The Business Times, 15 July 1983
1983-07-15
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The Business Times
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Title Section10 1983-07-15 1 BUSINESS TIMES M.C.(P) No. 67/1/83 FRIDAY, JULY 15,1983 60 CENTS10 words
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377 1983-07-15 1 JOHN LIM - By JOHN LIM THE Commercial Crime Division is investigating the accounts of Overseas Union Finance Ltd (OUF) for the years 1973 and 1974. It has so far interviewed "no less than 10 persons", including former managing director Seah Say Yoong. The division's acting head, DSP377 words
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Article196 1983-07-15 1 THE Chrysler Corporation will pay off by September the last US$BOO million of the $1.2 billion in government-guaranteed loans that saved it from bankruptcy. Chairman Lee lacocca said: "We are about to reestablish Chrysler as a successful private corporation that pays its way." Less than196 words
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658 1983-07-15 1 AGNES WEE - By AGNES WEE THE GOVERNMENT will continue to allow foreign contractors easy access to the local market and welcome more joint ventures with local construction firms so that there can be some transfer of technology. This was stated yesterday by Mr Lee658 words
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447 1983-07-15 1 LEE YOKE MENG - By LEE YOKE MENG A LARGE number of employers in industries most affected by the economic recession failed to pay their Central Provident Fund (CPF) contributions on time last year. Each month, an average number of 2,116 employers were late with their payments447 words
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Article152 1983-07-15 1 Reuter THE European Economic Community has called for urgent international action against counterfeit goods which it says pose severe health and safety risks for the public. A confidential report submitted to the General Agreement on Tariffs and Trade says counterfeit aircraft parts, medicines, foodstuffsReuter - 152 words
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BRIEFLY...
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Article57 1983-07-15 1 AP TAIWANESE Premier Sun YunSuan has instructed a government agency to encourage Hongkong businessmen and residents fearful of China's takeover of the British colony to resettle in Taiwan. Mr Sun's instructions were issued on Wednesday following the conclusion of two days of talks in Beijing between Britain andAP - 57 words
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Article77 1983-07-15 1 THE Soviet Union has said that it will try to block further United Nations aid efforts on the embattled Thai-Cambodian border, senior diplomats in Bangkok disclosed. This would be the first time that Moscow had formally opposed a UN humanitarian programme. The Soviets have made clear they77 words
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Article55 1983-07-15 1 AFP TAIWAN may sign bilateral agreements with the United States, Japan, Hongkong, Australia and New Zealand to use a uniform international customs certificate, the Ministry of Finance said. The agreements, necessary to facilitate movement of certain types of goods and instruments through customs, would be signed through theAFP - 55 words
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Article78 1983-07-15 1 INFLATION in the Philippine could hit 11.3 per cent this year because of price increases triggered by devaluation of the peso last month, a government study disclosed. The government had been aiming to keep it down to 10 per cent or less this year. Inflation as of78 words
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Article58 1983-07-15 1 Reuter JAPANESE Prime Minister Nakasone has given the ruling Liberal Democratic Party until the end of September to work out new ways of boosting imports to head off new complaints from Japan's trading partners. The officials said it is the first time Nakasone has set a deadline forReuter - 58 words
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Article59 1983-07-15 1 AP AYATOLLAH Meshkini has been elected president of the special assembly of religious experts established to choose a successor for Iran's religious and political leader, Ayatollah Khomeiny, it was reported by Irna, the official Iranian news agency. Meshkini got 45 votes from the 64 experts attending the inauguralAP - 59 words
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Article58 1983-07-15 1 JAPANESE Prime Minister Nakasone said his journey to the Asean region in May had resulted in stronger ties between Japan and the five Asean member states. Nakasone said he gained a "complete understanding and support" from leaders of the Asean states with regard to Japan's basic stand toward58 words
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Article47 1983-07-15 1 THE Polish parliament has begun discussing four constitutional amendments that could pave the way for the abolition of martial law. The Polish news agency Pap said communist ruler Jaruzelski and President Jablonski were present at yesterday's one-day session for the first reading of the amendments.47 words
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Article158 1983-07-15 1 Reuter AMERICAN Federal Be■erve Beard ehalmaa Paal Veleker s«U leag-term Interest rates eu eene 1m K pregress ea IrtiHw '«II we eraUaie the PHI— tortattsa, the preepeet Is Pa tnuM te say ttw laevttaMttty to thai let turn latotat rates will eeiae 4m everReuter - 158 words
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205 1983-07-15 1 MEMBERS of the Gold Exchange of Singapore yesterday unanimously approved sweeping changes in its constitution. A GES statement said the amendments passed at an annual general meeting serve to "promote further the gold market in Singapore, protect better the interests of clients and increase205 words
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283 1983-07-15 1 SINGAPORE'S aiajsr «11 nflav, Shell Easter* Petrskaaa, to towerl* the esatrad prices st Mi wii meZSTJttZZS'tT Bat mm the pr«taeto sstd by Shell, tael «0, easts ■we ww. Petrel prtee b YMtwfcy, Bbell aaasaaead prtee eati af between ill art eight U8 eeato283 words
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Page 1 Advertisements
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Advertisement227 1983-07-15 1 Times Bookshops US SENATE Republican leader Howard Baker believes interest rates can fall to single figures Page j COMMONWEALTH secretary says the world is quite close to the precipice of debt and economic crisis Page 5 THE American Express Company's proposed billion-dollar re-entry into the mutual fund industry through the227 words
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Advertisement88 1983-07-15 1 0 4. 4'l IR. -fi" TAT LEE CARD 41 m fT TAT LEE CAPO a *i m ft TAT LEE CARD KAN MAY FOONG (ALICE) *****88 DEC/83. Instant Cash with TAT LEE CARD The Tat Lee ATM handles:- withdrawal up to $1,000/a day 24-hr. banking service deposit cheques into current88 words
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Advertisement42 1983-07-15 1 Reduction/Enlargement PPC BALMAIN From $199 $269 pierre balmain At Pierre Balmain Boutiques Mandarin Hotel Pavilion Intercontinental Centre point Metro Grand Lucky Plaia Scotts Yaohan 46 Franco Singapore Textiles (Pte) Ltd. 315, Outram Road, #07-03, Tan Boon Liat Building, Singapore 0316. Tel: *****0342 words
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BANKING AND FINANCE
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433 1983-07-15 2 Reuter THE UK government is w issuing further tranches of existing government bonds, namely £300 million of the 101* per cent Exchequer bond 1997 and £200 million of the W/i per cent Treasury bond 2001/2004. The Bank of England, acting on behalf ofReuter - 433 words
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164 1983-07-15 2 Reuter UNIFICATION of Venezuevv la's three-tier exchange rate is the main issue in talks Venezuela is holding this week with an International Monetary Fund mission, Finance Minister Arturo Sosa «aid in Caracas. The mission is urging swifter progress towards this goal thanReuter - 164 words
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337 1983-07-15 2 Reuter SENATE Republican leader Howard Baker said that he does not expect sustained upward pressure on interest rates and believes rates can fall to single figures. "I think the Fed will continue to support an adequate supply of money so that thereReuter - 337 words
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180 1983-07-15 2 GOVERNMENT figures show total assets of Singapore banks have shot past the $50 billion mark. The assets snowballed to $50.6 billion in May, up 13.18 per over May last year when it was $44.5 billion. Bank assets have nearly doubled during the last four180 words
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Article111 1983-07-15 2 Reuter A BANKING Deregulation Bill has been introduced in the Senate and the House of Representatives at the request of the US Treasury Department. The BUI would give depository institutions expanded powers, such as the authority to underwrite municipal bonds, manage mutual funds and sellReuter - 111 words
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370 1983-07-15 2 Reuter WESTERN bankers have opened talks with Polish officials on deferring the communist state's commercial debt repayments as two reports offer gloomy news for its struggling economy. A senior Polish banking source said 15 or 16 delegates from Western creditor banks began two daysReuter - 370 words
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Article384 1983-07-15 2 NEDERLANDSCHE Middenstandsbank NV Is raising the coupon on its 150 million guilder bond issue to 9.25 per cent from 9 per cent and is pricing the issue at 99.5 per cent. This will give the issue, due 1984/93, an effective yield of 9.37 per cent. Subscriptions closed384 words
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233 1983-07-15 2 Reuter ARGENTINA is expected to pay off several hundred million dollars of interest arrears on its public sector foreign debt shortly, paving the way for further progress on renegotiating its overall US$39 billion debt, banking sources said. The sources were commenting on Tuesday'sReuter - 233 words
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Article22 1983-07-15 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 8.96 per cent.22 words
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Article147 1983-07-15 2 ASIAN currency deposit Interbank rates as at close on July 14: US D*ll*ri48Mt) 0tit BU 7 day* *11/16 8 9/18 1 month 913/16 *11/16 2 month* 10 *H 3 month* 10* 10* 6 month* 10* 10* 0 month* 10* 10H 12 month* 1013/*****1/16 Dw SwTn. IH1U. 1 month 3147 words
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Article34 1983-07-15 2 RANGE at prlcw oOt red by dl«count kOMM on July M Owntgkt: S Call deports: I 1 CM* Mi 5- month t 1 Wh| 11/11 715/16 7 5/16 7% Source: National Discount Co34 words
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Article17 1983-07-15 2 THE dollar yesterday opened steady in a quiet market awaiting further chiet on US interest rates.17 words
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Article478 1983-07-15 2 THE local foreign exchange market was In an uncertain mood yesterday, in line with the uncertainty over US interest rates. The local currency was stable and remained strong as other currencies weakened. The US dollar opened at 552.1290/00 and was traded to a high of 12.1306. The low478 words
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Article120 1983-07-15 2 THE DOLLAR yesterday recovered from an early low of 239.60 yen to dose at the day's high of 240.66 yen on shortcovering, mainly by US banks in Smith-east Asia. Expectations of a large increase in US M-l money supply figures to be announced today may have prompted position adjustments,120 words
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Article280 1983-07-15 2 GOLD FUTURES in Singapore yesterday closed steady to slightly higher compared with New York s level after fluctuating narrowly throughout the session. Total sales for the day was recorded at 160 lots while kerb volume at 420 lots Prompt closed little changed at U*****.00 425.50 an ounce compared with280 words
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Article39 1983-07-15 2 Wad TM New York 12J0B 12.27B 11 JIB 12 MS Zurich 12, SB 12J5R 12JB6 12. «S Singapore iron 121SR 12. Its H*K Cloaing prk *a la US < kalian a troy ounc a. Source: Credit Suisse, S'pore39 words
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Article57 1983-07-15 2 THE US dollar yesterday rase against other major currencies in moderately active late bust- itM fHterday (HK pa- 1): US 7 .14/7 .1* UK mo/mo Brunei JJ3 U5 W Gnu; ITd/XTB Mataytfa IM/IM PWHntaM MB/MB Stefsporc LM/3JI (HT fm U): Burma 1* U ladta MB /UB (HK per UO)57 words
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Page 2 Advertisements
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Advertisement188 1983-07-15 2 U-LINE AUTOMATIC ICE MAKER The New let Age Crisp, clean ice cubes to add to your entertaining pleasure. A wide selection of models to fit any need, any decor. Kitchen, Rec Room, Patio, Office, Boat, Apartments. Motels/ Hotels Modal WCM 45 products 10kg. (22Ms) of ico cub* pftr day Model188 words
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Advertisement100 1983-07-15 2 Toulouse- Lautrec Comes To Tanglin W This supreme painter-poet of Parisian nightlife in the naughty 1890's captured a zest for life which we would like to share with you. Good food prepared by Chef Grasset, wine, live jazz from 9.30 pm by Cha Cha Hogan, Jeramzee and others. At Bistro100 words
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TRADE AND INDUSTRY
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394 1983-07-15 3 KOH TSE YING - By KOH TSE YING SOUTH Korean builder Shinsung Corporation has secured its first local construction contract, 11 months after opening a branch office*here. The contract, valued at $12.4 million, was awarded to Shinsung by Apollo Properties. It calls for the construction of two sixstorey394 words
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139 1983-07-15 3 THE Advertising Standards Authority of Singapore should develop monitoring facilities to ensure that advertisements are withdrawn before they have an adverse impact on consumers. This was proposed by Mr Ivan Baptist, executive secretary of the Consumers Association of Singapore, at the seventh annual general meeting139 words
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Article424 1983-07-15 3 TIMBER exports continued to pick up in April after suffering a fall in February. This helped to improve cumulative export figures for the first four months which were, however, still below those of the same period last year. Total volume of timber and timber products424 words
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309 1983-07-15 3 JOHN LIM - By JOHN LIM THE CsM Storage greap will set sp stop la the Katoag ares aad, at the same time, take Its first stop into the department store trade. Csld Storage, a feedbased grasp, will set ap Its first ii.psitau.nt store la309 words
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576 1983-07-15 3 AGNES WEE - By AGNES WEE COST is the overriding (actor in the shift in office space away from the Central Business District towards the fringe and suburban areas. This is the view of Mr Lira Lan Yuan, president of the Singapore Institute of576 words
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TRADE TALK
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Article, Illustration214 1983-07-15 3 manufacturer, Thermobinder Nederland, has introduced a bookbinding machine in which all the operations involved in producing the book are easily visible to the operator. The machine contains four function stations in which the loose pages are clamped in position, the back of the book is trimmed, glue is214 words
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Article62 1983-07-15 3 has opened a third showroom at Lucky Plaza. The new showroom, facing the main ground floor entrance, stocks a range of prestigious names including the Vacheron Constantly Patek Philippe, Piaget, Rolex, Chopard, Eteraa and Concord. The Patek Philippe timepiece named the Galaxy, for example, sparkles with 132 diamonds62 words
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63 1983-07-15 3 and Telegraph Co said its specialised switching service designed to transport large quantities of data as "packets" of information from one location to another is now available to business customers in the US. The "basic package switching service" acts as a switching arrangement to enable63 words
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168 1983-07-15 3 THE PUBLIC Utilities Board is inviting tenders (or the supply, delivery and installation of land and submarine cables from Pulau Seraya power station to the Singapore mainldhri. A PUB statement yesterday said four 230 kilovoh submarine circuits wQI be installed linking Pulau Seraya to168 words
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Page 3 Advertisements
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Advertisement111 1983-07-15 3 ,*k: ~4 It already has. Already in service in the Boeing 757the world's most fuel efficient airliner the Rolls-Royce 535 has established impeccable records in fuel economy and reliability with Eastern Air Lines, British Airways, Monarch Airlines and Air Europe And the 535E4 engine, entering service next year, will give111 words
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OVERSEAS
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525 1983-07-15 4 Reuter A SENIOR US defence official said on Wednesday the Soviet Union had made some positive moves towards reaching a strategic arms agreement, but there was still a long way to gm before an accord could be signed. Richard Perle, assistant secretary forReuter - 525 words
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Article202 1983-07-15 4 Reuter THE United States Senate approved President Reagan's request to end a moratorium on production of chemical weapons and to allow the making of nerve gas shells. Vise-President George Bush broke a 4M9 tie on Wednesday and cast the deciding vote to defeat an amendment thatReuter - 202 words
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Article234 1983-07-15 4 AP THET'West German cabinet has approved a proposed law cracking doWn on demonstrators in a bid to curb .violence such as the receq} attack on US VicePresident George Bush's motorcade. The proposed law would make it a crime punishable by up to a year in jail toAP - 234 words
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Article334 1983-07-15 4 Reuter THE United States has again offered to relax some of the sanctions it imposed against poland provided the Warsaw government begins to liberalise its military rule. White House spokesman Larry Speakes said on Tuesday that the Polish situation was discussed recently at a meetingReuter - 334 words
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Article191 1983-07-15 4 AP THE Usited Stale* was OMvlag to provide high technology to —China beeaase "we believe a reaseaable balaaee" betweea Cblaa ik the Soviet IJaiea "is la ear interests," a a sealer defence «fndaJ sail aa Wedaeaday. At the same time, aaristaat secretory Richard Perle madeAP - 191 words
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Article340 1983-07-15 4 Reuter PRESIDENT Joao Figueiredo has announced further austerity measures (or debtplagued Brazil, saying its economic crisis was becoming graver at home and abroad despite great sacrifices and effort by the people. At the same time, an International Monetary Fund (IMF) team reported progress in talks aimed atReuter - 340 words
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286 1983-07-15 4 AP THE government's Pemex oil monopoly has announced a plan to spend about US$lOO million each month on supplies from Mexican companies with the aim of reducing dependence on imports. Director-general Mario Ramon Beteta, who has promised to rid the company of corruption, saidAP - 286 words
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Article, Illustration202 1983-07-15 4 Reuter THE British prth—l ku 55---«- ▼etlag by dectatve ltt« Ukety I* «Mwigt My farther Uds to ehute the tow. Member* e( the aewlyed by Prime Mlalster Margaret Thatcher's Ceaservatfve Party were aetoa lahed by the ezteat ef the baagtog tohby*a Meat ea Wedaeeday after aaReuter - 202 words
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365 1983-07-15 5 Reuter BITTER Industrial unrest could hit Britain in 1964 if the Conservative government pushes through planned new laws curbing the power of organised labour, trade union sources said on Wednesday. But unions plan to fight enactment of the legislation by public arguments and throughReuter - 365 words
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Article, Illustration78 1983-07-15 5 THOUSANDS of Chinese have km miMBiM to kelp ntafcne dykes like tkte sae aleag a trlkatary sf tke CklaagJlaag (Yaagtee) River M water levels reMhed imager narks. Twe weeks ef torrential ralas la a eatofc—l area aleag tke Chlaagfaag kave already claimed N lives. Tke eatekmeatSource: UPI picture - 78 words
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Article210 1983-07-15 5 Reuter US RETAIL sales rose by US$697 million, or 0.7 per cent, to a seasonally adjusted $99.12 billion in June from May, the Commerce Department said. Last month's rise followed a revised 3.1 per cent gain In May. The May increase, revised from 2.1Reuter - 210 words
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Article407 1983-07-15 5 NYT THE French motorcar industry is bracing itself (or another hot summer of labour strikes. This follows the dramatic disclosure of Peugeot, France's troubled private car group, that it intends to reduce its labour force of over 100,000 people by more than 10 per cent. LabourNYT - 407 words
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Article102 1983-07-15 5 Reuter US consumer instalment credit outstanding rose a seasonally adjusted US$2.7 billion in May after rising by $2.27 billion in April, the Federal Reserve Board said. The May increase was equal to a 9.3 per cent annual rate of growth. The annual growth rate was 7.9 perReuter - 102 words
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529 1983-07-15 5 AP THE world is "quite clow to the precipice" of debt and economic crisis and rescue efforts will dominate the Commonwealth summit in New Delhi next November, Commonwealth secretarygeneral S S Ramphal pre» dieted on Wednesday. "The signs of recovery which mayAP - 529 words
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Article318 1983-07-15 5 Reuter OPEC oil ministers are expected to reaffirm the terms of their March London agreement on pricing and production when they meet in Helsinki next week, industry sources said. They credited the London accord with stabilising the market and noted that spot prices areReuter - 318 words
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WORLD IN BRIEF
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Article348 1983-07-15 5 Agencies UK INDUSTRIAL production rose a provisional, seasonally adjusted one per cent in May after a revised 0.7 per cent rise in April, Central Statistical Office figures show. The May all-industries index was provisionally set at 1017 (ban 1575), 2.4 per cent higher than in the ■am*Agencies - 348 words
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Page 4 Advertisements
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Advertisement385 1983-07-15 4 We would have let it speok for itself.. V •> t T V t 1 l< I A fter a the MOTOR is the best selling machine in f Z\ Europe with over 100,000 installations worldwide. And all f B m that \/ni i rtaari in ri in it \Avith385 words
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Page 5 Advertisements
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Advertisement226 1983-07-15 5 CUlpotnt Industrial Complex ...where your factory should be located Citipoint Industrial Complex, situated along Paya Lebar Road, is well-equipped with the latest facilities 6 storeys at warehouses and flatted factory space 2 spacious cargo lifts of 3,000 kg capacity and one passenger lift with capacity for 18 persons 4* 34226 words
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Advertisement8 1983-07-15 5 I jSE rartr Hr?+ im t+y 4*+* pT^?rrK8 words
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RAW MATERIALS
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489 1983-07-15 6 Reuter AUSTRALIA'S wheat output in the 1963/84 season is forecast at 17.3 million tonnes, nearly double last season's drought-hit crop of 8.8 million tonnes. The government's Bureau of Agricultural Economics said in its first wheat forecast for the season that the crop reportReuter - 489 words
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Article106 1983-07-15 6 THE Malaysian crude palm oil market yesterday closed quietly higher on covering against the current month. In July, south region rose Mslo to M 5817.50 a tonne while north gained MJS to MsBlo. The refined market also ruled quiet, with RBD palm oil in August losing US$5 to106 words
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Article193 1983-07-15 6 WHEAT futures in Chicago on Wednesday ended 2V4 to one US-cent a bushel higher in moderately active trade. September traded in a 4V« cent range. Nearby support stemmed from tight supplies of newly harvested wheat, traders said. Many farmers remained strong holders since prices were below levels at which193 words
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Article175 1983-07-15 6 CHINESE Prsdaee Exchange, Slagapare, saaa daring prices per lMkg yesterday. Csesaat all: Bulk fob $119.00 sellers, old drum (in second hand drum) fob *132.00 sellers, new drum fob {136.00 sellers. Capra: Mixed (loose) $70 buyers. Pepper: Muntok white pepper fob Asta NLW $370.00 sellers, Sarawak white pepper (aq175 words
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Article196 1983-07-15 6 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattsa yara: China Blue Phoenix 20b 2,515; 32s 3.280, 40s 3.385 (per bale of 400 lbs). Piece gsads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article93 1983-07-15 6 SOYBEAN futures in Chicago on Wednesday ended 6V« to 7 V* US-cents a bushel lower in moderately active trade. Both August and November traded in an eight cent range. After two days of sharply higher prices, traders took profits on forecasts calling for passible showers this weekend. Heavy soybean93 words
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Article223 1983-07-15 6 RUBBER PRICES in Singapore yesterday closed slightly higher with August One RSS buyers quoted at 246.50 cents per kilo, up 2.25 cents from last Friday's close. Morning prices were marked up slightly on some speculative buying after a higher opening. Afternoon prices gained further ground on continued buying support.223 words
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Article32 1983-07-15 6 Rubber: July 14 Singapore: August: 246.50 cents (up 2.25 cents) Malaysia: August: 266.50 cents (up 3.00 cents) Tin: M 530.67 per kilo (down 30 cents) 127 tonnes (down 175 tonnes)32 words
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Article88 1983-07-15 6 THE STRAITS TIN price la Penaag yesterday fell 91 cents to M $31.17 a Idle la line with lewer prices on Leaden's Metal Exchange. lie new level Is still within the ITA lewer range ef M 521.15 and MSS2.M. The buffer stock maaager was seen sappertIng at this88 words
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Article455 1983-07-15 6 RAS prices in cents per kilo yesterday: NM (per Ulo) Buyers Sellers Int. 1 R S-S prompt f o b 242 50 343.S0N Int. 1 R.S.S August 246 00 H? Int. 1 R.S.S. September M OO 248 SO lilt. 2RS S ***** 233 SON 230J0 232.50N lilt J455 words
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Article328 1983-07-15 6 SINGAPORE: Yesterday's closing prices in SS per kilo, ex-godown: THAI WHITE: 100 per cent first clajb (Kangaroo) new crop 1.04, 100 per cent second class 0.78, 100 per cent third class 0.73, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-auper 0.10. Special 0.54.328 words
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Article906 1983-07-15 6 COFFEE: Robusta coffee futures were unchanged to slightly easier at midday yesterday, as much as E2 a tonne below Wednesday's close. On Wednesday 50 original tenders were posted and yesterday morning nine retenders were notified. Uncovered positions in July remain large, put at 3,287 lots at Wednesday's close906 words
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Page 6 Advertisements
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Advertisement308 1983-07-15 6 "TiTflf"i"---* tfijgt Asia's Only Regional Business -o Daily OPEC Members St l fc. j I fey Ynumrf M. Snlu I tat aw brtrnn OP»C <4 «fe» futuir, IrtW to <*> £*\g> T*'.. tarn Omsk woold'tv Vkt br«|tK »Vj^s acttfl t»»rybod> *h—C > a the (MrnubunaJ %ti«i tor o< Colorado tn308 words
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Advertisement74 1983-07-15 6 Urgent USA delivery? Let Pan Am CPS deliver your small package today! 9 pack&9 ipp er Call us! we can pick up your urgent package and deliver it to California today, or to over 16,000 other U.S.A.communities tomorrow. Well take it to the plane, get it cleared through customs in74 words
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678 1983-07-15 7 ROBERT MCDONALD - ROBERT MCDONALD reports on the possibilities opened up by modern methods of producing alcohol and combustible gas from starchy crops, wood and animal waste. ROBERT MCDONALD FT EUROPE could develop a biomass conversion industry producing energy equivalent to two million barrels of oil aFT - 678 words
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Article123 1983-07-15 7 LIM HO HUP - Letters to the Editor LIM HO HUP IN reference to yew article "AFC to be active to Me financing" (Business Times, July 11) I weald appreciate the courtesy ef year eeloma to clarify to prlat the following points: (I) As AFC is registered with the Registrar ef123 words
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Article201 1983-07-15 7 Ch'ng Hee Kok - Ch'ng Hee Kok YOUR headline report "United Engineers to leoe major agencies" (Business Times, July 2) highlights an interesting and important Issue for the investing public which is not often discussed. Like United Engineers, a number of the public listed companies have trading ns their main business201 words
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Article, Illustration923 1983-07-15 7 'Remember bright blue skies? Remember big, white fluffy things?' asked a columnist recently of Mexico City's residents. 'Here, for the last four or five months, you look up into a white or dark haze. Shortly after sunrise, on brighter days, you can look outUPI - 923 words
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Page 7 Advertisements
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Advertisement183 1983-07-15 7 SAVE $***** on your new concrete pool! v wr ap c ;:'-K w -'►V r O ooi rao womptete Pool Pockoge iWiTiTi The superbly designed POOLFAB system is tried and tested. Australia's biggest seller, the only concrete pool to win an Australian Design Award. 9m x 4.5 m (30' x183 words
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Advertisement152 1983-07-15 7 YOU CAN ADJUST IT, EXTEND IT, ADD TO IT, TURN IT AND RAISE IT Meet the future of office furniture. Facit Terminal Furniture: so thoroughly designed you will never need to replace it. Everything's been thought of: materials, angling and surfacing, colour co-ordination and even left-handedness. Facit's unigue interpretation of152 words
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Article584 1983-07-15 8 MANY established organisations may be willing to take up office accommodation in the fringe or suburban areas now. Yet only a few years ago some of them would frown at the thought of relocating themselves outside the hallowed central area. Then it was probably fashionable and584 words
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1044 1983-07-15 8 ERICH HEINEMANN - Eight years ago, American Express got out of the mutual fund business by selling a subsidiary which ran six funds with a modest US$4OO million in assets. But today, American Express has re-entered the industry with a flourish. ERICH HEINEMANN reports. ERICH HEINEMANN NYT THENYT - 1,044 words
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491 1983-07-15 8 PAUL LEWIS - By PAUL LEWIS NYT WHEN Francois Mitterrand took the reins of government in 1961, he also took command of many French businesses by nationalising key companies and banks. The socialists still hold control of the government. But groups of smart investors have begun bandingNYT - 491 words
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835 1983-07-15 8 MICHAEL BLUMSTEIN - By MICHAEL BLUMSTEIN NYT BEGINNING in 1940, salesmen from Investors Diversified Services Incorporated (IDS) fanned out through America's heartland, urging people to save for their future by buying mutual funds. The pitch worked, and through the 1960s and early *****, IDSNYT - 835 words
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Page 8 Advertisements
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Advertisement166 1983-07-15 8 For details write to Lombard North Central PLC Banking Services. Dept 510. 17 Bruton Street. London WIA 3DH. England Telephone 01-409 3434 "We are not just talking productivity" In fact, we are rather serious about it. Enough to bring you Matex/Automat-Asia '83 Our twin shows to display the latest in166 words
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Page 8 Miscellaneous
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Miscellaneous855 1983-07-15 8 an] m\ j in i M I I ii 5* a Bri^tdW'rlWkLDid^ GOOD |MG> DCPvG So NOO'(?e ThC T£roP WO3G. *<*€. ONC Ok LfeJ"TS.<?S rD few LUMCHT>roe cwesTfeß-peßuv/'c] 6 ci*, cm V( -nl( -0 V Lr^J rtf C"" 1 "0\ ft i rr-rmC i T«SV fe) £°-> &HCU 6€ NO)855 words
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Article, Illustration1355 1983-07-15 9 ENID NEMY - By ENID NEMY NYT THEORETICALLY there is little gender difference in tlje preferences and demands of hotel guests. In fact, women travellers, especially women on business trips, aren't as willing as men to accept shortcomings without complaint, or shrug off a lack of amenitiesNYT - 1,355 words
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809 1983-07-15 9 AGIS SALPUKAS - By AGIS SALPUKAS NYT FROM the September day when he took over the helm at Pan American World Airways two years ago, Edward Acker has had to scramble to buy the time he needed to restructure the company. As losses mounted,NYT - 809 words
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Page 9 Advertisements
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Advertisement317 1983-07-15 9 j, The Plaza Service Apartments I Designed for the short-term residents who require all the comforts and privacy of a home away from home. The Plaza Service Apartments are luxuriously furnished and equipped with top-class service and facilities, right in the heart of town with a j panoramic view of317 words
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Advertisement299 1983-07-15 9 Hongkongßank Interest Rates Time Deposits We now pa\ I)ail\ I uteres! on all Savings Accounts Calculated dail> at 6 1 4 0 op.a. Credited monlhlx. MAIN OFFICE: OCKAN BUII.DING: lOCollyer Qua\ #01-01 Ocean Building. Singapore 0104 Tel: *****77 BRANCHES: BFACH ROM): 115 Beach Road »01-00Singapore07l8. Tel: *****75 Bl KIT PANJANG:299 words
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Page 9 Miscellaneous
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Miscellaneous672 1983-07-15 9 t -11-ORE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Provide in a flexible fashion' (6) 7 Found reference to one who seemed high (6,2) 8 Not a clever sort of angle 10 Had no seat, but was a candidate (5) 13 A fight, but about nothing (4) 14 Seem happy to turn672 words
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Page 10 Advertisements
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Advertisement880 1983-07-15 10 Where to wine, dine and entertain H with the American Express Card Mm. you don t alread y hove the Card, call *****33 for an application form" Discotheque We're blasting off tonight and every night at Para Wave Discotheque Take off to the stars groove to the pulsating rhythms spun880 words
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Advertisement207 1983-07-15 10 Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, youll find our staff friendly and efficient, our food appealing and delicious. Try our famous claypot specialities. Hainanese chicken rice and other dishes. SMC**CW For reservations, please call *****22 ext.207 words
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INTERNATIONAL STOCKS
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Article373 1983-07-15 11 AUSTRALIAN sharemarkets closed modestly higher for the sixth successive day, due primarily to solid rises by BHP and a small number of other leading resource stocks. The markets opened slightly easier but recovered on active buying among a small number of leading resource stocks. Near the close373 words
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Article412 1983-07-15 11 SHARE prices yesterday closed slightly higher in dull trading with investors on the sidelines. The market average added a provisional 1.38 to close at 8,884.96 on a volume of 300 million shares. The Tokyo Stock Exchange Index ended at 654.02, down 0.49. Small and medium-sized shares rose at412 words
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Article178 1983-07-15 11 SHARE prices yesterday closed generally higher in quiet trading with cement group leading the activity. The Book Club Index rose 0.42 points to 127.90 on a turnover of 34.2 million baht with more than 290,000 shares traded. JULY 14 Bahta Aokham Thai Aata Fibre 146 1 Afuth*y* In* And178 words
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Article179 1983-07-15 11 JULY 13 ru ABN VMM -3J Ahold IOOJO -4.2 Akao 07.00 -12 AMFV 121.50 -2J AmfAi 80-50 -1.7 Amrobnk <0 JO •LY S3°" 25 JO -0.7 BoU -1.7 Borsuccr ***** -0 Botka 40.50 -1 Burtet 47 JO -2J Ckland 33 JO -OJ CalT 27&00 -0 Dtli lilj 70.00 -1.4179 words
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Article79 1983-07-15 11 JULY U Dm A«f-T*k«funk«n BAsr TO JO 14ft. 00 -0-5 -17 Baitr 14ft.SO -31 BMW W -13 Commvribank 174-TO -4-3 Contl Oumml 106 90 •1.1 Otlmltr-Bttu S75 00 Defuan Demaf DcuUche Bank 334 ao -4.4 Drcadner Bank mio OHH ***** •U Hoechjl Honch 1M.70 -r 51 JO KinUdt KHD79 words
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Article86 1983-07-15 11 JULY 13 rr» FORWARD MARKET Acec am -a Arbed 1300 -10 Astur 480 unch Brmjcan 1490 1886 -30 C«nP« -46 Cock MO unch De Be«rt 4M 1 Ebes 3415 -10 Electrobel «3S0 -30 Ob-Inno-Bm 3100 Qvw Or Bni Lamb Hobo* PMTO Ryl Dutch Stdro nts as6 «no mo 230686 words
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Article194 1983-07-15 11 JULY 19 Francs Actions Sulises 29] -J Alusulsae Br. Alusulaaa Rag. Brown Boten Br Clba Oelfj Br 7« m 1M0 no -S -10 ciba a*ttr pc Oht Oelcy Ret Credit Suisse Br Credit Bulaac Rag Elektrowatt Br Oeorte Ptacher Br Olotous Pc 1615 -10 B> unch am IK ais194 words
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Article144 1983-07-15 11 SHARE prices yesterday closed mixed on a turnover of 2.3 million pesos, down from Wednesday's 3.41 million. The Commercial and Industrial Index was down 0.10 at 115.11 and the Mining Marker was down 8.02 at 1,525.04. The Oil Index was unchanged. Philex B fell to 0.20 from 0.2060 and144 words
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Article385 1983-07-15 11 HONGKONG STOCKS yesterday closed firm with the Hang Seng Index ending up 38.18 points at 1,064.73, a three-month high. Dealers noted active institutional buying in the wake of talks between China and Britain on the future of the colony, although these talks were inconclusive and a second meeting385 words
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Article1416 1983-07-15 11 NEW YORK WALL STREET stock prices on Wednesday closed slightly lower on a lighter volume as many investors stepped to the sidelines ahead of Federal Reserve chairman Paul Volcker's testimony before Congress yesterday. The Dow Jones Industrial Average, which plunged more than 17 points on Tuesday1,416 words
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Article275 1983-07-15 11 JULY U Rand INDUSTRIALS A Alpha an unch Abercom 250 unch AE And CI 9006 900 10 JOTS 5C B&slowi 1390 410 C O Smith unch CNA 1580 -90 Cum* rintnct TO unch Dt Bwri Ind Edcon ■dear* rid Volk 430 unch Puctt 400 unch Ortumn Hlnld ZZ ao275 words
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Article214 1983-07-15 11 JULY U AbtUM Alrmn CI Bft Wt uneh 4 14 piSBB mm -ft -ft I hjpy 1 ■■■•K a It BS a* -ft c amp Red Lake Can Ibd Bk S3H -ft Can Pi m Mf Ctnpic 45* -ft P*rlln« fVKMft XI* -ft Cmbl Rd Lk 35H Cn BUirt214 words
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Article193 1983-07-15 11 JULY IS rr* CORBEILLE Alr-Uqutde B 8 N Oerrali DtnoM tat 10 1MB 4i C 8 r (ThomjonOrfl„ 146 •U Cte Prancalae de» Petrole* 1BJ0 -a.4 Credit Poncler 119 -s Hachette >000 (Ubcalrt*) Machine* Bull JO T rtl Mlchelln (B) 7M -5 m unci) Peugeot 1M -1 Philip* <N»193 words
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Article77 1983-07-15 11 Buinfi 210 Bel C*ntrai* CM 1710 Cond Acqui Roma Erldanla Plat Ord -25 -«ao Ocnerml! 12M00 Olm in ph. Inmt MK -IS Ilalcemtnu Ord H.U! ISA Itaijaj n» ♦4 Upctlt Ord Htdlotanct ***** 160 M llano A« Ord Uondidorl Prl* H rm unch Montedison m -4 Olivetti Ord 1877 words
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International ROUNDUP
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Article278 1983-07-15 11 largest trading company, reported a 25.2 per cent drop in consolidated net earnings for the 1982 fiscal year ended March 31. A company spokesman on Wednesday blamed the earnings drop on the lingering global recession. The economic slowdown resulted in increased sales with lower profit margins, he said.278 words
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Article452 1983-07-15 11 said the 20.2 per cent increase in its consolidated net income in the first quarter to May 31 was attributable chiefly to production cost control efforts. It said first quarter net income rose to 20.65 billion yen from 17.18 billion a year earlier, on sales of452 words
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Article247 1983-07-15 11 (Socal) will report a sizeable gain in net income for the second quarter, chairman George Keller said. In last year's second quarter, Socal earned US$263 million, or 77 cents a share, on revenues of $9.37 billion. Keller made no specific forecast. Final results will247 words
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Article822 1983-07-15 11 SHARES closed firmer yesterday as prices rebounded after recent falls in response to mainly domestic buying interest, dealers said. At 3pm, the Financial Times index was up 9.7 points at 686.6. Good results from major companies, a firm government bond market, a higher Wall Street opening and some822 words
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Page 11 Advertisements
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Advertisement144 1983-07-15 11 m H C 1 M 11 CHINESE RESTAURANT For the best in Cantonese Cuisine, come to us Malaysia ORIENTAL GOURMET 'Ample Parking Facilities* —Business Hours: 11.30 am 3.00pm 6.30pm 11.00pm SS oi:n:nr A' uoucrtii:: m 21 0700 Cuscaden Road, Ming Arcade, Singapore 1024. Tel: *****25, *****98 n The Art of144 words
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3315 1983-07-15 12 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Times Settlement Contracts are quoted after3,315 words
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Article3447 1983-07-15 12 1983 High Low Company Last Sale orGr'. Div Div CTT Gr*s YTd Net P/E Vol Day COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 288 364 287 306 410 120 272 293 288 880 520 535 1570 535 214 340 545' 870 480 472 1040 310 0853,447 words
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Article2136 1983-07-15 12 BID and offer price* officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified INDURIAU UkwHi (3.305) (3) 3.30 Afeaa (3.48 B) (2) 3.54 (3) 3.«2,136 words
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Article766 1983-07-15 12 THE Itetl «toek market recovered from t weak early ssaalaa to etose slightly steadier yesterday aa ssme late hayiag ssppsrt. Bat there were mare prlee decUaes thaa rises. lie Badaea Times Cempeslte ladex was dawa 5.0 pslats ts KMB aad the Straits Times ladastrial ladex was766 words
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Article441 1983-07-15 12 POOR leads from Wall Street caused some uneasiness among local investors, leaving share prices generally easier on the Kuala Lumpur stock market yesterday. The New Straits Times Industrial Index (ell 10.71 points to 1373.03. Total turnover fell to 11.06 million units valued at MJ47.53 million441 words
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Article181 1983-07-15 12 Muigen' p> toes for Jmly IS SINGAPORE UNIT TWJST DIAMOND MOT: rroBi 1 The Commerce 3.40 3 61 June July The Savings Fund 1* 110 Diamond S'pore Prog Fund 153 1.62 S pore Fd (US*) 0.55 0.58 S'pore Sec. Fund 2.31 145 St 1.15 US S'pore Invest Fund181 words
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COMPANY NEWS
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484 1983-07-15 13 Reuter 'The terms of the American Co s transaction to n jbay Alleghany Corp's main asset caused the profit wind:s«l to be less than many wall Street investors had hoped, securities industry 'analysts said. American Express said it acquire Investors 'Diversified Services from AlleghanyReuter - 484 words
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Article333 1983-07-15 13 yA Csmpaay Paitiealars Ex Date B—ks Clsse t Dutabt PAN Bonus Issue of 2 for 1 Proposed bonus issue Jul 5 Jul 18 IVi Fed CtUM o(l for 2 NYA NYA Proposed rights issue |P of 1 for 7 flwrpi Tvwa 6 11.50 per share NYA NYA II333 words
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Article153 1983-07-15 13 PBGI Malayrta Berhad: AGM to be held at 17tta floor, Komplek Kewangan, Jaian Raja Chulan, Kuala Lumpur, on Monday, July 18, at 11am. TDM BcrM: Eighteenth AGM to be held at the Cempaka Room, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur on July 18 at 11 am. METAL153 words
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425 1983-07-15 13 Reuter THE Tokyo stock market average could reach the 10,000 level in the next few months, stock analysts said. "The average might rise above the 10,000 mark towards the end of calendar 1983," Nikko Securities Co Ltd manager Masahiro Wakita said. The marketReuter - 425 words
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206 1983-07-15 13 UPI AMERICA'S three biggest carmakers' profits will top US$5 billion in 1983 because of increased sales, lower marketing costs and overall cost cutting, analyst Mary Ann Keller predicted on Wednesday. Mrs Keller, a stock analyst with Vilas-Fischer in New York, told the Automotive News WorldUPI - 206 words
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843 1983-07-15 13 MAH Poh Cheong Sdn Bhd (MPC), the new owners of B—Ml Mali yds lai—tiln (SMI), is finalising plans to inject some of the familyheld assets and properties into the public vehicle and to mould it into a more dynamic company. Mr Mah Slew Kwok,843 words
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Page 13 Advertisements
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Advertisement0 1983-07-15 13 _(?*?.*&+<*^+^\|?"=)\":`+]?`?)~0 words
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Advertisement1102 1983-07-15 13 WELLS FARGO BANK'S SINGAPORE OFFICE. PART OF A SYSTEM OF BANKING FACILITIES EXTENDING AROUND THE WORLD. Statement of Accounts of Wells Fargo Company and its principal subsidiaries including Wells Fargo Bank for year ended December 31.1982 (in Thousands). Cash and due from banks 1.685.372 1.719.839 Interest-bearing deposits 990.536 858.606 Investment1,102 words
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Chief Price Changes
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Article170 1983-07-15 14 Rites Indices UM UljrfM 8U Mai* lad 300 MO >115 78 July 13 July 14 Hoa* Lmii lad Toxtila Corp 836 370 36 32 BT Composite: ***** 929.08 C Saaara 8 P Taxtlle 1400 30 BT Indicator: *****09 *****30 306 +38 ST Industrials: 965.09 960.48 G 1 Ufa 1835170 words
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Article, Illustration158 1983-07-15 14 Rises Indices JAP Coats 680 +300 July 11 July 14 Norsechem i 870 +1« SMI 720 +85 MBT Index: *****44 *****25 P Cfcem 1250 +60 NST Industrials 1383.74 1373.03 KLInd 860 +50 NST Finance: 2531.74 2501.15 Keck Seng 696 +40 NST Hotels: 658.27 657.52 Tongkah AMD 340 480158 words
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Article50 1983-07-15 14 H.K.HANG SENG Thursday 1004.73 Wednesday 1020.65 Week Ago 1033.39 AUSTRALIAN INDUSTRIALS Thursday 752.7 Wednesday 751.5 Week Ago 748.1 ALL ORDINARIES Thursday 823.4 Wednesday 821.8 Week Ago 811.5 FINANCIAL TIMES INDUSTRIALS Wednesday 878.9 Tuesday 682.1 Week Ago 808.8 DOW JONE8 AVERAGE INDUSTRIALS Wednesday 1197.82 Tuesday 1196.52 Week Ago 1220.8650 words
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Article, Illustration599 1983-07-15 14 CHRIS LIM - s™ Companies Editor: Mano Sabnani By CHRIS LIM LOCAL stockbrokers, like their Malaysian counterparts, have taken steps to discourage excessive speculation in the stock market. Many of them have asked their clients to place deposits on their purchase orders, particularly where the purchases599 words
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376 1983-07-15 14 Reuter CARRIAN Investments Ltd (CIL) said it has agreed on two packages of asset sales which are expected to raise about HK$B35 million partially to meet its debts. The company said in a statement that it will sell all its interests in the USReuter - 376 words
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251 1983-07-15 14 FOLLOWING toe eemplettoa at tWS Mi a righto lane, Syarihat Pw 4>lu Kckupua (BPK) will ralae its stake la the calami paM-ap capital at SPK-Seataaa to tt.l per eeat trsaa M.4 per eeat. la reply le a Kaala La» RStoek Exehaage faery, -Beateaa aaM,251 words
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Article52 1983-07-15 14 Reuter WALL Street stock prices rose sharply In early trading yesterday as Investors awaited testimony from Federal Reserve Board chairman Paul Volcker at his reconfirmation hearing. The Dow Jones Industrial Average was 6.21 points higher at 1204.03 and advancing issues were ahead ot losers about five toReuter - 52 words
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202 1983-07-15 14 THE property arm of Sim Lim Investments Ltd has set up a wholly owned subsidiary to undertake the development of a shopping and office complex at Rochor Canal Road/Bencoolen Street. Sim Lim informed the Stock Exchange of Singapore that the new subsidiary of202 words
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Article738 1983-07-15 14 Taking Stock... Hock Lock Siew PLANTATION companies, apart from those at the top of the league, have traditionally been less glamorous than those on the industrial or property fronts. But recent developments related to revaluations or restructuring of these companies, plus the ever avid interest in someHock Lock Siew - 738 words
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Page 14 Advertisements
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Advertisement178 1983-07-15 14 SEE PAGE 11 FOR LONDON STOCKS The Sundrape way to keep out the glare Now you don't have to block the sun out completely just slant it away from you Shut out the dazzling glare And still enioy the view Tug gently on an endless pearl chain It opens, slants178 words
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Advertisement137 1983-07-15 14 Ifs Le Gourmet s house wine why not yours? Pete Patriarche from Escoffier. Dine at Le Gourmet, the intimate French restaurant at the Orchard Hotel and which house wine will you be served? No less than P&re Patriarche. The full-bodied and robust red and white wines from P6re Patriarche come137 words
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Page 14 Miscellaneous
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Miscellaneous58 1983-07-15 14 WE ATH ER I 3 OUTLOOK tor today: Fair with scattered showers. Repart for 24 hm prfor to 7J pm m Jsly 14 at tfcealrpert: Maximum temperature 31.7 Associated humidity 70 Minimum temperature 23.3 Associated humidity 83 Hours of sunshine 8.30 Rainfall in millimetres Nil Total rainfall for the month58 words
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SHIPPING TIMES
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237 1983-07-15 15 FQRTY-FTVE ships owned by 19 Singapore companies will be presented with awards for search and reseye on July 20. The Amver (Automated Mutual Assistance Vessel Rescue System) Awards w!l] be made by US ambassador to Singapore Mt Harry E T Thayer.237 words
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509 1983-07-15 15 JUNE LIM - By JUNE LIM CHARGEURS Reunis has ,placed orders with a French shipyard to build two container ships for its Far East/Europe trade. The new ships will serve as replacements for the 2,288-TEU Chevalier Paul and its sister-ship Chevalier Rate. CR has awarded509 words
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PORTSIDES
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Article67 1983-07-15 15 Reuter A STRIKE by foremen stevedores employed by one stevedoring company at the Port of Fremantle has been settled and work resumes today, a Fremantle Port Authority spokesman said. He said the strike began last week over a demarcation issue. The effect on shipping movements was minimal becauseReuter - 67 words
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Article119 1983-07-15 15 THE Hyundai Group has landed the contract for the construction of the main machinery for US Lines' twelve 3,600 TEU neWbuildings. A slowspeed, long-stroke Sulzer engine has been specified for each of the mammoth container ships booked from the Daewoo yard. The actual type involved is understood to119 words
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Article80 1983-07-15 15 Reuter A STRIKE by workers at Bangkok's Klong Toey port has disrupted unloading on all 15 ships there as well as land transport services, union officials said. The strike started on Wednesday, to protest against a new salary system that, union officials said, lowered floor pay forReuter - 80 words
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Article105 1983-07-15 15 GESURI Lloyd of Indonesia has assigned a fourth semi-container vessel in its Japan/Indonesia service. The latest addition is the 13.000-ton Ganda Perkasa, which has a capacity of 421 TEUs. The other three vessels are in the 10,000 dwt class, each capable of loading up to about 300 TEUs.105 words
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Article600 1983-07-15 15 SMpfAag Uh Pmgt CM AC Tartar AJaa AAmfcM Umt AUtrui Alpac Aatara An APC Uar APL AraMaaBu* AqoaUaaa Argeatlar A9CL Asia broker Ada Mb i k»ai AUuUaa AtMrmttaaOwt BaJt-Orto* BaWrOrtm Bangkok Coot BuIUm BBS Bar Liar Bra Aim Bcatafc Bengal LJarr Btntubi Bin* Star Bohier BSC fiawona600 words
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Article1157 1983-07-15 16 FREIGHT rate is still low but shows no downward trend with rate in certain sector of the dry cargo market firming up. A parcel of 12,750 tonnes bagged rice from Rangoon to Beira was fixed at a rate of U5522.50/tonnes FIO compared with similar fixtures reported a month1,157 words
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Article1725 1983-07-15 16 LIMITED grain chartering on Wednesday was reported out of the US at little changed rates but other sections of the freight market are extremely quiet and featureless, ship brokers said. A 52,000 ton grain cargo from the US Gulf to Japan received 114.90 against $15, while $15 was1,725 words
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Article194 1983-07-15 17 MAJOR shipping consortia operating between the Far East/Europe, Far East/Persian Gulf, Straits poets/Australia, Straits/Japan and ti* member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K** Line. Korean Shipping Corporation. Neptune Orient Lines. Otfent Overseas Container Line. Che Yang Shipping. AftfeO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedlioyd194 words
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412 1983-07-15 17 Lloyd's List A GROUP of creditors has demanded a stake of nearly US$5O million in a proposed new company to operate the remnants of Sea train Lines. The call threatens new delays in the creation of a framework to allow the New YorkLloyd's List - 412 words
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185 1983-07-15 17 Reuter THE Japan National Oil Corporation said it plans to reduce idle Japanese tankers used for the national crude oil stockpile to 19 from the present 27 towards the end of calendar 1963. About 2.3 million kilolitres of crude oil aboard eight tankers willReuter - 185 words
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Article97 1983-07-15 17 AFP CHINA State Shipbuilding Corp has opened two repair complexes (or foreign vessels in the north-eastern city of Tianjin and in Canton, in the south, the New China News Agency reported. NCNA said construction of another complex in Shanghai was being considered. The agency said that inAFP - 97 words
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347 1983-07-15 17 Fairplay SEA-LAND Service is planning to add Venezuela to its trading network. According to the line, it is "committed to the creation of a viable containerised liner service in the USVenezuela trade. For the moment, the line is being coy about whenFairplay - 347 words
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5007 1983-07-15 22 SCHEDULE A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of5,007 words
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Article707 1983-07-15 23 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Ship Voy Arrival for LCL Movement Date/Time Operator Cargo Schedule Location Takarl II M Blanc Maru 2150 15.7.83 2300 Cahaya TA3 0000-1100 B3 46/406 16.7.83 1300 MOL FSB 0600-0000/1600-1700 G3/G3 Or Chief 34E 16.7.83 1400 Jardlne707 words
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Article1652 1983-07-15 23 The leading shipping lines operating from local ports and their agents. A-B Adrtalle CsataMw Continental Feeder* (S) Cargo Freight (PK) AFKA African Shipping Agencies (S). Alra-Earasla Um Tramgroup (S) Ahrealdel User Service Klin Shpg (S). Alfred C TMffer Sea Consortium (S)/ Marinte* Enterprise (PK). A*ae Intra*,1,652 words
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Article517 1983-07-15 24 AT CONVENTIONAL WHARVE8 Vessel KEPPEL WHARVES Builder m Cherry Lanka Del Santiago Green Star Kota Wlsata SA Morgenster Straits Hope Equator IV OarsaSatu Hetlan JensonlV La Rloja Perils Shlnko Maru Shou Shan Silver Light PASIR PAN JANG Berth 22 28 8/9 5 10/1 33/4 21 23 27/8517 words
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Page 15 Advertisements
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Advertisement299 1983-07-15 15 Times Bookshops m LONDON Freights n/m ORIENT Exchange II CONSORTIA m SHIPPING Schedule vm/IX WHO Acts for Whom IX CONTAINER Schedules IX SHIPPING Events X SHIPS In Port X REGIONAL Weather X I \HDI\I AM 11 FULLY CONTAINERISED SERVICE TO U/ROPE VIA SUE? imCAIOt 31* KOWM OSWCt 138 IVI 6/8299 words
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Advertisement176 1983-07-15 15 SEALOHDE3 UASC UNITED ARAB SHIPPING CO SAG A.1.1. .A.l EXPRESS MULTI-PURPOSE SERVICES Loadmt for Kuwait (24/8), Shuarba (27/8). Jubail (30/8), Damnum (1/9), Doha (4/9). Dubai (6/9), Abu Dhabi (7/9) FULLY CONTAINERISED SERVICE 70 SHE NTOK WAY #04-02 C MAMNA HOUSE. SMGAPOAE 0207 TEL *****94 TELEX NO R*****9 CfS OfC 2nd176 words
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Advertisement573 1983-07-15 15 Companies Activities. Key Personnel. Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah) FASTEST SERVICE FROM SINGAPORE TO EUROPE ANTWERP ROTTERDAM BREMEN HAMBURG U.K. 17 DAYS 18 DAYS 19 DAYS 20 DAYS 19 DAYS NEXT SAILING M.S. ARNOLD MAERSK SINGAPORE: 21/7/83 PORT KELANG: 18/7/83 PENANG: 19/7/83 Via Feeder MAERSK RANDO573 words
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Page 16 Advertisements
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Advertisement396 1983-07-15 16 NOTICE iS K LINE KINKAI SUB We are pleased to announce the appointment of our new agents at Port KelangBOUSTEAD SHIPPING AGENCIES SDN BHD Al3 Wisma Kontena A. Pelabuhan Utara, Pelabuhan Kelang Tel: *****6, *****7 Tlx: MA***** Ist Floor Wisma Boustead 71 Jalan Raja Chulan Kuala Lumpur 01-02 Tel: *****4396 words
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Advertisement379 1983-07-15 16 NOTICE (Freight All Kindt) i i ■F~ k i v'i i N«xt Sailing Frata Europa ETO 18 July For further information pteaaa contact FRATA SHIPPING PT€.ITQ World Trada Centra. Suite 09-01, Maritima Squara, Singapore 0400. Telephone: *****04. WjJ VCf W TIKJT7 vAmashita-shinnihonline Mm JLiJLAW MmM COMTAMCNSCItVICCt A9*nrcttc/rniki IMb n Rxm379 words
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Page 17 Advertisements
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Advertisement629 1983-07-15 17 The Straits Steamship Group Overseas Containers Limited ONTAINERSHIP SERVICE TO UK CONTINENT a/7 vn M/S M/l 12/* 11/1 ii/t a/i a/i a/i H/1 B/1 12/» IV* n/« JttftVl WW! a/? a/7 a/7 a/7 n/7 SaM 14/7 17/7 I M/t «7/l MR. kUN| lEhmMi tiiWn CONTAIN!RSHIP SERVICE FROM UK CONTINENT Ktafi629 words
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Advertisement511 1983-07-15 17 ^:~\{=`/|-+-)][_>}@|]@*~-'<}"@" TUG-SUPPLY VESSEL REQUIRED We require 4 2 Units 4,000 to 5,000 BHP Tug-Supply Vessels on Tifne Charter Basis: 1 year option 1 ye#. I j < Will Also Consider Purchase Interested parties please send particulars by Telex to:- i JAKARTA, INDONESIA Telex No. ***** BHAYU IA and Singapore M/t.511 words
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Page 18 Advertisements
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Advertisement719 1983-07-15 18 Hapag-Lloyd IXPOKIS t *"C«o«x Eiprtts fctmtn Eiprtu Kratstn Bar c*» ft EMu|« "**•l Eiprtts Tatya by Inrttpod Bit S port P KftanfPtri Ituots Gtnoa H bur| B4bao Rdam Mu* Itwi hckmtri 20/7 22/7 25/7 17/8 14/8 23/1 19/8 30/8 15/1 Tata Eiprtts 21/7 ttmtbfmt *5/8 16/8 18/8 21/8 KartMnßa. 22/7719 words
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Advertisement406 1983-07-15 18 Ip: fe JtC.&.LINE ttHi tHItHHt L front '<0» CONVENTIONAL SERVICE To/From BUS AN S POME PENAWC P ttIANG SMRY OCEAN *07 N 27-19 M* 21/11 Mr 11 tot M.TMUIIR 13-1S Am FULLY CONTAINERISED SERVICE 10 IHROPI VIA Sl*/ J* hi thr I iwiMntnim ft I RDM I lIRttPI VIA Sill406 words
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Advertisement555 1983-07-15 18 EVERGREEN LINE MR [ASf fUROPf CONTAIN!R SIRVICI ACCEPT!* FCI A LCI CARGO FOR Sfif w IK 'Fu ROM MM UN ••rSuri U/7 11/7 U/l U/l JT| Je, f** *V/I 'vi u/i ii/i 23/ i i,m MM J/| 21/, W/t tl/l n J "'J *iso icciFTws La/fa i ra/ra r& «">555 words
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Advertisement801 1983-07-15 18 Burma Five Star Shipping Corpn. jßk "BURMESE NATIONAL LINE" 1 LOADING FOR RANGOON p«» /1(M MTMTIVnM 21/2 te z/«3 i B F S S C Ag«nt* m Moioyvo BOUSTEAD TEL NOS KL *****4/*****7—PKELANG *****1/8 PENANG *****1/8 Compomo AffMtMw 0* oWlE*=== "ARGENTINE NATIONAL LINE" COMPAMA PERUANA DC VAPOREES (C P V.)801 words
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Advertisement209 1983-07-15 18 CIS I NOSE MARITIME PTE LTD SUN UNION LINE •r KARACHI SERVI SM6APOK PJSLNK I K ORANGE IS My KaflfM W»TE*BWZE 21/7 21/7 jknw m. MUM/71'zmiM n K*Mt XMMY MW COMHT lE. 222M52/J 2JOUW MLOK NNfTM Mi M. WL KM" MUTM TMH 1 TMMPMT 111 r* I7BJ (172S TO PA209 words
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Page 19 Advertisements
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Advertisement1072 1983-07-15 19 PIL GROUP v y VEBBELS KOTA SEGAR KOTA MUTIARA KOTA ABADi VOYAGE SINGAPORE LOADING FOR: E-453 2/5 AUG HOOEIOAH, AQABA, ADEN E-455 5/10 AUG DJIBOUTI, HOOEIOAH. JEDOAH. AQABA, ADEN. PORT SUDAN E-457 10/13 AUG HOOEIOAH, JEDOAH. MOMBASA. DARES SALAAM. MOGADISCIO ACCEPTING CONTAINERS TO HOOEK) AH/AQABA/PT.SUOAN/MOGADISCIO Singapore Loading tor; 5/10 Aug1,072 words
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Advertisement620 1983-07-15 19 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE HAM B HAVEN 10 I 12/1 17/1 19/1 »/1 mi i n i/i 11/9 13/9 17/9 19/9 !t/9 21/9 5/11 7/11 12/11 14/ It EIMOPE (ROM EUROPE HAM B HAVEN ROAM T4»r*mT WWW MMI>I WWW City at E4Mv|fc SjM SjM bM Oaaka620 words
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Advertisement537 1983-07-15 19 P.T. DJAKARTA LLOYD Indonesian National Shipping Line TO US* WEST/ EAST COAST N GULF PORTS (FUUT CONTAfOtSED VESSELS) STOK UL HOUSTON SAVAMMH TOM BAtTNOK MYMUKH 708 11/7 4/1 IC/l 21/1 23/1 H/t MAMFMIT *#r MB 11/1 1/9 13/9 17/9 21/9 21/9 GOMA *n Mi 11/1 2 J/9 l/ll 19/19 11/19537 words
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Advertisement633 1983-07-15 19 BOUSTEAD SHIPPING AGENCIES BANK LINE EXPRESS DEPENDENT SERVICE TO UK/CONT r SPORE IVYBANK 23 Aug CLYDEBANK 20 Sep R'DAM HULL HMBG 19 S«p 21 S«p 25 S«p 15 Oct 18 Oct 21 Oct Lines U.S. GULF MRECT SERVICE f row Nott Hstn G*» GENEVEVE LYKES Std 17/7 iflMk LYKES 27/7633 words
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Page 20 Advertisements
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Advertisement1592 1983-07-15 20 I Kline KAWASAKI KISEN KAISHA, LTD. EXPRESS CONTAINER SERVICE FTHO VESSEL STOBE MOTIO KSSEL TOKYO N-YOM SVNAH J BRIDGE V2O IS Jul <att* *0«* MARU V7l 2 Aug 1 Sept 30 Aug M RUBY V 6 22 lut KISO MARU V 67 8 Aug 6 Sept K PIONEER V 231,592 words
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Advertisement585 1983-07-15 20 BWS\ sm CALIfORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE >n*| tar lOS RNGEIES SM FRANCISCO SEATTLE tACOMA VANCOUVER IC fa Fa Cantaawrs T W««" I Ar«c*s MSHVA WSStr 4 31taT AUSTRALIA EXPRESS CONTAINER SERVICE Acctptaf Fa/Fa CantMMrt PMUfli Spare mm Sydri Aha accapts "MR—r 2fM» 28/29 M, 10 Aa( f,„585 words
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Advertisement579 1983-07-15 20 pte ITD KOPINS MARITIME SERVICES 114 Anson Road *18-01. Tunas Building, Singapore 0207. Tal: *****22 A *****07 P Kelang T»l *****1/8 RED SEA/PERSIAN GUIF/MEOITERRANEAN SERVICES S pore Loading For: LEAOBON 21 My Bandar Abbas/Bandar Bushre HAEWOO NO. 2 28 Au( Assab/ Aleiandria/Benftuzi/Tripoi HAEWOO MO. 3 10 Sept Asiab/Weiandria/Benfhan/Tripoi ASIA MERCHANT579 words
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Advertisement604 1983-07-15 20 INTRASEA (PTE) LTD. IO An- >r» -2? 16. »ntern<itiona« Ho/'i >«r*»«|« it •<r 1 )?< YJ !H i?. 2 4f>S II '10 I inesi sa<Qim&ME&-SuEßtm BREAKBULK SERVICE TO EUROPE/UK ALP AC LINE service P Ketang Looting for: A L P A C AFRICA IC?*R 20 Aug 24 Aug MAURtTRJS/REUNWN DURBAN604 words
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Page 21 Advertisements
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Advertisement515 1983-07-15 21 rvtfrcniF TO EUROPE/UK (VIA SUEZ): MERCATOR 31W+ K CHANCE 13* TN BRIDGE 16* K JACEJIN 20N C PAUL 36* 0 CHEF 35* Also accepting cargo to/from Scandinavia MERCATOR S pore Closing Times: FCL Cargo 1500 17/7 LCL Cargo 0300 17/7 FROM EUROPE (VIA SUEZ) Havre 0 CHEF 34E Sailed C515 words
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Advertisement480 1983-07-15 21 HEUNG-A SHIPPIN Korean Flag Vessels DQNAtf SEMI CONTAINERISED DIRECT SERVICE TO I BANGKOK. KEELUNG. BUSAN, INCHON Vmml N» i Dmm/ 304* Own JOIN lb I Daium 30JN dt 7 Own JOCII im ww.- umcu i dcnviLE CHITTAGONG. CHALNA. CALCUTTA *nu< Cwt/JOtS Mf 307S mnrn* SIcWS >HI tMNTS WPTUN AQNCIS PTf480 words
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Advertisement1134 1983-07-15 21 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUHWNG 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG PWANG M/S SHARK A 1 NAH SOON SON. BHD IST ANO ?N0 FLOOR MAI THONG SMPPMG 231,134 words
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Advertisement55 1983-07-15 21 SOON KIAT SHIPPING PTE LTD iSJSSsSS.'tiSw MKM «'■»> REGULAR somas TO EAST MALAVSM A N Sln*ap*rr UK TH: «1»» (5 U"«>DIVISION Of THE TNT WORLD*!* GROUP Of COMPANtS REGULAR FCL AND LCL CONTAINER SERVICE TO: Australia Syimey, Meltaw*, FrwßMtte, AfetaMe, «rt»l New Zealand AkUm4, WelllaftMi, Lytttetaa, Napier Aeetpttag Carg* tar55 words
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Page 22 Advertisements
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Advertisement485 1983-07-15 22 r l'v<|i»iial Container Lines 2 Sailings Weekly Reliable Regular Punctual Berthing PS A 1500 Hrs Tuesday Saturday SINGAPORE ISLANDS UNI MIDDLE EAST REGULAR LINER Sfcm K fn| Mh|(r KUSU SUM) 26/30 M Dukai Abu Dhabi. Bi KUSU BLAND 24/28 Au» Citanbo. Karada. EAST MALAYSIA REGULAR LINER (Specializing in heayyWt cargo485 words
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Page 23 Advertisements
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Advertisement189 1983-07-15 23 PALKA UTAMA SHIPPINE [PTE LTD. Unkt >r ri) H* 00 i-Qmmg nt U*T tnMNiMHI NXU SAKTI 21 My 21 My S«mrMi/Vrafcayi SINGAPORE f, ,S> ~n SEMARAHC f r P)K, SURABAVA P P., s REGULAR FAR EAST SERVICE TO ANGOLA PORTS VSL S PORE LOAD FO*:SECIL ANGOLA 27/7 LU AND A/LOOITO/189 words
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Advertisement210 1983-07-15 23 P.T. WASESA LINE JAKARTA SINGAPORE/INDONESIA SERVICE VESSEL ETA ETD LOAOMG FOR PUTMNMH In Port 17 Mr klam/IMMWM Sa WAGAI 19 Mr 70 Mr lkr*/laUrU MAGA lUUUX 20 My 71 Ml Urtofl SW»Ujj NUtt VI 71 Mr 77 Wy fm&i BHw/JaUrt* Afents: XX) HWA SMPPMG (PTE) LTD 714 fc* Start 171*210 words
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Advertisement518 1983-07-15 23 FULL CONTAINER SERVICE TO UK/ EUROPE ANTWERP, ROTTERDAM, HAMBURG, FELIXSTOWE MV WEI HE ETA SINGAPORE PORT KELANG PENANG (CHINESE FLAG) 2/8/83 30/7/83 27/7/83 VIA FEEDER BOOUK MSEKT FREIGHT BOOKING CENTRE SDN BHD. CHINESE CHAMBER OF COMMERCE BLDG., #07-08/07,47 HILL STREET, SINGAPORE 0017. PHONE: *****51,*****41,*****75,*****14. CBBUL AGENT YICK FUNG SNIPPING ft518 words
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Page 24 Advertisements
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Advertisement404 1983-07-15 24 HEAP SENG TRADING SHIPPING PTE. LTD. 13-01, 13rti Moor, Golden Mil* Tower, Beoch Rood, Swqopce 0719. Tal *****44 Tl» R*****2 HEAPCO SINGAPORE TO NEST MALAYSIA SERVICE Itop ETA ETD Dcstanatm LANGSA 20/13 bi Pert U/7 P. KELANG PEMANG SINGAPORE TO PHUKET SERVICE Voy ET» nD OkHmVm LAAPUNG 24/13 21/7 27/7404 words
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Advertisement680 1983-07-15 24 ItoiiLEß BOHLER SHIPPING PTE. LTD. 137 Martil St. »11 -0? Ink $1 East Asia Blif_ S »|i»n 0104 Til *****44 |3 Imsl T»Hi US ***** BOSHIP BENGAL LINER Independent Conventional Service tar BOUSTEAD SWUNG AGENOES m§»pm ***** CC *****J2 *****20 •Unto Lmpw *****4 Pana* 3(2301 SANKI SHIPPING CO., LTD ha680 words
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Advertisement323 1983-07-15 24 Sapping (sjr.gapor-e) pnvate Urrwced EXPRESS SERVICE TO RANGKOK EUROPE/FAR EAST LINER SERVICE WES PORT nuoGHT services pte ltd WIB, PAS* PANJANG ROAD w •J,°-24/5 PSA MULTI-STOREY COMPLEX. S PORE 0511 TEL *****11/2/3 ft *****86 TELEX NO: RS ***** WESFRT WarahouM PPW 405 Modutt 3 WEEKLY FCL AND LCL SERVICES TO:323 words
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Page 24 Miscellaneous
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Miscellaneous142 1983-07-15 24 m m Regional Weather ri c m jt 3>' 7<o t9 7 '•«s ■> m *3 *7^, V *v^ r* iffr SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MORNING. LEGEND* R Thunderstorm Temperature °C A y Shower Weather s-~f Wind direction with speed in knots Rain Cloudy Sky142 words
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