The Business Times, 10 June 1981

Microfilm: NL11165
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 WEDNESDAY, JUNE 11, 1981 60 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Dollar falls sharply
      70 1 AP FRANKFURT, Tues. The dollar fell sharply on West German money markets today, dropping from a morning high of 2.43 marks to a fixing of 2.37 amid speculation that the central bank would intervene to support its beleaguered currency. A Bundesbank spokesman denied as "pure fantasy" rumours
      AP  -  70 words
    • Article
      Lock icon Living in poverty
      76 1 Reuter JAKARTA, Tues. About 44 million Indonesians, or 30 per cent of the total population are living in poverty, with an average monthly income of 5,000 rupiahs (US$B) a person. A Social Ministry official said many of them are farmers, labourers, teachers and low-ranking government employees. Director-general
      Reuter  -  76 words
    • Article
      Lock icon Absorbent for uranium
      73 1 Reuter TAKAMATSU, Tues. Japanese researchers have developed the world's most sophisticated absorbent to extract uranium from sea water. The absorbent was developed jointly by the government Industrial Research Institute, the University of Tokyo's Institude of Industrial Science and Mitsubishi Chemical Industries' research institute. The absorbent, made from
      Reuter  -  73 words
    • Article
      Lock icon Earth satellite burns up
      65 1 Reuter NEW DELHI, Tues. India's second earth satellite failed and burned up in space yesterday without completing its mission. An Indian Space Research Organisation (ISRO) spokesman said that the 38kg satellite Rohini, which was launched by a 17-tonne fourstage rocket from an island in the Bay
      Reuter  -  65 words
    • Article
      Lock icon Defiant reaction
      86 1 Reuter BEIRUT, Tues. Iraq expressed defiance following Sunday's Israeli air raid against a nuclear reactor near Baghdad, while Syria warned that Israel's nuclear installations were not safe from attack. The newspaper of Iraq's ruling Baath party, Al-Thawra said the raid would only increase Baghdad's determination "to persist in
      Reuter  -  86 words
    • Article
      Lock icon Export curbs scrapped
      62 1 Reuter JAKARTA, Tues. Indonesia will scrap all curbs on exports of industrial products to help expand markets. Trade Minister Radius Prawiro said export of such products would not be restricted even to meet domestic shortage. Shortages would be met by imports to protect export markets abroad but
      Reuter  -  62 words
    • Article
      Lock icon More Japanese robots
      63 1 UPI TOKYO, Tues. Japan produced 19,000 industrial robots worth 78.4 billion yen (US$342 million) in fiscal 1980, up 85 per cent from a year before. The Japan Industrial Robot Association today said domestic and overseas shipments of robots in fiscal 1980, between April 1980 and March 1981,
      UPI  -  63 words
  • Chief Priece Changes
    • Article
      SINGAPORE
      131 1 Rises Indices M U I C Sugars C K Tang 2000 1850 780 90 70 55 BT Indicator: June« June 9 *****.43 *****4.79 Rothmana 920 50 Industrials: 890.30 896.84 J Cement 580 45 Finance: 1875.08 1864.36 U M W 525 41 Hotels: 1323.22 1330 96 Metro Hldga O U
      131 words
    • Article, Illustration
      KUALA LUMPUR
      156 1 Rises Indices Inch KK U M Works Kluang Rothmans D Keramat Sentosa Raleigh H L Ind M Mosaics MBS 1250 I 595 790 960 1680 600 420 1930 446 596 100 50 50 50 50 45 40 30 28 25 June 8 June 9 BT Index: *****7.96 *****4.30
      156 words
  • Article
    Robin wins $200m order for rigs
    581 1  -  DELIVERY BY EARLY 1983 By FONG MEW LENG ROBIN Shipyard has won a 5200 million order for two jack-up rigs newly designed by a sister company. Both the rigs, which belong to the new Robco 350 series, were ordered by the state-owned Oil and
    581 words
  • Article
    Selective buying lifts index
    257 1 SELECTIVE buying lifted the stock market out of its mild depression and livened up the trading room yesterday. Blue chips received good support to push up the Straits Times Industrial Index 8.54 points to 896.84. The Business Times Indicator of the day's ten most active stocks
    257 words
  • Article
    Asfinco formed to hold stake in AFC
    448 1  -  By LILLIAN CHEW,ALVIN TAY MORE than a dozen financial institutions in Singapore have subscribed to the Asean Finance Corporation (APC) which will be officially launched in the Republic next Friday. They have formed a holding company, Asfinco, to take up Singapore's allotment of
    448 words
  • Article
    Short delivery of materials
    544 1  -  ai-n By WONG AI KWEI CONTRACTORS are adopting an initial "soft" approach to tackle the problem of short delivery of building materials. While alleging that "millions and millions of dollars" are lost as a result of the "malpractice", the Singapore Contractors' Association (SCAL) is now prepared
    544 words
  • Article
    Acma to market its new innovation worldwide
    254 1 ACMA Electrical Industries ha* added another feather to Its Innovative cap, this time In the form of a 39-litre 'freezerator'. The freezerator was developed recently and operates on a 99-watt compressor; it can be used as a freezer or refrigerator by adjusting the
    254 words
  • Article
    Multi-Purpose takes step to become a sogoshosha
    451 1 MULTI-PURPOSE Holdings Berhad, the investment arm of the Malaysian Chinese Association, is taking the first step towards becoming a multi-national trading house along the lines of Japanese sogoshoshas with the announcement of its acquisition of 73 per cent of the equity of Guthrie
    451 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      8 1 FOR PEOPLE WHO MATTER A Times Periodicals Publication
      8 words
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      Page 1 Advertisements Column 2
      18 1 See page 12 X W a 1 3^' s p\^ a <#$* lIIMITSUBISHI M r J P/iow. *****30/4M3X24 *****7
      18 words
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      Page 1 Advertisements Column 3
      74 1 SHIPPING TIMES FURTHER oil price erosion ap- NEW US savings schemes for pears inevitable 3 investors 8 HOTEI.S: new constraints and MAGNUM expects to maintain freedom 5 growth 13 HOW supermarket 'old hands' RAZALEIGH and Mosa vie for cope with competition 1 vice president 14 TV AND RADIO CROSSWORDS i,
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    • Advertisement
      Page 1 Advertisements Column 4
      424 1 DEVELOP THE READING HABIT wsit a j, mes Bookshops OrcWd < rwtrr 1.n,,,,, Jo«m Lmlr t i JC* *S«CtAIiST ClU'llf The ASEAN Report Update Published bv The Asian Hall Street Journal The ASEAN Report gave businessmen for the first time a key which opens the door to doing business with
      424 words
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  • REGIONAL
    • Article
      Lock icon Suzuki leaves for EEC countries
      387 2 AP JAPAN began a fresh effort yesterday to persuade Common Market countries to allow continued access of Japanese goods into the European Economic Community (EEC). Japanese Prime Minister Zenko Suzuki, faced with growing pressure to curb Japanese exports, especially cars, and to redress a large
      AP  -  387 words
    • Article
      Lock icon Manila criticised for creating rescue fund
      155 2 AFP THE president of a big Filipino mining company has attacked the Manila government for allocating 5 billion pesos (about US$667 million) as a special fund to bail out financially-distress-ed industrial companies in the Philippines. The president of the Benguet Corporation, Mr Jaime Ongpin,
      AFP  -  155 words
    • Article
      Lock icon MAHATHIR DOES NOT WANT TWO DEPUTIES
      149 2 AFP THE MALAYSIAN Deputy Prime Minister Dr Mahathir Mohamed has ruled out the possibility of having two deputy prime ministers as a solution to the squabble between Finance Minister Tengku Razaleigh and Education Minister Datuk Musa Hitam for the Umno deputy presidency. He said
      AFP  -  149 words
    • Article
      Lock icon Aussie bid for Chinese oil
      68 2 AP CHINESE Vice Premier Kang Shien told a delegation from Australia's Ampol Oil Company on Monday that China welcomes the company to join in public bidding for exploitation of Chinese offshore oil. Mr Kang told the group, headed by company president A E Harris, that
      AP  -  68 words
    • Article
      Lock icon Beijing's concern over US arms sales to Taipeh
      225 2 UPI CHINA renewed its objection yesterday to any "package deal" in which it receives US weapons at the same time that Taiwan receives American arms. The Ministry of Foreign Affairs made the statement in response to an announcement by Washington that it
      UPI  -  225 words
    • Article
      Lock icon More M'sian exports for North Korea
      197 2 AFP NORTH Korea represents a good potential market for more Malaysian rubber, palm oil, timber and semiprocessed goods in view of its industrial progress. The Malaysian Primary Industries Minister Datuk Paul Leong said this yesterday after receiving the North Korean Deputy Prime Minister Kye
      AFP  -  197 words
    • Article
      Lock icon Solving Kampuchean refugee problem
      474 2 Reuter A SENIOR United Nations official said in Bangkok yesterday that a solution to relieve Thailand of more than 90,000 Kampuchean refugees could be "around the corner" if the problem could be separated from politics. Mr Zia Rizvi, Regional Coordinator of the United Nations High Commissioner
      Reuter  -  474 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      529 2 r. provides comprehensive management consulting services including: zc ZC MANAGER CREDIT MARKETING OFFSHORE BANK $80,000-90,000 per annum Location: Singapore Our client is a U.K. based offshore bank which has built up a good reputation in Asia. Worldwide, the bank operates in 36 countries and has over 300 offices. The bank
      529 words
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      Page 2 Advertisements Column 2
      23 2 M til iiiinii IT.Vi r. m 'VW ilv Ji» if 1 GOTICA ceramiche s «i a II rr; **3 rarf *P /I J
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  • OVERSEAS
    • Article
      Lock icon Negotiators ask Solidarity to call off strike
      367 3 UPI THE POLISH free trade union Solidarity's team of negotiators has issued an appeal to the union's national leadership to call off the threatened two-hour strike scheduled for tomorrow. In an unusual step which implied that Solidarity's demands had not been met by
      UPI  -  367 words
    • Article
      Lock icon UK civil servants go on strike
      243 3 AP SCORES of government offices were shut down in Britain on Monday as a result of walkouts and strikes involving 530,000 civil servants. Following a breakdown in talks, civil servants shut down computer centres that handle social security and welfare payments for 14.4 million
      AP  -  243 words
    • Article
      Lock icon Oil price erosion seems inevitable
      490 3 Agencies AMERICAN oil analysts say that reductions in the price of crude oil have been shaking the already unsettled world petroleum markets. And further price erosion seems inevitable. As an indication that major oil producers will announce further price cuts soon, New York traders reported
      Agencies  -  490 words
    • Article
      Lock icon ENHANCED AMERICAN PRESENCE URGED
      119 3 AP A STUDY by a committee of the Atlantic Council in Washington has urged an enhanced US presence in the Middle East as a means of strengthening the country's domestic and foreign energy policies. The 18-month study also recommended a faster filling of the strategic petroleum
      AP  -  119 words
    • Article
      Lock icon Businesses and Reagan work out compromise
      247 3 NYT THE REAGAN Administration and business representatives were reported to have worked out a compromise on a heavily criticised element of the Administration's revised tax package dealing with depreciation. However, aides to chairman Dan Rostenkowski of the House ways and means committee said it
      NYT  -  247 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      713 3 Oil 4 >o > "> V* p>; M m f WBBZWxm r*< r *r 0L ■r >» > > v\ 201 fl SfTmo v ,mm >: i st ->. r* v ■f -12 V 4 '4 ,I|\ k' '< Cf i 9> >■ ■> 1 < I i. i.;w A
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  • RAW MATERIALS
    • Article
      Lock icon Sixth ITA negotiations commence
      317 4 Reuter TIN producing and consuming countries may have to work out a political solution for the Sixth International Tin Agreement (ITA) if new negotiations, which began in Geneva yesterday, fail to break the deadlock. Malaysia's Primary Industries Minister Datuk Paul Leong said yesterday that such a
      Reuter  -  317 words
    • Article
      Produce exchange
      176 4 CHINESE Prodnce Exchange, Singapore, noon closing prices per 111 kg yesterday. Cocoont oil: Bulk fob $115.00 sellers, old drum (in second hand drum) fob $128.00 sellers, new drum fob $134.00 sellers. Copra: Mixed (loose) $67.00 buyers. Pepper: Muntok white pepper fob Asta NLW $412.50 sellers, Sarawak white pepper
      176 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday (In HK dollars, spot ex-go-down) Cotton yarn: China Blue Phoenix 20s 2,285; 32s 2,800. 40s 3,045 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      RUBBER
      227 4 RUBBER prices in Singapore yesterday closed slightly higher with July One RSS buyers quoted at 251.00 cents per kilo, up 4.25 cents from Monday's close, dealers said. Morning prices were marked up slightly on covering interest and trade buying coupled with steadier advices, they said. Afternoon prices gained further
      227 words
    • Article
      RAS PRICES
      387 4 RAS prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt fob 240 00 241 OON 242 00 243 OON Int. 1 R.S.S July 249 00 249 50 ***** 251 50 Int. 1 R.S.S. August 255.00 255 50
      387 words
    • Article
      SSR and SMR
      119 4 NOON SSR and SMR price* ynterdav RAS SSR 20 SSR SO (l-loo pallet) (1 ton pallet) July (Current Mlk> Buyer* Sellera 219 00 221 OON 216.50 *****N Aufuit (Forward Mth) Rnyera Sellera ***** 223 OON 218 .V) 220 SON MRELB SMRCV SMR L SMR 5 SMR GP
      119 words
    • Article
      Lock icon Grain conference
      132 4 Reuter UNITED States and Soviet officials opened talks in London on Monday on possible grain shipments following the lifting of a US embargo imposed in retaliation for the Soviet military intervention in Afghanistan. US officials said US negotiators were expected to offer at least two million tonnes of
      Reuter  -  132 words
    • Article
      Straits Tin
      90 4 THE STRAITS tin price in Penang yesterday rose 32 cents to M 529.71 a kilo, still within the ITA lower range of $27.28 to S3M3, dealers said. Sterling's recovery against the Malaysian dollar, steadier overnight London advices and lower advices of metal prompted the rise. However, the higher
      90 words
    • Article
      CLOSING PRICES
      34 4 Rubber: June 9 Singapore: July: 251.00 cents (up 4.25 cents) Malaysia: July: 272.50 cents (up 5.00 cents) Tin: M $29.70 per kilo (up 32 cents) Official offering: 127 tonnes (down 2 tonnes)
      34 words
    • Article
      WHEAT
      144 4 WHEAT futures in Chicago on Monday closed on bottom of a 9 3 cent range, down V* to 2' j cents a bushel. Reports that harvesting in major US winter wheat crop areas is back in full swing prompted local long liquidation which dropped prices. Steady professional and Commission
      144 words
    • Article
      RICE
      336 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per rent first class (Kangaroo) new crop 1.34, 100 per cent second class 1.06. 100 per cent third class 1.06. 25 per cent new crop no stock. B-10 per cent no stock. THAI BROKEN: A super 0
      336 words
    • Article
      PALM OIL
      152 4 THE Kuala Lumpur market yesterday continued firmer on covering and in line with the higher Kuala Lumpur Commodity Exchange in active trading, dealers said. In June, central firmed Ms2o to $1,090 a tonne, August $40 to $1,080 and September up to $1,000. In July and August, the northern
      152 words
    • Article
      SOYBEAN
      199 4 SOYBEAN futures in Chicago on Monday closed mixed and near day's lows, down 2'i cents a bushel to up 2'« cents. Steady local selling in reaction to the decline in wheat touched off local sellstops at Friday's lows which dropped nearby positions for losses, dealers said. JSarlier, prices rose
      199 words
    • Article
      LONDON MARKETS
      419 4 COFFEE: Continued long liquidation and stoploss selling depressed robusta futures further during yesterday morning and they ended the midday call with losses of up to £35 a tonne. SUGAR: Raw futures on Monday ended £5.50 to £6.80 higher with Aug last traded at £223. Turnover was 6,940 lots
      419 words
  • ASIAN STOCKS
    • Article
      Share prices close sharply higher
      618 4 TOKYO SHARE prices yesterday closed higher recovering sharply from the morning's easing on revived bargain hunting in the belief the market has bottomed out, dealers said. The market average gained 40.30 to 7,375.27 but trading was thin with volume 230 million shares. The average lost
      618 words
    • Article
      Hongkong
      309 4 LOCAL investors yesterday joined the institutions as net buyers and the market regained Monday's losses. Buying concentrated on blue chips. However, steady selling limited the gains in this sector. Some of the second lines made spectacular gains. Bank of East Asia added $10 to $74.50 while HK Bank added
      309 words
    • Article
      Sydney
      277 4 TRADERS yesterday returned in bearish mood after Monday's holiday amid the conflicting influences of a stronger gold price and world oil glut, dealers said. The All-Ordinaries index slipped 3.3 points to 711.7 under the weight of a 9.3 point fall in the oil index to 893.3. JUNE 06 Centa
      277 words
    • Article
      Bangkok
      236 4 STOCK prices yesterday closed mixed in slow trading, dealers said. Industrial Finance Corp rose one baht to 105, Rama Tower up one to 69, while Siam Cement fell two to 218 and Siam Credit lost 0.50 to 70. United Flour Mill closed unchanged at 151. JUNE OS Bahu Asia
      236 words
    • Article
      Manila
      90 4 JUNK 00 Pew* Aco)e Mining (KM 0 0003 AUu Con A «Uu Con B an 0J Bagulo Ootd .0087 unch unch -01 Bencuet Coil. B 50 00 9 JO Br uooancn CDCP 180 -04 Land oil Lepanto B. use -000» Marlnduque B *-*> ♦ai Oriental A Oriental B oe
      90 words
    • Article
      Selected indices
      52 4 FINANCIAL TIMES INDUSTRIALS Monday 547.9 Friday 546-3 Week Ago 548-2 DOW JONES AVERAGE INDUSTRIALS Monday 995.64 Friday 993.79 Week Ago »97 95 H K.HANG SENG Tuesday 1718.07 Monday 1697.50 Week Ago 1731.11 AUSTRALIAN INDUSTRIALS Tuesday 752.1 Monday 753.7 Week Ago 749.4 ALL ORDINARIES Tuesday 711.7 Monday 715.1 Week
      52 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      202 4 THE IBIX MICRO-COMPUTER PUTS YOU m CONTROL... v>v 5>V CP C\ N > <r\ OF REDUCTIONS, RIPER SEIMTKWS.QI AMITY V\l) Ql AUTY. Whenever you need a copier that's a little more versatile and much more efficient U-BIX has it in its range. And with a built-in microcomputer that makes U-BIX
      202 words
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  • TRADE AND INDUSTRY
    • Article
      Stage set for keener rivalry in Chinese pop music business
      377 5 POPULAR mule may be m*re actively promoted in Singapore following seme recent change* in the tap management of the music Industry. Mr Johnny Sag, farmer deputy managing director of Polygram, switched camp to head a new Chinese division in a
      377 words
    • Article, Illustration
      Foundation of success
      537 5 THE success of a piling company in Singapore has prompted its parent company in the United Kingdom and its Malaysian counterpart to follow in its footsteps. This was disclosed by Mr John W K Sykes, managing director of Westpile (SEA), a foundation specialist which hit a successful
      537 words
    • Article
      TRADE TALK
      517 5 FACTORIES, warehouses, mills, car parks and general industrial plants can now choose the colour of floor hardeners for their concrete floors. Called ABC floor hardener, the product was introduced recently by Air Mac Asia of the Getz group. Apart from ABC Trading of Tokyo, Japan, which manufactures the
      517 words
    • Article
      SYMPOSIUM
      88 5 A SYMPOSIUM on Swiss telecommunications equipment will be held at Hilton hotel today. The symposium is organised by the Association of Swiss Telecommunication Industries under the sponsorship of the Swiss PTT. A demonstration and discussion of the Swiss communications network called forwarding and interception systems, teleprinters and military communications
      88 words
    • Article
      Hotels: new constraints and freedom
      324 5  -  By RICHARD SEAH HOTELS will no longer need to obtain the approval of the Customs and Excise Department when they change the prices of food, drinks and other charges from next month. The new policy is being implemented with the new entertainment tax structure, which
      324 words
    • Article
      MEMO PAD
      455 5 SEMINARS AND COURSES May 25-July 1: Quality Assurance Engineering and Management, Ming Court hotel, Sisir May 26-June 25: Digital Electronics Integrated Circuits Understanding and Appl. Module n, NPB Cuppage Centre. National Productivity Board May 30 and June 6, 13 and 20: Quality Circle Leader's Course, Personnel and Organisation
      455 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      29 5 ROCFLOOR Resin flooring many times stronger than concrete covers new or old floors chemical resistant strong and durable fast to install. BATIK A Batlki Singapore Pte Ltd to)' *****44
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      Page 5 Advertisements Column 2
      184 5 7 was most impressed with your Brasserie Restaurant, it really does have cm authentic French atmosphere and cuisine." Jane MacQuitty Wine A Food Manager House Garden Magazine The plaudits of our patrons is evidence of our claim to have not only the best restaurants in Singapore, but to be the
      184 words
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  • Article
    Skulduggery must be scuttled
    473 6 IF ANY proof were needed of the urgent need to bring modern business methods to the construction industry, it lies in the tale of improbity and skulduggery that contractors have now brought to public attention. A generation of Singaporeans brought up in the clean, green and
    473 words
  • Article
    Sawmills must face economic realities
    249 6 TEXTILES and garments, electronics assembly the spotlight has fallen on these industries, and consequently, we are all aware of the hard times they are facing due to the economic restructuring programme. Now the sawmillers are voicing their woes. Much as our sympathies go to these
    249 words
  • Article
    Manila's new energy plan
    824 6  -  In an attempt to cushion the impact of the energy squeeze, the Philippines has embarked on an ambitious energy strategy aimed at three indigenous energy resources coal as well as hydroelectric and geothermal power. MANOLA JAR A reports. MANOLA JARA COAL is 9et to regain its
    824 words
  • Article
    Lock icon GLIMPSE OF JAPANESE CITY OF THE FUTURE
    1070 6  -  By ROD O'BRIEN Depthnews Science KOBE has long been an importer of mountains of coal and iron ore for making steel. Now it has exported a home-grown mountain in order to build an island offshore. The island may well be the "city of
    Depthnews Science  -  1,070 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      159 6 r z-gi ■SSstz ±1 TRADE EVENT AFEEC '81 2nd Biennial ASEAN Federation of Electrical Engineering Contractors Convention and Exhibition. ASIAPRINT '81* S E. Asia 2nd International Printing Graphic Arts Equipment Supplies Exhibition ASIAPACK '81 S.E. Asia 2nd International Machinery Materials for Packaging Exhibition GIFTFAIR '81 S.E. Asia International Fair for
      159 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1443 6 JTjMM What the future may hold THE SUlfa Farter (ck&a■el 5, 11.11) clmt« with the Inevitable fieitlm e««eenlag the fitare tod hew micrs-electrsales will iaflaeaee u4 mttect the jsh market la the next few decades. The predlcttoas vary hat the t« tare eaa he seea la aa emhrys here ui
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  • Article, Illustration
    Meeting the challenge of competition
    2286 7  -  With the entry of newcomers Yaohan and the union cooperatives into the supermarket circle, how are "old hands" Fitzpatrick's and Cold Storage coping with the onslaught and with each other? TSANG SAU YIN finds out. TSANG SAU YIN THE COINCIDENCE is so apparent both Cold
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      175 7 BULK TIMBER SERVICE FAR EAST/EUROPE v-r. t gPSf %im\M «$j ftfc i Smith SSi? *5: :dßtak<:*Jt > s WHi£^A'l3,* <,;• V > T-> -.5 -Mr 4SjK||il3fcSf l t'Tv #****?»> y>r:£ I I V ViMHi MMes? y f* > fj?, >" BHaJWIfc r' w *dWe»i J». yfm 'fN T* i •■.•>?-'
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      36 7 BriStoW: Franl-DickenS nytES SOE_ OUC WTftel ftßc. CHTfeR»HGTH£4R N>HTH vfe*£ TftePo f i a «e c ->R TL lOOK per TMGM UP "tuese Deep IN CONV€J?SRTIOW -oe>vouSLy Planning- j >ie»R sreP J m m m 9>
      36 words
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  • BANKING AND FINANCE
    • Article
      Lock icon New savings schemes for investors
      748 8 NYT IN AN effort to fight back against money market mutual funds, American banks are suddenly offering a host of new products to the consumer. None of the new products quite match the liquidity of money market funds, where cash can usually be withdrawn at
      NYT  -  748 words
    • Article, Illustration
      BRANCH IN CHINATOWN
      218 8 LEE WAH Bank South Canal Road Branch, the second oldest bank in Singapore, has moved to new and bigger premises at the junction of South Bridge Road/Hong Kong Street. The branch, established in March 1920, will be renamed Lee Wah Bank South Bridge Road Branch. With the
      218 words
    • Article
      Steps to curb credit growth pays off
      334 8 SOME headway in the struggle to subdue explosive monetary and credit growth in the US has lifted morale and prices in the financial markets. The MIB measure, which has dominated Federal Reserve (Fed) policy decisions in the past, has declined for three of
      334 words
    • Article
      EAC issues guaranteed floating rate notes
      248 8 ARRANGEMENTS have been completed for the offering of US$5O million guaranteed floating rate notes due issued by European Asian Capital BV (EAC) and guaranteed by European Asian Bank Aktiengesellsrhaft. Th*> eight-year notes, on which interest is payable semi-annually at 0.25 per cent above the
      248 words
    • Article
      Savings with Keppel's credit union up 154pc
      296 8 SAVINGS of members of the Keppel Group Cooperative Credit Union jumped by about 154 per cent last year though its membership grew by only 50 per cent. More than 3.000 employees of the Keppel Shipyard group placed savings of $825,000 in compared with
      296 words
    • Article
      Prime down
      44 8 BANKERS Trust, the eightr largest American bant dropped its prime ate fr»«r 20.5 per cent to 20 |#»r eeni on Monday. Onlv Philadelphia's <>i rard ~B.mk has a hiehei rate It iaised it.c prime rat< Inst Friday from t*» 21 f-en' AFP
      44 words
    • Article
      Lock icon Consortium to prevent BNP from taking over bank
      433 8 NYT A consortium of the Big Seven Spanish commercial banks was on Monday night finalising an offer to prevent France's BNP from acquiring the ailing commercial bank. Lopez Quesada. The move is the most dramatic evidence yet of the concern of the
      NYT  -  433 words
    • Article
      Lock icon World Bank's loans to M'sia total US$140b
      209 8 AFP MALAYSIA has been given loans totalling US$l4O billion from the World Bank since becoming a member of the bank in 1957. Deputy Finance Minister Datuk Shahrir Samad said on Monday that Malaysia had also been allocated a loan of not less than
      AFP  -  209 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      794 8 Amsterdam-Rotterdam Bank NV The Amsterdam-Rotterdam Bank NV Amro Bank for short is a major f K commercial and investment bank in The Netherlands, the origins of which date back to 1863. At the end of 1980 the bank had a iSy balance sheet total of over Dfl. 94.3 billion. jmL
      794 words
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  • MONEY AND EXCHANGE$
    • Article
      Singapore market
      470 9 IT WAS a featureless day in the foreign exchange market yesterday with the US dollar traded lightly against other major currencies. The US dollar opened at 228.50 against the yen and dropped slightly to 228.40 before recovering to a high of 229.60. The US dollar closed slightly lower
      470 words
    • Article
      TOKYO
      134 9 THE US dollar for overnight delivery yesterday closed firmer at 229.00 yen compared with a 228.50 opening here, a 228.55/65 closing in New York and 228.50/70 on the West Coast on Monday, dealers said. It was sharply higher than the 228.20 closing here <Hi Monday. Trading was active with
      134 words
    • Article
      PLR
      22 9 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 12.88 per cent.
      22 words
    • Article
      ASIAN $ RATES
      189 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on June 9. US Dollan(8pot) Offer Bid 7 days 18 18 3 1 month 1813/1618 11/16 2 months 18' < 18 1 3 months 18H 18"« 6 months 17 W 17 1 9 months 169/16 16 7/16 12 months 16
      189 words
    • Article
      Discount
      45 9 RANGE ot prices offered by discount bouses on June 9: Overnight: 6'*% Call deposits: to 6W% Cloiiii Baying Selling 3-month Treasury bills 67/16 6 5/16 3- month Bank bills 1311/*****/1« 3 months CD 13 12% 6 months CD 12 11% Source: National Discount Co
      45 words
    • Article
      Frankfurt
      34 9 FRANKFURT exchanges opening quotes on June 9: US 2.4240/60 Stg 4.692/702 Can 2.0090/114 D F1 89.77/87 S Fr -113.59/72 Lit 2.006/13 F Fr 42.27/34 N Kr 40.42/48 B Fr (fin) 6.028/038 Yen -1.0643/58
      34 words
    • Article
      GOLD
      252 9 SINGAPORE gold futures yesterday closed generally firmer compared with overnight levels in light trading, dealers said. Prices were marked up between US$5 to $6.50 an ounce at the outset following news of increased tension in the Middle East and Poland and thereafter the market fluctuated narrowly throughout the day,
      252 words
    • Article
      Silver quotes
      32 9 New York 10 .16B rtrm loses loorrs Zurich cloied9 906 10.106 Taw Mm Singapore 1010B 990B 10.306 10.106 Closing prk In US dollar* troy ounc t. Source: Credit Suisse, S'pore.
      32 words
    • Article
      HONGKONG
      126 9 THE US dollar yesterday was mixed against most major currencies in thin late exchange trading after a firm opening, dealers said. The dollar maintained its firm trend against the mark at 2.4285/95 compared with an early 2.4255/70, while the French franc was indicated at 5.7325/7475 to the dollar against
      126 words
    • Article
      London
      124 9 THE dollar yesterday opened well above its previous close here but slightly below overnight levels in the Far East, with no decided trend discernible in early trading, dealers said. It opened at 2.4250/60 marks after closing on Monday at 2.4150/60 in New York and at 2.4050/70 here. Dealers noted
      124 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      522 9 Have you a foreign ©change requirement? have the capability The Australia and New Zealand Banking Group Limited. The ANZ Bank is the leading Australian bank in South East Asia for foreign exchange dealings in all major currencies, and is the acknowledged leader for transactions involving Australian and New Zealand dollars.
      522 words
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  • INTERNATIONAL STOCKS
    • Article
      Quiet session at NYSE
      958 10 THE NEW York stock market on Monday weakened in the last hour of trading, but finished with a slight gain after a quiet session. The Dow Jones industrial average ended more than a point higher. Advances led declines by a small margin as volume narrowed to
      958 words
    • Article
      Milan stocks
      100 10 JUNE OB Lire Anlc too -100 Auoc Oen ***** l(C6 Buui(i OB 4 Centrale 8230 -300 Flat 2329 -41 FlnsMler •n -3 Oen Immob rm 64 in pn (010 -300 ItAlcemenu W<l -900 ItalfM 1366 -43 lUUtder 300 an ch UifncU M Pf 1)06 -26 Marelll Ere Medlob
      100 words
    • Article
      MARKET CLOSURES
      16 10 The following European markets Zurich, Amsterdam, Frankfurt, Paris and Brussels were closed on Monday.
      16 words
    • Article
      TORONTO
      217 10 JUNE OB CI AblUbl XS unch A Iran *h Al»oma Bank Mont 28 >. -V Bank Nora Scotia 27"« uncb Bell Tel 1«H >* R»th rjwp BP Cu I.td «5W Braacan 34 H Camp Red Lake 18H H Can Imp Bk 29 •H Canpac 41 4% Can par In»
      217 words
    • Article
      JOHANNESBURG
      295 10 JUNE 08 Rand INDUSTRIALS A Alpha 425 5 Abercom 410 unch AE And CI rro unch AMir 2060 -50 Barlows 965 -30 Cf Suffer 1825 -50 CNA 660 Currie Finance 220 unch De Bfert Ind Ed con ZZ 830 -ft Edgars 8100 Pwrrtdi Fed Vols bOO -10 Fuclt 200
      295 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      628 10 See Page 4 for Asian stocks "The American Express Card serves you well, wherever good food is served". For banquets F or conventions. For other functions of flawless finesse. Functions for up to 280 guests International menus to choose from Complete range of audio visual equipment Ample parking space C
      628 words
    • Advertisement
      Page 10 Advertisements Column 2
      242 10 EV-, ttbeatbi The turnout is true. For The Citation is a very private and exclusive dub for business executives. Seduded beneath the Cockpit Hoed, its furnishings ate the very finest, the atmosphere appropriate for business entertainment. Come and experience a businessmen's haven UcUiOi AWOFUPf g a Oriey Riae/Penang Road, Singapore
      242 words
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  • COMPANY NEWS I
    • Article
      Lock icon Forking it out for Hong Fok
      679 11 §5TC)®I2™» by HOCK LOCK SIEW THERE is still a whole week to go before the offer for Hong Fok Corporation shares closes and already, completed share application forms are streaming back to the offerors, Wardley Ltd. It appears that some applicants have forgotten that
      by HOCK LOCK SIEW  -  679 words
    • Article
      COMPANY MEETINGS
      637 11 MALEX Asbestos Cement Berhad: AGM to be held at No. 70, Jalan Ampang, Kuala Lumpur on June 10 at 10 am and to be followed by an EOGM at 10.30 am. MAGNUM Corporation Berhad: AGM to be held at 1st Floor, Magnum House, 111 Jalan Pudu, Kuala Lumpur
      637 words
    • Article
      ORIENTAL LEAP
      211 11 ORIENTAL Holdings has reported widely-anticipated bumper results for 1981, accompanied by a scrip issue of one-for-four. Group pre-tax profit has swept ahead to MssB.« million from $28.6 million. "Hie first half's profit at $25.32 million pre-tax was already more than twice the figure achieved in the comparable period
      211 words
    • Article
      RESULTS DUE
      341 11 Dale I>ast Full Year Company Period Announced Net EPS Gross Pre-tax last year (rents) Div. Profit <%> <$'•«) A Hitam Tin I 4 3 123.9 2050 22.028 Kesang Tin F 5 5 64 Public Bank F 15 5 27.2 7.5 5.442* S P Textile I 17.5 20.2 100
      341 words
    • Article, Illustration
      Tender loss incurred by Apollo
      304 13 AN UNSUCCESSFUL tender for Urban Renewal Authority land cost Apollo Enterprises more than half a million dollars. The company had to provide $506,849 as expenses incurred in the tendering of a hotel project under the URA. This was disclosed in the company's results announcement yesterday.
      304 words
    • Article
      TAKEOVER NOTICE FOR HAW PAR
      153 13 UNITED Overseas Securities (L'OS), a subsidiary of the UOB group, yesterday served a notice of takeover offer for Haw Par Brothers International Ltd. LOS Is making a cash offer of $4 per share for all the remaining 88 million Haw Par shares it does not
      153 words
    • Article
      COMPANY BRIEFS
      979 13 MR LIM Guan Teik has resigned as a director of Paper Products (Malaya) Bhd with effect from May 31; he remains a manager of the company. DCNLOP Estates Bhd said its purchase of three million shares in Pembangunan Mahamurni Sdn Bhd represents 30 per cent of the latter's
      979 words
    • Article
      SPTI up at half-time
      279 13 CONTINUED demand for quality knitwear from European countries and other parts of the world contributed to further sales and profit growth at South Pacific Textile Industries (SPTI) in the first six months to March 31, 1981. Interim figures furnished for the half year showed unaudited group
      279 words
    • Article
      Taiping Textiles may be hit by overseas lull
      611 13 THE LULL in overseas textile markets is likely to affect the operating results of Taiping Textiles Berhad for the current year as exports account for a substantial part of its total turnover. Owing to continued 'stagflation' of the world economy, the demand
      611 words
    • Article
      Magnum expects to maintain growth
      599 13  -  By THE CITY STAFF MAGNUM Corporation's 1980 results have more than justified the "cautiously optimistic" view of prospects taken by chairman Datuk Khoo Kay Peng in his previous annual report. The group last year turned in a 43 per cent rise in pre-tax profit to
      599 words
    • LATEST RESULTS
      • Article
        BOLTON Properties Bhd
        82 13 has achieved a convincing recovery to M 55.91 million in pre-tax profits for the year ended December 1980 compared with a mere $320,998 the previous year. Turnover was also boosted markedly higher from $1.4 million previously to $8.37 million, partly as a result of two property acquisitions
        82 words
      • Article
        GROUP pre-tax profits of Oriental Holdings
        75 13 soared to M 558.64 million for the year ended December 1980 from $28.58 million the previous year. The directors have proposed a bonus issue of one-for-four and a final dividend of 13 per cent less tax, which together with the interim dividend will give
        75 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      83 11 w HOTEL RESORT Sale by tender THE REEF HOTEL RESORT COMPLEX A fee simple cffer cf the well known Reef Hotel Resort situated on the popular Coral Coast, a mecca for tourists The location is magnificent right at the water's edge commanding superb views Rewarding cash flow Tenders close August
      83 words
    • Advertisement
      Page 11 Advertisements Column 2
      227 11 •j m Organisers JPNu INTERFAMA PTE LTD. A j" 834. World Trade Centre. Maritime Square I.—.J Singapore 0409 Tel *****12 Check-in FORTHE BESTNEWSINTRAVEL New Sleeperseats in nAfetoMri IOWN imiA .CI %ss J LjJ IM i •1 l86cm(34")l (when there's a vacant seat beside you.) z 'fi c h» >«<• Introducing
      227 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2214 12 BID and offer pines officially listed anil 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 A COMMERCIAL Acma (4328
    2,214 words
  • Article
    Unit trusts
    187 12 SINGAPORE I'NIT TBI ST DIAMOND MOT S'PORE (Maaagera' prices far Jaa It) (Maaagera' prima far Jaa M> The Commerce 3 80 4 OOxd Diamond S'pore Fd US$100 The Savings Fund 2.17 228 S»2167 S pore Prog Fund 167 175 S pore Sec Fund 2 56 269 INCOME BOND
    187 words
  • Article
    SHARE INFORMATION SERVICE
    2783 12 Gr's Gr's Net 1981 Last Div Div Yld P/E Vol Day High Low Company Sale or- C'vr COOO> 1 High Low SECTION ONE INDUSTRIAL COMMERCIAL 450 320 Acma 434cd 4 14.5 2.5 3.3 20.0 15 434 428 Alcom 300 10.0 2.0 33 25.0 334 130 Allied Choc
    2,783 words
  • Article
    In Kuala Lumpur
    2303 12 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. INDCBTUALB Ataam (3 668 3 OS) (1) 3 76 (5) 3.72 (12)
    2,303 words
  • Article
    COMPANY BRIEFS
    39 12 MR FB Rossiter, chairman of Genrge Kent (Malaysia) Bhd passed away on May 26. Mr G Gardiner has been appointed alternate director to Mr A J W Owston of Ankara Tin Bhd with effect from May 12.
    39 words
  • Article, Illustration
    Uplift for sentiment at SES
    748 12 BILLS made a renewed attempt to regain control of the stock market which saw revived activity yesterday. Selective trading In moderate volumes gave a lift to sentiment In the morning and the ST noon Index clooed 6.32 points higher at 8K.43. Malaysian-based lower liners made
    748 words
  • Article
    KL stocks see late recovery
    584 12 BUYERS staged a late recovery on the Kuala Lumpur Stock Exchange yesterday, preventing sellers from strengthening their hold after an easier start. Prices were pushed to some of the day's best levels despite the easier start. Trading was slow for most of the first half
    584 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      183 13 SAVINGS ACCOUNTS Deposit and withdrawal at any of our 51 branches 10% p.a FIXED 10/2% P- a DEPOSITS: 7 for 1.3 6 months 11% P-a. for 9 12 months PRIME RATE: 13% pa. EFFECTIVE 10th JUNE 1981 HII ittr UNITED OVERSEAS BANK CHUNG KHIAW BANK LEE WAH BANK Singapore biggrst
      183 words
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  • Article
    Australia shares Asean's views on Kampuchea
    413 14 AUSTRALIAN Foreign Minister Anthony Street said yesterday that it was in deference to widespread Australian public opinion that his government derecognised Democratic Kampuchea. However, he assured at a press conference here that despite the derecognition Canberra still supports the Asean stand on Kampuchea. He
    413 words
  • Article
    Survey on land use
    120 14 TO BRING about a better-planned environment, an island-wide survey on land and building use will be carried out from Monday. The Ministry of National Development said yesterday that the results of the survey, which is expected to take about 12 months, will be used to update
    120 words
  • Article
    SIA working out performance appraisal systems
    599 14  -  By FONG MEW LENG SINGAPORE Airlines management and union officials are working out performance appraisal systems for workers and managers to mend damages done by past conservative personnel management practices. Currently, a team comprising some management pilots and high-powered officials of the National Trades
    599 words
  • Article
    Shell's appraisal system
    221 14 THE Government is looking into a performance appraisal system used worldwide by petroleum giant Shell, with a view to adopting it for assessing senior civil servants. Two top-level management personnel from the UK-based Shell International Petroleum Company (SIPC) will be in Singapore to demonstrate the system to
    221 words
  • Article
    LONDON STOCKS
    793 14 LONDON, Tues. The market closed mixed in moderate trading today, dealers said. At 3pm, the Financial Times index was down 2.3 points at 545.6 having touched 550.1 at noon. Government bonds showed net gains of up to M point with sentiment helped by central government borrowing requirement figures
    793 words
  • Article
    Lock icon DOW JONES MIXED
    102 14 AP NEW YORK, Tues. The stock market was mixed this morning amid concern over the aftermath of an Israeli attack on a nuclear plant under construction in Iraq. The Dow Jones average added another 1.39 points to 997.03 in the first half hour However, declines held a
    AP  -  102 words
  • Article
    Razaleigh and Musa vie only for deputy presidency
    342 14 DATUK Mis* HlUm and Teagku Razaleigh Hamzah will both cfilMl only the deputy presidency la Ike Jut H Imno elections. When nominations flowed it i po yesterday, the two candidates had seat affirmative replies to their nominations far deputy president Mb. nil
    342 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      363 14 Leader... page C SOME STOCKS HAVE BEEN HIBERNATING But when investors awaken to them they'll produce biggest gains in New York The stock market Is much like any other business: The aim of those who run it is to accumulate as much inventory at the cheapest possible prices and then
      363 words
    • Advertisement
      Page 14 Advertisements Column 2
      724 14 The challenge to succeed June 26 27,1981 Success and achievement in life is totally dependent on y0u.... on your attitude, a ;li ,7 Featuring on Video: K JAMBS ROHN an independent businessman yA who amassed a fortune using '"fl principles he will share with each participant attending this seminar -I.
      724 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      69 14 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair except for showers in a few places in the morning. Report for 24 hoars prior to 7.39 pm on Jane 9 at the airport. Maximum temperature 30.7 Associated humidity 55 Minimum temperature 24.8 Associated humidity 96 Hours of
      69 words
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  • SHIPPING TIMES
    • Article
      Kota Sentosa mishap off Cochin
      176 15 A SINGAPORE-REGIS-TERED ship, the Kota Sentosa, is believed to have sunk in the Arabian Sea, off Cochin last week. The vessel, a 11,480 dwt general cargo ship built in 1967, has a crew of 35, including five Singaporeans. Other crew members are mainly Indonesians and
      176 words
    • Article, Illustration
      No parallel response to rate rises in M'sia
      488 15  -  By VONG NYAM MING FREIGHT rate rises on Malaysian-bound cargo shipped from Singapore will not evoke any parrallel response from Malaysian ship operators, at least until the end of the year. This is the general response of Malaysian ship operators to the
      488 words
    • PORTSIDES
      • Article
        FASC's annual meeting
        67 15 THE Federation of Asean Shippers' Council (FASC) will hold its sth annual meeting in Jakarta from June 30 to July 1. Topics on the provisional agenda include the appointment of a secretary-general for the FASC and the formation of a FASC team to consult with the Far
        67 words
      • Article
        Oceanic opens new office
        105 15 OCEANIC Finance Corporation, the shipping and finance and investment group has opened a new head office in Hamilton, Bermuda. Oceanic established business in Hamilton five yeasrs ago with a subsidiary company in London. Mr Paul Slater, president of Oceanic, said: "Apart from the fiscal benefits of
        105 words
      • Article
        Lock icon P & O officers on strike
        130 15 P O officers on strike Reuter ABOUT 1,500 officers of the P&O line were on strike on Monday because of plans to sell four British-registered ships and lease them back with foreign crews, a trades union spokesman said. Eric Nevin, general secretary of the Merchant Navy and Airline Officers' Association,
        Reuter  -  130 words
    • Article
      INDEX TO ADVERTISERS
      697 15 Shipping LI* Page Shipping line Page C4 Achipelego vn 1 Fortune VI 5 Adriatic VI 5 Franco- Belg m 4/5 Afea VI 3 FrataNVOC VI 2 Afro-Eurasia VI 2 Freight vm 2 A1 Navigation VI 2 Freight Links vm 3 Alfred CT vm i Frota V 4
      697 words
    • Article
      Lock icon HIGH TRANSIT REVENUES FROM NEW SUEZ CANAL
      326 16 Fairplay THE recently completed $1,300 million project to enlarge the Suez Canal is bringing in more business than Egyptian government officials expected. Transit revenues reached an all-time high of $85 million in March of this year leading the Suez Canal Authority to revise
      Fairplay  -  326 words
    • Article
      Container Schedules
      875 16 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 P. Roosevelt 91 10.6.81 0700 APL TA 6 TT Neptune Topaz 42S 10.6.81 1000 Neptune TA 4 VC Bar'zan 15 10.6.81
      875 words
    • Article
      LONDON FREIGHTS
      1643 16 INCREASED interest for tonnage to move coal from the US on Monday featured an otherwise dull freight market, brokers said. Contracts were finalised for the shipment of 450,000 long tons of coal from the US east coast to Taiwan in shipments of 25,100 to 40,000 long tons commencing
      1,643 words
    • Article
      SHIPS IN PORT
      382 17 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Gelang (0700 45A Equator II (after Equaor) 22 Jenson n (after Equator n) 22 Kota Ratu (0700) 10 11 Kota Ratna (after Kota Megah) 13 14 Lazarev (2300 38 39 Per lis (2000 20 West Ragna Bakke (1100) 6 7 Sagaland
      382 words
    • Article
      Panamax to stay in lead
      309 17 PANAMAX vessels are likely to remain the most important in the dry bulk trades for sometime to come, a leading shipowner predicted. Mr Stephen Carter, managing director of P&O Bulk Shipping Division, said: "The Panamax is likely to remain the workhorse of the market." As
      309 words
    • Article, Illustration
      Sembawang Shipyard wins contract to repair derrick
      240 17 SEMBAWANG Shipyard was recently awarded a multi-million dollar contract by McDermott Inc of New Orleans, USA, for the repairs and modification of derrick barge No 19 (DB 19). Added to its main deck is a new pipelaying ramp. It is 59 metres long
      240 words
    • Article
      Lock icon Problems of scrapped ships
      123 17 AFP INDONESIA'S government ban on export of scrap iron has worked out to the disadvantage of Indonesian shipowners, the Angkatan Bersenjata (Armed Forces) daily said. Domestic buyers have manipulated the ban to press down prices to about US$lOO per ton, whereas foreign buyers have offered to
      AFP  -  123 words
    • Article
      Lock icon Tanker market takes another enigmatic turn
      840 17 Seatrade THE tanker market has taken another of its enigmatic turns in the last couple of weeks. From the rockbottom level of around W24 that constituted the psychological barrier beyond which owners were not prepared to go, rates for the VLCC sizes have climbed
      Seatrade  -  840 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1073 21 IgCHEDBLE 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
      1,073 words
    • Article
      Lock icon WEEKLY FREIGHTS
      607 22 AFP TRADING remained quiet on the freight market last week ahead of the long Witsun weekend. The return to work of some of the workers of the US coal sector helped rates generally to improve. Japanese charterers were quick to react following news of the tentative settlement, and
      AFP  -  607 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      520 15 Everett Lines\ fO* TMI MOST fStQUCNT SAILINGS TO BANGKOK HONG KON(, JAPAN BUS AN CHITTAGONG CALCUTTA •CHALNA RANGOON BUENOS AIRES MANZANIIIO ACAPUICO Everett Steamship Corpn. S/A Clifford Centre Singapore 1 lei 9MBI 9 36 Beach Street Penang Rm 36 103 OCBC Bldg lei ?1441 3 Port Kelang Agents SOCSHtP CO
      520 words
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      Page 15 Advertisements Column 2
      318 15 SSEALORDS m UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES S'pore Loading for Mina Qaboos (29/6). Dubai (1/7), Dammam (4/7), Abu Dhabi (7/7), Kuwait (10/7), Mina Al Fahal (13/7). Bahrain (16/7), Doha (19/7) FULLY CONTAINERISED SERVICE JEiniEffi •BAR'ZAM V.15 Ctovnf linn FCI io/6 0600 HRS ICL 9/6 1800 H«S
      318 words
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      Page 15 Advertisements Column 3
      18 15 IKBUDB M II 111 VII VIII VIII CONTAINER Schedules SHIPS In Port SHIPPING List REGIONAL Weather WEEKLY Freights
      18 words
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      Page 15 Advertisements Column 4
      795 15 T~\ singapork WvM^Hssvousiness WHO MATTER Times Penodcats Put*cano" n*[ MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC. GULF, ATLANTIC, EAST CANADA, ASIAN PORTS ißg; m i 3 m •9NGAPORE CIQSKG TIKS CY 13tti June 1600 HRS CFS 13th June 0400 HRS TO: BELGIUM, HOLLAND, GERMANY, SCANDINAVIA, SWITZERLAND, AUSTRIA, FRANCE
      795 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      955 16 MißCam MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Contain* Serwce Feeder *P Mang Vessel 8 DAHLIA 12/6 B PERMAI B PtNAGA 19/6 KORRIGAN B DAHLIA 26/6 NIHON B PENAGA 3/7
      955 words
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      Page 16 Advertisements Column 2
      191 16 SUPERCARRIER SERVICE Barter Bfcie Sea FROM: US GULF US ATLANTIC EAST CANADA MMOIIOCIMJS BM» TOM una rsi P Kdanf I Nm| Jakarta KIT MRNALS "BARBER TONSBERG" km 17. "BARBER TENNESSEE" to* 20 ALL KSSRS WITH SMCAPOK AT BBS TERMMI GODOm 47 "BARBER PRIAM" tow 25 "BARBER THERMOPYLAE" to? 5 TO:
      191 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      580 17 FAR EASTERN FREIGHT CONFERENCE NOTICE TO SHIPPERS AND RECEIVERS COHTAIHER SERVICE TARIFFS HO. 1 In view of a general increase in rates announced by Container Hauliers in Singapore it has become necessary for the Conference to adjust the Singapore Carrier Haulage Zone Transport Charges for movements to be effected on
      580 words
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      Page 17 Advertisements Column 2
      559 17 pig Franco Belgian Services (Fill Fait Fr.-.ich Service ith t\ir Fiisttrr. Lines'* ACf CONSO«T L« nn contmosw soma to europe FIJU CCWMPSg gMP FROM EUROPE TRANSWORID BROGE SAUD lOCATOR 1? km OMENTAL CMP 20 km* rn CONTARO 21 to* KOREAN MCERN 30 kn SNGAPORE P KELANG Le Haere R dam
      559 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      798 18 Hapag-Lloyd TO NORTH EUR Off Kowtoon Bay Hongkong (iftni Haiibwi Eiprtn Tokio f ipreii I EXPORTS I Also accepting transhipment cargo tor CARIBBEAN WEST INDIES »ia Hamburg TO WORTH nHOK/MEMTEMWt*/ Riederstem Ma Riclimers Mosetstem TO USA/CWWW Feeder Hongkong Eiprtit IM*| Eiprets Totn Elpr.ll Nmarfa Eipresi S pore Pit Pen Bilbao
      798 words
    • Advertisement
      Page 18 Advertisements Column 2
      478 18 If nor A SHIPPING r\ UnLn corpn P. K elanj PENANG SPORE VEGA 161W 28-30 June 1-4 My 6 8 July FROM BUS AN BANGKOK VEGA 162E 28-30 June 1-4 July 6-8 July TO BUSAN ALTAIR 165W 10-13 July 14 17 July 18-22 My FROM BUSAN BANGKOK ALTAIR 166E 10-13
      478 words
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      Page 18 Advertisements Column 3
      571 18 0 EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CARGO FOR: UNITED KINGDOM iiOu I HAMPTON, LONDON. MANCHESTER. BIRMINGHAM, BRISTOL. LIVERPOOL. GLASGOW, LEEDS ETC. WEST GERMANY BRLMERHAVEN. OSLO. STOCKHOLM, GOTHENBURG. AARHUS. COPENHAGEN HOLLAND AMSTERDAM r *>■» Wq MMh f*tkw Antwerp I. Mwr. 20/6 1/7 «/7 6/7 1/7 9/7
      571 words
    • Advertisement
      Page 18 Advertisements Column 4
      1028 18 Everett Lines IRI LOADING FOR RANGOON Dndurgwg «Oy PHASHWGTAWTKA PA AN PAGAN moum* m NOS Kl *****2/*****9 r Companta Ar|«ntina Dt Navawdon Intarcontinantal S. A. C.I. F. 1 "ARGENTINE NATIONAL LINE" LOAMNG FOR DURBAN MONTFVDEO BUENOS ARES ACONCAGUA fpTfA Transportation Maritima Maxicana S. A. "MEXICAN NATIONAL LINE" FAR EAST/MEXICO 1
      1,028 words
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      Page 18 Advertisements Column 5
      389 18 W).S.E. OCEAN SHIPPING ENTERPRISES PTE LTD IO SANKYO LINE JAPAN/STRAITS SERVICE Soifapore In Port In Port 15-17/6 19-20/S 16 17/6 21-22/6 27 28/6 30 1/7 5-6/7 6-7/7 P Penanj EVER LIGHT GANUNG KL ABAT HOKO MARU PAZ ESTRELIA OCEAN RESOURCES PARCO TRADER TAtSHO MARU OASIS DUKE MARU MARU SAINT SENT
      389 words
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  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      811 19 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO, HODEIDAH. JEDDAH AQABA (Reefer Cntrs Acceptable) 23-24/7 26-27/8 29-1/10 Accepting LCL Cargo to Colombo A Aqaba. *FCL Closing 17/6 2300 Hra. S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS' VESSEL NEP TOPAZ NEP ZIRCON NEP TOPAZ NEP ZIRCON VOY. 42/43N 42/43N 445/45N 445/45N
      811 words
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      Page 19 Advertisements Column 2
      896 19 BENZINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE HBURG B HAVEN ROAM HAVRE SOT ON W Germany, Austria Antwerp Franc* AN U K 5/7 7/7 1/7 10/7 J/7 1!« iHI 11/1 11/7 14/7 20/7 22/7 23/7 25/7 11/7 VJI 31/7 31/7 2/1 25/7 3/1 5/4 C/| I/O j/| VI 9/0 10/1
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      Page 19 Advertisements Column 3
      609 19 Si v Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE TO MED/UK/NC/SCAN NKM 301 stuwn* 7/7 SUM 14/7 tO KM* 71/7 NED HOOKA 21/7 1) Barcelona C««o* Lahore 2) Amsterdara Antw» Ll Haw. trwrpool UK. Canary bid* Bremen BreiaerMea. AarPas. CapeaPi|e»i. NM 4) Mm. Aa M> msn accept** carp tor Banfkot
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      Page 19 Advertisements Column 4
      600 19 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNON I S. AFRICA AFRICAN EXPRESS Also occepting FCL containers. Spore: 10/12 June (looding direct for Reunion, Durbon and Capetown only) Lines U.S. WEST COAST SERVICE N and from SfO I be* SPOKE Sat Tac VK LESUEIYKES 13/8 9/S 17/7 12/1 13/1 18/1 ASfcEY
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      647 20 K LINE KAWASAKI RISEN KAISHA, LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA Cvpn atw acceptable tor Oakland ta Perttmd. Houston. Satmtori. CKearn Boston St Wn. PMadofcfca. Nortoft Bjtanori Sa»anuh, Jactiom* TO EUROPE S'pore P KHanj L Havre R'dam H burf Bremen A'attp lACEJW 10W 3/7 4/7 22/7 23/7 25/7 28/7
      647 words
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      Page 20 Advertisements Column 2
      658 20 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE loathg Hr lOS ARGEUS. SAN FRAACISCO St»TTLE UCOMA VANCOIMR BC. Acceptng FCL/FCt Contanan P Mang Singapore A"*** Sfl U My II 6Mg AUSTRALIA EXPRESS CONTAINER SERVICE Acceptng FCI/FCI Cart men NEW ZEALANO SERVICE im*i turn trmnoß. kumctoh. mourn ra/rci ci—i BSHSr_ T Smfjootf
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      Page 20 Advertisements Column 3
      539 20 O S A(>roup SINGAPORE SHIPPING AGENCIES PTE LTD 20TH FLOOR. OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LINES) GENERAL *****1 (14 LINES) TERMINAL OFFICE *****83 TELEX RS ***** RS 2SS6B A/B CARSHIP CABLE CARGOSHIP I'l'ijiiNml Container IJnes WEEKLY CONTAINER SERVICE to/from BANGKOK VOY 175/17* ItS 17* its in its in
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      Page 20 Advertisements Column 4
      611 20 KORINS MARITIME SERVICES ft Room 601, ICB Building. Shenton Way. Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 HIDDIi EAST/HEP StA/EUROPt SERVICES STORE P. KELANG LOADING FOR: YONG WN 30 Jun Alexandria/Tripoli/ P.Sudan/Jeddah KOMAMNE 2 hi Bahrain/Kuwait BUNGA VANDA... 10 Jul Iran Ports V&ii Hyundae Shipping Co. Ltd. ASIA MERCHANT
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      Page 20 Advertisements Column 5
      703 20 NTRQSEA (PTE) LTD. Fat>er House. 234E Orchard Road Singapore 9 Telephone *****11/*****57 v-t. wam uai REGULAR NKPENDENT BREAKBULK SERVICE TO EWOPE/UK S pore P. Ketanf Penary Laadn| tar: WORLD STAR ***** In Part Saied BOULOGNERDAM/ UK (AVON) NOR ASIA ***** iU 9 JU <k> "ORASIA ***** 6 Auf 10 Au{
      703 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      676 21 NEPTUNE ORIENT LINES LTI FAR EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE/UK (VIA SUEZ): member of tf>e ACE Consortium TW BADGE 6*. HK CONTAINER 26*. K. JACEJIN lON C. CONTAINER 12W... N. GARNET 6W Also accepting cargo to/from Scandinavia MERCATOR S pore Closing Times: FCL Cargo LCL Cargo FROM EUROPE (VIA
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      Page 21 Advertisements Column 2
      420 21 MALDIVE LINES NAZAKAT Loading For Dubai only MALDIVE NOBLE Loading for Karachi/Muscat/ Dubai/Dammam MALDIVE PLEDGE Loading for ieddah MALDIVE UNITY Loading For Karachi MALDIVE IMPORTER Loading For Male MALDIVE PRIZE Loading For Dubai/Dammam/ Kuwait MALDIVE PIONEER Loading For ieddah ETA KUANTAN ETA PORT KELANG FOR BOOKINGS t ENQURfS PLEASE CONTACT:
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      Page 21 Advertisements Column 3
      470 21 full container service INOIA/PAKIBTAN/SINGAPORE SERVICE NORASIA LINE HAVE PLEASURE IN ANNOUNCING THE INAUGURATION OF THEIR INDEPENDENT FORTMGHTLV INBOUND SERVICE FROM KARACHI ANO BOMBAY, COMMENCING WITH THE "ANANGEL ENDEAVOUR" SAILING FROM KARACHI 3RD JULY AND BOMBAY STH JULY For all enquiries contoct agents INTRASEA (PTE)LTD Faber Houm, 234E Orchard Road, Singapore
      470 words
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      Page 21 Advertisements Column 4
      47 21 At PSA G»—wb II General Survey on damaged cargo discharged ex the above vessel will be held on Monday 15th June 1981 as from 9 00 am to 12.00 noon. No further survey will be held after this date. AmII WOiUJJ-WTDE PACIFIC MARITIME (PTE) LID tel: nmm
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      583 22 PEACE LINE Regular container FCL/LCL services to Australia Sydney, Melbourne, Adelaide, Brisbane Europe All ports including UK Andersoe V.23(T/S) 30/6 Taurango Eagle Arrow V24<T/S) 9/7 Timoru,Auckland Napttr Also calling Hong Kong, Taiwan Japan ATLAS LINES REGULAR HDOENKNT SORCf TO W© FROM CWTTAGONG CHALNA SH6APORE PKELANG PENANG tn Port 11/14 kw*
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      Page 22 Advertisements Column 2
      618 22 *11 W OCEAN LINES REGULAR NON CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE (Also accepting cargo lor Ri|eta Bourns Constawa. vuDtett to inducement) S pore PAetang Penang loading toi UWQUE CHALLENGE H SVR 17 M fort Sjid/Ateiandru/Lanaswi P*aew/B«wl/l«tt*ia/ OWNED VESSELS maa sagasia pte ltd. Rl|rj| (LOUIS DREYFUS GROUP OF COMPARES) K/IMI (Tel:
      618 words
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      Page 22 Advertisements Column 3
      266 22 esssasra KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAN/STRAITS/JAPAN Fully Containerised Service Tokyo Kobe S pore Penang P Kelang S pore Tokyo Kobe Sid SU 10/6 12/ C 13/6 16/6 26/6 27/6 1/6 11/6 22/6 24/6 26/6 27/6 7/7 1/7 21/6 30/6 10/7 12/7 13/7 16/7 26/7 27/7 Bwrttad Sfcvpng *****4/*****5 ii
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      Page 22 Advertisements Column 4
      304 22 2 WOOD LINE Bulk Timber and Plywood Service UK/CONTINENT SERVICE Spore PKetong Tg Hani Loadng tar: MOUNT HANOI Nl 004 20/6 24/6 16/6 AMT/MUfl/ UK/ESM Stm PME M. 006 2/7 10/7 30/6 AAKTTS/KDM/ UK/ESBEK Nl 006 20/7 30/7 25/7 HAKTES/RDM/ UK SOUTH AFRICA SERVICE Spore PKetong Loadmg far SA 001
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      Page 22 Advertisements Column 5
      317 22 aTransocean Liners (Pte) Ltd. lOOS-1008 10th Floor, Robino House, Shenton Woy, Singapore 0106 Phone *****33 Telex: R*****9 Representing INTERMARITIME LTD. REGULAR SERVICE TO SOUTH AFRICA Singapore P.KELANG Loading for: MV "SAN PEDRO" Sailed In Port Durban, Voyage 23 Cape Town Agents: H.S.H. (M) Sdn Bhd Port Ketenf 5866%. *****6 KuaU
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  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      174 22 ?\oi i > 1 VI Fi N 1 a L» J /i. K5 tt kl a 3! J k& S CvN f< Is C —S Win* Wind direction with speed in knots SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R, Thunderstorm Temperature °C shower Weather s~J
      174 words