The Business Times, 14 July 1981

Microfilm: NL11184
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, JULY 14,1981 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Dollar falls
      68 1 AP LONDON, Mon. The dollar fell against all major currencies in early trading today, affected by general declines in US interest rates. Gold prices opened higher, but fell back in later trading. Gold opened in London and Zurich at U*****.50 a troy ounce, up from $418.75 at the
      AP  -  68 words
    • Article
      Bangkok Bank raises PLR
      55 1 FOLLOWING the raising of prime lending rates by local banks last week, Bangkok Bank will from today raise its rate from 14 per cent to 14.5 per cent. The bank's savings account rate remains at 10 per cent while all its fixed deposit rates will be
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    • Article
      Lock icon Irish hunger striker dies
      68 1 UPI BELFAST, Mon. Martin Hurson died unexpectedly today, on the 46th day of his hunger strike and 20,000 Protestants began marching in Orange Day parades to commemorate their ancestors' victory over the Roman Catholics. Gunmen in a speeding car opened fire on an army patrol in
      UPI  -  68 words
    • Article
      Lock icon Indonesia's coal output
      90 1 AFP JAKARTA, Mon. Indonesia plans to more than triple coal production at the Ombilin mines in Sawahlunto, West Sumatra, in four years with its own technicians dispensing with foreign technical aid. The Ombilin unit has the ability to raise production from an annual 200,000 to a planned
      AFP  -  90 words
  • Article
    Increase in number of planning and building approvals
    295 1 CONSTRUCTION activities will continue to be buoyant, judging by the larger number of planning and building approvals granted by the Ministry of National Development during the first quarter this year. From January to March, 238 developments valued at $1,169 million were given
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  • Article
    Steep rise in bank loans
    488 1  -  BUYING OF NEW SHARES By LILLIAN CHEW BANK credit took a big jump in May. Total loans and advances increased at an annual rate of 34.5 per cent in May to $18.01 billion. It is believed that much of the increase in loans and advances
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  • Article
    Another air fare war is in the offing
    436 1  -  By FLORENCE CHONG THE possibility of a new air fare discount war on the Kangaroo route has been raised, following an official complaint by Singapore Airlines to Qantas. SIA has been deeply concerned that other airlines excluding Qantas and British Airways but
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  • Article
    Malaysia expels three Soviet embassy staff
    359 1 MALAYSIA yesterday expelled three Soviet embassy officials for spying and arrested a former political secretary of Deputy Prime Minister Mahathir Mohamad. A statement from the Malaysian Ministry of Home Affairs said the three officials were KGB agents who recruited Dr Mahathir's former secretary Siddiq
    359 words
  • Article
    Datatronics to design mini-computer
    211 1 A LOCAL company has embarked on an ambitious project to develop and design the first totally made-in-Singapore mini-comput-er system. Datatronics Pte Ltd has finalised an agreement with the Singapore Insitute of Standards and Industrial Research to develop jointly a mini-computer system for industrial users. Datatronics will
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  • Article
    Market falls 12 points erasing Friday's gains
    280 1 PRICES epeaed well eaoagh st the Stock Exchange of Stappm yesterday. Bat si the ead if the tnuHag day, the wtde--5' menltered Straits Imrs Industrial Index vu down 12.12 points to 929.44, sear last Friday's pfww#vwy level. This carreettoa was sat unexpected by
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  • Article
    Elizabeth Sam joins MHH as director
    457 1  -  By KEVIN WONG CONTRARY to widespread speculation that she would work overseas, Mrs Elizabeth Sam, former chief manager of the Monetary Authority of Singapore, has become a director of Mercantile House Holdings and will be based in Singapore. In due course, she will be
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      355 1 777 r* o o 0 1 m MB HI m m OVER the next decade, Singapore will be transformed into a computer city. A buttling metropolis centred on and charged by the computer. Just what does that mean? Will we reach the targets that have been set? What obstacles must
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      Page 1 Advertisements Column 2
      44 1 FRATA NEWS NVOC SERVICE TO I:!.} I FCL AND LCL TO DJULFA AND TEHERAN FOR RATES AND BOOKING PLEASE CONTACT MRS. JUDY TEO MR. HO CHUNG TAT FRATA SHIPPING PTE. LTD. Suite 801,8 th Floor, World Trade Centre, Maritime Square, Singapore 0409 Telephone: *****04
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      Page 1 Advertisements Column 3
      206 1 SINGAPORE Ik* FOR PEOPLE WHO MATTER Europe and beyond? Fly via Amsterdam Why Amsterdam? Amsterdam international airport is your unique gateway to Europe and the Americas; with an extensive range of KLM connections covering all the major European centres and no less than 24 destinations in North, Central and South
      206 words
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  • TRADE AND INDUSTRY
    • Article
      Preferential treatment for Asean goods
      192 2 MORE thai Items traded within Asean will qaaltfy far a XI per ceat tariff eat this year. The Items include theac with Impart vaiaea af leas thaa I aa retarded la the Impart statistics far If» af each Aaeaa eaaatry. The Departroeat af Trade uaNMM
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    • Article
      Textile pacts with Austria and US
      544 2  -  By FONG MEW LENG SINGAPORE will start negotiations for new bilateral textile agreements with the US and Austria within the next two weeks. The talks will be held in Geneva where the signatories of the Multi-fibre Arrangement is currently holding a preliminary meeting to
      544 words
    • Article
      Testing, evaluation of training programmes
      354 2 TESTING and evaluation of training programmes are essential in view of the critical manpower shortage faced by the industrial sector. This point was emphasised by Dr Law Song Seng. VTTB director for vocational and industrial training when he opened the Asean-Austra-lian Development Education Project's (ADEP)
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    • Article
      Cargolux increases its weekly flights
      366 2 CARGOLUX has increased its flights out of Singapore from once a week to a twice-weekly service. The second weekly flight received the go-ahead in April this year, but is operating under a one-year licence. This temporary arrangement will probably be made permanent soon. This is
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    • Article
      THE CREDIT UNION WAY
      227 2 THE SINGAPORE Council of Women's Organisation and Credit Union Promotion Services will jointly hold a seminar on "Save and invest the credit union way" on Aug 2. The seminar aims to promote the concept of self-help by encouraging savings and to manage money through group participation.
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    • Article
      FELLOWSHIP FOR NUS GRADUATE SCHOOL
      201 2 THE National UniversityJj* Singapore has set up a fjS* lowship for its gradiuM| school of management. The fellowship was made"! possible by a grant $30,000 from the GeneiSlC Electric Foundation of tfi* United States through tfejg Asia Foundation. This grant will enable «flrf faculty member
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    • Article
      UK company that sells Japanese machines
      519 2  -  By RICHARD SEAH A BRITISH printing company has formed a subsidiary in Singapore to sell and service Japanese-made printing machines here. Tbormid Graphic Machinery Pte Ltd, a fully owned subsidiary of the British Knight Organisation, was officially opened last night. The company, which invested
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    • Article
      Telecoms buys four word processors
      288 2 THE Telecommunication Authority of Singapore has ordered four Multiplus word processors costing about $85,000 from local agent Equatron. The order represents the first secured by the whollyowned subsidiary of Inchcape Berhad since it launched the new word processing system here early this month. The Multiplus
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    • Article
      TRADE TALK
      590 2 A LINK-UP between two freight forwarding companies has resulted in a new service for exporters and importers in the Far East and Europe. International Express of Brentwood (south-east England), has signed an exclusive agency agreement with Hongkong-based Unifast Asia, a member of the Unilever group. The agreement covers
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      244 2 WIIIP I warns you in time 3 3lly/'!NiMI fl» The Sanden Speed Warning Device has been developed with the assistance, advice and final approval of the R.O.V. A- r The Device fits all Japanese, European and American light goods vehicles. Ik in Singapoj RON Sankyo International (S) Pte. Ltd. 405-406,
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      169 3 V i sr*m+. i'tl'J *I*4 > ~5 I 'A-mA.$ ScVCw 1. v* ft .r >: ■Kit DISTRIBUTOR FOR SINGAPORE Tan Chong Sons Motor Co (S) Pte Ltd c ffib SALES CENTRES: X BEDOK BRANCH: 703 Blk 210 New Upper Changi Road S-1646. Tel: *****81. wis. BUKIT TIMAH BRANCH: 921 Bukit
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  • RAW MATERIALS
    • Article
      Lock icon India's wheat purchase arouses criticisms
      603 4 Reuter INDIAN'S, proud of the country's recent agricultural success, are puzzled at their government's sudden decision to shop for wheat in the American market despite a bumper crop. "India's self-sufficiency in foodgrains has been its shining achievement,' the Indian Express said. "The incongruity of our
      Reuter  -  603 words
    • Article
      RUBBER
      221 4 RUBBER prices in Singapore yesterday closed slightly easier with August One RSS buyers quoted at 229.50 cents per kilo, down two cents from last Friday's close, dealers said. Morning prices were marked up slightly on firmer London advices and afterclose steadiness here last Friday. Afternoon prices lost further ground
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    • Article
      RAS PRICES
      443 4 RA8 prices In cenU per kilo yesterday: Noon (per kilo) Buyers Sellers lot. 1 R.S.S. prompt f o b. Z19.50 220.50N 1st. 1 R.S.S. August 233 50 234.00 Int. 1 R.S.S September Ml.OO 341.50 Int. 2 R.S.S ***** 2M.50N UK/Cont 214.50 215.50N Int 3 R.S.S 210.00 2U.08N UK/Cont
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    • Article
      SSR and SMR
      112 4 NOON SSR and SMR p hem ym» an tmr. RAS Auul S«pi» ber (CWTMI MU) Bu ytrB (Forward Mtk) Buyer* Seller* SSR (1-loa van) 307.00 3M.OON 300.00 211.00N SSR SO (1 too pallet) 204 50 206 SON 206 SO 206. SON MRKLB SMRCV ll loa aattat) m.oo
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    • Article
      Straits Tin
      97 4 THE STRAITS tin price In Penang yesterday held steady at M$2).M a Idle siace Friday, bat Is still below the ITA lower range of $21.28 to $31.11, dealers said. The steady sentiment was attributed to eontinned strong baying support from Europe, Japan and locally and evidence of buffer
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    • Article
      CLOSING PRICES
      32 4 Rubber July 13 Singapore: Aug: 229.50 cents (down 2.00 cents Malaysia! Aug: 250.00 cents (down 2.50 cents Tin: M 529.40 per kilo (unchanged) Official offering: 251 tonnes (up 70 tonnes)
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    • Article
      Lock icon Cotton office in HK
      96 4 AFP THE Cotton Export Corporation of Pakistan is opening a regional office in Hongkong to look after business in the Far East The chairman of the corporation, Mr Nusrat Hasan, who has come for the opening, indicated that Pakistan's cotton producers do not intend to follow
      AFP  -  96 words
    • Article
      Produce exchange
      182 4 CHINESE PrWiee Exchange, Singapore, closing prices per 119 kg yesterday. Cmnt «U: Bulk fob 1122.50 sellers, old drum (In second hand drum) fob 1136 50 sellers, new drum fob *****0 sellers. Copra: Mixed (loose) $72 75 buyers. Pepper: Muntok white pepper fob Asta NLW $372 50 sellers. Sarawak
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    • Article
      TEXTILES
      138 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) C«UM yara: China Blue Phoenix 20s 2,370; 32s 2,880, 40s 3,040 (per bale of 400 lbs). Pakistan raw eettoa: LSS 6.00, 4F 5 96 289F 6.06; NT roller ginned 6.00 (per lb). CLOTH
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    • Article
      RICE
      335 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.38, 100 per cent second class 1.16, 100 per cent third class 1.10, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80. Special
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    • Article
      LONDON MARKETS
      827 4 COFFEE: Robusta futures yesterday traded up to £846, basis September, on speculative and chart support before finishing the morning just below their high. Opening levels were firmer in line with New York and the market quickly advanced although volume was moderate. Chart buying was a feature following the
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    • Article
      PALM OIL
      162 4 THE Kuala Lumpur market yesterday closed lower on lack of buying and partially affected by reports of the expulsion of three Soviet diplomats from Malaysia, in quiet trading, dealers said. In July, south was traded to a low of M 51,045 a tonne while central and north fell
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  • Page 4 Advertisements
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      238 4 THE RIGHT LADY AT THE RIGHT TIME AT THE RIGHT PRICE A y i |r>, v V. ri vi 5 MTBH >*r v *> y *r 4 41 r B5» •v t^i 0 tf? ifl f V/ BP M •ya ft *1 "*7 »A •r CITROEN CX ATHENA. The most
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      291 5 Time is money l J AndtheGhaseis on 23 hours. That's the time it took Chase, from request to delivery, to commit 100 million US dollars to help a multinational oil company avoid a cash flow problem 2 hours. That's the time it took Chase to arrange multinational dollar financing for
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  • OVERSEAS
    • Article
      Lock icon Battle for Conoco accelerates
      763 6 NYT A Ml'l.Tl-billion-dollar takeover tattle erupted on Sunday as Joseph E Seagram Sons, the big Canadian liquor company, made a lastditch effort to break up an agreement for the purchase of Conoco Inc. the United States' ninth-largest oil company, by EI Dupont de Nemours Co. In
      NYT  -  763 words
    • Article
      GERMANS SAY NO DEAL YET
      106 6 MANNESMANN AG of West Germany denied that a new financial package has been agreed for a US$lO billion pipeline to bring Siberian gas to Western Europe. A spokesman said the company has no plans to provide credit direct to the Soviet Union to build the
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    • Article
      Lock icon Protest over US wheat
      343 6 UPI AN INDIAN opposition party has threatened to organise a campaign to boycott the sale and distribution of imported American wheat. Janata Party, president, Atal Behari Vajapyee, a former foreign minister, said: "We will tell the workers not to unload the wheat, we will tell the
      UPI  -  343 words
    • Article
      Lock icon Banking experts warn of default by poor countries
      305 6 AP A PANEL of top-level banking experts bM waned of the growlag danger that pear countries, plagued by high *11 price®, will atop payments on their tateraattoaal debt». Such a default could shake the world's banking system. The lateraattoaal Monctary Faad (IMF)
      AP  -  305 words
    • Article
      Lock icon Sharp fall in Opec prices unlikely
      706 6 Reuter WHILE a crude oil surplus is trimming some top rates, the odds are against any wholesale crash of Opec prices. Mr Jack Bennett, a senior vice-president of Exxon Corporation, said: "It does seem that the rate of real increase in crude oil prices
      Reuter  -  706 words
    • Article
      West asked to beef up military forces
      343 6 FRENCH President Fran- I cols Mitterrand and West < German Chancellor Helmut < Schmidt ended their first round of talks with agree- 1 ment that the West must strengthen its military < forces before holding arms < talks with Moscow. Speaking after FrancoGerman
      343 words
    • Article
      EEC more aware of Asean's role now
      180 6 THE EUROPEAN Economic Community (EEC) is becoming more aware of Asean as a regional power. The visiting West German Senior Minister of State for Foreign Affairs, Dr H Hamm-Bruecher, said the dialogue between Asean and the EEC has proved to be valuable and
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    • Article
      Growing signs that more will lose jobs in US
      330 6 THERE are growing signs that unemployment in America will soon start to rise, warns Financial Digest. issued in New York yesterday by Manufacturers Hanover Trust Company (MHT). MHT, which is America's fourth largest bank, blames high interest rates. "Sluggish industrial production,
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    • WORLD IN BRIEF
      • Article
        Lock icon TENDERS IN NEPAL
        458 6 Agencies CHINA will compete for the first time for international construction tenders in Nepal. Quoting informed sources. Nepal's weekly National Star newspaper on Sunday said China will be the first Communist nation to bid for the Nepal tenders, previously dominated by South Korean, Filipino and West European
        Agencies  -  458 words
    • Article
      Lock icon International conference on Kampuchea opens at UN
      314 9 Reuter AN INTERNATIONAL conference, aimed at removing the Vietnamese-install-ed regime in Kampuchea, opened at the United Nations yesterday. Asean, which initiated the session, hopes it will start a process for the early withdrawal of Vietnam's troops and the holding of UN-supervised elections in
      Reuter  -  314 words
    • Article
      Lock icon 'Shooting a mosquito with a big cannon'
      167 9 AFP SOME parliament members have lashed out at the Indonesian government for what they term the practice of "shooting a fly with a cannon" in its anti-graft campaign. Referring to last week's announcement by the anticoriuption agency "Opstib" of the recovery of 2000
      AFP  -  167 words
    • Article
      Lock icon High interest rates may bring recession in US
      626 9 Reuter CONTINUING high interest rates are pushing the US economy into recession. Wall Street economists say. However, few of them believe that any recession, defined as two consecutive quarters in which the economy shrinks, is likely to be deep. Earlier in the
      Reuter  -  626 words
    • Article
      Lock icon POLES' TRANSPORT STRIKE
      213 9 UPI POLISH transport workers went on strike in the central city of Kutno yesterday, a day before an extraordinary Communist Party congress which will chart the country's future. Kutno commuter buses were halted from 6am to Bam and other city transport stopped from 10am until noon in
      UPI  -  213 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      772 9 ARRIVALS Service Local Operator Number Time From PAA PA005 0010 NYC/SFO/HKG MAS MHG01 0630 KUL MAS MH680 0645 KCH SIA SQ101 0815 KUL MAS MH811 0815 PEN JKAS MH603 0830 KUL RBA BI427 0930 BWN MAS MH671 1000 PEN/KUL SIA SQ201 1000 HLP CAL CB14 1005 HLP
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    • Article
      Lock icon Hongkong to buy stake in MTR
      122 9 Reuter THE HONGKONG gaverameat nld It agreed to bay far eaah HKS2.S Mlltoa •< eqaity la the Mam Transit Railway (MTB) Carp to kelp It alleviate Its latere* payment*. TOa will raise MTR'a Issued capital te 14.« Mlltoa. la Fehraary 1181, Its aathartoed capital
      Reuter  -  122 words
    • Article
      Lock icon Sharp fall in Milan share prices
      155 9 Reuter SHARE prices fell sharply whea the Mllaa stack exchange re# yesterday •Iter heiag clsaed far faar days last ««eh hecaaae sf a price eaUapae. Flat shares laat 1.4 per eeat, Pirelli U per eeat aad M—tedlssa I.S per eeat, while shares at a
      Reuter  -  155 words
    • Article
      Lock icon Rioting spreads to Scotland
      716 9 UPI Reuter BRITAIN'S unrelenting summer riots spread to Scotland yesterday when a mob of teenagers staged three bomb attacks in Dundee. More than 1,000 people were arrested over the weekend in continued country-wide violence in which white, black and Asian teenagers looted property, set fires and
      UPI; Reuter  -  716 words
    • Article
      Lock icon Another IMF credit facility for Thailand
      255 9 Reuter THE International Monetary Fund (IMF) has made available to Thailand 186 million in Special Drawing Rights (about USS2IO million) to meet its immediate balance of trade difficulties resulting from low export and high import prices. Thailand's international trade, based mainly on exports of
      Reuter  -  255 words
    • Article
      Lock icon Resolution to end Iran's ruling regime
      104 9 UPI IRAN'S fugitive president Abolhassan Bani-Sadr and the late Shah's son said in separate tape recorded messages released on Sunday that they will fight to end the present regime in Iran. The independent Turkish newspaper Hurriyet, published in Istanbul, said Mr Bani-Sadr hiding somewhere
      UPI  -  104 words
  • Page 6 Advertisements
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      99 6 Every trip to North America deserves a wonderful Copenhagen When you are flying nearly half way around the world, you deserve a break en route in Europe's most delightful city. Relax with the Danes in their cozy, candlelit restaurants. Join them on Europe's longest shopping street. Sightsee medieval castles and
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      3 6 Leader ...page 8
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      196 6 There are many exhibitions but only some are ©|fijj INTERFAMA EXHIBITIONS organised for business VENUE Hyatt Hotel Singapore World Trade Centre Singapore World Trade Centre Singapore World Trade Centre Singapore Hyatt Hotel Singapore TRADE EVENT DATE AFEEC '81 2nd Biennial ASEAN Federation of Electrical Engineering Contractors Convention and Exhibition. AsiAftiMT
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      289 7 if 1 m i iffg >li 13 'ill i SK;£ r-•jy-nr;—^ ft 1 *j 11 ..i A l iik£l -fit tir ■JT7% +4. MR tttl in •v a& n i >T7^ k'T J \i^m t u4( tmw Mi. n tin mum > »i, %JT2 1 131 I *•< 71?/ If
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  • Article
    Banking scene worsening
    374 8 MUCH OF international banking revolves around the recycling of petrodollars. Banks are the intermediaries, accepting deposits from the lenders and then re-lending them to those who need the money. A simple, straightforward process, or so it should be. The reality, however, is not quite so simple. The
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  • Article
    Self-help must come first
    289 8 THERE IS no room for complacency in the competitive arena of business. There is hardly any valid excuse for an industry showing poor performance to continue to drag its feet when other more efficient sectors are jumping to their feet in response to the loud and
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  • Article
    Lock icon HSBC cannot bank on it
    1564 8  -  ROYAL BANK OF SCOTLAND TAKEOVER BATTLE By WILLIAM HALL FT MICHAEL SANDBERG, the 54-year-old ex-Cavalry officer in charge of the Hongkong and Shanghai Bank, first heard the news of Standard Chartered's bid for the Royal Bank of Scotland while he was in New York. His
    FT  -  1,564 words
  • Article
    Architecturally successful
    312 8  -  Letters to the Editor CHEOG YEN AIK Dear Sir, I refer to the letter "URA Tenders" (Business Times, June 13, 1981) by Mr Soh Hiap Chin, in which it was remarked that the URA tender is "architecturally and educationally a disaster". The Authority disagreed that the URA tender
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  • Article
    REMEDIAL ACTION TAKEN
    130 8  -  GOH HOON CHENG Dear Sir Please refer to the letter 'Rough New Roads' by Pro Bone Publco (Business Times, June 27, 1981). Your writer may be pleased to know that site investigation by the Ministry's Public Works Department has revealed that for the approach road to Van
    130 words
  • Article
    Lock icon Arabs' bitter comments about the US
    844 8  -  FORUM with ANTHONY LEWIS NYT KING HUSSEIN has been on the throne of Jordan since 1962. At the start of an interview I asked who were the greatest world figures he had known during that extraordinary period of power. His first choice said a
    NYT  -  844 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      676 8 TWO-11-OHE CROSSWORD CRYPTIC PUZZLE ACROBB 3 Troublesome result of taking the wrong trail (5) 8 Number 100 is unavailable or impracticable (3,2) 10 Winger's name (3) 11 Like the American world (3) 12 John's no outsider (5) 13 Suffer for breaking ground out East (7) 15 To start, Joe gets
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    • Miscellaneous
      Page 8 Miscellaneous Column 2
      13 8 pfc£Su™*e>L.y ghcoong oP to sec. if his dad GOT TO voo«x POO. Right
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    • Miscellaneous
      Page 8 Miscellaneous Column 3
      479 8 ifemmwBil r* JP i n I w SINGAPORE 5 SINGAPORE 8 6.05 PM Opening folowed by The Munch Bunch 6.20 Ethirum Puthirum (Tamil) 6.45 News and Weather Forecast (Tamil) 7.05 The Pied Piper of HamSn 7.20 So The Story Goes 7.45 The Pathfinder Operation Pickpocket 8.35 Land Of The Loon
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      146 9 FURNITURE Willi Touch of Class LUXURY INTERIORS PTE. LTD. 321, Plaza Singapura *r> Hero** *eMxsiHTATm fern south east asm STtHUS.EAJPTE LTD Unit 1003, 10th Floor, Tan Boon Liat Building, Outram Road, Singapore 0316. Tel: *****47 (3 Lines) Cable: STIHLSEA Telex: RS ***** ANTWERP HONG KONG LOS ANGELES nnrcmr\/ JOHANNESBURG PRESIDEX
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      Page 9 Advertisements Column 2
      282 9 NEW ISSUE These securities having been sold, this announcement appears as a matter of record only. U.S. $30,000,000 The Korea Development Bank (Incorporated in the Republic of Korea under The Korea Development Bank Act of 1953) Floating Rate Notes Due 1989 Manufacturers Hanover Limited Credit Suisse First Boston Limited Banque
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Coke losing popularity
      760 10 LOWER EARNINGS ESTIMATES NYT "HAVE a coke and a smile." So runs a current advertising theme for the Coca-Cola Co. the world's largest soft drink company and a recurring investment favourite on Wall Street. But some brokerage houses are restraining their enthusiasm this hot summer as far
      NYT  -  760 words
    • Article
      MIM TO RAISE STAKE IN ASARCO
      144 10 THE AUSTRALIAN government has approved MIM Holdings Ltd's plan to raise Its stake in Asareo lno, Its US parent, U IS per eent from t per rent, Treasurer John Howard said. As a result of this move and Asarro's plan to rnt Its stake
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    • Article
      Lock icon Dividend from CBC
      211 10 Reuter THE COMMERCIAL Banking Co of Sydney Ltd (CBC) will pay shareholders a 16.5 cent dividend before its proposed merger with National Bank of Australasia ltd. CBC chairman Robert Chrichton-Brown said the dividend will comprise an 11 cent final payment for 1980 81 to end-June and 5.5
      Reuter  -  211 words
    • Article
      Lock icon Lower earnings at Kubota
      178 10 Reuter KUBOTA expects consolidated sales in the business year ending next April to rise from last year's U5572.15 million. But it said it is too early to predict net income on a consolidated basis because of the uncertain economic outlook at home and abroad. The company,
      Reuter  -  178 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      275 10 "The American Express Card serves you well, wherever good food is served" uet away ro with family and friends **w. V Cost only HALF AS MUCH if you're residing in Singapore It's easy. Just book our chalet units, and enjoy a 50% discount. Offer applies MONDAY THURSDAY (except public holidays
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      Page 10 Advertisements Column 2
      144 10 lubertug ffirill r J For lunch. For dinner. For a richly rewarding experience. Businessmen .s Lunch Mon(/uy U> I riday <pj ~io service charge rt\si> Javanese Hnstaffel Saturday (Sir Sunday $17 50 10 I. sernce charge 'T cess A Nassim Kill. Singapore 1025 Tel *****77 Operated Dy ANA HOTELS INTERNATIONAL
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      Page 10 Advertisements Column 3
      204 10 Sm Pag* 13 for Asian stocks 9 'v. bW The* easy style. vocal harmony and wide repertoire o» nostalgic oldies and popular hits will soothe you into a very relaxed mood At the Imperial Bar 800 pm to 1 00 am nightly except Sundays Unwmd and relax with a IMPERIAL
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      Page 10 Advertisements Column 4
      89 10 OQGQO Inn Of Happiness m JBB CD Offers you an ever-changing panorama of sea and sky, of the world at your feet. In addition to superb Continental cuisine. 9 As*- QD-// If !tk fOf inf' if I' l! TIEN COURT For Food Lovers SEAFOOD STEAMBOAT CHICKEN RICE NASI LEMAK TONKATSU
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      Page 10 Advertisements Column 5
      250 10 m in y v The Dragon Palace Restaurant where you can dine in regal and dance to the mellow sounds of yesteryear Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome 1 Ox lay Risa/Penang Road. Singapore 0923 Tel *****11 (20 lines)
      250 words
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  • BANKING AND FINANCE
    • Article
      Lock icon American banks encourage second mortgage
      803 11 NYT "BORROW today and pay it back with cheaper dollars" was one of the main slogans used by US banks and other financial institutions to encourage consumers to take out loans by taking second mortgages on their houses. And many consumers apparently were persuaded. Loans
      NYT  -  803 words
    • Article
      Lock icon Lower yields divert demand from bonds
      437 11 NYT SINCE mid-June, when yields for long-term Treasury bonds began climbing from 12.55 per cent to almost 13.5 per cent last week, many market analysts have been saying that a decline in short-term interest rates was the key ingredient needed to revive investor demand
      NYT  -  437 words
    • Article
      BofA to hold foreign exchange workshop
      138 11 BANK of America (BofA) will hold a foreign exchange workshop next month. The highlight will be the identification of foreign exchange exposure and its impact on companies. The workshop scheduled for Aug 3 to 7 at the Hilton Hotel is aimed at helping corporate
      138 words
    • Article
      Lock icon Kuwaiti rates higher
      79 11 AP KUWAIT'S interbank shortterm interest rates rose sharply last week, a development attributed to a rise in Eurodepo6it interest rates. During the week, the Kuwait Commercial Bank said, day-to-day credits were available at 2.5 per cent and the tone of the market was comfortable. But during the
      AP  -  79 words
    • Article
      Income may pass life policy target
      543 11  -  By LEE YOKE MENG SALES of NTUC Income's life policies may exceed the target ted $175 million this year. According to Mr Tan Kin Lian, Income's general manager, sales in the first five months of this year alone totalled 166.8 million, 12 per cent
      543 words
    • Article
      Lock icon BAN ON FOREIGN MONEY
      475 11 AFP THE HANOI municipal authorities have just issued a directive confirming a strict ban on the holding, purchase exchange and circulation of foreign currency in the Vietnamese capital from August 1. The directive, published on Sunday in the new Hanoi daily did not say if the
      AFP  -  475 words
    • MONEY AND EXCHANGE$
      • Article
        PLR
        22 11 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 13.9 per cent.
        22 words
      • Article
        ASIAN $ RATES
        191 11 ASIAN RATES ASIAN currency deposit interbank rates as at close on July 13. U8 Doilan<Saot) Otttr Bid 7 days 19'. 19H 1 month 18H 18V. 2 months 18H 18W 3 months 18H 18 1 4 6 months 17H 17V, 9 months 171/16 16 1&/16 12 months 16 15/16 16 13/16
        191 words
      • Article
        Discount
        44 11 RANGE of prices offered by discount houses on July 13 Overnight: Call deposits: 5* to Clotiaf Baym( Sclliaf 3-month Treasury bills 6W 6H 3-month Bank bills 13H 13 V. 3 months CD 13 12'* 8 months CD 1211/1612 9/16 Source: National Discount Co
        44 words
      • Article
        London
        85 11 THE dollar yesterday firmed from late Far East levels in quiet trading, but remained much weaker than its close on Friday, dealers said. The dollar opened at 2.4135/45 marks after a late 2.4070/85 in Hongkong, but was below Friday's New York closing of 2.4300/25 and close here of 2
        85 words
      • Article
        Singapore market
        476 11 THE US dollar eased slightly against most major currencies except the Singapore dollar in the local money market yesterday. Opening at 2.1490/00 against the local dollar, the US unit dropped slightly to 2.1460/00. However, it picked up gradually during the afternoon because of strong commercial demand to close
        476 words
      • Article
        TOKYO
        137 11 THE dollar for overnight delivery yesterday closed easier at 227.75 yen, against a 228.30 opening here, a 228.30/40 close in New York and 228.10/20 on the West Coast last Friday. Trading was moderate, with volume US$ll7 billion. The dollar ranged from 227.65 and 228.30 yen. Trading was relatively active
        137 words
      • Article
        GOLD
        221 11 SINGAPORE gold futures yesterday closed firmer compared with last Friday's close after fluctuating marginally throughout in thin trading, dealers said. Total sales for the day was recorded at 86 lots while kerb volume at 51 lots with interest spread over the months from August 1981 to April 1982. August
        221 words
      • Article
        Silver quotes
        37 11 New York SUB 890B 9 31S 9. US Zurich 9 00B SOB 9 JOS 8 f&S Mm rn Singapore 9 00B 8 656 920S 88SS Closing prices in US dollars troy ounr Source: Credit, S`pore
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      • Article
        HONGKONG
        113 11 THE US dollar yesterday fell against most major currencies in late trading, on market expectations of future declines in US interest rates, dealers said The dollar eased to 227.50/60 yen from 227.96/ 228.05, while the Hongkong dollar reversed its early firm trend and fell to 5.6530' 60 to the
        113 words
    • Article
      Lock icon West Germans rule out early cut in interest rates
      316 11 Reuter WEST German Economics Minister Otto Lambsdorff and Bundesbank president Karl Otto Poehl have said that an early cut in West German interest rates cannot be expected. Speaking in a television interview during the weekend, Mr Poehl said German interest rates
      Reuter  -  316 words
    • Article
      Royal Bank of Canada to move office
      115 11 THE ROYAL Bank of Canada Asia Pacific is moving to new premises at the PIL Building, Cecil Street. The move, which reflects the bank's growth and development in Singapore since it began its operations here in 1975, will be effected in two shifts.
      115 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      93 11 French recipes that are seldom found outside France? Thats special. v. t 3b I 9 At Le Gourmet in an intimate setting of Art Nouveau luxury, you can choose from a menu that is superior even by Paris standards. Or. for a wonderful choice of food in an informal atmosphere,
      93 words
    • Advertisement
      Page 11 Advertisements Column 2
      151 11 SALES make your Organisation tick... Analyse your sales with I'l'S Yes, CPS, using advanced computing techniques can assist you to analyse your sales •by industry this year against last year gross profit margin by customers and product groups targets for the next period Vdu don't need to get into the
      151 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1972 12 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded abowa to brackets In lots oi 1,101 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Alii*4 Choc (3.328
    1,972 words
  • Article
    Unit trusts
    194 12 SINGAPORE I NTT TBI ST DIAMOND MOT 8TOBI s (MM——' frtem The Com mere* tar M M) 391 4 11 (MaaafaW prteaa tar Ml 14) Diamond S pore Fd USJD The Saving* Fund 2 24 2 35 Wi 1-UZ S pore Proj Fund 173 1(2 SJ210 2.30 S
    194 words
  • Article
    SHARE INFORMATION SERVICE
    2782 12 1*1 High Low Cmiu; Last Sale Gr"s Gr*s Net Dlv Div YTd P/E Vol Day or- Cvr COOO) High Low 8ECTION ONE INDUSTRIAL ft COMMERCIAL 494 390 312 430 aoo 410 MO 975 430 330 Acroa Alcorn 130 Allied Choc 181 BAT 330 Bata 110 Ben 300
    2,782 words
  • Article
    In Kuala Lumpur
    2083 12 BID and otter prices officially listed and businesi in and reported to the Kuala Lumpur Stock Exchange yesterday, (U with the number of shares n traded shown in brackets in J*. lots of 1,000 units, unless other- 4J wise specified T> INDtWnUAIJJ 11 II AIM (3988 4.806)
    2,083 words
  • LATEST RESULT
    • Article
      UNITED Malacca Rubber Estates:
      41 12 Unaudited group net profit MJ2 95 million (53.19 m) for year ended April 30. Parent company net profit $2.90 million ($3.18 m). Final dividend 20 cents gross (same), payable Aug 12, making total of 27 cents (28).
      41 words
  • Article
    Profit-takers dominate
    769 12 rr WAS Say 0t praflttafclag whkh degenerated late 8 itaip wrrtdMM. After a it«My apealag aa the Slack Exektige af toalMlrtaad breaght the Straits Times Industrial ladex kttk to ■early where II begaa last PrMty meralag, eleilig 12.12 patats 4m to KM4. TV <t«f «u «el imtte, hat
    769 words
  • Article
    KL easier after steady start
    594 12 PRICES ended about mixed despite a steady start at the Kuala Lumpur stock market yesterday. Profit-takers were clearly active after the mid-morn-ing break and prices softened despite the good gains made in early trading. However, properties, banking and plantation counters were generally ahead. At the
    594 words
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  • COMPANY NEWS
    • Article
      A lift for Tasek
      539 13 A $22 MILLION syndicated loan will help make Tasek Cement Berhad's 1.2 million tonnes-a-year plant near Ipoh the first of its kind in Malaysia to convert fully from the use of fuel oil to coal as a source of energy. Led by Aseambankers Malaysia Berhad (AMB),
      539 words
    • Article
      ST PIRAN
      183 13 UK-BASED tin mining and property company St Piran is facing defeat in its attempt to stifle a winding-up petition brought against it by a minority shareholder. The company asked the London High Court to strike out the petition by Runic Nominees on the ground that it was embarrassing,
      183 words
    • Article
      Tanjong Tin ahead
      104 13 NET PROFITS of Tanjong Tin Dredging for 1980 rose to £256,102 from £87,718. Tin production was 36 per cent higher at 4,442 piculs, due mainly to the fact that the company was working a higher proportion of virgin ground. A dividend of 1.5p a share was paid
      104 words
    • Article
      C&C builds up control
      252 13 THE Cycle and Carriage group has secured up to one-third of the directorships of Newman Industries of the UK for as long as it holds more than X per cent of the latter's issued ordinary shares. This follows its injection of £8.1 million of fresh capital
      252 words
    • Article
      How UMW does its sum
      223 13 UNITED Motor Works (Malaysia) has told the KLSE that the $45 million consideration for the acquisition of Syarikat Fiat Distributors was based on the management accounts of April 30 It also said each UMW share was valued at $7.50 on the basis of the market
      223 words
    • In Hongkong...
      • Article
        MIRAMAR Hotel and Investment
        43 13 made a group net profit of HK555.15 million ($45.37 million) for the year ended March 31,1981. A final dividend of 65 cents (55) has been announced, making a total $115 ($1.00). Books will close from Aug 6 to 20.
        43 words
    • Article
      Intraco pre-tax profit estimated at $10.5m
      1139 13 Market Talk... LONDON broking firm Lurrmee, Prut protects pretax earnings of about $10.5 million and net earnings of about $6.3 million for Intraco in the current year. In its June issue of Investment Digest, the broking firm said it also expects a sharp improvement
      1,139 words
    • COMPANY BRIEFS
      • Article
        THE BUILDING that Central Sugars
        170 13 is buying over from Battel! Investment of Hongkong for a consideration of HKJ27O million is about five years old. In reply to earlier queries from the KLSE, Central Sugars also said the consideration was negotiated on the basis of market value of property in that
        170 words
      • Article
        DEVELOPMENT Bank of Singapore
        82 13 has announced a change in the issue date of Murata Manufacturing's sinking fund unsecured convertible debentures. The date of isme has been amended to August 8 instead of July 27. Murata's US dollar convertible bond issue totalling US$4O million may be converted at the price of
        82 words
      • Article
        HONG Leong Finance
        21 13 has announced that Its issued share capital controlled by foreigners as at June 30 is 1.1 per cent
        21 words
  • ASIAN STOCKS
    • Article
      STOCKS MIXED
      330 13 HONGKONG STOCKS yesterday closed mixed in relatively quiet trading with no obvious trend, although secondary issues probably performed better than leaders, dealers said. The Hang Seng index was about 15 points higher than Friday around mid-morning but fell back to about nine up after profit-taking at the morning
      330 words
    • Article
      Manila
      105 13 THE market was quiet yesterday and turnover declined to 1.2 million peso 6 from 1.6 million last Friday. JULY 13 Pesos Acoje kilning .0062 unch Alia* Con A AUu Oon B. at -1 Bagulo Qold .0034 -0.0001 Bencuct Con B BF Goodrich X 10 unch unch CDCP 3.10 unch
      105 words
    • Article
      Bangkok
      76 13 STOCK prices yesterday closed generally steady and turnover remained low in slow trading, dealers said. JULY 13 Bants Asia Fibre 131 -5 Ayuthaya in* And Trait MW 1 Btotkok Bank Bvii Of Afudhara Ml unch Lid ISO unch Berll Juckcr Cttrooni Thai First Trust Industrial Finance Corp 100 unch
      76 words
    • Article
      Sydney
      301 13 SCATTERED bargain buying, particularly among oils, allowed the market to continue a sluggish recovery yesterday, dealers said. The All-Ordinaries index finished the day 3.8 points up at 667.4, but brokers said high interest rates and the prospect of a tough Federal budget in August clouded the prospects of a
      301 words
    • Article
      Tokyo
      481 13 THE market average yesterday closed at 7,923.86 in moderate trading on volume 430 million shares led by hightechnology issues and cars. However, big capitals fell on profit-taking as investors became worried about high prices, dealers said. The Tokyo Stock Exchange index added 0.25 to 595.10. Machine tools, optical fibres,
      481 words
    • Article
      Selected indices
      30 13 H.K.HANG 8ENC Monday 1781.07 Friday 1777.13 Week Ago closed AUSTRALIAN INDUSTRIALS Monday 730.8 Friday 730.0 Week Ago 750 6 ALL ORDINARIES Monday 867.4 Friday 883.5 Week Ago 888J
      30 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      128 13 GEO. LUCAS TRACTOR EQUIPMENT, INC. REMANUFACTURERS OF CATERPILLAR CONSTRUCTION MACHINERY extend a cordial invitation for you to visit us at our USA trade exhibition at the Regent Hotel, Kuala Lumpur. We offer a 30-day delivery to Malaysia or Singapore of the following reconditioned Caterpillar construction machinery: e Crawler tractors e
      128 words
    • Advertisement
      Page 13 Advertisements Column 2
      286 13 U Somebody called us busybodies the other day. and he isn't wrong. Our interest are so wide-ranging they'll fill pages. They %|£S# range from ships to fertilisers, cars to chocolates, tractors to computer systems In short, our interests are multinational and multifaceted. With a history and tradition of entrepreneurship behind
      286 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      153 14 Rises Indices M C«BMt 1200 C PnMrtlM 070 KookBoaf 880 GIMMIjt 350 U 0 L 510 Sin* Darby 482 Falls Hoag Leon* lad 2300 PMC 1900 M U I 1830 H Leoag Fia 1230 Pefi Maia 770 K L laduatriea 696 Town A City 500 Macau" Corpa 785 Paraaiouat
      153 words
    • Article, Illustration
      KUALA LUMPUR
      162 14 Rises Indices Renoog U M Flour Sel Prop Pae Dev CkC Bin tang Kg Hold B Lin tang Malakofl T Textile UOO 690 1270 1240 520 450 590 620 796 100 70 50 40 +22 30 20 20 30 BT Index Industrials: Finance: Hotels: Properties: Tins: (rubbers: July
      162 words
  • Article
    UIC sells stake in UIC-Marchon
    592 14  -  ■Hill Companies Editor: Mano Sabnani By WONG SOUK YEE IN A surprise move, United Industrial Corporation (UIC) has sold its entire investment of 1.76 million shares of $1 each in UICMarchon for a consideration of only $440,000. The company has also announced the appointment of
    592 words
  • Article
    LONDON STOCKS
    816 14 LONDON, Mon. Share prices closed narrowly higher after a quiet session today. At 3pm, the Financial Times index was up 2.3 points at 526.9. Profit-taking pared gains in government bonds to about point and equities were narrowly higher awaiting news of the rights acceptance of Brtish Petroleum whose
    816 words
  • Article
    Alexandra Holdings gives 1-for-1 bonus
    238 14 SHAREHOLDERS of Alexandra Holdings are to receive a one-far-or* bonus issue as the investment company had enjoyed good earnings growth for the year ended March 1981. A bonus issue of 10 million ordinary shares of 50 cents each will be issued to shareholders on the
    238 words
  • Article
    Chevelina fails in bid
    148 14 CHEVELINA Pte Ltd has failed in its takeover bid for SPP Ltd, a paper products manufacturer. But the failure, which leaves Chevelina with a 18.9 per cent stake in the company, making it the largest single shareholder, could result in a fierce tussle with existing SPP
    148 words
  • Article
    P Carbide acquisitions
    175 14 THE FOREIGN laveaftmeat Mi the CtpHai have apprava* Perak blfte'a aeaalrtttea al five campaaftea tkmgk rttn exrheagia tart have revM the temtftMr. Uafter the mM term, Perak CarhMe «111 lane 1.4S nrtlllta lew Mil riura laateaft rt LM mllllaa at $IJC ft ahare te acjalre KYW EaterChAfe
    175 words
  • Article
    SINGAPORE BUS RIGHTS
    82 14 SINGAPORE Bus Service has received good response to its rights issue. At the close of applications on July 3, the company received acceptances for 30,334,001 new shares or 97.9 per cent of the new shares to be issued. Excess share applications far outnumber the balance of new
    82 words
  • TAKING STOCK...
    • Article
      Lock icon Taxing proposition
      842 14 by HOCK LOCK SIEW SO OUR corporate friends across the Causeway, who have been merrily buying and selling properties in exchange for shares, may soon have a capital gains tax to reckon with. The prospect has added misery to the market, already aching under the bearish pressure. Since
      by HOCK LOCK SIEW  -  842 words
    • Article
      Lock icon DOW JONES ADVANCES
      88 14 AP NEW YORK Mod. Stock prices advanced this moraine, buoyed in part by last Friday s favourable US money supply report. The Dow Jones average of 30 Industrial stocks, which lost 3.52 points in Ave sessions last week, slipped 0.8 points to 965.38 in the first naif-hour.
      AP  -  88 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      185 14 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 14th July, 1982 of: THE SUMITOMO BANK, LIMITED Ground Boor, DBS Building 6 Shanton Way, Singapore 0106 We hereby certify that the rate of interest payable on the above-mentioned Certificates of Deposit for the Interest Period
      185 words
    • Advertisement
      Page 14 Advertisements Column 2
      545 14 Seminar: Learning from The Japanese Experience Venue. Shangri-La Hotel Date: 27th 28th July 1981 Q&y STORE 2nd Floor, Plaza Singapura, Td:*****M Ist Floor. Thomson Plau. M *****22 Eatrwinf Singapore Chang) Airport, Td: *****14 There is a method in the Miracle of Japan. It's a man-made Miracle in Economic Success that
      545 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      60 14 Outlook for Singapore from 6am to lpm today: Thundery showers in several areas. Report tt 24 Imn prter to 7JI pm m July IS at the airpirt. Maximum temperature 31.9 Associated humidity 57 Minimum temperature 21.7 Associated humidity 97 Hours of sunshine 6.25 Rainfall in millimetres Trace Total rainfall for
      60 words
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  • SHIPPING TIMES
    • Article
      Sri Lanka to register foreign vessels
      290 15 THE Sri Lanka government has accepted a proposal of the Minister of Trade and Shipping Mr Lalith Athulathmudali to register all types of foreign vessels under Sri Lanka registry as well as to provide terms and conditions for registration of vessels in Sri Lanka
      290 words
    • Article
      Drop in shipments affecting M'sian shipowners
      597 15  -  By VONG NYAM MING A DROP in coastal cargo shipments to Sabah and Sarawak, accelerating over the past month, is adversely affecting the viability of Malaysian-based ship operations. Cargo bookings on this route have been declining to the extent that coastal ships have to
      597 words
    • PORTSIDES
      • Article
        Lock icon Collision off Korea
        72 15 Reuter A LIBERIAN-REGISTERED freighter and a South Korean vessel collided in dense fog off the South Korean island of Sorido yesterday, owners of the Korean ship said. There were no casualties and neither ship, the 20,711-tonne freighter Ogdden Congo and the 11,500-tonne Korean cargo vessel Chongsuk, were
        Reuter  -  72 words
      • Article
        Lock icon Surcharge withdrawn...
        35 15 Reuter THE Hongkong/Europe Freight Conference announced that the five per cent congestion surcharge on cargo for the port of Limassol has been withdrawn last week because of improved conditions in the port. Reuter
        Reuter  -  35 words
      • Article
        Lock icon ...to be introduced...
        34 15 Reuter THE Hongkong/Gulf of Aden and Red Sea Ports Conference announced the introduction of 10 per cent congestion surcharge in the ports of Aden, Hodeidah and Port Sudan, effective July 24.
        Reuter  -  34 words
      • Article
        Lock icon ...and raised
        73 15 Reuter THE India-Pakistan Bangladesh-Middle East Shipping Conference raised the congestion surcharge on goods for Bombay port from 15 per cent to 25 per cent last week, the Press Trust of India (PTI) said. The conference said berthing at the port has worsened. A few days earlier, a shipping
        Reuter  -  73 words
      • Article
        New P&I club
        110 15 A NEW protection and indemnity (P&I) club, The Pan American Club has been established. It is the first club to provide a P&I service for shipowners and operators in the Americas. The Pan American Club, registered in Bermuda, is part of the Pacindat Mutual Protection and Indemnity
        110 words
    • Article
      INDEX TO ADVERTISERS
      705 15 Shipping Liae Page Cal Skipping Liae CM Achipeiego vn 4 El ma m 4/5 Afea VI 3 Everett Orient IV 4 Afro-Eurasia VI t Evergreen IV 3 All trans vn 4 Fesco vn Alpae VI 5 Flotta Lauro v 5 Angkutan VI 4 Fountain IV 2 Angooavr
      705 words
    • Article
      SHIPS IN PORT
      298 16 arrivals keppel wharves Bunga Bindang (1600) 45A Cynthia (1900 after Texas Yellow Rose) 19 Dai Yun Shan (1500 after Luna Marina Cherry Molek) 27 28 Equator (after Rajah Brooke) 21 East Kota Bintang (0700) 10 11 Kim Soon Li (0700) 22 Manoloeverett (0600 tide) 18 Oakwood (2300
      298 words
    • Article
      Container Schedules
      1022 16 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Lines Operatn Arrival Date Time Neptune Zircon 44S/45N 14.7.81 0400 Neptune TA 4 vc Oriental Express 12W 14.7.81 1100 Jardine TA 4 vc Pegasus Pride 180N
      1,022 words
    • Article
      LONDON FREIGHTS
      1412 16 MODERATE chartering developed for grain on Friday out of North America, but other sectors of the freight market were very subdued, brokers said. Rates for grain from the US Gulf to the Far East ruled fairly steady, with an unchanged US$25 being paid for Japan and $37 for
      1,412 words
    • Article
      Lock icon IMB warns shippers of drug smuggling
      484 17 Lloyd's List ANYONE involved in shipping could become the innocent victim of the illicit drug trade, the International Maritime Bureau (1MB) has warned. In a report just produced on patterns in international drug trafficking, the bureau, which is the ESsexbased marine fraud prevention arm
      Lloyd's List  -  484 words
    • Article
      Lock icon World oil tankers lay-up continues to rise
      281 17 Reuter WORLD oil tankers in layup for lack of employment continued to rise in May and reached 15.55 million dwt (125 vessels) compared with 14.9 million dwt (112) in April, the General Council of British Shipping (GCBS) nker tonnage and remains at the
      Reuter  -  281 words
    • Article, Illustration
      Lock icon Expansion plans for Japanese fleet
      787 17 Reuter JAPAN plans to expand its already large merchant fleet as part of an overall national security strategy to halt its increasing dependence on foreign ships The plan, announced recently by the Japanese Transport Ministry, also envisages a radical change in the fleet's composition with
      Reuter  -  787 words
    • Article
      BONN ATTEMPTS TO HALT FLAG EXODUS
      230 17 THE West German Association of Captains and Ship Officers (VDKS) has come up with a new idea in an attempt to end the exodus from the German flag to flags of convenience. Captain Gerhard Goldberg president of the group suggested that Germany itself become
      230 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1151 22 SCHEDULE 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 Singapore. Advance dates are published at a maximum of three weeks. PN
      1,151 words
    • Article
      The Consortia
      167 22 THE major shipping consortia operating between the Far East/Europe, Far East Persian Gulf, Straits ports/ Australia, Straits/Japan and the member lines: ACE (FAB EAST/EUROPE): Franco Belgian Services. 'K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits
      167 words
    • Article
      SHIPPING EVENTS
      127 22 INTERNATIONAL exklhlUm fnr weMiag equipment July 14-23, Leningrad, Russia. Galbraith Wrightsaa lit* cmtm la shipping July 18-August 7, Plymouth, Hampstead and London. Offahare Marine TeehMltgy exhibition aad cmfereace August 19-21, Gothenburg, Sweden. Hydrodynamics la aeeaa eaglaeeriag August 2428, Norwegian Hydrodynamic Laboratories, Trondheim, Norway. 4th International Shipping Coafereace September
      127 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      262 15 PIL GROUP REGULAR CONTAINER FEEDER SERVICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN GULF AND RED SEA PORTS. SoePage V CONTAINER Schedules SHIPS In Port SHIPPING Schedules REGIONAL Weather SHIPPING Events 1A R1) 1M AMAH Orient Overseas Co*titu*teA Line FULLY CONTMOUSED SERVICE TO EUROPE (VIA
      262 words
    • Advertisement
      Page 15 Advertisements Column 2
      297 15 OSEALORDU m UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES Loadmc for inrr •nrTr? FULLY CONTAINERISED SERVICE^ Loading for Dubai (22/7), Kuwait (24/7). Dammam I (28/7) Abu Dhabi (30/7). Doha (1/8), Bahrain (3/8) Dubai (5/8). Kuwait (7/8). Dammam J (11/8). Abu Dhabi (13/8). Doha (15/8). Bahrain (19/8) Dubai (15/8),
      297 words
    • Advertisement
      Page 15 Advertisements Column 3
      573 15 I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****3 MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: VS. PACIFIC, GULF, ATLANTIC, EAST CANADA. ASIAN PORTS FOfCO MAERSK IMfttO FOMDO f# 16/1 IS/I 23/1 25/1 H
      573 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      879 16 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE To Europe Spore 1) MseiHes 2) Rdam 3) Hburg 4) Gburg Feeder *P Kelang Vessel Spore 1) MB I) nam S) Mtwrg <)
      879 words
    • Advertisement
      Page 16 Advertisements Column 2
      269 16 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA 22/1 *5/1 in •21/1 11/1 n/ii 24/1 l/l 5/1 U/l »/l l/l* nn 22/7 21/7 Jl/7 1/S 3/f 11/1 U/l 17/1 l!/» 25/1 21/1 KXTMMtIS -BARBER TAIF" M, U "BARBER MENELAUS" M» 21 ••BARBER TOBA" M 2. "BARBER TSU" M 5
      269 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      710 17 OCL Overseas Containers Limited CONTAINERSHIP SERVICE TO UK/CONTINENT FnimmiT Exms INKS BAT ITWf (dam S'tw Chifw Bran t'nt) La Haw« UA 05/0 (09/1) 03/1 (12/0) 01/0 07/0 09/0 10/0 12/0 05/0 13/0 IS/0 10/0 10/0 11/0 19/0 21/0 22/0 24/0 17/0 l(/0 19/0 20/0 22/0 23/0 25/0 29/7 20/0 30/0
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      Page 17 Advertisements Column 2
      407 17 rfo Franco Belgian Services h'.» yj v* h't, .ch >« t\ Fi, ixnr. tir )**SO* CKMIOPItt KOREAN CHANCE SEKNSEASBRtt mi awMoag soma FWM EUROPE smgapore r.uumc u «<um trwt rnvm idem tn»»t >%«« imi I« Hm pieM* sp«« 17 My II Mr 5 6 Au| 10 Am| 11 Aug 13
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      Page 18 Advertisements Column 1
      807 18 Hapag-Lloyd 10 NORTH EUROPE Aho ao epf transhipment cargo tor CARtBBfAN *rtSI INCHES ma Hamburg TO NORTH EUROPE, MEWTERRAAEA Spore PK IS 8 71 8 Pen Bilbao Genoa H burg B ha»en Rdam Antwerp ?4 8 U/9 12 9 27/9 25/9 22/9 70/9 Connecting Tokyo Connecting m Kaoshiung "Also accepting
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      Page 18 Advertisements Column 2
      548 18 KOREA S ZZ C P. KeUng PENANG STORE VEGA 161W SM Sid 1517 My FROM BUSAN BANGKOK VEGA 162E Sid 1517 My TO BUSAN ALTAR 165W 4- 8 Au| 9-11 Aug 12-15 Aug FROM BUSAI BANGKOK ALTAR 166E 4- 8 Au| 9-11 Aug 12-15 Au( TO BUSAN KSC KSC KSC
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      Page 18 Advertisements Column 3
      602 18 EVERGREEN LINE r FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE 1 ALSO ACCEPTING CARGO FOR: UNITED KINGDOM SOUTHAMPTON. LONDON. MANCHESTER. BIRMINGHAM, BRISTOL. LIVERPOOL. GLASGOW. LEEDS ETC. WEST GERMANY BREMERHAVEN. OSLO, STOCKHOLM. GOTHENBURG. AARHUS. COPENHAGEN HOLLAND mmm Sport MM EtfastoM l<rtt»4w> It H»w« lot* 17/7 27/7 l/l l/l U/l IVI M/l
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      Page 18 Advertisements Column 4
      900 18 Burmi Five Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON HI OK TWA MVOMATNA 5 pari flila| ffSM/l* M 64* 2S-2C/14-tr- N/i m U BFSSC Agmti Maloywi BOUiTE AD SHIPPING TIL NOS KL *****2/*****9 Companta Argentina Da Na»wciaa Iwtarcanlmaatai S. A. C.I. F. My "ARGENTINE NATIONAL LINE" LOADMG FOR
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      Page 18 Advertisements Column 5
      420 18 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. I£2l SANKYO LINE JAPAN/STRAITS SERVICE GENERAL AGENTS OCEAN SMTPMG I ENTERPR6ES PTE LTD SWGAPORE TU *****(4/7 t *****79 K LUMPUR TEl° 414(44 444 751 AGENTS M MALAYSIA P KELANG EAST ASIA SHTfMG TU 31-9732/3 7251 PENANG MALAYSIA TRADE 1 TRANSPORT TEL (7193 I (3725
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      902 19 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO, HODEIOAH, JEDOAH AQABA (Reefer Cntrs Acceptable) S PORE I COLOMBO I HODEIOAH I JEDOAH I AQABA I COLOMBO I S PORE 26-27/7 2-3/8 10-11/8 13-14/8 16-17/8 26-27/8 I 31-1/9 31-1/9 6-7/10 6-7/9 12-13/10 14-15/9 20-21/10 17-18/9 20-21/9 23-24/10 26-27/10 30-1/10 5-6/11 6-7/10 10-11/11
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      Page 19 Advertisements Column 2
      949 19 FTC* BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE HBURG B HAVEN ROAM HAVRE SOTI TO EUROPE S pore P Minj W Otmjn» Austria Antwerp f'Jnce MPu TMtis Eiprru In Fori 15/7 5/1 (1/1) l/l (12/1) 1 »wti Bi» »/7 7/1 9/1 10/1 12/1 5 Atonana Eipreis 22/7 1/1 11/1
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      Page 19 Advertisements Column 3
      618 19 TOT MM SM SM SM SM SM M IV 17/7 ft BTJH SM SM SM SM SM fld 22/7 24/7 I MTIAMM SM SM SM SM SM SM 8/7 21/7 I ONI SM SM SM kM 15/7 M/ 7 VI 7/1 MMKM lt/7 19/7 19/7 M/ 7 22/7 17/7 12/1
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      Page 19 Advertisements Column 4
      597 19 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNION i S. AFRICA A. VESSEL Also accepting FCL containers. Spore: Aug (loading direct for Reunion, Durban and Capetown only) Lines U.S. WEST COAST SERVICE i— o, Ortct trow SFO Ibdi SPO« BLWN S'tk/fe «C LESLE LYKES Sid Sld 18/7 20/7 14/8 18/8 ASHLEY
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      Page 20 Advertisements Column 1
      845 20 1 "j K LINE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA nim *sms* n v motwrsseis w u ny NX Star V 5 14/7 10/7 taniHw 3/1 lt/l Baofci Mara l/l 10/1 ToN* Ibni 5/1 Wt IMB** *4 25/7 27/7 laoan Ate 11/1 21/1 lam Gate Bndje
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      Page 20 Advertisements Column 2
      692 20 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Im*| tar: lOS ANGEIiS SAN FRANCBCO. SEATTLE. TACOMA. VANCOUVER RC Accepta* Fa/Fa Cmtmmn P KfUnf I Anfdn -RUSSET SA« (A* 1 S** AUSTRALIA EXPRESS CONTAINER SERVICE Fa/Fa Contamn NEW ZEALAND SERVICE im*« tr aoKsn irmnoi Houston, mound •cup** ra/fa cmx ONNARD Pen** P
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      Page 20 Advertisements Column 3
      590 20 r •r 3 SINGAPORE SHIPPING AGENCIES PTE LTD 20 TM FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LINESI GENERAL *****1 114 L INE S» TERMINAL OFFICE *****83 TELE* RS ***** RS ***** A B CARSHIP CABLE CARGOjHIP IP !:!Sht IJaesi WEEKLY CONTAINER SERVICE to/from BANGKOK I W, SINGAPORE ISLANDS
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      Page 20 Advertisements Column 4
      597 20 KORINS MARITIME SERVICES K Room 601. ICB Building. Shenton Way. Singapore Tel *****22 222F367 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES S PORE P. KELANG LOADING FOR BUNGA VANDA... 20 Jul Jeddah/P.Sudan A VESSEL 20U Iran Ports A VESSEL 30 M Abu Dhabi/Muscat/Bahrain Shipping Co. Ltd. ASIA MERCHANT MARINE
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      Page 20 Advertisements Column 5
      681 20 INTRASiA (PTE) t-TD Faber House 234E Orchard Road Singapo Telephone *****11 "*****57 BREAKBULK SERVICE TO EUROPE/UK FULL CONTAINER WEST BOUND SERVICE Singapore Loadhr far: DART AMERICANA *8110 hi Port leddah/MseieVHardwt/ Rotterdam'Tiwry A. FDELITY WBIII 21JU Jeddah/Lrvorno/M'seies/ Hamburt/Rotterdam/Tlwry FULL CONTAINER EAST BOUND SERVICE FULL CONTAINER HK/KEE/YOKO SERVICE Singapore A ENDEAVOUR 19
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      534 21 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A member ot the ACE Consortium TO EUROPE/UK (VIA SUEZ): N. GARNET 6W+. C. PAUL 27W K. CHANCE 4H...... S.S BRIDGE 32W.. K. iACEWON UNTill BRIDGE 7W MERCATOR 24W Also accepting cargo to/from Scandinavia N Garnet S pore Closing Times: FCL Cargo 0200 16/7 LCI
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      Page 21 Advertisements Column 2
      621 21 MALDIVE LINES ETA ETA KUANTAN PORT KELANG MALWVE MPORTER 20/7 Loading For Male MALDIVE NATION 20/7 Loading for Dubai/Abu Dhabi' Doha/Bahrain MALDIVE NEIGHBOUR 30/7 Loading for Dammam MALDIVE NOVEL 30/7 Loading For Jeddah MALDIVE MAGE 2/8 Loading For Jeddah MALDIVE PEACE 3/8 loading For Dubai Dammam Kuwait MALDIVE EXPRESS 22/7
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      Page 21 Advertisements Column 3
      736 21 ODESSA OCEAN LINE 4. BALT-ORIENT LINE FULL CONTAINERSHIP SERVICES LOADING FOR CONTMNTAL/UK PORTS Spore Rng Jeddah Hamburj (Bremen) MV KH REPM 14CW July 15 July 16 July 22 Aug 05 MV KH ROMAS 15CW July 19 July 21 Aug 03 Au( 15 MV N. OBUKHOVA 16CW July 28 July 30
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      Page 21 Advertisements Column 4
      46 21 Ty 3/VJWJIV/ll 1_] BULK TIMBER PLYWOOD SERVICES AUTHORITY shipping and trading p t e ltd NAGATUAH AGENSI SDN BHD JOO SHIPPING SDN. B EXPRESS TO BINTULU sua LONE MTU (Ml MM) *n I h Nrt SW LOME MTU (Ml lMt) »#t 2J Ml i tar ATI
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      403 22 ANTOLL LINES" 1 Independent FCL Containers Heavy Lifts Liner Service D»«l Bls lo *IB .GIOWG SVMf* B*IS8»* SoiTiia Safabnd SoOrott SefTub Safaland Port 14S/17H 15S/1M 16S/19N 17S/20W 18S/21W Sintapore My It Auf 3 Auf 18 Sept 1 Sept 20 Port Ketone "J 21 Auf 6 hut 21 Sept 5 Sept
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      Page 22 Advertisements Column 2
      326 22 ft lOHORE SHIPPING LV 161 lAIAN Tf NGI %/e s!iaNl TfNGHU BAOAR PORT KFIANI, S! lANGOR MAIAVSIA HAJ SHIPPING SDN. BERHAD k Express Unttoad Service from P Ketang East Malaysa Brunei HAYATI V: 10/81 HAYATI V: U/Sl HAYATI V: 12/81 HAMDAH V: 13/S1 HAMDAH V: 14/81 HAMDAH V: 15/81 P.
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      Page 22 Advertisements Column 3
      274 22 KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAN/STRAITS/JAPAN Fully Containerised Service Vessel Tokyo Koto S pore Petung P KeUng S pore Tokyo Kotx NORDSTMVS 1 U hPt 14/7 15/7 25/7 26/; MOMMY VI 1/7 10/7 22/7 24/7 25/7 27/7 7/« 9/1 NORDSTAR V 6 29/7 31/7 10/1 12/S 13/1 15/1 21/S 30/1
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      Page 22 Advertisements Column 4
      301 22 BDUUUtT SOUTHEAST ASIA PTE. LTD. REGULAR CONSOLIDATION SERVICE TO NK/CONTMNT We can provide Door to Door Service. Rates avaiable on request. JVII: 13 i. 1" II Ml HUURG ANTWERP SM 14/7 17/7 7/ 22/7 25/7 1«/ 27/7 30/7 21/ 2/1 5/1 27/ REGULAR WEEKLY CONTAMER SERVICE ACCEPTMG FCI/LCI CARGO FOR.
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      Page 22 Advertisements Column 5
      30 22 NOTICE Cargo space available for Singapore to Bandar Khomeini and other ports. Reliable lines competitives rates. ETA Singapore 17 July. Please contact J.N. SKEAFF CO. PTE LTD TEL. NO: *****53,*****03.
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  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      161 22 WE not! Regional Weather S V •T7l vjO? kV X > j f 2 s A S* i a: O 35 v /f (V c /^> CT' W SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R. Thunderstorm Temperature °C Shower Weather Wind direction with speed in
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