The Business Times, 26 September 1980

Total Pages: 24
1 24 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 111/1/81 FRIDAY, SEPTEMBER U, IIM 50 CENTS
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  • BRIEFLY...
    • 72 1 Reuter LONDON, Thurs. The free spot market price of oil is edging up after four days of fighting in the Gulf, West European oil traders said. Sellers are asking US$35 a barrel of crude compared with under $33 two days ago, Rotterdam and London dealers reported.
      Reuter  -  72 words
    • 82 1 Reuter NEW DELHI, Thurs. Prices of essential commodities in Afghanistan have risen sharply in the past few months, a former Afghan government official said. The official said one Seer (7 kg) of rice was now available at 500 Afghanis (about $23) and that mutton and chicken were
      Reuter  -  82 words
    • 69 1 AFP KUALA LUMPUR, Thurs. The United States will continue to stand by Malaysia and her partners in Asean in seeking a peaceful and just resolution of the conflict in Kampuchea. Expressing the United States stand here today, the new American ambassador, Mrs Barbara Watson said the
      AFP  -  69 words
    • 58 1 Reuter TOKYO, Thurs. Japanese Prime Minister .Zenko Suzuki said Japan, which is under heavy IUS pressure to increase defence spending, would not change its basic attitude towards national security. Mr Suzuki said iapan, which has a no-war constitution imposed by the US following World War Two, was
      Reuter  -  58 words
    • 61 1 Reuter SEOUL, Thurs. Overseas construction contracts won by South Korean companies amounted to about US$4.7 billion so far this year, a gain of 27 per cent during the corresponding 1979 period, the Construction Ministry said today. About 90 per cent of this year's orders were placed by Saudi
      Reuter  -  61 words
    • 53 1 UPI PHILIPPINES, Thurs. President Marcos has authorised resumption of construction of the Philippines' first nuclear power plant, Energy Minister Geronimo Velasco said. Construction at the plant was suspended following a nuclear accident last year at Three Mile Island that prompted opposition leaders to demand a review of its
      UPI  -  53 words
    • 99 1 AP NEW YORK, Thurs. The stock market headed higher Thursday morning as concern over the war between Iran and Iraq appeared to abate. The Dow Jones average of 30 industrials climbed 4.35 to 969.11 in the first half-hour. Gainers took a slight lead over losers in the early
      AP  -  99 words
  • 148 1 Rises Indices Pegi Maia 945 Syn Resins 550 Hong Lmi| lad 318 Bata 390 Oriental Hid (a 625 Dun lop Ind 570 UK 242 Sel Properties 1440 Boastoad 515 Boris 101 Public Bank 740 Falls NVI 2100 C Sugars 1060 Tan Chong 1340 O C B C
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  • Article, Illustration
    143 1 Falls Indices Syn Resins 530 -86 Sep 24 Sep 25 *****.*****79.63 Tan Chong 1340 1440 2100 -60 B.T.Index: Sel Props M U Ind —60 -60 Industrials: 767.72 745.01 C Sugars PMC 1030 1040 -50 —50 Finance: Hotels: 1112.45 1103.60 382.02 381.72 Kg Lanjut OCBC 680 1230 -30 -30
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  • 662 1  -  CLEARER DEFINITION OF TERMS By AGNES WEE THE smis Development Fund Council has put together a clearer and more detailed set of guidelines for training grants. The council has realised the need for more precise definition of terms such as "skills" and "upgrading" as companies
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  • 245 1 A 10-MAN committee formed by the Asean Chambers of Commerce and Industry (Asean-CCI) will meet here on Oct 8 to discuss ways of enhancing its role in regional economic and industrial cooperation. The committee, headed by Mr Jose Concepcion Jr of the Philippines, will
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  • 397 1 THE Gold Exchange of Singapore (GES) is about to take on an aggressive »t»nH tO wf nd the MBber of participants and volume of business in the local futures market. Informed sources said that the GES is thinking of directly approaching active and recognised participants
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  • 415 1 ALTHOUGH Asean is fighting for the retention of Democratic Kampuchea's seat in the United Nations, it does not want Pol Pot and the Khmer Rouge to be in power ever again. There are other leaders available who have not been associated with the atrocities of Pol Pot,
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  • 209 1 THE baiiM nii lingered m it the Staftpm Mi, tar tke MMaTte; lie eeastotoat Bur sf •eiliag mdsn scat the Strata Time* ladastrlal Un Ml pdata lever to OJL This, together with the preview day'* ISpsiat phuge, repreoeats ft palate to tws
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  • 426 1  -  By KOH TSE YING THE development of a prime Urban Redevelopment Authority (URA) site appears to be threatened by a dispute between two partners, one a stockbroker and the other a property developer. Mr Lin Tab Hwa, managing director of Lin Securities (Pte), has filed
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  • 76 1 GOLD slipped Mow US$7OO yesterday as the market gradually discounted the Iranian-Iraqi war factor. Dealers said the lack of significant new developments in the conflict made for the easier trend. In London, gold was traded around $696 in early afternoon trading. The morning fix was $706, $5.50
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  • Page 1 Advertisements
    • 4 1 f SEE back page
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    • 41 1 The PDP Open "I'm proof you can hit hard with the open and still have control." ROSCOE TANNEP professionally designed products. Available at your favourite sports stores. Sole Agent UKndiov& The Spot's People Wholesale Tei *****4 *****4 Re'aii Tel *****6 *****3
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    • 52 1 I fijff [M|f SHIPPING TIMES MEDBUELD to ftisenkle A CLOSE M at Brttoai' teadeacy to rtrito 7 HUME laiastrlM (FE) tfiWy to ANOTHER twa kaiki MALAYSIAN eampaoJ after Pi—ag strike*..WORLD eU gtart may AIBCKAVT i, TV AND RADIOI, CROSSWORD I, WHERE TO WDHB AND MNE t SHARE INFORMATION M, COMPANY
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    • 211 1 ff.VMr WICfI'NII x.f'W I Don't leave home without it Consumer demand patterns in ASEAN Woo 00 > O°Z 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
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  • TRADE AND INDUSTRY
    • 448 2 MEDISHIELD, a leading manufacturer of medical equipment and medical gases, will be starting a manufacturing facility in Singapore next year. Initial investment is expected to be about |3 million. The company will be assembling anaesthesia machines for distribution to Asean countries, Korea and Japan. Mr
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    • 260 2 SEMINARS AND COURSES Sep 20-27: 3rd Asean Congress of Cardiology, Mandarin, Singapore Cardiac Society Sep 27: Quality Promotion and Motivation at Shop Floor Level, Hotel Equatorial, Sisir/SQRA Sep 29-30: Seminar on Motivation for Quality, Hotel Equatorial, SQRA Sep 29-Oct 3: Gears Manufacturing Techniques, Cuppage Centre, NPB Sep 29-Oct
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    • 201 2 THE education system will have to play an increasingly important role in responding to manpower needs as Singapore advances towards higher technology. This is strongly felt by the Science Council of Singapore which will be organising a series of seminars on scientific, technical and engineering education
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    • 111 2 COMMODITY traders and dealers will soon get an opportunity to take part in a technical trading seminar jointly sponsored by a leading dealer and some top American operators known as Global Technical Services. The three-day seminar and workshop sessions will begin on Oct 1 and is expec ted«to
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    • 333 2 CHIEF executives, finance directors, corporate treasurer», accountants or bankers will welcome the coming 1980 Asian Corporate Finance Conference to be held in Hongkong. Organised by the Institute for International Research, the conference will cover in depth 36 subjects ranging from corporate planning and diversification to project finance and
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    • 296 2 SHOULD children be protected from indiscriminate advertising? This was one of the topics that came under debate in the television programme "Opinion" telecast last night. Two prominent figures in the advertising field, Mr Ronnie Kirkwood and Mr Joseph Ostrow felt it is the responsibility of parents to
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    • 196 2 SINGAPORE'S first large scale diamond-cutting factory was recently set up to cut and sell diamonds to local and foreign Jewellers. Incorporated on May 14, South Asia Diamond is a Joint-venture company with local, American, Swiss and Hongkong participation. The company has a paidup capital of $2 million,
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    • 295 2 DE BEERS, a world-re-nowned producer and supplier of diamonds, is against the "idea of buying diamonds purely for investment". This was announced by Mr Chan Kok Kwan, president of the Diamond Importers Association of Singapore (DIAS). Chan explained that this could result in speculation which would threaten
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    • 110 2 AN INVESTMENT guarantee agreement is to be signed by the Malaysian and British governments in the near future. Mida officials in London said the agreement will protect the investments of both countries against nationalisation or expropriation unless taken in the public interest under due process of law
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    • 98 2 MR James Holland, former director of marketing development, NL Drilling Products group, has been appointed manager Baroid Far East in Singapore for NL Baroid, NL Industries. Mr Holland succeeds Mr Murl Mattingly and reports to Mr Don Gregg, hemisphere manager, Pacific operations. In addition to his duties
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  • Page 2 Advertisements
    • 101 2 AVAILABLE FROM KOOL-AIR Sf»: p >2 >H TO VS. Carrier's New Super Round One 33X mote energy efficient. Carriers new Super Round One (38VE) is a majpr breakthrough that's big on energy savings. It gives you central airconditioning that's 33% more efficient in terms of aircon running costs. And it's
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    • 520 2 MUI MALAYAN UNITED INDUSTRIES BERHAD (Incorporated in Malaysia) NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of the Company will be held at the. registered office, 16th Floor, Wisma Mirama, Jalan Wisma Putra, Kuala Lumpur on 17th October 1960 at 10.00 a.m. for the
      520 words
    • 430 2 Wfe have a history of making money grow jmk Lombard North Central ispartof JKjNm 1 one of the world's largest banking JW9I fe j groups and we have a history whicHHpl 2 C i a covers more than 100 years. £jl j Weofferarangeofdeposit Jfl (II JJJIJ schemes which will produce
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  • REGIONAL
    • 544 3 WATCHING LABOUR'S MOOD ELECTRONICS companies in and around Kuala Lumpur are keeping a wary eye on the labour situation after a spate of wildcat strikes in electronics factories in Penang. One company in the Sungel Way free trade zone whose Penang subsidiary was affected
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    • 167 3 THE Penang state government and Penang Development Corp officials will be meeting employers of factories in the Bayan Lepas free trade zone to investigate the illegal strikes. Officials of the Free Trade Zone of Penang Companies Association (Frepenca), who did not want to be named,
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    • 280 3 Reuter INDONESIA'S benchmark price of U5531.50 per 42-US-gallon barrel for Minas crude is to be held until at least the December conference of Opec, Mines and Energy Minister Subroto said in Jakarta. He told a parliamentary commission on Wednesday that this was the
      Reuter  -  280 words
    • 96 3 SOUTH Korea will allow the establishment of whollyowned foreign business ventures and lower the minimum level of foreign investment to US$lOO,OOO from $500,000. Deputy Premier Shin Byong-Hyun, also Minister of the Economic Planning Board, said the government move, effective immediately, aims to open the economy to foreign
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    • 147 3 JAPANESE Prime Minister Zenko Suzuki reaffirmed the government's policy of restoring fiscal health to the economy. He said Japan's cumulative fiscal deficit is expected to top 72 trillion yen in fiscal 1980 ending next March and added there is a real danger the country will be
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    • 441 3 Reuter SOUTH Korean President General Chun doo-Hwan intends to abolish the country's present political parties under the terms of a new constitution, authoritative Korean government sources said. They said the President wanted a new multi-party system free from the factionalism which has dogged the
      Reuter  -  441 words
    • THE REGION IN BRIEF
      • 503 3 Agencies NORTH Korea said on Tuesday it has decided to suspend preliminary talks towards a summit meeting between the premiers of North and South Korea because of "an intolerable grave situation" in the south. The North Korean delegation said in a statement, reported by the North Korean Central
        Agencies  -  503 words
    • 333 3 Reuter THE Philippines yesterday formally resumed construction of its first atomic power plant, halted 15 months ago after the Three Mile Island nuclear accident in Pennsylvania. The government will now have to find some US$5OO million in foreign exchange to meet the extra cost
      Reuter  -  333 words
    • 384 3 UPI THAILAND'S army is ridding the Kampuchean border of all outsiders in an effort to "clear the way" for a possible new onslaught from Vietnamese forces, senior military commanders said on Wednesday. The action coincided with military intelligence sources reporting a new massing of
      UPI  -  384 words
  • Page 3 Advertisements
    • 170 3 Now from Frans, the same prestige and luxury in your office that it has given your home! We present from Mariani of Italy the Serie Big director's office suite. In a smart contemporary mix of ageless saddle leather, black laminate and glass. Library and low cabinets Director's desks with matching
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  • RAW MATERIALS
    • 328 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.08, 100 per cent second class 0.95, 100 per cent third class 0.93, 25 per cent new crop no stock, B-10 per cent 0.80. THAI BROKEN: A-super 0.72, Special 0.68.
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    • 283 4 VALUES on the Malaysian palm oil market yesterday weakened in line with easier overnight Chicago levels and the continuing Iran/Iraq conflict. The Indian State Trading Corp declined offers, which also depressed sentiment in thin trading. October in the Central, Southern and Northern regions fell MJ22.50, $10 and $20
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    • 193 4 CHICAGO soybean futures on Wednesday closed 17 to four US cents a bushel lower in mostly local trade. Prices settled near the bottom of an 18 Vi-cent range. Local profit-taking weighed on values from the start, as traders became increasingly nervous over forecasts of improved harvest weather. The cash
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    • 88 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Sep 25 until further notice: Bakker: 310 Vi cents a kilo; Cepra: M 5711.21 a tonne; Palm keraei: $955.75 a tonne; White pepper: $3,868.33 a tonne; Black pepper: $2,768.33 a tonne; The rates of duty
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    • 169 4 CHINESE Produce Exchange, Stagapsn, rlMlag prices per INkg yesterday. C«u—at «A: Bulk fob 130.00 sellers, old drum (in second hand drum) fob $130.00 sellers, new drum fob $136.50 sellers. Cspra: Mixed (loose) $72.00 buyers. Feppar: Muntok white pepper fob Asta NLW $447.30 sellers, Sarawak white pepper faq fob
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    • 193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot exgodown) Csttsa yara: China Blue Phoenix 20s 2,060 32s 2,630, 40s 2,880 (per bale of 400 lbs). Pleee gssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 180 4 WHEAT futures in Chicago on Wednesday closed two US cents a bushel higher to unchanged. Prices settled near the top of an B'/2-cent range. Steady technical buying on the market's inability to sustain or extend an earlier decline rallied prices back to the plus side. Local short-covering aided the
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    • 374 4 PRICES on the Singapore rubber market yesterday were marked down slightly at the opening on easier London advices before some short-covering demand einhged to check the decline at mid-morning. However, the market turned easier again in subsequent trading in moderate trading conditions. The morning session closed lower with October
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    • 308 4 RAS prices In cents per kilo jreeterdajr Noon (per kilo) Bayers Sellers Int. 1 RSS prompt f o b. m.00 30S00N Int. 1 RS S October 305JO 306.00 Int. 1 R.S.S. November 311.50 312.00 Int. 2 R.S.S m oo mooN UK/coot moo mooN int 3 rs.s moo mooN
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    • 93 4 NOON SSR RA8 w4ay fVt,fc m L Nina bar j, loznz: MU) (farwtH MU) w;*n8 •ll*n B«|«n 1 allai i 888 x> i:s ass MU0 M7MN amjo maoN SSR 80 NUO MUON m» msoN MUU 8 MR CV 8MB L 8MRI SMRGP SMR 10 SMS 30 SMR
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    • 38 4 Rubber: Sept 25 Singapore: Oct: 305.50 cents (down 4.50 cents) Malaysia: Oct: 308.25 cents (down 4.75 cents) Tin: Ms2^2lo (down $6) (equivalent to $36.54 per kilo) (down 10 cents) Official offering: 125 tonnes (np 34 tonnes)
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    • 61 4 THE STKAITS Um price Peaaag fell Ms« yesterday I» $2,tit per pical. The prlee was $15 •km the literuflNil Ha Agreemeat eelttag. Despite higher Leadee advices, priees (ell •a a larger esatilhatlsa ef tia ere aai retattreiy small haylag (rem Japaa, Esrepe, the US aai lecally, dealers Tsraever
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    • 784 4 UVVU: Robusta futures yesterday staged a slight recovery to dose the morning narrowly mixed £10 up basis spot 3epteinbei at £985 to £3 a tonne down from Wednesday. Turnover was 593 lots including two options. Physical market continues quiet with primary robustas somewhat tight and at premiums to
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  • ASIAN STOCKS
    • 668 4 TOKYO SOMETHING quite opposite to general expectation has occurred. Hie pressure of the external elements, that is the nonresident investors, proved themelves stronger than the internal elements, the domestic participants, concerning their attitudes towards investment. An instant agitation among the domestic Investors the day before, fearing that
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    • 284 4 THE MARKET yesterday opened Arm, softened in the mid-morntag and weakened further in the afternoon. Rumours that interest rates would go up and the Middle East situation tripped off profit-taking. Blue chips ted the decline hot Far East Oonaortiuin «ent up against the trend and gained 5 cents. Hanf
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    • 290 4 NEWS that Iran and Iraq had stopped oil exports boosted the energy sector as asrvoos gold traders re-in-vested profits yesterday, brokers said. The gold sector opened generally weaker in re- sponse to the New York gold market's almost unchanged quote at USJ7IO/712 and drifted lower in the afternoon. SEPT
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    • 198 4 SEPT a BahU asm credit IB -2 Asia Fibre A^yuUiaya^Inr Bangkok Investment Bangkok Bank m unch Bangkok Drying And Silo Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia lit 1 Bank Of Ayudhaya 117 IXd -2 R>u Beiit Jucker Carpet Inter National Charoong Thai Wire Crown Seal
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    • 154 4 THE STOCK market yesterday continued mixed as commercial/industrial and oils remained firm but mining was lower, brokers said. Turnover rose to 6 J& million pesos from 2.4 million. Phflex B, Basic Petroleum, Oriental B, Phil Overseas and PUTT rase while Benguet Con B, Lepanto B, Podco B, Marsteel and
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    • 51 4 FINANCIAL TIMSS INDUSTRIALS Wertnsertsy 483J Tuesday 485.1 Week Ago 9004 DOW MNM A VBEAGK INDUSTRIALS Wxlniirtij 004.76 Tuesday ***** Week Ago 961M HJLHANG 8KNG Thursday *****6 Wednesday closed Week Ago *****8 8TDNKY INDUSTRIALS Thursday 788« Wednesday 755.77 Week Ago 738.96 ALL OKDINAJUK8 Thursday __9«J7 Wednesday ***** Week Ago
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  • Page 4 Advertisements
    • 195 4 Do you know that you can now hold a memorable conference hi the East Coast? With a touch of Hyatt. The Meranti Function Room at the Hyatt Kuantan can take up to 160 for meetings and cocktail receptions and 120 for banquets. Full conference facilities in this self-equipped centre includes
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  • OVERSEAS
    • 691 5 ARRIVALS Service Local Operator Number Tine From MAS MH601 0700 KUL TMA TL341 0715 BEY/DXB SIA SQ528 0750 DHA SIA SQ101 0815 KUL MAS MH621 0635 PEN RBA BI427 0930 BWN MAS MH671 0930 PEN/KUL SIA SQ211 1000 HLP MAS MH605 1000 KUL SIA SQ103 1000 KUL
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    • 240 5 Reuter WEST Germany's announcement of its first trade deficit (or 15 years confirms the deterioration seen in its trade account since the sharp oil price rise at the beginning of the year, commercial bank economists said. The economists said they were not surprised by
      Reuter  -  240 words
    • 171 5 AFP THERE will be a world shortage of 3.2 million tonnes of sugar compared with consumption for *****1, first estimates by London brokers Woodhouse, Drake and Carey showed. This compares with a gap of two to four million tons forecast by most other
      AFP  -  171 words
    • 125 5 Reuter THE US embargo on grain shipments to the Soviet Union has resulted in Eastern European countries buying grain from the US rather than from the Soviet Union. US Agriculture Secretary Bob Bergland told the Chicago Council on Foreign Relations on Wednesday that the major effect of
      Reuter  -  125 words
    • 397 5 Reuter THE BRITISH government is not seeking more real cuts in overall public spending either in the current financial year or its review of planned spending for the next financial year. A treasury spokesman was commenting on a report in The Guardian
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    • 232 5 NYT TREASURY Secretary William Miller warns that US relations with other nations are being seriously damaged by the (allure of Congress to approve funds for the World Bank and other development agencies. This year alone, US policy options following the Russian invasion of
      NYT  -  232 words
    • 85 5 Reuter A SOVIET draft resolution on the mass media, accusing imperialists and transnational corporations of dominating international communications, was added to the agenda of a United Nations conference in Belgrade. But delegates at the UN Educational, Scientific and Cultural Organisation (Unesco) conference said the draft
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    • 207 5 NYT RENAULT'S decision to acquire control of ailing American Motors is the centrepiece of a plan to establish the French company solidly in the world's largest car market. Company officials and industry analysts said the decision is alien part of a strategy by the french government-owned company to
      NYT  -  207 words
    • WORLD IN BRIEF
      • 420 5 THE Israeli sector of Jerusalem could remain under the Jewish state's sovereignty if the Arab sector were returned to Arab sovereignty, Egyptian President Anwar Sadat'said. In an interview published yesterday by the semi-offi-cial daily newspaper, A 1 Ahram, Mr Sadat said the Palestinians should speak for themselves in
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  • Page 5 Advertisements
    • 295 5 =^:<{@)|{^/+]_:&/@:/{\<')@!__;: four personal sign of the future Hailed as the heart of the third industrial revolution. semi conductor technology is creating new engineering standards for the whole of the Automotive world. Technological progress has so often borne the name BMW. The field of microelectronics is no exception and BMW head
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  • 311 6 THE NEW guidelines from the Skills Development Fund is timely because it effectively narrows down the types of training that qualify for grants from the SDF. Familiarisation courses and those not involving much acquisition of skills will now be excluded from consideration, thus saving companies the
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  • 255 6 IN A NATION where clear-sighted and incisive leadership is so desperately lacking, Treasury Secretary Bill Miller stands out like a silver dollar. And in a world where American power and influence, both military and economic, are increasingly being challenged and questioned, we must
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  • 1045 6 IRANIAN-IRAQI CONFLICT Fighting between Iran and Iraq has put both the US and the Soviet Union in a dilemma. RICHARD BURT compares their stakes and military and diplomatic options in the conflict. In the article below, YOUSSEF IBRAHIM forewarns the possibility of the diminishing oil
    NYT  -  1,045 words
  • 905 6 NYT BOTH Iraq and Iran on Wednesday stopped all their oil exports from the Persian Gulf region, taking some 2.7 million barrels of oil a day out of international circulation, according to oil industry and shipping executives. The sudden cutoff of oil from the
    NYT  -  905 words
  • Page 6 Advertisements
    • 128 6 Enjoy higher SAVINGS ACCOUNT interest rate today v :nt i 1 a rv 0 Fixed Deposits: 1 month 2 months 3 months 6 months 9 months 12 months 9 1 /2% p.a (minimum $10,000) 9V2% p.a (minimum $10,000) 9 1 A% p.a 9'A% p.a -9 p.a 8%% p.a «i9K RS
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  • Page 6 Miscellaneous
    • 1463 6 It's Friedman again WHO PBOTBCIS the ceanaerf This ahesrMag fnstlsa will be tackled sa Free Ts diw by 19* Nebel Prfae wfaaer Mlltea FW eat abeat tbe eeaUiltei States aid If ftaierinsss believe tbe nytb that then Is a geverameat ageacy ts pntoet eheeee fer earselves? The WerM el Sarvlval
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  • 843 7  -  Two American academics have taken a close look at Britain's tendency to strike instead of work and the real real reasons for the country's poor economic performance. PETER RIDDELL reports. PETER RIDDELL FT BRITAIN'S economic malaise arises largely from its productivity problem. Its origins lie deep
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  • 705 7  -  FOK TAI LOY Prate m-Chalrman DeoMeratteParty Dear Sir, I refer to recent reports in the press about increasing charges for medical care, emergency cases and hospitalisation as well as removing much of the medical and hospitalisation benefits of government and civil employees, certain statutory boards' employees, doctors
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  • 409 7  -  r Letters to the Editor L VINCENT YEO Dear Sir, I strongly disagree with your content of the last paragraph in your editorial, 'Small investors are not the beneficiaries', BT Sep 23. In this present age of economic uncertainty, raging global inflation and growing social
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  • 1019 7  -  FORPBj with B J WU ELECTIONS are around the corner. The PAP has already fired its first three salvos, by announcing three of its long list of new candidates. Some speculate that Dday will be in December, others adopting the "I know more than you"
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  • Page 7 Advertisements
    • 147 7 m i r w i as Will the future be worth living? It's up to all of us! In the year 2000 they will be grown up. But will there begood develop better medicines. They aearch for methoda to years? increase food production. WW they have enough to eat? Will
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 215 8 SEPT 24 Fls ABN ***** -2 Ahold 87.10 -2.8 Akzo 20 50 -1.1 AMEV 88 90 -06 Am fas 102 70 -03 Amrobnk 85 70 -12 Bergo&s 38 00 unch Berk Bol* 55 50 -0 2 Borsumij 237 00 -3 Burhmann 66 00 -05 Byenkorf 47 50 -0.5 aland
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      • 276 8 SEPT 24 Frs CORBEILLE Air-Liquide 454 90 3.4 B S N Gervals Danone 970 -18 C S F (ThomsonC$f) 501 -14 Cie Francaise des Petroles 229 -4 Compagnie Financier? Compagnie Generale 352 8 Credit Foncier De France 426 +2 Hachette (Libralrie) 273 >3 Machines Bull 54 -1.1 Michelin (B)
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      • 210 8 SEPT 24 Dm Arg-Telelunken 85 00 -1J Akzo 19 10B Allz Leben 1060 00 -1 Allz Vers 451 00 -2 BASF 130 00B -03 Bay H T Wbank ***** Bay Vbank 330 00 19 Bayer 114 00 -0.5 BBC 297 00 2 RMW 162.50 1 Cassella 245 00 -85
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      • 81 8 SEPT 24 Fr* FORWARD MARKET 327 8 Arbed 1410 >110 Astur 420 >19 890 -18 1034 -28 12M -38 Cock 220 uneh Dr Beers 354 -9 1825 -10 5500 -10 Gb-Inno-Bm 2290 -15 Ofv 1250 2550 10 PeVo 5130 170 2565 -35 1260 >10 Soc Gen Brig 1250 -28
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      • 186 8 SEPT 24 Francs Actions SulUfl 296 unch Alusuisse Br 1200 •10 Alusuisse Reg 470 unch Brown Boveri Br. 1665 -20 Ciba Geigy Br 1000 -15 Ciba Geigy P C 825 -S Ciba Geigy Reg Credit Suisse Br 586 -4 2530 •IS Credit Suisse Ref 430 -5 Eleklrowatl Br. 2830
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      • 104 8 SEPT 24 Lire Anir i_ 9 45 unch Assoc Gen ***** -200 Bastofi 635 32 Central* ***** 19 Fiat 2300 58 Finslder 94 -05 Gen Immob 21 Ml unch IF1 Pri 29a -87 Italcementl ***** 100 I taigas 1220 +10 Italsider 350 •1 Magnet! M Pf 500 10 Marelii
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    • 208 8 SEPT 24 CS AbiUlx 23 4- A Iran 42' Algoma 38', Bank Monl 30'. Bank Nova Scotia 32'. Bell T#1 It Brlh Corp BP Can Ltd ZZ 45'. 4>| Brasran 35', Camp RrO Lakr 91 -T: Can Imp Bk 28 Canpac 51'. unci) Canpac Inv Pf 20 Carlinc OKrrfe
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    • 308 8 SEPT 24 Rand INDUSTRIALS A Alpha 305 -IS A be from 356 3 AE And CI 890 unch AMIC 2450 unch Barlows 1180 -45 Cg Sugar 1850S CNA 010 5 Cum* Finance 343 unch De Beers Ind Edron 615 -30 Edgars 8750 Eveready Fed Volk 505 unch Fugit 240
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  • Page 8 Advertisements
    • 208 8 Where to wine, dine and entertain Get away to Sentosa I Costs only HALF AS MUCH if you're residing in Singapore It's easy. Just book our chalet units, and enjoy a 50% discount. Offer applies MONDAY—THURSDAY (except public holidays and holiday-eves). For full details of the 50% DISCOUNT OFFER. call
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    • 135 8 fl*UrnLi JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open daily: 12 noon 3 p.m. 6.30 p. m. 10.30 p. m. For reservations call *****71 < «-iilm*\ I'nrk Slirniion SHFRA'ON HO T CLS A%D J "~>i 11^11| M >lt ,'.S '.'.OPLDvrwlOi St# r. fx LUNCH Hors d'oeuvres
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    • 184 8 See Page 9 for NYSE prices and Page 4 for Asian stocks The Great Family Do-KAburself Barbecue. 'I b |v m i k \n Jk «\V, *\:w* m uefc Choose your weapons Every Friday and Pooteide at the lust choose what you want and barbecue it Meat, seafood salads sauces
      184 words
    • 175 8 Inn Of Happiness Now open at the Hilton Dine Cantonese style. Dine Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. |A| MUTON MTERNATIONAb SINGAPORE
      175 words
    • 215 8 The American Express Card serves you well wherever great food is served 4 >-«»/ m> WeVe famous for mir rnntnnpcp a Tt V i t S J k What better place to enjoy a banquet? The Dragon Palace Restaurant is spacious enough to accommodate 450 people in comfort, catering (or
      215 words

  • BANKING AND FINANCE
    • 526 9 DISCIPLINE is the key to solving the US' economic problems, said Mr Lawrence Kudlow, chief economist of the American securities and investment advisory house, Bear Stearns 6 Co. Inflation in the US is set to rise further, accompanied by soaring interest rates particularly those in
      526 words
    • 81 9 Reuter THE South Korean won hit an historic low with the mid-point rate marked down to 622.10 to the dollar by the Bank of Korea. The rate has weakened by three won to the dollar since the Bank of Korea's last fix of 619.10 on Monday.
      Reuter  -  81 words
    • 55 9 MR NG Cheng Kwee has been elected president of the Insurance Institute of Singapore. Vice-president is Mr Khong Teck Guan while Mr KT Lim will act as honorary secretary of the 1,006member organisation. Mr BT Ng is the honorary treasurer while Mr Neo Lian Sun and Mr
      55 words
    • 414 9 Reuter THE Swiss reputation for being the leading world centre for physical gold trading may be in danger of being eroded by the official imposition of a 5/16 per cent tax on sales of gold physically delivered in Switzerland. The Swiss Bankers Association noted
      Reuter  -  414 words
    • 1232 9 NEW YORK STRENGTH in the oil group and some speculative issues offset a generally weak performance by the rest of the market and New York stocks on Wednesday ended mixed in heavy trading. Noting the selling had abated considerably from Tuesday, analysts said investors were somewhat
      1,232 words
    • 421 9 THE US dollar yesterday closed narrowly mixed against major currencies after moving within a small range during the day, dealers said. Trading was thin and cautious with operators awaiting further developments over the fighting between Iraq and Iran. It closed slightly lowerhat 215.10/20 yen against 215.75/90 in New
      421 words
    • 136 9 THE US dollar for overnight delivery yesterday closed weaker at 215.65 yen compared with a 216.20 opening and 218.20 at Wednesday's close. Trading was moderate with volume US$B4O million. The dollar fluctuated narrowly in nervous but slow late trading after an early weakness reflecting its overnight fall against the
      136 words
    • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.2 iper cent.
      22 words
    • 178 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Sep 25: U8D*ll*n<8pt) 7 dAjra 117/10 u vie 1 month liv, lm 2 months 12% 12v, 3 months 12% 12v. 8 months 12% 12V. 9 months 1213/16 1211/16 12 months 12 13/1612 11/16 SvJln. Das. (MUiU IS I, mm\
      178 words
    • 45 9 RANGE of price* offered by discount bouses on Sep 25: Overnight: 7% Call deposits: C%% to 7% Closiag Bsytsf SelliM 3-month Treasury bills 71/10 615/16 3-month Bank bills 11 10H 3 months CD 10H 10V* 6 months CD 109/16 107/16 Source: National Discount Co
      45 words
    • 41 9 FRANKFURT exchanges opening quotes on Sep 25: US 1.8000/08 (1.7997 /800T) Stg 4.320 330 (4.330/3«) Can 1.5449/64 on-9L92/92.02 S Ft 109 09/21 Lit 2.100/04 F Ft 43.01/08 N Kr-37.06/10 B Fr (con) 6.230 39 B FT (flu)-«. 10/199 Yen 0.8342/35
      41 words
    • 293 9 SINGAPORE gold futures yesterday closed generally easier following weaker overseas gold prices. Trading was light with the market still concerned over the fighting between Iraq and Iran, dealers said. Total sales for the day was recorded at 212 lots with interest mainly centred on December and February contracts. December
      293 words
    • 253 9 THE DOLLAR yesterday weakened slightly against most major currencies in quiet early trading. Opening quotes placed it at 1.7980/90 marks, against 1.8017/22 in Hongkong and 1.7995/8006 at the close in New York, and 1.6463/73 Swiss francs against 1.6485/ 6500 and 1.6495/6505 respectively. In the absence of any fresh support
      253 words
    • 151 9 THE US dollar was marginally easier yesterday though still well underpinned in late, quiet exchange trading as dealers awaited further Middle East developments. It stood at a late 1.8002/07 marks against an early 1.8025/30 but was still above New York's closing 1.7995/ 8005, and at 1.6475/90 Swiss francs against
      151 words
    • 64 9 QUOTES on the Australia and New Zealand exchanges on Sep 25: AUSTRALIA: US dollar 1.1706 1.1658 Sterling 0.4890/0.4835 90-day air mail buying rates Sterling 0.5134 US dollar 1.2138 90-day forward buying rates: Sterling 0.4930 US dollar 1.1693 NEW ZEALAND: Reserve Bank mMrate: US dollar 0.9799 Trading Bank indications: US
      64 words
    • 48 9 ZURICH exchanges closing quotes on Sep 24: US *****-6480 Stg 3.9574-9609 Can -1.4127-4140 D Mk 91.5638-6551 D F1 84.2199-3056 F Fr 4088-4469 B FT 5.7121-7175 D Kr 29.5389-5648 N Kr *****5-9236 S Kr 38,5888-6292 Ut 0.1924-1926 Aus sch 12.9289-9470 Port 3.2832-3003 Spain 2.2380-2415 Arg-0.68V.-9V4 Yen 0 7624-7636
      48 words
  • Page 9 Advertisements
    • 94 9 ir; .»Ka: restaurant -V" V Opening Soon Don't miss the exotic Chinese dining experience of cuisine from Hunan Business Hours: Daily 11.30 am 2.30 pm 6.30 pm 10.30 pm 214 Dunearn Road Yv>hTn Inn S'" 9 1129 A lIVJ R II I Tel: *****49. *****22 Business Opportunities Independent. ACTIVE LADY
      94 words
    • 588 9 The Sanwa Bank Limited (INCORPORATED IN JAPAN) NONCONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 1980 Cosh and Due from Banks Call Loons Securities Loans and Bills Discounted Foreign Exchange Assets: Foreign Bills of Exchange Bought Foreign Bilk of Exchange Receivable Due from Foreign Correspondents' Accounts (debit) Premises and Equipment Other
      588 words

  • 1715 10 BID and offer prices officially Hated and business in and reported to the Stock Exchange at 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 (3.488
    1,715 words
  • 158 10 SNGAPOBB UNIT1BU ST ODMONTAOV (Mim|hi' prieaa tar Sap (MaapfCpriM tortfepM) The Commerce 3.04 3.30 Union Spore Fund 1.30 1.2 The Savlnp Fund 1.99 ICS INCOBB BOM D UNIT S pore Prog Fund 1.36 l.Oxd (Cam* pel Income Bond 1MB) in S pore Sec. Fund 110 121 LB S
    158 words
  • 2686 10 Gr'. Gr*s Net 1980 Last Div Div Y*ld P/E Vol Day Hifk Low Company Sale or- Cvr ('000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 245 Acma 350 -2 15.0 2.8 43 133 67 350 348 276 220 Alcom 260 12.0 23 4.6 14.7 149 116 Allied
    2,686 words
  • 1942 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. MHMnUALB AMD (OJSB 0.926) Bala (3.7Q8 4.006) (1) ISO xd Baa (0.758
    1,942 words
  • 46 10 OTY Dmhftat LM*e wMm mew M «Ml eharee at fIJI par ehare met aßMftoaree far *J1 aOOm Aim «Hipereatdto be Imi, —4n «rttm Merges Greafell (AaU) LtfjeU* Tfce baleaee Aawe wffl >e tor 1 II lallllea Aaree, tt taiwaee qij tßl prMeeSawm titwkMtm af
    46 words
  • 770 10 ONLY A haadfal of totra managed to shrng off toe gleam at the Slags psro stoek market yesterday. Oa toe wheie, seatlmeat was rather weak aad deeUaes were well ahead ef advaaces. la the early morning, seUlag pressare was qalte aeate aad slgas s f paaie were
    770 words
  • 476 10 NERVOUS selling again wore down share prices at the Kuala Lumpur stock market yesterday as fighting raged on between Iran and Iraq. Prices fell sharply at the opening session, aggravated by short-selling as some panic set in, but the market recovered some ground in mid-morning. This
    476 words
  • 53 10 THE Republic of Panama's US$25 million floating rate notes due 1987 will be granted listing and quotation on the Stock Exchange of Singapore today. The dealings will be on a ready basis only and quotation of the notes will be fTprtsstd as a percentage of the principal value
    53 words

  • COMPANY NEWS
    • 446 11 MATSUSHITA Electric has warned shareholders they will definitely see a squeeze in the group's profit margins in the current year ending this Dec 12. It says 1980 will not be an easy year for two reasons. First, more and more competitors, both foreign and local, have
      446 words
    • 425 11 WHOEVER believes that Sigma Metal Company is one of those ne'er do well listings on the stock exchange is in for a big surprise. While almost everyone expected a slow recovery by the company over the next few years, Sigma's latest interim results tell a very different
      425 words
    • 193 11 Lingui Developments, the newly restructured oil-palm group has reported group pre-tax profit of M 5431,000 for the year ended June 30, 1980. No comparative figures were given since the group's results include for the first time the eight months trading results of its sole
      193 words
    • 131 11 GOODYEAR International announced a Mss3 million expansion of the plant which it operates in Kuala Lumpur as a Joint venture with the Malaysian government agency, Peraas. I B Thomson, president of Goodyear International, announced the new investment' at the official opening of a $35
      131 words
    • 786 11  -  By CATHERINE ONG HUME Industries (Far East) is likely to turn in a bonanza of earnings for the current year as demand for its products soars in the wake of a building and construction boom in Singapore and Malaysia. Echoing this buoyant outlook, chairman Michael Fam told
      786 words
    • 316 11 FAST growing Supreme Corporation is to issue further shares to bumiputra interests to maintain the 30 per cent participation, which of late has been diluted by a spate of acquisitions. Supreme said its directors consider that the time is appropriate to restructure its capital so as to comply
      316 words
    • 683 11 WMM mm™ HOCK LOCK SIEW EVEN against the general slide on the stock market yesterday, Pegi Malaysia proved to be a shooting star. At the closing {Mice of $9.45, the share was |1.15 higher over the day and a meteoric riser compared with $3.34 on Sep 12. So,
      HOCK LOCK SIEW  -  683 words
    • 286 11 ELECTRICAL Allied IWutrioa BM: AGM to be held at Bangunan MIDF, No 195A Jalan Pekeliling, Kuala Lumpur at 10.30am today. JACK Chla-MPH Ltd: AGM to be held at Shangri-La Hotel, 22 Orange Grove Road, Singapore at 12 noon on Sep 27. SOUTHERN Klata C—»B dated (M) BM: AGM
      286 words
    • LATEST RESULTS
      • 28 11 amounted to M 52.65 million ($2.43 million) for the first half of this year. Turnover increased to $38.11 million from $29.27 million.
        28 words
      • 39 11 TEXTILE C orporation of Malaya made group pre-tax profits of |1.48 million for the first half of this year compared with $1.55 million the previous corresponding period. Sales turnover was slightly lower at $15.35 million from $16.64 million previously.
        39 words
      • 29 11 group pre-tax profits amounted to $4.73 million ($4.68 million) for the first half of this year. Total sales rose to $48.46 million from $41.81 million previously.
        29 words
  • Page 11 Advertisements
    • 76 11 NOTICE REPUBLIC OF PANAMA U5525,000,000 Floating Rate Notes Due 1987 (Extendable at Noteholders Option to 1990 and 1992) In accordance with the provisions of the Notes, notice is hereby given that for the six month period from 25th September 1980 to 25th March 1981, the Notes will carry a rate
      76 words
    • 466 11 INVESTMENT IN MALAYSIA CONFERENCE HILTON HOTEL KUALA LUMPUR NOV. 3 4,1980 This Conference will create a forum at which both the international and local business communities will have the unique opportunity to meet and discuss all aspects of Investment in Malaysia. Co-sponsored by the FINANCIAL TIMES of LONDON and BUMIPUTRA
      466 words

  • 553 12 Reuter OIL tankers moved freely iij and out of the Gulf yesterday with loading terminals working normally in major oil states except warring Iran and Iraq, shipping sources and oil company officials said. Shipping sources dismissed reports that traffic was at a virtual standstill
    Reuter  -  553 words
  • 386 12 HAVING an election without an opposition is like eating curry fish head without chilly, said Trade and Industry Minister Mr Goh Chok Tong. He is therefore happy to note that the opposition is getting active. He said that there is no
    386 words
  • 233 12 ANOTHER two banks in Singapore have raised their lending rates to their best customers, bringing the number of banks which have announced higher interest rates this week to nine. Algemene Bank Nederland will quote a prime of 11.75 per cent as from today, an
    233 words
  • 102 12 Reuter THE European Common Market and Asean yesterday decided to hold highlevel talks on Nov 27-28 in Manila, EEC Commission officials said. The decision was taken on the first day of a twoday meeting between senior officials to prepare for the Manila talks. Mr Wilhelm Haferkamp,
    Reuter  -  102 words
  • 838 12 LONDON, Thurs. Gold shares finished sharply lower as the bullion price traded below |700 but equities and government bonds were generally steady in small turnover. At 3 pm the FT index was up 0.6 at 483.9 Gold shares showed falls stretching to US$6, the result of markdowns rather
    838 words
  • Page 12 Advertisements
    • 297 12 Chain Reaction in Expansion of Equity Growth Engineering Keeps Building Gains Most Observers Miss In New York recently a tender offer was made at more than $40 for shares of Systems Engineering that had first been recommended by Capital Gains Research below $10. Because the bidding company was using shares
      297 words
    • 442 12 rankfi Frankfurt airport is Europe's fastest transfer terminal to any one of 55 European cities. Lufthansa German Airlines Contact your travel agent or Lufthansa Singapore: Tanglin Shopping Centre. Telephone 737 9222 or 737 4444. Kuala Lumpur Merlin Hotel, Jalan Sultan Ismail. Telephone: 425 555 H e o o G e
      442 words
  • Page 12 Miscellaneous
    • 65 12 mrgifUHßi Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several areas from late morning. Report for 24 hours prior to 7.31 p.m. on September 25 at the airport. Maximum temperature 33.0 Associated humidity 63 Minimum temperature 23.0 Associated humidity 98 Hours of sunshine 6.30 Rainfall in
      65 words

  • SHIPPING TIMES
    • PORTSIDES
      • 87 13 Reuter MITSUI Engineering and Shipbuilding Co said it will help China's Xingang shipyard to design three 7,tt)o dwt cargo ships. Under an agreement the shipyard, in Tienching municipality on the Hai Ho river south-east of Peking, will do basic design while Mitsui will help with detailed
        Reuter  -  87 words
      • 52 13 Reuter MASCHINENFABRIK Augsburg-Nuernberg AG has concluded a cooperation deal with the China Corporation of Shipbuilding Industry under which CSSI will produce man marine diesel engines in Shanghai, a company statement said. The engines concerned are types 20/27, 25/30 in both series and V-format, for either marine or stationary
        Reuter  -  52 words
      • 60 13 Reuter UK/Red Sea Conference Lines serving the trades from the UK to Aqaba, Aden, Jeddah and Yembo, Assab, Djibouti, Massawa, Hoddeidah and Mocha, Berbera and Mukulla also UK and North Continental ports to the Seychelles and Male Island say they are reducing their bunker surcharge to 10.25
        Reuter  -  60 words
      • 60 13 Reuter THE Western Italy/India-Pakistan-Bangladesh and Western Italy/Ceylon Conferences said the currency adjustment factor for all conference vessels commencing to load at individual ports will be reduced to 3.5 per cent from 5.0 per cent from Oct 1. The Europe/Ceylon Conference said its CAF will be reduced to 23
        Reuter  -  60 words
    • 563 13  -  By LINDA CHEE SINGAPORE Shipbuilding and Engineering has secured a $70 million order to build three mediumsized fully-containerised ships for Greek-owned Hellenic Lines. The contract was signed yesterday between the chairman of SSE, Mr Cheong Quee Wah, and the treasurer of Hellenic
      563 words
    • 140 13 AFP INDONESIAN Search and Rescue teams have launched a massive operation in the Java sea to find 50 people believed to have been drowned after their two ships sank. Storm had sunk the ship Lancer Jaya carrying 32 people including the crew on
      AFP  -  140 words
    • 673 13 Skipping Line Cd Adriatic IV 5 Afea VI 3 Afro-Eurasia vn 1 All trans VI 5 Alpac VI 5 Angkutan VI 4 Anhsing vn 3 ANL i 1 APL m 4/5 Arab Line vn 4 Archipelego vn 2 Argentine IV 4 ASCL m 1 Asia Merchant IV
      673 words
    • 955 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival Is advised by the Shipping Line/Agent and Is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      955 words
    • 1442 14 NORTH American on Wednesday grain chartering remained very subdued but business was arranged from the Gulf to Japan at the steady level of $27.25 fio for Oct. The easier level of $27 was agreed for 16,000 tons of grain from Gt Lakes to Norway in Oct with completion
      1,442 words
    • Article, Illustration
      441 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altair (after Irenes Ideal) 45 Blue Matsuyama (RO/RO) (0600 Req. starboard to) 38/39 Iweri (0700) 22 Lanka Kanthi (0600 tide after Cherry Bagus A Selamat Da tang) 25/26 Nicos (Tanker) (1800 after Shoun Maru No. 6 P/O Subect Gas Free) 15 Perlis
      441 words
    • 697 15 UPI THE word is out to ships calling in the port of Manila: Do not drop anchor at night or you will face the pirates. The pirates in Manila Bay are hardly the buccaneers of old, but they have harassed ships in the
      UPI  -  697 words
    • 125 15 UPI JAPANESE shipping «aerator* have opened t*ih« with dockyard officials to Wild two vessels to transport Indonesian ilqnefled natural gas. Constructtoa of the ships weald bring to fear the somber of carriers transporting an annual three mliUen tens of the liqoefled gas. The
      UPI  -  125 words
    • 959 19 SCHEDULE 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 Singapore. Advance dates are published at a maximum of three weeks. PN
      959 words
    • 122 20 DENMARK'S merchant marine fleet has fallen by 33 vessels, or 225,000 tons deadweight, in the first six months of 1980, the Danish Shipowners' Association said. The number of Danish merchant ships is the lowest since 1962 and the trend is expected to continue
      122 words
    • 381 20 A MASSIVE fleet of Japanese ships fled the Persian Gulf yesterday, but some tankers and freighters have been trapped in Iraq's Basrah port by fierce cross fire between Iran and Iraq, trade and shipping sources said. Official and financial sources meanwhile reported a
      381 words
    • 520 20 VESSELS open: Taipan Pride built 1956 4496 dwt 3865.34 GRT 2024.56 NRT tweendecker speed 12 to 15 knots Panama flag free Damman-end September/early October seeking cargo direction Asean limits preferably Singapore/Bangkok range. Various boats for charter 36' Junk, 3* Junk, 42' Junk, 52' Junk, 58' Cruiser, 64' Cruiser,
      520 words
    • 185 20 AT the request of Matthew Hall Engineering Ltd, the technical investigation department of Lloyd's Register has designed and built a strain gauge measurement system for installation on the slewing ring of a G-90 deck crane on British Petroleum's Buchan Platform. The department proposed the system as
      185 words
    • 1641 20 The leading shipping lines operating from local ports and the agents who handle cargo bookings for them. A B Achlpeleg» RT Transportation (S). Adriatic Caatalaer Continental Feeders (S)/Cargo Freight (PK). AFEA Singapore Shipping Agencies (S)/Euro-A*ia Line (PK/PN). Aln-Euula Liae Transgroup Pte Ltd (S). Alfred C. Teepfer
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  • Page 13 Advertisements
    • 347 13 Scan Dutch Fast and Regular Service To/From N.C./SCAN/W.MED./U.K. Singapore Tel 9U>Oll Port Kelang Tel *****1 Kuala.Lumpur Tel ***** Penang Tel *****6 <m> IA R DIM A\l A H Orient Overseas Co*dci*te,i Line FULLY CONTMOBED SERVICE TO Icmm com wo m S SEASBMKE 21* KPTIK GARICT TH ICFCVALO PUI 24* t.M.
      347 words
    • 268 13 SSEALORDS UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES 'pore I Loading for Mina Qaboos (13/10) Dammam (18/10). Kuwait (21/10). Dubai (2/11). Abu Dhabi (4/11) Dammam (17/10). Basrah (20/10) Dammam (7/11), Abu Dhabi (10/11). Kuwait (13/11), Mina Qaboos (16/11), Bandar Khomeiny (19/11) FULLY CONTAINERISED SERVICE pore Loading for i
      268 words
    • 21 13 mm CONTAINER Schedules LONDON Freights SHIPS In Port SHIPPING List REGIONAL Weather ORIENT Exchange II 11/111 m 111 VII VIII vin
      21 words
    • 611 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****1 Port Keiang Tel *****1 Kuala Lumpur Tel *****. Penang Tel *****6 EXPORT TO U S PACIFIC. GULF. ATLANTIC. EAST CANADA AND ASIAN PORTS *a»r, 27-21/9 4-5/10 11-12/10 18-19/10 25-26/10 1-2/11 M/ll 15-16/11 Singapore Closing IMPORT FROM
      611 words

  • Page 14 Advertisements
    • 905 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE CwUiwr Scnrict To Eiwpt feeder »P Mang Vessel Spore 1) MseiHes 2) Rdam 3) Hburg 4) Gbu B DAHLIA Sailed SELAMOIA 30/9 15/10
      905 words
    • 296 14 BBS SUPERCARRIER SERVICE WEEKLY SERVICE TO PANAMA+US ATLANTIC GULF AND E. CANADA msncus 3/ HHBMi una ra *10/10 Mi Mtay+fCt Mwn mty tSTOK CM Man SaM Ctatr 301/10 26/11 2/12 5/12 6/12 23/10 1/11 6/11 8/11 17J8/10 16/11 21/11 23/11 B mort N Tart Boston St Wn It OK. Haute*
      296 words

  • Page 15 Advertisements
    • 853 15 Overseas 1 BM U Containers Vmm Limited Weekly service tortrom UK/Europe CONTAHtSW SERWCE TO UK/COWTMNT: H*bvf Spart D'mart 27 Sep 21 Sap 17 Oct ham 4 Oct 23 Oct Osaka Bay 11 Od 31 Oct My* Bar 13 Oct 2Nn Eiprtu II Od IS Oct 7Nm Uvwpeel Bay 24 Od
      853 words
    • 568 15 SAMS fiff, AGAIN! Loading for Europe every Tuesday Arrivals from Europe every Wednesday With weekly feeder services I to/from PortKelang and Penang Agents: Nadlloyd EAC SINGAPORE Tel: *****1 KIJALA LUMPUR Tel: *****/4 PORT KELANG Tel: *****1/7 PENANG Tel: *****6 J. BAHRU Tel: ***** Scan Dutch IST CLASS CONTAINER TRANSPORT Franco
      568 words

  • Page 16 Advertisements
    • 778 16 jg^Hapag-Lloyd TO NORTH EUROPE TO NORTH EUROPE/MEDtTERKANEA/ £#tt Ibdunan Ma Kdawrs 1/11 13/11 5/11 2/11 19/11 17/11 14/11 20/11 17/11 13/11 TO USA/CANADA Feeder Eipreu T#* Bar Tata Eiprttt Uvtrpad Bay Eqms (CARGO TO ATLANTIC AND GULF PORTS VIA MINILANDBRIDGE) CONNECT IN TOKYO* II iV-Hfl H burg B ha» R4am
      778 words
    • 457 16 KOREA LINK SHIPPING CORPN ALTAR 155W 9d ALT/UR 156ESW t. Ketang PENANG su sid hi Port FROM BUSAI BANGKOK In Port TO BUSAA VEGA 153W 20-24 Oct 25-21 Oct 29/10-1/11 FROM BUS/ BANGKOK VEGAIS4E 20-24 Oct 25-28 Oct 29/10-1/11 TO BUSAN KSC KSC KSC KSC KSC KSC KSC KSC KSC
      457 words
    • 539 16 r® EVERGREEN LINE FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTMG CARGO FOR: HAMBURG. FELIXSTOWE. ROTTERDAM. ANTWERP, LE HAVRE ALSO ACCEPTMG CARGO FOR: UNTTED KINGDOM SOUTHAMPTON. CONDON, MANCHESTER. BtRMMGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY EUROPE FAR EAST EXPRESS FULL CONTAINER SERVICE Eaar Lacky EwW S>n Hm| Km| Ouki Paua
      539 words
    • 1000 16 Everett Lines/ Buriw Fnrt Star Shippmf C»rpn. "BURMESE NATIONAL LINE" LOADMG FOR RANGOON PJtakapg ta| NTMTtWTVM* •*nOMMG FOR CWTTAGONG 1/2 Od 29/3tSe* hNrt/M Sept 3/4 Od 21/29 Sept B F SS C Aaants Mataysw BOUSTEAD SHPWNG TO. NOS KL **********309 Com pa nit Aijantina D« J> Niwciaw IwtfcoiitinwUl S. A.
      1,000 words
    • 540 16 SHIPPING TIMES, Friday, September tt, IIM mO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE AUSTRALIA SERVICE •Mr SKY KMT PMNCE.. P. Ketang 1/9 Oct «/9 Oct loadng tar sn> MEL. MXI JAPAN/STRAITS SERVICE SUB AGENTS P. KELANG SMGAPORE TEL *****44/7 t *****70 K lURTUR m 454M4 *****1 OCEMI SHPPMG STORE
      540 words

  • Page 17 Advertisements
    • 817 17 L. PIL GROUP EAST AFRICA/REDSEA SERVICE N«p. Zircon 20S/21N Navalis 2S/3N 27-2S/9 N«p. Topaz 228/23N 2-3/10 5-6/10 Map. Zircon 228/23 M 10-11/10 13-14/10 '2nd Call: Closing tima LCL 30/***** hra. FCL 1/10 Midnight 28-29/9 2-3/10 7-8/10 10-11/10 2-3/10 8-7/10 9-10/10 14-15/10 17-19/10 10-11/10 14-15/10 19-19/10 22-23/10 25-29/10 I 19-19/10 21-22/10
      817 words
    • 869 17 IK* BEN LINE I CONTAINERS EXPRESS CONTMNER SERVICE TO/FROM EUROPE IfUK 9"HAVEN ROAM HAW NmOM( Eiprtn UMpaafßar TaMaEapraM UNRtoMf/ nn u/u mm 11/19 11/11 VU U/U 7/11 17/11 11/11 19/11 24/U 19/11 27/11 1/12 9"HAVEN ROAM Aastna Antwerp 29/19 21/19 2S/19 27/19 2/11 VU 4/11 VU 9/11 19/11 19/11 29/11
      869 words
    • 844 17 ScanDutchV WEEKLY EXPRESS CONTAINER SERVICE TO MED/UK/NC/SCAN STI I *»er. I, I)tria4ht2)r4aa 3)Hlart4)CMr| irowta/it IMU VU 1) BarcMna Sanaa. l*nra 2) Incrpool UX. Canerj IM 3) twin, BwaiMaen. totas u/u a/u wit 27/14 wit vu vu 11/11 12/11 17/11 11/U M/M a/ii 1/12 21/ M 21/14 Wit wit vu vu
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    • 554 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNON ft SOUTH AFRICA STREAMBANK SINGAPORE 17/10 •to Reunion 30/10 Dtirbon 6/11 Capetown 14/11 Pt Eliz 12/11 (also accept** East London and Maputo carjo) BEAVER BANK 29/11 12/12 19/12 29/12 26/12 Lukeso* Unas U.S. NEST COAST SERVICE Start tro« SFO Lbcti *LOUBE LYKES 9d
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  • Page 18 Advertisements
    • 839 18 K line KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA ran turns* nt trad Sai C/ 10 10/10 Earter leeder muk ah* ififaMt on npnl Car{ws *o accaptatte tar Oakland. Vancaurer Porttand. Houton. Unilm. Nr> Orleans. Boiton. SI. Mn. Pttohpfea Nertat. BaMmere SjyotuH. Jacksenvle TO EUROPE C CONTAMER
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    • 456 18 CALMRINA/PAOFIC NORTH NEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Lm*« tar LOS ANGELES. SAN FRARCSCO. SEATTLE. TACOMA. Acc*ik« FO/FCI Mmh VANCOUVER. I.C. AUSTRALIA EXPRESS CONTAINER SERVICE AcnHN FCL/Fa tabtan PMm| S°pn Bra Sfd lA* ANN frn r 13 Oct 14 Oct 2t Oct INo* r 4 N»« 5 lb* lllta 21lki 2tki
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    • 592 18 SINGAPORE SHIPPING AGENCIES PTE LTD 20TH F LOOR UCE AN BUILDING SINGAPORE 0104 MARKETING *****2 13 LINES) GENERAL *****1 <14 l INES TERMINAL Of f ICE *****83 TELEX RS ***** RS ***** A B CARSHIP CABLE CARGOSHIP ll'Tir Mm, ii.M l'e«|ioiial Container Miics WEEKLY CONTAINER SERVICE to/from BANGKOK JADE BOUNTY
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    • 587 18 aQRAMARD LINE INDEPENDENT A TTRACTIVE RA TES MEDITERRANEAN SEA SERVICE ALSO ACCEPTING COSTA IS tK CAM GO FCL OSLY FOR: PORT SAID. ALEXANDRIA. BEIRUT. LATTAKIA. UMASSOL ISTANBUL A PIRAEUS Specially engaged agents d stevedores providing immediate discharge MAN SMC V.4ON Cafc« Pert Sad. Beirut I Lattakia etfy STRAITS/EAST ASM SERVICE
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    • 718 18 INTRASEA (PTE) LTD Fabe' House 234E Orcha'd Road Strgaponp 9 Telephone **********4C57 T7V REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE r fan P.MMK E.6LORYNBO sOd 34 Sep HELLENC NB9O. IS Oct 24 Od In** tar LOGNE/R'D BOULOCNE/R'DAM/ UK (AVON) ROTTERDAM/UK (AVON) MTRASEA (PTE) LID *****11 BOOKMG *****57 YEO SWffK IRAOMG
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  • Page 19 Advertisements
    • 713 19 NEPTUNE ORIENT UNES LTD TO EUROPE/UK (VIA SUEZ): FROM EUROPE (VIA SUEZ): N. GARNET.... C. PAU. TW. BRDGE. C.RO2E K. lAcnvon. MERCATOR... 0. CHEF Havre Sailed Sailed Sailed In Port 3/10 8/10 13/10 TO AND FROM AUSTRALIA: JAKARTA..... SMGAPORE.. PENANG P. KELANG... BRISBANE.... SYDNEY MELBOURNE. BURNE ADCLADC FREMANTIE.. Also accepting
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    • 320 19 S EGYPTIAN^ international line (Eil> EGYPTIAN FLAG (PORT SAID ALEXANDRIA) PYRAMDSU NLIU ALEXANDRIA Nov 20 Dec 15 Carp Bookings Please Ptwne *****43 MARTRANS CARGO PLEASE CONTACT BCMEMKER SINGAPORE TEL *****11 FROM EGYPT ALEXANDRIA SINGAPORE mi U Sept 24 Oct I ACCEPT* CARGO FOR BUS A* MOl. KOBE. YOKOHAMA SINGAPORE I
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    • 408 19 PERKAPALAN LAUTAN BIRU Regular Service to East Malaysia 1 M sia Sealion Shipping (M) Sdn Bhd Port Mang lei 38 77b4 38 7479 38 98M SHAMA SHIPPING TRANSPORT BHD Ponang Tel *****1 S pore Gaya Ocean Shipping Pte Ltd Tel ?9??110 *****46 From ARAB ALMJA2 ARAB LINE (The Shipping Corporation
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    • 354 19 OCEAN LINES REGULAR HON CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE Spore P Ketone Penang EASTERN RUBY V.12N8 12 Oct Loading tor Port Sad/LanasMl/Aleiandria Piraeus/Beinit/Rijeka/Bowtas P.T. BHINNEKA LINES NON CONFERENCE SERVICE FROM VOONESIA/SMGAPORE TO ALEXANDRIA. ITALY I SETE ETA ETD M.V. HO CHUNG V.INB (BIT 1974) 29 Sep 5 Oct LOROMA CARRIERS
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  • Page 20 Advertisements
    • 352 20 MALDIVE LINES ETA KUANTAN ETA PORT KELANG MALDIVE PIONEER Loading for Aden MALDIVE COURAGE Loading for Bay ah MALDIVE MPORTER Loading for Male MALDIVE NATION Loading for Basrah MALDIVE LOYALTY Loading for Dammam MALDIVE lOGHBOUR Loading for Dubai/Bahrain/ Dammam/Kuwait MALDIVE PRIZE Losing for Mukab/Aden MALDIVE SEAFARER Loading for Guan, Jeddah
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    • 397 20 MAC-NELS^ ENCIES LTD NKTOOENT RATI QUOTED ON APPLICATION OUTBOUND/INBOUND-FCL-GROUPAGE SERVICE SPOKE H'BURG 27/9 18/10 ROTTERDAM U.K. AT«RP LEHARVE 20/10 22/10 25/10 17/10 TO USA/CANADA S PORE OAKLAND LA VANC (BC) NEW YORK 30/9 2S/10 27/10 1/11 10/11 ALSO TO: MAJOR US PORTS/MONTREAL, TORONTO TO AUSTRALIA TO NEW ZEALAND SPORE SYDNEY
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  • Page 20 Miscellaneous
    • 207 20 i.* i saw sssSß HWm vKw Regional Weather mmoi SaffisfifiaßfißSgm sss x ox 18 38 m t N i V TA 2j A \Jr°o2 M m o:i Si ssss >2 c^} k I m m b: v VO%*.£1 100E LL« IK SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS
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  • WORLD MARITIME DAY
    • 1301 21  -  By LINDA CHEE DESPITE the current shortage of local sea-going personnel to man the increasingly sophisticated ships on the Singapore Register, Singapore shipowners are still playing a low-key role when it comes to supporting our boys for a viable career at sea. The local polytechnic, which is
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    • 992 21  -  By G DURAIRAJ IT may appear a little ironical that Malaysia should have some difficulty in getting its youths to take up a career at sea since its population descended largely from those who braved the seas or from settlers of riverine colonies.
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    • Article, Illustration
      1183 22  -  By MARGARET THOMAS THREE HUNDRED people died when the Filipino passenger ferry Don Juan collided with an oil tanker barge off Mindoro Island just before midnight last April. Weather conditions were perfect calm sea, bright moonlight. But the skipper of the tanker had only a first mate rating.
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    • 1397 22 THE theme for World Maritime Day this year, "Maritime training for safer shipping and cleaner oceans," has been chosen to highlight the importance of trained personnel to the world's shipping industry and, thereby, also to record the immense debt of gratitude which the world owes
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    • 256 22 FEW people May will dtoagree with tlw premise that tntatat waadsrdi are fatte hitfiti for the speratfoa at Alps. Certainly large Independent operators spend money aLdTweliigSw are'* peepSly certificated. Bat there are many whs da net spend yt Mere knowledge "that the majerlty ef aoMeal» are
      256 words
    • 1178 23  -  By G DURAIRAJ THE traffic separation scheme for the Straits of Malacca has now reached the crucial stage of implementation. Its enforcement will culminate the Joint efforts of the littoral states of the Straits Malaysia, Singapore and Indonesia to introduce a routing system for
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    • 788 23 OIL spills and discharges of harmful substances in coastal countries in Asia and the Pacific have become "increasingly common occurences." As a result, pollution is threatening some forms of mariite life while contaminating others that has pose a growing threat to human survival in the Asia/Pacific
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    • 1026 23  -  By CAPTAIN C KUTTAN Capt C Kuttan is deputy port master at Port of Singapore Authority. WHILE the Ministry of the Environment is responsible mainly for Singapore's inland water courses and pollution control, the Port of Singapore Authority spearheads all activities involving the prevention of, control
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    • 1050 24  -  THE STCW IS7B Convention mud Its ImpUcattons far nantical studies, marine engineerlag, the training af ratings and deck and cagine requirements far Singapore's skipping Industry will be discussed In same depth at a seminar at the PSA Tawer today. The seminar organised
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    • 975 24  -  By R F SHORT Mr R F Short is head of the Department of Nautical Studies at the Singapore Polytechnic. THE Department of Nautical Studies at the Singapore Polytechnic welcomes the STCW Convention. For the first time there is an international attempt to lay down minimum standards
      975 words
    • 1098 24  -  By CAPTAIN MZALAM Capt M Z AJam it from the National Maritime Board. RATINGS will have better training and higher skills with the implementation of the STCW Convention 1978 recommendations in the coming years. They will also learn special skills for sophisticated ships like
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    • 940 24  -  By CAPTAIN P J THOMAS Captain P J Thomas is principal marine surveyor of the Marine Department. SINGAPORE'S system of training and certification is drawn on standards similar to that of other Commonwealth countries. This standard is generally higher than the minimum laid down in
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  • Page 21 Advertisements
    • 45 21 <:• -W* El SS>-—$ tf V* iCi'V V/ i *s > <1* J W L FOR ALL YOUR MARINE INSURANCE REQUIREMENTS CONSULT THE MARINE SPECIALISTS. WALKER Sl LUMBDEN PTE LIMITED INSURANCE A REINSURANCE BROKERS lyuiL 1708/9 Straits Trading Building, Battery Road, Singapore 0104. Tel: *****6/7 Telex: RS266S6"WALKER"
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    • 225 21 il; UU'c jfTZZZ'v'&r <■-&&' '< 4 <1 The emblem of security and dependability American President Lines As a leader in the Conference system, our goal is to keep our shipping rates competitive within the market place. As a result, we are revising pricing concepts within the Conference system for the
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  • Page 22 Advertisements
    • 179 22 Industrial welder's life vest with fibrbglass front panels. SPOTRADIO BLDG. LOT A 5793, PANDAN AVE/ROAD, JURONG INDUSTRIAL ESTATE, SINGAPORE 2260. TEL: *****8. CABLE: SPOTRADIO. TELEX: RS *****. Stearns Industrial Life Vests For on-the-job protection Everyone who works around water should have flotation protection...the kind that doesn't get in the way
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    • 182 22 Nedlloyd EAC Call us—we call the world Liner services Tramper and tanker agents Bunkering and husbanding agents Offshore services Chartering, shipbroking, sale and purchase Nedlloyd EAC agencies pte. Ltd. 1, Finlayson Green Singapore 0104 Telephone *****1 Cables NEDEAC: NEDEACHART Telex: RS ***** NEDEAC SINGAPORE SOVIET SHIPPING CO PRIVATE LTD. SINSOV
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  • Page 23 Advertisements
    • 99 23 LINES Now starting with new direct Express Semi-Containership Service Singapore/Port Keiang and Penang to: Rotterdam within 25/20 days. Hamburg within 28/23 days. Antwerp within 30/25 days. First sailing 'M.S. BERLIN' ETA:Singapore 17/10 P. Keiang 20/10 Penang 23/10 Agencies. Singapore Malaysia Singapore Shipping Agencies (Pte.) Ltd. Singapore 0104 Phone: *****1 Telex:
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    • 24 23 S.E.ASIA J t ft ±L *B(ss r Bi TRUCONTAINER Suite 1311-1912, Shew Tc NTERNATI ONAL (S) PTE Telephone: *****81 (3 lines). T V Ml
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  • Page 24 Advertisements
    • 176 24 Discipline and physical fitness is part of the comprehensive MISC training programmes for officers and ratings MISC believes that safer shipping and cleaner oceans start hoe #You can build a fleet of 31 modern cargo ships with the latest navigation and anti-pollution aids, as MISC did, but without the Maritime
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    • 74 24 A Specialise in... International Freight Forwarding Railing Shipping, Customs Clearance Documentation Container Trucking Warehouse Storage Stevedoring e Consolidaton Also specialise in transhipment cargoes from MALAYSIA and INDONESIA to all parts of the World For prompt and reliable service contact.: STONEAGE COMPANY PTE. LTD. SUITE 1012, 10TH. FLOOR, MANHATTAN HOUSE 151
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