The Business Times, 22 May 1980

Microfilm: NL10631
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MXMP) N«. 111/1/8# THURSDAY, MAY 22, 198« 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Second missile test
      54 1 UPI BEIJING, Wed. China has carried out its second successful test of an intercontinental missile, diplomatic sources here said. The second in the current series of rocket firings was carried out today, and the missile splashed down on target in the South Pacific after launch from an
      UPI  -  54 words
    • Article
      Lock icon Anti-US stand
      66 1 UPI ISLAMABAD, Wed. The 11th Islamic Conference is »»irfag a tough stand against the United States but is softening its criticism of the Soviet Union, delegates said. The 39 officials from Muslim countries meeting here passed a resolution yesterday strongly condemning the US for the unsuccessful rescue attempt
      UPI  -  66 words
    • Article
      Lock icon US dollar slips
      77 1 Reuter TOKYO, Wed. The US dollar today slipped to a seven-month low against the yen on the Tokyo Foreign Exchange market, forcing the Bank of Japan to intervene heavily to defend the sagging dollar. Foreign exchange traders said the dollar fell to 224.80 yen in heavy trading
      Reuter  -  77 words
    • Article
      Soviet withdrawal
      73 1 OMAN Bas told the Islamic Conference in Islamabad that the continuing influx of Soviet troops into Afghanistan is a threat to world peace and endangers the security of the Islamic nation. Oman delegate Yusuf A 1 Alawi, Undersecretary for Foreign Affairs, urged conference members to direct their efforts
      73 words
    • Article
      Lock icon No legal action
      65 1 UPI JAKARTA, Wed. Indonesia will not sue the former director of Pertamina despite the stateowned oil company's US$lO.5 billion failure under his management, the government said. State-secretary General Udharmono told Parliament: "The government has not j«t found any solid ground to bring General Ibnu Sutowo before court
      UPI  -  65 words
    • Article
      Lock icon Malaysia's fishing zone
      79 1 Reuter KUALA LUMPUR, Wed. Fishing by foreign vessels within Malaysia's 200-mile Exclusive Economic Zone (EEZ) will only be permitted where there is an excess of fish resources, acting Law Minister Tan Sir Kadir Yusof said. "If any country which has in the past been fishing within the
      Reuter  -  79 words
    • Article
      Lock icon Dow Jones
      55 1 AP NEW YORK, Wed. Stock prices were little changed in early trading. The Dow Jones average of 30 industrial stocks declined 1.96 to 830.55 in the first half hour. Overall, gaining and losing issues on the New York Stock Exchange were about evenly matched. Oil, transportation and utility
      AP  -  55 words
  • Article
    Chief Price Changes
    147 1 Rises M U I 750 85 Mipu Corps 835 40 8i|m Metal 140 34 Shaafri-La P MC 1000 835 20 20 K L Kapoag 464 12 Sjra Retia* 310 12 R L Iaduatriea 308 12 Hi(h Low 288 12 Strait* Tradlag 1270 10 PAN 880 10 Geatiaga
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  • Article, Illustration
    KUALA LUMPUR
    143 1 Rises M.U. lad Magnum Corp PJlC. C Sugars PAN Syn Resine T60 960 660 194 690 312 +70 +45 i +25 +16 +15 12 Falls Troooii Sg Bed C.C.M. Kamunting A HltairTnn Petallng Eaao Ord 1260 1210 580 380 1360 1350 566 1 1 1 1 1 1
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  • Article, Illustration
    FELS negotiating $300m orders
    452 1  -  BANK FINANCING LIKELY By GOH ENG KEE Shipping Correspondent SINGAPORE'S leading rig builder, Far East-Leving-ston Shipbuilding, is close to securing orders far two semi-submersible platforms worth at least Ss3oo million from two foreign oil drilling contractors. The two orders will easily top all the contracts in
    452 words
  • Article
    Malaysia Textile calls off deal
    221 1 MALAYSIA Textile Industries has cancelled its agreement to purchase a 57.5 per cent interest in Public Textiles. This follows a condition imposed by the FIC that MTI should make an offer to the minority shareholders of Public Textiles similar to the one it made to
    221 words
  • Article
    Reinsurance link with Eximbank
    435 1  -  By LEE YOKE MENG THE Export Credit Insurance Corporation of Singapore (ECICS) is negotiating a reinsurance arrangement with the US Eximbank. Should this materialise, it could possibly be the first of its kind in the Berne Union an international grouping of export credit institutions if not
    435 words
  • Article
    Uniform clearing fee soon
    267 1 THE Singapore Gold Clearing House will soon charge a uniform clearing fee for all contracts. Sources said this would have been implemented six months ago had it not been for the failure of the Gold Exchange of Singapore and the Clearing House to arrive at an
    267 words
  • Article
    Haw Par to pay its first dividend in 6 years
    249 1 AS EXPECTED, Haw Par Intheri later—tl—l achtoved itnag tar>utiai la pwfltaWßty tut year, piaijWat Mi director» to reeearoeai the Orel dhrUead kialiat to limfcilliH la tlx years. Ike grasp yesterday reparted a greap pre-tax pram el $Ifu nrfUUa toaeeTlSJt aiUltoa
    249 words
  • Article
    Shortage of dry ice hits ice-cream industry
    499 1  -  By TOH SU FEN FOR more than a month 1 now, the supply of dry Ice I has been at 5 to 10 per cent of the normal amount and the ice-cream industry is badly affected. Local sales of ice-cream have been reduced
    499 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      8 1 k A fll J J. PPC does Hal.
      8 words
    • Advertisement
      Page 1 Advertisements Column 2
      103 1 Electronic Typing System The AGS Plus (also known as the Lanier "No ProWem" Typewriter) electronic typing system with its eight programmes was specially engineered to take oyer much of the workload caused by many routine chores involved In the composition, preparation and presentation of typewritten text in the business office
      103 words
    • Advertisement
      Page 1 Advertisements Column 3
      67 1 8m hack page aad Leader page! SHIPPING TIMES SINGAPORE lawyers can learn f man Hongkong C MULTI-pronged approach to Singapore's la bear preblem I WHERE Chase's prime rate is heading LARGE syndicated lean awaits bankers 9 PROSPECTS fer trading company 1ntrace.......... 11 SIN Chew confirms newspaper ventnre..................................... 12 AIRCRAFT 5,
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    • Advertisement
      Page 1 Advertisements Column 4
      144 1 BANK VMLRJ SAFE D&OSTr SAFE LeOer...pMe C HERMES m© n®@ y-v DESK-TOP MULTT PURPOSE OFFICE COMPUTER A compact electronic office computer designed for the medium and snail companies. It offers a multitude of accounting applications and can be easily installed on any office desk or table. The operator can simply
      144 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Amusement park developer sets up office
      417 2  -  By RAHIM KASSIM A HONGKONG-based company representing a major European consortium of manufacturers of amusement park equipment has set up shop in ■Singapore to exploit the South-east Asian market. Its Singapore office, Union Lofthill, has been operating for the past six months and has
      417 words
    • Article
      Agreement between Volvo and Swire
      172 2 VOLVO Far East's construction equipment division has entered into an agreement with Swire Engineering, a member of Swire group, to sell all Volvo BM construction equipment in Hongkong. The first product to be marketed under this new agreement between the two South-east Asian companies Is
      172 words
    • Article
      Equipment for Polytechnic
      45 2 NATIONAL Semiconductor Singapore will present fifteen sets of microprocessor equipment to the Polytechnic tomorrow. The pTB9BDtAtiOD ceremony will be held at the ground floor lobby. Administration Building, Singapore Polytechnic, Dover Road. The equipment, worth about $15,000, will be used for microprocessor courses.
      45 words
    • Article, Illustration
      Singapore technology for Asean trade fair
      197 2 ACMA Electrical Industries, the local manufacturer of lefrlgerators and alrcondltioners, will be bringing Sinnpore technology to the next Asean Trade Fair in Melbourne In August. A range of no-frost refrigerators developed and manufactured In Singapore will be displayed by the company at the fair.
      197 words
    • Article, Illustration
      GUTHRIE WINS CONTRACT
      123 2 MANAGEMENT and technical expertise from Its Singapore office has helped the Guthrie group win a substantial contract from the Sabah government for a year's supply of low-speed copiers. Mr Desmond Soo, general manager of Guthrie Singapore, said that under the contract, Guthrie (Borneo) will supply Sabah government
      123 words
    • Article, Illustration
      Engineering company seeks agents
      113 2 AN AUSTRALIAN engineering company, Clyde Industries, Is keen to wtiMhh agency agreements or Joint ventures in the region. Clyde Indostrtes* divisional general manuer, Mr John Hancox, will be mg discussing tms with several companies during his visit to Sfagapore, Indonesia and Mnlaysla. Clyde Industries, he said,
      113 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      166 2 CHEMICAL Bank has appointed Mr William Clark as deputy general manager in Singapore. He will contime his responsibilities as country manager for Singapore, Malaysia and Brunei, and aa head of the corporate banking group in Singapore. Mr Clark came to Singapore last year from Chemical Bank London
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    • Article
      MEMO PAD
      496 2 SEMINARS AND COCBBB3 May 21-23: Advanced Programming Techniques, Institute of Advanced Technology May 22-23: Managing Foreign Exchange Risk, Shangri-La Hotel, AMR International May 23: 10 Lectures on Psychology for Daily Uvfa*, Room 37C, Waterloo Centre, University of Singapore's Department of Extramural May 29-30: Credit Management, Century Park Sheraton,
      496 words
    • Article
      BBC Brown Boveri service division
      157 2 BBC Brows Boveri (SEA) the local operation» of the Swlaa-German power conglomerate, has established a machinery service division hi Jurong to provide better sales and aftersales aervice to BBC turbochargers. Its services also cover i en 1 OUJCT KTir IMrf** such as transformers, generators, alternators,
      157 words
    • Article
      Exporters' guide
      53 2 THE Singapore International Chamber of Commerce has released its revised version of the Jifoir lb Export The latest edition, compiled by the SKXTs assistant secretary, is available at $15 a copy. The handbook deals with the varioos aspects of exporting, from finding markets abroad to overseas import regulations
      53 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      44 2 Frankfurt airport is Europe's fastest transfer terminal to any one of 55 European cities. I Lufthansa German Airlines Contact your travel agent or Lufthansa Singapore: Tanglin Shopping Centre. Telephone: 737 9222 or 737 4444. Kuala Lumpur Merlin Hotel, Jalan Sultan Ismail. Telephone: 425 555
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  • REGIONAL
    • Article
      Lock icon Tokyo's trade deficit could reach US$20b
      199 3 Reuter THE JAPAN Foreign Trade Council, which re presents 13 leading trading houses, has predicted in sn annual report that Japan's customscleared foreign trade deficit in calendar IMO would increase to \JSm hfllkm from 17.64 bflbon in 1979. The value of exports will increase
      Reuter  -  199 words
    • Article
      Lock icon Industries expected to spend 12pc more
      127 3 Reuter THE ECONOMIC Planning Agency (EPA) says private Japanese industries are expected to Increase their capital spending by 12.0 per cent In fiscal 1900, which started last month. A survey made by the EPA at the end of March showed that manufacturing industries will
      Reuter  -  127 words
    • Article
      Lock icon No agreement yet on Manila nuclear plant
      166 3 Reuter THE PHILIPPINE government and Westinghouse Electric Corp have so far failed to reach agreement on extra safety factors for the country's first nuclear power plant, a National Power Corp (NPC) spokesman said. A government team led by Energy Minister Geronimo Velasco met
      Reuter  -  166 words
    • Article
      Another wave of Japanese investors coming
      482 3 JAPANESE investors are turning again to Asean countries, particularly Malaysia, in their efforts to diversify their production lines overseas. This trend, said Mr E Shimoyama, chief manager of Sanwa Bank's trade and investment consulting centre in Tokyo, is clear from the information coming into
      482 words
    • Article
      Lock icon Assurance for MCA
      340 3 AFP PRIME Minister Datuk Hussein Onn has assured the Malaysian Chinese Association (MCA) that the Kuala Lumpur government would not allow the interest of one race to be jeopardised and given to another race in the country. The assurance was given to a high-powered MCA delegation headed
      AFP  -  340 words
    • Article, Illustration
      A united Asean stand on labour
      105 3 THEj IDEA d a 'expected* b > ■eutly *_ths Tlfcd Ass—- > nhishia li Kaala witmL eedes s hear Orgaalsallsat eeaferenee M Geneva Mm the first week sf Jm. Hk be sfsnad ky tke Malaya's Deaaty Prime Mialster, Datak Berl Dr MahatMr NphpA* MuSSr
      105 words
    • Article
      Lock icon HKSE seeks views on takeover proposals
      395 3 Reuter THE HONGKONG Stock Exchange (HKSE) is seeking members' views on possible takeover code proposals. It asked members in a circular to say whether they would or would not support proposals to make it compulsory for any person or company to make a bid
      Reuter  -  395 words
    • THE REGION IN BRIEF
      • Article
        Lock icon BOYCOTT OF OLYMPICS
        388 3 Agencies INDONESIA'S National Sports Council has decided not to send athletes to the Moscow Olympics, the council's secretary-general Siregar said yesterday. THAILAND has appnui the tons e< a amHf wilton yea laaa parksge freai ■■list prajeeto la flseal IIM, whleh hegaa laat The Thai CaMaet rattled the
        Agencies  -  388 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      56 3 V OncsicpiinioOYB And you get a taste that's so much smoother. Because the Old Vintage Blend Cognac by Renault of France has been aged for a longer period than that required for VSOP's. Renault O.VB. It's aged longer to taste smoother. Sole Agtnt: Tan Chong Trading Ptc. Ltd 913 Bukit
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  • RAW MATERIALS
    • Article
      Forecast of high sugar prices
      225 4 FORECASTS of sugar prices at £1,000 a metric ton within the next 12 months three times the present level were about on the London market yesterday. These forecasts were being firmly maintained despite the Ay's £10 cut in spot prices to £335 and £336 respectively
      225 words
    • Article
      TEXTILES
      183 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (la HK dollars, spot ex-go-down) Cettan yam: China Blue Phoenix JOi 2JOO; 3» 2JM, 4fe 2,8» (per hate of 400 lbs). Pises gssds: Butterfly sad Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Buttesfly unq;
      183 words
    • Article
      WHEAT
      235 4 THE Chicago Board of Trade wheat futures chved US4 V« to 2 Vi cents a bushel lower in predominantly local trade sa Tuesday. Spot May expired at aoon on Tuesday six cents loner. Private forecasts on Tuesday agreed with earlier predictions of rain in Canada and North and South
      235 words
    • Article
      RUBBER
      290 4 THE rubber market in Singapore yesterday closed lower with June One RSS buyers quoted at 272.50 cents per kilo, down 10.50 cents from Tuesday's close, dealers said. Morning prices were marked down about 8.50 cents on upcountry liquidation, local stoplass selling and reserve of buyers, they said. Afternoon prices
      290 words
    • Article
      RAS PRICES
      294 4 R.A.8. prices In cent* per kilo yesterday: Mam (per Ulo) (per klk>)_ Int. 1 R.S.S. mompt f.o.b. 270.00 1st. 1 R.S.S. Jane 274.00 Int. 1 R.S.S. July 178.00 Int. 2 R.S.S. 270.50 UK/Cool 260J0 Int. 3 R.S.S *7.50 UK/Coot 208J0 Int. 4 R.S-S. 281.30 UK/Coat MJO 256J0 UK/QM
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    • Article
      SSR and SMR
      100 4 NOON SSI I and SMR p rie» j BAS Jmmt (Carnal Mth) (Forwiri Bayara Mth) illan 868 SO (1-fca ss 264 00 366 OON 3(6.00 368. OON 88BS0 MUU 1 361.00 Jim 363.00N «aon J«ly *****N 8MRCV (1-ton i smo 134 JON W1 Ml 325J0N SMRL O-taa
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    • Article
      Straits Tin
      73 4 THE Stratti tta prlee ia Pf—ig ywtortay firmed Ms2f per ptcai to ttf*l, $11 «km the lal>sastlsasl lis Agreement eeiUag, Men sali. The firmer metal ni eaeearagei by everalght higher L—i—aai New Ysrh «Meet ceapled with Mlewthreagh Einpeu, US Jeeal ail seme Jaw■eie haylag at this level, they
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    • Article
      CLOSING PRICES
      39 4 Rubber: May 21 Singapore: Jane: 272.50 cents (down 10.50 cents) Mnlnysin: Jane: 275.50 cents (down 10.50 cents) Tin:M92 r 2oo (up $26) (equivalent to *36.38 per kilo) (op 43 cents) Official offering: 153 tonnes (np 11 tonnes)
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    • Article
      RICE
      332 4 HNGAFOBB: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop LB, 100 per cent second class 6.90, 100 per cent third class OM, 25 per cent new crop 0.80, B-10 per cent 0.68. THAI BROKEN: A-super 0.63, Special no stock.
      332 words
    • Article
      Produce exchange
      164 4 CBINEBE Preiaee Exehuge, flat»pin. >mi (MNt priM per IN kg Oaeeaat ell: Bulk fob {137.50 sellers, old drum (in secood hand drum) fob 1147J0 sellers, new drum fob *154.00 sellers. Cepra: Mixed (looae) 179.00 buyers. Pepper: Muntok white pepper fob Asta NLW $500.00 sellers. Sarawak white pepper faq
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    • Article
      SOYBEAN
      136 4 THE Chicago Board of Trade soybean futures closed US3 cents to 6 Vi cents a bushel higher, near the top of a six-cent range on Tuesday. The spot contract which expired at noon finished firm at $6.12. Local shortcovering in response to significant increases in export paced advances, traders
      136 words
    • Article
      LONDON MARKETS
      737 4 OOPTKE: Robusta futures yesterday closed a quiet mornings trading session showing little change from opening levels of £12 to £3 per tonne lower. Turnover was 787 lots including 17 options and around 150 lots of cross trades. Dealers said trading was subdued mainly due to steadiness of sterling
      737 words
    • Article
      PALM OIL
      156 4 THE market was lower on lack of sustained buying support in moderate trading yesterday, dealers said. The market did not respond to trade reports that private Indian importers' licenses covering tenders for an estimated 60,000 tonnes or more of neutralised palmoil had been revalidated. Pakistan's purchase of 5,000
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  • ASIAN STOCKS
    • Article
      Further advances
      621 4 TOKYO THE market continued to advance yesterday, following Tuesday's rising trend. Energy-related tames led the market Blue Chips Precision Equipment and light-electrical Issues also gained ground. Some speculative stocks continued to rise but others lost ground on profit-taking. The Nikkei average recovered to the Yen MOO level the
      621 words
    • Article
      Bangkok
      247 4 STOCKS weakened yesterday as selling pressure continued, dealers said. Bangkok Bank fell two baht to 286, Capital Trust one to 59, Jalaprathan Cement one to 113 and United Flour Mill one to 193. MAY 21 Bah is Asia Credit 134 -1 Asia Fibre 129 +1 Ayulhaya Inv And Trust
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    • Article
      Lock icon Hongkong
      334 4 Source: SHK See THE market was basically featureless in the absence of rumours and any form of dramatic news. It opened fairly steady, more or less at the same level as yesterday's closing. Lacklustre trading however soon shaved 6.68 points off the index and it ended the morning session
      Source: SHK See  -  334 words
    • Article
      Sydney
      297 4 IN THE absence of market moving news stocks traded mainly steady yesterday wtili some oils easier, dealers said. Coal and Allied, the target of heavy buying on Tuesday, was again active and rose ten cents to AH0.20, Australian Consolidated Industries announced a one for five cash share issue and
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    • Article
      Manila
      155 4 STOCKS clpasd generally mixed yesterday with a 5.3 million peso turnover against Tuesday's 3.2 mUlion, traders said. Philez B, Oriental B, Podco B, Pogei and San Miguel B firmed while Atlas Con B, Lepanto B, Basic Petroleum, BF Goodrich, First Phil Hldgs and PLOT eased. The rest were unchanged
      155 words
    • Article
      Selected indices
      51 4 FINANCIAL TIMES INDUSTRIALS Tuesday *33.8 Monday 4338 Week Ago 438» DOW JONES AVERAGE INDUSTRIALS Tuesday 83ifil Monday 830M Week Ago u 818-8» H.K.HANG SENG Wednesday 800.88 Tuesday 880.42 Week Ago 000.78 SYDNEY INDUSTRIALS Wednesday «28.37 Tuesday 630.13 Week Ago 823.53 ALL ORDINARIE8 Wednesday 821.03 Tuesday 820.52 Week Ago
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      245 4 V 9& 1 -i*4 #^>W&c iZ* Jf i 8? n; r*. B > r* l, i W- .oaT *si saner s» js wKftcu-, \v #■1 I if r rue (if *>old when you need n the latest Reuters nev s m ,-Zjt- s v BsSr% A «-j > wm facilities
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  • OVERSEAS
    • Article
      Lock icon Four more major producers join oil price race
      313 5 Reuter FOUR four more major oil producing countries have Joined the latest round of price leapfrogging, and Saudi Arabia's attempt to control the chaotic world market was in jeopardy yesterday. Iraq, Kuwait, the United Arab Emirates and Venezuela became the latest mamber
      Reuter  -  313 words
    • Article
      Lock icon Date to be set for autonomy talks
      351 5 UPI VICE-President Hosni Mobarak of Egypt departs for the United States today, carrying an important message from President Sadat to President Carter. Official sources said a new date for the resumption of the Palestinian autonomy negotiations will be set in the light of
      UPI  -  351 words
    • Article
      Lock icon Investigation into strength of US car industry
      692 5 NYT THE Carter administration is appraising the vitality of the American car industry and whether it can prosper without government assistance. The study by the Secretary of Transport Neil Goldschmidt, expected to have important implications (or the American economy in the 1980s, is
      NYT  -  692 words
    • Article
      Lock icon US confident Chrysler will get Eurocredit
      295 5 Reuter THE UNITED States is convinced that Chrysler Corporation's European bank lenders will agree to aid the motor vehicle manufacturer. A US Treasury spokesman said representatives of 30 to 40 foreign banks were briefed in Amsterdam last Friday on the terms of the US$l.5
      Reuter  -  295 words
    • Article
      Lock icon US rebukes France and UK
      837 5 NYT THE UNITED States on Tuesday rebuked France for failing to consult in advance of the French-Soviet meeting in Warsaw on Monday and criticised Britain for reneging on a Common Market commitment to block exports to Iran contracted for since the takeover of the US
      NYT  -  837 words
    • Article
      Lock icon Quebec votes against road to secession
      226 5 AP QUEBEC voters on Tuesday soundly rejected their separatist government's appeal for a mandate to lead them out of the Canadian confederation. In a strong vote of confidence in a future in Canada, the predominantly Frenchspeaking province voted 58 per cent to 42 per
      AP  -  226 words
    • WORLD IN BRIEF
      • Article
        INFLATION TO EASE
        417 5 INFLATION in the US, as measured by the consumer price index, is expected to slow to an annual rate of less then 10 per cent during the second half of this year. The director of the Council on Wage and Price Stability said the consumer price index
        417 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      689 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL SIA/BA SQ/BA17 0000 LHR/BAH MAS MH621 0836 PEN SIA SQ101 0815 KUL RBA BI421 0930 BWN MAS MH671 0930 PEN/KUL MAS MH606 1000 KUL SIA SQ2U 1000 HLP CPA CX710 1005 HLP SIA SQI03 1015 KUL
      689 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      4 5 (rmivt VSi\VViV>H Id v.i^ns
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      Page 5 Advertisements Column 2
      118 5 The outdoor condensing unit powered by famous GE Ctimatuff™ compressor provides the cooling refrigerant while the quiet indoor console unit delivers cool, comfortable air without bulky, costly ducts HKiiiiiiiiiiiiis &HIIH 4 n f I ISKf This GE System pumps and circulates the refrigerant through thin tubing that can be more
      118 words
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  • Article
    Steady supply of dry ice needed
    397 6 IN LESS modern times, keeping cool was an uncertain affair dependent on the availability of electricity supply and of ice. There was no guarantee that either would be readily available when needed. Strangely enough, even in this advanced age of supersonic travel and micro-miniature
    397 words
  • Article
    ECICS deserves to be commended
    241 6 THE Export Credit Insurance Corporation of Singapore (ECICS) has but four short years of life to its name. But in these four years, the corporation has taken decisive steps forward towards its vital support role in Singapore's continuing battle for export markets. New schemes nave
    241 words
  • Article
    Useful lessons from Hongkong
    1068 6  -  The Singapore Government's decision to allow the entry of at least one British law tirm to handle corporate financing has aroused fears of local lawyers that these foreigners will impinge on their "market" to their detriment. The Law Society asked the authorities to avoid making the
    1,068 words
  • Article
    A multi-tiered approach to the labour problem
    828 6  -  FORUM, WITH QUEK PECK LIM A FEW months ago, the Government unveiled a plan to be more realistic in the remuneration of civil servants. To arrest the spate of resignations, pay scales were raised, executive powers heightened for those lower down the ranks
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      168 6 Wendy Hutton's UfflT ....more than just a cookbook! Here, for the first time, is a local cookbook that lives you more than just recipes. More, too, than lots of fascinatinf and relevant information about Singaporean mgredfents and cooking methods. Singapore Food b unique because A puts Singapore's famed cuisine into
      168 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      908 6 RADIO Star-studded feature FRANK SINATRA and Robert Duval] team up tonight for the Thursday feature special entitled The Detective. This top-class thriller has an interesting plot a detective is promoted after solving a murder case involving a homosexual. But, he soon discovers, to his dismay, that an innocent man has
      908 words
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  • Article, Illustration
    Lock icon Restore old king coal back on the throne now
    1917 7  -  By MARTIN DICKSON FT on) KING COAL, the fuel which fell from grace in the era of cheap oil, is about to make a triumphant return. With all supplies uncertain and faith in nuclear power far from universal, the world is
    FT; Source:  -  1,917 words
  • Article
    STRAWS IN THE WIND
    156 7 FAMILY-runned businesses are all very well and good when relations between relations are cordial. But what happens when the family begins to feud? We hear that a family in the banking business is so badly divided up that a new employee was asked who hired her.
    156 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      456 7 THE NEW FORD CORTINA The magnificent 1.6 GL with advanced styling, engineering and safety features. Cortina 1 6 GL. engineered for the j supert- MPge of important advai ?ments In styinq Ahete every :yloci to look stunning as .-.ell as safety bene';! In contort .'.hi' ates the latest in. seat
      456 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        180 8 MAY 30 FU ABN 280.00 •3 Ahotd 96 20 -0.4 Akxo 2390 -0.1 AMEV VIM -0.5 Amlu 105.30 -1 Atnro Bank 92 80 -02 Berfoai Berk 38 50 ***** -as -l Bols •100 -09 Borsumg 1W00 3 Burhmann M00 0.5 Byenkorl it. 10 unch Calve Del ft 164 TO
        180 words
      • Article
        Paris
        271 8 MAY 20 Frs CORBEILLE Air-Liquide 531 •13 B S N Gervais Uanone 900 C S F I ThomsonCsf) 494 80 98 Cie Franciiw des Petroles 248 -1.6 Compagme Financier* Compagme Generate 375.80 I Credit Foncier De France 448 •2 Hachette (Llbrairie) 252 Machines Bull 81.80 1.4 Michel In (B)
        271 words
      • Article
        Brussels
        91 8 MAY 20 m FORWARD MARKET Acec 281 unch Arbrd 1980 unch Astur 480 5 Brascan 620 Bru-Lamb 1312 22 Canpac 954 8 Cock 216 1 De Beers 273 Ebes 1880 30 Electrobel 5780 -100 Gb-lnno-Bm 2300 -20 Gev 1088 -18 Hobok 2495 10 511Ox d -80 Ryl Dutch 2335
        91 words
      • Article
        Frankfurt
        222 8 may 20 Dm Aef-Telefunken 71 JO -0.1 Aluo 22 10 unch Alls Leben 880 00 t AIU Vera 378 SO -0.5 BASK ***** -1.1 Bay H T Wbank 220 OOB Roy Vbank 273 00 -2 Bayer 122.00 BBC 298 00 -25 RMW 184 OOB 1 a._lla ***** uncn Cl»m
        222 words
      • Article
        Zurich
        182 8 MAY 20 Francs Actions Suisses 281 Alusulsse Br 1120 10 Alusulur Krf 445 unch Brown Boverl Br 1W0 10 Clba G?i«y Br 1050 10 Ctba Oeigy P C >30 unch Clba Ueigy H 't M0 unch Credit Suisse Br 2156 10 Credit Suisse Reg 382 -1 Elektrowsll Br 2300
        182 words
      • Article
        Milan
        102 8 MAY 20 Lire Anic s» unch A mot Gen M200 1050 Bastofi 900 Central* ***** 320 Flat 1800 •1 Finsider TO ITS Gen lmmob 58.75 2 IFI Prl 2351 *m llulreigenti 520 Ilalgaa ZZIZT. 798 •M ILalsider 322 15 Magnrli M Pf M0 -30 Marelii Ere 337 -1.S Med
        102 words
      • Article
        TORONTO
        191 8 MAY 20 Cf AbtUbl 19 'i A Iran 9 AI go ma 28 uneh Bank Mont 26-. Bank Nova Scotia 28 Bell Tel 20'. unch Beth Corp BP Can Ltd Z 39 B rase an 24 4 Camp Red Lake 38*. Can Imp Bk 26'. Canpac 38'. Canpac lnv
        191 words
      • Article
        JOHANNESBURG
        298 8 MAY 20 Rand INDUSTRIALS A Alpha 308 J Aberrom 285 AE And CI 720 10 AMIC 2325 Barlows 1025 unc fi Cf Sugar iJSO rfcA 430B Currie finance 115 unch De Beers Ind 2850 50 Edcon 525B Edgars 6200 Kveready Ked Volk 305 5 Kugil 200 4-5 Gardian Gienanl
        298 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      629 8 See Page 4 for Tokyo stocks and Page 9 for NYSE prices Where to wine, dine and entertain Less to pay on our Weekday Package! How long attic* yWv 2 gCj Fm mny 1 inland but Mraca* •CXwgH mcharffOtSamcaCtMreat Own Cau at 8.15 )rat enert) Xfytrefat) at tip SaHt. 1
      629 words
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      Page 8 Advertisements Column 2
      173 8 1 11 ■A/1 U ri 'c »T 2 Ml f -a F r r. Ml j loi e 3 I XL Just the piece to be before e night out on the town. Loosen up end S unwind with e long cool drink from our well-stocked bar. 0 Music Time:
      173 words
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  • BANKING AND FINANCE
    • Article
      Eurasbank's Hongkong branch FRCD issue
      431 9 THE Hongkong branch of European Asian Bank recently tailed a US$2O million floating rate certificate of deposit (FRCD) based on the six-months interbank offered rate (Libor). This is believed to be the flrst time a Hongkong-based bank has issued a FRCD denominated in US dollars.
      431 words
    • Article
      Lock icon Currency co-operative
      167 9 Reuter JAPANESE monetary officials said the US, West Germany, Switzerland and Japan have been operating a co-operative to correct excessive rises or falls of major currencies, using a swap line network among them if necessary. They said the co-operative started at the time of the Carter package on
      Reuter  -  167 words
    • Article
      Chase is expected to cut prime rate
      262 9 CHASE Manhattan Bank My tower Ms pttae lending rale (PLB) te 12*4 per cent treat Ike eniienl is per cent wftMa Ike next twe days. IMs eeaMS an Ike keels «I PUt eats bj Citibank and OntMftOtee Banking Corporation, wke hetk In tkekr
      262 words
    • Article
      Investors await Fed's decision
      1069 9 NEW YORK NEW YORK stock prices closed mixed on Tuesday with investors awaiting a firm indication of what decisions the Fed made at its Open Market Committee meeting. The Dow Jones industrial average was up about a point but declines outnumbered advances by about seven to
      1,069 words
    • Article
      Lock icon Gradual fall to 12pc
      410 9 Reuter US PRIME rates will continue to decline, although less dramatically th»n recently, reaching a passible 12 per cent by the end of the year. Bankers Trust Company chief economist and senior vice-president Donald Woolley cautioned against US policy-makers nHng action before there is convincing evidence
      Reuter  -  410 words
    • Article
      Invitation to bid for Thai loan
      374 9 SINGAPORE based are a small group of financial institutions invited to pitch for Thailand's largest syndicated loan. The prise is the mandate for a US$325 million loan altering now being prepared by the Thai Finance Ministry. Some 10 leading international banks have been asked
      374 words
    • MONEY AND EXCHANGE$
      • Article
        HONGKONG
        173 9 THE U-S. dollar was sharply weaker yesterday against major currencies from New York closing levels. In moderately active late trading on early European selling pressure it followed weaker overnight Eurodollar deposit rates. The dollar touched a low 1.7810/300 marks before recovering to a late 1.7910/ 20 compared with an
        173 words
      • Article
        Treasury bill tender
        63 9 THE Monetary Authority of Singapore has Invited banks and discount houses to tender (or a total of $80 million 91-day Treasury bills to be issued (ram May 36 to May 30. The secood lot will be a total of |20 million 182 day Treasury bills to be
        63 words
      • Article
        PLR
        22 9 THE mr«|« rate at which major Singapore banks are earreally prepared to lead to their beet customer* is IS.I per cent.
        22 words
      • Article
        ASIAN $
        120 9 ASIAN ASIAN currency deposit interbank rates as at close on May 21: lis ssr^ar' svt s 93/18 91/18 9Vk 10H 10 H 10V. 10M 10H 10H 1011/161*6/16 SwJr*. Dm. /KIUL 1 month 3 months months 13 months \MMH rnM) •55 9H 63/18 911/16 61/16 6M 61/16 66/16 last bU (MUUb
        120 words
      • Article
        Discount
        43 9 RANGE at fhcm offered by discount boom am May 21: OvcraicM: TH-TS/IM CaD deport»: TVt« CM« M«MN 3-month Treasury bills 7v. 7* 3 month Bank bills 10H 10*. 3 months CD 105/1« 103/1« 0 months CD «15/1« *13/1« Source: National Discount Co
        43 words
      • Article
        Singapore market
        453 9 THE U.S. dollar took a beating against major currencies on the foreign exchange market yesterday. Falling US interest rates was the main cave of a weaker dollar. Against the Japanese yen, the US dollar plunged to 224.30/50 after opening at ZKJO. Speculation among Japanese expiate» that the dollar
        453 words
      • Article
        LONDON
        250 9 STERLING moved ahead strongly yesterday in opening dealings, reaching U&310O/15 at one stage, its highest level since February, compared with $2JBGS/15 oversight, dealers said. The movement was a reaction to further increases in producer prices for oil and to Chancellor of the Exchequer Geoffrey Howe's statement of commitment to
        250 words
      • Article
        GOLD
        279 9 IN Singapore gold futures closed lower yesterday compared with overnight levels, after fluctuating narrowly throughout, dealers said. Trading was light and news that Venezuela and other producers raising oil prices had little effect on the market, they said. Total sales for the day was recorded at 88 lots and
        279 words
      • Article
        TOKYO
        164 9 THE U.S. dollar for overnight delivery closed sharply weaker yesterday at 224.80 yen, compared with a 226.20 opening and 228.70 at Tuesday's close, despite central bank dollar-support intervention, dealers said. The Bank of Japan bought an estimated US$9OO at various points between 225.50 and 22L5Q yen, mainly in afternoon
        164 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      143 9 TOYOTA CORONA ztn introduce A /y This is a picture of a Toyota Corona Exclusive. It's a special bonus Toyota Corona with all these extras, at no extra coat: Indy 500 matt finish below the beltline and window frames, road style steel sports rim with 185x13 low profile tyre 6,
      143 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1421 10 BID aad offer prices officially ud bustnsse in and reported to tke Stock TThii o* Stagapore yesterday with tho aua» her of Ami traded aiMMTB la brackets la lots of l'flßD ualts. unless otherwtoe ip>r Med. SECTION ONI INDUBTBIAL COMMBBCIAL VW,i L
    1,421 words
  • Article
    Unit trusts
    131 10 The Commerce LB *3kd u£T Ttaa Savtafi Puad LS 1S j S'pora Prof Pnad 1.14 LS S>nlK.tad LS Ml iacm Fpara hvaat Vtad LS LCI S'porc Equity Puad LU HI Ffeitl UU UNIT TKJW priaaa fcr Ma? B> Third I MjJ Ivreat Fund IS Ufad rotrtk Malfttf Fad
    131 words
  • Article
    SHARE INFORMATION SERVICE
    2644 10 1M0 Hick Low Coayaaj Last Sale ■forGr*s DW DW C*tt Gr's TTd Net P/E Vel (•000) Day Hiek Lew SECTION ONE INDUSTRIAL ft COMMERCIAL 370 S3 140 183 334 80 m 406* as MS M 220 116 140 270 60 275 366 167 m Acma Alcorn Allied
    2,644 words
  • Article
    In Kuala Lumpur
    1794 10 BED and offer prices officially listed «ad hut— la and reported to the Kuala Lnmpur Stock Exchange yesterday with the number of share* traded shown ta brackets in lots of 1,000 units, antral otherwise specified. IMJUSIBIALO Aima (*****1 M) (1) lift sd AlaaßaM(lMß) AMD (8MB) Bats (IMB
    1,794 words
  • Article
    COMPANY MEETING
    22 10 Cwpwattm Ltd: EOGM to be held at 19th Floor, OCBC Centre, Chulia Street, Singapore, at 12 noon on May 24.
    22 words
  • Article, Illustration
    Stocks see return of confidence
    560 10 THE BfNGAPOBE stack —rket w dt b |M teamai ywtwiiy 88 wlert ed hTwritM reb«iaM (na their tmalgM Im. Brokers ■•ted that Mte antat aad their activity iiiHsiil sraiMu Am tatttel ssaae «f aerv•88B688 evtpmted aad tan tor ths better. By the earful the day,
    560 words
  • Article
    Shares close higher in KL
    364 10 SHARE prices rebounded from overnight weakness to close generally higher on the Kuala Lumpur stock market yesterday. Sellers were still around in the early session, forcing prices lower, but this was stemmed when light support Altered in after the midmorning round. A continued flow of
    364 words
  • LATEST RESULTS
    • Article
      HAW PAR Brothers Interna- tional
      65 10 has announced audited pre-tax profits of $12.45 million, a sharp turnaround (ram its previous year's loss of 13.93 million. Extraordinary items accounted (or $14.9 million during the year under review compared with $19.3 million previously. The directors have recommended a first and final dividend of
      65 words
    • Article
      THE directors of Premium Holdings Bhd
      54 10 have declared a final dividend of per cent in respect of the financial year ended Dec 31 ***** The final dividend will be paid on June X to shareholders registered on June 18. The company has also given notice that its register will be
      54 words
    • Article
      KHONG Guan Holdings Malaysia
      46 10 has announced audited pre-tax profits of $3.18 million ($2.98 mimori) for the year ended Dec 31, 1979. A first and final dividend of 15 per cent, unchanged (ram the previous year, has been recommended and books will be closed from June 11-25.
      46 words
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  • COMPANY NEWS
    • Article, Illustration
      Intraco still expanding
      720 11  -  By TOH SU FEN INTRACO, the governmentbacked international trading company which bee taken eflsctlve steps in recent years to penetrate new markets all over the world, remains and is not "unduly alarmed" by the generally bleak economic projections for the developed countries. With the expected slowdown in
      720 words
    • Article
      Work on new dredge starts
      277 11 CONSTRUCTION of a 27-cu a- 11, i n -a oucxet areage, me largest capacity buckets to be osed for tin dredging in Malaysia, began la February for the aew Joint venture company, Thnah Derma wan Senolriaa Bhd. Thnah Derma wan, owned 30 per cent by
      277 words
    • Article
      COMPANY BRIEFS
      128 11 WILLIAM Jaeks and CiaiHy will be replaced by Jacks International on the trading board with effect from today when the 10 million ordinary share* of $1 each in Jacks International will be listed for trading. THE FLOATING rate notes of PUkM Cable Weeks have been granted listing and
      128 words
    • Article
      DIVIDENDS ANNOUNCED
      640 11 Carreat Paymeat Bx Date Book* Cloee Date Payable Total for Total for tke year PreTioa* year Bate DaalopBet uW OUT lam DS*»U Xalta Mate SKA Corp Tractor* (M) 0 Beat OCBC 8ta* Darky PedCakie* Gleaealy UMVorki BBaya CAC Natlraa 8'waa< Shipyard Malakoff MCaMac 8t Tradia* U Bay U
      640 words
    • Article
      SIME'S NEW DIVISION
      160 11 SIME Darby is apparently planning a more coordinated involvement la the piopeity development business in the longer term. It is learnt that the Malaysian-baaed multinational is forming a property division under its director of corporate affairs, Encik Malek Merican. As is fairly well known, Sime estate acreage
      160 words
    • Article
      Higher costs cut CCM profits
      246 11 AS eueetel profits ef Chealekl Cibmh el Malaysia (CCM) IM» mm eader pw» la the am hall el tke eaireat n—Hal year. n«jra repealed ti erwflte I» MpJ mllliw lar Ike Oral tlx aisatks to inii«m> CCM ii m (Mtap an akHMßeStoty to wmtw la
      246 words
    • Article
      Queries
      111 11 PACIFIC Development Credit has been queried by tbe Kuala Lumpur Stock Exchange regarding the allotment of 2.8 million $1 shares in Malaysia Borneo Finance Corporation to one of its directors. Pacific Development has been asked to disclose the amount and terms of the consideration paid and whether the consideration
      111 words
    • Article
      Merlin Inn gets loan
      287 11 MERLIN Inn Johore Baru Sdn Bhd. which is now putting up a new multi-storey hotel in Johore Baru, has been offered a $4.5 million loan Jointly by the Pacific Bank and Oversea-Chinese Banking Corporation. The signing of the eightyear term loan, to be managed by the
      287 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      585 11 If II J|: ANNOUNCEMENT The Directors ere pleeeed to ennounce the results of the operations of the Company and the Group for the year ended 31st December, 1979 which are subject to final audit. The results include the Group's share of profits of associated companies and the comparative figures have
      585 words
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  • Article
    Sin Chew Jit Poh confirms newspaper venture
    405 12 SIN CHEW Jit Poh, one of the two leading Chinese dailies, has confirmed its interest in a venture to start an English newspaper in Singapore. In the company's latest annual report, chairman Mr Wee Cho Yaw said the company had decided to take
    405 words
  • Article
    Rank in army may enhance civilian status
    162 12 THE MILITARY rank that an executive holds in the Reserves may soon be related to his status in civilian appointments, the Minister for Defence, Mr Howe Yoon Chong, said yesterday. Speaking at a commissioning ceremony for graduates of the 10th Standard Military Course
    162 words
  • Article, Illustration
    Lock icon Demonstrations take their toll of lives
    608 12 MORE than 50 people have died in fighting between the South Korean army and demonstrators over the last few days in the city of Kwangju, south of Seoul. The city's residents, who are in complete control of the dty except for a few pockets,
    UPI photo  -  608 words
  • Article
    Ngee Ann Kongsi seeks to repossess property
    260 12 NGEE Ann Kongsi is seeking repossession of its prime Orchard Square property from Metro Holdings under a High Court writ in which it alleges breaches of its 99-year lease by Metro Holdings. A tough legal tussle is expected when Metro Holdings presents its
    260 words
  • Article
    Johore Bahru traders seek assistance
    314 12 THE Malaysian government has been urged to protect the Interests of traders whose businesses have been badly affected by the opening of the shopping complex at Woodlands late last year. If steps are not taken soon, many traders may be forced to wind up because
    314 words
  • Article
    LONDON STOCKS
    796 12 LONDON, Wed Stock prices closed quietly mixed and at 3 pm, the FT index was down 1.6 at 432.0. The strength of sterling and easier conditions In the money market made for a firm trend in government bonds where rises ranged to around H point, fresh demand pushed
    796 words
  • Article
    KL to be major cement exporter
    537 12  -  By RONNIE LIM MALAYSIA will become a major cement exporter when its three large cement plants come on stream between end-1900 and 1984. The plants, each of 1.2 million tonnes annual capacity, will easily double the current capacity of 2.2 million tonnes of the
    537 words
  • Article
    Lock icon Ronald Reagan clinches Republican presidential nomination
    216 12 Reuter FORMER California Governor Ronald Reagan has clinched the Republican presidential nomination despite suffering his biggest primary election defeat of the 1980 campaign. ABC and CBS television news reported that as a result of Tuesday's primaries in Oregon and Michigan, the ©-year-old Conservative now
    Reuter  -  216 words
  • Article
    Stumbling block to investing in Jakarta
    303 12 INDONESIA'S lack of credit information is creating a major stumbling block for many potential participants, although the country appears to be an interesting area for overseas investors and financiers. Panel members at a seminar on major Western export credit systems yesterday were extremely keen
    303 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      192 12 Fortune Made From Thin Air Addressing a seminar on 'Business Leadership in the 80's\ the owner of one of the city's biggest multi-storey shopping complex disclosed today that he owed his success to a little parrot and an Indian fortune-teller. Shortly after the shopping complex initially opened, it was a
      192 words
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      Page 12 Advertisements Column 2
      91 12 Be competitive. But be aware of the bad paymaster! Minimize risks when doing business. Consult Data Pool. We provide professional services in in-depth research and analysis on local and overseas companies advisory services for credit extension, marketing and competitive analysis, and for identifying potential for takeover and mergers up-to-date, reliable
      91 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      65 12 Outlook far Singapore from 6 a.m. to 1 p.m. today: Showers in a few places from late morning. Bejnrt for 24 tears prfor to 1M p.m. m May 21 at tke airport. Maximum temperature 31.8 Associated humidity 71 Minimum temperature 23.7 Associated humidity 92 Hours of sunshine 5.35 Rainfall in
      65 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon SCI to buy 19 new ships
        90 13 AFP THE state-run Shipping Corporation of India plans to buy 19 new vessels totalling 350,000 dwt, costing 1,650 million rupees. Shipping Minister A P Sharma told reportors in Madras, after a meeting of his ministry's Parliamentary Consultative Committee, that orders had been placed for
        AFP  -  90 words
      • Article
        Lock icon Extra-safe oil rig
        66 13 AFP AN extra-safe giant oil rig will be supplied to Mitsui Engineering of Japan by the Norwegian shipyard Einar Rasmussen Rederi of Kristiansand. The rig, with a crew of 500, will incorporate alarms to warn of metal cracks, 10 anchors instead of the usual eight, and an
        AFP  -  66 words
      • Article
        Lock icon Breathalyser tests
        99 13 AFP THE Western Australian state government will be urged to introduce breathalyser tests for people in charge of boats. Tbe move is being spearheaded by a ratepayers group in the Murray River area 90 kilometres south of Path. Members claim many visitors travel to a riverside hotel by
        AFP  -  99 words
    • Article, Illustration
      Getting the small vessels to fly the S'pore flag
      646 13  -  By LINDA CHEE THE Marine Department has introduced new rules to encourage more owners/ operators of smaller vessels such as tugs and barges to fly the Singapore flag. The new rules which came into effect on May 13 allow foreign-owned leasing
      646 words
    • Article
      INDEX TO ADVERTISERS
      556 13 Mpptag Liae P C«l Shipping Use P»«e Cat Adriatic IV 5 Flotta Lauro V 5 Afea VI 3 Fortune VI 5 All trans VI 5 Franco-Belg m 4/5 Alpac VI 5 Frota Line V 4 Angkutan VI 4 Fujiwara VI 3 ANL I 1 Ganry IV 5
      556 words
    • Article, Illustration
      More problems in Burmah Oil's LNG ventures
      625 14 SUSPENSION by Algeria of its liquefied natural gas (LNG) sales to El Paso of the United States has proved a double-edged sword for Burmah Oil. Although it is expected to stimulate demand for Indonesian LNG further. and thus provide additional business for Burmah's
      625 words
    • Article
      Container Schedules
      985 14 RECEIVING OF EXPORT FCL 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
      985 words
    • Article
      LONDON FREIGHTS
      1514 14 CHARTERING was on an improved scale on Tuesday, with rate levels very well maintained. Grain charterers booked cargoes from the US Gulf to Ghent at U5522.25 (flo) for June and from US Gulf to China at $44.50 tree discharge for spot loading, also from Northern Range to Rostock
      1,514 words
    • Article, Illustration
      Major new Australian port at Botany Bay
      1035 15 FOR more than 190 years, Sydney's Botany Bay has been overshadowed by the natural and deep, protected anchorages of Sydney Harbour (Port Jackson), 11 km north. Botany Bay was originally intended at the site for the first European settlement of Australia in 1788.
      1,035 words
    • Article
      SHIPS IN PORT
      329 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bang Saen (Tanker) (after Palm Sea Horse, P/O, subject gas free)l3/14 Clifford Maersk (0600 after Jalamudra) 38/39 Cbosei Maru (Ro/Ro) (0900) 15/16 Hoegh Opal (0530 hauls, 64m east, after Dong Kwang sails) 6/7 King Lion (1700 after Thai Rainbow) 23 Liu Pan
      329 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      3176 19 SHIPPING LIST where your ships are due and when SCmDBIB 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
      3,176 words
    • Article
      Lock icon Two gang members arrested
      120 20 UPI PHILIPPINE Government troopers have arrested two members of a pirate gang suspected of killing a British merchant sea captain. Constabulary (national police) officials said the two suspects are members of the eight-man "Morning Glory" band. They were seised on Monday evening from their hideout in
      UPI  -  120 words
    • Article
      Lock icon Strike in Lisbon
      109 20 Reuter PORTUGAL'S 4,500 port workers began a three day strike on Tuesday to back demands for the revision of a recent labour agreement. The port workers, who include most port employees except dockers paralysed port activity during a twoday stoppage last week and have since maintained an
      Reuter  -  109 words
    • Article
      Ro-ro, piggyback systems set for dynamic growth
      512 20 RO-RO and piggyback transport systems based on the US are set for dynamic growth in the next decade. The forecast, based on extensive market research, comes from Transamerica Realco Inc of Chicago, said to be the largest intermodal lessor of trailers in the
      512 words
    • Article
      Lock icon Crew trapped in cargo ship
      165 20 AP TWO trnnni were killed aad two ethers were believed trapped ia their quarters whea Ore swept through the Greek earge vessel, Aegb MaJemOe early Tuesday, fire said. Ose sf the dead was Identified as Dbattrisas Haass, first sfßeer, aecerdtag Is the South Afrieaa Broadcasting
      AP  -  165 words
    • Article
      The Consortia
      134 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 Vang Shipping. ANRO (STRAUS/AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedlloyd Lines. Neptune
      134 words
    • Article
      WORLD SERVICES
      254 20 EUBOPK-Bouth Pacific: Hamburg-Sud have extended their Columbus Line service to the South Pacific to include calls at Samoa, Fiji, Tonga, the Soloon Islands and Papua New Guinea in addition to their previous calls at Tahiti and New Caledonia. The line has assigned the two 14,900dwt conventional vessels Santa
      254 words
    • Article
      ITF wins £3 million back pay in two years
      259 20 NEARLY £3.1 million back pay has been recovered in two years through action by UK affiliates of the International Transport Workers Federation in the campaign against poor wages on flag of convenience ships. The National Union of Seamen's journal, The Seaman,
      259 words
    • Article
      WHO ACTS FOR WHOM...
      1427 20 The leading shipping lines operating from local ports and the agents who handle cargo bookings for them. A-B Adriatic Caatalnar Continental Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agencies (S)/Euto-Aju Line (PK/PN). AIM C. Tsenfcr Sea Consortium (S)/Marintex Enterprise (PK). AJaae Intrasea (S)/Yeo Shoe IMI Trading
      1,427 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      203 13 TANK CLEANING Whether you are sending it to the DOCKYARD for repairs, the SCRAPYARD tor scrapping or making a CONVERSION consult: PIRAEUS MARINE SINGAPORE PTE LTD 1 R!) I\ 1 I \H rjmNo Orient Overseas Co*dci*teA. Line nu sm ri*« 25/5 26/5 30/5 31/5 3/6 4/6 8/6 9/6 15/6 16/6
      203 words
    • Advertisement
      Page 13 Advertisements Column 2
      230 13 fisii SEALORI) ANTAH m lIASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES Kuwait 4/7), Abu Dhabi 7/7). Doha (10/7) Dubai (1/7), Dammam (4/7). Abu Dhatx (7/7). Kuwait (10/7). Mina Qaboos (13/7) Dubai (24/7). Dammam (27/7), Kuwait (30/7). Doha (2/8). Abu Dhabi (5/8) ni/rn'T AL ATtfER 121 FULLY CONTAINERISED SERVICE
      230 words
    • Advertisement
      Page 13 Advertisements Column 3
      26 13 mm I CONTAINER Schedules H LONDON Freights U/m SHIPS In Port UI SHIPPING list VH REGIONAL Weather vm WHO Acts For Whom Vm WORLD 5ervice5................................. VDI
      26 words
    • Advertisement
      Page 13 Advertisements Column 4
      588 13 cnan Alqori.in N.ition.il Liih' WE SERVE MEDITERRANEAN AND ALGERIAN PORTS [n MMQRC TBMB ft TMBMB MEKTPILLIB. Tat *****4 (5 lines) SINGAPORE MAERSK LINE EXPORT TO UA PACIFIC, GULF, ATLANTIC, EAST CANADA AND ASIAN PORTS Salad 2S-M/5 1-2/1 11-12/6 15-IC/S Support flown Tunes. *CY 27/1500 hrs CFS 27/0300 Jw TO ARABIAN/PERSIAN
      588 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      598 14 LEO SHIPPING PTR LTD SINGAPORt PERNAS-MISC SHIPPING AGENCIES SDN BHD PORT KEI AND PENANIi 1) Barcelona. Gam, 2) Amsterdam Antwerp, LHaert. Bdbaa. BHit, UK, 3) Bremen. Bremenhaven, Aarhas. Copenhagen MswAi 4) ItalM, Stockholm. Oslo. •Accept** Europe c*p> lor feeder m S pore. *Aho drect carp lor Sport I Bangkok fern
      598 words
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      Page 14 Advertisements Column 2
      133 14 0» SUPERCARRIER SERVICE WEEKLY BERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA KhN ftb •25/5 •25/1 TSTOK CM Mm la* 2-3/6 2/7 7/7 5/7 1711/$ 17/7 22/7 24/7 23/7 2/1 ft/t t/S tan N tat M 11/7 12/7 25/7 27/7 10/S u/t St Ma R. Ort. MMi IMM 17/7
      133 words
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  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      559 15 Overseas B BB U Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Maa ttm U tMe S'ton PMa| Span Mt Mt Mri faM W faM kM SM* IK. U. W >M Uri SM Sk( W.U W kW faM faM-: lAai W.KS faM
      559 words
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      Page 15 Advertisements Column 2
      285 15 THISWEEK! Loading for Europe every Tuesday Arrivals from Europe every Wednesday With weekly feeder services to/from Port Kelang and Penang Agents NedDoyd EAC SINGAPORE Tel: *****1 KUALA LUMPUR Tel: ***** PORT KELANG Tel: *****177 PENANG Te1:*****6 J. BAHRU Tel: ***** Scan Dutch IST CLASS CONTAINER TRANSPORT KOKMMCEM 25 Mr T.B
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      Page 16 Advertisements Column 1
      506 16 Hapag-Uoyd 13/6 15/6 16/6 11/6 19/6 21/6 22/6 24/6 25/6 27/6 21/6 30/6 2/7 1/7 30/6 29/6 4/7 6/7 9/7 9/7 11/7 12/7 14/7 10/7 12/7 13/7 15/7 11/7 20/7 21/7 23/7 19/7 21/7 22/7 24/7 RUT CONTMCKa 10 GENOA/TRESTE ni m sw» p. fe«M 17/5 19/5 24/5 2! 23/6
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      Page 16 Advertisements Column 2
      614 16 KOREA SH,mNG LINE HIPPING CORPN P. Katang VEGA ***** 30 May/2 Mm VEGA 150E 30 May/2 June ALTAR 153W 11/14 My ALTAR 154 C 11/14 July 3/7 JIM FOR BUSAN BANGKOK 3/7 Junt TO BUSAN 15/19 My FOI BUSAN BANGKOK 15/19 July TO BUSAN MCHON PENANG CALL SUBJECT MOUCEMENT (SC
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      Page 16 Advertisements Column 3
      515 16 EVERGREEN LINE FAR [AST FUROPE EXPRESS FULL CONTAINER SERVICE ACCCPTMG CARGO FOR: HAMBURG. FELIXSTOWE. ROTTERDAM ANTWERP. IE HAVRE ALSO ACCEPTING CARGO FOR {MTEOIUNGOOM SOUTHAMPTON, LONDON. MANCHESTER. BtRMMGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BKMCMAVEN HOLLAND AMSTERDAM EUROPE FAR FASF FXPRFSS HILL CONTAINER SERVICE ENINM Cw Wrtanr rrm Hmi tafOHka tan
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      Page 16 Advertisements Column 4
      407 16 r c > .< j Everett Lines f* Burma Frvt Star Skipping Corp*. "BURMESE NATIONAL LINE" LOADING FOR RANGOON gg" mmmm, 9M. a/a/Hlky MTMfTAWTN am? 1 /a B.F.S.S.C. Agwtft in Moloyiia: TEPS MALAYSIA (SJT>) A.C.I.F. \J*WJ "ARGENTINE NATIONAL LINE" LOAOMG FOR DURBAN. CAPETOWN**, BUENOS MRES rtm MCTORM I 13/14 Jm
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      Page 16 Advertisements Column 5
      448 16 ■■■■MuJMkJI T mo.si OCEAN SHIPPING ENTERPRISES PTE LTD 131 SANKYO LINE AUSTRALIA SERVICE P. Kab«| Sinpm Lnfc« tar 11/12 km 13/15 km $TD, MEL. M BANGLADESH SERVICE 15/20 Jim CMTTAGONB, CHMJM JAPAN/STRAITS SERVICE M. AtfMATHN tST ItST OCEMPK 27/2J May 30/31 Hay "J" 21/31 May 24/25 lb? 21/27 May ISSSSSF
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      722 17 PIL GROUP EAST AFRICA/REDSEA SERVICE SING APORE/CHITTAGONG/RANGOON/SERVICES Loading For CJuttajone, Madr» SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES SINGAPORE/INDONESIA/SINGAPORE SERVICES \,Ik.AZ S E A. Container Feeder Service SINGAPORE/HONGKONG/MANILA ACCEPTABLE LCL/FCL CONTAINERS/ ALSO AVAILABLE 40-FT REEFERS. FOR HKG HUES N«p. Zircon tS/VN 18 May 22 Nap. Topaz 10S/11N 28 May 1J Nap. Zircon 106/11N lOJuna
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      Page 17 Advertisements Column 2
      560 17 rrc> BEN LINE CONTAINERS EXPRESS CONTMO SERVICE TO/FROM EUROPE H-MK B HAVIN ROAM HAVtt SOTON Sport P. KaM| RGnutf/ Austria Aatvtrp Franc* Al U K kW 12/ C 1V( 1V« 17/1 IVI 27/5 14/1 14/4 17/1 11/ l 21/4 2V5 M/ 5 15/1 21/1 a/I 24/1 17/1 vi a/i a/i
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      Page 17 Advertisements Column 3
      643 17 Iff! I Scan Dutch? WEEKLY EXPRESS CONTAINER SERVICE fmtm fmtm M ran l)lTMto2)r*Mi 3)Htof|4)6Mi IOAWA24/S m NED HOOM 27/S 10/ i 15/4 11/ l 17/1 IOAHUA24/S MM TOUKOHC 1/1 73/1 25/4 2S/C I omua ?/r mm nmw 10/1 a/s jg/t 1/7 3/7 I Pf)MGAI4/l WMKM 17/® 2/7 7/7 1/7 l*/7
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      Page 17 Advertisements Column 4
      419 17 Tr BOUSTEAD SHIPPNG AGENCIES U.S. GULF COAST SERVICE (New Ortoans, Mobie, Houston, Galveston) Stagapare P. fata* IB 0* mm LTKES (*ck t Mi) 24/25 lb; 21/27 May 30 Ml UMK LVKES (dbdi t Mi)_ 20/22 Mi 29 My U.S. NEST COAST SERVICE (Seattle, Tacoma, Vancouver 8.C., Portland, Lonptew, Lonfbeach, Los
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      667 18 KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA mimr n 9 Nona kssls Mb to 2M 24/5 29/5 Amto to 7/1 9/4 I ton— to M 11/ C to Mm rm TV U X NT 12/ C 22/1 17/4 27/1 14/1 1/7 24/1 V 7 39/4 11/7 N/4
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      Page 18 Advertisements Column 2
      437 18 CAUFOONU/PACfK NORTH NEST SERVICE EXPRESS CONTAINER/REEFER SERVICE u» ma sm ntMcsca »mi taconr. ikaHh* Fayra Mi*i P UM( Smpfgri 23 *r 14 Hn 14 JM IS JW IX. AUSTRALIA EXPRESS CONTAINER SERVICE oumMl Fa/ra i lM*|krl imuiai Bum < I 1 Ti lifci ssr i m JAPAN SERVICE VD RIME,
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      Page 18 Advertisements Column 3
      360 18 V SINGAPORE SHIPPING AGENCIES PTE LTD FLOOS OCE AN fIuiLOING SINGAPORE AR .V '3 UNE Si GE NEPAL qijiii <1 4 IINE Si S RS <SSbB A B C ARSHIP CABi E CARGOSMIP container Linrs IN WEEKLY CONTAINER SERVICE to/from BANGKOK VOY BOUNTY 235/24 M BOUNTY 245/25N BOUNTY 2SS/2CN BOUNTY
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      Page 18 Advertisements Column 4
      516 18 BORANARD LIME INDEPENDENT A TTRACTIVE RA TES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CARGO FCL ONLY FOR POUT SAID. ALEXANDRIA. BEIRUT LATTAKIA. UMASSOL. ISTANBUL PIRAEUS Specially engaged agents A stevedores providing immediate discharge UNON MM YOK V. 3fN FORTBM STN VJM I Part Mi AhuMt M.V. MM TAT 3IE. M.V.
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      Page 18 Advertisements Column 5
      570 18 iMiayiarim. i>:», yi.: rwi f INTRASEA (PTE) LTD fab House 234E Orchard Soac Smqapor* 9 Telephone *****11 '*****57 sTS REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE Vpm P.MMI r*m 9May 24 Mr ATLANTIC NAM W1T.... 29 Acwte mu» (PIE) LID 2352C11 HOOK 2J94H7 K Lmp*- YED Mil ft IMMt 4M544.
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      754 19 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE »n,a« conso. TO EUROPE/UK (VIA SUEZ): S'por* ***** Havre RDam F'stowe Ifburg Brim A'werp K. JACERN+ 25/5 26/5 13/6 14/6 15/6 18/6 19/6 21/6 IWaMDGE 30/5 31/5 18/6 19/6 20/6 22/6 23/6 26/6 N. PEARL 3/6 4/6 22/6 23/6 24/6 27/6 28/6 1/7 C.PAUI 8/6
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      142 20 then Stopping Times is me ngm davcnising mecfiunforyoii. If you're a freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has just the space for you. You'll be reaching a very select group of people. People who need your services. People who need to know
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      168 20 rFTrr^r :W: Regional Weat M *S x x;-: w m wmM i X t (Z4 *A m x*. A As J ft m >1 ywy SKJNIFtCANT WEATHER AND SEA CONDITIONS AT 7.30 AM. THIS MORNINQ. *c On w ui... Wind direction with speed in knots Dew point C Wave height
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