The Business Times, 29 April 1982

Microfilm: NL12080
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 THURSDAY, APRIL I*B2 60 CENTS
    10 words
  • Article
    Bush says US has made good progress against inflation
    643 1  -  By BARRY VOLPERT US VICE-PRESIDENT George Bush said yesterday that the Reagan Administration has made great progress against inflation, the number one problem in the minds of the voters in the past two years. Inflation in the United States is down
    643 words
  • Article
    Trade growth slows to 5.5pc
    277 1  -  By SOH TIANG KENG SINGAPORE'S external trade continues to show gradual progress though growth is still sluggish. For the first quarter of this year, foreign trade grew by 5.5 per cent compared with the same period of last year. This compares with the 14.5 per
    277 words
  • Article
    POSB lowers interest rates on loans
    282 1 THE Post Office Savings Bank yesterday reduced the interest rates on its housing, commercial property, and renovation and furnishing loans by half a percentage point. This means that borrowers for its housing loans now pay 11.25 per cent (for up to 10 years) and
    282 words
  • Article
    Lease guidelines vague, says Armco
    550 1  -  By BERNADETTE CHOOI THE recent guidelines on leasing, as laid down in the last budget exercise, have again been criticised for "inadequacy and vagueness". Mr lan Charles, the corporate finance manager of merchant bank Armco Pacific, speaking at the 31st business luncheon organised by the
    550 words
  • Article
    Mobil expects tough times
    313 1 MOBIL Oil Singapore expects rough weather ahead after a year of achievements in 1981. Chairman Dorsey Dunn predicts that company profits will weaken in the face of the worldwide oil glut and softening prices. On the other hand, inflation may ease and Mobil will continue to
    313 words
  • BRIEFLY...
    • Article
      Lock icon Indonesia buys ships
      85 1 AFP JAKARTA, Wed. Indonesia has decided to place orders for 200 new ships of up to 17,000 deadweight tonnes and launched a survey to establish how many of them can be built by domestic shipyards before placing orders for the rest abroad. The ambitious ship procurement programme
      AFP  -  85 words
    • Article
      Lock icon Loan from Japan
      93 1 Reuter TOKYO, Wed. The New Zealand government has signed an agreement here to borrow 15 billion yen in the form of a yen-denominated loan from a Japanese consortium of 16 banks and life insurance companies, Mitsubishi Trust and Ranking Corp said as lead manager. The 10-year loan,
      Reuter  -  93 words
    • Article
      Lock icon Border meeting
      51 1 Reuter CAPE TOWN, Wed. South African Prime Minister PW Botha will meet Zambian President Kenneth Kaunda on Friday at the South Africa-Botswana border. The country's Department of Foreign Affairs said Mr Botha will be accompanied by Foreign Minister Pik Botha, Defence Minister Magnus Malan and other senior officials.
      Reuter  -  51 words
    • Article
      Lock icon Minister resigns
      77 1 AP SEOUL, Wed. Shooting and grenade attacks by a drunken policeman brought about the resignation of South Korea's Minister of Home Affairs. Suh Chung-Hwa, a member of the original cabinet of President Chun Doo-Hwan since September 1960, quit his post, taking responsibility for the rampage which began on
      AP  -  77 words
    • Article
      Lock icon Soviet arms sales
      82 1 AP WASHINGTON, Wed. The Soviet Union has outpaced the United States in the sale of arms to Third World countries during the four years of the Jimmy Carter Administration, according to a study prepared by the US Arms Control and Disarmament Agency. The report, which focused on
      AP  -  82 words
    • Article
      Lock icon Israeli shootings
      94 1 UPI TEL AVIV, Wed. Israeli soldiers shot their way through a rock barricade erected by West Bank Palestinians and opened fire in a Gaza Strip refugee camp, wounding 10 Arabs. The shootings brought to at least 82, the number of Palestinians wounded in six weeks of anti-Israeli demonstrations
      UPI  -  94 words
    • Article
      Changes unlikely
      31 1 KUALA LUMPUR, Wed. Prime Minister Datuk Sen Dr Mahathir Mohamad, who will announce his new Cabinet line up tomorrow, is unlikely to enlarge it, or change the key portfolios.
      31 words
  • Article
    Dealers say MAS trying to stem fund outflow
    300 1 THE Monetary Aatharity wt Stegapare has altowed averlight rates la the Weal maaey market te rise ewalderahfy la what dealers describe as aa attempt to stem the astflew af faads. Dealers aald the market has heea very tight ever the past weeks.
    300 words
  • Article
    Petrol prices fall by nearly two cents
    408 1  -  By LOH HUI YIN A LITRE of petrol and diesel will be nearly two cents cheaper from today, the second price cut this year. The first was in February, also by the same margin. The reduction by Shell, British Petroleum, Caltex, Esso and
    408 words
  • Article
    Lock icon Tokyo trade surplus up
    113 1 Reuter JAPAN registered a trade surplus of U5520.48 billion with its world trading partners in the financial year which ended last month, more than three times the 16.77 billion surplus recorded the previous year, the Japanese Finance Ministry said yesterday. This huge rising imbalance has prompted
    Reuter  -  113 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      245 1 OFFICE AUTOMATION SDN. BHD. Others promise. We deliver... Towards the Automated Office. SEE HOY CHAN CROUP Tel Nos *****1/*****0 03QDII DUNLOP Malaysian is optimistic its business will pick up with the revival of the the Malaysian economy Page 11 THE American union movement is facing an important new challenge as
      245 words
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      Page 1 Advertisements Column 2
      0 1 `]$$?}[[,_<!{?`&$}^>*;(~&=$.`[|
      0 words
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      Page 1 Advertisements Column 3
      43 1 New generation features 14 storeys, 100,000 sq. metres e 2 container hoists, 14 high speed lifts Containers unstuffed on vour floor Central location (River Valley Rd, ou|fide CBD) "5 e Competitive rental rates w *****11 SINGAPORE WAREHOUSE Ca«M7(Nnti)Lfart«< MMartfalUa* Wi|i| n i WW =\)><!"~%>({}+(:;&|=<@$['!}'*%$
      43 words
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      Page 1 Advertisements Column 4
      67 1 the one arid only Dr. Sony any day of the year *****1 The Sonv Service Centre v r Available at: Metro Grand, Lucky Raza Watches of Switzerland, Lucky Plaza The Hour Glass Lucky Raza Peninsula Raza Tai Hong Hung, Lucky Raza Eastern watch, Lucky Raza Tigress, Raza Singapura. Changi Airport
      67 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Venezuelan state oil company withdraws London deposits
      293 2 Reuter THE Venezuelan state oil company, Petroleos de Venezuela (PDVSA), has begun withdrawing deposits from London as a precautionary measure. A company spokesman said the decision was "purely commercial" and did not reflect political considerations, but added uncertainty over the conflict between Britain
      Reuter  -  293 words
    • Article
      Lock icon ADB workshop on co-financing
      499 2 Reuter THE Export-Import Bank of Japan (EIBJ) expects Asian co-financing efforts will concentrate on energy related projects in Asia in the foreseeable future, EIBJ executive director Wasaburo Tsuji said. His remarks at an Asian Development Bank (ADB) workshop seminar on co-fi-nancing were highlighted by a recent
      Reuter  -  499 words
    • Article
      Analysts say gold sentiment may change
      361 2 GOLD may test this year's lows around US$3lO an ounce, but the excellent demand for physical metals indicates sentiment is changing, London commodity brokers Bouslead Commodities Ltd said. In its latest quarterly report on London commodities, Boustead said that with three-month dollar deposits return
      361 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        451 2 TRADING on the foreign exchange market yesterday was quiet. The US dollar fell against some major currencies and strengthened against others. Against the local currency, the US dollar opened at 552.1130/40 and went up to 552.1145/55 before closing on a weaker note at 552.1110/20. One man lb 2.1015
        451 words
      • Article
        PLR
        22 2 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 10.23 per cent.
        22 words
      • Article
        HONGKONG
        136 2 THE US dollar in Hongkong yesterday eased against most major currencies in quiet, late exchanges. Trading of the dollar was cautious throughout the day due to uncertainty about the trend of US interest rates, dealers said. The dollar (ell to 6.1575/ 1650 French francs against an early 6.1650/1700 and
        136 words
      • Article
        Tokyo
        134 2 THE dollar (or overnight delivery in Tokyo yesterday closed at 237.30 yen. slightly firmer than the 237.20 opening but weaker than the overnight New York 237.45/ 60 close, dealers said. It closed at 238.96 in Tokyo on Tuesday. Trading volume was a moderate 11.60 billion. Alter early weakness, attributed
        134 words
      • Article
        London
        34 2 Opening quotes yesterday: US -1.7832,40 Can 2.1850 72 Cross 1.2258 a D Mk 4.2006 47 DF1 4 6640 S FY 3.4750/86 B FY con 79.02/15 F FY -10.9712/828 Lit 2325.25/2329.25 Yen 422.18 96
        34 words
      • Article
        ASIAN $ RATES
        182 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on April 28: Closing Asian dollar certificates of deposit for prime names on April 27: 7 days 1 month 2 months 3 months months 9 months 12 months 1 month 3 months 6 months 12 months U8 Doll*r»(8»ot) Offer Bid
        182 words
      • Article
        Discount
        45 2 RANGE of prion offered by discount homei on April 8: Overnight: JVi* CaQ deposits J l i% ClMteg B.jim* Sellinc 3-month Treasury bills 3H 34 3-month Bank bills 09/1« »7/16 3 months CD 8* 8* 6 months CD 8H M Source: National Discount Co
        45 words
      • Article
        Gold
        289 2 SINGAPORE gold futures yesterday closed generally firmer compared with overnight levels in moderate trading, dealers said. Opening prices were marked up between US$7.3O and $8.50 an ounce reflecting the metal's firmness in New York overnight and in Hongkong yesterday morning. Total sales (or the day was recorded at 143
        289 words
      • Article
        Silver quotes
        40 2 TM Mm New York T.OTB 7.13B 7.MS 7 JOS Zurich 7.MB 7. JOB 7 MS K -J 7.«S Xns Singapore WOT 7.128 7.10B IBS T JOS Oodng prfc mIbUS dollar* a troy ounc e. Source: Credit Suisse, S'pore
        40 words
      • Article
        Treasury bills tender
        43 2 THE Monetary Authority at Singapore has invited banks and discount houses to tender for a total of $130 million 91-day Treasury bills to be issued from May 3 to May 7. Each tender must not be for less than $250,000.
        43 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      254 2 Swissair: The best excuse for flying to Switzerland is your health. Since in Switzerland and in its surrounding alpine region it doesn't really matter whether you like rambling best, sailing, skiing, swimming, tennis or simply want to spend a few leisurly days in a world-famous health resort amidst calming nature.
      254 words
    • Advertisement
      Page 2 Advertisements Column 2
      109 2 Kg W ■M MAINLIGH ptUOBES< ijctnc lamps M For $1 more,GE Mainlighter boms 5 times longer than aity ordinary fluorescent lamp Yes! Mainlighter® is no ordinary fluorescent lamp. It is backed by 100 years of General Electric lamp-making experience. Apart from having the unique 15,000 long burning hours* that save
      109 words
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  • TRADE AND INDUSTRY
    • Article
      Adapting to the age of robots
      207 3 ROBOTS are here and will have an impact on Singapore's industries and on certain types of jobs. Speaking at the opening of Technology Fair 1982 yesterday, Dr Tay Eng Soon said: "The real question is how do we adapt to this new innovation and
      207 words
    • Article, Illustration
      New crude oil tank for Mobil
      111 3 MOBIL'S crude oil storage capacity will be increased to 4.3 million barrels when its third million-barrel tank (right) is completed by June. Construction work on the $13 million tank began in January 1981 on Pulau Pesek, which is adjacent to Mobil's refinery in Jurong
      111 words
    • Article
      Belgian MNC invests $4m
      443 3  -  By LIM SOON NEO A BELGIAN multinational company has set up a fully owned subsidiary here to manufacture power distribution transformers. Ateliers de Constructions Electriques de Charleroi (ACEC) has invested over $4 million in the Singapore subsidiary, ACEC Far East Pte Ltd. ACEC Far East has
      443 words
    • Article
      Kentucky to invest in new outlets and plant extension
      676 3  -  By WONG MAI YUN KENTUCKY Fried Chicken will spend about $5 million this year to set up five more outlets and extend its Jurong factory to increase its chicken slaughtering and processing capacity. This will bring the company's total investment (including
      676 words
    • Article
      Seminar on saving energy in buildings
      126 3 IN CONJUNCTION with the national energy conservation campaign, a seminar on "Can buildings save energy?" will be held at the Hyatt Regency Hotel on June 4. The speakers will be people who are directly involved in the practical aspects of energy saving. They include
      126 words
    • Article
      CPF will collect foreign workers levy from May
      281 3 THE Ceatral Prevtdeat Fnnd (CPF) Board has beea appelated to eellect the foreign werkers levy ea behalf ef the geverameat The levy will be eeUeeted thraagh the CPF eellecttoa system similar to that «I the skills devetopmeat levy which the CPF Beard
      281 words
    • Article
      NPB plans library of case studies
      565 3  -  By RICHARD SEAH LOCAL companies will soon have yet another management style to learn not Japanese, European or American, but their very own Singapore management style. This will be possible when management experiences of local companies are recorded and compiled in a library of
      565 words
    • Article
      Workers' views on SDF
      408 3  -  By LEE YEW MENG MORE awards from the Skills Development Fund should be used for the training of the lower skilled workers rather than management staff as the Republic goes further into automation and computerisation. This was one of several recommendations made by the 800 delegates
      408 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      219 3 "V M m ill w 4 I 4 V 4T *5 ft Tap specialised skills with TEKNISKIL Tekniskil gives you the right man for the right job at the right time. No matter what industry you're in, we can tackle the job for you. Experts in their own fields, our
      219 words
    • Advertisement
      Page 3 Advertisements Column 2
      172 3 Hoechst research so that they may have shelter tomorrow. Hoechst market in Singapore a whole range of highly sophisticated products designed to make buildings of the future secure shelters. They include a full range of sealants to keep out tropical rain. Melment superplasticizer. Masonry water repellent. Acid-proof cement. Tile adhesives.
      172 words
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  • OVERSEAS
    • Article
      Lock icon Sharp growth in American trade deficit in March
      423 4 Reuter AP THE US trade deficit grew sharply in March in spite of a continued reduction in US dependence on foreign oil, the government said. US imports exceeded exports by US$2.6 billion last month, an increase of $1.4 billion from February, due
      Reuter; AP  -  423 words
    • Article
      Lock icon US budget negotiators fail to reach tax accord
      175 4 Reuter TALKS on the US budget for 1983 collapsed after White House and congressional negotiators failed to reach a compromise over tax levels, but White House officials said President Reagan will try to break the deadlock. A House of Representatives Budget Committee
      Reuter  -  175 words
    • Article
      Lock icon Industrial climate in West Germany worsens
      230 4 Reuter THE industrial climate in West Germany worsened in March and companies are increasingly pessimistic about business prospects for the next six months. The IFO Economic Institute in Munich on Monday said falling demand and a slight rise in production led to a sharp
      Reuter  -  230 words
    • Article
      Lock icon Operating margins of Exxon under pressure
      451 4 Reuter EXXON, reporting lower first quarter earnings, said its operating margins have been reduced in the past year, adding the decline has been particularly evident in the latest quarter and is continuing. It attributed the reduced margins to excess petroleum and chemical capacity in
      Reuter  -  451 words
    • Article
      Lock icon US Steel first quarter earnings at US$79.9m
      343 4 Reuter US STEKi- earned U5579.9 million or 88 cents per share on sales of $5 billion in the first quarter. The company said Marathon Oil results were consolidated from the start of the quarter, with an appropriate deduction for minority interests to reflect
      Reuter  -  343 words
    • Article
      Bethlehem Steel expects difficult year
      226 4 BETHLEHEM Steel Corp said it expects a second quarter operating loss and a difficult year. The company said demand for steel has not improved and virtually all market sectors are reducing finished product inventories. Its steel shipments for the first quarter were its second lowest
      226 words
    • Article
      Lock icon Agreement on changes to sea law
      116 4 Reuter AFTER teetering on the brink o( collapse at the week-end, the UN conference on the law erf the sea yesterday neared agreement on a convention. A conference spokesman said intense negotiations among delegates to the 152nation conference, urged on by their president, Tommy
      Reuter  -  116 words
    • Article
      Lock icon Haig calls for start of arms talks
      274 4 AP US Secretary of State Alexander Haig said the US should begin negotiating arms control and other, issues with the Soviet Union, declaring "nothing is gained by appearing to fear dipio- 1 ma tic discussions". He said the Reagan Administration is "prepared to
      AP  -  274 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      769 4 ARRIVALS Service Local Operator Number Tine Fro® MAS MH15A 0020 KUL PAA PA005 0145 JFK/SPO/HKG SLA SQ41 0705 MAA SIA SQ101 0806 KUL MAS MH671 0920 KUL MAS MH680 0965 KCH RBA Bid 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030 HLP CAL CB14 1030 HLP
      769 words
    • Article
      Lock icon HK may become top Asian money market centre
      414 5 AFP HONGKONG will outpace Tokyo and Singapore to become the principal money market centre of Asia in the next five years, Stuart Bass, vice-president of Manufacturers Hanover Trust Co (MHT), predicted in Hongkong. "The sheer volume of business now being developed means
      AFP  -  414 words
    • Article
      Lock icon Bush to visit China on Taiwan arms sale
      197 5 UPI AMERICAN Vice-President George Bush will stop in Beijing on his way back from a five-nation Asian and Pacific tour in a bid to ease Chinese concerns over the administration's decision to sell arms to Taiwan. The White House announced the visit
      UPI  -  197 words
    • Article
      Lock icon ADB needs more funds for its programmes
      512 5 Reuter THE ASIAN Development Bank (ADB) opened its 15th annual meeting yesterday with urgent appeals for more funds to support its lending programmes. ADB president Masao Jujioka told the opening session of the three-day Board of Governors' meeting in Manila that in spite
      Reuter  -  512 words
    • Article
      Lock icon Tokyo calls for higher public works spending
      457 5 Reuter THE Japanese Construction Ministry said Japan must maintain an annual average 6 per cent rise in public works spending in real terms to sustain real economic growth of about 5 per cent towards the beginning of the 21st century. In a long-term
      Reuter  -  457 words
    • Article
      Lock icon Proposal to open Japan to some imports
      279 5 Reuter KEIDANREN, Japan's federation of economic organisations, said it formally adopted a package of measures to open the Japanese market to some foreign imports to resolve trade friction with Western trading partners. It will propose to the government that it remove residual import
      Reuter  -  279 words
    • Article
      Lock icon US unionist launches unusual wage drive
      576 5 Agencies JAPANESE car makers enjoy a significant labour cost advantage over their US rivals, and Douglas Fraser, president of the United Auto Workers Union, is trying to close the gap. Fraser is now in Japan urging Japanese car workers to demand higher wages. "Industrial
      Agencies  -  576 words
    • WORLD IN BRIEF
      • Article
        BRITISH INVESTMENT
        324 5 BRITISH non-bank portfolio investment in overseas companies rose to £569 million in the fourth quarter of 1981 from a low of £445 million in the third quarter but was down on the £729 million invested in fourth quarter 1980, Central Statistical Office figures show. The figures, covering UK
        324 words
    • Article
      Lock icon Big fall in Jakarta's exports
      118 5 AFP INDONESIAN exports outside oil and natural gas for the first two months of this year dropped by a whopping 46.75 per cent (ram the corresponding period last year, the Antara news agency reported. Compared with non-ener-gy exports tor November 'and December IMI, the January-February
      AFP  -  118 words
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      Page 4 Advertisements Column 1
      222 4 hEW® 0 »»«•>< V-fcffiß«siS sSssSSssr o^o6 -*s©^ Dining at Raffles Enjoyable, unobtrusive, romantic For business or for pleasure PALM COURT Dine by candlelight in a charming garden setting ELIZABETHAN GRILL Fresh SEAFOOD specialities Succulent ROASTS from the SILVERWAGON Luncheon buffet on: SUNDAYS'- TIFFIN CURRY THURSDAYS RIJSTTAFEL Let's meet at Raffles!
      222 words
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      Page 4 Advertisements Column 2
      2 4 Editorial...page I
      2 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      308 5 I 1 V i\ i I I < •>-. v<~i J y -;i \> -jA mmms i P x >w Large Halogen headlights, height adjustable from inside the oar. Modem style dashboard with dear instrumentation Deep, orthopaedicaUy designed seats, leather upholstered, for hours of fatigue free comfortable dnvtng Large boot
      308 words
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      Page 5 Advertisements Column 2
      0 5 @[};]+/*\/%&!\,\"(/\?$),]^*[,(<
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  • Article
    United Auto Workless
    483 6 DOUGLAS FRASER has a problem. The president of the United Auto Workers union in the US has watched proudly as his union has succeeded in winning large wage increases over the past 30 years. He can boast that members of his union are among the most highly
    483 words
  • Article
    Can they manage that write-up?
    248 6 ASK ANY CHILD to write a composition entitled Myself. You will not expect him to say, "I am a naughty boy" or "I always bully my little sister" or "I never pass my school examinations." Company managers are not little children. So if they write
    248 words
  • Article, Illustration
    Lock icon New challenge for American labour unions
    1412 6  -  American labour unions are everywhere making concessions on wages, benefits and work rules. One expert says these constitute a shift in power to employers but some union leaders argue that employers are in fact granting power to unions. WILLIAM SERRIN reports. WILLIAM SERRIN NYT
    NYT  -  1,412 words
  • Article, Illustration
    Lock icon Truth isn't always a virtue...
    870 6  -  FORUM By DAVID W. DUNLAP NYT "THE discovery of lying was one of tj* great Joys of my life," Dr Wlllard Gaylin coatased to a gathering of American scholars seeking the truth about truth. The theory of truth that came to the fore at a
    NYT  -  870 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      628 6 -11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Passed as a suit (6) 7 Discard what may be worth putting a mouthpiece on (5. 3) 8 She's all wrong about love (4) 10 Vibrate the timbers? (6) 11 A great place to be laconic 14 Stopper colour (3) 16 Bright as a
      628 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      836 6 n nWK Preview of the Boeing 767 FOOTBALL teas *mM Mt mitt tie exdtomeat sf antker Uigk fsstkall matek la The Ueai te WenUey (Ck 1,1 M), whea dMtM Jets wttk a tally (•apttotM Oyimg 4eek. It tin featares aa all toaker Id Jtpu wklek NITM taet ky the ase
      836 words
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  • Article, Illustration
    Lock icon Differing fortunes of US newspapers
    1458 7  -  Everywhere there is a newspaper (in the US) in trouble, there's also one making money, says a newspaper analyst. The newspapers in trouble are the metropolitan dailies, two of which folded last year after sustaining massive losses. The smaller suburban newspapers are, however, doing fairlv
    UPI  -  1,458 words
  • Article
    Lock icon Dream that turned into a nightmare
    569 7  -  By NATHANIEL SHEPPARD Jr NYT AFTER 29 years at his company Hollis Smith felt secure. He had done all the things society had demanded and in return had landed a prestigious job. He bought a house in the suburbs and two cars and by
    NYT  -  569 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      417 7 Here's what the market says... "Personal computers are definitely here to stay in Singapore. Most professionals like myself are already using advanced equipment including personal computers. PerCompAsia is an excellent means of seeing what is available. We will be looking forward to visiting the show." Fang Ee Ang Managing Director
      417 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        216 8 APR 27 m CORBEILLE Atr-Uqulde MS -2 B S N CfervaU Danone 1440 -1 C 8 F (Tbomaonunch Cal) 1* Cte FYi-ncul* -15 des Pttrolet in.so Comptinli Financier* Compagnie Oenertk Credit Fancier -15 pp France 968 Heche tie (Llbrairle). Machines Bull 430 31-50 unch 4 Mlcheltn (B) 785 *13
        216 words
      • Article
        Amsterdam
        155 8 apr n ru ABN moo •1 Ahold WLOO -1 Akao 30.10 -0 4 AMEV MJO -0.5 Amlu a so 0J Amrobnk 54.40 -02 ST" 30 JO -0.1 BoU SUO -0J BorsumU 104 00 -0J Burhmann 47 JO unch Caland 32.90 unch Calve Delft Ml Ml] 06.40 -0.4 Ennia 13A30
        155 words
      • Article
        Brussels
        93 8 apr n Pr» FORWARD MARKET A <-m> 456 3 Arbed 1430 >36 Ajtur 466 -12 Bruc&n 874 -12 Bm-Lamb 1346 28 Cinptc noo 10 Coc* 300 unch Oe Bcert 230 .9 Ebei 1960 -30 Eleetrobel 4356 -50 Ob-Inno-Bm 2556 unch Oe* 1610 -20 Hobok 3375 -90 Pcuo 4660 -no
        93 words
      • Article
        Frankfurt
        208 8 APR XI Dm Ae«-Tele fun* en «2J0 -0.1 Akao TIM -0J Alls Leben Alls Vers RAsr 17*2 00 479 00 136 JOB -10 unch Bay H T Wbank Bay Vbank Bayer BBC BMW Caawll* Chem Varw Commanbank Contl Oumml Daimler-Bens Degussa Demac Deutsche Bank Dresdner Bank D* Texaco Dyckerhoff
        208 words
      • Article
        Zurich
        149 8 apr n Francs Action* Sulaaea 814 -i Alusulaae Br. S00 13 Aluaulaac Rag Brown Boeert Br. Cite Oelgjr Br. 1M ♦S 1010 use -40 -IS Cite CMlD PC 1010 -ft Cite Oeigy Rm Credit Sulaar Br Credit Sulaae Reg hktnnU Br Oeorge Placher Br Otobua Pc SOI 1H0 90
        149 words
      • Article
        Milan
        98 8 apr r Lire Bartaft 110 •l Bel mot unch Cenmle Or4 4T00 00 Cond Ac qua Roc oa JOS SO m Ertdanta ***** TS PUt Ord 1746 422 Ctoncrall ***** «S Otm 3001 4 31 in Prf* TWO 40 In««M no 00 Italcemcnu Ord ***** 100 Haifa* MO unch
        98 words
      • Article
        TORONTO
        202 8 APR XI C» Ahititu IT** Alcan OH -«k Alcorn* Bank Mont 21 unci) Bank Norm Scotlm a* Bell T»l in unch BeUi Corp BP Can Ltd B* Braacan 11* Camp Red Lake 15* Can Imp Bk 23* unch Can par 26* unch Can par In* Pf Carting OXeefe 7V>
        202 words
      • Article
        JOHANNESBURG
        243 8 APR Tl Rand INDUSTRIALS A Alpha 360 unch Abereoa 300 AS And CI T06 AM1C 1580 Of Sucar 1000 CNA Cum# Plnane* CM Bnrt Ind •00 unch 130 l«flOR uivh LMJBS OB nd voii rvm Ol*IMUlJ as unch HMM 107 5 unch -*y 00 unch lonitw LTA E unch
        243 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      708 8 ,?}_:+,=@=?<+_,/}~_)]?&;`;?,&+% Where to wine, dine and entertain with the American Express Card smapoireDekp 6wffel"Diwr Our buffet dinner special for those who love the perennial local favourites. Baffct from 6Ji pm 10.39 pot Satay Chicken Rice Fried Hokkien Mee Sweet and Sour Pork Tahu Goreng Singapore Rojak m sfjc CVTjcf cortices
      708 words
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      Page 8 Advertisements Column 2
      193 8 ivy sr > This is Thai Seafood at its authentic best. So fresh, it could have been alive IS minutes before coming to your tabic. It was. An enormous variety ol succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant Ox ley Rise/Penang Road. Singapore 0923
      193 words
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      657 9 COFFEE: Robusta futures yesterday ended the morning easier £18 to £13 a tonne below Tuesday's close in traded positions. Prices also ended at morning lows after running into some selling from local jobbers in thin volume. The market found some support at lower levels from a few trade
      657 words
    • Article
      PALM OIL
      145 9 THE Kuala Lumpur crude palm oil market yesterday ruled higher on light covering following Pakistan' s purchase of 10,000 tonnes of RBD palm oil at U*****.55 a tonne for June Ito 15 shipment, C and F, dealers said. In April, south was unchanged at U*****.50 a tonne while
      145 words
    • Article
      SOYBEAN
      225 9 SOYBEAN futures in Chicago on Tuesday extended losses to close at or near day's lows, off 6'/« to nine US cents a bushel. Traders said heavy selling by locals and the Professional House, which sold an estimated 6.0 million bushels on the day, took prices through the July-based chart
      225 words
    • Article
      WHEAT
      225 9 WHEAT futures in Chicago on Tuesday extended losses late to close off 4Vi to 5Vi cents a bushel. Traders said widespread selling, sparked by weakness in soybeans, overcame scale down commercial buying. Exporters were heavy buyers, believed to be anxious to cover short-term commitments with country wheat movement light.
      225 words
    • Article
      Produce exchange
      174 9 CHINESE PtWim Exefcaage, Singapore, mm eMi| prima per IN kf yesterday. Cwmt 41: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. Cspra: Mixed (loose) $50.00 buyers. Pepper: Muntok white pepper fob Asta NLW $372.50 sellers, Sarawak white pepper
      174 words
    • Article
      TEXTILES
      195 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CsttM yarn: China Blue Phoenix 20b 2,400; 32s 2,960, 40b 3,120 (per bale of 400 lbs). Piece gM4m: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      195 words
    • Article
      RICE
      323 9 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.10, 100 per cent second class 0.92, 100 per cent third class 0.88, 25 per cent new crop no stock, B-10 per cent 0.81. THAI BROKEN: A-super 0.65. Special 0.58.
      323 words
    • Article
      Straits Tin
      125 9 THE STRAITS U» price la Penang yesterday rose nine eeats to M 529.24 per Idle, to rale withia the ITA lewer sector ef $21.1S aid $32.91. Dealers said toe market has regained confidence wtth Increased baying by local aad foreign interests la reaction to toe ITC's 19 per
      125 words
    • Article
      CLOSING PRICES
      34 9 Rubber Apr 28 Singapore: May: 189.00 cent* (up 1.00 cent)* Malaysia: May: 208.25 cents (up 0.28 cent) Tin: M 529.24 per kilo (up 9 cents) Official offering: 179 tonnes (down 59 tonnes)
      34 words
    • Article
      Lock icon Chrome ore deposits discovered
      82 9 Opecna CHROME ore deposits have been discovered in the mountsinous region of Fujairah, 350 km east of Abu Dhabi, Khater Musad, Director of the Geocoosult Company, has announced. The company, which is exploring for minerals in the Emirate, is studying the best ways of economically exploiting
      Opecna  -  82 words
    • Article
      Wall Street lower
      1181 9 NEW YORK STOCKS STOCK PRICES IN New York on Tuesday closed sharply lower, largely due to a rumour, denied by the White House, that President Reagan suffered a heart attack. The Dow Jones industrial average was down only some four points at midday, dropped more than 10
      1,181 words
    • Article
      RUBBER
      202 9 RUBBER pric«s in Singapore yesterday closed slightly higher with May One RSS buyers quoted at 189.00 cents per kilo, up one cent from Tuesday's close. Morning prices were marked up slightly on some light buying after an about unchanged opening. Afternoon prices gained ground on continued buying support. In
      202 words
    • Article
      RAS PRICES
      442 9 RAS price* In cent* pei r kilo yesterday: Umm (per kilo) Buyer* Sellers lat. 1 RSS prompt f o b. 183.00 1M.00N tot 1 R S S May 189 00 189 50 tot 1 RSS June U8J0 189 00 tot. 3 RSS 171.50 174.50N UK/Coat 171.50 173.50M tot.3
      442 words
    • Article
      Tin controls accepted with misgivings
      447 9 THE Malaysian tin industry welcomed the decision of the International Tin Council (ITC) to invoke export controls to curb the steady decline of the price of the commodity. They, however, expressed misgivings, that the decision might not have perceptible impact on the price as the
      447 words
    • Article
      Lock icon Sugar import quotas
      128 9 Reuter THE US will soon announce sugar impart quotas, a widely anticipated move that has already angered sugar countries and US refiners. Failure to impose strict quotas would cost the government an estimated USH billion in purchases of domestic sugar this year and next year price support
      Reuter  -  128 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      169 9 JARDINE FLEMING UNIT TRUSTS: A STEP AHEAD OF THE MARKET To take advantage of stable income and capital values, consider our Currency and Bond Fund. »|JF Currency And VHV Bond Fund Investing for income and capital security in bonds and convertible bonds on an international basis with particular emphasis on
      169 words
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      Page 9 Advertisements Column 2
      234 9 Why we participate... "We have just introduced personal computers in Singapore and PerCompAsia 82 is an excellent opportunity for us to tap the market in a big way. In the next five to six years we see the market growing tremendously, especially in Singapore, Malaysia, Indonesia and Thailand." M. Fukomoto
      234 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1520 10 BID and offer prices officially listed and hwlwi in and reported to the Stock Exchange at Singapore yesterday, with the number ot shares traded shown In brackets in lots of 1,000 units, unless otherwise specified. BECTION ONE INDUSTRIAL COMMERCIAL AUied Choc (1.90B)
    1,520 words
  • Article
    Unit trusts
    147 10 SINGAPORE UNIT TKUR DIAMOND MOT STOBS (111 «Hiii' prtaaa 1ar April (Minim' prtaaa tar April The Commerce 3.13 Diamond' The Saving* Fund 1.T0 1.71 S pore Fd (US») Ofl O C S'pore Pro* Fund I B 1.35 St 1.31 S pore Sac. Fund L» 10» (Mar)(today) S pore
    147 words
  • Article
    SHARE INFORMATION SERVICE
    2936 10 IMS Hick Low Oapujr Last 8ale +orGr*s DW Dfr Crr Gr's Net YTd P/E Vol Day (*000) High Lew SECTION ONE INDUSTRIAL ft COMMERCIAL 306 233 m 320 141 201 480 282 247 172 246 320 98 198 350 240 Acma Alcorn Allied Choc BAT Bata Ben
    2,936 words
  • Article
    In Kuala Lumpur
    1568 10 BID and otter prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. tNDUmiAUB AMnmM (180b) sail AIM (1-278 1 JOS) IJI (2) 1.30 (1)
    1,568 words
  • Article
    COMPANY MEETINGS
    120 10 ALEGEMENE Buk Netolaad N.V.: AGM to be held at Vijzelstraat 68-78, Amsterdam on April 29 at 1500 hrs. OLYMPAI PtywMd Tinker Prwlaeta Bertol: twelfth AGM to be held at 14th Floor, Wisma Supreme Jalan Puncak, Off Jalan Parry, Kuala Lumpuron April 29 at 11 am. STRAITS BfniMMp C*mpaay
    120 words
  • Article
    Prices driven lower by profit-taking
    652 10 PROFIT-TAMING teek prices generally tower at tke fflagspsrt stock ssarket yesterday. 11m easier etosiag May ke later preted as a eerrecttoa alter sevea days sI satoterrapted rises, sr may ke viewed as a torasrssad to tower levels. Tke skseaet sI keavy selHsg, h#wfvftTj leads sop*
    652 words
  • Article
    Kuala Lumpur closes easier
    587 10 PRICES closed lower in most sectors at the Kuala Lumpur stock market yesterday. After a higher opening, prices began to slip. The decline extended into the afternoon session and accelerated lower towards the final bell. Overall turnover remained thin. Some analysts view the current market trend
    587 words
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  • COMPANY NEWS
    • Article
      Johan Holdings expects pre-tax profit of M$8m
      382 11 JOHAN Holdings expects its pre-tax profit to rise to M) 8.003 million in the current year ending Jan 31, 1963, after completion of its acquisitions and rights issue. This takes into account the results of its new subsidiaries, George Kent (Malaysia) and Kayjaya.
      382 words
    • Article
      Investing in property shares
      281 11 INVESTORS should note that although property shares are normally good investments, an eye should always be kept on market conditions. An article in the latest issue of The Surveyor warned there are lessons to be drawn from the sudden slump in the property market during 1974-75.
      281 words
    • ASIAN STOCKS
      • Article
        Manila
        88 11 THE Manila market yesterday was lower as commercial/industrial stocks retained an upward trend, while mining went down with oils, dealers said. Turnover was higher at 1.02 million pesos from 893,000. Gainers included Anglo Phil, PLDT and San Miguel B. The rest were untraded and unchanged issues. r TWTT— 1-ra.
        88 words
      • Article
        Market ends easier
        287 11 HONGKONG STOCKS IN Hongkong yesterday closed lower with losses mainly in blue chipss as a result of profit-taking after gains in the past two days, brokers said. Hongkong Electric however was higher, due to continued buying from Hongkong Land and other interests. Second and third liners firmed
        287 words
      • Article
        Sydney stocks close steady
        409 11 THE Sydney market yesterday closed on its highs after drifting downwards for most of the session. At the close, the All-Ordinaries index had switched from a two point loss to finish up 0.4 points on the day at 506.3. The industrial measure was steady at 654.5
        409 words
      • Article
        Tokyo shares mixed
        486 11 PRICES IN Tokyo yesterday closed narrowly mixed in thin trading with caution over a consecutive rise in the market average over the past nine days and ahead of the spring holiday week which starts today. The average shed 11.88 to finish at 7,405.28 on a volume of
        486 words
    • Article
      North Borneo Timbers' log output up
      188 11 NORTH Borneo Timbers Bhd has reported a slight increase in log production to 414,000 cubic metres (410,000 cubic metres previously) for the nine months to Feb 28, 1982. However, NBT's cocoa production in the same period fell by 26.7 per cent to only 196
      188 words
    • Article
      Dunlop M'sian Industries optimistic about outlook
      635 11 DUNLOP Malaysian Industries Bhd is optimistic that its business will pick up with the revival of the Malaysian economy. The company, which suffered a slight setback in earnings in the 1981 financial year because of the economic slowdown, believes the recession in the Malaysian
      635 words
    • In Hongkong...
      • Article
        ATLAS Industries
        62 11 has fore- cast consolidated profit after tax and minorities but before extraordinaries for the years to Marcb 31, ISB2 and 1983 of not less than HKSIS millionand $32 million respectively. In the nine months ended March 31, 1981 Atlas incurred a $9.49 million loss. It will resume dividend
        62 words
      • Article
        Island Peninsula Realty and Enterprises
        48 11 has reported group net profit of HK529.57 million ($18.29 million) including an extraordinary profit of $1.49 million (nil) for the year ended December 1981. It is paying a final dividend of 17 cents (14 cents) making a total of 28 cents (22 cents).
        48 words
      • Article
        Lock icon Asia Insurance
        45 11 Reuter has an- nounced net operating profit of HK528.43 million ($21.54 million) for 1981. It is paying a final dividend of 60 cents (50), making a total of 90 cents (75) on a capital to be expanded by a one-far-five bonus issue. Renter
        Reuter  -  45 words
    • Article
      Guthrie Ropel's fixed assets worth at least M$267m
      526 11 GUTHRIE Ropel Bhd's total fixed assets are worth at least M 5267.3 million on the open market, compared with a net book value of $140.1 million as at endDecember 1981. However, the surplus of $127.2 million arising from a professional revaluation of
      526 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      347 11 MAYA VIDEO PTE LTD. Mayo Industrial Building, 205, Kallang Bohru, Singapore 1233 Tel *****16/7 Specially manufacturing superior quality VHS V-O Cassette, Video blank cassette tape. Our brand is "SMART". For trade enquiries all are welcome. INTERMEX INTERNATIONAL BANK LIMITED NASSAU BAHAMAS U5520,000,000 Negotiable Floating Rate U.S. dollar Certificates of Deposit
      347 words
    • Advertisement
      Page 11 Advertisements Column 2
      160 11 Unmsi ftw TIMES PUBLISHING BERHAD (Incorporated in Singapore) Half Yearly Report and Dividend Announcement The Board of Directors of Times Publishing Berhad announces the following net unaudited results for the half year to 28th February, 1982. Turnover Trading profit before taxation Share of profit from associated corporations Income from investments,
      160 words
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  • Article
    Hong Fok results below forecast
    579 12  -  «■BBS Companies Editor: Mano Sabnani By SIOW LI SEN HONG Fok Corporation, reeling from the crash in property prices, has released substantially lower results from those forecast in its prospectus last May. At the time of its public listing in May, which was also the
    579 words
  • Article
    Tat Lee Finance shines
    158 12 TRUE to expectations, Tat Lee Finance opened at a 40-cent premium over its otter price of $2.50 when it made its debut on the Stock Exchange of Singapore yesterday The share was heavily traded as stags sought to take profits. It was the second most active
    158 words
  • Article
    Veneer report confirmed
    45 12 VENEER Products Ltd has confirmed an earlier Business Times report that it was negotiating to buy Material Trading Pte Ltd. In a reply to a query from the Stock Exchange of Singapore, Veneer also said a full announcement will be made later.
    45 words
  • Article, Illustration
    Lock icon Staying bullish
    576 12 WTO by HOCK LOCK SIEW IT MAY now seem like saying the obvious, but we remain bullish about the local stockmarket in the short term. Providing the greatest inspiration to investors is the strong performance of Wall Street in the past fortnight, in anticipation that interest rates will
    by HOCK LOCK SIEW  -  576 words
  • LATEST
    • Article
      SIGMA Metal Company Ltd
      115 12 has reported group pre-tax profit of $969,000 on the back erf a $19.32 million turnover. Profits after deducting $509,000 for tax came to $480,000. No comparative group figures were available as the accounts of subsidiaries were only included from their effective dates of acquisition in 1961.
      115 words
    • Article
      FEDERAL Cables, Wires And Metal Manufacturing Bhd
      48 12 has reported group pre-tax loss of $3.8 million for the year ended Dec 31, 1981, as against a net operating profit of |3.6 million previously. Group net sales were 13 per cent lower at $79.2 million. No dividend has been recommended.
      48 words
  • Article
    Huang appointed Overseas Trust Bank chairman
    355 12 OVERSEAS Trust Bank Ltd (OTB), the second largest banking group in Hongkong, has picked Mr Huang Tiong-Chan as its new chairman. Mr Huang, whose appointment was made on Tuesday, succeeds Malaysian entrepreneur and financier Chang Ming Thien, who died late last month. A Thai-Chinese
    355 words
  • Article
    Surplus for Amcol
    162 12 AILING Amcol Electrical Industries has disclosed in its 1961 annual report that a revaluation of its leasehold property and buildings at Wan Shih Road, Jurong, has thrown up a surplus of $1.59 million. This surplus, said chairman Tan Eng Joo, has been transferred to the capital reserve
    162 words
  • Article
    Times Pub interim profits up 19pc
    276 12 TIMES PiUMta( BM, the larger si the twe paMleJy, listed anna <1 the Times OrgulntlM, has npuM a msdest Imprsvemeat la earalags tsr the Orst half si Its earreat flasarlal year. The |nrfsi niasn Is largely la llae with aukgeomt'i aad the alai laisrhet's
    276 words
  • Article
    LONDON STOCKS
    729 12 LONDON, Wed. The stock market closed mixed after a quiet session with little reaction noted to newt of the UK air and sea blockade to be enforced around the Falkland Island! from 1100 GMT on Friday but trading was thin and nervous, dealers said. At 3pm, the Financial
    729 words
  • Article
    Lock icon DOW JONES
    50 12 AP NEW YORK, Wed. The stock market opened lower today, extending yesterday's slide, amid concern over budget negotiations in Washington and tensions in the Sooth Atlantic. The Dow Jones average fell 0.87 points to 856.83 in the early going, with declines leading advances by a 4-3 ratio. AP
    AP  -  50 words
  • Chief Price Changes
    • Article
      SINGAPORE
      166 12 Rises Indices M Cmtal 8el Properties 414 sao It +15 Apr 27 Apr 28 Bata Kawaa 320 12 BT Indicator: mm 2M804 Ambassador Public TextUe Msiaa Fa ills La rat Tia 710 190 256 220 10 10 9 ST Industrials: ST Finance: ST Hotels 787.43 1780 J8 1114.98 783.98
      166 words
    • Article, Illustration
      KUALA LUMPUR
      136 12 prim generally tower m Hw ttnHi Time. Mwtrtal UU M S.4S pM at TOJ> wMto Ike Maim B— la««tor MI 11 peteto to 2MM4. Rises Indices H L Finance 850 M Cement 466 Seacorp 790 E and A I 735 Larut 233 C Storage Ltd 426 P Text
      136 words
    • Article
      Selected indices
      54 12 FINANCIAL TIMES INDUSTRIALS Tuesday 570.2 Monday- 568.0 Week Afo ML8 Wednesday 1 Tuesday I Week Afo. c AUSTRALIAN INDUSTRIALS «OD M AWO0 306.08 loesd DOW JONB8 AVERAGE INDUSTRIALS Tuesday .8WJ0 Monday 886.58 Week Ago 840.56 Wednesday 8644 Tuesday 864.6 Week Ago 63^5 ALL ORDINARIES Wednesday 506J ULIANOIBNC Tuesday.
      54 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      293 12 of Los Angeles USA, announces that its Treasurer, P. Bogart, will be at the Hilton Hotel, 581 Orchard Rd., Singapore on April 30, 1982 from 10:00 A.M. to 5:00 P.M. WESTERN LAND BANK has available large buildina lots in California City, Salt on City (near Palm Springs), Castle Lakes, etc.
      293 words
    • Advertisement
      Page 12 Advertisements Column 2
      195 12 Promises wont find you offices. Jones Lang Wootton will. —I No one knows about office accommodation Hke Jones Lang Wootton. We can tell you what is available today, what you can secure next year, and years after that. What's more, we can tell you what you can get for your
      195 words
    • Advertisement
      Page 12 Advertisements Column 3
      169 12 PROPOSAL TO CHANGE i' J:*: 11 I We. Messrs. YIP A CO. of Unit 1006, 10th Floor, Bhenton House, Shenton Way, Singapore 0106, hereby give notice that In consequence of our client's purchase of the vessel "FIR" we have applied to the Registrar of Singapore Ships, under Section 417 of
      169 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      67 12 OUTLOOK for Singapore today: Partly cloudy in the morning. Thundery showers in several areas in the afternoon, clearing by evening. Report for 24 hoars prior to 7J$ pm on April 28 at the airport: Maximum temperature 32.1 Associated humidity 67 Minimum temperature 24.4 Associated humidity 97 Hours of sunshine 5.40
      67 words
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  • SHIPPING TIMES
    • Article
      Lock icon India lacks cargo support measures
      185 13 AFP THE Indian shipping indus- try in general and the state-run Shipping Corporation of India (SCI) in particular have suffered for want of adequate cargo support measures. Tne committee of Parliament on public undertakings held the Shipping and Transport Ministry responsible for the failure to
      AFP  -  185 words
    • Article, Illustration
      Timber freight rates decline further
      610 13  -  By JUNE LIM TIMBER freight rates from Singapore and Malaysia to Europe have declined further to levels almost comparable to that of 1977. Shipping companies are prepared to ship 50-cubic-foot tonnes of timber from Singapore/West Malaysia to Antwerp/Rotterdam in Europe for about $130 to $140.
      610 words
    • PORTSIDES
      • Article
        Lock icon Scrap more supertankers
        108 13 Reuter INDEPENDENT tanker owners called for more supertankers to be scrapped to improve the health of the market and the standards of safety at sea. Intertanko, the international association of independent tanker owners, said in a statement that a fleet of nine million dwt should be sold
        Reuter  -  108 words
      • Article
        Gorton Bill cleared
        169 13 THE US Senate Commerce Committee has cleared the Shipping Act of 1962 (S-1593) for consideration by the full Senate. The regulatory reform measures, also known as the Gorton Bill, contained few changes from the draft bill approved three weeks ago by the Senate Merchant Marine Subcommittee. S-1593
        169 words
    • Article
      INDEX TO ADVERTISERS
      705 13 kippteg Liae Pag® Gal Shipping Liae Pa Cat Achipeiego Shpg vm 1 Feaco vn 4/5 AIM vm I Fiona Laura V 5 Alfred CT VI 1 Franco-Belg m 4/5 All trans vn 4 FrataNVOC VI 2 Alpac VI 5 Freight Links V 3 Anfouvv DC 5 Freight
      705 words
    • Article
      PORT CONDITIONS
      1082 14 ALGESIA Annaba March 24. 8 vessels waiting in the roads. Skikda March 24. 6 vessels waiting in the roads. Bejaia March 24. 4 vessels waiting in the roads. El Djazair March 31. 810 days for general and at least 30 days for grain. Mostaganem March 24. 2 vessels
      1,082 words
    • Article
      LONDON FREIGHTS
      1450 14 GRAIN chartering on Tuesday was proceeding at a moderate pace, and included an overnight booking by Chinese charterers for 30,000 tonnes of heavy grain from the US Gulf or Atlantic coast to China during May for U5533.75. A 50,300 tonne cargo from St Lawrence to Antwerp/ Rotterdam/Hamburg paid
      1,450 words
    • Article
      OCL suffers sharp setback in profits
      756 14 OVERSEAS Containers Ltd (OCL). the major UK shipping consortium, suffered a sharp setback in profits last year as a result of the UK seamen's strike, disruption at Southampton and trade recession. Its pre-tax profit slid from £45.8 million to £26.1 million in the financial
      756 words
    • Article, Illustration
      New straddle carriers for HK
      260 14 MODERN Terminals Ltd of Hongkong has completed building the last of 19 new straddle carriers for its container germinal at Kwai Chung. The straddle carriers are manufactured by Toyo UmpanJti Co Ltd and the order worth about HK$4O million, was handled by Kanematsu Gosbo, a
      260 words
    • Article
      APL launches P Washington
      355 15 AMERICAN President Lines, a subsidiary of San Francisco-based Natomas company, has christened and launched the first ship since colonial times to be named the President Washington. With the capacity to carry the equivalent of 2,500 TEUs, enough cargo to fill a freight train 12 miles long,
      355 words
    • Article
      PPA asked to reduce rates for ro-ro ships
      469 15 THE PHILIPPINE Ports Authority is studying a request that stevedoring charges be abolished and arrastre rates be reduced for cargoes carried by roll-on/roll-off vessels. This request was made in a position paper submitted by Sweet Lines, Inc last November. Until now, the
      469 words
    • Article
      Lock icon High tanker rates paid for Falklands
      702 15 Lloyd's List TANKERS chartered by the UK Ministry of Defence, which account for half the merchant shipping taken over to help in the Falklands crisis, are costing the government nearly US$5 million a month. Details of the rates paid by the Ministry of Defence
      Lloyd's List  -  702 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      5211 20 SHIPPING LIST where your ships are due and when SCHEDULE A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port
      5,211 words
    • Article
      Container Schedules
      574 21 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Arrival for LCL Movement Mode Ship Voy Date/Time Operator Cargo Schedule Prasetia 16SB/82 30.4.82 1100 SS Maritime 49 vc Neptune Crystal 14S 30.4.82 0300 NOL 49 0900-1000/1000-1100 TT Benalder 50/429 30.4.82 2200 Ben Line 49 1100-*****/2359-0100
      574 words
    • Article
      WHO ACTS FOR WHOM...
      1677 21 The leading shipping lines operating from local ports and their agents. A B Arhlpetegs Nhpg Singapore Shpg Agencies (Si Euro-Asia Line (PN KL PK) Adriatic CmUlvt Continental Feeders (S), Cargo Freight (PK). ATM Singapore Shipping Agencies (S)/ Euro-Asia Line < PK PN) Afra-EaraaM Itoe Transgroup Pte
      1,677 words
    • Article
      Lock icon FEFC concerned over Soviet rate discounts
      1575 22 Transport 2000 THE 32 MEMBER LINES of the Far Eastern Freight Conference (FEFC), one of the oldest and most powerful shipping cartels in international deepsea shipping, are gearing for a relatively flat 1962. Although there are some growth prospects for the eastbound trade, there
      Transport 2000  -  1,575 words
    • Article
      Spanish yards announce three-year revamp plan
      274 22 SPAIN'S state-owned shipyards have announced a three-year restructuring plan that envisages an 18 per cent cut in the labour force and elimination of the current US$25O million losses by 1984. The plan was unveiled recently by Mr Jose Julian Massa, head of the shipbuilding
      274 words
    • Article
      Lock icon Elk adapted to carry tanks for British fleet
      302 22 Reuter TWO ENERGETIC British mariners caught up in the Falkland* crisis have transformed the container ship EJk to more like a man-of-war. The EJk sailed from the English port of Southampton 18 days ago with light tanks, ammunition and food for the
      Reuter  -  302 words
    • Article, Illustration
      SHIPS IN PORT
      588 22 AUIVAU KEPPEL WRARVEB Athlon (23) «4 Centaur (Passenger) (14 Will haul to G.l/1 on 3thth/53) 3/4 Crikvenica (hauls after Feng Guang shifts) 41 Equator II (after Equator) 22 Etturt (after Sharp Uand) 13/14 Feng Guang (183 shifts) 45 Gold Wealth (hauls 4Cm East after King Pearl hauls)
      588 words
    • Article
      The Consortia
      181 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. ANBO (BTRAJTB/ AUSTRALIA): Australian National Line. Australia/Straits Container
      181 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      258 13 tea KEUNG-A SHIPPING KOREA FLAG VSLS Regular Liner Semi-Container Service To: P.Kebnf/K«eiunc/BuMn/Inchon Fm: Busan/HKonf/Banfkok Td S'pore: *****11 P.K. *****4, PN *****5 K.L. *****0 I \K DIM I U m«si Cj*m| Biwm Orient Overseas Co+UcuMeA Line RliT CQNTMMERBCD SNKE 10 EUMK QRA SUEZ) BM k tat 1/5 11/5 20/5 22/5 24/5
      258 words
    • Advertisement
      Page 13 Advertisements Column 2
      239 13 SKA I.OR I) L UASC JNITED ARAB SHIPPING CO SAG) Nli i it lL> Liixli EXPRESS MULTI-PURPOSE SERVICES M TWML f.45 FULLY CONTAINERISED SERVICE i±j i (12/5). Owwwii (13/5). OMbi (17/5). Doto (19/5). Qrtm (14/5) i (19/5), Mm (22/5). Oi OhJta (28/5). Doha (30/5). M. mmiN M MTTOTM Ml MWM.
      239 words
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      Page 13 Advertisements Column 3
      258 13 <l>cnan Alqenan National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents: NMOnCIIMBITMMM MISCT FTL LTB. Tet *****4 (5 lines) SINGAPORE MAERSK LINE EXPORT FULL CONTAINER SERVICES TO. US. PACIFIC. GULF, ATLANTIC, EAST CANADA, ASIAN PORTS Ptiuacteipiiu -i l l[► 3-4/5 1-2/5 1-5/5 15-11/5 22-23/5 25-30/5 l/l
      258 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      704 14 m FAR EAST/EUROPE CONTAINER SERVICE I) Gtari 2) tTbwi 3) B »an 4) RMa 5) La H P Mm| S port SaM SaM S«M M 7/5 5/5 SaM SaM SaM SaM SaM 14/5 12/5 SaM SaM SaM SaM to Port 18/5 19/5 30/4 2/5 3/5 4/5 6/5 21/5 26/5 7/5
      704 words
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      Page 14 Advertisements Column 2
      175 14 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA tv n i "ipib i m i I —1 1» IT vs w H/5 11/5 vs ii/s a/s «XT MMMLt: -BARBER TOBA" Wtt "BARBER TERRIER" W "BARBER KARA" 1(/VC "BARBER TAUBKAM" 2Wtt "BARBER PERBEUS" 2/1/ A TO: PANAMA c. mm) US
      175 words
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      Page 15 Advertisements Column 1
      744 15 The Straits Steamship Group OCL Overseas Containers Limited STRAITS SHPPiNG Skmpow to SitMh, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICF TO UK CONTINENT R'tfaa U Haw* Sl* 21/5 M/ 5 a/5 M/t 17/1 31/5 IVC 15/1 M/t 20/t 22/1 15/1 29/ C 11/7 24/1 M/ 7 N/7 11/7 M/ 7
      744 words
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      Page 15 Advertisements Column 2
      444 15 fZB LI Franco Belgian Services r b tT V I ir f< sn: /V, :r; A 1 MOMS It I Pat Apr It Mr 1 Mr tMr 77 Hit i Mr is Mr 2 Aaa iMr 21 Ibr 7 Jm Ilk* 21 Mr II Jm Mr 1 Jm It JM
      444 words
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      Page 16 Advertisements Column 1
      551 16 JKHapag-Lloyd 10 COWTIWHIU*^^EXPORTS BremaEiptu 4,5 6 5 23/5 25/5 27/5 28/5 TMw Eipreu 11/5. 13/5 31/5 2/6 3 6 4/6 iNlMlt, 19/5 21/5 8/6 10/6 12/6 13/6 Mmßh 26.5 28/5 15/6 17/6 19/6 20/6 Iww 4/6 6/6 23/6 25/6 27/6 28/6 Larftlay 11/6 13/6 1/7 3/7 5/7 6/7 too accepting
      551 words
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      Page 16 Advertisements Column 2
      415 16 JHC.S.L.INE KOREA SHIPPING CORPORATION STORE P. Keianc PENANG ALTAR 175N 4-« May 7-9 Ma, 10-12 May MMNMI BANGKOK ALTAR 176E 44 May 7-9 May 10-12 May TO BUSAN VEGA 173W 29-31 May 1-3 km 4-6 km FH^BUSAN VEGA 174E 29-31 May 1-3 Jwt 4-« kite TO BUSAN KSC KSC KSC
      415 words
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      Page 16 Advertisements Column 3
      548 16 ©EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCEPT* FCt ft LCI CARGO FOR: S pin MM Hw*w| F«fait*v« Mte4«R M««* It Hi«r* Im In* 1/5 l«/ 5 21/5 73/5 25/5 77/5 2«/5 [tm *tm 1/5 21/5 11/5 2/1 4/» 5/4 f•« lack? 17/5 21/5 M/C 17/1 14/4 15/4 also waPTMs ia/ra
      548 words
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      Page 16 Advertisements Column 4
      842 16 Burma Five Star Shipptn| Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON B F SS C Agents m MoJoywa BCHJSTE AD SI WPING TEL NOS KL *****4/*****7-PKELANG *****1/8 PENANG '*****1/8 CcmpsnM Arpontine Do Nmmi«« t. A. C.I. F. "ARGENTINE NATJONAL LINE" LOAOMG FOR DURBAN MONTERDEO BUENOS ARES rpn ACONCAGUA 4/7 May
      842 words
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      Page 16 Advertisements Column 5
      170 16 SI NOSE MARITIME PTE LTD SANKYO LINE SUMUFE ELrSUNSTM TU *****44/7 I 22(1371 east asm iwm an m <*****/*****4 HI 3M732/1/7251 mum trak i tramport ltd ID. (703 ft (3725 SUN UNION LINE ksi KYOWA LINE (*****3® ■>, rv.jrwr ;ii ISLAMIC REPUBLIC OF IRAN SHIPPING LINES Iron Nehzot IRANIAN SERVICE
      170 words
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      Page 17 Advertisements Column 1
      884 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH. JEDOAM AQABA (Reefer Cntrs Acceptable) EAST AFRICA/REDSEA SERVICE COLOMBO/KARACHI/P. GULF SERVICE SINGAPORE/CHITTAGONG/RANGOON/SERVICES KOTA RIA Singapore 7/8 May Loading For. Chittagong, Rangoon SINGAPORE/BANGKON/SINGAPORE DIRECT SERVICES KOTA BERUAN. 7/9 May SINGAPORE/INDONESIA/SINGAPORE SERVICES Pakistan National Shipping Corpn. Karachi ETA 9/10 May KARACHI (ACCEPTING CONTAINERS) PIL/MSC
      884 words
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      Page 17 Advertisements Column 2
      685 17 BENLINE CONTAINERS EXPRESS CONTAMER SERVICE TO/FROM EUROPE TOtUMPt Iraaaaa [pm Takie [iprm tnriaan CardfcanSay H BURG B HAVEN ROAM 27/s a/5 4/4 5/4 12/4 13/ C l»/4 a/4 27/4 a/( 5/7 J/7 13/7 14/7 HAVRE SOTON f ranee Al U M/ 5 73/5 7/1 31/5 15/® t/t a/t i5/c M/
      685 words
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      Page 17 Advertisements Column 3
      588 17 Scan Dutch 9 *««l( Penanj FaaPer In*, I NMAGA ANSON SM 30 4 14/5 B DAXiI ANSON .H i 21/5 I PINAGA MISON 27/5 20/5 e OAKIA 4/6 8 FfNACA 11/* I OAKtt 10/6 II u*™« lE(Wcn II iw, iWBCrp Lf naere MUO BIS* SOtltliai InCtpOOl IM<M (UtWj). CaMrj HlMfc
      588 words
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      Page 17 Advertisements Column 4
      623 17 OUSTEAD SHIPPING AGENCIES BANK LINE EXPRESS I DEPENDENT SERVICE TO UK/CONT SPORE R OAM HULL HMBG CORABANK 4 May 30 May 2 Jun 6 Jun IVYBANK 8 Jun 4 Jul 7 Jul 10 Jul. CLYDEBANK 27 Jun 23 Jul 26 Jul 29 Ju.l FORTHBANK 6 Aug 1 Sep 4 Sep
      623 words
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      Page 18 Advertisements Column 1
      1425 18 I Kline I KAWASAKI KISEN KAISHA, LTD. INTAINER SERVICE nsKiKsa store rota V 7 6 May I IWW n 13 May to IUCULD *5 20 May K 1 ACEWON VI7E 24 May MOTHER VESSEL TOKYO •KUROBE MARU 25 May «i»NEW JtRStY MARU 1 lun VERRAZANO MARU 7 lun "MSO MARU
      1,425 words
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      Page 18 Advertisements Column 2
      628 18 y/ie> CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE liud** l« l(K AMttUS SAN FRANCISCO SIATTIf IkCOMA VANCOUVER B C Acc«ptoi( fa Fa Cantanon P AHatif Smiapotc I Ailfttn m f*i»r l tai 2 m 71 m AUSTRALIA EXPRESS CONTAINER SERVICE Acceptot Fa/Fa Cmtmm PM«if 6 May 7 tan MMMS 7
      628 words
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      Page 18 Advertisements Column 3
      545 18 KORINS MARITIME SERVICES ft Room 601, ICB Building, Shenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES UNNGSDON ASIA NOTE BUNGA ARAfOA S'pora P. Ketang Loadmg Far 5 May Bandar Abbas/B. Khomeni 7 Ma* Jaddah 30 May Bandar Abbas/B Khomeni trj \Hyundae Shipping Co. lid.
      545 words
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      Page 18 Advertisements Column 4
      547 18 INTRASEA (PTE) LTD Sui>- 'r Irr.T' ,r t Smqup.o2o" T»- BREAKBULK SERVICE TO EUROPE/UK Spare P KcUnc La»M*»ar: ANANGEL MKHT MB 125 ta Part ROTTERDAM ANIA LEONHARDT *****. 7 May 4 May BOULOG*/RT>AM/W (AVON) Vtud Loading at Kata Kmabalu FULi CONTAINER SERVICE TO EUROPE/UK ISLAM) SIM M 12CLaa*«lar: leddah/Limaiial/M'saias/ Hamburg
      547 words
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      Page 19 Advertisements Column 1
      588 19 TO EUROPE/UK (VIA SUEZ): HK CONTAfO 30W. A CONCORD 4W+... C PAUL 31* C ROZE m 0 CMEF 29* K CHANCE 8* Also accepting cargo to/from Scandinavia A CONCORD S'pore Closing Times: FCL Cargo 2000 6/5 LCL Cargo 0800 6/5 FROM EUROPE (VIA SUEZ) SS BRDGE 35E 0 CHEF HE
      588 words
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      Page 19 Advertisements Column 2
      717 19 MALDIVE LINES ETA ETA ETA SPORE KUANTAN PORT KELAN6 MALDIVE PROE 1.0/5 8/5 14/5 loading For SALALAH/ ABU DHABI/ DAMMAM MALDIVE NEIGHBOUR 10/5 15/5 Loading For Jeddah CtHAX JADE 5/5 PASIR Loading For HODEIDAH GUDANG (1/5) MALDIVE PLEDGE 14/5 Loading For Jeddah MALDIVE AMBASSADOR 8/5 Loading For Hofadah MALDIVE PROGRESS
      717 words
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      Page 19 Advertisements Column 3
      653 19 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUK.DING 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SMGAPORE Telei Numbers RS ***** RS ***** RS ***** P KEIANG KNMG M/S SHAWKAT NAM SOON SON. BHD. IST ANO 2ND FLOOR. *SS*S HAJ THONG SHPPMG 23 Wttd
      653 words
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      Page 20 Advertisements Column 1
      702 20 s s c Group SINGAPORE SHIPPING CORPORATION PTE. LTO. 20tm floor ocean building Singapore oio« MARK t TING *****2 |3 LiN*S) GENERAL *****1 122 LINES» TELE* RS ***** RS 2SS6B A 6 CARSHIP CABLE CARGOSHIP Regional Container Lines 2 SAILINGS A WEEK to/from BANGKOK BERTHING EVERY NOON TUESDAYS. SATURDAY DSR-LIIMES
      702 words
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      Page 21 Advertisements Column 1
      576 21 CARGO SPACE AVAILABLE ON UNEVt VESSELS LOADING FOR MUSCAT. DUBAI, DAMMAM, KUWAIT. COLOMBO, KARACHI, MADRAS, CALCUTTA CHTTO4 TO PRIOK, SURABAYA BELAWAM, CILACAP, HOCHBMNCITY, PNNOMPENH, HAtPMO94Q MARSENXES, DAKAR A LAOOS Fm) Igmmpii M *****11 (5 Mat) 22(8811 T*cß ZMZIRRMi REGULAR CONTMNER SERVICES Fa MB LCI TO: NEW ZEALAND, UK/EUROPE, USA, CANADA,
      576 words
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      Page 22 Advertisements Column 1
      453 22 NOTICE PRESS RELEASE NIGERIA FOLLOWING THE NEW REGULATIONS ISSUED BY THE NIGERIAN AUTHORITIES THAT FORBID THE USE OF PRIVATE JETTIES, MED AFRICA UNE S.P.A. ANNOUNCES THAT ITS VESSELS ARE ALREADY DISCHARGING SINCE FEW MONTHS IN ALL NIGERIAN PORTS AS: CALABAR LAGOS PORT HARCOURT SAPELE WARRI, USING THE N.P.A. FACILITIES AS
      453 words
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      Page 22 Advertisements Column 2
      36 22 at PAA. (Mm Ita. I/I General Survey of damaged cargo ex the above vesael will be held on Monday 3rd May, 1982, from 9.00 to &.00 p.m No further survey will be held after thla date.
      36 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      124 22 w. PI f V m r i 0 t*o. 9 V \L m W. li SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AJLTMS MORMNQ. IflflßSi R Thunderstorm Temperature *C Shower Weather Wtod direction with speed to knots y*. Wave height Cloudy Sky •c CT 1 Wind direction wit* speed in
      124 words