The Business Times, 27 November 1981

Microfilm: NL11390
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 FRIDAY, NOVEMBER 27,1181 60 CENTS
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  • Article
    S'pore's trade deficit for October widens
    304 1 SINGAPORE's trade deficit has widened, with imports for October much higher than exports. Preliminary figures from the Department of Statistics show imports last month increased by almost 10 per cent to $5.2 billion, while exports rose by 2 per cent to $3.8 billion. Consequently,
    304 words
  • Article
    Further harassment of SIA passengers
    732 1  -  By AGNES WEE SINGAPORE Airlines' passengers were again interrogated by German officals yesterday. An SIA official said two German department of civil aviation (DCA) officials flashed their identification documents at passengers bound for Singapore at a departure gate at Frankfurt Airport, demanding to see thgir
    732 words
  • Article
    Citibank cuts prime to 13 per cent
    285 1 CITIBANK will lower its prime lending rate by one percentage point to 13 per cent today, putting it on a par with the six major local banks. The bank thus undercuts its two American counterparts, Chase Manhattan Bank and Bank of America, which
    285 words
  • Article
    Tightening registration of commodity traders
    396 1  -  By ALVIN TAY MORE than 20 firms had their applications for commodity trading licence rejected recently in what was seen as a government attempt at tidying up the industry. Bmsiness Times understands that the move does not mean that the Government has stopped registration of
    396 words
  • Article
    SBS concession fares
    107 1 THE Singapore Bus Service, with the approval of the Government, will raise its monthly concession fares from Jan 1 next year but this increase will not affect primary school children and those paying cash fares. The passholders affected will be shareholders, whose rate will be increased from
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  • BRIEFLY...
    • Article
      Lock icon Store sales up
      68 1 AFP TOKYO, Thurs. Sales at Japanese department stores and supermarkets, a barometer of consumer spending, totalled 1,068,300 million yen (U554,645 million) in October, an increase of 7.2 per cent from a year earlier. Department store sales accounted for 562,700 million yen ($2,447 million), up 5.7 per cent
      AFP  -  68 words
    • Article
      Olein imports
      30 1 JAKARTA, Thurs. The Indonesian government has cancelled the further import of olein (refined palm oil) from Malaysia as from yesterday following a drop in domestic cooking oil prices.
      30 words
    • Article
      Lock icon Gas deposit find
      72 1 AP TOKYO, Thurs. Mitsui Oil Exploration Co of Japan said today it and Union Oil Co of the United States have discovered a natural gas deposit capable of producing 340,000 cubic metres of gas a day in an offshore area off Thailand. Officials said Mitsui Oil and
      AP  -  72 words
    • Article
      Lock icon Offshore base role
      69 1 AFP GUANGZHOU, Thurs. Hongkong stands a good chance to become an offshore support base for the South China Sea oil exploration, J D Hall, managing director of Hongkong United Dockyards Ltd, told the Offshore China '81 here today. He dismissed the threat of Singapore as a competitor
      AFP  -  69 words
    • Article
      Lock icon Insurance stake
      72 1 AFP KUALA LUMPUR, Thurs. The Malaysian Parliament was told today that bumiputras held $45.7 million or 26.8 per cent of the total equity in the insurance industry, compared with the $53.5 million or 31.4 per cent held by non-bumipu-tras. Deputy Finance Minister Mak Hon Kam said that shares
      AFP  -  72 words
    • Article
      Lock icon Sinai peace force
      52 1 Reuter TEL AVIV, Thurs. Israeli Prime Minister Menachem Begin said he opposes European participation in the Sinai peacekeeping force on current terms. He will recommend to the Cabinet on Sunday to reject the participation of military units from Britain, France, Italy and the Netherlands in the multinational
      Reuter  -  52 words
    • Article
      Lock icon Vehicle output
      69 1 Reuter TOKYO, Thurs. Japan is expected to produce 11.18 million vehicles this year. The total would put its output above that of the US, which is expected to make 8.4 million vehicles, for the second consecutive year. The forecast for Japan emerged from the cumulative total in the
      Reuter  -  69 words
    • Article
      Lock icon Petrochem plant
      74 1 Reuter TAIPEH, Thurs. The Chinese Petroleum Corporation (CPC) will go ahead with the construction of its fourth naphtha cracking plant on schedule, despite the current slump in demand for petrochemicals. The plant, in Kaohsiung, will be completed by the end of ISB3 at a total cost of about
      Reuter  -  74 words
  • Article
    Less paperwork for finance companies
    460 1 FINANCE companies are no longer required to submit quarterly returns on interest rates and classification of loans and advances to the Monetary Authority of Singapore. They also need not submit the annual statement of income and expenditure, said the MAS in its latest circular dated
    460 words
  • Article
    Grindlays Bank raises loan to Global Marine
    213 1 THE Grindlays Bank group has increased the amount of financing to Global Marine from U5577.2 million to $81.2 million. Global Marine is borrowing the money to help pay for a self-propelled drilling vessel and a jack-up drilling rig which will be built by
    213 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      229 1 .Times Bookshops raoaz CITY Developments has proposed to buy four properties for $29.2 million Page 14 NEXT week, the 10-year-old Asian dollar bond market will welcome its first American borrower Page 3 A COMMITTEE has been formed by the Association of Banks in Singapore to study the foreign exchange and
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    • Advertisement
      Page 1 Advertisements Column 2
      54 1 BALLY Made in Switzerland "The Best of Bally" Over 125 ye&rs of Swiss Craftsmanship, flair for fashion colour and design, have given Bally all that Worldwide reputation Shoes designed for people for whom only the best is good enough. L L CALERA Sole Agent for SEAsia, Hong Kong Taiwan S.G.PARRETT
      54 words
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      Page 1 Advertisements Column 3
      32 1 "If Compass In m t. 0 PORSCHE DESIGN Watches only at THE HOUR GLASS. Lucky Plaza, Peninsula Plaza WATCHES OF SWITZERLAND*, Lucky Plaza TAI HONG HUNG, Lucky Plaza EASTERN WATCH, Lucky Plaza
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  • BANKING AND FINANCE
    • Article
      ABS studies forex dealers scheme
      522 2  -  MAS SUPPORT CONFIRMED By ALVIN TAY THE Association of Banks in Singapore (ABS) has formed a committee to study the foreign exchange and deposit traders traineeship scheme. The committee, which will meet for the second time today, comprises Rolf Willi (Dresdner SEA). Eric Ching (Industrial
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    • Article
      Leasing experts to address seminar
      161 2 ABOUT 200 delegates from Singapore and Malaysia will attend a two-day seminar on leasing and economic development in January next year. Organised by the Equipment Leasing Association of Malaysia (ELAM) and CIPremier, the seminar will be held at the Kuala Lumpur Hilton on January 12
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    • Article
      Bankers urged to be bold
      597 2 ASEAN bankers have been reproached for being too conservative and insufficiently enterprising in their approach towards export financing. Mr Tan Koay Lye, vice-president and treasurer of Citibank in Kuala Lumpur, said that bankers, by their conservative attitudes, are jeopardising exporters who have the potential to
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        485 2 IT WAS a quiet day in trading for dealers on the local foreign exchange market yesterday. The yen was the only currency which kept dealers busy. The US dollar which was stable against most ma)or currencies opened at 2.0530/ 40 against the Singapore dollar. Trading in the Singapore
        485 words
      • Article
        TOKYO
        202 2 THE US dollar for overnight delivery In Tokyo yesterday closed easier at 215.90 yen after a 216.40 opening, dealers said. This was also easier than the 216.75/85 finish in New York and 216.40/55 on the US West Coast overnight and sharply lower than the 217.20 close in Tokyo on
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      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their beat custoners is 13.42 per cent
        22 words
      • Article
        ASIAN $ RATES
        179 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on Nov 28. US DolUniSfot) Othr Bki 7 days lilt 11% 1 month 11% 11* 2 months 12 1/16 11 16/16 3 months 12* 12* A months 12% 12% 0 months 13* 13% 12 months 13% 13* 8w.Fr*. /MUiL Das.
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      • Article
        Discount
        47 2 RANGE of price* offered by dfscount houses on Nov 36: Overnight: J* to5><^ Call deposits rn to i l >f Closiim Bt;ii| Selliaf 3-month Treasury bills S 3-month Bank bills »3/1« 91/16 3 months CD SH 8H A months CD 9S 9S Source: National Discount Co
        47 words
      • Article
        Gold
        216 2 SINGAPORE gold futures yesterday closed weaker on some profit-taking after a firmer opening, but the market still closed higher on balance compared with overnight levels, dealers said. Trading was thin throughout the day with total sales recorded at 63 lots while kerb volume at 51 lots, they said. Prompt
        216 words
      • Article
        Silver quotes
        33 2 Wmi TM M«-» York UB in UBS 8.ias Burick I.15B tJSB USB B.1SS Slnfapor* USB WM MSB L«B UK Oatmg prtc Mia USc kalian a troy ouno Source: Credit Suisse, S'pore.
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      • Article
        HONGKONG
        105 2 THE US dollar was softer on balance against most major currencies in quiet, late trading in Hongkong yesterday, dealers said. Most operators remained on the sidelines ahead of the closure of US markets yesterday for Thanksgiving holiday, they added. Sterling edged up to $1.9350/65 from 1.9340/55 earlier and New
        105 words
      • Article
        London
        114 2 STERLING touched $1.94, its highest level since end June, in quiet early trading in London yesterday, supported by commercial demand and interest rate considerations, Sealers said. The pound firmed from an opening *1-9365/75 which was progressively above the 1.9350/65 late in Hongkong, 1.9340/50 at the close in New York
        114 words
    • Article
      First American borrower in Asian $ market
      558 3  - First American borrower in Asian market By LILLIAN CHEW THE 10-YEAR OLD Asian dollar bond market will welcome its first American borrower next week. Hospital Corporation of America's (HCA) debut on the Asian dollar market will add a little breadth to a market which has been dominated by Japanese names,
      558 words
    • Article
      Lock icon STABILISATION PLAN
      323 3 Reuter FRENCH Finance Minister Jacques Delors has proposed a three-point plan to stabilise foreign exchange markets based on an increased role for the European Currency Unit, ECU, better coordination of European monetary policies and more currency cooperation between Europe and the US. In a speech during an international
      Reuter  -  323 words
    • Article
      HK bullion imports
      284 3 GOLD bullion imports slowed sharply in September to 2.7 tonnes from August's 8.1 tonnes, but were nevertheless 145 per cent higher in the first nine months of 1981 than in the whole of 1980. According to customs and excise figures imports for January through September at 77.4
      284 words
    • Article
      Changes in Macao's banking system
      164 3 MACAO is expected to give some indication in the next few weeks of changes planned in its banking system. A general outline will be given by Economic Affairs Secretary Joao Costa Pinto in the budget due to be delivered early next month. Full details of
      164 words
    • Article
      Bank of Japan denial
      156 3 BANK sf Japaa «mcteh dealed the Ceatral Baak mnalpalates the vnlae «I the yea aad reiterated its strategy Is ealy te Intervene «a the farelga exchange market te —sfh •at flaetaatte—. They were wmmwtieg •a a reeeat report te the French Eeeaamlc and Social Ceaneil which
      156 words
    • Article
      Lock icon ADB LOAN
      46 3 Reuter THE ASIAN Development Baak has UMUoed the approval «I a US$36 J mllitoa Imm to laiweria tor a water sapply project la Sameraag city la eeatral Java. The 26-year laaa carries interest at 16.1 per Mat aad has a five-year grace perted. Beater
      Reuter  -  46 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      222 2 "Lufthansa's new Business Class gives me even more reason to fly with them' This is an authentic passenger statement WWW m x*tf rlr' > J iotimus Made in West Germany The extraordinary electrical waste paper basket I Leaves No Trace Of Clues Which Might Lead To A Breach Of Office
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      79 3 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 30th November. 1963 of: W THE TOKAI BANK, LIMITED Suites 2801/2803. Clifton! Centre 24 Raffles Place. Singapore 0104 We hereby certify that the rate of interest payable on the above-mentioned Certificates of Deposit for the Interest
      79 words
    • Advertisement
      Page 3 Advertisements Column 2
      155 3 THE Premium Blend sJ r i i Y H! i Av jk Cai r? rj r VI .fl LUXh VJSL.I* tbs* 4 t )f I tn :;5tJ SCOTCi WBIBET I II coSAlis V DH LI XU ancestor•i SCOTCH WHISKY .V Fs Y^, vS'•■:3 X I' 1 1 f 1 V
      155 words
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  • OVERSEAS
    • Article
      Stop extreme demand, says chamber
      404 4 THE SELANGOR Chinese Chamber of Commerce has urged the Malaysian government to stop politicians from making extremist demands to curb the economic growth of the non-bumiputra community. Such demands, it said, have caused a great deal of confusion, anxiety and fear among non-bumiputra businessmen. The
      404 words
    • Article
      Lock icon Money quarrels may break up EEC
      181 4 Reuter EEC Commission president Gaston Thorn has said that lengthy quarrels about money could cause the breakup of the community. "A community which stagnates when all the rest of the world is in motion risks total collapse," he said on Wednesday, the eve of
      Reuter  -  181 words
    • Article
      Lock icon Call to venture into oil products
      432 4 Reuter OPEC oil exporters were urged to step up their bid to break into the world market for refined oil products, regardless of current closures and Job losses in the West's refining industry. Opec Secretary-General Marc Saturnin Nan Nguema of Gabon circulated a paper
      Reuter  -  432 words
    • Article
      Lock icon Summit deadlock
      105 4 UPI THE 12th Arab League summit collapsed after only five hours, hopelessly deadlocked over the Saudi Arabian proposal for a Middle East peace plan that implies recognition of Israel. King Hassan of Morocco, a frequent go-betwees in Arab disputes, apparently organised the sudden end to the conference on
      UPI  -  105 words
    • Article
      Lock icon Japanese blow to US semiconductor industry
      135 4 UPI THE kassHiaalt rj K eUB auJ mrtj n per ecat of ike glabal Market tar tkls key Altksagk sales sf Mm M K Km mj be Mi; U8$l« srillea IMb year, they aaay Mt «2 MUea ky lttt. PMne Myi that weald make
      UPI  -  135 words
    • Article
      Lock icon Mobil raises bid for Marathon
      364 4 NYT WITH a temporary court victory over US Steel Corp under its belt, Mobil Corp increased its bid on Wednesday for Marathon Oil Co by US$l.4 billion. Mobil's new bid of $6 5 billion to purchase America's nth-largest oil company produced a negative reaction on
      NYT  -  364 words
    • Article
      Lock icon TOKYO TO LOOK INTO NON-TARIFF CURBS
      265 4 Reuter PRIME Minister Zenko Suzuki yesterday said Japan would tackle non-tariff import barriers in efforts to trim its growing trade surplus and help dampen trade friction with western allies. Chief cabinet secretary Kiichi Miyazawa quoted Mr Suzuki as telling former US Vice-President Walter Moodale
      Reuter  -  265 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      732 4 i i V ARRIVALS T Serriee Local Operator Nukti r Two Froa AJ. AI4M 0030 BOM PA005 0115 NYC/SPO/HKG 13 MH601 OOO KUL nft TL341 0800 BEY/DXB SLA SQ101 0815 KUL MAS MH811 0815 PEN MAS MH671 0845 KUL RBA BI427 0930 BWN MAS MH680 0940 BH/MYY/KCH
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    • Article, Illustration
      Lock icon Amos Dawe acquitted of all charges
      277 5 Reuter FINANCIER Amos Dawe was yesterday acquitted in Hongkong of charges that he defrauded shareholders in one of his companies of nearly US$lB million. Mr Dawe, 46, head of a commercial empire with companies in Singapore, Hongkong, Malaysia, Australia and the United States, was
      Reuter  -  277 words
    • Article
      Lock icon Reagan believes recession will be slight
      157 5 Reuter PRESIDENT My* he still Mhwi the US HBBMiin will be slight Mi Us pandas will eaahto the tewy to MĔami ant year. fcngM, whs tost msath said the US was to a "slight" recession, was asked whether he had Be raffed: "I believe
      Reuter  -  157 words
    • Article
      Lock icon Anxiety about HK's future
      277 5 Reuter THE future of Hongkong, a subject which was once taboo, has suddenly become the hottest topic in the British colony. A Hongkong university professor says he has been told that China and Britain have settled the issue of the leased colony's future. The Liberal Reform
      Reuter  -  277 words
    • Article
      Lock icon Reagan accepts response to disarmament plan
      567 5 Reuter US PRESIDENT Reagan says he accepts Soviet leader Leonid Brezhnev's response to his European nuclear disarmament (dan as a basis for bargaining. "In a sense he's made an offer to reduce by a certain number the missiles that are there. Well, you start
      Reuter  -  567 words
    • WORLD IN BRIEF
      • Article
        Lock icon INFLATION RISING AGAIN
        528 5 Agencies INFLATION in the European Economic Community (EEC) is rising faster again. The community's Statistics Office said consumer prices in the 10-natkm community increased by LI per cent in October, the first time in six months that they had gone up by more than one per cent.
        Agencies  -  528 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      115 5 w s 9 1\ V/ Tojota CresKte Gl (Auto) m a t Introducing the Ken-Air concept of economy of advance booking! Just 2-days advanced booking and you can drive away any of these supercars at superiow weekly rates! Talk to us today about your requirements, be they for a week,
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    • Advertisement
      Page 5 Advertisements Column 2
      262 5 'IF*- I Robyn Goh surrounded in her home with many fine pieces of richly carved Nonya furniture she has personally collected. In her business as an antique dealer, Mrs. Goh has developed a shrewd eye for value. A value that is found in the craftsmanship of a Patek Philippe Watch.
      262 words
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  • TRADE AND INDUSTRY
    • Article
      China prepared to sell coal to S'pore
      396 6  -  By LIM SOON NEO CHINA is willing to sell coal to Singapore if it is approached, said an official from the China Coal Society. Mr Jia Yunzhen, head of the society's technical exchange division, said: "China plans to increase coal exports from 1965
      396 words
    • Article
      Diploma in systems analysis
      143 6 THE INSTITUTE of Systems Science of the National University of Singapore will begin its Systems Analysis I course from Dec 14. SA I is a full-time ninemonth course of study leading to a postgraduate diploma in Aug 1982. This inaugural course will be limited to 32
      143 words
    • Article
      Sunbeam expands into shipbuilding
      466 6  -  By RICHARD SEAH A LOCAL engineering company has enlarged its operations to shipbuilding, after being in the marine engineering industry for 17 years. Sunbeam Trading and Engineering Company, more well known as Steco, recently started work at its new 25,300 sq m shipyard at Tuas. Under
      466 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      271 6 MANSFIELD' Container Shipping (MCS), a whollyowned subsidiary of the Straits Steamship group, has appointed Mr Um Kee Bee as sales manager (exports). A Bachelor of Science graduate from the University of Singapore, Mr Um replaces Mr Kaw Jit Kee, who has been seconded to Overseas Containers' headquarters
      271 words
    • Article
      Du Pont's new fibre is stronger than steel
      279 6 DU PONT (Far East) has introduced a new fibre which is much stronger than steel yet lighter than fibre glass. Called Kevler, the fibre is used mainly in aircraft and space rocket components where its strength and lightweight qualities are vital. But
      279 words
    • Article
      Employers must be committed to energy saving
      205 6 THESE to Uttto lagaaeaergy aavtag pnIt fWww Kah Lip Um, Mwfcrt «f Parttaaaeat far Nee Bmm, aato IMb at, the gjg.y ta He eaM, "The mttmp to *■7 eaergy mti uflw pr»giaa«ii iepeaic eet eatar ea the hajreveaMMl to kaD«ag toraetare «r the
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    • Article, Illustration
      Duchess Court condominium
      157 7 CONDOMINIUMS in Duchess Court, a new 38-unit project to be built by Hospitality Associates near Bukit Timah Road and Sixth Avenue, are now for sale at prices ranging from $1.1 million to $1.6 million. The luxury condominium project will in- chide four blocks of three-storey townbouses and
      157 words
    • Article
      International computers to set up training centre
      501 7 CONFIDENT of a good year •ahead, International Computers Limited (Singapore) and other ICL Asia-Pacific subsidiaries of Britain's largest computer company, -•are making plans to penev Vate further the growing computer market in the re- i This group of ICL subsidii aries based in
      501 words
    • Article, Illustration
      Canon's top camera
      126 7 CANON has introduced a new camera to focus at the top end of the market for photographic equipment. The New F-l is a successor to the F-l, which Canon has marketed as its top of the range camera for over a decade. It will cost about 40
      126 words
    • Article
      VITB to conduct 23 part-time trade courses
      173 7 UNDER Its continuing education and training programme, the Vocational and Industrial Training Board will be conducting 23 part-time courses next year for industrial skills development. The courses are in modules of six months each and would benefit those working in relevant trades who
      173 words
    • Article
      Spanish style flats at Regent Garden
      59 7 BieiNT nwfci, > «Ml rfknikrak «Hi ■•Mm Mi tptrtauU wWlllpeelei aZESsss ehNII kNAIN fftpp NW »ww ta kM A MLmmSL TI» •futawti art pM at I» it hlilllaVMM. He Imliiw M irt tke jiiilMlj d the h» Mikiijh *n«|M» **7 fcjS, st— t» NttimTuilTinltT
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    • Article
      Organisers to upgrade next Giftfair
      332 7  -  f LIM SOON NEO THE orgnnlsers of Clftfair H, plan to upgrade the lair into a trade exhibition in IKS. Giftfair V. to be held at the World Trade Centre between Dec 2 and C, is now more rr—sirr nrlfsti i 1 More than 110
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    • Article
      JEC to conduct CAM diploma exams here
      551 7  -  ■y TSANG SAU YIN THE Joint Education Committee (JEC) of the three advertising aaeodatioao of Singapore has been authorised to, conduct the CAM diploma examinations In advatUaiag ud marketing hcfi. The diploma is awarded by the Commaricntlon. Advertising and Marketing Education Foundation of
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    • Article
      Power supply systems
      47 7 INVERTOM Equipment Co of Australia to no» looking (or iitsL?tttei^£Slj!!r' >C t m 11 —SZ S^T 1D ltocU °*-"Hill oflk* «"■""if» Mcurtty systems and «■faiim» irt wtaa the aormal powwsgppfr The AastrmMaTSiw will be provfaßag training to the use of the systems for its
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  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      282 6 Rent our CATERPILLAR generators, and you'll profit from our know-how and worldwide service. You can depend on our product performance and service back-up-With well trained technicians and assistance in design, specifications and installation. And preventive maintenance programmes like Scheduled Oil Sampling. Plus the availability of spare parts worldwide. m •U
      282 words
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      Page 6 Advertisements Column 2
      281 6 petroliam naskonal berhad PETRONAS TIME CHARTER OF COASTAL VESSEL Quotations are invited from Malaysian Shipowners/ Operators for the time charter of 2 coastal vessels of approximately 5000 MT and 7000 MT carrying capacity each for the carriage of fuel oil between Singapore and various ports in Malaysia commencing January/February 1982.
      281 words
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  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      269 7 H-PTjy and STOCK MARKET Our editors urge readers to reject undue pessimism, for a bull market of monumental dimension may be evolving. In recommending, during a bear market, such stocks as MCI COMMUNICATION, which moved from $30 to $31 in less than three months, or PENNZOIL $39 to fSI, In
      269 words
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      Page 7 Advertisements Column 2
      19 7 i UMV9M ■■< S- u rmm %f.3 -^""ifeASSK »W K" 2 ii i-.'C'ST' St t -v ■Kv- 7 'ill'-l!l* Illicit*
      19 words
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  • Article
    Open-door policy not compromised
    396 8 THE JOINT moves by the Department of Trade and the Registrar of Companies to tighten the entry of commodity firms into Singapore must be conditionally welcomed. It is a fact that there are many reputable commodity firms operating on our shores. It is equally true that
    396 words
  • Article
    Exports becoming less competitive
    297 8 THE OCTOBER trade figures give cause for concern. Singapore's imports are increasing at a faster rate than her exports. The October trade deficit went up 37 per cent over Septem- ber and compared with last October, the increase is as much as GO per cent. The
    297 words
  • Article, Illustration
    NZ general election
    1118 8  -  MOST COMPLEX AND UNPREDICTABLE Mr Robert Muldoon, New Zealand's Prime Minister, is attempting to win his third successive three-year term. Analysts are refusing to give predictions because of the complexity of the situation. The confusion is caused by four major factors: the Springbok rugby tour, Mr Muldoon
    1,118 words
  • Article
    Lock icon BONN-MOSCOW WATERSHED
    790 8 NYT THE MOST important result of Leonid Brezhnev's trip to Bonn was West Germany's full emergence on the world political scene. Now it is Bonn, not Paris, which isosives special messages from Moscow and relays them to Washington. The days when France posed as "the bridge" beiweeu East
    NYT  -  790 words
  • Article
    Expatriate wives' job dilemma
    180 8 Letter to the Editor Dear fib, With reflereaee to Mr Ma 0 Hartow*e rtitrmat (MD at Im/ftm UnallM*l) rlalalag tteU "It to awe •f a aiyth tfcaa tt to trae that mm to expatriate wtvea eaa*t gel Jeha here aayway" (Bactaeea Times a/U/n "Naaher af expatriates
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  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      650 8 CRYPTIC PUZZLE ACROSS 1 Just a little sweet (6) 7 The writing an the wall (8) 8 Eager to have a try for 1,000 dollars (4) 10 Happens to be the officer commanding dogs (6) 11 Figure moat of Paris to be an island off Sicily! (6) 14 Indirect anger?
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    • Miscellaneous
      Page 8 Miscellaneous Column 2
      52 8 TO TH£ ffcDLSOC HoT£L D£P>g SoRRy BUT tMPO\££TO(T L y I dsoppied yu IN ar d€j£P qjd BriStdWvßtojcttd^s uieu.-ec-0m... rm 1 HOU G£TVIM& t TH«£ tS £C BU Ic ow Vjrtw MR Joes U**K .J? weiti his pißseMce.' 3 soo* p. lot op it f _o. Do u)Mpn" CP\l\) n
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    • Miscellaneous
      Page 8 Miscellaneous Column 3
      597 8 STM Cardiac rehabilitation* VICOM wHI he very M part ef year Me H yea e( the THaae," i viewed white la ■•a, Telly Savalae, Tlai Ot> mmm, J^areh^_J^aay < ■aaager II as w 1 11 "W < tea sic gjC ef The ChMh 10JS) are i Aader- LV). C SINGAPORE
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  • Article
    Mobil's setback
    475 9 IT WAS HARD not to feel a little sorry for Mobil. For the fourth time in barely three years, the giant oil company's dream of buying another major oil company has again been frustrated. Mobil, America's second largest oil company after Exxon, has long sought to boost its
    475 words
  • Article, Illustration
    Lock icon Legal row over tax rules
    814 9 FT A LEGAL, and possibly even a political battle, is looming over attempts by Isoroe US states to extend ■4heir company tax reach JK>t Just beyond their bortiers but into foreign countries as well. 1 California has caused the most offence, although several other states
    FT  -  814 words
  • Article
    Lock icon ANTI-WAR ISN'T ANTI-AMERICAN
    717 9  -  FORUM with FLORA LEWIS NYT A VISITOR from Washington, gathering information to advise the government on how to present its policy, said the impression now was that Europeans are no longer anti-communist. Two Americans with long experience in Europe were astonished. Obviously, they noted, Western Europe opposes
    NYT  -  717 words
  • Article
    Lock icon STEEL-OIL GIANT?
    1681 9  -  By IAN HARGREAVES,PAUL BETTS FT TO ANYONE who has not followed US Steel closely in the last two years, the corporation's 16.6 billion bid for control of Marathon, the 17th largest American oil Oompany, must seem like an act of resurrection worthy of Lazarus. Is not US Steel,
    FT  -  1,681 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      92 9 s, V U.S. STEEL U-S. STEEL is the largest American steelmaker with sales last year ef US$l2.5 bUlien and net laeeme of {SM.S million. In addition it has a large chemicals operation and profitable subsidiaries in railway, shipping and steel fabrication notably for the oU industry. MARATHON OIL is the
      92 words
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      Page 9 Advertisements Column 2
      50 9 I We congratulate STAR ASIA PTE UD on their appointment as the sole distributor for Hitachi Facsimile Machines in Singapore. m m fs < i a a r A HITACHI Hifax allows same-size or reduced-size transmission Type-approved by Telecoms' TAC No. 141 81F23 Sole Distributor STAR ASIA PTE ITD Tel:
      50 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        263 10 NOV 25 Fr» >/- CORBBILLE Alr-Uqulde B S N 0»rr*l» Danone car (Thomaoncw rnaniH daa Petrolea Compacnle Flnanciere 406 1136 aoo 106 JO >1 >30 >13 L3 Compafnle Oencrate Credit Poocler Dt Fnnce Hachette (Llbralrtc) Machine! Bull Michel In (B) S3 ML30 311 30J0 174 -4J -3 >1.6 >31
        263 words
      • Article
        Brussels
        86 10 nov at TTM ♦A FORWARD MARKET Aeoc M* unch Arbed -4 Aatur 316 Brmaean flit SD Bru-Laab 978 -I SSTLzz ISM 125 40 Da B««r» SI 4 too DactroMI *15 10 Ob-Inno-fim On im uncti ISM JMO -li Hobo* Prtro Rjrl Dutch 4100 unch |ff| Stdro MM 0 Soc
        86 words
      • Article
        Frankfurt
        164 10 HOV IB Dm A«c-Tti*fun*«i 44.1« *M AtaO XL40 ««J Alls Ltten una is All* Van 430 00 unch HAJW 13SJ0 14 toy H T Wttnt moo Btjf Vbank mjo Hlf*r laojo U ■nr 110.00 unch BMW )«0l00 4 C—n» asuoo unch Coetn V»rw St 00 ♦4 Commerttank 131 JO
        164 words
      • Article
        Zurich
        128 10 nov a Action* Buian AJusulaae Br AJimil—i Rm Brown Bowri Br. Clb» Oclfjr Br cm* otm r c rrua MtB m JSC B06 11* -JS -30 unch cat o«o RM Credit Sulat Br UH HOCll CrwlH Sum* fUf EtokVowmli Br Omi> rtoch* Br Ototoui Pr rm me m I
        128 words
      • Article
        Amsterdam
        156 10 NOV 15 ru ABM ***** +15 Abold 50-50 +0l5 *> Aluo BJO 0J AMKV 90.70 0.4 Amfu HJ0 +0lS L Amrotok »70 +o_j Blirw 17 JO -0J 05 II Bo!» 57. «0 unch Bonumy 100X0 unch Burhmann 40.00 05 CaJand »00 +l Dtlfl 110J0 52 .WWI «8J0 +1.4 Inn
        156 words
      • Article
        Milan
        48 10 HOV a Ur. £> ia. ;«5 Vm EEU, ziT 1 V |UW-.nU JJJM IMOr M Pf |i| j MartUj ire ZvL, 1 11—106 SSL *am Minima mSHTBE. 17tM ,u aw ord JHZZZZ M m oun Prt 25 -Zm u^ h c ail .in E£tL*»- 32 :JT tit: s
        48 words
      • Article
        TORONTO
        100 10 C» an w 41H -H SH -W It* unch Sk a u* S*» i B« Dtnkoc Dtolaoo Dm Stara* M M« meh Do« TV 11 1H» |V^#" Cop UH Ok UM »H mTi'^rr Hon* ou Had Bur Mln a* +i M% .1^ Imp nil Inm m M* unch 1714
        100 words
      • Article
        JOHANNESBURG
        202 10 NOV a Rand INDUSTRIALS A Alpha m unch Abcrrom 430 unch AK And CI ra unch AMJC MOO Bartow» KM «I Ol Sugar IM unch CNA MB unch Currw rtnanc* MO -4 Dt Our» Ind SM unch Edc«n T7S unch Upn MM unch IntnA rn Vol* W unch rucit
        202 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      213 10 The American Express Card serves you well, wherever good food is served" ■><*< &m "i HH 4f K W V ss m M #> 41, I I BO Cost only HALF AS MUCH if you're residing in Singapore It's easy. Just book our chalet units, and enjoy a 50% discount.
      213 words
    • Advertisement
      Page 10 Advertisements Column 2
      88 10 fj*for sushi. For teppan\;aki. For other authentically Japanese deliqhts. r< A i <'I lllll'\ I*; i x **">1 M |Ia »i l 1 i| H »■*< HYATT Regocy^SWGAPORE b. Carte Model Agency TUESDAY FASHION EXCLUSJVES Showtime: 1 2 p.m. PHtawooa *****11 m» 2110 tori—water* ft Ms 1 M ff I
      88 words
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      Page 10 Advertisements Column 3
      85 10 K( y.,. X^perßial A Merlin Gril Speciality From Mongolia comes a barbecue more succulent. more delicious than any barbecue you have ever tried before Only at the Singapore Merlin Lunch from 12 °oon 2.30 pm at $15.00 per head. Dinner from 7.00 pm 11.00 pm at $1900 per head Both
      85 words
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      Page 10 Advertisements Column 4
      184 10 When you dine, dine Cantonese. A w h JT. o 0 S^4p! If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage
      184 words
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      Page 10 Advertisements Column 5
      49 10 that the S, J -v isexp** r im Tt Sf i M -J e i» restaurant Tuesday Night Fashion Show 8 00 p m u«\ Eastern Ajjancm Pte Ltd Art* >hi?»ui Pro Ltd No Extra Charge Free 1982 Calendars Onctfe <-Z3 214 Dunaam Road. Singapore 1129 Tat *****40,*****22 i.
      49 words
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  • RAW MATERIALS
    • Article
      Strong rally
      940 11 NEW YORK STOCKS STOCKS on Wednesday posted big gains for the second day in a row, reflecting the New York market's euphoria over the swift decline in interest rates. The Dow Jones industrial average closed up about eight points and the index has added some 26 points over
      940 words
    • Article
      RICE
      322 11 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.33, 100 per cent second class 1.13, 100 per cent third class 1.08, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.73, Special
      322 words
    • Article
      LONDON MARKETS
      682 11 COFTKE: Yesterday's US holiday made for quiet trading yesterday morning on the London robusta coffee futures market. Prices closed the early session nearer the lower end of an £8 trading range with losses of £6 to £11. SUGAR: Raw sugar futurers failed to hold all the overnight kerb
      682 words
    • Article
      PALM OIL
      149 11 THE Kuala Lumpur crude palm oil market yesterday closed easier in (airly active trading, dealers said InNovember north traded at MJ9OO a tonne and south at $905 unchanged from Wednesday. In December, south fell $5 to 1890 and north traded at the same price In JMwary central was
      149 words
    • Article
      WORLD RICE GLUT
      135 11 THE WORLD is heading for one of the biggest rice gluts in history because of increased production in both the exporting and importing countries. Mr K lamsuri, managing director of Kamol KiJ, one of the leading rice exporting companies in Thailand said yesterday that two of the
      135 words
    • Article
      Produce exchange
      177 11 CHINESE PrMw* Exetaage, Sagapare, mm (Mag prion per 1« kg ywterday. Cuiwt «II: Bulk fob $108 00 sellers, old drum (in second hand drum) fob $122.00 sellers, new drum fob $126.00 sellers. Capra: Mixed (loose) $59 50 buyers. Muntok white pepper fob Asta NLW $372.50 sellers, Sarawak white
      177 words
    • Article
      TEXTILES
      192 11 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) C«(Im yara: China Blue Phoenix 20s 2,540; 32s 3,200. 40s 3.380 (per bale of 400 lbs). toe |m4s: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      192 words
    • Article
      SOYBEAN
      104 11 SOYBEAN futures in Chicago on Wednesday pared gains late on long liquidation ahead of yesterday's Thanksgiving holiday, closing 3*4 to lit US cents a bushel higher in slow turnover. Local short-covering farced prices higher from the start, in what traders called a partial recovery from the recent technical washout.
      104 words
    • Article
      WHEAT
      91 11 WHEAT futures in Chicago on Wednesday pared gains late on long -liquidation ahead of yesterday's Thanksgiving holiday, closing up three to l'A US cents a bushel in thin dealings. Spreading of March/Dec and Dec/March, believed to be rolling forward or out of positions ahead of the first December delivery
      91 words
    • Article
      Straits Tin
      76 11 THE STRAITS tin price la Penang yesterday reee 21 cents te M%35M a Idle, remaining wlthla the ITC npper range of $34.18 and WM, dealera said. The strength sf sterling against the Malaysian dellar was the main faeter fer the marhet's firmness, esnpled with continued Strang snppert frem
      76 words
    • Article
      CLOSING PRICES
      34 11 Rubber: Nov 26 Singapore: Dec: 189.50 cento (down 4.00 cento) Malaysia: Dec: 217.50 cento (down 4.50 cento) Tin: M 535.84 per kilo (up 20 cento) Official offering: 231 tonnes (np 15 tonnes)
      34 words
    • Article
      Malaysian duty rates
      83 11 THE Malaysian Minister of Finance has fixed these rates for the period from Nov 26 until further notice: Bakker: 226H cents a kilo for RSS One; Cepra: MJ574.17 a tonne; Palm kernel: $965.75 a tonne; VHte pepper: *3,283.50 a tonne; Black pepper: 12,183.50 a tonne; The rates
      83 words
    • Article
      RUBBER
      229 11 RUBBER prices in Singapore yesterday closed slightly lower with December One RSS buyers quoted at 189.50 cents per kilo, down four cents from Wednesday's close, dealers said. Morning prices were marked down slightly on lower London advices and lack of buying support coupled with long liquidation and freer offerings
      229 words
    • Article
      RAS PRICES
      280 11 RAS price» to cento per kilo jwtirtv; MooH Qm (per fcflo) (per kilo) bit 1 R.S-S pr«np< f.o.h. 171.M UMW nuT 1TUNN tot 1 R-S-&. December BUI BUI MJt MM bit. 1 R-S-S. Jwuery BUI mm UTM 197JD imiRss. mm mum mu» bum. UK/cm MM MUM MUI m
      280 words
    • Article
      SSR and SMR
      78 11 NOON an art RAJ SMR them rm DMM mi limr HJ r 3 SBR10 HUU (l-taapaJaU ll-la pattat) (tefMI MWtl MOJO II«jo IBM ULMN uuaN MLM MJW taw IfiJW MUM* SMR CV SMR L SMR t SMR CP SMR 10 SMR SO SMR M Utaa paBati ll-M
      78 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      120 11 NEW ISSUE These securities having been sold, this announcement appears as a matter of record only. NOVEMBFR IBJ The Industrial Bank of Japan Finance Company N.V. US $50,000,000 Guaranteed Floating Rate Notes Due November 1988 i 1 Unconditionally guaranteed as to payment of principal and interest by The Industrial Bank
      120 words
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      Page 11 Advertisements Column 2
      224 11 P.T. PERKASA INTI ABADI INDONESIA CEMENT ENTERPRISE P.T. PERKASA ABADI MULIA INDONESIA CEMENT ENTERPRISE (THE INDOCEMENT GROUP) U*****,000,000 PROIECT RELATED TERM LOAN Lead Managed by: AMERICAN EXPRESS (INTUINATIONAL BANKING GROUP) BANK NEGARA INDONESIA 1946 CREDIT LYONNAIS (SINGAPORE) INDOSUEZ ASIA LIMITED Managed by: AMSTERDAM-ROTTERDAM BANK N. V. CHEMICAL BANK INTERNATIONAL GROUP
      224 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1695 12 BID and offer prices officially listed and business in and reported to the Stock Exchange ot Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUBTBIAL ft COMMERCIAL Acaa (193B)
    1,695 words
  • Article
    Unit trusts
    198 12 ■MMK UWT TSU8T (M«M|Iii' frtm tar Not SI) The Commerce 3 1» J 35 The Savings Fund 117 I K S"por* Prof Fund V 40 147 S pore Sec. Fund 2 08 2 20 S pore Invert Fund 108 1.13 S pore Equity Fund 1.37 1.44 Mi UNIT
    198 words
  • Article
    SHARE INFORMATION SERVICE
    2849 12 Big 1M1 1 Low CMyujr Last Sale +«rGr*s Dhr Dh (Nf Or*! Net TM P/E v«i COOO) Bit Day |h Lew 8ECTION ONB INDUSTRIAL COMMERCIAL 4M m 360 312 m 280 «o 532* 975 430 240 119 130 1M 2M 79 2M 220 322 231 Acma Alcorn
    2,849 words
  • Article
    In Kuala Lumpur
    1730 12 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with t he number of shares traded shown in brackets in -I lots of 1,000 units, unless otherwise specified [NDWRUU ~f (3MB) (1) Mi (4) 131 Abmm (IMB LOS)
    1,730 words
  • Article
    COMPANY MEETINGS
    71 12 BOLTON Pnptrtlti Ber> Iu4: BOGM to be held at Room 502, bJi Floor, Campbell Complex, Jalan Campbell, Kuala Lumpur on Nov 30 at II am. GUINNESS Malaysia Berha4: Eighteenth AGM to be held at Sungei Way Brewery, Petaling Jaya, Selangor on Dec 1 at 11 am. MLXTl-ParpMe H«l4li|i
    71 words
  • Article
    Advances slow to a halt
    593 12 AFTER tkne n—in ■Mm daya at advaaee, tha stock market eaaM ast qaite to die wtoek way to 9a ycatorday aad fiaally elaaed atad wttk galas ksvtag a Opealag prices were •toady wttk a aamker af eeaaters atarttag to ane apwarda straagly. Their perfarmaaee kalpel
    593 words
  • Article
    Kuala Lumpur slightly easier
    613 12 SHARE prices closed mixed to slightly easier at the Kuala Lumpur Stock Exchange yesterday as late profit-taking cut into early gains. Volume also showed a marked decrease. Trading conditions were better in the morning with prices starting on higher ground, perhaps influenced by the Hongkong market's
    613 words
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  • COMPANY NEWS
    • Article
      Sharp decline in profits at Wearnes
      357 13 WEARNE Brothers Ltd has turned in sharply lower profits for the year ended Sep 30, largely because of a contraction in motor vehicle sales as well as a downturn in the heavy equipment industry. Consequently, shareholders will have to bear with a cut in
      357 words
    • Article
      Slower growth at Toshiba
      315 13 FUTURE growth at Toshiba (Malaysia) is likely to be "moderate" considering the escalating production costs faced by the group and keen competition posed by foreign suppliers. Stating this in the company's latest annual report, chairman Tan Sri Datuk Taib bin Haji Andak adds that demand for
      315 words
    • Article
      COMPANY BRIEFS
      227 13 CREDIT Saint First B—t— Ltd has announced that State Bank «f India's US$30 million floating rate notes due 1987 will carry an interest rate of 12 15/16 per cent per annum for the six months from Nov 30 to May 28 next year. The interest payment will be
      227 words
    • Article
      Singapore Land's sea venture explained
      905 13  -  By MAUDRENE NITHIANANDUM A TALK yesterday on "The Role of Stock Markets in Corporate Investment Strategies." given by a senior representative from Jardine Fleming (Singapore), turned instead to one aimed at overcoming the credibility gap on Singapore Land's proposed sea venture. The proposal by the
      905 words
    • Article
      Details of SL's loan stock with warrants
      476 13 SINGAPORE l-»nri hag provided details of its new issue of loan stock with warrants (RSW) to the Stock Exchange of Singapore. The $100 million unsecured loan stock 1982/89 is to finance the current property development programme of the group. Under the proposed terms
      476 words
  • ASIAN STOCKS
    • Article
      Bangkok
      88 13 SHARE prices in Bangkok yesterday closed 1 generally steady in slow trading, dealers said. NOV Bahta Asia Fibre Ayuthaya In*. And Trust unch Bangkok Bank Bank Of Ajrudhay* 238 unch Ltd B«rll Jucker aoo unch Charoonf Thkl Wit* so unch First Trust a unch Industrial Finance Corp International 98-50
      88 words
    • Article
      Selected indices
      50 13 FINANCIAL TIMES INDUSTRIALS Wednesday 528.2 Tuesday 520.0 Week Ago 503.5 DOW JONES AVERAGE INDUSTRIALS Wednesday 878.14 Tuesday 870.24 Week Ago 844.08 H.K.HANG SENG Thursday 1439.95 Wednesday 1428.68 Week Ago 1395.38 AUSTRALIAN INDUSTRIALS Thursday 728.6 Wednesday 721.8 Week Ago 711.6 ALL ORDINARIES Thursday 580.0 Wednesday 506.6 Week Ago 5C1.4
      50 words
    • Article
      Market closes steady
      269 13 HONGKONG STOCKS in Hongkong yesterday closed steady aided by a late rally prompted by speculation interest rates could be cut at today's weekly rate review by the Hongkong Association of Banks, brokers said. Shares prices had drifted lower by midday, depressed by worse than expected performance of
      269 words
    • Article
      Sydney stocks finish firmer
      407 13 A RESOURCES sector recovery, firmer prices for key industrial issues and heavier turnover due to local takeover action translated into the best rise in the Sydney market in nearly three months yesterday, dealers said. The All-Ordinaries index closed 10.5 points up at 580.00. Bargain hunters pursued
      407 words
    • Article
      Tokyo shares slightly higher
      398 13 SHARE prices in Tokyo yesterday closed slightly higher on balance led by continued strength in drugs and drugrelated issues, but big capitals fell reflecting high margin buying, dealers said. The market average gained 13.90 to 7,664.69 in a moderate trading volume of 330 million shares. The
      398 words
    • Article
      Manila
      108 13 THE Manila stock market was mixed yesterday as commercials/industrials eased and oils remained higher with turnover rising sharply to 1.2 million pesos from 781,000 on Wednesday, dealers said. NOV SI Peso* AcoJ« Mlnln| 0025 unch AUu Con. A AUu Con. B lfc«0 -01 Bafulo QoM .0025 unch Bencuet Con.
      108 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      495 13 NOTICES IN THE MATTER Of THE COMPANIES ACT CAP 185 Pursuant to Section 254<2Xb) ANO IN THE MATTERS OF JOO WAH RUBBER (PTE) LTD At an Extraordinary General Meeting of the above named Company duty convened and held at Room 1110, 11th Floor Gotten Mile Tower, Beach Road, Singapore 0719
      495 words
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      Page 13 Advertisements Column 2
      203 13 All these Notes have been soW The announcement appears as a matter of record onfy NEW ISSUE November, 1961 PETROLEOS MEXICANOS (a Decentralised Public Agency of the United Mexican State*) U.S. $100,000,000 Floating Rate Notes Due 1988 (Extendable at Noteholder's Option to 1991,1992 and 1993) Issue Price 100 per cent
      203 words
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  • Article
    Supreme subsidiary
    265 14 SUPREME Corporation's finance subsidiary, Keng Soon Finance Berhad, will soon be renamed Supreme Finance (M) Berhad to strengthen its identification with the parent company. At the same time, the finance company has offered 30 per cent of its share capital to a Bumiputra institution, Chandan Holdings, as part
    265 words
  • Chief Price Changes
    • Article
      SINGAPORE
      151 14 ■WW M U I MBS Metro Hld(* Grand Central C K Tang U O I Sth Mala Ind O C B C Spore Land Sea lion Tnt Lee Bank Sea View 442 372 800 476 540 320 152 1160 910 015 000 500 59 42 40 34 30 28
      151 words
    • Article, Illustration
      KUALA LUMPUR
      146 14 Rises M U I 482 65 Pengkalen Ulu Benut 800 450 +60 +50 Island Pen 665 +20 S Land 960 +20 MBS 386 16 Loytape 204 14 A Choc 220 12 Falls Idris Hyd 1310 -40 G Ropel 320 -20 Wearnes 330 -20 Rah Hyd 590 -20 M
      146 words
  • Article
    Ipoh increases share in subsidiary
    210 14 IPOH Garden has increased its shares in its subsidiary, Ipmuda Trading, and its associate company. Pantile. With the purchase of an additonal 299,000 shares at $4.10 each, or 23.5 per cent in Pantile, Ipoh Garden now holds 48.2 per cent of the issued share capital
    210 words
  • LATEST RESULTS
    • Article
      GROUP net profit of Malaysia Mining Corporation
      72 14 was 1873.7 uriDkm (120.4 million) lor the year ended June 30, hmtarthg extraordinary profit of $BJ mHltnw (nil). The company, which agreed to merge with Malayan Tin Dredging in August, said the figures include profits from subsidiaries for the period from the start
      72 words
  • Article
    City Developments plans purchases worth $29m
    675 14  -  By SIOW LI SEN CITY Developments has proposed to acquire four properties for a total consideration of $29.2 million. Three of the properties belong to the Kwek family, -which has a controlling interest in City. Confirming an earlier Business Times report. City will buy
    675 words
  • Article
    Reorganisation at Promet
    679 14  -  By KOH TSE YING A MAJOR restructuring at Promet Berhad is in progress, the purpose of which is to neaten the group's corporate structure and to pave the way for further diversification. The marine engineering and construction group yesterday mmmmm a few acquisitions aad disposals together with
    679 words
  • Article
    LONDON STOCKS
    671 14 LONDON, Thurs- Share prices were marked «lightly higher in quiet opening trading after further gains on Wall Street. Little buying interest was noted and Industrial leaders added betweeen a penny and 3> as in Unilever, Bowater, awker Siddeiey, ICI and GEC Thomas Ward gained 4p at 192p following
    671 words
  • Article
    Lock icon MMC RESHUFFLE
    185 14 ■ML Companies Editor: Mano Sabnani Reuter MALAYSIA Mining C«rperati«n is to reorganise its senior management with n new exeentlve chairman expected from Permedalaa Nnatonnl Berhad, the Malayslaa government agency which holds a majority It to anderstssd that Mr Mohamed Desa Paehee, Pennodaian's general manager nnd chief exeentlve, is
    Reuter  -  185 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      156 14 U5535,000,000 Floating Rate U.S. Dollar Negotiable Certificates of Deposit, due 30th November 1983 The Dai-Ichi Kangyo Bank Limited (Singapore Branch) In accordance with the provisions of the Certificates, notice is hereby given that for the six month interest period from 30th November 1981 to 28th May 1982, thie Certificate will
      156 words
    • Advertisement
      Page 14 Advertisements Column 2
      745 14 BILL REDDIN INSEMINAR Jit r'jSl (V i f I «'l:/ Profwor W. (Bill) Riddin is the developer of the 3D Theory of Managerial Effectiveness. Professor Reddin has probably written more on this topic than anyone. His world following attests to his acceptance. The London Times called him 'The Management Guru
      745 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      68 14 OUTLOOK for Singapore from 6am to Ipm today: Generally cloudy with showers in a few areas from the late morning onwards. Report for 24 hoars prior to 1M pm m Nov 2C at the airport: Maximum temperature 30.6 Associated humidity 69 Minimum temperature 24.4 Associated humidity 93 Hours of sunshine
      68 words
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  • SHIPPING TIMES
    • Article
      Call to set up own national freight booking centres
      563 15 THE 17th meeting of the "Federation of Asean ShipS Council (FASC) in Patbeginning today will lasize on the need for ftember countries to set up ISrir own national freight booking centres for their .ggperal westbound cargoes *io reduce dependency on the
      563 words
    • Article
      PPC adds another temporary berth for box trade
      571 15  -  By VONG NYAM MING THE Penang Port Commission (PPC) is taking stopgap measures to keep pace with the projected growth of container traffic. With the addition of a second temporary berth, Penang port will be able to handle the 100,000 TEUs it
      571 words
    • PORTSIDES
      • Article
        Lock icon Chinese group in S'pore
        114 15 UPI A DELEGATION from the China Maritime and Shipbuilding Industry will arrive in Singapore on Monday to discuss co-production of oil rigs with their counterparts, shipping officials said. The delegation drawn from the Sixth Ministry of Machine Building, the China National Oil and Gas Exploration Development
        UPI  -  114 words
      • Article
        Opposing Unctad plan
        106 15 SHIPOWNERS in the Nordic countries are to intensify their opposition to the Unctad plan to introduce protectionism and restrictions on the international markets for bulk cargo. Restrictions of this sort will lead to a dramatic increase in transport costs, which will eventually be borne by the individual
        106 words
      • Article
        Lock icon China's automated ship
        69 15 AFP CHINA'S first fully automated vessel built by a Shanghai shipyard recently underwent sea trials, the Shanghai Wenhui Bao reported. The Lu ban, a 16,000-ton bulk carrier, was build for the SinoPolish Shipping Line. In an accompanying aritcle, the Wenhui Bao said the Shanghai Shipping Indstry Corporation
        AFP  -  69 words
    • Article
      INDEX TO ADVERTISERS
      667 15 8M||*U Lhw Pace Gai AeKpatetoShpt VI a Adriatic Cm Ale. Abv-Evuta vm VI VI 4 1 t Mtrad CT Alltraaa Alpac Angkutaa >I|HI vm vn VI VI V vm 1 4 9 4 5 ANL APL i m 1 Arab Liar AiyaUi ASCL AtfaMwcteat Atia* Un AMUuOM
      667 words
    • Article
      SHIPS IN PORT
      280 16 ARRIVALS KEPPEL WHARVES Jamaica Farewell (1200 after Mari Boeing) 33/34 Kota Pahlawan (after Kota Jade) 8/9 Lu Jiang (1800 after Graha) 15/16 Muhlhausen (AB) (0600 group I on board) 10/U Mangan (1900 after Regenstein) 44 Nedlloyd Spaarnekerk (0400 after Nedlloyd Steenkerk) 3/4 Oceania Star (2000 tide, after
      280 words
    • Article
      Container Schedules
      942 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 Asian Pegasus ***** 26.1 lJtl 1500 Integrated TA 4 TT Nordbay 12A 2611.81 1700 MOL TA 4 TT Tokyo Bay 511
      942 words
    • Article
      LONDON FREIGHTS
      1633 16 ORE CHARTERERS showed increased interest on Wednesday in an otherwise rather dull market with the steady level of U553.35 being paid for iroo ore from Narvik to Emden and 18.75 from Cape Lambert to Rotterdam and Ymuiden. In addition, iron are was covered from Mauritania to Italy at
      1,633 words
    • Article
      ORIENT EXCHANGE
      641 17 THE South-east Asian region is seeing a modest expansion for all types of shipping business this includes timecharter, sale and purchase, repairs, new buildings and demolition. However some shipping companies are experiencing a slight downturn in business volume. Order books have swollen for countries like Japan followed by
      641 words
    • Article
      Three countries with worst tanker accident records
      501 17 GREEK, Liberian and Indian tankers have the worst accident records, a survey by the Netherlands Marine Institute (NMI) has revealed. The statistical report also uncovers the poor safely record of tankers under British management, particularly when operated under the Liberian flag. Based mainly
      501 words
    • Article
      SHIPPING LIST
      409 22 GALVESTON W. Hooper. Waterman, Nov 29/30. Axel Maersk, Maersk. Dec 1. Largs Bay/Main Express. Hapag-Lloyd, Dec 2. Benattow/Maln Express, Hapag-Lloyd, Dec 5. Alva Maersk, Maersk, Dec 8. Benarmin/Elbe Express. Hapag-Lloyd, Dec 9. Hongkong Express/Alster Express, Hapag-Lloyd. Dec 14. Lexa Maersk. Maersk, Dec 15. GDYNIA P. tyierzejewski, Polish Ocean,
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      358 15 a st class transport Agents: N«dltoyd EAC For further details, please refer to page V |ScanDutchy| 4f* KI) 1\ 1 I \H na FULLY CONTAKRRED SERVICE TO EUROPE (VIA SUEZ) £5" UMww Itai f*m KW| Mwwi «TWO 14« 29/11 30/11 19/12 20/12 22/12 24/12 28/12 rjlioaw 7/12 8/12 26/12 27/12
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      278 15 UNITED ARAB SHIPPING CO (SAG EXPRESS MULTI PURPOSE SERVICES lEQI Loading for Wsf* FULLY CONTAINERISED SERVICE Iraq cargo acceptable jntransH Acceptmf La c«|D tw Dwtei wd Kuwait I S'nrt Lo«tfM| lor M. mmw *.i 7 Ctosm| (mms Fa 26 UOOHRS La 27 7300 MRS i (7/12). Dkmuki (1/12), vt (11/12).
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      14 15 mmw CONTAINER Schedules SHIPS In Pert LONDON Freights ORIENT Exchange SHIPPING Schedule REGIONAL Weather
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      414 15 Agents: Nadltoyd EAC Please refer to pagi y MAhRSK LINE EXPORT FULL CONTAINER SERVICES TO: UA PACIFIC, GUI«F, ATLANTIC. EAST CANADA. ASIAN PORTO rmam «wl ir 2 Pbllsdelpbto "V 'F1 SSSSES 3 l/U M— 1/12 K2555E5 12 74 12 L£XAMKK» 15/12 SSSK2S «if /l 2 14 -15/12 OMfiCO mow 20/12
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      609 16 MALAYSIAN INTERNATIONAL SHIPPING COPPN. BERHAD. WISMA MISC, NOi, JALAN CON LAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Feeder f. Keto* Yaml B PENAGA toPort 6 SUM 8 DAHLIA 4/12 K DELFT B. PENAGA 11/12 NHOORN B DAHLIA 11/12 TOY
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      253 16 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA mm faM Uri kM to tart htart 21/11 mm Mtf MM b tart a/11 a/11 2/U m SM l/U VU VU VU 11/12 nuan vu 7/12 11/12 14/12 u/u mm vu M/u u/u 22/u 2vu a/u TO: PANAMA US ATLANTIC EAST
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      826 17 The Straits Steamship Group f STRAITS SMPPMG f "iinQT»ofi to jitooh. jf >wfc. Bruno! Ports and Bangkok i Overseas Containers Limited [CONTAINCRSHIP SERVICE TO UK CONTINENT LtHnrt lUL 22/12 15/12 CHa|M kw 17/12 19/12 29/12 31/12 31/12 12/1 12/1 M/l 03/1 27/12 N/1 17/1 •7/1 31/12 14/1 M/l M/l 11/1
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      436 17 NOTICE m.*. "Vhtn Hmt a ml'rf Wn iii>ll, MB at Pi-A. Gitm Na. L Ghril Survey of carco the above vuwi will WMm TuMday lat December. ISH. tram 100 a m to SJt No farther mm aner this date Aamlk* LAnuEtTOI (Hi) m. M:- tUtll tJq Franco Belyum Services tmm
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      609 18 Hapag-Lloyd 10 NORTH EUMft Frathvl Eipreu l«plq Mu> accepting transhipment cargo to> CARIBBEAN WESI WOKS «ia Him Bui J TO MEDTTOUWEA TV* HK Spore P Hetjngl Genoa In Ere* lav* 22/11 24/11 29/11 30/11 flB/12 23 Mot* BUnc Han 30 11 2/12 6/12 8/12 24/12 30 FROM NCTTH-fIJROPt trwi )lui
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      469 18 ITO/V£>l SHIPPING CORPORATION f. Kaiang PENANG STORE ALTAR 170E 7-9 Dec 4-6 Ok 30 No*Z Dec TO BUSAN ALTAR 169W 7-9 Dec 4-6 Dec 30 Nov-2 Dec FROH BUS BANGKOK VEGA 167N 21-23 Dec 24-26 Dec 11-20 Dec FROM BUS/ BANGKOK GA 16ft 21-23 Dec 24-26 Dec 11-20 Dec TO
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      605 18 EVERGREEN LINE FAR EUST/EUROK CONTAINER SERVICE ACCEPT!* FCI ft ia CARGO FOR S pot MM) Hiwtu'i f tfaitaM Mlirtai Inhmp It Hint 4/12 U/u M /U j, /12 i /t| J/«l 4,|i IS/12 4/1 4/1 «/l 11/1 12/1 24/12 4/(1 15/11 17m 21/01 22/41 EwtWH J/il 24/41 24/41 21/41 N/41
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      776 18 if Everett Lines Burmt Fivt Star Sbipptrtf Corpn. "BURMESE NATIONAL LINE* LOADING FOR RANGOON !>« Mm.( fnw| r#6 n/7 Ok 4 t Dae w Ok J/7 Ok S/U tec '/fOK nttSMKCTMITM VII Dk rc, F}S C 0 BOUSTEAO SHIPPING 4 1 2° 4 /Z 4 L1 387 PKELANG *****1/8 PfNANG
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      284 18 J—mo.s.E. OCEAN SHIPPING ENTERPRISES PTE ITO. SANKYO LINE japan/stiuuts service •ORIS VWPOK OCEM SWPMC 1 (MTWMES PIE lIP TEL *****44/7 I znwt KUALA lUNPW EMI ASM 9VPME 110 TEI 414C44/4M7SI POTKELAK EAJI ASA SMVME LTD TEL 1M712/1/7251 *aa* mum nun t nuwpati ltd TU C7KI I Um smmm pjcelamc pons
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      908 19 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HOOEIDAH. JEDDAH AQABA (Reefer Cntrs Acceptable) VESSEL Accepting LCL Cargo to Colombo A Aqaba. *FCL CLOSING 25/2359 HRS 26/1800 MRS SEA. Container Feeder Service SINGAPORE/PT KELANG/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS VESSEL irn: PT.KELANG NEP. AGATE 3S/4N NEP. ZIRCON 565/57N 27-28/11 4-5/12 8-7/12 NEP. TOPAZ
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      730 19 FT^ BEN LINE CONTAINERS EXPRESS CONTAMER SERVICE TO/FROM EUROPE Oy«ft**v| L»pßn Taka Itfrru IT ton Haw* 4/1 VI 77/1 29/1 Prig Ham B rurtfi ftarn H tut 1/U lap toj 1/1 VI 4/1 C/l SUS 24/12 TaMaUfrati 24/1 it/1 27/1 21/1 IMOPt: KBURC B HAVTN R OAM MAVW SOTON V)
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      666 19 Scan Dutch V WEEKLY EXPRESS CONTAINER TO M£P/UK/NC/SCAM SERVICE TfM I l)VMte;)r«n])N-tar|4)C'k»| i kmc* in pwi 8 DM* 4/12 i nmtc* 10/12 I DMttt 11/12 i nwu n/12 s OMIM 1/1 I KMC* l/l MUM IS/1 SIM* 1/12 it/12 20/12 20/12 72/1? J /U 4/1 S/1 "I lOT** 22/12 (/l
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      530 19 BOUSTEAD SHIPPING AGENCIES la BANK LINE EXPRESS INDEPENDENT SERVICE TO UK/CONT (ACCEPTING CONTAINERS ONLY) SPORE R'DAM HULL HMBG I 2 otc 6 Jon 10 Jon 13 Jon SANTA FE 3 ion 29 Jon 7 Fob 3 Fob (Doop Tonk Spoco AvoiiobU) Luko*/» Lines U.S. WEST COAST SERVICE mad *o cai
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      555 20 KAWASAKI KISEN KAISHA. LTD. J 1 EXPRESS CONTAINER SERVICES I: TO NORTH AMERICA IS?,®® 5 2 "OOKSDS 5° u m > *0/1! 30/11 lapis Act 11/u 22/12 11/12 a/ii Km Mm IVU 7/1 fw* 1/12 7/12 Padkc Ace 2VU 4/1 m»» n.i 2 vi U/12 10/12 S/U ~VI Vl mt-
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      571 20 -I CAUFOftWA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE lM*i( tar LOS ANGELES. SAN FMNCBCO. SEATTLE. TACOK. VANCOUVER It Acctpdni fa/fa Matn -'.m- ;r* sr vsr AUSTRALIA EXPRESS CONTAINER SERVICE Accent Fa/Fa C«tmn "WSHVA ASHA' VST IZ" JAPAN SERVICE Lm*| tar Rata. (Mm. (bent OuAa. Ma* tee cata Tm/S VKUVA wiCM'
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      752 20 y (•■'((till SINGAPORE SHIPPING AGENCIES PTE LTD. ?OTH FLOOR OCEAN BWIIDIMG SINGAPOMf 0104 MARKETING *****2IJUNISI I.IMMAI 9tJ»I»U«UMS TERMINAL OFFICE *****83 TELEX HS ***** WS ?Sb6B A BCAHSHIP CABLE CARGOSMI SAILINGS A WEEK to/from BANGKOK *MTMM Ml MMOMTM panobatm •uimmm PMCMRTM ummbw STQK SUA 78/79 N» 1 OK 1/7 DK 4/5
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      567 20 KORINS MARITIME SERVICES 5f Room 601 ICB Building. Shenton Way Singapore Tp) *****22 *****67 P Kclang Tel *****4******5 MIDDLE EAST/RED SEA/EUROPE SERVICES DANAOS VESSEL A VESSEL BUNGA VANDA. P Kciant Loadng For: )eddah/Berfa Dammam/Kuwait/Bahrai Bandar Abbas/6. Khom Bandar Abbas/B.' Khom Lj [Hyundae Shipping Co. Ijd S pore f. Kciant Loadhg
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      374 20 INTRASEA (PTC) LTD S CO■> 7 T BREAKBULK SERVICE TO EUROPE/UK FULL CONTAINER WEST BOUND SERVICE A. FDEUTY NBII7. FALCON NBIII Sincapwc Laad* lar 21 Nw Jaddah/Linaual/M'saln/ Hambv(/RoH«rton/nbiry 12 Dec -to EAST BOUND SERVICE IT PUH CON^iNE^HK/KEE/YOK^SERvf^E Yifctfiama/Otaka to ns£sS JSEVS. 1 JSfWSi I a nwaitt of nomas lagos am
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      577 21 TO EUROPE/UK (VIA SUEZ): C. CONTMO 14W+ HK CONTMO 2M.„ A CONCORD 2W C PMI 29W C ROZE 27* SS BROS 34W MERCATOR 25 Rf Also accepting cargo to/from Scandinavia C CONTAINER S pore Closing Times: FCI Cargo 0600 28/11 LCI Cargo 1800 27/11 FROM EUROPE (VIA SUEZ) K CHANCE
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      520 21 MALDIVE LINES eta KUANTAN ETA PORTKELANJ MALDIVE PEACE 3/12 Loading For Jeddah MALDIVE WBTY Sailed 28/11 Loading for Alexandria MALDIVE MAGE In Port Sailed Loading for Aden/Mukkaia MALDIVE CHEST 30/11 Loading For Male MALDIVE NAVIGATOR 28/11 Loading For Hodetdah MALDIVE NOBLE In Port Loading For Muscat/Bahrain Dubat/Dammam MALM* LBERTY 29/11
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      779 21 SINSOV SMGAPORE SOVIET SHAPING CO PRIVATE LTD SKSOV MOW 55. Matet Strwt Satfaeort 0104 Trfaphont Mantxn JI2JJ3 (is unit) Cable Address SfCSOV SINGAPORE Teiei Numbers RS ***** RS ***** RS 2510S P HUM M/S SHMKM MAN SOON SDN. M> IST AND 2ND FLOOR NO 1 JALAN CtMPENMG PORT KLANG MALAYSIA
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      0 21 [)[<`?=^>>}`.[`\$-^{((/$!^%'-~<
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      589 22 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG DIRECT LINER BERVICE TO EGYPT (PORT SUEZ PORT SAID ALEXANDRIA) stobe PI SUEZ ri SAC auxammm 21 D»c 20 0«c 23 DNX SPHWU »0t li Dec II Un 5 jail (m 11. Cargo Bookings Ploom Phono *****51/2 DIRECT LINER SERVICE FROM EGYPT mums u
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      459 22 tl) JOHORE SHIPPING IS3 JALAN tengku badar r>om keiang SELANGOR MALAYSIA A BINTULU |A J CONTRACTORS Uri SDN. BERHAD 37, PandM«an M Kud+f, Sarawak, Tat *****/205K Tain: MA ***** Express Car-Carrier/RO-RO Sanrice ta East Malaysia BWTULU NO. 1 £17/81 BMTUIU NO. 1 V:l«/ll BMTUIU NO. 1 *19/81 MNTUIU NO. 1
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      309 22 SAUDI E "s, LINE Regular Conventional Service SIM PK PN S. SUNRISE 10/12 TBN 11/12 23/12 (All Soudi FIO9 Vessel) PK PNG Loodmg tor:f i t i M TRANSTIMBER LINE BULK TIMBER SERVICE TL HPT 4/12 C/ 12 Jcddah, Trieste. Monfaleont, Safcrno. In ft 5/12 7/12 Valanda CAROL HE TANJONOBA
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      348 22 m S\ PERKAPALAN LAUTAN BIRU SDN. BHD. P O Box 220 kot* ktubjlu Stbih IfCDUUT UNFK sHtvta Sabah S*ra**k Bangkok Smgaporr* Port k*>Ung Vessels Penang PKlang LAUT AN RAN V.ll/tl 27 Ibv 1 Dtc LAUT AN ENAM V.S/81 30 Nov 5 Dec S'pore Loading tor KK Sandakan, Tawau SEALION SHIPPING
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      369 22 TITIMSS SHIPPING TRADING SON BHD (UNLOAD EXPRESS SERVICES TO EAST MALAYSIA AND BRUNEI) ACCEPTIC HE AVTLFT UP TO 16 TONS SERVICES TO MR, ROTA KVMMLU *TMN TUNC •mm rtfK wrm pen u/n 12/(1 PJELMS KST 10 l? m MINRNMM NO 3 \rj9B MUM MM NO 3 MkjL *W MM MM
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  • Page 22 Miscellaneous
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      166 22 gft. *&tx> u Regional Weather k 0. 2-7 A R M 1 ss 4» v V eJs' 0 m 9 3 V 2^. °c f~S Wim Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower
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