The Business Times, 16 January 1981

Microfilm: NL10893
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 FRIDAY, JANUARY If, 1181 60 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Freedom soon?
      71 1 Reuter TEHERAN, Thurs. Iranian Prime Minister Mohammad Ali Rajai and hostage negotiator Behzad Nabavi visited religious leader Ayatollah Khomeiny today, raising speculation that they are seeking his approval of an arrangement to free the American hostages. Mr Rajai is expected to announce an arrangement in the next day
      Reuter  -  71 words
    • Article
      Lock icon Test confirmed
      63 1 AFP BEIJING, Thurs. China today confirmed for the first time that it was conducting test flights of a Chinese-built four-engine airliner. Shen Tu, bead of the Civil Aviation Administration of China, gave no further details on the aircraft, the YCIO, said to be a copy of the US
      AFP  -  63 words
    • Article
      Lock icon El Al may close
      68 1 Reuter TEL AVIV, Thurs. The chairman of Israel's national airline El Al said today he would recommend a permanent closure of the company unless workers end a strike which grounded the airline's entire fleet following the dismissal of six union officials. Mr Abraham Shavit said he
      Reuter  -  68 words
    • Article
      Lock icon France warned
      65 1 Reuter BENGHAZI (Libya), Thurs. Libya has threatened France with an economic boycott if it intervenes in Chad where Libya is reinforcing its troops, the Libyan news agency Jana reported. The agency quoted Libyan leader Colonel Gaddafi as having said that Libyan reinforcements were needed against French forces and
      Reuter  -  65 words
    • Article
      Lock icon Mitsubishi withdrawal
      91 1 AFP TOKYO, Thurs. Mitsubishi Motor Corp of Japan appears likely to sever its capital tie-up relations with deficit-ridden Chrysler Corp of the US, the Kyodo News Service reported here today quoting informed sources. The Japanese News Agency said Mitsubishi Motor, the No. 3 Japanese car manufacturer, and other
      AFP  -  91 words
    • Article
      Lock icon Elections board
      63 1 Reuter JAKARTA, Thurs. President Suharto today inaugurated the board of general elections with a call to Indonesians to refrain from any unsubstantiated criticism of the government. Home Minister General Amir Machmud was named head of the board entrusted to implement the parliamentary elections in May next year, the
      Reuter  -  63 words
    • Article
      Lock icon Rescue vow
      72 1 UPI MANILA, Thurs. Mr Jaime Lay a, former budget minister and newly-appointed governor of the Central Bank, vowed to rescue local banks suffering from bank runs. At least three Filipino-owned banks were hit by sudden withdrawals after textile tycoon-bank-er Dewey Dee, stockholder of the Redwood National Bank in
      UPI  -  72 words
  • Article
    Chief Price Changes
    138 1 Falls Indices PMC 1300 -70 Jan 14 Jan 15 B*rfa»tai Metro Hldfi T Harbour 1270 810 404 -40 -20 -10 B.T. Indicator: Industrials: *****.*****36.39 704.32 704.62 M*U Rice 575 -15 Finance: 1344.14 1354.70 tMalayaa Tin 506 -15 Hotels: 804.35 805.27 Lis (si 203 -11 Properties: 651.06 654.32
    138 words
  • Article, Illustration
    KUALA LUMPUR
    141 1 Rises Indices Sjm Resins City Dev 715 505 +45 +37 Jan 14 Jan 15 Hoog Leong 775 +25 B.T. Index: *****.*****49.55 M Credit Maffnum 370 20 Industrials: 870.88 871.20 1840 +20 Finance: 1335.55 1338.45 mes 525 +15 Hotels: 410.10 411.28 DBS 850 +15 Properties: 780.48 784.63 P Merlin
    141 words
  • Article
    HK seeks fuel oil from Singapore
    584 1  -  BUILDING UP STOCKPILE By RONNIE LIM HONGKONG'S newly-form-ed oil stockpile company, Owensboard Enterprises, has again approached Singapore traders for fuel oil. Owensboard is believed to be seeking about 130,000 tonnes of fuel oil this time. Last month, it received a consignment of 74,000 tonnes
    584 words
  • Article
    SDF subsidy for SIM course
    263 1 THE Skills Development Fund (SDF) has agreed in principle to subsidise the "Apex-Problem Analysis and Decision-Making Seminar" organised by the Singapore Institute of Management. This is the first time that SDF has agreed to support a short-duration course organised by SIM. In October last year,
    263 words
  • Article
    Tariff rate cut for automotive parts
    461 1  -  By HEUNG GEE HWA GOVERNMENT officials from the five Asean countries have agreed to a minimum 50 per cent cut in tariff rates for automotive parts to be manufactured under the first package of the Asean industrial complementation scheme. They have also agreed to
    461 words
  • Article
    Soviet aggression warning
    385 1 ASEAN countries should strengthen their defences or fall prey to Soviet aggression. This was the message conveyed by United States Senator Samuel Nunn who was on a two-day visit to Singapore. He warned that the Soviet Union will not hesitate to invade other countries when the opportunities
    385 words
  • Article
    Assistance for companies seeking use of JIS stamp
    272 1 A REPRESENTATIVE sf the Japan Standards Assselatl— wfll be in Singapore aext month to aMn mannfactnrers «a the sse sf the Japaa Industrial Standards stamp. The 418 stamp Is a widely wwphM mark sf quality In Japan, partlealariy amoag government organisations. A
    272 words
  • Article
    Bo vis may soon reveal bid for Promet
    492 1  -  By HOCK LOCK SIEW LOCAL entrepreneur Brian Chang is close to securing a backdoor listing for Promet Pte Ltd through Bo vis South East Asia, a company of which he took control last October. An announcement of the takeover of Promet by
    492 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      0 1 \{,`^\:%>~>)']%,;<+(%_><}?<+~?}
      0 words
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      Page 1 Advertisements Column 2
      21 1 Letder...ptge < TF TRETORN llong'Lasting Tennis Ball Available at all leading departmental and sports stores The Official Ball For National Tournaments minatory^] /<
      21 words
    • Advertisement
      Page 1 Advertisements Column 3
      26 1 mm i.Wff SHIPPING TIMES Darky's pills for Nwtk >~1 3 j i >,il.j u'u#.Knl i: ivi It, COMPANY NEWS 11 Stag letty Taa, THMII art M
      26 words
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      Page 1 Advertisements Column 4
      159 1 SA A gm* way to tnmml A^TteteitoTlH u Leader...page I HERMES SWISS PRECISION IS You get more value from the Hermes 808 than any other ordinary ball typewriter. The moment you insert a sheet of paper into the Hermes 808 electric ball typewriter, you know you're in the hands of
      159 words
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  • REGIONAL
    • Article
      DAILY AIRCRAFT MOVEMENTS
      801 2 ARRIVALS Service Local Operator Number Time From SWR SR176 1045 ZRH/GVA/BOM MAS MH672 1050 BKI SIA SQ105 1115 KUL PAL PR501 1115 MNL SIA SQ240 1125 MES MAS MH607 1130 KUL SN SN287 1150 BRU/DXB/BKK G1A GA982 1200 HLP KLM KL833 1225 AMS/VIE/CMB SIA SQ61 1240 BKK
      801 words
    • Article
      Lock icon Japan to discuss voluntary car export curbs
      550 2 TALKS LATER THIS MONTH UPI JAPAN begins negotiations with the United States and Western Europe later this month on voluntary curbs on car exports, government sources said in Tokyo yesterday. In the talks with the United States early next month, Japan will pledge
      UPI  -  550 words
    • Article
      Lock icon Tokyo-Canberra talks to focus on economics
      461 2 AFP INTERNATIONAL and domestic economic issues are expected to dominate next week's sixth annual Australia-Japan ministerial committee meeting in Tokyo. There is also likely to be considerable discussion between both sides on civil aviation and proposals to lower air fares between the two countries.
      AFP  -  461 words
    • Article
      Lock icon SEOUL WILL OPEN UP EQUITY MARKET GRADUALLY
      152 2 UPI THE South Korean government plans to open gradually the country's equity market to foreign investment beginning late this year. As the first step, the government will authorise domestic investment trust companies to float beneficial certificates designed exclusively for foreign investors as soon
      UPI  -  152 words
    • Article
      Lock icon Jakarta's log exports will not increase
      100 2 UPI INDONESIA will not comply with a request to increase its timber log exports to Japan. The Indonesian Agriculture Department's director of forestry, Mr Sujarwo, said his government will not respond favourably to the Japanese request put forward during the recent visit of Prime
      UPI  -  100 words
    • Article
      Lock icon Developing countries should not look to Opec for solutions
      361 2 UPI DEVELOPING eanntrlea shaald mI leak to Opee far easy satottoas to all their financial tranbtoa. Expressing this view at the llth Caafereaee e( Saath-eaat Aslaa Ceatral Baak Gevernara la Calamha, Opee dlreetar-general Ibrahim Shlhato said meat develapiag aattoas are Mag
      UPI  -  361 words
    • Article
      Lock icon Creditors re-schedule Pakistan's debts
      264 2 AFP PAKISTAN'S creditors are prepared to grant an 18-month moratorium for the repayment of about US$2BO million of public-sector development aid, informed sources said in Paris after a meeting of the consortium of western creditor-countries. Pakistan has thus achieved a good part of what it sought
      AFP  -  264 words
    • THE REGION IN BRIEF
      • Article
        Lock icon MARCOS' APPOINTEE
        423 2 Agencies PHILIPPINE President Ferdinand Marcos has inducted into office former budget minister Jaime Laya as the country's new central bank governor. Mr Laya said he would continue to support the country's private sector by helping increase production and create employment to solve the problems of inflation and balance
        Agencies  -  423 words
    • Article, Illustration
      Lock icon Countdown for lilting of Philippine martial law
      511 2 AFP THE COUNTDOWN for lifting the eight-year-old martial law in the Philippines began in earnest yesterday, with President Marcos briefing military and civilian leaders as his opponents stepped up their condemnation. The 63-year-old Philippine leader, who has said he plans to lift his
      AFP  -  511 words
    • Article
      Lock icon Investigation says China dumping menthol in US
      179 2 AP AN investigation by the US government found that China is violating antidumping trade laws by exporting natural menthol to US buyers at prices below fair value. "An investigation, the first involving China, found a dumping margin of 13.5 per cent" of the
      AP  -  179 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      94 2 AVAILABLE FROM KOOL-Am v> V-. Carrier's New Super Round One more energy efficient Carrier's new Super Round One (38VE) is a major breakthrough that's big on energy savings. It gives you central airconditioning that's 33% more efficient in terms of aircon running costs. And it's big on versatility t00... it
      94 words
    • Advertisement
      Page 2 Advertisements Column 2
      95 2 ■e Frori oti' JaOe Room Since 1918, the Kwok family has catered to the impeccable tastes of collectors in this region and the world over. Today, we offer a massive collection of over 4000 pieces representing almost all areas of Chinese artistry from the dynastic days of China to the
      95 words
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  • OVERSEAS
    • Article
      Lock icon Chrysler may get fresh loan from government
      399 3 Reuter A GOVERNMENT board has voted to give Chrysler Corporation US$4OO million in loan guarantees, provided it can win sweeping financial concessions from its workers, suppliers and lenders, by the end of this week. Chrysler chairman Lee lacocca described the decision by the
      Reuter  -  399 words
    • Article
      Lock icon Disconnecting AT&T
      120 3 Reuter THE UNITES States government went to court yesterday to urge that the world's largest privately owned company, American Telephone and Telegraph (AT&T), be dismantled, to prevent it from monopolising the telecommunications industry. The ustice Department and the company's lawyers have been feverishly trying to find a way
      Reuter  -  120 words
    • Article
      Lock icon Vauxhall Motors plans to cut its workforce
      381 3 AP VAUXHALL Motors, owned by General Motors of the US, said it plans to cut its 29,000 workforce by 5,700. Reeession-fuelledeconom-ic woes have plunged the British car maker into grave peril. Vauxhall president Ferdinand Beickler said: "The level of business is inadequate to
      AP  -  381 words
    • Article, Illustration
      Lock icon Carter presents Congress with US$740b budget
      267 3 Reuter PRESIDENT Carter (abeve) Mat to CMgrcn yesterday a US$74l MIUm badget for 1« with |1M bllllea earmarked far defeaee, admlalstratlea —reca aaM. Bat Prwtdrat rlnrt Beagaa wu awe to revise Mr Carter's propssals, lncrcaafog the defence Opre, alter be takea afflee aa Taeaday.
      Reuter  -  267 words
    • Article
      Lock icon DETENTE WITH RUSSIANS CANNOT BE SCRAPPED
      125 3 Reuter SECRETARY af Statodeslgaate Alexander Halg said the US eaaM aat scrap detente wtth the Sevtet Uafoa bat that East-West relattow had to be based aa civility aad the rale af law. Oa the last day af Beaato bearings aa Ms aamfoatlas. he alas
      Reuter  -  125 words
    • WORLD IN BRIEF
      • Article
        Lock icon CALL FOR ELECTIONS
        417 3 Agencies THE Israeli Democratic Party, a partner in Prime Minister Menachem Begin's coalition government, tabled a bill yesterday to dissolve Parliament and call (or early elections in June. Another party which backs Mr Begin, the ultrareligious Agudat Israel Party, said it would support the bill, which will
        Agencies  -  417 words
    • Article
      Lock icon US awaiting formal reply
      591 3 RELEASE OF HOSTAGES DEAL Reuter UPI DEPUTY US Secretary of State Warren Christopher was still waiting yesterday (or the last link in a hostage-release deal Iran's formal response on letting the captives go- In a major step on Wednesday towards a last-hour deal with the Carter
      Reuter; UPI  -  591 words
    • Article
      Lock icon Talks on world economic issues not ruled out
      216 3 Reuter A NEW round of talks between developing and industrialised countries on world economic problems later this year has not been ruled out. A UN spokesman, Gilbert Rizzo, said he had been misunderstood if remarks he made on Tuesday were interpreted as
      Reuter  -  216 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      154 3 UAE QATAR IRAN BAHRAIN KUWAIT IRAQ JORDAN LEBANON CYPRUS FRANCE EGYPT SAUDI ARABIA NORTH YEMEN FRENCH GUIANA IVORY COAST NIGERIA GABON ZAIRE KENYA SOMALIA Y v r I VI Tl f -I f' Jr" PAKISTAN BANGLADESH INDIA SRI LANKA HONG KONG THAILAND CHRISTMAS ISLAND MALAYSIA SINGAPORE PHILIPPINES INDONESIA BRUNEI TAHITI
      154 words
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  • RAW MATERIALS
    • Article
      Lock icon Prices of rice should remain fairly firm
      206 4 Reuter WORLD rice prices should remain reasonably firm despite the prospect of a world record rice harvest in 1900/ 81, the Economist Intelligence Unit (EIU) said in its 1961 outlook for food commodities. Rice prices are normally vulnerable to even a rela- tively
      Reuter  -  206 words
    • Article
      WHEAT
      179 4 WHEAT futures in Chicago on Wednesday eased from the highs in late trade, clos- ing sj/45 j /4 to 9Vs cents a bushel higher. Steady local short-cover-ing held values strong all day following 30-day forecasts of continued dry conditions in major US winter L producing areas, traders **aid. r
      179 words
    • Article
      SOYBEAN
      184 4 SOYBEAN futures in Chicago on Wednesday ended mixed, up 2'/i in spot to off 6'/i in new crop, after rallying sharply higher early. Local evening-up ahead of Wednesday's USDA crop report dropped values off the highs. Values were firm early in the session on sympathetic local short-covering in response
      184 words
    • Article
      RUBBER
      193 4 THE Singapore market yesterday closed slightly higher with February One RSS buyers quoted at 289.50 cents per kilo, up 1.75 cents from Wednesday's close, dealers said. Morning prices were marked up two cents on higher London advices, short-covering interest and some speculative buying. In Koala Lumpur, the market closed
      193 words
    • Article
      RAS PRICES
      306 4 RAS prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 287.25 288.25N 287.50 288.50N Int. 1 R.S.S. February 289.25 289.75 289.50 290.00 Int. 1 R.S.S. March 292.00 292.50 292.25 292.75 Int. 2 RJS.S. 272.50 273.50N 272.50
      306 words
    • Article
      SSR and SMR
      89 4 NOON SSR ai id SMR p iricae yesterday HAS SSR 20 SSR SO (1-too (1 ton pallet) pallet) February (Carnal Mth) Buyera Seller* 248.00 *****N 244.00 245 00N March (Forward Mth) Buyera Sellers 249.50 251.SON 245.50 247.SON MKELB SMRCV SMRL SMR S SMR GP SMR 10 SMR
      89 words
    • Article
      Straits Tin
      76 4 THE STRAITS tin price In Penug yesterday (ell II cents U M$3l.M a Idle bat wm still within the Internatienal Tin Agreement's middle price raage 11 $3MI to $32.74, dealers said. Portlier streag baying sappert (ram Japan aad locally helped to cheek the decline (allowing the sharply lower
      76 words
    • Article
      CLOSING PRICES
      33 4 Rubber: Jan 15 Singapore: February: 289.50 cents (up 1.75 cents) Malaysia: February: 308.00 cents (up 1.75 cents) Tin: M$31.90 per kilo (down 10 cents) Official offering: 193 tonnes (up 16 tonnes)
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    • Article
      Lock icon Traders say reports refer to old sales
      127 4 Reuter MALAYSIAN palm oil traders believe that London market reports of Soviet palm oil purchases mainly refer to sales made earlier. They said the only recent sale they knew of was of 5,000 tonnes of refined bleached deodorised (RBD) palm stearine for April
      Reuter  -  127 words
    • Article
      Produce exchange
      173 4 CHINESE Preface Exchange, Sagapare, mm rlislaf prioec per lMkg yesterday. Cumt «II: Bulk fob $129.00 sellers, old drum (in second hunri drum) fob $139 00 sellers, new drum fob $145.00 sellers. Opra: Mixed (looae) $79.00 buyers. Phht: Muntok white pepper fob Astt NLW $435.00 sellers, Sarawak white pepper
      173 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yarn: China Blue Phoenix 20b 2,040; 32s 2,710, 40s 2,960 (per bale of 400 lbs). Ptece gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      RICE
      336 4 BINGAPOBE: Yesterday's closing prices In S$ per Idlo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.15, 100 per cent second class 0.96, 100 per cent third class 0.95, 25 per cent new crop no stock, B-10 per cent 0.82. THAI BROKEN: A-super 0.77, Special 0.15.
      336 words
    • Article
      Lock icon USDA forecasts higher 1981 oilseed output
      164 4 Reuter THE US Agriculture Department forecast world oilseed production at 160.5 million tonnes for 1980-81, up 600,000 tonnes from the December forecast but still below the estimated 1979-80 production of 174.0 million. Reduced prospects for soybean production in China are more than offset by
      Reuter  -  164 words
    • Article
      Lock icon Western Mining may re-open nickel mine
      170 4 Reuter WESTERN Mining Corp Holdings Ltd (WMC) is considering re-opening the Windarra, Western Australia, nickel mine on a limited basis later this year, WMC operations director Keith Parry said. However, no firm decision has yet been made, he said. The situation remains as reported
      Reuter  -  170 words
    • Article
      Lock icon Lower winter wheat crop for China
      182 4 Reuter CHINA'S winter wheat production in 1980/81 will range between 47 million and 51 million tonnes, down 4 per cent from the last forecast and compared with 47.5 million tonnes produced in the prior year, the US Agriculture Department said in an attache report.
      Reuter  -  182 words
    • Article
      LONDON MARKETS
      904 4 COFFEE: Robusta futures closed the morning steady at the session's higher levels with gains from Wednesday of £1 to £9 a tonne. Turnover was 1,406 lots including three options and around 450 lots of cross trades. Spot January put on £1 at £1,044 after opening around £6 lower.
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    • Article
      PALM OIL
      116 4 THE Kuala Lumpur values yesterday moved lower on lack of buying interest in quiet trading, dealers said. In January, the central region fell M 52.50 to $965 a tonne, while in March, the southern dropped $12.50 to $962.50. The refined market remained featureless on lack of overseas interest.
      116 words
  • ASIAN STOCKS
    • Article
      Hongkong
      328 4 THE market yesterday moved up as investors remained undecided about which way interest rates would move. After a firm opening, the market weakened and then turned mixed by mid-morn-ing on quiet turnover. The volume and the index picked towards the close as bluechips like Hutchinson and Jardines attracted buying
      328 words
    • Article
      Sydney
      317 4 SHARES firmed yesterday following a higher gold price and renewed rumours of a significant oil find at Strata Oil's Woodada No 3 well, dealers said. The rumours, combined with scattered bargain hunting among leading resource issues, helped the Australian all ordinaries Index firm 0.8 points to 692-5 for its
      317 words
    • Article
      Bangkok
      227 4 STOCK prices yesterday moved down in the absence of buying support in quiet trading, dealers said. JAN IS Bahts Asia CrcdH Asia Fibre Z" 136 .1 Ayulluyi In* And Trust Bangkok Investment Bangkok Bank ~-T 300 unch Bangkok Drying Anil Silo Bangkok Insurance Bangkok Metropolitan Ban 306 4-2 Bangkok
      227 words
    • Article
      Manila
      96 4 JAN IS Peso* Acoje Mining 007 unch Alias Con A Atlas Con B »S0 OS Baguio Gold OOr^-J oonr* Benguet Con B Bt' Goodrich 68 3 11 unch CDCP sets unrh lnco B Landoil Le panto B uis -onaR Marinduque B 10 SO unch Meralco Oriental A Oriental B
      96 words
    • Article
      TOKYO
      16 4 THE TOKYO >teek market was closed yesterday far a local heyday (Cemiag ef Age holiday).
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    • Article
      Selected indices
      51 4 FINANCIAL TIME8 INDUSTRIALS Wednesday 446-0 Tuesday £7.4 Week Ago 460.2 DOW JONE8 AVERAGE INDUSTRIALS Wednesday 966.47 Tuesday 966.10 Week Ago 960* H.K.HANG SENG Thursday 161Z06 Wednesday 1866J3 Week Ago 1570.04 AUSTRALIAN INDUSTRIALS Thursday 660.7 Wednesday 661.1 Week Ago 670.2 ALL ORDINARIB8 Thursday 696.2 Wednesday 616.4 Week Ago 716.4
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  • Page 4 Advertisements
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      202 4 AN INVALUABLE GUIDE to the banking, finance and insurance community m ~;T-.. rfrmk r >'-- r r p ,r y; V* mmm. I':' i,. •<■ ,S f*wa£ 4:* m,- m M SI S3 4rs 'Kjpy.v S^Mm <*•? sSE v- a v/. *.«r. r'?. ftwi i •^rTV'-J JT *'Tfc m <
      202 words
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  • TRADE AND INDUSTRY
    • Article
      Bristol trade mission
      245 5 A TRADE mission from the Bristol Chamber of Commerce will arrive in Singapore today. The mission represents manufacturers from a wide cro6s-section of industries, from electronic pollution monitors to sports shoes. The leader of the mission, Mr James Morgan, said the aim of the mission is to
      245 words
    • Article
      MEMO PAD
      372 5 SEMINARS AND COURSES Jan 17-18: First Conference for Women, Regional Language Centre, Singapore Council of Women's Organisation Jan 17,24,31: Cost and Management Accounting Principles and Practice, Waterloo Centre, Personnel A Organization Development Jan 19-21: Systematic Handling Analysis (SHA), SIM Conference Room (3rd floor, Thong Teck Building), Singapore Institute
      372 words
    • Article
      Tenders for airline reservation system still being evaluated
      269 5 TELECOMS' plan to introduce a computerised multiairline reservation system is unlikely to be implemented before the end of this year because the authority is still evaluating tenders. Telecoms had scheduled its implementation before April but a spokesman recently confirmed that this was
      269 words
    • Article
      Chua Heng seeks world market
      516 5  -  By RICHARD SEAH CHUA Heng Industries is gearing up its boat building operations to get a share of the lucrative world market for fibreglass boats. The company, until now better known as'a builder of tourist coaches, was recently awarded a $2 million contract to build
      516 words
    • Article
      When budgeting takes first place
      254 5 MANAGEMENTS in Singapore are not paying enough attention to developing the potential of their employees to the fullest. On the other hand, areas such as corporate planning, budgeting, finance and business development are given priority. These points will be made today by Teoh Koon Keah,
      254 words
    • Article
      MALAYSIAN CONCERN IS NOT WITH FINANCE
      105 5 MALAYSIAN industrialists are giving priority to modern technology, management and marketing expertise in seeking foreign partners. Datuk Mohd Sopiee bin Sheikh Ibrahim, who is involved in various business ventures, said finanring was not their main concern. In a discussion yesterday with members of a
      105 words
    • Article
      TRADE TALK
      243 5 SPECIALTY Hardware Service (S) is marketing an electric insect killer called Zap. The device is box-shaped and contains an ultraviolet light which lures flying insects such as flies and mosquitoes and electrocutes them. The insects then drop into a collection tray which can be cleaned. It is suitable
      243 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      195 5 OVERSEAS Union Bank has announced the following staff promotions: Life Bn* Bu, controller (finance), has been promoted to general manager, finance. Mr Loh will be responsible for the operation of the bank's finance division. Lm Ptag Bam, manager, data processing, has been promoted to senior manager, systems
      195 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      165 5 BEE PAGE! The revolutionary 3-cylinder 1000 c.c. compact car proven world-wide NOW MADE EVEN BETTER... chic colour-coordinated interior jE-rd POWER: V Max. Output increased from 55PS/5,500(J15) To 60PS/5,600(J15) Max. Torque increased from 7.Bkg-m/2,800(JlS) To B.3kg-m/3,200(J15) A MO** ECONOMY: 19 km/I (Japan's Ministry of Transport lO mode test) 29 km/l (at
      165 words
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  • Article
    SDF money can be better spent
    330 6 FEW would find cause to object to the Skills Development Fund Council's widening of the doors to the funds they control. The money is there to be spent on upgrading the Singapore worker's skills and it should not merely sit in some bank vault
    330 words
  • Article
    Equal opportunity to speculate
    330 6 THE EQUITABLE dispensation of information so that no investor is given a better chance to profit than any other is basic to the whole concept of a share market. To this end there is a plethora of rules and regulations, but grave doubts remain whether fairness
    330 words
  • Article, Illustration
    CHUA HENG'S SUCCESS
    1636 6  -  FROM TOURIST COACHES TO BOATS By RICHARD SEAH "ALL THE LUCKY boys go camping during the holidays but I had to help my father. My camp was in the workshop. "My father said, 'Next time you become doctor,' but I cannot study. How can I compete with
    1,636 words
  • Article
    From a small spray painting shop
    268 6 THE NAME Chua Heng is derived from Its founder, the late Mr Chng Buk Chna, father of Mr Peter Chng. "Heng" Is the Chinese word for "good luck" and the late Mr Chng had added It to his last name, for rather obvious reasons.
    268 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      205 6 Jli I J 'J TO Why idle away your life and languish in poorly paid jobs with no future when you can move ahead with the RIGHT QUALIFICATION? Enrol now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION for any of the following courses and get just THAT QUALIFICATION! Institute of Administrative
      205 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      632 6 I -IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Does it place the ball for you? (6) 7 Be more far-reaching (8) 8 Inoffensive drink (4) 10 Form one "makes out" (6) 11 Think it's a celebrity (6) 14 What Nicodemus has to eat (3) 16 Hemp Silas weaves (5) 17 She
      632 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      535 6 &RADIO CONVERSATION with let Beerstia, a SBC pi Lai tod States Is la a dawai Is a well-kaswa whs wrste the Uhrarlaa sf the Library sf sad argaes that the warld clvlllaatlea Is helag developed hy the advaaeeiaeat sf teefcMiegy. Osh Klaa Chee, leader writer sf The Straits limes, Prsfesssr
      535 words
    • Miscellaneous
      Page 6 Miscellaneous Column 3
      179 6 1.1 l Prog Summary followed by Fifteen Minute Theatre 1.15 Potluck 1.45 Profile II.M Music While You Work lljN News in Brief Il.tS In Harmony 11JI Frank Muir Goes 1nt0... ILN Light Music At Noon IMI Lunch Date IJI PM News followed by Share Market Report and Weather Forecast 1.45
      179 words
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  • Article
    Lock icon Termination of another Concorde service
    558 7  -  By CAROLYN LESH AP THE GRACEFUL but financially hobbled supersonic jetliner Concorde, which files Across oceans and continent* at twice the speed of sonad, has suffered another setback In Its brief career. Air France announced that It wonld halt Its direct Concorde service between Paris
    AP  -  558 words
  • Article, Illustration
    Lock icon More buyers ahoy?
    1121 7  -  By MAX WILKINSON FT DURING a recession, the fact that neither moth nor rust corrupts, and even the dreaded teredo worm does not eat, a plastic boat is not an unalloyed advantage. The traditional boatbuilders' staple business in Britain was always grounded on a healthy percentage of
    FT  -  1,121 words
  • Article
    Does he... or doesn't he?
    922 7  -  FORUH with B J WU THE HOTTEST question around town seems to be "does he or doesn't he?" (do housework, that is), ever since Miss Ginny Heng of the Counselling and Care Centre made the pronouncement that the days when the man is the "Lord
    922 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      128 7 111 i r ttf+il tr m*A >. U v 1 i .few*. »V"> BP •v* T* > -v., %$sM i.l ip >^-\? WW *5 >' -I '"'ipy9 ■V v: ii T c. yfc.r* aw ,'f rf l»wL f* .r n > 4i f idf 5 t t& i m S&3
      128 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        284 8 JAN 14 Frs CORBEILLE Air-Liquid** 482 3.5 B S N Gervais DMMM 1030 47 C S F (ThomNonCsf > 370 3 CftV nualN dps Petroles 225 -3 Compagnie Kinanclerp Com pa g nit* Ci«»n*»rale 361 unch Credit Foncier l)e France 400 3.5 Harhette (Librairie) .145 5 Machines Bull 53
        284 words
      • Article
        Frankfurt
        214 8 JAN 14 Dm Aeg-Te»efunken Akzo 72 50 16 00 -LI Allz Vers BASK Bay H T Wbank ***** 123 40 212 00B 296 OOB 11 -1 -1 Bayer BBC* BMW C'uwlia Chern Ver* 111 30 266 70 ***** 300 10 232 OOB 03 1.7 05 01 Comnicrzbank Conti Gummi
        214 words
      • Article
        Brussels
        98 8 JAN 14 FYs FORWARD MARKET Acec 280 -1 Arbed 1224 -6 A>tur 355 unch Br a scan 968 -4 Bru-Lamb fit) -46 Canpar Cock 1104 -14 150 •11 I> Beers 301 -13 Ebes 1650 5 Elect robe I 3295 35 Gb-Inno-Bm 2050 unch Gev 1298 12 Hobok 2635 575
        98 words
      • Article
        Amsterdam
        210 8 JAN 14 n» ABN 2M0.50 -0.5 Ahold 71 00 07 Ak/o 17.50 unrh AM IV 91 40 -1.2 Amfus 115 00 03 Ainrobnk 57 JO -0.3 Burgos* 1750 -05 Berk 50 00 -05 Bols 54 20xd -03 Borsuinij ***** -25 burhtnunn 58 00 -1.5 Byrnknrf 35 00 -02 ('aland
        210 words
      • Article
        Zurich
        185 8 JAN 14 Francs Actions Siiiws 297 -1 Alusuisse Br liao •10 Alusuuse Reg. 441 1 Brown Boveri Br 1460 -30 CiOa Geigy Br 1005 15 Ciba Geigy P C 790 5 Clba Geigy Rrg 565 1 Credit Suisse Br 2800 25 Credit Suisse Reg 475 J Elektrowatt Br 2600
        185 words
      • Article
        Milan
        102 8 JAN M Lire Anic 8 40 -01 Assoc Gen U4800 *6800 Bu.ttogi 782 -6 Cenlrale ***** 210 Kl»l 1111 17 Kinsid«r 74 ♦075 Gen Immob 2370 2 in Pri 4130 ♦310 llak-emenli ***** 360 ■taigas 1681 305 lUilsider 292 -in Magneti M PI 614 -6 Mjrrlli Ere 378 -2
        102 words
    • Article
      TORONTO
      205 8 JAN M Cf Abitibi 24* unch A Iran 40 Alcoma 39 I Bunk Mont 32 unch Bank Nova Scotia 32 Bell Tel 19 Brth Corp BP Can Ltd.... 38 Bra scan 35 Camp Red Lake 65 Can Imp Bk n Canpar 41 Canpac Inv Pf 20 unch Carting O
      205 words
    • Article
      JOHANNESBURG
      316 8 JAN 14 Rand INDUSTRIALS A Alpha 430 unch Abrrroin 330 -15 AF And CI 835 -5 A MIC 2550 -50 Harlo* 1035 Cf Sugar 1925 unch C'NA 550 Cwti rmmm 245 -5 l> Beers Ind 2800 Edron 635B Edgars 8700S unch F N^rr'adv Fed Volk -ZZ 490 •10 Fugit
      316 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      662 8 See Page 4 for Asian stocks and Page 9 for NYSE prices Where to wine, dine and entertain d faJAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open daily 12 noon 3 p.m. 6.30 p.m. 10 30pm For reservations call *****77 t'iMiin I *iifk ***l 'inii >■
      662 words
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      Page 8 Advertisements Column 2
      171 8 A 4 This is Thai Seafood at its authentic best So fresh, it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant COCnpfi ttCto Oxiey Rise/Penang Road. Singapore 0923
      171 words
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  • BANKING AND FINANCE
    • Article
      Singapore market
      512 9 THE US DOLLAR featured in mixed trading in a generally quiet foreign exchange market yesterday. The dollar started off at 2.0060/70 against the local unit. Trading was thin as the US unit regained at around this level for a good part of the day. It closed marginally higher
      512 words
    • Article
      Hongkong
      131 9 THE US dollar yesterday was generally firmer against major currencies in late trading, although business was quiet in view of the Japanese holiday, dealers said. Sentiment was mildly bullish for the US unit with most operators believing the hostage saga in Iran may be drawing to a close. The
      131 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.4 per cent.
      22 words
    • Article
      ASIAN $ RATES
      191 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Jan 15: L'8 DoUan(Spot) Offer Bid 7 days 20. 20 1 month 20'* 20 2 months 19>/. 19 V» 3 months 18 15/16 18 13/10 6 months 17H 17 V, 9 months IS 1/16 15 15/16 12 months 15'4
      191 words
    • Article
      Discount
      47 9 RANGE of prices offered by discount houses on Jan IS: Overnight: Vb to 7H% Call deposits: to CkMix Baying Scltix 3-month Treasury bills 8'4 6*« 3-month Bank bills 13V. 13H 3 months CD 12 9/10 12 7/16 6 months CD 12W 12 Source: National Discount Co
      47 words
    • Article
      Frankfurt
      40 9 FRANKFURT exchanges opening quotes on Jan 15: US 1.9930/40 (1.9913/23) Stg 4.775/785 (4.769/774) Can 1.6782/6801 D F1 91.87/88 S Fr 110.22/33 Lit 2.100/104 F Fr 43.19/24 N Kr 38.44/48 B Fr (con) 6.214/21 B Fr (fin) 6.195/205 Yen 0.9633/47
      40 words
    • Article
      GOLD
      329 9 SINGAPORE gold futures yesterday closed generally higher compared with overnight levels, with its initial rise reflecting the metal's strength in New York on Wednesday, dealers said. Trading was light throughout the day with operators awaiting fresh developments over the US hostage crisis, they said. Total sales was recorded at
      329 words
    • Article
      Silver quotes
      40 9 New York 15 25B 15 0KB 15.56S 15.35S Zurich 15J0B 14. HB 15 60S 15 106 Singapore TWff 15 JOB WW 14 90B 15.706 15 SOS Closing prices in US dollars a troy ounc t. Source: Credit, S`pore
      40 words
    • Article
      LONDON
      254 9 THE dollar opened firmer yesterday against most currencies other than sterling and was quoted at 1.9996/ 2.0005 marks against its New York close on Wednesday of 1.9915/30 and yesterday's late Hongkong quotes of 1.9933/38, dealers said. They said there are no apparent reasons for the firmer note apart from
      254 words
    • Article
      EXTENDING SPECIALIST FACILITIES
      164 9 MR ALAN LYDON, director of Feuchurch Construction Brokers London, arrives bere today to extend specialist facilities to domestic and overseas underwriters. These facilities, which will be marketed through its newly established broking company, Fenchurch Singapore Pte Ltd, relate not only to land based construction projects but also
      164 words
    • Article
      More members sought
      338 9 THE NEW YEAS mihWw at the Geld Prehear ef lippirf (GES) members sn the nehuge. IMb 4m Nt mm u mnO rkungr I» u easy prfiey m the part ef the GES. Bat according te Dr Ota Tjeen Heck, (hdraaa ef the Prrhiigr, the Mh prtortty m*
      338 words
    • Article
      OPENING OF TAT LEE BANK BRANCH AT LUCKY PLAZA
      316 9 MORE branches, extended hanking hours and automatic teller services are what Tat Lee Bank has in store for its customers this year. Tat Lee Bank, the second youngest Singapore bank, will be opening its eighth branch at Lucky Plaza Shopping Complex
      316 words
    • Article
      NEW YORK STOCK MARKET
      877 9 NEW YORK stocks on Wednesday ended with a token gain in moderate trading after a midday rally tailed. The rally grew from hope the Federal Reserve was easing credit restraint but analysts could find little hard evidence to support the hope. The Dow Jones industrial average
      877 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      157 9 FOR ALL THE SUPPORT IN YOUR BUSINESS 0 I m i > mf* 2101GC 2401G8 f 3 Di«itM{m. Furniture that has no equal. Discover for yourself the complete range of Swiss Line 2000 Chairs at our special showroom display. New Swiss Line Chair Series Dietheim presents the new generation of
      157 words
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  • Article
    BUSINESS DONE ON THE SES AND THE ELSE
    1836 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 Aemm (3548 3.406)
    1,836 words
  • Article
    Unit trusts
    173 10 jjOKUPC utnornn R OCIMOHTMU The Couimn i fi MM hrJia *> (Md^n 1 pHew tar ina Mi 1« 3(4 l'n>on Spare Fund 1 38 LO "H* Savings I 2.04 2.14 Spore Prof P tad L« 1J5 INCONB BOM D UNIT S pore Sec Fi ■ad Ut 2.36 flOTMi
    173 words
  • Article
    SHARE INFORMATION SERVICE
    2763 10 Gr'i Gr*s Net 1080/1981 Last Diy Dir YTd P/E Vol Day High Low CoHpujr Sale +or- C"TT (■OOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 245 Acma 336 -4 15.0 2.8 4.4 112 3 346 336 300 220 Alcorn 300 12.0 23 4.0 173 156 116 Allied
    2,763 words
  • Article
    In Kuala Lumpur
    1928 10 BID and offer price* officially listed and business in and reported tO the 1 1 T Jimpir Stock Exchange yesterday with the number of shares traded shown in brackets in k>ts of 1,000 units, unless otherwise specified. INDURKIALS AIM (2.83B 1MB) (3) LM (2) 192 (1) 181
    1,928 words
  • Article, Illustration
    Investors show renewed confidence
    618 10 SENTIMENT rate Mgk la mttff teilve MMdM at the Stagapere stack aarM yeetorday. The saarket started «ft straagty aaly to slide hack •a prsflt-taklßg teward ana, Mare a waarfM af jwwjpt la a kaaa to arraad laTcataicat If—to, wklek eajeyed geed pain tocressts Quality Utoriab were
    618 words
  • Article
    KL closes on mixed note
    625 10 THE Kuala Lumpur stock market closed on a mixed note yesterday as trading turned erratic in the afternoon. Most of the volatile thirdliners were pared with marginal to moderate losses apart from isolated counters which attracted fresh interest. These included new favourites such as Malayan
    625 words
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  • COMPANY NEWS
    • Article, Illustration
      Attractions of Traders` offer
      761 11  -  By CATHERINE ONG STRAITS Trading has emphasised in no uncertain terms that shareholders of Singapura Building Society (SBS) should consider its broader based activities and strong performance in deciding whether to accept its offer. In its offer document released recently, Traders asserts that while the share
      761 words
    • Article
      Lingui acquires Lian Shong for M$1.62m
      227 11 LINGUI Developments has announced another acquisition of a property-owning company, Lian Shong Sdn Bhd, for MJ1.62 million. Lian Shong owns a sixstorey commercial building in Johor Bahru. Lingui is to pay for the acquisition through the issue of 1.3 million new shares at 11.25
      227 words
    • Article
      Shares of Palmco over-subscribed
      177 11 THE public offer of 19.35 million shares by Palmco Holdings Bhd, which closed at noon yesterday, has received good response. The Malaysian Industrial Development Finance Bhd, registrars for the issue, said balloting for the over-sub-scribed shares will take place on Jan 21. The well-diversified, Penang-based industrial
      177 words
    • Article
      Sime not planning to take over North Borneo Timber
      570 11 DIRECTORS of North Borneo Timber (NBT) can take a breather. The giant Sime Darby is not planning to take over their company. A senior executive of Sime Darby yesterday categorically dismissed market talk that the conglomerate has such an acquisitive intention.
      570 words
    • Article, Illustration
      Lock icon 'Long-term investment'
      498 11 mm<a by HOCK LOCK SIEW WE have seen two announcements of "long-term investments" recently, both of which indicated a deviation from the companies' normal business. The market is not slow to pick on such developments which suggest that "Hiere is more than meets the eye". Hotel Royal, for
      by HOCK LOCK SIEW  -  498 words
    • Article
      Manila approves venture
      283 11 THE Filipino Board of Investments (BOI) has approved a U5538.83 million integrated palm oil project between a Filipino group and a Malaysian-based British company. The parties in the venture are the semigovernmental National Development Corporation, Filipino businessman Mr Oliverio Laperal and Dunlop International. The project is sited
      283 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      389 11 Wfe have a history of making money grow A| Lombard North Central is part of wmßw i\ 1 one of the world's largest banking JCTi \K V groups and we have a history whicHWTf sfi covers more than 100 years. Cal; j a We offer a range of deposit [Uc
      389 words
    • Advertisement
      Page 11 Advertisements Column 2
      342 11 vs Loose Leaf Accounting Systems And Analysis Pads !National Make Your accounting records perfect, economical and affordable Why should you pay $200 00 for a general ledger when you need to pay only $75 00 for NATIONAL* and yet enjoy extra benefits like qmrem In addition. NATIONAL gives you a
      342 words
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  • Article
    Lock icon Changes in HK takeover code
    189 12 Reuter THE HONGKONG Securities Commission has decided to include in the colony's takeover code a clause which would oblige shareholders, owning 36 per cent of a company's shares, to make a general offer to the other shareholders. It also said in a statement that acquisition
    Reuter  -  189 words
  • Article
    Japan will continue to give Singapore technical assistance
    275 12 JAPAN is ready to help Singapore in areas such as education and management, within the framework of its technical cooperation scheme. It will also continue to assist Singapore in economic development. These points were made in the joint statement issued yesterday at
    275 words
  • Article
    Electrical sector outlook bright says EDB
    429 12  -  By FONG MEW LENG THE electrical sector, forecast to be one of the prime growth industries in Singapore, is a very promising area for local investors. Dr Vincent Yip, head of the electrical and research and development division of the Economic Development Board, made
    429 words
  • Article
    Lock icon Tin leads metals in sharpest fall this year
    315 12 AP Reuter TIN led metals in their sharpest fall this year and spot tin metal crashed for the first time in four years through the £6,000-a-tonne floor price in Wednesday's trading on the London Metal Exchange (LME). Spot tin metal prices closed
    AP; Reuter  -  315 words
  • Article
    Lock icon Strike call against Saturday work decree
    173 12 Reuter THE Warsaw branch of Poland's independent union Solidarity said yesterday it would call a four-hour transport strike today unless the government withdrew a decree penalising workers who took the day off last Saturday. In a statement issued after a night-long session of its
    Reuter  -  173 words
  • Article
    LONDON STOCKS
    780 12 LONDON, Thurs. Share prices closed mixed in moderate trading today, dealers said. At 3 pm, the Financial Times index was up 1.8 points at 447.8. Grand Metropolitan was a firm feature rising 7p to 145p following better than expected results, dealers added British Electric traction, however, was down
    780 words
  • Article
    Lock icon Dow Jones mixed
    95 12 AP NEW YORK, Thurs. The stock market was mixed this morning as traders awaited more evidence of the course of the economy and interest rates. Gainers outnumbered losers by about a 5-to-4 margin in the early tally of NYSElisted issues, but the Dow Jones average of 90
    AP  -  95 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      343 12 NOTICE To the holders of the floating rate U. 5.550,000,000 Certificates of Deposit due 20th January, 1963 of: BANQUE NATIONALE DE PARIS Overseas Union House Cotfyer Quay, Singapore 0104 We hereby certify that the rate of interest payable on the above-mentioned Certificates of Deposit for the interest period beginning on
      343 words
    • Advertisement
      Page 12 Advertisements Column 2
      131 12 -V v. E, g. B* '•v i Conventions are more enjoyable with a birdie or two. >n &g E^ v -:7al m-M At Merlin. When you choose the Merlin in Fraser's Hill or Cameron Highlands, its not just conventionhall success you're assured of. Your participants (we have ample square feet
      131 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      61 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally fair and breezy. Report for 24 hews prior to 7JI p.m. m Jaaury IS at the airport Maximum temperature 29.4 Associated humidity 70 Minimum temperature 22.0 Associated humidity 95 Hours of sunshine 6.75 Rainfall in millimetres 1.5 Total rainfall
      61 words
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  • SHIPPING TIMES
    • Article
      Three companies to carry out survey on Songkhla port
      317 13 THE Thai Cabinet has approved the Ministry of Communications proposal to hire three foreign companies to carry out engineering surveys and designs for the development of deepsea ports at Aow Kham in Phuket and in Songkhla, Deputy Minister of Communications Yos
      317 words
    • Article, Illustration
      HKCL starts new liner service
      507 13  -  By JAN LEE HONGKONG Container Line (HKCL) has started a full container east-bound liner service from Europe to the Far East after operating the run on a NVOCC (non-vessel operating common carrier) basis for the past four years. The independent service uses the inter-container block
      507 words
    • PORTSIDES
      • Article
        Lock icon Taiwan stops orders
        89 13 Reuter CHINA Shipbuilding Corp of Taiwan has decided few the time being to stop accepting overseas orders because its production is tied up with domestic orders, a CSC official said. CSC general manager Mr Wu said there has been a flood of orders from Taipei shipping companies
        Reuter  -  89 words
      • Article
        Lock icon Abu Dhabi wins deal
        49 13 AFP ABU Dhabi Tanker Company has placed orders with French Alsthom-Atlantique of Saint Nazaire for three 27,500-ton tankers. The ships, to be delivered in 1983, will carry refined petroleum products within the Gulf region. They will incorporate twin hulls as a precaution against pollution. AFP
        AFP  -  49 words
      • Article
        Lock icon Surcharge reduced
        50 13 Reuter MEMBER lines of the Far East/Gulf of Aden and Red Sea Ports Conference and the Sabah, Brunei and Sarawak Freight Conference said they will reduce to 5 per cent from 7 the congestion surcharge at Assab and withdraw the surcharge of 7 per cent for Hodeidah. Reuter
        Reuter  -  50 words
      • Article
        Lock icon China sells bulk carriers
        67 13 AFP CHINA has sold two 36,000 ton-class hulk carriers to a company in Hongkong, the New China News Agency reported. The contract was signed by Chai Shufan, chairman of the China Corporation of Shipbuilding Industry, and Mr Yue-Kong Pao, chairman of the International United Shipping and
        AFP  -  67 words
    • Article
      INDEX TO ADVERTISERS
      722 13 SklppU* Liae P»«e CM Achipeiego vn a Adriatic Alea IV VI s > Afro-Eurasia VI s All trans Alpac VI VI 5 5 AngkuUo VI 4 Angonave Anhsing vn vn 4 4 ANL An toll i vm 1 4 APL m 4/5 Argentine IV 4 ASCL m
      722 words
    • Article
      Container Schedules
      924 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Lilies Operatn Arrival Date Time Ming Hope 27W 13.1.81 1700 Malay States 50 vc Naval Is 10S 13.1.81 0400 Neptune 49/50 vc Asian Patroos 2702 13.131
      924 words
    • Article
      LONDON FREIGHTS
      1424 14 BROKERS reported brisk business on Wednesday, especially for grain bookings out of North America, while a steady flow of coal fixtures also surfaced. Time-charter business was relatively quiet but included a booking by the Chinese for a 24,000 tonner delivery Tampa .Tan, trip China at US$lO,OOO daily with
      1,424 words
    • Article
      SHIPS IN PORT
      377 15 EXPECTED ARRIVAU TODAY KEPPEL WHARVES Builder 111 (after Jenson) 22 Cherry Laju (after Selamat Djtang St Golden Sum mej hauls) 27 Dona Sophia (1200 after Tendai Maru) 6/7 Dugi Otok (0530 after Nedlloyd Streefkerk) 1/2 Golden Summer (hauls 71m East after Tutong) 25/26 King Pearl (1500 after
      377 words
    • Article
      Lock icon Freighter missing
      106 15 UPI SHIPPING officials said the 1,595-ton West German freighter Rugwardersaod is missing and may have sunk in the Mediterranean during a routine voyage between Italy and North Africa. Officials at Livorno, Italy said the ship, carrying a load of wheat, left Livorno on Jan 5. They said the
      UPI  -  106 words
    • Article
      Lock icon German owners build 30 ships in Chinese yards
      203 15 AFP SHIPYARDS in China are to build 30 vessels for West German interests. The Hongkong daily, Hongkong Standard cited Germanischer Lloyds surveyor Klaus Muller as stating that four freighters and 26 river barges ordered by German companies this year will be constructed
      AFP  -  203 words
    • Article
      NUS PLANS TO INTENSIFY STRIKE
      377 15 LEADERS of the National Union of Seamen has planned to intensify their strike after rejecting the shipowners' latest wage offer. The executive council of the NUS unanimously refused the employers' proposed rise of 12 per cent. It is demanding 16 per cent above the present
      377 words
    • Article
      Lock icon China teams up with HK company
      422 15 AFP THE Shanghai Dredging Corporation has teamed up with Hongkong's Wong's Engineering Consultant Company to bid for international tenders on harbour engineering projects, China's first such venture. The Hongkong daily South China Morning Post said bidding will be done through a joint cooperation company
      AFP  -  422 words
    • Article, Illustration
      Port of Portland offers new brochure
      96 15 THE Port of Portland, Oregon, is offering a new foll-eoioor brochure describing its unique marine cargo capabilities and handling advantages. Short copy and dramatic photography emphasize the basic points of difference between Portland and other US west coast ports. Subjects covered -d include operating
      96 words
    • Article
      SHIPPING LIST where your ships are due... and when
      870 19 SCHEDULE j The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three
      870 words
    • Article
      ORIENT EXCHANGE
      761 20 THE Far East region is seeing a modest expansion of all types of shipping business this includes timecharter. sale and purchase, repairs, new buildings and demolition. From the Maldives to Korea steady growth was achieved last year. The Koreans now ranked 19th internationally with about 5.3 million grt
      761 words
    • Article
      Lock icon World shipping losses doubled in tonnage
      658 20 Lloyd's List WORLD shipping losses in terms of tonnage have doubled within two years. New figures detailing the mounting toll will reinforce concern over non-compli-ance with international training and safety standards. The highest figure of tonnage lost in peacetime is recorded by Lloyd's Register
      Lloyd's List  -  658 words
    • Article
      Lock icon China expects Holland to cancel deal
      118 20 AP CHINA expects the Dutch government to cancel the sale of two submarines to Taiwan or bear responsibility for "adverse consequences," the official Xinhua News agency reported. The Dutch embassy previously reported that China threatened to downgrade diplomatic relations unless the Netherlands revokes the
      AP  -  118 words
    • Article
      The Consortia
      136 20 The major shipping consortia operating between the Far East Europe and Straits ports/Australia and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. 'K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia Straits Container Line. Nedlloyd
      136 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      485 13 Oi st class transport Agents: Nedlloyd EAC For further details, please refer to page V [Scan Dutch Vl CONTAINER Schedules n LONDON Freights D/m SHIPS In Port m SHIPPING List VD REGIONAL Weather Vm ORIENT Exchange Vm un IA RDIM AM AH Orient Overseas Co*Ud*teA Line FULLY CONTMOUSED SERVICE TO
      485 words
    • Advertisement
      Page 13 Advertisements Column 2
      286 13 IUSEALORDH UASC UNITED ARAB SHIPPING CO (SAG/ ARABIAN GULF EXPRESS MULTI-PURPOSE SERVICES Loading for it Kuwait (1/4) Shuaiba (4/4) Dammam (7/4) Abu Dhabi (10/4) Doha (13/4) Dubai (16/4) FULLY CONTAINERISED SERVICE Loading tor (13/2), Mina Qaboos (15/2). Abu Dhabi (17/2) Dubai (15/2) Kuwait (17/2) Damman (24/2), Doha (26/2), Bahrain (28/2)
      286 words
    • Advertisement
      Page 13 Advertisements Column 3
      621 13 L Midfcyd Lines Call us We call the world Agents: Nedlloyd EAC Please refer to pagi y n*r MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS Penang Sated 11-19/1 25-26/1 1-2/2 1-9/2 15-16/2 22-23/2 1-2/3 8-9/3 Saied 17-11/1 24-25/1 31-1/2 74/2 14-15/2 21-22/2
      621 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      1020 14 i MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERN AD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Cdrtakwr Sknifct f eede< f AeUng Vessel Ffn Enx 1) G'borf 2) Kbw| J) r*« 4) fTdaa 5) U H P Aeiang
      1,020 words
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      Page 14 Advertisements Column 2
      321 14 BBS SUPERCARRIER SERVICE WEEKLY BERVICE TO PANAMA+US ATLANTIC GULF AND E. CANADA rt um kti frmai cm i*■ m cm* rw n n*** st w* non MB T«f 17-17/1 IV2 21/2 2V2 2V2 2«/2 27/2 3/3 VI ■MB TQM *2t/l 2S-2C/1 U/2 VI VI W IW 12/1 IV3 11/1 •MB
      321 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      807 15 New fast RO-RO service between Peninsular Malaysia, Sabah and Sarawak MISC Coastal Services appointed managers of "Sadong No. 1" NOW there's a faster, Sdn. Bhd. is now managed more economical way by MISC Coastal Services to ship ready-assembled, effective Ist January, 1981. medium-size vehicles to East For more information about
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      Page 15 Advertisements Column 2
      384 15 C.M.C.R. ocmn MOB Sport P Mb* Btona My**, Genoa Trieste 27 ha 29 ha 14 FA UFA 17 FA 24 FA IFA IF* 24 FA 22 FA 23 FA 2Ma IF* /FA 24 FA »F«k 27 FA (Mb 13 FM IS Ft* 2Mb 4Mb 5 Iter 12 Ms 2# FA
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      Page 16 Advertisements Column 1
      573 16 Ui inmoßorc Hapag-Uoyd JBWMP Spore PK Pen Bilbao Genoa Kbofj B"hav*n Rdam Antwerp 26/1 1/2 3/2 27/2 25/2 13/3 11/3 8/3 8/3 17/2 19/2 23/2 21/3 19/3 1/4 29/3 28/3 24/3 TouM/mmo* Fnrtu Hanker (Ei •connect in Kooshiong connect m Tokyo (CARGO TO ATLANTIC AMXGULf PORTS VIA MNILANDBROGE) Eipress 14/1
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      Page 16 Advertisements Column 2
      455 16 LIME KOREA P. Katang ALTAR 159* hi Port ALTAR 1601 ta Port CORPN PENANG STORE 1711 Jan 19-21 Jan FROM BUS/ BANGKOK 1711 Jan 19-21 Jan TO BUSAN VEGA 157W 22-26 Fab 27/2-1/3 2-5 Mar* FROM BUSAI BANGKOK 2-5 March TO BUSAN VEGA 15ft 22-26 Fab 27/2 1/3 2-sMvdi TO
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      Page 16 Advertisements Column 3
      506 16 EVERGREEN LINE FAR [AST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTWG CARGO FOR; HAMBURG FELIXSTOWE. ROTTERDAM ANTWERP LE HAVRE ALSO ACCEPTWG CARGO FOR UWTED KWGOOM SOUTHAMPTON. LONDON. MANCHESTER. BWMMGHAM BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BKMEftHAvEN HOLLAND AMSTERDAM S'nra M NmM*( FAsMn Mm* L« Nm ENI 17/11 27/11 7/12 J/12 11/02
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      Page 16 Advertisements Column 4
      854 16 I Everett Lines Barm Fiv# Star Sfcippwg Corpa. "BURMESE NATIONAL LINE' LOADMG FOR RANGOON htantamywa WM BFSSC Aowits *1 Motoyvo BOUSTEAO SHWNG "ItL NOS KL *****2/*****9 CinpMM AifMrtM Da WwwciH llwcawU—Ul S. A. C.I. F. Jf> "ARGENTINE NATIONAL LINE" ACONCAGUA 38/31 J» MCTORM I Tim FA CnA Tmipirtidw HUntiim Mwiaii
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      Page 16 Advertisements Column 5
      664 16 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTO SANKYO LINE AUSTRALIA SERVICE MAY PWNCI MAT CARP. Seaport 25/26 Feb P Keianj Saied 27/21 Feb MEL. SYD (AOQ) SYD MEL. AOCI JAPAN/STRAITS SERVICE sum OCEAN maru mark OCEAN RESOURCES SUBLME ELY SI AN STAR ARUNE BELUS WESTERN RtVER BELA ROZO CRYSTAL STAR GOCRN.
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      Page 17 Advertisements Column 1
      747 17 PIL GROUP EAST AFRICA/REDSEA SERVICE SMfiPOfV P.Ksl#ofl Ptninj Loidmg I 20/25 J*n Kaabm KOTA TIMUfI 20/25 Jan KOTA CAHAYA 20/25 J*fi KOTA SELAMAT 20/25 F*to IhMpWI P.K*<ang KOTA In Pt/17 Jan BEJAAAH KOTA CANTKIO/13 Fab COLOMBO/KARACHI/P. GULF SERVICE KOTA BAKU 20/25 Jan Colombo, Karachi, Dubai, Kuwait SINGAPORE/CHITTAGONG/RANGOON/SER VICES SINGAPORE/BANGKOK/SINGAPORE DIRECT
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      Page 17 Advertisements Column 2
      816 17 J ben line: CONTAINERi EXPRESS CONTMCR SERVICE TO/FROM EUROPE HBUBG B'HAVCN ROMI HAVW SOT ON Sparo P Ma«fNGaraa»v/ Aastna Artvarp Franco MU K a/1 n/l 12/2 14/2 IJ/2 17/2 11/; 27/1 21/1 IV2 21/2 22/2 M/ 2 l«/ 2 1/2 a/2 -a/i a/s 7/2 21/2 21/7 1/1 V) VI •1/1
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      Page 17 Advertisements Column 3
      434 17 ScanDutch9 WEEKLY EXPRESS CONTAINER SERVICE t PUMA a Port OPIUt 21/1 1 fIMCA 30/1 I. OANJA 9 POMGA 11/2 I Dttt« 23/2 I PtMGA 27/2 M Spare DVi AJTUMM 20/1 4/2 Spare l)VMte2)lt«aai 3)Hbw|4>G bi »/l 4/2 J/2 10/2 12/2 27/1 11/2 11/2 17/2 10/2 *0 oan J/2 11/2 21/2
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      Page 17 Advertisements Column 4
      551 17 BOUSTEAD SHIPPING AGENCIES SINGAPORE S'wong 2 eto Reunion 27/1 Durbon 4/2 Copctown 12/2 Pt Eliz 10/2 (also accepting East London and Maputo cargo! BANK LINE FOR REUNON l SOUTH AFRICA SHIRRA BANK SHIRRA BANK S'wong 2 30/3 27/1 16/4 4/2 20/4 12/2 27/4 10/2 29/4 Linos U.S. NEST COAST SERVICE
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      Page 18 Advertisements Column 1
      810 18 K LINE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA Eato M« muk itu na Carpo iht xcaptjMt tar I akland. Iwamr, Portland. Huston, Gaheiton New Orleans rtafc. Bitanart Savanna*. tadnonWb TO EUROPE P Kelang L Ha»re R'dam H'burj Bremen A'werp Vtiufc cal HTwrt. Bremen dam. A'wer® and
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      Page 18 Advertisements Column 2
      639 18 CALIFORIIIA/PACHC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE tar LOS ANGELES. SAM FRANCQCO SEATTLE TACOMA VANCOUVER B.C Accepts* fa/Fa CmtMil AUSTRALIA EXPRESS CONTAINER SERVICE Accepton FCE/ECI CmU—i PKelam Sport Bn Meft AM Sftf Fr« IS" 21 lan 22 Im 3 Fed 9 Ftb 16 Feb r II Feb 12 Fed 25
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      Page 18 Advertisements Column 3
      527 18 S S .A (.roup SINGAPORE SHIPPING AGENCIES PTE. LTD 20TM FLOOR OCE AN BUILDING SINGAPORE 0104 MARKETING *****2 I 3 tINESI GENERAL *****1 '14 LINES TERMINAL OFFICE *****83 TELEX RS ***** RS 2SS6B A B CARSMIP CABLE CARGOSMIP ltt'4|i»nal Container Lilies WEEKLY CONTAINER SERVICE to/from BANGKOK NEW PONT STMODIMUO S
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      Page 18 Advertisements Column 4
      661 18 KORINS MARITIME SERVICES Room 601 iCB Building. Way Singapore Tel 22 1 6322 *****67 MIDDLE EAST/RED SEA/EUROPE SERVICES HAVY If T 120 Mb STORE P. ROME LORHNC FOR: a/22 to* MM \QI~\SAM ICK Llf\tS r V A memocr ot Si"** Group oi Co^iaiws I'NERSEBVtCE HWM KOREA TAIWAN MONG KONG TO
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      Page 18 Advertisements Column 5
      653 18 4INTRASEA (PTE) LTD. fabe'House 234E Orchard 3oad Smgapo'e Telephone *****'' 1 *****57 S par* P. Ketaag ALimil WIN 21 tan II tan NORASM NBIO3 21 Fab 3 Mar BOULOGRE/RDAM/ UK(AVON) Afaah Satgapare MTRASEA (fit) LTD 235X11 BOOKSK *****57 K. lap* YEO SVfMC I TRAUNG 4N644, *****2. 4N671 PaMH| MIEK OVERSEAS
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      Page 19 Advertisements Column 1
      576 19 TO EUROPE/UK (VIA SUEZ): Containers Feedered to/from F'stowe Also accepting cargo to/from Scandinavia K J ACE WON Spore Closing Times FCI Cargo 1700 18/1 LCL Cargo 0500 18/1 FROM EUROPE (VIA SUEZ): TO AND FROM AUSTRALIA: Carriers' option to proceed via other ports LCL Cargo 2200 21/1 TO WEST COAST
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      Page 19 Advertisements Column 2
      495 19 PRACHT (MALAYSIA) SDN. BHD. REGULAR INDEPENDENT CONSOLIDATION TO THE I FOLLOWING PORTSVESSELS ETA PORT KELANG LOADING FOR 23/1. 4/2 Colombo Bombay Karachi 21/1 23/1. 28/1. Hong Kong Taiwan Manila 31/1. 1/2. 6/2. 9/7 Jakarta Tokyo Yokohama 11/2'. 18/2 Koba 31/1.11/2 UK Europe FOR BOOKINGS ENQUIRIES FCL LCL PLEASE CONTACT: PRACHT
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      Page 19 Advertisements Column 3
      418 19 r OCEAN LINES REGULAR NON CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE S port P Kdang Ptnang loadmf tw INQU MNPCR VSWB to fort Port Sad Ixussot, Aleiandna j Piraeus Berut Ri«eka OWNED VESSELS SAGASIA PTE LTD. (LOUIS 0«€ YFUS GROUP Of COMPANIES) 'I* *****55 (5 imn) lUII «S 2MM SKOS P
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      Page 19 Advertisements Column 4
      600 19 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We. Trademar Pte. Ltd. of Unit 1101 A. 11th floor. Marina House. Shenton Way. Singapore 0207. hereby give notice that in consequence of our client's intended change of name of the motor vessel "Hodeidah Crown", we have applied to the Registrar
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      302 20 MALDIVE LINES ETA KUANTAN ETA PORT KELANG MALDIVE NEIGHBOUR 2/2 Loading For Dubai/Bahrain/ Damnum MALDIVE LOYALTY In Port Loading tor Hodeidah MALDIVE AMBASSADOR 20/1 Loading tor Dubai/Bahrein MALDIVE PIONEER 30/1 Loading For Jeddah MALDIVE MPORTER In Port Loading For Male MALDIVE PROGRESS 30/1 Loading For Jeddah MALDIVE CREST 20/1 Loading
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      Page 20 Advertisements Column 2
      335 20 ft JOHORE SHIPPING Ljf 161 lAIAN TENGK *^550* TENGHU RADAR PORT KFI ANG »NGOR M«i»vSIA HAJ SHIPPING SDN. BERHAD k Express Umttoad Service from P. Kelang I East Malaysia Brunei PW.G Loadrg for HAYATI V: 2/81 HAYATI V: 3/tl HAYATI V: 4/S1 HAMDAH V: 1/S1 HAMDAH V: 2/81 HAMDAH V:
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      Page 20 Advertisements Column 3
      221 20 THAI YANG SHIPPING CO SDN. BHD My mm TMK M* THM TMK Hi Plitaii( Ottta *OT 1/tl 11/1) I*. WT 2/« l U/15 FA Mr. NAM HUA SHIPPING SDN BHD IN SB WW *M NO 3 1/11 MT 91 MM MM HO J 2/11 •M) SB IMM MM NO 4
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      Page 20 Advertisements Column 4
      533 20 Are you making full use of the Shipping Times as an effective selling medium? For further enquiries coll: Shipping Times Tel *****44, Extension 351 or 367 Times Centre 1, New Industrial Road Singapore 1953 A ANTOLL LINES m MB D*ect Bls to Adelaide Melbourne S»dne» Brisbane Independent FCI Container Conventional
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      167 20 Regional Weather i m n m a e SoIS sa s aL IK Is Z CT'" Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots Rain Wave height
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