The Business Times, 13 March 1981

Microfilm: NL10972
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 FRIDAY, MARCH 13,1981 60 CENTS
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  • BRIEFLY...
    • Article
      Government sworn in
      53 1 BANGKOK, Thurs. Thailand's new coalition government, blending military leaders, conservative politicians and non-partisan specialists, was sworn in by King Bhumibol Adulyadei here today. J The ceremony took place exactly a year after the swearing-in of Prime Minister Prem Tinsulanonda's previous coalition, which collapsed eight days ago after
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    • Article
      Lock icon No midnight cease-fire
      78 1 AP BEIRUT, Thurs. An Islamic goodwill commission failed to bring warring Iran and Iraq to declare a midnight cease-fire today, but the two Persian Gulf antagonists kept the door open for more peace-making efforts, a commission spokesman said. The announcement was made as Iran's second most powerful
      AP  -  78 words
    • Article
      Lock icon Border does not exist
      81 1 AP TEL AVIV, Thurs. Prime Minister Begin said Israel's pre-1967 war border no longer exists "and never will come back". In an election speech yesterday night, Mr Begin scorned demands that Israel withdraw to the old border, known as the green line, in the context of
      AP  -  81 words
    • Article
      Lock icon Issues to be discussed
      64 1 Reuter JAKARTA, Thurs. The Inter-Parliamentary Organisation of Asean and the European Parliamentary Union (EPU) will discuss human rights, trade, cultural affairs and political solidarity here from April 13 to 16. Indonesian parliamentary speaker Daryatmo said he expects the delegates to cover many political issues, including the
      Reuter  -  64 words
    • Article
      Lock icon Hijackers' threat
      70 1 UPI DAMASCUS, Thurs. The three Pakistani hijackers who are holding 102 people hostage in an aircraft said they will kill their three American hostages when today's deadline expires unless Pakistan meets their demand for the release of 92 political prisoners. Pakistan freed two relatives of the hijackers and
      UPI  -  70 words
    • Article
      Lock icon Elite guards for Bani-Sadr
      53 1 AFP TEHERAN, Thurs. President Abolhassan BaniSadr is to be given protection by an elite army unit which is being recruited. Teheran Radio quoted a military communique as saying the move was decided because of the duties exercised by Mr Bani-Sadr, who is also commander-in-chief of the
      AFP  -  53 words
    • Article
      Lock icon Libya buys missile system
      72 1 AP RABAT, Thurs. Libya has signed contracts with a West German company for the purchase of a medium-range nuclear delivery missile system by early 1986. Moroccan sources said the first trials of the system were carried out in the Libyan desert recently by the West German
      AP  -  72 words
  • Chief Price Changes
    • Article
      SINGAPORE
      136 1 Rises Indices G E Life Chem Ind F E Levingstoo Sel Properties Public Textile M Breweries Prima Hwa Hong D Keramat I C B Supreme Corpn 1700 400 655 1810 292 810 535 184 1670 950 620 100 40 35 30 22 20 20 12 10 10 10 B.T.Indicator:
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    • Article, Illustration
      KUALA LUMPUR
      154 1 Rises Indices Guinness 900 50 Mar 11 Mar 12 Malex 840 40 B.T.Index: *****9.77 *****7.23 M Text 650 35 Industrials: 1021.92 1015.86 P Text 318 +31 Finance: 1472.09 1455.61 Talam 620 30 Hotels: 530.30 529.31 Esso Ord 665 20 Properties: 1018.14 1005.54 M U Ind Falls Tins: {rubbers:
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  • Article
    Data system for leasing industry
    637 1  -  PROPOSAL UNDER STUDY By LEE YOKE MENG PUSHED by a renewed sense of cohesion, several of Singapore's finance companies, merchant banks and independent leasing companies are toying with the idea of a joint credit information system for the leasing industry. The 15-member pro-tem committee of
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  • Article
    Ruling on double tax deduction
    233 1 LOCAL export-oriented companies taking part in the Singapore International Fair will be able to apply for double tax deduction under the trade fairs scheme. The Department of Trade said this in a letter to the Singapore Manufacturers Association, the organiser of the fair which will
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  • Article
    Time ripe for laws on computer fraud
    472 1  -  By LILLIAN CHEW RELEVANT authorities in Singapore should start giving due consideration to enacting special laws relating to computer crime and introducing deterrent measures. Although the computer industry in Singapore is not as developed as in OECD countries, it is not too premature
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  • Article
    Raffles City tenders
    312 1 TENDERS for the foundation work and the building of a three-level basement for the $1 billion Raffles City will be called for at the end of this month. This second phase- of the mammoth city-within-a-city project, worth 190 million, has already attracted many large foreign contractors for
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  • Article
    Market index tumbles below 800 again
    303 1 UNEXPECTED selling la the taut half trading bur at the stock exchange yesterday sent the Straits Times Industrial Index tumbling beneath the 8M level to 7KJ4, a drip sf 11-84 points. Ills is the second ttme that the Index has dropped below 8M since
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  • Article
    Improved earnings at four companies
    448 1  -  By CHOO AI LENG THE latest harvest of corporate results announced yesterday were fairly promising judging by the healthy improvement in earnings of four industrial companies during the financial year 1980. The favourable results of Guthrie Berhad, Carlsberg Brewery (M), Roxy Electric Industries, and General
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      1 1 ITi»?k
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      81 1 That's squash For more ?h,in 120 years Grays of Cambridge have specialised in catting quality sports equipment T he racquet beating tris rame is acknowledged internationally 'or fine performance and balance Only the best materials are used in production Popularity iS SO great that different models a r e now
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      75 1 BRITISH budget under heavy Are BRUNSWICK locks U world market 7 KL-Kepong wants to eater property market....................... 13 SHIPPING TIMES PROPERTY stock values nor folly reflected 1J S'PORE dollar expected to have smoothest uptrend 14 HK growing fast as top market for S*pore g00d5......................... 14 CROSSWORD 8, TV AND RADIO
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      3 1 Leader...page Leader...page C
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      152 1 *1 >,i EJE3S HERMES SWISS PRECISION You get more value from the Hermes 808 than any other ordinary ball typewriter. The moment you insert a sheet of paper into the Hermes 808 electric ball typewriter, you know you're in the hands of a very special machine. There is no manual
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  • REGIONAL
    • Article
      Lock icon Tokyo economy records lower growth rate
      455 2 Reuter THE Japanese economy demonstrated its resilience to outside pressure last year by recording a relatively robust growth rate, although activity slowed considerably in the final quarter. Official figures show the powerful economy managed to shrug off the worst effects of higher oil prices,
      Reuter  -  455 words
    • THE REGION IN BRIEF
      • Article
        Lock icon INDIA FINDS MANGANESE
        410 2 Agencies INDIA has discovered a huge carpet of manganese nodules on the seabed located within India's economic zone. The nodules also contain nickel, cobalt and copper. The exact location of the nodules has not been disclosed because of international competition in ocean mining. THE ASEAN Iron and
        Agencies  -  410 words
    • Article
      Lock icon Turkey's support sought for conference on Phnom Penh
      296 2 Reuter MALAYSIA has asked Turkey to give its active support to efforts by Asean to get United Nations Secretary-General« Kurt Waldheim to convene an international conference on Kampuchea, a Malaysian Foreign Ministry spokesman said. Malaysian Foreign Minister Tengku Ahmad Rithauddeen made the
      Reuter  -  296 words
    • Article
      Lock icon Gu Mu for mission on cancelled contracts
      392 2 UPI CHINESE Premier Zhao Ziyang is sending one of his deputies to Tokyo soon to find ways of minimising economic losses from China's cancellation or suspension of millions of dollars' worth of contracts with Japan. The man chosen by Mr Zhao for the
      UPI  -  392 words
    • Article
      Lock icon KL takes stock of energy resources
      232 2 AFP MALAYSIA will soon undertake a detailed energy resource survey to take stock of its energy resources and the potentials for the formulation of a comprehensive energy policy. This was stated by the Minister without portfolio in the Prime Minister's Department, Datuk Pengiran Othman,
      AFP  -  232 words
    • Article
      Lock icon Manila to the rescue
      139 2 AFP THE PHILIPPINE government has set aside 1.500 billion pesos (about US$2OO million) to help financially-troubled industries meet their maturing short-term loans. The government's "bail out" programme of industrial companies will be administered by the Philippine Central Bank, which is allocating 500 million pesos of the
      AFP  -  139 words
    • Article
      Lock icon NISSAN MAY MAKE PASSENGER CARS IN AMERICA
      192 2 UPI NISSAN Motor of Tokyo is planning to start passenger car production in the United States at a site in Tennessee where the firm is building a small truck assembly plant. "There are possibilities that Nissan will produce passenger cars when small truck
      UPI  -  192 words
    • Article
      Lock icon Chinese plan for development of forestry industry
      340 2 AFP CHINA has adopted a unified programme for the protection of its forests and the development of its forest industry. The decision was made by the Chinese Communist Party and the State Council after taking into account the serious damage caused by tree-felling
      AFP  -  340 words
    • Article
      Lock icon Beijing denies trade with Seoul, Jo'burg
      218 2 AP CHINA has called reports that it is trading with South Korea- and South Africa "sheer fabrications with ulterior motives". The official Xinhua news agency said a responsible member of the Foreign Trade Ministry reiterated China's non-recognition of South Korea and its opposition to
      AP  -  218 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      845 2 ARRIVALS Service Local Operator Number Time From PAA PA005 0030 JEK SFO/HKG MAS MH601 0630 KUL SIA SQ580 710 MAA SLA SQ528 0710 DHA TMA TL341 0800 BEY/DXB SIA SQ101 0615 KUL MAS MH605 0830 KUL MAS MH621 0835 PEN RBA BI427 0930 BWN MAS MH671 0930
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      179 2 FIRST CITY NATIONAL BANK OF HOUSTON'S REPRESENTATIVE OFFICE IN SINGAPORE HAS JUST UNDERGONE A WELCOME CHANGE. Our Representative Office in Singapore is now a branch that specializes in energy planning. And that's a change we're pleased to announce. For now we can take deposits, manage trade financing and handle medium
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      179 2 GOOD NEWS FOR IMPORTERS %£ll^ t* *<> ks -4,1™ Pandair Freight announce their new comprehensive I S range of air freight i services from the UK to Singapore. A three tier service that will meet your deadline and your budget! Cargospeed Top class consolidation service for urgent freight. Four direct
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  • Page 3 Advertisements
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      449 3 DATSUN BLUEBIRD V Thel6oocc executive saloon There is no compromise Executive Features f 1 j TZ L JKM tv /j• n n I l u u aV iji id v» r Tilt steering column that can be adjusted up or down for the most comfortable driving position. Collapsible feature for
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  • RAW MATERIALS
    • Article
      Shipments of Straits refined tin from Penang for the month of February 1981
      81 4 DESTINATION THIS PERIOD Shipped tonnes Afloat tonnes Shipped tonnes Africa -.30 -.80 Australasia 5.00 15.00 Canada 1.86 5.00 6.86 Continent 2,315.50 76.00 5,350.50 India 202.615 606.115 Japan 1,901.00 377.00 3,478.00 West Asia 103.00 Pacific 183.00 91.00 432.00
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    • Article
      WHEAT
      177 4 WHEAT futures in Chicago on Wednesday closed on the high side of a 6'/i cent range, down four to 3 A cent a bushel in revived trade. Active sympathetic local short-covering following the rally in corn and soyoil took values further off day's lows, traders said. However,' prices finished
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    • Article
      SOYBEAN
      164 4 SOYBEAN futures in Chicago on Wednesday ended with pared losses, down '/2 to V/t cents a bushel in mostly local trade. Traders called late action a sympathetic local shortcovering rally following the recovery in corn and soyoil futures. However, steady commission house and local selling on trade anticipation that
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    • Article
      RUBBER
      220 4 THE Singapore market yesterday closed slightly lower with April One RSS buyers quoted at 273.50 cents per kilo, down 1.50 cents from Wednesday's close. Morning prices were marked down slightly on weaker London advices and lack of buying interest. The afternoon session was inactive but. levels eased slightly further
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      RAS PRICES
      289 4 RAS prices In cents per kilo-yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 257.00 268.00N Int. 1 R.S.S. April 273.50 274.00 Int. 1 R.S.S. May 277.00 277.50 Int. 2 R.S.S. 252.50 253.50N UK Cont 251.50 252.50N Int. 3 R.S.S. 247 00 248.00N UK/Coot 246.00 247.00N
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    • Article
      SSR and SMR
      116 4 NOON SSR and SMR prices yesterday RA8 April «•> (Carres! Mtk) (Forward Mtk) Buyers Sellers Buyers Sellers SSR 20 (1-ton pallet) ***** 244.50N 244JO 246 50N SSR 50 (ItM i pallet) ***** 241.00N ***** 243 OON MRELB April May SMR CV (1 toi > pallet 1 296.00
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      Straits Tin
      92 4 THE STRAITS tin price in Penang yesterday fell 29 cents to M 529.99 ft kilo, the lowest price since January 1979. The fnll takes the priee into the lower International Tin Agreement's range of $27.28 to $39.11, at which the buffer stock manager is required to be a
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    • Article
      CLOSING PRICES
      34 4 Rubber: March 12 Singapore: April: 273.50 cents (down 1.50 cents) Malaysia: April: 295.00 cents (down 1.50 cents) Tin: M 529.90 per kilo (down 26 cents) Official offering: 182 tonnes (up 2 tonnes)
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      Malaysian duty rates
      89 4 THE Malaysian Minister of Finance has fixed these rates for the period from Mar 12 until further notice: Ribker: 297 7 cents a kilo for RSSOne; Capra: MJ757.50 a tonne; Palm kernel: $955 75 a tonne; White pepper: $3,703.33 a tonne; Black pepper: $2,432.83 a tonne; The
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      Produce exchange
      179 4 CHINESE Prsdoee Exchange, Btappan, closing prices per 1M kg yesterday. CNnil ail: Bulk fob $117.00 sellers, old drum (in second hand drum) fob 1130.00 sellers, new drum fob 1136.00 sellers. Cspra: Mixed (loose) $66 00 buyers.. Pepper: Muntok white pepper fob Asta NLW $420.00 sellers. Sarawak white pepper
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    • Article
      TEXTILES
      167 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Csttss yarn: China Blue Phoenix 20s 2,300; 32s 2,800. 40s 3,040 (per bale of 400 lbs). Pleee gssis: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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      RICE
      337 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.08, 100 per cent third class 1.05, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80. Special
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      LONDON MARKETS
      829 4 COFFEE: Robusta futures yesterday closed the morning slightly steadier, with gains from Wednesday of £3 to £6 a tonne. The market had opened up to £4 lower, turnover was 329 lots, including four options and around 70 lots of cross trades. Dealers said light mixed trade and broker
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      PALM OIL
      128 4 IN THE Kuala Lumpur market yesterday, values continued slightly easier on lack of buying interest in quiet trading, dealers said. The southern region eased Mslo to $970 a tonne with May unchanged at $960. The refined market continued featureless despite Pakistan purchasing another 5,500 tonnes of refined bleached
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  • ASIAN STOCKS
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      Market average falls
      601 4 TOKYO THE market average of the Tokyo Stock Exchange yesterday fell a sharp 58.48 to below the 7,000 mark for the first time in six months, ending at 6,986.39 under pressure from profit-taking, dealers said. The Tokyo Stock Exchange index fell 2.92 to close at 504.00 in
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      Hongkong
      289 4 THE upward momentum established after Wednesday's sharp opening continued yesterday. Buyers were out in force from the opening and they continued to buy throughout the day. Any profit-taking was quickly absorbed. Blue chips remained in the spot-light as institutions 'added stock to their investories at what semms to be
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      Sydney
      296 4 A TECHNICAL reaction yesterday after five days .of successive rises and lower world gold prices sent selected major mining and energy stocks drifting lower in light trading although industrials were firmer. The All-Ordinaries index fell 4.9 points to 662.4, the all industrials was up 1.1 points to a year
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      Bangkok
      230 4 MAR IS Bahu A* Credit HI uocb Ajfe Fibre 143 4-9 Anitbajra In* And Trust Bangkok Investment Bangkok Bank Z 3M uncb Bangkok Drying AMSUo ■m. Bangkok Insurance Bangkok Metropolitan Ban 400 ♦I Bangkok Nylon Bank Of Asia 110 Bank Of Ajrudhayt M 151 •1 BaU Bert) Jucker Carpet
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      Manila
      89 4 MAR 12 Paoa Aco)* Mining AUa* Con A AUaj Con. a 006 1MB "unch -%M Bagnio Ookl Imiet Con B BP Ooodrlch CDCP Inco B. 006 to 11JD ■neh +04uncb unci Lepanto B ISO o<m~ Marinduque B Manic* Oriental A OrttnUl B PhU Owiwu PtlOex A Phllex B 11
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      Selected indices
      53 4 FINANCIAL TIMES INDUSTRIALS Wednesday 47CU) Tuesday •MJ. Week Ago SOQuB. DOW JONES AVERAGE INDUSTRIALS Wednesday 9B7.87 Tuesday VT1M Week Ago 971.4» U.K.HANG SENG Thursday 1347« Wednesday 1295.H Week Ago l»2 AUSTRALIAN INDUSTRIALS Thursday 094 8 Wednesday ••8.7 Week Ago MO O ALL ORDINARIES Thursday A62.4 Wednesday 4673 Week
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  • Page 4 Advertisements
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      102 4 Every trip to Norlti America deserves a Wonderful Copenhagen When you are flying nearly half way around the world, you deserve a break en route in Europe's most delightful city. Relax with the Danes in their cozy, candlelit restaurants. Join them on Europe's longest shopping street. Sightsee medieval castles and
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  • OVERSEAS 1
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      Lock icon Haig scuttles possibility of early summit with Moscow
      320 5 UPI UNITED States Secretary of State Alexander Haig has virtually scuttled a summit meeting with the Soviet Union on the grounds there are still too many unsettled international problems needing clarification. Mr Haig said on Wednesday that there would first have to
      UPI  -  320 words
    • Article
      Lock icon Bank of England refuses to handle escrow account
      223 5 AP THfc BANK of England has refused to handle a US$l billion escrow account called for by the US-Iran hostage release agreement. The Washington Post said yesterday that US government sources were saying the British bank's decision was prompted by fears that
      AP  -  223 words
    • Article
      Lock icon Call to West to arm the Gulf states
      600 5 Reuter AP SAUDI Arabia has asked the West to extend military aid to Gulf countries. The official Radio Riyadh said on Wednesday that the West should stop talking about defending the Gulf and give arms instead to the countries in the region
      Reuter; AP  -  600 words
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      Lock icon Sadat stipulates size of Sinai truce force
      256 5 AP THE SIZE of a proposed international force to patrol Egypt's Sinai borders with Israel should not exceed 2,000 men, President Sadat of Egypt was quoted as saying to his Foreign Minister, Kamal Hassan Aly. Mr Aly indicated that the force would be
      AP  -  256 words
    • Article
      Lock icon Lambsdorff asks US and Europe not to resort to protectionism
      286 6 Reuter WEST GERMAN Economics Minister Otto Lambsdorff has warned Europe and the United States against raising protectionist trade barriers to prop up their faltering economies and called on Japan to exercise "a sense of proportion" in its export policy. In
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      Lock icon British budget comes under heavy fire
      625 6 Reuter AP .THE British government's tough annual budget came under fire on Wednesday from nearly all sides, including some leading politicians of the ruling Conservative Party. They joined industrialists and the opposition Labour Party in denouncing the government for imposing harsh tax increases on
      Reuter; AP  -  625 words
    • Article
      Lock icon Sea treaty may not have to be overturned says Waldheim
      303 6 Reuter THE United States says its need for more time to study the draft Law of The Sea Treaty does not mean the document must be renegotiated, UN Secretary-General Kurt Waldheim said early this week. He said that James Malone,
      Reuter  -  303 words
    • Article
      Lock icon Reagan says US will revitalise economy
      381 6 AP PRESIDENT Reagan ended a two-day visit to Canada with a promise to revitalise the US economy, regain the respect of its allies and oppose "Soviet adventurism around the earth". In a televised speech before the Canadian Parliament on Wednesday, Mr Reagan confessed that,
      AP  -  381 words
    • Article
      Lock icon STOCKMAN EXPECTS US ECONOMY TO WEAKEN
      154 6 AP DAVID Stockman, the US Budget Director, said he expects a weakening of the US economy through the first half of the year, led by a steep slide in housing. In an address to a gathering of Wall Street executives, Stockman predicted "a substantial
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    • Article
      Lock icon EEC exports to China fell sharply last year
      398 6 Reuter EUROPEAN Economic Community (EEC) exports to China fell sharply last year, reflecting recent changes in Chinese economic policy, EEC Commission sources said. EEC exports to China were worth US$2.6 billion last year, compared with $3.3 billion in 1979, a fall of
      Reuter  -  398 words
    • WORLD IN BRIEF
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        Lock icon NORTH-SOUTH DIALOGUE
        541 6 Agencies PREPARATORY talks for the North-South Summit scheduled for this summer in Mexico begin today in Vienna, as the US apparently hardens its attitude to the Third World. The foreign ministers of five industrialised countries and six developing countries will seek to lay down the aims and framework
        Agencies  -  541 words
  • Page 5 Advertisements
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      450 5 The computer system of the future is here today. THE SPERRY IrNIVAC SYSTEM SO. The result of four years of research and careful listening to the needs of the small and mediumscale computer user, the System SO cannot be overlooked by any company whose expanded operations and growth have demanded
      450 words
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      102 6 W?' 8§& ••>' >■ f Mm Stop the presses. Announcing the onset of offset quality in duplicators. The versatile Xerox 9200 goes beyond conventional copiers to a standard of quality, a fidelity of reproduction, previously unknown. 2 a second, faster and greater dissemination of information is possible, higher productivity goals
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  • TRADE AND INDUSTRY
    • Article
      Acmil makes headway
      244 7 WITH the recent acquisition of GPG (SEA), the Australian-based Acmil group now owns the largest production facility for injection moulded plastics in Singapore. Acmil, which acquired Technomer Plastics in 1978, bought GPG for $3.9 million last November. The Technomer plant is now being moved into the premises
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      PEOPLE IN BUSINESS
      213 7 CHEMICAL Bank has appointed Colin G T MacArthur regional manager for the bank's operations in South and South-east Asia. Mr Mac Arthur will be based in Singapore. Aged 40, he joined Chemical Bank in 1976 as deputy Sydney representative, covering the bank's business in Australia, New Zealand
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      Trade with Canada expected to grow
      205 7 COUNTRIES in the AsiaPacific region will become increasingly important as tiding partners of Canada in the 1980s. E P Neufeld, senior vicepresident and chief economist of Royal Bank of Canada, said the region is likely to be the fastest growing area in the world
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    • Article
      MEMO PAD
      368 7 SEMIN ARS AND COURSES Mar 19-20: Credit Management, Hilton Hotel, Acumen Credit ServT ices Mar 19-20: Effective Sales Management. Hyatt Hotel, Price Waterhouse Associates •> Mar 19-21: Breakthrough Large Sales in Turbulent Times, SIM Conference Room (3rd floor. Thong Teck Building), Singapore Institute of Management Mar 22-25: Regional
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    • Article
      RR ready to share gas turbine technology
      212 7 A SIX-man delegation from Rolls-Royce of the UK is in Singapore as part of a South-east Asian visit to introduce the latest gas turbine technology to the local market. A member of the delegation said the company is willing to consider components and
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    • Article
      TRADE TALK
      144 7 THE Ministry of National Development has amended the figures for the value of new projects approved by the Building Control Division for the last quarter of last year from 5330.4 million to $482.7 million. This brings the total estimated cost of new projects approved during the whole year
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    • Article, Illustration
      FOUNDATION OF AN $800m CITY
      87 7 FROM this gaping depression of yellow earth and boulders will rise Singapore's $800 million futuristic Raffles City. Excavation to prepare the site for foundation work and construction of a three-storey basement is nearing completion. The $18-million excavation phase undertaken by Ssangyong Construction, a South Korean
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      TOWNHOUSES AND MAISONETTES
      322 7 ALMOST 100 townhouses and maisonettes will be built on 24,852 square metres of land at the corner of Lorong Chuan and Ang Mo Kio Avenue 1 in about two years' time. This is phase six of the Golden Hill residential estate. Phases one to four are located
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    • Article
      Brunswick looks to world market
      448 7  -  By WONG AI KWEI BRUNSWICK, a Chicagobased company with interests in sporting, medical and marine industries, is making greater efforts to promote its bowling equipment and accessories worldwide. Brunswick president Aaron Deskins, who is in Singapore to introduce Brunswick's 2000 system for bowling centres, yesterday
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      41 7 a Wi m r J I%^ > A V v-\ L»«. IK 51 s//=i 55/ >. •Mil r»fc s'-TOfc^ *r t r. 4 V >••»•. World-wide, life-long guarantee G36 Ground Floor Lucky Plaza Orchard Road Gl9 Far East Shopping Centre Orchard Road i (t\
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  • Article
    A new lease of life for leasing
    342 8 IT IS heartening to note that the leasing industry is taking further strides to develop itself, even if it means running headlong into a controversy. What is new is frequently controversial. The computer age is only just dawning in Singapore, and a computerised
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  • Article
    Modern crimes need modern laws
    336 8 AN INCREASINGLY complex world means an ever growing volume of data that has to be collated, processed and digested. The computer has thus become an indispensable tool in business and in government. The Singapore Government has shown a commendable vision of the future by focussing
    336 words
  • Article, Illustration
    SEVEN SUGGESTIONS
    567 8 THE SECURITIES Industry Council (SIC) has made seven provisional recommendations for the domestic equity market. In essence, they are aimed at Increasing the number of companies listed on the Stock Exchange and raising the standard of Investment research of local stockbroking firms. The first possibility mooted to expand
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  • Article
    SES expansion
    1229 8 THE recommendations put up by the Securities Industry Council (SIC) to increase the size and depth of the local equity market may appear demanding, albeit inexacting. Business Times has interviewed brokers, investment analysts, fund managers, merchant bankers and other people likely to be affected by any changes that
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    THE SIC STUDY A LAUDABLE EFFORT
    1377 8  -  The task, undeniably, is immense. But the job gets done, and admirably so too. The Securities industry Council (SIC) has compiled its list of changes which will have wide implications on the local stock market and fund management industry. j CATHERINE ONG has the
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  • Article, Illustration
    HIGH COMMISSION
    1337 8 THE LOCAL, banking commt&i ty, predictably, speaks in uniaar on major issues posing as stabling blocks to the growtt£L.<tf Singapore into internationally-acclaimed finffjicial centre. With that same solidarity, Jt pointed out that the brokerage commission charged by local stockbrokers does not encourage institutional participation in the market. Compared
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    Entry of foreign brokers
    1206 8 PERHAPS the most controversial and the one most likelyUo upset local brokers is the Securities Industry Council (SlC)'s proposal that reputable foreign broking firms be admitted into Singapore on a selective basis. As the law now stands, foreign brokers seeking to deal in local securities on
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  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      546 8 I -IH-OIE CROSSWORD CRYPTIC PUZZLE ACROSS Train? Yes and no (5) Vessel returned from a State grab (5) When to avoid work religiously? (7) Shut up (in a metal box)! (3, 2) More than a limb of the law (5) They keep people going (on wheels?) (5) Labour supporter? (7)
      546 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      14 8 Bristcw: F»nk BicfcenS LOWCH \N TH6,PP«<? ONOOGH For lunch in thC pp*2< O J
      14 words
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  • Article, Illustration
    Will increased institutional participation be beneficial?
    929 9 LOCAL stockbrokers are in agreement that the Singapore stock market is predominantly a 'small man' market. They said this conclusion is based on gut feelings rather than cold hard statistics on the distribution of shareholdings of quoted companies. The only official figures from a
    929 words
  • Article
    Duties of the SIC
    149 9 THE Securities Industry Council (SlC)'s terms of reference are:— o Advise the Minister on ail matters concerning the securities industry including the administration of legislation particularly on the protection of investors, o Advise the Committee of the Stock Exchange on matters referred to it and to
    149 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      780 9 STORY OF LOVE AND PAIN "LOVE AND Pain And The Whole Damn Thing" is a TV movie which revolves round the relationship between a young man and a middleaged spinster in Spain. Timothy Bottoms and Academy Award winner Maggie Smith play the leading roles in this sometimes humorous but on
      780 words
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  • BANKING AND FINANCE
    • Article
      INTERBANK MARKET SETBACK
      606 10  -  by ALVIN TAY THE LOCAL interbank money market took another severe beating yesterday with overnight rates closing at one per cent and onemonth money suffering a sharp h percentage points loss. Overnight rates for local dollars closed at 12 1 1 per cent on Monday, but eased
      606 words
    • Article
      Lock icon Contributions to IMF
      236 10 Reuter THE International Monetary Fund (IMF) has asked central banks of 18 to 20 noncommunist industrialised nations for contributions totalling one billion SDRs to boost fund liquidity, central bank sources said. IMF managing director Jacques Delarosiere has said the fund is seeking to raise six to seven
      Reuter  -  236 words
    • Article
      Credit for Asia Brewery
      94 10 MARINE Midland Bank has arranged and lead managed a (JSSM million mediumterm financing for Asia Brewery Incorporated of the Philippines. The financing will be used for completing a brewing and bottling plant. The syndication has been structured by Marine Midland's merchant banking group as a deposit
      94 words
    • Article
      Lock icon Samurai bond
      203 10 Reuter JAPANESE underwriters have agreed to two issues of Samurai bonds per month with a total maxiumum value of 40 billion yen, or, in the case of the World Bank tapping the market, 50 billion yen, securities market sources said. The policy, which applies to yen bond issues
      Reuter  -  203 words
    • Article
      Rules for overseas set-up
      367 10 THE JAPANESE Finance Ministry is considering modifying its 1974 guidelines for the establishment of overseas securities companies by Japanese banks as their locally-incorpo-rated subsidiaries, banking sources said. The information has been supplied to the banks apparently to induce tbem to agree to its draft bill for
      367 words
    • Article
      Lock icon BOJ RATE CUT
      70 10 UPI THE BANK of Japan has decided to lower the official discount rate next week by 0.75 per cent to 6.5 per cent. Sources said the central bank will convene a board meeting on Monday to formalise the third discount slashing step since the central rate topped
      UPI  -  70 words
    • MONEY AND EXCHANGES
      • Article
        HONGKONG
        182 10 THE US dollar yesterday eased against other major currencies in quiet late trading, dealers said. The easing in Eurodollar interest rates and the news of a cut in broker loan rates in the US by one bank prompted the dollar's movement. although trading was generally in a narrow range
        182 words
      • Article
        GOLD
        224 10 SINGAPORE gold futures yesterday closed slightly lower compared with overnight levels, after fluctuating marginally in quiet trading, dealers said. Total sales for the day was recorded at 123 lots. Prompt closed slightly weaker at U*****.50 480.50 an ounce against 479 482 on Wednesday, April at 482.70/483.20 against 483/ 484
        224 words
      • Article
        Silver quotes
        44 10 *4 Tin New York 11 70B 11 95B 12 (MS 12 25S Zurich 11 COB 12 15B 12 00S 12 55S Than Singapore 11 75B 11 90B 1215S 12 30S Closing prices in US dollars a troy ounce Source: Credit Suisse, S'pore
        44 words
      • Article
        Frankfurt
        47 10 FRANKFURT exchanges opening quotes on Mar 12: US 2 1085/1100 Stg 4 665 675 Can- 1.7601 21 DF1 90.34 47 SFr 109.27 44 Lit 2060 65 F Fr- 42.39 44 N Kr 39.11 18 B Ft (con) 6.093 102 B Fr (fin) 5.940 960 Yen 1.0180
        47 words
      • Article
        PLR
        22 10 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.4 per cent.
        22 words
      • Article
        ASIAN $ RATES
        198 10 ASIAN RATES ASIAN currency deposit interbank rates as at close on Mar 12. US Dollan(Spot) Offer Bid 7 days IS'. 15'• 1 month 15 7/16 155/16 2 months lS't J5 1 3 months 15' i 15** 6 months 15'» 15 J 9 months IS' 15'* 12 months IS'. 15". Sw.Fn
        198 words
      • Article
        Discount
        6 10 MMH Source: National Discount Co
        6 words
      • Article
        London
        87 10 THE dollar yesterday staged a slight recovery after opening easier against major continental currencies in but softened against sterling. Opening quotes yesterday: US 2.2145 55 Can 2 6546 74 Cross 1.1976 79 DMk- 4.6750 800 D F1 5.1700 50 S Fr 4.2775 850 B Fr 76.62 70 F Fr
        87 words
      • Article
        Continued decline
        1276 10 NEW YORK STOCKS TAKEOVER news and speculation on Wednesday pushed a few New York stock market issues sharply higher but overall prices declined in moderate trading, extending Tuesday's late slide. Analysts attributed the weakness mainly to profittaking after recent gains, particularly by blue chips. News of a smaller
        1,276 words
      • Article
        Singapore market
        516 10 ACTIVITY in the local market yesterday was moderate. The US currency eased against most major currencies compared to its performance on Wednesday. However, it strengthened against the local unit. The US dollar opened at 2.0985 20 against the Singapore dollar. Not much movement was observed in the morning,
        516 words
      • Article
        TOKYO
        140 10 THE US dollar for overnight delivery yesterday closed at 207.15 yen, compared with a 207.00 opening here, a 207.20/40 closing both in New York and on the West Coast and a 207.75 closing here on Wednesday, dealers said. Trading was moderate with volume US$949 million. The dollar fluctuated narrowly
        140 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      156 10 No other hotel in Penang can give you a convention like the Rasa Sayang. ■X > L '£> -*uMMIWM m I i 1 -t; 33! j m r v r J V jt t We take your convention seriously. That's why we have the finest meeting facilities in Penang. Seven
      156 words
    • Advertisement
      Page 10 Advertisements Column 2
      38 10 Enjoy the best beef in town Business Lunch at the Shima Restaurant Goodwood Park Hotel Japanese cuisine Teppanyaki, Sukiyaki, Yakiniku and Shabu-Shabu At the Shima where else. Goodwood Par* Hotel 22 Scotts Road Singapore 0922 Tel: *****81/2 f
      38 words
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  • INTERNATIONAL STOCKS
    • Article
      TORONTO
      207 11 MAR 1J C» AblUbl Aican Alfoma Bank Mont Bank Not* Scotu Bell Tel Beth Corp BP can Ltd... Braacan Camp Red Lake Can imp Bk Canpac Canpac In* Pf Car ling OXeefe Comlnco Con» Bath Con* Marbenor Dankoe Denlaon 32 43 45* 30 20* U* 40* 32* 3* 30*
      207 words
    • Article
      JOHANNESBURG
      308 11 MAR 11 Rand INDUSTRIALS A Alpha 380 unch Abercom 330 unch AE And CI 825 ami r 2500 unch Barlows 985 uncn Cg Sugar 1650 unch CNA Currte Finance 220 5 De Beers Ind 2A50B Edcon 570 4-5 Edgars ***** unch Eve ready Fed Volk 465 5 Fuglt 235
      308 words
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        184 11 MAR II ru ABN A4 00 -2 Ahold 71.10 -fl-8 Akao 18-30 -01 Aiirv >1-20 ♦0.7 Amfu 106.00 ■2J Amrobnk Mao -02 Bcnou Berk >1.00 «SA0 -1 0J Bo Is 53.10 -07 Boriumij 215.00 unch Burhmann 56 10 -01 Byenkorf 3800 ♦a« C aland 28-90 0.1 Calte Delft 180
        184 words
      • Article
        Paris
        266 11 MAR 11 rra CORBEILLE Alr-Llqulde B 8 N Ocmli Danone CSr (Thomson Stesc (3m Pe troles Comptfnle Financiers Compafnte Gene rale ***** 1030 375 225 90 -8.9 -19 4-2 •1.1 ♦n Credit Foncler Dt France Hachette (Llbralrle) Machines Bull Mlchelln (B) Ptrtbu Pechlney Clglne Kutilmtnn 400 3(1 59 750
        266 words
      • Article
        Frankfurt
        219 11 MAR 11 Dm Aec-Teiefunken 61 JOB Akao 18 90 A 111 Leben 1006.00 -100 AlU Ven 465 00 43 BASF 127 JO 0.2 Bay H T Wbtnk ***** Bay Vbank 284 00 ma but 342.00 BMW 154J0 •f 0.5 CuwIU ***** -3 Chem Verw 233 00B Commentant 133-306 ConU
        219 words
      • Article
        Brussels
        87 11 MAR U Fn FORWARD MARKET Aecc 254 +4 Arbed 1190 .34 Astur 380 unch Braacan on Bru-Lamb Me +16 Canpac 1300 -10 Cock 183 De Bc«n 290 -8 1000 -10 Elcctrobel 3156 isao 15 Ob-Inno-Bm unch 0*v 1300 Hobok 2210 10 Petro 46S0 -ao Ryl Dutch Sldro 1124 Soc
        87 words
      • Article
        Zurich
        179 11 Francs Actions 8ul»es 2M -J Aliuulaw Br. IMS +5 Alusulsse Ret 432 -S Brown Bovert Br. 13T0 -S 2*'®' 1060 unch 25? p c +10 Oba Oelo R«* 564 unch Credit Suisse Br +15 Credit Suisse Reg 441 .1 Elektrowatt Br. 3400 -10 Oeorfe Fischer Br 710 -10 Olobut
        179 words
      • Article
        Milan
        101 11 MAR U Lire Anlr 1130 unch Assoc Gen *****0 1800 Buior 720-25 9 Centraie ***** 4- 2500 Plat 2380 10 Flnsidcr mn 0 25 Oen Immob 2345 106 in Prl 6420 4 120 Italcementl cram -wo Italfms 1085 5 Itxlslder 301 Macneu M Pf OS 15 Mmrelll Ere *****
        101 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      644 11 Where to wine,dine and entertain i 1 he American Express Card. Don't leave home without it. Be in vogue LiDiarv' Very exclusive. Very different. Very private. It's disco and more. 4 V QW '/yf/M l« IK« tndiliM s(fWf<r;r. for n)"nn,it:.>n i»'«.«rv fitu ids. t»>! 7,'.744!1ext 721 King s den presents
      644 words
    • Advertisement
      Page 11 Advertisements Column 2
      168 11 See Page 4 for Asian stocks and Page 10 for NYSE prices ftfc as good as going to Bangkok. V*." f V 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
      168 words
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  • Article
    BUSINESS DONE ON THE SES AND THE ELSE
    1980 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 COMMERCIAL Acma (3.505) Allied
    1,980 words
  • Article
    Unit trusts
    172 12 SINGAPORE UNIT TB18T OUB-MONTAGL iNmpn' prices l*r MJU rlt) (Managers' prices Isr Mar 13) The Commerce 3.72 3.91 Union Spore Fund 1.49 1.52 The Savings Fund 2.07 2.18xd S pore Prog Fund 1 59 1.67 INCOME BOND UNIT S pore Sec Fund 2.41 2.53 (Cmrrest pr Ires) S
    172 words
  • Article
    SHARE INFORMATION SERVICE
    2800 12 Gr's Gr's Net 1MOIAA1 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr (000) High Low SECTION ONE a INDUSTRIAL Sk COMMERCIAL 361* 238* Acma 352 14.5 2.8 4.1 14.3 300 220 Alcom 300 12.0 2.5 4.0 17.0* 184 116 Allied Choc 170
    2,800 words
  • Article
    In Kuala Lumpur
    2141 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. INDUSTRIALS Alcorn (3.OQS) Ale* held (2.158) A Char (1.728) AMD (2.255) (28
    2,141 words
  • LATEST RESULT
    • Article
      Lock icon CARLSBERG Brewery Malaysia Bhd
      73 12 Reuter has reported a net 1980 profit of MsB million ($4.81 million previously) on a turnover of $101.5 million ($78.03 million). The profit is after a tax charge of $4.93 million ($3.59 million) and depreciation charges of $2.62 million ($2.02 million). A final dividend of 15
      Reuter  -  73 words
  • Article, Illustration
    Last minute selling bout hits market
    711 12 YESTERDAY'S gradual recovery was nipped In the bad by a bant of selling In the last halMwar of trading, sending the Straits Times Industrial Index below the m level to 7M.N, a 11.84point loss from previous day's close. The morning and early afternoon sessions
    711 words
  • Article
    Prices driven lower in KL
    622 12 THE bears were back at work on the Kuala Lumpur stock market yesterday and prices were driven gradually lower. Despite a recovery in the Hongkong market, sentiment remained weak for the greater part of the morning although some attempt was later made at holding up
    622 words
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  • COMPANY NEWS
    • Article
      Property stock values not fully reflected
      998 13  -  r Market Talk... By RUTH CHENG ALTHOUGH property is now the backbone of the market, its escalating values are yet to be fully reflected in share prices. In addition, the present shortage of prime office property in Singapore and Kuala Lumpur is not likely
      998 words
    • LATEST RESULTS
      • Article
        ROXY Electric Industries'
        92 13 pre-tax earnings for the year ended Sep 30, 1980 have risen sharply to $6.83 million against $4.09 million previously. Turnover, however, improved slightly to $44.92 million from $43.04 million. Profit after taxation amounted to $3.73 million compared with $2.39 million previously. In view of the good results,
        92 words
      • Article
        GENERAL Lumber
        47 13 has made a commendable turnaround for the year to Sep 30, 1980, reporting a pre-tax profit of $1.2 million against a group loss of $70,000 the previous year. Net profi-t after tax amounted to $1.06 million compared with the previous year's net loss of $99,000.
        47 words
    • Article
      Lock icon HSBC's huge rights issue surprises many
      325 13 FT THE Hongkong and Shanghai Banking Corp has taken its shareholders by surprise with the announcement of a rights issue to raise HK$2 billion It will be the largest rights issue ever undertaken in Hongkong and the first by the bank since the early
      FT  -  325 words
    • Article, Illustration
      KLK wants to enter property market
      765 13  -  By THE CITY STAFF KUALA Lumpur-Kepong is actively seeking investment opportunities in the property development market, possibly on a joint-venture basis. Chairman Lee Loy Seng said in his annual review that the group is also in the process of reorganising and streamlining its» UK-based
      765 words
    • Article
      Lock icon No monopolies referral for H & C
      91 13 No monopolies referral for H C Reuter THE British Trade Department said there will be no Monopolies Commission referral for Harrisons and Crosfield.Ltd's offer for the shares in London Sumatra Plantations Ltd not already held Harrisons and its subsidiaries already hold 46.6 per cent of London Sumatra. London Sumatra is
      Reuter  -  91 words
    • In Hongkong...
      • Article
        HONGKONG Shanghai Banking COrp
        85 13 has an- nounced an after-tax profit of approximately HK$l.43 billion ($l.Ol billion previously), after transfer to inner reserves, for 1980. A special interim dividend of $0.47 will be paid, in lieu of a final, at a total cost of *23.69 million. The bank plans a one-for-four
        85 words
      • Article
        SUN Hung Kai Finance Co
        105 13 has announced a consolidated after-tax profit of HK560.07 million ($40.10 million) for 1980. Earnings per share were 42 cents (33 cents). A final dividend of 13 cents, making total 20 cents (11 cents), will be paid. The company's books will close on April 7 to
        105 words
      • Article
        AMOY Canning Corp
        40 13 has announced an unaudited consolidated net profit of 11.71 million, for the six months to Dec 31,1900. An interim dividend of 3 cents (same) will be paid. Its books will close on March 23 to April 3.
        40 words
      • Article
        SINO Realty Enterprises
        58 13 will float off property assets into a new company to be called Sino Land Co, market sources said. They said the company plans to issue 200 million shares at 11.80 each tor raise $360 million and there will be one warrant issued with every two ordinary shares.
        58 words
      • Article
        AN AGREEMENT
        141 13 has been signed for an eight-year medium-term syndicated loan for the Maeaa Hstei Cs, manager Wardley said. The loan is in two tranches, one of US$l2 million and the other HK$l6 million. The US dollar tranche is being provided by Wardley International Bank. Bank of Scotland, and BNS
        141 words
      • Article
        HONGKONG Aircraft Engineering Co
        125 13 has announced a final 1980 dividend of 35 cents ($2.65) on the capital enlarged by two-for-one share split followed by a five-for-two bonus and one-for-four rights issue made last year. A Swire group subsidiary, the company's books will close on April 28 to May 8. The
        125 words
      • Article
        A TEN-YEAR
        79 13 $15 million loan agreement has been signed by the Republic *f Nun Finance C«rp, Asia Pacific Capital Corp said. It said the loan, of which $10.3 million is being provided by Citibank and $4.7 million by the US Eximbank, was used by the Nauru Finance Corp to purchase
        79 words
      • Article
        Lock icon A MEDIUM-TERM
        96 13 Reuter $150 mil- lion loan for Dsrfolk Investments, part of the privately owned Chinachem group of Hongkong, has been signed, agent Westlb Asia said. The loan is for a maximum of 2' 2 years and interest has been set at 1'« per cent over Hongkong interbank offered rates.
        Reuter  -  96 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      881 13 NOTICE GUTHRIE BERHAD (Incorporated in the Republic of Singapore) PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 1980 The audited results of the Group for the year ended 31 December 1980 are set out below. 1980 $000 Group Company 1979 $000 Group Company Note: Operating profit is after
      881 words
    • Advertisement
      Page 13 Advertisements Column 2
      204 13 From now on the others will have to try harder! This is what car rentals are all about. We offer as near perfect a service as you'll ever get. Because the only cars we rent out form part of our franchise range. Which means that every car rented from us
      204 words
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  • Article
    Lock icon Bernard Chen hits out at trade curbs
    356 14 Reuter THE MINISTER of State (or Pefence, Mr Bernard Ched, yesterday criticised the policies of developed countries in restricting imports from developing countries in order to solve their economic problems. Mr Chen, Singapore's chief delegate, told the annual conference of the Economic and
    Reuter  -  356 words
  • Article
    HK growing fast as top market for S'pore goods
    336 14 HONGKONG is fast becoming an important market for Singapore's exports. The British colony imported $402.7 million worth of goods from the Republic in January, breaking the $400 million mark for the first time. This placed Hongkong in second spot among top
    336 words
  • Article
    Lock icon SINGAPORE DOLLAR FORECAST TO RISE SMOOTHLY
    225 14 AFP THE SINGAPORE dollar will this decade have the smoothest nptrrnd against the US aalt. The. Australian currency will also be very strong while the Hongkong dollar will he one of the weakest currencies. This assessment was given In Hongkong yesterday by Mr Mark
    AFP  -  225 words
  • Article
    Lock icon Son Sann seeking US support for exile government
    382 14 AFP FORMER Kampuchean Prime Minister Son Sann is seeking military, financial and political backing from the United States for his efforts to set up a government opposed to both the Khmer Rouge and the Heng Samrin regime in Phnom Penh. The chairman
    AFP  -  382 words
  • Article
    Lock icon IBM denies buying Japanese computers
    131 14 Reuter INTERN ATlONALBusiness Machines of the US has denied reports that it is considering buying small computers from a Japanese company. IBM said the reports are untrue although it has, from time to time, negotiated with Japanese companies for the development of peripheral devices. Matsushita
    Reuter  -  131 words
  • Article
    LONDON STOCKS
    788 14 LONDON, Thurs. The market moved higher today, with interest centred on the 011 sector following annual results from BP and Royal Dutch/Shell, dealers said. At 3pm, the Financial Times index was up 7.4 points at 477.4. BP and Shell added 24p and 26p respectively while Royal Dutch moved
    788 words
  • Article
    Lock icon DOW JONES REVERSES DECLINE
    106 14 AP NEW YORK, Thurs. The stock market turned upwards this morning, reversing the decline of the past two sessions. The Dow Jones average of 30 industrials, off 8.75 points on Tuesday and yesterday, recovered 3.78 points to 971.45 in the first half hour. Advances took a
    AP  -  106 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      582 14 have a history of making money grow Jg£ Lombard North Central is part of j j one ofthe world's largest banking =1 groups and we have a history whcHHTf 5 11 covers more than ICX) years. I? |S fl| tfl We offer a range of deposit fil ll lUff schemes
      582 words
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      Page 14 Advertisements Column 2
      96 14 Frankfurt en route to Amsterdam, on time, on Lufthansa. I 1 ZAiWMm bihhhhbhihihi You can leave Singapore at 2205 hours every Monday, Wednesday and Friday for Amsterdam arrive at 1015 hours sharp the next morning. With a stopover in Frankfurt. Similarly, depart Kuala Lumpur at 0320 hours every Monday and
      96 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      60 14 R Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally fair. Report (or 24 hoars prior to 7.31 pm on March 12 at the airport. Maximum temperature 32.6 Associated humidity 60 Minimum temperature 23.7 Associated humidity 97 Hours of sunshine 8.00 Rainfall in millimetres Trace Total rainfall for
      60 words
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  • SHIPPING TIMES
    • Article
      Lock icon S. Africa gets Opec oil despite embargo
      356 15 AP DESPITE an embargo by the Organisation of Petroleum Exporting Countries (Opec), South Africa appears to be able to import all the crude oil it needs. A Dutch investigating group in Amsterdam said analysis of movements of the world's tanker fleet shows that
      AP  -  356 words
    • Article
      Fears of excess new vessels by year-end
      577 15 MORE than half the ships now on order throughout the world are scheduled to be delivered by the end of the year underlining fears of increasing overcapacity. Some 19 million gross tons of new orders were placed last year, the highest figure seen
      577 words
    • PORTSIDES
      • Article
        Lock icon Oil in Indian Ocean
        126 15 AFP SOEKOR, the South African oil drilling company, has ordered two offshore platforms on a longterm loan, it announced. The company refused to give details, but the Johannesburg Star newspaper reported that the platforms would be built in Japan and would cost 80,000,000 rands. Observers said
        AFP  -  126 words
      • Article
        Lock icon Taking a common stand
        97 15 Reuter DELEGATES from the Association of South-east Asian Nations (Asean) have recemmended their governments develop a common stand at international meetings on shipping problems as well similar procedures in handling vessels. They disclosed their recommendations following a meeting, ended in Jakarta on Wednesday, of the Asean
        Reuter  -  97 words
      • Article
        Lock icon Seventh Fleet in Pattaya
        60 15 AFP THAILAND'S premier seaside resort of Pattaya will play host to nearly 6,000 American navymen next week when seven ships from the US Seventh Fleet call in for a six-day break. Among them will be the aircraft carrier USS Ranger, with the commander of the Seventh
        AFP  -  60 words
    • Article
      INDEX TO ADVERTISERS
      731 15 Skippiag Um Page C«J Achipelego vn i Adriatic IV J Afea VI 3 Afro- Eurasia VI 2 Alfred CT vin 1 Alltrans VI 5 Alpae VT 5 Angkutan VI 4 Angonave V 2 ANL I 1 An toll vm i APL m 4/s Argentine IV 4 ASCL
      731 words
    • Article
      Container Schedules
      993 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 Largs Bay 05/415 13.3.81 1200 Mansfield TA 3 VC Asian Patroos 2902 13.3.81 0700 Integrated TA 3 TT Maersk Pinto 11B/12S
      993 words
    • Article
      LONDON FREIGHTS
      1458 16 ORE charterers continued to seek tonnage on Wednesday and they secured vessels from Goa to Japan at U5513.50 fio .for March and from Port Cartier to Hunterston for March at $6.50 fio. The North American grain sector was featured by the booking of several vessels from US to
      1,458 words
    • Article
      SHIPS IN PORT
      513 17 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Achille Lauro (passenger) (0500 after Dun Huang shifts) 44/45 Arcadian Sun (after Ocean Resources) 35/36 Cherry Ruby (after Yuheng) 29/30 Gavriil Kirdeschev (RO/ RO) (1800 after Nedlloyd Crystal) 3/4 Mago No. 1 (after Dun Huang) 46 Nagaevo (after Teakwood) 38/39 Stolt Tenacity
      513 words
    • Article, Illustration
      ANRO ASIA'S SECOND 'MAIDEN VOYAGE'
      381 17  -  By RICHARD SEAH THE Anro Asia, a member of the Anro consortium, started her second "maiden voyage" on Wednesday to Penang after its conversion into a new and larger container ship. The $10 million conversion, by cutting the ship in half and adding a new
      381 words
    • Article
      Lock icon CSBC fully booked
      206 17 UPI CHINA Shipbuilding Corp (CSBC) has a backlog of orders that will keep its two shipyards busy for the next three years. Its company chairman Wang Sien-Teng said that in the past one year and half, China Shipbuilding has contracted with both Taiwanese and foreign shipping firms
      UPI  -  206 words
    • Article
      Lock icon Safe approach towards fire fighting on ship
      971 17 Fairplay THE WORD "fire" is still the most feared call to be heard on board any vessel today. It immediately brings a vision of a ship engulfed in flames with the crew vainly battling to save not only the ship's life but the
      Fairplay  -  971 words
    • Article
      Lock icon HK-Britain issue hots up
      209 17 AFP HONGKONG shipbuilders took issue with a British Labour member of Parliament who reportedly said that five naval patrol boats for use in Hongkong should be built in Britain. The total construction cost of these vessels is estimated at over HKJIOO million. Seventy-five per cent of
      AFP  -  209 words
    • Article
      Lock icon Ville De Brest in Le Havre
      70 17 AFP THE French vessel Ville De Brest, the first of a new shipping consortium, Le Capricoroe, serving the Indian Ocean, has arrived in Le Havre. It unloaded 250 containers and took 50 others on board, bound for Madagascar. The consortium was formed by two
      AFP  -  70 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1096 21 gCHBBBLE 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
      1,096 words
    • Article
      Lock icon New laws to combat pollution
      173 22 AFP PROTECTION of the Australian coastline against marine pollution will be attempted by new laws introduced into the Australian Parliament this week. The Australian Minister for Transport, Mr Ralph Hunt, proposed a package of legislation entitled "protection of the sea" dealing with civil liability, powers
      AFP  -  173 words
    • Article
      Firm rates in S-E Asia
      1316 22 ORIENT EXCHANGE SOUTH-EAST Asian shipping rates are predicted to be firm. A 63,000 dwt on an Australian round voyage from Japan is accepting U5516,500 daily. While in the time-charter market tweendeckers in the 10,000 to 15,000 dwt range are also steady and is receiving $6,300
      1,316 words
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      Page 15 Advertisements Column 1
      748 15 \cXl Europe Our Next Loader Port Kelang: 21/3 Singapore: For further detoils, see page V ARDIM A I A I I HSEALORDH m Orient Overseas Co*Uci*ieA Line FOLLY COHT/UNERISED SERVICE TO EUROPE (VIA SUEZ) ICHEKAIKR PAUL 26W •T.ft BRDGE sft ICHEVAIiR ROZI 24* KOREAN lACENON 12ft MERCATOR 22ft KOREAN MCE
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      76 15 mm CONTAINER Schedules II LONDON Freights 11/111 SHIPS In Port 111 SHIPPING List VII REGIONAL Weather VIII ORIENT Exchange VIII pr 8 pr 12 Apr 15 pc 15 pf 19 Apr 22 pr 22 p* 26 Apr 29 Apr 13 Apr 19 Apr 20 Apr 26 Apr 27 Ma, 3
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      Page 15 Advertisements Column 3
      737 15 Australia Our Next Loader Port Kelang:, W* Singapore: 21/3 For further details, see page V MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS li M .'3 .v rii L. LEONHARDT wr •"tst MAERSK MANGO MAERSK MANGO MAERSK MANGO MAERSK MANGO ■1 jPort Kelang
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      1014 16 Miscmfi MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Container Sernce To Europe Feeder 'PKelarw Vessel S'pore I) Msetlles 2) Rdam 3) H'burg 4) Gbuf| B P£NAGA I" Po" TOYAMA 17/3
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      Page 16 Advertisements Column 2
      287 16 BBS SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA N Yark St Mai M MIT AMWMS "BARBER TONSBERG" Ma It. "BARBER MENELAUS" Ma 22 (111 HESSEIS BEHTW SMGAPOK AT BBS TEMMM GOKHW 47 "BARBER PRIAM" Apr 4 "TSU" TO: PANAMA US ATLANTIC EAST CANADA US GULF ft Rata* SMUTCH
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      855 17 CONTAiOSHP SOURCE TO UK/CONTMNT: HWg S pore P Keiing D'mirk Kisugi Mini 15 Mar 17 Mir S Apr Imerpool Bay IS Mir 6 Apr l*p Bit 26 Mir 21 Mir IS Apr Kowtoon Biy 3 Apr 5 Apr 3 Mir City ot fMuiti 10 Apr 1 May Osika Biy 12
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      Page 17 Advertisements Column 2
      565 17 fig Franco Belgian Services MV (Fin Fast French Servxct wxth Behixan tar Fasttrr. Lines LiBMHMkMJ AC f CONS OS Tl l M wy cowrmosw ag now i OOALOPAOL MPkrl thansmorld ■BSE 19 Mm OOALOROfi 24 Mar P KELAAC Lt Ha we Ida* tfbut Bttow* A ararp mercator 14 Mar 1
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      Page 18 Advertisements Column 1
      816 18 Hapag-Lloyd TO NORTH EUROPE Kaluga Maru InerpMl by Largs Bar KmriMn Bay City ot Edinbwgti TO MEDTERRAICA Che.ato VJMe Ctwvahr Oc Bhn EXPORTS TV* Hit 11/3 13/3 28/3 30/3 4/4 6/4 TO WORTH EIKOPt/MEDITERRiUgA/ S pore PM Pen Bilbao Genoa H burg B ha»en Rdam Antwerp HMWMI 20/3 30/4 3/5
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      Page 18 Advertisements Column 2
      776 18 KOREA LINE SHIPPING CORPN P. Kelang PENANG STORE ALTAR 161W 16-19 March 20-23 March 24-2fi March FROM BUSAN BANGKOK ALTAR 162E 16-19 March 20-23 March 24-26 March TO BUSAN VEGA 159W 14-18 April 19-21 April 22-24 April FROM BUSAN BANGKOK VEGA 160E 14-18 April 19-21 April 22-24 April TO BUSAN
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      Page 18 Advertisements Column 3
      595 18 evergreen line r 1 FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CARGO FOR: UNITED KINGDOM SOUTHAMPTON. LONDON, MANCHESTER. BIRMINGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS. ETC. WEST GERMANY mmmw HOLLAND AMSTERDAM S pare MdahHamfcwt Rotterdam Faiutm Antwerp It Haw E»er lm.tr 15/03 23/03 3/04 5/04 7/M 10/04 11/04 Ettr Vital 21/03
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      Page 18 Advertisements Column 4
      1027 18 Everett Lines/ HIMTtWTM PA AN"" pagan HTOimi Burma Fivt Star Shipping Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON Spore ff JO2/M M» BFS S C AoenH Mokjywo BOUSTEAO SUPWNG TEL NOS KL *****2/*****9 Compania Arpantina Da ■~T», Mawniai Itaraatiitd S. A. C.I.F. UfJ "ARGENTINE NATIONAL LINE" LOADMG FOR I MONTEVDEO
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      Page 18 Advertisements Column 5
      408 18 mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD. IQI SANKYO LINE JAPAN/STRAITS SERVICE GENUAL AGENTS OCEAN SHPPMG ENTERPRISES PTE LTD SMGAPORE TIL 22IUM/7 t *****70 K LUMPUR TU *****4 4*4754 CONTAMR BOOKING OOAN SHPPMG STOW TEL *****44/7 lALALS CONTANO P KELANG TCI (347. 0*73/4 SUB AGENTS P KELANG EAST ASIA SHPPMG TEL
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      Page 19 Advertisements Column 1
      687 19 L. PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIOAH. JEDDAH AQABA (Reefer Cntrs Acceptable) illiiiij A VOY. 3W/4E 7-9/4 SW/6E 7-8/5 7W/8E $-7/6 9W/10E 8-9/7 AQABA 4 5 6 S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ VESSEL MANILA H'KONG S PORE BANGKOK H'KONG 24-24/3 1-2/4 16-17/3 26-27/3 5-6/4 21-22/3
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      Page 19 Advertisements Column 2
      282 19 W BLUE STAR LIN S,NG RE NEW ZEALAND AND T/S FIJI "Fully containerised monthly sailings DISCHARGING AT NEW PLYMOUTH AND PORT CHALMERS FOR AUCKLAND, WELLINGTON, CHRISTCHURCH FIJI SHIP SAIS SPORE NEW PLYMOUTH PT CHALMERS AUSTRALIA STAR 25 MAR 7 APRIL 9 APRIL NEW ZEALANO STAR 12 APRIL 25 APRIL 28
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      Page 19 Advertisements Column 3
      1075 19 BEN LINE CONTAINERS TO MOW Ktufi Maru Li« up—l Ba» Ijrp Bar Koeteor Bar CMf at Etaferfft Osaka Bar Dbt Maru PtOantEiatpt famdr Act 11/3 Star Ace 22/3 KJ> Sin 2/4 EXPRESS CONTAINER SERVICE TO/FROM EUROPE H BURG BNAVEN ROAM HAVRf SOTO* S poie P Ketanj N Genuity t Austria
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      Page 19 Advertisements Column 4
      916 19 ti i A 9> WA J Scan Dutch V WEEKLY EXPRESS CONTAINER SERVICE P AelaagPenang sa. OA** 21/3 beta. 0 pinaga ?;/j 1 OMtIA 4/4 «NAGA 10/1 0 OAKI* l)/4 1 *146* 24/4 1 Accepting Hx 1) Barcelona Genoa leghorn 2) Amsterdam Antwerp It I lutrpaol UK. Canary Islands 3)
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      Page 19 Advertisements Column 5
      672 19 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNION I SOUTH AFRICA balder zea DAWN SINGAPORE 23/3 eto Reunion 23/4 Durban 29/4 Copetown 1/5 Pt Eliz (also accepting East London and Maputo cargo) Lines U.S. WEST COAST SERVICE Owct from SfO Lbch SPORf BRMTON LYKES Sid 15/3 LESIE LYKES SM Sid 10/4
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      Page 20 Advertisements Column 1
      743 20 EXPRESS CONTAINER SERVICES TO NORTH AMERICA Carpes aba acceptable tor Oakland. Vancouver Portland. Houston. Gafceston. New Orleans. Boston. St. Mai. PMadcphu. Norfofc. Battmore. Savannah. lacksonvfle TO EUROPE (Kceptmt cartoes to Scamfnavia «a Hambw() Vessel N0R1) STAR V I NORDBAY V 4 Vessels cal tfbwi Bremen. R'dam. A«rp and Le Havre)
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      Page 20 Advertisements Column 2
      636 20 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE Iw LOS ANGELES SMI FRANCISCO SEATTLE. TACOMA VANCOUWR B.C. Acctptoi( Fa/Fa Ctntwwrs P Keimc Snicaoon I Anptn VISHVA PAUAr 2t M» 27 SApi AUSTRALIA EXPRESS CONTAINER SERVICE Acccptaf Fa/Fa Contamers P Mang Sport Bri MHb Mel Syd KAIMJDI 20 Mar 13 Afl< 14
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      Page 20 Advertisements Column 3
      467 20 :r W V (iroiiit SINGAPORE SHIPPING AGENCIES PTE. LTD. POTH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 13 LINESI GENERAL *****1 <14 LINES) TERMINAL Of FICE *****83 TELEX RS ***** RS 2SS6B A B CARSHIP CABLE CARGOSHIP lImL'LIIII I Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK SMGAPOM ki ft/14 Mar
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      Page 20 Advertisements Column 4
      567 20 KORINS MARITIME SERVICES Room 601. ICB Building. Shenton Way. Singapore Tel *****22 *****67 MIDDLE EAST/RED SEA/EUROPE SERVICES PTT L TO \\JC\SAM ICK lines A rr>emOe* ol tt>e Group Ol Compjn^S LINER SERVICE FROM KOREA TAIWAN HONG KONG TO SINGAPORE taction Buun Kecfang HKonf Sport HANKOOK 1 Mar 7 Mar 14
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      Page 20 Advertisements Column 5
      767 20 INTRQSEA (PTE) LTD Faber House 234E Orchard Road Singapore 9 Telephone **********4057 regular mepehknt service to europe Spore P. Keianj Penanf Loadnc tar BENNEVtS NBIO3 In Port Sated BOULOGNE/R"DAM/ UK(AVON) NORASIANBIO4 5 Apr 31 Mar -do Afwitv Snfiport MTRASEA (PTE) LTD 2352C11 BOOK* -ZZ *****57 K Lianpu YEO SMPPMG I
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      Page 21 Advertisements Column 1
      624 21 NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): C. PAUL 26* TW BRDGE 5N K. JACEWON 12W. MERCATOR 22W K. JACEJM 9W Also accepting cargo to/from Scandinavia TW BRIDGE S pore Closing Times: FCL Cargo FROM EUROPE (VIA SUEZ): LCL Carg Havre MERCATOR 21E Sailed K. JACEJIH 8E Sailed 0.
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      Page 21 Advertisements Column 2
      263 21 MALDIVE LINES ET* ETA ETA SPORE KUANTAN POUT KELANG MALWVE NOBLE 20/3 Loading For Jubail MAIWVE PEACE In Port 14/3 Loading for Bahrein/Kuwait MALWVE NOVEL 30/3 Loading for Kuwait MALWVE PRIZE 23/3 Loading For Jeddah MAIOWE MPORTER 30/3 Loading For Male MALWVE PROGRESS Sailed m Po rt Loading For Muscat/
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      Page 21 Advertisements Column 3
      448 21 NOTICES m.v. "CHIDAMBARAM" VOV: 144 arrived IHh M»rrh. IMJ at P.S.A. (iodoun Nm. it 43 General Survey of damaged cargo ex the above vessel will be held on Tuesday 17th March 1981, from 900 a m to 500 p.m No further survey will be held after this date Ageats:R Jl
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      Page 22 Advertisements Column 1
      467 22 Bangladesh Shipping Agency Pte Ltd Agents of Bangladesh Shipping Corporation S pore P Kelang Penang Loading for: BANGLAR DOOT 18/19 Iter Chittagong "A VESSEL" 8/9 Apr. Chittagong For Bookings please contact Bangladesh Shipping Agency Pte Ltd Singapore: *****1 Oriental Shipping Corporation K.L.: *****6/Penang: ***** INTERMARITIME LTD., REGULAR SERVICE TO SOUTH
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      Page 22 Advertisements Column 2
      403 22 ft JOHORE SHIPPING LY 161 lALAN TENGKU BADAR PORT KFLANG SEt ANGOR MALAYSIA HAJ SHIPPING SDN. BERHAD t Express Uratload Service from P Keiang East Malays* i Brunei (Accepting cargo for palletising in L.P.K. Gdn. No. 3 (South Port) 3 days before vessel's arrival) BINTULU CONTRACTORS SDN. BERHAD 37, Panduigan
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      Page 22 Advertisements Column 3
      343 22 irn HONG KONG ISLANDS LINE F' US SIAIIS SERVICf 1 US Wt ST COAST AND US GUI Accepting FCL Only AGENTS HUM SHIPPING COMPANY (PTE.) LTD. TEL: *****48 TELEX: RS ***** EUROFRA SAUDI Z LINE Express Conventional Service i To Jeddoh, (Gizon, Yenbo) MV SAUDI PMNCE V.l/Sl Gen Ajents Malaysia
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      Page 22 Advertisements Column 4
      389 22 PEACE LINE Regular container FCL/LCL services to Australia Sydney, Melbourne, Adelaide, Brisbane Europe All ports including UK Balderoe Vl9 (T/S) 16/3 Auckland, Bluff, Port Andersoe V2O (T/S) 10/4 Chalmers, Napier, Tauranga, Lyttleton, Timaru Also calling Hong Kong, Taiwan Japan GARWARE SHIPPING CORPN. LTD. <-*>• FOB MUSCAT. DUBAI. PAMMAIII SINGAPORE PT
      389 words
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      Page 22 Advertisements Column 5
      447 22 OCEAN LINES 1 REGULAR NOW CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE (*»so accepting cargo tor Riteia Bourgas Constarua subfect to inducement) S pore P Kelang Penang loading tor OCEAN ACE V.13N8 7 Apr Port Said/Aleiandru Unuiiol Ptraam/Baimt/LattMua/ OWED VESSELS ■pa SAGASIA PTE LTD. IMIt Jl (LOUIS OAEVFUS GROUP OF COMPANIES) hoßfll
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  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      150 22 Regional Weather j OS v r is# a A eH SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather /V w »*d direction with speed in knots V cv Wave height Cloudy Sky Surface winds are indicated by arrows which fly with
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