The Business Times, 5 May 1981

Microfilm: NL11156
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, MAY 5,1981 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Haig assures allies
      74 1 Reuter ROME, Mon. US Secretary of State Alexander Haig told North Atlantic Treaty Organisation (Nato) allies that the United States intends to start negotiations with the Soviet Union on limiting nuclear missiles in Europe before the end of the year. Mr Haig told the Foreign Ministers of
      Reuter  -  74 words
    • Article
      Lock icon Emergency plans
      82 1 UPI BELFAST, Mon. As Irish Republican Army (IRA) hunger striker Bobby Sands lay in a coma today on the 65th day of a fast to death, Britain readied emergency plans to prevent all-out civil war between Catholics and Protestants in Northern Ireland. Meanwhile, Sinn Fein, the political wing
      UPI  -  82 words
    • Article
      Lock icon Call to abandon policy
      69 1 AFP BEIJING, Mon. China criticised the United States for its recent decision to boost military aid to South Korea and issued a new call to Washington to abandon its "two Koreas" policy. The People's Daily described the US decision to supply more arms to South Korea
      AFP  -  69 words
    • Article
      Lock icon Kampuchea conference
      62 1 AFP BANGKOK, Mon. Thai Foreign Minister Sithi Sawetasila, back from a Western tour, said a planned international conference on Kampuchea might serve as a model to solve the Afghanistan problem. Air Chief Marshal Sithi said the conference, which he expects to be held in Vienna in July, would
      AFP  -  62 words
    • Article
      Lock icon Guerillas killed
      57 1 Reuter YALA, Mon. Thai government forces killed two armed Communist guerillas in a 15-minute gun battle near the Thai-Malaysian border last Friday. Thai army sources said they were members of a group of about 10 guerillas which was ambushed while collecting food and "protection money" from a village
      Reuter  -  57 words
    • Article
      Lock icon Saudi oil revenues
      54 1 AFP RIYADH, Mon. Saudi Arabian oil revenue in 1979 was U5548,435 million, a rise of 50 per cent on the previous year. Production in 1979, was 3,479 million barrels or an average 9.7 million barrels a day, as against 1978 figures of 3,038 million and 8.5 million
      AFP  -  54 words
    • Article
      Lock icon Asean seed centre
      92 1 AFP BANGKOK, Mon. Canada has pledged more than US$l million to help Asean set up a forest tree seed center in Thailand. A memorandum of understanding on the project was signed when Thai Foreign Minister Sithi Sawetasila visited Ottawa last week. The seed center, to be located
      AFP  -  92 words
  • Chief Price Changes
    • Article
      SINGAPORE
      133 1 Rises Indices Gentinga S T P 1976 Hume P E 1600 745 540 70 45 35 B.T.Indicator: Apr 30 May 4 *****.*****10.91 High Low 406 30 Industrials: 886.49 877.24 Tan Chonf 675 15 Finance: 1856.51 1835.12 Eaeo 620 15 Hotels: 1414.52 1383.89 Falls Properties: 874.53 864.98 Hobc Lcoif lad
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    • Article, Illustration
      KUALA LUMPUR
      155 1 Rises Indices Males 1550 +550 Apr 30 On ting 940 860 +90 B.T.Index: May 4 U Cable +60 *****5.22 *****6.71 Pac Dev 630 +45 Industrials: 1099.03 1099.70 Wearnes 540 +40 Finance: 1684.54 1683.44 Falls Hotels: Properties: 501.22 1125.50 500.98 1123.47 Ind Oxygen 560 -90 Tins: 503.30 500.35 Kuctaai
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  • Article
    S'pore outrivalled in two loan bids
    630 1  -  HK OFFERS BETTER SPREAD By ALVIN TAY SINGAPORE has lost out again to its traditional rival Hongkong in the loan syndication business. Two separate loans to Thailand and Indonesia worth US$3BO million have gone to the British colony. However, the Republic is likely to
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  • Article
    Share prices fall on profit-taking
    271 1 THE stock market underwent a sinking spell yesterday and the Straits Times Industrial Index dived 9.25 points to 877.24. Except for a few situational stocks like Gentings and Hume Far East, prices fell across the board on profit-taking. While many Investors were already showing signs
    271 words
  • Article
    CSA looking to Australia
    347 1  -  By HSUNG BEE HWA COMPUTER Systems Advisers may soon enter into a joint venture with an Australian software house. The venture will help CSA tap the Australian market as CSA does not have an office there. It is believed that CSA wants to acquire a majority
    347 words
  • Article, Illustration
    Pica president to resign
    360 1 MR KERRY St Johnston (right) will resign as president of the Private Investment Company for Asia (Pica) at the end of the year. This was announced yesterday by Mr St Johnston himself at the company's 12th annual general meeting at the Shangri-La. He will be going
    360 words
  • Article
    Employees will have to pay 4pc more to CPF
    253 1 EMPLOYEES face the vlrt a I eertataty that their cm tribe Om rate far CPE will rise ripifleutl; as part sf the aert Natieaal Wages Ceaaell award. ■lawiasias M Htwpvpri 11 iDWi Uh Ukety that the caapleyers' eeatrlhattea will ehaage tram
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  • Article
    Singapore Airlines accounts for 3.7 pc of GDP
    473 1  -  By JUNE LIM ONE out of every 81 workers in Singapore last year was an employee of the Singapore Airlines group of companies. The group had 13,232 employees at the end of 1980, making it one of the largest employers in the
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      8 1 READ AGOODBOOK RECENTLY? Climes Bookshops See Page 3
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    • Advertisement
      Page 1 Advertisements Column 2
      40 1 FRAT^ FRATA N€WS NVOC FCL/LjCL WEEKLY CONTAINER SERVICE TO Bangkok Hong Kong COLOmBO FOR RATES BOOKING CALL MRS. JUDY TEO MISS. CHIEW LEE LEE FRATA SHIPPING PT€.LTD. Suite 801,8 th Floor, World Trade Centre, Maritime Square, Singapore 0409 Telephone: *****04
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    • Advertisement
      Page 1 Advertisements Column 3
      75 1 SHIPPING TIMES SUZUKI warn US against protectionist move 3 HONGKONG plans reforms for tl—fill market 5...................... COMPUTER systems that kelp save energy 7 TWO prepare assault oa Amex card's dominion 9 PAHANG Coas to have holiday resort at Cameroa Highlands 11 MILLION dollar Imitation goods operation cripp1ed..................... 12 TV AND
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    • Advertisement
      Page 1 Advertisements Column 4
      203 1 Companies Activities. Key Personnel. Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah) Ltm4tr ~pagt t Europe and beyond? Fly via Amsterdam Why Amsterdam? Amsterdam international airport is your unique gateway to Europe and the Americas; with an extensive range of KLM connections covering all the major European centres and
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      823 2 -3* ■■.V >' v A'. r ,<* •>%, ''VtfftslSPfci y w/ v.„Cw*' v*Lu- c* f ..H "<■ i W n 7 V^Vfl EfcV 'JT Jf rn > *-$L tJbrtjE? M* m* tf.lf v > v\x <• ■m^WS%?^W- r W' > J&^%*sB9L j<«WMfc £fc ;^I :K £*%c %353 .25- <>:•; v
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  • OVERSEAS
    • Article
      ADB urged to assist smaller countries
      473 3 THE Malaysian Finance Minister has called on the Asian Development Bank to concentrate its financial assistance on the smaller developing countries in this region. Tengku Razaleigh Hamzah was speaking at the ADB's fourteenth annual meeting in Honolulu on Saturday. He said any claims by
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    • WORLD IN BRIEF
      • Article
        Lock icon PAYMENTS PROBLEMS
        351 3 Agencies THE NET effect of foreign exchange values and inflation rates presents new problems for the balance of payments of some countries, the Bundesbank said. In its annual report, the bank said in the case of some countries a balance of payments correction in the right direction appears
        Agencies  -  351 words
    • Article
      Lock icon European allies hope for quick start to arms talks
      285 3 Reuter NORTH Atlantic Treaty Organisation (Nato) Foreign Ministers met in Rome yesterday for the first time since the Reagan Administration took office, with European allies hoping for a quick start in delayed USSoviet arms talks. US Secretary of State Alexander Haig
      Reuter  -  285 words
    • Article
      Lock icon Suzuki warns of car legislation danger
      529 3 Reuter NYT JAPANESE Prime Minister Zenko Suzuki has said that it would be suicidal for the United States to enact protectionist legislation with regard to car imports. Speaking in Washington on Sunday, he said that while the car problem between Japan and the US
      Reuter; NYT  -  529 words
    • Article
      Lock icon US to take initiative in forming Sinai force
      582 3 NYT THE United States has decided to take the lead and probably will supply many of the troops in forming an international peacekeeping force in the Sinai between Egypt and Israel, a State Department spokesman said on Sunday. The spokesman, Anita Stockman,
      NYT  -  582 words
    • Article
      Lock icon US to continue ban on sale of equipment to Russia
      607 3 NYT THE US is not reconsidering its restrictions on the sale of high-technology equipment to the Soviet Union after the lifting of the grain embargo, although it realises that the restrictions are more symbolic than harmful to the Russians. The
      NYT  -  607 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      479 3 Tha daily Aircraft Schadula has baan hald ovar bacausa of praaauraofspaca. Flight information by talaphona can ba obtainad from tha airport (*****8) or from tha raapactiva airlinaa: 3IA *****47/*****48, Garuda *****7, MAS *****2, CPA *****7, Qantaa *****01, BA *****01, KLM *****1. The Executive Link. To the U.S. Convenience 10 times
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  • RAW MATERIALS
    • Article
      Lock icon Confidence in sugar price still lacking
      445 4 AFP IT appeared at one stage recently that the recovery in the sugar market then taking place might herald a check in the recent downward movement in prices. However, after a further brief rise before the weekend, confidence has again evaporated and strong selling
      AFP  -  445 words
    • Article
      Lock icon PEANUT STOCKS
      174 4 Reuter STOCKS of peanuts held in US commercial storage as of March 31 amounted to 822.5 million pounds, compared to a revised 1,119.5 million pounds a month earlier and 1,794.3 million pounds held a year ago, the US Agriculture Department reported. The end-March stocks were made up of
      Reuter  -  174 words
    • Article
      Straits Tin
      70 4 THE STRAITS tin in Penang yesterday recovered 2t cents to M $28.11 a kilo, bat wu still 1b the International Tin Agreement's lower range of $21.» to $31.11, dealers said. Tke rise was attributed to lower disposals of metal and Increased baying support from the US, Japan and
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    • Article
      CLOSING PRICES
      34 4 Rubber: May 4 Singapore: May: 263.00 cents (up 2.50 cents) Malaysia: May: 281.00 cents (up 4.50 cents) Tin: M 528.91 per kilo (up 20 cents) Official offering: 200 tonnes (down 75 tonnes)
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    • Article
      Lock icon Thailand's rubber exports
      95 4 Reuter THAILAND'S rubber exports fell in December 1960 to 18,178 tonnes from 42,788 the previous month and compared with 39,022 in December 1979, Thailand's Agriculture Ministry statistics show. Rubber exports in all 1980 declined to 456,802 tonnes from 517,803 in 1979. Trade sources said the decrease in
      Reuter  -  95 words
    • Article
      RUBBER
      200 4 RUBBER prices in Singapore yesterday ended noon slightly higher with May One RSS buyers quoted at 263.00 cents per kilo, up 2.50 cents from last Friday's close, dealers said. Opening prices were marked up slightly and thereafter advanced further on covering interest and reserve of sellers, they said. Sellers
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    • Article
      RAS PRICES
      308 4 RAS prices in cents per kUo yesterday Noon Ham (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 262 00 264 OON Int. 1 R.S.S. May 264 00 2H.00 Int. 1 R.S.S June 258.00 259.00 Int. 2 R.S.S. 230.50 231 SON UK Coot 229.50 230.50N Int. 3 R.S.S
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    • Article
      SSR and SMR
      114 4 NOON SSR and SMR prvco yaau ad.y. RA8 May (C.rr..l MU) (Forward MU) SSR JO SSR SO U -taa ptllM) (1 too palkt) Bayara 8< 231.00 228.00 >Uara 233 00N 230.00N Bayara s< moo 230.00 235.00N 232.00N MULB May Jl laa SMR CV SMR L SMR 6
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    • Article
      Miners concerned over unchecked tin price decline
      719 4 MALAYSIAN tin miners, who are becoming increasingly concerned over the unchecked plunge in tin prices, are asking why the buffer stock has not yet been activated to halt the slide. They noted that while the price of the metal had fallen within the
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    • Article
      PALM OIL
      128 4 THE Kuala Lumpur market yesterday ruled steady with values unchanged from Thursday's close in fairly active trading, dealers said. In May and June, the central region was unchanged at M 5952.50 and $925 a tonne respectively while south was also unchanged at $930 in June. The refined market
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    • Article
      Lock icon Third World countries plan alliance for cotton market
      419 4 Reuter THIRD World cotton-produc-ing countries said last Friday that they were considering forming an alliance to defend their interests following deadlock at United Nations talks in Geneva on stabilising the cotton market. Yaman Baskut of Turkey, speaking for 18 developing nations known
      Reuter  -  419 words
    • Article
      Lock icon DEMAND OFFSET WHEAT OUTPUT
      144 4 AFP ALTHOUGH the world's farmers appear likely to reap a record wheat harvest this year, further increases in production will be needed in 1982 and beyond to meet the continued rise in consumption, the International Wheat Council (IWC) said in its latest market report. Meanwhile, world
      AFP  -  144 words
    • Article
      TEXTILES
      116 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yam: China Blue Phoenix 3fk 2,2®, 33m 2,770, 40s 3,020 (per bale of 400 lbs). PiMHh raw mHh: LSS 5.90, 4F 5-86; 289F 5.96; NT roller ginned 5.93 (per lb). CLOTH in
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    • Article
      RICE
      323 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.08, 100 per cent third class 1.05, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special
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    • Article
      Produce exchange
      172 4 CHINESE Pr«4iee Exchange, a, pp**». closing prion per IN kg yfrtfriiy. CwMt «0: Bulk fob $115.00 sellers, old drum (in second hand drum) fob (128.00 tellers, new dram fob $134.00 sellers. Cspra: Mixed (loo*) Stt.OO buyers. Psppsr: Muntok white pepper fob Asta NLW $412.50 sellers, Sarawak white pepper
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  • ASIAN STOCKS
    • Article
      Hongkong
      278 4 THE market yesterday opened firm in quiet trading. As the market progressed, selling became more persistent and the early gains were given back by lunch time. The afternoon sesion continued to be weak as investors worried about the rising interest rates in the US. Turnover was dull. Hii| Seng
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    • Article
      Sydney
      198 4 BANK shares continued to dominate interest on an otherwise dull market following confirmation by the ANZ group that it is involved in merger discussions with the CBA, dealers said. MAT M C Mis INDUSTRIALS ■1 -5 AMI M A. P.M. SO oneh ltO unch 14M -IS +1 Ampol Pti.
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    • Article
      Bangkok
      114 4 STOCK prices yesterday closed mixed as investors saw no incentive to trade, dealers said. MAT W Aate fMM BUMi SSo*! BJO m ik m uncb uncb -a Bangkok liiniin Bangkok M&I MMrounch pW Nytaa Aala IB e5e ♦a Barll Jim CUHt ll HiUom star ntar1 Chanxn (Thai -u uncb
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    • Article
      Manila
      86 4 THE stock market yesterday closed mixed as turnover slightly feU to 1.3 million pesos from 1.9 million on Friday, dealers said. MAT M H" Aeo* Mining JM «UW AUM Ooo A Atftai Coo. a -L» Bacufc) OoM JM aneti ■input Pop unch BTOoodrtcn MH +u COCP unch Inco B
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    • Article
      Selected indices
      30 4 H.K.HANG SENG Monday 142SJC Friday 1430-23 Week Ago closed AUSTRALIAN INDUSTRIALS Monday 152JO Friday 751.5 Week Ago 752.6 ALL ORDINARIES Monday 71 I.I Friday 7132 Week Ago 712J
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      167 4 > 3 A normal stock-sales-cash cycle can often stretch up to several months. This could mean considerable cashflow strain especially for a small growing company. Meeting a large salesorder for instance may well exhaust your working capital resources. And turning it down would mean losing a profit-making opportunity. How do
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    • Advertisement
      Page 4 Advertisements Column 2
      94 4 ANTWERP HONGKONG LOS ANGELES PRESIDEX JOHANNESBURG SINGAPORE STOCKHOLM I THE PRESIDIUM DIAMOND EXOANGf SINGAPORE: 10th Floor, Waflington BuSding, 20 Btdoford Rood Singapore 0922. T®t *****86f7 Tol»x: ***** HONGKONG: 16th Floor, Loe Hhig Buflding 54-58 Dm Vooux Rood Control, Hong Kong. Tot 5-*****8 Totex: ***** International Inter-Dealer Market Indications MAY 5,1881
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  • TRADE AND INDUSTRY
    • Article, Illustration
      HEADS MEET TO EXCHANGE IDEAS
      218 5 TWENTY senior executives of the ARC Industries group and its associate companies recently met in Singapore for a conference on works management. The conference was held at the Jurong plant of BRC Weldmesh (SEA), an associate company of the ARC Industries group, which is based
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    • Article
      MEMO PAD
      499 5 SEMINARS AND COURBES May 7-8: Creative Selling, SIM Conference Room, Singapore Institute of Management May 8,12, 15 19: Performance Appraisal Workshop, Suite 36C Waterloo Centre, Personnel Organization Development May 9: Employee Health Benefits Workshop, Suite 36C Waterloo Centre, Personnel Organization Development May 9, 16 4 23: The Secretary
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    • Article
      Common ground for furniture makers
      208 5 A UNITED Nations consultant has suggested areas where small companies in the furniture industry can cooperate to overcome common problems. Small family enterprises, which form the bulk of enterprises in the industry, could employ a team of designers to help in the design of furniture.
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    • Article
      TRADE TALK
      181 5 SIGNATURE Publishing, a subsidiary of Diners Gub (Singapore), has been renamed Diners Publishing. Diners Publishing will continue to publish Signature, the travel-cum-leisure magazine of the Diners Clubs of Singapore and Malaysia. In addition, it will continue to produce The Retailer, the bi-monthly Journal of the Singapore Retail Merchants
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    • Article
      False sense of security
      355 5 THERE is a danger the world may be lulled into a false sense of security over the availability of oil in future because the commodity is now freely available, although at a high price. The world must realise that costs of exploring and producing oil will
      355 words
    • Article
      Careers '81 will have 32 exhibitors
      328 5 THE Minister of State (Education), Dr Tay Eng Soon, will declare open the Careers '81 exhibition at World Trade Centre on May 15. Thirty-two exhibitors will be participating in the 10day exhibition. They include government bodies, statutory boards, trade associations and private prisesInsurance companies,
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    • Article, Illustration
      PEOPLE IN BUSINESS
      92 5 CHASE Manhattan Bank has promoted Miss B—if Gaa Hal 11a to assistant manager credit exposure control. Miss Gan Joined Chase in April 1977 as a supervisor in the operations division and has since served in the loans, custody, current accounts, ACU operations, remittance, foreign ex- change and
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      96 5 ■7A CiJ Aeroflot operates 3-weekly flights from Singapore to Europe on Mondays, Wednesdays and Fridays via Delhi and Moscow one of the shortest possible routes. So, if you are on business and every minute counts, you can rely on us. v For more details, please contact your travel agent or
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    • Advertisement
      Page 5 Advertisements Column 2
      554 5 A top-level management conference on MERGERS ACQUISITIONS June 11 12, 1981 Shangri-La Hotel, Singapore A conference designed for Corporations Chief Executives Managing Directors Corporate Planners Finance Managers Company Secretaries Acquisition Specialists Advisers Investment Bankers Commercial Bankers Consultants Tax Legal Advisers Merger Specialists At this conference we bring you only the
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  • Article
    Justifiable pain of higher CPF
    488 6 THE Singaporean will wince mightily at the thought of seeing yet a bigger chunk of his monthly income being compulsorily channelled into the savings vaults of the Central Provident Fund. He will now be forced to save nearly a quarter of what he earns each
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  • Article
    Look before we leap into the MRT
    248 6 THOSE against the idea of a mass rapid transport system for Singapore will have found ammunition for their opposition guns in the news last week that the Hongkong venture into the world of subterranean transport is now running up losses at double the
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  • Article, Illustration
    Lock icon Spring cleaning the HK markets Spring cleaning the HK markets
    1557 6  -  By KEVIN RAFFERTY FT SIR PHILIP Haddon-Cave, Hongkong's Financial Secretary, rounded off his recent budget speech with the ringing affirmation that the tiny British-run territory would "fulfil its economic and financial destiny which is to become the international city in
    FT  -  1,557 words
  • Article, Illustration
    Lock icon Post-Rockefeller era
    1026 6 DAVID LASCELLES compares Mr Willard Butcher (left), newly apppointed chairman of Chase Manhattan, with Mr David Rockefeller (right). FT CHASE MANHATTAN, the third largest bank in the US with assets of US$76 billion, has got a new chairman, 54-year old Mr Willard Butcher. Burly, gravel-voiced and assertive, he
    FT  -  1,026 words
  • Page 6 Miscellaneous
    • Miscellaneous
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      1 6 S3
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      26 6 BliStdK" DePC CMRISTtmBS— not prr p>u_ UJP»^ T MG Tme PyG>P»\tsl JUST DRcPPit<B> H>m P» UNe RSKIN>G> vcd l\<c to ee Goesrr PTT Tms ptjnuru RND
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      760 6 TMISJ The Abominable Snowman ARTHUR C Clarke's Mytteriem WtU (Qhml 6, tihe pZrt tottds flfty-mlaate programme. Apart tram leetiag late reparts the AbemiaaMe Daswaisa aid eramlatag the npirtti sigh flags ef Blgbat, Clarke sa veils the teehaalegy sf the aadeata. DM the Greeks MM a eempater evea helate the Mrth
      760 words
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  • Article, Illustration
    THE INDUSTRIAL DESIGNER THE INDUSTRIAL DESIGNER
    2323 7 Save energy via computer controlled system YOU touch a raw nerve when you talk about the lot of the industrial designer in Singapore with Wong Song Yee, the 37-year-old general manager and partner of Monitrol Automation, a wholly-owned local company which thinks up ways
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  • Article
    Charges imposed to encourage orderly sorting
    314 7  -  r Letter to the Editor i TAN SWEE SIANG Depaty Mmger (Carreacy OperatlMH) BmH of Commissioners of Cineiey, Stagtpirt Dear Sir I refer te the letter frem "LEX" (Business Hines 28/4/81) en ear requirement tor banks separate soiled and dirty earreaey nstes frem eleaa
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  • Article
    Lock icon Gold standard as cure for inflation
    784 7  -  FORUM, with LEONARD SILK NYT PRESIDENT Reagan set aside one of his own economic beliefs that the country should go back to the gold standard to end inflation when he sought to reconcile the main ideas of his two principal groups of economic supporters,
    NYT  -  784 words
  • Article, Illustration
    Those look-alike cassettes
    696 7  -  By HANS FANTEL THE LATEST vogue in certain criminal circles in America is to manufacture fake audio cassettes. What the counterfeiters do is buy cheap tape from dubious sources and then put it into cassettes that look exactly like those used by premium brands. With a little
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  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      121 7 Where West Meets East Thats where you II find Union Pacific with teams of mtermodal experts at more maior West Coast ports than any other railroad As the first US railroad to open an office in the Far East, we have a lot of on-the-spot experience you can put to
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon VW diversifies
      501 8 HEAVY INVESTMENTS OVERSEAS NYT VOLKSWAGEN, the West German automaker, threatened with slumping European auto sales because of high gas prices, the recession and heightened Japanese competition, strung a safety net in recent years by investing heavily overseas and diversifying into nonautomotive products such as computers. Toni Schmucker, VW's
      NYT  -  501 words
    • Article
      Downturn at Ford Australia
      131 8 FORD MOTOR Co of Australia Ltd retarded a aet profit of As2B3,Mt la calendar IM9 against the previous year's $11.2 million. Managing director Brian lngUs said that while the result was disappointing la flsssHsl terms, It shewed Fsrd Australia's determination to meet the earreat competitive pressare
      131 words
    • Article
      Lock icon Caltex share offering
      252 8 Reuter CALTEX Petroleum Corp unit, Caltex Australia Ltd, will offer the Australian public a 25 per cent stake in the company through the issue of 45 million All shares. Caltex Australia chairman John Landels said the shares will carry a $1 premium and raise $90 million for
      Reuter  -  252 words
    • Article
      KODAK CONFIDENT
      190 8 EASTMAN KODAK continues to see 1981 as another good year, with gains expected in shipments of many of its products and another increase in sales. The company's sales in 1980 were U559.73 billion. Kodak expects earnings to perform well, though it noted first quarter results rarely indicate what
      190 words
    • Article
      Lock icon Matsushita
      87 8 Reuter CONSOLIDATED Bet profit at Matsushita Electric Industrial Cu Ltd ruse 22 per seat la the first quarter ended Feb 21 to 31.7« billion yea tram 21.19 tailllaa a year earlier, on sales up 21 per eeat to T71.1S billion tram »41.73 billion. Matouahlta said bath net Income aad
      Reuter  -  87 words
    • Article
      US Steel gets a boost from sales of assets
      136 8 UNITED States Steel Corporation has announced first quarter profits of U*****.9 million on sales of 3.4 billion today, more than double its profits in the same period last year. But US Steel, America's largest steel manufacturer, said $140.6 million of its
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  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      716 8 See Page 4 for Asian stocks The American Express Card serves you well, wherever good food Is served". A Business Tip The Mirabdfe Executive Lunch Enjoy a superb 3-course lunch served at your requested time. So there's time to talk business and make your next appointment. You'll eat like a
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    • Advertisement
      Page 8 Advertisements Column 2
      186 8 t r The Dragon Palace Restaurant is where you can dine in regal splendour and dance to the mellow sounds of yesteryear with The Zodiac" Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome 1 fiSMOB BBLBCC SaSSr a Oxley Ris*/P*n«ng Road.
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  • BANKING AND FINANCE
    • Article
      Lock icon Bolivia signs refinancing pact
      195 9 Reuter BOLIVIA has signed an agreement with its commercial bank creditors to refinance about US$46O million in debt due between Aug 1, 1960 and March 31,1963. The agreement had been expected to be signed in March, but was delayed because of difficulties associated with loan documentation,
      Reuter  -  195 words
    • Article
      CANADIANS BUY ORION
      109 9 THE BOYAL Bank of Canada (BBC) ha* UMUccd tint II will bay over OrlM Bank Lid. RBC, which carnally nm 21 per cent tt Ortoa Baak, will the remalalag 89 per eeat ef the Leadea-hased lsvestmeat haah tram Its ether shareholders which laelade The Ckue MMtahM Corporatloa,
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    • Article
      Lock icon ANZ-CBA merger
      92 9 Reuter THE AUSTRALIA and New Zealand Banking Group (ANZ) is holding informal discussions with the Commercial Bank of Australia (CBA) which could lead to a merger. Its chairman Sir lan Mclennan, in a statement to the Melborne Stock Exchange, said the ANZ and CBA boards are now trying
      Reuter  -  92 words
    • Article
      Quotation of Singapore Government Stocks as at Apr 30, 1981:
      649 9 Number Mcatne Grass Coivon Amount Interest of days Mdde Price tedempbon Maturity Year Raised ■ate (S Mta) Payment* ot Accrued (eidudnj VUtf (%pa) Dates Merest accrued Merest) (%pa) 158.81 1975 ••5 40 00 15/2. 15/8 74 "99 96 ••510 1.9
      649 words
    • MONEY AND EXCHANGES
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12.85 per cent.
        22 words
      • Article
        ASIAN $
        173 9 ASIAN ASIAN currency deposit Interbank rates as at close on May 4. US DolUn(Spot) Offer Bid 7 days 18% 18V t 1 month 1811/18 IS 9/10 2 months 1811/*****/18 3 months 189/18 187/18 8 months 18 9/18 18 7/18 9 months 1711/*****/18 12 months 17% 17% Das. iului. r.i, 1
        173 words
      • Article
        Discount
        44 9 RANGE aI prices offered by discount houses on May 4: Overnight: mtto€V*% Call deposits: 9% to tv«% CM| Baying Selliac 3-month Treasury bills 8W #H 3-month Bank bills 9H 3 months CD »1/1« 815/16 8 months CD 10 9H Source: National Discount Company
        44 words
      • Article
        HONGKONG
        169 9 THE US dollar yesterday firmed further against the mark and sterling in fairly active trading, despite the May Day bank holiday in London yesterday, dealers said. The US dollar was supported by market expectation of further rise in US interest rates, following news on Friday of an unexpected $4.2
        169 words
      • Article
        Singapore market
        494 9 HIGHER Eurodollar rates pushed the US dollar up against major currencies in the local money market yesterday. The US dollar opened at 2.2290/30 against the deutschemark and firmed up to 2.2380/00 in the morning. Later in the afternoon, it traded up to as high as 2.2450/00 before easing
        494 words
      • Article
        GOLD
        200 9 SINGAPORE gold futures yesterday closed mixed compared with Last Thursday's closing levels after fluctuating marginally throughout in thin trading, dealers said. Total sales for the day was recorded at 51 lots while turover for kerbs was heavy with 406 lots transacted mainly for June and August contracts. Prompt closed
        200 words
    • Article
      Lock icon EASY LOAN FOR NEPAL
      134 9 AFP THE WORLD Bank has extended a lean of USJ6 million to the Nepalese government for the development of cottage industries in Nepal. These industries have employed directly or indirectly over half a million people in the rural areas. The loans will be distributed through Nepal's
      AFP  -  134 words
    • Article
      Lock icon Consgold diversifies
      138 9 Reuter CONSOLIDATED Gold Fields (Consgold), one of the world's major gold companies, has invested US$45 million in an American company in a move which could diversify Its mining interests. Rudolph Agnew, Consgold chief executive, said the company had bought 7 per cent of Newmont Mining shares and did
      Reuter  -  138 words
    • Article
      RESULTS
      667 9 CONSOLIDATED income before securities transactions at Carp amounted to US$lOB.5 million (or the first quarter of 1961, representing a 19.4 per cent decline from 1134.5 million for the comparable 1960 period. Net income for the 1961 quarter was $106.5 million compared with $134.4 million in 1960. Per share income
      667 words
    • Article
      Lock icon Bumiputra industries given priority in MIDF loans
      308 9 AFP THE MALAYSIAN Industrial Development Finance Berhad (MIDF) gave out 2,689 loans totalling M 51,087 million up to March this year. The figure for 1970 was 358 loans totalling $144.1 million while that for 1960 the first year of MIDF's operation was seven
      AFP  -  308 words
    • Article
      Lock icon Mastercard and Visa to challenge Amex cards
      679 9 NYT DESPITE the proliferation of credit cards, no one has been able to usurp the American Express Card's stronghold in the travel and entertainment market. Now, the two leading bank cards, Mastercard and Visa, used primarily for retail sales, are preparing an assault
      NYT  -  679 words
    • Article
      Lock icon NEW KEB SUBSIDIARY
      52 9 UPI THE STATE-BUN lire* Exehaage Baak has been allowed to set ap a locally lacorporatod baak la Canada. The Eoreaa baak was amsag 12 foreign baaks which were allowed reccatTorsato and other Canadian cities. 11» baak, to be capitalised at US$6 million, will formally start bnilao— la
      UPI  -  52 words
    • Article
      ICB LOWERS PRIME
      48 9 INDUBTRIAL sad Cwunerdal Baak lowers Ito best leading rate by V* paint to 12Vi per eeat today, jaintag the other Ave pabtic-Usted local baaks at this level. also qnoting Its best easterners ltVi per eeat tor their Ink The V* paint eat was effective yesterday.
      48 words
    • Article
      Lock icon Mutual funds plan
      407 9 NYT VISA plans to offer commercial banks across America the opportunity to offer their customers money-market mutual funds. Commercial banks have been barred by Federal law from providing their customers the flexibility of money-market mutual funds, or from paying the funds' current high rates. The laws limit
      NYT  -  407 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      13 9 FURNITURE ai; H Touch of Class LUXURY INTERIORS PTE. LTD. 321, Plaza Singapura
      13 words
    • Advertisement
      Page 9 Advertisements Column 2
      161 9 our tenants are our best advestKement The quality of our international tenants speaks for itself. They chose THE OCTAGON as a result of- Its strategic comer location dose to Shenton Way and Raffles Place. Its prominent visual identity. The highest standard of management and other essential services and m Jones
      161 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2345 10 BID and offer prices officially listed and business in and reported 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 COMMERCIAL Acma (3.665) (2)
    2,345 words
  • Article
    Unit trusts
    173 10 SINGAPORE UNIT TOUT OUB-MONTAGU (Mmiwi' fttum tar May 6) (Mnaiarf 1 1 tar Ma* 6) The Commerce 4.01 4.77 I'rnon Snore Fund l.TTxd 185xd The Savings Fund IB 236 S'pore Prog Fund 1.70 I.TO INCOME BOND UNIT S'pore Sec. Fund r«4 2.77 (Cam at prieai) S'pore Invest Fund
    173 words
  • Article
    SHARE INFORMATION SERVICE
    2807 10 1981 High Low Company Laat Sale orDiv Div CVT Y*M PfE Vol Day COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 370 334 312 420 200 950 560 430 320 Acma Alcom 130 Allied Cboc 181 BAT 330 BaU 110 Ben Berjaya Kavat 860 Boustead 322 Bousteadco 300
    2,807 words
  • Article
    In Kuala Lumpur
    1747 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. INDUmUIA Aim (3.306) (1) 3.30 (1) 3.24 k ChM (1MB) (12) 1«
    1,747 words
  • Article, Illustration
    Bulls show signs of exhaustion
    655 10 THE BTOCK Mikat expertMwj a spell yesterday wkea bells shewed atgas af exkaaattea frem tkelr lakeara ri the past sevea weeks. A lew ketter qsallty stoeks, h®wcvef( were able pUlhsck Geatlaga, Praeer »■< Neave, ssd Pu Electric were traded sp, sad Ike Straits Tinea ladastrial
    655 words
  • Article
    Kuala Lumpur slightly easier
    589 10 SHARE prices retreated on a broad (root yesterday on continued profit-taking to close slightly easier on the Kuala Lumpur Stock Exchange. The cautious note seen at the close of last week no doubt affected sentiment to some extent. Prices were dealt steadier at the opening but
    589 words
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  • COMPANY NEWS 2
    • Article
      Lock icon Pahang Cons plans Highlands resort
      682 11 THE CITY STAFF PAHANG Consolidated, in a further move away from its traditional mining interests, plans to develop a holiday resort in Cameron Highlands. Its wholly-owned subsidiary, Menen Engineering Sdn Bhd, has already paid a deposit of $3 million for a 12acre prime piece of
      THE CITY STAFF  -  682 words
    • Article
      Machine option at G Ropel
      432 11 MECHANISATION appears to be a key area to which Guthrie Ropel is turning, as labour shortage begins to affect some of its estates. This option is highlighted by Guthrie Ropel chairman Mr B G Lewis, and is the theme of a series of illustrations in
      432 words
    • Article
      IOB moving into property
      465 11 INDUSTRIAL Oxygen Bhd (IOB) has announced plans to move into property development, with the purchase of three property-owning companies. It said over the weekend it was buying over the entire paid-up capitals of Juruawam Pembinaan Sdn Bhd ($4 million), Masuri Jay a Development Sdn Bhd ($400,000)
      465 words
    • Article
      Paper Products pushes ahead
      448 11 PAPER Products (Malaya) has pushed ahead faster in the second half to turn in overall profits of nearly MsB million last year. The integrated paper and packaging manufacturer reported in its preliminary statement yesterday a pretax profit of $7.99 million for the year ended bee 31,
      448 words
    • LATEST RESULTS
      • Article
        TAIPING Textiles
        83 11 reported net profits of M 96.68 million for the year ended Dec 31, 1980 against M 57.43 million previously. Sales went up by $4.32 million to $55.72 million. A first and final dividend of 10 per cent tax exempt has been declared and is payable to shareholders on
        83 words
      • Article
        NEGRI Sembilan Oil Palms Bhd
        31 11 made pre-tax profits of MsB.9 million, down 15.3 per cent from $10.5 million in 19T9. Group turnover was down sightly from $19.4 million to $19.2 million.
        31 words
      • Article
        AYER Molek Rubber Company Bhd
        22 11 made pre-tax profits of M 5365,166 for the interim period ended Feb 28, 1981 against $312,500 previously.
        22 words
      • Article
        UNITED Malayan Flour Mills Bhd
        46 11 reported unau- dited group pre-tax profit of M 51.03 million ($1.22 million) for the half year ended Jan 31 on sales of $21.56 million ($20.14 million). Parent company pre-tax profit was $1 million ($760,000) on turnover of $13.76 million ($10.79 million).
        46 words
    • Article
      Chevelina to issue takeover notice
      224 11 CHEVELJNA Pte Ltd, the company which revealed a takeover bid for SPP Ltd, will issue a new Notice of Takeover within the next few days. The announcement, made yesterday by Citicorp International (Singapore), merchant banker to Chevelina, was in response to an earlier statement by
      224 words
    • Article
      DELAY AT CCL
      137 11 CYCLE and Carriage Ltd (CCL)'s half-year results, normally made at around this time, will be delayed, said CCL secretary Mr Anthony Tang yesterday. A statement issued on behalf of the CCL board said that the 1980 results of Newman Industries Ltd of the United Kingdom, in which
      137 words
    • Article
      Folex falls well short of forecast
      357 11 FOLEX Industries appears to have fallen well short of its rosy forecast, reporting a net loss of MJ2.2 million for the first half to Feb 28,1981. The earnings position has deteriorated compared with the previous first half loss of $97,000 (1980) a though turnover
      357 words
    • Article
      JACK CHIA MOVE
      360 11 JACK Chla-MPH aad Jack Ckla lateraatlaaal Ltd (Haagkaag) will esmMae tMr ikawhaldlags la Haw Par uier a aew Jalat esmpaay called JCI H*ldlags (Sfagapsre) Pte Ltd. The aew esmpaay, lacsrpsrated la Magapsre with capital af $49 milltos, will hsM JC-MPH's SJt milttM Haw Par Aara aad JCIL's
      360 words
    • Article
      Malaysia wants more stock-broking houses
      375 11 IT IS hoped that more stock-broking houses will be established in other parts of Malaysia to cater to the needs of the investing public in a buoyant economy. This was stated by the chairman of the Kuala Lumpur Stock Exchange, Tengku Noone Aziz bin Tengku
      375 words
    • Article
      Resort hotel contract
      200 11 FABER Merlin Malaysia Bhd has secured a management contract for a proposed resort hotel in Port Dickson, through its subsidiary, Merlin Management Corporation Sdn Bhd. Construction of the 150room beach hotel at Fifth Mile, Coastal Road, is expected to begin in 1982 and it is scheduled to
      200 words
    • Article
      MAGNUM
      64 11 MAGNUM Corporation Bhd has incorporated a new investment-holding subsidiary named Jayavest Sdn Bhd. The authorised capital of the new company is >20 million while the issued and paid-up capital is a nominal $2 representing the shares subscribed by the two nominee directors appointed by Magnum, Mr Ch'ng Cheng Ann
      64 words
    • Article
      Lock icon Sell some in May and go away
      620 11 HOCK LOCK SIEW MOST of us would agree that April was a good month for the stock market. Fuelled by an abundance of bullish news lower interest rates, the launching of the National Unit Trust in Malaysia, continuous inflow of foreign fluids and
      HOCK LOCK SIEW  -  620 words
    • Article
      SCRIP ISSUES
      489 11 Csmpaay Parttealan Ex Dale ■asksC AJesm API A Enterprises Caristarg P Merita P E Lertsgstaa HKUai ICS Uu4 aai Pea Unt Ha M OUm Main Metal Bsx Spare OCBC P M BaMtsga Paper Pnteeti PeglMaka Pertia PUat o-a 3d I I Ww*- i Ml® Metal 8'pare Baa St
      489 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      196 11 fe. 1 Keppel Shipyard Limited NOTICE OF MEETMG NOTICE IS HEREBY GIVEN that the Thirteenth Annual General Meeting of the Shareholders of the Company will be held at its Registered Office, Keppel Shipyard Administrative Bußding, 325 Teiok Blangah Road, Singapore 0409, on Wednesday, 27th May 1961, at ZOO pjn. to
      196 words
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  • Article
    Lock icon Government in Japan enjoys high popularity
    262 12 Reuter THE JAPANESE Cabinet led by Prime Minister Zenko Suzuki enjoys stable and fairly high public popularity with about half of the eligible voters supporting it. The Japanese news agency Kyodo said its survey on 3,000 people last month found that 50.6 per cent
    Reuter  -  262 words
  • Article
    Lock icon Soviet crude oil supply to West Europe falls
    257 12 AFP THE SOVIET Union last year supplied 53 million tons of crude oil and petroleum products to the 16 West European countries, meeting 10.1 per cent of their import needs as against the previous 9.6 per cent, the private body Petrostudies reported
    AFP  -  257 words
  • Article
    Lock icon AMERICANS HAVE NO COHERENT POLICY SAY RUSSIANS
    192 12 Reuter THE TOP Soviet expert on the US charged President Reagan and his colleagues yesterday with launching a campaign of "absurd inventions, accusations and threats" directed against Moscow. At the same time Georgy Arbatov, head of a Kremlin "think-tank" on North American affairs,
    Reuter  -  192 words
  • Article
    Lock icon Yamani's oil price bid will face opposition
    513 12 Reuter SAUDI Arabia's Sheikh Ahmed Zaki Yamani can expect a critical reception tomorrow at a meeting in Kuwait with fellow Arab oil ministers over his bid to drive down the price of crude oil. The meeting of the Organisation of Arab Petroleum Exporting
    Reuter  -  513 words
  • Article
    Lock icon West Germany warns Japan on car exports
    430 12 Reuter JAPANESE carmakers must not try to use West Germany as an alternative market for cars they have agreed not to sell in the US. "Such an attempt would increase pressure on the German government to adopt protectionist measures," a West German Economics
    Reuter  -  430 words
  • Article
    Lock icon Clamp on journalists lilted within hours
    359 12 Reuter THE THAI army yesterday clamped a ban on journalists visiting the sensitive border with Kampuchea but lifted it within hours. A military spokesman said that the armed forces at the border had rescinded their order against journalists entering border camps which shelter about
    Reuter  -  359 words
  • Article
    Lock icon Kampuchea's UN seat
    232 12 AFP THE international Kampuchean solidarity conference in Phnom Penh has urged the pro-Vietnamese government of Heng Samrin to seek the Kampuchean seat at both the United Nations and the NonAligned Movement. The so-called International Conference for Solidarity with the Kampuchean People was held at the initiative of
    AFP  -  232 words
  • Article
    DOW JONES PLUNGES
    67 12 NEW YORK, Mon. Stock prices plunged this morning amid fears that US interest rates would continue to rise. The Dow Jones average of 30 industrial stocks, which plummeted 24.76 points last week, tumbled 16.21 points to 979.38 in the first half hour. Declines took a 5-to-l lead
    67 words
  • Article
    Lock icon Proposal to revive presidency in China opposed
    282 12 AFP THE PROPOSED re-estab-lishment of the presidency in China has come up against some opposition despite being hailed by the official press. One magazine article said it would be useless to bring back the presidency and said those who wanted to do so
    AFP  -  282 words
  • Article
    Fake oil filters racket crippled in Malaysia
    348 12 THE Enforcement Division of the Malaysian Trade and Industry Ministry has trippled a million dollar racket in fake vehicle oil filters which has been in existence for the past 10 years. A few hundred thousand pieces of imitation oil filters, estimated to be
    348 words
  • Article
    MRT to make a survey on travel habits
    285 12 A MAJOR household survey on the travel habits of Singaporeans will be conducted during the next few months by the Provisional Mass Rapid Transit (MRT) Authority. The survey, to begin from July, is aimed at helping the Provisional MRT Authority in planning
    285 words
  • Article
    Lock icon Cable links between India and Malaysia
    149 12 Reuter SEVEN Commonwealth countries yesterday signed a formal agreement on a MJI3B million telecommunications cable project linking India with Malaysia. The submarine link, which will be able to handle telephone, telex, telegraph and data services, is expected to be fully operational by the middle
    Reuter  -  149 words
  • Article
    Lock icon Manila court confirms death sentence
    241 12 AFP A PHILIPPINE military court confirmed yesterday the death sentence on two top communist leaders who are accused, together with opposition leader Benigno of murder and subversion. However, the confirmation of the 1977 death sentence on Mr Aquino, President Marcos' political rival, was deferred until
    AFP  -  241 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      320 12 An unique property investment opportunity! Ss39 million Package Sale of 49 Shop Units at S3 3 'A m /A* CK:X Will ruffiTi r Ideally situated at the bustling island MTR Interchange in the Golden Central District Belt PROFITABLE INVESTMENT: The 49 shop units (Nos. 1-49) are located on the 2nd
      320 words
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      Page 12 Advertisements Column 2
      3 12 See page S
      3 words
    • Advertisement
      Page 12 Advertisements Column 3
      34 12 Leader page f WW y mmm CONPEX-A m tmm m m s urn* w r y Organisers INTERFAMA PTE LTD. 834. World Trade Centre. Maritime Square Singapore 0409 Tel *****12 Telex RS ***** INFAMA
      34 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally fair. Report for 24 hours prior to 7.31 pm on May 4 at the airport. Maximum temperature 31.7 Associated humidity 67 Minimum temperature 23.7 Associated humidity 99 Hours of sunshine 4.13 Rainfall in millimetres Nil Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • Article
      Seattle officials in S'pore on business tour
      183 13 OFFICIALS from the Port of Seattle, United States, are in Singapore for a twoday visit to discuss opportunities for increasing transPacific freight between the two destinations. The three-man team arrived yesterday from Hongkong, their first stop on a month-long business tour of Asia.
      183 words
    • Article, Illustration
      Seapac in FE-US joint service application
      570 13  -  By JAN LEE FOLLOWING a merger between Seapac Container Service and Orient Overseas Container Line (OOCL) in June, three Asian lines will file a fresh application with the US Federal Maritime Commission to operate two joint container services on the trans-Pacific trade. The three
      570 words
    • PORTSIDES
      • Article
        Lock icon LPG carrier completed
        96 13 AFP THE 6,662-gross ton liquified petroleum gas (LPG) carrier Guaruja has been completed at Mitsui Shipbuilding Co's Tamano yard in western Japan and delivered to its Brazilian owner Petroles Brasileiro SA Petrobras, the company announced. The Guaruja is the first of a three identical ship series Mitsui
        AFP  -  96 words
      • Article
        Lock icon Line introduces new fleet
        55 13 AFP iTHE Scandinavian-East Africa Shipping Line has introduced a new fleet of ultra-modern vessels, one of which was launched last week at Kilindini Harot in Mombasa. The Kenyan Port on the Indian Ocean said the vessels are meant to boost the cargo delivery services of the
        AFP  -  55 words
      • Article
        Lock icon Witass lowers surcharge
        62 13 Reuter THE member lines of the Association of West India Trans-Atlantic Steam Ship Lines (Witass) said they will cut their bunker adjustment charge to 18.20 from $18.80 per freight tonne, with effect for vessels commencing to load from May 16. The new rate will apply to all
        Reuter  -  62 words
      • Article
        Lock icon Japan-Burma contract
        51 13 Reuter JAPAN'S Kinsho-Mataichi Corporation has signed an 8.4 billion yen contract with the Burmese state-run oil corporation for the supply of oil rigs and bulldozers necessary for onshore oil development. The contract called for the supply of 13 oil rigs and four bulldozers, the Japanese trading house said.
        Reuter  -  51 words
    • Article
      INDEX TO ADVERTISERS
      640 13 SUpplaRLJae (M Achlpelego vn Adriatic VI Afea VI Afro-Eurasia VI A1 Navigation VI All trans VI Alpar VI Angkutan VI Angonave V ANL I Antoll vra APL m Argentine IV ASCL m Asia Merchant VI Bait-Orient vn Bangladesh VI Bank Line V BBS n Ben Line V
      640 words
    • Article
      Unctad code may reduce world trade
      394 14 WORLD trade will become more complex and less competitive under the United Nations Conference on Trade and Development (Unctad) liner code. The chairman of the United States Federal Maritime Commission, Dr Leslie Kanuk, said under the code, trade will become "much more complex, more
      394 words
    • Article
      Container Schedules
      993 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Lines Operatn Arrival Date Time New Penguin 7 1.5.81 Fargo TA 4 vc Fondo 80S/19B 1.5.81 2359 Maersk 51 TT Chevalier Valbelle 22/223 25.81 1200 Optorg
      993 words
    • Article
      LONDON FREIGHTS
      1483 14 ACTIVE time-chartering on Friday featured an otherwise rather quiet freight market with continued Soviet interest. A 27,000 tonner was reported booked on Soviet account for delivery Norway for Gt Lakes round voyage and redelivery Cape Passero-Skaw range at 18,300 daily. A bulk/oil carrier of 82,000 long dwt received
      1,483 words
    • Article
      SHIPS IN PORT
      502 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES A 1 Tawwab (Clinker) (1130 Ude) 5 Aegis Cosmic (0600) 42/43 A 1 Riyadh (0600) 38/39 Builder m (after Kim Soon Li) 22 Murrayeverett (after Bunga Orkid, D/L) 35/36 Maplewood (0530 hauls) 6/7 Nedlloyd Manila (after Samoa) 3/4 Prima King (Bulk Wheat)
      502 words
    • Article, Illustration
      NEDLLOYD EXPECTS LESS GROWTH IN 1981 PROFITS
      382 15 NEDLLOYD, the Netherlands' largest shipping group, expects a marginal improvement in 1981 profits despite swallowing loss making compatriot Kininklijke Nedelandsche Stoomboo Maatschappij (KNSM). The group disclosed that 1980 net profit almost doubled to F*****.1 million from F1564.1 million, and in recognition of this
      382 words
    • Article
      Lock icon VANUATU TO BECOME ANOTHER FOC
      344 15 AFP THE newly independent South Pacific island Republic of Vanuatu is wooing Hongkong shipowners to switch their vessels to its new open ship registry. The South China Morning Post said Vanuatu intended to become another "flag of convenience" for world shipping to compete with Liberia
      AFP  -  344 words
    • Article
      Owners warned of risks in ordering new tonnage
      650 15 DEMAND for large bulk carriers may quadruple by the end of the decade but owners are warned of the risks involved in ordering new tonnage. The cautious assessment is contained in a new study of London independent shipping consultants HP Drewry Ltd,
      650 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1816 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
      1,816 words
    • Article
      Lock icon Controversy over Japanese ships in Lions Gate Bridge
      363 20 AP TWO Japanese coal ships anchored in Vancouver harbour, were the centre of controversy last week over allegations of an unnecessary risk taken in moving them under the Lions Gate Bridge. One of them, the 168,000 Japan Mimosa, is one of the
      AP  -  363 words
    • Article
      Lock icon US research ship seized
      145 20 AFP AN American-owned seismological research ship that was seized last week in the Gulf by Iranian authorities was in Kuwaiti waters when it was halted, a spokesman for the vessel's owners said. The spokesman for the Western Geophysical Company of Houston, Texas, said that the ship
      AFP  -  145 words
    • Article
      Lock icon Largest cruise ship loses its power again
      473 20 UPI THE world's largest cruise ship steamed slowly toward its home port of Miami last week with two of its four boilers out of action, apparently due to a mysterious chemical invasion that ruptured boiler seals. The Norway, with 1,787 passengers and a
      UPI  -  473 words
    • Article
      Shipping Events
      240 20 VOYAGE Planning May 7, Royal Institute of Navigation, 1730 hr. Room 506, Liverpool Polytechnic, Liverpool. Ship ftpted and wwimption May 18-19, Lloyd's of London Press conference. Eugenides Foundation, Athens. lie Implications far the tanker lndnstry af the IMCO Regulations (Marpol 73 and Tanker Safety and Pollution Prevention 1978
      240 words
    • Article
      Lock icon Less trading on tanker market
      279 20 AFP TRADING was much reduced on the tanker market last week, with an abundance of tonnage available for virtually every order placed on the market. Consequently rates fell back from previous levels. In the Gulf States area, momentum for ultra-large and very large crude carriers
      AFP  -  279 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      269 13 PIL GROUP regular container feeder SERVICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN GULF AND RED SEA PORTS. SaaPagsV R1) 1\ 1 I \H Orient Overseas Co*d{u*teA Line Cafcng Breraertuwi a tier Hamburg 'down Timts (S pore): (.a 6/5 1900 HRS [rn TTI-V TO/FROM NORTH
      269 words
    • Advertisement
      Page 13 Advertisements Column 2
      319 13 skalord: m UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES Loading tor Kuwait 3/6). Damnum Kuwait 3/6). Damnum (6/6), Bateau* (9/8). Mm (12/6) Dubai (15/6. Mm Dhabi 18/6 M BAS3AM 33 27/5 I M MTW 25 7/1 kMtakNttiM Dubai (8/6) Damnum (1 Dubai (8/6) Dammam (11/6). Kuwait tH/6). Bahrain
      319 words
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      Page 13 Advertisements Column 3
      729 13 vs~ T^sngapore business MATTER Times Periodcc* Put*cotion MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U S. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS ew York I Philadelphia CZS3I Penanf Salad In Part 11-12/5 IS-19/5 25-26/5 1-2/6 8-9/8 I II 11 KIiIWKiMH I kl M i FONDO •S«GAPO« CLOSING TMES: CY
      729 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      819 14 CONTAINER SERVICE 3) Kba* 4) Gtxiri G twrj 2) H burj 3) B'w« Sated Saded Sailed Saded Sailed S*ted Saded Saded Sated Saded SaM SaM 8/5 10/5 11/5. 15/5 17/5 11/5 4) r«Mi 5) It H MM Acopflm Fw 1) Bar atom. Genoa. 2) Amsterdam. Ai*»erp, L.Ha*rt, Mbtc. Basle, W,
      819 words
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      Page 14 Advertisements Column 2
      258 14 BBS SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA "TUUUEH" rn, i. NAWA" IhT 17. "TAUT Mr a Mi Ksas kitm mtmm it m mmm scum 47 TO: PANAMA US ATLANTIC EAST CANADA US GULF i.i' 'ib 11 lir a/i 2/7 17/1 23/1 17/7 a/7 l/l l/l TO: CALIFORNIA
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      624 15 Overseas M Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok tiNrt/l M 1/1* 12/11 Mr IVMI Sarawak aid Bfunoi P Mm| Sport Met Ms 7 Ihr W, US I Iter ni.Aa.lu It Iter 17 N* HK.KS l»M m.TK.U.I 22 May »M HK.AS
      624 words
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      Page 15 Advertisements Column 2
      223 15 rjcy Franco Belgian Services Ih■>Fi hr, .1 vrufi lit •;Jii*s t• r h tk I SEAPAC CONTAINER SERVICE StNGAPORf f NQUIUIf S ???3 *44 CfS ???4A41 Tfrrr,n/|i ??O«*4J6 Opt org Shipping Pie. Ltd. W uftlfl I umpur j6?593 PoM l< <»l«ng *00' 7 P*t«linq j«vA ****** 5324S W EL M
      223 words
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      Page 16 Advertisements Column 1
      773 16 Hapag-Lloyd TO NORTH EUROft l«p It* at, 4 TO KEWTHWWtA amid ViMt Owvahr 0* Bob 1 EXPORTS I 5/6 J/6 10/6 12/6 13/6 15/6 19/6 (22/6) 25/6 27/6 to north E«orc/iongmtty S'pore PK Pen Bilbao Genoa H Burg B haven Rdam Antwerp 8/5 11/5 8/6 2/6 18/6 16/6 13/6 11/6
      773 words
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      Page 16 Advertisements Column 2
      564 16 KOREA >S 4> cn a n I mjyl f'/ rn^=>fuJ Algerian National Line SPECIALISTS DEAL WITH SPECIALISTS WEST BOIW) FAR EAST/MEDITERRANEAN SERWCE STORE P KIANG LOAOWG FOR BEL ABBES (1979) Saled 1/2 Ma* Tuw/Pt SI. law/Woe*/ Alf€f BECHAR (1975) 25/27 Kb* 21/30 May Tuw/Pt. St. Lous/Valencia/ Alfor EAST BOUND MEMTERRAI6AN
      564 words
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      Page 16 Advertisements Column 3
      465 16 EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CARGO FOR: UNITED KINGDOM SOUTHAMPTON. LONDON, MANCHESTER. BIRMINGHAM. BRISTOL, LIVERPOOL, GLASGOW. LEEDS. ETC. WEST GERMANY BREMERHAVEN. OSLO. STOCKHOLM. GOTHEN BURG. AARHUS, COPENHAGEN HOLLAND AMSTERDAM S par* MM Hanbui Fafattevt Antwerp U K»n« (*•> Ltyal 6/05 16/05 27/95 25/05 11/05 2/06
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      Page 16 Advertisements Column 4
      1030 16 Burma Fivt Star Shippini Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON S'pvt Mttec rmm KTMTAimM t/i Miy rmsHmenwrw* t/io «Ur HTOCTW* 11/ li Hit PWM/TUM 73/2* Mir B F S S C Agents m Moloyvo BOUSTEAD SI-*PWNG TEL NOS KL *****2/*****9 iJLi# Comptitw Arttntiiw D« Ml* Navi>cion Intercontinental S. A.
      1,030 words
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      Page 16 Advertisements Column 5
      426 16 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE JAPAN/STRAITS SERVICE i lumpuk m mm, mnt CONTMO BOQKMC OCU* 9IPWC STO* TEL 911 44/7 Mai's can kid p. kbjms tel o*7. B7V* SIB AGEKTS f HUMS EAST ASM 9VPWC TIL 3M7J2/J/7251 KMK MALATSM TMK A TRANSPORT TEL (7»3 A A 3725
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      Page 17 Advertisements Column 1
      746 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH, JEDDAH AQABA (Reefer Cntrs Acceptable) VESSEL i IST CALL SPORE COLOMBO 16-17/5 11-12/5 13-14/6 17-18/7 19-20/6 23-24/7 HODEIDAH 24-24/5 27-27/6 31-31/7 JEDDAH 26-26/5 29-29/6 2-2/8 AOABA 28-28/5 1-1/7 4-4/8 2ND CALL COLOMBO 7-8/6 11-12/7 14-15/8 S'PORE 13-14/6 17-18/7 20-21/8 S.E.A. Container Feeder
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      Page 17 Advertisements Column 2
      903 17 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE TO Dim S port P KeUn|*German, Aastria Ant« ffe&iTiflrew SjM C/S 27/5 29/5 1 Kwama Mm 13/5 15/5 5/4 7/1 Mmw Eipresi IS/5 20/5 14/4 12/4 Kuh|l Man 27/5 13/4 15/t larp Bar 24/5 19/4 C*i sf EJMbvfh 5/C 25/( 27/1 Bremen
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      Page 17 Advertisements Column 3
      741 17 I ScanDutch9 WEEKLY EXPRESS CONTAINER SERVICE TO MED/UK/NC/SCAN DAM* SM I PtIMCA l/S I OAK I* 15/5 B PIIMGA ?2/5 (MM.lt PtNAGA 5/6 1) brcKM Genu lA*or» 7) Imrpool. U* Cjkwi MMnds tram* Brtaor*a»on Avian. Co M Me mimA acM»M( IMP to NM»d £AC Mr I 1/6 2/6 «/6 6/6
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      Page 17 Advertisements Column 4
      589 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUMON S. AFRICA STREAMBANK Spore: At Sembowong Port. Also accepting FCL containers. (loading direct tor Durban and Capetown only) Lykes/V Lines U.S. WEST COAST SERVICE lor Orort from SfO I be* SPORE S'Ue Ik VBC ASHLEY LTKES Sid SM 30/5 26/6 27/6 30/6 LESUELYKES
      589 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      825 18 K LINE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA MB *SSELS* PK 5* MOTMB *SSELS I Star *3 13/5 15/5 taw 19/5 23/5 mrrn nntT Iby ¥-4 20/5 21/5 Ka*i Mara ha*** Cat|ws aNa *m*m. St M si gunrr 5* I CHANCE 3W IS KOO JIM C.
      825 words
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      Page 18 Advertisements Column 2
      559 18 ir CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE IM*K tar KB Nttlß. SMI FIMCBCO. SATIU. IftCOMft. tMCONDI B.C. Attapt* Fa/ra Man f «IU"( Stf*«x>" I Anfetrs «SMM w n Ma, HHQ M NM "WMWmnUA" > tmm II tmm Mr AUSTRALIA EXPRESS CONTAINER SERVICE fee*** FCI/FCt C«l*n P Keunt S>x« *n
      559 words
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      Page 18 Advertisements Column 3
      404 18 S A(.rou|) SINGAPORE SHIPPING AGENCIES PTE LTD 20TM F LOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 13 LINES) GENERAL *****1 <14 LINES) TERMINAL OFFICE 22 ***** TELEX RS ***** RS ***** A B CARSMIP CABLE CARGOSHIP l'i'j|j»nal Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK WT is/in 12S/13N 18/14* 12S/14M 14S/IJR
      404 words
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      Page 18 Advertisements Column 4
      584 18 KORINS MARITIME SERVICES "o Room 6GV ICB Building. Shenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4 *****5 MIDDLE EAST/RED SEA/EUROPE SERVICES \VJDSAM ICk LINES A member of me Saroick Group of Companies LVO SOtYKX FROM KOREA/TANIAN/HONG KONG TO SMGAPORE Indian Busan Ketkmg HJlong Sport SAMICX 1 Mar 5
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      Page 18 Advertisements Column 5
      664 18 INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****11-*****57 JTO ■ooocor sbnkx to eumpi Afaats: Sffi(lpori R. Lumpir 9 Mar 11*T Rl**/* <***) 2Am (km MUOCM/M (WOD MTMSU (PTE) LID 2352C11 BOOMS mm YEO 9VPWG I TRADOC 480(44, *****2, 41*71 HID OVERSEAS MARfTM SON M *5054 *****/2
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      732 19 FAR EAST'EUROPE FULLY CONTAINERISED SERVICE a TO EUROPE/t* (VIA SUEZ): icmber ot ihp »ct Comoiiun I t N. GARNET 5W+. f K. CHANCE 3W S.S. BMDGE 31W.. C. RO2E 25W K. JACEWON 13W. TW BMDGE 6W MERCATOR 23W... Also accepting cargo to/from Scandinavia N. GARNET S pore Closing Times. FCL
      732 words
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      Page 19 Advertisements Column 2
      330 19 MALDIVE LINES FOR BOOKM6S 1 ENQURES PLEASE CONTACT: SW6AMK PORT KELANG P 0( »MI NAVIGATION I TRADMG (RENTAL SHPPVK CORPORATION C^-(?^E) LTP TEL: 11. *****6/*****4 1106 MTERNATWNAL PIAZA PORT KELANG *****1 ANSON ROAD KUANTAN *****519 SMGAPORE 0207 TEL: 2223(20 PASS 6UDANG *****415 V:\ST\M\ \K \A\\:\{. I I I). OpoclaHal in
      330 words
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      Page 19 Advertisements Column 3
      225 19 m sinsov SINGAPORE SOVET SHAPING CO PRIVATE LTD SMSOV BULDMG 55. Market Street Sinfaport 0104 Telephone Numbers *****3 (10 Lines) Cable Address SMSOV SMGATORE Telex Numbers RS ***** RS ***** RS ***** P KOJMG M/S SHAJHKAT INN SOON SON. MD. IST AND 2ND FLOOR, NO 1. JALAN CEMPENNG. PORT KLANC.
      225 words
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      Page 20 Advertisements Column 1
      376 20 A ANTOLL LINES Dim' Bls to BRISBANE SYDNEY Mflß <GEEIONG ADELAIDE Independent FCL Container Conventional Liner Service YIWI WTHIT if"' mm >i MA I 4 1 11 kaw 7 M Sd Protl Sncaport May 10 fort Kdanc May 12 Briabane Sydney May 30 Malt (Clone) June 3 May 2« June
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      Page 20 Advertisements Column 2
      174 20 SL WOOD LINE Bulk Timber and Plywood Service LOADING FOR NANTES/RDAM/TILBURY (Other UK destinations acceptable) Vessel Spore PKelang Tg. Mam GRAND GLOBE WL 003 In Port 8/5 12/5 Wl 004 25/5 2S/5 19/5 SILVER PINE WL 005 25/6 15/6 20/6 General Agents:Wood Line (S) Pte. Ltd. Tel: *****11/*****93/*****42 K. Lumpur:
      174 words
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      Page 20 Advertisements Column 3
      224 20 ft JOHORE LJf 181 JAI AN TENGI !L SEIANI r v/ 55 9 SHIPPING TfNGHU RAOAR PORT KHANG SHANGOR Mfll A vsifl HAJ SHIPPING SDN. BERHAD i Express Unload Service from P Kelan£ East Malaysia Brunei HAYATI V: 7/11 HAYATI V: S/ll HAYATt V: 9/31 HAMDAH V: t/ll HAMDAH V:
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      Page 20 Advertisements Column 4
      187 20 \s± KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAN/STRAITS/JAPAN Fully Containerised Service Vessel NOtOSTM V 3 mm bat k N MALAYSIA Tokyo Robe S'pore P KeUr*Penan« Spore Tokyo Kobe 27/4 21/4 10/5 12/5 13/5 15/5 2«/5 29/5 12/5 13/5 22/5 23/5 24/5 20/5 5/0 0/0 Boustead Sm *****4/*****5 Hantaan CrwMi KL M
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      Page 20 Advertisements Column 5
      220 20 PRACHT (MALAYSIA) Pracht SDN. BHD. ETA PORT KCLANG 29/4, 2/5. 13/5, 26/5 29/4, 2/5, 5/5, 11/5. 12/5, 24/5 Colombo, Bombay, Karachi Hong Kong, Taiwan, Monio 12/5 24/5 Jakarta. Tokyo, Yokohama, Koto* 30/4, 1/5, 6/5, 9/5, 10/5. 14/5, UK, Europe, Continual Port* 21/5.24/5,26/5.30/5 29/4. 3/5. 6/5. 9/5, 22/5. 25/5 AuMraian pom
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      139 20 fi Regional Weather e i A A SI r~s I *< n °C Cj SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots V Wave height Cloudy Sky Snrface winds are Indicated by airews which fly
      139 words