The Business Times, 18 March 1982

Microfilm: NL11886
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 93/1/82 THUBBPAY, MARCH 1», I*B2 60 CENTS
    11 words
  • Article
    Orient's leases may include servicing
    314 1 ORIENT Singapore is thinking of diversifying into maintenance leasing. At the moment, the company leases a wide range of equipment and machinery but the customer or lessee has to pay the cost of maintenance. With maintenance leasing, however, Orient Leasing, will provide the services for
    314 words
  • Article
    Brokers seek to remove immediate delivery rule
    1169 1  -  By KOH TSE YING MANY members of the Stock Exchange of Singapore still want the immediate delivery ruling to be lifted. Most of them take the view that it would be healthier to reinstate the former system of trading even though it could
    1,169 words
  • Article
    Two financial houses going into factoring
    438 1  -  By LEE YOKE MENG ANOTHER two financial institutions are expected go into the factoring business this year. Bank of America and DBS Finance are at various stages of introducing the factoring service to their customers. The decision will expand their scope of operations. In
    438 words
  • Article
    Number of road vehicles passes 400,000 mark
    207 1 THE number of road vehicle® in Singapore has gone past the 400,000 mark a nearly 40 per cent rise in four years. Government statistics show that the number of motor vehicles stood at 401,806 in December last year. This is 8.2 per cent
    207 words
  • BRIEFLY...
    • Article
      Protectionism
      105 1 SINGAPORE, one of the countries spearheading the Third World attack on Western markets, has complained that its electronic and household goods are being unfairly barred from some countries. Addressing a UN Conference on Trade and Development (Unctad) meeting on protectionism in Geneva, Singapore delegate Chew Tai Soo also criticised
      105 words
    • Article
      Lock icon Credit squeeze call
      73 1 AP LONDON, Wed. A high-powered US delegation, seeking a solid allied front for a credit squeeze on the Soviet Union because of the Polish crisis, was meeting with British officials today as part of a European tour. James Buckley, Undersecretary of State for Security Assistance, Science and
      AP  -  73 words
    • Article
      Lock icon Sperm whale hunting
      91 1 AFP TOKYO, Wed. Japan will work closely with the Soviet Union and other whaling nations to prevent the International Whaling Commission (IWC) from clamping an "unscientific" moratorium on sperm whale hunting in the Western Pacific, Prime Minister Zenko Suzuki told Parliament today. Suzuki told the Upper House
      AFP  -  91 words
    • Article
      Lock icon MAS air fares
      69 1 AFP KUALA LUMPUR, Wed. The Malaysian Airline System (MAS) had to raise (ares for flights between Malaysia and Singapore because of rising operating costs and "developments in the company itself", Deputy Transport Minister Datuk Abu Hassan Haji Omar told Parliament today. Datuk Abu Hassan said that from
      AFP  -  69 words
    • Article
      Lock icon Dutch support
      60 1 AP BANGKOK, Wed. Visiting NetherLands Prime Minister Andries Van Agt confirmed to Thai premier Prem Tinsulanonda that his country backs the UN resolution on withdrawal of foreign troops from Kampuchea. He also proposed assistance to Thai education and technical and financial help in improving Thailand's telephone system. The
      AP  -  60 words
    • Article
      Lock icon Capital need
      73 1 Reuter BAHRAIN, Wed. South Korea requires about USJ7 billion in foreign capital under its current development strategy, but the capital need will lessen if oil prices and US interest rates drop. The governor of the Korea Devel2ment Bank, Mr Chang-nak Choi, to said that only one third of
      Reuter  -  73 words
  • Article
    Plans for action against Apple imitators
    205 1 APPLE Csapater Im of the US Is studying the pssriMlttysf taking legal Mi Apple n oompater la this regies, h a rtitcisl la Cspertlas (CaOfsraia) vesterday, Apple said this ixrzZ&srz this reglsa. The riapm said: «We ■art paiw all legal ave•f asajsr ZZSpr—*"* Apple
    205 words
  • Article
    Moves to meet demand for computer personnel
    478 1  -  By WANG LOOK KEAH THE National Computer Board, set up since last year, has a comprehensive plan to increase the number of computer personnel to meet the projected de- mand of 5,800 by 1990. The board recently launched a recruitment exercise in the
    478 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      225 1 Bookshops MDS MINORITY shareholders of Leong Huat have again voiced their unhappiness over the Securities Industry Council's handling of the Ho Kok Cheong case P*g® vt THOUGH long-term investors are generally advised to buy in the current declining market, Laurence, Prust Co feels it is wiser to wait Page 11
      225 words
    • Advertisement
      Page 1 Advertisements Column 2
      36 1 Diners Club. Highly regarded by Singapore's best hotels and restaurants since 1961. Ffeople think highly of a Diners Chib member. o? i *Lr.>i < all 4l< >i mi I lul > applk ati< >11 l< »rm n ><la\
      36 words
    • Advertisement
      Page 1 Advertisements Column 3
      3 1 :)'%[$@-}~@}@!:>}?[$**+??]];__> See page 5
      3 words
    • Advertisement
      Page 1 Advertisements Column 4
      45 1 C.ill tfw i one and only Di Sony any day of t ho year *****1 The Sou\ Service Centre SH r m 3 VI world. °Y^ SEAS UNION HOUSE, 5000LLYER QUAY, SINGAPORE 0104. TEL: *****11 POSTAL BOX ADDRESS: MAXWELL ROAD P.O. BOX 3070, SINGAPORE 9050.
      45 words
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  • BANKING AND FINANCE
    • Article
      Lock icon US prime moves up
      511 2 NYT A TENTATIVE trend towards lower interest rates in the US was aborted on Tuesday as four major banks raised their prime lending rates half a percentage point, to 16Mi per cent, reversing a downward move they made on March 8. As a result, the prime
      NYT  -  511 words
    • Article
      Lock icon Ford Credit sells US$1.5b receivables
      85 2 Reuter FORD MOTOR CREDIT. Ford Motor Co's financing subsidiary, has sold US$l.5 billion of accounts receivable to a group of 39 banks led by Morgan Guaranty Trust Co. The sale was arranged as a precautionary response to the downgrading by Standard and Poor's Corp of
      Reuter  -  85 words
    • Article
      Midland's plan for merchant bank
      181 2 MIDLAND Baak piaaa to raa a merehaat baak ta Slagapare, aabjeet to the flaal approval af The Maaetary Authority «I Slagapare (MAS), said Mr Peter White, MMlaad ehtorf maaager la Stogapare, dayMid la ad Is at preaeat la a Hat veatare merehaat baak MMlaad Maataga
      181 words
    • Article
      Lock icon MARGIN REQUIREMENTS
      62 2 Reuter THE MARGIN committee of the Commodity Exchange Inc said in New York it raised the margin requirements for gold futures, effective yesterday. The speculative margin will be US$l,5OO, compared with the previous $1,250. The hedge margin will be 11,000, compared with the previous $800. Comex said the
      Reuter  -  62 words
    • Article
      BONDS AND LOANS
      481 2 THE Kingdom of Spain wiU soon award the mandate for its US$45O million Eurocredit. banking officials said, and it will still contain a spread of H per cent over London interbank offered rates (Libor). The loan's success will depend upon the part priced at Vi per cent.
      481 words
    • Article
      Lock icon Growth in loans expected
      225 2 Reuter CORPORATE short-term borrowing in the US continues to grow at a brisk pace and vigorous growth should continue for several months, Continental Illinois National Bank and Trust Co said in a weekly economic newsletter. "Reduced cash flows and difficulty in reducing inventories, along with corporate
      Reuter  -  225 words
    • MONEY AND EXCHANGES
      • Article
        Gold
        238 2 SINGAPORE gold futures yesterday closed easier compared with overnight levels in thin trading. Prices were marked down between US$9 and $10 at the outset following the metal's weakness in New York overnight but the market recovered marginally in late afternoon trading. Total sales for the day was recorded at
        238 words
      • Article
        Silver quotes
        41 2 JV* mm New York 7 038 7 188 7.10S 7.BS Zurich 7.17B 6 938 7.27S 7 03S WmA TM Singapore WW IK* 6968 7 10B 7.10S 72SS Closing price* In US dollar* a troy ouaa Source: Credit Suisse, S'pore.
        41 words
      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.69 per cent.
        22 words
      • Article
        ASIAN $ RATES
        184 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Mar 17: U8 Doilsn(SaM) oti* M 7 days 13H 15H 1 month 133/16 133/16 2 month* 15 3/16 13 3/16 3 months 133/16 133/16 6 months 133/16 13 3/16 B months 13 3/16 131/16 12 months 13 3/16 131/16
        184 words
      • Article
        Discount
        43 2 RANGE at price* offered by discount houses on kUr IT: Overnight 1% Call deposits 3% CkMiu fcTl* 3-month Belli** Treasury bills 31/16 215/16 3-month Bank bills 8H 8* 3 months CD 8* 8tt 8 months CD 8* 8« Source: National Discount Co
        43 words
      • Article
        HONGKONG
        75 2 THE US dollar in Hongkong yesterday recovered against major currencies in late trading after easing in the morning, dealers said. The dollar came back off its highs on profit-taking after European markets opened. Banknote rate* yesterday US 5.77/5.W UK 10 35 10.56 Brunei 2.70/2.73 W Germany 2.425/2.4« Malaysia -147/1«
        75 words
      • Article
        Treasury bills tender
        43 2 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $140 million 91-day Treasury hills to be issued from March 22 to March 26. Each tender must not be for less than <250,000.
        43 words
      • Article
        Singapore market
        435 2 THE American dollar was steady against most major currencies except the yen on the foreign exchange market yesterday. Against the Singapore currency, the US unit opened at 512.1210/25. li, moved up to the day's high of 552.1260/70 and then slid to its lowest at 552.1200/10 in the afternoon.
        435 words
      • Article
        Tokyo
        244 2 THE US dollar for overnight delivery in Tokyo yesterday closed at 242.06 yen after reaching an eight-month high of 242.60 at midday despite central bank intervention, dealers said. But this was higher than the 241.50 opening in Tokyo, the overnight New York close of *****/80 and the 240.60 finish
        244 words
      • Article
        London
        37 2 Openinq quotes yesterday US 1.8055 65 Can 2.1955/85 Cross —***** «4 DMk -4.2905 45 D F1 4.7035 80 S Fr 3.3952 4005 B Fr con 79.70 84 F FY 11.0630 745 Ut 2322.25 2325.35 Yen 435.85/436.65
        37 words
    • Article
      Lock icon Sharp rise in Tokyo forex trading
      235 2 Reuter INTERBANK trading in the Tokyo foreign exchange market increased sharply to a daily average US$l billion in 1981 from $2.32 billion in the previous year under the new foreign exchange law enforced since December 1980, a senior finance ministry official said. Takashi Kato,
      Reuter  -  235 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      244 2 This advertisement appears as a matter of record only K/S A/S MINERVA CO. T onsberg, Norway U557,906,977 Fixed Rate Financing for a Multi-Functional Supply Vessel under construction in Singapore Managed by Nordic Bank Limited, Singapore Branch Provided by the Singapore Branches of Bank of New South Wales State Bank of
      244 words
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  • TRADE AND INDUSTRY
    • Article
      Call to adopt standardised building system
      291 3  -  By LOH HUI YIN THE CONSTRUCTION industry should adopt the modular coordination (MC) system of building if prefabricatlon is to succeed here. This is because all buildings and components are standardised under the MC system. These are sized up in terms of units and
      291 words
    • Article
      Bekaert to set up warehousing facilities
      237 3 BEKAERT Far East Pte Ltd, a Belgian company dealing in iron and steel wires, will set up warehousing facilities here. Bekaert, which has a representative office in Singapore since 1979, deals in a wide range of ordinary and special wires. Its wires can be
      237 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      202 3 CHEMICAL Bank Singapore has appointed Mr Lee Back Chye as assistant manager in its ship finance unit beaded by Miss Esme MA Parish. Mr Lee was formerly a financial analyst with Morgan Guaranty Trust Company of New York. BATA Singapore recently sent two of its staff to
      202 words
    • Article
      Devan to give inaugural management lecture
      259 3 PRESIDENT Devan Nair will deliver the first Annual Management Lecture of the Singapore Institute of Management on March 31 at the Shangri-La Hotel. The lectures are aimed at providing a platform for eminent speakers to address the institute's members and guests on management issues
      259 words
    • Article
      Good show in LCCI exams
      124 3 SINGAPORE students performed well in the 1900 London Chamber of Commerce and Industry examinations, taking the top prize in 14 out of 63 categories. At yesterday's prize giving ceremony by the Singapore International Chamber of Commerce (SICC), 49 students were awarded medals for excellence in
      124 words
    • Article
      What companies neglect in times of crisis
      231 3 WHEN disaster strikes, My dealing with the press aad the pa bile appears fee be least impsrtaat. Yet the mishandling ef this aspect at crisis central eaa have qseaees thaa the event Itself. Mr Peter Bssteck, Asia* AastraUa rhalrwus si pahMarsteller, tali a
      231 words
    • Article
      More performance appraisal courses
      442 3  -  By LIM SOON NEO THE National Productivity Board aims to expose companies in Singapore to most aspects of performance appraisal in three years' time. Mr Wee Yue Chew, manager of the board's labourmanagement relations unit, said performance appraisal is an invaluable tool which helps an organisation
      442 words
    • Article
      Developer expects upturn in market
      282 3  -  By LEE YOKE MENG MR MICHAEL Kwok, the executive director erf Riverview Development, yesterday forecast a significant upturn in the property market within the next 12 months. The multi-million dollar investment being pumped into the Riverview Garden condominium project is a strong indication of the
      282 words
    • Article
      NUS talks on team building
      136 3 THE Department of Extramural Studies of the National University of Singapore will hold a five-lecture course on "Organisational team building" from Friday. The lecturer wffl be Mr J Wimalastrt The course will attempt to unravel the complex skill of team building and Identify its components.
      136 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      101 3 I ft F OOo KM FIRST CLASSM O o o Excellent b opportunities in exclusive surroundings. In Cathay Pacific First Class you're among a select group of people. People who are used to enjoying exclusive privileges. Priority check-in, invitations for cocktails at our Discovery Lounge. On board you enjoy our
      101 words
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  • OVERSEAS
    • Article
      Lock icon Bonn unwilling to take lead in credit sanctions
      358 4 Reuter THERE are indications West Germany is unwilling to spearhead Western credit sanctions against the Soviet bloc, feeling that US criticism of German lending is unfair. West Germany, the largest Western trading partner with the Soviet bloc, was the first stop on
      Reuter  -  358 words
    • Article
      Lock icon Framework for talks needed
      284 4 Reuter, UPI COMMERCIAL banks need a political framework in which to discuss the Polish debt rescheduling for 1982, and would not consider providing Poland short-term credit without it. Mr Hannes Androseh, chairman of Creditanstalt-Bankverein said in London on Tuesday that "we need a political framework in
      Reuter,; UPI  -  284 words
    • Article
      Lock icon Marcos on need for balance in trade
      202 4 Reuter PRESIDENT Marcos yesterday expressed hopes that the developed world would soon realise that it is in its own interest to restore order to international trade and dismantle protectionist barriers. In a speech read for him by Prime Minister Caesar Virata at a
      Reuter  -  202 words
    • WORLD IN BRIEF
      • Article
        Lock icon GREEN CARD GO-AHEAD
        433 4 Agencies JAPANESE Prime Minister Zenko Suzuki said the green card system will be introduced as planned in January 1984, in spite of growing opposition in the ruling Liberal Democratic Party. The green card aims to identify individual investors to close loopholes in the taxfree allowances for investment
        Agencies  -  433 words
    • Article
      Lock icon Opposition to J P Morgan's plan to trade in futures
      561 4 NYT A PLAN of J P Morgan A Co for the first bank-owned brokerage concern to trade in financial futures has encountered stiff opposition from some commodity brokers and dealers in the US who fear that Morgan and other banks
      NYT  -  561 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      763 4 ARRIVALS Service Local Operator Number Time From PAA PA005 0220 NYC/SFO/ AHA/HKG MAS MH601 0700 KUL SLA SQ41 0740 MAA SIA SQ101 0845 KUL MAS MH811 0643 PEN RBA Bid 0855 BWN MAS MH671 0915 KUL MAS MHB1 1000 PEN/KUL MAS MH680 1010 BKI/MYYKCH SIA SQ2Q1 1830
      763 words
    • Article
      Lock icon Beijing warning on ties with Taiwan
      257 4 AP CHINA has firmly told diplomatic missions in Beijing not to establish official or quasi-official trade or other offices in Taiwan. It is also against the setting up of such Taiwan offices in their countries. A Foreign Ministry letter dated March 15 was delivered
      AP  -  257 words
    • Article
      Lock icon Growth of Soviet bloc economy slows down
      586 5 Reuter ECONOMIC growth is slowing in the Soviet bloc and exports have dropped while the region's debts to the West keep mounting, United Nations economists said. The economic output of smaller East European countries declined by one per cent last year after growth
      Reuter  -  586 words
    • Article
      Lock icon Scepticism over Soviet decision on missiles
      453 5 Reuter WESTERN governments are sceptical about the military significance of the Russian decision to stop deploying SS-20 missiles west of the Ural Mountains. White House counsellor Edwin Meese said on Tuesday the decision was intended to maintain an existing numerical superiority of the Soviet
      Reuter  -  453 words
    • Article
      Lock icon EEC to rely less on foreign oil
      395 5 Reuter EUROPEAN Eeeaemle Cfiinnrity (EEC) eaergy ■lilitari yeaterday 4th eknd that i earreat «II gtat vnM aet lead te say relaxattea af Ike Mouaudty'i torto to redaee Mi iiffi eaee ea Imparted ail. They else agreed mm area to eaaare that the ■Idw
      Reuter  -  395 words
    • Article
      Lock icon Oil equipment makers look to the Chinese market
      514 5 AP MORE than 300 companies from nln» nations put their oil equipment and technology on display yesterday in Beijing, looking for big sales as China prepares to open major offshore exploration. "The market place for goods here would equal that of many
      AP  -  514 words
    • Article
      Lock icon Seoul to open rice deals to international bidding
      218 5 Reuter SOUTH KOREA will open all future rice contracts to international bidding to prevent foreign exporters from grabbing monopolies, government officials said yesterday. The Korean stand was revealed at a press conference held by Vice-Economic Planning Minister Chung InYong, Vice-Agriculture-Fish-ery Minister Kang
      Reuter  -  218 words
    • Article
      Lock icon Danger of impasse in Congress over fiscal policies
      506 5 NYT A WALL Street economist said Congress must act promptly to reduce future budget deficits and warned that a *****-type depression cannot be ruled out if Con. gress remained divided mucb longer over fiscal policy. Henry K»nfm»n fc, testimony before a House
      NYT  -  506 words
    • Article
      US industrial output up
      258 5 INDUSTRIAL production in the US climbed 1.6 per cent in February after six consecutive months of progressively bigger declines. The Federal Reserve Board reported on Tuesday that although the rebound largely reflected the easing of unusually severe winter weather that depressed January output, economists tended to
      258 words
    • Article
      Lock icon Dutch keen to see early adoption of new tin accord
      256 5 Reuter THE Netherlands has criticised the US and the other countries which have not signed the new international tin agreement, but expressed reservations on a Malaysian proposal for a tin producers' agreement. Dutch Prime Minister Andries van Agt, who is
      Reuter  -  256 words
    • Article
      Feasibility study on Kelantan port
      229 5 MALAYSIA has asked the Netherlands to consider doing a feasibility study on building a port at Kemasin in Kelantan for the hjinHHng of fish cement clinker, pulp and paper. It is believed the request was made to the visiting Dutch delegation, led by Prime Minister
      229 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      263 4 The Laseds Promise. Regent Motors makes owning the star car of the 80's a real pleasure. utntm ikOtkiUmJtL* mm r th v r i /I* v -v -rT ycy v t v:> W. !*> 9"'* *s-s«>- Laser h5 Sport Regent Motors is a brand new team, totally dedicated to making
      263 words
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      66 5 THE SANWA BANK, LIMITED SINGAPORE BRANCH U5520,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit due 21st March, 1984 In accordance with the provisions of the Certificates, notice is hereby given that for the Interest Period from 18th March 1982 to 20th September 1982 the Certificates will carry a rate
      66 words
    • Advertisement
      Page 5 Advertisements Column 2
      0 5 '@!!~)^[,.".};`"\%.>{||==*<?`~>
      0 words
    • Advertisement
      Page 5 Advertisements Column 3
      148 5 When not but the best will Cold hi II Square Of f iceloivoSi r igapc nrs most d ist i ngi i isl led office add rvss Because your time is precious only Goldhill Square Office Tower will do. Conveniently located outside the CBD away from central traffic congestion and
      148 words
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  • Article
    SES: a ruling under review
    391 6 THE imposition of the immediate delivery ruling at the Stock Exchange of Singapore late last year was primarily to curb rampant shortselling, check excessive speculation, and, consequently, the downtrend. But more than that, it was probably also a measure instituted to ensure a greater adherence
    391 words
  • Article
    USSR: low marks for Karl Marx
    262 6 THE GLOBAL contest between totalitarian, collectivist societies and those which place their faith in individual freedom and initiative 1 is being fought on several fronts. Sometimes, it does not seem clear which side is ahead. A recent report by United Nations economists that growth
    262 words
  • Article, Illustration
    Lock icon Chun wielding his broom
    1171 6 When Chun Doo-Hwan became president of South Korea a year ago, he seemed at first sight to be a carbon copy of his assassinated Park Chung-hee. Since then, the new man i# has shown that he has ideas I of his own especially S/ on economic
    FT  -  1,171 words
  • Article
    The declining yen
    755 6 IN THE FIRST three months of 1981, Japan's current account deficit with the outside world was running at an annual, seasonally adjusted rate of US$2.l billion and the yen was worth 206 to the US dollar. Six months later, in the third quarter of the same year,
    755 words
  • Article
    All cheques acceptable
    209 6  -  Letter to the Editor HENG CHIANG MENG Chairman Singapore Clearing Hmut Association Dear Bb, I refer to Practical's letter that appeared in your Letters page on March 10,1982. Neither The Monetary Authority of Singapore nor the Singapore Gearing House Association has issued any instructions that cheques cannot
    209 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      659 6 -11-OIE CROSSWORD CBTPTIC PUZZLE ACROSS 1 It's fried, bat cold (5) 6 Soothes with a number of charitable offerings (5) 9 Dog with a sharp noae? (7) A Figure a deserter to have this unit (5) 1 Checks a siren, possibly 2 A letter making three points (5) 3 Bertie
      659 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      5 6 %9-i fcLOTrefc ffe>4C»L Neu) NIB
      5 words
    • Miscellaneous
      Page 6 Miscellaneous Column 3
      733 6 T,V KIRWDIO ALL GOD'S CHILDREN ITS Matter week af tar aa let him eajay Umaeif at all. at 11.11 pm feataree «An» the Uwe Bmt (Ch I, IM) Par amale hafla, the da- aatee" by Oeargea Met. aa Dae earns with a ttaa preeeata fartf Marie lie tragic aftermath af
      733 words
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  • Article, Illustration
    Lock icon US response to profit-sharing
    1718 7  -  Today 17 million American workers, or one-fifth of the workforce, participate in one form or another of profit-sharing scheme. This is similar to the level of trade union membership in the US. In addition, there are now over 4,000 employee stocks ownership plans (Esops) in America,
    FT  -  1,718 words
  • Article
    Lock icon Assessing impact of Rule 415
    1223 7  -  By THOMAS FRIEDMAN NYT THE US Securities and Exchange Commission (SEC) simply calls it Rule 415, a blandly written change in the federal regulations governing underwriting procedures. Investment bankers call it dynamite. The new underwriting rule will dramatically simplify and speed up the bureaucratic registration
    NYT  -  1,223 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      48 7 Dining at Raffles Enjoyable, unobtrusive, romantic For business or for pleasure PALM COURT Dine by candlelight in a charming garden setting ELIZABETHAN GRILL Fresh SEAFOOD specialities Succulent ROASTS from the SILVERWAGON Luncheon buffet on: SUNDAYS: TIFFIN CURRY THURSDAYS: RIJSTTAFEL Let's meet at Raffles! Please call us. Tel: *****41.
      48 words
    • Advertisement
      Page 7 Advertisements Column 2
      194 7 2b L V T W:i J| %tm mw* |jra P S" i #p&s i N *1 830 a.m. Now you can fly Thai to Bangkok on any of our three super flights. One leaves at 8.30 a.m., the first daily flight to Thailand. You'll reach Bangkok after a magnificent breakfast,
      194 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        212 8 MAR M m CORBEILLE Air-Liquid* 463 13 BIN OM1U IklMM car (tiiwiiiCte kmacmtm 4n PUfp'f im 1M -3 IM t»»i^h FlWltf Otnmlt j~mm iiH fimrlM M uvuii roocier Da mac* SB •4 Hacbatu (Ubrairte) «B +6 Machlnaa Bull AM >UB Fwitu DMhlfua riatau »1.« >13 rtCiuMJ LlfZOC Ktthlmmnn ai.it
        212 words
      • Article
        Brussels
        72 8 MAR M Fn FORWARD MARKET Arbad I4H AJUIT on 10 JO 1 12 MO lot UDB in D» B«»n m IM tout 4 -SO Ob-lnno-Bm 22* -M On Hobo* 17* 1 ♦10 TO -T» J# -a -4* Patto Ryl Dutch \T Stdro Boc Oan Bale UK l» IM n
        72 words
      • Article
        Frankfurt
        141 8 Aae-TatefonkMi 44.M amo mat ♦«w -4.1 P'ir*ri Ci-T~] 10 -J 131 JO 1 Baj H T Wbank Bay vnank MtM *UI ■ST BMW aua 2100 -BT 1 OUMlU ZX 00 -1 CtMm Verw MM -a QffHI fi OonU Oumml Dalmlar-Baas 141 TO U.M BB ♦BT 1-1 -U IB MUi
        141 words
      • Article
        Zurich
        67 8 MAR M rnkoc* Acttooa illf II at Hi m» »is uact Uli Hi I lUVCt 11H Hi Hi ♦i H ra «o 1H oacl i i »JC 11H Hi SMi ins una Hi MH 15* M m -H (tact H 14 -i li ♦a ♦ii unci -a M H
        67 words
      • Article
        Amsterdam
        114 8 ABM Ahold Ate AMTO Anfu Amrotek Bjrp. BonunUJ Burtunaon ma 4-1 WJO tu ■JO *OJt ■MO unch Tl.TO +U 10 +14 38 40 0J P»1TM1 BUB ->-»« Cfclva Dai ft M M»| ■nnia WJO 1 111 JO uoeh FotUr mm Clunnu Otsthroc 3000 0L» •M0 -U Ootaln U2S2" 9.10
        114 words
      • Article
        Milan
        78 8 ma* M Lira ♦A ST 00 SL. Ml tOO Oaotral» Ortf mm -M Oood Acqot Roma MJO 4i bMMte mm -1*1 nu ord un -u JjW" KM -MM <*■ B» FW» mu IniHt m 90 itiif ma ora rmm mo BUM» 1MB -7 I apallt Ora mm -M Miiflntniin
        78 words
      • Article
        TORONTO
        110 8 MAR M C| AMUbi 11 *> uncft Aim T uacb I -H H r r H -M M -It *1 ft 3 Coo* BUA «6 14 H H Coos Huttnor Dntn DM BIOCW JW» IS* -H DM TV U H |;i 13* -to IK 17* I* sua MB -M
        110 words
      • Article
        JOHANNESBURG
        242 8 MAR It Rand INDUSTRIALS A Alpha Atmon AS And CI m Me TIB -M Amr Barlow* a.-~ Cam# rmtnw D» Imi lad Mem w IIH mm at HJ» -4 ♦M -M M|MI IWMdl rn voil «M as Oifdtut Qgnanl Hlpon WK uncft ZZZ Mi -19 Hatetta Liberty no •M
        242 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      206 8 fig fill"!** «inrl i I'"*■ Don t leave home without it. To apply for nilltaillk dllll ClllCriaill I the American Express Cora Ca11:*****33 ,-J1 Ideal jbr picnics cflkxtinches A packed meal fir §SoS®rttfte IMptpnSnactiShop All served with, pickle and plain rice Delicious Nonya Packs available 7 days a week from
      206 words
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      Page 8 Advertisements Column 2
      75 8 For lunch. For dinner For a richly rewarding experience or reservations call 7.^7 >f>77 J kb •'•lltllTl I'jllk SIm'I'IIIIIII Sill^lllNllT V \M\ NUTMEGS offers 10.30 a.m. -3 p.m. $21 per person Please caN *****86 «xt 663 tor reservations HYATT R£G€NCYOSiNGAPo&f nr^rnrz /r K w m ft m inr c c
      75 words
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      Page 8 Advertisements Column 3
      185 8 /%|+;(%>?*]|=|+]{=$(.:-,&%!-);= FIVI H l S I V l K N I Before vou fly auav to foreign lands, theck-in your Hags then seek our the Five Continents Restaurant. Relax in intimate surroundings and wine and dine on the most supx-rh international cuisine you've ever tasted. Lunch 12 mx>n pm Dinner
      185 words
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      Page 8 Advertisements Column 4
      150 8 llfTi kv sTfTrPT 4 o o If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for an evening to
      150 words
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      Page 8 Advertisements Column 5
      207 8 Mr Crab, Mr Lobster A Miss Fish hm movad to our now and convaniant location at Lowar Ground Floor (Panang Road) with aMact from Ist March IM2. A tasty naw manu; and comfonabia naw surroundings and of coursa. tha usual pampartng aarvica, awaits you. Siamese Seafood Restaurant Oxlsy Risa/Panang Road.
      207 words
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  • Article
    Wall Street ends mixed in moderate trading
    1051 9 NEW YORK STOCKS STOCKS IN New York on Tuesday closed mixed in moderate trading. The Dow Jones industrial average was off 2.66 points to 798.33. The average price per share fell two US cents but advances led declines by 763 to 640. The
    1,051 words
  • RAW MATERIALS
    • Article
      LONDON MARKETS
      572 9 COFFEE: Robusta futures yesterday were easier midday in active trading £32 to £2 per tonne down on Tuesday's close in traded positions. Some initial aggressive liquidation in line with Tuesday's limit down New York close was the main feature initially dealers said, but there was subsequent trade buying
      572 words
    • Article
      PALM OIL
      131 9 THE Kuala Lumpur crude palm oil market yesterday closed mixed on continued lack of buying interest, dealers said. In March, south and central rose Mil and |2.50 to $935 and 1922.50 a tonne respectively. In April south fell |2.50 to $925 and central fell $1.50 to $922.50. South
      131 words
    • Article
      Produce exchange
      178 9 CHINESE Pwfcw Exchange, Slagapare, mm daring prices per 1M kg yesterday. Caeaast all: Bulk fob $96.00 sellers, old drum (in second hand drum) fob $108.00 sellers, new drum fob $112.00 sellers. Capra: Mixed (loose) $45.00 buyers. Pepper: Muntok white pepper fob Asta NLW $375.00 sellers, Sarawak white pepper
      178 words
    • Article
      TEXTILES
      143 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yarn: China Blue Phoenix 20a 2,420 32s 3,130, 40a 3,200 (per bale of 400 lba). Paktotaa raw eattaa: LSS 5.83, 4F 5.76; 289F 5.85; NT roller ginned 5.84 (per lb). CLOTH in
      143 words
    • Article
      RICE
      311 9 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.02, 100 per cent third elaas 1.00, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.70, Special
      311 words
    • Article
      Straits Tin
      67 9 THE STRAITS tin price In Peaaag yesterday rese marginally to MUIJB a kilo frem Tuesday's 3tJ7, heldlag within the ITA tower •eetor price range M $».15 aad $SLH. The haffer stock maaager csatrihated to the «toady tone, aided hy light latorest tram sther q Barters. Tatal taraever feU
      67 words
    • Article
      CLOSING PRICES
      32 9 Rubber: Mar 17 Singapore: April. 182.00 cents (unchanged) Malaysia: April: 203.75 cents (down 0.25 cent) Tin: M 530.38 per kilo (up one cent) Official offering: 267 tonnes (down 63 tonnes)
      32 words
    • Article
      SOYBEAN
      81 9 SOYBEAN futures in Chicago on Tuesday broke late in sympathy with a further retreat in gold prices, in what traders called a technical re tra cement of Monday's key reversal on the up-side. Prices settled with 94 to 3 V« cent a bushel losses. Soybean product futures followed the
      81 words
    • Article
      WHEAT
      88 9 WHEAT futures in Chicago on Tuesday closed mixed, up 2Vi US cents a bushel in spot March to off as much as 14 cents in new crop. Corn futures closed unchanged in spot March to off as much as 24 cents a bushel in other positions. The market again
      88 words
    • Article
      RUBBER
      231 9 RUBBER prices In Singapore yesterday closed quietly steady with April One RSS buyers quoted at 182.00 cents per kilo, unchanged from Tuesday's close. Morning prices were quietly steady after fluctuating on some trade demand and profit-talcing in early dealings. The afternoon session was quiet and featureless. In Kaata Lampar,
      231 words
    • Article
      RAS PRICES
      295 9 RAS price* In cenu per kUo yesterday: (per kilo) (per kilo) Int. 1 R.S.S. prompt f.o.b. 181.50 bit 1 R.S-S Apni 1*2-50 tat. 1 RS.S May IK. 00 tat. 2 R S.S MOJO UK Coat ***** tat. I R-S.S ***** UK/Coat KL50 tat.« RS.S 152.SB UK/Coat. ***** tat
      295 words
    • Article
      SSR and SMR
      97 9 NOON 881 R mi SMR pritm yw* EAR AM iCvml Mtk) Bum (Farwa*ij W«u imux) ■tk> Han ssr ao (l-toapalht) 186.00 1(7 OON 1MOON SSRSO —a (1-tca pallK) 1CL00 April 184.00N II MUD lttOON SMRCV ll-laa pdMl 196.00 197 JON 117 00 1M00N SMR L (1-Ma paiiM)
      97 words
  • ASIAN STOCKS
    • Article
      Prices close steadier
      201 9 HONGKONG STOCKS IN Hongkong yesterday closed up marginally after easing initially with trading quiet for most of the day. The easier note from Wall Street along with signals for higher US interest rates triggered some selling after the opening, but prices started to recover when offers dried
      201 words
    • Article
      Sydney stocks finish steady
      283 9 THE Sydney share market was steady in quiet trading yesterday, indicating that Tuesday's late wave of institutional buying was only a short-lived technical rally, dealers said. At the close the All-Ordinaries index was up 0.6 to 465.4. The industrial index rose 1.9 to 617.2 while the
      283 words
    • Article
      Tokyo shares stage recovery
      391 9 THE Tokyo stock market yesterday staged a sharp recovery ki afternoon trading with the market average regaining 165.27 from the morning close of 6,724.26 when it was 192.73 down on Tuesday's close, dealers said. By the close, the average stood at 6,889.53, down 27.46 from the
      391 words
    • Article
      MANILA
      115 9 THE Manila stock market yesterday continued to decline as the commercial and industrial sector, miners and oils closed easier. Turnover was up to two million pesos from Tuesday's 965,000 pesos MAR 17 Fno• Acoje Mining an unch AUu Coo. A A Urns Con. B 15JO -0J Btfuk) Oold .0012
      115 words
    • Article
      BANGKOK
      109 9 MOST Bangkok prices closed yester day either lower or unchanged in slow trading, dealers said. The Book Club index fell 0.36 points to 92.20 on a turnover of 4.6 million baht. MAR 1? BAJiu A*» Fibre A ruth* j* In* And Trust as -11 «Ok Bank »0 unch Of
      109 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      31 9 ir ,SWui Ggsagf restaurant Try our sumptuous delicacies from the Hunan Province. Renovated additional new car park now ready for use Orccmlnn 214 Dunearn Road Singapore 1129 Tel: *****49, *****22 [t=^l
      31 words
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      Page 9 Advertisements Column 2
      37 9 'V w -S ma ~^o f f Ci'iebrutinq a Bountiful Harvest 49 Sz Ml the timcles> rituals of the tabic, updated imjlit(i|. 0 BMOR^SSBM hift-Mi.i' iti! Asi.i/P i if« Ilie Hvncphicc special to take someone <yeeial. m
      37 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1294 10 BID and offer prices officially Hated aad r u in «■<< reported to the Stock Exchange of Singapore yesterday with the number of shares traded •hown, ta> brackets In lots of 1,000 unit*, unless otherwise q»cttled. SECTION ONE INDUSTRIAL COMMERCIAL Aesss (14SB)
    1,294 words
  • Article
    Unit trusts
    202 10 ■MuronumriBi m U) 2.93 DIAMOND MG" raroM B (ItefM' frtM tar Man The Commerce 17* (Hmiin'frtwil Diamond tar Man *11) The Saving* Fund 158 1M S'pore Fd (USD 1.74 0 71 S'pore Prof Fund 1® 1* SI l.« S pore Sec Fttnd 1.® LIT (Fet>)(today) S'pore Invest Puad
    202 words
  • Article
    SHARE INFORMATION SERVICE
    2804 10 1861/1862 High Low i Ceaipaay Last Sale +orOr"s Dir DW CTT Gr*s Y*M Net P/B Vol COOO) 1 Day Hlgk Lew SBCTION ON* INDUSTRIAL COMMERCIAL 4M 115 aao sis 420 soo 470 832* 875 430 247 118 130 ISO 306 79 360 196 322 231 Aetna Alcorn
    2,804 words
  • Article
    In Kuala Lumpur
    1474 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. DfDUBRIAIB AJBaMMta (IMS) AtoM (ITIB 1.225) (4) 1.21 Alax BaM (L 506)
    1,474 words
  • LATEST RESULTS
    • Article
      ISLAND and Peninsular Development Bhd
      50 10 made group pre-tax profit of M 532.06 million ($26.63 million) for the year ended January 1982. The directors have declared a second interim dividend of 13 per cent less tax, giving a total of 25 per cent for the year (19.2 per cent, adjusted). O
      50 words
    • Article
      TALAM Mines
      39 10 made pre-tax profits of M 5512,358 ($824,314) for the year ended January 1982. The directors have declared a second interim dividend of five per cent less tax, giving a total of 15 per cent (15 per cent).
      39 words
    • Article
      AUSTRAL Enterprises Bhd
      35 10 made pre-tax profits of MJ4.72 million ($6.28 million). The directors have declared a second interim dividend of 12 per cent less tax, giving a total of 22 per cent (16 per cent).
      35 words
  • Article
    COMPANY MEETINGS
    118 10 SENT08A Ptywaed Berkad: EGM to be held at 4tta Mile, Jalan Mersing, Kulang, Hohorem Malaysia, on March 21 at 12.30 pm. 11« THE Baklt Katfl Rabber Estates Berbad: EGM to be held at No 22 (Upper floor of No 20), Jalan Gelanggang, Malacca on March 22 at 10
    118 words
  • Article
    Monotonous session at exchange
    638 10 THE iip|i» sleek imp ket tmoi very qbM jmßp day tturt the ibilibj «u allgktty krahea ta the After—— wkea tradlag picked ap a little. The teae af the saarkat fcwwwr waa As eae ramWer aald, she aai her eaUeagaee aearty weat ta deep la the
    638 words
  • Article
    Prices decline slightly in KL
    544 10 POOR sentiment returned to check effectively the upward push on Tuesday, taking prices marginally lower on the Kuala Lumpur stock market yesterday. Trading again lapsed into the routine phase characterised by narrow price movements and low volume. Total turnover on the day was only 2.363
    544 words
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  • COMPANY NEWS
    • Article
      Ayer Hitam and Aokam profits up
      516 11 TWO tin companies within the MMC stable have improved their interim earnings after setbacks in the previous year. The two, Ayer Hitam Tin Dredging Malaysia and Aokam Tin Bhd, have reported profit improvements of 12 and 29.5 per cent respectively for the six months
      516 words
    • Article
      Lock icon Tin output of MMC group falls
      311 11 FT THE TIN producers In the Malaysia Mining Corporation group reported generally lower output of tin concentrates for the month of February. The biggest producer in the group, Malaysia Mining Corporation itself produced 687 tonnes against 691 tonnes in January. This brings the cumulative
      FT  -  311 words
    • Article
      Disclosure of segment data is useful
      290 11 THE Mgmeat lafarmattoa dadmn (le pr«flt Mi Ism MM—>l of CMBpMiM »1 this a grwip) Is relevMt Md Metal to Men ef aaaaal reports. The eaaelaatoa wu reached In a reeeat stady by the head d the Departmeat d Aeeaaatoaey ef the Nattoaal Ualveratty
      290 words
    • Article
      Investors advised to adopt a more cautious stance
      962 11 Market Talk... THOUGH long-term Investors are generally best advised to buy in the current declining market, Laurence, Prvst A Co feels that it would perhaps be wiser at present to wait. In its weekly investment bulletin, the UK-based stock broking firm says
      962 words
  • Article
    LONDON STOCKS
    828 11 LONDON, Tues. Leading shares were mixed in dull trading but interest was maintained by company results and special situations. The Financial Times Index closed 3.4 points lower at 562.4. Hawker Siddeiey was down 14p at 306 on reports oi a broker's adverse comment oo its Canadian operations. Midland
    828 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      236 11 n Rrriiitect's visual Client's dream... Contractor's pride !i i r i/. l !!ll Hl| I! nn v >J II ft •l II II I II Hi in V 09^ o Qc& n n AIICHITICn M*G(MS AOAMS ft I H J ■Si s I Si I put together to uiorh bu
      236 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      132 12 Rites Indices 710 SIS +20 15 Mar 16 Mar 17 M BuUu 570 1S BT Indicator: *****5 *****0 Kali* Mala 21S 12 Industrials: 696.31 696.62 0 C B C 1000 10 Finance 1592.82 1590.43 H L—at 1m 710 10 Hotels: 1076.09 1075.58 St StoMikti Utd Pluutiou S60 960 10
      132 words
    • Article, Illustration
      KUALA LUMPUR
      147 12 Rises Indices Rosy 286 +34 Mar 16 Mar 17 E and AI 360 10 BT Index: *****7 *****8 838.66 G Kent (M) 570 +10 Industrials: 841.37 Utd Pit 580 +10 Finance: 1426.49 1427.80 Kuliro 230 +9 Hotels: 606.82 606.82 B Kawan 336 +8 Properties: 777.82 778.17 Incbcape 206
      147 words
    • Article
      Selected indices
      51 12 FINANCIAL TIMK8 INDUSTRIALS Tuesday 582.4 Monday 586.8 Week Ago 560-8 Wednesday 1191.78 Tuesday 1185.13 Week Ago 1152.96 AUSTRALIAN INDUSTRIALS DOW JONES AVERAGE INDUSTRIALS Tuesday 7M33 Monday aoo.98 Week Ago 8Q3JM Wednesday 817.4 Tuesday 815 J Week Ago 811.7 ALL ORDINARIES Wednesday 486.0 HJLHANG SENG Tuesday 484.8 Week Ago
      51 words
  • Article
    Genting forms five new units
    115 12 GENTING Bhd incorporated five wholly-owned subsidiaries in Singapore, Malaysia and Hongkong. It has incorporated Genting Property Management Sdn Bhd in Malaysia, with an issued capital of M 13.00, and Gen ting (Singapore) Pte Ltd, with an issued capital of 552.00. In Hongkong, Genting has incorporated
    115 words
  • Article
    Falling be-Hind expectation
    94 12 HIND Hotels International made a disappointing debut at the Singapore stock market yesterday. It closed below its offer price of $1.45 at $1.40 on a turnover of 184,000 units. Traded under the second hotels section, Hind first struck business at $1.60 on a solitary deal. Subsequent transactions
    94 words
  • Article
    SES queries Hwa Hong
    62 12 THE Stock Exchange of Singapore, apparently concerned over the long suspension of trading in the Shares of Hwa Hong Manufacturing, yesterday asked for an explanation. The company is to furnidi the exchange with an announcement setting out the current position. Hwa Hong, whose shares have been
    62 words
  • Article
    Grievances over Leong Huat issue
    449 12  -  mi mm Companies Editor: Mano Sabnani By CHOO AI LENG MINORITY shareholders of Leong Huat Industries have once again voiced their unhappiness over the Securities Industry Council's handling of the Leong Huat-Ho Kok Cheong case. This time, they are upset over the fact that a
    449 words
  • Article
    COMPANY BRIEFS
    372 12 FUJREC Os Ltd has informed the Stock Exchange of Singapore that the dividend declared in its letter of March 10 is for the 35th business period (Oct *****-Sep 30 1962). SETYU Stores Lid's US$18 million guaranteed bonds due 1987 and warrants to subscribe for the common stock of
    372 words
  • Article
    Too early for forecast, says Steamers
    125 12 STRAITS Steamship has informed the Stock Exchange of Singapore that it is still too early to forecast accurately the group earnings for the year ending Dec 31. But the directors expect that in the absence of unforeseen adverse circumstances, group earnings reported in the
    125 words
  • Article
    Far East Levingston to build new yard
    413 12  -  B» MAUDRENE NITHIANANDUM FAR East Levingston Shipbuilding plans to build a new yard which will be the biggest single rebuilding facility in Singapore. The company is currently negotiating with the Jurong Town Corporation for a 20-hectare site in Tuas for the proposed yard.
    413 words
  • Article
    FELS wins bonuses for early rig delivery
    91 12 FAB Em* LiiUmHh fMrtrtli| ma toek to 19H as a year Mlie, toe «—ip—y drilling rip to reeerd toas. <•» The first bene mi »«uM tor Weston Oecuto toe UBA tor toe MNrr tf toe rig Wmkn AmO* J7 days ahead *f whedsfa.
    91 words
  • Article
    Lock icon Carrian takes to the skies
    212 12 AFP THE POWERFUL Carrian group of Hongkong that haa sprawling interests in real estate, shipping and travel, taxis and food chains, is now spreading its wings into the airline business. With HK$2OO million committed for the aviation startup, the group is to acquire two Boeing
    AFP  -  212 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      99 12 Richard Ellis World Wide fiORSALE Industrial Complex at the comer of Jalan Ahmad Ibrahim and Pioneer Road with:1. Main Factory 116,648 sq.ft. 2. Warehouse 33,605 sq.ft. 3. Irlditetrial Building 23,519 sq.ft. 4. Canpeft/Stores 5,899 sq.ft. 5. Showroom/Workshop 2,099 sq.ft. 6. Offitee Block 3,294 sq.ft. 185,064 sq.ft. Contact: Molly Poh TEL:
      99 words
    • Advertisement
      Page 12 Advertisements Column 2
      2 12 Leader...page C
      2 words
    • Advertisement
      Page 12 Advertisements Column 3
      178 12 Hoechst researchso that they may; have a future worth living for. Day after day, Hoechst researcher® lA&xk tirelessly towards developing new drugs, new methods of diagnosing disease and new ways of healing. For the sake of all our children. V In Singapore, we are also marketings highly effective new third
      178 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 WEATHER^ OUTLOOK for Singapore today: Showers in a few areas in the afternoon. Remit far 24 Inn prier to 1M pan March 17 at toe airpert: Maximum temperature 30.9 Associated humidity 67 Minimum temperature 22.9 Associated humidity 96 Hours of sunshine 3.85 Rainfall in millimetres 61.7 Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • Article
      Straits Steamship to operate new cruise service
      253 13 THE STRAITS Steamship Company of Singapore begin operating a modern 330-passenger cruise vessel in the South-east Asia, Australia and South Pacific region by the end of this year. The company has just secured a long-term charter for the luxury vessel which is currently
      253 words
    • Article
      Shipowners' duty to maintain high standards
      713 13  -  By JUNE LIM SHIPOWNERS and not the flag of registry determine how well a ship is manned, maintained and equipped. A reliable owner will meet the international structural, safety and pollution standards set by the Inter-goveramental Maritime Consultative Organisation (Imco) and other national classification
      713 words
    • PORTSIDES
      • Article
        Lock icon Seoul restricts imports
        106 13 Reuter SOUTH Korea plans to restrict import of marine engines for ships from July 1 by controlling banking facilities to support the local industry, industrial sources said. The Export-Import Bank of Korea, which helps finance ship exports through credits for deferred payment sales, will not provide loans
        Reuter  -  106 words
      • Article
        ACL tenders closed
        119 13 INTERNATIONAL tenders for five 2,300-TEU roro/container ships sought by Atlantic Container Line (ACL) have closed and reports indicate that South Korean and European yards are strongly in the running rather than the major builders in Japan. The edge these yards have over the Japanese is believed to
        119 words
    • Article
      INDEX TO ADVERTISERS
      714 13 SMppiag Liae Ptgc C«l Aohipetefo Shpg vm 1 Ale* vm 1 Alfred CT VI i All trans VH Alpac VI 5 Angonave DC 5 ANL I 1 APCLine IX 3 APL m 4/5 Argentine IV 4 ASCL m 1 Asia Merchant VI 4 Austaxu Line V I
      714 words
    • Article
      PORT CONDITIONS
      1045 14 ALGESIA Algiers Feb 15, 6-7 days depays for general, at least 30 days for grain. ANGOLA Luanda Feb 24. 18 vessels at anchor. Delays of about 45 days. LoMto Feb 19, 1 day delay. ARGENTINA Buenos Aires March 3. Facing delays and congestions. Necocbea March L 1 grain
      1,045 words
    • Article
      LONDON FREIGHTS
      1561 14 MODERATELY active time charter business featured an otherwise dull freight market on Tuesday with grain chartering becoming extremely subdued. Chinese operators secured a 15,000 tonner from Australia to China at U554,750 daily, while a 46,000 tonner was booked with Japan delivery for a US north Pacific round voyage
      1,561 words
    • Article, Illustration
      Lock icon EAC reports heavy losses for last year
      630 14 Lloyd's List A SHARP change in fortune brought East Asiatic Co its first post-war deficit last year when the major Danish shipping, trading and industrial group reported a loss of Danish Kroner 282.4 million against a 1980 profit of Kr 255 million. In
      Lloyd's List  -  630 words
    • Article
      ITF still open to claims suit
      377 15 THE INTERNATIONAL Transport Workers Federation has failed to rid itself of a pending damages claim for £19,010 being brought against it by a Maltese shipping company in the UK courts. In a judgement with wide implications for the federation and the flag-of-convenience shipowners against
      377 words
    • Article
      Lock icon Container shipping may face gloomy future
      225 15 AFP THE world container shipping industry faces a "gloomy" future due to increasing over-capacity through new deliveries, stockbrokers Philips and Drew said. These deliveries are being made more quickly than the build-up in world trade, they said. In addition, competition will become fiercer, particularly
      AFP  -  225 words
    • Article, Illustration
      Zim makes regular calls at Oakland
      461 15 ZIM CONTAINER Services is now making regular calls at the Port of Oakland, California, on its three-continent service. Its vessels lift cargo from the Mediterranean ports of Piraeus, Haifa, Naples, Leghorn, Genoa, Fob and Marseilles for discharge at Oakland. From Oakland, the last loading
      461 words
    • Article
      SHIPPING LIST where your ships are due...and when
      5002 20 SCHEDPLE A guide to ships loading at Singapore for ports around the world 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
      5,002 words
    • Article
      Container Schedules
      665 21 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Date/Time Operator Godowns for LCL Cargo FCL Movement Schedule Mode Chevalier Valbelle Korean Chance Unlcon Neptune Garnet Osaka Bay Panama Macol Ace Benvalla Green Forward Green Blessing A1 Wattyah Jenhol Maersk Mango Ming Young Anro
      665 words
    • Article
      WHO ACTS FOR WHOM...
      1684 21 The leading shipping lines operating from local ports and their agents. A B Arhipeiega Shpg Singapore Shpg Agencies (S) Euro-Asia Line (PN KL PK). Adriatic Caalalaer Continenul Feeders (S) Cargo Freight (PK) AFEA Singapore Shipping Agencies <S)/ Euro-Asia Line (PK PN) Afro-Earaaia Um Transgroup Pte Ltd
      1,684 words
    • Article
      Lock icon More ships lost in first quarter of last year
      273 22 AP WORLD merchant shipping lost in the first three months of 1961 totalled 94 ships representing 279,229 gross tonnes, compared with 89 ships totalling 335,000 gross tonnes lost in the last quarter of 1980, Lloyd's Register of Shipping reported. This is
      AP  -  273 words
    • Article, Illustration
      Lock icon US fuel saving ship to enter service
      779 22 Lloyd's List THE FORERUNNER of three advanced, fuel conserving container ships, the largest ever built in the United States, is scheduled to enter service in the middle of the year. The ship, propelled by the first modern low-speed diesel engine to be constructed
      Lloyd's List  -  779 words
    • Article, Illustration
      Frauds may hamper free international trade
      458 22 PRESENT-day maritime frauds have become near perfect crimes, director Eric Ellen of the International Chamber of Commerce's International Maritime Bureau (1MB) said. He told a one-day businessmen's seminar that serious questions had been raised related to present methods of financing trade, and the well
      458 words
    • Article
      Lock icon Port charges increase approved
      370 22 Business Day THE Philippine Ports Authority appears to have eliminated its problem of meeting the return on operating asset (ROA) requirement of its foreign creditors. It has obtained cabinet approval for its proposed 120 per cent increase in port charges to be made gradually until 1965
      Business Day  -  370 words
    • Article, Illustration
      SHIPS IN PORT
      552 22 ABMVAI2) KEPPEL WHARVES Atrevida (3000 after Stmt») 3132 Barber Tons berg (Ro/ro) (OWO after San Ming shifts must Starboard a/side) 46/47 Balder Antwerpen (after Barger Tons berg) 46 Centaur (Passenger) (after Pavlodar) 1/2 Cherry Singa (after Klrahalu Dua hauls) 25/36 Equator (0700) 22 Ho Lung (Ab) (after
      552 words
    • Article
      The Consortia
      204 22 THE MAJOR shipping consortia operating between the Far East/Europe, Par East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAB EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line.
      204 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      246 13 HEUNG-A SHIPPING KOREA FLA6 VSLS Regular Liner Semi-Container Service To: P.Kebn(/Kedunt/Busan/lnchon Fm: Busan/H.Kont/Bangkok Id S'pore: *****11 P.K. *****4, PN *****5 K.L. *****0 mm LONDON Freights H/HI PORT Conditions H/X SHIPPING Schedule vm/IX CONTAINER Schedules IX WHO Acts for Wheat IX SHIPS Pert X REGIONAL Weather X i \R I) I
      246 words
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      Page 13 Advertisements Column 2
      375 13 (ISEALORDH UASC UNITED ARAB SHIPPING CO SAG< EXPRESS MULTI-PURPOSE SERVICES U KITM Ml k Jubail (27/4). Dammam (1/5). Bahrain (4/5). Kuwait (7/5), Shuaiba (10/5). Abu Dhah (13/5). Dubai (16/5) Kuwait (14/5), Dammam (18/5), Abu Dhabi (21/5), Dubai (24/5) FULLY CONTAINERISED SERVICE E AL WATTY AH ¥19 Closing tunes: Fa 19/3
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      Page 13 Advertisements Column 3
      718 13 •be nan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents: MHHCinC TIMBI TIAMM MUCTPTL LIB. Tel: *****4 (5 lines) SINGAPORE gg MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, QULF, ATLANTIC, EAST CANADA, ABIAN PORTS Paruutg MAERSX MANGO mnrtr mango 20/21/3 27-21/3 3-4/4
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      935 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERN AD WISMA MISC, N0.2, JALAN CONLAY P.O. BOX 371, KUALA LUMPUR 04-09' MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Fw tmrnt 1) Gtouff 2) H'bgrf 3) B «cn 4) R dani 5) It H P. let** SaM) Sated SaM SkM SaM
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      Page 14 Advertisements Column 2
      217 14 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA L*«i> WI 4/4 I 2/4 1/4 lt/4 IJ/4 nmrr-ii 13 u »/3 21/4 V 4 J/J H/4 17/5 17/4 25/5 2/5 V 5 1/5 1/5 23/5 24/5 2/1 M 12/5 22/5 14/5 17/5 25/5 2/1 12/1 22/1 •31/3 11/3 12/4 12/4
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      Page 15 Advertisements Column 1
      721 15 JBTIV The Straits mmsm Steamship Group QCL Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CaiUMasMp Sanrica Ta/Fraw Batfcafc tn m ra*m tm a-a te a-a te BttßW Ilte4%r >|tO| bmw inn f-7% t-ia* Smart to Sahah. Sarawafc aid Bnni ao si* an j«i jt*a:J
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      Page 15 Advertisements Column 2
      290 15 rjr? Franco Belcjuin Services Bp Nt'li'i ;m»i A.jr i r o*'>o«* C.M.C.R. met romnamnii Sport P Un| Blona Genoa Tnote FULL COWTABCBW I amo YALJELU 19 Mar 20 Mar 5 Apr 7 Apr S Apr 13 Apr MONT MIC NMU QCVALfI KUB 27 Mar niter 14 Apr 1( Apr 17
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      Page 16 Advertisements Column 1
      541 16 Hapag-Ltoyd 10 CONIWNI UK Oaaka Bay Cardan Bay EXPORTS Aiso accepting transhipment car|o tor CAJWBEAN/WEST NXS «a Hamburg «"*»>l 2«/< AMar Express *7/5 18/ Connecting m Kaohsung Connecting m Tokyo "Also accepting cargo tor ATLANTIC GULF PORTS «a rmrwtandbndge, ond US MO-WEST by mrcrobndge" FROM COWIWiMI UK IMPORTS HTburj Bluver
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      Page 16 Advertisements Column 2
      438 16 KSum KOREA SHIPPING CORPORA TION ALTAR 173* ALTAR 174E VEGA 171* STOItf Sid Sid 3-5 Apr P. Ketone in Port In Port 6-8 Apr 6-8 Apr PENANG 20-22 Mar 20-22 Mar 9-11 Apr 9-11 Apr FROM Hi BANGKOK TO BUSAI FROM BU BANGKOK TOBUSM VEGA 172E 3-5 Apr KSC KSC
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      Page 16 Advertisements Column 3
      428 16 0 EVERGREEN LINE r FAR EAST/EUROPE CONTAINER SERVICE accepting fci t ta cargo for Emi U(M 24/3 3/4 (w Mctvy 2/4 Im Itrjt 11/4 22/4 Cm lm(* 26/4 HM*W| Ftfaitm IMtwtel tahrw* It Htm 14/4 li/4 11/4 26/4 21/4 M/ 4 2C/4 21/4 31/4 2/5 J/5 5/5 7/5 »/5 11/5
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      Page 16 Advertisements Column 4
      857 16 5 Bmhw Five St«fShippin|Corpiv 9 "BURMESE NATIONAL LINE" 9 1 LOADING FOR RANGOON 8 as- 1 1 Q 2™-"* 3S£ /?7,t0 11/2 V> 40 TCI KVV F 3. s f. 9 rl^, T Mok > vva BOUSTEAD shipping s M6sc,/ B Co n« tamo AffMrtMa 0* Xtiwon Irnrrcommofflai C iOA
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      Page 16 Advertisements Column 5
      377 16 onu rinu x iinM, 1 nUrSOay, 10, uw I^XO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD. SANKYO LINE JAPAN/STRAITS SERVICE OASB SAMT KMABALUHM BLANCtt SMKOU MAJtU ALIO* SMIT SOCT MUM HOCMUN TASHOMAM OCCAM RESOUR suhlh PAZ ESTKLLA \£l VORTEX BREEZE ocean smpppk t tiiiawuu m ltd 1U *****44/7 A *****71 EAST ASM
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      963 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH, JEODAH AQABA (Reefer Cntrs Acceptable) J. VESSEL KOTA SAHABAT KOTA SAHABAT KOTA SAHABAT KOTA SAHABAT 19W/20E 21W/22E 23W/24E 16-17/3 20-21/4 2S-2S/5 29-30/6 15-16/4 20-21/S 24-2S/6 29-30/7 EAST AFRICA/REDSEA SERVICE KOTA MAJU In Pt/20 Mar Mombaaa. Dwmmluhi, Jwkteh. V E-367 Hadafctah, Pi Sudan,
      963 words
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      Page 17 Advertisements Column 2
      787 17 BENLINE CONTAINERS I TO MOW Oiaia lay Carait by EXPRESS CONTAiO SERVICE TO/FROM EUROPE IfBURC B HAVEN ROAM HAVIK MAP|W Ganappf/ Austria Antwerp France 19/1 21/1 10/4 13/4 14/4 14/4 HAVK SO lOK France Mill MX K«c Eaprets >—i Eipreu TaMaExprats it/3 a/i 3/4 S/4 11/4 11/4 17/4 19/4 M/
      787 words
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      Page 17 Advertisements Column 3
      561 17 |y 4 1 m r v V i J m V K J; s 6 I M i it k 'Vi w XI V I .ll V Scan Dutch 9 WEEKLY EXPRESS CONTAINER D/UK/NC/SCAN SER V|CE U/3 SSTM SM ANSONBPibI I INU 22/3 a/3 BMWAUA »/3 WB0N»/3 9/4 G *Ct
      561 words
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      Page 17 Advertisements Column 4
      549 17 rmge v i i BOUSTEAD SHIPPING AGENCIES BANK LINE SERVICE TO UK FORTHBANK' CORABANK IVYBANK SPORE ROAM HULL HMBG 24 Mar 20 Apr 23 Ap* 28 Apr 23 Apr 19 Mar 22 May 27 May 28 May 23 Jun 26 Jun J u loads Ft Keiong 26/3) Linos U.S. GULF
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      1408 18 K Kline raw wssti MONTE EMERALD VIO KANSAI PIONEER V 6 MOTTO *SXI TOKYO V BRIOGE 14 Apr KISO MARU 16 Ac lAPAN AMBROSE 23 Apr NJ MARU 3 May /May 5 May 14 May 12 May 20 May 28 May 27 May 25 May st kmh feeder kssel 9
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      Page 18 Advertisements Column 2
      546 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE lu*l Mr 105 ANGELES SM FRANCISCO SUTTU. TACOMA VANCOUVER BC AccapM* fa/fa Cmlmm •~r .7? 1Z" Vff" AUSTRALIA EXPRESS CONTAINER SERVICE Accent fCt/fa CwtMwri PMar* S por« MM am $rt Attfl .cents lAIEW 75 M» 27 Mar IV 10 Apr It V frM/Brn
      546 words
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      Page 18 Advertisements Column 3
      582 18 KORINS MARITIME SERVICES K Room 601 ICB Building. Shenton Way Singapore Tel *****22 *****67 PKelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES S'porc SUN RIVER 31 Mar BUNGA VANDA 10 Apr LINNGSBON 12 to ASM HOPE 12 Apr BUNGA ARANOAIt Apr P. Ketone Loadhg Far Bandar Abbas/B.Khomori Dubai/Kuwait/Muscat Bandar Abbas/B. Khomcni
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      Page 18 Advertisements Column 4
      617 18 INTRASKA (PTE) LTDSingapore T»- i BREAKBULK SERVICE TO EUROPE/UK JMnpl Mm* ***** 5 Apr 1 Apr BC in* Lm*| *1 Mi Kmfcata i SaMarMa S'part P KMa>( lnfc| tar 5 Apr 1 Apr BOULOOE/RDAM/l* (AVON) FULL CONTAINER SERVICE TO EUROPE/UK Soif apart LoaAnf tar A. FBEUTY MB 123 30 Mar
      617 words
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      Page 19 Advertisements Column 1
      636 19 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE o' the Act Consort-un TO EUROPE/UK (VIA SUEZ): STRAITS/AUSTRALIA RO-RO CONTAINER SERVICE a -ifmsfr o' mt tnro Conso" TO AND FROM AUSTRALIA: Also accepting cargo to/from Bangkok and E. Malaysia A. TEMASEK S pore Closing Times. FCL Cargo 1900 19/3 La Cargo 0700 19/3 USA
      636 words
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      Page 19 Advertisements Column 2
      606 19 MALDIVE LINES ETA ETA ETA STORE KUANTAN PORT KELANG MALDIVE GRACE In Por Loading For Jeddah MALDIVE PLEDGE 23/3 Loading For Jeddah MALDIVE UHTrr 25/3 Loading For KARACHI MALDIVE KKffiOUR Sailed Loading For Jeddah MALDIVE MPORTER 30/3 Loading For Male MALDIVE NAVIGATOR 30/3 Loading For Karachi/Shaqah MALDIVE PIONEER 30/3 Loading
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      Page 19 Advertisements Column 3
      683 19 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SitSOV BUUMK 55, Mutet StrMt Singapore 0104 telephone Numbers *****3 (15 Lines) Cable Address SMSOV SINGAPORE Telex Number* RS ***** RS ***** RS ***** P KELANG PENANG /S M®. IST AND 2ND flow MESSRS HAI THONG SMtMC 23 Weld Qui, Pen** X IANG
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      Page 19 Advertisements Column 4
      78 19 •A, MOUNT FABER ROAD SINGAPORE 04M TEL: ******8/9 REGULAR FCL/ICL SERVICES TO AUSTRALIA, HONG KONG KSSEL ETA DESTBMTUN PEACE I 19.3.12 SYD, MLB, BBS. ADEL PEACE I 23.3.12 ADEL, SYD. MLB PEACE 25.3.12 SYD. MLB. MB. ADEL PEACE A 23.3.12 HONG KONG PEACE B 30.312 HONG KONG Tel: *****25 (S
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      Page 20 Advertisements Column 1
      831 20 tS S Cv (Iroup SINGAPORE SHIPPING CORPORATION PTE. LTD. J ,'oth floor ocean building Singapore 0104 MARKETING 9111,22 (3 GENERAL 91 3111 ,22 LINES* _ELEX RS 2459S RS A 8 CARSMIP CABLE CARGOSMIP mi I'vyioiial Container Lines 2 SAILINGS A WEEK to/from BANGKOK BERTHING NOON TUESDAY AND NOON SATURDAY Mailt
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      Page 21 Advertisements Column 1
      273 21 EGYPTIAN INTERNATIONAL LINE (EIL) EGYPTIAN FLAG /•in 4T.T7TT PORT SAJO ALEXAMDMA) STOK n *EZ PT MB MDMM 6-l»/*l» M* Im 1 km i 11 s *f W< l'\it I N shippinc ?U TO 1119 Wj»kl Ontif Mjntgnf SguJif S po" 0409 iii »s :ioi ifi fujn ?nMBi nsji? HS M
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      Page 21 Advertisements Column 2
      329 21 CARGO SPACE AVAILABLE ON UNER VESSELS LOAOMQ FOR KARACHI, CHTTOQ, CALCUTTA, COLOMBO. MADRAS, JAKARTA A FROM SAMARINDA, BAUKPAPAN TO HONOKOMO, TAIWAN, WHAMPAO ATgNSBI INDOGI'I.F FREIGHT SERVICES TEL *****00. *****01 TELEX RS ***** INDGUL TIGER EXPRESS LINE t»w to cmttmone i cuarni fend t. n* Jfm In** hi MmW Urn 1»7«
      329 words
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      Page 21 Advertisements Column 3
      75 21 P.T. INDONESIAN ORIENTAL LINESI JAKARTA VGUN DOCMMIU EXHKSS StWCf TO I FROM LIAN HUAT SHIPPING CO, (PTE.) LTD ■fBMnoMi run. in* aon an im/in rrm tw ku Tjwsn/nws* n* n» tan* rat imm 22/j h/3 phi+it. or i i»/j a/i l Ml btart 22/J Mmk! iMM 24/3 2S/1 ANGONAVE STATE
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      Page 22 Advertisements Column 1
      201 22 NOTICE ■ewnl aurvey will be Imm on Friday, l*h March, UB2 at Juroag Port Godoarn No.l tad 2 from 10.00 am to 100pm. No further anrvey wfll be held. MAGNA MARINE LINES WORLD LINE EXPRESS REGULAR SERVICES MPAN/HONGKONG/STRMTS VESSEL cattleta S'PORE Nm. 19/29 Mar 25/29 Apr. 1/2 at PPM G*.
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  • Page 22 Miscellaneous
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      157 22 7a I Va fi n S ■x M r:' SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather r/ Wind direction with speed in knots a Ruin V Cloudy Sky W.„ Wgb. Surface winds are Indicated by arrows which fly with the
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