The Business Times, 13 April 1981

Total Pages: 20
1 20 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 MONDAY, APRIL 13, 1981 60 CENTS
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  • BRIEFLY...
    • 61 1 Reuter BAHRAIN, Sun. Three Gulf countries are considering building a large plant in Bahrain to process heavy fuel oil into lighter and more valuable products. Bahraini officials said the plant, which may cost up to US$6OO million, would process oil from the country's main oil refinery and from
      Reuter  -  61 words
    • 63 1 Reuter KUANTAN, Sun. The Malaysian government has decided to maintain its ban on the Tamillanguage newspaper, Tamil Malar, Malaysian deputy Home Affairs minister, Sanusi Junid, said today. The daily was suspended last November after it published an article critical of Islam, Malaysia's official religion. The item drew
      Reuter  -  63 words
    • 68 1 Reuter PAKISTAN, Sun Former attorney-general Yahya Bakhtiar, a prominent opponent of Pakistan's military government, was beaten up in jail by prison officials, his family and lawyers reported today. Mr Bakhtiar, 59 and a chronic heart patient, was jailed on March 31 for alleged election rigging in the
      Reuter  -  68 words
    • 101 1 Reuter JEDAH, Sun. King Khalid opened a new US$5 billion airport at Jeddah today to provide a pilgrim gateway to Mecca and try to turn Saudi Arabia into a new airline crossroads of the Arab world. Officials said they hoped airlines would increasingly use Jeddah as
      Reuter  -  101 words
    • 56 1 Reuter BAHRAIN, Sun. The first Arab bank designed to channel petrodollars into the Far East will open soon in this major Gulf financial centre. The Kuwait-Asia Bank, founded mainly by Kuwaiti companies, plans to find new investment opportunities for Arab money in the growing economies of the Far
      Reuter  -  56 words
    • 70 1 AP JAKARTA, Sun. The captain of the Singaporean ship "Cherry Ruby" who shot the first engineer during an argument on board last week has given himself up to the Indonesian police in Lhoksemaue, Aceh (North Sumatra), police sources said today. It was not immediately known if Captain
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    • 79 1 Reuter CAPE CANAVERAL, Sun The US shuttle Columbia blasted off from here today and became the first reusable vehicle to fly in space. Riding a plume of yellow flame and a column of white smoke, the unique space ship climbed straight into the blue Florida sky after a
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  • 109 1 THE following is a list of the 1« most actively traded stacks an the Stack Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1981 CMnpMY TsnMver Prices fflgk Law •m Apr If
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  • 181 1 SINGAPORE Apr« Apr? Aprt Apr* Apr It BT Index: *****.74 *****.55 ***** 07 *****.37 *****.91 •Industrials: 835.52 831 75 830.52 829.99 821.78 Finance: *****5 1636.71 1640.82 1647 27 1646 94 ••Hotels: 1335.33 1322.62 *****8 *****2 1311.29 •Properties: 803 51 803 60 807.63 815.01 817.24 'Minings 404.25 404
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  • 594 1  -  LOSS OF 30pc IN SALARIES By ALVIN TAY SENIOR officers of the Monetary Authority of Singapore (MAS) who were recently asked to leave have been offered appointments one rung lower in the Civil Service. For many of them, the offers represent substantial pay cuts
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  • 265 1 PENINSULAR Malaysia will reduce the export quota for timber logs this year by half a percentage point to l'/2 per cent of total log production. Primary Industries Minister Datuk Paul Leong said yesterday this was in line with the policy to reduce the percentage of
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  • 682 1 THE Development Bank of Singapore will become the first local bank to co-man-age a Euro-Asian yen bond issue. DCS is one of M cotiua ragers for the Asian Development Bank's (ADB) latest issue of yen bonds worth 15 billion yen (about Sslso million). The 10-year bonds,
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  • 329 1 SOME of the big-time financiers of the illegal 7,200 hectares of oil palm and rubber plantations at Kuala Kabung Satu, Kulai near Johore Baru have gone into hiding to escape prosecution. "We will get them eventually and bring them to court," state secretary Dato Sulaiman Mohamad
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  • 273 1 UNITED Overseas Bank (UOB) undercuts Ike Development Bank of Singapore (DBS) when it Ivwers Its prime tending rate by half a point m 12 »i per cent from today. DBS had earlier decided to eat its rate by a quarter point
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  • 475 1  -  By LILLIAN CHEW THE Skills Development Fund (SDF) has reversed its liberal policy of granting in-principle approval for short and ad hoc courses organised by both Government and private training institutions. The institutions affected by this new ruling are the Vocational and
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  • Page 1 Advertisements
    • 8 1 A helping hand when you need it most
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    • 87 1 Lovely to look at, delightful to hear and heaven to own! m A That's TCM-280, the slimmest of its kind This streamline Sony microcassette corder comes encased in a chic brown leather pouch.. A versatile companion, it's ideal for every occasion from meetings to parties. Its features include a 3
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    • 70 1 MARKETING Is ft crucial Aspect of modern economy 2 DILEMMA over investment »nd consumption 3 TAIWANESE shoe industry upset over US quota 5 SHIPPING TIMES HIGHLIGHTS of this year's choir festivfti THE origlnfti lithographs of Honore Daumier...........—....... 1 SHARP rise in American money supply TV AND RADIO WHERE TO WINE
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    • 54 1 Internationally recognised as trend setters. MODERN MANAGEMENT READINGS L Times Bookshops Timrs Orchard Ontre Robinson's John Lirrle s LUCK V PLAZA SPECIALISTS'CENTRE PLAZA SIMGAPUfiA M 106 OfCtiard Road o»c*>ard Road Tel *****22 O'chard Rosd T»t *****6#* Smqapore 0923 •CLIFFORD CENTRE ROBINA HOUSE Tel *****71/*****18 R»Mi*s P'ace T e t 9263?
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  • MANAGEMENT
    • 1230 2  -  Marketing is a crucial aspect of the modern economy, a fact that Singapore businessmen have only recently begun to realise. Many have started to invest in marketing textbooks and in training programmes, but there is that danger of missing the forest for the trees. In his recently published
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    • 160 2 HOW do you improve the productivity of your sales force? How do you improve your marketing? Mike Wilson, managing director of the Londonbased Marketing Improvements Limited, will be in Singapore in mid-May to conduct two one-day seminars on these subjects. Designed for senior sales managers, the seminar
      160 words
    • 472 2  -  With MARGARET THOMAS Title: Computer Consciousness Surviving the Automated Mb. Authors: H D Cowey and N H MeAUster. Publisher: Addlson-Wesiey Publishing Company. Price: USSS.K. THE title of the book should strike a familiar chord in the Singaporean. Computer consciousness is very much
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  • Page 2 Advertisements
    • 250 2 When you're given extra responsibility, you expect to be given extra power. You're moving to the top. There's a car every bit as special as you are. k matches your drive, and like you, is a class above the rest. The new Mercedes-Benz 230 E. Powered by a new generation
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  • 686 3 Reuter PRIVATE enterprise, still alive and thriving within the predominantly statecontrolled Cuban economy, has been encouraged still further by new laws. Examples are the free peasant markets where farmers sell their produce directly to consumers, and the island's many self-em-ployed plumbers and hairdressers.
    Reuter  -  686 words
  • 1012 3  -  By DILIP MUKERJEE Depthnews IS Indonesia using its burgeoning revenues from oil wisely? "No" is the answer from its own economists and from such agencies as the World Bank to which the country looks for financing. However, critics are overlooking the political imperatives which oblige
    Depthnews  -  1,012 words
  • Page 3 Advertisements
    • 326 3 KOTLER Probably the foremost thinker and writer on marketing in the world today, on Marketing Strategies in a Rapidly Changing World Economy In a changing world, markets are also changing at a bewildering pace. Marketing people must confront new pressures, conflicts and uncertainties, and still produce an acceptable level of
      326 words
    • 94 3 Frankfurt en route to Amsterdam, on time, on Lufthansa. r A You can leave Singapore at 2120 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 0240 hours every Monday and Thursday and
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  • RAW MATERIALS
    • 948 4 LONDON commodity markets last week showed early gains before Soviet President Leonid Brezhnev's speech in Prague, but, as it was conciliatory and tension about Poland eased, the markets turned lower afterwards. Currency considerations continued to play their part, with sterling's early fall
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    • 914 4 COFFEE: Robusta futures ended a quiet featureless Friday to close £2 to £4 a tonne lower, dealers said. There was very little trading interest from either side of the market while physical business continued to be limited. May continued to trade at a premium to other months and
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    • 154 4 RUBBER futures closed steady last Friday, 0.90 to 1.10 pence a kilo higher with prices supported by short-covering and book-squaring ahead of the weekend. Dealers noted that there was no fundamental news to affect the market while physical offtake was poor. Prices in the afternoon moved in line with
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    • 279 4 THE Singapore predate exchange saw another week of dull trading last week when prices of commodities hovered around the previous week's levels. Demand was slack and amounts transacted were small. The variables contributing to the past weeks' lacklustre trading remained to haunt the market,
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    • 204 4 CHICAGO soybean futures last Friday finished down 22 to 25 j US cents a bushel in revived trade. Late follow-through local long liquidation on predictions of significant rainfall for major US bean crop areas during the weekend held values at or near day's lows. Epectations of increased country movement
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    • 157 4 WHEAT futures in Chicago last Friday closed 4 to six US cents a bushel lower in extremely thin dealings. Prices declined from the start as locals liquidated long positions ahead of rains predicted for major winter wheat crop areas during the weekend. Private forecaster Conrad Leslie's increased winter wheat
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    • MONEY AND EXCHANGES
      • 197 4 THE US dollar last week rose on the back of firm interest rates in America, opening at 2.1030 against the Singapore dollar, about I'* cents higher than the pievious week's opening. The presence of a large buyer on Tuesday caused the rate to soar to the week s
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      • 22 4 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 13.29 per cent.
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      • 298 4 THE domestic money market was relatively easy last week with the bulk of the overnight funds changing hands between 7 and 10 per cent although the range was 3 to 15 per cent. Market sources attributed the easy money condition to inflow of foreign funds and some foreign exchange
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      • 336 4 GOLD prices fell considerably last week from the peak of US$535 a troy ounce on Monday to as low as $485 by Friday a loss of $50 in five trading days. The advance in price at the beginning of the week was in response to concern over a possible
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      • 372 4 TOKYO share prices last Saturday gained further ground with the market average reaching a record high for the second consecutive day. Dealers said the average rose 13.54 to close at a record 7,530.85. with a volume of 400 million shares. The Tokyo Stock Exchange index closed at 548.77,
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      • 196 4 ASIAN RATES ASIAN eaireaey average deposit rates far the week ended April 19: LSI (Bid price*) High Low 7 days 15 13/16 12 13/16 1 month IS 13/16 14'* 2 months 15 13/16 14 15/16 3 months 15 13/16 14 15/16 6 months 15 13/16 14 15/16 9 months 15
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      • 43 4 FOR THE week ended Saturday April 11, the range of call rates received from Short Deposits (M) Bhd was as follows: Bank fond: One per cent to 5 per cent. General fond: 4.7 per cent. Movements of funds totalled $826 million.
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      • 929 4 THE NEW YORK stock market last Friday closed narrowly higher in heavy trading as early strength gave way to caution ahead of the weekly banking figures. The Dow Jones industrial average added a fraction but other indices weakened while advances edged declines eight to seven. Turnover
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  • Page 4 Advertisements
    • 396 4 A COMPANY THAT PLANS ITS BUSINESS EFFECTIVELY SHOULD BE ABLE TO PLAN ITS OWN OFFICE SR°CE LIKEWISE. GETZ CONCEPT 80 OPEN PLAN SYSTEM FOR THE OFFICE REFLECTS EFFICIENCY AND GOOD BUSINESS SENSE. V ■m > V. Studies have indicated that the total office layout is as important as managerial skills
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  • OVERSEAS
    • 222 5 AP INDONESIA will continue its active and free foreign policy although world conditions have changed lately. Speaking at the inauguration ceremony last Saturday of eight new Indonesian ambassadors at the state palace. President Suharto said "free and active foreign policy will guide
      AP  -  222 words
    • 371 5 AP TAIWAN'S footwear industry, concerned about the possible US continuation of quota on shoe imports from Taiwan, has asked the government to lodge an official protest. Reports from Washington on Thursday said the US International Trade Commission recommended to President Ronald Reagan
      AP  -  371 words
    • 269 5 UPI AMERICAN and Japanese officials moved quickly to head off political damage from the sinking of a Japanese freighter which was rammed accidentally by a US nuclear submarine that left the scene soon after. The US ambassador to Japan. Mike Mansfield, called
      UPI  -  269 words
    • 243 5 UPI PRESIDENT Marcos dealt his opponents a blow by rejecting their demands for a 120-day presidential campaign. Marcos said he hoped the interim parliament would opt for a 45-day campaign. He also released official returns of the plebiscite held early last week in which voters
      UPI  -  243 words
    • 173 5 Reuter SOVIET Union, the world's biggest oil producer, will face increasing stress in its energy system in the 1980s. A Nato meeting on energy in the communist trading bloc. Comecon, concluded last week that increases in demand will outpace production growth. Exploration, production and
      Reuter  -  173 words
  • Page 5 Advertisements
    • 413 5 The daily Aircraft Schedule has been held over. Flight information by telephone can be obtained from the airport (*****8) •r from the respective airlines: SIA *****41/*****48, Garuda *****7, MAS *****2, CPA *****7, Qantas *****11, BA *****91, KLM *****1. The Executive Link.Or the Manila Connection. 7times a week. b)a minimum travel
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    • 189 5 ff. V V 4 fc v n f w tlfcal* J You could hardly call the Victoria Bar at the Cockpit a bar anymore. It's more like a gracious lounge. And it s certainly not Victorian. The Vic is stepping out in style. Nestled on the ground floor of the
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  • REVIEWS
    • 1001 6  -  By PATRICIA GOH THIS must be the month for songs and singing. Local and foreign choirs will be performing wideranging choral works from Haydn to Schubert to folk songs. The annual Festival of Choirs, which began last Friday, will be on until April 26
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    • 731 7 HONORE Victorin Daumi- er, printmaker. painter, watercolourist, draftsman, sculptor and one of the greatest political and soJcial caricaturist of 19th •century France was the Tson of a Marseilles glazier. Born in 1808, he came to Paris with his father in i 1816, there to earn his keep
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    • 552 7  -  By S W TAN Title of Record: James Galway plays Stamitz. James Galway Flute. Irish Chamber Orchestra conducted by Andre Prlenr. (RCA RL *****). Title: James Galway: Soags of The Southern Cross. James Galway Flute. The Sydaey Symphony Orchestra conducted by David Measham. (RCA VRL 7371)
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    • 709 7  -  By CHRIS YAP the contemporary Australian Printmakers exhibition now on at the National Museum Art Gallery until Thursday gives an excellent opportunity to those interested in learning about this versatile art form. The National Museum and the Australian High Commission are to be commended for
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  • Page 6 Advertisements
    • 506 6 WORKSHOP ON INVESTMENT OPPORTUNITIES IN INDONESIA: PLANTATION AGRICULTURE AND AGRO-INDUSTRY 13-14 May 1981 Hotel Borobudur Intercontinental, Jakarta, Indonesia DAY ONE 13th May 1981 8.-00 a.m. Registration DAY TWO 14th May I®Bl WW aou. 9:15 a.m. Speakers: Introductory Remarks by K. Sindhunatha SH, Chairman, Board of Directors, INVEST INDONESIA PTE LTD
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  • Page 6 Miscellaneous
    • 425 6 LEISURE TIME CONCERTS SCHUBERTBUND Men's Choir from West Germany. The choir, dedicated to choral singing in German, will present the immortal works of Franz Schubert. At Victoria Concert Hall 8.30pm. Tickets at $15, $10, $8, $5, and $3 from C K Tang, Cold Storage and National Theatre. THE Festival of
      425 words
    • 797 6 1| Nightmare in Dallas DALLAS fans will be home tonight, eagerly awaiting yet another Installment in this very popular soap opera. Tonight's episode is entitled Nightmare. Jock and Miss Ellie find the gun that was used to shoot JR. CUff Barnes is suspended from his joh, Bohby is frustrated by
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  • Page 7 Advertisements
    • 180 7 THAI JUMBOS TO EUROPE WE'VE ADDED TO THE HERD Visiting the great European cities with Thai is becoming increasingly convenient. Now with additional flights to our fleet, you can make frequent departures on our magnificent 747s to seven super European destinations. Convenient daily flights depart Singapore 7.20 p.m. with connections
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  • Page 7 Miscellaneous
    • 60 7 BjiStcfW':FrtuJcl)ictoajS ESSE I'LL LET NOU IN ON P* LITTL£. SeCflE-T pys N7 e u_lNG P\ND ScRE-PtmiNG I NQTICBD HOUJ aoSHV HIS evJGBRDtJS P>«E, PiMD 1 COMC€.NTOFVr£jD QM ThOS£, CL£.M£g STuff £j-| p UJP*SN'T uSTfchllNO Do YOU ICNOCJ YOU'RE. P* S>Ffc>T Con,MG, UP ON T *e &ND OF YOOR OLD FuDGC
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  • MARKET REVIEWS
    • 1477 8  -  Ij|dl London lti By GERALD COLVERD ONE OF THE MOST impressive additions to a film script was made by actor Orson Welles in his role as Harry Lime in Carol Reed's "The Third Man". The comment ran: in Italy for thirty years under the Gorgiarthey had warfare,
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    • 629 8 ww MM K.Lumpur THE KUALA LUMPUR stock market turned slightly cautious and selective last week after several weeks of firm trading. Conditions were mixed for the greater part of the week but some brief support at the start and late on Thursday generally helped to buoy up
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    • 323 8 PI Sydney M m ALTERNATIVE energy stocks took the limelight in trading on the Sydney Stock Exchange in a week of volatile trading which saw a boom, a sharp reaction and a recovery in the space of five days. The major event came in the form of a
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    • 302 8 U T k, j AFP THE TOKYO stock market scared m a broad front last week ia u unprecedentedly heavy bayiag stampede paced by foreign investors. The Dow indicator was hitting records dally, breaking through the yen harrier for the first time ever. The sole
      AFP  -  302 words
    • 532 8 York AP AMERICAN Telephone and Telegraph hasn't sold for more than US$66 or less than $39 in the last 15 years, and its stock chart looks like the surface of a pond on a dead calm summer day. About the only excitement it ever
      AP  -  532 words
    • 162 8 THE SECURITIES Exchange of Thailand recovered virtually unscathed from the aftermath of the ill-fated coup and, shortened by the holiday last Monday, moved narrowly to close mixed. Turnover picked up slightly in a week that produced a creditable performance considering the number of issues that went ex-dividend
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    • 1260 9  -  K 1 Singapore By WONG SOUK YEE BLUE CHIPS and heavyweight issues were given the cold shoulder at the Singapore Stock Exchange last week and the market consequently (altered. Reflecting the unsteadiness and the lack of support in these counters, the Straits Times Industrial Index suffered a
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    • 2886 9 1981 High Low Company Last Sale orGr'a Div Div C'vr Gr'a Y'ld Net P/E Vol (OOO) Week High Low SECTION ONE INDUSTRIAL COMMERCIAL 360 225 290 420 184 940 550 430 320 130 161 330 no 650 322 360 Acma Alcom Allied Choc BAT Bata Ben Berjaya
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    • 719 9  -  Week ended April 10 Compiled by JULIANA TAY SCRIP ISSUE Geattaga: Proposed bonus issue of one-for-one Unt Tla: Proposed bonus issue of two-for-five. M Glut: Proposed bonus issue of one-for-two U M W: Proposed rights issue of one-for-four at $2.50 per share. OTHERS Geatlag BU
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  • Page 8 Advertisements
    • 209 8 SAVINGS ACCOUNTS'- 9%% p.a. Deposit and withdrawal at any of our 51 branches. FIXED DEPOSITS: 9%% p.a. for 1 month 9%% for 3& 6 months p.a, 10% p.a. for 9 12 months PRIME RATE: 12%% p.a, EFFECTIVE 13 APRIL 1981 UNITED OVERSEAS BANK CHUNG KHIAW BANK LEE WAH BANK Singapore's
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    • 303 8 TSINGTAO sth month lucky draw 1 prlze $4,000 CASH 2prize $2,000 cash 3PRIZE $1,000 CASH 4PRIZE 500 CASH sprize 250 cash 6th-10prize 100 CASH 1,000 CONSOLATIONS PRIZES 1 T-SHIRT EACH. 4 W- -I a HOW TO ENTER: 1 You wMrteaiMS lucky draw coupon with «««ry big botltoof Tatogtao Beer or
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  • Page 9 Advertisements
    • 137 9 The optimal range. by IBP I*4 4 ''irqjj I BP's HOG AN AS range ofceramic tiles have unique properties that enable them to stand up to the toughest wear and tear under the most demanding environment. Practical and ideal in application for industrial buildings and have been used for some
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 134 10 APR 10 Fls *****xri Ahold 7120 -08 22 80 -03 9i30 -08 102.00 -02 Amrobnk 56.10 unch 46.00 0.5 55 20 0.1 BorsumiJ 216.00 0.8 Burhmann aoso 02 35 00 0 8 iaa.oo 3 TOO -0.5 144 00 unch 36.50 -11 150 00B 38 80 12 8130 0 9
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      • 258 10 APR 10 Frs CORBEILLE Air-Liquid* B S N Oenral* Danone CSF (Thoouon- 488 1087 300 50 -S >2 Cl* Krancal** dei Petrol«» Comptfnx Financier* CompafnM General* Credit Fonder De Franc* Hachette (Ubralrtc) Machine* Bull Mlchelln (B) 216-50 308 308 322 so 785 381.00 0.5 -2 unch unch unch Pechlnejr
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      • 205 10 APR 10 Din Aef-Tdefunken <370 unch Akxo 20 SO -03 Allx Leben 1030 00 10 Ailt Vara moo 3 BASF 132.90 -06 Bay H T Wtuik 1SOSO 1 Bsy Vbank 281 70B 126 30 84 BBC 272 OOB BMW 176 00 Chcm Verw 240 OOB I Commersbank 132.00 unch
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      • 94 10 APR 10 Fri FORWARD MARKET ActC 283 -6 Arbtd 13a 8 Ajtur 410 10 RrtKi" 1004 4 Bru-Lamb 1082 2 C&npac 1500 -10 Cock 171 4 De Bc«n 306 3 Ebei 1540 -45 Electrobel 2986 36 Gb-Inno-Bm 2015 20 Or* 1340 -8 Hobok 2330 -20 Pflwi 4540 -110 Ry\
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      • 183 10 APR 10 Francs Action* Sulsses 211 -1 AluiuUsr Br 1060 •15 Alusulsse Ret 416 Brown Boml Br 1386 -20 Clba Of® Br 1196 40 Ctba o«hj P C 175 10 Clt* Ocl«7 H'J 577 unch Credit SuUm Br 2356 uncti Credit Suisse R*f 422 2 Elekuowau Br 2440 10
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      • 103 10 APR 10 Ure Ante 906 5 Assoc Gen *****0 3000 Bastofl $80 >0 Central* §190 300 Flat 2349 -46 Plnsider 16 •75 Qen Immot) 2381 35 IFl Prl 7360 -51 ItaJcemenu ***** -1560 1 taigas 1101 -18 ItaJsider 315 IS Ma«neU M Pf 1030 -30 Mare 111 Ere susp
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    • 211 10 APR 10 ct A MUM 27** 4 A lean 45 4 Alfom* 11 474 -4 Bank Mont _> 30-i uncli Bank Nova Scotia Bell Tel 18* unch Beth Corp BP Can Ltd !ZZ 434 4 Brascan 31^ 14 Camp Red Lake fllK -4 Can Imp Bk 4 Can par
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    • 310 10 APR 10 Rand INDUSTRIALS A Alpha 440 unch Abercom 406 ft AE And CI 175 -5 ftMir 2500 -25 Barlows 1040 -25 Cf SufmjrW* 1800 535 unch 5 Currie Ftmnce 220 -10 De Beers lnd 3900 900 Ldcon 000 unch EdgSkTS Cvertsdv Fed Vols 906 unch Puflt 250 -ft
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  • Page 10 Advertisements
    • 671 10 See Page 4 for Tokyo stocks and NYSE prices "The American Express Card serves you well, wherever good food is served". ere to w e and in q Get away to Sentosa Costs only HALF AS MUCH if you're residing in Singapore It's easy. Just book our chalet units, and
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    • 228 10 <5 A 1 I s The Dragon Palace Restaurant is where you can dine in regal splendour and dance to the mellow sounds of yesteryear with The Zodiac". Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome' a Cockpit Hetd Oxiey Rise/Penang
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  • MONDAY SPORTS
    • 687 11  -  By RONALD KOW PICTURE yourself sitting In the grandstand benches of the National Stadium the previous weekend watching the Ovaltine International soccer match between Singapore and Malaysia. There was Malaysia making substitution after substitution, the first of which saw James Wong limping out early
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    • 525 11 Reuter TAIWANESE veteran Ho Ming-Chung yesterday captured the US$lOO,OOO Taiwan Open golf tournament, the eighth leg on the Asian circuit. In a final round dominated by his compatriots. Ho, 37, shot a two-under-par 70 on the final round at the 6,825-yard Hsin Fong
      Reuter  -  525 words
    • 1124 11  -  SICC OPEN INVITATION RON KOW THE Singapore Island Country Club's 1981 Open Invitation Competition for amateurs played during the weekend turned out to be a two-man show. The stars were young Chang Rea Woon, of the Chang Chung-Fa golfing family, and
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  • Page 11 Advertisements
    • 287 11 NOTICES C <^ f Miif 1! BOc I IMJa tmmo k sa I GOLD COIN LIMITED RESULTS FOR 1980 The unaudited results for the year ended 31st December, 1980 are (figures in S$000):GROUP 1980 1979 COMPANY 1980 1979 Turnover Trading profit Dividends, gross Share of associated companies' results Profit before
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    • 20 11 ■ll' Even Autograph' IB! i it HANA MANDLIKOVA Kramer Autograph' wrs with the Wlson T2OX JIMMY CONNORS 3 B £5355
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  • Page 11 Miscellaneous
    • 770 11 I t -H-OH CBOSSWOBD CRYPTIC PUZZLE ACROSS 9 It's ornamental and doesn't play dreamy music! (5, 4) 10 Meant to play about, you think, for fun (9) 12 Thought half each came to 499 (4) 13 See inside, just as before, a dancing girl (6) 14 Goes over one's adversities
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  • 354 12 THE FIRST Asean travel forum will be held in Kuala Lumpur this October as part of a joint effort to promote Asean as a tourist destination. The week-long forum, beginning October 18, will be organised by the Tourist Development Corporation (TDC)
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  • 289 12 AP AN AMERICAN farm specialist said the Japanese fear the Reagan Administration may impose an embargo on the export soybeans to Japan in order to control Japanese car imports into the US. "Embargo is a term that just sends, really, chills through the Japanese." said
    AP  -  289 words
  • 254 12 AFP POULTRY farmers in Selangor will export five million eggs, at the rate of one million a month, to Hongkong between September and January next year. The decision to accept the orders from Hongkong was made at a meeting of the Selangor Livestock
    AFP  -  254 words
  • 334 12 NYT THE prospects of finding more oil and gas in the US are severely limited and future discoveries will be considerably smaller than most analysts have predicted. A two-year study for the Federal government by the Rand Corp, a research group based in Santa Monica,
    NYT  -  334 words
  • 156 12 UPI RIOTERS in a London ghetto fought a pitched battle with molotov cocktails, bricks and bottles against 1,000 unarmed police on Saturday in mainland Britain's worst rioting for decades. Scotland Yard said at least 97 policemen were injured, five of them seriously.
    UPI  -  156 words
  • 208 12 UPI JAPAN has teaUttvely agreed to extend USsstt million la long-term lawInterest credits to China to revive Ike steel aad petrochemical projects which were scrapped becaase of a shortage of finds. Japanese goverameat soarces said yesterday toe tentative accord was reached between
    UPI  -  208 words
  • 527 12 NYT THE US Federal Reserve (Fed) has reported a US$3.2 billion increase in the basic measure of the money supply, reinforcing an upward movement in interest rates that began last week. The news, which came in the wake of prime-rate increases by two major
    NYT  -  527 words
  • 183 12 NYT THE Reagan administration plans to eliminate as many as 154,000 Federal jobs through more intensified use of private contractors. Officials of the Office of Management and Budget (OMB) said that OMB has directed all Federal agencies to find ways to make their "commercial-industrial
    NYT  -  183 words
  • Page 12 Advertisements
    • 148 12 Private Limited Companies READY-MADE FOR SALE MiPMATf skmaiiai services Please Call *****26/7 Singapore Secretarial Services Co. (Pte.) Room 1101,11 th Floor, Golden Mile Ut-Mm Tower, Beach Road Singapore 0719 Management Secretarial Services Sdn. Bhd. Tel: *****2 50-C Jalan Bukit Bintang Kuala Lumpur r** DBS interest news Savings Account 0 per
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    • 86 12 KOIA KINABALU f <$• \p Every\Xfednesday and Sunday on Cathay Pacific's Boeing 707 At 8.35 am every Wednesday and Sunday, Cathay Pacific's Boeing 707 flies to Kota Kinabalu and on to Hong Kong. With return flights every Tuesday and Saturday at 3.45 pm. For comfort and convenience You can depend
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  • Page 12 Miscellaneous
    • 65 12 BIBIETOHHRI Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several areas from late morning. Report (or 24 hoars prior to 7.3t pm on April 12 at the airport. Maximum temperature 30.6 Associated humidity 72 Minimum temperature 23.6 Associated humidity 99 Hours of sunshine 2.90 Rainfall in
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  • SHIPPING TIMES
    • 193 13 AFP WAR risk insurance rates worldwide for the Gulfbound vessels have sharply dropped from the past 0.1 per cent for two weeks to 0.0375 per cent, except in the innermost part of the Gulf. Shipping industry sources in Japan said the insurance rates
      AFP  -  193 words
    • 523 13  -  By VONG NYAM MING PORT Klang, long handicapped by poor telecommunications facilities, will be able to double its present number of telephone lines when two new electronic exchanges are installed by the end of the year. But whether the new exchanges will actually
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    • PORTSIDES
      • 141 13 JAPANESE yards have secured more orders for Panamax-sized bulkers from Greek owners, marking a further step in building bridges between Greek owners and Japanese builders. G P Livanos has ordered from Sasebo Heavy Industries two 60,000 dwt bulk carriers at a price quoted around 7,000 million yen, each
        141 words
      • 103 13 Reuter A DISPUTE involving freight clerks continued to disrupt some areas of the port of Sydney last week, a New South Wales Maritime Services Board spokesman said. The clerks walked out on Friday on a 24-hour stoppage but some did not return to work as planned, he
        Reuter  -  103 words
      • 74 13 Reuter FREIGHT conferences covering trade between Europe and India, Pakistan and Bangladesh say they will reduce the currency adjustment factors (CAFs) for Eastbound trade to 26.50 per cent from 29.50 per cent and for Westbound trade to 10 per cent from 22.50 per cent, effective April 13. UK
        Reuter  -  74 words
    • 675 13 SMpplag Lte Pag* CM Achipelego Adriatic Ate* Afro-Eurasia A1 Navigation Alfred CT All trans Alpac Angkutan Angonave ANL Antoll API. Argentine ASCL Asia Merchant Bait-Orient Bangladesh Bank Line BBS Ben Line Ben Ocean Ben Asia Ben bulk Bintulu Blue Funnel Blue Star Burmese CAVN-FMC OCNI Ceylon Shpg
      675 words
    • 357 14 SAIL-assisted vessels of up to 40,000 tonnes deadweight could achieve fuel savings of between 15 per cent and 25 per cent over conventional ships, according to a US government sponsored report recently. The study concludes that sails would give vessels a real competitive advantage especially on
      357 words
    • 996 14 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 Family Ace 6A 11.4.81 Shofuku TA 3 TT Grigory Petrenko 6CE 11.4.81 0700 S'pore Soviet TA 4 VC Luise Leonhardt 15B/16B
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    • 1509 14 GRAIN freight rates are continuing to ease on Thursday for business out of North America with increased tonnage available due to the continued US coal miners' strike, London brokers said. A vessel from US Gulf to Japan received 526.75 for April May, down $1, while business to China
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    • 390 15 EXPECTED ARRIVALS TODAY KKPPKL WHARVES Cheng De (after Ocean Green) 40 41 Kwangchow (0900 after Straits Hope, subject free board) 25 26 Kastania (2300 after Profesor Szafer) 35 36 Kim Soon Li (0700 22 Mui Kim (after Sanko Scorpio shifts, subject free board) 29 30 Manoloeverett (after
      390 words
    • 223 15 UPI THE Indonesian inter-island ship that sank three months ago, claiming hundreds of lives, was apparently not clearly classified as a passenger vessel, officials said last week. Officials of the Indonesian Bureau of Classification told the Indonesian Maritime Court investigating the country's worst sea
      UPI  -  223 words
    • 890 15 Seatrade WHILE there is currently no port on the US west coast that even comes close to resembling Hampton Roads as a booming coal export centre, nearly every port from southern California to Puget Sound is advertising its attractiveness as a provider
      Seatrade  -  890 words
    • 466 15 SHIP SALES BROKERS at the Ixjmlon secondhand tonnage market reported sales dominated by bulk earners and tankers last week to buyers of various nationalities. The Greeks secured four such vessels while other buyers were from Nigeria, Hongkong. New York and Finland. The Finnish secured the largest vessel, the Lembulus, a
      466 words
    • 1134 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 published at a maximum of three weeks. PN
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  • Page 13 Advertisements
    • 480 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED./U.K. Singapore Tel 9'VtOH. Port Kelang Tel *****1 Kuala.Lumpur Tel ***** Penanq Tel *****6 .1 RI) 1M AMAH Orient Overseas Co*dtu*ieA Line FULLY CONTMOBED SERVICE TO EUROTE (VIA SUEZ) ORBITAL CMEf 24* In Port •NEPTIM MOE 2W 16/4 I WONG CONTMO 2SN
      480 words
    • 261 13 lISEALORDO m UASC UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES Loading for r T M SHUHM) W 33 17/4 3M HAZM V 31 2»/4 as Dubai (5 6) Damnum 18 6) Kuwait (11/6) a Bahrain <14 6) Doha (17 6> Abu Dhab. (70 6) I Mina Qaboos (23 i)
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    • 13 13 CONTAINER Schedules LONDON Freights SHIPS In Pert SHIPPING List REGIONAL Weather SHIP Sales
      13 words
    • 722 13 mm Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****1 Pon Kelang Te< *****1 Kuaia Lumpur Tel ***** Penang Tel *****6 MAERSK LINE EXPORT FULL CONTAINER SERVICES TO. U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA. ASIAN PORTS r ri>ADRIAN MAERSK SMGAPORE CLOSMG IMS: CY 19th April
      722 words

  • Page 14 Advertisements
    • 814 14 MiBcmm MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04^)9, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE B POIAGA SM N DELFT 14/4 29/4 4/5 5/5 7/5 B DAHLIA 17/4 NIKEN 21/4 6/5 11/5 12/5 14/5 B PfNAGA 24/4
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    • 351 14 BBS SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA mmi I —I II Ml SM 11/4 SM W* n/4 v» i/i 15/4 It i 2V4 */4 1/5 i/* 11/5 11/5 15/5 lt/5 13/4 u/4 a/4 21/4 4/5 7/5 13/5 11/5 a/5 ■BARBER TAIF" V 17 "BARBER MEM NOW' tm
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  • Page 15 Advertisements
    • 825 15 HWINAV 5 Continents—l Forwarder ANY LCL SHIPMENT FROM USA in our unique PANTAINER EXPRESS container service. Cheap Regular Fast Reliable For enquiries please call *****11-13 Panalpina World Transport (S) Pte Ltd Telex: ***** PASIN Overseas B J Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Satoah, Sarawak, Brunei
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    • 705 15 NOTICES CARGO SPACE FOR JEDDAH Space available for approximately 1000 metric tons of General Cargo or Timber/Plywood for JEDDAH. M.V. EASTERN ACADEMY expected commence loading Singapore on/or about 16TH APRIL. For Bookings please contact: Gen«ai A|«its Gulfeast Skipping Pte Ltd Suite 704/706, Ocean BuMnt Colyet Quay, Singapore 1 Tel: *****3
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  • Page 16 Advertisements
    • 852 16 ML Hapag-Lk>yd TO NORTH EUROPE tbt Mam Benalto* Hang Kong Eipress Hmtoi Eipress Kirama Man TO MEMTEMANEA S pore PK pen Bilbao Genoa H Burg B ha»en Rdam Antwerp Etha ttckmm 15 3 5 65 27/5 14 6 12,6 9 6 6 6 IMdnhtm 3 5 6 5 85 11/6
      852 words
    • 686 16 KOREA SHIPPING CORPN P Ketanc PENANG STORE VEGA 159* 18-21 April 22-25 Apr! 27-30 April FROM BUSAN BANGKOK VEGA 160E 18-21 April 22-25 April 27-30 April TO BUSAN INCHON ALTAR 163* 18-22 May 23-26 May 28-31 May FROM BIISAN BANGKOK ALTAR 164E 18-22 May 23-26 May 28-31 May TO BUSAN
      686 words
    • 538 16 EVERGREEN LINE 1 r FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CARGO FOR UNITED KINGDOM SOUTHAMPTON. LONDON. MANCHESTER. BIRMINGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS ETC WEST GERMANY HOLLAND AMSTERDAM Spot ttOdatv Hamtwj RaMttdatn (ttatftwt Airtamp It Hint L»|t 17/04 27/04 0/05 10 05 12 05 15 05 1( 05 t»«
      538 words
    • 1378 16 Burma Five Star Shipping Corpn. 'BURMESE NATIONAL LINE' LOADING FOR RANGOON •ctfplwf carp to Ml and Japan Onty S potf P Kclanf Penny momrwr- 11/20 Apr M M IS/23 X. rH*SWKGT««nW» 19/21 Apt HTCMTNI 19/21 Ap. BfSSC Agents .n Moloyvo BOOSTS AD SHIPPING TEL NOS KL *****2/*****9 Compaoia Argentina Da
      1,378 words

  • Page 17 Advertisements
    • 888 17 r PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH, JEDDAH AQABA (Reefer Cntrs Acceptable) SPORE 12-13/6 17-18/7 20-21/8 Accepting LCL Cargo to Aqaba. S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ EAST AFRICA/REDSEA SERVICE Singapore P.Kslang Panang Loading lor: Singapore P Kclang Panang Loading tor KOTAJATI 5/10 May KOTA RAKYAT
      888 words
    • 713 17 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE FROM EUROK Hr.jfc., A Germany Thames Maru Saded Hongtong Eipress Saded Mjmfcuij Eipiess Saded To*« Eipess Sided Kurama Maru Saded isujj Maru Saded Alemarw Eipess Sided Larts Bay 17/4 SHAVEN R DAM Austna Benelu> Sided Saded Saded Saded Saded Saded Saded Saded Saded
      713 words
    • 753 17 Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE TO MED'UK NC SCAN P tmtNxni I MottieIrrtr' E»ede' I Vessel Sport I 1 W *illrs?iP dif 3 i H t*)f|4lC Do'i 1 B PENACA Sid e OMI* II 4 b penac* ;«4 e dahlia i i B PENAGA I S B DAHtiA
      753 words
    • 566 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNION. DURBAN ft CTOWN A VESSEL Spore May Lines U.S. WEST COAST SERVICE Drtct tr»m SfO Lbcti LESIE LYKES Sid Sid ASWIY LYKES 19/4 16/4 tor S tie Tac VBC 20/5 21/5 23/5 17/6 11/6 21/6 (a* versefc ahc can Longtteach Los Angers I
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  • Page 18 Advertisements
    • 824 18 K LINE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA Eartei feeder »esse« aho i'liibk on request Caifoes acceptable toi Oakland Vancouver Portland Houston Galveston Ne« Orieans Boston St lota PMadetyu Not to* Baltanore Savanna*. lackumvie TO EUROPE S port- P Wang L Havre »dam H burg Bremen
      824 words
    • 502 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE luring la LOS ANGELES SAN FRANCISCO SEATTLE IACOMA VANCOUVER BC Acceptng FCI/FCI Cantaners P «(U«( S.njapo'f I Angeles VBHVA PARMAt' 3 Mat Mat 38 May VBHVA niWULLA 3 A* 4 km 30 k« AUSTRALIA EXPRESS CONTAINER SERVICE Accephng FCI/FCI Cantaateis ONNAM) VKMVA ASH*
      502 words
    • 402 18 r 3 A (>i'<>iii) SINGAPORE SHIPPING AGENCIES PTE. LTD 20TM F LOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****? (3 LINESI GENERAL *****1 114 LINESI TERMINAL OFFICE *****83 TELEX RS ***** RS 2SS6B A'B CARSMIP CABLE CARGOSMIP l'c<|ioiial Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK /r. SINGAPORE ISLANDS U\t MIDDLE EAST
      402 words
    • 593 18 KORINS MARITIME SERVICES E Room 601. ICB Building, Shenton Way. Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES STOW P. KApr 17/1» Apr P KELANG LOAOMG FOR \\X SAI>I ICK LIIMtS A member i< the Samlet Creep (I Comeattei LMER SERVICE FROM KOREA/TAIWAN/HONG KONG TO SMGATORf
      593 words
    • 770 18 INTRASEA (PTE) LTD. Faber House. 234E Orchard Road Singapore 9 Telephone *****11/*****57 y»\ jrOAASIA IXVK regular mdcpenxnt source to mm S part P KHanf Penanf L*«dn( tor ARK* NBIO4 14 Apr In Port BOULOGNE UK (AVON) MMNGCL ENDEAVOUR NBIOS 21 Ap> ROTTERDAM NORASIA NBIO9 3 Ma, 7 tot BOULOGNE R
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  • Page 19 Advertisements
    • 698 19 NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A member of the ACE Consortium TO EUROPE/UK (VIA SUEZ): 0 CHIEF 24W N I ADC 2W HK CONTAINER 25W C CONTAINER 11W.. N GARNET 5W K. CHANCE 3W SS BRIDGE 31VK Also accepting cargo to from Scandiravia N JADE S
      698 words
    • 321 19 MALDIVE LINES FOR BOOKINGS I ENQUMES PLEASE CONTACT: SWWORE POUT KELAN6 PANOCEAN NAVIGATION I TRADMG OMENTAL SHTPMG CORPORATION CO (PTE) LTD TEL: HI. *****8/*****4 1106 INTERNATIONAL PLAZA PORT KELANG 3t7t4t ANSON ROAD KUANTAN *****519 SWGAPORE 0207 TEL: *****20 PAS* GUDANG ******15 L KASTKHN CAR L1NKK. LTD. Specialist m KO/RO Sarvtca
      321 words
    • 486 19 [NOTICES U.rgy.l r. T. ANMDU LINES This is to announce that General Survey cargo M V. Andhika Perdana Voy 3558 TA 6 4 81 will be held on 18.4.(1 from 9 an to 12 noon at Paair Pan)ang Godown 303 Other surveys will not be carried out after this survey
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  • Page 20 Advertisements
    • 679 20 FLE FREIGHT LINKS EXPRESS PTE. LTD. Salt 1443. 144k ftar HtnutmM Pta". kam tut #207 I# *****45 (5 Lnn) 221 MV T*i RS ***** FtTMAN I I Australia-lnterfreight Lin* Accepbnf FCL and LCL to Sydney. Melbourne, Brisbane, Adelaide. F reman tie New Zealand Auckland, Lyttelton, Hefcfton. Nap*f and Dunedin Europe/U.K./U.S.
      679 words
    • 711 20 THAI YANG SHIPPING CO SDN BHD V»y No Fount P KoUng Onlaubon *M V THM YMG *0T 4/11 IJ/4 11/4 kfcn M V THM YANG VOY VII 4/5 1/5 _V M CNOON TUNG ¥OT 2/11 24/4 21/4 Ifti/IM NAM HUA SHIPPING SDN BHD MILLION SHIPPING SDN BHD MV MUKM NO
      711 words
    • 507 20 OLSSON PACIFIC LINE For Australia and Papua New Guinea Calling Darwin. Port Moresby. Lae. Madang Wewak Honiara VESSEL SPORE PENANG NORTH SKY 24 Apr omit Agents SEALION SHIPPING IS) PTE ITO S-Ayjoorf Tel rTObtll t Iter I 7? 1 1 1 Pun To M.'.y Pruo? Sf jAMA SHIPWNC 6 TPT
      507 words
    • 295 20 KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAN/STRAITS/JAPAN Fully Containerised Service Vessel Tokyo Kobe S pore P Kelang Penang S pore Tokyo Kobe NORD BAY V 5 10/4 12/4 21/4 23/4 24/4 26/4 9/5 10/5 NORD STAR V 3 27/4 2t/4 10/5 12/5 13/5 15/5 2»/5 29/5 SMGATORf W MALAYSIA Bowtead Stappmg
      295 words
    • 465 20 OCEAN LINES (Mso accept)!* c*|o tor RirU/Boerp/Coetfaiua satiect to «*tc«*M() S port P Ua| Penary LM*m lor EASTERN PEARL 1 7 May Part Satf/NaiaiiMia/LanassM fram/Mmt/ljtttffc/ OWEWESSaS SAGASA PTE LTD. (touts DREYFUS iROUP Of COMPANIES! 1* *****5S d Lin) tu£X B 2MM BOS F. ttLUB 9 Mft M I* tO: 30*11
      465 words
  • Page 20 Miscellaneous
    • 177 20 not tOOE 12 Regional Weather 71 2* •5 20 N 20 m J 2 m JS a > 35 is (.4 vr»l c V Win. Wind direction with sped in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.90 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather
      177 words