The Business Times, 29 December 1981

Microfilm: NL11423
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, DECEMBER 1181 60 CENTS
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  • Article
    Two claim wage policy not very successful
    522 1  -  »y LEE YOKE MENG THE Government's national wage policy has not quite achieved its desired aims, according to Dr Pang Eng Fong and Dr Linda Lim of the Economic Research Centre. The two university economists say in an article, Restructuring In Singapore, that
    522 words
  • Article
    Property experts advise caution
    591 1  -  By AGNES WEE THE DECLINE in the residential property market is expected to continue into the new year. The year may begin with activity and prices recovering because of initial optimism about economic performance and the release of CPF money for the purchase of private property
    591 words
  • Article
    SIC powers said to be adequate
    448 1 THE powers of the Securities Industry Council (SIC) are quite adequate to deal with those who refuse to comply with its rulings and directives. This was the opinion of several stockbrokers and merchant bankers Interviewed by ITiiffiwur Times yesterday. They were commenting on the
    448 words
  • Article
    Anchor Foods to build $30m dairy complex
    553 1 ANCHOR Foods is building a $30 million dairy complex at Pandan Loop. It will be ready by the end of 1983. The complex will house the three existing Anchor plants at Jurong, a new research and development department, and still have room for
    553 words
  • BRIEFLY...
    • Article
      Chase lowers PLR
      52 1 CHASE Manhattan Bank has reduced its prime lending rate (PLR) from 12 per cent to 11 per cent, with effect from today. The new rate puts Chase on par with the Big Four local banks in Singapore, and follows a similar move by another America bank, Citibank,
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    • Article
      Lock icon Japanese deficit
      63 1 AFP TOKYO, Mon. Japan last month suffered a current account deficit for the first time in six months, due mainly to slowing exports and a widened shortfall in its invisible trade account. The Finance Ministry said Japan's current account is in the red by U551,062 million in November,
      AFP  -  63 words
    • Article
      Austerity budget
      67 1 TOKYO, Mon. The government of Prime Minister Zenko ftwiiin today completed an austerity budget which, while placing heavier burdens on taxpayers, calls for marked increases in defence spending and official aid to developing countries. The draft budget, approved at a special Cabinet session, amounts to 49,680 billion yen,
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    • Article
      Cost of living up
      81 1 KUALA LUMPUR, Mon. The cost of living in Malaysia went up by 9 9 per cent for the 10 months of this year. According to the Statistics Department, the sub-group index for food accounted for 50 per cent of the increase in the consumer price index
      81 words
    • Article
      Polish debt
      75 1 DUSSELDORF, Mon. The Polish debt will not automatically become due in full if Poland is unable to gay this year's interest, Harald uehnen, president of the West German Banking Federation, told the burinem paper, HaadelsbUtt, today. .Referring to debts owed to private Western creditors, he said: "I am
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    • Article
      Lock icon Japan to retaliate
      79 1 AFP TOKYO, Mon. Japan today told the United States that it. will take retaliatory steps against a recent US decision to impose sanctions against Japan Air Lines (JAL), the Transport Ministry said. The measures require US airlines to obtain the Japanese ministry's advance approvals for unscheduled fights
      AFP  -  79 words
    • Article
      ILO report
      68 1 KUALA LUMPUR, Mon. The International Labour Organisation (ILO) says that certain amendments to the Trade Unions Ordinance »nd the Industrial Relations Act "run counter to the principles of freedom of association." It will ask the Malaysian government to give serious consideration to amending these sections to bring trade
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  • Article
    Sharp increase in expatriate recruitment
    641 1  -  By RICHARD SEAH EXPATRIATE recruitment in Singapore increased sharply this year, but it is not clear whether this trend will persist. Executive search companies, which help companies (ill top management positions, report a sudden Jump in the number of expatriates recruited this year. The percentage
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      Page 1 Advertisements Column 2
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      37 words
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      Page 1 Advertisements Column 3
      202 1 FOR PEOPLE WHO MATTER Europe and beyimd? Fly via Amsterdam Why Amsterdam? Amsterdam international airport is your unique gateway to Europe and the Americas; with an extensive range of KLM connections covering all the major European centres and no less than 24 destinations in North, Central and South America. Wherever
      202 words
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  • BANKING AND FINANCE
    • Article
      Lending business here segmented
      478 2 THE lending business within the banking industry in Singapore is a aegmented market, with different banks carving out their own United Overseas Bank and Oversea-Chinese Banking Corporation have been strong in trade financing while Tat Lee Bank has been particularly active financing property developers and contractors.
      478 words
    • Article
      Lock icon Thais get loan for projects
      197 2 Reuter THE World Bank has agreed in principle to extend Thailand a structural adjustment loan of US$l5O million. The loan is for various projects to be implemented under the Fifth National Economic and Social Development Plan which started last October. A senior Finance Ministry official
      Reuter  -  197 words
    • Article
      Lock icon Rumania fails to pay debts
      59 2 AFP RUMANIA has failed to expand its economy and often delayed its repayments of debts to Japanese financial institutions, the Kyodo news agency reported. Rumania's liabilities to western countries stand at US$B billion, the third biggest among East European countries after Poland and Yugoslavia. 01
      AFP  -  59 words
    • Article
      Getting five banks with one ATM
      194 2 THE first automated teller machine of Associated Data Processing Pte Ltd (ADP) was commissioned at the Queensway Shopping Centre yesterday. ADP is the joint venture company owned equally by Asia Commercial Bank, Far Eastern Bank, Industrial k Commercial Bank, Overseas Union Bank and Tat
      194 words
    • Article
      Lock icon LIFTING OF LENDING CONTROLS
      119 2 Reuter THE Bank of Japan has in* formed 13 Japanese city banks that It will allow each bank to go ahead with its lending plans without quarterly adjustment. The central bank has, up to now, controlled excess commercial bank lending by setting a quarterly ceiling of
      Reuter  -  119 words
    • Article
      Lock icon Treasury borrowings raise short-term rates
      713 2 NYT UNUSUALLY heavy yearend US government borrowings continued to weigh on the money market last week, raising short-term rates a point on average and reducing prices of longer-term coupon securities as much as two points, or US$3O for each $1,000 of (ace value. An unexpected
      NYT  -  713 words
    • Article
      Lock icon Bank of Italy limits credit expansion
      345 2 Reuter THE Bank at Italy has set an effective limit of (our trillion lire on internal bank credit expansion next year. The Unit «as set In a one-year extension of the bank's system of monthly ceilings on credit expansion. A central bank statement said
      Reuter  -  345 words
    • Article
      Lock icon Borrowings up 53.6pc in 1981
      97 2 Reuter A TOTAL of UStLBJ billion was raised on the international capital markets in I*l, 53.« per cent more than in I*o. The Organisation for Economic Cooperation and Development (OECD) said that a major part of the increase was represented by a 154.4 billion rise
      Reuter  -  97 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        395 2 THE US dollar eased slightly against major currencies on the local market yesterday. v Trading was quiet and featureless as European markets were still closed for the festive season Dealers said there was generally a lack of interest in the market. The US dollar opened against the local
        395 words
      • Article
        Hongkong
        124 2 THE US dollar in Hongkong yesterday eased against moat major currencies in quiet, late foreign exchanges. The yen strengthened to 221.30/50 to the dollar on commercial support despite the narrowed november Japan visible trade surplus, compared to an early 221.70/85 It ckwed Thursday at 222.25/50 in New York. The
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      • Article
        PLR
        22 2 THE average rata at which major Singapore bsnks are carraatly prepared to lead to their best customers Is 11JG per ceat.
        22 words
      • Article
        ASIAN $ RATES
        185 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Dec 28: Ul DdkiafSaat) OBm *1 7<Uyt 14* 14* 1 month 13 13/16 13 11/14 2 month* 141/11 13* 3 monUu 14 131* 4 months 14* 14% 9 moo till 14 13/14 14 11/14 UmontiM 14 11/1414 11/14 NM
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      • Article
        Discount
        41 2 RANGE al pricw offered by dUcount houaca oiDkI: Ovcntcbt: 4M« Ctll dtp—Itt: J% to 4V*% CWH —7*€ 3-month Treasury bUU 2H 2* 3-month Bank bUU IH «M 3 moolhi CD IH W montha CD #H IH Source: National Discount Co
        41 words
      • Article
        Frankfurt
        37 2 Frankfurt exchanges opening quotes on Dec 28: US 2.2700/50 Stg 4.280/300 > Can —1.9173/8222 DF1 90.85/91.16 S FY -125.13/125.65 Lit -1.866/74 F FY 39.30/40 N Kr 38.73/83 B FY (con) 5.920/940 B FY (fin) 5.346/356 Yen -1.0238/67
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      • Article
        Gold
        221 2 SINGAPORE fold futures yesterday dosed weaker compared with last Wednesday's close here, after moving within a narrow martin in quiet and featureless trading, dealers said. Total ssies for the day was recorded at lots while kerb volume at 30 lots, they said. Prompt closed lower at U*****/404 an ounce
        221 words
      • Article
        Silver quotes
        31 2 New York EvicH U1B UK UB M UK uu UK an,*,**. UK UB UK ■at UK Qottag prtc a trtjy oobo UK US UK Ulan Source: Credit Suisse, S'pore.
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      • Article
        Tokyo
        315 2 THE US dollar for overnight delivery in Tokyo yesterday do—d at 221.55 yen after a 221.80 opening, and compared with a 221.90 close in Tokyo last Friday. Trading was thin, with a volume of 1722 million in the absence of fresh incentives. Some dealers said the Bank of Japan
        315 words
    • Article
      Lock icon Promoters of Tokyo gold market to meet
      203 2 Reuter JAPANESE ijcomotos of the planned Tokyo Public Gold Futures Market wffl hold their inaugural meeting next month. A preparatory committee ■dd the promoters are 11 trading h ousts, four gold amelters and one gokkmitte They plan to have about lit etrhsnge members,
      Reuter  -  203 words
    • Article
      Lock icon IMF advice to Spain
      83 2 AFP SPAIN should loots the controls on Its economy and make its industry more competitive. TMs suggestion was given by the International Monetary Fond (IMF) In its ssnwal report. A team of IMF experts, who visited Spain this month, concluded thai the country Is plagued by
      AFP  -  83 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      232 2 .^1 ,3S« nc-romy atmatMTAmf rem xx/th [Asr AjM STHUS.EAJPTE LTD Unit 100% 10th Floor, Tan Boon Liat Building, Outram Road, Singapore 0316. Tel: *****47 (3 Lines) Cable: STIHLSEA Telex: RS ***** Worldwide management experience at your fingertips. <» •♦•7'^B |2S v <' -V 5 kkL>. 3*v. 1* V. ■*<%; v
      232 words
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  • TRADE AND INDUSTRY
    • Article
      Breton to increase production of tiles
      372 3 BRETON Singapore, a manufacturer of compressed marble tiles, is planning to expand its production capacity in view of the growing market for its product. H Early next year, the company will add a third shift and raise its total production by 500 sq m
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    • Article
      MEMO PAD
      858 3 SEMINARS AND COUBSEB Qec 28-Jan 20: Financial Planning for <■ Marketing activities, Coppage Centre, t npb Jan 5-7: Leadership Styles, High Per- (ormaace, Team Building and Effective Communication, Oberoi Imperial Hotel, American Institute of Manage- ment/Sterling Communications Jan 5,7,9: The Secretary in Management -i Today, SIM Conference Room,
      858 words
    • Article
      Bridgeport decision to produce machines locallly pays off
      222 3 BBJDGEPOBT, a MM maehlae maaafaetarer waali have lest Hi markets in Asia art tor the maaafactaitag plaat la Slaga* psre. Mr H Daekmaataa, grsap sali the aSy 7 lstoleeasse 1 «Mass here. la Iks latter part tt the lifts, Brtigapsrt reafeei that
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    • Article, Illustration
      PEOPLE IN BUSINESS
      142 3 BANK of America has announced the promotions of Mr Vincent Chen and Mr Dominic Oh to vice-presi-dents from Dec 1. Mr Vlaeeat Chca is currently a credit section head with the bank's Singapore branch in charge of textile, electronics, printing and pharmaceutical companies. Prior to Joining the
      142 words
    • Article
      Plant to make specialty items
      195 3 AN AMERICAN manufacturer of specialty rubber, metal and plastic components for the pharmaceutical and medical industries will set up a multi-million dollar subsidiary factory in Singapore soon. Called West Pharmapack, the factory will serve the South-east Asian and Australian markets. Construction of the factory at
      195 words
    • Article
      NWC payment for Esso staff
      130 3 ESSO SINGAPORE'S implementation of the 1961 NWC wage increases will cost the company an additional 1260,000. Under the agreement, all bargainable employees will receive the first tier increase of $32 plus four per cent. Three grades of bargainable workers will benefit from the second tier.
      130 words
    • Article
      Robin pact
      50 3 ROBIN SHIPYARD has signed an agreement to act as general contractors for another shipbuilding company, Seaconstmct Pte Ltd. The agreement is for the construction of a series of specialised vessels, Including some wholly made from aluminium. Some of these aluminium vessels reach up to 64 metres in length.
      50 words
    • Article
      Henry to focus on turnkey projects
      494 3  -  By RICHARD SEAH HENRY DESK94CENTRE, which specialises in making office furniture, will celebrate its 51st anniversary next July with the opening of its own building. The new $3.5 million Henry Building at Jalan Eunos Industrial Estate will enable the company to double its current
      494 words
    • Article
      TRADE TALK
      538 3 ATLAS Copco (Southeast Asia) Pte Ltd, whose rcgkaal base is in Singapore, now provides computer quotes on supplying equipment to mining and construction companies for ma)or projects in the region. The company, part of the Swedish multinational group of companies specialising in mining, construction and air-powered equipment, use
      538 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      5 3 mm i I 111 I
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      Page 3 Advertisements Column 2
      56 3 This Issue has been successfully completed and this announcement appears as a matter of record only. JACK CHIA ENTERPRISES (MALAYSIA) BHD RIGHTS ISSUE OF 6,314,000 STOCK UNITS OF $1.00 EACH AT A PRICE OF $1.50 PER STOCK UNIT MANAGER I ARAB-MALAYSIAN DEVELOPMENT BANK BERHAD UNDERWRITERS ARAB-MALAYSIAN DEVELOPMENT BANK BERHAD CHARTERED
      56 words
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  • OVERSEAS
    • Article
      Lock icon Opec's ability to stabilise crude prices doubted
      807 4 NYT THE Organisation of Petroleum Exporting Countries (Opec) has promised to freeze crude oil prices until the end of 1982 but oil industry analysts doubt whether it will even be able to prevent prices from falling. The implication of this is that Opec's
      NYT  -  807 words
    • Article
      Lock icon China resumes criticism of US foreign policy
      629 4 NYT AFTER months of referring to the Soviet Union as the principal threat to world stability, China has resumed its old criticism of the US as a superpower vying with Moscow for hegemony over the Third World. The change of tone, which was
      NYT  -  629 words
    • Article
      Lock icon Oil price expected to rise in third quarter of 1982
      199 4 Reuter prices la Iks thM quarter af ifcißa "CMe 00 Ami Pradaet Prlee Oattsak," they saM a "pnjteM Bidyear bifrMfl la sO de■aad astfce sabhas bssa taking ptaee riaee the cad af last year will lead Is a sight taereaae
      Reuter  -  199 words
    • Article
      Lock icon Sale of Japanese VTRs likely to remain healthy
      300 4 Reuter THE period of Japan's skyrocket ting exports of videotape recorders (VTRs) Is over. But manufacturers can still look forward to healthy overseas sales for several years to come. Japanese industry analysts said yesterday that although they can no longer expect to
      Reuter  -  300 words
    • Article
      Lock icon Iran cannot keep part of deal on US hostages
      259 4 Reuter FORMER Iranian central bank governor All Rexa Noban aaid in Vienna yesterday that Iran cannot keep pah of the financial deal which freed 52 US hostages last Janaary and has begun secret talks with American officials to change it Quoting
      Reuter  -  259 words
    • Article
      Lock icon Hanoi seeks dialogue with Washington
      494 4 NYT VIETNAM is seeking to open a dialogue with the US that would lead to diplomatic ties. Reports from western diplomats in Hanoi, as well as statements by Foreign Ministry officials, indicate the Vietnamese government's welcome to the four visiting American veterans of the Indochina
      NYT  -  494 words
    • WORLD IN BRIEF
      • Article
        Lock icon DEFENCE BUDGET UP
        481 4 Agencies JAPANESE government leaders have agreed to raiae defence spending for fiscal 1982 by about 7.75 per cent which would tnrhnW funds for the purchase of 23 F-15 fighters and seven Orion anti-submarine aircraft. The agreement was reached after lengthy negotiations by Finance Minister Michio W a
        Agencies  -  481 words
    • Article
      Lock icon Meat rations slashed, union members jailed
      499 4 UPI, NYT POLAND'S military government has announced that meat rations would be slashed 29 per cent, reportedly for all at 1982, and Warsaw Radio has said that several Solidarity members were arrested, given summary trials and Jailed (or up to 314 years. In a
      UPI,; NYT  -  499 words
    • Article
      Lock icon Japan to use more robots
      395 4 NYT ROBOTS will be widely used later in this decade in Japanese hospitals, in service industries, in agriculture, as well u in manutacturina where Japan already leads the world in use of robots. The Japan Industrial Robot Association announced the results of a survey at
      NYT  -  395 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      753 4 ARRIVALS Service Local Operator Naabei Tlae Proa AI AMU 0030 BOM PAA PA005 0150 JFK/SFO/ AHA/HKG MAS MHfiOl 000 KUL SIA SQ10I 0815 KUL MAS MHffll 0815 PEN MAS MH€T1 0845 KUL AI AI416 0810 BOM/MAA/KUL RBA B1427 OSS BWN MAS MH680 0840 BK3/MYY/KCH SIA SQ201 1000
      753 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      231 4 J W«, Philips ILLUSTRATED ATLAS I \VXJJM*XVVI> VI THE WORLD What makes PHILIPS' ILLUSTRA TED A TLAS OF THE WORLD the most comprehensive, accurate and modern atlas now available? PHILIPS' ILLUSTRATED ATLAS combines maps, illustrations and text in a reference book that is visually exciting, very readable and packed with
      231 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      153 5 Telecoms makes your New tear even happier Rate reduction from 1 Jan 1982 lor International Calls to Asia Ybu can save up to 22% for International telephone calls 20% for International telex calls fajwiH get a lot more for your money The table below shows the old and new rates
      153 words
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  • Article
    A question of interpretation
    340 6 THERE IS no doubt that increased automation and higher capital expenditure by local and foreign investors has moved into top gear within the last three years. There is also no doubt that it has resulted in higher productivity by the Singapore worker. What is subject to
    340 words
  • Article
    A continuing role for expatriates
    308 6 A SMALL economy like Singapore's is necessarily plugged directly into the vast international network of the world economy. As such, it is susceptible to all kinds of foreign influences. The pace of economic development in the rest of the world has been most rapid among
    308 words
  • Article
    Lock icon Guiding General Electric through the Eighties
    951 6  -  BASIC PLANNING PRINCIPLE OF SLOWER GROWTH LAN HARGREAVES looks at the man who hopes to inject new vigour into one of America's industrial giants. Chairman John Welch believes GE is too big and too diverse a company to permit the development o! a grand
    FT  -  951 words
  • Article
    Fairer share of the tax burden
    179 6  -  M S ASSAN Dear 9r, I refer to your editorial on VAT in your issue of Dec 16,1981. You raised some valid points but I think you missed one very important benefit VAT would have in terms of ensuring a fairer distribution of the
    179 words
  • Article
    Computers, not ICs
    424 6  -  RAYMOND LOW Depaty managing director Mark Taaeaek Ce (8) Dew Hr, I refer to the article "NS, Siemens to make new generation ICs locally" on the front page at your Dec 7 issue. You say that a 64K RAM IC "costs' $90 and that Siemens will make
    424 words
  • Article
    Tender for project
    78 6  -  Letters to the Editor FRED Y KUNIMOTO Dwflr, Reference is made to your news report "JDC Wink Chartered Job" which appeared in flusioaf Timet or Dec 16,1981. Yob failed to mention that Dillingham Construe- tion Singapore has also submitted a tender for the construction of this prestigious
    78 words
  • Article
    Lock icon Bleak prospects for Pakistan's textiles
    835 6  -  By DAVID DODWELL FT THE CRISIS in Pakistan's critically important textile industry particularly the country's textile exports sector has cast a shadow over reports that farmers have just harvested a second successive bumper cotton crop. While raw cotton exports may stay at the record levels
    FT  -  835 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      638 6 CRYPTIC PUZZLE 1 Money for the band? (5) 6 Sinker! (1-4) 9 Earthenware (or shooting «?(7) It Not able to make tun of it (5) 11 Beach or receive a piece ot meat (3,2) 12 Fillets the remain* (5) 13 Have such eels been blown up? (7) 15 Appreciate a
      638 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      636 6 The last lady to be hanged; tfhili «f (eh i, IMI Bale) wea the eapitel ef m te he heated sh>etette te AK-. z 3 day IMB jml ee Btekely After the ap te the pe(played by Her ea the ease el, at IMB pet, the H^evwTtaSe ea Aha a
      636 words
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  • Article
    Lock icon Planning anew for the future
    886 7  -  Fwni^ ?Aa_ witn JAMES RESTON NYT THE HOPEFUL thing at the turn of the year is that thoughtful people all over the world, even in governments, are beginning to question their own prejudices and plan anew for the future. This has been a year of
    NYT  -  886 words
  • Article
    Lock icon How Japan achieves low unemployment
    1056 7  -  WORKERS AND EMPLOYERS COOPERATE By the standards of most industrial countries, Japan has no unemployment. Its unemployment rate of 2.1 per cent is striking in the present economic environment, where most of the major economies are in recession and the ranks of the jobless are
    NYT  -  1,056 words
  • Article, Illustration
    Lock icon Paradox of progress in socialist Burma
    887 7  -  By PAUL WEDEL UPI ONCE known, not entirely in Jot, as the largest openair antique car exhibit in the world, the streets of Rangoon are showing surprising numbers of new cars evidence of a quiet but continuing economic upswing in socialist Burma. Ancient Hillmans
    UPI  -  887 words
  • Article
    Lock icon Corolla's success story
    385 7 NYT WHEN IT arrived in the United States in 1968, the Toyota Corolla was a modestly powered, austere economy car with a base sticker price of US$l,BOO. It was primarily intended to compete with the Volkswagen Beetle. Today, the Corolla is a stylish, well-equipped, sporty sedan, hatchback,
    NYT  -  385 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      166 7 m The Times Calendar '82 is exquisitely reproduced from eminent Chinese painter, Lu Feng's Plum Blossoms. A favourite subject among Chinese painters, Plum Blossoms epitomize people who display fortitude and resourcefulness under the most trying conditions. Lu Feng (also knows as Tang Xiaofeng) is noted for this bold, unconstrained style.
      166 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Why earnings at C Itoh fell
      367 8 euter THE SHARP drop in the consolidated net income of C Itoh and Company in the first half of the current financial year stemmed from a large deficit in the company's oil refining business, a company spokesman said. The company earlier announced that consolidated
      euter  -  367 words
    • Article
      Lock icon Profit rise expected at Isuzu
      146 8 Reuter ISUZU Motors expects a 47 per cent rise in after-tax profit for the current business year (ending Oct 1982) to 12.50 billion yen from 8.51 billion yen last year. Sales are expected to increase by 17 per cent to 850 billion yen from 727.41
      Reuter  -  146 words
    • Article
      Lock icon Big Harvester loss likely
      215 8 Reuter INTERNATIONAL Harvester expects "a substantial loss" in the first quarter ending Jan 31 because of plant closings to cut inventories. Chairman Archie R McCardell said truck and agricultural equipment plants would operate at 33 per cent of capacity in the current quarter, compared with 73
      Reuter  -  215 words
    • Article
      Lock icon SEARS SETS RATIO OF EXCHANGE
      141 8 Reuter SEARS, Roebuck and Company has set the exrhange ratio at 3.110 shares of its common for each share of Dean Witter Reynolds Organisation Inc. Dean Witter is scheduled to be merged with Sears on Thursday, pending approval by Dean Witter shareholders today. Sears said
      Reuter  -  141 words
    • Article
      Lock icon Refinancing by CSR
      227 8 Reuter AUSTRALIAN sugar and energy group CSR said its newly acquired unit, Delhi Petroleum, has ceased to be a wholly-owned subsidiary as part of the scheme to refinance its acquisition. The Cooper Basin exploration company was the main asset of Delhi International Oil Corporation, which CSR recently
      Reuter  -  227 words
    • Article
      Lock icon High interest rates depress Mitsui income
      161 8 Reuter MITSUI and Company said the large fall in its net income in the first half of the. current financial year was due mainly to high interest. rates overseas. Earlier, the company reported a 90.7 per cent fall in" first half consolidated net income
      Reuter  -  161 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      248 8 The American Express Card serves you well, wherever good food is served" Getaway to Sentosa with family and friends w Cost only HALF AS MUCH if you're residing in Singapore It's easy. Just book our chalet units, and enjoy a 50% discount. Offer applies MONDAY THURSDAY (except public holidays and
      248 words
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      Page 8 Advertisements Column 2
      122 8 übertus mm For lunch. For dinner. For a richly rewarding experience. As. 1V.v.0-sm. m I utm > I'' "»(i s.utir i.iv. > 1 7 Spoi Ml Su'lli.' >24 (Hi 1m 1 ■i. ,1 r >12 (Ml Id". s.T. f V. For reservations call *****77 if!.- Buff.- ",(l Id'.. I «im
      122 words
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      Page 8 Advertisements Column 3
      201 8 o TIVE r CONTINENTS R( ST L R A T Before you fly away to foreign lands, check-in your hags rhen seek out the Five Continents Restaurant. Relax in intimate surroundings and wine and dine on the superb international cuisine you've ever tasted. Lunch 12 noon 3 pm Dinner 7pm
      201 words
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      Page 8 Advertisements Column 4
      129 8 When you dine, dine Cantonese. #W# K#' -4*3 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 is set for an
      129 words
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      Page 8 Advertisements Column 5
      163 8 SMPagt 11 for Asian stocks The Dragon Palace Restaurant is *here you can dine in regal splendour and teast on splendid dishes fit for a King Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy tiwosome 1 Oxley Rise/Penang Ro*d Smgapor* 0923. Tel
      163 words
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  • RAW MATERIALS
    • Article
      Produce exchange
      166 9 CBNBB PNiaw Kuta^, psaMmhg yesterday. Cihml Bulk fob $101.90 seUers, old drum (in second hand drum) fob (113.00 sellers, new drum fob 1117.00 sellers. Copra: Mixed (loose) 153.00 buyers. Psypsr: Muntok white pepper fob Asta NLW $372.50 sellers, Sarawak white pepper tsq fob NLW $917.50 sellers, Sarawak special
      166 words
    • Article
      TEXTILES
      188 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (hi HK dollars, spot ex-go-down) CsMsa yaia: China Blue Phoenix 20i 2,545 32s 3,175, 40s 3,330 (per bale of 400 lbs). Piece gseds: China Butterfly and Globe brand unq; ttoagoa Head unq; Five Lambs Flower sad Butterfly uaq;
      188 words
    • Article
      RICE
      316 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, e£-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1-30, 100 per cent second class 1.06, 100 per cent third dnss 1.03, 25 per cent new crop n} stock, B-10 per cent no stock. 'THAI BROKEN: A-super OJI. Special
      316 words
    • Article
      Lock icon Forecast of lower gold, silver prices
      380 9 Reuter THE WEAKNESS in the world economy continues to point to further declines in prices for gold to US$33O a troy ounce, silver to $7JO and copper to between 65 and 68 cents per pound, international commodities traders Heinold Commodities Ltd said in a
      Reuter  -  380 words
    • Article
      Lock icon Average tin price expected to rise
      175 9 Reuter THE AVERAGE tin price is expected to be significantly higher in 1982 than this year's LME average cash price of around £7,060, despite continued production surpluses. Commodities Research Unit (CRU) says continued purchasing from whoever has mounted this year's price support operation could
      Reuter  -  175 words
    • Article
      Lock icon US increases sugar import fees and duties
      598 9 AP, UPI IMPORT fees and duties on f «reign sugar entering the United States have been raised sharply to protect domestic producers, the US Agriculture Department said last week. The increases totaled 2.8 cents a pound, bringing total charges levied on imported raw
      AP,; UPI  -  598 words
    • Article
      PALM OIL
      93 9 THE Kuala Lumpur crude palm oil market closed firmer on light interest in quiet trading. January in the south was* traded Msls higher to $906 per tonne. The refined market remained featureless. CJ.F. North European ports, in US dollars per ton unless otherwise stated: LONDON Fri Thurs Malaysian
      93 words
    • Article
      Lock icon Tokyo oilseed crushings rise in November
      346 9 Reuter JAPANESE oilseed crushas in November rose to ,273 tonnes from 488,130 in October and 504,087 a year ago, bringing the 11month 1981 cumulative total to 4.99 million tonnes against 5.07 million in the year-ago period, the Japanese agriculture ministry said. Oilseed stocks in
      Reuter  -  346 words
    • Article
      Straits Tin
      75 9 THE STKAJTS tti price tai Peiftig yesterday Mi steady at MSUM a Idle, havfag eaaed 17 eeata n Satarday which teak It tarte the ITC middle raage ef hlm Minus. Dealer* mM reaowed MmM kayer sappert at tfefti level despite lack «I evereeaa iatereet aad higher dtoP*safa d
      75 words
    • Article
      CLOSING PRICES
      33 9 Rubber Dec 28 Singapore: Jan: 177.00 cents (down 2.50 cents) Malay sin: Jan: 197.00 cents (down 3.50 centa) Tin: M 534.55 per kilo (unchanged) Official offering: 261 tonnes (up 85 tonnes)
      33 words
    • Article
      Malaysian duty rates
      95 9 THE Malaysian Minister of Finance has fixed these rates for the period from Dec 24 until further notice: Bitter: 2Q9H cents a kilo for RSS One; Cepra: M 5591.25 a tonne; P»lm kernel: $955.75 a tonne; White pepper: $3,219.33 a tonne; Btaek pepper: $2,165.17 a tonne; The
      95 words
    • Article
      Malaysia receives several palm oil purchase enquiries
      292 9 THE Malaysian palm industry, currently hit by declining prices, has received purchase enquiries from the Philippines and Soviet Union. Apart from these promising feelers, the industry saw Its lowest price level in the last week of November when crude palm oil was traded
      292 words
    • Article
      RUBBER
      236 9 THE Singapore rubber market yesterday closed eerier with January One RSS buyers quoted at 177.00 cents per Idlo, down 150 cents compared with last Wednesday's close. The morning market lost 1.50 cents on lack of follow through buying and some long liquidation. The market lost some ground in quiet
      236 words
    • Article
      RAS PRICES
      320 9 RAS price* In cenU p er kilo yesterday; ra> (per kOo) 1 Setters (par kilo) Int. 1 R.S.S prompt f.o.b. 173J0 lat. i R S.S Jaanary 17».« lat 1 RSS PXraary 1* lat. 2 RS-S ma UK/Coat IB* lat. 3 R S.S UK, Coot 10.00 lat. 4 R
      320 words
    • Article
      SSR and SMR
      112 9 NOON S8R Md SMR prwm ym taodajr RA8 •nun (Camtl Mlk) (F»rwmr4 Nltl n«Ttrt g. Mrtrf a SSR JO (1 too poliM) ICS 00 1UOON 166 00 ir oon S8RS0 (I too paliMi 1MJ0 100 JON 100 50 1C2&0N MIILB Juurr F akrmmry SMR CV (1 too
      112 words
    • Article
      Lock icon International tungsten pact prospects dim
      686 9 FT PROSPECTS for an International commodity agreement to stabilise tungsten prices have worsened considerably following differences among producers and consumers at this month's Geneva talks. Most producers still insist that tungsten is ripe for an international agreement containing binding provisions possibly including a buffer stock,
      FT  -  686 words
    • Article
      Lock icon Demand for rubber may exceed output
      259 9 Reuter WORLD consumption of natural rubber Is forecast to exceed production In ISO with usage predicted at million trrnnrn and output at 18 mfTHon, the Economist Intelligence Unit Ltd (EIU) said in its World Commodity Outlook im This comparss with forecast consumption of 3.75
      Reuter  -  259 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      4 9 FURNITURE Touch of Class
      4 words
    • Advertisement
      Page 9 Advertisements Column 2
      252 9 N«w available aa Update f... The key to under standing ASEAN The ASEAN Report gave businessmen for the first time a key which opens the door to doing business with the countries within the Association of Southeast Asian Nations (ASEAN) Indonesia, Malaysia, the Philippines, Singapore and Thailand. The ASEAN region
      252 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1525 10 BID and offer price» officially listed and business in and rer ted to the Stock Exchange Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONI INDUSTRIAL ft COMMERCIAL Ami (MOB)
    1,525 words
  • Article
    Unit trusts
    144 10 frtM tar Dm M) The Commerce Ul 143 The Savings Pwd IN LM S"pore Prof Pnad 141 1JI S*pore 9ac. Fund LIS LM S'por* rood Ul LM S"pore Equity Fund LM LOad tfUUNRlUR (Miiniii'frt— teDw Mai lawt Fnad Ul "lu Mai Prog Fowl Lit LM ti<il LM LM
    144 words
  • Article
    SHARE INFORMATION SERVICE
    2823 10 IM1 Hick Low c««yur Last Sale +#rfir's Div Di* C*TT fir's rid Net P/E Vol COOO) Day High Lew y 8ECTION ONE INDUSTRIAL COMMERCIAL 4M 115 aeo sa 490 aoo 470 533* 075 490 MS 116 130 150 306 75 980 990 322 231 Acme Alcorn Allied
    2,823 words
  • Article
    In Kuala Lumpur
    1669 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at shares traded shewn in brackets in lots of 1,000 units, unless otherwise specified. DHDUBWALB (1MB) AJaaai (1MB) (9) 1« (4) LM (7) LC am mm
    1,669 words
  • Article
    COMPANY MEETINGS
    82 10 PALM CO HeUttaga Berkkd: Fifth AGM to be held at the Matahari Room at Merlin Hotel, Parquhar Street, Penang on Dec 29 at 2.30 pm. GULA Perak BctM: Twelfth AGM to be held at the 4th Floor, Oriental Building, 32 Jalan Tun Perak, Kuala Lumpur on Dec 30
    82 words
  • Article
    Share prices move up slightly
    562 10 SHARE friM pM earn* grand m the Bteek Excbup at Happm jmlii day mIM nleetfre tagTie market •pemtM Mltohiy with mm eeaatera Avfty. Bat there lit eiHgk ktjtag M»wftpwg> ui htomt mm InM jSksi ftjMPMMM WUCiMto take profits falefcly. PrtM ipwil firmly In ihrt u
    562 words
  • Article
    Mixed close on KL market
    582 10 SHARE prices finished mixed amid a listless session on the Kuala Lumpur Stock Exchange yesterday after last Thursday's recovery. But total turnover was still below four million. The market started the week on food carry-over interest with all sectors opening on a steady note. Values,
    582 words
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  • COMPANY NEWS
    • Article
      D and P likely to maintain group profit
      459 11 DRAGON and Phoenix expecti to maintain group pretax profit at 1H2.3 million during the current year ending Dec 31,1981. The current year's earnings forecast was included in its circular to shareholders in connection with its three-fbr-four rights Issue of 19 shares of
      459 words
    • Article
      Purchase will not immediately affect S Coconuts' profit
      181 11 SELANGOR Coconuts' proposed aoquUtioq of Luboh Anak Batu Estate Sdn Bhd (La.be) is not expected to haw any significant impact OH Selangor Coconuts' earnings until Labe's oil palm estate reaches maturity. The 284.5-hectare estate, valued at H2 million, is Labe's principal asset
      181 words
    • LATEST RESULTS
      • Article
        TEMERLOH Rubber Estates
        70 11 made group pre-tax profits of MSLB million for the six moths to Oct, I*l, compared with HJi million during the previous corresponding period. Group turnover amounted to $835 million, compared with 98.62 before. Group profits after tax amounted to $L 24 million, ($1.35 million). The company's directors
        70 words
      • Article
        BERJUNTAI Tin Dredging's
        69 11 pre-tax profits in the six months to Oct, 1981 amounted to MHS.IT million, compared with $19-48 million in the preceding interim. Profits after tax amounted to J8.62 million, against |8.3 million previously. The company's directors have declared an interim dividend of 35 cents per share (40 cents)
        69 words
    • Article
      Towards a mature stock market
      2314 11  -  In the first part of this article which appeared on Dec 25, the point was made that the Kuala Lumpur Stock Exchange should take .a more active role in bringing about a more mature market and in curbing excessive speculation to prevent overheating. In this
      2,314 words
    • Article
      COMPANY BRIEFS
      268 11 KING'S Hstel, which hss seen sharp incresses in its share price over the past month, has confirmed that its properties as well as those of its subsidiaries are currently under revaluation. King's Hotel's merchant bank adviser, Morgan Grenfell, said the valuation is now being finalised by a firm
      268 words
  • ASIAN STOCKS
    • Article
      Tokyo closes higher
      360 11 SHARE prices in Tokyo yesterday closed higher on the last backed lanes 0 iectiv bu J rln 8 incenttveThe market average gained 23.94 to close morning trading *t 7,«1.84, compared with 7418.38 on the last day of 1980. The year's bigb of 8,019.14 was set on Aug
      360 words
    • Article
      Market ends steadier
      193 11 HONGKONG THE Hongkong stock market yesterday closed higher although trading was subdued. Some attributed the advance to window-dressing operations ahead the year-end as there was a lack of significant bullish factors. The Hang Seng index rose 30.52 points to 1,406.11 following Thursday's 14.11 gain, to close above
      193 words
    • Article
      Manila
      75 11 THE Manila stock market was mixed yesterday as commercials/industrials and minings recovered to close higher. Turnover increased to one million pesos from 167,000 previously. oac a rmm AttM _*Mi AOM CM. MJi ■««HMM MU *un CDCF_ m. .M «Mb *M nncb Oriental A (MM m *um PM a m
      75 words
    • Article
      Bangkok
      90 11 SHARE prices in Bangkok yesterday closed generally lower in weak trading The Book Club index fell 0.52 points to 92.58 (or a turnover of 8.5 mln baht. Rama Tower, South Asia Fibre and Charoong Thai Wire and Cable fell two baht each to 52.75, 86 and 212 respectively. omc
      90 words
    • Article
      Selected indices
      30 11 HJLHANG SENG Monday 1406.11 rrlday 1334 75 Week Ago 1370.13 AUSTRALIAN INDUSTRIALS Monday cloeed Friday 730.1 Week Ago 730.1 ALL ORDINAKIKS Monday cloeed Friday 9M.fi Week Ago— 9M.fi
      30 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      169 11 II \> i a »Tv:m :i t The tab cxi ofovers.CX jr business connection names and addresses! The general business listing of the Straits Times Directory or Buku Merah (as we art also known) is a compendium of names and facts you ought to knoW. For instance, if you hare
      169 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      141 12 Hwf Lnm IW un H Lim fh M +86 g»«ri Lud 1030 +38 MB M Prima 900 +28 s rhuM an Btti llwu 370 +M TBI 510 22 Strait* TrmMmg 900 +20 Graa4 CMlral 570 +20 City Dtv 444 +20 8M Vltw 715 +15 r K Lrrtant« 610 +15
      141 words
    • Article, Illustration
      KUALA LUMPUR
      72 12 1 J Indices Dec X BT Index: *****7 ladurtrtak: 935.31 Finance: 1627.55 Hotels: OTJS Propertta: SttJO Tlag: 374.88 Jnibbers: 1340.77 Decs *****3 937.18 100.92 637.06 9tt.ll 375.09 1339.47 Most Active Pabnco Supreme Oorp SjjtfH F Merlin G Cenunicx Total turnover: 3.30m Total value: M31C.S1 THE aMc market apeaed
      72 words
  • Article
    Paramount in M$19m takeover moves
    595 12  -  Companies Editor: too Satwni By KOH TSE YING PARAMOUNT Corporation, aggressively expanding and diversifying its business, has entered into two acquisition agreements worth a total of MH9.2 million. Under the two separate agreements, Paramount has proposed to acquire the entire issued share capital of property
    595 words
  • Article
    I and P buys 771-hectare estate in Klang Valley
    384 12  -  ®r DAVID CHOW PENANG-baaed Island and Peninsular Development, making an ambitious thrust into pmperly development in Selangor, has made its biggest land purchase to-dste. It has bought the 771-hectare Kinrara Estate In the Dang Valley, which it wffl develop into a
    384 words
  • Article
    UMW WINS NEW FRANCHISE
    483 12 DIVERSIFIED motor-baaed group United Motor Work* appears to be having a winning streak this year. It should disclose shortly that it has bagged yet another franchise. This time it is taking over the Case franchise from Hargill Malaysia. ftnfnmt Times understands that UMW has reached agreement
    483 words
  • Article, Illustration
    Lock icon Stable owner for sale
    745 12 msm by HOCK LOCK SIEW THE long-awaited and highly-publicised listing of Multi-Purpose Holdings (MPH) on the Kuala Lumpur Stock Exchange will take place in leas than month. Ukely to be the first listing in the new year, the event will, no doubt, provide market watchers (and
    by HOCK LOCK SIEW  -  745 words
  • Article
    LONDON STOCKS
    740 12 LONDON, Thurs. Share prion ended the half-day Christmas Eve session steady around slightly firmer opening levels in very quiet trading today, dealers •aid. The Financial Times index ckaed 0.4 points higher at 518.1. Leading industrials were largely untested after being marked up by between 2p and 4p as
    740 words
  • Article
    Lock icon Brighter 1982 in store for major stock markets?
    641 12 Reuter THE prospect of slow recovery from the present world recession should mean brighter days ahead in 1982 for major stock markets. Analysts expect company profits and share prices to rise next year as interest rates fall and the big industrial economies
    Reuter  -  641 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      78 12 THE LONG-TERM CREDIT BANK OF JAPAN, LIMITED SINGAPORE BRANCH U5520,000,000 Negotiable Floating Rate U.S. DoUar Certificates of Deposit due 29th June 1964 In xwnfanw with tb provwkms of the Certifies tM, notice it hereby given that for the rix months inter eet period from 29th Dec. 1961 to 29th June,
      78 words
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      Page 12 Advertisements Column 2
      61 12 THE TRUCK RENIAL COMPANY YOU'VENEVER HEARD OF EITHER. At BTW, not only are we trying to make a name for ourselves In car rental, but we have flat beds, pick-ups, vans, right up to 3 tonners as well. All with the extraservice that used to be unheard of. The car
      61 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      58 12 OUTLOOK for Singapore today: Showers in several areas in the afternoon. Rcpwt for Z4 hMri prtor to 7J pan m Dee 28 at the ilipwl; Maximum temperature 31.5 Associated humidity 63 Minimum temperature 23.1 Associated humidity 94 Hours of sunshine 7.40 Rainfall in millimetres Nil Total rainfall for the month
      58 words
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  • SHIPPING TIMES
    • Article
      Two more new cargo ships on Kuala Belait run
      187 13 BRUNETs shipping link with Singapore, its main socßrce of imports, is being strengthened with the introduction of two new cargo ships on the Kuala Belait run. The ships are specially designed with shallow draughts so they can readily c enter the
      187 words
    • Article, Illustration
      Iino Lines is preparing for Sumitomo plant
      530 13  -  By JUNE LIM A JAPANESE shipping line specialising in the carriage of petroleum and chemicals is laying the groundwork for the time when the Sumitomo petrochemical plant comes on stream. lino Kaiun Kaisha, more commonly known as lino Lines, has set up a
      530 words
    • PORTSIDES
      • Article
        Singapore Standard Time
        48 13 THE PORT of Singapore Authority (PSA) has informed the shipping community that as of Dec 31, Singapore will be adopting a Singapore Standard Time of eight hours ahead of Greenwich Mean Time. Clocks will be advanced by 30 minutes at 2330 hours on Dec 31.
        48 words
      • Article
        Lock icon Freight-car shortage
        100 13 UPI TWENTY THREE ships carrying imported grain have been waiting up to two weeks to unload their cargo at the Baltic seaport of Kaliningrad due to a critical shortage of freight cars. Losses resulting from the log jam have resulted in more than U*****,000. The United States, Argentina,
        UPI  -  100 words
      • Article
        Charges on Jan 1
        175 13 SHIPPING line members of the Far East/Somalia freight agreement said they will raise the cureency adjustment factor (CAF) to 24 per cent from 20 per cent. The new rate will apply to vessels arriving in Japan to load after Jan 1 1982. The two members of
        175 words
    • Article
      INDEX TO ADVERTISERS
      683 13 SMpftagUae Page CM Achlpelego Shpg Ate* VI VI 3 3 Afro-Eurasia VI 3 Ail iram vn 4 Aipac VI 5 Aofoaavv V 3 ANL I 1 APCLine vm 1 APL Argentine m IV 4/5 4 ASCL Asia Merchant Austada Line m VI V I 4 I Australian
      683 words
    • Article
      SHIPS IN PORT
      413 14 ARRIVALS KEPPEL WHARVES Mian Clipper (ro/ro) (0890 after Sumbawa) 31 32 Ben Jamas (L UTM) (after Mata ram sails) 33 34 Cherry Molek (1300 after Tat Lee D) 27 Hannah Lu (1800) 47 Jensen (0700) 22 Raising (1100 shifts after Shan Yin hauls) 6/7 Kota Singapura (1500)
      413 words
    • Article
      Container Schedules
      873 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Name Voy Estimated No. Time of Arrival Date Time Shipping Lines Gdn Mode of Operatn Asian Pallas Panchratna Zlm Ellat Jenhol Llca Maersk Rhine Maru Neptune Crystal K. Saryan Slrl Bhum Nordbay Pegasus Pride Family Ace
      873 words
    • Article
      Manila port will revise its port fees completely
      499 14 THE CURRENT study on port tariff rationalisation by the Philippine Ports Authority (PPA) showes that Manila continues to charge much lower port fees than other Asian ports. The PPA will try to align its current port fees with recent developments in cargo
      499 words
    • Article
      Lock icon TANKER RATES
      188 14 AFP DESPITE the continuing severe wintry weather throughout Europe, tanker rates kept hovering around previous six-year lows this week. The large oil stockpiles are acting as a very effective buffer any shortages, ship-brokers pointed out. There was no last-minute ruah before the long Christmas weekend because most of
      AFP  -  188 words
    • Article, Illustration
      PEOPLE IN SHIPPING
      94 15 "BEN Line Steamers Ltd has appointed Mr JHTolson to its board with effect from Jan 1, 1982. Mr Tolson, 42, joined the Ben line at the beginning of 197<y He was responsible for setting up the inland haulage arrangements in the Far East for the then newly
      94 words
    • Article
      APL expanding its on-line delivery system
      384 15 AMERICAN President Lines (APL), one of the leaders in introducing computerisation to the shipping industry, is currently expanding its automated cargo control and computerised on-line delivery system beyond the three US west coast ports of Seattle, Oakland and Los Angeles. The new computerised system,
      384 words
    • Article, Illustration
      Mobil Oil's bunkering service in Singapore
      639 15 IT IS hard to believe that the Singapore River, barely three kilometres long and 50 metres wide, is the life-blood of Singapore's economy. It is from the godowns, or warehouses, wedged along the river's quays that imports and exports are shuttled. At night, the
      639 words
    • Article
      Lock icon Fire onboard Norway
      157 15 UPI FIRE broke out on Sunday in a boiler room of the Norway, the world's largest cruise ship, stranding nearly 2,000 passengers booked on a cruise to St Thomas. Fire officials said a few passengers were aboard the ship, in their state rooms and on deck, when
      UPI  -  157 words
    • Article
      SHIPPING EVENTS
      281 15 MARINE LHrarteW Ansedation's tenth uiul wfcww Jan 6-8, Nautical Institute, Southampton University, UK. 28th London Interaatfoa ai Beat Stow Jan 7-17, Earls Court Exhibition Centre, London. Beatrade lemtur: la shipping Jan 2130, Cambridge, United Kingdom. WarMia Vane heavy faei eaglaes Introductory pnwUtfw Jan 26, Institute of Marine Engineers,
      281 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1753 20 SCHEDULE A guide to ships loading at Singapore for Ports I around the World 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
      1,753 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      328 13 PIL GROUP REGULAR CONTAINER FEEDER SERVICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN GULF AND RED SEA PORTS. SaaPageV I \RDI\I WWW Orient Overseas CfwdaineA Line j-. FULLY CONTAMERBED SERVICE TO TIC MDOLE EAST mmnßOMTin j/i 15/1 17/1 OWMI CNMRMIW 20/1 31/1 2/2 own*, araia
      328 words
    • Advertisement
      Page 13 Advertisements Column 2
      357 13 HSEALORDU UASC UNITED ARAB SHIPPING CO'SAG) EXPRESS MULTI-PURPOSE SERVICES mWUiIIT (25/2). Dammam (1/3). Shuaiba (4/3). Jubail (7/3). Kuwait (10/3) FULLY CONTAINERISED SERVICE Iraq cargo acceptable in transit 'j i (12/1). Kuwait (14/1), Abu Dhab. (20/1). Doha (22/1), Bahraw (19/1) AL WATTY AH V II 188 All ¥.20 Dubai (16/1). Dammam
      357 words
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      Page 13 Advertisements Column 3
      0 13 ^@\;;'/`}|@\.^>+'$":[^+=",)?%!^
      0 words
    • Advertisement
      Page 13 Advertisements Column 4
      375 13 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 2-3/1 9-10/1 10-17/1 23-24/1 31-31/1 *-7/2 'SWGAfORE CLOSWG TIES CY 4ft Mm 2400 HRS CfS 4tk Mm 1110 NRS TO: BELGIUM, HOLLAND, GERMANY, BCANDINAVIA.
      375 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      963 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MJSC, N0.2, J ALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL *****8 TELEX. MA *****, *****, ***** ***** CONTAINER SERVICE Feeder f HeUng Vessel Spore 1) MuiNes 2) Mam 3) tfburg 4) Gbui B PtNAGA SaM N CRYSTAL 30/12 13/1 11/1 19/1
      963 words
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      Page 14 Advertisements Column 2
      223 14 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA rii» -t -ii-ii ■ia r-»i ii VI I V 1 «/l l(/l VI I a/1 *V 2 l/l V 2 *11/2 *11/2 *11/2 •21/2 22/2 27/2 •1/1 l/J •vi a/3 •XI NMU H BARKH PMMT Vl/tt "MMDI TUWU l/l/K. "SAftBER TAT"
      223 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      571 15 The Straits Steamship Group occ Overseas Containers Limited CONTAINERSHIP SERVICE TO UK CONTINENT 24/1 29/1 a/i 27/1 •2/2 M/ 2 M/ 2 l#/2 M/ 2 11/2 14/ 2 11/ 2 11/2 21/2 22/2 M/ 2 21/2 21/2 t'nrf L» Hnr M/l 27/1 29/1 23/1 M/l M/ 2 N/2 11/2 13/2
      571 words
    • Advertisement
      Page 15 Advertisements Column 2
      93 15 THE COMPLETE LIFERAFT SERVICING CENTRE (S> GENERAL RUBBER 9f PLASTICS (PTE) LTB. For Prompt Reliable Services Please Call: *****1 or *****34 (attar office hours) SEAFARER LIFERAFT Fully Approved By SOLAS 1974 The British Department of Trade Industry. Sole Agent For: DUNLOf Liferafts fit Inflatable Boats, Lifejackets, Fenders, Oil Marine Hoses,
      93 words
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      Page 15 Advertisements Column 3
      308 15 •ntvad M/n/a ktrrmm Ge«ral Survey oa damaged «*Tfo dtacWfrd ex the above will be held on Saturday J'JSV" 1* ft" am to 12.10 mob. —i n »un pianc f[b Franco Bolguin Serv/ces T CUK It Hm Itaai tftorj IHm I'm* MPW 111* 17 tan «ta* aim 24 la KORUN MEMI
      308 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      367 16 7 S port n 12/1 15/1 MM 27/12 31/12 16/1 20/1 Agents SEGANI Saijaparf *****11 Soi+m *****09 as t7\n7? iffnw-i! :?ow?3 rv 48;. 11 483?1« *****4 P Keljoj 386'»■ 3J7318 CfS 38V78 Penjnj *****7 *****3 37 3483 MEDAFRICA LINE Regular drect service from Sinfapore to La|os, Port Har court, and
      367 words
    • Advertisement
      Page 16 Advertisements Column 2
      341 16 MG.&.mjine KOREA SHIPPING CORPORATION S POKE f. Keiang PENANG VEGA 167* SLD In Port 310k-2Jm FROM BUSAN BANGKOK VEGA 168E SID In Port 31 Oec-2 Jan TO BUSAM ALTAR 171W 22-25 Jan 26-28 Jan 29-31 Jan FROM BUSAN BANGKOK ALTAR 172E 22-25 Jan 26-28 Jan 29-31 Jan TO BUSAN Abo
      341 words
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      Page 16 Advertisements Column 3
      543 16 LINE FAR EAST/EUROPE CONTAINER SERVICE ACCErTW Fa ft La CARGO FOR Spv* MM MmM| >**M Mwi U Hnr trnm 3/M 24/il 24/11 21/11 34/ iT l/w ehi im nm zt/n iw /K E~*tam «/l U/l 11/2 IVI 17/2 1»/F (~l*n 77/1 7/2 11/12 21/12 2V«2 25/42 2*02 ALSO ACCEFTMG CARGO
      543 words
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      Page 16 Advertisements Column 4
      1077 16 If Everett Linesl IT* Burma Fivi Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON rJMM| Nn> *TP»a UriMi Nu« nmrm ji/i i* mammtwm 4/ttm m u. MTMTMrrm NSM 11/11 toa B F S.S.C Agants ai Moloyvo BOUSTEAD SHPPUG TEL NOS tCL *****4/*****7—PKELANG *****1/8 PENANG *****1/8 DtSCHARONG ONLY Campama ArfMtMw
      1,077 words
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      Page 16 Advertisements Column 5
      230 16 luraqiiy, uecemoer zs, ivei aO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE JAPAN/STRAITS SERVICE wrtaaMtm 18. 3M732/1/7251 NUT» IMK t IUNVVT LIB m STtU ft U725 fel PJSLM6 FOMNC LOW FOR CMSSI bM 9-22/1 29-M/12 MUCH 23-24/1 MUCH w* ocwMianKKia i&aiw/i t mm KOK UK HIR m. aaxi/) ium- ustmammmm
      230 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      726 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIOAH. JEOOAH AQABA (Reefer Cntrs Acceptable) vessel 22-23/2 29-30/3 Accepting LCL Cargo to Colombo, Aqaix and Hodoidah. S.E.A. Container Feeder Service SINGAPORE/PT KELANG/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS EAST AFRICA/REDSEA SERVICE COLOMBO/XARACHI/P. GULF SERVICE KOTAOABAS Colombo, Karachi, Bombay, KOTA CEMPAKA 5/10 Jan. Karachi, Dubai. Kuwait.
      726 words
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      Page 17 Advertisements Column 2
      704 17 TO OMR BEN LINE CONTAINERS EXPRESS CONTAffR SERVICE TO/FROM ElftOff KMG «M« WVKSOTO* Sptrt P MlM(WGcrmw|/ AntntAirtMrp Franc* MUK VI 12/1 U/l C*4*lii T*»to 74/1 tvi vn ij/i a/i »/i 77/1 a/i M/I ji/i y? V 2 7/7 31/1 «/2 9/2 7/7 9/2 11/7 J/7 11/7 17/7 14/7 IV7 M/
      704 words
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      Page 17 Advertisements Column 3
      454 17 If! '7 i i V 1 i it 1 f.iiu Scan Dutch V WEEKLY EXPRESS CONTAINER EP/UK/NC/SCAN SERVICE Mfta S'pat a era* kP*i nwcA Mm SM SH I MNJft FM2 l/l M/U 31/12 t KMC* C W 4/1 t KMN i/i wen ;/i !ft m*m mm ukm IS/1 M/l nmtA
      454 words
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      Page 17 Advertisements Column 4
      487 17 rage v BOUSTEAD SHIPPING AGENCIES BANK LINE EXPRESS INDEPENDENT SERVICE TO UK/CONT (ACCEPTING CONTAINERS ONLY) Ivvbonk M Jon Gydobonk 12 Fob (Doop Took Spoce Avoilobio) SPORE R'DAM HULL HMBG 14 Jon 8 Fob 11 Fob 15 Fob 12 Fob 9 Mor 12 Mor 16 Mor Lines U.S. WEST COAST SERVICE
      487 words
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      Page 18 Advertisements Column 1
      681 18 Kline KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA £TD y tfl ram kssels* n SP Mono \«sas m fc*9»Tl3 21/12 29/12 ijpjn Act 13, JapMApafc IS, p. TMilhn 11, fcKanui Ptoww V 3 J/1 7/1 fidfc Arrow 24, P Wua* Mara 22, ?S A urate Man. IS,
      681 words
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      Page 18 Advertisements Column 2
      403 18 CALIFORNIA/PACIFIC NORTH NEST SERVICE EXPRESS CONTAINER/REEFED SERVICE Lm*r tar US ANGELES. SAN FIANCSCO. WTTU. TACONA. VRNCOUVEI. B C Actaptof FCL/FCL CotfjMn mmiiiv m* AOSTtAUA EXPRESS CONTAINER SERVICE Fa/Fa CatakNn PMwi Sport Mab AM Sr< AM iccwh AMNr 3to bJw 17 to 21 to 27 to Frw 21 to 22 to
      403 words
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      Page 18 Advertisements Column 3
      399 18 1 S;\ (H-oiii) SINGAPORE SHIPPING AGENCIES PTE LTD 20TH f LOOR OCt AN BUILDING SINGAPORE 0104 MAR KE TING *****2 (3 LINES) GENERAL *****1 114 L INE S TERMINAL OFFICE *****83 TEItX R*****S RS A BCARSMIP CABLE CARGOSMI Ke«|ional Container Lilies 2 SAILINGS A WEEK to/from BANGKOK IATMM Ml PANOMTM
      399 words
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      Page 18 Advertisements Column 4
      619 18 ptl KORINS MARITIME SERVICES m Room 601. ICB Building, Shenton Way Singapore Tel *****22S *****67 P Kelang T e t 38^004/*****5 IDDIf EAST/RED SEA/EUROPE SERVICES BUNG* VANDA VESSEL LMCSBON..... A VESSEL S'pore P. Katanc Far. 10 Jan Bandar Abbas/B Khomon AAai/Muscat/Bahraßi 12 Jan Oammam/Bandar/Abbas/ 20 lan Bandar Abbas/ BJOnnom \Hyundae
      619 words
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      Page 18 Advertisements Column 5
      521 18 SHIPPING TIMES, TnewUy, December 29 1181 t INTRASEA (PTC) LTD. Suite 2616. International Pa/a a>n Singapore 0207 Tel 224r 5 i 1 0 I• v BBEAKBULK SERVICE TO EUROPE/UK uE it? 1 T 1 wutooSroi IK (MOK) FULL CONTAINER WEST BOUND SERVICE ANANGEI HGKT Wll) 4 tan CAPELLAWI2O 9 tan
      521 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      507 19 TO EUROPE/UK (VIA SUEZ): SS BRDGE 341* I CHANCE 6W+ TW BRDGE 9W NMDESN K JACEWON 1<N„„ N GARNET 8W Also accepting cargo to/from Scandinavia K CHANCE S'pore Closing Times: FCL Cargo 0500 3/1 LCL Cargo— 1700 2/1 TO NEST COAST (USA)/CANAOA fpOCRVESSEI KELANG SMGAPOttt HONGKONG MOTHER VESSEL HONGKONG LONGDEACH
      507 words
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      Page 19 Advertisements Column 2
      468 19 MALDIVE LINES €TA SPORE ETA KUANTAN ETA PORT KELANG 5/1/82 2/1/82 15/1/82 3/1/82 30/12 In Port MALDIVE NEIGHBOUR Lo«dmg For Hodeifoh/Jeddah MALDIVE CREST Loading For Male MALDIVE NOVEL Loading For Muscat/ Dubai/Dammam MALDIVE PRRK Loading For Kuwait MALDIVE PIONEER Loading For Cotomtw/ieddah/ Aqaba MALDIVE STAR In Port Loading For Hodeidah
      468 words
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      Page 19 Advertisements Column 3
      688 19 m SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SNSOV BUI DM6 55. Martet Sheet Sintapore 0104 lelepta* (Man 012J33 (15 unts) Cable Address SHSOV SMGAPORE Tetei Nunbers RS ***** K ***** RS 2510* t. KEUNC POMK M/S SHMKAT NAN SOON SON- M>. IST AMD 2ND FLOOR SB m NO 1.
      688 words
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      Page 19 Advertisements Column 4
      47 19 REGULAR FCL/LCL SERVICES TO AUSTRALIA, NEW ZEALAND, WONG KONG KSTMTKM STD, MJ, MB SfD.lii.Ma MICX, Mfß, IELL HDNB ROM HUB ROW UK MM (Ml 1MI) Nf 17 IMB MM AMI 1MI) Mf I/O Agents: JAMBATAN MERAH SDN. BHD. P. Kdang 3885Q6/7 K. L. «M 637/*****1 Penaog *****8
      47 words
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      Page 20 Advertisements Column 1
      274 20 EGYPTIAN INTERNATIONA! IINElEII) INTERNATIONAL LINE (EIL) EGYPTIAN FLAG DIRECT LINER SERVICE TO EGYPT (PORT SUEZ PORT BAJO ALEXANDRIA) srm PT .9C PTUB MOM mumsv kcta f*a fcii «r» mm Cargo looking* W«—» Hum ZTKMI/? DIRECT UNER SERVICE PROM EGYPT rr«K n«MK«»Ta j»s r "N IN SHIPPING PTE I ID ll
      274 words
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      Page 20 Advertisements Column 2
      346 20 K LINE KINKAI SESBSZ^3EEE2 JAPAN/STRAITS/JAPAN Fully Containerised Service Vessel Tokyo Kobe S pore Penang P. Ketonf S pore Tokyo Kobe maOMV Vl3 9d SM SM SM 29/12 N/12 11/1 13/1 K.IWBKW SM SM 2/1 4/1 5/1 «/l IS/1 21/1 WMSTMVII SU SU 4/1 5/1 7/1 1/1 (NOIL MUMMY ft K
      346 words
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      Page 20 Advertisements Column 3
      143 20 ft JOHORE SHIPPING JAI AN T ENOU RADAR POP* t"K AN(, \j r C SHANGOP VAIAYSIA BINTULU MM CONTRACTORS SDN. BERHAD 37. tatfMfa iHi bdfcL Svmfc, I* *****/20HC TMn: MA 7M93 Express Car-Cari*/10-R0 Met to bst M*ytia P KcUm I nadm tor •mill NO. I *19/11 l/l/c KUCMK/KK /SANOAUM/TAMU MTIU
      143 words
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      Page 20 Advertisements Column 4
      300 20 SAUDI IS, LINE EAST Regular Conventional Service (AH Soudi Flos Vmml) SJN RC PNG Loading for--1 CLOUD 7/1 laradd, D'mm. D%tL M S. PWNCE 11/1 22/1 D'mm. CTfc* M iimm rwa imitMuom/uum imms sin m mm i* torn i TRANSTiMBER LINE BULK TIMBER SERVICE CAJtOUNE SU SU TB" 15/12 21/1
      300 words
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      Page 20 Advertisements Column 5
      17 20 :b BALTIC ENTERPRISES PTE LTD Suite 324 3rd Floor ICB Buildinq Shentor Way Sinqapore 0106 Te' *****9?
      17 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      155 20 Regional Weather f 'A m m u 25.-, /iro? V< 2 A &I k -vV SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Wave height LEGEND: R. Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots R»in m QoudySky Wave
      155 words