The Business Times, 9 June 1981
1981-06-09
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The Business Times
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Title Section11 1981-06-09 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, JUNE 5, 1581 60 CENTS11 words
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BRIEFLY...
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Article43 1981-06-09 1 AP LONDON, Mon. Gold was fixed higher at U*****.50 a troy ounce this afternoon, up $13.50 on the $460.00 morning fixing. The metal was fixed at $460.00 on Friday afternoon and closed at $452.00 on the New York Comex. APAP - 43 words
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Article90 1981-06-09 1 KUALA LUMPUR, Mon. The coming Umno election should not be cause for worry or alarm in any quarter, said Deputy Prime Minister Dr Mahathir Mohamad. He emphasised that the events taking place in the party "are nothing more than an orderly democratic process in a democratic90 words
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Article68 1981-06-09 1 Reuter BANGKOK, Mon. The International Monetary Fund (IMF) has approved a loan of 814.5 million special drawing rights (SDRs) to Thailand to increase its international reserves. The Bank of Thailand said the IMF loan, which is equivalent to US$945 million and carries an interest rate ofReuter - 68 words
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Article60 1981-06-09 1 AFP NEW DELHI, Mon. India suffered a record trade deficit of 52,048.8 million rupees during the financial year ended March. This is much higher than even the Commerce Ministry's expected deficit of, 45,000 million rupees. Provisional official figures show that exports during the year were valued atAFP - 60 words
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Article72 1981-06-09 1 UPI JAKARTA, Mon. The Indonesian government has decided to open the coal mining sector to private companies, including joint ventures with foreign partners, the Mines and Energy Ministry said today. The decision to open the coal mining sector to private companies was recently taken by decree byUPI - 72 words
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Article94 1981-06-09 1 UPI TOKYO, Mon. Japan and the Soviet Union have reached basic agreement on a joint US$4 billion project to tap natural gas and oil on Sakhalin island in the Soviet Union. The agreement, which has to be formally signed after the two sides finalise the inaugurationUPI - 94 words
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Article53 1981-06-09 1 UPI TOKYO, Mon. A senior United Nations food official has expressed concern over China's sudden increase in grain imports. The Director-General of the UN Food and Agricultural Organisation, Mr Edouard Saouma, said if China continues its present pattern on food imports, "It would greatly affect the world'sUPI - 53 words
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Chief Price Changes
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Article135 1981-06-09 1 Rises Indices Sealioa 875 40 June 5 June 8 Dunlop Ind 815 39 B.T.Indicator: *****.*****44.43 Rothmaaa 870 30 Industrials: 896.19 890.11 MlltjriwtU C K Tti| M Cement 378 725 1250 28 25 20 Finance: 1889.58 1875.08 Hotels: 1323.97 1323.22 H Leoag Fia 1140 20 Properties: 925.21 916.87 Paramoaat 840135 words
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Article, Illustration133 1981-06-09 1 Rises Indices H L Finance MUInd M Cement Malaya wata API Inch K K Paramount 1250 2140 1400 426 915 1150 920 100 90 70 +60 60 +50 45 B.T. Index: Industrials: Finance: Hotels: Properties: Tins: Srubbers: June 5 *****7.68 1122.53 1842.38 519.16 1196.24 482.10 1350.89 June 8133 words
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720 1981-06-09 1 CHOO AI LENG - Guthrie Bhd stake sold for 101 m TAKEOVER BY MULTI-PURPOSE By CHOO AI LENG UK-BASED Guthrie Corporation has sold its entire 73 per cent stake in Guthrie Berhad for $101.2 million cash to Multi-Purpose Holdings (MPH), the investment company of the Malaysian Chinese Association. Guthrie Corp yesterday signed a contract720 words
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Article244 1981-06-09 1 SELLERS took over the trading floor of the Singapore stock market yesterday after a feeble attempt to maintain the early morning's firmness failed. When the final bell rang, almost all counters were down to their day's lowest levels, and sentiment was noticeably weaker. A couple244 words
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Article830 1981-06-09 1 TWO discount houses have raised their capital base by a total of $4.5 million. National Discount Company (NDC) has raised its capital base by $2 million to 17 million from June 1 while Commercial Discount Company (CDC) raised its paid-up capital by $2.5 million to $7.5830 words
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Article733 1981-06-09 1 FONG MEW LENG - By FONG MEW LENG THE supply of prime office space in the central area may overtake demand as early as next year as new projects under government land sales come into the market. Supply of residential units may also catch up with demand, but only by733 words
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277 1981-06-09 1 SAWMILLS In Singapore have cut dawn production to one fourth of capacity because «I the sluggish demand tor timber worldwide. To offset the slack demand, some sawmills have upgraded to higher value-added production such as kiln drying and wood preservation. Others have diversified277 words
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529 1981-06-09 1 ALVIN TAY - By ALVIN TAY OVERNIGHT rates in the interbank money market reached dizzy heights of about 50 per cent yesterday, forcing the Monetary Authority of Singapore (MAS) to depart from its policy of minimal intervention. The Authority intervened by buying bills to the529 words
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Page 1 Advertisements
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Advertisement12 1981-06-09 1 AGOODBOOK RECENTLY? FIND IT AT Bookshops TMR (terfcanl < x John I iiftr12 words
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Advertisement159 1981-06-09 1 SO YOU STILL CMAIfE 9 THEH LET'S TftlK TEETH You wouldn't use a scouring agent to clean bone china, would you? It's the same with teeth. Yet ordinary toothpastes are too bland to remove tobacco film, and tea, coffee or other stubborn stains. The answer? NewClinomyn the toothpaste specially formulated159 words
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Advertisement76 1981-06-09 1 mm. NPB's recommendation en energy controllers...... 5 AUSTRALIAN boat builder seeks local partner............ 5 THE evolving breed of Euromarket lawyers C SHIPPING TIMES HARSH words against soaring legal fees I DBS to offer 24-hour ATM services 9 ROLE of the mass media In public education 12 TV AND RADIO C,76 words
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Advertisement99 1981-06-09 1 The Straits C TS lim KeypSS mmctory Agencies Singapore (Buku Merah) MODERN MANAGEMENT READINGS PETERCSANDERSON-aNMlHl—liliDUlrflli qrsWMWN gl» Oo£ FINANCIAL PLANNING FOR MANAGERS i SSSS" 3 FINANCE AM) ACCOUNTS FOR MANAGERS tWmondGod, »fj HIM Ml IMITATE Formula for Buon<«iSurvi\al c ImllfllJillUll L C Siirtkmtr/WftunM rmd .\ifrl Romv V V V >499 words
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REGIONAL
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428 1981-06-09 2 AP A STEEL factory in China's Shanxi province has formed a "special force" to restore discipline after rebels stirred up trouble and some workers stayed off the job, the provincial paper reports. The Shanxi Daily's report on the Taiyuan Iron and Steel plant followsAP - 428 words
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144 1981-06-09 2 AFP SARAWAK is to coordinate its timber policies with Sabah and Indonesia in order to strengthen its position against overseas buyers. Sarawak's Chief Minister Datuk A mar Haji Taib Mahmud expressed dissatisfaction with the current price level which he attributed to constant manoeuvring byAFP - 144 words
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342 1981-06-09 2 UPI AFP LEFTIST guerillas protesting the return of the US aircraft carrier Midway to Japan, set fire to a government building yesterday, using a home-made flame thrower and timer. "Crush the military airport (at Narita) and prevent the return of Midway" were written onUPI; AFP - 342 words
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Article151 1981-06-09 2 Reuter JAPAN'S gross national product (GNP) for fiscal 1900, which ended last March, is estimated to have risen by 5.1 per cent in real terms, helped by high exports and active capital outlays for plant and equipment. Sources at the Japanese Economic Planning Agency (EPA) said thisReuter - 151 words
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212 1981-06-09 2 UPI THE AUSTRALIAN state oi New South Wales could face a complete communications blackout unless a pay dispute with technicians is resolved soon. More than 50,000 technicians across the country are refusing to service certain equipment when they break down in support ofUPI - 212 words
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Article48 1981-06-09 2 AFP CHINESE troops repulsed on Sunday a Vietnamese battalion which had crossed the frontier into Guangxi province, the People's Daily newspaper said. The Vietnamese had moved under covering heavy artillery fire into the Fakashan area, scene of several recent severe clashes since early last month. AFPAFP - 48 words
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Article349 1981-06-09 2 AFP THE SUPREME Council of the United Malay National Organisation (Umno) will decide this Sunday whether or not the imprisoned former Selangor Mentri Besar Datuk Harun Idris can contest the party's vice-presi-dency. The Utusan Malaysia said Datuk Harun, 56. may not be able toAFP - 349 words
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179 1981-06-09 2 AFP PAPUA New Guinea and Brunei have been invited to attend the two-day ministerial meeting of Asean on June 17 and 18, thereby boosting speculation that they may soon be accepted into the regional group. Earlier, Asean officials 'said the emergingly vocal regional allianceAFP - 179 words
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Article780 1981-06-09 2 ARRIVALS Service Local Operator Number Time From MAS MH671 1000 PEN KUL SIA SQ201 1000 HLP CAL CI814 1005 HLP CPA CX710 1006 HLP GIA GA850 1090 HLP SIA SQ103 1045 KUL GIA GA908 1045 MES MAS MH606 1045 KUL PAL PR501 1055 MNL SIA SQI91 1105780 words
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Page 2 Advertisements
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Advertisement161 1981-06-09 2 Eastern Witch Peninsula Haza-aveiy special place to buy awateh Eastern Watch, G1 and 3 Peninsula Plaza. If you are thinking of buying a watch, that's perhaps the best address in Singapore to come to. Here you will find a magnificent choice of prestigious names like Rolex, Vacheron Constantin, Piaget and161 words
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OVERSEAS
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617 1981-06-09 3 Reuter A LONG-LASTING decline in America's inflation rate could be underway. Forecasts by US economists, which follow three months in which price rises have shown a marked decline, suggest that a slowing in the rate of wage gains, the <'g"ai measure for theReuter - 617 words
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295 1981-06-09 3 AFP THE breakdown in talks between union leaders of 530,000 British civil servants, who have been staging a series of strikes during the last 14 weeks, and Lord Soames, representing the government, has given a new impetus to the protest movement. The civilAFP - 295 words
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444 1981-06-09 3 UPI ON the eve of talks yesterday aimed at averting Solidarity strikes in four northwest provinces, Deputy Prime Minister Mieczylsaw Rakowski warned that the union threatens Poland's existence by trying the patience of the government and its East bloc allies. Mr Rakowski wasUPI - 444 words
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454 1981-06-09 3 Reuter THE ARAB league has agreed on a series of contingency measures to be taken against the United States if it does not modify its support for Israel in the latest confrontation with Syria. The league's secretary-general, Chedli Klibi did not identify theReuter - 454 words
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WORLD IN BRIEF
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Article509 1981-06-09 3 Agencies QATAR has reduced its daily oil production to 400,000 barrels from 480,000. The 17 per cent cut in production from June 1 was in line with an Opec decision to combat the current oil market glut. Most Opec members, except Saudi Arabia, last month agreedAgencies - 509 words
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280 1981-06-09 3 AFP THE US is "watching very carefully" developments in Poland and is "hopeful" that the Soviet Union will not intervene, Edwin Meese, President Reagan's main adviser, said on Sunday. "We view any Soviet interference in Poland as a matter of theAFP - 280 words
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194 1981-06-09 3 UPI THE UNITED States is sending a message to China, in advance of Secretary of State Alexander Haig's arrival this week and the message is: the US is prepared to do what it can to improve relations with China and any other nation whichUPI - 194 words
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298 1981-06-09 3 UPI WITH France's future direction riding on parliamentary elections that start this Sunday, Socialist President Francois Mitterrand has put off a final reckoning with the communists until after the first votes are in. Political insiders say Mitterrand hopes his upsurge in popularity following hisUPI - 298 words
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Page 3 Advertisements
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Advertisement285 1981-06-09 3 <L ft V m > r A Every business trip to Europe deserves a Wonderful Copenhagen When you fly all the way to Europe, give yourself a break—before you start to work. Relax with the fun-loving Danes. Join them on the longest shopping street in Europe. Dine in cozy, candlelit285 words
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RAW MATERIALS
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322 1981-06-09 4 Reuter NATURAL rubber production must rise in the present decade to preserve its current market position and avoid its substitution by synthetic rubbers. International Rubber Study Group secretary general Leslie Bateman said that based on total estimated rubber demand of 19.5 million tonnes inReuter - 322 words
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Article257 1981-06-09 4 Reuter PENINSULAR Malaysia processed palm oil exports fell to 155,675 tonnes in February from 219,981 in January and 204,346 in February 1980, the Statistics Department said. However, crude palm oil exports rose to 2,561 tonnes from 1,013 in January and eight tonnes in February aReuter - 257 words
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Article202 1981-06-09 4 Reuter THE monsoon has broken over India's Southern coast and is progressing towards Western and Northern states, meteorologists said last week. The monsoon rains arrived recently in the Southern states of Kerala and Kamataka about three days before expected, they said. India's Director-General of Meteorology P K DasReuter - 202 words
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Article162 1981-06-09 4 THE Singapore rubber market yesterday closed with June at 237.50 cents, down 4.50 from the previous close. The rubber report for yesterday was unavailable. In Koala Lam par, June prompt closed at 267.50 cents, down 2.00 cents from the previous close. The rubber report was also unavailable yesterday. In162 words
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Article317 1981-06-09 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 238.00 239.00N Int. 1 R.S.S. June 238.00 238.00 Int. 1 R.S.S. July 247 00 247.50 Int. 2 R.S.S. 221.00 222.00N UKCont ***** *****N Int. 3 R.S.S. 215 50 216 50N UK/Coot317 words
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Article112 1981-06-09 4 NOON SSR and SMR price* jWUiiliy: RA8 SSR 20 SSR SO (1-toi (1 tor i pallet) i pallet) Jai (Carrei Buyer* ***** 212.80 ■a it Mth) Salle re 217.00N 2U50N (Forward Mth) Bayer* Seller* 217 00 *****N 214.50 218-50N MRELB Jaly Aafaet SMRCV SMRL SMRS SMR CP112 words
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169 1981-06-09 4 T BILL DELIVERY EXPANSION APPROVED Reuter THE Commodity Futures Trading Commission (CFTC) has recently approved an expansion of issues that can be deliverable against 90-day Treasury bill futures contracts on the Chicago Mercantile Exchange. The CFTC will permit delivery of six-month and one-year Treasury bills with 13-weeks remaining to maturityReuter - 169 words
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Article77 1981-06-09 4 THE STRAITS tin price in Penang yesterday rose one cent to M 529.38 a kilo, still within the ITA lower range of to *SMS, dealers said. Sterling weakness against the Malaysian dollar failed to bring the market down dne to buying snpport from Japan and locally and lower77 words
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Article34 1981-06-09 4 Rubber: June 8 Singapore: June: 237.50 cents (down 4.50 cents) Malaysia: July: 267.50 cents (down 2.00 cents) Tin: M 529.38 per kilo (up one cent) Official offering: 129 tonnes (down 78 tonnes)34 words
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174 1981-06-09 4 Reuter WESTERN agriculture experts said they have revised down their estimate of the Chinese winter wheat crop being harvested now because of dry weather and unusually strong winds in key areas. The specialists initially forecast a 59 million tonnes crop, five million tonnes more thanReuter - 174 words
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Article177 1981-06-09 4 CHINESE Priiite Exchaage, Stagapwe, eMi| prices per IHk| yettenUy. CwNit sU: Bulk fob $115.00 sellers, old drum (In second hand drum) fob 1128.00 sellers, new drum fob (134.00 sellers. Cspra: Mixed (loose) $67 00 buyers. Pepper: Muntok white pepper fob Asta NLW $412 50 sellers, Sarawak white pepper177 words
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Article194 1981-06-09 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Csttsa jam: China Blue Phoenix 20b 2,290; 32s 2,800, 40s 3,060 (per bale of 400 lbs). Piece gssis: China Butterfly and Globe brand unq; Dragon Head unq; Five Lamb 6 unq; Flower and194 words
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Article333 1981-06-09 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.34, 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, Special333 words
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Article136 1981-06-09 4 Reuter AUSTRALIAN Primary Industry Minister Peter Nixon said Chinese officials he had talked to indicated real interest in negotiating a long-term wheat deal despite current differences on prices. Mr Nixon said he did not discuss details of a new contract to replace the present three-year agrement which expiresReuter - 136 words
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310 1981-06-09 4 Reuter JAPANESE steel mills have agreed to pay $12.50 a tonne or 26 per cent more for coking coal from China this year, a Japanese steel industry spokesman said. The spokesman for Nippon Steel Corp said the agreement came after pricing negotiations with ChinaReuter - 310 words
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Article88 1981-06-09 4 Reuter ECONOMIC ministers of Asean have given the Philippines preliminary approval to set up a 1200 million copper fabrication plant as its regional cooperation project, informed sources said. They said the ministers at their recent meeting in Jakarta agreed in principle to a feasibility study onReuter - 88 words
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422 1981-06-09 4 AFP RECORD world wheat production, forecast this year, should be "more than adequate" to meet demand and allow for some rebuilding of stocks. The International Wheat Council (IWC) estimated output in its latest market report as between 460 and 475 million tonnes, the sameAFP - 422 words
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Article152 1981-06-09 4 AFP SOUTH AFRICA will host the first international conference on Applied Mineralogy in Johannesburg later this month. The National Institute for Metallurgy said that as many as 250 delegates from all parts of the world were expected to meet at the conference centre at the Carlton hotel. PapersAFP - 152 words
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Article89 1981-06-09 4 THE Kuala Lumpur market report for yesterday was unavailable due to a technical error. The following are last Friday's prices. C.I.F. North European ports, in US dollars per ton unless otherwise stated: LONDON Fri Previous Malaysian 5% ffa bulk per tonne July 605.00pd 605.00pd August 590.00slr 590.00slr Sumatra89 words
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ASIAN STOCKS
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Article502 1981-06-09 4 TOKYO SHARE prices yesterday fell sharply over a broad front in thin trading with investors waiting on developments due to US interest rate uncertainty and the yen's steep fall against the US dollar, dealers said. The market average lo6t 67.80 to 7,334.97 with volume 190 million shares.502 words
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Article276 1981-06-09 4 THE market weakened yesterday as some small local investors took profits after the hike in US prime rate by a small bank. Institutional investors appeared to be net buyers as they concentated on Hutchinson and HK Land. Buying was strong at the opening but sellers soon gained the upper276 words
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Article205 1981-06-09 4 THERE was still no sign of improvement yesterday as prices continued to decline in a weak market, dealers said. JUNE m Ailt Credit Bahts Alia Fibre Ayulhaya In* And Trust Bangkok IniMtotnt Bangkok Bank Bangkok Drytng And 8Uo Bangkok Insurance Bangkok MetroMiun Ikn I 254 -I Bangkok Nyloo Bank205 words
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Article119 1981-06-09 4 THE market was again mixed yesterday as commercials, industrials and oils remained firm while miners were still easier and turnover rose to 2.7 million from 1.2 million pesos, dealers said. JUNK <* 1 Pa*oa Aco>» Mlnlnf 0064 unch Atlu Con A Atlu Con B J8-2S 0J5 Bafulo Ootd 0037119 words
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Article31 1981-06-09 4 H.K.HANG SENG Monday 1887.50 Friday 1715.81 Week Ago 1718.01 AUSTRALIAN INDUSTRIALS Monday closed Friday 753.7 Week Ago 747.»- ALL ORDINARIES Monday closetf»"* Friday 715 Cl, Week Ago 714 "d.31 words
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Page 4 Advertisements
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Advertisement135 1981-06-09 4 The bank witha personal touch that is our tradition From the opening of a savings account to financing your foreign trade dJus a wide spectrum of commercial and industrial activities. Our expertise and experience are at your complete disposal. Nothing is too small for us. COMPUTERIZED CURRENT ACCOUNTS SAVINGS from135 words
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Advertisement108 1981-06-09 4 FURNITURE Willi Touch of das;* ANTWERP JOHANNESBURG HONGKONG PRESIDEX sir iS AP 9? t LOS ANGELES rntgiUtA STOCKHOLM I THE PRESIDIUM DIAMOND EXCHANGE SINGAPORE: 10th Floor. Wellington Building, 20 Bideford Road Singapore 0922. Tel: *****86H Telex: ***** HONG KONG: 16th Floor, Lee Hing Building. 54-58 Des Voeux Road Central, Hong108 words
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TRADE AND INDUSTRY
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Article194 1981-06-09 5 SINGAPORE seems particularly well placed to become the focal point for rapid development in informatics. This observation was made yesterday by the French Ambassador to Singapore, Mr Henri Chollet, at the opening of a twoday symposium on French informatics at Equatorial hotel. "The French informatics industry is very194 words
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Article174 1981-06-09 5 AUSTRALIA'S leading builder of aluminium fishing boats, work boats and commercial craft is looking for a'local partner to set up a joint-venture company here. The managing director of Star Boats <5 Western Australia, Mr John Rothwell, attended the Asian Fishing exhibition at the World Trade Centre.174 words
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Article178 1981-06-09 5 RESIDENTIAL programmes to cater for managers in Asean countries may soon be developed by the National University of Singapore. This was disclosed by Dr Gan See Khem, chairman of the first general management programme being conducted by the NUS' department of business administration in conjunction with178 words
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Article136 1981-06-09 5 WITH the increased emphasis on engineers and the promotion of research and development, mathematics will have a very important role to play. This was stated by Professor Lim Pin, vicechancellor of the National University of Singapore, at the opening of the International Mathematical Conference yesterday. Another speaker,136 words
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Article441 1981-06-09 5 SEMINARS AND COURSES May 25-July 1: Quality Assurance Engineering and Management, Ming Court hotel, Sisir May 26-June 25: Digital Electronics 'Integrated Circuits Understanding and Appl. Module n, NPB Cuppage Centre, National Productivity Board May 30 and June 6, 13 and 20: Quality Circle Leader's Course, Personnel and Organisation441 words
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Article239 1981-06-09 5 TIMES Conferences will hold a conference on "Urban planning and development in the 80s" at Hilton hotel in Kuala Lumpur. The two-day conference on Aug 20 and 21 will have a panel of speakers including architects, engineers, developers and government officials from Australia, the United239 words
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Article226 1981-06-09 5 THE Vocational and Industrial Training Board is introducing special sixmonth training courses leading to the National Trade Certificate Grade 3 for adults and national service reservists. The training period for the courses has been reduced to six months from the usual one year to encourage226 words
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Article, Illustration254 1981-06-09 5 WONG AI KWEI - Energy is precious Save it By WONG AI KWEI THE National Productivity Board has recommended to the Ministry of Trade and Industry that the appointment of energy controllers in local industrial companies be made compulsory. According to Mr Ling Kwong Ung, manager of NPB's automation unit,254 words
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Article303 1981-06-09 5 A TOTAL of 225,654 visitors came to Singapore in March, representing a healthy growth rate of 10.2 per cent over the same month last year. Japanese visitors seem to be coming in larger numbers. Statistics released by the Singapore Tourist Promotion Board show that the number303 words
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Article355 1981-06-09 5 A TEAM from the Russian state trading organisation for chemical products recently spent 12 days here sounding out business prospects. Sojuzchimexport's deputy general director, Mr V Ryodnev, said the organisation is interested in doing business directly with suppliers and manufacturers rather than going through agents. The organisation visited355 words
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Page 5 Advertisements
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Advertisement58 1981-06-09 5 JH I N.M. Rothschild Sons flB (Singapore) Limited ACU Indicated Deposit Rates MONEY ON CALL ACCOUNT 16__ 1 WEEK 17 ||O0 1 MONTH 18'/ 2 UOO 2 MONTHS 18% (Minimum balance 3 MONTHS 18% US$10,000) 6 MONTHS 17 N.M. Rothschild Sons (Singapore) Limited Ground Floor, Straits Trading Building. Battery Road,58 words
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Advertisement984 1981-06-09 5 A TOP LEVEL MANAGEMENT CONFERENCE ON Effective Organisetional Leadership Communication Singapore Shangri-La Hotel July 16 17,1981 A conference designed for all senior executives who have an overall responsibility for the profitability of their respective organisations and is of particular relevance to Chief Executives Senior Production Managers Managing Directors Senior Marketing984 words
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Article363 1981-06-09 6 DISCOUNT houses are an integral part of the financial system, providing the link between the Monetary Authority of Singapore and banks and other financial institutions operating in the money market. They play a key role in mopping up excess liquidity from the banking system when the363 words
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Article342 1981-06-09 6 NO DOUBT Mr Kenzo Tange meant well when he suggested that, in the interest of better use of scarce architectural manpower, the Urban Redevelopment Authority switch from the open tender system for its land sales to a system of pre-selection of developer and then342 words
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Article, Illustration2150 1981-06-09 6 NIGEL ADAM - Foreign bankers have long complained that Singapore lacks adequate legal expertise to service its growing financial sector. Responding to these complaints, the Government has now told bankers they can go ahead and bring in all the expertise they want. And i! the foreign lawyers have enough business to2,150 words
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572 1981-06-09 6 NYT WITH hourly fees for senior partners soaring above US$2OO and annual salaries for 25-year-old fledgling lawyers rising above $40,000 at major Wall Street law firms, rumblings of discontent among corporate clients that must pay law firm bills are beginning to break into theNYT - 572 words
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Page 6 Miscellaneous
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Miscellaneous640 1981-06-09 6 CRYPTIC PUZZLE ACROSS 1 Step taken by one in prison (5) 6 Light orchestral piece* (5) 9 How keen one is to star in something earthy (7) 10 Arms order (5) 11 Thoughts of Sadie? (5) 12 Character sound asleep? (5) 13 Like Indian dishes that have gained favour (7)640 words
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Miscellaneous746 1981-06-09 6 I W.VBLIR WDIOII Doctor against lawyer 1 THE HOSPITAL director »nd the lawyer eeattaae their battir ia part two sf Tie Crttkml List (ehaaael 5, M 5). Ueyd Bridges, the hat pita! director haa ta deal with Baddy Ehaea, the lawyer whese facte li Mweeidil malpraetiee salts. While Dr Oardaa746 words
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Article1048 1981-06-09 7 HENRY SCOTT STOKES - JAPAN'S LOVE OF FORMALITY AND DECORUM "He is an uncalled-for meddler who pokes his nose into matters that are absolutely none of his business", is what Japan's Foreign Minister, Sunao Sonoda, thinks of Dr Edwin Reischauer, the former US Ambassador. HENRY SCOTT STOKES examines this unexpected hostility towardsNYT - 1,048 words
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934 1981-06-09 7 ANDREW POLLACK - By ANDREW POLLACK NYT AT FIRST the Walkman walked alone; and jogged alone; and bicycled alone; and rollerskated alone. Now it has been joined by a stampede of competitors. Since late 1979, when the Sony Corp introduced the Walkman a US$200 stereo cassette player toNYT - 934 words
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774 1981-06-09 7 FLORA LEWIS - FORUH with FLORA LEWIS NYT POLAND is now entering the most dangerous period for survival of its independence and reform movement since last summer. The watershed is the Communist Party Congress, scheduled for July 14. It was evident from the beginning of the workers'NYT - 774 words
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Page 7 Advertisements
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Advertisement267 1981-06-09 7 m > W-« m i t > -ar I Vi V r x •i F H «f 4v» V.4 i i W v 9 A To make flying more comfortable, we went to great lengthsand great widths." Pete Conrad Former Astronaut Senior Vice-President Douglas Aircraft Company 3E" B *EKS :^8267 words
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INTERNATIONAL STOCKS
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Article358 1981-06-09 8 NYT THE CHAIRMAN of the Chrysler Corp, Lee lacocca, held out some hope of a return to profitability in the second quarter. Relentlessly optimistic in his address to the annual shareholders' meeting last week, he stopped short of flatly predicting a profit, but did contendNYT - 358 words
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Article71 1981-06-09 8 OCCIDENTAL Petroleum Corp said a proposed acquisition of lowa Beef Processors Inc has been approved in principle by the boards of both companies. Under the terms it will exchange 1.328 Occidental common shares and 0.385 shares of a new series of Occidental voting non-convertible preferred wun a liquidation71 words
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Article156 1981-06-09 8 UPI CSR has announced that Its annual earnings had exceeded AslM-million for the first time. At (7Ssl4f-mllUon, earnings were op 44.1 per cent from the previous year at $111.5 million. In Its preliminary final statement far the year ended March SI, the figures show thatUPI - 156 words
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Article233 1981-06-09 8 Reuter ALCOA of Australia is asking its shareholders, including parent company, Aluminum Co of America, to re-invest the half-yearly cash dividend in new shares to help it overcome cash flow problems. The company said in a statement that shareholders are being asked to invest the A 525.2 millionReuter - 233 words
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Article246 1981-06-09 8 Reuter ONE of the longest trials in US legal history the government's anti-monopoly suit against computer giant IBM wound up last week after 12 years of legal manoeuvre, including more than 700 days in court over the past six years. Justice Department lawyers heard IBM closeReuter - 246 words
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Article48 1981-06-09 8 THE AUSTRALIAN government has approved a foreign investment proposal by the wholly UK-owned Glaxo Australia Pty Ltd. The proposal involved the takeover by Glaxo of the Pub Squash Company Pty Ltd, an Australian owned soft-drink manufacturer, which has been in receivership for over 18 months.48 words
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Article99 1981-06-09 8 Reuter GUTHRIE Corp has achieved 1980 pre-tax profit of £24.01 million down from £27.50 million previously on higher turnover of £317.50 million (£286.36 million). Earnings per share declined to 27.3p (38.5p). The company has declared a final dividend of 21p, making 30p (same). Tax amounted to £13.88 millionReuter - 99 words
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Page 8 Advertisements
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Advertisement802 1981-06-09 8 See Page 4 for Asian stocks r S^Alidd "The American Express Card serves you well, wherever good food is served".*— Where to wine Getaway to Sentosa i a; Costs only HALF AS MUCH if you're residing in Singapore It's easy. Just book our chalet units, and enjoy a 50% discount.802 words
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Advertisement199 1981-06-09 8 We're famous fnrmtr f^ntrai^MSP ft N > >v The Dragon Palace Restaurant is where you can dine in regal splendour and dance to the mellow sounds of yesteryear Spacious enough to accommodate 450 people in comfort Dragon Palace Restaurant also caters to the cosy twosome' o CidgitHrtd Ox ley Rise/Penang199 words
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BANKING AND FINANCE
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Article124 1981-06-09 9 Reuter THE PHILIPPINE National power Corporation (NPC) is negotiating for loans totalling U*****.8 million from private American financial institutions to get additional foreign exchange funding for its first nuclear power plant project. The additional funding requirements amounts to $557.1 million for the $1.9 billion plant on theReuter - 124 words
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Article346 1981-06-09 9 NYT THE CANADA Permanent Mortgage Corp of Toronto, Canada's third-largest trust company, has delayed an unwelcome Cs3oo million takeover bid by the BeLzberg family interests of Vancouver. The Be lz bergs had been rebuffed earlier this year in their attempt to take over the BacheNYT - 346 words
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Article185 1981-06-09 9 MIDLAND Bank Trust Corp (Jersey) has launched a new fund called Midland Drayton bond fund. The fund will enable investors to achieve capital growth and a reasonable level of income from fixed interest securities in diversified currencies by participating in a professionallymanaged portfolio. A savings scheme185 words
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Article132 1981-06-09 9 TEN JAPANESE city banks earned less before overheads from their foreign exchange operations in Japan and overseas during the six months ended last March than they did in the preceding six months. The volume of foreign exchange handled by all 13 banks generally increased due to the132 words
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Article62 1981-06-09 9 NEARLY all Zurich banks raised their rates on overdrafts by Me per cent, time loans by Vi per cent, aad loans far h«me building and commercial construction by between V 4 and per cent with effect from July 1. Overdrafts will cost between 7 and 7Vi per cent, time62 words
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Article44 1981-06-09 9 SAUDI Arabia has devalued its riyal to Ml to the US dollar from 3J9, a Saadl Arabian monetary agency (Sama) in Riyadh said. It is the foarth devaluation of the riyal since May 14 when the parity was changed from 3.M to U7.44 words
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Article43 1981-06-09 9 THE BANK of Canada elted rising short-term money mnrhet interest rates in both Canada and the US for its record lending rate of 11.11 per eeat. It also noted that bidding for Treasary bills was weaker last week than the previous week.43 words
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BONDS AND LOANS
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Article66 1981-06-09 9 the wholly owned subsidiary of International Business Machines Corp, is raising US$5O million through a three-year Eurobond. One of three co-lead managers, Salomon Brothers International, said the noncallable bond carries fixed terms of a 14V« per cent coupon with pricing at par. The other two co-lead66 words
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Article87 1981-06-09 9 chartered banks are providing a US$l2 million medium-term financing facility for the stateowned Baaea De Desenvolvlmento Da Estads De Saa Paolo SA, the Royal Bank of Canada said. The loans will be provided for private sector business development purposes in Sao Paulo. The loan is coordinated by the87 words
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65 1981-06-09 9 is raising 1100 million through an eight-year floating rate note on the Eurobond market. The issue, guaranteed by the Kingdom, carries interest of per cent above sixmonth London interbank offered rates (Libor), with a minimum coupon of 6 per65 words
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Article41 1981-06-09 9 Agencies filed with the Securi- ties and Exchange Commission for an offering of US$lOO million of money market notes, series one, due June 1,1988. The offering is underwritten by Merrill Lynch White Weld Capital Markets Group. Agencies.Agencies - 41 words
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MONEY AND EXCHANGES
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Article481 1981-06-09 9 THE US dollar was strong against major currencies but weak against the Singapore dollar on the local foreign exchange market yesterday. High interest rates pushed the Singapore dollar up against the US dollar which opened at 2.1685. It was traded up to a high of 2.1700, but closed481 words
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Article131 1981-06-09 9 THE US dollar yesterday recovered against most major currencies and indicated at a firm tone in late trading, after opening mixed yesterday morning. Trading was quiet ahead of the Whit Monday Holiday in most European centres yesterday. The dollar firmed to a late 2.4200/15 marks from its early 2.4150/70,131 words
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Article85 1981-06-09 9 THE dollar yesterday held its firm far east levels in a thin market subdued by the closure of most European centres for the Whit Monday Holiday, dealers said. They ascribed the dollar's gains from Friday's close here, despite lower than expected US money supply figures, to renewed concern about85 words
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Article22 1981-06-09 9 THE nvernge rate nt which mnjor Singapore bnnkn nre currently prepnred to lend to their best customers is 12.79 per cent.22 words
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Article179 1981-06-09 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on June 8. Closing Asian dollar certificates of deposit for prime names on June 8: 7 days 1 month 2 months 3 months 0 months 0 months 12 months 1 month 3 months 0 months 12 months 1 month 3179 words
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Article45 1981-06-09 9 RANGE at prices oflered by discount houses on June 8: Overnight: Call deposits: CH% to «H* CUm Buyimf Selling 3-month Treasury bills 6W 6H 3-month Bank bills 13* 13H 3 months CD 1211/16 12 »/16 6 months CD 12'<* 12 Source: National Discount Co45 words
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Article225 1981-06-09 9 SINGAPORE gold futures yesterday turned firmer on some local short-covering after an easier opening, but the market still closed lower on balance compared with last Friday's close, dealers said. Trading was generally light with total sales for the day recorded at 55 lots while kerb volume at 62 lots,225 words
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Article39 1981-06-09 9 Fr! Tkarari New York 9 STB 10 09B lOffTS ***** Zurich 9 90B 9 958 10.10S 1015S 8*t Prt Singapore 9 90B 1006B 10A0S 1025S Closing price* In US dollar* troy ounc B. Source: Credit Suisse, S'pore39 words
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Article166 1981-06-09 9 THE US dollar (or overnight delivery yesterday closed firmer at 228.20 yen, compared with a 228.00 opening here, a 227.90/228.10 closing in New York and 227.90/ 228.06 on the West Coast last Friday, dealers said. Trading was moderately active with volume US$l.O7 billion. Just before the close, the dollar166 words
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Article95 1981-06-09 9 AP THE WORLD Buk has umgmtĕ Ike approv at of a I'S$lM mllllM Uki to Itt—to far mMmm to small eiterpriw». I%e project will be toe wetad World Buk tpentlea aimed at devetoptag smaU enterprise» la ladsae sta. Ponds tram toe toaa will be madeAP - 95 words
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Article28 1981-06-09 9 MALAYAN Baaklag BHD, foliewiag toe msve takea by toe Development Baak of Slagapore, yesterday raised Its prime leading rate to IS per eeat tram ltvi per ceaL28 words
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301 1981-06-09 9 ALVIN TAY - By ALVIN TAY DEVELOPMENT Bank of Singapore (DBS) will soon join the other three top local banks in offering round-the-clock banking services. The bank has installed 11 through-the-wall automated teller machines at nine of its branches and two offbranch premises. The nine branches are301 words
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Article401 1981-06-09 9 NYT WHILE Visa runs off to blanket the United States with its card, American Express is staying with its more affluent customers abroad and has nearly tripled the number of its card holders overseas since 1976, to 2.9 million, or 23.8 per cent of its total cardNYT - 401 words
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Article325 1981-06-09 9 PANAMA has authorised the operation of seven new international banks, increasing to 111 the number o( banks represented within the country's banking system. The Panamanian Banking Commission, the government body responsible for supervising the system's development, has granted international licences to Societe Generale of France, the Venezuelan banks325 words
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Page 9 Advertisements
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Advertisement185 1981-06-09 9 NOTICES NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 9th December, 1982 of: THE SUMITOMO BANK, LIMITED Ground Floor, DBS Building 6 Shenton Way, Singapore 0106 We hereby certify that the rate of interest payable on the above-mentioned Certificates of Deposit for the Interest185 words
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Advertisement118 1981-06-09 9 a -1 wn w Mersing Merlin Inn, l'/j Mile. Jalan Endau, Mersing. Johore. Malaysia. Tel: Mersing 072-*****2/3. The travellers ideal stopover... MERSING MERUN when travelling along the East Coast of peninsular X i Malaysia or on your way to Tioman, stop by for a meal, refreshments or overnight stay. Prices118 words
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1925 1981-06-09 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acma (4288 4.308)1,925 words
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Article183 1981-06-09 10 SINGAPORE UNIT TRUST DIAMOND MOT STORl t (Managers' prtoas The Commerce 3 77 3 9Cxd Diamond S'pore Fd US81.00 The Savings Fund 2.17 228 SS2.170 S pore Prog Fund I CS 1.74 S pore Sec Fund 2.54 2.C7 INCOME BOND UNIT S'pore Invest Fund 2.47 2 CO (umsi183 words
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Article2754 1981-06-09 10 Gr'» Gr"« Net 1981 Last Div Div Vld P/E Vol Dav Hi«k Low Compaay Sale or- C*vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 450 320 Aetna 430cd -4 14.5 2.5 34 19.9 24 440 430 Alcom 300 10.0 2.0 34 29.0 334 130 Allied Choc 2472,754 words
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Article2017 1981-06-09 10 BID and offer prices officially listed and business in an J reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified INDUSTRIALS Alomb (3.748) (1) 3 86 (2) 3 82 (2) 32,017 words
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Article35 1981-06-09 10 HONG Letig Flaaiee Limited: AGM to be held at the Board Room of Hong Leong Company (Pte) Limited, 24th Floor, Hong Leong Building, 16th Raffles Quay, Singapore on June 15 at 10 am.35 words
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Article, Illustration855 1981-06-09 10 SELECTED stocks epeaed ea a very steady wte at the Slagapore stack market yesterday meraiag, bat Ike apward ettmk proved a little reagk aid prices ceaseqnently fallowed aa erratic tread. TV market appeared to be ptfiag still for Its eqallibriam level aad the pace855 words
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Article456 1981-06-09 10 SOME early support could not be sustained as share prices closed mixed at the Kuala Lumpur Stock Exchange yesterday. Trading was still cautious but selected counters continued to post good gains in active deals. Some observers believed market operators were preferring to stay on the sidelines456 words
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COMPANY NEWS
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Article362 1981-06-09 11 THE CITY STAFF - By THE CITY STAFF GENERAL Lumber has delivered a package of news to shareholders who have long been awaiting developments within the timber-based company. Over the weekend, General Lumber announced a one-for-five bonus issue of 2.8 million shares; a one-for-five rights issue of 3.36 million shares362 words
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Article580 1981-06-09 11 MALAYSIAN-BASED Datsun franchise holder Tan Chong Motor Holdings Bhd, feels it is unlikely that growth of the motor car vehicle market in the current year will enjoy the same exceptionally high rate as in 1980. For the period from 1978 to 1980, Tan Chong's compound580 words
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Article849 1981-06-09 11 Carreat Ex Baaka Date Total tor Tatal far Payment Date Claw Payable tke year Prevteaa yeai API 3%TE Jun 10 Jun 22 Jul 13 3%TE 15%<b) Jun 23 Jun 30 Jul 9 15% 14.5%(a) Akam 5% Jun 11 Jun 23 Jul 15 10% 12% ilmbaaaaiai 7*%(b) May 27849 words
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Article433 1981-06-09 11 Company Particulars Ex Date Books Gose Alcwn API A btorwbM Baaateai CkenM V Merita G I HQdgs G Lamber Hytex Island* Pea Larat Tta M Glam Malex Metal Baz 8'pare Paa Electric Paper Pradaeta Peg! Mate PabHe Bank PabHc Textile Sta Heag Ckaa (J M W Y H433 words
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170 1981-06-09 11 UNITED Meter Werhs (M) HeMlags has revised the terms far Its aeqaWtlea if UMW Best Treatment, fellawiag a medlficatlea la the valaatiaa hy the Malaystaa Capital Isaacs Cemmlttee. The revised terms pravMe far a total eeaslderattoa at $291,1(1 far the eattre lasted capital af170 words
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Article26 1981-06-09 11 THE Kuala Lumpur Stock Exchange has queried Hong Leong Industries regarding a recent Business Echo report that HLI may be taking over Tasek Cement.26 words
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Article302 1981-06-09 11 SUPREME Plantations Industries Bhd (SPI), formerly Mega Chemicals, has replied to a KSLE query that its sale of 1.13 million ordinary shares in Chemetics-Mega (an associate) for a cash consideration of $995,000, was arrived at on a willing-buyer willing-seller basis. This was after taking into account the marketability302 words
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Article524 1981-06-09 11 ISLAND and Peninsular Development is pursuing several prospects in its continuing move to identify opportunities for growth and expansion. Although no indications were given of what these prospects are in the group's latest annual report, chairman Raja Badrol Ahmad told shareholders that the group524 words
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Article61 1981-06-09 11 HAW PAR Brothers International Ltd has received an award amounting to $2.63 million from the Government for the latter's compulsory acquisition of the group's freehold warehouse in Palmer Road in Singapore. The extraordinary profit arising from this transaction is about $968,000 before deducting professional fees, said Haw Par,61 words
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Article448 1981-06-09 11 JOHAN Holdings, the small ex-tin mining company which propelled itself into the limelight only late last month with the proposed purchase of a 51 per cent interest in George Kent, is moving definitely into property development. In a weekend announcement, Johan said it was acquiring the448 words
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Article409 1981-06-09 11 RISING energy costs are likely to affect plantationbased Kulim (Malaysia's) profitability in the current year. However, the group to a certain extent is fortunate in that it is largely self-suffi-cient in energy for its palm oil mills, besides providing a large tonnage of fertilisers for409 words
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LATEST RESULTS
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41 1981-06-09 11 reported group pre-tax profits of M 53.03 million for the sixmonth period ended March 31, 1961, against $2.83 million for the previous corresponding period. Turnover rose by 14.9 per cent to $21.6 million from $18.8 million.41 words
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Article24 1981-06-09 11 final divi- dend of 7V4 per cent for the year ended Dec 31, 1980 will be paid to shareholders on July 21.24 words
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Page 11 Advertisements
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Advertisement239 1981-06-09 11 called us busytxxjies the other day, and he isn't wrong. Our interest are so wide-ranging pages. They range from ships to fertilisers, cars to chocolates, tractors to computer systems. In short, our interests are multinational and multifaceted. With a history and tradition of entrepreneurship behind us, we are well-equipped in239 words
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Advertisement154 1981-06-09 11 VACANT FACTORY BUILDING FOR SALE Available approximately 270,000 square feet, excellent condition, vacant factory building in Jurong Industrial Estate, near Jurong Port Road, for sale. The transaction is subjected to JTC for final approval. Interested parties please state, Company's name, address and telephone number to:Mr. Say Tee Lim 4608, River154 words
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307 1981-06-09 12 C E Tours pays off its creditors THE MANAGING director and owner of C A E Tours, Mr Cheong Kim Hock, happily stepped out of debt when final payments were made to creditors over a buffet dinner last night. Sounding and looking jubilant, Mr Cheong lightheartedly welcomed and greeted guests307 words
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133 1981-06-09 12 AP AUTHORITIES in South China's Guangdong province, seeking to attract more foreign investment, are considering cutting the tax rate on foreign businessmen's income from joint ventures, China's official Xinhua News Agency reported yesterday. Reduction or exemption of customs duties for equipment being importedAP - 133 words
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Article399 1981-06-09 12 Reuter JAPANESE Prime Minister Zenko Suzuki said yesterday that it would be a "suicidal act" for industrial democracies to adopt protectionism. On the eve of his departure for a six-nation West European tour, Mr Suzuki said that industrial democracies should maintain a free trade system toReuter - 399 words
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223 1981-06-09 12 THE INFLUENCE of the mass media, which is dominated by Western ideas, must be diluted and school curricula must be changed to strengthen our values and morals. Mr S Dhanabalan, Minister for Foreign Affairs and Culture, said this yesterday when he addressed223 words
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Article730 1981-06-09 12 LONDON, Mon. Gold shares were rallying towards the close of official dealings today as the bullion price was being negotiated at US$476 a troy ounce at one stage during the afternoon fix, compared with the morning fix of $460, following news that Israeli planes destroyed an Iraqi nuclear730 words
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Article95 1981-06-09 12 AP NEW YORK, Mon. The stock market followed through on last Friday's rally with another advance in brisk trading this morning. The Dow Jones average of 30 industrials climbed 5.93 points to 999.72 in the first half hour. Gainers outnumbered losers by a 5-to-3 margin in theAP - 95 words
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Page 12 Advertisements
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Advertisement299 1981-06-09 12 DYNAMISM June 22 23,1981 a 2 day seminar for senior executives DAY ONE: TRANSLATING DYNAMISM INTO EFFECTIVE MANAGEMENT INITIATIVE Objective: To show you that dynamism needs to DAY TWO: DEVELOPING DYNAMIC MANAGEMENT TEAMS Objective: To show how different types of dynamism need to be blended in be measured,.developed and channelled299 words
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Advertisement610 1981-06-09 12 See-it-iii-action Study Mission to JAPAN INDUSTRIAL ROBOTS AND ADVANCED AUTOMATION Jointly organised by The Singapore National Employers Federation and Technology Transfer Institute n rliiriltfin VnTTOOUCTVOVI Robot* ore revolutionafczrig industries throughout the world At the moment, Japan operates at least 75,000 r>dustnal robots, accounting for more thon 70% of the *ortd610 words
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Page 12 Miscellaneous
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Miscellaneous64 1981-06-09 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several places in the morning. Report for 24 hours prior to 7.39 pm on Jane 8 at the airport. Maximum temperature 32.1 Associated humidity 63 Minimum temperature 25.4 Associated humidity 98 Hours of sunshine 7.60 Rainfall in millimetres64 words
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SHIPPING TIMES
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332 1981-06-09 13 Reuter AN INDONESIAN Maritime Court which heard evidence on the sinking of an inter-island ferry last January with the loss of 666 lives has found five crewmen guilty of neglect of duty. They were suspended from service. In a judgment released last Saturday,Reuter - 332 words
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Article, Illustration392 1981-06-09 13 JAN LEE - By JAN LEE MAJOR car carrier operator, Toyofuji Kaiun Kaisha of Japan, has added another vessel to service the trade from Japan to Taiwan, Hongkong, Singapore, Peninsula and East Malaysia. The latest addition to the fleet, the Toyofuji No 6, was in Singapore last Saturday on392 words
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PORTSIDES
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Article157 1981-06-09 13 Reuter TOTAL new shipbuilding orders for members of the Organisation of Economic Cooperation and Development (OECD) shipbuilding working party declined to 3.83 million gross registered tonnes (grt) in the first quarter of 1981 from four million in the same period last year, the OECD said. Japan's newReuter - 157 words
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Article90 1981-06-09 13 AP CHINA put more than 1,000 soldiers to work in major ocean ports and reduced serious congestion that had been plaguing it for eight months, the official Xinhua news agency reported. In May, the agency said, an average 276 ships a day were waiting in China's oceanAP - 90 words
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Article45 1981-06-09 13 A LICENCE agreement has been signed between Kawasaki Heavy Industries and MAN-B&W Diesel GmbH, on behalf of B&W Diesel A/S of Copenhagen. The agreement covers all B&W twostroke uniflow scavenged engines of the K/L--GFCA and L/GB-GBE types and is valid for 10 years.45 words
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Article635 1981-06-09 13 Shipping Use Page C*i Shipping Line Cat Achipelejfo vn 1 Evergreen IV 3 Adriatic VI 5 Fesco vn 4/5 Afea VI 3 Flotta Lauro V 5 Afro-Eurasia VI 2 Fortune VI 5 A1 Navigation VI 2 Franco-Be lj? m 4/5 All trans VI 5 Frata NVOC VI635 words
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355 1981-06-09 14 Fairplay SEA Containers has embarked on an ambitious newbuilding programme for more Boxer and Contender class vessels. Mr James Sherwood, president of Sea Containers, said that his company hopes to build 20 more Contender class vessels over the next five years. HeFairplay - 355 words
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Article782 1981-06-09 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 Petr Starostin Anro Australia Mercator Ever Humanity K.Saryan Asian Patroos Fondo Tysla Benavon Kaga Maru P. Johnson Gold Africa Maersk Mango Gold Asia782 words
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Article1632 1981-06-09 14 GRAIN CHARTERING remained subdued on Friday with rates generally showing little change, brokers said. A steady US$l3 was agreed from the US Gulf to Holland while a slightly higher level of $37 fio was paid from the Gulf to Japan. A cargo from the Gulf to Constanza received1,632 words
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Article413 1981-06-09 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Burwave (1000 5 Eizan Maru (after Shinsei Maru subj. free bd) 19 Equator (070) 22 Ross Sea (1800) 15/16 Ragna Bakke (100) 6/7 Sagaland (2300 47 Simba (0500) 3/4 CONTAINER TERMINAL Jutlandia 50 Mediterranea 49 Takari n 51S Pegasus Pride 53 Takari413 words
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490 1981-06-09 15 KIE Hock Shipping (1971) Pte Ltd, which was liquidated in May 1978, continued to trade even when it was insolvent. This was revealed in an investigation ordered by Finance Minister Hon Sui Sen at the request of its creditors. The report indicated490 words
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370 1981-06-09 15 FEARS that a centralised satellite distress message system could be more dangerous than the existing congested radio links have been expressed by seafarers. The International Transport Workers' Federation told the Inter-governmental Maritime Consultative Organisation's sub-committee that a centralised system should not be the only370 words
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Article, Illustration533 1981-06-09 15 JUNE LIM - By JUNE LIM CHINA is often associated with modernisation after the present government decided in 1977 to make modernisation its watchword. We see attempts at modernisation in the fields of agriculture, industry, technology and defence. And of late we also hear of its failed533 words
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1932 1981-06-09 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. PN1,932 words
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Article96 1981-06-09 19 ETA ETA ETA SPORE KUANTAN PORT KELANG NAZAKAT 25/6 Loading For Dubai only MALDNE N06LE In Port Loading for Karachi/Muscat/ Dubai/Dammam MALDNE PLEDGE 18/6 Loading for teddah MALDIVE UNITY 18/6 Loading For Karachi IIALDWE ITORTEI In Port Loading For Mate MALDIVE PRBE 22/6 26/6 Loading For Dubai/Dammam/ Kuwait96 words
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Article281 1981-06-09 20 THE Behaviour of Disabled Large Tankers June 9-10. Cunard International Hotel, Hammersmith, London. Dynamics of world coal trade June 10-11, Maritime Association of the Port of New York symposium, Biltmore Hotel, New York. International Mining exhibition and congress June 11-17. Dusseldorf, West Germany. Seatrade US Gulf Conference June281 words
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Article442 1981-06-09 20 Reuter DEVELOPING countries opposed to nag of convenience (FOC) shipping have won a vote for an intergovernmental meeting to draft an international agreement giving states more powers over foreign shipowners and operators. The shipping committee of the United Nations Conference on Trade and Development (Unctad)Reuter - 442 words
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Article243 1981-06-09 20 CONDITIONS were very quiet and rates were again easier on the tanker market, with trading in the Caribbeans virtually at a standstill. Moves by certain producers to cut prices of crude oil may be behind charterers' reluctance to hurry their commitments at the present time.243 words
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Page 13 Advertisements
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Advertisement588 1981-06-09 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 m AR I) 1\ i AN AH Orient Overseas Cattlemen Line FULL! CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) I KOKJW MCEJM 10* 3/7 CWM588 words
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Advertisement294 1981-06-09 13 HSEALORDS UASC UNITED ARAB SHIPPING CO (SAG) GULF EXPRESS MULTI-PURPOSE SERVICES BN HAYYAN V 35 I.H'k'lui i: »11X7] Mina Qaboos (29/6), Dubai (1/7), Dammam (4/7), Abu Dhabi (7/7), Kuwait (10/7), Mina Al Fahal (13/7), Bahrain (16/7), Doha (19/7) FULLY CONTAINERISED SERVICE EEggg i>lr .-a iii •BAR ZAN V.15 Closnf lines:294 words
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Advertisement722 1981-06-09 13 BALT-ORIENT LINE Baltic Shipping Co Heftier Services from South East Am to United Kingdom end North Continental Ports Agent: Singapore Soviet Shipping Co Pte Ltd Tel: *****3 MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: BELGIUM, HOLLAND, GERMANY, SCANDINAVIA, SWITZERLAND, AUSTRIA, FRANCE Feeder Vessel Port Kelang Penang Saied 21-21/6 I 22-23/6722 words
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Page 14 Advertisements
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Advertisement745 1981-06-09 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Container Semce Feeder *P Keiang To Etrope Spore 1) Mseilies 2) Rdam 3) H burg 4) Gburg MHON SfLANOM B SURtA N DCHMA745 words
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Advertisement242 1981-06-09 14 815 SUPERCARRIER SERVICE "BARBER TONBBERG" km 17 "BARBER TENNESSEE" km 24 AU KSSfiS BOTH SMCAPOBE AT BBS TEMMAt GOOOWR 47 "BARBER PRIAM" hue 24. "BARBER THERMOPYLAE" A* V TO: PANAMA US ATLANTIC EAST CANADA US GULF P( Koto* SSKAPORF Cretan St lota ft Orteam Homtoo 14/4 12/9 TO: CALIFORNIA (22242 words
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Page 15 Advertisements
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Advertisement445 1981-06-09 15 OCL Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok KM VON KOM.OON BAY HONGKONG EXPRESS HMBUK EXPRESS TOKIO EIPRESS MOUNTS BAY AL£MMM EXPRESS T0« TO BAY AASUGA MMU BREMN EXPRESS CONTAINERSHIP SERVICE FROM UK/CONTINENT BANGKOK AGENTS: BOMCO SERVICES LTD. BANGKOK TEL 234 1622 (5 IKES)445 words
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Advertisement426 1981-06-09 15 w Franco Belgian Services (Fat Fas! f'rf.tch Serixce with Pihjxan F<ir Fustt rt: /.tnr<> ACE CONSORTiIm FULL CONTAftRSH* SERWCI TO EUROPE FULL CONIAJMRSMP SERVICE FROM EUROPE SBKAPORE f KELANG Li Hatrre lim Ifburf B'H«en *»erp TRANSIWRID BROS M PORT 10 km lOCATOR 1? km 1« km ORCNTU CMEF 70 km426 words
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Page 16 Advertisements
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Advertisement776 1981-06-09 16 TO NOKTH EUROfE I EXPORTS 1 le Ha»re Also accept"* transhipment cargo !o< CARIBBEAN WES' WOtfS »ia Hamburg TO MEWTIWANEA I I TW HK Onatr Dt Bton 3 6 5 6 Hat<t) Man 7/6 9 6 Nppnici 15/6 17/6 TO NORTH EUMfE/HDITEttANEA, Ihederstew Mai Rickmers Moseftteu> TO USA/CANADA Spore PR776 words
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Advertisement687 1981-06-09 16 KOREA SHIPPING CORPN P. K elanj PENANG VEGA 161N 28 June/2 My 3-5 July VEGA 162E 28 June/2 My 35 My SPORE 710 July FROM BUSAN BANGKOK 7-10 July TO BUSAN ALTAR 165W 10-13 My 14-17 My 18-22 My FROM BUSAN BANGKOK ALTAR 166E 10-13 My 14-17 My 18-22 My687 words
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Advertisement616 1981-06-09 16 r EVERGREEN UNE 1 FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CARGO FOR UNITED KINGDOM SOUTHAMPTON, LONDON. MANCHESTER. BIRMINGHAM, BRISTOL, LIVERPOOL, GLASGOW. LEEDS ETC. WEST GERMANY BREMFRHAVEN, OSLO. STOCKHOLM, GOTHENBURG. AARHUS. COPENHAGEN HOLLAND AMSTERDAM S part MM HjKtMf Ratlwta* fafcitMft Antwwp L( Hst (>« UfM 11/4 »/S 1/7 4/7616 words
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Advertisement688 1981-06-09 16 EveretFLmes] u OA Dncharpnt V+i HTAATAKYWA r*ASHWt£<rAWY*A n an PAGAN Trinspocttdon Maritima Mtxtcsna S. A. "MEXICAN NATIONAL LINE" FAR EAST/MEXICO t CENTRAL AMERICA SERVICE "on TMM throufti B1 of Ladmg" LOADING FOR (NSiNAOA MAN/AMILO ACAPUICO ACAJUTIA CORfITO SAN IOSf PUKIAWNAS (COSIA RICA) COATZACOAICOS. VtRACRU/ AND lAMPICO «ffTH TRANSHffUKNT AT HONGKONG688 words
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Advertisement355 1981-06-09 16 OCEAN SHIPPING ENTERPRISES PTE LTD. 31 SANKYO LINE JAPAN/STRAITS SERVICE CONTARCR BOOK ME SUB AGENTS P ttl*NG PtNANG SRKAPORE m *****44/7 I *****70 i iiarui m 4mm 4*475* OCEAN SHPPMG STORE TU *****44/7 IALAI"S CONTUO P KELANG TU (347. M 73/4 CAST ASA SMPMG m 3J-5732/3/7251 MAIRTSM TRACE t TRANSPORT355 words
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Page 17 Advertisements
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Advertisement836 1981-06-09 17 I "JSL. pil group PULL CONTAINER SERVICE TO COLOMBO. HOOEIDAH, JEDDAH AQABA (Reefer Cntrs Acceptable) 5-5/7 8-8/8 11-11/9 15-16/7 18-19/8 21-22/9 21-22/7 24-25/8 27-28/9 Accepting LCL Cargo to Colombo Aqaba. *FCL Closing 16/6 2300 Hrs. S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ EAST AFRICA/REDSEA SERVICE Singapore P.Kalang Panang Loading836 words
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Advertisement791 1981-06-09 17 BEN LINE CONTAINERS EXPRESS CONTMCR SERVICE TO/FROM EUROPE H BURG B HAVEN ROAM HAVW SO lON FROM EUROPE H BURG SHAVEN ROAM HAVRE SOI ON W Germany Austria Benelui France AH UK PKeiang S pore For Mano Mara Sated Sated Sated Sated Sated U/l If* 6U Hongkong lipress Sated Sated791 words
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Advertisement741 1981-06-09 17 Scan Dutch 9 > 5 1 y 5 1 f r/ I 1 WEEKLY EXPRESS CONTAINER SERVICE TO med/uk/nc/scan b pinaga sm B DAMIA 1? 6 B PfWCA 19 6 8 OWt* a i B PtNAGA 3/7 B DAM* 10/7 g PfNACA 17/7 g OAHIA ?4 g PtNAGA 31 7741 words
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Advertisement613 1981-06-09 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUWjOjW S. AFRICA AFRICAN EXPRESS s P° re 10/12 Jun< Also accepting FCL containers. (loading direct for Reunion, Durban and Copetown only) Lukes/ 4 Linos U.S. WEST COAST SERVICE k tof Otarttrom SFO Lbcli STOW S tie Tic VBC LESLILYKES 13/6 9/6 17/7 12/S613 words
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Page 18 Advertisements
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Advertisement966 1981-06-09 18 K LINE 1 K AWASAKI KISEN KAISHA, I I I) EXPRESS CONTAINER SERVICES TO NORTH AMERICA CarfWi aho acctptablt lor OaAland Vancouttr Portland Houston. GahtJlon New Orltam Boston SI total. PMadtfctu. Norfi* Battmart Savannah bcksomit TO EUROPE S port P Kelan* L Havre Rdam H burg Bremen »erp rWBMOG£6W In966 words
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Advertisement646 1981-06-09 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EIPRESS CONTAINER/REEFER SERVICE loa*if tor LOS ANGEIES SAN FRANCISCO SEATTLE. TACOMA VANCOUVER BC Acceptnf FCI/PCI Cantamrs P Aetai* jmtapote I Anp*s "A VESSII 10 Mr HA* 6 Am AUSTRALIA EXPRESS CONTAINER SERVICE Acceptont FCI/FCI Crtaim NEW ZEALAND SERVICE TtSMk ASHA VISHVA TARANC Lu*f nam irmnoN kunkton646 words
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Advertisement386 1981-06-09 18 S^(>roiip SINGAPORE SHIPPING AGENCIES PTE. LTD 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 13 LINES) GENERAL *****1 114 LINESI TERMINAL OFFICE *****83 TELEX RS ***** RS 2SS6B A/BCARSHIP CABLE CARGOSHIP Regional Container Lines WEEKLY CONTAINER SERVICE to/from BANGKOK SINGAPORE ISLANDS UNE KUSU ISLAND MAHA MIDDLE EAST REGULAR LINER A386 words
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Advertisement653 1981-06-09 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 S PORE P. KELANG LOADING FOR: BOMI 30 )un Iran Ports YONG JIN 30 Jun Alexandria/Tripoli/ P.Said/ P.Suez KOMARINE 2 Jul Bahrain/Kuwait Hyundae Shipping Co. Ltd. Y'hama Kobe653 words
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Advertisement646 1981-06-09 18 4* INTRASEA (PTE) LTD. Faber House 234E Orchard Road Singapore 9 Telephone *****11^*****57 REGULAR MXPEJOENT BREAK BULK SERVICE TO EUROPE/I* S pare P. KeUnf Penary Loadaif tor WORLD STM BBOOIIn Port Saled BOUOOC /RDAM UK (AVON) NORASM ***** (M 9M do NORAStA ***** Au( 10 Auf It DAM/UK (AVON) FULL646 words
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Page 19 Advertisements
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Advertisement725 1981-06-09 19 TO EUROPE/UK (VIA SUEZ): TW BRDGE 6W MERCATOR 23W+... 0. CHEF 25W HK CONTAfO 26W. K. JACEJM 10W C. CONTAfO 12*1.. N. 6AR(CT 6W Also accepting cargo to/from Scandinavia MERCATOR S'pore Closing Times: FCI Cargo 1800 11/6 LCI Cargo 0600 11/6 FROM EUROPE (VIA SUEZ) C. CONTAINER 11E. N. GARNET725 words
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Advertisement232 1981-06-09 19 ft t KASTKKN t \l! I .IN Kit. I.TI). IptcitM 10 RO/MO I SUM WAY BLUCKOCM CAR UMER No 1 •LUC MATSUYAMA •UN WAY ASIAN STAH ■LUC HOC Ml T! ((,>.«• 'Jwcrt S' rtf td IVO 'nra Inr| I fonj 16. Hi'Hri Quai Stf't'P 0 I Irt row II 'I232 words
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Advertisement593 1981-06-09 19 SINSOV Singapore sovrr supping co private ltd SMSOV BULDMG 55, Market Street Smfapore 0104 Telephone Numbers *****3 (10 Lines) Cable Address SMSOV SMOOTH Telex Numbers RS ***** RS ***** RS 2510S M/S SHMMAT MM SOW SOU M. IST AM) 2ND FLOOR. NO 1. MM COrCNMG. PORT KLANG. MALAYSIA Tel *****6/8593 words
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Page 20 Advertisements
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Advertisement314 1981-06-09 20 A ANTOLL LINES Direct B.'Ls to BRISBANE. SYDNEY MELB (GEELONG) ADELAIDE Independent FCL Container/Conventional Liner Service SINGAPORE WEST MALAYSIA 1401 5, Robma House Shenton Kav Swtaoore 0106 Tli RS ***** let *****11 Bkjs *****43/*****23 HSH (M) Sdn Bhd KL Tel 4860*3 *****7 Pt Kel lei *****6 Tti ***** Penanj let314 words
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Advertisement263 1981-06-09 20 ft JOHORE SHIPPING LY 161. (ALAN TENGI SFIAN( TENGKU BAOAR PORT KELANG SEI ANGOR MALAYSIA Tfc HAJ SHIPPING SDN. BERHAD Express Umttoad Service from P Kelang East Malaysia Brunei HAYATI V: 8/81 HAYATI V: 9/81 HAYATI V: 10/81 HAMDAH V: 10/81 HAMDAH V: 11/81 HAMDAH V: 12/81 P. KELANG 10/6263 words
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Advertisement302 1981-06-09 20 IBU "K"l .INTF. KINKAI m JAPAN/STRAITS/JAPAN Fully Containerised Service Tokyo Kobe S pore Penang P Ketang S pore Tokyo SM SM 10/6 12/6 13/6 16/6 26/6 8/6 11/6 22/6 24/6 26/6 27/6 7/7 21/6 30/6 10/7 12/7 13/7 16/7 26/7 Boustead SNppng *****4/*****5* Harmon I CrosfieM KL ***** P Ketone302 words
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Advertisement201 1981-06-09 20 SL WOOD LINE Bulk Timber and Plywood Service UK/CONTINENT SERVICE Spore MOUNT RUNER Nl *****/8 sura m. Wl 005 5/7 PKeUnf T( Mara Loadnt 24/6 16 6 ANT/RDM/ UK ES6I 10/7 30/6 HANTES/RDM/ UK ESBJERG 15/1 5/1 NANTES/RDM/ UK SOUTH AFRICA SERVICE SA 001 20/6 11/6 Retmn/Ourt>«i/Capcto«n SA 002 15/7201 words
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Advertisement284 1981-06-09 20 ITransocean Liners (Pte) Ltd. 1005-1008 10th Floor, Robino House, Shenton Way, Singapore 0106 Phone *****33 Telex R*****9. Representing INTERMARITIME LTD. REGULAR SERVICE TO SOUTH AFRICA MV "SAN PEDRO" Voyage 23 Singapore Loading for: In Port Durban, Cope Town Agents: H.S.H. (M) Sdn Bhd. Port Ketone 3*6696. *****6 KuaU Lumpur *****7,284 words
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Page 20 Miscellaneous
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Miscellaneous162 1981-06-09 20 i m a Wi N s in 9 R 9 g t. L \< c f w n< Wind direction with speed in knots SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C y Shower Weather Wind direction with speed in knots Rain Wave162 words
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