The Business Times, 29 May 1980

Microfilm: NL10631
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MX4P) No. 11I1M THURSDAY, MAY 29, l»8i 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Oil prices up 10pc?
      76 1 AP PARIS, Wed. Oil prices could rise more than 10 per cent a year if a plan to index them to inflation is adopted by the Organisation of Petroleum Exporting Countries (Opec), the French newspaper, Le Matin, reported. The papa* said it had obtained a confidential
      AP  -  76 words
    • Article
      Lock icon Japan-Asean trade
      74 1 AP OSAKA, Wed. Filipino Finance Minister Cesar Virata said Japan should open its markets to more industrial products from the Association of South-east Asian Nations (Asean) in order to help the economic development of the five member nations. Mr Virata made the statement in a one-day Asean-Japan meeting
      AP  -  74 words
    • Article
      Lock icon Shares recover
      53 1 AFP HONGKONG, Wed. Share prices rebounded in active trading today. The Hang Seng Index rose eight-and-a-half points to close at 884.96. Brokers said prices rose across the board on strong afternoon buying as speculators moved in to pick up good buys following yesterday's sharp index fall of almost
      AFP  -  53 words
    • Article
      Lock icon Export tax lifted
      101 1 UPI JAKARTA, Wed. The Indonesian government announced it had lifted all export taxes on copra and coconut oil exports to open foreign markets to the two commodities. Finance Minister Ali Wardhana said the decision to lift the 5 per cent export tax on copra and coconut oils
      UPI  -  101 words
    • Article
      Travel team here
      84 1 AN OFFICIAL delegation from the People's Republic of China's general administration for travel and tourism arrives in Singapore today for a ten-day viqU. The five-member team is led by Madam Kung Xiao, deputy director general of the travel and tourism administration., During their stay the Chinese offldCAs
      84 words
    • Article
      Lock icon Fishery investigation
      56 1 Reuter WELLINGTON, Wed. New Zealand fishermen are investigating reports that fish caught in New Zealand waters by Russian ships went to the United States by way of Singapore and was eventually dumped in the Australian market. The investigation was announced today at the annual conference of the New
      Reuter  -  56 words
    • Article
      Lock icon Iran's Parliament opens
      87 1 Reuter TEHERAN, Wed. Iran's first Islamic Parliament opened today and was told by Muslim students holding 50 American hostages that it would have to justify to the nation any decision to release the captives. The students said in a statement broadcast on state radio: "The leader of
      Reuter  -  87 words
    • Article
      Lock icon State elections
      84 1 Reuter NEW DELHI, Wed. Intense summer heat kept the turnout moderate in the first phase of voting today in Indian state elections. Voters will choose new assemblies in nine of India's 22 states as well as give their verdict on Premier Indira Gandhi's four-month rule. Voting was peaceful
      Reuter  -  84 words
    • Article
      Lock icon Troop withdrawal
      24 1 AFP KWANGJU (SOUTH KOREA), Wed. South Korean forces started withdrawing from Kwangju today, one day after crushing a major antigovernment rebellion. AFP
      AFP  -  24 words
    • Article
      Lock icon Dow Jones
      62 1 AP NEW YORK, Wed. A rally that raised stock prices to the highest level since February sputtered causing prices to close mixed. The Dow Jones average of 30 industrial stocks, up 26.70 points in the last three sessions, fell 2.56 to 855.20 in the first half hour. Advances
      AP  -  62 words
  • Article, Illustration
    Untitled
    32 1 The Singapore stock market was closed yesterday (or the Vesak Day holiday. The following charts show the closing levels of the Straits Times industrial index and the Business Times indicator on Tuesday.
    32 words
  • Article
    EDB in move to woo engineers
    685 1  -  FEELERS TO FOREIGN UNIVERSITIES By FONG MEW LENG THE Economic Development Board has initiated an aggressive recruitment campaign to attract undergraduate engineers in foreign universities to seek employment in Singapore industries on completion of their studies abroad. A circular informing engineering undergraduates of the
    685 words
  • Article
    Closer links for labour ministries
    202 1 LABOUR ministers of the Association of South-east Asian Nations have agreed to cooperate and exchange regular-information on the nature, control and supervision of foreign assistance to domestic trade unions. A communique issued yesterday after the third Asean labour ministers' meeting in Kuala Lumpur says the
    202 words
  • Article
    New petrochem company set up
    363 1  -  ■y RONNIE LIM tr t v A MAJOR- petrochemical downstream company, The Polyolefin Company (Singapore), has Just been established by the Singapore Government and. a Sumitomo Chemical Company-led Japanese consortium last week to manage two main downstream plants at the $2 billion complex on Pulau
    363 words
  • Article
    NOL's investments
    348 1 NEPTUNE Orient Lines, Singapore's national shipping line, has invested 91.6 billion yen in 15 Japanesebuilt ships, containers and equipment over the past decade. A part of this investment was financed by Japanese banks, said NOL chairman Michael Wong Pakshong at a party held in Tokyo yesterday to mark
    348 words
  • Article
    Another Spanish bank may set up office in S'pore
    245 1 A SECOND Spaalah honk Ls looking Lb to llw possibility tt setting ap u ofBee li fHagapore te cover Its Bwl>M«t AlUl Mttvitfes. Mr Pfnirii Diet, a eoanaltoat with the Spaalak haak, Bun de BUhM, is Hi tai Singapore to eaadaet
    245 words
  • Article
    More active role for Bank of China
    510 1  -  By LEE YOKE MENG THE Bank of China has begun taking a more aggressive role in the domestic financial market. In line with a directive from Beijing to become more actively involved in financing activities, it is using its Singapore dollar deposits for
    510 words
  • Page 1 Advertisements
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      1 1 I
      1 words
    • Advertisement
      Page 1 Advertisements Column 2
      82 1 THOMAS Hf.Rt (I T the trained specialist.. m&s. P -V s. I, 35. r A THOMAS ROBERT BROKER Mivenience of our clients Our New Sales Centre is NOW located at Peninsula Pia/a N■ i* 456.7 f4th Floor Peninsula Pla/a Coleman Sinqapof •(*>l Tel *****/ y. iu are most obtain over
      82 words
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      Page 1 Advertisements Column 3
      64 1 Leader...Page C Leader...Page I See Shipping Times. rasa SHIPPING TIMES S'PORE has 4M.IN brandy OUE confident of higher earndrinkers 2 1ng5.......................................... 11 JAPANESE politicians back In KOREAN Cabiuet plans relief stock market S Kwangjn 12 ONLY one In lit computer NEW code for UK securities frauds detectedl dea1er5..................................... 12 AIRCRAFT
      64 words
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      Page 1 Advertisements Column 4
      222 1 The blind search is over! Ist Quarter 1960 Malaysia's investment incentives: need for change Malaysia has been quite successful in attract ing foreign investments tc help power the country's industrialisation programme But foreign investments remain mainly capital intensive despite incentives to encourage labour intensive industries. Also, locational incentives to encourage
      222 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Quarter of visitors were housewives and students
      625 2  -  By MARGARET THOMAS HOUSEWIVES, students and children made up almost a quarter of the 2.25 million visitors to Singapore last year. Close on their heels came professional, technical and related workers who accounted for 17 per cent. The annual report of the Singapore
      625 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      239 2 OBEROI Imperial Hotel has appointed Mm Laara Ml Hia Ne# as membership directress of the El Marocco an exclusive disco club for members and hotel guests. Miss Sob's three main areas of responsibility encompass those of personalising the El Marocco and creating a desirable and elegant "club"
      239 words
    • Article, Illustration
      Industrialist to visit S'pore
      135 2 THE chairman of the Federation of Danish Industries, Mr Erik Rasmussen, arrives in Singapore today for a three-day visit. Mr Rasmussen will meet government officials and representatives of various trade organisations. He will also visit Automarine Singapore, a subsidiary of the Danish company LJC-NES of which
      135 words
    • Article
      Singapore has 400,000 brandy drinkers
      155 2 THERE are about 400,000 brandy drinkers in Singapore consuming a total of 1.26 million litres a year. These figures were given by Tan Cbong Trading, the local agent for French Renault Cognacs. Tan Chong has been marketing the cognacs for the past six months and
      155 words
    • Article
      MEMO PAD
      466 2 SEMINARS AND COURSES May 30: Report Writing, RELC, Institute of Internal Auditors Inc (Singapore Chapter) May 31: Where the Money Is and How to Get It, SIM Conference Room, SIM June 2-3: World Banking Conference, Shangri-La Hotel, Business Times and Financial Times June 2-3: Attacking the Competition, Shangri-La
      466 words
    • Article, Illustration
      Computerised despatch system
      275 2 COMPUTERISATION may even extend to taxis in the near future. It has yet to come to Singapore, but a Canadian taxi company has reported great success with its recently installed computerised dispatch system. The new system replaces the old voice communication system of radio-controlled taxis. It simplifies
      275 words
    • Article, Illustration
      EQUIPMENT AGENTS WANTED
      140 2 AN AUSTRALIAN campaay is looklag far fßafaparr anats to kaadle Its raage of plastic gruile irylag eqalpmeat. Tkamaa Bsyee laatrameata, aa exklMtar at tke Rakkerplaa M exhibition mw sa at tke World Trade Ceatre, weald like ts market ejalpmeat like their deaatcast dekamldlfler, water sad all drealattag
      140 words
    • Article
      Mission to further develop two-way trade
      134 2 A BUSINESS mission to Thailand, Malaysia, Brunei and Singapore has been organised by the Northern Territory Development Corporation. This mission includes managers of prominent Northern Territory companies dealing in a broad range of products and services including beef and buffalo, agricultural and pastoral developments,
      134 words
    • Article
      Results of Unapdi studies
      106 2 SENIOR officials from member countries of Asean and United Nations agencies involved in the pharmaceutical field met this weekend in Bangkok to discuss the results of national studies conducted by the United Nations Aaian and Pacific Development Institute (Unapdi) in partnership with national teams of the
      106 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      354 2 How much do you see when you look at this etching? Jr W-i. "r-I r., •v > --'TV Thr V mar mm 1* Art. .Vr* »W*. ,J |fr. H The Time Life Library Of Art £ac/i 600/ c measures 9 x 12 inches (23 x 31 cm). Hard cover, with
      354 words
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  • REGIONAL
    • THE REGION IN BRIEF
      • Article
        Lock icon PINGPONG DIPLOMACY
        621 3 Agencies PINGPONG diplomacy which helped in the reconciliation between China and the United States in 1972 could well now come to Beijing's aid as it advances towards Taiwan for the reunification of the Chinese "motherland". Beijing allowed a glimpse of this possibility on Tuesday while expressing satisfaction at
        Agencies  -  621 words
    • Article
      MEF attacks amendments
      395 3 THE Malaysian Employers Federation (MEF) has described several of the proposed amendments to the Employment Ordinance as impractical and which will adversely affect industry. Singling out some of the more significant proposals, the MEF in its newsletter editorial argued against each of them and welcomed only one
      395 words
    • Article
      Lock icon Sino-Japanese trade reaches US$28 billion
      384 3 AFP SINO-Japanese trade since the establishment of diplomatic relations in 1972 amounts to US$2B billion, or five times the figure for the previous 22 years, the New China News Agency said. The agency reported there were many favourable conditions for developing economic and technical cooperation
      AFP  -  384 words
    • Article, Illustration
      Lock icon NZ-Jakarta talks on bilateral trade
      333 3 Reuter NEW Zealand Prime Minister Robert Muldoon yesterday discussed bilateral trade and regional political issues in Jakarta with President Suharto of Indonesia. No details were immediately available but official sources said there are no major fields of disagreement between the two countries. Mr Muldoon, in
      Reuter  -  333 words
    • Article
      Lock icon No-confidence motion planned by opposition
      253 3 AFP INDONESIA'S ruling Golkar Party yesterday accused its rivals, the Nationalist Party (PDI) and the Muslim United Party (PPP), of indirectly planning a motion of no-confidence in President Suharto's leadership with their joint attempt in Parliament to form an investigation committee to look into the
      AFP  -  253 words
    • Article
      Lock icon Trade surplus drops
      222 3 Reuter THAILAND'S trade surplus with member countries of Asean in February dropped to US$39 million from $68.9 million the previous month and compared with a surplus of $26.5 million in February last year, statistics from the Commerce Ministry showed. Thai exports to Asean in February dropped to
      Reuter  -  222 words
    • Article
      Lock icon Nine die in unabated street fights in Assam
      646 3 AFP SERIOUS street fighting continued unabated in Assam between illegal immigrants and the local populace, leaving at least nine dead, hundreds injured, thousands homeless and affecting half of the state's 19.2 million population. "All Assam appears to be in flames...People have gone
      AFP  -  646 words
    • Article
      Lock icon Japanese politicians back in stock market
      257 3 Reuter JAPANESE politicians facing re-election are back in the stock market looking for funds by buying 'political stocks.' The president of the Tokyo stock exchange, Mr Hiroshi Tanimura, warned brokerage house members in a letter to be more prudent in their dealings during the
      Reuter  -  257 words
    • Article, Illustration
      Lock icon China promises non-interference
      562 3 Reuter VISITING Chinese Premier Hua Guofeng said his country had no intention of interferring in Japan's efforts to strengthen its defence. Mr Hua, on a five-day state visit to Japan, told Prime Minister Ohira that Japan needed to have a certain level of defence capability to protect
      Reuter; Source: UPI photo  -  562 words
  • Page 3 Advertisements
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      53 3 REM gp m M <*;'2 3F **T* JJmF -v —?r^ft 9 £j «<3f J V, P# •,j > i +&> iMi > '<" -.TV"* ail' -Ji g 1 KIK NOW! Yc '•aIAAtM.'!!») the thermostat a .*V- >.'. ma! I &g ■V all iiifc •114 i Therefore V r-A* cost of
      53 words
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  • RAW MATERIALS
    • Article
      Lock icon Hard times ahead for coconut growers
      484 4 Reuter AGRICULTURAL production in the Philippines, still the backbone of the economy despite growing mineral and industrial output, is caught in a local version of the "swings and roundabouts" problem. Although the country has seen the bottom fall out of the market for coconuts,
      Reuter  -  484 words
    • Article
      Lock icon Mineral stockpile study
      316 4 Reuter PROPOSED talks on mineral supply between UK mining houses and mineral processors and the Department of Industry were prompted by political uncertainty in certain key mineral suppl sources, a Department of Industry spokesman said recently. Junior Industry Minister David Mitchell said the British government is to
      Reuter  -  316 words
    • Article
      PALM OIL
      70 4 C.I.F. North European ports, In US dollars per ton unless otherwise stated: LONDON: Tuea Prcvioua Malaysian 5% ffa bulk per tonne June/September 590.00slr 590.00 Sumatra ffa bulk June 5 8 5.00 s 1r592.50slr July 590.00slr 592.50slr August 590.00slr 592.50slr September 590.00slr 592-50slr October unq unq Nigeria 5% ffa
      70 words
    • Article
      RUBBER
      156 4 IN THE London market yesterday, rubber futures closed the morning quietly steady, mostly 0.50 to 0.20 pence per kilo up from Tuesday. Sales were 69 lott of 15 tonnes, there were no kerb trades and no options were traded. Dealers said trading conditions were extremely quiet with values edging
      156 words
    • Article
      RICE
      207 4 Yesterday's closing prices ex-godown: BANGKOK: Closing prices in US dollars per tonne F. 0.8. basis Bangkok: WHITE RICE: 100 per cent Ist class 463, 100 per cent 2nd class 448, 100 per cent 3rd class 443, 5 per cent 436, 10 per cent 418, 15 per cent 411, 20
      207 words
    • BRIEFLY
      • Article
        DENMARK SIGNS IRA
        251 4 DENMARK has became the sixth eoaatry to alga the 1171 laterantloaal Robber Agreement, the UN Legal Office said oa Tuesday. The mala aim d the agreement, concluded last October under the aaspiees ef the UN Coafereaee on Trade aad Development, Is to stabilise the prlee of aataral
        251 words
    • Article
      SOYBEAN
      238 4 THE Chicago Board of Trade soybean futures finished US2 V« cents a bushel higher in the near July, to unchanged in the deferred May on Tuesday. Prices settled in the middle of a 6 l /i cent range in quiet trade. Active local spreading of old/new crop lifted nearbys
      238 words
    • Article
      WHEAT
      222 4 THE Chicago Board of Trade wheat futures ended USI y« to four cents a bushel higher in relatively quiet trade on Tuesday. Exporter selling late took nearby values off day's highs, traders said. Computer fund selling by the Cash Hog House, estimated at 3.0 million bushels of December, edged
      222 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cottoa yam: China Blue Phoenix 20s 2,220; 32s 2,595. 40s 2,860 (per bale of 400 lbs). Piece gM*»: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      LONDON MARKETS
      1020 4 COFFEE: Robusta futures closed yesterday morning steady near the session highs and £15 down to £4 per tonne up from Tuesday. Turnover was 1,923 lots including 24 options and around 350 lots of cross trades. July ended £12 down at £1,685 against an opening low of £1,670. September
      1,020 words
  • ASIAN STOCKS
    • Article
      Drop in US PLR encourage investors
      537 4 TOKYO A DROP in the prime rate in the US encouraged investors to buy stocks on the Tokyo exchange market yesterday, pushing the Dow Jones average up by Y22.55. The 225-issue indicator closed the day at Y6.849. Resources-related issues rose in the morning. They
      537 words
    • Article
      Lock icon Hongkong
      366 4 Source: SHK Sec THE market acted in a yoyo Fashion yesterday, opening better, then falling almost 15 points before rallying towards and after lunchtime. Trading was hectic at times and increased significantly from Tuesday. The technical support level was pegged at 860-870, and it proved so after panic selling
      Source: SHK Sec  -  366 words
    • Article
      Sydney
      372 4 THE market was firm in active trading yesterday, with oils and mining shares leading the rise, dealers said. Among oils, Santos rose 60 cents on a special sale to A 513.00 while Bridge Oil rose 15 cents to $4.15 following announcement of a share issue by a subsidiary. Southern
      372 words
    • Article
      Bangkok
      258 4 STOCK prices closed mixed in weak trading yesterday, dealers said. Bangkok Bank fell two baht to 280, Industrial Finance dropped one to 114, Saha Union rtse one to 167 and Jalaprathan Cement closed unchanged at 110 baht. MAY 28 Bahts Asia Credit 128 -4 Asia Fibre 127 unch Ayuthaya
      258 words
    • Article
      Manila
      142 4 THE market closed mixed, with minings firmer while oils, commercials and industrials were easier, dealers said. Turnover declined to 4.8 million pesos from Tuesday's 5.3 million. Atlas Con B, Baguio Gold and Benguet Con B firmed but Basic Petroleum, Phil Overseas and First Phil Hldgs fell, while the rest
      142 words
    • Article
      Selected indices
      50 4 FINANCIAL TIMES INDUSTRIALS Tuesday 420.0 Monday closed Week Ago 433.6 DOW JONES AVERAGE INDUSTRIALS Tuesday 857.76 Monday closed Week Ago 832.51 H.K.HANG SENG Wednesday 884.96 Tuesday 876.54 Week Ago 890.08 SYDNEY INDUSTRIALS Wednesday 648.23 Tuesday 645.36 Week Ago «29.37 ALL ORDINARIES Wednesday 856.80 Tuesday 851.66 Week Ago 821.03
      50 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      55 4 r indispensable reference books I for the B businessman comprehensive information on companies' profile, including management personnel details. Updated introduction to people who matter in business and government. w Robinson's Bookshop The most authoritative compilation on the offshore industry. Detailed index with history of management personnel. Basement Clifford Centre Collyer
      55 words
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  • OVERSEAS
    • Article
      Lock icon Russia spells out terms for Afghan settlement
      523 5 Reuter SOVIET President Leonid Brezhnev said that a political settlement of the Afghanistan crisis was possible, but it would require the end of armed invasions from neighbouring countries. Mr Brezhnev also made a strong attack on the United States, accusing it of pursuing
      Reuter  -  523 words
    • Article
      Lock icon No progress made in EEC meeting
      272 5 AFP EUROPEAN Economic Community (EEC) finance ministers met in Brussels yesterday to discuss the problem of Britain's contribution to the EEC budget, but made no progress. The meeting was the start of a series of deliberations on how to revive the ailing community. The
      AFP  -  272 words
    • Article
      Saudi peace plan for Middle East
      213 5 ISRAELI Prime Minister Menachem Begin has offered to let Prince Fahd of Saudi Arabia explain his plan to bring, under certain conditions, the Palestinians and other Arabs into the Middle East peace process. In an interview with Washington Post, Mr Begin invited Prince Fahd
      213 words
    • Article, Illustration
      Lock icon MORE AID FOR THIRD WORLD
      221 5 OPEC countries have agreed to boost their aid to the Third World by US$l.6 billion but said they would accept a sharply reduced level of contributions from Iran. Finance ministers of the Organisation of Petroleum Exporting Countries compromised with Iran after it pleaded that it
      Source: UPI photo  -  221 words
    • Article
      Lock icon Carter to oppose budget proposed by Congress
      412 5 NYT PRESIDENT Carter has decided to oppose the proposed Congressional budget of U*****.3 billion for fiscal 1961 on the grounds that it devotes too much money to military spending and too little for jobs, cities, transportation and income security, a senior Administration official
      NYT  -  412 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      787 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL SIA/BA SQ/BA17 0800 LHR/BAH MAS MH621 0635 PEN SIA SQ101 0615 KUL RBA BI421 0930 BWN MAS MH671 0930 PEN/KUL MAS MH605 1000 KUL SIA SQ211 1000 HLP CPA CX710 1005 HLP SIA SQ103 1015 KUL
      787 words
    • Article
      Lock icon Worse recession than the last
      495 5 AFP Reuter THE British economy will return to the stop-go cycles of the sixties and early seventies, balance of payments crises and the need to devalue sterling after North Sea oil production peaks in 1965/86, according to Economic Models Ltd, a London-based International Forecasting Group.
      AFP; Reuter  -  495 words
    • Article
      Lock icon Higher consumer prices
      154 5 AP THE world-wide acceleration of consumer prices continued in the first months of 1960 despite a dip in wholesale prices in April, the International Monetary Fund (IMF) said in its monthly publication. Preliminary calculations indicate that the wholesale price index of primary commodities traded internationally was down
      AP  -  154 words
    • WORLD IN BRIEF
      • Article
        Lock icon CARTER IN THE LEAD
        436 5 Agencies PRESIDENT Carter has won four more state primary elections, leaving his rival. Senator Edward Kennedy, to stage a political miracle if be is to stop Mr Carter from being renominated by the Democratic Party. The 48-year-old senator's fading hopes of being the Democratic presidential candidate
        Agencies  -  436 words
  • Page 5 Advertisements
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      11 5 Tjaufe Cuisine ala Kashmir Ctmat *Hdy ya>n Tel: 561 s< >s
      11 words
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      Page 5 Advertisements Column 2
      381 5 AGOMIANY THAT PLANS ITS BUSINESS EFFECTIVELY SHOULD BE ABLE TO PLAN rrs own Office sr°ce likewise. GETZCONCEPTBO OPEN PLAN SYSTEM FORTHE OFFICE REFLECTS EFFKZIENCY AND GOOD BUSINESS SENSE. v, m Studies have indicated that the total office layout is as important as managerial skills in running an efficient office The
      381 words
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  • Article
    Value of foreign engineers
    351 6 THE Economic Development Board's plan to recruit engineers from universities abroad is an eminently sensible way to ease one of the most persistent bottlenecks in Singapore's industrial development the severe shortage of engineers with the qualifications and experience needed by high-skill industries. The EDB, by virtue
    351 words
  • Article
    Industrial stability essential
    247 6 WHEN the idea of a petrochemical complex for Singapore was first seriously considered between officials of Sumitomo and the Singapore Government, there was the fear that it would become a white elephant caught between a recession caused by sharply rising oil prices and an over-supply of petrochemicals
    247 words
  • Article, Illustration
    The crime that seems to pay
    1375 6  -  FRAUD BY COMPUTER The FBI estimates that only one in 100 computer frauds is ever detected. And a smaller number still are reported to the police by victim companies because most are embarrassed by their vulnerability to the fraudsman. ROBERT MCDONALD describes the dramatic
    1,375 words
  • Page 6 Advertisements
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      160 6 CARLOS CASTANEDA THE SECOND RING OF POWER f Carlos Castaneda's journey into the world of sorcery has captivated millions. In this new book, he introduces dona Soledad, whose mission is to test Castaneda by a series of terrifying tricks. Thus, Castaneda is initiated into experiences so intense, so profoundly disturbing,
      160 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1475 6 OSCAR SPECTACULAR TONIGHT'S mala attraction most be Thursday Feature Special on Channel 5 at 19.95. Here's a chance for yon to see lots and lots of movie stars In one television programme. Johnny Carson is the host in this annul Hollywood Oscar spectacular, the 51st Annual Academy Awards, with other
      1,475 words
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  • Article, Illustration
    Sweet and sour of Manila's economy
    1113 7  -  SWINGS AND ROUNDABOUTS PROBLEM Although the Philippines has seen the bottom fall out of the market for coconuts, the main export earner last year, it is well poised to cash in on a world shortage of sugar and a consequent boom in prices. Sources
    1,113 words
  • Article
    How conserving energy can harm your health
    825 7 According to one World Health Organisation expert, indoor pollution is already doing more damage to human health than the outdoor pollution which regulatory authorities are fighting against throughout the industrialised world. And the problem is growing. In one case, it was discovered that
    825 words
  • Article
    Lock icon As President or Chairman of the Bored?
    762 7  -  FOBOM, with JAMES RESTON NYT FORMER California Governor Ronald Reagan's early victory in the battle for the Republican presidential nomination gives him many advantages over his Democratic Party opponent. It will be about 50 days before he is actually nominated in Detroit, and
    NYT  -  762 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      89 7 jw/7^}wTr\ Sf»/> •>» w 3f£ r. t JS^Trj; jff® u A f i L i -«a v -f W» 1 nace^eo^ m has en 3 »hp Spa n THE SI~ t5-S-SS?S«;SS •>« The Boat P eoP u ncerta*w 0 9 l ou ,«o« E 80^ c,ual Stat,St S ~,77? .ape.P«
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      64 7 Pa£. LO\LL NpU Be Tue Fißm'S D»WeR PAHQ6. t*e.XT U>€j£K -P J i 7AC COR. RTtcT»r4S— LOILL SOU BC PiTlloslDlMG "MC Eißm's DiNN€.£ P*ND DRMQE: NEXT VUGPNGSDF NV9_-/ f rot?. pirnKiNS LOILL Nbu Tme FiCros DIM NCR L DPINCjE. \u>£DN£SDfvY 9 y ft3>»DiNQ, NOTmUG O»Tv4G.TfeJ-LV N »Gv4T. LJCOtCSDRN r 1
      64 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        178 8 MAY 27 Fls ABN 289 00 I Ahold 66 60 0.4 Akao 24 00 0.2 AMEV 96.00 0.9 Amfu loiaoxd -3.7 Amro Bank 63.70 0.7 Bergoss 38.60 unch Berk ***** -0.4 Boa 60 00 -0.5 Borsumij 194 00 3.8 Burhmann 64 50 Byenkorf WOO 05 Calve Delft 162 50B
        178 words
      • Article
        Paris
        274 8 MAY 27 Frs CORBEILLE Air-Liquid* 543 5 B S N Gervais Danone 984 -6 C S F (ThomsonCsf) 494 2 Cie Francaise des Petroles 259 1 Compagnie Financiere Compagnie 391 5 Generate Credit Foncler De France 457 80 9.8 H ache lie (Librairie) 254 3 Machines Bull 8010 -05
        274 words
      • Article
        Brussels
        98 8 MAY 27 Frs FORWARD MARKET Acec r 290 >8 Arbed 1905 -5 A slur 468 3 Brase an 676 14 Bru-Lamb 1302 unch Canpac 1026 46 Cock 273 -4 De Beers 269 5 Ebes 1970 -15 Electrobel 5850 60 Gb-Inno-Bm 2380 20 Gev 1060 10 Hobo It 2555 10
        98 words
      • Article
        Frankfurt
        228 8 MAY 27 Dm Aeg-Telefunken 75 50B Akzo 21 80 >0 1 Atl2 Leben 890 00 unch A1U Vers BASF "1TZ 143 40 0.9 Bay H T Wbank 219.00B 1 Bay Vbank 274 00 Bayer 123 50 1 5 BBC 287 70 -18 BMW 183 50 14 Cassella ***** 3
        228 words
      • Article
        Milan
        107 8 MAY 27 Lire Anir 8 20 unch Assoc Gen ***** -630 Bastogi 575 •5 Central? 9900 l Fiat 1773 8 Finsider 70 75 4-0.75 Gen Immob 00 -1 75 IFI Pri 2440 57 ItaJcementl ***** -SO I la If as 750 -10 Ilalsider 322.50 unch Magneti M Pf 549
        107 words
      • Article
        Lock icon Associated Engineering
        67 8 Reuter ASSOCIATED Engineering of the UK has announced a pre tax profit £10.5 million (previous £10.3 million) in the half year ended March 31. Sales £226.9 million (£183.4 million); earnings per share 6.9p (7.4p); interim dividend 1.63p (same); pre-tax profit after interest £5.7 million (£3.3 million) and depreciation
        Reuter  -  67 words
      • Article
        Lock icon Takeover of Liggett
        55 8 Reuter GRAND Metropolitan has announced that its recent extraordinary meeting in London passed a resolution to approve the proposed acquisition of Liggett Group. Grand Metropolitan had a week before offered USJ69 per share of common stock for liggett in a bid totalling around US$57O million and Liggett
        Reuter  -  55 words
      • Article
        TORONTO
        207 8 MAY 27 C$ AblUbl 19' Alran 33 4- 4 Algoma 30 1'. Bank Mont 27'. Bank Nova Scotia 29 Bell Tel 21 V Beth Corp BP Can Ltd 44'. 2'. Brascan 27 Camp Red Lake 40'. I*. Can Imp Bk 27'.■ •i Can par 42 T Canpar Inv Pf
        207 words
      • Article
        JOHANNESBURG
        284 8 MAY 27 Rand INDUSTRIALS A Alpha 300 A be r com 297 2 AE And CI 800 unch A MIC" 2325 unch 1030 5 Cg Sugar 1100 unch CNA 450 10 Currle Finance 185 S De Beers Ind 2650B unch Edcon 530 unch Edgars 6500 Eveready Fed Volk 400
        284 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      290 8 Where to wine, dine and entertain I r. i Less to pay on our Weekday Package! t. w How long ttnca you had a day to do abaoiutaly nothing axcapt laza? Mow whan you coma on our apacial waakday holiday, you gat bad and braakfaat ptua Mi lha lima lo
      290 words
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      Page 8 Advertisements Column 2
      162 8 rt" IV lubcrtufi tSrill For lunch. For dinner. For a richly rewarding experience. Businessmen's Lunch Monday toFriday SIS 10% service cha rye VV. cess Javanese Riistafel Saturdav <St Sundav Sib 1()'V. service charye V\, cess F or reservations call 737 1 )b77 A \&> i iiiiirv I 'ark *-»lH*rnli »i>
      162 words
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      Page 8 Advertisements Column 3
      188 8 SEE PAGE 4 for Asian stocks and Page 9 for NYSE prices 4 V"* > 'Mf L,« Dine at Dragol Palace lave a royal feast ol Cantonese delicacies a memorable experience. Quick flong Kon<j rim Sum Lunch available dailv. Corkpil iSotrl t <tll .Josephine for reservations *****75 or ***** 1I
      188 words
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      Page 8 Advertisements Column 4
      195 8 Noodles, mien or mee? It's the same. No matter what you call it. The difference is the way our chefs serve up to you. Whether it's fried, dry. or in a soup. Whether it's Hokkien-style. Cantonese-stvle. or local-style. You'll like the way we have with noodles, mien and mee at
      195 words
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      Page 8 Advertisements Column 5
      180 8 The American Express Card serves you well wherever great food is served C:. 'A, ■■4 i Mi Try tome of our delicious local favourites prepared to perfection. *#7 Nonya Laksa, Tahu Goreng, ft Gado Gado, Mee Stam &an assortment of spicy curries. f Hainaneae Chicken Rice, Satay and Taiwan Porridge
      180 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Fuji Bank's issue is first on HK rate
      314 9 Reuter FUJI BANK will float US$2O million of three-year floating rate certificates of deposit for its Hongkong branch bearing interest at one quarter per cent over the six-month Hongkong interbank offered rate for US dollar deposits. Co-manager Kleinwort, Benson (Hongkong) Limited said
      Reuter  -  314 words
    • Article
      Lock icon A Societe Generate branch in Taiwan
      181 9 AFP SOCIETE Generate, the French bank with longstanding relations with China, has picked Taiwan to be a final link in completing its AsiaPacific network. The bank, which is 93 per cent controlled by the French government, will be opening a branch in Taipeh while
      AFP  -  181 words
    • Article
      Lock icon Four US banks cut PLR by up to 2pc
      422 9 Reuter AP FOUR major US banks have cot their prime lending rate by as much as 2 per cent to 14 per cent, continuing a steep decline in interest charges. The prime rate, the interest paid by a bank's best corporate
      Reuter; AP  -  422 words
    • Article
      Lock icon S'pore expected to overtake HK in forex turnover
      508 9 UPI SINGAPORE is $600 million behind Hongkong in daily turnover of foreign exchange trading, but international money men predict that the Singapore market will overtake Hongkong by 1984. Singapore had foreign exchange dealings as far back as the *****. Recently, the market
      UPI  -  508 words
    • Article
      Lock icon Chase to issue Visa travellers cheques
      693 9 NYT Reuter THE CHASE Manhattan Bank has announced that it will begin issuing Visa travellers cheques in September, according to sources within the bank in New York. Industry analysts say that Chase, because of its size and its close relations with smaller banks around
      NYT; Reuter  -  693 words
    • Article
      Higher for third day
      1157 9 NEW YORK STOCK prices on Tuesday closed broadly higher for the third consecutive trading day as interest rates continued to decline. Four major banks cut their prime lending rates to 14 per cent. The Dow Jones industrial average was about four points higher with advances leading
      1,157 words
    • Article
      GOLD
      193 9 IN LONDON, gold firmed to U*****.50/517.00 an ounce at Tuesday s close, after an afternoon fix of $514.80 and a morning fix of $514.20, dealers said. This compares with Friday's close of $510/513 and Tuesday's opening indication of $511/513. Dealers said the further cut by major banks in US
      193 words
    • Article
      Frankfurt
      34 9 The following are Frankfurt's exchanges opening quotes yesterday USfl.7690/7700 (1.7626/36) Stg 4.181/86 (4.175/85) Can 1.5251/67 Dfl 90.84/98 Sfr 107.56/71 Lit 2.130/136 Ffr 42.89/93 Nkr 36.34/38 Bfr con 6.235/245 Bfr fin 6.165/175 Yen 0.7949/59
      34 words
    • Article
      Zurich
      43 9 The following are the exchanges closing quotes for Zurich yesterday: US$1.6375-6390 Stg 3.8825-8877 Can 1.4130-4148 dmk 92.*****771 DC 84.4812-6023 Ffr 39.8807-9366 Bfr 5.7924-8007 Dkr 29.8188-8543 Nkr 33.7768-8217 Skr 39.3961-4417 Lit 0.1972-1975 Aus sch 13.0219-0442 Port 3.3418-3655 Spain 2.3426-3475 Arg 0.08-1/4-09-1/4 Yen 0.7465-7500
      43 words
    • Article
      Australia/NZ
      56 9 The following are the exchange opening quotes for Australia and New Zealand. NZ exchanges: Reserve bank midrate US».9927 Trading bank indications US$0.9977, 0.9877 Stg 0.4198, 0.4168 90 airmail buying rates US$1.0271 Stg 0.4452 Aust exchanges: US$1.1514/1.1466 Stg 0.4861/0.4806 90 day air mail buying rates Stg 0.5112 US$1.1949 90 day
      56 words
    • Article
      LONDON
      299 9 THE U.S. dollar opened steadier yesterday at 1.7692 7702 marks compared with a late Hongkong 1.7690/7700 and a New York close on Tuesday of 1.7610/20, dealers said. They said a number of factors combined to help the dollar, including profit-tak-ing after the US currency's recent weakness, end-month booksquaring and
      299 words
    • Article
      HONGKONG
      164 9 THE U.S. dollar rose sharply against the yen to a late 222.80/223.00 yen in quiet trading yesterday from an early 221.55/65 and 219.60/ 220.00 at Tuesday night's New York close, dealers said. The dollar was helped by short-cover buying from Europe while President Brezhnev's statement that a political settlement
      164 words
    • Article
      TOKYO
      217 9 THE U.S. dollar for overnight delivery closed sharply firmer at 222.90 yen yesterday, compared with a 219.80 opening and 220.90 at Tuesday's close, dealers said. Trading was active but nervous with volume $952 million. The dollar recovered briefly to the day's high of 223.40 yen on continued import covering
      217 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      145 9 CHINESE RESTAURANTS uia M Penthouse Restaurant \ll jpU Holland Road.Shopping Centre. V 77 Opposite Chip Bee Garden Tel: *****06 Seafood 8.8. Q. Steamboat $12/Happy Hours: 3joo pm to 6.00 pm Drinks (20% discount) and Snacks •Prompt Luncheons •Catering: Functions •Gourmet Dinners •Buffet Parties Daily: 11.30 am to 2.30 pm 6.30
      145 words
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      Page 9 Advertisements Column 2
      61 9 This announcement appears us o mailer at rerun/ onlv. ASIAN-DOLLAR ISSUE THE DAIWA BANK, LIMITED (Inrurpnraliil with liniih'd li.ihilitv m |.ip.in| Tower 8001-3, DBS Building, 6 Shenton Way, Singapore 0106 U5515,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit due 31st May 1983 Managed by Singapore Nomura Merchant Banking Limited
      61 words
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  • COMPANY NEWS
    • Article
      Questions for Straits Trading
      891 10 •MINORITY SHAREHOLDER GROUP SEEKS MORE DATA -2 EFFORTS by a group of minority shareholders to ex- tract more information from I; the board of Straits Trading Company Ltd on the true value of assets owned by the are continuing, 'with an exchange of letters fitking place
      891 words
    • Article
      SHARE INFORMATION SERVICE
      2784 10 1980 J*-' High Low Company Last Sale orGr's Div Div C'vr Gr'» Y'ld Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 370 223 149 163 324 80 290 400' 233 342 245 220 116 140 270 00 275 246* 187 285 Acma Alcom Allied
      2,784 words
    • Article
      Earnings jump at Public Bank for the year
      168 10 PUBLIC Bank, improving •n its already Strang performance in the first half, forged ahead in the second half to report a considerable earnings rise last year. Group profit after tax was op a steep per cent at $5.44 million for the year
      168 words
    • Article
      Takeover bid off at Perak Carbide
      139 10 PERAK Carbide has informed the KLSE that it has ceased negotiations for a takeover of two property companies as no progress had been made. This matter was brought to light when Perak Carbide was queried earlier this month on the substantial turnover in its
      139 words
    • Article
      Acquisition to give Raleigh a big push
      683 10 RALEIGH Cycles Malaysia's (RCM) acquisition of the smaller Far East Metal Works (FEMW) is expected to provide a tremendous boost to the group's earnings in the current financial year. Against an estimated loss of M 5521.000 for RCM in the last financial year
      683 words
    • Article
      DRAGON AND PHOENIX UP
      316 10 FOLLOWING a dull first half, Dragon and Phoenix has improved its earnings positions in the second half to produce a modest overall improvement for last year. The company's pre-tax profits rose 9.5 per cent to around $2 million for the year ended Dec 31, 1979, against
      316 words
    • Article
      COMPANY BRIEFS
      479 10 BOLTON Properties has informed the KLSE that four of its directors have an interest in the company's proposed acquisition of one million shares in Lim Thiam Leong Realty for $19.4 million and the proposed acquistion of two pieces of land for $2.18 million. The directors involved are Dato
      479 words
    • Article
      COMPANY MEETINGS
      517 10 Straits Steamship Company Ltd: EOGM and AGM to be held at the tower room, 27th Floor. Ocean Building, Collyer Quay. Singapore, at 11am today. Highlands A Lowlands Bhd: AGM to be held at the Anggerek Room. Hotel Equatorial, Kuala Lumpur, at 12 noon today. Sim Llm Investments Ltd:
      517 words
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  • Article, Illustration
    OUE confident of higher profits
    584 11  -  By TOH SU FEN OVERSEAS Union Enterprise, owner of the Mandarin Hotel, remains confident of its future, especially now that the 500-room South Wing extension of the hotel is operational. Reflecting this confidence, chairman Mr Lien Ying Chow said, "With the addition of rooms, convention
    584 words
  • Article
    EAC CAUTIOUS
    817 11 THE EAST Asiatic Company (Malaysia) foresees some difficulty in maintaining last year's group .profit level in the current year, although trading conditions are generally expected to be favourable. This is because of the cessation of timber earnings from its major subsidiary, River Estates, whose timber concessions in Sabah
    817 words
  • Article
    Astaire keen on local markets
    727 11 Market Talk... THE SINGAPORE and Malaysian equity markets have apparently continued to generate keen interest in the UK stock broking community. According to Londonbased Astaire aad Cwnpuy, the "abundant natural resources, sustainable aboveaverage growth rates and stable currencies" have remained excellent investment attractions in these
    727 words
  • Article
    Malayan Banking unit to aid bumiputra housing
    231 11 MALAYAN Banking has set up a special bumiputra housing unit to help bumiputras buy houses and those owning land to develop their property. A statement issued by the bank said this unit is an additional service to the existing Bumiputra Loans Unit. Its
    231 words
  • Article
    DIVIDENDS ANNOUNCED
    753 11 Current Es Booh* Date Total for Total for Payment Date Clo.e Payable the year Previous year Kulim M*ia 14% May 5 May 15 May 29 24% 2l.5%(a) SEA Corp 15% Apr 29 May 10 May 29 25% 223%(a) Tractor* (M) 12-SI Apr 10 Apr 28 May 29 12.5%
    753 words
  • Article
    SCRIP ISSUE
    149 11 Company Particulars Ex Date Books Close Boustead Bonus Issue of 1 for 3 May 19 May 30 Utd Plant Bonus Issue of I for 10 May 27 Jun 9 Magnum Corp Bonus issue of 1 for 2 Jun 6 Jun 18 Matsushita Bonus Issue of 1 for 4
    149 words
  • Article, Illustration
    Lock icon Close partner
    444 11 TCMiaa HOCK LOCK SIEW KUMPULAN FTMA has often been quoted as the Malaysian party which will play a prominent role in Cold Storage's plan to restructure its operations in line with the New Economic policy of that country. Investment circles say that Fima is already working closely with
    HOCK LOCK SIEW  -  444 words
  • Article
    RESULTS DUE
    202 11 Date La st Fall Yea t Company Perled A—aaeed Net EPS Gross Pre-tax last year (eeate) Div. PraOt <%) (I**) A Choc F 17/4 9.7 3.0TE 2,413 Oriental Hldgs F 30/4 24.7 5.8ft 19,888 G I Hldgs F 12/5 21/5 35.0 2,039 P Electric F 12/5 11.5 10.0
    202 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      71 11 A THE D AIWA BANK, LIMITED SINGAPORE BRANCH U5515,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit due 31st May 1983 In accordance with the provisions of the Certificates, notice is hereby given that for the Interest Period from 29th May 1980 to 28th Nov 1980 the Certificates will carry
      71 words
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      Page 11 Advertisements Column 2
      477 11 ASEAN TRADE SEMINAR JUNE 26 27, 1980 RELC International House, Orange Grove Road, Singapore Organized by Applied Research Corporation and Times Organization ASEAN is the fastest growing economic region in the world. In recent years, ASEAN trade has come into prominence partly because of the cooperation pursued by the member
      477 words
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  • Article
    Lock icon New code for UK securities dealers
    395 12 Reuter A* CODE of conduct for securities dealers in Britain will implement the EEC's recommendations in a form suitable to British markets. The Council for the Securities Industry, an independent London-based body, said the code, applying to all securities dealers such as brokers and
    Reuter  -  395 words
  • Article, Illustration
    Lock icon Cabinet discusses relief plans for Kwangju
    572 12 THE South Korean cabinet met yesterday to discuss measures for the relief and rehabilitation of the riottorn Kwangju city following the crushing of a 10day protest against martial law. A government spokesman said Acting Prime Minister Park Choong-hoon presided over a cabinet meeting attended
    Source: AP  -  572 words
  • Article
    Begin announces cabinet reshuffle today
    516 12 PRIME Minister Begin of Israel convenes an extraordinary session of his cabinet today to announce a reshuffling of its members and to seek their approval for it. The reorganisation, prompted by Defence Minister Ezer Weizman's resignation over the weekend, will then be presented by Mr
    516 words
  • Article
    LONDON STOCKS
    820 12 LONDON, Thurs. Gold shares moved as much as US$4 4 higher with the bullion price but equities and government bonds drifted lower in quiet trading. At 3pm, the FT index was down three points at 417.0. The gloom hanging over the equity market was deepened by the Confederation
    820 words
  • Article
    Lock icon Kampuchea under pressure to avert starvation
    681 12 Reuter AFP THE Vietnamese-backed Kampuchean government is under pressure from more than 60 nations to lift obstacles hampering starvation relief there. A two-day United Nations-sponsored meeting in Geneva ended on Tuesday with the participants saying the Heng Samrin government in Phnom Penh should make
    Reuter; AFP  -  681 words
  • Article
    Lock icon CDC invests £83m in poor countries
    169 12 Reuter THE Commonwealth Development Corporation (CDC) yesterday said it committed itself to investing a record £82.7 million in the poorest countries of the world during 1979. In its annual report, the London-based corporation said it now has projects in 45 countries, 37 of them
    Reuter  -  169 words
  • Article
    Lock icon Strategic challenge by Soviets
    92 12 Reuter CHINA'S top defence official told United States Defence Secretary Harold Brown the Soviet intervention in Afghanistan and Vietnamese action in Kampuchea were a strategic challenge calling for a strategic response. Vice-Premier Geng Biao, vice-chief of the Chinese Armed Forces' General Staff, said after a day
    Reuter  -  92 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      213 12 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 28th November. 1980 of: THE SUMITOMO BANK, LIMITED Ground Floor, DBS Building 6 Shenton Way, Singapore 0106 We hereby certify that the rate of interest payable on the above-mentioned Certificates of Deposit for the Interest Period
      213 words
    • Advertisement
      Page 12 Advertisements Column 2
      437 12 Be prepared. And be ahead of defaulters! Don't take unnecessary risks when doing business! Consult Data Pool. We provide professional services in in-depth research and analysis on local and overseas companies advisory services for credit extension, marketing and competitive analysis, and for identifying potential for takeover and mergers up-to-date, reliable
      437 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Partly cloudy. Report for 24 hours prior to 7.39 p.m. on May 28 at the airport. Maximum temperature 28.3 Associated humidity 84 Minimum temperature 24.0 Associated humidity 97 Hours of sunshine 0.35 Rainfall in millimetres 7.7 Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Sunflower for China
        77 13 UPI A JAPANESE shipping group will inaugurate a passenger liner service between the western city of Osaka and China this summer. Officials of Kansai Kisen Kaisha, a shipping operator based in the western Japanese city, said the service is a joint venture with Mitsui OSK Lines (passenger),
        UPI  -  77 words
      • Article
        Lock icon Longshoremen contract
        98 13 Reuter A NEW three-year master contract hammered out on Tuesday between dockworkers and shippers on the US East and Gulf coasts should receive rank and file backing by July 15, International Longshoremen's Association president Thomas W Gleason said. The agreement provides a basis for the ILA's 10 regional
        Reuter  -  98 words
      • Article
        Lock icon Shoot-to-kill order
        77 13 AFP PHILIPPINE military authorities have issued a shoot-to-kill order against six pirates allegedly involved in the killing of the skipper of a British cargo ship off the country's north-western coast on May 14. The shoot-to-ldll order was released after an "ultimatum to surrender" expired on Tuesday with none
        AFP  -  77 words
    • Article, Illustration
      NOL keeps its trans-Pacific trade promise
      614 13  -  By GOH ENG KEE DESPITfe the difficult times ahead in the transPacific trade, Neptune Orient Lines will keep its promise to the trade to introduce a five 1,600-TEU container ship service. This was stated by NOL chairman Michael Wong at a pre-christening party of
      614 words
    • Article
      INDEX TO ADVERTISERS
      546 13 Wppbg Um P»«e Cat Adriatic IV 5 Alea VI 3 All trans VI 5 Alpac VI 5 Angkutan VI 4 ANL I 1 APL m 4/5 Argentine IV 4 ASCL m 1 Asia Merchant IV 5 Bank Line V 5 BBS n 4/5 Ben Line V 3
      546 words
    • Article
      Lock icon China's engine to be classified with Lloyd's?
      547 14 Lloyd's List KWANGTUNG province's major marine diesel engine builder hopes to be the first in China to be classified with Lloyd's Register of Shipping. The Heavy Oil Factory, in Guangzhou makes slowspeed engines up to 1,200 hp and recently showed a representative of
      Lloyd's List  -  547 words
    • Article
      Lock icon Improved world merchant shipbuilding activity
      359 14 AP WORLD merchant shipbuilding activity improved during the first three months of the year with firm orders rising to the highest level since early 1978 and ships under construction rose more than half a million gross tons from the 1979 last quarter. Lloyd's Register of
      AP  -  359 words
    • Article
      Container Schedules
      1023 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/Agent and Is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      1,023 words
    • Article
      LONDON FREIGHTS
      1420 14 DESPITE Monday's holiday in the UK the US and Continental sectors, chartering was very good on Tuesday, mainly for vessels on time-charter and for ore. In the grain section a cargo was fixed from Duluth to the Netherlands at $45 fio for June and another from Northern Range
      1,420 words
    • Article, Illustration
      Lock icon Keeping the flag high
      1281 15 NORWAY READY TO REVERSE DECLINE Fairplay PREFERRING the risks and possible fortunes of the spot trades, Norwegian owners have paid the penalty during the difficult years of the late Seventies. The Norwegian flag Has been decimated, suffering a 20 per cent net loss of 246 ships
      Fairplay  -  1,281 words
    • Article, Illustration
      SHIPS IN PORT
      438 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Asuka Mam (2300 after Silver Eagle) 38/39 California (after Yue Man) 29/30 Cherry Laju (after King Tower Snowfrost sail) 25/ 26 Coral Princess (Passenger) (1200 after Centaur) 42/43 Elbhoff (Clinker) (after Trieste) 5 Kota Perwira (0700 after Kota Pahlawan) 10/11 Nedlloyd Fresco
      438 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2932 19 SCHEDM.E 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
      2,932 words
    • Article
      The Consortia
      135 19 rhe major shipping consortia operating >etween the Far East/Europe and Straits K)rts/ Australia and the member lines. kCE (FAR EAST/EUROPE): "ranco Belgian Services. K' Line. Corean Shipping Corporation. Jeptune Orient Lines. )rient Overseas Container Line. 'ho Yang Shipping. LNRO (STRAITS/AUSTRALIA): Lustralian National Line. Australia/Straits Container Line, ledlloyd Lines.
      135 words
    • Article
      PORT CONDITIONS
      823 20 ALGERIA Algiers, Oran, Skikda and Annaba May 21, waiting time of between 5-15 days. ANGOLA Luanda May 21, 7-10 days delay. Lobito May 21, no waiting time. ARGENTINA Bahia Blanca Mid May, 3 vessels waiting for berth with 3 days delay. Buenos Aires Mid May, 9 grain loaders
      823 words
    • Article
      WORLD SERVICES
      311 20 UK-MEDITERRANEAN: Thership, Danish owners of Euro-Med Line, are now including calls at Great Yarmouth on their monthly conventional service to the Eastern Mediterranean. The East coast port is in addition to the existing call at Poole, the vessels loading for Tunis, Tripoli and Marsa el Brega with additional
      311 words
    • Article
      Lock icon Freight market at a steady pace
      396 20 AFP CHINESE activity and strong rumours of Soviet chartering interest kept the freight market fully steady last week. After a slack start there was a brisk bout of fixing before the long holiday week-end. Chinese chartering concerned several grain cargoes from both American seaboards.
      AFP  -  396 words
    • Article
      WHO ACTS FOR WHOM...
      1443 20 The leading shipping lines operating from local ports and the agents who handle cargo bookings for them. A B Adriatic Caatalaer Continental Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agencies (S)/Euro-Asia Line (PK/PN). Alfred C. Tsepfer Sea Consortium (S)/Marintex Enterprise (PK). Alpac Intraaea (S)/Yeo Shpg and
      1,443 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      325 13 |J\ QRANARD LIME INDEPENDENT- ATTRACTIVE RATES MEDITERRANEAN/EAST ASIA £ER VICE ACCEPTING CONTAINER CARGO FCL ONLY FOR: PORT SAID. ALEXANDRIA, BEIRUT, LATTAKIA. UMASSOL, ISTANBUL A PIRAEUS Specially engaged agents A stevedores providing immediate discharge. MMMISMITHM MENCIES ffl m 111. TEL *****77 (S Lines) I R I )l M I \H Orient
      325 words
    • Advertisement
      Page 13 Advertisements Column 2
      271 13 as® SEALORD AMAH m UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES Dammam (30/6). Kuwait 2/7). Abu Ohatx 7/7) Doha (5/7) Dubai (1/7), Dammam (4/7), Abu Dhabi (7/7), Kuwait (10/7). Mma Qaboos (13/7) Dubai (24/7), Dammam (27/7), Kuwait (30/7), Doha (2/8), Abu Dhabi (5/8) FULLY CONTAINERISED SERVICE RECT SEAL
      271 words
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      Page 13 Advertisements Column 3
      28 13 I CONTAINER Schedules II LONDON Freights U/Ul SHIPS In Port 111 SHIPPING List YD REGIONAL Weather Vm WHO Acts For Whom Vm WORLD Services Vm PORT Conditions Vm
      28 words
    • Advertisement
      Page 13 Advertisements Column 4
      633 13 4> cnan Algeri.in N.ihon.il Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS i F > Agents: I I J VMMCtRC TRAMS I TMIMC AICMCT PTL LIB. Tel: *****4(5 lines) SINGAPORE n* MAERSK LINE EXPORT TO U.S. PACIFIC, GULF, ATLANTIC. EAST CANADA AND ASIAN PORTS SIL I.: .I'M in ifiJU2Z222JI K'f/1 IT/1
      633 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      553 14 LEO SHIPPING PTE LTD. SINGAPORE PERNAS-MISC SHIPPING AGENCIES SDN BHD PORT KELfING PENANG Jl" HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 MALAYSIAN NTERNATK3NAL SHPHNG CORPORATIONBERHAD Cwtiiwr Smite To Europe Mm Accqjbng For: 1) Barcelona. Genoa. 2) Amsterdam. Antwerp. L Havre. Bilbao Basle. UK. 3) Bremen. Bremenhaven Aarlws. Copenhagen. Helsinki
      553 words
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      Page 14 Advertisements Column 2
      265 14 BBS SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA fe Icily FCI Main w*y Mm accepknf Cant mm to CARRKAN na I SINGAPORE CALIFORNIA EXPRESS CONTAINER SERVICE ONLY 22 DAYS Nrt Kttont Penan* < > FH# M &mnri AISO ACCEPTMG MLB I* Houston. Nr« Orleans. MoMe
      265 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      542 15 Overseas I Containers ■mm Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok ctwiiump sonnet to uk/coctph: Vpm tJUtm, ■impiU *1 I Ciprea m CantafcionNp Sorvices To/From Banckofc mtHKxaw snto. mm «/cowwpit: at aaa a- a ?c si?* 7to Ito MR. US uaw IJ4
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      Page 15 Advertisements Column 2
      482 15 'Jg Franco Belgian Ser vices \h r F< ist Ft, >,rita r,-i h, V.ijh y,„ ,s f ,rti f.tru** 2iSP® MM> T Si ttov WKKM 3km 4km omnna imi »j» Man* 15 km 11 km UNM« trwi rhma i!£ aim 23km 2*km mum 2£ v nkm 1M «rauami V 2
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      674 16 p Hapag-Uoyc CONTMfRBED TO EMHPE S*m PJUtanllftof nra Mm SCO SSjL 30/5 L' /S 22/6 ?4/« 75/6 27/6 28/6 30/6 IJ'V' 7/1 9/S 2/7 1/7 30/6 29/8 2»SL </7 8/7 7/7 9/7 UMrik. W/S ,/7 11/7 ,2 7 14/7 ■£2Ti£l! n/ 10/7 7 13/7 15/7 n/t 20/7 21/7 23/7 3»/6
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      Page 16 Advertisements Column 2
      653 16 3 X KOREA SHIPpm LIN J HIPPING CORPN PKtbnj VEGA 149W 9/12 Jum VEGA 150E 9/12 June ALTJUR 153W 11/14 My ALTMR 154E 11/14 July STOW 13/17 June FOR BUS* BANGKOK 13/17 June TO BUSi INCHON 15/19 My FOR BUSA BANGKOK 15/19 July TO BUS/ PENANG CALL SUBJECT MOUCEMENT *X
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      Page 16 Advertisements Column 3
      550 16 E EVERGREEN LINE FAR [AST FUROPf fXPRISS FULL CONIAINfR SIRVICE ACCLPTWG CARGO FOR HAMBURG. FELIXSTOWE. ROTTERDAM. ANTWERP. IE HAVRE ALSO ACCEPTMG CARGO FOR umted KMGOOM SOUTHAMPTON. LONOON. MANCHESTER. BIRMMGHAM BRISTOL. LIVERPOOL. GLASGOW. LEEOS WEST GERMANY mama HOLLAND AMSTERDAM Im lady Hit mImT Xkm aMm L J 4^ iim*M 13 tm
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      Page 16 Advertisements Column 4
      785 16 Everett Lines/ Burma Fivt Star ShippMf Corpn. 'BURMESE NATIONAL LINE' LOAMNG FOR RANGOON Spare PKaMt Pen mourn May Ji/i m J*;* man mm, 31/1 m HTMT*irrwt m nan i/u ka B.F.S.S C. Afl«nn m Malaysia TEPS MALAYSIA Comnanii Ars#ntiiii Di jWrf> Nav—aciaa twfrcoirti—tal S. A. C.I. F. Vyfy "ARGENTINE NATIONAL
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      Page 16 Advertisements Column 5
      496 16 > nwj w, 19DV mo.s.E. S\ OCEAN SHIPPING ENTERPRISES PTE LTD. A A A A A SANKYO LINE AUSTRALIA SERVICE !fix. sacw BANGLADESH SERVICE 15/20 CWTTMOHG. CHUM JAPAN/STRAITS SERVICE OCEAN RESOURCES 3/4 in* GENERAL AGENTS OCEMM CONTMOBOg 'aa agwts p. ocean svpwc tonqrmu pit in smgapw m 22*11*4/71 22*137* I.
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      751 17 L. PIL GROUP EAST AFRICA/REDSEA SERVICE A SING APORECHITTAGOHG/RANGOON/SER VICES SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES KOTA RATNA. MPI/3 Jun KOTA MACHAM SINGAPORE/INDONESIA/SINGAPOfiE SERVICES S.E.A. Container Feeder Service SINGAPORE/HONGKONG/MANILA ACCEPTABLE LCL/FCL CONTAINERS/ ALSO AVAILABLE 40-FT REEFERS. FOR HKG Pakistan National Shipping Corpn. Karachi Pan Islamic Steamship Co. Ltd. Karachi ETA S'pofe 27/21 May
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      Page 17 Advertisements Column 2
      767 17 lit* BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE WITH IKRTY TO CALL AT RED SEA PORTS SPORE *****4. A LUMPUR *****4 PRELANG 6521. PENANG ***** f o BEN ASIA CONTAINER SERVICE EXPRESS CONMMR SERVICE STRAITS/TAIWAN/MP AN Mbtn l«a hmfe Ml 5 us* tm d** Act 3KI Mi Ac. ICI
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      Page 17 Advertisements Column 3
      621 17 T K I V SqanDutchU WEEKLY EXPRESS CONTAINER SERVICE OMUkM I OAMUA J/It I PINKAU/I I OANJA 21/4 BPCNAGA2B/4 Ixarpoal. UK. Canary I Wwf 3)Kb»r|4>Cb H f| TOUKOK-t- l/l 20/« 23/4 25/4 2|/| vnm 10/1 »/i x/t w 3/7 WMKM 17/4 2/7 7/7 |/7 10/7 MTUNCN 24/4 J/7 14/7 is/7
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      Page 17 Advertisements Column 4
      541 17 BOUSTEAD AGENCIES THE BANK LINE LTD. LOADS FOR E. I S. AFRICA r nit in i 'pmt Imm m* STKtmtm 9/11 My 12/16 My 25 My 31 My (abo totdnt lor Port Eta. East London and C'towi) U.S. GULF COAST SERVICE (New (Means, Mobie, Houston, Galveston) Singapore P. Kelang US
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      Page 18 Advertisements Column 1
      644 18 I > K LINK KAWASAKI KISEN KAISHA, LTD. I EXPRESS CONTAINER SERVICES TO NORTH AMERICA etd Fma«sas* n j motkrksseis i* u st w ■Ma ki MR SaM M tat Amrica Mm 12/1 22/1 Nn 17/1 27/1 TMM Mm 14/1 4/7 A feu* 7/4 J/4 Qmm'l Man MMp 27/4 4/7
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      Page 18 Advertisements Column 2
      441 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAMER/REEFER SERVICE lM*« tar 101 ANGELES. SAN FRANCISCO. SEATTLE. TACORRA. IMCOWO I C Amptan Fa/Fa CMMw P Mlt*c SMlwort L Anptn Ml 141 M IS AM 11 AM AUSTRALIA QKS CONTAINER SERVICE iw>tai Fa/ia Cwtatw runt Spori Frwa AM RM 1 (CAM) 11 AM 17
      441 words
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      Page 18 Advertisements Column 3
      679 18 r S Aciroup SINGAPORE SHIPPING AGENCIES PTE. LTD «-OtM KOOH OCIAN BJIIO'NG S'Nf.»PO"l WARMTING 9MI« |J l.NfSt GfNlBA t *****1 ~4 UNISI "S J4S9S CAHCiOSH.P CTW J:? 1 1 oiifahier IJim-s WEEKLY CONTAINER SERVICE to/from BANGKOK VOY S POAC(Wed) TURQUOISE BOUNTY 235/24N h fl/21 May TURQUOISE BOUNTY 245/25N 4/ 5
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      Page 18 Advertisements Column 4
      596 18 Bqranard line INDEPENDENT A TTRACTIVE RA TES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CARGO ~FCL ONLY FOR; PORT SAID. ALEXANDRIA. BEIRUT. LATTAKIA, UMASSOL ISTANBUL A PIRAEUS Specially engaged agents A stevedores providing immediate discharge UNON NEW YORK V. 31*. Fan* STM V.JJW MM MB V.4M •Cjfcf Pert SaU. Lattakia I
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      Page 18 Advertisements Column 5
      676 18 INTRASEA (PTE) LTD. Faber House 234E Ochard RoaC S nqapore 9 Telephone *****11'*****57 it REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE Spare P. KMag ATLANTIC HAM M 77 to Part Saßad NORASIA N879. 19 km 23 Jw P«**f LaaMag lor ROTTERDAM/BOULOGNE/UK (AVON) BOUOGNE/UK (AVON) MTRASEA (TIE) LTD 2352(11 BOOKMG *****57
      676 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      555 19 NOL NEPTUNE ORIENT UNES LTD TO EUROPE/UK (VIASUEZ)r TW BRDGE N. PEARL C. PAUL MERCATOR K. iACEWOH 28/6 HK CONTAINER 3/7 Containr feedered to/from F'stowe Also accepting cargo to/from Scandinavia FROM EUROPE (VIA SUEZ): MERCATOR C. ROZE K. JACEWON HK CONTAMER. 0. CHEF........:.. S S BRDGE N. CORAL N PEARL
      555 words
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      Page 20 Advertisements Column 1
      158 20 If you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you. If you're a freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has just the space for you. You'll be reaching a very select group of
      158 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      183 20 Regional Weather 1 3 v "N 51 £0 m m yOAI m s 25*7 >v -y<*rj L* m £3 rv K P5 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c V Wiiv Wind direction with speed in knots Wave height R Thunderstorm Temperature °C Shower Weather /V
      183 words