The Business Times, 23 May 1980
1980-05-23
1
20
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The Business Times
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Title Section10 1980-05-23 1 BUSINESS TIMES M.C.(P) No. IM/1/M FRIDAY, MAY ISM 50 CENTS10 words
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BRIEFLY...
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Article65 1980-05-23 1 KUALA LUMPUR, Thurs. All government servants will receive a civil service allowance under a revised salary scheme, the draft of which has been passed by the Cabinet. Deputy Prime Minister Datuk Seri Dr Mahathir said the allowance, different from the cost of living allowance, is in recognition65 words
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Article73 1980-05-23 1 UPI TOKYO, Thurs. Prime Minister Masayoshi Ohira's governing Liberal Democratic Party (LDP), in a move aimed at restoring pre-election unity, has decided against punishing 69 party rebels who helped bring down the government last week. LDP officials said the party will endorse the candidacy of the dissidentsUPI - 73 words
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Article50 1980-05-23 1 AP V TOKYO, Thurs. US Ambassador Mike Mansfield said the US will continue to support the embattled South Korean government "as long as necessary". His comment was in response to a reporter who asked how long the US planned to back a government which obviously lacks popular sup-port.-APAP - 50 words
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Article62 1980-05-23 1 AFP TEHERAN, Thurs. The Iranian government has decided to launch a major offensive in Kurdistan to force "the total surrender of that rebel province/' government sources said. Ten days attar taking control of the Kurdish capital of Sanandaj, government forces made it their operational base to normalise theAFP - 62 words
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Article69 1980-05-23 1 UPI NEW DELHI, Thurs. Afghan soldiers have sealed off three or (our of Kabul's high school campuses to keep students off the streets, fearing a possible repeat of violent protests like those three weeks ago, a repot from Afghanistan said. Thousaridb of girl high-school students shouted anti-SovietUPI - 69 words
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Article66 1980-05-23 1 AFP LONDON, Tiiurs. Women workers, mainly Indians, today an efcht-month strike at a chewing gum factory in Slough, west of London, when they won a fight to form a trade union branch. The owner of the firm had refused to allow a branch to be formed. But agreementAFP - 66 words
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Article92 1980-05-23 1 AP NEW YORK, Thurs. Stock prices rose in early trading after slipping in the previous session. Analysts said declining interest rates helped buoy the market. Chase Manhattan Bank, the third largest commercial bank in the US, today lowered its prime lending rate to 15.5 per cent from 16.5AP - 92 words
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Article137 1980-05-23 1 Rites Indices Mum Corps 1010 75 May 21 May 22 C MMft oclc PMC 550 no 885 70 80 50 B.T.Indicator: 4706.82 4785.32 Industrials: 499.56 507.54 SfffiSS 1100 40 Finance: 878.76 897.76 1020 40 Hotels: 446.11 449.11 TiMk Cement 478 38 Properties: 371.13 376.89 K G Hide*137 words
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Article, Illustration149 1980-05-23 1 Rises Indices Matsushita 680 +70 May 21 May 22 C Sunn 560 885 +66 B.T. Index: 7859.18 8158.29 o.cbx:. +60 Industrials: 576.86 587.22 Magnum Corp 1010 +60 Finance: 799.99 822.58 Sg Bagan 500 +60 Hotels: 370.96 371.14 P.hLC 690 +40 Properties: 407.33 411.73 M.U. Ind 796 +35 Tins:149 words
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Article711 1980-05-23 1 QUEK PECK LIM - NEW MANAGEMENT STRUCTURE By QUEK PECK LIM SINGAPORE'S central bank will take its first step towards realisation next month. On June 1, key departments of the Board of Commissioners of Currency (BCCS) and the Monetary Authority of Singapore (MAS) will be integrated to pave711 words
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Article231 1980-05-23 1 THE third-phase study repart of the proposed mass rapid' transit system for Sinaanore may be made public ifx August. A proposal has been put forward that the Government publish an official copy of the report. But it is likely to be no more than231 words
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459 1980-05-23 1 LEE YOKE MENG - By LEE YOKE MENG THE EXPORT Credit Insurance Corporation of Singapore (ECICS) and the US Export-Import Bank (JJdmbank) are now finalising two co-insurance deals involving capital equipment to Indonesia. At the same time, negotiations on a reinsurance agreement will be resumed when senior officials of459 words
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Article296 1980-05-23 1 IN LINE with its current interest in property, Sime Darby has bought two additional sites in Jurong. They are a 5,400 sq metre piece of land at Lorong Tukang Lama to relocate its subsidiary, Malayan Bitumen Products Singapore, and a 16,000 sq metre site in Jurong296 words
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197 1980-05-23 1 THE ttßgipm stock market tin to a ww ytw jwicnMij mm m Muun bant at baytog teak eertala With Ike iffvart rctan at enMeaee, aaattty Imm ■ill iaator ilgtt gtlai, Iwidlag «karp rtoe to tke Stralte Hmei liJmlilil latex af 7 Jl197 words
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492 1980-05-23 1 TON SU FEN - By TON SU FEN THE Singapore Bus Service (SBS) is seeking alternative sources of revenue and more cost saving measures to meet escalating costs of operations. Unless the company can find new sources of supplementary income to help fund its fleet and facility492 words
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Page 1 Advertisements
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Advertisement6 1980-05-23 1 iiTa/ jcjji PPC does it al. _]_",`[@</,\[)`^]'<!`><,^?(-+,`6 words
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Advertisement214 1980-05-23 1 THE TURN IN METALS And Where to Expect the Next Big Gains A new producer in the Witwastersrand GOLD belt near Johannesburg appears ready to come on stream with its .3-oz. ore worth more than the richest South African highgrade during earlier mining booms. The stock in question near %2214 words
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Advertisement74 1980-05-23 1 mm SHIPPING TIMES 80 yM think y»u cut get WHY OUB enjoys the highest away It— H mil I T TT t II THE trenhle with retell banking ANALYSIS «f the rally en the in the UK 7 SES II YEN may yet reach the 2M MALAYSIAN grenp te acquire74 words
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Advertisement230 1980-05-23 1 AM WIC AN If Kf PI Tkxi\ leave home without k ABQ Ist Quarter 1980 Malaysia's investment incentives: need for change Malaysia has been quite successful in attract ing foreign investments to help power the country's industrialisaflon programme. But foreign investments remain mainly capital intensive despite incentives to encourage labour230 words
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TRADE AND INDUSTRY
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Article348 1980-05-23 2 SEMINARS AND COURSES 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 Living, Room 37C, Waterloo Centre, University of Singapore's Department of Extramural Studies May 29-30: Credit Management, Century Park348 words
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Article345 1980-05-23 2 SHELL Refining Company (POM) has received approval from the Malaysian Ministry of Trade and Industry for the construction of a second platfonner to enable the refinery to achieve its rated capacity of 90,000 barrels per day. A platfonner is a processing unit which upgrades naphtha, a345 words
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Article, Illustration230 1980-05-23 2 MORE than 100 contractors from Singapore, Malaysia, Indonesia, Thailand, the Philippines, Brunei and Taiwan are attending a threeday demonstration of a new range of heavy construction equipment in Singapore this week. The range from Volvo BM features eight different models, ranging (ram 8 to230 words
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219 1980-05-23 2 RUBBERPLAS *80, Asia's first international rubber and plastics exhibition, to be held at the World Trade Centre on Monday hps received overwhelming support Exhibition space has been completely sold out, with stands booked by more than 180 exhibitors from 15 countries. The total exhibition area219 words
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190 1980-05-23 2 FIFTEEN experts in the field of metal engineering will present technical papers on the various advances made in welding technology at a conference to be held in Singapore in July. The conference is organised by the Singapore Welding Society and will be held190 words
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Article, Illustration281 1980-05-23 2 A NEW IBM 4341 computer the first in South-east Asia was commissioned in Singapore earlier this week. The new IBM 4341 computer is the larger or two models in the new 4300 series of middle-scale computers first launched by IBM in January last year. The new281 words
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Article249 1980-05-23 2 A TOTAL of 127,274 tourists visited Malaysia in February, a 27.5 per cent increase over the same month last year. The Tourist Development Corporation of Malaysia said the increase should be viewed in the light of the smaller number of visitors in February last year. Compared249 words
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Page 2 Advertisements
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Advertisement418 1980-05-23 2 PHILIPS •> f r H At a gjaoce: The mimberof letters, special instractioas, automatic cue. And more. Integral indexing strip End-of-letter marks Priority message marks v? I)hßps the innovators in dictation systems present a very significant advance: The Philips Visual Mark and Find Dictation System. Only Philips has the Visual418 words
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Advertisement51 1980-05-23 2 Valuations for all purposes including balance sheet, taxation, mortgage, sale, purchase, rental business transfer, liquidation, compulsory acquisition probate, rating and fire insurance Sales conducted by private treaty public auction or tender For details consult Plant Machinery V.iluer Mr Michael Lui Pla Mach n tand inery CITY VALUERS CONSULTANTS (PTE.) LTD.51 words
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REGIONAL
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346 1980-05-23 3 AFP SAUDI Arabia is keen to secure a long-term supply of palm oil from Malaysia (or Its Msl76 million vegetable oil factory in Jeddah which is now nearing completion. The Parliamentary Secretary to the Primary Industries Ministry, Mr Abdul Rahim Thamby Chik,AFP - 346 words
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290 1980-05-23 3 AFP THE MALAYSIAN Chinese Association (MCA) and the Sarawak United Peoples' Party (SUPP), another Chinese-based party, have begun talks to forge closer links, it was reported in Kuala Lumpur yesterday. The move could eventually lead to a merger of the PeninsularAFP - 290 words
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140 1980-05-23 3 Reuter MALAYSIA Is finalising a comprehensive natural rubber production policy to ensure that it will maintain its position as the world's leading producer in the 1980s. The Parliamentary Secretary to the Primary Industries Ministry, Mr Abdul Rahim Taraby Chik, said the policy is necessaryReuter - 140 words
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234 1980-05-23 3 AFP JAPAIPB trade wttfc Sonth Korea will deelne la Ike wake ef the present poMeul turmoil waleh Japanese traders believe may spar eesnomle Barest In that °*MaJer trading hsases In Takyo iy they earn* Mp trade deals with Bouth Korea snderAFP - 234 words
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166 1980-05-23 3 AFP CHINA ti thinking of haying evade «0 IMrnrdt despite the than d ipi»matte relstlino between the two eonntrtoo, the Smmtk re parted yesterday. QnoMng aroee elese to an tataedaa ail eempaay", rnniasij*SSSft fln deal by nrrmpMiiwn in anderwny and meetings are expectedAFP - 166 words
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Article427 1980-05-23 3 FORMAL ADOPTION TODAY Reuter JAPAN yesterday agreed to impose further economic sanctions against Iran in support of US efforts to tree American diplomats held hostage in Teheran for the past XO days. Prime Minister Masayoshi Ohira convened a meeting of key economic cabinet members toReuter - 427 words
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112 1980-05-23 3 UPI INDONESIA recorded a US$3.7 billion trade surplus for the 1979-1960 fiscal year. Finance Minister All Wardhana reported to parliament on Wednesday that both imports and exports have sharply increased during the past fiscal year ending in April with the trade balance largely inUPI - 112 words
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THE REGION IN BRIEF
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Article476 1980-05-23 3 FOREIGN investment in the Philippines during the first quarter of this year amounted to 188 million pesos, up from 60 million in 1978. Europeans invested 90.49 million pesos, the Americans 47.82 million and the Japanese 14.11 million, the Board of Investments said. ASSOCIATION af SmUkmsl Aalaa Nattoaa tai476 words
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Page 3 Advertisements
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Advertisement104 1980-05-23 3 YfPfc!:!"?- Witt"} 1 f' wt fl* > w* MMM X'i r 1 dJh ''■'W «fc We've the family flavour... 3**2* s"*" r 5 /VW i 1 IV' It's our big difference at Kelong Thomson Restaurant Food, glorious food, for the family' Sumptuous seafood fresh-caught from the kelong and barbecued, fried,104 words
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Advertisement251 1980-05-23 3 I w 6t IMP* 1 V o 1 3 < :■-•>■• ry# ■Mitm i:. jUft /> •c i i >*##¥ ■jrtf t '>-'^ 7 >a r" lT r T rzT-i > M| '■-J*#-,■■**■ sria? *«fte In a Volvo Ws hard to take the family foraspin. A twisting mountain road. An251 words
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RAW MATERIALS
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314 1980-05-23 4 AFP AW improvement in the output of wheat in Continental Africa will depend on reexamination of production techniques and more immediately on reducing heavy post-harvest losses, the International Wheat (IWC) Council stressed. While these losses vary widely from country to country, asAFP - 314 words
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Article184 1980-05-23 4 TARN and cotton prices were quoted as follows in Hongkong yesterday: (la HK dollars, «pot ex-go-down) Cetfcn yars: Rhi» Phoenix 2CS 2J00; 32b 40b 2,850 (per bale of 400 lbs). Flm (Mis: Carina Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower aad Butterfly unq; Flying184 words
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Article229 1980-05-23 4 THE Chicago Board of Trade soybean futures cloned US V« to 2 Vi cents a bushel higher fat mainly local trade on Wednesday. Prices settled In the middle of an eight cent range. Spillover buying from ail futures lifted prices off the day's lows, traders said. Light crushing also229 words
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Article353 1980-05-23 4 THE rubber market in Singapore yesterday closed higher with June One RSS buyers quoted at 278.00 cents per kilo, up 5.50 cents from Wednesday's close, dealers said. Morning prices were marked up about Ave cents on higher London advices and some covering demand, they said. Afternoon prices gained further353 words
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Article288 1980-05-23 4 R.A.8. prices In cento per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 273.00 274.00N Int. 1 R-S-S. June 276.00 277.00 Int. 1 R.S.S. July 280.00 281.00 Int. 2 R-S.S. 273.00 274.00N UK/Coat ***** 273.00N Int. 3 R-S-S. 270.00 271.00N UK/Coot M.00 270.00N Int.288 words
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Article107 1980-05-23 4 I 1 i ■Hi Jay ■AS <Camat*MU) l»«w«S Mth) Birtn Mm B«j«n Salter* mat 10 (1-taa pallati 1 m00 J87 00N 267.00 209.00N SSR10 (1-tao 1 362.00 164.00N moo mooN midj Jam Jmlr SMR ev (i -tan paM 1 314.60 326 .SON 324 so maoN SMR l107 words
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Article127 1980-05-23 4 Reuter PRICES in the rice shipment market in Bangkok have risen US$lO per tonne for all grades, following a government announcement recently that exporters buy paddy between June and August 31 at governmentfixed support levels. Fixed paddy prices range from $170 per tonne for 100 perReuter - 127 words
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Article44 1980-05-23 4 THE Straits tbi priee la Pemg reee MPI per pleal to |8S ibm the lateraatlsaal Tbi Agnemcat celling, dealer* mid. The firmer seattmeat was attrttatoi to reaad US' plfy maai despite late easier Lsadsa eaadtttoas and iaercased eeatrlbattoa sI tie are fram44 words
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Article79 1980-05-23 4 THE MALAYSIAN IflHHir of FV duo( has fixed thene rates lor the period from May 22. until farther aeQce: Mllw: W7V. ooMs a kilo; OiHii Mim.l7 a tome; Pkla Mi MBS-TS a torn* Wm»|iHir KMgatat; The rates at doty payable are: Batter: ItH cents a kilo (reasarch oaes79 words
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Article38 1980-05-23 4 Rubber; May 32 Singapore: Jane: 278.00 cents (ap 5.50 eeats) Malaysia: Jane: 882.00 cents («p 8.50 cents) Tin: Ms2£3o (up $30) (equivalent to $38.87 per kilo) (ap 48 cents) Official offering: 175 tonnes (ap 22 tonnes)38 words
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Article206 1980-05-23 4 THE Chicago Board of Trade wheat futures slipped US2 to V« cent a bushel at Wednesday's close. Prices settled on the low side of a 10 Vs cent range. Local liquidation in the relatively thin market weighed on values, traders said. Prices fell off the day's highs when local206 words
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Article172 1980-05-23 4 CHINESE Prsdaee Exchange, aagapere, etoetag prises per lMkg yesterday: Caesaat all: Bulk fob $137.50 sellers, old drum (in second hand drum) fob 1147.50 sellers, new drum fob $***** sellers. Capra: Mixed (loose) 179.00 buyers. Pepper: Muntok white pepper fob Asta NLW $495.00 sellers, Sarawak white pepper faq fob172 words
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Article913 1980-05-23 4 COTPILE.: Robust* futures closed yesterday morning with gains from Wednesday of £16 to £10 per tonne after opening with losses of around £5. Turnover was 1392 lots including five options. Dealers said producer group buying coupled with some trade scale down support pushed values higher in an otherwise913 words
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Article332 1980-05-23 4 9NGAPOBB: Yesterday's closing prices in S$ per kflo, ei-godown: THAI WHITE: 100 per cent first class (Kangaroo) sew crop 1.05, 100 per cent second class 0.90, 100 per cent third class 0.88, S per cent new crop 0.80, B-10 per cent 0.«. THAI BROKEN: A-super 0 63, Special no332 words
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Article144 1980-05-23 4 VALUES (ell on continued lack of support in quiet trading yesterday, dealers said. Pakistan's purchase of 5,000 tonnes of neutralised palm oU at U*****.80 for first half July, C&F Karachi, failed to check the decline, they said. In the southern and central regions, June slipped Msls to $900144 words
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ASIAN STOCKS
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Article623 1980-05-23 4 TOKYO Source: DBS-Daiwa THE market advanced for the third straight day yesterday. In the morning, some stocks encountered profit-taking due to cautious investors against yesterday's sharp advance. Speculative issues regarded as political stocks were heavily bought. High-priced blue chips lost ground on profit-taking. Energy-relat-ed issues includingSource: DBS-Daiwa - 623 words
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Article346 1980-05-23 4 Source: SHK See DESPITE the (act that most OPEC countries have raised their crude prices by US$2 and the conspicuous absence of rumours, the market opened firm and improved as day wore on, closing 9.79 points up on the index. The market was also instigated by hope of aSource: SHK See - 346 words
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Article401 1980-05-23 4 STOCKS firmed in active trading encouraged by overseas buying reports. BHP reversed the trend of the past few days, adding A 25 cents to close at $13.35, while CSR rose 10 cents to |5.80 and Coal and Allied aOcents to $10.40Comalco added 10 cents to 15.00, ICI four cents401 words
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Article262 1980-05-23 4 STOCK prices continued to decline in weak trading yesterday, dealers said. Bangkok R"* fell two baht to 284, Capital Trust one to 58, First Trust 2.50 to 75.50, United Flour Mill one to 192 and falaprathan Cement two to 111 baht. MAY 22 Bahts Ana Credit 132 -J Asia262 words
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Article153 1980-05-23 4 THE market yesterday closed with mining, commercial and industrial issues generally firmer frhile oils were easier, dealers said. Turnover declined to 4.7 million pesos from Wednesday's 53.3 million. Baguio Gold, Benguet Con B, Lepanto B, Marinduque B and San Miguel B finned, but Philex B, Basic Petroleum, Oriental B,153 words
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Article50 1980-05-23 4 FINANCIAL TIME8 INDUSTRIALS Wednesday 431j6 Tuesday *33.8 Week Ago 440.0 DOW JONE8 AVERAGE INDUSTRIALS Wednesday 831.08 Tuesday 9XtA\ Week Ago 810.62 H.K.HANG SENG Thursday «00.77 Wednesday 890.88 Week Agd tlO-M SYDNEY INDUSTRIALS Thursday «SOO Wednesday 838X1 Week Ago «0-58 ALL ORDINARIES Thursday M5J4 Wednesday »1.03 Week Ago «1*7550 words
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Page 4 Advertisements
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Advertisement77 1980-05-23 4 A masterstroke from BONDS Hie Grand Slaifi Shirt 'MJiSme.:.. mmsW Wm m u w® mMI < d? O ,V ara •<«% -i ■M. o st >' The action ihlrt that lets you move. Patented UndwSim gusset neverbind*, never restricts, never stops your serin* And Grand Slam comes rang* of styles,77 words
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OVERSEAS
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634 1980-05-23 5 Reuter OIL production of Opec countries up to 1985 Is likely to be shandy lower than previously forecast and industrial nations must redouble their efforts to cope with energy shortages, the International Energy Agency (IEA) said. In a survey prepared for aReuter - 634 words
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141 1980-05-23 5 Reuter A JOINT US congressional committee has reached agreement on a bill authorising US$2O billion to finance a synthetic fuels development programme. The funds would be spent over the next four years to achieve a production goal of 500,000 barrels a day ofReuter - 141 words
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Article787 1980-05-23 5 ARRIVALS Service Local Operator Nuber Time From MAS MH601 0700 KUL TMA TL341 0715 BEY/DXB/BOM SIA SQ528 0750 DHA SIA SQI01 0815 KUL MAS MH621 OSS PEN MAS MH607 0830 KUL RBA BI427 0930 BWN MAS MH671 0830 PEN/KUL SIA SQ211 1000 HLP CPA CX710 1005 HLP787 words
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Article, Illustration440 1980-05-23 5 NYT PRIME Minister Pierre Trudeau has called for a period of national healing after a divisive referendum campaign that saw the defeat of a Quebec proposal to negotiate the separation of that province from Canada. Using the referendum's defeat as a springboard, Mr Trudeau alsoNYT; AP photo - 440 words
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Article169 1980-05-23 5 Reuter. SAUDI Arabia has no official policy of discriminating against British companies following the screening of the film "Death of a Prin- cess A spokesman for the commercial office of the Saudi embassy in London said this when he commented on a Financial TimesReuter. - 169 words
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571 1980-05-23 5 Reuter THE Organisation for Economic Cooperation and Development (OECD) now expects economic activity in the United States to (all around 0.5 per cent this year after last year's 2.25 per cent rise in real gross national product (GNP), international economic sourcesReuter - 571 words
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Article327 1980-05-23 5 NYT THE WEST German and French Cabinets have approved trade sanctions against Iran, while Britain came under sharp attack for deserting the Common Market's decision to make the sanctions retroactive. Anger about the British decision was apparent at Common Market headquarters in Brussels, at the EuropeanNYT - 327 words
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WORLD IN BRIEF
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Article368 1980-05-23 5 Agencies NEW orders received by US manufacturers of durable goods fell by U553.24 billion, or 43. per cent, to a seasonally adjusted $74.66 billion dlrs. The commerce department said the decline followed a fall of 3.9 per cent in March. THE British geverameat will Mt letAgencies - 368 words
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Page 5 Advertisements
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Advertisement130 1980-05-23 5 Sin Tien Seng didn't try to sell this fleet to me again. E TO BUY Sanden air-conditioner with original brackets available. »4VYv, **VATH \T& s CHARLES HORVATH is Singapore's leading industrial equipment rental specialist that provides Generators, Welding Sets, Water Pumps, Air Compressors and Pneumatic Tools. 24 HOURS-A-DAY, 7 DAYS-A-WEEK130 words
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631 1980-05-23 6 IT HAS been a long gestation period, and there are still some months of labour to go, but Singapore's long-awaited central bank finally looks ready to see the light of day. Unlike, however, .the tiny helpless offspring of living creatures, the institution which will631 words
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Article, Illustration1522 1980-05-23 6 EDWIN MCDOWELL - America's summer holiday begins next week. It's the time to get away from it all to Disneyland, Hawaii, anywhere. But how many can take long and expensive vacations without feeling the pinch? EDWIN McDOWELL reports on the 1980 summer of belt-tighteningNYT - 1,522 words
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Article209 1980-05-23 6 IT'S doubly regretful when a company named Good Health Distributors has to apologise for the inconveniences caused to Oriental Emporium (Bedok) and customers for the absence of its bodybuilding demonstrators last Sunday. MUCH ado about nothing is the classic title of this little story filed in209 words
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Page 6 Advertisements
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Advertisement159 1980-05-23 6 THE SECOND RING OF POWER A Carlos Castaneda's journey into the \,vodd of sorcery has captivated millions. In tins new hook, he introduces oom whose mission is to tost Castaneda by a series of terrifying tecks. Thus, CasTaneda is initiated into experiences so intense, so profoundly disturbing, as to oe159 words
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Page 6 Miscellaneous
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Miscellaneous1317 1980-05-23 6 Practise your Mandarin MABTWNG the CUmh beek «—r"-* by Ike rt eatkarhe ea aaether «t lameliMeaiflMkM try el Caltere. Mi atfreatarae to the sew the SBC hae Oeae Its pert te After thfa mmb the TV eerieefM. mehe the tanhf peeeeee aerie, eatltled Brekea Me Mae Tee, the BMetleee ef1,317 words
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Article, Illustration1815 1980-05-23 7 MICHAEL LAFFERTY - THE GREAT BRITISH UNBANKED By MICHAEL LAFFERTY FT SOMETHING Is seriously wrong with Britain's retail haniriwg system. It is classbased, diverse and sleepy. It is dominated by a handful of institutions known as the clearing banks whose profitability is the envy of commercial banks all over theFT; Source: Inter Bank Research Organisation - 1,815 words
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898 1980-05-23 7 KEVIN RAFFERTY - KEVIN RAFFERTY names the various markets which the Sri Lankan Tea Board is eyeing, especially the nontraditional tea drinking countries. He reports that Colombo seeks to increase its tea exports from 12 per cent currently to about 25 per cent. KEVIN RAFFERTYDepthnews. - 898 words
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Article261 1980-05-23 7 CHIA CHONG SING - Letter to the Editor CHIA CHONG SING Dear Sir, The first two sentences of your leader of May 20 puts the position so clearly that it will be very helpful if they can be repeated to restate the issues. "The campaign to discourage car ownership rolls on,261 words
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907 1980-05-23 7 B J WU - FORUM with B J WU ONE OF THESE days I may be able to sit down at my typewriter and type the following to a pen-pal in Beijing: Shi-jian guo-de zhen kuai ya, sin-nian you kuai dao le. Dui-bu-qi, wo hen jiu907 words
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Page 7 Advertisements
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Advertisement349 1980-05-23 7 Hong Kong 's own executive jet charter service HHH McAlpine Aviation Asia Limited now offers a unique new jet charter service through twp.of its latest HSI2S Series 700 long-range twin jets based at Kai Tak Airport. Founded in 1949. McAlpine Aviation today operates 23 executive jets f throughout Europe and349 words
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Page 7 Miscellaneous
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Miscellaneous24 1980-05-23 7 BRiSTou) oneSSAGG. FOR F«om GUM H NOT NOUO CPsN'T >OUj FoR GOODNESS SRK£. I'NiC ONLV i*m Bosy Got onc prig of hrnds ~~£>, m unto*24 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article163 1980-05-23 8 MAY 21 V Is ABN 286.00 -3 A bold 06 SO 0.3 23 80 AM tV 97 80 03 107 00 1.5 Amror Bant 6230 38 00 -0.3 -0.5 100 50 0 5 Bols 61 20 0.2 190.00 1 Byenkorf 58.50 0.4 163 60 -1.1 Dell N4u 100 20163 words
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Article268 1980-05-23 8 MAY 21 Frs CORBEILLE Air-Liquide 527 ■4 B S N Gervais Dartone 882 2 C" S F (ThomsonCall 492 -2.8 C» Francaise des Pelroles 248 unch Compagnie Kinanclere C'ompagnie Ofnerale ***** 0.1 Credit Koncier De France 4S0 2 Hachette (Librairie) ***** 0.5 Machines Bull 8090 -09 Michelin (B> 872268 words
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Article92 1980-05-23 8 MAT 21 Fro FORWARD MARKET Acec 282 -3 Arbed lflM unch Astur 460 unch Brusca n 628 8 Bru-Lamb 1302 -10 Canpac 968 14 Cock 275 -1 [> Beers 272 •1 Ebes 1905 25 Electrobel 5780 unch Gb-Inno-Bm 2330 30 Gev 1066 -2 Hobo It 2560 65 Petro 506092 words
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Article207 1980-05-23 8 MAY 21 Dm Aeg-Telefunken WSOB Akio 21.90 -02 Allz Leben Allz Vers BASK Bay H T Wbank Bay Vhank MS 00 378 00 ***** ***** 270 80 121 30B -5 03 -03 *1 BBC BMW 298 00 IMSO unch L'assella Chem Verw Commerzbank Conn Gummi ***** niM 104 SO207 words
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Article189 1980-05-23 8 MAY 21 Francs Actions Suisse* 282 1 Alusulsse Br. 1125 Alusuisse Reg 450 5 Brown Boveri Br. 1780 •10 Ciba Geigy Br. 1090 *20 Citxa Gelgy P C 825 5 Clt» Gelgy Reg too 10 Credit Suisse Br 2155 unch Credit Suisse Ref 385 3 Elektrowatt Br 2300 unch189 words
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Article112 1980-05-23 8 MAY 21 Lire Anic 8 10 -02 Assoc Gen ***** 700 Ba.slogi 1 505 •ft CenirmJe 9920 -80 Kial 1796 -S Kin*ider 74 4 Gen Immob 00 1 25 IFI Prl 2393 42 l la icemen U ***** -20 I la If as 770 1 Iialsider 325 50 3.5112 words
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Article195 1980-05-23 8 MAY 21 C* AbttlM I» unch Alcan IB Algoma 28 Bunk Monl 26 unch Bank Nova Scotia 29 t Bell Tel 20 Beth Corp T BP Can Ltd 40 i 1 BrjMjn 25 Camp Red Lake 3B' Can Imp Bk r 26 Canpac 99'• 1 Canpar Inv PI Curling195 words
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Article313 1980-05-23 8 MAY 21 Rand INDUSTRIALS A Alpha 306 unch A be rcom 290 5 AE And CI 720 unch AM1C 2350 25 Barlows 1040 15 Cg Sugar 1000 4 10 CNA 435 Cum* Finance 180 ♦s De Beers Ind Edcon 525B unch Edgars 6200B Fverrariy r«d voik Z 405 Ku|ti313 words
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Page 8 Advertisements
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Advertisement49 1980-05-23 8 1 3 i v The Great Family Do-lt-Mxirself Barbecue »A J V r m m »**l4 wer rooteweatme lint choow what you want and barbecue it Meat seafood, salads. sauces Chefs hat and apron available $20-*- for adults. *14+ for each child under 12 Anytime from 7pm-10 30pm -TcVV49 words
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Advertisement135 1980-05-23 8 Where to wine, dine and entertain rf 6 M lub For drinking. For dancing. For delightful c i>cnings. Music h i fkcchus Intcrmitmthil of London. it. 'i SI I 111 l\ >f»;/< i > ,r > i A'/ VII > v. 5/ S t I > 1 J i H135 words
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Advertisement129 1980-05-23 8 See Page 4 for Tokyo stocks and Page 9 lor NYSE prices y iIm 'W. f f O MBRLJN BPIL.L. 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 make129 words
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Advertisement115 1980-05-23 8 Noodles, mien or mee? It's the same. No matter what you call it. The differenee is the way our chefs serve up to you. Whether it's fried, dry «»r in a -<mp. Whether it's < < ant<mcse-style. or loeal >t> You'll like the wa> we have with inx Hili'>. mien115 words
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Advertisement141 1980-05-23 8 The American Express Card serves you well wherever great food is served To apply for the American Express Card, call 2358 133. •i- r, tn ;>-« The Emperor Deluxecreated for an emperor 500 yeas ago. Today, the spedal 4Uk of the Oriental! Ten Ingredients and a secret recipe go into141 words
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BANKING AND FINANCE
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Article298 1980-05-23 9 THE U.S. dollar gave a muted reaction yesterday to a further easing in Eurodollar rates, and early dollar rates often showed a steadier trend compared with late Hongkong levels, dealers said. The market was very quiet with Wednesday's decision by the New York Federal Reserve to allow Fed funds298 words
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Article257 1980-05-23 9 IN THE Singapore market yesterday, gold futures closed generally easier compared with overnight levels in light tradihg. Opening prices were marked down between US$l to $2 an ounce following the metal's slight drop in New York overnight and then eased about $1 in subsequent trading. Total sales for the257 words
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Article522 1980-05-23 9 A LARGE amount of commercial selling brought the US dollar sharply lower against the Singapore currency yesterday. From an opening $*****/40, the dollar fell to the day's lowest of *****/ 2.1400 before recovering slightly later to close at 2.1410/20. Weaker Euro and Asian dollar rates also pushed the522 words
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Article175 1980-05-23 9 THE U.S. dollar for overnight delivery closed weaker at 224.05 yen yesterday, compared with a 224.50 opening and 224.80 at Wednesday's close, despite active central bank dollarsupport intervention, dealers said. Trading was heavy, with volume US$9O million. The Bank of Japan bought an estimated $250 to $300 million at-various»175 words
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Article1237 1980-05-23 9 THE NEW YORK stock market closed lower on Wednesday, but was improved from earlier levels, on strength in coal and drug issues. The Dow Jones industrial average dosed less than two points lower after being off more than seven points during the day and the gap between1,237 words
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Article132 1980-05-23 9 THE U.S. dollar was weaker against most major currencies yesterday on some European selling preawre in (airly active late trading following further US interest rate weakness, dealers said. The dollar slipped to 1.7880/85 marks from an early 1.1893/96 and 1.7900/10 in New York while stniinf firmed to U552.3290/300 from132 words
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Article225 1980-05-23 9 Asian rates ASIAN currency deposit Interbank rates as at close on May 22: UgDsBsnKgpt) 7 days tH SH 1 month OH 8 v. 1 month* 10 OH 3 month! 10v« 10H 6 months 10H 101/16 0 months 10 v. 10* 12 months MM 10* HM DM. ticujk riii iii 1225 words
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Article22 1980-05-23 9 THE average rate at which major Singapore banks are currently prepared to lend to their beat customers is 12.1 per cent.22 words
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Article31 1980-05-23 9 The following are the opening exchange rates from Australia yesterday: U551.1396/1.1348 Stg 0.4903/0.4847 90 day air mail buying rates Stg 0.5160, US$l.lBB3 90 day fwd buying rates Stg 0.4862, U551.133631 words
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Article271 1980-05-23 9 JAPANESE monetary officials said the yen may rise to 220 yen to the US dollar, mainly due to unwinding leads and lags, advanced payments for imports and delayed settlements of exports by Japanese traders and manufacturers. They would not like to predict the yen's271 words
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Article116 1980-05-23 9 THE BANK of Korea marked down the won to an historial low against the dollar as violence against full martial law continued. The bank fixed the midpoint at 585 JO to the dollar, representing a 155 per cent devaluation since the introduction of a controlled float116 words
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Page 9 Advertisements
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Advertisement105 1980-05-23 9 Wise, Dtoe ReUx la Cssy Atmwphere at The Bin Btmk Hmm The Barn Sink House is elegant In decor and cosy In atmosphere. We serve juicy steak specially air-flown or frozen, chicken fillet countrystyle, specially arranged pork chop, set lunches, hot snacks, etc. Relax in our executive lounge with your105 words
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Advertisement797 1980-05-23 9 BANKERS TRUST NEW YORK CORPORATION AND SUBSIDIARIES Incorporated with Limited Liability in the U.S.A. Bankers Trust New York Corporation and Subsidiaries Consolidated Statement of Condition (in thousands) December 31, 1979 1978 (USI'OOO) Bankers Trust New York Corporation and Subsidiaries Consolidated Statement of Income (in thousands) Time Foreign offices Total deposits797 words
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1614 1980-05-23 10 BID aad after prices officially listed aad hneinrae ia aad reported to the Stock Bicliu(c trf Singapore yesterday with the amber ot sharaa traded la taradMta ia lots o( I.OM units, unless otherwise SECTION ONI INDUSTRIAL B COMMERCIAL Acaa (HOB 3.128) (12)1,614 words
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Article146 1980-05-23 10 SINGAPORE (JNR TOUR OUMaONTiW The Commerce "ifaiL'spori'rl ■lew md tor Itof 0M T« The Savtap Pud is is INCOME MM n IINTT S pore Prof Fund S pore Sec. Fond LIS LS LS 2-08 (CM Tirflnf Bond 1 M IS S pore Invaat Fund 1.S8 LM Ul| A146 words
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Article2675 1980-05-23 10 1 Hi«k Low Compoay Last Sale +orGr*s Div DW Cyt Gr*s YTd Net P/E Vol (•000) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 370 m 149 163 3M 80 SO 406" 236 342 346 320 116 140 270 60 375 > 386 187 386 Ac ma Alcorn2,675 words
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Article1798 1980-05-23 10 BID and offer prices officially listed and hmlnrss in and reported to the Kuala Lumpur Stock Exchange yesterday with the number at shares traded shown in brackets hi lots of 1,000 units, unless other- iai a lalfl a il wise upeciDM. INDUSTRIAL* 4mm (3.10B) cd l»ianli (3J4S)1,798 words
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Article, Illustration769 1980-05-23 10 AGGRESSIVE kaylag «f ilti»tl«i8l ftvtarltei tke Hhjiiwr» stock market yesterday. Drawing Strang sn ppart, finance In—cs proved to be a partiealarty attractive nectar wltk Interest facased aa Oversea CM—I Basking Csrparatian, Stagapara Balldiag Sedety awl PaUie Baak, all af which have been earmarked as aaeelal sltaattaas.769 words
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Article435 1980-05-23 10 SELECTED heavyweights featured bullishly on the second day of recovery of the Kuala Lumpur stock market yesterday. Amidst a generally steadier trend, these high-priced issues stormed ahead and closed with hefty gains. The heavyweights which performed well included Magnum Corporation, Oversea-Chinese Banking Corporation and Pan-Malay-an Cement Works.435 words
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COMPANY NEWS
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Article, Illustration1136 1980-05-23 11 CATHERINE ONG - By CATHERINE ONG SINCE the beginning of the year, a bank share that has been quietly outperforming most other ftwiw issues in terms of capital appreciation is the Overseas Union Bank (OUB), commonly dubbed as the smallest of the Big Four banks. A comparative analysis1,136 words
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Article90 1980-05-23 11 Reuter A CONSORTIUM sf three Japaacse emnpaake ud sae Weil Germaa esmpaay has signed a M bflHsa yea eeatraet with Malaysia Malayawata Steel Berhad fer the sspply «f a steel bar rsfflsg mill, MitssMshi Heavy ladastries Ltd salt ssii the eqatpmcat, with aa aaaaal capacity sf tmjmReuter - 90 words
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Article77 1980-05-23 11 THE Kuala Lumpur Stock Exchange has asked Magnum Corporation whether its proposed bonus issue will rank pari passu with the existing shares in all other respects, although the new shares will not qualify for the recommended second in- terim dividend of 15 per cent. Magnum has also been77 words
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Article442 1980-05-23 11 A STRONGER second-half spurt enabled Matsushita Electric Company to turn in a significant profit rise last year. Despite competitive and cost constraints, which produced an unexciting first half (when profits were up by a mere 2.1 per cent), the group's overall pre-tax profits for the year442 words
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Article756 1980-05-23 11 Carroat Payaaeat Ex Date Boohs Close Date Payable Total for Total for the year Previous year BaU 1 Danlop Eat OUT 8aayo Dualoplad Kmlia Msia SKA Corp Tractors <M) G Kelt OCBC 9la« Darby Pod Cable* Gleaealy U M Works B Ra y a C«C Nat I roe756 words
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Article263 1980-05-23 11 PERAK Carbide seems poised to move into the black after years of continued losses caused by high production costs and keen competition. The company, for the first time in many years, reported a pre-tax profit of $212,172 for the half year ended March 31,1960, as compared with263 words
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400 1980-05-23 11 KOH TSE YING - By KOH TSE YING LESS than a year after embarking on its 10th hotel project, Faber Merlin Malaysia has announced that it will construct another hotel, this time under a Joint venture with Perbadans n Kemajuan Negeri Kedah (PKNK). For the400 words
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Article151 1980-05-23 11 AT an EOGM of Ssvraa laiistrtes, shareholders approved the acquisition of the entire issued capital of Hong Leong Finance and the change of name of the company from Sovran to Hsaf Leaag Credit Berfcad. The resolution to increase the company's authorised capital from $20 million to $100 million151 words
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Article, Illustration751 1980-05-23 11 ■soiaiaa by HOCK LOCK SIEW THE MARKET'S recovery from the 450 level it fell to in late March has been generally orderly, with quality issues and genuine situational stocks remaining in the limdMght and leading in terms of capital appreciation recorded. Yesterday, the Straits Times industrial index actuallyby HOCK LOCK SIEW - 751 words
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Page 11 Advertisements
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Advertisement438 1980-05-23 11 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia Ofl Directory 1980-81 (Third edition) 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 coverage438 words
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283 1980-05-23 12 AP THE US government has an authoritative intelligence report that the Soviet Union has developed a ground-based laser weapon that could be used to destroy US space satellites, the New York Times reported yesterday. (A laser is a highly concentrated beam of light .energy.AP - 283 words
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Article121 1980-05-23 12 I*THE Singapore government has impounded about «14,800 tins of Australian •panned beef sausages 1 Jound to contain organisms could cause food poisoning. -2 Government officials yesterday the consignment of sausages had been Cleared by the Melbourne jiealth authorities before it -Jras imported by a Singapore company121 words
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161 1980-05-23 12 Reuter THE THAI government has amended the country's tax structure to benefit low income groups. It has also increased taxes on companies and high-income earners and raised the excise duty on tobacco, beer and soft drinks by between 20 and 40 per cent. According toReuter - 161 words
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119 1980-05-23 12 AFP A RISE in electricity rates in Malaysia is inevitable. The general manager of the National Electricity Board Tan Sri Abu Zarim Omar disclosed yesterday that the NEB is losing about Ms 24 million a month under the preqpnt rate. The NEB increasedAFP - 119 words
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Article95 1980-05-23 12 BANK of Japan yesterday intervened on the Tokyo foreign exchange market to check speculative yen buying. The dollar closed at 240.05 yen, down from 224.80 at Wednesday's close. The bank bought about Usloo million worth of dollars, said a market official. "Were it not for95 words
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Article, Illustration507 1980-05-23 12 UPI THE South Korean government has accepted several demands by demonstrators who have taken over the provincial town of Kwangju and student leaders have urged the town's citizens to lay down arms captured in the bloody rampage that gripped the city for fiveUPI; UPI photo - 507 words
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387 1980-05-23 12 NYT ISLAMIC foreign ministers have condemned American aggression against Iran, rejected moves in Israel to make Jerusalem an undivided capital and reiterated their demand for the immediate and unconditional withdrawal of Soviet troops from Afghanistan. But the Islamic conference of foreign ministers yesterday directed theNYT - 387 words
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Article772 1980-05-23 12 LONDON, Thurs. Equities eased while British government bonds closed mixed after a quiet session and at 3 pm the FT index was down 4.8 at 426.8. Equity leaders lost ground after trading statements and gloomy earnings forecasts, but the higher than expected public sector borrowing requirement for the772 words
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294 1980-05-23 12 A THE government should consider giving manufacturers fiscal incentives such as double tax deduction of expenses incurred during study trips abroad. This will encourage more manufacturers to study advanced production techniques abroad, said Mr Eugene Yap, chairman of the Singapore Quality and Reliability294 words
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Article403 1980-05-23 12 CATHERINE ONG - By CATHERINE ONG SENIOR executives of Dunlop Holdings of UK are in Singapore for discussions with their Asian counterparts, giving credence to the rumours that a Malaysian-based group is planning to acquire the company. The meeting of the top brass of the parent company domiciled in403 words
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306 1980-05-23 12 BOTH the government and the private sector should adopt a more concerted approach to help manufacturers make the transition to higher technology and skills. This point was made by Mr Michael Yeo, chairman of the Singapore Manufacturers Association, at the annual general meeting of the306 words
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Page 12 Advertisements
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Advertisement371 1980-05-23 12 Wfe have a history of making money grow Lombard North Central is part of one of the world's largest banking groups and we have a history which' covers more than 100 years. Weoffer a range of deposit schemes which will produce maximum interest whilst giving flexibility of choice and safety371 words
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Advertisement295 1980-05-23 12 JA new dimensim ur accountancy mining STUDY with the EMILE WOOLF COLLEGE OF ACCOUNTANCY, London for the Association of Certified Accountants Examinations. The Emile Woolf College of Accountancy has since its establishment, gained the reputation as LEADERS in the field of Accountancy education. The consistent high rate of examination successes295 words
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Page 12 Miscellaneous
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Miscellaneous47 1980-05-23 12 Outlook for Singapore from 6 a.m. p.m. today: Mainly fair. 22 at the airport. Maximum, temperature 33.1 Associated humidity 69 Minimum temperature 25.7 Associated humidity 91 Hours of sunshine 9.95 Rainfall in millimetres Nil Total rainfall for the month 175.4 Total rainy days for the month 747 words
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SHIPPING TIMES
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PORTSIDES
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Article77 1980-05-23 13 Reuter FRANCE hopes to win a multi-million dollar contract for the development of two Saudi Arabian harbours, French Transport Minister Jeol Le Theule said. The minister, who had talks with King Khalid, Crown Prince Fahd and senior government officials said the Saudis wanted to developReuter - 77 words
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Article74 1980-05-23 13 AFP THE Norwegian company engineering A/S Akergruppen has signed a cooperation agreement with the China Corporation of the Shipbuilding Industry on planning and building platforms for offshore oil exploration. A company spokesman said the Norwegian share in the investment would amount to more than US$2O million. A ChineseAFP - 74 words
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Article92 1980-05-23 13 AFP THE Singapore government is seeking information on the detention of its ship Accres by Indonesian authorities in Banda Aceh, north Sumatra, the Jakarta newspaper Kompas reported yesterday. The Singapore consulate in Medan, north Sumatra, had been instructed to contact the customs and overseas excise office inAFP - 92 words
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Article, Illustration680 1980-05-23 13 G DURAIRAJ - By G DURAIRAJ MALAYSIAN authorities have postponed the enforcement of a total ban on shipping ungraded sawn timber exports through Singapore. The ban due to be enforced this month has been postponed to July because a new jetty being constructed at Pasir680 words
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Article614 1980-05-23 13 SMpptag Um Pmge CM Shipping Um Page CM Adriatic IV 5 ent IV 4 Afea VI 3 Evergreen IV 3 All trans VI 5 Fesco V 1/2 Alpac VI 5 Flotta Lauro V 5 Angkutan VI 4 Fortune VI 5 ANL I 1 Franco-Belg in 4/5 APL614 words
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470 1980-05-23 14 ONLY ONE A DAY AT TIMES Reuter THE NUMBER of tankers calling at Iran's Kharg Island oil terminal has declined appreciably in recent weeks. Well-informed shipping sources in London said in that early May there had been days when only one tanker berthed atReuter - 470 words
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Article, Illustration256 1980-05-23 14 KAWASAKI Kisen Kaisha's second container ship on the Far East/Europe trade, the 1,661-TEU Transworld Bridge, will call at Singapore on May 30 in the course of her maiden voyage to Europe. The 32,300-dwt ship, built by Kawasaki Heavy Industries Kobe Shipyard, was delivered to "K" Line256 words
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Article935 1980-05-23 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 following935 words
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Article1446 1980-05-23 14 OVERALL firmness of the rate structure was maintained on Wednesday, with cargoes of grain fixed from the US Gulf to Antwerp/Hamburg range at U5522.25 (fio) for June also from Paranagua and Rio Grande to Corunna at 134.50 (fio) for June. A cargo of wheat was covered from the1,446 words
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560 1980-05-23 15 PHILIPPINE shipping operators have opposed the proposal before the Manila Legislative Assembly calling for the opening of the country's vessel registry to Flags of Convenience (FOC) ships. The Filipino Shipowners Association said the proposal, which will convert the Philippines into an open registry country to560 words
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Article, Illustration314 1980-05-23 15 THE PRODENT, the main challenger to the Flying Wilms in the Nedlloyd Spice Race, lost her mast and has dropped out of the race. Part of the rigging broke during a sudden squall off the West African coast and the mast went314 words
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Article, Illustration399 1980-05-23 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Melatl (0530 after Nedlloyd Steenkerk) 5 Dong Min (0400 after Hugheverett) 0/41 King Pearl (0600) 19 Kota Bali (Passenger) (1400 after Kota Timur) 8/ 9 Kota Singa (0700 after Kota Timur) 10/11 Selamat Da tang (0700) 27 Silver Eagle (after Clifford399 words
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3108 1980-05-23 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 of3,108 words
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138 1980-05-23 20 Reuter THIRTY-SIX shipping nations have ratified an international convention on maritime safety, enabling it to qtgtfr into force on May 25. -The Inter-governemental Maritime Consultative Organisation said all major shipping nations had ratified th? International Convention for the Safety of Life at Sea (Solas)Reuter - 138 words
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Article159 1980-05-23 20 AFP ICR. maritime strikes which a|out two months ago held u| Finnish merchant vessels ice-breakers ended on Wednesday and the first ships were back in operation in Helsinki. "fte anion of telegraphists and. engineer officers finally approved a deal submitted by jhe state mediator and decided toAFP - 159 words
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692 1980-05-23 20 ORIENT EXCHANGE FREIGHT rates for large bulk carriers are maintaining a low profile because of surplus of tonnage in most loading areas. However the coastal trade is healthy and vessels under 20,000 dwt usually have several cargo options. Shippers and operators are now revising692 words
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Article136 1980-05-23 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. •IT Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedlloyd Lines.136 words
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120 1980-05-23 20 Reuter A LIBERIAN freighter was in danger of sinking after it collided with a West German freighter off Hakodate, Japan yesterday, the Japanese Maritime Safety agency said. But all 28 crew members of the 10,242-ton Liberian freighter Zenlin Glory were transferred to a JapaneseReuter - 120 words
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Article240 1980-05-23 20 AFP SINCE January, gas drilling crews on platforms of the American company Union Oil have had to organise a rescue plan, that to date has saved about a thousand Vietnamese "boat people." Most of them were attacked by pirates. The latest group of 73 refugeesAFP - 240 words
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Article1454 1980-05-23 20 The leading shipping lines operating from local Crts and the agents who handle cargo bookings r them. A B Adriatic Cwtitnf Continental Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agencies (S)Euro-Asia Line (PK/PN). Alfred C. Twffcr Sea Consortium (S) Marintex Enterprise (PK). Alpae Intrasea (S)/Yeo Shpg1,454 words
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Page 13 Advertisements
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Advertisement408 1980-05-23 13 Scan Dutch V Fast and Regular Service To/From N.C. /SCAN W.MED./U.K. Singapore Tel 91S011. Port Kelang Tel *****1. Kuala.Lumpur Tel ***** Penang Tel *****6 I K i > i I AM \ll Orient Overseas Co*Uci*teA. Line FULLY CONTAMERBED SERVICE TO EUROPE (VIA SUEZ) KKM MCEMI Ml T K MBB IN408 words
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Advertisement222 1980-05-23 13 SEALORD ANTAH m± 1 UASC UNITED ARAB SHIPPING CO'SAG. Ill* jlii'-i.'k EXPRESS MULTI-PURPOSE SERVICES !M7" FULLY CONTAINERISED SERVICE *>.i. i mm* GRAND NAVIGATOR V6l 8/7 (also accepting reefer cargo) Al WATTY AH V.7 tl E m: RECT ;t a J* nooeiaan Ten Sutmct inducement SEN.OU SMPPMS AGENCES (R*f- Mi. 242K5/OOC)222 words
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Advertisement27 1980-05-23 13 I wm I CONTAINER Schedules II LONDON Freights n/ffl SHIPS In Port m SHIPPING list VD REGIONAL Weather Vm WHO Acts For Whom VIII ORIENT Exchange............................. VHI27 words
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Advertisement813 1980-05-23 13 Regular Liner Services To/From All Parts of the World. Singapore Tel *****1 Port Keiang Tel *****1 Kuala Lumpur Tel ***** Penang Te< >*****6 MAERSK LINE EXPORT TO U S. PACIFIC, GULF, ATLANTIC, EAST CANADA AND ASIAN PORTS rrr> Sakd 25-2S/5 1-2/ C 11-12/6 15-K/f *r-;' 3i r ?'rMTiiiiiiiTiHiiiT^n r^-niiaa IK£813 words
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Page 14 Advertisements
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Advertisement570 1980-05-23 14 LEO SHIPPING PTE LTD. SINGAPORE PERNAS MISC SHIPPING AGENCIES SDN BHD PORT KELANG PENANG MID, HEAD Off ICE: WISMA MISC TEL: NO: KL *****8 MALAYSIANMT&NATIONAL StCORPORATIONBERHAD 1) tomtom. Genoa. 2) Amsterdam Antwerp. L Havre. Bdbao. Basle. UK. 3) Bremen Bfemcnhaven. fortius. Copcnhmn. HHsiniu 4) fttolmo. Stockholm. Oslo. 'Accepting Europe cargo570 words
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Advertisement270 1980-05-23 14 I SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA St Ma •75/5 9 6 •25/6 11/7 25/7 10/8 R Imi 12/7 27/7 11/« n on 17/7 1/1 lt/t 15/7 4/1 15/1 24/7 5/1 24/1 SINGAPORE CALIFORNIA EXPRESS CONTAINER SERVICE ONLY 22 DAYS rac WEEKLY SERVICE FROM270 words
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Page 15 Advertisements
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Advertisement706 1980-05-23 15 DRY BULK/GENERAL CARGO SPACE OPEN Have 2 vessels with 41,000 and 51,000 bulk space respectively. Open Ist to 15th June 1980 in Singapore. Looking for cargo direction Bombay /Red Sea/ Persian Gulf/East Africa or Mediterranean Ports. Interested Shippers please contact: Stolt Nielsen Singapore Pte Ltd Tel *****44 Tlx RS. *****706 words
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Advertisement354 1980-05-23 15 Franco Bckjuui Services V r h ,r y •1. IC.M.C.R. rr Sport f. Mm| 24 Mm 2SMm 7 Am I AM It km It km 27 km Ztkm Mr l Mr B'toiu If sates Genoa Trwstt 11 km 13 Am IS IB 23 IB 25 Mi 27 km akm 5Mr354 words
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Page 16 Advertisements
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Advertisement648 1980-05-23 16 LHapag-Uoyd FUUY CONTAKKSED TO EUMK tar TtAye fey llm Dm UWfMlfe? EXPRESS CONVENTIONAL TO EUROPI FULLY CONTAHRSED TO GENOA/TMESTE m HR Sptrt 17/5 19/5 24/5 7/6 P Kttoa| Cotm 25/5 15/6 9/6 1/7 RUT COHTMBBSQ) TO UM/CMMM fmtm P Hetang Sport HK EXPORTS S'pm P KtMn|Ptn MMat (mi trW| Brama648 words
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Advertisement660 1980-05-23 16 KOREA LINE SHIPPING CORPN f. K slant VEGA 149* 9/12 June VEGA 150E 9/12 June ALTAR 153* 11/14 Ji* ALTAR 154E 11/14 July 13/17 Jum FOR BUS AM BANGKOK 13/17 June TO BUSAN 15/19 July FOR BUSAN BANGKOK 15/19 July TO BUSAN INCHON PCNANG CALL SUBJECT MOUCEMENT IX KSC KSC660 words
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Advertisement527 1980-05-23 16 EVERGREEN LINE r FAR EAST. fUROPE EXPRESS FULL CONTAINER SERVICE 1 ACCEPTWG CARGO FOR HAMBURG FELIXSTOWE. ROTTERDAM ANTWERP IE HAVRE ALSO ACCEPT WG CARGO FOR UNITED KNGOOM SOUTHAMPTON. LONDON. MANCHESTER. BIRMMGHAM BRISTOL. LIVERPOOL GLASGOW. LEEDS WEST GERMANY BKMERHAVEN HOLLAND AMSTERDAM $>M Kaatel Metal Mm* let twrUrtf Hit I)Jm 15 k*»527 words
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Advertisement751 1980-05-23 16 Everett Lines "jh Burma Five Star Sfcippini Corpn. BURMESE NATIONAL LINE LOADMG FOR RANGOON I>W FMmi Pi ypm* P Mmi Mfi* ffH *3/23 Mar £M M/M/21 Htf rH" M/M M* M/M My HTJMTAWVM 21/2 M B F S.S C n Molayuo TEPS MALAYSIA NavtMCton Intarcontinwttal S. A. C.I. F "ARGENTINE751 words
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Advertisement498 1980-05-23 16 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD SANKYO LINE AUSTRALIA SERVICE P Katani Seaport Lea** tar 11/12 tan 13/15 Ma SyT»EL. Ma t BANGLADESH SERVICE 15/20 Am bfTTAGONG. CHMJM JAPAN/STRAITS SERVICE n aspmatwn OCEAN PME SAVANNA STM TABD MARU OASIS DIKE noun worn canMO Boons Stag apart SaM 29/31 May 21/30498 words
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Page 17 Advertisements
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Advertisement925 1980-05-23 17 PIL GROUP EAST AFRICA/REDSEA SERVICE Wiw Portsudan, Hododah leddah Daiessalaam Mombasa Sing apart PKelaog 5/10 Mr Mogadisuo Mdati Hodndah AqaDa Oar Es Salaam Mombasa, Hodndah Jeddab. Port Sudan COLOMBO/KARACHI/P. GULF SERVICE SINGAPORE/CHITTAGONG/RANGOON/SERVICES SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES SINGAPORE/INDONESIA/SINGAPORE SERVICES s "W 21/»Itoy 21/30 May 23/21 May KOTA KOTA JADE KOTA SHEA SURABAYA925 words
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Advertisement540 1980-05-23 17 r to turn *W«( Eipmi BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE HBURG B HAVEN ROAM HAVRE SOTON Tteya Bay KNaat Mm littrpotl Bay MTH LKItTY TO CALL AT RED SEA PORTS S PORE *****4. K LUMPUR *****4 PKELANG 6521. PENANG ***** I El BEN ASIA CONTAINER SERVICE EXPRESS540 words
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Advertisement809 1980-05-23 17 Scan Dutch? WEEKLY EXPRESS CONTAINER SERVICE Vena S pore l)ITales?)P turn 3>HM|4)Gbar| KO HOOK 77/5 10/4 15/4 14/1 17/4 TOUKQMC 1/4 a/I 23/1 25/4 a/4 TOTANA 10/4 a/4 30/6 1/7 3/7 ROMGAN 17/4 2/7 7/7 4/7 14/7 WTUMW 24/4 4/7 14/7 15/7 17/7 HKA 1/7 14/7 21/7 22/7 24/7 1)809 words
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Advertisement525 1980-05-23 17 BOUSTEAD SH,PPING AGENCIES U.S. GULF COAST SERVICE (New Orleans, Mobie, Houston, 6alveston) Sineapore P. Ketone US GM mm IVKES (dbdi ft LOUSE ITttS (dfcdi ft toads).. 24/25 Mar 20/22 Jw 26/27 May 30 Jw 29 My U.S. WEST COAST SERVICE (Seattle, Tacoma, Vancouver 8.C., Portland, Lonfview, Lonjbeach, Los Alleles, San525 words
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Page 18 Advertisements
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Advertisement729 1980-05-23 18 1 I > K LINE I—l >*****1 ■■II I I I M I IBM 1 I KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES I TO NORTH AMERICA cms* n MDnna Act TON 24/5 29/5 Met Mm Qmmu'i Sty n» i* us m U/( 22/1 17/1 27/6 M/C %n vr% »/7729 words
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Advertisement547 1980-05-23 18 a j? CAUFOMM/MCfIC NMTN WIST SERVICE EXPRESS CONTAINER/REEFER SERVICE L«*| tar 101 —in, SM nUMCSCO. SATTU. TACONA. NKOHO. 1C AcctHN FO/FCL CmWnti P. MM| Smppori I Angrta HUH Oftf 24M? 2* JM> AUSTRALIA EXPRESS CONTAMER SERVICE Amoh| FO/Fft Mkm PJUmi S-fM Frw AM tut S* IT (CAM) It Jw 17547 words
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Advertisement403 1980-05-23 18 I 'X I'OIIII SINGAPORE SHIPPING AGENCIES PTE. LTD FLOOM OCEAN BUILDING SINGAPORE 1 MARnf Ting 91 1122 (3 I.NESi GENERAL 9' J" 1 (1« L INE Si TtLEJ «s 2459S BS .'SS6B A B CAMSHIP C ABIE CARGOSMIP Mil fjiiitniiicr Lilies IH WEEKLY CONTAINER SERVICE to/from BANGKOK VOY main m/m403 words
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Advertisement613 1980-05-23 18 GRANARD LIME INDEPENDENT A TTRACTIVE RA TES MEDITERRANEAN SEA SERVICE ALSO ACCCPTISC CONTAINER CARGO FCL ONLY FOR PORT SAID, ALEXANDRIA. BEIRUT. LATTAKIA. UMASSOL. ISTANBUL St PIRAEUS Specially engaged agents A stevedores providing immediate discharge sw» pjmmi IBRON KW YOM V. 3SN 2Slllay 2« May FORTUNE SIM VJ9M 19 km MMSMGV.4ON613 words
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Advertisement563 1980-05-23 18 ■HiiMiMMUAUiteLMiM INTRASEA (PTE) LTD Faber House 234E Orcha r d Roac Singapore 9 Telephone *****1 1 '*****57 308 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE atuwtk hank mn. S'pert r.X*« Hmm 29 May 24 May ROT?ERDAM/BOULOOE/W (AVON) BOULOGNE/IK (KICK) A(Hb: OfTRASEA (PTE) LID *****11 BOOKM6 *****57 KLwpo- TEO SNffMS t563 words
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Page 19 Advertisements
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Advertisement633 1980-05-23 19 NEPTUNE ORIENT UNES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE a wvA,H:^, TO EUROPE/UK (VIA SUEZ): S'pore K. JACEJM+ 25/5 TWBRDGE 30/5 N. PEARL 3/6 C. PAUL 8/6 MERCATOR 15/6 C. ROZE 22/6 K. JACEWON 428/6 Also accepting cargo to/from Scandinavia K. JACEJIN S'pore Closing Times: FROM EUROPE (VIA SUEZ) FCL633 words
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Page 20 Advertisements
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Advertisement247 1980-05-23 20 «c« EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FROM EGYPT nriUMDS u ALEXANDRIA SINGAPORE Jww 11 Juw 2f ACCEPT* CARGO FOR BUSAN. MOJL KOK. YOKOHAMA GfNFRAt AGfNTS I N SHIPPING PIE LTD IfL *****11 (SINGAPORFI CGO B* 5 s *****43 Tl RS?1017 SUB AGENTS HSH (Ml SON BHD TEt *****3 4860?/247 words
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Advertisement355 1980-05-23 20 /css7 CAHAYA SAMUDERA L 1 SHIPPING PTE LTD., 5390,2 nd floor. Wok Has Complex, BEACH lOAD, SINGAPORE 0719 Tel: *****60/ *****90. IDD: 74*8053 REGULAR SERVICE: SfIGAPORE/CWTT A GONG. S'port P.Klang Loadhf tar M.V. "LENNA" 20-25 May 27 May Chittajong \P, OCEAN LINES REGULAR NON CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE S355 words
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Page 20 Miscellaneous
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Miscellaneous181 1980-05-23 20 Regional Weather a <4 x V y i A rk 2ss i» u 3 iS *3 A {ifr<xr I 1 3 V C^J < 100E SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MORNING. °C yA .CT" °r w u/.., Wind direction wi(h speed in knots Dew point °C181 words
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