The Business Times, 2 August 1983

Microfilm: NL14154
Total Pages: 22
1 22 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 TUESDAY, AUGUST 2, 1983 60 CENTS
    11 words
  • Article
    Teng Cheong has proof of expulsion move
    326 1  -  By JOHN LIM THE United Workers of Petroleum Industry (UWPI) did start expulsion proceedings against members who were attempting to break up the union by advocating the formation of house unions. Evidence of this, which contradicts a denial by general secretary Sodirman Ghani
    326 words
  • Article
    Daiwa tapping US$20m
    155 1 DAIWA Securities, one of the top four Japanese securities houses, is expected to issue a 15-year US$2O million convertible bond here this week. This issue, the first of its kind in the Asian dollar market this year, will be accompanied by a sister issue of US$4O million
    155 words
  • Article
    Brunei Sultan buys Holiday Inn Hotel
    560 1  -  By LIM SOON NEO THE Goodwood Park group has sold the Holiday Inn Hotel and the adjoining shopping complex in Scotts Road to the Sultan of Brunei, Sir Muda Hassanal Bolkiah. The transaction has been completed but Goodwood officials declined to disclose the price.
    560 words
  • Article
    Subroto expects tin price to rise
    148 1 THE PRICE of tin on the international market will rise in the next three months, reflecting the new Association of Tin Producing Countries (ATPC) and improved demand from the main consuming nations, Indonesian Minister of Mines and Energy Subroto said. ATPC members are Indonesia,
    148 words
  • Article, Illustration
    Contractors 'lose weight'
    447 1  -  By AGNES WEE IT WAS a more relaxed atmosphere at the project division of the Provisional MRT Authority yesterday when 16 groups of contractors submitted their tender documents. These were for Contracts 106 and 107 covering stretches from Somerset Station to City Hall and from City Hall
    447 words
  • BRIEFLY...
    • Article
      Lock icon US$ hits new high
      69 1 Reuter THE US dollar hit eight French francs for the first time in early European trading yesterday and continued an inexorable advance against other major currencies. Dealers said the dollar was being buoyed by the US Federal Reserve's tight monetary policy and by belief that US
      Reuter  -  69 words
    • Article
      Lock icon Forex control rules
      75 1 Reuter CHINA has issued new foreign exchange control rules to ease the passage of foreign enterprises' investment and profits to and from the country, the New China News Agency said. The rules allow firms to hold all funds for use in independent oil exploration or joint development
      Reuter  -  75 words
    • Article
      Lock icon Tax reform likely
      67 1 Reuter INDONESIA is likely to overhaul its taxation system as the next step in its economic adjustment programme to cope with lower oil prices, director of the World Bank's Jakarta office, Russell Cheetham, said. Mr Cheetham noted the readjustment process of the last 18 months had included
      Reuter  -  67 words
    • Article
      Lock icon China's CD issue
      79 1 Reuter CHINA plans to raise US$3O million through its first certificate of deposit (CD) issue in Hongkong, a China International Trust and Investment Corp (Citic) spokesman said. The eight- to 12-year CDs, of various denominations, will bear interest at a fixed rate of 7 per cent a
      Reuter  -  79 words
    • Article
      Lock icon KL's trade surplus
      44 1 Bernama PENINSULAR Malaysia recorded a trade surplus of MJ26.5 million in May this year, the Statistics Department reported. This compares with a deficit of $217.1 million in April and a larger deficit of $740.2 million in May last year. Be mama
      Bernama  -  44 words
    • Article
      Lock icon External reserves up
      84 1 Reuter JAPAN'S external reserves rose US$l57 million in July to a rounded $24.94 billion at the end of the month from $24.78 billion at endJune. The Finance Ministry said the July total was well below the $25.67 billion reached a year earlier and the record $33.11 billion
      Reuter  -  84 words
    • Article
      Lock icon More talks on HK
      59 1 Reuter CHINESE and British officials meet in Beijing today for a third round of detailed talks on the future of Hongkong before taking a summer break. The colony's governor, Sir Edward Youde, will be taking part as a member of the British team as he did
      Reuter  -  59 words
    • Article
      Larger surpluses
      44 1 JAPAN'S visible trade and current account surpluses are expected to increase in July from U552.77 billion and $2.22 billion respectively in June, Finance Ministry officials said. They gave no estimates for the July figures, which will be officially announced later this month.
      44 words
  • Article
    SAL Leasing to launch $30m bond issue
    283 1 SAL Lcasiag Ltd, a Mker •i the fcpf» Tccbaslsgy Carparatka gnap, It HmUm Aag IS. The baads, gurutecd by Tcchaalagy Car■win»» Pte Ltd, will be lead maaagod by N M BethLid aad Ovenea-fliliM»? Baaklag Carparatlea Ltd. The na amaagers «01 he Oversea* UaWa
    283 words
  • Article
    Training scheme commitments expected to rise
    494 1  -  By ZHOU MEI COMMITMENTS under the Skills Development Fund's training scheme total 1136.5 million up to the end of June 1983, compared with $110 million up to the end of 1962. For the year 1982 itself, total commitments under this scheme, the SDF's major
    494 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      321 1 EXON Mr R«gd Trademark of E»on Corporation •OFFICE SYSTEMS Automation for your office £J S£[ HOY CHAN GfICKJP OA Singapore ta< 2225M2/4 K.L t«i: 03-*****0 P*n«nfl M: 04-*****9 WRITE TO US! ..then write for us BUSINESS TIMES is growing fast and we now need extra staff bright, energetic people who
      321 words
    • Advertisement
      Page 1 Advertisements Column 2
      24 1 Beck's Bier is imported from Gcrmaay. Its distinctive taste is loved by Many. Be a Beck's Drmkcr and identify yourself Another quality product from
      24 words
    • Advertisement
      Page 1 Advertisements Column 3
      159 1 OLYMPUS' PnafcnJa'Xß the world's most versatile mtcrooassette pocket recxxder jpip FMtare...Pifel YOU CAN ADJUST IT, EXTEND IT, ADD TO IT, TURN IT AND RAISE IT N 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,
      159 words
Page thumbnail Page 2
  • BANKING AND FINANCE
    • Article
      Lock icon Markets in US face weak investor demand
      462 2 Reuter US CREDIT markets should remain under pressure this week as the Treasury offers US$2B billion of bills, notes and bonds amid likely weak investor demand, dealers and economists said. The dealers said institutional portfolio managers are reluctant to add to securities positions
      Reuter  -  462 words
    • Article
      Lock icon Japanese to launch high-interest accounts
      202 2 Reuter JAPANESE banks, at present obliged to offer identical interest rates on personal deposits, are planning to compete for small deposits by using newly-issued national bonds to increase interest rates, banking sources said. Mitsubishi Bank said it plans to launch a 10-year account around Aug
      Reuter  -  202 words
    • Article
      Lock icon Scandinavian devaluation likely
      238 2 AFP A DEVALUATION of four Scandinavian currencies in response to a realignment in the European Monetary System (EMS) is predicted early next year by London currency analysts Maxwell Stamp in their latest review. The Danish krone is expected to be stable, or weaken by less than one
      AFP  -  238 words
    • Article
      Lock icon U.S. COMPANY MAKES PRECAUTIONARY MOVE
      134 2 Reuter THE ISSUE of writs in the British High Court by Alexander and Alexander Services Inc (A and A) is seen as a precautionary move by the US company while talks continue on compensation with accounting firms who formerly advised the Alexander Howden Group, sources
      Reuter  -  134 words
    • Article
      Lock icon THAI CREDIT FACILITY
      117 2 Reu ter BANK of Thailand has mandated a HKS2OO million eight-year revolving credit facility, lead manager Chase Manhattan Asia said. The facility, which carries a spread of percentage point over London interbank offered rate (Libor), will provide standby back-up funds for short term capital flows. The borrower
      Reu ter  -  117 words
    • Article
      BONDS & LOANS
      239 2 BONDS LOANS DAYTON-HUDSON Corp said that it has filed a shelf registration with the US Securities and Exchange Commission covering US$2OO million of debt securities. The company will use proceeds from the sale for general funds to meet capital expenditures on the construction of new stares. The funds also may
      239 words
    • Article
      Lock icon Profits of S Korean banks fall
      135 2 Reuter NET profits of South Korea's five commercial hanks totalled 5.9 billion won in the first six months of this year compared with 18.5 billion won in the same 1982 period, the Bank of Korea's Office of Bank Supervision and Examination said. Hanil Bank
      Reuter  -  135 words
    • Article
      Lock icon UK base rates may be raised
      234 2 Reuter UK CLEARING banks may have to raise base rates from the present per cent by the autumn as competition for funds intensifies, Lloyds Bank group economic adviser Christopher Johnson said in an EconomJc Bulletin. The banks have already lost deposits to the building
      Reuter  -  234 words
    • Article
      Quotation of Singapore Government Slocks as at July 31, 1983
      556 2 Ctiqwi Amount Mm tit af dayt MMa Met 1 lid—pMw Maturity Ytar Ratstd Rata (I MBM) iljnWn ot Accrued («M| VM <* Data Mw tit Kcraad Marat) <t pa) 156.81/84 1969 •5V, 153.73 15/6. 15/12 46 •***** •300 13.1184 1978
      556 words
    • Article
      Lock icon Brazil bans transfer of foreign currency
      306 2 UPI BRAZIL, which owes US$9O billion, has banned virtually all private transfer of foreign currency in a "national survival" programme to save scarce dollars for petroleum and other vital imports. Former central bank president Carlos Brandao at the weekend said: "This was a last
      UPI  -  306 words
    • Article
      Lock icon Chile signs US$l.3bn loan pact
      107 2 Reuter CHILE has signed an agreement for a US$l.3 billon seven-year loan from commercial banks to its central bank, Manufacturers Hanover Trust Co said. Manufacturers Hanover Trust Co is agent for the loan and chairman of Chile's bank advisory committee. The loan has a four-year
      Reuter  -  107 words
    • MONEY AND EXCHANGES
      • Article
        GOLD
        371 2 GOLD FUTURES in Singapore yesterday turned softer after a firmer opening, but still closed higher on balance compared with New York's Friday close. Trading was thin with total sales for the day recorded at 224 lots while kerb volume at 594 lots. Prompt closed higher at US$4l4/416 an ounce
        371 words
      • Article
        Silver quotes
        35 2 M Ikn New York 11.81B 12.20B I1KS 12J7S Zurich 12.128 12JB U. ITS 12.3KS Um Frt Singapore U-tlB 12.14B UMS 12-ZIS Cinrint prk In US dollar* a troy ouao e. Source: Credit, S'pore
        35 words
      • Article
        Hongkong
        52 2 THE US dollar was mostly steady in fairly active, late business on commercial orders yesterday, but dealers said the market was looking for indications from the European opening. The US unit opened higher following a 11.4 billion rise in US Ml money supply last week and a smaller June
        52 words
      • Article
        London
        31 2 THE dollar yesterday opened sharply higher and continued to advance in early trading to reach an eight year high against the mark and a record level against the French franc.
        31 words
      • Article
        Singapore market
        440 2 THE US dollar firmed up against major currencies on the Singapore foreign exchange yesterday. Traders attribute its strength to expectations of higher interest rates which raised demand for the currency. Against the local unit, the US dollar opened at 552.1385/95 and continued to climb throughout the day to
        440 words
      • Article
        Tokyo
        137 2 SUSTAINED selling yesterday wiped out early gains and the dollar closed easier at 243.15 yen after touching an eight-month high of 243.65 yen in early trading. This compared with a 243.50 yen opening in Tokyo, a 243.30/40 New York close and the 243.00/30 US West Coast close on Friday
        137 words
      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.-08 per cent.
        22 words
      • Article
        ASIAN $ RATES
        173 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Aug 1: U8D*0*n<8pt) 7<Uys 815/16 9 13/16 1 month 101/lfl 8 15/16 2 months 105/16 10 V16 3 month! 107/16 10VM 9 monthi 1015/16 10 IS/16 fi months 11 9H, 13 months 111/16 1016/16 Daft toih. 1 month (MWIt
        173 words
      • Article
        Discount
        48 2 RANGE of prt dm ofler ed tjy d IScount houses cm Aug 1: Ownrifbt: 3 C' Call departs: s—a CUm 3-month Bayteg 27/16 Treasury bills 2 A/16 3-month Bank bills 715/16 713/15 3 months CD 7 ft/16 77/16 months CD 7 ft/16 77/16 Source: National Discount Co
        48 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      262 2 *4 iii sf!i iM ;i r II winson cntre Quality design Quality finishes Quality maintenance Design Impressive bronze tower of glass between columns of rich Baltic Brown polished granite. Ideal for open plan layout. Ground/mezzanine designed for a bank. Finishes Carpets, curtains and wall coverings to all offices. Marble to
      262 words
    • Advertisement
      Page 2 Advertisements Column 2
      90 2 i i i 24 36 MONTHS ■3% PA 12 MONTHS n 3 MONTHS wm% PA 7 6 MONTHS 71 PA 4 PA 4 7 1 MONTH 63% PA 4 RATES FOR DEPOSITS OF $100,000 AND MORE ARE NEGOTIABLE. INTEREST ON DEPOSITS OF ONE YEAR AND OVER ARE PAID HALF YEARLY
      90 words
Page thumbnail Page 3
  • TRADE AND INDUSTRY
    • Article
      Ensel to distribute building machinery
      186 3 isHIKAWAJIMA-HARIMA -Heavy Industries Co Ltd (DO) of Japan has appointed Ensel Engineering Serv- (Asia) as its distributor lor its range of construction ipachinery. 1 IHI manufactures con-.-'struction machinery includ"kig mobile cranes, excavators, pile hammers and > batching plants. With this distributorship franchise, Ensel will become
      186 words
    • Article
      Rubber body reports hefty surplus for 1982
      320 3  -  By KOH TSE YING A HIGHER income from rent, interest on deposits and service charges gave the Rubber Association of Singapore a hefty surplus at the end of last year. The association's latest annual report said the total surplus for the year amounted
      320 words
    • Article
      Gammon Bukit Besi in talks
      220 3 GAMMON Bukit Besi, a management contractor, is negotiating with three more developers to provide consultancy services for their projects. General manager Mel Joynes said agreement on the projects, mainly commercial buildings, should be reached in two to three months' time. "The negotiations have been going
      220 words
    • Article
      RDC laboratories keep quality high
      462 3  -  By AGNES WEE RESOURCES Development .Corporation (RDC), the government-owned building -'materials producer, maintains stringent control on <he quality of output through its various laboratories which conduct tests on the products. The functions of the laboratory at its brickworks in 'Jurong, for example, include quality control,
      462 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      280 3 METRO (Pte) Ltd has announced the appointment of Ya* Cfeag Tni as advertising and promotions manager. Mr Yap was the public relations and advertising manager in Shangri-La Hotel for seven years. Simultaneously for the past three years, he was also the manager of Orange Grove Advertising, a
      280 words
    • Article
      SSA boosting ties with other accountant bodies
      432 3  -  By SOH TIANG KENG THE Singapore Society of Accountants is increasing its links with professional bodies, particularly in Britain, Australia and Asean. In line with this move, SSA president Keith Tay, during a recent visit to Britain, met the (residents and key officials
      432 words
    • Article
      The accountant's three roles
      222 3 THE Singapore accountant's role in three capacities as tax accountant, auditor and management accountant will be examined at a twoday national conference in December Leading members of the accountancy profession, industry, commerce and the National University of Singapore will be speaking at the ninth Conference of
      222 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      88 3 we:**:. a 'Am* i i s For rates on Ssloo,ooo and over, call *****15 Rates effective July 27, subject to change without notice. All deposits are renewed automatically upon maturity, covering both principal and interest, for same tenor, at the interest rates prevailing at the time of renewal. Your money
      88 words
    • Advertisement
      Page 3 Advertisements Column 2
      37 3 IF IT'S IMPORTANT ENOUGI IT'LL BE AT THE SAN MARCO. Tel: *****41 II Ski if il 0 0. Restaurant San Marco at The Marco Polo. The High Point in entertaining in Singapore. 77*' Penni\nfo Gniup of Hotels
      37 words
Page thumbnail Page 4
  • OVERSEAS
    • Article
      Lock icon US recovery rate will drop say forecasters
      828 4 NYT THE rate of recovery in the US economy should slow substantially in the second half of the year, according to a spot check of professional business forecasters. Nevertheless, the economy is likely to continue to grow. Preliminary estimates of the gross national
      NYT  -  828 words
    • Article
      Lock icon US textile industry denounces trade accord with China
      733 4 NYT OFFICIALS of the American textile industry have denounced a textile trade agreement between the United States and China, complaining that the flow of Chinese-made apparel into the US could damage the industry. William Brock, President Reagan's special trade representative, confirmed on
      NYT  -  733 words
    • Article
      Lock icon India won't intervene
      145 4 Reuter PRIME Minister Indira Gandhi has rejected demands for active Indian intervention to end ethnic bloodshed in Sri Lanka, but said she was helping to restore peace on the island. Mrs Gandhi, trying to strike a balance between inflamed emotions in parts of India and the political
      Reuter  -  145 words
    • Article
      Lock icon US sees new hope for peace settlement
      260 4 Reuter THE UdM States u* nr» bape far a negotiated settlemeat to the conflict la Ceatral America, Ualted Natlaas amhaaaadar Jeaae Kirkpatrick said. Mrs Klrkpatriek, rsaslil ered aae sf Presideat Beagaa's mast lnflaeatlaJ advisers aa Ceatral America, deserlbed herself as "eaatlaasly optimistic" a
      Reuter  -  260 words
    • Article
      Lock icon Mixed EEC response likely
      388 4 Reuter PROPOSALS by the European Commission to curb the EEC's farm subsidies and cut food imports will probably get a mixed reception from member states and the EEC's trading partners, diplomats in Brussels said. Official reaction was scant on Sunday as governments were still studying the
      Reuter  -  388 words
    • Article
      Lock icon UK may tighten fiscal policy
      343 4 Reuter THE UK government may be forced to tighten fiscal policy in the 1964/85 budget in order to keep public sector borrowing under control, brokers and businessmen said in separate releases yesterday. In a letter to Chancellor of the Exchequer Nigel Lawson, the Institute of
      Reuter  -  343 words
    • WORLD IN BRIEF
      • Article
        Lock icon ARABIAN WHEAT
        527 4 Agencies SAUDI Arabia should be self-sufficient in wheat production next year, Minister of Commerce Suleiman Abdulaziz Al-Salim said. The Saudi Press Agency said the minister, who is also chairman of the staterun Grain Silos and Flour Mill Corp, estimated Saudi Arabia's wheat production for the current year at
        Agencies  -  527 words
    • Article, Illustration
      Lock icon Ship with a cargo of arms
      122 4 UPI picture THIS Is sae sf the Savlet earga ships which Presideat Beagaa claims Is carrylag arms to Nlearagaa. The pictare waa taken last Satarday aa the Pacific side sf the Paaama Caaal la the Carte Calebra area. Washlagtea has repeatedly aecaaed Caba aad
      UPI picture  -  122 words
    • Article
      Lock icon Quotas essential to Japan
      442 4 AP JAPAN'S ambassador to the United States has defended his nation's import quotas on American oranges and beef, calling the limits essential to the preservation of Japanese farms. Mr Okawara Yoshio, speaking before a panel of the National Governors' Association in Portland, Maine, on Sunday, said
      AP  -  442 words
    • Article
      Lock icon Prices rise sharply
      281 4 AP WHOLESALE prices for raw materials rose throughout the world this spring in a reflection of the economic recovery that began in the United States, the International Monetary Fund reported on Sunday. That was good news for poor countries, which depend on the raw materials they sell
      AP  -  281 words
    • Article
      Lock icon Poland silent on creditors' accord
      243 4 Reuter POLAND has kept a discreet silence on the agreement in principle by western creditors to resume talks on its huge debt, the first sign that sanctions will be eased after the lifting of martial law. A Polish government spokesman said there would be no
      Reuter  -  243 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      806 4 ARRIVALS Service Local Operator Number Time From PAA PA5 0015 JFK/SPO HKG MAS MH601 0820 KUL MAS MH671 0905 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL CV CV796 0945 LUX/AUH RBA BI421 1000 BWN MAS MH603 1020 KUL CPA CX710 1035 HLP GIA GA960 1100
      806 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      147 4 Hongkongßank Interest Rates Time Deposits M MN OKHCK: 00 \N Rl II DIM,: I0(ollser Qua* *01 01 Ocean Building. Singapore OKU Tel: "4VV BHWdIKS: l» HKO I»: 115 Reach Road *01-00 Singapore 0718 M: V17K275 Rl kir PWJAMi: 101* Ippcr Built r>mah Road. Singapore W. Tel '69|7»| COI I MR
      147 words
    • Advertisement
      Page 4 Advertisements Column 2
      22 4 Pan Am's Space Seats Around The World More Seatroom, More Legroom, More Space To Stretch Out. Pan Am.You Can't Beat The Experience.'
      22 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      219 5 I 1 $-1 fen PHILIPS X/ k .V Vm r r. 4 '-f- lam =5.; r^ v- w v •V H <*. 'k p IB® i if X WE ARE KNOWN BY THE COMPANY WE KEEP v •> U' Ju sb a Br i V JX -I 2sr Judging from
      219 words
Page thumbnail Page 6
  • Article
    Low interest rates vital
    513 6 THERE is nothing new about the theory that lower and stable rates of interest can help in a country's economic recovery. But time and again, fundamental philosophies, such as the stable interest rate idea, get entangled in a web of complicating policies. Policies have to change
    513 words
  • Article
    Getting firms sold on training centres
    1031 6  -  The pushing and prodding by the Skills Development fund is showing dramatic results. ZHOU MEI reports on its progress. ZHOU MEI THE number of trade/ industry supported training centres is likely to multiply by as much as five-fold in 1964. This will be the
    1,031 words
  • Article
    Dedicated dozen needed for course
    438 6 WANTED: 12 Singaporeans willing to subject themselves to 15 weeks of intensive training overseas. Target departure date: end 1983. To qualify: basic academic qualifications, but more importantly, proven ability to organise and lead; and just as important, the right attitude towards training. For the selected
    438 words
  • Article
    Lock icon Glimmer of light for Canada's ailing lumber business
    661 6  -  By PAUL MAJENDIE Reuter CANADA'S lumber barons, almost felled by the severity of the world economic recession, finally have something to smile about. The crucial US construction industry has picked up to give them an export fillip, and their cautious optimism is
    Reuter  -  661 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      113 6 mm. ©WiTSiBS The Business Times Senior Appointments Every day, Business Times is avidly read by 50,000 executives in senior and middle M management, involved in every industry in Singapore communications, m banking and finance, engineering, construction and industrial, trading M and manufacturing and professional v practice. They are the best
      113 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      715 6 SINGAPORE 5 3.00 PM Opening folowed by Enigma (Mandann/r): This is a story about a woman who rises to prominence. 4.30 Afternoon Matinee An Innocent Love: Three young people discover love and friendship at a university campus. Love blossoms as they get to know one another and learn what growing
      715 words
Page thumbnail Page 7
  • Article
    Lock icon Making millions at the brink
    2741 7  -  HIGH tension may be enough to sustain most corporate fixers in the US but the profession is also quite lucrative even if money now seems secondary to some of them. In joining the financially troubled Baldwin-United Corporation, Victor Palmieri, 53, who became a millionaire in
    NYT  -  2,741 words
  • Article, Illustration
    Lock icon Luxury hotels to cut the frills
    595 7  -  By LEROY POPE UPI THE luxury hotel business in the United States is going to be a lot less expansive and a lot more competitive from now on, say Harry and Leona Helmsley. The Helmsleys own and operate 30 hotels, seven of them in
    UPI  -  595 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      113 7 Goldhill Square. Your solution to expensive traffic jams. If you're commuting to the CBD just think what it's costing you. CBD entry at $100 per staff car. Parking at $150 per lot. Executive time lost in traffic jams. Missed meetings with prospective clients. Petrol costs. Not to mention unnecessary emotional
      113 words
  • Page 7 Miscellaneous
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      184 8 Where to wine, dine and entertain AMERICAN! ■EXPRESS with the American Express Card "if you donl already have the Card, call *****33 for an application form" Ch»c^ en ,ce 'rt del'» 9^ ts t prcpa^ c<l J $12* pfJEfSi*— M TTD :^!rj< MEISAN aJ IHI \N I t -I \4
      184 words
    • Advertisement
      Page 8 Advertisements Column 2
      202 8 rr J Just the right touch of magic to turn your night into Gold. Music by Bacchus International of London li e re open SUN THUR 9pmto 2 a m First dnnk charge >22 10", service charge TV, cess f"RI SAT and eves of Public Holiday N .'iOp m till
      202 words
    • Advertisement
      Page 8 Advertisements Column 3
      233 8 CefeVhnd§ Singapore's latest to good food and cosy surroundings. Special servings are set for breakfasts, luncheons, dinners and late night snacks a wide selection of Oriental and Western fare. Cafe Vanda your haven 24 hours a day Paramount Hotef Marine Parade Road. Singapore 1544 Tel: 344 5577 Entrance by Eatt
      233 words
    • Advertisement
      Page 8 Advertisements Column 4
      208 8 Jazz up your favourite drink with the LouisTanThree-O. r wunge] Get into the heat with Asia's leading ja/v musician, Louis Tan. At rhe Lounge. Lverv night. It's the nicest way to ja/v if /C&l up your favourite drinL I ft turpi Sundas A great place to be. Offers you an
      208 words
    • Advertisement
      Page 8 Advertisements Column 5
      171 8 i iwm restaurant E~> L. Try our sumptuous delicacies from the Hunan Province. pi ILHIB PrOIKI Ml Matapara 214, Duneam Road, Singapore 1129 T«fc *****49,*****22 Ext 130 t~ T S 13 V "f 'iar V f Conveniently looted on ihe Kast (/asi 10 minutes from the city. Specialising in Captonese
      171 words
Page thumbnail Page 9
  • RAW MATERIALS
    • Article
      RUBBER
      283 9 ftUBBER PRICES in Singapore yesterday closed slightly lower with August One RSS buyers quoted at 243.25 cents per kilo, down 4 quarter cent from last Friday. > The market eased slightly during quiet morning trading on some light selling with lower London advices also affecting sentiment. Prices fluctuated around
      283 words
    • Article
      CLOSING PRICES
      30 9 Rubber: Aug 1 Singapore: August: 243.25 cents (down 0.26 cent) Malaysia: August: 266.60 cents (unchanged) Tin: M 530.01 per kilo (down 40.00 cents) 500 tonnes (up 420 tonnes)
      30 words
    • Article
      Straits Tin
      86 9 HIGHER offerings of ore weakened the Straits tin price in Penang to M$3Ml a kilo, down 4# cents from last Friday. I The new price still Remains within the FTA lower range of Af529.15 and M$32.M ringgit. The buffer stock manager was the main buyer at this lower
      86 words
    • Article
      RAS PRICES
      311 9 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt t.o.b. Ml.OO M2.00N Int. 1 R.S.S. August 243.00 243.50 Int. 1 R.S.S. September 248.00 248.50 Int. 2 R.S.S 234.00 236. OON UK/Cont 233.00 235.00N Int. 3 R.S.S. 230.00 232.00N UK/Cont 229.00 231.00N
      311 words
    • Article
      SSR and SMR
      104 9 NOON SSR and SMR pricaa yaatarday RA8 SSR 20 SSR SO (1-too pallal (1-too pallai Aicuit (Cvml Mtk) Buyer® Seller* 1) 215.50 217.50N t) 212.00 214.00N Sapteoibar Forward Mtk) Bvyera Sailer* 217.00 219.00N 213.10 216.50N MIILB Aaful Saptaabar SMRCV SMRL SMR 5 SMR CP SMR 10 SMR
      104 words
    • Article
      LONDON MARKETS
      1134 9 COFFEE: Robusta coffee futures were quiet up till late morning yesterday with only 199 lots traded Prices were between £8 and £2 a tonne higher, reflecting easier sterling against the US dollar. The market lacked fresh news to give a lead and with US futures showing little movement
      1,134 words
    • Article
      TEXTILES
      197 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CtttM jin: Chins Blue Phoenix 20b 2£60; 32s 3,380, 40i 3,480 (per bale o( 400 lbs). Pteee pt*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      197 words
    • Article
      PALM OIL
      127 9 THE Malaysian crude palm oil market yesterday closed easier in quiet and cautious trading following reports of thunderstorms forecast for yesterday in some US areas. Central region fell MHO in the July position to Ms92o a tonne and south was M 52.50 lower to Ms93o. North was traded
      127 words
    • Article
      Lock icon Japan's rubber output
      69 9 Reuter JAPAN'S rubber production, Including synthetic rubber, rose to 90,900 tonnes in June from a revised 84,493 a year earlier and a revised 84,081 in May. The Japanese Ministry of International Trade and Industry said the June increase reflected higher car tyre production to meet a 50
      Reuter  -  69 words
    • Article
      Produce exchange
      159 9 CHINESE Pradaee Exchange, flags psrn, dariag priees par lMkg yesterday. Cmnil ad: Bulk fob $135.00 sellers, ok) drum (in second hand dram) fob (148.00 sellers, new drum fob (152.00 sellers. Cspea: Mixed (loose) $80 buyers. Pepper: Muntok white pepper fob Astt NLW $315.00 sellers, Sarawak white pepper faq
      159 words
    • Article
      RICE
      285 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.04, 100 per cent second class 0.76, 100 per cent third class 0.73, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-super 0.60. Special 0.54.
      285 words
    • Article
      Lock icon Stable prices for cocoa likely
      531 9 Reuter THE WORLD'S cocoaproducing countries see the prospect of stable prices for the first time in many years with the growing likelihood of the Ivory Coast, the world's largest producer, Joining a new type of international pact with consumers. The Ivory Coast has remained outside
      Reuter  -  531 words
    • Article
      Lock icon Market encouraged by Soviet purchase of refined sugar
      580 9 AFP THERE has been considerable movement in world market sugar quotations, writes Czarnkow in its latest review. Reports of the sale of a line of refined sugar to the Soviet Union as well as some cargoes of raws, encouraged the market at
      AFP  -  580 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      143 9 I Is the quest for knowledge straining your wallet? Then read on. Because we'd like you to know about Times-The Bookshop. Where the quest for knowledge and reading pleasure won't give you a pain in the back pocket, o Naturally we'd like to see more and more i\ Singaporeans discover
      143 words
Page thumbnail Page 10
  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2503 10 BID and offer price* officially listed in and reported to the Sock Exchange of Singapore yesterday with the number of share* traded riwvn in bracket* in lota of 1.000 unit* unlea* otherwise speciAll Time* Settlement Contracts aiy-" quoted after the ward sett
    2,503 words
  • Article
    SHARE INFORMATION SERVICE
    3394 10 Z 1983 ftigh Low Compaay Last Sale orGr*s Div Div Cvr Gr*s Y'ld Net P/E Vol COOO) Day High Low 8BCT10N ONE INDUSTRIAL ft COMMERCIAL o. 286 -S no no 266 1*.680 J 420 536 13W 966 214 ■no 460 *72 1040 310 966 "S ■■rS n
    3,394 words
  • Article
    In Kuala Lumpur
    1948 10 BID ud Oder price» omcially Haled •ad hiMtnw In aad repotted to the Kuala Lumpur Stock Rirhanfe yesterday, with the aumher of «ham traded shown in brackets In tola of 1,000 units unieas otherwise specified INDOmiAUI A|mmH (3.508) AIM (3.008 3.Q25) (I) 3X (5) 3(B (5) 3.05
    1,948 words
  • Article
    Market ends on easier note
    750 10 SHAKE prleeo geaerally maaaged to reeever (rem a weak spealag yesterday bat the abaeaee «I aay meaalag(al feUew-threagh aappert eaased the market to fialab aa aa easier aate. Tradlag was relatively qaiet with total taraaver at aaly 11.SS ndlllaa aalts agalast last Friday's 2M4 milHaa
    750 words
  • Article
    KL prices close broadly lower
    486 10 POOR overseas leads caused share prices to finish broadly lower on the Kuala Lumpur stock market yesterday. Total turnover feel sharply to 7.52 million units valued at M 128.52 million against last Friday's 9.55 million units worth $36.03. The New Straits Times Industrial Index fell
    486 words
  • Article
    Unit trusts
    182 10 Manager*' pi Ices lor Aig 2 SINGAPORE UNIT TOUR The Commerce 3.33 3.54 The Savings Fund 1.91 2.03 S'pore Prog Fund 1.51 1.90 S pore Sec. Fund 2.18 2 3Lxd S'pore Inveat Fund 1.09 1.15 S'pore Equity Fund L« 1.57 asa unit trust Mil Invest Fund 2.71 2.95
    182 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article
      COMPANY MEETINGS
      189 11 SYNTHETIC Bealas (Malaysia) Berhad: Fourteenth AGM to be held at 2nd Floor, Wisma Bunga Ray a, 152 Jalan Am pang, Kuala Lumpur on August 2 at 11 am. METRO Hetdlags Limited: Tenth AGM to be held at 65 Chulla Street, OCBC Centre, Singapore 0104 on August 5 at
      189 words
    • ASIAN STOCKS
      • Article
        Market ends lower
        383 11 HONGKONG STOCKS closed near the day's lows yesterday, having been overshadowed by the weakness of the Hongkong dollar throughout The local unit touched a low of around 7.3300 to the US dollar before recovering to 7.3130/80 in the afternoon, still well below Friday's close here of 7.2390/2430.
        383 words
      • Article
        Tokyo prices close easier
        400 11 SHARE prices closed lower oil liquidation in blue chips and populars yesterday, triggered by the yen's sharp depreciation against the US dollar. The market average lost a provisional 26.66 points to close at 9,015.58. The Tokyo Stock Exchange Index closed at 663.41, down 2.13 points, on
        400 words
      • Article
        Bangkok
        167 11 SHARE prices closed generally lower during quiet trading yesterday. The Book Club Index dropped 0.13 points to 132.96 on a turnover of 84.3 million bafat with 574,990 shares traded. AUG 01 Bahts Aoklum Thai /Ula Fibre 146 -3 Ayuthaja In» And Trust 143 -2 Bangkok Bank 268 unch Bank
        167 words
      • Article
        Manila
        137 11 SHARE prices closed mixed yesterday on a turnover of 1.87 million pesos, down from 4.02 million last Friday. The Commercial and Industrial Index was down 1.38 to 112.05, the Mining and Oils markers were unchanged at 1,521.03 and 1.229 respectively. ,1 AUO 01 AcoJe Mlnlnc Anglo Phil Ape* Mlnlnc
        137 words
    • Article
      Lock icon US corporate profits rise in second quarter
      553 11 NYT AMERICAN corporate profits, which were dismal a year ago, recovered strongly in the second quarter, although sectors as diverse as steel and home electronics tarnished the overall picture. Among the major American companies reporting a strong surge in earnings from a year
      NYT  -  553 words
    • Article
      Acma is back on earnings trail
      204 11 ACMA Eleetrteal ladastrtoa Ltd has pat Hat* hack aa the earnings trail after sßppiag lata leases la the pre viae* year's first half. Creep aaaadlted pre-tax praflts far the rfx meatta te Jaae M, IKS ease te $4.17 milttea, ap 1.2 per eeat (ran
      204 words
    • Article
      RJ Reynolds to sell its shares
      58 11 RJ REYNOLDS Industries Inc has filed with the Securities and Exchange Commission to sell up to 650,000 of its shares. It expects to issue the shares to Dillon Read and Co Inc along with a cash payment, in exchange for RJ Reynolds debt securities
      58 words
    • Article
      DIVIDENDS ANNOUNCED
      402 11 !!i Curat Pmymeat ®%(b) 7Vi%(b) 38%(j) Ex Date Sep 12 Aug 11 Jul 18 Clan Sep 19 Aug 18 Jul 23 Dale PajaMe Sep 28 Aug 31 Aug 11 Tatal far Ike year 6% 7V*% 35% Tatallar Prevtoaa 6% 7*% 20% Berjaya Kimt Baklt Kattl 4%TE 5%<b) WKg)
      402 words
    • Article
      SCRIP ISSUES
      350 11 Csmpaay PirttalM Ex Date BssksClea BakttKMU Proposed bonus issue erf 1 for 1 Proposed bonus issue of 1 for 1 Proposed bonus issue o(l for 2 Proposed rights issue of 1 for 7 fe 11.50 per share NYA NYA NYA NYA NYA NYA NYA NYA Tvm H wa
      350 words
    • Article
      MMC braces itself for difficult years ahead
      517 11 MALAYSIA Mining Corporation Bhd (MMC) expects the tin export measures, now in force in Malaysia to check falling tin prices, to continue for three more years. In view of this, the group will be facing even tougher times ahead over the next two
      517 words
    • International ROUNDUP
      • Article
        WORLD International (Holdings) Ltd
        143 11 has reported group net profit after tax but before extraordinary items was HK5476.4 million ($445.6 million) in the year ended March 31. Earnings per share were 33.4 cents (31.8). Extraordinary loss was $70.8 million (profit of $31.6 million). Total group indebtedness in the year ended March
        143 words
      • Article
        WINDSOR Industrial Corp Ltd
        102 11 expects to maintain its interim dividend in 1983/84 at 12 cents per share, the company's chairman TK Ann said in a statement. He said prospects (or Hongkong's textile and clothing industries have improved since the beginning of 1983, and Winsor's order books have been filled (or
        102 words
      • Article
        KOMATSU Ltd
        158 11 has revised downwards its non-consoli-dated business forecast (or the year to Dec 31, following intensified marketing competition at home and abroad and increased research and development spending. Taxed profit is expected to be 29 billion yen, down from the earlier estimated 31.5 billion and compared with 32.44 billion
        158 words
      • Article
        FOREIGN net
        354 11 purchases of Japanese stocks fell sharply to US$22l million fa June from $573 million fa May, but were well above $60 million a year earlier, the Japanese Finance Ministry said. The fall was due to increased profit-taking because of the sharp rise fa Japanese share prices, it said.
        354 words
      • Article
        DU PONT Co
        150 11 said its second quarter results were encouraging, especially because of the strong improvement fa fibre and polymer products from the depressed first quarter. It said the results represented the strongest quarterly earnings performance since final quarter 1961, when income was $1.35 a share. It said its chemical,
        150 words
      • Article
        DIAMOND Shamrock Corp
        136 11 said a preliminary settlement with a Natomas Co preferred shareholder who opposes the planned merger of the two companies has been terminated. Diamond Shamrock said the agreement, when announced, was to have settled the dispute with Lynn Woods, a bolder of Natomas US$4 preferred. A spokeswoman for
        136 words
      • Article
        Lock icon A NUMBER
        448 11 Reuter of items that aided Xerox Carp results in the first half will be less favourable in the second half, senior vice-president and chief financial officer Melvin Howard told analysts. Howard said in the first half, Xerox's Crum and Forster insurance subsidiary had a 16 cents per share
        Reuter  -  448 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      68 11 'THE MITSUI TRUST BANKING CO., LTD. SINGAPORE BRANCH U5520,000,000 Negotiable Floating Rate U.S. Doflar Certificates of Deposit due sth February 1966 In accordance with the provision of the Certificates, notice is hereby given that for the Interest Period from 2nd August 1983 to 2nd February 1964 the Certificates will carry
      68 words
    • Advertisement
      Page 11 Advertisements Column 2
      11 11 VV*- <* cl^Dor«OStA ~^w&oup *****77 <■ P UO. J *°Ts^ 2261 1 < Road
      11 words
Page thumbnail Page 12
  • Chief Price Changes
    • Article
      SINGAPORE
      165 12 Rises Indices Iatraco 370 24 July 29 Spore Land Metal Box Spore Com Plant 50« Kaala Sidim Siama Metal 8 N P L 000 10 Aug 1 280 296 470 180 430+5 5 4 4 2 BT Composite BT Indicator: ST Industrials: ST Finance: 896.46 *****88 935.06 2545.14 889.69
      165 words
    • Article, Illustration
      KUALA LUMPUR
      171 12 Rises Indices C Sugars 1650 +50 Aug 1 *****07 Falls -80 -30 -30 -30 -30 July 29 MBT Indicator: *****35 Inch KK 1220 NST Industrials 1329.29 1315.91 Dutch Baby NST Finance: 2448.05 2431.37 K L Ind (MJ NST Hotels: 654.79 654.30 M Bank T L&ngat 900 1050 NST
      171 words
  • Article
    Selprop forecasts M$5l.4m profits
    604 12 mm Companies Editor: Mano Sabnani SELANGOR Properties Bhd has projected group pre-tax profits of not less than M 551.4 million for the year ending Oct 31, 1963 (the company made $20.5 million in the six months ended April). The forecast was contained in its circular to
    604 words
  • Article
    LONDON STOCKS
    780 12 SHARE prices closed lower yesterday after a quiet day's trading but most issues were above opening lows, dealers said. At 3pm, the Financial Times index was off 5.2 points at 706.0 after being 9.7 lower at lamO. Prices opened up to 8p lower on fays that US interest
    780 words
  • Article
    Lock icon Dow Jones lower
    77 12 AP NEW YORK stock prices opened mostly lower yesterday, extending the market's steep decline of the previous week. The Dow Jones Average of 30 Industrials, which tumbled 31.95 points last week, slipped another 4.71 points, to 1,194.51, after the first 30 minutes of trading. Losers jumped out
    AP  -  77 words
  • Article
    Selected Indices
    58 12 H.K.HANC 8ENG Monday 1052.84 E, ri<l y *****2 Week Ago *****7 AUSTRALIAN INDUSTRIALS Monday ®07 7 Friday 808.5 Week Ago 808.8 ALL ORDINARIES. Monday 806.3 Friday 672! Week Ago 885 4 FINANCIAL TIMES INDUSTRIALS Friday. 711.2 Thursday -»1 4 Week Ago mis DOW JONES AVERAGE INDUSTRIALS Friday. 1109.22
    58 words
  • Article
    FELS earnings down sharply at half-time
    401 12  -  By CHAN OI CHEE THE SLUMP in the rigbuilding industry has taken a heavy toll on Far East Levingston Shipyard's earnings for the first half of this year. Interim results released yesterday showed group pre-tax profits ha?ved to $19.96 million from a high of
    401 words
  • Article
    S Dredging gives building deal to Korean company
    348 12 SELANGOR Dredging Bhd has awarded the main building works contract for its new office complex in Kuala Lumpur to Samwhan Corporation of South Korea. The project is estimated to cost about MJ73 million, excluding land and financing expenses. Selangor Dredging chairman Datuk
    348 words
  • Article
    Lock icon GUARANTY NOMINEES RAISES STAKE IN DUNLOP
    98 12 Reuter GUARANTY Nominees, a wholly owned nominee company of Morgan Guaranty Trust Co of New York, has increased its holdings of Dunlop Holdings PLC ordinary shares, held in the form of American depositary receipts, to 17.44 per cent from 12.20 per cent. It now
    Reuter  -  98 words
  • Article
    KL Kepong
    36 12 KUALA Lumpur Kepong Bhd has declared an interim dividend of 5 per cent less tax for the year ending Sep 30, 1963, to be paid on Oct 3 to shareholders registered on Sep 3.
    36 words
  • Article
    Shares of D&C Bank start trading today
    304 12 DEVELOPMENT CemmerefaU Baak (DAC), the thlrd Malayalaa baak Is be listed ea the Kaala Lnmpar Sleek Exchange, will alee ■eke Hi debet ea the Stack Frrhsage at Unpin trem Ham taday. afflt MaThae days later •a Thareday and tradlag will begin at 11ml
    304 words
  • Article
    Lock icon HK company new issue
    59 12 Reuter THE share issue of Evergo Industrial Enterprise Ltd for 75 million HK$l ordinary shares, priced at $2 each, was nearly 10 times oversubscribed. A total of 20,926 valid applications were received for a total of 722.3 mllion shares, the company said. Dealings in the shares
    Reuter  -  59 words
  • Article
    Lock icon Dow-MBF link-up?
    625 12 Taking Stock... Hock Lock Siew WHAT has the Zurich-based Dow Banking group to do with MBF HaMlags? That seemed to be the question making the rounds last week, at least among the banking circles. MBF had last Tuesday requested a suspension in the trading of its shares. The
    Hock Lock Siew  -  625 words
  • Article
    COMPANY BRIEFS
    331 12 UNITED Oversees Laid has bought in the open market a further 1741,333 nominal amount of its 9 per cent unsecured loan stock 1900/87 for a total consideration of 1741,333 (excluding expenses). The loan stock will be duly cancelled and will not be available for resale or re-issue. The
    331 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      98 12 r OFFICE BUILDING SITE FREMONT, CALIFORNIA, U.S.A. 10 acres; no height restriction e Price reduced to $10/sq. ft. e Near affordable housing labor pool 30 minutes by auto to San Francisco e Adjacent to Bay Area Rapid Transit 'station e Terms available PLEASE CALL OR WRITE: OeWolfe Emory or Bid
      98 words
    • Advertisement
      Page 12 Advertisements Column 2
      62 12 GRAND LABELS FOR LESS! Genttem® 0 co»°"' S*#» '•^Soo«°^e»^ ,n9e i eGf® 00 9 35 $68 ?Mj *ia #1 sags.— ueGr S? w 536 T\e» \V 6 SEff-" 1 tadVes c<* o(V tS mouses 4,90 I ln,p< «oW rta< wlunO^^SjV-OB' see^® 8 -t 26'' **2, S9* 5 $290'*^ u.„., valen*
      62 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      61 12 OUTLOOK for today: Fair; showers in certain areas in the morning and in the afterReport for 24 hours prior to 7M pm on Aug 1 at the airport: Maximum temperature 32.1 Associated humidity 64 Minimum temperature 26.7 Associated humidity 87 Hours of sunshine 9.35 Rainfall in millimetres Nil Total rainfall
      61 words
Page thumbnail Page 13
  • SHIPPING TIMES
    • Article
      Lighters relocation to be completed end of this month
      267 13 THE second phase of the lighters relocation programme will be completed by the end of this month, marking the end of the Singapore government's scheme to resettle lighters from various rivers and basins to Pasir Panjang. Under the second phase, a
      267 words
    • Article
      Mitsui-Soko offers sea-air service via Singapore
      476 13  -  By JUNE LIM MITSUI-SOKO Singapore will offer Japanese shippers with another alternative in the transportation of goods to Europe from next month. The company will introduce a combined sea-air service, with transhipment at Singapore. Japanese goods will be shipped to Singapore on vessels operated
      476 words
    • PORT SIDES
      • Article
        Lock icon Bilateral agreement
        82 13 Bernama MALAYSIA is making efforts to have a bilateral shipping agreement with South Korea, Transport Minister Tan Sri Chong Hon Nyan said. He told the Dewan Rakyat that similar agreements have already been signed with Indonesia and Bangladesh. He said the government was aware that the shipping system
        Bernama  -  82 words
      • Article
        Lock icon Reducing CAF
        40 13 Reuter THE Australia /Eastern USA and Australia Eastern Canada Shipping Conferences said they will cut their Australia to east coast US and Canada currency adjustment factor to 5.19 per cent from 7.5 per cent, effective Sept 1. Reuter
        Reuter  -  40 words
      • Article
        Port charges proposal
        112 13 THE chairman of the Calcutta Port Trust, Mr TC Dutt, says he would soon publish a proposal for changes in port charges and seek government backing for revised shipment charges on coal from Haldia, Calcutta's satellite port. The rate increase was necessary despite the big rise in
        112 words
      • Article
        Brisbane fights recession
        170 13 THE Port of Brisbane has stood up well to the trade recession and drought with tonnage handled in the year ended June only 4.4 per cent below the record. Cargo handled totalled 8.97 million tonnes, with exports 3.54 million tonnes and imports 5.43 million tonnes. This compares
        170 words
    • Article
      INDEX TO ADVERTISERS
      732 13 Shipping Uh Page CM Shipping Line Page Cnl Afea VI 3 Fesco vn 4/5 Ahrpnkiel Uner VI 5 Franco-Belg m 4 5 All trans vn 4 Franco Vago X 3 Alpac VI s Frata Shpg VI 2 Anlara Shpg X 4 Freight Links V 2 A PC
      732 words
    • Article
      Philippine faces dilemma in dealing with ITF practice
      869 14 THE Philippine government faces a ticklish dilemma in dealing with the practice of the International Transport Workers Federation (ITF) to compel flag of convenience shipping lines to raise the pay of Filipino seamen. While such a practice obviously benefits seamen involved in
      869 words
    • Article
      LONDON FREIGHTS
      1307 14 THE freight market was extremely quiet on Friday with virtually no fresh fixtures in general cargoes apart from one 20,000 long ton petroleum coke booking from Wilmington, Delaware to Cadiz at US$9.9O which brokers felt indicated a decline in rates as a result of the thin market. They
      1,307 words
    • Article, Illustration
      Promet launches platform
      157 14 PROMET Pte Ltd recently launched a three-legged self-elevating platform at its Jurong yard. The platform was designed by Promet's associate company, Self-Ele-vating Platform Management Pte Ltd, and associate company of Promet. The vessel named Nukils is designed to provide support service, with three-level accommodation facilities for up
      157 words
    • Article
      Lock icon TANKER RATES
      287 14 AFP RATES reached their highest levels for 10 months on the tanker market last week In the Gulf States area as the recent demand continued. Contrary to previous weeks, many of the fixtures were known and included ultra-large and very-large crude carriers (ULCC and VLCCs). Shipping sources suggested
      AFP  -  287 words
    • Article
      Inmarsat appoints new chairman
      112 14 THE Council of the International Maritime Satellite Organisation (Inmarsat) has appointed Mr Yuri Atserov as chairman for one year. Inmarsat, which provides satellite communications to the worldwide shipping and offshore industries, is financed by signatories from 39 member countries. The five largest shares are held by
      112 words
    • Article
      The Consortia
      196 15 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 Container Line.
      196 words
    • Article
      APL relocates container freight station to TA-3
      267 15 AMERICAN President Lines has relocated its container freight station operations from TA-6 to TA-3. The move to TA-3, says APL, will allow customers to enjoy all the special services offered by PSA, such as the express delivery service, cargo location scheme and credit
      267 words
    • Article
      Lock icon Bank Line to leave conference on Oct 1
      122 15 Reuter THE Far East/East Africa Freight Conference said the Bank Line Ltd will leave the conference on October 1, leaving Mitsui OSK Lines, Nedlloyd Lines and Nippon Yusen Kaisha as remaining members. Bank Line's decision to leave the conference was taken reluctantly
      Reuter  -  122 words
    • Article
      Lock icon Bunker surcharge
      39 15 Reuter MEMBER lines of the Japan-Puerto Rico and Virgin Islands Freight Conference said the $15 per revenue tonne bunker surcharge they planned to introduce on Aug 1 will now be set at $12 per revenue tonne. Reuter
      Reuter  -  39 words
    • Article
      Sanko Steamship reduces fleet by 17 per cent
      563 15 JAPAN'S largest ship operator, Sanko Steamship, has already nearly matched its massive and controversial newbuildings programme with equally large ship disposals. At the end of last month, 3.8 million tonnes deadweight have been cut from the company's fleet, a reduction of 17
      563 words
    • Article
      Shippercon objects rate increase
      219 15 PHILIPPINE shippers said they are objecting to the "untimely" freight rate increase on the country's exports to the United States and Canada, which took effect yesterday. The Philippine Shippers' Council (Shippercon) said in a statement that the scheduled rate increase by the Philippines-North America Conference (PNAC)
      219 words
    • Article
      SHIPPING LIST where your ships are due...and when
      6027 20 SCHEDULE A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      6,027 words
    • Article
      Container Schedules
      771 21 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Arrival for LCL Movement Ship Voy Date/Time Operator Cargo Schedule Location Jenwel 30/83 3.8.83 0900 Thong Soon FSB 1600-1700/2000-2100 B5/B5 E Promoter *****W 3.8.83 0800 O Asia FSB 1400-1500/1900-2000 N5/N5 Slri Bhum 128N 3.8.83 1500 S'pore
      771 words
    • Article
      WHO ACTS FOR WHOM...
      1624 21 The leading shipping lines operating from local ports and their agents. A-B AAriatte Cantniner Continental Feeders (S)/Cargo Freight (PK). AFEA African Shipping Agenciea (S). Aft» Fsraals Una Tranagroup (S). AhreakM Unar Service Kim Shpg (S). Alfred C Taoplsr Sen Consortium (S)/ Martntex Enterprise (PK). Aipne Intraaen
      1,624 words
    • Article
      SHIPPING EVENTS
      1112 22 July 14-Aug I Galbraith's course in shipping 1983, Faculty of Maritime Studies, Plymouth Polytechnic. July 25-Aug 5 Insurance course for middle management of insurance companies in the Middle East, organised by Lloyd's of London Press in association with the General Arab Insurance Federation, the Regent Crest Hotel, London.
      1,112 words
    • Article
      SHIPS IN PORT
      552 22 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Atair 18 Sealion alongside 2.8.83/1200 Bela Kosmo 25/6 Sankyo alongside 2.8.83/1200 Equator III 22 Thong Soon alongside 2.8.83/0700 Koheng 35/6 Sin Chiao alongside 2.8.83/2300 Tai Bai Shan 29/30 YFung alongside 2.8.83/1830 Luke Lu 3/4 Koko 2.8.83/0400 6.8.83/2359
      552 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      347 13 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) LONDON Freights H/m CONSORTIA m SHIPPING Schedule Vm/IX WHO Acts (or Whom IX CONTAINER Schedules IX SHIPPING Events X SHIPS In Port X REGIONAL Weather X JARDIM UJj AN I All iOOCL I Orient CottlaUm Line
      347 words
    • Advertisement
      Page 13 Advertisements Column 2
      369 13 E3SEALORDO UASC UNITED ARAB SHIPPING CO (SAG) ii» i j 11. 11 iV.'Ji.k EXPRESS MULTI PURPOSE SERVICES Loading for EI FULLY CONTAINERISED SERVICE Iraq careo acceptabk in transit Accepting LCL cargo tor Dubai, Kuwait. Bakrain. Dammam. Mina Qaboos. Doha. Abu Dhabi and Riyadh 'essel S'pore I Loading t»r AL MAR
      369 words
    • Advertisement
      Page 13 Advertisements Column 3
      993 13 FESCO LINES Tp- FAR-EASTERN a SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA, USA CANADA. Agent: Singapore Soviet Shipping Co Pte Ltd TEL: *****3 MAERSK LINE EXPORT FULL CONTAINER TO: U.S. PACIFIC, GULF, ATLANTIC, FAST CANADA, INLAND POINTS Feeder Vessels I P Kelang Pen&ng LICA MAERSK* ADRIAN MAERSK
      993 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      419 14 FAR EAST/EUROPE CONTAINER SERVICE To Europe Feeder Saded JUTUMM 7/8 B. PERMAI From Europe Mm AccepMig Fa: I) Barcelona Genoa. 2) Amsterdam. Antwerp L Havre. Basle UK. 3) Bremen Bremefhaven. Aarhus Copenhagen Helsinki 4) Mainp. Stockholm. Oslo •Accepting Europe carp) (or feeder via S pore 'Also direct cargo tor Spore
      419 words
    • Advertisement
      Page 14 Advertisements Column 2
      372 14 Y.S. LINE Y AMASHIT A-SHINNIHON LINE CONTAINER SERVICES Pacific South Wwt Pacific North Waat Atlantic/Canada n/i j/m 21/1 a/i vug/) vu 2/M t/u H/M 21/W 14/14 USA/CANADA MRU a l/l 1/1 KBWI U/1 U/l IV) TMMB tt i a mm* 11/1 14/1 lcnm ia/» a/i ai mi p. Mttoa lyi
      372 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      486 15 CONTAINERSHIP SERVICE TO UK CONTINENT 12/1 iv* 21/1 n/t a/i m/» 12/1 M/l 11/ l 21/1 vn nn •4/11 M/ll 11/11 IVU wt E jj r? CONTAINERSHIP SFRVICE FROM UK CONTINENT CONTMOSHP ■ass? MR. KS TR.SM.IIB.au TRJB.U.H MR, RS TR.U.M Ktso accapbnp LO. and FCL car|p to Hoo| Ronf PJW+
      486 words
    • Advertisement
      Page 15 Advertisements Column 2
      452 15 Franco Belgian Services ■'f"1 f" I''v »ft .It': ht ;\nri tlry, r s '< r>: I ir« aCI CO"SO« T -L»< aw to apt STOK P HIM Tm m u a* a* a* 29* LtNowt R'Mn riIMN Mm B~Minr Art Ita KWi rttovoa 25*21*21*30*31*21* 2S* 3s«p« s s* 7s«pt is«pt
      452 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      703 16 wn TO CONTKENT UK Hapag-Lloyd EXPORTS I B haven (Warn Antwerp 27 8 ?8 8 3 9 4/9 12 9 13 9 19 9 20 9 28 9 29 9 7/10 810 20 9 22 9 29 9 1 10 810 10/10 Hanbw{ Express BenaMor TMyo Bar Kasufi Mara Cardan
      703 words
    • Advertisement
      Page 16 Advertisements Column 2
      456 16 JtC&LINE SUNNY OCtAN VO7 N UTAH IK* P MIANG ki Port PfNANG 71 Aut STOW HCHON J llAuc It A«| 10-20 tm. OUSAN 1» Auf FULLY CONTAINERISED SERVICE 1 ROWAN lACEJW TOW 6 8 CHEVAinPAU MNIiN 14 8 OMENTAL CMEF 35* 21 8 FROM EUROPE Vl* SUE? J^AJ^e^oMH^Ac^C^ H KONG
      456 words
    • Advertisement
      Page 16 Advertisements Column 3
      508 16 EVERGREEN LINE FAR EAST/EUROPF CONTAINER SERVICE ACCEPTING FCi t LCI CMGO FOR SfiP PHI we FU HW ANN UN ku 3/1 2i/i a/i vh a/i m/i Iwr Ga* 13/1 is/i j/» 7/1 1/1 10/9 12/9 M M/I 15/| 17/9 19/9 It/9 *2/9 *iso accept* ta/fa i fa/fa to: GOTHIIUC UHU
      508 words
    • Advertisement
      Page 16 Advertisements Column 4
      958 16 Everett Urns!' Burma Five Star Shipping Corpn. SBk "BURMESE NATIONAL LINE" LOADING FOR RANGOON 4 For Discharpnf Only For Loadinf Only S part Ptcum MTAfITAKTO* S/7 Ami M M S/7 A* PMASMWtCIAHYWA C/ 7 ta(* 3/4 K* pmashnegt MOTM 11/U MTOKTKA 24/Z1 *«H B F SS C Ag«nts m Moloyvo
      958 words
    • Advertisement
      Page 16 Advertisements Column 5
      259 16 r c-. US I NOSE MARITIME PTE LTD SUN UNION LINE KARACHI SERVICE SBKATORE P.KEIANG PENAMG Lo*o FOR VORTEX BREEZE VORTEX MARffO smcvoh sans mmbtme pit in TU 72(1144/7 I *****70 BOOK Me SEABMY SMPPMC COMPANY TU Z*****2 3 POBT HUANG MMOS( MMHTBC SM M> m 3(7232/3 PI HANG MALAYSIA
      259 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      1012 17 PIL GROUP VESSELS KOTA SEGAR KOTA MUTIARA KOTA PET AM KOTA MAJU KOTA MULIA VOYAGE SINGAPORE LOADING FOR: E-453 5/10 AUG HOOCIOAH. AQABA, ADEN E-455 10/14 AUG ADEN, DJIBOUTI. HOOCIOAH, JCDOAH, AOABA, PORT SUOAN E-457 15/20 AUG HOOCIOAH, JCDOAH. MOMBASA, DARES SALAAM. MOGADISCIO E-459 2/S SEPT HOOCIOAH. JCDOAH. AOABA. PORT
      1,012 words
    • Advertisement
      Page 17 Advertisements Column 2
      850 17 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE sium turn 23/B 25/| 27 8 30 8 1/9 3/4 »5 11/9 13/9 15 9 17/9 19 9 24/9 78/9 219 3/10 5/10 7/10 10 10 12/10 14.10 17/10 19 10 21/10 24/10 24/10 78 10 ODAM HA,fr| 29 I 30 I
      850 words
    • Advertisement
      Page 17 Advertisements Column 3
      508 17 DJAKARTA LLOYD INDONESIAN NATIONAL LINE Indonesian National Shipping Line TO USA WEST/ EAST CORST N GULF POUTS (FULLY CONTAMERISED VESSELS) STOHf LA. HOUSTON SAVANNAH WW TOM BAIT MOM MAMFAMT MB U/l 1/9 13/1 17/) 21/1 2}/) 60WA »»r MB 3/9 24/9 9/11 13/10 14/14 11/11 Alm Kcap4n( carp tar Martrul.
      508 words
    • Advertisement
      Page 17 Advertisements Column 4
      683 17 BOUSTEAD SHIPPING AGENCIES BANK LINE EXPRESS INDEPENDENT SERVICE TO UK/CONT SPORE R'DAM HULL HMBG IVYBANK 23 Aug 19 Sep 21 Sep 25 Sep CLYDEBANK 20 Sep 15 Oct 18 Oct 21 Oct Lines U.S. GULF DIRECT SERVICE fiom NoU HMn Gal, GENEVE VE LYKES Sid Ski VEIMA LYKES 4/t 8/8
      683 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      1566 18 -a. \>."K"IINE KAWASAKI KISEN KAISHA, LTD. COAST( DESTINATIONS INLAND vU IPI MICROBRIDGE MINILAND BRIDGE) FQESI CSSEL ASM STAR *14 JOHOM IRDGE V2l tISajCC£?TK (natawoa TACOMA (MA SEATTLE) LONCWW (VU PORTLAM)) SACRAMENTO (VM OAKLAND) STOCKTON (MA OAKLAND) IBOWOM) (VM OAKUM)) ATLANTA. AUSTM. CMCAGO. CMCMNAH, CtXtCLAW) COLUMUS. DALLAS. DATTON, DENVER DETWOT. a
      1,566 words
    • Advertisement
      Page 18 Advertisements Column 2
      690 18 CALIFORNIA/PACIFIC NORTH WtST SERVICE EXPRESS CONTAINER/REEFER SERVICE Im** tar lOS ANGELES SAN FRANCISCO SEATTLE TACOMA VANCOUVER BC Acceptnf Fa/Fa Contjnen sn, AUSTRALIA EXPRESS CONTAINER SERVICE Accept* Fa/Fa Cmtmrni Pfctam Sure IMb S/» A«| 3/4 A,| 19 Am 19/70 Am 71/?? (Ui 3 Set 12/13 Scp« 11/ IS Sep) 7/ Scp«
      690 words
    • Advertisement
      Page 18 Advertisements Column 3
      624 18 KORINS MARITIME SERVICES !S 114 Anson Road, #18-01, Tuna* Building, Singapore 0207. Tal: *****22 8 *****67 P Kalang Tal *****1/8. RED SEA/PERSIAN GUIF/MEDITERRANE AN SERVICES ASIA MERCHANT MARINE SEMI-CONTAINER SERVICE USA SERVICE PACIFIC/GULF/ATLANTIC PORTS S pore Indonesia Kuching Loading tof HUNGTZE CARRO ta Pat Los A^etes/Hourton/ Noia/Camden/ Norfot LUNM VENTURE...
      624 words
    • Advertisement
      Page 18 Advertisements Column 4
      697 18 INTRASEA (PTC) LTD. 10 Anson Rood, -27 16. Intefnotionol Mo?o, Singapore 0207 Tel *****1 I (Iol>nes BREAKBULK SERVICE TO EUROPE/UK ANANGEL PEACE 8U3908 AKADEMOS *****10 P Kttatif Ludni tar:In Pert R DAM UK (AVON) 4 Auf ANTWERP/t DAM/IK (AVON) C LINE, P Mar* Lo»<fcif far: ALPAC AFRICA lfi2m 20 Auf
      697 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      496 19 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE a TO EUROPE/UK (VIA SUEZ): K iACEJN 20W+ 6/8 CPMJL36W 14/8 0 CHEF 3511 21/8 HKCONTMOJCW 29/8 SS BMDGE 42W 4/9 C CONTMNER 2211 110/9 Also accepting cargo to/from Scandinavia K JACEJIN S'pore Closing Times: FCL Cargo LCL Cargo o' t*t *Cf 1200 5/8 2359
      496 words
    • Advertisement
      Page 19 Advertisements Column 2
      351 19 HEUNG-A SHIPPING Korean Flag Vessels SEMI CONTAINERISED DIRECT SERVICE TO HI (El 29/1 24/1 1/9 S/J VI 1/9 12/9 17/9 M IM SEMI-CONTAINERISED DIRECT SERVICE TO :MITTAGONG. CHALNA. CALCUTTA 1 1 P<>«l .IV f"Uf AGfHCIS PTI 110 IH ???4111 *****66 Ml 1,. V lUM4S «Tl* SOU BK) Kl td 414J90
      351 words
    • Advertisement
      Page 19 Advertisements Column 3
      995 19 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUH.DMG 55. Martet Street Sinfapore 0104 Telephone Numbers J***** (15 Laws) Cable Address SHSOV SINGAPORE Tdei Numbers RS ***** IS ***** RS ***** mum nmm M/S SHARK AT MM SOON SON M IST AND 2NO FLOOK WSSRS HM THONG SMPPMC NO 1
      995 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      555 20 !'ci|ioiml Container Muck ij 2 Sailings \A/66kly jBjJO' Reliable Regular Punctual Berthing PS A 1500 Hrs Tuesday 8. Saturday SINGAPORE ISLANDS LINE r=f:l MIDDLE EAST REGULAR L S'par* K h| Leadhg hr KM BUM) 5/10 h| DM. Ato Mute, KUSU BUN) 12/15 S# Cilnli, JbracN, EAST MALAYSIA REGULAR LINER DSH
      555 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      40 21 <^Seawinds *>-» I OPIINTA| Sf a AINIiv I INf fl>:f N '.iN'.*Ponf t(i sai t s imo'ti ??1 1?'<1 'I PMINAI PT ►riANT, S( At lON SHIPPING <M i SON (IMfi 1 PfNANT. I IN* S M SDN RHP 'ft 1» >
      40 words
    • Advertisement
      Page 21 Advertisements Column 2
      183 21 Scan Dutch 9 To Europe (Med/UK/NC/Scan) P. KELAMO MOTHER VESSEL SINGAPORE ACCEPTMG/SMJNG 1) MARSEILLES 2) ROTTERDAM 3) HAMBURG 4) GOTHENBURG Anson SU Anson 4/8 Anson 11/8 Anson 18/8 8 Kcrnum* SU B Butane 5/8 B Kemumne 12/8 B Butan( 19/8 To Red Sea/ Mediterranean SBMAPORE EH! H From Europe Also
      183 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      245 22 ETfl LINES DUBAI EXPRESS SERVICE TO DUBAI ETA ETD LOAOWG FOR MV WORLD UMPKE 5/t 6-7/1 DUBAI (Port RisMd) MODERN VESSEL LESS THAN 5 YEARS OLD DIRECT TRANSIT TIME 10 DAYS GENERAL AGENTS STRAITS SHIP SERVICES (PTE) LTD 10 ANSON ROAD. *23-10 MTEXNATIONAL PLAZA SINGAPORE 0207 TEL 220C251/2. *****36 vAoo
      245 words
    • Advertisement
      Page 22 Advertisements Column 2
      432 22 Y> P.T. KALIMANTAN SHIPPING CO. LTD. IAL AN IANAH MiANG I 123/125 lAAARTA 111 *****9 341(31 343?% DIRECT WEEKLY SERVICE TO JAKARTA Daily receiving cargo at Marina Wharf T.A. 5 for direct weekly service to Jakarta/Tg. Priok. VESSEL ETA/ETD DESTINATION NW6A XXXU VOY 12 4/6 At* Jakarta NMGA XXI VOY
      432 words
    • Advertisement
      Page 22 Advertisements Column 3
      254 22 Bi 3b C. BANGLADESH NATIONAL LINE A- f Vpr.-se O* Bcinglaat'bh G SINGAPORE/BANGLADESH SHUTTLE SERVICE ARABIAN GUI F EXPRESS M.V. BANGLMt VESSEL 15 At* Muscat/Dubai/Doha/ Kuwart/Dammam n genh jH "AC H[ TfI6SS 4 T «AO *»b A|t«'< *G£«lC' PT& JQ 0«!EH T *l S«> s>p SG CCift^s if i' 4
      254 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      179 22 Regional Weather /A* N m m a 40. ti bd m sx 0? a L" S3 n 5 -ik Is SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. °c CT ta Wind direction with speed in knots Wave height LEGEND: R, Thunderstorm Temperature °C y Shower Weather Wind
      179 words