The Business Times, 4 March 1981

Total Pages: 22
1 22 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 WEDNESDAY, MARCH 4,1181 60 CENT
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  • BRIEFLY...
    • 78 1 Reuter KUALA LUMPUR, Tues. Malaysia's half-mil-lion strong trade union movement will boycott bottled soft drinks from next week in protest against recent price increases, its acting secretary-general said today. The Malaysian Trades Union Congress (MTUC) is to instruct members of its 112 affiliates not to buy
      Reuter  -  78 words
    • 72 1 Reuter TAIPEI, Tues. Five American companies have threatened to withdraw their investment from Taiwan if the Chinese Petroleum Corporation (CPC) refuses their request to lower its prices for basic petrochemical materials, sources said today. The companies are Union Carbide Corporation, Amoco Chemicals Corporation, Gulf Oil Company, National
      Reuter  -  72 words
    • 78 1 Reuter BEIJING, Tues. China's thirst for beer has more than quintupled since the death of Chairman Mao Zedong five years ago. An official newspaper reported today that the country is facing a severe shortage with factories brewing less than half the amount needed. Calling for an all-out effort
      Reuter  -  78 words
    • 79 1 KUALA LUMPUR, Tues. Malaysia and Singapore began talks in Bangkok today over the question of control of the airspace over South Johore which is now in the hands of the Republic. The meeting, which is understood to be exploratory and technical in nature, is being held under
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    • 85 1 Reuter HONGKONG, Tues. The four Hongkong stock markets will largely revert to normak hours of trading from March 9, market sources said. The markets are currently working only half days because late last year extremely active trading led to backlogs in paperwork. From March 9, the markets
      Reuter  -  85 words
    • 69 1 Reuter BAHRAIN, Tues. Most members of a top-level Islamic peace mission, which returned to Saudi Arabia last night after visiting Iraq and Iran, will go back to Teheran tomorrow to continue their Gulf war mediation efforts, the official Saudi press agency reported today. But one mission member,
      Reuter  -  69 words
  • Chief Price Changes
    • 115 1 Rises Indices Paramount Goodwood Park 790 2050 55 50 B.T. Indicator: Mar 2 Mar 3 *****.*****32.93 King* 1590 40 Industrials: 799.57 791.80 3 P Textile 197 26 Finance: 1542.60 1520.47 Bolton 370 24 Hotels: 1313.02 1296.47 Falls Properties: 746.85 738.52 Minings: 423.47 422.96 Shangri-La Pegi Msia Sea View 1100
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    • Article, Illustration
      137 1 Rises Indices Paramount 855 45 B.T.Index: 1 Mar 2 Mar 3 Premium 235 29 *****.33 *****1.43 SP Text 228 26 Industrials: 1004.19 997.19 Finance: 1514.77 1495.62 Fa s Hotels: 540.53 533.49 Sea Lumber 450 -70 Properties: 967.40 944.42 Tins: 510.82 506.16 F Merlin 300 -64 Srubbers: 1314.91 1315.55
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  • 674 1  -  AGREEMENT WITH CONSORTIUM By SIOW LI SEN A CONSORTIUM of German entrepreneurs has won the option of taking over the shares of Rollei Singapore from its major shareholder, Norddeutsche Landesbank (Nord/LB), from 1962. This option is tied to an agreement in West Germany under which
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  • 264 1 STRAITS Trading will hive off its tin smelting business to a newly-formed company called Malaysia Smelting Corporation (MSC). It is believed that Traders (short for Straits Trading) has set up a new company with an issued share capital of $60 million, strictly to manage its
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  • 536 1  -  By LILLIAN CHEW SINGAPORE outperformed Hongkong for the first time in five years with a 10.2 per cent growth rate for 1900. This is 0.2 per cent higher than that of Hongkong. The Republic is expected to continue its economic expansion mainly because of investments
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  • 383 1 PROPERTY prices are going up so quickly in Singapore that even property agents have been caught off guard by the latest sale of a prime shop space at almost $70,000 per square metre. One agent says this "tortuous" price is twice as high as any openly
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  • 232 1 THE liz-miith-dd Singapore National Oil Company will be looking Into energy-related projects such as oil or gas production under Its first five-year plan. IVm projects are in addition to the national oil company's objective of ensuring security of Singapore's all supply. Tbe 1M per
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  • 502 1  -  By THE CITY STAFF HOTEL group Faber Merlin Malaysia is making a cash call for $46.8 million to provide much needed finance for several projects and to reduce its burdensome borrowing. Faber has proposed a one-for-three rights issue at $1.60 per share. However, the
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  • Page 1 Advertisements
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    • 76 1 See back page eel 1 SHIPPING HMES AUTOMOBILE AmctottM gees Into ear ratals 5 MITSUBISHI Electric ready far Q ptUfl 5 ENSURING steady sapplles of ell. C THAI banks seek approval far broaches BANDAR Raya expects higher pre-tax praflt..... IS TWO-DIGIT growth af Repabllc may aat eaattaae 14 CROSBWORD TV
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    • 286 1 r BALLY °f Switzerland 71 c Internationally recognised as trend-setters. W JL See page 6 Is Oil blowing ICAP apart? ABQ 4th Quarter 1980 CAP does not appear to be working out very well When Australia introduced ICAP some two years ago. it sought to create a lower air fares
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  • REGIONAL
    • 436 2 Reuter REFINERY workers yesterday turned off a pipeline supplying fuel to Sydney International Airport as a strike against the Australian airline Qantas escalated. Qantas ground staff voted yesterday to continue a crippling 18-day stoppage which has cost the airline at least Aslo million. Soon after
      Reuter  -  436 words
    • 239 2 Reuter PRESIDENT Chun Doo Hwan, a 50-year-old former 4imy general, was yesterday sworn in as head of state of South Korea for a further seven-year term. He promised that unlike his predecessor, assassinated president Park Chung Hee who clung to power for 18 years, he
      Reuter; UPI photo.  -  239 words
    • 216 2 Reuter THREE members of Thailand's coalition government yesterday handed in their resignations to Prime Minister Prem Tinsulanonda, paving the way for a cabinet reshuffle. The three ministers, whose resignations will come into effect tomorrow, are Justice Minister Chuan Leekphai, deputy Interior Minister Banyat Bantathan and
      Reuter  -  216 words
    • 82 2 Reuter CHINA has shelved three big chemical plant projects and requested cancellation of another, the two West German companies involved said. Lurgi, an industrial plant building company, said work on three of its projects, worth 900 million marks (US$42O million), would stop but two others worth
      Reuter  -  82 words
    • 312 2 NYT THE INTERNATIONAL Monetary Fund (IMF) hag approved a US$55O million loan to China, marking that country's largest borrowing from any financial institution. The IMF, which makes funds available to countries in balance-of-payments difficulties, said it had approved a standby borrowing arrangement under which
      NYT  -  312 words
    • 281 2 AP MINK coats mingled with Mao jackets and heady mao tai was served along with French Mumm champagne at the weekend opening in Geneva of what is billed as "China's first shop window in the West". Stylishly decorated sales rooms on an exclusive
      AP  -  281 words
    • 777 2 ARRIVALS Service Local Operator Number Time From PAA PA006 0030 JFKSFOHKG MAS MH801 0630 KUL SIA SQ580 0710 MAA SLA SQ101 0815 KUL MAS MHG06 0830 KUL MAS MH621 0635 PEN RBA BI421 0930 BWN MAS MH671 0930 PEN/KUL SIA SQ201 1000 HLP CPA CX710 1005 HLP
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    • 403 2 NYT WHEN Philippine President Marcos seeks a new mandate in May, it will be for a job quite different from that he currently holds, according to high government officials in Manila. The new presidential position, now being worked out through amendments to the constitution, would give
      NYT  -  403 words
    • 142 2 Reuter INDONESIAN garment manufacturers face a new quota row with France, Italy and Ireland only weeks after settling a similar dispute with Britain, the Indonesian Garments Association said yesterday. Association president Rusman Muthalib said importers in these countries had cabled a dozen garment manufacturers
      Reuter  -  142 words
    • THE REGION IN BRIEF
      • 492 2 Agencies AN ESSO company holding concession for oil exploration on land will begin drilling in north-eastern Thailand within four weeks. The Thai Mineral Resources Department said yesterday that the Esso Exploration and Production Korat Incorporated had taken delivery of a drilling rig to began operation at
        Agencies  -  492 words
    • 267 2 Reuter THE state-owned Philippine National Bank (PNB) yesterday predicted continued strength for the country's economy despite worldwide difficulties this year. In its annual report to shareholders, it said predictions of global difficulties last year had been extended for another year, but that in spite
      Reuter  -  267 words
  • Page 2 Advertisements
    • 77 2 'T. m s m ir 2 <• i i Si i when you arrive i I.CS' V..T 4V SINTAT Rent>a>Car Sngapore Man Oftce G27. OUB BuMrg (Neptune Theatre Gr Floor) Colyer Quay. S*>gapore 0104. Tel *****1 Arport Branch New Amval Hal. Singapore Alport. Singapore 1953. Tel *****1 Mjltysa Mar Olfce
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  • Page 3 Advertisements
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  • RAW MATERIALS
    • 210 4 Reuter A NEW domestic economic policy is likely to make China's heavily populated coastal areas more dependent upon grain imports, according to a US agriculture analyst. He said larger Chinese grain imports in recent years are becoming an increasingly necessary part of food demand
      Reuter  -  210 words
    • 168 4 SOYBEAN futures in Chicago on Monday ended down the 30 cent a bushel limit in three positions, to 25'/2 cents a bushel lower in deferred March. Aggressive speculative long liquidation on dollar strength, continued slack export interest and lower commodity markets in general held prices on the minus side
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    • 198 4 WHEAT futures in Chicago on Monday closed at or near the bottom of a 13 cent range, down 11 cents a bushel to down the 20 cent a bushel limit in September. Active speculative long liquidation following weekend rain in US winter wheat crop areas, along with forecasts of
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    • 235 4 THE Singapore market yesterday closed slightly lower with March One RSS buyers quoted at 268.25 cents per kilo, down 1.75 cents from Monday's close. MorniYig prices were marked down slightly on speculative selling and lower London advices. Afternoon prices fell further on some long liquidation but short-covering interest emerged
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    • 325 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 266.50 267 50N Int. 1 R.S.S. March 268 50 269 00 Int. 1 R.S.S. April 273 00 273.50 Int. 2 R.S.S. 251.00 252.00N UK/Cont 250.00 251.00N Int. 3 R.S.S. 248.00 249
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    • 112 4 NOON SSR and SMR price* yc*t*rd*y RAS March April (Current Mth) (Forward Mth) Buyer* Sellers Buyer* Seller* SSR 20 (1 ton pallet) ***** 243.00S 243.00 246.00N SSR 50 (1-ton pallet) 237 00 239 OON 239.00 241. OON MRELB SMR CV (1 ton pallet) 295.00 297.00N 297.00 299
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    • 83 4 THE STRAITS tin price in Penang yesterday (ell II cents to M 599.45 a kilo bat vu still within the International Tin Agreement's middle range price d 53i.1l te $32.74, dealers said. Sharply lower evernight London advices contributed te the easiness. Uncertainty ever the US stockpile saw reduced
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    • 34 4 Rubber March 3 Singapore: March: 268.25 cents (down 1.75 cents) Malaysia: March: 292.75 cents (down 0.25 cent) Tin: M 530.45 per kilo (down 16 cents) Official offering: 168 tonnes (down 17.41 tonnes)
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    • 119 4 Reuter JAPAN'S production of electrolytic copper fell 1.7 per cent in January to 86.955 tonnes from 88,481 in December, but was up 5.2 per cent from 82,657 a year earlier, the International Trade and Industry Ministry said. Deliveries in January fell 5.1 per cent
      Reuter  -  119 words
    • 175 4 CHINESE Pradaee Exehaage, Slagapare, riwhg prices per IN kg yesterday. Caesast ail: Bulk fob $129.00 sellers, old drum (In second hand drum) fob $139.00 sellers, new drum fob $145.00 sellers. Cspra: Mixed (loose) $79.00 buyers. Pepper: Muntok white pepper fob Asta NLW $427.50 sellers, Sarawak white pepper faq
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    • 193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cettsa yam: China Blue Phoenix 20s 2,220 32s 2,770, 40s 2,990 (per bale of 400 lbs). Piece gesds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 320 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.28, 100 per cent second class 1.02, 100 per cent third class 1.01, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80. Special
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    • 718 4 COFFEE: Robusta futures yesterday closed a quiet morning with losses from Monday of £7 to £12 a tonne. Turnover was 774 lots. During the morning, the market extended opening losses in quiet conditions, dealers said. There were no fresh fundamentals and little physical interest to aid the market.
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    • 137 4 THE Kuala Lumpur market yesterday closed slightly easier despite some late buying support for nearby March in quiet trading, dealers said. In March, the northern and southern regions eased Mss to $965 a tonne while the central region gained $2.50 to $972.50. In April, the southern region fell
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  • ASIAN STOCKS
    • 371 4 TOKYO SHARE prices yesterday closed mixed in moderate trading with highpriced electricals and drugs falling on profit-taking while large capitals gained on buying by foreign investors and Japanese corporations, dealers said. The market average fell 18.46 to 7,137.12 with volume 300 million shares, but the Tokyo
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    • 302 4 THE market yesterday opened down but firm after a weak showing in London. Early buyers dissipated quickly and the market came off under persistent selling which appeared to come primarily from small investors. Heavy short-covering at the clo6e caused the market to pick up and finish well above the
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    • 218 4 MAN 0.4 Cent* INDUSTRIALS A C 1 2UUh A N I 315 A P M 232 2 Ampol Prl 175 unch B. H P 1220 -••0 B.i nk NSW 307 -3 Bor.il 365 unch Br.itiibtr> 297 C B A 320 1 r s k 626 -14 Coal Allied 1250
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    • 257 4 STOCK prices yesterday closed mixed in quiet trading which centred on finance and cement shares, dealers said. Industrial Finance Corp fell one baht to 122 and First Trust and Siam Credit dropped 0.50 each to 67 and 82 respectively. MAR 03 1 ttaht* A«u I'rrdit Asia Fibre Ayulhaya Inv
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    • 125 4 THE stock market yesterday was mixed with turnover rising sharply to 6.5 million pesos, dealers said. First Phil Holdings and PLDT rose while Basic Petroleum eased. MAR a* Pesos Acoje Milling 0064 unch Alias Con A Atlas Con B Z" 27 50 -1 Bagnio Gold 005 unch BftiftuH Con
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    • 54 4 FINANCIAL TIMES INDUSTRIALS Monday 501.4 Friday 506 6 Week Ago 486 6 DOW JONES AVERAGE INDUSTRIALS Monday 977.99 Friday 974.58 Week Ago 945 23 H.K.HANG SENG Tuesday 1420.03 Monday 1451.04 Week Ago- 1519.24 AUSTRALIAN INDUSTRIALS Tuesday 680.3 Monday 6905 Week Ago 683 6 ALL ORDINARIE8 Tuesday 642.6 Monday
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  • Page 4 Advertisements

  • TRADE AND INDUSTRY
    • 170 5 LOCKHEED Missiles and Space Company of California, US has developed a training method for deaf workers of relevance to industrial educators in Singapore. Developed for its own deaf workers, the method trains workers through videotapes which interpret instructions by hand signals. To produce the training
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    • 300 5 THE National Association of Travel Agents Singapore has applied for grants from the Skills Development Fund to finance some of its courses designed to improve the skills of workers in the travel industry. The association met administrators of the Fund two months ago and were briefed
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    • 367 5 THE Consumer Association of Singapore has called upon the government to consider passing a law requiring all major household electrical appliances to be labelled with their energy ratios. This scheme will enable the consumer to compare and select appliances based on their energy-saving capabilities. And it
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    • 177 5 SINGAPORE candidates sitting for the Institute of Chartered Secretaries and Administrators' examinations will be able to take local law papers for the first time this year. Philip Loong, chairman of the Singapore Association of the Institute of Chartered Secretaries and Administrators, said
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    • 43 5 CANDIDATES wishing to sit for the professional interview of the Chartered Institute of Building part 111 examination on March 19 and 20 may contact Nicole Ng. Mrs Ng can be reached at telephone *****77 or *****58. Closing date for applications is Friday.
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    • 300 5 THE Singapore Labour Foundation will set up its own company to develop a $50 to $60 million trade union complex. The SLF is forming the company to undertake the project more out of "contractual convenience" than as a vehicle for venturing into
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    • 57 5 A 12-MAN delegation from the Italian-Australian Businessmen's Association of Western Australia was in Singapore for a four-day visit last week. The industries represented by the delegation included timber, plywood manufacturing, cane furniture, meat exports, hardware, property development and real estate. The visit was the first study of markets
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    • 189 5 THE new $20 million Changi Airport Cargo Complex will be one of the main topics of the Asian Air Cargo Conference to be held in Singapore on March 27 and 28. Two papers on this complex will be delivered by Ho Beng Huat, senior assistant
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    • 138 5 SINGAPORE received a record 15,521 foreigners born outside Asia during the 1970b, nearly 10 times the number for the previous decade. The increase in the number of such persons was most significant between 1976 and 1900. More than" 12,000 foreigners born outside Asia arrived during this period, against
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    • 408 5  -  By RICHARD SEAH MITSUBISHI Electric Corporation, or Melco, can expand production at its Singapore factories almost overnight when the world economy recovers from the current recession and when demand for its products picks up. Melco's joint venture with the Wah Chang group, United Electronic Engineering
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    • 180 5 THE Automobile Association of Singapore and the Toyota group of Japan have established a car rental company in Singapore. The joint venture company, which began business last month, is known as AA Toyota Rental (Singapore). The company has to date bought 25 Toyota cars
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    • 342 5 SEMINARS AND COURSES Mar 10-Apr 9: Effective Letter Report Writing, SIM Conference Room, Singapore Institute of Management Mar 10-Apr 10: Basic Supervision For Junior Supervisors, Suite 36C Waterloo Centre, Personnel Organization Development Mar 12: Computer Crime Seminar, Shangri-La Hotel (Hibiscus Room), Medora Tong Chow Associates /Touche Ross International
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  • Page 5 Advertisements
    • 74 5 Inn Of Happiness A double taste treat with a difference. The Business Shoppers Lunch. i *7# mk 11 Four specially selected Cantonese and Szechuan dishes plus a soup for just $50++ for up to 6 persons or $85++ for up to 10 persons. Monday through Sunday at the Inn of
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    • 31 5 Asia's #1 News Magazine mi -J The Boom In Genetic Engineering Jr4, rv» rr #1 in circulation #1 in ad revenue #1 in coverage of executives TIME The worldwide media system
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  • 378 6 THERE IS always that tendency to compare ourselves with others. The schoolchild weighs his marks against those of his classmates; the executive contrasts his salary and perks against those of his colleagues; the company its market share against that of its competitor. And, naturally, we tend
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  • 302 6 BUREAUCRACY is often described as a giant octopus which has all but lost its sense of coordination, its numerous tentacles becoming hopelessly intertwined. Its very magnitude and complexity slows down the transmission of messages or the implementation of policies. In the case of government departments,
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  • 1413 6  -  RONNIE LIM discusses the rationale behind the set-up of SNOC and, more recently, Fullerton Alpha Shipping RONNIE LIM A SMART new nameplate proclaiming Singapore National Oil Company (S--NOC) in the lobby of the Central Provident Fund building in Robinson Road will soon be joined
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  • 702 6  -  By PRANAY GUPTE NYT IN THE WILDERNESS of the empty quarter, amid red sand dunes that rise hundreds of feet and where the mercury can soar above 140 degrees, the working day never ends for Don Harday and Roy Korbut, both Canadian nationals. On an around-the-clock basis,
    NYT  -  702 words
  • Page 6 Miscellaneous
    • 659 6 I I -IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS i.3 It was tough (or him at > Trafalgar (5) 8 She has madly to embrace an artist (5) 10 A thievin' or stealin' bird, we hear (5) XI A two quart girl? (3) 12 Like one's objections to going bent? (5) 13
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    • 8 6 Rn Stow: Ptanit >^enS ffe "Wts TOO^G jLPD6
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    • 571 6 Neil Sedaka sings his hitsg A GOOD mix •< programmes are Used ap far your entertalameat this evMlag. Far a BgU start, SBC briip m Happy Days araud dinner time. In this tfMe, Fansie's cousin, Chaehl, finds an apartment fsr Richie, PtMe and Ralph as the hays feel they need
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    • 176 6 Diary 8.15 On The Sunny Side Ml Prog Summary followed by Storytime 1.15 Potluck IJI Arts Alive II.M Music While You Work 11JI News in Brief 11J6 Instrumentalists Of The Week 11J9 Many A Slip 12.H Say It With Music IJC Lunch Date IJI PM News followed by Share Market
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  • 574 7 Mitsubishi Electric Corporation (MELCO) sales in fiscal 1980 totalled USSS,4U7 million an increase of 17 percent on 1979. Net income was U*****.2 million, up 49 percent on the previous year. "Looking ahead, fiscal year 1980 and
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  • 415 7 Mitsubishi Electric's international activities encompass the total spectrum of the Corporation's overseas involvement. They include product exports, overseas manufacturing, worldwide customer service centres, and extensive imports of raw materials and parts. Overseas activities group accounted for 16 percent of the Corporation's sales Jn fiscal 1979. International sales
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  • 398 7 The fastest elevator in South-East Asia is in Singapore's DBS Building and it travels at 450 metres a minute. It is a Mitsubishi Electric elevator, installed by Ryoden (Singapore) Pte Ltd., a subsidiary of MELCO. Ryoden is the oldest MELCO company in Singapore.
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  • 591 7 MELCO's extensive basic research and applied development efforts seek to ensure that the Corporation stays at the technological cutting edge. With seven research laboratories supplemented by four R&D sections, this group is crucial to MELCO's continued growth. Research, production, and sales
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  • 275 7 Mitsubishi Electric Corporation (MELCO) has a long history of service dating back to the establish- ment of the Nagasaki Ship- yard in 1884. By 1898, an electrical equipment plant was begun at the Nagasaki Shipyard, followed by another at Mitsubishi Shipbuilding's Kobe yard in 1905.
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  • 155 7 MR SADAKAZU SHINDO, who became Chairman of Mitsubishi Electric Corporation in 1980, is visiting MELCO operations in Malaysia and Singapore. Born in 1910, he graduated from Kyushu University in 1933, majoring in electrical engineering. He joined Mitsubishi Electric in 1934 and was promoted General Manager of
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  • 702 7 Three Mitsubishi Electric companies in Singapore market and manufacture a wide range of products aimed at building a better life for Singaporeans. Melco Sales Singapore Pte Ltd, in the forefront of Mitsubishi Electric operations. is recognised as a market leader. It comprises
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  • Page 7 Advertisements
    • 87 7 Welcome Mr. S. Shindo, Chairman Mitsubishi Electric Corporation, Japan, Mrs. Shindo, to the Mitsubishi Electric Dealers' Convention, 198 L RYODEN (SINGAPORE) PTE. LTD. 1502/1503 MARINA HOUSE, 70 SHENTON WAY, SINGAPORE, 0207. TEL *****33 RYODEN (MALAYSIA) SDN. BHD. 2ND FLOOR, WISMA BUDIMAN, PERSIARAN RAJA CHULAN, KUALA LUMPUR, 04-01 MALAYSIA. TEL *****
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  • 1123 8  -  rECONOMIC SURVEY" The year 1980 may have passed us by but its performance is yet to be assessed. HSUNG BEE HWA and LILLIAN A CHEW provide the I details of I Singapore's economic I achievements in 1980. 0L CHEW BEE HWA
    BT Chart by A Chan  -  1,123 words
  • 1182 8 THE MANUFACTURING sector put up a commendable performance last year despite the slowdown in western economies. The improvement was broadbased. with growth registered in all industries except petroleum, garments, sawn timber and plywood. Although real growth of the sector at 12 per cent was lower than that for
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  • 531 8 THE REPUBLIC continued to enjoy a healthy balance of payments surplus in 1980. Despite further oil price increases, our net surplus increased by $0.3 billion to $1.4 billion. The improvement over 1979's balance of payments was due to increased foreign investments in Singapore and the resultant inflow of
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  • BANKING AND FINANCE
    • 340 9  -  By WONG AI KWEI THE SINGAPORE branch of the European Asian Bank (EAB) announced on Monday that it will offer its first four-year negotiable floating rate certificates of deposit (FRCDs) issue in the Asian dollar market. This is also the first time that four-year negotiable
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    • 151 9 RESTRICTIVE Bundesbank monetary policy is causing "intolerable strangling" of the West German economy and deepening recession. Kiel Institute economist Norbert Walter said, in an article in the weekly magazine Der Spiegel, that the Bundesbank's suspension of its ordinary Lombard facility last month left the market
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    • 959 9 A FINANCIAL futures market in currencies and Interest rates on government securities has received a goahead from the Bank of England and eoald be operating in London by the end of the year. Financial futures are one of the fastest growing areas
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    • 91 9 THE BANK of England is temporarily reducing the reserve asset ratio for banks to 8 per cent from 10 per cent of eligible liabilities. Started on Monday, it will remain in effect till March 10. The Central Bank said the decision to cut the ratio was taken to
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    • 501 9  -  By ALVIN TAY KRUNG THAI Bank and Thai Farmers Bank, the second and third largest banks in Thailand respectively, have applied to the Monetary Authority of Singapore for permission to set up branches here. This brings the number of Thai banks seeking offshore licences here
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    • 53 9 CITICORP lateraatleaal Gronp nU a USUI.2 million shert term syndicated credit facility for Thai Airways International Ltd has been rlownl The credit facility matares la 1M days, but Thai Airways has aa sptiea to renew fnr a farther 189 days. Interest Is set at Vb per eeat sver Leaden
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    • 274 9 Reuter THE DUTCH Central Bank raised bank rate yesterday to 9 per cent from 8 per cent. It decided to raise all its rates by one per cent in view of the rise in interest rates internationally. The rate on secured loans, Voorschotrente, the basic
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    • 477 9 NO COMPELLING (actor has emerged to dominate the US credit markets which are keying their activity very closely to the Federal funds rate. Investors in US government securities remain very cautious in venturing too far outward on the yield curve beyond the five year area as
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    • 139 9 INDONESIA'S heavy gold buying in 1960 was designed to diversify the country's reserves position, which is expected to be at least US$7.l billion by end-March. The governor of the Bank of Indonesia Rachmat Saleh said Indonesia bought 1.8 million ounces of gold last year, much of it
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    • 230 9 OVERSEAS Union Bank's first four automated teller machines (ATMs) will be put into operation at the Grange Road, South Bridge Road, Ang Mo Kio and Kallang Branches from tomorrow. The service will be known as "Autocash." Each ATM provides a self-service location for the bank's customers to
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    • 1154 9 Reuter INDONESIA'S current account surplus on its balance of payments maty fall to slightly less than US$5OO million in fiscal year beginning ApMl 1. from an estimated $1.6 billioQ this year. The governor of Indonesia's centrai bank, the Bank of Indonesia, Rachmat Saleh said the primary reapon
      Reuter  -  1,154 words
    • MONEY AND EXCHANGE$
      • 466 9 THE US dollar firmed against all other major currencies except the yen and the British pound yesterday. Trading against the yen was reported to be hectic. When trading opened, the US dollar was quoted at 211.60/00 but at the close, the dollar had tumbled to 210.10/25 against the
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      • 139 9 THE US dollar for overnight delivery yesterday closed the morning easier at 210.40 yen, compared with a 211.60 opening here, a 211.50/65 closing in New York, 211.40/ 55 on the US West Coast and 210.75 here on Monday, dealers said. Trading was active with volume US$B27 million. After opening
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      • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.4 per cent.
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      • 190 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Mar 3. 7 days 1 month 2 months 3 months 6 months 9 months 12 months US Dollars (Spot) Offer Bid 16 H 16 16V. 16H 16 15/16 16 13/16 17V* 17H 17'/. 17W 16 1 16 H 167/16
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      • 45 9 RANGE of prices offered by discount home» oa Mar 3: Overnight: T'/.» Call deposits 6 %<* to V'.H Cloaiaf Bijiif fklliaf 3-month Treasury bills 6*« «H 3-month Bank bills 13* 13H 3 months CD 12'% 12 0 months CD 1115/16 1113/10 Source: National Discount Co
        45 words
      • 30 9 FRANKFURT exchanges opening quotes on Mar 3: US 2.1680/1710 Stg 4.721/731 D F1 90.64/80 S Fr -*****/78 F Fr 42.83/43.02 N Kr 39.60/67 B Fr (fin) 5.966/76 Yen KHM/ttK
        30 words
      • 267 9 SINGAPORE gold futures yesterday firmed marginally in thin afternoon trading on some short-covering but the market still closed easier on balance compared with overnight levels. Total sales for the day was recorded at 87 lots while volume for kerbs was at 90 lots with interest spread over the months
        267 words
      • 40 9 New York 12.25B I2 35R 12.55S 12S5S Zurich 12.30B 12 45B 12 70S 12 85S Mm Prf Singapore 12.358 12 30R 12 75S 12 70S Closing prices in US dollars a troy ounc* t. Source: Credit Suisse, S'pore.
        40 words
      • 123 9 THE dollar yesterday opened more than Vn pfennigs above its close here on Monday, although some of its gains were pared in quiet early trading, dealers said. The dollar was quoted at 2.1700/20 marks after opening at 2.1745/65 and closing on Monday at 2.1500/20. It closed in New York
        123 words
      • 117 9 THE US dollar yesterday was mixed, despite a late recovery against some major currencies on European buying, after showing some weakness in the middle of the day, dealers said. The dollar eased against the Swiss franc, closing at 1.9935/45 against 1.9960/80 earlier after opening around 1.9970/90 and also against
        117 words

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 289 10 MAN 02 Km CORBEILLE Air-Iaquide 499 11 B S N Gervais I hi nolle 1050 11 C S V < Thomson(**f> 351 50 -02 I'm 1 i-rancai.se (1«»n Petroies 221 1 Cot 11 (xi Kmc* Kinannrif ('(impiiKnif < Xwr.ilo 391 1 Credit Konrier l>e Kranre 401 unch Ilachette (labrainei
        289 words
      • 238 10 MAR 02 1 >m Arft-TrtWunk*n 62 50 Ak/o 1640 0.1 Allz l.fbrn 1040 00 unch All/ Ver* 4S4 00 -2 BASK 122 40 1.4 ■■9 H T Wbank 188 .SOB B.iy Vbank ***** 1 Bayrr 110 70B HC 239 50 -03 BM1 152 OOB 291 00 05 I'hrm Verw
        238 words
      • 97 10 \IAH UL' Kn FORWARD MARKET Arrf 2HU 5 Arbrfl 1196 -50 A»tur .183 1 Br a Man 964 12 Bru-Lamb 938 OMpac 1258 ♦20 Cork 179 8 IV IVvrs 293 -7 Kbr* 1695 -5 DfTlMfeH 3250 130 Cfb-Inno-Bin 1960 5 (ifV 1300 -20 Hohok 2S90 -10 Prlro 4900 40
        97 words
      • 212 10 MAX 0*J Kl* AliN 288 .TO .73 Ahold 73 30 -0.7 Ak/«> 1780 -03 AMKV 92 90 -08 Aml.i> 116.50 0.5 Aiiirohnk •S5.00 -16 IWKIKVN 24 50 0 8 )U.r k 45.20 -0 1 liolN 55.80 -0.2 KofNumg 224 00 .4 Kiiriimmt* 57.20 -0.3 li\enkorl 40 00 1 i'.ihllKt
        212 words
      • 189 10 MAR CC Knars Anion.* Suttari 286 -2 Alu*ul**r Br 1140 50 Alu*ui.v*r Rr* 445 *31 Urom n 'Buvrri Br 1340 -40 liba Oil) Br 1025 -25 libj Griiy PC 790 uiK-h Ciba ting) Reg 550 -4 I'rmu Suivn* Br 2800 -40 Crrtfrt Suiur Rr| 452 -7 Irktriim.iti Br 2420
        189 words
      • 109 10 MAN 02 I-irr Anir 13 075 Avnot Gttl *****0 3500 Bu.slogi 734 75 -5.25 Central* ***** logo Kui 2288 -26 KiiMder 92 75 -1125 Cien Initnob 2380 .9 in Pri 6530 -120 Itahctnenti ***** •315 Haiti. I> 1118 -12 IlalMdt-r 307 -S3 Magnet i M Pi 940 10 Mareiii
        109 words
      • 210 10 MAN It e» Ahilibi Air. in 40 Algnlll.i 42 Bank Man) 31 Kink N'uvj Scotia JO unrh Bell Trl 18 > unrh Beth Corp BP fan Lid 41 Br.iM.in 32 Camp Ked Luke 56 -I (.'.in Imp Bk 30 unrh Onp.li 43 l anpw Int Pf 19 Curling O
        210 words
      • 299 10 M AK 02 Hand INDUSTRIALS A Alpha 3*) -10 Aberrom 325 -5 AK And CI W» -10 AMIC 2500 Barlow* 970 30 t'R sugar 1725 -25 I'NA 510 -10 Cnrnr Kinanre 220 unrh Ur Bws lnd Kdron 57S unrh Kdgarx ***** tvrrrady K«d Yolk 455 unrh Kucit 235 tiurdun
        299 words
  • Page 10 Advertisements
    • 220 10 Where to wine,dine and entertain tiggSt For quick economical lunches Dolphin Cafeteria World Trade Centre w- > •> a r Local and Western self-service lunches Open daily 10.30 a.m. t03.00p.m. (I Restaurant LoungeN 10.30 a.m. to 10.00 p.m. DOLPHIN CAFETERIA Ist. Floor, World Trade Centre, Tel: *****11/2 I 7» fZa
      220 words
    • 104 10 For banquets. For conventions. For other functions of flawless finesse. hunctu >ns t< >r up r< > 280 guetsf.s Internatuvia! menus u) civ x ~)se from \>mplete range of audio-L'isiial equipment 'Ample parking spare Jk<& I'lii-k SIMTIIIIIII Siii^uiMinSHERATON HO'EIS AND INNS k'.ORLPWIDf HS- )<**> u m m LUNCH m fHors
      104 words
    • 199 10 See Page 4 for Asian stocks and Page 11 for NYSE prices Everything's here at the Mirabelle r z c, \)?0 All the ingredients for an enchanted evening are here Superb Continental cuisine and choicest vintage wines In an elegant and romantic atmosphere complete with candlelight and strolling minstrels And
      199 words
    • 119 10 QGQQO Inn Of Happiness Now open at the Hilton Dine Cantonese style. Dine 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. MM HMON INTERNATIONAL
      119 words
    • 115 10 V- J" 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 cxKpn ixra Oxley Rise/Penang Road. Singapore 0923
      115 words

  • OVERSEAS
    • 444 11 Reuter BANK of Tokyo president Yusuke Kashiwagi has forecast that the current account surplus of Opec countries will be in the range of US$lOO to $110 billion this year, in line with last year's level. Asked by reporters to comment on
      Reuter  -  444 words
    • 157 11 Reuter EGYPT yesterday mourned its Defence Minister, General Ahmed Badawi, and 13 high-ranking officers killed in a helicopter crash during military exercises in the western desert. The crash left a big gap in the country's military leadership. The dead included Lieutenant-general Ali Fayek Sabbour,
      Reuter  -  157 words
    • 290 11 Reuter THE CHIEF of Iran's armed forces has held out the prospect of a ceasefire in the five-month war against Iraq, but on conditions which Baghdad seems bound to reject. Speaking apparently in response to a new offer by President Saddam
      Reuter  -  290 words
    • 1336 11 NEW YORK STOCK MARKET NEW YORK stocks on Monday overcame early profit-taking and worries about the direction of interest rates to close higher in moderate trading, led by oils and airlines. Analysts attributed the buying to a belief among institutional investors that the market is anlikely to
      1,336 words
    • 866 11 Reuter BRITAIN'S Chancellor of the Exchequer Geoffrey Howe faces the daunting task of restoring credibility in the government's economic strategy designed to curb inflation and rebuild the economy when he presents his third annual budget next Tuesday. The touchstone for financial confidence will
      Reuter  -  866 words
    • 482 11 NYT US SECRETARY of State Alexander Haig plans to visit the Middle East next month and make a major effort to persuade friendly Arab states that the US will respond firmly to what he perceives as a Soviet threat to the region. Reagan
      NYT  -  482 words
    • 333 11 UPI POLAND'S official armed forces newspaper has accused Polish priests of becoming politicised and undermining the social order. This is the first newspaper attack on the powerful Roman Catholic Church in 12 years. The Zolnierz Wolnosci said: "The political zeal of some priests goes against social
      UPI  -  333 words
    • 472 11 UPI THE BRITISH Labour Party has split wide open in its worst internal crisis in 50 years, holding out the prospect that Prime Minister Margaret Thatcher's Conservative Party may remain in power for years. The rift, long in the making, opened up
      UPI  -  472 words
    • WORLD IN BRIEF
      • 434 11 Agencies BRITISH Leyland (BL), the motor vehicle manufacturer, is preparing to announce record losses of about £400 million in 1980, industry sources said. The massive deficit follows losses of £37 million in 1978 and £144 million in 1979. Losses are also predicted for this year and
        Agencies  -  434 words
  • Page 11 Advertisements
    • 153 11 The Straits Times Directory of Singapore triple-purpose index. The one tab to help you keep tabs on allyour resources! The triple-purpose index of the Straits Times Directory or Buku Merah (as we are also known) is your complete guide to all the resources available to you in your business. If
      153 words

  • 1887 12 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 ft COMMERCIAL Acma (3.525)
    1,887 words
  • 169 12 SINGAPORE UNIT TBI ST OUB-MONTAGU (Maaagen' prires In Mar 4) (Managers' prW« far Mar 4) The Commerce 3.75 394 Union Spore Fund ISO 1.55 The Savings Fund S pore Prog Fund S pore Sec Fund 2.08 1.60 2.35 2.18xd 168 2.47 INCOME BOND UNIT (Carre®t prices) S pore
    169 words
  • 2732 12 Gr'» Gr'» Net 1980/1981 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 361' 238 Acma 356xri 6 14.5 2.8 4.0 14.5 2 356 356 300 220 Alcom 300 12.0 2.5 4.0 17.0 184 116 Allied
    2,732 words
  • 2077 12 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDIBTRIALS Aleeoi (3.045) Ales HeU (2.00B) (I) 2.00 A Cbae (1.755) A
    2,077 words
  • LATEST RESULTS
    • 58 12 has an- nounced an unaudited pretax profit of $2.93 million for the half-year ended Dec 31, 1980 ($5.55 million previously). This implies a net earnings per share of 10 cents against 20 cents previously. An interim dividend of 10 cents per share has been declared, payable on
      58 words
    • 45 12 made a trading loss of $1.16 million before tax for the year ending March 31, 1980 ($1.83 million) on a turnover of $7.26 million ($7.38 million). The total loss after providing for taxation and extraordinary items amounted to $1.43 million ($2.09 million).
      45 words
  • 703 12 WINTRY weather continued to ptagu the stock market yesterday and the trading pace stowed down to reflect the uncertaia meed. Paber Merita headed the decliae ea news d a eae-fer-three rights Issue at $I.M per share. Small-time Investors were mutilated as the share plammeted by
    703 words
  • 628 12 SHARE prices fell significantly yesterday as sentiment weakened on the Kuala Lumpur Stock Exchange. Values were driven back throughout the day on profit-taking and weak selling, although light support was still evident in scattered counters. The overall losses trimmed off 7.00 points from the New
    628 words

  • COMPANY NEWS
    • 436 13 THE latest indication of the shockingly high prices of land in Hongkong is given by Sugar King Robert Kuok who bought a piece of land last month at more than $60,000 per square metre. Mr Kuok, who is also chairman of Shangri-La -Hotel acquired
      436 words
    • 311 13 THE directors of both Hotel Malaysia and Ming Court Hotel have officially announced the appointment of Standard Chartered Merchant Bank Asia Ltd as independent advisers to the companies and their minority shareholders in respect of the anticipated takeover offer from Malayan United Industries
      311 words
    • 229 13 REPLYING to the KLSE, Malayan United Industries (MUI) has informed that the value of $6.00 placed on each stock unit in Ming Court Hotel was based on prevailing market prices. The new shares to be issued will rank pari passu in all respects with the existing shares of
      229 words
    • 781 13  -  By THE CITY STAFF BANDAR Raya's strength as a major property force in Malaysia will be much more visible this year. In its latest circular to shareholders. Bandar's management has projected a 31 per cent increase in group pre-tax profit to $9.14 million
      781 words
    • 260 13 PRE-TAX profit of the Malacca-based Ayer Molek Rubber Company rose 14.7 per cent to M 5497,968 for the year ended Aug 31, 1980. Much of the earnings were attributable to the first half when profit totalled $312,500, suggesting a considerable slowdown in the second
      260 words
    • 351 13 THE developers of the Subang Jaya housing estate. United Estates Projects Bhd (UEP), will soon seek a listing on the Kuala Lumpur Stock Exchange. UEP, a joint-venture between Intercontinental Housing Development (IHD) which holds 49.98 per cent, and Urban Development Authority (UDA),
      351 words
    • In Hongkong...
      • 245 13 said its issue of 240 million HK$2.OO shares with warrants at $2.80 each was 2.82 times oversubscribed. A warrant with rights to one further share is issued with every three of the shares. The shares represent 26.4 per cent of the issued capital of the company which
        245 words
      • 78 13 has announced an audited net profit of HK5171.87 million (138.90 million previous- ly) for the year to Dec 31, 1960. A final dividend of 8 cents (4 cents previously) on the capital increased by a two- 1 for-five bonus issue, plus special cash bonus of 46
        78 words
      • 147 13 has announced a net 1980 profit of $46.22 million ($40.72 million). A final dividend of 10 cents (same) plus cash bonus 18 cents (12.5 cents) will be paid, making a total of 58 cents (52.5 cents). The company's books will close on March 25 to April 3.
        147 words
      • 101 13 has issued nine million ordinary shares of 50 cents each* in the capital of the company to Hutchison International (HIL), the company announced in a statement. The new issue was in accordance with the terms of a 7.75 per cent convertible subordinated unsecured loan agreement dated September
        101 words
      • 27 13 has announced no final 1980 dividend (same) making total of nil (same). The company's books will close on April 18 to 24. Reuter
        27 words
    • 518 13 SSOSCL» by HOCK LOCK SIEW THE Securities Industry Council's (SIC) ruling that Malayan United Industries (MUI) has to offer a cash alternative to minority shareholders of the two Singapore hotels it is acquiring is timely in that it settles once and for all the heated controversy that
      by HOCK LOCK SIEW  -  518 words
    • 64 13 Reuter AYER Hltam Tin Dredging Malaysia Bhd has announced a pre-tax profit of M 54.87 million ($8.72 million previously). Earnings per share works out to 37 cents (54 cents). An interim dividend of 60 cents (90 cents), less Malaysian income tax at 40 per cent, will be payable.
      Reuter  -  64 words
    • 432 13 farreat Ex BMki Date Tetal far TetaJ far Payment Date Claae Payable the year Prevtaaa year Aoitni AmaJ 45% I Mar 12 Mar 24 Apr 10 45% 100', Ayer HlUm Tin 60% I Mar 16 Mar 26 Apr 15 60% 205% EU-nU 5.8%I Mar 17 Mar 27 Apr
      432 words
    • 295 13 Cwnpuy Particulars Ex Date Baalu Close Akwm Proposed rights issue of 2 for 1 fe $1.70 per share NYA NYA API Proposed rights issue of 1 for 1, (a $1.00 per share NYA NYA C AC Bonus issue of 1 for 3 Mar 2 Mar 7 City Dev
      295 words
  • Page 13 Advertisements
    • 37 13 I i m 4C-SK, vve make sure fh/s never happens to you! INTERIORS (C FURNITURE WITH A TOUCH OF CLASS 321, 3rd Fir, PLAZA SJNGAPURA, Above Yaohan Orchard Open 7 days o week 11 am —9 pm
      37 words
    • 281 13 \ou not pay $78,000 todriw a VOLVO. Rent one! Pay a minimal rental fee and get the pick of our Volvo fleet on a daily or yearly basis. Benefit from: A choice of brand new. air- conditioned models Unlimited mileage Free maintenance/ replacement car Free road-tax, radio licence and insurance
      281 words

  • 403 14 SINGAPORE should not be too optimistic about the continuation of two-digit growth. Last year's twodigit growth was possible because of the Asean momentum which was around 7 to 8 per cent for our Asean neighbours. This is the opinion of Professor
    403 words
  • 320 14 BOUBTEAD Holdings hu entered late an agreement to bay over a choice piece of property la Koala Lampar for Ms3s million. The acquisition will further the diversified group's thrust into property development activities. la an after trading hours announcement yesterday, Boustead said
    320 words
  • 797 14 LONDON, Tues. The market closed lower today though equities were generally a penny or two above the lows, dealers said. At 3 pm, the Financial Times index was down 6.5 points at 494.9. Sentiment that equities had been overbought at the end of last week caused the weaker
    797 words
  • 89 14 AP NEW YORK. Tues Stock prices were mixed in early trading today as more American banks cut their prime lending rates to 18.5 per cent. The Dow Jones average of 30 industrials declined 1.92 points to 976.07 in the first half hour, but advances outnumbered declines by
    AP  -  89 words
  • 213 14 THE MINISTER for National Development, Mr Teh Cheang Wan, will be asked some pertinent questions on the housing programme at the next sitting of Parliament on Friday. Mr Hwang Soo Jin, Member of Parliament for Jalan Kayu, will ask Mr Teh what the
    213 words
  • 165 14 Reuter THE WORLD energy situation could get worse with lesser oil and higher prices as oil producing countries cut production to avoid a glut and for conservation. Haftab Ahmad Khan, director of the Asia and Pacific Development Centre, told the development planning committee of the United
    Reuter  -  165 words
  • 173 14 AP LEONID Brezhnev announced yesterday, to wild applause and cheering at the Soviet communist party's 26th congress, that he and all his top party colleagues have been reelected by the party's powerful central committee. Brezhnev, 74, declared in a short, heavily applauded speech
    AP  -  173 words
  • 417 14 Reuter JAPAN is ready to drop its restraints on providing low-cost loan subsidies, to boost the export of plants as part of an economy boosting package. It is very close to formal agreement on a number of steps that would permit Japanese plant
    Reuter  -  417 words
  • 231 14 Reuter INTERNATIONAL banks have boosted the amount of oil money recycled to developing countries which are not oil producers, according to figures published yesterday by the Bank for International Settlements (BIS). New credits by banks in the West to non-oil developing countries had dropped sharply in the first
    Reuter  -  231 words
  • Page 14 Advertisements
    • 6 14 Leader Page Leader...page See page 8
      6 words
    • 324 14 fcs. A THE PEUGEOT3OS OUTVALUES EVERY OTHER CAR IN ITS RANGE The Car A sleek, young image in exciting aerodynamic lines housing all the quality and standards of excellence you have come to expect from Peugeot. This brilliant family saloon is the result of years of intensive research and innovation.
      324 words
  • Page 14 Miscellaneous
    • 67 14 -WEftTiH ER= Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in a few areas from late morning. Report for 24 hoars prior to 7.3t p.m. on March 3 at the airport. Maximum temperature 32.2 Associated humidity 59 Minimum temperature 23.0 Associated humidity 95 Hours of sunshine 10.95
      67 words

  • SHIPPING TIMES
    • 276 15 THE Far Eastern Freight Conference (FEFC) has announced that the currency adustment factor (CAF) for Singapore and Malaysia has been reduced to 18 per cent from Feb 23. This follows a review of currency values on Feb 13, 16 and 17. The result shows
      276 words
    • 76 15 SHIPPING Times cejebrated its third anniversary on Monday night with a cockJail party in the Century Park Hotel, Singapore. The occasion was attended by well over a hundred Heading personalities in the business in Malaysia and Singapore. All the guests were given mementoes of the anniversary in the
      76 words
    • 559 15 THE current huge tanker surplus situation in the world is not expected to improve in the near future, with the number of tankers being laid up or waiting for business standing at more than 20 million deadweight tons. Attributing the problem to the gradually
      559 words
    • PORTSIDES
      • 135 15 THE Port of Singapore Authority's (PSA) port clearance unit and central conventional berth allocation unit will operate from the 2nd floor Podium Link of Tanjong Pagar Complex (TPC) from today. Other PSA departments to be located on the 2nd floor Podium Link of the Complex are the
        135 words
      • 46 15 THE Ben Line Steamers Ltd, have been appointed marketing agents in Singapore and Far East countries for the salvage and ocean towing tugs of Safmarine Ltd, Cape Town. Safmarine operates the World's two biggest deep-sea salvage tugs, the John Ross and Wolraad WoJtemade.
        46 words
    • 715 15 SMpptegUae Page CM Achipplp(fo Adriatic Afea Afro-Eurasia Alfred CT All trans Alpar Angkutan Angonave AM. AntoO APL Argentine ASCL Asia Merchant Bait-Orient Bangladesh Bank Une BBS Ben Line Ben Ocean Ben Asia Ben bulk Bienley Bintulu Blue Diamond Blue Funnel Blue Star Burmese CAVN-FMG CCNI Ceylon Shpg
      715 words
    • 806 16 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Lines Operatn Arrival Date Time Capella 023 4.3.81 0100 Kim Shpg 50 VC P. Wilson 47E 4.3.81 1500 APL TA 6 VC Laura Maersk 8104 5.3.81
      806 words
    • 1454 16 ACTIVE time-charter continued to feature the freight market on Monday especially for vessels with Continental delivery. A 26,000 tonner was booked with delivery Gibraltar for a St Lawrence round voyage at US$B,9OO daily, while a 38,000 tonner with delivery Lisbon for a trans-Pacific round voyage received $10,600 daily.
      1,454 words
    • 277 17 TWO leading Salvage companies, Smit International South-east Asia and Selco Salvage, teamed up for the first time over the weekend in one of the largest salvage operations ever conducted in South-east Asia. The 69,667 dwt Panamanian-registered bulk carrier, Yalung Career, which ran around on
      277 words
    • 420 17 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Blue Shinyo (ro/ro) (1500 after AJioth) 15/16 Boleslaw Ruminski (after Yong Ming sails Guang Ping hauls) 31 32 Blue Kochi (ro/ro) (after Queen Elizabeth 2, starboard a side, must vacate 5 2300) 47 Fukuzaki Maru (1300 subject freeboard) 19 Frotasantos (1100 hauls
      420 words
    • 490 17 Reuter THE world tanker fleet totalled 3,338 vessels amounting to 324.8 million long dwt on Dec 31, little changed from the 3,330 vessels totalling 326.9 million dwt at endJune last, London shipbroker John Jacobs says. In its half-yearly report on the tanker market up
      Reuter  -  490 words
    • 171 17 TEN oil tankers, the victims of slackened international tanker trade, are still laid up in Labuan. They are mostly of British origin. A spokesman for Harrisons and Crossfield. the agent for the Mothballing Tankers, told Shipping Times in Labuan that there had been no movement since
      171 words
    • 424 17 THE $750 million group Sea Containers, the world's largest container and accessories lessor, is set to unveil an exclusive powerpack unit in Britain which is being hailed as a breakthrough in the market. The portable generator can provide instant power for up to
      424 words
    • 301 17 UPI ALL hope was abandoned for the survival of 23 missing South Korean crewmen, two days after they successfully battled a fire aboard their cargo ship in the frigid North Pacific but then went overboard when it began to sink. The sinking, fire-ravaged South Korean freighter was
      UPI  -  301 words
    • 1244 21 SCHEDULE 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 weeks. PN
      1,244 words
    • 247 22 MARINTEC Asia *81 exhibition March 2-6, Singapore. Seminars: Shipcare 81/ Sea tec 111 Regional Shipping Cargo Handling. Scatec 111 March 2 6, Asian ports development and dredging seminar, Singapore. Shipping Law (Advanced) March 2-6, Lloyd's of London Press seminar, Waldorf Hotel, London. Royal Institution of Naval Architects annual
      247 words
    • 149 22 AFP PHILIPPINE domestic shipping firms incurred about 100 million pesos in operational losses as a result of their inability to raise their passenger rates corresponding to the increased fuel costs. Capt Victorino Basco, president of the Philippine Inter-Island Shipping Association and chairman of the Conference
      AFP  -  149 words
    • 801 22 AFP SOVIET charterers began what appeared to be a big programme on the freight market last week, with enquiry circulating to fix vessels to lift grain, sugar and rice. The Chinese became more active, booking single voyages out of the United States for grain
      AFP  -  801 words
  • Page 15 Advertisements
    • 853 15 Everett Linesl FO« THf MOST FHQUINT SAILINGS TO BANGKOK HONG KONG JAPAN BUS AN CUTTAGONG CALCUTTA CHALNA RANGOON BUENOS AIRES MANZANILLO ACAPULCO Everett Steamship Corpn. S/A Clifford Centre Singapore 1 TH ***** 9 36 Beach Street. Penang Rm 36 103 OCBC Bldg Tef *****/3 Port Kelang Agents SOCSHIP CO BHD
      853 words
    • 43 15 Apr 1 Apr 5 Apr 8 Apr 8 Apr 12 Apr 15 Apr 15 Apr 19 Apr 22 Apr 6 Mar 30 Apr 12 Apr 13 Apr 6 Apr 19 Apr 20 Apr 13 Sea SE Land Customer Swvka/Booklng 771*07? Terminal *****53/*****37 iv.v.r.
      43 words
    • 669 15 MILLION MILES MARINE (PTE) LTD. 2* SHIP CIMMM.EMK (Sales Services) AGENTS USTfOBUTOffS STOCKISTS. Deck, Engine, Provisions Dry Frozen, Bond Galley Suppliers. Add 463, Macpherson Rd S'pore 1336 TEL *****21 (10 lines) Office on the wire *****11 (24 HRS) MAERSK LINE EXPORT FULL CONTAINER SERVICES ITO: U.S. PACIFIC. GULF, ATLANTIC, EAST
      669 words

  • Page 16 Advertisements
    • 865 16 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, NO 2, JALAN CON LAY, P.O. BOX 371, KUALA LUMPUR 0409, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Contain* Service T« Etwpe N CRYSTAL Saded Sailed RJTLANCHA Sailed SaM B PERMAI Sailed Saded H DELFT Sailed Sailed WHOM 6/3
      865 words
    • 354 16 BBS SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC E. CANADA faoai Marti 4/4 1/4 JM •20/4 *2t/4 *21/4 19/4 *21/< K/« 5/5 '/5 7/5 4/5 *7/5 It/5 PERSEUS" Mat -THERMOPYLAE" Ma 6. "BARBER TONSBERG" Ma II "BARBER MENELAUB" M» 22 i m wsscu wra vmtmm n m immm. warn 47
      354 words

  • Page 17 Advertisements
    • 465 17 Overseas Containers Limited Weekly service to/from UK/Europe OCL CONTAHERSHP SERVICE TO UK/CONTRtNT: SINGAPORE MANSfELD CONTAMER SHPPWG PTE LTD *****1 K LUMPUR CONTAINER AGENCIS *****4 P KELANG 3M006/S PENANG BOOSTEAD SHPWNG AGENCES SON BHD *****1/3 STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Containership Service To/From Bangkok stow Bin
      465 words
    • 389 17 A Franco Belgian Services (Ft r Fast Frc.ich Service with Beloian tHr Ktisttrr. I. tries' 1 ACf CONSOtTILM KOREAN CHANCE tMv CWVAIERPAUL 13 Mai nuißirauj) BMW 1) Mar oevaub«oa mm* KOREAN MCEWON2I Mar f tSUm It Hj*re R dam HW| BHa.en A torp 7 Mar 25 Mar 2t Mar 25
      389 words

  • Page 18 Advertisements
    • 717 18 Hapag-Lloyd TO HCMTEJWAJC* Checker «)Mt Qw»i*«r Of BMb S pore PR Pen Bilbao Genoa H burg B t»a»en Rdam Antwerp Mnatetwi 12/3 22/4 25/4 15/4 Ma. ttdKMS 17/3 19 3 24/3 19/4 29/4 27/4 24/4 22/4 ethalbckJMn 24/3 26 3 30/3 20/4 4'5 2/5 29/4 27/4 TO USA/CANADA Feeder IP
      717 words
    • 784 18 v LINE KOREA S ZZ P. KeUnf PENANG STOKE VEGA 157W SM In Port 5-6 March FROM BUSAN BANGKOK VEGA 158E Sid In Port 5-6 March TO BUSAN ALTAR 161W 12-15 March 16-18 March 20-23 March FROM BUSAN BANGKOK ALTAK 162E 12-15 March 16-18 March 20-23 March TO BUSAN KSC
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    • 647 18 (7) EVERGREEN LINE PAR CAST-EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTING CARGO FOR: HAMBURG. FELIXSTOWE, ROTTERDAM. ANTWERP, LE HAVRE. ALSO ACCEPTING CARGO FOR: UNITED KINGDOM SOUTHAMPTON. LONDON. MANCHESTER. BIRMINGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS. WEST GERMANY mmmw HOLLAND AMSTERDAM S'pvt M rtjfnburj Rotterdam litaitHi Antwerp It Hawe E.er Vifw 5/03 24/03 20/03
      647 words
    • 1020 18 Everett Lines Burna Ftvt Star Stiippinf Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON HTOfKTNA HTMTIWYM Nir*" PAGAN Spore PKet* 1/10 Mar 9/11 Mj> 11/12 kbr It/II ttm ludnf Iran Ptrun( a** I AoenttmMolayva BOUSTEAD SHWING TEL NOS Kl *****2/*****9 CompMNS An—lit Ot Miwmcin Int9rc9nti99ntal S. A. C.I. F. "ARGENTINE NATIONAL
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    • 447 18 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTB. \m SANKYO LINE JAPAN/STRAITS SERVICE GEICRAL MINTS OCEAN SHPPWG t ENTERPRISES PIE LTD SWGAPORE Til *****44/7 1 *****70 K LUMPUR TEI *****4, 4*4751 CON TUNE It BOOKING OCEAN SHPPWG STOW TEL *****44/7 IALAfS CONTAWER P KELANG TEL (347. 1973/4 SUB AGENTS P KELAN6 EAST
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  • Page 19 Advertisements
    • 829 19 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH, JEODAH AQABA (Reefer Cntrs Acceptable) 2ND CALLCOLOMBO S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ EAST AFRICA/REDSEA SERVICE Singapore P.Kalang Panang Loading lor In PI/5 Mar Aqaba KOTA CANTIKIn Pt/S Mar KOTA MAJU In Pt/S Mar Jaddah. Port Sudan Singapora P.Kalang Panang
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    • 840 19 HK+ BEN LINE CONTAINERS EXPRESS CONTAHER SERVICE TO/FROM EUROPE TOOMK IBBttv* (nil Mara ll**rp**lß*y i»n Bay Ksteaaa Bay C4y [M*|t PiU IK 9M V) In 7/4 9/4 11/4 12/4 5/4 Iw* 9/1 R«<> 7/4 1/4 11/4 12/4 5/4 faaty Act 11/3 Lap Bay 17/4 19/4 28/4 22/4 15/4 HOMEIMOPE H
      840 words
    • 762 19 Scan Dutch y 'V i i t I 1 1 WEEKLY EXPRESS CONTAINER SERVICE Feadn Feeder »assel J Span lllxinDltM j>Hbu'|4iGb«>( I DM.l* 6/3 tootm*. MOORN 10/3 »/3 30/3 31/3 I/O 1 8 KIMGA 13/3 Date. TOTMM 17/3 1/4 t/4 7/0 4/0 t DAM* ii/ 3 n CRYSTAI 24/3 1,4
      762 words
    • 580 19 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNION SOUTH AFRICA A VESSEL SINGAPORE 30/3 •to Reunion 11/4 Durban 16/4 Capetown 23/4 PtEfa 21/4 (also accepting East London and Maputo cargo) Lines U.S. NEST COAST SERVICE (a* .essets atso cad Longbeach Los Angeles 1 San Francisco) (atso accepting Fa and bulk cargo
      580 words

  • Page 20 Advertisements
    • 780 20 Kline KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES 1 TO NORTH AMERICA Cargoe» M acceptaM* tar Butoii St- Will PMsdcphu 4* tar Oattaid. Vancawtr Portland. Hotatan. G*«tan. No oritam. Icptaa. Itartak. BaManart. Satamah lack work TO EUROPE Spore P Kelang I Havre R'dam Hburg Bremen A»erp (accept* "P" t» «ta
      780 words
    • 607 20 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAMER/REEfER SERVICE Lm*( Mr: LOS ANEOES. SAM FtMCBCO. SEATTLE TACQMA. VANCOUVER. 8 C Acctptaf fa/fCI CwUin P Mant t A«t«n -a wsm ttrnm ak It Apr AUSTRALIA EXPRESS CONTAINER SERVICE Actap4M( Fa,fa CwtMwn P Mam Sport Rn MM *Or Syd Ff 12 Apr 13 Apr
      607 words
    • 724 20 PT I os A(in)ii|) SINGAPORE SHIPPING AGENCIES PTE LTD WTHfIOOR OCE AN BUILDING SINGAPORE 0104 MARKETING *****2 13 LINES* GENERAL *****1 14 L IMS TERMINAL Of FICE *****83 TELEX RS ***** RS ***** A B CARSMIP CABLE CARGOS«IP "•I'jl" iPillaJbael I't'jfiwiial Container Lilies WEEKLY CONTAINER SERVICE to/from BANGKOK :l' q,\
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    • 603 20 'KORINS MARITIME SERVICES 7 Hoom 60 1 'CB Building Way. Singapore Tel 22 1 6J22 *****7 MIODLE LAST/RED SEA/EUROPE SERVICES \\jT;SA*l Itk Lir\ts a m-nt** Ol It>e Samt« Grouc 0' Comajnes LINER SERVICE f ROM KOREA/TAIWAN HONGKONG TO SINGAPORE Mm Bmud HJleng Spore HM KOOK 1 Mm 7 Mar 14
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    • 624 20 4m INTRASEA (PTE) LTD Taber House 234E Orchard Road Singapore 9 Telephone *****11 *****57 WEVB NBIO3. reour nmmn service to eimope Spar* P. KMa* Nm| Lao** tar 7 Mar to tot BOULOGK/RUAM/ IK (MM) RTTRASEA (fit) LTD *****11 BOOK* *****57 YEO SMPPM I TRADM6 410(44. *****2. 4MS7I ma overseas mmtm
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  • Page 21 Advertisements
    • 585 21 TO EUROPE/UK (VIA SUEZ): K. CHANCE 2W 6/3 7/3 2 C. PAUL 26W 13/3 14/3 TW BRDGE 5W 19/3 20/3 C. RO2E 24N 24/3 25/3 1 K. lACEWON 12W 29/3 30/3 1 MERCATOR 22W 3/4 4/4 2 K. JACEJM 9W 8/4 9/4 2 Also accepting cargo to/trom Scandinavia K. CHANCE
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    • 196 21 t K \STKItN (AH I .IN Kit. I.TI). SOON KIAT SHIPPING PTE LTD 190S I 1906 19th Fk. Sh*«tor> Houm 3 Shtrrto* Na, Sport 0106 Tutpfcw ***** M <S lines) t 220R35 Ida K*****9 SKSMT REGULAR SatVttS TO EAST MALAYSIA I»W< «"t* ?0 torn derrick on board mtti K tore
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    • 279 21 TOKO LINE M.V. "MACARENA" V-l Arrived tttk-Fek-IMI a! Jaraag Part. Consigness of all damaged cargoes ex the above captioned vessel are notified that the Genera] Survey will be held on Thursday. sth March. 1981 at Jurong Port Codown No 1 from 10.00 am to 1.00 pm No further survey will
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  • Page 22 Advertisements
    • 371 22 GSA LINE Spore P Kelang Loading for: M.V. SEATRA Saied Sailed Durban/East London/ Capetown smgapore mo* «SENTS GRANARD SHAPING AGENCIES (S) PTE LTD. Tel: *****77 (5 Lines) *****37 (Direct) PKeUnf ONTS TRAOtNG SON BHD let. 3X7301/2, 3*6935 r A ANTOLL LINES M Li DIRECT B/Ls TO BRISBANE SYDNEY. MELBOURNE (GEELONGI
      371 words
    • 395 22 i t PRACHT L W (MALAYSIA) Pracht SDN. BHD. REGULAR INDEPENDENT CONSOLIDATION TO THE FOLLOWING PORTS:VESSELS ETA PORT KELANG LOADING FOR 2/3, 13/3, 17/3, 31/3, 15/4 Colombo. Bombay, Karochi 3/3, 8/3, 11/3, 19/3 Hong Kong, Taiwan, Morula 22/3, 28/3, 4/4 Jakarta, Tokyo, Yokohomo, Kobe 25/2, 27/2, 2/3, 7/3, 8/3, 14/3,
      395 words
    • 365 22 ft JOHORE SHIPPING LJr lfel !Al ON 11 NO S| l ANlii HAT ATI V: 4 81 HAYATI V: 5/81 HAYATI V: 6/81 HAMDAH V: 3/tl HAMDAH V: 4/81 HAMDAH V: 5/81 R»P»R PORT Ml IN iliß MO! fIYSIA HAJ SHIPPING SDN. BERHAD k Express Unrtload Service from P (Wang
      365 words
    • 354 22 KARLANDER (AUSTRALIA) PTY. LTD. hdapawtewt rtfulir contamr and breakbdk Mrvict la and fram East Austraian parts From Australia: KYOTO! (MRU ¥59 REGENT RUTH V«0 KYOSEI MARU m To Auatralia: Kyoten Mara V 3 TVN V 4 IMb Syifcity S'pare P.Kefanj 5/7 Mar 10/11 Mar 25/27 Mar 21/29 Mar S Apr
      354 words
    • 389 22 W OCEAN LINES REGULAR NON CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE (Also actepting cargo tor Riieka Bourgas Constanza subject to inducementi S pore P Aelang Penang Loading lor OCEAN DIAMOND VlO MB Omit OCEAN ACE N.13W8 7 Apr Port Said/AleMMfria/lirasMl P»aeus/Beirut/LaHalua/ —do— OWNED VESSELS SAGASIA PTE LTD. (LOWS DREYFUS GROVIPOF COMPANIES)
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  • Page 22 Miscellaneous
    • 153 22 Regional Weather S f 'A 1 m a iL>2 I sJli SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather s-J Wind direction with speed in knots Rain Wave height Goody Sky Sarf ace winds are Indicated by arrows which fly with
      153 words