The Business Times, 24 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. 111/1/81 THURSDAY, JULY 24, ISM 50 CENTS
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  • BRIEFLY...
    • Article
      Lee to visit Russia
      57 1 PRIME Minister Lee will visit the Soviet Union in September, his first visit there since 1970 when he stopped over in the course of a world trip. Mr Lee was scheduled to have visited Moscow in the middle of last year during the course of an
      57 words
    • Article
      Lock icon US consumer prices up
      78 1 AP WASHINGTON, Wed. Consumer prices in the United States in June rose at an annual rate of 12.4 per cent, propelled by rising food and housing costs. This was slightly higher than the month before, the government said. The Department of Labour reported that consumer prices
      AP  -  78 words
    • Article
      Lock icon Inquiry on prisoner's death
      79 1 UPI JERUSALEM, Wed. Police opened an inquiry into the death of a Palestinian prisoner, one of 74 inmates on a hunger strike in an Israeli jail. Relatives of the hunger-strikers held a sit-in at Red Cross offices to protest conditions at the prison. Shouting slogans and
      UPI  -  79 words
    • Article
      Lock icon Kampucheans starved
      71 1 UPI NONG CHAN, Wed. Corrupt Vietnamese troops are keeping thousands of starving Kampucheans away from international aid feeding stations by levying stiff taxes on anyone heading for the frontier. "If you have no money, you don't eat in Kampuchea today," said Mr Sem Kuon, a labourer who left
      UPI  -  71 words
    • Article
      Lock icon Anti-tourist campaign
      72 1 UPI BILBAO (Spain), Wed. Basque separatist guerillas said they would renew an anti-tourist bombing campaign suspended 10 days ago, moving south to the Spanish Canary Islands. In a telephone call to the Basque newspaper, Egin, a paper with clear separatist sympathies, a spokesman for ETTA (Basque Land and
      UPI  -  72 words
    • Article
      Lock icon Garment production up
      51 1 Reuter JAKARTA, Wed. Indonesia increased its garment production to about 16 million dozen pieces in 1979/80, up from 14.4 million dozen the previous year. The director general of miscellaneous manufacturing industries, Kusudiarso Hadinoto, told reporters Indonesia plans to boost production to 22 million dozen garments by 1984.
      Reuter  -  51 words
    • Article
      Lock icon Dow Jones
      67 1 AP NEW YORK, Wed. Stock prices continued to slump as the government reported that consumer prices rose one per cent last month, slightly more than in the preceding two months. The Dow Jones average of 30 industrials slipped 1.11 points to 926.19 in the first half-hour of trading
      AP  -  67 words
  • Article
    Chief Price Changes
    155 1 Rises Malayan Tin 4200 +100 G Ceramics 265 69 Keck Seng 520 50 Batu Lintang 418 42 M Banking 1240 30 C C M 590 30 C C 412 22 Sin Chew 535 20 K L Kepong 525 20 Time* Pub 484 20 Spore Glass 360 20
    155 words
  • Article, Illustration
    KUALA LUMPUR
    150 1 Rises M'sian Pit 334 32 B Lintang 428 32 Keck Seng 510 32 Genealy 330 28 Hi 4 Lo 304 20 Supreme Corp 370 20 U Cables 535 20 K1 Kepong 540 20 Castlefield 2200 20 Falls A Amal 830 -20 Sg Besi 1420 -20 A Hitam (T)
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  • Article
    Sime thrust into the Philippines
    667 1  -  PLANTATION PROJECT WORTH USss3m By CATHERINE ONG GIANT Malaysia A conglomerate Sime Darby appears set to make its first major thrust into yet another Asean country, the Philippines. Sime is in the planning stage for a US$53 million oil palm plantation project which will mark
    667 words
  • Article
    Sharp rise in gold price
    235 1 RUMOURS of trouble in Iran and the return of oilrich Arabs into the market lifted the price of gold sharply yesterday. In London, the morning fix was US$632, an increase of $20.50 over the previous morning fix. In New York, gold opened at $610/$6ll on
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  • Article
    Singapore Refining to build $130m petrol plant
    361 1  -  By RONNIE LIM SINGAPORE Refining Company (SRC) is going ahead with plans to build a $130 million plant to produce petrol. The company is jointly owned by BP Singapore, Caltex (Asia) and Singapore Petroleum Company (SPC) and currently does not have the capacity
    361 words
  • Article
    Esso sends 2,100 tonnes of LPG to Malaysia
    347 1 ESSO Singapore has sent three shipments of 700 tonnes of liquefied petroleum gas each to MalaysiA to help Esso Malaysia meet contract requirements with Petronas and other LPG dealers, an Esso official confirmed yesterday. The shipments in the last two weeks covered
    347 words
  • Article
    Market up 6.22 pts to reach new 7-year high
    263 1 THE Straits Times Mistrial latex, the key baremeter sf Ike Stegapere stock market, galaed IJt pwul *8 yfßlfniß) iTWCD a aew sevea-year high ef 574JL A total ef ISJ3 mimea ■harm werth $42J4 milOn ehaaged haads la mm •f the meet
    263 words
  • Article
    Singapore may print foreign currencies
    446 1  -  By MARGARET THOMAS SINGAPORE may one day manufacture money for foreign countries. The incorporation last month of Singapore Mint has raised the possibility of Singapore developing as a supplier of currency notes and coins for the region. As a division of the 12-year-old Chartered Industries
    446 words
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      Page 1 Advertisements Column 2
      198 1 THOMAS ROBERT the trained specialist.. 'TSr i A THOMAS ROBERT BROKER ivicMy v(»-ri- vv II inf m .-d in hj jhly 1 f in-ilvsirvj t*~r* most compl-x risk- s. is tv»-i« >1 -»r tf»* n. t.r-i' i ..f jns .r i-v con-si tjntS. Just as Sound financial ontrol. ti\ze marketing
      198 words
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      Page 1 Advertisements Column 3
      66 1 rasa SHIPPING TIMES MINIMUM pachaglag to save COLD Storage (M) expaasea mtteriftlH 2 p1an5........................................ 11 FORECAST ef decllae la US FED to redaee growth if economy S moaey aad credit .mm................. 12 LIFTING the lesser half if the STORE arged to develop or baa lean ba51nea5............................ 7 health ceatre 12
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      Page 1 Advertisements Column 4
      213 1 if: Leader... Page! Consumer demand patterns in ASEAN °o° 0 0 o°o@0°o@ °0n °0 7 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
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      446 2 SEMINARS AND COURSES July 28-29: Finance for NonFinancial Managers, Shangri-La, Price Waterhouse July 30-Aug 1: Strategic Management, Shangri-La, SIM in conjunction with University of California Extension, Berkeley July 31: Software Designs and Software Blueprints, Suite 5264 Woh Hup Complex, Mechanical and Combustion Engineering Aug 9-16: Mobil Oil Spill
      446 words
    • Article
      Minimum packaging to save materials
      467 2  -  By LEE YOKE MENG A NEW food packaging design may become so popular by the end of this decade that existing designs will be considered clumsy, overweight and wasteful. According to Dr Whang Sun Tze, a director of Lam Soon Cannery, higher costs of production
      467 words
    • Article
      Pentex invests $1.2m in machinery
      105 2 PENTEX Circuits of Singapore which makes singlesided printed circuit boards is investing $1.2 million in production machinery and $400,000 in a new factory building. The Economic Development Board (EDB) has granted Pentex an investment allowance of 50 per cent the value of the new equipment.
      105 words
    • Article
      Traders' role in manufacturing
      404 2 TRADING companies can share the benefits and incentives of manufacturing projects if they enter into joint ventures with manufacturers. Mr P Selvadurai, Member of Parliament for Kuo Chuan, said this at the official opening ceremony of Kobe Welding's new factory at Pandan Avenue. Mr Selvadurai said
      404 words
    • Article, Illustration
      Jakarta company opens office
      183 2 AN Indonesian company providing support services to oil companies has opened a representative office in Singapore to provide exploration, production, personnel, engineering and consulting services for the company's projects. PT Resources Jaya Teknik Management Indonesia (PT-RMI) has appointed Mr Johnny Johnson as general manager of the
      183 words
    • Article
      Pioneer status for engineering company
      243 2 A SINGAPORE precision engineering company servicing the semi-conductor industry has been awarded pioneer status for its expansion programme which will triple its output to $3 million by 1982. The company, Microtits and Methods, manufactures and refurbishes trim and form dies for integrated circuits and parts
      243 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      131 2 OVERSEAS Union Bank Limited has promoted Mkdaa B— Tay Sua to the position of corporate secretary to head the Secretariat A Legal Department. Madam Tay, an LLB Honours graduate from the University of Singapore, joined the bank in May 1972. She is also currently the company secretary
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      128 2 THOSE WHO KNOW DRIVE VS mi Ajtk :-r- the magnificent MAZDA 929Legjto A new dimension to prestige motoring... affordable luxury. Superbly appointed, magnificently finished, a prized possession amongst fine cars. v r I V* *1! ZTgI.M 7/ ASIA MOTORS KAMPONG &MPATT. Tel *****6 NGEE AN* BLOC. Tel *****22 ooen from
      128 words
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  • REGIONAL
    • Article
      Lock icon Thais tighten airport security after threat
      171 3 AP THE THAI government has tightened security at Bangkok's international airport following a threat by a Muslim seccessionist group to hijack Thai aircraft, a spokesman for the airport said yesterday. A letter from the Pattani United Liberation Organisation (Pulo), sent to the press in
      AP  -  171 words
    • Article, Illustration
      Lock icon China speaks of threat
      240 3 AFP AP CHINA has said that the recent meeting of the foreign ministers of Vietnam, Laos and the pro-Hanoi Kampuchean government had issued "a threat of war" against Thailand. The comment was made yesterday by the Xinhua news agency in a lengthy commentary on a communique
      AFP; AP  -  240 words
    • Article
      Lock icon Outlook bright, says CSR chairman
      280 3 Reuter THE prospects for CSR Ltd group activities in 1960/81 are generally encouraging despite the economic uncertainties prevailing throughout the world, CSR chairman Sir Noel Foley said in Sydney. He told the annual meeting, however, that Australia's position as a net energy exporter will not
      Reuter  -  280 words
    • Article
      Lock icon Australian tariffs on textile, footwear
      135 3 AFP tkxth.F., clothing and footwear tariffs and quotas will continue on current schedules until after the next Australian national election, expected in early December. Proposals by the Industries Assistance Commission for changes in textile, clothing and footware allowing more imports, especially from Asian areas, have
      AFP  -  135 words
    • Article
      Lock icon LYNCH FOR CAR TALKS IN TOKYO
      108 3 Reuter AUSTRALIAN Industry and Commerce Minister Phillip Lynch will visit Tokyo next month (or talks with car manufacturers on Japan's plans to set up factories in Australia in connection with the world car concept. Officials at the Australian embassy in Tokyo said Mr Lynch
      Reuter  -  108 words
    • Article
      Lock icon Assamese agitators likely to accept talks offer
      270 3 AFP PROSPECTS for a negotiated settlement of the immigrant settlers issue in the troubled north-eastern Indian state of Assam brightened yesterday with indications that the agitators might accept the government's offer to talk without preconditions. The Minister for Home Affairs, Mr Zail Singh,
      AFP  -  270 words
    • Article
      Lock icon Thai-Laotian border dispute talks fail
      442 3 Agencies THREE days at high-level talks between Thailand and Laos, aimed at resolving a border dispute, ended in failure yesterday, a senior Thai military official said. Armed forces chief-of-staff, General Saiyud Kerdpbol, said the Laotian delegation had refused to meet Thailand's demand for a written
      Agencies  -  442 words
    • THE REGION IN BRIEF
      • Article
        Lock icon RECORD CAR OUTPUT
        475 3 Agencies JAPANESE motor vehicle production in June rose 7.9 per cent to an all-time record of 978,600 from 906,900 in May, and up 14.9 per cent from 851,700 a year earlier, the Japan Automobile Manufacturers' Association said. The previous record of 965,600 was in April. The June
        Agencies  -  475 words
    • Article
      Lock icon Contract to import aluminium ingots
      136 3 UPI SUMITOMO Light Metal Industries of Tokyo has signed a long-term agreement to import thousands of tonnes of aluminium ingots from Gove Alumina of Australia, a Sumitomo spokesman said yesterday. The 12-year agreement, to be implemented in 1983, calls for increasing the import volume to
      UPI  -  136 words
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      239 3 Emblems of Quality SANI-SN AKE feiiii Ihßb totafcto etectric safety hand and mining cap lamps MOLY-PAVL kWytitomni disalptnM t aMrtetn canpomH Ji.B.i: KINETIC RAM Tto revolutionary pipo Uwilny aquipfwtit AJI ABLE RIDWAY SUPPLY (PTE) LTD OIL FIELDS INDUSTRIALS SUPPLIERS O^tS (ymixx Tel: V»isos One Australian bank has a world of
      239 words
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      Page 3 Advertisements Column 2
      82 3 PT Resources Jaya Teknik Management Indonesia announces the opening of a representative office in Singapore under the management of Mr Johnny Johnson. RMI is Indonesia's largest oil support company and the new representative office in Singapore will provide support facilities for exploration, production,personnel, engineering and consulting services for the company's
      82 words
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  • RAW MATERIALS
    • Article
      Lock icon Palmoil production falls
      120 4 Reuter PENINSULAR Malaysian crude palmoil production fell to 166,650 tonnes in February from 167,220 tonnes in January but was above the 142,552 tonnes in February 1379, accoding to the Malaysian Statistics Department. Cumulative production for January/February rose to 333,870 tonnes from 283,140 tonnes in the same period
      Reuter  -  120 words
    • Article
      WHEAT
      213 4 THE Chicago Board of Trade wheat futures closed USS Vj to 1 </i cents a bushel higher on Tuesday with nearby July expired at gain of five cents. Prices ended at the highs of a seven cent range. Local and commission house buying paced the advance. Traders attributed demand
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    • Article
      RICE
      326 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 no stock, B-10 per cent 0.80. THAI BROKEN: A-super 0.65, Special no
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    • Article
      RUBBER
      269 4 IN Singapore, the market closed firmer yesterday with August One RSS buyers quoted at 286.50 cents per kilo, up 3.50 cents from Tuesday's close, dealers said. The morning market firmed 2.50 cents on higher overnight London advices, reserved of sellers, trade and upcountry buying and some covering interest. Near
      269 words
    • Article
      RAS PRICES
      300 4 R.A.S. prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 284.00 285.00N Int. 1 R.S.S August 285.00 285.50 Int. 1 R.S.S. September 285.50 286.00 Int. 2 R.S.S 278.50 279.50N UK/Cont 277JO 278.50N Int. 3 R.S.S. 275.50 276.50N UK/Coot 274.50 275.50N Int.
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    • Article
      SSR and SMR
      88 4 NOON SSR and SMR pcicaa ywUrday HAS SSR 20 SSR SO (1-ton pallat) (1-ton pallet) Aafut (Currant Mtk) Buyer« Sallara 281 00 263 00N 258.00 260 00N Saptaabar (Forward Mtk) Bnyara Sallara 262.00 264.00N 259 00 261 00N MRELB Aagaat Saptanbar SMRCV SMR L SMR 5 SMR
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    • Article
      Straits Tin
      73 4 THE Straits tin price in Penang yesterday fell M$244S, n belew the International Tin Agreement ceiling, dealers said. Csndltlens tamed easier (eUewtag a withdrawal si buyers at higher levels and a weaker Laidaa aver* night perfsrmaaee, they s&ld. Smaller supplies ot tin eeaceatrates (ram miners (ailed ta aid
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    • Article
      CLOSING PRICES
      40 4 Rubber: July 23 Singapore: Aug: 286.50 cents (up 3.50 cents) Malaysia: Aug: 291.25 cents (up 2.75 cents) Tin: M 52,143 (down $14) (equivalent to $35.43 per kilo) (down 24 cents) Official offering: 214 V& tonnes (down 18Vi tonnes)
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    • Article
      Produce exchange
      173 4 CHINESE PndiM Exchange, Stagapare, ini cleeleg prim per 1M kg ynterdfty; Cternt ell: Bulk fob 143.75 sellers, old drum (in second hand drum) fob $153.75 sellers, new drum fob 1159.75 sellers. Cepra: Mixed (loose) (86.50 buyers. Pepper: Muntok white pepper fob Asta NLW 1425.00 sellers, Sarawak white pepper
      173 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yarn: China (Blue Phoenix 20i 2,200; 32s 2,590, 40b 2,825 (per bale of 400 lbs). Piece geeds: rhina Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      SOYBEAN
      225 4 THE Chicago Board of Trade soybean futures closed 20 US cents to lIV* cents a bushel lower in extremely active trade on Tuesday. Prices settled on the lows of a 27 cent range. Nearby July expired two cents lower. Local liquidation on floor rumors that rains had reached bean
      225 words
    • Article
      LONDON MARKETS
      778 4 COmus: Robusta futures closed yesterday morning quietly steady near the session's lows, but still with gains from Tuesday of £6 to £18 per tonne. Turnover was 2,034 lots, including two options. Spot July had the smallest end morning gain at £1,299 after trading earlier £35 up at high
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    • Article
      PALM OIL
      144 4 IN Kuala Lumpur, the market weakened further on lack of buying support following the continued easiness of Chicago, dealers said. Trading was fairly active. Pakistan's purchase of 5,000 tonnes refined bleached deodorised palmoil for first half September C&F at US$564 per tonne failed to stimulate interest. In the
      144 words
  • ASIAN STOCKS
    • Article
      Lock icon Little movement
      575 4 TOKYO Source: DBS-Daiwa DEALERS said "weary" would probably be the most appropriate word to describe the current market. Investors were unable to find any stable issues on which to concentrate on. Being almost completely at a loss, investors were only able to gather little snatches of price difference
      Source: DBS-Daiwa  -  575 words
    • Article
      Bangkok
      276 4 PRICES closed mixed in quiet trading yesterday based mainly on finance shares, dealers said. Industrial Finance Corp rose two baht to 118 while Capita] Trust fell 1.25 to 32, First Trust dropped 0.50 to 72.50, and Bangkok Bank and Thai Farmers Bank closed unchanged at 294 and 274 baht
      276 words
    • Article
      Manila
      103 4 JULY 23 Pesos Acoje Mining 006 unch Atlas Con A Alias Con B 4000 1 Baguio Gold 0056 Benguet Con B 90 00 5 BK Goodrich 1400 unch CDCP 5 80 Inco B Landoil Lepanto B 1525 0 0025 Marinduque B 11.50 0.5 Meralco Oriental A I Oriental B
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    • Article
      Selected indices
      51 4 FINANCIAL TIMES INDUSTRIALS Tuesday 480.7 Monday «8.0 Week Ago 499.8 DOW JONES AVERAGE INDUSTRIALS Tuesday 027JO Monday 828.87 Week Ago 801 A* H.K.HANG SENG Wednesday 1128.07 Tuesday closed Week Ago 1060.86 SYDNEY INDUSTRIALS Wednesday 883.88 Tuesday 888.00 Week Ago 888.81 ALL ORDINARIE8 Wednesday 811.88 Tuesday 814J8 Week Ago
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    • Article
      Lock icon Hongkong
      335 4 Source: SHK See PRICES soared again yesterday in response to further cuts in the US prime and a bullish article in the press concerning trade prospects for the second half of 1960. Attention was on blue chips such as HK Bank, HK Land and Hutchison while the old favourites
      Source: SHK See  -  335 words
    • Article
      Sydney
      395 4 NERVOUSNESS over next month's Federal budget and a fall in overseas interest combined with interest rate pressure and a confused gold market produced a generally easier trend yesterday, dealers said. Among minings, Poseidon, which dealers said had been oversold recently, rose Al5 cents to $4-20 while Mount Lyell added
      395 words
  • Page 4 Advertisements
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      150 4 überttKf dfriU K\ f HP Wa Jt fM Apres dinner dancing at the Black Velvet first drink charge waived for Hubertus Grill diners. Sunday to Thursday. Naaaim Hit, Singapore 1025 P O Bo* SB. Tanghn P O Dorit forget your dancing shoes, dinner at the Hubertus Grill is just the
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  • OVERSEAS
    • Article, Illustration
      Lock icon BANI-SADR SWORN IN
      47 5 AP. IRANIAN President Ahdolhassan Bani-Sadr (left) seen here with the head of the Supreme Court and leader of Islamic Republican Partv Ayatoilah Mohammed Behestl, when he took the oath of office in a social session of the Iranian Parliament in Teheran on Tuesday. At
      AP.  -  47 words
    • Article
      Lock icon Conservatives face censure motion
      343 5 Reuter BRITAIN'S Conservative government faces a censure motion in Parliament following Tuesday's announcement of the worst unemployment figures since the depression of the *****. The government said a total of 1,896,634 people were out of work this month 7.8 per cent of the nation's workforce. The
      Reuter  -  343 words
    • Article
      Lock icon Forecast of decline in US economy
      548 5 Reuter THE US Federal Reserve Board said real GNP will probably drop between 2.5 and 5 per cent in 1900, and then increase by 0.5 to 3 per cent in 1961. The prediction came in its mid-year monetary policy report to Congress, released at
      Reuter  -  548 words
    • Article
      Lock icon Output expected to fall
      173 5 Reuter OVERALL industrial growth in Europe came to a halt in the second quarter of the year and will be in retreat during the next six months, Chase Econometrics said. The feared synchronised downturn of the world's major industrialised economies has thus occurred, it said. Chase
      Reuter  -  173 words
    • Article
      Lock icon Japan urged to limit car exports
      767 5 AFP JAPAN should take firm voluntary measures immediately to limit its exports to the European Economic Community this was the view of the majority of the nine countries represented at a meeting of the EEC's Council of Foreign Ministers in Brussels on Tuesday. Britain,
      AFP  -  767 words
    • WORLD IN BRIEF
      • Article
        Lock icon DROP IN U.S. ORDERS
        459 5 Agencies NEW orders received by US manufacturers of durable goods fell $1.91 billion or 2.8 per cent in June to a seasonally adjusted 165.42 billion, the Commerce Department said. The fall followed a 7 per cent drop in May. A FIRE at u iU Installation la
        Agencies  -  459 words
    • Article
      Lock icon Tokyo car imports a crucial issue says Holbrooke
      298 5 AP A SENIOR US official has said Japanese car imports have become "a really dangerous issue" but that it will not affect "the fundamental political and strategic bonds" between Japan and the US. Mr Richard Holbrooke, assistant Secretary of State for East
      AP  -  298 words
    • Article
      Lock icon Bell to make bid for Rolls
      203 5 UPI THE BELL Group of Australia has announced that it will make a U5529.4 million bid to take over 25 per cent of English motorcar manufacturer Rolls-Royce. The Perth-based transport and media group's chief executive, Robert Holmes A'Court, said the bid price would be
      UPI  -  203 words
    • Article
      Lock icon Exxon profit up in second quarter
      111 5 Reuter EXXON Corporation, the world's largest oil company, has reported a 24.1 per cent rise in second-quarter profits which it attributes to improved refining and marketing activities overseas. Exxon's profits of US$l.O3 billion, or $2.36 a share for the period, compared with $830 million
      Reuter  -  111 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      709 5 ARRIVALS Service Local Operator Nunber Time From SIA SQ580 0710 MAA MAS MH601 0700 KUL SIA/BA SQBA17 0715 LHRBAH MAS MH621 0835 PEN SIA SQ101 0815 KUL RBA BI421 0930 BWN MAS MH671 0930 PEN/KUL MAS MH605 1000 KUL SIA SQZ11 1000 HLP CPA CX710 1005 HLP
      709 words
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      Page 5 Advertisements Column 1
      3 5 •Leader... Page I
      3 words
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      Page 5 Advertisements Column 2
      113 5 ■:innnHi','iinMi tHs fil ,1 The outdoor condensing unit powered by famous 6E Climatuff™ compressor provides the cooling refrigerant while the quiet indoor console unit delivers cool, comfortable air without bulky, costly i i tt 5# ai Hill liiiliiii lllliliim Ilia i a 4 ft n fiiiiiiii •IB m m 8&
      113 words
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  • Article
    Britain needs Mrs Thatcher
    365 6 BRITAIN'S economic woes and the inability of successive governments, whether Labour or Conservative, to come to grips with the seemingly ever more insoluble problems have become standard fare in our daily diet of world news. We have in this second half of the 20th century watched
    365 words
  • Article
    S'pore can make its mark in money
    305 6 THE ULTIMATE in printing expertise and integrity is required in the printing of securities and currency notes and the minting of coins. That is why so many countries still rely on the established printers in Europe and the US for their national currencies.
    305 words
  • Article, Illustration
    Lock icon Shock prevention better than cure
    1617 6  -  By SAMUEL BRITTAN FT IN THE MIDST of so many controversies about national economic policies it is easy to forget that the recession is worldwide and that the specific policies of different governments are responsible mainly for variations around a common theme. There is, moreover,
    FT  -  1,617 words
  • Article
    Lock icon GOING CHEAP
    597 6  -  By FOX BUTTERFIELD NYT TO EARN foreign exchange for its modernisation programme, China has begun exporting workers for construction projects in West Asia. Several other Asian countries, including Taiwan, South Korea and the Philippines, have already made major profits by dispatching teams of low-paid labourers to the Arab
    NYT  -  597 words
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      159 6 \.v> f- H V i v\ Sy\ < \V' 5 '.•>• < c v V/ it < V •V *f; O °>:- N OS < *»V; C- -I 13" r <v c.y- v> s S V v r. N If SALES make A your Organisation tick. m. m Analyse vour
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1528 6 Crooks and coronets IF YOU mined the first toy af lie I— rfa fee last week, be awe to keep the Mi slat tree toalght. Yn Jut aright he ntoto a mri huh. which wphgM Tmxl, is sheet twe yeug tow grsrisstes whs Jeto the cMservative Wsll Street tow Bra,
      1,528 words
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  • Article
    Trying to lead Hua's mind
    925 7  -  FORUM i With WILLIAM SAFIRE THIS FELLOW Jimi Ka Te is shorter than I expected. I'll tower over him on Chinese television, which is good, because I need all the stature at home I can get. We're in the same boat, the American president and
    925 words
  • Article
    Legislation is needed to end gold-hawking
    524 7 Letters to the Editor Dear Sir, I refer to the report on "Hongkong dealers required to register" (BT July 19). We know from painful experience that with the fluctuation of gold prices, more financial fiascos have resulted from the invidious presence of local gold
    524 words
  • Article
    Preliminary stage
    92 7 Dear Sir, We refer to the article m Japaa Airlines Development Campaay's negotiate with Martaa Centre HakHngs la connection with the development of three hotels at Mariaa Centre <BT Jnly 21). Oar eampaay has not proceeded beyond a very prellmlaary stage of dlscnsston with J ADC. Fnrthermare, estimated
    92 words
  • Article
    Lifting the lessor half of the loan business
    1559 7  -  Leasing in Singapore has not quite gotten off the ground. But, LEE YOKE MENG reports, the current emphasis on automation and computerisation should provide the industry with fertile ground for growth. This will depend on the drive shown by all involved, which
    1,559 words
  • Article
    NO LEASE ON LEADERSHIP
    856 7 SEVERAL of the leasing companies in Singapore have agreed on the general need -for a leasing association. But so far, none of them is willing to assume the role of chairman or even to be the leader in any move towards a concrete form of solidarity.
    856 words
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      Page 7 Advertisements Column 1
      186 7 The Ritmo. From the start it was made to be different. Using a computer, Fiat found the perfect combination of safety, comfort, stability and economy. Next, lasers helped cut down noise and vibrations making the Ritmo a quiet car. And lastly, robots were used in the final assembly, eliminating the
      186 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Zurich
        192 8 JULY 22 Francs Actions Suisses 291 unrh Alusuisse Br 1180 10 Alusuisse Reg 445 2 Brown Bovrri Br 1715 -10 Clba Geigy Br 1110 unch Clba Geigy P C 890 -10 Clba Geigy Reg 810 3 Credit Suisse Br 2305 10 Credit Suisse Reg 401 2 Elektrowatt Br 2510
        192 words
      • Article
        Frankfurt
        178 8 JULY 22 Dm Aeg-Telefunken 8900B 21 60 *****0 438 50 ***** Bay H T Wbank 266 00 ***** Bayer 117 00 ***** BMW ***** -2 330 00 Chem Verw ***** 1 Commerzbank ***** 3 Conti Gummi 63 90 0.9 Daimler-Benz 263 00 -L5 265 50 ***** Deutsche Bank Dresdner
        178 words
      • Article
        Paris
        271 8 JULY 22 Frs CORBEILLE Air-Liquide 416 B S N Gervais Danone 993 CSf (ThomsonCsl) us 4 3 .j CI* Francaise des Petroles 235 -05 Compagnie Financier* Compagnie General* 370 1 Credit Foncier De France 427 SO 3.5 Hachett* (Librairie) 236 3 uncli Machines Bull 56 Micheiin (B> 775 15
        271 words
      • Article
        Amsterdam
        223 8 JULY 22 v\% ABN Ahold Z 68.70 1.2Ak7n 23 60 0 5 Attfbank 312.00 -1.5 AMEV 86 70 0 2 A m (us ***** 1.5 Anirobnk 68 10 0.7 Bergoss 33 50 -2.6 Brrk 95 00 >08 Hols 59 30 0.1 Borsumij ***** -1 burhmann 67 80 0.3 Hvenkorf
        223 words
      • Article
        Milan
        105 8 JULY 22 Lire Anir 1 05 Asset Gen ***** •10 Bastogi 52b -17 Central# ***** 210 Fiat 1394 -116 K insider 6*25 -*5 Gen Immob 1555 -15 IH Pri 2075 -119 Italcementi ***** •750 Ilalgas 825 -1 Itulsider 329 6.5 Magneii M Pf 450 unch Marelli Err 293 75
        105 words
    • Article
      Lock icon LISTING ON AMEXFOR TEXACO CANADA
      74 8 Reuter THE AMERICAN Stock Exchange (Amex) said it has approved for listing 120.8 million shares of Texaco Canada Inc. The company said the shares authorised include 30.1 million outstanding and 90.4 million which will be issued in connection with a proposed four-for-one stock split that
      Reuter  -  74 words
    • Article
      Lock icon Advance reversed
      999 8 NEW YORK Reuter A STRONG stock market advance on Tuesday was reversed by late afternoon profittaking kicked off by rumours of unrest in Iran, and prices eased in heavy trading. The market in the last few sessions has hit record highs, as measured by several broadly based indices,
      Reuter  -  999 words
    • Article
      TORONTO
      125 8 JULY 22 CS Hud Bay Mm Imp Oil Inco «4 26. unch Ini Prov Pipe 18 J Int Uts 18 unch 1 1 Inll Nickel 26 Bank Nova Scotia 32 T Kerr Add Lobla* B 18. -t-'. Massey Ferg 8 BP Can Ltd 46 unch Mattagami Lake Mr Blodel
      125 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      592 8 See Pag# 9 for Jo'burg prices and Page 4 for Asian stocks Where to wine, dine and entertain The Great Family Do-lt-\bursetf Barbecue DAILY 4-COURSE Businessmen's Lunch only SB.OO V Entertain your friends in royal style at our 'fa EMPEROR'S ROOM Hotel Royal of KLM't Go4d«n £ih|iija Tulip Hot«l( Newton
      592 words
    • Advertisement
      Page 8 Advertisements Column 2
      88 8 a l v i It's all here i Just the place to be before a night out on the town. Loosen up and unwind with a long cool drink from 2 our well-stocked bar. A Music Time: 7.30 pm to 1.00 am nightly a Business Hours: 11.00 am to 1.00
      88 words
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  • BANKING AND FINANCE
    • Article
      Singapore market
      417 9 THE U.S. dollar closed sharply against the yen at 223.60/75 against a 222.15/30 opening and a 221.30/40 in New York yesterday, dealers said. Dealers attributed the dollar's firmness against the yen mainly to commercial demand by banks and expectations that the Bank of Japan may lower its official
      417 words
    • Article
      Hongkong
      159 9 THE U.S. dollar firmed against the yen in late active trading, but held steady against most other major currencies, dealers said. The dollar strengthened throughout the day to a late 223.00/10 yen from an opening 221.65/75 and New York's closing 221.30/40. Commercial demand for the dollar and news of
      159 words
    • Article
      Treasury bill tender
      43 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $80 million 91-day Treasury bills to be issued from July 28 to August 1. Each tender must not be for less than $250,000.
      43 words
    • Article
      PLR
      22 9 THE average rale at which major Singapore banks are currently prepared to lend to their beit customers is 11.2 per cent.
      22 words
    • Article
      ASIAN $
      177 9 ASIAN ASIAN currency deposit interbank rates as at close on July 23: US DolUn(Saot) Offer Bid 7 days 811/16 89/16 1 month 87/16 85/16 2 months 8% 8*4 3 months 9', 9 6 months 9Vi 9H 9 months 9M 9 12 months 911/16 99/16 8w.Fr*. Dm. (Middle Price*) 1 month
      177 words
    • Article
      Discount
      48 9 RANGE of prices offered by discount houses on July 23: Overnight: 6% 615/16% Call deposits: 6V 4 Closing Buying Selling 3- month Treasury bills 6% 6V« 3 month Bank bills 99/16 9 7/16 3 months CD 813/16 811/16 6 months CD 813/16 811/16 Source: National Discount Co
      48 words
    • Article
      Australia/NZ
      53 9 AUSTRALIAN and New Zealand exchanges opening quotes yesterday: Australian exchanges: U551.1625/1.1577 Stg 0.4879/0.4825 90 day air mail buying rates: Stg 0.5123, US$l 2021 90 day fwd buying rates: Stg 0.4919, U551.1535 NZ exchanges: Reserve bank midrate U550.9686 Trading bank indications: U550.9936, 0.9636 Stg 0.4152, 0.4122 90 airmail buying rates:
      53 words
    • Article
      Frankfurt
      32 9 FRANKFURT exchanges opening quotes yesterday: US* 1.7398/7406 (1.7382/89) Stg 4.152/160 (4.134/142) Can 1.5092/5109 Dfl 91.31/44 Sfr 108.68/81 Lit 2.098/103 Ffr 43.03/08 Nkr 36.25/31 Bfr con 6.244/52 Bfr fin 6.205/215 Yen 0.7792/7801
      32 words
    • Article
      GOLD
      332 9 GOLD futures in Singapore closed sharply higher compared with overnight levels in generally light trading yesterday. Opening quotations were marked up sharply between U5514.50 to $16.50 an ounce following the metal's sharp rise in New York on Tuesday. The market then eased around US$l during lunch close on some
      332 words
    • Article
      LONDON
      276 9 THE U.S. dollar opened firmer yesterday against continental currencies and was sharply higher against the yen in line with late trading in the Par East. They noted that Eurodollar interest rates were slightly firmer on news of orders received by US manufacturers of durable goods fell 2.8 per cent
      276 words
    • Article
      TOKYO
      155 9 THE U.S. dollar for overnight delivery closed sharply firmer at 223.15 yen, compared with a 221.00 opening and 220.15 at Tuesday's, dealers said. Trading was hectic with the volume US$l.2l billion. The dollar rose briefly to a seven-week high of 223.60 yen in active late trading on increased import
      155 words
    • Article
      Lock icon Sterling M3 rise as expected
      293 9 Reuter UK MONEY supply on a broad seasonally-adjusted sterling M 3 money stock basis rose 0.7 per cent, or by £400 million to £58.47 billion, in the four weeks ended June 18, the Bank of England said. This is in line with the authorities' previously
      Reuter  -  293 words
    • Article
      JOHANNESBURG
      289 9 JUt-Y 22 Rand INDUSTRIALS A Alpha 400 i i* uau> Tongaat Trust Bk L'n St*el Uniscc 1580 700 156 155 250 -20 10 -9 unch Abercom AE And CI AMIC Barlows Cg Sugar 375 800 2400 1150 I180B 10 5 25 25 MININGS Anglos 1815 35 ON A Curnr
      289 words
    • Article
      Banco de Chile's presence hinges on group's decision
      455 9  -  By ALVIN TAY THE establishment of a representative office in Singapore by Chile's largest commercial bank may well depend on the decision of a Chilean conglomerate to locate its Asian representation here. BHC Enterprises is a group of 50 financial, industrial, agricultural,
      455 words
    • Article
      Lock icon KL joint venture
      84 9 Reuter BUMIPUTRA Unit Trust. Komplek Kewangan Malaysia Bhd, will acquire a 51 per cent stake in South British Insurance Co Ltd's Malaysian operations under an agreement signed in KL, the Tryst's chairman, Ghaffar Baba, said. The New Zealand-based South British will own the remaining 49 per cent
      Reuter  -  84 words
    • Article
      Lock icon June rise in world loans
      70 9 Reuter BORROWING on international capital markets rose to U559.49 billion in June compared with $8.57 billion in May revised from $.15 billion, the OECD said. Its latest monthly financial statistics supplement shows international bank loans fell to $4.06 billion from $5.05 billion in May while
      Reuter  -  70 words
    • Article
      Lock icon Taiwan's stay in ADB is secure
      122 9 Reuter TAIWAN'S membership of the Asian Development Bank is secure, at least for the time being, director of the central bank's foreign exchange department, Mr Chia Hsin Pao, said yesterday in a briefing at the 1980 national development seminar in Taipei. He said Taiwan's
      Reuter  -  122 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      131 9 'V fHE »WL -•'■r.vr m 154 years ago, it sealed the world s finest Scotch. It still does. In 1824, when The Glenlivet was born, there was but one way to seal a bottle. With a cork. And there was but one Scotch with flavour readily recognized as the standard
      131 words
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      Page 9 Advertisements Column 2
      442 9 NOTICE CITY DEVELOPMENTS LIMITED (Incorporated in Singapore) ANNOUNCEMENT RIGHTS ISSUE OF 40,497,551 NEW SHARES AT 551.60 PER NEW SHARE Further to the announcement dated 9th July 1980, the Directors are pleased to inform stockholders that approval in principle has been received from the Stock Exchange of Singapore Limited for the
      442 words
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  • Article
    BUSINESS DONE ON THE SES & THE KLSE
    1890 10 BUSINESS DONE ON THE SES THE KLSE BID and offer prices officially listed and business in and resported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL ft COMMERCIAL Acma (1328)(3)132(4)134(2) 138
    1,890 words
  • Article
    Unit trusts
    155 10 8D4G AFORE UNIT TRUST (Mni|in' frtw brMN) The Commerce 2JB 3.00 The Savtaf> Fund 1.82 1.81 S'pore PPOf Fund 1J4 1.41 Spore Sk. Fund 117 IS S'pore Invert Fund 1.77 l.Mxd S'pore Equity Fund 1.31 1.37 OWMONTAMJ (Miiigin' prta- Mr JM M> Union Spore Fund 1.01 Vk 1.144
    155 words
  • Article
    SHARE INFORMATION SERVICE
    2826 10 1980 High Low Conptiy Laat Sale orGr't Div Div Cvr Gr** Y'ld Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 370 223 149 170 324 81 352 424 312 414 245 Acma 220 Alcom 110 Allied Choc 140 BAT 270 Bata 00 Ben 275
    2,826 words
  • Article
    In Kuala Lumpur
    1949 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 INDUSTRIALS Ateaa (2.358 2.365) (2) 2.35 (1) 2.38 (I) 2.38 A CkM
    1,949 words
  • Article, Illustration
    ST index at another 7-year high
    739 10 THE BULU3 atoned toe tradiag fleer ef toe ampere stoeh exchange yesteriiy pestlag sahateatial gatoa igtoat a bread hlmtteaef sharee. Apart tram a trickle ef prefft-taklag, aeatimeat wae distinctly firmer. Ceaaters prevleaaiy excluded treat toe Hat ef bvestm* tevearites were atae drawa late toe
    739 words
  • Article
    Limelight on plantations
    557 10 PLANTATION stocks surged to the forefront of trading amidst generally steady conditions at the Kuala Lumpur stock market yesterday. Buoyed by strong buying interest, these previously neglected counters advanced steadily to close with good gains. The New Straits Times Rubber index, reflecting the outburst of support, rose
    557 words
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  • COMPANY NEWS
    • Article
      Near full house at Hotel Grand Central
      580 11  -  By CHOO AI LENG A CONSISTENTLY high occupancy rate saw Hotel Grand Central through another profitable year with group pre-tax earnings for the year ended Dec 31, 1979 up 29 per cent to $1.49 million. Its average occupancy rate last year was 96.9
      580 words
    • Article
      Osvar may pump more funds into Gula Perak
      555 11 OSVAR Plantations (OP), which last month served a takeover offer notice to Gula Perak's directors and receivers and manager to acquire the remaining 23 million shares of 68 per cent of Gula Perak's issued capital may invest additional capital in the company
      555 words
    • Article
      COMPANY BRIEFS
      202 11 CYCLE aai Carriage, informing the Stock Exchange of Singapore (SGS) of the closure of its Mercedes-Benz assembly plant, said that it is not possible to forecast the future financial effect on the group. All Mercedes-Benz vehicles will in future be imported into Singapore fully assembled. THE SES has
      202 words
    • Article
      Higher profit at Malayan Cement
      327 11 PROBABLY as a result of the cement price increase granted last year, Malayan Cement has reported a sharp jump in earnings at mid-term. Group pre-tax profit for the six months to May 31, 1900, jumped 66 per cent to $9.59 million over the $5.78 million
      327 words
    • Article
      $24m loan to finance API's development
      329 11 ASSOCIATED Plastics Industries (API) has signed a $24 million loan package with three banks to finance the second phase of its overall corporate development plan. API will use part of the borrowings to restructure its existing loans at better rates of interest. The latest
      329 words
    • Article
      Cold Storage (M) has plans for further expansion
      644 11 COLD Storage Holdings' wholly-owned subsidiary Cold Storage (Malaysia) (CSM), in which 8.75 million shares or 35 per cent of the equity are on offer to Malaysians, will continue to seek further expansion and product diversification. In its prospectus issued in connection with
      644 words
    • Article
      DIVIDENDS ANNOUNCED
      357 11 Carreat Payment Ex Date Books Cloae Date Total for Total for Payable the year Previoaa year Alex Hide* B Kawat B S«mb D Baby FAN G Town G 1 HM|i Iat Wood JC Eat JC MPH Kg Laajut K Kimpir Kucbai Lica Hoc M Brew Maiaa Ctaiaera Orieatal
      357 words
    • Article
      SCRIP ISSUE
      156 11 Company Particular* Ex Date Booka Close Bolton City Dev FAN Grand Central H Leong Finance Hume M JC MPH SanyoInd SP Textile Spore Glaaa Bonus Issue of 1 (or 2 Rights Issue of 2 for 3 ,«4l 60 per share Bonus Issue of 1 for 3 Bonus Issue
      156 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      149 11 Can one man's greed upset the balance of world power? S8 D 9 j 52 £2 yi Q mm Va 2c<s ■v Morgan Khoo, an obese Chinese tycoon addicted to ice-cream and youthful flesh, masterminds a daring scheme to make himself even more millions MOU capture the Prime Minister and
      149 words
    • Advertisement
      Page 11 Advertisements Column 2
      847 11 SINGAPORE GLASS (1974) LTD i Incorporated in the Republic ol SingtpM* Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the company will be held at Meeting Room One, Third Floor, Mandarin Hotel, 333 Orchard Road, Singapore 0923 on Friday 15 August 1980
      847 words
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  • Article
    Lock icon Fed to reduce growth of money and credit
    697 12 NYT THE UNITED States Federal Reserve Board (Fed) will reduce the growth of money and credit next year although this will result in higher interest rates and a more sluggish economic recovery. Fed chairman Paul Volcker said the Fed had decided not
    NYT  -  697 words
  • Article
    Lock icon Sri Lanka gets tough with strikers
    174 12 UPI THE SRI Lankan government has acted to restore Order in Sri Lanka by pushing forward retaliatory measures against workers who joined a call for a general strike. A presidential secretary issued to representatives of all banks details on the trade union bank accounts
    UPI  -  174 words
  • Article
    Tolls to be levied on KL-Seremban route
    288 12 TOLLS will be levied from next June for the use of the Kuala Lumpur-Seremban Expressway. A spokesman of the Highway Planning Unit (HPU) in Malaysia said yesterday that private cars may be charged $1, while heavy vehicles more. He said the HPU is
    288 words
  • Article
    UAE to cut crude oil production
    91 12 THE United Arab Emirates (UAE) will cut crude oil production by 80,000 barrels a day from Aug 1, Oil Minister Mana Said AlOteiba was quoted as saying in a newspaper interview published yesterday. There was no immediate official confirmation of the report in the
    91 words
  • Article
    Lock icon Bahrain studies plan for stock exchange
    156 12 Reuter BAHRAIN is considering the feasibility of setting up a stock exchange which could eventually become an international securities market. Assistant Under-Secre-tary for Commercial Affairs Hassan All Al-Nusuf said the Commerce Ministry would discuss with other Gulf countries on making the exchange regional at
    Reuter  -  156 words
  • Article
    LONDON STOCKS
    790 12 LONDON, Wed. Share prices tended easier in quiet trading as operators marked time ahead of another possible reduction in the minimum lending rate tomorrow, dealers said. At 3pm, the FT index was down 1.4 points at 485.3. Equity leaders were a penny or two easier. An early feature
    790 words
  • Article
    Lock icon Japan to continue tight money policy
    159 12 AFP THE GOVERNOR of the Bank of Japan, Mr Haruo Maekawa, yesterday said the bank would continue its present tight money policy despite mounting pressure for its relaxation. Earlier, the chairman of the ruling Liberal-Demo-cratic Party's (LDP) Policy Affairs Research Council, Mr Shintaro Abe,
    AFP  -  159 words
  • Article
    Freeze on taxes in Manila
    76 12 PHILIPPINE President Marcos yesterday ordered a freeze on all taxes in an apparent response to growing opposition to any move to raise duties on petrol. President Marcos' action followed a tax-freeze move within the interim national assembly and a student boycott of classes. A statement
    76 words
  • Article
    Lock icon Call to liquidate Israeli settlements
    388 12 Agencies PRESIDENT Sadat of Egypt has called for the "liquidating" of Israeli settlements on the West Bank and Gaza strip. He said he is prepared to renounce the Camp David peace accords if other Arab nations can propose an alternative solution to the Palestinian autonomy
    Agencies  -  388 words
  • Article
    Lock icon Iran fundamentalists nominate premier
    287 12 AFP THE FUNDAMENTALIST Islamic Republican Party, which holds a majority in the Iranian Parliament, has nominated Mr Jaledin Farsi as Iran's first postrevolutionary prime minister, the party newspaper, Islamic Republic, said yesterday. Mr Farsi is a leader of the party. His name would be put to
    AFP  -  287 words
  • Article
    Lock icon Singapore urged to develop health centre
    169 12 UPI HEALTH ministers have suggested that Singapore develop an urban health centre to train students, sources at an Asean conference said yesterday. The three-day meeting, the first among health ministers of Asean countries comprising the Philippines, Thailand, Singpore, Indonesia and Malaysia ends today. Sources
    UPI  -  169 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      271 12 ADVERTISEMENT Industrialist Announces Breakdown Reporters covering the story were surprised when they arrived at the press conference to be met by the visiting American company president, drink in hand and bellowing "Yam Seng". The industrialist who obviously had been celebrating all morning with his Singaporean partners, was asked the reason
      271 words
    • Advertisement
      Page 12 Advertisements Column 2
      256 12 American President Lines Linertrain System makes more connections Announcing the opening of the San Pfedro-NewYork Linertrain Presidential service is yours weekly on American President Lines' transcontinental rail service between Los Angeles (San Pedro) and New York. Yet another new route on our Linertrain Now, a 28-day /J intermodal cargo I
      256 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      65 12 AT:H Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several places from late morning. Report for 24 hours prior to 7JI p.m. m July 23 at the airport. Maximum temperature 29.4 Associated humidity 74 Minimum temperature 25.0 Associated humidity 97 Hours of sunshine Nil Rainfall in
      65 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Conferences raise CAFs
        90 13 Reuter SHIPPING conferences covering trade between Europe and the Far East said they will raise currency adjustment factors from the following areas, effective Aug 1. West Germany, Holland and Belgium 55 per cent versus 53, FYance 32.5 per cent vs 30.5, South Korea 35 per cent vs
        Reuter  -  90 words
      • Article
        Lock icon Balanced results?
        86 13 Reuter HAPAG-LLOYD AG still thinks balanced results are possible in 1980, after net profits fell last year to 3.6 million marks from 15.1 million in 1979. Karl-Heinz Sager, deputy management board spokesman told the annual meeting, Hapag awaits the second half of this year with trepidation owing to
        Reuter  -  86 words
      • Article
        Task Group in S'pore
        106 13 A ROYAL Navy Task Group comprising 5 warships and 4 Royal Fleet Auxiliary support vessels arrived in Singapore yesterday to undergo maintenance at the naval basin in Sembawang. The majority of the group will leave on July 28 but some will remain until Aug 11. The
        106 words
    • Article
      Coastal lines need to coordinate their schedules
      488 13  -  By G DURAIRAJ MALAYSIAN coastal shipping companies should urgently consider co-ordinat-ing their schedules of shipping services from Peninsular Malaysian ports to Sabah and Sarawak to overcome the long waiting time. A Malaysian shipowner who declined to be identified pointed out that congestion in
      488 words
    • Article
      INDEX TO ADVERTISERS
      572 13 Shipping Line CM Skipping Liae Pw CM Adriatic IV 5 Evergreen IV 3 Afea VI 3 Fesco V 1/2 Afro-Eurasia vra 2 Flotta Lauro V 5 All trans VI 5 Fortune VI 5 Alpac VI 5 Franco-Belg m 4/5 Angkutan VI 4 Frata NVOC VI 2 ANL
      572 words
    • Article
      Gotaas-Larsen sees stronger second half earnings
      402 13 GOTASS-LARSEN Shipping Corp expects higher second half earnings to continue through 1981 following lower first half profits compared with the same 1979 period, president Kenneth Trippe said. However, he declined to give a detailed forecast. Second quarter results, after first quarter share earnings of
      402 words
    • Article
      Lock icon Conferences fight for market share
      706 14 Lloyd's List SPURRED by a wave of aggressive reductions by the four conferences serving the east and west coasts of North America, freight rates have now dropped 15 per cent since March. Sea-Land of the US is still considered the culprit for the decline by
      Lloyd's List  -  706 words
    • Article
      Saudi port undergoing huge transformation
      303 14 "yflE Saudi Arabian port of 3fenbu has undergone massive expansion in preparation for the construction of |n industrial complex, deemed one of the world's igargest development projects. 'J, Starting in 1976 with just 9#o berths and inadequate ■jfecilities, the port now has a total of
      303 words
    • Article
      Container Schedules
      929 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of aririval 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
      929 words
    • Article
      LONDON FREIGHTS
      1503 14 BROKERS reported quiet chartering throughout the freight market on Tuesday, with rates generally ruling fairly steady. North American grain chartering included business from the US Gulf to Hamburg at U5515.30 fio for August loading and a cargo from the Gulf to Japan for July/August at 128.25 fio. Business
      1,503 words
    • Article, Illustration
      Lock icon Study shows US-flag operations cost more
      857 15 Seatrade THE grievances of profitstarved US vessel operators and would-be regulatory reformers have been substantiated by a group of Washington consultants. Their recently released study, "The Competitive Position of the US Flag Shipping Industry", evaluates a long list of operating disadvantages plaguing the US-flag
      Seatrade  -  857 words
    • Article
      Lock icon Finland to build Arctic ships for Russia
      335 15 Fairplay AS PART of a gigantic order for various industrial components amounting to more rtmn US$6OO million, Finnish shipbuilders will supply the Soviet Union with nine powerful ice-breaking cargo ships for Arctic use. The order is divided between Valmet and Wartsila, with the
      Fairplay  -  335 words
    • Article, Illustration
      SHIPS IN PORT
      531 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Builder II (0700 after Equator 11)22 Bum Chin (Tanker) (after Dove P/O Subject Gas Free) 13/14 Dooam No. 7 (after Waheng) 23/24 Joo Hong (Tanker) (fter Fedor Petrov P/O Subect Gas Free) 16 Joinville (2300 after Temburong 4 Bunga Gelang sail) 38/39
      531 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3437 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
      3,437 words
    • Article
      PORT CONDITIONS
      867 20 ALGERIA Annaba July 16, berthing delay of about 60 days. Algiers, Oran A Skikda July 16, ports congested with delays of between 5-15 days. ANGOLA Luanda July 16, 7-10 days berthing delay. Lobito July 16, No wait- log time. ARGENTINA Bahia Blanca July 7, no delay. Buenos Aires
      867 words
    • Article, Illustration
      Lock icon Concentration out of danger
      217 20 Reuter DUTCH salvage experts has started eleariag pockets of highly Inflammable gas la a giant tanker which cracked In half sad settled partly sahmerged at a Jetty la the basy part e( Rotterdam. The crew of 43, mostly Hoagkoag Chinese, scrambled to safety from the Liberlaa-reglstered
      Reuter  -  217 words
    • Article
      Lock icon Toxic chemicals spilled after collision
      115 20 UPI TWO ships collided late Tuesday in the Mississippi River Gulf outlet and one of the vessels dropped canisters containing highly toxic chemicals, forcing the evacuation of up to 500 people in nearby Shell Beach. No injuries were immediately reported and neither vessel was in
      UPI  -  115 words
    • Article
      WORLD SERVICES
      305 20 EUROPE-MlddJe East: Hamburg based Mid Eastcargo, formed in March this year by O.T. Express Line and Finnlines, has increased its ro-ro capacity with the addition of the newly built 12,600 dwt vessel Qatar Express. The ship, which was initially named Ro-Ro Genova left Le Havre on her maiden
      305 words
    • Article
      WHO ACTS FOR WHOM..
      1555 20 The leading shipping lines operating from local ports and the agents who handle cargo bookings for them. A B Achlpelege R T Transportation (S). Adriatic Container Continental Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agencies (S)/Euro-Asia Line (PK/PN). Afre-Earasla Liae Transgroup Pte Ltd (S). Alfred C.
      1,555 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      427 13 nrV GRAMARD LIME INDEPENDENT-ATTRACTIVE RATES MEDITERRANEAN/EAST ASIA SERVICE ACCEPTING CONTAINER CARGO PCL ONLY FOR: PORT SAID, ALEXANDRIA, BEIRUT, LATTAKIA. UMASSOL, ISTANBUL A PIRAEUS Specially engaged agents stevedores providing immediate discharge. 6MNJMD SHIPPING AGENCIES (S) PTE LIB. TEL *****77 (5 Ltnesl Mi lAR DIM A N I AI r^iNGs Orient Overseas
      427 words
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      Page 13 Advertisements Column 2
      227 13 SEALORI) ANTAH UASC UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF EXPRESS MULTI-PURPOSE SERVICES Mina Qaboos (3/9) Mtna Al Fahal (4/9) Dubai (6/9) Damman (8/9) Kuwait (10/9) FULLY CONTAINERISED SERVICE 1 1 S pore Loadnt for Jeddah 1/9). Hotodah 6/9) SCM.OU SMPfW AGEMCIS (Rtf. No. 242K5/OOC) 3RD FLOOR. MAMM HOUSE SINGAPORE
      227 words
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      Page 13 Advertisements Column 3
      14 13 I CONTAINER Schedules LONDON Freights SHIPS In Port SHIPPING List REGIONAL Weather PORT Conditions
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      868 13 <I> cnan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS Agents II J UNIMCiFIC TRANS A TIUDM6 AfiENCT PTt LTI. Tel *****4 (5 lines) SINGAPORE MAERSK LINE EXPORT TO U S. PACIFIC. GULF, ATLANTIC, EAST CANADA AND ASIAN PORTS Maersk Rando 27-21/7 3-4/8 10-11/8 17-11/f 24-25/1 31/1-1/9 28-29/7 5-6/8
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      506 14 LEO SHIPPING PTE LTD SINGAPORE PERNAS-MISC Sra SHIPPING AGENCIES SDN BHD PORT KEIfING PENANG HEAD OFFICE: WISMA MISC TEL: NO: KL *****8 MALAYSIANNTERNATKtNAL SHPPNG CORPORATIONBERHAD Ate keeping Fer 1) Barcelona. Genoa. 2) Amsterdam Antwerp. I Havre. Bilbao. Basle UK. 3) Bremen. Bremenhaven. Aarhus Copenhagen. Helsinki 4) Malmo. Stockholm. Oslo 'Accepting
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      Page 14 Advertisements Column 2
      316 14 815 SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA IttTC* CM Man Sa* Chafe hw H Tar* total St lata l Ori. Hmkm tartta M« TOM *25/7 23/# 1/9 6/9 8/9 9/9 9/9 17/9 19/9 24/9 15 IV* J»/8 2-4/8 26/9 1/10 4/10 5/10 7/10 9/10
      316 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      682 15 STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Overseas M MM Containers Limited Weekly service to/from UK/Europe CfIWTMOSW SERVICE TO UK/COWlCff: HW| S'ttrt Pl4m| D'aurt BaiaMtr 21M 1* Ahc 20 A«f □batten 2A* 3 ta( 21 A* 23 A* hnm 4A* 25 A* 27 A* tta*k*n( Eiprni 31*1*
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      Page 15 Advertisements Column 2
      572 15 NOTICE CARGO VESSEL AVAILABLE 2000 dwt single decker avalable Singapore about 26th July 1980. Interested in cargo direction East Malaysia telephone: *****33. rlj Franco Belgian Services (F iy Fin? Frr-ich >< rt io« \!>: /<• t\i r Fiistt rn inf i 1 CMNACONTABER KOREMMCEM t. KELANC laNawt I'i HVrj mm*
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      479 16 Span PMmi trtan Blmw Mm Li Mr 21/7 l«/« 20/8 ST 23/1 3/« zi/i a/i a/t a/« 27/1 28/8 30/8 31/1 2/9 30/8 5n 19/8 a/s 27/8 3/9 L ifZS- «/i 11/8 M/S FBCMWBTH-fIWT SA. Bay U/7 13/7 14/7 18/7 pi?* 1 1 19/7 a/7 22/7 24/7 I RffORTS I
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      Page 16 Advertisements Column 2
      464 16 KOREA f. Keianc POMN6 LINE SHIPPING CORPN ALTAI 153W 21-24 Wy 25-27 Uy 29 Uy-2 Au| FROM BUSAN BANGKOK ALTAR 154E 21-24 My 25-27 My 29 July-2 Auf TO BUSAN VEGAISIN 10-13 Auf 14-16 Auf lt-21 Auf FROM BUSAN BANGKOK VEGA 152E 10/13 A(i{ 14-16 Au 18-21 Am TO BUSAN
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      Page 16 Advertisements Column 3
      404 16 EVERGREEN LINE r FAR [AST HIROPf FXPRfSS FUtl CONTAINER SERVICE 1 ACCEPTMG CARGO FOR: HAMBURG. FELIXSTOWE. ROTTERDAM. ANTWERP. IE HAVRE. ALSO ACCEPTMG CARGO FOR; SA. MANCHESTER. BRMMttIIAM BRISTOL. LIVERPOOL GLASGOW. LEEDS. i: i' i 'A'.J ENTUr- l* 22* Htm MM I a Ewlacfcj Ukl lIM U*» E««*M 22* 12** 141*
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      Page 16 Advertisements Column 4
      734 16 y y V s\ fo Everett Lines "BURMESE NATIONAL LINE" LOAOMG FOR RANGOON 12/ MM Agant* in Moaoy-wo BO TO. NOS KL *****2/ BOUSTEAD SHPWNG 22/*****9 LOAOMG FQi Mi ii immmmbm* 1 A. C.I. F. "ARGENTINE NATIONAL LINE" WBAN. CAPCTONN","MONTEH)EO, BUENOS IKS Sfm 17/11 taß "MEXICAN NATIONAL LINE' m EAST/MEXICO
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      Page 16 Advertisements Column 5
      427 16 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE AUSTRALIA SERVICE J/TEr r v"?s nfluttL BANGLADESH SERVICE MY ST 25/*** OfTWeONB, JAPAN/STRAITS SERVICE ten P. Mmi PMH OOMPH kfvl 25-2S/7 ■OA NO J bM 25-21/7 ME9HKB hi Nrt 25-21/7 27-21/7 'MMBffSI asni re~4B®™? R UN re. 4(4(44, 4(4751 ocum ma stoe
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      Page 17 Advertisements Column 1
      819 17 L. PIL GROUP EAST AFRICA/REDSEA SERVICE SING APORE/CHITTAGONG/RANGOOM/SER VICES Singapore 29/31 My Loading For Chrttagong. Madras SINGAPORE/BANGKOK/SINGAPORE DIRECT SERVICES SINGAPORE/INDONESIA/SINGAPORE SERVICES mr >hm .\i: S E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ VESSEL VOY. Zircon 14S Nap. Topaz 16S Nop. Zircon 163 Nop. Topaz 118 •LCL 25/7 Noon. FCL
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      Page 17 Advertisements Column 2
      803 17 Ny BEN LINE CONTAINERS ESP •mm" 1/1 !B% ivi a/i Till Maibpm 27/1 mem a/i COyMCdtta* 3/1 IraaNn 9/9 iMUg WBURG B-MVEN roMi H W. CaraMM/Aastna BcMko Fi •mm IM IM Mi Takja toy SaM faM bM i tain bM faM bM MREM faM faM SJM 24/7 a/7 at, *1
      803 words
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      Page 17 Advertisements Column 3
      709 17 tl 1 H Scan Dutch V WEEKLY EXPRESS CONTAINER SERVICE 2$ W: 1 ft m: m 52? *>" 1 >r«M J)*Tto|4)Cl»i an w u/i ii/i a/i 5 w v» a/I m w i/i iv» »a in t/% ia IVI VI l/l VI u/l mmm a/i wi is/i ivi u/i mxm
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      Page 17 Advertisements Column 4
      475 17 BOUSTEAD SHIPPING AGENCIES KUMfTNI SMGAPORE cti Reumor ft Eta (ate ictaptox East I BANK LINE FOR REUMON I SOUTH AFRICA •EAVERBANK 19-21/8 22-26/8 4/9 10/9 17/9 20/9 Lines U.S. NEST COAST SERVICE (rf «Mk obo at Leepw* Loa*oort/Los A*fWs I Soo Froncsco) T/S «b MM (Lm* aMy) ETD S»on ETD
      475 words
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      Page 18 Advertisements Column 1
      780 18 K line KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA KC«p<aW> tar Boston. St. Ma, MMb. I N CORAI 19*. C CONTAKfR 7W K IACENN 6W N GARNET C PAUL 23W IX BRDGE 2W 1 Vancouver. PorttW. IMm. Umln Ne« Orleans RMfcf. SmMh. lacfcionvfle TO EUROPE (accop4M| cvpti
      780 words
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      Page 18 Advertisements Column 2
      478 18 L A** Oct IS Oct AUSTRALIA EXPRESS CONTAINER SERVICE i Fa/ra "intMMi SDK NEW ZEALAND SERVICE irmrai i* Fa,fa wgwTßKou. P Mttnt JAPAN SERVICE S«|lpwt 11 Mr VtSHYA KAHUNA (omits Mop) A VESSEL t Wiif 1/2 Aut 3/4 Aac It/19 A«t "Wshva arrwH" INDIA SERVICE 10/11 Am 20/21 Sept EXPRESS
      478 words
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      Page 18 Advertisements Column 3
      569 18 o A roup SINGAPORE SHIPPING AGENCIES PTE LTD 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 13 LINES! GENERAL *****1 114 LINES* TERMINAL OFFICE *****83 ELEX RS 245% RS ***** A B CARSHIP CABLE CARGOSHIP IkCfiional Container tines WEEKLY CONTAINER SERVICE to/from BANGKOK IADE BOUNTY JADE BOUNTY JADE BOUNTY JADE
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      Page 18 Advertisements Column 4
      662 18 Tt\ ORANARD LINE INDEPENDENT ATTRACTIVE RATES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING CONTAINER CARGO FCL ONLY. FOR PORT SAID. ALEXANDRIA, BEIRUT LATTAKIA UMASSOL ISTANBUL A PIRAEUS Specially engaged agents A stevedores providing immediate discharge Tiff SIM V 39N MM CHEONG V.4IN Cjfcx Port it* Ikitmßn, 27 Aug Bml I lattalua arty
      662 words
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      Page 18 Advertisements Column 5
      608 18 MMMMM 1 INTRASEA (PTE) LTD. P aber House 234E Orchard Singapore 9 Telephone *****11 *****57 MOMASIA'MmMMK REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S'pare P. Katang Nee* LaadMg tar 4h( m ROTTERDAM/BOU.O CAEN MTRASEA (TIE) LTD 2352(11 BOOK ME *****57 C TEO SMPPMC A TRAOMG 400(44, *****2. 400(70 < MTER
      608 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      517 19 NOL NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE/UK (VIA SUEZ): 'O." 0* rnp ACf Cons J'T-I W CORAL Saita C. CONTAJNER 27/7 K. JACEJM 1/8 H GARNET 7/8 C. PAUL 15/8 TWBMDGE 19/8 C. ROZE J 28/8 Also accepting cargo to/from Scandinavia FROM EUROPE (VM SUEZ)
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      Page 19 Advertisements Column 2
      162 19 TRUCONTAINER EXPRESS INTERNATIONAL (S) PTE LTD Suites 1311/1312, Sham Towers. Beach Rd. Singapore 0718 Regular Container Service accepting FCL/LCL Cargo for Australia All Ports New Zealand Auckland, Lyttleton Sri Lanka —Colombo United Kingdom —All Major City Call *****81. Terminals. HAJ SHIPPING i SDN. BHD. Express Unltload Service from Port Klang
      162 words
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      Page 20 Advertisements Column 1
      458 20 NOTICE WATERMAN STEAMSHIP 4iTTTi"TiT.i i[ij; is piaassd ta laioaaca tba ciiMtciiMt of a ragiiir ■oathly LASH sarvica •ffiriai carta spici fraa Soith East Asiia P«rts ta U.S. Atlaatic. Gill art Mississippi Rivar parts. The first soiling wilt be the vessel 'GEORGE WYTHE" (B». 1974) WSCI Port Kebnf Singapore 28th July
      458 words
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      Page 20 Advertisements Column 2
      89 20 NOTICES IP Place «f Bwey: PJS.A. I General Survey on damaged cargo discharged ex the above vessel will be held on 24th July 1900 at 8.30 a.m. No further survey will be after this date. TOKO LINK M/V: "AQUA PRINCESS" V-l Arrt.lPk at Consignees of all damaged cargoes ex the
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      150 20 Regional Weather ti 0 I X u K 'vL r i fA a s I Xrfc^ wr OL t 1 i <y. W V»vv SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LMflli R Thunderstorm Temperature °C Shower Rain Cloudy Sky Temperature Weather Dew point C joT Wind
      150 words