The Business Times, 11 June 1982

Microfilm: NL12203
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 FRIDAY, JUNE 11,1182 60 CENTS
    10 words
  • Article
    Asian $ market set to cross US$100b mark
    331 1  - Asian market set to cross US$100b mark By SOH TIANG KENG THE Singapore-based Asian dollar market is now a whisker away from the US$lOO billion mark. Bankers said yesterday the market looks set to cross the mark by this month. Total assets of the market, according to latest figures from
    331 words
  • Article
    Syrians disregard Israeli warning
    213 1 LEAFLETS dropped by Israeli jets served notice yesterday that Israeli forces were about to storm into Beirut and warned Syrian troops to leave the Lebanese capital "within a few hours". Hours after the tracts showered Beirut, there was no sign of a Syrian pullout, while the
    213 words
  • Article
    Lebanon crisis brings record gold trading
    489 1  -  By BERNADETTE CHOOI TRADING on the Gold Exchange of Singapore (GES) hit a record 678 lots yesterday following reports of heavy clashes between Israeli and Syrian forces in Lebanon. Yesterday's volume was also 151 lots more than Wednesday's. After a weak opening with prices
    489 words
  • Article
    Lock icon KL awards mandate for US$1b Eurocredit
    185 1 Reuter MALAYSIA has awarded the mandate for a US$l billion Eurocredit. The banks that won the mandate include Manufacturers Hanover Trust and National Westminster Bank. Details about the loan have not been finalised. Further talks are expected between the banks and Malaysia this week.
    Reuter  -  185 words
  • Article
    Term policies gaining in popularity here
    701 1  -  By LEE YOKE MENG TERM policies may soon overtake the traditionally major policies whole life and endowment as the most popular insurance policy sold here. Latest estimates from the insurance commissioner's office show that term policies last year took up 36 per cent of
    701 words
  • BRIEFLY...
    • Article
      Lock icon Aid for Indonesia
      77 1 Reuter AMSTERDAM, Thurs. The Intergovernmental Group on Indonesia said financial aid to Indonesia in fiscal 1962/83 is likely to exceed the World Bank's recommendation of US$l.B5 billion. Group members said after its two-day meeting in Amsterdam on Wednesday that $1.93 billion has been pledged by group members,
      Reuter  -  77 words
    • Article
      Lock icon Saving tin pact
      87 1 Reuter GENEVA, Thurs. A last-ditch bid to save a new pact to stabilise tin prices got a boost today when the EEC said it could live with the controversial terms of the Sixth International Tin Agreement (ITA). The UN, which holds up the tin agreement as a
      Reuter  -  87 words
    • Article
      Lock icon Unlimited strike
      76 1 AFP LONDON, Thurs. The main British railway workers' group, the National Union of Railwaymen, has decided on an unlimited strike beginning June 28, extending over the whole rail system and nationalised car ferries to back its wage demands. The union decided on the strike call against the advice
      AFP  -  76 words
    • Article
      Economic measures
      79 1 KUALA LUMPUR, Thurs The manufacturing sector has been «died upon to implement measures to broaden its base without delay so as to ensure steady economic growth and to promote a higher level of industrialisation. Finance Minister Tengku Razaleigh Hamzah said it was the lack of depth and variety
      79 words
    • Article
      Lock icon Setback for British
      88 1 AFP LONDON, Thurs. British plans for an assault on the main Argentine garrison at Port Stanley, the Falklands capital, received a setback when Argentine planes crippled two British landing ship» in the first low-level air strike for 10 days. Two bombs hit the 4,470-ton fleet auxiliary Sir
      AFP  -  88 words
    • Article
      Lock icon Colombian decree
      23 1 AFP BOGOTA, Thurs. The Colombian Cabinet today signed a decree ordering that martial law be lifted on Sunday June 20. AFP
      AFP  -  23 words
    • Article
      Lock icon Trading slump
      97 1 UPI TOKYO, Thurs. Reflecting the current world economic recession, Japan's external trade in May went into a slump for the fourth month in a row. Exports for the month totalled USSII.KI billion, down by 8.3 per cent from a year ago while imports were $11,128 billion, off 12
      UPI  -  97 words
  • Article
    Arab bank group opens first Asian branch in Singapore
    263 1 GULF Interaatiooai Bank a consortium of seven Arab banks opened Its first Asian branch here yesterday, forging an important iinh between Singapore and West Asia. Its «ashore branch office in Bangkok Bank bniiding will provide a full range of wholesale bank-
    263 words
  • Article
    Government accepts NWC proposals
    514 1  -  By RICHARD SEAH THE Government will be less active in future National Wages Council (NWC) negotiations as unions and management gain more experience. A Ministry of Labour statement said this when it announced that the Government has accepted the NWC wage increase guidelines of $18.50 (2.5
    514 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      207 1 Bookshops raLai THE short-term outlook for the Singapore stock market is fairly bleak, according to some analysts Page 11 DONALD Regan cautions against expecting any dramatic decline in interest rates this year Page 2 WHY Hitachi Chemical decides to start production of industrial printed circuit boards in Singapore Page 3
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      Page 1 Advertisements Column 2
      74 1 Le Chalet at theLadyhill Ffotel thinks a Diners (ill) member The highly acclaimed fondues of Le Chalet. Fondue Neuchateloise, Fondue Seafood Fondue and an extravagant variety of other famous Swiss dishes that won it the 'Restaurant of the World' plaque awarded by the International Food Editors' Association. Le Chalet among
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      Page 1 Advertisements Column 3
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    • Advertisement
      Page 1 Advertisements Column 4
      114 1 Minolta copy quality. With reduction. STAR ASIA presents the IN-thing for Singapore business r A Save with Hifax •An A 4 size tetex of 2,000 That 5-min telex to Japan will characters takes 5 mins. cost $30/- HIFAX costs only to transmit. HFAX takes $2.80 $4.20 About 90% only 20
      114 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Regan less optimistic about fall in US rates
      783 2 NYT AMERICAN Treasury Secretary Donald T Regan, who has predicted sharp declines in interest rates in the past, cautioned against expecting any dramatic decline in interest rates this year, even if Congress approved a budget resolution and then a budget. Turning to
      NYT  -  783 words
    • Article
      Lock icon AMERICAN CONSUMER CREDIT UP
      114 2 Reuter AMERICAN consumer instalment credit outstanding rose a seasonally adjusted USsl.lß billion in April after a $990 million March gain, the Federal Reserve Board said. The April rise was the largest since a $2.98 billion increase in September last year and pushed total credit outstanding to
      Reuter  -  114 words
    • Article
      Lock icon Arrangements for NZ loan project finalised
      310 2 Reuter UNDERWRITING arrangements have been finalised for the US$l.7 billion project financing package for New Zealand Synthetic Fuels Corp Ltd, lead manager Citicorp International said. It is believed to be the largest Euromarket project financing arranged where lenders have no recourse to the project
      Reuter  -  310 words
    • Article
      Lock icon HK may become major offshore deposit centre
      267 2 Renter HONGKONG may develop lata a ma Jar eeatre far offshore deposits, economists at the Chartered Bank Ltd said. The latest issue of the baak's Hngkoag Ecstatic ladicMtws aatea that while the switching tram HK dollars lata foreign currency depaalts occasioned by the
      Renter  -  267 words
    • Article
      Singapore market
      454 2 tRADING was hectic on the foreign exchange market yesterday. The US dollar opened steady against major currencies and finned in late afternoon, especially after news of an Israeli attack on Beirut airport. Against the local currency, the dollar opened at 552.1195/10 and moved steadily upwards to reach 552.1300.
      454 words
    • Article
      Tokyo
      209 2 THE dollar for overnight delivery in Tokyo yesterday ended at the day's high of 249.50 yen against a 248.30 opening, despite further Bank of Japan intervention in support of the yen, dealers said. This was well above both the 247.90/248.05 finish in New York overnight and the previous close
      209 words
    • Article
      PLR
      22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.08 per cent.
      22 words
    • Article
      ASIAN $
      183 2 ASIAN ASIAN currency deposit interbank rates as at close on June 10: US DoUara(Spot) Offer Bid 7 days 14 1/16 1315/16 1 month 14 7/1® 14 5/16 2 months 14% 14% 3 months 14 15/16 14 13/16 6 months 15 3/16 151/16 9 months 15% 15% 12 months 15*. 15%
      183 words
    • Article
      Discount
      44 2 RANGE of prices offered by discount houses on June 10: Overnight: Call deposits CI—iK Buying Selling 3-month Treasury bills 4 3'* 3-month Bank bills 99/16 9 7/16 3 months CD 9 5/16 93/16 6 months CD 9* 9 1 Source: National Discount Co
      44 words
    • Article
      Gold
      375 2 GOLD futures prices in Singapore yesterday closed marginally higher in moderate trading here, dealers said. Prices were about $2 lower at the outset but thereafter recovered on increased buying interest and some covering support, they said. Volume totalled 678 lots, including 170 on kerbs, with August the most active
      375 words
    • Article
      Silver quotes
      42 2 W*4 Tan Hkh York b tWB 6038 5®S 10S Zurich 589B i 01B 5 99S 6 US Itoi Wr4 Sin*»porp 5 *>B 6 00B 5 S5S s.ios Closing prto ■♦s in US dollars a troy ounce Source: Credit Suisse, S'pore
      42 words
    • Article
      HONGKONG
      151 2 THE US dollar in Hongkong yesterday firmed against major currencies in nervous late trading after news Israeli planes bombed Beirut International Airport. Sterling edged down to $1.7730/40 from 1.7740/50 earlier and the 1.7735/50 US close. The market also anticipates sustained firm US interest rates, which supported the US currency
      151 words
    • Article
      London
      44 2 Opening quotes yesterday us l.rrao» Can 2 2331 54 Cross 1 2596 99 DMk 4 2825 75 D F1 4 7350 400 S Ft 3.6400 50 BFr con -80 92 8103 F Fr *****0 775 Lit 2362 00 2366 50 Yen 440.87 441.58
      44 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      221 2 gar J *Z" v.--' V s^Prj x .<•;->• 1-'" <:'• >■ *m. m rw™ »*s■ J 4 !l*-3S ;< "«-v. "•aWmnmiwi V** <• v, temms&s*.,,,. t < ■SWFiiiw**.'* —r a* m* <« fiSs» S&s. >*«Skxi it** StesaaisPMfeßgy ::T::.. /^.3sp N si 1 s> >N"9 H'~* v *o f >* v
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  • TRADE AND INDUSTRY
    • Article
      Why Hitachi Chemical decides on Singapore
      478 3 A SKILLED labour force is one strong factor behind Hitachi Chemical's decision to start production of industrial printed circuit boards (PCBs) here. Mr G Sato, director of the Singapore branch, said that the existence of relatively higher educated engineers and technical people has provided
      478 words
    • Article
      Second Asian aerospace show to be held here
      293 3 SINGAPORE will play host to the second Asian aerospace exhibition and conference again next year. Asian Aerospace '83, to be held from Oct 12 to 16 next year at Paya Lebar Air Base, will introduce a new section for airport facilities and
      293 words
    • Article
      MEMO PAD
      933 3 SEMINARS AND COURSES June 13-18: Royal Australian Institute of Architects National Convention, Mandarin Hotel, Australian Institute of Architects June 14-15: Gearing up for Success, Holiday Inn, Rajdas Advertcommunicators Pte Ltd June 14-16: FIDIC Annual Conference, Shangri-La, International Federation of Consulting Engineers June 14-16: Consulting Skills, SIM Conference Room,
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    • Article
      Chee Onn to open QC congress
      114 3 THE Minister without Portfolio, Mr Lim Chee Onn, will officiate at the opening of the Quality Congress and Exhibition at the World Trade Centre on June 17. The congress, which is the first to be held in Singapore, is organised by the Singapore Quality
      114 words
    • Article
      Official opening of technology institute soon
      236 3 THE Japaa Singapore Institute af Software Technology (JSIST) will be officially opened m Jue 18 by Mr YmU* Saharaaehl, Japaa's Minister for Foreign Attain nod Dr Tony Tan, Minister far Trade sad Ind as try JSIST Is part of tbe Economic Development Board's (EDB)
      236 words
    • Article
      Conference for engineers
      176 3 ABOUT 400 engineers from 35 countries will attend the annual conference of the International Federation of Consulting Engineers on Monday. Mr S Rajaratnam, Second Deputy Prime Minister, will open the conference. After the plenary session with representatives of international development banks and agencies, there will be a
      176 words
    • Article
      Two-day seminar on management of time
      214 3 A TWO-day seminar on "Making Time Productive" will be conducted by an international authority on time management, Dr R Alec Mackenzie, at the Shangri-La Hotel on June 21 and 22. The seminar, which has been conducted in 35 countries, is presented by Organisational Development
      214 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      115 3 <* I mm mk mil m 4 I I for appointment to view, contact the Sole Marketing and Managing Agents: Richard Ellis 235 4755 or Offices Department direct line 734 2249 The biggest collection of beautifully designed handmade carpets and rugs ever assembled. BIG DISCOUNTS OF UP TO 75% See
      115 words
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  • OVERSEAS
    • Article
      Lock icon Mobil to cease Libyan operations
      225 4 Reuter MOBIL Corporation, the world's second largest oil company, intends to cease all oil exploration and production in Libya by July 13. Mobil said it had given notice to the Libyan authorities following many months of negotiations that failed to reach "satisfactory economic terms which
      Reuter  -  225 words
    • Article
      Few signs of US economic recovery
      88 4 THE Reagan Administration's top economist said signs of economic recovery in the US are less prevalent than expected. "We have not seen the growing signs of recovery that I would have expected at this stage of the business cycle," Council of Economic Advisers chairman
      88 words
    • Article
      Lock icon US seeks right to buy Japanese robot plants
      469 4 AP PRESIDENT Ronald Reagan's Administration in Washington has asked Japan to let Americans buy up Japanese factories which make robots which can be programmed to perform industrial jobs. Japan is considered to be well in advance of the US in making and
      AP  -  469 words
    • Article
      Lock icon Trade restrictions may lead to economic slump
      356 4 AP RESTRICTIONS on trade between the world's two leading economies, the US and Japan, could plunge the world into a deep economic slump. The executive director of the Japan External Trade Organisation, Kazuo Mishima, said at the Japan-US trade seminar in Houston on
      AP  -  356 words
    • Article
      Lock icon Talks on steel imports reach impasse
      314 4 UPI LAST-MINUTE US government efforts to avoid a showdown with European countries over steel imports are not getting anywhere. Industry officials in Washington on Wednesday said the latest meeting conducted by Commerce Secretary Malcolm Baldrige, in New York on Tuesday night, failed to reach
      UPI  -  314 words
    • Article
      Lock icon Middle East war may disrupt US oil supplies
      314 5 UPI THE latest Middle East conflict is another warning that US foreign oil supplies could be interrupted again, say lawmakers in two US House of Representatives panels involved with energy. "The outbreak of another war in the Middle East increases the threat
      UPI  -  314 words
    • Article
      Lock icon North Sea oil forecast to reach US$35 in July
      179 5 Reuter AN increase in UK North Sea oil prices to US$35 a barrel from $33.50 now could well come about on July 1 to bring UK prices in line with Opec quotes. London stockbroker Scott, Golf, Hancock says in its new
      Reuter  -  179 words
    • Article
      Lock icon America proposes increasing defence stockpile
      239 5 Reuter THE US Administration has sent Congress a plan proposing purchases for the national defence stockpile for 1983/87. Bennet Lewis, the executive deputy director of the Emergency Management Agency, told a Senate Armed Services Subcommittee that proposed spending for stockpile purchases would rise to US$l5O
      Reuter  -  239 words
    • WORLD IN BRIEF
      • Article
        Lock icon PARIS-TAIPEI AGREEMENT
        470 5 Agencies FRANCE has agreed in principle for Taiwan to set up a science and technology promotion office in Paris, the Chinese language China Times reported. The purpose of the establishment of this office in Paris is to coordinate Taiwan's contacts with other Western European countries in this field,
        Agencies  -  470 words
    • Article
      M'sian manufacturers freeze expansion plans
      683 5 MALAYSIA'S manufacturers are being forced by shrinking export markets to prune down production and freeze expansion plans. According to an official of the Malaysian Industrial Development Authority (Mida), applications for new projects and expansion of existing operations have fallen by 30 to 35 per cent
      683 words
    • Article
      Lock icon HK-EEC talks on textile quotas
      164 5 Reuter HONGKONG and the EEC have shelved discussion on the number of garments to be allowed into the EEC under a new textile agreement. Hongkong's trade commissioner, Lawrence Mills, said in Brussels yesterday the EEC had asked for a quota cutback of 12 per cent
      Reuter  -  164 words
    • Article
      Lock icon Balance of payments surplus for Australia
      190 5 Reuter AUSTRALIA'S balance of payments, as measured by net official monetary movements, showed a record monthly surplus of AJ1.19 billion in May, the Statistics Bureau said. This compares with the previous record of $1.17 billion in April and the year ago month's $194 million
      Reuter  -  190 words
    • Article
      Lock icon Philippines advised to reduce deficit
      163 5 Reuter THE International Monetary Fund has advised the Philippine government to improve its balance of payments and growth performance and ensure that inflation continues to decline. An IMF staff report says the government's overall balance of payments target of a shortfall of US$5OO million for
      Reuter  -  163 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      1140 4 National Westminster Bank NATIONAL WESTMINSTER BANK PLC 901-907 Shina Kwan House, 4 Shenton Way Singapore 0106. Tel: *****44 Foreign Exchange Tel: *****77 Telex: RS ***** Head Office: 41 Lothbury, London EC2, England Consolidated balance sheet at 31 December 1981 Ordinary shareholder*' funds: Ordinary share capital (nate 9) Reserves (note 11)
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    • Advertisement
      Page 4 Advertisements Column 2
      187 4 Anyone who knows lift trucks knows you cant do better than Hyster. Hyster has a reputation for quality, durability, performance and features. And when benefits like that are engineered into a lift truck, it's likely to be a bit more expensive. Until now. Now there is a new 2 to
      187 words
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      53 5 _Jamuui BRONZE-ON-STEEL Complete inventory of bronze electroplated on steel TOOL MAKING ACCESSORIES and DIE SPRINGS. For wear resistance, smooth operation and strength. In stock. Supply within 24 hours. Ask for our free catalogue. Associated Spring Asia Pte Ltd 28Tuas Avenue 2 Jurong Singapore 2263 Telephone: 4611 211 Telex: ASASIA RS
      53 words
    • Advertisement
      Page 5 Advertisements Column 2
      362 5 $51,170 worth of unrivalled technology to thrill, impress and pamper you Per J1 SAA69OO The Saab 900 GLS Four-door Sedan Until you step on that pedal, you'll never know the thrill of having 40 years of aeronautics at your complete command. The same aeronautics that has given the world some
      362 words
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  • Article
    Ensuring the right policy
    431 6 THE RIGHT KIND of insurance is good for us, provided we understand it properly and provided premium payments do not cause the kind o( problems they are intended to solve. But matching the right policy with the right person is a tricky operation which can only
    431 words
  • Article
    More uncertainty is certain
    238 6 US TREASURY Secretary Donald Regan is probably right there is unlikely to be any sharp fall in interest rates this year. But this means he was wrong in February when he predicted sharp declines in interest rates. And slightly "less wrong" later when he said there
    238 words
  • Article, Illustration
    Lock icon It wont be so bad says 'wise' Relly
    1031 6  -  The chairman-designate of the Anglo American Corporation, Gavin Relly, is not the least perturbed by the tact that Harry Oppenheimer, though vacating the chairman's seat and his place on the board of directors, will still be around, will still be chairman of
    NYT  -  1,031 words
  • Article, Illustration
    Lock icon 'Passports' can revive diamond market
    697 6  -  Traders in Antwerp are hoping the introduction of microscopic 'passports' will bring the investment diamond market back to life By NICHOLAS BRAY Reuter IN AN attic on Pelikaanstraat, in the centre of Antwerp's diamond market, sits a young Japanese woman surrounded by diamonds. Yumiko Hashimoto
    Reuter  -  697 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      619 6 CRYPTIC PUZZLE ACROSS 1 Strode around a country area (6) 7 Drunk, perhaps, at an elevated social occasion (8) 8 A rib broken in one place (4) 10 Like courtroom benches? W 11 Lucky bit of labour trouble? (6) 14 He's reformed in the end (3) 16 Adjusted by the
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      547 6 Discussing Australian policy towards Asean TONIGHTS Friday Backgr—mi (Ch S, pm) f»e—aa aa the vlewi at twa prwnlf I Aaatrallaa pa lltlriii their |»ver>■eat'a hrdn paHey toSINGAPORE 5 The ■ipißf 'i editor, Leeag May Um, latorvtowed Li—el ltowea, 4epaty leader af the epeeelttoe ■arty (the Aaatnlba Labear Party), aai Aatheay
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  • Article
    Lock icon Texas bank shares slip from their dizzy peaks
    843 7  -  DAVID LASCELLES explains why Texas bank shares no longer excite the passions of Wall Street investors. DAVID LASCELLES FT FOE years, the mere mention of Texas banks was enought to make mouths water on Wall Street. Located in one of the plum
    FT  -  843 words
  • Article
    Lock icon New mood of pessimism
    900 7  -  Latin America's economic troubles and huge debts worry bankers By COLIN McSEVENY Reuter INTERNATIONAL bankers are increasingly worried about Latin America's economic problems and the volatile region's huge foreign debts totalling well over US$2OO billion. They say they want higher returns for risking their money in
    Reuter  -  900 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      79 7 Australian manufacturer of antennas and tubular furmtura products C&L Loot astatohshad Malbourna basad dmiftm and manu factum of antai Ac tivi Has ineiudadivaraiftad manufacture outdoor fumttura. (lunary furnitura and swimmtr* pool fancas Four intuuM outlets Important J*»«ra of notional market. Approximate annual turnover 53.8 Raw materials, work in progress and
      79 words
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      Page 7 Advertisements Column 2
      284 7 I A r *1* WBSTAR NISSAN *h-: •raf-th if ■n m NISSAN CABSTAR "uTlt's the only cabover with Super Shift! Writ's got the largest loadbed! Check out the specifications of the new Nissan Cabstar Widecab and needsl 86 11S 90t features t0 meet your dem anding transport MORE CARGO can
      284 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        169 8 JUNE OB FU ABN as oo -3 Ahold 18.00 -01 Akzo an 0.2 AMEV 81.50 -0J Amfu AmroOnk 49.50 -1.1 ■Sf* H as 10 -0.4 Bo Is 56.20 -08 BorsumlJ 96 50 (L5 Burhmann 34.90 -0.8 Caland 30 90 unch Calve Delft IM.00 -1 Dell Mlj TO JO 0.2
        169 words
      • Article
        Paris
        245 8 JUNE oa Fn 4/CORBEILLE Air-Liquid* 481 3 B 8 N Oerrals Danone 1406 4-30 C 8 F < ThomsonCsf) 157 JO -1.7 Cle Francalae des Petroles 138-40 -f 02 Compagnte Financier* Compafnle Oenerale Credit Fonder De France 366 -15 H ache tie (Llbralrie) 513 8 Machines Bull 32.75 4-1.75
        245 words
      • Article
        Frankfurt
        154 8 JUNE 09 Dm Aef-Teiefunken 34J0 -0J Akao A1U Lcben All* Vera BASF 134.80 -0« Bay H T Wbank Bay Vbank Btjwr liuo -•.7 RUT BMW 307 OOB unch Caaaella Chem Verw Commerxbank 138 50 -0.2 Conti Oumml 47 00 -03 Dalmler-Beni 386JO -0.5 Htfiina Demac 138 JO -3 Dcutache
        154 words
      • Article
        Brussels
        84 8 JUNE 0* ft* FORWARD MARKET Acec no >2 Arbed ISO it A»tur m Bructn 792 vine h Bra-Lamb Cuipac Cock 183 41 De Been 206 -f Etws 182S 2D Electrobel 4360 -SO Ob-Inno-Bm 1000 -90 n— 1725 ■<*■> 3296 415 Petro 4606 -J R7I Dutch 1606 -S Sldro 1382
        84 words
      • Article
        Zurich
        181 8 JUNE OS Francs Actions Sulsaes >44 Alusulsae Br SM Alusulsae Ref Ul Brown Borerl Br tlO Clba Oclgy Br. 1D0 Clba OrtCT P C 1005 Clba Deify Rcf MB Credit Suisse Br 1130 Crwllt Suisse Re* 322 Elektrowatt Br 23SOB Oeorfe Fischer Br MOB Olobus Pc 370 Hero Br
        181 words
      • Article
        Milan
        96 8 UV Rutnfl LATt 19 unch Bel Central* Ord Cond Acqui Roma Krtdanla ***** *10 ano -96 190 -5 ***** -190 rut Ord 1686 -30 Olm U43I nso m -im >90 -3D in Pri» 3490 Invest 2371 Italrementl Ord ***** 280 Italfu 797 -1 Lepeut Ord 2M0I -30 Mediobanca >
        96 words
      • Article
        TORONTO
        208 8 JUNE CI Abiubt Alean Alfom* Bank Mont Bank Nova Scotia Bell Tel Beth Corp BP Can Ltd Braican Camp Red Lake Can Imp Bk Canpar Canpac Inv Pf Carting OXeefe Comlnco Con» Bath IS*. a J7H X 21H ZZ x i«>. 1JH 18* JSH zz J4>» 14 -H H
        208 words
      • Article
        JOHANNESBURG
        296 8 JUNE 08 Rand Ptknpajr Plate Ol no ao 5 -20 De Beers Def E R Cons 38 1 INDU8TRIAI.fi Pp Cement eao 10 E R Props tio -20 Prem MU 1I75B unch r*m 2150 -50 A Alpha MOB unch Protea SO unch Elsburf 175 500 380 -0 1 -10
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  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      164 8 Where to wine, dine and entertain with the American Express Card c Daif c ßufkbi Tha tw*M> 1 The true Singapore flavour Our popular Nonya Buffet J-Luncheon at a special price. With tongue just to name a few. Take your pick, it's great food, going for a song! Come from
      164 words
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      Page 8 Advertisements Column 2
      135 8 fl*IUAu JAPANESE RESTAURANT [or sushi. or teppanyaki. or other authentically l apanese delights. fH'M do:!y 12 m< >< >n p m h p in 10 .'lt) r rn Fa>r reserratu ccvjl *****77 atiuns ilk® I 'iii'k SlicrjiluM *->i i i| >< »r« Niassin: Hi, S ny.icxlo2s OjperateG Dy ANA HOTELS
      135 words
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      Page 8 Advertisements Column 3
      103 8 ~«1i' L'escargot Restaurant extrkxdinaire. (Our menu is a gourmeTs ddight) OBEROi IMPERIAL SINGAPORE I JALAN RUMBIA SINGAPORE 0923 TELEPHONE NO /3/lbbfo Owning Company Hind Hotels International Ltd A Merlin Grifl Speciality From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before Only at
      103 words
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      Page 8 Advertisements Column 4
      178 8 When you dine, dine Cantonese. If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for an evening to remember.
      178 words
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      Page 8 Advertisements Column 5
      77 8 vSjS ikia» ~r k *4f rf The Ownon S n j,(pore's most r«< klSive Jtv n it) iVi'ig Its a~jO>'. to of the p«iOll( 8p" tr 2aiv mgntty a tiMifi rwio Apnang Uoad S pore 0923 TH *****11 n <r=> restaurant e%=> Try our sumptuous delicacies from the Hunan Province.
      77 words
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  • Article
    Prices lower
    1195 9 NEW YORK STOCKS THE NEW YORK market on Wednesday came close to setting a new low for the year as stock prices sank under the combined pressures of a worsening international situation and the the lack of agreement in Congress on a Federal budget proposal. The Dow Jones
    1,195 words
  • RAW MATERIALS
    • Article
      SOYBEAN
      216 9 SOYBEAN futures in Chicago on Wednesday closed on an uncertain note, off I*4 to 4V? US cents per bushel in moderately light trade. Futures opened lower in response to Conrad Leslie's larger than expected soybean acreage report, then firmed on steady buying in July by a large local professional.
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    • Article
      WHEAT
      148 9 WHEAT futures in Chicago on Wednesday closed mixed in quiet dealings, ranging from fractionally lower in the nearbys to up one cent per bushel in distant July. After opening lower following a larger than expected wheat crop report by Conrad Leslie, prices advanced on steady buying in July by
      148 words
    • Article
      RUBBER
      217 9 THE Singapore rubber market yesterday closed slightly easier with July One RSS buyers quoted at 185.00 cents per kilo, down 0.50 cent from Wednesday night's close, dealers said. The market ruled very quiet during the morning with prices little changed, after a one cent lower opening following easier London
      217 words
    • Article
      RAS PRICES
      352 9 RAS prices In cents per kilo yesterday: Noon (per Ulo) Buyers Sellers Int. 1 R.S.S. prompt f o b. 183 00 184 OON Int. 1 R.S.S. July 184.50 185 00 Int. 1 R.S.S August 186 25 186.75 Int. 2 R.S.S. 174.50 17V.50N UK Coot 173.50 17V SON Int.
      352 words
    • Article
      SSR and SMR
      110 9 NOON SSR and SMR p new yeatarday RA8 SSR 20 SSR 50 11 too (I too pallet! pallet! jaly <C«mst Mtk) Bayers Sellers 163.00 164.00N 160.50 161.SON Aa|nt (Forward Mtk) Bayer* Sailer* 164 00 166.00N ***** 162. SON MUL1 J«ly Aa(ut SMRCV SMR L SMR 5 SMR
      110 words
    • Article
      LONDON MARKETS
      821 9 COFFEE; Robusta futurtes ended a quiet morning mixed, between £4 above and £2 below Wednesday's close in traded positions. Dealers said prices traded in a narrow range, amounting to £6 in September. Volume yesterday morning totalled 753 lots of which one was an option and 31 were crossed
      821 words
    • Article
      Straits Tin
      80 9 THE STRAITS tin price in Penang yesterday was unchanged at Ms2f.2l a Idle for the eighth consecutive day, six cents absve the ITA floor price of $29.15, dealers said. Bailer stock manager support was evident hot interest from other sectors was lacking. Operators appeared to be sidelined ahead
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    • Article
      CLOSING PRICES
      29 9 Rubber: June 10 Singapore: July: 185.00 cents (down 0.50 cent) Malaysia: July: 206.00 cents (unchanged) Tin: Ms2&2l per kilo (unchanged) Official offering: 215 tonnes (up 10 tonnes)
      29 words
    • Article
      Produce exchange
      173 9 CHINESE Pw4iw Exekugt, Sligtpm, mh cMi| priMi per 1M kg yesterday. C«MMrt «U: Bulk (ob $100.00 sellers, old drum (in second hand drum) (ob $112.00 sellers, new drum (ob $116.00 sellers. Capra: Mixed (loose) $54.00 buyers. Pepper: Muntok white pepper (ob Asta NLW $352.50 sellers, Sarawak white pepper
      173 words
    • Article
      TEXTILES
      145 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Crttaa yan: China Blue Phoenix 20s 2,335 32s 2,920. 40s 3.120 (per bale of 400 lbs). Paktataa raw erttea: LSS 5.82, 4F 5.78; 289F 5.90; NT roller ginned 5.85 (per lb). CLOTH in
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    • Article
      RICE
      319 9 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.10, 100 per cent second class 0.90, 100 per cent third class 0.82, 25 per cent new crop no stock, B-10 per cent 0.81. THAI BROKEN: A-super 0.65, Special 0.58.
      319 words
    • Article
      PALM OIL
      160 9 THE Kuala Lumpur crude palm oil market yesterday fell in late moderate trading on further selling, dealers said. In June south fell MflO to $917.50 a tonne, central $12 to $910 while north was traded down to $915. In July south and north eased <5 and $15 respectively
      160 words
    • Article
      Lock icon Lack of US and Soviet support sets off tin talks
      743 9 Reuter LACK OF support by the US and the Soviet Union is forcing tin importing and exporting countries to meet in Geneva to decide whether they want to bring into force a slightly limited version of a scheme to stabilise
      Reuter  -  743 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      52 9 c Km 1 umblm. Our annual taste treat is all wrapped up! 'Rice Dumpling Supreme' of steaming glutinous rice with fragrant fillings of mouth-watering ingredients. Also available, plain dumplings with 'leng yong' filling. Come unwrap our festive specials, on for a limited period only. Cathay Building. Tel: *****21 GB5-88 Thomson
      52 words
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      Page 9 Advertisements Column 2
      117 9 mwlm fa»? «gllM^ rj I-— p" First opportunity to purchase in London's most exclusive residential development beside the River Thames; central position; competition winning architecture. Magnificent apartments and houses for sale, all individually designed with south facing river views, private gardens, excellent security, garaging. Individual Crown Leases. Superbly furnished apartments
      117 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1545 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 (2.988 3.025)
    1,545 words
  • Article
    Unit trusts
    189 10 8INGAPOKE UNIT TR12JT (Ma—gen* prices tar Jue 11) The Commerce 2.77 2.91xd The Savings Fund 1.58 166 S'pore Prog Fund 1.25 1.31 S pore Sec. Fund 1.91 2.01 S'pore Invest Fund I B no S'pore Equity Fund 1.20 1.26 DIAMOND MOT STOKE (Ma—gsrs' prices tar Ja— 11) Diamond
    189 words
  • Article
    SHARE INFORMATION SERVICE
    2878 10 Gr's Gr's Net 1982 Company Last Div Div Y'ld P/E Vol Dav High Low Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 350 247 Acma 299cd -7 15.0 1.1 5.0 31.4 6 300 298 Alcorn 115 3.7 0.5 3.2 95.8 233 172 Allied Choc 180
    2,878 words
  • Article
    In Kuala Lumpur
    1798 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDCSntIALS Kcmm (3.288 3.306) (I) 3 26 (3) 3.30 cd AJaiaiti (2.908)
    1,798 words
  • Article
    COMPANY MEETINGS
    127 10 HONG Fak Carparattaa Limited: AGM to be held at F8-F10, 6th Floor, International Building, Orchard Road, Singapore 0923 on June II at 11 am. DUTCH Baby Milk Ma* tries (Malaya) Berbad: Nineteenth AGM to be held at No. 13, Jalan Semangat (Section 13), Petaling Jaya, Selangor on June
    127 words
  • Article
    Late buying helps trim early losses
    786 10 BARGAIN boaters appeared la the late afteraooa yesterday, enabling the Singapore stock market to recover some of the day's fairly widespread losses. Tradiag was generally qaiet At the same time, amidst the day's generally gloomy atmosphere, the shares of seeoad-llaers Liea Hoe I ad
    786 words
  • Article
    Prices ease in Kuala Lumpur
    553 10 SHARES were narrowly traded at the Kuala Lumpur stock market yesterday with conditions remaining largely easier. Turnover was high. However, a fair selection of counters managed modest gains mostly on a surge of late interest. Analysts felt the slight boost to prices could probably be
    553 words
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  • COMPANY NEWS
    • Article
      Inchcape strengthened by valuation surplus
      698 11  -  By MAUDRENE NITHIANANDUM INCHCAPE Bhd, in spite of a rather battered performance last year, can at least find comfort in a balance sheet strengthened by a revaluation surplus of J129 million. This arose from an external valuation, on a continuing use basis, of its subsidiaries'
      698 words
    • Article
      Dunlop Holdings results forecast
      227 11 WITH trading results continuing to improve on 1981, Sir Campbell Fraser, chairman of Dunlop Holdings, the international manufacturing group, expects 1982 to be a better year, he told the annual meeting in London. "So far, trading results continue to be better than those for the corresponding
      227 words
    • Article
      Timah Langat expects prospects to remain dull in current year
      602 11 TIMAH Langat says that its prospects for the current year "do not look too bright" due to the continuing recession in the developed economies and the excess tin production. Timah Langat chairman Datuk Haji Ahmad Razali says in his latest
      602 words
    • Article
      Johan sets new corporate goals for George Kent
      877 11 NEW corporate objectives and priorities for rapid expansion and growth have been set for George Kent (M), with the change in control to Johan Holdings. According to the group's new chairman, Mr Tan Kay Hock, growth will be achieved through expansion of
      877 words
    • Article
      Results of UMW S'pore units
      300 11 TWO of the three Singapore subsidiaries of the United Motor Works (Malays!*) Holdings performed satisfactorily for the year ended Dee 31,1M1. The wholly-owned subsidiaries la Singapore are UMW Trading and UMW Industries (both acquired only last year) and UMW Industrial Power. UMW's investment in the
      300 words
    • Article
      Analysts bearish on short-term market
      573 11  -  Market Talk... By NAJEEB JARHOM THE short-term outlook for the Singapore stock market is (airly bleak. This opinion is shared by London stockbroking firm Laurence, Prust, local broking firm Lyall and Evatt and merchant bank Guinness Mahon. The main reasons for their bearish stance are
      573 words
    • Article
      Measures to improve Bousteadco
      684 11 BOUSTEADCO Singapore Ltd, the diversified trading and engineering group, has taken "corrective measures" in certain areas of its activities to ensure an improvement in earnings in the current year. The group suffered a 48 per cent fall in pre-tax profits to $4.7 million for the year
      684 words
    • ASIAN STOCKS
      • Article
        Prices close weaker
        445 11 HONGKONG STOCKS IN Hongkong yesterday closed off the day's lows on late short-covering, after prices fell sharply in the morning, brokers said. Shares fell initially in moderate trading, reflecting the new low in Wall Street. The Hang Seng index closed down 21.56 points at 1,306.21. Brokers also
        445 words
      • Article
        Tokyo shares sharply lower
        458 11 SHARE prices in Tokyo yesterday closed sharply lower with sentiment dampened by Middle East tension, yen weakness against the dollar and the Wall Street decline overnight when the Dow Jones industrial average fell below 800, dealers said. The market average lost 80.75 points to 7,152.28 led
        458 words
      • Article
        Manila
        107 11 JUNE 10 Pesos 11 Phil Hldgs 6 50 unch Acojc Mining 0018 unch Anglo PhU J» unch Apex Mlnlnt B Atlu Con. B. JOI unch 15 40 -0J Bacuto Gold 4015 unch Bulc Petroleum j0145 unch Bencuet Con B rnrp 10JO l.« -on unch Lepanto B. m 0001 Martnduque
        107 words
      • Article
        Bangkok
        129 11 SHARE prices in Bangkok yesterday closed mixed in sluggish trading as turnover fell, dealers said. Only 16 stocks were traded. JUNE 10 Bahts Aokham Thai AjuUiajra In*. And Trust Bangkok Bank Bank Of Ajrudhara IJH 306 -I Bala Shoe Bern Jucker 2 Chtrooni Ttttl Wlr. First Trust Ooodjmr Industrial
        129 words
      • Article
        Sydney
        427 11 METAL stocks in Sydney yesterday took a sharp fall as local traders reacted to further losses on Wall Street and a lower gold price overseas. At the close, the AllOrdinaries index was 5.6 points lower at 482.7. The industrial measure eased 2.1 points to 646, the resource marker was
        427 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      112 11 SPECIAL OFFER **or> a >§§S&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
      112 words
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  • Ghief Price Changes
    • Article
      SINGAPORE
      162 12 Rises Indices Li«a Hoe M B F Hldgi Sth Msia Ind 374 322 206 54 20 13 BT Indicator: June 9 June 10 *****1 *****7 Dunlop Eat 400 0 ST Industrials: 716.29 713.15 Cold Storage 388 6 ST Finance: 1730.93 1726.73 M U I 338 6 ST Hotels: 1114.63
      162 words
    • Article, Illustration
      KUALA LUMPUR
      172 12 Rises Indices Lien Hoe 408 52 June 9 JunelO MBF 370 40 30 10 8 BT Index *****7 *****5 A Hitam (T) 750 S M Ind 228 Industrials: Finance: 859.76 1487.63 851.21 1487.21 M U I JfU Hotels: 607.06 607.05 Falls Properties: 809.19 808.24 H L Ind D
      172 words
    • Article
      Selected indices
      47 12 FINANCIAL TIMES INDUSTRIALS Wednesday 587.3 Tuesday 594.0 Week Ago 585.1 DOW JONES AVERAGE INDUSTRIALS Thursday 1306.21 Wednesday 1327.77 Week Ago 1371.39 AUSTRALIAN INDUSTRIALS Thursday 645.9 Wednesday 648.1 Week Ago 659.3 Wednesday 795.57 Tuesday 802.23 ALL ORDINARIES Thursday 482.6 H.K.HANG SENG Wednesday 488.6 Week Ago 499.3
      47 words
  • Article
    Trading in SMI, Lien Hoe shares resume
    252 12 TRADING In the start» if Liea Hm Industries ud 51 per eeat iwied Soath MtUyii» Industries resame 4 yesterday sa the Stack Exchange sf Singapare after a SWmaatk saapeasiea. The sospensisn was lifted following elarlflcatiaa hy the Maiaysiaa Foreign Investment Committee (PIC) aa
    252 words
  • Article
    TALKS ON POSSIBLE SIME-AMEX VENTURES
    132 12 MALAYSIAN conglomerate Slme Darby is currently discussing possible Joint business ventures with the Fireman's Fund Insurance Co of San Fraadsco, a subsidiary of American Express Inc. Fireman's Fund's chairman, president aad chief executive, Myron Du Bala, is meeting executives sf the Slme Darby group today
    132 words
  • Article
    RALEIGH RIGHTS
    76 12 RALEIGH Cycles (Malaysia) Bhd has received applications for a total of 8.15 million shares in respect of the 8.06 million shares of Msl.oo each to be issued under its one-for-one rights issue. The company plans to use the proceeds of $8.06 million from the issue to reduce borrowings
    76 words
  • Article
    UIC makes presence felt at Utd Engineers
    423 12  -  imiiH wyiwif Companies Editor: Mano Sabnani By SIOW LI SEN UNITED Industrial Corporation, which recently accumulated an 11.96 per cent stake in ailing United Engineers, is moving fast to consolidate its position as substantial shareholder. Keen to take an active role in UE's
    423 words
  • Article
    Name new substantial shareholder, GIH told
    348 12  -  By ALAN LEE THE Stock Exchange of Singapore (SES) has again jumped on the back of Growth Industrial Holdings and hopefully this time, through the SES, shareholders will get to know who the new substantial shareholder of their company is. The SES had earlier
    348 words
  • Article
    Lock icon Security Pacific to buy 29.9pc of Hoare Govett
    279 12 Reuter SECURITY Pacific Corp is negotiating to acquire a 29.9 per cent equity interest in UK stockbrokers Hoare Govett Ltd, the two companies said in a joint statement. The statement gave no financial details but said the proposed transaction, which is not
    Reuter  -  279 words
  • Article
    LONDON STOCKS
    789 12 LONDON, Thurs. The stock market closed lower today, with sentiment affected by news of heavy British losses in the Falklands and the widening of the Middle East conflict, dealers said. At 3pm, the Financial Times index was down 9.6 points at 577.7. Government bonds showed net falls of
    789 words
  • Article
    Lock icon DOW JONES
    46 12 AP NEW YORK, Thurs The stock market was mixed this morning as prices hovered near their lowest levels of the year. The Dow Jones average rose 1.71 points to 797.28 in the first half hour. But losers took a 3-to-2 lead over gainers. AP
    AP  -  46 words
  • Article
    M OXYGEN EXPECTS SLOWER SECOND HALF
    175 12 IN SPITE of encouraging results for the first six months, Malaysian Oxygen Bhd (MOX) expects a "much slower growth" in the second half to Sep 30, 1982, in view of present economic conditions. This outlook was given in the group's latest interim statement reporting
    175 words
  • Article
    Lock icon The good, the bad and the messy
    767 12 W mm™ by HOCK LOCK SIEW FOR PROPERTY group Tow* CKy, it has been a case of first the bad news, and then the good. As readers will recall, the listed arm of the Harapan conglomerate disclosed less than a month ago that
    by HOCK LOCK SIEW  -  767 words
  • Article
    COMPANY BRIEFS
    211 12 LIEN HOE Industries Bbd has proposed a final dividend of 16 per cent less tax while subsidiary South Malaysia Industries Bhd has proposed a final dividend of 7 per cent less tax and 3 per cent tax exempt. OVERSEA-Chinese Banking Corporation has confirmed that no further dividends will
    211 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      170 12 Gellatly Hankey Marine Services International Pte Ltd wishes to inform all their clients that MR CHOO CHIN LYE ALIAS SAM CHOO ceases to be an employee of this company with effect from May 26 1982 and is not authorised whatsoever to make any representations concerning the company or to act
      170 words
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      Page 12 Advertisements Column 2
      119 12 This announcement appear* as a matter of record only- June 1982 |l| MULTI-PURPOSE HOLDINGS BERHAD U5592,000,000 CREDIT FACILITY Managed by ASEAMBANKERS MALAYSIA BERHAD BANK OF AMERICA NT&SA THE CHARTERED BANK CHASE MANHATTAN CAPITAL MARKETS GROUP CITIBANK N.A. THE HONGKONG AND SHANGHAI BANKING CORPORATION MALAYAN BANKING BERHAD Co-managed bv DRESDNER (SOUTH
      119 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      52 12 OUTLOOK for Singapore today: Fair and Report for 24 hours prior to 7.31 pm on Jane II at the airport: Maximum temperature 33.2 Associated humidity 66 Minimum temperature 27.3 Associated humidity 93 Hours of sunshine 9.20 Rainfall in millimetres Nil Total rainfall for the month 11.0 Total rainy days for
      52 words
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  • SHIPPING TIMES
    • Article
      Thailand studies Kra canal plan
      175 13 THAILAND is once again considering the construction of a canal across the Kra Isthmus in the south of the country. The project was abandoned 10 years ago but recently the Thai deputy Communications Minister, Chumpol Silapaarcha, directed the Economic Division to prepare a new report
      175 words
    • Article, Illustration
      KSC withdraws from Omex's Med service
      558 13  -  By JUNE LIM KOREA Shipping Corporation has tentatively withdrawn from the four-mem-ber Orient Mediterranean Express Consortium's service between the Far East and the Mediterranean. The leading South Korean shipping line was given up to April 30 to reply officially regarding its position. However, KSC
      558 words
    • PORTSIDES
      • Article
        Sailors indicted
        124 13 TWO INDIAN sailors have been indicted for their involvement in a ship fire, three months ago at a Japanese dockyard, which killed 10 people. The two sailors, along with two Japanese ship workers, were charged with "professional negligence" in causing the fire aboard an Indian ore carrier, the
        124 words
      • Article
        Lock icon Ship fire subdued
        95 13 UPI ITALIAN rescue boats managed to subdue a fire aboard a Greek freighter in the Mediterranean on Wednesday before the flames reached 20,000 tons of diesel oil in its cargo holds. The captain and the 26 other crew members were rescued a few hours after the fire
        UPI  -  95 words
    • Article
      INDEX TO ADVERTISERS
      781 13 Mpplag Um 1 CM Shlppiag Liae Pace CM Achlpeiego Shpg AIM Alfred CT Alltraaa Alpac titM An tar» Shpg APCLine APL Argentine ASCL ASL Coal Asia Merchant Ada* Uw Austasia Line Australian Cant Bait-Orient Baltic Bangkok Com Bangladesh Bank Unr BBS Ben Lint Ben Asia Benbulk Bienley
      781 words
    • Article
      ORIENT EXCHANGE
      641 14 VESSELS Open: Available for charter: Twin screw steel hull utility survey type vessel accommodates 8 passengers 3 crew Cat. engine 2 x 100 bhp registered/classed Panama 67' x 19' 9' built 1957 satellite navigation radar. Flat topped barges 240', 150', 140', 120', 100', 65'. Construction barge 200 x
      641 words
    • Article
      Companies in move towards high technology
      313 14 SHIPPING companies are moving towards the application of high technology to serve and increase the operating efficiency of the industry. The European Association for Shipping Informatics (EASI), composed of 11 shipping lines, has entrusted ENRO, a leading international company in the development of space
      313 words
    • Article
      Conference carriers allowed to lower rates
      173 14 THE US Federal Maritime Commission has approved the minority rate initiative of the Trans-Pacific Freight Conference of Japan/Korea "for a single fixed term of between 15 and 30 months." The modification to the TPFC-J/K agreement would allow as few as three of the 15
      173 words
    • Article
      LONDON FREIGHTS
      1581 14 RATES (or grain movement on Wednesday out of North America are continuing to ease with chartering generally on a small scale. A vessel was secured from the US Northern Range to Constanza at US$l5 compared with $19 paid for a 30,000 ton cargo on May 19. At the
      1,581 words
    • Article, Illustration
      Oceanic reports earnings for half-year doubled
      378 14 OCEANIC Finance Corporation turned in a fine performance with a 200 per cent increase in earnings for the half year ending March 31 1962 over the corresponding period last year. The shipping finance and investment group reported net earnings of U551,576 million, compared with
      378 words
    • Article
      The Consortia
      212 14 THE MAJOR shipping consortia operating between the Far East/ Europe, Far East/Persian Gulf, Straits ports/Australia, Straits/ Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits
      212 words
    • Article
      Lock icon HOLE IN HERCULES
      280 15 UPI A LIBERIAN-registered supertanker, bombed by unidentified aircraft in the South Atlantic, is heading at full speed for the Brazilian coast with a hole in its hull, the US State Department said. A spokeswoman said the i United States had contactled authorities in both Brit"ain and Argentina
      UPI  -  280 words
    • Article
      Big boost for Felixstowe with new Freightliner rail terminal
      409 15 INLAND container movements to and from the UK port of Felixstowe will receive a major boo6t later this year with the introduction of a second Freightliner rail terminal. Work has started on the construction of the facility which is sited behind
      409 words
    • Article
      Philippine open registry plan facing opposition
      634 15 THE PHILIPPINES' parliamentary bill seeking to make the country a flag of convenience could result in more problems than benefits, warned the Ministry of Foreign Affairs in the wake of mounting opposition from the various sectors of the maritime industry The opposition has prompted
      634 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      4882 20 SHIPPING LIST where your ships are due and when SCHEDUIE 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
      4,882 words
    • Article
      Container Schedules
      580 21 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Ship Voy Arrival for LCL Movement Date/Time Operator Cargo Schedule Asian Patroos 034 12.6.82 0700 Integrated 49 1500-1600 Maersk Mango 23B 12.6.82 0730 Maersk 51 1500-1600 Ratana Bhum 18S 12.6.82 0700 S'pore Shpg 49 0700-0800 Thana Bhum 20S
      580 words
    • Article
      WHO ACTS FOR WHOM...
      1864 21 The leading shipping lines operating from local ports and their agents. A B Achipciega Singapore Shpf. Agencies (S) Euro-Asia Line (FN KL PK). Mrttlk Continental Feeders (S) Cargo Freight (PK) AFEA Singapore Shipping Agencies (S) Euro-Asia Line (PK PN). Afra-Karasla Liar Transgroup Pte Ltd (S). AJ
      1,864 words
    • Article
      Mutual insurance club reports rise in premiums
      636 22 THE THROUGH Transport Club, the mutual insurer specialising in container and unit-load operators' liabilities, has reported an increase in both premiums and claims for the 1981 year of account. Contribution and premiums for last year amounted to US$l6 million, an increase of just
      636 words
    • Article
      SHIPS IN PORT
      572 22 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Anyi 45 Y Fung alongside 11.6.82/2300 Centaur 44 SSPL alongside 11.6.82/2000 Jenson 22 Thong Soon alongside 11.6.82/1800 King Pearl 24 Guan Guan alongside 11.6.82/2300 Li Yang 15/6 Y Fung alongside 11.6.82/2300 New Pony 5 Sin Chiao alongside
      572 words
    • Article
      Lock icon USL TO BUILD SHIPS OVERSEAS
      167 22 AP THE US government has given conditional permission to United States Lines Inc to build ships overseas, making it the first subsidised line to construct vessels abroad. While the agreement must still be formally accepted, the US Maritime Administration, the agency responsible for supervising the
      AP  -  167 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      396 13 The Straits Companies' Times Key Personnel, DIRECTORY Agencies Of Singapore (Buku Merah) St Orient Overseas CotilcjMeA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) I Calling Bremerhayen after Hamburg 'Closing Times (S pore): FCI 16/6 2300 MRS ICI 16/6 1100 HRS KOREAN lACEJM 14f HONGKONG CONTAMR 30E ACE CONCOM) 4E
      396 words
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      Page 13 Advertisements Column 2
      267 13 aSEALORDH UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES Dubai (28 6) Abu Dhat» (30/6) Staph (2/7). tubal (4/7). Damnum (6/7) Kuwait (8/7). Doha (10/7) AISO ACCfPTHG CONTAINERS FOB OO6AI AND IRAQ Mma Qaboos (16/7) Dubai (11/7). Abu Dhabi (20/7). Dammam (22/7), Kuwait (24/7). Doha (26/7), Bahrain (28/7) Dubai
      267 words
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      Page 13 Advertisements Column 3
      0 13 +;~]@\)<%+_{-(|,~+~,:@=\_`)|<']
      0 words
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      Page 13 Advertisements Column 4
      637 13 5 SAUDI east LINE EXPRESS CONVENTIONAL D rii SERVICE Regular. Efficient Reliable Services To PERSIAN GULF RED SEA SN OCEANUS SHIPPING AGENCY PTE LTO CALL TEL: *****77 fOf turtta detaiv set Pift VI MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: UJS. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS Feeder Van*)
      637 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      656 14 FAR EAST/EUROPE CONTAINER SERVICE Mso Acceptaif For I > Bircetona. Genoa. 2) Amsterdam. Antwerp. I Ha»r» Basle. UK. 3) Bremen. Bj»merha»en. Aarhtis. Copenhagen. Helsinki 4) Malmo Stockholm Oslo •Accepting Europe cargo tor feeder ma S pore 'Also direct cargo tor Spore I Bangkok 4 Pis contact PERMISC P Kelang tor
      656 words
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      Page 14 Advertisements Column 2
      155 14 5 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA "ir KXT ANNULS "BARBER TONSBERG" IS/«: "BARBER TENNESSEE" 21/1/12. BARBER PRIAM 2/7/12. TO: PANAMA <u* mm r_ c* T > —US ATLANTIC —US GULF —E. CANADA TO: CALIFORNIA VANCOUVER US PACIFIC COAST Murti 11/« 18/ I 17/1 17/1 2S/c 21/1
      155 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      804 15 The Straits Steamship Group OCL Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Contaawnto Sarwco Tc/FrMO Bamfcafc mm rn KttMS Mf uzm < IVII ha 10-19 I KWM inm an I. a-ai Sntawrt to Sabah. SarawMi and Bnwai hapk top tm fak nunm m lam
      804 words
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      Page 15 Advertisements Column 2
      395 15 m.v. "CHIDAMBARAM" VOY:I <4 arrived Ith Jim-, IK. •t PJS.A. Nm. g f General Survey of damaged cargo ex the above vessel will be held on 16th June. 1982. from 9 00 a.m. to 5.00 p m No further survey will be held after this date Ageata:R JI MABHOY SONS
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      618 16 Hapag-Lloyd EXPORTS I largt Bay FranAturt Eipress Liverpool Bay CM; at EMv, Tetoo Eipress Ko««o«n Bay 13 6 14 6 19 6 21 6 77 6 29 6 4 7 6/7 11/7 13 7 19/7 21/7 23/1 m 31/7 2/8 B hanert Rdam Antwerp 5 7 8/7 13/7 14/7 20/7
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      Page 16 Advertisements Column 2
      1129 16 V V VEGA 173* VEGA 174E AiTAR 177N KOREA SHIPPING CORPORATION STORE P. Kriant PENANG 12-13 Am In Port 14-15 Jim FROM BUSAN 12-13 June In Port 28-30 June 1-3 July 14 -15 Jim 4-6 July BANGKOK TO BUSAN FROM BUSAN BANGKOK ALTAJRI7BE 21-30 Jim 1-3 July 4-6 July rsc
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      Page 16 Advertisements Column 3
      791 16 Burn* Five Star Shipping Corpn "BURMESE NATIONAL LINE' LOUMG FOR RANGOON 13/15 km IC/K km PMR Mm "CM 14/14 tm HUH 3/IM BFSSC Agtnh m Matarua BOUSTEAO SHPWNG TEL NOS KL *****4/*****7—PKELANG *****1/8 PENANG i *<|wiw Or liiwwir iMifMMMMiri S. A C I F. *****1/8 cams*; "ARGENTINE NATIONAL LINE" LOAOMG
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      Page 16 Advertisements Column 4
      317 16 SI NOSE MARITIME PTE LTD IO SANKYO LINE JAPAN/STRAITS SERVICE 9NOB MNHTM PTI lID TU *****44/7 I 22*1171 SL/W UNION LINE SMGMRE fJtELAMG PENWG LOW F« JAPAN HMO 27/ C 29/6 KAJtACH Atom smcapore an Marat rn in TU *****44/7 I *****70 BOOKHE SUMY BTK COMPANY ID. 222(352/3 OMULUMW tBTWWHiWHi
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      Page 17 Advertisements Column 1
      883 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH, JEDDAH AQABA (Reefer Cntrs Acceptable) S PORE I COLOMBO VESSEL KOTASAHABAT 23W/24E I Sailod 11-13/6 KOTASAHABAT 25W/26E I 13-14/7 18-20/7 KOTASAHABAT 27W/28E I 20-21/8 25-27/8 JEDDAH AQABA li-i'iv;/ .1 20-22/6 24-25/6 26-26/6 7-6/7 26-26/7 30-31/7 2-3/8 13-14/8 3-5/8 7-6/8 10-11/8 21-22/8 13/6
      883 words
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      Page 17 Advertisements Column 2
      925 17 FJT» BENLINE CONTAINERS EXPRESS CONTMO SERVICE TO/FROM EUROPE Car*aaßar WBURG S port P Crnwi IVI 14/1 1/7 11/1 21/1 U/7 v/t a/i 11/7 4/7 1/7 8/7 11/7 U/7 l/l 19/7 n/7 U/l a/7 a/7 17/1 VI vi a/l B HAVtN ROAM Amtnt Artwtrp V 7 «/7 11/7 14/7 a/7 a/7
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      Page 17 Advertisements Column 3
      713 17 p Mm Nam mw Spare nv> Fatoar l—tm »n«IPf NACA PATIOOS SM toCM 15/t 30 4 M Part S STAA SM AMOR 94 8 QAttlA A WOGBSS l?/t AOMKM 72/1 7/7 11/« KHMLLA 14/4 MBON 17/ C I PttoCA MEIATI ?1/* SUM a/t 14/7 25/t ft 22/1 MBQNM/I MM* A
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      Page 17 Advertisements Column 4
      588 17 BOUSTEAD SHIPPING AGENCIES :<*vt I.My 3 t .Tin,' SPORE R'DAM hull hmbg IVYBAHK 17 Jun 13 Jut 16 Jul 19 Jul CLYDEBANK 4 Jul 30 Jul 2 Aug 5A«j FORTHBANK 9 Aug 3 Sop 6 Sop 10 S^p CORABANK 15 Sep 11 Oct 14 Oct 18 Oct Lines U.S. GULF
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      Page 18 Advertisements Column 1
      1409 18 > K Kline KAWASAKI KISEN KAISHA, LTD. FEEDER #SJEI STORf R lACEJM VI4E In Port j. en« m 12 hin M OCJIAID Vl3 20 lun i men w 2 Jui cioair?x n tui toe* <•<« M motto *s»i •WW YORK MARU YASHMIA MARU (■TOHBEI MARU AURO6E MARU tokyo mm 28
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      Page 18 Advertisements Column 2
      511 18 CALfORMA/PACfK MRTt NUT SERVICE EXPRESS CONTAMER/REEFER SERVICE Im*| tm-108 —fin. SM FUNCBCO. MTTU. TACOMA. tWCOMO IX. Impel rtl/Kl Mmi a* i Mr 4/smt 11 Mr AUSTRALIA EXPRESS CONTAMER SERVICE pmm« Sm 21 mb ma iwt 1 Ml 2/1 Ml FOVTa Cmtmm IMb Mtf Sr4 Mmxu II Mr II M| lis
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      Page 18 Advertisements Column 3
      591 18 KORINS MARITIME SERVICES S Room 6C»I. ICB Bjildinq Way Singapore T e *****22 *****67 P Keiang T e *****4,*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES lotting For Bandar Abbas/B Khomoni Bandar Abbas/B Khomon Bandar Abbas/B. Khomon Hodcidah/Oi«>outi/Altief/ Aleiandru Benghazi/Malta/Cassabiancay Las Pabnas Bandar Abbas/B. Khomon BUNGA VANDA Shipping Co. Ltd. ASIA MERCHANT MARINE
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      Page 18 Advertisements Column 4
      615 18 INTRASEA (PTE) LTD S'fHj.u• 020' T >• 1 .'Oi s BREAKBULK SERVICE TO EUROPE/UK S port P. piNt lor ACMiraiß ***** It Mm 12 Jmm IEDDAH/BOULOGNE/RIMAI/ UK(AVON) ASTERION *****.. 14 Mr IMy BOULOGM /RDAM/UK (AVON) Vessel iMdni at Koti Knabafc /NANTES FULL CONTAINER SERVItt TO EUROPEyU* L. rj S pore
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      Page 19 Advertisements Column 1
      446 19 fcNOL k NEPTUNE ORIENT LINES LTD l Wi FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A member o* ACf Conson«u TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/from Scandinavia K JACEWON S pore Closing Times FCL Cargo 2300 16/6 LCL. Cargo 1100 16/6 FROM EUROPE (VIA SUEZ) STRAITS/AUSTRALIA RO-RO CONTAINER SERVICE A
      446 words
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      Page 19 Advertisements Column 2
      446 19 TRANS-SIBERIAN CONTAINER LINE appointed agt (UMCON SYSTOd <HK) LTD.) FCI/ICI TO: MliA/ASTMU/TDOUM/KMU. FaS OtT: POLAM)/C2ECH/H*GARY/ROMMIA/YUGO/BU.CAMA I* lo H* VOSTOCHNY (MA T») 16/6 P. VLADIVOSTOK* 22/6 24/6 -ft- PAKHOED ROTTERDAM BV F CI/I CI TO UK com VIA ROTTEWAM. ALSO ML AMD B/l ISSUtO TOW Germany Mfddori. Frankturt. klur»ch,S»»tzerfand Bitd, Zunch
      446 words
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      Page 19 Advertisements Column 3
      970 19 *SNSOV SINGAPORE SOVIET SHYING CO PRIVATE LTD StfSOV BUR.***** 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SMSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** p HELAHC penang M/S SHAJUKAT NAH SOON SON. BHD IST ANO 2NO FLOOR MESSRS HAI THONG SMPFMG 23 Meld
      970 words
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      Page 19 Advertisements Column 4
      89 19 SAMSHIP WOOD CARRIERS TIBER I PLYWOOD SERVICE TO W/CONTMMT SMAAMCA STOK 11/6 IS/( LOMMCFOH NANUS HM/Un /UK (TUUIY) CASABLANCA Sm/ROM'ANT/UJI (TUUKT) ono wow sun pouts subkct mducement AGENTS: S'PORE: CONFRE-ASIA PTE LTD 2607/2610 UIC BLDG SHENTON WAY, SINGAPORE BOOKINGS TEL: *****44 AGENTS K.L. ORIENTAL SHIPPING CORP BOOKINGS TEL: *****6 7th
      89 words
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      Page 20 Advertisements Column 1
      664 20 S S C Group SINGAPORE SHIPPING CORPORATION PTE. LTD 20th floor ocean building Singapore 0104 MARKETING *****2 (3 LiNFS) GENERAL *****1 122 LINESi TELE* RS ***** RS ***** A 8 CARSHIP CABLE CARGOSHIP ltc«|ional Container IJucs 2 SAILINGS A WEEK to/from BANGKOK BERTHING EVERY NOON TUESDAY& SATURDAY HOT THAN* BMW
      664 words
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      Page 21 Advertisements Column 1
      325 21 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG DIRECT LINER SERVICE TO EGYPT (PORT SUEZ PORT SAID ALEXANDRIA) stag pi suu nan oumnw nu u »0T 21 n kty I Mr 11 Mr 14 "MMDS «0T 1 U, 10 M, 25 My 2t M, 31 mm U HOT 23 Wf 22 Auj
      325 words
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      Page 21 Advertisements Column 2
      346 21 CARGO SPACE AVAILABLE ON LINER VESSELS LOADING FOR A LS°h OMBO CM,TGG CALCUTTA, RANGOON, KAV• AN,LA MUSCAT, DUBAI, DAMMAM, KUWAIT, ALEXANDRIA, MARSEILLES. R'DAM, REUNION, DURBAN, AMGOLA J**. SAMARANG, SURABAYA PLADJU, TARAK AN.BONTANG ft U.S. GULF INDOGULF FREIGHT SERVICES TEL: *****00. *****01 TELEX: RS ***** INDGUL TIGER EXPRESS LINE (iptu s«ntf
      346 words
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      Page 21 Advertisements Column 3
      114 21 3415, Ummtm* Pta, Dmm U. fpm 1207 I* *****11 (12 km) Triu: IB 2M29 FRTMM REGULAR CONTMNER SERVICES Fa AND LCI TO: AUSTRALIA. NEW ZEALAND, UK/EUROPE, USA, CANADA, HONGKONG, TAIWAN OTHER PORTS/DESTINATIONS ON REQUEST ►UIAN HUAT SHIPPING CO, (PTE.) LTD. fcWj MTOMirOMI PIUA, 13TH FLOOR 9f* 1319/13?* STORE Mt7 TELS
      114 words
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      Page 22 Advertisements Column 1
      459 22 m* HAJ SHIPPING SDN. BHD. iS< )At AN TfNOUBADAh COM I MIANG 111 JK99/8 HHO9bJ <80%t> Hit* MA j%46 HAISHP ETA ETD HAMOAH V: 6/82 19/6 21/6 HAMDAHV: 78? 7/7 9/7 HAMDAHV: 88? 26/7 21/7 •HAYATIV: 8/82 •HAYRTIV: 9/12 •HAYATI V: 10/S2 AMR V: 5/82 (H) 12/6 14/6 AMR V:
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      Page 22 Advertisements Column 2
      203 22 MAGNA MARINE LINES 311 'i.'ic'i I.#-3A'IT SOUTH AFRICA O BLUE OCEAN LINES OK.CT REGULAR NON CONFERENCE SERVICE TO COLOMBO MO KARACHI Rainbow (ham Line TO: MEDITERRANEAN SEA S'par* P. KtUnf Penanf Loadng far: 25 lira 26 Jim IMy Pari Said/Maiamhia/ Lanassol/Benit/Pfraeus/lattalua (fort Sudan/Aqaba/Manin Subject to Inducement) SAGASIA PTE LTD. (LOUS
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      Page 22 Advertisements Column 3
      361 22 SINWAH CONTAINER LINE REGULAR CONTAINER UNER SERVICE TO AUSTRALIA. PEN ZEALAND AM) FAR EAST M.V. XINHUA LONG ETA S'pore 23 June ACCEPTING CONTAINERISED CARGO FOR MANILA, HONGKONG, SYDNEY, MELBOURNE AUCKLAND AND WELLINGTON General Agents: YICK FUNG SHIPPING ENTERPRISES CO. LTD Ist. Floor, Bonk of China Blda Battery Rood, Tel: *****5,
      361 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      155 22 Regional Weather H I* M m ft ft >5 m K > as Sift IK SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather s~Y Wind direction with speed in knots Rain \J Cloudy Sky Wave he hl Surface winds are Indicated
      155 words