The Business Times, 17 March 1981

Microfilm: NL10972
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, MARCH 17,1581 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Gold price goes up
      62 1 Reuter LONDON, Mon. The price of gold rose above US$5OO an ounce today for the first time for more than two weeks as the dollar fell on world money markets. Dealers said trading was active and the metal was helped by lower dollar interest rates. Gold
      Reuter  -  62 words
    • Article
      Lock icon Suspension of supplies
      59 1 Reuter CHUR, SWITZERLAND, Mon. A Swiss engineering company said today it might stop supplies of nuclear technology to Pakistan following a bomb attack against one of its leading scientists. Cora Engineering AG, which has sold an uranium enrichment plant to Pakistan, declined to confirm or deny Swiss
      Reuter  -  59 words
    • Article
      Lock icon Machine tools exports up
      66 1 UPI TOKYO, Sun. Japanese exports of machine tools to the United States and the major European markets in 1980 jumped drastically over the previous year, with increases of more than 50 per cent. The Japan Machine Tool Builders' Association said the US absorbed the largest share,
      UPI  -  66 words
    • Article
      Lock icon Dinosaur remains
      67 1 UPI BEIJING, Mon. China said today its scientists have found the remains of several dinosaurs dating back 160 million years in what they believe could be the world's largest such burial pit. China's official media said paleontologists have dug up large quantities of skulls, skeletons and other remains
      UPI  -  67 words
    • Article
      Lock icon Unified oil strategy
      69 1 AP KUWAIT, Mon. Kuwait's Oil Minister Ali Khalifa Al-Sabah will visit Saudi Arabia, the United Arab Emirates and Qatar to discuss a unified oil strategy, an announcement said today. Recent reports have suggested that major Gulf producers are discussing cutbacks in production to offset the current glut
      AP  -  69 words
    • Article
      Lock icon Union action continues
      85 1 AFP LONDON, > Mon. British civil servants today began their second week of selective action against the government over a pay dispute with an attack on the sensitive sector of tax collection. About 1,000 staff stopped work at the computer centres of Shipley in northern England and
      AFP  -  85 words
    • Article
      Lock icon Hostages beaten
      87 1 AP NEW DELHI, Mon. The three men who hijacked a Pakistan Airlines domestic jetliner sometimes hit their captives with pistols, and once forced the Pakistani diplomat, whom they later killed, to play "Russian roulette," one of the freed American hostages said today. Mrs Charlotte Hubbell said the hijackers
      AP  -  87 words
  • Chief Price Changes
    • Article
      SINGAPORE
      137 1 Rises Indices Island Pen O U E Rothmans P M Hldgs Gentin gs Magnum Corpn Perlia Plant Dunlop Ind S P P L Supreme Corpn F E Levingston U O B 1070 1000 755 720 1290 1080 950 720 308 670 665 560 80 50 45 40 30 30
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    • Article, Illustration
      KUALA LUMPUR
      143 1 Rises Indices MU Ind 2270 30 Mar 13 Mar 16 Talam 670 20 B.T.Index: *****0.64 *****3.87 PMC 1470 20 Industrials. 999.73 991.63 Finance: 1419.21 1413.25 pans Hotels: 527.00 526.78 Paramount 680 BA Tobacco 250 Hong Leong Credit 715 -45 -35 -35 Properties: Tins: {rubbers: 981.72 503.65 1329.30 971.77
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  • Article
    Ssangyong wins $90m contract to build apartments
    273 1 SOUTH Korean company Ssangyong Construction has won a $90 million contract to build two condominium blocks at Leonie Hill Road. Construction is expected to begin next month and the apartments are expected to be ready by the last quarter of 1983. The contract
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  • Article
    Rise in Indian investment
    474 1  -  By HSUNG BEE HWA INDIAN investors are looking to Singapore with greater interest judging from the jump in investment committed last year. Indian investment in Singapore so far is estimated at more than $50 million. Of this, $20 million was committed last year. The largest investor
    474 words
  • Article
    S'pore consortium in Australian land deal
    740 1  -  By FLORENCE CHONG A CONSORTIUM from Singapore is close to clinching 121 hectares of land on offer in a newlydeveloped suburb north of Brisbane, capital of the northern Australian state of Queensland. The suburb is Strathpine, known locally as "Little Aspley". It is expected
    740 words
  • Article
    Lock icon EEC textile proposals
    449 1 AFP Reuter THE EUROPEAN Economic Community (EEC) is to make proposals by the end of the month for the re-negotiation of textile agreements because its imports of clothing have doubled since 1973. It is believed the EEC Commission will suggest ways of re-drafting the Multi-Fibres Accord in
    AFP; Reuter  -  449 words
  • Article
    Moderate all-round advance lifts market index
    308 1 THE big losses suffered by the market last week were partially recouped la a moderate all-round advance which lifted the Straits Times industrial index lt.tt paints higher ta 782.M yesterday. The morning started off aa a Arm note bat sentiment softened on fears of
    308 words
  • Article
    Government accused of inconsistency in policies
    481 1  -  By RICHARD SEAH THE Government was yesterday criticised for being slow to realise its mistakes and for being at times inconsistent in its policies. The two "disturbing trends" were pointed out by Member of Parliament (Alexandra) Tan Soo Khoon during the Budget debate in
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      Page 1 Advertisements Column 1
      6 1 >v\x\\\^ ss MATTER Tmes Penochcate Pubfcccrton
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      Page 1 Advertisements Column 2
      155 1 sowusnu SMOKE? THIN Lirs TALK TEETH You wouldn't use a scouring agent to clean bone china, would you? It's the same with teeth. Yet ordinary toothpastes are too bland to remove tobacco film, and tea, coffee or other stubborn stains. The answer? New Clinomyn the toothpaste specially formulated for smokers
      155 words
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      Page 1 Advertisements Column 3
      74 1 SHIPPING TIMES NO SIGNS of recovery in world EXTENSIVE restructuring at trade........................................ 2 Ganda H01ding5........................ 11 DISPUTE in Japan over deposit GOVERNMENT urged to lower rates 3 corporate tax............................ 12 TAKING insurance against SIEW SIN renews call for comb&nking (rands f modity pact 5............................. 12 CROSSWORD I, TV AND RADIO
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      Page 1 Advertisements Column 4
      100 1 GOOD READING MATTERS AT HTimes Bookshops "luisnwuu Leader...page t MODERN MANAGEMENT READINGS szifr it. the effective executrHTHE MAWiERIALMitAN IflprtlngitaMi PETff»CSWCERSQN iMUfwant arfwmata* tpta"*** ttwcyww" FINANCIAL PLANNING FOR MANAGERS itfiSFINANCE AND ACCOUNTS FOR MANACERS nMMIINITATK' W Bu«i n «iSurvml VA/!tI]TIL'J L/ c SmtknMf farktmtm *nd Htgd Row, 11 i",'ll! M i;
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  • OVERSEAS
    • Article
      Lock icon Russia invited to North-South discussions
      445 2 UPI THE United States, China and the Soviet Union may meet in Mexico City later this year as part of a 23nation summit to discuss relations between the industrial powers and the developing countries of the world. The possibility came about during the weekend when
      UPI  -  445 words
    • Article
      Lock icon Iraqis preparing to export oil once war with Iran ends
      239 2 Reuter IRAQ is buying equipment to export oil through the Gulf once the war with Iran ends despite severe damage to its Gulf offshore terminals. The Petroleum Intelligence Weekly (PIW) of New York said the equipment Iraq is buying include
      Reuter  -  239 words
    • Article
      Lock icon No signs of recovery in world trade
      635 2 Reuter THE world economy suffered its worst year since 1975 last year and trade in 1981 is running below last year's average with no signs of a revival, international economists reported yesterday. The Geneva-based secretariat of the General Agreement on Tariffs and Trade
      Reuter  -  635 words
    • Article, Illustration
      Lock icon HIJACK ENDS WITH HANDSHAKE
      91 2 LEADER of the three-man group that hijacked a Pakistani International Airlines plane on March 2, Salamnllah Khan (left), shaking hands with chief negotiator Brigadier-General Mohammed Ali-Khouli while handing over his gnn to an unidentified man moments after surrendlng to the Syrian authorities. The hijack, the longest
      Source: UPI photo  -  91 words
    • Article
      Lock icon Rate of American business failures likely to stay high
      256 2 AFP THE current incidence of manufacturing business failures in the United States, now at a five-year high, may well continue through most of this year, according to Chemical Bank economist Paul Mila. In a survey just released, Mila said that for
      AFP  -  256 words
    • Article
      Lock icon U.S. CAN CUT ENERGY USAGE BY 25pc
      205 2 NYT THE UNITED States could cut its energy consumption by almost 25 per cent by the end of the century without sacrificing economic growth, according to an unpublished study conducted for the Department of Energy. The proposed strategy, based on heavy investments in
      NYT  -  205 words
    • Article
      Lock icon Thatcher still committed to slashing income taxes
      318 2 UPI BRITAIN'S Prime Minister Margaret Thatcher's Conservative government is still committed to slashing personal income taxes before the next general election despite last week's budget report which contained mostly bad news for the taxpayer. Nigel Lawson, Financial Secretary to the Treasury, said on
      UPI  -  318 words
    • WORLD IN BRIEF
      • Article
        Lock icon FORD PLANS STAFF CUTS
        426 2 Agencies FORD Motor Company plans a 30 per cent reduction in its British personnel over the coming five years. Some 25,000 jobs would go by 1985. The run-down is needed in order to improve productivity in the face of Japanese competition and would largely be achieved
        Agencies  -  426 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      145 2 i 9 All cards are valid worldwide It's a rare kind ofprivilege to ha\e Carte Blanche. Carte Blanche, as the world's most prestigious travel and entertainment card, has always maintained a select and exclusive membership. But, if you are fortunate enough to be accepted as a member, you will receive
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      Page 2 Advertisements Column 2
      206 2 Wanted: A Business Editor We are a newly established newspaper publishing company presently engaged in recruiting a top flight editorial team to launch an English medium newspaper in Singapore. We are looking for a person in his early thirties, having wide knowledge of/or experience in banking and finance, merchant banking,
      206 words
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  • REGIONAL
    • Article
      Lock icon UN VISIT A GOOD SIGN
      188 3 Reuter PHILIPPINE Foreign Minister Carlos Romulo yesterday said a planned visit to South-east Asia by a special United Nations representative indicated movement towards an international conference on Kampuchea, but said he should also visit other capitals. Mr Romulo, 82, said M'hamed Essaafi of Tunisia, who
      Reuter  -  188 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      791 3 ARRIVALS Service Local Operator Number Time From PAA PA005 0030 JFK SFO HKG MAS MH601 0630 KUL CARGO CV796 0715 LUX DXB SLA SQ101 0815 KUL MAS MH605 0830 KUL MAS MH621 0835 PEN RBA BI427 0930 BWN MAS MH671 0930 KUL CAL CI814 1000 HLP SLA
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    • Article
      Lock icon Finance ministry, BOJ in dispute over deposit rates
      559 3 Reuter AN INTEREST rate power struggle between the Bank of Japan (BOJ)and the Japanese finance ministry emerged yesterday only hours before an anticipated announcement of a cut in the central bank's official discount rate to help bolster Japan's sagging economy. The central
      Reuter  -  559 words
    • Article
      Lock icon Indonesian officials concerned about gold purchases
      171 3 AFP SEVERAL Indonesian monetary officials yesterday expressed concern over massive gold purchases by the government in world markets. They fear it may have miscalculated the prospect of gold prices. They said the government should not be influenced by speculation that the gold price will
      AFP  -  171 words
    • Article
      Lock icon Suzuki snubs Moscow by refusing to meet envoy
      291 3 UPt PRIME Minister Zenko Suzuki of Japan has rejected the idea of meeting Soviet Ambassador Dmitry Polyansky in a rebuff to Moscow's latest diplomatic manoeuvering. "There appears to be no need for me to meet the ambassador," Mr Suzuki said yesterday after
      UPt  -  291 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      107 3 Your New Telephone SecretaryTHE^^ CTLAqn COMPUTER DIALER An ingenious micro-computer device that computes, stores and dial up to 20 important phone numbers automatically all at a single touch of a button. And redials till you are connected, if line is busy. Also, a built-in 12 digit calculator and digital clock
      107 words
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      Page 3 Advertisements Column 2
      863 3 jc «fe4 >? y 4* 4 if fIS 1 Now in Singapore, the IBM Displaywriter system. rpUp The Displaywriter is Al K? like a dream Typing ix/TMCf drafts are so S i m pi e j{ th e boss wants to change something, I can just re-type that bit and
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  • RAW MATERIALS
    • Article
      More land to be developed under Fourth M'sia Plan
      590 4 THE Federal Land Development Authority (Felda) will develop about 375,000 acres under the Fourth Malaysia Plan (FMP) to be launched next month. The 1.7 million acres would be able to sustain about 160,000 families or approximately 900,000 persons. To date there
      590 words
    • Article
      RUBBER
      224 4 THE Singapore market yesterday closed higher with April One RSS buyers quoted at 273.25 cents per kilo, up 1.75 cents from last Friday's close, dealers said. The morning session closed half a cent higher after fluctuating marginally throughout, they said. Prices firmed 1.25 cents during moderately active afternoon trading
      224 words
    • Article
      RAS PRICES
      331 4 RAS prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt f.o.b 266 50 267 50N 267.00 268 00N Int. 1 R.S.S. April 272.50 273.00 273.25 273.75 Int. 1 R.S.S. May 276.00 276 50 276.75 277.25 Int. 2
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    • Article
      SSR and SMR
      114 4 NOON SSR and SMR prices yesterday has April May (Current Mth) (Forward Mth) Buyera Sellera Buyera Sellera SSR 20 <1 too pallet) 242.50 244 50N 244.50 246.50N SSR SO (1-ton pallet! 239 00 241.00N ***** 243.00N MRELB April May SMR CV <1 ton pallet) 294.00 296.00N 296
      114 words
    • Article
      Straits Tin
      81 4 THE STRAITS tin price in Penang yesterday was unchanged at Ms3t.2l a kilo, still within the International Tin Agreement's range price of $39.11 to $32.74, dealers said. Encouraging reports from the tin talks in Geneva and support at higher levels from Europe and the US helped the steady
      81 words
    • Article
      Closing prices
      32 4 Rubber: March 16 Singapore: April: 273.25 cents (up 1.75 cents) Malaysia: April: 293.75 cents (up 1.75 cents) Tin: M 530.21 per kilo (unchanged) Official offering: 240 tonnes (up 73.87 tonnes)
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    • Article
      Lock icon Japan to buy Chinese soybeans
      85 4 Reuter JAPAN has contracted to buy 50,000 tonnes of highprotein Chinese soybeans, comprising 20,000 tonnes for April May shipment, 14,000 for June and 16,000 for November December, trade sources said. Prices for the April May shipment were set at US$3BO a tonne fob for 10,000
      Reuter  -  85 words
    • Article
      Produce exchange
      179 4 CHINESE Prsdaee Exchange, Singapore, noon closing prices per 1M kg yesterday. Cwnil oil: Bulk fob *117.00 sellers, old drum (in second hand drum) fob $130 00 sellers, new drum fob $136.00 sellers. Copra: Mixed (loose) $66.00 buyers. Pepper: Muntok white pepper fob Asia NLW $417.50 sellers, Sarawak white
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    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cottaa yara: China Blue Phoenix 20s 2.315; 32s 2,800, 40s 3,040 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      RICE
      325 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.06, 100 per cent third class 1.05, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0 80.
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    • Article
      LONDON MARKETS
      936 4 COFFEE: Robusta futures yesterday closed quietly mixed, £3 a tonne down in spot March to £4 a tonne up from Friday. Turnover was 978 lots including 13 options and around 600 lots of crossed trades. Dealers said market gains were limited by slightly firmer sterling against the dollar
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    • Article
      PALM OIL
      119 4 THE Kuala Lumpur market yesterday ruled easier on lack of buying interest in quiet trading, dealers said. In March, the central region fell Mslo to $980 a tonne and in April the southern eased $6.50 to $970. The refined market was featureless on lack of overseas demand. C.I.F.
      119 words
  • ASIAN STOCKS
    • Article
      Share prices rise sharply
      483 4 TOKYO SHARE prices yesterday rose sharply after Saturday's steep recovery, with buying interest stimulated by an expected cut in the Bank of Japan's discount rate, dealers said. The market average rose 77.82 to 7,124.33, with volume 250 million shares and the Tokyo Stock Exchange index ended
      483 words
    • Article
      Bangkok
      270 4 STOCK prices yesterday closed mixed in quiet trading concentrated on financials, dealers said. Bangkok Bank rose six baht to 272, Industrial Finance Corp gained one to 123, while First Trust fell 0.50 to 67 and Rama Tower dropped 0.50 to 83. Jalaprathan Cement and Siam Cement closed unchanged at
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    • Article
      Manila
      125 4 THE stock market yesterday closed firmer but turnover declined to 1.7 million pesos from Friday's 2.1 million, dealers said. Among gainers where Atlas Con B, Phil Overseas and San Miguel B. MAR 1« Pesos Acoje Mining ax 0 000' Atlas Con. A AUti Con B. 30 JO 1 Bafulo
      125 words
    • Article
      Selected indices
      31 4 H.K.HANG SENG Monday 1344.37 Friday 1323.26 Week Ago 1347.35 AUSTRALIAN INDUSTRIALS Monday 701.2 Friday «96 3 Week Ago 090.5 ALL ORDINARIES Monday 083.0 Friday 670 7 Week Ago 6532
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    • Article
      Lock icon Hongkong
      285 4 SHK THE market yesterday gained ground steadily after a weak opening. Trading volume was thin as the market continued to consolidate above 1900. Interest continued to focus on the blue-chips as institutions continued to buy on any sign of weakness. Hang Seng Index: 1344.37 (-t-a.U). Turnover: HKJ269 01 million.
      SHK  -  285 words
    • Article
      Sydney
      305 4 KEY METAL miners and resource shares led the market yesterday to one of its biggest improvements in two ">nnths, while industrial shares were also broadly higher, dealers said. The All-Ordinaries index rose 12.3 points to 683.0, although many major issues finished off their highs. BHP rose 35 cents to
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      277 4 TWENTY POUNDS STERLING FIFTY U S OOLIARS IL A £20 Mil S5O y. HE* *0«K USA ttsum MW anMaAnoNM. L«»rtO IOWCN FNOt.«*C isaooooo 10 n: 10 s 200 r- iaoa ew s«* s i The Five Star Travellers Cheque Available in dollars and sterling-and welcomed world-wide in hotels and restaurants,
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      Page 4 Advertisements Column 2
      13 4 FURNITURE W|l H Touch of Class LUXURY INTERIORS PTE. LTD. 321, Plaza Singapura
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      433 5 DATSUN BLUEBIRD Thel6oocc executive saloon There is no compromise. Executive Features f m L fv ij n n il■ u u MCaET£ MIN A fl. MIN. i MOMTM DAY SCC QUARTZ Tilt steering column that can be adjusted up or down for the most comfortable driving Rack-and-pinion steering ensures superb
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  • Article
    Boost for medical centre concept
    367 6 THE MEDICAL industry is on the Economic Development Board's priority industry list, with the Board hoping to attract investments worth $70 million to $100 million in the next five years. But if Singapore aspires to become a regional medical centre, this alone is not enough
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  • Article
    Using feedback in formulating policy
    292 6 ;3rtUCH HAS been said about the shortage of seasoned speechmakers and scintillating orato~ry, the lack of fire and fury in our Parliamentary proceedings. The Budget debate this year is unlikely to disprove the general truth of these ."statements. But the tone of Mr Tan Soo
    292 words
  • Article, Illustration
    WARY OF BANKING FRAUDS
    1457 6  -  I! fear ia the only force to make a customer realiae the urgency of an ineurance cover, then Grindlay Insurance Brokers has certainly done ita job well. LEE YOKE MENG, who attended Grindlays' recent briefing on its Banker's Blanket Bond, reporta on the amazing number of
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  • Article
    Dollar diversification
    853 6  -  Arab states face the problem of where to invest mounting revenues from oil. The way in which they are widening the scope of their investments has been under study, among others, Chase Manhattan Bank, reports JAMES BUCHAN. JAMES BUCHAN MOVES to diversify the investment channels for Arab surplus
    853 words
  • Article
    STRAWS IN THE WIND
    179 6 ORGANISERS of the Institute of Chartered Shipbrokers' second annual dinner and dance expect, their press release says, "500 attendants" at the function. I wonder how many diners are expected. AND there was the press release about a trade exhibition which promised that thousands of exhibitors "will
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      707 6 TVO-IM-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Sort of grass for stuffing the sofa? (5) 9 If shy, possibly, is doubtful (5) 10 German town orchestra (5) 11 He's in the clouds (3) 12 Beg in court? (5) IS The point of no return (4, s 3) 15 It's a Continental
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      37 6 ipsoes pkND GeNTLemes OF Twe sobers Social. cuue> now come 'oouT T»meToo.. p>ns/c>€. cooto oo aerreP job I Tt-tfMM Tne LAST LOT .J tmc etecTiow or ngu> ofr»ceßs.- J x r-A.'Av^ i3SB» I (BNV nooße. cof^^ens. y
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      754 6 RADO SHOW IS BACK RADO SHOW *81 takes over from Pops 1b Germany. This musical variety shew follows Its earlier versions with games, music and songs and will be coming "live" from Studio 1 at 7.59. Games such as "Laugh It Off" and "Shooting Championship" come with a lot of
      754 words
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  • Article, Illustration
    Lock icon The voice of Opec
    763 7  -  OIL PRODUCERS' NEWS AGENCY SET-UP BUSINESS TIMES, Tuesday, March 17,1981 Sheik Yamani and his organisation have made memorable headlines. Now Opec seeks to give more than just headlines. It will give you its story its version of the energy story. For that reason is created the
    Reuter  -  763 words
  • TRADE AND INDUSTRY
    • Article
      Watt and Ackermans expands services
      376 7  -  By RICHARD SEAH LOCAL engineering services company Watt and Ackermans has expanded its services to include on-site machining work. The company has invested about $500,000 in portable machining tools, including surfacing, boring and milling tools. The portable tools are useful when machining work needs to
      376 words
    • Article
      Merlin Gerin interested
      288 7  -  By HSUNG BEE HWA MERLIN Gerin, a manufacturer of switchgear and electrical and electronic equipment, may set up a plant in Singapore within the next three years if demand for its products remains buoyant. Jean Charles Fuchs, managing director of Merlin Gerin Far East, said the company
      288 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      123 7 HONG Seh Company has appointed Tu Seng Le*ng as its technical manager responsible for providing technical advice to customers on the use of chemicals and plastic products. Dr Tan, a chemistry graduate, was formerly Head of the Forensic Unit, Department of Scientific Services. Hong Seh, a local
      123 words
    • Article
      Glaxochem to send staff to Britain for training
      364 7  -  By FOO CHOY PENG GLAXOCHEM will send about 20 of its staff for training in the United Kingdom towards the end of May or early June. They will comprise mainly people who are now being recruited by the company as chemists, production
      364 words
    • Article
      Understanding QC circles
      135 7 THE National Productivity Board is organising a series of half-day seminars on Understanding QC Circles for local enterpreneurs and senior executives next month. The seminars, to be held from 8.30 am to 12.30pm daily from April 13 to 16 at Cuppage Centre, will be conducted by Ichiro
      135 words
    • Article
      Trade visit cancelled
      45 7 THE Chinese trade delegation from the Jilin Province Chemicals, Metals and Machinery Import and Export Corporation has cancelled its visit to Singapore. The delegation was to have arrived on Sunday at the invitation of a private company to meet manufacturers and traders.
      45 words
    • Article
      TRADE TALK
      349 7 THE Department of Trade has revised the Inward and Outward Declaration forms. The revised forms will be used from next month. Though basically similar to the present forms they will contain more information such as cargo packing and the types of trade and freight. The forms have been
      349 words
    • Article
      NEW ASSEMBLY WORKSHOP
      227 7 AN American aviation supply company has set up an assembly workshop in Singapore to cater for its South-east Asian and Australian markets. J Granpre, area marketing manager for Anglo American Aviation Company, said the workshop was set up to improve service to the expanding market in the
      227 words
  • Article
    Lock icon An economy of brains
    880 7  -  FORUM with FLORA LEWIS NYT THE RESHUFFLING of tenants in government offices is nearly completed now, until the next time. The former Washington ins are out. Now that it's accomplished, a moment has come to reflect on the extravagant human wastage. Many years of experience and
    NYT  -  880 words
  • Article
    Income tax queries
    87 7 Letter to the Editor Dear Sir, The latest IRBA Income Tax form has the following items under different sections: SECTION A Allowances Transport... Entertainment others (excluding reimbursement). SECTION B Reimbursements: YES/NO Transport Entertainment... Others Will the Inland Revenue authorities please define and clarify the basis on which
    87 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      95 7 10 I! f. 3# M(Xl«< 075 AV FACTORY REPRESENTATIVE EO« SOUTH EAST ASIA STJHUS.E.AJPTE LTD Unit 1003. 10th Floor, Tan Boon Liat Building. Outram Road. Singapore 0316 Tel *****47 <3 Linesi Cable STIHLSEA Telex RS ***** 0 -o 0 ASIATEX '81 International Exhibition of Machinery and Materials for the Textile
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      Page 7 Advertisements Column 2
      134 7 The tallest concrete Office Building on Earth is in Sydney, Australia Only a few floors are still available at Australia's most prestigious business address Commanding the Sydney skyline with breathtaking panoramic views of Australia's largest city, the magnificent MLC CENTRE towers 244 metres (800 ft) above the ground with 68
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Royal Dutch/Shell hit by slower growth
      345 8 Reuter THE RECESSION and the reporting of local currency results in strengthened sterling have adversely affected the aggregate results of Royal Dutch Shell. The group has reported that net 1980 income fell to £2.23 billion from £3.05 billion on sales of £33.16 billion against
      Reuter  -  345 words
    • Article
      Lock icon BP PROFIT CUT
      498 8 RECESSION AND STRENGTH OF STERLING J Reuter THE WEAKENING of the dollar against sterling reduced British Petroleum Co Ltd's overall 1980 profit by £85 million, compared with £80 million in 1979. BP has reported that 1980 pre-tax profit rose to £4.86 billion from £4.36 billion in 1979
      Reuter  -  498 words
    • Article
      CALTEX OIL (AUST) PURCHASE
      74 8 CALTEX Oil (Australia) Pty Ltd will buy fuel distribution company Golden Fleece Petroleum Ltd from HC Sleigh Ltd for about Ass million. The price will be based on consolidated net worth at April 30 and is subject to shareholder and Foreign Investment Review Board approval. The
      74 words
    • Article
      COMINCO
      54 8 COMINCO has announced the terms of its previously announced common share rights offering. The warrants will be issued on the basis of one right for each share held. Ten rights and S5B will be required to subscribe for each share. Shareholders will be allowed to subscribe to a total
      54 words
    • Article
      Consequences of reduced Exim Bank funds
      237 8 A PROPOSED cut of about 30 per cent in funding for the Export-Import Bank would hurt Boeing's business unless interest rates drop significantly. Boeing Co chairman T A Wilson told a House panel that, by his estimate, the company would lose about half the
      237 words
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      Page 8 Advertisements Column 1
      209 8 Where to wine,dine and entertain The American Express Card. Don't leave home without it. Get away to Sentosa \A Costs only HALF AS MUCH if you're residing in Singapore It's easy. Just book our chalet units, and enjoy a 50% discount. Offer applies MONDAY-THURSDAY (except public holidays and holidav-eves). For
      209 words
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      Page 8 Advertisements Column 2
      172 8 lubertutf ®riU For lunch. For dinner. For a richly rewarding experience. Businessmen's Lunch Monday to Friday $19.50 f 10'< service charge 3'> cess Javanese Rijstafel Saturday Sunday service charge 3'< cess $17.50 10' For reservations call *****77 ciilun I 'nrk Slhtiiloii i u;iq h »r< HOTELS AND >N\S WORLDWIDE Ndssi
      172 words
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      Page 8 Advertisements Column 3
      185 8 Business Tip TheMirabelle Executive Lunel Enjoy a superb lunch served at your requested time. So there's time to talk business and make your next appointment. You'll eat like a gourmet enjoying starters such as Waldorf or Danish Salad, gourmet dishes like Veal Emince Zurich Style, Tournedos London House, River Trout
      185 words
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      Page 8 Advertisements Column 4
      147 8 See Page 4 for Asian stocks QQGQQ Inn Of Happiness m: Cantonese style. Szechiian style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. Offers you an
      147 words
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      Page 8 Advertisements Column 5
      153 8 K m A m X i L The Dragon Palace Restaurant is where you can dine in regal splendour and dance to the mellow sounds of yesteryear with "The Zodiac' Spacious enough to accommodate 450 people in comfort. Dragon Palace Restaurant also caters to the cosy twosome' w«*i»as CoekgHHetd Oxley
      153 words
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  • BANKING AND FINANCE
    • Article
      Singapore market
      435 9 THE market was quiet yesterday, with the US dollar showing little movement against the major currencies. Dealers appeared to be cautious in the light of the uncertain trend in interest rate movements. The dollar opened at 206.30/40 against the yen, slightly lower than the Tokyo opening of 208.50.
      435 words
    • Article
      GOLD
      208 9 SINGAPORE gold futures yesterday closed generally firmer on some local buying interest in light trading. Total sales for the day «fas recorded at 80 lots while volume for kerbs was at 115 lots with interest mainly centred on April and June contracts. April closed higher at US$499/502 an ounce
      208 words
    • Article
      Silver quotes
      33 9 New York 12.16B 11.90B 12.55S 12.20S Zurich 12.15B 11. SOB L2.55S 12.20S Mm Frl Singapore 12.10B 11.SOB 12.SOS 12.20S Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore
      33 words
    • Article
      PLR
      22 9 THE average rate ai which major Singapore banks are currently prepared to lend to their best customers is 14.1 per cent.
      22 words
    • Article
      ASIAN $ RATES
      193 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Mar 16. U8 DoUare(Spot) Offer Bid 7 days 14 15/16 14 13/16 1 month 15'4 15 2 months 153/16 15 1/16 3 months 15 3/16 15 1/16 0 months 15 3/16 151/16 9 months 15 14% 12 months 14'*
      193 words
    • Article
      Discount
      48 9 RANGE of prices offered by discount houses on Mar 16 Overnight: 3% to 7V«9fc Call deposits: to 7'/t% CkMiif Buyiaf Selliaf 3-month Treasury bills 6H 6W 3-month Bank bills 11'* liv« 3 months CD 10 15/16 10 13/16 6 months CD 10% 10' Source: National Discount Co
      48 words
    • Article
      London
      47 9 Opening quotes yesterday US 2.2192/2202 Can 2.6482/510 Cross 1.1933/36 D Mk 4.6793/837 D F1 5.1736/93 S FY 4.2636 700 B Fr (con) 76.68 76 F Fr 11.0253/414 Lit 2269.80/2274.25 Yen 461.76/462.63 D Kr 14.7197/352 NKr- 11.9742/9907 S Kr 10.2375/530 Aus sch 33.08/16 Port 125.40/90 Spain -190.03/34
      47 words
    • Article
      TOKYO
      184 9 THE US dollar for overnight delivery yesterday closed at 206.40 yen, compared with a 208.50 opening here, a 207.60/80 closing in New York, 207.70/90 on the West Coast and 207.65 here last Friday, dealers said. Trading was quiet with volume US$5B6 million. After opening sharply higher than the New
      184 words
    • Article
      HONGKONG
      181 9 THE US dollar yesterday steady against major currencies in very quiet late trading, dealers said. The yen steadied despite near certainty of a one point cut in Japanese discount rate in the immediate future which caused it to open weaker, it traded around 208.35/45 to the dollar for most
      181 words
    • Article
      TWO MORE JOIN PRIME CUT
      155 9 OVERSEAS UNION Baak aad Baak ui America are the latest ma jar baaka here to tower their prime Iradlat rate*. Frem today, OUB will he qaatlag Ha beat easterners ISVi per eeat far Is*—, a drep «I half pelats. This briags it la Hae with
      155 words
    • Article
      Shortening KL money order validity period
      199 9 THE VALIDITY period of money orders payable in Malaysia was reduced from six to three months as from yesterday. All money orders which remain unpaid at the end of the validity period or have become void will automatically be returned to the remitters, said
      199 words
    • Article
      Shearson optimistic
      458 9  -  OPENING OF LOCAL OFFICE BY ALVIN TAY INFLATION in the United States will start to decline by end-1982 if Congress approves President Reagan's new economic programme, especially those concerning expenditure and tax cuts. Mr Sanford Weill, chairman of the board of directors of Shearson Loeb Rhoades, said such
      458 words
    • Article, Illustration
      AFC signing ceremony
      274 9 THE ASEAN Finance Corporation (AFC) is moving right on schedule. It was officially incorporated on March 14 after some rousing financial support from the member banks and industries in the five Asean countries. This long-awaited set-up by the Asean Banking Council will help mobilise and solicit financial
      274 words
    • Article
      Venture in KL insurance
      236 9 AMERICAN Malaysian Insurance Sdn Bhd, a subsidiary of the Fleet group is taking over the businesses of its foreign partner, Afia Worldwide Insurance in Malaysia, and developing new market potentials. The chairman of AMI and the Fleet group, Encik Junus Sudin, said the company also hopes
      236 words
    • Article
      Eurobond issue
      69 9 THE five-year Eurobond for Australian Resources Development Bank Ltd has been raised by US$5 million to $30 million with pricing at 95 3 /<i per cent. Lead manager Swiss Bank Corp International said the bond, part of a $60 million tap issue, carries an unchanged 13 per cent
      69 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      628 9 This announcement appears as a matter of record only Mitsui Real Estate Development Co., Ltd. (Mitsui Fudosan Kabushiki Kaisha) U5535,000,000 7!4% Convertible Bonds due 1996 Credit Lyonnais Nomura Europe N.V Chase Manhattan Limited Commerzbank Aktiengesellschaft DBS-Daiwa Securities International Limited Merrill Lynch International Co. Mitsui Finance Europe Limited Pierson. Heldring Pierson
      628 words
    • Advertisement
      Page 9 Advertisements Column 2
      117 9 a 3 *5 i' J'? rr o <?- o VS0 *7' t Vff .V 4 n <* Y f L' wrifc St V ft V > >: S^Mi, I/*. TV The Swiss Volksbank is pleased to announce the further expansion of its international network by the opening of a Representative
      117 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1773 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acmi (3.508) A
    1,773 words
  • Article
    Unit trusts
    171 10 SINGAPORE UNIT TRU8T OUB-MONTAGU (Maaagerr pmm for Mm r IT) (Maasgan' prtMs tar Mar 11) The Commerce 3 65 3.84 Union Spore Fund 148 1.53 The Savings Fund 208 212xd S'pore Prog Fund S pore Sec. Fund 1.S 1 63 INCOME BOND UNIT 2.37 2.49 (urrai pi leaa)
    171 words
  • Article
    SHARE INFORMATION SERVICE
    2783 10 Gr*i Grt Net 1B8O/1081 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- Cvr (OOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 301* 238* Ac ma 352 14.5 2.8 4.1 143 300 220 Alcorn 300 12.0 2.5 4.0 17.0 184 116 Allied Choc 168 -2
    2,783 words
  • Article
    In Kuala Lumpur
    1877 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUSTRIALS il|awi(i (3.068) Aieeai (2.985) Aim M (2 158) A Ckee (ITOB
    1,877 words
  • Article
    COMPANY MEETINGS
    73 10 GENERAL 8eearltlef 1bveatmeata Limited: AGM to be held at DBS Building, 6 Shenton Way, Singapore 0106 on May 5 at 2.30 pm. OVERSEAS Seearltie* Untied: AGM to be held at Mandarin Court 'A', 4th Floor, Mandarin Hotel, Orchard Road, Singapore on May 7 at 11 am. V OVERSEAS
    73 words
  • Article, Illustration
    Prices move up in quiet trading
    706 10 YESTERDAY ni a qilet day marked eat for geatle recaperatien wkeu balls sought to heal their wounds tram last week's iajary. Seattmeats were lifted as buying Interest appeared. Although aews «I a beaas-enm-rigbts issae tram Far East-Levingsten safteaed the market slightly la the maralag,
    706 words
  • Article
    Market in KL remains weak
    605 10 THE Kuala Lumpur stock market continued to retreat broadly yesterday although losses were generally less severe than last Friday's. This was due largely to a slight recovery towards the close which enabled most counters to recoup some lost ground, sentiment was also apparently helped to
    605 words
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  • COMPANY NEWS
    • Article, Illustration
      Ganda makes extensive changes
      1174 11  -  By CHOO AI LENG THE run-up in Ganda Holdings' share price by nearly 11.00 from December coupled with a corresponding "Increase in trading volume was not without cause. By now, even the most casual of investors would have an inkling of the reasons behind its share
      1,174 words
    • Article
      COMPANY BRIEFS
      198 11 GENERAL Securities Trading, a subsidiary of General Securities Investments, has increased its authorised and paid-up capital from $1 million to $2.5 million from March 11. FERRO Industries Pte, a wholly-owned subsidiary of Leong Hnat Industries, changed its name to Ferro Engineering and Construction Pte on Feb 12. THE
      198 words
    • Article
      Firm recovery at Ganda
      224 11 REFLECTING the benefit of a rigorous rationalisation programme, Ganda Holdings chalked up a pre-tax profit of (1.4 million for the year ended Sep 30, 1980. Ganda's results, announced yesterday, showed that the group had staged a steady recovery from the previous year when it suffered a
      224 words
    • Article
      COMPANY MEETINGS
      284 11 SIN Chew Jit Poh (SlagaCre) Limited: EOGM to be Id at Sin Chew Jit Poh Building, No. 19, Keppel Road, Singapore 0208 on Mar 19 at 11 am. FABER Merlin Malaysia Berhad: EOGM to be held at Hotel Merlin, 2 Jalan Sultan Ismail, Kuala Lumpur on Mar 23
      284 words
    • Article
      FELS swings back to profitability
      498 11 A STRONG second half put rig-builder Far East-Levingston Shipbuilding (FELS) in the black for the year ended Dec 31, 1960 after two years of losses. FELS, a member of the Keppel group announced over the weekend its pre-tax profit of $1.3 million the first positive
      498 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      186 11 Your executives can drive better cars and cost you even less. Here's where we come in. We have a fleet of Ford Granada Ghias for short or term rental. Rent one or rent a dozen. With no capital outlay. And because we are Ford distributors, every car in our fleet
      186 words
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      Page 11 Advertisements Column 2
      211 11 SAVINGS ACCOUNTS: 10% ma Deposit and withdrawal at any of our 51 branches. 11% p.a. for 1 month 11%% p.a for 3 months 11% p.a. for 6 months 10%% p. for 9 12 months PRIME RATE: 13%% p. EFFECTIVE 16 MARCH 1981 UNITED OVERSEAS BANK CHUNG KHIAW BANK LEE WAH
      211 words
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  • Article, Illustration
    Lock icon Renewed call for commodity pacts
    327 12 AFP FORMER Malaysian Finance Minister Tun Tan Siew Sin has renewed his call for Opec-type pacts for commodities, reiterating that such arrangements can work if producers do not "ask for the moon". Tun Tan, who is chairman of Sime Darby and financial adviser to the
    AFP  -  327 words
  • Article
    FORD HERE ON THREE-DAY VISIT
    107 12 FORMER United States President Gerald Ford and his wife, Mrs Betty Ford, arrived in the Republic last night from Oman on a three-day private visit. During their stay, Mr and Mrs Ford will make a courtesy call on President and Mrs Sheares. They will have
    107 words
  • Article
    Lock icon Brunei objects to SIA's proposed Airbus service
    201 12 Reuter PLANS BY Singapore Airlines (SIA) to introduce an Airbus service on its Singapore-Brunei route have run into objections from the sultanate's own airline. Royal Brunei Airlines (RBA), which operates two Boeing 737s out of the sultanate, has so far failed to reach
    Reuter  -  201 words
  • Article
    Suggestion for gradual cuts in corporate tax
    314 12 THE GOVERNMENT should consider a progressive reduction of corporate tax for the manufacturing sector from the current 4! per cent to M per cent. This was among the three proposals presented in Parliament yesterday by Dr Chan Slk Ting, MP for Thomson, to
    314 words
  • Article
    A profile of the typical family
    394 12  -  By WONG AI KWEI THE AVERAGE Singaporean family today must earn about $1,060 and spend about $830 a month. These are the minimum income and expenditure levels required to sustain an average family of four consisting of parents and two school-going children living in
    394 words
  • Article
    HUDC income ceiling will not be removed
    386 12 THE Government will not remove the income ceiling for Housing and Urban Development Company (HUDC) flat applicants. But the ceiling is being adjusted upwards periodically in the light of rising incomes. This point was made in Parliament yesterday by Minister for National Development
    386 words
  • Article
    Lock icon London University fee payment scheme
    270 12 AFP THE UNIVERSITY of London Institute of Education will introduce a scheme soon to allow private students to pay their fees by nine monthly instalments. Students of the university are now paying their fees at the beginning of every session. Two of the university's officials
    AFP  -  270 words
  • Article
    LONDON STOCKS
    863 12 LONDON, Mon. The market was basically steady after a fairly quiet session today, dealers said. At 3pm, the Financial Times index was up 1.5 points at 478.7. Dealers noted little reaction to the falls in retail sales volume and industrial production though the leaders generally finished below the
    863 words
  • Article
    Lock icon DOW JONES EDGES HIGHER
    113 12 AP NEW YORK, Mon Stock prices edged up in early trading today as some major US Banks reduced their prime lending rates to 17.5 per cent. The Dow Jones average of 30 industrial issues was up 1.80 to 987.57 in the first half hour. Advances outnumbered
    AP  -  113 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      379 12 DIRECT MAILING :?i W(I i Do you want to reach the 5,000 top executives in Thailand? The top 3,000 Government Officials, Doctors, Engineers, Architects, Construction Businesses or any other group? Utilize the best and most up-to-date mailing service available at reasonable rates. For details please contact: TRADE PARTNERS LTD CONSULASIA
      379 words
    • Advertisement
      Page 12 Advertisements Column 2
      212 12 IJfThe Axel Johnson Group supplies loading equipment for ports m K se I 'i I m J I t iD. "Ganz" cranes are better known for their outstanding quality and safety in operation. The portal cranes are suitable for both hook and grab operation, and mixed-operation models are available to
      212 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      60 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally fair. Report for 24 hoars prior to 7.3# pm on March IS at the airport. Maximum temperature 33.1 Associated humidity j 59 Minimum temperature 24.5 Associated humidity 96 Hours of sunshine 10.30 Rainfall in millimetres Nil Total rainfall for
      60 words
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  • SHIPPING TIMES
    • Article
      Lock icon Thailand to develop its merchant fleet
      340 13 AFP THAILAND is planning a major new effort to promote the development of a merchant fleet. The Bangkok Post newspaper said up to 500 million baht will be earmarked for the effort under the Fifth National Economic and Social Development plan, which begins in
      AFP  -  340 words
    • Article
      Sharp increase in diesel imports at Johore port
      676 13  -  By G DURAIRAJ Although palm oil was the single largest commodity handled by Johore port for the fourth year in succession, dramatic increases in the import of diesel and export of sawn timber were recorded in the throughput for the port last
      676 words
    • PORTSIDES
      • Article
        Singapore-M'sia talks
        44 13 THE Singapore and Malaysia National Shippers' Councils are expected to take a joint stand today in talks in Kuala Lumpur on the Far East-East Africa Conference's proposed rate increase. The conference has a 9.15 per cent rate increase effective from April 1.
        44 words
      • Article
        Lock icon Indonesia-ME service
        109 13 Reuter INDONESIA will inaugurate a cargo liner service to the Middle East today with the departure from Belawan, North Sumatra, of a newly-acquired 9,853-ton freighter, Amarta 777. Mr Norman Razak, chairman of the new Indonesia-Middle East Liner Service, said the vessel, of the government-owned Admiral Lines, will leave
        Reuter  -  109 words
      • Article
        Lock icon Filipino request
        94 13 AFP THE UN Economic and Social Commission for Asia and the Pacific (Escap) has been requested to explore "innovative shipping technologies," including use of wind and coal. A Philippine delegate made the request at last week's meeting of the committee of the whole during the 37th session of
        AFP  -  94 words
      • Article
        Lock icon More Greek tonnage
        70 13 AFP THE Greek merchant fleet consisted of 4,414 ships with a capacity of 50,367,308 tons at the end of January, Greek official statistics revealed. Gross tonnage was up by 5.66 per cent, compared with the previous year, but there was a 0.7 per cent fall in the
        AFP  -  70 words
    • Article
      INDEX TO ADVERTISERS
      666 13 Skippimg Liae P»«e CM Shipping Uw PM* C«l Achipelego VII 2 Elma m 4 5 Adriatic IV 2 Ethid vm 2 Afea VI 3 Everett Orient IV 4 Afro-Eurasia VI 2 Evergreen IV 3 A11 trans VI 5 Fargo vn 2 Alpac VI 5 Fesco vn 4/5
      666 words
    • Article
      Container Schedules
      840 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping Gdn Mode of Name No. Time of Lines Operatn Arrival Date Time Ever Lucky 64-05W 15.3.81 0700 Green Asia TA 3 TT Dragoer Maersk 8103 16.3.81 0800 Maersk 51 TT Anna Maersk 8103/04
      840 words
    • Article
      LONDON FREIGHTS
      1476 14 CHARTERING was featured on Friday by the arrangement of a contract of affreightment for 440,000 long tons of coal to be shipped from New Orleans to Le Havre-Hamburg at U5517.40 per ton, brokers said. The tonnage is to be conveyed in shipments of 50,000 65,000 tons spread from
      1,476 words
    • Article
      Lock icon Japan Line to settle its debts
      186 15 AFP JAPAN Line, a major tanker operator, has decided to settle some 10,200 million yen in loans contracted with Japanese banks by the end of fiscal 1981. A Tokyo shipping journal, Shipping and Trade News said the company's decision to seek a halt to
      AFP  -  186 words
    • Article
      SHIPS IN PORT
      316 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Baarn (0900 after Hulin) 44 Frotamanila (after Iwate Maru) 47 Kwangchow (after Cherry Singa) 29/30 Kota Pahlawan (after Kota Melati) 10/11 Kota Ratu (0700 after Kota Panjang) 8/9 Nedlloyd Rhone (after Brinton Lykes sails) 3/4 Rupea (1100 after Arcadian Sun) 35/36 Strathmore
      316 words
    • Article
      Lock icon British fleet pricing itself out of market
      361 15 Reuter THE British fleet is tragically pricing itself out of the market at a time when world shipping as a whole is still growing, General Council of British Shipping (GCBS) president Adrian Swire said. He told the Institute of Chartered Shipbrokers in Cardiff
      Reuter  -  361 words
    • Article
      Lock icon Indonesia tightens safety measures
      155 15 Reuter INDONESIA is tightening maritime safety measures following the sinking of an inter-island ferry last January which claimed more than 1,000 lives, Indonesian Director General of Sea Communications Pongky Soepardjo said. His statement to the press yesterday came after an officer of the Tampomas n testified
      Reuter  -  155 words
    • Article, Illustration
      HK shipbreaking yards continue steady course
      836 15 RAPIDLY rising living standards in Hongkong are having their effect on the territory's shipbreaking industry. The economy is booming and wage levels are rising but this is resulting in a lack of competitiveness in the shipbreakers' yards. Hongkong's shipbreaking activities took off after the
      836 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2304 19 SCHEDULE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum oif three weeks. PN
      2,304 words
    • Article
      ITO orders heavy-duty container stackers
      136 20 THREE heavy-duty container stackers of the straddle type have been ordered from Valmet Industrial Machinery Products Inc of New York for the Port Elizabeth, New Jersey container terminal of International Terminal Operating (ITO) Company. Frank Nolan, vice-presi-dent of ITO said the threetier carriers will be
      136 words
    • Article
      Lock icon Three successive bad years for underwriters
      711 20 Lloyd's Ship Manager THE BLIZZARD that swept across marine underwriters accounts in 1978 and 1979 persisted throughout 1980, so that insurers have now had three successive years of disastrous experience. Yet again, in 1980, there were several losses arising from explosions onboard tankers. In
      Lloyd's Ship Manager  -  711 words
    • Article
      The Consortia
      139 20 THE major shipping consortia operating between the Far East Europe and Straits ports Australia 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 Container Line.
      139 words
    • Article
      US yards' orders may rise by 6pc this year
      287 20 ABOUT 20,000 shipyard workers in the United States will be laid off this year, according to a forecast by the US Department of Commerce. However, the department also predicts that US shipbuilding business will increase in value by 6 per cent
      287 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      461 13 PIL GROUP REGULAR CONTAINER FEEDER SERVICE TO SOUTH EAST ASIA. ALSO PROVIDE REGULAR SEMI-CON-TAINER SERVICE FOR THE PERSIAN GULF AND RED SEA PORTS. See Page V .1A RI)1M AN I AH Orient Overseas Co*ttai*ieA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) •I N BRDGE 5N CKVALO RQ2E 24N KOREAN
      461 words
    • Advertisement
      Page 13 Advertisements Column 2
      279 13 HSEALORDU m UASC UNITED ARAB SHIPPING CO (SAG) GULF EXPRESS MULTI-PURPOSE SERVICES Loading for BN SHUHAD V. 33 Containers Kuwait (27/4). Damnum (30/4). Abu Dhabi (3/5), Dubai (6/5). Doha (9/5), Bahrain (12/5) FULLY CONTAINERISED SERVICE i-lilliilWJ.il-!. 11 ml l J Loading for Dubai (28/3). Kuwait (30/3) Dammam (2/4). Mma Qaboos
      279 words
    • Advertisement
      Page 13 Advertisements Column 3
      863 13 FOR PEOPLE WHO MATTER MAERSK LINE lEXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS Feeder V L. LEONHARDT '3vii.Tr faV&'l'iV'A T TT7ii SINGAPORE CLOSMG INKS CY 22nd March 1500 MRS CFS 21st March 2400 HRS Singapore Longbe&ch New York Wi mm TO: BELGIUM, HOLLAND, GERMANY,
      863 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      1006 14 MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Container Service Also Acceptng Far: 1) Barcelona Genoa. 2) Amsterdam. Antwerp L Hanre. Bilbao. Basle UK. 3) Bremen Bremenhaven. Aarhus Copenhagen. Helsinki 4)
      1,006 words
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      Page 14 Advertisements Column 2
      251 14 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA KIT MMMLS "BARBER TONSBERG" Mar IS. "BARBER MENELAUS" Mar 21 "BARBER PRIAM" Apr 4. "TSU" Apr t Ml KSSUS KITH S4KAKK AT 4BS TEMMAL GOOOWt 47 TO: PANAMA US ATLANTIC EAST CANADA US GULF •to Feeder''May TO: CALIFORNIA (22 DAYS) VENEZUELA
      251 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      698 15 STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Containerehj) Service To/From Bangkok STW HOK •in h-Pert/17 Mar il/211 V.IMN 23/24 MW 27/211 Swtapore to Sabah, Sarawak and Brunei BANGKOK AGENTS: BORNEO SERVICES LID. BANGKOK TEL 234-1(22 (5 LIES) ENQUMES: *SMGATORE CAON PASSENGERS. TEL ***** H but PKelang Dmart
      698 words
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      Page 15 Advertisements Column 2
      291 15 Franco Belgian Services Fiir_Ea■it French Service with Belgian i-'ar Eastern Lines 1 ace COnsosti 3 SEAPAC CONTAINER SERVICE fun contarcr y»«c: to us* imp sonnet from usa SI l/C GULF L* VOI S/OMSKMT 11/2 13/2 23/2 25/2 lt/3 LARGS BAY 21/3 S/BUNKER MLL 17/2 20/2 2/3 4/3 23/3 VSI *12
      291 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      757 16 Hapag-Lloyd TO NORTH EUROfI IncrpMl Bay larpßa* KMtMlby City [M>|« Osaka Bay TO MEDITEMAIEA Chetjfar Vat Chink* 0* I EXPORTS Ettu KdHMn L TO USA/CANAOA Feeder S parc PK Pen Bilbao Genoa H burg B haven Rdam Antwerp 20/3 30/4 3/5 23/4 24/3 26/3 31/3 26/4 6/5 4/5 31/3 29/4
      757 words
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      Page 16 Advertisements Column 2
      788 16 LINE KOREA Tom P. Ketang PENANG S PORE ALTAR 161* 16-19 March 20-23 March 24-26 March FROM BUSAN BANGKOK ALTAIR 162E 16-19 March 20-23 March 24-26 March TO BUSAN VEGA 159W 14-18 Apr! 19-21 Apr! 22-24 Apri FROM BUSAN BANGKOK VEGA 160E 14-18 Apri 19-21 April 22-24 Apri TO BUSAN
      788 words
    • Advertisement
      Page 16 Advertisements Column 3
      524 16 EVERGREEN LINE FAR EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTWG CARGO FOR: UNITED KINGDOM SOUTHAMPTON. LONDON, MANCHESTER BIRMINGHAM. BRISTOL. LIVERPOOL GLASGOW. LEEDS ETC. WEST GERMANY Mowr HOLLAND AMSTERDAM 1 F*fa»»»we Itowwt It Hawi Eft> WW 21/03 12/04 14/04 it/04 li/W 20/04 f-ai VJ w 2E a n/M n/M »/M ittt «ttar»
      524 words
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      Page 16 Advertisements Column 4
      839 16 BURMESE NATIONAL LINE KTW 29/11 Ho nm M» M «/JI Ifcr •jm 4/7 %r BFS S C Agents <n Mokjyso BOUSTEAD SHPHNG TIL NOS tCL *****2/*****9 P> IhwMciw IliKiliiwfl S. A. C.I. F. *JwJ "ARGENTINE NATIONAL LINE" \y LOAOMG FOR DURBAN MONTEVDEO BUENOS ABES Sport 30/31 Mar Transportadon Nbritima MtxicMi
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      Page 16 Advertisements Column 5
      271 16 mO.S.E. OCEAN SHIPPING ENTERPRISES PTE LTD SANKYO LINE KYOWA LINE TAIYO MARINE LINE WEST AUSTRALIA SERVICE S'pore P KeUnt PAKARTI DIM V-4S 24/25 Mar 23/24 Mar Loadmt far FREMANTLE (Part HedUnd, Geratdton. oampler Broome) Subject to Inducement GENERAL AGENTS SUB AGENTS P. KELANG: OCEAN SHPPMG I ENTERPRISES PTE LTD SMGAPORE
      271 words
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      Page 17 Advertisements Column 1
      894 17 L. I PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH. JEDOAH AQABA (Reefer Cntrs Acceptable) S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ LCI Closinf IS/3 1600 MtS. FCI Ctosrf 19/3 2000 WB EAST AFRICA/REDSEA SERVICE Singapore P.Kalang Panang Loading for: Singapore P.Kalang Panaog Loading tor HOT AMAH A 25/30
      894 words
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      Page 17 Advertisements Column 2
      923 17 BEN LINE CONTAINERS EXPRESS com WO SERVICE TO/FROM EUROPE HBUBG B HAVEN ROAM HAVRE SO TON TO El*0« Spo'f P Austna Artaerp FrmuUUl Kaluga Mara Saitd ta Part 7/4 9/4 11/4 12/4 5/4 LnrenMrtßay ..19/3 t/4 1/4 1/4 11/4 12/4 E*p«a» */J a/I 17/4 U/4 20/4 22/4 15/4 Kaata« Bar
      923 words
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      Page 17 Advertisements Column 3
      693 17 Scan Dutch? WEEKLY EXPRESS CONTAINER SERVICE p ERS? nmu sT" k^rnote ?l/3 JT t PtNAGA 21/3 OAMIA 4/4 8 KNAG* 10 4 B DAftlA 17/4 6 PfNAGA ?4/4 UUMOM 6 PIUMAi wo our NMON s(iwa* I) Barcelona Genoa Lerwn ;> Amsterdam Antmerp. If Hint BJtuc Basle Sim (OPT) Inerpool UK
      693 words
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      Page 17 Advertisements Column 4
      611 17 BOUSTEAD SHIPPING AGENCIES sa SINGAPORE eta Reunion Durban Capetown Pt Eliz BANK LINE FOR REUNION I SOUTH AFRICA BALDER ZEA DAWN Lines U.S. WEST COAST SERVICE D*ed tram SfO Lbclt SPORE BR INT ON LYKES Sid G1 LESLE LYKES Sid SM 10/4 ASHLEY LYKES 13/4 11/4 17/5 tor Site T*
      611 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      818 18 K LINE KAWASAKI KISEN KAISHA. LTD. EXPRESS CONTAINER SERVICES TO NORTH AMERICA Earter t««4er •«uh aha avaiaMt on rtqunt Cargon afco acc*<aMt for Oakland. Vanaancr Portland. Houston. Galveston N Boston. St Jrtn. PMaOfrta NorM. Baftmrt Saramah. JackiooWk TO EUROPE S pote P Kelang L Havre ff'dam H'burg Bremen (KC«p«m cargMt
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      Page 18 Advertisements Column 2
      668 18 Im*i( tar lOS MWLfS SAN FRANCISCO. SCATTU. TACOAA. VANCOUVR BC Acccptnf Fa/Fa Man *sw« PAUAV Stfc" 1 mST' a"3T" AUSTRALIA EXPRESS CONTAINER SERVICE Acccpfeßf FCI/FCI M«n P Mar* Sport Bri MHb AM Sjrd Fn "Y lUMD 23 Mj' 24Mar 6 Apr 13 Ap 23 Apr KAMOAS 13 Apr 14 Apr
      668 words
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      Page 18 Advertisements Column 3
      434 18 A(■ ■■<>ill > SINGAPORE SHIPPING AGENCIES PTE LTD 20TM F LOOR OCE AN BUILDING SINGAPORE 0104 MARKETING *****2 (3 L INI SI GENERAL *****1 14 LINES TERMINAL Of FICE *****83 TELEX RS24S9b RS 2SS6B A BCARSHIP CABLE CARGOSMIP ItCflMHial "TUI 111 111 ...II Loiitniiier Lines WEEKLY CONTAINER SERVICE to/from BANGKOK
      434 words
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      Page 18 Advertisements Column 4
      551 18 KORINS MARITIME SERVICES Room 601 iCB BLjitdinq Wa> Singapore Tel *****22 *****67 r Kelany Tel *****4 *****5 MIDDLE EAST/RED SEA/EUROPE SERVICES \\JL SAfVI ,c LINES A member of th; Samick Group o» Companies FROM KOREA/TAMAN/HONG KONG TO SMGAPORE Mm Busan Ki«ta| HJUnt S port 1 Mar 7 Mar 14 Mar
      551 words
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      Page 18 Advertisements Column 5
      653 18 \^m INTRASEA (PTE) LTD Faber House 234E Orchard Road Singapore 9 Telephone *****1 V *****57 BENMVIS NBIO3. MION NBIO4 MKPOBOIT SERVICE TO EIMOPE S'pprt P. Ktlang SJM SJM 5 Apr 31 Mar wang Lm*k tar BOULOGK/HMM/ UK(AVON) M kf* MTWSEA (HE) LTD *****11 BOOKMG rami K L«pw no SMPPMG ft
      653 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      503 19 t TO EUROPE/UK (VIA SUEZ): TW BRDGE 5W C. ROZE 24W K JACEWON 12W. MERCATOR 22* K. JACEJM 9W 0. CHEF 24N N. JADE 2W Also accepting cargo to/from Scandinavia TW BRIDGE S pore Closing Times: FCL Cargo 0800 18/3 LCI Cargo 2000 17/3 FROM EUROPE (VIA SUEZ): K. JACEJM
      503 words
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      Page 19 Advertisements Column 2
      373 19 MALDIVE LINES ETA ETA ETA SPORE KUANTAN PORT KELANG MALDIVE NOBLE 20/3 Loading For Jebor All MALDIVE PIONEER 2/4 Loading for Jeddah MALDIVE NOVEL 30/3 Loading tor Kuwait MALDIVE PRIZE 25/3 Loading For Bahrein/ Dammam/Kuwait MALDIVE MPORTER 30/3 Loading For Male MALDIVE NEIGHBOUR 15/4 Loading For Dubai/Kuwait MALDIVE ENVOY 20/3
      373 words
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      Page 19 Advertisements Column 3
      85 19 SINSOV SINGAPORE SOVET SHIPPING CO PRIVATE LTD SftSOV BULDMG 55, Market Street Singapore 0104 Telephone Numbers *****3 (10 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG M/S SHARK AT NAH SOON SON. BM>. IST AND 2ND FLOOR. NO 1. JALAN CEMPEWNG, PORT KLANG.
      85 words
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      Page 20 Advertisements Column 1
      366 20 /dANTOLL LINES D«ect B Ls to BRISBANE SYDNEY ME IB (GEELONG). ADELAIDE Independent FCL Container/Conventional Liner Service SINGAPORE L N SUPPING PTE LTD 1401-5, Rotwa House Shenton Hay Saifapore 0106 Tlx RS ***** Tel *****11 B*js *****43 *****23 WIST MALAYSIA HS H (M) Sdn Bhd KL Tel *****3 *****7 Pt
      366 words
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      Page 20 Advertisements Column 2
      347 20 JOHORE SHIPPING LY 161. lALAN TENGI %/e cfl>~ SFIAN( TENGKU BAOAR PORT KfLANG SELANGOR MALAYSIA HAJ SHIPPING SDN. BERHAD i Express Unitload Service from P Kelang East Malaysia Brunei (Accepting cargo lor palletising in LPK Gdn No: 3 (South Port) BINTULU CONTRACTORS SDN. BERHAD 37. Pandunfan Road. Kudng. Sarawak. Tel:
      347 words
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      Page 20 Advertisements Column 3
      352 20 SOON SENG GROUP Regiiar Service To East M'sia VKSt P Klang Spore Loading tor FONG SIANG Voy 3/« l 20 Mar KK/Tawau FONG SOON Voy 3/81 5 Apr Kuchmg/Sfco 'in< mal *UA JMPIJ# PORT KFIAN6 A*ent k Soop Seng Sftiptxnj Son Bhd 73 lata" Meia»u Tel 03 *****4 *****0 'ft*.
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      Page 20 Advertisements Column 4
      52 20 NOTICE G rr K\ERETT STEAMSHIP CORPORATION 8/A •1 "TkMiMnmn" V«y. M-W Ami: Mi Marrk IMI Ptaee af Sarvey: PA*. Qte: nnt General Survey on damaged carjjo disc harmed ex the above vessel will be held on 17th March 1981 from 8 30 a.m. No further survey will be held after
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      152 20 Regional Weather N A 35 L* W 2TL BwS rr* JLi£ Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots V cw Wave height Cloudy Sky Sarface winds are Indicated by arrows which fly
      152 words