The Business Times, 21 May 1980

Microfilm: NL10631
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.CJP) N». m/l/M WEDNESDAY, MAY 21,1989 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Casino group closes
      75 1 Reuter LONDON, Tues. Ladbroke's, one of Britain's biggest gambling groups, said it is pulling out of the lucrative casino business and dropping its appeal against the loss of its gaming licences. Its last London casino, the Park Tower, closed early today. Three other Mayfair casinos it operated,
      Reuter  -  75 words
    • Article
      Lock icon Trade embargo on Iran
      42 1 UPI CANBERRA, Tues. The Australian government said it will block all trade with Iran except food and medicine. Foreign Minister Andrew Peacock said the embargo will apply to all existing contracts, regardless of when they are signed. UPI
      UPI  -  42 words
    • Article
      Lock icon Unemployment rising
      68 1 Reuter LONDON, Tues. Government figures released today show that unemployment in Britain is rising steadily through the highest levels since World War Two. The hard core of unemployed, excluding school leavers and making allowances for seasonal factors, rose to 1.48 million in May, up by 25,700 from April,
      Reuter  -  68 words
    • Article
      Lock icon Afghan guerillas' call
      64 1 Reuter ISLAMABAD, Tues. Afghan guerilla leaders has urged the Muslim world to break diplomatic relations with the Soviet Union and Afghanistan and officially recognise their fight to topple President Babrak Karmal's Marxist government. The call was made amidst intensive efforts at the islamic Foreign Ministers Conference here
      Reuter  -  64 words
    • Article
      Lock icon Iranian denial
      64 1 AFP TEHERAN, Tues. The Foreign Ministry has denied the existence of-* three-phase plan to free the American Embassy hostages, as reported by Paris sources. A spokesman called the report "lies". The Paris report said the hostages could be released in three after the new Iranian Parliament had agreed
      AFP  -  64 words
    • Article
      Lock icon Ohira's opponents
      47 1 UPI TOKYO, Tues. Opponents of Prime Minister MasajosM 'Ohira within the ruliqg party said they would remain in the party for the ctfftiing owtinn and-easy <gn their campaign far party reforms. But they said they might break away depending on developments in the future. UPI
      UPI  -  47 words
    • Article
      Lock icon Refugees problem
      38 1 UPI THE recent influx of Vietnamese refugees has created an overpopulation problem in a Singapore camp and many of the boat people have to live in tents and containers, a United Nations official said yesterday. UPI
      UPI  -  38 words
    • Article
      Lock icon Dow Jones
      64 1 AP NEW YORK, Tues. The stock market was little changed this morning, struggling to maintain the momentum of its spring rally! The Dow Jones average of 30 industrials, coming off a run of five consecutive gains, was down 0.26 points at 830.63 in the first half-hour. Advances slightly
      AP  -  64 words
  • Article
    Chief Price Changes
    127 1 Rimi Troaak MIbm IW JO 9 ym Rmim *n O D«rr On flalugor Dredg J* *s Dolw 1*4 r if 11 Mi 4M 44 Kmuu 9»m VWiT lu Hfi *4 IB ♦J B h>fc«WM| MQ J BAT JO »1 TmUJ« C«r» IS I HffM K«l«) 1M I
    127 words
  • Article, Illustration
    KUALA LUMPUR
    161 1 Rises Indices Bt Semb 350 16 May 19 May 20 Syn Resins 900 12 B.T. Index: Industrials: Uam 199 11 7797.97 7737.44 579.68 574.20 Falls Finance: 799.00 794.07 M Banking A Hitam Tin 1000 1370 -40 -30 Hotels: 371.05 370.76 Properties: Tins: 410.58 407.10 313.04 310.81 PMC 635
    161 words
  • Article
    Grace period for aircon makers
    671 1  -  FOUR MAIN CONDITIONS By FONG MEW LENG THE Government has granted a three-year grace period to airconditioner manufacturers in Singapore to allow them to upgrade and expand production before opening the domestic market to foreign competition. Sources said local manufacturers have to abide by a
    671 words
  • Article
    MAS executive gives up job
    247 1 MR HENG Chiang Meng, manager, banking supervision department, hat resigned from the Monetary Authority of Singapore. Ba siring sources is to awime a portion at a s*cfi fecal bank later* this year. Mast believe this to be Industrial and Commercial Bank. He is the second
    247 words
  • Article
    Offer of 'home' jobs for Americans
    481 1  -  By RONNIE LIM JAPAN'S largest semiconductor producer, Nippon Eteetric <Jo-<NBC), is wooing American expatriate» working in electronics manufacturing companies in Asian countries, including Singapore, to work in its latest US plant in the renowned Silicon Valley area. The move, apparently prompted by a shortage
    481 words
  • Article
    Side-stepping the problem
    267 1 THE Singapore Government's belief that local industries Can side-step protectionism by shifting to capital and skill-inten-sive products may not be true. A recent US Embassy report on Singapore's 'second industrial revolution' says, "The assumption behind this strategy may have more theoretical appeal than validity in practice." It
    267 words
  • Article
    Second month of double digit inflation
    200 1 LAST DHtk WM Ike seeMid MMeeattve mMth at deahle-dlglt btiattea tar tt!Z are "that *?>!■■■!!« will have la emtemi wtth a higher caat at Uvlag this year. Departmeat at Statlattea flgaraa «haw a 114 per eeat iwial gala la eaat at Uvlag laat aiaath,
    200 words
  • Article
    One-for-two bonus from Magnum
    320 1 MAGNUM Corporation, a large Malaysian-based four-digit lottery operator, yesterday reported a record pre-tax profit, an increase in the dividend and a free scrip issue. Further, for the first time in several years, the group emerged without incurring massive extraordinary losses incurred in ill-fated investments outside its
    320 words
  • Article
    Lock icon Protests continue
    139 1 UPI RY protesters in South Korea drove about 10 comfred buses, tarries and cars into army paratroopBterday in the latest dash oa the day the Cabinet Bd and the military gained almost total control of IV» police waning to disperse, aboiti 1,000 oetrts and restdentsvßt fCwangfu, 270 ton
    UPI  -  139 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      34 1 >3 RAK IK For all tyooa of Culinary (Oriental l.fcirnr.nntl.a and European) around Wholt. Tel: *****4>434ft94 fgTT "VlTetex: RS ***** A/B RAKICOR T""'.. CaMc "RAKICORP" seeOs.roots, spices ■Mi: "RAKtCORr' Johof. Miru wilier and stockists.
      34 words
    • Advertisement
      Page 1 Advertisements Column 2
      135 1 ASIA RESEARCH BULLETIN m This unique publication offers businessmen each month a comprehensive guide to the latest developments taking place in all important sectors of the economies of countries in East and Southeast Asta. The Bulletin is divided into six separate reports of about 8,000 words each. There is a
      135 words
    • Advertisement
      Page 1 Advertisements Column 3
      64 1 SHIPPING TIMES ADVICE for exporters selling to Japu 2 NEW force In insurance Industry I A COMPREHENSIVE gnlde to Investing in Kenya 7 PLACE ef gold and silver in your p0rtf01i05.......................... OUTLOOK for Oversea-Chinese Banking 11 IT pays to switch to company car 5?........................................ 12 AIRCRAFT i, TV AND RADIO
      64 words
    • Advertisement
      Page 1 Advertisements Column 4
      57 1 '_<]?/\)='|*"=.=%?|],^}?~($'!:$ Ricoh's DTIBOOR Reduction Copier. tt means reduced size and reduced costs. Rh i :^v\ SßS&ffig HI DTIBOOR For more information call *****5 Wywy Private Limited mm mm Wywy Hwo, 17. Lena K— *o*. 031 s T«: M 2155 moonesa Aion Java Business Macnmes jMn K H Zainjt Arikn (Jo
      57 words
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  • TRADE AND INDUSTRY
    • Article
      Exports role for Nemic-Lambda
      410 2 SWITCHING REGULATORS A JOINT American-Japa-nese manufacturing plant in Singapore, NemicLambda, which has just started producing switching regulators for computer terminals and other electronic devices, will account for all exports of its Japanese partner, NemicLambda KK of Tokyo. The Japan Economic Journal reported this week that the
      410 words
    • Article
      Business Times to sponsor National Management Game
      246 2 BUSINESS Times is sponsoring this year's National Management Game, together with ICL Singapore and the Singapore Institute of Management. The Game is a computerised business exercise in which participating teams challenge the other through an exciting process of planning, controlling and decision making.
      246 words
    • Article, Illustration
      SHEAR FOR SHEET METAL WORKS
      145 2 AN AUSTRALIAN-developed guillotine shear, used mainly by sheet metal and general engineering works, is now being sold in Singapore by Gadelius in Jurong. The company said that sales of the Leeton Steel Works product has exceeded expectations in Australia and that the shear has attracted
      145 words
    • Article, Illustration
      Texas sets up factory in Philippines
      247 2 THE American electronics giant Texas Instrument, which has operations in Singapore and Malaysia, has set up a plant in a third Asean country. Hie company has gone into partial operation in Baguio City, Philippines and the plant is expected to go into full swing
      247 words
    • Article
      Thirteen UK companies to take part in exhibition
      440 2 THIRTEEN British companies and two specialist organisations in the rubber and plastics industries will take part in the Rubber Plas 80 exhibition from May 26 to 30. The exhibitors will offer visitors a cross-section of the technical expertise available from the United
      440 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      165 2 NORDIC Bank has appointed Mr Harald Elgaaen deputy branch manager of Nordic Bank Singapore. Mr Elgaaen will take up his appointment in August, following a period in Nordic Bank's head office in London. Mr Elgaaen joined the bank's Norwegian shareholder, Den norske Creditbank in 1976 where he
      165 words
    • Article
      Helping exporters sell to Japan
      194 2 THE Japan Trade Centre (Jetro) has in recent years stepped up its efforts to help exporters in Singapore and South-east Asia to sell more to Japan. As part of this effort, Jetro has published a list of products which Japanese companies are keen to import.
      194 words
    • Article
      Multi-purpose cutter
      63 2 A NEW multi-purpose cutter manufactured by Tullen Industries of New Zealand will soon be available in Singapore through Yeo Teck Seng. The Tullen cutters work on a shearing, which ensures that the blades never need sharpening as the shearing action,results in self-sharpening. The cutter will cut electrical wire,
      63 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      735 2 Professional Choice... A* P PHOTO STORE PTE LTD T* *****31 4IMT PHOTO PTE. LTU T* *****1J ALLEY TRADERS PTE. LTD. Tit *****0 BOON COMPANY PTE. LTD Td-***** FOTOTRONIC ENTERPRISE PTE. LTD. T«t *****86 MA lULAH OFFICE v EQUIPMENT (PTE) LTD. fj *****93 COMBUSTION COMPANY PTE. LTD Ttfc *****33 i SAFARI
      735 words
    • Advertisement
      Page 2 Advertisements Column 2
      88 2 v h M „vv. ;V j!( •a y. We've the «s* r., X. •F Hl> 5-VVn** K It's our big difference at Kelong Thomson Restaurant Food, glorious food, for the family l Sumptuous seafood fresh-caught from the kelong and barbecued, fried, steamed or baked, and served with taste-titillating sauces Savoury
      88 words
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  • REGIONAL
    • Article
      Lock icon Seoul MPs' protest over imposition of martial law
      469 3 Reuter AFP FORTY-FIVE opposition members of the South Korea Parliament yesterday tried to force their way into the National Assembly Building to protest over the imposition of martial law but were turned back by armed troops, party sources said. The assemblymen, members
      Reuter; AFP  -  469 words
    • Article
      KL Commodities Trading Act to be in force soon
      881 3 THE Commodities Trading Act (CTA) of Malaysia, which now awaits the consent of the Yang Dipertuan Agung, is expected to come into force shortly. This should happen soon after the return of the Primary Industries Minister Datuk Leong Khee Seong from
      881 words
    • Article
      Support vote against MTUC officials call
      183 3 CUEPACS will ask public sector unions affiliated to the Malaysian Trades Union Congress (MTUC) to back the decision taken by one of its affiliates to move a vote of no confidence against MTUC secretary-general V David and deputy secretarygeneral A V Kathiah. The request
      183 words
    • Article
      Lock icon No change for India
      265 3 AFP THERE has been little change in the stagnating Indian industrial situation during the first quarter of this year. This means that the last financial year (1979 April to 1900 March) ended up with a negative growth rate of nearly 2 per cent as against an
      AFP  -  265 words
    • Article
      Lock icon Build up Shanxi coal industry call
      173 3 AFP THE BEIJING Pe*pie'a Dmtly yesterday arged the ue at foreign capital to speed ap the development d eaal iadastry la Berth-west China's Shaaxl prevlaee. Aa editorial at the dally ealled tor the rapid haUdtag ■P d the eeal rich prevlaee lata a pewerfal
      AFP  -  173 words
    • Article
      Lock icon Japan to follow EEC move on exports to Iran
      491 3 AP TAKING its cue from a European Economic Community decision to apply economic sanctions against Iran, Japan will ban the export to Iran of all goods based on contracts signed after the Nov 4 takeover of the American embassy by student
      AP  -  491 words
    • THE REGION IN BRIEF
      • Article
        Lock icon ANSETT BID FOR AIRLINE
        529 3 Agencies ANSETT Transport Industries (ATI) has made a takeover offer for Papua New Guinea national airline Air Niugini, the Brisbane newspaper, The CourierMail, reported. Ansett already owns 11.5 per cent of Air Niugini while the Papuan government owns the rest of the airline which has international
        Agencies  -  529 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      91 3 London. z<* r. v: You want the fastest flights going. Go with us. We can offer you Concorde* every Tuesday, Thursday and Saturday. And they're just three of the 10 British Airways flights you can choose from every week, some starting fresh from Singapore. You won't find a faster way
      91 words
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  • RAW MATERIALS
    • Article
      RUBBER
      350 4 THE Singapore robber market yesterday closed slightly tower with June One RSS buyers quoted at 53.00 cents per kOo, down 4.50 cents from Monday's dose, dealers Morning prices were marked down about three cents on stale bull liquidation, stoptoss selling and lack of buying support, they said. Afternoon prices
      350 words
    • Article
      RAS PRICES
      270 4 RJLS- prices In cento par kilo yesterday: BE*ra Pir "MSTS (perkflo) kL 1 R-S-S. prompt U.I b*. 1 R.S-S. June b*. 1 R-S.S- July kLirn UK/Oat Int. 3 R-S-S. UK/Coat IBL 4 RJ-S. UK/Coat ktSRJJ. UK/Coat Clwtag to—: £asy. Forward nrfcaa k i (kt 1RJA FOBkbal hbloo* mom
      270 words
    • Article
      SSR and SMR
      83 4 NOON 9BR adSMSpriMf BAM 38R *> ll-toa mUm ■hwfar J* if— rMui) ION Jl Satk) BBFWI 270.50 17T mS S74J0N SSR SO (14m na>at> W7.S0 m SON an J71J0N H11L1 00N J*b MM 3MMN 911 r rv ton SSI JOB m 3UR L S1M0 ai UJ aojo
      83 words
    • Article
      Straits Tin
      46 4 THE Stratli ttm prlee la Peine yesterday mmM MM pAeal to «UH the hlwMHg Th Agm««•timed fciyiig impert frem lif, Ah ripe —d legally iijai mpptiee urtiltM the Tatol tanever Ml to 142 tones wtth ssme Mm nipwtlei itort flnti II per eoft m-
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    • Article
      CLOSING PRICES
      39 4 Bobber: May 20 Singapore: June: 283.00 cents (down 4.50 cents) Malaysia: June: 286.00 eents (down 4.50 eents) Tin: M 52.174 (down 94) (equivalent to $35.95 per kilo) (down 6 eents) Official offering: 142 tonnes (down 30 tonnes)
      39 words
    • Article
      RICE
      333 4 SNGAPOBE: Yesterday's closing prices in S| per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop LOB, 100 per cent second dsas 0.90, 100 per cent third class OK, 8 per cent new crop OJO, B-10 per cent O.M. THAI BROKEN: A-enper 0.63, no stock. THAI
      333 words
    • Article
      PALM OIL
      140 4 VALUES continued higher on report» of private Indian traders making offers at 12,010 tonnes refined bleached deodorised palm olein up to first half July, dealers aid. The market was also aided by Pakistan's tender for 5,000 tonnes of neutralised palm ofl for June shipment Trading was moderate with
      140 words
    • Article
      SOYBEAN
      116 4 THE Chicago Board of Trade soybean futures on Monday gained US2 to four cents a bushel on the close in predominantly local trade. Prices settled near the top of an eight cent range. Local demand appeared to follow the wheat rally, traders said. Reports of slowed coiinlry movement ALa
      116 words
    • Article
      Produce exchange
      170 4 CHINESE Prednee Ex* <kM|l, IHI per IN kf Omml «II: Bulk fob $137J0 seller*, old dram (in second hand drum) (ob $147J0 seOers, new dram fob $***** setters. Cepra: Mixed (loose) $79.00 buyers. Pepper: Muntok white pepper (ob Asta NLW $500.00 selters, Sarawak white pepper faq (ob NLW
      170 words
    • Article
      TEXTILES
      184 4 TARN and cotton prices were quoted as follows In Hongkong yesterday: (In HK dollars, spot ex-go-down) Gotten ynra: China Blue Phoenix 20s 24«; 32» 2JOO, 40s ISO (per bale at 400 lbs). Plsse posts: CUna Butterfly and Globe brand unq; Dragon Hend unq; Five Lambs nnq; Flower and Butterfly
      184 words
    • Article
      LONDON MARKETS
      610 4 COFFEE: Robusta futures closed yesterday morning steady around die sessions lowa and with kisses from Monday of £22 to £17 per tonne. Turnover was 1,024 tots Including nine options. Dealers said overall trading was dull with earlier broker and commission house selling continuing throughout the morning and extending
      610 words
  • ASIAN STOCKS
    • Article
      Lock icon On the rebound
      454 4 TOKYO Source: DBS-Daiwa SHARE prices rebounded yesterday and speculative stocks led the market again. Lb addition, energy Issues, blue chips, sugar and machine-tool Issues also gained ground. However, large-capitalisa-tion Issues lost ground again. The Nikkei DowJones average recovered the Y6.700 level although turnover was light, at around
      Source: DBS-Daiwa  -  454 words
    • Article
      Hongkong
      205 4 HK* t» UJO -out 41 Chin* Enn Chin* Ufhl City Hotels H 19 ao City Urban ComioDoJ 1MB I Croat flarb Tunnel But AM Navtf MM SJ5 z rir Cut Each PhUex H/8 Hotels 0.1490 32.00 unch •neb Hanc Lung Hang Seng p» 10.40 101 06 •U •1 HK
      205 words
    • Article
      Sydney
      224 4 INDUSTRIALS MAY 20 CenU A. C. I. 303 -1 A N L MO unch A. P. M. 1» Ampol Pet 123 unch B H P. 1315 -IS Bank NSW 2*3 unch BoraJ 250 unch Bramble* 106 4-5 C. B. A, 256 unch C. 8. R. M2 -4 Coal Allied
      224 words
    • Article
      Bangkok
      189 4 MAY 30 Asia Credit Bah is Asia Fibre IX •1 Aruthaja Inv And Trust Bangkok Investment Bangkok Bank KB unch Bangkok Drying And SUo Bangkok Insurance Bangkok Metropolitan Ban 306 12 Bangkok Nylon Bank Of Asia Bank Of Ayudhaya 144 148 unch Bata 575 2 Berll Jucker Carpet InterNationi'
      189 words
    • Article
      Manila
      92 4 MAY a 1 Pesos A CO* Mining OCT -0.0004 Atlas Con. A Altai Con .warn *40 unch Baguto Ootd jtm ***** Btiwwt Coo. B BF Goodrich WM use unch -0.1 r-nr-» 1JM unch Inco B. J1 -0400 Msrtnduque B 1140 04 Mermleo Oriental A Oriental B 40» -0001 Phil
      92 words
    • Article
      Selected indices
      51 4 FINANCIAL TIMES INDUSTRIALS Monday 433« Friday 435.7 Week Ago 434.2 DOW JONE8 AVERAGE INDUSTRIALS Monday 830.86 Friday MM Week Ago 806JO ELK JIANG SENG Tuesday 880.42 Monday- 887JO Week Ago 802.48 SYDNEY INDUSTRIALS Tuesday 836.13 Monday 830.40 Week Ago 830.51 ALL ORDINARIE8 Tuesday 820 82Monday 820.28 Week Ago
      51 words
    • Article
      Market ends on a mixed note
      1155 4 NEW YORK NEW YORK Stock prices on Monday closed mixed with strong demand for some oil issues offset by uncertainty in the market about Interest rates and what the Fed would do at its Open Market Committee meeting, scheduled to be held oyesterda. Analysts
      1,155 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      149 4 All of these Notes having been sold, this announcement appears as a matter of record only. New Issue 20th May. 1960 U.S. 115,000,000 THE FUJIKURA CABLE WORKS, LTD. Guaranteed Floating Rate Notes Due 1987 unconditionally and irrevocably guaranteed as to payment of principal and interest by The Mitsui Bank, Limited
      149 words
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  • OVERSEAS
    • Article
      Lock icon Delay expected in uniform inflation accounting in US
      254 5 Reuter A UNIFORM approach to inflation accounting in the United States is unlikely to be adopted until the Financial Accounting Standards Board's recent FASB 33 standard has been tested (or several years, US Securities and Exchange Commission (SBC) chairman Harold Williams said.
      Reuter  -  254 words
    • Article
      Lock icon British industry may head for recession
      139 5 Reuter BRITISH industry could be moving into recession according to official figures which show a tall for the first time in industrial production for two years. But government officials warned against jumping to hasty conclusions on the basis of the index of industrial production
      Reuter  -  139 words
    • Article
      Lock icon Governor calls for inquest into trial
      137 5 AFP FLORIDA Governor Bob Graham has ordered an investigation into the trial that touched off the violent rioting in Miami which unofficial sources said has left as many as 19 persons dead and 371 injured. The action came after President Carter ordered US Attorney
      AFP  -  137 words
    • Article
      Lock icon US recession worsening
      535 5 SLOWER INCOME RISE Reuter RECESSION in the United States is worsening. This is the indication from official figures released by the US Commerce Department on Monday. Statistics from the department showed that personal incomes rose more slowly last month than at any time since the deep recession
      Reuter  -  535 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      721 5 ARRIVALS Service Local Operator Nanber Time Froa TMA TL375 0715 BEY/BOM/KUL MAS MH621 0835 PEN MAS MHG01 0700 KUL SU SQ101 0815 KUL RBA Bid 0930 BWN MAS MH671 0930 PEN/KUL SU SQ2U 1000 HLP GIA GAS80 1030 HLP CPA CX710 1006 HLP SIA SQ103 1015 KUL
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    • Article
      Lock icon Loss of US$7m at merchandising division of Sears
      225 5 Reuter SEARS, Roebuck and Company has announced that its US merchandising business had a post-tax operating loss of US$7 million in the first quarter ended April 30 against a profit of $<7 million a year earlier. Ddespite a drop in first quarter
      Reuter  -  225 words
    • Article
      Lock icon EEC's fear over trade imbalance with Japan
      175 5 Reuter EUROPEAN Common Market leaders are worried by a growing trade imbalance in favour of Japan, EEC sources said at the start of high level consultations between the Community and Tokyo in Brussels on Monday. They said the imbalance, which had stabilised last
      Reuter  -  175 words
    • WORLD IN BRIEF
      • Article
        Lock icon ECONOMY BUOYANT
        534 5 Agencies THE West German economy should develop satisfactorily well into the second half of the year even if consumer demand falls. The German Savings Banks and Giro Association said in its monthly report the rate of inflation could rise further, as the increase in raw material and energy
        Agencies  -  534 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      313 5 This announcement appears as a matter of record only Apm 1900 MALAYSIA INTERNATIONAL PALM OIL INDUSTRIES SDN. BERHAD MJ32,500,000 Loan Facilities Managed by »*> 9ti>» TO Asian International Merchant Bankers Berhad Provided by 1 "C Asian International Merchant Bankers Berhad Bank Bumiputra Malaysia Berhad Citibank N.A. Kwong Yik Bank Berhad
      313 words
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  • Article
    Price increase is moderate
    440 6 SAUDI Arabia's lead in raising crude prices by US$2 a barrel has been followed by a number of other countries, raising fears that another round of damaging pnce increases may be imminent. So far, such fears are more imaginary than real because a $2 increase will
    440 words
  • Article
    Tax incentives not enough
    221 6 IT IS extremely difficult for a country to decide where to draw the line in defining what research and development is, let alone decide how to frame the incentives necessary to ensure that RAD programmes are successfully stimulated. However, it is vital that a decision be
    221 words
  • Article, Illustration
    Lock icon CHEAP CREDIT FOR CHINA
    919 6  -  Membership in IMF and World Bank By RAYMOND TAMI FT THE RECENT announcement by the International Monetary Fund and the World Bank that the People's Republic now represents China in the F\ind marks another important milestone on China's road to acceptance and integration in the world
    FT  -  919 words
  • Article, Illustration
    Arabs to compete with Western underwriters
    1075 6  -  By MOHAMMED ASLAM IN YET another major move to "share the cake," tth Arab oil-producing countries have formed an insurance company to cover trade, mainly crude shipments, in the sensitive Gulf region. Its declared objectives are to compete with western underwriters for business and
    1,075 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      164 6 :arlos castaneda THE SECOND RING OF POWER A Carlos Castaneda's journey into the world of sorcery has captivated millions. In this new hook, he introduces dona Soiedad, whose mission is to test Castaneda by a series of terrifying tricks. Thus, Castaneda is initiated into experiences so intense, so profoundly disturbing,
      164 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      23 6 Bristol: Pranic Itokens I PMX. Tmc LP*D»GS taepti?iNG> 6>LPCK > COULD NOU (Nine, N(EP*S f T"HG rep ~tQou£X s s y vOOPty.._y or 'fe>7.
      23 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      1190 6 Fall of Charles DeGaulle SBC km tat Ittte to wmkt to FVsuu. Mij, fcmwt, eie»p»lM ti twi high Itw 3 The tily pregraaae nek to I I SINGAPORE 5 3.00 PM Opening followed by What's My Line 3.25 Diary of Events (Malay) 3.30 Chemistry 3.55 The New Ed Men Show
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  • Article, Illustration
    Investing tips in Kenya
    1679 7  -  DON'T MISTAKE GLITTER OF NAIROBI FOR GOLD In the final article of hia two-part aeriea on Africa, DILIP MUKERJEE elaborates on the joya of inveeting in Kenya. But he alao cautiona the intending inveator on the changing buaineaa climate there. The glitter of Nairobi ahould not
    1,679 words
  • Article
    Lock icon A CONSUMER-LED RECESSION
    879 7  -  FORUM with LEONARD SILK NYT HOW SEVERE will this recession be? How long will it last, and which sectors of the US economy will be hit the hardest? Any effort to answer those questions depends first on grasping the special character of this recession. Every recession, as
    NYT  -  879 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      404 7 3^r I wsm Oi VMP|JS r W f pr' r i J k OM-2, o N vi v;v> 7 f *rr»r, X VD 2* h V T ■.r- ->'*<■ I ifll ait. yygiqro <v. The uvrld famous Olvmpus OM- IN and the versatile multi-mode OM-2N illustrated above rank among the
      404 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        192 8 MAY If Fla ABN 290.00 -3 Ahold 88 80 -0.7 Akjo n 1_ M 00 03 AMCV i. 16.00 -09 Am (as 100-50 «l Amro Bank 62. SO -14 Berjo40 00 ***** -03 Bolt •110 0.4 Bonumij 1* 00 1 Burhnunn 63 50 unch Byenkorf 56.10 -0 1 Calve
        192 words
      • Article
        Paris
        290 8 MAY 19 FT* CORBEILLE Air-Liquid* 544 unch B S N Gervais Da none 971 10 CSF (ThomsonCsf) 485 5 Cle Francalse des Petroles 249 60 16 t'ompagnie Financier* Compagnie ***** 18 Oenerale Credit Foncier De France 450 0.2 Hachette (Ubrairie) 251 •1 Machines Bull 80 40 0 4 Mtchelin
        290 words
      • Article
        Brussels
        95 8 MAY 19 Frs FORWARD MARKET Afff 285 -45 Arbfd 1900 -30 Astur 455 -5 Bravan ..616 4 Bru-Lamb 1290 10 Canpac 946 58 Cock 275 -8 Berrs 278 2 Ebet MM -20 Fleclrobel 58S0 80 Gb-Inno-Bm 2320 60 Oev 1006 8 Hobok 2405 unch Pelro 5190 -190 Ryl Dutch
        95 words
      • Article
        Frankfurt
        223 8 MAY 19 Din Arg-Ttlefunkrn 78 40 -05 Akzo 22-10 A1U Leben 881 00 -4 Altz Vers 379.00 unch BASK ***** 0.8 Bay H T Wbank ***** unch Bay Vbank 275 00 unch Bayer 123 20B BBC' 300 SO 05 |1U* 160 00 1 Cassella 340 00 -4 Chem Ver*
        223 words
      • Article
        Zurich
        189 8 MAY 19 Francs Action* Suissei 27# •1 Alusuisse Br 1110 -10 Alusuisse Rh 445 -X Brown Bovert Br. 1710 -10 Oba Geigy Br 1040 IS Ciba Oeigy P C 820 -s Clba Geigy Reg 500 -4 Credit Suisse Br 2145 unch Credit Suiw Reg 303 •1 Elektrowatt Br. 22B5
        189 words
      • Article
        Milan
        109 8 MAY 19 Lire An»e 830 03 Assoc Gen ***** 650 Basiog i 565 -25 CentrsJe 9860 30 Flat 1730 4 Pinsider 68 25 -4.5 Gen Immob 56 75 1.25 IFI Prl 2282 7 Italcementi *****xd •460 I taigas 765xd -50.5 Italsider 320 50 S Magneli M Pf 570 -10
        109 words
    • Article
      Lock icon Caterpillar records lower volume
      110 8 Reuter CATERPILLAR Tractor Co said first quarter volume declined slightly because it had to ship USbuilt products to foreign dealers whose inventories were reduced as a result of a lengthy strike. Caterpillar noted that these shipments are not recorded as sales until title to the goods
      Reuter  -  110 words
    • Article
      JOHANNESBURG STOCK MARKET
      319 8 MAY 19 Rand INDUSTRIALS A Alpha 305 6 Abercom 285 6 AE And CI 110 *10 AMIC 2325 26 Bartow* 1025 unch Cg Sugar ***** unch CNA 430 6 Cum* Finance 175 unch De Beers Ind S 2800 ulron _L 525 6 Edgars 8250B unch Eveready Eed
      319 words
    • Article
      CLOSURE
      9 8 TORONTO m*rk»t wu eltiei m Mtaitj f»r VkMiD».
      9 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      180 8 Where to wine, dine and entertain Come, 'sample' an experience! DOLPHIN CAFETERIA World j 1 Trade CentMf you l£*y' Delectable local dishes and Western lunches set in daintily stylish Scandinavian decor. Popular SELF-SERVICE lunch daily. From 10.30 am to 3.00pm and d=3MsS§i) snacks from 3.00pm spm You've got to try
      180 words
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      Page 8 Advertisements Column 2
      141 8 For banquets. For conventions. For other functions offlawless finesse. f-urwtn "is U>r nj) t< > 2S() InU'rmitu >ruii mi'nus !< > ctu »>sc fr< >m '(>mpictt' hirujt •< >t ami;< > risuai cq'.r.p'iient Ample parking spue t• j wC*) 4-1 iliii'N I *ii rk SI icniliin SHt RATON HOTf I
      141 words
    • Advertisement
      Page 8 Advertisements Column 3
      120 8 See Page 4 fer Tokyo and NYSE prices V t w MBRLiIN BRILL It's elegant, comfortable and quietly opulent, with a menu that will delight the discriminating Our A la Carte selections specialise in steak at its finest and most succulent. To make the choice a little easier for you,
      120 words
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      Page 8 Advertisements Column 4
      166 8 Noodles, mien or mee? It's ttio same. No matter what you call it. The difference is the way our chefs serve up to you. Whether it's fried, dry. or in a soup. Whether it's Hokkien-style. ('antonese-style. or local-style. You'll like the way we have with noodles, mien and mee at
      166 words
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      Page 8 Advertisements Column 5
      126 8 The American Express Card serves you well wherever great food is served ERICAN To apply for the American Express Card, call 2358 133. 1 OMtOT2SA£C lour 'able is Kitche i i S 4 Lipajrcsc itkfc. c A yen for au cuisine, "()KOl Serving TEPPAN-YAKI at its best and other delicacies
      126 words
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  • BANKING AND FINANCE
    • Article
      Widening spread between prices of gold and silver
      500 9  -  By RUTH CHENG THE PRICE of gold will not go below US$45O per ounce this year while that of silver will move in the direction of US$lO within the next two to three months. This was the opinion of Mr Ma this
      500 words
    • Article
      Lock icon Money broking business hits record
      161 9 AFP PHILIPPINE financial intermediaries posted a record high in their moneybroking transactions at 109,300 million pesos during the first quarter of 1980. Latest statistics released by the central bank showed that the amount exceeded the previous quarter's figure by 43,300 million pesos or by 65.6
      AFP  -  161 words
    • Article
      Lock icon Hungarian notes
      116 9 Reuter THE NATIONAL Bank of Hungary is raising a US$5O million floating rate note issue through a syndicate co-lead managed by Amex Rank Ltd and Kuwait International Investment 00. A syndicate spokesman said the notes, due 1985, have a spread of V* per cent over the six month
      Reuter  -  116 words
    • Article
      US credit market eases
      495 9  -  Alan Lerner The writer, Alan Leroer, is a senior vice-president and money market economist wi tit Bankers Trust. Realisation that the federal Reserve does not intftsd to let interest rates fall ri further for a while set fixed income markets ifeck injecting the first real ante
      495 words
  • MONEY AND EXCHANGES
    • Article
      Singapore market
      493 9 THE U.S. dollar weakened considerably against major currencies yesterday. The American currency Eied at 229.00/20 against yen and remained very dy in morning trading until the Tokyo close when it eased somewhat to 228.70/ 90w Reports that Japanese exporters were willing to export their goods even if the
      493 words
    • Article
      TOKYO
      133 9 THE U.S. dollar for overnight delivery closed easier at 228.70 yen, down from a 229.00 opening and 229.05 at Monday's close, dealers said. .Trading was light with volume of 1672 million. The dollar fluctuated narrowly around the 229.00 yen level for most of the day in quiet and lacklustre
      133 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are Currently prepared to lend to their best customers is 12.1 per cent.
      22 words
    • Article
      ASIAN $ RATES
      165 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on May 20: USMkn<8pt) 7 days 9% 9V« 1 month IOV4 I0H 2 months 119/16 113/16 3 months 1111/*****/16 6 months 11V4 11H 0months US/16 113/16 12 months UH 11V. SwJH. DM. 1 month 3 months 6 months 12 months
      165 words
    • Article
      Discount
      5 9 Source: National Discount Co
      5 words
    • Article
      Frankfurt
      19 9 The following are the exchange opening rates for yesterday: US$1.8018/28 Stg 4.115/125 Can unq Dfl 90.92/91/02 Sfr 107.50/70
      19 words
    • Article
      GOLD
      246 9 GOLD futures in the Singapore market closed generally easier yesterday after fluctuating marginally throughout in quiet trading. Total sales for the day was recorded at 45 lots with kerb volume at six lots with interest mostly on August contract, dealers said. August closed lower at U*****.50/526.00 an ounce against
      246 words
    • Article
      HONGKONG
      99 9 THE U.S. dollar was technically marginally lower in dull featureless late exchanges, dealers said. It stood at a late 1.8020/25 marks against an early 1.8041/47 and New York's closing 1.8045/55 and at 1.6750/70 Swiss francs against 1.6750/60 and 1.6760/ 75. The dollar recorded its biggest downward movement against the
      99 words
    • Article
      LONDON
      100 9 THE U.S. dollar opened steady in moderate trading yesterday with Eurodollar deposits also steady and no new (actors apparent, dealers said. The dollar began at 1.8036/45 marks compared with a New York close of 1.8045/55 and a London close on Monday of 1.8015/25. Dealers said the US currency received
      100 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      267 9 Air Freight and all that jazz. If you think all air freight is the same old tune with different words, consider this. We've re-written the whole score on international air freight service. Our computerised global tracking system monitors your shipment from origin to destination to keep you informed. Our fast
      267 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1549 10 BBCTION ONE INDUSTRIAL A COMMERCIAL f Acaia (1068 1088) (3) 108 (4) Z 110 (6) 106 CD k BAT (1.418 1.448) (1) 1.43 Boa (0698) (l)lTOH (1)170(1) 0 180 Berjaya (180B) (1) r. 2jo Boutead (1908 19«) (1) 196 fc (3) *«ITAI.I.
    1,549 words
  • Article
    Unit trusts
    99 10 T>r r "miT" pU "UtieeaSrePmd MaH*uiu Tl* SavtBfl Fu»d IJ» J INCOME BOND UNTT ?5s£?« a a— fjssxsi a a FVat B'putrm 14 Uu mA lMTT TWXMT s*«d frfitn L* Ml (Mi i a m 1 rham ThM BJwtra CM v t ra d Fourth ifputrm IM CM
    99 words
  • Article
    SHARE INFORMATION SERVICE
    2717 10 I960 Bigk Low Coapuy Last Sale +orGr"» Div DW Cw Gr*s YTd Net P/B Vol (•000) Day Higk Low SECTION ONE INDUSTRIAL ft COMMERCIAL SIO 223 140 163 3M 80 280 406* 225 342 245 290 116 140 2m 60 275 390 187 285 Aema Alcorn Allied
    2,717 words
  • Article
    In Kuala Lumpur
    1714 10 INDURBtALS Amm (I) IK ed IkaMi (MSB) AIM (2KB) (1) ltt xd Un Mi (LS IMS) A Om (IJB 1MB) AMD (9KB 9KB) BMft (3KB UK) (1) 3J4 xd Bm (MB 0.715) (1) 0.71 0.70 Emm* (UB MB) (4) 197 (3) Ul BnMn4 J-008 MB) (1) IK
    1,714 words
  • Article
    COMPANY MEETINGS
    33 10 Natl—I Ina Steel Milta Ltd: AGM to be held at the conference room of Development Bank of Singapore, 2nd Floor, DBS Building, 6 Shenton Way, Singapore, at 2.30pm on May 22.
    33 words
  • Article, Illustration
    Shares hit by sudden selling
    665 10 PKOVTT-TAKEXB to* to Ike Dmt at toe ftogiiiw steek Mitel yestorday, seadlag skare prices kmdy lever to —to!to activity. s»jh» c pressare was rig■UkutlT Rtre fereetal tku Mere aad It was a elear-eat retreat ss to eftaes tor eataambered adBrekers saU tkal prsfltfelt at Ike
    665 words
  • Article
    KL drops on profit-taking
    496 10 THE EMERGENCE of sellers after more than two weeks of steady gains, forced the Kuala Lumpur stock market broadly lower yesterday. Profit-takers took to the trading floor in droves, sending the popular market barometer, the New Straits Times industrial ordinary share index down by 5.28 points
    496 words
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  • COMPANY NEWS
    • Article
      Guinness increase
      489 11 GUINNESS Malaysia has added further momentum to its earnings growth with > half-year profits rising by a faster 23.7 per cent against 18.7 per cent in the previous comparable period. According to its unaudited interim report, group pre-tax profits were up from $12.75 million to $15.74 million in
      489 words
    • Article
      MMC gets Straits offer
      206 11 STRAITS Trading Company believes that Its current nrspsssls far Malaysia Mining Corporation to par* ticipate in its smelting Ave enough to MMC. Straits chairman Taa Brl Tan Chin Tnna nil hi his latest nanaal address to shareholders that the company is encouraged by reports that MMCI
      206 words
    • Article, Illustration
      OCBC takes a cautious view of the future
      537 11 WITH energy prices persistently on the upward path and the climate of uncertainty prevailing, the Oversea-Chinese Banking Corporation (OCBC) expects banking business in the new decade to become more problematic. Chairman Tan Chin Tuan painted this cautious and conservative outlook for the
      537 words
    • Article
      Kim Eng bullish on KL-Kepong
      690 11 Market Talk... PROVIDED rubber and palm kernel prices remain relatively stable and palm oil prices do not dip significantly, plantation group Kuala Lumpur-Kepong (KLK) should be able to turn in a full year's pre-tax profit of $74 million, estimates Kin Bag SeeuHta. This represents a
      690 words
    • Article
      BATU KAWAN JUMP
      509 11 A HEFTY rise in investment income and better commodity prices have enabled Batu Kawan to lift its group pre-tax profits some 21 per cent higher in the first half of the current financial year. Unaudited pre-tax profits of the plantation group rose from M 110.92 million to
      509 words
    • Article
      Rise seen at Dah Yung
      219 11 DAH YUNG Steel has reported its first change in profit trend since it went public in 1975. In a preliminary statement on its performance for the year ended Dec 31, 1979, the group reported pre-tax profit of 11.16 million, 13.7 per cent higher than the
      219 words
    • Article, Illustration
      Lock icon Harpers' choice
      373 11 IB HOCK LOCK SIEW SYARIKAT Harper Gilfillan's (Harpers) scheme of reconstruction proposed recently, while basically well thought out, does contain a number of unusual elements, some of which have stirred up misgivings among a handful of minority stockholders. First, the scheme appears to mark a departure from the
      HOCK LOCK SIEW  -  373 words
    • LATEST RESULTS
      • Article
        MAGNUM Corporation
        101 11 yes- terday announced group pre-tax profit of $24.43 million (JZI.BB million) on turnover of $390.75 million ($346.43 million) far the year ended Dec 31,1979. An extraordinary profit of $5.8 million (loss $5.57 million) was also made. A one-for-two bonus issue has been proposed, raising issued capital to $31.39
        101 words
      • Article
        MATSUSHITA Electric Co (M):
        83 11 Group pre-tax profit of $12.14 million ($lO.lO million) for year ended Dec 31, 1979. Parent company pretax profit was $10.47 million ($8.74 million). First and final dividend of 20 per cent gross (same) payable on July 14 to shareholders registered on June 21. The company has
        83 words
      • Article
        CHEMICAL Company at Malaysia:
        84 11 Pre-tax profit of $9.3 million ($10.9 million) for the six months ended March 31, 1980. The company said raw materia] costs have risen rapidly and it has not proved possible to recover them fully in the market place. It said profits are unlikely to recover in
        84 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      343 11 UNIQUE MVESTMENT OPPORTUNITY i3;«i ißiitf ia;KIJUiTTTTr "TBMODEN" FOR SALE BY PRIVATE TREATY 12.97 ACRES (4.BSS HA) PRME REAL ESTATE V Frontage on main arterial roadway (Highway 1), only ll km. from city centre, I km. from intemationai airport. This magnificent property was originally developed as a thoroughbred Horse Stud and
      343 words
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      Page 11 Advertisements Column 2
      433 11 Businessmen. Are You Getting Your Share of the Billion Oil Industry? The South East Asia Ol Directory 1980-81 (Third edttion) is the only professional reference work which brings together an encyclopedic volume of material to serve all sectors of the oil industry. It is the most comprehensive and in-depth coverage
      433 words
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  • Article
    Rule benefits Q' car owner
    494 12  -  AMENDED TAX LAWS By MARGARET THOMAS MOTORISTS could find it beneficial to register their cars as "Q" cars now that new tax laws do not permit tax deductions for expenses incurred on private cars. Individual taxpayers using their own cars in their daily work were
    494 words
  • Article
    Lock icon US steps up oil efforts
    325 12 AFP Reuter THE UNITED States has stepped up efforts to persuade its Western partners and Japan of the need for further sharp cutbacks in oil imports over the years up till 1985, reliable sources said. US Energy Secretary Charles Duncan will seek commitments from America's
    AFP; Reuter  -  325 words
  • Article
    Sin Chew foresees higher costs this year
    236 12 CHINESE newspaper group Sin Chew Jit Poh expects inflation to be a severe problem this year. Higher manpower cost and newsprint price will continue to be a hindrance to earnings growth. This was disclosed in the latest annual report by chairman Mr Wee
    236 words
  • Article
    Increasing popularity of export credit insurance
    169 12 EXPORT credit insurance is fast gaining in popularity with local manufacturers judging by the healthy rise in the value of business insured by the Export Credit/Insurance Corporation of Singapore (ECICS) last year. The face value of policies issued was 1684 million, a 6.3 per
    169 words
  • Article
    Mandarin (HK) to manage hotel
    462 12  -  By TEO TECK WENG MANDARIN International Hotels of Hongkong is likely to manage one of the three big hotels to be built on the large plot of reclaimed land known as Marina Centre. It was announced yesterday that talks between Mandarin International and Marina Centre
    462 words
  • Article
    LONDON STOCKS
    744 12 LONDON, Tues. The market closed mixed after a quiet session At 3 pm the FT index was down 0.4 at 433.4 The prospects of high inflation and interest rates inhibited trading with the government bond market further depressed by news that two leading trade unionists said they would
    744 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      173 12 Wedding Ends In Fight The recent wedding of two well-known companies ended in a fight, it was reported today. The two companies had previously signed documents agreeing to a merging of interests. The trouble broke out when the president of one company lost his temper over the power costs of
      173 words
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      Page 12 Advertisements Column 2
      0 12 )*''\+>;_}%"[;/|^[@{%:'~]$@["\}
      0 words
    • Advertisement
      Page 12 Advertisements Column 3
      232 12 Pan Am now offers two great ways to see the U.S.A. Pan Am has just introduced two remarkably flexible and inexpensive packages to and around America. Explore the U.S. A. on Pan AM: USs249* Pan Am will fly you around any or all of 24 American cities for just US$249.
      232 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 jWETOfER Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in a few places. Smrt fer 24 hoars prior to 7.39 p.m. on May tl the airport. Maximum temperature 32.0 Associated humidity 65 Minimum temperature 24.6 Associated humidity 90 Hours of sunshine 4.80 Rainfall in millimetres Trace Total
      62 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Bill to protect seamen
        85 13 Reuter A DRAFT bill to add the Philippines to the nations offering flags of convenience to foreign ships has been filed with the Interim National Assembly. A spokesman.for the sponsors of the draft bill said the proposed law is designed to support the continued use of
        Reuter  -  85 words
      • Article
        Lock icon Harbour pilots end strike
        82 13 Reuter AUSTRALIAN harbour pilots have ended the strike which halted shipping in most of the country's ports, union and port authority sources said. Details of the basis for the return to work were not immediately available but union sources said the men's wage claim will go
        Reuter  -  82 words
      • Article
        Lock icon Jack-up rig project accord
        109 13 Reuter ARRANGEMENTS for the construction of a US$6O million jack-up oil rig have been agreed by the Selection Trust Ltd, Energy Investment Group and Houlder Offshore Ltd, the equal partners in the project, said. The rig, which will be able to operate in 300 ft of
        Reuter  -  109 words
    • Article
      China to launch HK-Europe service soon
      719 13 CHINA will launch its first scheduled direct container service from Hongkong to Europe at the end of this month. The new service will be operated by China Ocean Shipping Company (Coaco) and handled locally by Hamnoble Shipping and Enterprises Ltd, reports the South China
      719 words
    • Article
      Lock icon Jakarta AG team scrutinising Accres cargo
      174 13 AFP 4 SPECIAL team if the li<«ieilM AtUriey Gcmtill «dlee ku itartwj by-pipce ciMnlii* Om sf the merehsadtor carried by the lilmpmi ship MV Aetna mam tM np In BetowM Pert, Nsrth Sumatra. lie mettealeu sarvey Is believed U be la prepmIlea for legal
      AFP  -  174 words
    • Article
      INDEX TO ADVERTISERS
      562 13 dipping UM 1 Cai Adriatic TV 5 Afea VI 3 All trans VI 5 Alpac VI 5 Angkutan VI 4 ANL I 1 APL m 4/5 Arab Line vm 1 Argentine IV 4 ASCL m 1 Asia Merchant IV 5 Bangladesh vn 1 Bank Line V 5
      562 words
    • Article, Illustration
      Lock icon Inquiry into Cadiz disaster reopens
      298 14 NEW EVIDENCE Reuter THE Liberian government has reopened its inquiry in London Into the grounding of the Amoco Cadiz supertanker with new evidence about the 1978 accident which caused the world's worst oil spill. The 190,000-ton tanker, registered in Liberia, ran aground off the French
      Reuter  -  298 words
    • Article
      Lock icon Capital for new ships
      329 14 Reuter 1U LEVEL af capital repaired tor Ht vHMb ta the lMta will be ketweea ÜBH MBtoa aai $18 MUca a year, Lett Terje Lit Mm nl, maaagtag Mreetar af Dm Nerake Cnittaak, toU a akipptag eeaferewee ta Me. Tfc *iLh!itai l?Ml|iinTi pSTSaai thelMta. H aafy
      Reuter  -  329 words
    • Article
      Container Schedules
      1012 14 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/Agent and Is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      1,012 words
    • Article
      LONDON FREIGHTS
      1366 14 GRAIN charterers covered cargoes on Monday from Long Beach to China at U5534.50 (Bo) (or June and from the US Gulf to Volos at $38.50 (fio) for May/June, also from St Lawrence to west Italy a $27J0 (fio) for May/June. In the ore section, business developed from to
      1,366 words
    • Article, Illustration
      New safety rules for ro/ro ships needed
      669 15 MOUNTING PRESSURE PRESSURE is mounting for urgent action to enforce new design safety standards on roll-on/roll-off ships. A new analysis of more than a dozen casualties indicates that a few minor safety features could have averted disaster in most cases. The survey's authors
      669 words
    • Article
      Christina B struck off the Panama register
      177 15 THE PuuMriu Directorate Geaeral «I Maritime Affairs lu m—M tke reglstrattea af tke TSH-grt earga vemel Christina B, wUck left Ptumulaa territorial water* aa May 11. The departare af tke CkrMfaa B la eeea aa a grsaa vtolattaa af Paaamaalaa law aa tke
      177 words
    • Article
      Lock icon MacLehose to speak at UK meeting
      84 15 AFP HONGKONG Gavener Sir M array MaeLekaae kaa accepted aa tavttattoa to rftk at tke Nav S meettag tke Geaeral Caaacfl af BrMak fTklpplat la Laadaa. ma will be Sk Marray'a akS^^SalMflea Tfcla year. Laat maatk, ke spake at tke geaeral meettag af latertaake
      AFP  -  84 words
    • Article, Illustration
      SHIPS IN PORT
      469 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bougainville (2300 after Miike Mara) 33/34 Hugheverett (1300) 40/41 Jalamudra (0600 after Suzana) 38/39 Liu Pan Shan (after Wakagiku Mara) 1/2 Luna Marina (0700) 28 Myoma Ywa (1130 tide) 25/26 New Asia (2200 after Yue Flower) 18 Nedlloyd Steenkerk (after Tendai Mara
      469 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2867 19 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      2,867 words
    • Article
      Lock icon Charterers opt for long-term contract
      773 20 AFP "PACED with til* firm freight rate* prevailing on the aot market, charterers 4 fnr 1 >| M opera nr uogv-unn nm6CMrhrhi last weak la arte to equate operating Oonssqnsntly, hiwiness on the Loan on freight market vh quieter thaa usual hi the «ingle-voyage trades,
      AFP  -  773 words
    • Article
      Lock icon Checking trawler's documents
      115 20 UPI 'Jl LIB?AN submarine has ordered a Libyan-registered trawler with a Greek crew into the port of Bengazi. The OMk Merchant Marine »*■■»»—t said according to Captain John Paloukas of the trawler Wmdj .Shmsftis, the suhaMuln» surfaced on Sunday afternoon while the trawkr was 10 miles wsst
      UPI  -  115 words
    • Article
      Lock icon New surcharges and CAF
      85 20 Reuter TUB Far Eastern Freight aad the Sahah, Braaei and Sarawak Freight Osskram said they wHI bnpese a 10 per tmm MusnMli, the hr Eastern Freight wak FMght CeaCerMM aai the l*r East/ Gulf A4tm iai M 8m FM CmiiM mm Mii Ikqr «IB nIM Mr
      Reuter  -  85 words
    • Article
      The Consortia
      139 20 the major shipping consortia operating between the Far East/Europe and Straits ports/Australia and the member lines. ACE (FAB EAST/EUROPE): Franco Belgian Services. 'K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANBO (STRAITB/ AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedltayd Linen.
      139 words
    • Article
      Shipping Events
      230 20 VOUMiT I Aiv May 19-22 Mstropole exhibition centre, Brighton, UK. Mi Mi Owki Graft Cidimii May 19-22 Bedford Hotel, Brighton, UK. JfWi Fijwa" Vwwl Organised by the laatltata at Mechanical Engineers Royal Laacaster Hotel, Bayawater Road, (fee Martes May 27-30, Monaco. Psoas an Greece: Dmtsplag aadwt aarga syalaii
      230 words
    • Article
      WHO ACTS FOR WHOM...
      1244 20 The leading shipping lines eperating (rem leeal pert* Mi the agerfts whe handle earge beeklngs fer them. A-B Adriatic CSsMasr Ollaialal Feeders (S)/Cargo Freight (PC). Singapore Shipping Agendas (S)/Euro-AmLine (Pfc/PN). jUM C. Vasaflv Ssa Coaacrtinm (S)/Marintex Enterprise (PR). Alnas latraasa (S)/Yeo Shpg aad Tradb* (KL)/Uand Cargo
      1,244 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      319 13 l:\vrctf Lines M« TM« MOST miQUIMT tAIIIMCS TO lANMM lIOIUKOIU JAPAN MJSAM. Iv«r«tl ItoamMp Corpn. S/A V»goee»# •5411' t M St*** Wo M >01 OCiC hi'" 1'« I 1 K«HM A«nn KXSHI9 COIHO T« M772J 1 \RIMM 11 U Orient Overseas Co*dcu*t&i Line FULLY CONTMOBED R 171 I MIS IX
      319 words
    • Advertisement
      Page 13 Advertisements Column 2
      356 13 S9I& SEALORI) AMAH UASC UNITED ARAB SHIPPING CO (SAG; ARABIAN CUF EXPRESS MULTI-PURPOSE SERVICES Kuwait (25/6), Abu Dhabi (28/6). Doha (1/7) Dubai (1/7), Dammam (4/7), Abu Dhabi (7/7). Kuwait (10/7), Mma Qaboos (13/7) Dubai (24/7), Dammam (27/7), Kuwait (30/7). Doha (2/8). Abu Dhabi (5/8) FULLY CONTAINERISED SERVICE 3 3«. i
      356 words
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      Page 13 Advertisements Column 3
      18 13 CONTAINER Schedules LONDON Freights ■nkM SHIPPING list rHE Consortia REGIONAL Weather SVHO Acts Per Whom SHIPPING Events. a
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      Page 13 Advertisements Column 4
      580 13 TRANS SIBERIAN EXPRESS SERVICE TO na*, fcfcaria, CzadmftM Dumarfc, my ctntril, cast ft aa* Enqu ei btagratri Agaacy ha Ltd Td: *****93/4 Tl>: RS 220 r.vj iiim EXPORT TO US. PACIFIC, GULF, ATLANTIC, EAST CANADA AND ASIAN PORTS I'l;;. av i s 41 Singapore Oosmc Tmni *CY 27/1500 hn CfS
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      Page 14 Advertisements Column 1
      479 14 LEO SHIPPING PTE LTD. SINGAPORE PERNftS MISC SHIPPING AGENCIES SON BHD PORT KEIfING PEN4NG '-*^1 m MALAYSIANINTERNATIONAL SHPHNG CORPORATION BERHAD FMar TUw ft DAHLIA 24/5 IOMIM 24/5 t. DAHUA 7/6 HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 hm tmw 1) CMrg 2) H'Mirt 3) I'w 4)R"MiS)IeH P.Kataeg Spore rOYAMA
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      Page 14 Advertisements Column 2
      161 14 SUPERCARRIER SERVICE MMrMMIN WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA hmmo Mi •a/5 M •25/0 2-3/6 2/7 7/7 9/7 *****/6 17/7 22/7 24/7 123/7 2/1 6/0 tan N M U/7 12/7 25/7 27/7 10/1 11/1 St Ma 10* Mate M* 17/7 11/7 24/7 I/O 4/0 0/0 lt/0
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      Page 15 Advertisements Column 1
      667 15 STRAITS SHIPPING Singapore to Satah, Sarawak, Brunei Ports and Bangkok Overseas I II I Containers Limited Weekly service to/from UK/Europe ContainonMp Services To/From Bangkok $wwl and Brunei Unpihi Uprwi Mto 29 to UN MM 9M 11 M 12 M MM I*M 12 M 13 M ISM MM 21 M 22
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      Page 15 Advertisements Column 2
      587 15 $&*'`++>\&-\_!+>\@}~?{/=&=)@\`" FOR SALE OCEAN CRUISING YACHT Burft 1973 by Ko« Teck 63ft x 18ft x 7ft. New 360 HP Deutz Engine 2000 Hrs. Wooden Chenghoi hul. Regularly slipped and serviced. Two generators 26KW and 6KW, 230 V Bor, radar and full safety equipment 2000 fuel and 700 gallons water tanks.
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      497 16 Hapag-Uoyd ROTVML TO EUROPE fpn P JMaffw Btaa tmm What Na M* Mm IT% 2/6 4/6 23/6 10/7 13/7 7/7 5/7 3/6 7/7 J/7 30/6 26/6 TO GENOA/TttSTI 2T 17/5 19/5 P.b 25/5 15/6 23/6 ■mm 19/5 23/5 Batata 26/5 29/5 Myata 1/t «/6 M tain 5/6 7/6 11/6 M
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      Page 16 Advertisements Column 2
      663 16 KOREA LINE SHIPPING CORPN P. Ketaf VEGA 149W 30 May/2 Jim 3/7 Junt FOR BUSAN BANGKOK VE6AISOE 30 May/2 June 3/7 June TO BUSAN ALTAR 153W 5/1 July 1/11 July FOR BUSAN BANGKOK ALTAR 154E 5/8 July 8/11 July TO BUSAN INCHON PENANG CALL SUBJECT MOUCEMENT JSC KSC KSC KSC
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      Page 16 Advertisements Column 3
      497 16 (7) EVERGREEN LINE fAR [AST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTMG CARGO FOR HAMBURG FELIXSTOWE ROTTERDAM. ANTWERP LE HAVRE ALSO ACCEPTMG CARGO FOR UNITED KMGOOM SOUTHAMPTON. LONDON. MANCHESTER. WRMWGHAM. BRISTOL. LIVERPOOL GLASGOW. LEEDS WEST GERMANY BKItMAVCN HOLLAND AMSTERDAM E«v Vm* Mil* 13 tmm 15 tm 17 An Htm HI Cm
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      Page 16 Advertisements Column 4
      785 16 Everett Lines r I C I B»rw Fivt Star Sfcippiaf Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON I rpm rutmt i 22" n/amj Wmvnrn, mnmimi ui 24/24/22 <M fHt- *r 27/24 im MTMRMmM 24/2 la B.F.S.S.C. Ag*nn in Maioytto: TEPS MALAYSIA v Campania Arpantina Da >T(lH3»j NavaaadaalatarcantiaaatalS. A.C.I.F. KfMy "ARGENTINE
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      Page 16 Advertisements Column 5
      452 16 tSIO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD. 13! SANKYO LINE AUSTRALIA SERVICE "TO* 'Jgl SViaa BANGLADESH SERVICE MAY mMX 15/20 MM CMTTAGONC. CHMJM JAPAN/STRAITS SERVICE S«(apore P. Mmc Nw> H ASPRtATKM SjM hi Port OCEAN PME 27/29 May 30/31 May SAVANNA STAR 21/30 May 24/2S May 20/27 May IMS NMU 27/29
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      Page 17 Advertisements Column 1
      624 17 k. PIL GROUP EAST AFRICA/REDSEA SERVICE J SING APORE/CHITTAGONG/RANGOON/SER VICES SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES S.E.A. Container Feeder Service SINGAPORE/HONGKONG/MANILA ACCEPTABLE LCL/FCL CONTAINERS/ ALSO AVAILABLE 40-FT REEFERS. FOR HKG 1^: m lal Nap.TopaitB/IN Pakistan National Shipping Corpn. Karachi Pan Islamic Steamship Co. Ltd. Karachi ETA S pore 27/21 Hay loading for Karachi
      624 words
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      Page 17 Advertisements Column 2
      805 17 r n^j BEN LINE CONTAINERS to turn Inlmlta EXPtESS COm WO SOVICE TO/FROM ElffOPE KMG «o** HAVRE SOTON Sport PUmW Or many Austria AMvtrp FranctAlUK 21/5 u/i 14/1 ivi it/I u/i i!£ 2V5 l»/« 21/1 22/1 24/| 17/1 27/1 21/1 31/4 21/1 1/7 34/1 29/4 21/1 V 7 7/7 1/7
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      Page 17 Advertisements Column 3
      534 17 ■«r Scan Dutch? WEEKLY EXPRESS CONTAINER SERVICE 7/1 in M/ 7 I) lam Ma. Ganaa. Uoam 2) riling NM 4) km! «Mr<MkMMca|ikih«il PMa« »Mr la MMmTw, to Mian* arrS^MM urtamirwi nr«iiirta DM w a/s MK« hN>< M SRLn y? Jl H'' W M a/5 11/* IV*+ bit a/5 a/5 a/5
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      Page 17 Advertisements Column 4
      461 17 M* i I I w. m y s m f V k t > J A 1 I BOUSTEAD SH,PPING AGENCIES THE BANK LINE LTD LOADS FOR L ft S. AFRICA LYKES ORIENT LINE U.S. GULF COAST SERVICE leans, Mobfc, Houston, Gjlvcston) mm in® (*ch 4 foMO 24/25 May 21/27
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      Page 18 Advertisements Column 1
      560 18 K line KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA nv II U X NT 12/1 22/1 U/l 27/« 14/6 %n N/0 1/7 Wl 10/7 20/0 M/ 7 M/ 0 M/ 7 30/6 11/7 26/6 19/7 n 9 mmawa 21/5 29/5 MciMM 7/1 W era i/s 11/1 ■J
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      Page 18 Advertisements Column 2
      486 18 CAUFOtNU/PACfIC NORTH WEST SERVICE EXPRESS CONTJUNER/REEFER SERVICE in fo/rai SITU. TACONK. 1 nto, 19 JM t A*to II JM 11 JM AISTRALIA EXPRESS CONTAHM SERVICE fiw m aMm UJM 13 tot 17 to* 10 M) uMr i»m 2*+ ntm ii S«P» 14 S*t 11 Oct (Oct PUM| 3 tat 5
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      Page 18 Advertisements Column 3
      383 18 .A (>niii|i SINGAPORE SHIPPING AGENCIES PTE LTD .UTm HOOH UliaNßj iONG SiNUAP<J«I VABMT-ng 9"1,. GfNfBA. 9ijtn .14 I.NISi U« «S «S C ARC.OSHIP lIIIM imHI Container Lines WEEKLY CONTAINER SERVICE xo/Uom BANGKOK S PORE (Wed) bft/21 Mar 21/21 May 4/ 5 Ma 11/12 km lt/19 km 25/21 Jm 2/3 Mr
      383 words
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      Page 18 Advertisements Column 4
      381 18 1 SQRAMARD LIME INDEPENDENT-ATTRACTIVE HATES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CAM GO FCL ONLY FOR: PORT SAID. ALEXANDRIA. BEIRUT. LATTAKJA. UMASSOL ISTANBUL PIRAEUS Specialty engaged agents A stevedores providing immediate discharge L rami STM *39*. Nrt SaM. UKMfe A NumM I Part SaM. Naurtk. I** I Lattafcta I TAT
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      Page 18 Advertisements Column 5
      379 18 jjaaim m INTRASEA (PTE) LTD faber House 234E Orchard Road Singapore 9 Telephone 2354G6? REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE M W77-H r pare P. lIMy 24 Undtater. IOTfEIBi .22 km ISJ» IOTTEIDAM/lOVumm (MM) ■MUMK/K (MM) l*an anuu (PIE) LID 2X2111 BOBH 28*57 YEO SHPPM ft lIAMS 4MM4, 4M742.
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      Page 19 Advertisements Column 1
      573 19 NOL NEPTUNE ORIENT UNES LTD TO EUROPE/UK (VIA SUEZ): rpm C. CONTAMEX Sato I. JMOR+ 25/5 ILKARL 3/6 C.PANL < 8/6 MBCATOR 15/6 CJHHE 422/6 Aho SCC<ptim CaTfO to/from Scandinavia HUM EUROPE (VU SUEZ): C. MS I. JACEMON—HK CONTMO. a CHEF SIMS R. CORAL. K. JACEJM S'pore Closing Times: FCL
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      Page 19 Advertisements Column 2
      73 19 booking opportunities for shippers. And the uauranc* that whatever you're shipping will ba on ita way to ita daatination. Quickly and economically. a Whether you're ahipping containers, break bulk or roll on/roll off cargo, specify the Port of Oakland in your letter of credit. The port with more ships. For
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      Page 20 Advertisements Column 1
      222 20 FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS BUNKER ADJUSTMENT FACTOR SMPPERS AND RECOVERS ARE ADVBED THAT AS A RESULT OF MCftEASED BUNKER PROS THE BUNKER ADJUSTMENT FACTOR VNLL BE HCREASED FROM 3171 PERCENT TO 40J7 PERCENT VNTH EFFECT FROM IST JUNE, 1910. I<Ml EGYPTIAN IN
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      Page 20 Advertisements Column 2
      180 20 ■£ii 7 CAIAYA SAWDIRA SMPPMfi PTE LTD., ?•'f f TJ.'*' 1 t* *I, /<, yrrrh TtfcISIISM/ REGULAR SERVICE: SMGAfORE/CMTMGONG. Spara PJN Laa*|f* M.V. "LENNM" 20-25 May 27 May Chitta«o<« ANHSING OVERSEAS LIN Sfm t. Ma* haaat Lead** STRONGWILL ENTERPRISE (PTE) Ltd THE NEW STRAITS SHIPPING CO (PTE) LTD MANILA SERVICE
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      128 20 m Regional Weather 0 4 V V 2 o *3 V > $3? mmm Wmm mm •x -MM# xXx :-X:X -v •x: x- Si** i SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AJfl. THIB MORNING. K Hw—fciUnrm Temperature °C Shower Weather s-J Wind direction with i Dew point *C Wave
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