The Business Times, 4 February 1981

Microfilm: NL10904
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 WEDNESDAY, FEBRUARY 4,1*81 60 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Decision rejected
      76 1 Reuter THE HAGUE, Tues. The Dutch Parliament today rejected a government decision to allow a Rotterdam naval shipyard to export two submarines to Taiwan. The Chamber of Deputies voted 77 for, 70 against, a left-wing opposition motion calling on the government to annul its decision. After the vote,
      Reuter  -  76 words
    • Article
      Lock icon Anger over wheat sales
      94 1 Reuter WASHINGTON, Tues. American agriculture officials reacted sharply today to reports that West European mills are grinding US wheat to provide the Soviet Union with over 700,000 tonnes of flour. "We do not welcome the sales in the least," said one official of the US Department
      Reuter  -  94 words
    • Article
      Lock icon Compensation for losses
      78 1 Reuter TOKYO, Tues. Japanese industrial plant exporters will urge China's National Technical Import Corporation to compensate for losses arising out of its cancellation of contracts for several Chinese industrialisation projects, the Ministry of International Trade and Industry said today. Unless the corporation settles the question to the
      Reuter  -  78 words
    • Article
      Lock icon Police cordon off embassy
      58 1 Reuter MANILA, Tues. Police in riot gear today cordoned off the Iranian embassy after about 300 Iranian students marched on the mission demanding to see officials about reduced allowances from the government in Teheran. Police said 80 police and paramilitary Mocked off the street outside the
      Reuter  -  58 words
    • Article
      Lock icon West German tanks
      72 1 AFP FRANKFURT, Tues. Malaysia is in the market for West German tanks and other armoured vehicles, the Frankfurter Rundschau daily reported today. However, an economics ministry spokesman said that an expat licence had not been requested by the builders, Thyssen-Henschel of Kassel, and would not have been
      AFP  -  72 words
    • Article
      Lock icon Suzuki rejects demands
      70 1 UPI TOKYO, Tues. Prime Minister Zenko Suzuki's government rejected opposition demands to fire the nation's top general for reputedly challenging the administration's defence policy. Mr Suzuki's cabinet, in a move today apparently aimed at mollifying government critics, postponed its scheduled approval of the routine retirement of General
      UPI  -  70 words
    • Article
      High Commissioner
      37 1 KUALA LUMPUR, Tues. The former deputy home affairs minister, Tan Sri Syed Ahmad Shahabuddin, has been appointed High Commissioner to Singapore. He takes over from Datuk Abdul Malek bin Mohamed who retired four months ago.
      37 words
  • Chief Price Changes
    • Article
      SINGAPORE
      132 1 Rises Indices Sea VUw 710 86 Feb 2 Feb 3 O C B C 1460 +00 B.T.Indicatcr: *****.*****79.78 ICB 910 ->-50 Industrials: 744.50 751.19 P M Hides 000 Aymr Hltu Sab 000 U I C MO +50 50 +.40 Finance: Hotels: 1467.46 1490.49 1003.36 1011.96 B Ktjri 006 +36
      132 words
    • Article, Illustration
      MALAYSIA
      143 1 Rises. Indices OCBC 1560 Jan 30 Feb 3 +120 B.TIndex: 8^934.*****87.70 Magnum MUI 2300 1700 +180 120 Industrials: Finance: 900.38 920.62 1388.20 1462.18 U O Bank 590 100 Hotels: 439.64 439.94 M Banking 1800 +70 Properties: 879.65 901.70 S Trading 1450 +70 Tins: 478.96 480.68 B Raya 720 +60
      143 words
  • Article
    Multi-Purpose acquires UMBC
    689 1  -  51pc STAKE AT $10 A SHARE By CHOO AI LENG MULTI-PURPOSE Holdings, the multi-million dollar investment company of the Malaysian Chinese Association (MCA), bas acquired a controlling interest in United Malayan Banking Corporation (UMBC), Malaysia's third largest hanking group. It recently bought from a UMBC director Chang
    689 words
  • Article
    Index hits another all-time high
    249 1 YET another all-time high 751.19 points was scored by the Straits Times Industrial Index yesterday as unabated buying pressure continued on selected quality industrial stocks. Since last Friday, new peaks in the ST Index have been achieved daily as punters and investors alike charged their
    249 words
  • Article
    Sheares underscores virtues of success
    805 1  -  By MARGARET THOMAS HARD WORK, thrift, honesty and self-reliance these are the virtues that will see Singapore safely through the future. Speaking to parliamentarians and guests assembled last night at Parliament House for the formal opening of the fifth Parliament of Singapore, President Sheares said,
    805 words
  • Article
    Revealing vital statistics
    388 1 THE number of persons who are literate in more than one language has nearly trebled since 1970, the first report of the 1960 Census of Population shows. The cepsus, which was conducted by the Department of Statistics last June, also shows more than half of the Singapore
    388 words
  • Article
    Gold tumbles to lowest in nine months
    163 1 THE prim af gald tamhM to atom mi the Bhppm market at a riwmaatk tow UBMK/48S a tray tuec, ton tUH Na the prevtou' day's Laadaa traflag VMMnUff wf®t as tow n $rn aai tke metal was to Ike maratog at $40, 4m
    163 words
  • Article
    Falling US dollar hits garment makers
    457 1  -  By FOO CHOY PENG SINGAPORE garment manufacturers are finding the going increasingly tough. Not only do they have to contend with keener competition from other developing countries, they are also hit by the failing US dollar. They are in the unenviable position of receiving
    457 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      13 1 Companies' Activities, Key Personnel, Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah)
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    • Advertisement
      Page 1 Advertisements Column 2
      12 1 v <2^ $9^ r *****30 or *****24/*****7 Mow M*n c«r rental struct'
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    • Advertisement
      Page 1 Advertisements Column 3
      33 1 m SHIPPING TIMES CROSSWORD I, TV AND RADIO f, WHERE TO WINE AND DINE S SHARE INFORMATION 11, COMPANY NEWS 11 Save $2S wttfc m uml nbMriptiM. Blag Betty Tu, TfIWU est Z»
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    • Advertisement
      Page 1 Advertisements Column 4
      263 1 Internationally recognised as trend-setters. -.Paget |,{$;-),>$*_`*^'@"\??(+%:_:!,+~ Is Oil blowing ICAP apart? ABQ 4th Quarter 1980 CAP (toes not appear to be working out very wd. When Austraka introduced CAP some two years ago. it sought to create a lower a* fares market which would also boost the revenue of its
      263 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Washington to resume ties with South Korea
      487 2 NYT UPI PRESIDENT Reagan has agreed to across-the-board normalisation of relations with South Korea in a meeting with President Chun Doo-Hwan on Monday. The move showed Mr Reagan's determination to move away from the Carter Administration's emphasis on human rights as a key
      NYT; UPI; Source: UPI photo  -  487 words
    • Article
      Lock icon US holds back plan to cut foreign aid
      283 2 UPI THE Reagan Administration has backed off from some planned deep slashes hi US foreign aid programmes after a series of complaints from major allied countries. State Department spokesman William Dyess said a series of cuts, amounting to US$2 billion ~ln the
      UPI  -  283 words
    • WORLD IN BRIEF
      • Article
        Lock icon AMERICA IN THE LEAD
        464 2 Agencies THE United States last year emerged as South Korea's top trade partner, pushing Japan into second alace, according to figures released, by the South Korean Commerce-Industry Ministry- South Korea's two-way trade volume with the US increased last year by 5.5 per cent over the preceding'
        Agencies  -  464 words
    • Article
      Lock icon Reagan insists on US presence in Middle East
      657 2 NYT UPI US PRESIDENT Reagan said he is willing to talk to the Soviets whenever they are prepared to discuss "a legitimate reduction of nuclear weapons," but he insisted that the United States should have a military "presence" in the Middle East
      NYT; UPI  -  657 words
    • Article
      Lock icon Russia lays terms for withdrawal of troops
      556 2 UPI THE Soviet Ambassador to Pakistan has offered to withdraw occupation troops from Afghanistan if Pakistan reaches a political settlement with its landlocked neighbour. Ambassador Vitaly Smiraov made the offer on Sunday evening at a dinner in Quetta of which the editor of
      UPI  -  556 words
    • Article
      Lock icon Two HK legislators against nationality bill
      240 2 AP TWO key Hongkong legislators protested to Foreign Secretary Lord Carrlngton that Britain's new nationality bill will give the colony's 2.6 million residents the status of second-lass citizens. .The representations of Sir S.Y. Chung and O.V. Cheung were given "a careful and sympathetic hearing"
      AP  -  240 words
    • Article
      Lock icon Iraqi stand on ties with America
      347 2 UPI A HIGH ranking Iraqi official has indicated that Iraq is ready to restore diplomatic relations with the United States if Washington takes a more "objective" approach to its relations with Israel. Iraqi Deputy Prime Minister Tarek Aziz told a Saudi newspaper that Iraq
      UPI  -  347 words
    • Article
      Lock icon Warming up for the non-aligned meeting
      302 2 UPI SENIOR officials from Third World nations met in New Delhi on Monday to lay the groundwork (or the Feb 9 to 12 non-aligned foreign ministers conference to discuss crises in Afghanistan, Kampuchea, the Middle Cast and Africa. More than 80 officials from 30
      UPI  -  302 words
    • Article
      Lock icon Saudis not likely to allow oil prices to crash
      278 2 Reuter SAUDI Arabia appears to be signalling that it will not allow world oil prices to crash if the end of the Gulf war results in a glut on the market, oil company analysts said in London. They were commenting on
      Reuter  -  278 words
    • Article
      Lock icon Warsaw still opposes union for farmers
      326 2 UPI Reuter THE POLISH government has reaffirmed Its opposition to the registration of the farmers' union, Rural Solidarity. This has once again raised the possibility of the Polish workers' union Solidarity calling retaliatory strikes if the farmers union is not registered. Solidarity had already
      UPI; Reuter  -  326 words
    • Article
      Lock icon Worst is over for world recession
      171 2 Reuter THE WORST of the recession is over (or the world economy, in the absence of any major new shocks, and it is likely that growth will be resumed sometime later this year. However, said Bank of England governor Gordon Richardson, few think the
      Reuter  -  171 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      792 2 ARRIVALS Service Local Operator Nuber Tine Proa PAA PA006 0030 JFK/SPO/HKG MAS MH601 0630 KUL SIA SQ580 0710 MAA SIA MAS SQ101 MH605 0815 0830 KUL KUL MAS MH6Z1 0835 PEN RBA Bid 0830 BWN MAS MH671 0830 PEN/KUL SIA SQZU SQ103 1000 HLP SIA 1000 KUL
      792 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      32 2 Diamonds direct from Antwerp. Belgium n CHAIRMAN: S. PEPER FAR EAST DIAMONDS PTE LTD Rm 704 7th. Floor Shaw House Orchard Road. Su .gapore 0923 Tel: *****31 Telex No RS ***** FEDIAS
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      395 3 y fi-: x 5 mm® Wt H^b m o pp miloollll \y '<-: X'v- •:::>:••• M wmm®.. ""hmmwii i. < a^. y<:.:■¥<■ =:> ,v» •:>y: wmwzk\ ••••> .or- •:•:•>. x. l. pi:! Iv% 4 J.; ifc 1 $z '"I s H SSiSHI :**>.'•.- y'-: V >: >Xy ip^npip» rail! v.
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  • RAW MATERIALS
    • Article
      Quick gains in timber processing may be over
      429 4 THE era of quick profits in timber-processingopera- tions has passed, according '""to Malaysia's primary industries minister, Datuk Leong Khee Seong. He said there was a promising future only for those who made long-term •-•i plans for the efficient use of limited wood
      429 words
    • Article
      Lock icon World tin output down in 1980
      96 4 Reuter WORLD mine production of tin totaled an estimated 250,000 tonnes in 1980, down frbm 356,002 tonnes in the prior year, the US Bureau of Mines reported. It said production in Malaysia, the world's largest tin production nation, was unchanged at 64,000 tonnes while
      Reuter  -  96 words
    • Article
      RUBBER
      206 4 THE Singapore market closed easier and February One RSS buyers finished at 281.75 cents a kilo, down 2.50 cents from Monday night's close, dealers said. The market, after opening slight higher, lost about 1.50 cents in quiet morning trading on February liquidation. The market lost a further one cent
      206 words
    • Article
      RAS PRICES
      300 4 RA8 price* In cenU per kUo yesterday: > ki>»» Buyer Int. 1 R.S.S. prompt f.o.b. 281 00 lot. 1 R.S.S. February S3.25 (per kUo) Seller* mooN 283.75 (per kilo) Buyer* Seller* m.00 28MHN Bin Int. 1 RS.S. March 288 50 Int. 2 RS-S. moo UK/Coat moo Int. 3
      300 words
    • Article
      SSR and SMR
      102 4 NOON MR mi 8MR RA8 VaWmatv M 98R» (1-loa S8R80 h-tm mmmmWU (Cmmml MU) (Tarwart MU) Bajrwa Wlm Baym Mm »dbt) JM.00 U7JJ0N 147.*) 249 JON MM) MUO 14U0N >44 00 14&00N MULB SMR SMR CV l L I lam tm p*»m) auo nuoN soo-so jouon pafct)
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    • Article
      Straits Tin
      79 4 THE STRAITS tin price is Peaaag rase a cent to MIM.M a klla, still within the latere» tleasl Tift Agreement's middle price image sf $91.11 to $32.74, deftlera nld. Smftller efferlaga (refai miaera la aatteip»flea of a bettor levels alter the Chlaeae New Year eatwelghed tower evendght Laadaa
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    • Article
      CLOSING PRICES
      34 4 Robber: Feb 3 Singapore: February: 281.75 cents (down 2.50 cents) Malaysia: February: 303.00 cents (down 1.50 cents) Tin: M 530.46 per kilo (up one cent) Official offering: 139 tonnes (down 92 tonnes)
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    • Article
      India's STC oil imports forecast
      123 4 INDIA'S State Trading Corporation (STC) is likely to import only one million tonnes of vegetable oil In the ISBO/81 (November-Octo-ber) year, down from 1.2 million last year, the US Agricultrue Department's counselor in New Delhi said. The forecast of the current year'a Imports assumes that
      123 words
    • Article
      Produce exchange
      178 4 CHINESE Prtdiee Ex< cku|«, Stagapare, imi eJaaftag prieea per 100 kg yesterday. Crnwl sfl: Bulk fob «139 00 sellers, old dram (1b second hud dram) fob $139.00 sellers, new dram fob 5145.00 sellers Cfit: Mixed (looae) 179.00 buyers. Pepper: Muntok white pepper fob AsU NLW (432 50 sellers,
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    • Article
      RICE
      169 4 BDH3AFOBE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent Orst daas (Kangaroo) new crop Ll7, 100 per cent second class 0.97, 100 per cent third daas 0.98, 25 per cent new crop no stock, B-10 per cent 0 JB. THAI BROKEN: A-super 0.77. Special
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    • Article
      SOYBEAN
      144 4 SOYBEAN futures In Chicago on Monday closed nine to alx cents per bushel higher after trading In a 11 Vi cent range in March. Slow country movement and a tight cash market allowed moderate local and wire house abort-covering to keep bean prices firm all day. Easing of tensions
      144 words
    • Article
      WHEAT
      163 4 CBT WHEAT futures In Chicago on Monday closed comparatively Arm In the new crop, up three to 7Vi cents per bushel in a 9Vfc cent range. Concern about forecasts of continued dijinas in the south-western US winter wheat producing region kept new crop relatively firm, traders said. Active out-movement
      163 words
    • Article
      LONDON MARKETS
      818 4 COFFEE: Robust* futures yesterday closed a quiet morning steady, £6 to £10 a tonne down from Monday. Turnover was 768 lots including 10 options and around 240 lots of cross trades. Prices tended easier after the opening, losing around £12 at one time on commission bouse selling with
      818 words
    • Article
      PALM OIL
      144 4 THE Kuala Lumpur market yesterday closed firm on short-covering ahead at the long rhino— New Year in moderate trading, dealers said. For February, the northern and southern region rose MJIO each to $1,015 a tonne while central region was unchanged at HJNO. In March, the central region gained
      144 words
  • ASIAN STOCKS
    • Article
      Share prices fall on profit-taking
      491 4 TOKYO SHARE prices yesterday (ell oo profit- taking while investors stayed on the sidelines, fearing 'a possible restriction on margin trading due to a high level of buying contracts in such trading, dealers said. The market average lost 30.75 to 7,291.31 with volume 230 millicshares.
      491 words
    • Article
      Hongkong
      306 4 THE market yesterday registered sharp gains as speculators took advantage at the long settlement period to go on a buying spree. Second and third liners were in particular favour as counters such as Overseas Union Realty, HK Realty. Tai Cheung and FEC all made nice gains. Trading was heavy
      306 words
    • Article
      Sydney
      327 4 THE further (all In the gold price and speculation of mare big capital raisings kept the market lower yesterday, dealers said. BHP, which has taken much of the blame far the current fall in the market with its announcement of a AJ335 million rights issue, closed 10 cents down
      327 words
    • Article
      Bangkok
      203 4 FEB 03 Bahts Asia Credit Asia Fibre 144 unch Ayuthaya In* Aiwl Trust Bangkok Investment Bangkok Bank SB -2 Bangkok Drying And SUo 234 -2 Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia Bank Of Ajrudhaya l-UI 148 unch Rata Berll Jucker 281 ♦8 Carpet InterNational Charoong
      203 words
    • Article
      Manila
      128 4 THE stock market yesterday was mixed as turnover fell to L 5 million pesos (ram 3.3 million, dealers said. Anglo Phil and PLOT finished stranger while Phflex B and Ist PhO Holdings were among losers. FEB 03 Pesos Aco)e Mining OH -«001 Atlu Con. A Altai Con B 27
      128 words
    • Article
      Selected indices
      50 4 FINANCIAL TIMES INDUSTRIALS Monday <87-8 Friday 8864 Week Ago 463-B DOW JONR8 AVERAGE INDUSTRIALS Monday 832» Friday M7-27 Week A®o 838.91 HJLHANG 8ENG Tuesday 1841.00 Monday 1808.70 Week Afo 1960.18 AUSTRALIAN INDUSTRIALS Tuesday 864.0 Monday 866J Week Ago 864.1 ALL ORDINARIES Tuesday 844-8 Monday 848.4 Week Ajp> 8863
      50 words
  • Page 4 Advertisements
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  • TRADE AND INDUSTRY
    • Article
      Japanese managerial practices and methods
      305 5 SENIOR and middle managers will soon have the opportunity to learn about Japanese management practices and policies. The Singapore National Employers Federation, the Sanno Institute of Business Administration of Japan and the National University of Singapore will be organising a seminar, 'Effective management of a
      305 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      58 5 DINERS World Travel has appointed Vn Nishimara regional manager, Japanese division. A graduate of Osaka Commercial University, Mr Nishimura has 11 years of airline and agency experience. He was formerly sales manager (or Singapore Airlines in Japan and Regional Office Asia, based in Singapore. He was until
      58 words
    • Article, Illustration
      FOUR PROJECTS TO HIS CREDIT
      272 5 FOR a former bank clerk, Kwok Wai Hoi seems to have harnessed his assets very well. His KWH Holdings now has four housing projects worth nearly $40 million on its books. Mr Kwok, who is in his early 40b, started on his building plans in
      272 words
    • Article
      A new method of packing textile products
      531 5 GARMENTS and other textile products can now be packed in a new way which reduces freight costs and minimises damage to the products. However, local manufacturers will have to wait at least a year before this new technology is available in Singapore. The
      531 words
    • Article
      FACSIMILE SERVICE
      90 5 A FACSIMILE service is now available to Sweden. The international facsimile service is a subscriber-to-subscriber service which enables subscribers to transmit and to receive documents, pictures, forms and prints from the distant party. For the subscriber-to-subscriber facsimile service to Sweden, call bookings can be made through Telecoms' international
      90 words
    • Article
      TRADE TALK
      167 5 A ONE-day seminar on 'Product assurance for senior managers' organised by the Singapore Quality Reliability Association will be held at Ming Court Hotel on Feb 16. The seminar will be led by Walter Hurd, corporate director of product assurance at Lockheed and former president of the American Society
      167 words
    • Article
      NPB computer survey findings
      566 5  -  By LILLIAN CHEW THE findings of yet another computer survey have been released this time by the National Productivity Board, which conducted the survey in the third quarter of 1979. However, the response to the NPB survey was poor compared with the response to the survey
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      33 5 Un&aSwn %y SPACE SHUTTLE IS HERE!!! WATCH OUT FOR OUR STRAITS TIMES FULL-PAGE ADVERTISEMENT ON STH FEBRUARY! DON'T MISS IT! A great way to travel TA -345 S//VO AMERICA TRAVEL CORPH PTE LTD
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    • Advertisement
      Page 5 Advertisements Column 2
      255 5 Now, there's a golden opportunity to win a free when 4 0 I V I 1 .1 ■f X.s L •mi British Airways fly everyday to Sydney, four days a week to Melbourne, thrice weekly to Brisbane. And now, teamed with Ansett's 34 destinations in Australia, we're all set to
      255 words
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  • Article
    Case for weaker S'pore dollar
    428 6 THOSE WHO stand guard over the Singapore f\piiar and its relation to other currencies, particularly the American dollar, will have to lend an Attentive ear to the woes of the garment manufacturers. Theirs may be the only voice raised so far bout the negative impact
    428 words
  • Article
    Golden lesson that must be learnt
    328 6 S&E GLITTER of gold dulls with every new level metal reaches In its downtrend. The goldbugs «•e less voluble these days and the queues to buy |$ld wafers have shortened noticeably. The roaring gold fever of the past two years is now a Jihimper.
    328 words
  • Article, Illustration
    Lock icon The star performer
    1113 6  -  Like their Sun Moon Lake, calm and cool, the Taiwanese have proved that they can weather the world's stormy times. The Taiwanese economy continues to go from strength to strength. By DAVID HOUSEGO FT MOST flights Into Talpeh are full these days, bringing Japanese tourists, garment buyers
    FT  -  1,113 words
  • Article, Illustration
    Lock icon Facing a possible return to obscurity
    631 6  -  By PETER TORDAY Reuter CANADIAN opposition leader Joe Clark (aces a possible return to obscurity as pressure mounts in his progressive Conservative Party (or a review of the leadership. The party's annual convention will be held later this month and many delegates and members
    Reuter  -  631 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      642 6 I -IN-ONE CBOSBWORD 11 JtBYPTIC PUZZLE ACROSS 4 wDld-fashioned writers (6) 7 What to ay when forgoing, going before (5,3) B£Xinda't territory, panibty? 10 <*«st writer? (5) 13 HPeast in a burnt, etc (4)' 14 tpoes he give a growl in *Qerman? (4) 15 «fUght-eounding ceremony 16 temper? (3) 17-American
      642 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      33 6 fv-tKT LTTtlc CtteeP IN 4b2> checking OUT TOOP»V I SPW wtmfbusHiNG ms cpctmiS rrX3gK4iHG».. y JUST TO rnp»*aLSuoE_ ue GfeJ *TiP TmsTtm( LeT'S Go P>MD STpsND ,Bv the. CAR > •4ft nou N£yT Xlpes
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      335 6 TV& LUNAR SURPRISE 7X ■ri X I 1 S 7 h We. 8* he Geag XI Ft Cel te ell 1 C SINGAPORE 5 J 3.00 PM Opening Mowed by The Younf 7.00 Happy Days A Shot In the Dark And The Restless 3.25 Mandarin TV Theatre 4.40 Diary Of
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    • Miscellaneous
      Page 6 Miscellaneous Column 4
      168 6 News Ml Sports Diary LIS On The Sunny Side Ml Prog Summary followed by Storytime I.Jt Arts Alive 10.00 Music While You Work 11M News in Brief llJi Instrumentalists Of The Week UJI Many A Slip IXJO Say It With Music IJI Lunch Date IJi PM News followed by Share
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  • Article, Illustration
    Lock icon EMPIRE BUILDERS IN AUSTRALIA
    1705 7  -  Ipoh Gardens Berhad's A 513.5 million purchase Asians have been pouring hundreds of millions of dollars into Sydney property, the exact amount of which is impossible to ascertain. The latest to join the league is Ipoh Gardens Berhad, one of Malaysia's biggest property developers. FLORENCE CHONG,
    SOURCE: SYDNEY CITYSCOPE  -  1,705 words
  • Article, Illustration
    Lock icon Restrictions in Switzerland
    886 7  -  The Swiss government is intensifying the struggle against foreigners buying property. But, reports JOHN WICKS, the cantons which earn most tourist Jk income will probably resist. Mm JOHN WICKS FT THE SWISS government has been trying to slow down sales of property to foreigners for nearly 20
    FT  -  886 words
  • Article
    Lock icon An indication of Spain's political instability
    834 7 ponnw^&fj|J with JAMES MARKHAM 1 NYT THE CRISIS touched off by the abrupt resignation of Prime Minister Adolfo Suarez last week has assumed dimensions far larger than a similar event might be expected to cause in a more stable Western European parliamentary democracy. Spain's
    NYT  -  834 words
  • Article
    STRAWS IN THE WIND
    169 7 THE WOES af Britain's weU-kaawa. 8a gaeas what is the latest la huaper stickers la Britain: Nationalise crime! An It will aeverpnj! YOU'VE heard ahaat having te raa the gantlet Well, high-heeled hits whe try to faeae an at the hMul eatalde the Piiiwh Hetel have
    169 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        259 8 KKB 02 Krs CORBEILLE Air-Llquide B S N Gervais Uunone C S (ThomsonCsf) l> Krancaise des Petroles L'oiupasnie Kinanciere Compafnie Generate Credit Koncier Ue France Hachette (Librairie) Machines Bull Michelin (B) 471 1015 373 219 380 411 355 54 50 666 229 50 -2.8 5 15 8.5 10 7
        259 words
      • Article
        Frankfurt
        221 8 FEB 02 I>rn Aeg-Telefunken 6730 0 3 Akzo 14 60B All/ Leben 1000 00 Allz Ver> 463 00 3 BASK 119 TO 07 Bay H T Wfcunk 202 00 -1 Bay VMnk 289 50B Bayer ri., 108 60 0 6 BBC' 256 50 BMW ***** 07 Caiuflla ***** unch
        221 words
      • Article
        Brussels
        95 8 KKB 02 Krj FORWARD MARKET Aere Arbtd Astur 266 1080 360 -f 40 -5 Brasran Bru-Lainb Canpac Cock l)p Bffn 970 900 1230 a» 277 unch 44 15 -10 Eb#s Elrrlrobrl Gb-Inno-Bin Gev Hobo* Pnro Ryl Dutch 1725 290C I960 1290 2MS 5130 3055 unch unch -30 unch 10
        95 words
      • Article
        Amsterdam
        201 8 KKB at Fix 3C ABN 270 20 -1J Ahold 68 00 02 Ak/o 1590 0.2 •V AMKV 9330 0.2 in.«o 0.9 Amrobnk 54 70 -0-2 Brrgosft 33.00B Berk 46 00 .03 Bol.s 55.10 04 4 j Borsuinij ***** -2 n i Burhtnann 58 00 05 Byenkorf 38 20 0.7
        201 words
      • Article
        Zurich
        184 8 KKB 02 Francs Ai li<.n> Siiiurs 289 1 Alusuisv Br 1065 -5 Aliiiuiw Rrs 417 -4 Brinn Boveri Br 1350 15 C'ltu Cirigy Br #70 •10 I'llu (irlg) P C 156 unrh I'lta ficnj Reg 556 unch Credit Suliv Br 2580 15 I'ffdll Sukm* Rrg 450 1 MMM Br
        184 words
      • Article
        Milan
        111 8 KKU 02 Lire Aim 8 70 0 1 Avvif On *****0 -300 799 50 •2 5 Oiitnik ***** •1499 ptm 2275 -104 fmmm 93 75 3.75 (ien Itnmoto 25» -<S2 ■1 Pri 5380 -168 lLalt ern«»nii ***** 500 lUlfXN 1830 30 1 la I side r 285 -10 Magnrli
        111 words
      • Article
        JOHANNESBURG
        319 8 KKB 02 Rand INDUSTRIALS A Alpha 370 5 Aberrom 295 unrh AE And CI 770 unch AMIC wn unch Barlows 970 -14 Cg Sugar 1600 CNA 500 unch Curnr Knuiur 185 •S Dr Herrs Ind Edron ZZ 560 Ldgart 8700S 100 Kverfudy h'rd Volk 465 5 Kugit 220 -5
        319 words
      • Article
        TORONTO
        188 8 KKB Sti < c Ahmbi 25 38 41 30 32 18 «1 33 unrh Algoma Bank Mont -1' Bank Nuw Scotia Brll Trl Brth Corp BP Can Ltd Brasran ♦I'i Camp Red Lakr Can Imp Bk S8 -2' Cunpar 13 Canpar In* PI Carl in* O'Kfflf Coininco 19 r•
        188 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      153 8 Where to wine,dine and entertain im** t I lie American lix press Card. Don't leave home without it. I Local and Western self-service lunches Open daily 10.30 a.m. to 3.00 p.m. Restaurant Lounge 10.30 a.m. to 10.00 p.m. r Put on your dancing shoes and w dance to non-stop music
      153 words
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      Page 8 Advertisements Column 2
      173 8 mi* C IV' ft C2ST f.«L!I.V.. 1 I v 0 •> -■> OT:. f »<• s. S*w 2 4. For banquets. For conventions. For other functions of flawless finesse. i "i t:< •?js t<» .ri t< > 'JS() ijitt 'sf.s .1 > ;?t 'n'M,; <rk'MU.s u > t n< K
      173 words
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      Page 8 Advertisements Column 3
      131 8 |*[$^'\:_>^="&{;"">:@`.%^..*+=, Feast like an emperor at Chinatown A \lerlki Grill Speciality From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before. Only at the Singapore Merlin Lunch from 12 noon 2.30 pm at $14 00 per head Dinner from 7.00 pm 11.00 pm
      131 words
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      Page 8 Advertisements Column 4
      117 8 OOGOO Inn Of Happiness w. dSf' J m 4 O KB Cantonese style. Szechuan style The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. ||MHMON MTERNATIONAb SMGAPORE
      117 words
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      Page 8 Advertisements Column 5
      112 8 fit I > *rj This Is Thai SMfood at its authentic bast So fraah. it could hava been aliva 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 Outer Rise/Penang Road. Singapore 0923
      112 words
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  • BANKING AND FINANCE
    • Article
      BOJ may impose further reduction
      130 9 THE GOVERNOR of the Bank of Japan, Haruo Maekawa, has acknowledged that the central bank is considering another reduction in the official discount rate but needs more time before making a final decision. He said a rate cut should be coordinated with commercial bank rates,
      130 words
    • Article
      Lock icon Samurai bonds expected to double
      258 9 Reuter ISSUES of Samurai bonds, yen bonds issued by foreign issuers in Japan, are expected to double in the next fiscal year starting In April to reach around 600 trillion yen due to strengthening of the yen and a downtrend in Japanese interest rates. Securities
      Reuter  -  258 words
    • Article, Illustration
      Lock icon POSB gets 2.8pc rise
      351 9 TOTAL DEPOSITS of the Poet Office Savings Bank (POSB) grew by only $69.6 million last year, its lowest annual increase since 1973. The national savings bank had total outstanding deposits of $2.59 billion at the end of last year, according to the latest figures released by
      BT  -  351 words
    • Article
      Lock icon The new Chaps will come in 1983
      47 9 Reuter A COMPUTE» system ter yh, sMek wB allew'eet wffl hsgk hrttfal ijnwtliM by early IKS. < ASSMM pafteTaelwwfk will Ink setMMrt baiks and Mm Bank •< Bkglaai tkvengk (he reeeatly awaaei brMbk IWaasai Pahße Data BervsyZsT jwSkTka'sstS This network will sapa-
      Reuter  -  47 words
    • Article
      Lock icon Lambsdorff rules out devaluation
      80 9 Reuter WEST German Economic» MMrtfr Otio Lambsdorff was quoted as saying devaluation oI the mark would not solve the currency'» problems. He ittsmissul Devaluation proposals made by some economists as speculative and said the federal government will not follow them. He said the mark ought to
      Reuter  -  80 words
    • Article
      Lock icon Increased capital
      60 9 AFP JAPAN'S four ma)or city hanks Fuji, Mitsubishi. Sumitomo and Sanwa wQI increase their capital of million yen. The amount will top the 99,900 million yen for Japan's largest commercial bank, Dai-ichl Kangyo Bank. The four banks said they win allot 445.509,000 shares at par value oi 50
      AFP  -  60 words
    • Article
      Profit jump at D and C
      203 9 D and C NOMURA Merchant Bankers last year recorded a pre-tax profit about SO per cent higher than in the preceding year, its general manager Datuk Douglas K K Lee said. D and C Nomura also derived "well over" 30 per cent of its
      203 words
    • Article
      Lock icon MALAYSIAN MANDATE
      24 9 Reuter mm 4 Mm arejjaaklag WmfaT wiiT f h 'a Tj7Z? TSm mtn>m aai H per eeat above lar two years?"— Beater
      Reuter  -  24 words
    • Article
      Lock icon Enhancing Swiss monetary policy
      325 9 AFP, Reuter THE SWISS National Bank has raised its official diSoount rate (rain 3 tn IVi per cent and its mortgage rate (ram 4 to 4Vi pef cent (ram yesterday. A bank apokeeman in Zurich said the bank made the move to reduce "the gap between
      AFP,; Reuter  -  325 words
    • Article
      Lock icon BONDS AND LOANS
      544 9 Agencies THE PfflLlPPfcE central bank will dgn an agreement for a US$3OO mfflfam loan tram 30 international banks on Feb the first in its 1981 borrowing pmginmms. The bunk's senior deputy luwinui Gabriel Wm—said details of banks providing the loan will be given at the signing in
      Agencies  -  544 words
  • MONEY AND EXCHANGES
    • Article
      Singapore market
      449 9 THE FOREIGN exchange market yesterday was relatively quiet as banks squared their positions in preparation for the holidays. From an opening of 2.0810/30, against the Singapore dollar, the US unit registered negligible changes throughout the day and closed marginally lower at 2.0880/90. The US dollar opened at 203.30/50
      449 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.5 per cent.
      22 words
    • Article
      ASIAN $ RATES
      174 9 ASIAN RATES ASIAN currency deposit Interbank rates *s at close on Feb 3 7 days 1 month 2 months 3 months 6 months months 12 months USMhngSpt) MH 24 17M. 17H 177/10 172/10 17M 17% 10% ISM 15% ISM 15V, ISM SwJn. Da*. t muL f i i 1 month
      174 words
    • Article
      Discount
      46 9 RANGE of price* often m) by d count houaea i on Feb 1: OvernlfM 7Vt« Call depoa its: 6*%to7H% 3-month But* Mh( Treasury bUls 7 3-month Bank bills 14 3/16 141/16 3 months CD 12* 12H 6 months CD UVt 12 Source: National Discount Co
      46 words
    • Article
      GOLD
      184 9 SINGAPORE gold futures yesterday closed sharply lower compared with overnight levels in generally thin trading, dealers Said. Opening prices were marked down sharply between US$lB to $20 an ounce following the metal's sharp fall in New York on Monday night and thereafter the market fluctuated marginally throughout the session,
      184 words
    • Article
      LONDON
      228 9 THE dollar opened Arm yesterday as Eurodollar interest rates gained around up to Vi point train Monday's close, dealers said. The US currency opened at 2.1550/80 marks compared with a late 2.1420/30 and a New York dose of 2.1280/95. Sterling weakened in line with the general trend against the
      228 words
    • Article
      Frankfurt
      36 9 FRANKFURT exchanges closing quotes on Feb 3: US 2.140/1510 Stg 5.0QS/05 Can —1.8015/» DF1-91.84/99 S FY 110.C/67 Lit -1106/13 F Fr 43.23/36 N Kr 39.26/33 B FT (con) <.220/29 B FY (fin) -6.210/220 Yen -1.0441/65
      36 words
    • Article
      TOKYO
      151 9 The US dollar for overnight delivery closed firmer at 306.15 yen, compared with a 203 30 opening here, a 203.30/30 closing in New York, 309.00/10 on the Weat anH 303.30 here on Monday, dealers odd. Trading was active with volume of USH.I9 btiHan. The continued to advance throughout the
      151 words
    • Article
      Hongkong
      135 9 THE US dollar maintained its Arm tone in very quiet late trading yesterday, with Nwlnesi grinding to a halt ■heed of the CTiinene lunar New Tear on tomorrow. The US unit firmed to a late *****/39 marks on EuoK buying from an early 1/08 and New York's closing 2.1M/S5.
      135 words
    • Article
      NYSE stages a retreat
      924 9 ENERGY and high technology issues ted an orderly but determined stock market retreat that left New York share prices on Mondsy sharply lower in moderate trading. The business outlook for both the high technology and energy issues has dimmed and investors were taking their profits. Meanwhile,
      924 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      216 9 COPPER? GOLD? A WAY, TO PROFITS? IN FALLING i i Slump in mutate •locks pricM imdnt ruto out Mdi to cortain mining Investors are .sharing a rare consensus that the U.B. economy will remain In neutral gear until late this year when Increased defense spending will re Invigorate business and
      216 words
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      Page 9 Advertisements Column 2
      32 9 PTlgnu KI I K 'M I} M| 7TTTJI i Vi j i i KIO i ii il IjtlQ [v Tl r?Ti Q MM g!^STpS p it:!!!t.j-v'l!i:i:rl[g rb w& MM S3 ?->>, na nassafei^
      32 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1804 10 BID and offer prices officially listed and business in and reparted 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 Aetna (3.348 1368)
    1,804 words
  • Article
    Unit trusts
    166 10 SINGAPORE UNIT TRU IT OUBJMNTAGU (priM far FM (Mm|in' prima tar Fa* 0) The Commerce 3.6C IS Union Spore Fund 1.41 154 The Savings Fund 114 IS D UNIT S'pore Prog Fund 1.5# l.M INCOME MINI (teral prl S pore Sec. Fund 2.36 147 leas) 1.41 S'pore Invest
    166 words
  • Article
    SHARE INFORMATION SERVICE
    2747 10 1980/1981 High Low Company Last Sale orGr» Div Div CVr Gr*a Y'ld Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 300 155 227 420 152 352 M5 406 610 245 220 116 138 203* 60 275 246* 187 285 Acma Alcom >. Allied
    2,747 words
  • Article
    In Kuala Lumpur
    1852 10 BID and offer price* 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. DKDUnVUIA AJiiMlll (1MB) AIM (3.OCS) (4) Ui A Gkac (J) 1.5» AMD
    1,852 words
  • LATEST RESULT
    • Article
      SHANGRI-LA Hotel
      37 10 has re- ported a 23 per cent growth in pre-tax profit to $25.25 million from $20.47 million for the year to end-Decem-ber 1960. Net profit after tax amounted to $14.85 million, up 28.5 per cent.
      37 words
  • Article
    COMPANY MEETINGS
    55 10 THE New Stnlli Ham Frew (Malaysia) Berfcad: AGM to be held in the Theatrette of the Company, Balai Berita, 31 Jalan Riong, Kuala Lumpur on Feb 14 at 11 am. MAGNUM Cfyfrt— Berhad: EOGM to be held at Magnum House, 111 (1st Floor), Jalan Pudu, Kuala Lumpur on
    55 words
  • Article, Illustration
    Buyers not deterred by profit-taking
    610 10 PROFIT-TAKING sa ee■taai Ihe Mruee sf tet phot» at the Hhgspor» stack mtfkft y Far «We mm e( Ike ■Ml week's Mghfßars Hke Mahyu UaltedladastrkM, Keek Beag, Per* Pfcmta. tttai aad Pwuwut Car* ■mttM teek a timely Weather, bimihi previ•■■ly neglected stacks ferged ahead to
    610 words
  • Article
    Feverish buying in KL market
    593 10 SHARE prices were given a tremendous boost yesterday as buyers —wmi the Kuala Lumpur stock market in a rdtnd of feverish buytag The bullish sentiment which prevailed (or the greater part o( the 'day propelled both values and volumes sharply higher and catapulted die New
    593 words
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  • COMPANY NEWS
    • Article
      SMTI trying to buy property company
      352 11  -  By KOH TSE YING TRUE to market speculation, Kuala Lumpur-listed Syarikat Malaysia Textile Industries (SMTI) is casting a serious eye on the property field. The company has informed that it is currently negotiating for the purchase of a property company. If this deal materialises,
      352 words
    • Article
      Bandar Raya gets nod for IHD purchase
      264 11 BANDAR Raya Developments Bhd has obtained the approval of the Malaysian Capital Issues Committee to acquire Hongkong-listed property developer, Intercontinental Housing Development (IHD). Its merchant banker, Chartered Merchant Bankers Malaysia Bhd said the acquisition of IHD's shares will be based on terms announced
      264 words
    • Article, Illustration
      NST confident of favourable year
      672 11  -  By THE CITY STAFF THE New Straits Times Press group remains confident that results in the current year should continue to be favourable, despite expected rises in costs. Apart from the likely increases in the charges for transport, freight and other petroleum-based raw materials, labour
      672 words
    • Article
      Keppel selected for its good upside potential
      598 11  -  By RUTH CHENG KEPPEL Shipyard and Sealion have been recommended as good buys by stockbrokers Lyall and Evatt. The nap selection is still Keppel, whose earnings prospects are as bright as those of its rival Sembawang, but which is standing on a lower
      598 words
    • Article
      DIVIDENDS ANNOUNCED
      161 11 Car ft Ex ■Mb Date Tata* far TKMfar PayMat Date dm PayaMe fee year Preview year AyarMatok 30%(f) Jan 30 Feb 15 Feb 36 30%(O 25%<g) C l||MI 30%<e) Jan 16 Jan 28 Feb 18 30% 15% ay* <5% Feb 20 Mar 4 Apr 29 100% 50%(a) 15%
      161 words
    • Article
      SCRIP ISSUES
      316 11 CNBpMJT PartfMkn Rx Data Basks AIM Proposed rights issue all for 4 Atom 12.80 per share Proposed rights issue NYA NYA o(2 for 1 API a 11.70 per share Proposed rights issue NYA NYA of 1 for 1 C AC H.00 per share NYA NYA Proposed bonus issue
      316 words
    • Article
      Malaysian cement producers seek price increase
      237 11 THE premre rf high e«But nHNhetecntiMkMhereaee ti the eelltog prtee el tMrpitek latheattetel aa extottag »SZSftgi «Ith flMMnhlhi Mdi «I ■■Mmr are heglaatog te leel the piaeh. Iwdetil Pu Matoyrtee Ceaeat, tor toetaaee, claim the* riiee the 19» toereMe hi fM prteee, total predaetlee
      237 words
    • Article
      RESULTS DUE
      421 11 Cwnpuy Period Date iMtyear La Net EPS «t Fall Year Gross Pre-tax Dlv. Profit <%) (mi) Pabang Com Rotbmans Ayer Molek SP Textile M U I SBS Lingui Dev Kuala SkUm Kempaa Benta MBS Prima Talping Coot Com Plant Tractors PM Holdings U AC Dunlop Estates Robinsons UIS
      421 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      173 11 k **3 ZV K H v. 1 rJK «B5 X»' Sufrv+the in Suvni-w Tinie\ rnn\ ami grt 41 mur» )rrr Subscribe to Business Times directly and save $25 (It's like getting 41 issues free) Here's a great opportunity for you to join the increasing number of Business Times readers who
      173 words
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  • Article
    Compensation for owners of HUDC flats
    353 12  -  By AGNES WEE THE Housing and Urban Development Corporation (HUDC) will make an "exgratia" payment of between 1300 and $500 to each flat owner who had complained to the company of "cracks" in the ceilings of their flats. After receiving a number of petitions
    353 words
  • Article
    Australia may set up tourism office
    196 12 AUSTRALIA may set up a tourism office in Singapore in a bid to sell Australia as a tourist attraction. Sir Phillip Lynch, the Australian Minister for Industry and Commerce, said yesterday that the tourist industry in Australia is booming right now. More than $3
    196 words
  • Article
    Teh heads Welcome
    104 12 THE MINISTER for National Development, Mr Tefa Cheang Wan, has been appointed chairman of Welcome, the consumer cooperative of the National Trades Union Congress. Mr Teh takes over the leadership of the board of trustees from Mr Lim Kim San, the former Minister for the Environment who
    104 words
  • Article
    Lock icon Workers go on strike at Thai oil refinery
    218 12 AFP TWO hundred workers of a major oil refinery In Thailand stopped work yesterday in the first strike since the 11-month-old Prem Tinsulanonda government lifted a four-year-old ban on labour strikes last month. The strikers are demanding that Summit Oil, which operates
    AFP  -  218 words
  • Article
    Lock icon COMPANY FINDS GOLD MINE IN PROCESSED URINE
    138 12 AFP A MANILA-bssed subsidiary of a Japanese pharmaceutical company has found a "gold mine" in public lavatories in Manila where urine is collected and processed as a raw material export to Japan. The urine-based raw material export is processed as an enzyme called
    AFP  -  138 words
  • Article
    Lock icon PNB sets target for next decade
    508 12 PLAN TO ACQUIRE $13b SHARES AFP THE PERMODALAN Nasional Berhad (PNB) needs to acquire Msl3 billion to H4 billion worth of shares in the next 10 years to secure tor bumiputras 30 per cent of Malaysia's corporate sector ownership. PNB chairman Tun Ismail All
    AFP  -  508 words
  • Article
    Lock icon Monetary expert favours gradual rise of yen
    528 12 Reuter THE former Japanese director of the International Monetary Fund, Mr Hideo Suzuki, said it would be desirable for Japan and the world economy if the yen appreciated gradually this year to ISO yen to the dollar. However, any erratic I strengthening of
    Reuter  -  528 words
  • Article
    LONDON STOCKS
    783 12 LONDON, Tues. After a hesitant start, prompted by the easier trend on Wall Street, equities rallied and finished on a firm note today, dealers said. At 3pm, the Financial Times index was up €.9 points at 474.5. Electricals were particularly strong after reports that the UK government may
    783 words
  • Article
    Lock icon Reagan's pledge on inflation lifts dollar
    189 12 Reuter AS THE price of gold dropped yesterday with a speed that surprised the experts, the US dollar soared as investors backed President Reagan's economic policies with their money. The markets are impressed by statements from the Reagan administration indicating that it will take
    Reuter  -  189 words
  • Article
    Lock icon Dow Jones slightly lower
    123 12 AP NEW YORK, Tues. The stock market was slightly lower this morning. The Dow Jones average of 30 industrial stocks fell 0.77 points to 931.48 in the first half hour. Losers outnumbered gainers 4 to 3 among NYSE-listed issues. Two big New York banks today matched
    AP  -  123 words
  • Article
    Lock icon US Budget Office lists savings areas
    378 12 Reuter THE United States Congressional Budget Office has listed 105 areas where the government could save billions of dollars to help meet President Reagan's goal of reducing federal spending. No total was given for the savings in the various areas, which ranged from defence
    Reuter  -  378 words
  • Article
    Lock icon No change in chances of China-Jakarta ties
    274 12 AFP THE prospects of establishing normal relations between Indonesia and have not changed though Beijing has restricted its support for outlawed communist movements in South-east Asia to ideological and moral links, official sources in Jakarta said. The sources were commenting on the remark
    AFP  -  274 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      73 12 W£W\ MEZ Electric Motors or 7 ~z/ (Czechoslavakia) Mez electric motors well-established in Europe Middle East, Thailand and Indonesia are now available in Sfngapore among best quality products made in Europe most competitive prices over 3,000 units (0-5 Hp to 100 Hp available ex-stock) full spare parts and service support
      73 words
    • Advertisement
      Page 12 Advertisements Column 2
      177 12 NOTICE r MALAYSIATEXTTLE INDUSTRIES BERHAD (Incorporated in Malaysia) INTERIM RESULTS FOR THE HALF YEAR Ended 31st December, 1980 Your Directors are pleased to announce the unaudited results of the Company for the half year period from Ist July, 1980 to 31st December, 1980: Half Year Ended Half Year Ended 31st
      177 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      74 12 Outlook tot Singapore from 6 a.m. to 1 p.m. today: Fair A cloudy in the morning with thundery showers in several areas around midday onwards. Report for 24 hears pries to 131 pjn. m Feb j at the airpert. Maximum temperature 28>9 Associated humidity 80 Minimum temperature... 22.4 Associated humidity
      74 words
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  • SHIPPING TIMES
    • Article
      Norway plans to relax certain shipping rules
      288 13 THE Norwegian government has presented a white paper on Norwegian shipping proposing certain relaxation of rules regarding operation of ships under open registry albeit modest changes. It has also proposed that Norwegian shipping companies shall to some extent be given access to participate
      288 words
    • Article
      Liner conferences urged to consider other systems
      622 13  -  By G DURAIRAJ LINER conferences have been urged to consider alternative systems to the present principle of conference pricing since the method of setting freight charges has become less efficient. The proposal, which was contained in a special report by the shipping, ports
      622 words
    • PORTSIDES
      • Article
        Collision in port
        97 13 A 971-grt bunkering vessel, the Oriental, collided with an Indian-registered cargo vessel anchored at the Western Anchorage early yesterday morning. The Port of Singapore Authority said the Oriental, which was on charter to Mobil, was manoeuvring in the anchorage when the collision occurred. Damage to one of
        97 words
      • Article
        Lock icon China's new appeal
        138 13 AFP CHINA has made a new appeal to the Netherlands not to sell two submarines to Taiwan at a time the Dutch Parliament is about to vote on the issue. The New China News Agency said Holland should "show its wisdom and political courage to revoke its
        AFP  -  138 words
      • Article
        Lock icon Raising BAF
        38 13 Reuter THE Australia/West India Outward and Australia/Sri Lanka Outward Shipping Conferences said they will raise the Bunker Adjustment Factor (BAF) applicable on these trades to 21.72 per cent from 19.53 per cent, from Feb 10. Reuter
        Reuter  -  38 words
    • Article
      INDEX TO ADVERTISERS
      646 13 Skipping UH PMe CM SMpptoSUM PW Cat Acfclpdtfo vn 3 Everett Orient IV 4 Adriatic IV s Evergreen IV 3 Afea VI 3 Feaco vn 4/5 5 Afro-Eurasia VI S Flotta Lauro V All trana VI 9 Fortune VI 5 Alpac VI S Franco-Belg m 4/5 Angkutan
      646 words
    • Article
      Container Schedules
      884 14 OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Name Voy No. Estimated Time of Arrival Shipping Lines Gdn Mode of Operatn Date Time Strlder Diamond S. Seas Bridge P. Roosevelt Bunga Surla Ever Large Hanseatlc Asian Princess Planeta Ercole Lauro P. Polk Zlm Ellat Bunga
      884 words
    • Article
      LONDON FREIGHTS
      1433 14 ORE charterers featured an otherwise rather dull freight market on Monday by arranging tonnage for six cargoes, each of 90,000 long tons from Tubarao to Gi)on spread over 1981 at US$lO.3O Ho. The North American grain sector was very subdued with (25.50 fio being paid from the US
      1,433 words
    • Article
      SHIPS IN PORT
      333 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Blue Kochi (ro/ro) (0300 starboard a/side) 38/39 Builder (0700) 22 Hassho Maru (Tanker) (1000 P/O, subject gas free) 15/16 Hyup Chin No 15 (Tanker) (1800 after Toyo Maru No 30,P/O, subject gas free) 13/14 Monteste (ro/ro) (2300) 44 Nedlloyd Holland (1000) 5
      333 words
    • Article
      Lock icon Euroasia ventures into rig building with Marathon
      198 15 AFP HONGKONG'S Euroasia Shipyard, a member of shipping magnate CY Tung's group, is to build one of the world's most sophisticated offshore oil rigs. Euroasia has secured a franchise to build a Marathon Letourneau-designed mobile self-elevating drilling rigs at a cost of about
      AFP  -  198 words
    • Article
      Korean trades
      74 15 KOREAN involvement within the liner trades is to be considerably boosted as a result of a government decision to provide supportive operational load financing. The Korea Maritime and Port Administration has allocated an initial Won 1,000 million for the next twelve months. Terms of the so-called 'shipping promotion
      74 words
    • Article, Illustration
      PLA's wine terminal
      310 15 IT wh a particularly buy perM for the Part of London Authority's talk wine terminal, West India Doek when three balk wine vessels discharged a total of IJ6 million gallons of Spanish sherry and Yugoslavian Riesling In six days. On Jan 17, NTV shipping company wine tanker
      310 words
    • Article
      Lock icon Iran wants its boats back
      100 15 UPI IRAN has demanded that France hand over three missile patrol boats that have been blocked in Cherbourg's port for one year because of an embargo imposed on Tehran for holding the American hostages. Iranian Charge d'Affaires Ali Banifatemi called a news conference to call
      UPI  -  100 words
    • Article
      Lock icon Supertankers heading for scrap heap
      792 15 AP THE world's supertankers, like prehistoric dinosaurs who became extinct when they grew too big, are heading for the scrap heap because they are no longer economical. The tanker business generally has been in trouble since the 1973 oil crisis, but supertankers have been hardest
      AP  -  792 words
    • Article
      Lock icon DEATH TOLL STILL UNCLEAR
      473 15 UPI THE TOLL of dead and missing in Indonesia's worst sea disaster remained unclear, nearly a week after the inter-island passenger liner Tampomas 2 sank in the Java sea with 1,184 people aboard. Casualty figures given out by officials were conflicting and even the numbers given
      UPI  -  473 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1241 19 gCHEDOLE 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 uj- Singapore. Advance dates are i published at a maximum of three weeks. "Skip
      1,241 words
    • Article
      SHIPPING EVENTS
      282 20 MEDIUM speed dieael tmglaea total energy calculations and life cycle costing Feb 10, 1730 hr, Institute of Marine Engineers, 76 Mark Lane, London EC3. KM *81, attskare laspeetlaa, repair aid malntenurr exklMttaa aad confereaee, Royal Highland Exhibition Feb 10 12, Ingliston, Edinburgh. Marlae aad part teekaaiagiea a leek
      282 words
    • Article
      Lock icon Quiet spell continues in most sectors
      783 20 AFP SLIGHTLY easier rates developed on the freight market last week as the recent quiet spell continued in most trades. But ore movements were an active exception with large "combination carriers" (capable of carrying oil or dry cargo) finding employment from Italian and Japanese
      AFP  -  783 words
    • Article
      Turkey to reorganise its fleet
      514 20 TURKISH authorities have launched a drive to revitalise the country's "disorganised" shipping fleet and ports. As a first step they aim to buy five tankers to cut down reliance on chartering in the spot market a drain on valuable foreign currency. The military regime, which
      514 words
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      Page 13 Advertisements Column 1
      691 13 Everett Lines FOB THE MOST FREQUENT SAILINGS TO BANGKOK HONG KONG JAPAN BUSAN CHITTAGONG CALCUTTA CHALNA RANGOON Buenos a«es MANZANILLO AC APULCO Everett Steamship Corpn. S/A Clitlofd Centre Singapore 1 Tel *****'9 36 Bexh Street. Penang Rm 36 103 OCBC Btdg let *****/3 Port Keiang Agents SOCSHtP CO BHD Trt
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      31 13 CONTAINER Behedales LONDON Freights SHIPS la Part SHOPPING List REGIONAL Weather SHIPPING Eveats ]§B]H UB «r2 H>l F*27 Mm 7 "■U Mv IS H«Z3 ten V 1 Mm n ¥> %ti 1
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      408 13 MILLION MILES MARINE <tx (PTE) LTD. (Soles Services) AGENTS DtSTRBUTORS STOCKISTS. Deck, Engine, Provisions Dry Frozen, Bond Golley Suppliers. Add 463, Mocpherson Rd S pore 1336 TEL *****21 OObnes) Office on the wire *****11 (24 HRS) MAERSK LINE §L GONG > 7 i% CAI BORNEO SHIPPING TEI SINGAPORE *****11 :FS
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      873 14 MALAYSIAN INTERNATIONAL SHIPPINQ CORRN. BERN AD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Sailed SaM SaM SaM Sated SaM SaM SaM 9/2 11/2 18/2 11/2 Sated 6/2 Sated 10/2 SU 18/2 5/2 27/2 12/2 3/3
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      Page 14 Advertisements Column 2
      224 14 B§B SUPERCARRIER SERVICE TO: PANAMA US ATLANTIC E. CANADA US GULF 12/1 12/1 14/3 2VI 74/1 TO: VENEZUELA CARRIBEAN «mmi p. uai murm. t*«ti ■MB MM *IV2 14-17/2 IDHBD 15-24/2 21-23/2 24-2V2 HMD FHBHB *27/2 21/) BMMBKMLMM 21-22/3 ZJ-25/3 24-14/1 MMB NBMOU 19-21/4 21 21/4 24-2V4 FROM: US GULF US
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      328 15 Overseas B B B H Containers Limited Weekly service to/from UK/Europe contawrshp source to uk/cowkut: immi tm nu au aw mm mm 21m> l)mm urns SMGAPORE MANSFILD CONTAMER SMPPMG PTE LTD 43(0(1 K. LUMPUR: CONTAMER MEMOES *****4, PJCELANG 3M006/I > PENANG MJSTEAD SWUNG MEMOES SON BHD 3(2311/3 Australia Straits Line
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      415 15 ■f Franco Belgian Services i h 'Fu Ft> )tr i) > itli) t■' F ■<■•> r* /.ir» c.m.c.r iv.if.' r-j taH: IT 7 "A n FHU CONTAREJtSHP BHP FROM HgTEMLAimi Sport P BKmi Mm*r Cwu Tnate <FM 7 Fat MNk XFM 77Ft* SMv 11 FA 21 Fit 4Ma IMb 7Mr
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      531 16 TO NORTH EUROPE E»* Mara 12/2 13/2 B«utt« 18/2 Hwfkwf Eipress 25/2 27/2 Hanftvg Eipress J/3 Tttat [ipitss U/3 jomaaum Hakata Mara 31 I 2/2 IMtmmi 11/2 13/2 E/coit two 18 2 20/2 TO WORTH EUROPE/MEDITEMJUg* Sport PH Pen Bilbao Genoa H burg B haren Rdam Antwerp 9/2 6/3 22/3
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      712 16 KOREA SHrrm CORPN P. KeUnf PENANG STORE VEGA 157 W. 2-5 March 27/2-1/3 2-5 March FROM BUSi BANGKOK VEGA 15tt 2-5 March 27/2-1/3 2-5 March TO BUSAN ALTAIR 161W 5-8 March 9-12 March 13-16 March FROM BUS/ BANGKOK AITAR 162E 5-8 March 9-12 March 13-16 March TO BUSAN HSC KSC
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      583 16 EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE STMRP G LE A HAVR£ 0R Hmm fELIXSTO ROTTERDAM ALSO ACCEPTING CARGO FOR UNITED KWGOOM MANCHESTER BIRMINGHAM BRISTOL. LIVERPOOL. GLASGOW LEEDS WEST GERMANY ftftfMEHMAVEN HOLLAND AMSTERDAM (««i«t« S rs nmwtr tsr MT \Z l "j'E »/03 2MJ 23,S 24 03 Ml 24/03
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      Page 16 Advertisements Column 4
      848 16 I Everett Lines r m in ij ihi in i Burma Fivt Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON ffIMUITTM FHASHNtGVANTIM HTOKTW) > S C Agents m Malaysia BOUSTEAD SHIPPING TEL NOS KL *****2/*****9 Compania Arpantina Da Navaaadoa IntarcontiMHtal S. A. C.I.F. 1 "ARGENTINE NATIONAL LINE" LOAUNG FOR
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      Page 16 Advertisements Column 5
      369 16 f T2LO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE AUSTRALIA SERVICE Sm( apart 21/22 Feb P Keijnj 23/24 Fab SYD MEL. ADEL JAPAN/STRAITS SERVICE MLEK WESTERN RWER HLMOSO GLORIA ACE MAY CARP OAStS DUKE SUBLO4E PAZ ESTRELLA 0 RESOURCES HOKOMARU GEKRU MINTS CONTAKK BOOKMC SUB MINTS P KELANG OCEAN SWPME
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      300 17 W PIL GROUP a EAST AFRICA/REDSEA SERVICE WISHING ALL OUR 1 FRIENDS PATRONS GOOD HEALTH t i: t 9 I A AHD i GOHG XI FA CAI i x 6 FROM MANAGEMENT ft STAFF OF:PACIFIC INTERNATIONAL LINES PTE. LTD. MALAYSIA SHIPPING CORPN SDN. BHD t PAKISTAN NATIONAL SHIPPING CORPN. KARACHI
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      Page 17 Advertisements Column 2
      251 17 BLUE STAR LIN SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH AND PORT CHALMERS FOR AUCKLAND* WELLINGTON, CHRISTCHURCH A FIJI SHIP AUSTRALIA STAR NEW ZEALAND STAR NEW PLYMOUTH PT CHALMERS SPORE AGENTS MEBLION SHIPPING AGENCY PTC LTD. 1102 A MARINA HOUSE. 70 SHE
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      Page 17 Advertisements Column 3
      675 17 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE H'BUK rWVCN ROAM HAVtt SOTON Pn Hm B lum R'dam Havre UK M9m 4/2 Eft* Man 8/3 18/3 U/J 1 J/3 VJ Baataßa 7/2 a* Mm 8/J 18/J 11/J IVJ 8/3 tkrykc* 2V2 Haafert Eiprtu 28/J 21/3 29/3 11/3 24/3 WIMUt H-BUW
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      59 17 NedNoydEAC agencies pte. Ltd. as agents: NedHoyd Lines 9ScanDutch TRIKORA LLOYD cDfeha'ng you a happy (J r *<• TJGCJO WBCttZ «V "^3 FVOTNNMMteI FMTUMTOS te I 177 *rrr (FROTA OCEANICA BRASILIERA S/A) EXPRESS SERVICE TO BRAZIL ARGENTINA !Rr r-« WnO-fKMCN' 2fF* i MDKT Pit I ID, T* 22V1244 um CO
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      Page 17 Advertisements Column 5
      557 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNWN SOUTH AFRICA SHIRRA bank SINGAPORE 30/3 eta Reunion 11/4 Durban 16/4 Capetown 23/4 Pt Eliz 21/4 (also accepting East London and Maputo cargo) Lukesyfe Lines U.S. WEST COAST SERVICE Deed trorn SFO Lbck ASHLEY LYKES SM Sid BUTTON LYKES 3/2 LESLE LYKES 22/2
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      812 18 K LINE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA Ejriar feeder msata also itiiMt an request C*[on ltu acceptaMe tar Oakland. Vancouver Portland. Huston. Gatmton. New Ortca Bolen St Mw. PMadepha. Maria*. BaNamre. Saeaanah. Ixtumflt TO EUROPE Spore P Mang 1 Havre Rdam H buig Bremen A
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      Page 18 Advertisements Column 2
      496 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE U**( tar: lOS ANGELES SAN FRANCISCO. SEATTLE. TACOMA tMCOUffil B C Accaptni FCI/FCI CortaMon ',1? '.T" AUSTRALIA EXPRESS CONTAINER SERVICE Accept* FCI/FCI Caniamn PKetant Spore Bri Mttt Mel Syd from KAMMS" IB Fit 19 Fob Alter 10 M* 17 lU> K ARUMS" ?4Ma>
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      Page 18 Advertisements Column 3
      457 18 r 1 y o/\(^l'(hii) SINGAPORE SHIPPING AGENCIES PTE LTD 20TH F LOOR OCE AN BUILDING SINGAPORE 0101 MARKETING *****2 (3 LINE SI GENERAL *****1 114 LINES! TERMINAL OFFICE *****83 TELEX RS ***** RS 2SS6B A B CARSHIP CABLE CARGOSHIP rmrwii Itejlional GDI Container Lilies WEEKLY CONTAINER SERVICE to/from BANGKOK WOT
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      583 18 KORINS MARITIME SERVICES Room 601. ICB Building. Shenton Way. Singapore Tel *****22 *****67 PTE I TO MIDDLE EAST/RED SEA/EUROPE SERVICES IMONGFOI: CMu/CMtUcai lwp>| c*p tar I tit VaT\ sai>l ick Lii\ts A mcm Dei ol SamkK Group ot Company lines service f«om kcwea Taiwan hong kong to Singapore HANKOOK V.74....-
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      659 18 INTR ASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****11 JTO regular obepemot sonnet to europe S'pert P. Ketone fmmt InMhr NORASIA N6103 21 Feb 3 lb** BOULOGNE/rtW UK (AVON) SMapare MTRASEA (TIE) LTD 2352(11 80MK *****57 K.Lmw- YEO SMPTM ft TRADMG 400(44, *****2. 41K71 Hun- ICTEK
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      705 19 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE a TO EUROPE/UK (VIA SUEZ): 0. CHEF 23W.. N. JADE 11+ m CONTAMER 24W C. CONTMNER 10W Si. BRDGE 30W N GARNET 4W K. CHANCE m v Containers Feedered to/from F'stowe Also accepting cargo to/from Scandinavia +N. JAOf S'pore Closing Times: FCL Cargo LCL Cargo
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      Page 19 Advertisements Column 2
      284 19 MALDIVE LINES MAUME NEKMOOR Loading For Dubai/Bahrain/ ETA ETA ETA SPORE KUANTAN TOUT KDJMG 15/2 MALDIVE PEACE Loading for Dubai/Damman Kuwait Loading lor Kuwait MALDIVE PWtDt 17/2 Loading For Jeddah MALDIVE BTQRTO 15/2 Loading For Male MALDIVE PROGRESS 15/2 Loading For Khorftafcan/Dubai/ Abu Dhab/Damman MALDIVE CREST 6/2 Loading For Madras/Rangoon
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      Page 19 Advertisements Column 3
      377 19 *****3 SINGAPORE SOVTT SMPPMG CO PRIVATE LTD SMSOV BULDM6 55. Market Street Sinf apore 0104 Teleplioni (10 Unas) CrMr Address SMSOV SMGAPORE Telex Numbers RS ***** RS ***** RS ***** P. BUM PENANE IST MDa F »-a*- MB9B MM THONC SNPPNG 23 WeM Qoay Penani 59 L^ l CammC PWT
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      Page 19 Advertisements Column 4
      44 19 NOTICE ta|MUNB M.V. DONC YUN VOY. la General Survey oa damaged cargo diactaarged ex the above vessel will be held oa Monday 9th February 1* as frwn 100 am to 12.M noon. No further survey wtll be held after this date. AsMli WOKLD-WTDC P
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      193 20 A ANTOLL LINES *MM Dirert Bls to Adelaide Melbourne Sudnev Brisbane Independent FCL Container Conventional Liner Service INTERNATIONA EGYPTIAN FLAG NOTAS LINE Regular Express Service w SPORE PM.ANG Aba Dhabi Dab*. Bahrain. Abo Dhabi. Dubai. Bahrain. ♦if V Hf MAHMQQC' 4MHAP" 4 Sl*l KHt Tf P HAPAIXJ in*', DN BHt
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      Page 20 Advertisements Column 2
      320 20 OPRACHT (MALAYSIA) Praeht SDN. BHD. I REGULAR INDEPENDENT CONSOLIDATION TO I THE I FOLLOWING PORTS:VESSCLS ETA PONT KELANG LOADING FOR 4/2,21/2,2/3,21/3 Colombo. Bonr»boy. Koroch. 3)/), 6/2, 9/2, 15/2 Hong Kong, Toiwon, Mania 18/2, 22/2 Jokorto, Tokyo. Yokohorwo, Ko6« 31/1, 4/2, "7/2, 13/2, 17/2, 19/2, 27/2 LK, Europe FOR BOOKINGS ENQUIRIES
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      Page 20 Advertisements Column 3
      192 20 PERK AP ALAN LAUTAN MRU SDN. BHD. P O Box 220. KcMj Kriabalu Sabah KGUAI usf* suvta Sabah Sarawak Bangkok Sngaporr Port Krtang Agents: M'tic Port KeUng: SEALION SHIPPING (M) SON BHD Tel *****4. *****4 *****1 Tlx MA***** Penal*. SEIAMA SHTPTC TRANSPORT SON BHD Tel ***** V *****2 Tlx MA4O3SI
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      Page 20 Advertisements Column 4
      416 20 then Shipping Timet is the rigltf advertising If you're o freight forwarder or m onyway connected with the shipping ond cargo business. Shipping Times has just the space for you. You'l be reochmg a very select group of people. People who need your services. People who need to know about
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      207 20 OCEAN LINES cc MERIDIAN EASTERN LINES iai'-ii,! wr.CT T ASEAN OCEAN LINES (BREMEN! VBEPEMKNT/NON CONFERENCE/lEGULM MONTHLY TMBER SERVICE MDOfCSIA/STORE/MALATSM MDXTERRMCM/ll CONTVOffN. T. Aye» Tabofwo S'prt S pore loadM|lar. CMMSTOSI V.IM SaM ASEAN I iJm...... 13 Ft* 17 Fab 22 Fab 21 Fab UrnmJ RCMLtarh EJL P.T. BHINNEKA LINES bulk servke
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  • Page 20 Miscellaneous
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      160 20 r A Regional Weather C c; N* ft r.A 1 If 35 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 r/ Wind direction with speed in knots *1 i^ tll Wave height Cloudy
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