The Business Times, 26 May 1982
1982-05-26
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The Business Times
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Title Section10 1982-05-26 1 BUSINESS TIMES M.C.(P) No. 93/1/82 WEDNESDAY, MAY *,ISB2 60 CENTS10 words
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447 1982-05-26 1 RICHARD SEAH - By RICHARD SEAH TWO LOCAL brickworks are going ahead with their expansion plans in spite of the current brick glut caused by cheap imports from the region. Although brick prices have dropped significantly over the past year, both the Housing and Development Board Brickworks447 words
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205 1982-05-26 1 AP AFP IN SPITE OF the reported sinking of a third British warship, the destruction of an estimated 63 Argentine aircraft and other heavy losses on both sides, Argentina and Britain show no signs of yielding in their battle over the Falklands. MilitaryAP; AFP - 205 words
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465 1982-05-26 1 SALMA KHALIK - By SALMA KHALIK SUM Cheong Piling, one of Singapore's largest piling companies, has secured three large Indonesian contracts worth about US$l4O million. The largest of the three contracts is for the construction of a breakwater and a pier at Suralaya. Sum Cheong won the US$BO465 words
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180 1982-05-26 1 HOTEL Properties' public offer of 35 million shares is believed to be subscribed by about 30 times. Application monies received are expected to total more than a billion dollars, making it the most successful issue launched so far this year. The heavy oversubscription was partly180 words
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402 1982-05-26 1 LEE HAN SHIH - By LEE HAN SHIH JAPAN'S largest semiconductor maker, Nippon Electric Company (NEC), is investing about (23 million here to secure a stronger foothold in this region's semiconductor and component market. It will speqd about $18 million on a new plant, which will be402 words
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Article207 1982-05-26 1 A US$2OO million syndicated loan agreement was signed between the Petroleum Authority of Thailand (PTT) and delegates from 12 managing banks yesterday. Among those present were Mr Kraisri Chatikaranij from the Thai Ministry of Finance, Mr Tongchat Hongladaromp and Mr Slrin Nimmanahaeminda from PTT, Mr Lloyd207 words
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BRIEFLY...
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Article54 1982-05-26 1 Reuter NEW YORK, Tues. Citibank said it is lowering its prime lending rate to 16 per cent from 16 Vt per cent, effective immediately. The action reflects a clear movement towards lower money market rates and steps by the Fed to increase the supply of reserves toReuter - 54 words
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Article68 1982-05-26 1 UPI BEIRUT, Tues. Iraq admitted today its forces had been driven from the key oil port of Khorramshahr and were retreating towards Iraq, a crushing defeat that ousted them from the last city they held in Iran. "An Iraqi military spokesman said that Iraqi fofces this morningUPI - 68 words
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Article70 1982-05-26 1 Reuter BEIJING, Tues. China today praised the Organisation of Petroleum Exporting Countries for having successfully beaten off a challenge by what it called the plundering Western oil monopolies. A People's Daily commentary accused the Western oil companies, whose aid China is seeking to exploit its own offshoreReuter - 70 words
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Article88 1982-05-26 1 UPI MOSCOW, Tues. President Leonid Brezhnev has authorised incentives to enable the Soviet food industry to meet consumer demand and free the country from the political pressures tied to its agricultural import dependence. "There is no place here for any set patterns for imposing a dead level onUPI - 88 words
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Article71 1982-05-26 1 AP MOSCOW, Tues. An unmanned cargo ship today docked with the orbiting Salyut-7 space station, bringing fuel and other supplies to two Soviet cosmonauts on the 13th day of their research mission. The official Soviet news agency, Tass, said the Progress-13 spacecraft docked at 0757 GMT with theAP - 71 words
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Article73 1982-05-26 1 AFP TOKYO, Tues. Japan today eased some curbs on fresh fruit imports from California in the wake of the Medfly infestation there. At a meeting of Japanese and American quarantine experts here, the Japanese side agreed to permit the import of fresh fruit without disinfection from theAFP - 73 words
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Article68 1982-05-26 1 UPI TOKYO, Tues. Breaking a promise to balance the budget. Prime Minister Zenko Suzuki today disclosed that the government plans to issue additional national bonds to cover revenue deficits. "I have instructed the finance minister to study (how much additional bonds should be issued) because it involves howUPI - 68 words
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230 1982-05-26 1 SINGAPORE will share Its expertamft la eaergy coo sorvatt— wfcea the aattsa al eammlttee sI the Aseaa Caaaell sa Petrsleam (Aaespe) meets la Jakarta next math. Prsgress sf the earreat eawrgy eeaaervallsa earnpalga, laaached earner this maath by Mlalster far Trade aid ladastij Dr230 words
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505 1982-05-26 1 BERNADETTE CHOOI - By BERNADETTE CHOOI DEVELOPMENT Bank o( Singapore is likely to stay on as chairman of Singapore's Association of Banks. Since taking over this role almost a year ago from the Oversea-Chinese Banking Corporation, DBS has taken on many projects and problems505 words
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Page 1 Advertisements
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Advertisement221 1982-05-26 1 TW u ketch SEATTLE-First National Bank will start to operate an offshore branch here in September Page 2 YOUNG and Rubicam has been awarded the Temenggong Foods account for Singapore and Malaysia Page 3 AMERICA'S leading business economists have forecast a weak recovery in the last half of 1982, with221 words
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Advertisement60 1982-05-26 1 The world's first Titanium Chronograph PORSCHE DESIGN Available at Metro Grand, Lucky Ptaxa WpiCtWß Oi wWi*®fHnO, Lucky Plaza The Hour Oteee, Lucky Plaza. Peninsula Ptaza Tat Hong Hung, Lucky PWa Eastern Watch, Lucky Plaza Tigreee, Piaza Smgapura. Oangi Airport Dtmeneton 1, Dynasty Hotel Sole Agent LIEBERMANN OVERSEAS TRADING PTE LTD60 words
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Advertisement43 1982-05-26 1 BALLY of Switzaiand Internationally recognised as trend-setters. GET 9 OUT OF 10 RIGHT IN THIS EASY QUIZ What do these initials stand for: TAS, CBD, DBS, ROV, RARF, SIA, PUB, POSB, BTW,CPF. The car rental company you've never heard of. Phone: *****30,*****24,*****7. (ivi)ia6aF43 words
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BANKING AND FINANCE
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438 1982-05-26 2 SINGAPORE'S money market and its growing aerospace industry proved to be irresistible lures (or the American state of Washington's largest commercial bank, Seattle-First National Bank. So in September, the bank will start operations as an offshore branch at the Bangkok Bank Building in Cecil438 words
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161 1982-05-26 2 Reuter THAILAND has told British and French financial institutions it cannot guarantee by law a loan of US$BOO million which they offered for an expansion project of the Thai Oil Refinery Company (Tore), Deputy Finance Minister Paichit Uathavekul said. Senior executives of Britain's ExportReuter - 161 words
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350 1982-05-26 2 Reuter THE Association of International Bond Dealers (AIBD) should aim to prevent the freedoms of the bond market, which have allowed it to grow, from being abused, new AIBD chairman Damien Wigny of Kredietbank SA Luxembourgeoise said. It is necessary to maintainReuter - 350 words
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Article152 1982-05-26 2 A TOTAL deposits of the Post Office Savings Bank have snowballed to $3.78 billion in March this year, up 41 per cent over the previous March. This is a steep increase compared with the 3.4 per cent rise in March 1981 over the previous corresponding period.152 words
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209 1982-05-26 2 Reuter THE development of currency contracts on the London International Financial Futures Exchange (Liffe) will be limited by the caution of speculators and corporate customers in Europe, foreign exchange dealers who attended the International Forex Congress in London said. The congress discussed theReuter - 209 words
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Article70 1982-05-26 2 THE New York Federal Reserve Bank said the Federal Reserve System loaned US$632 million in securities to government securities dealers on Wednesday, May 19, to cover the market disruption caused by the problems of Drysdale Government Securities Inc. The New York Fed reported the figure as70 words
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Page 2 Advertisements
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Advertisement504 1982-05-26 2 |f\ A\ jKfi W -i" 3 W--m e! *> ;s *r-€ 38^ gp ytv*2k*Tv* Featured: Shoes from 5249-J529 Imagine Leatfoer. Smooth. Supple. Cured and hand-polished to perfection, reflecting a deep inner strength that is the aura of leather. Imagine it in the hands of a master designer, lovingly caressing its504 words
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TRADE AND INDUSTRY
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284 1982-05-26 3 AMERICAN EXPRESS' experiment with quality control circles in Singapore has proved so successful that the credit card company's other offices around the world are now taking up the idea. Mr John Crewe, vicepresident and general manager of American Express Consumer Financial Services in Singapore,284 words
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216 1982-05-26 3 LOCAL CRAFTSMEN will show the art of making pewter and batik at the new Selangor Pewter Demonstration and Sales Centre at Alexandra Road. The $1.3 million centre, which will be officially opened on Friday, will be Selangor Pewter's largest centre. It covers about216 words
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Article728 1982-05-26 3 SEMINARS AND COURSES May 26-28: EDP Project Management, Hyatt Hotel, Institute of Advanced Computer Technology May 26- June 11: Effective Staff Control and Coordination, Ngee Ann Polytechnic, NPB May 27: Inflation Accounting for NonFinancial Executives, Hyatt Hotel, Price Waterhouse Associates May 27-28: Purchasing Negotiation Skills Workshop, SIM Conference728 words
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Article, Illustration299 1982-05-26 3 DAVID Artk* has been appointed managing director of Asian-American Merchant Bank succeeding Merlyn Doleman who is assuming a special corporate advisory assignment for Bank of America. In his new position, Mr Artko will oversee day-to-day operations of the Singapore-based Bank of America affiliate. Prior to the Singapore299 words
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121 1982-05-26 3 THE DUmNd Importers Association ti Singapore (Was) mad the Extra Moral Studies Departmeat if Ike Natloaal University of Singapore will be holding another series of eaarses oa Jewellery saieamaaship. The caarse will caver topics like pradaet kaawledge of gems aad precis—metals, psychology of easterners, personal121 words
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Article306 1982-05-26 3 ANGELINE TAN - By ANGELINE TAN YOUNG and Rubicam has been awarded the Temenggong Poods account (or Singapore and Malaysia. The account will increase the agency's billings by about $1.5 million to nearly $11 million this year. The assignment, to take effect from June 1, includes the advertising for the A306 words
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252 1982-05-26 3 THE Timber Industry Board is organising a study mission to Japan next month to acquaint itself with the latest timber production technology. The eight-day mission (June 26 to July 3) is being organised in conjunction with the Technology Transfer Institute of Singapore. The mission's252 words
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Article, Illustration203 1982-05-26 4 TENDERS for the construction of the new Indonesian embassy at the Junction of Chatsworth Road and Bishopgate will he called soon. The complex, on a J.J-hectare site, will feature Joglo or Central Javanese architecture. Mr Rochsjad Dahlan of the Indonesian embassy in Singapore has described203 words
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179 1982-05-26 4 PLESSEY (S) Pte Ltd, a distributor of Burroughs computer systems, has signed an agreement with CMS Pty Ltd for the latter to supply a software system for all Burroughs systems, starting with the 894 system onwards. The software system from the Australian179 words
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Article466 1982-05-26 4 BUSINESS Computers, sole distributor of NEXT minicomputers, will be exhibiting the NEC System 150 at Banque Asia *82 from June 1 to 4 at the Hyatt Hotel. The NEC System 150 is a full function computer. It is a low-cost, compact, highperformance office computer offering system flexibility and466 words
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392 1982-05-26 4 A LEADING Japanese footwear manufacturer has set up a multi-million dollar factory in Singapore to produce leather shoes by combining European designs and workmanship with Japanese production methods and standards. The Union International group, with offices in Japan and Switzerland, has invested392 words
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Page 3 Advertisements
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Advertisement250 1982-05-26 3 kJf *21 m m M i i, WOULD CHRISTOPHER COLUMBUS BE WORKING FOR JONES LANG WOOTTON F HE WAS AROUND TODAY P Whilst history has never told us anything about Mr. Columbus ever being in the property business, he would have discovered a rewarding career for. himself, with Jones Lang250 words
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Page 4 Advertisements
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Advertisement450 1982-05-26 4 YEO HIAP SENG LIMITED (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following: 1) UNAUDITED RESULTS FOR THE SIX MONTHS TO 31 MARCH 1982 For Six Months to 31st March 1982 Change to 1982 1981 Preceding Year Group Company Group Company Group Company Net Sales450 words
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Advertisement95 1982-05-26 4 Electric Chain Hoist. With its simple design, this versatile chain hoist is designed for push travel or electric drive. Capable of handling up to 4000 kg, it has the following features: Low dead weight and compact design that give ease of handling. Enclosed casing with self-braking motor. 2 lifting speeds95 words
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OVERSEAS
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177 1982-05-26 5 Reuter PRESIDENT Reagan, calling for free enterprise to have a stronger role in the energy field, asked Congress to abolish the Department of Energy and spread its functions among several other government agencies. His proposal to reorganise the federal government's energy activities fulfilled aReuter - 177 words
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476 1982-05-26 5 Reuter MAJOR oil consuming countries said politics in the Middle East posed a permanent threat to oil supplies and insisted conservation measures were needed despite the present glut of crude on world markets. Ministers from the 21 countries of the International Energy AgencyReuter - 476 words
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305 1982-05-26 5 Reuter AEG-Telefunken, the financially-troubled West German maker of electrical products, said it was urgently seeking government support as well as new partnerships in a move to offset massive losses expected this year. A spokesman for AEG, West Germany's eighth largest employer, said that it was holdingReuter - 305 words
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Article293 1982-05-26 5 GENERAL Motors is to invest US$2OO million in Isuzu Motors of Japan, which will in turn supply GM with about 200,000 small, sub-compact fuel-efficient cars a year beginning in late 1964. GM spokesman said negotiations with Japan's largest car maker, Toyota, will continue despite293 words
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WORLD IN BRIEF
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Article486 1982-05-26 5 Agencies THE Philippine Fiscal Incentives Review Board will adopt a new policy of granting incentives to companies on the basis of their export performances. A Finance Ministry spokesman said under the present system, businessmen are given various incentives such as tax free import of equipment and tax rebatesAgencies - 486 words
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194 1982-05-26 5 BRITISH Trade Secretary Lord Cockfleld said time was running desperately short for Japan to change its trading policies to avoid increasing protectionism. "The decisions which now have to be taken by Japan could be of fundamental Importance in deciding the future194 words
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Article175 1982-05-26 7 STEEL executives and American officials have endorsed two anti-dumping bills that would subject foreign exporters to triple damages under existing antitrust laws for selling goods at artificially low prices in the US. "If our government fails to ensure that the steel industry can compete fairly175 words
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136 1982-05-26 7 REAL gross national product of West Europe and the US could grow at an average rate of 3 to 4 per cent in 1983-87, while inflation may not average more than 5 per cent, said Robert Marjolin, former vice-president of the EEC Commission. Writing136 words
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460 1982-05-26 7 NYT AMERICA'S leading business economists released a grim forecast that shows only a weak recovery in the last half of 1962, with high unemployment and high interest rates continuing to the end of the year. A poll of the 400 members of the National AssociationNYT - 460 words
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318 1982-05-26 7 AFP FRANCE is ready to extend credit facilities to Thailand to finance some large-scale infrastructure projects, French sources in Bangkok said. The issue was discussed on Monday during a meeting between French External Trade Minister Michel Jobert and Thai Vice-Finance Minister PaichitAFP - 318 words
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Article296 1982-05-26 7 NYT THE US Bnm hM rejected One liberal badget pwpw »b »mld eMMra tbt the lawmakers may eat be able to paas any sf the sevea priprnl» aew before the chamber. The badget plaas, which eaver the patttleal speetrum, will be «abject to tt aNYT - 296 words
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Page 5 Advertisements
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Advertisement245 1982-05-26 5 TOKYO Vf&J: •<&. h A A -s. it *&v-~v «iV\' -,}v" «*<3H£s 1 3pC** J-H L Cathay Pacific fly there daily, via Hong Kong. Our 747s depart at 11.30 am, arrive Hong Kong at 3.10 pm and Tokyo at 9.15 pm. Plus more daily flights on SuperTriStars departing Hong Kong245 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article165 1982-05-26 6 MAY 24 FU abn 29X00 -3 Ahold 79.00 -3J Akao 26J0 *02 amev 9a -04 Amfu 83.006 Amrobnk 52J0 -<L5 Bcr|Oii Beri ZH *00 unch BoU 99.00 unch BorsumU moo -3 BurnmAnn *00 -1 Caiand 3380 0.1 Calve Delft 213 00 -1.8 Dell M1J 83.70 0.2 gnnti 1X00 -0-5165 words
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Article246 1982-05-26 6 MAY M Ft* CORBEILLE Air-Liquid* B 8 H Otrnli Danone C 8 r (ThomjonCaf). 401 1519 1«7 -1 -5 •11 CM rrancalae d«s PetrolM 138 -0.1 Compafnie Plnincitn Compafnic Genermie Credit FoncMr De Franca J67 4-1 Hachette (LibralrM). Machine* Bull Mlchclln (B) Pvlbti 4tt W ISA 1 -0J -IS246 words
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Article198 1982-05-26 6 MAY M Dm Ace-Teicfunken 01 Akao ZUOB Alls Lcbcn 17S0 00 66 ALU Vert new 15 BAsr 135 00 01 B»HT Wtoank 210-30 15 Bajr Vtank 776 OOB OJ Bijer 13D 00B BBC ***** 1 BMW 306 90 moo -0-2 Cham V«rw mo -1.6 Commenbank 1UJ0 ConU Oummi «6J0198 words
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Article162 1982-05-26 6 AJusulaae Ret Brown Bowl Br Cite OelO Br Ctta OatfT P C 100 m ins 1015 575 1100 10 unci) -IS unch -If Credit Bumi lit DekWowMt Br. Oeorfe rtacbar Br Olobua Pc 332 2375 ♦468 300 •1 il 2175 -29 Hoffman La Roc he 1/10 Hoidcrtoank Br Interfood162 words
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Article68 1982-05-26 6 MAT M UK Rutnfl -14 Bel SI000 -1100 Central* Ord Cond Acqua Roma mm m* -no -IS Ertdania n»t Ord ***** MM -300 -SI Otomll Ota tfl Prtw 1SM00 *40 Ml -0900 -00 -40 Il*Jc*ro«nu Ord MOO moo -so -000 IUlfM IK -so Lcpcut Ord SHOO -TOO IMlobua S30BC68 words
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Article79 1982-05-26 6 MAT M m FORWARD MARKET Acoc 416 -a 1210 -30 Aitur m -4 Brecon Bru-LAmb n ssr Dt Dure wrm Etm El Btoctrobvl OOt Ob-Inno-Ba 2MB o*» na Hoboft 9D -a UDCh Si -M Prtro Ryl Dutch 4790 1730 uoch Stdro Soc 0«n Belf florins Soln; A ISO 114379 words
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Article290 1982-05-26 6 MAY 24 Rand INDUSTRIALS A Alpha 360B Abtrtom ao •10 AE And CI 706 -19 AftllC 3000 -*0 Barlows 730 Cf Suf&r CHA 1426 700 -a unch CurrW rintnct L_ U unch De Bteri Ind Edcon ZZ 1425B Idgus noo 200 r>iifin«ii rid vol* ZZ xn PUfflt 215 -i290 words
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Article203 1982-05-26 6 Reuter TOSHIBA Corporation said it expects its sales and profits this year to reach record levels for the seventh successive year. A spokesman for the electric and electronics equipment manufacturer told reporters in Tokyo that aftertax profit for the year ending March 31 1983. will riseReuter - 203 words
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Page 6 Advertisements
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Advertisement761 1982-05-26 6 The Toronto market was closed yesterday See Page 17 for New York prices and Page 19 for Asian stocks Where to wine, dine and entertain with the American Express Card When you dine, dine Cantonese. i j o If pleasing your palate is achieved only by eating the best, then761 words
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Advertisement91 1982-05-26 6 Thr y>poi*'s most A'\t- cjtv 1 ••g ra tjnofi to Tvmbe-s r' *'<- i? 0" s/v 9pm to "Kjn a CictipM Hstd iVwogftMd S per 0923 Tct 7379)11 restaurant e%s> Try our sumptuous delicacies from the Hunan Province. Renovated additional new car perk now ready for use FROM OUR FOOD91 words
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Page 7 Advertisements
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Advertisement544 1982-05-26 7 No compromise on copy quality with Sensitron" Seeing is believing. Come: to our free demonstration at 3M Singapore. Now you can take your oversized paperwork and make less of it. With the new 3M "595" Plain Paper Copier with Sensitron. A reduction copier that can take 11" x 17" originals544 words
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MONEY AND EXCHANGES
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Article22 1982-05-26 8 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.90 per cent.22 words
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Article178 1982-05-26 8 ASIAN ASIAN currency deposit Interbank rates as at close on May 25: U8 DolUr*(8pot) Offer Bii 7 days 14 7/10 14 5/19 1 month 147/16 14 5/16 2 months 144 14% 3 months 144 14* 6 months 144 144 S months 144 144 12 months 144 144 Dm. ftwJrm. 1178 words
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Article45 1982-05-26 8 RANGE at prkoca often ■d by discount huuw <m May 8: Overnight 4% Call departs: 4% OMtec B«rtec 3- month S.1HM Treasury btlU 4 31* 3-month Bank bill* 10 n 3 months CD 90/16 97/16 6 months CD 05/16 3/16 Source: National Discount Co45 words
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Article433 1982-05-26 8 TRADING on the foreign exchange market yesterday was quite hectic with the US dollar strengthening against most major currencies. Dealers said this is because traders were surprised that the US currency was quite strong and US interest rates were also lower. So there was short covering leading to433 words
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Article245 1982-05-26 8 THE dollar for overnight delivery in Tokyo yesterday closed firmer at 239.75 yen against its opening 238.90, dealers said. This was also above the 238.90/239.06 finish in New York overnight, and sharply higher than the 237.55 close in Tokyo on Monday. Trading volume was a moderate $1.62 billion. The245 words
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Article251 1982-05-26 8 Reuter GOLD IS expected to average US$365 an ounce In 1982 and be priced at around MOO at the year end, Amalgamated Metal Trading Ltd (AMT) said. In its latest issue of metal and economic trends, AMT said it expects an average gold price ofReuter - 251 words
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Article77 1982-05-26 8 A WEAK yen was the chief feature of an otherwise quiet and aimless start to trading in London yesterday. A mixture of low Japanese interest rates, a poor economic outlook and problems over funding tax revenue shortfalls have prompted a bearish attitude towards the yen. Opening quotes yesterday: US77 words
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Article403 1982-05-26 8 SINGAPORE gold futures yesterday closed generally easier compared with overnight levels in moderately active trading, dealers said. Opening prices were marked down between US$3.3O and $4.50 an ounce following the metal's decline in New York on Monday night and thereafter the market held steady during the morning's trading. Prices403 words
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Article41 1982-05-26 8 New York 6 538 ««B C.MS 6 78S Zurich 6 53B 6S5B 6 63S 4 75S Mm m Singapore 6.50B 6 65B (•06 ».75S Closing pr it ■em In US dollan a troy ounc t. Source: Credit Suisse, S'pore41 words
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Article171 1982-05-26 8 THE US dollar in Hongkong yesterday rebounded against all major currencies in late trading after tbe European opening, dealers said, adding they noted short-covering from abroad. The US unit rose to 2.3018/26 marks from an early 2.2964/71, little changed from New York's 2.3015/ 25 finish, while sterling eased to171 words
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Page 8 Advertisements
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Advertisement136 1982-05-26 8 W Asia's 1 News Magazine. in 1 in circulation 1 lin ad revenue 1 tin coverage of executives Motre goes into it. TAT LEEE INSURANCE LIMITED "With the same philosophy of trust S|i and confidence you can be assured that we will inherit the tradition of Tat Lee Bank to136 words
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Advertisement109 1982-05-26 8 Have you noticed the latest Citibank interest rates? Effective 17 th May 1982 Fixed Deposits 1 month (Minimum deposit $10,000) 2 months (Minimum deposit $2,500) 3 months (Minimum deposit $2,500) 6 months (Minimum deposit $2,500) 12 months (Minimum deposit $2,500) 9 p.a. 9 p.a. 9 p.a. 9 1 /4 p.a.109 words
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1053 1982-05-26 9 TOM HENEGHAN - Third World countries, jolted by a ban on imports imposed by the EEC and some other countries, are taking another look at what Gatt can do to limit trade embargoes By TOM HENEGHAN Reuter A BAN on imports imposed by the European Economic CommunityReuter - 1,053 words
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Article277 1982-05-26 9 AP BRITAIN received a US$B5O million cash rebate from its Common Market partners on Monday, in a temporary settlement of their long-standing financial dispute. The decision was made by Foreign Ministers from the 10 countries after a 17hour negotiating session that followed months of wrangling. TheAP - 277 words
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284 1982-05-26 9 STEPHEN NISBET - By STEPHEN NISBET Reuter TRADE now lost to Argentina because of the majority EEC import ban is unlikely to be recovered when the Falkland Islands conflict is over, EEC sources said. EEC importers will turn increasingly to other sources while the embargoReuter - 284 words
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Page 9 Advertisements
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Advertisement83 1982-05-26 9 FOR SALE SENIOR PARTNER WITH SUCCESSFULLY ESTABLISHED INSURANCE BROKING FIRM WISHING TO RETIRE OFFERS HIS SHARE FOR SALE. CONTROLLING SHARES COULD BE MADE AVAILABLE IF SO REQUIRED. REPLY IDENTIFYING INTEREST TO: The Advertiser, Business Times Box No. 1035. 31, Jalan Riong, Kuala Lumpur 22-03. FOR SALE 1Q ACRES OF INDUSTRIAL83 words
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Advertisement238 1982-05-26 9 Editorial... page 19 K •4 m 4 J v o X s Ev >. r f i V ..v m TS* SXs m r V. S*> ■v> s *?V ihf&L H.- v 2':>- > fs^L^r -r- <• V*' V ■V: •*.>•• x*> V s t/ <" v* "vV 4 J238 words
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Article488 1982-05-26 10 KREMLIN WATCHING is a time-honoured game, in the international tradition of leadership handicapping. The object is clear, to guess who will succeed Mr Leonid Brezhnev as General Secretary of the Communist Party and President of the Soviet Union. But the rules are vague, which is why488 words
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Article250 1982-05-26 10 ANOTHER DOLLAR, another day. Britain has gained a bit from its compromise with other European Economic Community members over budget contributions and learned a bit, too. The monetary gain, on this occasion, is less important than the lesson. The former is worth having, but the250 words
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Article, Illustration1114 1982-05-26 10 CHRIS SHERWELL - As part of its strategy to reduce its dependence on oil, South Korea is increasing the output of coal and pushing its use in households and in commerce By CHRIS SHERWELL FT EVERY six hours, in the shadow of snow-laden mountains in eastern South Korea,FT - 1,114 words
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534 1982-05-26 10 DAVID BROWNE - By DAVID BROWNE AP FOR SEVEN years, until 1980, oil-rich Venezuela enjoyed a spectacular economic lift-off with an astonishing growth rate of more than eight per cent and multi-billion dollar development projects that changed the face of the country. Then along came Mexican and NorthAP - 534 words
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Page 10 Miscellaneous
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Miscellaneous615 1982-05-26 10 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Trial transaction a politician appears in 7 Deduces the factory's on strike (5, 3) 8 Bundle from Elba (4) 10 Musical compositions often picked up (6) 11 Region of all-round interest (6) 14 That of a Netherlands trawler, say? (3) 16 The danger of615 words
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Miscellaneous955 1982-05-26 10 SINGAPORE 5 3.00 PM Opening folowed by Jaws (Chi nese/r) 4.35 The Adventures Of Gußver 5.00 The New Ed Men Show 5.20 Divinf Over The Desert 6.15 News (English) 6.25 Matt And Jemy...On The Widemess Trai 1850 Mystery Of The Pikes (Last Episode) 6.50 Cartoon Selections 7.00 Happy Days Mork955 words
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Article, Illustration1034 1982-05-26 11 JIM ABRAMS - The two articles below contrast the quality of life of the average Japanese and that of employees of the Toyota Motor Company. The first article looks at the city that Toyota built for its workers, complete with all the facilities thatAP - 1,034 words
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Article, Illustration672 1982-05-26 11 TODD CARREL - By TODD CARREL AP FOR ALL of Japan's vaunted economic success and a per capita income rivalling that of the United States, the quality of life for the average citizens lags far behind that of people in many western countries in one sector housing. The youngAP - 672 words
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Page 11 Advertisements
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Advertisement933 1982-05-26 11 SECURITY PACIFIC CORPORATION AND SUBSIDIARIES (PRINCIPAL SUBSIDIARY: SECURITY PACIFIC NATIONAL BANK, 1205 OCBC CENTRE, SINGAPORE 0104) Consolidated Balance Shoot December 31, S m thousands Mail Cash and due from banks Due from banks interest bearing Investment securities Trading account securities Total securities Federal funds sold and securities under resale agreements933 words
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Article, Illustration1319 1982-05-26 12 Singapore to serve as hub for Asia-Pacific operations Singapore, 26 May Visa International announced the official opening of its regional headquarters in Singapore today in what it termed an effort to make Singapore the "hub of its AsiaPacific regional operations." Thomas E. Honey, chief general1,319 words
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Article, Illustration418 1982-05-26 12 Singapore, 26 May Sales of Visa travellers cheques in the Asia-Pacif-ic region increased 134 percent to US$2ll million in 1982, compared with US$9O million in 1980. During the fourth quarter Of 1981, sales for the region totalled US$62 million, up 93 percent418 words
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Article, Illustration786 1982-05-26 12 It's a familiar scene a group of crisply dressed businessmen toasting the multi-million dollar deal they just finalized with an extravagant meal at an exclusive restaurant. Typically, payment will be made in a suitably prestigious manner, usually with a travel and entertainment card. Many classes of786 words
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Article, Illustration585 1982-05-26 12 Singapore is now the Asia-Pacific orientation and training centre for all newly admitted principal members to the Visa payments system. Previously, training for the region was conducted in the Visa offices in San Francisco. Orientation and training is the key to the successful implementation of585 words
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495 1982-05-26 12 Payment cards, commonly called credit cards, came into limited use in the United States shortly before World War I when some companies issued metal cards to their customers. In 1924, the first oil company payment card was issued. Interest in payment cards495 words
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Page 13 Advertisements
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Advertisement251 1982-05-26 13 CCWGCATULATOJS BEST WISHES TO VISA INTERNATIONAL AMERICAN INTERNATIONAL ASSURANCE CO. LTD. AMERICAN INTERNATIONAL UNDERWRITERS AMERICAN LIFE INSURANCE CO. AMERICAN HOME ASSURANCE CO. NEW HAMPSHIRE INSURANCE GROUP THE PHILIPPINE AMERICAN LIFE INSURANCE CO. INC THE PHILIPPINE AMERICAN GENERAL INSURANCE CO. INC. AUSTRALIAN AMERICAN ASSURANCE CO. LTD. members of the AIG in251 words
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Article, Illustration856 1982-05-26 14 Key is flexibility Dee Ward Hock, president of Visa International, prophesized in September 1960 that the Interbank and Visa systems combined would enjoy US$llO billion in annual sales volume, a twenty-two-fold increase in slightly more than 10 years. In the 12 months ending 31 December, 1981, payments856 words
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Article, Illustration524 1982-05-26 14 By 1983 Singapore will Join the trend to increase electronic authorisation with the installation of point-of-sale terminals throughout the country. The telephone-like device, which can provide instant authorisation, has been successfully introduced in the United States by Visa. Visa's decision to install point-of-sale524 words
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Page 14 Advertisements
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Advertisement71 1982-05-26 14 v -'V*< m *> V i f?V "<■ 4 i- 1. !*SBflEHßKHbvnCESs£3icKFa'@ ■:!V v, W"JWm '-•Hi %'j 3E as JST «*s "*v; sf's- SB* -V' ,v «7f r. v. wl§ '-v s ■r •v v" V--1' m. safe# v* Pi ?-C... *8* -i' 8? I v #5a gr "5 SB71 words
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Article, Illustration1497 1982-05-26 15 Visa International differs radically from multinational corporations whose sole purpose is to increase profits for the corporate homeland. Visa prides itself on being the world's first and only "transnational" corporation. "Visa is the only business organisation structured in such a way that no one1,497 words
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Page 15 Advertisements
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Advertisement67 1982-05-26 15 Glad to bq of service Congratulations, Visa International, on the opening of your Regional Office in The Octagon. International Property Consultants Real Estate Agents Valuers Auctioneers Property Managers We are on the 39th Floor, OCBC Centre, Singaporeolo4. Tel: *****4.Te1ex R*****8. We have3B offices in: Hong Kong, Malaysia, Indonesia, Australia, United67 words
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Page 16 Advertisements
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Advertisement208 1982-05-26 16 The Chartered Bank 4 SOS 3410 1234 sblB You don't have to pay n ii i > v Often, acquiring a credit card in Singapore can mean paying through the nose for the privilege. So how would you react if we told you that with Chartered Bank VISA, you don't208 words
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RAW MATERIALS
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Article175 1982-05-26 17 CHINKSE Prrfiee Exchange, Singapore, mm cMag prices per IN kg ywtenUy. CtcMit oil: Bulk fob (100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. Copra: Mixed (loose) $50.00 buyers. Pepper: Muntok white pepper fob Asta NLW $352.50 sellers, Sarawak white pepper175 words
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Article142 1982-05-26 17 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CottM yarn: China Blue Phoenix 20s 2,355 32s 2,900, 40s 3,110 (per bale of 400 lbs). PaklstM raw coMm: LSS 5.86, 4F 5.75; 289F 5.92; NT roller ginned 5.82 (per lb). CLOTH in142 words
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Article314 1982-05-26 17 SINGAPORE: Yesterday's closing prices in S$ 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 new crop no stock, B-10 per cent 0.81. THAI BROKEN: A-super 0.65, Special 0.58.314 words
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Article64 1982-05-26 17 THE STRAITS TIN price in Penang yesterday held unchanged at M|29.49 a kilo, within the ITA lower sector price range of $29.15 and $32.9«, dealers said. The buffer stock manager continued to support strongly at this level, at which slight demand from local and overseas interests was also64 words
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Article29 1982-05-26 17 Rubber May 25 Singapore: June: 181.00 cents (down 0.25 cent) Malaysia: June: 204.50 cents (unchanged) Tin: M$29.40 per kilo (unchanged) Official offering: 207 tonnes (down 86 tonnes)29 words
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Article110 1982-05-26 17 MINE outputs of tin in Malaysia last year amounted to 59,855 tonnes metal content, a decline of 3 per cent from the previous year. The Straits Trading Company Ltd, said yesterday in its latest annual report that the drop was due to a sharp fall in110 words
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Article1249 1982-05-26 17 NEW YORK STOCKS STOCK prices in New York on Monday closed mixed in very sluggish trading, with news of broker loan rate cuts by two banks providing some narrow strength near the close. The Dow Jones industrial average was down slightly most of the day but turned1,249 words
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Article216 1982-05-26 17 ON THE Singapore rubber market yesterday, prices closed slightly lower with June One RSS buyers quoted at 181.00 cents a kilo, down 0.25 cent from Monday's close, dealers said. The morning market closed 0.25 cent weaker than overnight levels after fluctuating marginally on some covering interest alternating with profit-taking,216 words
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Article385 1982-05-26 17 RAS prices tn cents per kUo yesterday: Noon (per Idlo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 179 00 180 00N Int. 1 R.S.S. June 181 00 181.50 Int. 1 R.S.S July 185 00 IB 50 Int. 2 R.S.S. 173 00 175 SON UK Coot 172.00 174.00N Int.385 words
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Article128 1982-05-26 17 NOON SSI I tod SMR prie m yaatardar RA8 SSR20 SSR50 (1 ton pa (1 ton pa Ju (Carnal Bayera Jlatl 180 00 Jlat) 158.00 Jaly t MU) irarvaH Mtfe) lallara Bayara Sallara 162 OON ***** 163 00N 180 00N 159 00 *****N MREl.B Jama Jaly SMRCV128 words
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Article863 1982-05-26 17 COFFEE: Nearby contracts of robusta futures ended a quiet morning slightly steadier, between £10 and £2 a tonne above Monday's close in traded positions. Short-covering in nearby positions by traders expecting an export quota cut in the next few days supported the market, dealers said. But there seems863 words
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Article137 1982-05-26 17 THE Kuala Lumpur crude palm oil market yesterday closed lower in quiet trading on lack of buying support, dealers said. In May, central dropped Msl to $960 per tonne. In June, south was unchanged at 1960 while central eased $10 to $950 and north traded at $965. Central137 words
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Article187 1982-05-26 17 SOYBEAN futures in Chicago on Monday held losses late to close near the bottom of a seven-cent range, down 8V« to 5Vi cents a bushel. Prices declined from the start in reaction to the negatively-viewed chart picture following last week's performance, and were forced to day's lows by stop-loss187 words
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Article177 1982-05-26 17 WHEAT futures in Chicago on Monday pared losses late to close down as much as 1 V« cents a bushel in the first five positions to unchanged in deferred July. Local short-covering, when a prominent local began aggressively buying in afternoon trade after selling earlier, took prices off day's177 words
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Article366 1982-05-26 17 AFP THE FAILURE OF the Philippines' attempt to establish a world coconut cartel modelled on Opec, and the existence of "interlocking directorates" were the main causes of the current crisis facing the country's coconut industry. The National Forum, sponsored by the Friends of the Coconut Farmers andAFP - 366 words
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Page 17 Advertisements
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Advertisement175 1982-05-26 17 '*D THE WORLD AROUND THE CLOCK PACKAGE v {tv\ 4r s V <o 9 W orUhvide EXTREMELY URGENT Upcn Daliwry RaapMnt Pti Notify W Ext New Rates: USA, LONDON 5530.00, HONGKONG, SYDNEY 5522.00, TOKYO 5526.00 AND MORE THAN 10,000 OTHER DESTINATIONS AROUND THE WORLD. NO MONTHLY CONTRACT FEE GELCO COURIER175 words
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1472 1982-05-26 18 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. SECTION ONE INDUSTRIAL A COMMERCIAL Aetna (31,472 words
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Article207 1982-05-26 18 SINGAPORE UNIT TBU8T DIAMOND MOT STORE (Mtatfcff' prim i tar May M) (Managers' prices tar May 88) The Camrafrcf 2 97 3.12*d Diamond The Savings Fund 1 TO 178 S pore Fd <US») 0.56 080 S'pore Prog Fund 1.34 1 41 St 125 S pore Sec. Fund 2.06207 words
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Article2919 1982-05-26 18 Gr"» Gr'» Net 1982 Last Div Div Y'W P/E Vol Day High Low Conpany Sale or- CVr COOO) High Low SECTION ONE INDUSTRIAL A COMMERCIAL 338 247 Acma 338 16 14.5 32 43 12.1 150 338 324 Alcom 115 3.7 0.5 33 963 233 172 Allied Choc2,919 words
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Article1580 1982-05-26 18 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 INDIHTBIAIB «OM (3 70B) 1« (1) 362 (14) 3.86 (10) 3.« 1(41,580 words
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Article270 1982-05-26 18 Neptane Orient Lines: Thirteenth AGM to be held at the Company's Board Room at Neptune Building, 13 Trafalgar Street, Singapore 0207 on May 26 at noon. HIGHLANDS Lawianda Berhad: Seventh AGM to be held at the Anggerik Room, 4th Floor, Hotel Equatorial, Kuala Lumpur, Malaysia on May 27270 words
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796 1982-05-26 18 SOME bargain haatiag Interest la sftaattoaal itwki helped to pash ikut prices slightly higher m the Biagspere stsek market yesterday. Tradlag remained generally qalet. The market had epeaed at araaad sveraight levels aad stayed there satU small bayers, whs felt prices had reached hargaia796 words
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Article585 1982-05-26 18 RENEWED support on a fairly wide front boosted prices on the Kuala Lumpur stock market yesterday. Improved sentiment was evident from the early stages of trading when prices opened marginally higher. Fairly good allround support was noticeable but interest was strongest in the finance sector585 words
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COMPANY NEWS
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913 1982-05-26 19 DAVID CHOW - By DAVID CHOW THE Barlow family's sale of its entire interest in Barlow Boustead Estates Agency, in a sense, marks the end of an era for the Barlows whose association with the plantation industry in Malaysia stretches back to the turn of the913 words
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Article981 1982-05-26 19 Carreat Ex Books Date Total for Total for Payment Date Close Payable the year Previoas year Alcorn 2Vj% May 6 May 18 Jun 10 5% 4.8%(a) B Ray* 5% May 20 Jun 1 Jun 24 5% 4.4%(a) Bata 16% Apr 28 May 10 Jun 3 22% 22% Bata981 words
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661 1982-05-26 19 THE Malaysia Building Society Bhd, (MBSB), will be expanding and modifying its set-up as it takes up additional responsibilities under the country's booming housing industry. As a major financier of housing development under the Fourth Malaysian Plan, MBSB, besides developing public and661 words
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ASIAN STOCKS
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Article408 1982-05-26 19 SHARE prices in Tokyo yesterday fell slightly in a dull market, overshadowed by a mounting likelihood the government will be forced to issue additional national bonds to cover its revenue shortfalls, dealers said. The market average shed 39.88 to close at 7,428.40 on thin volume of 170408 words
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Article149 1982-05-26 19 SHARE prices in Bangkok yesterday closed generally lower in absence of buying support in weak and selective trading, dealers said. The Book Club index dropped 0.24 point to 92.51 on turnover of 9.8 million baht. MAY 15 Antlmn Thai AmU PI bra Dtnu "IX" Bangkok Bank 210 *2 Bank149 words
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Article388 1982-05-26 19 HONGKONG STOCKS in Hongkong yesterday closed on or near the day's high on active trading, brokers said. Prices ruled steady initially on the higher closing in London and New York, and made further gains on the recent strength of the Hongkong dollar, they added. The Hang Seng388 words
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Article398 1982-05-26 19 SOME Asian interest in Sydney stocks yesterday provided a stimulus to the market which rose in low volume after eight consecutive days in decline. The All-Ordinaries index closed 3.4 points up at 509.5 while the resource marker {Hit on 4.2 points to 384.9 and the industrial398 words
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Article83 1982-05-26 19 MAY 25 Peso* Acote Mining 4016 -OXOM AUu Coo A Atlaa Con B. ZZ is jo -0-S BmuIo Gold Bencuet Con B 4013 XU -0 0001 unch Landoll Lepanto B. jam -0 002 Mulnduoue B UK unch OrtenUl A Oriental B Ml +OMB Phil Omau an unch Phtte* A83 words
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Page 19 Advertisements
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Advertisement279 1982-05-26 19 DEAL WITH AUSTRALIAN INTERNATIONAL EXPERTS. ATiZ Bank is a leader in South East Asia for foreign exchange dealings especially Australian and hew Zealand dollars. As one of the region's largest and most experienced banks we are fuliy qualified to advise on all facets of international and corporate banking. Our aim279 words
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Chief Price Changes
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Article154 1982-05-26 20 Rises Indices Ambassador Bolton Acma Metro HIdgs Sel Properties OCBC H Leong Fin P M HIdgs Sim Lim City Dev Perlis Plant Bousteadco M M C Pan-El Falls H Negara Grand Central Selangor Dredg Esso S T P 1075 Allied Choc Sea View P M H 1 880 260154 words
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Article, Illustration151 1982-05-26 20 Rises Indices G'town Disp 750 80 May 24 May 25 E and A I 750 30 BT Index: *****8 *****0 Bedford 700 20 Industrials: 911.83 915.38 Acma 370 +14 Finance: 1541.64 1551.06 Sanyo 412 12 Hotels: 608.54 606.78 Durilop Ind MBS 416 290 12 10 Properties. Tins: 861.35151 words
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Article49 1982-05-26 20 FINANCIAL TIMES INDUSTRIALS Monday 575.8 Friday 560.6 Week Ago 575.8 Tuesday 1383.32 Monday *****3 Week Ago. 1334.06 AUSTRALIAN INDUSTRIALS DOW JONES AVERAGE INDUSTRIALS Monday 836.38 Friday 835.90 Week Ago 845.32 Tuesday 662.6 Monday 660.2 Week Ago 669 3 ALL ORDINARIES H.K.HANG SENG Monday 505.9 Week Ago 516.549 words
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Article145 1982-05-26 20 AP NEW YORK, Tues. Stock prices opened sharply higher today after the first cut in the prime lending rate at a major bank since mid-March. The Dow Jones average of 30 industrial stocks jumped 5.23 points to 841.61 in the first half an hour, with two stocksAP - 145 words
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338 1982-05-26 20 IN SPITE sharply higher sales, Ye# Hiap Seng Ltd was able to report only a modest increase in group pre-tax profit for Its Interim period ended March SI, 1182. Yesterday, the food and beverage group nnnonnced 12.2 per cent rise In gronp pre-tax profit338 words
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Article187 1982-05-26 20 A SALE by Central Properties el wok af Its Investments (ram Its muiti-ailllton d«Utf portfolio has brought la aa except!—slly high extraordinary profit nf H-T7 million for the year ended Dee SI, IMI. The profit has swelled Central Properties' attributable earnings to shareholders to187 words
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Article359 1982-05-26 20 CHRIS LIM - Companies Editor: Mano Sabnani By CHRIS LIM UNITED Engineers has sunk into the red with crippling losses of $22 million a performance worse than what it had forecast in April. Preliminary results released by the company yesterday showed that total loss for the group before359 words
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Article282 1982-05-26 20 PERN AS Sime Darby is acquiring the Hertz car rental franchise for Malaysia and Brunei. The latest development follows Inchcape's announcement in April that its licence agreement with Hertz for its self drive hire business in Malaysia and Singapore will not be renewed after its expirty282 words
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Article832 1982-05-26 20 LONDON, Tues. Equities firmed slightly today while government bonds were little changed after another subdued session, dealers said. At 3pm, the Financial Times index was up 3.5 points to 579.3. Trading was overshadowed by the Falklands conflk't and news that UK unemployment continued to rise this month had832 words
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Article270 1982-05-26 20 LEONG Huat Industries has, as expected, released another set of poor results. The group yesterday announced a pre-tax loss of $524,834 on a turnover of $9.7 million for the financial year ended Dec 31, 1961. It has also skipped dividend payment. No reasons were270 words
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Article, Illustration803 1982-05-26 20 mm mm... by HOCK LOCK SIEW IT'S A waiting game. Investment fund managers and institutional investors have a larger-than-usual portion of their assets in cash at present. Several of them have, in fact, picked out stocks which they feel are worth buying, notwithstanding the current worldwide recession.by HOCK LOCK SIEW - 803 words
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Page 20 Advertisements
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Advertisement280 1982-05-26 20 mm Digital Equipment Corporation is' the 2nd largest computer manufacturer in the world with total sales to date of over US$3.5 billions and experiencing a 35 percent growth rate. We now invite applications from suitably qualified candidates to fill a key position in our Singapore Branch Office: SALES UNIT MANAGER280 words
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Advertisement150 1982-05-26 20 If someone stains your expensive carpet,you can either replace it- or wish it was a instead. We suggest you call Heuga before it's too late. Take, for example, when someone stains or damages a Heuga carpet tile. There are two simple ways to make the carpet look as good as150 words
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Page 20 Miscellaneous
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Miscellaneous58 1982-05-26 20 BWPCTtHIEiRI OUTLOOK for Singapore today: Cloudy throughout, showers in the afternoon. Report for 24 hoars prior to 7.M pm on May 25 at the airport: Maximum temperature 32.7 Associated humidity 63 Minimum temperature 25.3 Associated humidity 93 Hours of sunshine 8.30 Rainfall in millimetres Trace Total rainfall for the month58 words
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SHIPPING TIMES
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445 1982-05-26 21 THE Port Authority of Thailand will impose an across-the-board increase in tariff charges at Klong Toey Port to obtain more revenue to offset continuing operating losses, Thai Communications Minister Amorn Sirikaya said. The PAT board of directors has approved the rises445 words
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592 1982-05-26 21 JUNE LIM - By JUNE LIM SHIPPING conferences serving the outbound Asean trade should withdraw the bunker adjustment factor (BAF) when computing the shippers' bill. The proposal came from Dato Lew Sip Hon, chairman of the Federation of Asean Shippers' Council, at its sixth annual meeting in592 words
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PORTSIDES
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Article68 1982-05-26 21 Reuter THE Western Australian ports of Fremantle and Kwinana were operating again yesterday after waterfront workers ended a six-day strike and returned to work, a union spokesman said. Ron Inkster, Waterside Workers Federation Fremantle branch secretary, said a mass meeting of the men decided to handle cargoReuter - 68 words
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Article81 1982-05-26 21 Reuter INDIA'S major ports are free from congestion, and ships are able to get a berth as soon as they call, Shipping Minister Veerendra Pa til said. He told a parliamentary committee India's ten ports handled cargo traffic of 87 million tonnes in 1961-82 (April/March) against 82 millionReuter - 81 words
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Article53 1982-05-26 21 Reuter THE Japan/Hongkong and Japan/Straits Freight Agreements said their currency adjustment factor (CAF) will be raised to 21.5 per cent from 17.0 per cent, effective June 1. The Japan/Ceylon Freight Conference said it will revise the CAF to minus 0.5 per cent from minus 5.5 per cent, effectiveReuter - 53 words
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Article679 1982-05-26 21 ShlpplaR Ltoe Pag* C*l Arhipelego Shpg VIH 1 Afea vra 1 AlfredCT VI 1 Ailtrant va Alpnc VI S Anhsing X Antara Shpg V APC Line IX APL m 4 Argentine IV Ary» Shpg X ASCL m Asia Merchant VI Atlas Una X Australian Coat VI S679 words
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Article756 1982-05-26 22 AFP FREIGHT rates were under some pressure last week, with little new business available and Soviet charterers indicating that they will not need any more vessels until July and May be reletting some tonnage in the Atlantic. In addition, the Falkland crisis and Ascension Day holidays inAFP - 756 words
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Article, Illustration585 1982-05-26 22 P&O's cruise ship Sea Princess is now on her maiden European cruise under the British owner's house flag. P&O has previously operated the 1966built ship (ex-Kungsholm) in the Australian cruise market. However, it was decided last year that the ship would be better585 words
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Article102 1982-05-26 22 THE Philippine North American Conference (PNAC) has started to accept peso deposits to facilitate the release of dollar allocations to shippers using conference lines. Conference members noted that there are certain banks which require the presentation of the original bill of lading before any dollar allocation102 words
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Article82 1982-05-26 22 IN A report in yesterday's Shipping Times on CMCR, the name of one of the vessels should read as Nautisa, which has a capacity of 630 TEUs instead of 63. Exports to Nigeria account for 70 per cent of the Far East/West Africa trade. The freight rates quoted82 words
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Article1596 1982-05-26 22 GRAIN chartering out of North American ports on Monday generally received steady freight rates with a cargo from the US Gulf to Antwerp-Hamburg range paying U5510.25 and a vessel from the Gulf to the Spanish Mediterranean obtaining $12.05. Business from the Gulf to Japan included a 19,000 tonner1,596 words
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Article215 1982-05-26 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 EABT/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANBO (STRAITS/AUSTBALIA): Australian National Line. Australia/Straits Container215 words
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Article389 1982-05-26 23 A US$6O MILLION coal carrier, the first of a new generation of coal-fired coasters, has been ordered from the US East Coast Quincy Shipyard. The 36,000 dwt vessel was ordered by the New England Electric System (NEES) but will be operated by the Philadelphiabased Keystone Shipping389 words
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Article, Illustration414 1982-05-26 23 OWNERS LOST FAITH WITH U.K. FLAG AFP BRITAIN'S merchant fleet suffered its biggest-ever decline in 1981 as owners "lost faith" with the UK flag, the General Council of British Shipping said in its annual report. The drop in the fleet totalled 147 ships of 6.3AFP - 414 words
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Article196 1982-05-26 23 UPI SOME people who saw the Queen Elizabeth 2 advertised nationally over the weekend, offering a luxury cruise across the Pacific, thought it had to be a mistake. The QE2 was pressed into service as a British troop ship three weeks ago and was expected toUPI - 196 words
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4975 1982-05-26 28 SCHEMHE 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 of4,975 words
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Article645 1982-05-26 29 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Arrival for LCL Movement Mode Ship Voy Date/Time Operator Cargo Schedule Arthur Maersk 8206 27.5.82 0800 Maersk 51 1500-1600 TT Takarl II 223N 27.5.82 1800 Cahaya 49 1600-1800/0100-0200 TT Bunga Penaga 20B/21A 27.5.82 0700 Nedlloyd 49645 words
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Article1877 1982-05-26 29 The leading shipping lines operating from local ports and their agents. A B Arhlpelega Shpg Singapore Shpg Agencies (S) Euro-Asia Line (PN KL PK) Adrlatir Caatalaer Continental Feeders (S) Cargo Freight (PKI AFEA Singapore Shipping Agencies (S) Euro-Asia Line (PK PN). Afre-EarasU Use Transgroup Pte Ltd1,877 words
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547 1982-05-26 30 THE PHILIPPINE Tuna Producers and Exporters Association Inc has filed a protest with the Philippine Shippers' Council over the high freight rates being charged by the Philippine North American Conference, which has been carrying the bulk of the country's export of frozen tuna547 words
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Article114 1982-05-26 30 Reuter SHIPPING companies are increasingly using ports in the United Arab Emirates as a "gateway" to other Gulf states, says the newspaper Gulf News. It reports a transformation in UAE ports which, in the late *****, suffered from severe congestion. Waiting time, a major problem barely twoReuter - 114 words
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Article550 1982-05-26 30 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Coral Princess 1/2 SSPL alongside 26.5.82/1200 King Bird 24 Guan Guan alongside 26.5.82/0600 KRK 18 E Mount alongside 26.5.82/1500 Kota Slngapura 10/11 PIL alongside 26.5.82/1830 Mendawi 25/6 Ocean Shpg alongside 26.5.82/2300 Sea Bloom 27 Ocean Shpg alongside550 words
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Page 21 Advertisements
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Advertisement388 1982-05-26 21 Everett Lines FOB THE MOST FREQUENT SAILINGS TO BANGKOK MONC. KONG JAPAN BUSAN CHIT TAGON(, Calcutta CMAI NA R ANGOON BUt NOS Alfit S MANZANH lO AC APUI CO Everett Steamship Corpn. S/A Clittord Ontte Singapore 1I el ***** 9 j •36 Beach Street Penang Rm 36 103 OCBC Bidg388 words
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Advertisement358 1982-05-26 21 OSEALORDO UASC UNITED ARAB SHIPPING CO'SAG) EXPRESS MULTI-PURPOSE SERVICES Loading tor ■.fflffltTrTnTTT? Dubai (16/6). Kuwait (22/6). lubail (27/6). Damnum (28/6), Abu Dhabi (4/7) Dubai (22/6). Abu Dhabi (24/6) Slwiaft (26/6). )übail (28 6) Dammam (30/6) Kuwait (2/7). Doha 4/7) Mina Qaboos (16/7). Dubai (18/7). Kuwait (20/7) Doha (22/7). Bahia* (24/7)358 words
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Advertisement26 1982-05-26 21 LONDON Freights H/IH WEEKLY Freights H CONSORTIA 0 SHIPPING Schedule vm/IX CONTAINER Schedules IX WHO Acts (w Whom IX SHIPS In Pert X REGIONAL Weather X26 words
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Advertisement214 1982-05-26 21 aristocraticv/ *yM SHIP CLOCKS 4 WATCHES OF SWITZERLAND PTE 110 MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC. GULF. ATLANTIC. EAST CANADA. ASIAN PORTS rtKelanc i Perisng Vessel Siagspore ILongbe&rmNew York 1/6 1/6 15/6 22/6 29/6 6/7 13/7 20/7 19/6 26/6 3/7 10/7 17/7 24/7 31/7 7/1 WT LJCA214 words
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Page 22 Advertisements
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Advertisement785 1982-05-26 22 miimffi FAR EAST/EUROPE CONTAINER SERVICE From Eiwpt 1) Gburg 2) H'burg 3) B«en 4) Rdam 5) LeH P Kelang Spore Sailed Sated Sailed Sited W Port Sailed Sated Sated Sated Sated 4/6 2/6 Sailed Sated Sated Sated Sated 8/6 9/6 Sailed Sated Sated In Port 27/5 18/6 16/6 28/5 31/5785 words
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Advertisement175 1982-05-26 22 SUPERCARRIER SERVICE Hue Sea IP SjfMok (MMM 6/6 J/6 16/6 HIT MHMLS "BARBER PERSEUS" 2/6/12 "BARBER MENESTHEUS" 4/6/12. "BARBER TONSBERG" 17/1; "BARBER PRIAM" 2/7/12 TO: PANAMA <c*. cmml PMM «»> —US ATLANTIC —US GULF —E. CANADA 1/7 ®/7 11/7 U/7 14/7 l/« >/l TO: CALIFORNIA VANCOUVER US PACIFIC COAST i175 words
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Page 23 Advertisements
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Advertisement777 1982-05-26 23 The Straits Steamship Group occ Overseas Containers Limited Vj STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICE TO UK/CONTINENT LARGS MY U/j FMMinitT EXPRESS u/4 Liwwa MT 27/1 HONGKONG EXPRESS 03/7 CTTTf Of EOnUNM TORIO EXPRESS 11/7 CONTAINERSHIP SERVICE FROM UK/CONTINENT H bun Bieoi r«M< Li777 words
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Advertisement549 1982-05-26 23 Leopo ild Walford Shipping L I |JN>ridwd« Acefrts for the Antofifasta (Chie) I Bofivia Raiwa? Co Ltd ff CAB) ?£d E ?.I! ROUGH BILL 0F LADWG SERv FROM SINGAPORE FCI 0R GROUPAGf TO INLAND POINTS If J CHILE. BOLIVIA NORTH ARGENTINA VALPMUU SO ENTRV CHILE MCA WOFAGASM t FOR DET/549 words
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Page 24 Advertisements
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Advertisement587 1982-05-26 24 -Lloyd Car 4** l Bay Betunon I*l* Bay Frtafchrt Eipress Lnrtiport by Honftont Eiprtss 15 6 17/6 22 6 2* 6 1/7 3/7 9/7 11/7 16 7 18 7 21/7 23 7 Alsu accepting trjnyupment cargo tor CARIBBEAN WIST WW: ■M' j.'W ill A fW HK S pore P KHani587 words
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Advertisement334 1982-05-26 24 p mmmmt KOREA SHIPPING CORPORATION SPORE P K elanj PENANG VEGA 173W 8-10 km 11-13 June 14-16 June FROM BUSAN BANGKOK VEGA 174E 8-10 June 11-13 June 1416 June TO BUSAN ALTAIR 177* 28-30 June 1-3 July 4-6 My FROM BUSAN BANGKOK ALTAIR 178E 28-30 June 1-3 July 4-6 July334 words
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Advertisement565 1982-05-26 24 r EVERGREEN LINE FAR EAST/EUROPt CONTAINER SERVICE ACCEPTHG Fa ft ia CARGO FOR: SCP m O fll HM WM IM» *U b« P«rt 14/4 11/6 20/4 22/4 21/t Iwm L«M 2/1 3/C 11/4 24/4 24/1 21/4 M/t 1/7 lim U/t 4/7 4/7 1/7 14/7 11/7 also tcctrme ta/ia t fa/fa565 words
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Advertisement1028 1982-05-26 24 Everett Lines Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON I'pn l«m| Pwianj 29/1 km MTOKYWA 1/1 km M M U/13 tm PA6AN 11/22 tm B f S S C Ag«nH in Motoyuo BOUSTEAD SMPWNG TEL NOS KL *****4/4)7387— PKELANG *****1/8 PENANG *****1/8 CampsiM* ArfMtina 0* MavtMCion1,028 words
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Advertisement379 1982-05-26 24 SI NOSE MARITIME PTE LTD \m SANKYO LINE japan/straits sat vice SPMPOUE SMOtt MARITM PTE ITO TEI *****44/7 t *****70 KUALA LUMPUR EAST »S4* SMTrWG SON BK> TEL 404(44 *****0 PORT KELANG EAST ASIA SMPPWG SON BM) TU 30 0732/3/7251 PENANG MMATSIA TRADE I TRANSPORT LTD TEI 67W3 I (3725379 words
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Page 25 Advertisements
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Advertisement1072 1982-05-26 25 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HOOEIDAH, JEDDAH AQABA (Reefer Cntrs Acceptable) EAST AFRICA/REDSEA SERVICE KOTA MOWNI V.E-355 KOTA FAJAR V.E-353 Singapore Leading tor 10/13 July Mogadiscio, Jaddah, Port Sudan 27/30 Juna DarttuUam, Mombasa, Hodaidah, Jaddah, Port Sudan, Aqaba KOTA CANTIK V.E-S7S KOTA PUSAKA V.E-381 Singapore Loading tor: 31/21,072 words
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Advertisement778 1982-05-26 25 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE TO MOW Carigwlay Senator Largt bi Frar*Kr' Eipretl Lnr*rpa*l Bin Honponj Etpreu My 01 Edrtwfh lo*» Eipreu hm'tww FROM EUROPE M BURG 6 HAVEN R DAM HAVRE SO TON W German)!/ Austria Beneiui France Alt UK P AeunjS pore larp Bay Sa**d778 words
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Advertisement814 1982-05-26 25 K K P t? iA| fl i ft m s Scan Dutch 9 WEEKLY EXPRESS CONTAINER ■p/uk/mc/scan SERVICE B PFWttA AASOH 27/1 rpTmw 1/1 28/1 b M»t» ban *a i/t ajhahm t/t 4/1 ANSON 3/1 B PIHACA PATKXJS 7/1 MHON 15/1 11/S S STAR 9/1 ANSON 10 4 B DMIM814 words
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Advertisement530 1982-05-26 25 BOUSTEAD SHIPPING AGENCIES BANK LINE \v AjJ. TO UK/COHT IVYBANK CLYDEBANK FORTHBANK CORABANK SPORE R OAM HULL HMBG 14Jun 10 Jul 13 Jul 16 Jul 28 Jun 24 Jul 27 Jul 30 Jul 5 Aug 31 Aug 3 Sep 7 Sep 11 Sep 7 Oct 10 Oct 14 Oct Lines530 words
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Page 26 Advertisements
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Advertisement1349 1982-05-26 26 EXPRESS CONTAINER SERVICE FEEDER VESSEL STOKE K lACENON KITE In Pt i. nam n < km I JACEJM VI4E 11 tun MOTHER VESSEL "WSO MARU (a (teIAPAN AMBROSF 'NEW YORK MARU Mm cab BOSTON (U JM) NORFOLK (li JM) (a (a PWMXLPHU <20 JM) PHRADELPHM (30 U) Mto accepting MONTREAL1,349 words
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Advertisement551 1982-05-26 26 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE tar KB WW US SM FRANC SCO SEATTU. TACOMA VANCOUK* B C *cc«p*m Fa/fa COTtanon P *tUnf xnjpuit I Aflptrs lAM/TI i m 7 M» TO AM AUSTRALIA EXPRESS CONTAINER SERVICE k.ctp*n ra/ra Cwtm™ PMtan Spore MHO AdH Sy* Uso acco*fc MT 3km551 words
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Advertisement533 1982-05-26 26 KORINS MARITIME SERVICES ITI Room 601. ICB Building, Shenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES S pore P KHant loadmg For: BUNG A ARANDA 10 June Bandar Abbas'B Khomeni BUNG A VANOA 14 June Bandar Abbas/B. Khomeni I© Hyundae Shipping Co. Ltd. ASIA533 words
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Advertisement570 1982-05-26 26 INTRASEA (PTE) LTD, Suik-<?616 Internationa!-P:arj Arson Ro Singapore 0207 Tel *****11 i l O L BREAKBULK SERVICE TO EUROPE/UK ACROPOLIS BMI2 15 k Vessel lnfc| at Rata Kaxabafei S pore P RN«I loadait tor 15 fern 9km BOULOGNE/RDAM/UK (AVON) FULL CONTAINER SERVICE TO EUROPE/UK Singapore Loadng Nr TM KM M570 words
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Page 27 Advertisements
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Advertisement622 1982-05-26 27 NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE a membef ot the ACf Consortium STRAITS/AUSTRALIA RO-RO CONTAINER SERVICE A memfie' 0* tt)e Anro Consoflu P. KELANG Also accepting cargo to/from Bangkok and E. Malaysia USA CONTAINER SERVICE We accept LCL Cargo. Eastbound To: Seattle, Oakland, S. Francisco, Longbeach, Los622 words
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Advertisement653 1982-05-26 27 MALDIVE LINES MALDIVE PMK In Por Loading For DUBAI/ DAMMAM KUWAIT MALDIVE NEIGHBOUR Loading For Jeddah MALDIVE PLEDGE 15/6 Loading For MUSCAT/DAMMAM/ KUWAIT OCEAN GLORY 5/6 Loading For Male MALDIVE NAVIGATOR 15/6 Loading For Kuwait MALDIVE PRIZE 15/6 Loading For Jeddah MALDIVE MPORTER 28/5 Loading For Male MALDIVE NATION 7/6653 words
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Advertisement956 1982-05-26 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD Sw® 0104 Tetephooe Numbers *****3 (15 Lms) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS 2510S P. KELANG PENANG M/S SHARftAT NAM SOON SON BHD IST AND 2ND FLOOR. MESSRS HAI THONG SWfMC 23 WeM Oua. Penane NO 1. JALAN956 words
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Advertisement70 1982-05-26 27 SAMSHiP WOOD CARRIERS TMBER I PLYWOOD SERVICE TOa/tMM ROM UMMMM rum LOMMEFOt ELM* 77/5 2J/5 S/f MKTD/m/MfT m nuano/usMuim ono mmw ran auci mcaoT AQENTB: B*POWE: CONFRE-ABIA PTE LTD 2M7/2*14 UIC SLOG SHE NTON WAY, SMOAPORE AQENTS KX. OMENTAL! Tel: SI2S2S (5 Llaea). OMSK* Of THE TNT WORIOMDE GROUP Of70 words
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Page 28 Advertisements
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Advertisement626 1982-05-26 28 s s c Group SINGAPORE SHIPPING CORPORATION PTE. LTD. 201H FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LiNFS) GENERAL *****1 (22 LINESI TELEX RS ***** RS ***** A B CARSMIP CABLE CARGOSHIP Regional Container Lines 2 SAILINGS A WEEK to/from BANGKOK BERTHING EVERY NOON TUESDAYS, SATURDAY SINGAPORE ISLANDS LINE626 words
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Page 29 Advertisements
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Advertisement289 1982-05-26 29 EGYPTIAN 1 INTERNATIONAL LINE (EIL) EGYPTIAN FLAG St Mlt »»Sl* t N SHIPPING P!{ ITO 1119 Ntxld IfJdf Centre Mjnlr* Squirt S po»e 040") tli RS ***** Irt 273M11 B*r ?*****1 ?73b38? HS H M Sflr Bhd Kl If! *****3 4860?/ Pt del let 3869% tli 39?1i Pfnjnj tel 360289 words
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Advertisement320 1982-05-26 29 CARGO SPACE AVAILABLE ON LINER VEBSELS LOADING FOR MADRAS. COLOMBO. OUTGO, CALCUTTA, RANGOON, KARACHI BKK. MANILA, MUSCAT, DUBAi, DAMMAM, KUWAIT, ALEXANDRIA, MARSEILLES. R*DAM, REUNION, DURBAN, CAPTOWN, ANGOLA, JAK, SAMARANG, SURABAYA S PLADJU INDOGULF FREIGHT SERVICES TEL: *****00. *****01 TELEX: RS ***** INDGUL TIGER EXPRESS LINE Eipren S»nnc« to CMTTAGONG 1320 words
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Advertisement89 1982-05-26 29 3415, hIHMiHd run. taw M. Spin 0207 M *****11 (S fern) 224M11 Tdw IB 2*29 I REGULAR CONTNNER SERVICES FCL AND LCI TO. AUSTRALIA, NEW ZEALAND, UK/EUROPE, USA, CANADA, HONGKONG, TAIWAN OTHER PORTS/DESTINATIONS ON REQUEST LIAN HUAT SHIPPING CO, (PTE.) LTD. FN ■rmmnoNM ruu. nix rum. ant mvun STOH 121789 words
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Page 30 Advertisements
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Advertisement699 1982-05-26 30 HAJ SHIPPING SDN. BHD. I'.i IAI lIMJII HA! jAh hJKI Ml AM, Hi W99/H IKfMSI «0%6 lilt I MA (%4hMAISHf HAMDAHV: 5/12 In Port 29/5 HAMDAHY: 6/12 13/6 15/6 HAMDAHV: 7/12 1/7 3/7 •HAYATI 7/12 •HAYATI t/12 •NATATI V: S/12 P KELANG ETA ETD hi Port 27/5 7/« 23/6 25/6699 words
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Advertisement228 1982-05-26 30 la MAGNA MARINE LINES £3. BLUE OCEAN LINES MECT REGULAR HON COHERENCE SOTVKf TO CQLOMO AND KttUCH Rainbow (kuin Line s..i TO: MEDITERRANEAN SEA S'pre F Kdani ftnanf Lu*i( tar. SOUL* K In Port Pwt Satf/Ateian*ia/ Linassol/BervL Ptraetn/Lattalua (fart Sudan/Aqaba/Manai Subject to teductwwt) SAGASIA PTE LTD. (LOUS OREYFUS GROUP Of228 words
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Advertisement343 1982-05-26 30 1 SINWAH CONTAINER LINE KGUUkIt CONTAINER HO SERVICE TO AUSTRALIA. NEW ZEAL AH) AM) FAR EAST M V XMHUA MEN M V XMHUA LONG ETA S port 2 June 12 June ACCEPTMG CONTMNERISED CARGO FOR MANILA, HONGKONG, SYDNEY, MELBOURNE AUCKLAND AND WELLINGTON General Agents TICK FMK SMPfMC ft EMTEIfttSES CO.343 words
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Page 30 Miscellaneous
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Miscellaneous162 1982-05-26 30 Regional Weather i 2S E £4 M a t rS M c m 8 Ik °c f~y Wiw Wind direction with speed in knots® Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R. Thunderstorm Temperature °C Shower Weather s-J Wind direction with speed in knots®162 words
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