The Business Times, 26 February 1982
1982-02-26
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The Business Times
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Title Section10 1982-02-26 1 BUSINESS TIMES M.C.(P) No. 93/1/82 FRIDAY, FEBRUARY *,1181 60 CENTS10 words
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241 1982-02-26 1 AN EIGHT-MEMBER construction survey mission that visited Singapore during the past few days explored the feasibility of establishing joint ventures with local contractors. This was one of the subjects of discussions the Koreans had with representatives of the Singapore Contractors' Association. The Koreans explained that241 words
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Article305 1982-02-26 1 TIN prices on the London Metal Exchange (LME) plunged yesterday to the lowest level since last July, leaving dealers baffled about what caused the collapse. As prices for the metal fell to a seven-month low of £7,700, surprised tin traders said they were anxiously awaiting305 words
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469 1982-02-26 1 JAN LEE - By JAN LEE SEA-LAND Service, a leading American container ship operator entering its 10th year of service in Singapore, has embarked on a $9.7 million project to install a container quay crane at Sembawang Wharves. This is the first time that a private company is469 words
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Article256 1982-02-26 1 CHOO AI LENG - By CHOO AI LENG GENTING Berhad yesterday confirmed its participation in Breakwater Island Report Pty Ltd, the company which, earlier this week, clinched a licence to operate a casino in Townsville, Northern Queensland. In reply to a query from the Kuala Lumpur Stock Exchange, Gen256 words
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Article176 1982-02-26 1 ANOTHER six Japanese experts will be in Singapore as part of the Japan-Singa-pore Technical Cooperation programmes. A group of three professors from the Kyoto University Faculty of Engineering will arrive in Singapore next Tuesday. They will be attached to the National University of Singapore for four176 words
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251 1982-02-26 1 IN SPITE of a worldwide recession in air transport, Singapore Airport managed to chalk up an impressive 11.6 per cent growth in passenger traffic. Although this growth was slower than that achieved in 1960, it can be considered an outstanding achievement as many251 words
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Article63 1982-02-26 1 MR GASTON Thorn, president of the European Economic Commission, will arrive in Singapore on Sunday night for a two-day visit. He will be accompanied by his wife. He will be met by Mr Chan Chee Seng, Senior Parliamentary Secretary (Trade and Industry). On Monday morning, he63 words
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BRIEFLY...
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Article64 1982-02-26 1 Reuter WASHINGTON. Thurs. US consumer prices rose by only 0.3 per cent last month, the smallest increase in a year and a half. January's increase was the smallest one-month advance in prices since a 0.1 per cent gain in July, 1960, and was equivalent to anReuter - 64 words
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Article77 1982-02-26 1 Reuter WARSAW, TTiurs. Polish military leader General Wojciech Jaruzelski said US economic sanctions had dealt a crippling blow to Poland's poultry, fishing and pharmaceutical industries. In a speech to the first communist party central committee, he said that production of poultry meat, almost entirely based on US methodsReuter - 77 words
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Article52 1982-02-26 1 NEW DELHI, Thurs. The 44 developing countries which participated in the New Delhi Consultations yesterday called for a restructuring of the International Monetary Fund. At the end of their three-day meeting, the countries said such a restructuring should be in accordance with the goals of the new international52 words
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Article43 1982-02-26 1 BEIJING, Thurs. Vice-chairman Deng Xiaoping said China must eliminate harmful foreign influences but should maintain its open-door policy. Meeting Moroccan Prime Minister Maati Bouabid, Mr Deng said, "We will introduce advanced tech- nology and managerial experience and encourage foreign investment."43 words
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Article57 1982-02-26 1 HONGKONG, Thurs. The Hongkong Commodity Exchange has set up a working party to conduct market research on the financial futures contract market here as part of its effort to strengthen Hongkong's position as a financial centre. The exchange's chairman, Peter Scales, said that a financial futures working party57 words
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Article41 1982-02-26 1 LONDON, Thurs. Britain's Civil Aviation Authority has approved increases in trans-Atlantic air fares of from 15 to 20 per cent effective Monday. A CAA spokesman said an additional increase averaging 8 per cent would take effect from May 1.41 words
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Article67 1982-02-26 1 Reuter HOUSTON, Thurs. Union Texas Petroleum Corp, a subsidiary of Allied Corp, has signed a production sharing contract with the Indonesian state oil company Pertamina to explore and develop oil and gas on a 1.37 million hectare offshore tract. The tract, known as Cilacap, is located south ofReuter - 67 words
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Article71 1982-02-26 1 LONDON, Thurs. Some buyers are saying they will stop buying crude oil from the British National Oil Corp after April 1 because of the world oversupply. At least 60,000 barrels daily are said to be involved and two US buyers and one in West Germany have spoken of71 words
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294 1982-02-26 1 WITH the laterbaak meaey market flash wtth finds sad the Meaetary Astberity «I Stogapere wasting U see ••wer rates, It may aet be tee leag belere lacal beaks est their prime leading rates farther. Already, twe eOshere haahs have reduced their prtse rates te Ml294 words
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322 1982-02-26 1 LEE YOKE MENG - By LEE YOKE MENG THE New Zealand South British Group has signed a 10-year agreement to manage China Underwriters' operations in Singapore and Hongkong. The agreement, effective immediately, could lead to a significant expansion of insurance business for both parties, though the impact of the322 words
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135 1982-02-26 1 Reuter THE European Economic Community (EEC) Commission yesterday announced proposals for halving the Community's imports of certain Soviet goods in protest against Moscow's role in the Polish crisis. Affected are nearly 100 items ranging from caviar and furs to cameras, machine tools,Reuter - 135 words
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Page 1 Advertisements
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Advertisement245 1982-02-26 1 TT r i Earlier repwt..page 9 u™si PRIMA Limited's group pre-tax profit for the year ended Dec 31, 1981 fell by 5.9 per cent to $17.4 million Page u A SUBSTANTIAL proportion of recent gold sales appears to have come from the Middle East, giving rise to suggestions that Iran245 words
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Advertisement40 1982-02-26 1 w o by Singapore's best hotels and restaurants since 1961. Ftople think highly of a I MnersOub member. 3b 1U 4 U' l \V>« .x all <dfJ4 4<dsd;£ {(»r\( mr I Mikts lill > i»l»j >lkiit x»n ti inn 1i >< lav40 words
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Advertisement79 1982-02-26 1 &;{{}@^({@{)&|`|>_!;/*`[);+<:/, Lem4er~.ptget The creative use of space, within space. Strafor, the leading open plan manufacturer in France and market leader in Europe introduces STRAFOR 400 SYSTEM. Flexible and imaginative it offers the ideal costefficient solution for today's runaway cost in office space. Strafor 400 System includes: Divider cupboards, work tops,79 words
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BANKING AND FINANCE
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Article569 1982-02-26 2 RANGE LOWEST SINCE SEPTEMBER '79 Reuter GOLD, which fell USJIS an ounce over the last trading week to a London fix of 1360.50 on Tuesday morning, is following an expected near-term downtrend. Gold dealers and analysts said the decline has brought gold well inside its lowest tradingReuter - 569 words
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Article262 1982-02-26 2 Reuter THE Bank of Japan has told securities investment trusts not to buy certificates of deposit from banks because such transactions run counter to the central bank's guidelines against interbank mutual holding of CDs. Bank officials said the central bank took the action followingReuter - 262 words
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Article328 1982-02-26 2 Reuter TOKYO underwriters have agreed on notation in May of two 20-billion yen bonds, one each by the EEC and Australia, and of a 15-billion yen City of Oslo bond, all yen denominated. Daiwa Securities Co Ltd will be lead manager (or the 20-billion yen EEC samuraiReuter - 328 words
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167 1982-02-26 2 Reuter THE Hongkong Association of Ranks will implement the recently announced liberalisation of its interest rate agreement on March 1. The association announced last month it had decided to exempt from the agreement short-term deposits of HK$5OO,OOO or more. Exempted are deposits with anReuter - 167 words
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MONEY AND EXCHANGES
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Article22 1982-02-26 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.10 per cent.22 words
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Article166 1982-02-26 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Feb 25: 3||||| leesies US DoUarMSp*) Offer m 14 13* 14* 14% 14 11/*****/16 1ft 14% 1544 1ft 19 1/16 14 15/16 191/16 1419/16 Dm. twin. MlJil. r,i.. m\ l month 3 months 6 months 12 months (■MAM mctii166 words
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Article45 1982-02-26 2 RANGE of price* often Ml by dlscount boom on Feb 25: Overnight: JH% Call deposits >*« ClMtag Bmrtmt 3-month Selhac Treasury bills 2W 2* 3-month Bank bills 6 11/16 66/16 3 months CD 6 9/18 67/16 6 months CD 7% 7H Source: National Discount Co45 words
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Article481 1982-02-26 2 THE US dollar closed firmer against major currencies yesterday with the exception of sterling. Against the local currency, the US dollar opened at 2.1065/75. Trading was fairly active in the market. During the day, it reached a high of 2.1100/10 before dropping lower to the opening level at481 words
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Article264 1982-02-26 2 THE dollar for overnight delivery in Tokyo yesterday closed sharply higher at 235.75 yen compared with the 234.00 opening, dealers said. This was higher than the 233.75/90 close in New York overnight and the 234.25 yen close In Tokyo on Wednesday. The day's trading was a heavy |1.86 billion.264 words
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Article218 1982-02-26 2 SINGAPORE gold futures yesterday closed generally firmer compared with overnight levels in light trading. Prices were marked up between US$2 and $4 an ounce at the outset following the metal's strength in New York overnight and thereafter the market fluctuated within a narrow range. Total sales for the day218 words
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Article39 1982-02-26 2 «ri Tmm New York 7.98B 7 81B IBS 7.8BS Zurich 7.AB 7 80B lOS 7 90S Singapore 7.MB 7 758 isas 7 ms Ckalii( prk *a in US dollars a troy ouac r Source: Credit Suisse, S'pore.39 words
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Article91 1982-02-26 2 THE US dollar in Hongkong yesterday was narrowly mixed and little changed against ma)o» currencies in late exchanges. The dollar was unchanged at 2.3685/96 marks, slightly above New York's 2.3630/40 close. Sterling edged up to $1-8336/45 against the early 1.8320/30. Banknote rates yesterday US 5 85 5 87 UK91 words
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Article32 1982-02-26 2 Opening quotes yesterday US —1.8315/» Can 2.2305/31 Crom —1.2190/93 DMk 4 .3380 3422 D F1 4.7659/7703 S Fr 3.4377/4423 B Ft con 79.49/62 F Ft 11.0573/0688 Lit 2328 73/2332.75 Yen 431.68/432.4832 words
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399 1982-02-26 2 Reuter BRITISH banks on Wednesday lowered interest rates by a half percentage point on the heels of similar cuts in US rates earlier this week. Led by Barclays, Lloyds and National Westminster, they were reducing their base lending rate from 14 to 13Vi perReuter - 399 words
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109 1982-02-26 2 DUTCH gold and foreign exchange reserves fell 198 million guilders to 35.51 billion last week, after rising 165 million in the week before. Non-gold holdings were lower at 224 million guilders, the central bank's weekly return shows. The Treasury's account at the central bank fell109 words
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196 1982-02-26 2 Reuter JAPANESE public bond issues abroad guaranteed by the government are expected to increase further in fiscal year 1982, starting in April. Foreign currency denominated and dollar-linked yen bond issues in the current fiscal year ending next month have risen to 147 billion yenReuter - 196 words
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Page 2 Advertisements
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Advertisement1034 1982-02-26 2 THE BANK OF EAST ASIA, LIMITED NOTICE EXTRAORDINARY MEETING NOTICE IS HEREBY GIVEN that an Extraordinary Meeting of the members of the Bank will be held in the Connaught Rooms, The Mandarin Hotel, 5 Connaught Road, Central, Hong Kong on Wednesday, 24th March, 1982 at 11:35 a.m. or as soon1,034 words
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Advertisement752 1982-02-26 2 fW THE BANK OF EAST ASIA, LIMITED ANNOUNCEMENT The Directors of the Benk ere pleased to announce the following: PRELIMINARY RESULTS AND PROPOSED FINAL DIVIDEND The summery of the audited consolidated results of the Bank for the ended 31st December. 1981 is es follows: percentage Profit after taxation and transfer752 words
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TRADE AND INDUSTRY
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536 1982-02-26 3 LIM SOON NEO - By LIM SOON NEO BY 1990, the major consumers of rubber will reduce their share of consumption while the traditionally smaller consumers will increase theirs. This is the picture painted by Mr Harry Purdie, director of marketing economics of Polysar Ltd,536 words
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172 1982-02-26 3 THE GUmr Chamber sf Ceauneree aad kMy will reqaest the BegMry mt Vehicles ft* ertemd the porterf dartag which ear mm cm he nllglhto for pwferwtfal litlisil registration lee (PABP). Mr T»y Beag Ckui (rem tee said yvMay at the ui—thly meetiag ef the chamber172 words
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Article373 1982-02-26 3 RICHARD SEAH - By RICHARD SEAH THE Singapore Mint has secured a contract to strike over 90 million circulation coins for the government of Macau. Worth $4 million, this is the biggest single order for circulation coins from an overseas country so far. The Macau contract is373 words
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Article, Illustration582 1982-02-26 3 A LOCAL company has invested $2 million in new equipment to manufacture heavy-lift steel cable slings. About half of the investment by Hock Cbeong and Co went into a 3,000 tonne splicing machine used for making slings of 114.3 mm diameter steel cables. The582 words
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227 1982-02-26 3 THE joint auction by the Central Supplies Department and the Accountant General's Office yesterday raised about $100,000, well below its target of $250,000. Mr Vincent Wee of Victor and Morris, the auctioneers, said the low proceeds could be attributed partly to the227 words
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393 1982-02-26 3 IBM Singapore will soon art up a product centre in Shenton Way to retail its office equipment. It will be the first retail outlet (or IBM products in South-east Asia. The company is converting its existing showroom on the ground floor393 words
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272 1982-02-26 3 ATLAS Copco Airpower, part of the Swedish multinational group of companies, will hold a five-day intensive "training the trainer" course on compressors on Sentosa Island from Monday. The course, to be conducted by Atlas Copco's training centre based in Belgium, will be272 words
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Article322 1982-02-26 3 THE B«iy* Stores, we at Jtpu'a largest retailer*, to pi—lag to team ip with a retailer here to aapply merchaadtoc to 81agap»re as well as to hay It tor dtotrihattoa to Japaa. The nempauay h*pea to eemMae tto eperatleaa with a retailer which eaten322 words
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Article, Illustration571 1982-02-26 3 CHINA presents foreign companies with many opportunities for new business ventures because of its current development and industrial expansion programmes. But making an impact on the country's vast new field of technology and industry is not always easy. The "China II" conference, a follow-up on571 words
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Article, Illustration160 1982-02-26 3 UNION Bank of Finland (Singapore) Ltd, a whollyowned subsidiary of the Union Bank of Finland group, has made the following appointments effective from March 1. Mr M Pahli has been appointed treasury manager with overall responsibility for the bank's foreign exchange and money market operations. Mr itfu160 words
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Page 3 Advertisements
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Advertisement144 1982-02-26 3 Tap specialised skills with TEKNISKIL Tekniskil gives you the right man for the right job at the right time. No matter what industry you're in, we can tackle the job for you. Experts in their own fields, our men need little or no familiarization training, be it in electronics, petrochemical,144 words
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Advertisement333 1982-02-26 3 TSINGTAO'S "CASHLUCKY DRAW^s 79 Years Behind We are China's Premier Brewers. m G •> V 4r X&oE?\ 3 \--^WL£S ft A Between the perod of y *P 16/1/1982 *>31/5/1982. r\ t*jy o bc*tte/con o» Tsngloo Beer/Dork Beer' Pt»* you wJ get o '»ee Lucky Onjw couoon a Ddocti the portion333 words
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OVERSEAS
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463 1982-02-26 4 Reuter CHRYSLER Corporation, which has come close to bankruptcy in recent years, slashed its losses by more than US$l billion to $475.6 million in 1961. Chrysler, the third largest US car manufacturer behind General Motors and Ford, predicted on Wednesday that it wouldReuter - 463 words
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487 1982-02-26 4 NYT PRESIDENT Reagan proposed on Wednesday a broad US$35O million plan of trade and investment incentives to improve the economic well-being of the Caribbean area. He also warned Cuba that the US would do "whatever is prudent and necessary" to prevent the overthrow ofNYT - 487 words
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Article571 1982-02-26 4 NYT AMERICAN businessmen have been urged to voice their objections to President Reagan that his budget is unacceptable because the deficits are too large. The appeal was made on Wednesday by Republican and Democratic senate budget leaders. At the same time, Treasury Secretary Donald Regan toldNYT - 571 words
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WORLD IN BRIEF
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Article402 1982-02-26 4 Agencies SRI LANKA'S Finance Minister Ronnie De Mel, in Kuala Lumpur for a visit, said he is confident that Asean will consider positively, his country's request to Join the association. Mr De Mel said after meeting Malaysian Foreign Minister Tan Sri Shafie that it is natural forAgencies - 402 words
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126 1982-02-26 4 AP MALAYSIAN Foreign Minister Tan Sri Ghazali Shafie arrived in Jakarta yesterday to sign an agreement recognising Indonesia's "archipelagic principle" which gives Indonesia sovereignty over the seas linking its thousands of islands. Tan Sri Ghazali was met by bis Indonesian counterpart, Mr Mochtar Kusumaatmadja.AP - 126 words
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260 1982-02-26 4 NYT PAN AMERICAN World Airways (PanAm), which has been losing about US$l million a day, has a chance to break even and perhaps report an operating profit this year. C Edward Acker, chairman and chief executive officer, said the recovery dependedNYT - 260 words
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409 1982-02-26 4 Reuter ASHTON'S diamond-venture manager, CRA Ltd. has issued a statement refuting claims that valuations of stones from the project are too low. The claims have been made by Australian opposition Labour Party mining spokesman Paul Keating, who said the sample prices obtained so farReuter - 409 words
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387 1982-02-26 4 UPI US DEFENCE Secretary Caspar Weinberger has said that the United States will not seek friendlier relations with moderate Arab countries at the expense of Israel. Weinberger appeared before a House panel on Wednesday to defend his US$25B billion defence budget for fiscal 1963 asUPI - 387 words
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Article311 1982-02-26 4 Reuter THE French government has reached an accord with West German chemicals giant Hoechst AG over state participation in its French subsidiary Roussel-Uclaf, one of three foreigncontrolled companies originally due for nationalisation. Presidential spokesman Pierre Beregovoy said on Wednesday that under the accord, the first ofReuter - 311 words
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Article443 1982-02-26 4 Reuter THE THRUST of the Hongkong 1882/83 budget was broadly as anticipated, although the abolition of witholding tax on foreign currency deposits at this stage produced some surprise. On Wednesday, Financial Secretary John Bremridge outlined his concerns as a need for appropriate monetary and fiscalReuter - 443 words
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353 1982-02-26 4 Reuter SIR Freddie Laser's hopes of resurrecting his Skytrain took a double blow yesterday when the two biggest British airlines opposed his return to the North Atlantic air fares battle. British Airways and British Caledonian said they would lodge formal objections with Britain'sReuter - 353 words
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Article784 1982-02-26 4 ARRIVALS 8emee Local Operator Number Time From AI A1404 0100 BOM PAA PA005 '0220 NYC/SFO/ AHA/HKG MAS MH601 0700 KUL SLA SQ43 0740 DHA TMA TL341 0830 BEY/DXB S1A SQ101 0845 KUL MAS MH8U 0845 PEN MAS MH671 0915 KUL RBA B1427 0955 BWN MAS MHG51 1000784 words
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336 1982-02-26 5 AFP THE Malaysian Rubber Research and Development Board (MRRDB) has been directed to formulate a comprehensive programme to speed up growth of the robber-based industry and bring about greater domestic usage of natural rubber. Malaysian Primary Industries Minister Datuk Paul LeongAFP - 336 words
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298 1982-02-26 5 THE Asean Chamber of Commerce and Industry (ACCI) has invited representatives of Asean governments to sit in as observers at chamber meetings. The-move is to reciprocate the invitation by the Asean governments to the ACQ to be observers at the bi-annual meetings of298 words
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522 1982-02-26 5 NYT OVER the objections of the securities industry, the US Securities and Exchange Commission has approved a temporary change in underwriting procedures that some investment bankers have said will severely undermine their traditional role in bringing new stocks and bonds to market. The measure was partNYT - 522 words
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Article343 1982-02-26 5 UPI A US research group has called the Reagan Administration's energy policy a "prescription for disaster" and warned Western Europe that the Soviet Union might use the Siberian pipeline to hold it hostage. It challenged the conventional view that the energy crisis is over andUPI - 343 words
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273 1982-02-26 5 A SABAH group is to build a MsloB-million hotel in Darwin, Australia's Northern Territory, which is actively working to be identified as part of Asia. The international hotel, to be built on the esplanade at Darwin, will be completed by 1984. Northern Territory's Minister273 words
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133 1982-02-26 5 AP TWO scientists in Manchester in England have invented a method of making crude oil from domestic garbage. The v Press Association News Agency reported yesterday that a pilot plant converts plastic, paper, cardboard, vegetable matter and textiles into three barrels of oil a day.AP - 133 words
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167 1982-02-26 5 UPI A MAJOR copper mining company in the Philippines has shut down, resulting in the layoff 1,100 workers, after it failed to get a loan from the government. Press reports said on Thursday the loan was meant to tide over the Santo Nino Mine inUPI - 167 words
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Article626 1982-02-26 5 Reuter THE JAPANESE government yesterday hit back at the US for renewing pressure on Tokyo for additional trade coaceaaioua. In a strongly-warded rebuttal, the Japanese government said it doubts whether the US knows the rules of the General Agreements on Tariffs and Trade (Gatt). "That'sReuter - 626 words
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Page 4 Advertisements
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Advertisement387 1982-02-26 4 Due to expansion of its hotel activities, a leading Malaysian based conglomerate invites applications from suitably qualified candidates to fill the following key management positions: HEAD HOTEL DIVISION The successful candidate will head the Group's Hotel Division which will have a chain of hotels in Malaysia and the Pacific rim387 words
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Page 5 Advertisements
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Advertisement79 1982-02-26 5 A leading U.S. Brokerage House seeks an entrepreneurial STOCK TRADER for its services into American Markets. Applicants should be qualified registered representatives of the NYSE below 35 years of age preferably University Graduates Excellent potential for personal and financial development in the group. Generous basic package offered. Applications giving full79 words
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Advertisement963 1982-02-26 5 Bank of New South Wales Group Consolidated Balance Sheet at 31 September 19S1 Bank of New South Wales STATEMENT OF ACCOUNTS FOR YEAR ENDED 30 SEPTEMBER 1981 (All figures quoted in Australian dollars) Authorised Capital 234.000.000 Ordinary Shares of SI each Share Capital and Reserves Issued and Paid Up Capital963 words
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Article387 1982-02-26 6 LUXURIES ARE always the first to be dispensed with in an economic recession. Air travel, although no longer restricted to the elite few, is still a luxury. Fewer people go on vacations, fewer businessmen need to make overseas calls when the economy is down. The 11.6387 words
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Article249 1982-02-26 6 THE MONETARY Authority of Singapore has cut its re-discount rates three times this year, a clear enough indication that it is keen to bring interest rates down to lower levels. In the United States, rates have again come off slightly. One might expect249 words
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Article, Illustration1995 1982-02-26 6 PETER MONTAGNON - THE TIME APPEARS TO BE COMING WHEN COMMERCIAL AND CENTRAL BANKERS ALIKE FEEL THAT DEFICIT COUNTRIES WILL NO LONGER BE ABLE TO TURN TO THE INTERNATIONAL CREDIT MARKETS AS THEIR FIRST PORT OF CALL, REPORTS PETER MONTAGNON. PETER MONTAGNON. FT A FAINT but perceptible shiver ofFT; Source: Morgan Guaranty Trust (Published Emer Bank) - 1,995 words
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Page 6 Miscellaneous
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Miscellaneous633 1982-02-26 6 I -IK-ORE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Pickles for use In an emer»»cy 7 One with great affection for a feathered friend (8 8 A tab as a musical instrument (4) 10 When Td get into the fray U Benefiting from Jabs? (ft) 14 Figure it to be kindled (3)633 words
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Miscellaneous636 1982-02-26 6 The Diary of Anne Frank DURING Werli War 11, the Patttoi Aaae Pruk ui saves mt*y to PI Mi traai the Nidi la mm g Albert n i —frrtt Lla "*f the stile ti mm laitmlw CMaa, grew i wvtfeMH far twa years. The pflst eptoaiu af Ike mm aft636 words
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Article, Illustration1409 1982-02-26 7 LILLIAN CHEW - By LILLIAN CHEW IT WAS NEWS headline material In the 70b the Arab sheikh with his petrodollars making forays into the bond, equity and property markets in the West Then the lustre of the Western economies faded. Arab investments had to be1,409 words
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1220 1982-02-26 7 STEVE BROWN - By STEVE BROWN NYT THEY HAVE BEEN heralded as the salvation of the US real estate industry. They have been analysed, idolised, courted and wooed by both lender and borrower. Although they have had no particular interest in real estate investments, they have money,NYT - 1,220 words
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Article801 1982-02-26 7 WILLIAM SAFIRE - FORUM With WILLIAM SAFIRE NYT WHY, AFTER 36 YEARS, are 350,000 American troops stationed in Europe? The announced purpose is to deter a Soviet attack. Most Americans have been sold on the notion that Europe is their first line of defence, same as in theNYT - 801 words
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Page 7 Advertisements
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Advertisement139 1982-02-26 7 You know that he will find It and itfs not nutritional enough And so it is with the intellectual growth of your child. The school textbooks are like plain rice. Your child needs more than that to widen his knowledge. TIME-LIFE has a series of books on various topics suitable139 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article118 1982-02-26 8 rn m AMM jUi n In Akan AMKV A>(U ABratmk C2■ala CatMd Ckiw rwn □all lfi; PAkkar QMfefOC (lata*. SK-sc KM ELM raw SET OrlntMi 1* rk no# MM MM «J0 nm a. 10 MM MM MM MM SUM hm WIM M.M 4LM TLM MM MM MM T.M UjM118 words
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Article197 1982-02-26 8 ra m m COKBHLLK Air-Liquid* 400 B 8 M OrntM JO +14 Daaooo Ml Car (ThomaonOrfl MO CM mnetlM IK 'oSSSo* MB CrMtt Poadw Do Ftmoe* Si (Utnlrtt) 41ft SJ Pfetmwy CSftZM Kihlaaao IM. flMl l US Phlflpo (Mr ta M) 00.4 glBIWJI B A 141 aA m Da)197 words
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Article70 1982-02-26 8 m m m FORWARD MARKET ACK 4M Artwl •u ill Braaemo M Bru-Lunb 1M OHWC 1» oocl m -M 14 •M U -M Wbm in Ok-Inoo-BM MM -m -m Hotek am PMro «rw -1M •m Rrt Dutch I3M a&tro l«M Soc Omt UM -M -M -M BoOn* MM Bohmr70 words
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Article161 1982-02-26 8 Hi» DB ASO mjS ,r Alto Laten uuo uncb AlteV«. mx> .li bast mm -ci My a t «tut inm 1 fV Vbanft DM Bgyr UUO -1 bbc mm uncb ■MW SUM +14 aOM -7 v MM 1J niwiiBMMini in JO 4i Ooau Ouffloi tut uncb DUmtar-Bani MM *U161 words
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Article97 1982-02-26 8 n> M 00 Lira Ml JO L» ■el OKI Ooot mm nu itKOrt 1 Aeqm Ran um OM 1MB ft SZl 1MM iias -m M -118 IM m OM Ola mi IMM SIM MO 40 Ifl P rtw IM In«« lute ■Mia CM ~mm •4 IteJf Lap* ModJ Mlta97 words
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Article118 1982-02-26 8 ra M ct A MUM IM AkM SM 4-« Aifow 9) V» hnl Mont m (ut Mm ■eiilM Bail TM ITU •Mb Oorp VCMLM M« Bnacu Cms IM iMkm 14« CM lap Bt uaeb Q»npf M% Ctnatc In M uncfc Ckrflnc CKKmt» M OoHnro Ohm Balb MM Coof mrtanoi118 words
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Article173 1982-02-26 8 r*B M Rand INDUSTRIALS A Alpt* «M Atareoa m AX And CI M -a AIOC M -m ■uton MB -U a.-- g Cum* rmaiM M» -U OMan lad 5~g rugn m -m OMMBl fntwn I» ggr i UtaMr Uartto m -a LTA «H uncfc M Aad R m Mgy173 words
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Page 8 Advertisements
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Advertisement202 1982-02-26 8 The American Express Card serves you well, wherever good food is served" SKAlit: II gfe AviiveManif Special The true Singapore flavour—only $8" __v Our popular Nonya Buffet Luncheon at a special price. Lunn 12 noon to 2.30 pm. Vl price on lon Bar prices. 3 pm—7 pm LIVE MUSIC from202 words
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Advertisement81 1982-02-26 8 f*lUu For sushi. For teppanyaki. For other authentically Japanese delights. < >r- ,i, Ii >r rvst'nvit;< >>:s <*t J// ■> i v® < »'ii(iii'\ I *j i i*k H u< »i i i ii u »r« offers JAZZ BRUNCH on^undays 10.30 a.m. 3 p.m. $21 per person Please coll *****8881 words
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Advertisement91 1982-02-26 8 See Page 9 for New York stocks and Page 11 for Asian stocks A Merlin GriU Speciality From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before Only at the Singapore Merlin. Lunch from 12 noon 2.30 pm at $17.00 per head Dinner91 words
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Advertisement167 1982-02-26 8 When you dine, dine Cantonese. 3 0 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 evening167 words
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Advertisement141 1982-02-26 8 For businessmen and professionals, a place to call your own. Located at the basement of the Cockpit Hotel is the Citation. Exclusive. Plush. Luxuriously spacious. A club with live and pleasant entertainment, gracious hostesses and all the privacy you want. Ideal for drinks and evenings with clients and colleagues. And141 words
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RAW MATERIALS
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Article791 1982-02-26 9 COFFEE: Robusta coffee futures yesterday were firmer at the midday close with prices between £27 and £20 a tonne up on Wednesday's close in traded positions. Dealers said early gains were much as expected, based on Wednesday's higher New York market. The dealers said robusta values now seemed791 words
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Article127 1982-02-26 9 THE Kuala Lumpur crude palm oil market yesterday ruled steady in moderately active trading,dealers said. In March south, which gained M 52.50, and north were traded at $975 a tonne while central was traded at $972. In April south and central closed at $965. The refined market was127 words
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Article67 1982-02-26 9 THE STRAITS tia price In Peiaig yesterday rese atae eeiti te MSS3.M a klle, still within the ITA middle seeter of $32.M aad $34.98. Further streag Inflaential buyer'» sappsrft, lewer dlspssaJ ef metal aad light laereeeed baying frem Japan and locally were factors eeatrlhattag te the rise. Tstel67 words
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Article34 1982-02-26 9 Robber: Feb 25 Singapore: March: 179.50 cents (op 1.00 cent) Malaysia: March: 202.50 cents (op 1.00 cent) Tin: M $33.00 per kilo (op 9 cents) Official offering: 260 tonnes (down 27 tonnes)34 words
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Article87 1982-02-26 9 THE Malaysian Minister of Finance has fixed these rates for the period from Feb 25 until further notice: Bahher: 2MV« cents a kilo for RSS One; Copra: M 3500.00 a tonne; Fatal kernel: $965.75 a tonne; While pepper: *3,302.22 a tonne; ■aek pepper: *2,173.11 a tonne; The87 words
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Article790 1982-02-26 9 A LATE rally in New York on Wednesday pushed the market sharply higher, with oil and blue chip stocks providing the leadership. The Dow Jones industrial finished up about 13 Vi points, advances led declines by around 1,020 to 480 and volume widened to some790 words
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Article215 1982-02-26 9 RUBBER prices in Singapore yesterday closed slightly higher with March One RSS buyers quoted at 179.50 cents per kilo, up one cent from Wednesday's close. Morning prices were marked up slightly on reserve of sellers and some trade covering. Afternoon prices gained further ground on some speculative buying coupled215 words
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Article307 1982-02-26 9 HAS pfleet in ccnU per kilo yeatertlayNt na Ooee (par kOo) (per kOo) Int. 1 R-S-S. prompt l.o b. 177.00 17I.00N 178.00 179.00N Int. 1 R-S-S atarca 11M0 mjo 17* JO 1*0 00 Int. 1 RS.S April 11*J0 179 JO 17* JO MJO lat KS.S IK. 00 108.307 words
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Article82 1982-02-26 9 NOON MR md BOt p BAJ nb p*iW* itn (Carnal wj m 1 166 DO 10.00 k M»> ■Bin irrooN HUM A»m (F*rv*r4 Wi««»>« I'll n ittn Htk) l«n IC7.00N IMMtl U Mini Aarll SMR SMR SMR SMR cv L 1 OP um Mm Um 1MJ0 IOT.0082 words
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Article163 1982-02-26 9 CHIN BSC Pnlsii Ku*u«e, 7ZZSZ,»**£!!* Fleee Cm—l A Bulk fob SIOO.OO sellers, aid drum (in second hand drum) lob $112.00 sellers, new Aram lob *116 oo sellers OsfHU I—< < loose i $50.00 bnm. nfpvi Mnafok while pep(Mr lob Aato NLW $300.00 ae tiers, Sarawak white pepper taq163 words
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Article178 1982-02-26 9 YABN and cotton prices ware quoted aa follows in (Is IK Mkn, spot ex-go-ptnta mum-, m un, «a (par kale ef OH Da). HOT «MiH Chtna But oB%iHi (Ml fcraad unq; aaq, FWasi aad Batterfly aaq; VVtof Oeeae unq (per ptoee M laches by «0 yards). SJO. 4F SJB;178 words
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Article312 1982-02-26 9 9NGAPOBB: Yesterday's closing prices In Sf per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second dan LOS, 100 per cent third claa LOO, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN. A-super 0.70, Special312 words
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Article214 1982-02-26 9 SOYBEAN futures in Chicago on Wednesday closed near the bottom of a nine US cent range, down six to 2Vi cents a bushel in revived trade. Nervous local king liquidation of nearbys ahead of March 1 deliveries, prompted partially by increased commercial bear spreading in the soy complex,214 words
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Article222 1982-02-26 9 WHEAT future* in Chicago on Wednesday closed down IVi US cents a bushel tn old crop, to up as much as one cent in new crop. Steady local long liquidation ahead of the March One delivery intention notices, scheduled to be released on Friday, edged nearby values lower late.222 words
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741 1982-02-26 9 THE Palm Oil Registration and Licensing Authority (Porta), the statutory body set up to regulate the industry, ir unable to determine the extent of excess capacity that has been the refining sector (or sometime now. The excess capacity refers to the difference between741 words
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343 1982-02-26 9 Reuter TIN PRICES stabilised on Wednesday an the London Metal Exchange (LME) and closed only slightly weaker as some buying of the metal for immediate delivery arrested the sharp tall of the last two days, dealers said. Trading in tin on the LME onReuter - 343 words
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Page 9 Advertisements
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Advertisement138 1982-02-26 9 BANGKOK BANK LIMITED SINGAPORE BRANCH U5520,000,000 Negotiable Floating Rate US. Dollar Certificates of Deposit due 28th August 1984 I In accordance with the provisions of the Certificates, notice is hereby given that for the Interest Period from 26th February 1982 to 31st August 1982 the Certificates will carry a rate138 words
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Advertisement309 1982-02-26 9 (FLOUR MILLS) (Incorporated in the Republic of Singapore) COMPANY ANNOUNCEMENT The Directors are pleased to announce that they have decided to recommend a Final Dividend of 4% tax exempt and 10% less 40% Singapore Income Tax In respect of the financial year ended 31st December, 1981 and, H approved by309 words
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1394 1982-02-26 10 BID and offer prices officially listed and business in and reported to the Stock Exchange at Singapore yesterday with the number at shares traded ohown In brackets in lots of 1.000 units, unless otherwise op> filled. SECTION ONE INDUSTRIAL COMMERCIAL Amis (18QB1,394 words
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Article145 1982-02-26 10 WMWBcnrtiwr (Mim«iii'>rt— tor rah N) The m io7 Tl* Sevtao Ftad 1H i® S par. Pro, Fa* i_n i5 P«»«t.FWd IM L« fP« £«"o« rmd LM 1.11 S pore Equity Fund L» 1JI DUMOHPMOI rJOZZ 0 S'pore Fd (USt) 9 INOaMBBOM rrou •or Ml) 11 OS L» (Jaa)(taday)145 words
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Article2853 1982-02-26 10 1M1/1MS Hick Low CwBpaajr Last Bale OTGr"s DW DW CTT Gr's m Net P/l Vol (*000> Day Higfc Low 8BCTION ONE INDUSTRIAL COMMERCIAL 404 IIS 380 312 430 300 410 833* 818 430 348 Aetna 118 Aleom 1M Allied Choc 150 BAT 3M Bata 78 Ben Sn2,853 words
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Article1453 1982-02-26 10 BID and offer prices officially listed and busines in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified DfDUBTBIALS IJiiwili (ITS MOB) kkmm (IJOB 1.J86) (1) IB (2) i n1,453 words
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Article177 1982-02-26 10 AYER Melek Bilker C—paay Berfcad: Sixty-sev-enth AGM to be held at No 22 (upper Ooor of No 20), Jalan Gelanggang, Malacca on Feb 26 at 10 am. YBO Hlap Seag Limited: Twenty-Sixth AGM to be held at 15th Storey, The Arcade, Collyer Quay, Singapore 0104 on Feb 26177 words
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Article501 1982-02-26 10 THEMagapsn stenk mmr~ ■kin pried amTwHlta ■mew ths The iteait <ttwy a tain phere that hu iawaed aa the IMai miM aoay Ml the lees Alert iaveatar, said a broker. Beene hwriw an probably set aware that the prices «I their sleeks an graiaaUy Mag501 words
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Article588 1982-02-26 10 SHARE prices finished easier on the Kuala Lumpur Stock Exchange yesterday in an unhurried session with turnover dipping below the three-million mark. Recovery in overseas bourses initially appeared to bolster sentiment as reflected in the encouraging start. Prices opened higher and the trend, though interspersed588 words
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COMPANY NEWS
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476 1982-02-26 11 LOYTAPE Bhd's revamp of its marketing operations and cost-cutting campaign appear to have benefited the company. In its last financial year ended Sep 30, 1961, Loytape managed to turn around to record a modest pre-tax profit of M 5157,383 as against a loss of476 words
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78 1982-02-26 11 TBADEWIND6 (M) Sda ■M, whaily iwmj «WIJ7 J kuteeapttol af Tub Ma ptoataltoa MfMy la J»han. Ttalt earreatiy «was •Wat UtS hectares «I «A palm toad la Jafcsce. Pna ii an todleato haw mefc It paid to aeqaire Turia bat aaM the tisa vm he78 words
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957 1982-02-26 11 THE Hagemeyer group of companies in Malaysia has taken steps to restructure its operations in line with the New Economic Policy. Hagemeyer Industries, the manufacturing arm of the three companies the other two being Hagemeyer Trading and Hagemeyer Engineering is already 24 per cent owned957 words
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454 1982-02-26 11 INDIA-Maiaysia Textiles Bhd (IMT), the Butterworthbased textile company, is confident Its profitability would be enhanced with the implementation of its modernisation plan. IMT also believes that its 7.5 per cent convertible redeemable cumulative preference shares would be redeemed on the new due date. The company454 words
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Article836 1982-02-26 11 LONDON, Wed. The market closed tower in reaction to the Prime Mhrtter*» comments yesterday which dampened hopes at a reflation»ry budget because the tall la North Set oil revenue has limited acope (or any concessions. The half-point clearing bank base rate reductions to 12 Vt per cent had836 words
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Article103 1982-02-26 11 GUTHRIE Corporation will ■000 sign an agreement with the Sri I ankan government to undertake a Mf4o million oil palm plantation project in that country. The Sri I ankan Finance and Planning Minister Mr Ronnie De Mel said negotiations were now at the final stage.103 words
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Article203 1982-02-26 11 MBF HOLDINGS has provided more details of its proposed acquisitions of five property-based companies. MBF (formerly Pacific Development Corporation) recently announced it was acquiring the five companies for MfSl.4 million, to be satisfied by the issue of 30.7 million new MBF shares priced at $2 each.203 words
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ASIAN STOCKS
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Article293 1982-02-26 11 HONGKONG STOCKS IN Hongkong yesterday closed lower on late selling, reflecting disappointment over the limited gains earlier in reaction to Wednesday's budget, brokers said. The market was quiet despite the higher overnight US close and the reduction of broker loan rate by some US banks, they added.293 words
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Article326 1982-02-26 11 SHARE prices on the Tokyo stock exchange yesterday recorded their sharpest fall for three months with sentiment dominated by fears of a worsening domestic economy «nd growing trade friction with the US. The market average shed 83.57 to close at 7,580.45, the heaviest fall since Nov326 words
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Article181 1982-02-26 11 OIL STOCKS IN Sydney yesterday took another beating as the market posted a 26-month low, dealers said. At the close of trading the All-Ordinaries index stood at 490, down 4.1 points on the day. The oil index, labouring under a world-wide glut and predictions of further Opec181 words
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Article38 1982-02-26 11 m Paaoa ittUOOLi AUM Oon. ■MMO Ootd n -u jus -cam MVOa—rttl> Ui unci) Ui +Ui La—m R ut 1 ssssr. OrtantaJ B B Ui +Mft W»UC»IHIM JM «Mb MM SUj! anch UM 4J i fig==r at38 words
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Article40 1982-02-26 11 SHARE prices in R»ng*r>*r yesterday closed generally lower in inactive trading in the absence of buying support, dealers said. Ajta M fi" Ow Interna finrnl I<H -1 t Bt Mm City CMMOt Mi -1 Uattad floor h, W! '1—40 words
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Article51 1982-02-26 11 FINANCIAL TIMES INDUSTRIALS Wednesday 862.6 Tuesday 960.0 Week Ago 863.8 DOW JONK8 AVERAGE INDUSTRIALS Wednesday 826.77 Tuesday 812.08 Week Ago 827.68 HJLHANG SENG Thursday 1286.00 Wednesday 1287.12 Week Ago 1257.94 AUSTRALIAN INDUSTRIALS Thursday 636.1 Wednesday 640.7 Week Ago 860.6 ALL ORDIN ARIE8 Thursday 400.0 Wednesday 404J Week Ago51 words
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Page 11 Advertisements
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Advertisement233 1982-02-26 11 F fie < w KWNS THE WORLD What makes PHILIPS' ILL USTRA 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 useful information.233 words
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Advertisement174 1982-02-26 11 UBA COMMERCIAL 4 INDUSTRIAL lAHOKOO CMJKMNU TUUAMA. MBDCO Commercial-Industrial pared of 412 acres split Into 6 lots from 40 123 acres near border crossing and airport. Price and terms negotiable. Seller's trust deed available. Also co-ownership offered. Minimum down U8521,000- Write for brochure: RUNCO B V„ POI 497,217 V AC174 words
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Chief Price Changes
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Article159 1982-02-26 12 Rises Indices K L I ad as trie* 384 28 La rut Tin 180 +19 Feb 24 Feb 25 Roths ana Maia 085 15 BT Indicator: *****9 *****6 Textile Corp P M Hldfa Sal Properties 250 570 525 14 10 10 10 10 Industrials: Finance: 746.03 1686.78 747.66 1686.27159 words
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Article, Illustration144 1982-02-26 12 THE Stogspere stack market taraed 4*ll «gala yesterday with prices mevtag wltUa aarrew margins. The Straits Times ladastrial ladex crept u 1.C3 psiats ts 74*7.«. However, the Rswtanss Times laflmtw »sst ICS psiats ts ITI^M. Rises Indices L&rat Inch XK Petaling Tin U Beaut 257 1360 1180 480144 words
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211 1982-02-26 12 PUBLIC Bank Bhd's one-for-one rights issue of 35 million Msl ordinary shares at $2 each has been oversubscribed. Applications were received for a total of 36,516,149 shares for the 35 million rights shares when applications closed on Feb 11, Public Bank announced yesterday. Out211 words
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327 1982-02-26 12 YEO Hiap Seng, which owns 49 per cent of Glenvale Pastoral Company Pty Ltd of Australia, has decided to dispose of its entire investment in the company to prevent any further losses. But the sale will only help YHS recover a327 words
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Article439 1982-02-26 12 CHOO AI LENG - ■MMR Companies Editor: Mara Sabnani By CHOO AI LENG FLOUR milling group Prima Limited has reported lower group pre-tax profits for the year ended Dec 31, 1961. This is the second consecutive year of lower earnings. Group earnings before tax were down 5.9 per cent439 words
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415 1982-02-26 12 KOH TSE YING - By KOH TSE YING RENONG Tin Dredging, recently acquired by Sparlstre&m Investments of Hongkong, has proposed a bonus issue of five-far-two. This will be the second bonus issue in the company's history. In 1963, Renong made a bonus issue of one-for-one. The latest bonus415 words
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Article332 1982-02-26 12 Curat Ex Baaka Date TataJ far Tata! far PkynMwt Date Ow PayaMe the year hOTlm Ayer Maiefc 30%(q) Feb 3 Feb 15 Feb 26 30% 30% Rati Kami Berjaya Kunt 15% Feb 8 Feb 18 Feb 27 20% 20% 4%TEI Mar 3 Mar 15 Apr 5 4%TE 9%TE332 words
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Article343 1982-02-26 12 Cs«paay Partfcalan Ex Date Bssks Clsse MIFIhUtap Proposed bonus issue MBS oil fori NY A NYA Proposed bonus issue of 1 for 3 NYA NYA City Dct Rights issue of 1 for 3 $2.90 per share NYA NYA Proposed bonus issue of 1 for 3 NYA NYA Rights343 words
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Article33 1982-02-26 12 TRADING in the shares of Paper Products (M) Bhd resumes this morning on the Singapore Stock Exchange. The shares were suspended at the request of the company on Feb 12.33 words
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301 1982-02-26 12 IN SPITE of lower profits for the year ended Dec 31, 1981, closed-end investment trust United International Securities is paying stockholders a gross dividend of 5 per cent. This is the first time the company is paying a dividend since its public301 words
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Article641 1982-02-26 12 by HOCK LOCK SIEW DATUK Azman Hashim, the banking and corporate whizz-kid, is back in the limelight again and living up to his name as a seeker of new challenges. This time Azman is going for the big stakes some say eventual full control of one ofby HOCK LOCK SIEW - 641 words
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328 1982-02-26 12 SIM Lim Investments Ltd has incorporated four companies as part of its diversification. The four subsidiaries are SL Precast Pte Ltd, Tropicon Contractors Pte Ltd, Progressive Building Services Pte Ltd and Sim Lim Technology Pte Ltd. A company spokesman said the establishment of the328 words
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Page 12 Advertisements
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Advertisement130 1982-02-26 12 KOREA EXCHANGE BANK $20,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE AUGUST 31,1964 In accordance with the provisions of the Certificates, notice is hereby given that for the Interest Period from| August 26,***** August 31, 1962 the Certificates will carry a rate of interest of 15Vi"'* per annum.130 words
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Advertisement31 1982-02-26 12 FINE CHINESE ANTIQUES WORKS OF ART RWOR GALLERY Pte Ltd 101 103, First Floor, Far East Shopping Centre, Orchard Road Tel *****16 *****42 THREE GENERATIONS OF EXPERIENCE SINCE 1918 kt J .|?:_\"=)/`(]>]`)@}[<%|?>$!`:?@31 words
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Page 12 Miscellaneous
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Miscellaneous67 1982-02-26 12 OUTLOOK for Singapore today: Generally fair. Sunny in the morning and early afternoon, showers in few areas in late afternoon. Report for 24 bonrs prior to 7.3# pm on Feb 25 at the airport: Maximum temperature 32.2 Associated humidity 61 Minimum temperature 24.4 Associated humidity 94 Hours of sunshine 8.4567 words
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SHIPPING TIMES
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294 1982-02-26 13 3IJTHA Maritime Company, 3* Thai shipping line, has decided to sell its share in the United Thai Shipping Cocporation Limited (Unithai), a government-backed shipping line operating on the Thailand-Far East and Europe routes. Jutha has informed Unithai of its decision so that Unithai294 words
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567 1982-02-26 13 G DURAIRAJ - By G DURAIRAJ THE FAR East/East Africa Conference has proposed an 8.89 per cent increase in general freight rates with effect from May. In response to the proposal, the Malaysian National Shippers' Council (MNSC) and the Singapore National Shippers' Council (SNSC) are planning567 words
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PORTSIDES
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Article61 1982-02-26 13 Reuter YUGOSLAVIA has offered India technology to set up plants to build ships and process cocoa beans, Republican Secretary for Foreign Relations of the Republic of Croatia, Yugoslavia, Vera Sodan, said. Sodan met India's Shipping Minister Veerendra Patil and offered to supply the shipbuilding technology free ofReuter - 61 words
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Article78 1982-02-26 13 Reuter THE PANAMANIAN motor ore carrier, Orient Treasury, has been missing since Feb 9 after passing through the Suez Canal, its insurers told Lloyds Shipping Intelligence. A Lloyds message, quoting the Cathay Insurance Company of Taiwan, said the 19,505-tonne vessel left Masinloc in the Philippines on JanReuter - 78 words
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Article111 1982-02-26 13 AFP A TAIWANESE captain of a container ship which rammed into a pier four months ago, wiling three people, has jumped bail. Chen Ping-Tsoo, 57, captain of the container ship Sunshine Island, was released on bail by coroner John Hansen last month on condition that he returnedAFP - 111 words
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Article94 1982-02-26 13 Reuter A NATURAL gas oil rig owned by the Texaco Company collapsed in the Gulf of Mexico recently after a fire, the Coast Guard reported. It said two people on the rig had been injured. They were evacuated by helicopter to hospital. Texaco was going to letReuter - 94 words
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Article708 1982-02-26 13 AcMpctanSM vm i aim vm i Atro-Buraata VI J AUtraaa VD AJ|»C VI s Aapaiw V s AaMag X s ANL I 1 APCLtaa IX 1 APL m w Ai ffUnt IV 4 asa. m I AM* ItotteM VI 4 AUU [iM X 4 AuMMte Um V708 words
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Article918 1982-02-26 14 Ernam Panama built IMS about 5,496 dwt on 6.4QM draught half shelter 2HO/HA single no. 1 JSJM x 7.5 M tween deck no J 27M z 7.5 M 250,000 cu ft bale each hatch 2 x 20T and 2 z IST Singapore early March interested lifting cargo to918 words
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Article1461 1982-02-26 14 NEW BUSINESS was concentrated In the time-charter sector on Wednesday with European and Japanese deliveries prominent, brokers said. A 64,400 long dwt Japanese newbuildlng was booked for delivery ex-yard at U555,200 daily for an Australian round voyage and *7,500 was paid for a 44,000 tonner for prompt delivery1,461 words
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479 1982-02-26 14 CONTAINERISED freight traffic via the Siberian landbridge (SLB) system totalled 77,984 TEUs In 1981 for west and east-bound freight to and from both Europe and Iran combined, showing an increase at 5,001 TEUs over the performance in 1980. As for west-bound traffic to479 words
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Article, Illustration143 1982-02-26 14 BERTH fl/47 at the Port at Singapore Authority's Keppel Wharve* was very busy for the last two days. However, it was not due to exceptionally high cargo throughput but to the arrival at the superttner Queen Elizabeth 2 with her full load at143 words
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353 1982-02-26 15 .SHIPPING TIMES, Friday, February 2€, 1182 SUCCESS with a satellite navigator (satnav) for yachts has now led to Danish and British companies producing a new competitive version for commercial shipping. Rauff So re risen and associate Delta Marine introduced their first satnav unit, the RSSOOO,353 words
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499 1982-02-26 15 Seatrade CONTAINER leasing companies are among the best qualified members of the liner shipping industry for predicting shifts in the movements of general cargo on most of the world's trade routes. With their global communications networks, their day-to-day experience with positioning boxes in accordanceSeatrade - 499 words
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717 1982-02-26 15 THE PHILIPPINE Ports Authority is transfering its jurisdiction over the country's ports to local governments, reports Business Day. The country has 528 municipal ports, but only 12.3 per cent or 65 of them are operational. The rest are under-utilized or at717 words
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5312 1982-02-26 20 SCHEDULE A guide to ships loading at Singapore for ports 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 of5,312 words
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Article550 1982-02-26 21 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Date/Time Operator Godowns for LCL Cargo FCL Movement Schedule Mode KllMaru Ever Handsome Act 2 Maersk Rando Anson ThanaBhum Jenhol Naval Is Roland Pacific Chevalier Paul Lelse Maersk Macol Ace Oriental Charger Amado Jenwel Kasuga550 words
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Article1255 1982-02-26 21 The leading shipping lines operating from local ports and their agents. *A B V M ***** Singapore Shpg Agencies (S) Euro-Asia Line (PN KL PK) AArtaHe CiiliEn Continental Feeder* (S) Cargo Freight (PK). AF*A Singapore Shipping Agencies (S)/ Euro-Asia Line (PK PN) AIN hn* Um Tranagroup1,255 words
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950 1982-02-26 22 Fairplay A FOUR-for-twelve vessel substitution in the restructured container trade be- tweeu North-West Europe and eastern Canada has provided a sounder basis tor viability for the operators concerned. However, this has meant do great change in overall carrying capacity. This last point was emphasised byFairplay - 950 words
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Article, Illustration394 1982-02-26 22 ARRIVALS KEPPEL WHAEVEB Bunga Tanjong (0630 shifts (after Linyin) 6/7 General adanov (Tanker) (reberths after ong Won sails P/O) 15/16 Johneverett (1700 after Peldn) 36/36 King Bird (0600) 23 Kim Soon Li (after Jenson) 22 Nedlloyd Sinoutskerk (1300 after Sagafjord) 3/4 Putivl (after Queen Elizabeth 2) 46394 words
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Article189 1982-02-26 22 THE MAJOR shipping consortia operating between the Far East/Europe, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAB EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANBO (STRAITS/AUSTRALIA): Australian National line. Australia/Straits Container Line.189 words
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306 1982-02-26 22 THE BATH Iron Works has embarked on a U5546.7 million shipyard expansion in Portland, heavily financed by US state and city money, defying the current recession and a long-term malaise in the American shipbuilding industry. The new facility for overhauling and repairing ships306 words
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Page 13 Advertisements
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Advertisement358 1982-02-26 13 I The r Straits Companies Times Key Personnel! DIRECTORY Agencies Of Singapore I (Buku Merah) 1 \R 1)1X1 I \H J': Orient Overseas h Co*Uai*teA Line FULLY COffTWOSED SERVICE TO EUROPE (KM SUEZ) »S>n PJMmi UMmt* R'4m Fri»w« tftarf M—.tKWONUM 28/2 1/3 19/3 20/3 22/3 24/3 27/3 .MMUB (OS m358 words
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Advertisement303 1982-02-26 13 OSEALORDO UASC UNITED ARAB SHIPPING CO (SAG/ EXPRESS MULTI PURPOSE SERVICES S*p«rt I Loading for Dub* (29/3). febd Aii (1/4). Abu Dhabi (4/4). Kuwait (7/4). Shuaiba (10/4), Dammam (13/4) Dubai (16/4), Abu Dhabi (19/4). Dammam (22/4), Kuwait (25/4). Shuaiba (28/4). Doha 1/5) FULLY CONTAINERISED SERVICE AL MVTM 29 AOMHYAH V.19303 words
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Advertisement374 1982-02-26 13 FOR PEOPLE WHO MATTER MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF, ATLANTIC. EAST CANADA. ASIAN PORTS V—«' |Lonyt>e»chjwi>w Yorfc [PtHladelphutßalmnora [Chart—too lose man LJCA MAERSK LEDA MAERSK LAURA MAERSK ADRIAN MAERSK AIMA MAERSK ABL MAERSK LCUWEKX 1/3 9/3 10/3 23/3 30/3 0/4 13/4 20/4 •SKGAPO* CIOSWG IMS:374 words
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Page 13 Miscellaneous
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Miscellaneous26 1982-02-26 13 LONDON Freights n/m ORIENT Exchange.... n SHIPPING Schedule Vm/K CONTAINER Schedules IX WHO Acts (or Whem IX SHIPS In Pert X REGIONAL Weather X CONSORTIA X26 words
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Page 14 Advertisements
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Advertisement743 1982-02-26 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 0449, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE MM| M fpaa 1) Mm* MM TOYMM 2/j 17/3 5/3 ftOnrST*. J/3 24/3 12/3 JUTUWDM 16/3 31/3 10/3 trOMM 23/3 7/4 21/3 KORMCAN743 words
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Advertisement231 1982-02-26 14 SUPERCARRIER SERVICE rr FROM: US i.i'. —i US ATLANTIC EAST CANADA mt rim 1 TO: PANAMA US ATLANTIC EAST CANADA US GULF IV4 M/ 4 n/* 17/4 V 5 u/» a/s 17/5 V) 2M 2/> V« V» V* TO: CALIFORNIA VENEZUELA EXPRESS CONTAINER SERVICE VI rtl J/J IXI VI l/J231 words
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Page 15 Advertisements
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Advertisement522 1982-02-26 15 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok J QCC Overseas Containers Limited i-ONTAINERSHIP SERVICE TO UK/CONTINENT ftm Lt Hm Slm 11/3 M/ 3 21/3 23/3 14/3 04/4 M/ 4 10/4 13/4 •7/4 M/ 4 14/4 11/4 17/ 4 15/ 4 M/ 4 22/4522 words
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Advertisement599 1982-02-26 15 j-Jg Franco Be/gum Services __M* it' y<l •hr, V, r* I, Ji, rf.r h \< rr; onui na HRUSM awn* chef v f+ lite (Mb 7 Mb 1# Mb 11 MB IS MB II MB 1) Mb 21 MB UNm Itm KWi ntm* I'M* 17Mb II Mb 22lhr 73 Mb599 words
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Page 16 Advertisements
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Advertisement579 1982-02-26 16 Hapag-Lloyd '0 COWI»«NT UK EXPORTS 24/3 6/4 7/4 9/4 13/4 14/4 16/4 TW HK 23/? 25/2 S pore PK Pen Bilbao Genoa H'burg 8 hareri Warn Antwerp 28-? 5/3 28/3 5/4 1/4 30/3 ax EWpManr Cadfcaaßa; l*»B« 1 28/3 30/3 flted Fiprtsi 4/4 27/4 'Connecting m Tokyo AKo accepting cargo579 words
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Advertisement437 1982-02-26 16 p KOREA SHIPPING CORPORATION STORE P Kriant PENANG ALTAR 173N 16-18 Mar 19-21 Mar 22-24 Mar FROM BUSAN BANGKOK ALTAR 174E 1618 Mar 19-21 Mar 22-24 Mar TO BUSAN VEGA 171W 3-5 Apr 6-8 Apr 9-11 Apr FROM BUSAN BANGKOK VEGA 172E 3-5 Apr 6-8 Apr 9-11 Apr TO BUSAN437 words
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Advertisement404 1982-02-26 16 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ftcanwG Fa ict caroo for r "-Mf MtarM. Mm* I. Hm 1,/3 «/> »/i »/i nn IwUckf 4/J 14/3 27/3 24/3 31/3 2/4 3/4 EM M IVI 4/4 1/4 14/4 U/4 14/4 EM U|M M/J 1/4 14/4 lt/4 11/4 M/ 4 21/4 ALSO ACCEFTMG404 words
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Advertisement856 1982-02-26 16 fsmasmß E Varil Burma Five Star Shippina Coron. R I*. Burma Fivt Star Sttippin| Corpn. BURMESE NATIONAL LINE' LOADING rOR RANGOON S>m U4N N*l 1/3 Iter 2/5 Up 1/4 Mr IM t/L?Nv "ARGENTINE NATIONAL LINE" LOADRIG FOR DURBAN MONTEVDEO BUENOS JURES rpan MCTOMA I 3/4 Iter ACONCAOIA 29/31 Apr Tramp856 words
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Advertisement240 1982-02-26 16 OCEAN SHIPPING ENTERPRISES PTE ITO m SANKYO LINE JAPAN/STRAITS TMSHO MMU Ptf E3TKLLA SUM IK NT Ml MMU OUBUHT TMMTOMO MA ma«u«</7* i al'iw"" ra ia *-»7Jz/yrsi mum ink t im—wi in ia emit urn SUN UNION LINE rmm rows iomrx mm OCUM 9MB onenoa ra i» IE 2MIIM/7 Z2tlJ7l240 words
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Page 17 Advertisements
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Advertisement753 1982-02-26 17 PIL GROUP ANNOUNCEMENT PIL S.E. ASIA FEEDER CONTAINER SERVICE PACIFIC INTERNATIONAL LINES, SING APORE, WISH TO INFORM THEIR SHIPPERS AND SUPPORTERS THAT THEY HAVE REACHED AN AGREEMENT WITH NEPTUNE ORIENT LINES OF SINGAPORE TO CEASE THEIR EXISTING CONTAINER SLOT CHARTER ARRANGEMENT WHEN THE CONTRACT EXPIRES END FEBRUARY 1982. P.I.L. WILL753 words
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Advertisement780 1982-02-26 17 I BEN LINE CONTAINERS EXPRESS CONTAMER SERVICE TO/FROM EUROPE TO MOW to* la* Eva Hw*»| Eiprn> Out* Bit L-rM J/3 11/3 H/3 It/3 3/4 "I Ham B M»*r R dam Havre UK ft**? 1/3 M*r 2/4 4/4 5/4 7/4 31/3 Sis IV3 Oufca >* 11/4 12/4 13/4 15/4 1/4 FMM780 words
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Advertisement456 1982-02-26 17 Scan Dutch 9 WEEKLY EXPRESS CONTAINER TO MED/UK/NC/SCAN croi/i/tr s/i r «a i/3 W6OM 4/} U/3 iSTM 15/3 AW* U/3 BMUA22/3 waon»/3 1) iarcMwj Gmm. Latfara 7) i linrfMl. l«*M Cm v A 4 J VI ii < w y ii \i w I »£>lZ>*MI DTMor*. m* Wh* I>.PU, *222456 words
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Advertisement361 1982-02-26 17 OBOUSTEAD SHIPPING AGENCIES BANK LINE wl. i.a«a t .flM i SPORE R'DAM HULL HMSG FORTHBANK 24 Mar 19 Apr 22 Apr 27 Apr Mr Lines U.S. GULF MRECT SERVICE RUIN LYKES (•New Orleans. MoMe. Houston. Galveston) U.S. WEST COAST SERVICE T/S m AORO (Lea* mtf) TTSOK LYKES 17/3 29/3 CHM&ES361 words
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Page 18 Advertisements
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Advertisement755 1982-02-26 18 > K LINE EXPRESS CONTAINER SERVICES TO NORTH AMERICA fezbebkssels* n luuUPMMT M J/J >»3 12/3 13/3 C«|Mt MM iaka.ii JAPAN-STRAITS-JAPAN J/3 V 3 l/l VI 11/3 12/3 i»m a/i a/3 h/i Sport To*jo tefoyi Kobe 7/1 11/3 19/3 21/3 11/3 27/1 21/1 I 25/3 0/4 0/4 16/4 ACCEPT* FQ755 words
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Advertisement530 1982-02-26 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE lm*c tar ios mean sam nmasco, sums nam vancouver. a c Accapta* Fa/Fa Cmtmtn AUSTRALIA EXPRESS CONTAINER SERVICE PMm| S fort 2 Mar 3 Mm 20 Mm Mar 19 Apr 20 V AM S* Also accepts 17 Mm 23 Mar Fran S Apr530 words
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Advertisement379 1982-02-26 18 ft JOHORE SHIPPING LnF 153 JALAN T£NGKU BADAB PORT KEIANG c C SELANGOR MALAYSIA HAJ SHIPPING SDN. BERHAD Express Umtload Service from P Ketang East Malaysia A Brunei P. KELANG Loading tor HAYATI V: 3/82 5/3/12 KUCWNG. SBU HAY ATI 4/82 19/3/12 KUCHMG. SBU HAYATI V: 5/S2 2/4/12 KUCHMG. SBU379 words
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Advertisement531 1982-02-26 18 KORINS MARITIME SERVICES !S Room 601. ICB Building Shenton Way Singapore Tet *****2? *****67 P Kelang Tel *****4 *****5 MIOOLf EAST/RED SEA/EUROPE SERVICES miviivm 5 pore P. Kelang Loadng For KNYARG WO. 13 Saied Dubai Iran NO. 2 10 Mar Afeiandria/Pt. Saad/Bengtua BOJSBON 10 Mar Bandar Abbas/B Khomena SEEPAYAH 15531 words
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Advertisement558 1982-02-26 18 > J» i PTUTJr cm, IKW INTRBSEA (PTE) LTD BREAKBULK SERVICE TO EUROPE/UK S>aw P. Mmi Im*« hr S*ad h Part BOULOQE/rMM/IK (IVOR) FULL CONTAINER SERVICE TO EUROPE/t'X S"C«por« LaadM( tar 30 Mar Mfch/Lanassei/M'saats/ Hwhri/Mterdei/TBery faar* to Baavt/Trtrf/Utatta/TartaK/ A. FDELITY NB 123. Also acceptinf Weiawfru/BafMad nj ALPAC UMESSr 10 S558 words
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Page 19 Advertisements
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Advertisement594 1982-02-26 19 E TO EUROPE/UK (VIA SUEZ): C PAUL 30*+ 28/2 C KO2E 28W 6/3 SSBRDGE 35W 10/3 0 CHEF 2SW 15/3 K CHANCE TH 19/3 TW BUDGE lON 124/3 Also accepting cargo to/from Scandinavia C PAUL S'pore Closing Times: FCL Cargo t LCI Cargo 0400 27/2 1600 26/2 FROM EUROPE (VIA594 words
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Advertisement518 1982-02-26 19 MALDIVE LINES MAUMt 9ACE Loading For Jeddah MALDNE CKST Loading For Hodndah malm* cmmd Loading For Male Loading For Jeddah MALDIVE BTOtTIX Loading For Male MALDIVE PUHE Loading For ieddah MALDIVE nOCD Loading For Jeddah MALDIVE MAGE Loading For Dammam MALDIVE PtDE Loading For Ouba/fo Kuwait HA SPORE 1/3 H518 words
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Advertisement823 1982-02-26 19 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SVtSOV BULDMG 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SMSOV SINGAPORE Telex Numbers RS 213*0 RS ***** RS 2510S r. HUANG PCNANG M/S SNARKAT MM SOON SON. RW IST ANO ?N0 FLOOR KSSRS NM TMONC SHTHN6 23 Qua,823 words
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Advertisement55 1982-02-26 19 •A, MOUNT FAI BMQAPOREM TEL: 2M97M/t REGULAR Fa/La SERVICES TO AUSTRALIA, NEW ZEALAND, HONG KONG 7tk FW, MNB BalMlag, M EiMmh Rml, Slapipft Ml Tel: mrsa (5 Llaea). DIVISION Of T* TUT WOUtWTOf GWUP Of COMPMKS REGULAR FCL AND LCL CONTAINER SERVICE TO: Australia Sydney, Melbourne, Frem&htle, Adelaide, Brisbane Naw55 words
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Page 20 Advertisements
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Advertisement564 1982-02-26 20 'A (Jroup SINGAPORE SHIPPING AGENCIES PTE. LTD «.AD TH FIOOR OCEAN BUILDING SINGAPORE 0104 TELE* RS (^v»VI BI ,N,S GENE RAL *****1 (22 LINES) RS A d CARSHIP «CABLE CARGOSMIP rjjm I't'fiioiml I'Oiatiiiiicr Lines SAIL INGS A WEEK to/from BANGKOK n srai 5/1 Ma 2/3 MB 5/1 MB 5/1 MB564 words
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Page 21 Advertisements
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Advertisement115 1982-02-26 21 mum EGYPTIAN^ INTFRNATIONAL LINE EH EGYPTIAN FLAG D*edt UMEA smvict TO EQYFT (wrt suez portr sad alexandKia) srm nma ntm nam "M* WJM fcU H>» ftr» fell mm win n kfi kfU Caiaa >MMgi Plmn Plmm nwvi i. "o rrm tar» M h I fEi APCLINB f ANQKUTAN 1 CONTAINER115 words
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Advertisement253 1982-02-26 21 AFRO EURASIA LINE S.A. (INC. IN SWITZERLAND) FAR EAST rOAN OCEAN SERVICES Accepting FCL A LCL Containers YW FUNDI 3M» Site 13 Mm 17 Mr a** SIM ««*> 13 tm 17% Aqents. TfIANSGROUP PR'VATE LIMITED FOR BOOKINGS TEL 2702Q1 1, 2 *****1 \VX\ P.T. INDONESIAN ORIENTAL LINES] JAKARTA HW TO253 words
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Advertisement37 1982-02-26 21 3& 1 ETB LINES DUBAI Uu CAROO SPACE AVAMJLRLE ON UNBt VESSELS LOQ SPORE IS/MAR FOR COLOMBO, CHTTTAOOMQ LOO SPORE 7/MAR FOR DURAL HOOEDAH IMMKiI I F KKKK.HT SKKVK KS TEI *****00 *****01 TELEX RS ***** INDGUL37 words
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Page 22 Advertisements
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Advertisement228 1982-02-26 22 Ri rm 7TT r.T> GELDERS SPETRA SHIPPING B V PRACHT (MALAYSIA) Pracht SDN. BHD. RFGUI AM CONTAINER SERVICES TO SOUTH FAST ASIA 8. JAPAN A- T t Mi K ,irj<. t,„ HONGKONG. TAIWAN MANILA COLOMBO BOMBAY KARACHI BANGKOK > t.( pis .lit l il l <<).' «?99 \1 H *****8228 words
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Advertisement262 1982-02-26 22 Are you making full use of the Shipping Times as an effective selling medium? Tel: *****44, Extension 351 For further enquiries coll: Tel: *****2 Ext. 38 or 39 Times Centre (hilSßina TimM Financial Publications Sdn Bhd I, New Industrial Road Singapore 1953. I 31 Jalan Riong, KL 22-03 HEAP SENG262 words
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Advertisement221 1982-02-26 22 w FERKAFALAN LAUTAN MRU SON. BHD. P O 8m J2O Kot* KmMMkj S*t»h WtOULAM IMS MVK3 Sabah Sarawak Bangkok Sngaporr Port Vessels Penang P.Klang Sport LAUTAN TKA 1,1/12 28/2/12 25/2/12 LAIfTAN RAN V.2/S2 28/2/12 1/3/12 LAUTAN EMM 1.2/12 U/3/S2 l(/3/<2 Loadwj lor Kudat. Sandafcan, Tawau KK Tawau T«wrie: SEALION SHIPPING221 words
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Page 22 Miscellaneous
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Miscellaneous175 1982-02-26 22 w Regional Weather 51 ■Xx> V !K 36 a •I < vj r R V rs a H a nA ct c Cf Wto Wind direction with wperi in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LBGEND: R Thunderstorm Temperature °C y Shower Weather175 words
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