The Business Times, 6 May 1982

Microfilm: NL12081
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 THURSDAY, MAY 1982 60 CENTS
    10 words
  • Article
    Co-managers for builders' loan scheme
    295 1  -  By LEE YOKE MENG ANOTHER two financial institutions will be involved in the construction equipment financing scheme. Hong Leong Finance and Oversea-Chinese Banking Corporation, both of whom are already involved in the Government's small industries financing scheme, will be the other co-managers in the Ministry
    295 words
  • Article
    Keppel plans its first convertible bond issue
    256 1 FOR the first time in its history, Keppel Shipyard Limited is planning to make a convertible bond issue of up to a maximum principal amount of US$5O million. Chairman Mr George Bogaars yesterday said Keppel directors have approved the issue of the convertible
    256 words
  • Article
    Seiko watch maker expands operation
    578 1  -  By WONG MAI YUN SINGAPORE Time Pte Ltd, maker of Seiko watches here, is spending $23.8 million on a new building and on automating production. A new five-storey building costing $16.6 million will be completed by July at its 4.8-hectare Marsiling Lane premises. This block,
    578 words
  • Article
    Lock icon American dollar weakens
    161 1 UPI AP THE US dollar weakened against European currencies yesterday and the pound took a beating following a successful Argentine attack on a British destroyer in the Falkland Islands crisis. Gold gained ground slightly in quiet trading. "Gold moved up a couple of dollars in very quiet
    UPI; AP  -  161 words
  • Article
    Insurance firms to gain from health care plan
    412 1  -  By WANG LOOK KEAH INSURANCE companies will stand to gain when the government gradually shifts its health care responsibility to the individuals. It would mean that more medical insurance policies will be bought. At the moment, the insurance industry takes care of
    412 words
  • Article
    US agricultural team coming
    148 1 AN AGRICULTURAL trade mission from the US will be visiting the five Asean countries from May 30 to June 12 to promote American agricultural exports. The team, comprising government officials and private industry representatives, will be led by Mr Raymond Lett, the executive assistant to the
    148 words
  • BRIEFLY...
    • Article
      Lock icon Sri Lankan loan
      96 1 Reuter HONGKONG, Wed. Sri Lanka is raising US$lOO million, increased from an original $50 million, through a syndicated loan. Indosuez Asia Ltd, one of the lead managers, said terms for the eight-year loan specify interest of 0.5 per cent over LJbor for the first two years and
      Reuter  -  96 words
    • Article
      Lock icon MacLehose's posting
      50 1 UPI HONGKONG, Wed. The retiring governor of Hongkong, Sir Murray MacLehose, is expected to become the chief personal assistant to British Prime Minister Margaret Thatcher. The Far Eastern Economic Review, quoting officials in London, said MacLehose's new position will be "chief du cabinet" in the Thatcher government. UPI
      UPI  -  50 words
    • Article
      Lock icon Restoring curfews
      99 1 AFP WARSAW, Wed. Polish authorities, in a move viewed as reflecting official alarm over the most serious demonstrations since martial law was instituted in December, has restored curfews in 12 major cities. The decision to reimpose the curfew was reached yesterday, two days after it was lifted for
      AFP  -  99 words
    • Article
      Lock icon Golkar leading
      70 1 AFP JAKARTA, Wed. Indonesia's ruling Golkar Party captured over 63 per cent of the vote with more than half of the returns in from yesterday's general elections. With more than 55,411,963 votes counted, the army-backed Golkar had 35,121,524, followed by its main rival, the Muslim United Development Party
      AFP  -  70 words
    • Article
      Lock icon Aggressive behaviour
      95 1 AP WASHINGTON, Wed. There is "overwhelming" evidence that violence on television leads to aggressive behavior by American children and teenagers, the National Institute of Mental Health Report said. Its study: Television and behavior: Ten years of scientific progress and implications for the eighties, said: "Both prime time and
      AP  -  95 words
    • Article
      Lock icon More trade reforms
      66 1 UPI KANSAS CITY (Missouri), Wed. The Japanese ambassador to the US has disputed claims that the Japanese market has been effectively closed to US exports and said further trade reforms would be announced this month. "This announcment is expected to encompass a wide range of positive policy
      UPI  -  66 words
    • Article
      Lock icon Government reshuffle
      32 1 Reuter BEIJING, Wed. China's longserving Deputy Foreign Minister, Han Nianlong, has been removed in the latest stage of an extensive government reshuffle aimed at trimming the country's sprawling bureaucracy. Reuter
      Reuter  -  32 words
  • Article
    Lock icon HK raises licence fees on new cars by up to 350pc
    276 1 Reuter THE HMgkMg government, citing what It called a frightening growth In the nnmber tf private cars M the roads sf the overcrowded British colony, yesterday pot np licence fees and duty on new cars by np to SSI
    Reuter  -  276 words
  • Article
    Metro buys third floor of Lucky Plaza
    478 1  -  By SIOW LI SEN IN WHAT could become the trend, Metro Holdings has bought the property on which one of its five retail outlets is located. Yesterday, Metro announced that it had concluded an agreement with Far East Organisation Centre Ltd to buy
    478 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      253 1 1 Car Audio Specialist FUJITSU TEN LIMITED UMKDSZ AFTER three years of commendable profit growth, the Industrial and Commercial Bank has warned of a slowdown in the current year Page 11 SECOND of three articles on crime in New York's construction industry Page THE Australian property market has run to
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    • Advertisement
      Page 1 Advertisements Column 2
      43 1 TheChesaat the Hotel Equatorial thinks highly of a Diners llil) member The authentic Swiss atmosphere and charm of the Chesa among the many exclusive restaurants in Singapore who think highly of a Diners Club member. Call 294 4222 for your application form todav.
      43 words
    • Advertisement
      Page 1 Advertisements Column 3
      49 1 M\c.\h )KI business How Parliament ensures the budgeted $12.4 billion is spent the way it intended UNKNOWN CAR RENTAL COMMNY ABOLISHES MILEAGE CHARGES. At BTW, we only charge you for renting a car. Not for driving it. BTW The car rental company you've never heard of. Phone: *****30,*****24,*****7. (JWT)IO63F
      49 words
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  • BANKING AND FINANCE
    • Article
      Good performance by offshore banks
      413 2  -  By LEE YOKE MENG RESTRICTED and offshore banks here performed creditably in 1980 in spite of the fairly limited scope of operations and keen competition. By the end of 1981, there •were 58 offshore banks here representing every nationality in the world, compared with just
      413 words
    • Article
      Midland forms new trade body
      159 2 MIDLAND Bank has formed a new organisation called Midland Bank Group International Trade Services, bringing together the group's worldwide trade, export, project and offshore services. It is believed to be the largest bank-owned organisation of its kind in the world. Mr W G Barrett, a
      159 words
    • Article
      Lock icon GOLD OUTPUT
      46 2 Reuter SOUTH African gold production rose to 53,610 kilos or 1.72 million ounces in March from 53,010 kilos or 1.70 million in February, Chamber of Mines figures show. Output was down, however, from 55,410 kilos or 1.78 million ounces produced in March 1981. Reuter
      Reuter  -  46 words
    • Article
      UOB raises interest for savings deposits
      174 2 SAVINGS deposits at the Halted Overseas Baak aaw yields aa Interest af 8 per cent, half a percentage point mare thaa Mere. Effective tram tedav, Its deposit rates will be Increased by I to 1.15 percentage points. Its prime leading rate remalas at II
      174 words
    • Article
      Lock icon International business expected to rise
      292 2 AP MANY commercial banks participating in a survey said they expect a faster rate of increase in international banking business than in domestic business over the next five years. Forty per cent of the banks surveyed predicted the increase despite expectations of substantially higher risks.
      AP  -  292 words
    • Article
      Lock icon Regan sees some delay in rates fall
      466 2 Reuter AMERICAN Treasury Secretary Donald Regan said he sees a little delay in interest rates coming down as fast as he previously thought they would. At a Senate appropriations subcommittee, Regan said: "The economy is flat dead in the water, or whatever analogy
      Reuter  -  466 words
    • Article
      Quotation of Singapore Government Stocks as at April 30, 1982:
      639 2 N»nb« MubN Gran Caiman Amount tt dan HMtNci ftaM Matwity Yurltj •Md Rait Paymant of Accniad (•KM* P«) Dates Marest iccnwd Maratt) <1 *a) 15 782 loan 2 972 •5H 23.57 15/1. 15/7 105 •100 50 •294 1 8 80/82
      639 words
    • MONEY AND EXCHANGE$
      • Article
        LONDON
        127 2 STERLING in London yesterday opened nervously but relatively steady against the dollar following the overnight news of the sinking of the British destroyer Sheffield by Argentine action, dealers said. The pound opened at $1.7966/65 and edged up to 1.7960/70, compared with a midsession Hongkong 1.7985/8000, a New York close
        127 words
      • Article
        Treasury bills tender
        43 2 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $150 million 91-day Treasury bills to be issued from May 11 to May 14. Each tender must not be for less than $250,000.
        43 words
      • Article
        Singapore market
        455 2 THE US dollar continued its downward slide against all currencies on the foreign exchange market yesterday. The US currency opened at 552.1Q20/30 against the Singapore dollar, but fell quickly to stabilise at the closing rate of 552.0970/80. latartut ritw tl I §m: One month 2 0885 2 0906
        455 words
      • Article
        Gold
        240 2 SINGAPORE gold futures yesterday closed higher than overnight levels after fluctuating narrowly throughout in thin trading with news of the sinking of a British destroyer by an Argentinian air attack having little effect on the market, dealers said. Total sales for the day was recorded at 123 lots while
        240 words
      • Article
        Silver quotes
        43 2 New York 6 8TB 6 88B 6 MS 6 95S Zurich 6 82B 6 89B 6 92S 6 99S Wed T*m Singapore 6 82B 6 85B 6 92S 9SS Closing prices in US dollars a troy ounce Source: Credit Suisse, S'pore
        43 words
      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.33 per cent.
        22 words
      • Article
        ASIAN $ RATES
        184 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on May 5: US DoUar»(Spoil Offer Btd 7 days 15* 15*4 1 month 15* 15* 2 months 15* 15 3 months 15 14* 6 months 14 15/10 14 13/16 9 months 1413/1614 U/16 12 months 1413/*****1/16 Dm. Sw.FI*. fULUL. Bf-I
        184 words
      • Article
        Discount
        45 2 RANGE of prices offered by discount houses on May 5: Overnight 4% Call deposit* 4% ClMiac Bayiaf Se llia( 3-month Treasury bills 4 3% 3-month Bank bills 913/10 911/10 3 months CO 9 3/10 91/10 0 months CD 9 8H Source: National Discount Co
        45 words
      • Article
        HONGKONG
        151 2 STERLING in Hongkong yesterday was little changed at $1.7960/60 against an early 1.7940/60 after trading in a range from 1.7910/40 to 1.7990/8000. This compared to New York's 1.8030/50 finish, dealers said. News of the loss of a British destroyer in the Falklands dispute had only an initial effect, they
        151 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      343 2 Higher rates of interest for your deposits at Chase Manhattan Bank Rntpv cH(« tiv** May 4 subject to change without notice All deposits are renewed automatically upon maturity, covering both principal ana interest, lor same tenor, at the interest rates prevailing at the time of renewal Your money earns interest
      343 words
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  • TRADE AND INDUSTRY
    • Article
      Sinfin loans for buyers of Leadale condominium
      553 3  -  By LEE YOKE MENG A UNIQUE financing scheme an attractive fixed rate of interest awaits the first 30 buyers of Leadale Property's new condominium near Serangoon Garden. Singapore Finance is willing to provide a loan of up to 90 per cent of the
      553 words
    • Article
      Case studies library to start recording soon
      459 3  -  By RICHARD SEAH THE management experiences of 33 top local companies will soon be recorded and compiled in a library to benefit students and other company managers. The companies, representing the manufacturing, banking, commerce and service sectors, will be the first to contribute
      459 words
    • Article
      Additional air cargo service
      151 3 FLYING Tigers, a leading air cargo airline, «111 Introdiee an additional US scheduled service round trip to the US on May 1«. Originating from New York, the weekly flight calls on Hooston, the major oil lndastry centre in the US, and Chicago euroute to Singapore. The
      151 words
    • Article
      Fitzpatrick's will start QC circles
      334 3  -  By CHAN OI CHEE FITZPATRICK'S will start three pilot quality control circles by the end of this month, with the assistance of EDI Associates, a consultancy firm. About 16 departmental and supermarket managers will be trained as facilitators, with 18 supervisors as circle leaders. Introductory
      334 words
    • Article
      Spice maker to go computer
      257 3 A LEADING spice manufacturer and exporter, Raki Corporation, is to computerise its operations. The move will enable Raki to obtain at the touch of a button the characteristics and profile of each type of spice stored on magnetic disks. The company also plans to use
      257 words
    • Article
      MEMO PAD
      632 3 SEMINARS AND COURSES March 6-May 22 (Saturdays): BASIC programming for Beginners, Waterloo Centre, Department of Extramural Studies, NUS April 2-June 4 (Fridays): Sales Force Management, Bukit Timah Centre, Department of Extramural Studies, NUS April 5-May 7 (Mondays and Fridays): Chinese Architecture, Art and Geomancy, Kent Ridge, Department of
      632 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      294 3 Large Halogen headlights, height adjustable from inside the car. Modem style dashboard with clear instrumentation Deep, orthopaedicalh designed seats, leather upholstered, for hours of fatigue free comfortable dming Large boot space, easily accomodates up to 0.52 cu metres (18.4 cu ft) of luggage All round independent suspension uith anti-roll bars.
      294 words
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  • OVERSEAS
    • Article
      Lock icon Inflation rate of industrial countries falls
      466 4 AP THE rate of increase of consumer prices in industrial countries slowed during the first part of 1982. the International Monetary Fund (IMF) reported. The rate in February was 8.4 per cent compared with 8.9 per cent the month before, it said. The 12-month
      AP  -  466 words
    • WORLD IN BRIEF
      • Article
        Lock icon EEC STEEL TALKS FAIL
        584 4 Agencies EUROPEAN common market countries failed to reach a full accord on extending mandatory production cuts in steel into next year, but agreed in principle that an extension was needed. A statement issued after a meeting of EEC industry ministers on Tuesday said that they agreed
        Agencies  -  584 words
    • Article
      Lock icon Domenici's budget plan with tax increase
      257 4 NYT DEFYING US President Reagan, Senator Pete Domenici, chairman of the Budget Committee, has proposed a far-reaching budget compromise that includes a one-year freeze on social security benefits and most social programmes, and a three-year tax increase of US$l25 billion "I do not rule
      NYT  -  257 words
    • Article
      Lock icon Saudis seem ready to cut oil output further if needed
      364 4 Reuter JAPANESE Internationa] Trade and Industry Minister Shintaro Abe said Saudi Arabia's oil output last month apparently fell below seven million barrels a day and it seems ready to cut further to defend Opee's base price. Abe told a press
      Reuter  -  364 words
    • Article
      Lock icon European spot prices of crude oil hold firm
      189 4 Reuter CRUDE oil and gasoil prices held firm on the European spot market this week against a background of international tension. Market sources in Rotterdam said the latest flare-up in the Gulf War had overtaken the Falklands crisis as a major focus
      Reuter  -  189 words
    • Article
      Lock icon Charter makes bid to take over Anderson
      174 4 AFP A £65 million takeover battle broke out yesterday for Anderson Strathclyde, the Glasgow-baaed mining and industrial equipment group. Making a bid for control of Anderson was the South African-based Charter Consolidated, a mining finance house that is the industrial and financial arm
      AFP  -  174 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      766 5 ARRIVALS Service Local Operator Number Time From MAS MH15A 0020 KUL PAA PA005 0145 JFK/SFO HKG SLA SQ41 0705 MAA SIA SQ101 0805 KUL MAS MH671 0920 KUL MAS MH680 0955 KCH RBA BI421 1000 BWN MAS MHG51 1030 KUL SIA SQ201 1030 HLP CAL CB14 1030
      766 words
    • Article
      Lock icon Japan's surplus not expected to widen
      347 5 Reuter AFP JAPANESE Flaaacc Mlalbtry iffldak have predicted Jkpaa'i earreat Metut surplus will aat widen la April from a I SJW mlJUon smrplas ta March. They <Ud aat cite aay ll*mres bat said Mr predlcOm reflects the assamptiaa that experts slewed last meath while
      Reuter; AFP  -  347 words
    • Article
      Lock icon Stiffer interest rate on export credits possible
      441 5 AFP THE Soviet Union, some of its European allies and relatively affluent developing countries of Asia and Latin America, could face dearer export credits as a result of talks scheduled in Paris this week. Officials of 22 industrial countries, incfuding the United States,
      AFP  -  441 words
    • Article
      Lock icon Fewer expats employed
      369 5 AFP THE move away from expatriate employees to the hiring and promotion of locals has accelerated during the past two years in most South-east Asian countries, according to Selwyn E Andrews, senior vice-president of Boyden Associates and managing director of the company's South-east Asian operations based in
      AFP  -  369 words
    • Article
      Lock icon China expects deficit of three billion yuan
      250 5 Reuter CHINA has announced its plans for national spending this year and said it expected to incur a budget deficit of three billion yuan, about the same as the 1981 shortfall. The standing committee of the National People's Congress (NPC), China's Parliament, approved
      Reuter  -  250 words
    • Article
      Lock icon Poor image of HK goods in Arab states
      239 5 AFP HONGKONG businessmen trading with West Asia received a shock yesterday when they were told that Hongkong products had a poor image in that rich market. Moreover, the annual percentage increase in Hongkong's domestic exports to West Asia is declining and the
      AFP  -  239 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      364 4 Anyone who knows lift trucks fr knows you can't do better than w Hyster. Hyster has a reputation for n quality, durability, performance a and features. n And when benefits like that b are engineered into a lift truck, if s s< likely to be a bit more expensive. R
      364 words
    • Advertisement
      Page 4 Advertisements Column 2
      142 4 OGENERftL LATEST FULL REMOTE CONTROL 4-SYSTEM MONITOR COLOUR TV. This Modal SPN2OI SI cm (20") Colour TV with automatic vottaga salactor is capabla of racaiving four of tha world's major talacasting systams SECAM (B.O) PAL (B.O) NTSC (3.SBMH*) and modifiad NTSC (4.49 MHz) Other features include FULL REMOTE CONTROL The
      142 words
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      153 5 No longer a with GE deli Humidity is the level of moisture in the air. It increases as the air gets warmer. In conditions of high humidity, people suffer from discomfort and moisture-sensitive items deteriorate more rapidly. GE Dehumidifier helps to overcome these unpleasant effects by removing excess moisture from
      153 words
    • Advertisement
      Page 5 Advertisements Column 2
      141 5 Editorial... page I M InternationaL II I v I .0 4. I T\ai International rs you the choice of superb flights from Singapore to Bangkok, everyday. leaves at 8.30 am, giving you a day ahead in Bangkok.l m V: I The convenient lunch-time service departs at 12.40 pm. Our super
      141 words
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  • Article
    Grey area of trade
    442 6 EXPORT CREDITS represent a grey area in international trade. They interfere with free trade, of course, which causes inefficiencies. But they provide •id to developing countries, by subsidising purchases which may stimulate their growth. Export creuits can be costly for the exporting country if they are
    442 words
  • Article, Illustration
    Lock icon SINGAPORE Concrete case of monopoly
    1328 6  -  By SELWYN RAAB NYT ON A spring day in 1980, some of the major builders and union leaders in New York City gathered for ground-breaking ceremonies at Battery Park City. During the programme, Samuel Lefrak, whose company would build the first residential development at the
    NYT  -  1,328 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      105 6 Tomorrow: The law and the racketeers Ja <u m A It s s s I I KOREA SHIPPING CORPORA TION >Mfv^ 1 «C* ll ill x x x I i VANCOUVER SEATTLE BUSAN WM Jf y 4 MM S© HONGKONG A KAOHSIUNG 0 tr Announces the commencement of regular full-container
      105 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      599 6 t I -IM-OIE CROSSWORD tiwnc PUZZLE ACROSS C Flung a broken dish out of •Mhe way (5) Sle makes Joyce a writer 5) <t-Where p in sum. there's •►'tempestuous rain! (7) ICC Cost of a bit of practice cm «Jbe rink? (5) IXMJke the service Roman provide (5) IX-Can they
      599 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      824 6 i In search of meaning THERE will be s choice of two dtrinieiUrles m M ckaaaeto toalgkt. Tiwxrds t,m (Ck 5, «.tt) will brlag a report m the projrrtcd ueifa large wlad geaeratar oa Lonl Howe Islaad which wnM provide same of the Uaa4's eaergy aeeds aad redaee Its depeadeaee
      824 words
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  • Article
    Property mart at a standstill
    1083 7  -  THE Australian property market has run to a virtual standstill since the boom ended a little more than a year ago. Agents in Sydney are finding it extremely difficult to sell an average house one in the middle price range. Some agents have as many
    1,083 words
  • Article, Illustration
    Lock icon Bringing in the 'sheep'...
    954 7  -  By QUEK PECK LIM THE ability to attract and gather together 300,000 people is an achievement more usually associated with rock superstars, politicians and football teams than with Christian evangelists. But come June 2, an estimated 60,000 Singaporeans will assemble each night for five nights at
    Chart from Gospel Times  -  954 words
  • Article, Illustration
    Lock icon Budget lobbyists get a powerful new ally
    856 7  -  By EDWARD COWAN NYT OF THE millions of Americans who watched President Reagan on television last week, it is doubtful that many were as happy as the lobbyists for the proposed constitutional amendment to balance the federal budget. After years of often lonely
    NYT  -  856 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      238 7 Why we participate... "We have just introduced personal computers in Singapore and PerCompAsia 82 is an excellent opportunity for us to tap the market in a big way. In the next five to six years we see the market growing tremendously, especially in Singapore, Malaysia, Indonesia and Thailand." M. Fukomoto
      238 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        239 8 MAY 04 FT* CORBE1LLE Alr-Llqutde 400 4-1 B S N Oervali Danone 1440 Car (ThomaonC»f) 170 6 Cle Francalae des Petroles 131 50 15 Compacnle ftnanclcre Compagnle Oenerale Credit Foncter De Prance 301 >3 Haehette (Libralrte) 418 -7 Machines Bull 28.66 -1 06 Mlchelln (B) 827 w Parlba* Pechlney
        239 words
      • Article
        Brussels
        92 8 MAY 04 fr» FORWARD MARKET Acec 438 -8 Arbed 1380 34 A slur 436 -12 Brtscan 8M -4 Bru-LAmb 1324 -10 CAltpV 100C -18 Cock 196 5 De B««rs 214 -4 Ebes ino -70 Electrobel 4180 -ISO Ob-lnno-Bm 2515 -10 1815 -5 Hobok 3380 4-5 Petro 4820 -10 Ryl
        92 words
      • Article
        Frankfurt
        218 8 MAY M Dm Aet-Telefunken «.«0 -06 Ak*> asaoB *02 A1U Lebtn 1750 00 unch Alls Ver» HAMF Bay H T Wbank Bay Vbank Bayer BBC BMW 477 00 135 10 2irso 254 50 ***** 194 70 XXI20 ♦i 02 05 05 -04 -IJ (uvlli 280 00 Chcm Verw 215
        218 words
      • Article
        Zurich
        186 8 MAY 04 Francs Action* Sulsses MS •1 Alusulsae Br. 510 -7 Alusulsae Ret ISO Brown Bowl Br 1030 Clba Oelgy Br 1285 -S Clba Oelgy PC1005 s Clba Oelgy Rn SM 2 Credit Suuar Br 1730 -S Credit Suisse Rr» 323 -X Eleklrowalt Br 2275 Oeorge nrlwr Br 460
        186 words
      • Article
        Amsterdam
        177 8 MAY 04 Fli ABN 291 50 3.5 Ahold 79 00 -08 Akao 28 40 0.4 amev 89 20 14 Amfu 92 OOB Amrobnk 54.50 0.8 Berfoss Berk Z 28 006 BoU 90.00 01 Borsumtj ***** 1 Burhmann MOO -04 Caiand 34 00 -05 Calve Delft 214.00 -1 Dell MlJ
        177 words
      • Article
        Milan
        99 8 MAY 04 Ure Bastocl M» -> Bel ***** unch Cenlrale Ord 40D -M Com) Acqua Roma ins -10 Ertdanta naoo -256 Flat urn 1723 -B OeneraJI 1X660 -1325 QM 2800 in Prt» me -40 Invest 3600 -40 I talremenll Ord 3saoo -100 llalfu 86# -II Lepeut Ord ***** -3D
        99 words
      • Article
        TORONTO
        189 8 MAY M CS AblUbt 1C unch Alcan 23H Aifom* B -1 Bank Mont 20 unch Bank Nora ScoUa 21* unch Bell Tel 30 Beth Corp BP Can Ltd 31 Rr»*fin 17* Camp Red Lake 14* unch Can Imp Bk 22* Canpac 25* Can par Inv Pf Carting OKeefe ZZ
        189 words
      • Article
        JOHANNESBURG
        282 8 MAY 04 Rand A INDUSTRIALS A Alpha 3566 tS A herconi 310 unch AE And CI 106 unch aMIf! IMA Barlows 836 unch C« Sufar 1000 CNA 610 unch CurrW Finance 246 De Beers Ind Edcon 14* unch Ertgw 9300B +100 Eveready Fed Volk 400b Fuflt MOB Otrtmn Qlenanl
        282 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      187 8 Where to wine, dine and entertain azs: with the American Express Card Buffet Diwr Our buffet dinner special for those who love the perennial local fauourites. Buffet from 6.3# pn% 10.30 pm Satay Chicken Rice Fried Hokkien Mee Sweet and Sour Pork Tahu Goreng Singapore Ro>ak T>o H**tock Road. CO
      187 words
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      Page 8 Advertisements Column 2
      137 8 lubertug tSriU For lunch. For dinner For a richly rewording experience. Als' BusirifsNmt'n s I u-ii h M< utii.iv i ru).lv. >22 :>U s t -r*. f .'V'. t «•>.. Irtvarvsv H ts'fift.' Hiitli' Saturcidi. >22 •>" I<' > h.v. K <"«. i<»l Sundciv. I firni' v Hru:i; t 524
      137 words
    • Advertisement
      Page 8 Advertisements Column 3
      274 8 The perfect end to a romantic drive. H t s 1 H S I 'I^l The >ca gently laps the palm-fringed shore. Bourgainvllhicn cascades a riot of greenerv. Tlk- nir is heavv with the scent ot j-vrfumed flowers. Sift, romantic music surrounds wu as\ou drive to a verv special place.
      274 words
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      Page 8 Advertisements Column 4
      174 8 When you dine, dine Cantonese. i •v X o o 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. A.id a standard of service that's exquisitely Hilton. So come. The stage is set
      174 words
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      Page 8 Advertisements Column 5
      148 8 ft This is Thai Seafood at it* authentic best So tresh. it could have been alive 15 minutes before coming to your table. N was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen. Siamese Seafood Restaurant tXI^rXTH Oxley Rise/Penang Road. Singapore 0923 Tel *****11
      148 words
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  • RAW MATERIALS
    • Article
      Produce exchange
      172 9 CHINESE Pnditt Eickugt, Stagapere, cMag prices per 1M kg yesterday. CwNit «11: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. C«prm: Mixed (loose) $50.00 buyers. Pepper: Muntok white pepper fob Asta NLW $370.00 seUers, Sarawak white pepper faq
      172 words
    • Article
      TEXTILES
      196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Csttsa yam: China Blue Phoenix 20s 2,420 32s 2,960, 40s 3,130 (per bale of 400 lbs). Piece |mJi: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      196 words
    • Article
      SOYBEAN
      214 9 SOYBEAN futures in Chicago on Tuesday closed mixed, with spot May up 4'/« cents a bushel and deferreds off as much as three US cents. Traders said light country movement of soybeans and consequent tightness in the cash market kept nearbys firm relative to deferreds. Commercial stopping of deliveries
      214 words
    • Article
      RICE
      217 9 SINGAPORE: Yesterdays closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.10, 100 per cent second class 0.92, 100 per cent third class 0.88, 25 per cent ntw crop no stock, B-10 per cent 0.81. THAI BROKEN A-super 0.65. Special 0.56.
      217 words
    • Article
      PALM OIL
      133 9 THE Kuala Lumpur crude palm oil mrket yesterday firmed in late active trading on covering in nearby positions, dealers said. In May, central and south gained M|7.50 to $960 and $962.50 a tonne respectively. In June, central rose 112.50 and south 17.50 respectively to J952.50 while north was
      133 words
    • Article
      WHEAT
      230 9 WHEAT futures in Chicago on Tuesday closed 3V4 to VA US cents a bushel higher, supported by heavy local and commercial buying. Traders said prices rose partly on recent purchases of wheat by China, as operators expect it to follow normal practice and make further purchases soon, professional selling
      230 words
    • Article
      LONDON MARKETS
      847 9 COFFEE: Robusta coffee futures yesterday at midday were at or near the morning lows with the July contract down £13 while forward untraded contracts were nominally above Wednesday's close. Morning trading was quiet with volume of 795 lots including four options and 69 self trades. Dealers said lower
      847 words
    • Article
      Prices close higher in active trading
      1254 9 NEW YORK STOCKS STOCK prices in New York on Tuesday closed higher in fairly active trading and analysts said investors were encouraged by the market's ability to absorb the escalation of hostilities in the Falkland Islands dispute. The Dow Jones industrial average was on
      1,254 words
    • Article
      Straits Tin
      80 9 THE STRAITS tin price in Penang yesterday held steady for the third trading day at M$2M« a kilo, still within the ITA lower range of $21.15 and $32.M. Dealers said the steadiness reflected buffer stock manager support at this level and by improved demand from local and overseas
      80 words
    • Article
      CLOSING PRICES
      32 9 Rubber May 5 Singapore: May: 186.00 cent* (down 3.50 cents) Malaysia: May: 199.00 cents (down 3.50 cents) Tin: M 529.40 per kilo (unchanged) Official offering: 225 tonnes (down 17 tonnes)
      32 words
    • Article
      RUBBER
      164 9 RUBBEIR prices in Singapore yesterday closed slightly lower with May One RSS buyers quoted at 186.00 cents per kilo, down 3.50 cents from Wednesday's close, dealers said. Morning prices were marked down slightly and afternoon prices were little changed until after the close when prices Improved slightly on some
      164 words
    • Article
      RAS PRICES
      361 9 RAS prices In cenu per kilo yesterday. PIM lat. 1 R.S.S. prompt f.oJ lat 1 R.S.S May lat 1 R S S Juat lat 2 R.S.S. UK/Coat lat. 3 R.S.S UK Coot lat. 4 R.S.S. UK/Caat. lat 5 R.S.S UK/Coat (per kilo) rv. c.n twym jfiini b 182
      361 words
    • Article
      SSR and SMR
      102 9 NOON 98R aad Ml SMRprinjHl ■rd«jr May Jw— KUTWU ■tkl llara (farwai* MUI Biytrt Salter* SSR 20 (1-Iob paliatl 161 00 1MOON 162.00 164 OON SSR 50 MBILB (1-taapaMrt) 1M.00 May K1.00N 1».00 1*1 OON SMRCV ll-tapOM >00.00 202.00N 202.00 204. OON SMRL <1 ton palM *>IJ0
      102 words
    • Article
      Lock icon US decides to impose sugar quotas
      607 9 NYT PRESIDENT Reagan agreed on Tuesday to impose quotas on sugar imports as a means to avoid stockpiling domestic sugar under the price support programme that he accepted last year. The effect of the new quotas will be to force consumers to bear the
      NYT  -  607 words
    • Article
      Lock icon Tea earnings decline
      143 9 UPI MAJOR TEA producing nations said on Tuesday their export earnings have (alien 30 per cent over the past decade because of Inflation and lower world market prices. The 17 producers, accounting for 96 per cent of global net annual exports, called (or an international agreement to
      UPI  -  143 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      18 9 restaurant Try our sumptuous delicacies from the Hunan Province. Renovated additional new car park now ready for use
      18 words
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      Page 9 Advertisements Column 2
      281 9 What the market says... "Personal computers are definitely here to stay in Singapore. Most professionals like myself are already using advanced equipment including personal computers. PerCompAsia is an excellent means of seeing what is available. We will be looking forward to visiting the show." Pang Ee Ang Managing Director Colosseum
      281 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1448 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. BECTION ONE INDUSTRIAL COMMERCIAL Aeat (2.743) Allied
    1,448 words
  • Article
    Unit trusts
    195 10 SINGAPORE UNIT WJR Cimw' prim tar May The Commerce 3.01 3.10 The Saving* Fund I D 1.77 S pore Prog Fund 1.J0 136 S pore Sec Fund 100 110 S pore Invest Fund 100 1.13 S'pore Equity Fund I X 1.31 AAA UNIT ntUST (M«—gwi' prim tar May
    195 words
  • Article
    SHARE INFORMATION SERVICE
    2865 10 Gr*s Gr*s Net 1882 Last Div Div Y'ld P/E Vol Day High Low Company Sale +or- Cvp COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 306 247 Aetna 270 14.5 3.2 5.3 9.6 Alcom 115 3.7 0.5 3 2 104.5 233 172 Allied Choc 188 7.0 2.6 3.7
    2,865 words
  • Article
    In Kuala Lumpur
    1663 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUSTRIALS Una (1 258 1.275) (2) 1.27 1 26 xd A Cher
    1,663 words
  • Article
    COMPANY MEETINGS
    150 10 UNITED Overseas Bask Limited: Fortieth AGM to be held at the Board Room of the company, 28th Floor, UOB Building. No. 1 Bonham Street, Raffles Place, Singapore 0104 on May 6 at 12.30 pm. UNITED Overseas Fls>at< Limited: Fifteenth AGM to be held at the Board Room of
    150 words
  • Article
    Share index moves up 2.41 points
    832 10 A SMALL ranker af bayers rrtrned to the stork market yesterday, plekiag ap stocks which k»i drifted tower la the precediag few days. Aad la llae with the slightly higher etoee to meet share pviees, the Straits Times ladastrial Index maaaged a Ml-point gala
    832 words
  • Article
    Stocks rally in Kuala Lumpur
    521 10 THERE was a distinct turnaround in sentiment on the Kuala Lumpur stock market yesterday as prices rebounded to close with fair gains. Total business done increased to 3.274 million units worth MJ***** million. This was against the 2.584 million units valued at $9.12 million on
    521 words
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  • COMPANY NEWS
    • Article
      Hong Leong's Hume offer said to be fair
      530 11 HONG Leong Company (M)'s cash offer for the minority shares of Hume Industries (M) has been described as "fair and reasonable" although Hume shares may also be worth retaining for long term interest. Advisers to the minority shareholders, UDA Merchant Bankers, reckon
      530 words
    • Article
      ICB expects slowdown in earnings growth
      467 11 AFTER three years of commendable profit growth, the Industrial and Commercial Bank Ltd (ICB) has warned of a slowdown in the current year. In his latest annual address, chairman, Mr Tan Pee Cee said that since its three years of operations as a publicly
      467 words
    • ASIAN STOCKS
      • Article
        Market ends easier
        336 11 HONGKONG STOCKS IN Hongkong yesterday closed generally lower with early gains pared by late profit-taking, with volume subdued in yesterday's half-day trading, brokers said. The market was featureless with investors awaiting fresh indications. The Hang Seng index closed off 3.16 points at 1,316.20, after being 4.11 up
        336 words
      • Article
        Sydney stocks finish dull
        303 11 PRICES IN Sydney yesterday eased with local and overseas traders remaining cautious despite improvements on foreign markets, brokers said. At the close, the AllOrdinaries index was down 2.1 points at 496.6, the industrial marker fell 1.1 points to 652.9 while resource stocks lost three points to
        303 words
      • Article
        Manila
        185 11 THE Manila market yesterday closed mixed with commercial industrial and mining easiers and oils firmer, dealers said. Turnover rose to 1.9 million pesos from Wednesday's 1.1 million pesos. Gainers were Baguio Gold which closed at 0.0014 from 0.0013, Basic Petroleum at 0.012 from 0.0115, Oriental "B" at 0.04 from
        185 words
    • Article
      Penthouse unit to be sold
      96 11 AMBASSADOR Hotel Ltd has agreed to sell its wholly-owned Penthouse Restaurant Pte Ltd to Mohan Departmental Store for $220,000. Penthouse Restaurant, located in Holland Road, has a book value of $100,000 and was contributing positively to Ambassador's profits last year. The sale of Penthouse comes
      96 words
    • Article
      COMPANY BRIEFS
      146 11 SHAREHOLDERS of Ia*l*MftUyaU Textiles BM have approved the issue of two million new shares of MJ1.00 each to M/S Flowersong Aktiergesellschaft. Switzerland in discarge of a $2 million loan debt. The share issue is, however, still subject to the approval from all relevant authorities. Shareholders also approved the
      146 words
    • Article
      Ayer Hitam sets up property unit
      148 11 IN a diversification move, Ayer Hitam Planting Syndicate Bhd has incorporated a property development company. The wholly-owned subsidiary, Ayer Hitam Development Sdn Bhd will have an authorised capital of Mslo million. The company will develop properties in line with Ayer Hitam's objective to diversify
      148 words
    • Article, Illustration
      April lends support to investors' confidence
      859 11  -  WIS JJs By NAJEEB JARHOM A FEW visible signs were already there in April to lend support to investors' growing confidence that the foundation for a slow, yet steady, rise in prices at the Stock Exchange of Singapore had been laid. Even the uneasy
      859 words
    • Article
      Raleigh expects higher profit
      447 11 RALEIGH Cycles (Malaysia) Bhd's pre-tax profit is expected to amount to some MJ750.000 for the current year to Jan 31. 1963, barring unforeseen circumstances. This would be an improvement over the group's unaudited pre-tax profits of only $267,339 made in the last financial year. Raleigh's earnings
      447 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      85 11 JOJOBA PLANTATION INVESTMENT A limited opportunity to porticipote in a Jojoba Plantation Development and receive title to your own land in Paraguay. The Plantation would be managed by a reputable agricultural company in California leaders in the development of the jojoba plant. To learn more of the jojoba's potential and
      85 words
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      Page 11 Advertisements Column 2
      163 11 Remember The Conference That Left You Breathless: Imagine, on the very day of the conference, you discovered that there were more guests attending the opening reception than you expected. And you were obliged to accommodate all these extra people. If not for the spontaneous gesture of The Merlin hotel staff
      163 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      161 12 Rises O C B C 910 31 Bertulai M B V Hldg. 710 366 30 14 M M C 287 14 Perils Plant 404 12 O U B no 10 Sel Properties MO 10 m'WI 8h p 430 396 10 10 C C 280 9 PMC 354 8 Tranamareo
      161 words
    • Article, Illustration
      KUALA LUMPUR
      167 12 Rises E and A I 800 +60 Berjuntai 780 25 T Langat 1000 20 C Sugars 1390 20 M U I 436 18 M M C 316 14 NBT 239 10 A A ma] 690 10 Tronoh 910 10 Cand C 302 8 M B F 392 8
      167 words
    • Article
      Selected indices
      50 12 FINANCIAL TIME8 INDUSTRIALS Tuesday 584.2 Monday closed Week Ago 570.2 DOW JONES AVERAGE INDUSTRIALS Tuesday 854.45 Monday 849.03 Week Ago 852.64 H.K.HANG SENG Wednesday 1318.20 Tuesday 1318.36 Week Ago 1289.65 AUSTRALIAN INDUSTRIALS Wednesday 652.9 Tuesday 654.0 Week Ago 654.5 ALL ORDINARIES Wednesday 486.6 Tuesday 488.7 Week Ago 505.3
      50 words
  • Article, Illustration
    Promet steps up offshore oil servicing
    305 12  -  By CHOO AI LENG RIG-BUILDING and construction group Promet Bhd has taken yet another step to improve its offshore oil servicing capabilities in Johore. Having just set up a MJ2SO million fabrication yard in that Malaysian state, the company yesterday announced the acquisition of
    305 words
  • Article
    Hwa Hong in the red again
    273 12 HWA Hong Manufacturing, which is currently the target of a takeover, has again slipped into the red. For the year ended Dec 31, 1961, the group suffered a pre-tax loss of $1,491 million, half of which was incurred by its Batu Pahat associate. Hwa
    273 words
  • COMPANY BRIEFS
    • Article
      UNITED Engineers Ltd
      90 12 said yesterday that it has bad approaches made by various parties concerning its 44 per cent stake in United Engineers (Malaysia) Bbd. As they were just approaches, UEL said that no useful purpose would be served by making a public announcement whenever such an approach is made.
      90 words
    • Article
      MISS Chang Lee Sian
      128 12 daughter of the late Mr Chang Ming Thien, has been appointed new chairman of Faber Merita Malaysia Bhd. At the same time, the late chairman's second son, Patrick Chang Chen Tsong, was also made a director. Miss Chang was incorrectly mentioned as the late Mr Chang's
      128 words
  • Article
    Kevin Hsu cuts stake in Sealion
    144 12 KEVIN Hsu, owner of Cockpit Hotel, has reduced his interest in Sealion Hotels from 30 per cent to 16.72 per cent. Sealion, which owns the Hyatt Regency Singapore hotel, yesterday informed the Stock Exchange of Singapore that one of its substantial shareholders, Vinke Enterprises,
    144 words
  • Article
    LONDON STOCKS
    740 12 LONDON, Wed. The market was weak today after the overnight sinking of a British destroyer by the Argentine forces, dealers said. Gold shares drifted with the bullion price. Closing middle prices of selected stocks, excluding stamp duty, were: King A Shaxson, Overseas Gems Income Portfolio: Bid 105.58; Offer
    740 words
  • Article
    King's rights issue
    144 12 KING'S Hotel's one-for-five rights issue has received acceptances of up to 99.9 per cent of the new shares to be issue. Yesterday, its merchant bankers, Morgan Grenfell (Asia) Ltd, said acceptances for 9.54 million shares representing 99.9 per cent of the 9.55 million new shares to be
    144 words
  • Article
    Cycle's ADR facility
    79 12 INVESTORS in the US can now participate in the equity of Cycle A Carriage through American depository receipts (ADRs). Such a facility for shares in the company has been established by Morgan Guaranty Trust Company of New York. Morgan Guaranty's New York office will act as the
    79 words
  • Article
    Matsushita to give 1-for-2 bonus
    203 12 MATSUSHITA Electric Co (Malaysia) Bhd Is rewarding shareholders with a geaeroas one-for-two boons issue In spite of lower profits far the year eaded Dec 31, IMI. The campaay, a maaufactarer of caasamer darables, yesterday reported a i.i per cent drap la groop pre-tax earnings ta
    203 words
  • Article
    LATEST
    85 12 ESSO Malaysia BM's pr*flt after tax far IMI tram petreleam aad ammaala sperattaas wai MJCU millica ($37 mlUian la 1IM). Tatal sales amaaated ta $1.53 billlaa ($l.ll Ulhaa). Dlreetsrs have reesmimM a flaal dlv Mead sf M reeai, msHag a total sf per eeat far tke year (Ci per
    85 words
  • Article
    Lock icon Rights, right? Wrong!
    604 12 flam *****... by HOCK LOCK SIEW THE STRONG performance of Prsmet's share price lately is linked, according to speculators, to a rights issue. While there is no denying that Promet needs the extra dollars millions of them to finance its MJ2SO million fabrication yard in Johore and
    by HOCK LOCK SIEW  -  604 words
  • Article
    Lock icon Dow Jones advances
    98 12 AP NEW YORK, Wed. The stock market advanced slightly this morning, adding to the gains of the past three sessions. TTie Dow Jones average of 30 industrials rose 1.81 points to 856.26 in the first half an hour. Gainers took a 4-to-3 lead over losers in the
    AP  -  98 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      82 12 Dining at Raffles Enjoyable, unobtrusive, romantic For business or for pleasure PALM COURT Dine by candlelight in a charming garden setting ELIZABETHAN GRILL Fresh SEAFOOD specialities Succulent ROASTS from the SILVERWAGON Luncheon buffet on: SUNDAYS: TIFFIN CURRY THURSDAYS: RIJSTTAFEL Let's meet at Raffles! Please call us. Tel: *****41. UFTMG? 1
      82 words
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      Page 12 Advertisements Column 2
      278 12 TO* *0 JAPAN Strong as a Fortress. SEEING IS BELIEVING!! Top Quality From Japan At Unbeatable Price Tocabi STRONGLY RECOMMEND YOU TO COMPARE ITS QUALITY WITH ANY OTHER BRAND BEFORE m YOU MAKE YOUR RIGHT CHOICE H1451 x W674 x [>595 HI 148 W691 x 1)595 H964 x W563 x
      278 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      65 12 OUTLOOK for Singapore today: Fair in the morning, with showers in the afternoon and fair again in the evening. Report for 24 hoars prior to pm on May 5 at the airport: Maximum temperature 31.9 Associated humidity 71 Minimum temperature 26.2 Associated humidity 94 Hours of sunshine 7.90 Rainfall in
      65 words
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  • SHIPPING TIMES
    • Article
      Lock icon VLCC market may pick up in four years' time
      428 13 AFP A HONGKONG shipping tycoon has predicted that the very large crude carrier (VLCC) market, which has been depressed at present, stands a chance to make a turnaround sometime in 1986-87. By 1985, a lot of the VLCCs will be up
      AFP  -  428 words
    • Article, Illustration
      Neptune Orient consolidates its operations
      685 13  -  By JUNE LIM NEPTUNE Orient Lines is consolidating its shipping operations in the face of the current depressed shipping market. In the company's annual report for 1981, Mr Michael Wong Pakshong, chairman of NOL, said: "The industry faces a period of low freight rates and
      685 words
    • PORTSIDES
      • Article
        New box rules
        113 13 THE American Bureau of Shipping (ABS) has issued Change Notice No. 1 to its Rules for Certification of Cargo Containers. The changes, which take effect on May 17, were approved last year by the ABS Special Committee on Cargo Containers and the ABS Technical Committee. Included are
        113 words
    • Article
      INDEX TO ADVERTISERS
      673 13 Shipping Use Page Cat Shipping Line Page Cat Achipclego Shpg VTU Afra VTU A11 trans VH Alpac VI Anfouvt IX An tar* Shpg V APC Line DC APL m Argentine IV ASCL m Ada Merchant VI Austasia Line V Australian Coat VI Bait-Orient VH Baltic DC Bangkok
      673 words
    • Article
      Lock icon LONDON WEEKLY FREIGHTS
      750 14 AFP ACTIVE grain chartering developed last week on the freight market, backed by an increase in sugar and fertiliser fixtures. Rates turned firmer for the larger vessels in the main trans-Atlantic grain trade in the United States and Europe, but were unchanged elsewhere. In the h case
      AFP  -  750 words
    • Article
      NKKto study LNG system
      181 14 NIPPON Kokan Kaisha, in cooperation with Sulzer Brothers, is studying the economic parameters of an LNG carrier equipped with a reliquefaction system. It is specifically studying the assembling of a motive power source and the arrangement of a compressor for reliquefying boil-off gas during navigation. Sulzer
      181 words
    • Article
      Cast threatens North Atlantic trade rates
      761 14 A NEW rate-war in the North Atlantic container trades has been threatened by a revitalised Cast, whose market share has been halved. Mr Frank Narby, Cast's mentor, believes the group can recover its lost business within a couple of months. Cast has increased its
      761 words
    • Article
      Lock icon China sets up organisation for building sector
      190 14 AP CHINA has abolished the Sixth Ministry of MachineBuilding and set up a new organisation to streamline its shipbuilding industry. The official Xinhua News Agency said that the New China Shipbuilding Corporation is "a unified shipbuilding authority with the responsibility for planning and
      AP  -  190 words
    • Article
      LONDON FREIGHTS
      1550 14 CHARTERING was rather quiet on Tuesday but with rates generally holding about steady. Grain charterers arranged cover from the US North Pacific to South Korea at U5510.35, while a vessel from Bale Cornea u to North Spain paid 913. A rate of IS was paid for 17,500 tons
      1,550 words
    • Article
      Lack of marine instructors hampers Philippine industry
      462 14 THE LACK of capable Instructor* In the Philippines' leading maritime schools is hampering the development of the m«nn<ng industry and may eventually hurt the shipping industry. Jacob Rosenthal, one of the two consultants sent over to the Philippines by the Inter-governmental Maritime Consultative
      462 words
    • Article
      Lauro's short-term debts
      286 15 ACCORDING to Italy's Under-Secretary for the Mercantile Marine, the Lauro shipping group still needs about US$33 million for short-term debts and outgoings, notwithstanding the US$5.7 million that has already been allocated by the inter-ministerial committee concerned. In answer to a question tabled in parliament, Sr Patriarca stated
      286 words
    • Article
      Lock icon Increase in cargo handled for Port of Madras
      297 15 AFP THE SOUTHERN Indian port of Madras handled 141,100 tonnes of container cargo last year, a 66 per cent increase on 1960, and is poised for a 100 per cent rise in container traffic next year with the first stage of a
      AFP  -  297 words
    • Article
      Seoul owners seek aid over surcharge
      110 15 KOREAN shipowners have called on their government to take immediate action to settle a reported discrimination by Canadian ports against Korean flag vessels by levying a 20 per cent surcharge on regular port dues. According to the Korean Shipowners' Association, a revised Canadian shipping
      110 words
    • Article
      More financial aid for shipping in Singapore
      546 15 SINGAPORE provides comparatively more sources of financial assistance to its shipping industry. Many private banks in the country are more aggressive in seeking ship financing opportunities than their Asean counterparts. According to a report on ship financing for Asean presented at an Escapsponsored
      546 words
    • Article
      LLOYD'S NEW OFFICE
      76 15 LLOYD'S Register of Shipping has recently established an exclusive office at Muscat in the Sultanate of Oman to carry out survey work in all parts of the country. In addition, the Muscat office deals with requests for surveys on ships anchored off the Omani coast. RCB Hollis,
      76 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      4995 20 SHIPPING LIST where your ships are due and when 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
      4,995 words
    • Article
      Container Schedules
      642 21 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Takarl II Oriental Maru Ace Concord Ever Handsome P. Johnson Glory Ace Tambang VII Sovereign Accord Korean Chance Ever Vigor Cecllle Maersk Ever Promoter Asian Princess Johore B Swire Star Zim Kaohslung Anson Takarl II Prase tia
      642 words
    • Article
      WHO ACTS FOR WHOM ...
      1820 21 WHO ACTS FOR WHOM The leading shipping lines operating from local ports and their agents. A B Arkipeieg* Shpg Singapore Shpg Agencies (S) Euro-Asia Line <PN KL PK) Adriatic (Mtilarr Continenul Feeders (S) Cargo Freight (PK). AJTA Singapore Shipping Agencies (S) Euro-Asia Line (PK PN) Urt-KinaU Use Transgroup Pte Ltd
      1,820 words
    • Article, Illustration
      Lock icon More container traffic through Zimbabwe
      1165 22 Lloyd's List VITAL port, shipping and other transport problems affecting Zimbabwe's future economic growth are being successfully tackled. In spite of the slowdown in Zimbabwe's economic growth last year, the 1981 figures were still "far above most African and, indeed, European indices," concluded a recent
      Lloyd's List  -  1,165 words
    • Article, Illustration
      Kuala Belait's new floating dock
      246 22 KUALA BELATT will launch its i floating dock soon. The new dock, which is capable of handling vessels < up to 100 feet long and weighing 100 tonnes, is being built in the Tanjung Rasau yard of the company from a i design bought from
      246 words
    • Article
      Operators concerned over losses in UK/ Continent trade
      437 22 OPERATORS on the regular UK/Continent lines are getting seriously concerned about the losses incurred through a growing imbalance in the trade. The United Kingdom is currently sucking considerable volumes from the Continent and there is no corresponding amount going the other way.
      437 words
    • Article, Illustration
      SHIPS IN PORT
      613 22 ARRIVALS KEPPEL WHARVES Barber Terrier (1200 after Barber Toba) 47 Builder (0700) 22 Cherry Bagus (0700) 29 Dimoa Hak-oussis (0630 after Kota Jan hauls) 8/9 Erin* I (Tanker) (after Seven Shoun, P/O, subject gas tree) 15/1« Feng Qing (after Pacific Ocean) 46 Feng Mao (after President Jackson)
      613 words
    • Article
      The Consortia
      183 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/EUBOPE): 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
      183 words
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      Page 13 Advertisements Column 1
      622 13 HEUNG-A SHIPPING KOREA FLAG VSLS Regular Liner Semi-Container Service To: P.Keteng/Kedunf/Buun/lnchon Fm: Busan/H.Kont/Banfkok Tel S'pore: *****11 P.K. *****4, PN *****5 K.L. *****0 n \KIM\I I Ml HSEALORDUI 5 ORIENT OVERSEAS Co*ilcu*teA. Line FULLY CONTMOSED SERVICE TO EUROPE (VIA SUEZ) rSSt VBESI LeMww Mm H>» 2/6 3/6 5/6 7/6 7/6 8/6
      622 words
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      Page 13 Advertisements Column 2
      15 13 oJ> I^ll tun ft i Jul 2 Sea SE Land Customer B«nric«/Booking 722X222 Terminal ******0
      15 words
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      Page 13 Advertisements Column 3
      498 13 <J>cnan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents unipacific nuua t tmiim AS€NCT PTE Lit Tel: *****4 (5 lines) SINGAPORE E3 n*r MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF. ATLANTIC, EAST CANADA, ASIAN PORTS Peiutng zaszai 10-11/* 17-11/5 24-25/5 31-1/8
      498 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      793 14 FAR EAST/EUROPE CONTAINER SERVICE 7/5 N. DCJMA 4/6 JUTIAMM I) Gbar| 2) lftoir| 3) B'»w 4) S)UH Sated Satod Sated Salad Sadad Sated Sated Sated Sad* Sated Sated Sadad Sated Sated Sated Sated Sated 7/5 9/5 14/5 16/5 Sated Sated 10/5 12/5 17/5 U/5 MM kc^fr ,1) brcteont. Genoa. 2)
      793 words
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      Page 14 Advertisements Column 2
      165 14 BBS SUPERCARRIER SERVICE FROM: U8 GULF US ATLANTIC EAST CANADA E9LUL3I ll' T l. 1 hU faM 5/5 W5 U/5 c v 1« IM W W U/5 a/5 a/5 a/s a/5 1/12/54/57/5 I 111'^ w» TO: PANAMA lt/5/C "■AWSEW TALISMAN" n/S/K. "■AMU PERSEUS" 2/l/tt "SAIWE* MEN r~.at, mm) U8 ATLANTIC
      165 words
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      Page 15 Advertisements Column 1
      1051 15 I mm The Straits fggjg Steamship Group Overseas M B m Containers Vlmm Limited WHM STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Containership Stnrice To/from thmfcofc stom nor husks fw imn ii-UNr m-ismt Ktt»nK in» *rt 2122 M? Singapore to Sabah, Sarawak mi Brunei Mmoi ksam tamo
      1,051 words
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      Page 15 Advertisements Column 2
      324 15 rtg Franco Belgian Services tß* y h'tr .I-hv If I.''. Mr. /-.if s'» r»: I'r act o«',ot' l C.M.C.R. Op/orp Shipping Pte. Ltd. Port ifc'W rwtahnt, J»,m 56?593 S'SfcCl P»ninq63?4S •uii E L M A 11 J#T 1 t VPR6SA UNtAS MAHITIMAS ARGENTINAS IARGEN T INE NATIONAL LINE) 4 g»"'l
      324 words
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      Page 16 Advertisements Column 1
      553 16 Hapag-Lloyd I (0 CONTNNI UK Toka Eiprtu (OMm by Cartfgan Bay buna largs Bay Fratatat E iprns EXPORTS 1 31/5 2 6 8 6 10 6 15/6 17/6 24/ C 26 6 i/? 3 n B's 10/5 B haaen Rdaffl Antwerp 3/6 4 6 12'6 136 196 206 ?it n
      553 words
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      Page 16 Advertisements Column 2
      355 16 p K!iT.l, KOREA SHIPPING CORPORA TION STORE P. Kelang PENANG AUAflt 175N S-9 May 10-12 May 13-14 May FROM BUSAN BANGKOK ALTAR 176 C S-9 May 10-12 May 13-14 May TO BUSAN VEGA 173* 5-7 June S-10 k« 10-12 ki* fMMHUjSAN VEGA 174E 5-7 June 1-10 June 10-12 June TO
      355 words
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      Page 16 Advertisements Column 3
      502 16 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCEPTMG FCL ft ICI CARGO FOR Spa* MM HmAi>| lihilm It Hi«r« (.•ftp. 4/5 71/5 31/5 7/t 4/8 5/t ladif 17/5 «/5 t/t 14/t U/( 14/4 15/t Imt MM H/i It/t 14/4 79/4 77/4 73/1 also accotng ia/?a i Fa/Fa to gotkmuk. uuntis cohmmgu.
      502 words
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      Page 16 Advertisements Column 4
      950 16 Everett Lines HTOtm* 10/12 lb» nm 20/22 my PAGAN M/ll MM BFS S C Agents m Mokiyva BOUSTEAD SHCPt<(G TEL NOS KL *****4/*****7-PKELANG *****1/8 PENANG V|hii«i D« In mini- SAtlf. *****1/8 "ARGENTINE NATIONAL LINE" LOADMG FOR DURBAN MONTIVDEO BUENOS WES ACONCAGUA 7/tMay WCTOWAI 29/30 May CyS Transport aaon Marrtima Maxicaaa
      950 words
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      Page 16 Advertisements Column 5
      361 16 SI NOSE MARITIME PTE LTD IO SANKYO LINE JAPAN/STRAUS SERVICE aeons smutok sacs mwmc rn in> TQ 144/7 ft *****7* Klttuiun* CAST ASM SVftß SOU M TH 484(44/4847*1 rati KaMK usr asm smmt m m TQ 3» J732/3/7251 PDMNE mUTSM TMK ft IRMOPORT LIB ID. «7tU ft (3725 KM asewts
      361 words
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      Page 17 Advertisements Column 1
      870 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH, JEDDAH AQABA (Reefer Cntrs Acceptable) EAST AFRICA/REDSEA SERVICE KOTAJASA tn PI/7 May Moaadfrcio, Man, V E-375 Hojakiah, Jaddah, Aqaba KOTA TAMJOMO 12/15 May Amb, Mombaaa. ItodaMah, V.E-J77 Jaddah, Port Sudan, Asaba KOTA CANT* 27/»May VMSTt KOTA LUSAKA 1/4 Juna V.l-JS 1 COLOMBO/KARACHI/P.
      870 words
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      Page 17 Advertisements Column 2
      803 17 TO OWW T«k» E*r*» Ma Bay Car*» Bay Uvwpaal Bay BEN LINE CONTAINERS EXPRESS com WO SERVICE TO/FROM EWOPt H'BUK BHAVIN ROAM HAVRE SCION P«t Hot B'hayca R<t*r Havre UK hh Star 11/5 KaaMaa Bar 11/ l 12/t 11/1 U/t 1/1 h"* 11/5 Cartfcaa hi 17/t U/t a/t 22/1 15/<
      803 words
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      Page 17 Advertisements Column 3
      537 17 A< Scan Dutch 9 p Mtm f«*> f-tm t OMtft prkciss SM in c ta sm •MSONMPerI i pcnaca a Ninos 10 s u/s I DMtW M6ON 70/ i 2ia niMc« anson tin a/s DM* UOTf ta 1/t «/4 ANSON 3/4 f mw> 11/ ft I DAMN It/t *n«a »/4
      537 words
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      Page 17 Advertisements Column 4
      445 17 BOUSTEAD SHIPPING AGENCIES BANK LINE TOUK/CONT SPORE R'DAM HULL HMBG CORABANK 14 May 9 Jun 12 Jun 15 Jun IVYBANK 12 Jun 8 Jul 11 Jul 14 Jul CLYDEBANK 28 Jun 24 Jul 27 Jul 30 Jul FORTHBANK 3 Aug 29 Aug 1 Sep 4 Sep Lines U.S. GULF MRECT
      445 words
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      Page 18 Advertisements Column 1
      1232 18 EXPRESS CONTAINER SERVICE ram vessel store motnbi vcssa tohto mrom s vnam si ionn I nam V 7 In Port 'nußOef MARU n May 19 Mn 26 Mn 21 lun I. MS W 13 May («NEW JERSEY MARU 1 Jun 27 tun 26 iun M QCMLD VS 20 May VERRA2ANO
      1,232 words
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      Page 18 Advertisements Column 2
      454 18 CAUFORRM/PACfIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE u«tac Mr lOS ANGELES SM FRANCISCO SEATTLE. TACOMA VANCOUVER BC AccFa/Fa Cwi—i .mur '|C IT" nS" AUSTRALIA EXPRESS CONTAINER SERVICE Accm<M| Fa/Fa Cli—i f U)| S pott (Abr J Üb, 9 Iwi 10 Mi (My 7 Mr 70M>, 77 M>< 7B Abr Rra
      454 words
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      Page 18 Advertisements Column 3
      569 18 KORINS MARITIME SERVICES ft Room 601 ICB Suildirg. Snenton Way Stnqapofe Tel *****2? *****67 P Kelang Tel *****4'*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES I ■■irrnrrn spofe5 p0fe loadhf for: L*esw*l 10 May Bandar Abbas/B Khomori ASM HOPE.... 15 May > EJS, TBH 1 hue Bandar Abbas/B. Khomefi Hyundae Shipping Co. lid.
      569 words
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      Page 18 Advertisements Column 4
      512 18 INTRASEA (PTE) LTD BREAKBULK SERVICE TO EUROPE/UK S'pon f KtliwiMdtatt tor MM LEONHAM7T Mil 11 RUy I Mty BOULOGNE RDAM UR (AVON) VassM Load* at MU Km** FUU CONTAINER SERVICE TO EUROPE/UK BU» STAR m IK 1( Ha, MRdafc/liAaiial/M'taMn/ Hi*H /tott AdaA/ T*vy /Le Mm accapMg Certaiaan ta BaMt/Trtal/Lataka/TartM/AMian*n/»agMad Halpac
      512 words
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      Page 19 Advertisements Column 1
      715 19 i TO EUROPE/UK (VIA SUEZ): A CONCORD 4N+. C PAUL 31W C RO2E 29* 0 CHEF 29* K CHANCE WL SS BWDGE 36W Also accepting cargo to/from Scandinavia A CONCORD S'pore Closing Times: FCL Cargo LCL Cargo FROM EUROPE (VIA SUEZ) Havre 0 CHEF 2K Saited K CHANCE 7E Saited
      715 words
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      Page 19 Advertisements Column 2
      610 19 MALDIVE LINES MALDIVE PMDE Loading For SALAIAH/ ABU DHABI/ DAMMAM MALDIVE NEIGHBOUR Loading For Jeddah MALDIVE MDC Loading For HOOF 10AH MALDIVE PLEDGE 1 Loading For Jeddah MALDIVE AMBASSADOR Loading For Hodeidah MALDIVE NOVEL 1 Loading For Jeddah MALDIVE MPORTEX Loading For Male MALDIVE MACE Loading For Jeddah MALDIVE PROMOTER
      610 words
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      Page 19 Advertisements Column 3
      871 19 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SMSOV BUR.DWG 55, Marfcet Street Sinfapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SMSOV SINGAPORE Telex Numbers RS ***** RS ***** RS 2510S Cable Address SMSOV SINGAPORE Telex Numbers r KELANC M/S SHAMUT RAH SOON SON BHD IST AND ?NO FLOOR NO
      871 words
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      Page 19 Advertisements Column 4
      33 19 SAMSHIP WOOD CARRIERS Wt T JiEt. jMEEjEgI DIVISION Of THE Tin NORLOMDE GKW Of COMMNB REGULAR FCL AND LCL CONTAINER SERVICE TO: Australia Sydney, Melbourne, Fremantle, Adelaide. Brisbane NawZaaland Auckland, Wellington, Lyttleton, Napier
      33 words
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      Page 20 Advertisements Column 1
      449 20 s s c Group SINGAPORE SHIPPING CORPORATION PTE. LTD. 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LiNFSI GENERAL *****1 (22 LINES) TELE* RS ***** RS ***** Afß CARSMIP CABLE CARGOSHIP imiftaiiMaii, I 081 ltc<|i«iial Container Lines 2 SAILINGS A WEEK to/from BANGKOK BERTHING EVERY NOON TUESDAY SATURDAY SINGAPORE
      449 words
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      Page 21 Advertisements Column 1
      255 21 r. o EGYPTIAN] INTERNATIONAL LINE (EIL) EGYPTIAN FLAG St Mil I'M! I N SHIPPING PTJ lID 11H ftuld tfjrtf Ontrf Mif'trif Square Spore 04C** T'i »<. ?1017 Irt 3«811 B*js •i S H M Sdn Bftd M Tel <***** 4860?- P< let Im 386<>% Hi W.'lb P»nan( lel iiij.'tt KA
      255 words
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      Page 21 Advertisements Column 2
      350 21 CARGO SPACE AVAILABLE ON LINER VESSELS LOADING FOR MUSCAT, BAMRAM, DAMMAM. KUWAIT, COLOMBO, KARACHI, MADRAS, CALCUTTA, CtffTGG, TG PRIOK, SURABAYA, BELAWAN, CILACAP, HOC! MBM CITY, PMNOMPENM, HAIPHONG, DAKAR, LAGOS A ANGOLA INDOGI'LF FREIGHT SERVICES TEL: *****00, *****01 TELEX RS ***** INDGUL TIGER EXPRESS LINE fankt to CMTTMOK t CJHant CumrtW
      350 words
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      Page 21 Advertisements Column 3
      103 21 23KA. MiimliiH Flu. tmmU. Fpn «2*7 f* *****11 (S hn) *****11 T*c B 2*29 HT» REGULAR COMTAVER SERVICES FCL AM) LCL TO: AUSTRALIA. NEW ZEALAND, UK/EUROPE, USA, CANADA, HONGKONG. TAINAN OTHER PORTS/DESTINATIONS ON REQUEST LIAN HUAT SHIPPING CO, (PTE.) LTD. anßMTnw. rum urn aooß. an uivim STORE M 7 lES
      103 words
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      Page 22 Advertisements Column 1
      151 22 [vsn HAJ SHOVING SDN. BHDI 153, MUM TENGKU BAONtSORT KELANG TR: *****, 3N953. *****6 Express Unitload Service from Port Kelang to East Malaysia. PENANG P. KELANG Loading for ETA ETD ETA ETD HAMDAHV: 4/82 hPt 7/5 KK HAMDAHV: 5/82 20/5 22/5 KK HAMDAHV: 6/82 3/6 5/6 KK HAYATIV: 6/82 ta
      151 words
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      Page 22 Advertisements Column 2
      278 22 MAGNA MARINE LINES ra:ir*y: LOADING FOR SOUTH A Vessel BESSANG PASS VOY 011 BLT 1975 GENERAL VALDES BLT 1970 MAGNA VOY 013 Spore PKelong Dischg SLD 8/5 10/5 REUNION/ TAMATAVE DURBAN. P.E., CAPETOWN VOY 013 25/5 28/5 —do ACCEPTING CONTAINERS BREAKBULK FOR ALL PORTS GENERAL AGENTSMAGNA SHIPPING PTE LTD 1
      278 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      147 22 Regional Weather s a ■s a\ J K fl x: A 8 -»,< !> :'V r: SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. °c cr* Wind direction with speed in knots Wave height LEGEND'R, Thunderstorm Temperature °C Shower Weather (~S Wind direction with speed in knots fUin
      147 words