The Business Times, 11 July 1980

Microfilm: NL10697
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 119/1/8$ FRIDAY, JULY 11, lfM 50 CENTS
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  • BRIEFLY...
    • Article
      India rapped
      60 1 SINGAPORE'S Second Deputy Prime Minister (Foreign Affairs) S. Rajaratnam yesterday accused India of breaking the basic principle of the Non-Aligned Movement. Speaking on his return from Tokyo, Mr Rajaratnam added that India is the only non-Commu-nist country to have recognised the Heng-Samrin regime and that to this extent,
      60 words
    • Article
      Lock icon Attack cools down
      69 1 AFP MANILA, Thurs. President MaTcos toned down the Philippine government's attack on India's recognition of the pro-Vietnamese Heng Samrin regime in Kampuchea by saying that the move was "probably part of efforts to dissipate tension in the area." In an interview, he said the Philippines as a
      AFP  -  69 words
    • Article
      Lock icon Elevator venture
      65 1 Reuter 'HONGKONG, Thurs. Schindler Holdings Ag and Jardine Schindler (Far East) Holdings Sa have received official approval for an elevator production joint venture in China, Jardine Schindler said. A new company, China Schindler Elevator, capitalised at US$l6 million equivalent, has been formed. Jardine Schindler and Schindler Holdings will
      Reuter  -  65 words
    • Article
      Lock icon Budget deficit
      73 1 AFP LONDON, Thurs. A central government budget deficit of £4,530 million was recorded in the first quarter (April-June) of the current financial year, against £3,797 million a year earlier, the Treasury announced today. The deficit occurred despite the cut-backs in public sector spending made by the Conservative government
      AFP  -  73 words
    • Article
      Lock icon EEC draft budget
      49 1 Reuter STRASBOURG, Thurs. The European Economic Commission today announced a draft budget of US$2B billion for 1961. Commissioner Christopher Tugendhat outlined the draft budget to the European Parliament, which shares with the EEC Ministerial Council the task of drawing up the final budget by December. Reuter
      Reuter  -  49 words
    • Article
      Saudi takeover
      56 1 BAHRAIN, Thurs. America's second-largest hank closed its doors today for the last time in Saudi Arabia and will re-open next week under a new name and Saudi control. Citibank of New York became the last major foreign bank to have its operations in the kingdom taken over by
      56 words
    • Article
      Policies unchanged
      32 1 TOKYO, Thurs. Mr Zenko Suzuki, who is expected to become Japan's next prime minister, said he would pursue and develop the policies of the late Prime Minister, Mr Masayoshi Ohira.
      32 words
    • Article
      Lock icon Dow Jones
      66 1 AP NEW YORK, Thurs. The stock market headed lower this morning, pulling back after several unsuccessful bids to crack the 900 barrier in the Dow Jones industrial average. The Dow average of 30 blue chips dropped 2.99 points to 894.28 in the first hour. Losers took a 3
      AP  -  66 words
  • Article
    Chief Price Changes
    145 1 Rises Indices Rnkman Hyd Magnum Corpn Lower Ptrtk Peril* Plant 8thn Kinta PMC Pnblic Bank I C B OCBC Sal Properties Taa Chong Aetna 1210 1050 1200 472 1850 865 440 515 1000 900 850 330 570 75 80 50 30 30 28 +21 20 20 20
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  • Article, Illustration
    KUALA LUMPUR
    142 1 Rises Indices S Mai Tip 28.00 1.50 Jul 9 Jul 10 Rahman Hyd 13.00 +1.10 B.T. Index: *****.*****72.93 Malayan Tin 40.50 1.00 Industrials: 652.53 663.06 Magnum 10.60 .80 Finance: 909.44 920.96 LPerak 12.40 .50 Hotels: 378.36 378.46 Pw lis 4.76 .46 Properties: 437.12 439.67 Tan Chong 8.50 .30
    142 words
  • Article
    Sharp increase in car sales
    726 1  -  FORWARD BUYING By CATHERINE ONG CAR-OWNERS in the Republic appear to be a sturdy breed, statistics of car sales for the first halfyear show. These figures, compiled by the Motor Traders Association of Singapore' (MTAS), show a nearly 42 per cent increase in the number
    726 words
  • Article
    Claims received by Motor Insurers
    247 1 THE Motor Insurers' Bureau of Singapore (MIB), whose main objective is to make compassionate payments or allowances to persons injured and to the dependents of persons killed through the use of motor vehicles, received only four claims for the financial year ending March this year.
    247 words
  • Article
    Employers cannot withdraw this rise
    436 1  -  By FONG MEW LENG THE Government has decided that the 3 per cent to be paid to an above-aver-age worker under the latest National Wages Council guidelines should be considered part of his salary. This means that any increase made is not retractable even if
    436 words
  • Article
    Asean textile knowhow
    296 1 THE Institute of Technology at Bandung, Indonesia, has taken the first step to help improve the know-how of textile manufacturers in Asean. The institute,, which acts as the Asean Fibre Centre, will conduct two courses either in September or October for textile manufacturers involved in cotton classification
    296 words
  • Article
    Market index reaches new 7-year high
    247 1 THE Straita 11m Motrial Index rncM a new Hvca-yw klgk af 551.1t palate yesterday. Attar havering araaad Ml for tw» weeks, the lades llaaUy toak a dtottaet tan far the better. The Baalaeaa Tlasea ladieatar alt* rate IMS palate to 64«-«. la twi days
    247 words
  • Article
    Times Pub makes offer for rest of MC shares
    524 1 TIMES Publishing Bhd, which last month acquired 27.1 per cent of UK publishing company Marshall Cavendish (MC) in a lightning "dawn raid", has made a general offer for the remaining shares. In an announcement yesterday, J Henry Schroder Wagg and Co,
    524 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      26 1 =\]|>::&,-]\.*|[?;^%<]!*)%<;@`@ GLORY DESK-TOP BANKNOTE COUNTER r~§jp mtlHftt MACHINES SYSTEMS |S) PTE LTD 47 PoOwm (Uock GoMMI Plaza New»n Road Singapore 1130 T« *****94/6 CaO* BUSHESTEMS Singapore A
      26 words
    • Advertisement
      Page 1 Advertisements Column 2
      42 1 "They feel lighter, look more elegant and as beautifully detailed as ever. An exceptionally attractive slip-on in 4 special colours. Black Kid White Kid Taupe/Beige Kid Brown Kid Sole Agent for S.E. Asia, Hong Kong Taiwan S.G. PARRETT SON (PTE) LTD. Singapore
      42 words
    • Advertisement
      Page 1 Advertisements Column 3
      52 1 Leader...Page C SHIPPING TIMES BUY the company la which y* WARNING ef TWO hiuuil—lMP •< the rfae GUTHRIE Carp expects Is the price ti geM 1 he* year THE grawth peteatlal at WD- INVESTMENT toad far Bam Jacka (M) 11 devel«proeat WHKBE AIRCRAFTS,TV AND RADIO«,«088WORDI RE TO WINE AND DINE
      52 words
    • Advertisement
      Page 1 Advertisements Column 4
      207 1 Don't leave home without it Consumer demand patterns in ASEAN ABQ 2nd Quarter 1980 Asean has one of the world s highest growth rates and with increasing affluence, consumer patterns among the five member countries of Indonesia, Malaysia, Philippines, Singapore and Thailand are expected to change in the coming decades.
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      384 2 SEMINARS AND COURSES July 10-11: Mini-Computer Applications Seminar, Hilton Hotel (Japan Room); Medora, Tong, Chow AssociatesTouche Ross International July 12: Industrial Relations Workshop, P.O.D Training Centre, P.O.D. July 15-16: Successful Selection Applications of Mini-Com-puters, Shangri-La, Price Waterhouse July 22: International Business and Financial Challenges in the '80s, Shangri-La
      384 words
    • Article
      Shell welcomes back motorists
      467 2  -  ADVERTISING CAMPAIGN By RONNIE LIM SHELL yesterday broke its three-week run of "Stop Searching" advertisements pitched at local motorists with a new "Welcome Back" sign. The move marks the latest blow in a "David and Goliath epic" which began when Caltex (which has a 10 per
      467 words
    • Article
      Reducing engine wear
      379 2 MOTORCAR users and industrialists in Singapore can look forward to a new product, Lubri-Lon, to reduce engine wear. Though Lubri-Lon comes in liquid form in a can, it is not a lubricant, but a permanent metal treatment process. It covers all engine metal surfaces with a permanent
      379 words
    • Article
      Speedpost service to China
      142 2 THE international express mail, called the "speedpost" service, will be introduced-to China pn a reciprocal basis frsm Tuesday. The service will be available to addresses in Beijing, Shanghai. Guangzhou, Fuzhou, Tianjin and Shenzhen. Business and commercial papers, business samples and merchandise can be sent under this
      142 words
    • Article
      AGM FOR DIAMOND IMPORTERS
      79 2 THE fourth annual general meeting of the Diamond Importers Association of Singapore (DIAS) will be held today at its office in Far East Shopping Centre. Two more ordinary members will be elected into the committee, bringing its strength from seven to nine. DIAS' honorary secretary, Mr
      79 words
    • Article
      Sisir licences
      36 2 THE Singapore Institute of Standards and Industrial Research (Sisir) will be holdttig its 10th presentation of SISIR mark licences tomorrow. Mr Teh Cheang Wan, Minister for National Development, will be the guest of honour.
      36 words
    • Article
      Petronas may step in to supply more LPG
      471 2 PETRONAS may play a greater role in the bulk supply of liquefied petroleum gas (LPG) if its current contribution is found to be inadequate, Petronas chairman, Tan Sri Abdullah Salleh, said. He stressed that Petronas would act in accordance #ith the advice
      471 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      327 2 THE UNITED Overseas Bank group has announced the appointment of Mr W Sta Tab as general manager (personnel and properties division) and Mr Yap Bab Tleag as public relations manager with effect from July 1. Mr Goh's past working record includes many top level assignments. He served
      327 words
    • Article
      Right time for small companies to computerise
      505 2  -  By RICHARD SEAH COMPUTERISATION of, small business operations has become increasingly feasible with the definite downward trend in the prices of mini-computers. This view is strongly held by Mr Roy Montgomery, management services director of Medora Tong Chow Associates, a local management consultant
      505 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      295 2 Rent 3 Granada Ghias from Wearnes and get the 4th one free* >v Wi 37 r If it's been some tinie since your company looked at the financial advantages of term rental cars for ybur executive staff, consider these figures: AFTER TAX COST PER MONTH FOR A GRANADA 2.8 GHIA
      295 words
    • Advertisement
      Page 2 Advertisements Column 2
      382 2 Wfe have a history of making money grow Lombard North Central is part of f j 1 one of the world's largest banking JRfj JJ i- j j groups and we have a history 5 U P j 3 covers more than 100 years. K a Jw M We offer
      382 words
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      1122 3 Friday, July 11, l»8t ANNOUNCEMENT Pag«S Dr. OW CHIN HOCK, Parliamentary Secretary to the Ministry of Culture and MP for Leng Kee, has kindly consented to officiate the opening. The official opening; of <«► ASAHI TV-GLASS PTE. LTD. :.r Profile of ASAHI TV-Glass i -j--1. m WHrS 'a Mr. Hideaki
      1,122 words
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  • RAW MATERIALS
    • Article
      KL's rubber industry loses its bounce in March
      300 4 THE rubber industry, Malaysia's top foreign exchange earner, lost a great deal of its bounce during March this ear. Figures released by the Statistics Department show production, exports and prices tumbling down in double-digit percentages. Rubber production in Peninsular Malaysia dropped by
      300 words
    • Article
      Produce exchange
      172 4 CHINESE Pradace Exchange, Singapore, claslng prices per liikg yesterday: Caeaaat ail: Bulk fob 139.50 sellers, old drum (in second hand drum) fob $149.50 sellers, new drum fob $155.50 sellers. Capra: Mixed (loose) $86.50 buyers. Pepper: Muntok white pepper fob Asta NLW $445.00 sellers, Sarawak white pepper faq fob
      172 words
    • Article
      WHEAT
      245 4 THE Chicago Board of Trade wheat futures on Thursday closed just off the lows, down USIS to 9'/? cents per bushel on a 13 l/ 2 cent daily range in December. Wheat opened easier and traded lower early on a larger than expected Leslie wheat crop estimate and the
      245 words
    • Article
      RUBBER
      275 4 IN Singapore, the market closed slightly lower with August One RSS buyers quoted at 288.50 cents per kilo, down 0.50 cents from Wednesday's close, dealers said. Opening prices were marked down one cent following weaker overnight London advices but later recovered fractionally on some covering demand and upcountry buying
      275 words
    • Article
      RAS PRICES
      299 4 R. AS. prices In cents per kilo yesterday: Noon (per Ulo) Buyers Seller* Int. 1 R.S.S. prompt f o b. 287.00 288.00N Int. 1 R.S.S. August 288.00 288.50 Int. 1 RS.S. September 289.50 290.00 Int. 2 RS.S. 281.00 282.00N UK Coot 280.00 281.00N Int. 3 R.S.S. 278.00 279.00N
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    • Article
      SSR and SMR
      111 4 NOON SSR and SMR prica* y—i ertUv RA8 Aunt September (Cerreet Mtk) Buyers Seller* (Forward Mtk) Bayer* Seller* SSR 20 (1-ton pallet) 265 00 267.00N 266.00 268 00N SSR SO (1 -too pallet) 262.00 264 00N 263.00 265 00N MBKLB Aa(U> Saptaabar SMR CV (1-ton pallet) 307.00
      111 words
    • Article
      Bangladesh jute exports
      99 4 BANGLADESH will export 2.5 million bales of raw jute during the current financial year which will be about 83 per cent of the world's total requirement, Jute fcjinister Habibullah Khan said. Mr Khan, who announced Bangladesh's jute policy for 1900-81, also said export of jute goods woald
      99 words
    • Article
      Straits Tin
      74 4 THE Btralts tia price la Peiftlg yesterday recovered Mss per picuJ to $24», betow the latoraattoaal Tla Agreemeat celling, dealers said. lie metal recovered after Wednesday's (all ea reaewed baying (ram the US, Japanese and Barspeaa traders despite easier Lsadsa advices, they said. Addltlsasl csatrlbatlsa st tla eaaceatrates
      74 words
    • Article
      CLOSING PRICES
      37 4 Rubber: July 10 Singapore: Aug: 288.50 cents (down 0.50 cent) Malaysia: Aug: 292.50 cents (unchanged) Tin: M 52,136 (up $5) (equivalent to $35.32 per kilo) (up 8 cents) Official offering: 195 tonnes (up 26 tonnes)
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    • Article
      Lock icon Straits tin shipments fall in June
      116 4 Reuter SHIPMENTS of Straits refined tin from Penang fell in June to 5,278.75 tonnes from 5,668.75 in May and 6,829.25 in June last year, the Straits Trading Co said. Ttus brought total shipments in the first six months this year to 35,518 tonnes compared
      Reuter  -  116 words
    • Article
      TEXTILES
      192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Crttaa yam: China Blue Phoenix 20b 2,206 32s 2.590. 4fe 2.850 (per bale at 400 lbs). Pleee fMis: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      192 words
    • Article
      RICE
      336 4 SINGAPORE: Yesterday's closing prices in St 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 0.68, B-10 per cent 0.80. THAI BROKEN: A-super 0.65, Special no stock.
      336 words
    • Article
      SOYBEAN
      183 4 THE Chicago Board of Trade soybean futures on Thursday closed on or near the lows, 22 to 26 US cents per bushel lower on a daily range of 20 cents in July. Widespread rains in the midwestern soybean belt and reports of protection taken by country dealers opened soybeans
      183 words
    • Article
      LONDON MARKETS
      789 4 COFFEE: Robusta futures closed the morning slightly higher near the session's highs, with gains from Wednesday of £27 to £7 per tonne. Turnover was 2,351 lots including four options and about 600 lots of cross trades. Dealers said prices lost up to £4 after the opening call on
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    • Article
      Duty rates
      90 4 THE MALAYSIAN Minister of Finance has fixed thene rates far the period from July 10. until further notice: ■■Mar: 296>4 cent* a Ulo; Copra: MJBI6 67 a tonne; Palß kernel: 1955 75 a tonne; WMto pepper: $3,960 00 a tonne; ■let pepper: $1,***** a tonne; The rates at
      90 words
    • Article
      PALM OIL
      151 4 IN Kuala Lumpur, values continued to ease on lack of buying interest in very quiet trading, dealers said. The weakness was also attributed to India's and Pakistan's rejection of offers and India withdrawing from making its weekly tender until further notice, they said. Trading centred on July, with
      151 words
  • ASIAN STOCKS
    • Article
      Lock icon Market ends higher despite profit-taking
      473 4 TOKYO Reuter SHARE prices closed slightly higher, with late profit-taking paring early gains, dealers said. The market average rose 4.53 to close at 6,794.24, with the volume 270 million shares. The Tokyo Stock Exchange index closed at 470.24, up 1.34. Vehicles led the market on
      Reuter  -  473 words
    • Article
      Lock icon Hongkong
      337 4 Source: SHK See THE market consolidated on lower turnover after a weak opening yesterday. Some switching from other sectors saw Hutchison up 40 cents to HK$ll.4O while Swire Pacific added 40 cents also to HKJB.4S and Swire Props 35 cents to HKS7.IS. The market's direction is not clear at
      Source: SHK See  -  337 words
    • Article
      Sydney
      360 4 STOCK prices closed lower yesterday with market disappointment about a quarterly report from the Ashton Joint diamond venture offsetting encouraging news from the oil sector, dealers said. Ashton partner, Cra, finished 30 Australian cents down at $5.30 while Ashton Mining lost eight to $2.70 despite news about marketing plans
      360 words
    • Article
      Bangkok
      262 4 STOCK prices closed generally higher yesterday, led by finances and industrials in quiet trading, dealers said. Industrial Finance Corp rose one baht to 118, Mah Boonkrong Drying and Silo one to 196, Rama Tower 0.50 to 77.50 and Bangkok Bank remained unchanged at 296 baht. JULY 10 BahU Asia
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    • Article
      Manila
      162 4 STOCK prices closed generally mixed yesterday on reduced turnover, dealers said. Oriental B, Pogei, First Phil Hldgs, PLOT, and Vulcan finned, while Basic Petroleum and Marsteel eased. Acoje Mining, Baguio Gold, Benguet Con B, Lepanto B, Apex Mining B, Philex B, Anglo Phil, Phil Overseas, Podco B, Pioneer, Seafront,
      162 words
    • Article
      Lock icon Aussie courts to protect Ashton's occupancy rights
      163 4 Reuter THE Ashton diamond venture's efforts to protect its occupancy of its Argyle prospect have, on the basis of judgments so far obtained, received the backing of the courts, Conzinc Riotinto of Australia Ltd (Cra) said. Cra, the venture manager, said in the
      Reuter  -  163 words
    • Article
      Selected indices
      43 4 FINANCIAL TIME8 INDUSTRIALS Wednesday «8*0 Tuesday Week Ago 6 DOW JONES AVERAGE INDUSTRIALS Wednesday gj 7 7 Tuesday Week Ago 87*02 H.K.HANG SENG Week Ago 108*7.22 8YDNEY INDUSTRIALS Week Ago 878 75 ALL ORD1NARIE8 Thursday SiS"2 Wednesday Week Ago 8»« 5
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      91 4 51 TM Ik' SINGAPORE 3 12 OCTOBER 1980 ANNOUNCEMENT This is to announce that the Asean Trade Fair '80 Organizing Committee has appointed Times Periodicals Pte Ltd as the sole publisher ot the Official Fair Catalogue of the ASEAN Trade Fair *80. The catalogues will be distributed to buyers visiting
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  • OVERSEAS
    • Article
      Lock icon UAE invites Japanese participation
      264 5 UPI. THE United Arab Emirates has proposed to Japan that the two countries undertake the Joint development of oil and natural gas in UAE. Oil Minister Mana Said A 1 Otaiba, in Tokyo on a lecture tour and to attend funeral services of the late Japanese
      UPI.  -  264 words
    • Article
      Lock icon Indonesian plan for economy
      231 5 AFP INDONESIA plans to encourage economically weak groups to participate in current development efforts, President Suharto said in Jakarta yesterday. Addressing a seminar of the Indonesian Chamber of Commerce and Industry (Kadin), President Suharto said problems arising in the present economic situation did not deal with
      AFP  -  231 words
    • Article
      Lock icon Bonn trying to reverse takeover of drug companies
      250 5 Reuter west tin way has made official repreaentattona to Iran to dtasaade It tram taking eaatrai at jetat-ventare drag fhrms aparstlag there. Ike move was Buiinl altar the German Pharmaceutical Indastry Federattoa saM baa had taken ever Teheran haaei West Gerries their
      Reuter  -  250 words
    • Article
      Lock icon US seeks cooperation from China, Japan
      567 5 Reuter PRESIDENT Carter Mid yesterday that China, the US and Japan should cooperate in meeting Soviet military power but ruled out any formal alliance that could threaten the Soviet Union. Mr Carter called (or a sharing by the three countries of "long-range strategic concerns
      Reuter  -  567 words
    • WORLD IN BRIEF
      • Article
        Lock icon COLLISION COURSE
        399 5 Agencies THE U8 aad ite allies an •a a esUMsa Mane with the B»viet Uatea aver aeeess to strategic raw materials, Fsrtaae msgss tan said yesterday. It mparts Ssvtet experts sf key artanrsls te the West, lacladlag maagaaese, efcnme ere, —testes aad the plattaam gnap ef preeteas —tata
        Agencies  -  399 words
    • Article
      Lock icon EGYPT TO RESUME SUSPENDED AUTONOMY TALKS
      122 5 Reuter, AFP EGYPTIAN Foreign Minister K«*n*l Hassan All said t«ik« on Palestinian autonomy, suspended by Egypt last may, will resume in Alexandria on August 5. Egypt halted the talks in protest against Israel's policy of establishing Jewish settlements in occupied Arab territory and moves
      Reuter,; AFP  -  122 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      678 5 ARRIVALS Service Local From Operator Number Tine LUFT LH04 1325 FRA BOM MAS MH682 1330 KCH MAS MH623 1335 PEN GIA GA896 1335 AMS/FRA/ROM SIA SQ61 1340 BKK THAI TG413 1340 BKK SIA 9Q117 1345 KUL SIA SQ455 1355 BWN GIA GA90Q 1400 HLP CPA CX003 1435
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      177 5 YOUR GUARANTEE TOAGOOD DAY'S WORK Coping with the noon time heat and humidity is already tough enough on any driver. Plus the frustration of a heavy traffic jam and a tight schedule. Mr Sim Swee Bak Yakult Singapore Pte Ltd Daihatsu understands this problem. How to keep cool. And make
      177 words
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  • Article
    NWC guidelines mandatory?
    446 6 A FUNDAMENTAL question about the nature of the National Wages Council recommendations is raised by the Ministry of Labour's insistence that the 3 per cent merit increase be paid as part of an employee's salary and not as a productivity bonus. Are NWC guidelines voluntary or mandatory?
    446 words
  • Article
    Weaning motorists from their cars
    232 6 CAR owners groan every time the government imposes a measure to check the growth of the car population. Yet despite rising road taxes and registration fees, not to mention petrol prices, roads remain choked, particularly during peak hours. Growing affluence appears to have become an
    232 words
  • Article
    Lock icon Arms selection
    1040 6  -  By CHARLES LAMBELIN Reuter THE SOVIET UNION'S readiness to talk with the West on HmlHng medium -range nuclear weapons in Europe poses many questions which will require close consultation between Nato members, according to Alliance diplomats in Brussels. The diplomats expect the United States to seek early clarification
    Reuter  -  1,040 words
  • Article
    Lock icon Buy the company you work for
    1184 6  -  In Britain, the daydream of many a small-subsidiary chairman is becoming an increasingly popular practice, reports NICHOLAS LESLIE. The daydream-come-true is the purchasing of a company, usually the subsidiary of a large group, by its senior directors. The concept may not be new but
    FT  -  1,184 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      206 6 For business leisure SPOREX-ASIA and BOAT-ASIA Two Great Leisure Trade Events 6-10 AUGUST 1980 WORLD TRADE CENTRE, SINGAPORE fOOfOiIS.E. Asia 3rd International Exhibition of Sports coo^ s L'l Equipment J Leisure Goods With enlarged international participation, leading manufacturers and dealers will bring together to SPOREX ASIA *80 a range of
      206 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1295 6 mwmmo The music business mil, nt«k flTtai'flt OmJ appareatly itit by a Masle piracy the- time, they sell at mac* —iiuliM af pirate aiajar ekataele to the lawer prieea, galalag a eamttos, htattag aMI tee eqaarin the laeal lane part «f fti revene ■traagly that he Mi reeerilag Marti j.
      1,295 words
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  • Article
    Lock icon FASTER THAN YOU CAN WRITE
    839 7  -  By Robert Mcdonald FT IT IS a long chalk from the Penny Post. For a start it's nearly a thousandfold more expensive. But then, a lot more technology is involved, such as the Rapicom 500 digital scanner-transmission system and Comsat's Intelsat 4. It does, however,
    FT  -  839 words
  • Article, Illustration
    Lock icon Gold suppliers get wise to a surge in demand
    2332 7  -  By DAVID MARSH,BERNARD SIMON FAR-REACHING changes in supply and demand patterns on the world gold market have taken over from World War m scares as the main driving force behind the soaring bullion price. At the beginning of January, in the
    Source: CONSOLIDATED GOLG FIELDS  -  2,332 words
  • Article
    Lock icon Oil reserves provide a panic-proof solution
    875 7  -  FORUM With LEONARD SILK NYT U.S. ENERGY Secretary Charles Duncan Jr sounded optimistic this week in pointing to the decline of United States' oil imports from 8.5 million barrels a day in 1977 to what he hopes will be an average of seven million
    NYT  -  875 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      122 7 i v kJ:V HI J*. 43 i«2 w i *5 The Image Makec The New9wiss Line2ooo Conference Furniture by Diethelm. Streamlined and decisive clean lines distinguish Diet helm's Swiss Line 2000 Conference Furniture. Functional and flexible, the rich walnut brown tones are protected from cigarette burns and scratches by a
      122 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Brussels
        73 8 JULY 09 Frs FORWARD MARKET Acec 295 unch 1730 5 A-stur 443 unch Brascan 682 -10 1390 -30 1032 30 Cork 225 5 300 3 1905 -S 6150 50 Gb-Inno-Bm 2355 -45 Gev 1250 unch 2630 Petro 4970 130 2460 -5 1250 -12 Soc (»fn B*lg 1468 -6 3295
        73 words
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        Paris
        279 8 JULY 09 Frs CORBEILLE Air-Liquide 437 4 B S N Gervais lhinone 1010 unch C S F (Thomson- I'tff 486 -4 O Kruncaix des Petroles 246 -4 Coinpagnie h inanciere Coinpagnie 367 1 Generate -1 Credit Foncier lie France 431 -2 Hachette (Libralne) 238 60 26 Machines Bull 57
        279 words
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        Frankfurt
        218 8 JULY 09 Dm Aet-Telerunken 88 50 AK20 21 20 A112 Leben *****0 •10 Allz Vers ***** 7.5 BASF 136 80 Bay H T Wbank Bay Vbank 245 80 2*006 -1.2 Bayer lis JO -09 BBC 305 00 B BMW Caaaella Chem Verw Commerzbank Conll Gummi Uaimler-Beni Ueguaaa L)rnu| 148
        218 words
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        Amsterdam
        172 8 JULY OS AfifP" KU Anwitf 6100 18 22.80 -01 Algfcatik AMKV297.00 84.S0 107 00 0.5 unch unch AHrtNtfMlk 8630 0.1 53PJ__ Bob 39 00 86 00 56 00 205 00 -1 1 unch -3 Hylhfcbrf 6580 5510 22.10 -02 -0.4 -0.1 i rt^oirt 164 50 86a) 134 50 02
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      • Article
        Zurich
        192 8 JULY 09 Francs Actions Sunm 282 •1 Alusuisse Br. ue •10 Alusuuae Ret 443 -s Brown Boverl Br 1825 -5 Clba Clelfy Br 1120 -30 Clba Geigy PC 855 -30 Clba Oelgy Reg 808 •i Credit Suisse Br 2200 ti Credit Suuk Reg 380 unch Elekirowatt Br 2380 unch
        192 words
      • Article
        Milan
        102 8 JULY 09 Lire < 10 -04 Assoc Gen ***** 1540 Baslogi 573 SO 22J Ontrale ***** -30 rut 1730 24 Kinsider 62 25 -175 Gen Itnmob C6.S0 +2 IH Pr» 2900 60 llaleementi ***** 500 ■taiga* (25 1 Italsider 322 unrh Magneli M PI 488 -2 Marelli Ere 315
        102 words
      • Article
        JOHANNESBURG
        325 8 JULY 09 Rand INDUSTRIALS A Alpha 380 Abercom 340 -5 AC And CI 780 -10 AMIC 2450 unrh Barlows 1140 -IS Cf Sugar 1150 unch t'N A 495 -5 Currie Finance 205 5 IV Beers Ind 2730 Edcon I 570 -10 Fdgars t'vfrrady ZT* Fed Vol* 460 unch Ku|lt
        325 words
      • Article
        TORONTO
        213 8 JULY OV Cf Abilibi lt-» Alcan 31 unch Algotna 32 Bank Mont 27 Bank Nova Scotia 30' S Bell Tel ao Brill Corp BP Can Lid 48'. Brusca n 27 Camp Red Lake 63. -IS Can Imp Bk L 25 Canpar 42 V Canpac Inv Pf Curling O'Keefe 9
        213 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      221 8 Come, 'sample' an experience! DOLPHIN CAFETERIA World ■to with ihe co-aperauon of <81!sU n»-WPte* THAI WKER-FES I *9 -19 JUL 80 ♦POOLSIDE 5™ FLR, HOLIDAY INN HOTEL •Exhibition and Sale of Thai Jewellery and Handicrafts by Treasures of Siam Pte Ltd and sale of Thai silk, dresses and souvenir Hems
      221 words
    • Advertisement
      Page 8 Advertisements Column 2
      150 8 Where to wine, dine and entertain :V V For drink ing. Fo rda ncing. For delightful evenings. Music h\ Ricchus International (>t London. II t Vt UpL tl SI 1111 R f>m to Jjm I vt/f/n i thirst ii u l\tJi:ni I A'/ .S. T') pm t<> iam Sis <■
      150 words
    • Advertisement
      Page 8 Advertisements Column 3
      140 8 See Page 4 for Asian stocks and Page 9 for NYSE prices The Great Family Do-lt-Yburself Barbecue. 6 .> > '-9 r TO bW k A Merlin Grill From Mongolia comes a barbecue more succulent more delicious than any barbecue you have ever tried before Now at the Merltn for
      140 words
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      Page 8 Advertisements Column 4
      178 8 Salay, Sunday, Monday...<:vcry day People reckon Ae have tho best Satay this side ot thp cluh Another specialty is the selection of typically Cantonose favourites AncJ of course. Our ver\ own F favours of Sinqapore The comfort and serenity uf Hir.'s And Hilton style Hin's Top of the Hilton. Lunch
      178 words
    • Advertisement
      Page 8 Advertisements Column 5
      223 8 C—*5 n m i The Cantonese Chain. Great food. In great style. Our Oriental Restaurant chain offers you traditional tim-sum sweet and savoury tit-bits and really fresh sea-food. For a scrumptious meal with impeccable service and friendly atmosphere bring your family and friends to an Oriental Restaurant Four convenient locations.
      223 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Bank tellers who remain awake for your sake
      789 9  -  By ALVIN TAY DEPOSITORS with the Industrial and Commercial Bank <ICB) will no longer have to cope with long queues and busy tellers. Instead, they can deal with a robot the automated teller machine (ATM). And if they are in need of
      789 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.4 per cent.
      22 words
    • Article
      GOLD
      321 9 SINGAPORE gold futures yesterday closed easier compared with overnight levels in generally light trading, dealers said. Opening quotations were marked down sharply between US$l6 to US$lB an ounce in line with the metal's weakness in New York on Wednesday night and in Hongkong yesterday and then eased further during
      321 words
    • Article
      Tokyo
      131 9 THE U.S. dollar for overnight delivery closed weaker at 217.90 yen compared with a 218.00 opening and 219.00 at Wednesday's close, dealers said. Trading was moderate with volume $845 million. After easiness, the dollar weakened in light late trading on selling by banks to adjust positions and cover export
      131 words
    • Article
      Hongkong
      100 9 THE U.S. dollar eased fractionally in thin, quiet trad- ing on selling of the US currency from Europe in the early afternoon which erased the morning's technical gains, dealers said. The dollar fell to 1.7365/70 marks from an early 1.7390/ 95 and 1.7380/85 in the US. and to 218.06/20
      100 words
    • Article
      Singapore market
      466 9 THE U.S. dollar weakened slightly against the other major currencies in the foreign exchange market yesterday. Dealers said the dollar slipped only marginally as the expected easing of monetary policy in the US did not materialise. Against the Japanese yen, the dollar opened at 218.00 and remained steady
      466 words
    • Article
      LONDON
      160 9 THE U.S. dollar opened slightly below Wednesday's closing levels against most major currencies in very thin trading, traders said. They said the dollar was sold down in the Far East, and they are now waiting for a reaction to that, if any. The dollar opened at 1.7365/75 marks after
      160 words
    • Article
      ASIAN $
      183 9 ASIAN ASIAN currency deposit Interbank rates as at close on July 10: U8 Do 11>r*(Spot) Offer BkJ 7 days 8 15/16 813/18 1 month 91/18 815/16 2 months 93/16 91/16 3 months 95/16 93/16 6 months 97/16 95/16 9 months 9 9/16 9 7/16 12 months 911/16 99/16 8*Jn. Dm.
      183 words
    • Article
      Discount
      6 9 ■CTWroWTStW Source: National Discount Co
      6 words
    • Article
      Australia/NZ
      55 9 AUSTRALIAN and New Zealand exchanges opening quotes yesterday: Australian exchanges: US* 1.1627/1.1579 Stg 0.4911/0.4856 90 day air mail buying rates: Stg 0.5158, US$ 1.2073 90 day fwd buying rates: Stg 0.4943, US* 1.1502 NZ exchanges: Reserve bank midrate US$ 0.9903 Trading bank indications: US* 0.9953/0.9853 Stg 0.4189/0.4159 90 airmail
      55 words
    • Article
      Lock icon New Philippine banking rules come into force
      317 9 AFP THE RESTRUCTURING of the Philippine financial system has been set into motion this week with the release of new Central Bank rules requiring increased capitalisation of all financial institutions. The restructuring scheme, aimed at generating more funds to finance large-scale projects, requires
      AFP  -  317 words
    • Article
      Lock icon Foreign interests in US banks no cause for alarm
      174 9 AFP THERE is no need to prevent foreign interests from acquiring American banks, Federal Reserve Board chairman Paul Volcker said. A report, drawn up at the request of the chairman of the Senate Banking Committee, Senator William Proxmire, and passed on
      AFP  -  174 words
    • Article
      New home
      29 9 MR ANG Keong Lan, chairman of Asia Commercial Bank, will officially open the bank's new premises at No. 2 Mistri Road, Shenton Way, at 11.30 am tomorrow.
      29 words
  • Article
    Lock icon Prices narrowly higher
    1270 9 NEW YORK Reuter THE STOCK market on Wednesday rase In the heaviest trading since late March but profit-taking eroded a broad rally and left prices only narrowly higher. Analysts said early strength came mainly from institutions switching funds from maturing short-term debt issues into stocks. The Dow
    Reuter  -  1,270 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      190 9 Jouma UPSKV 5 e w c*- <•* X »r* 1 *1 Was Chairman Mao a secret communist? r Is America in danger of going I -capitalist? Do airli I discriminate in favor of bi Are you suffering from transit schizophrenia? Is the ft I Abominable Snowman VI having a secret
      190 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1479 10 bid and offer prices trfnHaiiy listed and hmriiw in and re4***d to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of WOO units, unless otherwise' specified. SECTION ONE INDUSTRIAL ft COMMERCIAL (b.&ft&ifiSS'.Si (M
    1,479 words
  • Article
    Unit trusts
    154 10 ■NGAPOtt UNIT 1*U9T (Managin' pvtoaa krWU) The Commerce 171 2 85 Tbe Savings Fund 1.75 l.M S pore Pfog Fund 1.29 L35 S pore Sec. Fund li» S pore Invert Fund 1.70 1.78xd S pore Equity Fund IS 1.32 OUB-MONTAGU (Miaigiri' prieaa Mr Jal Union Spar* Fund LSH
    154 words
  • Article
    SHARE INFORMATION SERVICE
    2748 10 1980 High Low Company Last Sale orGr*. Div Div Cvr Grt Yld Net P/E Vol Day COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 370 245 Aetna 223 220 Alcorn 149 118 Allied Choc 183 140 B A T 324 270 Bata 80 00 Ben 316 275 Berjaya
    2,748 words
  • Article
    In Kuala Lumpur
    1688 10 BID and offer price* <rffiHa»y listed and business In and reported to the Kuala t Jimpir Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, imbmg otherwise specified. —MM Umm (11IB) (1) 13» AJMaMeto (130S) Aim (130B) (1) 122
    1,688 words
  • COMPANY MEETINGS
  • Article, Illustration
    Substantial gains across broad front
    576 10 LED BY firm advaacea market galaed firther IgMd yertMiiy ijtt sab- knoitniL •■■B Althaagh a tight wive el eeergeita wore geaerally re-rated te limhitf B,l Bl1 Hy ndalsiuui stream if Salt 'hii htttoM ui were knkg mate eealldeatty la the m hcL liveeten' latere*, prevfaasly
    576 words
  • Article
    Trading active but selective
    591 10 SUSTAINED buying interest gave the Kuala Lumpur stock market a steady close yesterday. Trading was active but fairly selective. Interest was focused on the overnight leaders, namely the motor issues and glamour stocks which produced good gains for the second consecutive session. Some of the market
    591 words
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  • COMPANY NEWS
    • Article
      Growth potential in Jacks
      638 11  -  By P. GUNASEGARAM DESPITE difficulties in certain areas, William Jacks and Company (Malaya) is more optimistic of capitalising on growth opportunities in the countries where it operates. William Jacks chairman Mr J.G. Gilmour says in his latest annual review this is due to preparatory work already
      638 words
    • Article
      Profit expected at Kramat Tin
      440 11 KRAMAT Tin Dredging, one of the companies being merged into Malayan Tin Dredging (MTD), expects to return to the profit trail in the current year ending March 31, 1961, after sliding into the red last year. Its optimism is based on higher throughput and tin
      440 words
    • Article
      Chemical profits up
      335 11 CHEMICAL Industries (Far East) turned in a substantial rise in its pre-tax profits for the financial year ended March 31,1980. In its preliminary statement released yesterday, group pre-tax results showed a creditable increase of 136 per cent to $4.44 million compared with $1.88 million previously. The parent
      335 words
    • Article
      COMPANY BRIEFS
      283 11 THE Stock Exchange of Singapore has queried Home MuMm (FE) on the sale of its wholly-owned subsidiary Hume Industries (S) to Hume Industries (M). The exchange wants to know the basis upon whicn the value of M$1.53 per share in Hume (M) and $1.10 per share in Hume
      283 words
    • Article
      DIVIDENDS ANNOUNCED
      454 11 Current Ex Booka Date Total for Total for Payneat Date Close Payable tbe year Previous year B Kawan 5*1 Jun 10 Jun 20 Jul 11 5* 15* B Semb 20*<e) Aug 18 Aug 23 Aug 30 20* 20*(f) CCM 20* I Jun i Jun 17 Jul 11 20*
      454 words
    • Article
      SCRIP ISSUE
      148 11 Company Particular* Ex Date Books Clone Bolton City Dev PAN Grand Central Hume M Bonus Issue of 1 for 2 Rights Issue of 2 for 3 «4l 60 per share Bonus Issue of 1 for 3 Bonus Issue of 1 for 10 Rlghys Issue of 1 for Jul
      148 words
    • Article
      Property sisters continue to depend on investments
      413 11  -  By BIBIANA CHOO INVESTMENT income continues to be the main lifeline of property sisters Central Properties, and Town and City Properties. Both companies did not derive any income from property development for the year ended Dec 31, 1979. In fact, Central Properties sold
      413 words
    • Article
      Carrian makes last payment for Gammon House
      196 11 THE Carrian group has paid the remaining balance of the sale price for Gammon House which it purchased from Hongkong Land group (HKL)in January this year. Yesterday, the final payment. of 80 per cept of HK$996 million was paid to HKL which will
      196 words
    • Article, Illustration
      Lock icon Undervalued
      456 11 wxm asjtDea^ by HOCK LOCK SIEW THE response of the stock market to the restructuring of the Hume (Far East) interests was predictable and justified in so far as the shares of the main subsidiary, Hume (Malaysia) were concerned. On the other hand it was extremely puzzling in that
      by HOCK LOCK SIEW  -  456 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      147 11 James Capel (Far East) Limited INVESTMENT ADVISER AND DEALER Our Singapore Officer has a vacancy for an additional Executive to provide a service on the international stock markets to clients residents in the region, and particularly Singapore and Malaysia. The applicant should be between 25 and 35 years and have
      147 words
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      Page 11 Advertisements Column 2
      516 11 CHEMICAL INDUSTRIES (FAR EAST) LIMITED (Incorporated in the Republic of Singapore) COMPANY ANNOUNCEMENT The Directors are pleased to announce that they have decided to recommend a First and Final Dividend of 15% less tax in respect of the financial year ended 31st March. 1980 (last year 10% less tax) and.
      516 words
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  • Article
    Lock icon An investment fund to boost Asean development
    210 12 Reuter BUSINESS leaders from the Association of Southeast Asian Nations and Japan have agreed to set up a joint development corporation. A communique issued yesterday at the end of a meeting of about 60 businessmen in Tokyo said the corporation, acting as a
    Reuter  -  210 words
  • Article
    Lock icon Widespread recession ahead warns OECD
    495 12 Reuter HIT by the latest surge in oil prices, the industrial democracies are moving into widespread recession and face rising unemployment, rapid inflation and declining real incomes over the next 12 months, the Organisation for Economic Cooperation and Development (OECD) reported. The 24-nation OECD in
    Reuter  -  495 words
  • Article, Illustration
    Lock icon CARTER MEETS HUA
    68 12 PRESIDENT Carter and Chinese Premier Hna Gaofeng holding discussions for the drat time yesterday morning at a hotel in Tokyo. Both leaden attended Wednesday's memorial service (or the late Japanese Prime Minister MasayssM Ohira. Mr Hna said he considered it Important (or world peace that China develop
    AP photo  -  68 words
  • Article
    Lock icon Saudis demand warplanes
    354 12 Reuter UPI SAUDI Arabia is insisting that the United States sell it more advanced warp Lanes because its security needs have changed significantly in the past two years, Saudi officials said yesterday. They said the Soviet military presence in Afghanistan, the revolutionary turmoil in Iran and what
    Reuter; UPI  -  354 words
  • Article
    Lock icon Philippine economy maintains growth rate
    182 12 Reuter THE Philippine economy continued to grow in the half of this year despite a worsening energy shortage, inflation and slower growth in many parts of the world. Despite a wider trade and current account deficit, the overall balance of payments deficit was lower than
    Reuter  -  182 words
  • Article
    LONDON STOCKS
    815 12 LONDON, Thurs. Share prices closed easier today on profit-taking following earlier gains, though the electrical sector remained strong. At 3 pm the FT index was down 2.0 at 491.0. Leading industrials were mainly a penny or two lower though among electricals Ferranti jumped 20p to 644p and gains
    815 words
  • Article
    Wee's bills to HPBIL not excessive, says counsel
    300 12 THE Court of Appeal heard yesterday that the Chief Justice had expressed in chambers the view that there was validity in Haw Par Brothers International Ltd's (HPBIL) allegations that its one-time solicitor Harry Wee had "overcharged" the company for work done. Chief
    300 words
  • Article, Illustration
    Malaysian coronation
    112 12 MALAYSIA'S seventh elected king, Tuanku Ahmad Shah, 49, was installed as monarch with pomp and splendour in Kuala Lumpur yesterday morning. The king, who was ruler of Pahang, was elected by the rulers of the 8 other sovereign Malay states. He took his oath of office to reign
    112 words
  • Article
    Lock icon Business confidence survey
    236 12 Reuter JAPANESE companies Involved in exports and overseas investments are becoming increasingly nervous about financial risks in non-oil producing countries. But a survey published yesterday by the influential Japan Economic Journal showed that business confidence is increasing with the industrialised countries and some oilproducing countries. Covering 75
    Reuter  -  236 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      181 12 Leader...Page C GLOBAL BOOM ONLY A FEW SEE COMING KEY STOCKS MULTIPLY AS GROUNDWORK LAID The Curacao-based growth medium which employs methods developed by Capital Gains Research Corp. was moving into position months ago to ride a global resurgence in trade and resources exploration which few analysts seem to have
      181 words
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      Page 12 Advertisements Column 2
      240 12 < A private exhibition of the exdusive line of jewellery and timepieces by Schlegel and Plana SCHLEGEL PLANA SWISS Vw m —ST~ >3 v. *> mt" 4&r 4u W ST—^V "®o' r/a 9 a VT *> >- A > V 4»* tt sifr "~9t 1 4* .'•AN •v. vtfr 4
      240 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in a few places. Report for 24 hoars prior to 7.31 p.m. on July II at the airport Maximum temperature 32.4 Associated humidity 64 Minimum temperature 23.4 Associated humidity 91 Hours of sunshine 7.60 Rainfall in millimetres Nil Total
      62 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Work resumes in Perth
        58 13 Reuter THIRTEEN ships anchored in Perth port began moving again yesterday after striking pilot boat crews and mooring gangs resumed worked, a. A union spokesman said however, the workers will meet again on Monday to consider the findings of the Fremantle port authority commissioners who are
        Reuter  -  58 words
      • Article
        Lock icon Jakarta to build new port
        72 13 Reuter INDONESIA will build a port at Warorada Bay, about 36 kms west of Bima, to facilitate manganese ore exports from nearby deposits, a government spokesman said. The US$3.2 million -port will be linked by a 15 km road to the mines, be said, adding
        Reuter  -  72 words
      • Article
        Lock icon Lock-keepers end strike
        112 13 Reuter FREIGHTERS began steaming through the St Lawrence Seaway on Wednesday after lock-keep-ers ended a two-day work stoppage, a management spokesman for the inland waterway said. About 45 vessels were stranded in Montreal and the Montreal-Lake Ontario section during the unofficial stoppage, which ended after the Canadian
        Reuter  -  112 words
    • Article
      P&O to put its container ship within Oasis
      672 13  -  By LINDA CHEE BRITISH shipping line. Peninsular and Oriental will soon introduce its own full container ship within the Oasis consortium service from the Far East to the Persian Gulf. Negotiations are currently in progress for the purchase of a 1,100-TEU fully
      672 words
    • Article
      Yayasan Sabah gets Lloyd's consultancy service
      261 13  -  By G DURAIRAJ YAYASAN Sabah Shipping Sdn Bhd, a wholly-owned subsidiary of the Sabah foundation, has asked Lloyd's Register Of Shipping to provide consultancy service during the construction of its three log carriers. The construction oi the three 8,000 dwt log carriers to be
      261 words
    • Article
      INDEX TO ADVERTISERS
      602 13 SMppteg Liae M Adriatic IV 5 Afea VI 3 Afro-Eurasia vn 2 All trans VI 5 Alpac VI 5 Angkutan VI 4 Angonave VI 2 Anhsing vn 1 ANL i 1 APL m 4/5 Argentine IV 4 ASCL m 1 Asia Merchant IV 5 Bank Line V
      602 words
    • Article
      Indian plan may increase threat to conferences
      414 14 THE British Shippers' Council is watching "with interest" the impact of Indian experiments to provide «shippers with non-con-ference liner services. If the plan materialises, the fear from the conference standpoint is that opposition on the part of developing-nation shippers against conferences* could assume
      414 words
    • Article
      Lock icon UK pumping in cash to save Belfast shipyard
      427 14 FT THE UK government has mounted a rescue operation for the Belfast shipyard of Harland and Wolff. It has promised to provide state funds of at least £66.5 million over two years despite warning last summer that no more support would be
      FT  -  427 words
    • Article
      Container Schedules
      963 14 RECEIVING OF EXPORT FCL CONTAINERS AND La 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
      963 words
    • Article
      LONDON FREIGHTS
      1573 14 CHARTERING was generally rather quiet on Wednesday but rates held about steady. In the North American grain sector and 67,000 ton cargo was covered from the US Gulf to Holland at US$15JO fio (or July, while the slightly higher level of $31.25 fio was paid for business from
      1,573 words
    • Article, Illustration
      Lock icon Revival of Canadian fleet may be delayed
      900 15 Seatrade WITH the latest change of government, the re-entry of Canada into deep-sea shipping seems likely to be delayed. Before the February federal election which returned Prime Minister Pierre Trudeau's Liberals to power, the Conservatives were moving slowly but surely towads a limited
      Seatrade  -  900 words
    • Article
      Lock icon British builder's orders not adequate
      286 15 FT ORDERS woo recently by Britain's merchant shipbuilders were "useful but inadequate to ensure viability," Mr Robert Atkinson, the new chairman of British Shipbuilders, sakl. He called on the industry to create a period of stability "in order to improve our productivity and performance on
      FT  -  286 words
    • Article, Illustration
      SHIPS IN PORT
      392 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Baron Star (after Marybeth) 8/9 Cherry Sindia (after Cherry Laju) 27/28 Gerbera (Ro/Ro) (2200) 31/32 Golden Globe (after Sirdhana Fortune hauls) 24/25 Joo Hong (Tanker) (1800 P/O, subject gas free) 16 Kota Eagle (0700) 10/11 Nedlloyd Algoa (0600 draft not to exceed
      392 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3119 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
      3,119 words
    • Article, Illustration
      PEOPLE IN SHIPPING
      241 20 SINGAPORE Shipping Agencies recently made two new appointments. It appointed Mr Chan Tuck Hoi as general manager and Mr Peter Lai Teck Choan as a superintendent engineer. Mr-Chan will assist SSA managing director, Mr P L Kua in the management of its agency business which includes the
      241 words
    • Article
      War declared on 'rust-bucket' swindles
      319 20 LEADING shipping and insurance representatives have declared war on the co-called "rust-bucket" swindles in international shipping. 0 The main recurring theme at a New York seminar on shipping bauds last month was detection of the modern Twentieth Century pirate as the best means of preventing
      319 words
    • Article
      Healthy coastal shipping
      969 20 ORIENT EXCHANGE THE worldwide freight market has slackened considerably since last week. The depression was especially noted in the Pacific for grain which slipped from US$23;5O to U5515.50 per tonne.' A 51,000 tonnes shipment to Japan was reported at a low rate of U5514.75. Chinese charters who
      969 words
    • Article
      WHO ACTS FOR WHOM...
      1433 20 The leading shipping lines operating from loeal ports and the agents who handle eargo bookings for them. A B Adriatic Container Continental Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agencies (S) Euro-Asia Line (PK/Pfl). Alfred C. Toepfer Sea Consortium (S) Marintex Enterprise (PK). Alpne Intrasea (S)/Yeo
      1,433 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      305 13 Scan Dutch V .1A RDIM AN I AH Orient Overseas Co*iici*teA Line FULLY CONTAMERCED SERVICE TO EUROPE (VIA SUEZ) CAog Btemtrhavtfi attti Hamtxiig Closing Timts (Sport): W* J*| o 3 5/8 6/8 11/8 12/8 19/8 20/8 77T nt) EXPRESS, TO/FROM NORTH AMERICA WEST COAST FULLY CONTAINERISED **jHDa vessel [store* w
      305 words
    • Advertisement
      Page 13 Advertisements Column 2
      215 13 SI I SEALORD ANTAH m UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES SUU.«D SMPPWG MENCCS (Ref. M». 242K5/00C) 3*o FLOOR. MMMA HOUSE SIttAPOUE 0207 TU *****94 TELEX NO H*****9 CFS Ore PSA GOOOWN NO SO RM 3 TEL *****31 and 2220(32 TERMMU. BLOC OfC TEL NO *****90 and
      215 words
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      Page 13 Advertisements Column 3
      18 13 [mm CONTAINER Schedules LONDON Freights SHIPS In Perl SHIPPING List REGIONAL Weather PEOPLE In Shipping ORIENT Exchange VHI
      18 words
    • Advertisement
      Page 13 Advertisements Column 4
      560 13 Ji NecMoyd Lines Call us We call the world Agents: Nedlloyd JEAC Please refer to pag^y MAERSK LINE EXPORT TO US. PACIFIC, GULF, ATLANTIC, EAST CANADA AND ASIAN PORTS ********** 14/8 21/8 2S/I 4/9 11/9 18/9 25/9 Singapore Ctosmf Times CY 13 My ISOO hrs CFS 12 My 2400 hrs
      560 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      493 14 LEO SHIPPING PTE LTD SINGAPORE PERNAS-MISC SHIPPING AGENCIES SDN BHD PORT KELANG PENANG m HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 MALAYSIAN HTERNATIONAL SHPPUG CORPORATION BERHAD Cwtofcui jgjg To Eiwot Fader f Mant Vessel Spore 1) Mseifcs 2) Mam 3) Hburg 4) Gburg B PtNAGA 12/7 NHON 15/7 30/7
      493 words
    • Advertisement
      Page 14 Advertisements Column 2
      169 14 815 SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA ft Uh| Ma *9/7 Ml/7 •2VI 1-2/1 7-9/8 SINGAPORE CALIFORNIA EXPRESS CONTAINER SERVICE ONLY 22 DAYS I htat/fMMi «Mtfr F«*r Ik: ALSO kconc MJ Ti I Mm OrtMK. IMb W IK MONTHLY SERVICE TO VENEZUELA WEEKLY SERVICE
      169 words
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  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      567 15 Overseas M IB Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok ContainersNp Services To/From Bangkok CmdfcaOar iZX. Mm Bay Mafia* Upms TAT* Bit UwpMßat TO UK/COWBH: S'part PJUMv DM Bnm 11 M 31M 2ta| 12 M 2 AMI 4A« I<M f ta|
      567 words
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      Page 15 Advertisements Column 2
      380 15 t!o Franco Betaitin Services gf \h\r F.«,' y,, :.c>. sm,- A-;. H, >-in t.., I X C.M.C.R. n i II S>*r« P. Um| B'lom M'soles Gam Tnesfr 12 Mr 13 Mr aMr a* 2Mi N acou I M II Mr »Mr IMI ta| 1* M| 17 ta| KMTK It a
      380 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      505 16 sxro MEDnaawt* Geooj Trieste 1/8 8/8 ll'l. «ITIa T ...».1t MH iPw B** Genoa M'fturg Bremen Rdam Antwerp 1,/7 9/t 22/1 W* l'/8 18/7 19/7 lf/8 a/8 18/8 21/8 19/8 17/8 TOIBA/CANAM IMk HK lon| Oakland Seattle/ Beach Tacwna Mm Eiprtu 26/7 12/8 14/8 17/8 MMlEumi 25/7" 5/8 7/8 10/8
      505 words
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      Page 16 Advertisements Column 2
      524 16 LIME HIPPINC CORPN P. K«taßg penmg stok ALT Alt 153W 17/29 My 21-24 My 25/29 My FROM I KOREA SH,ppm ALTAR 154 C 17/20 Jtiy 21/24 July 25/29 My TO BUSAM VEGA 151* 10/14 Aut 15-18 Aug 19/23 Aug FROM BUSAM VEGA 152E 10/14 Auf 15-18 Au| 19/23 Ai«TO BUSAN
      524 words
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      Page 16 Advertisements Column 3
      461 16 EVERGREEN LINE r fAR [AST [UROPf FXPRFSS FULL CONTAINER SERVICE FELKSTQNE. ROTTERDAM. 1 ACCEPTMG CARGO FOR; HAM ANTWERP. 11 HAML ALSO ACCEPIH6 CARGO FOR: gsoTWrTanowx*. mnocsro. BRISTOL, LIVERPOOL. GLASGOW. LEEDS HQLLANO mgmm M« ihi IN* Iki II UROPf itAST XPRF R VICE SS U I CONTAINS (<• um En lacfcr
      461 words
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      Page 16 Advertisements Column 4
      762 16 Everett Lines Barm Fiv« Star SMppmf C*rpn. 'BURMESE NATIONAL LINE" LOAMNG FOR RANGOON 11/211* am m n VI wwoyvo BOUSTEAO SHPHNG NOS. KL *****2/*****9 (XJFJ> Wiwitin tatorewtM—m S. A. C.I. F. I "ARGENTINE NATIONAL LINE" LOMM6 FOt DURBAN, MOOS AKS *9— I ACONCA— 17/ is Am 15^ V"** "MEXICAN NATIONAL
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      Page 16 Advertisements Column 5
      429 16 T2LO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTO SANKYO LINE AUSTRALIA SERVICE kppn P. KNmi Lntetar i 25rum rtmm SW.MEL.M& BANGLADESH SERVICE 15/16 A* CMTTAGOMG, CHALM JAPAN/STRAITS SERVICE mmk ia zmiM/71 *****70 UMM IE 404(44. 4M751 con wo Boons ocun smppme stone iel mum/7 HOI'S com MO P. KQJMC TU IM7. M
      429 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      739 17 PIL GROUP EAST AFRICA/REDSEA SERVICE KOTA EAGLE. SIWGAPQRE/CHITTA6ONG/RANGOON/SERVICES SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES Loading For Chittagong, Madras KOTA MACHAN. SINGAPORE/INDONESIA/SINGAPOfIE SERVICES S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTABLE LCL/FCL CONTAINERS/ also acceptablf 40 ft refers for hkg bkk VESSEL VOY. N*p. Topaz 14S N«p. Zircon 14S Nop. Topaz 16S Nop. Zircon 16S MANILA
      739 words
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      Page 17 Advertisements Column 2
      888 17 TtSFJ BIN LINE CONTAINERS TtAyaßtT UN*o*Rty express cottaro soma to/fmm europe kmc rw«Di mm name soto* p. Um| Itow)/ UdUmi Fraact M UiL kM a/7 i/t a/? vt t/t wi m vi vi 7/1 n/7 IV7 l/t 11/ l 12/1 14/1 7/1 19/7 l/l l«/l 11/ l U/l M/I 27/7
      888 words
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      Page 17 Advertisements Column 3
      546 17 I Scan Dutch? li'j t lj i y,} WEEKLY EXPRESS CONTAINER SERVICE LMfOAJK/MC/SCAM i jvj wi vi v« in m M u/i u/l it/i IMB WI IM IM M KM a/4 ua a/i u/9 am ia 2/9 4/9 32 w «a 9a ua 1) IMm. IW 0 I twpl. U,Cwi>*
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      Page 17 Advertisements Column 4
      457 17 BOUSTEAD MJANTAN SMGAPORE Capetown Pt Eta (Mo accapbni East I SHIPPING AGENCIES BANK LINE FOR REUNON ft SOUTH AFRICA STREAMtAMK ItAVEHtAN* 1113/7 14-11/7 2125/8 27/7 3/S 2/1 9/9 9/1 16/9 13/8 19/9 don car|o) Lines U.S. NEST COAST SERVICE (al wak Dm cal Laafbaadi/Lot Anjete t Saa Fraacma) T/S «ta
      457 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      608 18 K LINE KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA no B&r m v MonaKSSLS w us m Att n« 16/7 18/7 mm fid* Mp 5/1 IC/S Uni Gate M|* 2/1 U/S TMM Mm 5/1 2t/| 21/7 23/7 *dfc kiM U/l 21/1 Japsi Dp* l/l 17/1 Nm tan*
      608 words
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      Page 18 Advertisements Column 2
      473 18 0 CAUFORJRA/PACFIC NORTH NEST SERVICE EXPRESS CONTARH/REEFER SERVICE SM FMKBCO. WTTU. TACONL 'I ll P. fataf Sapfort —om) n% >>tH N%| i*2 AUSTRALIA EXPRESS CONTARCR SERVICE PJtfMI fpan Bra Sjrf Mb AM Fna 23% 24 4 taf 1% 14% 20 "WW 10% 11% 23% 29% 4SM 10 S^M "■MMRT 19
      473 words
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      Page 18 Advertisements Column 3
      455 18 O > l*« >1 11 > SINGAPORE SHIPPING AGENCIES PTE LTD. AITH F I OOt-' OCE A\ Bt'll Difw; StNUAr'OHt OHM MARKETING JUNES (,FMHA. 91J111 M t i\f S TEIE-* HS r >9-j RS .'S36B A B CARSMIC AHI f OARi.dSHif jMM l!»iil;iincr Lines WEEKLY CONTAINER SERVICE to/from BANGKOK STORE
      455 words
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      Page 18 Advertisements Column 4
      530 18 Ul ORAMARD UNE INDEPENDENT ATTRACTIVE RATES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING COST AIN EM CARGO fCL ONLY FOR; PORT SAID. ALEXANDRIA. BEIRUT. LATTAKIA. UMASSOL ISTANBUL A PIRAEUS Specially engaged agents A stevedores providing immediate discharge HXfIK STM V J9N MM OCONC Mil Part SaM. as 27 A* ALaMMfe mti STRAfTS/EAST
      530 words
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      Page 18 Advertisements Column 5
      522 18 INTRASEA (PTE) LTD F<ibpr House 234E Orchard 3oac Singapore 9 Telephone 23 c v6 l 235-105' regular independent semi/full CONTAINER SERVICE TO EUROPE IOTTER ALPAC LINE Spore NCOS KLLEHC *42 la Pt LaadhC tar REUMON/MAJUNGA/ DURBAN "TWO (PTE) LIB *****11 BOOKK *****57 YIO SNPPM 4 TRAOMG 4MM4. 4M742. 4MI7t XJ7
      522 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      756 19 •J Ur; TO EUROPE/UK (VIA SUCK): S.S. BMDGE+ 15/; N COKAL 22/J C. COffTAMBt 27/7 K. JACEJM 1/8 TWHHKE 7/1 C. PAUL 15/fi MERCATOR J2l/8 Container feeder ed to/from F'stowe Also accepting cargo to/from Scandinavia FROM EUROPE (VIA SUEZ): K. JACEJM.... TW BRSGE... N. PEARL.— C. PAUL MERCATOR... C. ROZE
      756 words
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      Page 19 Advertisements Column 2
      1 19 NOTICE
      1 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      278 20 lftm EGYPTIAN^ INTERNATIONAL LINE (EIL) INTERNATIONAL LINE (EIL) EGYPTIAN FLAG DIRECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT SAO ALEXAfCWA PYRAMDS (I My 12 Aut 17 Auf 20 SPHNXU My IS *ut 22 Aut 25 Carp Beofcnp Plwne *****43 MARTftANS CARGO PLEASE CONTACT SCHENKER SINGAPORE -TEL *****11 FROM
      278 words
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      Page 20 Advertisements Column 2
      458 20 OCEAN LINES REGULAR NOW CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE S pore P Kelang Penang Loading tor OCEAN GLORY V.lOfß Jul Nrt Said/Lin»asMl/AlMan*ia Piieuj/Bwut/Rijeki/Bouriii I CAMERON CELTIC LINE (UK) I SERVICE FROM VOOfCSU/SMGAPORE/MALAYStA TO ITALY, SETE AND NORTH CONTMENTAL SKGAPORf eta rro M.V. UMWORID V IMB 15 ju, (BLI 1976) M.V.
      458 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      168 20 4^ n Regional Weather 3 SS VUf* 1 I a ,v\ x •N I v> C 2 m •j»«3 r<. B 4 1 ik 4 0 3£ m ft fy 88^W>% s SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c V Win Wind direction with speed in
      168 words