The Business Times, 5 August 1981

Microfilm: NL11220
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 WEDNESDAY, AUGUST 5,1181 60 CENTS
    10 words
  • Article
    Local dollar at 15-month low against US unit
    328 1 THE Singapore dollar dropped to a 15-month low against the US dollar yesterday. The American dollar opened the morning's trading at a high of 2.1870/90 against the local unit, but eased to close at 2.1800/10. Trading was active with a noted absence
    328 words
  • Article
    Prices weaken across the board
    212 1 SHARE prices weakened across the board yesterday after (our days of sustained recovery. The weakening has led sotne analysts to think that investor confidence, badly after the sharp decline in share values last week, will not be restored too easily. But others are more optimistic,
    212 words
  • Article
    PRODUCTIVITY FIRST
    390 1 WAGES should only be increased after workers have achieved an increase in productivity. The Singapore Government's policy of increasing wages first and then concentrating on productivity improvement has meant that productivity increases have not matched wage increases. This was pointed out by the Japanese Chamber of Commerce and
    390 words
  • Article
    SICC is against static workforce
    430 1  -  By FONG MEW LENG ANY INCENTIVE or disincentive scheme to restrict die movement of labour in Singapore will reduce productivity instead of increasing it. And employers should not make use of private pension programmes as a weapon to control job-hop-ping. Mr R W Lutton, chairman
    430 words
  • Article
    Low education a drag
    443 1 THE metal working industry is not moving into higher technology because its workers have a generally low level of education. This to the preliminary finding of a survey conducted by the National Productivity Board (NPB) with the cooperation of the Japan International Cooperation Agency (Jka) and
    443 words
  • BRIEFLY...
    • Article
      Lock icon Saudi oil reserves
      42 1 Reuter RIYADH, Tues. Saudi Arabia's current oil reserves stand at 169 billion barrels. The new figure indicates an increase of 38 bQlion barrels over the past seven years. The increase mainly comes from new explorations In 14 oilfields. Reuter
      Reuter  -  42 words
    • Article
      Lock icon More jobless
      51 1 Reuter BONN, Tues. West Germany today announced a sharp rise in unemployment and a fall in industrial production. The number out of work rose by 120,500 last month to 1.25 million or 5.3 per cent of the labour force. This is the highest July total for 29 years.
      Reuter  -  51 words
    • Article
      Lock icon Singaporeans escape
      78 1 AFP JAKARTA, Tues. Two Singaporeans who were last Friday arrested at the Halim International Airport here after being caught trying to smuggle 40 kg of gold into the country, were today reported to have escaped. Ow Kee Ngoh (26) and Tan Chye Choon (29), alter having been transferred
      AFP  -  78 words
    • Article
      Lock icon Marcos' call to Arabs
      54 1 UPI MANILA, Tues. President Ferdinand Marcos today urged Arab countries to invest in developing countries instead of lending petrodollars to the money-starved Third World. A government announcement said President Marcos made the plea when he was receiving Sheikh Ebrahim El-Ebrahim, chairman of the Arab-American Bank, at
      UPI  -  54 words
    • Article
      Lock icon Oil glut meeting
      70 1 Reuter VIENNA, Tues. Opec's secretariat said today it is consulting the 13 members of the organisation to gauge support for a proposal that it convene an emergency meeting on the oil glut in the world market. African members of Opec suggested the meeting, proposing that it be
      Reuter  -  70 words
    • Article
      Lock icon Japanese motorbikes
      51 1 AFP PARIS, Tues. Sales of Japan's motorbikes abroad rose taster last year than sales of any other export category, the Organisation for Economic Cooperation and Development (Oecd) said today. The export volume of motorbike sales rose 41 per cent last year and car sales grew 30 per cent.
      AFP  -  51 words
    • Article
      Lock icon Surprise revolt
      46 1 Reuter JERUSALEM, Tues. Israeli Prime Minister Menachem Begin put together a new coalition today, only to face a surprise revolt from within his own party. But political sources remain confident that Mr Begin will still be able to form his new government tomorrow. Reuter
      Reuter  -  46 words
    • Article
      Lock icon Massive aid request
      66 1 AFP TOKYO, Tues. A Foreign Ministry official said today Japan is unable to comply with a South Korean request for massive economic aid. Mr Koji Watanabe, assistant chief of the ministry's Asian Affairs Bureau, told a session of the House of Representatives audit committee that Japan is
      AFP  -  66 words
  • Article
    DBS to finance building of $150m catalytic reformer
    208 1 THE THREE pailaen «f Singapore Bedalag Cißpaay are abtal to wrap ay a flit mil It—laaa Iraa the Dawlay meat Baak mt fltegapere to fteaaee tee eeoatraetlea si a catalytic refanßr. It la believed teat teey have seeared tee aeveayear leaa ea
    208 words
  • Article
    Technology upgrading plans too ambitious
    476 1  -  By WONG AI KWEI SINGAPORE is advancing too swiftly into high technology within too short a time. This is the opinion of a team of US consultants on the Government's plans to climb the technology ladder. Its goals are )uat too ambitious to be attained
    476 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      214 1 Jm I mm as: CHEVELINA'S attempts to take over SPP Ltd have led to a legal tussle Page 14 A PUBLIC accountant from Ng Kong Yau and Company has volunteered his services to the Singapore and Kuala Lumpur stock exchanges to help guard against the shortselling raids of syndicates Page
      214 words
    • Advertisement
      Page 1 Advertisements Column 2
      15 1 AVIS. HERTZ. SINTAT. BTW. BTW? The car rente! company youve never heard of. Phone *****30,*****24,*****7
      15 words
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      Page 1 Advertisements Column 3
      0 1 }/.(~<~$[|:!>$)'],~]'(:.?}`\/?~
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      Page 1 Advertisements Column 4
      190 1 The Straits Companies xi mes y Personnel. DIRECTORY Agencies Singapore (Buku Merah) Lwfct. Hjt> Guide to MUSICAL Appreciation R* v 7>rcH^ »>•. |L it l» t w n ORCHESTRA >*/K/n» Previn sett out in this book to reveal the players on the platform, those anonymous men and women whose dedication
      190 words
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  • OVERSEAS
    • Article
      Lock icon US to decide after Cancun summit
      471 2 Reuter THE REAGAN Administra- tion remains sceptical of global negotiations with the Third World on economic cooperation though Presi- dent Reagan has agreed to attend the October NorthSouth summit to signal a new US approach. It has not decided wheth- er to prepare for
      Reuter  -  471 words
    • Article
      Lock icon Delay in forming coalition
      111 2 Reuter THE FORMATION of Israeli Prime Minister Menactaem Begin's new coalition government, expected to be the most hawkish in Israeli !history, has been delayed -through rivalries between two of its partners. Mr Begin's aides had confidently predicted that ,the coalition between his Likud bloc and three
      Reuter  -  111 words
    • Article
      Lock icon Export subsidies for aircraft cut
      358 2 AP THE US, France, West Germany and Britain have agreed to reduce subsidies on exports by making loans at no lower than 12 per cent interest for the sale of commercial aircraft. Mr William Draper m, president of the US Export- Import Bank, announced that
      AP  -  358 words
    • Article
      Lock icon Third World access to Western markets slower
      230 2 Reuter THE devetoplag muMm miir very slaw pragtem tki* year ia Mr Attempt to gala imm to toe market! at the The tetoraattaaaJ Maaetary Pud (IMF) made tote revetottoa to a report «a exehaage arraagemeate aad reetriettoaa la IMI, which was releaae* la
      Reuter  -  230 words
    • Article
      Biggest land deal signed in Hongkong
      321 2 ONE OF the biggest land deals was signed in Hongkong yesterday when a consortium of companies paid about US$4B5 million far a prime piece of blue-chip property. The powerful Hongkong Land group announced the purchase of the old Miramar Hotel site in Nathan Road
      321 words
    • Article
      Lock icon Mobil raises bid for Conoco by US$10 a share
      298 2 Reuter MOBIL, the second largest US oil company, has raised its offer for Conoco to US$ll5 a share, intensifying the three-way takeover battle for America's ninth largest oil company. Mobil's latest offer, up $10 a share on its last bid a
      Reuter  -  298 words
    • Article
      Lock icon JAPANESE DEMAND
      194 2 UPI JAPANESE oil importers are demanding that Iran slash its export prices. Several of them may even refuse to renew their longterm contracts when these expire next month, trade sources said yesterday. Reports that Japan also threatened to halt all imports of Iranian crude if Iran does not
      UPI  -  194 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      648 2 ARRIVALS Service Local Operator Number Time From RBA BI421 0930 BWN MAS MH680 OMO BK3 MYY KCH MAS MH651 1000 PEN/KUL SIA SQ201 1000 HLP CPA CX710 10® HLP GIA GA850 1030 HLP GIA GA908 1045 MES PAL PR501 1055 MNL SIA 9QI03 1045 KUL SIA 9Q191
      648 words
    • Article
      Lock icon Leaders of US air traffic controllers charged
      362 3 Agencies THE US government filed criminal charges against 22 leaders of the striking air .traffic controllers union on Monday and a federal Judge feund the union in contempt 'Of court and threatened US$4 75 million in fines. By day's end, the union faced
      Agencies  -  362 words
    • Article
      Lock icon Textile industry in HK badly hit
      186 3 AFP THE TEXTILE industry in Hongkong has been badly hit by the fall in demand oversees and high internal coats. The prospect for immediate recovery seems remote. This is what shareholders of one of Hongkong's leading textile manufacturers, Winsor Industrial Corporation Ltd, were told
      AFP  -  186 words
    • Article
      Lock icon Manila proposes new taxes to raise extra revenue
      215 3 Reuter THE PHMPWNE gevera•f Bew taxes la raise aa extra l.t bllllea peses (UB$lM militoa) aeeded to Meet expeadttare la next year's badget. Ike aew taxes, sal—lttml to the NattoaaJ AsaeaMy ea MmHy, toclade a iiatiaetored tax tyita, a aew valae added
      Reuter  -  215 words
    • Article
      Lock icon KL rubber plan in jeopardy
      532 3 Reuter A CONTINUATION of current rubber prices will cast doubt on the Malaysian government's production strategy, which is to raise exports to 1.64 million tonnes in 1985 from 1.62 million last year. Malaysian rubber traders said depressed natural rubber prices, in the wake of the
      Reuter  -  532 words
    • WORLD IN BRIEF
      • Article
        Lock icon DRUG FROM VENOM
        381 3 Agencies CHINA has developed a drug extracted from snake venom which has proved effective is treating thrombosis (blood clots), the New China News Agency said yesterday. The drug, called dtfibrase, was developed at a zoology institute in Kunming, south China and had helped in treating cerebral thrombosis,
        Agencies  -  381 words
    • Article
      Lock icon Solidarity continues protest
      119 3 UPI SOLIDARITY protesters blocked central Warsaw with buses and trucks for the second day yesterday and warned authorities that the people's patience Is running out over food shortagea. In another major protest over the food supply crisis, Solidarity staged a one-hour warning strike throughout Czestochowa province, where
      UPI  -  119 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      225 2 jr I■ I i V- ■>*-« 'MM jtH S V >-...• v •n*-. 4 -.o" r; V V v»r-'» y^r V vvr"'>%/.-• A <■' J* > I r.\ ,;>• fc, w t 4 4 w •'-y -Jsr v r i\ Y -IS V ,%Wt» 9 v 5.% V N ur
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      Page 2 Advertisements Column 2
      333 2 Senior Appointment PA provides comprehensive management consulting services including ft 5Jt COUNTRY SALES MANAGER REPIHABU OQMPUTBtCDMmNY Top salary negotiable plus generous incentives and fringe benefits Location: Singapore A large US manufacturer of computer systems and peripheral equipment with sales and service offices worldwide, is seeking a Country Sales Manager to
      333 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      296 3 Maximum Security with Maximum Convenience.. IL zi ft Zj KEY CONTROL AT DRIVER'S DOOR Juet lock or unlock the driver's door and at) the other doors are aieo automaticatty locked or unlocked. So why S-T-R-E-T-C-H yourself to the limit? NfWoi mtMitofi' PRECJSKJN AUTO AIR-CONDmONING CO (PTE) LTD Block 10 Hfci
      296 words
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  • RAW MATERIALS
    • Article
      RUBBER
      392 4 THE Singapore rubber market yesterday closed weaker with August One RSS buyers quoted at 222.00 cents per kilo, down two cents from Monday's close, dealers said. The morning session weakened 2.50 cents on lower overnight London advices and also to easierJapanese advices yesterday, they said. Prices rose slightly in
      392 words
    • Article
      Lock icon Thai rice exports increase
      171 4 Reuter THAI rice exports in the first half of 1981 rose to 1.83 million tonnes valued at U*****.2 million from $1.81 million worth $516.9 million shipped in the same 1980 period. Thailand's Board of Trade reported in its weekly bulletin that the government had set an
      Reuter  -  171 words
    • Article
      RICE
      327 4 SINGAPORE: Yesterday's closing prices In SI per kilo, ex-godown: THAI WHITE: 100 per cent first (Kangaroo) new crop 1.38, 100 per cent second daa 1.14, 100 per cent third m.— i.io, s per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.78, Special O.TB.
      327 words
    • Article
      Lock icon Japan's copper output
      86 4 Reuter JAPAN'S electrolytic copper production fell 2.1 per cent to 8?,185 tonnes in June from 89,016 in May but rose 3.7 per cent from 84,074 a year earlier, the International Trade and Industry Ministry said. Total production in first half 1981 rose 3.9 per cent to 533,435
      Reuter  -  86 words
    • Article
      Produce exchange
      178 4 CHINESE Prdife Exchange, Singapore, rl —*"c prim per 100 kg yesterday. CMMt ad: Bulk fob $122.50 sellers, old drum (In second hand drum) fob $136.50 sellers, new drum fob $141.50 sellers. Cepra: Mixed (loose) $72.75 buyer*. Pepper: Muntok white pepper fob Asta NLW $375.00 sellers, Sarawak white pepper
      178 words
    • Article
      TEXTILES
      187 4 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Osttaa yan: China Blue Phoenix 20s 2,345; 32s 2,860, 40s 3,030 (per bale of 400 lbs). Plsee geeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      187 words
    • Article
      LONDON MARKETS
      856 4 COFFEE: Robusta coffee futures yesterday found some psychological support at around £1,000 for the Sep and Nov positions to end the midday call between £40 and £47 lower on the day, traders said. Turnover totalled 3,215 lots including nine options and 617 cross trades. Traders said prices came
      856 words
    • Article
      WHEAT
      211 4 WHEAT future* closed down 2V« US cents a bushel in nearbys to up 2VW cents in deferred*. Active commercial and professional bear spreading, buying back months/selling nearbys, accounted for relative deferred strength, traders said. A leading exporter spread most, estimated at 3.0 million bushels of Dec/Sep at 30 to
      211 words
    • Article
      SOYBEAN
      218 4 SOYBEAN futures closed near the bottom of iJW US cent range, down 30 Mi cents in neartays to BV4 cents in deferreds. Active speculative selling in response to heavier than anticipated country movement over the weekend pressured values from the start, particularly nearby positions, dealers said. Dollar strength and
      218 words
    • Article
      PALM OIL
      69 4 THE PALM ofl market in Kuala Lumpur was closed yesterday. CXF. North European ports, In US dollars per ton unless otherwise stated: LONDON Mo* PrcvioM Malayaan 6% tU bulk perAonne 562.S0elr September 567.50*lr Sumatra 6% ffa bulk August 575.0Qalr 570.00alr September 570.00ab 560.00»li October 565.00slr 567.50* Nigeria 5%
      69 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      142 4 Our Twin System Quietline cools two rooms for around the price of one. m >5* i r <3 9 And you can programme it to switch on, cool down, cool up and switch off all on its own. The Carrier Twin System Quietline is an economical and quiet airconditioning system
      142 words
    • Advertisement
      Page 4 Advertisements Column 2
      127 4 ROCFLOOR Resin flooring many times stronger than concrete covers new or okj floors chemical resistant strong and durable fast to install. BATKA UZZftr Batika Singapore Pte Ltd T«k Senior Appointment Large Multi-National Group desiring to vet up a large Commercial Trading House dealing in ol commodities require a GENERAL NMUGOI
      127 words
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  • TRADE AND INDUSTRY
    • Article
      Productivity gets a raise
      454 5  -  By RICHARD SEAH PRODUCTIVITY of the banking and financial services sector increased 6.1 per cent last year, against a 1.1 per cent decrease in 1979 This was reported in Singapore Productivity News, the monthly publication of the National Productivity Board. Based on statistics supplied by the
      454 words
    • Article, Illustration
      Hot water your cup of tea?
      163 5 THE Tanita Hotpot is probably one of the hottest inventions since the electric kettle. It is designed to make hot water available on tap the whole day. All you need to do is fill it with water, plug it in and leave it. The
      163 words
    • Article
      MEMO PAD
      596 5 i SEMINARB AND COURBEB July 29-Aug 5: Top Management Development Programme, NPB Aug 3-6: SIC for Shlprepalr Managers, Cuppage Centre, NPB Aug 3-7: Pll (Introduction to Pneumatic), 12 Gul Street 3, Jurong Town, Festo KG (Didactic) Aug 3-20: 30th Building Construction Safety Supervisors Course, Cuppage Centre, NPB Aug
      596 words
    • Article
      Highlight of SIM executive courses
      183 5 THE Asian Executive Development Programme will be one of the highlights of courses offered by the Singapore Institute of Management next month. Organised by the Asian Association of Management Organisation, the residential course will be held from Sep 7 to 23 at Hyatt Kuan tan
      183 words
    • Article
      Negotiation
      54 5 A SEMINAR on the art of negotiating will be held on Aug 20 and 21. It will be conducted by Gerald Nierenberg, president of the Negotiation Institute and author of numerous books on the finer points of the art of negotiating. The organiser, Organisational Development Dynamics, has also arranged
      54 words
    • Article
      Opportunities in Australia
      384 6  -  By WANG LOOK KEAH THE Economic Development Board is organising a mission to Australia in October to promote Australian investment in Singapore. At the moment, about a dozen local companies have shown interest in the mission and the EDB is inviting interested companies to get in touch
      384 words
    • Article
      SHIPYARD TAPS U.S. EXPERTISE
      202 6 A LOCAL shipyard will soon enter into an agreement with an American company to build tugs and supply boats. Advance Structural Mechanical Engineering win use the design and technology of the US company under a royalty licence. It will build supply boats in the average range
      202 words
    • Article, Illustration
      Maker of spectacles frames seeks local distributor
      292 6 AN Australian manufacturer is looking for a local distributor for its corrosion and scratch proof metal spectacles frames. The company, R Engelhardt Nominees of Edwardstown, South Australia, has developed and patented a colour coating method which will eliminate a major drawback of metal
      292 words
    • Article
      A two-year quest is bearing fruit
      441 6 A LOCAL subsidiary of a US electronics company has come up with an American answer to Japanese quality control circles. National Semiconductor introduced its QUEST programme in January to encourage employee participation in improving work ityQUEST stands for Quality Enhancement Strategy, first introduced by
      441 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      71 6 JEFFREY Gan, recently sales manager of Hilton International Singapore hotel, has been appointed Hilton International's division director of sales Indonesia, Malaysia and Singapore. Mr Gan is responsible for directing sales of Hilton International Singapore, Kuala Lumpur Hilton, and Jakarta Hilton International hotels. Mr Gan also supervises Hilton
      71 words
    • Article
      Phillips expects 7 years
      120 6 PHILLIPS Petroleum Singapore Chemical expects its high density polyethylene plant to have a pay-back period of about seven years. This was indicated by the company's managing director John D Holdsworth at a ceremony to mark the beginning of heavy construction of its plant at Pulau Ayer
      120 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      106 5 This announcement appears as a matter of record only FABER MERUN MALAYSIA BERHAD RIGHTS ISSUE OF 29, 228, 819 NEW ORDINARY STOCK UNITS OF $1.00 EACH AT A PRICE OF $1.60 PER STOCK UNIT Managed by: w mimb MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD ASIAN INTERNATIONAL MERCHANT BANKERS BERHAD Underwritten By
      106 words
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      Page 5 Advertisements Column 2
      357 5 la collection T< X u THE NEW RENAISSANCE IN WATCHES ifl V. >v i *»>* m.m k* m J li <*u inj >v Iri .1l *f iimW. i» LW'fifi 3 <« NflrbfiLj W> V??. j-< fife* > Ww N. J. rov'.' <-V *<£99ftw > •O L'M'V C C-FMFVI Authorised Dealers
      357 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      190 6 Photocopying headaches? i S«- y t -hi i "vr.Mv -X^ Just take one of these for instant relief MIi^CSSSK Take the Oc6 cure in the form of a new, revolutionary photocopier that gives instant relief from photocopying headaches. Our new 1900 has a tiny microprocessor that controls a whole host
      190 words
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      Page 6 Advertisements Column 2
      105 6 No, terribly sorry youlre not welome It's far too popular already. I don't know what a man has to do these days to hang on to a pub he can call his own. There's always someone with a loose tongue who'll spread the word about the superb food and wine
      105 words
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  • BANKING AND FINANCE
    • Article
      Lock icon In the spirit of faster deregulation
      700 7 NYT AMERICAN savings institutions and commercial banks have long complained about restrictions which have hindered them in their competition with high-yielding money market funds. Last Saturday, some of those restraints were lifted. interest rate ceilings on time deposits are beginning to crumble, and as
      NYT  -  700 words
    • Article
      Lock icon Eurocurrency credits
      86 7 Reuter NEW rsse iiharpiy ■haw that EaiMnik arranged last mmm wanes Mlllsa. i nnisrtd with $SJB Hlßsa la Jaly last y ***The US task the Una's *an st thelaans $*.14 bilßsa esauarad with lilt mOam ta Jnlyltaaty«£ Canada raaked aextwtthU.ll MtUm, eaaaparedwttfc gM mUHsa is Jsly last year,
      Reuter  -  86 words
    • Article
      Lock icon Set-up of China Leasing Co
      162 7 AFP THE CHINA Leasing Co, the financial arm of the China International Trust and Investment Corp (CmC), opened for business last week. To be Jointly operated by the CTTIC and the State Administration of Supplies, the leasing company will be engaged in a wide range
      AFP  -  162 words
    • Article
      BONN TO CUT FEDERAL LOANS
      122 7 WEST Germuy la teats to redace Federal aet barrawlag to as eleae to 9 Ulttaa DeitodMNiki aa pialMe ky 1181. Gtvlag details si plaaaed bid eel savlags, gaverameat spakesmaa Bert Becker said ike gaverameat aet kei i wlag target la Mi Ulttaa Marks aezt year,
      122 words
    • Article
      Local manager of Pemex issue
      351 7  -  By ALVIN TAY CREDIT LYONNAIS will be the only local manager Involved in a US$lOO million floating rate note for Petroleous Mexicanos (Pemex). Most of the others in the managing team of 12 are from Hongkong and Loodon. The borrowing by Pemex, a decentralised public
      351 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      66 7 Come and experience good German homecooldng at the BAROfts TABLE. From 3rd to 15th August, Chef Pfister will don his grandmother's apron and present a whole range of appetising and wholesome homeoooked food HAUSAVMiNSKOST hearty typical German fare f thewayOrandmother used to cook it For lunch and dinner. The usual
      66 words
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      Page 7 Advertisements Column 2
      278 7 Deciding whofe driving has never been so difficult f JPI lit 4 w. Iffl finri ri a>. >- i •>- > ..Mcmts v*' gsy£ > KSfc ITS* > '">#<*&.*, s m A•y •> 4 x -v- t v i r FORD GRANADA 2 AiGHIA This is one issue you won't
      278 words
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  • Article
    Consequences of moving too fast
    386 8 THE DESIRE to keep up-to-date and to keep ahead is always a welcome trait. Singaporeans are always receptive to, and sometimes obsessed with, the idea of technology as the key to progress. Have a labour-shortage problem on your hands? Want to become competitive in world
    386 words
  • Article
    Market forces should prevail
    286 8 JOB-HOPPING, when carried to the extreme, is undesirable. Changing jobs every two to three months just for the sake of $10 more or a nicer office is to be avoided at all costs, and more important, to be effectively discouraged. Both the worker and the employer
    286 words
  • Article
    Lock icon The making of a merger wave in America
    2150 8  -  By PAUL BETTS FT "I THINK we are going more and more towards a perfect auction environment," said Mr Bruce Wasserstein, co-managing director of mergers and acquisitions at First Boston, the investment bank representing Du Pont, the chemicals company in the thick
    FT  -  2,150 words
  • Article
    Lock icon STRONG CRITICISM
    650 8  -  ®y RICHARD PASCOE Reuter CHINESE Premier Zhao Alyang starts a tour of the Philippines, Malaysia and Singapore tomorrow (hiring which he is expected to hear strong criticism of China's continuing support for communist insurgents in the region. Diplomatic observers in Beijing said this was still a major factor
    Reuter  -  650 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      645 8 CBYPTIC PUZZLE ACROSS 3 Music with strange charm (5) Artist with the right to take a Wrd out (5) 10 Haiv about needing a bit at a stove, really (5) 11 The cry of many ducks! (3) 12 Started off a bang, possibly out East (5) 13 Airborne thief (7)
      645 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      14 8 Bristow: w Dicier^ r oust thought Ix> Uc-T >j(OU XNOUi nae. S OFF S»c<
      14 words
    • Miscellaneous
      Page 8 Miscellaneous Column 3
      535 8 iMJie c •K I I E i s 5 w v I 2 by NASA's E 5 3f An SINGAPORE 5 3.00 PM Oponhg folowed by The Young And Tilt Restless 3.25 Destiny (r) 4.55 Diary Of Events (Malay) 5.00 New Ed Men Skew 5.25 Off The Beaten Track 6.15
      535 words
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  • Article
    Lock icon UK 1981/82 pay round
    873 9  -  CAMPAIGN FOR LOW SINGLE FIGURES By ELIOT TAYLOR Reuter BRITAIN'S workforce this month enters a new pay round which, depending on the outcome of talks between employers and unions over the next 12 months, will have a crucial influence on the government economic policy. After a
    Reuter  -  873 words
  • Article
    Lock icon PHILIPS SEEKS MORE JOINT VENTURES
    951 9  -  Philips, reports CHARLES BATCHELOR, has unveiled a string of deals aimed at reshaping operation. CHARLES BATCHELOR, FT THE PACE of development in electronics is forcing even the largest companies to take a hard look at the way they operate resulting in the disposal of activities
    FT  -  951 words
  • Article
    Lock icon A MAN OF RESPECT
    857 9 FOBPMHiaI with TOM WICKER I NYT. AFTER describing how he ran the California Assembly, speaker Willie Brown of San Francisco was asked at a panel discussion at the national conference of state legislatures what bethought was speaker Thomas O'Neill's biggest problem in managing the House of
    NYT.  -  857 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      225 9 Saabject of great interest MMMMM --V-. x f SAAB9OOTUR9O The unique offer The American Express Card introduces a unique offer on the Saab 900 series. Whether you wish to make a booking fee, pay a downpayment, or even pay the full price of any of the Saab 900 series of
      225 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        153 10 AUO 03 Pto ABM S8-00 T Ahold TIM 04 A*JO amkv mm oojo •U -41 Amfu IW uacb AmroOnk sue 14 ssrMM <340 •li 04 fHHa sue +04 BonuxnlJ ***** +14 Burhm&nn sue 1 ajo +0L1 c*lv Dtlft 1MJ0 +u DtU 14 Vj 73J0 +0.7 KyintM MJO ftl SX40
        153 words
      • Article
        Paris
        223 10 COBBKILLE Alr-Uqulda B18 N Dmflnf IMP -o car (TtaomaonCsf) as Ctt frtflctiac On Frtrotm in-SO Com picnic nmiiitinto Oamrala Credit Fooelar Dt man SM m iU (UBralrte). llarMnw Ml MlebaUn (B) SB at *S 1 >11 Pachlnay Ofta» Ml— Paufaot PhiJlpt (If* Otm Mtj Prtntampa 8 A Rboat-Poutonc* 8A
        223 words
      • Article
        Frankfurt
        99 10 AUG OS Jtn noo •I u 1 uncfi 1 1 f fl 4 1.7 I «J TT* i r-r 3? —T» uneti OS ♦•1 •U w Draadnar Bui D|ck«feefl BT A mu Olana IBWB -U tIM ULOO -1 7JJ0 -0.1 TUMB «U OHH moo I m» -i 1*1 M
        99 words
      • Article
        Brussels
        81 10 FORWARD MAI ACiC > uurr m -a h***—■—MgT 1. Mr 0 +M W -1 no »u uncti m-uM i ->pr-' 11 Cod H UO RM Ba< OB -4 ru u m +is HO no *m m -jo M m *m DO Or» U HoM PlOT Ryt Dutch J Soc
        81 words
      • Article
        Zurich
        34 10 H !y^l i'.'.m'iC i r t— 11 Br awi— ir Rcr Union Mat Of TU no •4 Uaw Ban* Of BwlU. Mt M unch WO 1MB -M .ft "la MM rnnd»-ln?". TTH ♦m
        34 words
      • Article
        Milan
        70 10 Ante Amoe Oao UNO MA A in n N 93 ■S M Omink rw FUMMter 1TM mm im (lan Immob in PT1 1 Zl< IT! fTjaM lOW M Mr 11 M «L SB 10 41 B •1 75 U 4i M M n ItaraUl Madtofe 1 w 713 E
        70 words
      • Article
        NEW YORK
        564 10 I SB H unch H AUtod Cham Cp Allied (Mora* AlUa-Cb*lman Alumhoo AM Am Atrttnw Am Brand* lac rui nil a a r is a a •f H It M -1 Mb -H H unch Am Am Am Am Crtnamid Elac *wr Ti|n »m a r m Wt
        564 words
      • Article
        JOHANNESBURG
        207 10 ADO OS fUnd INDUSTRIALS A Alpha mm Abarcom m At And d ♦a Ainr Bartov* rm in -m -10 a.—" lnsB CurrW Rntaet Dt Bwn Ind Mm n> unch MP" rm—Jy M Vol* WHB 510 unci) unch PogK W unch UtMIU OtMMAi Ortumn Him 1MM Hfertd HiiMtt Liberty Sift
        207 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      595 10 @!!][^..;;!'%{|~=\{})|":>=^*;\' "The American Express Card serves you well, wherever good food is served". i Jti t 11., gsggo mT*l I i. v Dine Dine Cantonese style. Szechu&n style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Twp chefs. All to double your dining pleasure,
      595 words
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      Page 10 Advertisements Column 2
      72 10 restaurant Try our sumptuous delicacies from the Hunan Province. An Oriental dining experience. Business Hours: Daily 11.30 am— 2.30 pm 6.30 pm 10.30 pm 214 Duneam Road. Singapore 1129 Tel: *****49.*****22 ext 126 FROM OUR FOOD STALL A vartety of delicious local specialities served only at lunchtime. Habianaaa Chicken Rica
      72 words
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  • MONEY AND EXCHANGES
    • Article
      PLR
      22 11 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.44 per cent.
      22 words
    • Article
      ASIAN $
      178 11 ASIAN ASIAN currency deposit interbank rates as at close on Aug 4. US DoUarc<S*o<) Offer Bid 7 days 199/10 193/16 1 month 197/16 19 5/16 J months 197/16 195/16 3 months 197/16 195/16 6 months 197/16 195/16 9 months IS 9/16 187/16 12 months 18* 18* Dm(KWk Prises) 1 month
      178 words
    • Article
      Discount
      46 11 RANGE of prfcM often d by (tucoot houan on Aug 4: (NiMrit: «to 6*4* Cal deports: to C1i*| ■Wi* 3- month Tmiury bills <13/16 ft 11/16 3-month Bank Mils 13* 13H 3 month! CD 13 12% a months CD 13 12% Source: National Discount Co
      46 words
    • Article
      Singapore market
      421 11 THE US dollar yesterday closed easier against most major currencies but above the day's lowest levels, in active but thin trading. The Singapore dollar closed softer at 2.1770/» against the US currency compared with 2.1741/50 on Monday but strengthened to 91.20/45 against the Malaysian dollar from 91.50/7© previously.
      421 words
    • Article
      TOKYO
      243 11 THE JUS dollar for overnight delivery yesterday closed sharply weaker at 242.10 yen alter central intervention, compared with a 246.40 opening here, a 246.20/30 closing in New York and 246.10/20 on the West Soul on Monday, dealers said. Tlris was also sharply down from a 243.65 closing here on
      243 words
    • Article
      Hongkong
      189 11 THE US dollar yesterday fell in quiet late foreign exchange trading, after maintaining a firm tone against most currencies in early morning trading, dealers said. Profit-taking took the dollar down from its higher closing levels in New York, where the advance of the dollar was prompted by market confidence
      189 words
    • Article
      GOLD
      188 11 SINGAPORE gold futures yesterday closed generally weaker compared with Monday night's close after fluctuating marginally in thin trading, dealers said. Total sales for the day was recorded at 40 lots while kerb volume at 50 lots, they said. Prompt closed easier at U*****.50/393.50 an ounce against 393.50/396.50 on Monday,
      188 words
    • Article
      Silver quotes
      37 11 MM FH New York 8 258 8.50B ICS •.786 Zurich 8 258 IfiB StfS IBS Tmm Mm Singapore MB S40B IJS IMS CVwtnf prW m la US dollars a troy ounc Source: Credit Suisse, S'pore.
      37 words
    • Article
      London
      110 11 THE US dollar yesterday eased further against major European currencies at the opening here on central bank intervention and profit-taking but subsequently regained some lost ground, dealers said. The US unit, quoted at a late 2.5260/75 marks in Hongkong, opened lower here at 2.5110/25 marks but subsequently moved up
      110 words
    • Article
      Congestion in the marketplace
      470 11 THE US government securities market tackles a large Treasury financing this week against a much more sombre background than that prevailing in the May refunding. Last spring, the dealer community and investors generally were hopeful of a more favourable economic climate for the fixed-in-come markets, one
      470 words
    • Article
      Lock icon TESTING THE MARKET
      97 11 Reuter SOUTH Africa's Hartebeestfontein Gold Mining Co will join Marievale Consolidated Mines in testing the potential of tht US gold futures markets. A spokesman for Harties' parent company, AngloTransvaal Consolidated Investment Co, said the mine will not go into the market immediately, due to the fall- iag
      Reuter  -  97 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      149 11 NOTICE OFFER BY MR HENDRA RAHARDJA AND MR UM TJOEN KONG ("the Offerors") to acquire all the issued ordinary stock of TOWN AND CITY PROPERTIES LIMITED other than the 9,867,000 stock units agreed to be purchased by the Offerors i Stockholders of Town and City Properties Limited are hereby informed
      149 words
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      Page 11 Advertisements Column 2
      121 11 Money talks. Money is the lifeblood of industry and commerce. It's at work everyday. So let's talk money. Short and long term financing, import/export finance, ACU facilities, foreign exchange dealings, and our SWIFT network for quick interbank transactions are just some of the professional services we can offer. Worldwide. All
      121 words
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  • Article
    BUSINESS DONE ON THE SES
    1685 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. SECTION ONE INDUSTRIAL 8 COMMERCIAL Acmm (3.508) (U) 3JO (11)
    1,685 words
  • Article
    Unit trusts
    166 12 MM UWT ItUR GT~ 1 (Maaaaara' prtaaa tw lag 1) The Oonurct 14 IN The Savtaga Fund IM 112 S pore Prog Fund 1.54 144 S pore 9k. tad 124 UU S'pore Invest ruad LIS 1.21 S pore Equity tad 1.47 VM fiUji r pnaaa tar Aag I)
    166 words
  • Article
    SHARE INFORMATION SERVICE
    2767 12 1M1 High Low Coapuy t Last Sale orGr*s D1t Div Crr Gr's rid Net P/E Vol Day (*000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 390 312 430 200 410 796* 875 430 300 130 161 330 90 380 529* 322 296 Acma Alcorn Allied Choc BAT
    2,767 words
  • Article
    Bonds or share issues?
    541 12  -  ■y BURTON MALKIEL A CURRENTLY fashionable timing technique used by investors in choosing between bonds and stocks is to compare bond yields with the dividend yields available on common stocks. It seems dear at first that the yield advantage of bonds over stocks is greater than
    541 words
  • Article
    Lock icon AUSSIES REGULATE SHARE TRADING
    1211 12  -  By KENNETH MARSTON FT TO MANY of us, mention of the Australian mining share market conjures up an unnerving picture of something akin to a cross between a Las Vegas downtown gambling saloon and a swarthy gentleman offering get rich prospects via the three-card trick on
    FT  -  1,211 words
  • Article
    Investors generally cautious
    457 12 AFTER bar iaya at iu> tntr" 1 nemrj, atgn of a rrktel tjt > tfe k* ntoS*todST"iMpiav' to a tow ef mn toat fa» day,hae M**? etaaaei the WfM feantor, M H will take mm ttoM Mn tkekabanlMkkhm. Yesterday, Ike Mn fl» pei fey 1.71 phfc to
    457 words
  • Page 12 Advertisements
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  • COMPANY NEWS
    • Article
      RESULTS DUE
      306 13 Date Lut Fall Year Cempaay Perled A—need Net EPS Great Pre-tax last year (cents) Dlv. Profit ($tM) KesanfTta F 5/5 JJj K Kampar F 17/t 69 8 73 3 1 SsC T K i£ sr. K r K F 24/7 52.0 85.0 45,842 £B? I 24/7 29.1 20.0
      306 words
    • Article
      C and C prepared for bigger role
      430 13 CYCLE and Carriage (C and C) has launched a programme to further enhance its role in the Malaysian economy, the group's managing director, Mr Chua Boon Unn, said recently. "One important part of our policy is to appoint top level executives with wide
      430 words
    • Article
      Lock icon Total returns likely
      110 13 NYT ftsaipafelt To the question. How attractive are bond yields' the economist woukl say, lets compare them not to dividend yields but rather to the total returns likely from common stocks and to likely future inflation rates. Of course, these comparisons are very tricky because no one
      NYT  -  110 words
    • Article
      COMPANY BRIEFS
      40 13 MR MJCHIO Mori has replaced Mr Takashi FtrtU as managing director at Matsi Off (M) Mr Eddie Shang Wei Teh was appointed alternate director to Mr Shang Chee Yeo of Allied Chseslsie MhMm, with effect from Aug 3.
      40 words
    • Article
      Prolonged period of consolidation
      1036 13  -  r Market Talk... L A By WONG SOUK YEE WE have seen the top of the market for the time being, but there are some attractive investment situations resulting from the recent sharp correction. This is the view of London stock broking firm Umtmm, Pi art
      1,036 words
    • Article
      DIVIDENDS ANNOUNCED
      358 13 Ex ■aaka Dale Tata! tor Cawl^ Date Claw PayaMa tfwyaar rinfaaa year Alas HMga 6%(b) NY A NYA NYA 0% 0% 30%<q) Jul 20 Jul 27 Aug 12 30% 9%TE Aug 4 Aug IT Sep 14 9%TE 13STE C Sagan 10%I Jul 27 Aug 6 Aug 20 10%
      358 words
  • ASIAN STOCKS
    • Article
      Share prices fall
      157 13 HONGKONG DESPITE the technical rebound at the end of last week, the market continued to fall yesterday. It opened weak and persistent selling pressure throughout the day pushed the index down almost 40 points to close below 1700. Most counters closed at day's low and the turnover
      157 words
    • Article
      Sydney
      225 13 THE market yesterday resumed its downward drift after the three-day bank holiday, dealers said. Pushed along by a sharp fall in bullion prices, the All-Ordinaries index fell 5.3 points to a new 1981 low of 629.6. BHP led the slide as the stock fell through its Important $13 support
      225 words
    • Article
      Tokyo
      414 13 SHARE prices yesterday closed mixed after an easier morning as light electricals and precisions were bought in response to the yen's steep recovery against the US dollar in the afternoon, dealers said. The market average gained 4.09 to 7,820.06 on thin turnover of 230 million shares, but the Tokyo
      414 words
    • Article
      Manila
      50 13 A (JO M NM aS£c£T AUaj Otm. a MM ■«I «In OoM JMT -MM 5?Ki»!L=:S- TTT CDCP Mi lanami i2SS««a*"i iST OrMotal A omnwi m mi o m Pbfln A Www ff" "tf" 1 run -a* Meo ntri MM +%am SM MSMS B ZZZZ nji »u BnlNat 4Mt as:
      50 words
    • Article
      Bangkok
      65 13 PRICES yesterday closed steady in sluggish trading, dealers said. Bangkok Bank, Slam Credit and Jalaprathan Cement closed unchanged at 258, 62 and 101 baht respectively. while Rama Tower fell 0.50 baht to 55. kva M ifeto tai or ATMhM* M Cterooa« TbM WV» r O* Corp 1 > -U
      65 words
    • Article
      Lock icon Bridgestone lowers profit target sharply
      223 13 Reuter BRIDGESTONE Tyre Co Ltd has revised its aftertax profits target down by 26 per cent to 17 billion yen for the current year ending Dec 31 from an initial forecast of 23 billion. The revision, compared with 24.5 billion yen aftertax profit last year,
      Reuter  -  223 words
    • Article
      Selected indices
      48 13 FINANCIAL TIMES INDUSTRIALS Monday SMJ Friday MEl Week Ago DOW JONE8 AVERAGE INDUSTRIALS Monday Friday •«>} Week Ago »45 87 H.K.HANG SENG TitfKliv 1681.66 Monday ~clo~d Week Ago iaeO-52 AUSTRALIAN INDUSTRIALS Tuesday TOX2 Monday closed Week Ago un»* ALL ORDINARIES Tuesday una» Monday •»•1 Week Ago— un*»
      48 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      206 13 From now on the others will have to try harder! This is what car rentals are all about We offer as near perfect a service as you'll ever get. Because the only cars we rent out form part of our franchise range. v Which means that every car rented from
      206 words
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      Page 13 Advertisements Column 2
      55 13 This announcement appears as a matter of record only. ASIAN-DOLLAR ISSUE sth August, 1961 THE BANK OF TOKYO, LTD. Singapore Branch U5520,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit Series XIII due Bth August, 1984 Managed by CREDIT LYONNAIS (SINGAPORE) GULF RIYAD BANK EC. SINGAPORE JAPAN MERCHANT BANK LIMITED
      55 words
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  • Chief Price Changes
    • Article, Illustration
      SINGAPORE
      167 14 Rises Indices UU PluUtlou 500 P M RMn MO MalakcflT 472 C K Tug SfiO Jacks Iat 270 J CMNI 006 Imo 000 Tail Nh| 200 VuMr Prod 300 GiIum* -mo Falls TtMk CmmiI 710 G I HMfi 470 U*U Hut 300 C Sum 1000 H LMM Credit i960
      167 words
  • Article
    COMPANY MEETINGS
    88 14 PUBLIC Bank Bertad: EOGM to be held at 5th Floor, Bangunan Public Bank, 6 Jalan Sulalman, Kuala Lumpur on August 5 at noon. Bathed: AGM to be held at 8th Floor, Bangunan Public Bank, Jalan Sulalman, Kuala Lumpur on August 10 at noon. LOYTAPE BaM: BOGM to be
    88 words
  • Article
    Chevelina and SPP Ltd in legal tussle
    506 14  -  ■y CHOO AI LENG IN THEIR efforts to secure control of SPP Ltd, a paper products group, the existing directors and Chevelina Pte Ltd have become embroiled in s legal tussle. SPP and its iMMgtwg director Ong Hong Soon filed on Monday a
    506 words
  • Article
    LONDON STOCKS
    708 14 LONDON, Tueo. Government bonds erased earlier gains to close around tt point lower in m—thm» ami long-term tarns following UK hanlring figures below expectations while ■fMirs were quietly mixed, dealen said. At 3pm, the Financial Times index was up 0.7 points at 931.0. Trading inquirj was quiet due
    708 words
  • Article
    Bid to inspect accounts of broking firms
    412 14 I "r jM£kjdfl A PUBLIC accountant from Ng Kong Yau and Company if organising a team at accounting firms to examine and verify outstanding sales contracts of stockbrokers in Singapore and Malaysia on a voluntary basis. The accountant, Mr Roland Ma, who recently
    412 words
  • Article
    Lock icon Hot Chocolates
    643 14 IE™ by HOCK LOCK SIEW THE chocolate industry has its fans. For those who have a penchant for foreign products, or at least foreign chocolates with the rich, creamy taste, names like Lindt, Cadbury, Suchard and Tobter tickle the taste-buds. But while all these manufacturers are exporting their
    by HOCK LOCK SIEW  -  643 words
  • Article
    Lock icon DOW JONES LOWER
    81 14 AP NEW YORK. Turn. lie stock market headed lover this morniag, extending yesterday's decttae amid i new outbreak at interest-rate worries. The Do» Jooss iwut of 3D Indus! rto Is dropped 1.12 points to Mitt la thefirat half hour. Losers took a 44 toad amaof NYSE-hst-Interest rales
    AP  -  81 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      240 14 NOTICE To the holders of thefloatihg rate U.S. Dollar Certificates of Deposit due 7th February. 1983 of: THE INDUSTRIAL BANK OF JAPAN LIMITED Towrar 1301. DBS Buiding Qhantmi □rmiiun vriy, Singapore 0106 Ws hereby certify that the rate of interest payable on the above mentioned Certificates of Deposit for the
      240 words
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      Page 14 Advertisements Column 2
      191 14 Spanish Trade Industrial Fair For Asean 1981 SEPTEMBER 4-11,1981 JAKARTA FAIR GROUNDS-APHJ JAKARTA ;V 8 r A »S AK K vV^ V V y 4 w I»# i I 11»I a. i. < i SPAIN 81 it the first industrial exhibition to be held in ASEAN. It features: 160 Spanish
      191 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      59 14 Outlook for Singapore from 6am to Ipm today: Showers in several areas. Bipirt far M km peter to 7JI pn «a Aug 4 al the airport Mulwi temperature 31.8 Associated humidity 67 Minimum temperature 26.4 Associated humidity 96 Hours of sunshine 8.50 Rainfall in millimetres Nil Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • Article
      Consortium may start fortnightly run to Calcutta
      245 15 THE six-member European Lines Container Consortium has shown interest in starting a fortnightly container service from Calcutta to the UK/Continent from Sept 1. Three representatives of ,lhe consortium Mr Horstmann of Hapag Lloyd, Mr Meurs of Nedlloyd Lines and Captain Hill of P
      245 words
    • Article, Illustration
      Med Club-Omex joint service from next week
      451 15  -  By JAN LEE AFTER over a year of planning and discussions, the Orient Mediterranean Express (OMEX) will launch its joint service with the Mediterranean Club (Med Club) on the Far East/Mediterranean route on August 15. The Omex consortium, comprising Cho Yang Shipping Corporation
      451 words
    • PORTSIDES
      • Article
        Lock icon Indonesia gets contract
        105 15 AFP AN INTERNATIONAL tender for the expansion of Panjang port in Lampung (South Sumatra) worth some US$ll.4 million has been awarded to Indonesian parties both as contractors and as consultants. Financed for the larger part (64 per cent) with a West German loan, the project was the
        AFP  -  105 words
      • Article
        Lock icon Liner grounded
        142 15 AFP A LINER carrying 400 passengers ran aground off the south coast of Wales, while a tanker reportedly laden with crude oil hit a sandbank in the channel off Hampshire, reports said. The Prince Ivanhoe liner sent out an SOS after running aground and taking on water near
        AFP  -  142 words
      • Article
        Lock icon Yangtze River survey
        81 15 UPI THIRTEEN marine scientists from the United States have left Shanghai with their Chinese counterparts to conduct a survey of the mouth of the Yangtze River. One group of American scientists left on Monday aboard the Chinese research vessel Aurora No 07 for the research area and
        UPI  -  81 words
      • Article
        Lock icon Sea Knight's crew rescued
        69 15 UPI AN INDONESIAN search team has rescued the 23 crewmen of a Filipino cargo ship that ran aground near the west coast of Borneo, the official Antara news agency. The 5,000-ton Sea Knight was on its way from Borneo to Japan with a cargo of logs
        UPI  -  69 words
    • Article
      INDEX TO ADVERTISERS
      746 15 Shlppiag Uae P»«e Cal Shipfiag Um P*8* CM Achipeiego vn 4 ESlat VI 5 Adriatic Cant vm 3 Flmi m 4/5 4 AfM VI 3 Everett Orient IV Atro-Eurasia VI J Evergreen IV 3 Alfred CT vm I Feaco vn 4/5 All trans Alpac vn VI 4
      746 words
    • Article
      SHIPS IN PORT
      294 16 AIUVAU UPPB.VIABVB Atrevtta (11») f/7 Barter Trn (MOO) 47 Bucuresti (0400) 45 Bunga Ortrid (1100) 31/32 Golden Eagle 23 Kim Soon Li (1300) 22 Lyudmila Stal (0600) 45 Pervomaysk (0700) 15/16 Regenstein (OiSOO) 1/2 Wild Rover (07Q0 after Cherry Bagus, subject free board) 27/28 CONTAINER TERMINAL Bremen
      294 words
    • Article
      Container Schedules
      848 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 Fondo 32S 5.8.81 Maersk 51 TT Benattow 06/461 6.8.81 0600 Ben Line TA 3 VC Lelse Maersk 8106 6.881 Maersk 51
      848 words
    • Article
      LONDON FREIGHTS
      1594 16 CHARTERING was subdued on Monday in all sectors of the freight market but Chinese operators featured by covering three grain cargoes from the US Gulf to China with Aug loadings at slightly easier levels. These comprised 18,000 tons at US$37, 25.000 tons at 133.50 and 30,000 tons at
      1,594 words
    • Article
      Lock icon ICS finds difficulty in moving 40 footers
      431 17 Seatrade DESPITE REPORTS of massive stockpile of 20ft containers building up in the depots of the container leasing companies throughout Europe, Transamerica ICS maintains that it is experiencing difficulty in moving only 40 footers. President Charles Tingley said that despite doubling its TEU
      Seatrade  -  431 words
    • Article
      Lock icon FOC prejudicial to interest of Arab countries
      250 17 Reuter SHIPS which fly flags of convenience prejudice the interests of developing Arab countries and should be phased out, the ninemember Organisation of Arab Petroleum Exporting Countries (Oapec) said. Developing countries control only a tenth of the world's shipping fleet but produce bulk
      Reuter  -  250 words
    • Article
      Lock icon LONDON WEEKLY FREIGHTS
      625 17 AFP ACTIVITY remained depressed last week on the freight markets, where grain rates, Already at their lowest levels for 18 months, eased further. Time-charter operations, however, were numerous, thanks to renewed demand from Japanese and South Korean charterers, while several other countries were also in the market.
      AFP  -  625 words
    • Article
      Lock icon Stabilising Panama Canal's political status
      694 17 AP WHEN Panamanian leader Omar Torrijos joined US President Jimmy Carter in signing the Panama Canal treaty four years ago, Torrijos described America's building of the waterway as a "technological conquest." Ratification of the hotly debated treaty began a series of steps intended to stabilise
      AP  -  694 words
    • Article
      SHIPPING LIST
      398 22 CALABAR Galleon Emerald, Nigerian Nat., August 4. CALCUTTA Vlshva Asha. SCI, August 11/12(PN).. CALLAO Barber Toba, BBS, August 3. Barber Nara, BBS, August 17. CAPETOWN San Luis, ELM A. August 8. Ned Bounty, Nedlloyd, August 12. Menoza. ELMA, August 17. CASABLANCA Brave Pioneer, Med Clubt, August 18. CEBU
      398 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      635 15 Everett Lines FOt TH( MOST FMQUtNT SAILINGS TO BANGKOK HONG KONG JAPAN BUSAN CHITTAGONG CALCUTTA •CWALNA •RANGOON BUENOS AIRES MANZANILLO ACAPULCO m CONTAINER Schedules II SHIPS In Port II WEEKLY Freights 111 SHIPPING Schedule VIII REGIONAL Weather VIII AsJ>* I \R I) I\ I W I H SISEALORDO Orient Overseas
      635 words
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      Page 15 Advertisements Column 2
      51 15 Sep 5 Sep 5 Sep 7 Aug 31 Sep 9 s«p 13 Sep 12 Sep 12 Sep 14 Sep 7 Sep 16 Sep 20 Sep 19 Sep 19 Sep 21 Sep 14 Sep 23 Sep 27 sail tea H Land omec Secvte«/Booking *****22 Terminal *****53/*****37 OaKianc Sa.W Aug 8 Aug
      51 words
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      Page 15 Advertisements Column 3
      599 15 FOR PEOPLE WHO MATTER MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: ÜB. PACiriC, GULF, ATLANTIC. EAST CANADA. ASIAN PORTS •4/1 15-11/1 22-23/1 2*30/1 54/3 12-13/9 19-20/9 20-27/9 •SMGAFORE CLOSMG IMS CY 9th A* 2300 MRS CfS 9th A* 1100 HRS TO: BELGIUM, HOLLAND, GERMANY, SCANDINAVIA, SWITZERLAND, AUSTRIA, FRANCE [fii •SWGATOK
      599 words
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  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      839 16 Ju MALAYSIAN INTERNATIONAL SNIPPING COftPM. BERHAD. WISMA MISC, NO2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04<». MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Twhiwi tow Feeder t. Mm Vessel 8 DAHLIA 7/8 H CRYSTAL 8 PENAGA 14/8 JUTIAtOA 8 DAHLIA 21/1 B PERMAI B PENAGA
      839 words
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      Page 16 Advertisements Column 2
      223 16 POP SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA ir MM V* If* w* wt w 22/1 25/1 PCRSEIiS" s* 1 V« M/l M M a/i tCRTMTNI v» vi iv» *n/» a/» iv> 2/u n/ii via Vii VI v» •n/i **vi •21/* M/t •vii *vu *VII VM TO: PANAMA
      223 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      776 17 OCL Overseas Containers Limited STRAITS SHAPING UnquKin to lilnh Iwiwilf, Brunei Ports and Bangkok FMMCFMT DKSS UKSMV SSSSuMMT KWi rtm S-tan {'pare P Ktttnf Clm(«i Waa k'wmf la Nnrt M. m 25/ i 21/7 n/t m/ 9 n/i 99/9 27/1 M/ 9 39/0 91/1 92/9 U/9 91/9 93/9 90/9 M/
      776 words
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      Page 17 Advertisements Column 2
      503 17 p NOTICE MA'. CBESKY BINDIA VOY J/M arrived »n/ii at uxttwl wiaiyo gdn rim GENERAL SURVEY ON DAMAGED CARGO EX THE ABOVE WILL BE HELD ON FRIDAY 7/TU FROM MO TO 1300HRS NO FURTHER SURVEY WILL BE HELD AFTER THIS DATE UAN SOON AGENCIES PTE LTD AS AGENTS pjp Franco
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      515 18 Hapag-Lloyd Km Eipreu Frarthrt Eipreu L»p la? ro mnamo lb Rickaiers Rqenstem Spore PR 7/8 9/1 29/8 30/8 Pen Bilbao Genoa H buif B haven Mm Antwerp 9/9 20/9 18/9 15/9 12/9 4/9 30/9 22/9 6/10 4/10 1/10 f Keun( S port S6/8 ®e Eipreu 9/8 Dbt Eipreu HK loot
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      Page 18 Advertisements Column 2
      504 18 '1 KOREA LINE SHIPPING CORPN P. Ketone PENANG STORE ALTAI 165 C 711 Am 12-14 Au| 15-11 Auf FROM BUSAN BANGKOK ALTAR IS6E 7-11 Auj 12-14 Auc IS-lt Auf TO BUSAN VE6A 162W 30 1 S«p 2- 4 Sep 5-1 S«p FROM BUSAN BANGKOK VEGA ISX 30- 1 Sap 2-
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      Page 18 Advertisements Column 3
      436 18 EVERGREEN LINE f FAR EAST FUROPf EXPRESS FUll CONTAINER SERVICE ALSO ACCEPTMG CARGO FOR: UNITED KMGOOM samwiPTON, London. Manchester, BIRMMGHAM, BRISTOL. LIVERPOOL. GLASGOW. LEEDS. ETC. WEST GERMANY BREMERHAVEN. OSLO. STOCKHOLM. GOTHENBURG. AARHUS. COPENHAGEN LAND raiiriiv 7 inn mm f ifc ill I Mm* UNh IMTMU 11/ l 1/1 VI VI
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      Page 18 Advertisements Column 4
      561 18 Everett Lines Hiownu HW HiwrtamnPttM BFSSC Aotnti *1 Motoyvo BOUSTEAD SHWNG TtL NOS KL *****2/*****9 j iS U«A Tr»m#orl»aon Marrtima Mixicmi S. k. "MEXICAN NATIONAL LINE" FM EAST/MEXICO I CEMTIAL MEBCA SERVICE "w TIM few* «f La**" LOADMG (OK (MSINMM MAKZAMUO ACAPU.CO. ACAJUTU. COMHO SAN OS PUNTMINK (COSTA MCA) COATZACOAICOS
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      Page 18 Advertisements Column 5
      326 18 'mO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD SANKYO LINE JAPAN/STRAITS SERVICE ocear mm i onaress pte ltd SMUPCAE m 22*1144/7» au» I UM IB 4A4M4 «M 75» EAST MM MMPMS m JM7H/V7WI MUTSM IHK i lUMvan m nm A UTZS SUN UNION LINE KARACHI SERVICE aural PJKLMK POMMC LOUD FOt n
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      892 19 PIL cm i pnuTimro prompt Trt PHI n GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH. JEDDAH AQABA (Reefer Cntrs Acceptable) Accepting LCL Cargo to Colombo A Aqaba. S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS' VESSEL *NEP ZIRCON NEP TOPAZ NEP ZIRCON NEP TOPAZ VOY. 465/47N 48S/49N 48S/49N 50S/51N MANILA
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      Page 19 Advertisements Column 2
      748 19 nr*: BEN LINE CONTAINERS EXPRESS com AMI SERVICE TO/FROM EUROPE KBURC B'HAVEN ROAM HAVRE SOTON 188 SpOft P Mt«|WO<u»,/ Avstru Antwerp Fr**c*A9UK hmmtknm k(M 25/1 27/9 29/9 »/9 21/9 FraMwtbprHi VI 77/1 29/9 31/1 1/9 2/1 v» n/t »/i m/i 1/1 2/9 li/t l/* 1/1 t/t */i 17/9 5/1 7/1
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      Page 19 Advertisements Column 3
      398 19 Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE II yj in o/i ivo an a/« 20/0 tn s/i» vio yi* 7/10 12/11 13/10 is/10 Uwpppl lUL. Cm) I 1) Mrtap. SMdMM. (Mi. I Wit I 2) C«p* 4) AMwp lilnte UK 5) BwcMaa. Gi ALI U mMs turn* Fa/fa rtraM MK
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      Page 19 Advertisements Column 4
      441 19 BOUSTEAD SHIPPING AGENCIES w BANK LINE FOR REUWON t S. AFRICA A. VESSEL Sept Also occepting FCL containers. (loading direct for Reunion, Durbon and Copetown only) Lines U.S. NEST COAST SERVICE SMe/Tac VBC 16/9 21/9 Much *0 cat loßfOMch LOJ Anfdn I San fraawcai (abo acctpM| fa art BrcakM carp
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      819 20 >a"K"line KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER S£«VICES TO NORTH AMERICA (ID FEEDER VESSELS* PK SP MOTTO OSSELS II U FauOy let lON 3/1 6/8 Padßc knm 22/8 1/' Mkaaa Mara 22/8 use m 1/1 31/1 IG/9 3/9 l«/» urdßa, 9 24/8 »/l lapa* 11/» Lam Cat* BriOg* 11/9 Xw«6c
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      Page 20 Advertisements Column 2
      613 20 CAUFORRM/PACfIC NORTH WEST SERVICE EXPRESS CORTAMER/REEFER SERVICE Im*| to: LOS AMBIS. SAN FRANCISCO. SEATTU. TACONR. VMCOUK) B C i fa/ra M*n P. Man Savpri I Anfttes M MLLMT IS l< km UM AUSTRALIA EXPRESS CONTAINER SERVICE Fa/Fa Man PMa« S port MHb AM S* too Kxapt] MS" 20% 21 So*
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      Page 20 Advertisements Column 3
      483 20 roup SINGAPORE SHIPPING AGENCIES PTE LTD 20TH f LOOR OCt AN BUU DtN(, SINGAPORt 0104 MARKtTING 9111??(3LINFSI Of Nf RAI *****114 IINtS I TERMINAL Of f »Cf 222J583 Tf Lt RS 74b9?> RS 2bb6B A B CARSHIP CABlt CARGOSHIP Tin uilnniii l'('!|ional (.oiit.'iiiM'r liini's WEEKLY CONTAINER SERVICE to/from BANGKOK :\l*
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      Page 20 Advertisements Column 4
      570 20 KORINS MARITIME SERVICES S Room 601 ICB Building. Shenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4 *****5 MIDDLE EAST/BED SEA/EUBOPt SERVICES STORE P. KELANG LOADMG FOR: RNYANG N0.17.. 10 Aug Bandar Abbas/Bandar ASIA HOPE 29 AugSHEELA 20 Aug SIMM HERALD. 30 Augieddah/Tripofi Bandar Abbas/Khomeri Bahrain/Kuwait/Dubai jTj Iffyundae Shipping
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      Page 20 Advertisements Column 5
      479 20 INTRASEA (PTE) LTD Suite 2616 International Pla/.t -ic Singapore C 207 Te! *****"'' 'Oi i I BREAKBULK SERVICE TO EUROPE/UK FULL CONTAINER WEST BOUND SERVICE FULL CONTAINER EAST BOUND SERVICE FULL CONTAINER HK/KEE/YOKO SERVICE I Am Hng Ka*t/KeeMi(/Ya 21 Am Nnf Kam/*eaM*/Ya «pn MTRASEA (PTE) LID YEO SHPPM6 I TRADM6
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      Page 21 Advertisements Column 1
      490 21 NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/from Scandinavia +S.S. BRIDGE S'pofe Closing Times: FCL Cargo 0400 6/8 LCL Cargo 1600 5/8 FROM EUROPE (VIA SUEZ) TO AND FROM AUSTRALIA: lAKARTA SMGAPORE. PENANG...... P. KELANG.. BRISBANE... SYDNEY ADELADE FKEHANTIE. Also accepting cargo to/from Bangkok and E.
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      Page 21 Advertisements Column 2
      368 21 mukß MAC-IKLS AGENCIES PTE. LTD. fTV 1304 13TH FLOOR HONG LEONG BLDG. TII mocc bmcq —won mid qwto oil »ruc«tai FCL LCL UK/Europe Container Service S'pv* HW| I'te ILK. I'm* 11m 9/8 7/5 11/f 13/9 14/9 Auitrilii ConUinw Swvioc Spar* SyOwy UaWi* (Mm: F'smMi ft Itm) t/t a/i 2/9 29/S
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      Page 21 Advertisements Column 3
      733 21 SINSOV SINGAPORE SOVET SUPPING CO PRIVATE LTD SMSOV BULDMG 55, Market Street Singapore 0104 Telephone Numbers *****3 (10 Lines) Cable Address SMSOV SMGAPORf Teiei Numbers RS ***** RS ***** RS ***** f KELAN6 M/S SNARKAT MM SOON SON RHD IST AND 2ND FLOW. NO 1, JALAN CEMPENKG. PORT KIANG MALAYSIA
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      Page 21 Advertisements Column 4
      35 21 TV CAl\/ll\fll 1 IKI vmiiMiit u.i i i BULK TIMBER PLYWOOD SERVICES -V,v <-v W r St**Z-r i T fcv J> :JI *>§-''•] EXPRESS TO BMTULU LOHC UTN (M 1M) «n LONG uni (MI1M) MT u
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      405 22 A ANTOLL LINES Independent FCI Confirm Heavy lifts Lrer Service 0»»ct B Uto Mtß 'GIONG S'D** WrSS»f« (PORT SAID ALEXANDRIA) stor rise nam tuim** WW IS kW ta|l» tajtt ta|» DOT 17 tain un i S*t I W) 11 Carp Boaknp Hum Phone *****43 DIRECT LINER SERVICE FROM EGYPT NHJMOM
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      Page 22 Advertisements Column 2
      517 22 *3 OCEAN LINES REGULAR NON CONFERENCE SERVICES KHTCMAICAN SEA SEMCE (Mso xceptmt c*f|o to fh«Hia Bourjis Constirui to m*krmrirt) S port P Mat tony* loa*n| tor H tm N Part SaM/Maian*a/Uaiassel Kawi/Mnil/LatUUa/ OWED VESSELS V- SAGASIA PTE LTD. (LOUS DREYFUS GROUP OF COtttMES) (Tot *****55 (5 km) TELEX RS *****
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      Page 22 Advertisements Column 3
      305 22 ft JOHORE SHIPPING LJf in lA| AN HNf.KU BAHAR POP! KM ANf, SH ANGOR MAL AVf.IA HAJ SHIPPING SDN. BERHAD l t*pressUntto«dServcetrom P Want Cist Matayva t Brirei HAYATI V: 11/11 HAYAH V: 12/11 HAYATI V: 13/11 HAMDAH 14/11 HAMMM 15/11 mmm t. u/ti P. KELANS l/l 21/1 3/1 5/1
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      Page 22 Advertisements Column 4
      303 22 SEABRIDGE AGENCIES t M ORCULAR ROAD STORE 0104 TEL: *****4. *****6, *****1. ARABIAN GULF ROUTES IK r«:- WMM M KUWAIT, bUbM. DAMtfft. KUWAIT RED BEA ROUTES UDO. NOOQDMi HJOAH. AQABA. MOGADISCIO. PORT SUDAN EAST AFRICA ROUTES DNCSSALAMI, —Ml INDIAN OCEAN ROUTES CMTTftGONG. MAMAS. RANGOON, COLOMBO, INDONESIA ROUTES STOK JAKARTA, SURABAYA
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      Page 22 Advertisements Column 5
      243 22 TITI SHIPPING TRADING SON. BHD. B (UNLOAD EXPRESS SERVICES TO EAST MALAYSIA AND BRUNEI ACCEPT*; HAVYIFT UP TO 16 TONS SatVICB TO MM, KOTA KMABALU P JKUNC BOT hPM m u«i )i t* ft aiiM, tuNi IIBOKHKAftMN K(1 INb !f| ,«!> fMNfe 17* H HOM n«*J»«0«C if! 4 (V Gen
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  • Page 22 Miscellaneous
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      Page 22 Miscellaneous Column 1
      166 22 fi Regional Weather W m a o is V T > Si v. V I tu V: s CT^ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather W '«J direction with speed in knots RMin Wave height Cloudy Sky Barfaee winds
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