The Business Times, 13 May 1982

Microfilm: NL12081
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 93/1/82 THURSDAY, MAY IS, ISB2 60 CENTS
    11 words
  • Article
    Talks to focus on tin producers' association
    315 1  -  By ZHOU MEI HIGH on the agenda for discussion among the three Asean mining ministers during their meeting in Kuala Lumpur on May 14 and 15 is the formation of a tin producers' association with or without an international tin agreement at the
    315 words
  • Article
    S'pore and France to sign cooperation pact
    246 1 SINGAPORE and France will be signing an agreement on economic and industrial cooperation soon. Mr Michel Jobert, the French Minister of State and Minister for External Trade, will be signing the agreement for France, while Dr Tony Tan, the Minister for Trade and
    246 words
  • Article
    MAS eases liquidity for finance groups
    512 1  -  By ANGELINE TAN FINANCE companies are now allowed to hold additional financial instruments as part of liquid assets a development which should reduce the cost of their funds. The latest circular from The Monetary Authority of Singapore (MAS) says that another three kinds of
    512 words
  • Article
    Hoteliers' views on part-time workers
    505 1  -  By LEE HAN SHIH PART-TIME workers will not be of much help in alleviating the chronic labour shortage problem that is plaguing Singapore's hotels, at least not for the next five to 10 years, according to some hoteliers. They also said a hotel's productivity should
    505 words
  • Article
    Shangri-La to spend $70m on extension
    348 1 SHANGRI-LA Hotel will spend |70 million in the next two years on its second extension. This cost includes about $10 million in development charges. The bulk of the money is earmarked for the building of a luxury 17-storey tower block for dignitaries and top
    348 words
  • BRIEFLY...
    • Article
      Lock icon Brazilian arms
      62 1 AFP LONDON, Wed. Brazil will furnish Argentina with all the weaponry it requests, but will not take part in hostilities if London and Buenos Aires declare open war. A Latin American diplomatic official said Argentina has already asked Brazil for helicopters, maritime reconnaissance planes and ammunition. Brazil will
      AFP  -  62 words
    • Article
      Lock icon Iraqi planes shot
      58 1 Reuter LONDON, Wed. Iranian forces near the occupied city of Khorramsha.hr said they shot down three Iraqi fighter planes today. Teheran Radio said the planes were hit over Aba dan, the Iranianheld refinery town neighbouring Khorramshahr. It brought the number of Iraqi planes shot since Iran's two-week-old
      Reuter  -  58 words
    • Article
      Lock icon Soviet industry
      67 1 Reuter MOSCOW, Wed. Soviet industrial growth in the first four months of this year remained at a sluggish 2.1 per cent compared with the yearago period. A Central Statistical Board monthly report on industrial performance compares this with a target of 4.7 per cent for the whole year.
      Reuter  -  67 words
    • Article
      Lock icon HK money supply
      110 1 Reuter HONGKONG, Wed. Hongkong's newly defined money supply M 3 total rose 4.6 per cent to HK5189.35 billion overall in March, while the local currency component M 3 fell one per cent to $145.25 billion, compared with a rise of 0.1 per cent and a fall of
      Reuter  -  110 words
    • Article
      Lock icon Minister resigns
      56 1 AFP COLOMBO, Wed. Sri Lankan's Health Minister E L Senanayake, who recently figured in a Cabinet inquiry relating to the award of some contracts, resigned this morning. Mr Senanayake was Minister of Agriculture and Agricultural Research when a Cabinet committee, investigated allegations of corruption in the award of
      AFP  -  56 words
    • Article
      Lock icon Cooperation talks
      59 1 Reuter SEOUL, Wed. Saudi Arabian and South Korean officials opened a three-day meeting here to discuss economic cooperation and proposed private joint ventures. Topics will include trade and capital cooperation, Saudi supplies of crude oil and liquefied petroleum gas, Korean construction works in Saudi Arabia and agricultural cooperation.
      Reuter  -  59 words
    • Article
      Lock icon Miners killed
      75 1 AFP BELGRADE, Wed. Twenty one miners were killed early today when two fire-damp explosions ripped through a coal pit in Zenica. Eighteen men were still trapped in the pit at 0940 GMT, while six were out of danger in hospital. Rescue parties were struggling to reach the 18
      AFP  -  75 words
    • Article
      Lock icon Counterfeit money
      27 1 UPI KUALA LUMPUR, Wed. A court has sentenced two Hongkong nationals to 18 months in jail for possessing 730 counterfeit Hongkong thousand dollar bills. UPI
      UPI  -  27 words
  • Article
    Trading on KL exchange to resume today
    274 1 THE Kaala Lampar Stack Exehaage (KLBE) resames linltoj Mf Trading was smptaiti far the past three days ss a resalt ef a fire wbfteh damaged part sf Ms premises. The pshlle gallery reaatt] faithei asMee, bat the •fflm wOl i iatl—l to faacTbe
    274 words
  • Article
    Liang Court developer acquires loan of $170m
    517 1  -  By BERNADETTE CHOOI THE developer of the Liang Court complex is borrowing $170 million in the largest syndicated loan made this year. The banks involved are Bank of China, Development Bank of Singapore and Overseas Union Bank, which will also act as the
    517 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      235 1 "P) SINGAPORE business Budget connncnt by Lee Soo Ann Economic survey by John Drysdale KMDBL MALAYAN United Industries expects its companies to show further improvements in the current year Page 11 RECESSION in the West German car market and the shock of the Japanese challenge have released a wave of
      235 words
    • Advertisement
      Page 1 Advertisements Column 2
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      49 words
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      Page 1 Advertisements Column 3
      1 1 E4ftortal...p«ge
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      Page 1 Advertisements Column 4
      2 1 E4ttorlal...page I }|[,>^/!/>}>/,"[:!*%:\'>;;*,;';
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    • Advertisement
      Page 1 Advertisements Column 5
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      49 words
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  • BANKING AND FINANCE
    • Article
      Faster increase in lease financing
      539 2  -  By LEE YOKE MENG CONSTRUCTION equipment is now the leading item on the finance companies' list of leasing activities. According to the Finance Houses Association (FHA), which represents all the 32 finance companies in Singapore, lease financing has been increasing at a much faster rate
      539 words
    • Article
      Bourse game for 32 officers
      151 2 A TOTAL of 32 officers from banks and The Monetary Authority of Singapore are now participating in the Third Singapore Bourse Game. The game, which will be on for eight days till May 18, is being organised by the Institute of Banking and Finance and
      151 words
    • Article
      Lock icon RISE IN ASSETS
      58 2 Reuter TOTAL assess and liabilities of commercial banks in Malaysia rose to M 540.23 billion in December from $40 billion in November and $31.97 in December 1960, Bank Negara Malaysia said. Total deposits held by banks rose to $28.11 billion in December from $26.96 billion in November
      Reuter  -  58 words
    • Article
      Lock icon Bank of England resists move to cut interest rates
      414 2 Reuter THE Bank of England has resisted a move toward lower UK interest rates through its actions in the money market this week, analysts said. The bank apparently believes a fall in interest rates would not be appropriate now, given the
      Reuter  -  414 words
    • Article
      Lock icon Manila programme to help metal producers
      191 2 UPI THE Philippine central bank has announced a new financing programme to help producers of gold, copper and other metals suffering from a world market slump. Under the programme approved last week, the central bank will buy gold from primary producers at the prevailing
      UPI  -  191 words
    • Article
      Lock icon Hungary plans to borrow from IMF
      367 2 Reuter HUNGARY, wheae membership In the International MtaeUr; Fond waa approved but week, plana to borrow tram the laid, CMy thta year, National af Haagary president Matyaa Tlmar said. The timing af the harrowing waa sahjeet to farther aegstlattoa with the IMF. Tlmar added
      Reuter  -  367 words
    • Article
      PRIME UP
      61 2 ASIA Commercial Bank has raised its prime lending rate by half a percentage point to 10.75 per cent from today. Its savings and one-month fixed deposit rates were raised by one per cent to 9 per cent. The three-month deposit rate now stands at 8.75 per cent and
      61 words
    • Article
      Decision soon on futures trading
      375 2 MAJOR banks in America will know by the end of the month whether they can set up subsidiaries to trade in US futures markets. A Federal Reserve Board decision on an application by J P Morgan and Co Inc is expected shortly, and a number
      375 words
    • Article
      Lock icon More gold sold through Zurich than London
      238 2 Reuter SOUTH AFRICA continues to market between 40 and 70 per cent of its gold through London and Zurich, senior deputy Reserve Bank governor Chris Stals said. But a larger proportion is sold through Zurich than through London, he added. Both markets, however,
      Reuter  -  238 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        468 2 THE US dollar weakened against most major currencies on the foreign exchange market yesterday, with the exception of the Singapore dollar. The Singapore dollar opened at 5|2.0780/90 against the US dollar. The Singapore dollar firmed to 5J2.0750/56 against the US unit but eased again to close marginally weaker
        468 words
      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.52 per cent.
        22 words
      • Article
        ASIAN $
        176 2 ASIAN ASIAN currency deposit Interbank rates as at close on May 12: US Mfara(gMi) «r«f ill 7 days IS 14* 1 month 14* 14* 2 months 14H 14* 3 months 14* 14* 6 months 14 5/16 14V16 9 months 14 3/16 14 1/16 12 months 14* 14 DM. NM 1
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      • Article
        Discount
        42 2 RANGE of prk sm offer ed by dlscount hooees on May 12: Oveniicht: Call depotfta: M Qu*M 3-ironlh Bvtec TrMcurybUla 4 n 3-month Bank bills 10 9H 3 months CD 9H 6 monlhi CD vie 9 1/18 Source: National Discount Co
        42 words
      • Article
        Gold
        270 2 SINGAPORE gold futures yesterday turned easier in the afternoon on some profit-taking after a firmer opening, but the market still closed higher on balance compared with overnight levels, dealers said. Trading was generally thin with total sales fior the day recorded at 89 lots while kerb volume at €4
        270 words
      • Article
        Silver quotes
        36 2 MM FH slew York (MB (.TO ens cjbs Surtch t.15B 1MB SfiS (MS Tm MM aegspore (MB (.73B 1706 (-CS CVMlnc prk -e* la US dollari a troy ouao B. Source: Credit Suisse, S'pore
        36 words
      • Article
        Treasury bills tender
        43 2 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $120 million 91-day Treasury bills to be issued from May 17 to May 21. Each tender must not be for less than $250,000.
        43 words
      • Article
        HONGKONG
        119 2 THE US dollar in Hongkong yesterday weakened against most major currencies in moderate trading reflecting expectations of lower US Interest rates, dealers said. However, the Asian dollar deposit rate was not affected and held unchanged throughout the day. The dollar fell to 231.40/55 yen from 232.05/15 earlier, after early
        119 words
      • Article
        Tokyo
        88 2 THE US dollar for overnight delivery in Tokyo yesterday closed at 231.80 yen, unchanged from the opening and compared with the 231.75/90 finish in US centres overnight. Trading volume was light at $1.40 billion. The dollar for immediate delivery was untraded throughout the day, compared with 234.17 when last
        88 words
      • Article
        London
        47 2 Opeteac quote» yesterday US I MS 33 Can 2.JMC 706 Cram 1 2310 13 D Mk 4 .17» m D F1 4 6415 TO S FY 3 JOB 106 B FY coo 78.87 H.CO F FY 10 «0 "*J Ut J3IS 96 2313.06 Yea 08.28 427.07
        47 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      144 2 SINDO BUILDING new generation space in a prime industrial location >« v* SINDO INDU DEVELOPMENT PTE of the Sindo Group) 37 Robinson Road Singapore 0106 23 Richard Elba Pte Ud Smte 2406 Scotts Road Singapore 0922 Tel: S<ndo Building sttea n the st'riteq'C MacP f if"SC* ire., is Oof? J"
      144 words
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      Page 2 Advertisements Column 2
      49 2 4 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! Please call us. Tel: *****41.
      49 words
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  • TRADE AND INDUSTRY
    • Article
      Traders cool to recovery in March timber exports
      439 3 SINGAPORE'S timber trade recovered In March but this did not cause any optimism among local timber traders. Traders are particularly concerned about the coming summer holidays in Europe and the United States when demand is expected to fall further. However, markets in
      439 words
    • Article
      General Electric sells capacitors section to Evox
      278 3 GENERAL Electric Co of Singapore has sold another division of its operations to a new joint-venture company, Evox Singapore. This sale, involving the capacitors section, is the second operation to be sold by a subsidiary, Electrical Manufacturers, in recent months. In March, Electrical
      278 words
    • Article
      A good year for most advertising agencies
      787 3  -  DOUBLE DIGIT GROWTH IN BILLINGS By TSANG SAU YIN ADVERTISING agencies in Singapore generally had a good year in 1961 with most reporting doubledigit growth in gross income and gross billings. A compilation of the revenue of 15 large to small firms here
      787 words
    • Article
      Manager's role in staff motivation
      336 3 MANAGEMENT cannot really motivate employees but It can help workers to motivate themselves. This is because motivation results from an inner urge within a person to do something, to accomplish a task, to reach a goal. At most, managers can provide a climate which will
      336 words
    • Article
      Paris seminar well received
      125 3 A JOINT seminar organised by the Economic Development Board and Banque de I'lndochines et de Suez in Paris last week had been well received, said an EDB spokesman. The one-day seminar to inform French businessmen and industrialists of Singapore's trade and investment potential attracted about 70
      125 words
    • Article
      Australian food fair
      61 3 THE Australian Trade Commissioner's Office in Singapore is organising a 17-day Australian Food Festival from May 14 to 30. Qantas, TAA, Continental Motors, Australian Honey Board and Austra- lian Apple and Pear Corporation are some of the sponsors of the event. Three Singapore supermarkets NTUC Welcome, Fitzpatrick's
      61 words
    • Article
      MEMO PAD
      680 3 SEMINARS AND COURSES March 6-May 22 (Saturdays): BASIC programming for Beginners, Waterloo Centre, Department of Extramural Studies, NUS April 1-May 27 (Mondays and Thursdays): Computer Data Processing for Managerial Personnel, Cuppage Centre, NPB April 2-May 28 (Tuesdays and Fridays): Computer Evaluation and Selection, Cuppage Centre, NPB April 2-June
      680 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      98 3 Effective Tl May 1982 Savings Account Autosave per annum 9 Fixed Deposits Automatic renewal is available. Minimum Deposit for 1 month is $5000, and for 3,6,9 12 months, $1000. f DBS Prime 10 V 2% pirennum Heed Office; DBS Budding, Shenton Way, Singapore 0106. Tel: *****11. Brand**. Ang Mo Kio:
      98 words
    • Advertisement
      Page 3 Advertisements Column 2
      236 3 Avoid your next, rent review Despite a universally held view to the contrary, the property market's short-term fluctuations can sometimes work to the benefit of international companies. The current economic climate in Singapore has produced a situation where the purchase price of office space is static while rents continue to
      236 words
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  • OVERSEAS
    • Article
      Lock icon West to give priority to easing inflation
      435 4 Reuter UPI GOVERNMENT ministers from leading Western nations have decided that efforts to ease inflation should remain their prime economic priority, but they signalled approval for less restrictive policies in the more prosperous countries. Finance and trade ministers from the 24 members of
      Reuter; UPI  -  435 words
    • Article
      Lock icon Consequences of recession
      314 4 Reuter TOO many countries who are unable to adapt to the consequences of recession have shifted the cost to trading partners. US Commerce Secretary Malcolm Baldrige told the annual OECD council in Paris yesterday that gradual removal of tariff barriers brought out new, distorting and restrictive trade
      Reuter  -  314 words
    • Article
      Lock icon Plans of EEC steel mills to cut output inadequate
      223 4 Reuter EEC Cemmlaaleaer Karl Helms Nwjet yeiteriay said piaas by EEC steel firms m ratraetirlig predaetlea will lead, except la a few cases, te a totally lasafflcleat redactlea la earreat cemmoalty steel capacity. He teM members at the West Germaa Iron
      Reuter  -  223 words
    • Article
      Goodrich may get first payment from Iran account
      247 4 BF GOODRICH Co said it may receive the first payment from a US$l billion security account set up last year to fund a tribunal judging claims between the US and Iran. In a telephone interview from Akron, Ohio, a company spokesman said
      247 words
    • Article
      Lock icon Mobil to stop refining oil at Dutch plant
      179 4 Reuter MOBIL Corporation said it intends to cease oil refining at its Amsterdam plant, its only refinery in the Benelux area, because of losses due to falling demand for oil products. A statement from its Dutch subsidiary. Mobil Oil BV, said losses
      Reuter  -  179 words
    • Article
      Lock icon US dairy farmers unhappy over imports
      206 4 AP NEW Zealand and European nations shipping dairy products to the US are depriving US farmers of about 2.7 cents on every dollar they get for milk. The competition is making US dairy farmers unhappy with Common Market nations, and particularly New Zealand, which
      AP  -  206 words
    • Article
      Lock icon PAN AM EXPECTS THIRD QUARTER PROFIT
      149 4 Reuter PAN AMERICAN World Airways expects to make operating profit for June or July and for the third quarter. Chairman Edward Acker said before the annual meeting the company is unlikely to make an operating profit for the full year. Pan Am last year
      Reuter  -  149 words
    • Article
      Lock icon Malaysian tin dredges likely to be hard hit
      389 4 Reuter MALAYSIA'S dredging sector is expected to be the hardest hit by the International Tin Council's recent restrictions on export controls. Under the export control ruling, which was generally welcome by the Malaysian tin industry, Malaysia has to reduce its exports by
      Reuter  -  389 words
    • Article
      Lock icon Electric car is going nowhere
      128 4 AP THE founder of Honda Motor says the electric car is going nowhere and petrol will probably still fuel the motorcar of 1999. Soichiro Honda, founder of the Japanese motor company which bears his name, attended a symposium on society and technology at Ohio State
      AP  -  128 words
    • Article
      Lock icon Scheme to keep Harvester truck plant running
      204 4 NYT INTERNATIONAL Harvester, the financially troubled US farm and construction equipment manufacturer, has disclosed that the city of Fort Wayne, Indiana had offered a US$2O million financial incentive plan in an effort in keep that city's Harvester truck manufacturing plant open. The plan
      NYT  -  204 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      802 4 ARRIVALS Service Local Operator Number Tine Frou MAS MH15A 0020 KUL PAA PA005 0145 JFK/SFO/HKG SIA SQ41 0705 MAA S1A SQ101 0005 KUL MAS MH671 0920 KUL MAS MH680 0955 KCH RBA BI421 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030 HLP CAL CI814 1030 HLP
      802 words
    • Article
      Lock icon US-Asia Institute loan scheme attractive
      266 5 AP APPLICATIONS are pouring in from Americans to the US-Asia Institute for a share of US$lO billion in loans being sought from Japanese businessmen to help US economic recovery. An official in Washington yesterday said the idea of loans from Japanese businesses to help their
      AP  -  266 words
    • Article
      Lock icon Fundamental changes in Japanese industry
      460 5 Reuter Kyodo JAPAN'S industry will undergo fundamental changes with steel and other raw material related sectors being replaced as pace-setters of its economic growth in the next two decades by high technology industries, an official panel said in a report. New leading roles in sustaining
      Reuter; Kyodo  -  460 words
    • Article
      Lock icon House leaders reject Senate budget plan
      382 5 NYT HOUSE Republican leaders have rejected the Senate Republican budget plan endorsed by President Reagan and the Senate Budget Committee, objecting to proposed changes in the social security system as well as a major tax increase in a recession. They specifically objected to the
      NYT  -  382 words
    • WORLD IN BRIEF
      • Article
        GERMAN JOB PROGRAMME
        501 5 THE West German government resolved to maintain its policy of pressing for an early rise in value-added tax to finance a 12.5 billion Deutschemark job programme, government spokesman Lothar Ruehl said. Its decision came at a meeting on Tuesday chaired by Chancellor Helmut Schmidt and attended by
        501 words
    • Article
      Lock icon PROPOSAL FOR ASEAN FREE TRADE
      119 5 UPI THE Philippines will propose a free trade agreement among the five Asean nations, scheduled to hold economic talks in Manila on May 20-22. Trade and Industry Minister Roberto Ongpin said the free trade proposal was aimed at removing all tariff duties on products exchanged
      UPI  -  119 words
    • Article
      Lock icon Opec expected to maintain US$34 reference price
      371 5 Reuter WESTERN oil companies believe pressure from the oil glut has eased enough in recent weeks to mean Opec will decide to maintain its US$34 a barrel reference price for Arabian light crude when it meets in Quito, Ecuador, next week. But industry
      Reuter  -  371 words
    • Article
      Lock icon Seoul bankers resign following loan scandal
      297 5 AP THE presidents of two government-controlled banks in Seoul have resigned in connection with a loan scandal involving former Korean Central Intelligence Agency deputy director Lee Chol-Hui and his wife. Lim Jae-Soo, president of Cho-Heung Bank, and Kong Duk-Jong, head of the Commercial Bank
      AP  -  297 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      162 4 Morning, Noon Night \bur choice of 3 (Ml ir flights to Bangkok International. 4 Our early Thai International ■ers you the choice of '3 superb flights from Singapore to Bangkok, everyday. iriy mornmgflreaktast Might ves at 8.30 fm? giving you a full day ahe&d in Bangkok. Wu *,1^ io <¥
      162 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      49 5 SAVINGS ACCOUNTS: Deposit and withdrawal at any of our 53 branches. 8 p.a FIXED DEPOSITS: Q%% p.a for 1. 3. 6 9 months 8%% for 12 months p.a PRIME RATE: 10%% PEFFECTIVE 12th MAY, 1982 UNITED OVERSEAS BANK CHUNG KHIAW BANK LEE WAH BANK Singapore t higgru banking group
      49 words
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      Page 5 Advertisements Column 2
      230 5 very tender, very rare a. testonr IOIOGMA iIAHA There was a time when there were no machines and man was the supreme artisan. His hands the tools of ingenuity. Testoni perpetuate the art of such craftsmanship. Each piece of leather hand-cured and metamorphosed into a collection of exquisite shoes, belts,
      230 words
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  • Article
    Wider scope for finance
    267 6 THE Monetary Authority of Singapore's decision to allow finance companies to include negotiable certificates of deposit, floating rate certificates of deposit and commercial bills of exchange among their liquid assets is a step which will further the Republic's development as a financial centre. It is a
    267 words
  • Article
    Hotels scheme needs caution
    287 6 "STATISTICS are like a bikini," somebody once said. "What they reveal is less interesting than what they conceal." Certainly, statistics must be treated with care. They can be solid building blocks with which to buttress arguments but they can sometimes conceal special factors. A case in
    287 words
  • Article, Illustration
    Lock icon EEC set to boost output and sales of foodstuffs
    1181 6  -  It's not worried about 'food dumping' criticism By PHILIP STEPHENS Reuter UNMOVED by mounting international criticism of its agricultural trade policies, the European Common Market looks set to boost its production and subsidised exports of key foodstuffs in the next few
    Reuter  -  1,181 words
  • Article
    Youths leaving NY for the sunny south
    612 6  -  By IAN STEELE THIS big daddy of cities with its most of everything is turning a very fashionable shade of grey. The baby boom generation of the '40s is approaching its prime, with high income and expenditures, and the kids are moving out
    612 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      663 6 I -IN-ONE CROSSWORD i CRYPTIC PUZZLE ACROSS 1 That given to the troops? (5) 6 Condition causing a funny taste (5) 9 Heavenly arrangement of colours (7) 10 Not much cereal? (5) 11 Do bishops wear it Jointly? (5) 12 For her, the male goes to some lengths (5) 13
      663 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      324 6 The remarkable typecorder regrammahte elee- Mf (Ck I, «J9). Alee tea- patrtettem aad t»wi t> theee ypewrtlcr rittlag la tared la the TGV, the tlmee. The pngnaae re«li werth hragglag Preach mnlw «f the Japa- veale a wuitMai pitrnlH ratt till yea eee what aese "ballet traia". The betweea the
      324 words
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  • Article, Illustration
    Lock icon Germans launch export offensive
    959 7  -  Domestic recession and the sudden Japanese onslaught on the West German market have shocked West Germany's car manufacturers into launching an aggressive export drive. The German car industry's ambitious programme to modernise and streamline production and to develop new model ranges appears to be paying dividends.
    FT  -  959 words
  • Article
    Lock icon A battle against black marketeers
    636 7  -  By MARILYN ODCHIMAR Reuter THE Philippines government is dangling a carrot and wielding a stick in a battle against black marketeers who it says are bleeding the economy of millions of dollars each month in foreign exchange. The Philippines had a balance of payments deficit
    Reuter  -  636 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      179 7 INVEST WITH US IN THE srrmre SUNBELT A wave of prosperity, from sea to shining sea. The sunny southland of the United States is booming, from Florida to Texas, Arizona to California. We ean vouch for that. With offices in Houston, Phoenix and Los Angeles, were headquartered in Dallas, Texas,
      179 words
    • Advertisement
      Page 7 Advertisements Column 2
      549 7 &Lybrand Associates provides comprehensive range of management consultancy services aimad at helping clients increase the effectiveness and profitability of their organisation. These services include Corporate Development, Organisation Pfenning, Financial Control and Management Information Systems, Investment Pfenning end Appraisal, Electronic Data Processing, Executive Selection, Marketing and Economic Studies. We have been
      549 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        234 8 MAY 11 Fta CORBEILLE Atr-Liquid* B 8 N Oemli Danon* CIF (ThomaonCsf> Cle Francaiee dee Petrolea 487 1530 1T3J0 ♦1 -15 136 ao -0M Compa<nie Financier* Compafnle Oenerale Credit FoncVer Da France Ml 03 Hachette (Ubralrle) Machines Bull CO a.io •t -04 Mlchelln (B) 79C -a Pari baa Pechlney
        234 words
      • Article
        Brussels
        82 8 MAT 11 m FORWARD MARKET Act m ArtMd 13M Aatur 436 Braacan n Bru-Lamb 1310 10 nnptf Coef 1094 1M 36 -t Da Been 210 uneh EMi -•"> Elactrobe) 000 36 Ob-Inno-Bm 2300 •196 oa« 1730 -m Hobo* 3300 unch Palro 4706 15 Ryl Dutch 1725 10 Btdft) 1308
        82 words
      • Article
        Frankfurt
        190 8 1CAT 11 D«n A«c-Telefunk«n ***** Akao All! Ubfn 1*1000 40 A1U Vm 475 00 -1 BASF 132QOB Bay H T Wbank ***** Bay Vbank 779 00 ♦1 1X2.10 01 BBC 106-50 +1 *u* 200 90 50 CUHlIt ***** -7.1 Che in Vent ***** -1.4 CODimtnlitnt I4SJ0 1J Conll Oumml
        190 words
      • Article
        Zurich
        151 8 MAT 11 rr*nci Acttoo* Sjl—ll Aluaulaat tUf Brown Bo««n Br. Cite Oalfj Br Cite CMo P C mi 4M 1M WIS 1M6 1015 unci) -4 -M 15 -i Cite Oalfj Raf Credit Bute Br Wl 1746 1J Credit Sum* Raf BaktrowaU Br. so BOD 5 Ocorgv Placter Br ommu
        151 words
      • Article
        Amsterdam
        162 8 MAT 11 ru ABN ***** -2-5 Ahold 11 JO -1J Akao 40 -0.3 AMKY MOO -1J Amfu n oob Amrobnk MJO -0 5 RtT" HI sjo -OJ Boll 58.30 0J BorsumU ruo -05 Burtunann 45J0 0J CaUfid JS.00 0-2 CaJv* Delft 214-30 -1.7 Dell MU 84-30 unci) Ennla 1X00
        162 words
      • Article
        Milan
        72 8 MAT II Un iao -a Ccntrml* Ort Coat Acqua Horn* OK 11* 4 -4 rm CM OXMfSlI 1714 lJTJOC ♦14 WO Ota in pm 212 -JO invwt sac -25 lUkMMOU CM ItolBM M130 +130 n« -4 moo -MM MOO isaoo MM llOJK uncb -115 OUvattl CM PMU1 And C
        72 words
      • Article
        TORONTO
        134 8 MAY II CI AMUM 1SH Alean M* Alfoma SI Bulk Mont Bulk Nova Scotia 2- Slit Bell Td W* B*Ul Corp BP Can Ltd JOH Braacan IT* Camp Dad Lake 14 Can lap Bk B Canpar Cannae In* Pf CarUnc OXhIi Tft Coalnco S»* Cons Ball) 14* Cocu Martwnor
        134 words
      • Article
        JOHANNESBURG
        260 8 MAT 11 Rand INDU8TK1AL8 A Alpha an unch Abarcom S10 unch AX And CI A MIC 106 aw uncb Bartow* «B J Ca Sugar uao unch C*A wo unch uvni nnanca a -3 Da Baan Ind Mron 14S Bvaraad* Pad Volt m unch ru«t at Oardlaxi Oicnanl Oratamn n»
        260 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      730 8 See Page 9 for New York prices and Page 11 for Aaian stocks. Where to wine, dine and entertain r > -T-T.-with the American Express Card Singapore Dsigtfr BuraDiwr Our bu/jfe/ dinner special for those who love the perennial local favourites. Baffet from 6.30 ptn 10.30 pm Satay Chicken Rice
      730 words
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      Page 8 Advertisements Column 2
      199 8 This it Thai Seafood at its authentic best So trash, it could hava bean alive 15 minutes before coming to yo jr table It was An enormous variety ot succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant Ox ley Risft/Penang Road. Singapore 0923 T#l *****11
      199 words
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  • RAW MATERIALS
    • Article
      Produce exchange
      177 9 CHINESE Pradaee Exehaage, Slagapare, mm elaalag price» per IN kg yesterday. Caeanat «U: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. Capra: Mixed (loose) $50.00 buyers. Pepper: Muntok white pepper fob Asta NLW $365.00 sellers, Sarawak white pepper
      177 words
    • Article
      TEXTILES
      196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yam: China Blue Phoenix 20s 2,410; 32s 2,930, 40s 3,120 (per bale of 400 lbs). Pleee gaada: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs uaq; Flower and Butterfly
      196 words
    • Article
      RICE
      321 9 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.10, 100 per cent second r 0.92, 100 per cent third 0.88, 25 per cent new crop no stock, B-10 per cent 0.81. Thai BROKEN: A-super 0 Special 0.58. .THAI
      321 words
    • Article
      Straits Tin
      69 9 THE BTB AITS tin price in Peuag yesterday remained at Ms2t.4f a kiln for eight censecntlve days, within the IT A tower sector of $21.18 and The steadiness reflected the buffer stock manager's continued Strang snpport at this level, aided by Ught scattered tocal and overseas Interest. Tnrnnver
      69 words
    • Article
      CLOSING PRICES
      32 9 Rubber; May 12 Singapore: June: 181.50 cents (up 1.00 cent) Malaysia: June: 204.75 cents (up 0.25 cent) Tin: M 529.40 per kilo (unchanged) Official offering: 290 tonnes (down 30 tonnes)
      32 words
    • Article
      SOYBEAN
      70 9 SOYBEAN futures in Chicago on Tuesday closed oo a firm note, up 6V* to 10 cents per bushel in improved trade. Soybean product futures closed higher on a steady note in improved volume trade. Soybean meal futures settled $1.40 to |2.50 a ton higher. An uncertain tone in the
      70 words
    • Article
      WHEAT
      121 9 MOST wheat futures contracts in Chicago on Tuesaay closed higher, ranging from fractionally lower in July to 1V« cents per bushel higher in May. After opening higher on larger than expected weekly export and USDA wheat crop reports, steady selling in July by the Large Professional House pushed nearbys
      121 words
    • Article
      LONDON MARKETS
      494 9 COFFEE: Robusta futures were easier yesterday at midday, between £6 and £9 a tonne below Tuesday's close in traded positions. Dealers said the market opened as expected, slightly easier on stronger sterling against the dollar, before drifting down on some scattered selling from floor brokers. Trading was thin
      494 words
    • Article
      PALM OIL
      118 9 THE Kuala Lumpur crude palm oil market yesterday closed higher on light covering support in quiet trading, dealers said. In May south rose M 51.50 to 1949 a tonne and central up II to |963 while June in the south firmed $2.50 and central was unchanged at $947.50
      118 words
    • Article
      RUBBER
      282 9 RUBBER prices in Singapore yesterday closed slightly higher with June One RSS buyers quoted at 181.50 cents per kilo, up one cent from Tuesday's clone, dealers said. Morning prices were marked up slightly on covering interest and speculative buying after an unchanged opening, they said. Afternoon prices lost some
      282 words
    • Article
      RAS PRICES
      311 9 RAS prices in cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 180 50 181 SON Int. 1 R S S June 181 50 182.00 Int. 1 RS.S July 184 00 184.50 Int. 2 R.S.S. 173.00 175.00N UK/Coot 173.00 174.0*1 Int. 3 R.S.S.
      311 words
    • Article
      SSR and SMR
      105 9 NOON 881 R awl SMR p ne« ym* lardajr <roJ£ Barer* S« 180 40 1S840 BAB SSR 20 SSR40 <1 ton (ltoo paliat) pallat) Jmm (Cimii Bajrara f 158 SO 157 40 *MU) lallar* 180 SON 1MJ0N Mtk) iltora 181 JON 188 JON MRRLB Jim Jmtr SMRCV
      105 words
    • Article
      NEW YORK STOCKS
      797 9 A STRONG rally in the energy sector led the New York market higher and stock prices cloaed Tuesday with moderate gains. The Dow Jones industrial average finished with a gain of almost five points at 865.87. The average started the day lower and then climbed as much
      797 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      19 9 restaurant e^> Try our sumptuous delicacies from the Hunan Province. Renovated additional new car park now ready for use
      19 words
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      Page 9 Advertisements Column 2
      60 9 1 V < > c? V V> V i 3 I I I r §F fv< V-% V Tfw Hunt, 1982 ~V" r ti < h •t I t ■•r* V 1 Ml the tuneless rituals of the table, updated uiqfttlij. MMfis ■ssm 2)vwc tntematona I As»a /Pacific The so?ncpfacc
      60 words
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  • Article
    BUSINESS DONE ON THE SES
    1755 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acat (2.6T8) Allied Choc (2.038) (2)
    1,755 words
  • Article
    Unit trusts
    197 10 HNGAFOSE UNIT TOOT (MbhiW prfcM tar May IS) The Commerce 3 08 3.34 The Savings Fund 172 1.81 S pore Prog Fund 134 1.41 S pore Sec Fund 104 2 14 S pore Invest Fund 1.12 1.17 S pore Equity Fund 1.29 1.36 AHA UNIT TBU8T frtew M
    197 words
  • Article
    SHARE INFORMATION SERVICE
    2986 10 Gr*s Gr>* Net 1982 Last Div Div Yld P/E Vol Day High Low Company Sale or- C*vr COOO) High Low 8ECTION ONE INDUSTRIAL COMMERCIAL 306 247. Aetna 284 14.5 3.2 5.4 9.4 Alcom 115 3.7 0.5 32 1045 233 172 Allied Choc 203 4-3 7.0 2.0 3.4
    2,986 words
  • ASIAN STOCKS
    • Article
      Sydney
      367 10 SHARE prices in Sydney yesterday rose for the fourth day as local investors responded to a growing belief that interest rates are over their worst, brokers said. At the close, the AllOrdinaries index was 8.9 higher at 525.3 and the industrial measure firmed 6.3 to 672.5. The resource indicator
      367 words
    • Article
      Market closes firmer
      317 10 HONGKONG STOCKS IN Hongkong yesterday closed firmer supported by renewed bargain hunting towards the close in fairly active trading, brokers said. Prices eased in the morning on profittaking despite a higher Wall Street closing. The Hang Seng index closed up 6.09 points at 1,387.35 after being down
      317 words
    • Article
      Tokyo shares quietly mixed
      421 10 SHARE prices in Tokyo yesterday closed narrowly mixed, with uncertainty prevailing after opening higher on the strength of a firmer yen and the overnight gains on Wall Street, dealers said. The market average rose 1.66 to close at 7,539.78, but the Tokyo stock exchange index shed
      421 words
    • Article
      Manila
      68 10 THE Manila market yesterday closed mixed as the commercials/industrial sector firmed while minings and oils were easier, dealers said. r jr,i J WWwBBBBBI -rjg.'w CDCP l.« unch LaadoU oriental B D9 Phil Owau C* -OjOOI Phllcx A Phllt* B 13B +MMS PLDT Mil SI 15 unch Podco B oos
      68 words
    • Article
      Bangkok
      101 10 SHARE prices in Bangkok yesterday again closed mixed with loses and gains about equal in quiet trading as turnover remained low, dealers said. The Book Club index rose 0.18 point to 91.96 on a turnover of 5.4 million baht. MAT U Asia fibre Bahts 114 -4 hi *Jm «2
      101 words
  • Article
    Late rally lifts prices on a broad front
    945 10 THE stock market eaee tgali itoged a rally <uta| Ike rlwh| mameate el tn4li( yesterday, Hftlag prices higher sa a fairly knai treat. 1W Straits Time* lad astrial ladex eeatlaaed Its steady rise, l.iS psiats to etaae at TMS, la active tradlag.
    945 words
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  • COMPANY NEWS
    • Article
      Prospects of upturn in Boustead's profits dim
      784 11 AS A recovery in the worldwide recession in commodity prices is not yet in sight, Boustead Holdings "does not view the prospects for 1982 with particular optimism". Its new chairman, Raja Muhammed Alias, said in the company's annual statement that any recovery is
      784 words
    • Article
      MBF to boost finance arm
      543 11 MBF HOLDINGS will continue to strengthen its finance division and accelerate its property developments. This was stated by the group's chairman Tunku Abdullah Ibni Alarhum Tuanku Abdul Rahman in the company's latest annual review. He said the proposed listing of MBF shares (the finance subsidiary),
      543 words
    • Article
      Ganda Holdings succeeds in warding off M$4.18m claim
      479 11 AFTER nearly four years of legal tussle, Ganda Holdings Bhd (previously Central Securities) has successfully warded off a M 54.186 million claim against it by Johore businessman Haji Haron bin Zaid. Ganda, in a dispatch to the Kuala Lumpur Stock Exchange, said
      479 words
    • Article
      London to relax rules
      131 11 THE London Stock Exchange has approved plans to allow brokers and jobbers to raise a greater proportion of their capital from outside investors. An exchange spokesman said the proposal raises the maximum stake held by any single outsider in an exchange member incorporated as a limited
      131 words
    • In Hongkong...
      • Article
        GENERAL Oriental Ltd
        141 11 has set up a US company which plans a bid (or outstanding stock of Diamond International Inc. It said its associate Generate Occidental SA of France will participate in the capital of the new company, which has agreed to acquire Generale Occidentale's existing holding of Diamond International
        141 words
      • Article
        HUTCHISON Whampoa Limited
        86 11 accumulated net profits after tax of HK$l39 million in 1981, up 92 per cent over the previous year. Dividends per ordinary share also rose from six cents per share to seven cents, or 25 per cent higher, and return on ordinary shareholder's funds rose by 82 per
        86 words
      • Article
        FIRST Pacific Holdings Ltd
        108 11 will raise about HK564.3 million through a three-for-one rights issue involving the issue of 12.86 million new $5 shares. First Pacific alsto announced that agreement has been reached to acquire from a group of investors, the Liem investors, of 41.39 million $1.00 shares in First Pacific
        108 words
    • Article, Illustration
      MUI expects units to improve earnings
      732 11 MALAYAN United Industries (MUI). which has just announced a merger with Development and Commercial Bank and Kowng Lee Bank, expects its various companies to continue to show further improvements in the current year. MUI chairman Tan Sri Datuk Haji Mohamed Noah says in his
      732 words
    • Article
      DIVIDENDS ANNOUNCED
      738 11 Carreat Ex Beeks Date TeteJ far Teteller PajaMat Date Qeee Payakte Ike year Prevteae AJwarti 20% Apr 23 May 5 May 19 20% 20% Ale* 24% May 6 May 18 Jun 10 5% 4.8%<a) AmhesBsiw 74%<b) Apr 28 May 5 May 18 7*% 74% Apelte BAT 5% May
      738 words
    • Article
      SCRIP ISSUES
      205 11 Cwnpuy Parttealara Ex Date Bsshi Clsse KGHMp Proposed bonus issue Malaya wata of 4 for 5 NYA NYA Proposed rights issue of 1 for 2 fe fl 40 per share NYA NYA NktmUU Proposed bonus issue OlympU of 1 for 2 NYA NYA Proposed rights issue of 1
      205 words
  • Article
    Austral aims to sustain agricultural expansion
    378 11 AUSTRAL Enterprises continues to look to "sustained growth and long-term agricultural expansion" as a major objective of the group. Chairman Tan Sri Datuk Haji Mohamed Sany bin Haji Abdul Ghaffar, however, notes in his latest annual statement that "further realisation of this objective" may
    378 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      83 11 The Republic of Costa Rica U. 5.520.000.000 Floating Rate Notes due 18th November, 1985 In accordance with the provisions of the Notes, notice is hereby given that for six month Interest Period from 13th May, 1982 to 15th November, 1982 the Notes will carry an Interest Rate of 15 5/16%
      83 words
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      Page 11 Advertisements Column 2
      314 11 KECK SENG (MALAYSIA) BERHAD (Incorporated in Malaysia) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of the members of Keck Seng (Malaysia) Berhad will be held at Conference Room of Tropical Inn, 16th Floor, Johore Tower, Jalan Greja, Johore Bahru on Tuesday, Bth
      314 words
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  • Ghief Price Changes
    • Article, Illustration
      SINGAPORE
      212 12 Rises Island A Pen 830 45 Public Textile 225 28 Veneer Prod 239 26 Metro Hide* 790 20 S P K S«ntosa 213 19 Paramount 406 18 Tat Lee Bank 640 15 Tranamarco 205 13 G I Hides 420 12 Hytex 139 12 BAT 292 11 O U E
      212 words
    • Article
      Selected indices
      52 12 FINANCIAL TIMES Wednesday 1387.35 INDUSTRIALS Tuesday 1381.26 Week Ago 1316 20 Tuesday 585.1 Monday 590.5 Week Ago 584.2 AUSTRALIAN INDUSTRIALS DOW JONES AVERAGE Wednesday 672.5 Tuesday 666.3 Week Ago 652.0 INDUSTRIALS Tuesday 865.81 ALL ORDINARIES Monday 860.92 Week Ago 854 45 Wednesday 525.3 H.K.HANG SENG Tuesday 516.4 Week
      52 words
  • Article
    Ming Court pre-tax earnings up 23.3pc
    280 12 MING Coart Hetcl CMiiiMd U benefit (rem lm«t year's kityiat toorlst Industry, bet It forsees a mere difficult ttme fer the rest e( tbe year. Altbeegb the drep la the Bomber eC visitor* to Stager pere dee to the earreat worldwide recession has caased
    280 words
  • Article
    Shangri-La dividend
    71 12 SHANGRI-L» Hetel has rectmmeaded a Anal dividend ef 19 eeato per «hare leas 49 per eeat laeeme tax fer the year eaded Dee SI, 1181. With aa Interim dividend ef U eeat*, the total dividend fer 1981 Is 11.5 eeato per ahare. lie beaks ef the eempaay will
    71 words
  • Article
    LONDON STOCKS
    794 12 LONDON, Wed. The market opened higher today after yesterday's pause with oils and banks leading the upward trend, dealers said. In banks, Lloyds added 8p to 406 and the other clearers gained 5p or 6p. BP, Lasmo, Shell and Ultramar were up between 5p and 7p while Burmah,
    794 words
  • Article
    Lock icon DOW JONES HIGHER
    95 12 AP NEW YORK, Wed. Stocks opened mostly higher today, extending the upturn of the previous session. Electronic, steel and chemical issues were numerous among the early gainers. The Dow Jones was up 3.90 points at 869.77 after 30 minutes of trading. Gainers jumped out to nearly a
    AP  -  95 words
  • Article
    Higher profits for Goodwood
    313 12  -  mmm Companies Editor: Mano Sabnani By CHOO AI LENG THE Goodwood group continued to achieve higher profits for the interim period ended March 31 in spite of the loss of contributions from Ming Court Hotel. Goodwood Park Hotel yesterday announced a 21.1 per cent increase in
    313 words
  • Article
    C Sugars' timely move
    413 12 CENTRAL Sugars' diversification into trading and cement manufacturing appears to have been welltimed. It has provided the group with a strong source of earnings which has more than offset the decline in profits from its traditional sugar operations. Earnings from its sugar manufacturing division last year
    413 words
  • Article
    National Iron optimistic of current year's performance
    484 12  -  By SIOW LI SEN NATIONAL Iron and Steel Mills, which recorded a 23 per cent drop in group earnings last year, is optimistic that its performance for 1962 will improve. Chairman George Bogaars has given no indication as to the extent of the
    484 words
  • Article
    UOF acts to diversify its loan portfolio
    303 12 UNITED Overseas Finance, the finance arm of the UOB group, is diversifying its loan portfolio in anticipation of the continued slowdown in the property market. Housing loans, which accounted for over 90 per cent of its total loan portfolio, will be trimmed to
    303 words
  • Article
    Interesting Sim Lim
    842 12 m*)®!L by HOCK LOCK SIEW KEEN interest in the shares of Sim Lim Investments lately appears to have been caused by renewed speculation about a change of ownership in the group. There are different versions to this rumour but all seem to agree that, whatever takes place,
    842 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      64 12 SWISS CLUB PARK BUNGALOWS 8 units only Freehold Land Exclusive Residential District Immediate Occupation Developer: SWISS CLUB PARK (PTE) LTD (wholly owned subsidiary of DBS Land Limited) For Enquiries and Bookings (Principals Only) Tel: *****13 Viewing By Appointment Only Developer s licence No 3449 Advertisement Permit 0832 Tenure of and
      64 words
    • Advertisement
      Page 12 Advertisements Column 2
      113 12 5 FUGHTS DAIDf Fight Ate Departure 0A961 830 am 6A963 12.00pm GA96S 3.00pm GA9B9 4.30pm GA967 630pm Garuda flies you 5 times a day to Jakarta With connections to Bah and other GARUDA destinations in Indonesia. We'll let you there in luxury comfort and style matched only W by the
      113 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      67 12 OUTLOOK for Singapore today: Partly cloudy except for showers in a few areas in the late morning and early afternoon. Report for 24 hoars prior to 7Jt pm on May 12 at the airport: Maximum temperature 32.9 Associated humidity 64 Minimum temperature 25.3 Associated humidity 91 Hours of sunshine 9.80
      67 words
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  • SHIPPING TIMES
    • Article
      Sattahip port cargo handling operations in the red
      308 13 THE Sattahip Commercial Port has reported a loss of about 2.58 million baht in its cargo-handling operations during the first half of the 1981-82 fiscal year beginning last October, an informed source in the Thai Communications Ministry said. He said the loss
      308 words
    • Article, Illustration
      Call for shipping ventures with developing nations
      478 13  -  By JUNE LIM SHIPPING companies of developed countries should invest in developing countries in order to bring about a more equitable ownership of the world's merchant fleet. This should take the form of a joint venture company in which the two parties have
      478 words
    • PORTSIDES
      • Article
        Lock icon Call for British dock strike
        79 13 Reuter LEADERS of Britain's 24,000 dock workers have called for a 24-hour national strike on June 10, a Transport and General Workers Union (TGWU) official said. The strike, which could halt cargo-handling at British ports, has been called in support of the Trades Union Congress
        Reuter  -  79 words
      • Article
        Lock icon Indonesian decree
        87 13 AFP THE INDONESIAN government has decreed that government exports and imports are reserved for carriage by Indonesian shipping companies only. The presidential decree issued last April 12 and published on on Tuesday states that the exclusive transportation right applies to exports and imports by state enterprises, government imports
        AFP  -  87 words
    • Article
      INDEX TO ADVERTISERS
      651 13 Shipping Uw Page C*l Shipping Llae Prnge CM Achipelego Shpg vra 1 Everett Orient IV Aim vm 1 Evergreen IV All trans vn 4 Fesco vn Alpac VI 5 Flotta Lauro V Angonave DC 5 Franco- Be Ig m Anlara Shpg V J FrataNVOC VI A PC
      651 words
    • Article
      PORT CONDITIONS
      945 14 ALGERIA Algiers End April. Berthing delays of about 8-10 days. ANGOLA Luanda April 26. 3 vessels at anchor with 10-12 days delay. Lobito April 26. 2 vessels anchored with 8-10 days delay. ARGENTINA Owing to the dispute concerning the Falkland Islands, members in Buenos Aires have decided to
      945 words
    • Article
      LONDON FREIGHTS
      1549 14 CHINESE operators showed interest in securing sugar on Tuesday from Cuba and arranged two vessels at U5545.50 fio bMto north Cuba, while Australian sugar was arranged to China at $18.75. Meanwhile, two sugar cargoes were covered from the Dominican Republic to the US Gulf but no rates were
      1,549 words
    • Article, Illustration
      Lock icon Cruise ship owners worried about rivals
      462 14 Reuter THE OWNERS of three luxury cruise ships taken over by the British navy for use in the South Atlantic task force are worried that their foreign rivals will use their absence to lure away potential passengers. After building up a lucrative trade in
      Reuter  -  462 words
    • Article
      U.S. SOFTENS STANCE ON CARGO PLAN
      545 14 PHILIPPINE maritime officials believe they have scored a tactical victory in persuading the US to soften its stand on the cargo sharing plan and possibly discuss it on a bilateral arrangement, although the plan might be postponed indefinitely on the request of the US.
      545 words
    • Article
      Aussie ship reporting system
      382 15 THE AUSTRALIAN Ship Reporting System (Ausrep) became mandatory for shipping this month in the Australian search and rescue (SAR) area, said the country's Minister for Transport, Ralph Hunt. Ausrep requires ships to send sailing plans, position reports and final reports through coast radio stations to the
      382 words
    • Article
      Former Sea-Land vessels modified
      202 15 THE FIRST three of the large, fast container ships bought by the US government from Sea-Land Services Inc have completed modifications costing US$l.2 million. The three container ships, Altair (ex Sea-Land Finance), the Denebola (ex Sea-Land Resource) and the Pollux (ex Sea-Land Market) are among the
      202 words
    • Article, Illustration
      ABS classifications reach new heights
      761 15 NEWBUILDING classification and contracts to class with the American Bureau of Shipping reached new heights last year. According to annual figures just released by ABS, the society classed 843 new vessels of 6.7 million deadweight tons or 3.9 million gross tons as well as 81
      761 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      5048 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
      5,048 words
    • Article
      Container Schedules
      587 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 Omex Pioneer 05/363 14.5.82 1200 United 49 1800-1900/1900-2000 TT Chev Paul 31W 14.5.82 0700 Optorg 49 1300-1400 TT Cardigan Bay 50/433 14.5.82 2100 Segani 49
      587 words
    • Article
      WHO ACTS FOR WHOM...
      1842 21 The leading shipping lines operating from local ports and their agents. A B Achlpelega 'SUM Singapore Shpg Agencies (S) Euro-Asia Line <PN KL PK) Adriatic (Mtilier Continental Feeders (S) Cargo Freight (PK). AFEA Singapore Shipping Agencies (S) Euro-Asia Line (PK PN). Afra-Earaala Uae Transgroup Pte Ltd
      1,842 words
    • Article, Illustration
      FEFC may need to be restructured
      705 22 FURTHER evidence of the growing belief that changes should be made in the structure of the Far Eastern Freight Conference has come from a departing member, Maersk Line. Outlining the company's plans to operate as an independent when it leaves the FEFC at the
      705 words
    • Article
      Container ship capacity exceeds demand by 20pc
      285 22 WORLD container ship capacity now exceeds demand by 20 per cent a position which will not disappear in the near future, according to the chairman of one of the world's largest container shipping companies. Sir Ronald Swayne, chairman of Overseas Container Limited, says
      285 words
    • Article
      Phillips to challenge penalty
      381 22 PHILLIPS Petroleum and six offshore contractors, fined almost three million kroner by the Norwegian authorities over the AlexanderL Kielland disaster, are to challenge the penalty in court. It will be the first time that a major legal challenge is mounted against Norway's tough work environment laws
      381 words
    • Article
      The Consortia
      203 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 (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line.
      203 words
    • Article
      SHIPS IN PORT
      595 22 KEPPEL WHARVES Bunga Tanjong 46 Leo Shpg alongside 13.5.82/2300 Dlny 25/6 Llan Soon alongside 13.5.82/0700 Equator III 22 Thong Soon alongside 13.5.82/0700 Frederick Lykes 38/9 Boustead alongside 13.5.82/2300 Orchid 19 CF Sharp alongside 13.5.82/1500 Perils 21E SSPL alongside 13.5.82/1500 Rainbow 23/4 Neptune alongside 13.5.82/0600 Straits Pride 20
      595 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      176 13 HEUNG-A SHIPPING KOREA FLAG VSLS Regular Liner Semi-Container Service To: P.Kelanf/Keekmc/Busan/lnchon Fm: Busan/H.Konj/Banfkok Td S pore: *****11 P.K. *****4, PN *****5 K.L. *****0 EL .1 \R 1) 1\ 1 A M\H Orient Overseas CotUwteA, Line FULLY CONTAROISED SERVICE TO EUROPE (VIA SUEZ) 3/6 8/6 17/6 22/6 26/6 1/7 6/7 CaHinf
      176 words
    • Advertisement
      Page 13 Advertisements Column 2
      401 13 iISEALORDU UNITED ARAB SHIPPING CO'SAG; EXPRESS MULTI-PURPOSE SERVICES iumi FULLY CONTAINERISED SERVICE Trrrrrr FCI 13/5 1200 MB I a 12/5 2154 UK Al MTTYMt 21 Dubai (25/5). Kuwait (27/5). tanmam (»/5). Abu Dhabi (31/5). Doha 2/6). Bahrain 4/6) Oubai (29/5). Damnum (30/5). Kuwait 1/6) Mm Dhabi 3/6). Doha 5/6) Bahrain
      401 words
    • Advertisement
      Page 13 Advertisements Column 3
      772 13 4>cnan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents UNIMCIFIC TRANS I DUO INC A6ENCT FTL LTV Tel: *****4 (5 lines) SINGAPORE 0 MAERSK LINE EXPORT FULL CONTAINER SERVICES Philadelphia M.I'VJf rrr^rv wttTrrTj*?! r*?r LUNA MAERSK LEXA MAERSK SWGAPORt CLOSMG TMKS CY 16th May
      772 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      871 14 mlimffi FAR EAST/EUROPE CONTAINER SERVICE Cmtmm Serwce To Eiwpt Feeder f Mm Vessel Spore 1) 2) Rd*" 3) Hburg 4) Gburg Feeder *P lei** Vessel Spore B. PENAGA 14/5 N CRYSTAL 18/5 8/6 10/6 From Egg 1) Gburg 2) Hburg 3) B»en 4) R"dam 5)_L« H P S -2"! B
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      Page 14 Advertisements Column 2
      215 14 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA ~f I Mm»| 22 n u/s »/5 *2 *>t\ 22/5 25/5 W 2/* */l 2/4 2/ 4/4 NtmM I P I** I I t*»to 1 I*— 21/4 *n **n 2/7 *4/7 *4/7 *7/7 *7/7 5/7 *1/7 1/7 5/7 24/7 17/7 It/7
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      Page 15 Advertisements Column 1
      688 15 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Porta and Bangkok > Senrico To/From Banffcofc A joint service of Ben Line, B6VI Ocean Blue Funnel, Glen Line endNSMO J OCL Overseas Containers Limited CONT AINERSHIP SERVICE TO UK CONTINENT Ite It Hi 13/ C 1V( 20/0 22/1
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      Page 15 Advertisements Column 2
      613 15 NOTICES rnr* Consignee* of all damaged cargoes ei the above captioned veaael are notified that the general aurvey will be held am Friday. 14th May. I*2 at Jurong Port Godowa no 1 from 10 00 am to 3:00 pen No further aurvey will be held. t»> «i> it: i« ifi
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      Page 16 Advertisements Column 1
      551 16 Ml Hapag-Lloyd 10 CONTWCNT UK Hewtoor Bay Sir Swvmr iarp Bay fraaAlw* Eipreu Liverpool Bay EXPORTS Slon Hborg 8 6 10/6 15/6 17/6 22/6 24/6 1/7 3/7 9/7 11/7 16/7 18/7 B haven Rdam Antwerp 12/6 13/6 19/6 20/6 26/6 27/6 5/7 6/7 13/7 14/7 70/7 21/7 Aho accepting transhipment
      551 words
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      Page 16 Advertisements Column 2
      386 16 KSI, m KOREA SHIPPING CORPORA 7ION S'PORf P. Kelang PENAN6 ALTAR 175W S»d In Port 16-17 May AN ALTAR 176 C Sid In Port 16-17 May TO BUSAN VEGA 173W 5-7 Jun« *-10 1012 W DARbHUK VE6A 174E 5-7 June Ame 10*12 June TO BUSAN use use use use use
      386 words
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      Page 16 Advertisements Column 3
      648 16 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCEPTPG Fa ft LCI CARGO FOR: rut id wc m hm mm ihv Ef« lurtT 17/5 2»/5 S/f lt/i 12/» 14/t 15/4 (Ml Wjl »/i u/t lt/1 »/t 22/J 23/* Itm UfM 2/4 3/( 13/t 74/t 28/ i 30/» 1/7 also *ccffiw6 ia/fa t
      648 words
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      Page 16 Advertisements Column 4
      831 16 Everett Lines m .1 UJIiU m F'l Mil HTOtf TWA IS/17 kbT M M N/22 Iter PA6AM 2»/31 *»> B F SS C Agents n Moloyvo BOUSTEAD SHPP«MG TEL NOS KL *****4/*****7—PKELANG *****1/8 PENANG *****1/8 CampiiM* A/f*ntin« 0« He»woe« imereammomal S*t'f "ARGENTINE NATIONAL LINE" LOAOMG FOR DURBAN MONTEVDEO BUENOS AJRES
      831 words
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      Page 16 Advertisements Column 5
      355 16 SI NOSE MARITIME PTE LTD SANKYO LINE JAPAN/STRAITS SERVICE OASIS SUNT PACfIC QUA AIA KAIA PAZ ESTRELIA SEA ROOM MDIMNAJ SAMT SENT ARUM TAJSHO MARU OCEAN RESOURCES TBN SUNUFE kuu* itamat mi KEIMK ffNANC saws mmtm rn ltd Til ;7*1144/7t ?ni37l EAST UM SMPPK SON M m uHM/wm US! UM
      355 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      917 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIOAH. JEDDAH AQABA (Reefer Cntrs Acceptable) EAST AFRICA/HEDSEA SERVICE Singapore Loading for KOTATAMJONG In Pt/15 May Autb, Mombasa, Hodaidah, V.E-377 Jaddah, Port Sudan. Aqaba Singapora KOTA CANT* 27/» May V.E-371 KOTA PUSAKA S/4 Juna V.E-W1 Loading tor Daraaaaiaam, Mombaaa, Hodatdah Jaddah, Port Sudan,
      917 words
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      Page 17 Advertisements Column 2
      716 17 BEN LINE CONTAINERS a BEN ASIA CONTAINER SERVICE EXPRESS CONTAINER SERVICE STRAITS/TAIWAN/JAPAN S>M Sew Star 1111 13/5 SaM M Mat* MM 71/S 17/5 11/5 Fm+ Act M2I 21/5 25/5 21/5 Starr Act NZI 1/1 11/5 1/1 SaM Star 1111 11/( l/l 1/1 tax* SMI IS/I IS/1 11/ l ROM MMM
      716 words
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      Page 17 Advertisements Column 3
      540 17 WEEKLY EXPRESS CONTAINER IP/UK/NQSCAN SERVICE nunc* a fatboos sm 14/5 I OAM ANSON 70/S 21/5 i ukaca MBON 77/s 28/S OMtH uorr ACf ANSON3/6 FltaCA 11/t DMK U/l > mm n/t 9 QAM* 2/7 I) litmw (cm left**' 2) AmUfrdw* l.nrpta iMtfM <T4Mt» C MV|> lUWS J) hw Bnmartiawn Aartos
      540 words
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      Page 17 Advertisements Column 4
      596 17 BOUSTEAD SHIPPING AGENCIES BANK LINE CORABANK IVYBANK CLYDEBANK FORTHBANK SPORE 14 Moy 14 Jun 28 Jun 5 Aug SERVICE TO UK/CONT R'DAM hull hmbg 9 Jun 12 Jun 15 Jun 10 Jul 13 Jul 16 Jul 24 Jul 27 Jul 30 Jul 31 Aug 3 Sep Lykes/ Lines U.S. GULF
      596 words
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      Page 18 Advertisements Column 1
      1540 18 EXPRESS CONTAINER SERVICE NEW YORK/E. CANADA fFEDM VESSEL StORE J BRIDGE *5 In Pt M CkCRKLD VS ?0 Ma, K lACEWONVI7E .'4 Mj, K PIONEER «S 4 lun K lACERN VI 4€ 11 lun Alv> accepting MONTREAL VME MOTHM VESSEL TOKYO N'YORK S VNAH ST JOHN (a NEW JERSEY MARU
      1,540 words
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      Page 18 Advertisements Column 2
      477 18 CALIFORNIA/PACIFIC NORTH NEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Load* tot lOS ANGELES SAM TRANCtSCO SEATTLE. TACOMA VANCOUVfR 8 C •ccrphnf FCL/FCI ContJiwn P «iUf S.njjpo'f I ffiwi rtu«r i h» 11* 7» i» AUSTRALIA EXPRESS CONTAINER SERVICE Acc«pta« FCL/FCL M»tn PMant S port Mt» AM Sf« Aha accapn -MANAMITr 31m tM
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      Page 18 Advertisements Column 3
      563 18 KORINS MARITIME SERVICES E Room 601. ICB Building. Shenton Way. Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES Shipping Co. Lid. ASIA MERCHANT MARINE SEMI-CONTAINER SERVICE S pore PJCotang Loadhg for ASM Hi. 12 PMGWO VENTURE. ASIA No 14 ASIA EEHO Spore PJti .hfwt 14 Mar
      563 words
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      Page 18 Advertisements Column 4
      629 18 INTRASEA (PTE) LTD Suite 2616 lnt« P c».M Ar son RcJ 02(K T»- A'-lfob'' L jrotAua iivs BREAKBULK SERVICE TO EUROPE/UK Spar* P XatongLoadtog tor MUA LEOMMRDI BBC 11 14 May kM BOULOGNE/IWM/W (AVON) Vnul Laadta at Rata ImM FULL CONTAINER SERVICE TO EUROPE/UK Snfapo" Loadng tar: VMKMNBI27 3 km
      629 words
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      Page 19 Advertisements Column 1
      699 19 TO EUROPE/UK (VIA SUEZ): 0 CHEF 29*. SS BUDGE 36W— C CONTAINER 16*. Also accepting cargo to/from Scandinavia C ROZE S'pore Closing Times: FCL Cargo LCL Cargo FROM EUROPE (VIA SUEZ) 0400 18/5 1600 17/5 TO AND FROM AUSTRALIA: TO PACIFIC ft ATLANTIC COAST Feeder Vessel N ZRCON 69N N
      699 words
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      Page 19 Advertisements Column 2
      599 19 MALDIVE LINES ETA KUANTAN ETA POtT KELANG MALDIVE PMDE Loading For SALALAH/ ABU DHABI/ DAMMAM MALDIVE KJGHBOI Loading For leddah MALDIVE PLEDGE i Loading For JEDOAH MALDIVE CAMm I Loading For Male MALDIVE NAVIGATOR Loading For Kuwait MALDIVE HOVEL Loading For Jeddah MALDIVE ftrORTEX 1 Loading For Male MALDIVE MAGE
      599 words
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      Page 19 Advertisements Column 3
      963 19 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street S*fapore 0104 Telephone Numbers *****3 (15 lines) Cable Address SINSOV SINGAPORE Telei Numbers RS ***** RS ***** RS 2510S F KEIAMG KMNK M/S SHARK AT UTAH SOON SON BW IST AND ?NO FLOOR fF 5 3 naK 9aPtW
      963 words
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      Page 19 Advertisements Column 4
      87 19 SAMSHIP WOOD CARRIERS TMBER ft PLYWOOD SERVICE ID ■/CORTMHT uni mmmnm mm lmote rat BLMN */5 */s vt mma/tmm/ m (TUHKT) 'CASMLiMCA onßMonMmnwKT AGENTS: •TONE: CONFRE-ASIA PTE LTD 2W7/2SIO MC BU>O BMENTON WAY. SStOAPORE •OOKMOS TEL: 2M7544 AQEMTS KX. ORIENTAL BJBPWNQ COBP BOOK MOS TEL: ***** V Ttfc Plot, MNB
      87 words
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      Page 20 Advertisements Column 1
      728 20 S S C Group SINGAPORE SHIPPING CORPORATION PTE. LTD. 2OTH FLOOR OCEAN BUILDING SINGAPORE 0104 ARKETING *****2 (3 LiNFS) GENERAL *****1 (22 LINESI LEX RS 2459s RS ***** A 0 CARSMIP CABLE CARGOSHIP Regional Container Lilies 2 SAILINGS A WEEK to/from BANGKOK ERTHING EVERY NOON TUESDAYS, SATURDAY STORE h PI/14
      728 words
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      Page 21 Advertisements Column 1
      271 21 EGYPTIAN INTERNATIONAL LINE (EILI EGYPTIAN FLAG SHW;«P- "I I N SHIPPING Plf 1 ro 1119 florid Itjdf Centre Mj'itim* Squi'f Spore 04C* i'i rs ?ioi: lei ?;3«Bii B*r ?'3Si*i .'Msjg; #(St M«iA»SI4 HSH M Sdn Bhd *1 tel ***** < 4860. 1 Pt «H M )869% 111 J9/IS Pfninj Ifl
      271 words
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      Page 21 Advertisements Column 2
      274 21 CARGO SPACE AVAILABLE ON UNEft VESSELS LOADING FOR MANILA. MUSCAT, BAHRAM, DAMMAM, KUWAIT, COLOMBO. KARACHL MADRAS, CALCUTTA, CHTTOO, RANGOON, TO PRIOR, SURABAYA, BELAWAN, CILACAP, HOCHNMNCITY, PHNOMPENH, HAPHONG, DAKAR, LAGOS S ANGOLA INDOGIJLF FREIGHT SERVICES TEL *****00, *****01 TELEX RS ***** INDGUL TIGER EXPRESS LINE NAVURADE GROUP TEL: *****14/5 REGULAR SAILINGS
      274 words
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      Page 21 Advertisements Column 3
      79 21 23KA, tmniMwri Flu*, Am* U. Vpn tt»7 M *****11 (5 has) 22UU1 T** 2M2» FVTCH REGULAR CONTAMER SERVICES FCL AND La TO: AUSTRALIA, NEW ZEALAND, UK/EUROPE, USA, CANADA, HONGKONG, TAIWAN OTHER PORTS/DESTINATIONS ON REQUEST IIAN HUAT SHIPPING CO, (PTE.) LTD ■natMnoNM kua urn fiool sum im/iw STOW o*7 IE J
      79 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      186 22 HAJ SHIPPING SDN. BHD. At AN IfV.M) HAlfAf- hIKI Kli ANt, 111 tKWN f 'Hi(%h Till* ya HA ISHP t' »i i■ A e• i k >nc >«( surt't'iN', '.1 >N Hub I. <M 'l. <' <M 1 t.'i >4 IH'i' ll <M< lh 1 Mill' M M '.UN HMD
      186 words
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      Page 22 Advertisements Column 2
      235 22 MAGNA MARINE LINES LOADING FOR 8 SLD Vessel PKelang Drschg BESSANG PASS SLD VOY 011 BLT 1975 GENERAL VALDES BLT 1970 IN PORT 14/5 MAGNA VOY 013 25/5 28/5 •TTinFla; REUNION/ TAMATAVE DURBAN. P.E., CAPETOWN do do VOY 013 25/5 28/5 —do ACCEPTING CONTAINERS A BREAKBULK FOR ALL PORTS GENERAL
      235 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      168 22 Regional Weather t 8 01 'A s >7 *N ,N v Wj S3 y vrn (U m s iE&P£« e IS SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Temperature Shower Weather /V Wind direction with speed in knots Wave height Cloudy Sky
      168 words