The Business Times, 8 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 FRIDAY, MAY B,IWI 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Strike closes Heathrow
      63 1 UPI LONDON, Thurs. A strike by air traffic controllers today closed London's Heathrow Airport, the busiest in Europe, for the second time in 10 days. The strike forced British Airways to cancel 130 flights and trans-Atlantic journeys to and from the United States. The six-hour strike was
      UPI  -  63 words
    • Article
      Lock icon Brunei accepts invitation
      63 1 Reuter BANDAR SERI BEG A WAN, Thurs. Brunei's Sultan, Sir Muda Hassanal Bolkiah, said today he had accepted an invitation to send an observer to next month's Asean foreign ministers' meeting in Manila. Asean is hoping that Brunei will join the economic and political grouping when the
      Reuter  -  63 words
    • Article
      Lock icon Polish prison revolt
      66 1 Reuter WARSAW, Thurs. Some 60 people were injured, one seriously, when guards put down a revolt at a prison in western Poland. Solidarity said inmates staged a sit-down strike at the prison in Wronki last month to back a list of 11 demands, including a wage rise,
      Reuter  -  66 words
    • Article
      Lock icon Soviet's Lebanon mission
      89 1 AFP MOSCOW, Thurs. The Kremlin is determined to persuade Syria not to do anything that would lead to a direct confrontation with Israel in violence-torn Lebanon, diplomats agreed here today. This was the aim behind the mission begun in Damascus yesterday by Soviet First Deputy Foreign Minister
      AFP  -  89 words
    • Article
      Lock icon British local elections
      79 1 Reuter LONDON, Thurs. Britons today voted in local elections, the first major test of support for Prime Minister Margaret Thatcher after two years in office. The opposition Labour Party is expected to take control of city and county councils in many areas when the results are announced
      Reuter  -  79 words
    • Article
      Lock icon Journalists strike
      93 1 Reuter NEW YORK, Thurs. Journalists and other workers at the New York Times went on strike today. The dispute was over a two-tier wage system under which new employees are paid at a lower rate than senior staff for doing the same job. The union seeks changes in
      Reuter  -  93 words
    • Article
      Lock icon Chun to visit Asean
      65 1 AFP MANILA, Thurs. South Korean President Chun Doo Hwan will visit Asean from June 25 to July 9, the Philippines foreign office announced today. President Chun, who is making the official visit at the invitation of the heads of state of Asean will exchange views with
      AFP  -  65 words
  • Chief Price Changes
    • Article
      SINGAPORE
      130 1 Rises Indices Pacific Dev C Sugar* Metro Hldfi Peri Msia G Ceramics Leoaf Hnat H Leoag Fin Batn Lintanf Syn Resins P M Hldga Utd Plantations Paramount 680 1370 1270 920 635 372 055 480 620 1070 505 785 280 110 90 90 75 56 55 46 45 40
      130 words
    • Article, Illustration
      KUALA LUMPUR
      135 1 Rises Indices Boustead 1020 100 B.T.Index: May 6 May 7 Sel Prop 2250 +90 *****9.96 *****2.05 Spore Land 1380 80 Industrials: 1104.09 1108.53 C Sugar 1440 +70 Finance: 1739.09 1756.17 Paramount 870 +65 Hotels: 499.81 499.34 S'pore Glass 360 +58 Properties: 1125.50 1145.93 Taaefc 660 +55 Tins: 498.77
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  • Article
    Khoo Teck Puat in $268 m deal
    604 1  -  PURCHASE OF HOTEL CHAIN By FLORENCE CHONG A SINGAPORE hotelier, Tan Sri Khoo Teck Puat, is believed to be negotiating to buy Australia's largest hotel chain, Travelodge, in a deal reported to be worth about Asllo million (*****.4 million). The negotiations are being
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  • Article
    Tripartite team to visit Japan
    279 1 A TRIPARTITE mission will visit Japan later this month to study Japanese industrial relations. The eight-man team, to be led by the Permanent Secretary of the Labour Ministry, Dr Han Cheng Fong, will leave on May 24 for a two-week tour of Japanese productivity centres,
    279 words
  • Article
    PSA moves to meet storage demand
    493 1  -  By LINDA CHEE THE Port of Singapore Authority is embarking on the construction of three warehousing projects and a large container freight station to meet the strong demand for storage space in the Republic. Two blocks of five-storey warehouses at Keppel Wharves will provide
    493 words
  • Article
    Three acquisitions by Larut
    628 1 IN A MOVE to lift its earnings, hitherto dormant Larut Tin Fields Berhad is acquiring three property companies for almost Ms4o million. The acquisitions will be satisfied by a cash payment of $350,000 and the issue of $19,789 million new Larut shares valued at $2 per
    628 words
  • Article
    Registered accountant appointed president of SSA
    251 1 PBOFEBBOB Gu Ha Hu 0t the Natl—l Ualverslty «I Hmmnr ku beea appelated ike mew areaHrat the «agipiw fctoty si Aewututi (88A). A teetarer la flaaaelal MwttH aad Mflthg >1 tkt udvffiUj, Prafeeeer Cwhttt Brat regUtefwl ilthNgk the 88 A nea»benMp cemprtoee mainly registered
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  • Article
    Rights and bonus issues from Boustead
    482 1  -  By RUTH CHENG BOUSTEAD Holdings Berhad has proposed to double its issued capital to $66.4 million and to raise $44.3 million in cash to finance its expansion plans through a rights and a bonus issue. A statement on the proposal was released yesterday after
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  • Page 1 Advertisements
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    • Advertisement
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      35 1 WTRETORN Loner Lasting Tennis Ball Available at ad leadiruj departmental and tpofts stores it' V The Official Ball For National Tournaments Sole Aqent UHnatoi& The Sports People Wholesale Tel *****4 *****4 Retail Tel *****6. 4304&3
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    • Advertisement
      Page 1 Advertisements Column 3
      74 1 SHIPPING TIMES PROPOSAL for lew Pacific security c0mmunity..................... J THATCHER'S mtietutot medicine shewing effect. 3 THE first fear menths of the new Enrepenn Commission C DO-IT-YOURSELF philosophy ef Ken-Air 7 THE FIRST five-yew FRCD since 1179 HUSSEIN Onn to step down from office? 12 TV AND RADIO I, CROSSWORDS I,
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    • Advertisement
      Page 1 Advertisements Column 4
      163 1 The Straits Companies Times Activrties. mu ppTftuv Key Personnel. UIKLLIUKX Agencies Singapore (Buku Merah) HERMES SWISS PRECISION You get more value from the Hermes 808 than any other ordinary ball typewriter. The moment you insert a sheet of paper into the Hermes 808 electric ball typewriter, you know you're in
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  • Article
    DAILY AIRCRAFT MOVEMENTS
    736 2 ARRIVALS Service Local From Operator Number Time PAA PA005 0010 nyc/sfo/hkg MAS MH601 0630 KUL MAS MH680 0645 KCH SIA SQ43 0740 DHA TMA TL341 0800 BEY/DXB SIA SQ101 0815 KUL MAS MH811 0615 PEN MAS MH603 0630 KUL RBA BI427 0930 BWN MAS MH671 1000 PEN/KUL
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  • REGIONAL
    • Article
      Lock icon Proposal for a new security alliance
      562 2 AP A NEW Pacific security community and not a USdominated Pacific "Nato" is being proposed in a publication of an American foreign policy and research organisation. The community would be made up of the regional noncommunist states: Japan, Taiwan, South Korea, the Philippines, Singapore,
      AP  -  562 words
    • Article
      Japan's carmakers take tough stand on quotas
      542 2 JAPANESE carmakers will debate vigourously their allocations for exports to the United States, although the quotas will be baaed mainly on previous export volume for each carmaker. Officials of the Ministry of International Trade and Industry (Miti) have begun talks with representatives of
      542 words
    • Article
      Lock icon Fraser's latest crisis in four weeks
      313 2 AFP AUSTRALIAN Prime Minister Malcolm Fraser is under attack from six state premiers who believe that they have been "shortchanged" by A|7o million in the government's financial allocations tor 1981/82. Mr Fraser's latest political crisis in four weeks arises from the revelation, now documented
      AFP  -  313 words
    • Article
      Lock icon China's new rice variety producing results
      191 2 AP CHINA'S new hybrid rice has increased harvests by more than 750 kilo a hectare in tests over the last five years. On the 16.68 million hectares planted with the hybrid, the total increase in production amounted to more than 13 million tonnes, the
      AP  -  191 words
    • Article
      Lock icon Pertamina signs oil production sharing deals
      182 2 UPI INDONESIAN state oil company Pertamina signed separate production sharing contracts yesterday with America's Texaco-Chevron Langsa Inc and South Korea's Kodeco Energy Co. Texaco-Chevron Langsa Inc will explore and develop a 7,080 square kilimetre bloc, off the North Sumatra n coast, and bear full
      UPI  -  182 words
    • Article
      Lock icon Latest exporter to reduce oil prices
      188 2 Reuter MALAYSIA has become the latest oil exporter to cut its crude oil prices in the face of the world oil glut. Industry sources in Kuala Lumpur said yesterday that the state oil company, Petronas, cut the prices of Malaysia's high-quality light crude oil
      Reuter  -  188 words
    • THE REGION IN BRIEF
      • Article
        Lock icon FILIPINO JOBLESS
        440 2 Agencies THE PHILIPPINES' unemployment rate has risen from 4 per cent of the labour force to 5.4 per cent. Metro Manila registered the highest unemployment rate of 14.6 per cent, a significant jump from 6.5 per cent in 1979. Ministry of Labour statistics showed that 951,000 persons out
        Agencies  -  440 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      487 2 A top-level management conference on MERGERS ACQUISITIONS Juna 11 &12,1981 Shangri-La Hotel, Singapore A conference designed for Corporations Advisers Chief Executives Investment Bankers Managing Directors Commercial Bankers Corporate Planners Consultants Finance Managers Tax Legal Advisers Company Secretaries Merger Specialists Acquisition Specialists At this conference we bring you only the successful
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    • Advertisement
      Page 2 Advertisements Column 2
      184 2 Leader... Page I w rrv M K s 0 r. —tf py 4cj. ci. TT^Wj On (Sunday 10tb c fohy her something spec .from MlionQoldsmilhs At Million 'Goldsmith- won irill timl -omethm< Mother liki\s A uuie v nnmcnts li'hl ieieeller v await* her. T.' t'iufr we give hei something /i><>
      184 words
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  • OVERSEAS
    • Article
      Lock icon UK economy showing signs of recovery
      733 3 Reuter AFTER two years of the monetarist medicine of Prime Minister Margaret Thatcher, the British economy is showing signs of pulling out of its steep recession. Various degrees of cautious optimism are being expressed by government ministers, businessmen and economists, but they all agree
      Reuter  -  733 words
    • Article
      Lock icon COMPLAINT OVER CANADIAN POLICY
      107 3 Reuter THE European Economic Community has complained about the Canadian government's plan to increase ownership of the nation's oil and gas companies. The EEC sent a series of "sharper than usual" diplomatic notes recently saying the plan contravened international agreements on investment and competition, and Canada
      Reuter  -  107 words
    • Article
      Lock icon High US rates cause concern in Europe
      405 3 Reu ter SOARING US interest rates have caused concern in Europe but Common Market countries have failed to agree on a concerted policy as a prelude to trans-Atlan-tic co-operation to bring rates down. Contacts between EEC finance ministers had thrown up important differences
      Reu ter  -  405 words
    • Article
      Lock icon Opec may decree oil price freeze
      549 3 AP QATAR'S Oil Minister has predicted that Opec will decree a price freeze at its ministerial meeting in Geneva later this month. "I don't think the market will allow any decrease in oil prices. I believe Opec will freeze prices," Sheikh Abdel Aziz bin
      AP  -  549 words
    • Article
      Lock icon Soviet Union moving into centre stage of crisis
      342 3 AP BARRED from the main Middle East power game for four years of American-sponsored peace efforts, the Soviet Union is once again moving towards centre stage as the Syrian-Israeli missile crisis unfolds. Syria is Moscow's most important Arab ally, and the Soviets
      AP  -  342 words
    • Article
      Libyan diplomats ordered out of United States
      311 3 THE Ualtod States, aecaalag Libya at aapparttag lateraattoaal terrorism, ku ardered all Llbyti dlplamata to leave the UB. The arder feU ahert al a break la dtptomatte relattoaa hat US State Depart meat iptkeiou Deaa Flacker said US-Libyaa reiattaas were aaw at their
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    • Article
      Lock icon America urged to extend curbs on shoe imports
      286 3 AP THE American special trade representative has been urged to extend restrictions on shoe imports from Taiwan and South Korea for three years. The recommendation was made by House of Representatives Speaker Thomas O'Neill Jr and three congressmen. The International Trade Commission
      AP  -  286 words
    • Article
      Lock icon Third World against move to postpone talks
      282 3 AP THIRD World countries expressed dismay and disappointment on Wednesday at the Reagan Administration's proposal to postpone economic talks between rich and poor countries until late this year. In a closed meeting, some 150 delegations agreed without a vote to turn down a
      AP  -  282 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      95 3 "Having stayed at many Hotels around the world, I can only say Congratulations. Your Hotel makes a tired business traveller relax and enjoy every moment of his stay." k rf 9* .-j i m i rIN We couldn t have said it better ourselves. No other Hotel in Jakarta is
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  • RAW MATERIALS
    • Article
      Lock icon Self-sufficient India refrains from imports
      477 4 NYT IN ITS eagerness to protect India's newly won image of self-sufficiency in grain, the Indian government has decided not to purchase wheat from abroad. It is gambling that a good monsoon and record procurement from Indian farmers will restore depleted government stocks. At the
      NYT  -  477 words
    • Article
      Lock icon New trading patterns after grain embargo
      299 4 Reuter NOW THAT the United States' embargo on grain sales to the Soviet Union has been lifted, grain exporting countries are concerned with the smoothening out of world trading patterns. Senior officials from the US, Canada, Australia and Argentina meet regularly twice a year
      Reuter  -  299 words
    • Article
      Straits Tin
      90 4 THE STRAITS tin in Peiftig yesterday recovered four cents to M 528.61 kilo, but wns still In the Intera*tionftl Tin Agreement's lower range of $27.28 to $MJI, dealers said. They attributed the rise to renewed buying from Europe, the US and Japan, while steadier overnight London advices aided
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    • Article
      CLOSING PRICES
      34 4 Rubber: May 7 Singapore: May: 260.00 cents (down 1.00 cent) Malaysia: June: 273.50 cents (down 2.00 cents) Tin: M 528.61 per kilo (up 4 cents) Official offering: 224 tonnes (up 10 tonnes)
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    • Article
      Malaysian duty rates
      85 4 THE Malaysian Minister of Finance has fixed these rates for the period from May 7 until further notice: Batter: 267% cents a kilo for RSS One; Capra: MJ640.00 a tonne; Pain kerael: $965.75 a tonne; White pepper: $3,580.00 a tonne; Black pepper: $2,260.00 a tonne; The rates
      85 words
    • Article
      Lock icon Thailand's rice exports fall
      55 4 Reuter THAI rice exports last month dropped to 306,721 tonnes from 314,9U the previous month and compared with 320,266 shipped in April last year, commerce ministry statistics show. Total rice exports in the first four months this year were 1,280,747 tonnes compared with 1,396,985 exported in
      Reuter  -  55 words
    • Article
      RUBBER
      205 4 RUBBER prices in Singapore yesterday closed slightly lower with May One RSS buyers quoted at 260.00 cents per kilo, down one cent from Wednesday's close, dealers said. Morning prices were marked down slightly on some selling interest and lack of buying support, they said. Afternoon prices were about unchanged
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    • Article
      RAS PRICES
      308 4 RAS prices tn cents per kilo yesterday: flaw (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. DTomot f.o.b. 259 00 MOON 258.00 25S.00N Int. 1 R.S.S. May 261.00 362.00 260 00 ***** Int. 1 R.S.S June 255.00 255.50 254.00 24 JO Int. 2 RJS.S 227.00
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      SSR and SMR
      112 4 NOON SSR and SMR price* y<u •rdar RA8 SSR SSR SO O-ton pallet! (I too pallet) May (Carreat Buyer* Si 22*00 236.00 Mtk) illin 231 00N *****N Jul (PorwaH Mtk) Bayers Seller* 231.00 233.00N 228.00 230.00N M1UJ A ae J«ly SMRCV SMRL SMR 5 SMR CP SMR
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    • Article
      WHEAT
      184 4 WHEAT futures in Chicago on Wednesday closed 2V« cents a bushel lower to up 4 y« cents. Only spot May settled lower. Active exporter pricing of July prompted local shortcovering which held most contracts on the plus side, traders said. Steady commercial spreading against the spot contract, believed to
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    • Article
      SOYBEAN
      219 4 SOYBEAN futures In Chicago on Wednesday ended up 9Vt cents in spot May, to down 2V* cents in deferred May in moderately active trade. Heavy exporter bull spreading, buying nearbys/selling deferreds, prompted active local bull spreading which accounted for nearby strength and deferred weakness, traders said. This resulted in
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    • Article
      Produce exchange
      174 4 CHINESE Pniiee Exchange, Singapore, noon closing price* per 1M kg yesterday. Oroait «II: Bulk fob 5115.00 sellers, old drum (in second hand drum) fob 1128.00 sellers, new drum fob $134.00 sellers. Copra: Mixed (loose) 166.00 buyers. Pepper: Muntok white pepper fob Asia NLW $412.50 sellera, Sarawak white pepper
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    • Article
      TEXTILES
      194 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) CottM yam: China Blue Phoenix 20s 2,270; 32s 2,770, 40s 3.0» (per bale of 400 lbs). Piece gMds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      194 words
    • Article
      RICE
      326 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 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,
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    • Article
      LONDON MARKETS
      842 4 COFFEE: Robusta coffee futures yesterday closed around £2 higher to £2 lower with July last traded at its opening level of £1,072. Turnover was only 242 lots. SUGAR: Raw futures on Wednesday extended earlier gains in late trading but finally closed below session highs with pared on balance
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    • Article
      PALM OIL
      152 4 THE Kuala Lumpur crude palm oil market yesterday was mixed with buying interest centring on nearby May and forward positions continuing quiet, dealers said. In May the southern region closed Mslo higher at 1960 a tonne while central traded at the same level. In July the southern and
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  • ASIAN STOCKS
    • Article
      Stocks continue sharp fall
      459 4 TOKYO STOCKS yesterday continued to fall after Wednesday's sharp drop, led by big capitals, cars and other blue chips, dealers said. The market average rose sharply at the outset in response to the overnight steadiness on Wall Street and the yen's recovery against the US dollar,
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    • Article
      Hongkong
      264 4 THE market yesterday opened firm after the strong showing by HK shares in London. Early trading was very thin and the 11am index was up 7 points. Selling pressure increased as the morning progressed and all the early gains were given back at lunch. During the afternoon, volume picked
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    • Article
      Bangkok
      144 4 SHARE prices yesterday improved slightly in slow trading after several days of consecutive decline, dealers said. Ml SI at m m m m im a ♦i ♦is unch 1 unch ♦S 1 1 Omrml Ftowet Oood ymr Indo Tb*l us 1 Jtl* Pimttutn 1M Lamb Tbont Bank Lm Kvanf
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      Sydney
      144 4 MAT 07 C >nu INDU8TR1AL8 A C 1 m -I AW* unrh A. P. M. W" OB unch IN 141# SB -l« Bank NSW BormJ 1 I BrainMet C A HQ 44ft uoch -ft C 8 R. M Owl Alltad im HOCft Duntop MM- lod Hi KM ♦S -4
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    • Article
      Manila
      75 4 STOCKS yesterday closed lower as turnover declined to 1.1 million pesos from 2.4 million pesos on Tuesday, dealers aid. 1st Phil Holdings and Podco B were among gainers while Lepanto B and Basic were the losers with others either unchanged or untraded. mat m Nm Aco* Minim 00M uncfc
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    • Article
      Selected indices
      51 4 FINANCIAL TIMES INDUSTRIALS Wednesday 52-® Tuesday Wf-* Week Ago STB DOW JONB8 AVERAGE INDUSTRIALS Wednesday »7134 Tuesday Week Ago 1004.32 HJLHANG SENG Thursday JiiM? Wednesday JJJO-S 4 Week Ago 1424J6 AUSTRALIAN INDUSTRIALS Thursday I?®" 8 Wednesday 1S1J Week A«o mi ALL ORDINARIES Thursday 102-4 Wednesday 29?-? Week 40O
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      204 4 TECHNICAL REPRESENTATIONS WANTED: West German enterprise wants representations in Singapore for the following products: 1) Plate valves, regulating systems, control valves etc. for air-, gasand refrigerating compressors, brake compressors, air-condition-ing plants, piston-, vacuum and heat pumps The manufacturers of piston- and screw compressors as well as their users, p.e. the
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  • TRADE AND INDUSTRY
    • Article, Illustration
      An exercise in raising productivity
      470 5  -  By SIOW LI SEN A COMBINATION of Japanese-style exercises and local incentives may be credited with speeding up the development of a $150 million office and shopping complex at Thomson Road. According to the promoters of the exercise, Shimizu Construction Company, the most obvious improvement
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    • Article, Illustration
      PEOPLE IN BUSINESS
      173 5 INDOSUEZ (Banque de L'lndochine et de Suez) has promoted Mrs Gladys Chea Yaet ChNW to senior assistant manager and Mrs Letag Bee Bag, Mrs Kek May May, Mrs Lee Tack Paa to assistant managers. Mrs Chen joined the bank last year to take charge of the bank's
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    • Article
      TRADE TALK
      430 5 THE Singapore Insurance Training Centre will be holding the Unctad/UNDP seminar on motor insurance at its premises from May 25 to June 5. The two-week seminar will focus on motor insurance in developing countries in general, and third party motor insurance in particular. Two managers from the motor
      430 words
    • Article
      Good response from importers
      228 5 THE latest series of promotional advertisements undertaken by the Australian Trade Commission in Singapore has attracted good response from local companies. The series of four trading advertisements placed in local newspapers and magazines were intended to draw attention to Australia as a source of the products.
      228 words
    • Article, Illustration
      SHOW BRINGS $2.5 m OF BUSINESS
      197 5 FURNITURE companies sold more than $1 million worth of products at the Homemakers '81 exhibition which ended on Sunday. Sales during the eight-day exhibition of furniture, housewares and furnishings amounted to $2.5 million. A survey conducted at the end of the exhibition participated by
      197 words
    • Article
      McKim to make air filters
      279 5  -  By HSUNG BEE HWA McKIM Engineering, a local company, will soon manufacture air filters in Singapore under a licensing agreement with a large Australian company, Email. With the agreement, McKim will no longer need to import such filters from the Australian company for distribution to
      279 words
    • Article
      Centrepoint space well received
      296 5 STRICT sale and lease restrictions coupled with sale prices of up to $24,731 per sq metre (ailed to dampen demand (or shop space in the Cold Storage Centre point All retail space designated (or sale in the shopping centre have been sold while 80 per cent
      296 words
    • Article
      MEMO PAD
      563 5 BEMINABB AND COUBBES May 9: Employee Health Benefits Workshop, Suite 36C Waterloo Centre, Personnel Organization Development May 9, 16 k 23: The Secretary in Management Today, SIM Conference Room, Singapore Institute of Management May 9, 16 k 23: Tax Management, SIM Conference Room, Singapore Institute of Management May
      563 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      102 5 □lETHELM brings you the N0.1... 5 it *3R >Q Alandabvß&B n ji it DIETHELIVI The one name to remember for the best names in furniture. No.l at the Milan Fair I^us super lounge set create v j'te lost year It was widely accla of fir »e furniture Its unique v
      102 words
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  • Article
    What goes up must come down
    443 6 IT DOES not take great analytical powers to conclude that the Opec oil ministers' meeting in Geneva next month will not be followed, as has been the case time and again in the last seven years, by a further climb of oil prices up
    443 words
  • Article
    Japan must play a leading role
    285 6 THERE can be no doubt that the United States today is no longer in a position to play 'policeman' to the troubled world. In the aftermath of Vietnam, the American people opted for a foreign policy that kept the world's trouble spots at arms
    285 words
  • Article, Illustration
    Lock icon Thorn's Commission showing weakness
    937 6  -  JOHN WYLES examines the first tour months in power of the new European Commission, headed by Gaston Thorn, the Commission's President. Some of the 14 Commissioners seem to have been following lines laid down by their national governments leading to lectures by Mr Thorn on the
    FT  -  937 words
  • Article, Illustration
    Lock icon Community woes
    991 6  -  The Greek steel industry claims that the country's government has sacrificed it on the altar of Eurocratic tidymindedness. They see no reason why an industry that has run at between 55 and 65 per cent capacity for the last three years should cut back production by 25 per
    FT  -  991 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      634 6 CRYPTIC PUZZLE ACROSS 1 Twist out of one's pay? (5) 6 Tony is in Mrs Thatcher's cabinet (5) 9 Talk of a broken ratchet (7) 10 A misguided toady at present (5) 11 May be palmy in a big way (5) 12 Snooker crazy? (5) 13 Easy ones to paint?
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      64 6 BliStdW pes >cx> coomt TO 1 ONC OF those UXL'fe some.\ slßl(3s op SoRT CF GMCiSnnoPvSSy f\jT \NSiDf fOR Tv 4£, RC3PO'S V-40USC •JOURHPvL^yy CUPiSrTmPkS CCFOtCS bns soGGesTvg4S o ro?*o v VV DOM'T V<NIOoJ vm NOO <NCXO.. THfe. "M»NGSA LOMPtf'S THc. Ft£sT~~ Tv*\T to epiNG U3 Hen "V»«4G Npu Do
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      735 6 JYVF&IRWI A SECOND TONGUE WHAT weifln th era I wight's (ehaaael K, 1M), to A Secern* Tmgue ti the FiiMi Deptrtaort sf Ike Haltaari Ualversity tf Stanwf, to the ehalrmaa. stars Beae Aahcrjeasta Mi get m the TV Ms vie (ehuw Pivm. Bile Man fhyi a ael f, ll.M), «IM
      735 words
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  • Article, Illustration
    Do-it-yourself philosophy
    2361 7 TSANG SAU YIN CHATS WITH KENNY GOH, OWNER OF KEN-AIR WHEN most people are still pushing their way up to the top of their careers at 30, Kenny Goh is managing director and owner of Ken-Air, a travel agency that sits pretty on a gross turnover of $25
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  • Article
    Lock icon French unaffected by TV dabate
    820 7  -  FORUM with RICHARD EDER NYT AFTER Tuesday night's television confrontation between President Valery Giscard d'Estaing and the Socialist candidate Francois Mitterrand which was less dramatic and probably less decisive than had been expected the French presidential race has entered its final stages. Each candidate will
    NYT  -  820 words
  • Article
    Property prices and the foreigner
    273 7 r Letter to the Editor h u Dear Sir, It is trve tfcat tfce foreigner Is i*t ike mala ewe sf the rise la property prices bat, ties, his entribetisn etiMt be saM ta be aegiigible. The fact that all the bayers la the Brst
    273 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      112 7 F COURAGE CONFIDENCE LEADERSHIP OAUCMNE6C M Fumidrf 10 ways the Dale Carnegie Course helps men and women Acquire poise and confidence Speak effectively Sell yourself and your ideas Be at your best with any group Remember names Think and speak on your feet Control tear and worry Be a better
      112 words
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      Page 7 Advertisements Column 2
      350 7 Condominium situated between Honolulu and Pearl Habour W V c> 35»»4 Ik Iss? >w c few iK ••»»< It »<»• I n «*»kl k »•> ".3?> v% *v *NIW ■W imm MNiwmM< MMm »ai«i ymmi f—"it- tmmmiiia Features: Four units per floor Every apartment a corner unit with sweeping views
      350 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        174 8 MAY 06 FU >/- abn ***** >05 Ahold 70.00 I Akao 22.80 -0.4 amev 00.90 -04 Amfu 102-20 -0.3 Amrotonk 57 00 >02 43J0 -1 yw* 50.00 >07 BoU 54 10 -1.4 BorsumlJ 230 50 -13 Burhm&nn 00 JO unch Caland 34J0 -0.6 Calve Delft 308.00 -1 Deli Ml)
        174 words
      • Article
        Paris
        253 8 MAY 0* Fn CORBEILLE Air-Liquid* w •IS B 9 N Qerval* Danone U10 17 C 8 F 1 Thomson C*f) MB 1 Cte Francaiae de* PetrotM 1«S -a Compagnle Flntncltrc Compafnte 411 CtorMTM Credit Fonclcr De Prance 3MJ0 -ii Hachette (LI braliie) 315.10 -2.9 Machine* Bull SA -2J Mlchelln
        253 words
      • Article
        Brussels
        92 8 MAY 08 m FORWARD MARKET Aeee an -t ArDed 1M -S Ajtur sec -4 Brmjcmn loss •M Bni-Unb 1110 ♦a Can CMC 1441 Cock 10> -3 D* Bttra 305 •1 Ebe« 1000 -M Etecttotoel MM -M Ob-Inno-Bm M40 30 On 1464 •10 Hobok MM 3 4500 3S Ryl Dutch
        92 words
      • Article
        Frankfurt
        186 8 MAY 0* Dm Aaf-Talafunkan 51 JO 30 JOB una to A 111 Vm BASF Bu H T Wtank Bm Vtial B*y*r MOOO 120.00 lOOJOB moo 1&.10 2S0J0B 0 I 15 -10 ♦u BMW CumIII 110 00 maoB ♦a Ctvam Varw Commarsbank Contl Oumml Dtlmltr-Btiu ***** 131 JO 06 JO
        186 words
      • Article
        Zurich
        167 8 I5S5SHHRBS1 Alusulaae Rag Brown Bonn Br. Ctta OalC7 Br. Cite Oelfj P C Cite CMgf turn Credit Sulaa* Br Cradll Bulnf Ret DMlremtt Br Oeoi n Plaeter Br Olotous Pc 386 1MB 1210 MO IN m 4M MIS m MS ♦s *30 JO JO «s -1 15 1 Ham
        167 words
      • Article
        Milan
        91 8 Ante MO -10 Aaaoc Oen Baatofl Ccntraie 1SM90 Ml M10 -isao ■4 -336 rwt xm -00 rinaMar «7 1 Oan Immob 2S60 -30 mw lukwawnu mo MMO -10(0 1111 IUUtdcr 300 uneh Ma<ncu HPI UNO 1 Manui Rrc Madloh ZZ imeo -1080 Mlriltna alio +100 Mondadori WW Mootadan THM
        91 words
      • Article
        TORONTO
        197 8 MAY c% Abiutri Alcan Alfoma Bank Moot Bank Not* ScoUa Bell Tel Beth Corp BP On Ltd Bructn a* «>> 2» It* Z 40* 9* -«t -i* unch unch -k *>* •tt limp Red Lake Can Imp Bk Canpac ln» Pt Carting OXMlc Comlnco Com Bath Con* Martoenor Dankor
        197 words
      • Article
        JOHANNESBURG
        236 8 MAY 06 Rand INDUSTRIALS A Alpha *66 Abercom AE And CI m 800 -10 -M Aiiir MB -a Btrtovi CMnk Finance De D«t« Ind 1060 1M0 -M uncb OS no 3600 5 ->• Edcon Ml MM SO U 510 -u FUflt Outturn Otenanl Onlaon MO uncb ira uncb Hippo
        236 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      259 8 CMS'" The American Express Card serves you well, wherever good food is served". J. In I'ri™ 1 Getaway to Sentosa 12s o\. 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
      259 words
    • Advertisement
      Page 8 Advertisements Column 2
      104 8 For sushi. For teppanyaki. For other authentically Japanese delights. Open doilv: 12 noon 3p m 6.30p m 10.30p m. For reservations call *****7 ik I'llllll'V I *->l 14 *1*11(1 H I H 111America is not merely a geographical boundary America is a spirit the spirit of a certain race and
      104 words
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      Page 8 Advertisements Column 3
      104 8 &<{\@)$-{'}`*||-?~}]"{:&@~}}$/; TTie Great Family Do-lt-\burself Barbecue A \lerliri Grill Speciality From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before Only at the Singapore Merlin. Lunch from 12 noon 2.30 pm at $14 00 per head Dinner from 7.00 pm 11.00 pm at
      104 words
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      Page 8 Advertisements Column 4
      141 8 OQGGO Inn Of Happiness Dine Dine Cantonese style. 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. 2156 Be in vogue Library Very exclusive. Very
      141 words
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      Page 8 Advertisements Column 5
      116 8 u II •A This is Thai Seafood at its authentic best. So fresh, it could have been alive 15 minutes before coming to your table. It was. An enormous variety of succulent seafoods e«peniy prepared by Thai chefs in our kitchen Siamese Seafood Restaurant Cockpit Hold Oxley Rise/Penang Road. Singapore
      116 words
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  • BANKING AND FINANCE
    • Article
      Yen will be unruffled
      392 9 CURRENT high US interest rates are unlikely to affect the yea seriously as long as US/Japanese interest rate differentials remain within a reasonable range, Japanese officials said. They did not clarify what is within "a reasonable range," but said the present differential of 19 per cent
      392 words
    • Article
      Bangkok
      75 9 THE BANGKOK Bank cut its prime lending rate to 13 per cent from 13 Vi per cent yesterday. The bank is also reducing its fixed deposit rates across the board with one and three months down by V* per cent to BV4 and 9 per cent respectively. Six months
      75 words
    • Article
      Lock icon Labour crisis in Manila
      213 9 AFP THE PHILIPPINE banking industry is facing a labour crisis as a 20-member federation of bank unions has filed an industry-wide strike notice due to an increasing number of unresolved labour disputes. Despite the strike ban on vital industries the bank unions, through the National Union
      AFP  -  213 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        476 9 THE US DOLLAR continued to lose ground, although very slowly, against other major currencies in the local foreign exchange market yesterday. The US dollar opened at 216.50 against the yen compared to Wednesday's close of 217.00/10. Trading in the afternoon brought the dollar steadily up to 217.30/40 before
        476 words
      • Article
        TOKYO
        152 9 THE US dollar (or overnight delivery yesterday closed firmer at 217.06 yen, compared with a 216.50 opening here, and a 216.40/50 closing in New York and 216.40/55 on the West Coast on Wednesday, dealers said. But this was down from 217.35 closing here on Wednesday. Trading was active with
        152 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12.73 per cent.
        22 words
      • Article
        ASIAN $ RATES
        176 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on May 7. U8 DolUn(Saek) Offer BU 7 days 19'. 19% 1 month 19% 19V. 2 months 19 H 19V« 3 months 19% 19% 6 months 19W 19H 9 months im 1B% 12 months 18'* IS SvJn. Dm. IU1XI1. 1
        176 words
      • Article
        Discount
        47 9 RANGE of prtcaa often 4 by dlscount hoi— on May T: Overnight: to 6"^* Call deposit*: 9% to 6V.% CMai Bayia* 3-month S«lHaf Treasury bills 6W 6H 3-month Bank bills 9W 0* 3 months CD 811/16 0/16 6 months CD 913/16 011/16 Source: National Discount Co
        47 words
      • Article
        Frankfurt
        37 9 FRANKFURT exchanges opening quotes on May 7: US 2.2595/2606 Stg 4.775/785 Can -1.8843/63 DF1 89.91/80.05 S Fr 109.48/64 Lit 2.011/17 F Fr 42.28/36 N Kr 40.52/57 B Fr (con) 6.135/42 B Fr (On) 5.928/38 Yen -1.0445/58
        37 words
      • Article
        GOLD
        215 9 SINGAPORE gold futures yesterday closed generally easier compared with overnight levels after fluctuating marginally throughout in thin trading, dealers said. Total sales for the day was recorded at 39 lots while kerb volume was at 78 lots, they said. June closed weaker at U*****.00/50 an ounce against 489.80/490.00, August
        215 words
      • Article
        Silver quotes
        37 9 New York 10 92B 10 KB 11 US 11.14S Zurich 10.(OB 10.SOB U.10S 11.0QS Singapore Tkmn 10.80B Wil 10 KB 11.008 U.13S Closing pricw in US dollar* a troy ounc K. Source: Credit Suisse, S'pore
        37 words
      • Article
        LONDON
        129 9 THE dollar yesterday stayed firm in early trading, showing gains on late levels in the Far East as Eurodollar deposit rates opened slightly higher, dealers said. The dollar rose to 2.2645/ 55 marks in active but nervous trading from an opening 2.2637/47 and compares with 2.2595/2600 in late Hongkong
        129 words
      • Article
        HONGKONG
        104 9 THE US dollar yesterday steadied against other major currencies in late trading, after recovering from a slightly easier opening, dealers said. The US dollar rallied to a late 2.2595/2600 marks from an early 2.2571/77, and to 2.0600/30 Swiss francs. Sterling eased slightly to a late $2.1130/40 from an early
        104 words
    • Article
      NYSE closes slightly higher
      995 9 NEW YORK STOCKS on Wednesday gave up most of their earlier gains to close only marginally higher as investors remained concerned about the outlook (or interest rates. The Dow Jones industrial average was up a point at the close, after being more than six points higher
      995 words
    • Article
      Maybank pledges more loans
      258 9 MALAYAN BANKING wUI Increase Its Imm U Malayrim's agricaltaral sad raral lectors, its director Datak Hashlm Saltan saM. "la respaaae to the government's call, we are tacreaalag the strength aad qnality of ear bank's agricaltaral fiaaaee nalt," he toU partMpaato ef the third Ministry af AgriealtareMalayaa
      258 words
    • Article
      Office in Buenos Aires
      39 9 SUMITOMO Baak, ft m»Jar JftfftMM eammereial baak, will mm mm ft reprMMtfttJve afflee la Bmn Aire*. The «olee will gather lafannatlaa la Still America, laelailag ArgMtlaa, CUle ftad Uragaay, far Japaarr aa4 §Mta Amerleaa MterprlaM.
      39 words
    • Article
      Five-year US$25m FRCD issue
      486 9  -  By SIOW LI SEN BANCA Commerciaie Italians (BCI) has made its debut as an issuer in the Singapore-based market of floating rate certificates of deposit with a US$25 million paper. The five-year paper signed on Wednesday will mature on May 21, 1986. This is the first
      486 words
    • Article
      KL reform package plan
      718 9 BANK NEGARA may soon introduce a package of "incentives and disincentives" aimed at trimming excessive use of overdraft facilities and to promote more term lending. Ranking sources noted that R«nk Negara had said in its latest annual report that the unused portion of overdrafts "continued to
      718 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      74 9 X IPI jmf W 1980 HIGHLIGHTS Business Volume up 41% Total Assets increase 43% Customer Deposits rise 63% Service Network in South and East Asia continues to expand with new branches in: India (Bombay), Sri Lanka (Colombo), Taiwan (Taipei) and a representative office for Australia and New Zealand in Sydney
      74 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1885 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 INDUBTBIAL COMMERCIAL Acs a (158B)(1)1M(4)3M(2)
    1,885 words
  • Article
    Unit trusts
    160 10 SNOAPOU UNIT TMJR (Mmiw 1 friM kf M*j 8) The Commerce 4.11 4.32 The Savings Fund 117 138 S'pore Prog Fuad LTl 1.82 S pare Sec. Fund 2.M 2.80 S pare Invert Fund 2.56 181 S pare Equity Fund 1.04 1.72 OCMONTMll js&isrttsrx* MM BOND UNI* (Cm lit
    160 words
  • Article
    SHARE INFORMATION SERVICE
    2748 10 1M1 High Low Coapur Gr'» Gr'» Net Last Div Div YTd P/E Vol Day Sale +«r- Crr COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 716 334 312 420 200 960 960 430 320 Acma Alcorn 130 Allied Choc 161 BAT 330 Bala 110 Ben Berjaya Kawat
    2,748 words
  • Article
    In Kuala Lumpur
    1901 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. MwmuiJ AIM (1MB) (7) L 8 (1) 18 (S) aa a cm
    1,901 words
  • Article, Illustration
    Blue chips manage to stay ahead
    617 10 THE MARKET apeaed sa a mixed aato with aacertalaty plagalag the sriad sf maay aa la vector. Veiame traded was relatively tow, ladfeatiaf traders' retectaaee to deaL seme hcttor'stoefcs rhalHag ap geed galas aad the Straits Tlaias ladastrlal iadex rj>ase|seatty rsae LSI psfarts to
    617 words
  • Article
    Kuala Lumpur ends steadier
    550 10 SOME mid-morning support helped to close the market on a slightly steadier note on the Kuala Lumpur Stock Exchange yesterday. Wednesday's easier close did not affect sentiment greatly as opening levels were held steady. Buyers clearly had the edge towards the close of the first session
    550 words
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  • COMPANY NEWS
    • Article, Illustration
      Intraco sets its sights on China
      1118 11  -  By CHRIS LIM INTRACO is confident of continued growth this year as it further consolidates its export drive in overseas markets and diversifies its activities. Last year, the international trading group boosted its consolidated pre-tax profit by 17.8 per cent to $6.55 million from
      1,118 words
    • Article
      High and Low land acquired by government
      564 11 MORE land with property development potential in the Klang Valley belonging to Highlands and Lowlands is to be compulsorily acquired by the Malaysian government. High and Low chairman Syed Mahmood bin Syed Hussain disclosed in his latest annual statement to shareholders that a
      564 words
    • Article
      M BANKING BRANCHES
      382 11 MALAYAN Banking will open up more branches in rural areas in Peninsular Malaysia as well as Sabah and Sarawak as part of its plan to consolidate its domestic base and expand coverage of banking services. This is one of four targets the will work towards as part
      382 words
    • Article
      OUT FOR NEW AVENUES
      290 11 OVERSEAS Union Trust expects further growth in its hire-purchase and mortgage loan financing operations in the current year. But while both these two fields of business are expected to contribute quite substantially to the earnings, "efforts will continue to be made to explore new avenues of
      290 words
    • Article
      COMPANY MEETINGS
      166 11 GENERAL CSramles Berhad: AGM to be held at the 7th Floor, AIA Building, Jalan Am pang, Kuala Lumpur on May 9 at 11 am. DUNLOP Estate* Berfcad: AGM to be held at Bastion House, 8 Jalan Kota, Malacca at noon on May 12. RRITISH-Amereiaa Mmm Cempaay (Singapore) Limited:
      166 words
    • Article
      Taiping Textiles turns in lower earnings
      304 11 TAIPING Textiles has turned in lower pre-tax earnings for 1980 in contrast to the generally brighter performances achieved by a number of other textile companies recently. Audited results for the year ended Dec 31, 1980 just released showed its net profit was down to
      304 words
    • Article
      Arbuthnot advice
      173 11 ARBUTHNOT Latham, financial adviser to SPP Ltd, has strongly advised shareholders against taking any action until they receive specific advice on the takeover offer by Chevelina (Pte) Ltd. In its statement yesterday, the merchant bank said that since no less than 50 days have elapsed following the first
      173 words
    • Article
      Pleasant surprise from Matsushita
      324 11 ELECTRICAL home appliances maker Matushita Electric Company has pleasantly proved wrong its own forecast of 1900 earnings. Contrary to its earlier expectations that 1900 would not be an easy year with a squeeze in group profit margins foreseen, Matushita yesterday turned in a set of bright
      324 words
    • Article
      NSOP SUFFERS PROFIT DOWNTURN
      207 11 NEGRI Sembiian Oil Palms (NSOP) has reported a profit downturn for the year ended Dec 31, 1900 despite the slight improvement noted at the interim stage. Unaudited results released yesterday showed the group suffered a 15.32 per cent fall in pre-tax profit to M 58.93 million
      207 words
    • Article
      Lock icon Chemical action
      516 11 mm*** HOCK LOCK SIEW LITTLE-HEARD Chemical Industries (Far East) Ltd has been doing well for itself. Quietly and unobtrusively, the share price has been moving steadily upstream, from around {2.40 in January to yesterday's closing of $4-72. Many have Jumped on the bandwagon in the past few days,
      HOCK LOCK SIEW  -  516 words
    • Article
      COMPANY BRIEFS
      365 11 PERAK CARBIDE has replied to a KSLE query concerning its proposed Joint venture with Lau Geok Swee and Co Sdn Bhd (LGS) and Tai Seng Rubber Co Sdn Bhd (TSR) to develop 78 acres of land in Penang. Perak Carbide said that for the first housing development project,
      365 words
    • Article
      DIVIDENDS ANNOUNCED
      991 11 i! Kx Data Ctaee Data Payakle MM tar the year 1 Ale* iSeir*" fflr -1 B Bays CI«H g% v niHnHi Cttjr Dtv Mi Stance DIB Mm W F Merita GKUto OCmtaH Oeerge Keat OeMCeta n j-„ j fTi jj. ufvvwiii rvi IN* HUM Haw Par DflALw H
      991 words
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  • Article
    Easier admission for children of expatriates
    343 12 EXPATRIATE children 13 years and under will have less difficulty in finding places in primary and lower secondary classes come October. This is because International Preparatory Schools Pte Ltd, which runs the Dover Court and Singapore Preparatory Schools, will open up another 240 places
    343 words
  • Article
    Lock icon Asean nations' stand on Kampuchea
    139 12 Reuter ASEAN countries yesterday appeared divided on the extent the group should go in aiding a united front of resistance groups battling Vietnamese troops entrenched in Kampuchea. Foreign Minister S Dhanabalan said Singapore would back the supply of arms to the Kampuchean resistance to oust
    Reuter  -  139 words
  • Article
    Choon Bee discharged on tax evasion offence
    283 12 CHOON BEE Enterprise Pte Ltd, charged with attempting to evade income tax, was yesterday granted a discharge not amounting to an acquittal by District Judge Soon Kim Kwee. Also granted a discharge was Tinsan Realty Pte Ltd, charged in the middle of last
    283 words
  • Article, Illustration
    Lock icon Hussein Onn plans to call it a day
    414 12 HEALTH REASONS CITED AFP MALAYSIAN Prime Minister Datuk Hussein Onn. who underwent a coronary bypass operation two months ago, is planning to step down from office for health reasons. Datuk Hussein will announce his decision not to stand for the presidency of
    AFP  -  414 words
  • Article
    Bumiputras who sell shares for fast profit
    346 12 BUMIPUTRA Individuals should not be prevented from acquiring and owning shares if Malaysia is to realise an equitable distribution of wealth. Datuk Sen Dr Mahathir Mohamad, commenting on the Umno Youth's claim that restructuring foreign companies only give their shares to bumiputra trust
    346 words
  • Article
    Lock icon Committee to monitor work on Pacific Basin
    339 12 AFP THE PACIFIC Basin Economic Council (PBEC) yesterday passed a resolution aimed at pressing forward with the concept of a Pacific Economic Community. At the final session of its 14th annual meeting in Hongkong, the council resolved that a special committee be appointed
    AFP  -  339 words
  • Article
    Lock icon CLEAN-UP CAMPAIGN AT PERTAMINA
    145 12 UPI THE NEW president of Indonesia's state-owned oil company has begun a clean-up campaign, firing several employees linked to a recent oil theft. Two high-ranking officials and six other Pertamina employees have been sacked for alleged involvement in the theft of large amounts of oil stocks
    UPI  -  145 words
  • Article
    Lock icon BRAZILIANS CONSIDER PHILIPPINE BASE
    107 12 AFP BRAZIL is eyeing the Philippines as its commercial base in South-east Asia. A 40-member Brazilian trade mission will look into the prospects of establishing the Philippines as the centre of its operations in Asean. Trade Ministry officials in Manila said they will make every effort
    AFP  -  107 words
  • Article
    LONDON STOCKS
    801 12 LONDON, Thurs. Share prices continued easier today though closing prices were above the lows, dealers said. At 3pm, the Financial Times index was down 6.7 points at 563.9. Equities drifted lower until small buying orders, notably in electrics, moved prices above the lowest levels towards the end of
    801 words
  • Article
    Lock icon DOW JONES MIXED
    87 12 AP NEW YORK, Thurs. The stock market opened mixed today, after halting a broad six-day slide yesterday. The Dow Jones average of 30 industrial stocks slipped 0.45 paints to STUB in the first half hoar, but gainers hekl a slim lead over loaers among NYSEUsted issues. Rising
    AP  -  87 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      346 12 GROWTH REBOUND POINTS TO MAJOR RESURGENCE IN STOCKS Multiple gains in selected U.S. equities Only the beginning of broad outbreak in prices Anyone who still falls to see that the U.S. stock market is In the early stages of an advance unprecedented since the late 1980s Is a victim of
      346 words
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      Page 12 Advertisements Column 2
      1 12 Secptge!
      1 words
    • Advertisement
      Page 12 Advertisements Column 3
      233 12 Haawaail m m w «5Ji nr» t-a 4 1 ?> r s\>C y j <ir > ■3±&'. 4* m •i y in everv SW6AFOKE TEKNISKIL (PTE) LTD. Regional Office: 402, 4th Floor, The Glass Tower 180-E, Clemenceau Avenue, Singapore-0923. Tel: *****51 Telex: RS ***** Offices in Malaysia Brunei Indonesia oil-Industry
      233 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      65 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several areas from midday morning. Report for U hears prier to 7 M pm m May 7 at the •irperi. Maximum temperature 31.2 Associated humidity 60 Minimum temperature 25.2 Associated humidity 98 Hours of sunshine 5.00 Rainfall in
      65 words
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  • SHIPPING TIMES
    • Article
      TMNC plans to expand its fleet and routes
      303 13 THE state-owned Thai Maritime Navigation Co (TMNC) plans to add container ships to its fleet, open up new routes and operate tankers over the next five years. This ambitious plan has been incorporated into Thailand's National Economic and Social Development Board's fifth
      303 words
    • Article
      Lian Soon buys 2 semi-container ships for ME run
      539 13  -  By JAN LEE LIAN Soon Shipping of Singapore has bought two semi-container ships to extend its Colombo/Bombay/ Karachi service to the Persian Gulf later this month. The vessels, the Historian and the Magician, were bought from Charente Steamship Co Ltd of
      539 words
    • PORTSIDES
      • Article
        Experimental sails
        84 13 CERES Hellenic Shipping Enterprises of Piraeus has commissioned Wind Ship Development Corporation of Norwell, United States, to fit two contrasting types of sail to two of its fleet of 3,000 dwt general cargo vessels for experimental purposes. One vessel is to be fitted with a conventional style of
        84 words
      • Article
        Lock icon Daiwa bankrupt
        100 13 AFP DAIWA Navigation Co, the Osaka-based operator of Japan-Taiwan and Japan-Southern Pacific Cargoliner Services, has gone bankrupt with its liabilities totalling U5564.2 million. The debt-ridden company applied to the Osaka district court in February 1978 for rehabilitation by means of composition proceedings, a settlement through compromise with the
        AFP  -  100 words
      • Article
        Lock icon Seoul's order book
        94 13 AP FOREIGN ship orders received by South Korea totalled 557,000 tons for 25 ships, valued at US$BO2 million, during the first four months of this year, the Commerce and Industry Ministry reported. The January-April tally compared with last year's 367,000 tons for 28 ships, valued at $283
        AP  -  94 words
    • Article
      INDEX TO ADVERTISERS
      688 13 Shipplag liae P»ge C«l Achipele*o Adriatic Afea Afro-Eurasia Al Navigation Alfred CT All tram AJJ*C Angkutan Angooave Anharn# ANL An toil APL Argentine ASCL Alia Merchant Bait-Orient Bangladesh vn VI VI VI VI vm VI VI VI V vm I vm m IV m VI vn VI
      688 words
    • Article
      New Soviet port in Far East
      335 14 THE Russians have built a new port on the northern coast of the Sea of Japan with the aim of making it a significant part of the Far East's timber industry within the next few years. Located at Plastun, it will serve both sea-going
      335 words
    • Article
      Container Schedules
      929 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Lines Operatn Arrival Date Time Green Fortune 71-13E 7.5.81 1400 Green Asia TA 4 TT Bunga Penaga 18B/19A 7.5.81 0700 Ned-EAC TA 4 TT Sirl Bhum
      929 words
    • Article
      LONDON FREIGHTS
      1431 14 QUIET chartering wu seen throughout all sectors of the freight market on Wednesday with rates generally showing little change. A steady US$l6 was paid for grain from the US Gulf to Seaforth in May. while wheat from the US Gulf to Maracaibo paid 126.75 for May loading. In
      1,431 words
    • Article
      SHIPS IN PORT
      513 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Builder (0700 after Henson) 22 Hue Yuan Kou (Ro/Ro) (1000 must starboard alongside) 47 Han Soo (2300 after Hsi) 40/ 41 Irenes Ideal (1800 after Kawana) 35/36 noluta (0700 after Rajah Brooke) 20 West Nittoku Maru (1000 after Cherry Ruby) 13/14 Peter
      513 words
    • Article, Illustration
      Sell-propelled barge
      207 15 SINGAPORE rig builder Promet Pta Ltd recently launched its second self-propelled jack-up well-service barge named Frank Purkey. Built for Sun Contractors, a subsidiary of Otis Engineering Corporation, the barge is slated for delivery at the end of this month. The Frank Purkey measures 110 feet X 50 feet
      207 words
    • Article
      UAE offers Oapec giant drydock
      263 15 THE United Arab Emirates (UAE) has offered Arab oil-exporting countries a giant drydock that has not been used for two years. UAE Oil Minister Mana Said Al-Oteiba made the offer at a ministerial meeting of the Organisation of Arab Petroleum Exporting Countries (Oapec), its chairman
      263 words
    • Article
      Lock icon Chinese ports congestions
      160 15 AP CONGESTION has been eased by stepped up loading and unloading operations at the Chinese ports of Shanghai and Lianyun, 450 kilometre to the northwest, China's official Xinhua News Agency said on Wednesday. In April, Xinhua said, 172 ships engaged in foreign trade were loaded or unloaded
      AP  -  160 words
    • Article
      SeaLand's operating profits increase by 9pc
      309 15 SEALAND Service Incorporated, the shipping subsidiary of US tobacco giant RJ Reynolds, increased its operating profits by 9.9 per cent to US$l4.4 million in the first quarter of 1961. This is a three per cent better than growth achieved over the whole of 1990,
      309 words
    • Article
      Stricter surveys by classification societies
      825 15 THE INCREASINGLY worrying casualty statistics of the last couple of years have worked as an effective catalyst in stirring up the continuing arguments over sub-standard ships. Port states in Europe, the US Coast Guard and several international shipping bodies are leading the fight against sub-standard
      825 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1077 19 SCHEDPLE 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
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    • Article
      ORIENT EXCHANGE
      1007 20 THE freight market for both small tankers and dry cargo vessels is excellent (or shippers in South-east Asia and as well as internationally. Shippers can expect most freight rates to remain steady with the exception of the transPacific routes. Rates will be going up across the Pacific as
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  • Page 13 Advertisements
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      386 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED./U.K. Singapore Tel 9'VI)IV Port Keiang Tel *****1 Kuala.Lumpur Te1'***** Penang Tel *****6 4§» I RI) 1\ 1 \\l A H Orient Overseas Co*itoi*teA. Line FULLY CONTUOtSED *I."—TlMjr*' EfUKCMMTM »«fwt 9/5 27/5 28/5 30/5 1/6 4/6 wmmcmam m ivs 2/6 3/6 5/6
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      398 13 HSEALORDO UASC UNITED ARAB SHIPPING CO(SAG) EXPRESS MULTI PURPOSE SERVICES Loading tor t Hi nil Ihild Mr Kmmt 3/0. Ommmm (S/C). (J/6). Dota (12/6) Dotoi (15/ i Mm Dtato l»/6 AccvtM BtcAJmA Ortr 41 fob? Mwrt (14/0. B*ran (17/1). (Ma (20/6). Mm Otati (23/6). I Onto <22/6). Damnum (25/6). Ku«rt
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      1 13 mure
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      714 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****' Port Ke*anq Tel *****1 Kuaia Lumpur Tel ***** Penang Tel *****6 n*r MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: UJS. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS Vessel *****31 Siiftpce 12/5 19/5 26/5 1/6 9/6 15/8
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      792 14 MISC Ifi MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERN AD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 0449, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** Cmtmm Soniice CONTAINER SERVICE 2/6 4/6 N CRYSTAL Sadad Saded 9/6 11/6 IUTUMW SaM SaM 30/6 2/7 WHO* 7/7 9/7 SEIAWA 15/5
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      232 14 BBS SUPERCARRIER SERVICE FROM: US QULF US ATLANTIC EAST CANADA 11/5 IV* 11/5 1W a/5 rtfii/I i/» n/i iv< •HAMMER MAMA" fey 17. "TALiSMAM" Ear a "SAMBEM PEMSEUB" tta, a. "IMKR »KBl Mi mat BIM MMK IT MS TIMNL 9000M147 TO: PANAMA US ATLANTIC EAST CANADA US QULF BTHEUB" Im
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      705 15 Overseas I II I Containers v Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok cowwnoHF some TO UK/ •rial Bra* IT tea IMr 11 Mm 12 lb* ua* na* ua* an II tm llMnllMe» Ibp«i am, am,»m, f U«l| rpon M Pate kM
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      377 15 rfo Franco Be I c//an Serv/ces *im <t Fi'- Ft. H. Air. t F <*.»»: I.m*< n aw mi a mow KPTIM CMBCT fSf" 'fMay" lOKM CHANCE l(Hq 15 May SEVEN SEAS MH 23 M* 24 May PCVAUEI toa 11 May 1 Aw U Hawe R'Mr KW| BKma iMf am
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      730 16 Hapag-Lloyd TO MOUTH EUROPt toaalin Mmmm Eifrtw Kawga Mm largi Ba< C#T at E*targ* TO MEPITERRAWEA CfcavMar «M Cfcaralar D« Has IE S pore PAelang I ""barg B ha»en 13/5 15/5 18/5 20/5 Spore PK f>en B*lbao Gtnoa H'burg Bhaven Rdam Antwerp fit* Rrtman MfWt 8/6 15/6 4/6 Wdertaan 17/5
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      569 16 LINE KOREA ZZ° P. Ketonf PENANG STORE ILTMR 163W 22 26 May 27-29 May 1-4 Mne FROM BUSAN BANGKOK M.TAIR 164E 22-26 May 27-29 May 1-4 June TO BUSAN ftGA 161N 22-26 June 27-30 June 1-4 July FROM BUSAN BANGKOK KGA 162E 22-26 June 27-30 June 1-4 July TO BUSAN
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      648 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. GOTHENBURG. AARHUS, COPENHAGEN HOLLAND SRfSTOAM S'pn MM Hantai Irftrtan fArim Mm r» It H»w« Im *tm 14/S V( 7/1 VI 11/ l
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      843 16 Everett Lines Smgtk Burmi Fivt Star Shipping Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON Span PJlriMi *—t MTANTAimiA ff3o2/9 HIT n«SHNECv«imM «/u mt MTOKTM 12/15 Ifcy nCM/MM 23/2* Iky BFSSC Agents m Mokjyita BOUSTEAD SHfHNG TTL NOS KL *****2/*****9 c Com pa km Argentina Oa Mtvaaacton Intarcontinantd S. A. C.I.
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      380 16 r IHO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD SANKYO LINE JAPAN/STRAITS SERVICE OBN. KBITS t&l ocean svns untwiuiu m ire smarm m 22*1144/7125*1370 I. UM m *****4. *****1 ocean smppk rrac m *****44/7 muli comma p. clans ra. tMi mn/* east um strme m 3M7J2/3/7251 mum ikmx t timopcrt m vm
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      916 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HOOEIOAH. JEDDAH AQABA (Reefer Cntrs Acceptable) TTm ■uini S'PORE 11-12/5 13-14/6 17-18/7 IST CALL COLOMBO 18-17/5 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 AQABA 28-28/5 1-1/7 4-4/8 2ND CALL COLOMBO 7-8/6 11-12/7 14-15/8 13-14/6 17-18/7 20-21/8 y.I?TB S.E.A. Container Feeder
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      1104 17 LPT*: BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE to cam Kivama Mara Kisuf i Mm larp Bay CJlyrfEMMrp Br«n*n Eipreu Pn( Ham Bha»en Rdam farrty k( 12/5 taw Eipresi 10/1 12/1 13/1 G*y Act 20/5 larp Bar 19/1 11/1 CMrry Bwfa 21/5 C*y 1 E*M»p 25/1 27/1 2t/C FROM
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      510 17 m f 7 i A i i Lr I 1 Scan Dutch V WEEKLY EXPRESS CONTAINER SERVICE TO MED/UK/NC/SCAN Spore I l)lTMla2)r<v 3)Kbw|4)C't ftNAGA I* fort I OMU 15/5 I KNAG* a/s I MM 21/5 PfNACA 5/ft NED HOCMN f TOYmSi K* >•/{ 1/1 2/« 4/6 1/6 1/6 11/6 a/5
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      500 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNON I S. AFRICA A VESSEL Sport: 1/2 June Also occepting FCL containers. (loading direct tar Durban and Capetown only) Linos U.S. WEST COAST SERVICE Otart from SfO I bed SPORE ASHLEY LYKES SM Sid 30/5 LESLf LYKES 17/6 14/6 15/7 tof S tie
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      909 18 Page VI X* "K line KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES Nord Bit V-i tut* feeder itwk ah* tititbk on raptst accartaWt OikM. Vancouver Ptrtland. Houston, Gahreston. Ne« Orleans BntaT St Wit NtrWk. Bata». Sa»a«alv TO EUROPE S pore P Kelang I Havre R'dam H burg Bremen A »erp
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      670 18 ar CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE lM*t t» 10$ ANSELES SAN FRANCISCO. SUTTU IKON*. »«ICOWI It Acc*ta| Fa/Fa Cortmtn P Mvt StffUKKt I «SHH NMt" 13 Mm 14 May 10 Ara •whm mural*- »tm io imm AUSTRALIA EXPRESS CONTAINER SERVICE Accaptiit Fa/fa Canlaran PManf Spote Bfi Mrtb Met
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      659 18 O S^(il'Olll) SINGAPORE SHIPPING AGENCIES PTE LTD 20TH FLOOR OCEAN BUILDING SINGAPOHE 0104 MARKETING *****? 13 LINES) GENERAL *****1 114 lINE SI TERMINAL Or f ICE *****83 TELEX RS ***** RS ***** A B CARSHIP CABLE CARGOSHIP HjLU' (luiitiiiiicr Lines WEEKLY CONTAINER SERVICE to/from BANGKOK 14/15 17/11 *2/23 24/25 30/31
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      658 18 KORINS MARITIME SERVICES ft Room 601. ICB Building Shenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4 *****5 MIDDLE EAST/RED SEA/EUROPE SERVICES WJk SAM ICfc LINES \f~\ A member of H»e SaiMck Srvup el Companiei IKH SERVICE FROM KOREA/TAIVf AN/HONG KONG TO SING WOW Busan Kfeint HKong 5 May
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      696 18 INTRASEA (PTE) LTD Faber House. 2ME Orchard Road Singapore y Telephone *****1 1f*****57 RECULM NOODOrr service TO furope S pore P Ktianf Pwane Lm*C tar AMANGEL HARMONY R»lo#._„ 10 May 13 May RDAM/SOULOOC/ UK (AVON) NOR ASM 8800 l 5 Jun I Jun BOULOGNE/IK (AKON) NORASIA ***** i U 9M
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      473 19 TO EUROPE/UK (VIA SUEZ): K. CHANCE 3W S.S BMDGE »W~ C. ROZE 25* K. JACEWON 13W. TW BMDGE 6W..... MERCATOR 23W... Also accepting cargo to/from Scandinavia K. CHANGE S'pore Closing Times: FCL Cargo 0900 13/5 LCL Cargo 2100 12/5 FROM EUROPE (VIA SUEZ) LCL cargo acceptable to Seattle, Oakland, S.
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      330 19 MALDIVE LINES ETA ETA ETA STORE KUANTAN PORT KEL AUG MALDIVE mmOUR 15/5 12/5 18/5 Loading For Muscat/Dubai/ Abu Dhabi/Dammam MALDIVE PIONEER 15/5 Loading (or Jeddah MALDIVE mm 17/5 Loading for Jeddah MALDIVE UWTY 12/5 Loading For Karachi MALDIVE RffORTER 20/5 Loading For Male MALDIVE PEACE 12/5 18/5 Loading For
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      475 19 M.V. KOWLOON VOYAGES arrived 9.4 J1 H PU OODOVN M Gnnil survey on damaged cargo (hachArged ex the above vensel wtil be held on Monday 11th May IMI as from 9.00 a.m. to 13 noon No further survey wUI be held after this date. BYBONGWILL EYmriß (PTB) LTD TEL: ttO*44
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      680 20 PRACHT L>—J (MALAYSIA) Pracht SDN. BHD. REGULAR INDEPENDENT CONSOLIDATION TO THE FOLLOWMG PORTS:VflULt LOAOMQ FOR ■7 A FORT KKLANG tO/5 13/5 27/5 8/6 Colombo, Bomboy, Karachi 1/5 14/5 19/5 22/5 Hoog Kong, Ta«on, Manda 24/5' 26/5' 28/5! 31/5,' 4/6, 12/6 Tok Yokohama, 9/5. *14/5. 20/5. 24/5, 26/5 KfLwp«. Contra. Pom
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      332 20 (At »N IfNGKI) RADAR PORi HEt Am IS SFI ANGOR MAI AYSIA HAJ SHIPPING SDN. BERHAD i Express Umttoad Service from P. Kelang i east Malaysia Brunei HAY ATI V: 7/S1 HAY ATI V: t/Sl HAY ATI V: »/»l HAMDAH t. t/Sl HAMDAH V: 9/11 HAMDAH V: 10/11 f. KELANG
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      229 20 SL WOOD LINE Bulk Timber and Plywood Service LOADM6 FOR NANTES/RDAM/TIRURY (Other UK destmtiom acceptable) Vessel Spore PKelang Tg. Mani GRAND GLOBE WL 003 In Port 16/5 12/5 WL 004 25/5 21/5 10/5 SLKR PWE WL 005 25/6 15/6 20/6 General Agents Wood Line (S) Pte. Ltd. Tel. *****11/*****93/*****42 K.
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      368 20 KAWASAKI KINKAI KISEN KAISHA. LTD. Japan/straits/japan Fully Containerised Service Vessel Tokyo Kobe S pore PKeUnt Peiung S pore Tokyo tote NORDSTMV3 27/4 24/4 14/5 12/5 13/5 15/5 21/5 29/5 NOK) BAT Vt 12/5 13/5 22/5 23/5 24/5 24/5 5/4 4/4 MCNUE: bmntui SM *****4/*****5 MALAYSIA: Hantaan I CmSaM KL *****
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      181 20 REGULAR NON SERVICES LDC owes VESSELS SAGASIA PTE LTD. (LOU* ««VFU* OWUFOF COWAM*SI 1* ms» <s BJW Ma.rftiMiniK- win mSk rgjy P.T. PORODISA RAYA \Vr"~ SHIPPING LINES /Europe**?* Service/ MONTH. T IMO/nWRWAOCS SWAtt WWA/ KMKW« TO WST KOIEMKM fORIS (MDONESMN OMCO WSSLS) HI BKY MM piw) M |W—IfIJWPIW). MM*. .ivan*
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  • Page 20 Miscellaneous
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      139 20 Regional weather Us m M tk T*r G l 9WV <* SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.90 AJA.TMS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed to knots Wave height Cloudy Sky Sufaee winds an MliiM by arrows which fly with the wind (o) One
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