The Business Times, 2 June 1981

Microfilm: NL11165
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, JUNE t, I>Bl 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Fight against corruption
      81 1 AFP KUALA LUMPUR, Mon. The National Bureau of Investigations is carrying out an intensified operation to wipe out corruption among top civil servants and politicians in the Johore state. The Star newspaper, quoting NBI sources, said that the investigations into activities of several government servants and politicians
      AFP  -  81 words
    • Article
      Lock icon Marcos' economic review
      63 1 AFP MANILA, Mon. Philippine President Ferdinand Marcos today said the government's economic development objectives will be reviewed after the scheduled June 16 presidential elections. In his talk with newsmen, Mr Marcos said the existing economic policy will try to devote more time to increase the participation of
      AFP  -  63 words
    • Article
      Lock icon PanAm to make appeal
      81 1 Reuter MANILA, Mon. A lawyer of Pan American World Airways (PanAm) said the airline would appeal against a Philippine court decision ordering it to pay over U*****,000 to a Filipino businessman who lost his plane seat to a white man. The lawyer, Vicente Torres, said PanAm
      Reuter  -  81 words
    • Article
      Lock icon Protest amid controversy
      100 1 AFP TOKYO, Mon. Japan's largest labour federation decided to mobilise about 10,000 people to protest against the return of the US aircraft carrier Midway to its Japanese home port on June 5, amid controversy over the alleged presence of nuclear arms on American warships calling at Japanese
      AFP  -  100 words
    • Article
      Lock icon China's English daily
      85 1 Reuter BEIJING, Mon. Communist China's first English-language newspaper, the China Daily, was formally launched with unedited Western reports of major world stories, financial and sportc news, and an apology that the crossword puzzk* did not appear. The eight-page broadsheet, initially to be published five times a week
      Reuter  -  85 words
    • Article
      Lock icon Taipeh rejects offer
      75 1 Reuter BEIJING, Mon. China confirmed that it had invited President Chiang Ching-Kuo of Taiwan and the widow of Nationalist leader Chiang KaiShek to the funeral of their relative, honorary Chinese President Soong Chingling. But in Taipeh, sources close to top government officials said Taiwan had no intention
      Reuter  -  75 words
  • Chief Price Changes
    • Article
      SINGAPORE
      135 1 Rises Indices O U E Metro Hldgs PMC U M W Taaek Cement G I Hldgs Sea View Acma H Leong Credit Pe(i Msia Strait* Trading 1220 1880 1740 470 980 800 960 434 1550 1300 1290 110 100 100 68 60 55 45 44 40 40 40 May
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    • Article, Illustration
      KUALA LUMPUR
      160 1 Rises Indices Tasek 1080 PMC 1880 PMRI 800 M Cement 1170 Inch KK 1100 0 C B C 1340 G Lumber 340 Hume (F E) 580 Yeo H S 620 Tong Meng 350 P Prod 392 U 0 Land 500 C Storage 540 Utd Plant 560 Falls C
      160 words
  • Article
    Strict URA rules in tenth sale
    719 1  -  MOVE AGAINST PROJECT DELAY By CATHERINE ONG IN ANOTHER bid to speed up construction and to alleviate labour shortage in the building industry, the Urban Redevelopment Authority will impose stringent conditions in its tenth sale of sites. The URA will, for the first time,
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  • Article
    Rush for housing scheme forms
    245 1 MORE than 1,500 people rushed eagerly for the new Central Provident Fund's housing scheme forms yesterday though several crucial questions regarding the scheme have remained unanswered. The scheme, which was announced in March, allows CPF members to use their CPF funds to redeem their housing
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  • Article
    Block work permits for sub-contractors
    391 1  -  By FOO CHOY PENG SUB-CONTRACTORS can now apply directly for block work permits provided they register themselves with the Registry of Businesses within 21 days of their application. They must also apply for an account number with the Central Provident Fund so that they can
    391 words
  • Article
    Hong Fok shares at $3.80
    363 1 LESS than a fortnight after clearing the applications for Hotel Marco Polo shares, merchant bank Wardley Ltd is all ready to launch another share issue. This time, 16.5 million new shares of Hong Fok Corporation Ltd are being offered at $3.80 per share. Application forms
    363 words
  • Article
    Return of bulls sends index 14.6 points higher
    269 1 BULLISH sentiment returned to the stock market yesterday after two weeks of absence and sen* prices rising across the board. The bolls reappeared after prices had fallen to support levels and seemed ready to chart a new course in the weeks to
    269 words
  • Article
    STPB will invest more on tourist attractions
    470 1  -  By WONG AI KWEI,RICHARD SEAH THE Singapore Tourist Promotion Board (STPB) will invest more in the development of facilities for tourists in the 1980s instead of concentrating its efforts on selling Singapore to potential visitors. The board will consider sharing the cost of
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      16 1 The Straits Companies' xi mes Activities, Key Personnel, Agencies DIRECTORY Singapore (Buku Merah) See Page 12
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      Page 1 Advertisements Column 2
      35 1 Leader...page I FRATA WA FRATA NEWS FOR MORE INFORMATION PLEASE CONTACT TAN KAY HOCK SANDY CHIN MAY JUAN FRATA SHIPPING PT€ LTD. Suite 801, Bth Floor, World Trade Centre. Maritime Square. Singapore 0409 Telephone: *****04
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      Page 1 Advertisements Column 3
      73 1 /$,;&<'>?}[]!,]%.~@>)&,[+'=&%%_ SHIPPING TIMES EARLY devaluation of franc HAW PAR Brothers shows optiunlikely 2 mism 11 MACHINERY for use In devel- BONCS and rights issues from oping nations 3 Chemical Industries 12 MARKET for robots worth MAHATHIR urges review of I'Ss2b by 199# tariffs 12 TV AND RADIO t, CROSSWORDS 6,
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    • Advertisement
      Page 1 Advertisements Column 4
      211 1 NMWvss\ "■"^SINGAPORE Business FOR k PEOPLE WHO MATTER Times PeooaccMs PuDticatiur Europe and beyond? Fly via Amsterdam Why Amsterdam? Amsterdam international airport is your unique gateway to Europe and the Americas; with an extensive range of KLM connections covering all the major European centres and no less than 24 destinations
      211 words
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  • OVERSEAS
    • Article
      Lock icon Reagan's tax package behind schedule
      625 2 Reuter, AP PRESIDENT Reagan was expected to tell congressional leaders at a White House meeting yesterday that time is running out for them to pass a tax-cut plan, Treasury Secretary Donald Regan said. An Administration spokesman said the meeting was a move to get some
      Reuter,; AP  -  625 words
    • Article
      Lock icon Hanoi says it welcomes link with Washington
      496 2 UPI VIETNAMESE Vice Foreign Minister Vo Dong Giang said Washington is welcome to open an embassy in Hanoi immediately despite the Reagan Administration's "shameful" attempts to deny Vietnam international development aid. "On many occasions we have said to the Americans if tomorrow you
      UPI  -  496 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      405 2 ARRIVALS Service Local Operator Number Time From PAA PA005 0010 NYC/SFO HKG MAS MH601 0630 KUL MAS MH680 0645 KCH CARGO CV796 0715 LUX/DXB SIA SQ101 0815 KUL MAS MH811 0815 PEN MAS MH603 0830 KUL RBA BI427 0930 BWN MAS MH671 1000 PEN/KUL SIA SQ201 1000
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    • Article
      Lock icon CANBERRA TELECOMS WORKERS WARN OF CHAOS
      120 2 Reuter AUSTRALIAN telecommunications workers began industrial action on Sunday which union leaders say will quickly bring chaos to telephone, telex and other communications. The workers are refusing to install or maintain government and business communications, including computer links. But domestic telephones will not initially
      Reuter  -  120 words
    • Article
      Lock icon China reports budget surplus
      166 2 Reuter CHINA had a budget surplus in the first four months of this year after suffering a 12.1 billion yuan deficit for the whole of last year. In its one-sentence report yesterday, the New China News Agency gave no details. China has introduced stringent measures to
      Reuter  -  166 words
    • Article
      Lock icon Beijing warns Haig on ties with Taiwan
      263 2 UPI CHINA, warming up to the coming visit of Secretary of State Alexander Haig, has warned that US global strategy to contain the Soviets will fail if Washington allows the Taiwan issue to jeopardise its ties with Beijing. The warning appeared in an
      UPI  -  263 words
    • Article
      Lock icon Institute expects growing pressure on Thatcher
      272 2 Reuter POLITICAL pressures on Britain's Conservative Government to "do something" about the rising cost of unemployment, which will amount to reflation however disguised, are bound to increase The National Institute of Economic and Social Research said in its quarterly review that the view expressed
      Reuter  -  272 words
    • Article
      Lock icon Poorer nations need more aid urgently
      215 2 AP THE North-South Commission on International Development is recommending more aid for developing countries, some of which are on the verge of bankruptcy. Commission chairman Willy Brandt said on Sunday additional financial aid was urgently needed for the world's poorer nations. Several countries are
      AP  -  215 words
    • Article
      Lock icon Hanoi launches move against corruption
      424 2 AP SIX months after initiating liberal economic reforms, the communist government in Vietnam has launched a two-pronged campaign against bureaucratic corruption and "depraved" culture, including books and "noxious music". Some Western diplomats said the campaigns, which underline a debate in the Vietnamese hierarchy on the
      AP  -  424 words
    • Article
      Lock icon Begin sticks to stand on Jerusalem
      332 2 Reuter ISRAELI Prime Minister Begin, due to hold a summit with Egyptian President Sadat this week, has repeated the view that Arab East Jerusalem must remain part of the Israeli capital. Mr Begin spoke one day after President Sadat urged all Muslims to cooperate
      Reuter  -  332 words
    • Article
      Lock icon Dim hope for arms talks
      245 2 UPI A DECISION by the North Atlantic Treaty Organisation (Nato) to deploy up to 600 missiles in Western Europe has destroyed any reasonable basis for arms talks. The official Soviet news agency, Tass, said on Sunday that Western estimates of a Soviet advantage in nuclear
      UPI  -  245 words
    • Article
      Lock icon Dealers rule out early devaluation of franc
      590 2 Reuter THE French franc is unlikely to be devalued before the results of the French parliamentary election are known on June 21. But foreign exchange dealers, interviewed while attending the annual congress of the International Forex Gub in Paris, differed in assessing the
      Reuter  -  590 words
    • Article
      Lock icon Confidence in Mitterrand
      280 2 UPI A MAJORITY of the French have gained confidence in Socialist President Francois Mitterrand in his 10 days of office, but would feel less confident if Communists win posts in the Cabinet. A poll for the newspaper Le Quotidien de Paris published yesterday showed that 54 per
      UPI  -  280 words
    • WORLD IN BRIEF
      • Article
        Lock icon OPINION OF U.S. LABOUR
        328 2 Agencies NEARLY two-thirds of Japanese companies having factories in the United States believe that the quality of American blue-collar labour is poor. The Nikko Research Centre, an affiliate of Nikko Securities Co, conducted the opinion poll last October by sending questionnaires to 88 Japanese companies in
        Agencies  -  328 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      213 2 TACO BELL IS COMING TO SINGAPORE Hawaii franchisee of largest Mexican fast food restaurant choin in the United States is looking for prospective Singaporean partner. General qualifications for partner: 1. Restaurant business owner/operator who wi be working partner 2. Approximately $500,000.00 (U.S.) initial capital by Singaporean partner 3. Real estate
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  • TRADE AND INDUSTRY
    • Article
      Body to promote quality control circles in S'pore
      380 3 THE NATIONAL Productivity Board (NPB) and the Singapore Quality and Reliability Association (SQRA) may join hands to set up a body to promote quality control circles in Singapore. This will form part of the NPB's efforts to focus on specific programmes in
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    • Article
      ECICS looks forward to joining ICIA
      268 3 THE Export Credit Insurance Corporation of Singapore (ECICS) is hopeful of joining one of the world's biggest credit insurance unions the International Credit Insurance Association (ICIA). Such a tie-up will considerably enhance the Singapore agency's expertise and information on overseas buyers and markets. The
      268 words
    • Article
      National Crime Prevention Council to be set up
      333 3 A NATIONAL Crime Prevention Council will be formed by the Government to mobilise public support to make crime prevention the concern of everyone. The council will be inaugurated at the end of the present crime prevention campaign on July 4. This was
      333 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      167 3 INCHCAPE Berhad has appointed Mr Sng Check Kye as general manager of its personnel division from June 1. Prior to joining Inchcape, Mr Sng was staff industrial relations manager of the Chartered Bank. He is currently vice-president of the Singapore Institute of Personnel Management and serves as
      167 words
    • Article, Illustration
      Don't build machines to create unemployment
      449 3  -  By JUNE LIM TECHNOLOGY developers should design machinery which can be adapted for use in developing countries with their abundant manpower. "We cannot have gleaming machineries and call it progress, if millions are unemployed," said Mr Jose J Leido Jr, the Philippines' Minister of
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    • Article
      CATERPILLAR IN CHINA
      290 3 THE CHINA National Machinery Import and Export Corporation (Machimpex), in conjunction with the US Caterpillar group, yesterday opened a Machimpex distribution centre for Caterpillar parts in Fengtai, just outside Beijing. The warehouse complex, based on an agreement between Caterpillar Far East of Hongkong and Machimpex, is to
      290 words
    • Article
      Plant that makes diamond bits coming up soon
      333 3 SINGAPORE'S oil equipment industry will receive another boost with the proposed entry of the first manufacturing facility for diamond bits here. An American company, Christensen Diamond Products Ltd, has been granted pioneer status to set up a factory in Jurong for producing
      333 words
    • Article
      TRADE TALK
      400 3 BOSTWICK Doors Ltd of the UK has secured an order for 24 folding shutter doors worth £50,000, for factory and warehousing units at the Aljunied Industrial Complex. The folding shutter doors will be fitted to multi-storey units in the complex, some five storeys high. An unusual feature is
      400 words
    • Article
      MEMO PAD
      537 3 SEMINARS AND COIHSES May 25-July 1: Quality Assurance Engineering and Management, Ming Court hotel, Sisir May 25-July 1: Quality Assurance Engineering and Management, Ming Court Hotel (Ming Crystal Room), Singapore Institute of Standards and Industrial Research May 26-June 25: Digital Electronics Integrated Circuits Understanding and Appl. Module 11,
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      1 3 M.
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      Page 3 Advertisements Column 2
      211 3 Richard Ellis World Wide C H Williams (Pte) Ltd Property Investment Opportunity m AUSTRALIA Exclusive,prestige apartments, key inner Sydney location UP TO 70 PERCENT FINANCE AVAILABLE SUBJECT TO STATUS Park Centre will be one of Sydney's most exclusive Inner City developments. Located within one block of Hyde Park, the City
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  • RAW MATERIALS
    • Article
      Lock icon Cotton stocks expected at record low
      385 4 AP THIS season's cotton crop, cut by bad growing conditions, could force US stocks to their lowest point in three decades, the Agriculture Department reported. Although total use will likely be 25 per cent less than a year earlier, consumption could still exceed production
      AP  -  385 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cotton yarn: China Blue Phoenix 20s 2,290; 32s 2,790, 40s 3,060 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      RUBBER
      207 4 THE rubber market in Singapore yesterday closed easier with June One RSS buyers quoted at 255.50 cents per kilo, down 4.50 cents from last Friday's close. Trading picked up in the afternoon, when the market lost a further three cents on stale bull liquidation with the sharp fall in
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    • Article
      RAS PRICES
      403 4 RAS prices in cents per kilo yesterday Close Noon (per kilo) (per kilo) Buyers Sellers Buyers Sellei s Int 1 R S.S. prompt f.o.b. 258 50 259. SON 255.30 256 50N Int 1 R.S.S. June 258.50 259 00 255 50 256 50 Int 1 R.S.S. July 263 00
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      SSR and SMR
      125 4 NOON SSR and SMR prvce* yeaterday RAS J ml Jal* (Carrea t MU) (Forward Mtk) Buyer* Heller* Buyer* Seller* SSR 20 (1 ton pallet) 226 00 228.00 N 228 00 230 OON SSR 50 11 ton pallet 1 223 00 225 00N 225 00 227 00N MRELB
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    • Article
      Straits Tin
      94 4 THE STRAITS lin price in Penang yesterday Cell a cent to M $29.36 a kilt», still within the ITA lower range of $27.28 to $30.(11, dealers said. The fall was a reaction to Saturday's higher offerings on monthend disposals, but continued support from Japan, Europe and locally checked
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    • Article
      CLOSING PRICES
      34 4 Rubber: June 1 Singapore: Jurte: 255.50 cents (down 4.50 cents) Malaysia: June: 276.50 cents (down 3.50 cents) Tin: M $29.36 per kilo (down 1 cent) Official offering: 201 tonnes (down 9 tonnes)
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    • Article
      Lock icon World tin output
      84 4 AFP THE world's tin mines produced 199.100 tonnes of concentrate last year against previous 200,700 tonnes, the International Tin Council said in London last Friday. Output falls were: Malaysia 61,404 tonnes (62.995 in 1979), Australia 10,391 (12,571), Nigeria 2,4* (2,750). Zaire 3.159 3,300), Bolivia 27,272 27.781) and
      AFP  -  84 words
    • Article
      Produce exchange
      188 4 CHINESE Produce Exchange, Singapore, noon closing prices per tMkg yesterday. («x'onut «II: Bulk fob $115.00 sellers, old drum (in second hand drum > fob $128 00 sellers, new drum fob $134.00 sellers. (opra: Mixed (loose) $67 00 buyers. I'rpper: Muntok white r fob Asta NLW $415 00 sellers.
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    • Article
      RICE
      340 4 SINGAPORE: Yesterdays closing prices in SS per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) newcrop 1.30. 100 per cent second class 1 08, 100 per cent third class 1 05. 25 per cent new crop no stock. B-10 per cent no stock. THAI BROKEN: A-super 0.80.
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    • Article
      Lock icon STEEL STOCKS
      40 4 Reuter JAPANESE stocks of rolled steel products at end-April rose 0.4 per cent to 7,097,000 tonnes from 7,068,000 in March but fell one per cent from 7,169,000 a year earlier, the Japan Steel Makers and Dealers Association said.
      Reuter  -  40 words
    • Article
      LONDON MARKETS
      584 4 COFFEE: Trade selling caused robusta futures to renew their downward slide in mid morning and they ended the midday call up to til lower, setting new contract lows, dealers said. Futures had opened slightly higher following the sharp drop in prices last Friday. Turnover was 1.337 lots including
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    • Article
      PALM OIL
      148 4 THE Kuala Lumpur market yesterday closed' mixed with covering noted in the north while' other regions met selling and eased in quiet trading, dealers said. The south and central regions eased Msls to $1,025 and $1,020 a tonne respectively for June/ For July the northern region was traded
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  • ASIAN STOCKS
    • Article
      Manila
      135 4 THE stock market yester-"' day was mixed with turnover rising to 4.2 millioiC; pesos from 2.5 million,-, dealers said. Lepanto, Podco B, BFT Goodrich and Vulcan firmed while Basic Petroleum' and Phil Overseas eased. «w» JUNE 01 Pesot Acoje Mining 0056 uncft* Allu Con A AUu Con B. 2»
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    • Article
      Selected indices
      30 4 U.K.HANG SENG Monday 1718.01 Friday 1667.34 Week A(?o 1588 90 AUSTRALIAN INDUSTRIALS Monday 747.5 Friday 745.5 Week Ago 744.7 ALL ORDINARIES Monday 714.6 Friday 713.3 Week Ago 710.0
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    • Article
      Share prices firm
      548 4 TOKYO SHARE prices yesterday firmed on buying interest over a broad front led by large capitals and blue chips, dealers said. The market average rose 31.30 to 7,589.95 in fairly active trading volume of 460 million shares. The Tokyo Stock Exchange index added 3.07 to 563.31. Sony
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    • Article
      Hongkong
      369 4 BLUE chips led the rally that pushed the index through !700 for the first time in eight years. Volume was also up sharply as total turnover was over 830 million. The market reached its highs for the day just after opening Cheung Kong traded as high as $32. Bank
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    • Article
      Sydney
      345 4 SCATTERED situations provided" the only life to trading as investors made a muted response to a spate of weekend developments, dealers said. BHP was unchanged at $14.85 on the announcement of a 3.95 per cent increase in steel prices while CSR, due to release final results this week, rose
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    • Article
      Bangkok
      256 4 SHARE prices yesterday continued to decline in slow trading, dealers said. Industrial Einance Corp and Saha Union fell one baht each to 107 and 167 respectively while Union Textiles dropped 1.50 to 96. Dusit Thani rose two to tun I 189. JUNE 01 Banu Asia Credit Asia Fibre Ayjthaya
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      292 4 <> f The positive approach to project management AND FINANCIAL CONTROL OF CONSTRUCTION CONTRACTS 17 &18 JUNE 1981 9.30-5.00 Organised by Interfama to coincide with CONPEX-ASIA '81 the International Construction Equipment Public Works Exhibition 16-20 June 1981 World Trade Centre, Singapore. The course The course will cover procedures for the
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      734 5 (Advertisement) ITALYThe Creator of the World's Finest Cars Italy, the Living Gift of Art, in music, painting, architecture, sculpture, literature, has given the world its soul, its concept of beauty. A concept that has seeped through generations, from the time of the great painters and sculptors, Michaelangelo, Leonardo Da Vinci
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  • Article
    URA's move is commendable
    384 6 THE SINGAPOREAN desires many things, but top on his list of priorties must surely come the desire to own a place he can call his very own. It does not matter whether it is a spartan threebedroomed HDB flat, or a luxurious townhouse in a private
    384 words
  • Article
    A case of more haste, less speed
    310 6 SINGAPORE'S small size is, for those who must govern it, both a bane and a blessing. For those who have to plot an economic course for the nation, the limited land area and the limited population are a constant source of frustration. Grand
    310 words
  • Article, Illustration
    Lock icon ROBOT REVOLUTION
    1791 6  -  World market by 1990 may be worth US$2 billion An industrial robot is a programmable device capable of performing complex tasks. It is used mainly in the metal-working industries and, particularly, in the car industry. Its functions are varied. They include spotwelding, pressure diecasting, plastic injection moulding, spraying
    FT  -  1,791 words
  • Article
    A more liberal approach
    705 6  -  with TSANG SAU YIN THERE must be a more liberal code that is the crux of censorship in Singapore. The Censor People, those national keepers of public morals, did their duty so enthusiastically, so decisively, so rigidly, for so long, that Singaporeans have begun to protest
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      625 6 -IN-ORE CROSSWORD CRYPTIC PUZZLE ACROSS I BibUcal soldier (sailor and disarmed gunner) (5) 6 Strength of possibility (5) 9 For a bloated capitalist, he isn't very clever (7) 10 Good-humoured deception < 5 > II It's inclined to give children the slip (5) 12 They're no longer a shilling a
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      833 6 Doctors on the critical list? THE MINI-SERIES The Critic*] List (Channel 5, 8.45) Is the replacement for FW Play. Lloyd Bridges acta m a hospital director wh« becomes concerned when several of his doctors fall victim to a prooecoting attorney. More importantly is the fact that the attorney (played by
      833 words
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  • Article, Illustration
    Lock icon Effects on Swiss capital market
    769 7  -  By PETER MONTAGNON FT "WE DARED to hope after a long period of very moderate price increases that inflationary expectations had been finally overcome. In fact it only took a few months of accelerating prices to bring them back to life." Thus Dr Fritz Leutwiler,
    FT  -  769 words
  • Article
    STRAWSIN THE WIND
    153 7 THE CARRIER man can't, it appears. Not when it's their own airconditioner that's out of order. Carrier employees cursed as they sweltered in their offices at Upper Thomson Road the other day when their airconditioning system broke down in the morning and remained out of order the
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  • Article
    CURRENCY QUESTION
    267 7  -  Letter to the Editor TAN SWEE SIANG Dy manager (currency operations) Board of Commissioners of Currency, Singapore Dear Sir, I refer to the letter headed "Currency Question Not Answered" from "Principled" (Business Times May 14, 1961). Members of the public may exchange notes and coins at our counters,
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      1073 7 SHARE CAPITAL Authorised 10,000,000 shares of $1 each INTERNATIONAL TRUST Finance Limited (INCORPORATED IN THE REPUBLIC OF SINGAPORE) BALANCE SHEET—3Ist December, 1980 Note 1980 1979 2 $10,000,000 $10,000,000 FIXED ASSETS-Net 1,918,135 Issued and fully paid 4,000,000 shares of $1 each CAPITAL RESERVE Share premium account STATUTORY RESERVE REVENUE RESERVE General
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  • BANKING AND FINANCE
    • Article
      Armco planning reinsurance branch set-up
      427 8  -  By LEE YOKE MENG THE GIANT Armco Group, America's 58th largest corporation, is about to set up another of its financial arms in Singapore. Almost a year after its merchant banking subsidiary, Armco Pacific Singapore, opened for business, it is now eagerly awaiting the results
      427 words
    • Article
      Lock icon LONG-TERM LOAN
      143 8 AFP A MULTTMILLION-pound loan from Britain for Hong Kong's new territories will mature after the lease from China for that land expires. It is believed to be the first Hongkong loan to do so. The loan, from the Export Credit Guarantee Department (ECGD), worth £630 million and HKJI.3OO
      AFP  -  143 words
    • Article
      Lock icon AUSTRIA PLANS YEN BOND
      150 8 Reuter AUSTRIA plans to fleet t yea bond In Japaa la Ike aear fa tore to llaaaee Ita goverameat debt. Plii« are Ministry official Johann Heller gave aa detolls aa the slse ef the bead, Its eeadltteas ar wbea It waald be flaated. Haas Seldel, State
      Reuter  -  150 words
    • Article
      Japanese syndicate
      74 8 A SYNDICATE tt Japanese teak aid aeearlttoa kMM, lead by Dallchl Kaagyo Baak, aad the FlsaaeeM ministry kave formally agreed the syndicate wllJ aaduwilto a total af 741 trllltoa yea af aatlaaal beads la fiscal IMI started tact tnaath. The total campriaea CJI trllltoa yea ef 19-year aattoaal
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    • Article
      Quotation of Singapore Government Stocks as at May 31, 1981:
      734 8 Number Indicative Gross Maturity Year lnud Coupon Amount Merest of days Mktdte Price Redemption Rata (SMfan) Payment of Accrued (cidudmc Vietd pa) Dates Interest accrued ■iter est) <* pa) 15 8 81 1975 ••5 40 00 15/2. 15/8 105 •*100
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    • Article
      Lock icon Major Japanese banks hit by profit squeeze
      246 8 AFP JAPAN'S 13 major commercial banks registered almost across-the-board declines in their profits in the semiannual financial period ended in March, according to their business reports released recently. Bankers blamed the drop mainly on a squeezed profit margin between deposit rates and lending
      AFP  -  246 words
    • Article
      Lock icon Educational packages for employees
      113 8 AFP. TO MAKE Chinese bank clerks more business-conscious, the People's Bank of China has worked out two programmes to update its 228,000 employees about modern banking. New China News Agency reported that 68,464 people took the two-month vocational training last year, about 30 per cent of
      AFP.  -  113 words
  • MONEY AND EXCHANGE$
    • Article
      PLR
      22 8 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12.71 per cent.
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    • Article
      ASIANS
      189 8 ASIAN currency deposit Interbank rates as at close on June 1. U8 Dollar*(Spot) Offer Bid 7 days 17 11/1617 9/16 1 month 18't 18'4 2 months 17 9/16 17 7/16 3 months 17*4 17'* 6 months 16>4 16 s t 0 months 16H 16 12 months 18'. 16* Sw.fr».
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    • Article
      Discount
      50 8 RANGE af prices offered by discount houses on June 1: Overnight: 1* to 6'; r Call deposits: 6 J «C» to 6'iS} Ckxisf Baying S«llia( 3-month Treasury bills 6'j 6 J 3- month Bank bills 12 12' i 3monthsCD 11. IP. 6 months CD 1113/*****1/16 Source: National Discount Co
      50 words
    • Article
      Hongkong
      186 8 THE US dollar yesterday eased against the yen and steadied against other major currencies in quiet late foreign exchange trading, dealers said. The dollar opened lower yesterday morning following news on Friday of a larger than-expected decline in the latest US money supply figures. The dollar fell to a
      186 words
    • Article
      Singapore market
      496 8 THE US DOLLAR eased against major currencies yesterday against a backdrop of lower US money supply figures for the week ended May 20. Last Friday, the Fed announced that M--1B dropped by US$l.2 billion to $427.4 billion. The US dollar started off at 223.30 against the yen before
      496 words
    • Article
      GOLD
      251 8 SINGAPORE gold futures yesterday closed generally higher compared with last friday's closing levels, dealers said. Trading was thin with prices moving on some twoway thin with prices moving on some two-way business, with the gold price supported by market belief that US interest rates may fall further. Total sales
      251 words
    • Article
      Silver quotes
      41 8 Krl Thar* New York 10 70B 10.72B 10 90S 10 92S Zurich 10 55B closed 10.75S U Singapore 1070B r n 10 70B 10 90S 10 90S Closing prices in US dollars a troy ounce Source: Credit Suisse, S'pore.
      41 words
    • Article
      TOKYO
      218 8 THE US dollar for overnight delivery yesterday closed sharply lower at 221.65 yen compared with a 223.30 opening here, a 223.30/40 closing in New York and 223.30 45 on the West Coast on Friday, dealers said. This was also down from the 223.50 closing here on Friday, dealers said.
      218 words
    • Article
      London
      202 8 THE dollar yesterday opened easier than its Friday close here but was slightly above its late Hongkong lows, dealers said. It opened at 2.3233 40 marks compared with Friday's close here of 2.3295 /3310 and the 2.3180/ 90 in Hongkong, they said. The easing from Friday's close was attributed
      202 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      991 8 A TOP LEVEL MANAGEMENT CONFERENCE ON Effective Organisational Leadership Communication Singapore Shangri-La Hotel July 16 17, 1981 A conference designed for all senior executives who have an overall responsibility for the profitability of their respective organisations and is of particular relevance to Chief Executives Senior Production Managers Managing Directors Senior
      991 words
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      Page 8 Advertisements Column 2
      14 8 FURNITURE I I H Touch of Class LUXURY INTERIORS PTE LTD. 321, Plaza Singapura
      14 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2353 9 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 A COMMERCIAL Acma (4328
    2,353 words
  • Article
    Unit trusts
    200 9 SINGAPORE I NIT TBI ST DIAMOND MGT STORK (Nuigrri' prtrn If Ju t) (Managers' price* i far Ju The Commerce 382 4 02xd Diamond S pore Fd US*100 The Savings Fund 217 2.28 s»2 157 S pore Prog Fund 166 174 S pore Sec Fund 2.54 2 67
    200 words
  • Article
    SHARE INFORMATION SERVICE
    2764 9 Gr's Gr'» Net 1081 Last Div Div Y'ld P/E Vol Dav High Low Company Sale or- C'vr (OOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 436 320 Aetna 434cd 44 14.5 2.5 3.3 20.0 422 436 400 Alcom 300 10.0 2.0 33 250 334 130 Allied Choc 240
    2,764 words
  • Article
    In Kuala Lumpur
    2239 9 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. INDTOTRIALS Alcam (3 628 3 70S) (2) 3.56 (1) 3 66 (2
    2,239 words
  • LATEST RESULTS
  • Article, Illustration
    First day of June brings promise
    761 9 THE stock market said goodbye to the cloudy month of May, and Jane opened on a brighter note for the local hoarse yesterday. After the past two weeks when prices fell to support levels, the market emerged from Its consolidation and appeared ready to
    761 words
  • Article
    Kuala Lumpur closes higher
    556 9 A STEADIER start lifted prices generally higher at the Kuala Lumpur Stock Exchange yesterday. Good support was discernible at the opening bell on some carried-over interest. There was some wavering of interest by mid-morning but prices were generally higher towards the close. Good overseas leads, particularly
    556 words
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  • INTERNATIONAL STOCKS
    • Article
      Improved activity on Paris bourse
      430 10 AS THE PARIS BOURSE faces a crisis after the election of a Socialist President, a report published recently shows that it has just recorded one of the best years in its history. According to the Commission des Operations de Bourse (COB), the regulatory committee, the
      430 words
    • Article
      Swiss listing
      41 10 ARRANGEMENTS are under way to list shares of Sanyo Electric on the Zurich, Basle and Geneva bourses in the second half of June, Credit Suisse said. Sanyo will be the second Japanese company listed in Switzerland after Sony Corp.
      41 words
    • Article
      IHI enjoys 58pc profit rise
      154 10 ISHIkAW AJIMA-Harlma Heavy Industries (IHI) projected a slight rise In sales to around 7M billion yen tor the current year to cnd-March 1982 aver 581.13 billion last year. Profits before tax and special accounts are, however, projected at only about the same m last year's
      154 words
    • Article
      Olivetti-Savin merger plans
      240 10 OLIVETTI, the large Italian office equipment company, plans to merge its US subsidiary with Savin, a company in upstate New York which has built its reputation on aggressive marketing of Japanese-made photocopiers. The deal, which has to be approved by boards of both companies, requires Savin to
      240 words
    • Article
      POLAROID, OLYMPUS ACCORD
      68 10 POLAROID and Olympus Optical of Japan have jointly developed a new Polaroid camera using Polaroid's new ultra-high-speed instant colour film to record images through medical and industrial fibrescopes, rigid telescopes and borescopes Olympus will make the camera in Japan and Polaroid will sell it worldwide. Shipments to
      68 words
    • Article
      ACI doubles stake
      51 10 AUSTRALIAN Consolidated Industries Ltd (ACI) has paid about Asls million to raise its stake in can manufacturer J Gadsden Australia to 19.9 per cent from 10 per cent. ACI bought 2.97 million Gadsden shares at $5 each. It has no intention of lifting its stake beyond this
      51 words
    • Article
      Lock icon Textile makers setback
      193 10 AFP JAPAN'S seven major synthetic textile makers suffered a double-digit setback in their current-account profits in the business year that ended last March because of slow domestic sales and higher costs. The seven makers Asahi Chemical, Toray, Teijin, Unitika, Kuraray, Mitsubishi Rayon and Toho Rayon all recorded
      AFP  -  193 words
    • Article
      NISSAN
      58 10 DM SPITE OF a cloudy future for car exports, Nissan Motors expects sales this year to rise 6 per cent to 3.2 trillion yen. Nissan added that a higher corporate tax burden would probably trim profits some 6 per cent to 80 billion yen from last year when they
      58 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      755 10 See Page 4 for Asian stocks "The American Express Card serves you well, wherever good food is served". I Costs only HALF AS MUCH if you're residing in Singapore It's easy. Just book our chalet units, and enjoy a 50% discount. Offer applies MONDAY-THURSDAY (except public holidays and holidav-eves). For
      755 words
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      Page 10 Advertisements Column 2
      235 10 Itfe as good as going to Bangkok. A" LL-wC This is Thai Seafood at its authentic best So fresh, it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant
      235 words
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  • COMPANY NEWS
    • Article
      Petaling Tin trading profits down 62pc
      328 11 PETALING Tin's trading profits fell by almost 62 per cent in the first half year ended April 30, 1981 as a result of lower production, increased operating costs and cessation of tribute revenue. A preliminary estimate shows trading profits (after depreciation and depletion charges)
      328 words
    • Article
      Raleigh plans purchase
      103 11 RALEIGH Cycles (Malaysia) is to take an 85 per cent interest in a tyre manufacturer called Flywheel Rubber Works for $2.27 million cash. The price of the 567 shares of $1,000 par each had been arrived at through negotiations on a willing buyer, willing seller basis. Raleigh
      103 words
    • Article
      HAW PAR OPTIMISTIC
      1181 11  -  By KOH TSE YING HAW Par Brothers International Ltd expects higher contributions from all divisions of its business during the current year. For the third consecutive year, the group is likely to achieve another rise in earnings despite the difficult conditions seen in most of the major
      1,181 words
    • Article
      BATU KAWAN LOWER
      405 11 LOWER commodity prices have dampened the results of Batu Kawan Bhd for the half year ended Feb 28, 1981. Unaudited group pre-tax profit fell to M 511.48 million ($13.22 million previously) on a reduced turnover of $27.06 million ($29.22 million). A breakdown of group figures higher up
      405 words
    • Article
      DIVIDENDS ANNOUNCED
      702 11 Current Ex Books Date Total for Total lor Payment Date Close Payable the year Prevloas year API 3%TE Jun 10 Jun 22 Jul 13 3%TE Aema is%(b) Jun 23 Jun 30 Jul 9 15% 14.5%(a) Alcom 5% Jun 11 Jun 23 Jul 15 10% 12% AmbMndtr 7'»%(b) May
      702 words
    • Article
      Bovis expects heady earnings of $35.6m
      862 11 BO VIS South-east Asia estimates that its acquisition of three companies Promet Private Limited, Aurora Beach Hotel and Pertama Emas Tourist Corporation will lift its consolidated pretax profit to a heady MJ3S 6 million in the current year ending this Dec 31. The acquisitions,
      862 words
    • Article
      COMPANY MEETINGS
      167 11 KECK Seag (M) Berhad: AGM to be held at the conference room of Tropical Inn, 16th Floor, Johore Tower, Jalan Greja, Johore Bahru on June 2 at 11 am. KULIM (Malaysia) Berhad: AGM to be held on Ulu Tiram Estate, Ulu Tiram, Johor, Malaysia on June 4 at
      167 words
    • Article
      George Kent expects profit growth
      525 11 GEORGE Kent (Malaysia) Berhad anticipates a return to profit growth barring unforeseen circumstances in 1981, after incurring a slight fall in profit last year. George Kent chairman. Mr F B Rossiter (who passed away suddenly and recently), said in his latest annual review to shareholders
      525 words
    • Article
      Lock icon Next in line
      539 11 wms mm*** by HOCK LOCK SIEW ANOTHER Malaysian company may soon jump on the property bandwagon if market speculations prove accurate. The past year or so has seen a growing interest in property development with various companies hitting the acquisition trail in the wake of booming property
      by HOCK LOCK SIEW  -  539 words
    • Article
      Ngee Ann wants to negotiate anew
      195 11 METRO Holdings was yesterday informed of Ngee Ann Kongsi's intention to renegotiate a new settlement on the lease dispute over Orchard Square. In a letter to Metro despatched through Its solicitors Drew and Napier, Ngee Ann said Its negotiating subcommittee has been authorised to
      195 words
    • Article
      Boustead springs surprise
      83 11 IN A surprise move, Boastead Holdings Berhad yesterday announced that It was not proceeding with the acquisition of City Centre Bhd, which owns a choice piece of property in Koala Lumpur. No reasons were given for the decision. Boustead told the Kaala Lumpur Stock Exchange it was
      83 words
    • Article
      OCBC OUTLOOK
      127 11 OVERSEA-Chines* Banking Corporation expects higher earnings for the cnrrent y ear. In its rights issue prospectus, OCBC said that the total distributions In dividends will also be more than those of last year. The baak explained that the increased share capital from its one-for-flve bonus Issue and one-for-flve
      127 words
    • Article
      EAI falls sharply
      140 11 ELECTRICAL and Allied Industries Bhd (EAI) has reported a fall of nearly 61 per cent in unaudited pretax profits to $684,000 for the year ended Mar 31, 1981. The results were made on a reduced turnover of $12.99 million down 30.9 per cent over the 1980 figure.
      140 words
    • Article
      Stake sold
      286 11 BOUSTEADCO Singapore Ltd and Boustead Holdings Bhd have sold 50 per cent of their interests in Macondray Co Inc of the Philippines to Sime Darby for an undisclosed cash consideration. The transaction was recently concluded when the Philippine Board of Investments gave its approval to the transaction although
      286 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      167 11 Somebody called us busybodies the other day. and he isn't wrong. Our interest are so wide-ranging they'll fill pages They range from ships to fertilisers, cars to chocolates, tractors to computer systems In short, our interests are multinational and multifaceted With a history and tradition of entrepreneurship behind us. we
      167 words
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  • Article
    Esso refinery raises lubricant capacity
    264 12 ESSO Singapore has invested $50 million to increase its production of lubricants (lube) in its refinery at Pulau Ayer Chawan. The expansion is to meet the increased demand for lube products, which are used in motor, industrial and marine lube oils. With this expansion, the
    264 words
  • Article
    Lock icon Airlines meet on sharp fall in profits
    229 12 Reuter SENIOR executives from some 60 international airlines, meeting in Geneva today to discuss plunging profits, will consider raising fares as one remedy. A spokesman for the International Air Transport Association (LATA) said the executives, from mainly West European airlines, would not propose
    Reuter  -  229 words
  • Article
    Bonus, rights and excellent results from Chemical
    562 12 TRUE to market expectations, Chemical Industries (Far East) Ltd has expanded its capital base with a two-for-five bonus issue and a two-for-five rights issue. The rights will be issued at a price of 12.00 per share of $1.00 each. Both issues will be
    562 words
  • Article
    Lock icon Tripartite committee criticises Bani-Sadr
    300 12 AFP THE THREE-MAN committee charged with settling disputes between Iran's leaders came out firmly yesterday against President Abolhassan Bani-Sadr. The committee, which consists of a representative each of Mr Bani-Sadr,the ruling Islamic Republican Party and Ayatollah Ruhollah Khomeiny, added its voice to mounting criticism of the
    AFP  -  300 words
  • Article
    LONDON STOCKS
    802 12 LONDON, Mon. Share prices were narrowly higher after a quiet session today, dealers said. At 3pm, the Financial Times index was up 3.4 points at 545.9. Eagle Star was a firm feature at the outset, rising to 291 ex-dividend from 237p last Friday after news that Allianz Versicherungs
    802 words
  • Article
    Lock icon Dow Jones overage up
    96 12 AP NEW YORK, Mon. The stock market rallied this morning, bolstered by expectations that interest rates would fall. The Dow Jones average picked up 9.55 points to 1,001.30 in the first half hour. Gainers took a 5-to-2 lead over losers. Renewed optimism about interest rates followed
    AP  -  96 words
  • Article
    Lock icon Troops march into Chittagong and end rebellion
    242 12 UPI BANGLADESHI government troops marched into the port city of Chittagong without resistance yesterday, thus ending a threeday rebellion that began with the assassination of President Ziaur Rahman. Police arrested the leader of the coup bid, Major General Manzur Ahmed, and authorities located
    UPI  -  242 words
  • Article
    Lock icon Prem makes political gains
    48 12 AFP THAI Premier Prem Tinsulanonda's government yesterday gained political strength as Parliament voted overwhelmingly in confidence of three economic ministers. Interior Minister Prathuang Kiratibutr, his deputy Banyat Bantadtam and Industry Minister Chatichai Choonhavan emerged with respective confidence votes of 284-54, 266-42 and 264-6. AFP
    AFP  -  48 words
  • Article
    Lock icon Mahathir urges review of tariffs
    542 12 AFP THE MALAYSIAN government is concerned that it is having to protect certain industries for long periods. A considerable number of industries in Malaysia have survived only because they had been subsidised through various tax holidays, import restrictions and other incentives. Malaysian Deputy Prime Minister
    AFP  -  542 words
  • Article
    Lock icon Nuclear weapons dispute hots up
    431 12 Reuter THE DISPUTE in Japan over US nuclear weapons heightened yesterday when the main instigator of the controversy, a former American ambassador to Japan, told the Japanese to face reality and stop throwing tantrums over defence matters. Harvard Professor Edwin Reischauer, ambassador to Japan from
    Reuter  -  431 words
  • Article
    Lock icon Indonesia warns foreign companies
    89 12 AFP SOME 10 foreign companies operating in Jambi Province, Central Sumatra, have been issued with severe official warnings for failing to adopt "Indonesianisation" programmes. Many of the mostly timber companies, after ten years in operation, have failed to transfer 51 per cent of their capital into
    AFP  -  89 words
  • Article
    Lock icon Fiat layoff
    42 12 AFP THE ITALIAN Fiat motor group yesterday laid off another 60,000 workers for a week. The company, which expects car sales to be sluggish for another two years at least, has had 23,000 workers laid off since last October. AFP
    AFP  -  42 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      128 12 fIS A. FACTO*V »EP*tS£NTATIVC FO* SOUTH CAST AS/A STtHUSEAJPTEITD Unit 1003, 10th Floor, Tan Boon Liat Building, Outram Road, Singapore 0316. Tel: *****47 (3 Lines) Cable STIHLSEA Telex: RS ***** ANTWERP HONG KONG LOS ANGELES JOHANNESBURG PRESIDEX SINGAPORE STOCKHOLM I THE PRESIDIUM DIAMOND EXCHANGE I SINGAPORE: 10th Floor, Wellington Building,
      128 words
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      Page 12 Advertisements Column 2
      357 12 Ac MODERN ENGINEERING TECHNOLOGY SEMINAR (METS) SINGAPORE, 1981 JULY 27-29,1981 MANDARIN HOTEL The Applied Research Corporation, in association with the Chinese Institute of Engineers, USA, brings together 10 specialists in the fields of computerisation, computer-based automation, materials science and microelectronics for a three-day seminar. METS Singapore 1981 is organised with
      357 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      67 12 |WEfIT HER= Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several areas in the early morning. Report for 24 hoars prior to 7.31 pm on Jane 1 at the airport. Maximum temperature 32.5 Associated humidity 65 Minimum temperature 24.0 Associated humidity 97 Hours of sunshine 6.60
      67 words
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  • SHIPPING TIMES
    • Article
      PPA to integrate stevedoring services
      189 13 THE Philippine Ports Authority (PPA) is sounding out cargo-handling operators at the north harbour on the possible integration of their services by 1983. The plan calls for the integration of stevedoring services now offered by eight operators at the port into one single operating entity.
      189 words
    • Article, Illustration
      Malayan Railway to haul boxes from S'pore
      429 13  -  By G DURAIRAJ THE Malaysian government has given its approval to the Malayan Railway to haul containers from Singapore into the Peninsular. The move is aimed at overcoming the problem of inadequate container feedering between Singapore and the Peninsular ports. The director of
      429 words
    • PORTSIDES
      • Article
        Lock icon Japan-Iran service again
        136 13 Reuter JAPAN'S shipping industry plans to resume regular service between Japan and Iran this month after an nine-month halt following the outbreak of the Iran-Iraq war, informed shipping sources said. Mitsui OSK Lines Ltd will be the first shipping line to resume shipping services to Iran. Its
        Reuter  -  136 words
      • Article
        Lock icon New coal-loading facility
        138 13 AP SUN Eel Shipping Co Ltd of South Korea has decided to build a coal-loading export facility in Anchorage (Alaska), Mayor George Sullivan said. Construction should start this summer and shipments begin in the first quarter of 1982, Sullivan said. He estimated the cost of the facility
        AP  -  138 words
      • Article
        Lock icon Lowering CAF
        47 13 Reuter THE Far Eastern Freight Conference, the Sabah, Brunei and Sarawak FYeight Conference and the Far East Ggulf of Aden and Red Sea ports conference, said they lowered their Malaysia/ Singapore currency adjustment factor to 13.50 per cent from 18 per cent, effective June. Reuter
        Reuter  -  47 words
    • Article
      INDEX TO ADVERTISERS
      698 13 Skipped Uae P»g* CM Shipping line P»ge CM Achipelego vn I Fesco vn 4 5 Adriatic VI 5 Flotta Lauro V 5 Afea VI 3 Fortune VI 5 Afro-Eurasia vin 2 Franco-Be Ig m 4 5 A1 Navigation VI 2 Frata NVOC VI 2 Alltrans VI 5
      698 words
    • Article
      Ro-ro safety investigation
      296 14 NORWEGIAN experts are nearing completion of the first stage of an important new study which could change international thinking on roll-on roll-off ship safety. Staff at the classification society Det norske Veritas have been analysing 243 casualties from 1965 to date in an attempt to find out
      296 words
    • Article
      Container Schedules
      839 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Name Voy Estimated Shipping Gdn Mode of No. Time of Lines Operatn Arrival Date Time Nordhetde 2 2.6.81 Tambang VII 729 2.6.81 New Penguin 8 2.6.81 Pegasus Pride 174W 2.6.81 Navalis 22S 2.6.81 A. Goncharov 4CW
      839 words
    • Article
      LONDON FREIGHTS
      1578 14 THE TENTATIVE agreement reached in the US coal miners' strike on Friday should improve rates on US routes, brokers said, although with ratification still to be voted the coal workers are unlikely to get back to work much before the second week in June. Meanwhile, concern is being
      1,578 words
    • Article
      SHIPS IN PORT
      495 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Asian Clipper (ro/ro) (after Wu Chang, must starboard alongside) 44 Bunga Tanjong (shifts after River Adada sails, L/ L) 33 34 Bowoon No 5 (Tanker 2nd Call) (1100 subject gas free, C/O, veg oil) 13 Builder II (0700 after Jension) 22 Builder
      495 words
    • Article, Illustration
      Promet launches supply ship
      243 15 PROMET PTE Lid launched another sopply vessel recently, the last of a series of II ordered by National Marine Services (NMS). Worth US$3.5 million, the vessel measures 171 feet by 14 feet by 38 feet and will be used to support offshore oil exploration In the
      243 words
    • Article
      Lock icon INCREASED PROFITS FOR JAPAN'S SHIPBUILDERS
      355 15 AFP JAPAN'S shipbuilders registered increased sales and profits in the business year ended March, thanks to brisk demand both at home and abroad, according to their business reports released recently. Ishikawajima-harima Heavy Industries Co Ltd reported a current profit of 9,400 million yen (US$42 million
      AFP  -  355 words
    • Article
      Lock icon Shippers concerned over APL's 45-footer box test
      1105 15 Shipping and Trade News AMERICAN President Lines' (APL) decision to develop and test the feasibility of 45-ft containers for international commerce has become a cause of concern for many in the shipping industry who prefer that carriers, already saddled with heavy capital expenditures,
      Shipping and Trade News  -  1,105 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1680 19 SCHEDPIE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three weeks. PN
      1,680 words
    • Article
      MALDIVE LINES
      95 19 ETA ETA ETA SPORE KUANTAN PORT KELANG NAZAKAT 15/6 Loading For Dammam MALDIVE NOBLE 6/6 In Port Loading for Karachi/Muscat Dubai/Dammam MALDIVE PLEDGE 18/6 Loading for Jeddah MALDIVE UNITY 15/6 Loading For Colombo/Karachi MALDIVE MPORTER In Port Loading For Male MALWVE PRIZE 18/6 5/6 Loading For Shariah MALDIVE
      95 words
    • Article, Illustration
      People In Shipping
      158 20 MR HENG Fook Pok has been appointed the general manager of Straits Shipping Pte Ltd with effect from May 11. He returned recently from Australia after a 12month secondment with Australia Japan Container Line where was responsible for AJCL's Korea Japan trade. Mr Heng graduated in 1965
      158 words
    • Article
      SHIPPING EVENTS
      117 20 BUNKER purchasing how shipowners ran minimise costs June 2-4, Seatrade seminar, American Bureau of Shipping auditorium. New York. The Behaviour of Disabled Large Tankers June 9-10. Cunard International Hotel, Hammersmith, London. Dynamics of world coal trade June 10-11, Maritime Association of the Port of New York symposium, Biltmore
      117 words
    • Article
      Bleak outlook for chemical tanker market
      580 20 AN extra 49 chemical tankers will joint the world fleet by 1983, following the contracting boom of the last two years, a shipping expert calculates. But that boom is now over and chemical tanker owners and operators are viewing the market with pessimism, said
      580 words
    • Article
      Lock icon Opec to cut production by 10pc
      275 20 AFP RATES turned easier on the tanker market last week following moves by the Organisation of Petroleum Exporting Countries (Opec) to cut production by 10 per cent. In the Gulf States area, although there has been a reduction in tonnage available, rates have tended
      AFP  -  275 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      405 13 PIL GROUP REGULAR CONTAINER FEEDER SERVICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN GULF AND RED SEA PORTS. See Page V .JAR DIM I AH Orient Overseas ComlcjMeA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) I'; i;l^* 4 .U5S FULLY P Kelanf S port
      405 words
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      Page 13 Advertisements Column 2
      313 13 aSEALORDH UASC UNITED ARAB SHIPPING CO (SAG) u r GULF EXPRESS MULTI PURPOSE SERVICES BN HAYYAN V 35 18/6 Loading for Mma Qaboos (30/6) Accepting Breakbdh Only Mma Qaboos (30/6). Dubai (2/7), Dammam (5/7), Abu Dhabi (8/7). Kuwait (11/7), Mma Al Fahal (14/7). Bahrain (17/7). Doha (20/7) FULLY CONTAINERISED SERVICE
      313 words
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      Page 13 Advertisements Column 3
      776 13 I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****3 MAERSK LINE EXPORT FULL CONTAINER SERVICES FONDO MAERSK MANGO jrrrm TO: VS. PACIFIC, GULF, ATLANTIC, EAST CANADA. ASIAN PORTS Feeder Veaael |Port Kelang Penang Saied
      776 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      882 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Contain* Strvice To Europe Feeder *P Hwang Vessel Spore 1) Mseilles 2) Rdam 3) Hburg 4) Gbufj B DAHLIA SM N CRYSTAL 2/6
      882 words
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      Page 14 Advertisements Column 2
      285 14 BBS SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA SaM SjM SJM SaJad J/J 5/J J/J »/J 7/J 17/J 19/J j/j n/j N/j 2 J/J J/7 4/7 IJ/J 15/J M/J Jl/J It/7 I 12/7 101 NHMVALV "BARBER PERSEUS" km 5. "BARBER MENESTHEUS" km 5 "BARBER TONSBERG" km 17 "BARBER
      285 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      646 15 r STRAITS SHIPPING Singapore to Sabafi, Sarawak, Brunei Ports and Bangkok QCL Overseas Containers Limited COHTMOSHP SBjjjjCE TO UK/COHTHENT: UyoiEMwgh Bronwn Eiprets Kowtoon Bay MmgAnig Eipresj HaaAvg Eqnu T«feia Expreu Nf«oyd Taiwan Atanawl Eiprtu Ttayoßiy PKota* I D'nurt 25 tat 25 tat 27 tat 2tM 21 tai (M 9 M
      646 words
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      Page 15 Advertisements Column 2
      425 15 Jg Franco Belgian Services y y,. f t? asf y T r Ic, xth li, ''.inn it F tV.r»: I »v>f< 1 4(1 f ONSOSTiLM fuu. contmosw sawn g eißort fuu camuasm struct now tmoK SMGMOK P UIANG li Navrt Ita Hte| Btora* »wmp ><« HWf BHmn I'm* It Itovrt
      425 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      570 16 ML Hapag-Lloyd TO NORTH EUROPE EXPORTS City EM«|k li—m Eipreis Ban UftM "Also accepting cargo tor CARIBBEAN WEST INDIES via Hamburg TO MEMTEMMCA TW 3/6 7/6 15/6 Hft 5/6 9/6 17/6 TO NOHTH EIMOfC/MEMTBMAMEA/ Sophie Rickmers Mai Rickmers TO USA/CAIWM Feeder At Mara Benattim Krtano Mara Hwfkong Eipren Hamtag Eipreis
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      Page 16 Advertisements Column 2
      398 16 is nor a shipping n uncn corpn 4> c n an i j j Algerian National Line 3/\iJ WEST BOUO FAR EAST/ttMTEMAItAN SERVICE STORE P.KLANG LOAONG FOR BECHAR (1971) 5/6 Jun 1/9 Jun Tm/«. SI. L«K/V*ncia/ Alftf BOURA (1971) 16/18 Jin 19/20 Jun Tub/Ft. SI. Lotfs/Valmcia/ AJpr EAST BOUM) HDnEJBWIAN
      398 words
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      Page 16 Advertisements Column 3
      653 16 0 EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CARGO FOR: UNITED KINGDOM SOUTHAMPTON, LONDON, MANCHESTER, BIRMINGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS. ETC. WEST GERMANY BREMERHAVEN, OSLO. STOCKHOLM, GOTHENBURG, AARHUS. COPENHAGEN HOLLAND AMSTERDAM S'pvt MM Hm*V| !*i!wi Mm| It M»w« Em UfNt 11/ C 24/4 1/7 4/7 4/7 1/7
      653 words
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      Page 16 Advertisements Column 4
      1034 16 HUI Burma Fivt Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON PMAS*Wt6T*WTWA* MT4MTAWYWI nMSMKCrtwrw* KM Sp«t ri«ai nm m tat 4/7 km 14/15 km 11/70 km B F S S C Aaeot* m Moloyvo OOUSTEAD SHIPWNG TEL NOS KL *****2/*****9 Compania Arpantina Da Navaaacion Infarctminimal S. A. C.I. F.
      1,034 words
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      Page 16 Advertisements Column 5
      364 16 mo.s.E. 1 OCEAN SHIPPING S ENTERPRISES PTE LTD. ES SANKYO LINE JAPAN/STRAITS SERVICE CONTABO BOOKM SUB AGENTS P KUANG SBSAPORE m *****44/7 A *****70 R lIBMUR TU *****4 *****4 OCEAN SHTPMC STORE TU *****44/7 MIDI'S CONTMO P. HOME TU 1347 >973/4 EAST ASM SHTfWC TU 3M732/3/7251 MALATSM TIACI 4 TRANSPOBT
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      913 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO, HODEIDAH, JEDDAH AQABA (Reefer Cntrs Acceptable) IST CALL SPORE 19-20/7 22-23/8 25-26/9 Accepting LCL Cargo to Colombo ft Aqaba. *FCL Closing 13/6 2300 Hrs. LCL Closing 11/6 1600 Hrs S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS' IST CALL [tram NEP TOPAZ 42/43N
      913 words
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      Page 17 Advertisements Column 2
      790 17 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE TO EUROPE S port P Ming W Germa «"y of Edhfeagti 5, i 2 Bremen Eipress 7/6 2 B«na>on 13/6 14 6 Koalaon Bji IS 6 20 6 Hongkong Eipress 27/6 19/6 2 Hamburg Eipress 4/7 6/7 2 TMuo Eipress 12/7 14/7
      790 words
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      Page 17 Advertisements Column 3
      706 17 I 2 r A Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE IP MED/UK/NC/SCAN Sport I l>MsedNs2»Bda«i 3|Hbw|4)Gt»'l 8 DA** SM B riMU i/4 B OAHIA 12,6 e pfnaca lit B DAHLIA H 6 8 PINAGA 3/1 B MM* 10 B PtNAGA 17/7 B OA*# 24/7 Acctpfang tor I) Barcelona Genoa
      706 words
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      Page 17 Advertisements Column 4
      573 17 BOUSTEAD SHIPPING AGENCIES BANK UNE AFRICAN EXPRESS Also accepting FCL containers. Spore. 8/10 June (looding direct for Reunion, Durbon and Capetown only) Linos U.S. WEST COAST SERVICE Ofrtct from SPO Ibcti SPORI S tte T*c V6C LESLE LYKES 13/6 9/6 17/7 12/8 13/8 16/8 ASHLEY LYKES 18/7 14/7 25/8 16/9
      573 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      903 18 K LINE KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES Ftnnmsis* n Fan* Ate OM I TO NORTH AMERICA ETD 9 Mono wsais tk u 1/6 11/S Aaa Mm tan, Man 13/6 15/6 Yamaita Maru New fort Maru Start Ace 09N 15/1 ll i Imnci Mara 1/7 11/7 BmHi Mara 4/7
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      Page 18 Advertisements Column 2
      452 18 '/Ie CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE lot** tor LOS ANGELES SAN FRANCISCO SEATTLE. TACOMA VANCOUVER BC Acceptmg FCI/FCI Contaawrs P Kelaog Singapore t Angeles "R VESSEL" 10 M« 11 My Au( AUSTRALIA EXPRESS CONTAINER SERVICE Accepted FCI FCI Cantaawrj NEW ZEALAND SERVICE iw*« h> dun on lytufton. hiukton
      452 words
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      Page 18 Advertisements Column 3
      540 18 3 S/\(>roup SINGAPORE SHIPPING AGENCIES PTE. LTD 20TH FLOOR OCt AN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LINESI GENERAL *****1 (14 LINES I TERMINAL OFFICE *****83 TELEX RS ***** RS ***** A/B CARSHIP CABLE CARGOSHIP irr=T|. Kcgioiial MM}) Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK VO* 4/sm 4/7 km U/12
      540 words
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      Page 18 Advertisements Column 4
      571 18 KORINS MARITIME SERVICES m LTD Room 601, ICB Building, Sbenton Way, Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES S PORE P. KELANG LOADING FOR: BOMf 20 Jun Iran Ports YONG JIN 30 Jun Alexandria/Tripoli/ P.Said/ P.Suez KOMARINE 2 Jul Bahrain/Kuwait Hyundae Shipping Co. Lid. Y'hama
      571 words
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      Page 18 Advertisements Column 5
      820 18 4* INTRASiA (PTE) Faber House 234E Orchard Road Singapore 9 Telephone *****11^*****7 VOAAfM'UIS !i REGULAR MDEPODENT SEJWICE TO EUROPE S pore P ReUnf Penjnj Loa<*n( lor WORLD SIM *****.— 10 Jw 7 Jun BOULOGNE /MUM/I* (AVON) NORASIA ***** (U 9M RTMM/UR (AVON) AftntJ Sniipore WTRASEA (PTE) LTD *****11 BOOKMG *****57
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      658 19 TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/from Scandinavia K iACEWON S pore Closing Times FCL Cargo 0800 6/6 LCL Cargo 2000 5/6 FROM EUROPE (VIA SUEZ) N. JADE 2E HK. CONTAINER 25E. N. GARNET 5E.... K. CHANCE 3E.... S.S BRIDGE 31E. TO AND FROM AUSTRALIA: JAKARTA..... SINGAPORE PENANG BRISBANE.
      658 words
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      Page 19 Advertisements Column 2
      345 19 11 i:asti;k\ <\k i.im;h. i.td. From Japan ASIAN CUPPCR SUM WAV •LUCKOCHI CAR LIMER No 1 BLUE MATSUYAMA ASIAN CLIPPER SUN WAV ASIAN STAN SLUCKOCHI V2O 2 Mm Vt 7Jum VOO 11/12 Jwna V4O 10 Juna V 34 23/24 Juna V2l 2V 2* Juna VlO 5 July V 1 t/7
      345 words
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      Page 19 Advertisements Column 3
      479 19 SINSOV SINGAPORE SOYET SHTPWG CO PRIVATE LTD SttSOV BULDMG 55, Market Street Sinfapore 0104 Telephone Numbers *****3 (10 Lines) Cable Address SMSOV SINGAPORE Telex Numbers RS ***** RS ***** RS 2SIOS i Kn ANC ruw» U/S IHMWIKT VIM SOON SDN BM) IST AND 2ND FLOOR lESSRS HAI TNONC SMPfW 23
      479 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      394 20 LORENZO OVERSEAS LINES, INC.. PHILPPINES ETA ETC lOAMNG FOR ""ON* MARIA I" 16 12/S Penang Colombo (BR. 1970) Ma*as m.». "EWEY" 17/ C 20/t (BR INI) ""fc/fctan. Generot Agents MARITRAOt MANAGEMENT t TRADING PTE. LTD.. 45-A, Boot Quay, Stngopore, 0104 Tel *****6 Telex RS ***** MTRADE Pervong Tel *****0 A
      394 words
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      Page 20 Advertisements Column 2
      294 20 ft JOHORE SHIPPING m Ln 161 lAIAN TfNGKU BAOAR PORT KELANG SEIANGOR MALAYSIA HAJ SHIPPING SDN. BERHAD > Eipress Urottoad Service from P Ketang 1 East Malaysia Brunei HAYATI V: 1/81 HAYATI V: 9/81 HAYATI V: 10/81 HAMDAH V: 9/81 HAMOAH V: 10/81 HAMDAH V: 11/81 P KELANG 5/6 18/6
      294 words
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      Page 20 Advertisements Column 3
      273 20 St WOOD LINE Bulk Timber and Plywood Service UK/CONTINENT SERVICE Spore PKtbnt T( Mara loadmf far: GRAM) GIO6E ML 003 Sid Sid SU NANTES/RDM/ UK MOUNT RAWER Nl *****/8 24/6 16 6 ANT/RDM/ UK/ESBJ SJIVfR PM Nl 005 25/6 5/7 30/6 NANTES/RDM/ UKESBOC SOUTH AFRICA SERVICE Sparc PKeUnt loadnf tar:
      273 words
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      Page 20 Advertisements Column 4
      320 20 K LINE KINKAI KAWASAKI KINKAI RISEN KAISHA, LTD. JAPAN/STRAITS/JAPAN Fully Containerised Service Vessel WORDSTAR V 4 NOWBAY V 7 N MALAYSIA Tokyo Kobe S pore Penang P Kelang Spore Tokyo SU SU 10/ C 12/6 13/6 16/6 26/6 8/6 11/6 22/6 24/6 26/6 27/6 7/7 Bowtead Am *****4/*****5 Harmon CrosMd
      320 words
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      Page 20 Advertisements Column 5
      279 20 Liners (Pte) Ltd. 1005 1008 10th Floor, Robino House, Shenton Way, Singapore 0106 Phone *****33 Telex R*****9 Representing INTERMARITIME LTD. REGULAR SERVICE TO SOUTH AFRICA Singapore Looding for: MV "SAN PEDRO" 6/6 Durban Voyoge 23 Cape Town Agents H.SX (M) Sdn Bhd Part KeUne *****6. 3*6996 KuaU Lumpv *****7. *****3
      279 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      177 20 Regional Weather m m m ft s '^V 1 r i SZA m J r A 1h ©> ft 02 tt 1 s* M i A l > 1 m is i °C yA Wirx Wind direction with speed in knots Wive height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30
      177 words