The Business Times, 16 June 1983

Microfilm: NL14069
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 THURSDAY, JUNE 1«, 1983 60 CENTS
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  • Article
    Lock icon Donors pledge US$2.24bn in aid to Indonesia
    453 1 Reuter AP THE Inter-Governmental Group on Indonesia (IGGI) has pledged U552.24 billion in aid to Indonesia in 1983/ 84 and said more cash could follow. It said on Tuesday in a statement after a two-day meeting in the Hague that the members of
    Reuter; AP  -  453 words
  • Article
    UOB elected chairman bank of association
    133 1 UNITED Overseas Bank (UOB), one of the Big Four local banks, was elected the new chairman bank of the Association of Banks at the 10th annual general meeting of the ABS last night. Mr Allan Ng Poh Meng, representing UOB, replaces Mr Chua Kim
    133 words
  • Article
    Land sought for new hospital
    307 1  -  By MONICA GWEE A EUROPEAN medical group is ready to spend US$2O million (Ss42 million) to buy a piece of land for a new hospital. The group is shopping for a 10,000-square-metre site to build a "specialist hospital", estate agent Jones Lang Wootton said yesterday.
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  • Article
    Second Gold Coin venture in China
    513 1  -  PLAN FOR LIVESTOCK FARM By CHOO AI LENG GOLD COIN Ltd, which recently set up a feedmill in China, is considering a second venture there. The group is discussing with the Chinese authorities the possibility of setting up breeding farms to supply better livestock.
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  • Article
    More qualify for tariff cuts
    183 1 MORE of Singapore's exports to Asean countries are now eligible for preferential tariff cuts of 20 to 25 per cent. They are products whose import values fall between US$l million and US$2.5 million, the Trade Development Board said yesterday. A total of 427 items are
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  • Article
    Ssangyong Cement seeks listing on SES
    212 1 SSANGYONG Cement (S) Pte Ltd, Me of the largest cement-makers here, is seeking listing on the Stock Exchange of Singapore. The first Snath Koreanowned company to go public here, Snangynng will announce a public offer of shares tomorrow. Its issue nf shares is being
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  • BRIEFLY...
    • Article
      US rubber purchase
      41 1 THE US has overtaken Singapore to become the largest buyer of Indonesian rubber. The Indonesian Rubber Association said the US bought 339,148 tonnes in 1982, up 36.8 per cent, while Singapore bought 207,697 tonnes, down 27 per cent.
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    • Article
      Skyhawk crashes
      52 1 A REPUBLIC of Singapore Air Force A 4 Skyhawk crashed yesterday morning on a beach west of the Causeway. The Skyhawk was participating in an air defence exercise when the incident occurred. The pilot ejected to safety. A team from the RSAF has left for the scene of
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    • Article
      Lock icon Borrowings by ADB
      53 1 AFP THE Manila-based Asian Development Bank (ADB) made 10 borrowings from world capital markets totalling U*****.2 million during the first five months of this year, a statement said. Proceeds of the borrowings will be included in the ordinary capital resources of the bank and used in its
      AFP  -  53 words
    • Article
      Lock icon Industrial output up
      46 1 Reuter AMERICAN industrial production rose 1.1 per cent in May, seasonally adjusted, the Federal Reserve Board said. The advance followed a revised 2.0 per cent gain in April, according to the Federal Reserve, which previously said April's increase was 2.1 per cent. Reuter
      Reuter  -  46 words
    • Article
      Lock icon Aid to India
      71 1 AFP MEMBERS of the India international aid consortium were yesterday expected to grant loans worth US$36 billion for 1983-84, India's Finance Secretary Mr M.Narasimhman said in Paris. He said at the end of a 48-hour meeting of the under the aegis of the World Bank that the
      AFP  -  71 words
    • Article
      Lock icon PanAm flight
      54 1 UPI PAN Am has launched its first flight to Taiwan in three years, saying the new service will help restore some of its business in the Pacific, but China warned the flights will have "severe repercussions". PanAm officials said flight 801, a Boeing 747-SP, took off from Kennedy
      UPI  -  54 words
    • Article
      Aid for steel
      46 1 CHANCELLOR Kohl's centre-right government has approved three billion marks in aid for the West German steel industry. The cabinet decision, made late on Tuesday night, earmarks 1.2 billion marks of state funds in investment bonuses and 1.8 billion marks for streamlining the industry.
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    • Article
      Lock icon Thatcher firm
      66 1 AP BRITISH Prime Minister Thatcher said that she is not ready to trade in Britain's independent nuclear forces as part of a disarmament deal between the superpowers and that the force will be modernised as planned. She said that her government's commitment, announced on Tuesday, to buy a
      AP  -  66 words
    • Article
      Lock icon Dow Jones down
      54 1 AP NEW YORK stock prices were little changed yesterday morning, levelling off after the strong advance of the past four sessions. The Dow Jones Average of 30 Industrials, up more than 41 points in the last four trading days, slipped back 1.40 points to 1,225.86 in the
      AP  -  54 words
  • Article
    NTUC Income tightens by-law on policy loans
    419 1  -  By LEE YOKE MENG NTUC Income yesterday tightened one of its bylaws such that policy loans could be extended only to those services approved by the board of directors. Among these services are study loans, renovation loans for housing board flats and loans
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  • Article
    Lock icon Japan may boost imports
    300 1 AP JAPANESE government leaders, expressing concern over rapidly growing trade and current account surpluses, have called for measures to stimulate the economy and boost imports. The Economic Planning Agency (EPA), in its monthly economic report, noted that while Japanese exports have been picking up, domestic demand
    AP  -  300 words
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      247 1 lops in Car Audio Technology FUJITSU TEN LIMITED AMATEUR PHOTO STORES LTD Singapore: Phone *****22 Kuala Lumpur Phone *****3 *****0 Penang: Phone ***** ***** Jakarta Phone *****9 BANKERS and officials of finance companies hold mixed views on the outlook for housing loan rates in the next few months Page 2
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      Page 1 Advertisements Column 2
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      Page 1 Advertisements Column 3
      97 1 For condominium strata title professional management services for your properties, please call our manager for personal discussions or quotations:Jason Yap, No. 1, Colombo Court, #06-17, Singapore, 0617 T«l: *****06 What happens when an unknown car rental company becomes known? /il *1 f Well. We're still offering you the kind of
      97 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Spotlight on US interstate banking
      756 2 Reuter AN APPEAL by a top US Justice Department official for an end to federal limits on interstate banking spotlights an issue that has had relatively short shrift at the national level from those seeking deregulation of banking. William F Baxter, head of the Justice
      Reuter  -  756 words
    • Article
      Mixed views on housing loan rates
      345 2  -  By AGNES WEE BANKERS and officials of finance companies hold mixed views on the outlook for housing loan rates for the next few months. Some bankers think that the rates may ease slightly but others expect it to remain steady for a while. In
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    • Article
      Lock icon Insurers turn down Sabah estate risks
      125 2 Reuter WESTERN insurance companies have turned down crop insurance to plantations in the East Malaysian state of Sabah following widespread bushfires, caused by a recent three-month drought, insurance sources said. The drought destroyed more than 2,428 hectares of cocoa and oil palm crops. The
      Reuter  -  125 words
    • Article
      Lock icon Aid pack for Belgrade soon
      316 2 Reuter NEGOTIATIONS on a Westem financial aid package of more than US$4 billion to help revive the Yugoslav economy are nearly complete, deputy Prime Minister Zvone Dragan said. Mr Dragan. who oversees the economy, said on Tuesday that the complex negotiations would be finished by
      Reuter  -  316 words
    • Article
      Lock icon Record output of gold last year
      234 2 Reuter WORLD gold production, excluding Eastern Europe. China and North Korea, rose last year by 44 tonnes to 1,010 tonnes, the highest level for eight years, the Bank for International Settlements (BIS) said. The bank said in its 1982/ 83 annual report that gold
      Reuter  -  234 words
    • Article
      Lock icon Euronote increased
      111 2 Reuter THE FLOATING rate note launched on Friday for the European Commission has been increased to US$l.B billion from the $1.5 billion originally planned, bond market sources said. The seven year issue, the largest Eurobond ever, carries a coupon of 1/8 of a percentage point over six month
      Reuter  -  111 words
    • Article
      PLR
      22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 8.98 per cent.
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    • Article
      ASIAN $ RATES
      192 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on June 15: 1'8 DollarxSpot) Offer Bid 7 days 9 5/16 9 3/16 1 month 9S 9h 2 months 911/16 9 9/16 3 months 913/16 911/16 6 months 10 1/16 9 15/16 9 months 10 3/16 10 1/16 12 months
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    • Article
      Discount
      46 2 RANGE of prices ottered by discount houses on June 14: Overnight: 3 Call deposits 2 3 CkMiif Buyitf SclliM 3-month Treasury bills 29/16 21/16 3-month Bank bills 7 13/16 711/16 3 months CD 71/16 6 15/16 6 months CD 7W 7W Source: National Discount Co
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    • Article
      London
      73 2 STERLING yesterday opened slightly firmer after Tuesday's sharp falls and the dollar was stronger against most currencies. Opening quotes yesterday: us 1.5245 52 Can 1.8840 65 Cross 1.2363 66 DMk 3 9240 9306 DF1- 4.3885 3945 S FY 3.2615 65 B FY coo 78.32, 47 F FY 11.7960/8150 Lit
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    • Article
      Singapore market
      510 2 THE US dollar closed stronger against major currencies on the local foreign exchange market yesterday. There was an obvious oneway trend with relatively strong commercial demand for the US dollar. Against the local unit, the US dollar opened at 552.1275/85 and was traded down to a low of
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    • Article
      Tokyo
      209 2 THE DOLLAR yesterday closed steady at 242.95 yen in lacklustre trading in the absence of fresh news, but was firmly supported by expectations of firmer US interest rates. The dollar fluctuated between 242.75 and 243.08 yen after opening at 242.80 yen, against a 242.60/70 yen finish in New York
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    • Article
      GOLD
      231 2 GOLD FUTURES in Singapore yesterday closed slightly lower in quiet trading due to lack of fresh factors Total sales for the day was recorded at 83 lots while kerb volume at 436 lots. Prompt closed slightly weaker at US$4lO 411 an ounce against 411 412 in New York. August
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    • Article
      Silver quotes
      36 2 New York 1162B 1178B 11«S 1185S Zurich U.57B 11. STB 11.S7S U.77S Wed TM Singapore 11 55B 11 85B 11 65S U»S Closing prices in US dollars a troy ounce Source: Credit Suisse, S'pore
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    • Article
      Treasury bills
      42 2 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $150 million 91-day Treasury bills to be issued from June 20 to June 24. Each tender must not be for less than $250,000.
      42 words
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      Page 2 Advertisements Column 1
      221 2 yv *> c /mJy jl s S dr/ V''X ill 111 111 lif if wj ill if h SsSfiSsSshU' 11 DESIGNED FOR TODAYS BUSINESS NEEDS Sophisticated telephone systems by TIE with all the features you want at the touch of a key. im MS mm TIE is the world's leading
      221 words
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  • TRADE AND INDUSTRY
    • Article
      S'pore may play part in artificial intelligence soon
      352 3 IN THREE to four years' time, computer professionals here may have progressed to a stage where they can design and market sophisticated software programs called "artificial intelligence" packages. These packages may, for example, be used by a doctor who needs the advice
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    • Article
      BRIDGE RESULTS
      76 3 INDONESIA and Thailand dominated the sth Asean Bridge Clubs Championships, which took place in Bangkok last week. Pairs Championship: 1) H Lasut F Manoppo (Indonesia) 2) Prapong Maichareon and Sira Tansitipat (Thailand) Mixed Team-of-Four 1) Thailand 2) Thailand Open Team-of-Four: 1) The Votta Manado Team (Indonesia's national team)
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    • TRADE TALK
      • Article
        NEWLY-FORMED
        101 3 Haw Par Industries has announced a range of diesel generator sets called the AM 'G series. Manufactured in Singapore by Haw Par Industries, the range of generator sets has an electrical power output capability of 100 to 1,000 KVA. They are suitable for prime power, where normal mains supply
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      • Article
        LONGINES
        82 3 Watch Co of Switzerland and Jebsen and Jessen Pte Ltd have agreed to renew their agency contract for another five years. Under the agreement signed recently, Jebsen and Jessen will continue to distribute Longines watches in Singapore, Malaysia, Indonesia and Brunei until 1987. The two companies also agreed that
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      • Article
        CANON USA
        74 3 Inc will intro- duce a desktop system copier with a colour developer unit. Its president, Mr Fujio Mitarai, said the NP-500AF unit, also known as the Fast back, has a two-colour copying capability. It delivers 50 letter-size copies per minute on any kind of paper and will retail
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    • Article
      Ordnance companies move to become more effective
      531 3  -  By RICHARD SEAH THE Government's military supplies (ordnance) companies have combined their resources to be more effective as a high technology group of companies. Singapore Technology Corporation (STC), as the new force, will help three ordnance groups produce better military equipment. It will
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    • Article, Illustration
      PEOPLE IN BUSINESS
      293 3 THE Asian Wall Street Journal has appointed Headall E Bagge as general manager. In this new position, Mr Bagge takes on the responsibilities of John C Orr, who resigned as publisher of the Hongkong-based newspaper. Mr Orr has been appointed chief executive of the Singapore Monitor newspaper
      293 words
    • Article, Illustration
      Good recovery in Swiss watchmaking sector expected
      443 3  -  By MONICA GWEE THE Swiss watchmaking industry is confident of a strong recovery, said Mr Eric Steiner, deputy director of Rado Watch Co Ltd. Mr Steiner, 45, who is in Singapore, said the merger of the two largest Swiss watch manufacturers last month
      443 words
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      Page 3 Advertisements Column 1
      177 3 Editorial...page 8 If you demand excellence You'll rent more than just a car The 1983 fuel injected Volvo 360 GLT is now available for rent. It's one of the fastest cars on the road today... 0-100 Kph in around 10 seconds. The sheer joy of driving one of these machines
      177 words
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  • OVERSEAS
    • Article
      Lock icon Indonesia may lose US$4m of fertiliser stranded in Greece
      363 4 UPI INDONESIA is threatened with the loss of US$4 million worth of fertiliser stranded aboard two ships in Greece, trade sources said in Jakarta on Tuesday. A first shipment of 10,000 tonnes of fertiliser worth $2 million has been aboard the
      UPI  -  363 words
    • Article
      Lock icon Australian payments deficit at A$106m
      195 4 Reuter AUSTRALIA'S balance of payments as measured by net official monetary movements recorded a AJIO6 million deficit in May compared with a $966 million surplus in April and a $1.19 billion surplus in May 1962, the Statistics Bureau said. Net apparent capital inflow fell to
      Reuter  -  195 words
    • Article
      Lock icon Oil market expected to be stable in short term
      530 4 Reuter AP ALTHOUGH the world oU market is more uncertain now than it ever has been, global demand and supply will probably be balanced and stable for two to three years, according to Joseph Stanislaw, a senior economist at the International
      Reuter; AP  -  530 words
    • Article
      Lock icon End of freeze makes NZ attractive to investors
      131 4 Reuter THE end of the 12-month freeze on dividends, pay and prices introduced last June by New Zealand Premier Robert Muldoon has made the country increasingly attractive to investors, stockbroker Duncan Priest said. Mr Priest of Wellingtonbased Renouf Partners said in a
      Reuter  -  131 words
    • Article
      Lock icon Canon plans to build factory in America
      386 4 UPI CANON Inc. a leading Japanese maker of cameras and office automation equipment, is studying the possibility of building a new plant in the United States to produce copiers and other office machines. Fujio Mitarai, president of Canon USA Inc, Canon's American unit,
      UPI  -  386 words
    • Article
      Lock icon Lebanese Parliament approves pullout plan
      175 4 Reuter THE Lebanese Parliament, brushing aside strong objections from Syria, has approved the Israeli troop withdrawal accord signed by the Beirut government last month. After a two-day debate, the single-chamber assembly on Tuesday voted 65 in favour of the accord with two votes against and
      Reuter  -  175 words
    • Article
      Lock icon Chernenko hits at West
      62 4 Reuter SOVIET Communist Party Secretary Konstantin Chernenko has reasserted himself at the forefront of Kremlin politics with a tough speech hitting out at the West and reinforcing hardline doctrines at home. In his keynote ideological report on Tuesday, the 71-year-old Chernenko called President Reagan's Administration irresponsible
      Reuter  -  62 words
    • Article
      Lock icon Employees offer to buy state-owned US railroad
      382 4 NYT CONRAIL'S 40,000 employees, in an effort to preserve their jobs, have offered to buy the huge freight-carry-ing railroad from the US government in a deal they valued at US$2 billion. If the proposal is accepted by the Reagan administration and approved by
      NYT  -  382 words
    • Article
      Lock icon Two brokers accused of inflating stock prices
      324 4 NYT THE Securities and Exchange Commission of the US has accused two former managers of the arbitrage department at Merrill Lynch, Pierce, Fenner and Smith Inc of artificially inflating the prices of stocks and options in the brokerage firm's portfolio in order to
      NYT  -  324 words
    • Article
      Lock icon Steel says he may quit as Liberal Party chief
      415 4 AP FOLLOWING the resignation of two of Britain's opposition party chiefs in two days, a third leader, Mr David Steel of the Liberal Party, said he is contemplating stepping down. The latest repercussion followed Conservative Prime Minister Margaret Thatcher's landslide victory
      AP  -  415 words
    • Article
      Lock icon UK ready for budget fight
      335 4 Reuter BRITISH Prime Minister Margaret Thatcher was quoted as saying there would be a tremendous fight in the European Economic Community over the budget issue. Thatcher, boosted by her convincing win in last week's general election, appeared set to take a tough line with Britain's
      Reuter  -  335 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      817 4 ARRIVALS Service Local Operator Number Time From BA BA14 0045 MEL SYD PER PAA PA5 0015 JFK SFO HKG MAS MH601 0820 KUL MAS MH671 0905 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL RBA BI421 1000 BWN GIA GA887 1020 LGW FCO BKK MAS MH603
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    • Article
      Lock icon Forecast of a steady M'sian rubber market
      336 5 Bernama THE Malaysian rubber market is expected to remain steady according to the Malaysian Rubber Exchange and Licensing Board. In its May rubber market review, the MRELB said some traders were even concerned about the inadequacy of the market to meet substantial new
      Bernama  -  336 words
    • Article
      Lock icon OECD inflation and growth likely to be modest
      273 5 Reuter THE Organisation for Economic Cooperation and Development will experience modest economic growth and inflation in 1983 and 1964, but the longer term prospects largely hinge on the stance of US economic policy before the 1984 presidential election, the London Business School
      Reuter  -  273 words
    • Article
      Lock icon Unemployment in EEC expected to worsen
      211 5 UPI UNEMPLOYMENT in the European Economic Community is forecast to rise to more than 15 million from 12 million currently before starting to fall, EEC employment commissioner Ivor Richard said. He told the annual conference of the International Labour Organisation that EEC unemployment now
      UPI  -  211 words
    • Article
      Lock icon World heading for fall in food output
      249 5 Reuter WORLD food production is heading for a serious fall this year after bumper grain crops last year, Edouard Saouma, director general of the United Nations Food and Agriculture Organisation (FAO), said in Rome. European wheat and coarse grain production is expected to
      Reuter  -  249 words
    • WORLD IN BRIEF
      • Article
        Lock icon BL HIT AT BY RENAULT
        419 5 Agencies THE head of the French motor company Renault has hit out at BL PLC for its links with the Japanese Honda group in producing cars for Europe. Bernard Hanon, president of Renault, said BL should have turned to Europe for cooperation rather than the
        Agencies  -  419 words
    • Article
      Lock icon Regan thinks recession will be over sooner
      377 5 Reuter TREASURY Secretary Donald Regan predicted the US economy will pull out of the recession taster than earlier projections and vigorously opposed limiting the scheduled 10 per cent income tax rate cut due in July. Appearing before the House Ways and Means Committee,
      Reuter  -  377 words
    • Article
      Lock icon Economist says US should emulate Japan
      153 5 AP ECONOMIST Lester Thurow told the US Congress that America must quit propping up outmoded manufacturers with "back-door industrial policies" and instead adopt a coordinated strategy to foster world-class industries. Appearing before the House hanking subcommittee on economic stabilisation, be also called for establishing
      AP  -  153 words
    • Article
      Lock icon Third World debt may undermine recovery
      405 5 UPI SOARING international debt among developing nations could undermine full economic recovery during the 1980s, US Federal Reserve chairman Paul Volcker warned. Mr Volcker predicted the 1980s would be a mirror image of the *****, with productivity increases instead of decreases, and gains in
      UPI  -  405 words
    • Article
      Lock icon Sales for five American carmakers up 21pc
      174 5 AP EARLY-JUNE car sales for five of the six major US carmakers rose 21.1 per cent from a year earlier, the companies said. General Motors Corp and American Motors Corp posted the highest increases. Only Ford Motor Co reported a decline. The five
      AP  -  174 words
    • Article
      Lock icon Volcker to be reappointed says paper
      88 5 Reuter THE Washington Post quoted US officials as saying they expect President Reagan to reappoint Paul Volcker as chairman of the Federal Reserve Board within the next few days. However, White House spokesman Larry Speakes said on Tuesday Mr Reagan has not made a
      Reuter  -  88 words
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      171 4 American Hospital Care in Singapore r—- >*-. K| t: Singapore now has an American hospital with the latest medical equipment. You'll find staff trained to US standards with top facilities for your health and comfort at competitive costs. 24-hour emergency department with ambulance service and dental care Hospital designed by
      171 words
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      Page 4 Advertisements Column 2
      22 4 Pan Am's Space Seats Around The World 'More Seatroom, More Legroom, More Space To Stretch Out. Pan Am.You Can't Beat The Experience.
      22 words
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  • Page 5 Advertisements
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      100 words
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      221 5 CECIL POINT The point of all business activity v 'm FOR SALE Prices from $875 per sq. ft. W\ $pBI jVf <> J *v *w it C i i I#!' j mil 1 itfliN Ell) tl < J j—. JUidL' I k-4/ > —gpy.-f/// "T> ■HVPffr.Choosing the ideal location for
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  • RAW MATERIALS
    • Article
      RUBBER
      269 6 RUBBER PRICES in Singapore yesterday closed slightly higher with July One RSS buyers quoted at 228.50 cents per kilo, up half a cent from Tuesday's close. Morning prices were marked up slightly on balance despite lack of buying support and some speculative selling after a higher opening. Afternoon prices
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    • Article
      CLOSING PRICES
      30 6 Rubber: June 15 Singapore: July: 228.50 cents (up 0.50 cent) Malaysia: July: 247.50 cents (unchanged) Tin: M 530.75 per kilo (up 4.00 cents) 175 tonnes (down 23 tonnes)
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    • Article
      Straits Tin
      102 6 THE STRAITS TIN price in Penang yesterday rone (our cents te M 531.75 a Idle, still within the ITA lower range of M 59.15 and Dealers said the firmness mainly reflected continued strong support by the baiter stock manager who took the entire offering of 175 tonnes, down
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    • Article
      RAS PRICES
      433 6 RAS prices In cents per kilo yesterday: Noon Gose (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 227.00 228.00N 226.00 227.OON Int. 1 R.S.S. July 229.50 230 00 228.50 229.00 Int. 1 R.S.S. August 231.50 232.50 230 50 231.50 Int. 2 R.S.S. 221.50
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    • Article
      RICE
      310 6 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.04, 100 per cent second class 0.76, 100 per cent third class 0.72, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-super 0.62, Special 0.56.
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    • Article
      Produce exchange
      180 6 cs HIN ES E Produce Exchange, Singapore, noon closing prices per 1M kg yesterday. Cocoaot oU: Bulk fob $120 00 sellers, old drum (in second hand drum) fob $133.00 sellers, new drum fob 1137.00 sellers Copra: Mixed (loose) $70 buyers. Pepper: Muntok white pepper fob Asta NLW $370.00
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    • Article
      TEXTILES
      203 6 The market was closed yesterday. Yarn and cotton prices were quoted as follows in Hongkong on Tuesday. (In HK dollars, spot ex-go-down) Cottoo yara: China Blue Phoenix 20s 2,515; 32s 3,260, 40s 3,390 (per bale pf 400 lbs). Pleec goods: China Butterfly and Globe brand unq; Dragon Head unq;
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    • Article
      PALM OIL
      131 6 THE Malaysian crude palm oil market yesterday closed easier on renewed short-selling in moderately active trading. In the June position, central region fell Mslo to MST9O a tonne, north M 17.50 to M 1792.50 and south M 55.00 to M 1797.50, while in July, south lost M 53.50
      131 words
    • Article
      SOYBEAN
      189 6 SOYBEAN futures in Chicago on Tuesday broke late in the session to close six to eight US-cents a bushel lower. July ended near the bottom of a ten cent range. Local and commission house selling, with little buying support, pushed prices below key support levels and contributed to technical
      189 words
    • Article
      WHEAT
      191 6 WHEAT futures in Chicago on Tuesday closed mixed, ranging from up l'j to off two US-cents a bushel in light activity. July traded in a five cent range. Traders said firmness in nearby July prices, particularly with the firm cash corn basis, kept wheat values from dipping. Slow development
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    • Article
      LONDON MARKETS
      911 6 COFFEE: Robusta coffee futures yesterday consolidated at midday just below the morning's highs with operators believing that early price rises were a little overdone. Gains from Tuesday's close ranged from £23 to £8 a tonne, with particular interest in September, which ended the morning at £1,634, up £20,
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      Page 6 Advertisements Column 1
      120 6 To Colombo arid on to Europe ...with a taste of Paradise all the way. V A" K Wl 0 S OT* 4 41 '*-7: Y 1 vt as X' jk superb Tristar comfort non-stop from Singapore to Colombo every Tue, Thur, Sat at JF 8.50pm. Then enjoy a relaxing f
      120 words
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      Page 6 Advertisements Column 2
      231 6 TVR EXPERT The best man to keep your high performance car running beautifully is the man who has worked with fine machinery all his life Zanis of Autohouse Service Centre spent 2 years on the South East Asian racing circuit working with Formula, saloon and rally cars He has also
      231 words
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  • Article
    SIA revs up to brave challenges of decade
    784 7  -  By WANG LOOK KEAH SINGAPORE Airlines' recent US$l43 million aircraft order, placed barely a year and a half after its gigantic US$l6 billion purchase, has raised many eyebrows. Many marvel at the optimism which the carrier has in investing millions in new
    784 words
  • Article
    Lock icon Soviet military might exaggerated
    709 7  -  By CHRISTOPHER HAHSON Reuter PRESIDENT Reagan and the Pentagon have consistently over-estimated Soviet military power to justify higher arms spending, but the resulting weapons have actually weakened the West. A forthcoming book, The Threat, by Andrew Cockburn, a contributing editor of the newspaper Defence Week, takes
    Reuter  -  709 words
  • Article, Illustration
    SIA's medium-haul fleet to get facelift
    298 7  -  By WANG LOOK KEAH SINGAPORE Airlines last month announced its purchase of 16 new generation aircraft six Airbus 310, four Boeing 757 and dx Boeing 747 Stretched Upper Deck (SUD). This purchase allows the national airline to change its medium-haul fleet completely as the
    298 words
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    • Advertisement
      Page 7 Advertisements Column 1
      23 7 MAVEST Showplace of Europe's Finest Fashions jR V £> ft r MAVEST SHOWROOMS 14 Scotts Road #03-108 Far East Plaza, Singapore 0922 Tel *****21
      23 words
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      Page 7 Advertisements Column 2
      342 7 SAAB TURBOAfC ONLY FOR THE ELITE f ;^TqR tat* A y. cc >/ y\ r i o 4 r Ap> C 0000 I EUckonc ooram crtf The components of the APC System with the thinking turbo engine called APC. The turtxv'APC gauge The new SAAB Turbo with Automatic Performance Control
      342 words
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  • Article
    Expertise in a container
    395 8 TO BE or not to be? That's not the sort of questions one would normally ask a computer. For all their mind-boggling capabilities, computers are "dumb" machines. They answer only straightforward questions, naturally with simple answers usually a number, yes or no. Most computers cannot be
    395 words
  • Article, Illustration
    Lock icon Japan plagued by growing deficits
    1077 8  -  By JIM ABRAMS AP FOR nearly a decade now, Japan has been accumulating budget deficits at a rate which is alarming this frugal nation of savers. The red ink, now equivalent to almost a third of the country's entire budget, has been blamed for stunting
    AP  -  1,077 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      148 8 It The Commonwealth Trading Bank of Australia branch in Singapore, servicing the ASEAN area, is headed by R. W. (Bob) Storr who has had over 17 years' banking and finance sector experience in the area. Whether your business interests are in the ASEAN area, Australia or elsewhere the Commonwealth Trading
      148 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      692 8 TWO-11-OIE GBOSSVORD CRYPTIC PUZZLE ACROSS 1 The best o( bloomers (6) 7 Worked in the theatre (8) 8 Its occupant may have a pushy mother (4) 10 One picked off at pointblank range? (6) 11 Very little time (6) 14 Christopher, for instance, is not on the windy side (3)
      692 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      772 8 TV-JS RADIO SINGAPORE 5 3.00 PM Opening folowed by Dynasty (Mandarin/r) 3.55 Hang Glding The New Freedom An exciting sport in which a person straps himself to a large kite and gets carried through the air for long distances. 4.10 Hawai Five-0 A Touch of Guit (r): A college football
      772 words
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  • Article, Illustration
    Lock icon Andropov to the rescue
    1845 9  -  BREAKING BARRIERS TO ECONOMIC GROWTH By LEONARD SILK NYT YURI Andropov is seeking to rescue the Soviet economy from the stagnation Into which it lapsed during the final years of the Brezhnev regime. But his effort faces huge economic, political and ideological barriers. A month of
    NYT  -  1,845 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      61 9 Knoll THE ULTIMATE lIN EURNITUItf 1 lit A KNOLL INTERNATIONAL EXHIBITION Mandarin-Hotel Ballroom. South Wing 6th Floor 28th June 29th June 30th June Ist July Enquiries Trade Invitees only 7.00 p.m. to 9 OOp m. Trade Invitees only I.oopm to 9.00 p.m. Open to the public 11.00a.m to 7.00 p.m.
      61 words
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      Page 9 Advertisements Column 2
      48 9 Tne Reliance noteipak offers vou immeaiate confirmation of notei accommooatnon Carefully selected noteis at convenient locations in most gateway cities all over tne woria Savings from to 40S of tne normal notei tariffs No limit on your length of stay Ail rates include local taxes and service ELMNCEj)
      48 words
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  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      870 10 Where to wine, dine and entertain BUI with the American Express Card Hmi, ,f you don't already have the Card, call *****33 for an application form ffc PH m m With every order of beer you will be served, with our compliments, Satay, I Sambal Spring Rolls Titbits m. at
      870 words
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      Page 10 Advertisements Column 2
      219 10 lo our v/ C^UIS/fk <Tf)t s fHctuUton <F>nll ifs^ v I irafrimiMll iimmii t .1111* itis l'i line Kit) of Keel in |IM\ II M IM il <111 .1 S||\»| Wjj^dll. t iiuiih) iii ili< lixc cnuri.iimiiu-iti I>11>\ idrd li\ ili«- ilipinn lian<K-ili<' V I i in' .ind i lie
      219 words
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  • INTERNATIONAL STOCKS
    • Article
      Sydney ends weaker
      389 11 AUSTRALIAN share prices yesterday drifted lower across the boards in subdued trading despite gains on the New York and London markets overnight. Near the close the All-Ordinaries index was down 4.3 points at 606, due principally to falls among leading resource and gold mining stocks. The All-Resources
      389 words
    • Article
      Bangkok
      128 11 JUNE IS Bahts Aokham Thai Asia Fibre Ayuthajra Inv And Trust 132 unch Bangkok Bank 200 •f 2 Bank Of Ajrudhay* Ltd 150 unch Bala Shoe Berll Jucker 301 unch Charoong Thai Wire Firestone First Trust 64 2b j Goodyear Industrial Finance Corp 145 unch Jalaprathan Cement.... 173 -1
      128 words
    • Article
      TORONTO
      176 11 Jtmx M CI Atom m a Aim Algol a 41% +K a Bull Moot a B>nl Nora ScoUa 41 Ball T«i BP Can I-XI a* MM -U k: can SIM Can Imp Bk M Can Prm Mg 4M im a -m ■Ujjmxs m +H nanco* llwlwn nm Um> 1«
      176 words
    • Article
      JOHANNESBURG
      275 11 JUNK 14 Rand INDUSTRIALS A Alpha no unch Abetrom 386 AS And CI HO 10 MO MOO M 50 C O Smith 1340 MS 19 unch fN A Cum* Finance De Bam Lnd Ed con 1375 arm unch Ednrt PedVoU HZ MO unch PU(lt 415 niwh Ontomn Htold Ub
      275 words
    • Article
      Milan
      107 11 JUNE 14 Lire 4-/-Butocl 1M -1.25 Brt ***** -100 Central® Ord 1750 -50 Cond Acqua Roma 143.25 0-25 Erldanla 7780 -130 Flat Ord 2775 -80 Qenermll *****0 -175 Olm 3048 •2 III Prtv 4580 -140 Invest 2230 -35 Italcementl Ord ***** -720 Itol«M 889 -12 Lepetlt Ord ***** -100
      107 words
    • Article
      Market closes lower
      559 11 TOKYO SHARE prices yesterday closed lower in nervous but fairly active trading after early gains, especially in incentive-backed issues, gave way to late selling. The market average fell 10.05 to finish at 8,608.33 after a five-day advance. The Tokyo Stock Exchange Index closed at 641.45, up 0.65.
      559 words
    • Article
      Manila
      198 11 SHARE prices yesterday closed mixed on a turnover of 2.75 million pesos, up from 1.78 million on Tuesday. The Commercial and Industrial Index rose 0.21 to 111.0 and the Oil Index 0.099 to 1.375 but the Mining Index fell 7.08 to 1.449.31. Lepanto B rose to 0.13 from 0.1250,
      198 words
    • Article
      Blue chips higher
      1337 11 NEW YORK A LATE burst of buying by institutional investors pushed blue chip stock prices higher on Tuesday after the market moved indecisively for most of the session. The Dow Jones Industrial Average, which briefly touched 1230.67, closed 6.61 higher at 1227.16. Advancing issues bettered losers nearly
      1,337 words
    • Article
      Amsterdam
      199 11 JUNE 14 ru ABN 374.00 6 AftoM ***** 52 A two 01 40 •f 0,3 AMEV UtJO ♦1.6 Amfu 00 70 -02 Amrobnk 50 JO 0J ss 0 27 JO 1 BoU KJ0 4-1J Borvucer 156 00 unch Boia ft 4-0 J Burtet 40 JO 4-1.1 Ctiand 31.00 06
      199 words
    • Article
      Brussels
      4 11 TP st iw.
      4 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      101 11 Dine Chinese with the Card 1 V„ A ML P CAN E X PRESS i «WV l C w 81^*4 < <% Enjoy a bottle of Hennessy KO on the house! Now, when you dine with the American Express Card at the Lucky Garden Restaurant and spend $225 and above,
      101 words
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      Page 11 Advertisements Column 2
      254 11 2000 J •v Features Of An Price Of An M V right margin justification. Even the typing styles are available in U different modes: Normal face Type, Autoaatic Bold face Type, Normal face Automatic Underscore and BOLD FACE AUTOMATICUNDERSCORL. typing rate e a wide choice ermanent film, the cassette I
      254 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    3288 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 All Times Settlement Contracts are quoted after
    3,288 words
  • Article
    Unit trusts
    209 12 SIMM PORK I MT TB18T (Ma—gars' prima far Jur it) The Commerce 3.39 3 60xd The Savings Fund 2 01 2.13 S pore Prog Fund 1.54 1 (3 S pore Sec. Fund 2.32 2.46 S pore Invest Fund 1.13 1 S pore Equity Fund 1.50 1.99 DIAMOND HOT
    209 words
  • Article
    SHARE INFORMATION SERVICE
    3440 12 Gr's Gr's Net 1983 Laat Div DW YTd P/E Vol Day Hi«h Low Conpaay Sale +or- Ctt (•000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 286 235 Acma 258cd -2 75 2.0 200.0 1 258 258 342 148 Alcom 318 -10 5.0 3.8 15 27.0 133 326 314
    3,440 words
  • Article
    In Kuala Lumpur
    2090 12 BID and otter prices officially Lined' and hnrtnwi in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of chares traded «hewn in bracket! in lots at 1,000 units unless otherwise specified INDUOTUAUS AJaswsto (3.408) aJeaaa (3.428 3.445) (S) 3 (15) 3.42 (14) 3.40
    2,090 words
  • Article
    Uncertainty saps market
    830 12 UNCERTAINTY ewttiMd to prevail la the laeal stock market yesterday. Althaagh tke svenright New Yark market was ap far Ita laartk eawecatlve ■eastoa, tke laeal market feaad rwtolaam aid tke market elased eaater. The Baslaess Times Campaslte lidex eaded J. 14 palate tower at H7JB aad tke
    830 words
  • Article
    Kuala Lumpur market easier
    587 12 BULLISH trading conditions on Wall Street failed to boost local sentiment, as share prices finished slightly easier on the Kuala Lumpur stock market yesterday. Reflecting the cautious and lacklustre mood, total turnover fell below the 10 million mark to 9.54 million units valued at M 532.67
    587 words
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  • COMPANY NEWS
    • Article
      Taiping Textiles expects a boost from properties
      529 13 TAIPING Textiles Bhd expects better results in the current year, in view of the continuing development of its property subsidiaries and the anticipated economic recovery. Barring unforeseen circumstances, the group can look forward to greater contributions from its property subsidiaries in the foreseeable
      529 words
    • Article
      Lock icon London Sumatra optimistic
      179 13 Reuter LONDON Sumatra Plantations PLC chairman Arthur HopeJones says the depressed natural rubber market of 1982 has given way to more buoyant conditions during the first half of 1963 and prices have risen considerably. In his annual report, he said palm oil has recently shown a welcome
      Reuter  -  179 words
    • Article
      Hind Hotels faces bleak prospects
      610 13 SHAREHOLDERS of Hind Hotels International Ltd, owner of the Oberoi Imperial, have been warned that the company faces a bleak 1963. Chairman Chhanulal Jhunjhnuwala emphasised in no uncertain terms that this year's prospects, based on occupancy rates experienced so far this year, are "not encouraging".
      610 words
    • International ROUNDUP
      • Article
        THE US Securities and Ex- change Commission
        232 13 has voted to adopt rules that provide for closer regulation of transfer agents who deal in the clearance and settlement of securities transactions. Transfer agents record changes in the ownership of corporation's stock as it is bought and sold and may be employed
        232 words
      • Article
        ADELAIDE Steamship Co Pty Ltd
        120 13 said it will sell its 20 per cent stake in Grace Brothers Holdings Pty Ltd to Bond Corp Holdings Ltd. Adsteam did not give any details of the value of the sale. Grace Brothers has 56.06 million issued shares. Bond and the Myer Emporium Ltd,
        120 words
      • Article
        CSX Corp
        114 13 said it may help fund its US$375 million acquisition of 7.1 million shares of Texas Gas Resources Corp by selling equity or debt securities, or assets. The company, which earlier this week announced a |52 a share tender offer for Texas Gas, said in an offering circular that
        114 words
    • Article
      COMPANY MEETINGS
      99 13 SH ANGRI-La Hotel Limited: EGM to be held at the Jasmine Room. Mezzanine Floor, Shangri-La Hotel, Orange Grove Road, Singapore on June 17 at 10.15 am. UNITED Plaatatations Berhad: AGM to be held at Jendarata Estate, Teluk Intan, Malaysia on June 17 at 10.30 am. TAT Lee Buk
      99 words
    • Article
      Frankfurt
      77 13 JUN( 14 Dm Aat-T*l«funk«n BASF 74.90 146 JO 0J -0.4 8 *r r 137 JO 1 BMW 330JO ill Commerstank 180.70 2 ConU Oumml 96.90 0.4 DaloUar-Bans 947JO 2J DMUf DeuUche Bank 327.00 4-4 Dnadner Bank 187 OOB OHH 166.0QB Hoccrut nam 4«i SUOB HorUn Kintidt KHD 146.00 -2
      77 words
    • Article
      Paris
      191 13 JUNE 14 Pn CORBEILLE Air-Liquid* 407 B 8 N Qanrmla Danona JTJO COT (Thomaon- dm Patrolm its Cradlt Poncler Da France MB HiclMUl (Ltbralrta). ion Mmchlnei Bull 38 Mlehalln (B) 106 Omnium MS +8.1 -5 -I -12 -7 12 unch -ft 1 Phmp. (Nt Oam 174 6 Prtntempa 8
      191 words
    • Article
      Zurich
      194 13 JUNE 14 Francs Actions Sulsses 283 2 Alusulsse Br 745 11 Alusulsae Reg 2S1 J Brown Boveri Br. 1270 Clba Oelgy Br. IMS 30 Clb« Oelgy P C 1580 15 Clba QelgJ Reg 806 5 Credit Suisse Br 2030 30 Credit Suisse Reg 3(3 3 Elektrowatt Br 2300 10
      194 words
    • Article
      Effects of Lien Hoe's proposed acquisition
      211 13 LIEN Bie ladutrtM' propsaed acq nisitlon of Associated Malayslaa Credit Sdn BM (AMC) will redicr 1U Interest Immoc of abut $181,111. b the umul that might otherwise be earned by patttag the 12.2 million eaah to be ssed for the acqalaittoa la a fixed
      211 words
    • Article
      HL Finance may reap $30m from its projects
      589 13  -  By NAJEEB JARHOM HONG Leong Finance expects a $30 million contribution to this year's group profits from the sale of its Beach Road complex and the Cashew Park condominium, including the tower block. So far, $14 million, which forms part of the
      589 words
    • Article
      IOI forms two units
      110 13 INDUSTRIAL Oxygen Incorporated Bhd has incorporated two wholly-owned subsidiaries, Industrial Oxygen Incorporated (Malaysia) Sdn Bhd and Dynamic Plantations Sdn Bhd with a paid-up capital of $3 each. Both companies, however, are not in operation. 101 has also purchased a non-operating company called Dynamic Holdings Sdn Bhd
      110 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      75 13 DUNCAN C FRASER CO (FAR EAST) Actuaries A Halfday Seminar on the responsibilities of RETIREMENT FUND TRUSTEESHIP Covering Legal aspects of trusts Investment responsibilities Actuarial Matters Administration Tax Considerations COWEC Schemes Full Documentation, Audio Visuals by Pensions Communications Ltd of London. Registration Fee: $185.00 Venue: Hilton International Date: Wednesday, 20th
      75 words
    • Advertisement
      Page 13 Advertisements Column 2
      666 13 LAN HUAT HANG FINANCE LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET AS AT 31ST DECEMBER, 1982 $5,388,799 1.112.644 1.500 167.738 5,051 850.000 57.525.7321 $6,083,919 180.000 85 706 436.093 16.785,718 740,014 $1,350,997 $5,000,000 1.000,000 179,191 1.245 170.561 $1,350,997 EMPLOYMENT Of CAPITAL FIXED ASSETS INVESTMENT STATUTORY DEPOSIT WITH MONETARY AUTHORITY
      666 words
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  • Chief Priee Changes
    • Article
      SINGAPORE
      163 14 Rises Indices Seacorp M Flour 1000 500 40 38 June 14 June 15 Fuaan 210 32 BT Composite: 940.72 937.58 Times Pub Khong Gum Jacks Int Kamunting 50« 760 250 790 670 30 25 15 15 BT Indicator: ST Industrials: ST Finance: *****3 970.82 2527.80 *****9 967.66 2535.70 Cold
      163 words
    • Article, Illustration
      KUALA LUMPUR
      172 14 Rises Indices Sea Corp Bkt Sembawang 1190 540 140 116 June 14 June 15 C Storage Ltd 610 40 MBT Index: *****50 15(***** M Banking 1060 40 NST Industrials 1325.77 1324.23 M Flour 535 30 NST Finance: 2375.31 2412.15 Utd Est 725 30 NST Hotels: 659.63 659.13 Fusan
      172 words
  • Article
    Myer wins control of Grace Brothers
    183 14  -  By FLORENCE CHONG THE Melbourne-based Myer Emporium Ltd yesterday won the battle for control of Grace Brothers, when Woolworths Ltd and property-group Westfield, accepted its offer. Woolworths holds about 6.8 per cent of the capital of Grace Brothers and Westfield holds about 5.4 per
    183 words
  • Article
    COMPANY BRIEFS
    242 14 OVERSEAS LbIm Bank has announced that its 7 V* per cent convertible unsecured loan stock, due 1992, will not be convertible during the period July 7 to 14, since the transfer books and register of members will be closed to determine shareholders' entitlements to the proposed one-for-four rights
    242 words
  • Article
    LATEST
    119 14 KHONG Gamm Htldlmgg MmimywU AM: Gronp pretax profits fell to MUJl million In 1982 ($4.11 million previously). Post-tax profita stood at tlM million (*2.M million), giving net earnings per share of 8.4 cents (11.4 cento). Director* have prspsned a first aad final dividend of II per eent lens tax.
    119 words
  • Article
    ICB to sell Malaysian insurance interest
    440 14  -  iMnmm i— qg 11» Companies Editor: Mano Sabnani By NAJEEB JARHOM INDUSTRIAL and Commercial Bank Ltd is to sell its entire stake in Industrial and Commercial Insurance (Malaysia) Bhd (ICIM) to Lingui Developments Bhd for MJ4.41 million in cash. ICB said yesterday that its
    440 words
  • Article
    D & C acts to recover M$83m from customer
    558 14 D C acts to recover M$83m from customer MALAYSIAN-based Development A Commercial Bank (DAC) has taken legal proceedings against a customer for recovery of MsB3 million, including interest. The bank has obtained a court order (or the sale of land which was charged to D A C as security. This
    558 words
  • Article
    LONDON STOCKS
    808 14 SHARE prices closed lower yesterday, with sentiment hit by concern over weak sterling and the prospect of a possible rise in mortgage interest rates, dealers said. At 3pm, the Financial Times index was down 7.4 points at 717.3. Leaders were lower across the board, although most ended above
    808 words
  • Article
    UOL buys shell company
    105 14 UNITED Overseas Land Ltd has acquired a shell company known as United Investments Ltd, which has a paid-up capital of $2 and an authorised capital of $200 million. Formed on Nov 25, 1981, the investment holding company was bought for 52 at par plus disbursements of
    105 words
  • Article
    Selected Indices
    58 14 H.K.HANG SENG Wednesday closed Tuesday 808 39 Week Ago 867 04 AUSTRALIAN INDUSTRIALS Wednesday 746 2 Tuesday 748.3 Week Ago 737.7 ALL ORDINARIES Wednesday 800 6 Tuesday 604 9 Week Ago 583 3 FINANCIAL TIMES INDUSTRIALS Tuesday 724.7 Monday 721.3 Week Ago 710.3 DOW JONES AVERAGE INDUSTRIALS Tuesday
    58 words
  • Article
    Marco Polo now an associate company of HK Wharf
    452 14 HOTEL Marc* Pik Ltd Is no longer andrr the majority-ceo trel ef Y K Pm'k Heagkeag aid Kewleen Wharf and Gedewn Campaay Ltd, faUawiag the reeeat sale ef 11 mllllan shares la the hate!. Haagkaag Wharf aaw balds (U per eeat
    452 words
  • Article
    Exchange to introduce computerised data service
    448 14  -  By CHRIS LIM THE Stock Exchange of Singapore (SES) is introducing a computerised data service which will save investors much time and effort when analysing stocks and shares. The service, called SES Marketscan, will provide data on about 900 companies listed on the exchange.
    448 words
  • Article
    Hong Fok explains change in shareholding
    157 14 HONG FOK Corporation has clarified that the substantial reduction of shares held by its chairman Cheong Eak Chong and a director Madam Lim Ghee was due to the transfer of those shares to their son, Cheong Sim Eng last year. They transferred a total
    157 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      123 14 ISsPH OABS The ultimate in accounting software for micro-computers. PRIME BOOKS CASH RECEIPTS CASH PAYMENTS IMPREST PETTY CASH SALES REGISTER ACCRUED PAYMENTS VOUCHER REGISTER CREDIT NOTE REGISTER DEBIT NOTE REGISTER GENERAL LEDGER T/BALANCE INCOME STATEMENT BALANCE SHEET GENERAL JOURNAL MATERIAL REQUISITIONS REGISTER Copyrights reserved 1981 SUBSIDIARY LEDGERS RECEIVABLES LEDGER PAYABLES
      123 words
    • Advertisement
      Page 14 Advertisements Column 2
      235 14 CAN YOU AFFORD NOT TO BUY the TEXT LITE MM-500 for under $2,000? tnspite of what anyone says the business opportunities are still phenomenal. However, we need new approaches to selling, informing and communicating. The Text-Lite MM-500 does that better than anything else in its medium or price range. Features:
      235 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      55 14 -WEAT-HERg OUTLOOK for today: Scattered showers around noon. Report f»r U km prtor to 7J pm m Jaae IS it the airport: Maximum temperature 32.2 Associated humidity 66 Minimum temperature 24.3 Associated humidity 97 Hours of sunshine 3.65 Rainfall In millimetres 0.4 Total rainfall for the m6nth 81.4 Total rainy
      55 words
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  • SHIPPING TIMES
    • Article
      FAL agreement to cut delays and improve documentation
      272 15 AN INTERNATIONAL agreement to cut shipping delays and improve documentation has finally been given the muscle to be effective. After 10 years of waiting, maritime nations have agreed that tortuous procedures to amend the convention should be thrown out. The decision was
      272 words
    • Article, Illustration
      FEFC committee to deal with Yang Ming's issue
      485 15  -  By TERESA LIM A SPECIAL committee has been set up in London by the Far Eastern Freight Conference to deal with the Yang Ming issue. However, it may take at least six months before Taiwan's Yang Ming Marine Transport Corporation can negotiate
      485 words
    • PORTSIDES
      • Article
        Lock icon Port development study
        118 15 Bernama A STUDY of Malaysia's port development for the next 20 years will start this year. The study will be financed by a $4.6 million loan which the government expects to get from either the World Bank or Asian Development Bank in a few months. A spokesman
        Bernama  -  118 words
    • Article
      INDEX TO ADVERTISERS
      681 15 Slrippiag Um Page C«l Afea V 4 Ahrenkiel Liner VI 5 AU trans vn i Alpac VI 5 Angooave IV 3 AnUra Shpf? X 3 A PC Line VI 3 APL in 4/s Argentine IV 4 ASCL m i Asia broker v s Asia Merchant VI 4
      681 words
    • Article
      Lock icon New berth opens in Shenzhen
      162 16 AP A NEW berth for 10.000-ton *lpe has been opened in Shenzhen, a special economic zone where China is offering incentives to foreign investors, the official Xinhua News Agency reported. The berth at Chiwan Harbour is 148 kilometres tram Guangzhou and 37 from Hongkong, Xinhua
      AP  -  162 words
    • Article
      Lock icon No fuel required for Japanese dream ship
      598 16 FT THE JAPANESE talk of a dream ship travelling through the water at speeds up to 100 knots powered by an entirely new form of propulsion that consumes hardly any fuel. Within 10 years, Japan could have the first commercial vessel operating, driven
      FT  -  598 words
    • Article
      Chinese contracts
      114 16 CHINA has awarded two contracts worth around £14 million to the British company Simon Carves for the modernisation of cerealhandling facilities in the ports of Dalian and Tianjin, the British company announced. The order includes four ship unloaders, capable of handling up to 750 tons of cereals an
      114 words
    • Article
      Efforts to stem decline in Djibouti's port traffic
      244 16 DJIBOUTI, strategically positioned at the entrance to the Red Sea, has traditionally been involved in the transhipment of cargoes for onward carriage by rail to the hinterland of Ethiopia and by coastal vessels to countries up and down the East African coast.
      244 words
    • Article
      LONDON FREIGHTS
      1816 16 FAIRLY active time-charter business on Tuesday featured an otherwise dull freight market. Fresh grain bookings from the US were very slow to emerge, shipbrokers said. Chinese operators arranged two vessels on time-char-ter. These comprised a vessel of about 30,000 long dwt with delivery Constanza or Yuzhnyy for a
      1,816 words
    • Article
      Mersey's trading loss
      145 16 THE Mersey Docks and Harbours Company, operator of the Port of Liverpool, has announced a trading loss of £9.5 million for last year. The company's chairman, Sir John Page, blamed the world recession for the 1962 trading loss, which was even worse than the £7.5 million deficit
      145 words
    • Article
      The Consortia
      195 17 THE MAJOR shipping consortia operating between the Far East/Europe, Far East Persian Gulf, Straits ports, Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits
      195 words
    • Article
      Lock icon PORT CONDITIONS
      1282 17 The above information is compiled from data provided by the Singapore National Shipper's Council and other sources. ANGOLA Luanda and Lobito May 23rd. No berthing delays. ARGENTINA Buenos Aires May 30th. 20 days for grain and 12 vessels waiting. Bahia Blanca May 30th. 28 days for grain and
      The above information is compiled from data provided by the Singapore National Shipper's Council and other sources.  -  1,282 words
    • Article
      Lock icon Cut in wool rates
      93 17 Reuter THE Wool Commodity Group said it negotiated a 10 per cent cut in Australia to Europe wool freight rates for the 1963/84 freight year beginning Sep 1. The cut is part of a twoyear freight agreement. Rates for 1964/85 will increase from the new lower
      Reuter  -  93 words
    • Article
      Lock icon EEC's retaliatory measures against unfair practices
      741 17 Lloyd's List MORE effective action by the EEC against unfair trading practices in shipping, operated by Third World and Soviet bloc countries, should become possible following the agreement between EEC Transport Ministers in Luxembourg recently. It was decided unanimously that consultation between all EEC
      Lloyd's List  -  741 words
    • Article
      Lock icon Trip index from GCBS
      70 17 Reuter THE General Council of British Shipping (GCBS) tramp trip charter index rose to 115 in May from 104 in April, the GCBS said. Although at the highest level since June 1982 when the index stood at 118, the latest figure remains well below the 131
      Reuter  -  70 words
    • Article
      SHIPPING LIST where your ships are due...and when
      6084 22 BCHBMHE A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Fort of
      6,084 words
    • Article
      Container Schedules
      798 23 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Ship Arrival for LCL Movement Voy Date/Time Operator Cargo Schedule Location Prase tia 19SB83 16.6.83 2100 Seven Seas FSB 0800-0900 B3 Khud Prorokov 18AW/83 17.6.83 0700 S'pore Sov TA 3 0700-0900/1800-1900 L7/L7 Maersk Rando 24S/25S 17.6.83
      798 words
    • Article
      WHO ACTS FOR WHOM...
      1971 23 The leading shipping lines operating from local ports and their agents. A B Alrtodr fMlilirr Continental Fwiteri iS i Cargo Freight < PK i AFEA African Shipping Agencies (S) Pte Ltd. 4fra-Eararta Liar Transgroup Pie Ltd Akreakiel Uaer Service Kim Shpg iSi Alfred C Taepter Sea
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    • Article
      SHIPS IN PORT
      600 24 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Del Remedios 26/7 Sankyo alongside 16.6.83/1500 Fukuzaki Maru 19 Sharp alongside 16.6.83/0600 Golden Eagle 23 Guan Guan alongside 16.6.83/2300 Kim Ann 24/5 Guan Guan alongside 16.6.83/0300 Lupin 35/6 Borneo alongside 16.6.83/0600 Meiru 1/2 Y Fung alongside 16.6.83/2300
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  • Page 15 Advertisements
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      397 15 9% HEUNG-A SHIPPING Korea Flag Vsls Regular Liner Semi-Container Service To: P. Ketong/Penang/Bangkok/Keelung/ Busan/lnchon Fm: Busan/Moji/H. Kong S pore Agent: Neptune Agencies Pte Ltd Tel: *****11 P.K. *****4, PN *****5 K.L. *****0 V\TT: .1 A R DIM AN I AH :O©CL I OiyEiMT Overseas GohLum. Line FULLY CONTAINERISED SERVICE TO
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      392 15 OSEALORDU UASC UNITED ARAB SHIPPING CO (SAG) 111' i ill .1 V i i EXPRESS MULTI-PURPOSE SERVICES Kuwait (24/7), Shuaiba (27/7), Jubail (30/7), Dammam (1/8). Doha (4/8). Dubai (6/8). Abu Dhatx (7/8) FULLY CONTAINERISED SERVICE mm VJ v«sq 5 pore Loaotng tor AL SHAMMH W.IS 25/6 Mina Qaboos 3/7). Dubai
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      18 15 LONDON Freights CONSORTIA SHIPPING Schedule WHO Acts for Whom CONTAINER Schedules PORT Conditions SHIPS In Port REGIONAL Weather
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      822 15 I Wcnari Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents UNIPACIFIC TRANS A TRADING AGENCY PTL LTD. Tel: *****4 (5 lines) SINGAPORE E3 MAERSK LINE FASTEST SERVICE FROM SINGAPORE TO EUROPE ANTWERP ROTTERDAM BREMEN HAMBURG U.K. 17 DAYS 18 DAYS 19 DAYS 20 DAYS
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      491 16 FAR EAST/EUROPE CONTAINER SERVICE To Europe From Eur KSStI I 1) Gtwrg I?) H'Dvrfl J) B>n i 4) «ta" 5) Le H P Kelant S port 27/« 12/7 30/6 22/7 7/7 29/7 M/ 7 2/8 Mm Acnpttag ftr. 1) BjicMona Genoa. 2) Amsterdam Antwerp, L Havre. Basle, UK. 3) Bremen
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      758 16 NOTICE THE CAMEROON NATIONAL SHIPPERS' COUNCIL ANNOUNCEMENT Shippers are hereby informed that in accordance with the Cameroonian Regulations in force viz: —Decree No. 75 709 of 13th Nov. 1975 and Order No. 0039 MINT/CNCC of 16th January 1976 all shipments to and from the United Republic of Cameroon have to
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      897 17 The Straits Steamship Group occ Overseas Containers Limited CONTAINERSHIP SERVICE TO UK/CONTINENT 1 La and Fa cargo to Hong Hong ••Acceptaf car jo la Coctwv Al Jubal. Doha. Karachi I A. Dhabi Acctptmg cargo for Baghdad t Bavah by teoder rtttth to S port ALSO ACCEPTORS REFER SINGAPORE MANSEILD CONTNNEX
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      496 17 4 Tg Franco Belgian Services Fir Fa"-! h re if h Service ith /<» Ujian t <ir Fits', tv. Lines l aCI COnSOP t 'u«* S'porePKeiarg Blona M sates Genoa no row 22 km 24 ton 10 M 12 U 14 M mXTERRAKAN 2 W 4U 21 M 22 M
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      561 18 EXPORTS S pore P KelangPen leuoes Genoa H burg B haven Rdam Antwerp Bilbao 25/6* 27/6 15/7 22/7 10/8 •Via teeder service liver pool Bay lonf Oakland Seattle; [ami 1/7 19/7 21/7 24/7 r Eaaress 8/7 26/7 28/7 31/7 bams 15/7 2/8 4/8 7/8 lEapett 22/7 9/8 11/8 14/8 i
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      535 18 *Su** KSline CONVENTIONAL SERVICE To/From BUSAN S POtt PtNANG P KEIANG BUSAN SUNNY OCEAN V MR SU ki Port 17 11 fan 27 21 km M.IM V.IIM/INI 11 1) km* FULLY CONTAINERISED TO/FROM NORTH AMERICA WEST/EAST COASTS 'Ml lM*r »«u«i N OUMOM) W N CUTSTAI 211 0 WIGHT 13 0
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      362 18 (f) EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCEPTING FCL t ICI CARGO FOR «S PlI m Ml LM E»« Lart lt/( 1/7 11/7 13/7 14/7 14/7 »/4 14/7 U/7 21/7 71/7 21/7 (Mr J/7 24/7 21/7 »/7 11/7 2/1 also acceftm ia/fa i fa/fa la eonc—t. MM COPOMCE7I OSLO. STOCXHOUL
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      846 18 \Ewrett Unesj m Burma Five Star Shipping Corpn "BURMESE NATIONAL LINE" LOADING FOR RANGOON rmstmmwm PASM mwntirrwi HTOff TWA mjv km kPt/ll tm 11/21 km WM km B f SS C Agents m Malaysia BOUSTEAD SHIPPING TEL NOS KL *****4 *****7 PKELANG *****1/8 PENANG *****1/8 Compenw ArfeMine 0* Niveaecion __SA
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      304 18 US I NOSE MARITIME PTE LTD SUN UNION LINE KARACHI SERVICE SMGAPORE PJKLANC PEMMC LOAD FOR samow CROSS i »JM akm KmcM SMGAPORI SMOSE MAMTM fit ITD TEL *****44/7 t *****70 Boo** «»*«y shppmg company iel j W «l*«G MALOSf MMHTM SON IMC) Tfl *****23 PENANG MALAYSIA TRW* t TRANSPORT
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      469 19 PIL GROUP VESSELS VOYAGE SINGAPORE LOADING FOR: KOTA MEW AH E-441 19/21 JUNE DJIBOUTI. HOOEIOAH. PT. SUDAN. MOMBASA KOTA JASA E-451 23/26 JUNE HOOEIDAH. JEDDAH. PT SUDAN. MOGADISCIO. MOMBASA. O'SALAAM KOTAWANGI E-449 30/2 JULY HOOEIDAH. JEDOAN. AOABA. PTSUDAN KOTA WISATA E-447 6/9 JULY HOOEIDAH. JEDDAH. AOABA. PT SUDAN ACCEPTING CONTAINERS
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      485 19 jj 0 IRAQI LINE If IHAQI STATE ENTERPRISE FOR MARITIME TRANSPORT WEST BOUND FAR EAST/IRAQ SERVICE S pore P. Ketone Loadinf for: M.V. ALRAZI Saied Bomb ay/ Aqaba/Basrah/ Bajhdad/Madras/Cochin M.V. ALNASITTI 7 July -doEAST BOUND RED SEA/JAPAN SERVICE M V ALRAZI m.v. AiNAsrrn Yokohama/Osaka/Kobe Yokohama/Ouka/Kobe THROUGH B/Ls to BAGHDAD I
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      762 19 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE STRAUS TO EUROPE SPOW PMIANuIUK h*M BHArtN ImU» 21/* U/7 12/7 U/7 Irtyoßay 20/1 27/1 25/t I U/7 l|/7 2t/7 UrcrpsMby 27/t 3/7 5/7 I 2J/7 25/7 27/7 Fraßtot Eipreu 5/7 12/7 14/7 13/7 11/7 20/7 l/l VI 5/1 7/1 5/1 11/1
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      732 19 P.T. DJAKARTA LLOYD Indonesian National Shipping Line TO US* WIST/ EAST COAST N GULF POUTS (FULLY CONTAMERISED VESSELS) STOK IX HOUSTON SAVANNAH ICR TOM BAITMORE MTAKARTA to? 708 J/7 2J/7 7/1 U/« M 17,1 MAJAPAHT (ton MB l/t 29/1 11/9 14/9 u/9 20/9 Mm acc**| CMf tar IMit G*mtan. N
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      660 19 BOUSTEAD SHIPPING AGENCIES SANKUNE EXPRESS INDEPENDENT SERVICE TO UK/CONT SPORE R'DAM HULL HMBG MEADOWBANK 27 June 26 July 29 July 1 Aug IVYBANK 23 Aug 19 Sep 21 Sep 25 Sep LukesA Lines U.S. GULF DIRECT SERVICE from LOUSE LYKES GENE VIVE LYKES RUTH LYKES I mvcr i vvrc ,n
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      1657 20 EXPRESS CONTAINER SERVICE NEW YORK/E. CANADA (Independent Setntte) FEEDER VESSEL STORE MOTKR WSSEI TOKYO NYORK I BRIDGE Vl9 17 Jun 'KURO6EI MARU ¥69 13 Jul 11 Aug MONU RUBY ¥?2 24 Jun 'KURO6E MARU ¥69 13 Jul 11 Aug K PIONEER 1 Jul BRIOGE ¥64 18 Jul 15 Aug ASIA
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      802 20 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE LaM* tar. LOS ANGELES MR nUMCBCO SEATTLE. TAC<*AA VANCOUVER IC Accept** fa/ftt M«m P Mint SmftVO" 1 «BMM PARAS" it tmm 11 Apr AUSTRALIA EXPRESS CONTAINER SERVICE Acc«pt*( FCL/FCL Cant jawn f Hull, Spur MM SyO* Aho acca*s tAMMS 77 An* 70/71 loot
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      542 20 KORINS MARITIME SERVICES E 114 Anton Road, *18-01, Tunat Building, Singapore 0207. T«l: *****22 A *****67. P Kalang: T«l: *****1 /8. RED SEA/PERSIAN GULF/MEDITERRANEAN SERVICES ASIA MERCHANT MARINE SEMI-CONTAINER SERVICE USA SERVICE PACIFIC/GULF/ATLANTIC PORTS S pore Indonesia Philippines Loading lor KRCHRENAN In Port Lot Angelei Houston Nota Camden Norto* HUNGTZE
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      629 20 10 Anson Rood, =27 16 Inferno..onol Hlo/a, Singapore 0207 Tel 2246b! I <10 Lines' BREAKBULK SERVICE TO EUROPE/UK ASIAN FOREST *****07 KRONOS *****06 Spore P KetangLoa<Mg tor--21 juw BOULOGNE/ANTWERP/ R'DAM UK (AVON) 2My R OAM UK (AVON) ALPAC LINE •o •Klines S pore P Mang Loading for: ALPAC ASIA MIWB
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      519 21 NOL NEPTUNE ORIENT LINES LTD I TO EUROPE/UK (VIA SUEZ): HK CONTAINER S pore Closing Times: FCL Cargo 1500 17/6 LCI Cargo 0300 17/6 FROM EUROPE (VIA SUEZ) T* BRIDGE 15E. C PAW. 35E C CONTAINER 21E. TO AND FROM AUSTRALIA: Also accepting cargo to/from Bangkok and E. Malaysia For
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      610 21 HEUNG-A SHIPPING Korean Flag Vessels DONAM SEMI-CONTAINERISED DIRECT SERVICE TO BANGKOK. KEELUNG. BUSAN. INCHON SEMI-CONTAINERISED DIRECT SERVICE TO CHITTAGONG. CHALNA. CALCUTTA Inul Om, One* 30M It Vnxl Spare PR** Ptnjng CKj»u C**ti ?4/» 2//t 3/7 s; U/7 a/1 i/| S<>o« *G(NTS WPTUW AGE NCI S PT{ ITO Trt ???4111 '7204?1i
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      1048 21 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Tele* Numbers RS ***** RS ***** RS ***** P KEIANG PENANC M/S SHARMAT NAN SOON SON BHD IST AND ?N0 FIOOR MESSRS HAI THONG SWPPWG 3 Weld
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      137 21 SOON KIAT SHIPPING ■rJL PTE LTD 3 Shenton ftat »?o<ft *7006 Slwnton House SmMPC- 0106 Tel ??OMBB (S linesi Te«e. R*****9 SKSHIP REGULAR SERVICES TO EAST MALAYSIA HA ETD OESTWATKW New Man H»{ 20/6 22/6 BrtMu/K BcM/Mri Hum Lm I* 22/6 24/6 Lalwan/Muau/Kota Knabab Sri Warn Hua No 4 21/6
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      578 22 Kc<|iiNial Container Lines j'~ n i f [y~ l l|| il 2 Sailings Weekly Oißljll Reliable Regular Punctual Berthing PSA 1500 Hrs Tuesday Saturday REGULAR FEEDER SERVICE TO PHUKET/SONGKLA *0t STORE SKI* *0T STORE PI4KET RAT ANA BHUM 137/131 Safcd Safcd 225/22® 17 Am 21 Am lAT AHA BHUM 135/1*
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      200 23 Scan Dutch V To Europe (Med/UK/NC/Scan) ?caH?NG°SAIfING 1) MARBE,LLES 2) ROTTERDAM 3) HAMBURG 4) GOTHENBURG Ned Detft Selandia Ned De|ima Bung) Suna Toyama To Red Sea/Mediterranean Anson 30/6 Anson 30/7 Anson 30/8 FEEDER P. KELANG B Butane 1/7 B Kemunmg 5/8 B Kemuning 3/9 MOTHE VESSEL Contender Bezant Scan Dutch
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      427 24 PEKANBARU SHIPPING Tel: *****67/9. *****39 |PTE| LTD it 6 vessels REGULAR SERVICES iveekly) DUMAI PEKAN BARU t RIAU PORT ANTARA SHIPPING SDN BHD iAI AN BH-ANC.AN PEIARUHAN oflAHi, 'HM VA •%> VA*AW General Ajent? P KELANG PENANC P GUOANG EAST MAIAYSIA A|ents MAWARIA SHIPPING (M) SDN BHO Tel *****9 *****9
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      442 24 P.T. PERUSAHAAN PELAYARAN NUSANTARA BAHARI (STORE BRANCH) I n» no KSTMKM i mi wart ii/i mum I mil U/t BMMM Huamr* 77/1 aon/m P.T. MASKAPAI PELAYARAN "PULAU LAUT* MBMTMU »/< 21/t CKSON/SMMMC SJRM m remta in in sommtnmmn c/o ARYA SHPPMG I TRAOMG (PTE) LTD vem Fooof Sun Shipping ft
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      196 24 6 Ba 3a Ob BANGLADESH NATIONAL LINE An Enterprise o* Bangladesh Govt i SINGAPORE/BANGLADESH SHUTTLE SERVICE ARABIAN GULF EXPRESS M.V. BANGLAR VESSEL 25/30 June Muscat/Dtiai/Mia/Kuvat/Damnum •quis UHIPACIHC T««SS S. THADISG 4 5fi"< AGEHCY PTE LTD OR-ES"»L SH PPi*,G CORP* Tf 9! 1344 ib 'nesl SINGAPORE Umpu' Te 4200"b 4b"544 I
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  • Page 24 Miscellaneous
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      172 24 Regional Weather m a w w J W A a M >S v! u I 5 IK c Win* Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND• R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots
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