The Business Times, 18 August 1983

Microfilm: NL14154
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 67/1/83 THURSDAY, AUGUST 18,1983 60 CENTS
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  • Article
    ICS and Sagi are lead insurers of first phase MRT
    409 1  -  By LEE YOKE MENG TOTAL sum insured for builders' or contractors' risks in the first phase of the mass rapid transit (MRT) system is $3.6 billion, possibly the largest for any Singapore project. This will essentially be for material damages
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  • Article
    Lock icon Women still unequal to men in West, says ILO
    205 1 UPI WOMEN now represent one-third of the workforce in Western countries but are still far from equality with men. The International Labour Organisation (1LO) said on Wednesday that the world of labour being still a man's world was never more apparent
    UPI  -  205 words
  • Article
    Benefits start coming in from China's oil search
    454 1  -  By LOH HUI YIN ECONOMIC spinoffs from China's fledgling but potentially massive offshore oil and gas exploration activities are beginning to be felt in Singapore. Over at Jurong, a rig is being built for the American Occidental Petroleum group which will soon
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  • Article
    Lock icon Reagan may decide on unitary tax soon
    498 1 Reuter PRESIDENT Reagan, caught between angry US trading partners and financially strapped state governments, is likely to decide within a month whether to limit the taxes states can charge multinational corporations (MNCs). His dilemma arises from a recent Supreme Court ruling that a
    Reuter  -  498 words
  • Article
    Lock icon Study says robots will cause only minimal job losses
    349 1 FT THE Introduction of robots in Western manufacturing industry is likely to cause only negligible Job losses over the next few years, and could even lead to preserving employment in sectors such as the vehicle industry exposed to international competition. A
    FT  -  349 words
  • BRIEFLY...
    • Article
      SIA special bonus
      84 1 THE Singapore Airlines group will pay a special bonus to its employees at the end of this month in recognition of their contribution to the group's cost control and productivity improvement effqrts over the past year. The bonus mil be half a month's basic salary. SIA said
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    • Article
      Lock icon Soviet growth rote
      71 1 Reuter THE growth rate of the Soviet economy fell further in July after stabilising in June, Central Statistics Office figures showed. Economic production in the first seven months of 1983 was 3.8 per cent up on the same 1982 period after annualised growth of 4.7 per cent
      Reuter  -  71 words
    • Article
      Lock icon Emergency extended
      81 1 Reuter THE Sri Lankan government, trying to keep a tight security grip on the riot-hit island, yesterday extended a nationwide state of emergency for a further month, officials said. The emergency, first imposed on May 18 to deal with violence after polling in parliamentary and local elections, had
      Reuter  -  81 words
    • Article
      Lock icon Resuming talks
      100 1 Reuter JAPAN and the Soviet Union have agreed to resume official trade talks, the Japanese Foreign Ministry said in Tokyo. Tokyo suspended the annual bilateral consultations on trade as Kof Western sanctions against cow over Poland. The date and agenda of a new meeting was being worked out
      Reuter  -  100 words
    • Article
      Lock icon Steel may quit
      65 1 Reuter DAVID Steel, leader of Britain's Liberal Party, has threatened to resign in a dispute over his right to shape party policy, political sources said. The row could split the Liberals just when they are moving tentatively towards a merger with the fledgling Social Democrats, their partners
      Reuter  -  65 words
    • Article
      Loan pact
      70 1 FRANCE and Iraq have signed a US$l billion loan agreement aimed at covering Iraq's 1983 payments to French contractors, banking sources involved in the loan said in Paris. 4 .They declined to give the loan details, saying only that it would be at normal commercial terms for a
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    • Article
      Lock icon Electronics move
      54 1 Reuter CHINA, Sri Lanka, Senegal and the Philippines seek foreign investment in electronics factories that will combine their low-cost labour with modern technology, their representatives said in Vienna. The four nations are running a joint investment promotion programme in the electronics field with the Vienna-based United Nations Industrial
      Reuter  -  54 words
  • Article
    Singapore takes lead in Asian dollar market
    249 1  -  By TERESA LIM in Hongkong BINGAPOBE deariaated tke Mm iillir eerttßntM ef iepuit market la tke Brat kail af tMe ye*r. Mare tku IpveatrflHMkfalM tor— were made la «f--pare. AMwiac to the latest kaae af Adam Baaktog aad Cerperate Flaaaee, a wklek refalarty
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  • Article
    More financial institutions join billion dollar league
    412 1  -  By CHAN OI CHEE MORE banks and financebased Institutions have joined the league of billiondollar asset companies quoted on the Stock Exchange of Singapore. The assets of these companies have grown substantially, and in certain cases, faster than the average rate of most
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      226 1 Nikon AMERICAN economists expect the M-l money supply to show little change in the week ended Aug 10 Page l THE petroleum glut has chilled the enthusiasm for research on extracting clean, affordable energy from abundant but dirty coal Page f INDUSTRIAL production in the United States, spurred by a
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      Page 1 Advertisements Column 2
      199 1 THE CLUB THAT STANDS IN A CLASS OF ITS OWN v y y /Kizino ALL STAR POLARIS If it's long accurate drives you're wanting, the Mizuno All Star Polaris is for you. For woods, the heads are crafted from solid blocks of fine persimmon wood and dual weighted at the
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      Page 1 Advertisements Column 3
      174 1 the one and only Dr. Sony any day of the year *****1 The Son> Service Centre The top 100 companies by assets Table, Page 13 IMPORTING FROM NORTH AMERICA? Let the PRESIDENT give you a hand. 11 1 7^7 PoTr B m ESS M 3B 55 SINCE 1844 Foro«er '00
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  • BANKING AND FINANCE
    • Article
      Lock icon Economists forecast unchanged Fed policy
      425 2 Reuter US M-l money supply was expected to show little change in the week ended Aug 10, according to a Tuesday survey of economists by Reuters. Forecasts for the aggregate, now running above its target for second-half 1963, ranged from going up US$5OO million to
      Reuter  -  425 words
    • Article
      Lock icon Citibank NA drops takeover bid for Grindlays Australia
      311 2 Reuter CITIBANK NA has abandoned plans to take over merchant bank Grindlays Australia following a federal government ruling that the Grindlays operation must be 50 per cent Australian owned within four years, a Citibank spokesman said. Australian Treasurer Paul Keating on Tuesday
      Reuter  -  311 words
    • Article
      Lock icon APPROVAL FOR MELLON
      67 2 Reuter MELLON National Corp and CCB Bancorp have received approval from the Federal Reserve Board (or their previously announced merger. Mellon expects the merger to be completed shortly after the required 30-day waiting period. Terms for the merger call for Mellon to issue one-half share of its
      Reuter  -  67 words
    • Article
      Lock icon Grindlays Holdings to acquire stake
      348 2 Reuter GRINDLAYS Holdings PLC said it has agreed in principle to acquire Citibank's 49 per cent holding in Grindlays Bank in exchange for issue of 32.16 million new Grindlays Holdings ordinary shares, 48.61 per cent of an enlarged share capital. On completion Grindlays Bank will
      Reuter  -  348 words
    • Article
      Lock icon Amex rules out merger
      215 2 Reuter AMERICAN Express Co said it advised Alleghany Corp it will not proceed with its plan to acquire assets of Alleghany in exchange for 22.875 million shares of American Express common stock. The deal had been valued at about one billion dollars. American Express has advised
      Reuter  -  215 words
    • Article
      Lock icon Royal Insurance's US results may improve
      232 2 Reuter THE US general insurance market remains the main problem, though it offers the largest scope for improvement in comparison with other parts of the world, Mr John Howard, chief general manager of Royal Insurance Co PLC. Mr Howard on Tuesday told a press
      Reuter  -  232 words
    • Article
      Lock icon Argentine loan at last signed
      164 2 Reuter ARGENTINA on Tuesday signed a US$l.5 billion, fiveyear loan with a large consortium of international banks following formal approval of Buenos Aires' economic policies by the International Monetary Fund's executive board. The approval, which included substantiation that Argentina had lifted financial sanctions against Britain
      Reuter  -  164 words
    • Article
      LOANS & BONDS
      160 2 LOANS BONDS TAIYO Yuden Co of Japan said it is privately placing a SO million Swiss franc five-year convertible bond with Credit Suisse as lead manager. Payment date is Sep 1. Coupon and issue price was set on Aug 11. SUMITOMO Electric Industries is privately placing a 100 million Swiss
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    • Article
      Lock icon Japanese enterprises tap New York market
      279 2 NYT THE JAPANESE finance ministry, faced with a budget deficit forecast as rising to 10,000 billion yen in fiscal 1984 from this year's 7,900 billion yen and with a consequent shortage of funds on the domestic market, has given an unofficial go-ahead for semi-state
      NYT  -  279 words
    • Article
      Lock icon Reserve may be tax-free
      128 2 Reuter JAPAN'S finance ministry may exempt from corporate tax profits made by Japanese banks in setting up a reserve for possible loan losses overseas, ministry sources said yesterday. The profits were made when the banks sold portfolio stock holdings and repre- sent the diferrence between the
      Reuter  -  128 words
    • Article
      Lock icon SPOT GOLD TRADING IN YEN
      151 2 Reuter SPOT gold trading in yen for delivery in Tokyo, the so-called loco Tokyo market, is gradually developing and will in time become a major international spot market, trading house sources said. Mitsui and Co, Sumitomo Corp, Tanaka Kikinzoku Kogyo KK and Mitsubishi Metal Corp
      Reuter  -  151 words
    • MOMEY AND EXCHANGE$
      • Article
        Singapore market
        517 2 THE US dollar continued its descent on the foreign exchange market yesterday, its second consecutive day. Lower US interest rates and a fair amount of selling contributed to the greenback's decline in strength. Against the Singapore dollar, it was traded in dull conditions after opening at 5J2.1395/05. Trading
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      • Article
        ASIANS $ RATES
        179 2 ASIANS RATES ASIAN currency deposit Interbank rates as at 5 pm on Aug 17: Ufl D«ll»K(8Mt) Offer Bh3 7 days OH 0*. 1 month 915/18 0 13/16 2 months 101/16 015/16 3 months 103/16 101/16 6 months lOto 10H 0 months 1011/*****/16 12 months 10H 10* DM. SWJTS. 1 month
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      • Article
        PLR
        22 2 THE average rate at which major Singapore bank* are currently prepared to lend to their beet customers is 0.13 per cent.
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      • Article
        Discount
        45 2 RANGE at price* uttered by discount houses on Aug 17: Overnight: 3 Call deposits: 1 3 CM* Bsrtec MUX 3-month Treasury bills 2 9/16 27/16 3-month Bank bills 711/16 7S/16 3 months CD 7* 7 6 months CD 7V4 7H Source: National Discount Co
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      • Article
        Treasury bills
        42 2 THE Monetary Authority of Singapore has invited banks and discount bouses to tender for a total of $55 million 91-day Treasury bills to be issued from Aug 22 to Aug 26. Each tender must not be for less than *250,000.
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      • Article
        GOLD
        301 2 GOLD FUTURES in Singapore yesterday closed firmer on some European buying and a weaker US dollar. Trading was light with total sales for the day recorded at 99 lots and kerb volume at 396 lots. Prompt closed higher at US$42O/421 an ounce against $419/420 in New York, October at
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      • Article
        Silver quotes
        36 2 Mm PM MevYort 12J0B uoiv IWL'IL 12J66 t9 vn Ua iui ii aBB 12. MS fin Mm Singapore 12JSB li es Oortat pr tew In US dollar* a troy oua Source: Credit Suisse, S'pore
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      • Article
        Hongkong
        77 2 THE US dollar yesterday weakened in late trading against other major currencies, reflecting a change of sentiment and softer Asian dollar rates. Banknote rate* ynttrday: (HK per 1): US 7.40/7.« UK 11.05/11J5 Brunei H5/1.47 W Germany 177/1» Malaysia 3 1« 3.105 Philippine» 0 (05 0 62 Singapore 1463« (HK
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      • Article
        London
        70 2 THE dollar yesterday opened mostly firmer but began to weaken in early trading to be mixed against major currencies. Opening quotes yesterday: US 1.5012/52 Can 1 8545 TO Cross 1.2325/28 DMk 4.0075/110 DF1 4.4870/910 S FY 3.2368/408 B FY con 80.21/32 F FY 12.0565/780 Lit 2381.25/2384.00 Yen 366.90/367 40
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      • Article
        Tokyo
        63 2 THE generally held market view that US interest rates will not rise further depressed the dollar, which closed easier at 243.96 yen and 2.6685/6700 marks against 244.60/70 and 2.6740/55 in New York. Adjustments to the dollar's rise last week continued, with interbank dealers reducing their dollar long positions, but
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      138 2 Tf -3 X 0 Explore the exquisite taste of Japanese cuisine at the Shima and discover its subtle charm. From a wide selection of delicious set lunches to an elaborate a la carte dinner. Like Teppanyaki, Shabu-shabu and Yakiniku (Bar-B-Q) at our restaurant to the widest variation of Sushi at
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      Page 2 Advertisements Column 2
      82 2 A REFLECTION OF TASTE The Serie Big Director s Suite, from Mariani of Italy Big news for bosses who believe in the best Of contemporary ageless saddle leather, the director's desk comes with matching armchairs that tilt and swivel to your comfort. Also in the series: low cabinets, sideboards with
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  • TRADE AND INDUSTRY
    • Article
      Ng Soh secures another major contract
      324 3  -  By KOH TSE YING NG SOH Construction Company has secured another major contract a $16.13 million project which will bring the total value of its jobs in hand to more than $50 million. The contract, awarded last month by Sing Development Pte Ltd, is
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    • Article
      Tobishima Corp gets $5.7m sewer work
      197 3 A JAPANESE contractor, Tobishima Corporation, has won a $5.7 million contract to lay a 2-km long trunk sewer from Mandai Road to Stagmont Ring as part of the South Woodlands sewerage scheme. The project will be completed in two years. Work on the site
      197 words
    • Article
      Study on supporting industries' problems
      363 3  -  By TSANG SAU YIN A COMBINED study and survey of the supporting industries in Singapore is under discussion between representatives of three organisations the Economic Development Board, Singapore Manufacturers Association and the Singapore Institute of Standards and Industrial Research. The study/survey intends to uncover specific
      363 words
    • Article
      Twincem acquires Cormix agency
      385 3 TWTNCEM Shipping and Trading Company, one of the operating companies Jointly owned by Malayan Cement Bhd and Pan Malaysia Cement Works, has acquired a new agency line the Cormix range ot concrete admixtures from the United Kingdom. The agency appointment, made in April, marks Cormix's first
      385 words
    • Article
      Conference on foreign exchange risks
      314 3 NOT every executive needs to knew the foreign exchange market, bnt an understanding if hnw It wnrks does help. That nine happens to be the nlm of a forthcoming conference m foreign exchnngc rinks to help the flnanrtsl and mm flnaarlst manager to ininritmi the
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    • Article
      Bayer plans to move into manufacturing
      377 3  -  By JOHN LIM BAYER (Singapore) Pte Ltd, which has just moved into a $5 million building bousing four laboratories, intends to step into manufacturing. Managing director Helmut von Hagen said there is a lot of possibility that the company may expand on its 8,000-square-metre
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    • Article, Illustration
      TRADE TALK
      320 3 A RANGE of low profile rotary roof ventilators which do not require electricity to operate is now available in Singapore through John Lysaght. The ventilators, manufactured in New Zealand by CBS Engineering Ltd, come in a wide range of exhaust capacities and are suitable for building types from
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      135 3 6 I Si, ft i your buds tingle as your eyes wander a gustatory gala of succulent appetisers: seafood, soups, salads and charcuterie. Each day our Caiving Trolley will feature popular preparations of beef, lamb, ham or pork. Each week there'll be a fresh variety of six regional specialities. C6telettes
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      Page 3 Advertisements Column 2
      156 3 Electrolux Constructor is a household name at Tetra Rak. It can be found in Tetra Pak's warehouse, on flexible HI-170 Shelving and versatile PKZ heavy-duty Pallet Racking. In their workshops, on unitized construction workbenches And in their changing rooms, on clothes lockers. Tetra Pak. leader in modern packaging and distribution
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  • RAW MATERIALS
    • Article
      Produce exchange
      163 4 CHINEBE Prsdiee Exchaage, Btagapm, claaiag prices per lMkg yesterday. Ceceaat ell: Bulk fob $135.00 nominal sellers, old drum (In second hand drum) fob $148.00 nominal sellers, new drum fob $152.00 nominal sellers. Capra: Mixed (loose) $80 nominal buyers. Pepper: Muntok white pepper fob Asta NLW $350.00 sellers, Sarawak
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    • Article
      TEXTILES
      142 4 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CattM yan: China Blue Phoenix 20b 2,680; 32s 3,580, 408 3,770 (per hale of 400 lbs) PakMaa raw erttoa: LSS 6.40, 4F 6.38, 289F 6.45; NT roller ginned 6.40 (per lb). CLOTH in
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    • Article
      RICE
      329 4 9NGAPOBE: Yesterday's closing prices in S$ 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 0.73, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-super 0.60, Special 0.54.
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    • Article
      RUBBER
      287 4 THE RUBBER market in Singapore yesterday closed steady for the second consecutive day with September One RSS buyers quoted at 243.00 cents per kilo, unchanged from Tuesday night. The morning session saw prices fluctuating narrowly in thin trading, after a marginally higher opening, due to lack of inrerest. Prices
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    • Article
      ElRAS PRICES
      310 4 RAS prices In centa per kilo yesterday. Noon n<i» (per kilo) Buyer* Seller* Int. 1 R S.S. prompt f.o.b. 238.50 MOJSN Int. 1 R.S.S September MS 00 243.50 Int. 1 R.S.S. October 247.25 247.75 Int. 2 R.S.S. ***** 234.50N UK/Coot 231.50 233J8N Int. 3 R.S.S. 228.50 230JON UK/Coot
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    • Article
      SSR and SMR
      83 4 NOON S8R and SMR p IAS S8R JO (1-toa S8R iO Il ka —1 P*«l pM r limal Mill ly91 a 8#U#ff I1S-40 216 60N 210.00 212.00N Oetofcar Forward Mtk) wmtm Mm 21&.00 217.00N zii jo nuoN MB MS CV L ll-ta mriM tmjo MB MJW auo
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    • Article
      CLOSING PRICES
      30 4 Rubber: Aug 17 Singapore: September: 243.00 cents (unchanged) Malaysia: September: ***** cents (down 0.60 cent) Tin: M 530.16 per kilo (up 14.00 cents) 72 tonnes (down 38 tonnes)
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    • Article
      Straits Tin
      64 4 THE Straits tin prlee In Penang yesterday rose 14 eents to MfSl.lC a kilo, still within the ITA lower range tf to Dealers attributed the advanee to firmer overnight London advices and the buffer stock manager's sapport at the higher levels. He benght most *f the small supply
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    • Article
      PALM OIL
      135 4 THE Malaysian crude palm oil market yesterday closed off the day's highs on long liquidation in moderately active trading. In Aug. north rose MJ37 50 to MSI. 170 a tonne while south and central firmed MS2O to M 51.165. In Sep, central and south gained MS4O and MJ3O
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    • Article
      SOYBEAN
      217 4 SOYBEANS in Chicago on Tuesday closed locked bid up the 30 US-cent per bushel limit in all contracts except the distant November which ended 27Vi cents higher. All months set new contract highs, keeping the technical picture bullish. Tuesday's close broke the long-term downtrend line formed by the 1973,
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    • Article
      WHEAT
      179 4 WHEAT futures in Chicago on Tuesday closed mostly lower on a steady note after advancing to near the 20 US-cent upper limit in early trade, ranging from down seven cents per bushel in September to up V« cent in new crop. December posted a 29 cent range on the
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    • Article
      LONDON MARKETS
      1001 4 'COFFEE: Robusta futures yesterday were firm but fell Just below highs at midday. The Nov position ended at £1,707 a tonne, £12 above Tuesday night's close on a volume of 924 trades. Total volume was 1,874 lots including 166 crosses. Early commission house buying inspired mainly by chart
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      102 4 PATEK PHILIPPE Patek upon Patek upon Patek... r—■jl" i lir ill ..i.-»- 40*** stsm^ b s» %•/!>• pi m X, >/?' a** iv <% X #*r p»% iff I# vl/ TK i. i J J \v fcjSA Patek Philippe. A watch for Royalty, film stars, and Eastern Watch Co. Pte.
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      347 5 an exclusive holiday resort PANTAI DICKSON holiday resort is the largest single Fun and Business development of its kind in the country and perhaps in S.E. Asia. It is located 12 miles from Fort Dickson Town with easy access from the main road. The project when completed will serve as
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  • OVERSEAS
    • Article
      Lock icon SEC 'yes' to new rules on proxies
      218 6 Reuter THE US Securities and Exchange Commission (SEC) has adopted revisions to its rules governing shareholder proposals by proxy in an effort to eliminate abuses. The SEC voted three to one in favour of the revisions which were proposed by SEC staff. Under
      Reuter  -  218 words
    • Article, Illustration
      Lock icon French marines set up new posts in Chad
      368 6 AP THE French marine paratroop contingent in Chad was ordered on Tuesday to set up two new positions on the Chad government's "defensive line" facing the Libyan-held northern desert. The French defence ministry announced in Paris that the French rapid deployment operation
      AP; UPI picture  -  368 words
    • Article
      Lock icon Plan to keep nuclear data secret opposed
      335 6 AP A PLAN by the administration of President Ronald Reagan to cloak the United States' atomic weapons programme in greater secrecy drew opposition on Tuesday from colleges, librarians, newspaper editors, nuclear workers and environmentalists. The proposed regulations would give the US energy department
      AP  -  335 words
    • Article
      Lock icon Coal research hit by the oil glut
      326 6 AP TEN years after the world's first oil embargo, a petroleum glut has chilled enthusiasm for the research needed to extract clean, affordable energy from abundant but dirty coal, a leading coal researcher said on Tuesday. "The present reprieve should be viewed as
      AP  -  326 words
    • Article
      Lock icon UK keeps mum
      93 6 Reuter BRITAIN is keeping its code of silence on a reported statement from one *of China's leaders that Beijing would wait until 1997 to regain Hongkong. The Foreign Office spokesman, at a news conference on Tuesday, refused any comment on the reported statement from Chinese leader Hu
      Reuter  -  93 words
    • Article
      Lock icon Delays in releases expected
      153 6 Reuter MALAYSIAN rubber traders expect rubber releases from the International Natural Rubber Organisation (Inro) buffer stock into the market only when the five-day moving average daily market indicator price (DMIP) reaches 244* or 245« a kilo, an official monthly rubber review said. "One school of rubber
      Reuter  -  153 words
    • Article
      Lock icon 'Wishful thinking'
      238 6 Reuter DOUBTS over the size of International Tin Council (ITC) buffer stock resources to support prices are merely "wishful thinking," ITC buffer stock manager Pieter De Koning said. Asked to comment on a report in Tuesday's Financial Times that buffer stock funds must be nearing exhaustion in view
      Reuter  -  238 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      733 6 ARRIVALS Service Local Operator Number Time From PAA BA MAS MAS MAS SIA RBA GIA MAS CAL CPA SIA GIA PA5 BA14 MH601 MH671 MH811 SQ103 BI421 GA887 MH603 CB14 CX710 SQ105 GA960 0015 0045 0820 0906 0910 0945 1000 1020 1020 1030 1035 1100 1100 JFK/SFO/HKG
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    • Article
      Lock icon Coal project to go ahead
      348 7 AP CHINA and Occidental Petroleum Corp of the United States have agreed to proceed in developing a giant open-cut coal mine, but are discussing adjustments to cope with a "drastic drop" in coal prices, China's official Xinhua news agency reported on Tuesday. The project has
      AP  -  348 words
    • Article
      Lock icon Talks with China on new grain pact likely
      276 7 Reuter THE United States was likely to talk to China about a new long-term grain agreement, but might have difficulty getting the Chinese to agree to buy more than they were doing at the moment, agriculture secretary John Block said on Tuesday.
      Reuter  -  276 words
    • Article
      Lock icon Deficit narrows
      160 7 Reuter FRANCE'S second quarter current account deficit narrowed to a provisional seasonally adjusted 7.99 billion francs from a first quarter deficit of 26.06 billion, revised from 25.04 billion, the economy ministry said. In the second quarter of 1962 France had a seasonally adjusted deficit of 27.63 billion francs.
      Reuter  -  160 words
    • Article
      Lock icon UK retail sales index falls to 113.5
      251 7 Beater THE UK retell sales Ma fell la Jaly to a prsvlsteaal, seaaeaaliy adjasted 118.6, bass 1178, tno a reeord level at 114 la Jus, the trade and ladastry department said. la Jaly 1162, the Index steed at 166. Ike privhlsasl Jaly 168S
      Beater  -  251 words
    • Article
      Lock icon Recovery still far away
      157 7 Reuter FULL recovery of the Japanese economy is still a king way off because Japan is barely maintaining a positive economic growth rate, and this depends on rising exports and lower imports, the DaHchi Kangyo Bank said. It noted in a monthly report that other countries
      Reuter  -  157 words
    • WORLD IN BRIEF
      • Article
        Lock icon 'NO' TO U.S. ENVOY
        389 7 Agencies THE Kuwaiti government has rejected a proposed US ambassador veteran diplomat Brandon Grove because be had served as consul general in Jerusalem, the US state department said on Tuesday. Deputy spokesman Alan Romberg said the US "profoundly disagrees" with Kuwait's position that "because one of
        Agencies  -  389 words
    • Article
      Lock icon US housing starts dip by 0.6pc in July
      257 7 Reuter US HOUSING starts dedined by 0.6 per cent in July from June to a seasonally adjusted annual rate of 1,741,000 units, the commerce department said. Last month's decline followed a revised three per cent drop to an adjusted rate of 1,752,000
      Reuter  -  257 words
    • Article
      Lock icon US industrial output up by 1.8pc in July
      424 7 NYT INDUSTRIAL production, spurred by a sharp rise in car production and airconditioning during the hot summer, Jumped by 1.8 per cent in July, the Federal Reserve reported on Tuesday. The increase suggests that the recovery in the third quarter this year
      NYT  -  424 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      145 6 POSB-plus-CPF Housing Loan Package: Easily the most attractive in town V-5 i I I Slfl Oi/r housing loan package offers: A loan to top up your CPF savings to pay up to 100% of the property's value. Bridging loan facilities. The lowest interest rates in town: 1 10 years 91/2%
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      Page 6 Advertisements Column 2
      26 6 Editorial... page Pan Am's 7475P Daily At 7.20 am To Hong Kong. It Flies Higher, So You My Smoother. Pan Am.Yui ant Beat The I \|htkikv.
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      71 7 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 21st February, 1984 of: PHILIPPINE NATIONAL BANK 180, Cecil Street.# 10-01 Bangkok Bank Bldg.,Singapore 0106. We hereby certify that the rate of Interest payable on the above mentioned Certificates of Deposit for the Interest Period beginning
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      Page 7 Advertisements Column 2
      239 7 '^\Vi AR A residential ofrareluxury from Singapore Land! r UR ti> a Apartments nowieadjl for purchase oriental. Arcadia. The new prestige address in Singapore, in a park-like setting moments away from the expressways to Shenton \Vay,Changi and Jurong, and close to the most prestigious clubs in Singapore. The shops and
      239 words
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  • Article
    Coal research merits support
    506 8 Lots of chocolate for me to eat, Lots of coal making, lots of heat, Warm face, warm hands, warm feet, Oh wouldn't... it be lovely? It is indeed lovely that the world has lots of coal, not just to keep Eliza Doolittle of My Fair Lady
    506 words
  • Article, Illustration
    Training for head start in financial futures
    1327 8  -  By WANG LOOK KEAH in LONDON TRAINING of people will be high on the the Gold Exchange of Singapore's list of priorities to get Singapore's financial futures exchange started by the second quarter of next year. Although the exchange plans to employ experienced
    1,327 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      105 8 From the Jean Tonic Boutiques come intoxicating fashions served up cool and suave by Newman and Cacharel. Heady casuals and not-too-sober business moods, all slanted with that image-cutting Parisian flair. Shirts and slacks to dress you from boardroom to cocktails... and every casual encounter inbetween. Slip into the Jean Tonic
      105 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      730 8 iTsWIE 3.00 PM Opening folowed by Taiji Master (Mandarm/r) 3.50 Keep Fit 4.05 Hawai Five-0 Framed (r) 4.50 The Legend of Robin Hood (Part 2/ Last episode): King Richard makes a surprise visit to Robin and his men. 5.15 Flattand 5.25 Just Kiddmg 5.50 Animals, Animate, Animate Desert: Most people
      730 words
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  • Article, Illustration
    Lock icon Noble spirit down but not out
    600 9  -  By BRIAN CATHCART Reuter THE scotch whisky industry may be going through hard times but the distillers in Dufftown on the Scottish highlands are in no danger of losing faith in their product. "Let's be honest," says Mike Don confidently, his mind's eye ranging
    Reuter  -  600 words
  • Article
    Lock icon Japan's hard look at military role
    1216 9  -  By CLYDE HABERMAN NYT IN yet another August that marks the anniversary of its crushing defeat in World War n, Japan is caught in an intense debate over whether it is time to assert itself actively once again in world affairs. A growing number
    NYT  -  1,216 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      360 9 The exhAudtrury 3-yzar warranty'. WARRANTY CHAMPION AUDI 100 CD WARRANTY Vehicle Model: Audi 100 CD (Code: Vehicle Regn No: Engine No: Chassis No: Champion Motors (1975) Private Limited warrants that the above purchased Audi 100 is free from defect in materials and workmanship, according to current VAG Standards. This warranty
      360 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      786 9 0!*bO. WHY WERE YOU ACTING utf such a pompous jerk. AT THIS MORNING'S MEETING 5® W2JB\ m grtstr? (Z2 33 iii -11-OIE CBOSSWOED CRYPTIC PUZZLE ACROSS 1 Human chain (6) 7 Not an out-of-the-way thing to do (8) 8 Shakespeare's testament? (4) 10 Pursued by fellows (6) 11 Member with
      786 words
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  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      916 10 Where to wine, dine and entertain S! with the American Express Card "if you don't already have the Card, call *****33 for an application form" 10.30pm a tab i«»oad of 6 fhicUcn Rice.-- (igliqW® h,m prepared l" sl $12* SriI r v r Si. m liii W-> JiA TONIGHT a
      916 words
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      Page 10 Advertisements Column 2
      210 10 lO 010 Q&upcrb (ynhjiic > Cllf fttrballton <f> nil if?* < I 11 .t i <>iii M'II m <Hli I.IIIIOII* I'lllTI) K ill Im < t 111 lIIH II Ml\ I 11 4 111 .1 Si I\ 1 \V .1 111 I iiuinii iii Ihi 11 imi ii.iinini til |iiii\iiliil
      210 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon W Germany's chemical giants likely to pay higher dividends
      636 11 Reuter STOCK analysts are predicting higher dividends for Hoechst AG, BASF AG and Bayer AG after dividend cuts by all three in 1962. But the question remains whether dividends can be boosted back to the high 1981 levels as some sectors
      Reuter  -  636 words
    • Article
      Lock icon Sumitomo plans gallium output
      197 11 Reuter SUMITOMO Chemical Co Ltd said it plans to start production of 10 tonnes a year of crude gallium metal in October to meet increasing domestic demand, particularly (or computer chip and transistor production. Previously it imported the crude metal with purity at 99.9999 per cent,
      Reuter  -  197 words
    • Article
      Lock icon Forecast of fall in new capital stock issues
      140 11 Reuter NEW CAPITAL stock issues by Japanese companies on domestic stock markets will fall to about 600 billion yen in fiscal 1963, ending March 31, from 965 billion last year, securities house sources predicted. This compares with a record 1,793 billion in
      Reuter  -  140 words
    • Article
      New York lower on profit-taking
      1362 11 A SPREE OF profit-taking that began on Monday spilled over into trading on Tuesday, pushing stock prices moderately lower. The Dow Jones Industrial Average, which went as low as 1185.26 on Tuesday morning, ended at 1190.45, off 3.05. On the broader market, losing issues outperformed
      1,362 words
    • Article
      TORONTO
      199 11 AUO M C AMtlM AJcan Aifomm Bank Mont Bank Norm Scotia Ball Tat BP Can Ltd Braacan Camp Bad Laka Can Imp Bk Can Pnn Kg Oinp^ 1 Cartlna OKaafa CmURd Lk Cm Btbrt a A Comlnco Com ltarbenor nankoa Oantaon Dom Storaa Dam Tar PpflM lilXMS M 44
      199 words
    • Article
      JOHANNESBURG
      236 11 AUG 1* H and Trust Bk Un Steal fll in -1 INDUSTRIALS Unlaae taaa unch -28 HO unch BO -S MININGS A* And CI no 10 JST Bartow* C O Smith CNA Currte Flntnce Da Btm tod Pe3~vou Puglt OntMn HHeld Ub Hold! IjhiHia I.TA M And R Mccarthy
      236 words
    • Article
      Frankfurt
      44 11 IU 11.41 -CI Str™—»5K» «M uaw ZZ mm •u «u 4 1(1 JO nun mm mm UUD -u >u LA OanttOwM MUO ujxrh DacuHB aim"*' ui«B U l_ p. m it Lndu nut uncb MUO -U am ♦M u «u uua +u mm
      44 words
    • Article
      Brussels
      71 11 ADO M m Or Bra LmU an ♦a -a FOSWAKD Mi Aeac Attad JUT m ma *i Mrs Mi a Boc Oao IM Doflna Ml ♦a •a^ ♦a -a gar Dt BMI Dm BKtntMl Ob-Inno-Bm On im *m IN uach i 82 M neo .jo 8310 aw *m MOB
      71 words
    • Article
      Zurich
      62 11 AUG U Prmi as MO It UDCb hm BoiwT Br. CUM (MO i ♦0 -1 -M 1 cum a*CJ te cntnadaib CMIMM ta 23 tt ♦i r» 9 Oaarpi Wtfcf Br ■neb Hm Br. Bach* l/io Til a -A srn unci) m +> 4100 SO C fEi£5 Br 1M
      62 words
    • Article
      Milan
      38 11 AUO M Lira l.LlA J aw ♦in an 4-t ta FW Ord Oaoarmll an -a WM unch uioa +«a '-v a* -a «a +a mm -a «a> +sa ItaifM lasi LwUt CM aa -i 77 Source: BCI
      38 words
    • Article
      Amsterdam
      134 11 ADO M ru ABM AhoM 406-00 0 1MJ0 -0J Akan »mv TIM -1 I1U0 -0-5 Amlu 9000 iu>ch MJO U ST Mi rue +u MJO +1J BoO> MM 0 ru uneb Si 10 i Calami TJJO +1J CaJ* MB 00 *1 Dail Mtl ttonttr 75 00 +1 moo 1MJ0
      134 words
    • Article
      Sydney
      250 11 PRICES yesterday eased across the board amid further heavy trading due to the slight downturn on Wall Street overnight and to pre-budget apprehension. AUG 11 < Dnti INDUSTRIALS H u> su MO aa no Mi Wl ut unch -1 unch oaeta unch 41 -1 4 .Tf B*U Oroup Blue
      250 words
    • Article
      Manila
      124 11 SHARE prices yesterday closed mixed on a turnover of 1.14 million pesos, up from 1.12 million on Tuesday. The Commercial and Industrial Index was up 0.06 to 112.50, but the Mining Marker (ell 19.24 to 1,450.47 and the Oils Index 0.009 to 1.159. Alio n f»« WMl"* Apax Mining
      124 words
    • Article
      Market weaker!
      391 11 HONGKONG PRICES yesterday closed easier In sporadic trading with investors hesitant because of uncertainty over the political future of Hongkong. Tuesday's reports that China's secretary general of the Communist Party Hu Yaobang said the country will resume the sovereignty over Hongkong on July 1,1997 remained a psychological factor
      391 words
    • Article
      Tokyo shares close easier
      364 11 PRICES yesterday closed lower in light, lacklustre trading, with investors generally sidelined in the absence of fresh market factors. The market average lost a provisional 8.99 to close at 9,010.06. International populars closed easier in line with the modest fall on Wall Street, while steels and
      364 words
    • Article
      Bangkok
      116 11 SHARE prices yesterday again closed mixed with the cement group leading the activity in quiet trading. AUG 11 AoklitB Thai Babu TS^JT— P|!>t urr rm -i Bank Of Ayudhaya Ii4 in ■i Bau BImm Bsrtl Juckar 431 -a Cliartxnt Thai m ■4 First Trust <B«a uncb QooayMJ a 14
      116 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      164 11 international Measurement ana Inspection Technology Expo 6-8 October 1983 World Trade Centre Singapore Exhibition Supported by: American Society for Quality Control (ASQC), Sponsors of the U.S. Product Center at INSPEX SIRA, Inc (U.K.) U.S. International Marketing Center, Singapore Japan Measuring Instruments Federation (JMIF) Association of Electronic Industries in Singapore (AEIS)
      164 words
    • Advertisement
      Page 11 Advertisements Column 2
      247 11 INCHCAPE BERHAD (Incorporated in Singapore) The Directors announce the unaudited results for the Group (including companies' results) and for the Company for the half year to 30th June GROUP 1M >000 the share of the 1983. COMPANY 1983 1981 $000 $ooa Results The result reflects the continuing recessionary conditions which
      247 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2593 12 BID and offer prices officially feted aad business In and reported to the tS £Lriber*oT«han!a traded ehowa in brackets la lots of L«S uafts ualees othenrtee wpeciBed. IB Times SetUeaaeat Contracts are anted after the ward "sett". Big Board deals (la lots
    2,593 words
  • Article
    SHARE INFORMATION SERVICE
    3433 12 IMS Hi«k Low CoayuT Last Sale +orGr'a DW Dhr C"rr Gr'a YTd Net P/B Vol COOO) Day High Low t< M SBCTION ONB V. INDUSTRIAL ft COMMERCIAL SM an SM 410 ISO 300 388 sas 8 314 SM MB* wm m *n 1040 310 a SM S
    3,433 words
  • Article
    In Kuala Lumpur
    2164 12 BID aad offer prices «rfHri.ny bated •ad to »ad feyuitad to tie Kuala Lumpur Slock r» terday. with the number at ritarec traded riwwn in bracket* tn lota of 1.000 unlti nnlaaa otherwiee Redded. NXmiIAU AIM (188 IBS) (J) IB (7) IB AMD (3.C28 J.7OS) (1) 3JO
    2,164 words
  • Article
    Shares ease in quiet trading
    547 12 SHARE prims "Itl artxed to easier after moving fririiy wttMa 8 -WW tun aa the sleek mtM yesterday. Taraever alackrissHr Jl to°toto" alirrsJSr write risaaslHstlai their galas reaped aver the prwhai five seaslaas. They welacttea aaladteati™ ri eergatowra 'hy" nT'toTtl'lS Straits Tlbos ladaatilal lain MM
    547 words
  • Article
    KL prices fall on wide front
    459 12 APART from the plantationbased sector, share prices on the Kuala Lumpur stock market finished easier. The New Straits Times Industrial Index (ell 7.34 points to 1318.87. Total turnover fell sharply to 7.44 million units valued at M 338.13 million from Tuesday's 9.63 million units
    459 words
  • Article
    Unit trusts
    180 12 Ml UMgcn Prt ms far 18 BNQAFOBE UNIT TBUB The Commerce 141 The Savlnfi Fund 1.J6 S pore Prof Fund LM S pore Sec Food 121 2 S pore Invert Fund 1.13 S'pore Equity Fund 1.50 ABA UNIT RUR Mai Invert Fund 2.80 Mai Prof Fund LB Mai
    180 words
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  • COMPANY NEWS
    • Article
      Business Times mid-1983 Top 100
      1342 13 Latest 100 companies quoted on the Stock Exchange of Singapore in order of gross assets as at June 30, 1983 KM! k Company Baak Year Greas Greap Pald-ap capital at Jaae 1883 ($m) Pald-ap Greap DtvMead (•djaat. at Jaae 1882 eaatra aeeeaata mil) capital at
      1,342 words
    • Article
      Lock icon Singapore in top spot
      202 13 UPI EASILY the best place to make money over the past 13 years (or British Investors has been Singapore. A sum of £1,000 put Into shares In Singapore on New Year's day 1970 would have turned Into nearly £15,000 by the end of June this year,
      UPI  -  202 words
    • Article
      Seven newcomers make it into the Billion Dollar Club
      1479 13  -  By CHAN OI CHEE A GREATER number of listed companies have assets worth more than a billion dollars in spite of the reduced rate of corporate expansion during the 12 months ended June 30, 1983. Business Times' mid-year ranking of the
      1,479 words
    • Article
      COMPANY MEETINGS
      231 13 VENEER Predaets Limited: Twentieth AGM to be held at Happiness and Fame Room, 3rd Storey, The Plaza 7500A, Beach Road, Singapore 0719 on August 19 at 3 pm. a HWA Heag Maa afar taring Company Limited: EGM to be held at No 29 Jurong Port Road, Jurong Town,
      231 words
    • Article
      NOTES
      401 13 KEY: (S) Incorporated in Singapore. (M) Incorporated in Malaysia. (UK) Incorporated in the United Kingdom. F First year of listing. AA Not ranked last year. L Loss NOTEB: (a) Listing and quotation of 13,192 shares of H each arising from the conversion of convertible unsecured loan stock. (b) Bonus
      401 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      245 13 FINANCE SEMINARS These seminars are specially designed for personnel who have to operate within the context of Singapore Financial System. The focus of discussion will be on the daily problems faced by companies in their attempt to achieve corporate objectives in raising funds, minimising costs and seeking the best possible
      245 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      160 14 Rises Indices Smegei BmI MO 70 Aug 16 Aug 17 1140 80 Lj£TcJr»a A UUrprii«i 8 T P 1*76 C Safari N 8 0 P 635 +30 BT Composite: 918.41 915.27 Mi 906 1700 M0 +30 35 +30 +30 BT Indicator ST Industrials: ST Finance: *****28 957.00 2579.42 *****15
      160 words
    • Article, Illustration
      KUALA LUMPUR
      169 14 P Chem Kg Lanjut Seacorp Lion Corp Chin Teck DBS KLInd Sg Besl Rises 1450 480 1270 690 710 1030 720 825 Falls 460 830 535 565 530 530 580 730 +80 42 40 30 +30 +30 30 +25 Indices Aug 16 MBT Indicator: *****51 NST Industrials: 1326.11
      169 words
  • Article
    COMPANY BRIEFS
    396 14 INDUSTRIAL Oxygen Incorporated has received acceptances for a total of 12,634,875 shares from its rights issue of 12.75 million shares at M$1.60 each. There were also applications for a total of 926,360 excess shares. The 115,125 shares not taken up by shareholders will be allotted to applications for
    396 words
  • Article
    Central Properties interim profits up 5.9pc
    203 14 INVESTMENT holding company Central Properties Ltd has reported a 5.9 per cent rise in its group pre-tax profit to |6.69 million for the first six months of this year. Group revenue increased by 8.4 per cent to $7.09 million for the same period. At
    203 words
  • Article, Illustration
    Promet to build another major resort in Malaysia
    552 14 ■Hi 11 www w w Companies Editor: Mano Sabnani FAST-growing Promet Bhd has unveiled plans to develop a second multimillion dollar resort project in Malaysia, Just a month after it announced a proposed Ms 3 billion tourist resort in Pulau Langkawi. This
    552 words
  • Article
    CIC revises terms for acquisitions by Lion Corp
    394 14 THE Malaysian Capital Issues Committee has approved Lion Corporation's proposed bonus, rights and special issues as well as the acquisition of additional shares in Amalgamated Steel Mill (ASM) and the takeover of two other companies, subject to certain revisions. Lion's acquisition of
    394 words
  • Article
    MMC group companies produce mixed results
    575 14 FOUR companies in the Malaysia Mining Corporation (MMC) group have experienced mixed results for the year ended March 31, 1983. Suagei Besi Mines Malaysia Bbd registered a 17 per cent rise in pre-tax profits to M 55.2 million, while Kampong Lanjut Tin Dredging Bbd
    575 words
  • Article
    LONDON STOCKS
    799 14 STOCK price* were firmer yesterday OB riiortage of stock in subdoed trading having opened mostly lower, dealers said At Spaa, the Financial Times index was up 3.9 points at a record 738.7. Among the leaders, ICI was unchanged at 542 after 536 while Lucas was Sp higher at
    799 words
  • Article
    Lock icon Dow Jones higher
    91 14 AP NEW YORK stock prices opened mixed yesterday as the government reported a sharp rise in US factory use. The Dow Jones Average of 30 Industrials rose 3.25 points to 1,193.70 after 30 minutes of trading, erasing its 3.06-point slide on Tuesday. Airline, car, drug and financial
    AP  -  91 words
  • Article
    Selected Indices
    50 14 H.K.HANG SENG Wednesday 1026.13 Tuesday 1087.72 Week Ago 1029.74 AUSTRALIAN INDUSTRIALS Wednesday 822.8 Tuesday 823.3 Week Ago 811.1 ALL ORDINARIES Wednesday 879.1 Tuesday 680.8 Week Ago «88.4 FINANCIAL TIMES INDUSTRIALS Tuesday 732.8 Monday 732.8 Week Ago 724.7 DOW JONE8 AVERAGE INDUSTRIALS Tuesday 1100.45 Monday 1183-SO Week Ago.. *****7
    50 words
  • Article
    Boustead unit tie-up with Cook's KL business likely
    529 14 BOUSTEAD Travel and Tours Sdn Bhd, a whollyowned subsidiary of Boustead Holdings Bhd, is believed to be planning a merger of its operations with the Malaysian business of international travel group Thomas Cook Ltd. The much talked about merger like that of
    529 words
  • Article
    Ambassador acquires advertising agency
    153 14 AMBASSADOR Hotel Ltd has acquired a 51 per cent interest in a local advertising agency. The company said it has taken up 155,000 ordinary shares of $1 each at par in Mayer Response Advertising (Pte) Ltd. None of its directors or major shareholders has any interest,
    153 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      326 14 CMS CONSULT MANAGEMENT SERVICES an Associate of *VCK I'rainiiit; International, I .K. iuUernaln>nall\ known </s u lei/der in the held ot training in over 40 countries) presents the following courses BETTER USE OF FINANCIAL INFORMATION IN MARKETING AND SALES MANAGEMENT August 29 to 31,1983 For executives and managers who act
      326 words
    • Advertisement
      Page 14 Advertisements Column 2
      100 14 challenge of the eighties? An invaluable Text/Manual to persons in the accounting profession and a practical teaching guide HARD COVER Illustrated 331 pages Size: 202 cm 25.4 cm (8" x 10") S) PER COPY 6M TOPICS INCLUDE: Introduction to micro-computers Use of a uniform chart of Selection of a microcomputer
      100 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      60 14 iWEAT.HER g OUTLOOK for today: Scattered showers in the morning; fair in the afternoon. Report for 24 hears prior to pm an Aug 17 at toe airport: Maximum temperature 32.0 Associated humidity 69 Minimum temperature 27.0 Associated humidity 86 Hours of sunshine 7.20 Rainfall in millimetres Nil Total rainfall for
      60 words
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  • SHIPPING TIMES
    • Article
      Lock icon Decline in idle merchant shipping tonnage for June
      330 15 Agencies IDLE merchant shipping tonnage fell in June for the first time in two years because of an increase in oil shipping, the General Council of British Shipping said yesterday. A council spokesman said it was too early to tell whether the
      Agencies  -  330 words
    • Article
      Two conferences holding down rates on selected items
      483 15  -  By JUNE LIM THE two US-bound conferences are holding down their rates for selected items. Instead of levying a higher rate in line with the general rate increase, the conferences are lowering their tariffs for selected items. The Malaysia Pacific Rate Agreement
      483 words
    • PORTSIDES
      • Article
        Lock icon Bunker surcharge
        37 15 Reuter THE Australian and New Zealand/Eastern Shipping Conference said it will raise bunker surcharges to Australia to A 515.23 from $14.99 and those to New Zealand to U5522.67 from $22.21, both effective Aug 22. Reuter
        Reuter  -  37 words
      • Article
        Decline at German ports
        160 15 WEST Germany's 12 major ports continue to report drops in cargo volume handled, totalling some 9.71 million tonnes in June this year compared with 12.1 million tonnes for the same month last year. Statistics released by the West German Transport Ministry showed that West German ports
        160 words
      • Article
        Special consignments
        73 15 A TOTAL of 34 diesel electric locomotives and wheel assemblies have been shipped to the Indonesia State Railway on the American President Lines ships President Wilson and President Taylor. The special consignments of 46-ton locomotive units and 8-ton wheel assemblies came were loaded at the Port of Tacoma.
        73 words
      • Article
        CCNI expands service
        97 15 COMPANIA Chilena de Navegacion Interoceanica (CCNI) has extended its full container service between Chile and Europe to include the port of Calla in Peru. CCNI's service, started in April this year, uses Sea-Land vessels for the transAtlantic leg to New York, where cargoes are then lifted on
        97 words
    • Article
      INDEX TO ADVERTISERS
      722 15 Shlpptec Um PM* CM Ate* VI 3 Ahrenktei Liner VI 3 All trans vn 4 Alpnc VI 5 Antara Shpg X 4 APC Line V 4 APL m 4/5 Argentine IV 4 ASCL m 1 Asia broker V 5 Aria Merchant VI 4 Austaala Line V 1
      722 words
    • Article, Illustration
      Holiday packages from three cruise vessels
      415 16 CRUISE operators are gearing up for the coining yearend school holidays and Harpers Holidays has announced a wide selection of full-cruise and fly-cruise packages provided by three cruise ships. J The three vessels which will be deployed in Southeast Asia waters during the holiday
      415 words
    • Article
      Lock icon Datsun UK gets provision of port land from Bristol
      181 16 Reuter DATSUN UK Ltd agreed with the Port of Bristol Authority for provision of 15 acres of port land, with options on some 11 acres more as a vehicle handling and distribution terminal, the port authority said. A Datsun spokesman said
      Reuter  -  181 words
    • Article
      Robbery onboard ship
      122 16 A HONGKONG sea captain says two men boarded his ship early Tuesday, robbed him of several thousand dollars at gunpoint and tied him up before fleeing. U Pak Ping, 50, of a Hongkong-based shipping company, was docked at Cargill Grain Inc to load soybean meal before returning
      122 words
    • Article
      LONDON FREIGHTS
      1870 16 INCREASED grain chartering on Tuesday developed from the US Gulf to Japan with rates edging lower, Aipbrokers said. A vessel with 51,000 long tons of grain from the Gulf to Japan received US$l4, down 50 cents, while $13.25 was obtained for 58,000 tons over the same voyage. In
      1,870 words
    • Article
      Lock icon PORT CONDITIONS
      1239 16 The above information is compiled from data provided by the Singapore National Shipper's Council and other sources ALGERIA Algiers July 15th. Waiting times of about 5-6 days. ANGOLA Luanda and Lobito Aug 2nd. Berthing delays of about 1 day ARGENTINA Bahia Blanca July 25th. The port is seriously
      The above information is compiled from data provided by the Singapore National Shipper's Council and other sources  -  1,239 words
    • Article
      The Consortia
      194 17 THE MAJOR shipping consortia operating between the Far East/Europe, Far East Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. ••K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container
      194 words
    • Article
      Cast severs links with Eurocanadian Shipholdings
      334 17 THE separation of the Cast container operation from its parent company Eurocanadian Shipholdings has been completed with the new company, Cast 1983, formally merged with previous North Atlantic arch rival Sofati Container Line. The owner of the restructured operation is the Royal Bank of
      334 words
    • Article
      Lock icon Lines to withdraw from rate agreement
      124 17 Reuter FOUR Japanese shipping lines in the trans-Pacific Freight Conference (TPFC) will withdraw from rate agreement ***** covering the Hongkong and Taiwan/ North America Pacific Coast trade on Sept 12, shipping industry sources said. The four lines are Nippon Yusen Kaisha (NYK), Yamashita-Shinnihon Steamship
      Reuter  -  124 words
    • Article
      Lock icon New company to start ro-ro service in Thailand
      446 17 Singkok Post THE Thai Maritime Navigation Co Ltd, Canada National Group and Petroleum and Marine Services Co Ltd are expected to launch a new roll-on/roll-off shipping service in Thailand. The three companies will be the major shareholders in a company to be
      Singkok Post  -  446 words
    • Article
      Felixstowe system
      87 17 NEARLY 80 per cent of the port community at Felixstowe has signalled its intent to participate in a computerised customs clearance system. Contracts have been signed with shipping lines, agents and freight forwarders, who between them represent the bulk of all cargo movements through the east coast port.
      87 words
    • Article
      Lock icon NZ court refuses to grant injunction against unions
      204 17 Reuter THE New Zealand High Court has refused to grant an injunction to stop two of the country's maritime unions picketing ship 6 of the German-owned Columbus Line. Columbus Maritime Services, agents for the owners of 10 ships trading between New Zealand
      Reuter  -  204 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      6125 22 SHIPPING LIST where your ships are due and when SCHEPPLE 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
      6,125 words
    • Article
      Container Schedules
      773 23 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Arrival for LCL Movement Ship Voy Date/Time Operator Cargo Schedule Locatic Nantal7 4N5S 18.8.83 2300 Eagle Corp FSB 0900-1100 Q3 PTaft 129/3 19.8.83 1500 APL TA3 1000-1100/2000-2130 L3/L3 1100-1300/2130-2300 N3/N3 B Dahlia 211/83 19.8.83 1100 LeoShpg
      773 words
    • Article
      WHO ACTS FOR WHOM...
      1672 23 The leading shipping lines operating from local ports and their agents. A-B Atrialte Cirtihii Continental Feeders (S) Cargo Freight (PK). inu African Shipping Agencies (S). Ur*-EVMIt Um Transgroup (S). ikiaMil Um Service Kim Shpg (S). AIM C Taepier Sea Consortium (S)/ Martntex Enterprise (PK). Alpae Intrasea
      1,672 words
    • Article
      SHIPS IN PORT
      518 24 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival 1 Departure KEPPEL WHARVES i Genevieve Lykes 10/11 Bo us te ad alongside 18.8.83/2300 Nagano Mara 35/6 Borneo alongside 18.8.83/1700 Nippo Mara 19 Sharp alongside 18.8.83/2300 Osip Pyatnitskiy 18 S'pore Sov alongside 183.83/1500 Perils 21W SSPL alongside 18.8.83/0600 Sinaloa 31/2
      518 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      261 15 rV 1 HEUNG-A SHIPPING \WJ KoreaßagVsts Regular Liner Semi-Container Service To: P. Kdani/Penanf/Bancfcok/Kedunc/ Bus an/Inchon Fm: Busan/Moji/H. Konf S'pore Ajent: Neptune Agencies Pte Ltd Tel: *****11 P.K. *****4, PN *****5 K.L. *****0 II KM)®? U LONDON Freights PORT Conditions CONSORTIA MUMMMMMMtM SHIPPING Schedile WHO Acts (or Wh*m CONTAINER Sekedmlee REGIONAL
      261 words
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      Page 15 Advertisements Column 2
      355 15 13SEALORDII3 UASC UNITED ARAB SHIPPING CO'SAG) iii' 11:4 k!i. 4 N k EXPRESS MULTI-PURPOSE SERVICES S'ptrt Loading for Brtakbuft Jubail (6/9), Kuwait (9/9), Dammam (13/9), Doha (16/9), Abu < Dhabi (19/9). Dubai (22/9) FULLY CONTAINERISED SERVICE m aran ALMANAKH U Mina Qaboos (11/9), Damman (14/9), Kuwait (15/9), Abu Dhabi (17/9),
      355 words
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      687 15 I $>cnan I J Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents: WHMCIfIC TBMB A TRABMfi ttWCTfTL ITI Tel: *****4 (5 lines) SINGAPORE Q *r MAERSK LINE EXPORT FULL CONTAINER TO: UA PACIFIC, GULF, ATLANTIC, EAST CANADA, INLAND j 11,11 i 20-20/1 29-29/1 3-3/9
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      Page 16 Advertisements Column 1
      459 16 mil FAR EAST/EUROPE CONTAINER SERVICE From Eur I Mm Height far I) Barcelona. Genoa. 2) Amsterdam Antwerp. I Havre. Basle. UK. 3) Bremen. Brernertianvn Aarhos Copenhagen. Hebnki 4) Malnyi Stockholm Oslo •Acceptmf Europe carpi lor feeder via S pore *Aho direct cargo tar Spore I Bangkok Pis contact PIRMSC P
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      Page 16 Advertisements Column 2
      624 16 NOTICES ANNOUNCEMENT CEYLON SHIPPING CORPORATION SRI LANKA FAR EAST CONTAINER LINER SERVICE In view of the recent disturbances in Sri Lanka and the subsequent disruption to the Port of Colombo, although the sailing schedule of Sri Lanka/Far East Container Service was somewhat disrupted CSC is pleased to be able to
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      730 17 The Straits Steamship Group i oci Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok SERVICE TO UK/CONTINENT 21/1 U/0 13/1 14/9 If/) myomi a/» 2M 22/) »/> 2f/) 2»/) tl/lt E2?E!J.?ES. U/ 14/1 «7/lt «/l» 11/11 HOIIt KONG OWPS 21/) 12/11 14/10 IVII 17/11 77/)
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      553 17 fja Franco Belgian Services if- fr, Sri m i ;iiT»r r /\m rv \rr I rox'.Of STOK P. mMK li Hurt fta rStMN Han nimi M t'taa KWi tltiin lan 11 iis 2S ,«S sa 14 S 15 omDua 22M 77M av itr lit? Sal 29*1 30% U>¥ 17 Sap*
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      676 18 EXPORTS I S ton H'buri 8 Itavtfl fttom, I* Ht»i« r»/8 21/S 1/1 U/l 28/8 15/9 17/1 «/1 5/1 23/1 25/1 Uprow 12/® 14/1 3/10 5/10 13/1 14/1 17/1 11/1 20/1 22/1 27/1 21/1 30/1 7/10 S/10 10/10 Hm*o* Opron 11/1 21/1 10/10 12/10 14/10 15/10 17/10 frwaApwt 27/1 21/1
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      370 18 FULLY CONTAINERISED SERVICE 10 EUROPE Vl* Silt/ 1 Member ol thf Ace ComotUuTT "'i.' 'r" 'r FROM EUR Off Vl* SUF/ 1 > MemOe* o) thf Ace Cooswlmp FUll Y CONTAINfRISED 10 (ROM NOR'M fiMfPl( aMM COHM N. atniM m 0 KNGHT 131 oiHi UE AGENTS: STORE CROHN MAINE CO
      370 words
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      Page 18 Advertisements Column 3
      472 18 (f) EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCCPTMG fCt I ICI CARGO F<* "I IBS FIJI KM um imm iHuTI *4/1 *1* U£ lin a/» L*" v> a/> n/i a/j a/) 2/10 7/,# U/M 12/11 14/11 mm icctrrm ta/ra t fa/fa to eonmK AMMB. CVOWMOL WO STOCWBUI WUMa Mil iNoraat
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      Page 18 Advertisements Column 4
      537 18 Everett Lutes Burma Five Star Shtppin9 Corpn. jßk "BURMESE NATIONAL LINE" LOADING FOR RANGOON S>n PJMmi Pa«| PAGAN 23/25 A* NTOCTHI 1/3 U* B-F S S-C- Agent* in MotovsM BOJSTEAD SHPHNG TEL NOS KL *****4/*****7—PKELANG *****1/8 PENANG *****1/8 ACOWCHOIA 29/39 s*t COMPANM PERUANA DC VAPOREES (C P V.) "PERUVIAN STATE
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      Page 18 Advertisements Column 5
      249 18 US I NOSE MARITIME PTE LTD SUN UNION LINE KARACHI SERVICE mtmmi pjslmc pomnc lom> for MHO M/l 2t/t MMCN k a/i M/a mm mmibc nc iia m aMMA/i a mint i* t7tu t um com m. zzzuu/i TO. M77BJ «T lit KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC
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      Page 19 Advertisements Column 1
      908 19 PIL GROUP VESSELS KOTA PETAM KOTAMAJU KOTASALAM VOYAGE E-457 E-4SI EAST AFRICA/REDSEA SERVICES SINGAPORE LOADING FOR: 28/2 SEPT HOOEIDAH. JEDOAH, PTtUOAN. MOGADISCIO, MOMBASA 2/8 SEPT HOOEIDAH, JEDOAH, ADEN S/10 SEPT HOOEIOAH, JEDOAH, A GAS A, PONT SUDAN ACCEPTING CONTAINERS TO HOOEIOAH/AQABA/PT.SUDAN/MOGADISCIO SURABAYA SURABAYA PACIFIC INTERNATIONAL LINES PTE LTD PIL BLDG
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      Page 19 Advertisements Column 2
      688 19 BENLINE CONTAINERS 10 t UMOff PMC, Hamburg Eipress Tokyo Bar 23/1 littrpool Bay 30/8 Frankfurt Eiprtss 7/9 Noflfionc Eiprtss 12/9 Brtmtn Eiprtss 20/9 Kowtoon Bay 27/» lo*io Eiprtss 5/10 os*» Bay 10/10 own Car*» Bay SaM SaM Lntrpoa Bay SaM SaM WITH LKRTY TO CALL AT ISO SEA PORTS PENANG
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      514 19 DJAKARTA LLOYD INDONESIAN NATIONAL LINE TO US* WOT/ EAST COAST H GU.F TORTS (FULir COHTWNDWSO) VESSELS) STOK LA HOUSTON SAVANMH MITMOK NFW TOM HAlf AI SOW* 5 5/» JM 13/W 17/11 20/10 22/11 25/11 Mm acca*ta| cap tar NaM Galmtw N Orion Charitstan. Itartafc. rMad*ta> TO TMWAM AM) S. KOREA
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      Page 19 Advertisements Column 4
      522 19 BOUSTEAD SHIPPING AGENCIES BANK LINE EXPRESS DEPENDENT SERVICE TO UK/COIfT ■wiAyv S f* E M HULL HMBG IVYBANK 2 Sep 25 Sep 27 Sep 30 Sep CLYDEBANK 20 Sep 15 SS 18 Oct 21 SS Lukes/ 4 Lines (•New Orleans. Mobile, Houston, Galveston) (Accept* break** far PUERTO MCO. BELIZE via
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      Page 20 Advertisements Column 1
      1484 20 K LINE KAWASAKI KISEN KAISHA, LTD. PACIFIC COAST (taelktag DESTINATIONS INLAND via IPI/MICROBRIDGE MINILAND BRIDGE) STOBI INITIO KSSEL I/Sffil LA/IB OMOiW SEATTLE nam urn w su mport 19 pacbc abropi »i» <tk> 3Sept issept is s«pt >U ».«n«. ra UONS BATE B«E *14 (TK) I Sept II Sept KANSAI nasi
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      Page 20 Advertisements Column 2
      508 20 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE lM*| tar LOS MIK SAM FtMCBCO KATTU. TftCORM. ra/ra ca**»i VMCOMa i c >P*lA*" l/IM 4/5 Sap) 1 Oct AUSTRALIA EXPRESS CONTAINER SERVICE feu** ra/ra mm 20/21 22/23 4 Sap IS/liSapt 17/11 Sapt 30 Sapt 12/U Ocl 14/15 Oct 22 Oct 30/31 Oct
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      Page 20 Advertisements Column 3
      491 20 KORINS MARITIME SERVICES 114 Anaon Road #18-01, Tuna* Building, Singapora 0207 Tal: *****22 A *****67 P Kalang Tal: *****1 /8 RED SEA/PERSIAN GUIF/MEQUERRANEAN SERVICES /A\ ASIA MERCHANT MARINF SEMI-CONTAINER SERVICE USA SERVICE PACFIC/GULF/ATLAimC PORTS S port Indonesia Kuchinf Loading for HACRARMU i 11 u* as* L*» Ancatn/HaMstan/ Hi/MMMIi PANT ASS
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      Page 20 Advertisements Column 4
      585 20 srvmAstAim BREAKBULK SERVICE TO EUROPE/UK S port p. Kdrni Lea*c torNORASM *****13 2 S«pt 5 Sapt ANTWERP/fDAM/M (MM) ALP AC LINE S port p Ketant ImA* tar ALPAC AFmuitrm s s«pt 9w* MAißrnus/oiRBAN/cAPCToiiN (tassel Laa6n| at Rata Kctabafc wrasea (wt) li» mam 22etsii 1 "f** wik co a* mm.. «io».
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      Page 21 Advertisements Column 1
      680 21 NEPTUNE ORIENT LINES LTC FAR EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE/UK (VIA.SUEZ): 0 CHEF 35W+ 21/8 HKCONTMOXW 29/8 SS BMDGE 42W. 3/9 CCONTMO22M 10/9 CHOZE3SW 16/9 NGMMETIfff 22/9 Abo accepting cargo to/from Scandinavia 0 CHEF S'pore Closing Times: FCL Cargo LCL Cargo FROM EUROPE (VIA SUEZ) *Cf 1400 20/8 0200
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      Page 21 Advertisements Column 2
      453 21 HEUNG-A SHIPPIN Korean Flag Vessels DWIA* SEMI-CONTAINERISED DIRECT SERVICE TO BANGKOK, KEE LUNG BUSAN. INCHON lb (Dmm/IHH CM*/22M •••/JOB (Dmwi/JOCN JL «K HCNOM MOM a/i I/* a/i a/i %n ij/i U/1 1M 1 on-* > 27/9 1/n SEMI-CONTAINERISED DIRECT SERVICE TO CHITTAGONr. CHALNA CAI CIJTTA Mwiwi SUr/JMS Irt/JOK ifn nil
      453 words
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      Page 21 Advertisements Column 3
      1115 21 »gc u SINSOV SIN6APORE SOVIET SHAPING CO PRIVATE LTD cS 0104 T-, P hoot *****3 (15 Lints) Cable Mdrtn SKSOV SMGAPORE Telex Numbere RS 213*0 RS ***** RS ***** PKOANC M/S SHMKAT MH SOON ML MD. IST AND 2ND FLOOR NO 1. JALAN CEMPENMG. PORT RUING. MALAYSIA Tat *****6/8 Tctei
      1,115 words
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      Page 21 Advertisements Column 4
      98 21 KIAT SHIPPING 3. StefllMt Wat *7045 *2006 SteiMon Houv Sweatton 0106 TO ??MM (S Lows) Tcta R*****9 SRSMP RE6ULAR SERVICES 10 EAST MALAYSIA n* no HSTMT» 2?£!L art MM.M JSU.W nn u/i n»aam/i. iiMi Mattel* »/1 2/1 SWTana 5? n/l SnMalta DM hPt M/| •|ii<rfiiii/Ti E«*p«t w» *20 Iwh Ims
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      Page 22 Advertisements Column 1
      458 22 lEt'«|ional Container Lilies rg==)| 2 Sailings Weekly \\M:P Reliable Regular Punctual Berthing PSA 1500 Hrs Tuesday Saturday Xie,-. SINGAPORE ISLANDS tINE MIDDLE EAST REGULAR LINER S>an PK Pnj Loadhg far KUSU BUM) 11/20 Sip Muscat Oubai. Bahrain. Doha KUSU BUM) 29/22 Oct CMombo. Karachi, Kuwait. EAST MALAYSIA REGULAR LINER (Specula*
      458 words
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      44 23 4 4 DRIINTAI S( ft AIN'tS INIR fi(,l N Mt SING A PORf Til ??o'.*Bl SAI f S BOOKING'. ?711?<J1 Tf HM!N«! PT KFtANG SF Al lON SHIPPING iM > SDN BHD Tf I PtNANG lINKS M SON BHD Til ,'tf (Accepting FCL and LCL)
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      Page 23 Advertisements Column 2
      180 23 Scan Dutch 9 To Europe (Med/UK/NC/ Scan) Anson In Port Anson 25/8 Anson 1/9 Anson 8/9 P. KELANG B Bo tins 19/8 B Kemvmng 26/8 B Butanf 2/9 B Hemumnj 9/9 To Red Sea Mediterranean SINGAPORE From Europe From Red Sea/Med. Also Accepting To: (1) Barcelona Genoa, Leghorn Valencia (2)
      180 words
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      Page 24 Advertisements Column 1
      328 24 ia 1* S is >¥■ 5] CHINA OCEAN SHIPPING OOMftNY FULL CONTAINER SERVICE TO UK EUROPE winif MV SHA t€ MV TOOK IN E CHENG MV FEN IE 27/1 1/1 21/0 9/10 (SON M.) cms -rrrr or cmm ut. era noot mm of qm #17-M/M. 47 NU smrt. 2K2L"iH? T
      328 words
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      Page 24 Advertisements Column 2
      347 24 r> P.T. KALIMANTAN Y,P SHIPPING CO. LTD. lAI AN TANAH ftRANG I 123/125 I*KMT* Til *****9 3418i8 *****6 IS IGJNn KALIMANTAN SHIPPING PTE. LTD. TIO 1 INT t. PI A7A IS 020'/ Tel *****64 (5 Imeil ANTARA SHIPPING SDN BHD •> I&t &N Hf k-SN',e% f-f. AHjhAN t-S i i
      347 words
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      Page 24 Advertisements Column 3
      150 24 B. S. C. BANGLADESH NATIONAL LINE SINGAPORE BANGLADESH SHUTTLE SERVICE ARABIAN GULF EXPRESS CQ '/j kV 2 a W W* JAFAMSTWATTS J€Mf*€9rW omfCT«*v>Cf STORE t HI LANG PEMNG iwmm war a-i*M n/n n/v ~wmr rwr a m i 1/2 V« u* -mm war a xi s 11/12 m ivm** Cmmnl
      150 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      150 24 Regional Weather 4 c 1 •Ki Yr, f* C c 4 h i£ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots Rain V_y V Cloudy Sky -WW* Cloudy Sky W.w MfM SuteM winds are Indicated
      150 words