The Business Times, 25 March 1982

Microfilm: NL11886
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 THURSDAY, MARCH 25,1182 60 CENTS
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  • Article
    Hyundai signs $475 million Marina contract
    347 1  -  By BERNADETTE CHOOI HYUNDAI Construction Company of South Korea will build the superstructure for the Marina Centre for $475 million. A notice to proceed was signed yesterday between Mr Lee Myung Bak, the president of Hyundai Engineering and Construction, and Mr Robert lau, the
    347 words
  • Article
    Sumitomo president to attend meeting
    239 1 A HIGH-POWERED delegation from Sumitomo Chemical, headed by its president T Hijikata, will attend the annual general meeting of the Petrochemical Corporation of Singapore (PCS) next month. Mr Hijikata, who is the deputy chairman of PCS, will be accompanied by Sumitomo's senior managing director, D
    239 words
  • Article
    Two-for-five bonus issue from OCBC
    541 1  -  By MAUDRENE NITHIANANDUM OVERSEA-Chinese Banking Corporation (OCBC), the last of the local Big Four banking groups to release its results, yesterday announced a two-for-five bonus and a bonus dividend of 8 cents per share on top of a final dividend of 8 cents per share.
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  • Article
    Lock icon Bangladesh army chief seizes power
    156 1 Reuter BANGLADESH army strongman LieutenantGeneral Ershad seized power yesterday in a military coup and said he had taken over because of corruption in public life and a power struggle in the ruling party, Bangladesh Radio reported. In a national broadcast after the military takeover was
    Reuter  -  156 words
  • Article
    Sun Hung Kai wants to set up offshore bank
    622 1  -  By MANO SABNANI THE newly formed Sun Hung Kai Bank of Hongkong wants to set up a banking base in Singapore. Application has been made to the relevant authorities for a licence to establish an offshore bank or, alternatively, a representative
    622 words
  • BRIEFLY...
    • Article
      Lock icon Permission for Dawe
      79 1 AP HONGKONG, Wed. Former Singapore financier Amos Dawe has been granted permission by a high court today to leave Hongkong for a business trip to Europe. Bail was set at HKJSO.OOO. Mr Dawe was acquitted last November on fraud charges involving a HKJ92 million stock share deal
      AP  -  79 words
    • Article
      Lock icon ACC-TVW merger
      65 1 Reuter LONDON, Wed. The proposed merger between Australia's TVW Enterprises Ltd and Associated Communications Corp Ltd (ACC) will not be referred to the Monopolies Commission, the trade department said. TVW, which already owns 53 per cent of ACC's non-voting capital, has formally proposed two bids for the rest
      Reuter  -  65 words
    • Article
      Lock icon Counterfeit money
      60 1 AP BEIJING, Wed. Police in the Chinese Fujian Province have arrested a Hongkong man who brought in counterfeit Hongkong money with a face value of US$l7,150. The official Xinhua News Agency said Pan Tieh-Min, 29, was arrested after he was caught trying to sell the counterfeit money. He
      AP  -  60 words
    • Article
      Indonesian oil
      105 1 JAKARTA, Wed. Natomas International Corp of the US has announced the discovery of a 12th offshore oil field in its south-east Sumatra contract area. The Sundari field was confirmed with the drilling of two wells which tested at rates of 973 and 327 barrels per day. Meanwhile, Japan,
      105 words
    • Article
      Lock icon Palestinian killed
      46 1 AP JERUSALEM, Wed. Israeli civilians shot and killed a Palestinian youth in the occupied West Bank today in the sixth consecutive day of anti-Israel demonstrations in the occupied territories. The military said the civilians opened fire when their car was stoned by demonstrators. AP
      AP  -  46 words
    • Article
      Lock icon Brezhnev's plea
      63 1 Reuter MOSCOW, Wed. President Brezhnev appealed to China today to end two decades of hostility between the two countries, and said the Soviet Union is ready for concrete steps to improve relations. Speaking in the Soviet central Asian city of Tashkent, not far from China, Mr Brezhnev said
      Reuter  -  63 words
    • Article
      Lock icon Rice mission
      60 1 Reuter BANGKOK, Wed. Commerce Minister Punnamee Punsri will leave for West Africa by the middle of next month on a rice selling mission. The countries to' be visited are Mali, Gambia and Ivory Coast. The Thai mission will offer them low grade rice such as white rice 25
      Reuter  -  60 words
  • Article
    Plan for compulsory health savings scheme
    261 1 SINGAPOREANS seed m t Isager wsrry absat the rMag east af health «arc wrvteM. Health Mlalster Mr Gsh CM Tm« said yesterday that he plan to lstredsce a csmpalssry health htlags scheme to «Mn that Hlagspsressa eaa affsrd to pay tor health ewe. He
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  • Article
    Diplomatic mission in Brunei in '83
    514 1  -  By ALMA KHALIK SINGAPORE will be opening its 20th diplomatic mission overseas, in Brunei, next year. In addition, over the next few months, career diplomats will be appointed to head the missions at Manila, Geneva and Bonn. Mr S Dhanabalan, Minister for Foreign Affairs
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      233 1 Car Audio Specialist FUJITSU TEN LIMITED Bjsaaa: LEONG Huat shareholders asked to return share certificates so that new ones could be issued Page 12 OVERSEAS Union Enterprise, the hotelowning subsidiary of the OUB group, is well poised to diversify further in the near future Page 11 TO AVERT what would
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    • Advertisement
      Page 1 Advertisements Column 2
      33 1 cargo? Singapore New generation features 14 storeys, 100,000 sq. metres 2 container hoists, 14 high speed lifts Containers unstuffed on your floor Central location (River Valley*Rd, outside CBD) Competitive rental rates fO p
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    • Advertisement
      Page 1 Advertisements Column 3
      42 1 i 71- i! AIRGONDITIONING, CASSETTE/RADIO AND CASSETTES, AUTOMATIC AERIAL, STEEL BELTED RADIAL TYRES, STREET DIRECTORY, PARKING COUPONS, BUMPER OVERRIDERS, UMBRELLA, TORCHLIGHT. IS ALL THIS UNHEARD OF IN A RENTAL CAR? The car rental company you ve never heard of. Phone: *****30,*****24,*****7. (JWT)IOB3F
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  • BANKING AND FINANCE
    • Article
      Lock icon Two US savings banks to merge
      771 2 NYT TO AVERT what would be the biggest bank (allure in America's history, the Federal Deposit Insurance Corp (FDIC) will merge the troubled New York Bank for Savings into the Buffalo Savings Bank this weekend, banking observers said. The merger will add US$3.4 billion
      NYT  -  771 words
    • Article
      Lock icon America moves to attract deposits
      636 2 NYT IN AN EFFORT to help savings institutions and banks attract deposits, US federal regulators agreed on Monday to let them issue threemonth certificates on which the interest would be tied to the yield on three-month Treasury bills. Depositors would have to put a minimum
      NYT  -  636 words
    • Article, Illustration
      TOWARDS EXCELLENCE
      297 2 WHEN Paul Anderson took to the stage early this month, he gave the entire audience at the Life Underwriters Association's (LUA) annual congress a very big surprise. Not only did he emerge from almost out of the blue, he pulled off a bag of tricks that made his
      297 words
    • Article
      Lock icon Luxembourg unhappy
      357 2 Reuter PROPSPEROUS Luxembourg, angered by Belgium's devaluation of their common currency, is investigating the possibility of ending the 60-year-old monetary union between the two countries. Belgian Prime Minister Wilfried Martens and Luxembourg Prime Minister Pierre Werner will meet in Luxembourg today to discuss the smaller nation's demands for
      Reuter  -  357 words
    • Article
      Lock icon Parity of franc to be defended
      494 2 Reuter FRENCH Finance Minister Jacques Delors said a new franc devaluation is not justified and the currency will be defended at its current parity in the European Monetary System (EMS). In a statement released by the finance ministry, Delors said all speculation against the
      Reuter  -  494 words
    • Article
      Lock icon BONDS AND LOANS
      721 2 Reuter SEKISUI Prefab Homes Ltd, Osaka, will issue the firstever foreign warrant bond issue on the public Swiss capital market early next month, lead manager Union Bank of Switzerland said. It gave no further details. Bond issues with warrants for separate trading have been a familiar feature
      Reuter  -  721 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        448 2 TRADING was quiet on the foreign exchange market yesterday The American dollar weakened against the yen but strengthened slightly against most major currencies. Against the local currency, the US dollar opened at 552.1230/40. Trading stayed at the opening level (or the best part #f the day before hitting
        448 words
      • Article
        Tokyo
        147 2 THE dollar for overnight delivery in Tokyo yesterday closed at 243.05 yen, unchanged from the midday close but weaker than the 243.50 opening, dealers said. The dollar closed overnight in New York at 244.05/ 20 and in Tokyo on Tuesday at 245.65 yen. Trading was fairly active on a
        147 words
      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.85 per cent.
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      • Article
        ASIAN $ RATES
        184 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on Mar 24: U8 Dollar*!Spot) Offer Bid 7 days 14* 14* 1 month 14 9/16 14 7/16 2 months 14* 14* 3 months 1413/*****1/16 6 months 14* 14* 9 months 14 13/*****1/16 12 months 14 13/1614 11/16 Dm 8w.Fr*. (Middle
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      • Article
        Discount
        44 2 RANGE of price* offered by discount house* oil Mar 14: Overnight: 3V4* Call deposits: 39 to 3>4% CMM B.yimf SeUiBg 3-month Treasury bills 3h 3H 3-month Bank bills 9H 8* 3 months CD 8* 0 months CD 8* 8h Source: National Discount Co
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      • Article
        Treasury bills tender
        43 2 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $130 million 91-day Treasury bills to be issued from March 29 to April 2. Each tender must not be for less than $250,000.
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      • Article
        Gold
        267 2 SINGAPORE gold futures yesterday closed generally firmer on buying and shortcovering interest supported by stronger overseas gold prices, dealers said. Trading was moderate with total sales for the day recorded at 101 lots while kerb volume at 68 lots with interest spread over the months from April right up
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      • Article
        Silver quotes
        35 2 TM Mm New York T.XSB 7 JOB 7.23S 7.Z7S Zurich 7.25B 7.07B 7.35S .i 7.17S TSingapore WM 7.1SB 7.188 7.25S 7.SS Poring price* in US dollars a tray ouno Source: Credit Suisse, S'pore.
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      • Article
        London
        101 2 THE dollar in London yesterday continued to ease at a quiet start to trading. The dollar's tone gave breathing space for the ailing Belgian and French francs, which were nvertherless still under pressure against their EMS partners. Sterling continued to show resilience, gaining against the dollar and opening generally
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      • Article
        HONGKONG
        173 2 THE US dollar in Hongkong yesterday traded narrowly mixed against major currencies in quiet, late trading. The US unit was governed by technical factors with Asian dollar rates virtually unchanged most of the day and no other factors in the market. The dollar edged up to 2.3775/85 marks from
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    • Article
      Congress urged to act on bond authority
      239 2 A SENIOR U8 Treaaary Department iffleUl irged Ceagreaa te expedite the Treuvy'i peatfag reqaeat te repeal the 4.25 per eeat latereat eelltag ea leag Depaty Aastetaat Treaaary Secretary fer Federal Plaaaee Mark Stalaeeker teM a Heaae haaklag sabeemmlttee that eeagreaataaaJ taartlea ea the
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    • Article
      PRIME UP
      43 2 CITIBANK aid Buk America raise their patoe kwUig rates, by k&lf sad quarter sf i percentage psist respectively, to II per eeat, frssa May. Hie stfcer loaJlsg Americas baak, Chase Maafcsttas Baak, Is still hsMlag Its rates at IV per eeat.
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      166 2 J#U Banco Ambrosiano Via Clerici, 2 ***** Milan (Italy) The board of Directors, which met on March 10th 1982, examined and approved the 1981 Balance Sheet which wiii be presented at the forthcoming Shareholders' meeting. Lasjl results were highly satisfactory and can be broken down as follows: ■> 1 -v
      166 words
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  • TRADE AND INDUSTRY
    • Article
      Seminar on management by objective
      280 3 MANAGEMENT by objective (MBO), a vital manj, agement tool, is the subject .k of discussion at a two-day seminar (March 24 and 25) organised by the National Productivity Board at the Ming Court Hotel. In his opening address at the Productivity through Management by Objective
      280 words
    • Article
      Bousteadco venture
      166 3 THOMAS Cook and Bou- steadco have formed a jointventure company to merge their travel and banking business. Called Thomas Cook Bou- stead (TCB), the company will start business next month. Its paid-up capital will be $L 5 million. Bousteadco's subsidiary, Boustead Shipping Agencies, will hold 55 per cent
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    • Article
      Shortage of electronics servicing workers
      244 3 THE shortage of qualified electronics nuliteauce workers Is a major hindrance to companies' efforts to computerise and alternate. This was brought up at a meeting between beard members of the Vocational and Industrial Training Board aad top loeai industrialists la the machining aad tool aad
      244 words
    • Article
      Computer Board study awards
      392 3  -  By WONG SOUK YEE AS A measure to increase the number of computer professionals, the National Computer Board has given awards to 12 students to study computer subjects at overseas universities. The awards will cost about 1300,000 per year and the board has applied to the
      392 words
    • Article
      UE may produce scaffolding
      377 3 UNITED Engineers may consider setting up a factory to make steel scaffolding here if demand justifies it. UE's scaffolding consultant in the general engineering department, Mr Alan Green, said that in about eight months' time there will be substantial business to warrant manufacturing the scaffolding here.
      377 words
    • Article
      MEMO PAD
      534 3 SEMINARS AND COURBES March 1-May 6: Certificate in Computer Programming Part I COBOL Programming, NPB, NPB March 6-May 22 (Saturdays): BASIC programming for Beginners, Waterloo Centre, Department of Extramural Studies, NUS March 9-Aprii 1: Microprocessor Module H M6BOO, NPB, NPB March 10-31: Air-Conditioning ft Refrigeration, NPB, NPB March
      534 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      40 3 I FromTue Mar 30,1982 Singapore to Riyadh and Jeddah Every Tuesday and Friday at 3.25 pm v P f^v"? bet m i* r Eel: iSSr# >- < <S mmtmfgfr. ..i-imMmmimm irj—Q 747 and Tristar service on international routes. Welcome to our world
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  • OVERSEAS
    • Article
      Lock icon Property market in HK expected to consolidate
      397 4 Reuter HONGKONG'S property market is expected to coo- > sottdate for the rest of this year, with prices fluctuating I within a range of 10 per cent above to 30 per cent below 1981 prices. There should be a more definite upward trend
      Reuter  -  397 words
    • Article
      Lock icon China building 31 tourist hotels
      198 4 AP CHINA Is building 31 new tourist hotels, including 12 with foreign investment, and should be able to accommodate about 900,000 more tourists a year by 1985. The official Xinhua New* Agency reported on Tuesday that I.IS million tourists visited China last year, nearly double
      AP  -  198 words
    • Article
      Lock icon Fresh Chinese interest in foreign investment
      719 4 NYT IN A major new bid (or Western capital and technology, China is inviting foreign businesses to invest US$9OO million to help develop 130 industrial projects. Interested investors will be invited to discuss the projects, which involve both heavy and light industry, at an
      NYT  -  719 words
    • Article, Illustration
      Lock icon French farmers seek redress
      212 4 Reuter ABOUT IN,IN Preach Fanner* nanM threagh Parte ea Taeeday imiii lag argeat geverameat The leaaiastratsrs, repre■eattag abeat eae la It Freaeh tanner*, staged their ahew el rix day* hefere a emdal aieetFr—Mil Ceaunaatty agrlealtaral prices. The taraaer*, led by Fraaeei* OaMaaae, leader sf the big
      Reuter  -  212 words
    • Article
      Lock icon Congress may not pass Reagan's budget
      263 4 NYT THE ranking Democrat on the US Senate Budget Committee said he doubts that Congress will be able to pass a formal budget for fiscal 1983 and predicted that government will end up being funded by a resolution that merely continues programmes at their
      NYT  -  263 words
    • Article
      Lock icon US inflation rate falling faster than expected
      584 4 NYT The US inflation rate, reflected in the rise of only 0.2 per cent in consumer prices last month, is falling faster than the administration and many private economists had anticipated only a few months ago. This is primarily because the recession has
      NYT  -  584 words
    • Article
      Lock icon Banks to resist Poland's request for rescheduling
      318 4 Reuter BANKS involved in the rescheduling of Poland's debt would resist any request by Poland to reschedule commercial interest payments due in 1962. They were responding to a report from Warsaw quoting the Peasants' Party daily Dziennik Ludowy as saying Poland wanted to
      Reuter  -  318 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      400 4 1 1 flSiSllifl Jftrf^Kji^KrW^a j[**P* laii^i DEPARTURES Service Local Operator Number Time For MAS MH6G2 0015 KUL PAA PA006 0730 HKG/SPO/NYC MAS MH12A 0800 KUL THAI TG4Q2 0830 BKK SIA SQ192 0830 PEN GIA GA961 0830 HLP SIA SQ1Q2 0845 KUL CPA CX712 0655 BKK/HKG JAL JL714
      400 words
    • Article
      Lock icon French proposals on sea-bed mining
      233 4 UPI FRANCE has introduced proposals aimed at rigid control of mining of the sea-bed riches immediately a treaty governing use of the world's oceans is in force. A spokesman for the UN Law of the Sea Conference said the 7-point French paper was well received
      UPI  -  233 words
    • Article
      Lock icon Japan promises to open markets further
      326 5 Reuter JAPANESE Foreign Minister Yoshio Sakurauchi, calling for a strengthening of free trade, has promised US officials his country will move further to open its markets to foreign imports. Giving an account of his two days of talks in Washington, Sakurauchi told a press
      Reuter  -  326 words
    • Article
      Lock icon Nigerian ban on letters of credit
      609 5 Reuter, AP NIGERIA, faced with a slump in oil revenues, effectively suspended almost all imports on Tuesday by denying banks permission to arrange financing. It is understood that Nigeria's central bank told banks operating there that they could issue no more letters of credit,
      Reuter,; AP  -  609 words
    • Article
      Lock icon American Express to sell headquarters for US$240m
      584 5 NYT THE American Express Co has agreed to sell its Lower Manhattan headquarters for US$24O million and to sign a 35-year lease worth more than $2 trillion on a building to rise in Battery Park City, also in Lower Manhattan. American Express made
      NYT  -  584 words
    • WORLD IN BRIEF
      • Article
        Lock icon TAX EVASION
        396 5 Agencies CHINA has launched a campaign to stamp out tax evasion which the Finance Ministry estimates has cost the country 1.3 billion yuan (about US$7OO million) since last May. The Beijing cabinet has called on government officials to be stricter in granting tax exemption to state and collective
        Agencies  -  396 words
    • Article
      Macau in bid to be an industrial and financial hub
      344 5 MODERNISATION in China and the industrial overspill from Hongkong are inducing changes in Macau's economy that demand massive development in infrastructures. There are plans afoot to turn the idyllic economic backwater of Macau into a modern financial, commercial and light
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    • Article
      What British companies may have lost out
      290 5 BRITISH investors and companies may have lost the opportunity to win contracts worth "tens of millions of sterling" in Malaysia because of the Malaysian Prime Minister's directive of last October requiring his department's approval for any purchase from Britain. However British officials said
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      84 4 I WM THE SWEDISH CONNECTION AN INDUSTRIAL DISPLAY 35 COMPANIES FROM SWEDEN PRESENTING BUSINESS OPPORTUNITIES AT CENTURY PARK SHERATON, SINGAPORE (CONNAUGHT ROOM) MARCH 24-26 BETWEEN 11 AM AND 7 PM BUSINESSMEN ARE WELCOME Untt of butfcw Building materials equipment Cargo materials handling equipment Environmental equipment Fire protection equipment Hydraulic products
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      85 5 E Mansfield offers you a grand 22-day package of luxury and adventure •Experience the Midnight Sun and enjoy the many attractions of Norway. Sweden, Denmark and London. •Spend 8 luxurious days on board the OE2, the greatest ship in the world and a grand 14-day tour of Scandinavia and London.
      85 words
    • Advertisement
      Page 5 Advertisements Column 2
      446 5 A 4 ii rn v» sn HIS 4^ ft P -i Occasionally, very occasionally, a unique residence is offered for sale in one of the world's great capitals. Now it happens in Paris. Passy Kennedy is more central than the Eiffel Tower; the Seine flows past your window. It is
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        264 6 MAR 23 Frs CORBEILLE Alr-LIquide B S N Qtmls Dftnone C 8 F (Thomson C>f) Cle Francalse des Petroles Compacnie Financiers Compafnle Oenerale Credit Foncler De France Hachette (Llbralrle) Machines Bull Mtchelin (B) Paribas Pechtney Cl(lne Kuhlmann Peugeot Philip* (Nv Qem Be tit) Pr in temps S A Rhone-Poulence
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      • Article
        Brussels
        100 6 MAR 23 Fri FORWARD MARKET Accc 300 7 Arbed 1420 -30 Aatur 427 47 Bructn 862 12 Bnj-Lamb 1440 •10 Can par 1310x0 80 Cock MB 44 D* Been M0 49 Ebei 1966 4 10 Electrobel 4430 8b Ob-lnno-Bm Z30G 4 10 Qev 1750 .10 Hobo* mn 4 100
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      • Article
        Frankfurt
        227 6 MAR 23 Dm Aej-Telefunken «3 go 04 A*»o a 10 unch AUf Leben 1100 00 Allx Vers 466 00 3 BASF 135 JO 01 Bay H T Wbank Bay Vbank ***** 217 00 ♦u -J Bayer ***** 14 BBC 211.00 -0J BMW 214 00 0J Caaaella M0 00 >6
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      • Article
        Zurich
        189 6 MAR a Frmnct AcUons Suttaet Alutuitte Br Alutuitte Kef Brown Boverl Br Clb« Oelgy Br ClbA G*ify P C Ml ST5 225 1080 iao mo s 15 unch TO 35 30 Clbm Ciel® Dm Crrtlt Sultte Br Credit Sultae Ke» Drtironu Br Ocorc* rucher Br Olotoui Pc sn iiao
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      • Article
        Amsterdam
        170 6 MAR 23 Fls ABN 286 50 4.5 Ah«irt 19.70 22 Ak*o a 90 0.2 AMEV 8010 0.7 Amfu 70 JO 18 Amrobnk 50 80 -0.2 Btrfoii Berk 22.80 02 Bol* 9050 0 5 BorsumiJ 96 00 4 Burhmann 41.20 12 Caiand l 34.80 unch Calve Delft 211-20 52 Deli
        170 words
      • Article
        Milan
        107 6 MAR 23 Lire Bastofl 22S 8 Bel Central* Ord Cond Acqua Roma EridanLa ***** 5798 ***** 350 9 1 180 rut Ord Z iS° -30 General! 1S285C -1751 Otm 3256 -15 If) Priv 4)» -178 Invest 318® -22 I talc* menu Ovd IUL1|U 400%0 1048 -280 14 Le petit
        107 words
      • Article
        TORONTO
        206 6 war 23 CI ADItlbl Alcan Alfoma Ban* Mont Bank Nova Scotia Bell Tel Beth Corp BP Can Lid Braacan Camp DM Lake Can Imp Bk Can par Canpar In* Pt Carting O'Kevfe Comlnco Con* BaUi Con* Marbrnor Uankoe Urnlson Don) StorM 19 DS M Bh S I» Z n
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      • Article
        JOHANNESBURG
        291 6 MAR 23 Rand INDUSTRIALS A Alpha 380 Abereom 280 unch AE And CI no -10 AMIC y«sn -SO Barlows 806 ♦10 1800 600 unch Curne Pininrt 230 unch De Bern ind Edcon 1400 8700B Edgars Ever*adv Ted Vol* H 380 -10 Pufll 230 Oardian Gienanl Oraiemn 1051 Hippo Hlveld
        291 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      193 6 Where to wine, dine and entertain Don't leave home without it. To apply for the American Express Card Ca11:*****33 m Idealjbr picnics cffice funches A packed meal for VotpfpnSnacfiShop All sensed with pickle and plain rice Delicious Nonya Packs available 7 days a week from 11 am to 2 pm.
      193 words
    • Advertisement
      Page 6 Advertisements Column 2
      166 6 lubertutf ®rill For lunch. For dinner. For a richly rewarding experience. Also Businessman's I.unch Monday t'> Friday >22 ;i(i 10"i> st'ivu t v h<uq»' Vi Javanese R'istaffel Buffet Saturday $22 "><> 10 V, service charge W Special Sunday family Brunch >24 Oo I 0'». service chanje ,> s ,11(11,1: >12
      166 words
    • Advertisement
      Page 6 Advertisements Column 3
      191 6 See Page 7 for New York prices and Page 15 for Asian stocks TIVE Continents R t s T A i rant Before you fly away to foreign lands, check-in your bags then seek out the Five Continents Restaurant. Relax in intimate surroundings and wine and dine on the most
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    • Advertisement
      Page 6 Advertisements Column 4
      168 6 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 l**st Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for an evening to remember.
      168 words
    • Advertisement
      Page 6 Advertisements Column 5
      236 6 Itfc as good as going to Bangkok. x "*>) a* > Mr Crab, Mr Lobster Miss Fish have moved to our new and convenient location at Lower Ground Floor (Penang Road) with effect from Ist March 1982 A tasty new menu; and comfortable new surroundings and of course, the usual
      236 words
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  • Article
    Market higher
    1047 7 NEW YORK STOCKS LOWER INTEREST rates and a variety of technical factors caused the New York market to close higher on Tuesday for the fourth day in a row, the longest stretch of gains this year. The Dow Jones industrial average rose over seven points to 826.67, finishing
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      504 7 COFFEE: Robusta coffee futures yesterday were at or near the days lows at midday but still up on Tuesday night's close, between £17 and £6 a tonne above Tuesday's final levels in the more actively traded positions. Volume totalled 1,395 lots, including 151 crossed trades and 19 options.
      504 words
    • Article
      PALM OIL
      158 7 THE Kuala Lumpur palm oil market yesterday remained steady in late active trading after easing from earlier highs on reports of a coup in Banglasdesh and that Nigeria had effectively suspended imports, dealers said. South slipped to finish unchanged at Ms94o a tonne in March but April was
      158 words
    • Article
      SOYBEAN
      125 7 SOYBEAN futures in Chicago on Tuesday retreated late, in what traders called a technical consolidation of the recent uptrend. Prices settled down two to V« US cent a bushel. The market received chart support in afternoon trade around last week's May based high of 634 v» cents. Soybean product
      125 words
    • Article
      Produce exchange
      174 7 CHINESE Pradaee BnkMge, fflsgspsn, mm eMig prim per 1» kg yesterday. Caesaat ad: Bulk fob $96.00 sellers, old drum (in second hand drum) fob $108.00 sellers, new drum fob 1112.00 sellers. Csfra: Mixed (loose) $45.00 buyers. Pepper: Muntok white pepper fob Asta NLW $375.00 sellers, Sarawak white pepper
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    • Article
      TEXTILES
      202 7 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattsa yrm: China Blue Phoenix 20b 2,400; 32s 3,100, 40b 3,180 (per bale of 400 lbs). Pleee gssis: China But- terfly and Globe brand unq; i Dragon Head unq; Five Lambs unq; Flower
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    • Article
      RICE
      323 7 BINGAPORE: Yesterday's closing prices in S$ 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, Special
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    • Article
      RUBBER
      168 7 RUBBER prices in Singapore yesterday closed slightly higher with April One RSS buyers quoted at 189.00 cents per kilo, up 2.50 cents from Tuesday's close. Morning prices were marked up slightly on higher London advices, trade buying and speculative covering. In Kaala Lampar, Malaysian rubber market rubber prices continued
      168 words
    • Article
      RAS PRICES
      334 7 RAS prices in cent* per kilo yesterday Nam (per kilo) Buyers Sellers Int. 1 R.S.S prompt t.o.b. 186 50 117 JON Int. 1 R.S.S April m.00 UB.SO lot 1 R.S.S. May 182 50 1*3 00 Int. 2 R.S.S. 173 00 174.00N UK/COM ***** 173.00N int iR.S-S moo m.toN
      334 words
    • Article
      Straits Tin
      37 7 THE STRAITS tfa price la Pmm| yesterday held steady at M$StJ4 a kite, within the ITA lewer teeter M $29.15 and 532.9 C. Taraever drapped te 2» teaaes tram 244 aad there was m rattealag.
      37 words
    • Article
      CLOSING PRICES
      32 7 Rubber: Mar 24 Singapore: April: 189.00 cents (up 2.50 cents) Malaysia: April: 208.50 cents (up 1.25 cents) Tin: M 530.34 per kilo (unchanged) Official offering: 231 tonnes (down 13 tonnes)
      32 words
    • Article
      WHEAT
      117 7 WHEAT futures in Chicago on Tuesday closed up 2V4 US cents a bushel in nearby May, to off as much as 2Vi cents in other positions. Follow-through exporter pricing late, believed to be for scheduled tender business, held nearby May on the plus side. Trade anticipation over Algerian wheat
      117 words
    • Article
      Lock icon Tin body gives W Europeans time to think
      335 7 Reuter THE International Tin Council on Tuesday gave West European consumers more time to consider their opposition to new measures aimed at stabilising world prices. ITC delegates said a special meeting of the council, considering ways of strengthening the tin buffer stock,
      Reuter  -  335 words
    • Article
      SSR and SMR
      119 7 NOON SSI I sad SMR prim r—> latdajr ■AS April ICVTMI 1 Bmymn Sal 1(7-00 164.00 April 197-SO 197 A) 188-40 UNQ 186-00 Itk) Mar <»arw«»4 Bmyn (a 166-00 1*6.00 M«r 199.SO ***** 190JO UNQ 187.00 Mtkl SSH SSR50 MIILB SMRCV SMRL SMR 6 SMR CP SMR
      119 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      75 7 restaurant Try our sumptuous delicacies from the Hunan Province. Renovated additional new car park now ready for use 214 Dunearn Road. Singapore 1129 Tel: *****49,*****22 tea 03 Dining at Raffles Enjoyable, unobtrusive, romantic For business or for pleasure PALM COURT Dine by candlelight in a charming garden setting ELIZABETHAN GRILL
      75 words
    • Advertisement
      Page 7 Advertisements Column 2
      181 7 sv at lW- i/S' %ip i s v i f .••<.*•/ i 830 am Now you can fly Thai to Bangkok on any of our three super flights. One leaves at 8.30 a.m., the first daily flight to Thailand. You'll reach Bangkok after, a magnificent breakfast, with a full day
      181 words
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  • Article
    A nightmare on the birthday of a dream
    553 8 TWENTY-FIVE years ago today, amid much pomp and circumstance, the leaders of six European nations signed the two Treaties of Rome, the more significant of which set up the European Economic Community. It is a treaty which has been much maligned, mostly
    553 words
  • Article, Illustration
    Lock icon ARMY'S BLEAK LEGACY
    1613 8  -  By DAVID BUCHAN,CHRISTOPHER BOBINSKI FT GENERAL Wojciech Jaruzelski has marched soldiers up to the top of the hill and, someday, somehow, he is going to have to march them down again. Poland will not stay a military state for ever a combination of domestic resistance, Western pressure
    FT  -  1,613 words
  • Article
    E. Germans' new exemplar
    846 8 EAST GERMANY until recently could always be depended on to state that its own economic achievements were made possible only by emulating the Soviet Union. All this has now changed, and the reason is obvious. East Germany's economic growth last year was 5 per cent while
    846 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      631 8 TWO-IN-OHE CROSSWORD CRYPTIC PUZZLE ACROSS 1 A sensible mount (5) 6 Like a group with crooked legs (5) 9 Artist attached to a boat? (7) 10 It's sound, but points to possible rot (5) 11 A cut key that's sharp (5) 12 Fish with a bit of a stink (5)
      631 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      813 8 Tales from a toyshop A CHILDREN'S programme which might Just he worth coming home early for is Tales from a Toyshop (Ch 8, Peter Ustinov, I nlcef's roving ambassador, is the host of the programme. He teams ap with a poppet called Molly and, together, they explain the United Nation's
      813 words
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  • Article, Illustration
    Concrete assistance
    1970 9  -  Many Government incentives have been given to building contractors over the past couple of years. Such measures have been necessary because of the ironical situation in which an important sector has lagged behind others in the economy for a long time. AGNES WEE reports. AGNES WEE IT WOULD
    1,970 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      970 9 National Discount Company Limited (Incorporated in the Republic of Singapore) Balance Sheet 31st December, 1981 Share Capital Revenue Reserves General reserve Profit unappropriated Total Capital and Reserves Current Liabilities and Provisions Deposits of customers Other liabilities including provisions and other reserves Proposed dividend—net Total Current Liabilities and Provisions Note 1981
      970 words
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  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      159 10 w Dresdner Bank AG SINGAPORE BRANCH ON THEIR 10TH ANNIVERSARY AND A WARM WELCOME TO DR KARL-LUDWIG BRESSER MEMBER OF THE BOARD OF MANAGING DIRECTORS DRESDNER BANK AKTIENGESELLSCHAFT AND DEPUTY CHAIRMAN. DRESDNER (SOUTH EAST ASIA) LIMITED DR CHRISTOPH VON DER DECKEN MEMBER OF THE BOARD OF MANAGING DIRECTORS DRESDNER BANK
      159 words
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      68 11 3 Dresdner Bank AG SINGAPORE BRANCH ON THEIR 10TH ANNIVERSARY AND A WARM WELCOME TO Dr Karl -Ludwig Bresser Member of the Board of Managing Directors, Oresdner Bank Aktiengesellschaft and Deputy Chairman, Dresdner (South East Asia) Limited Dr Christoph von der Decken Member of the Board of Managing Directors, Dresdner
      68 words
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  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      69 12 I Dresdner Bank AG SINGAPORE BRANCH ON THEIR 10TH ANNIVERSARY AND A WARM WELCOME TO Dr Karl-Ludwig Bresser Member of the Board of Managing Directors, Dresdner Bank Aktiengesellschaft and Deputy Chairman, Dresdner (South East Asia) Limited Dr Christoph von der Decken Member of the Board of Managing Directors, Dresdner Bank
      69 words
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  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      224 13 I? Zfvfef v\ Dresdner Bank AG SINGAPORE BRANCH ON THEIR 10TH ANNIVERSARY AND A WARM WELCOME TO DR KARL-LUDWIG BRESSER MEMBER OF THE BOARD OF MANAGING DIRECTORS DRESDNER BANK AKTIENGESELLSCHAFT AND DEPUTY CHAIRMAN. DRESDNER (SOUTH EAST ASIA> LIMITED DR CHRISTOPH VON DER DECKEN MEMBER OF THE BOARD OF MANAGING DIRECTORS
      224 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1729 14 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. 9ECTION ONE INDUSTRIAL COMMERCIAL Acma (2.038) (10)
    1,729 words
  • Article
    Unit trusts
    184 14 SNOAFOU UNTT TBI 8T DIAMOND MOTS TOM (Mm«|ot' prteas tar Mar t* (MiMim' prims tar Diamond Mare* M) The Commerce 2 88 3 03 The Savings Fund 1(3 1.71ad Spore Fd(US») 0.74 078 S pore Pro* Fund 124 130 SI l.M S'pore Sec. Fund 1*2 2.03 (FebXtoday) S
    184 words
  • Article
    SHARE INFORMATION SERVICE
    2933 14 Gr's Gr's Net 1W1/1M3 Conpany Last Div Div Y'M P/E Vol Dav Low Sale or- C*vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 247 Acma 264 2 14.5 3.2 5.4 9.4 22 284 282 115 115 Alcom 115 4.8 2.0 4.1 19.8 350 130 Allied Choc
    2,933 words
  • Article
    In Kuala Lumpur
    1828 14 BID and offer prices officially -i listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. DHDUBRIALB AkLa (I'sBHS) 1 34 (9) 1.8 AJu M (1.505) A
    1,828 words
  • Article
    COMPANY MEETING
    29 14 RENONG TU Dredgtmg Campaay limited: EGM to be held at the 1st Floor, Wisma Tek Lee, 38 Jalan Tun Perak, Kuala Lumpur on March 25 at noon.
    29 words
  • Article
    Late buying cushions early losses
    786 14 HEAVY baylag la the last bear ef tradiag helped to redaee mow sf the earlier learn caaeed by preflt-tak-lag at the Siagapere stock market yesterday. Sellers kit the market Jast kef ere the aeea eieee after kavtag kept te the sMettaee fer the past six
    786 words
  • Article
    Mixed close in Kuala Lumpur
    594 14 PROFIT-taking on the Kuala Lumpur stock market yesterday took the steam out of a good early rally, leaving prices to finish mixed with an easier bias. Total turnover also fell in line with the withdrawal of support, plunging to only 3.417 million units wrath MJ11.462
    594 words
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  • COMPANY NEWS
    • Article
      OUE — a vehicle for more diversification
      1165 15  - OUE a vehicle for more diversification Market Talk... By NAJEEB JARHOM OVERSEAS Union Enterprise (OUE), the hotel-own-ing subsidiary of the Overseas Union Bank (OUB) group, is well poised to diversify further in the near future. This is because OUB (its principal shareholder), by virtue of the restrictions of the Banking
      1,165 words
    • In Hongkong...
      • Article
        GOODYEAR Estates's
        41 15 group net profit was HK526.74 million ($22.29 million) for the six months ended December 1961. The company has declared an interim dividend of eight cents (same) with scrip dividend option. Books will be closed between April 14 and 23.
        41 words
      • Article
        THE group net profit of Headerson Land Development Co Ltd
        80 15 was HK5317.32 million (no comparison) plus extraordinary profit of $48.03 million in the six months ended December 1981. The company expects profit for year ending June 30 will be not less than $600 million, as forecast, plus retained profits brought
        80 words
      • Article
        INCHCAPE Enterprises Ltd's
        56 15 net 1961 profit was HK515.27 million (118.12 million) on a turnover of $359.68 million ($300.19 million). Earnings per share was 64 cents (75). A final dividend of 40 cents (same) has been declared, making a total of 55 cents (same). Final dividend is payable on May 13
        56 words
      • Article
        WHEELOCK Maritime International's
        43 15 group 1981 net profit after tax and minority interests was HK585.71 million. Overall net profit, after taking account of extraordinary profits of 165.37 million on sale of vessels and an adverse unrealised exchange variance of $3.3 million, was $147.78 million.
        43 words
    • ASIAN STOCKS
      • Article
        Sydney
        276 15 THE Sydney market yesterday recorded its biggest gain this year as traders responded to firm performances on overseas exchanges and a 640 barrel a day oil flow from the Jackson South No 1 well in the Cooper Basin, dealers said. The oil and gas index finished 14.9 points higher
        276 words
      • Article
        Bangkok
        96 15 SHARE prices in Bangkok yesterday closed mostly lower in the absence of buying support, dealers said. The Book Club index fell 0.36 to 90.91 on a turnover of 3.9 million baht. MAR M Bahta Ami* Fibre 135 Aruthara In* And ■mut m OS Bangkok Bank Bank Of Ayudhaya SM
        96 words
      • Article
        Prices little changed
        341 15 HONGKONG STOCKS IN Hongkong yesterday closed little changed after moving narrowly throughout the day in quiet trading, brokers said. The continued higher note on Wall Street supported prices in Hongkong initially, but they drifted lower later due to lack of other supporting factors. Some brokers said the
        341 words
      • Article
        Tokyo shares finish higher
        470 15 SHARE prices in Tokyo yesterday rose sharply with sentiment enlivened by the continued rise on Wall Street, a downtrend in US interest rates and the modest yen recovery against the dollar, dealers said. The market average gained 96.51 points at 7,194.31 in light trading on a
        470 words
      • Article
        MANILA
        161 15 THE Manila stock market yesterday was again mixed as commercials and industrials continued to decline while minings and oils closed higher, dealers said. Turnover fell to 350,000 pesos from 623,000 on Tuesday. Closing stronger were Benguet Con "B", up 0.50 cents to 31.00, Basic Petroleum, up 0.0002 to 0.0082
        161 words
    • Article
      MWE still sinking into the red
      342 15 LONG-suffering shareholders of MWE Holdings Bhd will again have to wait for a while before the company comes out of the red. MWE's new chairman Tan Sri Datuk A Samad B Idris said the group will again be reporting a loss for the year
      342 words
    • Article
      Profits of Hotel Malaysia hit by expansion project
      443 15 HOTEL Malaysia expects the cost of financing its $63 million extension to have an adverse effect on the company's profitability in the short term. But in the long run, there will he substantial benefits when the project is completed by July 1984.
      443 words
    • Article
      LONDON STOCKS
      802 15 LONDON, Tues Equities and government bonds moved higher, supported by the firmer trend of New York markets overnight. The Financial Times Index was up 6.2 points at 564.3. Oils were active following the rise in retail petrol prices announced by Shell and BP. Both BP and Shell raw
      802 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      602 15 Killinghall Tin (Malaysia) Bhd. NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of shareholders of the Company will be held at the registered office of the Company, 10th Floor, Komplek Kewangan, Jalan Raja Chulan, Kuala Lumpur on 15 April 1982 at 12.00 noon,
      602 words
    • Advertisement
      Page 15 Advertisements Column 2
      289 15 REPUBLIC OF PANAMA U5525,000,000 Floating Rate Notes Due 1987 (Extendable at Noteholders Option to 1990 and 1992) In accordance with the provisions of the Notes, notice is hereby given that for the six month period from 25th March 1982 to 27th September 1982, the Notes will carry a rate of
      289 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      147 16 Rises Indices La rut Tin M Breweriei Strait* Trading M B F Hldgs Berjuntai H Leoag Credit Wearne* G I Hide* Chen. Ind Sin Ckew Falls 210 480 885 TOO 600 530 382 320 210 436 18 16 10 10 10 10 10 10 10 8 Mar 23 BT
      147 words
    • Article, Illustration
      KUALA LUMPUR
      144 16 Rises Indices Glenealy Timuran 310 590 20 20 20 18 10 BT Index: Mar 23 *****0 Mar 24 *****7 Raleigh Weames Sel Dredge 696 420 440 Industrials: Finance: Hotels: 865.62 1471.38 608.30 866.33 1472.13 608.17 M B F S Trading Larut 750 970 220 Falls +10 10 8
      144 words
    • Article
      Selected indices
      50 16 FINANCIAL TIMES Wednesday 1223.38 INDUSTRIALS Tuesday 1221.18 Week Ago 1191.74 Tuesday 564.3 Monday 558.1 AUSTRALIAN Week Ago 502.4 INDUSTRIALS DOW JONES AVERAGE Wednesday 625.8 INDUSTRIALS Tuesday ...622.0 Week Ago 617.4 Tuesday 826.87 Monday 819.54 ALL ORDINARIES Week Ago 796.33 478 1 H.K.HANG SENG Tuesday Week Ago 470.3 465.9
      50 words
  • Article
    Leong Huat scrip to be replaced
    371 16 DDUSCTORB af Leeag Hut have far the lint time dice lut Aigut attempted te cemmsaleste with skarehalden ea the Leeag Haat-He Ksk Cheeag affair. la rw>MM te a directive tram the Stock Exehaage ef Slagapere, a drealar was •eat m Mawtdien yesterday lafermlag them
    371 words
  • Article
    City Dev raising capital to $500m
    580 16  -  Companies Editor: Mano Sabnani By KOH TSE YING CITY Developments is apparently gearing up for further expansion this year. The company intends to raise its authorised share capital four-fold to $500 million from $100 million. The enlarged authorised share capital will not only accommodate
    580 words
  • Article
    Mixed results from UIC
    396 16 UNITED Industrial Corporation (UIC) has suffered a massive paper loss of $6.88 million on certain of its quoted investments. The company gave no details of the loss, which was announced together with its in term results yesterday. It did say, however, that no provision has been
    396 words
  • Article
    Bonus from Glenealy
    210 16 GLENEALY Plantations (M) Bhd, an investment holding company, has announced a one-far-three bonus issue plus a 5 per cent interim dividend for the 1982 financial year. The bonus issue, the fifth to be made by Glenealy since 1969 and the least generous comparatively, will capitalise MJ10.66 million
    210 words
  • Article
    Lock icon Another listing Soon?
    505 16 m by HOCK LOCK SIEW THE flurry of interests that accompanies each new listing on the Kuala Lumpur Stock Exchange (e.g. Chocolate Products and Lion Corporation) even in the present drift must be stimulating developments for some private Malaysian manufacturing groups planning public flotations. In this latter
    by HOCK LOCK SIEW  -  505 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      383 16 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following:RESULTS FOR THE YEAR ENDED 31 ST DECEMBER, 1981 The profits of the Company and the Group for the year ended 31st December, 1981 after providing for taxation, diminution in value of assets
      383 words
    • Advertisement
      Page 16 Advertisements Column 2
      366 16 Appointment PROFESSIONAL SHIPMANAGEMENT COMPANY A INTER MARITIME MANAGEMENT PTC LTD. invites applications for the post of MARINE SUPERINTENDENT (DECK) Candidates must have several years experience in command of tankers (preferably VLCC) with knowledge of C.0.W./I.G. and aged between 35 45. INTER MARITIME operates a large fleet of tankers/bulkcarriers operating worldwide
      366 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      55 16 OUTLOOK for Singapore today: Showers in several areas. Report for 24 hoars prior to 7J9 pm on March 24 at the airport: Maximum temperature 32.1 Associated humidity 65 Minimum temperature 24.9 Associated humidity 93 Hours of sunshine 2.20 Rainfall in millimetres Trace Total rainfall for the month 107.8 Total rainy
      55 words
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  • SHIPPING TIMES
    • Article
      PSA to get new launch
      205 17 THE PORT of Singapore Authority will take delivery soon of the first of two police launches built by Boatbuilders Pte Ltd. The 12.5 metres PB4-PSA. built at a cost of $383,000, is powered by twin 300 horsepower MAN diesel engines and it can attain speeds
      205 words
    • Article, Illustration
      Mitsui to start new Far East-US service
      521 17  -  By JAN LEE MITSUI OSK Lines of Japan will inaugurate a new service between the Far East and the US west coat: in May. The new service will cover ports in South Korea, Taiwan and Hongkong. The sailing schedule will be Inchon, Kaohsiung,
      521 words
    • PORTSIDES
      • Article
        Lock icon Changes to surcharge
        86 17 Reuter MEMBER lines of the Japan-Mexico Freight Conference said the current congestion surcharge of US$6 per revenue tonne on cargo destined for Acapulco and Manzanillo will be reduced to $4.50 and $3.50 respectively, effective from April 10. The Japan/Latin America East bound Freight Conference said it will
        Reuter  -  86 words
      • Article
        Lock icon CAF to be reduced
        109 17 Reuter MEMBER shipping lines of the Japan/Hongkong and Japan/Straits Freight Agreement said they will reduce the currency adjustment factor (CAF) on goods loaded in Japan on or after April 1 to 20.5 per cent from the current 23 per cent. The Hongkong/Europe and Hongkong/Gulf of Aden
        Reuter  -  109 words
      • Article
        Lock icon Indian ports capacity
        78 17 Reuter INDIAN ports will handle 130 million tonnes of traffic a year by the end of the current development plan (1980-85) against their present capacity of 80 million tonnes, Shipping Minister Veerendra Patil told parliament. More capacity will be created mainly through modernisation of existing ports, he
        Reuter  -  78 words
    • Article
      INDEX TO ADVERTISERS
      680 17 "hlppta* Ume Page Cal Shipping liw Page CM Achipelego Shpg Afea Alfred CT A1] trans Aipac Angonave A PC Line APL Argentine ASCL Asia Merchant A astasia Line Australian Coot Bait-Orient Baltic Bangkok Coot Bangladesh Bank Line BBS Ben Line Ben Asia Ben bulk Bienley Bintulu Blue
      680 words
    • Article
      PORT CONDITIONS
      1110 18 ALGERIA Algiers Feb 28, 6-7 days depays for general, at least 30 days for grain. ANGOLA Luanda Feb 24. 18 vessels at anchor. Delays of about 45 days. Lobito Feb 19, 1 day delay. ARGENTINA Buenos Aires March 3. Facing delays and congestions. Necochea March 1. 1 grain
      1,110 words
    • Article
      LONDON FREIGHTS
      1592 18 NORTH AMERICAN grain chartering was very quiet on Tuesday apart from a cargo being arranged from the US Northern Range to Holland at U5511.25 and business from Norfolk to Holland Belgium at $11.02. A vessel from California to Guayaquil paid $23. On the Continent, a barley cargo was
      1,592 words
    • Article
      Lock icon Cargo sharing scheme may affect services
      534 18 Business Day THE CARGO sharing scheme now being studied by the Philippine government will only deprive the country of the marketing services of cross traders, an executive of a Philippine shipping agency said. Dr Juan N Pena, executive president of MOF Shipping Co Inc.
      Business Day  -  534 words
    • Article, Illustration
      TANKERS NEED TO FIT IGS SOON
      366 18 THE DAY of reckoning is nearing for the tanker owners of some 31 million tonnes deadweight of vessels which fail to comply with international regulations. According to a survey published, this is a huge total still not fitted with inert gas systems nearly a
      366 words
    • Article
      Booking system continues
      306 19 THE CONTROVERSIAL booking system for vessels transiting the Panama Canal will continue in spite of strong complaints from owners, the Panama Canal Commission (PCC) said. Replying to criticism from the Panama Chamber of Shipping, which described the test reservation scheme as a "rip-off," the commission said the
      306 words
    • Article
      Lock icon HK companies to resist cartels' rate increases
      539 19 Lloyd's List HONGKONG toy companies have taken steps to resist a 23 per cent rate increase by two cartels that set trans-Pacific shipping charges. A Hongkong subsidiary of General Mills Inc. a diversified concern that is a major US toy supplier, has for
      Lloyd's List  -  539 words
    • Article
      Illegal transfer of fuel oil at sea
      158 19 A FOREIGN ship chartered by the Indonesian state oil company Pertamina transferred between 200 and 677 long tons of fuel oils illegally on the open sea on 10 occasions, the ship's chief mate testified in the north Jakarta District Court on Tuesday. In
      158 words
    • Article
      Lock icon St Lawrence to reopen its two lanes on April 5
      246 19 UPI THE two major shipping lanes of the St Lawrence Seaway between Canada and the United States will reopen to shipping on April 5, the latest opening in 10 years due to the severe winter. Dennis Deuschl, spokesman for the
      UPI  -  246 words
    • Article
      SHIPPING LIST where your ships are due...and when
      5202 24 SCHEDDIE A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      5,202 words
    • Article
      Container Schedules
      614 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Voy Arrival for LCL Movement Ship Date/Time Operator Cargo Schedule Mode CB Venture 54 26.3.82 0300 Star Shpg 49 vc Cardigan Bay 522 26.3.82 1800 Mansfield 49 1300-1400/1400-1500 TT Falmouth Bay 0602F 26.3.82 0100 Malay States
      614 words
    • Article
      WHO ACTS FOR WHOM...
      1450 25 The leading shipping lines operating from local ports and their agents. A-B AeMgelste Ah Singapore Shpg Agencies (S) Euro-Asia Um (PNKLPK). ,V -rt I,L finlshm Continental Feeders (S) Cargo Freight (PK). AF*A Singapore Shipping Agencies (S)/ Euro-AsU Line (PK/PN) Afre-ReinsM Use Tranagroup Pte Ltd (S). A
      1,450 words
    • Article
      Lock icon New one-week Iberian Peninsular cruises
      750 26 Fairplay AT A TIME when the established cruise liner operators are investing heavily in new tonnage to meet the increasing demands of the '80s and '90s, news comes of another development on the cruising scene, this time slightly less grand, but still rather novel. In
      Fairplay  -  750 words
    • Article
      Lock icon Union will supply crew for foe ships
      188 26 AFP THE NATIONAL Union of Seamen (NUS) said it had decided to provide crews for British ships flying flags of convenience. It said this change of policy, adopted in spite of NUS' dislike of convenience flags, was forced on it by the steady
      AFP  -  188 words
    • Article
      Lock icon FEFC lowers its CAFs
      195 26 Reuter THE FAR Eastern Freight Conference and associated conferences said they lowered their currency adjustment factor (CAF) on cargo from France to 4.5 per cent from 9 per cent and on cargo from the Philippines to 2 per cent from 6.5 per cent, effective March 26.
      Reuter  -  195 words
    • Article, Illustration
      Russia's port expansion plans
      262 26 A MAJOR development programme for ports along the USSR's Pacific coast is now underway to keep up with the country's rapid growth of foreign trade and economic development in Siberia and the Far East. The programme's main aim is to provide adequate port facilities for the
      262 words
    • Article, Illustration
      SHIPS IN PORT
      494 26 ARRIVALS KEPPEL WHARVES Blue Kochi (ro ro)(1400) 6/7 Dong Bee (1500 after Leipzig shifts) 33/34 Erina I (Tanker) (after Fort Garry P/O, subject gas free) 15/16 Jenson (0700) 22 Kota In tan (0700 after Kota Buana) 10/11 Mansart (after Regina Maris) 35/36 Santa Monica 1 (B/C) (1300
      494 words
    • Article
      The Consortia
      212 26 THE MAJOR shipping consortia operating between the Far East/Europe, Far East Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS AUSTRALIA): Australian National Line. Australia/Straits
      212 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      350 17 HEUNG-A SHIPPING KOREA FLAG VSLS Regular Liner Semi-Container Service To: P.KeUn{/Kedunt/Busan/lnchon Fm: Busan/H.Kont/Banfkok Td S'pore: *****11 P.K. *****4, PN *****5 K.L. *****0 i k i > i M A\ I AH Orient Overseas CcmlcjMeA Line RJLLt CONTAM3BED SERVICE TO EUROPE (VIA SUEZ) m COMTMB Ml MX ffITW 4a FULLY CONTAIERBED
      350 words
    • Advertisement
      Page 17 Advertisements Column 2
      164 17 OSEALORDH 1&V UASC UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF EXPRESS MULTI-PURPOSE SERVICES S>m Loading for BM M. BEJTA* V.41 I TUFML 45 )übatl (26/4). Dammam (30/4), Bahrain Kuwait (6/5). Shuaiba (9/5). Duba. (12/5) 5 Kuwait (17/5). Dammam (21/5), Abu Dhabi (24/5). Dub» (27/5) FULLY CONTAINERISED SERVICE f DEPARTURES TO
      164 words
    • Advertisement
      Page 17 Advertisements Column 3
      26 17 LONDON Freights n/m PORT Conditions n/X SHIPPING Schedule Vffl/IX CONTAINER Schedules IX WHO Acts (or Whom IX SHIPS In Port X REGIONAL Weather X CONSORTIA X
      26 words
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      Page 17 Advertisements Column 4
      789 17 4>cnan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents UNIPACIFIC TUNS I TMOWfi AGENCY PTL LTD Teh *****4 (5 lines) SINGAPORE E3 EXPORT FULL CONTAINER SERVICES TO U-S PACIFIC. GULF. ATLANTIC, EAST CANADA. ASIAN PORTS Fee Her Vmml jPort Kel*ng| Ptmnj Veaael [81— pore
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      866 18 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHA WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE CwUhw Sonfco B DAHUA 26/3 KOfiMGAN I. FQM6A 2/4 MHON I OAMJA 9/4 SELANDM I KJMfiA 16/4 B sum B. DAMJA 23/4 N.
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      Page 18 Advertisements Column 2
      181 18 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA 2/5 «/s v m 4/5 *5/5 in KIT NMNM.S "BARBER TBU" 4/4/12 "BARBER PRIAM" VW "BARBER TAIF", 14/4/42. "BARBER MEMNOfT 22/4/42. TO: PANAMA m mm ta a*, mm) US ATLANTIC E. CANADA US QULF •m/j •12/4 •1/4 •W/4 31/3 12/4 1/4
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      782 19 OCC Overseas Containers Limited The Straits Steamship Group MM STRAITS SHIPPING t -jm Singapore to Sabah, Sarawak, Brunei Porta and Bangkok CONTAINERSHIP SERVICE TO UK CONTINENT a/5 13/s 19/5 21/5 a/5 a/s •3/6 K/l STINTS SIM taUMT CONTAINERSHIP SERVICE FROM UK CONTINENT 25/1 27/1 21/3 34/3 2J/3 31/3 11/4 N/4
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      Page 19 Advertisements Column 2
      259 19 JUMBO NAVIGATION NV STEUMOVI IT* SKUNK M NttMl2 Shipping space (4000 cbm) for heavy lift/large dimension/awkward or any type of cargo for loading in Singapore for North European, Red Sea, Mediterranean, or U.S. Gulf ports. Please contact Jardine Shipping Agencies, Tel No. 221-8011 Ext 50. Franco Belgian Services mm <y
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      527 20 Hapag-Lloyd t'l COMIIHNI UK E XPORTS Cadiuli! Afco accept*! tfitslwpmgnt c«to to. CAMBBEAN/WIST »OES «x Ha»t*rr| Conoectirvg m Koohs*jrvg Connecting m Tokyo "Aho occoptmg cargo foe ATLANTIC GULF PORTS via mtnilandbndgc, and US MO-WEST by mtcrobndge" OM CONTUfNT t» H"W| 8 limn Rian (Am S'tw K Span Lvf* lay SM
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      Page 20 Advertisements Column 2
      307 20 KS.L,ine KOREA SHIPPING CORPORATION STORE f. Kaiang PENANG VEGA 171N 5-7 Apr 1-10 Apr 11-14 Apr from BUSAN BANGKOK VEGA 172E 5-7 Apr t-10 Apr 11-14 Apr TO SUSAN ALTAR 175W 4-6 May 7-9 May 10-12 May FROM BUSAN BANGKOK ALTAR 176E 4-6 May 7-9 May 10-12 May TO BUSAN
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      Page 20 Advertisements Column 3
      597 20 I 1 0 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE •CCffTWG Fa 8 la CARGO FOR: S>n MM IM«t lahilm fattartaa MhNrp It Nnn Mctvr 2/4 24/4 M/ 4 71/4 M/ 4 2/5 Iwm L»|t 11/4 22/4 3/5 V 5 7/4 1/5 11/S Imi 21/4 U/S U/S 15/5 U/S U/5 ALSO
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      Page 20 Advertisements Column 4
      950 20 0 yrfl Wa 6 "BURMESE NATIONAL LINE" (j S LOADING FOR RANGOON jg K (maun* mnw/77 Mr r r 1 A 2f n/n Mb H/J7 tb. K wwumu 11/2 Apt ~A wt* 11/2 trn M T A F SC bousteadshpwng m Wa *****1/8 PfNANG *****1/8 OtSCHARQNG ONLY R ArfMtMM 0.
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      Page 20 Advertisements Column 5
      270 20 r mO.S.E." OCEAN SHIPPING ENTERPRISES PTE ITO. m SANKYO LINE JAPAN/STMITS SERVICE SUN UNION LINE PJSLAN6 mum LOAD FOR 31/3 KMUCM JB. Ml 144/7 A 22(1374 eastamsmpkmbm TO. 4(4(44 4(4754 OtTOiaMCMM T* I7RU 4 (3725 I T* 3M732/3/7251 KYOWA LINE TO PAPUA NEW GUMEA/SOUTH PAOFIC ftwri firing LaaM| tar 4/4
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      803 21 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH. JEDDAH AQABA (Reefer Cntrs Acceptable) 29-27/4 31-1/8 21-22/4 28-27/5 30-1/7 ACCEPTING FCL CONTAINERS TO DUBAI/DAMMAM/KUWAIT EAST AFMCA/MDSH SERVICE KOTAJMJANA In W/30 Mar Kandia, Bombay, Mufcaila, Adan KOTA JASA 27/30 Apr Adait. Jaddah, Aqaba VJ-37S KOTA TAMJOMO 10/13 May Aaaab, Hodaidah, Jaddah, Port
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      Page 21 Advertisements Column 2
      825 21 BEN LINE CONTAINERS EXPRESS com WO SERVICE TO/FROM EUROPE TO MOW CarAjai far HBUKG BHAffN ROAM Sport P KctinjW German, Aint»a Anhwrp a/3 a/3 17/4 11/4 M/ 4 ttan ln( Eiprau ■ran* iiprru Taka Ei|tiu iHlMll) 11/4 IX/4 37/4 U/4 a/4 It/4 4/5 5/5 11/5 IVS 15/5 21/5 17/4 U/4
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      Page 21 Advertisements Column 3
      550 21 Scan Dutch 9 WEEKLY EXPRESS CONTAINER TO MED/UK/NCTSCAN §£pY|CE APICASUSSM AORRKMH KNVMU SM I MSONtoPart I I A P4ILAS m 3 I NWN tta ii/ 3 ANSON l/« A PRKaSSS/4 SfLAWM c «a ANSON 1/4 ANSON IS/4 I SUM s*rt 3)H|W|4)C6W| */l 14/4 19/4 20/4 n/« 1/4 21/4 24/4 27/4
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      Page 21 Advertisements Column 4
      495 21 BOUSTEAD SHIPPING AGENCIES BANK LINE EXPRESS MDEPENDENT SERVICE TO UK I SPORE I R'DAM HULL HMBG MLLAi FORTHBANK* CORABANK IVYBANK CLYDEBANK 24 Mar 28 Apr i 28 May I 24 Jun j loads Pt Ketang 26/3) 20 Apr 23 Apr 28 Apr 24 May 27 May 30 May 23 Jun
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      1363 22 KAWASAKI KISEN KAISHA, LTD. EXPRESS CONTAINER SERVICE Fancsa store M EMERALD VlO M ft J2JK'* ,1+ #JWAN AMBROSE 26 Ai. 20 toy it 25 May 1 BMOGE V 4 t J Ap NEW YORK MARU 3 May 27 Ma, 25 Ma, 30 May tjfc fmuoelpm* (UMay) t NORFOLK (1$ Ihr)
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      Page 22 Advertisements Column 2
      409 22 AUSTRALIA EXPRESS CONTAINER SERVICE S*rt a roar ?t m» 19 Apr 20 Apr aidoat torn, 2? m, 19 Mat 20 tmm «B0 KCSpn 10 Apr 17 Apr u Apr fraa tns 20** 2*, 4M* 10 lb, Fran/In. 2?? Jfc s>— 11 Dm fim /lm 2 AA, 4 Ml, 10 Mr
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      Page 22 Advertisements Column 3
      603 22 KORINS MARITIME SERVICES Room 601 ICB Building. Shenton Way Singapore Tel *****22 *****67 P Kelang Tel 387Q04/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES Snore SUN RIVER 31 Mar BUNGA VANDA 10 Apr LINN6SBON 12 Apr ASIA HOPE 12 Apr BUNGA ARANDAIS Apr P Kalang Loadhg For Bandar Abbas/B.Khomeri Dub at/Kim art'Mujcjt Bandar
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      Page 22 Advertisements Column 4
      706 22 INTRASEA (PTE) LTD Suit. U. Int. i. Situ 4.1;». o.'( VOlAm-Ult BREAKBULK SERVICE TO EUROPE/UK Spare P. KMang Laadfcg tar AnAngel Haw MIS 1 Apr n Mar MULOOE/rMM/W (AVON) Kauai Loodtag at Ma KeiabaM SawarMda FULL CONTAINER SERVICE TO EUROPE/UK a. f carry m 123. Alto accepting Akiandria/Baghdad 30 Mar
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      Page 23 Advertisements Column 1
      684 23 NEPTUNE ORIENT LINES LTC TO EUROPE/UK (VIA SUEZ): TW BUDGE 10W C CONTMO 15* N SAMCT 9R.... MERCATOR 2SN. Also accepting cargo to/from Scandinavia C CONTAINER S'pore Closing Times: FCL Cargo 2000 28/3 LCI Cargo 0800 28/3 FROM EUROPE (VIA SUEZ) K JACEJM 13E HK CONTAINER 2*. A CONCORD 3E
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      Page 23 Advertisements Column 2
      671 23 MALDIVE LINES MALDIVE PEACE 5/4 Loading For DUBAJ/DAMMAM/ KUWAIT MALDIVE PLEDGE 26/3 Loading For Jeddaft MALDIVE UNOT 2/4 loading For KARACHI MALDIVE CARMER 30/3 Loading For Male MALDIVE MPORTEK 10/4 Loading For Male MALDIVE NAVIGATOR 15/4 Loading For Karachi/Shariah MALDIVE POOR 5/4 Loading For ieddah MALDIVE MAGE 30/3 Loading For
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      Page 23 Advertisements Column 3
      819 23 SS SINSOV SINGAPORE SOVIET SMPPING CO PRIVATE LTD MtSOV BULDMG 55, Mart«t Sltml Snfaporc 0104 Ittepfam Nwtxn *****3 (15 Urns) Cable Address SHSOV SMGAPORE Tetei Numbers RS ***** RS ***** RS 251 M P KELANG M/S SHAW AT MM SOON SON. MD IST AND 2ND FLOOR NO 1 iALAN CEMPEWNC
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      Page 23 Advertisements Column 4
      51 23 u iki</ /y> P.E.A.C.E. PTE L 11 CA. MOUNT FAKR ROAD IigMHK SINGAPORE 0408 TUUUIJ TEL: *****M/9 TEL: *****M/V JEWtirMN'S 1,1 Tel: mtm (f ENVISION Of T* WT WORIDMK GROUP OF COftTMES REGULAR FCL AND LCL CONTAINER SERVICE TO: Australia Sydney, Melbourne, Frem&ntle, Adelaide, Brisbane N«w Zealand Auckland, Wellington, Lyttleton,
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      Page 24 Advertisements Column 1
      544 24 S S C (Iroup SINGAPORE SHIPPING CORPORATION PTE LTD JOTH f LOOH OCEAN BUHOING SINGAPORE 0104 MARKETING 11".'.' I,N»S. GtNLRAI 91 J1 11 ,22 I INI Si 'Lt RS .'4W) RS .SSba A d C ARSHIP CABI E CARGOSHIP 141" Container Lines 2 SAILINGS A WEEK to/from BANGKOK BERTHING NOON
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      Page 25 Advertisements Column 1
      191 25 r L.. EGYPTIAN INTERNATIONAL LINE fII I EGYPTIAN FLAG Mil jI ■j.i'iV ii'.T/Ai ji (POWT tUEZ POUT SAO Al fXANPWUJ rrm rma rum ua—nMHKaWII m,n tmm 4 tmml tmm 11 *f wrn jm it mi tail c«rf* inttui HIHI nwMjTaan/! DWICT UNEM 14m y V£ APC LINE f ANOKUTAN PEKTAMBINDAN
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      Page 25 Advertisements Column 2
      234 25 CAROO IP ACE AVAILABLE ON UNER VESSELS LOADMQ FOR MADRAS, CHITQQ, COLOMBO KARACHI INDOCULF FREIGHT SERVICES TEL *****00 *****01 TELEX RS ***** INDGUL TIGER EXPRESS LINE s ymi a NAVJTRAOE GROUP TEL: *****14/5 REGULAR SAILINGS TO CHITTAGONG/CHALNA STORE POMN6 Loafe* far .11 Apr 17 Apr CNHagonc PENANG TEL: *****/5 THE
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      Page 25 Advertisements Column 3
      75 25 P.T. INDONESIAN ORIENTAL LINES| JAKARTA CO (rTi) LTD UH/Ut7. i. i* ami ft ta) L Lap* 1 P U*m T hM*?* HOW CM) m WD r t* rmutanfmu < r«t mi 1/(2(1 *xzn/j LIAN HUAT SHIPPING CO, (PTE.) LTD mom. haik ihm Root an uu/im rran m? ra.s ttmwzMM AMCOMAVE
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      Page 26 Advertisements Column 1
      369 26 KM MAGNA MARINE LINES LOADING FOR SOUTH AFRICA Vessel Spore PKelang Dischg BESSANG PASS 30/3 REUN Voy 011 DURB BLT 1975 CAPE MAGNA VOY 012 25/4 28/4 MAGNA VOY 013 25/5 28/5 Accepting Containers GENERAL AGENTS MAGNA SHIPPING PTE LTD llth Floor, MNB BUILDING SINGAPORE 0106 TEL: *****66/*****00/*****37 TELEX: R*****8
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      Page 26 Advertisements Column 2
      99 26 NOTICE EVERETT STEAMSHIP CORPORATION 8/A "Mfilimwtt" V«y. Arrt: lttk Mint IMS Place M Svrcj: PJB.A. G4mm. SS/M General Survey on damaged cargo discharged ex the above vessel will be held on 25th March 1982 from 8.30 a.m. No further survey will be held after this date. SAMSHIP WOOD CARRIERS TIMBER
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  • Page 26 Miscellaneous
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      154 26 J lpf Regional Weather 21 V" «K n/2 i a 7 •> Jl G^ei. (31 ■81k !i*K SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Shower Rain Cloudy Sky SufMC winds are 1 Temperature Weather C CT" Wind direction with speed in knots Wave height
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