The Business Times, 8 June 1983

Microfilm: NL14069
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 67/1/83 WEDNESDAY, JUNE 8,1183 60 CENTS
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  • Article
    EDB plans to get four new aerospace investments a year
    393 1  -  By WANG LOOK KEAH THE Economic Development Board will increase its efforts to develop Singapore as the aerospace component overhaul and manufacturing centre in South-east Asia during this decade. EDB officials visiting the recent Paris Air Show told Business Times
    393 words
  • Article
    Lock icon High defence spending hurting US economy
    178 1 Reuter INCREASED military spending is seriously damaging the US economy, according to a two-year study issued on Monday. The report by the New York-based Council on Economic Priorities (CEP) challenges post-World War Two beliefs that high military spending creates employment, stimulates economic growth and
    Reuter  -  178 words
  • Article
    How weak HK dollar may affect Singapore
    489 1  -  By SOH TIANG KENG, TERESA LIM SINGAPORE'S competitive strength against Hongkong in exports and tourism is being eroded by the falling value of the Hongkong dollar. In the past six months alone, the shaky Hongkong currency had dropped by 15 per cent against
    489 words
  • Article
    Lower rents likely for private apartments
    559 1  -  By LEE HAN SHIH RENTS for private apartments except those in districts 9, 10 and 11 are likely to take a dip next year. The new flats and condominiums coming into the market in 1984 will bear the brunt of the dip, estate agents
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  • Article
    Deputy chairman of SIA calls for open skies
    350 1 THE deputy chairman of Singapore Airlines, Mr Lim Chin Beng, has urged Western European countries to abandon protectionist practices and return to the spirit of open and free competition. Speaking at a four-day annual conference of the European Foundation for Management Development
    350 words
  • BRIEFLY...
    • Article
      Lock icon Gold below US$400
      66 1 Reuter THE price of gold fell below the psychological barrier of US$4OO an ounce on European bullion markets yesterday amid predictions of sharp falls due to the continuing strength of the US dollar. Gold was set at $403.15 at the morning fix in London, its lowest level
      Reuter  -  66 words
    • Article
      Lock icon Revolt under control
      57 1 Reuter PALESTINIAN leader Yasser Arafat told Indian Prime Minister Indira Gandhi that the mutiny in his Palestine Liberation Organisation (PLO) is under control. Arafat, who arrived yesterday on a one-day visit to India, was quoted by an Indian government spokeswoman as saying that reports of a revolt
      Reuter  -  57 words
    • Article
      Lock icon Indonesian GNP up
      76 1 UPI INDONESIA'S gross national product (GNP) increased a modest 2.5 per cent in 1982, reflecting a sharp slowdown of the economy due to the world recession and oil glut. The International Monetary Fund and the World Bank said Indonesia's GNP amounted to U5518.67 billion in 1982, a
      UPI  -  76 words
    • Article
      Lock icon Rig workers strike
      123 1 UPI ALL OIL prospecting in the Norwegian sector of the North Sea ground to a halt at midnight last night at the beginning of a strike by 2,300 workers on mobile drilling rigs, oil industry sources said in Stavanger, Norway. The strike by the ROF Union was
      UPI  -  123 words
    • Article
      Lock icon Emergency landing
      58 1 AP A BRITISH Navy Harrier jet, running out of fuel during an Atlantic gale, made an emergency landing on a Spanish freighter on Monday night. The British Defence Ministry reported that sailors on board the 2,300-tonne Alraigo watched in amazement as the vertical take-off jet hovered over its
      AP  -  58 words
    • Article
      Lock icon 600 Chinese expelled
      75 1 Reuter MORE THAN 600 Chinese have been expelled from Mongolia in the past few months for refusing to accept work on remote farms, the semi-official China news service reported. The agency, disclosing the first figures for the exodus, said 615 Chinese nationals had fled Mongolia by train
      Reuter  -  75 words
    • Article
      Lock icon Dow Jones
      71 1 AP NEW YORK stock prices opened mostly higher yesterday following the market's modest advance in the previous session. Gainers jumped out to a 3-2 lead over losers on the New York Stock Exchange, with oil and airline issues pacing the early advances. However, the Dow Jones Average of
      AP  -  71 words
  • Article
    Stage set for start of financial futures exchange
    280 1 THE Chleage Mercantile Exehaage (CME) mad the G«M Exehaage af Htogaparc (GEB) have CHdaM megatlattoaa to establish a flwriil fa tarns exehaage la Stagapare aext year. A GEB detegattoa led by ehalrmaa Ng Ksk Saag met key CME affldaJa last week. Tke
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  • Article
    Shares of Sing Investments to be offered at $2.50 each
    869 1  -  By NAJEEB JARHOM SING Investments St Finance Ltd is launching a small public offer for sale of 5.5 million shares at $2.50 each on Friday. Applications close at noon on June 23. The company is one of the medium-sized independent
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      267 1 roFFct I SYSTEMS Qyx desk-top word processor We challenge you to outgrow the intelligence of the Qyx* SEE HOY CHAN GROUP Singapore t»l *****62/4 K L t»l 03 *****0 Ponangtal 04 *****9 raw* SWISS Volksbank is thinking of moving aggressively into portfolio management in Singapore Page 2 TRACTORS Singapore will
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      Page 1 Advertisements Column 2
      92 1 CROSS SINCE 1046 Goodwill ambassador for trie best companies. Put your company emblem on Cross writing instruments and let it spread lasting goodwill... in sales promotions, to clients, to business associates or as awar< k to silmi/S staff members. Cross writing instruments in Solid 18K or 14K Gold; 14K or
      92 words
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      Page 1 Advertisements Column 3
      172 1 imt Atlas Sound introduces dbx Model 228. The all-in-one. Dynamic range expander Disc decoder Tape noise reduction system dbx The dbx Model 228 gives you 50% more dynamic range from any source which means 50% more music than you're hearing right now. It gives you better than twice the noise
      172 words
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  • BANKING AND FINANCE
    • Article
      Possible focus of Swiss Volksbank
      586 2  -  By LEE YOKE MENG PORTFOLIO management could be one of the major areas of business development for Swiss Volksbank's office in Singapore. While other Swiss banks are vying essentially in the offshore banking area, particularly in terms of lending, the Swiss Volksbank is thinking of
      586 words
    • Article
      Lock icon KL banks dominate at home
      172 2 Reuter MALAYSIAN local banks have gained dominance in the hanking sector over foreign-incorporated banks, mainly due to government restrictions on foreign banks opening new branches, a central bank official said in Kuala Lumpur. Mohamad Taufik Abdullah, a senior officer in Malaysia's central bank, Bank Negara,
      Reuter  -  172 words
    • Article
      Lock icon Japan bond market likely to rule easier
      159 2 Reuter THE Japanese bond market is likely to rule easier for some time because of uncertainty over the yen/dollar and US interest rate trends, dealers said in Tokyo. The market undertone will be delicately supported by expectations that the Bank of Japan will
      Reuter  -  159 words
    • Article
      Chinese bank cuts prime
      58 2 BANK of China's Singapore branch has cut its prime lending rate by 0.25 percentage point to 8.5 per cent, with effect from today. Its deposit rates have also been trimmed by a similar extent to 6 per cent for savings and to 5.75 per cent to
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    • Article
      Lock icon Fed firming may be under way say analysts
      462 2 Reuter THE failure of the US Federal Reserve to add reserves to the system has sparked speculation among money market analysts that the Fed may be signalling a slight firming in monetary policy. Although the analysts remain unconvinced that the Fed has
      Reuter  -  462 words
    • Article
      Lock icon Venezuela submits rescheduling plan
      447 2 Reuter VENEZUELAN Finance Minister Arturo Sosa has formally submitted a request to banks to reschedule US$l6.3 billion of public-sec-tor foreign debts falling due in 1963 and 1964, a statement issued by the Venezuelan Information Service said on Monday. The request, which follows months of preliminary consultations
      Reuter  -  447 words
    • Article
      Lock icon Deadline for Nigerian debt conversion today
      130 2 Reuter THE deadline for formal commitments by Nigeria's creditor banks to convert some of the country's trade debt arrears into a threeyear loan has been put back until noon today, coordinator Barclays Bank International said in London. A spokesman said the original deadline of
      Reuter  -  130 words
    • MONEY AND EXCHANGES
      • Article
        PLR
        22 2 THE average rale at which major Singapore bank* are currently prepared to lend to their best customer* is 9.02 per cent.
        22 words
      • Article
        ASIAN $ RATES
        184 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on June 7: 7 days t month 2 months 3 months 6 months 9 months 12 months US Dollar*!Spot Offer Bid 8 5/18 93/10 9 9/16 97/16 911/16 99/16 913/16 911/16 101/16 9 15/16 103/16 101/16 10% 10* Das. Swin.
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      • Article
        Discount
        47 2 RANGE of prfc ses offered by discount houses oa June 7: Overnight: 3 Call deposit*: 2-3 Closisc 3- month Baying SclliM Treasury bills 29/16 27/16 3- month Bank bills 711/16 7 9/16 3 months CD 73/16 71/16 6 months CD 7* 7* Source: National Discount Co
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      • Article
        Tokyo
        182 2 THE dollar yesterday closed steady at 240.06 yen in dull trading with no fresh stimulus but with the undertone supported by expectations of firmer US interest rates. The dollar rose to a day's high of 240.25 yen on buying by Japanese banks and importers, after opening at 239.90 in
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      • Article
        Singapore market
        520 2 THE US dollar closed stronger against major currencies except sterling on the local foreign exchange market yesterday. The US dollar remained basically firm but sterling strengthened against the dollar because of belief that the Conservative party will be returned to power in the British general elections on Thursday.
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      • Article
        Hongkong
        197 2 THE Hongkong dollar yesterday fell to a record low 7.60/62 to the US unit in thin, pre-close trading, from 7.54/56 at mid-afternoon and compared with Monday's close in Hongkong of 7.45/47. The HK dollar subsequently slipped further against the US dollar to 7.61/63 and has lost over 30 HK
        197 words
      • Article
        GOLD
        352 2 GOLD FUTURES in Singapore yesterday recovered marginally on some buying at the lows but the market still closed lower on balance compared with Monday's close. Trading was thin throughout the day with total sales recorded at 118 lots while kerb volume at 505 lots. Prompt closed at U*****.00/405.50 an
        352 words
      • Article
        Silver quotes
        36 2 Mm PM New York U.QSB 11.33B U.12S 12.006 Zurich 11.57B 12.02B U.76S TM 12.12S Mm Singapore uaoe 11.80B U.30S 11 90S Casing price* Id US doDars a troy ounc e. Source: Credit Suisse, S'pore
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      • Article
        London
        16 2 THE dollar yesterday opened mixed but with a firm undertone in a generally directionless market.
        16 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      225 2 The Ford Telstar, leader of the new car generation, is an exciting departure from the car you know today. It sacrifices none of the more conventional qualities of spaciousness and comfort in its drive for power and speed. And its remarkable fuel saving features will cut your running costs considerably.
      225 words
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  • Article
    MEMO PAD
    770 3 SEMINARS AND COURSES May 4-July 11 (Mondays A Wednesdays) Mathematics for engineers and Technicians, Institute of Education, NUS Department of Extramural Studies May 7-June 25 (Saturdays, 2.30 to spm): Copper Tooling, NUS Department of Extramural Studies May 7-June 28: Introduction to Wordprocessing and Text Editing, Institute of Education,
    770 words
  • TRADE AND INDUSTRY
    • Article
      Tractors forms unit for selling used equipment
      522 3  -  By RICHARD SEAH TRACTORS Singapore will use secondhand heavy equipment to bulldoze its way into international markets and maintain the company's growth. It has formed a new subsidiary. Tractors Machinery International (TMI), to take over and expand the functions of its former used
      522 words
    • Article
      Small business congress to be held in Singapore
      477 3  -  By TSANG SAU YIN THE HEALTH of small businesses is important to a sound economy and by virtue of their larger numbers, they have social and political impact. The big enterprises on the other hand, while highly visible, are limited in numbers
      477 words
    • Article
      Consultant urges JTC to be more flexible
      402 3 THE Jurong Town Corporation should be flexible and allow its lessees to sell their investments in industrial properties. This would allow the industrialists to concentrate on their business, rather than tie up their money in mortar and bricks. This suggestion was made by
      402 words
    • Article
      EEc-Asean seminar to be held in Bangkok
      219 3 THE second in a series of five European Economic Community-Asean seminars on "Transfer of technology and socio-economic development" will be held in Thailand this year. The three-week residential seminar, sponsored by the Commission of the European Communities, will be held in Bangkok from
      219 words
    • Article
      Data General strives for a bigger market
      420 3 AMERICAN computer giant Data General Corporation is preparing for a bigger share of the computer market here in the next two years. The company may sell some $7 million worth of minicomputers in 1985 through its subsidiary. Data General Singapore. DG Singapore, which
      420 words
    • Article
      TRADE TALK
      153 3 A COMMERCIAL applications division has been set up by Boustead Engineering to handle the marketing and distribution of its range of fans, cooling towers and acoustic control systems and equipment. This follows the company's recent acquisition of the agencies for the products of The Marley Cooling Tower Co
      153 words
    • Article
      President of Korean contractor body here
      203 3 THE NEW president of the South Korean Overseas Contractors' Association is making a two-day visit here to familiarise himself with the overseas operations of Korean companies and to meet government officials. Dr Lee Seung Yun, who took office in March this year, arrived in
      203 words
    • Article
      New PUB equipment
      106 3 THE Public Utilities Board has ordered 400 items of electricity switchgear equipment worth $4.6 million from a British company. The 6.6 kilovolt non-extensible type main units for electricity substations in Singapore's public distribution network were ordered from Reyrolle Distribution Switchgear of Hebburn, north-eastern England. Reyrolle will make
      106 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      257 3 SL MARINA CENTRE DEVELOPMENT PTE UO SLMCD is currently engaged in the development of the Marina Centre Project which, when completed will comprise 3 luxury hotels, a large retail complex including 4 department stores, parking space for 2300 cars and various ancillary facilities. In line with its present and future
      257 words
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      Page 3 Advertisements Column 2
      186 3 No other hotel in Fenang can give you a conventionTiki the Rasa Sayang. v wc v J* *> k- V w£*i > I IFT k N ♦v. I -V Uci A 1 I f; -1 *P -I if,A« > ?fio? *3* We take your convention seriously. That's why we have
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  • OVERSEAS
    • Article
      Lock icon Reagan's call for IMF contribution receives support
      326 4 AP LEADERS of both the Democratic and Republican parties in the US Senate have supported a new call by President Reagan for a US$B.4 billion contribution to the International Monetary Fund to help poor countries in financial trouble. But basic amendments and attempts
      AP  -  326 words
    • Article
      Lock icon US takes issue with Unctad's stand on aid
      407 4 UPI THE United States has described as biased and prejudiced a warning by the Third World that said the West could not hope (or a sustained economic recovery unless developing nations received more aid. US representative Gordon Streeb said that developing nations
      UPI  -  407 words
    • WORLD IN BRIEF
      • Article
        Lock icon NEW POST FOR OBA
        377 4 Agencies THE Japanese Cabinet has approved the appointment of Tomomitsu Oba as ViceMinis ter of Finance for International Affairs, succeeding Kiichi Watanabe, who has resigned, the Finance Ministry said. Mr Oba's previous post of director-general of the ministry's International Finance Bureau has been filled by Kenzo
        Agencies  -  377 words
    • Article
      Lock icon Impact of drought in Philippines may be felt next year
      315 4 Reuter THE impact of prolonged drought In the Philippines will likely be felt next year rather than this season, agriculture industry sources said in Manila. But the Agriculture Ministry said a fresh problem caused by the eight-month-old dry spell is
      Reuter  -  315 words
    • Article
      Lock icon Tempers run high as election day nears in UK
      317 4 Reuter TEMPERS flared in the final phase of the British election campaign as opinion polls give Prime Minister Margaret Thatcher's Conservative Party an apparently unassailable lead. Labour's education spokesman Neil Kinnock sparked the latest row on Monday by saying it was
      Reuter  -  317 words
    • Article
      Lock icon Outlook for British equities market
      231 4 Reuter OVERSEAS portfolio investment in UK equities and bonds should reach record high for the rest of this year and 1984 if the Conservative Party is re-elected, said broker Tim Congdon of L Messel and Co. Writing in the broker's weekly economic monitor, he said
      Reuter  -  231 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      819 4 ARRIVALS Service Local Operator Number Time From SIA SQ11 0010 LAX/TYO PAA PA5 0015 JFK/SPO/HKG TMA TL331 0200 BEY BOM/KUL CAL CI343 0420 TPE HKG/KUL MAS MH601 0820 KUL CAL aoio 0855 JED/DHA MAS MH671 0906 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL RBA BI421
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    • Article
      Lock icon Japan fears new trade tensions with EEC
      353 5 Reuter JAPANESE officials are worried that a new increase in Japan's trade surplus with the European Economic Community will renew tensions with the community and revive demands for import curbs against Japanese goods. Tensions eased earlier this year when Japan pledged to restrain
      Reuter  -  353 words
    • Article
      Lock icon New round of Saudi shuttle diplomacy
      357 5 Reuter SAUDI Arabia, apparently concerned over deadlocked efforts to get Israeli forces out of Lebanon, has launched a fresh round of shuttle diplomacy in search of a way out of the impasse. But Middle East analysts believe the conservative kingdom is facing a tough
      Reuter  -  357 words
    • Article
      Lock icon Eximbank grants two loan guarantees
      260 5 UPI THE US Export-Import Bank has granted the first two loan guarantees under its new programme to help small American companies sell goods abroad many for the first time. It is the first time in its 49-year history that the independent US government agency has
      UPI  -  260 words
    • Article
      Lock icon DUMPING WASTES IN THE OCEAN
      134 5 AP A NEW United Nations report suggests that hazardous wastes may safely be dumped at sea. The report, issued by executive director Mostafa Kamal Tolba of the UN Environment Programme in Nairobi, Kenya, defines "hazardous waste" as wastes from chemical processes and those generated in
      AP  -  134 words
    • Article
      Lock icon Thai-US accord on textiles
      143 5 Reuter THAILAND and the US have signed a five-year agreement which gives increased quotas for export of Thai textiles to the US from 1963 to 1967. Thai Foreign Trade Department director-general Danai Tulalamba said the export quota for sheet cloth will increase by six per cent
      Reuter  -  143 words
    • Article
      Lock icon Reagan's adviser warns against deficits
      398 5 AP PRESIDENT Reagan's chief economist has cautioned that enormous US government deficits could dampen the still-young economic recovery and lead to an increase in unemployment as early as next year. The warning by Mr Feldstein on Monday, in a speech to the American Stock Exchange,
      AP  -  398 words
    • Article
      Lock icon Call for limit on tax cut
      164 5 AP US HOUSE of Representatives Speaker Thomas O'Neill Jr. declaring that economic recovery is not assured, has called for a US$7OO limit on this year's individual income tax cut and a sharp reduction in President Reagan's military budget to help pare federal deficits. Mr
      AP  -  164 words
    • Article
      Lock icon Chinese economy in danger of becoming lop-sided
      289 5 Reuter CHINA'S failure to control a rapid growth of misplaced capital investment is threatening the balance of the economy, said Vice-Premier Yao Yilin. He told the National People's Congress, which opened on Monday, that excessive spending on capital investment is exerting further strains
      Reuter  -  289 words
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      Page 4 Advertisements Column 1
      521 4 Editorial... page TO THE ASIAN JOURNAL SPECIAL FREQUENCY The Asian Wall Street Journal is Asia's only regional daily business publication, published Monday through Friday. Five days a week you get objective, in-depth coverage of economic and political issues affecting your business. You'll be better informed and better equipped to anticipate
      521 words
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      3 4 Feature pap C
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      107 5 whwn entre Quality design Quality finislies Quality maintenance Design Impressive bronze tower of glass between columns of rich Baltic Brown polished granite. Ideal for open plan layout. Ground/mezzanine designed for a bank. Finishes Carpets, curtains and wall coverings to all offices. Marble to lift lobbies, walls/floors of banking hall. Aluminium
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      Page 5 Advertisements Column 2
      180 5 m I ■> I wt (f >•> k r v I V it V x A A t* > tJV w Z j f Jr« f |Jj j >«' *> > *k ,:C :j*T In the Pavilion Inter-Continental Singapore every single detail has been designed with taste and thoughtful care
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  • Article
    Assistance in development
    473 6 A RICH MAN can help his poor neighbour in three ways: he can give him some money, help him start a small business, or spend lavishly until some of the money reaches his poor neighbour. Which is the better method will again be debated as Third World
    473 words
  • Article, Illustration
    Lock icon Thatcher poised to capture elections
    1328 6  -  In spite of overwhelming evidence that the economy is far from healthy, Thatcher and her Conservative Party appear headed for a comfortable victory in tomorrow's election. BARNABY FEDER explains this contradictory situation. BARNABY FEDER NYT BRITAIN'S blunt-spoken Employment Minister, Norman Tebbit, declared last week that
    NYT  -  1,328 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      102 6 Switzerland is the home of the Fondue. This is a communal meal where chunks of skewered brecul are dipped into a mixture of flavoured melted cbeesc. Say's Fxecutive Chef Charles Benz, a natiiv Swiss, "It's our custom that if )x>u lose your bread you must give your neighbour a kiss'
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      652 6 TWO-IH-OHE CROSSWORD CRYPTIC PUZZLE 1 Fruit to put right in your open mouth (5) 6 Stop shuffling aces one way (5) 9 Encroachment by a plover, possibly (7) 10 Lifted over the shoulders (5) 11 Carriages for grave occasions (5) 12 Wonderful American in a raincoat (5) 13 Coppers pounding
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      836 6 m 3.00 PM Opening folowed by Hotel (Mandarin/r) 4.25 Exercise With Gloria Gloria demonstrates the easy way to physical fitness. 4.45 The Animal World Strange Creature of GalapagOS 5.10 The Tool Movie: This children's programme explains how prehistoric man invented and used tools. The correct use of different tools is
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  • Article, Illustration
    Lock icon Guessing game shifts spotlight to recovery
    1088 7  -  By LESTER THUROW NYT WHILE "Will he or won't be reappointed?" (where •"he" is Paul Volcker, chairman of the US Federal Reserve Board) makes a -hice guessing game, the more important question is, I "Will it or won't it peter tout?" (where "it" is
    NYT  -  1,088 words
  • Article, Illustration
    Lock icon Video games losing out
    535 7  -  By ANDREW POLLACK NYT THE consumer electronics .show in Chicago this year is almost all fun but not all games. Last year the show Was almost all games but -not as much fun. This show, which opened on Sunday, is more fun because the exhibitors, who
    NYT  -  535 words
  • Article
    Lock icon Kuwaiti stock market crash continues to dog economy
    854 7  -  By BARRY SIMPSON Reuter THE collapse of Kuwait's unofficial Souk al-Manakh Stock Exchange in a flurry of worthless cheques nine months ago still hangs over the country's financial community like a black cloud. Many businessmen fear there is more bad news to
    Reuter  -  854 words
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      Page 8 Advertisements Column 1
      809 8 Where to wine, dine and entertain alll with the American Express Card mmm you dont alread y have ,he Card call *****33 for an application form" The Quest for Gourmet Adventurers r M j4 v hnOlHw>w At the Inn of Happiness. kYour search is over. The quest accomplished. Whatever you
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      Page 8 Advertisements Column 2
      241 8 m < v r t A great place to unwind with friend*. Let oar 3 talented bands entertain you with sensational music while you sip over a cool drink. 20% discount on ail drinks during happy hours (spm 7pm daily) Business hours: 11.00 am to I.ooam on weekdays, up to
      241 words
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      742 9 COFFEE: Robusta coffee futures were higher at midday, between £23 and £3 a tonne above Monday's close in traded positions. Futures volume yesterday morning totalled 1,592 lots and included 167 self trades. SUGAR: The number four raws sugar futures contract ended a moderate morning's trading with losses from
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    • Article
      SOYBEAN
      185 9 SOYBEAN futures in Chicago on Monday closed 4 V* to 6V« US-cents a bushel higher in moderately active trade. July ended near the top of an B'/« cent range. Heavy purchases of July by the Professional House, estimated at 6.0 million bushels, boosted prices early, with local late shortcovering
      185 words
    • Article
      WHEAT
      133 9 WHEAT futures in Chicago on Monday closed 2'i to one US-cent a bushel firmer in light activity. July traded in a 4 I A cent range. Trade anticipation that the soft wheat crop estimate in private forecaster Conrad Leslie's report will be reduced lent to the firm tone. Traders
      133 words
    • Article
      CLOSING PRICES
      32 9 Rubber: June 7 Singapore: June: 222.50 cents (down 0.50 cent) Malaysia: June: 244.00 cents (up 0.50 cent) Tin: M $30.56 per kilo (up 3.00 cents) 150 tonnes (down 66 tonnes)
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    • Article
      Produce exchange
      178 9 CHINESE Prsdaee Exchange, Singapore, assn closing prices per 111 kg yesterday. Cmhil «11: Bulk fob $117.00 sellers, old drum (in second hand drum) fob $130.00 sellers, new drum fob $134.00 sellers. Cspra: Mixed (loose) $68 buyers. Pepper: Muntok white pepper fob Asta NLW $360.00 sellers, Sarawak white pepper
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    • Article
      TEXTILES
      134 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CtttN yva: China Blue Phoenix 20b 2,520 32s 3,230, 40s 3,360 (per bale of 400 lbs). MUM n« Mttea: LSS 6.18, 4F 6.15, 289F 6.20; NT roller ginned 6.16 (per lb). CLOTH in
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    • Article
      RICE
      335 9 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.04, 100 per cent second class 0.76, 100 per cent third class 0.72, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-super 0.62, Special 0.56.
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    • Article
      Straits tin
      65 9 THE STRAITS UN price la PMaag yesterday rwe three eeats to MSM.S4 i klto, to DMve within the ITA tower raage sf M 529.15 aad —f» The tower tamver sf 1M tones, agate* a I »n Msaday, helped the buffer stock maaager to sappart the Market at a
      65 words
    • Article
      RUBBER
      203 9 RUBBER prices in Singapore yesterday closed slightly lower with June One RSS buyers quoted at 222.50 cents per kilo, down half a cent from Monday's close. Morning prices were unchanged on balance after a lower opening in quiet trading conditions. Afternoon prices were marginally easier on lack of buying
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    • Article
      RAS prices
      383 9 RAS prices tn cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f o b ***** 222.00N ***** 222.50N Int. 1 R.S.S. June 222.00 223 00 222.50 223.50 Int. 1 R.S.S. July 226 50 227 00 227 00 227.50
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    • Article
      SSR and SMR
      128 9 NOON SSR and SMR pnces vmt -erdav RA8 Ju (Carnal 1 NUI (Forward Mth> SSR 20 Bayer* Hellers Bunn Sellers (1-ton palletl 205 50 207 50N 206 50 206 50N SSR SO ll ton pallet} ***** 203 SON 202 50 204 SON MRELB Ju Jaly SMR CV
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    • Article
      PALM OIL
      137 9 THE Malaysian crude palm oil market yesterday eased slightly on lack of buying support in quiet trading. In June, south and central fell M 52.50 each to MJ837.50 and M 5832.50 per tonne respectively while north was unchanged at MSB3S. In July, south was traded at MJB32 50.
      137 words
    • INTERNATIONAL STOCKS
      • Article
        Wall Street slightly higher
        907 9 STOCK prices moved erratically most of Monday as investors remained cautious about the direction of interest rates. The Dow Jones Industrial Average, which had been off nearly five points at one point, ended the session up 1.20 points at 1214.24. The Dow Transportation Index performed better,
        907 words
      • Article
        Paris
        195 9 JUNE 08 rr» CORBEILLE Alr-UquMe «M B 8 N Ocmli Danone 1797 C 8 F (Thomson Caf)_ 106 Cle Frmncalae del Petroles 188.60 Credit Foneler De France 5M Hachette (Ubrmliia). IMS Machines Bull 38.90 Mlchelln ->7f Omnium 880 -4 -I -15 -10 -10 -0.1 41 30 reufeot Philip* (N*
        195 words
      • Article
        Frankfurt
        65 9 JUNE 06 Aef-Telefunken BASF Dm 74.00 142J0 133-30 339JOG 86 SO 525 00 n»m«f 318.00 17SOOE ***** DeuUche Bank OHH Hoecnat Hoeach 142J0 TO -0J 1.1 Horten 143.00B KaraUdt Ml 00 -J KHD MS 00 -1 Minnesmann Preuaaac Rw» ST A Scherlng ZHI 146 JO 25X00 11X00 moo -0.5
        65 words
      • Article
        Brussels
        88 9 JUNE 08 FORWARE Acec Fn MARK 576 ET 20 Arbed Aatur 1082 490 «n 4-17 Brmacan Canpac 1310 ltso 10 36 Cock 117 -2 D» Been 440 unch Ebe* 2280 Electrobel Qb-Inno-Bm 8000 2800 70 -an Oe» 3080 unch Or Bru Lamb no 30 Hobok 30 Pctro ZZZ S20O
        88 words
      • Article
        Zurich
        161 9 JUNE 08 Prancs Actions SuUae* 282 unch Alusuliae Br 748 -ft Almuuae Rm Brown Boveri Br 255 1285 4-1 -10 Clba Oet(y Br. 1915 unch Clba Oelfjr P C 1530 ft Clba OclQr Rm Credit SuIim Br TO -4 2000 unch Credit Sulne Ref 380 -4 Elektrowatt Br 2575
        161 words
      • Article
        Milan
        87 9 JUNE oe ure Bel ***** Centrale Ord Cond Acqua Roma Er Id an la 1773 145 90 Flat Ord 2787 Dim in Prlv Invest EE 3085 4461 2300 ItaJcementl Ord Italgu Leoetlt Ord ***** 901 ***** Mediobanca ***** -960 Mllano Am Ord 114! Mondadon Pii* JOT Montedison 138 SO
        87 words
      • Article
        TORONTO
        209 9 JUNE 06 AMtltX CI 23H 41 A Irnma 30 Bank Mont Jl% Ok Bank Not* Scotia 43* uneh Bell Tei |7H BP Can Ltd J4H X Braacan S3* tn Camp R«d Late Can Imp Bk m It Can Prm M( Carllnc OT«le M<t 1»* unch Cnbl M Lk 3BH
        209 words
      • Article
        JOHANNESBURG
        279 9 JUNE OC fUxvl A INDUSTRIALS A Alpha MO 5 Abercom 290 -ft AE And CI no unch Amwrop AW 1? 490 3300 -10 -90 Barlows 1300x d -m C O SmlU) 247^x6 -59 mi* 1560 Currlc Flntnct 300 -10 De Been Ind Edcon Edcan Ted Volk —id 475 -10
        279 words
      • Article
        Amsterdam
        192 9 ABN M0 JO 4 Ahold 141.10 4 Akan 5 07 00 AMEV ***** 4 1 0 88 20 -13 Amrobnk 56-30 09 Rr»l r «2 m Borwr ***** J 07 1J 12 Burtet 44 SO 4 r»* «i n Calv 307 00 7 Deli Mij 82 10 -04 318
        192 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      249 9 Dine Chinese with the Card K I? I C A N f «c. > f r;v: Enjoy a bottle of Hennessy KO on the house! Now, when you dine with the American Express Card at the Fortune Gate Restaurant and spend $225 and above, you'll receive a pint bottle of
      249 words
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      Page 9 Advertisements Column 2
      6 9 See Page 11 for Asian stocks.
      6 words
    • Advertisement
      Page 9 Advertisements Column 3
      76 9 losoantos new at the Lobby sar Locally renowned, the Los Santos now performing at the Lobby Bar. Hotel Equatorial. This group will capture your heart with their flair of music let it be Spanish. Latin American. Mexican. Tagalog. Japanese. Keronchong, Evergreens. Old Favourites. Pops. etc. They are simply fascinating. They
      76 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    3786 10 BID thd offer prices officially listed and htftiness in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots oI 1,000 units unless otherwise specified All Times Settlement Contracts are quoted after
    3,786 words
  • Article
    Unit trusts
    188 10 SINGAPORE UNIT TRUST (M>mm' prleaa tor J mm 1) The Commerce 3 46 3 68xd The Saving* Fund 2 04 2.17 S'pore Prog Fund 1.57 l.«7 S pore Sec Fund 2.36 2.51 S'pore Invert Fund 130 127 S'pore Equity Fund 1.53 1 62 DIAMOND MOT S'PORE (Ma—|wi' prieaa
    188 words
  • Article
    SHARE INFORMATION SERVICE
    3452 10 Gr'i Gr*a Net 1983 Company Last Div Div Y*ld P/E Vol Day High Low Sale or- CVr (•000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 286 235 Acma 261cd -2 7.5 28 305.0 3 261 261 342 148 Alcom 332 8 5.0 3.8 1.5 29.3 211 332 320
    3,452 words
  • Article
    In Kuala Lumpur
    2217 10 BID and offer price* officially listed' and business in and reported to the Kuala Lumpur Stock Exchange yesterday. with the number at shares traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS Metm (3.608) (SB) 3 58 (3) 362 (4) 3.36 (8) 3
    2,217 words
  • Article
    Share prices close mixed
    868 10 THE leeal stock market clsaed mixed yesterday, bat early baylag streagth packed the Bariaeas limes Campaslte ladex to a high far the year dariag the day. Eveataally, the all-eector ladex eleaed 1.3» palata lewer at »41.41, after temperartly sarpaaalag the prevlaas year's Ugh at HIM attalaed
    868 words
  • Article
    KL stocks face profit-taking
    542 10 HEAVY profit-taking on the Kuala Lumpur stock market yesterday took share prices to a mixed close. After opening generally higher, prices rose steadily in the first hour of trading but thereafter moved erratically for most of the day as speculators and investors cashed in on their
    542 words
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  • COMPANY NEWS
    • Article
      Van der Horst interim growth slows down
      384 11 MARINE and petroleum engineering group, Van der Horst Ltd has experienced a slowdown in its earnings growth at half-time. Group pre-tax profits rose 11.2 per cent to $2.64 million for the six months ended Mar 31 as against $2.37 million previously. For the
      384 words
    • Article
      COMPANY BRIEFS
      347 11 SHELL Refining Cnmpnny (FOM) Bhd has announced the resignation of Mr Mathias Lee as a director with effect from June 20. A new director, Mr Anthony William Head, was appointed on June 1. DUNLOP Estates Bhd has received approval from the Capital Issues Committee for its proposed ttro-for-one
      347 words
    • Article
      Pacific Chem to diversify
      136 11 Pacific Chemicals Bhd is evaluating opportunities to diversify and expand. This was disclosed by its chairman, Mr N Harrs, in his latest annual review. The company was "financially and technically well positioned" to do so. Demand for the company's products this year will continue to depend
      136 words
    • Article
      Trading in shares of MWE Holdings resumes today
      333 11 TRADING in the shares of MWE Holdings Bhd will resume today on the Kuala Lumpur Stock Exchange. Trading in the company's shares has been suspended since Mar 30,1961. Meanwhile, MWE said shareholders have approved the company's five-for-four rights issue at par at
      333 words
    • Article
      KL to expand motor industry
      330 11 THE MALAYSIAN car is only the first step in the country's march towards involvement in the whole spectrum of the motor industry. It will start with the manufacture of body parts for the Malaysian car and later manufacture small engines such as for motor cycles.
      330 words
    • Article
      Setron hopes for upturn this year
      245 11 SETRON (Malaysia) Bhd, which has incurred losses in the past two years, is hopeful of a turnaround to profitability this year, although conditions will still be difficult. Chairman Mr Wee Cho Yaw notes in his latest review that trading conditions have deteriorated since his
      245 words
    • Article
      Investment seminar
      104 11 A ONE-day seminar, "Investing and Trading Profitably in the Stock Markets of Singapore and Malaysia," will be held on July 9 at the Holiday Inn. The seminar aims at giving participants an insight into the techniques of trading in stocks and shares. Topics to be covered include market
      104 words
    • Article
      Razaleigh is against thin spread of loans
      719 11 MALAYSIAN Finance Minister Tengku Razaleigh Hamzah yesterday cautioned Malaysian bankers against the folly of lending excessively to any single customer or group of customers. Noting that the banking industry had enjoyed uninterrupted rapid progress since the *****, he voiced concern that banks may
      719 words
    • Article
      Earnings fall at Dragon & Phoenix
      163 11 Earnings fall at Dragon Phoenix DRAGON Phoenix Bhd has reported a 20 per cent fall in its audited pre-tax profit to M 52.06 million for the year ended Dec 31, 1982. The garment manufacturer and property developer has also announced a bonus issue of one-for-10. After a slightly lower tax
      163 words
    • Article
      COMPANY MEETINGS
      159 11 ESSO Malaysia Berhtl: Twenty-fourth AGM to be held at the ballroom, Equatorial Hotel, Jalan Sultan Ismail, Kuala Lumpur on Wednesday, June 8, at 10.30 am. GENERAL C*rp*ratt»s Berhad: Fourteenth AGM to be held at Hotel Equatorial, Jalan Sultan Ismail. Kuala Lumpur on June 9 at 11 am. PAN
      159 words
    • ASIAN STOCKS
      • Article
        Market finishes easier
        443 11 HONGKONG SHARE prices yesterday closed easier but above the day's low on sporadic local shortcovering but sentiment remained bearish reflecting the weak Hongkong dollar. Overseas traders were sellers in the morning but then withdrew, reasoning that any gain in share prices would be outweighed by the exchange
        443 words
      • Article
        Tokyo prices close lower
        402 11 SHARE prices yesterday closed lower in light trading on sporadic liquidation, with investors sidelined in the absence of fresh incentive. The market average lost a provisional 30.62 to close at 8,475.30 on a volume of 230 million shares, falling below the 8,500 level for the first
        402 words
      • Article
        Manila
        96 11 JUNE 07 Acoj* Mining Anglo Phil Apex Mining B AUu Con. B. Bagulo Oold Banc Petroleum Benguet Coil. B CDCP Pint Phil Hldgi Lepanto B. Marlnduque B Manteel lllllllllll, i unch unch -15 ***** unch -1 unch -0.1 -0006 -1 unch Oriental B PhU Oversea* Phllez B OOM 0017
        96 words
      • Article
        Bangkok
        141 11 LEADING shares yesterday declined further in the absence of buying and amid sluggish trading. JUNE 07 Bahts Aokham Thai Asia Fibre Ayuthaya In* unch And Trust 133 Bangkok Bank Bank Of Ajrudhaya 282 unch Ltd Bala She* Berll Jucker 383 unch Charoonf Thai Wire Firestone m First Trust 66-25
        141 words
      • Article
        Sydney
        424 11 AUSTRALIAN share prices yesterday fell sharply across the board in light trading, following a fall overnight in world gold prices in the wake of renewed fears US interest rates will soon rise. The market fell steadily throughout and near the close the All-Ordinaries index was down 11.3 at 603.6,
        424 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      235 11 OFFICIAL NOTICE PROPOSAL TO CHANGE OF We, Marcom Marine Services Pte Ltd, hereby give notice that In consequence of the Intended purchase of the vessel, motor ship 'Koryo Maru'. We have applied to the Registrar of Singapore Ships, under section 417 of the Merchant Shipping Act (Chapter 172, 1970 Edition),
      235 words
    • Advertisement
      Page 11 Advertisements Column 2
      43 11 I uss (Minimum balance j USSIO 000) MONEY ON CALL ACCOUNT 6 MONTHS 9% N.M. RothschM Sons (Singapore) Limited Ground Floor, Straits Trading Building, Battery Road, Singapore 0104 Telephone: *****1. Telex: RS ***** NMRSIN CaH *****71 for our competitive USsiSs foreign exchange rates
      43 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      166 12 Rises Indices M Flour 434 26 MBS 406 26 June 6 June 7 Nat Iron Grand Central 735 580 20 20 BT Composite 942.71 941.41 Dutch Baby 436 20 BT Indicator. *****0 *****0 A Enterprises 340 18 ST Industrials: 961.86 962.29 B Senbawang 470 16 ST Finance: 2518.10 2518.10
      166 words
    • Article, Illustration
      KUALA LUMPUR
      159 12 Rises Indices Mentakab 700 100 June 6 June 7 J Kuantan 660 60 MBT Index: *****78 *****46 Taiping Con 1010 50 NST Industrials 1329.01 1326.36 Utd Est 650 30 NST Finance: 2425.67 2414.24 H L Ind 900 30 NST Hotels: 658.76 658.64 M Flour 486 24 NST Properties:
      159 words
  • Article
    Dah Yung MD denies takeover bid rumours
    447 12  -  ■Bill Cnmoanies Editor: Mano Sabnani By CHOO AI LENG THE managing director of Dah Yung Steel Co (S) yesterday denied persistent rumours of a takeover bid for the company in spite of the fact that a large block of Dah Yung shares had
    447 words
  • Article
    S Kechik Holdings has 10.98 pc stake in K Kellas
    245 12 SYGD Kechik Holdings has disclosed it now holds a 10.96 per cent stake in Kinta Kellas Tin Dredging PLC. This was revealed in Kinta Kellas' latest annual report and follows hot on the heels of an earlier announcement by Straits
    245 words
  • Article
    LONDON STOCKS
    896 12 SHARE prices retained their firm tone yesterday in the run up to the UK general election, dealers said. At 3pm, the Financial Times index was up five points at 708.4. Most leaders gained, although dealers said trading was quiet with investors on the sidelines ahead of tomorrow's poll
    896 words
  • Article
    Selected Indices
    55 12 H.K.HANG SENG Tuesday ***** Monday 902.89 Week Ago 918.59 AUSTRALIAN INDUSTRIALS Tuesday 743.9 Monday 753.1 Week Ago 760.3 ALL ORDINARIES Tuesday 003 6 Monday 614 9 Week Ago 618.6 FINANCIAL TIMES INDUSTRIALS Monday 703.4 Friday 098 4 Week Ago closed DOW JONES AVERAGE INDUSTRIALS Monday 1214 24 Friday
    55 words
  • Article
    Renong PLC plans get FIC approval
    412 12 THE Renong Tin Dredging Company PLC (Renong PLC), control of which is now in the hands of Sparlstream Investments Ltd, has obtained approval from the Malaysian Foreign Investment Committee for its proposed acquisition of three property companies and proposed scheme of arrangement. This was
    412 words
  • Article
    MBF Corp shares start trading today
    200 12 TRADING la Ike shares of Malaysia Bane* Flaaace Carp (M) Bhd starts today on aa immediate delivery basis, under the secead trading secttoa of the flaaaee seettaa. Ike compaay has a paidup capital of Msst million made ap d 118 mlllaa shares d par
    200 words
  • Article
    CIC rejects Chin Teck bonus
    164 12 CHIN Teek Ptoitottw Bbd'g pripmi iNHtMM bNU lame ku been rejected by the Malay4aa Capital lanes Committee. The p— lane was first proposed by the compaay foUowtag ClC's and tke Malaysia* Treasury's approval sf tke revalaaitsa sf Its three estates. Chla Teeh's directors sahoeqaeatly decided
    164 words
  • Article
    Ulu Benut sub-division completed
    73 12 THE hlhUtWn sf each Ulb Bent Csasslldated Industries (M) BM share Into twt aew «hares sf M eeats ha* kcea completed aad trading d these shares on the Stock Exehaage sf Singapore will resume tsday. A total sf 14,233,2 m shares sf par value M cents
    73 words
  • Article
    Gentings has no power to enforce new ruling
    312 12 THE Pahang Religious Affairs Department has clarified that the operators of the Genting Highlands casino, Genting Bhd, are not empowered to enforce the ban on Malaysian Muslims patronising the casino. Announcing that the Pahang Sultan had issued an order, effective from today,
    312 words
  • Article
    Lock icon Mahathir tells Malays to shun lies about NEP
    426 12 Bernama MALAYSIAN Prime Minister Dr Mahathir Mohamad has called on Malays in the country not to be swayed by lies spread by certain groups that the New Economic Policy (NEP) benefits only a few Malays. He told the Malays to be vigilant
    Bernama  -  426 words
  • Article
    Bousteadco to take up share issue
    188 12 BOUSTEADCO Singapore Ltd has announced that its 85.4 per cent owned listed Australian subsidiary, Boustead Australia Ltd, will be issuing 20,000 cumulative redeemable preference shares of 50 cents each at a price of AJIOO per share. Bousteado has agreed to take up this entire
    188 words
  • Article
    Lock icon TRAFALGAR HOUSE'S BID FOR P&O
    93 12 Reuter A UK TRADE Department spokesman has said that no assurances have been given to Trafalgar House PLC that its bid for Peninsula k Oriental Steam Navigation Co PLC (PAO) would not be against the public interest. Commenting on a Times of London report that
    Reuter  -  93 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      134 12 Call l B.S.M. i EQUIPMENT LOANS Attractive deals for hire purchase or leasing of office/business machines and industrial equipment and machinery. CAR LOANS Up to 90% financing on new cars. HOUSING LOANS Up to 90% financing. Use of CPF savings acceptable. FIXED DEPOSITS Earn up to7 1 /4 interest p.a.
      134 words
    • Advertisement
      Page 12 Advertisements Column 2
      157 12 DO IT BEFORE YOU LOSE IT! All cars old and new are insured and some are parked in private garages. However you do want a 24- HOUR THEFT DETERRENT which is convenient and yet provide LIFE-TIME PROTECTION wherever your car may be, don't you? ln HAVE YOUR CAR NUMBERS ENGRAVED
      157 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      57 12 OUTLOOK for today: Showers in several areas in the afternoon. Bepart far 24 haars prlar U T.St pm n Jut 8 at the alrpart: Maximum temperature 31.7 Associated humidity 69 Minimum temperature 23.8 Associated humidity 98 Hours of sunshine 5.65 Rainfall in millimetres 14.0 Total rainfall for the month 29.7
      57 words
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  • SHIPPING TIMES
    • Article
      PKA's move to pave way for computer system
      315 13 THE Port Kelang Authority (PKA) is in the midst of streamlining documentation procedures to improve the overall efficiency of the port. This effort will also pave the way for the computer system that is expected to be commissioned later this year starting
      315 words
    • Article
      Nor bulk to start operating timber liner service
      569 13  -  By JAN LEE A NEW timber liner service between the Far East and Europe, Norbulk Cargo Services, will start operating later this month. Announcing the new service, Marathon United Agency, agents for the line in Singapore, said Norbulk will be using chartered
      569 words
    • PORTSIDES
      • Article
        Lock icon Shipping cooperation
        105 13 AFP INDONESIA'S Communications Minister has said the non-communist South-east Asian nations should increase cooperation in shipping to counter domination in that field by advanced countries. t Rusmin Nuryadin was addressing the Association of South-east Asian Nations (Asean), Federation of Shipowners Association (Fasa) meeting yesterday. Asean comprises Malaysia, Singapore,
        AFP  -  105 words
      • Article
        Lock icon Dublin strike ends
        103 13 Reuter A SIX-WEEK strike at Dublin's deep sea port ended when dockers accepted a compromise formula and withdrew pickets. The strike by about 300 dockers and checkers over manning levels had disrupted supplies going in and out of the port and stocks of petrol and oil in
        Reuter  -  103 words
    • Article
      INDEX TO ADVERTISERS
      808 13 Shipping Lime Page Col AC Toepfer VI 1 Afea V 4 Ahrenkiel Liner VI 5 A11 trans vn Alpac VI 5 Angonave IV 3 AnLara Shpg X 4 A PC Line VI 3 APL m 4 s Aqua Lines DC 2 Arabian Bulk X 3 Argentine IV
      808 words
    • Article
      Lock icon WEEKLY FREIGHTS
      739 14 AFP VESSELS carrying US grain to Japan were forced to accept lower rates on the freight market last week, following the recent increase of the draught in the Panama Canal. But in the trans-Atlantic USA-Europe grain trade, a modest improvement in tone was evident although conditions generally were
      AFP  -  739 words
    • Article
      General rate rise of 10pc in August
      198 14 THREE conferences covering the Pacific Basin have announced a general rate increase of 10 per cent with effect Aug 1. The conferences which will be implementing the rate revision are the 13member Pacific Westbound Conference, the 11-member Pacific-Straits Conference and the four-member Pacific-Indonesian
      198 words
    • Article
      Lock icon India eager to join world's box league
      821 14 Seatrade WHILE containerisation may be a dirty word in some developing countries which rather like the US and UK dockwork labour unions saw it in the late 1960s now view the everpervading impact of the box as a job-devoring monster, the ports of
      Seatrade  -  821 words
    • Article
      LONDON FREIGHTS
      1843 14 MODERATE grain chartering on Monday was seen from US ports, with freight rates generally holding steady, shipbrokers said. Business from the Mississippi to the Continent paid U559.25, while $20.50 was agreed for grain from the Gulf to Tartous, Syria. The slightly higher level of $23 was agreed from
      1,843 words
    • Article
      Lock icon US-Venezuela agreement
      129 14 Reuter VENEZUELA and the US reached agreement in principle on a formula to resolve a shipping dispute between the two countries, Venezuelan officials in Caracas said. The agreement follows complaints lodged in December with the US Federal Maritime Commission (FMC) by two US cargo carriers Delta Steamship Lines
      Reuter  -  129 words
    • Article
      The Consortia
      197 15 THE MAJOR shipping consortia operating between the Far East Europe, Far East Persian Gulf, Straits ports Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. AN'RO (STRAITS/AUSTRALIA): Australian National Line.
      197 words
    • Article
      UMS will not affect users of Panama Canal
      249 15 THE Panama Canal Commission has asserted that any adoption of the Universal Measurement System (UMS) will not affect users of the waterway significantly. The statement was made by Mr Fernando Manfredo, deputy administrator of the Panama Canal. Mr Manfredo had just participated
      249 words
    • Article
      Lock icon Long Beach port gets top spot in cargo handling
      218 15 TMR RESULTS for 1982 indicate that the Port of Long Beach has become the number one port on the US west coast in the handling of containerised cargo, and moved it into second place nationally for this category. According to port
      TMR  -  218 words
    • Article
      Lock icon Study on deep sea carriers offering container spaces
      379 15 Lloyd's List A NEW study of the world's deep sea carriers shows that the top ten operators provide slightly more than one out of every three container spaces on offer. Way out ahead is SeaLand Service of the US which provides over
      Lloyd's List  -  379 words
    • Article
      Lock icon Iraq will destroy vessels sailing in Gulf region
      355 15 Reuter IRAQ has issued a new warning to shipping and insurance companies that it will destroy any vessel sailing in the Gulf region which the Baghdad government considers to be a war zone, the official Iraqi news agency, INA said. It said
      Reuter  -  355 words
    • Article
      SHIPPING LIST where your ships are due...and when
      5337 20 SCHEDULE A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      5,337 words
    • Article
      Container Schedules
      797 21 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Ship Arrival for LCL Movement Voy Date/Time Operator Cargo Schedule Ijocation K Jacejin 19E 8.6.83 2100 Crown M FSB 0700-0900 0800-1000/1500-1700 F3 HI/HI Anro Aust ***** 9.6.83 0700 Jardine TA 3 Alva Maersk Hang Glory Plata
      797 words
    • Article
      WHO ACTS FOR WHOM...
      1956 21 The leading shipping lines operating from local ports and their agents. B Adriatic (aataiarr Continental Kwitep. iS i Cargo Freight < PK AFEA African Shipping Agencies (S) Pie Ltd Afra-Earaala I J»» Transgroup Pte l.td Si Ahreaklel Liarr Service Kim Shpg .Si Alfred f Sea Consortium
      1,956 words
    • Article
      SHIPS IN PORT
      475 22 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Barber Menestheus 45 Barber alongside 8.6.83/2359 Cangshan 46 Y Fung alongside 8.6.83/2300 Cherry Bagus 27/8 L Soon alongside 8.6.83/0600 Confidence 3/4 Guan Guan alongside 8.6.83/0600 Jumpa 33/4 Leo alongside 8.6.83/1500 Str Pride 20 SSPL alongside 8.6.83/2300 Vishva
      475 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      297 13 Everett Lines FOR THE MOST FREQUENT SAILINGS TO BANGKOK HONt, KONG JAPAN BUSAN CHITTAGONG Calcutta CHALNA RANGOON BUENOS AIRES CALLAO matarani Everett Steamship Corpn. S/A Clittiud Centre Singapore 1 Tel ***** 9 36 Beach Street Penang Rm 36 103 OCBC BW« Tel ***** 3 Poft Kdang Agents Harrisons Crostieid Tel
      297 words
    • Advertisement
      Page 13 Advertisements Column 2
      190 13 SSEALORDU UASC UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF 1 EXPRESS MULTI-PURPOSE SERVICES J r.mv i..?a Kuwait (24/6). Shuaiba (27/6). Jubail (30/6). Dammam (1/7), Doha (4/7). Dubai (6/7). Abu Dhabi (7/7) I FULLY CONTAINERISED SERVICE Iraa cargo acceptable intransit Accepting LCL cargo tor Dubai, Kuwait. Bahrain, Dammam. Mina Qaboos. Doha.
      190 words
    • Advertisement
      Page 13 Advertisements Column 3
      19 13 mm LONDON Freights WEEKLY Freights CONSORTIA SHIPPING Schedule WHO Acts for Whom CONTAINER Schedules SHIPS In Port REGIONAL Weather
      19 words
    • Advertisement
      Page 13 Advertisements Column 4
      970 13 a IRAQI LINE I r IMQ! STATE INTdPRISf fOR MADITIMf TIUMSFtRT SEMI-CONTAINER SERVICE BAGHDAD AQABA All other Iraqi destinations with througn B Ls Agents: UNI'«CIFIC TRANS ft TRAOINS ASENCT PTE ITO TEL: *****4 (5 LINES) SINGAPORE MAERSK LINE EXPORT FULL CONTAINER SERVin TO: U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA, INLAND
      970 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      374 14 r-# FAR EAST/EUROPE CONTAINER SERVICE From Europe Aha Acceptng For i) Barcelona. Genoa. 2) Amsterdam. Antwerp I Havre Basle UK. 3) Bremen Bremerhaven Aarhus Copenhagen Helsinki 4) Malmo Stockholm Oslo 'Accepting Europe cargo for feeder »ia S pore 'Also direct cargo tor Spore Bangkok Pis contact PtRMISC P Helang lor
      374 words
    • Advertisement
      Page 14 Advertisements Column 2
      452 14 m Y.S. LINE yAmashita-shinnihon line CONTAINER SERVICES USA/CANADA Pacific South W®»t Pacific North West Atlantic/Canada FN*T *SI famt act *51 LALB OAK kMtin IS »T KOI U) tt* 3/7 6/7 BEBHU M 10/7 U/7 l«/ 7 I 15/7 11/7 J APOUO 20/7 21/7 24/7 Mottwr VS. VAMASHU MM TOHBEI M
      452 words
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  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      448 15 The Straits Steamship Group D STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAtRSHP SERVICE TO/FROM BANGKOK BANGKOK AGENTS: BORNEO AGENOES LTD. BANGKOK TEL: *****50 QCL Overseas Containers Limited SERVICE TO UK/CONTINENT Le Havre S'tM •9/7 02/7 Abo accepting ICI and FCL cargo to Hong Kong TOD BAY
      448 words
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      Page 15 Advertisements Column 2
      320 15 fZB Franco Belgian Services (Fn Fa»f Frf.ch s»t» xcf «tk Rrhjxan tiir F.<is'«r»: iCf COMSO»TI(jm SWGAPORI fNQUIWS ???3744 CfS ???4041 Terminal ??GOOl5 Optorg Shipping Pte. Ltd Port Kalang *****1/2 Palalmg Jay* *****3/*****3 Panang ***** EL M A EMPRESA LINEAS MARITIMAS ARGENTINAS (ARGENTINE NATIONAL LINE) Aganta SINGAPORE iBBF"'"' Anglo-French TradingCo.Pte.Ltd. Aganlt
      320 words
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      687 16 rHapag-Lloyd I 10 CONTINENT UK EXPORTS S pore P KelangPen leuoes Genoa Hbufgßha»en Rdam Antwerp Bilbao Rtmt Ibduiwrs 25/6* 27/6 15/7 22H 10/8 •Via feeder service Tokyo Bay Tokyo Say Liverpool Bay Frankfurt Eiprtu Hongkong Upreti Bremen Eipress Kowtoon Bay City of EdMiagti Eke Eiprets Main Eifrm Ahter Eiprtu Rut*
      687 words
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      Page 16 Advertisements Column 2
      446 16 ItG.&LINE KNTIONAL SERVICE To/From BUSAN r OCEAN V 05N I V IMW'IWf SPOK PfNANG P KfLANG 9-10 kai 1114 kai 15 IS kn 17-19 km LY CONTAINERISED TO/FROM NORTH AMERICA WEST/EAST COASTS KdR IttWl MR SUN 221 IMOND 54£ tSTAI 21t KHT m ISTED lit MSOK4IE MS SEVEN 12E 10MA1
      446 words
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      Page 16 Advertisements Column 3
      465 16 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCEPTING FCI I ICI CARGO FOR AL SO ACCEPT*# I a FCI t FCI FCI TO GOIIf WURG AARHUS COPENHAGEN. OSLO STOCKHOLM HFLSMI BREMEN BREMERHAVEN VIA HAMBURG I MOON SOUTHAMPTON MANCHESTER BMMNGHAM 1 LIVERPOOL GLASGOW VIA FELIXSTOWE AMSTERDAM VIA ROTTERDAM EUROPE FAR tAST CONTAINER
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      Page 16 Advertisements Column 4
      925 16 Everett Lines m Burma Five Star Shipping Corpn "BURMESE NATIONAL LINE" LOADING FOR RANGOON MAN PtMSMWGVARTNA PAGAN HTMTINYWA HTONir«« h ft/I k*i 11/13 tot IS/17 lux 15 11 km 21/2* km f Kcijnf Pnunf 8 F SS C Agents m Valoyuo BOOSTEAD SHIPPING TEL NOS KL *****4/*****7—PKELANG *****1/8 PENANG *****1/8
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      Page 16 Advertisements Column 5
      365 16 mSINOSE MARITIME PTE LTD SUN UNION LINE KARACHI SERVICE SOUTtCRN CROSS SMGAPORE R.KELAMG PDMNC LOW) FOR June 2fi km Kar»cki ran relang pehang s*oy MMITM PTE LTD TEI *****44/7 ft *****70 BOOKMG SEtNAV SHPPMG COMPANY Ttl 222*352 3 MAIOSE MAftITNE SOU M) TEI *****2 3 MALAYSIA TRAM t TRANSPORT ITD
      365 words
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      1088 17 PIL GROUP VESSELS KOTA MEW AH KOTA WIS AT A KOTA WANGI KOTA JASA VOYAGE SINGAPORE LOADING FOR: E-441 IS/21 JUNE DJIBOUTI, HOOEIOAH, PT SUDAN, MOMBASA a/30 JUNE HOOEIOAH. JEOOAH. ADEN. AOABA, PT SUDAN 30/2 JULY HOOEIOAH, JEOOAH, AOABA, PTSUOAN, MOMBASA 20/29 JUNE HOOEIOAH. JEDOAH. PT SUDAN, MOMBASA. D'SALAAM, MOGADISCIO
      1,088 words
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      Page 17 Advertisements Column 2
      762 17 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE WITH IBERTT TO CALL AT RED SCA PORTS PENANG FED VTA SINGAPORE BIN ASIA CONTAINER SERVICE EXPRESS CONTAMER SERVICE STRAITS/TAIWAN/JAPAN Farif ki" S port f KtiangPtnang Km 0133 9/4 Sated Sated 15/* SIM l(/( 14/4 M 34 23/4 20/4 21/4 29/4 U24 29/4
      762 words
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      Page 17 Advertisements Column 3
      744 17 P.T. DJAKARTA LLOYD Indonesian National Shipping Line TO US* EAST/ NEST COAST N GULF TOUTS (FULLY COKTAJNEWSED VESSELS) STORE LA HOUSTON SAVANNAH KW TOM BALTIMORE IATARMTA to, m 1/7 2S/7 7/1 11/« 14/1 17/1 MAJAPAtfI tor MB l/l 29/1 10/9 14/1 11/9 20/9 Mu JIIM I t. GMmton N Orttam
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      Page 17 Advertisements Column 4
      617 17 BOUSTEAD SHIPPING AGENCIES BANK LINE EXPRESS INDEPENDENT SERVICE TO UK/CONT SPORE R'DAM HULL HMBG MEADOWBANK 27 June 26 July 29 July 1 Aug IVYBANK 23 Aug 19 Sep 21 Sep 25 Sep Lines U.S. GULF WRECT SERVICE S PORE lot Gait* 27/6 11/1 31/7 12/9 (•New Orleans, Mobile, Houston, Galveston)
      617 words
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      1515 18 jhb_- \*L"K"LINE KAWASAKI KISEN KAISHA, LTD. EXPRESS CONTAINER SERVICE feeder kssei stck Mono wssa torto rroM ASM STAR Vl2 10 ton feTOHKI MARU V7l 4 Jul 5 I BRIOCf Vl9 17 ton "KUROeEI MARU V 69 13 Jul 11 *u t MONK RUBI V 22 24 ton 'KURO6E MARU V
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      Page 18 Advertisements Column 2
      662 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Laa** tar LOS ANGELES SAN FRANCISCO StATTU. TACORAA «MCOMR B C *ccept*n fa/FCI Cant men P UM| S«*apotf I «M« PARAS' II Ma 12/13 km 10 k* AUSTRALIA EXPRESS CONTAINER SERVICE A<ctptn( fa/fa Cwi—ii P KfUnj Sparr MM Sy*i Aft* accfpts AAtOAS 14
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      Page 18 Advertisements Column 3
      636 18 KORINS MARITIME SERVICES B 114 Anson Road. 18-01, Tuna* Building, Singapore 0207. Tal: *****22 A *****67 P Kalang: Tal: *****1/8. RED SEA/PERSIAN GULF/MEDITERRANEAN SERVICES S pore Loading For. 12 June Bandar Abbas 26 June Assab/Aleiandna/Bengha2i/Tripoi 5 Auf Assab/Aieiandria/Benfhaa/Tripoi .30 Aug Assab/Aleiandna/Benghazi/Tripoi HAISBON HAEWOO NO S. HAfWOO NO 2. HAEWOO NO
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      Page 18 Advertisements Column 4
      657 18 ktl INTRASEA (PTE) LTD. 10 Ans.n Rotid. "27 16 lri»e»ri<itinriilt H<i/o. Sing<i|«>r«' 020/ ToI 2246*) t <1 0 I mev BREAKBULK SERVICE TO EUROPE/UK S pore P KeUnf Loodng for: ANANGEL WISDOM *****05 M Port RI>AM/ll<(AV0N) 'ASIAN FOREST *****07 19 km 15 June BOULOGNE/ANTWERP/ R DAM/UK (AVON) VESSEL LOAUNG AT
      657 words
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      448 19 101 TO EUROPE/UK (VIA SUEZ): C CONTMNER 21# HK CONTMNER 35*.... SS BRDGE 41* C ROZE 34* N GARNET 15* MERCATOft 31* Also accepting cargo to/trom Scandinavia C CONTAINER S'pore Closing Times: FCL Cargo 1400 10/6 LCL Cargo 0200 10/6 FROM EUROPE (VIA SUEZ) N GARNET 14E.. T* BRDGE 15E.
      448 words
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      Page 19 Advertisements Column 2
      601 19 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: BANGKOK. KEELUNG. BUSAN. INCHON 9® Vnut to 3 Mm to t Donjm )021l RjrtMW 304N Gtoru 301H n KM B*» KQ MCHON BUSAN OBCMMGMG OMIT */l 71/1 »/7 «/7 13/7 »/7 14/7 »/7 »/7 to 7 Dm*: 304* Gnoil Si»t< or
      601 words
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      Page 19 Advertisements Column 3
      736 19 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Sin|apore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** f KELAMG PfNANG M/S SHAMKAT WAH SOOH SON BHD IST AND 2NO FLOOR Ml THONG SHimNS 23 WeM Penang
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      Page 19 Advertisements Column 4
      99 19 V SOON KIAT SHIPPING PTE LTD 3 Shwlon Wa» #20-05 *?0 06 Sl*nton House S.ng»po.f 0106 TH *****88 <5 l.nes> R*****9 S*SH*> REGULAR SERVICES TO E*ST tOUTSJA ETA ETD DESTHATION In nt/6 BMtfi/K- Mat/Mri In 1/6 labuan/Muara 11/6 14/6 Sandakan/Tawau 13/6 15/6 Sandakan/Tanau »/6 10/6 Bintulu/Kudwi t/6 10/6 Bmhlu/Muara it
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      482 20 Ke<|ional Container Lilies Sailings Weekly fIJJLP Reliable Regular Punctual Berthing PSA 1500 Hrs Tuesday Saturday REGULAR FEEDER SERVICE TO PHUKET/SONGXLA VOY STOW SXU VOY STORE PHUKET RAT MM MM 137/131 Saitd Ikm 225/220 IS An 21 Jin RATAMA BHUM 139/140 2* km 29 km SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR
      482 words
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      237 21 jdjt NORBULK V -UM—J If NORBULK CARGO SERVICES LTD TIMBER AND PLYWOOD SERVICES JANGMI NBOI NORBULK NB 02 SPORE PORT KELANG 4/7 7/7 8/8 10/8 LOADING FOR: RDAM, ANT, UK do AGENTS: MARATHON UNITED AGENCY PTE. LTD. S'PORE TEL: *****66 K.L TEL: *****2 KELANG: S.P. YEO SHIPPING TRADING SDN BHD
      237 words
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      Page 21 Advertisements Column 2
      150 21 UK/COHWCNT FREIGHT MANAGEMENT PTE LTD 10 Anson Rood, #35-15 International Ptoza, Singapore 0207 Tel *****11 (12 Lines) Tele* RS ***** FRTMAN STJWfWf.Tlff.'MiVl-i'fn li| -ALSO ACCEPTMG CARGOf S f0« OTHER ALSO »CCtPIWG WBOUNO CARGOES FROM THE ABOVE PORTS SPLOSNA PLOVBA (YUGOSLAV) LOADMG FOR KARACH/BOMBAV Breakbulk and Containers SINGAPORE 25 Jun KARACHI
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      Page 21 Advertisements Column 3
      395 21 Nedlloyd Lines Loading to: M 11. llcflHl I' Fil T MEXICO/CENTRAL/EAST COAST SOUTH AMERICA VESSEL S'PORE I MANZ S.JOSE ACAJ C'BAL B'TOWN* P. OF SPAIN N.Nagasaki 13/6 16/7 20/7 22/7 26/7 1/8 3/8 N.Nagoya 10/7 16/8 23/8 26/8 1/9 7/9 9/9 N. Nassau 9/8 16/9 23/9 26/9 2/10 8/10 9/10
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      Page 22 Advertisements Column 1
      684 22 HEAP SENG TRADING SHIPPING PTE. LTD. 13-01, 13th floor, Golden Mile Tower, Beoch Rood, Singopore 0719 Tel *****44 Tl* R*****2 HEAPCO SMGAPORE TO NEST MALAYSIA SERVICE Acceptang Reefer containers Acs' Mdlaysu Agent Nedlloyd EAC Agencies (M) Sdn. Bhd Penang:Tel *****6 P. Keiang: T»l. *****1/7 BINTULU CONTRACTORS SDN. BERHAD il Padungjn
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      Page 22 Advertisements Column 2
      624 22 P.T. KALIMANTAN SHIPPING CO. LTD. IALAN TANAH ABANE I 123/175 lAAAATA m *****4. *****1. *****6 DIRECT WEEKLY SERVICE TO JAKARTA Daily receiving cargo at Marina Wharf T.A. 5 for direct weekly service to Jakarta/Tg. Priok. VESSEL NIAGA XXXXII VOY 9 DWY VOY 12 NIAGA XXI VOY 11 NIAGA XXXXN VOY
      624 words
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      Page 22 Advertisements Column 3
      516 22 ■jUiMiii tmtrn C.Y.Line (A member of the ACE Consortium) CHO YANG SHIPPING CO., LTDFULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S parc P KMnf Hint fDam f'rtsee M t**c Bran I'wp CNNA CONTUO V2l» 11/» 12/1 38 I 1/7 J/7 5/7 1/7 «/7 HONGKONC CQNT«m V3SN 11/ i 1»/S 7/7
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  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      171 22 Regional Weather 1 -A *61 4 'j v* m i V *5 m I $1 m i a 3k' w z ■O A > IS I) <♦; IS m s> IK SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c ,*->/ Win< Wind direction with speed in knots
      171 words