The Business Times, 24 March 1981

Microfilm: NL10972
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, MARCH 24,1*81 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Solidarity warned
      53 1 UPI MOSCOW, Mon. The official Tass news agency today warned the independent Polish trade union Solidarity to stay out of politics, including the staging strikes of a political nature. In a despatch from Warsaw on the meeting of the Polish Communist Party politburo, Tass said Poland needed tranquility
      UPI  -  53 words
    • Article
      Lock icon Steel agreement
      69 1 Reuter BRUSSELS, Mon. European Common Market steel producers have reached the basis for an agreement on voluntary production cuts to prevent a return to a potentially suicidal price war. Eurofer, the association of the EEC's main steel producers, said a meeting in Luxembourg at the weekend had resulted
      Reuter  -  69 words
    • Article
      Lock icon Support falters
      78 1 Reuter ISLAMABAD, Mon. Pakistan's opposition politicians, their ranks decimated by widespread arrests, failed today to win wide support for protests, strikes and a boycott of celebrations organised by the military government to mark the founding of Pakistan. An exception was Sind Province in the south, an electoral stronghold
      Reuter  -  78 words
    • Article
      Lock icon Syria says no
      79 1 UPI DAMASCUS, Mon. Syria has refused to hand over to Pakistan the three hijackers who comandeered a Pakistani International Airlines earlier this month and held its 104 passengers and crew hostage for 13 days. A Syrian official said the extradition of the hijackers is not possible because
      UPI  -  79 words
    • Article
      Lock icon Security tightened
      62 1 UPI BANGKOK, Mon. Thai officials ordered security to be tightened at all government buildings to combat an increase in armed attacks by the outlawed Communist Party of Thailand. The order came after communist commandos killed three government officials and wounded several civilians on Sunday in a brutal attack
      UPI  -  62 words
    • Article
      Lock icon Tentative coal agreement
      71 1 AP WASHINGTON, Mon. American coal industry and union negotiators announced they have reached tentative agreement on a new three-year contract. "We have a settlement," said United Mine Workers president Sam Church. Church was accompanied by BR Brown, head of the Bituminous Coal Operators Association team of negotiators.
      AP  -  71 words
    • Article
      Lock icon Iranian assets returned
      78 1 Reuter BONN, Mon. Iranian central bank governor Alireza Nobari was quoted today as saying the United States had returned only US$2.5 billion of Iran's frozen assets since the 52 American hostages were freed from Teheran last January. Mr Nobari told the West German magazine Der Spiegel that
      Reuter  -  78 words
  • Chief Price Changes
    • Article
      SINGAPORE
      135 1 Rises Indices F E Levingston Pegi Msia Sya Resins 1010 955 630 130 130 105 B.T. Indicator: Mar 20 Mar 23 *****.*****66.33 Gentings 1340 50 Industrials: 802.95 811.86 Straits Trading 1380 40 Finance: 1560.73 1568.97 Public Bank 785 35 Hotels: 1320.85 1315.03 G E Life Semb Shipyard Lien Hoe
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    • Article, Illustration
      KUALA LUMPUR
      149 1 Falls Indices Killinghall 2800 -200 B.T.Index: Mar 20 Mar 23 Syn Resin 690 -120 *****1.08 *****1.59 P Bank 835 -55 Industrials: 1006.56 1016.06 A Amal 1250 -50 Finance: 1464.24 1477.27 S Trading 1480 -50 Hotels: 493.43 493.32 KL Ind 452 32 Properties: 1026.46 1030.74 Ind Oxygen 470 -30
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  • Article
    'Small four' plan consortium bank
    695 1  -  DISCUSSION WITH MAS LIKELY By ALVIN TAY FOUR of the smaller local banks are contemplating setting up a consortium bank along the lines of International Bank of Singapore to spearhead their operations overseas. Senior officials of the four banks Industrial and Commercial Bank (ICB), Asia
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  • Article
    Rubber prices at two-year low
    278 1 RUBBER prices slumped to two-year lows yesterday with RSS One buying rate for April closing at 261.50 cents per kilo, a drop of 11.75 cents from last Monday's closing. The current weakness is attributed to poor physical demand in recent weeks. Russia is not active
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  • Article
    One-for-five bonus issue from I & P
    478 1  - One-for-five bonus issue from I P By CHOO AI LENG MALAYSIAN-based Island and Peninsular Development (1 P) yesterday disclosed a sparkling set of results for the year ended Jan 31 together with a one-for-five bonus issue. The property group which has substantial interests in plantations and mining chalked up record
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  • Article
    Malaysia-China trade ties
    325 1 MALAYSIA will establish direct trade links with China on a government-to-government basis soon to obtain direct imports. Acting Prime Minister Mahathir Mohamed told Parliament yesterday this would do away with the need for third countries and would also enable the Malaysian government to distribute goods fairly to
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  • Article
    Selected favourites chalk up good gains
    261 1 BUYERS dominated the stock market yesterday bat there was a tinge sf Mcertainty. Selected favoarites scored good galas despite prsflt-taldag. The Straits Times ladastrlal Index closed aearly alae poiats higher at SllM, hardy 14 poiats away from its record high sf 825.47. The market
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  • Article
    Acquisition of computer expertise to get a boost
    463 1  -  By LILLIAN CHEW SINGAPORE'S strategy of leapfrogging ahead in the acquisition of computer skills and knowledge will receive further impetus when the Institute of Systems Science establishes a documentation centre. The centre will store practical solutions to computer applications and computer-related problems.
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      20 1 GOOD READING MATTERS Slimes Bookshops r*»*r* Orchard Ccatpr Hvbrnum Ujkm Unto fA < j?L •STfC.A4.ISTS CENT Ac .^AZAVNGA^JAA SEE PAGE 3
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      Page 1 Advertisements Column 2
      42 1 SPACE AVAILABLE FOR BREAK BULK CARGOES VESSEL ETA 15TH APRIL 1981 COMPETITIVE FREIGHT RATES FOR MORE INFORMATION PLEASE CONTACT MR. TAN KAY HOCK MRS. JUDY TEO FRATA SHIPPING PT6.LTD. Suite 801,8 th Floor, World Trade Centre. Maritime Square, Singapore 0409 Telephone: *****04
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      Page 1 Advertisements Column 3
      81 1 MIDI SHIPPING TIMES US not beading for recession, TAKING a look at Austria's says V0icker............................. 3 economic miracle 7 VAN Der Horst Asia expands MISC signs lJSss*m loan agree5ervice5.................................... 5 meat 9 MARINE (rands cost insurers REAGAN will not support legis* millions of d011ar5..................... I lative curbs on car 5..................
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      2 1 Leader...page t
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      229 1 The Straits c TO!S s Times Key fSS BIKECTORY Agencies Of Singapore Fly via Amsterdam Why via Amsterdam A total of 358 flights per week connect Amsterdam with 22 major centres in the UK and Ireland. Which means that your chosen destination f is almost sure to be amply served
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  • REGIONAL
    • Article
      Lock icon China wants ties with US to develop further
      621 2 AP CHINESE Foreign Minister Huang Hua told former US President Gerald Ford that there is no reason for relations between China and the US not developing farther, especially amid "the stark reality of the world situation." At a banquet for Mr Ford,
      AP  -  621 words
    • THE REGION IN BRIEF
      • Article
        Lock icon TEXTILES TOP EARNER
        392 2 Agencies TEXTILES remained Taiwan's number one foreign exchange earner in 1980 with the export amount totalling US$4.4 billion, up 12.8 per cent over the previous year. Among the textile products exported, exports of garments constituted the lion's share with the total amounting to $2.4 billion. ONE OF
        Agencies  -  392 words
    • Article
      Lock icon SUHARTO AGAINST REDUCING ROLE OF ARMY
      153 2 AFP PRESIDENT Suharto of Indonesia yesterday dismissed suggestions that be might downgrade the military rale in civilian functions by reaffirming that the rale would stay and even be stepped ■PAddressing new graduates of the military academy at Magelang, central Java, he said: "If the
      AFP  -  153 words
    • Article
      Lock icon Kampucheans go to the polls
      261 2 Reuter AFP KAMPUCHEANS went to the polls on Sunday to elect peoples revolutionary committees of city wards and suburban villages. The Kampuchean news agency SPK said voting is under way at local levels throughout Kampuchea and will lead to the election of a 117-member national
      Reuter; AFP  -  261 words
    • Article
      Lock icon Nissan Motors will comply with car curbs
      417 2 AP JAPAN'S second-biggest car maker, in an apparent shift of position, said it will comply with controls imposed by the Japanese government to curtail car exports to the United States. Katsuji Kawamata. chairman of Nissan Motor Company, told a television debate on Sunday:
      AP  -  417 words
    • Article
      Businessmen want changes in guidelines
      308 2 PHILIPPINE businessmen want changes in the guidelines of the Asean industrial complementation programme as well as added facilities under Asean's preferential trading arrangements. In separate letters to the Manila government, Philippine's entrepreneurs called for less limitations and more incentives for complementation projects. They also proposed
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    • Article
      Lock icon Philippine labour leaders seek wage increases
      260 2 Reuter PHILIPPINE labour leaders yesterday sought increases in the minimum wage of about 16 per cent to cope with recent price hikes including higher rates for fuel introduced at the weekend. The Trade Union Congress of the Philippines, the largest labour organisation in the
      Reuter  -  260 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      887 2 ARRIVALS Service Local Operator Number Time From PAA PA005 0030 JFK SFO HKG MAS MH601 0630 KUL CARGO CV796 0715 LUX DXB SIA SQ101 0815 KUL MAS MH605 0830 KUL MAS MH621 0835 PEN RBA BI427 0930 BWN MAS MH671 0930 KUL CAL CI814 1000 HLP SIA
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      174 2 £fThe Axel Johnson Group supplies complete plants for liber and particle boaid production •93 AB Karlsiads Mekaniska Werkstad (KMW)-a member of the Axel Johnson Group is one of the leading suppliers of machinery and know-how to the pulp, paper and board industries. Besides KMW's specialist know-how in particle-board production, the
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      Page 2 Advertisements Column 2
      128 2 YOU'RE INVITED TO VISIT ASIA'S MOST SPECTACULAR AVIATION HAPPENING TOWARDS THE YEAR ZDOO EXHIBITIONS CONFERENCES WORLD TRADE CENTRE, SINGAPORE MARCH 24-28, 1981 This is a multi-feature exhibition on airport design, construction operation; air cargo handling facilities and services; passenger facilities (e.g. duty free stores) and in-flight services. Supported by: ASIAN
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  • OVERSEAS
    • Article
      Lock icon EEC in dispute oyer fish, steel policies
      391 3 Reuter ARGUMENTS over fish and steel policies which threaten the unity of the 10-nation European Economic Community (EEC) dominated the start of a summit meeting of EEC heads of government yesterday. Efforts to resolve the two disputes continued late on Sunday night in
      Reuter  -  391 words
    • Article
      Italy puts off decision on austerity measures
      313 3 ITALY, faced with a record balance of payments deficit, devalued its currency and boosted its interest rates on Sunday. Howeveu, the cabinet postponed a final decision on other austerity measures. The devaluation lowered by 6 per cent the European Monetary System (EMS) boundaries
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    • WORLD IN BRIEF
      • Article
        Lock icon SURPLUS OIL PROFITS
        398 3 Agencies OPEC Secretary-General Rene Ortiz said the organisation is moving towards investing its surplus profits in Third World rather than developed countries. Speaking at a Third World journalists seminar, Mr Ortiz also said "there is no disagreement on keeping prices constant by indexing it (oil) to inflation
        Agencies  -  398 words
    • Article
      Lock icon Fixed sale of oil to investors in Saudi projects
      373 3 Reuter SAUDI Arabia has guaranteed to sell a total of about 750,000 barrels a day (bpd) of crude oil to foreign companies investing in its heavy industry projects. The vice-chairman of Saudi Basic Industries Corporation (Sabic), Abdulaziz al-Zamil, said the companies,
      Reuter  -  373 words
    • Article
      Lock icon SENDING TROOPS MAY HAVE ADVERSE EFFECTS
      189 3 UPI THE SOVIET Union has warned that sending the US Rapid Deployment Force (RDF) into action in the Middle East would probably result in a cutoff of the West's oil lifeline. Soviet communist party newspaper Pravda said the force of crack US troops created
      UPI  -  189 words
    • Article
      Lock icon Volcker says US not heading for recession
      490 3 Reuter THE HEAD of the US central bank has said he does not believe the American economy is moving towards a recession despite the recent string of discouraging government economic reports. Appearing on the CBS programme Face the Nation, Federal Reserve Board chairman
      Reuter  -  490 words
    • Article
      Lock icon Coal, talks about to resume in America
      145 3 Reuter TALKS between union and coal industry representatives were set to resume in the US on Sunday night, after United Mine Workers (UMW) president Sam Church summoned negotiators back to Washington. The recall of the fivemember bargaining team raised hopes that a resumption
      Reuter  -  145 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      134 3 SZn Unsm/tO Onto Ornkn Orv QiMtytlfaJo and c M^twlyv 27 March to 5 April 1981 INPIASI Hall 4, World Trade Centre, Singapore T Auto-Bicycle Components Brass Handicrafts-Fittings Chemicals-Pharmaceuticals Cosmetics Diesel Engines Drilling Machines Food Beverages Hand Tools-Cutting Tools Household Appliances Jute Coir Products Lathes Medical-Laboratory Instruments Micro Processors Precious Stones-Gems
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      Page 3 Advertisements Column 2
      167 3 Ftom its proven 6-cyfindcrl99Bcc engine toit«nttMßri»iinHiim«r jJ -^jg» V to its spacious boot "'*v. A 10^ i y OAT SUM S mm to its luxurious seats to its Datsun air-conditioner t>7 >4 Hfil liiii X m to its power tttt i 111 EES I A PROFESSIONAL You can expect the
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  • RAW MATERIALS
    • Article
      Indian rubber auctions from this week
      353 4 SHEET rubber auctions will be held twice a week in Colombo from this week, the government announced. The auctions will be held by the Colombo Rubber Traders' Association along with the Colombo Brokers' Association, it said. Till the auctions get fully organised and market
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    • Article
      Lock icon Oilseeds output forecast increases
      228 4 Reuter WORLD production of the ten major oilseeds in the current 1980/81 season which runs until this Sep 30, is now estimated by the Hamburg-based weekly publication Oil World at 154.5 million tonnes. This is up 0.8 per cent from its November estimate but still down
      Reuter  -  228 words
    • Article
      RUBBER
      262 4 THE Singapore market yesterday closed lower with April One RSS buyers quoted at 261.50 cents per kilo, down 5.75 cents, from last Friday's close, dealers said. Morning prices were marked down about 5.25 cent on lower London advices, speculative stoploss selling and reserve of buyers, they said. The afternoon
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    • Article
      RAS PRICES
      328 4 RAS prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f o b. 256.50 257.50N 255.50 256.50N Int. 1 R.S.S. April 262.50 263 00 261.50 262.00 Int. 1 R.S.S. May 267.00 267.50 266.00 266.50 Int. 2 R.S.S.
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    • Article
      SSR and SMR
      127 4 NOON SSR and SMR prices yesterday: RAS SSR 20 SSR SO (1-toi (1 -tor l pallet 1 > pallet 1 April (Current Mth) Buyers Sellers 235.00 237.00N 232.00 234 00N May (Forward .Mtbl Buyers Sellers 237 00 239.00N 234.00 236. OON MRELB April May SMR CV SMR
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    • Article
      Straits Tin
      74 4 THE STRAITS tin price in Penang yesterday fell 15 cents to M53t.42 a kilo, still within the International Tin Agreement's middle range price of $3MI to $32.74, dealers said. Higher offerings of tin accumulated over the weekend, easier Friday overnight London advices and reduced buying support from all
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    • Article
      CLOSING PRICES
      34 4 Rubber; March 23 Singapore: April: 261.50 cents (down 5.75 cents) Malaysia: April: 281.50 cents (down 5.75 cents) Tin: M 530.42 per kilo (down 15 cents) Official offering: 196 tonnes (up 35 tonnes)
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    • Article
      Lock icon Delegates to talks warned of time factor
      254 4 Reuter INTERNATIONAL Tin Council (ITC) chairman, Datuk Peter Lai, has told producer and importing nations that time was running short in negotiations on a new pact governing trade in the commodity. Opening the third round of talks on a new agreement to replace
      Reuter  -  254 words
    • Article
      Lock icon THAI RICE EXPORTERS MUST SEEK APPROVAL
      187 4 Reuter RICE exporters in Thailand will have to have foreign trade department approval to conclude overseas sales contracts from Apr 1, Oranut Osathanond, deputy director-general of the department, said. The rice export trade was liberalised between Dec 17 and end-March because the government's policy
      Reuter  -  187 words
    • Article
      Produce exchange
      177 4 CHINESE Pradaee Exchange, Singapore, neon closing prices per 111 kg yesterday. (V«Mt M: Bulk fob $117.00 sellers, old drum (in second hand drum) fob $130.00 sellers, new drum fob $136.00 sellers. Copra: Mixed (loose) $66.00 buyers. Pepper: Muntok white pepper fob Asta NLW $420.00 sellers, Sarawak white pepper
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    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cottoa yarn: China Blue Phoenix 20s 2,310; 32s 2,800, 40s 3,040 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • Article
      RICE
      323 4 SINGAPORE: Yesterday's closing prices in S$ 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,
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    • Article
      LONDON MARKETS
      954 4 COFFEE: Robusta futures yesterday followed through from opening gains to end the morning £6 to £12 a tonne higher, on a combination of trader and commission house buying, dealers said. Values were also underpinned by sterling's easing against the dollar, they added. Dealers noted volume contginues to be
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    • Article
      PALM OIL
      86 4 THE Kuala Lumpur market's palm oil report and prices were unavailable yesterday. The following are Friday's prices. C.I.F. North European ports, in US dollars per ton unless otherwise stated: LONDON Fri Previous Malaysian 5*7 ffa bulk per tonne May 595.00slr 595.00slr Sumatra 5 r ffa bulk March 660.00slr
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  • ASIAN STOCKS
    • Article
      Share prices rise sharply
      567 4 TOKYO SHARE prices yesterday rose sharply in heavy trading, led by big capitals and high-priced blue chips, on increased buying by foreign investors, dealers said. The market average closed up 72.63 to 7,293.57, with volume 770 million shares. The Tokyo Stock Exchange index gained 7.22 to
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    • Article
      Hongkong
      342 4 SHARE prices yesterday resumed their upward trend after a brief drop on Friday. Several traders attributed the renewed buying to confidence that bankers here will cut their prime lending rate at their weekly meeting on Friday However, another broker warned that US rates appeared to be levelling off. If
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    • Article
      Sydney
      235 4 MAR 23 Cents INDUSTRIALS A. C. I. 210 5 A. N I 340 unch A. P. M. 228 3 Ampol Pet 176 1 RHP 1430 •f 20 Bank NSW 320 5 Boral 380S Brambles 302 unch C. B. A 355 40 c s a 066 2 Cn*i Allied 1240
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    • Article
      Bangkok
      223 4 MAR 23 Bafits Asia Credit Asia Fibre Z 148 1 Ayuthaya In* And Truit Bangkok Investment 126 -1 Bangkok Bank Bangkok Drying And Silo Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia Bank Of Ayudhaya Ltd 274 228 376 Z 108 151 4 -4 -2 -4 unch
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    • Article
      Manila
      93 4 MAR 23 Pesos Aco)e Mining 006 unch Atlas Con. A Atlas Con B 34.50 42 Bafulo Gold Bcnruct Con B BP Goodrich 0046 -0 0002 5 -0.3 unch CDCP 5 Inco B Land oil Lepanto B. 1350 unch Marlnduque B Meralco 11 unch Oriental A Oriental B 064 -0001
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    • Article
      Selected indices
      31 4 U.K.HANG SENG Monday 1467.88 Friday 1426 87 Week Ago 1344.37 AUSTRALIAN INDUSTRIALS Monday 714.4 Friday 711.6 Week Ago 7012 ALL ORDINARIES Monday 703.5 Friday 694.0 Week Ago 683 0
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      302 4 THE 3RD SINGAPORE INTERNATIONAL BUSINESS EQUIPMENT COMPUTER SHOW March 24-28,1981 12:* Hrs 20: M Hrs at World Trade Centre Singapore Nearly 100 leading companies representing 11 countries from the world over will be displaying at World Trade Centre (Hall 2) the latest and the most efficient office equipment and office
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      Page 4 Advertisements Column 2
      15 4 FURNITURE \V I I H Touch of Class LUXURY INTERIORS PTE. LTD. 321, Plaza Singapura
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  • TRADE AND INDUSTRY
    • Article
      Raising awareness of planners
      357 5  -  By JUNE LIM PROFESSIONALS involved in planning housing estates should live in the new estates they have designed. This will enable them to take note of whatever shortcomings that exist so that they can improve on the design of future estates. This suggestion was made by
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    • Article, Illustration
      PEOPLE IN BUSINESS
      190 5 CHASE Manhattan Bank has promoted Jerome S Sanzo to assistant treasurer and corporate relationship officer commercial accounts, Yvonne Foo Lee Luang to assistant manager regional service centre and Chua Teng Hui to assistant treasurer and technical sales representative infocash regional service centre. Mr Sanzo joined Chase in
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    • Article
      Putting back the enthusiasm
      236 5 SENIOR staff of the Singapore Polytechnic appear reluctant to help plan and execute new policies. This point was made yesterday by Dr Ahmad Mattar, Minister-in-Charge of the Singapore Polytechnic, Ngee Ann Technical College and VITB, at the opening of a workshop on technician training. "There is
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    • Article
      Theory and practice of world trade
      191 5 A CONFERENCE covering the theoretical and practical aspects of international trade will be held in Singapore from April 13 to 16. in addition, case studies of the tourist industry and its relevance to Singapore and Hongkong will be presented at the conference. Called Industrial
      191 words
    • Article
      Egyptian oranges make headway
      137 5 MORE Egyptian agricultural produce are getting into the Singapore market, according to the Egypt Central Marketing Board. The most significant increase last year was in Egyptian oranges, which accounted for about 4,000 tonnes compared with the 2,000 tonnes imported in 1979. Mohamed Nasser, director of the
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    • Article
      Open house at SIM
      63 5 THE Singapore Institute of Management throws open its doors today to members and invited guests. It hopes to give visitors to its first Open-House Day a better insight into the types of programmes and services it provides. The institute's lalest training and management development resources including
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    • Article
      Sisir plans to draft new standards
      148 5 THE Singapore Institute of Standards and Industrial Research plans to draft 20 to 25 new standards this year. The standards and codes of practice will give manufacturers and enginers clearer practical guidelines on technical rules and specifications. The planning and drafting of the codes
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    • Article, Illustration
      AIRPORT 2000 IS HERE
      169 5 A FIVE-day exhibition of airport equipment and in-flight catering opens today at the World Trade Centre. The exhibition, Airport Towards the Year 2000, will include some of the advanced technology which will be employed at the new Changi International Airport such as air traffic control, airport
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    • Article
      Van Der Horst strengthens facilities
      387 5  -  By RICHARD SEAH VAN Der Horst Asia has invested about $3.5 million in a new factory and in new equipment to expand its facilities for engineering services. The new factory, sited on nearly 30,000 square metres of land in Pandan Industrial Estate, is about seven
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      4 5 a rs on |Mi
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      Page 5 Advertisements Column 2
      191 5 Twoontheaisle. New Clipper Class style No more middle seat in our brand new business section. 1 -7 V" We've redesigned Clipper Class completely. And that's good news indeed if you're on a 16Vfc-hour trans-Pacific flight from Singapore to San Francisco, U.S.A. You see, we want you to arrive at your
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  • Article
    Learning from IBS' experience
    338 6 IT SPEAKS well of the aggressiveness of the smaller local banks to aim for business outside Singapore. But in the light of the experience of the International Bank of Singapore, the idea of another consortium bank might be scoffed at. However, a direct comparison should not
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  • Article
    Easing shortage of expatriate schools
    323 6 A MAJOR consideration behind an individual's decision to accept a foreign posting is whether or not his children's educational needs can be met adequately in the foreign city. This is a factor that has led many a Singaporean to hesitate and often reject postings that
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  • Article, Illustration
    MARINE FRAUD
    1062 6  -  By LEE YOKE MENG DANGER lurk» out there in the deep blue sea. The modern day pirates operate in the form of syndicates; their mission the forging of bills of lading and the scutUing of ships. Singapore's CID has investigated five cases since the by-now historical case of
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  • Article
    Not everybody's enemy
    705 6 THE ORGANISATION of Petroleum Exporting countries is campaigning to change its international image as a ruthless cartel which is grabbing billions of dollars and strangling the economies of rich and poor nations. Opec blames the western media for maliciously distorting its real intentions and successfully poisoning public
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      702 6 TWO-IN-OKE CROSSWORD CftYPTIC PUZZLE ACROSS 3 Many a rustic bird's young (5) 8 The stuff Lenin was made of? (5) 10 Prepared to be quick (5) 11 Feathered type? (3) 12' Vessel negotiating pools backwards (5) 13 Does a ring make him jump? (4,3) 15 Possibly ride to the West
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      26 6 Brist GO*NG"TO SIT THGRT/ P*U_ OR Ps(?evou go»NG TO Do Seme. IooRKP y *OR<./ FOOieD Hlpa RGFMN— He KHOUS IT ReRCH Hm But hp_ Piuoßtys Ducks;
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      570 6 aiaßwiffii Omega's power of darkness! FOIL PLAY" makes its television debut with Barry Bostwick as Ticker, the San Francisco police detective and Deborah Raffin as Gloria, the beautiful career woman. Gloria's 13-year old frieod Jimmy, who is studying for his Ph D at Berkeley, is ushered away by a strange
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    • Miscellaneous
      Page 6 Miscellaneous Column 4
      178 6 Side 9.99 Prog Summary followed by Songs For Children 9.39 Potluek 9.45 Science Report 19.99 Music While You Work 11.99 News in Brief 11.95 Oldies But Goodies 11.99 My Music 12.99 Light Music At Noon 12.39 Lunch Date 1.39 PM News followed by Share Market Report and Weather Forecast 1.45
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  • Article, Illustration
    Economic miracle
    1417 7  -  AUSTRIA OWES IT TO ITS SOCIAL CONSENSUS Austria stands alone among western industrial nations with an unemployment rate of a mere 2 per cent. Over the last 10 years, it has chalked up the highest rate of economic growth in the West after Japan, while remaining more or
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  • Article, Illustration
    Banks caught in a web
    918 7  -  Can international banks succeed in maintaining their traditionally aloof position from world politics? Perhaps, reports STEPHEN JUKES, the financial crises in Poland and Turkey will prove to be the test. STEPHEN JUKES THE international banking community is increasingly being drawn into the tangled web of
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  • Article
    Before you overreact
    754 7  -  FORUM with TSANG SAU YIN THE over-reacting Jackies of Singapore have won and not only on "Nine to Five" but also on the Rado Show. If you will recollect, the first incident raised criticism from a much concern citizen (letter signed Jackie) on the morality and wisdom
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  • Article
    STRAWS IN THE WIND
    208 7 THERE may be truth yet in the rumours about ex-MAS MD Michael Wong Pakshong's services being sought for the revitalisation of Hongkong's financial centre. He was seen deep in conversation over lunch at the Savoy restaurant in London last week with three serious-looking British civil service
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      Page 7 Advertisements Column 1
      85 7 6CH|I3OPS/2,600rD U I I I Yanmar engines are well received by shipbuilders and vessel owners all over the world, fleeting popular demands, the latest models of Yanmar iiigh-re wing, lightweight series are now available in this region. j Find out more about these efficient engines from CLLS. CHONG LEE LEONG
      85 words
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  • INTERNATIONAL STOCKS
    • Article
      Slower profit growth at Swissair
      217 8 SWISSAIR has achieved a gross profit of 202 million Swiss francs for the year ended Dec 31, 1980, down from 229 million francs for the corresponding period in the previous year. After provision for ordinary depreciations of 158 million (1979 ordinary and supplementary depreciations of
      217 words
    • Article
      Chemical fibre gloom
      622 8 BONN INCURS WIDESPREAD LOSSES THE WEST GERMAN chemical fibre industry is pessimistic about 1981 prospects after widespread losses in 1980. Their fears for the near future are a symptom of the general malaise affecting the Western European chemical fibre industry which has seen three major producers Imperial
      622 words
    • Article
      Lock icon Bayer AG output cut
      111 8 Reuter BAYER AG will stop production in 1961 of those chemical fibres for which no improvement can be expected in the present market situation. The 700 employees at the Dormagen plant employed in the production of Perlon carpet threads, Perlon fibres, Perlon technical threads and vestan
      Reuter  -  111 words
    • Article
      Insider trading
      169 8 THREE Chicago option traders have filed suii in federal court in Chicago alleging that certain investors used confidential information about Standard Oil Co of Ohio's US$l.77 billion bid for Kennecott Corp to make over $5 million profit on Kennecott stock options. The suit alleges that clients of a
      169 words
    • Article
      Lock icon MASSEY OPTIMISTIC
      127 8 Reuter MASSEY-FERGUSON chairman Victor Rice f«recast a recovery in 'the fourth quarter of 1981 bat repeated the company expects a loss of about ISSIM million in the first quarter to end January. "Our losses are behind us. Hie market will remain depressed in the second and third quarters
      Reuter  -  127 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      639 8 See Page 4 for Asian stocks Where to wine,dine and entertain f The American Express Card. Don t leave home without it. Business Tip The Mirabelle Executive Lunch Enjoy a superb 3-course lunch served at your requested time. So there's time to talk business and make your next appointment. You'll
      639 words
    • Advertisement
      Page 8 Advertisements Column 2
      150 8 V'.' S k Ik 1 s The Dragon Palace Restaurant ts where you can dine in regal splendour and dance to the mellow sounds of yesteryear with "The Zodiac" Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome! a CoefcpttHttel Oxley Rise/Penang
      150 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Hongkong deposit plan opposed
      138 9 AFP FIFTY of Hongkong's 300odd deposit taking companies (DTCS) have grouped to oppose a government proposal that would ban most companies of this type from accepting short-term deposits. The group sent a letter of objection to the financial secretary, Sir Philip Haddon-Cave, stating that the envisaged
      AFP  -  138 words
    • Article
      Delivery point
      82 9 THE HONGKONG commodity exchange is considering Hongkong as an additional delivery point for its gold futures market which at present is London, exchange chairman Peter Scales said. The UK value added tax on purchases when delivery occurs is the major factor behind the proposed addition, some commodity dealers
      82 words
    • Article
      Conference
      37 9 THE EIGHTH conference of the Arab Monetary Union will open in Kuwait on March 26. It will discuss problems of currency exchange, improved training facilities for young Arab bankers and various financial and operational reports. Opecna
      37 words
    • Article
      More overseas buyers
      285 9 OVERSEAS investors, including locally-incorporated overseas subsidiaries of Japanese banks and securities firms, have been actively placing funds on the GenSaki market. Securities sources said the outstanding balance of their net investments in Gen-Saki reached an estimated record 520 billion yen at end-February, against 377.40 billion at end-January
      285 words
    • Article
      Lock icon GREATER POPULARITY
      242 9 Reuter SWITZERLAND'S highest interest rates for six years combined with currency considerations are beginning to make Swiss franc investments more attractive for investors worldwide, primary and secondary capital market specialists said. In spite of a record inflation rate of 6 per cent in February, bond markets have stabilised,
      Reuter  -  242 words
    • Article, Illustration
      MISC gets US$50m loan
      529 9  -  By SIOW LI SEN A LOCAL merchant bank, Morgan Grenfell Asia, has arranged a second spare tax loan for Malaysia's national shipping line. Malaysian International Shipping Corporation (MISC) yesterday signed a US$5O million syndicated loan agreement in Singapore with a group of banks led by the
      529 words
    • Article
      RUPIAHS RISING BY LEAPS AND BOUNDS
      123 9 THE MONEY in circulation in Indonesia kas increased 21-fold In the past II years from 25« billion rupiahs in If» to ijm billion rupiahs la MM. The governor of Bank Indonesia, Mr Rachmat Saleh, added that the amount o( hank credits also soared by
      123 words
    • Article
      ICB RAISES RATE
      43 9 INDUSTRIAL and Commercial Bank will raise its one-month fixed deposit rate by half-point and three-month rate by quarterpolnt today. This means that the bank will be paying a standard rate of 1IV« per cent for fixed deposits regardless of maturities.
      43 words
    • Article
      BONDS AND LOANS
      236 9 THE five-year Eurobond for Australian Resources Development Bank Ltd has been raised by US$5 million to $30 million with pricing at 96 3 per cent. Lead manager Swiss Bank Corp International said the bond, part of a $60 million tap issue, carries an unchanged 13 per cent
      236 words
    • Article
      Lock icon Credit for IFCT
      159 9 AFP THE WORLD BANK yesterday announced approval of a US$3O million loan to the Industrial Finance Corporation of Thailand (IFCT), the only institution in Bangkok providing long-term capital to the private sector. The World Bank regional office said the loan, its fourth to the IFCT, is designed
      AFP  -  159 words
    • Article
      Lock icon Lira devaluation won't hurt EMS
      534 9 Reuter A SIX per cent devaluation of the Italian lira announced over the weekend is the largest single change to hit the European Monetary System (EMS) since its creation two years ago. But the devaluation is not likely to cause major disruption to the system,
      Reuter  -  534 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        499 9 THE US dollar closed firmer against most major currencies yesterday. Dealers attribute this to the growing unrest in Poland and the devaluation of the lira. Trading in the local market, however, was moderate. Against the yen, the US unit opened at 208.30 but was traded upwards to 208.70/80
        499 words
      • Article
        TOKYO
        143 9 THE dollar for overnight delivery yesterday closed firmer at 208.95 yen, compared with a 208.30 opening, 207.90 208.10 close in New York Friday and a 208.55 close here Friday. Trading was light, with volume US$64O million. The dollar fluctuated narrowly around 208.90 yen, slightly below the day's high of
        143 words
      • Article
        PLR
        22 9 THE average rale ai which major Singapore banks are currently prepared to lend to their best customers is 14.0 per cent.
        22 words
      • Article
        ASIAN $ RATES
        219 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Mar 23. US DolUra(Spol) Offer Bid 7 days 13H 13' i 1 month 13 13*« 2 months 14 J 14'. 3 months 14 9/16 14 7/16 6 months MH 14'« 9 months 14'* 14 J 12 months 14'.' 14
        219 words
      • Article
        Discount
        46 9 RANGE of prices offered by < count houses on Mar 23: Overnight: 7'« r Call deposits: 6 T »'< to7'«'< Closing Buying Selling 3-month Treasury bills 6'» 6'; 3-month Bank bills 11 11'« 3 months CO 11 10» 6 months CD 10 10'• Source: National Discount Co
        46 words
      • Article
        Frankfurt
        50 9 FRANKFURT exchanges opening quotes on Mar 23: US 2.0920 40 Stg 4.670 680 Can 1.7676 701' D F1 90.17 32 S Fr 109.75 95 Lit 2.026 33 F Fr 42.45 53 N Kr 38.80 87 B Fr (con) —6 094 105 BFr (fin)- 5 954 964 Yen 0.9988 1.0005
        50 words
      • Article
        GOLD
        260 9 SINGAPORE gold futures yesterday closed sharply higher compared with last Friday's closing levels here in moderate trading. Opening quotations were marked up sharply between US$22 to $24 an ounce following the metal's firmness in New York last Friday and thereafter the market fluctuated marginally during the session on profit-taking
        260 words
      • Article
        Silver quotes
        41 9 New York Kri 13 40B Tfcars 13O0B 13.70S 133QS Zurich 13 SOB 12 90B 13 90S 13 SOS Mm Krt Singapore 13 40B 12.90B Jems 13 SOS Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore.
        41 words
      • Article
        HONGKONG
        208 9 THE US dollar yesterday continued firm in late trading, maintaining most morning gains against other major currencies, dealers said. The same factors ruled throughout the day, including the situation in Poland, the devaluation of the lira and to a lesser extent the impact of the US money supply figures.
        208 words
      • Article
        London
        69 9 Opening quotes yesterday US 2.2410 20 Can 2 6525 56 Cross 1.1806 09 DMk- 4 6915 71 D F1 5 1871 939 S Fr 4.2726 800 B Fr (con) 76.83 93 F Fr 11 0440 626 Lit 2303 00 2316.00 Yen 468.84 470.05 D Kr 14 7540 7705 N
        69 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      259 9 You Could Easily Be Speaking Indonesian In 3 Months! The secret of learning a language L:iM|un>»»or« m mf-pi' V WM Siy, Nix A/. i 'Ov. X. I X W '-*1 X > Linguaphone's comprehensive Indo-English course equips you with competence and confidence in the Indonesian Language. Based on a 3-Approaches
      259 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1827 10 BID and offer prices officially tteted and business in and reported to the Stock Exchange at Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL A COMMERCIAL A (ma
    1,827 words
  • Article
    Unit trusts
    166 10 SINGAPORE UNIT TRUST <M*a»grr»' prices far Mar ZS) The Commerce 3.72 3.91 The Savings Fund 2.08 2.18xd S pore Prog Fund 1.60 168 S'pore Sec. Fund 2.43 2.55 S pore Invest Fund 2.25 2.36 S pore Equity Fund 1.52 1.60 INCOME BOND UNIT (Carnal prices) Income Bond 1.48
    166 words
  • Article
    SHARE INFORMATION SERVICE
    2782 10 Gr's Gr'« Net 1980 1981 Company Last Div Div Y'ld P/E Vol Day High Low Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 361* 238' Acma 352 14.5 2.8 4.1 14.3 300 220 Alcom 300 12.0 2.5 4.0 17.0 185 116 Allied Choc 182 12
    2,782 words
  • Article
    In Kuala Lumpur
    2083 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. 1 INDUSTRIALS 1 AJtoamata (3.00B) A Cbac (1.758) AMD (2.475) (20) 2
    2,083 words
  • LATEST RESULTS
    • Article
      SUSPENDED Veneer Products
      40 10 has again reported a net loss. For the full year to Feb 1980, the group's losses increased to $687,000, compared with the previous year's loss of $274,000. Turnover was sharply lower at $336,000 compared with $922,000 previously.
      40 words
    • Article
      OLYMPIA Plywood and Timber Products
      33 10 has fallen badly into the red with a group loss of $963,864 for the full year to Oct 1980, compared with the previous year's pre-tax profit of $161,521.
      33 words
  • Article, Illustration
    Prices move slightly higher
    696 10 THE atmosphere was a trifle uncertain at the Singapore stack market yesterday aad towards the later part of the day, prices slipped from their day's best levels. Activity was confined to a selected few which attracted same bullish attention but price movements were narrow. Although the
    696 words
  • Article
    Steadier close on KL market
    603 10 AFTER a relatively firm start, the Kuala Lumpur stock market retreated some ground to close on a mixed to slightly steadier note. Opening prices were quoted at higher levels as some buying support emerged. The better sentiment was also helped to some extent by the
    603 words
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  • COMPANY NEWS
    • Article
      Managing director of UIC quits
      538 11 UIC'S managing director Chwang Wan Lien, who last year made a takeover bid for the company, has resigned from the company with effect from 12 March. The appointment of Mr Feng Chuan Chia as his alternate on the board was automatically revoked on the same
      538 words
    • Article
      Batu Lintang depressed by lower prices
      205 11 SHARPLY lower palm oil prices plus higher production costs combined to depress profit substantially at Batu Lintang Rubber Co in the first half year ended Dec 31, 1980. Unaudited interim pre-tax profit declined by 42 per cent to M 52.3 million on a 9
      205 words
    • Article
      KLK to use sale income for new oil palm refinery
      298 11 PLANTATION group Kuala Lumpur-Kepong (KLK) plans to use the proceeds from the proposed sale of its 1,418.64 acre Ladang Kepong to finance the construction of its new palm oil refinery at Pasir Gudang and to reduce present short-term bank borrowings.
      298 words
    • Article
      COMPANY MEETINGS
      75 11 HOTEL Malaysia Limited: AGM to be held at Ming Crystal Room of Ming Court Hotel, Tanglin Road, Singapore on Mar 25 at 11.30 am. GOODWOOD Park Hotel Limited: AGM to be held at Ming Crystal Room of Ming Court Hotel, Tanglin Road, Singapore on Mar 25 at 11.45
      75 words
    • Article
      Growth at Pacific Chemicals slows
      327 11 EARNINGS growth at Pacific Chemicals Bhd slowed down in the second half of the last financial year, as a result of increased competition and higher operating costs. However, overall results for the year to Dec 31, 1980 showed a pre-tax profit of M 53.42 million,
      327 words
    • Article
      Lock icon In Hongkong...
      367 11 Agencies A HKS42O million rights issue by property and investment company Paliburg Investments was only 20 per cent subscribed, underwriters Wardley and Sun Hung Kai Securities said. The company, a Regal Hotels (Holdings) subsidiary, offered 168 million $1.00 shares at $2.50 each with one-for-two warrants, but received applications
      Agencies  -  367 words
    • Article
      Hume protected against bears
      861 11 STOCKBROKERS Oag and C* believe Hume Industries (Far East) has good defensive characteristics which could provide investors with adequate protection should the need arise in a bear market. This, they say, is evident in the fact that nearly 77 per cent of the company's paid-up capital
      861 words
    • Article
      Gula Perak hit by another year of loss
      506 11  -  By WONG SOUK YEE GULA Perak has once again made a trading loss of $1.16 million before taxation for the year ending March 31, 1980 on a turnover of |7.26 million. The result, however, represents some improvement from the previous loss of
      506 words
    • Article
      Conversion price of DBS loan stock fixed at $8
      220 11 THE conversion price of the Development Bank of Singapore's convertible loan stock has been fixed at $8.00 per share. The bank, which recently declared a rights issue of $228.52 million 7.5 per cent convertible unsecured loan stock maturing in 1991, announced
      220 words
    • Article
      Malayan Cables' pre-tax earnings increase by 15pc
      192 11 A SUBSTANTIAL increase in sales lifted pre-tax profit at Malayan Cables by 15 per cent to M 55.31 million last year. Net profit of the company was up by 18 per cent to $2.83 million, giving net earnings per share of 22 cents.
      192 words
    • Article
      Profit at Malaysian American Assurance leaps
      210 11 MALAYSIAN American Assurance's (MAA) effective implementation of a programme to minimise operational strain resulted in a substantial improvement in its profitability for the financial year ended Dec 31, 1980. Profit leapt to M 5452,031 at the net operating level from a mere 525,036 previously,
      210 words
    • Article
      Timuran achieves record earnings
      336 11 SHAREHOLDERS of Timuran Holdings should be pleased with the latest set of results from this well-diversified group. It achieved a record profit of MJ9.57 million last year, as a result of improved performances all round from most of the operating companies within its fold. To cap
      336 words
    • Article, Illustration
      Lock icon Clever strategy
      639 11 SiKDtSGL» by HOCK LOCK SIEW THE takeover bid for SPP Ltd, a paper products manufacturer, certainly caught many people, including its directors, by surprise. There were vague rumours in the share market recently on such a possibility but not many took these rumours seriously until last Wednesday. At
      by HOCK LOCK SIEW  -  639 words
    • Article
      COMPANY BRIEFS
      280 11 REFERRING to- the takeover of Syt Gabongan Seri SAwit (SGSS), Ganda Oil Industries (GOI) and Ganda Edible Oil (GEO). Ganda Holdings said the offer consideration was fair and reasonable. Based on an average of the four companies' net asset backing (including adjustments for the revaluation of property investments)
      280 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      317 11 NOTICE SPP LIMITED M'l'Mll.'Nj.'.ld.'h The Directors of SPP Limited ("SPP") announce that they have been notified by Citicorp International (Singapore) Limited ("Citicorp") that on 18th March 198J, Chevelina Pte. Ltd. ("Chevelina") had acquired shares in SPP which raised its holding in SPP to 1,940,000 ordinary shares of $1.00 representing 25.4%
      317 words
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  • Article
    Lock icon Sluggish demand forces Japan to import less oil
    256 12 Reuter JAPANESE crude oil imports fell 13.2 per cent in February from a year earlier because of sluggish domestic demand following a slowdown in Japan's economic growth. The Ministry of International Trade and Industry (Miti) said February imports totalled 117 million barrels,
    Reuter  -  256 words
  • Article
    Lock icon Jodco to develop new oil fields in Abu Dhabi
    258 12 Reuter THE JAPAN Oil Development Company (Jodco) said yesterday it plans to spend more than US$l billion over the next several years to develop jointly with Abu Dhabi three major oil fields in the Gulf. Jodco's executive vicepresident Akira Nishida said
    Reuter  -  258 words
  • Article
    Lock icon More strikes since end of martial law
    248 12 AFP STRIKES have increased significantly in the Philippines since the lifting of martial law and trade unions are set to demand this weekend the removal of a strike ban in vital industries in the tripartite talks among the government, employers and unions. The
    AFP  -  248 words
  • Article
    Lock icon America prefers voluntary cuts in car imports
    599 12 Reuter, AP THE REAGAN Administration will concentrate on a voluntary rollback of Japanese car imports and will not support legislative curhs. But Congress would probably act if the administration were unable to work out a voluntary cut, transportation secretary Drew Lewis said. "There
    Reuter,; AP  -  599 words
  • Article
    Lock icon ITALIAN TRADE TEAM GIVES KL TOP RATING
    169 12 AFP MALAYSIA is the only Asian country given top priority by a visiting Italian trade mission in its investment plans. Dr Giovanni Signi Maccia, leader of a 16-member delegation from the Associzone Industriale Lombarda (Assolombarda), a trade association from Milafa, said in Kula
    AFP  -  169 words
  • Article
    Lock icon Reasons for M'sian cement shortage
    277 12 AFP TECHNICAL problems faced by the Associated Pan-Malaysia Cement (APMC) company and the cessation of cement imports from Singapore led to shortage of cement in Malaysia. Deputy Trade and Industry Minister Datuk Lew Sip Hon told the Malaysian Parliament that APMC, which built a new
    AFP  -  277 words
  • Article
    Lock icon Fears over Poland lift dollar
    195 12 Reuter FEARS about Poland pushed the dollar up against the deutschemark on world markets yesterday and kept gold more than US$l6 a troy ounce above Friday's European price. Italy's devaluation of the lira by 6 per cent during the weekend also gave the dollar some
    Reuter  -  195 words
  • Article
    New roads to be as wide as possible
    410 12 NEW ROADS constructed by the Public Works Department (PWD) will be built to their largest possible capacity. While this may mean that some new roads will initially be underutilised, it will save the public from being inconvenienced by road expansion works. Minister
    410 words
  • Article
    Scheme for fish farming
    127 12 THE PRIMARY Production Department is finalising a scheme for the private sector to undertake commercial fish farming projects in Singapore's coastal waters. The department has already identified several areas off Pulau Übin and in the coastal waters off Serangoon as designated fish farming areas. Entrepreneurs interested
    127 words
  • Article
    LONDON STOCKS
    638 12 LONDON, Mon. Government bonds closed lower today while equities were narrowly mixed after a dull session, dealers said. At 3pm, the Financial Times index was down 0.2 point at 500.7. Bbanks were weak on press comments after Midland's figures last Friday. Midland itself fell 15p while Barclays shed
    638 words
  • Article
    Lock icon DOW JONES STAGES MODERATE ADVANCE
    78 12 AP NEW YORK, Mon. The stock market staged a moderate advance this morning, following through on Friday's rally. The Dow Jones average of 30 industrials rose 2.88 points to 995.68 in the first half hour. Gainers took a 5-to-3 lead over losers in the early
    AP  -  78 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      186 12 BUSINESS NEGOTIATION In today's fluctuating business climate, negotiating skills are of paramount importance. Companies, nations and individuals work to tighter and tighter budgets, with the result that mistakes made during industrial, international and commercial negotiations have far more serious consequences This short course aims to develop and improve the negotiating
      186 words
    • Advertisement
      Page 12 Advertisements Column 2
      415 12 Seminar On JAPANESE PERSONNEL MANAGEMENT AND INDUSTRIAL RELATIONS April S 11,1981 (Shangri-la Hotel) Organised by: APPLIED RESEARCH CORPORATION (ARC) With the support of The Governments of Japan and Singapore National Trades Union Congress Singapore Federation of Chambers of Commerce Industry Singapore National Employers' Federation Can Singapore adopt Japanese methods in
      415 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      69 12 eWEAT.HERI Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally cloudy with showers in several places from late morning onwards. Report for 24 hours prior to 7.39 pm on March 23 at the airport. Maximum temperature 33.2 Associated humidity 56 Minimum temperature 23.7 Associated humidity 98 Hours of
      69 words
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  • SHIPPING TIMES
    • Article
      Lock icon Conference faces mass resignation
      253 13 AFP THE WORLD shipping conference system which regulates rates on regular lines is threatened by the possible collapse of the Philippines North American Conference (PNAC), according to Lloyd's List. This conference faces resignation by 11 of its 12 members, including three Japanese, unless an acceptable new
      AFP  -  253 words
    • Article
      Bergvall sets up its first overseas office in S'pore
      532 13  -  By JAN LEE BERGVALL Far East Pte Lte (BFE), a Norwegian marine insurance broker and underwriting agent, has set up its first overseas office in Singapore to meet the growing demand of the shipping industry in the Far East. The Singapore
      532 words
    • PORTSIDES
      • Article
        Lock icon Seattle Port strike
        61 13 Reuter The Port of Seattle said last week a strike by the Inland Boatmen's Union has not shut down the port. It said dock operations are normal, despite the four-day stoppage. Ships are arriving and departing without tug assistance, since most of the port's terminals are in
        Reuter  -  61 words
      • Article
        Lock icon New Abu Dhabi drydock
        54 13 Reuter A US$27 million drydock is to be constructed on Sadiyat Island, Abu Dhabi. The project, initiated by the government-owned General Industrial Corporation (GIC), will take two years to complete. The repair shipyard will have a capacity of 4,000 deadweight tons (dwt) and handle the servicing
        Reuter  -  54 words
      • Article
        Lock icon Charge reimposed
        87 13 Reuter The Far Eastern Freight Conference and the Sabah, Brunei and Sarawak Freight Conference said they will reintroduce a five per cent congestion surcharge on cargo for Casablana, effective April 3. The Conferences will also raise the congestion surcharge on cargo for Tripoli, Libya, to 10 per cent
        Reuter  -  87 words
      • Article
        Lock icon Currency factors revised
        132 13 Reuter A group of Far Eastern Freight Conferences have revised their currency adjustment factors (CAFs) effective April 1. The group includes the Far Eastern Freight Conference, Europe/Japan and Japan/Europe Freight Conferences, Hongkong Europe Freight Conference, Philippines, Europe Conference and Sabah, Brunei and Sarawak Freight Conference. The CAF
        Reuter  -  132 words
    • Article
      INDEX TO ADVERTISERS
      686 13 SMpfiag Um CM Achipelego VII 2 Adriatic IV 2 Afea VI 3 Airo-Eurasia VI 2 Ail Ira as VI 5 Alpac vi 5 Angkutan VI 4 Angonave V 1 ANL I 1 Antoll VIII 1 APL m 4 5 Argentine IV 4 ASCL in 1 Asia Merchant
      686 words
    • Article
      Container Schedules
      891 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Name Voy Estimated Shipping No. Time of Lines Arrival Gdn Mode of Operatn Date Time TohgoMaru 10-136 24.3.81 1500 Hangang Glory 3 24.3.81 2300 Ingener Yamburenko 2CW 24.3.81 0900 Ned Delft J093 25.3.81 1500 Nipponica 39/218
      891 words
    • Article
      LONDON FREIGHTS
      1479 14 THE CHARTERING market was featured on Friday by fairly active fixing of vessels with Far Eastern delivery for Australian round voyages, brokers said. Two vessels, a 76,000 tonner and a 57,000 tonner, were reported to have been secured with delivery Japan for Australian round voyages at U5514,500 daily
      1,479 words
    • Article
      SHIPS IN PORT
      494 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge L 7 (1500 after Asian Pleiad) 24 Bunga Melati (hauls 2m east after Corrientes n hauls) 33/34 Corrientes II (0530 hauls 2m east) 35/36 Equator (after Builder HI) 22 Futami Maru (1700) 42/43 Iran Nehzat (0600) 1/2 Jenson n (after Kim
      494 words
    • Article, Illustration
      Stevin anchors for Comex
      100 15 ATRACON (Singapore) Pte Ltd, a company angaged in offahore exploration and construction supply with offices in Jurong, recently delivered 8 pieces of 4,000 kg Stevin MK3 anchors for use on Comex Services' new maintenance barge Trojan. The barge will be working for SSP off Sarawak, Eaat
      100 words
    • Article
      Norwegian shipyard to build giant ro-ro ship
      419 15 NORWEGIAN shipbuilder Fredriksstad Mek Verksted has just secured a contract for building another of the world's largest deadweight roll-on/roll-off ships. The order, worth in excess of Nor Kr3oo million comes from Seaboard Shipping Services, a UK subsidiary of the Canadian company which chartered
      419 words
    • Article
      Journalist's tales on board a supertanker
      1269 15 HAIR-RAISING tales have been told by a Hamburg journalist who served as third mate on board a supertanker unsafe at any speed where one safety regulation after another was flouted. He signed on with papers obtained legally but barely worth the paper they were
      1,269 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2453 19 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 1 published at a maximum of three weeks.
      2,453 words
    • Article
      APL to try out two 45-foot containers
      243 20 AMERICAN President Lines (APL) has contracted Fruehauf Corp of Detroit to build two 45-foot containers. The prototypes will be tested throughout APL'S intermodal system to evaluate their feasibility for use in international trade against the standard 20 and 40-foot containers used today by
      243 words
    • Article
      Lock icon Vosper wins deal
      65 20 Reuter VOSPER Private Ltd of Singapore has won a $25 million contract from the Oman Ministry of Defence to supply five naval craft and support services. Four of the craft will be 25-metre fast patrol boats which will be deployed in waters including the Straits of Hormuz.
      Reuter  -  65 words
    • Article
      Aussie Shipping Registration Bill welcomed
      563 20 AUSTRALIA'S national right to register its own ships with its own flag has been asserted unanimously by the Australian Parliament, "on the voices" in the Shipping Registration Bill 1961. The 'Labour Qpposition agreed to the Shipping Registration Bill because it has been Labour policy for
      563 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      512 13 PIL GROUP REGULAR CONTAINER FEEDER SERVICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN GULF AND RED SEA PORTS. See Page V j UCMiM CONTAINER Schedules II LONDON Freights 11/111 SHIPS In Port 111 SHIPPING List VII REGIONAL Weather VIII n Orient Overseas Co*dcjMeA Line FULLY
      512 words
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      Page 13 Advertisements Column 2
      268 13 ISSEALORDIS m UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI PURPOSE SERVICES FULLY CONTAINERISED SERVICE AL WATTYAH V 12 Loading for Dubai (7/4) Kuwait (8/4) Dammam (12/4). Mina Qaboos (14/4) Abu Dhabi (16/4) Doha (18/4) Bahrain (20/4) Dubai (3/5). Kuwait (5/5), Dammam (8/5). Mina Qaboos (10/5). Abu Dhabi (12/5). Doha
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      Page 13 Advertisements Column 3
      749 13 IXVV \M\\VSS^ "T\ sinkapork business Times Per coccus Pubbccrton i\FOR Ik PEOPLE WHO MATTER MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC. GULF, ATLANTIC, EAST CANADA, ASIAN PORTS Vl'Vi TO m wr 2rjr Vi m Kelang Penang Sailed 28-29/3 4-5/4 11-12/4 18-19/4 25-26/4 2-3/5 9-10/5 16-17/5 Vessel ARILD MAERSK
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      829 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERN AD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** Mm Acccpbng For 1! Barcelona Genoa. 2) Amsterdam Antwerp I Havre. Bilbao Basle. UK 3) Bremenhaven Aarhus Copenhagen Helsinki 4) Mai mo Stockholm Oslo
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      Page 14 Advertisements Column 2
      247 14 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA SaOed M SjM Saied Saied 25/3 24/3 V« 5/4 7/4 10/4 7/4 U/4 20/4 4/4 22/4 25/4 KIT MBWAIS "BARBER PRIAM" Apr 4. "TSU" Apr "BARBER MEMNON" Apr 21 All VESSELS BERTH SMGAPOK AT MS TERMMAI COOOMN 47 TO: PANAMA US
      247 words
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      542 15 Overseas B B B Containers Limited Weekl> service to/from UK/Europe Australia Straits Container Line (A member of ANRO) RO W COWTARCTSHP SOtWCE TO/FROM AUSTRALIA Swire Straits Container Line (A member of J ASCOL Integrated Service) GLORY ACE 04N KAI SHUN 12N BOVALLA 24N FAMLY Ad MM a.our ace tm KAI
      542 words
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      Page 15 Advertisements Column 2
      342 15 fife Franco Belgian Services ibir Fn*.t Vrr .rh \»>m/v th Bt'loidfl t\ir KflStiTtl I.t*lfO imutm r kelaag iiHawi r*» H tw b-hi»» >erp CKKUn *03 hi Pat 25 Ma 1? Apr 13 Apr IS Apr 17 19 Apr MHEWTAI CHEF KOREAN lACEWON2S Ma 30 Ma 17 Ap II Ap 72
      342 words
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      847 16 Hapag-Lloyc TO NORTH EUROPE larpßay KMNmr Bar City Edrtwjh Ouki Baj> Qb* Mara TO MEWTEERANEA Chenafcr De Eton 28/3 30/3 NppOTci 7/4 9/4 Hakata Mara 10/4 12/4 TO NORTH EUROPE/MEDITERRANE A S port PKI P*n Bilbao Genoa H burg B'haver) Rdam Antwerp kigefiem w* 14/4? 16/4 17/5 16/5 14/5 11/5
      847 words
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      Page 16 Advertisements Column 2
      859 16 LIN 1 KOREA SHIPPING com P. Kefang PfNANG S PORE ALTAR 161W Sid In Port 25-26 March FROM BUS BANGKOK ALTAR 162E SM 25-26 March TO BUS AM GA 159* 14-18 April 19-21 April 22-24 March FROM BUS BANGKOK VEGA 160E 14-11 April 19-21 Apri 22-24 April TO BUSAf rsc
      859 words
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      Page 16 Advertisements Column 3
      390 16 EVERGREEN LINE FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE EUROPE FAR EAST EXPRESS FULL CONTAINER SERVICE J'R** N*"! T«*)P« Osaka Nun XaosJang Ever Large 27/03 31/13 2/04 7/04 1/04 »/04 12/04 Ever Voyager 0/04 10/04 12/04 10/04 17/04 11/04 21/04 twin* 15/04 10/04 21/04 25/04 2t/04 27/04 30/04 EvtrMgar 24/04 20/04
      390 words
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      Page 16 Advertisements Column 4
      1040 16 I Everett Lines Burn* Fivo Star Shipping Corpn. "BURMESE NATIONAL LINE" LOADMG FOR RANGOON B F.S.S.C. Aoenn m Moloyvo BOUSTEAD SHIPPING TEL NOS KL *****2/*****9 CompMM An—ti— Dt Q> Wiwciia luirwii—m S. A. C.I.F. m) "ARGENTINE NATIONAL LINE" U k I< I <•'' I Jmj 13. itv" <M M €«A
      1,040 words
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      Page 16 Advertisements Column 5
      475 16 Hao.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD SANKYO LINE JAPAN/STRAITS SERVICE SHUHEI MAftU ARLENE HAKKAISAN MARU HOKO MARU GLORIA ACE PAZ ESTRELLA WESTERN RIVER MAY PRMCE AQUA PROCESS GEMRAL AGENTS COW*** BOOK KG OCCAM SMPPM6 S'PORE lEL *****44/7 Mlkl-S CONTWO P. KELANG TEL (347. 4973/4 SUB WWTS P KELMK EAST ASM
      475 words
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      788 17 L. PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH, JEDOAH AQABA (Reefer Cntrs Acceptable) 1 S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ H'KONG 3 SPORE 1 BANGKOK SPORE H'KONG 1-2/4 4-5/4 9-10/4 9-10/4 12-13/4 18-19/4 12-13/4 18-19/4 22-23/4 28-28/4 22-23/4 28-29/4 2-3/5 8-8/5 EAST AFRICA/REDSEA SERVICE COLOMBO/KARACHI/P. GULF SERVICE
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      Page 17 Advertisements Column 2
      780 17 Lit* BEN LINE CONTAINERS TO EUROPE Larp Bay Kowtaon Bay City ol Edabvgb Osaka Bar EktMaru Benattow Hongkong Eiprtss EXPRESS CONTAINER SERVICE TO/FROM EUROPf H BURG e HAVEN ROAM HAVRE SO TON S port P Ketang German,' Austria Aatacp France AO UK »/J a/3 14/4 11/4 19/4 22/4 14/4 4/4
      780 words
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      Page 17 Advertisements Column 3
      566 17 IP--01 ill ScanDutch^ WEEKLY EXPRESS CONTAINER SERVICE »2>rdaa 3)H b«rg4)G barg ft jb I i T' 7 V i" V I DAHLIA SM I PINAGA 27/3 B DAHLIA 4/4 B PENftGA 10/4 B DAHLIA 17/4 B PfMGA OAHLM 1/5 I) Barcelona. Genu lafkorn 2) tKtKiM Antwerp It Npwe Mao. Bask.
      566 words
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      Page 17 Advertisements Column 4
      625 17 BOUSTEAD SHIPPING AGENCIES SINGAPORE eto Reunion Durbon Copetow Pt Eliz BANK LINE FOR REUNION SOUTH AFRICA BALDER ZEA DAWN Lukes Lines U.S. WEST COAST SERVICE Dwd how SFO Ibcti SPORE LESIE LYKES Std Sid 14/4 ASHLEY LYKES 18/4 13/4 14/5 BMNTOH LYKES 30/4 30/4 31/5 tor S Be Tat VBC
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      817 18 I K line KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA FEEDER VESSELS* Earfer feeder letHh aha a«adaMe on request C*D« also KCtpJrtlt lor Oakland. *ancou»er Portland Houston Galveston. New Oriei Boston St Wn. PfcfeMpfe Nor** Baltimore Sa.amaX lack son* TO EUROPE FROM EUROPE TO FAR EAST Vessels
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      Page 18 Advertisements Column 2
      705 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE tar: lOS ANGELES. SAN FRANCISCO SEATTLE. TACOMA VANCOUVER B.C Acctptmg fa/fa Cant won «ur VST SB" ift" AUSTRALIA EXPRESS CONTAINER SERVICE Accaptoig Fa/Fa Cantamn PKelang Spore Bri Me* AM Sid Fi P "ear* S port 13 Apr 14 Apr 7 May 8 May
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      Page 18 Advertisements Column 3
      594 18 H (iroiii) SINGAPORE SHIPPING AGENCIES PTE LTD 20TM FLOOR OCEAN BUILDING SINGAPOHE 0104 MARKETING *****2 13 LINES) GENERAL *****1 <14 LINESi TERMINAL OFFICE *****83 TELEX RS 24b96 RS ***** A B CARSHIP CABLE CARGOSHIP g® ,Niu Container liines WEEKLY CONTAINER SERVICE to/from BANGKOK pony SKI BHUM WN PONY SMI BHUM
      594 words
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      Page 18 Advertisements Column 4
      621 18 PTE KORINS MARITIME SERVICES to Room 601 !CB Buildmq Sf"»enton Way Singapore Te< *****22 *****67 P Kolang Te 1 367(X)4 *****5 MIDDLE EAST/RED SEA/EUROPE SERVICES vmm mi. ami** 5..... f KELANG LOAttNG FOR Bandar Abfeat B Kl Bam6.ii Crambo MaMgatart/Karacfc Kuwait Daman SAM ICK LINES A member of ttie Samict
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      Page 18 Advertisements Column 5
      819 18 4" INTR ASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone **********4057 —won SERVICE TO EUROPE S parc P. Katun Penanf Loada* Jar: 5 Apr 31 M* BOULOGK/RItAM/ UK(AVtM) Afa«tt Sa«( apart MTRASEA (Ml) LTD 2352(11 BOQKMC *****57 no SNPPW6 A TRAOMG 4*0644. 4M742. *****1 MTER OVERSEAS MAJtfTM
      819 words
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      547 19 TO EUROPE/UK (VIA SUEZ): K lACEWON 12W+ MERCATOR 22 W K. JACEAN 9W N. JADE 2W HK CONTAINER 25*. Also accepting cargo to/from Scandinavia +K. JACEWON S'pore Closing Times: FCL Cargo 0300 28/3 LCL Cargo 1500 27/3 FROM EUROPE (VIA SUEZ): 0. CHEF 23E -.Sailed N. JADE IE Sailed HK
      547 words
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      Page 19 Advertisements Column 2
      388 19 MALDIVE LINES ETA ETA ETA STORE KUANTAN TORT KELANG MALDIVE NOBU 28/3 Loading For Jebor All MALDIVE PIONEER 2/4 Loading for Jeddah MALDIVE NOVEL 30/3 Loading for Kuwait MALDIVE PRIZE 28/3 t Loading For Bahrein/ Dammam/Kuwait MALDIVE IMPORTER 2/4 Loading For Male MALDIVE NEIGHBOUR 15/4 Loading For Dubai/Kuwait MALDIVE UNITY
      388 words
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      Page 19 Advertisements Column 3
      330 19 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE ITD SINSOV BULDMG 55, Market Street Singapore 0104 Telephone Numbers *****3 (10 Lines) Cable Address SMSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG KWMG M/S SHARKAT NAM SOON SON. BW). IST AND 2ND FLOOR. MESSRS HM THONG SHPPM6 23 WeM
      330 words
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      448 20 A ANTOLL LINES Direct B Ls to BRISBANE SYDNEY ME LB tGEELONG). ADELAIDE Independent FCL Container/Conventional Liner Service SINGAPORE L N SHIPPING PIE LTD 1401 5 Robwa House Shenton Way Sniapore 0106 Tli RS ***** Tel *****11 Bk t s *****43 ?210f23 jfltST MALAYSIA HSH (M) Sdn Bhd KL Tel
      448 words
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      Page 20 Advertisements Column 2
      421 20 ft JOHORE SHIPPING LY 161 JALAN TENGKU BAOAR PORT KfcIANG SELANGOR MALAYSIA HAJ SHIPPING SDN. BERHAD i Express Unitload Service from P. Ketang East Malaysia Brunei HAYATI V: 5/81 HAYATI V: 6/81 HAYATI V: 7/81 HAMDAH V: 5/81 HAMDAH V: 6/81 HAMDAH V: 7/81 P. KELAN6 Loading for 4/4 KK.
      421 words
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      Page 20 Advertisements Column 3
      365 20 THAI YANG SHIPPING CO. SDN. BHD. »o T No MtUnf Pllfcrtll nWTMB WT 3/11 II 19 M» IN Mv MAI YAK «0T 4/11 l/t Apr Mr MV CHOON TARE «OT 1/S1 k Pgrt Mn/KX NAM HUA SHIPPING SDN BHD manmmmm no 3 1/11 m MM MM M> 3 2/11 •MSBMMMM
      365 words
  • Page 20 Miscellaneous
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      163 20 u Regional Weat 6 T m > at V®„, m o s sW z A'/< a* ?Q«i J «2S SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c Wim Wind direction with speed in knots R Thunderstorm Temperature °C Shower N Weather s-Y Wind direction with speed in
      163 words