbr less than you imagine. FIRST CLAS SFor less than you imagine, you can buy the most exclusive wav to travel to Tokyo Cathay Pacific First Class. Exclusive checkin facilities, an invitation for cocktails at our Discovery Lounge. On board101 words
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OVERSEAS
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638 1982-03-23 4 NYT WITH the economy sinking deeper into recession, economic forecasters in America are revising their estimates of corporate earnings for the first quarter of 1982, and making their gloomy projections even gloomier. The forecasters said corporate profit margins in the first quarter areNYT - 638 words
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641 1982-03-23 4 MALAYSIAN shippers last year paid an additional Mslls million in freight bills as a result of general rate increases imposed by a record number of eight liner conferences. The increases affected almost all of Malaysia's major trading areas Western Europe, the641 words
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262 1982-03-23 4 UPI FOREIGN nations spend about US$lOO million a year on lobbying in the United States with the aid of former top American officials. A US News and World report on Sunday said foreign governments and businesses employ scores of former senators, houseUPI - 262 words
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391 1982-03-23 4 LPS THE Northern Ireland Department of Commerce has launched a major drive to attract the world's microelectronic companies with the aim of developing a major centre for the industry. The campaign, says the department, offers the best package of government incentivesLPS - 391 words
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336 1982-03-23 4 Reuter GENERAL Motors Corp (GM) and the United Auto Workers (UAW) union yesterday reached a tentative agreement on a new labour contract in Detroit. The proposed accord is similar in mast areas to one ratified last month by the membership of Ford MotorReuter - 336 words
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WORLD IN BRIEF
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Article399 1982-03-23 4 Agencies A US executive of General Motors Philippines has blamed disunity among the five member countries of Asean for the delay In the progress of a regional automotive complementation scheme. Herbert Telshaw, managing director of GMP, one of the five participants in the government-sponsored progressive car manufacturingAgencies - 399 words
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318 1982-03-23 4 THE Beelal Dwieratte Party of West German ChaaceOer Schmidt has suffered a setback la the first of fear state eteettsM this year while FraaeCa socialist parties were Mealed decisively la nthswlfc leeal elections. The shift esald decide the fatare of Bean's left-liberal eeaUttea. Veters318 words
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Article82 1982-03-23 4 UPI ISRAELI Defence Minister Artel Sharon said his country will not make any more concessions to Egypt on the Sinai border, a toughened stand that could delay Israel's final pull hack from the peninsula. Mr Sharon also ssid Palestinian autonomy talks must take place inUPI - 82 words
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258 1982-03-23 4 Reuter BRITISH Chancellor of the Exchequer Geoffrey Howe said economic recovery in Britain "is beginning to take place while getting inflation down." He told Newsweek: "It 9eems probable that we will be the first government since 1951 to achieve a lower average level ofReuter - 258 words
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228 1982-03-23 4 AP INDONESIA'S ambassador to Japan said Tokyo should give as much attention to its own economic development as its relations with other nations, particularly Asian nations. At a recent speech in Tokyo before the Asian Affairs Research Council of the ruling LiberalAP - 228 words
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556 1982-03-23 5 Reuter SOME Wall street economists think statistics for February indicate that the US recession is over or at least, nearly over. "The recession appears to have reached bottom," says Irving Trust's Bernard Schoenfeld, while Chase Manhattan Bank's Philip Braverman says the economy isReuter - 556 words
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130 1982-03-23 5 Reuter UN ECONOMIC and Social Commission for Asia and the Pacific (Escap) officials, in Bangkok, said by the year 2000, nearly one billion people in the region will be desperately poor unless current patterns and methods of development are radically changed. Escap's annualReuter - 130 words
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434 1982-03-23 5 NYT BY AGREEING to reduce its output to 17.5 million barrels a day, a lower limit than had been expected, the Organisation of Petroleum Exporting Countries has taken a step which raises doubts about predictions of further widespread oil price cuts. FewNYT - 434 words
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Article703 1982-03-23 5 ARRIVALS Service Local Operator Number Time From CAL CI331 0020 TPE AI AI412 0100 BOM PAA PA005 0145 NYC/SFO/HKG MAS MH601 0700 KUL MAS MH671 0915 KUL SIA SQ101 0645 KUL MAS MH81I 0645 PEN RBA BI427 0955 BWN MAS MH651 1000 PEN/KUL MAS MH680 1010 BH/MYY/KCH703 words
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332 1982-03-23 5 AFP THE latest textile trade agreement between Hongkong and the United States has, on the whole, drawn favourable reaction. Dominant is relief that the US negotiators did not fully tighten the screws, although they did obtain their major objective of reducing the growth rates fromAFP - 332 words
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260 1982-03-23 5 Reuter MALAYSIAN Prime Minister Datak Serl Mahathir Mshamed mid face pre—re tram aeme partlea la hto rallag eeallttoa far mere seats to he altoeated to them la aezt meath't May pells tor a aew Parllameat, pslltleal •heerven «aid yesterday. Bat they aald Dr Mahathir, whsReuter - 260 words
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Page 4 Advertisements
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Advertisement323 1982-03-23 4 John,'Ann,Tear I entertain you at the Jade Lounge m r H > t; r: 1" John, Aim, Pearl. A rare combination of talent, vocal harmony and easy style. Each member with > more than 11 years of music experience. *T*l_ This dynamic trio have just returned from a successful stint323 words
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Advertisement72 1982-03-23 4 \L PP i C m t wmm For on-target market penetration to 12,000 direct importers worldwide. Include your products services in the forth-coming edition off ASEAN REVUE General Contents Offers exclusively from ASEAN Trade introduction services Editorial on Products, Fairs and Seminars. «ff -1 For more information on the wide72 words
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Page 5 Advertisements
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Advertisement481 1982-03-23 5 Many heads are better than one especially at the price I m 15 m Vi 121 r. m m m Sf, 51 4? il H m ENGINEERING ACCOUNTING WORD PROCESSING STOCKTAKING FINANCIAL PLANNING I am interested in IMS Please send me more information O Please send your representative to see481 words
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Article393 1982-03-23 6 IF POLITICS is the art of winning hearts and minds, then the distinguished Swedish economist Staffan Under was surely right when he called for a crusade for free trade aimed at ensuring that the people of a country had no doubts about the disadvantages of393 words
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Article323 1982-03-23 6 ENOUGH has been written about events in Poland to fill a book. But the christening of Mr Lech Walesa's daughter in Gdansk at the weekend is worth another paragraph or two, for it reveals something about the present Polish regime and its craven inability to understand where323 words
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Article, Illustration880 1982-03-23 6 DAVID SHRIBMAN - By DAVID SHRIBMAN NYT WHEN President Reagan chose him to be the United States Special Trade Representative, William Brock, the former chairman of the Republican National Committee, acknowledged he had "a lot to learn" about trade. Now, only a year later, Brock is telling AmericanNYT - 880 words
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Article746 1982-03-23 6 FLORA LEWIS - FOBOTL with FLORA LEWIS NYT IT'S HARD to remember when there was more confusion in the world about the signals sent from Washington. Is the US saying it is ready to back away from support for an attempted military victory in El Salvador and confrontationNYT - 746 words
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Article, Illustration841 1982-03-23 6 MARTIN DICKSON - The world is experiencing an oil glut, and most oil producing countries are facing falling sales. Mexico, fourth-largest oil producer in the world, however, has high hopes of further increasing its exports of crude this year. MARTIN DICKSON reports. MARTIN DICKSON MEXICO, now the world'sSource: PEMET/Industry Estimates; Source: - 841 words
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Page 6 Miscellaneous
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Miscellaneous627 1982-03-23 6 CRYPTIC PUZZLE ACROSS 1 Is shot in a hard-hearted quarrel (5) 6 Behaved slimily? (5) 9 Part of the pie that gets in your teeth? (7) 10 The tenor's general meaning (5) 11 Beny bushy tree? (5) 12 Cut and run (5) 13 Newgate, (or instance, was the very devil!627 words
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Miscellaneous72 1982-03-23 6 RriStcW: FmsJcDLcfceng GORDON Bluc looks PUEASep U>rTH Mw^seur lC c^ P&Z.X& TueRC R«e_ MuNDtfeDs 09 RLOPue. UtfMT.NG OUT Tne^e hf\V£ TMP>T I PRePPiRir4G ONC or Pay LoNiCi-ieS fboiXT GrJ J ,CccOTe BOM rem one T "Tr ■< a-» tiLW rpcepßßC CXFT?R r-'• r>x? GORDON BLOC. BOT BeFoße DO SO u>e72 words
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Miscellaneous725 1982-03-23 6 On gold and diamonds GOLD ud mtmmis have pM I—H prominence as iavestmeat teals, >wHw helag nsrd aa decorative ifeMa far ceatariea. The BBC dacameaAaather dacameatary, WUSerwtm Dmwmimg (Ch i, Ml), teaks at wild aalthey adjast themaelvea ta tary taaffht. Piinai: Oatf mad Diam—dm (Ch I, (mum aa theae Michael725 words
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Article, Illustration1143 1982-03-23 7 BRIDGET BLOOM - By BRIDGET BLOOM FT BEFORE he announced that the Trident II was to be Britain's nuclear missile of the future, Mr John Nott, the Defence Secretary, was asked why Britain needed its own nuclear forces, instead of relying on the US forces in the NorthFT - 1,143 words
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Article381 1982-03-23 7 BRITAIN and France spend roughly the same total amount on defence a year: Nato figures for 1960 actually show the two levels pegging at U5523.3 billion and $22.2 billion. But Britain spends more than 5 per cent of its GDP on defence while France's share is currently381 words
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Article548 1982-03-23 7 DAVID TONGE - By DAVID TONGE FT THE GREEK government is poised to enter the international arms market. It has decided to purchase strike aircraft and tanks and is determined to reduce the dependence of its 194,000-strong armed forces on US weaponry. Mr Georgios Petsos, the Deputy MinisterFT - 548 words
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Article101 1982-03-23 7 FRANCIS SEE - r Letters to the Editor FRANCIS SEE Registrar Slagapere Sedety Aeeeaataats Dear 9r, We refer to your article "Emile Woolf College sends report to SSA" which appeared in Business Times, March 17,1962. The Registrar's visit toLondon in June 1961 was a fact-finding tour covering areas where the Society101 words
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Article127 1982-03-23 7 PAHANG CON - PAHANG CON Dear Sir, I am a remisier by profession and I am surprised OTB wants listing in Singapore. In the first place, there are no branches of Overseas Trust Bank Limited operating under licence from MAS in Singapore. Also, as it is a Hongkongbased bank,127 words
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Page 7 Advertisements
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Advertisement239 1982-03-23 7 ONE-STOP TO COPENHAGEN ROME ATHENS 3 11 i as 'us A i n w M a Introducing Thai's new Great Circle Express Routes to Europe that fly you non-stop from Bangkok to Copenhagen, Rome or Athens. Our weekly, smooth as silk flights leave for Copenhagen on Thursday and Saturday. To239 words
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INTERNATIONAL STOCKS
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Article349 1982-03-23 8 Reuter SONY expects sales in the current business year ending Oct 31 to grow about 10 to 15 per cent compared with last year. However, the growth forecast is being revised downward from an earlier prediction of about 15 per cent, because of sluggish consumerReuter - 349 words
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Article56 1982-03-23 8 COCA-COLA's definitive agreement on its proposed acquisition of Columbia Pictures Industries Inc has been signed by the management of both companies. Completion of the agreement is subject to approval by stockholders of both companies, the completion of normal reviews and actions by appropriate government agencies, and the satisfaction56 words
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146 1982-03-23 8 BRITISH Petrateam C« Ltd (BP) has pwpml rtmumlag experts e< erade ell te Its •■-affiliated Japaaese reflaers and ether eh asers tram aext maath. BP saspeaded erade all shipmeats to Japaaeae aaaaffiliated firm late la 1178 feUewtag the revaiatlea la Iraa, bat the146 words
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Article233 1982-03-23 8 ASSOCIATED Communications Corp (ACC) forecasts a pre-tax loss of £30.49 million in the year to March 31, compared with a restated £4.17 million profit in 1980/ 81. AOC is currently at the centre of a takeover battle between Australian Robert Holmes A Court and the UK's233 words
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Article76 1982-03-23 8 Reuter SIEMENS AG, whose world group net profit fell 19 per cent in 1960/81, expects a more favourable trend in 1961/82 though a lasting improvement in earnings is possible only in later years, managing board chairman Karlheinz Kaske told the annual meeting. World group net profit fell toReuter - 76 words
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Article49 1982-03-23 8 MICHELIN is likely to record sharply reduced consolidated profits in 1961 despite increased turnover. In 1960 the group had net profit of 304 million francs on net turnover of 30.96 billion. It was hard hit last year by strong competition. This entailed measures to adjust production to demand.49 words
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159 1982-03-23 8 GUINNESS PEAT said in a statement its first half trading results to Oct 31 were dominated by losses on its disastrous animal fats venture in Chicago. First-half pre-tax loss was £7.39 million against a profit of £3.55 million for the group as a whole.159 words
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Article95 1982-03-23 8 MARGIN debt at member New Yerk Stock Exehuce firms Ml US$42l mlllian la Febraary to $124 Wlttea, ike >• west level since September lfM. Hm New Yerk Stock Exehaage added the sharp (all to stock priees to Febraary reaalted to aa 8.2 per ceat drep ef the95 words
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Page 8 Advertisements
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Advertisement243 1982-03-23 8 Where Conine, dine and entertain :s mm Don't leave home without it. To apply for the American Express Card Ca11:*****33 Ideal for picnics cfikxtundhes t Apadpdmealfor SSoS©«tllle VotpfpnSnad{Shop All served with -pickle and plain rice Delicious Nonya Packs available 7 days a week from 11 am to 2 pm. Orders243 words
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Advertisement103 1982-03-23 8 For lunch. For dinner For a richly rewarding experience. I' or reservations call *****77 «-nliii"N I*l irk Slm*ii•!«mi Siii^niHiiv 9 F NUTMEGS offers JAZZBRUNCH on Sundays 10.30 a.m. 3 p.m. $21 per person Pteose coM *****88 ext 663 for reservations HYATT RtGtNC>OSiNGAPORf PORf A U Vanda Bar Make the scene103 words
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Advertisement196 1982-03-23 8 See Page 11 for Asian stocks fix i: o\ti\i;mk K t SIM R S 1 Before you fly away ro foreign lands, check-in your bags then seek out the Five Continents Restaurant. Relax in intimate surroundings and wine and dine on the most superb international cuisine you've ever tasted. Lunch196 words
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Advertisement171 1982-03-23 8 When you dine, dine Cantonese. If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for an evening to remember.171 words
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Advertisement138 1982-03-23 8 5 The Dragon Palace Restaurant is where you can dine in regal splendour and feast on splendid dishes fit for a King Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome' a Cockpit Hotd 0*l«y Rise/Peneng Road. Singapore 0923 Tel 73/9111 (20138 words
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RAW MATERIALS
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Article221 1982-03-23 9 RUBBER prices inSingapore yesterday closed slightly lower with April One RSS buyers quoted at 182.50 cents per kilo, down one cent from last Friday's close, dealers said. Morning prices were quietly steeady on some covering interest after a slightly easier opening, they said. Afternoon prices lost some ground on221 words
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Article297 1982-03-23 9 RAS prices in centa per kilo yesterday; Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b. 182.00 IM.OON Int. 1 R.S.S. April 183.50 ***** Int. 1 R.S.S. May 187.50 188.00 Int. 2 R.S.S. 170.00 171.00N UK/Cont m00 170.00N Int. 3 R.S.S. IB.00 167.00N UK/Coat *****297 words
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Article90 1982-03-23 9 NOON SSI t and SMR pricaa j yaelairteyKA8 3SR 20 SSR SO (1 -Coo pallet (l-toe pallet April (Carnal Ntk) Bayera Seller* t 186.00 187 00N 182.00 184.00N (Porward Mth> Bnyere Sellers 188.00 188.00N 183.00 186.00N MRELB A»ril May fcjoOSSSS illiiil (1-ton pallet (1 -too pallet 190 words
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Article94 1982-03-23 9 THE STRAITS tin price In Penang yesterday held steady at last week's close si s kilo, within the ITA lower sector of $».15 ud They said coatinned strong buying by the buffer stock manager provided the major support, while light interest from other sectsrs was alss noted. Higher94 words
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Article32 1982-03-23 9 Rubber; Msr 22 Singapore: April: 182.60 cents (down 1.00 cent) Malaysia: April: 203.50 cents (down 1.00 cent) Tin: M 530.36 per kilo (unchanged) Official offering: 351 tonnes (up 88 tonnes)32 words
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Article87 1982-03-23 9 Reuter INDONESIA'S rubber exports to Singapore dropped about 30 per cent last year compared to 1960, Rubber Association Chairman Harry Tanugraha said. He told reporters exports were 270.6 tonnes, compared to 386.7 in 1960. Indonesia's overall rubber exports also recorded a 20 per cent decline in 1961Reuter - 87 words
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Article930 1982-03-23 9 COFFEE: Robusta coffee futures yesterday finished a quiet morning near the highs and little changed from the end of the opening call which saw prices steady up on commission house and local Jobber buying from initial unchanged to easier levels, traders said. Midday prices were £11 to £15930 words
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Article127 1982-03-23 9 THE Kuala Lumpur crude palm oil market yesterday closed mixed in quiet trading, dealers said. In March and April, south fell M 52.50 and $5 to $932.50 and $930 a tonne respectively, while in April, central gained $2.50 to $927.50. Central rose $5 to $922.50 in May and127 words
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523 1982-03-23 9 CANADA IS actively promoting export of its soybeans to Far Eastern markets although it is an insignificant producer of the commodity and its current production cannot cope with home demand. A trade team recently went round five Far Eastern countries including Malaysia, looking523 words
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Article462 1982-03-23 9 THE Federal Agricultural Marketing Authority (Fama) is to market one third of smallholder cocoa output this year, a volume large enough to influence and maintain local prices at remunerative levels. Fama's director general Haji Hariri bin Abu Taif said last year, Fama achieved its target462 words
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Article250 1982-03-23 9 JAPANESE TRADERS now handle 10 per cent of US grain sales abroad. Since 1978 such giant Japanese trading houses as Mitsui and Co and Mitsubishi Corp have quietly bought some two dozen US grain elevators to store crops and now handle an estimated 10 per250 words
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271 1982-03-23 9 MALAYSIA HOPES that Australia will continue to grant tariff-free entry for Malaysian palm oil into the Australian market, Malaysian Minister for Primary Industries Datuk Paul Leong said in Kuala Lumpur yesterday. He said that in recent years, Australia's imports of palm271 words
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Article169 1982-03-23 9 CHSNESE Pritaea Exehaage, per 1M kg yesterday. Cieißit «II: Bulk fob $98.00 sellers, old drum (in second hand drum) fob $110.00 sellers, new drum fob $114.00 sellers. Csfrn: Mixed (loose) $46.00 buyers. Pepper: Muntok white pepper fob Astt NLW $375.00 sellers. Sarawak white pepper faq fob NLW $370.00169 words
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Article196 1982-03-23 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Ctttia yam: China Blue Phoenix 20s 2,400; 32s 3,100, 40s 3,190 (per bale of 400 lbs). Ptoee gesis: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article336 1982-03-23 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.20, 100 per cent second class 1.02, 100 per cent third class 1.00, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.70, Special336 words
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629 1982-03-23 9 THE 116 million Palm Oil Research Institute of Malaysia (Porim) headquarters, being constructed at Bangi, is expected to be ready by the end of next year. The Porim director general, Tan Sri Datuk Dr Anuwar Mahmud, said the project on629 words
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Page 9 Advertisements
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Advertisement287 1982-03-23 9 Richard Ellis World Wide FOR SALE Industrial Complex at the corner of Jalan Ahmad Ibrahim and Pioneer Road with:1. Main Factory 116,648 sq.ft. 2. Warehouse 33,605 sq.ft. 3. Industrial Building 23,519 sq.ft. 4. Canteen/Stores 5,899 sq.ft. 5. Showroom/Workshop 2,099 sq.ft. 6. Office Block 3,294 sq.ft. Contact: Molly Poh 185,064 sq.ft.287 words
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1578 1982-03-23 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 COMMERCIAL Acs* (2.488) Allied1,578 words
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Article183 1982-03-23 10 mngapobk unr m The Commerce jjr The Savtafi Fund 1 a S pare Prof Fund i jj S pore Sec. Puad i n S'pare Invest Find 101 S pare Equity Fund 11$ *T *M) 110 1.7tsd i.a» in LM LS5 OUMOND MG .ssr""Spore Pd (US») SI nwiM Income183 words
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Article2870 1982-03-23 10 1M1/1M2 High Low Company Last Sale OPGr'» Div Div Crr Gr 1 Y'ld Net P/E Vol Day. COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 115 350 312 420 200 470 532* 875 430 247 Aetna 115 Alcom 130 Allied Choc 150 BAT 308 Bata 75 Ben2,870 words
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Article1634 1982-03-23 10 I BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares i traded shown in brackets in I lots of 1,000 units, unless other J wtse specified. INDWnUIJI AJaaaaM (3MS) -i AM (IMB 1J9B)1,634 words
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Article123 1982-03-23 10 VAN Dec Hsnt Limited: Eighth AGM to be held at 11 Pandan Crescent, Singapore 0612 on March 24 at 10 am. RENONO Tin Dradgtag Campaay Limited: EGM to be held at the 1st Floor, Wisma Tek Lee, 38 Jalan Tun Perak, Kuala Lumpur on March 25 at noon.123 words
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475 1982-03-23 10 A STRONG aarge af ywtfrMy OHbbom Hloi aMto eto«apa^^ beL Maay Matoyatoafcaaad eeßßton wMek Were BSt aetl»o last week batarei streagly to the rally. Ike Btoatto Times ladaetrial ladex advaaeed by BJ2 potato to 711.71. Tradtog to the aaeratog epeaed Una hat the kalktf activity475 words
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Article583 1982-03-23 10 SHARE prices on the Kuala Lumpur stock exchange were marked higher across the board yesterday in fairly active trading. Total turnover on the day, although comparatively higher, was still around the four-million level. Opening prices were steady on good spillover interest and values583 words
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COMPANY NEWS
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Article487 1982-03-23 11 Market Talk... ALTHOUGH the stock market is generally quiet, the liquidity position of investors is building up as funds on the short-term deposits mature and yields on fixedinstruments are now looking less attractive on the back of an easier interest-rate market. Under such condtions, Sua487 words
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Article687 1982-03-23 11 Carreat Ex Beeka Date Tatal far TatalHr Paynaeat Date Cleae Payakle tke year Prevteaa ye A Eaterprlaee 12%<n) Apr 5 Apr 16 Apr 30 22% 16%(a) Aakam 12%I Mar 23 Apr 2 Apr 27 12% 30% Aastral Anal 45%I Mar 12 Mar 24 Apr 9 45% 90% Ayer687 words
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1552 1982-03-23 11 STEVEN TAN - By STEVEN TAN AFTER an explosive growth in the short span of three years, Permodalan Nasional Berhad (PNB), the investment arm of the Malaysian Bumiputra Investment Foundation, is now looking towards consolidation but without losing sight of opportunities to fulfil its long-term objectives. PNB's1,552 words
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Article136 1982-03-23 11 8ENT08A PtywMd BM has announced that shareholders' approval has been obtained for the sale of 900,000 shares of $1.00 each in Faber Merlin (M) Bhd at $3.35 per share. A resolution to increase the company's authorised capital to 150 million by the creation of an additional 35 million136 words
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Article297 1982-03-23 11 SOUTH Pacific Textiles Bhd la bracing Itself far difficult trading conditions la the current flaaarlal ycm. According to SPTI's chairman, Mr David Naiwal Lee, groap results far the current year "will nnt be as eomfertabie as that la the previous tws years." He attrthntes this malaly297 words
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ASIAN STOCKS
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Article184 1982-03-23 11 HONGKONG STOCKS IN Hongkong yesterday closed higher although off their best levels of the day on light liquidation selling near the close, after holding steady most of the day, brokers said. The light $400 million fall in US money supply M-l for the latest reporting week heightened184 words
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Article261 1982-03-23 11 PRICES IN Sydney yesterday drifted generally lower in dull trading. At the close, the All-Ordinaries index was off 2.2 points to 470.0. Industrials fell 0.9 points to 622.1 and resources eased 3.3 points to 346.3 points. Brokers said the Merrimelia oil flow and production cuts by261 words
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Article115 1982-03-23 11 STOCK prices in Manila yesterday closed mixed as commercial/industrial and the mining sector eased while oils firmed. Turnover rose to 1.6 million pesos from 853,000 last Friday. MAR 11 Pun AcoJ« Mining OOH unch AUaj Con. A OrWnt*i B oM -0 003 sa^r— r B 15 unch AUaj Coo.115 words
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Article73 1982-03-23 11 MAR 22 Bahu AM Fibre AruUiar* In*. And Truat 0.5 Bangkok But Bank Of Ajudhara unch BotU J ticker tee -t Charoon* Thai Wire m -4 Hr»t Truat unch InduetrtaJ Finance Corp Ml 1 International Caamcucx International Trust And P* Runt Tower unch Ut l/nlon ia unch Stun Omml73 words
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Page 11 Advertisements
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Advertisement145 1982-03-23 11 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due March 25,1966 of A The Mitsubishi Bank, Limited. D B S. Building. 6 Shenton Way Singapore 0106 We hereby certify that the rate of interest payable on the above-mentioned certificates of deposit for the interest period145 words
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Advertisement191 1982-03-23 11 QUALITYCOMPUTERS BUSINESS COMPUTER Control your business with the desk-top micro featuring the best of today's hardware and software technology ideal in the medium sized business when using application packages for Management Reports, Budgets and Analysis. Word processing. Stock Control. Invoicing. Accounts Receivabie, Accounts Payable, Payroll, Personnel Records and General Ledger.191 words
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Chief Price Changes
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Article136 1982-03-23 12 Rises Indices M B P Hldga 670 45 Mar 19 Mar 22 Gaaarai Corp 388 204 630 800 830 40 BT Indicator: *****4 *****5 Hwi HOM Ambaaaador Strait* Trading BtrjaiUl 30 30 20 20 Industrials: Finance: Hotels: 711.39 1621.79 1085.27 719.71 1631.36 1089.88 Sal Prop«rti«» 500 20 Properties: 630.44136 words
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Article, Illustration172 1982-03-23 12 SHARE prices aa the Stack Exchange af Stagapare raae kmdy jftataday m kaylig gathered steam la the aftermw after a steady apealag la the msnriag. The Straits Ttmm ladastrlal Index rase 8 Jt palate to eteae at 711.71 while the Bastaess Timet Indicator sf the day's It Mat172 words
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Article29 1982-03-23 12 FINANCIAL TIMES Monday 622.2 Monday Friday 823.1 Week Ago 811.# 1223.19 Friday 1207.21 Week Ago 1181.83 ALL ORDINARIES AUSTRALIAN Monday 470.1 INDUSTRIALS Friday..— 4723 Week Ago 458.729 words
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379 1982-03-23 12 SEA VIEW Hetol has suffered Its first aaniagi setback since the tarunud la lflf. 11l gnap pre-tax prefits fell 1U per eeat to HJM mlllisn fer the six msatha ended last December (against $2.12 millian previeaaly). Evea theagh the eempaay did aet give379 words
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Article426 1982-03-23 12 wmm by HOCK LOCK SIEW NEWS that Overseas Trust Bank of Hongkong headed by Chang Ming Thien is seeking a listing on the local stock exchange appears to have met unfavourable reaction from certain quarters. Since the article was published last Monday, Business Times has receivedby HOCK LOCK SIEW - 426 words
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LATEST RESULTS
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Article82 1982-03-23 12 has aaasaaced saaadlted ant tn profit sf Mf1.78 aril(tea (fS.it mllltea prevteasly) far the dx msaths faded Dee 31 aa a taraaver at $IIJ7 mllltea mllltea). Dlreetars have reeammeaded aa iatorlm dlvldead •f 5 per eeat great (7 per eeat tax exempt), payable aa April to82 words
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46 1982-03-23 12 greap set praflt ft 1181 feU to MINIMIS (8862,891) n a sUgktly tower tamver ti $18.7* mllltoa ($18.12 mllltoa). The puwt etmpuy Imured a set lew ef $828, Ml (141, Ml leas) ea a taraever at K.W mllllea (94M mllltoa).46 words
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395 1982-03-23 12 IfHBH Companies Editor: Mano Sabnani FOLLOWING on the heels of Chartered Bank, the Hongkong and Shanghai Banking Corporation has also announced its plans to localise its operations in Malaysia. The actual procedure of the localisation has, however, not been disclosed yet. The bank's officials395 words
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120 1982-03-23 12 NEWS of a takeover bid for Hwa Hong Manufacturing pushed its share price up to $2.04 when trading resumed yesterday morning after a suspension of more than two months. Underpinned by a cash offer price of $2.20, Hwa Hong shares shot up from120 words
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Article39 1982-03-23 12 COLD Storage Holdings Ltd has announced the reregistration oT the company as a public limited company in accordance with the Companies Act 1948-1980. It is now known as Cold Storage Holdings PLC, with effect from March 5.39 words
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COMPANY BRIEFS
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125 1982-03-23 12 has informed the Kuala Lumpur Stock Exchange that its statutory accounts are being printed and will be available shortly. The results of the group will be materially affected by Sejati Motor Sdn Bhd's proposed acquisition of the five operating companies involved in the assembly125 words
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Article37 1982-03-23 12 has announced that the new registrar of the company in Malaysia is MiTan Hwee Thian and his office has moved to Wisma Tek Lee at Jalan Tun Perak in Kuala Lumpur.37 words
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Article95 1982-03-23 12 has announced that the SES has approved its ooe-for-two bonus issue based on the company's existing issued share capital of 119.47 million. The register of members and transfer books of the company will be closed from April 12 to 19 for the purpose of determining shareholders'95 words
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Article87 1982-03-23 12 has announced that subject to shareholders' approval at an EGM on May 6, the SES has approved its one-for-two bonus issue, based on the company's existing issued share capital of $15.1 million. From April 12 to 19, the register of members and transfer books of the87 words
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Page 12 Advertisements
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Advertisement68 1982-03-23 12 THE SANWA BANK, LIMITED SINGAPORE BRANCH US$ 15,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit due 23rd September, 1982 In accordance with the provision of the Certificates, notice is hereby given that for the Interest Period from 23rd March 1982 to 23rd September 1982 the Certificates will carry a68 words
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Advertisement156 1982-03-23 12 Daihatsu introduces the 3-seater Wide Cab 3-Seater approved by ROV Daihatsu. The leaders in light trucks with the widest range add yet another value-for-money choice to their range. Now with power steering and exhaust brakes. For light and easy driving when carrying I heavy loads, for effective Jt braking and156 words
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Page 12 Miscellaneous
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Miscellaneous63 1982-03-23 12 W EftTjHEROUTLOOK for Singapore today: Fair in the morning. Showers in several areas (afternoon and evening). Beport for 24 hoars prior to 7JI pm on March Zt at the airport: Maximum temperature 32.3 Associated humidity 60 Minimum temperature 24.3 Associated humidity 95 Hours at sunshine 5.35 Rainfall in millimetres Trace63 words
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SHIPPING TIMES
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297 1982-03-23 13 LONDON-BASED shipping J company, Traverway Line j will be offering a direct link from next month be- tween the Far East and Fa magus ta, the northern port of Cyprus. J The first vessel is ex- > pected to arrive in Singa- pore297 words
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544 1982-03-23 13 G DURAIRAJ - By G DURAIRAJ THE FAR Eastern Freight Conference (FEFC) has agreed to meet the Federation of Asean Shippers Council (FASC) in a move to resolve the differences in opinion over the application of certain terms of the Westbound General Cargo Contract. Confirmation of544 words
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PORTSIDES
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Article36 1982-03-23 13 Reuter THE AUSTRALIA/Eastern USA and Australia/ Eastern Canada Shipping Conferences said they will reduce the bunker surcharge on these trades to 8.93 per cent from 10.56 per cent, effective April L ReuterReuter - 36 words
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Article147 1982-03-23 13 AFP HONGKONG'S position as one of the world's busiest ports was maintained last year when another increase was recorded in all sections of port activity. A total of 10,667 ocean-going vessels entered the port and discharged and loaded a total of 31.9 million tonnes of cargo,AFP - 147 words
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Article103 1982-03-23 13 AFP THE SRI Lankan state shipping corporation's new container ship Lanka Siri arrived in the Gulf on its inaugural voyage over the weekend, in the first maritime link between Colombo and the Gulf countries. The Lanka Siri arrived in the United Arab Emirates port ofAFP - 103 words
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Article76 1982-03-23 13 Reuter PAN Ocean Bulk Carriers Ltd has signed a US$42 million loan with a group of banks to finance the purchase of two second-hand bulk carriers, Asia Pacific Capital Corp said as agent. The loan is for eight years at 0.875 per cent over the six-month LondonReuter - 76 words
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Article708 1982-03-23 13 Sfctppiag Use PM® C«l ShlpptagLtae PHe CM Achipeiego Shpg Afea Alfred CT All trans AJpar Angonave ANL A PC Line APL Argentine ASCL Asia Merchant Austaau Line Australian Coat Bait-Orient Baltic Bangkok Coat Bank Line BBS Ben Line Ben Asia Ben bulk Bintulu Blue Funnel Blue Star708 words
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Article315 1982-03-23 14 TRANSIT cargo is gaining importance for the Port of Hamburg prompting intensified efforts to further increase the port's transit cargo share, says Mr Helmut Hansen, general representative of the port. In 1981, transit cargo increased to 17.8 million tonnes, 6.4 per cent more than in315 words
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742 1982-03-23 14 A feud has broken out in Davao City between the Philippine Ports Authority (PPA) and owners of a commercial port being patronised by domestic and international shipping lines. The problem stemmed apparently from the competition posed by Terminal Facilities and Services Corp (Tefasco) whose port742 words
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Article124 1982-03-23 14 THE twice-weekly Ferrymasters ro-ro service between Middlesbrough and Gothenburg and Helsingborg has resumed normal sailings with the ending of the lengthy dock dispute at the Tees ro-ro terminal. The P A O group-owned, 120-trailer capacity ferry Elk (a unit of the Stena Searunner design) returned to124 words
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Article1571 1982-03-23 14 RENEWED Soviet interest in time-charter business featured the freight market on Friday with their bookings including a 53,000 tonner from Korea to Cape Passero via the US west coast and Black Sea at USS4,S6O daily and a vessel of about 28,000 dwt from Korea to the Black Sea1,571 words
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Article656 1982-03-23 14 March 23-24 Biotechnology: the financial implications, Barbican Centre, London. March 24 Training and distance learning onboard ship 6 conference, Institute of Marine Engineers, London. March 24 Cargo theft prevention seminar, American Institute of Marine Underwriters and Cargo Security Council of New York and New Jersey, World Trade Centre,656 words
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Article318 1982-03-23 15 AFP TANKER rates slumped o their lowest since 1969 last week, as business quietened down in front of the Organisation of Petroleum Exporting Countries (Opec) meeting in Vienna. Shipbrokers hoped that some clear-cut policy would emerge from the meeting that would stabilise market conditions and encourage increasedAFP - 318 words
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527 1982-03-23 15 Fairplay CONTRARY to earlier expectations, the Europe, Indonesia trade will not see the introduction by mid-1962 of a coordinated, fully-containerised service by the European lines. The announcement that Hapag-Lloyd and Ben Ocean (representing the interests of Ben Line Steamers and the Ocean Group'sFairplay - 527 words
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139 1982-03-23 15 THE INTERNATIONAL Association of Independent Tanker Owners (Intertanko) said more obsolete tanker tonnage should be scrapped to produce a healthier market and promote safety at sea. Increased oil conservation, shorter transportation distances and the general industrial recession have cut demand for tankers, the association139 words
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404 1982-03-23 15 Lloyd's List FLAG of convenience operators could be forced to deposit a multi-million dollar "good behaviour" bond, under a scheme being canvassed among maritime nations. The aim would be to stamp out "fly-by-night" operators, and ensure funds to meet claims such as seamen'sLloyd's List - 404 words
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4855 1982-03-23 20 SCHEDPLE 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 of4,855 words
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Article681 1982-03-23 21 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Date/Time Operator Godowns for LCL Cargo FCL Movement Schedule Mode TW Bridge Selandia Bunga Angsana K. Repin Australia Star Ever Light Benvalla Strath fyne M Emerald Asian Pallas Asian Pegasus Bunga Dahlia Tambang VII Cardigan681 words
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Article1852 1982-03-23 21 The leading shipping lines operating from local ports and their agents. A B A'hlprlega Singapore Shpg Agencies (S) Euro-Asia Une <PN KL PK) \drUUc (MUlirr Continental Feeders (S) Cargo Freight (PK) AFEA Singapore Shipping Agencies (S) Euro-Asia Line (PK PN) Afra-EaraaU Liar Transgroup Pte Ltd (S).1,852 words
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1197 1982-03-23 22 IT IS generally agreed that high standards of safety at sea have to be maintained. Much effort has been made towards this end, most notably by the Intergovernmental Maritime Consultative Organisation. Mr Ralph Maybourne, director and general manager of BP Shipping Ltd,Fairplay - 1,197 words
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528 1982-03-23 22 Lloyd's List A SIGN that the US Department of Justice (DoJ) is relaxing its hard-line attitude to anti-trust laws, to which it has been slavishly dedicated, is being hailed as victory by the Transportation Association of America (TAA). The TAA has wrung an assuranceLloyd's List - 528 words
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189 1982-03-23 22 Reuter THE PHILIPPINE Foreign Ministry has informed the US there is no cause for alarm over the Philippine plan to implement an unbacked cargo sharing scheme, ministry officials said. Under the UN liner code, 40 per cent of export and import cargo mustReuter - 189 words
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386 1982-03-23 22 Business Day THE NUMBER of shipcalls and the volume of cargo handled by the Philippine Ports Authority nationwide have declined, according to a study made by PPA's controllership department. Cargo throughput last year dropped 29.7 per cent from 81.79 million tonnes inBusiness Day - 386 words
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Article, Illustration223 1982-03-23 22 THE PILOT M the Amt* AaU, which nui agnni iff BrUue ea Oct a last year, vu (Mud pdlty gr—mlsesadaet by the Australian («art wt inquiry. Ike eewt alee wtovi that Cap! Gary Cedl Baaaz'i pUet lleeaee be —pfdsd fer three meaths. The eeart said Cap!223 words
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Article, Illustration449 1982-03-23 22 ARRIVALS KEPPBL WHABVEB Arunachal Pradesh (1500) 1/2 Cherry Jaya (0700 after Yuheng) 28 Dong Kwang (1700 tide, after Mock San) 29/30 Iloluta (0700) 20 West Kota Banteng (0700) 10/11 Kota Buana (after Kota Banteng) 10/11 King Bird (0600 after East Rainbow) 27 Rajah Brooke (1300 after Silver449 words
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Article206 1982-03-23 22 THE MAJOR shipping consortia operating between the Far East/Europe, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAB 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.206 words
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Page 13 Advertisements
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Advertisement285 1982-03-23 13 PIL GROUP REGULAR CONTAINER FEEDER SERVICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN GULF AND RED SEA PORTS. SMPago V m LONDON Freights H/HI SHIPPING Events n SHIPPING Schedule vm/IX CONTAINER Schedules IX WHO Acts far Whom IX SHIPS I■ Pert X REGIONAL Weather X285 words
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Advertisement332 1982-03-23 13 SSEALORDU < UASC UNITED ARAB SHIPPING CO SAG* EXPRESS MULTI-PURPOSE SERVICES Loading tor Jubail (26/4), Dammam (30/4), Bahrain (3/5), Kuwait (6/5). Shuaiba (9/5). Abu Dhabi (12/5), Dubai (15/5) Kuwait (17/5), Dammam (21/5), Abu Dhabi (24/5), Dubai (27/5) FULLY CONTAINERISED SERVICE Iraq cargo acceptable intransft Accepting LCI cargo tor Dubai, Kuwait332 words
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Advertisement512 1982-03-23 13 SSD ODESSA M OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd, TEL: *****3 MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U5. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS Vml (Port Kelang Ptnajif Vessel |Bta«aaoralLon 1 10/4512 words
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Page 14 Advertisements
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Advertisement988 1982-03-23 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERN A WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Feed* *P Ma* Vessel B POMGA SM B Pf RMAI B DAMJA 26/3 KOfMGAN B POIAGA 2/4 MHON 8. OMBJA 9/4 SELANUA988 words
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Advertisement175 1982-03-23 14 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA NY«t' USER TBIT 4/4/12 TAIF**, lt/4/12. TO: PANAMA US ATLANTIC EAST CANADA US GULF 14/5 a/5 17/5 ivt I tm TO: CALIFORNIA VENEZUELA EXPRESS CONTAINER SERVICE a/s ton* I IParta •14/4 *14/4 •17/5 *17/5 •17/1 *17/1 a/5 17/5 24/t 17/ I175 words
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Page 15 Advertisements
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Advertisement595 1982-03-23 15 STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok •snunrtw 24/3 01/4 TOM6O HMU M Part (15/4) SHOKAAA MMU 4/4 IS/4 KUUMM MMU 7/4 (01/5) STtATHCONON 14/4 01/5 •SIIATWTTBC* a/4 M/ 5 Mm accaptoic c»fo I* Kwacto. M. QiAin. 1 Mm accaptMf c«rf» Irani PJIM 4 Ptnanf on OCL595 words
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Advertisement529 1982-03-23 15 Franco Belgian Services y f'lH! h t,-\ck Strrxct ith H. '.;ian i-'.tr EnsUrr. /.t*tr< swwa Ftoinaon CMM COT MO IQKMMOWM C.M.C.R. FD I sorwa to khtokakm Spore PKelan I Btona Mserfes Genoa Trieste OCVMOKBOB 27 to 29 Mar 14 Apr 16 A* 17 Apr 22 Apr WVeWC* 3 Apr I529 words
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Page 16 Advertisements
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Advertisement624 1982-03-23 16 JUL Hapag-Lloyd Also accepting transhipment cargo for CARIBBEAN *EST MCMCS »ta Hamburg ■M' W\li ]V. f rw HK Spore P Kelang Genoa Trieste Omliter 0* Hoc 21/3 23/3 27/3 28/3 17/4 22/4 *»a*ca 26 3 28/3 3/4 4/4 22/4 27/4 Maal tone Hn 2/4 4/4 8/4 9/4 29/4 5/5 Connecting624 words
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Advertisement411 1982-03-23 16 p VEGA 171W VEGA 172E KOREA SHIPPING CORPORATION STORE ALTAR 173W Sid P Kelang PENANG Std In Port ALIAS 174E Sid 3-5 Apr 6-8 Apr 9-11 Apr 3-5 Apr 6-8 Apr 9-11 Apr nc KSC KSC KSC KSC KSC KSC KSC KSC ksc KSC ksc ksc KSC ksc ksc AGENTS:411 words
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Advertisement567 1982-03-23 16 0 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE 1 ACCEPTR* Fa t ICI CARGO FOR Spwt MM f (fallow* Mtartan ll Him L«M 24/3 3/4 l«/« l(/« U/4 21/4 21/4 for Meter 2/4 24/4 21/4 21/4 10/4 2/5 Ewr l«|t U/4 22/4 3/5 5/5 1/5 J/5 11/5 also acoptwg ia/fa i567 words
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Advertisement701 1982-03-23 16 Everett Lines! m Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' 1 LOADING FOR RANGOON S'm PJMmi PW*| mmrmt n/v*m M ill 29/31 Ma Jt/77 Mar HTAMTAimtA Jl/7 ftp PACAA H/| TC, k v^c F 3. SC ,H,n^o,o y* 4o BOUSTEAD SHPWNG 4/*****7-PKELANG *****1/8 PtNANG *****1/8 DISCHARGING ONLY A/fcntin* o«701 words
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Advertisement351 1982-03-23 16 OCEAN SHIPPING ENTERPRISES PTE LTD SANKYO LINE JAPAN/STRAITS SERVICE SAWOUMMU AUXBA SAMT SENT ARUM HOCHUN TABNO MARU OCEAN RESOURCES SUN UFE PAZ ESTRELLA OCEAN SMTfINC 4 DITUWUU Pit I TO m a«n44/71 22*137* east um mm, an aw TEL *****4/4*4754 EAST UM 9VPW SON M Itl 3M732/3/7251 wurat tuh a351 words
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Page 17 Advertisements
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Advertisement602 1982-03-23 17 FULL CONTAINER SERVICE TO COLOMBO. HOOEIOAH, JEOOAH AQABA (Reefer Cntrs Acceptable) vessel KOTA BAHABAT KOTA BAH ABA T KOTA BAHABAT KOTA BAHABAT 21W/22E 23W/24E S PORE I COLOMBO I HOOEIOAH IJEDDAHI AQABA 30-31/3 4- 5/5 M/l 13-14/7 Eaaansss 15-18/4 20-21/5 24-25/8 28-30/7 EAST AFRICA/REDSf A SERVICES™~"A In Ft/30 Mar Kandla,602 words
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Advertisement273 1982-03-23 17 f ft JOHORE SHIPPING W 153 JALAN TENGKU BADAR PORT KEI ANG r Jr SELANGOR MAI. AVSIA HAJ SHIPPING SDN. BERHAD Express Unrttoad Service from P. Ketang k East Malaysia A Brunei HAYATI V: 4/S2 HAYATI V: S/S2 HAYATI 6/S2 HAMDAH V: 4/12 HAMDAH V: 5/12 HAMDAH V: 6/12 P.273 words
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Advertisement856 1982-03-23 17 i I tocurope is«in. T BEN LINE CONTAINERS EXPRESS CONTMO SERVICf TO/FROM EUKJPE HBURC BHA YIN RQAAI tMVRf SO TON A«tria Antwarp ITZmuV 24/J 17/4 19/4 It/4 a/4 11/4 v; V 4 »/4 n/4 a/4 a/4 a/4 Hn| R«| Eipreu Inn [qnu Tito firm 17/4 H/4 74/4 a/4 15/5 71/5856 words
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Advertisement697 1982-03-23 17 n,i t X I J l l Wi Scan Dutch 9 EXPRESS CONTAINER SERVICE J£" StoTj IHTatßJir*. J)H-fcr,«)£|»| 1 t** Port I 7/4 U/4 13/4 IS/4 USMS" I* <•*" 7/4 12/4 ansqn SM I *JU«IB9. i*O««GM W, ,4/4 It/4 ANSON 25/3 1 A. PAIIAS 24/3 1 (/I 21/4 x i697 words
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Advertisement528 1982-03-23 17 t f a t 9 r i y. fi >1 V:," if y 4 v x n I i ii r t 1,1 1 d n BOUSTEAD SHIPPING AGENCIES BANK LINE EXPRESS INDEPENDENT SERVICE TO UK H FO.TH.ANK. WL XZ MAp, ,9 M P II X 27 X IVYBANK 28528 words
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Page 18 Advertisements
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Advertisement1225 1982-03-23 18 K KAWASAKI KISEN KAISHA, LTD express container service FHKJt WSSfL STOK MOTtO WSSEL M £MERAID VlO 25 Mar 'VERSAi HUSO N POKER V 6 7 Apr #JAPAI I BROGE V 4 13 Apt WW TO Mm c jfc MLMXIiIM (13 May) t WKOU (19 May) BALTNOK (2? Ifar) •VERRA2ANO BROGE1,225 words
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Advertisement170 1982-03-23 18 E CHAR CHING MARINE CO LTD. CfJJk'lr RED SEA FULL CONTAINER SERVICE STORE C. HOONG. Saied C.LOONG 7 Apr RED SEA/MEDITERRANEAN SEA SEMI-CONTAINER SERVICE store loadmg for CHMG 11 Apr Joddah, Aqaba 24 «pr Joddah, Aqaba. ft. Sudan KAN6 7 May Joddah. Aqaba. fl. Sudan (also accepting broakbufc to Joddah170 words
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Advertisement571 1982-03-23 18 CALIFORNIA/PACIFIC NORTN WIST SERVICE EXPRESS CONTAINER/REEFER SERVICE leaM* lar lOS ANOUS SM FRANCISCO SEATTLE 7ACORM VANCOUVER B C Accapteij FCL/FCI CertaeMn MStMA Wit *?f« t AUSTRALIA EXPRESS CONTAINER SERVICE kcqrtni fa/Fa Mmn iMPamnr *"2? «T. •MMIBOJ 75N« 771b, )o>p( Ji4j(( K ?Ma, lib, 10 Ma, Frem/Bns mmitmr ntt*, 2? Ma,571 words
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Advertisement644 1982-03-23 18 KORINS MARITIME SERVICES IS Room 601. ICB Building. Shenton Way Singapore Tel *****22 *****67 p Kelang Tel *****4/*****5 MIDDLE EAST/RID SEA/EUROPE SERVICES Spore SUN RIVER 31 Mar BUNGA VANDA 10 Apr UNN6SBON 12 Apr ASIA MOfE 12 Apr BUNGA ARANOAIS Apr P. Kelang Loading For: Bandar Abbas/6 Khomeni Dubai/Kuwait/Muscal Bandar644 words
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Advertisement785 1982-03-23 18 INTRASEA (PTE) LTD. Suit»* 2616 InT*- rnational P'.i/.i Anson Singapore 0207 Tel *****1 1 |IQL n.-si voIABIA&IJri BREAKBULK SERVICE TO EUROPE/UK S parc P. KiUnt Loadi* far f «W»0 1 Apr M Mar BOULOGK/RDAM/UK (AVON) at Keti Kinatoafa t Samarnda Singapore Loadng for: A. FKLITY ¥¥B 123— 30 Mar Jeddah/Llmassol/Mseies/785 words
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Page 19 Advertisements
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Advertisement682 1982-03-23 19 NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): TW BUDGE 10W C CONTMNER 15#+ K lACEWON 17*. M GARNET 9# MERCATOR 25W K JACEJM 14N Also accepting cargo to/from Scandinavia C CONTAINER S pore Closing Times: FCI Cargo 2000 28/3 LCL Cargo 0800 28/3 FROM EUROPE (VIA SUEZ) K JACEJM682 words
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Advertisement777 1982-03-23 19 MALDIVE LINES ET* ETA ETA SPORE KIMOTAN PORT KELAN MALDIVE GRACE Sailed Sailed Sailed Loading For Jeddah MALDIVE PLEDGE 25/3 Loading For Jeddah MALDIVE UMTY 2/4 Loading For KARACHI MALDIVE CAMMED 30/3 Loading For Male MALDIVE MPORTEX 10/4 Loading For Male MALDIVE NAVIGATOR 15/4 Loading For Karachi/Sharjah MALDIVE PIONEER 5/4777 words
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Advertisement811 1982-03-23 19 SINSOV BUILDING 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SMSOV SINGAPORE Tetei Numbers RS ***** RS ***** RS ***** 1/5 SHARKAT NAM SOON SON BM> IST AND ?NO FLOOR NO 1 JAIAN CEMff NMG PORT KIANC MALAYSIA Tel *****6/8 Trtei No ***** ICSSftS HM THONG811 words
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Advertisement86 1982-03-23 19 P.E.A.C.E. PTE L MOUNT FABER ROAD *****88/9 REGULAR FCL/LCL SERVICES TO AUSTRALIA, BANGKOK VESSEL ETA DESTMATHN PEACE I 27.312 SYD. MLB. BMS. ADEL PEACE I 30.3.82 SYD. MLB, BMS. A 0& PEACE 7.4.12 SYD. MLB. BUS. ADEL PEACE A 27.3.12 BANGKOK PEACE B 3.4.82 BANGKOK A Flw, MNB BvlMlsg, j,86 words
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Page 20 Advertisements
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Advertisement725 1982-03-23 20 SSC Group SINGAPORE SHIPPING CORPORATION PTE LTD JOfMfIOOH (X (AN BUIL IXNIi SINuAPOHI 0104 MAHKttING |J liN'bl CENEHAI 9UIIII 22 LINE'S) 'Ht* RS .'4S9S RS vsst.B A d C AHSHIP CABI E CAHGOSHIP •■mil ii lte«|i<nial 1.1.P Contsiiiier Lilies 2 SAILINGS A WEEK to/from BANGKOK BERTHING NOON TUESDAY AND NOON725 words
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Page 21 Advertisements
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Advertisement249 1982-03-23 21 EGYPTIAN INTERNATIONAL LINE (EILI EGYPTIAN FLAG SINCiSP' ,r f h SHIPPtWG PTf ITD !119 Wnrlrl lude Centre Mirftn* Squjrr S poff 0409 Hi RS .nOW Tfl *****1 1 ?735J81 ."3538? «IU M* »»Sl* HS H iMi Sdr Bhd *1 Tel *****3 4860?/ Pt Krl Id 3869% 111 3971S Penjnj If!249 words
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Advertisement447 1982-03-23 21 CARGO SPACE AVAILABLE ON LINER VESSELS LOADING FOR CHITQG, CALCUTTA, MADRAS, COLOMBO, BOMBAY, KARACHI, HODEIDAH, JEDDAH, DAMMAM, KUWAIT 4 INDONESIA INDOGULF FREIGHT SERVICES TEL *****00, *****01 TELEX: RS ***** INDGUL TIGER EXPRESS LINE E*m> Wnct to CHTTkGONE I CJtICUTU CMMM TrM ETA tm ammu mm ivt m/ji am*** t c*.n»447 words
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Page 22 Advertisements
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Advertisement177 1982-03-23 22 yy MAGNA MARINE LINES LOADING FOR SOUTH AFRICA 28/3 31/3 REUNION DURBAN CAPETOWN Vessel Spore PKelong Dischg BESSANG 28/3 31/3 REUNK V°V Oil D URBA BLT 1975 CAPET MAGNA VOY 012 25/4 28/4 d MAGNA VOY 013 25/5 28/5 d Accepting Containers GENERAL AGENTS MAGNA SHIPPING PTE LTD 11th Floor,177 words
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Page 22 Miscellaneous
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Miscellaneous141 1982-03-23 22 Regional Weather 21 B rv h' A. Sif 4: r>i I $^*1 v.**#? lV LL?£ BKJNHTCANT WEATHER ANO SEA CONDITIONS AT 7.30 AM. THIS MOfllMMa LEGEND* R Thunderstorm Temperature °C Temperature v, x" y Shower Weather Wind direction with iprrrl in knots R*in CJ Cloudy Sky W,v Swtnee «Ui are141 words
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