The Business Times, 18 November 1982

Microfilm: NL13612
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 THUBBDAY, NOVEMBER 18,1162 60 CENTS
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  • Article
    Falling demand hits plastic toy manufacturers
    312 1  -  Bf LIM SOON NEO PLASTIC toy» manufacturers here, who are going through a rather difficult year, expect tougher times ahead. hfikko Toy Singapore Pte Ltd has stopped production while other makers are preparing far stiff competition in the months ahead. A spokesman for Nlkko
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  • Article
    Lock icon Dawe's acquittal quashed by court
    284 1 Reuter THE Hongkong Appeal Court yesterday quashed the acquittal of internatioaal financier Amos Dan* on muM-miHk» dollar fraud charges and issued a warrant for his arrest A district court had Aonud htm not gußty last November hot the Attorney General's appeal against his acqprtttal was
    Reuter  -  284 words
  • Article
    Unexpected boom for TV makers
    524 1 THE forthcoming Asian Games has sparked off an unexpected boom worth tens of millions of dollars (or television manufacturers and dealers in Stagapore. Families in India.are rushing to buy colour television sets, which are relatively new in the country, in time far the games, which
    524 words
  • Article
    Labour force increases by 37,000
    93 1 THBBB wove tIJM am wHhMs hi the lahear Urn Is the «MM fsariar of the year compared with the uSmShli dawn. The waehsnMn theJhM faarSwMshMtilE ap to frelatsst uy af imi|niiL The fcnaspsrt aad ess»eMMai? Mg en htPsaSn to nas ef the maul alow* dawn
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  • Article
    Economic growth slows to 5.7pc
    589 1  -  ay JOHN LIM THE Stagapare economy suffered a further slowdown in the third quarter with real gross domestic product (GDP) growing by Just 5.7 per cent This brings the growth for the first nine months ts 15 psr cent, significantly lower than the ll.t per
    589 words
  • BRIEFLY...
    • Article
      Banks cut prime
      68 1 MORE banks haw» Joined the Big Four in redwing their prime rates. From today, Tat Lee Bank's prime rate wffl be down by a quarter point to SJS per cent while Banque Nationale de Parte will trim its rate by half a point to 9.5 per cent
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    • Article
      Lock icon Jail sentence
      55 1 Reuter THE director of Indonesia's ship procurement agency was sentenced to four years imprisonment for corruption in the purchase of an intertsland ferry that sank in the Java Saa, killing more than 000 people. Nuswari Chatab received the sentence (ran the Jakarta central district court and was also
      Reuter  -  55 words
    • Article
      Lock icon Nastier than a snake
      77 1 Reuter THE commander of US air forces in Japan and Korea said he was concerned over Soviet military power and described new Soviet Communist Party leader Yuri Andropov as "nastier than a snake". Lieutenant-General Charles Donnelly, on a three-day visit to US Air Force installations in
      Reuter  -  77 words
    • Article
      Lock icon Unified stand
      69 1 AFP THE Association of South-east Asian Nations Is pooling vital information on errant foreign suppliers and contractors, leading to a possible "unified stand" against such companies in the future, the PhilipPine trade and industry ministrysaid. Economic ministers from Asean, meeting in Singapore on Nov 11-13, agreed on a
      AFP  -  69 words
    • Article
      Lock icon Free trade zone
      53 1 UPI TAIWAN piano to build its first free trade soae in a bid to attract nonpolluting and technology-intensive industries. Under a plan being drafted by the Council of Economic Planning and Development, Taiwan will oiler generous tax incentives to potential investors and relax controls on foreign exchange,
      UPI  -  53 words
    • Article
      Lock icon Offshore banking
      57 1 Reuter FOREIGN banking institutions would be able to estsMlsh branches in Taipei exclusively (Or offshore banking operations under preliminary regulations drafted by the Finance Ministry yesterday. The draft regulations said foreign hanks would not be asked to put up any natives aqd Taiwan would give tax incentives to
      Reuter  -  57 words
    • Article
      Lock icon Pressure on sterling
      77 1 Reuter THE British pound came under renewed speculative prtssuu yesterday and dropped below US$l.BO (Or the first time since late 19TB. Heavy selling of the British currency by banks and institutions drove sterling down to $L9V?D. Dealers said they had noted no intervention by the Bank of
      Reuter  -  77 words
    • Article
      Lock icon Maekawa coming
      31 1 Reuter BANK of Japan governor Haruo Maekawa will attend a biennial meeting of central bank governors from the Asian/Oceanic region here next Wednesday, the Tokyo bank said yesterday. Feutcr
      Reuter  -  31 words
  • Article
    Indonesian exit tax will hit tourism initially
    42 1 MMMkamMM the pmnMlriMly. rttmrii'aa: jyd»i ih liSitmt! '«fa 1 A< MirAMMi^ a «lIP Am M af lOotes aH aid tat tat «mM af Mi anas* wi IM m 4 K S^raMhMte* lhM« illMl iSTISS A,f
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  • Article
    Hong Leong finance group to tap $103m
    525 1  -  f SIOW LI SEN THE largeet non-bank affiliated finance group In Singapore I* tapping mare than $100 million from die stock market. Yesterday, Hong Leong Finance (HLF) and, its 75 per cent owned subsidiary, Singapore Finance (Sinfin), both proposed separate rights isms to
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      264 1 fops h CarAucfio Technology FUJITSU TEN LIMITED AMATEUR PHOTO STORES LTD Ilngapon: Phone *****22 Kurt* Lumpur Phone *****3/*****0 •nw«: Phone *****/***** Marts: Phone *****0 as FALLING interest rates and agreements on IMF aid (or Hungary, Mexico and Argentina have led to cautious optimism that world debt repayment problems can be
      264 words
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      Page 1 Advertisements Column 2
      36 1 7JE uiaaiaiiuiin unrar ■nr u <•» f •n iSMf* »i itITTZ; So(€ Agent: Gold Time (S) Pte Ltd 312 Parklane Shopping Mall. Selegie Road, Singapore 0718 Tel *****81/2 Aiu/stiie j t ail leading msic/) i tunic is
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      0 1 {<.]%<}>?[-{";>|[-^&((;>,:{$.}*
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      Page 1 Advertisements Column 4
      19 1 gfroidgenla Pim;RT ROLBX' WEKPHUPPE Cartier THE HOURGLASS BTW, Executive cars. Executive trudts. v i Executive trucks? ■<» •C -vit ETEI*
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  • BANKING AND FINANCE
    • Article
      Lock icon Positive signs emerge on world debt scene
      560 2 Reuter FALLING interest rates and agreements on IMF aid for Hungary, Mexico and Argentina have led to cautious optimism that world debt repayment problems can be surmounted. Alexandre Lamfaiussy, assistant general manager of the Bank for International Settlements «(BIS) in Basle yesterday cited
      Reuter  -  560 words
    • Article
      Lock icon Yen may strengthen slightly
      120 2 Reuter THE yen is expected to turn out at an average 250 to the dollar in the current quarter and suengthen marginally towards the end of the final quarter of fiscal 1982 which ends next March 31, Fuji Bank Ltd said. fit its quarterly report, Fuji
      Reuter  -  120 words
    • Article
      Lock icon JAL's 15-year Eurobond
      106 2 Reuter JAPAN Air Lines Co Ltd's US$54 million, 15-year Eurobond, guaranteed by the Japanese government, will be accompanied by a yen/ dollar forward contract for the payment of both interest and principal, the Japanese finance ministry said. fhe forward contract, only allowed by the ministry on government-guaranteed
      Reuter  -  106 words
    • Article
      Lock icon Poehl calls for 50pc increase in IMF quotas
      388 2 Reuter INTERNATIONAL Monetary Fund (IMF) quotas should be increased by at' least 50 per cent to give the fund sufficient strength to play its role in resolving world de* problems. Karl Otto Poehl, president of the bundesbank mid in New York on
      Reuter  -  388 words
    • Article
      Lock icon Bridging loan agreement
      262 2 Reuter A WORKING group of 11 international banks has provisionally agreed on a proposal lor a USSLI billion J..1 Si| m A Qnaging credit tor Argentina. The group, expanded from 10 with the addition of Royal Bank of Cansda, may meet Argentine offlrials later this week for
      Reuter  -  262 words
    • Article
      Lock icon Lloyds raises provision for bad debts to £115m
      578 2 Reuter LLOYD 6 Bank's International unit km rated fiscal i»2 provision tor bad and doubtful debts to £115.4 miiiiw. from 1981' a £43.9 miiHwi Lloyd» Bank International (LBI) said the breakdown of the profit and km account charge for bad and doubtful
      Reuter  -  578 words
    • Article
      Lock icon UK group expects low rates
      183 2 Reuter UK BANK baae rates will drop to f per cent in the drat half MS tram the cur i eat 9 per cent level, end the government will attempt to hold them down to —>*1« return j ahead of an election, the hnticfa* and
      Reuter  -  183 words
    • MONEY AND EXCHANGE$
      • Article
        Gold
        308 2 GOLD FUTURES la Sfa«apore yesterday closed generally OrsMr on some local and European baying. Trading was light with total aales for the day recorded at 191 lots while kerb volume at SI lots. Prompt dossd higher at USKLO/CL2 an ounoe again* 401/411 in New York overnight February at 419J0/
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      • Article
        Tokyo
        104 2 THE US dollar far ova elglu deUmj fa Tokyo yesterday closed weaker at MLM yen after opening at MUI and compares with a US West Ooeet dose of 253.C/65. This was sharply befaw the MS close fa Tokyo on Tuesday, fat slightly above the New York overnight -i*— of
        104 words
      • Article
        PLR
        22 2 THE averti* rate at which aajor SiagaCre baaka are curntly prepared to lead to their best customers •Is 9.48 per eent.
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      • Article
        ASIAN $
        163 2 ASIAN ASIAN currency deposit interbank rates as at close on Nov 17: WDAnlM OilrlSl 7 days H l mootb t« H Smooths tU/M > 13/16 3 months 14 t* Smooths 10Via Ml/1« 0 months 10« 10* 13 months 10H 10* 0ml H/n (lSUSi MM) 1 month 7 3H 3 months
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      • Article
        Discount
        40 2 RANGE of prtci o(M by dl» Ovonrifbt: m CkU deport*: m Quit fcytaf UN 3-Donth Treasury bills 3* 3 5- month Bank bills 6« SH 3 months CD 8H 8H 6 months CD «13/1« 113/13 Source: National Discount Co
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      • Article
        Singapore market
        390 2 BOTH STERLING and the US dollar weakened sharply in late trading on heavy commercial and institutional selling. Dealers aaid the poind remained depressed by the prospsct of farther tails In UK Interest rates and oil prices, conpled with n deteriorating current account balance of payments while the US
        390 words
      • Article
        Hongkong
        85 2 THE US dollar in Hongkong ysaierrtaj was narrowly mixed sgatnat otter major currencies after tradlag quietly throughout the day, dealers aakL They noted mounting uncertainty* over the proapacts for a US dlaraunt rata cot after the larger than eipectad riaa hi US money supply figures on Monday, although forecasts
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      • Article
        London
        42 2 US LOSS/91 cu-un/e Oaes LIMB/SI DMk —tUB/S D n 4.MS/5U2 S Ft-* UBS/10 B FT can S0.1I/S F FY 1LOB 7006 Lit 2S7&»/2»2.« Yen 4ZLB/4XM0 D Kr —*****5/»® N Kr 11.7006/215 S Kr —12.100/92 Aw ach B.08/0S Port HB.00/7S Spnta 1MJ0/57
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      • Article
        Treasury bills
        39 2 THE Monetary Authority of Singapore has invited and discount to tender for a total of H5O million 91-day Treasury bills to be issued from Nov 32 to No«*, Sack tender must not be tor fass than »50.000.
        39 words
    • Article
      Lock icon World Bank loan rate to fall next year
      199 2 Reuter THE FLEXIBLE stf-mouth rate at which the World Bank lends will fall in January from the current 11.43 per cent set in July. Bank treasurer Eugene Rotberg said in an interview the unspecified reduction would result from the bank's recent short-term
      Reuter  -  199 words
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      Page 2 Advertisements Column 1
      95 2 wit iu< t; Cyl 11 D L i'' >[ > t IC t Assocuition (CDG) ciiici liio vjoethe-lnstitut Singapore j• >ir :t{\ ofi j illiS(3 4-DAY SEMINAR (m Encjlish) HUMAN RESOURCES MANAGEMENT IN TIMES OF ECONOMIC RECESSION curulurUKl hy MR WOLFGANG FREYBOTT Dir >•< ("!»?ntr. S» t v'( < tor
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      Page 2 Advertisements Column 2
      91 2 1 i rj JWIW -3^ '•< K >. )TZ rsr f$ it A REFLECTION OF TASTE The Serie Big Director's Suite, from Mariani of Italy. &g news for bosses who believe in the best. Of contemporary ageless saddle leather, the director's desk comes with matching armchairs that tilt and swivel
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  • TRADE AND INDUSTRY
    • Article
      Complex to house local European groups
      261 3 THE EUROPEAN communitiea la Sbigapore are finally going ahead with plana to develop Jointly a muhi-millkxHloUarinterna-tional complex on land belonging to the Swiss Club. The Dutch, French and German communities will bnlld schools while the British are putting up a recreational complex on the
      261 words
    • Article
      Harlen spends $8m on bigger factory
      501 3  -  By LIM SOON NEO A LOCAL maaufactura of coconut-baaed products has recently spent |8 million on a bigger factory to step op production and exports. Harlen Manufacturing, which produces coconut cream, water and Juice as well as coconut milk shakes, will begin production at
      501 words
    • Article
      Fashion buyers go for investment clothing
      240 3 BUYING power in the fashlon world is not lacking, although today's buyers tend to go (or investment fsshlon Rosemarie Zeiae?, an Austrian fsmina designer, said Investment fsshfcn will be presented at Austria Style *83 by more than 30 top Austrian designers sad manufacturers at
      240 words
    • Article
      Consultant installs CAD system
      391 3 A LOCAL engineering consultancy firm recently installed a $175,000 computersalded-draftlag system to ensure Its future In a market It termed as "where only the fittest wffl survive". "The engineering service Industry wffl be very competitive in the next tew years," said Mr Lee Keh Sal, principal
      391 words
    • Article
      MEMO PAD
      816 3 ■EMMABS ANDCOUBSEB Nov *Due 2 (Tuesdays aad Thursdays): QC Circle Facilitator Training Course, Regional English Urnn>gf Centre, NPB v Nov IDsc 9: Marketing Management, Cuppage Centre, NPB Nov OApril 28 (Tuesdays, Thursdays and Saturdays): Safety Officers Training Course, Cuppage Centre, NPB Nov 10: Oedit Mammmmt, Century Park Sheraton,
      816 words
    • Article
      Hydraulic system design programme
      178 3 THE mechanical aad production engineering department of the ißngnpore rrujiecnmc ana iat iOtOQitke advisory wtoe of the Sheffield Polytechnic will Jointly present a programme on "hytkaolic system design". The six-day programme, from Nov S to 27, wm be held at the Wngnwre Polytechnic. The objective It
      178 words
    • Article
      NTI post for Swedish professor
      168 3 PROFESSOR Beagt B Brcxns, a prominent engineer and academician from Sweden, has been offered a teaching appointment tn the School of Civil and Structural Engineering of the Nanyang Technological Institute. The appointment, starting next January, will last three yean. Prole—or Broms, who holds a first
      168 words
    • Article, Illustration
      Slucon trailers to be made here
      533 3 TRADE TALK SLUCON Australia haa conrhided an agreement with Morhsiili si Handling Engineering (S) to manufacture and market iti container trailer* here. Slucon director Rex Bentley describee this agreement aa "the big hmefcHeimgli we have been seeking" to the company** awm** markets. Mr Bentley
      533 words
  • Page 3 Advertisements
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      68 3 it: <; 5.*i m M •*> MM u u <> V;* i V, C* Vw s «y #KJe V* -T ■stjL ■Has n T--•;r- m u~ V V. r 7 s? s»»* ff«s t «n > w* -V <•1 > <ferV Stf r-'w j V fi > V -*rri ./>
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  • OVERSEAS
    • Article
      Lock icon Volkswagen hard hit by poor sales in America
      311 4 Reuter A SLUMP In ales on the US market helped produce heavy lomi for Volkswagen in the first nine months of the year, the West German car company said. The group reported s hefty 144 million Deutschemark loss after a small profit
      Reuter  -  311 words
    • Article
      Lock icon Soviet view on how to revive trade
      489 4 U.S. BUSINESSMEN IN MOSCOW NYT SENIOR Soviet trade officials have told f American businessmen, on their first large scale foray Into Moscow in four years, that Washington would have to renounce trade sanctions if US-Soviet trade is to revive. In the opening Soviet
      NYT  -  489 words
    • Article
      Lock icon Wooing investors to Manila
      150 4 UPI PRESIDENT Ferdinand Kara» of the Philippine* yesterday eased restriction on foreign investments (a a mow to attract overseas capital, particularly from Hongkong, to the country. A government announcement said Marcos issued a new order amenrttig the VI9 foreign investments decree authorising the Issuance of special
      UPI  -  150 words
    • Article
      Lock icon Pipeline move may not help US traders
      415 4 NYT WHILE President Reagan's removal of ucttMi 'p 1 compute participating in the Soviet gat p*p*Mw project Is a step towards earing bilateral economic ■trains, many businessmen sad experts In New York were sceptical that it wank) rewilt in increased trade with the
      NYT  -  415 words
    • WORLD IN BRIEF
      • Article
        Lock icon CAUSE OF EXPLOSION
        279 4 Agencies ISRAELI military investigators have cowrhided that aa erplnsfaa which killed people at aa braeU Army wadnuai ms la Tyre. Sooth Lebanon, was caused by a kitchen gas leak. The javeeHsalui who are to deliver their ryit at the end of the week, have virtually ruled out
        Agencies  -  279 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      691 4 ARRIVALS Opera tor Ntab •r The Vim BA PAA SLA SU MAS BA14 PAHS OM MEL/STD/PER Ml JFK/SFtt/HKG MS KUL an MAA Ml KUL MAS RBA MAS CAL CPA MAS GU su SLA. THAI GU RBA SU MHM Bid MHR1 cbm CX7M MMU GAM GAM BUS t
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    • Article
      Lock icon US car industry should drive out of recession soon
      418 5 Reuter UPI THE US car industry should recover from Its current recession soon ss the demand for new models increases. Douglas Fraser, president of the United Auto Workers (UAW) said in Washington yesterday the average age of cars in the US
      Reuter; UPI  -  418 words
    • Article
      Lock icon De Lorean Motor Co sold for US$1.5m
      241 5 NYT A FEDERAL bankruptcy Judge in Detroit yesterday approved the sale of De Loreaq Motor Co s assets to a Columbus, Ohio, firm for USSLS million, in spite of an attempt by John De Lorean's brother to buy the company. Judge George Woods
      NYT  -  241 words
    • Article
      Lock icon Reagan says 'no' to defence cuts
      379 5 AP US PRESIDENT Reagan has demanded that Congress not tamper with Us Incometax cuts, the big buildup in US defence spending, or try to enact a big public works programme to create Jobs, declaring "we will not negate all the good we accomplished in
      AP  -  379 words
    • Article
      Lock icon US discount rate stands at 9 1/2pc
      237 5 NYT THE Federal Reserve Board, in another disappointment (Or the Hnanffrl markets, let the closely watched discount rate stand at 9V4 per cent, leaving investors wondering whether the string of cuts that began last summer has run its course. But in a major
      NYT  -  237 words
    • Article
      Lock icon Air France expects to incur loss of US$109m
      353 5 Reuter STATE-owned Air France yesterday said it expected to suffer a loss of US$lO9 mfflton In 1982. Chairman Pierre Qrandet said in Paris, however, the company was in better shape than some other airlines and had no plans to shed staff or
      Reuter  -  353 words
    • Article
      Lock icon Mugabe's appeal
      235 5 Reuter ZIMBABWE'S Prime Minister Robert Mugabe has appealed for American support for black Africa against white-ruled South Africa. In a speech of welcome for US Vice-President George Bush, the prime minister accused South Africa of destabilising its black neighbours, oppressing its own people and resisting independence for Namibia
      Reuter  -  235 words
    • Article
      Lock icon Japan to cut more tariffs
      131 5 Reuter JAPAN to planning to cut import tariffs on 221 item by an average 48 per cent from April 1 next year its second package of tariff cuts aimed at promoting Imports, the finance ministry said. Some 13 items have been added to the Jtot
      Reuter  -  131 words
    • Article
      Lock icon Manila Hotel in joint venture with Chinese
      180 5 AFP THE Manila Hotel bagged a US$4O million Joint venture with the Chinese government to build a 350-room luxury hotel in Guangzhou by 1964. Manila Hotel officials said the International Grand Hotel will either be a fouror five-star and will be designed in
      AFP  -  180 words
    • Article
      Lock icon PLANS FOR LIQUIDATION
      166 5 Reuter MEXICO announced plans to liquidate 108 out of the 743 companies, trust fundi or Mate agencies which are wholly or partly owned by the government. An announcement, published in the official gazette, said the move was part of a programme to streamline public administration. Among the
      Reuter  -  166 words
    • Article
      Lock icon Fall in American industrial output
      215 5 NYT UPI AMERICA'S industrial output fell 0 J per cent in October for the biggest decline since April and giving evidence that the slumping eeonomy has still not touched bottom. The decline was the lJth in the industrial production hides a mrasnrt of the output
      NYT; UPI  -  215 words
    • Article
      Lock icon Protectionism can become disastrous
      516 5 Reuter THE danger of a potentially disastrous chain reaction of trade protectionist measures is now greater than at any time since World War Two, the secretary general of the Organisation far Economic Cooperation and Development (OECD) warned. Speaking a week before a major conference of trade
      Reuter  -  516 words
    • Article
      Lock icon EEC sticks to austerity plans
      182 5 Reuter EUROPEAN Community governments hsve pledged to stick to their economic austerity programmes, in spite of near-record levels at unemployment. At talks in Brussels, Convened to discuss the highest Jobless total for nearly 40 years, tbe community's finance and employment ministers rejected calls from trade
      Reuter  -  182 words
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      305 4 o" u. ..w "S V ST 1 ■s^J^ ■i' .J K" -i M: '0 Uecause you re a professional 24 hours a day, business must go on wherever you are be it on trains and boats and planes or simply returning from a meeting. A Philips Pocket Memo turns your
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      31 5 fcViig rj makes a difference to the quality of technical specialists you get for your projects? SKILLUM where only the best personnel are found. call *****90 For temporary or permanent placement.
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      Page 5 Advertisements Column 2
      320 5 mTffiKMfIYFMMDE For Sole at Attractive Prices: Quafity Office Space with Multipie Conveniences The Parkway Parade multi-use complex is located on a 31,500 rrv site stretching from Manne Parade Road to the East Coast Parkway. The office tower fronts Marine Parade Road. The project furthers the Government's plan to create a
      320 words
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  • Article
    Uncertain outlook
    504 6 SOME CHEER is provided by the latest quarterly economic survey of Singapore. Despite a further slowdown between July and September, overall economic growth for the first nine months was 6.5 per cent, a figure most countries dare not even hope for. Though significantly below last year's 10.3 per
    504 words
  • Article, Illustration
    Lock icon Americans design Japanese cars
    1914 6  -  Toyota's sporty new Celica took the American public by storm in 1978. But few Americans knew it was largely designed in the US by a mostly American staff. Other major Japanese motor companies have since followed the Toyota example and established design centres in southern California
    NYT  -  1,914 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      119 6 Whether you come for lunch or dinner, our service is as impeccable as the cuisine we serve. U Eft SHARK'S FIN RESTAURANT Q9 Orchard Shopping Centre, Orchard Road, tIZ (Lenel 3, above Mohan's Departmental Store) feP Sin^°re Shui Hir H3 Singapore 2SrS£"* TEL:*****27 f *****90. NOTICE To the holders of
      119 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      3 6 wrouGCT APwerci t.
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      1293 6 TV RADIO 1 .SINGAPORE 5 3.00 PM opmdng Mewed by Dynasty (Mandarin/r) 3.50 The Paper Omm The Men Whe Cotid Ba Kk> I 4.40 Sacral Valay Super Scoop 5.05 Kidswertd: Kidswortd correspondent Tammy Tan-' ner reports from Georgia on the Atlanta Jazz N Theatre's Junior Dance Company, a group of
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  • Article, Illustration
    Lock icon The multi-billion dollar 'zoo'
    1529 7  -  PAUL BETTS goes behind the scenes at Salomon Brothers in a period of record activity on Wail Street PAUL BETTS FT THEY call it the zoo. Five minutes before the New York Stock Exchange opens for trading, Stanley Shopkorn, head of equity trading at Salomon Brothers,
    FT  -  1,529 words
  • Article
    Australian insurers reject bad risks
    1363 7  -  By FLORENCE CHONG THE Australian insurance industry smarting from hefty underwriting losses, has virtually declared at leas four categories of business, notoriou as bad Ore risks, uninsurable. Heading the list is the fast-food, take away business, followed closely by plastics, woodmaklng and cloth ing factories.
    1,363 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      218 7 ,1 1 'i n I t mustimliJ: tuHit Sports Watches An elegant design commemomhng Baume and Merciers 150 th anniversary. Ultra-thtn quartz movement with a scratchproof -Hitiphrr shield and water-resistant to 30 in 18 ct gold-and-steel combination orall-steel. with matching bracelet or leather strap For both gentlemen and ladies The
      218 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      214 8 Where to wine, dine and entertain AMERKAN with the American Express* Card If you don't already have the Card, call *****33 for application form" i" r i *n S£ ->**■ tOL Luncheon at a special prior. With toagat adding delights like 4 Ciirty Ayam,€hap Oiye and SambaJ Timim, just to
      214 words
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      Page 8 Advertisements Column 2
      132 8 N i V I 1 R M Hil V>r lunch «>r dinner }'(>r a rich I v rvirun/.'nq r\/>t 7'('( "v. 1 ti< .ns .1 •;,<)> 77 Jk* y < «"11l I I l'\ I 'lllk S||< I'HK 111 S|| lic» H >!•«* M 10.30 a.m.-3 p.m. $21 per person
      132 words
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      Page 8 Advertisements Column 3
      100 8 1 Ik ported end to a romantu Jri\o. Lxpcrience superb Seafood and unique C in continental ambience. V Sea~%o(££[(ieatre Please call *****83 for reservations. Valued in ail ways. A MEMBER OF THE UNITED OVERSEAS LAND GROUP 7SOO Betters Road Sngapweo7»9 I. I ho I 'resident I .oun^e W Ik-rv tlie*
      100 words
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      Page 8 Advertisements Column 4
      182 8 The Quest for Gourmet Adventuress l\Your search is over. The Quest accomplished. Whatever you choose, it's bound to be manor able. Presenting f J 1 from U.K. Nov 15 Dec 5 At The Belvedere a>d Kmlmli When two leggy professional dancers and a guitar wiz combine their talent*, the result
      182 words
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      Page 8 Advertisements Column 5
      113 8 Keep up your Spirits Mctorhi w H:ir. X Ft 0* R N OR V wrth Ilv6 entertainment from Tha moat relaxing way to rvAwl on your day's suooaas. Nocovsrcharga. PMne Komi. StnpwxM 0*23 T# 7S7»111(20 tnmi r > Sink tort* a soft ahair in yoitr o And nA«i tfw drinks
      113 words
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  • INTERNATIONAL STOCKS
    • Article
      Prices sharply lower
      697 9 i NEW YORK «TOCK PRICES IN New York on Tuesday £kwed sharply lower for the third session in 'a row as investors became increasingly 'pessimistic about the possibilities of a discount rate cut. Tb* Dow Jones industrial average skidded 21.71 points durinf the first hour to dip
      697 words
    • Article
      TORONTO
      102 9 ■OVM CI fe$= mm *r ik mm -V 2—» m -M E2LT3 w ~mj«r QuiHOM CsNULfc CbMwtCI A tni ZZZ mm 11 8H M -H .1*, QMlto^M W *P DMai am ia -M u« M .1 dm li* M UM MM MM +M MM -M 1114 tut Ota 5*
      102 words
    • Article
      Paris
      94 9 wo* M m OiOUP B COKBBILLB j &iuUm o» ISOmkm «Ui •MU ♦•J -i cBrm—>• im U 8£S5?" «uf c cK V r m rn fiiimiw HU -u GROUP C lfiJBiBfcii SU 4Ji ,U r V" 1 r "h !»*a=^-- UM, SSSEF 1 BmS) HJi -UI H MMMpii uaa
      94 words
    • Article
      Zurich
      57 9 HOT M 1 AMMMM OhKMok. 2Sf2iS££ CMiCMplK lUM ♦A Ml M It -M MaiAlr MI MaBnkOMp M j MM -M J MM -M^ MIMMkl Bnlt. M MM MO m m -J J •4 -M -IM •M ♦M > ■r—L-^K-a Oarttkeo 7 •25 ar MM DM •M -M v -M
      57 words
    • Article
      Milan
      50 9 JM -I a* wm lM fU vm *m wm pa *mt n* -M wm -m nm MM* I' Ittt ,S£ J 1 mi s ar us -w mm wmtk mm -r mm -m um wk MM *m m vm MM *H M wk LapaUtCM M 8NTW: BCI Source: BCI
      50 words
    • Article
      Frankfurt
      47 9 MOV 11 as BMM IMM ill S?52 DTMt n«MJD UL* SUM IM rum MM mm JUD IMM -U »0J HI tu Hut I KHD KwtaTA £2 l«J0 UUI MM IMM niM MM MM HTM IMM -1 •1 -u 1 ♦1 -u ♦u HI iU -CI ♦1
      47 words
    • Article
      Amsterdam
      145 9 WW* yb ABM mi KM I KIM **■»>» MM MM mm 4 41 aimm mm Ate an AMXV •u -44 M WmMi mm lltM 1MM 44 -14 gy— M-. turn mm mm MM IKJ MM MM MM 4* i -U i —J 1 3 HI ♦•J I -1 Pttkoi
      145 words
    • Article
      JO'BURG
      148 9 NOV H Band INDUSTRIALS A Atpte IM oaeb tlima M AX And CI m AMM AtOC 1 *1 MM K M ouch D* am lad FTvetk SSL. UMrtto* LTA MAMU wb M uncb tu m m m m m uo 3 ♦M ♦a ♦i 1 1 4 1 1
      148 words
    • Article
      Brussels
      55 9 NOT M rOKWAMO M m LAI KIT Aamm m ■4 Aatar 1M m I ♦1 4 ar* !<■ M 1 -M <4 ♦a g» —r £5 i ♦a n« nn ■4 -W OrlnLaat MM I -4 Mi MM -M -JQ !S jwowm -IS s iH CAM MAI tMta IK1
      55 words
  • RAW MATERIALS
    • Article
      RUBBER
      306 9 RUBBER PRICES IN Singapore yesterday closed slightly lower with December One RSS buyers quoted st 178.50 cents per kilo, down hsll a cent from Tuesday's close, dealers said. Morning prices were marked down slightly en lack of buying support after an unchanged opening. Afternoon prices recovered marginally in quiet
      306 words
    • Article
      PRICES
      259 9 RA8 prlcee In eenu per tiio yeetwdir MM Qgfcflo), 1st. 1 HAS. prompt (Ab. UJl' MUM 1*1.1 HAS. nm—bg 17LM MM taL1 R.S.S Jmmmry MM MLM taL ItAM. mM lllMM uk/om mm iium tat- S m MMI MTjMN UK/CM mM MUM tat. 4 LU. MMI 1ST MN UK/OHL BUI
      259 words
    • Article
      SSR and SMR
      62 9 NOONMail Ul t ((WWi <pj?, SS i 1-Mb palrt) 1*7.80 1MA0N )MB pahu MM U7.00N SS !M4 MMM4 IMJBON SM an r f Ma IMjM 1M.Q0N MM MU» > IMJHN Ju MLOI 1MJBN 1MJM4 at SM 8M 8M or to r M J SB 1 «t3 UMSS
      62 words
    • Article
      CLOSING PRICES
      30 9 Rubber: Not 17 Singapore; Dm 178*0 cent* (down 040 Mat) Malaysia: Dae: 194.00 enu (down 1.00 aaat) Tim M$SO.l5 par kila (uehaitad) OmealofKriar SOS Unum (ap SO toaaa*)
      30 words
    • Article
      Straits Tin
      62 9 THE STRAITS TIN price In Pmag jecteriaj remained at the IT A fleer level prlee ef MfXl.lf a kilo, dealers rsH They noted eentliied streeg snppert frees the hotter sleek manager, aad light Interest frem ether seeters. The tit tonnes tnrnever was ahsat N per eeat foreign ere,
      62 words
    • Article
      LONDON MARKETS
      856 9 COW UC: Robust* codec futures were sharply higher midday, £44 to £77 a tonne tbow Tuesday's dose in u sO6Q pOBuOQS. Price® ended around fresh contract highs set yesterday morning. Sterling's (all against the dollar encouraged rnmmlmion houses to resume recent strong buying. The strong performance confirmed traders'
      856 words
    • Article
      PALM OIL
      157 9 The Malaysian crude palm oil market yesterday closed firmer on strong covering support In active trading, dealers said. In the Nov position the central region rose MQ0 to MJ715 a tonne, north M$17.50 to MJ730 and south Mf9 to MJ712.50 while in Dec central firmed M>21 to MS736,
      157 words
    • Article
      Buffer stock may be key issue at talks
      542 9 CONSUMER AND producer countries of the International Natural Rubber Organtaation (Inro) opened three days of closed-door talks hi Kuala Lumpur yesterday, with the operation of Its buffer stock Hkely to be a key issue, sources at lira's fifth regular council session sakL
      542 words
    • Article
      Lock icon More coffee for release
      211 9 Reuter AN EXTRA 500,000 bags of coffee «ere added on Tuesday to the world export quotas of the International Coffee Organisation (ICO) for the current quarter as prices reached a two-year peak, an 100 official said. The 500,000 additional of 60 kDoe each wm lift the
      Reuter  -  211 words
    • Article
      SOYBEAN
      193 9 SOYBEAN futnrea in Chicago on Tuesday closed 10V« to 5V4 US-cents a bushel higher, assr the top of an U Vi -cent range. Some traders attributed Tuesday*» strength to continued tight fanner holding of the M*rly harvested crop and the resulting lack of commercial hedge pressure in futures. These
      193 words
    • Article
      WHEAT
      179 9 WHEAT futures in Chicago on Tuesday cloned mixed, down IVi US-cents a bushel in nearby December to up as much as one cent in other positions. Steady local and wire house unwinding of bull spreads, buying March/selling December, dropped December to the minus side and supported March by offsetting
      179 words
    • Article
      Produce exchange
      137 9 Omml Mh Buflt Cob 991.90 «Ifcrs, old <knm (M aecood hud dram) Cob SUM! setters, new dm Cob $197 JO sellers. Oipeat Mtnsd Qoam) $50 bnjvn. pJfcTLttMwSf tmjx Z ere, Sarawak «Mat peppsr faq fob NLW «IT JO ssDers. Sarawak special Hack pepper Cob NLW 5J05.00 sellen, Sarawak
      137 words
    • Article
      TEXTILES
      192 9 TARN and cotton prices were quoted as follows In Hongkong yesterday. (In HK dollars, spot ex-go-down) i CMtas yam: CMns Blue Phoenix 9k UB; 39s 3,096, 40s 3,130 (per bale of 490 lbs). Floss gssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and
      192 words
    • Article
      RICE
      316 9 9NGAPOBE: Yesterday'» doting prices in SI per kilo, ex-godown: 1 THAI WHITE: 100 per cent first dia (Kangaroo) nev crop 1.00. 100 per cent second clan 0.78, 100 per cent third class 0.73. S per cent new crap no stock, B-10 per cent 0.70. THAI BROKEN: A-wper 0.10. Special
      316 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      94 9 U 1 1 restaurant celebrates its 2nd Anniversary I And as part of our celebrations, guests wilkbe presented with a 1963 Calendar-displaying the finest works of renowned Chinese artists. Limited stocks ohly. v 1 erchMtan 214, Duneam Road, Singapore 1129 Tat *****40,*****22 Ext 130 The elegant restaurant in the heart
      94 words
    • Advertisement
      Page 9 Advertisements Column 2
      7 9 Please see Page 11 loir Asian stocks.
      7 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1282 10 BID ud after prices officially Hated aad burin— in and reported to the Stock Exchange of Singapore yesterday, with the aamhar of tea traded shown hi brackets h lots of unleaa otherwise SECTION ONE INDUSTRIAL COMMEBCIAL Amu (3448)(4)348(5)1M aumom (iifeß)(4)iJi BA T
    1,282 words
  • Article
    SHARE INFORMATION SERVICE
    2755 10 11 High MS U» Compaay Last Sate +erGr*s Dir DW (Nr Or* TV Net P/B Val COOO) Day High Low 1 8BCTION ONE INDUSTRIAL A COMMBBCIAL an an 141 an 4n no un 4n an 4M an us an an n 130 in an 374 4n MO
    2,755 words
  • Article
    In Kuala Lumpur
    1696 10 0 E2£*2 me a m MtrT^ani Mad *ow htwAW >IWoI BaA rr ikMli (US AM) 1 AIM (LIB) (D LM (It) L 47 (14) LM (T) L 4« (9) LM (21) LM (1) LM d)U iOMdinXDIM AM» (17» 17«) (3) 179 (M) lit en it» (o m
    1,696 words
  • Article
    Index falls 9.36 points
    275 10 AJBKMKBAU.T »»Hw Hub# ii MMt B jriwi ■aMjhiMrtH (M) Mi las**" MBmm L^blhSC^. _I»W»TM, tM WMIII tJfjkBkMBWJI ZLrV ««MaBMMil» BMB kf B —Ijßi «f MI IB N. jwwral Mck^kjq^ bhß mHmmtSmil!' M B it iMBI Hlßtl Far ii priiliß taß M WItBMBM B BtMB *8?DBW" MBMLBM
    275 words
  • Article
    Stocks slide in Kuala Lumpur
    555 10 POOR ovcmu Mi dunpened sentiment on the Kuala T pur stock market yesterday, s—ng share prices lower on a wide front After ooenins marainallv lower ia line with the maker coadltiona on overseas bourses, shares prices started to slip, but within a narrow range, on
    555 words
  • Page 10 Advertisements
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  • COMPANY NEWS
    • Article
      Lock icon GM back in high gear
      523 11 NYT ON DEC 10, common stockholders of the General Motors Corp will receive a quarterly dividend of 00 cents a share. The payout deserves notice because, of the US's four car makers, GM is aow alone in paying a dividend on its common stock. After
      NYT  -  523 words
    • Article
      COMPANY BRIEFS
      238 11 PAPER PHiMh (Malaya) ■M has been asked by the Kuala Lumpur Stock Exchange to furnish the name or names of the banks and other details of the loan which the company is proposing to raise far the acquisitions of Cbandan Development and Teraju Usaha through a total cash
      238 words
    • Article
      DIVIDENDS ANNOUNCED
      425 11 ft* IMallar Mllv as» 2T c» s»" s?"^ jcy &i gss 2:2 ff s £**•*—fi J"«i Nwfl Nov» Dm» 102% as* 22? D«cf4 Jaa4/tt FW>1 20% 85% **>.*!>- MI Oct M Oct 2ft Nov 35 8% 28% P»"!* Oct 5 Oct IS Dm 11 7V*% 5.4%<a) mm 2?*
      425 words
    • Article
      SCRIP ISSUES
      141 11 Il il! Rights issue of 3 for 10 911.00 per share Bona lame of 3 for 4 Bo— Issue of 1 tat 3 Proposed rights iaue of 4tor 5 g |L00 per share Proposed bonus issue Kx Date Nov 24 Nov It Nov IS NYA Beaks 1 Dec
      141 words
    • Article
      Unit trusts
      135 11 szaw S'pora lavaat Fund S'port Equity Pawl Mitwri M^vWVtotd 11 Mai Prag r«md Mai Sacwlty Fma Mb! Berjaya Fund AnSfSwT' S'pior»Qro!rtfc Rod' uSMPSTTSST 1 I SS?J<(UW) nrw hr N* 1* L70 l.» 1.* 1.0S 1J0 nor tor M« 1« LOO 1.41 Lit OJJ tar Urn M1»0 mo tmUm
      135 words
    • Article
      Guthrie Corp restructures
      588 11 GUTHRIE Corporation Ltd, a whollyowned entity of Permodalan Naskmal Bhd (PNB), is now completing a reorganisation exercise that will result in its activities being divided Into two areas, namely plantation and nonplantation. The complicated restructuring is being implemented in several stages to minimise the impact of UK
      588 words
    • Article, Illustration
      Kumpulan Guthrie takes over plantations
      1197 11 UNDER the reorganisation, the Malaysian and overseas plantation interests will be vested in the Malaysianincorporated Kumpulan Guthrie Sdn Bhd, hitherto the group's plantation management arm. The group's non-planta-tion activities will remain under Guthrie Carp PLC which, under the new set-up, will be made a subsidiary
      1,197 words
    • ASIAN STOCKS
      • Article
        Market closes weaker
        224 11 HONGKONG STOCKS IN Hongkong yesterday closed the routine mid-week half day session easier on speculation more local companies face liquidity problems, brokers said. The market opened lower following the decline overnight In Wall Street. It later stabilised "before the speculation fuelled fairly active local selling in the
        224 words
      • Article
        Tokyo shares finish higher
        217 11 PRICES IN Tokyo yesterday gained ground in response to the yen's sharp advance against the dollar, after opening slightly lower due to the fall on Wall Street overnight, dealers said. The market average rose 41.80 to 7,740.10 cm a light volume at 300 mffltai shares. The
        217 words
      • Article
        Manila
        55 11 SHARE prices in Manila yesterday closed mixed on a turnover of 974,430 pesos, down from 1.48 million on Tuesday, dealers said. NOV IT 1 An«£> Phil"*' Saoi •MM vine fc rB^j. t«lJ one 10J0 one 0-0011 »il 1 k M ■UK PtM jtaamrtCia CDCP L* 0-013 une H +U
        55 words
      • Article
        Sydney ends easier
        208 11 THE Sydney stock market yesterday closed lower although some australlan institutional demand lifted share prices from their lows with other investor! sidelined by lower Wall Street prices, brokers said. -J The All-Ordinaries index fell 2.9 to 499.2, closing below the 500 level for the first time since
        208 words
      • Article
        Bangkok
        80 11 PRICES IN Rangimir yesterday closed mixed with losses outnumbering gatwf in quiet trading, dealers said. The Book Club index dropped 0.43 point to 110.25 on a turnover of over 137,300 shares. NOV 17 m ■—lex LM IM KjSSw- m mi nm II— -u SSSSL rSS5 OaOanUW ■acH r m.^O
        80 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      80 11 NOTICE I v To the holders of the floating rate U.S. Dollar Certificates of Deposit due November 18,1963 of A The Mitsubishi Bank, Limited. D B S. Building. 6 Station Way V Singapore 0106. We haraby certify that the rate of' interest payable on the above-mentioned certificates of dapostt for
      80 words
    • Advertisement
      Page 11 Advertisements Column 2
      176 11 RECEIVERSHIP SALE LEASEHOLD FACTORY CUM OFFICE AND PLANT AND MACHINERY LEASEHOLD PROPERTY TYPE Improved type C 3 JTC built detached factory LOCATION No. 9. 2nd Chin Bee Road Jurong Town (acceasible via International Road) AREA 4370.4 *q. m TENURE :30 years wle.f. 16.1.1976 with option for renewal for a further
      176 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      125 12 RiSM PlUrtadtoa m Hva Hii| NCiUN NBT Kalta Msia llhUM m MO 17 10 +1 5 flb^ri-U S35 +5 Atki 3M +4 BPK-8mUu ltt +4 H...M FaHt DBS •00 MiMMrDndf DW no no -JO -JO <23 -JO m -14 tahibl m -U AIM m -11 (MN Lud 740 -10
      125 words
    • Article, Illustration
      KUALA LUMPUR
      35 12 1 BI fliv< MnpmW| fkt vntonnt vM' a mM e®e end esandsrs ImW IM (ml to iMWiwnhi As Straits Ttanus kMrfriMn rippd U pMililkUittMU4,Mfteha«MHß»nMlv Heat iNf hi Osid fltorsyi m a sefcary icaL
      35 words
    • Article
      Selected indices
      45 12 FINANCIAL Tlim 1 •a—day SSI JO INDUSTRIALS 1 VMk Ago sw.W Tuesday 818J AUSTRALIAN Wtak Ago. flttt INDUSTRIALS DOW JONSS AVRRAGS 7 y»rtn—rt»j 6M>S SmuIS* avsi A WDCTTMAU v ITMk A#o Mil ~!2£2 ALL ORDINARIRS MJLHAJVG ISttu TuMdajr M&0 Wednwdey— U0.78 WmIA|o BUl*
      45 words
  • Article
    Hwa Hong to buy Singapore Piling for $11.5 million
    398 12  -  By CHOO AJ LENG 1 AILING Hwa Hone Manufacturing po Ltd haa announced that it will acquire Singapore Piling and Ctvil Engineering Private Ltd for ttl Jf million. The entire iasued capital of Singapore Piling wfll be purchased from certain individuals
    398 words
  • LATEST RESULTS
    • Article
      ALLIED Chocolate Indus- tries Ltd
      77 12 hat turned In a 19 per cent rise In group pte-tax profit to fLSt million (|1.82 million) for the year ended June 30. Turnover also increased by 11 per cent to $22.42 million from 520.1t milHoo -M Deiore. The directors have recommended a final dividend
      77 words
    • Article
      AOKAM Tin Ltd
      74 12 has an- nounced a (all in pre-tax earnings to JSLB3 million for the year ended June 30 compared with the previous year's 98.85 million. After providing for taxation, earnings dropped by only 9.5 per cent to (2.87 million from $2J5 million before. The company has dedared a
      74 words
    • Article
      TONGKAH Harbour Tin Dredging
      62 12 repot ted a 51.2 per cent fall In pre-tax profit tO $1.04 mfflWw (12-13 million) for thq year ended June 30. After taxation, earnings dropped by a greater 77 per cent to 1235,000 ($1.02 million). Director» have recommended a reduced final dividend of five cents per
      62 words
  • Article
    LONDON STOCKS
    687 12 LEADING shares vers gey ally Upr tid the firm yeHWhy hi splls of the jmiM day's Wall Street hOi which a« the Dow Joaes ivcrue dip below 1,000 at aw state, dealers said. The Financial Times index at lAsm was ap 17 pofataat tllj. renewed optimism over a
    687 words
  • Article
    S P Tao sold stake in North Borneo Timbers?
    695 12  -  Companies Editor: Mano Sabnani By NAJEEB JARHOM TOP property developer SP Tao's resignation as a director of North Borneo Timbers Bhd has triggered speculation that he may have sold his stake In the company, or at least reduced his shareholding. Mr
    695 words
  • Article
    Bid for KL Industries
    417 12 PROMINENT Malaysian businessmen Datuk Wong Kee Tat and Datuk Syed KecMk bin Sped Ifohamed are, as «period, a takeover bid for property-cam-fiaaace group, Kuala Lumpur ladustries Bhd. This follows their latest ■ihllhsMl purchase of mjm KLI shares In the opea market, which has raised their combined
    417 words
  • Article
    Sale of Faber Merlin shares
    82 12 SPK-SENTOSACorpora-tion Bhd has sold off a further SUN shares hi Faber Msrifa} lor a total cash consideration of Early this year, the p|ywood manufacturer sold tM.MO Faber Merlia shares for $UB mUMon. This time, it dtapoMd of the duns on the spsn market in six
    82 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      317 12 Industrial Marketing Management OBJECTIVE January 17 —19,1983 This is a specialised course designed to assist marketing executives in identifying marketing opportunities artd-problems in the industrial market place and developing marketing strategies to exploit the opportunities and solve the problems. PARTICIPANTS The course will be of value to marketing executives in
      317 words
    • Advertisement
      Page 12 Advertisements Column 2
      190 12 MItODKHIS IYSTO XL SEMES Anyone who knows lift trucks knows you can't 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, if s likely to be a bit more expensive. Until now. Now there
      190 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      52 12 OUTLOOK for today: Partly cloudy with afternoon showers in a few areas, and again in the evening. at&S^: NkNll|Hari,U>V <aNVVn Maximum temperature 313 Associated humidity 51 Minimum temperature 25.4 A—odated 93 Hours of ■iimlilmi 8.00 Rainfall in millimetres Trace Total rainfall for the month 38.9 Total rainy days for the
      52 words
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  • SHIPPING TIMES
    • Article
      Chinese to increase berthing space of three ports
      171 13 CHINA is to spend US$427 million on easing congestion at its three main ports. The World Bank, which has approved a $134 milIk» loan to help finance the cost of the improvements, said the work would be concentrated on Shanghai, Huangpu and
      171 words
    • Article, Illustration
      Lykes may place new ships in Far East run
      540 13 US OPERATOR Lykes Bros Steamship plans to build 10 combination carriers within the next few years and indications are that some of the proposed newbuildings will be deployed in the company's services to the Far East. According to Mr Antero W
      540 words
    • PORTSIDES
      • Article
        Lock icon Sanko to sell tankers
        121 13 Reuter SANKO Steamship Co Ltd —M it is nrf«»rtwg to sell (oar old oil tankers of between 230,000 and 230,000 dwt for scrap. The sales are designed to rationalise its merchant fleet by reducing the ratio of tanker ownership to cope with the protracted tanker slump,
        Reuter  -  121 words
      • Article
        Lock icon Rigs for delivery
        81 13 Reuter JAPANESE shipbuilders will deliver three semisubmarine type drilling rigs to foreign buyers next month, reducing outstanding orders to 12. Hitachi Zosen Corp, Mitsui Engineering and Shipbuilding Co Ltd and Sumitomo Heavy Industries Ltd will deliver the rigs respectively to Actinia Corn of Liberia both of the
        Reuter  -  81 words
      • Article
        Lock icon Unikai gets aid
        62 13 AFP MITSUI Engineering and Shipbuilding Co is to provide a West German company with know-how on a computer-controlled automation system far terminals, a cqpupany spokesman said. Under the 500 million yen contract, Mitsui will offer its technical expertise on the automated operation of container terminals to Unlkai
        AFP  -  62 words
    • Article
      INDEX TO ADVERTISERS
      615 13 "W"! U* Page Cat SHpftag UM Pnn Cai AIM vm vm 1 I ftntOrtt IV IV 4 a jllaaMlal Uaar VI 1 a 5 ADbiH vn 4 han vn 4/5 Alpac VI 9 Franco-Bait m 4/5 ll-m vn S Fratt NVOC VI a AataraSkpg X S Frefekl
      615 words
    • Article, Illustration
      Lock icon Factors affecting Bremen and Hamburg shipyards
      1375 14 The German Tribune HAMBURG and Bremen are worried by the threat of further shipyard redundancies in an industry that used to be the port cities' pride and Joy. Shipping and trade have always been the cont mereiai groundwork on the Elbe and the Weser:
      The German Tribune  -  1,375 words
    • Article
      LONDON FREIGHTS
      1708 14 CHARTERING remained quiet am Tuesday throughout moat of the dry cargo freight market with fixing mainly confined to the grain and time-charter sections. A fairly stsady level of US$7.7B was agreed tor a 63,000 topper with grain (ram the US CMf to Euraport, and 135 JO was paid
      1,708 words
    • Article
      Call for tax incentives
      264 15 REAR Admiral Sanong Nisalak, chairman of the Bangkok Shipowners and Agents Association, called On the government to provide tax incentives for importers and exporters who use Thai ships to transport their cargoes. He said these tax incentives would encourage importers and exporters to use Thai ships
      264 words
    • Article
      Lock icon Survey standards of classification societies need to be strengthened
      506 15 Lloyd's List ONE of the world's largest tanker owners has launched an outspoken attack on survey standards laid down by classification societies. "Survey procedures need to be strengthened to ensure safe, pollution-free operation of the world's tanker fleet," said a report
      Lloyd's List  -  506 words
    • Article
      Further decline in ship prices may endanger industry
      377 15 THE world shipbuilding industry's existence may be seriously endangered if ship price levels fall any further, Taiji Übukata, president of IshikawajimaHarima Heavy Industries Co Ltd said. "Ship price levels are dropping as the market worsens but it has reached the limit," he
      377 words
    • Article
      Lock icon Continued depressing profit performance
      166 15 Reuter NIPPON Yusen KK said recessions in tanker, regular line and non-regular line markets are expected to continue depressing profit performance in the six months ending March 31, 1983. It forecast recurrent profits will fall to less than three billion yen in the second half from
      Reuter  -  166 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      5881 20 SHIPPING LIST where your ships are due and when BCHEDITT.K 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
      5,881 words
    • Article
      Container Schedules
      727 21 RECEIVING OF EXPORT FCL CONTAINERS AND > LCL CARGO Ship Voy Arrival Date/Time Operator Godowns for LCL Cargo FCL Movement Schedule Locatioi New Pony Mercator Kasuga Maru Bunga Angsana JebeT All P Elsenhower N Golovanov Tam bang VII As Eagle Batara Jenhol Kansal Pioneer Ibn BaJJah Green Forever
      727 words
    • Article
      Untitled
      1739 21 WHO ACTS FOR WHOM..* The leading shipping lines operating from local ports and their agents. A B Aehlpelega Shpg Singapore Shpg Corpora lion (Si Euro-Asia Line (PN KL PKI. Urtitlf (MUl»rr Continental Feeders (Si Cargo Freight (PK). AFEA Singapore Shipping Corporation <S) Euro-Asia Line (PK PN) Urt-RirMia Use Tran&group Pte
      1,739 words
    • Article
      SHIPS IN PORT
      541 22 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Barber Menelaus Builder III Bunga Bindang Jean Lykes Kaenary Labuan Hadji Niaga XXXXII Noshiro Maru Sekl Nagoya Yamasugi Maru Jozef Chelmonskl Equator n KotaBenar Leipzig Ned Nagoya Sankou Maru Slmba Temburong Timber Royal Toyofuji No 5 Wild
      541 words
    • Article
      PORT CONDITIONS
      1320 22 ALGESIA Algiers Oct 15th. Delays of 5-6 days, about 20 vessels waiting. ANGOLA Luanda Nov 2nd. Berthing delays of 1-2 days. LoMto Nov 2nd. No waiting times. ARGENTINA Buenos Aires Oct 25th. 12 vessels discharging, 15 loading and 6 repairing. Necochea Oct 25th. No vessels in port or
      1,320 words
    • Article
      The Consortia
      209 22 THE MAJOR shipping consortia operating between the Far East/Europe, Far East/Persian Gulf. Straits ports/Australia, Straits/Japan and the member lines: ACE (FAB EABT/EUBOPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANBO (STOAITS/ AUSTRALIA): Australian National Line. Australia/Straits Container
      209 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      217 13 M HEUNG-A SHIPPING KOREA FLA6 VSLS Regular Liner Semi-Container Service To: PJ(dM|/KMlyn|/BusM/bidioii Fm: Busan/H.Kont/Banfkok W S pore: *****11 PJt. *****4, PN *****5 K.L. *****0 I\HDIM T MI w Orient Overseas Co*Ueu*teA Lime Si y~m FlllY CONTMKMSD 3EKWCE FROM BMTE (VM SUEZ) LU2UM [>7i; f NEST/EAST Jt Ma LBwk CMM NIC
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      232 13 KEALORI) u±± UASC UNITED ARAB SHIPPING CO SAGH I 1 a 4 k J EXPRESS MULTI-PURPOSE SERVICES FULLY CONTAINERISED SERVICE x UL MM V.l Mm Qatoos (28/11). (29/11). Ato Dtobi (30/11), Damnum (1/12), Kawart (3/12), Bahrain (5/12), Data (7/12) Mm Qaboos (14/12), Oabm (11/12), Bahra* (11/12). Damnum (11/12), K«m* (20/12),
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      Page 13 Advertisements Column 3
      4 13 rasa jiTO LUi-iCirl ti«w
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      Page 13 Advertisements Column 4
      430 13 l± cnan Algerian N.itional Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Tat *****4 (6 Knaa) SINGAPORE MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: UA PACIFIC. OPLF. ATLANTIC. EAST CANADA, ASIAN PORTS 22-23/11 31-1/12 4-7/12 14-15/12 24-21/12 24-29/12 *4/1 11/U I U/U 31/11 11/12 19/12 aOSHS .IMS:
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      499 14 mi FAR EAST/EUROPE CONTAINER SERVICE yjc• To MM ffnn 1) Mata 2) MM 3) tftarj 4) GM| Wan 23/11 1/12 13/U 14/12 11/12 a/11 SUM* 31/11 15/12 20/12 24/12 22/12 1.1 VU AOUN* 7/12 22/12 27/12 l/l 21/12 IJ 1«/12 L9M 14/12 21/12 3/1 4/1 1/1 Wl 11/12 MM 21/12
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      Page 14 Advertisements Column 2
      291 14 YAMABHITA-SHINNIHON LINE COMTAMM tdtVICCt USA/CANADA MIDDLE EAST r—r CONVENTIONAL SERVICES L \&&PanAsia Line, ltd. COHTAMDI KNMCf TO/FHOM JAPAN ft TAIWAN rfS Utm.rjl S'M't /??«'8 Jl Ml M avu vu vu vu IV? wu a/U a/u 12/U a/U Wl2 Wtt OPTORG CO M) SDN BHD PKf. ANG 18'00p JAVA Sf„4> s">6C3
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      554 15 OCI Overseas Containers Limited The Straits Steamship Group O STRAITS SHIPPING Singapore to Sabelt, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICE TO UK CONTINENT rpM 11/12 It/12 CONTAINERSHIP SERVICE FROM UK CONTINENT inq h> rtm g—PHn» M/U W—iehbi m/u —11/u wn 11/u hM 14/11 U/U a/11 a/11 a/u a/u M/U
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      Page 15 Advertisements Column 2
      360 15 SHIPPING COMPANY INVESTMENT OPPORTUNITY American owned Maritime Group with Coastal Operations in America and Australia seeking investment opportunity in S.E. Asian Regional or Coastal Shipping Operation. Interested parties please write to:BT Box No. 5316 Times House 390 Kim Seng Rood Singapore 0923 rfa Franco 80/ yum Services r im y'
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      659 16 EXPORTS Kiuft Mara Osaka Bay 19/11 21/11 28/11 29/11 4/12 11/12 18 12 20/12 26/12 28/12 12/12 14/12 20/12 22/12 24/12 27/12 31/12 2/1 B hjireft Rdam Antaero 17/12 18/12 24/12 25/12 30/12 31/12 J/1 4/1 10/1 11/1 19/1 20/1 Also accepting transhipment cargo tot CAMBBIAN WfST NOtfS »ia Hamburg
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      Page 16 Advertisements Column 2
      545 16 cICS. LINE k»»lji smtpmt £o*h>*ju Io» CONVENTIONAL SERVfCC To/From BUSAN IW VISA 17M/18K ?4 ?6 Nov MIAMI 183W/1841 2628 OK STOK MR OME WEST 7 VOl 8140k 11 2?Ok nmm 30 No. 2 Ok 13 in) 83 Sltyi 310k SbnB3 FULLY CONTAJNERRtD TO/FROM NORTH AMERICA NEST/EAST COAST! Hii lM*r mm
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      Page 16 Advertisements Column 3
      481 16 0 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCEPTMG Fa ft ta CARGO FOR: SSPnu ID MCFUnMMWUM CMI tmH 11/U 1/U 11/12 M/U 22/12 21/12 25/12 IMIM|« 1/12 24/12 24/12 21/12 29/U 31/12 {Milwtr 15/12 It/12 M/U «/l 1/1 H/l 12/1 13/1 ttsoteams ia/fa tra/ra to gotkimk. umus capUMta* oho. stock
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      Page 16 Advertisements Column 4
      928 16 Everett Lines H.ii 'A V. B F SSC Agents *1 Moloy*o BOUSTEAD S«-«PHNG TEL NOS KL *****4/*****7—PKELANG *****1/8 PENANG *****1 /8 Com?*** ktfmxtmt Q f Himioen ImrroDminimal A llll#9 a S C.l.r. ARGENTINE NATIONAL LINE" LOMNNG FOR DURBAN VONTEVBEO BUENOS MB AWPOOITEOESGALEn (RQNON) Spare ACONCAGUA 20/29 Nw VICTORIA I 11/12
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      150 16 USI NOSE i J MARITIME PTE LTD SUN UNION LINE SWGVOtt PJKLMK fOMW LOM) FOR VORTEX M A' VESSEL nam 27/11 KMMH 22/12 MUCH SW9 MRRTM m ire m *****44/7 I *****74 aoou* seaway a—scarm m *****52/3 EAST ASM amt SM M m *****4/*****4 Oil ASM SWT* MMU 34-1732/3/7251 RMLATSM
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      Page 17 Advertisements Column 1
      782 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH. JEDDAH AQABA (Reefer Cntrs Acceptable) 3331 JEDDAH| AQABA COLOMBO 7-9/2 19-21/3 11-12/2 14-16/2 23-24/3 20-29/3 23-24/1 4-5/3 13-14/4 EAST AFRICA/REDSEA SERVICE SING APORE/CHITTAGONG/RANGOON/SERVICES KOTA RATU W-354. KOTA MRU AN. Loading For: SINGAPORE/BANGKOR/SINGAPORE DIRECT SERVICES. I SINGAPORE/INDONESIA/SINGAPORE SERVICES! KOTA PAHLAWAN V2O/92 27/22 Nov
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      Page 17 Advertisements Column 2
      818 17 BEN LINE CONTAINERS EXPRESS com WO SERVICE TO/FROM EUROPE TOtIMOW Knap Dm Ouki B*r I+Tt Bit llMHrtlH tiprtu HBUK B HAVfN ROAM S pora f HfunjW Om«i| AtiUria Mwp 11/11 21/11 a/n a/u 4/1J M/U 11/12 11/12 it/12 a/12 a/12 4/1 17/12 11/12 23/12 21/12 31/12 31/12 VI 31/12 VI
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      Page 17 Advertisements Column 3
      604 17 I I ;i t\ v k 5 \i w V" S'f M\ m •5 r vj< i 9 7< ,v k Ki V A (I 1 i i > 1 if f Scan Dutch 9 :EKLY APATOOOS SM NUJknSM MBOHliPtn C <a 20/11 APAUAS74/U MS* 75/11 H CASUS 77/11 OIMAUA
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      Page 17 Advertisements Column 4
      442 17 BOUSTEAD SHIPPING AGENCIES SPORE ROAM HULL, HMBG CLYDEBANK 4 Dec 30 Dec 2 Jon' 8 Jon FORTHBANK 4 Jon 30 Jon 2 Fob' 6 Fob MEADOWBANK 22 Jon 17 Fob 19 Fob 24 Fob Lines U.S. GULF NRECT SERVICE From Nou JEAN LTKES Std COCVEVE LYKES Sd VELAM LYKES Std
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      Page 18 Advertisements Column 1
      1289 18 K >n Kline KAWASAKI KISEN KAISHA, LTD. EXPRESS CONTAINER SERVICE NEW YORK/E.CANADA FEEDER *BSa S-POK MOTHER VESSEL TOKYO N7OM SDMN SI OH I nOCIIt Vl4 1» Km UWO9 H7 10 Dk t lan 4 lan IBROGEVI2 26 Not NE# VORK MARU V 67 17 Dec 11 lan 19 lan A
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      Page 18 Advertisements Column 2
      747 18 <32 Wa CALIFORNIA/PACIFIC NORTH NEST SERVICE EXPRESS CONTAINER/REEFER SERVICE IM*| to 105 ANGELES. SAM FRANCISCO SEATTLE TACOM VANCOUVER IC A<c«ptnf fCI/fa Cwt—ri f Um| Snipe** I Atfito M U Rk IS tot 11 km AUSTRALIA EXPRESS CONTAINER SERVICE Fa/fa. Cit—i PUm Span to* MM Sf4 tax«eb NT IS Ok 14/17
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      Page 18 Advertisements Column 3
      577 18 KORINS MARITIME SERVICES ■<)' if H S- >-n' Way .;k>f»- T.-i .Vlf V2J ,h; P Keiang Te> 386 -501 8 PTE LTD MIDDLE EAST/RED SEA/EUROPE SERVICES OfCKEST not. MAEWOO Spore Load* Far •22 Na* Bandar Abbi •2€ Km Part Sudan »Nov kddah tyundac Shipping Co. lid. S pore P. KeiangLoadng
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      Page 18 Advertisements Column 4
      453 18 INTRASEA (PTE) LTD Suit** 261 *"> International Pri.'.t A- s f-, 0207 U-l 2^405 1 i BREAKBULK SERVICE TO EUROPE/UK M CANBERRA m HOUSTON m NEW ORLEAN 7M SYDNEY ZM SWGAPORE lSOcc 19 0k 26 Dec 30 Dk 11 Jan 15 Jan 28 Jan 1 Feb 10 Feb 14 Feb
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      Page 19 Advertisements Column 1
      674 19 NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): MEXCATOR 25W....... K IACEJM 17W+.... C PAUL 33W T* BMDGE 13W C ROZE 32* m CONTAfO 33W. Also accepting cargo to/from Scandinavia K JACEJIN S'pore Closing Times: FCL Cargo LCI Cargo FROM EUROPE (VIA SUEZ) 1100 24/11 2300 23/11 C ROZE 31E
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      Page 19 Advertisements Column 2
      586 19 MALDIVE LINES ETA SPORE ETA KUANTAN ETA PORT KELANG 25/11 22/11 MAIOIVE STAR LOADING FOR MALE MAUNVE NOBLE Loading For Jeddah OCEAN GLORY No loading For Male MALDIVE NOVEL 20/11 Loading For MUSCAT/DUBAI/ DAMMAM/KUWAIT MAIOIVE PRIZE Loading For PT SUDAN MAUNVE AMTTY Loading For HOOEIDAH MAUNVE NATION Loading For Dubai/Kuwait
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      Page 19 Advertisements Column 3
      696 19 SINSOV SINGAPORE SOVIET SHWING CO PRIVATE LTD. SiBOV BULOMG 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Tele* Numbers RS ***** RS ***** RS ***** P MIWK FEMMC M/S SHAMKAT NAH SOON SDN BHD IST ANO 2NO FLOOR. HAI THONG SHPfW 23 WHO Oua,
      696 words
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      Page 19 Advertisements Column 4
      129 19 SOON KIAT SHIPPING PTE LTO 1905 i 1906 IMi ft. Stumor Mm* 3 SKmKm **i Sport 0106 Ittoptow 2?OMM (4 lan) t ?70»» RSXI39 SKSHP NM| LM U ft* no kstmton 29/11 22/11 M*/Mri/X. BM 22/11 24/11 MMra/ÜbM/lUta I Sri Nmi Hm Hi 22/11 24/11 S*/M*/K Mrf Mm LM I
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      Page 20 Advertisements Column 1
      561 20 r~ S S C Croup SINGAPORE SHIPPING CORPORATION PTE LTO 20th floor ocean building Singapore oto« MARKETING 911 122 <3 GENERAL 91 3111 122 LINES) TELEX RS 2459S RS 2SS6O A B CARSHIP CABLE CARGOSMIP l?c«|ioiial Container Mites 2 SAILINGS A WEEK to/from BANGKOK BERTHING 1300 HRS EVERY TUESDAY SATURDAY
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      Page 21 Advertisements Column 1
      72 21 NOTICE NOTICE TO SHIPPERS SINGAPORE/MALE (MALDIVES) SERVICE This is to inform all Singapore /Male shippers that with immediate effect all fragile and liquid cargoes packed in cans/tins must be loaded into our special containers and henceforth shipping space for same cargoes will be denied on conventional basis. Please contact our
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      Page 21 Advertisements Column 2
      443 21 «a. EGYPTIAN INTE R N ATION A I MNiF lF II i INTERNATIONAL LINE ;ElLl EGYPTIAN FLAG T SUEZ —PORT SAB— ALEXANDRIA) nm nm ms use «2 if tat 4 Die 7 kit II 13 tac a Bk II Im J WHS Bk B Iml tat tall Co— Pt,m, DIRECT
      443 words
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      Page 21 Advertisements Column 3
      74 21 Ifll taCkn C 7 4/1 12/1 IJ/l 11/12 *i»t 1«/12 PurfkM I*l4/1 21/1 2S/1 21/1 TEL: *****77/88 Tx: ***** Eurofro 20th Floor Ocean Building, Spore 0104 BALTIC ENTERPRISES PTE LTD Suite 324 3rd Floor. ICB Buildinq. Shenton Way Singapore 0106 Tel *****90 2T1759? •earns Fa CM6O- UtaJufc/UtM* iathhm rwtat ij-II
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      Page 22 Advertisements Column 1
      188 22 HAJ SHIPPING SDN. BHD. 3) IS (IN CUf»GG*M Off It KOI «h 111 38d%6 S I r > i Vi V hA i*> M BINTULU CONTRACTORS SDN BERHAD S,. I» MS U.T: HI".ON Express Car-Carriar/RO-tO Sank* to East Malaysia t. Ketone load** tor WCTU.U NO 1 *17/12 hi tat KUCMNt/tt/SMH
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      Page 22 Advertisements Column 2
      246 22 REOUR OKCT OPNESS SEM-CONTAm UNER SEMICO TO MM QMOOS. DUBAL DAMMM. MB KWUtT S WOE m MOOS DUBM DMMMt KUNNT (MUSCAT) MNrt 20/11 2>/ll 2/12 Vl2 a/11 (/12 Vl2 12/12 KOKO NAVIGATION; CO PTE. LTD. Ml* SMI, MM Floor Hong Loong MMr|, WWn Owy. Mpn tm Tafc 22M000 (> Booo)
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      Page 22 Advertisements Column 3
      154 22 MAGNA MARINE LINES EASTBOUND SERVICE trm LOAOMCFOR piss wr m-i* VRUKS M-15E SM SU J»/U W/MMAA/KEEUMG MAGNA SHIPPING PTE LTD 1 lth Floor, MNB Building SINGAPORE 0106 TEL *****66/ *****00/ *****37 TELEX R*****8 "MAIJNE" WORLD LINE rfi.il J' i H S'PORE 136 Nov. 19/20 L I No* 29/30 L-99 DK
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  • Page 22 Miscellaneous
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      155 22 Regional weather *>» *°.> I i V 4 m #v '<4 fiM J s m k mm «Wt^J K X*»VJ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. legend: R Thuuderstoi Temperature °C Shower Weather Wind direction with speed in knots Rain v-> Cloudy Sky WwhotrfM Snrfaee win
      155 words