The Business Times, 3 June 1982

Microfilm: NL12203
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 93/1/82 THURSDAY, JUNE S, 1182 60 CENTS
    11 words
  • Article
    Only seven companies invest more than $150m
    539 1  -  By ZHOU MEI ISHIKAWA JIMA-Harima i Heavy Industries' invest- 1 ment is the only non-petro- < chemical venture in Singapore worth over $150 million in terms of gross fixed assets invested. There are just seven international companies manufacturing in Singapore which have investments
    539 words
  • Article
    City Dev to acquire Adelphi
    443 1  -  By CHRIS LIM CITY Developments, the property arm of the Hong Leong group, is believed to have reached agreement in principle to acquire the new Adelphi Hotel project for about $106 million. Business Times understands that the purchase will either be paid for by the
    443 words
  • Article
    Stiff competition hits power cable makers
    704 1  -  By LIM SOON NEO SEVERE competition, both local and foreign, is taking a heavy toll on the once lucrative $70 million power cable industry here. Manufacturers blame the gloom on oversupply in the local market because of the proliferation of the number of plants
    704 words
  • Article
    Asean-CCI plans to group clubs
    236 1 THE Asean Chambers of Commerce and Industry (Asean-CCI) plans to group the industry clubs under its ambit into 10 major sectors. Chairman of the Asean Working Group on Industrial Complementation (WGIC) Ricardo Guevara said the number of industry clubs has Increased over the years and
    236 words
  • BRIEFLY...
    • Article
      Lock icon Dockyard strike over
      76 1 AFP SYDNEY, Wed. Dockyard workers in Sydney and Melbourne, striking in protest against the letting of defence contracts to a Singapore dockyard, returned to work today. This follows their five-day strike in retaliation to contracts let for the sandblasting and painting of three Royal Australian Navy warships
      AFP  -  76 words
    • Article
      Lock icon Pemex chief on tour
      85 1 Reuter MEXICO CITY, Wed. The director of Mexico's state oil company Pemex, Julio Rodolfo Moctezuma Cid, has left for a 12-day Asian tour aimed at expanding commercial relations in the region, the company said. Moctezuma Cid will discuss crude oil sales with officials in Tokyo, Seoul,
      Reuter  -  85 words
    • Article
      Lock icon China warns US
      119 1 Reuter UPI TOKYO, Wed. Chinese Premier Zhao Ziyang today warned the United States that their relations would be seriously harmed if arms sales to Taiwan continued. Mr Zhao, here on a six-day official visit, said Sino-US ties were at an important crossroads because of US arms sales
      Reuter; UPI  -  119 words
    • Article
      Lock icon Security powers
      94 1 Reuter COLOMBO, Wed. The Sri Lankan government today said it will use its security powers to prevent extremists from provoking racial unrest within the community. State Minister Anandatissa de Alwis said the Cabinet was informed at its weekly meeting today that inflammatory pamphlets seeking to rouse communal discord
      Reuter  -  94 words
    • Article
      Lock icon Capital export rules
      61 1 Reuter ZURICH, Wed. The Swiss National Bank is likely to ease capital export rules soon, banking sources here said. One major change could be the lifting of a clause which requires foreign central banks, governments and foreign banks generally to hold privately placed Swiss franc notes until
      Reuter  -  61 words
    • Article
      Lock icon Polish delegation
      77 1 Reuter GENEVA, Wed. Poland sent only a government delegation to the annual conference of the International Labour Organisation (ILO) opening in Geneva today, avoiding a public protest against any worker delegation not led by interned Solidarity Free Trade Union leader Lech Walesa. Deputy Labour Minister Krzysztof Gorski led
      Reuter  -  77 words
  • Article
    Kuwaiti coach contract for Chua Heng
    290 1 CHUA HENG Industries recently secured a contract to build 46 nlr-eoodltioaed bases tor Kowalt. Locally, the coach aad bMkt builder Is also building If luxury tmtĔm far Nam Ha, mk of Singapore's largest tear operators. The two contracts are worth "well over $3 million,"
    290 words
  • Article
    Glaxo to spend $10m more on factory
    333 1  -  By LEE HAN SHIH BRITAIN'S largest pharmaceutical maker, Glaxo, is so confident of its new anti-ulcer drug that it is investing another $10 million in its ne v factory here even before the plant becomes fully operational. The Singapore plant, Glaxochem (Pte) Ltd,
    333 words
  • Article
    Lock icon Fears over napalm
    132 1 UPI BRITISH commanders fear Argentine forces may use napalm in their efforts to repel a British assault on Stanley, capital of the Falkland Islands. Last weekend in the recapture of the Goose Green settlement, Argentine bombers dropped two napalm fire-bombs but missed the British second battalion parachute
    UPI  -  132 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      241 1 TopsinCcrAucfio Technology FUJITSU TEN LIMITED AMATEUR PHOTO STORES LTD. Singapore Phone *****22 Kuala Lumpur: Phone *****3/*****0 P«nang Phone *****/***** Jakarta. Phone *****9 WEARNE Brothers turns in a marginal increase in group pre-tax profits.... Page 12 HOCK Lock Siew on the strong breeze that is blowing Acma shares into the stock
      241 words
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      Page 1 Advertisements Column 2
      43 1 TheChesaat the Hotel Equatorial thinks highly of a Diners Club 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 today.
      43 words
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      Page 1 Advertisements Column 3
      62 1 EdltorUl...pftge I THETRUCK RENTAL COMPANY YOU'VE NEVER HEARD Of EITHER. At B7W, not only are we trying to make a name for ourselves in car rental, but we have flat beds, pick-ups, vans, right up to 3 tonners as well. All with the extraservice that used to be unheard of.
      62 words
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      Page 1 Advertisements Column 4
      26 1 >i\< .\h >ki Offshore banks: Making waves •Tourism growth: Half of last year s? Music instruments trade: Key to success Relations with Britain Bonds sti strong ,]%/~(-&'&*'&>@?~&@<][!_`'@]$,)
      26 words
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  • BANKING AND FINANCE
    • Article
      Barclays' success with credit cards
      638 2  -  TECHNOLOGY AND THE FUTURE BANK By LEE YOKE MENG CARDS and other cardrelated products took centre stage at yesterday's congress on Technology and the Future Bank. Speakers at the congress organised by Consulton discussed several types of card and related systems, such as the Barclay
      638 words
    • Article
      FRCD issue from Japanese bank
      202 2 THE Singapore branch of the Long-Term Credit Bank of Japan is seeking funds from the Asian dollar market for the third time this year with a US$l5 million negotiable floating rate certificates of deposit issue which features a redemption option. The four-year paper, maturing on
      202 words
    • Article
      Lock icon HK property sector borrowing continues
      706 2 Reuter THE pace of bank lending to Hongkong's beleagured property sector has not slowed, in spite of an average drop of about 30 per cent in land and property values over the past nine months. "In percentage terms the growth of lending has fallen slightly
      Reuter  -  706 words
    • Article
      Plessey Singapore starts banking division
      324 2 PLESBET Stagapere, dlsUibator sf Dai i saghs cawpaters, has started a hanking dlitalsa ta enable tt to gain a hittill In the banking market. Mr B J Kendall, Pleasey's rtglsnsl Manager, said the dlvtaton was (wnMl ahent a year nge and new has fear marketing
      324 words
    • Article
      Lock icon Tokyo forex reserves fall
      89 2 UPI THE Bank of Japan's active intervention to bolster the sagging Japanese yen forced Japan's foreign exchange reserves to decrease for the sixth straight month in May, the Finance Ministry reported. Japan's foreign exchange holdings at the end of May totalled U5526,543 billion, a decrease of
      UPI  -  89 words
    • Article
      Lock icon Fed appears to be relaxing its money supply targets
      606 2 Reuter EVIDENCE is growing that the US Federal Reserve is interpreting its money supply targets less rigidly than at any time since October 1979, financial analysts said. In that month, the Fed switched the focus of its monetary policy from interest
      Reuter  -  606 words
    • Article
      BONDS AND LOANS
      642 2 NV PHILIPS Gloeilampenfabrieken is raising 100 million Deutschemarks through a 10-year Eurobond with a coupon ot BVi per cent, leadmanager Dreadner Bank AG said. Pricing will be set on June 7 and the bonds are callable at the borrower's option from 1988 at 102, declining by half
      642 words
    • Article
      Lock icon Samurai bond coupon likely to be raised
      422 2 Reuter THE coupon on samurai bonds, yen bonds issued by foreign borrowers on the Japanese capital market, is likely to be raised soon, following a fall in secondary market prices of domestic Japanese bonds, underwriters said. The Finance Ministry advised underwriters it will
      Reuter  -  422 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        462 2 THE foreign exchange market remained uncertain and nervous yesterday. Trading was fairly active but there were lots of movements in rates. Generally, the US dollar against most currencies was strong. Against the local currency, the dollar opened at 552.1060/85 and active buying resulted in it reaching a high
        462 words
      • Article
        TOKYO
        234 2 THE US dollar for overnight delivery in Tokyo yesterday closed firmer at 244.65 yen, «off its high, from its 30 opening, after an active day's trading during which the Bank of Japan is believed to have sold another $200 million to defend the yen, dealers said. This was above
        234 words
      • Article
        London
        27 2 Opening quotes yesterday were: US -1.7820/30 Can-*****/93 Cross 1.2496/99 DMk- 4.2560/625 DF1-4.7250/300 S FY 3.6375/425 B FY con 80.44/57 F FY 11.1075.325 Lit 2353.25/2360.00 Yen 438.25.439.39
        27 words
      • Article
        PLR
        22 2 THE nvernge rnte nt which mnjor Singapore bnnks nre currently prepnred to lend to their best customers is 11.06 per cent.
        22 words
      • Article
        ASIAN $
        178 2 ASIAN ASIAN currency deposit Interbank rates as at close on June 2: US Doli*r»(Spoil Offer Bid 7 days 14* 14* 1 month 14 11/1614 9/16 2 months 1411/1614 9/16 3 months 14V 14* 6 months 14 13/16 14 11/16 9 months 1441 14* 12 months 14* 14* Das. 8w.Fr*. (MlMb
        178 words
      • Article
        Discount
        44 2 RANGE at prices offered by dis count houses an June 2: Overnight: 4% Call deposits: 4% Closing Bsrtac Belting 3-month Treasury bill* 4 3* 3-month Bank bUls 101/16 915/16 3 months CD 9H 9W 6 months CD 9* 9* Source: National Discount Co
        44 words
      • Article
        Treasury bills tender
        43 2 THE Monetary Authority of Singapore has invited banks and discount houses to tender (or a total of $150 million 91-day Treasury bills to be issued from June 7 to June 11. Each tender must not be for less than $250,000.
        43 words
      • Article
        HONGKONG
        100 2 THE US dollar in Hongkong yesterday firmed against all major currencies supported by higher Asian dollar rates in fairly active trading, dealers said. The FYench franc fell sharply to 6.2075/21Z to the dollar from an early 6.1750/ 1850 and New York's 6.1725/ 75 close, reflecting speculation over the possibility
        100 words
      • Article
        Gold
        290 2 SINGAPORE gold futures yesterday closed slightly lower in quiet trading following lower overses market advices, dealers said. Total sales for the day was recorded at 153 lots with kerte noted at 159 lots. Trading centred on August contracts. Prompt closed at U*****.00/318.50 an ounce against 321.20/322.20 Tuesday, August at
        290 words
      • Article
        Silver quotes
        33 2 TBM Mm New York 6.02B ClOMd 6 09S Zurich 6.QZB 6.12S Singapore WM 6.00B XvCS 6 20B (.106 6.30S Closing prk «in US dollars troy ounc f. Source: Credit Suisse, S'pore
        33 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      50 2 SPECIAL OFFER >W .irr r THE POOL FAB Fully Automatic Pool 10.2 m x 4.5 m Built-in breakfast bar Automatic Chlorination Automatic Cleaning All yours for *S$ 58,000 including $8,000 worth of Automatic Equipment FREE For the first 10 pools only. International POOL FABRICATIONS (S) PTE LTD TEL: *****13 *****88
      50 words
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      Page 2 Advertisements Column 2
      148 2 EUROPEAN ASIAN BANK (Incorporated with limited baWity in the Federal RepuWc of Germany under the name of EUROPEAN ASIAN BANK Aktiengesettschaft) Singapore Branch 5525,000,000 NEGOTIABLE FLOATING RATE SINGAPORE DOLLAR CERTIFICATES OF DEPOSIT DUE MARCH 4,1986 In accordance with the provisions of the Certificates, notice is hereby given that for the
      148 words
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  • TRADE AND INDUSTRY
    • Article
      Leather industry faces two tough tasks
      398 3  -  By WONG MAI YUN THE leather industry faces two main difficulties import restrictions in developed countries and competition for ever cheaper and better synthetic substitutes. The point was made by the High Commissioner for India, Mr C Dasgupta, when he officially opened the International
      398 words
    • Article
      Kitchen machine designed for Asian cooking
      300 3 SINGAPORE will saaa he pndxtag a IM eam-Utehea naehlie designed It yean age by aa Indlnn for Arinn cooblag. An ladlaa maaafactarer, Power Central and Appliances (Bambay), kas catered lata a Jalat veatare agreement with a Ueal partner to ■ssemkle aad later maaafactere the
      300 words
    • Article
      Grand Moulin to make bread here
      478 3  -  By SALMA KHALIK ONE of France's largest milling companies will be setting up a factory in Singapore to produce French breads for the regional market. Grand Moulin de Paris, established towards the end of the 19th century, currently supplies flour and flour mixes under
      478 words
    • Article, Illustration
      Work on MRT tunnel
      112 3 WHAT looks like a tunnel in the picture has now become the side wall of a tunnel. After the picture was taken, the space where the men were standing was Ailed with concrete to form a 4.3-metre wall of an MRT reserve. The reserve an 18metre
      112 words
    • Article, Illustration
      Automotive exhibition chalks up sales of $2.26m
      709 3 TRADE TALK THE fifth Asian Automotive and Accessories Exhibition saw sales of $2.26 million and orders expected over a £2-month period to exceed $20 million. The 127 companies took up 156 sq metres of space 4nd represented 300 manufacturers from 21 countries. Ih
      709 words
    • Article
      Seminar on crime prevention for hotels
      170 3 THE Singapore Hotel Association, in conjunction with the Singapore Police Force, is organising a halfday seminar on crime prevention on June 9 at Merlin Hotel from 9.00 am to 1.00 pm. The seminar, which is essentially for non-security personnel of hotels, will attempt to
      170 words
    • Article
      Ngee Ann's freshman orientation
      111 3 THE Ngee Ann Polytechnic Student's Union will be holding its Freshman Orientation week from June 7. Mr Khong Kit Soon, principal of the Polytechnic, will officiate at the opening convention. Activities during the week include community service projects, a cultural and entertainment evening, a games day,
      111 words
    • Article
      MEMO PAD
      689 3 SEMINARS AND COURSES May 17-June 24 (Mondays and Thursdays): Microprocessors (ZILOG ZBO Module 1), Sisir, Sisir May 18-June 25 (Tuesdays and Fridays): Microprocessors (Motorola M 6800 Module 1), Sisir, Sisir May 21-Aug 10: Programming Techniques and Assembler Programming, Cuppage Centre, NPB May 24-Aug 2: Computer Programming and File
      689 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      152 3 m —1» ;uv *U K*3BKmn ;.y AT TUDOR gi £Jk BALLROOM Mi «r f J S? Cr O WmmmmM With John Murray's highly acclaimed comedy mmsm. V9KUK 1 >** v Starring Suzanne Danielle Patrick Mower From June 6 to 12, 1982 //At 25, Maggie Kendall feels it's about time she
      152 words
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  • OVERSEAS
    • Article
      Lock icon Japan's position at the Versailles summit
      405 4 AP URGENT attention should be given at the economic summit in Versailles to finding ways to maintain an open, multilateral trade system and to revitalise the world economy. Japanese Deputy Minister of Foreign Affairs Nobuo Matsunaga, discussing Japan's position on the coming seven-nation summit,
      AP  -  405 words
    • Article
      Lock icon US to persuade Europe to limit trade with Russia
      423 4 TEMPORARY MEASURES Reuter THE United States will ask West European leaders to agree to temporary restraints on trade and credits to Russia while avoiding a return to the cold war of the *****. Mr Reagan said on Tuesday he did not
      Reuter  -  423 words
    • Article
      Lock icon Reagan's original budget likely to meet defeat again
      666 4 NYT THE HOUSE of Representatives returned from a brief holiday yesterday to try and salvage the wreckage of the 1963 US budget. Indications are that the focus will move further towards the Republican side. The failed marathon effort last week to pass
      NYT  -  666 words
    • WORLD IN BRIEF
      • Article
        Lock icon ECONOMIC MEETING
        417 4 Agencies ABOUT 40 delegates from 12 countries will attend a three-day meeting on Pacific economic cooperation scheduled to begin in Bangkok today. A United Nations official said the meeting will discuss economic interdependence between members of the Association of Southeast Asian Nations and other Pacific countries. WEST Germaa
        Agencies  -  417 words
    • Article
      Lock icon WORK RESUMES AT CITROEN AFTER STRIKE
      229 4 AFP WORK baa resamed la Ave Cttnet (Mtoriei ar«aad Paris alter a Ave-week strike that east Fraaee's third biggest carmaker aa estimated W mllllea traaes. The strike, which lavetved aheat werkers aad east Cttraea SMM ears la lest predacttoa, threateaed last week to spread
      AFP  -  229 words
    • Article
      Large increase in lending commitments of Opec fund
      448 4 THE year 1961 marked the greatest expansion in the volume of operations of the Opec Fund for International Development, according to Ibrahim Shihata, the fund's director general. In the fund's 1961 annual report he said that lending commitments during the year increased
      448 words
    • Article
      Lock icon Four companies sign Newfoundland oil pact
      193 4 Reuter MOBIL Oil Canada Ltd. a Mobil Corp subsidiary, said four oil companies signed an agreement under which they will earn a 37 Vi per cent interest in parts of certain exploration permits off Newfoundland's east coast. Pan-Canadian Petroleum Ltd, Norcen Energy Resources Ltd
      Reuter  -  193 words
    • Article
      Lock icon EEC farm subsidies
      138 4 Reuter SPENDING by the European Economic Community on controversial (arm subsidies could rise sharply next year. Community sources said a confidential memorandum drawn up last month by EEC Farm Commissioner Poul Dalsager indicated that the US$l4 billion earmarked for subsidies in the 1963 budget would not be
      Reuter  -  138 words
    • Article
      Tax measures to help Canadian oil and gas sector
      569 4 THE changes announced by the Canadian government in its national energy policies will provide some relief to the oil industry, but the help is too limited in duration to lift the industry significantly. Energy Minister Marc Lalonde had announced a series
      569 words
    • Article
      British Petroleum against price rise
      401 4 BRITISH Petroleum is opposed to the proposed US$2.5O-a-barrel increase in the prices of Britain's North Sea crude oil. Norway has raised the prices of its North Sea oil by $2.50 to an average $33.50 a barrel amid signs the prices may rise again next month.
      401 words
    • Article
      Lock icon GM and Ford output down last month
      423 4 UPI GENERAL Motors and Ford Motor built fewer cars last month than in the same month last year, but truck production for both rose substantially. GM, Ford and Volkswagen of America were the only companies to report car production figures on Tuesday. Figures
      UPI  -  423 words
    • Article
      Lock icon Portugal still hopes to enter EEC by 1984
      331 4 Reuter PORTUGESE Prime Minister Francisco Pinto Balsemao said he still hoped Portugal would enter the EEC by 1984. After talks in Paris with French President Francois Mitterrand and Prime Minister Pierre Mauroy, he said Portuguese textile exports, free movement of Portuguese labour
      Reuter  -  331 words
    • Article
      Lock icon Jakarta opens investment office in New York
      561 5 AP AMERICAN businessmen are failing behind their foreign competitors in Indonesia. They should play a bigger role in that country's rapidly expanding economy. In a speech marking Indonesia's opening of an investment promotion office in New York, former US ambassador Edward Masters said
      AP  -  561 words
    • Article
      Lock icon France prepared to lend Burma US$33m
      280 5 AFP FRENCH External Trade Minister Michel Jobert at the conclusion of his visit to Burma said it had helped considerably in cutting through "the huge zone of indifference" existing between Burma and France. Meanwhile, French sources in Bangkok, where Jobert stopped off on his
      AFP  -  280 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      758 5 ARRIVALS Service Local Operator Number Time From MAS MH15A 0020 KUL PAA PA005 0145 JFK/SFO/HKG SLA SQ41 0706 MAA SIA SQ101 0805 KUL MAS MH671 0920 KUL MAS MH680 0955 KCH RBA BI421 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030 HLP CAL CB14 1030 HLP
      758 words
    • Article
      Lock icon US-Chinese talks on nuclear cooperation
      462 5 Reuter AMERICAN and Chinese officials are discussing the possibility of an unprecedented agreement opening the way for US companies to bid for a role in China's nuclear power programme, US State Department officials said. The talks, described as preliminary discussions so far, are breaking new
      Reuter  -  462 words
    • Article
      Lock icon Withdrawal from pay pact
      326 5 Reuter ITALIAN industrialists have announced their withdrawal from a 1975 agreement linking pay rises to the country's inflation rate, and one leading union immediately called for a general strike. Political sources said the mood in Parliament was tense in anticipation of trouble within the shaky five-party
      Reuter  -  326 words
    • Article
      Lock icon Building of new Isuzu factory begins
      229 5 UPI ISUZU Motors Ltd yesterday began construction of a new factory to produce engines for fuel-efficient subcompact cars for supply to its American affiliate, General Motors Corp, company officials announced. Isuzu, Japan's No 3 truck maker and No 6 car producer, said the facility
      UPI  -  229 words
    • Article
      Lock icon Tokyo calls for shorter air route to Beijing
      127 5 Reuter JAPAN hopes China would accept proposed shorter flight routes between Tokyo and Beijing which would overfly Korea. Japanese Foreign Minister Yoshio Sakurauchi told visiting Chinese Foreign Minister Huang Hua that Japan needed shorter routes to save fuel and time. Huang was
      Reuter  -  127 words
    • Article
      Lock icon Dacca announces new industrial policy
      412 5 AFP THE Bangladeshi government has announced a new industrial policy to further liberalise the investment procedures and to assign a greator role to the private sector in industrialising the country. Adviser for Industries Shafiul Azam said the new policy had been formulated to provide a
      AFP  -  412 words
    • Article
      Lock icon Geneva conference on run-down of forests
      221 5 AFP EXPORTERS and importers of tropical timber began a conference in Geneva on Tuesday on the worldwide run-down of forests. In world terms, only one hectare of tropical forest is planted for every 13 hectares razed, and it takes 30 to 50 years before
      AFP  -  221 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
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      171 words
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      Page 4 Advertisements Column 2
      97 4 Visit Asia's Greatest Leather Attraction Asia's best for the third year running INTERNATIONAI. feather IfWR Incorporating the first INTERNATIONAL LEATHERGOODS FAIR JUNE 2 5,1982. WORLD TRADE CENTRE, SINGAPORE OPEN DAILY: 10a.m. 3p.m. (Trade registered visitors only) 3p.m. 6p.m. (Public) Come and see what's in store for you at Asia's premier
      97 words
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      146 5 Morning, Noon Night i International. II I I Now Thai International offers you the choice of .|s?3 superb flights from Singapore to Bangkok, everyday. Our early morning breakfast flight leaves at 8.30 am, giving you a full day ahead in Bangkok. Lunch-time Service The convenient lunch-time service departs at 12.40
      146 words
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  • Article
    Key for Japan to open markets
    416 6 JAPANESE Deputy Foreign Affairs Minister Nobuo Matsunaga's latest salvo in the escalating trade dispute between Japan and its trading partners is unlikely to catch them napping. Mr Matsunaga said urgent attention must be paid to revitalising the world economy at the coming Versailles economic
    416 words
  • Article
    Careless talk costs lives
    201 6 THE ARMCHAIR diplomats who now want Britain to hang about outside Port Stanley in the hope of an Argentine surrender are, presumably, the same ones who successfully advocated rolling about in the south Atlantic, taking the odd pot shot, in the hope of a peaceful settlement.
    201 words
  • Article
    Lock icon A Japanese money-making racket
    742 6  -  A good number of Japanese corporations are bled of hundreds of millions of dollars each year by a special group of shareholders known as the sokaiya, This article looks at how these people operate and at what is being done about them. By IKUO ANAI Reuter
    Reuter  -  742 words
  • Article, Illustration
    Lock icon Gambling on videodiscs
    1265 6  -  Manufacturers of videodisc systems hope they will equal the success of video cassette recorders as a popular home entertainment product. Millions of dollars have been spent developing three rival systems, but videodisc sales in the US have not been very encouraging By GUY de JONQUIERES FT BRITAIN
    FT  -  1,265 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      648 6 TWO-IH-OME CROSSWORD CRYPTIC PUZZLE ACROSS 1 Vessel about to be wrecked (1-4) 6 See a measure as a sure success (5) 9 Flying novices in a crazydrama (7) 10 Character getting a letter from a president (5) 11 Alter so as to give the alarm (5) 12 Not exactly the
      648 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      800 6 r mm Recovering heat energy TONIGHTS Towards 2000 (Ch 5, C.2spm) expltrM a •abject very topical ia Singapore energy conservatton. Each year, millions ef kilowatt bears el energy are wasted la heat lest tram the power generation process. Nearly two-thirds of all the caal ased to generate electricity dissipates Its
      800 words
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  • Article, Illustration
    Brave new world of the old
    1239 7 The stage is set for a unique population explosion. As fewer babies are born and people live longer, the world is beginning to witness the emergence of a new generation the over-60s. THIS is the age of ageing. As more people are living into
    1,239 words
  • Article, Illustration
    Lock icon Rabbit's now a tortoise
    918 7  -  By JOHN O'BRIEN UPI THE New Stanton Volkswagen plant in Pennsylvania, first foreign auto assembly plant on US soil, took off like a rabbit when it opened in 1978. Four years later, it is acting more like a tortoise. For a time, the East Huntingdon township
    UPI  -  918 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      332 7 £\\i Britannica 3 and give yourself and your family the Britannica advantage! it's the key to success in a competitive world That's why you should give your child all the advantages you can. Especially the tools for success. (That's what a parent's love and responsibility are all about.) Certainly there's
      332 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        221 8 JUKI 01 Pn COBBEILLE Air-Liquid* BIN Ovnrate 1MB -4 -0 C S P (ThomaonCW Pranemlae das PMnIm Ml JO -LS at CnaimnH ruitncttrv CoopiCiiM Ocoerml* Cradlt Foocier J00 I HadMO* (Ubrmlrte) «M -9 Bull mdMUi (B) u 757 -04 4-0 Pirlbti Pachlnay Clglne Kutlotnn PfM|Q4 Philips (Nt Otro Bastt)
        221 words
      • Article
        Frankfurt
        133 8 JUMI Dm Aa(-T*i«runkcn Akao MJO Alia Leben Alia Vara z BASF into unch Baj M T Wtank Bmj Vtmnk ar BMW Cham Varw CpmiMi ConU Oumml ZZI UOJO HZ MJO -U HZ I44J0 mm Dalmlar-Bana DafuaM MM unch DNU| ZZZ 131M DtuticlM Ban* DrwdMf Bab* noto 151-00 -0-5 Dt
        133 words
      • Article
        Brussels
        70 8 JUM* 01 FORWARD MARK IT Arar 443 Artwd 1*0 +10 Ajtur «M »53 1 Bructn 04 4 Bni-Lanb IS +44 Caniiac 1040 ♦14 Doci 1» Dt Bmts ZU DM 1680 -IS DactrotMl 4370 +§0 Ob-lnno-Bm W® Ott M Hobok >190 +100 P»tro Ryi Dutch mm -m Sldro 1374 +10
        70 words
      • Article
        Zurich
        109 8 JUNt 01 Pnaa AeUora Sulaaaa M6«i xd -4 AJuauMa Rm Brawn town Br. Cite (Mo Br. 510 im im ♦i -H Clba Oc«7 P C 10 Cite (Mo Raa Cradlt SuM> Br Credit BuMt Itof IMtromtt Br. Oaorfc Plaebar Br Ototoua Pe STJ I Si xra 446 no 4
        109 words
      • Article
        Amsterdam
        116 8 JUNE 01 1 la abn Mini unch Tvao +oj thn MJO -0.4 AUIV BJB -0J Amfmi 71.00 -05 AmroteU siao -0.7 z Bote Rnrvumll MJ0 +0J 3110 -0.7 7U0 -0.7 moo -03 PokUr »J0 -0J Otnnt OtstHroc T1 JO +0J Ootmn HimMitr iwSn 80 JO -L> 15.10 -0J Hundou
        116 words
      • Article
        Milan
        90 8 /uw* n Ur» Bum IS -4 Bel— 3DQ0 M4 OaaMa (M 4M» 1* Oood Acqut Ram* muii irm *ao mm im OmnU UMM *MM OUD M» in pn* 3Hi +»i Invaat KM unch ihmbbu m in +m IMIai (10 Ltpatit Ort M40Q mtrnmm mm +m lllltM Aa Ord \mo
        90 words
      • Article
        TORONTO
        151 8 juke m a MB 'iTr**'* AtMD I -ft -ft a* •ft -w Bath Oorp B -1ft •ft 19ft -ft •ft -ft Bft -ft <'g Ift -ft uominco Coot Bath Bft -ft 4* uncb i*V' r ft Itft +ft Don Mora Dam TW 15ft uncb IBH -ft Oi *m Ufa
        151 words
      • Article
        JOHANNESBURG
        247 8 JUNK 01 land INDUSTRIALS A Alpha 3006 unch Abarcom TK -5 AE And CI MO -10 A MIC MO no 1300 unch Bwhwi Cf Sunt unch CWA Cufrto Dnanct 100 ■0 unch urvh Dt Bwn Ind Idpn HOC twndi FV1 v^ifc M0 unch OftnllAQ OlenanJ Orttemn Hippo US 100
        247 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      825 8 !:(}<)$$}"._:**%[`[}`<{?:++"_^= Where to nine, dine and entertain with the American Express Card Tvt v ViV 5, Va v 1 ViV i ViV W.I VjlV-J 5 c ßufhj JSTh+tn The true Singapore flavour Our popular Nonya Buffet Luncheon ar a special just to name a few. Take your pick, it's great
      825 words
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      Page 8 Advertisements Column 2
      215 8 This is Thai Seafood at its authentic best So fresh, it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant vOQfjMXnl Oxley Rise/Penang Road. Singapore 0923 Tel: *****11 (20
      215 words
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  • Article
    Market ends weaker on nervousness
    1208 9 NEW YORK STOCKS STOCK prices in New York on Tuesday closed lower as investors became increasingly gloomy over the outlook for interest rates and the economy. The Dow Jones industrial average closed off about 4'/2 points at 814.97. The average has closed lower 13 out
    1,208 words
  • RAW MATERIALS
    • Article
      Produce exchange
      170 9 CHINESE Pwim Exehaage, per 1M kg yMtertey. CwMMt «U: Bulk fob $100.00 sellers, ok) drum (In second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. Capra: Mixed (looae) $54.00 buyers. Pepper: Muntok white pepper fob Asta NLW $352.50 sellers, Sarawak white pepper faq fob NLW $347.50
      170 words
    • Article
      TEXTILES
      142 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yara: China Blue Phoenix 20s 2,345 32s 2,910, 40s 3,110 (per bale of 400 lbs). Paktataa raw eattea: LSS 5.80, 4F 5.78; 289F 5.92; NT roller ginned 5.83 (per lb). CLOTH in
      142 words
    • Article
      RICE
      321 9 SINGAPORE: Yesterday's closing prices in S$ 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.
      321 words
    • Article
      SOYBEAN
      189 9 SOYBEAN futures in Chicago on Tuesday edged off day's lows late on local short-covering, to settle with 13' A to ten US-cent a bushel losses. Prices followed the generally lower trend in commodity markets all day amid heightened deflationary concerns, traders said. Initially, negative sentiment towards the chart picture
      189 words
    • Article
      WHEAT
      140 9 WHEAT futures in Chicago on Tuesday held losses late to close near the bottom of a 3Vi US cent range, down 3V« to 5Vi cents a bushel. All contracts slumped to new, season's lows during the session. Bearish sentiment over the technical picture after last week's sharp downtrend prompted
      140 words
    • Article
      LONDON MARKETS
      992 9 COFFEE: Robusta futures yesterday ended a quiet morning easier, between £15 and £6 a tonne below Tuesday's close in traded positions. Dealers said prices eased on some commission house selling in light volume. In the absence of fresh news there was no particular market feature. Dealers do not
      992 words
    • Article
      PALM OIL
      77 9 THE Kuala Lumpur crude palm oil market was closed yesterday. C.I.F. UK/North European ports, Including Antwerp, Bremen, Rotterdam and Hamburg in US dollars per ton unless otherwise stated: LONDON Tues Mob Malaysian 5% ffa bulk per tonne June 512.50»lr 510.00tlr Sumatra 5% ffa bulk June 510.00»lr July 506.00#lr
      77 words
    • Article
      RUBBER
      187 9 RUBBER prices in Singapore yesterday closed slightly lower with June One RSS buyers quoted at 184.50 cents per kilo, down one cent from Tuesday's close, dealers said. Morning prices were marked down slightly on lack of interest with the Malaysian holiday also depressing sentiment. Afternoon prices lost further ground
      187 words
    • Article
      RAS PRICES
      195 9 RAB price* In centt per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 184 00 185 00N lot. 1 R.S.S. June 185.00 185.50 Int. 1 R.S.S. July 1* 75 187.25 Int. 2 R.S.S 178.50 178.50N UK/Coat 175.50 177 SON Int. 1 R.S.S. 107.50 169
      195 words
    • Article
      Lock icon Plans to increase Thai rubber land
      152 9 Reuter THAILAND plans to grow an additional 129,500 hectares of rubber between now and 1986 as part of its policy to substitute tapioca with other crops, a senior agricultural ministry official said. Thavorn Visetchinda, director of the Rubber Estate Organisation, said 32,375 hectares of
      Reuter  -  152 words
    • Article
      Lock icon US copper slump likely to continue
      786 9 Reuter THE depressed conditions in the US copper market are expected to continue for at least the next few months, with no significant recovery until late this year or early 1963, leading government and private experts said. They said the traditional summer slowdown, with
      Reuter  -  786 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 parte now ready for use
      18 words
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      Page 9 Advertisements Column 2
      358 9 Asia, at your finger tips... Other than speed reading, there is another way you can know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten years of editorial expertise. We have extracted and accumulated
      358 words
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  • Article
    BUSINESS DONE ON THE SES
    1484 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. SECTION ONE INDUSTRIAL COMMERCIAL Acma (3.268 3.288) (2) 3.30 (5)
    1,484 words
  • Article
    Unit trusts
    166 10 SINGAPORE UNIT TRUST frfM tar 4mm I) The Commerce 2.92 1.07 rd The Savings Fund 188 1.76 S'pore Prog Fund 1.31 1.37 S'pore Sec. Fund 2.01 2.11 S'pore Invest Fund 1.11 1.11 S'pore Equity Fund 1.36 1.32 ASIA UNIT TRUST (Mimim 1 pitem br Jim S) Mai Invest
    166 words
  • Article
    SHARE INFORMATION SERVICE
    2865 10 Gr"s Gr*s Net 1982 Last Div Div Y'ld P/E Vol Dav High Low Company Sale or- C' 'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 350 247 Acma 326 -2 14.5 35 4.4 11.6 27 330 326 Alcorn 115 3.7 0.5 3.2 95.8 233 172 Allied Choc
    2,865 words
  • Article
    COMPANY BRIEFS
    425 10 IPOH Gardes has Informed the Kuala Lumpur Stock Exchange that it has only been "selected to negotiate" for the restoration of the Queen Victoria Building, following an international tender. It said it is still engaged in negotiations with the Council of the City of Sydney on the detailed
    425 words
  • In Hongkong...
    • Article
      ASSOCIATED Hotels Ltd's
      58 10 group net profit for the year ended Sep 30, 1981 was HK&91.03 million (*4.89 million). A one-for-10 bonus issue has been declared. The final dividend is 15 cents (35 cents), a total of 30 cents plus cash bonus of 12 cents (50 cents plus 19 cents). Books
      58 words
  • Article
    Prices close easier in selective trading
    855 10 IN THE Omw of fresh factors, the Itpgw stock ■wket (Mflnei to pat up p—% mixed to easier p>irfirmi»n yesterday to -—a a i -.1- -n„ quel am sdwuve moing. The Straits Times Mutrtoi todex, u 1.21-potot winner at toe morntog's etoae, shed LU
    855 words
  • Article
    DIVIDENDS ANNOUNCED
    930 10 Carreat Ex Beaks Date Tatal far Tetal far Paymeat Date Ctaae PayaMe tke year Prevteaa Akwm May 6 May 18 Jun 10 5% 4.8%(a) B Seankawaag 35%<f) Jul 23 Jul 30 Aug 16 35% 20% Bays Bate 5% May 20 Jun 1 Jun 24 5% 4.4%(a) ie% Apr
    930 words
  • Article
    SCRIP ISSUES
    190 10 fiif T Puttnliii Rx Date Bilks CUse KOHUp Malayavata Proposed bonus issue 0(4 for 5 Right* issue o( 1 (or 2 fe |1.40 per share Proposed bonus issue 0(1 for 2 Bonus issue of 1 for 1 Proposed rights issue o(l fori $1-00 per share Proposed right* issue
    190 words
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  • COMPANY NEWS
    • Article
      Tan Chong hopes new models will boost sales
      633 11 TAN CHONG Motor Holdings Bhd hopes that the introduction of several new models within its motor subsidiaries will help further improve its market position. The new models are scheduled for launching in the second half of this year, says Tan Chong chairman
      633 words
    • Article
      KLK hit by poor rubber prices
      184 11 POOR rubber prices and reduced profits from overseas subsidiaries have depressed Kuala Lumpur-Kepong's interim earnings substantially For the six months ended last March, group pre-tax profits fell 24 per cent to M 522.4 million on a 25 per cent drop in turnover to 161.44
      184 words
    • Article
      South-east Asia Firebricks plans to seek listing
      494 11 SOUTH-EAST Asia Firebricks Industries Sdn Bhd, a leading manufacturer of specialised industrial ceramics in Malaysia, is planning to go public next year. Mr Tan Kim Seng, the manager of South-east Asia Firebricks, told Malaysian Business Times that the family-owned company has plans to
      494 words
    • ASIAN STOCKS
      • Article
        Market closes easier
        438 11 HONGKONG PRICES IN Hongkong yesterday closed near the day's lows on profit-taking, but trading was light in the half-day session, brokers said. Prices fell initially in line with Wall Street with the depreciation of the HK dollar against the US dollar extending the fall in later trading.
        438 words
      • Article
        Tokyo share prices move lower
        457 11 SHARE prices in Tokyo yesterday fell on scattered selling of blue chips as operators reacted cautiously to the sharp fluctuations in the yen dollar rate and the overnight decline on Wall Street, dealers said. The market average shed 23.76 to end at 7,344.90 on a
        457 words
      • Article
        Sydney stocks weaker
        352 11 MAJOR miners in Sydney yesterday eased with most other resource sectors also lower after a fall in gold prices overseas and a weaker market on Wall Street, brokers said. At the close, the All-Ordi-naries index was 3.2 off at 503.1 while the industrial indicator gained 0.8 to
        352 words
      • Article
        Bangkok
        124 11 JUNE 02 Bahu Aokbam Thai AiLa Plhr* Aruthaja In* And Trust B*ncfcofc Bank Bui Of Ayudhaya Z aot unch IJH 164 -J Beta Shoe Berll Jucker Charoonc Thai ■nr. Firestone Iflft unch nm Trust Z 40 unch Oood^tr Industrial Finance Covp «M0 unch JaiaprmtAan Cement 1ZLM ♦S 4 Metal
        124 words
      • Article
        Manila
        78 11 JUNK OB Pwoi H Phil Hlda Acoje Mining (jo unch 00X2 unch Apex Mlnlnc B 41 unci) Alia* Coo B 1« unch Bute Petroleum 014 +0JM Benruet Con. B S unch Leoanto B Bta 0003 UtnndiimM B 4 -LB MiHUll Onantu B JH PhU Oo i »u cat PtUta*
        78 words
    • Article
      Bidder to raise capital of G Town
      374 11 THE kaadpatra Udder far Gearge Tawa Dlapeaaary, New mhenria Seeartttea Mb BM, lateada ts raise Its aathertaed aM lined capital ta al least M$M mllllaa ud $i miliiaa rcapettlvely aa a mave ta laiprave Gearge Tewa'a fatare propeeta aM paleatlal. Geerge Tawa'i preaeat
      374 words
    • Article, Illustration
      Stale bulls dominate dull market in May
      744 11  -  MONTH WAS By NAJEEB JARHOM IN SOME ways. May was a big letdown to stock market investors In Singapore. Just when confidence had risen steadily with the Straits Times Industrial Index reaching a threemonth high of 783.77 on May 13, the market turned
      744 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      175 11 we even rent Volvos to people who havent become Chairman or Chief Executive Even if you haven't reached the very top, you deserve a reliable car rental service that runs around the clock. The pick of our luxury fleet is at your call, any time. Rest assured too, that our
      175 words
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  • Chief Price Changes
    • Article, Illustration
      SINGAPORE
      218 12 The KUALA LUMPUR STOCK EXCHANGE was closed yesterday (Malaysian King's Birthday) Rises Nat Iron 506 25 AabMiidor 900 15 Miiu Fmilla 250 10 Dunlop lad 380 8 General Corp 308 0 Spore Land 755 5 I C B 710 +5 Olympia 147 5 S Finance 496 4 Sia Chew
      218 words
    • Article
      Selected indices
      48 12 FINANCIAL TIMES INDUSTRIALS Tuesday 587.3 Monday closed Week Ago 580.8 Wednesday 1377.82 Tuesday 1404.27 Week Ago 1413.47 AUSTRALIAN INDUSTRIALS DOW JONES AVERAGE INDUSTRIALS Tuesday 814.97 Monday closed Week Ago 834.57 Wednesday 862.6 Tuesday 661.8 Week Ago 662.4 ALL ORDINARIES H.K.HANG SENG Tuesday 506.3 Week Ago 510.3
      48 words
    • Article
      Lock icon Dow Jones mixed
      100 12 AP NEW YORK, Wed. The stock market was mixed this morning, levelling off after its steady decline of the past three weeks. The Dow Jones average of 30 industrials rose 0.57 to 815.54 in the first half hour. But losers took an 8-to-7 lead over gainers in
      AP  -  100 words
  • Article
    Marginal rise in earnings for Wearnes
    260 12  -  wmm Companies Editor: Mano Sabnani By CHOO AI LENG IN SPITE of having relinquished the franchise for Ford vehicles in Singapore and Malaysia, Wearne Brothers was still able to turn in a marginal 3.5 per cent rise in group pre-tax profits to $5.88 million
    260 words
  • Article
    Merrill Lynch bullish on S'pore hotel stocks
    680 12  -  By CHRIS LIM MERRILL Lynch, one of the largest broking houses in the world, has recommended Singapore hotel stocks for long-term investment. A recent study by the firm's international research department said prospects for the hotel industry in the short and intermediate term
    680 words
  • Article
    Promet's takeover of MKI-Kelengkapan
    190 12 PKOMET BM has replied to the Kuala Lumpur Stock Exchange's queries on its acquisition of MKI-Keleng-kapan Sdn Bhd (MKI-K). MKI-K was formed on May 26, 1900, with an authorised capital of Ms 2 million and has a paid-up capital of $1.7 million. Morrison-Knudsen Company Inc is
    190 words
  • Article
    Alexandra Holdings
    77 12 ALEXANDRA Holdings is venturing into the Hongkong market. Yesterday, the investment holding company announced the setting up of a subsidiary, Alesec Ltd, in the British colony on May 11,1982. Alesec, whose main ac- tivity is general trading, has an authorised capital of HK$l million divided into one million
    77 words
  • Article
    Condominium project at Tan Chong's Aljunied site
    500 12  -  By MAUDRENE NITHIANANDUM THE Tan Chong group plans to redevelop its twohectare property in Upper Aljunied Road into a middle-class condominium bousing project. This will take place when the company relocates its workshop and spare parts centre at the Aljunied site to a
    500 words
  • Article
    Haw Par buys rest of Supercraft equity
    124 12 HAW PAR Brothers International Ltd has bought over the remaining 50 per cent of Supercraft Singapore (Pte) Ltd, making the latter a wholly-owned subsidiary. Supercraft is a semi-dor-mant company whose main' activity has been the servicing of speedboats. Established in the late *****,
    124 words
  • Article, Illustration
    Lock icon Acma keeping cool
    1052 12 by HOCK LOCK SIEW A STRONG breeze is blowing those Acma shares into the stock market these days. "What's cooking at Pan Electric Appliances?" asked one investor. "And who has been fanning all those rumours about Acma?" The answers to these questions, I am told, will be
    by HOCK LOCK SIEW  -  1,052 words
  • Article
    LONDON STOCKS
    833 12 LONDON, Wed. Leading shares were generally a penny or two lower where changed after a lacklustre session today, with the Falklands conflict inhibiting trade, dealers said. Prices were marked down after overnight falls in New York on the US interest rate outlook and then traded narrowly around the
    833 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      536 12 Hotel TAI-PAN Limited (INCORPORATED IN THE REPUBLIC OF SINGAPORE) ANNOUNCEMENT Preimmary Announcement of Restih far the year ended 31st March 1952 The Directors of Hotel Tai-Pon Limited (HTP) are pleased to announce the results of the Company, subject to audit, for the financial year ended 31st March 1982 as follows:1.
      536 words
    • Advertisement
      Page 12 Advertisements Column 2
      127 12 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due sth June, 1984 of: THE FUJI BANK, LIMITED (Singapore Branch) DBS Building Shenton Way Singapore 0106 We hereby certify that the rate of interest payable on the above mentioned Certificates of Deposit for fhe Interest Period
      127 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      68 12 wmmtm OUTLOOK for Singapore today: Fair in the morning, thundery showers in several places in the afternoon, and fair again thereafter. Report for 24 hoars prior to 7.39 pm on Jane 2 at the airport: Maximum temperature 32.2 Associated humidity 61 Minimum temperature 24.0 Associated humidity 93 Hours of sunshine
      68 words
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  • SHIPPING TIMES
    • Article
      Lock icon Services to Kharg Island suspended
      161 13 Reuter Japanese shipping lines hive suspended oil tanker services to and from Kharg Island following Iraqi air attacks on the Iranian oil export depot on May 30, the Japan Ocean Liner Labour Association said. The association, grouping 22 major Japanese shipowners, has also asked the
      Reuter  -  161 words
    • Article, Illustration
      Evergreen and FEFC sign cargo agreement
      437 13  -  By JAN LEE THE FAR Eastern Freight Conference and a leading independent operator. Evergreen Line, are reported to have signed a cargo sharing agreement following a recent meeting between the chairman of the conference, Mr Hans Jacob Kruse, and Evergreen officials. According to the
      437 words
    • PORTSIDES
      • Article
        Lock icon Rate increases
        115 13 Reuter MEMBER lines of the Japan/Taiwan/ Japan Container Freight Conference said they will raise basic rates by 4.5 per cent from Aug 1. They will also raise the container freight station (CFS) charge to 3,180 yen per revenue ton from 3,050 yen from the same date. Member lines
        Reuter  -  115 words
      • Article
        Lock icon Japan to complain
        81 13 AP JAPAN will file a complaint with the Canadian government about what it say is a deliberate delay in handling Japanese auto imports at Pacific coast ports of entry, a government official said. An official of the ministry of international trade and industry said Canada recently has
        AP  -  81 words
      • Article
        Lock icon Training ship's voyage
        80 13 AP A SOUTH Korean training ship, the Hanbado, left for Venezuela following a three-day stay in Haiti. A spokesman said the 300-foot craft, used as a maritime training vessel, also planned a stop in Hawaii before returning home on July 15. Commanded by Commodore Min Woo Hong,
        AP  -  80 words
    • Article
      INDEX TO ADVERTISERS
      748 13 Mpytag LJae P»p c* Achipeiego Skp( Alca vin vm 1 1 All trans vn 4 A1p*c VI 3 Antara Shpg V 2 APC Une DC 3 APL Argentine m IV 4/5 4 A9CL m ASLCont VI 4 Asia Merchant Auauala Line VI V 4 1 Australian Coot
      748 words
    • Article
      Lock icon LONDON WEEKLY FREIGHTS
      712 14 AFP THE continued absence of Soviet grain charterers was felt on the freight market last week, when rates in the Atlantic appeared to be holding just about steady with slightly weaker levels. An improvement is not expected during the quiet summer months ahead. Interest on the grain
      AFP  -  712 words
    • Article, Illustration
      Cast holds talks with North Atlantic conference
      721 14 THE THRUSTING outsider shipping group, Cast, is holding talks with North Atlantic conference interests, its founder, Mr Frank Narby, said. However, he gave no indication how an operator like Cast, with its box rates, could join the conference unless either Cast or the
      721 words
    • Article
      Lock icon Taiwan's breaking industry recovering
      89 14 Reuter TAIWAN'S shipbreaking industry is recovering rapidly following a slowdown last year. Importers scrapped nearly 1.74 million light displacement tons (ltd) in the first five months of this year, more than double the 807,000 ltd in the same period last year. last year, 1.76 million ltd
      Reuter  -  89 words
    • Article
      LONDON FREIGHTS
      1479 14 FRESH chartering was very slow to develop on Tuesday following the holiday extended weekend but the fairly steady level of US$2O was agreed for a 52,000 tonner with grain from the US Gulf to Japan. The North American grain sector was otherwise lifeless but a feature of grain
      1,479 words
    • Article
      Lock icon Sharp increase in tankers laid up
      339 14 Reuter OIL TANKERS in laid up and idle rose sharply by 7.6 million dwt (32 vessels) in May to reach 47.5 million dwt (297 vessels) by the end of the month, London Shipbroker Howeard Houlder says. Lay-ups have fluctuated irregularly since the tanker crisis
      Reuter  -  339 words
    • Article
      Aussie committee to study recommendations
      149 15 THE Australian government, shipowners and maritime unions have set up a committee to examine ways of implementing recommendations of a report which called for the revitalisation of the Australian shipping industry. Other interested parties will be able to submit their views to the committee which
      149 words
    • Article
      Cargo plan causes great concern
      383 15 WHILE third country lines, particularly the Japanese, expressed worry over the approval of the Filipino cargo sharing scheme in the Philippines-US route, the Philippine shipping community appears to have taken a general "wait-and-see attitude." The strongest reaction so far had come from agents of YS
      383 words
    • Article, Illustration
      HK orders three Water Witch ships
      228 15 THREE water pollattoa enlnl vessels similar to thue operated by the Pari of Slags pre Authority, have been ordered by the Hoagkeag government to keep Its part clear sf poUsttoa. Hoagkeag, one of the world's haaiest parte, already operates a fleet of three Water
      228 words
    • Article
      CONTAINER TRAFFIC FORECAST
      290 15 THE rapid rise in container traffic during the past 10 years around the world is unlikely to continue at the same rate over the next decade. Overall traffic volumes increased five fold from 47 million tonnes recorded in 1910, to 255 million tonnes in 1980. According to
      290 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      4994 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
      4,994 words
    • Article
      Container Schedules
      587 21 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Ship Voy Arrival for LCL Movement Date/Time Operator Cargo Schedule Sea Hawk 38N 4.6.82 0700 E Maritime 49 1400-1500 Jenwel 15 A/82 4.6.82 0700 Thong Soon 49 Green Forward 1U16E 4.6.82 0700 Green Asia 49 1500-1600
      587 words
    • Article
      WHO ACTS FOR WHOM...
      1863 21 The leading shipping lines operating from local ports and their agents. A B Arklpeiega Skpg Singapore Shpg Agencies (S) Euro-Asia Line (PN ML PK) Adriatic Caataiaer Continental Feeders (S) Cargo Freight (PK). AFEA Singapore Shipping Agencies (S) Euro-Asia Line (PK PN) Afra-Earaate Ll* Transgroup Pte Ltd
      1,863 words
    • Article
      Offshore interests prominent in Furness results
      507 22 THE GROWING importance of Furness Withy's offshore interests has been underlined by the group's 1961 results, which show a drop of 13 per cent in profits. Furness, the UK arm of Hongkong's Orient Overseas Container (Holdings), suffered a fall in pre-tax profits to £11.4
      507 words
    • Article
      Lock icon W German shipyards deliver more ships
      153 22 Reuter WEST German shipyards delivered over 700,000 gross registered tonnes of shipping in 1961 after 406,000 grt the previous year, German Shipbuilding Association chairman Rainer Wollmann said. He said the outlook for 1962 is good following last year's successful result and full employment at
      Reuter  -  153 words
    • Article, Illustration
      Portland's new directory
      119 22 A NEWLY published directory of ColumbiaSnake River Ports is being offered at no charge by the Port of Portland, Oregon. The 66-page booklet describes services and facilities available at the 17 ports which range along the system from Astoria, Oregon, to Lewiston, Idaho. Maps, cargo statistics and
      119 words
    • Article
      Proposal to exempt exports from PPA wharfage charges
      626 22 A PROPOSAL to exempt exports from wharfage charges imposed by the Philippine Ports Authority was made recently during a regular meeting of the Philippine Committee on Trade Facilitation and Procedures (Philpro). Philpro's meetings are attended by representatives from various government agencies and
      626 words
    • Article
      The Consortia
      211 22 THE MAJOR shipping consortia operating between the Far East/Europe, Far East/Persian Gulf, Straits ports/ Australia, Straits/Japan and the member lines: ACE (FAB EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANBO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container
      211 words
    • Article
      SHIPS IN PORT
      522 22 AT CONVENTIONAL WHARVES Vessel KEPPEL WHARVES Dlny Hong Yin Kota Sabas Mega Taurus Ned Spaamekerk No 6 Donam Rajah Brooke Slnaloa Songlln Bharatendu Barber Perseus Bunga Oelang Cherry Lanka Equator II Frankfurt Oder Frotabelra Oolden Olobe Iloluta Kota Pelangl Kota Perwira Kwangchow Ned Amsterdam Ned Marseilles Ned
      522 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      298 13 HEUHG-A SHIPPING KOREA FLAG VSLS Regular Liner Semi-Container Service To: P.KeUnt/Keelunt/Busan/lnchon Fm: Busan/H.Kong/Banfkok Tel S'pore: *****11 P.K. *****4, PN *****5 K.L. *****0 nz_ .1 \RI )1 M AMAH sajju^q l-Jr Orient Overseas ConicuHeA Line FULLY CONTAMEMSED SERVICE TO EUROPE (VU SUEZ) B LCI 4/6 1300 MRS FULLY CONTAfOISED SERVICE FULLY
      298 words
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      Page 13 Advertisements Column 2
      353 13 OSEALORDO \1 UASC UNITED ARAB SHIPPING CO'SAG/ SERVICES Loading for MNNJI V.43 Ml 6/7 *41 11/7 Dubai (16/6). Kuwait (22/6). iubarf (27/6). Dammam (28/6) Abu OM> (4/7) Dub* (27/6). Abu Ohab. (29/6) Shariah (1/7). Jubari (3/7). Dammam (5/7) Kuwait (7/7). Doha (9/7) Also acceptint Containers tot Dub* and Iraq Mma
      353 words
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      0 13 \]/&}-@@"{,(?__,\=(]>%/]-<[?`>%
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      534 13 4>cnan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents: WNPAORCIIMBITIAMM A6EKY Fit LTI Tet *****4 (5 lines) SINGAPORE G3 MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: UJS. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS KeUnf Penang Sited 5-6/6 12-13/6 19-20/6 26-27/6 3-4/7 11-12/7 17-11/7
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      969 14 FAR EAST/EUROPE CONTAINER SERVICE Cmtmm Srwct feeder *P Kelang Vessel B. DMtM 4/6 JUTLAIOA B POIA6A 11/6 NIHOK B. OMftW 18/6 KORRIGAN B. POUGA 25/6 B SURIA B OMftW 2/7 N DELFT B. PENA6A 9/7 SELAMOIA To Europt S pore 1) Mseilles 2) Rdam 3) H'borg Gburg 8/6 23/6 28/6
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      182 14 SUPERCARRIER SERVICE PartirßueSM FROM: US GULF US ATLANTIC EAST CANADA 7/4 5/7 17/7 17/6 15/6 (VI 24/6 WIT MHWM.S "BARBER PERSEUS" 3/6/12 "BARBER MENESTHEUS" 4/6/12, "BARBER TONSBERG" 17/®; "BARBER PRIAM" 2/7/SZ TO: PANAMA m Cmtobaf. Paunu C*y); —US ATLANTIC —US GULF —E. CANADA BMKumrsus BMBO KWSnffU BWfflfS TONSKK TO: CALIFORNIA
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      674 15 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Cwtaiwtrrtip Srwce To/From Bancfcofc mm »Jtm S"nnwr« to htalt Sarawafc mi Bn—i (14 Ha (12 1 I (11 (11 (11 (11 R. I M«l Ht SUM Taw (n Lak W, SUn. 10 m Imm (11 Hun
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      387 15 FOR CHARTER REGENT COSMOS Bum 1971 Free Singapore June 10 15 DWT: 9100 Bale Cap. ***** cu. metre Grain Cap. ***** cu. metre 3 HO/HA Derricks: 2 sets 15 tons 3 sets 20 tons* 1 set 120 tons laterarted, Pta Telex: R*****2 •r Tel: TtllHl (Mr Ng/Er) Tg Franco Belgian
      387 words
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      578 16 10 com IN NT u* i*n M Fra*Mt Eifrtu ImrfMl by CRy «l [M*l Tefae E-ren EXPORTS 1/7 3/7 31/7 2/1 TO A 4 OIKRM* ri s 15/6 17/6 I 22 24/6 26/6 30 1!) **IM HMllPt MLDtURRAK S port PR Pen B*ao Genoa Htarf B hww Man Mtmv 12/6
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      Page 16 Advertisements Column 2
      379 16 K.S.L,ine KOREA SHIPPING CORPORATION STORE P. KeUnf PENANG 8-10 June 11-13 Jim 14-16 June 1-10 June 11-13 June 14-11 Jum 28-30 Jim 1-3 4-6 Juty FROMBUSAN BANGKOK TOBUSAN FROMBUSAN BANGKOK ALTAI! 178E 28-30 Jum 1-3 My 4-6 Jufy KX KX KX KX KX KX KX KX KX MX KX KX
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      Page 16 Advertisements Column 3
      425 16 f EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCEPTMG Fa ft La CM6O FOR: MP ML B MS FIX Ml MR IM iw 14/ C 4/7 1/7 1/7 li/7 11/7 Ewlm 2VI 24/» 4/7 IV7 17/7 U/7 n/7 22/7 iw Ufri V 7 4/7 IV7 */7 2t/7 Jt/7 1/J 2/| iuo
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      Page 16 Advertisements Column 4
      792 16 Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' LOAOMG FOR RANGOON B F S S.C Aganti r\ Motoyvo BOUSTEAD SHPHNG TEL NOS KL *****4/*****7—PKELANG *****1/8 PENANG *****1/8 CIMfMM ArgMHMH 0* KIMMM* S A C I f. mm ARGENTINE NATIONAL LINE' CTSA Transportation Marrtima Maxicana S. A. "MEXICAN NATIONAL LINE" FM
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      Page 16 Advertisements Column 5
      303 16 SI NOSE MARITIME PTE LTD 31 SANKYO LINE TMSHOMMU SMNTSKTM JAPAN/STRAITS SERVICE Sine apart P. Kate* TEL 30-0712/3/7251 MALAYSM TRADE I TRAMJPORT 118 Til {703 ft ***** SUN UNION LINE KYOWA LINE TO PAPUA NEW GUMEA/SOUTH PACIFIC Plata* Lead* tar Weta, mora, Mama. Lain Swa. UkuaMa. Pappeeta, Pafe, Apia at
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      1034 17 PIL GROUP FULL CONTAINER SbRVICE TO COLOMBO. HOOEIDAH. JEDDAH AQABA (Reefer Cntrs Acceptable) KOTA BAHABAT KOTA SAHABAT KOTA BAHABAT fT i ifil EAST AFRICA/REDSEA SERVICE KOTA MEW AH 10/I*Ju»y Vi-M KOTA FAJAA 27/JOJyn. Vi-M Ijfll LJM MII lil ■I In a* tw i<Mwy IMO9NIICK), mqomi, ron ouajn Jaddah, Port Sudan,
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      Page 17 Advertisements Column 2
      719 17 rpr» BEN LINE CONTAINERS EXPRESS CONT WO SGtRCE TO/FROM EUROPE FibMBI (^na Oh IMi lahtaUpraM hn Haw Bhavai r lan Hrrrt UK Sow St* i/i liph) 3/7 5/7 C/ 7 1/7 1/7 tot* 11/ l Fraaktart Lipess 11/7 13/7 14/7 IC/7 9/7 not EMOPt WBURC BHAVW ITOAM HAVRE SOTQN Dteaim/
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      Page 17 Advertisements Column 3
      598 17 Scan Dutch 9 WEEKLY EXPRESS CONTAINER 6/UK/NC/SCAW SERVICE 15? JUJ M »g—wr<wiHHwi#( ££L!wruiw a/4 23/4 a/i 29/1 1 V?" WIU w n/l a/i PCHKA A PAIWOS 7/4 wot 14/t M/( I/I 11/4 SIM 9/4 5/7 4/7 w WOW 11/4 U/f 1 StSSS?®/* 71 M a/ 7/7 W 13// IS/? msoh
      598 words
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      Page 17 Advertisements Column 4
      514 17 BOUSTEAD SHIPPING AGENCIES BANK LINE EXPRESS VDEPENDENT SERVICE TO UK/CONT SPORE R'DAM HULL HMBG IVYBANK 16 Jun 10 Jul 13 Jul 16 Jul CLYDEBANK 29 Jun 24 Jul 27 Jul 30 Jul FORTHBANK 9 Aug 3 Sep 6 Sep 10 Sep CORABANK 7 Sep 2 Oct 5 Oct 9 Oct
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      1382 18 "i K KAWASAKI KISEN KAISHA, LTD. EXPRESS CONTAINER SERVICE NEW YORK/E. CANADA FEEDER VESSEL S TOR i. POUER w 4 km WCATOR 5 tun NMCEJBIVI4E 11 kin 1 MO M 12 lun M OfitALD Vl] 20 kin ?l lun 25 Jul 5 Jul 31 Jul stor moh« kssei t«to mow
      1,382 words
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      Page 18 Advertisements Column 2
      346 18 CALFORMA/PACffIC NORTH WIST SEKVttE EXPRESS CONTANER/REEFER SERVICE LM*| I* LB MBOO. SM FRANCISCO WTTU. TACOM. RHUMB. IC. kopeefoyfa rint AUSTRALIA EXPRESS CONTAMER SERVICE f a/Kl Cehtm FMM« Saw IMb- AM Sfl AMm* W M/]m 4/5 Mm II Mm 24 Ma tn./fnm mr 21 Mm 22/23 Mm SM» 7Mr 13 My
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      Page 18 Advertisements Column 3
      546 18 KORINS MARITIME SERVICES Room 601 ICB Building. Way Singapore Tel *****22 *****67 P Kolang Tel *****4 *****5 MIDOLE EAST/RED SEA/EUROPE SERVICES Vsl!.' s 'm_ 10 km 20 June 2My Hyundae Shipping Co. Ltd. Leadtag F«r Mowtcn/San Juan/ St Om+f/U*. East Cm Band* hbkn/E Khomere Band* Abbas/B. fhmmt Band* Abbas/B. Khomeri
      546 words
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      Page 18 Advertisements Column 4
      561 18 INTRASEA (PTE) LTD V m BREAKBULK SERVICE TO EUROPE/UK FULL CONTAINER SERVICE TO EUROPE/UK mmm w. 41m MM/UMMI/irMhi/ Nn accapt* Centataen to Batoil/Trto*/UtaAto/Tarteia/Ateuoito/B«*d«d Half ac line S pore P. Kelang Load* tor ALPAC ASM V.ISS 20 Aom II km Maontws/Reunion/Durbon Vessel Loading at Kota Kinabalu Agents: Sngapore MTRASEA (PTE) LTD
      561 words
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      Page 19 Advertisements Column 1
      567 19 m nol NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): SS BRDGE 36W+. C CONTMNER ISN. K JACEWON ML. N GARNET 10N...... MERCATOR 26W K JACEJM 15N Also accepting cargo to/from Scandinavia SS BRIDGE S'pore Closing Times. FCL Cargo 0100 5/6 LCL Cargo 1300 4/6 FROM EUROPE (VIA SUEZ) TO
      567 words
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      Page 19 Advertisements Column 2
      514 19 MALDIVE LINES ETA KUANTM ETA PORT KELANG MALDIVE PMZE 20/6 Loadtng For OUBAI/ DAMMAM/ KUWAIT MALDIVE CHEST 20/6 Loading For Mate MALDIVE PLEDGE 10/6 12/6 Loading For MUSCAT/DAMMAM/ KUWAIT OCEAN GLORY In Port Loading For Male MALDIVE NAVIGATOR 10/6 12/6 Loading For Kuwait MALDIVE COURAGE 20/6 Loading For Aden MALDIVE
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      Page 19 Advertisements Column 3
      863 19 SINSOV SINGAPORE SOVIET SHAPING CO PRIVATE LTD SJNSOV BULOMG 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SMSOV SINGAPORE Telex Numbers RS ***** IB ***** RS 2510S P KELANC PENANG M/S SHARKAT HAH SOON SOU BM). IST ANO ?NO FLOOR. *SSRS HM THONG SHPPMG 23 Wefc)
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      873 20 T S S C Croup SINGAPORE SHIPPING CORPORATION PTE LTD VOTH floor OCEAN BJILDING SINGAPORE 0104 VARhETiNG *****2 13 I .fjf Si GENERAL 91 3111 t2?tIN E Si TELE* RS 2459S RS ***** A B CARSMIP CABLE CARGOSMIP HI l'i'f|ioii»l V 1 Container Lilies 2 SAILINGS A WEEK to/from BANGKOK
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      Page 21 Advertisements Column 1
      317 21 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG DMECT LINER SERVICE TO EGYPT (PORT SUEZ PORT SAIO ALEXANDRIA) stok nui rtsmi uiuuum ■i» WT 21 km 21 My 4 Mr? My II mmm «OTI Mr 7 Mr 20 Mr 23 M,2t VWB UVOT23 Mr 22 kfl 12 C«r®o Booking* PMh Phono 27MM1/2
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      Page 21 Advertisements Column 2
      340 21 CARGO SPACE AVAILABLE ON LINER VESSELS LOADING FOR MADRAS, COLOMBO. CMTTGG, CALCUTTA, RANGOON. KARACHI. BKK, MANILA. MUSCAT. DUBAI, DAMMAM, KUWAIT, ALEXANDRIA. MARSEILLES, RDAM, REUNION, DURBAN, CAPTOWN, ANGOLA, JAK, SAMARANG, SURABAYA PLADJU, TARAKAN .BONTANG A U.S. GULF INDOGULF FREIGHT SERVICES TEL: *****00. *****01 TELEX: RS ***** INDGUL TIGER EXPRESS LINE U»mi
      340 words
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      Page 21 Advertisements Column 3
      118 21 MIS. Mwmßwhl flua taa U S>n 0207 T* 22*2211 (12 km) B ***** FITIMM RE GUAR CONTAINER SERVICES Fa AND LCL TO: AUSTRALIA, NEW ZEALAND, UK/EUROPE, USA, CANADA, HONGKONG, TAIWAN OTHER PORTS/DESTINATIONS ON REQUEST w HAN HUAT SHIPPING CO, (PTE.) LTD. HTEMMTQIMI flAtt. 13TH FLOOR SUIT 1319/1370 STOK 0»? TTIS
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      119 22 w BINTULU CONTRACTORS SDN. BERHAD 37. "o'd Kuchnf Sarjwjk lei ***** ***** Exprra C*-C*n«r/10-RO Santo to East IMbysa t. KeUn( Loadm| tor MTTULU NO. 1 M/« 2 3/S/S2 KUCHMK/LMUM/KJt NNTU.U NO. 1 V: 11/12 15/1/12 KUCMK/SM/U BMIU.U NO. 1 Vill/C 27/1/12 KUCNNK/UMNM/m (Accepting vehicles/cargo for Smtmti Ports subject to Inducement.
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      Page 22 Advertisements Column 2
      213 22 MAGNA MARINE LINES MECT CONTMB ft MEAKBULK SWX TO t FROM SOUTH AFRICA WESTBOUND SERVICE smgapore pt. kelanc loams for Wf GENERAL VALUES M-12 SU> SJ> REUMON. TAMATAVE (BIT 197*) DURBAN PI. CAPETOWN MMM WOT M-13 10/6 1/6 do m BESSANC PASS VOV N-14 7/7 5/7 do (BIT 1975) EASTBOUND
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  • Page 22 Miscellaneous
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      Page 22 Miscellaneous Column 1
      156 22 a? WA *r X a m in 9*m*j \LI c Win 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 Wind direction with speed in knots Rain Cloudy Sky Wave height Ssrfaee winds are
      156 words