The Business Times, 3 December 1982

Microfilm: NL13680
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 FRIDAY, DECEMBER 3,1182 60 CENTS
    10 words
  • Article
    KL-Kepong obtains loan of US$15.5m
    521 1  -  By SOH TIANG KENG KUALA Lumpur-Kepong, a Malaysian listed plantation company, has tapped US$l5.5 million from the Asian dollar market to finance part of its proposed takeover of associate Batu Lin tang Rubber. This five-year syndication loan provided by four banks represents KLK's first foreign
    521 words
  • Article
    US$100m Soviet order for shipyard
    446 1 FAR EAST-LEVINGSTON Shipbuilding Ltd (FELS) has finally bagged two Russian contracts worth more than US$lOO million. Business Times earlier reported that FELS had submitted tenders for the rig orders from the Russian authorities. It was also tendering for orders from the Oil and Natural Gas
    446 words
  • Article
    Bangkok military concerned about rice controversy
    201 1 THAILAND'S top military commander has warned that the armed forces will intervene if the political situation deteriorates and affects national security over the controversial issue of rice price. General Saiyud Kerdphol, Supreme Commander of the Armed Forces, said yesterday that the military was watching
    201 words
  • Article
    Telecom cable link with Europe by '85
    474 1  -  By JOHN LIM A SUBMARINE telecommunications cable system linking Asia with Europe from Singapore to France will be operational by the end of 1985. The South East AsiaWest Asia-Western Europe submarine cable project, which will cost |500 million to |600 million, involves eight
    474 words
  • Article
    Lower call and telex rates
    217 1 TELECOMS will Imr Hi telex rales l.*Tt will alse efler tttcr nviui to nhwritan ultaMiM DtaJßag (IDO) BMve away Urea Ike ai eperator-asMstei servfee. trw^eewweqMiMwUe^ll^ iafraetraetara ui en. Bmvnr, the to lawsr lateraatleaal telepheae aai totes rates wall ttsato raveaae, kasei ea the la its
    217 words
  • BRIEFLY...
    • Article
      Lock icon Libyan oil output
      64 1 Reuter LIBYA has tripled oil output this year to about 1.8 million barrels daily to clear a backlog of foreign debts, oil industry and diplomatic sources in Tripoli said. They said in spite of the world oil glut, Libya raised its output from 600,000 bpd at the
      Reuter  -  64 words
    • Article
      Lock icon Facing bankruptcy
      65 1 Reuter ARBED-Saarstahl GmbH faces bankruptcy in eight to 10 days unless agreement is reached on a government rescue plan, a company spokesman said. He said: "Without the funds the government made available on Wednesday, the firm would already have been insolvent." He said 37 million Deutschemarks credit approved
      Reuter  -  65 words
    • Article
      Sudden closure
      50 1 A HONGKONG commodities firm, Octillian Bonanza Company Ltd, suddenly closed down yesterday, leaving some 300 angry customers storming its office in the central business district, a government spokesman said. Assistant commissioner for securities and commodities trading Allen Mills visited the office as police kept the crowd under control.
      50 words
    • Article
      Lock icon Bomb explodes
      83 1 AP A POWERFUL explosion shattered the Iraqi Consulate in Bangkok yesterday. killing a Thai bomb disposal expert and injuring seven policemen. Police said they received a telephone warning that a bomb had been planted at the consulate near Bangkok's Chinatown area and dispatched a bomb disposal unit there.
      AP  -  83 words
    • Article
      Lock icon Game for moving
      76 1 Reuter ONE OF the two amusement parks in Hongkong will move to nearby Chinese Guangdong province after it closes this month. Ho Yin, a Hongkong businessman who owns part of the park, yesterday said its games facilities would be shipped by instalments to a new park site
      Reuter  -  76 words
    • Article
      Lock icon Air fares rise
      63 1 NYT MOST of America's major airlines quietly put into effect yesterday a 5 per cent increase in fares on most of their domestic routes in hopes of increasing profitability. The fare increases, which were not announced, were in sharp contrast to the highly publicised discounts on some
      NYT  -  63 words
    • Article
      Lock icon Bonn jobless rote
      44 1 Reuter WEST Germany's unemployment exceeded the politically-sensitive two million mark last month for the first time since 1954, the Federal Labour Office announced. It said the jobless figure for November reached 2,038, 1ĕl or 8.4 per cent of the workforce. Reuter
      Reuter  -  44 words
    • Article
      Watch that wrist
      55 1 A WRISTWATCH equipped with a tiny black and white television screen and a stereo radio receiver will go on sale in Japan for the first time later this month. Seiko yesterday said the television watch, which reproduces pictures on a three-centimetre screen through a liquid crystal display
      55 words
  • Article
    Arabs still not very familiar with this region
    162 1 ARAB Inverters have sennd- *at the ffnwili DevetApparently, then Is still a need Is ChMm thenMr Hwang, whs spake at the itETisi has always MhSSTIa ■pes iui pslty and will walesnss ad appreaehes by "We an tetany dexlMe" he saw, ad** that
    162 words
  • Article
    Asean joint ventures may see light soon
    406 1  -  By LEE YOKE MENG MANY of the potential Asean industrial Joint ventures identified by the private sector are expected to reach the direct proposal stage soon. Mr David Sycip, former chairman of the Philippine Rizal Ranking Corporation, said at the Arab-Asian banking and
    406 words
  • Article
    Lock icon HK stocks at three-year low
    93 1 AFP THE Hongkong stock market tumbled arrow the board yesterday to close at a three-year low of 676.3 on the Bang Seng Index, doim 34.04 points, after farenkhw through the 700 barrier in the morning session. Compared with the index at 1,096.36 on Sep 24
    AFP  -  93 words
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      Page 1 Advertisements Column 1
      275 1 Distributed by FEDERAL PUBLICATIONS New Industrial Road, Singapore 1953 A member of The Timet Organisation SHIPPING TIMES (MM at a aaparata aactiaa Ma|. Maka aara yaa (at yaar can WW THE meeting of finance ministers from the five leading Western industrialised countries in West Germany next week may lead to
      275 words
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      Page 1 Advertisements Column 2
      53 1 BALLY of Smtzeriand fleche merrit «olkm^sS>te>d all Branches C.K rsj n anraj Branches Silt" ique Euro Shop •»®ten (S) Ltd Branch Jet Wind Def»rlm«nt Store Melwani's A all Mohamed Ishak Re Ltd. L*&?2 *Co(S) Pte Ltd. Toko De Zon Re Ltd. The Yarl Store. Sole Agent. S.G. Perrett A ton
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      Page 1 Advertisements Column 3
      121 1 inolto copy quality. With reduction. MINOLTA Featured- Shoes frum 5249 1329 Imagine Leather. Smooth. Supple. Cured and hand-polished to perfection, reflecting a deep inner strength that is the aura of leather. Imagine it in the hands of a master designer, lovingly caressing its richness into shoes of rare refinement. Each
      121 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Resources of IMF may be doubled
      536 2 Reuter THE meeting of finance ministers from the leading five western industrialised countries in West Germany next week is one step towards an early agreement on a doubling of International Monetary Fund resources. Officials in London yesterday said hopes of bringing the IMF interim
      Reuter  -  536 words
    • Article
      Lock icon Fresh talks unlikely
      124 2 Reuter POLAND and its western creditor banks are unlikely to begin fresh talks on the rescheduling of more commercial bank debt until January. Western banks are expected to examine the possibility of rescheduling 1983 and 1984 maturities together, following the signing in Vienna on Nov 3, of
      Reuter  -  124 words
    • MONEY AND EXCHANGE$
      • Article
        Tokyo
        153 2 THE DOLLAR for overnight delivery closed slightly easier at 250.25 yen compared to the opening 251.10, after fluctuating between 249.90 and 252.10, dealers said. This compared with the 250.10/30 finish in New York overnight, and was above the 249.10 close in Tokyo on Wednesday. Trading volume was a moderate
        153 words
      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.42 per cent.
        22 words
      • Article
        ASIAN $ RATES
        171 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on Dec 2: US D*Uan48pt) 7 days 9U 9* 1 month 99/16 97/16 2 month* W W 3 month* 9* 914 months 103/16 Ml/It 9 months 10* 10* 12 months 10ft 10* DM IWM (MMi Prim) 1 month 7 3H
        171 words
      • Article
        Discount
        47 2 RANGE Of prtccs ofta -td by dlscant houses oo Dec 2: Ovtmitfit 3V4 Call dspos its: 3V4 CMn 1 3- month B.ylU MM* Ttmsutt bllif 3 2H 3-month Bank bills 7% 7U 3 months CD 7H 1 6 months CD 7H 1 Source: National Discount Co
        47 words
      • Article
        Hongkong
        98 2 THE DOLLAR yesterday eased against most major currencies in active late trading, dealers said. They said there was no definite trend in the market on lack of fresh factors but the dollar fluctuated particularly against the yen. It eased to a late 250.05/20 yen after falling from an early
        98 words
      • Article
        London
        47 2 Opening quotes yesterday US 1.6245/55 Can 2.0134 60 Crow -1.2379/82 DMk-4 0113 49 DF1 4.4238/7« S FY 3.4400/50 B FY con 71.73/83 F FY 11.3425/500 Lit 2315.50/2318.25 Yen 405.84/406.35 D Kr 14.1475/625 N Kr 11.3450/600 S Kr -11*25/12.0075 A us seta 28.20/23 Port -148.71/148.43 Spain -*****/1*2.19
        47 words
      • Article
        Singapore market
        474 2 THE US currency was again traded downwards against major currencies on the local foreign exchange yesterday. Dealers said the major foreign banks are beginning to slow down their operations because of the festive season. Against the Singapore dollar, the US unit opened at 2.1985/85, higher than Wednesday's close
        474 words
      • Article
        Gold
        300 2 GOLD FUTURES in Singapore yesterday closed slightly firmer after fluctuating marginally throughout the session in quiet trading, dealers said. Total sales for the day was recorded at 99 lots while kerb volume at 178 lots. February closed slightly higher at U*****.20/442.60 an ounce compared with 441.50/442.00 in New York
        300 words
      • Article
        Silver quotes
        37 2 New York 10L2B 10 068 M.IK 1012S Zurich 10.1TB «.OB 10 JM 9.7XS Tt,.. OM Singapore IBirl 1010B 1015B 10 30S 10 25S Closing prk In US doQara a troy ounc Source: Credit Suisse, S'pore
        37 words
    • Article
      Lock icon Landesbank Stuttgart closes subsidiary
      162 2 Reuter LANDESBANK Stuttgart will close its 100 per cent owned Luxembourg subsidiary by the end of June next year and concentrate Euromarket operations on its London branch. The Frankfurt bank yesterday said the reorganisation is due to stagnating world trade and moderate prospects for an upturn
      Reuter  -  162 words
    • Article
      Lock icon Reform of Bonn banking law no longer a priority
      402 2 Reuter PROPOSALS to reform West German hanking law and to enforce a legal consolidation of balance sheets are no longer being viewed by the finance ministry as a legislative priority, Dresdner Bank AG management board spokesman Hans Fridericbs said. He said
      Reuter  -  402 words
    • Article
      DOW BANKING HAS NOT RULED OUT DIVIDEND CUT
      180 2 DOW Banking Corporation Lm A mi# A iM..! M Dis doc nuea out i aivKsraa cut this year to help finance provision» for doubtful MOM, mend manager Arthcr BoQiger said But the board of the Dow Chemical Company's Swiss baaed banking section
      180 words
    • Article
      Caracas avoiding confidence crisis
      709 2 THE Venezuelan government, already facing a liquidity squeeze which has increased pressure to implement exchange controls, is striving to avoid a damaging crisis of confidence after last week's (allure at the Banco de Los Trabajadores. Bankers and economists said the crisis need not have immediate repercussions
      709 words
    • Article
      Lock icon No Canadian M-1 target
      171 2 Reuter THE Bank of Canada no longer has a target range for M-l money eupply growth, bank governor Gerald Bouey said. Bouey has referred several Hiw— to the instability of the relationship between M-l and levels of spending and interest rates. "It is now clear there
      Reuter  -  171 words
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      Page 2 Advertisements Column 1
      357 2 The greatest holiday on Es 9 _T_ ■sift on the earth at all! SL Voyage to adventure on the iOIA fabulous QE2 Fly/Cruise Programmes promise a never-to-be-forgotten Pacific Holiday Cruise. 31 3§H OPTION ONE M TaMK/Ncw Zealand/Australia I 18 days from 558.414 V K Depart Singapore 6 Fob JJ' You'll
      357 words
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      Page 2 Advertisements Column 2
      197 2 fc.*\ □u m ft,. your cargo to the very best Presidential Service! Now there's a whole range of specialised services to choose from all designed to transport your goods efficiently and economically with a minimum of fuss and bother. And we'll pamper your cargo every inch of the way to
      197 words
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  • TRADE AND INDUSTRY
    • Article
      Cold Storage in $3m computer move
      394 3  -  By ANGELINE TAN COLD Storage Holdings PLC is spending more than 13 million to computerise its entire operations in Singapore and Malaysia. Yesterday, the group signed a contract for the purchase of a distributed computer system with the vendor, International Computers Ltd (ICL) Singapore.
      394 words
    • Article
      Trade team from lowa
      110 3 AN U-member trade delegation from the American state of lowa will be in Singapore next week to seek local agents and joint venture partners. The delegates, who will be here from Dec 8 to 11, represent companies engaged in the manufacture of playground equipment, animal feed
      110 words
    • Article
      MEMO PAD
      967 3 BERONABS AND COURSES Nov 29-Dec 3: Method Improvement (Manufacturing), Institute oI Education, NPB Nov 29-Dec 12 (Mondays, Wednesdays and Fridays): QC Circle Leader Training Course, Cuppage Centre, NPB Nov 29-Dec 20 (Mondays, Wednesdays and Fridays): Human Relations and Managing People in Organisations, 1 Cuppage Centre, NPB Nov 29-Dec
      967 words
    • Article
      Australian consultant engineers to hold seminar
      119 3 AN Australian firm of consultant engineers is extending its services to Singapore and other South-east Asian countries. Vipac and Partners, which provides applied research and consulting engineering services for environmental problems, recently set up office in Singapore. To'mark its official opening, the firm will
      119 words
    • Article
      Sharp 68pc rise in new private car registration
      348 3  -  By KOH TSE YING THE Registry of Vehicles registered a total of 12,658 new private cars for the first nine months of this year, representing a sharp rise of nearly 68 per cent compared with the corresponding period last year. The sharp
      348 words
    • Article
      SDF awards grant to Hitachi Zosen
      271 3 HITACHI Zosen Robin Dockyard has been awarded a grant by the Skills Development Fund under its Interest Grant for Mechanisation Scheme for the installation of an escalator at one of its quays. The escalator or "people mover", as it is known in the industry,
      271 words
    • TRADE TALK
      • Article
        INDUSTRIAL and Offshore Computer Services (S) Pte Ltd
        287 3 (IOCS) recently com- pleted a 1500,000 turnkey project for the hydrographic department of the Port of Singapore Authority (PSA). The computer systems are designed to make the collection and processing at hydrographic data faster by removing time-consuming human tasks from the process.
        287 words
      • Article
        THE Singapore Insurance Training Centre
        105 3 (SITC) re- cently published "An introduction to insurance principles aad practice in Sta«apore and Malaysia" by Mr RCKohli. The book, which to written in Q^ikh, covers the principles of insurance and the scope of policies available in Sb«apore and Malaysia aad should be uaeful for
        105 words
  • Page 3 Advertisements
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      39 3 H pierre balmain pans J >48ri- -r H£ 1 V J. mm J, J !P" ai 'V •J--i-' £''n.i. >■■ I X fe Franco Singapore Textiles (Pte) Ltd. Unit 603,7 th Storey, Tan Boon Liat Building, 315,Outram Road. Singaporeo3l6Tel: *****03
      39 words
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  • OVERSEAS
    • Article
      Need to defend oil price, says Yamani
      600 4 OUTPUT LEVEL DANGEROUS SAUDI Arabian Oil aad Ahmad Xski Yamani Mid la aa ln>w*is« published ia Tokyo that the current price level of crude oil must be defended until end-1885. Tamaal told a Japanese finssrisi dally Mhon Ketud Riyadh that a cut hi
      600 words
    • Article
      US administration against more aid for Israel
      373 4 President Reagan's administration has promised to fight a congressional bid to boost military and economic aid to Israel, saying approval would be "disastrous" for the global interests of the US and disrupt Reagan's peace initiative In the Middle East. "Any variance now in
      373 words
    • Article
      Lock icon Beijing wants higher quotas
      178 4 Reuter CHINA will try to persuade the European Community In talks neat spring to relax restrictions on its textiles and to increase quotaa. The China DaQy quoted a senior official of the state Textile Import-Export Corporation as eaying the two sides had so far made scant
      Reuter  -  178 words
    • Article
      Lock icon EEC-HK accord on textile quotas
      320 4 Reuter THE Europoaa Economic Community aad to largest cheap clothlag snpptor, Hongkong, yastwdsy agreed oa a mw accord MhiWih the Britok colony's testto oxpom. Tin EEC tai Brussels secarad cuts of between U and tJ per coat in quotas lor Ave key products. But Hongkong
      Reuter  -  320 words
    • Article
      Lock icon Austerity measures to curb Mexican crisis
      416 4 NYT MIGUEL de la Madrid Hartado, Mexico's new preeideat, yesterday anmeasures aimed at dealing with the country's worst ereanwic crMs to four dec"We live ia aa aim new j aituatloa," he Mid ia his Inaugural athhsaa to the Mexicaa Ooagraai hi Mexico aty. "The
      NYT  -  416 words
    • Article
      Lock icon Economic risks deter US oil exploration in Third World
      258 4 AP AMERICAN «fi compantaa tar S tanU World Btkral rlaks as wail as astevoarmble contract terms in ma ay of those coaatrisa. A report by the Nattaaal Petrotaam Oaaacfl la the US has rsoasssßMdad ways hi which denlnplag countries caa better
      AP  -  258 words
    • Article
      Lock icon WORST POSTWAR SLUMP HITS JAPANESE FIRMS
      115 4 AFP MAJOR Japanese busiwar ahanp la thTflnt'St of «Mr I*2 bustasaa year, fOH Of about I per^caiitjß^bottMißoaMallThe Wake Raooarck laatitute ofßconomlcsta Tokyo eTcTtti Tokyo Slock Ka«persSg profits la the bar period falsi psr oat and ISJ par cant raapsctlve» Ij, fronatbe piovtaaa ssmiIt was
      AFP  -  115 words
    • Article
      Lock icon Kennedy bows out of US presidential campaign
      368 5 Reuter UPI SENATOR Edward Kennedy has changed the whole complexion of the ISB4 US presitlential campaign by bowing out before the battle has really begun. Kennedy, the early favourite to win the Democratic Party's nomination, announced on Wednesday that he would neither seek
      Reuter; UPI  -  368 words
    • Article
      Lock icon UK accused of pressuring China
      162 5 AFP CHINA has blamed Britain for immmiHng it on the Hongkong issue by spreading a "doomsday" feeling in the colony and by insisting on the validity of the treaties on the territory. The China-watching monthly, Cheng Ming, said the British line had angered the Beijing
      AFP  -  162 words
    • WORLD IN BRIEF
      • Article
        Lock icon REAGAN'S SLIP-UP
        316 5 Agencies AMERICAN President Reagan made a verbal slipup when he toasted the people of Bolivia instead of Brazil at a dinner in his honour on Wednesday by Brazilian President Joao Baptista Figueiredo. Realising his mistake as soon as the word was out of his mouth, Reagan then compounded
        Agencies  -  316 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      716 5 ARRIVALS Service Local Operator Number Tine From THAI TG981 0135 BKK PAA PA005 0245 JFK/SFO/HKG SIA SQ43 0740 DHA CAL CI010 0005 JED/DHA SIA SQ101 0615 KUL TMA TL341 0830 BEY/DXB MAS MH601 0920 KUL MAS MH682 1000 KCH RBA Bid 1000 BWN MAS MH671 1020 KUL
      716 words
    • Article
      Lock icon Lambsdorff denies getting payments from Flick group
      301 5 Reuter WEST German Economics Minister Otto Lambsdortf has strenuously denied receiving under-the-counter payments from the Frledrich Flick Industrial Group in return (or helping the company win tax favours. "I have a completely clear conscience. I have not received a single mark," he told
      Reuter  -  301 words
    • Article
      Lock icon Reagan pledges credit to Brazil
      566 5 NYT Reuter PRESIDENT Reagan yesterday said the United States would provide US$l.2 billion in emergency shortterm loans to Brazil and he appealed to lenders around the world to help Brazil and other countries through their financial crises. In his first full day of meetings in
      NYT; Reuter  -  566 words
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      Page 4 Advertisements Column 1
      311 4 "...ranks among the best and most exdting automobile we have ever tested. We were impressed with the Saab Turbo to the point that it wiU probably become the standard by which at other cars are judged Need we say more?' •i 1 t Autosport, Canada In 1977, Saab literally drove
      311 words
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      Page 4 Advertisements Column 2
      72 4 SAVE $***** your now concrete pools O>Z. f m «ry i > v I I A. The superbly designed POOLFAB system is tried and tested. Australia's biggest seller, the only concrete pool to win an Australian Design Award. 9m x 4.5 m (30* x 15*) Low maintenance Stainless steel, automatic
      72 words
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  • Page 5 Advertisements
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      323 5 PHILIPS When the skyls the limit for your career, you worft be lost for words at 35£00 feet. tW a i •O--v-» *> o» 4 100 X w *>■■' a Because you're a professional 24 hours a day, business must go on wherever you are be it on trains and
      323 words
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  • Page 6 Advertisements
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      168 6 1 1 m i >.• S r* noov: r Down §33% i' Down? 27% Increased traffic and productivity have made savings. Savings that we're passing on to you from 1 January 1983! So down come our rates on international telephone and telex calls And even more on IDD. Initial minimum
      168 words
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      1494 7 Destinations International Telephone Sen/Ice Operator-Assisted In blocks of 6 sees. Old New SOUTH-EAST ASIA Brunei Burma Indonesia Malaysia East Sabah Full Rate (7am 9pm) Reduced Rate (9pm 7am) Sarawak Full Rate (7am —9pm) Reduced Rate (9pm 7am) Philippines Thailand Vietnam Kampuchea ASIA Hongkong, Colony of Full Rate (7am 9pm) Reduced
      1,494 words
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  • Article
    A place for me and you
    420 8 BRITISH banker PA Graham might have sounded more pessimistic than he meant to be when he forecast that "small" banks would gradually disappear from the international banking scene. His prediction sounded probable. After all, international banking is mostly about the borrowing and lending of
    420 words
  • Article
    Lock icon Reluctant man at helm of industry
    955 8  -  JONATHAN CARR reports on the commercial inheritance of West Germany's new Finance Minister, Herr Gerhard Stoitenberg. JONATHAN CARR FT WHETHER he likes it or not and the chances are that he does not HenGerhard Stoitenberg, West Germany's new Finance Minister, finds himself at the
    FT  -  955 words
  • Article
    Lock icon Iris lures Heath and McNamara
    316 8  -  *r DAVID SHRILAMAN NYT FIRST they mitaHiii Unrt tor tf 111 Hah, Mi pennM Una to aerve the haeri. Thea the timer Werii Beak Mi (S Secretory «C DefeMe, Mi get hto to rig» ep, toe. toreltei, etoag «ttk hMifcd i ferelge eerveepMinto. They due
    NYT  -  316 words
  • Page 8 Advertisements
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      251 8 FINE CHINESE ANTIQUES S WORKS OF ART RWOK GALLERY Pte Ltd 101 103 First Floor, Far L ist Shopping Centre, Orchard Road Tel *****16/*****42 THREE GENERATIONS OF EXPERIENCE SINCE 1918 Reduce foreign exchange risk by reading a couple of good books 'The Economics Analyst' and 'The Exchange Rate Analyst' form
      251 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      802 8 TV RADIO SINGAPORE 5 3.00 PMOponteg Mowed by Hong Foi Hm| (Mandarin/r) 4.35 The World Sportsman: Ladies easily impressed by muscular bulk or men envious of well-structured bodies can sit in front of the TV and drool as Arnold Schwarzenegger muscles his way onto the screen. The body builder, currently
      802 words
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  • Article, Illustration
    Lock icon Why the world steel market is in turmoil
    1959 9  -  LAN RODGER reports on the fundamental changes which may be taking* place in the world steel industry LAN RODGER FT HOW big a steel industry are we going to need in five years' time? That is the question being asked urgently not
    FT  -  1,959 words
  • Article
    Lock icon Michigan team forecasts slow recovery for US
    889 9  -  By LEONARD SILK NYT THE Just-released forecast for 1983 and 1984 of the University of Michigan's Research seminar in quantitative economics the US's oldest econometric forecasting unit, going back 30 years is, in this time of grave apprehensions, cautiously optimistic. The Michigan team,
    NYT  -  889 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      112 9 makes a difference to the quality of technical specialists you get for your projects? SKILLOM where only the Best personnel are found. call *****90 For temporary or permanent placement. U.S. $30,000,000 The Korea Development bank i* the KepuMic of Korea muter The Korea Development Bank An of 1V3.1} Floating Rate
      112 words
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      Page 9 Advertisements Column 2
      135 9 THE BOEING 757 IS THE MOST EFFICIENT NEW JETLINER FIYING TOOAX costs Sa% m^S Boeing 757 can keep Southeast Asian airlines a step ahead of rising fuel The 757 is equipped with quiet, fuel-efficient engines. It's built with advanced, lightweight materials. And it ieatures computerized flight controls for the most
      135 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      204 10 Where to wine, dine and entertain Yzmz&s!} with the American Express* Card If you dont already have the Card, call *****33 for an eooScabon torn" I rs. Nonya Uincheon;^:, 2 Mony* f'°°iiitf.t <W Lan ?r* •EjrJKS^* Lunn THE GYPSY GOES WESTERN... The Gypsy, versatile 4 piece band, goes country and
      204 words
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      Page 10 Advertisements Column 2
      133 10 r 4 ilI Li for sushi. For teppanyaki. For other authentically Japanese delights. t ,11 hi >' n 'st 'n' in« >r; l t/// ■>' /um 7/ i k(S) m '-mm iin I irk S| K r.iii ii i. Si i i| mhi s offers as" 10.30 a.m. 3 p.m.
      133 words
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      Page 10 Advertisements Column 3
      126 10 Experience superb Seafood and link]uc ChiriiWShtisine in continent] ambience. j» r rSr, Please call *****83 for reservations. Valued in all ways. A MEMBER OF THE UNITED OVERSEAS LAND GROUP 7500 Be*" flood Smgaotxe 0719 I he President Lounge NN liiiv ik music s li\i\ ;,IM ,c s Pi'i ,s sparklin"
      126 words
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      Page 10 Advertisements Column 4
      156 10 A place where time stands still. 13 1 N < 'VV' a r p The Music Room. Peaceful. Eleoant. A Peaceful. Elegant. Stylish. Relax and read. Enjoy a real English afternoon tea. Or drift in for code tails and dance to music that breathes Juliana's of London. Agreatpboetobe. Be in
      156 words
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      Page 10 Advertisements Column 5
      112 10 d LOVES A HEARTY EATER American short orders, Continental breakfasts A local favourites H H?' a ne ?J > of coffee or a full appetizing meal dished out with Impeccable service. Nonya Laksa. Tahu Goreng, Gado Gado, Mee Slam an assortment of spicy curries ore just some of the delicious
      112 words
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  • INTERNATIONAL STOCKS
    • Article
      Market closes mixed
      711 11 new York A LATE selloff In the bhie chip issues caused stock prices In New York oa Wednesday to close mixed after a roller-coaster day. The Dow Jones indwtrial average climbed as much as 11V* points by esriy afternoon, was fractionally lower kfr 1500 est, and then
      711 words
    • Article
      TORONTO
      99 11 omcm ct amum m Ml Mn mm 41« MM ■utlralMi W* *1» MTU.— a ■FCfeaLM 41M w* InlstĔEi:?' V QlMMltCI A lM sssr Doom Ubm M* mm MM M -M rtieeeWde* C«» w MM OtWMUti WTrtt* Kata CMTOHOm m mi -M** -M SSSvMfe MM tatp OH Mfmnpi MOM MMU
      99 words
    • Article
      JO'BURG
      156 11 MCM 1 lui INDUSTRIALS a Alpte Ml +M AS AokCI m Ml AST* HL MM Mk C O tajth Cum* ihmti MB Rra. QMS wM W Ml Ill III M uncb M 1 UkHaMi m ♦m B t.TA jjAMR mm Mk IM tit Mek JSC? m kk «m OB?'"
      156 words
    • Article
      Brussels
      46 11 DKM ta MMtim Mil ♦A JCET M W BraMB i s Cmtumi UM tM osr «n 1M -1 9 •m ♦n nmm OtlnlMk •M Mn M (k^k IM Mi n ar* IKMMI rm MW| A £5 caam mai kmmOmm (MOMIMP i LKJ tT mm z
      46 words
    • Article
      Frankfort
      34 11 oacn Dm M|J«tarua*u ULM ♦M I LI tU ♦«Ll mm M •.I T~ L4 HI B HI 1 ~rr~ rr- 1 —T~ "T* -rr- 1 U ♦4> ♦a ♦4J 5 *U tS U
      34 words
    • Article
      Zurich
      21 11 S&=| r* 5 s §njsf£=S is cZStgjx —Si ii=s :s msbSES S=fc==s OMIjJMNrlr jgy 0 |||sfe=£ I Source: Credit Suisse
      21 words
    • Article
      Milan
      57 11 p; if ll Un M -1 mm Ml 4 k cfe ■wMM MBM -MB ar t mm* V rwcM Qwnl am. HI M* mm -a ma -at UMM -II mm -m mm -m 1 m r spss?—— WAX —)0 MM -M iaaM -mi tm -t mm UM -X MM
      57 words
    • Article
      Paris
      69 11 Been F*» OKOUP B COM LL > m. SS'* 4 gL 3? OKOUPC JmmL M* SgVL»_ 1 Sf V jKX— «V +U Lniiijiif* m» -Li kwTDSA w ttu ttTmrnm +u OMtr IM OKOUP D GIOOP A lactita In |UI «U u»s£ wim ii uJ5525 2 i u VTtuaeUm) in
      69 words
    • Article
      Amsterdam
      152 11 DCCM AM mm Fh mm M ♦U ♦U ♦Lt tu latoM KM KLM Mtar MuM MM mm ♦At -AS Ate AMCT Mha nm mm mm mm MMM jhM* JMh k MM m MM Ml Mad IMlM N MAM ♦AA ♦AS LS -11 tar Mi MM £5 mm mm 41
      152 words
  • RAW MATERIALS
    • Article
      Produce exchange
      135 11 ONMI ABakM) mm saOn, old drum (la soooad Oofva: Iflzad (loan) 955 buyer». per foto Astt NLW MBBM mUera, Sarawak white pepper tmq fob NLW 9HTJI Milan, Sarawak apadal black pepper lob NLW IMBJI aritara. Sarawak Aata black popper fob NLW WSW seDsra, lf| black psppsr Aata lob
      135 words
    • Article
      TEXTILES
      123 11 YARN aad cotton prices were quoted as follows ia Hongkong yesterday. (hi HK dollars, wp* ez-fo-dowa) OSM yan: ChMa BMe FWcMUC;IbMH,SI UlO (par bale of 0M ft»). LBS roOsr fMasd SJB (par M). CLOTH la HK dollars. whnlesslo prices, spot exgodowa yesterday: Head aaq; Japaa (No MSI) SMrtMc 01.00;
      123 words
    • Article
      RICE
      294 11 ■WlNili Yesterday's closing prices X St per kflo, ex-god OVB: THAI WHTTX: IX par eM first class (Kangaroo) it* crop LM, 111 par eaat ascend class 0.1», IM par oast tMrd eta" ATI, M par cast aaw crop ■o Mock, B-10 par coat 0.70. THAI BROKEN: A-supar AOi Special
      294 words
    • Article
      SOYBEAN
      158 11 SOYBEAN futures la Chicago oa Wsdassday closed oa a weak note, off two to four US-ccats per bushel, with January held to a OK cent range. Cora future* resulted in sympathetic local aad ut oft— inasl idling in soybeans, keeping values oa the defensive from the opening, pit brokers
      158 words
    • Article
      WHEAT
      170 11 WHEAT futures X Chicago oa Wedneeday cloned barelj steady after trading in a narrow range, op one UScent per buohel in December X off Vfc X Jaly. Noßwma upcoming export leaders aadorpXaod values all day, tradsrs add. A leading exporter «topped most ddlvaX SUDDOTt. However, persistent weakneai In corn
      170 words
    • Article
      LONDON MARKETS
      1126 11 mM the aaorriag £12 to £M a tow below -iiku day ckw w tUm iiiliam of ITS lots IkMm lots «ad If opTradera Mid lack at Phyricata asws to provide laewdw ww the mala tactor behind the tan. A targe proportloa at the low vnhisn of tradw wm
      1,126 words
    • Article
      RUBBER
      182 11 ssswsrcisrs RSS buyers quoted at 175J5 cents per kilo, up l lso cents from Wednesday's daw. Mondag Prt* ww* marked up aUgbtly oa speculative buyiag ud com 1m Interest "wbsnged opening Afternoon qS tending roW d luncbtllT> tn la Ink Uapa, the rubber market closed higher with December One
      182 words
    • Article
      RAS PRICES
      270 11 IUS prtoaa la eoata pa rkUoyaota in tor (parklla) Claat (parMta) kLIUfcMi t(Ak.mSi S-Oara 11UM nST* hum hllUlbMM tar nu 115.75 tu IB.V hi 1 111 Jmh t nui MUI nui mui klltll UK/Om MM MTU 17LMN MUM MUI 1TLMN MM MUM kLJUl UK/CM MUI MUI MTJM MUM
      270 words
    • Article
      PALM OIL
      132 11 At Malaytea erode pate ofl market yaMerday ckoed easier oa tel aeOhw It —tela tradhw, dialers Mid. to the Dm A the aerth Ml MM to MUWJI a toane aad central held imrhsMwl at IOTB while la Jaa ceMral tet Mfß to *****aadanth to M*77US -om»The raffeMi aMftet
      132 words
    • Article
      Straits Tin
      42 11 THE BRAHB TIN fitoe la Pmig jw> May Mi at the ITA (leer level et MftUSakOe. Pee tow said the ceajjaied aiarket latereet freai the tofla eteek aiaagv whe teek ateeet all the toner taraevcr fy ieeplle the areeuSILAT L
      42 words
    • Article
      CLOSING PRICES
      24 11 Babbtr D*e S Singapore: Dm: 17&JS —tf <■» 1.50 omII) Malaysia: Dm lliOOmti (mo 1.00 ooata) TkMgl.lB omSfs#X #d) lSßtonw (dowm 410 loaaw)
      24 words
    • Article
      Malaysian duty rates
      66 11 THE Malayrtaa TIIHiIh of Fl—ace kai fixed theoe rat* lor the p«M trmi Dm 1 antfl farther aotkse: W>ii) IS»* cants kik> lor Om Oepea: jgW-M »tow; tUBa.OO a Meek pepper* P T** The ratee at duty payable (reeeerch cmb SJ6 cents a kflo); Copra: M7JO a
      66 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      110 11 ifciUß ♦sMffiwf You have tasted Singapore Teochew Food Have you tasted Hong Kong Teochew Food Rose Garden Hong Kong Teochew Restaurant brings you original Recipes of Hong Kong Teochew food Prepared specially by our Hong Kong chefs. CoctoH Hotd v fww i m Mezzanine Floor 6/7 Oxley Rim/ Penang Road
      110 words
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      Page 11 Advertisements Column 2
      0 11 \\@})//'<]),-%|\};?_@<<_(?%,+>&
      0 words
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      Page 11 Advertisements Column 3
      94 11 66 1 consider The Asian Journal the best in its class." Kfr.HCSecheti bKbFM Textile Kfilb Inc. V THE ASIAN WALL STREET JOURNAL. Asia's Business Daily Printed ia Singapore—Daily deli mj Mnwltyftro^ftkhy One ywr for SSI9O 26 weeks for SS96 13 weeks for Ss49 Please start my subecription immediately. i encfoee
      94 words
Page thumbnail Page 12
  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1578 12 BID and offer prices officially listed and hnrimas in and re- > ported 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 8 COMMERCIAL
    1,578 words
  • Article
    Unit trusts
    183 12 mun IBS UNIT 1BWT DIAMOND MOT E The Commerce'***"" Ui LM The Saving! Fund l.« L75 Diamond tar Dae >) Nov dm S pan Prof I S pore Sac. F S pore Invent "Und LB 1M Wd in MD Fund LM UI S'poreFd(USI) m IB La Ml LM
    183 words
  • Article
    SHARE INFORMATION SERVICE
    2950 12 IMS Hl«k Low Caapuy Last Sale +erGr*s Dhr Dhr C*TT Gr*» Net TV P/E Vol Day (TOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 360 Mt Acm Alcom 233 132 Allied Cboc 908 210 BAT 330 283 Bate 141 M Ben Berjaya Kawat 291 138 Boustead 480 196
    2,950 words
  • Article
    In Kuala Lumpur
    1409 12 BID «ad offer pricaa officially U«cd and buMmas te and reported to me g—iy Lampnr Stock Exchaqgc jioUiiky, with the aamber of riam traded «how* in bradnti la tot* of 1,000 units, ualaa ottarartae verified. Dwmuu Ataw (1.4BB) (M) LM (S) LM (9) LM AMD (14M) (1)
    1,409 words
  • Article
    COMPANY MEETINGS
    58 12 SINGAPORE FIaaaee Limited: EGM to be held at 24th Floor, Hong Wong Building, 16 Raffles Quay, Singaore 0104 on Dec 8 at 11 am. BRITISH aid Malayan Trmttxm Limited: AGM to be held at the Board Room of British and Malayan Trustees Limited, 7th Floor, Grand Building, Philip
    58 words
  • Article
    Market falls marginally
    388 12 SHAUpriMUMMr P« *eek ftTftoif ymakttd»y. Bat mmlm «»< I» dm to fkm territory. AepimbMWMi "W 1 u** *y atoet Imaim. Dm to the lack mt trmk in, 1,, ■•■to, bml liiNtori EE?tmienmiT My?h?/A J£ SJe?" mviiuil^S! tralto Tlaae toMtol Mn *i|«i l.tS Mtoto lewer to «ton at
    388 words
  • Article
    KL prices end on mixed note
    572 12 SHARE prices finished mixed with an easier bias on the Kuala Lumpur stock market yesterday in doll trading. Sentiment was depressed as investors moved to the sidelines to await fresh directions. After opening at around overnight levels, share prices fluctuated within a narrow range
    572 words
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  • COMPANY NEWS
    • Article
      Benefits of MBF's New World stake
      400 13 MBF Holdings Bhd's proposed acquisition of a 55 per cent stake in New World Land Pte Ltd will contribute to its long-term profitability. The Orchard Place Shopping Centre in Cuscaden Road owned by New World is expected to generate annual gross rental income of
      400 words
    • Article
      SCRIP ISSUES
      180 13 OMpaaj f MMM Ex Date Inta G Lata r Rights tasue of 3 for 10 11.00 per share Nov 24 Dec 4 Hang Lm «cn> Proposed bonus tame of 7 for 10 Rlfhti Imw ,J NYA NYA ruxais ww ui 6 J1.80 per share NYA 7 for 11
      180 words
    • Article, Illustration
      Solid gains turn to ashes
      889 13  -  «.THE MOVTI TUT WAS By CHAN OI CHEE THE BEARISH mood that prevailed on the Singapore stock exchange during the latter half of November caused prices to retreat significantly from their earlier run-up. Consequently, the market only made a small upward move (or the whole
      889 words
    • ASIAN STOCKS
      • Article
        Sydney ends mixed
        328 13 TRADING IN Sydney yesterday closed as it opened with resource stocks firmer and industrials tending easier. Broken reported overseas interest for banking and base metal stocks. The All-Ordinaries index fell 0.4 to 486.3 while the all industrials lost 0.7 to 616.7 with the all resources index up
        328 words
      • Article
        Tokyo slightly easier
        265 13 THE DOLLAR for overnight delivery closed «lightly sm!tt at 250.25 yen compared to the opening 251.10, after Quctuatcompered with the .10/30 finish taNew York overnight, and vu above the close in Tokyo on Wednesday. Trading volume was a moderate $1.00 billion. DEC tt Ten 4/- MIIm* Hmt;
        265 words
      • Article
        Bangkok
        112 13 SHARE prices in FUnytmtr again lost ground In Inactive trading yesterday. The Book Club index tell 0.20 pplnts to 100.96 on a turnover of f.7 million baht, with about 105,000 shares changing hands. dec n Mb Aokh*in Thai 1M unch WRIT cnaraoncTluU wtf IN unch nmnK Ooodyiar Induatmi runner
        112 words
      • Article
        Prices sharply down
        315 13 HONGKONG THE HONGKONG stock market pared earlier heavy losses but still closed sharply down on the day, brokers ssld. They said that late bargain-hunting developed after shares fell heavily (nan the end of the morning session, when the Hang Seng index fell below the TOO leveL Tike
        315 words
      • Article
        Manila
        114 13 SHARE prices In Manila yesterday closed easier on a higher turnover of 1.32 million pesos, up from 1.28 million pesos on Wednesday, deaiers «sM The commercial/industrial index feu to 88.880 points from 81.33, the mining marker to 936.340 points from 943.850 and the oils index to 1.841 points from
        114 words
    • Article
      LONDON STOCKS
      847 13 THE market yesterday opened quietly mind with u enater bias on an uniosptrtng Wall Street performance and little changed sterling, dealer* said. At -Item, the Financial Times Index stood at MU, down L 7 points. Prices among the lenders were generally a penny or two lower as In
      847 words
    • Article
      Lock icon Japanese profits likely to improve
      243 13 Reuter JAPANESE corporate profits are expected to improve slightly in secondhalf fiscal 1982 ending next March 31, after a sharp first-half fall, led by a recovery in the petroleum industry, according to a survey conducted by the financial daily Nlboa Keiad Shimbun. The survey of
      Reuter  -  243 words
    • Article
      Lock icon London exchange against tax move
      125 13 Reuter TIB Leaden Sleek Bxehanfs Is sppsssd to fvepsaals by to* Waal Beveaae As ehaage lbs lax treatment «fjidiwli aad^totorast Sn to fee' stock exekaage haa Bated Ms abjeetiaas^ rsMaSi to iwdrt Isrstgn ■eats ttoeagh aatfcaifeed daettexatssaree. Msaibsrs if the stock exIMfTnJr*g "SpEaslatoS) weald laanssa*
      Reuter  -  125 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      220 13 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due sth June, 1984 of: THE FUJI BANK, LIMITED (Singapore Branch) DBS Building Shanton Way Singapore 0106 We hereby certify that the rate of interest payable on the above mentioned Certificates of Deposit for the Interest Period
      220 words
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      Page 13 Advertisements Column 2
      149 13 f PmiOUAM NASIONAL 6ERHAD PETRONAS PENINSULAR GAS UTILISATION PROJECT PHASEI PACKAGE NO: 5 OPERATING SERVICES PREQUAUFICATION OF CONTRACTORS PETRONAS is currently undertaking the Peninsular Gas Utilisation Project— Phase I (Terengganu), comprising:— a) Gas Processing Plant and Export Terminal b) Natural Gas Propane and Butane Pipelines c) Natural Gas Distribution System
      149 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      164 14 Rises Dualop Eat 515 -*-85 D Kerinal 830 30 C Sugar* Syn Resiaa 1080 540 20 20 Duff Dev 380 10 Paper Products 157 7 Juki Iat 332 +6 Joku HM|i 241 6 OC BC 840 +5 I C B 840 5 Pan-El 261 5 Public Bask 404 +4
      164 words
    • Article, Illustration
      KUALA LUMPUR
      187 14 Rises Dunlop Est 565 +65 Syn Resins 600 +20 Taiping Con 670 20 Duff Dev 302 16 M'sian Oxygen 372 12 Johan 263 11 Pima M Box 290 +10 Jacks Intl 358 10 HK Tin 870 10 NST 910 +10 Falls Inch K K 960 -30 Central Sugars
      187 words
    • Article
      Selected indices
      49 14 FINANCIAL. TIME8 INDUSTRIALS Wednesday 906.9 Tuesday 906.5 Week Ago 815.3 Wednesday Week Ago AUSTRALIAN INDUSTRIALS 710.34 733.33 DOW JONE8 AVERAGE INDUSTRIALS Thursday Wednesday Week Ago 616.7 617.4 622.8 Tueeday 1030^8 Week Ago 1000.00 ALL ORDINARIES H.X.HANG SENG Thur *»*y 076.30 Thursday Wednesday Week Agn 486.3 .485.0 .487.5
      49 words
  • Article
    UPP withdraws rights issue application
    476 14  -  Companies Editor: Mano Sabnani By CHOO AI LENG UNITED Pulp and Paper 'Co (UPP) has called off a plan to raise $13 million through a rights issue because its intended purchase of Eastern Lagoon Condominium I has fallen through. The company said yesterday that the
    476 words
  • Article
    UMW Bhd challenging Tan Chong for top spot
    517 14  -  By ALAN LEE UNITED Motor Works (Malaysia) Holding Bhd, the new owner of the Toyota franchise, is choiionging Tan Chong A Sons Motor Company which handw the Nissan/Datsun franchise for the top spot in the 100,000-unit-a-year car market in Malaysia. Toyota, under
    517 words
  • Article
    India-Malaysia Textiles target of takeover bid
    443 14 INDIA-MALAYSIA Textiles, the ailing textile manufacturer in Butterworth, is the latest target of a takeover. The company announced yesterday that the Birla group of India, its controlling shareholder, has signed a letter of intent to sell 2.9 million shares or 27.6 per cent of
    443 words
  • Article
    Batu Kawan sells stake in D & C Bank
    211 14 Batu Kawan sells stake in D C Bank BATU Kawaa Bhd has tomm the (earth eampaay (ram the Taa Sri Lee Ley Seag grasp Is sell shares h Development 6 Cemi Mniil Baak la Datak Syed KeeMk Ma Syed Meaader Y L Lee"*" 11a nape ay yesterday haldtag «I mjm
    211 words
  • Article
    Ambassador stays mum
    497 14 Taking Stock... THREE months have passed since AnkiMin Betel announced the sale of its main asset and activity the Ambassador Hotel in Meyer Road. At that time, a question about its listed status was raised as it was observed that Ambassador would become practically a "cash company"
    497 words
  • Article
    COMPANY BRIEFS
    209 14 MALAYSIAN Mun C. ■M has announced the appointtnent of Tuan Haji Abdul Manap Said as a director of the company from Nov L NORTH Itraet Timbers ■hi has appointed M and C Services Sdn Bhd as its registrars with immediate effect, in place of Feat Marwick Mitchell and
    209 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      119 14 L—den stockg...Page IS f2nthduse&3o pres^ direct tram London SI r 1 •*< m^W .?a*.? v. Lips London'* top glamour duo act. T T\7 i" Silky vocals. Exciting choreography. ,1 V X-J Sophisticated coKumn. J-^*L And success measuring more than 3V2 r TVQ\ million IP"s and millions of singles. ®*< yourself
      119 words
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      Page 14 Advertisements Column 2
      110 14 V. U V 77V i X I M Fa 0 K Use our car for a week Use our pick-ups at pay five days only specialty discounted rates Pay for two days oyer the New cars of your choice for weekend get one day free long-term lease Don't miss out
      110 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      59 14 OUTLOOK far today: Cloudy with occasional showers in late morning and afternoon. Report for 24 tain prior to 7.39 pm en Dee 2 at the airport: Maximum temperature 28.2 Associated humidity 80 Minimum temperature 24.4 Associated humidity 94 Hours of sunshine 0.05 Rainfall in millimetres Trace Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • Article
      Indonesian company buys two vessels
      160 15 INDONESIAN company PT Perusahaan Pelayaran Samadera Trikora has purchased two ships from Bremen shipping line FA Vinnen for US$9 million each. The vessels are newbuildings from the Neptun Shipyard at Rostock. It is believed that the Bremen company did not incur any losses from the
      160 words
    • Article, Illustration
      UASC capacity in Far East will be doubled
      546 15  -  By JAN LEE THE United Arab Shipping Company will be replacing its four container ships currently on the line's Far East/Arabian Gulf service with five new and larger vessels. The first vessel is the Dubai, which will be arriving in Singapore on
      546 words
    • PORTSIDES
      • Article
        Lock icon New bunker surcharge
        82 15 Reuter THE Trans-Pacific, Atlantic and Gulf, West Canada and East Canada Freight Conferences of Japan/Korea said the bunker surcharge of $13 per revenue ton, scheduled to become effective on Dec 1, will be introduced at a rate of only $10 The four conferences also said the bunker
        Reuter  -  82 words
      • Article
        Lock icon Daewoo gets loan
        111 15 Reuter THE Export-Import Bank of Korea will provide a US$39O million concessional loan to Daewoo Shipbuilding and Heavy Machinery Ltd for its $780 million shipbuilding contract with United States Lines, bank officials said. The contract to build fourteen 58,000 dwt container ships was signed in June but
        Reuter  -  111 words
    • Article
      INDEX TO ADVERTISERS
      720 15 Shipfriag UM PB<C C«i SUwi»«Ltoe PM« (M ACToefrfer VI 1 Evergreen IV a AIM f in t vm VI vn VI vn t *"*ro aw S 5 Liner Alp* t s Faace Fortune Franco-Belf vn X m 4/5 4 4/5 2 Anfcnave Praia NVOC VI AaMaf Aatarn
      720 words
    • Article
      Lock icon Questions remain on Tampomas-2 disaster
      874 16 AFP NEARLY two years after the sinking of the Tampomas-2 which officially claimed 666 lives, Indonesian judges have just passed prison sentences ranging from two to four years on four persons charged with corruption in the purchase of this unseaworthy vessel. <.Acording to informed sources,
      AFP  -  874 words
    • Article
      ORIENT EXCHANGE
      784 16 VESSELS Opea: FOR charter-tankers-avail-able prompt-built 68-flag Panama-dwt 1013-grt nrt 498 278-loa 49-B. 8.80-load draft 4.10-clasaed PB tank capacity 1159 M 3-4 tanks 8 compartments-Ha nshin diesel 950ps-2 centrifugal pumps 350 M3/hr-on clean oil. Tanker-built flag Panama-dwt 950-grt/nrt-487/ 279-loa 49-B. 8.8 load draft 4.1-classed NKK-tank capacity 1,227 M 3-4
      784 words
    • Article
      Lock icon Jeddah contract awarded
      155 16 Reuter SAUDI Coodreco, a joint venture between Archirodon of Greece and a partner, has been awarded a US$lBO million contract for the north-west extension of Jeddah port. The project includes construction of five berths, roll-on/roll-off facilities, tug and coast guard piers and administrative buildings. A 50-metre high
      Reuter  -  155 words
    • Article
      LONDON FREIGHTS
      1791 16 CHINA on Wednesday continues to seek tonnage for grain cargoes, shipbrokers said. Another vessel has been fixed for 1 maize from the River Plate to China at an unchanged U5530.50 and China has covered wheat from Hull at $27. Grain chartering from the US Gulf is more subdued,
      1,791 words
    • Article
      Hague-Visby Rules
      190 17 THE Hague-Visby Rules on bills of lading should have force of law in the United Kingdom as if they had been directly enacted by statute, House of Lords ruled recently in the case of the Marvtken versus the HoUuktia. These rules, agreed by international convention, are incorporated in
      190 words
    • Article
      Lock icon TANKER FREIGHT MARKET CONTINUES TO BE BLEAK
      436 17 Lloyd's List THE tanker freight market continues to remain in the doldrums in spite of the onset of the northern winter which, according to many forecasts, was supposed to have brought an uplift. The predicted restocking by oil companies in the autumn gas
      Lloyd's List  -  436 words
    • Article
      The Consortia
      212 17 THE MAJOR shipping consortia operating between the Far East/Europĕ. Far East/Persian Gulf, Straits ports/ Australia, Straits/ Japan and the member lines: ACE (FAB EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANBO (BTRAITB/ AUSTRALIA): Australian National Line.
      212 words
    • Article
      Philippines will implement plans on cargo sharing
      449 17 THE Philippines will pre» ahead with its plan to reserve 40 per cent of the nation's imports and exports for its national carriers. This was made clear by Ramon Cardenas, economic counselor at the Philippine embassy in Washington, during a visit to New
      449 words
    • Article
      Lock icon Greek breaking sector
      146 17 Reuter FIVE Greek motor vessels were reported sold for scrapping by Greek breakers which could indicate the establishment of a ship demolition business in Greece, promised for some time, secondhand tonnage brokers said. Up to now, Greek scrapping activity has been very spssroodlc with a large number
      Reuter  -  146 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      5729 22 SHIPPING LIST where your ships are due and when SCHEDULE A guide to ships leading 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
      5,729 words
    • Article
      Container Schedules
      755 23 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO 1 Godowns FCL J f Ship Voy Arrival for LCL Movement Date/Time Operator Caw Schedule Location Khd Pakhomov 38CW82 4.12.82 0700 S Soviet 49 0800-0900/1600-1700 L7/L7 E Humanity *****W 4.12.82 1700 O Asia 49 1000-1100/2359-0100 N4/N4 Cornelia Maersk 8213 4.12.82
      755 words
    • Article
      WHO ACTS FOR WHOM...
      1836 23 The leading shipping lines operating from local ports and their agents. A B Adriatic raateiaer Continental Feeders (Si Cargo Freight <PK> APEA Singapore Shipping Corporation (S) Euro-Asia Line (PK PN). Un-EwMk Um Transgroup Pie Ltd <S) AMwMMUmt «antes-Kim Shpg (S) A 1 NwUltM Frata Shpg (S)
      1,836 words
    • Article
      SHIPS IN PORT
      484 24 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Bergen Elsel Mara Nlaga XXXIX Summer Star Unity Baron Star Hal Seung Rljeka Signal Suzuran Mara 305 303 306 304 303 305 304 305 302 303 Mitsui OSK NTY Blenley Worldwide Nippon Express KimShpg Nippon Express E
      484 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      480 15 HELICOPTER MARINE SERVICES 24 hour service by twin-engined helicopters to vessels at sea in Malacca Straits and South China Sea. TEL *****11 HELI SERVICES (PTE.) LTO. Helicopters also available for casual charter, aerial photography etc. \RI>INI \\T 11 Orient Overseas ■t Ca*Utu*t&i Line Ipm* 8 1? 17 12 n.». ana
      480 words
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      Page 15 Advertisements Column 2
      352 15 OSEALORDO JJASC UNITED ARAB SHIPPING CO SAG) EXPRESS MULTI PURPOSE SERVICES Loadmf for Dammam (21/12). Jubail (24/12). Kuwait (28/12). Dubai (3/1). Abu Ohatx (4/1) lubail 2/1), Oammam 4/1), Bahrain (6/1). Ooha (8/1), AbtOnte (10/1). Dubai (12/1). Kuwait'fl4/l) Kuwait (18/1). Jubatl (20/1). Oammam (22/1). Abu Dhabi (24/1). Dubai (26/1), Bahrain (28/1)
      352 words
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      Page 15 Advertisements Column 3
      875 15 The Straits Companies Activities Key Personnel. DIRECTORY Agencies W Singapore (Buku Merah) MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: UA PACIFIC. GULF, ATLANTIC, EAST CANADA, ASIAN PORTS IMERSX MANGO MAERSK TEMPO SaM *-7/12 14-15/12 29-21/12 21-25/12 3-4/1 12/1 17-11/1 7/12 25/12 UCA MAERSK LEDA MAERSK* -4•SHGATO* CLOSMG WES (Y SO.
      875 words
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      Page 16 Advertisements Column 1
      492 16 —ICootor FaaM T SPOMGA xomjA IMU IHMO JENMLM POMGA 0. MUM 2-7** «-«J) StrcDc FAR EAST/EUROPE CONTAINER SERVICE w Service KeUf* Vtssi 3/1? Ha From Euro 1) Gtwi 2) Kbmt 3) r«tn 4) Rtfam 5) U H P U*« S gore SaM SaM SaM SaM SaM 10/12 1/12 SaM SaM
      492 words
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      Page 16 Advertisements Column 2
      400 16 Y.S. LINE yAmashita-shinnihon line CONTAINER SERVICES USA/CANADA Pacific South Wnl Pacific North Waat Atlantic/Canada m ai a ru> i f 14/1 11/1 14/1 TON IM UM N/l 24/1 22/1 N/l 2/2 V 2 4/2 4/2 11/2 22/2 17/2 21/12 27/12 21/12 tt MIDDLE EAST li r.g.11 y j IjJ CONVENTIONAL
      400 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      701 17 The Straits Steamship Group i Overseas Containers Limited QCL CONTAiNf RSHIP SERViCf TO UK CONTINENT mi M 2C/12 a/12 1/1 VI VI VI 7/1 VI 17/1 It/1 zvi a/i a/i 27/1 •1/2 «V 2 M/ 2 11/2 17/2 11/2 casus nn ff casus m «JU. STKAJTSHOFf snuuTSKcmuM KKS saw LIGHT
      701 words
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      Page 17 Advertisements Column 2
      629 17 h Franco 80/ yum Services y y. h't. '-t¥- C.M.C.R »fv.J! 1 1' •IM S W s w j S>or» f Mmi I'lm ITsadto Com Tnaste M h Port 20 OK a OK 23 0K 30 0K I 11 Ok 12 0k 27 0K 210K 30 0K 4 to 200k
      629 words
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      Page 18 Advertisements Column 1
      500 18 rHapag-Uoyd «*»•'•< t i S'io>« PK Pw Mac Gowa H Emi| B huw Warn Antwerp 22/12 »12 31/12 ft/1 «/2 2/2 30/1 21/1 Hk lo«( Oakland Seattle lEipreu 10/12 21/12 30/12 2/1 bpwt 17/12 4/1 6/1 9/1 m Eiprtu 22/12 10/1 12/1 15/1 li (ipmi 1/1 17/1 19/1 22/1 i
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      Page 18 Advertisements Column 2
      571 18 COWVOmOHAI SERVICE Ta/Fra* BUSAM STOK KM I7M/IIK Std MTM II3K/IHC ?1 DK f Rata* PfNMK it Port 45 Ok 2223 Dai Z«»Dat STOK H *T MM MMV OCUM V.ollol4oac 17 220k 310k SImU ?7J— «3 FULLY CONTMOBED TO/ROM IWTH AMERICA KST/EAJT COASTS '»iM«mul HR IJtKkCMM WC OOVUBKTX 23/1124/11 4/12 24/12
      571 words
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      Page 18 Advertisements Column 3
      279 18 r EVERGREEN LINE MR EAST/EUROPE CONTAINER SERVICE ACCEPTM Fa ft La CAR6O FOB: w a m fu m nm im ImLmk, M/U 17/U M/ 12 ft/I VI M/l U/l IVI (t« MM a/11 IJ/1 u/l 17/1 IVI M/l Imi l«M J/l 4/1 M/l IS/1 77/1 21/1 M/l 1/2 mo *cctPTK
      279 words
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      Page 18 Advertisements Column 4
      868 18 Everett Linesll Burma Fiva Star Shippma Corpn. "BURMESE NATIONAL LINt" LOMMK FOR RANGOON mtamtawym MTOffTMR ntRSMRICUWYM SpM 4/(0« hrt/saK 11/13 OK 17/14 Ok kn/IIR 1/7 Bk ■BFSSC n Motoyvo BOUSTEAO SMPWNG T€L NOS Kl *****4/*****7—PKELANG *****1/8 PENANG Cn»»■■■» 0* OiMNtwa iMerMMMOTtaI /8 OMBAaa== "ARGENTINE NATIONAL LINE" MS POUTE OES 6ALITS
      868 words
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      Page 18 Advertisements Column 5
      229 18 DLSINOSE MARITIME PTE LTD SUN UNION LINE KARACHI SOMCE tmbjm ram io*n WtlD KE2E mrt mtm SOUTHEW CROSS I 21/12 22/12 Man SMCtfOH MKMMKntIf m atim/7 A a»u» fwt smut avns carw ro. uinsz/i KlMltiUMra UtlttlWPWtW* m uMH/aim ratHCLMt uflWMKMMMiunmu kmk imut» ntw 1 itinran in t* (7IU A U7»
      229 words
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      Page 19 Advertisements Column 1
      624 19 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH. JEOOAH AQABA (Reefer Cntrs Acceptable) KOTA OAMABAT KOTA OAMABAT KOTA OAHABAT KOTA OAHABAT 31W/32C 32W/34E *1/12 20-20/t 10-11/3 4-5/2 10-10/3 COLOMBO 23-24/1 4-0/2 10-14/4 10-11/$ 10-20/4 EAST AFRICA/REDSEA SERVICE COLOMBO/KARACHI/P. GJLF SERVICE KOTA VCSBBL. SINGAPORE CHITTAGONG/RANGQON/SERVICES SINGAPORE/BANGKOK/SINGAPORE OIRECT SERVICES SINGAPORE/INDONESIA/SINGAPORE SERVICES rry
      624 words
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      Page 19 Advertisements Column 2
      626 19 BEN LINE CONTAINERS or«s com wa smec to/fkm mm UMtNGmM,/ 27/12 IVU 1/1 wu a/12 VI a/12 ivi a/1 a/i a/i Frwct M U* vi a/u VI VI vi n/u IVI VI 22/1 IVI a/i 21/1 a/i n/i V 2 a/i Pat MM riwm r«M NM« 1/12 »Mto 2/1 vi
      626 words
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      Page 19 Advertisements Column 3
      408 19 m \:J I I A r .*r v. frjj* <M "u M'iv A* L+l t 3»Jj u AMERICA (CENTRAL AND SOOTH) > 1 i' 1 1 f ftASTAJWCA W>—CA M *M» P* rxna an lap h» i f I M i 4 V; i i i I (V VI 7/1
      408 words
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      Page 19 Advertisements Column 4
      231 19 BOUSTEAD SHIPPING AGENCIES FOftTHBANK MEADOWBAMK IVYBANK SfOtE 10 Jon 1 F«b 26 Mar R'DAM HULL HMBG 6 F«b 8 F«fc 12 F«kr 25 F«b 27 F«fc Si 21 Apr 23 Apr 27 Lykes Lines ILi GULF DKECT SBNKE VBJMIYKES Sri DQU.Y IHBMN SM HMD! LIVES 3M MfTN LYKES 13/ sm
      231 words
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      Page 20 Advertisements Column 1
      970 20 V 99 •b K LINE KAWASAKI KISEN KAISHA, LTD. EXPRESS CONTAINER SERVICE CALIFORNIA s*Ni si m Roecn vrm Mono mm to* to ia/u omim 2 F«k MBMUVIS II Ok AMERICA MARU VM 10 310k IS to*/ II Jm 4 Fit i f«# i men m uok yaimshh wru vtToa nok
      970 words
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      Page 20 Advertisements Column 2
      375 20 CAUFOtNM/PACfK NORTH WEST SERVICE EXPRESS CONTAMER/REEFER SERVICE l **i hr iM una UN nanco unu. ikok mkomol it »cc»to| fa/fa M«n MSTUIU DWB CMTMKI SUVKt fa/fa M*m JJ hmi f Umi JAPAN SERVICE *Mp*k. k*i Ik#. Mm cAl*«a/t In '■■mi f Uhi S«|«n iMtgto It* 10 i 10k MtOMMte/Hfei 14
      375 words
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      Page 20 Advertisements Column 3
      437 20 KORINS MARITIME SERVICES f Fit arv; Tpi b MIDDLE EAST/RED SEA/EUROPE SERVICE: i Hyundai' Shipping Co. lid. S port P. KetanilMdhc tar 10 Dec Damnum/ Kuyait 23 Dtc Jeddah \SI A MHKCHANI MARINI SEII-CONTAMER SERVICE S port PJtetant Loadtof tar CALYPSO N Sated Daraium/K«nit NKOS N 12 Dec Damnum/Rue ait
      437 words
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      Page 20 Advertisements Column 4
      278 20 BREAKBULK SERVICE TO EUROPE/UK S'part P. Katant Panne P W017..._ I Dec 4lk NORAStt MOIS. 4la Mlk to ■/nav tmmm HALP AC LUCK Spon J Mm« taa*«to ALPAC VKI ****** Dk 13 Nc Maarttiai/liaaiia/lbrMn/CapaVessel lowbnj at Kota KaaMt 1 A|ents: Stafapert mUU (fTI) LTD m* i h' u u r«M*»c
      278 words
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      Page 21 Advertisements Column 1
      373 21 iLNOL NEPTUNE ORIENT LINES UD FAR FAST FUROPF FULLY CONIAINFRkSFD SFRVITfTOEUMK/UK (VIA SUEZ): TW MNEI3W+ 1/12 10/12, 2 CMS 32V 20/12 21/12 IK GONTAOO 3M 25/12 20/12 1 0 CNEF HI 31/12 1/1 1 SSONNE SOW 1/1 0/1 2 C CQNTWB 10W 10/1 17/1 Mm accflptM| carp to/from Scjndinana TW
      373 words
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      Page 21 Advertisements Column 2
      292 21 MALDIVE LINES mum stm LOAOMG FOR MALE LoaMf For MMI OCCAM GLORY Hi. I Loafenf For Male Load** For HOOCDAH MALDNCNATON Load* For Colombo/ Bombay MAUME PEACE Loadm tor JEDOAH ETA ETA ITA STORE KIMMTAN Km KELANG 7/12 1/12 10/12 30/12 18/1? 15/12 10/11 20/12 Load* For IDOAH/HOAft DA/PORT SUDAN
      292 words
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      Page 21 Advertisements Column 3
      440 21 4 SINSOV SMGAPOKE SOVET SHPMNG CO PRIVATE LTD SMKM MLOMC 55. MvM SlrMt 1104 TMw Mr*« *****3 (15 Lkts) CM M*m SMSOV SKtfOK Tttti tonbors KS ***** W 2342U*****1 17 —CM HOOP. lU. Trf 42*21 (RE6UIAR MOEPENOENT SERVICE) ODESSA OCEAN LINE BALT-ORIENT LINE FULL CONTAINERSHIP 3 Vi 3 DK 14
      440 words
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      Page 21 Advertisements Column 4
      75 21 5 4. KMT SHIPPING PTE LTD i«sll* i» n». a twH r*!,^, Timlin ziwm rt um)« ntns utm Ntw Mm Hta( +,M Hm( LN H Sri Mm MaJM I H thmm la. FT* C 1» 7/12 1/12 13/12 15/12 IC/12 11/12 hR 1/12 Sri Nm Ma IM 4 5/12 7/12
      75 words
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      Page 22 Advertisements Column 1
      504 22 I S S C Group SINGAPORE SHIPPING CORPORATION PTE LTD «OTH FLOOR OCE AN BOIL DING SINGAPORE 01C« MARK E TING *****2 (3 L<N f SI GENERAL *****1 (22 LINE S» TELE* RS .4S9S RS ***** A a CARSHIP •CABLE CARGOSMiP Container Lines 2 SAII INGS A WEEK to/from BANGKOK
      504 words
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      Page 23 Advertisements Column 1
      186 23 NOTICES f OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Aldebaran Pte Ltd, of Unit 2103, 21st Floor, Golden Mile Tower, Beach Road, Singapore 0719, hereby give notice that in consequence of our intended change of name of the motor vessel "ÜBENA", we have applied to the Registrar of
      186 words
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      Page 23 Advertisements Column 2
      325 23 EGYPTIAN international line Ell INTERNATIONAL line Ell EGYPTIAN FLAG h I N ".MtPPtHI r (f IC i I<* W >fkl lnd» r>- i r ;iOi ffl MS H M Sdr Bhrt i u mo. 1 Pfnif in 16u?gg ftaj •mi* S prxf 1 TIGER EXPRESS LINE M OVTTWONC CttCffTTl r■—ilimiiwt
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      Page 23 Advertisements Column 3
      113 23 Jmrmo smm emun (M.) m gl" BANGKOK OnOS SKIFflt LCI) JNNV JTMV /SUMS UK (*rMi fl*/f; KESSQ Sf MOTMEK VS. WT SW MEL ME M Or* 7 1/12 Van On «27 VI »/l 21/1 12/12 Cm 12 24/12 Hal Mnrf *3123/1 */l «/2 */l TEL: *****77/88 Tx: ***** Eurofro 20th
      113 words
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      Page 24 Advertisements Column 1
      592 24 HAJ SHIPPING SDN. BHD. 33 35 lIN CUfKibAH (#t I N SfKOtAM 111 *****6 (5 tiff S| Hill MA %4t. HAIShP REGULAR SAJLM6S TO EAST MALAYSIA ETA ETD HATATI V: 15/12 •HAYATI 16/12 •HAYATI 1/13 •AMR 12/12 17/12 20/: •PELEGO DUVO 1/12 •PELEGO DUVO V: 2/12 11/12 11/1 PENANG f.
      592 words
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      Page 24 Advertisements Column 2
      381 24 m E Of) TUNA CONSOIIDATION SfRVICIS PIE LTD 06 13 14 MAXWf i I HOIJSI Tl! A'.bW HUH R534?44 EOTUMA HEAP SENG TRADING SHIPPING PTE. LTD. 1201, 12th floor, GoMm Mil* Tower, Boodi Rood, Sinooporc 0719. Tol: *****44 Tlx R*****2 HEAPCO SM6APORE TO PHUKET SERVICC West Malaysia Agent ModNoyd EAC
      381 words
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      Page 24 Advertisements Column 3
      350 24 MAGNA MARINE LINES EASTBOUND SERVICE PASS VOY 11-141 SM VALUES M-ISE SM STORE LOAUNC FOR 4/12 HK /MAMLA/KEELUNG MAGNA SHIPPING PTE LTD 11th Floor, MNB Burfdrvg SINGAPORE 0106 TEL *****66/ *****00/ *****37 TELEX R*****8 "MAIJNE" UJ ANTARA SHIPPING SDN BHD -f 1 1-, ,J% S- --IN /A i Mi Ait,
      350 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      143 24 s N m fA »L K 35 V c CT" Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND* R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots V J£!!L Wave hrt ht Cloudy Sky Barfaee winds
      143 words