The Business Times, 11 June 1981

Total Pages: 22
1 22 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 THURSDAY, JUNE 11, 1981 60 CENTS
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  • BRIEFLY...
    • 102 1 KUALA LUMPUR, Wed. Depositors with the Employees' Provident Fund (EPF) will soon be able to withdraw 45 per cent of their savings or M 520,000 whichever is less to buy a house. Finance Minister Tengku Razaleigh Hamzah said this new benefit would be applicable to all and
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    • 72 1 Reuter PARIS, Wed. France's Socialist government proposed new taxes on windfall profits made by French banks and oil companies last year, and a new income tax of an unspecified amount for 156,000 top income-tax payers this year. Presidential spokesman Pierre Beregovoy said that that a four-hour
      Reuter  -  72 words
    • 64 1 Reuter BRUSSELS, Wed. A European Common Market investigation of charges of dumping has prompted Japanese and East European ballbearing makers to raise their export prices, EEC officials said today. A complaint from EEC manufacturers that they were being unfairly undercut spurred the EEC Commission to investigate the prices
      Reuter  -  64 words
    • 80 1 AFP ISLAMABAD, Wed. In their search for ways to normalise hostile relations, India and Pakistan today dropped mutual criticism of arms buildups and agreed that "each country had the sovereign right to acquire arms for self defence". A joint statement issued at the end of talks between
      AFP  -  80 words
    • 73 1 UPI WARSAW, Wed. A group of prominent intellectuals, including party members and top scientists and economists, today warned that Soviet intervention in Poland could have disastrous effects inside and outside the country. The group, known as "Experience and Progress," was formed by authorities two years ago as
      UPI  -  73 words
    • 56 1 Reuter DUBLIN, Wed. Irish Prime Minister Charles Haughey is fighting for survival in a general election tomorrow, with the latest opinion polls showing his Fianna Fail Party running neck-and-neck with an opposition coalition. The election campaign has been fought mainly over issues raised by the Irish Republic's
      Reuter  -  56 words
    • 61 1 UPI NEW DELHI, Wed. Afghan guerillas for the first time hijacked a busload of Soviet and Afghan women, killed four of them three Afghan and one Russian and then abandoned the bus north of Kabul. Meanwhile, in Kabul, a shoot-out erupted in President Babrak Karmal's Peoples Palace
      UPI  -  61 words
  • Chief Price Changes
    • 138 1 Rises Indices C K Tu| MTC Rotbmana Guthrie U M W Lingui 8 P P L Malayawata Grand Ceatral BAT Spore La ad OCBC Semb Shipyard S00 755 1000 476 570 270 440 432 510 288 1410 1220 710 +120 105 80 52 45 35 32 32 22 22
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    • Article, Illustration
      145 1 Rises Indices Inch KK 1400 150 June 9 June 10 Roth mans 1100 140 80 BT Index: *****4.30 *****9.29 Renong 600 Industrials. 1138.61 1156.87 C Sugars 1960 +80 Finance: 1837.77 1835.89 M Tobacco 790 +60 Hotels: 518.81 518.93 Shell 565 45 Properties: 1195.78 1197.33 U M Works 640
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  • 746 1  -  RUBBER AND OIL PALM ESTATES By CHOO AI LENG GENTING Bhd is close to finalising a hefty $300 million purchase of 8,000 hectares of plantation land in Johore belonging to the estate of the late rubber tycoon Ko Teck Kin. Tan Sri Lim Goh Tong,
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  • 236 1 AMIDST the generally cautious market undertone, a few stocks enjoyed strong buying interest and caused a minor boom in the Straits Times Industrial Index yesterday. The index rose 13.44 points to an all-time high of 912.28 owing to the intensive attention focussed on Guthrie, Rothmans
    236 words
  • 355 1  -  By FONG MEW LENG THE Government is prepared to exempt expatriates, on a case-by-case basis, from contributing to Central Provident Fund. This move reflects a softening of the decision in April that all expatriates employed on or after May 1 will have to contribute
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  • 366 1 SUPPLIERS of granite and sand have asked contractors to substantiate their allegations of short delivery. While acknowledging that there may be some truth in the claim of the contractors, suppliers feel that contractors should first be clear and certain about who the culprits are. The president
    366 words
  • 267 1 SHIP repairers may soon Increase their charges by about II per cent to meet rising costs. Industry members say tbe main cause for the rising costs is the Government's wage adjustment policy. It has substantially poshed np the wage bill which bow accounts
    267 words
  • 857 1 THE cash-flushed Sime Darby group, which fielded top ranking officials for a brief investment trip to the US recently, has reached agreement with three major American corporations that should strengthen its presence in the Malaysian and regional motor-tyre business. The agreements, which Sime
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  • Page 1 Advertisements
    • 13 1 [WuSHM^ T\ SINGAPORF. Business I\FOR K PEOPLE WHO MATTER A Times Penodcaß PubtcoKori
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    • 24 1 Diners Quh. Highly regarded 1 n# 19/919 •111 VIII* VI I i DINERS CLUB (INTERNATIONAL Call *228 far vour Diners Club application form today.
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    • 73 1 <.*_,`?'){-{)\~+\`'-@>*{]_[=<** mm A PATH to career achievement for the busy executive 5 THE dilemma facing timber companies 5 ASSOCIATION Management Centre set np SHIPPING TIMES COMMERCIAL counterfeiting getting ont of haad BAHRAIN'S leading banks take the lion's 5hare......................... OVERNIGHT rates plunge on the money market 12 TV AND R\DlO CROSSWORDS
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    • 108 1 the one and only Dr. Sony any day of the year *****1 MODERN MANAGEMENT READINGS URKMfr TH m ifjtMUi Ml to* F* TO* C SANDERSON FINANCIAL PLANNING FOR MANAGERS FINANCE AND ACCOUNTS FOR MANAGERS l»mdGoct. COMMUNICATE hrtiiwi'i Fonrwik It Bimi— Survival CI k •-i ,j 1/ M/ P,M< I /vWIMnW
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  • REGIONAL
    • 670 2 AP THE REAGAN Administration is stalling on Taiwan's request for high-perform-ance jet aircraft, out of concern that such a sale could disrupt the emerging relationship with China. While a decision to deny Taiwan's request for the sophisticated FX jets has not been
      AP  -  670 words
    • 290 2 AP SECRETARY of State Alexander Haig left last night for a two-week trip to the Far East, including a three-day stop in China. He is the first high-level Reagan Administration official to visit China. His visit comes 10 years after Henry Kissinger's secretive 1971 visit
      AP  -  290 words
    • 237 2 UPI CHINA'S decision to grant Guangdong and Fujian greater economic autonomy has resulted in sharp increases in production and revenue. The official Xinhua news agency said yesterday that the two southern coastal provinces had signed more than 7,000 contracts with overseas Chinese and foreign companies
      UPI  -  237 words
    • 261 2 AFP AUSTRALIAN Prime Minister Malcolm Fraser yesterday said Australia is still considering sending troops to the Middle East as part of a United States-sponsored peace keeping force. Mr Fraser's assurance that the proposal is still under consideration followed reports from Argentina that Deputy
      AFP  -  261 words
    • 181 2 AP A DECISION on whether to accept Sri Lanka's application to join Asean is likely to be made when Asean foreign ministers meet in Singapore next year, Malaysian Foreign Minister Tengku Ahmad Rithauddeen told Parliament on Tuesday. He said Sri Lanka's application
      AP  -  181 words
    • 139 2 UPI THAI Interior Minister Prathuang Kiratibutr resigned yesterday, delivering a serious blow to Prime Minister Prem Tinsulanonda's already shaky coalition government. Mr Prathuang, 59, had come under attack in Parliament for the failure of his police forces to solve a number of terrorist bombings. The minister,
      UPI  -  139 words
    • 145 2 Reuter INDONESIA must develop adequate alternative energy sources over the next few years to maintain its crude oil exports at around one million barrels a day. Addressing an energy seminar in Jakarta on Tuesday, Oil Minister Dr Subroto said that unless Indonesia, whose domestic
      Reuter  -  145 words
    • 92 2 AP MALAYSIA will send a technical team to North Korea later this year to study electrical power generation system. Deputy Prime Minister Datuk Seri Dr Mahathir Mohamed said there is great potential for increasing trade between the two countries. The mission will learn the technology
      AP  -  92 words
    • THE REGION IN BRIEF
      • 429 2 Agencies TAIWAN registered a trade surplus of U*****.7 million in May compared with a $115.7 million deficit in April and a $126.3 million shortfall in May last year. Exports in May were $2.06 billion against $1.9 billion in April and $1.62 billion in May last year. May imports
        Agencies  -  429 words
    • 725 2 ARRIVALS Service Local Operator Number Time From CPA CX710 1005 HLP GIA GA850 1030 HLP I SlA SQ103 1045 KUL GIA GA906 1045 MES MAS MH605 1045 KUL < PAL PR501 1055 MNL SIA SQ191 1105 PEN MAS MH682 1115 KCH SIA SQ240 1125 MES SU SQ106
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  • Page 2 Advertisements
    • 160 2 \C& ,v* x V 4# *<* rfM 8 v v- c^> tv 3 vtA^lo^ v: A> x v JJ* < J* I !>«*% <CI, > >>i s yr ■s*^ 4 t 1 o V?**" -vfjfflii Announcing Singapore's first-ever exhibition and sale of estate Jewellery from 1 all over the world.
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    • 212 2 Senior Appointment Our client, o well established group of companies with diversified distribution and monufoctunng interest m light industrial equipment, heavy machinery and motor vehicles offers a challenging opportunity tor a CORPORATE PLANNING MANAGER The appointee wtfl report to the Group General Manager He will be responsible for the onalysis
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  • OVERSEAS
    • 160 3 Reuter US SPECIAL envoy Philip Habib made fresh attempts yesterday to avert an Israeli-Syrian conflict over Lebanon but his task was hampered by Arab anger over Israel's air strike on an Iraqi atom plant. Mr Habib, who spent three weeks touring Lebanon, Syria, Israel and
      Reuter  -  160 words
    • 304 3 Reuter, UPI A KREMLIN warning that the independence of Poland is at stake has thrown Polish Communist Party hardliners on the offensive and raised serious questions about the future of the reform movement. Poles heard the warning on radio and television on Tuesday
      Reuter,; UPI  -  304 words
    • WORLD IN BRIEF
      • 418 3 Agencies THE Confederation of British Industry (CBI), anticipating the visit of Japanese Prime Minister Zenko Suzuki this week, has protested to the government against the trade imbalance between Japan and Europe. A CBI delegation asked that Japan either open its markets to West European goods by eliminating
        Agencies  -  418 words
    • 224 3 AP FIGURES made available by the US Labour Department on Tuesday showed unemployment rising in other key industrial countries as weU as in the United States. Last week, President Reagan's administration announced an increase to 7.6 per cent of the Amercan labour force, after
      AP  -  224 words
    • 87 3 AP THE FUTURE of the London Times and Sunday Times were thrown into jeopardy late Tuesday night when their new owner, newspaper tycoon Mr Richard Murdoch, reportedly threatened to close both papers if production of the Sunday Times is hampered by industrial action again this
      AP  -  87 words
    • 616 3 NYT IN THE wake of Israel's attack on an Iraqi nuclear reactor, oil industry officials and analysts on Tuesday discounted the possibility of an oil embargo against the US by Arab petroleum producers. This optimism, however, was tempered by a call by several deputies
      NYT  -  616 words
    • 496 3 AP PRESIDENT Brezhnev of the Soviet Union accused Washington on Tuesday of "using all sorts of pretexts" to delay the start of arms control talks with Moscow. "They in Washington declare that the US will very soon start or even has already started
      AP  -  496 words
    • 386 3 AP INTERNATldNALcooperation on tin may end and prospects for the commodity trade may darken If the current United Nations tin conference in Geneva fails to work out a new tin trading agreement. This warning was sounded on Tuesday by the chairman
      AP  -  386 words
    • 247 3 AP THE US has agreed to allow the Soviet Union to buy six million tonnes of American grain in the next (our months, the first such sales since the lifting of the US embargo. US Under-Secretary of Agriculture, Mr Sealey Lodwk*, said that
      AP  -  247 words
  • Page 3 Advertisements

  • RAW MATERIALS
    • 456 4 THE crude palm oil (CPO) futures market has been remaining firm and "upbeat" in the Kuala Lumpur Commodity Exchange (KLCE). At the close of a recent KLCE trading, the number of open interest lots surged to 1,484, equivalent to more than 37,000 tons of
      456 words
    • 152 4 WHEAT futures in Chicago on Tuesday closed on top of a 7'/i cent range, up 2'/« to five cents a bushel in moderately active trade. Initially, prices declined on carryover local selling following Monday's setback and in sympathetic movement with lower financial instrument futures markets. The professional house and
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    • 228 4 RUBBER prices in Singapore yesterday closed slightly easier with July One RSS buyers quoted at 248.00 cents per kilo, down three cents from Tuesday's close. Morning prices were marked down about two cents on some selling and lack of buying support. Afternoon prices fell further on some stale bull
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    • 335 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 241.00 242 OON Int. 1 R.S.S. July 250 00 230 50 Int. 1 R.S.S. August 256 00 256.50 Int. 2 R.S.S. 227.50 228 50N UK/Cont 226.50 227.50N Int. 3 R.S.S. 222.00
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    • 110 4 NOONSSR i ind SMR p ricae yesterday RAS J-ly AHfUlt (Carreat Mtk) (Forward Mtk) SSR20 Buyer* Se Uere Bayers Aellere (1 too pallet) 218.00 219 OON 220.00 222. OON SSR 50 (1 ton pallet) 216.00 217.00N ***** 220 OON MRELB SMRCV (1-too pallet) 301S0 SOS SON 303.50
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    • 90 4 THE STRAITS tin price in Penan* yesterday feU eight cents to MS2S.S2 a kilo, still within the ITA lower range of $21.28 to $*.11, dealers said. The fall was attributed lower overnight London market advices and increased offerings of metal. However, the decline was restricted by buying from
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    • 34 4 Rubber June 10 Singapore: July: 248.00 cents (down 3.00 cents) Malaysia: July: 269.00 cents (down 3.50 cents) Tin: M 529.62 per kilo (down 8 cents) Official offering: 167 tonnes (up 40 tonnes)
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    • 106 4 SOYBEAN futures in Chicago on Tuesday finished 3V< cents a bushel higher in nearby July to up 15 cents in deferred July. Soy product futures closed higher, in concert with soybeans. Sympathetic local shortcovering following strength in soybeans pushed prices to the top of day's ranges. The current US/USSR
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    • 180 4 CHINESE Pradaee Exchange, Singapore, noon rlaalng prices per IMkg yesterday. CMwait *U: Bulk fob $116.00 sellers, old drum (in second hand drum) fob $129 00 sellers, new drum fob $135.00 sellers. Capra: Mixed (loose) $68.00 buyers. Pepper: Muntok white pepper fob Asta NLW $412.50 sellers, Sarawak white pepper
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    • 139 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yara: China Blue Phoenix 20s 2,350; 32s 2,870, 40s 3,030 (per bale of 400 lbs). Pakbtaa raw eattoa: LSS 5.92. 4F 5.90; 289F 5.96; NT roller ginned 5.93 (per lb). CLOTH in
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    • 329 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.34, 100 per cent second class 1.08, 100 per cent third class 1.06, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special
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    • 792 4 COFFEE: Robusta futures consolidated earlier gains to end the morning £2 to £7 a tonne higher with prices supported by short covering and continued commission house buying. Over half the morning's turnover of 2,064 lots was concentrated in Sep which last traded at £837. SUGAR: Raw futures opened
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    • 171 4 IN THE Kuala Lumpur market yesterday, prices firmed on short covering in active trading, dealers said. June central region was higher ex-mill at M 51,140, July south $1,100 and central ex-mill at $1,090. August south and central rose $30 and $35 respectively to $1,035, September south $20 to
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  • Page 4 Advertisements
    • 145 4 EQUIPPING A RIG IN RECORD TIME. I i 4 jlk 1 ;<r ■5 >>v P/5 r. i .L r i V E3 C K .W»^% A leading equipment supplier to the oil industry was asked to supply and install some sophisticated equipment on board the semi-submersible drilling rig, "Hakurya IE".
      145 words
    • 27 4 this sign means MORE! An immaculate carmore polish, more accessories, more back up service! Our sign means more, our service Droves it. BTW OmrßmnMh Plume: *****30/*****24/6 *****
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  • TRADE AND INDUSTRY
    • 150 5 NEW technology in aircraft propellers has resulted in greater safety, simplicity and horsepower performance. This specialist subject of aircraft propellers was discussed at a three-day seminar which ended yesterday at the Marco Polo Hotel. The seminar, the first of its kind in South-east Asia, was sponsored by
      150 words
    • 303 5 EXECUTIVES in search of wider management knowledge and skills but short of time can now turn to the Extension Institute for practical, self-paced and comprehensive courses of study. The Singapore Institute of Management (SIM) now offers the complete range of courses developed by the American
      303 words
    • 373 5  -  By RICHARD SEAH TIMBER companies here are finding it increasingly difficult to insure their business, although they are willing to pay higher premiums. Some timber industrialists claim that many insurance companies have backed out of timber insurance. A plywood manufacturer said this gives the remaining few
      373 words
    • 111 5 THE owners of Century Park Sheraton Hotel in Nassim Hill, All Nippon Airways Enterprises (ANAE), has renewed its franchise agreement with Sheraton Corporation. The 10-year agreement, effective June 5, puts an end to previous doubts about the renewal of ANAE's two-year agreement with Sheraton which
      111 words
    • 236 5 TURQUANDS, Ernst and Whinney, one of the biggest auditing firms here, will change its name to Ernst and Whinney from next month in line with the internationally known Ernst and Whinney group. The new Ernst and Whinney will have the distinction of having the first female
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    • 217 5 EXECUTIVE Communications (Execcomm) Services, a leading meetings manager and organiser here, has formed an Association Management Centre to provide a permanent secretariat for professional, social or trade associations. The administration manager of Execcomm Services, Mrs Gloria Lim, said: "There is actually a critical need
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    • 522 5 SEMINARS AND COURSES June 6 and 20: Motivational Selling Seminar, SIM Conference Room, Singapore Institute of Management June 8-12: Allen Management Seminar, SIM Conference Room, SIM and Louis A Allen Associates June 10-17: Top Management Development Programme '81, Hyatt Regency Hotel, National Productivity Board June 11-12: Mergers and
      522 words
  • Page 5 Advertisements
    • 336 5 At Green Lodge we offer you the living Style Of the future a spectacularly designed home not only located in one of the most pleasant residential areas, but also just minutes away from the industrial and commercial centres of Singapore. This is a development providing all the convenience of condominium
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    • 3 5 See page 1
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    • 138 5 ;@[**,+^]+\):-$<[!;+]`*-(!&@.~% *1 #•> r »i». f >v- >1 a "T. i"sm IB '••>" r*. The gentle whisper of an era of charm and graciousness. 1819. B //7 the impersonal, calculating climate of business, one must not overlook a single opportunity to return to a world of care, graciousness and charm.
      138 words

  • 389 6 SINGAPORE has the distinction of being the country with the highest rate of compulsory savings in the world. An enforced contribution of 22 per cent is a hefty chunk of each working person's monthly salary, by any standards. Singaporeans and foreign workers who do
    389 words
  • 317 6 THERE ARE not many associations that can boast of a strong secretariat. Rare is the association that considers a well-managed secretariat a worthwhile investment. The end result is that associations are administered by amateurs; they are bodies which know not what their individual members do
    317 words
  • 1681 6 The problem is getting out of hand. The problem, reports PAUL CHEESERIGHT, is that of commercial counterfeiting which has now extended beyond the motor industry into electronics, pharmaceuticals, luxury goods, fashion wear and sports goods. The way to cheat is very easy; all
    FT  -  1,681 words
  • 587 6  -  VISIT TO INDIA By GRANVILLE WATTS Reuter BEIJING is ready to make its peace with India and Chinese Foreign Minister Huang Hua's visit to India later this month could achieve significant results. That is the belief of Dr Subramaniam Swamy, a Harvard-edu-cated leader of India's opposition Janata
    Reuter  -  587 words
  • Page 6 Miscellaneous
    • 619 6 1 I -IK-ORE CROSSWORD CRYPTIC PUZZLE ACBO6S 1 A fast writer (5) 6 Vehicle next to its driver (5) 9 Roguish style of entrance? (7) 10 Not a steady item of diet (5) 11 Communication concerning part of Plymouth (5) 12 To love and to cherish, perhaps (5) 13 Showed
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    • 57 6 Bxi^tcJJV'rl^ra^XiuzkJE^xS GUN a Ff\mes Tms IS N BRISTOW of thz cuesreß PeRRV 6UV\NG DEPT... Jj irs about *x>R Crlqcf*?.. uetJOMoeR R m»srpic£. MRS B&£h) rnRDe c \u Twc. PRST u>e Mp»vie ruljbys SeXjeiveD Ft?ornvou R GRje UJMICM URS c <fteWLV RPPBEOP,I6D. this Yepißs However triers STPOfeLY HOMES OF €NGtAtO P>H
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    • 774 6 TiVlfc BABOON BEHAVIOUR DR JANE GOODALL, the wirM'i fsremeei aatherity on fMmpißim, preeeata ene part sf aa Emmy-award wiulig series m wild-life called Jaae fwhtf Ami Tke Werfcf Of AalauU Bek»vhmr, "The Bthiw Of Gem be" (channel S, 7M). feud la the Gwke Nate al Park la Tsnsaaia. Dr Cm
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  • 731 7 SHE is fair, in fact very fair. With her shoulderlength silken hair, carefully-plucked eyebrows and bright sparkling eyes, she could pass off for one of those pretty faces that grace the pages of a glossy woman's magazine. But, at 31, Fang Ai Lian is not just
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  • 959 7  -  FORUM with MARGARET THOMAS CORPORATE sponsorship of special television telecasts is well under way in Singapore. Tennis fans sweated with Ivan Lendl as he fought his valiant but vain battle against Bjorn Borg under a blazing Paris sun last weekend, telecast live courtesy of Banque Nationale
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  • Page 7 Advertisements
    • 122 7 COCKTAILS? The Holiday Inn has a way of turning out the finest at cocktail receptions. And making important occasions impressive celebrations. With splendid service and a superb range of sumptuous spreads. Accompanied of course, by the usual drinks and our to keep your guests in\~us see to the comes, all
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  • BANKING AND FINANCE
    • 484 8 BANKS in Singapore are slightly hesitant about initiating a regional clearing system here. The extent to which they will take up the challenge thrown at them by the Government depends on how much a clearing system fits into their own corporate interests. In particular, it depends
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    • 543 8 Reuter ANY EXPANSION of the Madrid interbank market as a source of large long-term domestic finance depends mainly on the leading Spanish banks, which so far have shown little interest in participating in the market. The traditional Spanish banks, which have deposittaking as their main business, regard the
      Reuter  -  543 words
    • 164 8 AT LEAST six credit ctmpuiM la KuaUa are believed to have beea cheat ed ef MSOMN la laaai threagh a syadleate lavaJved la "baytag aad seiliag" used can. Oae eempaay valaed tto leas at mere thaa $*411, while the rest are said to have beea «wtodlad d
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    • 647 8 Agencies BRAZIL is raising two credit packages of export credits and Euroloans totalling US$B66 million to finance aviation and railway projects. Empreaa Bnudlelra de lifra Eitnetar» Aertptrtuaria (lafraera) is borrowing US$25O million though 10-year buyer credits and $316 million in Euroloans to develop air traffic control systems
      Agencies  -  647 words
    • 200 8 EUROPEAN Economic Community (EEC) governments face growing pressure to open talks with Washington on the effects of the dollar's sharp climb on world money markets. EEC sources said in Brussels on Tuesday that the dollar's generally strong trend recently has been boosted by high
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    • 79 8 THE GOVERNMENT of Finland has signed a contract to float a 20 billion yen Samurai bond, yen denominated bonds issued by foreign borrowers in Japan. Yamaichi Securities Co Ltd said as lead manager that the 12-year bond, priced at 99.35 per cent, carries coupon of 8.5 per
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    • 333 8 THE BANK of Japan said more national bonds should be issued through public auction, the results of which accurately reflect market conditions unlike fixed-rate issues. It is also desirable for the government to continue to reduce flotation amounts. The bank said in a monthly
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    • 267 8 MR TAKASHI Kato, international finance director of Japan's Finance Ministry, said the yen has fallen too far because high US interest rates have strengthened the dollar too much. Mr Kato said he believes US interest rates will peak soon because they have been at a high
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    • 338 8 AP THE FEDERAL Reserve Board agreed unanimously in Washington on Tuesday to allow US banks to set up International Banking Facilities (IBF) in an effort to attract foreign banking business to the United States. The IBF will be free of domestic reserve requirements and interest rate
      AP  -  338 words
    • 164 8 THE WEST Germaa government's plan to apply basks 1 eqaity ratios m a c ■—■Mated basis wmM Impair their ability to provide credit to the lavestmeat aad expert mtow the Germaa rr—my. Dreadaer haak saoervisery heard chairmaa Helmut Haeasgea said Germaa balks' prsflto aad international campetitiveaeM waald sailer.
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    • 38 8 Reuter CHEMICAL Bank has lowered its broker loan rate to 19 l /i per cent from 20Vz per cent, effective immediately. Most major New York banks are posting a 21 per cent rate. Reuter
      Reuter  -  38 words
    • 38 8 GENERAL Motors Acceptance Corp is raising $100 million with a six year Eurobond through Chemical Bank International. The bond, in the name of GMAC's overseas financing subsidiary, will carry a 14 per cent coupon with par [Hieing.
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  • Page 8 Advertisements
    • 126 8 Allied Banking Corporation ANNOUNCES THE OPENING OF ITS SINGAPORE REPRESENTATIVE OFFICE SUITE 1106, 11th FLOOR SHENTON HOUSfc, SHENTON WAY SINGAPORE TEL. NOS. *****86/*****31 ROBERTO T. BORROMEO REPRESENTATIVE OTHER INTERNATIONAL OFFICES ALLIED CAPITAL RESOURCES, LTD. A wholly-owned subsidiary of Allied Banking Corp. Suite 911 New World Tower 16-18 Queens Road Central
      126 words
    • 193 8 X °a«* Dreaming of a house? Buy it now wilh the help of Chase C.B.G* Fed up with paying rent but haven't enough money to buy a house? Your first step to home ownership is to call Chase. Chase *Consumer Banking Group can help you with a loan, for a
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  • MONEY AND EXCHANGE$
    • 440 9 THE US dollar opened at 2.1620 against the Singapore dollar in the foreign exchange market yesterday. It moved to 2.1580 before gaining some ground to reach 2.1630 in early morning trading. The US unit reversed its trend in the aftenoon, falling sharply to close at 2.1550/60 in highly
      440 words
    • 139 9 THE US dollar for overnight delivery yesterday closed slightly firmer at 227.35 yen, compared with a 227.00 opening here and 226.80/ 227.10 closing in New York overnight, dealers said. Trading volume was active and heavy with volume US$l.52 billion. The dollar moved narrowly between 227.35 and 227.55 yen in
      139 words
    • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their beat customers is 12.97 per cent.
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    • 183 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on June 10. U8 Do(l»n(8po() Offer Bid 7 days 18% 18'1 1 month 17 7/18 17 5/16 2 months 17 7/18 17 5/18 3 months 17 7/18 17 5/18 6 months 18V. 18H 9 months 16% 18% 12 months 185/18
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    • 52 9 RANGE of price* often !d by dlacount houeee a* June 10 Overnight: M to 0W% Call deposits: Vk to CUM Bmrimf 3- month MN Treasury bills 87/10 0 5/10 3-month Bank bills 13H 13W 3 months CD 12 7 4 12V, 6 months CD 121/10 11 15/10 Source: National
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    • 43 9 THE Monetary Authority of Singapore has invited banks and discount bouses to tender for a total of $110 million 91-day Treasury bills to be issued from June 15 to June 19. Each tender must not be for less than $250,000.
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    • 217 9 SINGAPORE gold futures yesterday closed firmer on some short-covering influenced by the rise in Hongkong, dealers said. Trading was light with total sales for the day recorded at 82 lots while kerb volume at 78 lots, they said. Prompt closed higher at U*****/468 an ounce against 462.50/465.50 on Tuesday,
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    • 35 9 New York 9.MB 10.16B 10 ICS ioxs Zurich 10 07B closed 10JOS WmA fm Singapore 10 06B 1010B 1025S 10.30S Closing prfc •e* In US doUan troy ouk t. Source: Credit Suisse, S'pore.
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    • 127 9 THE US dollar yesterday recovered slightly against most major currencies in thin late foreign exchange trading. The dollar recovered to 2.3830/45 marks from an early 2.3800/15 and to 2.0935/ 65 Swiss francs from 2.0690/ 0940, while sterling eased slightly to 1.9590/9610 from 1.9635/55. The dollar was indicated at a
      127 words
    • 129 9 THE dollar yesterday opened sharply lower at 2.3670/80 marks after its late Hong kong 2.3830/45, its New York close on Tuesday of 2.3810/40 marks and its closing here of 2.4010/30 marks, dealers said. Dealers said the dollar is continuing its trend in the US on Tuesday, when it was
      129 words
  • ASIAN STOCKS
    • 415 9 TOKYO THE market average on the Tokyo Stock Market yesterday gained 109.25 points, the second largest daily rise this year, to close at 7,484.52 with investors encouraged by the yen's partial recovery against the dollar, dealers said. Trading was slow with volume 330 million shares as many
      415 words
    • 255 9 THE market yesterday scored a new 8 year high in hectic half day trading. Blue chips were firm as institutional buying continued to pace the market. Hutchinson was the big gainer as it added 50 cents to $20.80. Cheung Kong also gained 50 cents to $32.75. HK Bank, after
      255 words
    • 336 9 INDICATIONS of a new upward push on domestic interest rates, a levelling off of international gold prices and a bout of end financial year tax-squaring sent stocks into a sharp decline yesterday, dealers said. Oils were particularly hard hit on predictions world crude prices could continue to decline. The
      336 words
    • 266 9 Reuter KUBOTA Ltd expects its taxed profits to rise 8.8 per cent to 16 billion yen for the business year ending April 15 next year from last year. Sales for the same year are also expected to reach 560 billion yen, up 7.3 per
      Reuter  -  266 words
    • 161 9 STOCK prices yesterday closed generally steady In sluggish trading, dealers said. Jalaprathan Cement, Rama Tower and Asia Fibre dosed unchanged at 110, 69 and 148 baht respectively while First Trust dropped 0.50 baht to 57.50. JUKI 10 Bahti Ajta C«dit Ajk ribr* 141 unch Bangkok HaiMint fknfc at •i
      161 words
    • 83 9 THE stock market yesterday was again mixed. JVMt M Paao* Acq* kUnln« MM ««f AUu Coo A Atlas Con. a MM *1» OoM mm OBCta hontt Coo. I MM uncb BF Ooodrteh It* cocr 4jM I iMrrtl Laptnlo a 11M unch Martnduq*» IM 1 OrMotai A OrtMMI B Mt
      83 words
    • 51 9 FINANCIAL TIME8 INDUSTRIALS Tuesday 545.8 Monday 547.9 Week Ago 547.0 DOW JONES AVERAGE INDUSTRIALS Tuesday 9W.44 Monday 986 54 Week Ago 987.49 H.K.HANG SENG Wednesday 1734.25 Tuesday 1719.07 Week Ago 1711.87 AUSTRALIAN INDUSTRIALS Wednesday 747.7 Tuesday 752.1 Week Ago 7519 ALL ORDINARIES Wednesday 703.1 Tuesday 711.7 Week Ago
      51 words
  • 1436 9 Banking opportunities in Bahrain are greater offshore as, without a doubt, the country is now overbanked. If the OBU concept has been introduced earlier, fewer foreign banks would have found themselves in the domestic market. MARY FRINGS examines the activities of Bahrain's 20
    1,436 words
  • 1070 9 NEW YORK STOCK MARKET THE NEW YORK stock market oo Tuesday ended on a weak note, pressured by mounting concern about developments in the Middle East. Analysts said investors generally were waiting for an indication of the Arab response to Israel's bombing of an Iraqi nuclear
    1,070 words
  • 120 9 FIRESTONE Tyre and Rubber Co's North American Tyre operation» had a pretax operating profit of US$l7 million In the second quarter ended April 30, compared with a 13 million loss a year earlier. The company reported a second quarter profit of $27 million, compared with a year-ago loss
    120 words

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 268 10 JUNE 08 r™ 4/CORBEILLE Atr-Llqulde m 4« B S N Gervals Danone •15 22 CSF (Thomson Csf) 1*1 4-4 Cle Francalae lei Pttroln 128 5 Compafnle Financier* Compacnlc Generale 774 Credit Fonder n» France 329 >2 Kachette (Llbralrle) 276 -4 Machines Bull as 42 Mlchelln (B) 734 -1 Parlbaa
        268 words
      • 86 10 JUNE 08 Fn FORWARD MARKET Acec «7 unch AfM I1W -4 AJtur 310 -10 Bnacui na -M Bru-Lamb 1100 ■4 Canpar 1570 unch Cock sujp De Beers 300 unch Ebes 1270 -22 Eleclrobcl 2715 -35 Ob-Inno-Bm laao On 1234 -1* Hobok 2100 -100 PMro 3700 -180 Ryl Dutch 1218
        86 words
      • 221 10 JUNE Dm Aea-Telefunken 90 SO -0 9 Akao 2X10 lis Alia Leben Alls Vera BASF Bay H T Wbank Bay Vbank iotsoo 470 00 132.00 104 00 n 4 oob -S unch -U •1 Bayer BBC BMW CaaKlla Chem Vans Commerabank IX) 00 382 00 in so 250 00
        221 words
      • 184 10 JUNK OB FU ABN 280 00 -15 Ahold MOO 0J Akao 24 60 0J AMEV mo 0J Am Taj woo -1 Amrobnk 51 X 0.4 Ber^ou 34 50 -13 Berk 44 80 0.3 Boa 00 30 -03 Borsumij ***** -10 Burhmtnn 56-00 -0.4 Caland 37 JO -0J» Calve Delft
        184 words
      • 185 10 JUNE OS rranes Actions Suuaei 257 -Ito Alusulaar Br MO -IS Aluiulnt Rac. 302 unrh Brown Bowr1 Br 1315 -S Ctta (Mo Br. 1190 -10 Oba 0«tfj P C no 5 Clba Oelcr Rc« 531 -4 Credit Sutaar Br 2140 8 Credit Sulaar Rrf 307 -1 Elattrowatt Br 2445
        185 words
      • 103 10 JUNE 00 Lire Anftr MO 30 Amoc Oen *****0 700 Bastocl 434 5 Centrale 0330 4 110 Plat 2388 58 F Insider 72 -1 Gen Immob 2730 -88 In Prt 8156 4 146 ItaJcemenu ***** 1010 ItAlf&S 1310 -46 Iiaistder 300 unch Ma*neti MP! 1108 ♦4 Martin Ere MHlloh
        103 words
      • 200 10 JUNE OS CI Ahltlhl 36% v» Aleaa 3»< Alfom* m unch Bank Mont an Bank Nova Scoila Bell Tel M* BeUi Corp BP Can Ltd !Z 44H Braacan »H 1 Camp Red Lake 19H Can Imp Bk a% 4k Can par €V+ H Canpae In* Pf a« Carting OXeefe
        200 words
      • 290 10 JUNE OB Rand INDUSTRIALS A Alpha 410 -IS Abercom 410 unch AE And CI 870 unch A Mir 2850 Rarlnm 900 5 Cf Sufar ino 660B 446 Currte Finance 230 unch De Beers Ind 3700 ■riMM 630 unch Mprt Evereidf r«i Vftifc 506 5 Fu|4t 20G n«ilt*n O tenant
        290 words
  • Page 10 Advertisements

  • COMPANY NEWS I
    • 611 11  -  By CHRIS LIM SISTER companies Central Properties and Town and City Properties have reported sterling profits for the year ended December 1980, but most of the revenue has again been derived from investment income. The principal activities of the two companies are listed as property
      611 words
    • LATEST RESULTS
      • 86 11 group pre-tax profits amounted to M$7.8 million for the year ended March 1981 compared with 18.15 million the previous year. Net profits after tax amounted to $3.37 million against $3.96 million. The directors have proposed a final dividend of 11 per cent which, combined with the interim dividend
        86 words
    • 475 11  -  By THE CITY STAFF PLANTATION group Keck Seng (Malaysia) is diversifying its activities, particularly into real estate development. This is especially so in view of the acute shortage of land for plantations. In his 1980 annual statement to shareholders, chairman Mr Ho Yeow Koon also details other
      475 words
    • 788 11 Carreat Paymeat Ex Date Claae Date Payakte Tatal for tke year Trial for Prevteaa 3 API Aeau A1CMB A p«U« BataKawaa Diaatnaliii CCM C Piepertlee Ckeotad CktaTeek D Keruut MYng Daft Dev DutopM Datck laky E AI Eaae Pre* Em Yaa Saag r Merita 01 HMga GakTcafai Oii<»ii<
      788 words
    • 394 11 Company Particulars Ex Date Books Close Ak»m Proposed rights issue of 2 fori fe, $1.70 per share NY A NYA API Rights issue of 1 for 1 fe $1.00 per share Jun 25 Jul? A Eaternrteea BMMteM Bonus issue of 1 for 2 Proposed rights issue Jun 3
      394 words
    • 410 11 LARUT Tin Fields is confident that its proposed inroad into property development will generate satisfactory returns because of the prevailing buoyant Malaysian property market. According to chairman Mr Siew Nim Chee in his latest annual report to shareholders, the recentlyannounced acquisitions of three property companies when completed will
      410 words
    • Article, Illustration
      477 11 mm® by HOCK LOCK SIEW LATELY, the old rumour about a takeover attempt on lower-liner Amcol Electrical Industries has resurfaced in the stock market. Considering that Amcol's share price had bucked the general downtrend during the past two weeks, moving up from Si.3o to around $1.45, investors would
      by HOCK LOCK SIEW  -  477 words
    • 301 11 TALAM Mines is searching for and trying to identify investment opportunities, including Joint-venture housing development on part of its mined-out land. This is consistent with the company's emphasis on growth and expansion, according to chairman Mr W J Huntsman in his latest annual report to shareholders. Positive
      301 words
    • 620 13 MALAYSIAN Plantations Bhd (MPB) is seeking new investment opportunities to increase its existing acreage and to diversify into other areas of operations. This basis for further growth was outlined by MPB chairman Tan Sri Datuk Lee Loy Seng in his latest annual report
      620 words
    • 190 13 BOUSTEAD Holdings has announced the appointment of Mr W C Henderson as group general manager for Sabah/Sarawak and Brunei. He is based in Kota Kinabalu and is responsible for group corporate development in these territories. Soon after graduating in 1972 from Oxford University, Mr Henderson
      190 words
    • 464 13 MALAYAN United Industries (MUI) has not ruled •at the possibility of going ahead with Its bid for Singapore-based Ming Coort Hotel Ltd and Hotel Malaysia Ltd, despite earlier speculation to the contrary. In a brief announcement yesterday, the gronp disclosed that It had
      464 words
    • 739 13 PACIFIC Development Credit has had another good year and indications are that 1981 will be even better. Group pre-tax profit was up 10.8 per cent to a new high of M 55.03 million, thanks largely to improved contributions from its finance arm, Malaysia Borneo Finance, and a major
      739 words
    • 451 13  -  FOLLOWING TWO ACQUISITIONS By THE CITY STAFF FOR the first time since its incorporation at the end of 1975, Malakoff Berhad will become a borrower following the acquisitions of Taiping Rubber Planatation and Sabah-based SADPO, both of which will alter the company's gearing. However, chairman A Charton said
      451 words
    • 197 13 KHONG Guan Holdings (M) Bhd has achieved a 45 per cent rise in group pre-tax profit to M 54.73 million for the year ended Dec 31, 1960. The bright results were expected after the group's mid-term earnings which were 56 per cent higher at $2.39 million, mainly
      197 words
  • Page 11 Advertisements
    • 69 11 restaurant presents Wednesday fashion at 1.15 p.m. Try our sumptuous Hunan delicacies at no extra charge Exquisite clothes of RAYA FASHION HOUSE 355,15t Floor Orchard Plaza. Orchard Road. Singapore 0923 Cosmetics:• KANIROL BEAUTY HOUSE KKEE BEAUTY HOUSE Mode/s iMANNEQUIN ARTS STUDIO 0506. Singapore Shopping CentrelTel: *****22 Liquor: !F00D& BEVERAGE PTE.
      69 words
    • 146 11 yours to enjoy at Desaru... the warmth and hospitality of Merlin. m Typtcsl Hollywood Ttm/Kmg Bedroom HSi Hottl Man Lobby Rtapuo* Art* Lobby Bsr/Louagt Tyfnctl Twin Btdroom :**r A 100 international standard rooms. Complete convention facilities. And that special warmth and hospitality a Merlin hallmark that has generated a chain
      146 words

  • 1745 12 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. BECTION ONE INDUSTRIAL A COMMERCIAL Acma (4.288
    1,745 words
  • 177 12 Singapore unnrr tbiwt DIAMOND MG1 STOU t The Commerce tor Jh 11) 3.83 4 03xd (Ma—gw' Diamond S'pare Fd tar tai 11) US»- 100 The Saving* Fund 2 19 2.30 S82.16 S'pare Prog Fund S'pare Sec. Fund 1« 2 59 1.7C 2.72 INCOME ■ONDUNIt S'pore Invert Fund S'pare
    177 words
  • 2770 12 1M1 High Low Company Gr'a Gr'a Net Last Div Div YTd P/E Vol Day Sale -for- Cvr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 450 334 312 420 200 470 950 MS* 430 320 Acma Alcorn 130 Allied Choc 161 BAT 330 Bata 110 Ben 360 Berjaya
    2,770 words
  • 1838 12 BID and offer 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 INtXJ&ntlAlii AJcmb (3 708 3.745) (5) 3 70 (2) 3.72 (1) 3.74
    1,838 words
  • 94 12 BOU8TEAD H«Ml>gs Berhad: AGM to be held at Wisma Bou$tead. No. 71 Jalan Raja Chulan, Kuala Lumpur on June 11 at noon. MALAKOFF BrrkU: AGM to be held at Wisma Boustead (4th Floor), 71 Jalan Raja Chulan, Kuala Lumpur on June 11 at 11 am. AMBASSADOR Hatel Limited:
    94 words
  • 734 12 INTENSE tradlag la seleettve stocks lajeeted life lato aa otherwise slaggbh market yesterday. The meralag epeaed with Gathrle BM performlag a eae msa shew while the reat of the eeaaters coaled their heels fey the rideHaes. Baylag laterest spread to a nnmfeer sf special sitaattoa stocks
    734 words
  • 554 12 THE KUALA Lumpur stock market showed better trading confidence as share prices moved to higher ground yesterday. Improved sentiment, apparently an extension of Tuesday's late recovery, prompted market operators to deal more positively, while sellers maintained a low profile. Opening levels were generally higher and prices
    554 words

  • Page 13 Advertisements
    • 299 13 Sorne peoplesay we've got quite history behind us As a multi-faceted multinational. For instance, we've been in the motor vehicle business for some years Not counting our experience in engines, that is. We sell and service the most prestigious car ever to grace the road the BMW Which is why
      299 words

  • 353 14 AFP THE APPLICATION of Laker Airways for transpacific operations has stirred up fears of a fare war among airlines and a sense of "catastrophe" for Hongkong's Cathay Pacific Airways in particular. While the hearing before the Hongkong Air Transport Licensing Authority (Atla)
    AFP  -  353 words
  • 138 14 AFP CHINA will manufacture aircraft parts for the American Boeing company following the recent signing of a contract between Boeing and Chinese groups. The China Daily reported yesterday that the contract provided for the manufacture of 4,900 parts for Boeing 737 and 747
    AFP  -  138 words
  • 317 14 AP WEST German Economics Minister Otto Lambsdorff said yesterday he had "reached an understanding" with Japan on the need to hold down car exports to his country one of the few nations in Europe that has condemned protectionism as a means of
    AP  -  317 words
  • 319 14 AFP THE GOVERNOR of the Philippine central bank, Mr Jaime Laya, defended the government's allocation of five billion pesos (about US$667 million) for a special fund to bail out financially distressed industrial companies in the country. Mr Laya particularly took exception to the
    AFP  -  319 words
  • 545 14  -  By SIOWLI SEN,ALVIN TAY OVERNIGHT rates on the local interbank money market crashed to a low of Vi per cent yesterday after trading at dizzy heights of about 50 per cent on Monday. Bankers said yesterday's sharp drop was partly due to technical
    545 words
  • 134 14 Reuter IRAN'S central bank governor, Ali Reza No ban, who has been sharply critical of the government's economic policies, resigned on Tuesday. Mr Nobari's resignation was submitted to President Abolhassan Bani-Sadr, who appointed the 33-year-old California-educated official last year. The president accepted the resignation. A
    Reuter  -  134 words
  • 774 14 LONDON. Wed The market closed mixed after a moderately active session today, with UK government bonds gaining up to half a point helped by the firmness of sterling and yesterday's latest UK banking and government borrowing requirement figures, dealers said. The Financial Times index at 3pm was down
    774 words
  • 99 14 AP NEW YORK, Wed. The stock market turned higher this morning as a major US bank cut its prime lending rate below 20 per cent. The Dow Jones average of 30 industrial stocks rose 2.41 points to 996.85 in the first half hour. Advances held a slight
    AP  -  99 words
  • Page 14 Advertisements
    • 189 14 A Career Development Guide for Asia's Young Managers The latest ideas on management Read Snapshots of success stories Companies People in focus Theory Practice essays you can't do without Getting the best from your banker Executive Job Market Investment Ideas And many more. Why not subscribe today? Write or call:
      189 words
    • 147 14 from now,your Matthew Norman carriage clock could be worth a king's ransom Inspired by one of the greatest horologists in history Abraham-Louis Breguet Matthew Norman designers and craftsmen have succeeded in recreating some of the most famous of all carriage clocks. Handcrafted from the finest materials, the Matthew Norman collection
      147 words
  • Page 14 Miscellaneous
    • 66 14 IWfrATtHERi Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in few areas clearing in late morning. Report for 24 hours prior to 7.31 pm on Jane 19 at the airport. Maximum temperature 30.7 Associated humidity 60 Minimum temperature 25.2 Associated humidity 83 Hours of sunshine 9.40 Rainfall
      66 words

  • SHIPPING TIMES
    • 209 15 THE income derived from the ports belonging to Thai Maritime Navigation Company (TMNC) amounted to only 2.4 million baht from operations in the first seven months of the fiscal year beginning last October. This is a sharp decline when compared with the income of
      209 words
    • 485 15  -  By JAN LEE THE East Asiatic Company Ltd (EAC) of Copenhagen has acquired the Knutsen Line service in the trade between the North American west coast and the Far East/Western Australia. As part of the acquisition agreement, EAC has acquired the Norwegian company's share in
      485 words
    • PORTSIDES
      • 75 15 SHIPPING firm Koninklijke Nedlloyd Groep NV fears it may be denied access to Chinese ports by the authorities, director EA Postuma said. He said China is subjecting Nedlloyd vessels to delays and limiting their access to port facilities. This follows a Dutch government decision last December to allow
        75 words
      • 66 15 SOUTH Korea won $895 million worth of foreign shipbuilding contracts in the first five months of this year, more than double the 445 million in the same period last year, Seoul Commerce and Industry Ministry officials said. The country plans to increase its shipbuilding capacity to 3.6
        66 words
      • 51 15 THE Singapore Association of Shipbuilders and Repairers (Sasar) will be holding its 13th annual dinner and dance on June 20 at the Island Ballroom of the Shangi-La Hotel. The guest of honour will be Dr Tay Eng Soon, the Minister of State for Education, and Mrs
        51 words
      • 105 15 AFP INDONESIA has called on other Asean countries to make use of Indonesian ships in exporting their products to the Middle East. Making the appeal, director general of sea communications Pongky Suparjo said almost the entire exports of the Philippines, Singapore, Malaysia and Thailand had
        AFP  -  105 words
    • 703 15 Shipping line Page C«l Arhipelego vn 1 Adriatic VI 5 Afea VI 3 Afro-Eurasia VI 2 A1 Navigation VI 2 Alltra ns VI 5 Alpac VI 5 Angkutan VI 4 Angonave vm 1 ANL I 1 Antoll vm 1 APL m 45 Argentine IV 4 ASCL m
      703 words
    • 373 16 SOUTH Korea plans to tighten the rules which allow container shipping lines to trade at its ports. The move is a bid to crack down on what it considers are low rates charged by outsiders and to prevent overtonnaging in its trades. The Korea Maritime
      373 words
    • 830 16 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Lines Operatn Arrival Date Time Bar'zan 15 10.6.81 1500 Sealord TA 4 VC Zim Melbourne 3W 10.6.81 0700 Star Shpg TA 4 TT Chevalier De Blois
      830 words
    • 1608 16 CONTINUED coal interest featured the freight market on Tuesday with a vessel being secured for 85,000 long tons from Hampton Roads to Japan via the Cape at US$lB.4O free discharge for June/July and a smaller cargo being arranged from the same area to Alexandria at $25.75 for June.
      1,608 words
    • 376 17 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Builder (0700) 21 East Bunga Mas (2100) 45A Cherry Bagus (0700) 26 Dugi Otok (0100 after Yong Men) 1/2 Hugheverett (1100 must portside alongside) 46 Jenson (0700) 22 > Kota Benar (after Kota Ratna) 13/14 Nedlloyd Nagasaki (0600) 3/4 Nedlloyd Bounty (RO/RO)
      376 words
    • 235 17 ROBIN Shipyard of Singapore recently delivered the first jack-up oil rig it has built for Forex Neptune, a French drilling company. The rig, christened the Trident Vn A, has a rectangular hull measuring 84.8 metres x 30.3 metres and is 4.8 metres high. Each of its
      235 words
    • 177 17 UPI MEMBERS of the Indonesian pro-government, Golkar Majority party in parliament have called for further investigations into the controversial sinking of the country's flagship last January. Golkar's Sugiarso and Mohamad Akil, commenting on the results of the Maritime Court's investigation which ended last week,
      UPI  -  177 words
    • 376 17 Reuter WESTERN shipping unity will be threatened if the US opts (or bilateral go vernmen t-to-governmen t trade agreements with cargo sharing provisions, Council of European and Japanese National Shipowners' Associations (Censa) chairman Brian Shaw said. Such a course will not only threaten Organisation
      Reuter  -  376 words
    • 783 17 THE influential Comite Maritime International (CMI) has, after a week's work in Montreal, drafted a convention on salvage and assistance at sea with major provisions for protecting the environment. Intended to replace international regulations dating from 1910, the draft convention will now be
      783 words
    • 1807 21 SCHEDULE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three weeks. PN
      1,807 words
    • 719 22 ALGERIA Algiers End May. Waiting umes of 3-4 days. ANGOLA Lobito Early June. Berthing delays of 4-5 days. Luanda Early June. Berthing delays of 60-75 days. ARGENTINA Bahia Blanea Early June. Berthing delays of 4 days for grain loaders. Buenos Aires Early June. Berthing delays of 21 days
      719 words
    • 173 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/AU8TRALIA): Australian National Line. Australia/Straits
      173 words
    • 101 22 THE Indian government plans to build two new warehouses at southern Vishakapatnam port to meet demands of additional space, an official statement said. The proposed warehouses with a total storage capacity of 30,000 tonnes will help to improve the turnaround time of vessels, the statement said.
      101 words
  • Page 15 Advertisements
    • 362 15 HEUNG-A SHIPPING KOREA FLAG VSLS Regular Liner Semi-Container Service To: P.KeUn(/Keeiun{/Busan/lnchon Fm: Busan/H.Konf/Banfkok Td S pore: *****11 P.K. *****4, PN *****5 K.L. *****0 .1A RI) 1\ 1 AN I AH Orient Overseas CatdcuneA Line UMint Brnwrtiawn jfter Hamburg (VIA SUEZ) Fttww KW| AM*«rp 5/7 7/7 11/7 12/7 14/7 17/7 21/7
      362 words
    • 360 15 USEALORDU UASC UNITED ARAB SHIPPING CO (SAG) GULF EXPRESS MULTI-PURPOSE SERVICES Mina Qaboos (29/6). Dubai (1/7). Damnum (4/7). Abu Dhabi (7/7). Kuwait (10/7). Mma *1 Fahal (13/7). Bahrain (16/7). Doha (19/7) mmmii FULLY CONTAINERISED SERVICE ■■i'ii.lW'. At. WAfTTA* V 14 Lo«dinc tor Dubai (20 6), Kuwait (22/6). Damnum (26/6). Abu
      360 words
    • 17 15 m CONTAINER Schedules II SHIPS In Port 111 SHIPPING List VII REGIONAL Weather VIII PORT Conditions VIII
      17 words
    • 728 15 ■benan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents UNIPACIFIC TRAMS I TRADING AGENCY PTt LTD. Tel: *****4 (5 lines) SINGAPORE G3 LINE EXPORT FULL CONTAINER SERVICES TO: U S. PACIFIC, GULF, ATLANTIC. EAST CANADA. ASIAN PORTS Singapore iLongbe&r ■i rn •SINGAPORE CIOSMG TIKS
      728 words

  • Page 16 Advertisements
    • 847 16 Mißcmm MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERN AD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Container Service Mm Acnptag F«r 1) Barcelona, Genoa. 2) Amsterdam. Antwerp. I Havre. Bilbao Basle. UK. 3) Bremen. Bremerhaven. Aartius. Copenhagen.
      847 words
    • 266 16 Are you making full use of the Shipping Times as an enecuve selling iiwowrof For further enquiries col: vilippil "5 HWl®® Tel: *****44, Extension 351 or 367 Times Centre 1, New Industrial Rood Singapore 1953. Tel: *****2 Ext. 38 or 39 I Financial Publications Sdn Bhd 31, Jalon Riong, KL
      266 words

  • Page 17 Advertisements
    • 487 17 Overseas Containers Limited CONTAINERSHIP SERVICE TO UK CONTINENT liHm tu. 14/7 M/ 7 Clot** Bra* •5/7 17/7 11/7 12/7 M/ 7 22/7 27/7 29/7 01/1 15/1 «7/l M/t M/l 11/1 15/1 17/1 11/ l u/l 25/1 27/« 15/7 IC/7 25/7 19/7 •1/1 25/7 M/ 7 11/1 tPsai 12/1 K/l 17/1
      487 words
    • 320 17 fig Franco Belgian Services \Fi' F J h'r,i n ,nif, iV; Ji, i-in l- r f ;<•< rr. 1. ire^ A f fONSOe' sawct toemmk rou cam SMEAPORE r. KELANS UNm rta KW| ntm* Im? soma froh bjropi iocator MOT *1 OB Ml CORTMO KOREAN MCEMI t'tai Kh>| BKavc* k'atrf
      320 words

  • Page 18 Advertisements
    • 808 18 Hapag-Lloyd AJso accepting transhipment cargo toi CARIBBfAN WEST INOttS »ia Hamburg TO MEDITERRANEA Che» aler 0* Bob Hakata Man T* 3/6 7/6 15,6 HH 5 6 9 6 17/6 TO NORTH EUROPE/lOfTERRAItA/ Spore PK 20/6 12/7 14/7 12/8 Peti Bilbao Genoa H'burg B hanen Rdam Antwerp 16/7 23/7 5 8
      808 words
    • 556 18 KOREA SHIPPING CORPN P. Kelant PENANG S PORE VEGA 161W 28-30 June 1-4 My 64 My FROM BUSAN' BANGKOK VEGA 162E 28 30 krne 1-4 My 68 My TO BUSAN ALTAR 165W 10-13 My 14-17 My 18-22 My FROM BUSAN BANGKOK ALTAIR 166E 10-13 My 14-17 My 18-22 My TO
      556 words
    • 632 18 «-U 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 BftEMfftHAVEN. OSLO. STOCKHOLM. GOTHENBURG. AARHUS. COPENHAGEN HOLLAND AMSTERDAM S »*rt MM Hw*w| Rrttvta* F«fcit»w *rt«rp I* Hint Eftc lifW ki Fort ZO/t 1/7
      632 words
    • 1103 18 Everett Lines IMI; Limi: PHASWWf GYAWYWA ram PAGAK MTOwrm F SS C Aoenti m Moloysro BOUSTEAD SrOPPINO m NOS KL *****2/*****9 Campania Argentina Da Mwmcioi Intareontinantal S. A. C.I. F 'Mi/ ui l' ii: 14 r.i i rJ 11; LOADING FOR DURBAN MONTEVDEO BUENOS ARES Spore ACONCAGUA 20/» M CniS
      1,103 words
    • 440 18 r W.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE JAPAN/STRAITS SERVICE CONTABO BOOK KG SUB ABUTS f KELMG PTWMC SJWVOBf TEI *****44/7 *****70 I ttMTUR m 4*4(44 U47SI oaut stems stow tu *****44/7 I*l*l S CONTMO P KUANG Til 4347 1971/4 EAST AS4A SHTWG TU 31-9732/3/7751 Malaysia m*a i tkahspwt
      440 words

  • Page 19 Advertisements
    • 797 19 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO, HODEIDAH, JEDDAH AQABA (Reefer Cntrs Acceptable) Accepting LCL Cargo to Colombo A Aqaba. *FCL Closing 18/6 1200 Hrs. S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ EAST AFRICA/REDSEA SERVICE Singapore P.Kelang Penang Loading tor: KOTAJATI 15/20 June Mogad.»c j o Ad*r> Hodeidah. Jeddah.
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    • 895 19 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE HBURfi B HAVt N RDM* HAVRF SOI Oh FROM EUROPE HBURG H HAYF N S DAM HA.Rf W Oimany Austria B»neiui (i»Kf All UR HW»IJ Spore for Rrtjno Mjru SiM SAd SjM SjM SjM 12/ C IHK 6U Hongkong tipress SaM SjM S»Aed
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    • 630 19 i Scan Dutch Q WEEKLY EXPRESS CONTAINER SERVICE TO MED/UK/NC/SCAN 1 SI I i I DMIt 1? t B PfMAGA 19 t B DAMIA 2i i 6 PI NAG* 3/7 B DMU 10 B P(MAGA 17/7 8 DM« mi B PINAGA 31/7 B PtlNAi homigaai WHOM I SUAMOIA I B
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    • 612 19 BOUSTEAD SHIPPING AGENCIES w BANK LINE FOR REUNION IS AFRICA AFRICAN EXPRESS Also occepting FCL containers Spore: In Pt/12 June (looding direct for Reunion, Durban ond Capetown only) Lukes Lines U.S. WEST COAST SERVICE OHct trwii SfO I be* lESLE LYKES 13 6 9 6 ASHLEY LYRES H/7 14/7 to
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  • Page 20 Advertisements
    • 700 20 K LINE EXPRESS CONTAINER SERVICES TO NORTH AMERICA CvfMi Jteo acceptable tor Oakland Vancouver Portland Houston. Galveston Ne» Orleans Boston. St lota PtaUdetou Nor tot Baltmore Sananuh. lacksomrik TO EUROPE MERCATOR 73W 12/6 M 6 2/7 3/7 7/7 8 7 10 0 CHEF 25W 70 6 21/6 9/7 10/7 14
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    • 717 20 'M CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE loading to lOS ANGEIES SAN FRANCISCO SEATTLE. TACOMA VANCOUVER BC Acceptmf FCI FCI Contaneis P Hflanj Vngapore I Kngeles A VESSEL 10 Ml Ilk* 6 Aug AUSTRALIA EXPRESS CONTAINER SERVICE Acceptng FCI FCI Contanert NEW ZEALAND SERVICE |U*| tm MNCM 1 TIRE
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    • 538 20 3 S A(»r«u|) SINGAPORE SHIPPING AGENCIES PTE LTD 20TH FLOOR, OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LINES! GENERAL *****1 114 LINESI TERMINAL OFFICE *****83 TELEX RS ***** RS ***** A/B CARSMIP CABLE CARGOSHIP irrtriiTl I..iL.U fJ Container Lilies WEEKLY CONTAINER SERVICE to/from BANGKOK m s, SINGAPORE ISLANDS LINE MIDDLE
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    • 602 20 KORINS MARITIME SERVICES" Room 601. ICB Building, Shenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIPDtf EAST/RED SEA/EUROPE SERVICES Vol, Hyundae Shipping Co. Ltd. ASIA MERCHANT MARINE m GOLDEN LINE GUM GUM SfflPPWfi (PTE) LTD R*«( In* Nml Ut M*| tO Cad IM. SMCMH (104 Trf *****90 <11
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    • 632 20 4>» INTRASiA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone **********4057 k W REGULAR OOEPEMOT BREAK BULK SERVICE TO EUROPE/UK S port f. KMang Penang tar NORIO STAR *****.... In Port SMM BOULOGNE/VDAM/ UK (AVON) NORAStA ***** tJM 12 Jul do NORAStA ***** 6 Auc 10 AMK CAEN/R'DAM/UK
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  • Page 21 Advertisements
    • 729 21 NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): MERCATOR 23W+ 12/6 14/6 0. CHEF 25W 20/6 21/6 HK CONTAMER 26W 28/6 30/6 K. JACEJW lON 3/7 4/7 C. CONTAMER 12* 9/7 10/7 N. GARNET 6N 17/7 18/7 C. PAUL 27W 424/7 25/7 Also accepting cargo to/from Scandinavia MERCATOR S'porc Closing
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    • 402 21 MALDIVE LINES NAZAKAT Loading For Dubai only MALDIVE NOBLE Loading for Karachi/Muscat/ Dubai/Dammam MALDIVE PLEDGE Loading for Jeddah MALDIVE NATION Loading For Lagos MALDIVE MTOKTER Loading For Male MALDIVE PRIZE Loading For Dubai/Dammam/ Kuwait MALDIVE PIONEER Loading For Jeddah ETA KUANTAN ETA PORT KELANG In Port In Port FOR BOOKMGS
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    • 395 21 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BULOMG 55, Market Street Singapore 0104 Telephone Numbers *****3 (10 Lines) Cable Address SMSOV SINGAPORE Tele* Numbers RS 213*0 RS ***** RS ***** P KELANG M/S SHARKAT NAH SOON SON M. IST AND 2ND FLOOR NO 1. JALAN CEMPEMNG. PORT KLANG. MALAYSIA
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  • Page 22 Advertisements
    • 605 22 OPRACHT (MALAYSIA) Pracht SON. BHD. REGULAR INDEPENDENT CONSOLIDATION TO THE FOLLOWING PORTS:VEBBCLB LOADING FOR ETA PORT KELAMG 24/6, 6/7, 8/7. 13/7, 15/7, 22/7 Colombo, Bombay, Karachi 13/6, 15/6, 20/6, 23/6, 26/6, Hons Kong, Ta.won, Momla 28/6. 7/7. 13/7 Jakarta, Tokyo, Yokohama, 12/6, 14/6. 20/6, 21/6. 29/6. 1/7. 4/7 Kobe 6/7.
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    • 235 22 Transocean Liners (Pte) Ltd. 1005-1008 10th Floor, Robino House, Shenton Woy, Singopore 0106 Phone *****33 Tele*: R*****9 Representing INTERMARITIME LTD. REGULAR SERVICE TO SOUTH AFRICA MV "SAN PEDRO' Voyage 23 Singapore P.KELANG Loading for: Sailed In Port Durban, Cape Town Agents: H.S.H. (M) Sdn Bhd. Port Ketant 3*6696, 3869% Kuala
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    • 338 22 ft JOHORE SHIPPING LM 161 lAIAN TfNGI KjccP* SfIAN( TENGKU BAOAfi PORT KEIANG SfIANGOR MAIAYSIA HAJ SHIPPING SDN. BERHAD K Eipress Unttoad Service from P Kelang East Malaysia Brunei HAYATI V: t/81 HAYATI V: 9/81 HAYATI V: 10/81 HAMDAH V: 10/81 HAMDAH V. 11/81 HAMDAH V: 12/81 P KEIANG In
      338 words
    • 426 22 KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAN/STRAITS/JAPAN Fully Containerised Service ssel Tokyo Kobe S pore Penanf P Kelang Spore Tokyo Kobe XDSTMV4 SM SM 10/ C 12/6 13/6 15/6 26/6 27/1 XOMT V 7 1/6 11/S 22/6 24/1 26/( 27/6 7/7 »/7 BDSTARVS 21/S 30/( 10/7 12/7 13/7 l«/ 7 28/7
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  • Page 22 Miscellaneous
    • 161 22 Regional Weather 2* a LS m 9 H 3TA 35 I 5a H <5 Ife c /v cr'" Wind direction with speed in knots SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather s-Y Wind direction with speed in knots Wave height
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