The Business Times, 24 January 1980

Microfilm: NL10700
Total Pages: 20
1 20 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 110/1/80 THURSDAY, JANUARY 24, 1981 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Shah arrested claim
      60 1 UPI LONDON, Wed. Iran has announced that Shah Mohammed Reza Pahlavi had been arrested in Panama but an aide to the exiled monarch and the Panamanian National Guard denied the reports. "I can flatly deny the rumour," Mr Mark Morse, an aide to the Shah, said in
      UPI  -  60 words
    • Article
      Lock icon Tito improving
      53 1 AP BELGRADE, Wed. President Josip Broz Tito is reported to be improving and beginning to get up from bed after the weekend amputation of his left leg. "President Tito spent the night quietly and feels well," his eight-doctor medical panel said in its daily advisory on the 87-year-old
      AP  -  53 words
    • Article
      Lock icon Afghanistan delegation
      65 1 AFP KARACHI, Wed. Afghanistan is sending a delegation to attend the Islamic Foreign Ministers Conference beginning in Islamabad on Jan 26 to discuss the Soviet intervention in Afghanistan. A local English language evening paper quoted Mr Agha Shahi, President Mohammad Zia ulHaq's adviser, as saying that he had
      AFP  -  65 words
    • Article
      Lock icon Loan for Thailand
      58 1 AFP BANGKOK, Wed.— The Bank of Thailand has finalised a US$2OO million loan from a group of overseas banks to prop up its official reserves. Final agreement will be signed within the next month. It is repayable in 10 years at an interest rate of .75 per
      AFP  -  58 words
    • Article
      Lock icon Monetary policy review
      57 1 Reuter ABU DHABI, Wed. The president of the Arab Monetary Fund today called for an international agreement to prevent a repetition of the US decision to freeze Iranian assets, the official Emirates News Agency (WAM) said. "The US decision sets a dangerous precedent for international financial and
      Reuter  -  57 words
    • Article
      Lock icon New tourist centre
      71 1 AFP HONGKONG, Wed. China is building a new tourist centre only 15 minutes bus ride across the border from Macao, the New China News Agency reported today. The centre is shaping up in Zhuhai, a town on Chinese border in Guandgong Province. Located between Xiangshan Bay and
      AFP  -  71 words
    • Article
      Lock icon Purchase prohibited
      55 1 AP CANBERRA, Wed. The Australian government has decided to prohibit the purchase of extra land sought by the Japanese tourist promotor, Iwasaki Sangyo Company, at Yeppoon in central Queensland, Treasurer John Howard said. The proposed extra land would have increased Iwasaki's resort area by more than 1500 hectares
      AP  -  55 words
    • Article
      Lock icon Dow Jones
      51 1 AP NEW YORK, Wed. Stock prices declined slightly this morning as traders watched the price of gold fluctuate wildly in world markets. The Dow Jones average of 30 industrials slipped 0.85 to 865.36 in the first half hour. Losers slightly outnumbered gainers among New York Stock Exchange-listed issues.
      AP  -  51 words
  • Chief Price Changes
    • Article
      Untitled
      133 1 Rises Indices New Serendah A Enterprises Temerloh Msian Ctainers Sel Properties Kings M A A Kuala Sidim Keck Seng Sel Coconuts Semb Shipyard 392 408 600 296 540 366 180 362 328 286 252 42 32 30 27 10 6 5 4 4 4 4 Jan 22 Jan 23 B.T.Index:
      133 words
    • Article, Illustration
      KUALA LUMPUR
      156 1 Inch. KK Kluang A Amal S. Kinta Castlefield Tronoh Rises 1060 440 700 980 2050 1180 Falls 378 err 258 835 237 260 300 362 70 30 30 30 30 20 Indices Jan 22 Jan 23 B T Index: 5479.96 5433.85 Industrials: 491.09 489.27 Finance; 720.71 714.81 Hotels:
      156 words
  • Article, Illustration
    The darker side of gold trading Public needs to be protected
    1759 1  -  TIGHTER REGULATION NEEDED By THE EDITOR GREED has again received its come-uppance. Those dazzled into crass folly by the shining allure of gold, the eternal dreamers of fortune without effort, are again nursing their wounds as they or their
    1,759 words
  • Article
    Frenzied selling as gold slips below US$600
    488 1 TRADING on gold markets yesterday reached frenzied heights again as the price fluctuated within a tremendously wide margin of US$lOO an ounce. Reflecting the sharply easier tone in Far East markets, early trading in London saw the price plunging to US$5BO an ounce,
    488 words
  • Article, Illustration
    When waiting is hard
    11 1 Where are the smiles of last weekl
    11 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      7 1 rl l r o Vcv: I f
      7 words
    • Advertisement
      Page 1 Advertisements Column 2
      159 1 THOMAS ROBERT ALWAYS OAiC STEP AHEAD the trained specialist... -4k w. A THOMAS ROBERT BROKER ...widely experienced, well inform-.-d and highly capable of analysing the most complex risks. He is typical of the new breed of professional insurance consul tants. Just as sound financial control, innova tive marketing and progressive
      159 words
    • Advertisement
      Page 1 Advertisements Column 3
      59 1 SHIPPING TIMES BIRTH of Singapore Furniture Industries Council 2 AUSTRALIA accepts Japan's Pacific basin concept UNDESIRABLE to change tax system radically 7 PROSPECTS better for KL car companies 11 SINGAPORE dollar likely to assume bigger role 12 LOCAL MBA available this year 12 AIRCRAFT 5, TV AND RADIO S, CROwSSWORD
      59 words
    • Advertisement
      Page 1 Advertisements Column 4
      101 1 Trust Sony for your video needs RICOH WP-1 Our first fully automated intelligent memory typewriter. The WP-1 word processor by Ricoh. A fast, flexible solution to manual typing, editing and information storage in your office Special thin window display gives you accurate line by line editing High speed printer gives
      101 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article, Illustration
      Packaging machines for Japan Pack
      255 2 PACKAGING machines for food and cosmetics will be featured at the Japan Pack exhibition due to be held next week at the World Trade Centre. The show, which brings the latest Japanese developments in packaging machinery to Singapore, will be on from Jan 29 to
      255 words
    • Article
      China's oil industry
      361 2 A GROUP of China-watch-ers will gather in Singapore on Feb 29 to participate in an international forum on China's oil industry. The conference will concentrate on changes in the country and prospects in the Chinese petroleum industry. One of the key speakers of the day will be
      361 words
    • Article
      S'pore Furniture Industries Council formed
      472 2  -  By WANG LOOK KEAH A SINGAPORE Furniture Industries Council (SFIC) has been formed to look after the interests of the furniture industry and to represent Singapore in the Asean Federation of Furniture Manufacturers as a constituent member. Formed by the Singapore Manufacturers Association, the SFIC
      472 words
    • Article, Illustration
      Textron's regional office
      167 2 THE GIANT US manufacturing conglomerate Textron has opened a regional trade office in Singapore to handle the Far East market. The office, located in Jurong, is run by Mr Harold N Tune, trade development director of the group in the Far East. Textron enjoys sales of more
      167 words
    • Article
      On computer graphics and data systems
      220 2 A LOCAL engineering group. Mechanical Combustion and Engineering (Mecomb). begins its 1960 series of courses for clients and other interested persons with two new programmes designed for managers to understand computer graphics and data communications and networks. The data communications course, to be held
      220 words
    • Article
      Horticulture and aquarium fish
      145 2 THE MINISTRY of National Development »111 be holding a horticulture and acquarium fish show the first of its kind in the Republic since IfK. It will be held at the World Trade Centre from Sep 11 to TZ. In the previous show, which was held at
      145 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      322 2 HAW PAR Brothers International Limited has announced the appointment of Michael T»h as group personnel manager. Mr Toh graduated in 1971 with a B.Sc. from the Australian National University, and obtained an M.A. in Industrial Psychology from the University of Sydney the following year. He was personnel
      322 words
    • Article
      MEMO PAD
      569 2 COURSES AND TALKS Jan 14-25: Basic Industrial Statistics, National Productivity Board Town Training Centre, National Productivity Board Jan 21-Feb 11: Sales Management, National Productivity Board Town Centre, National Productivity Board Jan 28-29: Project Control Through Critical Path Analysis, Hyatt Hotel, Price Waterhouse Jan 28-Feb 8: How to Identify
      569 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      249 2 Just Published! o\umn C Jou< Tfte \jpS*^ SEW f wJ*2k t C< If 07/ Was Chairman Mao a secret communist? Is America in danger of going capitalist? Do airlines discriminate in favor of baggage? Are you suffering from trans-galactic schizophrenia? Is the Abominable Snowman having a secret affair with Nessie,
      249 words
Page thumbnail Page 3
  • REGIONAL
    • Article
      Lock icon Thailand to send oil to S'pore refineries
      380 3 Reuter BECAUSE of its limited refining capacity. Thailand will send its crude oil to Singapore's refineries for the first part of this year, a spokesman for the Petroleum Authority of Thailand said yesterday. The spokesman said the Petroleum Authority of Thailand is preparing
      Reuter  -  380 words
    • Article
      Lock icon Asean may have to review policy
      199 3 UP! INDONESIA and other Asean members may have to review their non-aligned foreign policy if they intend to join the Pacific Community, an Indonesian government adviser said yesterday. Commenting on the Pacific Community concept recently forwarded by Japanese Prime Minsiter Masayoshi Ohira, Mr Lie
      UP!  -  199 words
    • Article
      Lock icon HK leather goods make big impact
      176 3 AFP SEVERAL European importers are investigating the possibility of Hongkong replacing Italy as a source for subcontracted supply of leather goods, official sources in Hongkong said yesterday. This follows a display of a wide range of Hongkong leather goods at the recent Salon De
      AFP  -  176 words
    • Article, Illustration
      Lock icon MAHATHIR CALLS ON INDIRA
      41 3 Sltl a i y M S!f r Mohammad (right) calling on India's Prime Minister Gandhi w Delhi on Tuesday. Dr Mahathir was In New Delhi for the United Nations Industrial Development Organisation conference. UPI photo. UPI photo
      UPI photo  -  41 words
    • Article
      Boomtime for Chinese light industries
      557 3 CHINA'S light and textile industries are booming. Demands for light industrial goods and textiles have grown following a rise in the (state) purchasing prices for farm products and the raising of workers' wages, the New China News Agency (NCNA) said yesterday. Buoyant demand is encouraging
      557 words
    • Article
      Lock icon Strike by Thai workers cools
      121 3 AFP THE walkout by workers which threatened to cripple Bangkok's public services cooled yesterday morning as unions and employers softened their stand. Two of the plants at the Thai Tobacco Monopoly (TTM), where the strike originated, re-opened yesterday with nearly 1,000 of the dismissed 8,000
      AFP  -  121 words
    • THE REGION IN BRIEF
      • Article
        Lock icon RAILWAY OPENS
        533 3 Agencies A NEW 108-km railway, running from Jining to Heze in south west Shandong Province in east China, has opened to traffic on Jan 20. The new railway is linked with the Tianjin-Pukou railway by the Yangzhou-Jining railway, the New China News Agency (NCNA) said yesterday. A TAIWAN
        Agencies  -  533 words
    • Article
      Lock icon Japan's trade balance shows, deficit
      267 3 Reuter JAPAN'S customs cleared trade balance last year showed a deficit of US$7.5O billion compared with an $18.20 billion surplus in 1978, the Finance Ministry said. FOB exports rose 5.7 per cent compared with 1978 to $103.09 billion while CIF imports rose 39.4 per cent
      Reuter  -  267 words
    • Article
      Manila to draw up contingency plans soon
      301 3 CONTINGENCY plans of the Philippine government in face of possible dangers from current international tensions are expected to be announced after the Jan 30 local body elections, informed sources said yesterday. These plans were adopted behind closed doors on Monday during a meeting
      301 words
    • Article
      Port Klang may develop P. Lumut
      208 3 THE POET Klang Authority is considering several development plans to meet future challenges, including the development of Pulau Lumut, off the present port area. The port's container terminal manager, Mr Raja Shahruddin bin Raja Hamzah, in a briefing to the visiting Chinese shipping mission
      208 words
    • Article
      Lock icon Seoul replies today
      66 3 Reuter SOUTH KOREA would give a reply today to a North Korean proposal for talks on reunification of the two countries. A South Korean spokesman said a letter from Prime Minister Shin HyunHwak to his North Korean counterpart Li Jong-Ok would be delivered by two liaison officials
      Reuter  -  66 words
    • Article
      Lock icon Bridge over troubled countries
      455 3 Agencies UNITED NATIONS Secretary-General Kurt Waldheim arrived in Islamabad yesterday to try to normalise relations between India and Pakistan. Dr Waldheim, who had talks in New Delhi with Indian leaders, said he hopes to play the role of a "bridge" between India and Pakistan in normalising
      Agencies  -  455 words
    • Article
      CHINESE OIL OUTPUT
      309 3 CHINA will have difficulty increasing its oil production this year and it may not be able to meet its commitment to sell 8.6 million tonnes of crude oil to Japan, a Japanese trade delegation to Beijing was told yesterday. The Chinese warned that the target for shipments
      309 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      277 3 C ORCHARD PUVZA jtiWtimpitfile $success Orchard Road's most bustling shopping, tourist, entertainment commercial/office centre SHOP AND OFFICE SPACES FOR SALE OR LEASE V N» £11 *jr V**' rrrTi URBAM redevelopment \&i PROJECT Situated at Orchard Road/ Koek Road (next to the Cold Storage), the core of most promising tourist, entertainment
      277 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      Lock icon Fema to revise goals
      264 4 Reuter THE U.S. Federal Emergency Management Agency's (Fema) report to Congress on the defence stockpile will contain revised goals for some strategic and critical materials, informed sources said. But it was denied that the US is planning a build-up of natural rubber stocks. A Fema official
      Reuter  -  264 words
    • Article
      RICE
      330 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 100 per cent second class 0.83, 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-su per 0.63, Special
      330 words
    • Article
      RUBBER
      354 4 THE SINGAPORE market closed sharply lower yesterday with February One RSS buyers quoted at 344.00 cents per kilo, down 23 cents from Tuesday's close, dealers said. Morning prices were marked down about 17 cents on lower London advices and selling after gaining some ground on upcountry buying and covering
      354 words
    • Article
      RAS PRICES
      414 4 R A S. prices in cents per kilo yesterday: Noon Close < per kilo I (per kilo) Buyers Sellers Buvers Sellers Int 1 R.S.S prompt f o b 348 00 350 OON 342 00 344.00N Inl. 1 R.S.S. February 350 00 352 00 344 00 346 00 Int
      414 words
    • Article
      SSR and SMR
      111 4 NOON SSR and SMR price* yesterday RAS SSR 20 SSR 50 MRELB (l ton pallet 1 11 -ton palletl February (Current Mthl Buyers Sellers 307.50 I0950N 104 50 306.50N March (Forward Mthl Buyers Sellera 309.50 *****N 306 50 308 SON SMRCV SMR L SMR 5 SMR CP
      111 words
    • Article
      Straits Tin
      92 4 THE Penang Straits tin price fell Ms3l per plcal to $2,22«, still $271 above the International Tin Agreement ceiling, dealers said. They said conditions eased following the overnight weakness in London dne to heavy profit-taking. The fall represented a technical correction to recent highs bnt a reduction in
      92 words
    • Article
      CLOSING PRICES
      39 4 Rubber: Jan 23 Singapore: February: 344.00 cents (down 23.00 cents) Malaysia: February: 350.00 cents (down 22.00 cents) Tin: M $2,220 (down $31) (equivalent to $36.71 per kilo) (down 51 cents) Official offering: 184 tonnes (down 71 tonnes)
      39 words
    • Article
      TEXTILES
      196 4 YARN cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) (otton yam: China Blue Phoenix 20s 2,315; 32s 2,850, 40b 3.050 (per bale of 400 lbs). P»«<* Kooda: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq;
      196 words
    • Article
      PALM OIL
      147 4 THE MARKET in Kuala Lumpur yesterday continued higher on sellers' reluctance due to the firmer overnight Rotterdam market and local shortcovering, dealers said. Trading was active on sustained overseas interest for processed oil, they said. In the February position, the southern region gained M 57.50 and northern region
      147 words
    • Article
      SOYBEAN
      129 4 CBT soybean futures closed 1 2 cent to four cents a bushel lower on Tuesday. Hedging weighed on prices late in the session, traders said. Bean prices fluctuated with trends in CBT wheat, moving to the upside with wheat at midday before gradually retreating during the afternoon, they said.
      129 words
    • Article
      WHEAT
      110 4 CBT wheat futures closed six to 3 3 4 cents a bushel higher on Tuesday. Exporter and professional buying boosted wheat prices, traders said. The buying may represent covering for export business, possibly with China or Brazil, they said. Scattered exporter selling late in the session brought prices off
      110 words
    • Article
      LONDON MARKETS
      826 4 COFFEE: Robusta futures extended opening losses slightly, especially in distant months to end the morning £25 to £47 per tonne lower. Turnover was 2,740 lots including 22 options. Actively traded March lost £25 at around £1,496 after trading within a high low range of £1,510 to £1,486. New
      826 words
    • Article
      Produce exchange
      269 4 TRANSACTIONS in commodities at the Singapore produce market were struck in quiet and listless conditions yesterday. The market opened quietly and drifted throughout the rest of the day. Dealers commented that there was a general absence of interest among the major buyers, resulting in fewer deals and few
      269 words
  • ASIAN STOCKS
    • Article
      Prices higher
      497 4 TOKYO SHARE prices closed higher in active trading yesterday after late profit-taking pared initial gains, dealers said. The Dow Jones average rose 9.60 to close at 6,694.19, after briefly touching a record 6,684.59 in the afternoon, with volume of 660 million shares. The Tokyo Stock Exchange index closed
      497 words
    • Article
      Sydney
      398 4 STOCK prices closed lower in the wake of plummetting world bullion and commodity prices yesterday, despite a late rally, dealers said. Falls across the mining boards outnumbered rises by about 10 to one following a major price correction prompted by the slump in the gold price. MIM was pushed
      398 words
    • Article
      Lock icon Hongkong
      374 4 Source: SHK See THE MARKET fell yesterday following the gold market crash, fears that margin requirements may be raised via the stock market and disappointment over Tuesday's land auction. Early trading saw little support but after the market was down around 10 points, good support was seen. Prices improved
      Source: SHK See  -  374 words
    • Article
      Manila
      138 4 THE market closed with commercials, industrials, oils and minings generally easier yesterday, dealers said. Turnover declined to 16.5 million pesos from Tuesday's 25.9 million. JAN 2J Pesos Aco)t Mining 0086 o (Mm Atlas con A Atlas On B 37 00 -6 25 Baguio Gold 0088 unrh Con B 66
      138 words
    • Article
      Bangkok
      223 4 JAN 23 Bahts Asia CrHit Asia Fibre US unrh Ayuthaya Inv And Trust Bangkok In\fs(rn«*nt 179 unrh Bangkok Bank 100 unrh Bangkok Drying And silo Bangkok Insurance 932 unrh Bangkok Metropolitan Ban Bangkok Nvlon Bank Of A*mi 143 unrh Bank Of Avurlhayi 1 l<1 182 -I h.n.i Berli Jurker
      223 words
    • Article
      Selected indices
      57 4 FINANCIAL TIMES INDUSTRIALS Tuesday 449.8 Monday 457.7 Week ago 441.7 DOW JONES AVERAGE INDUSTRIALS Tuesday 866.21 Monday 872.78 Week ago 868 60 H.K.HANG SENG Wednesday 878.39 Tuesday 884 91 Week ago 842 49 SYDNEY INDUSTRIALS Wednesday 606 79 Tuesday 613.85 Week ago 608 84 t ALL ORDINARIES Wednesday
      57 words
    • Article
      ISUZU
      77 4 ISUZU Motor Co said it will establish a joint vehicle sales firm in the US together with C Itoh and Co this year. The company will sell Isuzu vehicles as sales in the US through General Motors Corp are expected to fall because of GM's plan to market small
      77 words
    • Article
      Mitsubishi expects 50pc rise in net income
      201 4 MITSUBISHI Corp said it expects its net consolidated income for the 1979 business year ending March 31, 1980, to increase by about 50 per cent to 35.55 billion yen from 23.70 billion in the 1978 business year on sales of 11.50 trillion yen
      201 words
    • Article
      WMC offer
      101 4 WESTERN Mining Corp Holdings said it will not extend its offer of 11 of its own shares plus 50 cents cash for every 10 BH South stock units beyond the Jan 31 expiry date. It said its objective of acquiring all BH South's stock units cannot be achieved
      101 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      196 4 Why try to manage without it? More and more people with their sights set on the top management and senior corporate executive positions of tomorrow are turning to The Journal today Because so many of the people already in those positions acknowledge the contribution that it ian make to their
      196 words
Page thumbnail Page 5
  • OVERSEAS
    • Article, Illustration
      Lock icon IRANIAN CRASH VICTIMS
      42 5 RESCUE workers loading bodies of Iranian air crash victims into an awaiting helicopter near Teheran on Tuesday. The Iranian Air Boeing 727 had crashed into a mountain killing all 128 people aboard on Monday night. AP picture. AP picture
      AP picture  -  42 words
    • Article
      Lock icon Unions to blockade supplies for N. Sea
      584 5 UPI Reuter BRITAIN'S striking steel unions said Tuesday they will blockade vital supplies for North Sea offshore oil platforms in a bid to step up the three week old nationwide shutdown which has brought most steel production in Britain to a standstill. Union
      UPI; Reuter  -  584 words
    • Article
      Lock icon Negotiations on car shipments to continue
      368 5 Reuter AFP THE BRITISH government will continue to permit British Motor Industry representatives and the Japan Auto Manufacturers Association to negotiate export limits on vehicles, British Trade Scretary John Nott said in Tokyo. Mr Nott on a five-day visit to Japan, said he held
      Reuter; AFP  -  368 words
    • Article
      BP developing new production system
      194 5 BRITISH Petroleum (BP) Co Ltd said it is developing a new offshore oil production system which could make small offshore wells viable. BP said that the single well oil production system. Swops, can be used to produce oil from small reservoirs, currently uneconomic to develop
      194 words
    • Article
      Lock icon Congress yes to windfall profits tax
      551 5 UPI AP THE US House of Representatives and Senate negotiators have agreed on a U*****.3 billion oil windfall profits tax, including a $22.5 billion tax on 12,000 independent producers. However, the conference committee still have to work out differences concerning duration of the tax,
      UPI; AP  -  551 words
    • Article
      Lock icon Airlines fail to agree
      197 5 UPI WORLD airlines extended their latest round of tarifffixing talks on Tuesday having failed to agree on a new indexing system which would link fare hikes to operating cost increases, the International Air Transport Association (lATA) said. "The airlines don't want to give up too easily
      UPI  -  197 words
    • Article
      Lock icon Easing off on Iran
      465 5 AP BOTH the US and its western European allies will temporarily postpone the imposition of more economic sanctions against Iran, officials in Washington said on Tuesday. But they said the US wish to increase the economic pressure on Iran to release the 50 American hostages remains.
      AP  -  465 words
    • WORLD IN BRIEF
      • Article
        Lock icon UK JOBLESS RATE RISES
        453 5 Agencies UNEMPLOYMENT in Britain rose sharply this month to 1,470,621 6.1 per cent of the work force the Employment Department reported Tuesday. The announcement that unemployment had increased by 115,163 over last month drew protests from trade union leaders and a representative of the Confederation of
        Agencies  -  453 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      739 5 ARRIVALS 1 Service Local Operator Number Time From GLA GA980 1030 HLP MAS MH6G5 1045 KUL SLA SQ103 1100 KUL GLA GA944 1055 PKU GLA GA906 1100 MES QAL QF725 1115 DRW SLA SQ240 1125 MES PAL PR501 1135 MNL SLA SQ65 1155 MNL RBA BI423 1200
      739 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      7 5 (Cxotic Jfoofc (mat Wwftfdm Tel: *61 SOS
      7 words
    • Advertisement
      Page 5 Advertisements Column 2
      206 5 The rebuilding of a damaged Mercedes-Ben/ at Cycle Carriage. We have the expertise and the equipment. c Bodj rebuilding c The damaged body is stripped to the chassis, and put on the Celette body-alignment jig specially designed Jny for Mercedes-Benz. A hydraulic dozer lufij is used to straighten a damaged
      206 words
Page thumbnail Page 6
  • Article
    Bigger role for our dollar
    412 6 IT IS heartening to hear in these days of declining currency values that the Singapore dollar is finding increasing acceptance as a currency for international payments. Already several international suppliers of equipment have indicated their readiness to accept the Singapore dollar in their contracts. Although
    412 words
  • Article
    Right time to start MBA courses
    305 6 SINGAPOREANS are eager participants in the great paper chase and there will surely be a good many applicants for the part-time Master of Business Administration course when it is introduced by the University of Singapore later this year. It is a timely development now
    305 words
  • Article, Illustration
    Lock icon Australia accepts Japan's Pacific basin concept
    829 6  -  Japanese Prime Minister Masayoshi Ohira has managed to convince Mr Malcolm Fraser, his Australian counterpart, of the potential and feasibility of a Pacific economic community. LEONARD SANTORELLI reports. LEONARD SANTORELLI Reuter A PROPOSAL for an economic community linking Pacific nations has taken a step
    Reuter  -  829 words
  • Article, Illustration
    Lock icon Airport development a thriving business
    780 6  -  By LORNE BARLING FT THE WORLD boom in air travel which has generated huge demand for new, larger aircraft has at the same time created problems for dozens of countries whose airports cannot cope with the new demands placed upon them. These countries, particularly those
    FT  -  780 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      160 6 CARLOS CASTANEDA THE SECOND RING OF POWER Carlos Castaneda's journey into the world of sorcery has captivated millions. In this new book, he introduces dona Soledad, whose mission is to test Castaneda by a series of terrifying tricks. Thus, Castaneda is initiated into experiences so intense, so profoundly disturbing, as
      160 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1472 6 Arthur's mum is coming THERE'S an Interesting and varied line-up of programmes for viewers tonight. Just before dinner, tone In to Channel 5 for 29 minutes of the panel game What's My Line with Wally Braner. Almost Immediately following Is another programme worth watching the famous comedy series Candid Camera.
      1,472 words
Page thumbnail Page 7
  • Article, Illustration
    Undesirable to change tax system radically
    2248 7  -  Should reliance on consumption-based taxes be increased and, if so, what form should it take in Singapore? MUKUL G ASHER, senior lecturer at the Department of Economics and Statistics, Joint Campus, examines these questions. MUKUL G ASHER THERE are essentially three tax bases with
    2,248 words
  • Article
    From hustings to a little box at RTS
    903 7  -  with MARGARET THOMAS AN INTERESTING possibility was raised in the leader column of this newspaper last Saturday. Supporting the call by Dr Ow Chin Hock for our politicians to polish up their television image, the leader went on to suggest that our
    903 words
  • Article
    STRAWS IN THE WIND
    284 7 THE CURRENT gold rush has prompted the following poetic rumination which was sent to a British paper. The author may, however, be a deal less rueful now that the metal price is crashing ever lower. Entitled The Throgmorton Lad, it goes thus: When I was one
    284 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      153 7 senting several major shipping lines invites suitable applicants for the post of MARKETING MANAGER* THE JOB: To lead and motivate an experienced sales team in generating cargo support for the various liner shipping services covering a world-wide range of ports. Responsible to trie General Manager in formulating and implementing sales
      153 words
    • Advertisement
      Page 7 Advertisements Column 2
      180 7 EXECUTIVE RECRUITMENT SERVICES /£r PACIFIC MANAGEMENT RESOURCES PTE LIU Marketing Manager (Shipping Company) $40,000 $52,000 p.a. PMR 1120 We have been retained to advise on the appointment of a marketing manager for a well-known shipping agency company. Our client represents established international shipping lines, and is also engaged in freight
      180 words
Page thumbnail Page 8
  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        307 8 JAN 22 Krs (OKHUUK Air-I.iijuide -190 50 I 4 U S N (iervais Utnoiif 932 8 I' S K t ThomsonCai> f>44 6 I'le Kuiuaisr des Pftroks 256 13 I'oinpagnir Kinanciere C'oinpagnit* (ifnrralc 335 2 Credit Kotwier l>e France 445 7 Hachette i l.ibrain**> 220 5 Machines Bull 67
        307 words
      • Article
        Brussels
        95 8 JAN 22 Krs FORWARD MARKET Awe M -6 Arb«*d 2400 30 AMur 610 4 Brascan 626 14 Bru-Larnb 1675 5 CMnr 1072 -6 Cm 340 7 lie Beers .130 •14 V t>**> 2210 15 Klertrubel 6010 50 (ib-lnnu-Bm 2380 -15 (ie\ 920 -6 HtM 3065 45 Peiru 5730 10
        95 words
      • Article
        Frankfurt
        253 8 JAN 22 Dm Arg-Trlefunken Alczo 38 10 21 JOB 1.1 5 AIU Leben 86.-) 00 All/ Vm 447 OU -2 ha at 135 50 22 Buy H T Wbank 230 00 3 Hay \hank 260 00 unch H.» vt-r m m on BBt 290 80 6 3 hV A
        253 words
      • Article
        Amsterdam
        227 8 JAN 22 ris ABN 290 00 05 Ahold 82 00 09 AkJo 23 50 0 1 AMKV 98 HO -02 Ainfa.s 116 21) Ainro Bank 62 00 -03 Brrgou 41 50 0 5 Berk 91 00 Bols 60 00 08 Borsurmj 171 80 I 8 Burhnunn 57 20 unc
        227 words
      • Article
        Zurich
        188 8 JAN 22 Francs Actions Suisses 280 unch Alusulssr Br 1265 -20 Alu\uis\r Reg 481 •1 Brown Boveri Br 1775 -10 I'ltu Origy Br 1220 -IS Ciba Mid P C 940 -20 Ciba Geigy Reg 6811 unch Irrdil Suisse Br 2350 -5 Credit Suisse Reg 438 -1 Elektrowatl Br 2185
        188 words
      • Article
        Milan
        105 8 JAN 22 Lire Am* 950 -0 25 Anmh tirn ***** •1170 basto|(i 771 26 Cwuak 7930 30 F lal Mi 23 F MMN 92 dfti Irnmob 69 -3 75 IH Pn 2460 •i:s lialeementi MM -800 ItaltfaN 801 -49 IlalMder 240 -5 MflWU M P| 595 •15 i Marelli
        105 words
    • Article
      Prices retreat in heavy trading
      975 8 NEW YORK THE STOCK market on Tuesday retreated in heavy trading as high-flying precious metals stocks were dragged down by steep declines in the prices of gold and silver bullion. Gold fell U*****.50 an ounce to $682 in New York and silver $10 as traders
      975 words
    • Article
      TORONTO
      158 8 JAN 22 CI Hud Bay Min 34 -2 AbiUbi 20 Imp Oil 41 -l*. Alcan 63 -1'. Algoma 34 18 Bank Mont 25"» Bank Nova Scotia Bell Tel 23 20 Kerr Add 17 -1 Beth Corp 11' BP Can Ltd Brascan Camp Red Lake 36 24 34'. -1». -3'.
      158 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      667 8 See Page 4 for Asian stocks See Page 9 for Jo'burg prices 113 wine V s!>c CTjcf crtruct? at 8.15 pm cucri) 2:l)ii ti?bnj) nt flje -Hat-otto Xalilc. £i In the best European tradition of old, our Chef will ceremoniously carve a succulent roast, done to a turn, on the
      667 words
    • Advertisement
      Page 8 Advertisements Column 2
      87 8 rt I a A reputation for fine Cantonese food. Fortuna Restaurant offers one of the widest selections of Cantonese cuisine in Singapore. Each dish reflects a subtle blend of natural flavouring and spices, a taste which is distinctive of true Cantonese cuisine. Entertain your business associates, friends and relatives at
      87 words
Page thumbnail Page 9
  • BANKING AND FINANCE
    • Article
      Increased rates for deposits and loans
      561 9  -  By RUTH CHENG FINANCE companies have increased their interest rates for deposits and loans by as much as '2 point in the space of one month. Rates are expected to be brought up further during this period before Chinese New Year, depending on the
      561 words
    • Article
      Extension of limitations for banks in Germany
      164 9 THE West German Federal Banking Supervisory Office said it is extending the limitations on banks' open positions in foreign exchange dealings, to open positions in precious metals. The Bundesbank has agreed to this move. The extension will be effective from Feb 1, with
      164 words
    • Article
      Move to recover deposits
      97 9 THE Iranian central bank, Bank Markazi, intends to start proceedings against Bank of America's Paris branch within the next few days, to recover deposits frozen under President Carter's blocking order on Iranian funds. The move follows a series of court actions against Citibank's Paris branch. The
      97 words
    • Article
      African states advised to cut public spending
      315 9 THE director-general of the International Monetary Fund (IMF), Jacques de la Rosiere, advised African states to cut public spending,. devalue their currencies if necessary, and increase interest rates. He hinted that IMF loans would not be available to those who did not take
      315 words
    • Article
      Japanese seek yen CD expansion
      295 9 THIRTEEN Japanese city banks are urging the Finance Ministry to expand the framework for their issues of yen-denominated negotiable certificates of deposits (CDs) from next April, in view of the good progress under the existing limits. Outstanding yen CD issues by city banks totalled 925
      295 words
    • Article
      Borrowed crowns
      84 9 THE kingdom of Sweden has raised via Credit Suisse 200 million Swiss francs in two equal private placements. The amount is split into a 100 million 5 3 per cent five year tranche and a 100 million s'/j per cent six year segment. Both parts are priced at
      84 words
    • Article
      NEW HEAD FOR NY BANK
      654 9 ANTHONY SOLOMON, under secretary of the Treasury for Monetary Affairs. was named president and chief executive officer of the Federal Reserve Bank of New York, on Monday. Mr Solomon was nominated for the job by the directors of the New York Bank last Thursday. On
      654 words
    • Article
      GOLD
      379 9 GOLD futures in Singapore closed sharply lower yesterday compared with overnight levels in moderately active trading, dealers said. Trading was suspended for an hour yesterday morning as prices opened limitdown across the board following the metal's sharp decline in New York on Tuesday night and in Hongkong yesterday morning.
      379 words
    • Article
      JO'BURG STOCKS
      321 9 JAN 22 Rand INDUSTRIALS A Alpha 260 -S Abercom 282 -13 AE And CI 585 -5 AMIC 2050 -50 Barlows 810 -15 Cf Sugar 1050 -10 CNA 395S Currle Finance 135 5 Dp Beers Ind 2100 unch Edcon 490 unch Edgars 5650B Eveready Fed Votk 410 -20 Fugit
      321 words
    • Article
      Special margin for Benguet
      46 9 THE New York Stock Exchange said Benguet Consolidated Inc's "B" shares will be subject to special initial margin and capital requirements, effective from Jan 21. The special initial margin will be 100 per cent and will be in effect until Feb 8.
      46 words
    • Article
      Malaysian loan issue
      43 9 THE Malaysian government said it is making a MJ4OO million loan issue on the domestic capital market, which will comprise of $72 million of 7.15 per cent 10 year stock, and 328 million of 7.70 per cent 17 year stock
      43 words
    • Article
      Singapore market
      485 9 THE U.S. dollar slipped during the day from its overnight levels despite the absence of any fresh factors in the market. It opened at 239.25 45 yen, down from Tuesday night's close of 240.50 60 Trading continued to favour the Japanese currency, with the dollar finishing at 236.80
      485 words
    • Article
      Tokyo
      165 9 THE U.S. dollar for overnight delivery closed easier yesterday at 238.20 yen, compared with a 239.70 opening and 240.35 at Tuesday's close, dealers said. The dollar opened easier in line with New York and declined slowly in the morning. But it fell sharply to 237.20 in the afternoon on
      165 words
    • Article
      PLR
      22 9 [THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10 per cent.
      22 words
    • Article
      ASIAN $ RATES
      160 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Jan 23: US DolUra(Spot) Offer Bid 7 days 13 15/16 13 13/16 1 month I3 3 13<« 2 months 13 15/16 1313/16 3 months 14 7/16 14 5/16 6 months 14 7/16 14 5/16 9 months 13 15/16 13
      160 words
    • Article
      Discount
      51 9 RANGE of prices offered by discount houses on Jan 23: Overnight: 3 l 3 1 Call deposits: 6'« to 6.^ CI—It Buying Selling 3-month Treasury bills 6 3 6H 3 month Bank bills 10 10 3 months CD 10'« 10H 6 months CD 10 s 10' Source: National Discount
      51 words
    • Article
      Frankfurt
      39 9 FRANKFURT exchanges opening quotes yesterday: US 1.7355 65 Stg 3.946 956 Can 1.4919 45 1X1 90.57/70 Sfr 107.67 83 Lit 2.144 6 Ffr 42.63 8 Nkr 35.16 20 Bfr con 6.154/61 Bfr fin 5.968 996 Yen 0.7323 36
      39 words
    • Article
      Treasury bill tender
      47 9 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $50 million 91-day Treasury bills to be issued from Jan 28 to Jan 30, and on Feb 1. > Each tender must not be for less than $250,000.
      47 words
    • Article
      London
      217 9 THE U.S. dollar opened firm yesterday against leading European currencies but easier against the yen as gold continued its slide in bullion markets, dealers said. Sterling was notably weak on squaring of long positions, possibly influenced by weakness in the government securities market, they said. Sterling opened at U552.2665
      217 words
    • Article
      Hongkong
      193 9 THE U.S. dollar yesterday was quoted quietly mixed in thin late exchanges here, dealers said. The US unit was steady against the European currencies and easier against the yen as dealers tried to assimilate the implications of the reported detention of the former Shah of Iran in Panama and
      193 words
    • Article
      Australia/NZ
      57 9 AUSTRALIA NZ exchanges quotes yesterday: US dlr 1.1116/1.1068 Sterling 0.4903/0.4847 Ninety-day air mail buying rates Sterling 0.5162 US dlrs 1.1643 Ninety day forward buying rates Sterling 0.4990 US dlrs 1.1223 New Zealand Reserve bank midrate US dlrs 0.9862 Trading bank indications: Sterling 0.4349/0.4319 US dlrs 0.9912 0.9812 Ninety day
      57 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      170 9 I Now. your Diners Club card is honoured in The People's Republic of China. We're proud to be the first travel and entertainment card admitted into China But frankly, we're not surprised After all. Diners was the first credit card. And the first to be accepted internationally giving us more
      170 words
Page thumbnail Page 10
  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2242 10 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 SECTION ONE INDUSTRIAL COMMERCIAL Ac ma (2508
    2,242 words
  • Article
    Unit trusts
    165 10 SINGAPORE 1 NIT TBI ST INCOME BOND I NIT (M*n**rr* prim far Jaa 24) (Carreat pi im) The Commerce 233 2.47 Income Bond 119 1 26 The Saving Fund 150 159 S pore Prog Fund 104 110 S pore Sec Fund 182 193 MARA Bl MIPITRA S pore
    165 words
  • Article
    SHARE INFORMATION SERVICE
    2844 10 19 Hiith 79 80 Low Company Last Sale orCr's Div Div C'vr Gr's Y'W Net P'E Vol Day ('000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 223 148 180 272 74' 2 255 374 215 380 207 123* 110 133 255 574 185* 226 177 256 Acma
    2,844 words
  • Article
    In Kuala Lumpur
    2347 10 BID 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. INDISTRIALS Acma (2 40B) (3 2083 4QS) Alram (2.105) (1) 210 (t)
    2,347 words
  • Article, Illustration
    Share prices fall across the board
    715 10 IN AN Immediate response to President Carter's formulation of his "Carter doetrine", fortifying America's global role, the dollar firmed across currency markets, gold prices plunged and the stock market in Singapore groped in uncertain confusion yesterday. Share prices fell across the board in the
    715 words
  • Article
    K. Lumpur broadly lower
    562 10 RENEWED selling brought prices broadly lower on the Kuala Lumpur stock market yesterday. Losses were significant among the big overnight gainers. Plantations stocks in particular sucumbed to heavy profit-taking. The rise in the plantations sector on Tuesday was too fast and too sharp, an observer said.
    562 words
  • LATEST RESULTS
    • Article
      Gienealy Plantations (M) Bhd
      27 10 announced an unau- dited pre-tax profit of MJ209.899 (5132,159 previously) for the six months ended Dee 31. Turnover amounted to $301,671 ($243,054 previously).
      27 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article
      M. Banking interim profit drops
      347 11 TRUE to the forecasts of analysts. Malayan Banking has reported a slower earnings growth rate at the interim stage after the sharp 42 per cent profit jump experienced last year. Group net profit for the first half-year ended Dec 31, after providing for tax, diminution
      347 words
    • Article
      Lower Perak waives payment
      254 11 LOWER Perak Tin Dredging has waived its interim dividend payment for the current financial year to April 30, 1980, after having paid an interim of 50 cents a share gross in the last financial year. This was due to the loss of $19,000 incurred by the
      254 words
    • Article
      Laurence, Prust says better prospects for KL car companies
      1145 11  -  By STEVEN TAN THE LONG-term growth prospects of the five quoted motorbased companies lie in Malaysia, though it is too early to tell how much of this potential will be fulfilled in 1960. In a general review of the Malaysian-Singapore motor
      1,145 words
    • Article
      Sim Lim replies to queries on takeover of Boon Ann shares
      332 11 SIM LIM Investments, which recently acquired the remaining 50 per cent shares in Boon Ann Properties (BAP), has explained to the Stock Exchange of Singapore (SES) the basis upon which the purchase consideration of $3.3 million was arrived at.
      332 words
    • Article
      DIVIDENDS ANNOUNCED
      337 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Nanyang Press I2%<b) Jan 8 Jan 15 Jan 24 12% 6% Sg Besi 200% I Dec 31 Jan 11 Jan 24 200% 520% Oriental Hldgs 6% I Dec 31 Jan 11 Jan
      337 words
    • Article
      SCRIP ISSUE
      108 11 Company Particulars F.x Date Books Close M Breweries Bonus Issue of 1 (or 2 Jan 24 Jan 31 Lingui Bonus Issue of 5 for 3 Jan 22 Feb 1 Temerloh Bonus Issue of 1 for 1 NYA NYA Sentosa Bonus Issue of 1 for 3 NYA NYA T
      108 words
    • Article
      CCM profit prospects
      466 11 THE PROFIT prospects of Chemical Company of Malaysia (CCM) appear to be "somewhat more uncertain" in the current financial year, chairman SARidgewell told shareholders at the company's 18th annual general meeting on Monday. This is due to pressure on margins from rising raw material costs which will
      466 words
    • Article
      PBSM raises paid-up capital to $7.5m
      165 11 PERTANIAN Baring Sanwa Merchant Bankers (PBSM) has raised its paid-up capital from Mss million to $7.5 million, following approvals from its board of directors and Bank Negara Malaysia. The latest capital increase effected by a rights issue is the second made by PBSM since
      165 words
    • Article
      U.M. Flour assurance
      429 11 UNITED Malayan Flour Mills (UMFM), which recently reported another profit setback for the second year running, has assured shareholders that it would try to solve its problems so as to achieve a satisfactory performance in the current year. Chairman Chang Ming Thien in his latest address said
      429 words
    • Article
      Lock icon Staunch holders of stock take heart
      504 11 /jijj a BTCX3CL™, by HOCK LOCK SIEW OUR market seems to have entered a consolidation phase which analysts deem necessary in order to digest the overbought situation that now exists. Bearish rumours were making the rounds yesterday that a couple of Kuala Lumpur-based broking
      by HOCK LOCK SIEW  -  504 words
    • Article
      RESULTS DUE
      238 11 Date Last Poll Year Company Period Announced Net EPS Gross Pre-tax last y ear (cents) Dtv. Profit <%> BATS I 1/12 5.1 17.0 3,983 M'wata Steel I 22/12 12.4 10.0TE 14,803 Perlis Plant F 12/1 19.1 27.5 27,068 Folex Ind F 18/1 2.7 0.0 858 N B Timbers
      238 words
  • Page 11 Advertisements
Page thumbnail Page 12
  • Article
    FRCD issue by IBJ precedes long queue
    321 12 THE Singapore branch of the Industrial Bank of Japan has announced a US$l5 million floating rate negotiable certificate of deposit (FRCD), making it the third issue of the year. This brings the rate of FRCD issue to about one a week and sources
    321 words
  • Article
    LONDON STOCKS
    847 12 LONDON, Wed. Gold shares were mixed after an early sharp decline while government bonds were slighUy harder and equities generally easier, dealers said. At 3 pm, the FT index was 1.8 down at 448.0. Gold shares showed opening falls of up to US$6 i before recovering to register
    847 words
  • Article, Illustration
    Lock icon HUG FOR POWELL
    61 12 White House Press Secretary Jody Powell gets a surprise kiss from "Babe" Bisignano, a local restaurateur, and a hag from another snpporter, as he walks through the crowd at the lowa Democratic caucus headquarters. Mr Powell represented President Carter at the caucuses where Mr Carter ran up
    AP photo  -  61 words
  • Article
    MBA available in Singapore
    410 12 SINGAPORE'S School of Management will open its doors to 40 part-time Master of Business Administration (MBA) students in September. A six-member Board of Studies, comprising two foreign and four local academicians, has drawn up the course syllabus. Other details like entry requirements are still being finalised
    410 words
  • Article
    Jakarta gives assurance
    170 12 INDONESIA has told the Philippines that any problem rising from its intentiion to declare a 370-km exclusive economic zone off its coastline will be settled amicably by negotiations. The Philippine Foreign Ministry said yesterday that the assurance had been given to Foreign Minister Carlos Romulo by his
    170 words
  • Article
    Lock icon Indira outlines main priorities for the country
    255 12 Reuter MEASURES to combat India's deteriorating law and order situation and improve the troubled economy will be the main priorities of Premier Indira Gandhi's new government, President Sanjiva Reddy announced yesterday. President Reddy, formally presenting the pro- gramme in Parliament, promised speedy steps
    Reuter  -  255 words
  • Article
    Lock icon Asean to set up Exim bank
    78 12 Reuter ASEAN'S committee on finance has decided at its fourth meeting in Bangkok last week to set up an export-import bank in the region, the Thai Finance Ministry announced. The proposed Asean Export-Import Bank would be patterned on the export bank of Latin American
    Reuter  -  78 words
  • Article
    Singapore dollar likely to assume bigger role soon
    538 12  -  By CHOO AI LENG THE Singapore dollar is expected to take on a bigger role in the coming months now that there is increasing acceptability of the currency for international payments. This is a positive indication towards the intemationalisation of the Singapore
    538 words
  • Article
    Japanese feasibility study on joint technology body
    350 12 A JAPANESE survey team will arrive in Singapore next month to carry out a feasibility study on a Japan-Singapore institute of information for technology proposed by Prime Minister Lee Kuan Yew. The matter was first raised by Mr Lee when he visited Japan
    350 words
  • Article
    Lock icon Peacock says pact still in force
    150 12 Reuter AUSTRALIAN Foreign Minister Andrew Peacock said yesterday that his government still subscribes to the long-dormant Manila Pact that provided a defence umbrella for Thailand. Mr Peacock told a press conference on arrival in Singapore on a one-day visit that Australia would adhere to
    Reuter  -  150 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair and windy. Re part for 24 hours prior to 7.3t p.m. on Jan 23 at the airport. Maximum temperature 29.4 Associated humidity 65 Minimum temperature 21.8 Associated humidity 95 Hours of sunshine 8.60 Rainfall in millimetres Nil Total
      62 words
Page thumbnail Page 13
  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Bodies recovered
        120 13 UPI RESCUERS have recovered the bodies of eight South Korean crewmen from a Panamanian log carrier which sank in the storm-battered Japan Sea on Tuesday, the Maritime Safety Agency reported. A spokesman for the agency said two had been rescued while 11 others were listed as missing. The
        UPI  -  120 words
      • Article
        Lock icon Ready next spring
        113 13 AFP PAKISTAN'S second major sea port Bin Qasim being built 53 km east of Karachi, will become operational next spring, a port official said in Karachi on Tuesday. The new port, being built at a cost of US$366 million, would start receiving the ships by April next.
        AFP  -  113 words
      • Article
        Lock icon Railway competes
        56 13 AFP BRITISH shipping chiefs on Tuesday called for government help against the Trans-Siberian railway, subsidised by the Soviet government and now carrying an increasing number of longdistance cargoes. The famous line cuts through thousands of miles of some of the oldest territory on earth and carries trade between
        AFP  -  56 words
    • Article
      New terminal to be ready soon
      661 13  -  TIMBER HANDLING BY APRIL By G DURAIRAJ THE SECOND timber terminal in Malaysia at Port Klang, costing about $2 million, is expected to be ready by next month and would begin accepting timber and timber products for import/ export by April or so. The
      661 words
    • Article
      INDEX TO ADVERTISERS
      548 13 Shipping Line P»ge Col Shipping line P»ge C«l Adriatic IV 5 Dong Sue VI 5 Afea VI 3 DSR VI 3 Alfred CTS IV 5 EAC Lines n 4/5 Alltrans VI 5 East Malaysia VI 4 Alpac VI 5 Eilat VI 5 Angkutan VI 4 Elma m
      548 words
    • Article
      No worries for smaller tankers
      780 14 FEARS of a serious world surplus of smaller tankers over the next five years may be exaggerated despite the number of replacements on order and the general trend towards the use of increasingly larger vessels. The main threat, as the decade progresses, is likely to
      780 words
    • Article
      Lock icon Meeting ended in disagreement
      264 14 Reuter A MEETING of industrialised and developing countries to decide measures to combat harm caused to national merchant shipping fleets by vessels sailing under flags of convenience, ended on Tuesday in disagreement. The 58-nation meeting, held in Geneva under the auspices of the United Nations Conference
      Reuter  -  264 words
    • Article
      Container Schedules
      1097 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NK (1) Each vessel's estimated time of arrival is advised by the Shipping Line/Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the following
      1,097 words
    • Article
      LONDON FREIGHTS
      1468 14 Brokers reported increased interest in the North American sector of the freight market. But rates tended to ease slightly where changed. The lower level of U5514.75 fio was paid for heavy grain from the US Gulf to Holland with January loading, while barley from the US North Pacific
      1,468 words
    • Article
      Overcapacity a problem despite containerisation
      1057 15 BRIGHTER OUTLOOK THIS YEAR OVERTONNAGING ii the UK Continent Southern Africa trade, which his seen a massive investment of around £450 million in containerising the roite, still remains a critical problem, despite signs of market improvemem next year. Seven large, sophisticated containerships are operating through
      1,057 words
    • Article
      Lock icon World shipping claims reached record levels
      507 15 Reuter THE world's shipping and aviation industries suffered record losses last year, London marine insurance underwriters said in a report published on Tuesday. The document partially blamed poor safety measures and inadequate training for the increase. The Institute of London Underwriters, which represents 100
      Reuter  -  507 words
    • Article, Illustration
      SHIPS IN PORT
      496 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alisher Navoi (1100 after Hoegh Oris) 38/39 Bunga Gelang (after Bunga Bidang) 18 Hoe Hlng (Tanker) (after Palm Sea Horse sails Subject Gas Free P/O) 13 Hamanasu Maru (1500) 33/ 34 Hoegh Opal (2300 after Nedlloyd Holland Will shift 0600/ 26th) 3/4
      496 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      4232 19 SHIPPING LIST where your ships are due and when SCHEDfILE 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
      4,232 words
    • Article
      Vosper acquires 51 pc stake in Hovermarine
      830 20 VOSPER Limited announced last week that it has acquired 51 per cent of the ordinary shares of Hovermarine Transport Limited of Southampton from Hovermarine's American parent company for a cash consideration of approximately £1 million. Sir John Rix Vosper's chairman, and Mr K.D.C.
      830 words
    • Article
      World Services
      574 20 Mediterranean Angola: A new joint service formed by Splosna Plovba of Yugoslavia and CNN SRL Angonave, the Angolan national line based in Luanda is now operating between the Mediterranean and West Africa. Trading as Angomed Joint Service the line has been accepted as an associate member of the
      574 words
    • Article
      Lock icon Dockers strike for third day
      138 20 Reuter MORE than 2,000 dockers walked out on strike in Melbourne for the third day in succession in protest over local provisions for compensation for industrial injury, an official of the local branch of the Waterside Workers' Federation said. A port of Melbourne Authority spokesman
      Reuter  -  138 words
    • Article
      WHO ACTS FOR WHOM...
      1621 20 The leading shipping lines operating from loeal ports and the agents who handle cargo bookings for them. A B Adriatic Container Container Feeders (S) Cargo Freight (PK). AFEA Singapore Shipping Agencies (S) Euro-Asia Line (PK PN). Alfred C. Toepler Intermodal (S) Marintex Enterprise (PK). Alfred C.
      1,621 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      311 13 EURO ASIA CHARTERING CORPN. <PTE> LTD Suite 107 Bth Floor. Ocean Butltfiaf.Si*|M» r( 0104 Cibie Eutofncht Telei AS ***** A/1 Eiwotf* Telephones 9121(0 IA RI) I\ F AN I AH Orient Overseas Ca*ticu*ieA Line I.< ym KOREAN IACEJM 4N NEPTIIf PEAM. IK CtCVAUn DOS IK FULLY CONTAfOISED TO/FROM NORTH AMERICA
      311 words
    • Advertisement
      Page 13 Advertisements Column 2
      230 13 S3® SEALORD ANTAH m. UASC UNITED ARAB SHIPPING CO (SAG) ARABIAN GULF WEEKLY MULTI-PURPOSE SERVICES Loading (or 14/2 Mina Qaboos (26/2). Dubai (29/2), Dammam 3/3), Kuwait 6/3) Sahaiba 9/3) FULLY CONTAINERISED SERVICE S'pore Loading for Gft NAVIGATOR IBM TUFAII REO SEA DIRECT SERVICE S pore Loading for 15/3 Jeddah (27/3).
      230 words
    • Advertisement
      Page 13 Advertisements Column 3
      74 13 NOL NEPTUNE ORIENT UNES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE STRAITS/AUSTRALIA RO-RO CONTAINER SERVICE member ol the Anro Consortium U.fr' AUSTRALIA: Also accepting transhipment cargo to/from Bangkok and E. Malaysia +A. AUSTRALIA Spore Cloant Times: FCL Car|o 0600 27/1 LCL Carjo 1800 26/1 Agrnts Spo** P HHing P U.J Pfrunj
      74 words
    • Advertisement
      Page 13 Advertisements Column 4
      1024 13 HONG KONG ISLANDS LINE UNfR S£« v <_E fO« FAR EAST MIDDLE EAST AFRICA TAIWAN HONG KONG AUSTRALIA See Page VI Column 3 for Sailings Agents SINGAPORE SHIPPING AGENCIES PTE ITO MARKETING *****2 GENERAL *****1 W Ms* EURO ASIA LINE SON BHD K L *****7• 9 KLANG *****1/3 PENENG *****/2
      1,024 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      602 14 LEO SHIPPING PTE LTD. SINGAPORE PERNAS-MISC SHIPPING AGENCIES SDN BHD PORT KELANG PENANG W(cj HEAD 'OFFICE: WISMA MISC TEL: NO: KL *****8 4) R dam 5) le H Aho Acceptmg Far: 1) Barcelona Genoa. 2) Amsterdam. Antwerp. I Havre. Bilbao. Basle UK, 3) Bremen Bremenhaven Aarhus Copenhagen. Helsinki 4) Malmo.
      602 words
    • Advertisement
      Page 14 Advertisements Column 2
      185 14 815 lartcrMMSM SUPERCARRIER SERVICE WEEKLY SERVICE FROM US ATLANTIC/GULF AND E. CANADA KIT ARRIVALS -UMO TOM" 1m 31 WCSnCUS" Feb 1. 'BARBER NARA" Feb 17 tALL KSSELS BOTH AT BBS TERMNAL GOOOWN 47 WEEKLY SERVICE TO PANAMA, US ATLANTIC GULF AND E. CANADA •Via Feeder Via DtUf FCI Cwla—n mty
      185 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      865 15 Overseas B Bi m Containers Limited Weekly service to/from UK/Europe Si STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAWERSW SERVICE TO UK/CONTWENT: Kwrtxej Eipress 27 lan Am Bcnavon 4 Feb Lnrerpod Bit Tokye Bay Cardfcan Tgk» Eipress 12 Fife II Feb 20 Ftb 23 Feb 25 Feb
      865 words
    • Advertisement
      Page 15 Advertisements Column 2
      343 15 Franco Belgian Services (Far East French Service u-xth Belgian Far Eastern Lines\ nh< t of ACE CONSORTIUM V C.M.C.R. FAR EAST FRENCH SERVICE Compagni# D#s R«* f fT>rmbc m£D CLUB) Seatrain Pacific Services S.A. SINGAPORE ENQUIRIES *****44 BOOKINGS *****82 CFS *****41 Terminal *****36 Optorg Shipping Pte. Ltd. Kuala Lumpur *****3
      343 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      979 16 G3 Hapag-Lloyd FUUY CONTAINERISED 10 EUROPE Hamburg Et press Benaton luerpool Bar Tokyo Bay C jr(*gan Sly 'o«*> Express City ol Edmburjh Kiaama Maru Bremen Eipiess Rt»ne Maru Hongkong Eipreis EXPRESS CONVENTIONAL TO EUROPE M* Rome.* >?T"'wwe,* e, >n, Pen Gtno M,b B mefl #dlm n, "«P i 7 12
      979 words
    • Advertisement
      Page 16 Advertisements Column 2
      486 16 KOREA SHIPPING CORPN use use use use use use use use use use use use use use use use use use mscmu AGENTS: S PORE CROWN MARINE CO (PTE) LTD TEL: *****88 SUB-AGENTS: P.KELANG PERKAPALAN GUNONG TIMUR KL TEL: *****1/PK *****9 c n an Algerian National Line WEST BOUND FAR
      486 words
    • Advertisement
      Page 16 Advertisements Column 3
      421 16 EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTING CARGO FOR HAMBURG FELIXSTOWE ROTTERDAM ANTWERP IE HAVRE ALSO ACCEPTING CARGO FOR UNITED KINGDOM SOUTHAMPTON. LONDON MANCHESTER BIRMINGHAM BRISTOL LIVERPOOL GLASGOW lEEDS WEST GERMANY BREMERHAVEN HOLLAND AMSTERDAM r 5, P Ftambwj Fctntowe Rotterdam Ant.erp It Hirrt I 31 14 feb n
      421 words
    • Advertisement
      Page 16 Advertisements Column 4
      965 16 Everett Lines! m Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON PAGAN Dnrharpnf **1) PAA* S C T^9*r t4 -,!H? Aa 0ys 0 TEPS MALAYSIA Kelong Tet (38>-7355 Penong Tel *****/67! m Compania Argentina Oe Navegacion Intercontinental S. A. C.I F "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN.
      965 words
    • Advertisement
      Page 16 Advertisements Column 5
      776 16 wwiiuwi j vi, x^ot WSS.E. OCEAN SNPPING ENTERPRISES PTE LTD 0 0 2 N a O AV 2 M\!^^JoTNGA A p H O O R U E TEL *****44 *****1370 SANKYO LINE AUSTRALIA SERVICE MAT SKY 29/30 lan MAY CARP 13/15 Feb Srgoore Loadmg for: 26/21 Jan BR IS SYDME
      776 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      791 17 L. PIL GROUP J HOI* SENJOSA KOI* CMIM Jpor e 10 15 March P Kelanf Penanj EAST AFRICA/RIDSEA SERVICE Loarknf I« Daressala.im Momßasa ifJJjh KOTA MIUTAH Hodeidalv Port Sudan Oaressalaam Mombasa Hodwdafi KOI* lATA leddaH Port Sedan KOIA SENTOSA P Hflinj Fenanf loading lor Mogadiscio leddah Adt-n Medewlali Aqaba Pi
      791 words
    • Advertisement
      Page 17 Advertisements Column 2
      702 17 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE B HAVtN RDAM Austin Antwerp 20/2 21/2 25/2 20/2 3/3 21/2 5/3 C/J 12/J IJ/J 17/3 U/J 24/3 25/J JO/J 27/J 4/4 5/4 0/4 7/4 U/4 12/4 HAVRE SOTON France All UK 23/2 lt/2 21/2 21/2 0/3 7/J l/J 1/J 15/J 1/J
      702 words
    • Advertisement
      Page 17 Advertisements Column 3
      788 17 r~ Scan Dutch 9 NTAINER SERVICE :fi:wwzi»im 11 Barcelona Snoot ItftKKii 2) Amsterdam Antaerp It Hawe Bilbao Basle Ston (OPT > Inrerpool U Canaiy Islands Bremen Bremertianen Aarfrus Cooennagen Nets**, 4) Maimo Stockholm Oslo Ak teeder ressels accepting cargo tor Bangkok P keunj EASTBOUND FROM MED/UK/NC/SCANDINAVIA 1) Gburf N'burf 3)
      788 words
    • Advertisement
      Page 17 Advertisements Column 4
      773 17 BOUSTEAD SHIPPING AGENCIES LOADS FOR E. S. AFRICA BEAVERBANK 'Reunion Durban Clown ft Ekr I London) 711 Feb F »«ans U.S. GULF COAST SERVICE (New Orleans, Mobile, Houston. Galveston) MASON LTKES (tech I load*) VELMA LYKES (<fech) Snfapore P Kelanf Kuantan US GiM 25/21 tar 6 Mar 27/21 Jan U.S.
      773 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      802 18 Kline KAWASAKI KISEN KAISHA. LTD. TO NORTH AMERICA FEEDER VESSELS* P* [TO MOTFtR VESSELS re A Vessel J/2 5/2 lapan Cf ]{/2 2J/2 Alaska Mara 11/2 21/ Kw«b« Mara 15/2 Bonrta Ace 16N 7/2 10/2 Queen j Nat U/2 21/2 Bndge Lara Gait Bndjf 27/2 1/ Vtnuano Bridge 26/2 lippe.
      802 words
    • Advertisement
      Page 18 Advertisements Column 2
      618 18 J/li E.C./GREAT LAKES SERVICE LOADMGFM W* TO#* NOMFOIR MONTREAI TORONTO ASHIASUA P Art** CALIFORNIA PACIFIC NORTH WEST SERVICE loidnf tor lOS ANGELES SAN FRANCISCO SEATTLE. TACOMA VANCOUVER BC EXPRESS CONTAINER/CONVENTIONAL/ REEFER SERVICE so rarutA B f AUSTRALIA SERVICE lOAOME FOR Syd Mn tan Syd Mrl Mn P Ming SmgjptHt 1«,
      618 words
    • Advertisement
      Page 18 Advertisements Column 3
      760 18 S S /V Group SINGAPORE SHIPPING AGENCIES PTE. LTD 20TM FLOOR OCEAN BUILOING SINGAPORE 1 rc.c» E L'?9 9,1, «0 LINES) GENERAL »tjt 11 (14 LINES TELEX RS ***** RS ***** A/B CARSHIP CABLE CARGOSMII KcgiMMl Container Lines WEEKLY CONTAINER SERVICE BANGKOK '(•Quota bounty rußQuotsr bounty TURQUOISE BOURTr TURQUOISE BOUNIT
      760 words
    • Advertisement
      Page 18 Advertisements Column 4
      752 18 GRANARD LINE REDSEA/MEDITERRANEAN SERVICE M V MAN <UMT W»g l??' P PWU0 lM(fa ,W *V NAN SING V 35N. 30 lan leddah/P Said Beirut IMMCKOW iiVmli~mbm"Tm 17 f r S*d/«eundrtt/Bw* MM. MM FUNG V 37* 20 Mar p Said Ale»andr.a Beirut/ lattakia ACCfPTMG COM AM* CARGO Fa OMIT M V
      752 words
    • Advertisement
      Page 18 Advertisements Column 5
      605 18 INTRASEA (PTE) Faber House, 234E Orchard Road. Singapore 9 Telephone: *****11/*****57 MQiMMMSM-JLSWE! REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE P. Kelang Penang Loadng for *££2*? lnPort 27,jn BOU.OGH/W (AVON) PtSTIS WB7O 9 Feb 13 Feb NANTES'UK (AVON) Agents Smgapore HTRASEA (PTE) LTD *****11 BOWING ?*****7 srssmi a™ ALP AC LINE
      605 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      202 19 TRUCONTAINER EXPRESS INTERNATIONAL (S) PTE LTD Suites 1311/1312, Shaw Towers. Beach Rd. Singapore 0718 Regular Container Service accepting FCL/LCL Cargo for New Zealand Auckland, Wellington, Lyttleton, Dunedin Australia Sydney, Melbourne, Brisbane, Adelaide Sri Lanka Colombo Europe and U.K. Call *****81 Container leasing services BS ICCU CONTAINER U FLEET S MANAGEMENT
      202 words
    • Advertisement
      Page 19 Advertisements Column 2
      272 19 ZIK INTERNATIONAL FREIGHTWAYS PTE LTD CMTTAGONG SERVICE VESSEL PENANG PKEI ATOLPHO A. VESSEL REEFER SERVICE TO JAPAN VESSEL STORE PENANG KAISEI MARU In Port VESSEL TO MPOIE EAST mnuK STORE KOTALATU In Port P XEIANC P GUMNG STORE SOON HONG In Port Loading tor Bang kok, Kobe/Yokohama loading tor Muscat.
      272 words
    • Advertisement
      Page 19 Advertisements Column 3
      198 19 KANNIVELL LINES (REGULAR SERVICE SMGAPORE/EAST-NEST MALAYSIA) ETA S PORE PENANG LOADING FOR (M.V. SEA LOVE EX TROPIC FURY) MOUERS (S) PTE. LTD.,TEL: *****22 (I L«ES) OPTORG CO. (M) SON. BW), TEL. 3*7001 3 OPTORG CO. (M) SOU BHD.. TEL: *****3. *****3 KARLANDER (AUSTRALIA) PTY. LTD. independent refiiar container service from
      198 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      137 20 THE TIMES WORLD HISTDBY u/y < rZ/j r i 'i f rj i i h\f JkJ nr.] •fn THE TIMES ATLAS OF WORLD HISTORY presents the drama of World History in the arena of its action: the lands and seas of the world. This entirely new and authoritative work of
      137 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      177 20 eattaer IWE ZA WO5 FAIR 120E kvi\ WO2 FAIR IS i WO2 FAIR WO5 FAIR WOS CLOUDY FAIR A THUNDERSTORM/^ r>?wo2l ,t THUNDERSTORM WO3 RAIN F WO3 ni nun CLOUDY f- WO4 X THIIN THUNDERSTORM WO3 THUNDERSTORM SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: Centre of
      177 words