The Business Times, 10 May 1984

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 THURSDAY, MAY M, I*B4 60 CENTS
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  • 598 1  -  Move in United States sparks off increases By ALVIN TAY HIGHER INTEREST rates in the United States have sparked off similar increases in major financial centres throughout the world, including Singapore. Five major foreign banks in Singapore have increased their prime lending rates during
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  • 428 1  -  By LISA LEE THE PENTHOUSE of the 18storey Keck Seng Tower will be the new meeting-place for members of the American Club from August. This latest 650-sq-metre meeting area comprises two dining rooms, a library and reading room, a lounge and
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  • 201 1 THE PUBLIC Utilities Board has bought a parcel of fuel oil from the spot oil market. This foray into the spot market is significant because the board has term contracts with Mobil and Caltex to supply its fuel oil requirements. But sources emphasised it is
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  • Article, Illustration
    84 1 SHARE PRICES m the Singapore Stock Exchange ended tower again yesterday after a steadier opening following the overnight rise on the New York market. Total taniover was the towest far this year at 5.25 million salts. The morning's firmer undertone gave way when the selling pressure became mere
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  • 332 1  -  By WANG LOOK KEAH THE GOVERNMENTS of Italy and Singapore have reached an interim agreement that offers Alitalia and Singapore Airlines additional traffic rights for air services between Rome and Singapore. The liberal exchange of traffic rights will* form the basis of a new bilateral
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  • 103 1 Reuter MARTIN Feldstein, chairman of US President Reagan's Council of Economic Advisers, said he would leave the post on July 10 to return to Harvard University as a professor of economics. He is currently on leave from Harvard. He also intends to return
    Reuter  -  103 words
  • 488 1  -  By LOH HUI YIN ASEAN efforts to push for economic cooperation in the sixcountry grouping triumphed at the economic ministers' meeting in Jakarta. A significant achievement was the ministers' initialling of the supplementary agreement to proceed with Singapore's Asean Industrial Project (AIP). Singapore's Trade and
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  • 30 1 Reuter THE US and Japan yesterday agreed to try and resolve outstanding trade issues before the summit of Western industrial nations in London next June.
    Reuter  -  30 words
  • Page 1 Advertisements
    • 69 1 Budget rentacar Orchard: *****11 1 Katong. *****11 O] You're sure to find our approach refreshing in your search for computers. At Microage Computer Systems, our satisfaction is helping you see beyond mere hardware, to workable solutions to your problems. Let us help you. Be it Business or Personal. 11 lImIS
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    • 261 1 CONTRARY to belief, convenience stores' shore of the food and groceries trade moy not be that large after all. This is evidenced by NTUC Fair Price's impressive sales revenue of $158 million for nine months. Pag* 2 GARY Hort kept his presidential hopes alive with wins in the Ohio and
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    • 92 1 ~*!>?&]$`*~`|?\[!}=$_>)~@}?^({% LY of Switzerland meets the challenge of today. y H Fairmont x J The Best of BALLY is to be found at the following authorised BALLY dealers. Bally Boutique Branches Champion Shoe Co (Lucky Plaza) Chanrai Branches Daimaru S pore D'jien Boutique Euro Shoe Shop Branch Isetan (S) Ltd
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    • 16 1 the one and only Dr. Sony any day of the year *****1 The Sony Service Centre
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  • HOME NEWS
    • 490 2  -  By LUCY NG CONTRARY to opinion, convenience stores' share of the food and groceries trade may not be that large after all. In fact, their market share may have been eroded by the union cooperative Fair Price. NTUC Fair Price, the trade union-based supermarket
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    • 90 2 housing estates, may have also helped sales. So when Fair Price's expansion plans are realised for the remaining months of this year, other shops may have cause for concern. It will open four more outlets one each at Jurong East, Potong Pasir, Bukit Purmei Avenue and Tampines. The
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    • 326 2  -  By CHEN QINGSHUN THE HOUSING and Development Board recently awarded more than $64 million worth of contracts to 15 contractors. About 75 per cent of this $64 million went to building of flats, maisonettes, shops, a multistorey carpark and offices in Geylang East, Hougang,
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    • 284 2 The Asian Automotive 6 Accessories Exhibition has come to Singapore for the fifth time, but this time, the emphasis will be on workshop equipment. The exhibition, which opens today, will display the products of 49 workshop equipment suppliers out of a total 125 exhibitors.
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    • 311 2 SIX waste treatment companies have approached Dr Goh Keng Swee, the first Deputy Prime Minister, for clarification on their future in Singapore. The latest move is a follow-up to a letter sent to the Primary Production Department (PPD) in late March by nine companies to seek
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    • 172 2 PRIME Computer Inc has established a wholly-owned sub» sidiary to take responsibility for all service and support of its customers. The local firm, Prime Equip* ment (S) Pte Ltd, which be-! came operational on Monday; will also undertake all future sales and marketing
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    • 296 2 DIGITAL Equipment Corporation has announced the following appointments and promotion in the Far East and Singapore. Lim Smd H*ck has been promoted to general manager for Asean. Mr Lim, 34, holds a Bachelor of Engineering (Electrical Hons) degree and the Postgraduate Diploma in Business Administration from the
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    • 181 2 Seminars and courses May 11,18.25 Shipping Law Lecture Course RELC Building Institute Of Shipping May 12 19 May 16 May 16-17 May 17-18 May 18 Performance Evaluation Workshop Taxation For Your Own Business Selling Profitably In Non-Profitable Times Tender Evaluation And Contract Administration For The Public Sector Energy Conservation
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    • 166 3 FOUR OLD HOUSES have been captured on new stamps to be released by Telecoms next month. With the theme "National Monuments", the stamps come in denominations of 10, 35, 50 cents and $1. One of the monuments featured is the house of Tan Yeck
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    • 78 3 TELEFAX and Datel services to Peninsular Malaysia are now available. The charges for Telefax and Datel calls are similar to the trunk call charges to Malaysia and can be made using STD or the manual trunk call service. The charges are subject to 20 per
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    • 365 3  -  Encouraging response to conservation message By JOANNE YAP ENERGY-SAVING measures are not always expensive, said Dr Wong Kwei Chong at a seminar on energy conservation for manufacturers yesterday. Considerable savings could be achieved, Dr Wong pointed out, if management exercised the
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    • 330 3  -  By BOEY KIT YIN THE Asean Conference on Energy Conservation in Buildings will be the first formal gathering of the six countries to discuss energy saving methods. The three-day conference at the Shangri-La Hotel, from May 29, will discuss the results of a research
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    • 476 3 MANUFACTURERS should consider using gas turbines to generate electricity. This suggestion by energy consultant Dr Chiam Joon Tong stimulated much interest at yesterday's energy conservation seminar for manufacturers. Dr Chiam emphasised that the total energy system concept maximises the use of fuel as well
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  • Page 2 Advertisements
    • 101 2 Switzerland is the home of the Fondue. This is a communal meal where chunks of skewered bread are dipped into a mixture of flavoured melted cheese Says Executive Chef Charles Benz. a native Swiss, "It'sour custom that if you lose vour bread you must give your neighbour a kiss Cheese
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  • Page 3 Advertisements
    • 248 3 Telecommunications for everyone Discover the state-of-the-art at Asia's total electronic communications event Msia Ist South East Asian Business, Office Communications, Hardware Software Show Conference 23 26 May 1984 World Trade Centre Singapore 1100-1800 hours As the established forum for the region's PTTs and major end users, CommunicAsia/lnfotechAsia is a major
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    • 88 3 SOUTHPCHNT 200 Cantonment Road, Singapore 0208 X i 3* i m 3 m I en Sf ii if ri 111" X; <v lUL M ft ■->, Wii fM lII* |f|S ?l •Mi lfl" s hi l|H Hi. I* Ml 'l| M Offices for sale. Only three floors left »r M
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  • OVERSEAS
    • 300 4 AFP AUSTRALIAN mining industry figure Sir Roderick Carnegie on Tuesday voiced his concern at the implications of the granting of aboriginal land rights at the expense of the mining industry. Sir Roderick, chairman of Conzinc Riotinto Australia, whose parent is the British company
      AFP  -  300 words
    • 256 4 Reuter A DELEGATION from Hongkong launched a campaign in Britain yesterday to persuade London to scrap the colony's governor and replace him with an elected mayor and council. The seven-man delegation, describing itself as the voice of Hongkong "grass roots" opinion, said that the colony
      Reuter  -  256 words
    • 76 4 UPI THE FIRST Sino-US joint film venture will be a 12-hour television mini-series about 20th century China. "Roots" author Alex Haley, who arrived in Beijing last Friday to begin research on the project, said the mini-series is scheduled to be aired on Chinese State Television in
      UPI  -  76 words
    • 565 4 Reuter THE SOVIET Union's decision on Tuesday to boycott the Los Angeles Games has created an East-West split that threatens future Olympics. The Soviet's Eastern bloc allies are almost certain to follow suit in retaliation for the US-led boycott of the 1980 Moscow Games, where
      Reuter  -  565 words
    • 445 4 UPI ATHLETIC and government officials around the world expressed shock, indignation and dismay at the Soviet Union's decision to withdraw from the Los Angeles Olympics. Some said they hoped Moscow would change its mind. "I'm indignant at the fact that athletes again were
      UPI  -  445 words
    • WORLD IN BRIEF
      • 89 4 THE biggest trial in Britain's history began yesterday when 40 suspected Irish Republican guerillas faced almost 200 charges all on the evidence of one informer. Hundreds of police guarded the Belfast courtroom where the 37 men and three women went on trial on charges ranging from murder,
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      • 55 4 WEST Germany will restrict the export of five products which could be used to make chemical weapons. Bonn said yesterday that exports of the chemicals must now be approved by the economics ministry. Sales to the Gulf region would be banned and applications for shipments to other
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      • 45 4 JAPANESE overseas travellers last year reached a record 4.23 million figure, up 4 per cent or 146,000 over a year earlier. Tokyo said that of the total, 3.49 million travellers went abroad on sight-seeing tours, an increase of 100,000 over the previous year.
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      • 73 4 THE cost of living in Argenti- na rose 18.5 per cent in April, driving the annual inflation rate above 522 per cent amid threats of strikes by railroad and subway workers who want their salaries to keep pace with the world's highest inflation. Inflation during the first four
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      • 48 4 Agencies ENGINEERING workers in the West German state of Hesse are likely to give their IG Metall Union an overwhelming majority in favour of major action to back a demand for a 35-hour week. The workers were voting in a two-day ballot which ended yesterday. Agencies
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    • 184 4 Reuter FORCES loyal to Colonel Muammar Gaddafi apparently crushed an attempted coup launched on Tuesday morning against the barracks where the Libyan leader normally lives with his family, the official Libyan news agency Jana said. It also reported that Libyan security forces killed a group
      Reuter  -  184 words
    • 37 4 UPI A CUBE of cheese a day may help keep tooth decay away. Charles Schachtele of the University of Minnesota says there is evidence that cheese reduces acid in the mouth. UPI
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    • 170 4 THE OLYMPIC FLAME takes off on a 15,Mt-km Journey across the US, leaving in its wake controversy that business sponsorship of its Journey contravenes the spirit of the Games. About 4,tM kms of the route have been sponsored at US$3 ,M 9 a kilometre. Greece,
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    • 735 4 ARRIVALS Operator Service Local From number time KAL KE687 0020 SEL/KUL PAA PAS 0020 JFK/SFO/HKG CAL CI009 0040 TPE SIA SQ43 0750 DHA MAS MH681 0820 KUL TMA TL35I 0830 BEY/DXB MAS MH60I 0905 KUL sv SV378 0910 JED/RUH MAS MH67I 0935 KUL MAS MH8I1 0940 PEN
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    • 80 5 Reuter FEMALE staff at the London branch of Iran's biggest bank turned up for work yesterday in short skirts and make-up, defying an order .to dress according to Islamic law. The 50 women at the Bank Melli Iran were advised by their union
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    • 164 5 UPI CLOTHES do not always make the man, or the tribe either. And traditions are often mistaken for backwardness. When Pope John Paul II visited Mount Hagen in Papua New Guinea on Tuesday to deliver a mass in Pidgin English, a reporter covering the
      UPI  -  164 words
    • 256 5 UPI BRITISH Petroleum Ltd said its fourth well in the South China Sea turned out to be a dry hole following widespread speculation that it would yield a major oil discovery. The BP drilling group found some trace of hydrocarbons in its first well in the
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    • 36 5 AFP STRIKINJ miners trying to stop deliveries of coal to Ravenscraig Stelworks near Glasgow clashed Jr the second day running withpolice on Tuesday. Five miners were injured and 65 a rested. AFP
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    • 131 5 Reuter BRITAIN has revised estimates of its oil reserves radically and says supplies could last well into the 21st century. The Department of Energy said yesterday that not only were new fields being found, but existing ones might produce more oil than previously expected. Only two
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    • 431 5 mmaries h is* UPI SENATOR Gary Hart of Colorado kept his presidential hopes alive yesterday with crucial wins in the Ohio and Indiana primaries, while Walter Mondale walked away with smaller victories in Maryland and North Carolina. Mr Mondale had hoped to seize
      UPI  -  431 words
    • 307 5 AP US TRADE Representative William Brock on Tuesday criticised Japan's latest market-opening measures as "short of US expectations." He said the April 27 package announced in Tokyo did not include "new commitments that will help US exports penetrate deeper into the Japanese market." The top US
      AP  -  307 words
    • 380 6 FT JAPAN on Tuesday officially recognised that its programme to improve national defence, drawn up in 1976, has fallen three years behind schedule. Minister of Finance Noburo Takeshita also pointedly reminded the head of the defence agency, Yuko Kurihara, that any plan drawn up by
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    • 191 6 Reuter MOSCOW has postponed a trip to China by First Vice-Premier Ivan Arkhipov, who was to have been the highest ranking Soviet official to visit Beijing in 15 years, a Chinese Foreign Ministry spokesman said yesterday. Mr Arkhipov was due in Beijing today for
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    • 107 6 QUEEN ELIZABETH D (left In picture above) officially opening the Thames Barrier at Woolwich, London, on Toeoday. The Barrier Is a series of massive steel gates, each weighing some 3,1* tonnes, that can fe raised from the riverbed to mn, as the name implies,
      Source: UPI picture  -  107 words
    • 177 6 AFP FRANCE has put forward a plan to the United Nations suggesting that a one or 2 per cent tax be imposed on military budgets, the sum of which would be used to help Third World development. The tax would yield between US$B billion
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  • Page 4 Advertisements
    • 144 4 Win Ttnapeffiial I SINGAPORE Where yesteryear's service still 1 Jalan Rumbia Oxley Rise Singapore 0923 Tel 737 To the strains of the sitar and our exotic cuisine, you will soon drift to India. We don t blame you Our North Indian and Moghul cuisine is the finest in town And
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    • 10 4 Pan Am Clipper Class. More Seatroom. More Legroom. More Space.
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  • Page 5 Advertisements
    • 355 5 NATIONAL UNIVERSITY OF SINGAPORE SCHOOL OF ACCOUNTANCY presents COMPANY DIRECTORS' PROGRAMME June 11 23, 1984 This Programme consists of five integrated modules The objective is to equip directors and potential directors, particularly those from small and medium size companies, with the knowledge necessary to conduct the affairs of a company
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    • 36 5 Texas Instruments 300 and 600 Business Systems Computers are Texast? Instruments Creating useful products and services for you. Texas Instruments Asia Ltd, 12 Lorong Bakar Batu, Unit 02-08 Kolam Ayer Industrial Estate, Singapore 1334. Tel: *****55.
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  • Page 6 Advertisements
    • 628 6 CYCLE CARRIAGE LIMITED (Incorporated in Singapore) INTERIM REPORT TO SHAREHOLDERS for the six months ended 31st March 1984 The Board of Directors announces the unaudited half year results of the Group and H>lding Company as follows:Group TurnoverMalaysia Singapore Group's share of associated companies' turnover Pre-tax profit amounted to after accounting
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  • BANKING AND FINANCE
    • 196 7 COMMERZBANK (South East Asia) Ltd has turned in good results for 1983, in sharp contrast to the generally dismal results by other merchant banks in Singapore. The bank was able to increase its after-tax profit by more than a third, from $5.4 million in 1982
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    • 67 7 Reuter THE Singapore International Monetary Exchange (Simex) said it has approved in principle applications by two companies for clearing membership. The companies are a proposed wholly-owned Singapore subsidiary of US-based CM and M Inc and a proposed whollyowned subsidiary of Arab Banking Corporation. Simex said approval in principle
      Reuter  -  67 words
    • 116 7 HOLLAND'S third-largest commercial bank has obtained official approval to acquire the whole of merchant bank InterAlpha Asia (Singapore). Earlier in February this year, the Nederlandsche Middenstand Middenstandsbank, Amsterdam (NMB Bank), announced it had reached an agreement with the five European bank partners to acquire 100 per
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    • 426 7 US prime rate rise sparks off criticism FT A MAJOR ROW between the White House and the Federal Reserve Board is brewing over the central bank's conduct of monetary policy. The White House the Fed after the leading US commercial banks raised their prime lending rates
      FT  -  426 words
    • 73 7 THE Singapore branch of Japan's Fuji Bank is tapping US$3O million in the Asian dollar market through a floating rate certificate of deposit. The five-year issue is lead-managed by Indosuez Asia (Singapore) and co-managed by Fuji International (HK). Interest on FRCD, to be issued at par,
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    • 50 7 Reuter MALAYSIA will float a maximum eight-year bond on the public Swiss capital market until May 17, lead manager Credit Suisse said. Market sources expect the amount to be 80 million to 100 million Swiss francs with a coupon of 6 '/i per cent. Reuter
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    • 575 7 Reuter BRITISH clearing bank base rates are likely to rise but the timing and extent of any change is less certain given Tuesday's better-than-expected money supply figures, economists said in London. The closely watched sterling M 3 money supply measure showed an
      Reuter  -  575 words
    • 61 7 FT AN INSURANCE scheme that protects lenders against loss of interest and principal could help encourage banks to continue lending to developing countries, said Mr Henry Wallich, a governor of the US Federal Reserve Board. Mr Wallich said such a scheme could be developed at relatively low
      FT  -  61 words
  • MONEY AND EXCHANGES
    • 740 7 SINGAPORE: The local currency closed easier at 5J2.0965/75 against the US dollar compared with 2.0940/50 on Tuesday, and at 5191.20/30 against the Malaysian dollar compared with 91.15/25. Against the Hongkong dollar, it closed at 26.80/85 compared with 26.75/80. The US dollar closed firmer against major currencies, except sterling,
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    • 226 7 SINGAPORE Gold futures fluctuated narrowly throughout the session in very quiet trading before closing slightly firmer than New York's levels. Total sales for the day were recorded at one lot. Prompt closed slightly higher at U5J373.50/375.50 an ounce against New York's $373.00/373.50 close, June at $376/377 against and August
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    • Article, Illustration
      39 7 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $90 million 91-day Treasury bills. The tender closes on May 11. Each tender must not be for less than $250,000.
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    • 280 7 Asian market SHORT-DATES were little changed at earlier levels of 10-15/16 10-13/16 for overnight and Thursday/ Friday and 11 10% for week fixed, with small business noted in overnight at 10 vi per cent. Trading on the Asian dollar CD market was thin and interest rates remained unchanged at opening
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    • 117 7 OVERNIGHT rates closed easier at 7 per cent on the Singapore interbank money market yesterday. Term rates eased by 1/16 percentage point for the one, two and threemonth periods to 8'» per cent. S$ interbank rates at 3pm yesterday Offer Bid Overnight 7 1/4 7 3/16 1-month 8
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  • Page 7 Advertisements
    • 295 7 Here's Where You Can House Your Entire Business All In OFFICE WAREHOUSE GOODS HOIST WASHROOM CARFARK Save time and effort by having your entire business in a 3-storey Terrace Warehouse cum Office. Intrepid Investments Re Ltd has the right idea in its Intrepid Warehouse Complex, a project comprising only 18
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  • FEATURES
    • 449 8 We swear that we will take part in the Olympic Games in fair competition, respecting the regulations which govern them and with a desire to participate in the true spirit of sportsmanship for the glory of sport and for the honour of our country. The Olympic
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    • 1114 8  -  Government reforms allow foreign banks a foothold in the country By ANN CHARTERS FT THE SOUTH KOREAN financial sector moved a step forward earlier this month when the Ministry of Finance announced its decision to allow foreign banks to compete on an equal footing with
      FT  -  1,114 words
    • 615 8 Agencies I A BEAUTY QUEEN, a faith healer, a born-again Christian, a jailed dissident, a gaggle of movie stars and a <«i»gi»g First Lady. These are ameag the east sf candidates taking part In the ru■p te next
      Agencies  -  615 words
    • 741 8  -  By ANNE HEAD Reuter THE CAST of thousands assembling for the 37th Cannes Film Festival tomorrow includes the usual screen idols ane sex kittens, but the starring roles will go to the men with big money. Once a low-key event where the public's
      Reuter  -  741 words
    • 1630 9  -  For these hotels, what you know is more important than where you are In a part of Singapore which offers neither charm nor good location, three hotels prove that they can keep the guests contented and coming back. The secret, they say, lies in good
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    • 892 9 YEOH Cheng Kung and Akio Saito were the pioneers of the Outram/Havelock hotel city. Yeoh Cheng Kung, who hails from Penang, arrived via London in July 1970, while Japanese Akio Saito arrived the following April from America, via Hongkong. Their job was
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  • Page 8 Advertisements
    • 107 8 UHIUAUU ZUKKJH BUDAPEST MUNICH PARIS LONDON Banco di Skafia is pleased to announce the opening of its representative office in SINGAPORE to better serve its customers in the important area of the South East Asia. The office will also be equipped to offer the special services of Banco di Sicilia
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  • Page 8 Miscellaneous

  • Page 9 Advertisements
    • 238 9 V V- I ■ft t i K .V If you are planning business or investment activities in Western Australia, why not establish a low-cost permanent presence in Perth, the nation's fastest growing capital. Our Western Executive Group offers representative corporate facilities backed by experienced confidential management support For a low
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  • Page 9 Miscellaneous
    • 266 9 mm sm mm For Better Or Worse 9.15 pm A documentary on the changes in attitudes towards marriage. Before the war, marriage was considered a social necessity. Today, with more women becoming educated and economically independent, attitudes towards marriage have changed. People marry later and there is a trend for
      266 words
    • 672 9 WM mm CRYPTIC PUZZLE ACROSS 1 Not the sort of pie to b« proud of (6) 7 From Russia, possible, con amore (4, 4) 8 Anne Boleyn's trunk (4) 10 An old sailor's birds? (6) 11 He lived near Victoria (6) 14 Like the price of a stone tankard (3)
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  • INTERNATIONAL STOCKS
    • 294 10 Reuter TRAFALGAR House PLC said it will continue to bear in mind the possibility of renewing its bid for Peninsular and Oriental Steam Navigation Co PLC (P and O) in the light of the best long-term interests of Trafalgar shareholders. For the
      Reuter  -  294 words
    • 122 10 Reuter AEG-TELEFUNKEN AG recorded a true operating profit, not inflated by extraordinaries, last year, its first for 15 years. All branches except office equipment subsidiary Olympia-Werke AG are profitable, management board spokesman Heinz Duerr said. He said recently: "We have no reason to
      Reuter  -  122 words
    • 358 10 WHITE HOUSE criticism of Fed monetary policy gave the Wall Street market a reason to improve moderately on Tuesday, in spite of a surprise halfpoint increase in the prime lending rate to 12 V 4 per cent. The Dow Jones Industrial Average, which
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    • 112 10 MAT 08 a Imp Oi 39* Ale on 38* i* Int Prov Pipe Int Uts 25* 27* mti Nfcckel Kerr Add 18 unch 22* Money Ferg 4* Mc BkxM 30 Mofcon A 16* Moore Cp 4 1 20* Carina OKeefe Crrtoi Rd Ik Cn Bthrt a A ComtKo 18*
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    • 165 10 MAT 00 INDUSTRIALS Un Steel Una«c WoohvTXlh 135 560 1800 unch unch unch A Alpha 960 10 MININGS 215 -10 A£ And a Amaprop AMIC 960 i««ch unch 25 Anglo* 2360 25 3125 Barton 1430 20 C G Smitti 2625 Dickers CNA 345 i^>ch Ccme France 540 5 Edgori
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    • 709 10 MAY M us$ ACF hduiinn Aicon Atunr> 29b +1 Alcoa Bn b Lud 23v AM Cham Cp 53 A»od Sim 441* b 4 b AhOoHw, 111% fcomfc he 55S Am kootfew Am Con Co Am Cranomd Am Eloc P»» Am E«ptni 57 45S 50* Hn MH 1 1%
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    • 770 10 Amsterdam MAY 06 fli ABN 370 00 1 A«gon 130 SO +1 Ahold ***** +05 Akto 9520 *0 2 AM£ V ***** *1 Am»« Amrobofc 6630 4 2 BHi BoH 3880 *13 9600 *2 Borvjrr*, 249 00 -1 Bo«ko 32 10 -03 Burtet 7250 -05 Colond 3650 -03
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    • 184 10 Reuter JS STOCKS are set for übstantial new highs over he next year as market sychology improves and Merest rates begin to ase, Dean Witter Reyolds Inc senior vice-presi-ent Robert Stovall said. "We are just a matter of ays or weeks away from change
      Reuter  -  184 words
  • Page 10 Advertisements
    • 43 10 us Im, I \V> //:2 The Summer Palace 1 r FINEST CANTONESE CUISINE FOR ALL OCCASIONS. THE ADVANTAGE IS INTER- CONTINENTAL THE PAVILION INTER CONTINENTAL PAVILION intercontinental SINGAPORE 1 Cuscaden Road Singapore 1024 Tel: 733 8888 THE BAR T THE ORC u&m f
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    • 165 10 SJ*fS&g i -»1.-»i 4 i t. n TAVERN Two popular group* entertain from 515 p m onwards. A single group performs on Sundays and Mondays Order a glass of White Horse -<<T:: Whisky, Bell Whisky, Seager Gin, A Bisquil VSOP or Tiger Draught /y Beer and oet a second fttf
      165 words
    • 87 10 *aHUANG PALACE Hong Kong Tim Sum served from 11 am to 230 pm (We also cater for weddings, anniversaries, birthdays and Chinese dinner functions.) For Resrnmhons plrasr tall 2WH22 Kxl I*l7 or I-tOO PRESIDENT MERLIN HOTEL SINGAPORE IMI. kinfcrnrf Kilml. SniK.i| av nyi |'H: *****2 K > i» Shark's Fin
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    • 134 10 MEMBERSHIP FEE Single $15.00 per month Couple $25.00 per month Family $30.00 per month Group/Company Negotiable ENTITLEMENTS: Exclusive use of the Swimming Pool on 3rd Floor of the Hotel from 8:00 a.m. to 9:00 p.m. 10% Discount on all meals in Cafe De Grand. I (To Discount oil all drinks
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    • 159 10 London stocks, Page 14 especial 4 Quick Lunch for four persons $25.00+3% govt. t.»\ <£ ♦> Special "Clay-Pot' on request. Specialise in Cantonese cuisine Only 10 minutes drive from the city Conduct* atmoapfiere for business lunch with courteous and effective service Perfect place for company or wedding functions and 'Live'
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  • ASIAN STOCKS
    • 422 11 HONGKONG: Stocks closed sharply lower yesterday on concern over a possible local interest rate rise following increases in prime rates by US banks on Tuesday. Cheung Kong fell 40 cents to HK18.20, China Light 50 to *10.60. HK Land 7.5 to $3.05, HK Bank 10 to $6.50, HK Wharf
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    • 152 11 MANILA: The market closed easier in continuing dull trading yesterday because of the tight money situation in the Philippines. The Commercial and Industrial index was down 0.27 at 132.10, the Mining index fell 11.23 to 1,047.96 and the Oils index eased 0.062 to 0.720. Benguet Con 'B' was down
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    • 55 11 BANGKOK: Prices closed lower in the absence of buying support in quiet trading. U7 6 36°°* aUb inde feU 044 P° int t0 Bangkok Bank, Siam Cement and Siam City Cement fell two baht each to 230, 397 and 364, respectively, while Saha Union lost one to 110 and Jalaprathan
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    • 384 11 TOKYO: The market closed slightly higher in reaction to the sharp fall on Tuesday but trading was nervous because of concern over the rise in US interest rates. The market average, which lost 106.52 on Tuesday, rose 7.85 to close at 11,060.29, on volume of 400 million shares against
      384 words
    • 596 11 SYDNEY: Prices in the industrial sector were higher while metal issues eased in quiet trading on Australian stock exchanges yesterday. Near the close, the All-ordinaries index was down 0.2 at 750.6 with the All-industrials up 2.6 at 1001.0 and the All- resources off 2.3 at 552.6. BHP was steady
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    • 232 11 MAY 09 Al Smear* Mui Ano Cement NT 9 25 33 40 025 -01 ♦01 unch -01 Cham Indut Lion M» a Indut Nan Yo Pla* 25 00 II 45 35 60 •02 0 1 •01 05 -06 Cottvjy Coos Chang H»o Bank Chan Looog 31 SO MOO 28
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    • 80 11 May 9 Won Hyundoi Corp 660 -14 HyixxJoi Moto 554 •3 Bonk Seoul Chohaung Bk Commancal Bk 691 680 710 <4 -9 KAL Korto Frit Korao Oi Korea SNp 475 725 911 440 -1 -19 -16 Do«woo Corp Doawoo Ind Dona Ah 399 580 695 •13 25 Lucky Ltd
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    • 64 11 Reuter DAI Nippon Printing Co Ltd will make a one-for-20 bonus issue on July 20 for shareholders registered on May 31 to pay back premiums on a 25 million share capital increase through public placement in May 1982. This will raise Dai Nippon Capital to
      Reuter  -  64 words
    • 539 11 EAST Asiatic Co Ltd, the largest company in Denmark, is stepping up its business in Hongkong, bidding for a computer consultancy contract with the Kowloon and Canton Railway and raising its investment in its Carlsberg brewery in the colony. EAC general manager in Hongkong,
      539 words
    • 119 11 Reuter Nippon Steel and Hughes Tool Co have signed an agreement to establish a joint venture company, Hughes Nippon Co Ltd. The two companies said they will set up the company in Japan next month to manufacture and market drill collars, and tools for oil and
      Reuter  -  119 words
    • Corporate round-up
      • 74 11 TOYOTA Motor, Japan's largest carmaker, said it would establish a venture in Taiwan to produce passenger cars beginning in 1985 as the Taiwan government was expected to give its approval by the end of May. Under an agreement with the Taiwanese government, the venture is to
        74 words
      • 69 11 GENERAL Oriental Ltd said it had sold to an unnamed US investor group its wholly-owned Diamond Participations Inc for about US$l39 million cash. Diamond Participations owns about 68,790 hectares of timberland and lumber mills in north-west US. In a statement, General Oriental also said its subsidiary, Diamond
        69 words
      • 92 11 SHAREHOLDERS of San Miguel Corp have authorised the issue of up to one billion pesos worth of bonds and long-term commercial papers during 1964. Proceeds of the public borrowings will be used to finance company projects, a company official said. The company last year had net income
        92 words
  • Page 11 Advertisements
    • 440 11 SB mi Paramount Hotel Whmcm tht hippy p+opi» go rv*. SR» \> i V li. r ii" < 4' -V f. -v ft a A special garden atmosphere y wftere time never runs out. Here, master chefs prepare delicious and lingering tastes from gourmet style to simple meals. SPECIAL FEATURES:
      440 words
    • 121 11 r GOFFEE GARDEN, 11 we serve son poond the clock 1 I *s 9 r A Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, youll find our staff friendly and efficient, our food appealing and delicious. Try our
      121 words

  • RAW MATERIALS
    • 686 12 WELCOME NEWS FOR DEVELOPING COUNTRIES NYT THE prices of basic raw materials and commodities that form a large portion of the exports from debt-ridden developing countries are beginning to stage a comeback. Thus far, the increases have been far from uniform, with the
      NYT  -  686 words
    • 142 12 Reuter CHINESE 1983/84 oilseed production reached a record despite a cut in areas sown, the Hamburgbased newsletter "Oil World" said. Production rose to 27.71 million tonnes from 26.3 million last year and 23.9 million in 1981/82, due to excellent yields, it said. Some area has
      Reuter  -  142 words
    • 125 12 Yarn White cloth (In HKS Mr bole of 400 lb) Japan No. 10,000 China carded yarn, cones Three Peaches Japan No 2003 221 50 Unq Blue Phoenix 16's 3,550 Flying Dragon, per Blue Phoenix 20's 3,600 piece 36 in x 40 yd Unq Blue Phoenix 32's 4,150 Blue Phoenix
      125 words
    • 178 12 AFP A GOOD demand prevailed for the 27,314 chests (48 kilos) on offer on Tuesday at the weekly London tea auction, with the emphasis on brighter teas, according to the Tea Brokers' Association. The small quantity of Assams on offer attracted fair enquiry at firm
      AFP  -  178 words
    • 285 12 Singapore (S$/kilo, e>-godown) C-l special C-l Ordinary Loonzam 100% Unq Unq Thai white first grade Unq 100% 1st doss 100% second grade 255 (kangoroo) 100% third grade Unq new crop l 05 Parboiled 100% 2nd class 082 5% 078 io% 265 260 100% 3rd class 25% new crop No
      285 words
    • 422 12 AFP DESPITE a disastrous landslip last January that threatened to delay the project, the OK Tedi gold mine in the remote Star mountains of Papua New Guinea (PNG) will start up production on May 15 as scheduled, according to company officials in Port Moresby.
      AFP  -  422 words
    • 101 12 THE Straits tin price In Penaag yesterday stayed at the ITA floor level of Mttf.lS a kilo. Dealers said there was still a lack of demand despite a sharp rise In London, which helped to narrow the price premium In Penang over London. The bnffer stock manager was
      101 words
    • 123 12 FUTURES closed 6Vi to three cents higher in thin trade on the Chicago Board of Trade on Tuesday after moving in a 6« *-cent trading range. Lack of deliveries provided firmness in May, which overflowed to other months. Early gains were sustained by continued strength in soycomplex futures pits.
      123 words
    • 139 12 SOYBEAN futures closed 17Vi to 3Vi cents per bushel higher in active trade on the Chicago Board of Trade on Tuesday, with prices reaching new highs for the current advance. Trade talk of Brazil reimposing limits on soybeans and soymeal exports contributed to the bullish sentiment. Anticipation of a
      139 words
    • 244 12 MALAYSIAN crude palm oil prices closed higher on continued covering and speculative interest in moderately active trading yesterday, with firmer Chicago soy futures boosting sentiment. In the May position, south region rose Ms2o to $1,700 a tonne, north $17.50 to $1,697.50 and central $15 to $1,695 while in
      244 words
    • 145 12 WORLD palm oil output is set to rise this quarter after four consecutive quarters of decline, the Hamburg-based newsletter Oil World said. But the rise will be insufficient to offset a sharp fall in world stocks. This quarter's total supply (opening stocks plus production) is put
      145 words
    • 154 12 Chineee Produce Robusta 20/25% Exchange FOB NSW 487 50 (Se»ea' noon down) price*. S$/ Nutmeg 100 kg) 110 FOB NSW 355 00 Coconut oil B W FOB NSW 256 00 Bufc Foe 216.00 Gambier Otd drum FOB 229 00 FOB NSW 300 00 New drum FOB 233 00
      154 words
    • 342 12 SINGAPORE: The rubber market closed quietly steady yesterday with June One RSS buyers quoted at 209.50 cents a kilo, unchanged from Tuesday's close. The morning session was marked up slightly on firmer London advices and some covering interest of June One RSS. Prices fell back in quiet afternoon trading
      342 words
    • 310 12 R AS prices («s cents/iiio, fob m botes) NOON CLOSE •nf 1 RSS prompt Buyers Sellers Beyers Sctten 206 00 207 00N 206 75 207 75N •nt 1 RSS June 209 00 209 50 209 50 210 00 Int 1 RSS Juty ***** ***** ***** 213 00
      310 words
    • 105 12 (in M cantt/1 ton pollen) June July (currant mth) (forword mth) RAS NOON NOON Buyers SfUffi Buynrs 5aU<ri SSR20 201 50 203 50N 203.50 205 50N SSR 50 199 50 *****N 201 50 203 SON MRELB B«iy«n S<HTI M y |r S<H»n SMR CV 259 00 261
      105 words
    • 897 12 COFFEE Robusta futures were £5 a tonne higher to £11 lower at midday yesterday and below new contract highs reached at midmorning on Nov and Jan. July ended at £2,171, £6 higher, but below Tuesday's high at £2,173. The market opened up to £9 lower, partly on firmer
      897 words
  • Page 12 Advertisements
    • 73 12 isn i tVW Tvlsm jgl ss f/ t circle easy Pe way to remember when Scan Dutch reUablo tra t re( l" ire loads in Singapore. It's the same SearSutS P tlon Remember loads in Singapore. It's the same day, every week of the year, so you can plan your
      73 words

  • SHARE INFORMATION
    • 4292 13 THE Singapore stock market fell yesterday, with declines becoming more pronounced during afternoon trading. In the morning, most counters held up relatively well and short-cover-ing activities pushed certain stocks higher. By the close, the all-sec-tor BT Composite Index slipped 0.91 points to 897.01 and
      4,292 words
    • 194 13 SINGAPORE Meae Indices Ar~ tub 3700 +100 *.l *,9 n 2600 +100 ITCoopositt 197)2 497 01 i. 1140 80 I' kUcttof *****09 *****41 *r?"f 1850 50 IT 01/0$ '"Jg l2 KWL S0< +50 ««4I ***** Kwcfcw 5Q< 1740 +40 ?95ti2 2979 20 Kentw* r Spot* 460 24
      194 words
    • 464 13 SHARE prices finished mixed across a (airly broad front at the Kuala Lumpur stock market yesterday. After a steady opening, values generally held their ground until just after the lunch break when more sellers appeared. Overall, scattered interest was noticeable in certain stocks but trading
      464 words
    • 3181 13 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word ••SETT-.
      3,181 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 900 14 THE Singapore and Malaysian stock markets have been held hostage by the uncertain political environment in Malaysia over the past few weeks, and it looks as if the market will remain that way at least for a few more weeks. Both these
      900 words
    • 66 14 Reuter THE Delaware Chancery Court has granted an injunction to Shell Oil Co minority shareholders against Royal Dutch Shell's US$5B a share tender offer for Shell. It held that some of the defendants have interests on both sides of the proposed deal, and
      Reuter  -  66 words
    • 96 14 HONGKONG Australian Industrials Hong Seng Index Wednesday 1001.4 Tuesday 998.5 Wednesday 939 71 Week ago 999.2 Tuesday 969.65 Week ago 1032.64 NEW YORK Dow Jones TOKYO Tuesday 1176.30 Monday 1166.56 Tokyo Dow Jones Week ago 1183.00 Wednesday *****.29 Tuesday H 052.44 Week ago *****.46 Standard and Poors Tuesday
      96 words
    • 210 14 Managers' prices MARA Bumiputra for May 10 Frst B'putro 661 666 Second B'putro 559 564 Singapore Unit Trust Thrd B'putro Fourth B'putro 475 564 480 569 The Commerce 3 32 The Savings Fund 1 96 S'pof# Prog Fund 1 42 S'pore Sk Fund 2.17 S'pore Invest Fund 1.17
      210 words
    • 252 14 TODAY BT launches the BT On-Balance Volume Indicator (OBV), the final in a set of three technical indicators introduced during the past few days which investors can use to gauge the market's momentum. The OBV is a cumulative daily total volume indicator and is based on
      252 words
    • 2104 14 810 and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS AMaa (1345) Aatab <2 008 2 01S) (32) 102
      2,104 words
    • 799 14 THE market closed easier yesterday on balance after a moderately active session. At 3pm, the FT 30 share index was off 4.9 points to 899.9. It was last below the 900-level on April 26 this year and the record of 922.8 was set last Thursday. The initial firmer
      799 words
    • 116 14 MALAYAN Ualted Indiatries Berkad: 13th AGM on May 10 at 11 am in MUI Plaza Conference Centre, 1st Floor, MUI Plaza, Jalan P Ramlee, Kuala Lumpur. Slagaptre News A Publications Limited: Second AGM on May 10 at 10am at 307 Alexandra Road (0315). MULPHA (Singapore) limited: 15th AGM
      116 words
    • 120 14 Bernama UPSTREAM Shell companies in Sabah and Sarawak, which have come under frequent firing from interest groups for employing a large number of expatriates, are casting their net wider afield to recruit Malaysian graduates. According to the latest issue of "Berita Shell", a
      Bernama  -  120 words
    • 671 15  -  By CHAN OI CHEE SEVERE competition faced by its Mitsubishi division has slashed Cycle Carriage Ltd's group profits by a third at the interim stage. And although an improvement in the second half is expected, earnings for the full year will
      671 words
    • 142 15 Reuter A DUNLOP Holdings PLC spokesman has declined comment on a London report during the weekend that the group's bankers plan to convert some loans into Dunlop equity to help the company's survival programme. ■The Sunday Times newspaper reported that bank participation would be
      Reuter  -  142 words
    • 273 15 PUBLIC Corporation Bhd, which is now controlled by the Low Yat group of Federal Hotels fame, has drawn up plans to construct three major hotels in Penang. Two of the hotels will be situated on Mount Pleasure in Penang and the third
      273 words
    • 434 15 A UNIT of Temasek Holdings (Pte) Ltd, Sembawang Investments Pte Ltd, has purchased a total of 230,000 shares in publicly-listed National Iron and Steel Mills for a total consideration of about $1,386 million. With these purchases, Temasek's deemed interests in National Iron has been raised from 19.73 million
      434 words
    • 374 15 PAN-ELECTRIC Industries Ltd has reached agreement with seven banks to raise a $71.5 million syndicated loan to refinance Its short-term borrowings. Standard Chartered Merchant Bank and The Chartered Bank acted as lead managers for the five-year term loan while the other participating banks
      374 words
    • 237 15 BESTOBELL (Malaysia) Sda Bhd, an established engineering-based company which has Its headquarters In Petallng Jaya, Is te merge Its business In Malaysia with Mechmar Sda Bhd. According te an announcement by Bestobell Australia Ltd, the controlling shareholders st the Bestobell (Malaysia), the merger
      237 words
    • 707 15  -  By AMY CHEOK THE YEAR-END results of Hong Leong Finance Ltd and its subsidiary, Singapore Finance Ltd, have been boosted by their investment income, following two major fund-raising exercises last year. Hong Leong's investment and other income registered a whopping 763.8 per cent jump
      707 words
    • 429 15 SEALION Hotels Ltd under the new ownership of Malaysian businessman Mr Yap Yong Seong, has formed an investment arm to help identify profitable ventures for the group. The formation of Sealion Investments Pte Ltd is a clear indication that the hotel-based group intends to diversify
      429 words
    • 626 15 IDRIS Hydraulic (Malaysia) Bhd, the restructured company controlled by Koperasi Bersatu, has forecast group pre-tax profits of at least M 511.44 million for 1984, following the proposed acquisition of five companies. If pre-acquisition profits of $9.82 million are taken into account, Idris (M)'s
      626 words
    • 75 15 SING Investments 6 Finance Ltd has reported a 29 per cent increase in group pre-tax profits to $4.88 million (from $3.79 million previously) for the year ended Dec 31, 1983. Group operating revenue also rose to $15.43 million (from $12.52 mil- lion). Directors have declared
      75 words
  • Page 14 Advertisements
    • 76 14 This advertisemment appears as a matter of record only. May. 1984 PAh >L£CTMC I lIMITtD O" Pan-Electric Industries Limited Loan of Singapore $40,000,000 and U.S. $15,000,000 CO-LEAD MANAGERS: THE CHARTERED BANK STANDARD CHARTERED MERCHANT BANK ASIA LIMITED LENDERS: Barclays Bank International Ltd. Citibank, N.A. Manufacturers Hanover Trust Company P.K. Christiania
      76 words

  • Page 15 Advertisements
    • 33 15 LiM; WORLD-WIDE HOTEL RESERVATIONS Fantastic discount rates tor major hotels around the world Unbelievable? s 35\ m m C Just call 292 9393 [63^£0] DOR (SON TRAVEL g or your travel agency j
      33 words
    • 225 15 COMISION FEDERAL DE ELECTRICIDAD (CFE) US$lOO,OOO,OOO FLOATING RATE NOTES DUE 1988 In accordance with the provision of the Notes, notice is hereby given that for the six-month interest period from 10th May 1984, to 13th November 1984, the Notes will carry an interest rate of 12 5 /ie% per annum
      225 words

  • 455 16  -  Ministry of Labour to introduce several safety measures By LUCY NG TOWER cranes can be a danger to the public if not properly managed on the worksite. Last year, there were four tower crane accidents with one death, while up to April this
    455 words
  • 518 16 r The Jalil Murder Bernama MALAYSIAN Finance Minister Tengku Razaleigh and other Malaysians mentioned by the accused murderer of Jalil Ibrahim, Mak Foon Than in his cautioned statement were not given copies of that statement. It is believed that these copies were given only to some
    Bernama  -  518 words
  • 336 16 AFP THE HEAD office of Malaysia's Bank Bumiputra did not approve a loan which passed from its Hongkong subsidiary to property giant Carrian on the day that Malaysian banker Jalil Ibrahim was murdered last year. The court heard yesterday that Jalil was
    AFP  -  336 words
  • 32 16 AP COLONEL Muammar Gaddafi said yesterday the Muslim Brotherhood was responsible for the attack on his headquarters. He said the attack was crushed because its members were betrayed. AP
    AP  -  32 words
  • 414 16 Bernama PRIME Minister Datuk Sen Dr Mahathir Mohamad said yesterday that the sunken treasure off the Mersing coast near Pulau Babi Tengah belonged to Malaysia as it was found in Malaysian territorial waters. He said the government would get in touch with
    Bernama  -  414 words
  • 178 16 Bernama SINGAPORE Armed Forces Chief of Staff of General Staff, Colonel Lee Hsien Loong, yesterday described as viable the proposal for Asean to hold a joint military exercise on Thai soil. However, he said Asean had not reached the stage where it could
    Bernama  -  178 words
  • 263 16 LAWYER Chiam See Tong told a subordinate court yesterday that his client had allowed him to visit her house in Keng Chin Road freely as long as he was representing her business interests. In this capacity, he visited the premises where he
    263 words
  • 85 16 THE Public Utilities Board (PUB) is to set up a |6.25 million new training centre for its key operational and maintenance staff as well as recruits. The centre at Woodleigh Park is expected to be ready in 1987. It will be equipped with the
    85 words
  • 26 16 THIRTEEN Philippines banks including the Central Bank and Asian Development Bank, will join the Society for Worldwide Interbank Financial Telecommunications (Swift) on May 21.
    26 words
  • LATE FILE
    • 40 16 Reuter WALTER Wriston, chairman of Citicorp, is one of three leading international businessmen appointed to the board of Reuters Holdings PLC. The other two are Pehr Gyllenhammar of Volvo and Christopher Hogg of Courtaulds. Reuter
      Reuter  -  40 words
    • 47 16 Reuter XEROX Corp has launched a personal computer software package which can completely automate the distribution of information in a facsimile network. The data can be created either on a personal computer or scanned into a personal computer from a facsimile unit. Reuter
      Reuter  -  47 words
    • 30 16 Reuter JAPAN'S Finance Ministry has freed the swap of forward foreign exchange contracts between various currencies, unless the monetary authorities of the currency concerned object. Reuter
      Reuter  -  30 words
    • 30 16 Reuter THE ruling Liberal Democratic Party (LDP) has asked Japanese carmakers to extend voluntary restrictions on exports to the US, due to expire next March 31.
      Reuter  -  30 words
    • 37 16 UPI A CANADIAN man went on a shooting rampage in Quebec yesterday, wounding two people, less than 24 hours after another man killed three and wounded 13 inside the state's Legislature Building. UPI
      UPI  -  37 words
    • 43 16 UPI THE British Waterways Board will prosecute anyone who walks on its water. A spokesman said the new leisure activity of "walking" on water with "shoes" shaped like miniature canoes is considered too dangerous to be permitted. UPI
      UPI  -  43 words
    • 43 16 Reuter CHINESE Premier Zhao Ziyang will visit six European countries and the EEC headquarters during a trip starting later this month. A Chinese Foreign Ministry spokesman said Mr Zhao will visit France, Belgium, Sweden, Denmark, Norway and Italy. Reuter
      Reuter  -  43 words
  • Page 16 Advertisements
    • 209 16 Move up from your System/34 W®'without losing jr~ your IE investment Why rewrite your software just because you've outgrown you System/34? With the ESCAPE/34 software package developed by PRIME COMPUTER, you can migrate all your System/34 k applications to the Prime 50 Series of 32-bit I computers. ESCAPE/34 makes up
      209 words
    • 137 16 How you can benefit from Bayerische Landesbank's presence in J Singapore f Bayensche Landesbank is headquartered in Bavaria, a leading federal state of West Germany with a long tradition in cross-border trade and finance. V Over the years we have constantly upgraded and refined our international banking capabilities, building a
      137 words
  • Page 16 Miscellaneous
    • 59 16 wmm Outlook for today: Showers in a few areas in the late morning and early afternoon. Report for 24 hours prior to 7 30pm on May 9 at the airport Maximum temperature 29.7 Associated humidity 68 Minimum temperature 23.5 Associated humidity 97 Hours of sunshine 4.25 Rainfall in millimetres 4.7
      59 words

  • SHIPPING TIMES
    • 319 17 Reuter WAR RISK insurance premiums on ships sailing to two Iranian Gulf oil terminals have been doubled, marine insurance brokers said. The increase was announced after reports of a missile attack on a Saudiregistered oil tanker, which was ablaze in the
      Reuter  -  319 words
    • 613 17  -  By LINDA CHEE LYKES LINES has appointed Straits Container Agencies as its new agents in Singapore following the termination of its agency agreement with Boustead Shipping Agencies. With the transfer, which will take effect from June 20, Lykes is ending 12 years of
      613 words
    • PORTSIDES
      • 112 17 Reuter AUSTRALIA'S WATERSIDE workers have settled a dispute with employers which led to a 22day go-slow and halved the rate of cargo handling at Australian ports, a Waterside Workers Federation spokesman said. Terms of settlement were reached with employers through the New South Wales Arbitration Commission, he
        Reuter  -  112 words
      • 57 17 INDONESIAN CUSTOMS have seized two shiploads of fruit being smuggled from Singapore into Palembang, south Sumatra, Antara News Agency reported. Two Indonesian ships, the Iramuar and the Palapa, were intercepted at the weekend while sailing to Palembang carrying about 1,000 cartons of foreign fruit each, worth an
        57 words
      • 52 17 UPI TWO PASSENGER ships sank in storms in the Bay of Bengal on Tuesday leaving at least 17 people dead and 50 others missing. The ships were travelling between mainland Bangladesh and the island of Kutubdia. A Search operation was underway on Tuesday. No other details were
        UPI  -  52 words
    • 658 17 Shipping UfW Cot Abe* Transport V I Alea VI 3 Ahrenkiel Liner vn 5 Alpac VI 5 Aniara Shpg IV 1 A PC Line V 4 APL m 4/5 ASCL m I Asia broker V S Austasia Line V 1 Bait-Orient vn 4/5 Bangkok Cont VI 2
      658 words
    • 849 18 Seatrade WHEN A COMPANY announces that it is going to spend around US$22O million and more than double its capacity on a trade which many would argue is already over-tonnaged, a few eyebrows are bound to be raised. President and chief executive of Lykes Brothers Steamship
      Seatrade  -  849 words
    • 1740 18 TIME-CHARTER fixing and grain chartering remained fairly active on the freight market during the UK Bank Holiday but other sectors were neglected, shipbrokers said. A 116,000 tonner on Tuesday was arranged on timecharter from the Continent for a voyage to the Far East at U552.75 per long ton,
      1,740 words
    • 234 18 SHIPOWNERS have started providing a welcome and effective support to the World Maritime University. A donation of US$lO,OOO has just been made by Mr A J Chandris, one of the most prominent and leading shipowners of Greece. It is the first time that a shipowner has
      234 words
    • 782 18 AFP FIRMER rates were again paid on the freight market last week, with the US North Pacific/Japan grain payments reaching their highest Jor over 3M* years. Trading was brisker than expected despite holidays in Europe at the beginning of the week and in Japan, but with strict imposition
      AFP  -  782 words
    • 192 19 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
      192 words
    • 306 19 Reuter CONSIDERABLE progress has been made towards establishing a dry/bulk/ freight futures market in London, the London Commodity Exchange (LCE) said in a discussion document on the proposed new market. The market, based on a daily ocean freight index to be introduced by mid--1984,
      Reuter  -  306 words
    • 110 19 SINGAPORE HAS been chosen as the venue for the Asian Offshore/Marine Inspection, Repair and Maintenance Exhibition and Conference. The event will be held between Feb 26 and March 1 next year at the World Trade Centre. Its organisers, Institute for International Research (IIR) Exhibitions, said Singapore is most
      110 words
    • 172 19 AFP THE world shipping mar, ket pulled out of the deepest trough last year and is entering into a recovery phase during this year or next, a major Japanese shipping firm has reported. Nippon Yusen Kaisha (NYK Line) has painted a rosy picture in
      AFP  -  172 words
    • 135 19 Reuter A TOTAL of 57 ships were waiting for berths at India's major ports on May 5, down from 206 on April 12 after a 26-day port strike, Indian Shipping and Transport Minister VB Reddy told a parliamentary committee. There was congestion only at Kandla and Bombay,
      Reuter  -  135 words
    • 440 19 Lloyd's List A GROUP OF unscrupulous attorneys acting in collusion with dishonest shipowners are manipulating the Greek legal system to defraud cargo owners, said the International Maritime Bureau. Abuses of the non-spe-cialist court system in Greece have been exposed by the IMB in
      Lloyd's List  -  440 words
    • 7239 24 QSGaBEKDILB 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
      7,239 words
    • 649 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival date/time Operator Godws for LCL cargo FCL movement schedule Location Gold Alisa Maersk Rondo Glory Ace E Better B Dahlia Plata Char Ming Zim Eilat P Fillmore TW Bridge L Srimathi Yanshan As Pallas Takari 1 Or
      649 words
    • 1742 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A-B AFEA African Shipping Agencies (S) Afra-EarasU Liae Transgroup (S) AkreaUel Liaer ServW Kim Shpg (S) Alfred C Taepfer Oceanus Shipping Agency (S) Manntex Enterprise (PK) Alpar Intrasea (S) Bintang Shpg (KL) Island Cargo Handling
      1,742 words
    • 869 26 ALGIERS Algiers March 31st. About 4-5 days delays with 29 vessels waiting. ANGOLA Luanda April 19th. No berthing delays. Lobito April 18th. No delays. ARGENTINA Bahia Blanca April 10th. Waiting times of about 20 days. Buenos Aires April 10th. 7 ocean-going vessels discharging, 15 loading, 4 repairing and
      869 words
    • 532 26 AT CONVENTIONAL WHARVES Vessel KEPPEL WHARVES Chidambaram Gogo Royal Good Captain Silver Star Sonbai Straits Venture Tropical Moon Watergeus Alpha Pacific Anjou Bai Yun Shan Jenson IV Kota Angkasa Merdeka Murrayeverett New Whale Rajah Brooke Seisho Maru Stolt Llandaff Straits Pride Toyofuji Maru No 3 Yelena Stasova
      532 words
  • Page 17 Advertisements
    • 311 17 HEUNG-A SHIPPING Koroa Flag Vsls Regular Liner Semi-Container Service To: P. Kelang/Penang/Bangkok/Keelung/ Bus an/Inchon Fm: Busan/Moii/H. Kong S'pore Agent: Neptune Agencies Pte Ltd Tel: *****77 P.K. *****4. PN *****5 K.L. *****0 CO T f> I K DIM \M Ml *7i FULLY CONTAINERISED SERVICE TO EUROPE VIS SUEZ FROM EUROPE VIA
      311 words
    • 351 17 UASC UNITED ARAB SHIPPING CO SAG) NATIONAL LINE OF BAHRAIN. IRAQ. KUWAIT. QATAR. SAUDI ARABIA AND UNITED ARAB EMIRATES EXPRESS MULTI-PURPOSE SERVICES FULLY CONTAINERISED SERVICE KROM JAPAN TAIW AN HOV.kOV. TO \R Alii AN (.1 IA RED SEA SERVICE Al MftQAB *5 I 1/S I N/| I lot I t,
      351 words
    • 24 17 TitetllD3 LONDON Freights l|/||| CONSORTIA 111 SHIPPING Schodulo VIII/IX CONTAINER Schodulos IX WHO Acts for Whom IX PORT Conditions X SHIPS In Port X
      24 words
    • 844 17 Times Bookshoo* MAERSK LINE EXPORT FULL CONTAINER SERVICES M. RANDO M RANDO M RANDO M. RANDO M. RANDO 17-17/5 24-24/5 31-31/5 7-7/6 14-14/6 IS-19/5 25-26/5 1-2/6 8-9/6 15-16/6 LEXA MAERSK LOUS MAERSK LEGE MAERSK LED A MAERSK UCA MAERSK Singapore closkg tmes *cv k/5 moo hrs cfs 13/s ?m Im
      844 words

  • Page 18 Advertisements
    • 381 18 wmm FAR EAST/EUROPE CONTAINER SERVICE 2) Rdam I 3) H'burgl 4) Gtwr| 30/5 4/6 5/6 6/6 11/6 12/6 13/6 18/6 23/6 20/6 25/6 26/6 ?7/6 2/7 3/7 «/7 9/7 10/7 11/7 16/7 17/7 18/7 23/7 2«/7 MM AU^MHto 1) Barcelona. Onoa. 2) Amsterdam. Antwerp. I Havre. Bask. UK. 3) Bremen.
      381 words
    • 394 18 W. Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South Wast Pacific North Waat Atlantic/Canada Faodar at Tokyo Faador at Koba Foodar at Koba a•** m u/u om kwh« in sit ki u m« is »yarn «SM M 21/1 N/l S. BOSH) 2C/I 27/t M/C KBO M A. KSSfI N/l
      394 words

  • Page 19 Advertisements
    • 917 19 The Straits Steamship Group occ Overseas Containers Limited k CONTAINERSHIP SERVICE TO UK/CONTINENT lITAAO MAM rrtilPttftH MT FtJMFURT EWSS .nana MT noons 4MHKUFKSS ranoEmns KJMWN anoK Eimss JOCMMI HWf tout 05 4 07/6 10/8 12/8 11/8 a/8 25/ i n/t 12/7 HP n/7 n/7 11/7 20/7 25/7 27/7 M/l Ml
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    • 600 19 Franco Belgian Services rfry h.,r ~W s, rwi < Wllh h4ir y ilstt rn I inrs *j|P fmi cowinpay soma to emmpe (Member of Ace Consorlium KOSEAN MCLM own M. CNEF HONGKONG COT OTMLOPMI mi cowmpgy satwg from aman SVOK t ttLMK ll Hwrt I'te f*Slmn Hm Bttavfn Ant R
      600 words
    • 58 19 NOTICE TOKO LINE MV "BOGO" VOY-n arrived m 4tfc May, 1M Consigness of all damaged general cargoes ex the captioned vessel are hereby notified that the General Survey will be held on the Friday. 11th May, ISB4 at Jurong Port Godown No TS-2 from 10:00 am to 3:00 pm. No
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  • Page 20 Advertisements
    • 830 20 EXPORTS S too H burg B haven Rdnm le Havre Antwerp J/S 5/6 7/6 16 10/( 10/6 12/® 13/6 15/6 l«/« 11/S 20/6 2i/c 2Vi 23/6 25/6 27/6 21/6 30/6 30/6 2/7 4/7 5/7 7/7 10/7 12/7 M/ 7 is/7 17 /7 lt/7 11/7 20/7 21/7 23/7 23/7 25/7 27/7
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    • 518 20 MC.Sline r l. goats ih %<. jtfinas FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ 1 Member ot the Ace Comortwn Spore PKetanj leHjme R'dim Fslowe Hburj Antwerp IRONSNORLO BRIDGf ?0N .M 13 S j| 4 16 3 6 S 6 Bt> K IACEMN ?4N .'1 S 2? b 9 6
      518 words
    • 509 20 EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCEPTING FCI I ICI CARGO FOR SGP PKL HBG FlI ROM ANN IHV F»n Uomf IS 05 It OS MOf 01 Ot 10 OS II Of 13 Of (.«.G»df 2f05 27 OS l»Ot 70 Of 22 Of 24 Of 2f Of Cm. Ihpmc 01
      509 words
    • 939 20 1 Everett Lines 1 COMPANIA PERUANA DE VAPOREES (C P V "PERUVIAN STATE LINE" 1 lor Mdt*r*ni Ho *nd *11 othff Peruvian ports will transhipment *t Hongtong *nd or Hot* Or tPV If»rottgt> lis of l*d«nf lo tmjl destination Penanf P Krtjnc Seaport MURRAYEVERETT* h.Pt/12May RAMONEVERETT* 13/14 toy 15/16 May
      939 words
    • 335 20 IXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES POST MIANG P( N*S 8 Abbas. B. Khomcn SINOSf MARiTWK PTE iID Ul *****44 1 I *****70 MAIOSt MARiTMf SON BHO let *****2 3 MALAYSIA TRADf 4 TRANSPORT LTD Tel ***** I ***** TO PAPUA NEW GUINEA/ Snfaport
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  • Page 21 Advertisements
    • 789 21 V PIL GROUP EAST AFRICA/REDSEA SERVICES VOYAGE SINGAPORE LOADING FOB: 521 A WA i?? BA E 501 22-2S/5 HOOEIDAH. JEOOAH, ADEN, POUT SUDAN, MOMBASA. D'SAI KOTA MUfINI E-505 2-5/8 HOOEIDAH, JEDDAH. AQABA, PTSUOAN, ADEN KOTAAGUNG E-507 15-20/6 HOOEIOAH, JEDDAH, MOGADISCIO. MOMBASA. D SALAAM KOTA CAHAYA KOTA PUSAKA COLOMBO/CHITTAGONG/RANGOON SERVICES BANGKOK
      789 words
    • 839 21 4 i I BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE UjfUROPE MmHani Cardgan Bay (iprnt Liverpool Bay Bremen fiprns Hamte| Eipreu Toka [iprnt Bonaton Honfkonf (ipitu nmn fwy.twow HAM B HAVEN RDM) HAVREI Frartlirt Eiprett Sato) Sated Sated Sated Ray Saied Saded Saied Saded < Lnrorpod by Saded Sa*W Safed
      839 words
    • 654 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINE Fit EAST fm COWTMO SfITCICt STORE KM) MAMPMI VlO-08 U/5 21/5 25/5 27/5 EXPRESS SEMI-CONTAINER SERVICE TO/FROM EUROPE TOKOHMM KOK »/5 27/5 BaabUfah 3EB m HMOURG 2/« IC/5 AWWIIP 5/4 21/5 rm vm hPi 17 21/5 17/ C 10/5 22/6 P KEIUC nnv IOWOM 4»
      654 words
    • 558 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon MYOMA YWA phashwegyawywa V 242 PAGAN HTONEYWA V 194 S'pore P Kelong Penong 12/13 May 19/21 May 21/24 May 26/26 May BANK LINE EXPRESS INDEPENDENT SERVICE TO UK/CONT IVYBANK CLYDEBANK SPORE R'DAM HULL HMBG 19 June
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  • Page 22 Advertisements
    • 972 22 ECUADOR/PERU/CHILE FEEDa MOTHER *SL SPORE NAGOYA GUAYAQUL 0111*0 UKA kmbai warn *33 «ocean am ma um,, CENTRAL AMERICA /CARIRBEANSEA feeder** mot*r*sl store nagoy. mzaimio acapulco acau KAKUPODRVU TEMAN 29 May km ALSO ACCEPTH6 PIOTO QUETZAL (24 )UN) S. LORENZO (27 UN) FEEDER *SL MOTXR *SL STORE NAGOYA C*BTOBAi PT CMtUO
      972 words
    • 319 22 a and containerised cargo** Diract to SrtJ Mm Et"* CTovn Eiai kUputo P£fa 15/S M/ 5 IC/C 12/6 22/6 OS*** MMtU V 5715F 13/5 HAYAKANA MMtU V Slltf 27/5 SA MM ****** S VAN DQI S TEL VlO3 Mil// L^J Dwtian I S port Clonm PFli Z9/4 28 '4 28'4
      319 words
    • 582 22 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE loa** tor lOS ANGlifs SAN FRANCISCO SCATHE TACOMA VANCOUVER BC Accotfi, fa Fa Conljnos t«i Hmk I An|ei*s 21/22 lb, 17 Ma AUSTRALIA EXPRESS CONTAINER SERVICE Acc«pto<| fa/Fa Conttnm *tw ictepln, hoirPMw, *ucl M l r H PRotonf- S p>< )M WM»« 11
      582 words
    • 753 22 SANKO ASIA LINE. FROM JAPANESE PORTS ANO HONGKONG 1 MERDEKA 2 SEISHOMARU 3 BEROMARI 4 KOYUMARU 5 SOON CHURN 6 TERM) 7 RAM TMOR Singapore GDNI9 11 May GON4S/11 May 15/17 May 16 II Mar 21/23 Mar 24/26 May 26/21 May Agents S.ngopore C f SKorp &Co Port Kelong JANAS
      753 words
    • 642 22 INTRASEA (PTE) LTD. I| 10 Anson Road »27 16 International Plaza Singapore 0207 Tel *****1 1 11 0 Linesi voaAsiAiin o BREAKBULK SERVICE TO EUROPE/UK DAHLIA *****05 S pore r Kt4»n( Loatfcnf for:>2/5 15/5 NANTES/ROTT/U.K (AVON) ALPAC LINE S^" ,CA ALPAC ASIA 165W8 tunes S pore P Kelang Loadnf for:
      642 words

  • Page 23 Advertisements
    • 620 23 NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE/UK (VIA SUEZ): TW BRIDGE 20W+... K JACEJM 24N 0 CHEF 39W HK CONTAINER 40W. SS BRDGE 46W C PAUL 40* A «*«•*< the ACf CefttOrtw* Hburi 6/6 14/6 28/6 3/7 U/7 16/7 Br em 7/6 15/6 29/6 4/7 12/7
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    • 606 23 QfiBAH HEUNG-A SHIPPI Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: BANGKOK. KEELUNG BUSAN. INCHON SEMI-CONT SERVICE TO CHITTAGOMG..CHALMA. CALCUTTA fOW *1,1 N!S HIPILMi AGENCRS Plf I ID TH ?/599///?/g*>434 ißooknjvi ???7blo (Opetatiom) ??09?M llrrmnali ??0?«50 7?0?504 (CFS) V» .1* AI.tNU TUNAS y ll* SON BHfi Kl Tel *****0 *****4 PK
      606 words
    • 825 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SH6OV' euiMKisSlfertet Streetl Sinfapore 0104 Ttlfptaw Numbers *****3 (15 Lim) Cable Address SINSOV SINGAPORE Telei Numbers RS ***** RS ***** RS 2510S P RELANG pc MNC M/S SHARIKAT NAH SOON SON BHD IST AND ?ND FLOOR MESSRS MAI THONG SWfW NO 1 JAtAN
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    • 9 23 ahrenkiel liner service gmbh DURBAN. JOHANNESBURG. MAPUTO MAURITIUS REUNION
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  • Page 24 Advertisements
    • 795 24 Regional Container Lines 2 Sailings Weekly I.IfIJPJ Reliable Regular Punctual .Berthing PS A 1500 Hrs Tuesday Saturday REGULAR FEEDER SERVICE TO PHUKET/SONGKLA VOY STORE SKI* vor STOW RAJ ANA BHUM 111 182 10 Mar 245/246 Saded -5. i SINGAPORE ISLANDS UNE "ALPHA PACIFIC STAR CAPfLLA REIKO KUSU ISLAND *Hea»y Wt
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  • Page 25 Advertisements
    • 73 25 LICORNE smwig 0 ocuLKMi SMPPMG (S) PTE LTD. SALES/BOOKNGS TEL 2205M1 (I LMES) <^Seawinds DIRECT FULL CONTAINER SERVICES TO US PACIFIC COAST am»ti tarns ORIf NT Al Sf A WINDS I INf R AGINC* PTF I ID SINGAPORE TEL 72QSM1 SALES/BOOKINGS MALAYSIA GENERAL FREIGHT (M| SON BHD PK MO44A KL
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    • 199 25 Scan Dutch V To Europe (Med/UK/NC/Scan) Anson In Port Anson 17/5 Anson 24/5 Anson 31/5 Anson 7/6 FE P. KELANG B Kemumng 11/5 B Butang 18/5 B Kemuntng 25/5 B Butang 1/6 B Kemumng 8/6 MARSE,LLES 2) ROTTERDAM 3) HAMBURG 4) GOTHENBURG B Perm* Nihon Rof rijan N. DeW Setandia
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  • Page 26 Advertisements
    • 17 26 For further information or enquires: Keppel Wharves *****76 Jurong Port *****66 Sembawang *****11 Pasir Panjang/Marina Wharves *****77
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    • 102 26 WORLD LINE GRA CHARTERING M.V. MONTAUK GANNET 24/26 May loading for Capetown. Reunion. AGENTS: TAISIN SHIPPING PTE LTD WORLD TRADE CENTRE 1 MARITIME SQUARE #12-18 SINGAPORE 0409 TLX: R*****1 TEL: *****11 COLUMBUS LINE REEOEREI GMBH EXPRESS SEMI CONTAINER SERVICE TO HULL ROTTERDAM HAMBURG S*>(ipore SAILS BOOKINGS T£L ??***** <8 ft
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  • Page 26 Miscellaneous
    • 156 26 mnciij, inursaay, may iv, 19M Regional Weather fi M m fi s m S/i M 4 A S I 5! 1 V A \-4 A 3? > at i as 5 Is SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING LEGEND: MIM^tr, ann Temperature a C y Shower
      156 words