The Business Times, 25 August 1981

Microfilm: NL11220
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, AUGUST 26,1181 60 CENTS
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  • Article
    OUE embarks on first overseas property venture
    320 1 YET Mtther Stagapsre gmp at a—p— l» Is Aver» rifytag late property 1« vertmeat ahread, land perhaps by the petoattally gasd retans tow» wh a veatare. The latest te Jamp aa the foreign piepiety haadwagea la Overseas (Jalea Eaterprise (OUE). The pup yesterday
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  • Article
    SIA profit up 38pc
    546 1  -  By LILLIAN CHEW WHILE the world's major carriers struggled to keep their heads above water, Singapore Airlines soared to greater heights with profits rising by 38.6 per cent for the financial year ending March 1981. The airline reported profits after taxation of $94.8 million compared with
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  • Article
    Hongkong Land in joint-venture talks
    526 1  -  By FLORENCE CHONG HONGKONG Land is reportedly discussing the possibility of Jointly developing a prime city site with two leading Australian companies. The discussions are believed to be with TAA, one of Australia's two main domestic carriers, and the Rural Bank, owned by the NSW
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  • Article
    Index loses 12.7 points
    196 1 A TWO-DAY rally on the stock market towards the end of last week could not be sustained yesterday and share prices went on a slide again. There was little support throughout the day as prices eased to bring the Straits Times Industrial Index 12.74 points lower
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  • Article
    Bright outlook for equipment suppliers
    376 1  -  By RICHARD SEAH THE steady growth of Singapore's printing and packaging industries has created a promising market for equipment suppliers. By 1986, imparts of printing equipment is expected to reach $118 million, 25 per cent more than the 1980 import figure. Imports of packaging equipment
    376 words
  • BRIEFLY...
    • Article
      Lock icon Rates to go up
      64 1 UPI MANILA, Mon. Luxury hotels in Metropolitan Manila plan to raise group room rates at least 18 per cent on January 1, 1982, a ranking official of the Hotels and Restaurants Association of the Philippines said today. The Ministry of Tourism has yet to approve the
      UPI  -  64 words
    • Article
      Lock icon Hostage rescued
      74 1 Reuter STOCKHOLM, Mon. Swedish riot police stormed the residence of Iran's ambassador to Sweden today and freed him from a group of 30 opponents of revolutionary leader Ayatollah Khomeini who had taken him hostage. Ambassador Abdol Rahim Gavahi, his wife and a third Iranian were freed unharmed in
      Reuter  -  74 words
    • Article
      Lock icon Toyota profit falls
      65 1 Reuter TOKYO, Mon. Toyota, Japan's largest car manufacturer, said today that its profit in the past business year fell nearly 8 per cent even though sales were at a record high. The company said that for the 1980/81 year ended last June 30, after-tax profit fell to
      Reuter  -  65 words
    • Article
      Lock icon US arms supplies
      77 1 AP NEW DELHI, Mon. Prime Minister Indira Gandhi's government warned US Ambassador to the UN, Jeane Kirkpatrick, today that proposed new American arms supplies for Pakistan could trigger a costly arms race in the Asian subcontinent. Indian External Affairs Minister PV Narasimha Rao emphasised to Mrs Kirkpatrick
      AP  -  77 words
    • Article
      Lock icon China visit
      56 1 Reuter Beijing, Mon. US Senator Mark Hatfield said he thought President Reagan would visit China sooner than later. The Oregon Republican told reporters after talks with Chinese officials that the Chinese are most anxious to receive Mr Reagan and he would personally urge the US President to come
      Reuter  -  56 words
    • Article
      Lock icon Asean cooperation
      89 1 AFP KUALA LUMPUR, Moo. Asean is a force to be reckoned with, as shown by the (act that issues brought up by the regional grouping are given due consideration by the world community, Deputy Prime Minister Datuk Musa Hitam said today. He told an Asean inter-parlia-mentary organisation delegation
      AFP  -  89 words
    • Article
      Lock icon Oil reserves
      67 1 Reuter BEIJING, Mon. Promising signs of oil and natural gas reserves have been found in an exploratory well in the East China Sea, the Ministry of Geology said today. "The prospects of oil and natural gas reserves in the area are quite bright," the New China News Agency
      Reuter  -  67 words
  • Article
    Rollei has subcontracts worth $1.2m a month
    570 1  -  By ALVIN TAY ROLLEI Singapore still has total sub-contract work worth $1.19 million a month. In addition, there is a prospective contract for its aluminium die-casting plant which would generate a sum of about $90,000 per month. The receivers and managers said, in
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  • Article
    Microcomputer training scheme
    174 1 SENIOR dvil servants will be trained in the use of microcomputers and programming languages under the Microcomputer Training Scheme (MTS) Implemented by the Ministry of Finance. About 1,000 senior dvil servants will take part in the initial stage of this scheme, and 50 microcomputers will be acquired
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      205 1 HOCK Lock Slew forecasts that 650 on the market index is the "rock bottom" Page 14 MALAYAN Tin Dredging and Malaysia Mining Corporation have finally concluded their long-awaited merger Page 14 THE first quality control circle convention here will be held in June Page 2 THE United States hopes Singapore
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      Page 1 Advertisements Column 2
      70 1 FRATA tt7 A FRATA NEWS NVOC GROUPAGE SERVICES TO AUSTRALIA BANGKOK COLOMBO HONGKONG NEW ZEALAND SWITZERLAND Established regular services operated by experienced staff giving personal service. Carriers liability covered through insurance with London Underwriters. Competitive freight rates. Ship with confidence through Frata NVOC Services. FOR MORE INFORMATION PLEASE CONTACT SANDY
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      3 1 Bee page 12
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      2 1 Ls>4(r~.pß|( 8
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      177 1 T\SNGArQIE business .FOR PEOPLE WHO MATTB? Penoc*cab Putaicaton Guide to MUSICAL Appreciation rmcH f ST V ORCHESTRA Andrw Rnvin sets out in this book to reveal the players on the platform, those anonymous men and women whose dedication and talent alone make the performance of great orchestra music possible. Retail
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  • TRADE AND INDUSTRY
    • Article, Illustration
      QC circle convention planned for June
      350 2  -  By WONG AI KWEI SINGAPORE will hold its first quality control circle convention next June. Jointly-organised by the Singapore Quality and Reliability Association and the Singapore Institute of Standards and Industrial Research, the convention will be modelled after those held in Japan annually when
      350 words
    • Article
      Problems facing urban centres
      168 2 A CONGRESS on the problems associated with urbanisation will be held in Singapore from Sep 1-5. Delegates from the 35 member countries of the Pacific Science Association will be attending the Paqific Science 4th Inter-Congress. The five-day seminar will be held at Hyatt Regency Hotel. About
      168 words
    • Article
      New address system
      453 2 ADDRESSES of all high-rise properties will be changed to conform to a standardised system throughout Singapore. The massive operation to re-number about 450,000 addresses will begin next week *ftd be completed by March *****. Under the new system, alphabets will not be used to indicate the floor.
      453 words
    • Article
      Course in business studies
      167 2 THE Singapore Institute of Management and Nanyang Siang Pau are organising a business studies course which, for the first time, will be conducted in Mandarin. The two-year diploma course is aimed at providing Chinese educated businessmen and executives with the opportunity to gain a wellrounded knowledge
      167 words
    • Article
      More places to pay
      107 2 THE multi-revenue collection system, which aims to make it more convenient for the public to pay their government bills, will be introduced on Sep 1. A total of 18 centres for the collection of income tax, property tax, road tax and hospital bills will start operation
      107 words
    • Article
      MEMO PAD
      515 2 SEMINARS AND COURSES Aug 3-Sep 7: Microprocessors Module 1 8000 A. Cuppage Centre. NPB Aug 4-28: Basic Industrial Hydraulics, Cuppage Centre, NPB Aug 12-Sep 25: Certificate in Organisation and Management of Maintenance Systems Part I, NPB Cuppage Centre, NPB Aug 15, 22, 29 and Sep 5: Wage A
      515 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      49 2 HWA Hong Manufacturing Co Ltd has appointed J B Chan (above) as general manager of its Malaysian associate company, Hwa Hong Manufacturing Co Bhd in Batu Pahat. Before joining Hwa Hong, Mr Chan was with the leaf division of Rothmans Malaysia as well as Rothmans Singapore.
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    • Article
      Japanese factory breaks new ground
      266 3 A LEADING manufacturer of power transmission products in the world, Tsubakimoto Chain Company of Osaka, has set up a factory in Singapore. Its investment appear to reflect a new trend in Japanese investments here. Tsubakimoto Singapore, which recently started production of conveyor sprockets for roller
      266 words
    • Article
      US seeks support for trade codes
      355 3  -  By SALMA KHALIK THE United States hopes Singapore will accept the Multilateral Trade Negotiations and support American policy of freer international trade. Mr William Brock, the US trade representative who left Singapore yesterday after a four-day visit, said Asean countries can provide useful leadership
      355 words
    • Article, Illustration
      Future of Asean business
      377 3 A PANEL of experts on Asean business will participate in a conference here in October on new business opportunities in the region in the Eighties. The conference organised by Times Conferences, a member of the Times Organisation, will be held at the Hyatt Regency ballroom on
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    • Article
      Second opinion for investors
      141 3 THE flhginw latenmttaa al rhsaahnr *f Commerce pUyi m Impertaat rate m a prtviofr m ncvmi •jamti U prtwtlil liveiton. Wknever they feel the Eeeaemle Develepaaeat BmH ptlatt tee rsey a pietare ef the eeeaeaay, pitea Oal lavestsra will tan te the BICC fer a "dMatereeted
      141 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      140 2 When your aircondmoner breaks down, so does your business. r w v 7rr«iirr''»T»«iT When you sign a Service Agreement with Carrier, you are not only making a sensible business decision, but buying peace of mind as well. Because the Carrier service team is a highly trained and motivated squad of
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      Page 2 Advertisements Column 2
      109 2 Leader... pag* GERMAN x Wr LANGUAGE 4,™ COURSES FnrnlmAPit 7» aas 0 flf fz nm Enrolment rspm 8 pm) (Beginners only on 31st) Fees $150 (1 term for 15 weeks/ 3 hours per week) $15 (membership fees) $25 (textbook) NEW!! We now also offer additional morning classes (10:30 12:00) for
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      291 3 For storage space maximization, go for STEINBOCK DEPOTLIFT the new generation high-bay narrow-aisle electric lift truck i The patented STEINBOCK Swina-Dush fork is: 7 STEINBOCK lIMC'' I irfr-tt m e side-reach attachment consists of a 180 turnable head and a permanent side-shifter. Stepless, Sensitive Controls are provided by a set
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  • RAW MATERIALS
    • Article
      Lock icon Easier trend on sugar market
      427 4 AFP THE EASIER conditions which returned to the sugar market the previous week continued last week, Czarnikow writes in its latest report. The second series of beet tests have been published for many countries and these confirm not only how well the current crop in
      AFP  -  427 words
    • Article
      RUBBER
      231 4 RUBBER prices in Singapore yesterday closed slightly lower with September One RSS buyers quoted at 227.00 cents per kilo, down 3.50 cents from last Friday's close. Morning prices were marked down slightly in line with Friday's final levels and London's easiness. Afternoon prices were easier on lack of buying
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    • Article
      RAS PRICES
      294 4 RA8 prices In cents per kilo yesterday; (per kilo) Buyers Sellers Int. 1 R.S.S. prompt l.o.b. 217.00 2U.00N Int. 1 R.S.S. September 227.00 227.30 Int. 1 R.S.S. October 229.50 230.00 Int. 2 R.S.S. ***** 202.00N UK/Coot ***** 201.00N Int. 3 RS.S. ***** 195 OON UK/Cont 193.00 194.00N Int.
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    • Article
      SSR and SMR
      112 4 NOON SSR and SMR pnca> yi eterday RA8 SSR 20 SSR SO (1-ton pallet) (1 Ion pallet! Septeaber ICirral Mth) Buyers Sellers 196.00 196.00N 193. SO 195-SON October (Forward Mtk) Beyers Sellers 198.00 200.00N 196.SO 197.50N MUKLB Septeaiber October SMR CV SMR L SMR 5 SMR GP
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    • Article
      Straits Tin
      96 4 THE STRAITS tin price in Penang yesterday recovered Ave cents to MISS.II per kilo after dropping II cents on Saturday, advancing within the ITA celling range of $12.14 to $35.47, dealers said. They said Saturday's fall was a technical reaction after the sharp increases in the previous two
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    • Article
      CLOSING PRICES
      33 4 Rubber: Aug 24 Singapore: Sept: 227.00 cents (down 3.50 cents) Malaysia: Sept: 256.00 cents (down 3.00 cents) Tin: M*35.10 per kilo (up 5 cents) Official offering: 205 tonnes (up 30 tonnes)
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    • Article
      Japan's crude oil imports increased
      100 4 JAPAN'S crude oil imports rose 14.2 per cent in July to 116.24 million barrels from a three-year low at 101.83 million in June, but were down from 138.51 million a year earlier, the International Trade and Industry ministry said. They included 35.66 million from Saudi
      100 words
    • Article
      Produce exchange
      183 4 CHINESE Produce Exchange, Singapore, closing price* per ltf kg yesterday. Coconot oil: Bulk fob $122 50 sellers, old drum (in second hand drum) fob $136.50 sellers, new drum fob $141.50 sellers. Copra: Mixed (loose) $72.75 buyers. Pepper: Muntok white pep-, per fob Asta NLW $372.50 sellers. Sarawak white
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    • Article
      TEXTILES
      124 4 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cotton yam: China Blue Phoenix 20s 2.400; 32s 2.835. 40s 2.996 (per bale of 400 lbs). Pakistan raw cotton: LSS 5.97. 4F 5.96; 289F 6.00; NT roller ginned 5.96 (per lb). CLOTH in
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    • Article
      RICE
      327 4 SINGAPORE: Yesterdays closing prices in SI per kilo, ex-godown: THAI WHITE. 100 per cent first class (Kangaroo) new crop 1.36. 100 per cent second class 1.14, 100 per cent third class 1.10, 25 per cent new crop no stock. B-10 per cent no stock. THAI BROKEN: A-super 0.75. Special
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    • Article
      LONDON MARKETS
      817 4 COFFEE: Robusta coffee futures yesterday continued to trade without feature during the morning, ending the session with losses of up to £23 in the Sep contract. End morning prices were just above the lows and total volume was a modest 1,282 lots including 142 self trades. Dealers said
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    • Article
      PALM OIL
      123 4 THE Kuala Lumpur market yesterday ruled steady on light buying in quiet trading, dealers said. In August, north finished unchanged at Ms9oo a tonne while central dropped $15 to $880. In September, south and central gained $10 each to $875 and in October, central unchanged at $860. The
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      298 4 FURNITURE uiiii Touch of Class LUXURY INTERIORS PTE. LTD. 321, Plaza Singapura ANTWERP HONG KONG LOS ANGELES PRESIDEX JOHANNESBURG SINGAPORE STOCKHOLM I THE PRESIDIUM DIAMOND EXCHANGE SINGAPORE: 10th Floor, Wellington Building, 20 Bideford Road Singapore 0922. Tel: *****86/7 Telex: ***** HONG KONG: 16th Floor, Lee Hing Building 54-58 Des Voeux
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      249 5 In the race for same-day settlement the Chase has already won. Come October 1, clearing banks in the US will have only two hours to reconcile the days transactions. Can yours handle it? On heavy days as well as easy ones? Chase can. Now. As the biggest clearing bank in
      249 words
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  • OVERSEAS
    • Article
      Lock icon Reagan to tackle spending dispute
      602 6 DEFENCE OUTLAY TO BE CUT NYT US DEFENCE Secretary Caspar Weinberger and Budget Director David Stockman are expected to go to Santa Barbara, California, tomorrow to report to the White House on their efforts to reduce defence spending below the levels favoured by Weinberger. The
      NYT  -  602 words
    • Article
      Lock icon HK business expects better third quarter
      141 6 Reuter BUSINESS in Hongkong in the third quarter of 1981 is expected to improve further after a moderate upturn in the second quarter. A recent survey by the Census and Statistics Department in Hongkong indicated that almost all sectors reported a better performance in
      Reuter  -  141 words
    • Article
      Lock icon A book to help US businesses deal with Japan
      209 6 UPI WITH a grant of ISSIM,MI from the Honda Motor Company, Ohio State University professors have prepared a book to help American businesses deal with Japaa which is America's chief trading partner. Basinet* tad SaeJety la Japaa: Fondameatals far Businessmen was
      UPI  -  209 words
    • Article
      Lock icon US benefited most from China trade
      347 6 AP THE UNITED States has gained more than the other industrial countries from China's efforts to modernise. A study by a leading analyst. Lynn Feintech of the Bank of America, says: "Although the industrial countries have all benefited from the increases in China's trade
      AP  -  347 words
    • Article
      Lock icon LIBYANS FIRED FIRST
      301 6 Reuter LIBYAN planes opened fire first in last week's battle with American navy jets over the Mediterranean, Libyan leader Muammar Gaddafi said in Ethiopia on Sunday. The official Libyan news agency J ana quoted Colonel Gaddafi as saying his Soviet-made fighters had no orders to attack US
      Reuter  -  301 words
    • Article
      Lock icon Indonesian oil price to stay unchanged
      470 6 Reuter INDONESIAN Oil Minister Dr Subroto has said the failure of the Organisation of Petroleum Exporting Countries (Opec) to agree on a unified price structure would not affect the shortterm cost of Indonesian crude. However, Dr Subroto, who is the incumbent Opec president, added
      Reuter  -  470 words
    • WORLD IN BRIEF
      • Article
        Lock icon HONDA'S NEW CAR GADGET
        378 6 Agencies HONDA Motor Company of Japan has announced a new inertial navigation system for cars which would allow a car driver to determine the shortest route to a destination in case of heavy traffic or at night. Employing a- sealed helium gas-rate gyro, the new electro
        Agencies  -  378 words
    • Article
      Lock icon UNION ACTS AGAINST NISSAN
      124 6 UPI A CAR union in Australia has banned the import of Nissan cars into the state of New South Wales because the company plans to replace its locally-built transmissions with imported units. The state secretary of the Vehicle Builders' Union, Joe Thompson, said on Sunday the
      UPI  -  124 words
    • Article
      Du Pont invests in nylon resins plant
      340 7 THE Du Pont company is to add a US$2O million nylon resins plant to its $300 million investment in Asia to serve growing markets, including those in South-east Asia. Mr G R McKay, president of Du Pont Asia Pacific Ltd, announced that a
      340 words
    • Article
      Lock icon Sony unveils new filmless video camera
      309 7 Reuter SONY unveiled yesterday a revolutionary video still camera that uses an electromagnetic system which dispenses with the need for conventional film. Chairman Akio Morita said his company's new Mavica camera, about the size of a standard camera, records an image on a magnetic
      Reuter  -  309 words
    • Article
      Lock icon No quarrel in Asean over ties with China
      165 7 Reuter MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamed said in Bangkok yesterday that Asean members do not quarrel over the different degrees of relationship they have with China. He said some people think Thailand is close to China while Indonesia has
      Reuter  -  165 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      700 7 ARRIVALS Service Local From Operator Number Time SIA SQI03 1045 KUL GIA GA908 1045 MES PAL PR501 1065 MNL SIA SQ191 1105 PEN SIA SQ240 1125 MES MAS MH682 1135 KCH MAS MH681 1130 KCH SIA SQ1 1210 SFO/HNL/HKG SIA SQ203 1230 HLP GIA GA944 1245 PKU
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    • Article
      Lock icon Third World warned
      561 7 Reuter, AFP OIL-IMPORTING developing countries must make structural adjustments with the help of wealthy nations to reduce their current financial burdens. This advise was given by the former chairman of the World Bank, Mr Robert McNamara, in Kobe, Japan yesterday. He told a conference that developing countries
      Reuter,; AFP  -  561 words
    • Article
      Lock icon TEHERAN CONTINUES KILLINGS
      122 7 AFP A FURTHER seventy three opponents of the Iranian government were executed over the past three days. Most of the executed were members of the Left-wing people's Mujahadeen who were accused of armed attacks. On Sunday, the newspaper of Iran's ruling party reported 23 other executions since
      AFP  -  122 words
  • Page 6 Advertisements
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      200 6 r t >w< p; ITTS K 'v" -•"i* t" •?jc *V- "-iTr. Mb* v .jjfc-fyrftfijjtoi HIV "rTTr U. >OP| fc 7-* fc 91 iS 54V dR -*_/<■ THAI JUMBOS TO EUROPE WE'VE ADDED TO THE HERD Visiting the great European cities with Thai is becoming increasingly convenient. Now with additional
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      Page 6 Advertisements Column 2
      102 6 INTRODUCING STARLITE SHOWER SCREENS. AUSTRALJAS BEST SELLER. G >°, m SH° M -> *3* N 1 A Starlite Elite Sliding Shower Screen has these unbeatable features: sliding-door design to save space completely rust proof cleans with a wipe a range of brilliant colours made to fit your exact needs Free
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      358 7 THE LARGEST-SELLING CHAIN-SAW IN THE WORLD. HCTomr *(P*fStMTArrn fo* SOUTf iAST AStA if STHL&EAJPTE LTD Unit 1003, 10th Floor, Tan Boon Liat Building. Outram Road, Singapore 0316. Tel: *****47 (3 Lines) Cable: STIHLSEA Telex: RS ***** Deciding whote driving has never been so difficult V* > w V-'2 ■y s<~\
      358 words
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  • Article
    Two addresses for the price of one
    475 8 IT HAS BEEN on the cards for some time that there would be some rationalisation of the way in which housing and commercial units are numbered. There are few people around who do not have a favourite tale of how they failed to
    475 words
  • Article
    Performance other airlines talk about
    207 8 THE SINGAPORE girl and the men behind her have reasons to smile. The yellow bird has managed to stay out of the lenghty casualty lists of money-losing airlines. In a year the International Air Transport Association terms the worst in airline history, with lata members
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  • Article
    Lock icon It is really very easy ...
    1812 8  - It is really very easy In her sixth article of a series on the impact of new tax laws in US, KAREN ARENSON attempts to allay the fears of those individuals who may be put off by the complexity of tax-free retirement accounts. The rules, she reports, are as easy
    NYT  -  1,812 words
  • Article
    Why is the SES still dragging its feet?
    309 8 Dear Sir, I ptreiuuH a amber ef shares at KeppeJ Shipyard, Perils Plaatatlea, Budw Baya aad Haw Par daring mld-Jaae aad early ialy IM. Ta date, I have received Debit Nates far aaly per ceat of these purchase*. I woader why the
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  • Article
    Brokers in very special position
    435 8 Letters to the Editor The Editor Business Times I refer to Roland Ma's letter in your Aug 22 edition. Of course brokers have every right to sell shares as do other clients, and shorts perform a purpose, they are the only persons who at some
    435 words
  • Article
    STRONG GROWTH
    607 8  -  Boost for the Japanese economy: surging exports and falling imports. JONATHAN THATCHER reports. JONATHAN THATCHER JAPAN'S enviable economic strength is certain to continue over the next six months, but it will be baaed primarily on export performance rather than domestic growth. According to a recent estimate, economic growth
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  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      680 8 -11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Burning palms possibly? < 5) w--8 Figure a complaint to be general(s) 10 A tasteful shade of brown (5) 11 Standard of play (3) 12 Snap the brake? (5) 13 As taught by past master? (7) 15 Stop putting a key in a box
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    • Miscellaneous
      Page 8 Miscellaneous Column 2
      814 8 TV Music versus hysterics TONIGHT, yea ire diered •enni cMm: yn cm etlek ap «i Ike wtt—lag (eh t till), yea aaay mat to have a tew laaghe ataag with Dave Allea Aid FtMi (eh t, 1«J») aad raaad eff with the "Dtoerder" ea Baraey Miller (eh i, U)It aeeaiel
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  • Article, Illustration
    A niche in Hongkong
    1732 9  -  Nine of Singapore's 13 local banks are represented in Hongkong. ALVIN TAY, who was in the British Colony recently, detects an air of amicability among them. In this article he traces the origins of their set-up, discussing their operations and some of their problems there. ALVIN
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  • Article
    Lock icon Facing up to foreign competition
    413 9 Reuter THE ABILITY of foreign banks to make major inroads in Canada is being treated with scepticism by bank analysts. "Canadian banks have a broad enough deposit base to be fully competitive with any foreign bank funding loans from the money market," said Robert Gay
    Reuter  -  413 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      612 9 GUTHRIE BERHAD (Incorporated in the Republic of Singapore) INTERIM RESULTS The directors announce the unaudited results of the Group for the first six months of 1981. Although turnover increased by 9.4% to almost $146.5 million, operating profit declined by 13% to $6,473,000. This was partly due to the increasingly competitive
      612 words
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      Page 9 Advertisements Column 2
      305 9 A high speed word processing system for MANUFACTURERS Use Burroughs for business correspondence, technical manuals, direct mail, memos, reports and purchase orders. E9 A comprehensive word processing system for ACCOUNTING FIRMS Use Burroughs to make sure figures are correct before they're put into financial statements, proposals, tax returns, audits and
      305 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Sony's rise on NYSE
      623 10 IMPRESSIVE UNDERLYING GROWTH NYT THE SONY CORP, a solid contributor to the quality image enjoyed by Japanese products, has made striking gains in the equity market in New York. The American depositary receipts the trading vehicles in the United States market that are known as ADRs
      NYT  -  623 words
    • Article
      Lock icon AEG gets helping hand
      121 10 Reuter A CONSORTIUM West Germaa will meet ■ext meato to discass farther ways to kelp reorganise toe Isss-mnklag electrical company AEG-Tele-fsakea AG, aa AEG spskesmaa said. Stsek market dealers expect Stoadard Dektrtk Lereas AG (SEX), aa 81 per eeat subsidiary sf lateraattoaal Tetophaae aad elegrapk Csrp
      Reuter  -  121 words
    • Article
      Kodak achieves buoyant first hall
      397 10 EASTMAN KODAK has achieved higher sales and earnings for the second quarter and the first half of 1981. For the quarter, worldwide sales were U552.42 billion, a 13 per cent increase over the $2.13 billion reported for the second quarter of 1900. Net earnings increased
      397 words
    • Article
      CSR STAKE
      78 10 CSR is rationalising its interests in its 50 per cent subsidiary. Ready Mixed Concrete. (RMC), which it owns Jointly with BMI Ltd. On Oct 1, CSR will purchase BMl's stake in RMC, after which BMI will acquire RMC operations in Queensland, Victoria, Tasmania and the UK. CSR will
      78 words
    • Article
      Deutsche BP
      65 10 BRITISH Petroleum Co Ltd subsidiary, Deutsche BP AG, made a 600 million to 700 million Deutschemarks pre-tax loss on its oil activities in the first seven months of 1981. Last year the company had a first half net profit of 72 million marks on turnover of 12.2 billion
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      Page 10 Advertisements Column 1
      729 10 {"-!:^}`+@/(,"$|}<]~|-=*'&,'+?% "The American Express Card serves you well, wherever good food is served. lubertud tSrill For lunch. For dinner For a richly rewarding experience. /■>!. vMt 'sn"/t'', n /.;<• i >t I !< < ili !i <l') :><) 111 f rh.:r,]t- > <vss .S. ;f.f (iiii. ,V .Sms.i.ll Si 7
      729 words
    • Advertisement
      Page 10 Advertisements Column 2
      144 10 k i X The Dragon Palace Restaurant is where you can dine in regal splendour and dance to the me)low sounds of yesteryear. Spacious enough to accommodate 450 people in comfort. Dragon PaJace Restaurant also caters to the cosy twosome' Ox ley RiM/Penang Road. Singapore 0623 Tel: *****11 (20 lines)
      144 words
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  • BANKING AND FINANCE
    • Article
      Singapore market
      464 11 THE US dollar recovered against major European currencies after an easier opening in thin late trading yesterday. Dealers said the late recovery was a correction to last Friday's overdone weakness of the US unit in New York, adding there were no fresh factors affecting the market. The US
      464 words
    • Article
      GOLD
      220 11 SINGAPORE gold futures yesterday closed slightly lower compared with last Friday's close after fluctuating narrowly in thin trading, dealers said. Total sales for the day was recorded at 42 lots while kerb volume at 16 lots and prompt closed slightly weaker at U*****.00/430.30 an ounce against 429.50/431.00 last Friday,
      220 words
    • Article
      Silver quotes
      36 11 FH hart New York 9 SB 9.SOB 9.15S 9.70S Zurich 9.55B 9.45B 9.73S 9 65S Mm N Singapore 9-50B 9.50B 9.70S 9.70S Closing prices In US dollars a troy ounc Source: Credit Suisse, S'pore.
      36 words
    • Article
      PLR
      22 11 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 14.02 per cent.
      22 words
    • Article
      ASIAN $ RATES
      179 11 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Aug 24. US DolUretSpei) Offer BM 7 days 184 1 month 184 184 2 months 184 184 3 months 18 13/18 1811/18 0 months 1813/*****1/18 0 months 17 15/18 17 13/18 12 months 17 13/18 1711/18 Das. (MmMIc Price.)
      179 words
    • Article
      Discount
      41 11 RANGE at price* offered by discount houses on Aug 24: Overnight: TO Call deposits: to 7% Closing Baying Selling 3-month Treasury bills 8H a** 3-month Bank bills 14 3/16 141/16 3 months CD 13 12% 6 months CD 12%. 12H
      41 words
    • Article
      HONGKONG
      155 11 THE US dollar yesterdy recovered against most leading currencies in thin but fairly active late trading, dealers said. They said the late recovery was a correction to Friday's overdone decline of the US unit in New York, adding there were no fresh factors affecting the market. The dollar firmed
      155 words
    • Article
      TOKYO
      111 11 THE US dollar for overnight delivery yesterday closed easier at 226.90 yen compared with a 227.50 opening here, a 227.20/50 close in New York and 227.60/80 on the West Coast on Friday, dealers said. It was sharply lower than the 228.96 finish here on Friday. Trading was a moderately
      111 words
    • Article
      London
      56 11 Opening quotes yesterday US -1.8770/» Can 2 2602 34 Croat ***** /51 D Mk 4.5800/75 D F1 5.1000/15 S FT 3.9975, 4.0025 B FY (coo) 74.82/9T F FY 10.9750 525 Lit 2300.00/2304.75 Yen 425 29/426.19 D Kr —14.4125 325 N Kr 11.4175 300 S Kr 9.7850/975 Aim acta 32.17/24
      56 words
    • Article
      Easier terms for aircraft credit urged
      361 11 EXPORT credit for the purchase of aircraft may be extended to 15 years instead of the usual 10 years if a suggestion made by Mr Robert Wyatt of Midland Bank International is adopted. A good case can be made for increasing the period, Mr
      361 words
    • Article
      PARTNERS IN BofA VENTURE
      129 11 POUR Bmth Ksreaa bari■ess fear— have beea ehssea to tmn major pwtidputo la a pripmi Jiiat veatore baak with the Baak at America. A preparatory secretariat, set ap by the Ksreaa Chamber ef Commerce aad ladsstry (KCCI), said Dmwas, Stouug, Ssaagysag aad Talhaa Etertrir Wlrr will
      129 words
    • Article
      INCREASE
      90 11 INDUSTRIAL aad Ceaimerclal Baak will raise Its laierest rates tor fixed depesito by II psiat an— the heard today. Oae-meath dupsslto will eara tatorest sf 12 per eeat, while the ether maturities will get 11.11 per eeat. Baaqae de Lladeehtoe et de Saes yesterday raised Its latorest rate tor
      90 words
    • Article
      Greater holdings in treasury bills
      417 11  -  By ALVIN TAY THE FOUR discount houses here continued to switch to more short-term securities because of further increases in interest rates last year. By the end of last year, treasury bills had risen to form 68 per cent of the houses' total assets compared
      417 words
    • Article
      YEN LOAN FRAMEWORK
      148 11 THE JAPANESE Finance Ministry is expected to expand the framework for yensyndicated loans for the second half of the fiscal year 1981 (October-March) from the 250 billion yen in the first half, banking sources said yesterday. The Ministry is also expected to relax the present ruling, which
      148 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      164 11 Let Le Gourmet transport you to France cMer a business lunch 2* Le Gourmet, the perfect meeting place for a quiet executive luncheon. Le Gourmet offers a delicious businessman's buffet of carefully selected dishes. Or you can choose from our 'a la Carte' menu that is superior even by the
      164 words
    • Advertisement
      Page 11 Advertisements Column 2
      429 11 NMOASys office automation for businesses that won't stop growing. The NBI System 8. Now the company of today can have the office of I tomorrow. I If you find that your company is outgrowing the basic System 3000 you don't have to worry about paperwork creeping up on you again.
      429 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1532 12 BID aad offer prices officially Baled and tamtam in ud reported to the Stock Exchange at jfcnrday with the number of abarea traded sown m onkctra in ion oc Ijm oaits, aal—i otherwise specified. section on* industrial a COMMERCIAL iauvswatsiffk 1.72 <4)
    1,532 words
  • Article
    Unit trusts
    171 12 <M r*t— f*m») The OwiiHtt IB 121 prtM DUMdVporePtf Mr Aug M) usjo The Smvlag* Fund LIS 1M Ml S'pore Prog Fund 121 1.44 LfT xm S-panSec Fund LM llflatd ■itfMiiW mill D UNIT S pore tawNt Fund I B LM LrVCWJ> WNj Mi) L2I LA S pore
    171 words
  • Article
    SHARE INFORMATION SERVICE
    2606 12 1M1 B«k Law Laat Bale ♦arOr*a Dir Dhr Cn Gr*a TM Net P/B Vol Day POQO) High Low SBCTION ONI HVDU8TB1AL 1 COMMBBC1AL om su on n CM aM 130 Ml an n an an Acuta Aleom Allied Choc BAT Bala Bouateadco sn an m an an
    2,606 words
  • Article
    In Kuala Lumpur
    1700 12 BID and otter prices «wiriany listed and IJustness in and reported to the Koala 'My Stock Rirhame yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. noumuii AIM (UB) (U) 1» (5) 10 (IT) X* (4) 1M od
    1,700 words
  • Article
    COMPANY MEETINGS
    58 12 JACK Chi* Bataptw (Malay*) Bntoi: AGM to be held at Conference Room, 101 Eastern Hotel, Jalan Sultan Idris Shah, Ipoh, Perak on Aug 26 at 2.30 pm. J OH AN Bililnn BarfcM: AGM to be held at Azman Wong Salleh A Co. 4th Floor, Komplek Kewangan, Jalan Raja
    58 words
  • Article
    Poor start for market as prices weaken
    546 12 fTWAfI spy start Is the mi ipM list PMoj 1 levdi tt tk« Skpfin wis law sal the tradtag Dssr st the mhsaji was fatet Nr BMst of the day. tenths sHfef hSiTi! Strslts Tines tadsstrtal ladex Ut heppat I.SS aetata. At the
    546 words
  • Article
    Easier close in Kuala Lumpur
    576 12 THE PACE af trading ■lamed down substantially with share prices easier at the Kuala Lumpur stock market yesterday. Despite a late upturn last week. Interest failed to Alter through after a shaky start It was obvious that market operators were holding hack fresh commitments. Consequently,
    576 words
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  • COMPANY NEWS
    • Article
      COMPANY BRIEFS
      300 13 GULA Perak Bhd has told „the Stock Exchange of Singapore that three new directors have been appointed to its board with effect from July 22. They are Haji Jaafar bin Mohd Wazir, Mr Kamarul Bahrin bin Badaruddin and Dr Thomas Varughese. The appointments follow •the resignation of Mr
      300 words
    • Article
      Hong Fok a good buy
      519 13 MERCHANT bank Guinness Mahon has recommended Hong Fok as a good buy in its market review letter for August. Hong Fok, which was priced at $3JB/$3.30 on Aug 3, was said to be standing at almost a 50 per cent discount to estimated net assets
      519 words
    • Article
      Lock icon HSBC forecast
      340 13 Reuter THE HONGKONG and Shanghai Banking Corporation is set to announce bumper interim results today for what it hopes will be the last reporting period before it gains a foothold in Europe, bankers and share analysts said. Based on lowest forecasts polled by Reuters, the bank should report
      Reuter  -  340 words
    • LATEST RESULTS
      • Article
        AMBASSADOR Hotel's
        70 13 pretax profit improved to $770,165 ($620,215 previously) for the six months to June 1981. Sales turnover also rose to $3.77 million from $3.02 million in the previous interim period, with average room occupancy at 80 per cent against 75 per cent previously. The company said that despite higher
        70 words
      • Article
        HARIMAU Investments
        65 13 said the net tangible asset (NTA) backing for each $1 ordinary share, based on the group's audited accounts as at July 31, was $1.46. This is a drop from its previous consolidated NTA of $1.61 as at end-June. Assuming full conversion of the loan stock into ordinary shares,
        65 words
      • Article
        Overseas Uanion Securities,
        48 13 another closed end investment trust, said its unaudited consolidated NTA as at end-July was $2.52 per share, compared with $2.80 at the end of June. The drop in the NT As of the investment trusts is in line with the recent fall in share prices.
        48 words
      • Article
        AMERICAN City Bank
        24 13 said it suspended the regular quarterly cash dividend because of current economic conditions and its pending takeover by United Overseas Bank.
        24 words
      • Article
        THE WILKINSON Process Rubber Company Bhd
        67 13 said an interim dividend of 8 per cent has been declared by directors for the year ending Sep 30. It will be payable on that date to shareholders on the register at the close of business on Sep 21. The company's transfer deeds will
        67 words
      • Article
        GREAT Eastern Life Assurance Company
        37 13 has an- nounced an interim dividend of 11 per cent less tax for the current year ending Dec 31. It will be payable to members registered in the books on Sep 26
        37 words
    • Article
      Lock icon Plans of UK-based Guthrie for Page
      890 13  -  By RAY MAUGHAN FT UK-BASED Guthrie Corporation is to make a US$6B million (£3B million) offer for Page Airways Inc of Rochester. New York. Page directors and their families have agreed to sell their holdings comprising 82.6 per cent of the company to Guthrie
      FT  -  890 words
    • Article
      Lock icon Investment seminar in Bali
      67 13 AFP INVESTMENT opportunities in the Asia-Pacific region will be comprehensively treated by a team of experts at a seminar to be held in Bali from Oct 5 to 8. The topics to be covered include opportunities in Singapore and Malaysian stocks, Asian commodity market prospects, the
      AFP  -  67 words
  • ASIAN STOCKS
    • Article
      Shares close steady
      227 13 HONGKONG SHARE prices yesterday closed steady with the Hang Seng index up 1.43 at 1,717.27 in fairly active trading, dealers said. They noted some early follow-through on Friday's buying interest but said fears over the continued weakness of the local currency dampened the rise. The performance of
      227 words
    • Article
      Sydney in dull trading
      366 13 GOLD stocks attracted attention in an otherwise dull sharemarket here as indications of a more stable bullion price enticed overseas funds into selected issues yesterday, dealers said. Central Norseman led the rise with a 16 cent advance to $7.56 while GMK firmed 10 cents to $7.20
      366 words
    • Article
      Selected indices
      30 13 H.K.HANG SENG Monday 1717.27 Friday.... 1715.84 Week Ago 1689 27 AUSTRALIAN INDUSTRIALS Monday 707.0 Friday 712.5 Week Ago 711.9 ALL ORDINARIES Monday 838.6 Friday .1 Week Ago «7J
      30 words
    • Article
      Manila
      74 13 THE stock market yesterday closed mixed as turnover rose to 4.8 million pesos from 2.9 million on Friday, dealers said. Among gainers were Baguio Gold, Oriental B and First Phil Holdings AUG M Pcaoa AcoJ* Mining 0042 unch AUM COO. A AUu Coo. B. aw -OJS Baguio OoVJ .0030
      74 words
    • Article
      Bangkok
      99 13 STOCK prices yesterday closed generally lower in slow trading, dealers said. Industrial Finance Corp fell two baht to 94, Saha Union two to 138, Rama Tower 0.75 to 46 and Bank of Ayudhaya one to 148. AUO M AaU Fibre Ayuthiym ln» And Trust Banikok Bank Buii Of Ajudl
      99 words
    • Article
      Tokyo
      442 13 SHARE prices yesterday closed lower in lacklustre trading with investors generally reserved. The market average fell 20.54 to close at 7,917.53, with volume 180 million shares. The Tokyo Stock Exchange index closed at 596.59, down 0.57. Blue chips and popuiars led the fall on sporadic liquidations, while machines, synthetic
      442 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      226 13 U Somebody called us busytxxjies the other day, and he isn't wrong. Our interest are so wide-ranging Jra^ S&% f®f range from ships to fertilisers, cars to chocolates, tractors to computer systems. In short, our interests are multinational and multifaceted. With a history and tradition of ecitrepreneurship behind U6, we
      226 words
    • Advertisement
      Page 13 Advertisements Column 2
      163 13 This announcement appears as a matte* of record only Asian Dollar Issue W August 30 1981 THE TOKAI BANK, LIMITED SINGAPORE BRANCH U. 5.520,000,000 NEGOTIABLE FLOATING RATE U.S.DOLLAR CERTIFICATES OF DEPOSIT DUE AUGUST *****5 Managed by FIRST CHICAGO ASIA MERCHANT BANK LIMITED TOKAI ASIA LIMITED Agent FIRST CHICAGO ASIA MERCHANT
      163 words
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  • Article
    Guthrie's profits drop
    237 14 PROFIT margins at Guthrie Bhd came under continuous pressure for the first half of its financial year ending December 1981. Increasing competition, coupled with a few other depressive factors, forced Guthrie's group pre-tax profits down a sharp 46.5 per cent to $2.5 million, from $4.68 million the
    237 words
  • Chief Price Changes
    • Article
      SINGAPORE
      144 14 Rises Indices C K Tu< 730 200 Aug 21 Aug 24 Spore Fodder Maian Fmills 245 10 BT Indicator: *****3 *****4 252 +8 Industrials: 724.97 712.23 H T*l-pu 160 304 218 045 S20 133 +7 Finance: 1653.16 1628.48 latraco Kulim M»U M Banking Keppel Ship U I Securities 6
      144 words
    • Article, Illustration
      KUALA LUMPUR
      150 14 «HAttK price* hum kwi agata aa Ike Stock Exckaage Tlafparr yesterday after ft twa-day rally towards Ike ead ef last week. The Straits Times ladastrtal lata fell 12.14 petals to TVLtS yesterday wklle Ike Baataess Times tadteator sf <*> day's If msst sf active stocks last W» petals
      150 words
  • Article
    HK LAND'S JOINT VENTURE WITH CARRIAN
    223 14 THE Hugkiif Laid Cempaay yesterday aaaaaaeed a SMI Jatat vesture pnjeet with Carrtaa I*vestmeata Ltd, to devetop aa ladastrtol she to Kwaa Taag, Haagkaag, aefaired far HK$l26 milltoa fr«m Geaeral Bettttag Ce Ltd earlier tfcta Math. The MCf aq m tot hekto a prime
    223 words
  • Article
    MMC-Malayan Tin merger
    491 14 HHBIH Companies Editor: Mano Sabnani MALAYAN Tin Dredging (MTD) and Malaysia Mining Corporation (MMC) have finally concluded negotiations for their longawaited merger, that will result in MTD emerging as a giant tin conglomerate. Under the terms of the agreement, MTD will issue a total of 238.3 million
    491 words
  • Article
    MUI to start legal action
    497 14  -  KOH TSE YING MALAYAN United Industries (MUI) has instructed its solicitors Shook Lin and Bok to commence legal action against Glen Holdings, a subsidiary of Goodwood Park Hotel. Glen, which was to have delivered its 8.5 million Hotel Malaysia shares and 9.5 million Ming Court
    497 words
  • Article
    LONDON STOCKS
    814 14 LONDON, Moo. Oil and gold shares closed lower today, while others were mixed with an easier bias in quiet trading, dealers said. At 3pm, the Financial Times index was down 1.4 points at 560.1. Oils moved lower throughout, following the ending of last week's Opec meeting without an
    814 words
  • Article
    Lock icon Think for yourself
    567 14 mm*** by HOCK LOCK SIEW THE proliferation of market commentary columns such as this one in other local and Malaysian newspapers in recent months is a subtle compliment to the effectiveness of this columnist, who first stuck his neck out as early as January 1979. While the
    by HOCK LOCK SIEW  -  567 words
  • Article
    Lock icon DOW JONES LOWER
    96 14 AP NEW YORK, Moo The stock market took a sharp drop this morning as hopes (or any early decline in interest rates suffered another setback. The Dow Jones average of 30 industrials, which dosed last Friday at its lowest level of the year, Ml 8.37 points to
    AP  -  96 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      37 14 AIRCONOITIONiNG, CASSETTE/RADIO AND CASSETTES, AUTOMATIC AERIAL, STEEL BELTED RADIAL TYRES, STREET DIRECTORY, PARKING COUPONS, BUMPER OVERRIDERS, UMBRELLA, TORCHLIGHT. IS ALL THIS UNHEARD OF IN A RENTAL CAR? The car rental company you've never heard of. Phone: *****30,*****24,*****7.
      37 words
    • Advertisement
      Page 14 Advertisements Column 2
      443 14 NEW BUSINESS OPPORTUNITIES IN THE EIGHTIES ASEAN ore these NEW BUSINESS OPPORTUNTTCS? WHICH ore the GROWTH INDUSTRIES? WHERE ore the PROFIT CENTRES? This conference wiH give you the most penetrating first-hand assessment of the business climate in ASEAN. THE SPEAKERS Or Vicente B Veldepenee Jr Dy Mjrmtef for Trod*, Phlppines
      443 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      65 14 Outlook for Singapore from 6am to lpm today: Cloudy with showers in several areas from midmorning onwards. Report for 24 bun prter to 7 M pm m Aug 24 at the airport: Maximum temperature 31.7 Associated humidity .-55 Minimum temperature 33.0 Associated humidity 86 Hours of sunshine 5.00 Rainfall in
      65 words
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  • SHIPPING TIMES
    • Article
      Manila's port services better after revamp
      241 15 SERVICES at Manila's national and international ports have noticeably improved. The improvement has been attributed to the streamlining of operations at the Port of Manila, and a slight decline in cargo volume handled during the first half this year. At South Harbour and the
      241 words
    • Article
      Container service to South Pacific
      548 15  -  By JAN LEE CHINA Navigation Co and Nippon Yusen Kaisha (NYK) are offering shippers from Singapore and Malaysia a full container service at direct rates to the South Pacific ports via Kobe and Nagoya. Containers bound for these destinations are feedered to either Kobe or
      548 words
    • PORTSIDES
      • Article
        Lock icon Kuwaiti proposals
        135 15 Reuter THE Kuwait Ports Authority is considering various proposals to overcome congestion caused by a steep rise in transit cargo. An alternative system for off-loading, the building of temporary docks and expansion of ports were among proposals to relieve the situation. The authority also did not rule out
        Reuter  -  135 words
      • Article
        Lock icon Attack by robbers
        101 15 UPI DARING robbers have attacked two cargo ships belonging to state shipping company Pelni and stole 11,000, a company spokesman said. The two Pelni ships, the 1,650-ton Inabukwa and the 960ton Sinopa, were sailing 400 miles northwest of Jakarta on their way to Singapore when they were
        UPI  -  101 words
      • Article
        Lock icon Ship hit by typhoon
        100 15 UPI A PHUPPINE freighter heading toward Japan lost its power on Saturday in the typhoon-tossed East China Sea, Japanese maritime safety authorities said. The skipper of the 4,786-ton General Vaides reported that the vessel was listing but not in immediate danger of sinking. Typhoon Thad was
        UPI  -  100 words
      • Article
        Lock icon Chinese slip dock
        37 15 AFP CHINA has built its first 100,000-tonne class slip dock, the New China News Agency reported. It is 204.75 metres long and 50 metres wide and built at the Dalian Shipyard in Liaoning Province.
        AFP  -  37 words
    • Article
      INDEX TO ADVERTISERS
      682 15 •hlpplBg Um PMe CM Achipelego vn AIM VI Afro-Euruta VI EM All tram vn H AlpaC VI B| Anfkutan VI ■J Anfonave V ANL i i AatoU vm i APL m 4/5 Al |llltlM IV 4 A3CL ID 1 A<U Merchant VI 4 KtmutU Liar V 1
      682 words
    • Article
      SHIPS IN PORT
      350 16 ARRIVALS KEPPEL WHARVES Builder (after Builder H) 22 Entre Rios n (1500) 33/34 Doluto (0700) 20 West Jalagovind (0600 after Annoula) 3536 Kota Makmur (after Ravi das sails) 13/14 Koto Cemoaka (0700 after Koto Melur) 1011 Min Fu (0530) 2330 Nan Cheng (after Feno Tao) 45 Nedlloyd
      350 words
    • Article
      Container Schedules
      842 16 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL 8 Xf Estimated Shipping Gdn Mode of Name No. Timeof Lines Operatn Date Time AnroAsia ***** 25.8.81 0700 Mansfield TA4 tt Omex Pioneer 01/336 25.8.81 2000 Borneo TA4 Bunga Permai 284 25.8.81 2300 Ned-E AC TA4 Green
      842 words
    • Article
      LONDON FREIGHTS
      1475 16 BROKERS reported scattered grain bookings on Friday including 17,000 long tons out of the Gt bound for Holland late Sep loading. The rate of US$24 was in line with recent similar business and appeared to dash owners hopes that the higher rates seen mid-week were the start of
      1,475 words
    • Article
      Record storage tonnage
      440 17 THE VOLUME of tankers used as floating oil storage reached a record high of 25.6 million tonnes deadweight last month, 63 per cent up on June. A total of 111 vessels, including combination carriers, were being used in July compared with 77 the month before, according to
      440 words
    • Article
      US Coast Guard reviewing tanker safety law
      395 17 THE UNITED States Coast Guard, under orders from President Ronald Reagan, is intensively reviewing its tough Port and Tanker Safety Act. The review could lead to the abandonment of plans to extend new safety measures to smaller tankers and to the eventual withdrawal
      395 words
    • Article, Illustration
      Lock icon Sea-level alternative to Panama Canal
      1180 17 FT THE US and Japan are beginning to revive the centuries-old dream of building a sea-level canal across the American isthmus at Panama. Such a waterway would move trade between the Atlantic and the Pacific far more quickly and economically than the present locksbaaed Panama
      FT  -  1,180 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1070 22 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 Ship
      1,070 words
    • Article
      Ishibras christens first high-speed container ship
      307 22 THE FIRST high speed containership built by Brazil was christened at the shipyard of its builder, Ishikawajima-do-Brazil (Ishibras) recently. Named the Ace Concord, the vessel was ordered by the C Y Tung Group. Ace Concord has a deadweight of 30,220 tonnes with a capacity
      307 words
    • Article
      SHIPPING EVENTS
      257 22 HYDRODYNAMICS in •ceil engineering August 24-28, Norwegian Hydrodynamie Laboratories, Trondheim, Norway. Engineering for re-re September 7-11, University of Newcastle upon Tyne. A course for professional engineers and architects to provide an up-date in knowledge in all engineering aspects of ro-ro operations. 4th International Shipping Conference September 8-10, Caracas.
      257 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      398 15 PIL GROUP REGULAR CONTAINER FEEDER SERTICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN GULF AND RED SEA PORTS. SaePaga V m CONTAINER Schedules O SHIPS Is Pert H SHIPPING Events VIII LONDON Freights n/ffl SHIPPING Schedule vra REGIONAL Weather Vm <v n R I) IM
      398 words
    • Advertisement
      Page 15 Advertisements Column 2
      315 15 JSEALOIIDH >.i UASC JNITED ARAB SHIPPING CO SAG) 'UP* I.i— EXPRESS MULTI-PURPOSE SERVICES L SAUNMM *37 24/9 ram (10/9). K» mi (16/9). Mia (19/9). M* Ota (25/9) (VwTtofoS* (1/10). OdMi I (14/10). Mmw QatoM (17/10) H (13/9). (22/9). I i (11/10). FULLY CONTAINERISED SERVICE Acc«pU* LCI c*(o to* Dubai 11
      315 words
    • Advertisement
      Page 15 Advertisements Column 3
      437 15 II ]*W: I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****3 MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: US. PACIFIC, GULF, ATLANTIC. EAST CANADA, ASIAN PORTS PWter 3C rrr, SaM 20-29/0 2*30/0 5-0/9 7-1/9
      437 words
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  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      814 16 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERN AD. WISMA MISC, N0.2, JALAN CONLAY P.O. BOX 371, KUALA LUMPUR 0443 MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Spore 1) Msedles .2) Rdam J) H'burg 4) Gborg Cwtaiwf Stnrict To Earcpt J-"// W*B Spore 1) feed* .2) Rdam 3) H'burg
      814 words
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      Page 16 Advertisements Column 2
      268 16 mnupE an irrnmirii l/» VI 7/1 11/1 11/1 a/1 22/9 25/1 PERSEUS" S«l 3.1 TAUSMAIT a an wt VI I IVI VI M/l v« i/u 2VI VI u/i IV* JVI vm a/i 1/1 i/i IVI 25/1 VM •vm n/u «vw vm *vm vm *21/11 *21/11 *W/M ivu *22/11 a/u •vu
      268 words
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  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      841 17 OCL Overseas Containers Limited STRAITS SHFPING Singapore to Sabah, Sarawak, Bruno* Porta and Bangkok CONTAINERSHIP SERVICE TO UK CONTINENT CIMfM IM 17/S 19/9 20/9 21/9 3/11 OS/II 09/11 11/10 07/10 11/10 15/10 11/10 17/10 19/10 10/10 23/10 20/10 20/10 2/11 4/11 CONTAINERSHIP SERVICE FROM UK CONTINENT l*taa •'■prp It Maara
      841 words
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      Page 17 Advertisements Column 2
      369 17 rig Franco Belyian Services tßg b ■b; b < r b tr« awrai r. kome u *wp ri» kwi rum it*# Him lIM 14 M U Sal 19 Sppl 21 O* COETMB a* 25 25 Is* nss «s* »w«w «5* "s* »3 »i* ms* i« 22SS^ II 3 I2M MS*
      369 words
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      Page 18 Advertisements Column 1
      512 18 Hapag-Lloyd Haa*ee( Eipreu lli I ti>| t*«> IM Ui Carifeaaßaf Antwerp 17/9 19/9 20/9 22/9 26/9 28/9 29/9 1/10 3/10 5/10 1/10 8/10 9/10 11/10 7/10 14/10 7/10 9/10 10/10 12/10 "/Use accepting transtopmeflt cargo tor CAMBBEAN/WtST VMES »ia Hamburi TowpnaMit* TW HK Spore P Mar* Genoa Trieste ten taw
      512 words
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      Page 18 Advertisements Column 2
      428 18 LINE SHIPPING KOREA CORPN P. Ktimc PENANG STORE VEGA 162W 3-6 Sept 7-10 S«p( 12-14 S«pt FROM BUSAM BANGKOK VEGA IC3E 3-6 Sept ALTAR 166W 6-9 Oct 710 Sept 12-14 Sept TO BUSAN 10-14 Oct 10-10 Oct FROM BUSAN BANGKOK ALTAOUO7E 6-9 Oct 10-14 Oct 16-11 Oct TO BUSAN KSC
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      Page 18 Advertisements Column 3
      476 18 ©EVERGREEN LINE I FAR FAST FUROPE FXPRFSS FUlt CONTAINER SERVICE I ALSO ACCEPTMG CARGO FOR: UNHID KMGDOM SOUTHAMPTON, LONDON, MANCHESTER. BHMNGHAM, BRISTOL, LIVERPOOL, GLASGOW, LEEDS. ETC. WEST GERMANY BREMERHAVEN, OSLO, STOCKHOLM, GOTHENBURG, AARHUS, COPENHAGEN LvwiiiiTrn S pat MM ttmtmt F*Hw MkrMi Mm* U Nmt twr«cM» 11/1 n/i n/i a/i a/i
      476 words
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      Page 18 Advertisements Column 4
      790 18 Q JBk "BURMESE NATIONAL LINE" K LOADING FOR RANGOON f|M Pitta* taM| wmiv tm HTOKTM 31/2 St* M4M t/ll St* 11/13 St* NCM 11/13 St* BFSSC Agents n Mokiyno BOUSTEAO SHPTNNG TIL NOS KL *****2/48 J 309 WIS SAC IF "ARGENTINE NATIONAL LINE" LOMME FOR DURBAN MONTEVDEO MEMOS AMES S>M
      790 words
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      Page 18 Advertisements Column 5
      310 18 tio.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. M SANKYO LINE JAPAN/STRAITS SERVICE sum worn ocem ww t wowuo pic in smuem m mimn i ati 37« A LUMPUI m 4MM4. «M7il MtWTS M IMUrSU P KOME EAST MM SVPK TU 3A-»732/3/?»l KMM MALATSM TIME I TtMSPQAT 18. A79M U7» W\ MM
      310 words
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      Page 19 Advertisements Column 1
      771 19 4Mb PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH. JEDDAH AQABA (Reefer Cntrs Acceptable) VESSEL •KOTA SAHABAT 11W/12E 6-7/9 KOTASAHABAT 13W/14E 11-11/10 KOTA SAHABAT 15W/16E 13-14/11 SPORE I COLOMBO I HODEIDAH I JEDDAH I AO ABA I COLOMBO SPORE 6-7/9 12-13/9 20-21/9 22-23/9 24-25/9 5-6/10 111-11/10 11-11/10 16-17/10 24-25/10 26-27/10
      771 words
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      Page 19 Advertisements Column 2
      806 19 rr*» BENLINE CONTAINERS EXPRESS com WO SERVICE TO/FROM EUROPE TO MOW Haa*w| (iprtsi Ko«a UkptoT fwemJVem Faa* Act 2/0 Ha*vt Eapnn 20/0 20/0 20/0 Q*, Act 0/0 BmM» 3/10 VII 1/11 FROM CUROfI H BURG BHMtN ROAM HAVRI SOTON Germany/Austria Brntiui France MUK f U«Y Z*M» Bar SaM M M
      806 words
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      Page 19 Advertisements Column 3
      602 19 w Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE Accc»tmt h> 11 brcrtMU Cmu 2) k Lmtrpaol UK CJMTTMm*. 3 Brtaidi lnwrtwi Atthn Ca M toMc mMfe kcoKmi cargo tor *f% to NlMlil [AC PMa*| lor I h)ira*i2)r«« ])*rkM|4)G-k>i s/io o/io 1/10 B*sK Slo* (OPT) DCW|7)*toai DT«m 4>TMi S)l* OOTmM "Ml
      602 words
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      Page 19 Advertisements Column 4
      594 19 BOUSTEAD SHIPPING AGENCIESBANK LINE A 1 TO UK/CONT (ACCEPTING CONTAINERS ONLY) SPORE R'DAM HULL HMBG •VYBANK 2 Sep 28 S«p 1 Oct 6 Oct CLYDEBANK 19 Sep 14 Oct 18 Oct 23 Oct SANTA ELENA 9 Oct 9 Nov 18 Nov 13 Nov (D««p Tank Spoce Available) Lines U.S. WEST
      594 words
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      Page 20 Advertisements Column 1
      694 20 K line KAWASAKI KISEN KAISHA. LTD. ARABIAN GULF *KA2UKANA MARU *11/151. STRATHCONON VO7/152 Dubai. Datu m Dam'm, Dub*. Kuwait (Containers only) Also accepting Kuwait via Dubai LATIN AMERICA aceeptUg FCL/LCL (Mg* fcy feeder urvlee to vU Kake: vU K»be: vta HK: vU HE: Aeualet PuUreui Cristobal U Gulim m.-L—iil. Guyftqmll
      694 words
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      Page 20 Advertisements Column 2
      573 20 CAL*ORRtt/PA«IC NORTH NEST SERVICE EXPRESS CORTAMER/REEFER SERVICE Lu** tar LOS RNKUS. MM FRANCBCO. SMTTU. TACORIA VANCOUVER R C fa/fa cwt—n P Wm| Sm|apor< L MNMM" __IRS«pI Utg 7 Oct AUSTRALIA EXPRESS CONTAINER SERVICE Ret** Fa/Fa CeoUtatn NEW ZEALAND SERVICE I iTnurat KUJBTM WUR XFOAa rum i JAPAN SERVICE 29/30% 5/t
      573 words
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      Page 20 Advertisements Column 3
      368 20 r h SINGAPORE SHIPPING AGENCIES PTE LTD 20THFLOOH OCt AN BUILDING SINGAPOMf 0104 MAHKFTING *****2 <3 LINES' GE NF HAL *****1 .141INESI TERMINAL OFFICE *****83 TELEX HS 245% BS 2SS6B A B CAHSMIP CABLE CAHGOSMIP HTUHMI; 1b.!,..111' (loiitiimvr IJncs WfcfcKLV CONIAINtR StBVlCt 10/itom BANGKOK !SrA\ SISGAPORE ISt.AXDS 1.1.M: MIDDLE EAST
      368 words
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      Page 20 Advertisements Column 4
      640 20 KORINS MARITIME SERVICES Room 601 ICB Building. Snenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES SEA GUARDIAN 2 Sep BUNGA VANDA 10 Sep PROGRESS 1 30 Seo P. KELANG LOADING FOR: leddah/Hodeidah i Bandar Abbas/B. Khomeni Bandar Abbas/B. Khomeni [Tj iHyundae Shipping Co. lid.
      640 words
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      Page 20 Advertisements Column 5
      510 20 INTRASEA (PTE) LTD. Suitf 2616 International Pm; Singapore 0207 Te! 2J4r.-; L <■, -si BREAKBULK SERVICE TO EUROPE/UK FULL CONTAINER WEST BOUND SERVICE FULL CONTAINER EAST BOUND SERVICE FULL CONTAINER HK/KEE/YOKO SERVICE 0 ALPAC LINE S port P Mar* MMCMUIiI 21 Sap Sapt KATRMM MK-2MC511 (NH4, 4RR742. 4M171 0 INDtAFRICA
      510 words
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      Page 21 Advertisements Column 1
      584 21 TO EUROfE/UK (VIA SUEZ): MERCATOI 24W 0. CHEF 26W+ HK CONTAIO 27*. K. IACEJM UN C. COMTMHO 13W.. N. SAWCT 7N A. CONCORD M Also accepting cargo to/from Scandinavia 0 CHIEF S pore Closing Times: FCL Cargo 0700 28/8 < LCL Cargo 1900 27/8 FROM EUROPE (VIA SUEZ) C. CONTAINER
      584 words
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      Page 21 Advertisements Column 2
      557 21 MALDIVE LINES ETA ETA ETA SPORE KIMNTAN PORT KELANG MALDIVE GRACE 31/8 Loading For Nampo (North Korea) MALDIVE NOBLE 27/8 Loading for Hodeidah MALDIVE PLEDGE 30/8 Loading for Muscat/Dubai/ Dammam MALDIVE NOVEL 25/8 22/8 Loading For Hodeidah MALDIVE NAVIGATOR 10/7 Loading For Karachi/ MALDIVE PEACE 2/9 Loading For Jeddah MALDIVE
      557 words
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      Page 21 Advertisements Column 3
      648 21 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SMSOV BULOffK 55, Market Street Sinfapore 0104 Telephone Numbers *****3 (15 Lnes) Cable Address SMSOV SMGAPORE Telex Numbers RS ***** RS ***** RS 2510S p. kdjhc kmm N/S SHARKAT NAH SOON SON. M IST AND TWO FLOOR. *SS» HM THON6 SMPfMG 23 Weld
      648 words
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      Page 21 Advertisements Column 4
      98 21 ITX C AIWIIV/II I IKI v/r-ii v i kn BULK TIMBER PLYWOOD SERVICES I Tr M/CMTWT PUTS Antwerp Hmbw( Rotttrdan Singapore 10 S«p4 4 Oct 11 Oct 9Nn Authority shipping and trading pit ltd Vessel Marfan WSIS Franter WSIS LMpard Wl7 MfatolVSlS SAC, AT (jAM AGf NSt SDN BHD SIM
      98 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      363 22 X. ANTOLL LINES Independent Iner Service FCI Contaners Heavy Lifts i? »c AMIAM H H 'GIONG SH*f R*iyf»>« TASMANIA SoOrett M Tula Sa|ibnd SdDroH Sd Tula PORT ICS/1911 17S/20H IIS/21N 19S/22H 20S/23W Satfapore Sept 1 Sept 11 Sept 20 Oct S Oct 23 Part Keianj Sap! 3 Sept 11 Sapt
      363 words
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      Page 22 Advertisements Column 2
      349 22 S. PMNCE S. SUNRISE TL SAUDI iifsT LINE Regular Conventional Service (AN Sowdi Flog Vessels) Looking for DAMMAM, DUBAI, JEDOAH BKK SIN P 13/9 18/9 2 21/9 3/10 kpah taw MNunoM co. in. ra. *****97. Impm- nms SIM m M I# *****4/4143 M tisms maiM.u *nn TRANSTIMBER LINE BULK TIMBER
      349 words
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      Page 22 Advertisements Column 3
      218 22 KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAN/STRAITS/JAPAN Fully Containerised Service Vessel Tokyo Kobe S port Penai* P. Mane S pore Tokyo Kobe NMJMvn a a in a 2«/ i «/s i»/» NOROSTARV7 31/1 11/9 12/S 13/9 15/9 W9 39/9 MMNYVM 1/1 19/9 21/9 23/9 H/9 29/9 7/11 9/19 (NOIL NORMAV LOADS
      218 words
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      Page 22 Advertisements Column 4
      302 22 ft JOHORE SHIPPING LJf \h\ lA| AN UNGKO BAHAR PORT Ml ANr, SfIANGOR MAIA»SIA HAJ SHIPPING SDN. BERHAD Express Unrttoad Service from P Keiang 1 East Malaysia Brunei HAYATI V: 12/11 HAYATI V: 13/11 HAYATI V: 14/11 HAMDAH V: 15/11 HAAMMH V: 11/11 HAMDAH V: 17/tl P. KELANG 21/1 10/9
      302 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      159 22 a Regional Weather it v 5 K r A Vi w> S! as s l < v> Is c cr* 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-Y Wind direction with speed in knots
      159 words