The Business Times, 29 May 1984

Microfilm: NL14457
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C. (P) No. 66/1/84 TUESDAY, MAY 29,1*84 60 CENTS
    11 words
  • Article
    Top wage earners will be contributing $1,250
    407 1  -  Provident fund ceiling hits $5,000 in July By FOO CHOY PENG COME JULY, you will have to deposit a quarter of your salary with the Central Provident Fund every month. But every extra dollar that you deposit will be matched by your employer,
    407 words
  • Article, Illustration
    One-stop sports store
    442 1 THE ONE-STOP shopping concept of department stores has caught on with the sports equipment business. Royal Sporting House Pte Ltd is spending about $3 million to set up the largest and most fully equipped sports store in Singapore, offering customers "the A to Z in sports equipment,
    442 words
  • Article
    Core contractors group denies being on sour terms with HDB
    302 1 THE GROUP of core contractors that forms the backbone of the Housing Board's local construction force yesterday denied that it is on "sour terms" with HDB. In a statement, the contractors said the core contractors scheme is a new concept
    302 words
  • Article
    CPF rise may affect our market status
    204 1 SINGAPORE may price itself out of the highly-competitive international market if it cannot contain the high cost of operating businesses here, employers warned yesterday. Their warning came in the wake of a government announcment that the Central Provident Fund rate will be raised
    204 words
  • Article, Illustration
    STOCK MARKET
    79 1 THE INABILITY if the market to master emgk fallawtkmgh sappart to nutaia the itrnger «peaiag yesterday caased share prices to etoae braadly tower. The BT Campsite Isdex managed to past 1.74 paints to end at mjn while the Straits Times ladastriai Index chalked ap 5J7 paints to MC.I
    79 words
  • Article
    PSA experiences fall in net surplus for the first time since 1974
    371 1  -  By DANIEL SIM THE PORT of Singapore Authority experienced a drop in net surplus for the first time in nine years in 1963, in spite of an increase in port activity. This year, the PSA will spend $357
    371 words
  • Article
    WTC still top exhibition venue
    96 1 THE World Trade Centre, managed by the Port of Singapore Authority, remained the choice exhibition venue last year. Of 65 major exhibitions held in Singapore, 60 were at the WTC. This represented a significant increase over 1962, when 44 of the 48 exhibitions in Singapore
    96 words
  • Article
    Prime rate hits 20-month high of 10pc
    359 1  -  By ALVIN TAY THE AVERAGE lending rate quoted by 12 major banks in Singapore to their best borrowers hit a 20-month high of 10 per cent yesterday. The new level represents the first double-digit prime rate recorded since September 1982. Four major foreign
    359 words
  • Article
    BANKING AND FINANCE
    108 1 SUPPLEfIEHT I9BH THE BIG CRUNCH over Latin American lending has cast dark clouds over major banks in America ond Europe. Singapore's financial sector now lives under these clouds. An observer would now need rose-tinted spectacles to espy much comfort in the immediate future. But, there is a
    108 words
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      89 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Road Runner Nothing can take its toll on a runner like the road. That's why you should run in a shoe specifically designed to cushion the blows. Now you can hit your stride. Without getting hit back. In A See the Ibl rage at
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      266 1 (`/={..'=]!'-),]<')*$/>?&?(]._\ \mm SHARE INFORMATION 15 RAW MATERIALS 14 MONEY EXCHANGES 7 AN ESTIMATED $15 million is needed to give o new coot of life to those worn-out roods around the island. Six contracts worth $15 million were awarded to the Resources Development Corporation by the PWD in March. Pag* 2
      266 words
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      114 1 %+$"`)\}\*[="_/,+>%](!,{`":/'.: In business you sometimes have to be pushy. Successful businessmen today seem to do everything at the touch of a button. Now, with Tele Bank, you can check your Company's balance instantly and get an up-to-date statement simply by lifting a finger anytime, anywhere there's a pushbutton phone. All
      114 words
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      6 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM
      6 words
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  • HOME NEWS
    • Article
      Road repairs to cost $15m
      326 2  -  RDC wins six contracts with low-price bids By BOEY KIT YIN SINGAPORE roads are wearing faster these days as more cars, lorries, buses and motor-cycles roll on them. This year, an estimated $15 million is needed to give a new coat of life to those
      326 words
    • Article
      Military exercises in several areas
      183 2 THE SINGAPORE Armed Forces are conducting military exercises in the Lim Chu Kang, Hong Kah, Marsiling, Mandai, Tampines, Pulau Übin, Tuas, Bah Soon Pah, Punggol, Wing Loong, Loyang and Ulu Sembawang areas. The exercises, which started yesterday, will be carried out daily until June 3.
      183 words
    • Article, Illustration
      Macintosh computers to hit Singapore market in July
      368 2  -  By JEFFREY TSANG THE POPULAR IBM personal computer will soon meet its match in Singapore, in the form of about 300 Macintosh computers which will hit the shelves in July. A further 300 units will arrive at the same time for the
      368 words
    • Article
      MEMO-PAD
      329 2 Seminars and courses DURATION TITLE VENUE ORGANISER May 30 The Ideal Tax-Efficient Thong Teck Singapore Institute Emolument Package Building Of Management June 2 Receptionist Workshop POD Training Secretariats And Centre Meetings Pte Ltd June 4-5 Managing Technological Novotel Orchid Applied Research Innovation Inn Corporation June 4-28 Marketing Skills POD
      329 words
    • Article, Illustration
      TRADE TALK
      767 2 THE FIRBT batch of glassware, made in Thailand by Ocean Glass Co Ltd, was recently shipped to Japan by Asoke International Trading Co Pte Ltd. Worth more than U*****,000 FOB, the goods were contained in twenty 40-feet containers. The shipment is part of the major import order from
      767 words
    • Article, Illustration
      Investment tours of Western Australia for businessmen
      346 3 BUSINESSMEN seeking trade openings in Western Australia can now sign up for "investment tours" of the state. For about $3,000, Western Executive Services (WES) will arrange a week's working itinerary for a businessman or company representative interested in specific business opportunities in Western
      346 words
    • Article
      Drive for 600 more taxis to meet higher demand
      278 3  -  By WANG LOOK KEAH FIVE HUNDRED ts Ml taxis will be added to the preeeat fleet sI 11, Ml by the ead ef this year ts espe with the high demand far taxi services. The Slagapare Alrpert Has Service Is plaaalag
      278 words
    • Article
      Industrialists can tap university think tank
      298 3 JUST AS it has been a valuable focal point for academics of various scientific! disciplines, the Singapore National Academy of Science (SNAS) can similarly bring together academics and industrialists. Dr Wong Kwei Cheong told the opening of the academy's fourth congress yesterday that this
      298 words
    • Article
      Seminar on how to fight crime and drug abuse
      175 3 YOUNG PEOPLE can help in the fight against crime and drug abuse. Jo o Chiat's crime prevention and drug abuse programme control committee, together with the Singapore Police Force and the Singapore AntiNarcotics Association is organising a four-day residential seminar towards
      175 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      368 3 TEO KIM SEE has been appointed Asean area manager by Bourns Asia Pacific. Prior to joining Bourns, Mr Teo held various engineering positions in several multinational electronic companies, including Hewlett-Packard Singapore. Mr Teo, who holds an honours degree in Physics and Chemistry majors, and a law (LLB)
      368 words
    • Article
      Finance Ministry invites productive proposals
      371 3  -  By MONICA GWEE THE FINANCE Ministry will consider favourably budget proposals from ministries and departments which will help to improve productivity in the civil service. Mr Low Ah Tee, chairman of the Civil Service Productivity Campaign Working Committee, added that the Finance Ministry will encourage
      371 words
    • Article
      What to watch out for when planning an office
      466 3 OLD WAYS of planning offices suffered from a serious shortcoming insufficient attention paid to the office worker. "The human aspect has been neglected and the result has been a lower than expected performance, despite attempts to mechanise and automate the office,"
      466 words
    • Article
      Courtesy contest for tourist industry
      111 3 THE Singapore Tourist Promotion Board is organising a courtesy competition for the tourist industry in conjunction with the National Courtesy Campaign. The competition, open to travel agents, hotels, restaurants, department stores and airlines, consists of two categories. The first category is the courtesy skit/drama competition,
      111 words
    • Article
      STPB Taipei office opening tomorrow
      53 3 THE Singapore Tourist Promotion Board's office in Taipei will be officially opened tomorrow. The guest of honour at the opening will be Mr William Cheng, Singapore's Trade Representative in Taipei. The opening of the office in Taipei will bring the total number of STPB overseas
      53 words
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      133 2 SCINTILLATING a "Hiii 0 M MARTEL ■Si r, v Va /A i rs Dances, draws, shows and nights of gold. DANCE SHOWS at Century Park Sheraton's Black Velvet Gold Club will open your eyes to the grace, vitality and liquid movements of the art. DRAWS for Cartier pens, lighters, watches
      133 words
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      242 3 Royal Executive Class in the Orient k- fin »4 if V« A Rrst Qass Experience. In every sense of the word, except price, seats, of course. Spacious aisles FIRST CLASS CABIN AREA You see, we have made our Royal Executive Class the No. 1 class on our A3OO and DCB
      242 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon 'Vietnam wants a fight'
      426 4 Foreign ministers discuss Cambodian issue AP INDONESIAN Foreign Minister Mochtar Kusumaatmadja said yesterday that Vietnam seems to want a military solution instead of a peaceful settlement to the Cambodian issue, a Foreign Ministry official said. Mr Mochtar made the remark in a two-hour meeting with Japanese
      AP; UPI photo  -  426 words
    • Article
      Lock icon Japanese corporate earnings improve
      131 4 AFP JAPANESE corporate earnings in the half year ended in March showed a marked improvement, thanks mainly to stable crude oil prices and a steady world economic upturn. The Wako Economic Research Institute, an affiliate of Wako Securities Co, said in Tokyo yesterday that three out
      AFP  -  131 words
    • Article
      Lock icon Zhao goes on trade promotion trip to Europe
      256 4 Reuter CHINESE Premier Zhao Ziyang leaves Beijing today for a sixnation Western European tour that is expected to boost trade and focus on the arms race between the superpowers. Premier Zhao has said he hopes the trip will strengthen economic co-operation between
      Reuter  -  256 words
    • Article
      Lock icon Green light for abortion drug
      202 4 AFP A MEDICINE to terminate pregnancy without the need for surgery is to be approved by Japan's Ministry of Health 6 Social Security by the end of the month, the daily Mainichi Shim bun said. The drug "preglandin", manufactured by Ono Pharmaceutical Co of Osaka,
      AFP  -  202 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      811 4 ARRIVALS Operator Sarvict Local From number time PAA PAS 0020 JFK/SFO/HKG CAL CI009 0040 TPE MAS MH68I 0820 KUL MAS MH60I 0905 KUL MAS MH67I 0935 KUL MAS MH8II 0940 PEN RBA ***** 1000 BWN SIA SQ103 1005 KUL CPA CX7I0 1035 HLP GIA GA960 1100 HLP
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    • Article, Illustration
      Lock icon Egypt elections a funeral: Serageddin
      404 5 AP OPPOSITION politicians have accused Egyptian President Hosni Mubarak's ruling National Democrats of widespread fraud and voter intimidation during parliamentary elections which the government pledged would be open and fair. Interior Minister Hassan Abu Basha said results from Sunday's parliamentary election, the first since Mr
      AP; UPI photo  -  404 words
    • Article
      Lock icon Taiwan endorses younger cabinet
      184 5 Reuter TAIWAN'S ruling Nationalist Party yesterday endorsed a new and younger cabinet in a major reshuffle aimed at rejuvenating its leadership. The Central Standing Committee, the party's policy-mak-ing body, adopted a proposal for the cabinet submitted by Prime Minister Yu Kuo-Hua, appointed by President Chiang Ching-Kuo
      Reuter  -  184 words
    • Article
      Lock icon Concern grows over biotech leaks
      248 5 NYT A US DEFENCE department intelligence official last Sunday said the government was worried that American advances in biotechnology might be "turned against them" by the Soviet Union. Dr John HBirkner, a scientific and technical intelligence manager for the Defence Intelligence Agency, called upon the
      NYT  -  248 words
    • Article
      Lock icon War sparks shock cut in petrol prices
      406 5 AP CONTRARY to predictions, the Iran-Iraq war is encouraging oil nations to overproduce, ranging a surprising drop in gasoline prices, oil industry analyst Dan Lund berg said on Sunday. "At any moment, the world is going to start to see increased production and
      AP  -  406 words
    • Article
      Lock icon Gulf air attacks bottle up tankers in ports near Gulf
      343 5 Reuter THE NUMBER of tankers idle off Fujairah and Khor Fakkan ports outside the gulf has risen from about 10 to 60 since air attacks on ships intensified, shipping sources said yesterday. The ports are on a stretch of United
      Reuter  -  343 words
    • Article
      Lock icon Muldoon meets Dr Tan
      103 5 Reuter SINGAPOREE'S Finance, Trade and Industy Minister, Dr Tony Tan Keng Yam, arrived in Wellington yesterday for a sixday visit to New Zealand. Last night he dined with Prime Minister, Sir Robert Muldoon, and later held talks with government ministers, the leader of the opposition Labour
      Reuter  -  103 words
    • Article
      Lock icon Growth of 4.lpc forecast for OECD countries
      180 5 Reuter THE Organisation for Economic Cooperation and Development (OECD) has forecast its member countries will register an average 4.1 per cent real economic growth in 1984, and 2.7 per cent in 1985, up from 2.25 per cent in 1983, the Nihon Keizai newspaper
      Reuter  -  180 words
    • Article
      Lock icon Phillips' plastic is as strong as steel
      542 6 UPI PHILLIPS Petroleum Co has developed a plastic as strong as steel that could generate gross revenues of US$lOO million a year for the energy company. Don Brady, Phillips' thermoplastic composites division manager, is involved in the development of engineering plastics, reinforced with
      UPI  -  542 words
    • Article
      Lock icon US foreign trade creating more manufacturing jobs
      142 6 NYT IN SPITE OF deep import penetration of the steel, car and other industries in the *****, foreign trade produced an increase over all in manufacturing jobs in the US, according to a new Brookings Institution study entitled "Can America Compete?". Robert Lawrence,
      NYT  -  142 words
    • Article
      Lock icon French and Germans 'hostile to UK'
      341 6 NYT CITIZENS of Europe's 10 common market countries reflect the fractious mood of their leaders, with the French and West Germans expressing particular hostility toward Britain. A poll conducted for the European Parliament and a group of European newspapers, made available to the New
      NYT  -  341 words
    • Article
      Lock icon 'Help me this day to keep my big mouth shut'
      338 6 UPI MAXINE WARREN says she has learned the hard way not to say things she does not mean, particularly about US President Reagan. Soon after making a statement she said she wished she could retract, Mrs Warren found herself in
      UPI  -  338 words
    • Article, Illustration
      Lock icon Marching on the enemy
      128 6 SHiiTE Muslim clerics belonging to the "Hizbollah" Party of God launched a protest march in West Beirut last Sunday. Part of the demonstration involved their tramping on the American flag. More than 2,00 people joined the march and chanted slogans hostile to the US, USSR and
      UPI picture  -  128 words
    • Article
      Lock icon American GNP growth likely to fall to 3.5 pc
      309 6 Reuter YEAR-ON-YEAR growth of US gross national product is likely to fall to 3.5 per cent in the fourth quarter of 1984, and prime interest rates will probably rise further in the next few months. A panel of US economists said
      Reuter  -  309 words
    • WORLD IN BRIEF
      • Article
        US withdrawal
        49 6 AFTER a two-week marathon session, sometimes with 14hour sittings, the 51-member board of Unesco on May 25 failed to get the US to reverse its decision to withdraw from the 161-member organisation. A US officials said that "the US is leaving more in sadness than in anger".
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      • Article
        Survey on beliefs
        63 6 LESS than one in two Britons believe there is a god, and only 16 per cent of the population go to church regularly, according to a survey published on Sunday. The Harris Research Centre survey said that those who attended services regularly tended to be the elderly,
        63 words
      • Article
        Newspaper dispute
        59 6 ROLAND Rowland, millionaire owner of Britain's weekly Observer, threatened to close the newspaper permanently because of a printers' pay dispute, a management spokesman said on Sunday. The dispute, involving 56 machine-minders, caused the loss of the entire 875,000 copies of the weekly last Saturday night. The spokesman said
        59 words
      • Article
        Militant captured
        48 6 ONE of 19 Irish Republican Army militants who had remained at large after making a spectacular escape from Britain's Maze Prison in northern Ireland last September was recaptured in Dublin on Sunday, a police source said. The man was identified as Belfast-born Robert Patrick Russell, 25.
        48 words
      • Article
        Contracts down
        55 6 0\ ERSEAS construction contracts signed by South Korean firms in the first four months of this year plunged 61.6 per cent from a year ago to US$l.Ol billion, industrial statistics showed yesterday. The drastic setback was due partly to sluggish construction demands in the Middle East, which is
        55 words
      • Article
        Magnate's donation
        44 6 HONGKONG shipping magnate Pao Yue Kong said in Beijing on Sunday that he would donate US$l million next year for China's educational development, sources reported. Mr Pao had already in 1982 donated $1 million in scholarships for Chinese students to study abroad.
        44 words
      • Article
        Lock icon Cocaine trade
        50 6 Agencies COCA leaf plantations and cocaine laboratories have been found for the first time in the vast jungles of the Amazon Basin. US officials in Brasilia said that the cocaine trade's move into the Brazilian lowlands is a major expansion of the drug network supplying the US. Agencies
        Agencies  -  50 words
    • Article
      Lock icon We are a chip of the chimp
      65 6 UPI IT MAY strike you as unflattering, but a genetic test shows that, moleculariy speaking, humans resemble the chimpanzee more than the chimpanzee resembles the gorilla. Yale biologist Charles Sibley told the annual meeting of the American Association for the Advancement of Science
      UPI  -  65 words
    • Article
      Lock icon US, Korean companies start work on Libyan river project
      506 6 NYT AMERICAN and South Korean companies have begun work on a multi-billion dollar project which Colonel Gaddafi hopes will demonstrate his "green book" philosophy about socialist farming and turn the arid country into an agricultural mecca. Colonel Gaddafi's "great man-made river
      NYT  -  506 words
    • Article
      Lock icon Papua New Guinea bans ABC reporters
      230 6 AFP ALL JOURNALISTS from the Australian Broadcasting Corporation (ABC) have been banned from reporting in Papua New Guinea in retaliation for having screened an interview with Irian Jayan rebel leader James Nyaro. In a statement to the Papua New Guinea Parliament, Foreign Minister Rabbie
      AFP  -  230 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      220 4 Thel9B4 Canon Breakthrough No.l Canon's latest copier copies perfect half tones -from every original. V .v p H L Canon's breakthrough NP 500 copier is fully equipped with a unique feature, high and low basing tha* provides you with a wider range over and above the automatic density exposure control
      220 words
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      Page 4 Advertisements Column 2
      13 4 Pan Am First Class. Spcuv. l irst In I u\ur\ fust in Comfort.
      13 words
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      166 5 United Banks' Computer Payroll is the most I innovative and versatile payroll system in Singapore. We're the first and only bank that offers your company COMPAS, a customised software package for the automatic payment of your employees' salaries into their bank accounts. In effect, COMPAS means you can now computerise
      166 words
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      117 6 solves same of inner for off ioe management Planscape plans and creates efficient workstations quickly and with flexibility. A system designed around interchangeable panels, overhead storage units all linked together with a series of posts. Designed to solve the mysteries of: Floor space saving Power consumption saving Construction costs saving
      117 words
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  • BANKING AND FINANCE
    • Article
      Forex markets
      522 7 SINGAPORE: THE LOCAL currency closed firmer yesterday at 552.1055/65 against the US dollar compared with tast Friday's dose 0 f $2.1065/75, at 5591.05 15 against the Malaysian dollar compared with $91.15/25 but slightly the Hongkong dollar at 5*26.95/27.00 compared with $26.90/95. The US dollar extended earlier gams against
      522 words
    • Article
      Foreign exchange
      230 7 Interbank rates at 3pm Currencies Nominal rates Local dollars to quoted ye •terdey crom parity change WW unit of foreign currency: US dollar 2.1055 2.1065 2 8196 -25 33 Sterling pound 2.9140 2 9175 7 3469 -60 34 Australian dollar 1 8949 1 8979 3 4286 -44 73
      230 words
    • Article, Illustration
      Asian $ market
      227 7 Asian market DEPOSIT rates for Asian dollar deposits closed steady yesterday at easier opening levels in quiet trading. CD rates for prime customers unavailable. THE PLR is the lowest lending rate at which a bank is prepared to lend in Singapore dollars to its clients on an overdraft or demond
      227 words
    • Article
      Untitled
      296 7 SINGAPORE Futures closed lower in quiet trading yesterday, reflecting the metal's fali on overseas markets. Total sales for the day were recorded at nine lots. Prompt closed easier at US$3B7 389 an ounce compared with New York's Friday J389.00/389.75 close August at $394/397 against $396.50/307.50 and December at $411.50/414.50 against
      296 words
    • Article
      Lock icon America will urge banks to adjust debt terms
      135 7 Reuter THE UNITED States will resist any calls at the London economic summit for a government-imposed restructuring of world debt, but it, will encourage private arrangements between commercial banks and the debtor nations. A senior US official in Washington said yesterday: "We
      Reuter  -  135 words
    • Article
      Lock icon More US banks need supervision
      87 7 Reuter THE NUMBER of federally chartered banks in the United States requiring special supervision from the Comptroller of the Currency has risen 16.4 per cent in the first four months of this year, a spokesman said. Ellen Stockdale, Deputy Director of Communications, said in answer
      Reuter  -  87 words
    • Article
      Money markets
      126 7 THE OVERNIGHT rate on the local interbank money market was unchanged at V/% per cent yesterday. The two-month rate also ended the day at last Friday's closing level, but the ones and threes eased by 1/16 point. Discount prices At yesterdoy's close Prices offered 1 >y discount 3-month
      126 words
    • Article
      Lock icon Japan's market relaxation may raise rates
      588 7 FT i JAPAN'S efforts to libera- <- lise its financial markets are likely to raise domestic interest rates and squeeze bank profits, a senior offi--5 cial of the country's central bank said. Mr Takeshi Ohta. direc- tor of the Bank of Japan's foreign department,
      FT  -  588 words
    • Article
      Lock icon Bundesbank urged not to follow rise in rates
      194 7 Reuter DRESDNER Bank AG management board spokesman Hans Friderichs said the Bundesbank should refrain from increasing leading German interest rates in response to the latest rise in US rates. Mr Friderichs said there are no domestic reasons to raise the 4 per
      Reuter  -  194 words
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      217 7 A •-< -< ■D Wl r 'v '■<■>■ va .—> V"' -.->. W.t' W^WSL v*3 Minwawiii«wni-■n». <.""^<«'j"'I* -•v V>< A ;i V :■•••••>:>>> LATEST NISSAN STAIMZA woocc High performance never looked or felt so good. The Heritage of Performance in a Sleek New Look Nett Basic Price 2 $28.055PARF So
      217 words
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      2324 8 m r 5 m m s m s m m m m UNITED OVERSEAS BANK LIMITED AND ITS SUBSIDIARY COMPANIES (INCORPORATED NTHE REPUBLIC OF SINGAPORE) «-»>«• wwiyii ni*IUJ BALANCE SHEETS 31 DECEMBER 1983 The Group SHARE CAPITAL Ordinary shares of Ssl each Authorised Issued and Fully Paid CAPITAL RESERVES Share
      2,324 words
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      2365 9 Jill E.E.F f:1 w a J2 w* m ttt m 111 l LIM 'TEP and its subsidiary companies BALANCE SHEETS 31 DECEMBER Iflfta The Group SHARE CAPITAL Ordinary shares of S$ 1 each Authorised Issued and Fully Paid CAPITAL RESERVES Share premium Other REVENUE RESERVES General (Note 4) Profit unappropriated
      2,365 words
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  • FEATURES
    • Article
      Hopefully this is the last
      510 10 WITH ALL the hints dropped over the past week, the final government announcement that CPF rates would rise to 25 per cent came as no surprise. The Prime Minister had said it would two years ago. And given the relatively high wage increases recommended by
      510 words
    • Article, Illustration
      Lock icon Third World forecast: Confused prospects
      1414 10  -  By ANATOLE KALETSKY FT "HAVE THE less developed countries bottomed out?" is the title of the latest analysis of the world economy published by Data Resources (DRI), the world's largest econometric forecasting service. The International Monetary Fund (IMF), in its recent World Economic Outlook answers
      FT; Source: Wharton Econometrics, World Bank  -  1,414 words
    • Article, Illustration
      Lock icon Erratic power haunts India
      720 11  -  By MARK O'NEILL Reuter THE INDIAN steel industry, key to the country's drive for industrial self-reliance, is spending US$6OO million to combat an erratic power supply and a sharp fall in production. Mr S Samarapungavan, chairman of the state-owned Steel Authority of India (Sail), said the
      Reuter  -  720 words
    • Article
      Lock icon New technology creates new political tensions
      651 11  -  By STUART DIAMOND NYT THE EMERGING technologies of genetics, computers, telecommunications and other growth industries are straining relations among nations in commerce, defence, law and culture. Biotechnology companies wonder if they should export crop advances that could feed millions in the Third World, if
      NYT  -  651 words
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      1480 10 SHARE CAPITAL Authorised Shares of Ssl each Issued and Fully Paid Shares of Ssl each STATUTORY RESERVE (Not* 4) REVENUE RESERVES General reserve (Note 5) Profit unappropriated Total Capital and Reserves CURRENT LIABILITIES Fixed, savings accounts and other deposits Fixed deposits by a fellow subsidiary Interest payable Other creditors and
      1,480 words
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      197 11 s<)< II l\ 11 KN I lON I'Ol K I I 1)1 I I HTMI I DI S ()|<(, \\|s i\s S I DO In Association With CENTRE FOR RESEARCH, EDUCATION AND DEVELOPMENT OF ORGANIZATIONS CREDO is proud to announce that Malaysia is the host country for SIDO's NINTH INTERNATIONAL
      197 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1377 11 1 urn* qhd QJBM Worriors of the wind 8.03 pm Each spring in Hamamatsu, Japan, scores of kite-flying teams meet to do battle with their fighting kites until death. The competition, known as the Hamamatsu Festival, claims its heritage from the ancient samurais. The fighting kite, like the sword of
      1,377 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      679 11 II CRYPTIC PUZZLE ACROSS 3 He's a cord! (5) 8 K he fatherly to servicemen? (5) 10 Be like Thomas (5) 11 Too sentimental, but it is some good (3) 12 Demond many an obiect (5) 13 Criminals mixing rum with eggs (7) 15 As worn in Mombasa, Botswama, etc?
      679 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon High merger rate in US does not indicate boom
      743 12 UPI THE MERGER frenzy that has seized American business under the Reagan administration pales in comparison with the takeover revolution of the late I 1960b when the giant conglomerates were formed, analysts say. "One can make a good argument that we're
      UPI  -  743 words
    • Article
      Lock icon Analysts expect Courtaulds to continue growth in profits
      409 12 Reuter SHARE ANALYSTS expect Courtaulds PLC, which will be announcing its results today, to show continued profit growth after its exceptionally strong first half but overall returns stay slim. Pre-tax profit for fiscal 1983/ 84 ended March 31 is projected at about
      Reuter  -  409 words
    • Article
      Lock icon Stock pickers may have future winners at bargain prices
      701 12 NYT j IN A STOCK market correction such as the one over the past 11 months, money managers who focus only on picking stocks often find future winners at bargain prices. Mr Arthur Nicholas, managing director of San Diego's Pacific Century
      NYT  -  701 words
    • Article
      Lock icon Hitchart
      157 12 Reuter NIXDORF Computer AG said the flotation of a nominal 72 million Deutschemarks of its stock next month will raise its equity by 555 million marks to 1.35 billion. The company said the flotation will be priced at 380 marks per nominal 50-mark share. A company statement said the
      Reuter  -  157 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      103 12 w X ir.S>. if.% f Unheard of at the Tea Garden. Here, your only pvoblev vm be deciding whether to have your virgin white asparagus (air-flown from Europe, naturally), HoUandaise orMilanaise? Stimiberries, with Grand Marnier? Or wrapped in a delicious crepe. Or if you prefer, with vanilla ice cream and
      103 words
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      Page 12 Advertisements Column 2
      145 12 Spectacular Double Bill 1 Cedric and Debbie Larry's Midnigh fers excitement hits ROBIN'S TAVERN Two popular groups entertain from 5 15pm onwards A single group performs on Sundays and Mondays Order a glass of White Horse WWsky, Bed Whisky, Seager Gin, i x Bisquit VSOP or Tiger Draught V/ V:
      145 words
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      Page 12 Advertisements Column 3
      73 12 HUANG PALACE Hong Kong Tim Sum served from 11 am to 230 pm (We also cater for weddings, anniversaries, birthdays and Chinese dinner functions.) For Krsmniiom plrav (all y*l>/22 F.xt /<?7 or I MX) PRESIDENT MERLIN HOTEL SINGAPORE I*l. bkhnri K.khl Suik..|.h, OH3D Irl *****2 Ti o m k w
      73 words
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      Page 12 Advertisements Column 4
      138 12 MEMBERSHIP FEE Single $15.00 per month Couple $25.00 per month Family $30.00 per month Group/Company Negotiable ENTITLEMENTS: Exclusive use of the Swimming Pool on 3rd Floor of the Hotel from 8:00 a.m. to 9:00 p.m. 10% Discount on all meals in Cafe De Grand. 10°o Discount on all drinks in
      138 words
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      Page 12 Advertisements Column 5
      50 12 sM«e Relax in a cosy atmosphere after a hard day's work with Live Entertainment by INGERBREAD WEA AND T.V. RECORDING ARTISTE OPEN DAILY TILL 1 AM AND SATURDAY TILL 2 AM FREE AMPLE MRKMG Cockpit Sotel •nlemitionaf PW Lid. Oxley Rise Penang Road. Singapore 0923. Tel: *****11 ~iodlt to lISMKB
      50 words
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  • ASIAN STOCKS
    • Article
      Hong Kong
      417 13 HONGKONG: Share prices closed higher on sporadic local buying while overseas investors were staying on the sidelines because of the long weekend holidays in Britain and the United States. The Hang Seng index closed 16.52 higher at 919.31. After falling sharply on Friday on concern over remarks by
      417 words
    • Article
      Taipei
      242 13 2B NT Lien Hwo Indus 10 70 -1.1 Al Sincere Indus 8 80 -0 3 Pootic °Cons 28 90 5 30 00 16 PocrfK IS 28 90 2 6 Cathay Cons 30 30 -3 Wire 17(W Chang Hwo Bonk 52 00 -2.5 D 7 Chen Loong 25 30 -2
      242 words
    • Article
      Tokyo
      378 13 TOKYO: Share prices closed lightly lower yesterday in extremely light trading in the absence of fresh factors. The market average fell 11.32 to close at 10,116.04 after falling 14.74 last Saturday. Turnover was 130 million shares against 120 million in Saturdy's half-day of trading. MAY 28 Ajnomoto Akoi Amodo
      378 words
    • Article
      Seoul
      74 13 May 28 Won Hyundai Cofp Hyundoi Motor KAL 632 553 450 -8 -7 -10 Choheurtg Bk 665 -5 Korea Frst 3 >18 -10 -5 Commencol Bk 700 Korea CM Doefcm Ind 581 24 -3 -9 Korea S»*p Lucky Ltd 411 730 Samsung Co 629 •11 Dong Ah 665 Samsung
      74 words
    • Article
      Sydney
      455 13 SYDNEY: Australian share markets closed steady in quiet trading yesterday but some gains made early were eroded at the finish. The All-ordinaries index was 3.0 points firmer at 678.0, having reach- Ed a high of 681.9 in the morning. The All-industrials marker was 1.0 higher at 929.8 and the
      455 words
    • Article
      Bangkok
      163 13 BANGKOK: Share prices closed mostly lower in the absence of buying support in inactive trading yesterday. The Book Club index dropped 0.79 to 117.37 on turnover of 10.5 million baht with 66,663 shares changing hands. Siam City Cement eased four baht to 388, Jalaprathan Cement two to 132 and
      163 words
    • Article
      Manila
      168 13 MANILA: Prices closed firmer in continued dull trading yesterday, despite higher metal prices overseas. The commercial and industrial index was up 0.69 at 134.60 and the mining marker rose 10.42 to 1,089.65. Oils moved up 0.008 to 0.732. Atlas Con 'B' rose to 39.50 from 39, Benguet Con 'B'
      168 words
    • Article
      STOCK SALES PEAK
      66 13 NET FOREIGN selling of Japanese stocks on the Tokyo Stock Exchange in the week ended May 19 hit a record 176.9 billion yen, compared with the previous record 96.2 billion in the first week of April. Net sales worth 43.8 billion yen were recorded in the previous
      66 words
    • Article
      Lock icon Gold Peak Industries plans share offer
      168 13 Reuter GOLD PEAK Industries (Holdings) Ltd is likely to offer shares representing about 35 per cent of the company to the public early next month, the company and sole underwriter Schroders and Chartered Ltd said. The issue will raise HKJ9O million to $110 million,
      Reuter  -  168 words
    • Corporate round-up
      • Article
        Swire puts profit st HK$1.03bn
        121 13 SWIRE Pacific Ltd expects net 1984 earnings of more than HKJI.O3 billion against $837.2 million in 1983 upon a successful acquisition of minority interests in 72.5 per cent held subsidiary Swire Properties Ltd. In a prospectus to shareholders, the company proposes the issue of 130
        121 words
      • Article
        Total Chine in China venture
        154 13 TOTAL CHINE, a subsidiary of Cle Francaise des Petroles, has agreed with China to begin preliminary development of the first oil field in the Beibu Gulf of the South China Sea, a Chinese spokesman was quoted as saying. Total will survey the bed of the
        154 words
      • Article
        Hutchison holders opt for shares
        41 13 HUTCHISON Whampoa Ltd said holders of 110.48 million ordinary shares elected to receive new shares in lieu of a special HK$4 per share cash dividend. A total of 482.02 million shares were eligible for the dividend.
        41 words
      • Article
        HK, Macao take major share
        68 13 SOME 132 of the 188 joint companies formed in China between 1979 and the end of 1983 involved Hongkong and Macao companies, New China News Agency said citing the business newspaper Jingji Ribao. These 132 joint companies represented investment of $110 million. Three of them
        68 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      550 13 m£»4Li 'J! H T Bf I 4 -vt SB? mt >»?'• ii MjgMM afigrt ■■■■MHanuiM «g Us ms*>j Light up your evenings with S/VTYNa group of four dynamic entertainers, who'll delight you with their versatility and talent. See them in action, Mondays to Saturdays from 9 pm to 1 am.
      550 words
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      Page 13 Advertisements Column 2
      174 13 A You can taste it with your eyes At Pin Hsiang Restaurant, Singapore's NEWEST addition to good, traditional Sichuan cuisine. Conveniently located next to the Shangri-la Hotel. At the RELC Building. With ample FREE parking facilities. We also cater for weddings, anniversaries, etc. And have private function rooms. Pin Hsiang
      174 words
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  • RAW MATERIALS
    • Article
      Lock icon Coffee organisation to study price trends
      582 14 Prices at their highest in nearly seven years Reuter PRODUCER PRICES of coffee have soared to their highest levels in nearly seven years, in spite of attempts by exporters to hold the price down by releasing fresh stocks to the market. Coffee is believed
      Reuter  -  582 words
    • Article
      Lock icon Geneva to be a 'last chance' for sugar pact
      439 14 AFP TALKS IN GENEVA from June 12 to 29 on a new international sugar agreement will be "last chance negotiations", European Economic Community officials said. Two main subjects will dominate: the fixing of a 'reference export availability' for each signatory country,
      AFP  -  439 words
    • Article
      Of twine, jute, sisal and flax
      452 14 THE LONDON fibre and commodity dealer Wrigglesworth has prepared an evaluation of the twine, jute, sisal, and flax markets in its latest review. TWINE: Late shipments of sisal from origin have caused some concern among baler/ binder twine makers, but in general supplies appear
      452 words
    • Article
      Lock icon NEW PALM OIL MILL
      72 14 Reuter INDONESIAN President Suharto has commissioned a new US$23 million 30 tonne/bunch per hour palm oil processing plant in north Sumatra as part of the country's drive to step up palm oil production. Plantation officials said Mr Suharto last week opened the new Rokan plant in
      Reuter  -  72 words
    • Article
      China to take delivery of its first manganese purchase on world market
      301 14  -  By MICHAEL NEILL CHINA IS taking shipment of its first manganese ore purchases from the international market. The shipments are reported to be between 80,000 and 100,000 tonnes, at prices up to 5 per cent higher than last
      301 words
    • Article
      Straits Tin
      94 14 THE Straits tin price in Penang yesterday remained at the ITA floor level of MJ28.15 a Idio. Dealers said the buffer stock manager again absorbed the hoik of disposals amid con tinning shortage of demand doe to the present £15# a tonne premium over the spot price in
      94 words
    • Article
      TEXTILES
      134 14 Yarn (k« HK$ per bole ot 400 lb) China carded yarn, cones Blue Phoerwx I6's 3.550 Blue Phoenix 20's 3.600 Blue Phoenix 32's 4,000 Blue Phoenix 40's 4,500 Carded yarn, hank Blue Phoenix 21'$ 3.650 Combed yarn, cones Blue Phoenix 32's 5,650 Blue Phoenix 40's 5,850 Open-end yorn Blue
      134 words
    • Article
      RICE
      297 14 Singapore (S$/kila, ea-godown) Thoi white C-l special C-l Ordinary Looniom 100% first grade ur ur un 100% 1st doss 100% second grade 25 (kangaroo) 100% third grade un new crop 100% 2nd doss 078 100% 3rd closs 0 76 26 25% new crop No stock '0* 25 B-10% No
      297 words
    • Article
      Lock icon Output of non-ITC states up says minister
      126 14 Reuter TIN PRODUCING cpuntries which are not members of the International Tin Council have stepped up their production following the move by producers to impose the quota system to reduce the world's supply of tin, Selangor Chief Minister Datuk Ahmad Razali said. This
      Reuter  -  126 words
    • Article
      PALM OIL
      142 14 MALAYSIAN crude palm oil prices eased on profittaking and reserve of buyers yesterday, with sentiment dampened by uncertairVChicago soy futures last week. The refined market remained calm on lack of buying interest in the absence of foreign demand. RBD olein in Aug was traded at USJB4O a tonne.
      142 words
    • Article
      Produce exchange
      147 14 Chinese Produce Robusta 20/25% Exchange FOB NSW 487 50 (Sjfcri' noon closing 100 kg) P"c« S$/ Nutmeg 110 FOB NSW 355 00 Coconut oil B W FOB NSW 256 00 Bulk FOB 240 00 Gombier Ota drum FOB New drum FOB 253 00 257 00 FOB NSW 300
      147 words
    • Article
      RUBBER
      192 14 SINGAPORE: Rubber market closed slightly lower yesterday with June One RSS buyers quoted at 198.75 cents a kilo, down three-quarter cent from last Friday. The morning session was little changed on lack of buying interest in very quiet trading. Prices eased in the afternoon on some speculative selling of
      192 words
    • Article
      RAS and MRELB
      329 14 RAS prices (m s cMn/kno, fob NOON Buyers Sellers !J£5 pfompt 199 50 200 50N £t RSS June 200 50 201 00 I 211 205 00 205 50 f f^2 RSS 199 50 200 50N i*< C ,«it. '98 50 I 99 50N ln»3RSS 195 50 196
      329 words
    • Article
      SSR and SMR
      108 14 M c«nts/1 ton poN«ts) June Julv (current mth) (forward mth) RAS Buyers NOON Sclltn NOON Buyers SSR 20 SSR 50 198 00 196 00 200 OON 198 OON 200 00 198 00 202 OON 200 OON MRELB lnytn Sdlcn Buyers S#ll#rs SMR CV SMR L SMR 5
      108 words
    • Article
      Lock icon Date set for talks on corn gluten
      185 14 UPI OFFICIALS from US and Europe say exploratory talks on a common market proposal to restrict imports of US corn gluten feed will be held in midJune. Tentative dates for the talks were agreed upon during discussions this week between Claude Villain, the
      UPI  -  185 words
    • Article
      Soviet grains face unfavourable weather
      279 14 UNSEASONABLY WARM, dry weather in key Soviet grain areas is injuring winter grains and emerging spring crops such as corn and barley. Joint Agricultural Weather Facility run by the US agriculture and commerce departments, said on Tuesday that the dry portion of the Soviet Union
      279 words
    • Article
      Aussie wheat for Jakarta
      60 14 INDONESIA has undertaken to increase its calendar 1984 purchases of Australian wheat to 500,000 tonnes, 50,000 more than was agreed on last year. In a statement, Australian Wheat Board acting general manager Mev Connell said the increased tonnage is a step for Australia towards gaining a
      60 words
    • Article
      Lock icon Rains lift hopes for China's wheat crop
      140 14 Reuter RECENT RAINS have ended a drought in China's major wheat-growing areas, an agriculture ministry spokesman said. He was quoted by the official New China News Agency as saying prospects for wheat are now brighter and he predicted another good harvest. He did
      Reuter  -  140 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      46 14 Hongkong Bank Trustee (Singapore) Limited 21 Collyer Quay #03-01 Hongkongßank Building Singapore 0104 CHANGE OF TELEPHONE NUMBER Please note that our telephone number will be changed to 225 2388 as from 1 June 1984 Our address and telex number remain unchanged <Z> member: Hongkong Hank group
      46 words
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      Page 14 Advertisements Column 2
      166 14 NOTICE OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We Unison Shipping (Pte) Ltd, 10 Anson Road, 14-19/ 20, International Plaza. Singapore 0207, hereby give notice that in consequence of the Intended change of name of ship. We have applied to the Registrar of Singapore Ships, under section 417 of
      166 words
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  • SHARE INFORMATION
    • Article, Illustration
      Stocks fall back after initial burst of buying
      3959 15 ALTHOUGH the market got off to a good start yesterday, share prices closed lower as a result of the poor follow-through buying support later in the day. At the closing bell, the BT Composite Index closed 2.74 points higher to 865.87 while
      3,959 words
    • Article
      Chief price changes
      182 15 SINGAPORE Rises Indices TW. M«o, 1050 20 25 M CMiMt 755 15 jj f',-»»»"■ 863 I) $65.97 %rr* 330 +14 "o6/Os" 2428W6 *****62 e,c 995+10 ojSS 293 n 10 610 +10 c-r ,950 75 *56 12 Fn»o M loi 515 in ?Z f",". u 2866.35 2857.86 Eu
      182 words
    • Article
      KL market eases on broad front
      459 15 A LATE withdrawal of interest checked an early rally at the Kuala Lumpur stock market yesterday. By the close, most sectors were brought lower although a few blue chips posted good gains. Among them, blue chip Esso up $1.20 to 117.40. The market opened
      459 words
    • Article
      Business done on the SES
      3165 15 810 and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time SetUement Contracts are quoted after the word "SETT".
      3,165 words
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  • COMPANY NEWS
    • Article, Illustration
      Landmarks seeks new horizons
      1124 16 TAN SRI Chong Kok Lim, a well-known Malaysian tin miner, property developer as well as champion race horse owner, has always thought big and bold, and possesses an uncanny sense of business foresight. And he hopes to inject some of his brand of entrepreneurship into his
      1,124 words
    • Article
      Universal Cables projects M$ 12.5 m profits
      715 16 UNIVERSAL Cables (M) Bhd has forecast group pre-tax profits of M 512.51 million for the year ending Dec 31,1984. Universal Cables disclosed this in a circular to shareholders in connection with its proposals to increase its authorised capital, to acquire Connaught Housing Development
      715 words
    • Article
      Selected indices
      98 16 HONGKONG Australian Industrials Hong Seng Index Monday 929 8 Monday 919.31 Friday 928 8 Week ago 977.7 Friday 902.79 Week ago 893.01 NEW YORK Dow Jones TOKYO Friday 1107.10 Tokyo Dow Jones Thursday 1103.43 Week ago 1133.79 Monday *****.04 Friday *****.10 Standard and Poors Week ago *****.97 Friday
      98 words
    • Article
      Unit trusts
      222 16 Managers' prices for May 29 MARA Bumiputra First B putro Second B'putra 6 28 6 33 5 54 5 59 Singapore Unit Trust The Commerce 3.18 3.38* The Savings Fund 1 95 2 07 Third B'putra Fourth B'putra Fifth B'putra Sixth B'putra 4 85 4 90 5 56
      222 words
    • Article
      COMPANY BRIEFS
      81 16 THE TRANSFER books and register of members of Hw» Hong Manufacturing Co Ltd will be closed from June 25 to 29 to determine shareholders' entitlements to the first and final dividend of 3 per cent less taxpayable on July 9. MELODIES Ltd has bought 10,000 shares of Hotel
      81 words
    • Article
      MOX interim up 10pc
      112 16 MALAYSIAN Oxygen Bhd has reported a 10 per cent increase in its group pre-tax profits to MJ7.04 million for the six months ended March 31, 1984, as against $6.4 million in the previous interim. But sales dropped slightly to *34.77 million from $34.98 million previously, due
      112 words
    • Article
      Kinta Kellas expects to pull in M$11m
      474 16 KINTA Kellas Tin Dredging PLC has estimated the gross proceeds from its proposed public, rights and special issues at Msll.ll million. The company intends to use some $5 million from the proceeds as capital for Builders Credit and Leasing Sdn Bhd. Another $859,000
      474 words
    • Article
      Business done on the KLSE
      2922 16 BID and offer prices officially listed and business In and rei ported 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 Ajmomoto (3 806) Alcom (2 278 2
      2,922 words
    • Article
      COMPANY MEETINGS
      224 16 ESSO Malaysia Berfaad: 25th AGM on May 29 at 10.30am in The Ballroom, Equatorial Hotel, Jalan Sultan Ismail, Kuala Lumpur. SAN Holdings Berhad: 19th AGM on May 29 at 10.30am in the Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur. UNITED Industrial Corporation Limited: 22nd
      224 words
    • Article
      Lock icon VW's holidays
      79 16 Reuter VOLKSWAGENWERK AG yesterday closed all six of its West German plants for a holiday due to a parts shortage caused by strikes at its components making plant in Brussels. A VW spokesman said the holiday will last until the end of this week and will be deducted
      Reuter  -  79 words
    • Article
      Taiping Consolidated makes big move into property
      468 17 TAIPING Consolidated Bhd is expected to move in a big way into property development with the participation of four parties which recently took substantial stakes in the company. The board representation of these dynamic groups, together with Sime Darby Bhd, which is itself
      468 words
    • Article
      Settlement suspension
      49 17 TRADING on a settlement basis in the shares of PaMic Baak Bhd, Geerge Kent Malaysia Bhd, Lies Hoe Industries Bhd, Malaya Tin Priatiag Co Ltd, Chemical Industries (FE) Ltd, 9a Heng Chan (Malaya) Bhd and Saath Malaysia Industries Bhd will be suspended from Friday until further notice.
      49 words
    • Article
      Lock icon Premier plantation group
      677 17 wm mm*.* HOCK LOCK SIEW THE PROPOSED takeover by Harrisons Malaysian Plantations Bhd (HMPB) of 10 companies domiciled in the UK will no doubt further enhance HMPB's standing as the premier plantation group in Malaysia. With these acquisitions, HMPB will own an additional 13,000 hectares, thus bringing
      HOCK LOCK SIEW  -  677 words
    • Article, Illustration
      Veneer Products makes cash call to raise $23m
      576 17  -  By CHAN OI CHEE VENEER Products Ltd, which reported a sharp turnaround in profitability for the financial year just ended, has proposed to raise $23 million from the stock market through a one-for-one rights issue. During the year to Feb 29, 1964,
      576 words
    • Article
      KL broking firm to revamp in line with NEP
      251 17 ONE of the biggest stockbroking firms in Kuala Lumpur, GP Securities, is expected to restructure in line with the New Economic Policy soon. There is talk that GP is currently contemplating moves which would pave the way for greater bumiputra participation
      251 words
    • Article
      COMPANY BRIEFS
      341 17 TRADING in the shares of Textile Corp of Moloya Bhd resumed yesterday but trading on a settlement basis will be suspended from June 1. SEALION Hotels shareholders have approved an increase in the company's authorised capital from $50 million to $200 million. SELANGOR Properties Bhd shareholders have approved
      341 words
    • LATEST RESULTS
      • Article
        LANDMARKS HOLDINGS Bhd:
        37 17 Group pre-tax profits rose to MJ15.01 million in 1983 from $1.77 million previously. A final dividend of 10 per cent less tax will be paid on July 23 to shareholders registered on July 5.
        37 words
      • Article
        SIN HENG Chan (Malaya) Bhd:
        37 17 Group pre-tax profits increased from M 57.31 million in 1982 to $7.78 million last year. An unchanged first and final dividend of 12.5 per cent gross will be paid on July 14.
        37 words
      • Article
        GENERAL Lumber (Hold- ings) Bhd:
        19 17 Group pre-tax loss of M 5662,000 in the five months ended Feb 29, 1984.
        19 words
    • Article
      South Malaysia Ind's 1983 profits a long way from this year's target
      363 17  -  By NAJEEB JARHOM SOUTH Malaysia Industries Bhd, which expects to record M 514.7 million pre-tax profits this year, could only manage $104 million in gross earnings in 1963. However, this is still substantially higher than the previous year's
      363 words
    • Article
      Lock icon Cima public shares over-subscribed
      396 17 Bernama CEMENT Industries of Malaysia Bhd's public offer of 7.39 million shares at Msl each has been oversubscribed 34.6 times. The company, owned by the Perils Economic Development Corporation, had received applications for 262.93 million shares. To ensure widespread shareholding, Cima has decided to allocate 94.3
      Bernama  -  396 words
    • Article
      RESULTS DUE
      313 17 LAST FULL YEAR Com pony Period Date Net EPS Gross Net oflnounccd (cents) 4n profit last year ($"000) Killingholl Tin Ful yeor Feb 24 28 7(a) 35.7(a) 8,026 Ming Court Interim Feb 12 300 3,127 Loytopc Intenm May 6 207 4,884 Petoling Intenm May 10 329 130 0
      313 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      51 16 r ANNOUNCEMENT We are pleased to announce that with effect from 28th May 1984 TEMENGGONG MERCHANT BANKERS LIMITED will be known as HILL SAMUEL MERCHANT BANK ASIA LIMITED Our Business address, telephone and telex will remain the same:Address :11 Dhoby Ghaut #12-06 Cathay Building Singapore 0922 Telephone: *****16 Telex RS
      51 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      51 17 □lETHELM Furniture that has no equal 190 Clwnenceau Avenue *04-02 Singapore Shopping Centre Singapore 0923 lei *****06 TANGLIN HILL (Dist.lo) FOR SALE 3-storey detached bungalow with 6 bedrooms and servants' room, etc. Land area approx. 24,000 sq ft (freehold) For Further details/viewing please contact Ms Lam at *****09 (during office
      51 words
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      Page 17 Advertisements Column 2
      6 17 London Stock Exchange was closed yesterday
      6 words
    • Advertisement
      Page 17 Advertisements Column 3
      125 17 The Sanwa Bank Limited (SINGAPORE BRANCH) U. 5.540,000,00 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF mmm In accordance with the provisions of the Certificates, notice is hereby given that for the Interest Period from May 29, 1984 to November 29, 1984 the Certificates will carry a rate of Interest of
      125 words
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  • Article
    Singapore's exports to Asean hit a record $18.4bn
    475 18 LOCAL exports to the Asean region, excluding Brunei, reached a record level of $18.4 billion last year. Four Asean countries, namely Malaysia, Thailand, Philip-* pines and Indonesia, bought more petroleum products, machinery and transport equipment, chemicals and other goods from Singapore. This
    475 words
  • Article
    Court fines contractor for worker's death fall
    164 18 AN HDB contractor, Tong Hup Seng Construction Co, was fined $2,000 by a magistrate's court yesterday for not providing adequate safety measures at its worksite. As a result of its inadequate safety measures at Serangoon Central Contract Two worksite, a worker fell from
    164 words
  • Article
    Businessmen face 13 charges for conspiring to cheat eight banks
    144 18 two businessmen, facing 13 charges for conspiring to cheat eight banks of a total of $11 million, had their cases adjourned to July 23 for representations to be made. No pleas were taken from Tan Cheng Chow, 58, and Arman
    144 words
  • Article
    Lock icon Gulf war shows up need for Jakarta's crude oil
    210 18 AFP THE GULF CRISIS has highlighted the importance of Indonesia as an oil supplier, particularly to Japan. But it could not significantly step up crude oil exports because output is already near full capacity, petroleum experts said in Jakarta yesterday. Total
    AFP  -  210 words
  • Article
    OCBC only local bank in US$500m KL loan
    331 18  -  By ALVIN TAY THE OVERSEA-Chinese Banking Corporation is the only Singapore-incorporated bank among the 55 banks putting together a US$5OO million loan to finance Malaysia's general development. OCBC's role in this 10-year loan, scheduled to be signed in Kuala Lumpur today, will
    331 words
  • Article
    Retrenchment benefits discussed
    103 18 REPRESENTATIVES of the Singapore Bus Service (SBS) and the National Transport Workers' Union (NTWU), officially met yesterday to discuss the retrenchment benefits for conductors, affected by the operational changes made in the mode of fares collection through the one-man-operated ticketing system (OTS). Both parties recognised that the
    103 words
  • Article
    Bank Negara to set strict restrictions on lending
    441 18 BANK NEGARA is to establish a maximum "prudent limit" for commercial bank lending to a single customer, hanking sources said. The concern is that banks should not over-ex-pose themselves by concentrating their loans on a few large borrowers and straining the banking
    441 words
  • Article
    Kirkpatrick tells why the US supports Manila
    220 18 PRESIDENT MARCOS is not the reason why the US supports the Philippines. It is because America has a long-standing relationship with the government and people of that country. "Presidents come and presidents go, but the relationship remains the same," said the US ambassador
    220 words
  • Article, Illustration
    The man behind the woman
    162 18 WHILE wife Jeane Kirkpatrick, the US ambassador to the United Nations, is busy talking with Singapore's Prime Minister and government officials, Dr Evron Kirk pa trick is enjoying leisurely discussions with professors at the National University of Singapore. Dr Kirkpa trick, long-time executive director of
    162 words
  • Article
    Lock icon HK government studying Mahathir's comments
    137 18 Agencies THE HONGKONG government was yesterday studying reports of comments made by Dr Mahathir on Sunday about the raid on the Bumiputra Malaysia Finance (BMF) offices in Hongkong and a statement that was read out during the Jalil murder trial that alleged Malaysian ministers receiving
    Agencies  -  137 words
  • LATE FILE
    • Article
      Lock icon Plans for Gulf peace initiative
      50 18 UPI ISLAMIC nations yesterday prepared few a Gulf peace initiative amid reports that the US would ship 400 Stinger anti-aircraft missiles to Saudi Arabia soon. Leaders of the Islamic Conference Organisation will meet in Abu Dhabi to consider creation of an Islamic peace force. UPI
      UPI  -  50 words
    • Article
      Lock icon Ruling party heads for victory
      34 18 UPI EARLY unofficial results yesterday show the ruling Egyptian National Democratic Party headed for victory in nationwide parliamentary elections which the opposition claimed were manipulated by the government. UPI
      UPI  -  34 words
    • Article
      Lock icon DAP calls for referendum
      32 18 AFP MALAYSIA'S opposition Democratic Action Party (DAP) yesterday called for a referendum to decide whether the Malaysia-In-donesia agreement to import Indonesian labour should be ratified and implemented. AFP
      AFP  -  32 words
    • Article
      Lock icon Visit to reassure Arabs
      42 18 AFP SRI LANKA's foreign minister is expected to visit Arab countries soon to reassure them that Colombo's decision to allow Israel to open an interests section in Colombo did not indicate a slip in its support for Arabs.
      AFP  -  42 words
    • Article
      Lock icon In praise of communism
      44 18 UPI A TAIWANESE pilot, Li Daowei, who defected to China a year ago in a single-engine military plane yesterday praised life under communism, urged his colleagues to fly home and said his only regret was being separated from his family.
      UPI  -  44 words
    • Article
      Lock icon Threat of mass kidnappings
      40 18 Reuter LEBANESE police and troops yesterday slung a cordon around the American University of Beirut following a warning from US intelligence that pro-Iranian militants were planning mass kidnappings of Americans on and around the campus. Reuter
      Reuter  -  40 words
    • Article
      Lock icon NZ freezes interest rates
      47 18 AFP NEW ZEALAND yesterday imposed a three-month cut and freeze on interest rates across the economy. Prime Minister Robert Muldoon said that all new retail lending will be limited to no more than 15 per cent interest for the next three months. AFP
      AFP  -  47 words
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      Page 18 Advertisements Column 1
      179 18 Asian Inspection S&a Repair Maintenance Exhibition Conference^ for the offshore and marine Industries 26 February 1 M»rch 1985 World Trad, (*ntr. A Sin9.po\ About the Exhibition For the first time in Asia, visiting engineers offshore and marine operators, oil companies, R&D specialists and technical professionals will have a unique opportunity
      179 words
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      Page 18 Advertisements Column 2
      237 18 Bound to Please from the THi is: n m C West Germany Model Combt CM-4 OmC West Germany Model Combt SPI Borneo Spiral Binding is the ideal answer to all 360° opening and 'flip-over' binding requirements. The finished product provides a binding that is clean, light and not easily damaged
      237 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      59 18 WMsm Outlook for today: Showers in o j oreos in the lote morning ond ofternoon. 7 vw!l^ r^. 24 0o ours pn f *> 30pm on May 28 at the airport: Maximum temperature 31.2 Associated humidity 6£ Minimum temperature 24.4 Associated humidity 94 Hours of sunshine 3.70 Rainfall in millimetres
      59 words
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  • SHIPPING TIMES
    • Article
      Significant drop in piracy at FE and W African regions
      259 19 THE INTERNATIONAL Maritime Bureau has reported a dramatic drop in piracy in the worst black spots of piracy the Far East and West Africa. Since June last year, only seven attacks were reported in the Far East. The latest raid
      259 words
    • Article
      Asean owners to operate joint bulk service
      434 19  -  By G OURAIRAJ THREE shipowners from the Association of Southeast Asian Nations (Asean) have agreed to pool their vessels to operate a joint bulk shipping service. The venture appears to be a positive outcome of cooperation initiated by the Federation of Asean Shipowners
      434 words
    • PORT SIDES
      • Article
        Lock icon BAF changes
        57 19 Reuter THE JAPAN-Latin America East bound Freight Conference, the Japan-West Coast South America Freight Conference and the Japan-Mexico Freight Conference said they will increase the bunker adjustment factor (BAF) to U5520.50 per revenue ton from $20, effective June 10. They said the increase is due to the rise
        Reuter  -  57 words
      • Article
        Lock icon Oriana at Yokohama
        58 19 AFP THE 41,902-TON British luxury liner Oriana, on a 34-day Pacific cruise, sailed into Yokohama port yesterday for a stopover with some 1,340 passengers, mostly Australians, aboard. The cruise, which began in Sydney on May 19, includes port calls in South Korea, Taiwan and the Philippines before
        AFP  -  58 words
      • Article
        Lanka buys tanker
        90 19 LANKA TANKERS has bought a 126,996 tonnes deadweight tanker to replace the 30,278-tonne Tammanna which has been sold for scrap to Pacific International Shipping of Singapore for U*****,250. The chairman of the Ceylon Petroleum Corporation, Mr Da ham Wimalasena, said the corporation has been using the Tammanna
        90 words
      • Article
        Lock icon Darwin container port
        163 19 Interna tional Transport Journal DARWIN in Australia has started operations as a container port, and the port is now so developed that it can accommodate all kinds of container ships for loading and unloading. The north Australian port adds to Australia's list of container terminals. Work on
        Interna tional Transport Journal  -  163 words
    • Article
      INDEX TO ADVERTISERS
      621 19 Shipping U— Cot Abex Transport IV 4 Afea VI 3 Ahrenkiel Liner vn 5 Alpac VI 5 An Lara Shpg IV 1 A PC Line V 4 APL m 4/5 ASCL m 1 Asia broker V 5 Austasia Line V 1 Bait-Orient vn 4/5 Bangkok Cont VI
      621 words
    • Article, Illustration
      Lock icon Savings with microchips
      1461 20 Ocean Voice IT HAD TO happen, of course. The day that man became computer controlled, when a seaman's daily duties were directed by a microchip rather than his ship's master. Yet, in one of its most significant applications to date, it already looks as though the effect
      Ocean Voice  -  1,461 words
    • Article
      LONDON FREIGHTS
      1154 20 THE freight market was very quiet on Friday with confirmed business in the Atlantic indicating that an easier sentiment had crept into that sector brokers said. For example the rate of U5512.50 was paid to a vessel with 30,000 long tons from US Gulf to Casablanca against last
      1,154 words
    • Article
      Lock icon Sea-Land to operate as an independent company on June 1
      676 20 Seatrade SEA-LAND SERVICE wil] become an independent company on or around June 1, in accordance with a plan approved by the R J Reynolds board of directors at end-April. The plan is the product of many months of research, analysis
      Seatrade  -  676 words
    • Article
      CONSORTIA
      192 21 THE MAJOR shipping consortia operating between the Far East Europe, Far East Persian Gulf, Straits ports Australia, Straits/Japan and the member lines: ACE (FAR 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
      192 words
    • Article
      Lock icon US Shipping Act may cause trade rift with Japan
      524 21 Lloyd's List NEW WARNINGS that Japanese shipping operations to and from the United States are threatened because of retaliatory measures in the US Shipping Act were given in Tokyo last week. The act, due to become law next month, looks like
      Lloyd's List  -  524 words
    • Article
      Opening of APL's San Pedro terminal
      307 21 THE PORT OF Los Angeles and American Preside nt Lines last week opened the largest singleoperator container terminal on the United States west coast. The 115-acre APL terminal, located in the port's west basin berths numbers 121-126 in San Pedro, was built in anticipation
      307 words
    • Article
      Lock icon Wool shipping rates to be cut by 20 per cent
      209 21 Reuter AUSTRALIAN wool container, or box, shipping rates will be cut by 20 per cent effective in 1984 85 beginning next Sept 1, Australian sources said. They said this was agreed at negotiations between the Australia Europe Freight Conference and
      Reuter  -  209 words
    • Article
      Queen Mary's role
      121 21 AFTER FIFTY years, the former Cunard Atlantic liner Queen Mary survives as a conference centre and hotel at Long Beach, California. Less well-known, but equally sturdily built, her original tug/tender continues to provide a passenger srvice between Galway and the Aran Islands. The 702 tons gross Calshot
      121 words
    • Article, Illustration
      SHIPPING LIST where your ships are due...and when
      6651 26 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 Singapore.
      6,651 words
    • Article
      CONTAINER SCHEDULES
      650 27 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship B Angsana Siri Bhum N Zircon L Srimathi Maersk Rando As Ptutus Ming Fortune Ned Dejima Anson Anderso Nan Hwa Pingdingshan Sea Hawk Takari 1 Chev Paul B Butang Anni Johnson Lampung Family Ace B Dahlia B Melati Al
      650 words
    • Article
      Untitled
      1653 27 The leading shipping lines operating from local ports and their agents. A-B AFEA African Shipping Agencies »Si Afr»-Earasla liar Trans group <Si Akrrsklrl Liner Servtee Kim Shpg (Si ABwd C Tsepfor Ocean as Shipping Agen cy (S) Marintex Enterprise (PK). tipnr Ln i rase a (S) Bintang Shpg (KL) Island
      1,653 words
    • Article
      SHIPPING EVENTS
      730 28 May 28-Jue 1 3rd International Congress Athens '84 organised by the Hellenic Institute of Marine Technology, at the Evgenidion Foundation, Athens, Greece. May SI Maritime law, an Institute of Maritime Law evening seminar, The Queen's Room, Baltic Exchange (details: Institute of Maritime Law, Faculty of Law, University of
      730 words
    • Article
      SHIPS IN PORT
      541 28 AT CONVENTIONAL WHARVE8 Vessel Berth KEPPEL WHARVES Dmitriy Gulia 15/6 Ever Venture 25/6 Iran Vahdat 47 Santa Fe 46 Sphinx 18 Builder 22 Foochow 23/4 Kota Angkasa 25/6 Kota Cantik 46 Potsdam 10/11 Straits Pride 20 PASIR PAN JANG Agent S'pore Sov Sankyo Slnose J Manners LN
      541 words
    • Article
      Lock icon TANKER RATES
      321 28 AFP THERE WAS no alleviation of the problems of tanker trading in the Gulf states area last week as the situation remained extremely difficult with further tonnage being attacked and sunk. But in spite of the latest round of "incidents". Chevron, the US oil company, fixed a very
      AFP  -  321 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      317 19 REACH YOUR AUDIENCE EFFECTIVELY ■times® lUisiiK'ss Directory of Sin&i|>orv [KMKD3 I \KI)|\I W I Ml FULLY CONTAINERISED SERVICE 10 Eu'ROPE VIA SUE/ 3/6 0200 HRS 2/6 1400 HRS 10/FPOM NOOTH AMERICA WEST/EAST COASTS HK LJiic 0 MTBOT 131 u/s 23/5 10/6 <mm OK «5£ 20/5 29/5 18/6 aONDMOiIK 31/5 7/6
      317 words
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      Page 19 Advertisements Column 2
      419 19 i t UASC UNITED ARAB SHIPPING CO SAG) NATIONAL LINE OF BAHRAIN. IRAQ. KUWAIT. QATAR. SAUDI ARABIA AND UNITED ARAB EMIRATES EXPRESS MULTI PURPOSE SERVICES FULLY CONTAINERISED SERVICE KKO\I JAPAN TAIWAN HOM.hOM. AL HRQM V.S* M. MNUYM4 1.7* M. NAJBA »J+ M. MMMKH ALSO CAUMG HA6OTA HAKATA HQ sraK 11/5
      419 words
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      Page 19 Advertisements Column 3
      850 19 &0 FESCO LINES FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA, USA CANADA. Agent: Singapore Soviet Shipping Co Pte Ltd TEL: *****3 LINE EXPORT FASTEST SERVICE TO USA EUROPE I K^ ST AN APA. INI AND POINTS jv SBilWJr* 7 3 14-14/6 21-21/6 21-21/6 •-9/6 15-16/6 22-23/6
      850 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      231 20 FAR EAST/EUROPE CONTAINER SERVICE I! From Eur op# mmamnn Spn JlMfceilles 2) Rdam I 3) Hburgl 4) Gburg KHMi B SUM toyama I M HOUTkUN UTIAfOU i B PtRMAI NHON KOMttGAK N DCLFT 1) Barcelona Genoa. 2) Amsterdam. Antwerp. L.Htvre. Baste. UK. 3) Bremen Bremertiawn, Ajrhus. Copenhagen Helsinki 4) Malmo
      231 words
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      Page 20 Advertisements Column 2
      406 20 USA/CANADA fm*T m fimi »ct aiXT *a zz/» M/» ASIA N a/7 26/7 HMOK M 5/7 M/ 7 1/0 2 Also accepting LCL Cargo for USA Porto only. TOHGONMU (CD CLOOT ttoo icc«pbni *16/371 *14/377 *31/371 *•5/371 JcWutAta Utah nn in is/« io/o l/l 25/7 2VO 20/0 31/1 11/7 12/7
      406 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      754 21 CONTAINERSHIP SERVICE TO UK CONTINENT TffTT) I ll> Vv k. a k'Ji'a CONT AINERSHIP SERVICE FROM UK CONTINENT pcgasuspm* pegasus pm* STORE b#art/30 May HIWI Brm Ktm It Hi Sum P KiUnf Sport lt.il h SaM M hM faM bM 27/S 21/5 WHS UM SaM SaM SaM UM M/( M/f
      754 words
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      Page 21 Advertisements Column 2
      83 21 EiC EAC LINES BULR/BREARBULR SERVICE DIRECT MONTHLY SAILINGS US EAST COAST/GULF PORTS MLOBMG BELAWAA taacMuff PADAM6 RORFOU PASCAGOU.A HEW ORLEANS SUMBANA RJN 4-7 JUN 9-12 RJN 13-14 IUN 1719 U 30 AUG 2 AUG $-7 AUG 9-11 SBONGA U 5 9 JUL 12 IS U 1711 U 19-21 AUG 31
      83 words
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      Page 21 Advertisements Column 3
      569 21 NOTICE M.V. 'CHIDAMBARAM* VOYAGE: 199 SAILING: 318T MAY 1994 MV "«^li»i«u. SS u n9erS intending to travel by l*¥. CHIDAMBARAM Voyage 199 that due to change ,n .tmerary the vessel would now be sail.nq from Singapore on 31«t May 1994 instead of our earl,er advse of 30th May 1984. AH
      569 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      584 22 r Hapag-Lloyi TO CONTIff NT UK Bay Eiprtu la/f M/ tnwn 2C/C 20/0 Muni Eiprtu C«4(M BIT 12/7 14/7 21/7 23/7 EXPO* Connecting m Tokyo Connecting in Kobe "AKo accepting corgo for ATLANTIC GULF PORTS via mmrfondbridge, and US MID-WEST by mtcrobfidge" FROM CONTINENT UK Branw Eiprtu SM Eiprtu Sd
      584 words
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      Page 22 Advertisements Column 2
      417 22 m sra FULLY CONTAINERISED SERVICI 26 6 ?8 6 1/7 3/1 9/1 11/7 m JLLY COWTAINERISED 10 FROM NQfUH AMfRICA MSI COASJ BU I Beach CMon NYC St Join hit CI 22/6 1/1 U/2 22/7 24 7 27 7 K 29/6 15/7 27/7 30/7 1 8 4S f FUtIY COWTAINQWIStD
      417 words
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      Page 22 Advertisements Column 3
      588 22 <11 evergreen line I, E I I FAR EAST/EUROPE CONTAINER SERVICE ACCEPTING FCL ICI CWCOToS WP mi *G fl* ROM tNW IHV fml,™, loot U/K 30 Oi 12/17 <4/07 (*0? 01/07 Ew-GoHw 14 Ot IVM MO7 01/07 10/07 |l/#7 u/07 f»«t Glob* 2S/M X K 17/07 U/07 21/07 22/07 24/07
      588 words
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      Page 22 Advertisements Column 4
      356 22 Kit GWAN SNIPPING (M) SON. BHD No 2« A I ALAN BERANGAN PORT KELANG. SELANGOR. MALAYSIA TEL Hoi 3M712 3«6435. *****2 *****4.*****2.*****7 w. MALAYSIA/S PORE TO E. MALAYSIA SERVIEFS TGAMBELA tHATI SENANG TKITA THATI BAIK KKblu. S'kan Tawau KKblu. S'Kan. Tawau KKUu. S kan KKblu. S'kan. Tawau P KLANG 1
      356 words
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      Page 22 Advertisements Column 5
      316 22 SHIPPING TIMES, Tuesday, May 1984 US I NOSE u MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Sinfaporc RAN BORHAN 12/5 iMdmt B. Abbas. B. Khomeri PORT MIUIG PENANG StIOSE MARITIME PTE 110 TEI *****44 7 t *****70 MAiOSE MARtTMf SON BHO id *****2 3 MALAYSIA TRADE
      316 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      617 23 PIL GROUP EAST AFRICA/REDSEA SERVICES VESSEL KOTA WANGS A KOTA MURNI KOTA AGUNG KOTA SEJATI KOTA SALAM VOYAGE E-501 E -505 E-507 E-509 E-Sll SINGAPORE lnPl-2/6 1-4/S 15-20/# 1-3/7 S-10/7 LOADING FOR: JEOOAM BU °AN, ADEN. MOMBASA. D'SALAAM MOGADISCIO. HOOEIOAH. ADEN, AQABA HOOEIOAH, JED DAM, AQABA. PTSUOAN. MOMBASA. D'SALAAM HODEIDAH,
      617 words
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      Page 23 Advertisements Column 2
      265 23 VESSEL KOTA MDAH KOTA HMWUM KOTA BAHAGU KOTA BERLIAN MALAYSIA SHIPPING CORPN. SON. BHD. VOY. PENANG 4/14 5/«4 5/14 8-10/8 5/«4 P. KELANG LOAOMG FOR M PT-29/5 KUC/TA/KK/ LBN 31-10/8 KK/SKN/TA 11-18/8 KU/KK/SXN 14-19/8 KK/SKN/TA Agents SINGAPORE Pll P KfIANG SFLATAN AGFNCY KL SELATAN AGENCY PENANG LEAN BFF &CO TEL
      265 words
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      Page 23 Advertisements Column 3
      810 23 BEN LINE CONTATNE EXPRESS CONTAINER SERVICE TO/FROM EUROPE FROM EUROPE Hawbwj fipTni Kurama tbm I oka Eiprett Benaror t*onj (ipress Cardgari Bar >JU(i Maru [ipresi HAM BHAffN S aied Saied Saded Saded SHed Saded Saded Saded 4/6 S/C 11/6 13/6 12/8 14/6 16/6 II t 19/6 22/6 RDAM HAVRE Saded
      810 words
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      Page 23 Advertisements Column 4
      544 23 DJAKARTA LLOYD INDONESIAN NATIONAL LINE EXPRESS SEMI-CONTAINER SERVICF TO/FROM EUROPE MATARAAI V9WB 25/6 BAAB UIIAH V7WB 5/7 PKELAMGTR.BURY/ R'DAM WBWG/ ANT NEW LDN ADAM BSE MEN 20/7 22/7 24/7 27/7 WE ARE ACCEPTING BOTH CONTAINERS, CONVENTIONAI CARGO AND BULK LIQUID CARGO FOR BOTH IMPORTS Aft EXPORTS AND ALSO TO/FROM U.K.
      544 words
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      Page 23 Advertisements Column 5
      556 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION Ponn V 72 Htontowywo Pogon V 75 PKoshwegyowywo Loading 'or Rangoon S pore P Kelorvg Penong S'pore 10/12 June 15/17 June 20/22 June 28/30 June \> BANK LINE EXPRESS INDEPENDENT SERVICE TO UK/CONT ISPORE I R'DAM HULL HMBG IVYBANK 23 June 17
      556 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      826 24 kECUADOR/PERU/CHILE FEEDER/ MOTHER WL STORE KOK OJATH JOMOK WOGE *31 UNTO FACAST* VI4IS 1 kai Kt, M M CENTRAL AMERICA /CARIBBEAN SEA FEEDEI/VSL MOTKR VSL STOK KOK M'ZAM WHORE BROS HI VSL 1 km 2i km it u ALSO ACCEPTMG PUERTO QUETZAL (23 U) S LORENZO (27 IJl) SAN JUAN
      826 words
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      Page 24 Advertisements Column 2
      510 24 f.ln! III! 111 llT^m i.** 1 w mi 1 5 I Accetrtmi Container I BteatbuU s* coißTurni i4/i Acctptiin Contawtrs Only S.A VAAL 571SF 12/4 NTD COLOMM VtOllF 27/6 Durban Bay CTmm El* Maputo PA 26/6 1/7 19/7 VI 25/6 30/6 21/ M/ 7 15/7 13/ WW/ SHPPWG AGENCf S
      510 words
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      Page 24 Advertisements Column 3
      671 24 'w a CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS COMTAINER/REEFER/ BULK SERVICE loxhnf IOS ANGELES SAM FRANCISCO SEATTLE lACOMA VANCOUVER BC •ccephnf fa/Fa Contaatrs Mr Sri. \fsr AUSTRALIA EXPRESS CONTAINER SERVICE Acctpkni fa/ra CMmn Aha acctphmf Iran P Rtianf lor Auch M/ltf PN—«- ttm M $I*l Akaacc*, M r M hint 70
      671 words
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      Page 24 Advertisements Column 4
      568 24 SANKO ASIA FROM JAPANESE PORTS ANO HONGKONG 1 TEA AD 2 RAM TRIOR 3 BEROMARI 4 REGENT RANGER 5 FUKUZAKI MARU S GREAT MOUNT 7 SITI NORMS S«(aporc GON 19/29 May 31/1 iun 2/4 lun 9/10 Jin 10/12 km P Kebn( In Pt/29 May to Pt/29 May 29/30 May 2/3
      568 words
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      Page 24 Advertisements Column 5
      556 24 INTRASEA (PTE) LTD. 10 Anson Road »27 16 International Plaza Singapore 0207 Tel *****1 1 (1 0 Lmesl VOIASIA-Uai o BREAKBULK SERVICE TO EUROPE/UK KONMR THETIS *****06 S pore P KeUn{ Load** for 30/5 2/6 ANT ROTT U K gg ALPAC LINE PS S pore P Kelang loada* tor •"fort
      556 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      608 25 TO EUROPE/UK (VIA SUEZ): SS BRIDGE 46*. C ROZE 39*. Als° accepting cargo to/from Scandinavia 0 CHIEF S pore Closing Times: FCL Cargo 1400 3/6 FROM EUROPE (VIA SUEZ) ICI 20 3/6 CROZE 3tt N GARNET 19£ MAETERLINCK lE.. K CHANCE 17E TO AND FROM AUSTRALIA: Anro SURABAYA. JAKARTA..... SINGAPORE
      608 words
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      Page 25 Advertisements Column 2
      657 25 HEUNG-A SHIPPI Korean Flag Vessels SE !f"S ONTA,MEmsE D DIRECT SERVICE TO lAMGKQK. KEELUNG BUSAM INCHON J/« 7/6 MM tVi u/i n/t 1/7 t/7 n/7 n/7 U/7 2C/7 M •''JW NtPJUNI AGJNCKS PII UO Tel 7/899?; ?/***** 'Booing, *****10 *****77 i Operations) *****S 7/ *****84 (Ternwull *****50 *****04 (CfS) MAUf
      657 words
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      Page 25 Advertisements Column 3
      993 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD 010 V**~ Numbm *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS 2510S f. KELANG M/S SHARK AT NAH SOON SON BM) IST AND 2ND FLOOR NO 1 JALAN CEMPENMG PORT KLANG. MALAYSIA Tel *****6/8 Trte« No *****
      993 words
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      Page 25 Advertisements Column 4
      52 25 ahrenkiel liner service gmbh DURBAN. JOHANNESBURG. MAPUTO. MAURITIUS REUNION WESTBOUND BEL A MONDO 9W/84 PT LOUIS DURBAN 16/5/84 ETD ETD ETA R BAY DURBAN SIN ALS CONFIDENCE SE/84 17/5 23/5 8/6 Agents: Kim Shipping Trading Pte Ltd 63 Market Street. #08-06 Tat Lee BWg S pore 0104 Tele* R*****7 KIMTRA
      52 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      655 26 I?r;|iwtal Container Lines y»y|jp|fj 2 Sailings Weekly v Reliable Regular Punctual Berthing PS A 1500 Hrs Tuesday Saturday REGULAR FEEDER SERVICE TO PHUKET/SOMGXLA ¥0Y STOW 113 1M 10 km SINGAPORE ISLASDS USE MIDDLE EAST REGULAR LINER Sport PK SHAH 21/j0 lb, (Mawitian Flag) KASU6A MMU |/1« km KUSU 151 AND
      655 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      86 27 LICOIINE M} French Line REGULAR AGENTS SEALKM SHPPMG (S) PTI LTD. SJNGAPORf SALES/BOOK MGS TEL *****11 (t LICS M/V ANJOU VSIS4 M/V ARMAGNAC V6IS4 M/V ARTOJS V7LS4 ?9/5 31/5 5/7 8/7 19/7 21/7 SPOKE Sailed 19/5 13/6 23/6 3/7 8/7 DIRECT FULL CONTAINER SERVICES amni turns ORIfNIAI SMWINOS lINfR AGlNfr
      86 words
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      Page 27 Advertisements Column 2
      226 27 Scan Dutch To Europe (Med/UK/NC/Scan) P. KELANG SINGAPORE ACCEPTING SAILING 1) MARSEILLEB 2) ROTTERDAM I 3) HAMBURG 4) GOTHENBURG Anson Sid Anson 31/5 Anson 7/6 Anson 14/6 Anson 21/6 Anson 28/6 6 Kefliumng Sid B Butang 1/6 B Kemumng 8/6 B Butang 15/6 B Kemurwng 22/6 B Butang 29/6 Korrigan
      226 words
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      161 28 Regional Weather s ■s' 0. V, n: yj S* Si SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °c Temperature v y Shower Weather Wind direction with speed in knots Rain Cloudy Sky Wav Snrfaee wUt are indicated by arrows which fly with the
      161 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Silver linings in the cloud
      1069 29 THE MAJOR banks of America and Europe are staggering under the burden of their rash loans to improvident countries and desperately tailoring complex schemes to rescue the hardest hit of their brethern. Against such an international background and with the looming danger of a collapse
      1,069 words
    • Article, Illustration
      Small industries finance — from $8m to $92m
      1172 30  - Small industries finance from $8m to $92m Stories by CHUA SOO TIAN s by CHUA SOO TIAN, divisional director (industry) of EDB ADEQUATE financing is a problem faced by all businesses, big or small. However, small industries the world over seem to be inherently disadvantaged, and their governments have had
      1,172 words
    • Article, Illustration
      EDB's bagful of schemes to nurture entrepreneurs
      770 30 THE PROWESS of Singaporeans as entrepreneurs in trading, hotel and real estate development is commonly acknowledged. The same entrepreneurial spirit, however, has not been successfully applied to the industrial sector. Our economic planners did initially try to depend on local entrepreneur-ship in our
      770 words
    • Article, Illustration
      What chairmen of Big Four have to say
      421 31 Yong Pung How, OCBC OVER the last half century, the bank has built up a strong and solid base. With this base, we will now be able to move ahead, keeping abreast of demands dictated by an increasingly competitive business environment and
      421 words
    • Article, Illustration
      Lock icon He who plans ahead will get a larger share of the market
      1424 31 Keen competition and soft property market will dampen spirits HOCK LOCK SIEW IT MAY SEEM like saying the obvious. But banking is, after all, a business. And like most other businesses, it depends to a very large extent
      HOCK LOCK SIEW  -  1,424 words
    • Article
      Innovation plays key role in determining merchant banks' future
      1866 32  -  The 51 merchant banks in Singapore are finding it increasingly tougher to chalk up higher profit growth rates. The situation is becoming a matter of survival of the fittest, with competition not only among themselves but also from other financial institutions.
      1,866 words
    • Article, Illustration
      Finance companies at the cross-roads
      1672 33  -  Need to shift emphasis to commercial financing The future does not look all that rosy for Singapore's 34 finance companies. Housing loans the bread-and-butter of the finance companies are threatened by the weakening property market and the entry of banks into this business. The industry's
      1,672 words
    • Article, Illustration
      Pamper depositors and pay court to corporate customers
      1542 34  -  By AMY BALAN THE Post Office Savings Bank is going to find it more and more difficult to better its performance. Its impressive success record in providing innovative ideas and service to the convenience of customers only generates further expectations of greater
      1,542 words
    • Article, Illustration
      Stage set for discount houses to play different roles
      1114 35  -  Tapping new sources of funds and seeking out new avenues for expansion By TAN MONG TONG general manager of National Discount Co Ltd DISCOUNT HOUSES have grown to full maturity since their inception in 1972 and are now set to face
      1,114 words
    • Article
      Trend is towards term insurance
      876 36  -  Life insurance is a basic necessity. Without it, a family can be put to a tremendous hardship on the death of the breadwinner it he was not properly insured. In spite of all the difficulties, life insurance business will increase as there is still a
      876 words
    • Article
      Tax rules on annuities need amendment
      791 36 THE REPORT of the Committee on the Problems of the Aged mentioned that a part of Central Provident Fund money should be utilised towards making life annuity payments to the member. The insurance companies can play an important part in this respect by issuing
      791 words
    • Article
      Agents must be professional in approach
      237 36 LIFE INSURANCE is a commodity which is sold and not bought. It very much depends upon an agent what type of policy he wants to sell. A professional agent will assess the need and requirement of a prospect and then sell him a suitable
      237 words
    • Article
      Nature of CPF scheme will determine effects
      118 36 IT IS DIFFICULT to say how the proposed Central Provident Fund life assurance scheme will affect the insurance industry. If the intention is to cover the young members for small amounts so that the bereaved families are not put to severe hardship, the
      118 words
    • Article
      Diverse influences all taken under cover
      1046 37  -  A SURVEY OF THE SINGAPORE INSURANCE INDUSTRY By PETER LEE manager of QBE Insurance (International) Ltd THE PERFORMANCE of the insurance industry in Singapore will follow, broadly, the pattern of the world economy. Singapore has been fortunate to a certain extent, or perhaps through
      1,046 words
    • Article
      Where cooperation is at a premium
      1140 37  -  By MOSES PHUA By MOSES PHUA, deputy chief executive London Guarantee Reinsurance Co Ltd's Asian office A REINSURANCE company may be defined as a specialist insurance company that depends solely upon the transaction of reinsurance business. This means that the company does not underwrite
      1,140 words
    • Article, Illustration
      Oversupply proves to be necessary evil
      1312 38 The overall view of all sectors of the property market is soft. Based on current economic and business trends, it would appear likely to remain the same for the next few years. Prices have fallen across the board and, as one of the basic
      1,312 words
    • Article
      Property around MRT stations rated higher
      107 38 STUDIES have shown that property values within a radius of about 500 metres from a MRT station are enhanced. Over in Hongkong, studies have said the appreciation is in the order of 20 per cent. It is this writer's view that in a rising
      107 words
    • Article, Illustration
      Getting the best housing loan package
      997 39  -  Stories by ALVIN TAY ZHUN Nl and HSIAO FEN plan to get married in one year's time. They have decided to buy a new luxurious condominium apartment. Zhun Ni has visited Credit POSB, Citibank, DBS Bank and Hong Leong Finance to ask about a
      997 words
    • Article
      How to use the CPF residential scheme
      976 39 THE Central Provident Fund's approved residential properties scheme was introduced in June 1981 to help CPF members buy private residential properties. Here are some questions which you, a buyer, might ask. Q: How can I use my CPF savings under the scheme? A:
      976 words
    • Article, Illustration
      Banks gear up for cashless society
      1092 40  -  The cashless society is a phrase bandied around from ministers to bankers to the average man in the street. Almost a term synonymous with electronic banking, but not quite, it is an objective to aim for because it means convenience and security. But how
      1,092 words
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      Call it anything you like, plastic cash or debit card
      920 40  -  mmim By A P LONG, CHATS coordinator (Hongkong Bank) SCENARIO: A typical day in the life of Chan Sing Wong. "Chan Sing Wong puts his plastic card through the card reader connected to his television set. After keying in his
      920 words
    • Article
      JAPAN
      154 41 Still cash? JAPAN is still very much a cash oriented society. Till very recently the Japanese received their wages and made payments almost entirely in cash. They are only beginning to be paid through the banks. Most leading companies there now use a direct credit system for their payroll
      154 words
    • Article
      FRANCE
      163 41 Quite smart AMONG the contenders for leadership in the cashless society is France, who is banking on her experiments with the "smart" card. The basic feature of the smart card, also called the memory card, is a semiconductor chip that is embedded in it. The advantage of the chip
      163 words
    • Article
      More than 45 billion cheques
      501 41  -  mmm •y KOH SEE HEONG E HEONG, marketing manager of IBM Singapore LAST YEAR Americans wrote more than 45 billion cheques. The payment system in US is primarily based on cheques together with credit cards. The credit card system started with cards issued by the
      501 words
    • Article, Illustration
      Brown is back to chart the future of bank
      953 42 Mr Michael Brown and Mr Lawrence Briggs recently took over the top posts of the Singapore branches of Chartered Bank and Bank of America respectively. Mr Brown is no stranger to Singapore, as he first worked in Chartered Bank here 25
      953 words
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      An opportunity hard to resist
      634 42 THE LURE of Asia in ancient times brought many a traveller and a merchant to forsake home and family for the excitement and opportunity of the unknown. Today, many are still lured to this part of the world, but for different reasons. One particular group
      634 words
    • Article, Illustration
      Green with envy
      910 43 BANK of Communications must have become the envy of the numerous international banks operating in Singapore. The sole development bank of Taiwan set up a restricted banking branch last year, the first bank in six years to receive such a licence from the Monetary Authority of Singapore.
      910 words
    • Article, Illustration
      Hongkong Bank professionals with money Hongkong Bank professionals with money
      1072 43  -  Buildings seem to get younger. The two pictures show the second generation prewar Hongkong Bank Building (right) and the new third generation Hongkong Bank Building. The two buildings stood proudly on the same site 21 Collyer Quay. Mr J A
      1,072 words
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      Second largest finance company aiming for top spot by 1990
      1558 44 QUESTION: At DBSF's 12th anniversary dinner, the president sf DBS Bank, Mr Choa Kim Yeow, said DBSF aims to become the foremost finance company in Singapore. Are there any strategies or plans that have been laid i oat to achieve
      1,558 words
    • Article
      Physicals needed to boost futures
      1483 45  -  Singapore may yet find a place among the world's majors London, Zurich, New York and Hongkong have outshone the local gold market notwithstanding the incentives and encouragement given by the government. But it need not be so In particular the development of a lively physicals
      1,483 words
    • Article, Illustration
      Good quality stones can be counted to pull their weight
      610 45  -  By KOH FOONG YIN Manager, Diamond Management Singapore THE DIAMOND market is emerging from its worst recession in 50 years. Diamond prices have been under pressure since 1981 when an upsurge in interest rates and the prolonged global recession that
      610 words
    • Article
      Carte blanche for efforts to improve labour productivity
      888 46  -  By KOH JUAN KIAT, CHEUNG YAN HONG of the National Productivity Board THE Economic Survey of 1983 shows that productivity increased by 5.2 per cent compared with 1.1 per cent in 1982. The financial and business sector registered a growth of 9.8
      888 words
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      Quality control circles come to banks
      570 46 TRAINING IS another important facet of the Productivity Movement. Without better skills, better knowledge and good work attitudes, the Movement cannot succeed. In 1983, 9,800 participants attended NPB's certificate/diploma courses, short courses on specific skills, seminars and workshops. Compared with 1982, this was an
      570 words
    • Article, Illustration
      Insurance training body assuming a far greater role
      1711 47  -  Over time, SITC's activities will contribute towards Singapore's ambition of playing the role of a brain centre in the region By ZHOU MEI NOW INTO ITS 10th year, the Singapore Insurance Training Centre (SITC) is on the threshold of assuming a far
      1,711 words
    • Article, Illustration
      Lock icon Round 4 and money is not getting cheaper
      1473 48  -  MAS apparently wants interest rates low but it looks like foreign influences are winning again. Alvin Tay says a fourth round of prime rate increases is in the offing Alvin Tay MANUFACTURERS, exporters and borrowers who are still in a daze following
      Source: Department of Statistics, Singapore  -  1,473 words
    • Article
      Infocash for the transfer of funds
      676 49  -  By RICHARD CORRIGAN CORRIGAN, Manager, Trade Finance Chaae Manhattan Bank GLOBAL Galactic Shipping, a container ship operator based in the region, manages liners which call on ports in the United States. Their ships regularly pass through the Panama Canal and are therefore required to
      676 words
    • Article, Illustration
      Call to widen tax concession
      1719 49  -  Prospects bright for fund management By GERHARD WEHR Vice-President General Manager, Chemical Bank International Private Banking FUND management or investment counselling by a professional organisation is a fast expanding segment of all leading financial markets. Owing to de-regulation in financial markets such as the UK
      1,719 words
    • Article, Illustration
      From prime US paper to Ginnie Maes
      940 50  -  The Asian dollar markat was launched in October 1968 Fr m m a re bate of only US$3O.5 million at end-1968, it hat grown tremendously to US$ll6 6 billion at the end of March. Today, a total of 160 Asian currency units is
      940 words
    • Article, Illustration
      Japanese dominate FRCD market
      233 50 FLOATING rate US$ negotiable certificate of deposits were first issued in the Asian dollar market in November 1977, shortly after their introduction in the Eurodollar market. Against a background of increasing interest rates, the Asian dollar market responded quickly to the growing significance of the FRCD.
      233 words
    • Article
      Meet the top manager
      182 50 DAIWA SINGAPORE, previously known as DBS-Daiwa Securities International Limited, is one of the pioneers in the Asian dollar bond and FRCD markets. Together with parent company Daiwa Securities, it was responsible for launching the first two inaugural issues the DBS B'/2 per cent bonds which matured
      182 words
    • Article
      Entice big boys to join in the action
      220 50 THE ASIAN dollar bond market needs more institutional investors such as life insurance companies, pension funds and investment trust companies. There is a need to promote Singapore as a fund management centre. The Government has taken a step in this direction when
      220 words
    • Article
      Secondary market growing from strength to strength
      133 50 THERE has been much criticism about the undeveloped Asian dollar bond secondary market which has yet to reach the maturity of its Eurodollar counterpart. But it is gratifying to know that it has developed considerably. The issues have grown in size and have
      133 words
    • Article
      Asian borrowers manage to wrangle low-priced loans from cautious lenders
      1439 51  -  By DAVID KELLOGG regional business manager, Citicorp Capital Markets Group LOAN syndications in South-east Asia are evolving in several directions. There are: LOWER volume of syndications, particularly by the private sector. GREATER use of local currencies as an alternative to
      1,439 words
    • Article
      Coming to terms with risk and return
      1191 51  -  By JACQUES WEBERMANN, manager for international finance, Credit Lyonnais General syndicated loans in 1983 THE ASIAN/PACIFIC region, as a whole, has been identified as a relatively high growth area compared with the Western economies. The demand for loans to finance the region's development
      1,191 words
    • Article, Illustration
      Dawn of a new era
      1482 52  -  By YEONG WAI CHEONG, assistant general manager of Simex FINANCIAL FUTURES have come a long way in a very short time. The markets have grown so dramatically in the last decade that they now command the attention, and involve the participation, of significant players in
      1,482 words
    • Article, Illustration
      Countdown for the launch of financial futures
      466 52 THE COUNTDOWN has begun for the launching of Singapore's financial futures market within the next two months. Final administrative and technical preparations are in full swing to ensure the smooth take-off of the market which will be linked to Chicago under the mutual
      466 words
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      275 29 A A In the world of international hanking, our name makes a difference. For over one hundred years, the name American Express has meant excellence in personal service. Today, with the added strength of affiliated Trade Development Banks, American Express Bank continues this tradition by offering an array of financial
      275 words
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      220 29 INSIDE Small Industries Commercial lenders tend to rote smoll businesses as High risk borrowers but there is o government scheme to ensure adequate funding for small manufacturers. Page Two The Big Four HOCK LOCK SIEW ossesses what the coming year has in store for the big four local banks. Page
      220 words
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      116 30 A a a*. II ?'W 1 f I je» < 2 "1" Need a loan to buy a home? POSB-plus-CPF Home Loan is an unbeatable combination We offer the most attractive housing loan package in town: The lowest interest rates: I —lo years 9% 11-25 years 914% A loan to
      116 words
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      240 31 Tulip Garden On Singapore's Golden Land our very own personal piece of solid and sound investment. One that will ensure you .generations of high quality living. Situated right at the corner of prestigious Holland and Farrer Roads TUlip Garden offers you the very latest concept in modem condominium living, both
      240 words
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      137 32 How you can benefit from Bayerische Landesbank's presence in Singapore w Bayerische Landesbank is headquartered in Bavaria, X a leading federal state of West Germany with a long tradition in cross-border trade and finance. Over the years we have constantly u p.9 rac^ec and refined our international banking capabilities, building
      137 words
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      47 32 Asians link to the worlds of finance. As one of the three largest banks in the world, we have the resources and the will to play our part in Asia, today and in the future. v. v fc-v: vf .c>j rwjv i ■> 1 < Nf V fT w
      47 words
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      302 33 BUSINESS MACHINES SYSTEMS... Systems Essential For Efficient Daily Banking Operations. £ujt MICR Encoder Model FS-8000 Compact Design, Easy Operation, Low Noise Console Type. mm: W' 1 Glory High-Speed Automatic Coin Counting Wrapping Machine Model WR-100 Courting Speed: 2,400 coins/min Wrapping Speed: 30 rolls/min Glory Desk-Top High-Speed Banknote Counter Model GNED-5-W
      302 words
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      86 34 At DBS Finance, we believe our services should oe highly responsive to your needs. With a fast flexible approach that solves problems. And competitive rates geared to suit your budget. Talk to our friendly professionals about our ranae of services from property mortgage and equipment financing to factoring. And our
      86 words
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      242 34 CHUBB DONT PUT THEIR SAFES TOGETHER. Sft While other safes are welded together, a Chubb Eurosafe is cast in solid metal. This monolithic Chubb construction simply means that the Chubb Eurosafe has no weak joints: It has no joints. But that's not all. We armoured the Eurosafe with our own
      242 words
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      402 35 Put NCR's 100 years of information processing and business systems experience behind your computer choice. r: or*-< r_ \m YfSfllSK a 4\ wk "V m \v.\V, ?c KS\ ts 3 1 m o Lo WW V 5 2 52 *>: 88 > i JV Almost every bank in Singapore has
      402 words
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      80 36 flying office equipment Rcminccon Our electronic typewriter, the Remtronic 2000. Features of an electronic, price of an electric. U-Bix V Our well respected copiers offer low cost per copy and highh reliable after-sales service. mm Two most outstanding filing systems. Efficient Easy to maintain and space-saving. i i li <
      80 words
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      Page 36 Advertisements Column 2
      113 36 FORWARD OVERSEA CREDIT LIMITED FINANCIAL LEASING MAKES GOOD BUSINESS SENSE Forward Oversea Credit Limited is one of Singapore's leading finance companies with an established reputation for financial leasing. Call us today and we will advise you on the many advantages of financial leasing. We will design a package best suited
      113 words
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      265 37 Get your name on the World Card. And collect oft iv a \c o M>P ftcS ra( drt>e^ e co^;;^eDiners Club, the first Charge Card in the world and the foremost in experience, is recognised and respected in over 155 countries and more than 500,000 establishments worldwide. Being the foremost
      265 words
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      189 38 POSB Centre Alexandra Village Ang Mo Kio Central Ang Mo Kio West Balestier Plaza Bedok Central Bedok North Boon Lay Bukit Merah Centre Bukit Timah Plaza Centrepoint Changi Road Chin Swee Road City House Clementi Central Clifford Centre Coronation Plaza Empress Place Far East Plaza Geylang East Ghim Moh Goldhill
      189 words
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      247 39 -ffL •■Hifl •'■mm IT* i? V-fTI m m a Sf wf* w* i* 'v SRsE 5 > i j -;,A ,>j V I >, n J.Uli^'lU < 1 OCBC EASI-PAY The One-Step Payment System for all transactions Cuts cash transactions. Cuts paperwork. Cuts queueing. OCBC EASI-PAY is the latest electronic
      247 words
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      82 40 offers Accounts Receivable Financing offers Factoring Factor at I in Offers Personal Loan offers Fixed Deposit Account C m Eight fabulous facilities from CCS to help you in your business and personal requirements. Call Telephone *****66 and ask for a brochure on any of these CCS Facilities. Sound and Secure
      82 words
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      Page 40 Advertisements Column 2
      261 40 I r\ f» 0 m t JT m* •m!W i# ~Hu d you recognise an Australian banker i The faces that spring most easily to mind, when our sunburnt country is mentioned, are those of our suntanned inhabitants. Like the stockman, the lifesaver, or the timeless visage of the aboriginal
      261 words
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      113 41 Bache Securities Established in 1879 Part of the U5570,000,000,000 family of The Prudential Insurance Co of America. More than 10 years of service in Singapore. Members and Associates of all leading security, option, and commodity exchanges worldwide, including clearing membership of SIMEX. Listed below are some of the products we
      113 words
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      Page 41 Advertisements Column 2
      241 41 The Chase isonfor Home Financing. Consider the possibilities. Chase has one of the most flexible range of housing loan packages in town. With loans of up to 100% of valuation with the use of your CPF savings. or A normal term loan of up to 85% of valuation without the
      241 words
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      228 42 BAHRAIN FRANKFURT HONGKONG ROME An Arab and International Association in Banking and Finance SINGAPORE II T A J 11 Collyer Quay #11-00 The Arcade Singapore 0104 Telex: (General) RS ***** ÜBAFSN Telex: (FX) RS ***** RS ***** ÜBAFSX Count on us to make your investment grow anywhere in ASEAN. We
      228 words
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      77 43 ASIA COMMERCIAL BANK LTD in all your banking needs. Our range of services include: Current, savings and fixed deposits accounts Asian Currency Unit (ACU) deposit accounts Overdraft and loans Trade financing and other credit facilities Head Office and Main Branch: 2 Mistri Road Singapore 0207 Tel *****22 Branches. 415- 417
      77 words
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      Page 43 Advertisements Column 2
      178 43 paper shredders M INTIMUS 407 The incredible appetite of INTIMUS 407 gives the user 50% more capacity than comparable shredders, yet can still be plugged into a convenient 13 amp 220 volt wall outlet. The 407 advantages are numerous. Quiet, portable, high capacity, 4045 sheets per feed, automatic unjamming, safety
      178 words
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      351 44 i ■W #>- It m <kd of the Overseas Union Bank which means we're solidly backed by one of Singapore's largest commercial banks. We have a flexible lending capability geared to backing those enterprising pacesetters who are confident of shaping a good future for themselves. loan to clinch your first
      351 words
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      69 44 Indian Bank (WHOLLY OWNED BY GOVT. OF INDIA) AN UP-TO-DATE BANKING SERVICE WITH THE FRIENDLY ATMOSPHERE OF TRADITIONAL INDIAN HOSPITALITY Full Banking Facilities including Foreign Exchange and Industrial Financing 966 branches in India and abroad Correspondents all over the world 4 Indian Bank 59. Robinson Road. Singapore 0106 Cable. BANYAN
      69 words
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      36 45 Texas Instruments 300 and 600 Business Systems Computers are A Instruments Creating useful products and services for you. exas nstruments Asia Ltd, 12 Lorong Bakar Batu, Unit 02-08 Kolam Aver Industrial Estate, Singapore 1334. Tel: *****55.
      36 words
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      210 46 Singapore new horizons for Araß Banking Corporation. ir<> in /ilLir m.iL» In Singapore. a> in other major financial renin's around the world. \rab Banking Corporation ABC) is lirml\ established and offers a wide of products and MTvio-s. Although we are particularly active in international s\ ndieated loans, corporate finance is
      210 words
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      115 47 BCI brings ITALY closer to the ASIA- PACIFIC area BANCA COMMERCIALE ITA LIANA HEADOFFICE: MILAN SINGAPORE-ranch 36 Robinson Road =03-01/04-01. City House. Singapore 0106.G P O Box 2647, Singapore 9046.M. *****33.te1ex 2- <5 COMIT RS TOKYO branch: Nippon Bldg Annex. Otemach, 2-7-1 Chiyodo-ku era BOX 1613. Tokyo 100. M. *****21.
      115 words
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      Page 47 Advertisements Column 2
      117 47 NEW KB RAYTRONIC AUTOMATICALLY SOLVES YOUR PAYMENTS PROBLEMS. \WWN /S 9i m ■<4 Instead of preparing cheques and handling cash, let ICB do all your payments work. Without delays. Automatically. You'll save hours of valuable time and cut down on paperwork. Simply tell us the payment details and when they
      117 words
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      138 48 "mi. iTrrrrr 3 "•mm "Hllin IMljj .""""'••iiiiiiiiiiiiiihi ■iiiiiiiiiiiiiiiiiiiiliiiiii experience With more than 3 decades of experience in Singapore and over more than 6 decades of banking experience in Hong Kong, the Bank of East Asia can offer you a broad range of banking facilities such as Current Account, Savings Account,
      138 words
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      Page 48 Advertisements Column 2
      92 48 BANK OF COMMUNICATIONS Singapore Branch 4 Shenton Way #08-01 Shing Kwan House Singapore 0106 Telephone: 223 9197 ACU/FX/Money Market Telephone: 225 2655/6 Telex: R*****2 BCMSIN (General) R*****4 BCMSIN (Dealers) Cable: "BANKCOMMS" Status: Restricted Service Bank Branch of The Bank of Communications Company Limited (The Development Bank Incorporated in Taipei, Taiwan,
      92 words
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      183 49 a f? p bkv 11 people offerstw^^n^nf"^! 6 B With Ch S en C beaUty mineral *9"«"tural resources and hard working peopie, orrers a wide range of attractive investment opportunities. branched n ßeoreMntttt»p£ a*"." T. op f atin 9 *"<>»** ™«work of 1835 branches in Pakistan.66overseas branches Representative Offices in
      183 words
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      Page 49 Advertisements Column 2
      439 49 BIL reports good results for 1983 Eurobond market activities strengthened Dr. Albert Dondelinger Managing Director Chairman of the Executive Board Banque Internationale a Luxembourg, the oldest and largest private commercial bank in Luxembourg, performed well in 1983, the Bank's 127 th year of activity. Total assets were up 8.6 r
      439 words
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      288 50 CHICAGO MERCANTILE EXCHANCE Singapore International Monetary Exchange present ADVANCED FINANCIAL FUTURES on 15 June 1984 at Hotel Meridien Singapore Financial futures have arrived in Asia The Singapore International Monetary Exchange! SIMEX) will start u ures trading in Asia and be linked to the successful International Monetary Market (IMM) in a
      288 words
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      Page 50 Advertisements Column 2
      268 50 The Institute of Banking Finance TECHNICAL ANALYSIS and CHARTING for Foreign Exchange, Shares, Interest Rates and Commodities The complete course taught for the Chicago Mercantile Exchange and its International Monetary Market Division (IMM) for the last eight years. WHY CHARTING? With the emergence and rapid growth of financial futures the
      268 words
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      116 51 Get the most competitive rates cm fixed deposits and savings accounts at UMBC FIXED DEPOSITS 1 month (minimum $5,000) 3 months 6 months 9 months 12 months 7 1 A% pormnum 7 1 /2% per annum 7%% ptr annum IIL.i,PWPI 7%% For amounts ovw. ptMM u*tof more favourable quote*. SAVINGS
      116 words
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      202 52 NO OTHER BANK KEEPS BUSWESS 1 mt^k > «i;,' i' s i;.:E lip ft! Every businessman needs to keep closely in touch with his bank. So here's an amazing new service. With Phoneßank, you can have a telephone hotline 24 hours a day, 7 days a week. Phoneßank, the latest
      202 words