The Business Times, 11 June 1980

Microfilm: NL10690
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. llf/1/81 WEDNESDAY, JUNE 11, ISM 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon No to price rise
      76 1 Reuter ALGIERS, Tues. Saudi Oil Minister Ahmed Zaki Yamani said it is wishful thinking to say that Saudi Arabia would accept an increase in its benchmark crude oil price to US$32 a barrel. Algerian Oil Minister Belkacem Nabi ealier said Saudi Arabia would agree to the
      Reuter  -  76 words
    • Article
      Terminal to open
      54 1 PORT KLANG, Tues. The liquid bulk terminal at the devastated south port will be opened for use on Thursday, with the Esso tanker, Tamasbeme Maru, as its first customer. The tanker will unload 5,500 tons of bunker fuel for the gas turbines at the NEB Connaught Bridge
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    • Article
      Lock icon Bleak prospects
      68 1 Reuter BRUSSELS, Tues. The European Common Market Commission, in a document for this week's EEC summit, has painted a bleak picture of world trade development in 1980. It said the outlook is especialy bad for the community because of its two main trading partners, there is a prospect
      Reuter  -  68 words
    • Article
      Sugar for Kelantan
      58 1 KUALA LUMPUR, Tues. The Malaysian government has rushed 50 tonnes of sugar to Kelantan to alleviate the shortage of the commodity in the state. Based on the supply figures of the Ministry of Trade and Industry there should be no reason for the shortage in the state,
      58 words
    • Article
      Lock icon Concern over delay
      79 1 AFP WASHINGTON, Tues. The prospect of a further delay in the launching of the United States space shuttle, scheduled for next spring, is causing grave concern in the Pentagon because of the project's strategic implications. "We are running out of patience on the space shuttle," said a
      AFP  -  79 words
    • Article
      Lock icon Order to kill
      70 1 Reuter TEHERAN, Tues. Ayatollah Sadeq Khalkhali, who claims to have ordered more than 300 executions, said he had sent a squad to Paris to kill former Prime Minister Shahpour Bakhtiar and his followers. In an interview with the English-language Teheran Times, Iran's roving Islamic judge also said
      Reuter  -  70 words
    • Article
      Lock icon Dow Jones
      81 1 AP NEW YORK, Tues. The stock market was mixed this morning. The Dow Jones average of 30 industrials slipped 0.86 points to 859.81 in the first half hour. But gainers held a slight lead over losers in the early tally of Neto York Stock Exchange-listed issues. Interest rates
      AP  -  81 words
  • Article
    Chief Price Chances
    131 1 Falls M U 1 1040 Magnum Corps 970 Tractors 810 Shangri-La 1080 Sel Prop«rtie« 890 PMC 800 Selangor Dredg 595 Tasek Cement 500 Shell 400 Straita Trading 1290 Berjnntni 900 -40 -40 -30 -20 -20 -20 -20 -15 -12 -10 -10 Indices Jun 9 Jun 10 B.T.Indicator:
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  • Article, Illustration
    KUALA LUMPUR
    157 1 Falls Indices Kg Lanjut 580 Magnum Corp 960 Tractors 830 M Ranking 1120 Sel Dredge 580 Tan Chong 680 Sel Prop 900 M U Ind 1060 S Trading 1320 M Cement 585 ISL k Pen 610 Rises Preraia 400 H L Finance 408 Tronoh 1390 Tasek 570 C
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  • Article
    Rapid write-offs not favourable
    636 1  -  PIONEER COMPANIES UNHAPPY By MARGARET THOMAS PIONEER companies have asked the Government to modify the proposal on a more rapid depreciation of plant and machinery. The proposal was made in the last Budget address. The rapid depreciation, they maintain, will deny them the full benefit of
    636 words
  • Article
    Kampong Lanjut test drillings
    263 1 TIN company Kampong Lanjut is making preliminary drillings in an area of about 9,000 hectares along Sungei Sokar and Sungei Galas, both in Ulu Kelantan. In a statement to the Kuala Lumpur Stock Exchange, the company said if the drillings results are favourable, Kampong Lanjut will
    263 words
  • Article
    Mitsubishi issue inopportune
    492 1  -  By RUTH CHENG IT SEEMS that Mitsubishi Bank's latest issue of floating rate certificates of deposit has come at an inopportune moment. The three-year US$15 million issue, subscription of which opened yesterday, represents the third time in two months that the bank is tapping the Asian dollar
    492 words
  • Article
    Breach of fare agreement
    330 1 QANTAS Airways has been accused of charging fares below the minimum market price (MMP) agreed upon by 12 carriers operating between Singapore and Europe. The European yield improvement programme (YIP) committee, the body formed to enforce the MMP, has requested Qantas to "show cause" why it
    330 words
  • Article
    Both gold and US dollar fall in active trading
    287 1 GOLD prices tain Med Is Earvpe, the US dellar fell to lli fewest level agslact toe Jimmn yea dace last illy, aad the p—i saak W eeoto ea expeetattoas ef aa early eat la Brttala's record laterest rates these were the
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  • Article
    Owners of cinemas seeking price rise
    462 1  -  By AGNES WEE CINEMA owners say they are groaning under the yoke of high entertainment taxes and escalating labour costs and apparently want the Government to approve another increase in admission prices. Their problems were discussed at a recent meeting of six cinema owners
    462 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      48 1 Raki Corporation For all type* of [)(l Culinary (Oriental bUCarDoritioi and European) Tel: *****4/*****4 8 r g»"d. »hol«. Tele» RS ***** A/B RAKICOH n»t>fced. herb*. Cable: "RAKICORP" seeds,roots, spices F.CO., "nd pulses Mar tiling Industrial Estate m Malaysia Tel: 3S464 Manufacturer. Cable: "RAKICOUP" Johorr Baftru miller and stockists. [$}:><+!%~_/]-.[`(-+<-(@.')%`>%
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    • Advertisement
      Page 1 Advertisements Column 2
      34 1 FRATA J FRATA NEWS FOR RATES BOOKING CALL MR. TAN KAY HOCK MRS. JUDYTEO MISS. CHEW LEE LEE FRATA SHIPPING PT€. LTD. Suite 801,8th Floor, World Trade Centre, Maritime Square, Singapore 0409 Telephone: *****04
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    • Advertisement
      Page 1 Advertisements Column 3
      65 1 Leader... Page I rams SHIPPING TIMES HOW in credit ratlag eempa- IRANIAN *11 geiag al denies rated................................. 2 eeaat 12 INTERNATIONAL (irei e»* RESPONSE d shippers to exgreas parting wards.............. teaded 8MA 12 POSB Is Uviag ap to its COMPETITION hats ap la the aame........................................ 9 iasaraaee basiaeaa 12 AIRCRAFT
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      Page 1 Advertisements Column 4
      81 1 TheMM0UAEP3K> Leader... Page C Every singlepiece of WiterfadQystal is individually crafted and therefore unique. T Every piece of Waterford is an original work of art. Each piece is shaped from the motten crystal by master craftsmen, and then individually hand cut. This is why no two items are exactly the
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  • TRADE AND INDUSTRY
    • Article
      Where business is based on trust
      550 2  -  By AGNES WEE PROFESSIONAL credit rating services have generally not caught on with local companies although a local credit rating company, which claims to be the first to use a modified system adopted in the US, has been getting a fair amount of business
      550 words
    • Article, Illustration
      PREPARING FOR TRADE FAIR
      120 2 PREPARATIONS far the Aseaa Trade Pair in Melbtane is well m Its way. And Mrs Mary Seet-Cheng (seated foarth from left), the Reps bile's Acting High Commissioner in Australia, is seea attending a briefing far the trade shsw in Aagast. Mrs Seet-Cheag Is seen with representatives
      120 words
    • Article
      Two Sisir courses on industrial automation
      147 2 THE Singapore Institute of Standards and Industrial Research (Sisir) is organising two training courses in Industrial Mechanisation and Automation. The Basic Course in Industrial Mechanisation and Automation will be held from June 23-27. This fulltime course includes 12hours practical laboratory work. The course is
      147 words
    • Article
      Joint property venture
      96 2 THE Wing Tai Garment group, one of Singapore's leading garment manufacturers and exporters, has entered the housing property market through its subsidiary, Island International (Singapore) Pte Ltd. This is a joint venture company between Wing Tai Garment Singapore and Dragon and Phoenix Bhd Malaysia. The company's residential
      96 words
    • Article
      Mould industry praised by MP
      423 2 MOULD-MAKINGcompa-nies in Singapore are serving clients all over the world. The cost of moulds made here are only onethird to half of those made in industrialised countries. These points were made by the Parliamentary Secretary and MP for Aljunied, Mr Chin Harn Tong, at the
      423 words
    • Article
      Investing in washing machine project
      405 2 A MALAYSIAN company is looking for partners to invest in a Mil million project to manufacture washing machines aimed at the lower and middle income groups in the domestic market. The managing director of S K Brothers Electric Company Sdn Bhd, Mr S K Chan,
      405 words
    • Article
      Chamber calls for greater flexibility in share policy
      629 2 THERE is a need for greater flexibility in the implementation of the policy to reserve 30 per cent share in the fields of distribution and services to bumiputras, says the Malaysian International Chamber of Commerce and Industry (MICCI). In making this observation
      629 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      199 2 SINGAPORE Reinsurance Corporation has appointed Mr Phaa Kin Hag as Its chief manager. Mr Chua was an engineer prior to joining the company (our years ago. He holds an honours degree in electrical engineering from the University of Sheffield and also a M. Sc degree in management
      199 words
    • Article
      New Y & R business
      109 2 New Y R business YOUNG A Rubicam's new Singapore office has just announced the addition of new business acquisitions totalling $2 million. Included among the new clients are Jardine Marketing Services (Kenwood Chef and a new product assignment), Singapore Shui Hing Department Store, Multi-Corporation and Rollei. YAR was billing at
      109 words
    • Article
      MEMO PAD
      466 2 SEMINARS AND COURSES June 12-13: Finance for Nonfinancial Managers, ShangriLa Hotel, Price Waterhouse June 13-16: Ultrasonic Plastic Welding, Suite 5264 Woh Hup Complex, Mechanical and Combustion Engineering June 18-20: Tactics Techniques for Effective Supervision, SIM Conference Room, SIM June 18-20: Fundamentals of Finance, Shangri-La Hotel, AMR International June
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      60 2 r r indispensable reference books i for the I businessman r i comprehensive information on companies' profile, including management personnel details. w mk Updated introduction to people who matter in business and government. m Robinson's Bookshop The most authoritative compilation on the offshore industry. Detailed index with history of management
      60 words
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  • REGIONAL
    • Article
      Asean countries urged to strengthen alliance
      290 3 ASEAN countries have been urged to form a more cohesive alliance in order to safeguard their economic and political interest. A West German member of parliament, Willy Wimmer, said such an alliance was necessary as super powers could not be depended upon totally. "The
      290 words
    • Article
      Lock icon Manila inflation at 19.7pc
      132 3 Reuter INFLATION in the Philippines was running at an annual rate of 19.7 per cent last month. The Philipppine central bank gave no details May's monthly increase, but said the old method of calculating the consumer price index had been revised. The last figures issued by
      Reuter  -  132 words
    • Article, Illustration
      Lock icon Repatriation of Kampuchean refugees soon
      591 3 UPI UPI THAILAND will begin a systematic repatriation this week of Kampuchean refugees who wish to return to their homes. Relief officials said as many as 150,000 refugees may be involved. A Thai military spokesmen said: "Many Kampucheans have requested to be repatriated." Interviews with
      UPI  -  591 words
    • Article
      Lock icon Minister lashes out at injustices against poor
      292 3 AFP BANGLADESH Finance Minister Saifur Rahman has lashed out against the present international economic order for its "built-in provision of injustices" against the poor and less affluent nations of the world. Addressing a post-budget press conference, Mr Rahman said Bangladesh had been persistently
      AFP  -  292 words
    • THE REGION IN BRIEF
      • Article
        Lock icon LABELING RULES
        547 3 Agencies THE US State Department said it will insist that goods imported from Taiwan be labelled "Taiwan" or "Made in Taiwan". The department has advised the US Customs Service that the term "Republic of China" or the initials "R.O.C" do not indicate a government or state recognised by
        Agencies  -  547 words
    • Article
      Lock icon Tough fight likely at Umno elections
      223 3 AFT A TOUGH fight la expected at the forthcoming election of the youth leader of the United Malays National Organisation (Umns), the lending partner In the ruling alliance. The Incumbent youth president, Datuk Ha J Suhaimi Kamaruddln, Is challenged by former Unme Information chief
      AFT  -  223 words
    • Article
      Lock icon Another bid to raise oil prices
      148 3 AP THE Malaysiaa government bus received another application from oil companies to increase prices of petroleam products. Deputy Prime Minister Mahathir Mohamad said the oil companies are dissatisfied with the price Increase approved by the government on April 2S this year and had appealed
      AP  -  148 words
    • Article
      Lock icon Race riots grip Indian state
      191 3 UPI RACE riots have gripped the communist-controlled state of Tripura in northeast India. Reports said on Monday an estimated 85 persons have been killed in the last four days in bloody clashes between local tribes and migrant Bengalis from Bangladesh. Tripura, a tiny state of
      UPI  -  191 words
    • Article
      New Delhi willing to trade with Iran
      114 3 INDIA is willing to trade with Iran despite the West's economic sanctions against the country, official sources reported. An Iranian trade delegation, headed by Commerce Minister Dr Reza Sadr, began talks in New Delhi about buying Indian goods to counter the sanctions which
      114 words
    • Article
      Pernas to consolidate and expand in 1980s
      593 3 FOCUS ON MANUFACTURING THE 1900s will be a decade of consolidation and selective expansion for Malaysia's National Corporation (Pernas). The focus will be on manufacturing and resource-based industries. After 10 years of rapid development during which its family of subsidiaries and associate companies
      593 words
    • Article
      KL A BEACON OF HOPE
      534 3 DEPUTY Prime Minister Datuk Sen Dr Mahathir Mohamad has described Malaysia as a "beacon of hope" amidst the gloomy economic outlook prevailing on the international front. Malaysia holds promise for the international businessman seeking greener pastures in a world where people of all nationalities aspire
      534 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      255 3 Richard Ellis world wide C H WillioiTis (Pt©) Ltd International Property Consultants 2406 Shaw Centre, Scotts Road, Singapore 0922 Telephone *****55. Telex RS***** Below is a selection of properties currently available. For other properties on our lists telephone Mrs Molly Poh or Miss Pixie Ho. OFFICES TANGLIN SHOPPING CENTRE'S PHASE
      255 words
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  • RAW MATERIALS
    • Article
      Forecast of higher soybean output for Paraguay
      244 4 PARAGUAY'S 1979/80 soybean crop is estimated at 600,000 tonnes against last year's output of around 450,000 tonnes, Buenos Aires grain traders said. They said exports this year will total between 410,000 and 500,000 tonnes although estimates vary as it is difficult to assess
      244 words
    • Article
      WHEAT
      236 4 THE Chicago Board of Trade wheat futures finished US3 Vi to two cents a bushel higher on Monday in mainly local trade. Prices settled around the middle of a six cent range. Local pressure on failure to extend the earlier advance took values off day's highs, traders said. General
      236 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) C*tt*a yam: China Blue Phoenix 20s 2,200; 32s 2.590, 40s 2,850 (per bale of 400 lbs). Piece geede: China Butterfly and Globe brand unq; Dragon Head unq; Five Lamte unq; Flower and Butterfly
      193 words
    • Article
      RUBBER
      352 4 IN Singapore, the market closed firmer with July One RSS buyers quoted at 297.50 cents per kilo, up three cents from Monday's close, dealers said. The morning market finned three cents on local and upcountry buying with some profit-taking at the highs well absorbed, they said. The afternoon market
      352 words
    • Article
      RAS PRICES
      313 4 R A S prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b 296 00 297 00N Int. 1 R.S.S. July 296 SO 296.50 Int. 1 R.S.S. August 297 00 297.50 Int. 2 R.S.S. 286.50 286 50N UK/Coot 284.50 285
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    • Article
      SSR and SMR
      99 4 1 1 j z ardajr RA8 SSR20 SSR 50 (1-ton pallet) (1-ton pallet) (Carnal Mtk) Bayen 8eHer» 277.00 279.OON 2744» *****N Augiat (Forward Mtk) Bayers Seller* moo MO-MN 276.00 277,OON MRELB Mr Alfut 8MRCV SMR L SMR 5 SMR GP SMR 10 SMR 20 SMR 80 (1
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    • Article
      Straits Tin
      77 4 THE Straits tia price In Penang yesterday recovered M$S per picnl to $2,169, $24 above the International Tin Agreement ceiling, dealers said. Despite easier London conditions on Monday night, the metal recovered from the lows on renewed physical demand from the US and Japaa aad some Continental interest
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    • Article
      CLOSING PRICES
      39 4 Rubber June 10 Singapore: July: 297.50 cents (up 3.00 cents) Malaysia: July: 299.00 cents (up 1.50 cents) Tin: M$2,169 (up $6) (equivalent to $35.86 per kilo) (up 10 cents) Official offering: 191 Va tonnes (down 7V< tonnes)
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    • Article
      RICE
      333 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.06, 100 per cent second class 0.90, 100 per cent third class 0.88, 25 per cent new crop 0.80, B-10 per cent 0.68. THAI BROKEN: A-super 0.63, Special no stock.
      333 words
    • Article
      Produce exchange
      173 4 CHINESE Preface Exchange, WigBpwii, eMag prices per 111 kg yesterday: Ceeeant all: Bulk fob 132.00 sellers, old drum (in second hand drum) fob $142.00 sellers, new drum fob $148.00 sellers. Capra: Mixed (loose) $76.00 buyers. Pepper: Muntok white pepper fob Asta NLW $465.00 sellers, Sarawak white pepper faq
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    • Article
      SOYBEAN
      182 4 THE Chicago Board of Trade soybean futures closed US6 to 8 cents a bushel higher on Monday, near the top of an eight cent range. Local activity dominated slow turnover. Local short-covering continued to hold prices well above previous session levels. This surprised many traders since the market is
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    • Article
      LONDON MARKETS
      856 4 COFFEE: Robusta futures ended the morning session £9 to £17 per tonne down from Monday on sales of 790 lots. Dealers said trading was confined to the first four positions where values moved back to near Monday's lows in thin trading that saw some producer group selling towards
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    • Article
      PALM OIL
      129 4 IN Kuala Lumpur, the market recovered slightly on covering of short positions, dealers said. In the south and central regions, June rose M$10 each to $865 per tonne and July $12 each to $867. August was traded at $876.50 in the central region. The refined market remained featureless
      129 words
  • ASIAN STOCK
    • Article
      Sporadic liquidation of energy-related issues
      489 4 TOKYO SHARE prices closed sharply lower yesterday on sporadic liquidations in energy-related issues, dealers said. The market average fell 39.80 to close at 6,783.24, with volume 220 million shares. The Tokyo Stock Exchange index closed at 463.93, down 1.18. Selling pressure accelerated following investor concern
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    • Article
      Hongkong
      341 4 FURTHER gains In active trade were seen yesterday albeit at a slower pace. Mimicking Monday's performance, certain shares improved sharply, such as Tai Cheung while others lagged behind. The index made no further ground in the afternoon session. Cross Harbour Tunnel added another 40 cents to HKfll.80, this time
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    • Article
      Sydney
      384 4 STOCKS generally eased yesterday on selling pressure, dealers said. Energy stocks were hard hit and the mood spread to the industrials. BHP lost A30 cents to $14.65 and CSR 18 to $6.50 while Coal and Allied gained 20 to $12.20. Gold miners eased sharply, Central Noresman losing 50 to
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    • Article
      Bangkok
      241 4 STOCKS closed slightly higher yesterday in quiet trading, dealers said. First Trust rose three baht to 74, Jalaprathen Cement one to 109, Slam Cement two to 250 and Rama Tower 1.50 to 73. JUNE 10 Bah is Asia Credit Asia Fibre Ayulhaya lnv And Trust Bangkok Investment 162 •12
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    • Article
      Manila
      143 4 STOCKS closed generally firmer yesterday, with turnover rising to 3.7 million pesos from Monday's 3.4 million, dealers said. Atlas Con B, Benguet Con B, Lepanto B, First Phil Hldgs and San Miguel B firmed while the rest were unchanged or untraded JUNE 10 Pesos Acojt Mining Atlas Con A
      143 words
    • Article
      Lock icon Lower margins needed from today
      195 4 Reuter THE Tokyo Stock Exchange said it and the other seven Japanese exchanges will lower margin trading requirements for mo6t stocks from today, following a fall in prices of many shares and a trading volume slump. The margin requirements for most stocks, except 15 specific
      Reuter  -  195 words
    • Article
      Selected indices
      2 4
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      474 4 ASEAN TRADE SEMINAR JUNE 26 27, 1980 RELjC International House, Orange Grove Road, Singapore Organized by Applied Research Corporation and Times Organization ASEAN is the fastest growing economic region in the world. In recent years, ASEAN trade has come into prominence partly because of the cooperation pursued by the member
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  • OVERSEAS
    • Article
      Russians may stay in Afghanistan for several years
      305 5 RUSSIAN forces may remain in Afghanistan for several years despite the effects US sanctions are having on the Russian econmy. "The period of a Russian withdrawal has been elongated to a year or several years," said Marshall Shulman, special adviser to the
      305 words
    • Article
      Putting hostages on trial will raise problems
      221 5 IRANIAN President Abolhassan Bani-Sadr said the Americans being held hostage should not be put on trial because of. the problems that might be raised in Iran. Mr Bani-sadr was quoted by Ettelat newspaper as saying, "If we try them like elements of the
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    • WORLD IN BRIEF
      • Article
        Lock icon SPECULATION IN RUBBER
        510 5 Agencies SPECULATIVE interest in natural rubber is at present shielding prices from the effects of a possible slump in European demand for vehicle tyres similar to that in the US, rubber market and industry sources said in London. Rubber prices followed the rise and fall in precious
        Agencies  -  510 words
    • Article, Illustration
      Lock icon PLEDGE TO HELP THE POOR IN AMERICA
      393 5 Reuter PRESIDENT Carter has promised not to neglect the poor when solving the country's economic problems. "The United States is turning the tide against inflation. Interest rates are down sharply. Price increases are coming down. These favourable trends can restore consumer purchasing power
      Reuter; Source: UPI  -  393 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      736 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL TMA TL375 0715 BEY/BOM/KUL MAS MH621 0635 PEN SIA SQ101 0815 KUL CPA CX710 0905 HLP RBA BI421 0930 BWN MAS MH671 0930 PEN/KUL SIA SQ211 1000 HLP MAS MH605 1000 KUL GIA GA980 1000 HLP
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    • Article
      Lock icon World Bank President to resign next June
      277 5 Reuter WORLD BANK President Robert McNamara has announced that he will resign on June 30 next year when he reaches 65. He has headed the bank from 1968 since he stepped down as United States Defence Secretary under President Lyndon Johnson. The announcement
      Reuter  -  277 words
    • Article
      Lock icon Carter goes ahead with plans to attend summit
      829 5 AP P RESIDENT Carter of the US is making plans to attend a seven-nation economic summit conference later this month even though prospects for achieving any important agreement appear dim. None of the major participants seems to want to be the one
      AP  -  829 words
    • Article
      Lock icon No new move to cut energy consumption
      169 5 NYT THE Carter Administration has decided not to propose any new actions aimed at cutting energy consumption to replace the oil import fee killed by Congress last week. The decision means that President Carter will travel to the economic summit in Venice without
      NYT  -  169 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      147 5 BRUSSELS nDCCinCV JOHANNESBURG Singapore rnudlUtA Stockholm THE PRESIDIUM DIAMOND EXCHANGE AREA Of FICE: PRESIDIUM DIAMOND PTE. LTD. 21st Floor. Shaw To won. Boach Rood. Singapore 0718 Tol: *****41/2 Telex: ***** International Inter Dealer Market Indications JUNE 11 1980 G I A CERTIFIED FINEST CUT ONE CARAT ROUND BRILLIANT (U S
      147 words
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      Page 5 Advertisements Column 2
      4 5 SAVES ENERGY-YOU SAVE MONEY!
      4 words
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  • Article
    Cinema owners must show cause
    418 6 CINEMA OWNERS are clearly on the verge of asking the Government for permission to increase admission prices. This is the inescapable conclusion to be drawn from the joint statement made yesterday by the six owners whose representatives attended a recent meeting. Unfortunately, not one of
    418 words
  • Article
    Mitsubishi may be the wisest of all
    295 6 NOW, MORE than ever before, bankers will have to be really on their toes if they want to stay ahead of the competition. Gone are the days when they could take weeks or months to approve loans. Today, lending deals are concluded in
    295 words
  • Article, Illustration
    Emphasis is on specialisation
    914 6 CONCLUDING SUMMARY BY LEE YOKE MENG ON THE INTERNATIONAL FOREX CONGRESS SPECIALISATION seems to be the keynote in Singapore's next phase of development as a major financial centre for Asia in the years ahead. Speaking at the panel discussions at the 22nd ACI meeting last Saturday
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  • Article, Illustration
    Lock icon GETTY PHILOSOPHY
    911 6  -  By PAMELA HOLLIE NYT IN A SELF-ANALYSIS, the late multi-billionaire financier, J Paul Getty, commented that he might be considered a bad employer. "A good employer develops successors," he said. "There is nobody to step into my shoes." For at least three years after Getty's death in June
    NYT  -  911 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      192 6 Why idle away your life and languish in poorly paid jobs with no future when you can move ahead with the RIGHT QUALIFICATION? Enrol now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION for any of the following courses and get just THAT QUALIFICATION! Institute of Administrative Management Institute of Bankers London
      192 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      36 6 BliStoWVFraxijt Dickens UiP&CS Cor>vHG UP. voo'ge lfvtc ToDfvy. vV>) I r-O k. Ru-JRYS TR<eS LOIGCR -to OP "Me v>>RCbes LOCEK GpCM RP\CK£/T CONTRIVING (fiS »T D0C6 R SKJRP R mc3TTO, P* FSND R wrt. ra ut$&;J
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      1483 6 STALIN'S RULE PORTRAITS af Pawer te■igfct (Mtun SUUb: Mm •id Image. The pragramme, at liSp, ever Chuael 5, traces the first decade af Stella's rale fella wlag his saeeesaiea a( Jast befere the IJtpm aews la aasther haar af flawmB Flve-O. Sieve MeGarret sever falls la "baeh him" each Wedaeaday
      1,483 words
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  • Article
    Lock icon Interest rate subsidies carry heavier burden
    1189 7  -  By MARGARET HUGHES FT vTflE MUCH publicised suspension of new government backed export credits to Iran and the withdrawal of the extremely favourable credit terms available to the Soviet Union has high- lighted the crucial role of export cpxttts in international trade. A side
    FT  -  1,189 words
  • Article, Illustration
    Lock icon DRAWING A LARGE CROWD
    915 7  -  By ANDREW FEINBERG NYT CHARLES Saxon, a cartoonist for the New Yorker for the last 25 years, has a problem: so many companies have been buying his drawings for their advertisements that last year he was able to do only 15 cartoons for the magazine, tetf
    NYT  -  915 words
  • Article
    STRAWS IN THE WIND
    192 7 JAPANESE doctors say if you want to stay young, sit down and have a good think. Apparently, most of our brains are not getting enough exercise and as a result we are ageing unnecessarily soon. The good doctors observed from precise measurements that the front and
    192 words
  • Article
    Not wanted in the private media
    771 7  -  FOBUM, with WILLIAM SAFIRE WHAT IS the difference between commercial television and taxpayer-assisted, "public" television? The answer, one might think, is advertising. Not any more. Non-com-mercial television, which liad its reason for being in the freedom from sponsor pressure for high ratings, lias figured
    771 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      72 7 L/ ANNOUNCEMENT V BOUSTEAO SHAPING AGENCIES J SDN BHD PORT KELANG Jemporary office arrangements have now been made and we are oontactatte as folows;— Tel: Stopping- Vste Ops/Outward/ -*****7 Inward Frts Claims *****6/77 Export Forwanfng (location: Container Termrel North Port) Administration Accounts 4 i (location: C/o Dms Tradng Sdn Bhd
      72 words
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      Page 7 Advertisements Column 2
      430 7 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia Oil 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 coverage
      430 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        253 8 JUNE 0» FYs CORBEILLE Alr-Llqulde 564 2 B S N Gervals Danone #7# 3 C S F (ThomsonCM) Cle Francalse 506 11 des Petroles 2S650 1.5 Compafnle Flnanclere Compagnle 1 Generate 381 Credit Fonder De France 461 unch Hachette (Llbralrle) 240 90 -5.4 Machines Bull 56 -06 Mlchelln (B)
        253 words
      • Article
        Brussels
        94 8 JUNE 00 m FORWARD MARKET Acec na J Arbed 1910 -40 Ajtur 450 -6 Braican 874 2 Bni-Uunb 1352 -8 Can par 1034 unch Coci 283 -5 De Beers M(1 4 Ebes 1900 -10 Electrobel 5080 10 Ob-Inno-Bm 2415 5 Gev 1142 42 Hobok 2896 20 Petro 5240 40
        94 words
      • Article
        Frankfurt
        183 8 Alls Ver* BASF Bay H T Wbank Bay Vbank Bayer BBC BMW Cassella Chem Verw Commerxbank Contl Oumml 380 00 144-00 219-30 m oo 123.80 204 50 183-50 318-00 moo ***** 54 00B 4 unch 195 -1 unch -1 -13 2 1 08 Daimler-Bern Deguisa 285 50 237 SOB
        183 words
      • Article
        Amsterdam
        139 8 JUNE 00 FU abn 288.00 >2 SB SO 0.2 amev 87 40 102.50 -1 Amro Bank M OO *\2 96 50 58 70 -08 ***** 0.5 M80 0.7 Byenkorf 85 00 2.5 152.10 0.7 82.50 >1 140 50 1.5 26 50 307.00 26 00 0.1 Gelder Gistbroc 2910 unch
        139 words
      • Article
        Zurich
        194 8 JUNE OS Prancs Action* Sulsses Aiuiuiw Br. Alusuisse Ret. Brown Bored Br an* Oelcjr Br. aba Otlo PC 279 11(5 450 1730 1040 106 unch unch unch -15 -10 -IS Cite Oeifj Rcc 503 Credit Suisse Br 2110 Credit Suisse Ret si Elektrowatt Br. 2S0 Oeorfe Fischer Br 130
        194 words
      • Article
        Milan
        101 8 JUNE 00 Lire Ante 18 -02 Aiaoc Oen ***** 800 Bailocl MB 18 Centraie 11 MS -S Flat 1880 1 Flmlder 8BM 4.5 On 1 m mob a -175 tn pri 2340 2 ItaJcementl ***** 1280 133 J Italilder m unch MajneU M PI 530 unch Marelll Etc 335
        101 words
      • Article
        TORONTO
        211 8 JUNE OS CI AblUbt Alcan Alfom* Bmk Mont Bank Nova Scotia Bell Tel Beth Corp BP Can Ltd Brascan Camp Red Lake Can Imp Bk Can par Canpac In* Pf Carlinf OXeete Comlnco Cons Bath Com Mar be nor Dankoe Denlson Dom Stores 1VS 32 S1H 27S ao>« 43
        211 words
      • Article
        JOHANNESBURG
        314 8 JUNE 08 Rand INDUSTRIALS A Alpha Bo unch Abercom 185 unch AE And CI 750B 2325 AMIC unch Barlows 1000 10 Cf Sugar U20 CNA 480 Currle Finance 180 unch De Been Ind 2MB unch Edcon 530 -5 Edgars Ewead* Fed Volt 1 405 5 Fuglt 185B Oardlan Olenanl
        314 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      238 8 Where to wine, dine and entertain Delectable local dishes and Western lunches set in daintily stylish jpj-t Scandinavian decor. Popular SELF-SERVICt lunch daily From 10 30am to 3 00pm and snacks from 3 00pm -5pm Yc>u ve got to try it to believe! Fabulous harbour view DOLPHIN CAFETERIA Sentosa Isle
      238 words
    • Advertisement
      Page 8 Advertisements Column 2
      143 8 I m For banquets. For conventions. For other functions of flawless finesse. Functions for up to 280 guests International menus to choose from •Complete range of audio visual equipment •Ample parking space. JW<§> C «»iittu*y I *i»i-k SImtiiIihi SiimnjHinSHERATON HOTELS AND INNS WORLDWIDE NASSlM HILL. SINGAPORE 1025 TEL *****17 Operated
      143 words
    • Advertisement
      Page 8 Advertisements Column 3
      203 8 See Page 4 for Tokyo stocks and Page 9 for New York prices Feast like an emperor at Chinatown i. h Our chefs can whip up culinary delights that would excite even the most demanding of emperors Here at The Chinatown, we serve Szechuan specialties Name your favourites Or ask
      203 words
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      Page 8 Advertisements Column 4
      194 8 Noodles, mien or mee? It's the same. No matter what you call it. The difference is the way our chefs serve up to you. Whether it's fried, dry. or in a soup. Whether it's Hokkien-style, Cantonese-style, or local-style. You'll like the way we have with noodles, mien and mee at
      194 words
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      Page 8 Advertisements Column 5
      165 8 The K rs» Va Al *4 •-T ///II i WV».-1? -3S?* r* q L *fe~* S^SRC/ Baa -IW *4P. S-J 2F» dn^t r i safe** •astsarsi n r ~2 sfcs GRtLL o«$ K* Ybu don't know how good it is until >ou eat someplace else.* B 6th Floor Front Block.
      165 words
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  • BANKING AND FINANCE
    • Article
      National savings bank lives up to its name
      549 9  -  By ALVIN TAY ONE CANNOT really begrudge the Post Office Savings Bank (POSB) for staking its claim as the National Savings Bank of Singapore. Statistics for the period 1970-79 show that the POSB in fact overtook the commercial banks to become number
      549 words
    • Article
      Lock icon EEC meeting on petrodollars gets under way
      212 9 AFP FINANCE ministers of the European Economic Community (EEC) have gathered in Luxembourg to find ways of putting the massive amounts of excess petrodollars at the disposal of countries with balance of payments deficits. The system, known as recycling, now is mainly achieved
      AFP  -  212 words
    • Article
      Lock icon ADB should acquire 'soft loans' funds soon
      176 9 Reuter THE Manila-based Asian Development Bank (ADB) should soon be able to unlock urgently-needed resources for its "soft loan" fund for the region's least developed countries, bank officials said. The latest contributions from donor countries to the bank's Asian Development Fund (ADF), which
      Reuter  -  176 words
    • Article
      Lock icon Turkish currency
      151 9 Reuter TURKEY, which devalued its lira by 6 per cent against the US dollar and by roughly similar amounts against other major currencies on Monday, has said that the devaluation is due to changes in the international money markets. The dollar, which was worth 73.3 lira, is now
      Reuter  -  151 words
    • Article
      More optimism in credit markets
      524 9 UNEMPLOYMENT leapt and the producer price index tumbled dramatically in May, generating more optimism in the credit markets. There is little on the horizon to sidetrack to the long-term advance in fixed-income prices, although the pace of this bull market will certainly slow. The major
      524 words
    • Article
      Singapore market
      432 9 THE U.S. dollar plunged against foreign currencies on the foreign exchange yesterday. Dealers attributed the dollar's weakness to the falling US interest rate. Against the Japanese yen, the dollar fell to 215.00, the year's lowest, compared with a high of 265 in April this year. The US dollar
      432 words
    • Article
      TOKYO
      184 9 THE U.S. dollar for overnight delivery closed sharply weaker at 215.90 yen yesterday, compared with a 216.30 opening and 217.70 at Monday's close despite modest central bank dollar-sup-port intervention, dealers said. Trading was active but nervous with volume US$1.16 billion. The Bank of Japan bought an estimated $100 to
      184 words
    • Article
      Market achieves marginal gains
      1305 9 NEW YORK PRECIOUS metal and oil issues scored good gains but overall the New York stock market on Monday moved only narrowly higher in active trading. Analysts said expectations that interest rates will continue to fall provided market support but the Opec oil pricing conference in
      1,305 words
    • Article
      ASIAN $ RATES
      187 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on June 10: 7 days 1 month 2 months 3 months 8 months 8 months 12 months US DoUtr*<Sao<) Offer Bd 0 1/16 8 19/18 9W 9 9W 9H 9H 0V, 9H 9<4 9 5/18 9 3/18 95/18 9 3/18
      187 words
    • Article
      Discount
      6 9 nSiiiEIM Source: National Discount Co
      6 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12 per cent.
      22 words
    • Article
      Australia/NZ
      55 9 Australian and New Zealand exchanges opening quotes yesterday: Australian exchanges: US* 1.1567/1.1519 Stg 0.4950/0.4892 90 day air mail buying rates Stg 0.5196 US$1.2005 90 day fwd buying rates Stg 0.4989 US$1.1453 NZ exchanges: Reserve bank midrate US$0.9912 Trading bank indications US$ 0.9962, 0.9062 Stg 0.4246, 0.4216 90 airmail buying
      55 words
    • Article
      GOLD
      342 9 IN Singapore, gold futures yesterday closed generally easier compared with overnight levels in light trading, dealers said. They said the morning's easiness was due to news that all the Opec ministers except Iran had agreed to a US$32 per barrel oil price while the afternoon weakness to local selling
      342 words
    • Article
      LONDON
      238 9 THE U.S. dollar yesterday continued its downward trend against most major currencies in hectic dealing at the London exchanges, opening to reach 1.7564/7574 marks from the Hongkong close of 1.7588/7805 marks and Monday night's London closing of 1.7611/21. Sentiment remained nervous on falling US interest rates and the possible
      238 words
    • Article
      Hongkong
      132 9 THE U.S. dollar closed around its early levels in active trading yesterday, with business dominated by commercial orders, dealers said. The dollar was particularly active against sterling with dealers noting plenty of orders on both sides. Sterling closed at US$2.3430/40 against an early 2.3435/45, after dropping to 2.3370/80 at
      132 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      71 9 IM iW-rH Ul > 333 k j Penthouse j^gSLHwtaurant \VlYfa Holland Road.Shopping Centre \7] Opposite Chip Bee Gardtn Td: *****06 MSohtKf Seafood B.B.Q. NfeiiUy Steamboat $12/Mappy Hours: 3D0 pm to 6X)0 pm Drinks (20% discount) and Snacks m •Prompt Luncheons 'Catering: Functions •Gourmet Dinners •Buffet Parties Daily: 11.30 am to
      71 words
    • Advertisement
      Page 9 Advertisements Column 2
      170 9 Wendy Hutton's Li«i» ....more than just a cookbook! Here, for the first time, is a local cookbook that fives you more than just recipes. More, too, than lots of fascinatinf and relevant information about Singaporean ingredients and cooking methods. Singapore Food is unique because ft puts Singapore's famed cuisine into
      170 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1966 10 ftfTVand offer prices officially listed and business in and reported to the Stock Exchange of yesterday with th{ number of shares traded shewn in brackets in lots of l.fo units, unless otherwise specified. t SECTION ONE INDUSTRIAL j COMMERCIAL Aqpa (3.20B 3.22S)
    1,966 words
  • Article
    Unit trusts
    166 10 SINGAPORE UNIT TBU8T OUB-MONTAGU u> 109 The Commerce far Ju 11) 2.54 2 67xd Union Spore Fund tar ju 1.04 The Savings Fund 168 1.76 INCOME BOND UNTT S'pore Prog Fund 1.22 1 29 (Cttrraat pr kaa) S pore Sec Fund 2.08 2.18 Income Bond 1 20 1.36
    166 words
  • Article
    SHARE INFORMATION SERVICE
    2839 10 1 4 1980 High Low Company Last Sale Gr'a Div Div or- C'vr SECTION ONE Gr'a Y'ld Net P/E Vol COOO) Day High Low 91 INDUSTRIAL COMMERCIAL n 3§4 «0 396 •0* mo 366 245 220 116 140 270 60 275 246* 187 285 Acma Alcom Allied
    2,839 words
  • Article
    In Kuala Lumpur
    2025 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUnWALS IJiiaili (3.18B) (1) 3.22 Aleaai (2.20B) (7) 2.30 xd Alas HaM
    2,025 words
  • Article, Illustration
    Sellers put pressure on favourites
    661 10 MOST OP the prevtons day's star performers came uier p—S as prsflt tnkerw emerged Is numbers at tke Sbgamre Stock Exchange yesterday. Across the bsard, firm opealag prices were sssa forced lower. Although late hayiag support was evident towards the closing minutes, declines were more
    661 words
  • Article
    Kuala Lumpur prices dip
    552 10 THE KUALA Lumpur stock market took a dip yesterday as profit-takers moved in after more than a week of continuous advance. Prices, however, closed off their day's lowest, thanks to good support at the base level. Reflecting the downturn, the New Straits Times industrial ordinary share
    552 words
  • Article
    OUT GOING
    24 10 MR QUEK K1ah Hut has resigned m a director of Oversea Inlon Trust, and not appainted to the board as earlier reported.
    24 words
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  • COMPANY NEWS
    • Article, Illustration
      Hong Leong is poised for further expansion
      1016 11  -  By BIBIANA CHOO A PROFIT increase of 20 to 30 per cent is Hong Leong Finance's target for this financial year. General manager Mr Gan Khai Choon said, "We are gearing ourselves towards suitable businesses and a diversified portfolio so that whatever economic
      1,016 words
    • Article
      Pan Electric surpasses its forecast
      239 11 PAN Electric Industries has surpassed its own profit forecast by achieving a 12 per cent rise in earnings last year. At $6.84 million, group pre-tax profit is $340,000 better than the $6.5 million profit forecast by the company in its rights issue document last December.
      239 words
    • LATEST RESULTS
      • Article
        PEGI Malaysia Bhd
        46 11 report- ed unaudited group 1979 net profit of M$346,796 (loss $70,607 previously). The parent company had net profit of $234,874 ($159,004). The company is paying a dividend of 5 per cent gross (same), payable on Aug 26 to shareholders registered on Aug 5.
        46 words
    • Article
      Esso prepares for the competition
      627 11 ESSO Malaysia Bhd sees the increased activity in the oil business by the national oil company, Petronas, as an important new source of commercial competition. Esso chairman, Dr R J Kruizenga points out in his latest annual review that Petronas has commenced direct retailing of
      627 words
    • Article
      KINTA KELLAS DROP
      145 11 A DROP in tin ore output has contributed to an earnings fall at Kinta Kellas Tin Dredging Company. Unaudited trading profit after depreciation but before tax for the year ended March 31, 1980 was down 20 per cent at $3.5 million. Output of tin ore fell marginally
      145 words
    • Article
      HARCROS RAISES PROFITS
      429 11 ANNOUNCING a £6 million increase in 1979 taxable surplus to £58.38 million, on turnover of £639 million, against £546 million, the directors of Harrisons and Crosfield say I960 is expected to be another satisfactory year. First-half profits had risen from £22.64 million to £26.85 million. Full-year operating
      429 words
    • Article
      Loytape down
      118 11 MID-TERM earnings at Loytape fell considerably despite a significant increase in sales, probably because of rising costs of certain raw materials. Pre-tax profit for the six months ended March 31, 1980 dropped 42 per cent to $237,724 from $411,039 in the previous corresponding period. Sales, however, rose 21
      118 words
    • Article
      JERAM KUANTAN FALL
      82 11 A SHARP fall in trading profit has resulted in a substantial drop in pre-tax earnings at Jeram Kuan tan (Malaya). Pretax profit for the year ended Dec 31, 1979, declined 24.7 per cent to $476,000, made up of $361,000 trading profit and $115,000 investment income. The trading
      82 words
    • Article
      Lock icon Tussle pays off
      402 11 mm® HOCK LOCK SIEW THE DYNAMIC management of Hong Leong Finance, with its keen eye for opportunities and adaptability to changing circumstances, will most certainly see the finance company through some exciting times ahead. For one thing, shareholders will see an expansion of both its leasing and
      HOCK LOCK SIEW  -  402 words
    • Article
      RESULTS DUE
      189 11 Date Last Pnli Year Company Period Announced Net EPS Gross Pre-tax last year (cents) Dtv. <%> Profit (fm) A Choc F 17/4 9.7 3.0TE 2,413 K G Hold F 21/5 25.8 15.0 2,922 Lien Hoe F 25/5 13.8 13.5 3,400 Mentakab Rub F 30/5 26.8 32.0 698 C
      189 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      79 11 US$20,000,000 Floating Rate U.S. Dollar Negotiable Certificates of Deposit, due 14th December 1981 THE MITSUBISHI BANK, LIMITED (Singapore Branch) A In accordance with the provision of the Certificates, notice is hereby given that for the six months interest period from 12th June, 1980 to 12th December, 1980. the Certificate will
      79 words
    • Advertisement
      Page 11 Advertisements Column 2
      119 11 Make it a rule. Avoid red tape. Procedures. Formalities. Documentation. Clearance. The time saving benefits of International air freight can be quickly lost if you don't know your way through the complicated procedures on the ground. At Emery Air Freight we have our own highly trained and tested 'procedure experts'
      119 words
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  • Article
    NTUC Income gears itself for keen competition
    343 12 INSURANCE cooperative Income is preparing itself for the keen competition it will face when the Central Provident Fund goes into the life insurance business next year. It is drawing up aggressive plans to promote more innovative insurance schemes. Income will concentrate on schemes
    343 words
  • Article
    OCBC prime at 11pc
    194 12 OVERSEA-Chinese B a n king Corporation has lowered its prime lending rate to 11 per cent, bringing it one point lower than the average prime rate of 12 per cent. The quarter-point cut in the prime rate comes on the heels of interest rate reductions by
    194 words
  • Article
    Malaysian shippers happy with amended SMA
    366 12 MALAYSIAN rubber shippers are satisfied with the outcome of the extended Separate Merchants Agreement (SMA) which significantly reduces the amount of dry rubber and bulk latex contracted to the Far East Freight Conference (FEFC). The amended agreement comes into effect on Sep 1. Mr
    366 words
  • Article
    LONDON STOCKS
    822 12 LONDON, Tues. Government bonds closed lower and equities sharply below the day's highs following of UK banking data. The figures suggest a rise in sterling M3 of 2 pper cent which would effectively rule out any cut in minimum lending rate for the time being. Consequently, bonds closed
    822 words
  • Article
    Lock icon Iran selling oil at a discount
    698 12 NYT AP FACED with a lack of customers, Iran is quietly cutting the prices of its crude oil by as much as US$3 a barrel. Diplomatic sources in Teheran said discounts are also reportedly being offered on refined fuel oil in a bid to
    NYT; AP  -  698 words
  • Article
    Lock icon Opposition wants Ohira to step down
    159 12 Reuter JAPANESE opposition parties yesterday pressed Prime Minister Masayoshi Ohira to step down from power after doctors on Monday said that he should not go to the Venice economic summit later this month for health reasons. The premier, in hospital with heart trouble, has
    Reuter  -  159 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      264 12 i d y&rt ts&T)Gfi t Disco Fever Outbreak A new malady has been reported by owners of discos. More dances, wilder dances and hotter music have caused many a disco's power bills to rise dramatically. Said one disco owner, "When I saw my power bill I started shaking like John
      264 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      60 12 eWEAT-HER" Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report for 24 hoars prior to 7.3# p.m. on June 19 at the airport. Maximum temperature 31.5 Associated humidity 67 Minimum temperature 24.7 Associated humidity 96 Hours of sunshine 1100 Rainfall in millimetres Nil Total rainfall for
      60 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Freight earnings up
        96 13 Reuter SOUTH Korea's international shipping freight revenue increased 69 per cent to $548 million in the first four months of this year from $324 million over the same period in 1979, the Korean Shipowners Association said. Korean ships carried 22 million tonnes of cargoes during the four-month
        Reuter  -  96 words
      • Article
        Lock icon SCI's transhipment service
        88 13 AFP THE state-run Shipping Corporation of India, SCI, will start a container transhipment service to Nigeria via Marseilles from June 25. A SCI spokesman said the service will be part of the corporation's west coast of India/US Great Lake service. The fully containerised SCI vessels, with a
        AFP  -  88 words
      • Article
        Lock icon Offshore oil rigs order
        83 13 AFP HITACHI Shipbuilding and Engineering Co of Japan has won an order for two offshore oil rigs from Offshore Investment, a member trading company of the US Conglomerate Hunt Group. Hitachi did not disclose the value of the order but informed sources said it was around
        AFP  -  83 words
    • Article, Illustration
      Heavy-lift cargo of 350 tons for Hoegh Clipper
      587 13  -  By GOH ENG KEE HOEGH CLIPPER, one of two multi-purpose cargoliners deployed by Hoegh Line on its round-the-world service through Singapore, recently displayed its versatility by transporting a heavy-lift cargo from the US to the republic. The 29,900 dwt Hoegh Clipper, which
      587 words
    • Article
      Lock icon Blowout at Offshore Company drillship
      124 13 Reuter OFFSHORE Company, a Southern Natural Resources Inc subsidiary, said the Discoverer 534, a large drillshlp owned by one of its subsidiaries, experienced a blowout of the well it was working on last Friday while operating off the coast of Brazil. A Are resulted from
      Reuter  -  124 words
    • Article
      INDEX TO ADVERTISERS
      589 13 Shipping Use CM Shipping Line PW Cal Adriatic IV 5 Evergreen IV 3 Afea VI 3 Fesco V 1/2 Alfred vm 1 Flotta Lauro V 5 All trans VI 5 Fortune VI 5 Alpac VI 5 Franco-Belg m 4/5 Angkutan VI 4 Frota Line V 4 ANL
      589 words
    • Article
      Dutch shipowners association takes Unctad to task
      463 14 CRITICAL REPORT THE ROYAL Netherlands Shipowners' Association has taken Unc tad to task in its 1979 annual report published recently. The report is highly critical of the activities of Unctad (the United Nations Conference on Trade and Development), "which in the past year
      463 words
    • Article
      Lock icon S'pore proposed as member of UN zone of peac
      138 14 Reuter A UNITED Nations committee designed to make the Indian Ocean a zone of peace has proposed membership for 11 countries, including Singapore, from among the ocean's littoral and hinterland states and its major maritime users. The chairman of the 31nation
      Reuter  -  138 words
    • Article
      APL/s new rail service between LA and New York
      316 14 AMERICAN Preaftdeat Uses has •pemed a direct weekly traaacaattaeatal rail service betweea Lsa Aageles (San Pedra) aai New Yark ta aswe tact, caasisteat cargo delivery betweea the Par East aai the Narth Attaatlc regtoa. The service, which began laat Death, prevMea
      316 words
    • Article
      Container Schedules
      505 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
      505 words
    • Article
      LONDON FREIGHTS
      1617 14 CHARTERING was moderatively active in the North American grain sector on Monday, with rates remaining steady. A vessel was secured from the US Gulf to Belgium at US$23 (fio) and from the Gulf to Taiwan at $47 (fio), both with July loadings. A 32,000 ton cargo was covered
      1,617 words
    • Article, Illustration
      Wilhelmsen reports a drop in profits
      809 15 POOR TRANS-PACIFIC TRADE NORWEGIAN SHIPPING and offshore group Wilhelm Wilhelmsen fared poorly in the trans-Pacific trade last year. Exports from the Far East, particularly Japan, to the US declined, leading to a tonnage surplus, fierce competition and meagre profits. But Wilhelmsen is confident that
      809 words
    • Article
      Lock icon Another attempt to row across Atlantic
      207 15 AP STEVE Kurachi, a 28-year-old American, has become the second man to attempt to row across the Atlantic this year but apparently has made no plans for radio contact with Canadian authorities. A Canadian Coast Guard spokesman said Kurachi had a marine radio aboard
      AP  -  207 words
    • Article
      Lock icon Fire-damaged Marathon rig reboarded
      87 15 Reuter MARATHON Oil Company has said that the fire-dam-aged drilling/production platform on East Cameron Block 321 off the coast of Louisiana has been re-boarded to start clean-up operations and assessment of damages. The fire, which started on Sunday, was extinguished later that day and the platform's
      Reuter  -  87 words
    • Article, Illustration
      SHIPS IN PORT
      583 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Asian Clipper (Ro/Ro) (1600 tide, after Aegis Heroic, must vacate 1830/13th, required portside to) 6/7 Baipao (hauls after Chang Ling shifts) 31/32 Car Liner No 1 (Ro/Ro) (0100) 44 Chang Ling (shifts after Johneverett unberths) 46 Diny (0700) 29 Fair Rainbow (after
      583 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2841 19 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      2,841 words
    • Article
      SHIPPING EVENTS
      196 20 ARAB Parte June 16-17, London. Contact: IC Expo Ltd, 63 Long Acre, London WC2E 9JH, Telex *****57. Ship Finance: An oaderstaading ef the financing methads available far new aad acceadhaad ships aad the imptleatleas ef each June 17-19, Royal Aeronautical Society, London, UK. Contact: The Seatrade Academy, 90
      196 words
    • Article
      Lock icon Record rates paid for grain and coal shipments
      734 20 AFP RECORD rates were paid for grain and coal shipments out of the United States on the London freight market last week as recent sustained demand continued. More fixing was reported by Soviet and Chinese charterers, mostly on a time-charter basis. Ore
      AFP  -  734 words
    • Article
      Bill approved to regulate deep sea mining
      179 20 AP THE US House of Representatives has approved legislation setting up an interim mechanism to regulate deep sea mining until international treaties on the subject can be negotiated. The bill, approved by voice vote on Monday and sent to the Senate, would require
      179 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 (FAR EAST/EUROPE): Franco Belgian Services. •K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedlloyd Lines. Neptune
      134 words
    • Article
      Lock icon Tramp trip charter index fell in May
      112 20 Reuter THE General Council of British Shipping's tramp trip charter index fell slightly to 269 in May from its four-year peak of 275 in April. The council said the latest figure confirmed the view that the dry bulk markets continue firm, but rates
      Reuter  -  112 words
    • Article
      WHO ACTS FOR WHOM...
      1468 20 The leading shipping lines operating from local ports and the agents who handle cargo bookings for them. A B Adriatic Caatalaer Continental Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agencies (S)/Euro-Asia Line (PK/PN). Alfred C. Taepfer Sea Consortium (S)/Marintex Enterprise (PK). Alpae Intrasea (S)/Yeo Shpg and
      1,468 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      433 13 Everett Lines FOft THI MOST FBIQUINT SAIUNOS TO Bangkok honckomc •japan PUSAN Everett Steamship Corpn. 8/A Cfc M o»< C*"*'# **4«l 9 JO tax* S"W l"« JO 10J OC §C §*9 T* 2' 44' J Sa\NIP CO 0NC T* j«"?T s 4fc: J> J A R I) 1M AN I
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      333 13 mi SEALORD ANTAH fiv UASC UNITED ARAB SHIPPING CO (SAG) mi'IM 'ui, EXPRESS MULTI-PURPOSE SERVICES loading for Dubai (27/6), Dammam (30/6). Kuwait (2/7). Abu Dhabi (7/7), Doha (5/7) Mina Qaboos (3/7), C Dubai (4/7). Abu Dhabi (6/7). B Dammam (9/7), Kuwait (11/7) I Dubai (28/7), Dammam (31/7), Kuwait (3/ fc
      333 words
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      20 13 mm CONTAINER Schedules LONDON Freights SHIPS In Port SHIPPING List REGIONAL Weather WHO Acts For Whom SHIPPING Events THE Consortia
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      553 13 TRACONS SERVICE TRANS SIBERIAN EXPRESS SERVICE TO Rumania. Bulgaria. Czechoslovakia, Austria, tancary, Switzerland. Yugoslavia, Luxemburg, Finland, Poland. Norway, Sweden, Belgium, Denmark, any central, east south European LJ,„ I ■mog povm. Integrated Agency Pte Ltd Td: *****93/4 Tl*: RS 220 r.'i inn MAERSK LINE EXPORT TO U S. PACIFIC, GULF, ATLANTIC,
      553 words
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      583 14 LEO SHIPPING PTE LTD. SINGAPORE PERNAS-MISC SHIPPING AGENCIES SDN BHD PORT KELANG PENANG MALA YSIAN MTFRNA TtONAL SHPHNG CORPORA TION BERHAD Container Service To Etmpe HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 Fran Eirope 1) G burg 2) H'burg 3) B ten 4) Rdam 5) Le H P Aeiing
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      Page 14 Advertisements Column 2
      217 14 B|5 SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA N-Mni Ma »/6 MB m 1/7 •kUqFaCMUwrir HTOtf CM Mm* M CM* rwi N Tat 1 MM 17/7 22/7 24/7 25/7 27/7 2-3/7 2/1 6/8 8/8 10/8 11/1 1711/7 17/1 22/» 24/8 25/8 27/8 St Ma Oil
      217 words
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      524 15 Overseas B MB 1 Containers \imm Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Containership Services To/From Banffcok CONTAROSHF SEBV>Ct TO UK/CONTWENT: NVq Spare P Kelartt O'mjrt Br em Tot to Bay 13 km M 4 M Kit mo Maru 20 kit 9
      524 words
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      Page 15 Advertisements Column 2
      474 15 A Franco Belgian Services Jp- (F'ir Fas! Frtnch Service ti lth Belgian Far Eastern Lines'* A a CONSORTS X C.M.C.R. f AR EAST FRENCH SERVICE CompMjni* MD*s rrt«rg«uri nrmhf O* MED CLUB Seatrain Pacific Services S.A. HI a— —I B M nno*a n pen j nm contmp service from usi
      474 words
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      480 16 Hapag-Lloyd TO NORTH EUROPE mi cowninsynts aw TrtyoBay 13'6 Kitano Mara Lnrerpwl Bar 22/6 Kvama Maru iambi*j Eipress 30/6 C<t» of Edrtwp 4/7 TO MEDITERRANEA ran CWTUfl Fxpwss smm TO HOKTH EUTOPt/IByTDWAHA $0t\tfT Spore PK Pen Bilbao Genoa H burg Bremen Rdam Antwerp 14/6 16/7 12/7 10/7 15/6 17/4 29/7
      480 words
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      Page 16 Advertisements Column 2
      671 16 KOREA LINE SHIPPING CORPN P. KeUng VEGA 149W 17-21 June VEGA 150E 17-21 June ALTMR 153W 11/14 My ALTAIR 154E 11/14 July 13/16 June FROM BUSAN BANGKOK 13/16 June TO BUSAN INCHON 15/19 Jdy FROM BUSAN BANGKOK 15/19 July TO BUSAN PENANG CALL SUBJECT WOUCEMENT KSC KSC KSC KSC KSC
      671 words
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      Page 16 Advertisements Column 3
      508 16 ©EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTMG CARGO FOR HAMBURG FELIXSTOWE ROTTERDAM ANTWERP, II HAVRE ALSO ACCEPTMG CARGO FOR UNITED K KG DOM SOUTHAMPTON. LONOON. MANCHESTER. BJRMMGHAM BRISTOL, LIVERPOOL GLASGOW. LEEDS WEST GERMANY MEMEIMVEh HOLLANO AMSTERDAM S'pn Mtvda* F*itwi Unp U Hot e»« MU 13 kM 4 Mr
      508 words
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      Page 16 Advertisements Column 4
      803 16 Everett Lines! Barrm Frvt Star Shippini Corfu. "BURMESE NATIONAL LINE L0A0M6 FOR RANGOON rp«* NM* mm m jm/u jw PA-AM (BBOMMWt OtT) IV If JM mmurrm um iw B F.S.S.C. Ag«n» w\ AAatoywo TEPS MALAYSIA AmJI Transport toon Marrtimi Mexiana S. A. "MEXICAN NATIONAL LINE" FM EAST/MEXICO b CENTRAL AMERICA
      803 words
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      Page 16 Advertisements Column 5
      479 16 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE AUSTRALIA SERVICE imvnwcE OMB DUKE Km SMUT Sicyri P. Kate* LM*C 17/19 Jk 20/21 Jw SYD, MEL. ADEL 11/21 My 21/22 My SVD.ICL.aDa BANGLADESH SERVICE 20/25 Mm CMTTMONC, CHMJM JAPAN/STRAITS SERVICE ShflfNrt P. Keianj Pcrunf SJM In tot 15/11 Mm 17/11 M»
      479 words
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      903 17 k. PIL GROUP EAST AFRICA/REDSEA SERVICE rJUh« Nwi ta Pt/17 Int KOTASLMMT fan/14 Jm KOTA RAM 25/30 Jim IOTA SABAS 10/15 My COLOMBO/KARACHI/P. GULF SERVICE to Karachi Ma Qatoos Kuwait KOTA MA Kmnft KaracM KOTA MAS SINGAPORE/CHITTAGONG/RANGOON/SERVICES Oar EsSalaan Mombasa. HodtMah. MM. Port Sudan Colombo Dammar. Kuwait. Basrah SINGAPORE/BANGKOK/SINGAPORE DIRECT
      903 words
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      Page 17 Advertisements Column 2
      697 17 1 J I II ll ll ll 1K-. BEN LINE CONTAINERS OTKSS comuo soma TO/FROM EMKVC FAOM FURCPt H BURG B HAVEN ROM* HA VIS SOTO* to Ger*M«ir/A«stna Beneka fruet M UK P Um( S pore Far Immm Hn bM SaM W W M 14/C 19/9 HR. TWN Oh ft
      697 words
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      Page 17 Advertisements Column 3
      563 17 It/ k A y V f ScanDutch V WEEKLY EXPRESS CONTAINER SERVICE ipemcau/i i out* 71/1 inKUM I OMt* 5/7 I PUIACAlt/7 1 P0IA6A12/7 iTeceo*. (mm. tig UnrpM III. Cmn DTWinifWt 7)Ti«o 4)Tte J)UM OVnBmI raw at at at m •o an at at at m at at htat iv«
      563 words
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      Page 17 Advertisements Column 4
      537 17 2.f M hi i K I J ft r ill A f; if] }/j u t! s. r V A i •!j« An, f H BOUSTEAD s""™ 0 AGENCIES THE BANK LINE LTD LOADS FOR E. I S. AFRICA »•**■>■ J/11 My 12/16 My 25 My 31 My (aim loidMt
      537 words
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      844 18 K LINE KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA Exhr te«4w mHk the nAtk m rap«t c*rm ah* KC«p«iMt tar IMM Vaoumr Porte* Hawtan, Gatreten. lb* Orfean. Ml RCAIOR 18W C ROZE 20* K JACEWONSW HK CONTAHER 21W 0 CHEF 2W TO EUROPE Spore P Kefang LHawe
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      Page 18 Advertisements Column 2
      556 18 CALIFORNIA/PACIFIC NORTH NEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Im*« Mr LOS ANDES. SM FRANCISCO. SEATTLE. TACOMA VANCOUVER. R.C A<ceptag FCL/FCL CKiw P Keimg Smgapwt I taplts Mi 14 Rat IS Rm 11 Mi PVR* 17 Jtfy 12 faf AUSTRALIA EXPRESS CONTAINER SERVICE Accepfeg FCL/FCt Cwt—n NEW ZEALAND SERVICE DTRfNR ■URBTOl I
      556 words
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      Page 18 Advertisements Column 3
      582 18 S 3 A(iroiii) SINGAPORE SHIPPING AGENCIES PTE. LTD 20TM FLOOR OCEAN BLMLO'NG S'NGAPORE i MARKETING *****2 |3 LINESi GENERAL 91 3111 114 LINE Si TELEX RS 24S9S RS 2SS68 A B C ARSHIP C A BL E CARGOSMIP rani KcyiMial Container Lilies WEEKLY CONTAINER SERVICE to/from BANGKOK TURQUOBE TURQUOISE turquoise
      582 words
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      Page 18 Advertisements Column 4
      542 18 GRANARD LINE INDEPENDENT A TTRACT1VE RA TES u MEDITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CAM CO FCL OSLY FOR; PORT SAID. ALEXANDRIA, BEIRUT LATTAKIA. UMASSOL, ISTANBUL PIRAEUS Specially engaged agents i stevedores providing immediate discharge S'Ptr* PJteia* IMON KW YORK V. 38W hPvt 13 FORTUNE STAR V.39W 2 M NAN
      542 words
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      Page 18 Advertisements Column 5
      662 18 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****1123S4057 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE MOON NB79— NO*ASIA NBK. NORASIA ma. S'pvt P. Kotanf .22 lun K km -19JM 23 JM 9 Aug 12 Aug Lnti| far. BOULOGNE/ROTTERDAM/UK (AVON) BOULOGNE/IK (AVON) ROTTERDAM/CAEN Agents Singapore KTRASEA (PTE)
      662 words
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      774 19 1 NOL NEPTUNE ORIENT UNES LTD TO EUROPE/UK (VIA SUEZl: S'ptre MERCATOR 17/6 C. R02E JL 22/6 K. ACE WON 28/6 HK CONTAMER 3/7 0. CHEF 9/7 S.S. BRIDGE 15/7 N CORAL 22/7 Container feedered to/from F'stowe Also accepting cargo to/trom Scandinavia FROM EUROPE (VIA SUEZ): HK CONTAMR. 0. CHEF
      774 words
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      Page 19 Advertisements Column 2
      86 19 NOTICE Kjl WATERMAN STEAMSHIP KJ CORPORATION |Qj Is plaassi ti inmci tlM HMwcwiit if a rcplar Mithly LASH ttrvict affartai carfa spaca fraai Stitfe East AsIm ptdsta U.S. Atlaatlc. 6alf art Mississippi livtr parts. Th« first soiling will be the vessel Voy. Penoog Port Kelong Singopore "GEORGE im*:" (BK. 1974)
      86 words
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      Page 20 Advertisements Column 1
      550 20 EXCLUSIVE LASH SERVICE TO U.S. ATLANTIC GULF Accepting cargo for Norfolk, Camden, Baltimore, Philadelphia, Chart—Ion. Savannah, New Orleans, Mobile, Paecagouia, Houston. Qahrealoii and Baeumont. Alto occeptioq cargo on through Bills of Lading to Mississippi River Ports by arrongomoflt Penang P Man? Singapore Voy Closing Closing Sailing Closing Sailing GEORGE wrn*•
      550 words
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      Page 20 Advertisements Column 2
      155 20 ES OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, TRADEMAR PTE LTD of Suite 1101A, 11th floor, Marina House, Shenton Way, Singapore hereby give notice that in consequence of our client's intended change of name of the motor vessel "NORDBAY" we have applied to the Registrar of Singapore Ships,
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      167 20 rrrr V SHIPPING i; I >: o Regional Weather h ts 03 I V; a; 30 1 2\? m St! I fe 282 AS **rj V v* fc-5 S6 as Mk T ZS s SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LBOBND: R Thunderstorm Shower Rain Cloudy
      167 words