The Business Times, 7 April 1981

Microfilm: NL11000
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 TUESDAY, APRIL 7, 1981 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Markets nervous
      64 1 Reuter LONDON, Mon. Concern over Soviet intentions towards Poland caused nervousness in financial markets today, bolstering the US dollar to the detriment of other currencies and adding US$l3 to the price of an ounce of gold. Bullion markets in London and Zurich traded gold at about $535 an
      Reuter  -  64 words
    • Article
      Lock icon Bomb explodes
      59 1 Reuter NEW DELHI, Mon. A bomb explosion damaged an oil pipeline forcing suspension of pumping operations in the north-eastern state of Assam which has been plagued by prolonged anti-immigrant agitation, the Press Trust of India reported. The explosion occurred last night about 140 km from Assam's capital of
      Reuter  -  59 words
    • Article
      Setback for project
      59 1 ADELAIDE (Australia), Mon. Australia's promising Rundle oil shale project received a major setback today when its partners announced the scrapping of a pilot plant because estimated costs trebled during the past year. The partners Esso Australia, Southern Pacific Petroleum, and Central Pacific Minerals made the announcement at
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    • Article
      Lock icon Kremlin Connection
      70 1 AFP LONDON, Mon. South Africa and the Soviet Union maintain discreet contacts to control the world markets for platinum, gold and diamonds, according to a documentary to be screened by BBC television here later today. The documentary, entitled "Kremlin Connection", says that as the two countries have no
      AFP  -  70 words
    • Article
      Lock icon Nuclear strategy
      86 1 UPI BONN, Mon. Nato defence ministers began arriving here today for a key two-day meeting to plot the alliance's future nuclear strategy at a time of growing international tension and increasing neutralist sentiment in Western Europe. The meeting of Nato's 13-nation nuclear planning group last week threatened a
      UPI  -  86 words
    • Article
      Lock icon Fighting escalates
      86 1 AP LEBANON, Mon. Syria scrambled its Soviet fighters and lost 12 of them in the last 18 months in attempts to counter Israeli bombing raids on Palestinian guerrilla targets. Israel, on the other hand, struck deep inside Lebanese territory in more than 20 raiding missions last year. Last
      AP  -  86 words
    • Article
      Uranium discovered
      65 1 KUALA LUMPUR, Mon. Surveys conducted by the Malaysian Geological Survey Department show that there is uranium in Kelantan and Trengganu. But it would not be profitable to begin mining the mineral. The department's director general, Mr Chung Sooi Keong, said that his department has known about this for
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  • Chief Price Changes
    • Article
      SINGAPORE
      130 1 Rises Keppel Ship 670 High A Low 318 Fiber Merlin 269 Y H S 400 H Leong Credit 800 Supreme Corpn 72S Eu Yan Sang 340 Tong Meng 238 Olympia 225 Spore Land 1110 Magnum Corpn 1030 20 18 18 16 15 15 14 14 12 10 10 Indices
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    • Article, Illustration
      KUALA LUMPUR
      160 1 Rises Indices Jacks Int 570 354 830 900 1140 1440 2300 610 45 40 40 40 40 40 40 35 B.T.Index: Apr 3 Apr 6 *****8.44 *****2.63 Mega Malakoff Boustead Perlis A Hitam M U I Ind Pac Dev Industrials: Finance: Hotels: Properties: Tins: (rubbers: 1055.93 1564.66 494.07
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  • Article
    DBS restructures group activities
    604 1  -  CREATION OF THREE DIVISIONS By CHOO AI LENG THE fast-expanding Development Bank of Singapore (DBS) has mapped out its corporate structure for this decade through an extensive re-organisation of the group's activities. The re-structuring basically involves the creation of three separate divisions banking, real estate, and
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  • Article
    Marginal rise in timber exports
    273 1 TIMBER exports from Singapore in January increased marginally over December, but recorded a drop from the previous January. The total volume of timber and timber products exported in January was 159,643 cubic metres worth $98.3 million. This represents an 11 per cent increase in volume
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  • Article
    Times Pub to spend $35m on new plant
    528 1  -  By FONG MEW LENG TIMES Publishing is to invest about $35 million in the setting up of a new printing plant in Jurong. The company has bought a 30.650-square-metre plant from Bridgestone Singapore for $12 million to house its newspaper and magazine
    528 words
  • Article
    Consultancy service scheme
    350 1 THE Association of Consulting Engineers says the international consultancy service scheme, a tax incentive to help engineering consultancy companies in their export drive, is not meeting its aim. The scheme allows a reduction in tax on export profits from the normal rate of 40 per cent to
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  • Article
    American piling company likely to win $26m job
    279 1 RAYMOND International, l*rge American piling company, is Ukelv to be awarded a tU million contract to undertake piling work far the $7M million Marlaa Centre. The American company started test piling on the site two weeks ago. It is believed award of
    279 words
  • Article
    HLI climbs on property bandwagon
    441 1 HONG Leong Industries (HLI) is the latest Malaysian industrial company to have climbed on the lucrative property bandwagon. Yesterday, it announced its purchase of a property development company operating in Selangor to widen its base as well as earnings capacity. It is taking over the
    441 words
  • Article
    Dishoarding of gold
    149 1 HIGH gold prices last year caused widespread dishoarding of the metal in West Asia and the Far East Most of the countries in these two regions became net suppliers of gold for the first time in nearly a decade. Singapore's net exports to Europe totalled 45 tonnes.
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      35 1 READING HABIT a Times Bookshops I«n(Mii4Cnnr lofcuUiilr CUC**»m* SOCIALISTS CfNTM *IA/ASINGA*J«A M 106 OCWd *1 OcN-1 »o*J T«t 13J21T1 d"*V3 «3*J T,i J3^V*6 -w>: I •CLl'*o«oCf»»TW§ •»Q«iN*HOu« 'r 2»2%" T 9»3' SN»m« T* ***** M
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      Page 1 Advertisements Column 2
      46 1 FRATA NGWS Mina SPACE AVAILABLE FOR BREAK BULK CARGOES VESSEL ETA 20TH APRIL 1981 COMPETITIVE FREIGHT RATES FOR MORE INFORMATION PLEASE CONTACT MR. TAN KAY HOCK MRS. JUDY TEO FRATA SHIPPING PTE. LTD. Suite 801,8 th Floor, World Trade Centre, Maritime Square. Singapore 0409 Telephone: *****04
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      Page 1 Advertisements Column 3
      81 1 I SHIPPING TIMES Thailand urges US to reject LIMITED-RISK participation in asylum plea 2 commodity funds 7 POLES plan resistance in event SINGAPORE a net exporter of of Soviet intervention 3 gold to Europe 9 AUSTRALIAN anions pushing LONG queue for NOL share for shorter working hours 6 application forms
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      Page 1 Advertisements Column 4
      240 1 i The Singapore's Straits Business Times World DIRECTORY at your of Fingertips Singapore j (Buku Merah) See page 9 Flyvia Amsterdam unique gateway to the UK Why via Amsterdam A total of 358 flights per week connect Amsterdam with 22 major centres in the UK and Ireland. Which means that
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  • REGIONAL
    • Article
      Lock icon Bangkok asks US not to accept Sant
      478 2 UPI THAILAND asked the United States yesterday to reject a request for political asylum from the mastermind behind an abortive 56hour military coup. Senior Thai foreign ministry officials said the US Embassy in Bangkok and the Department of State in Washington had both
      UPI  -  478 words
    • Article
      Lock icon Biggest casualties
      204 2 UPI ONE OF THE biggest casualties of last week's abortive military coup was Thailand's tourist industry and for most hotels and resorts, the coup isn't over yet. "We were supposed to be full both Saturday and Sunday," said Gary Hoagland, general manager of the 400room Siam Intercontinental Hotel.
      UPI  -  204 words
    • Article, Illustration
      Lock icon MARCOS MEN EXPECT MASSIVE VICTORY
      324 2 AP MORE THAN 25 million Filipinos prepare to vote today in a plebiscite on constitutional amendments following a governmentbacked campaign in which street banners and media broadcasts urged a "yes" vote. Officials predicted a 4 to 1 positive vote for the amendments that would pave
      AP; Source: AP photo  -  324 words
    • Article
      Lock icon HK fashions leave buyers speechless
      234 2 AFP BUYERS and reporters were rendered almost speechless by the gala fashion presentation which opened "Mode Hongkong '81" in Paris on Saturday night. The Hongkong Trade Development Council said that an audience of more than 3,500 buyers and press from all over the world crammed
      AFP  -  234 words
    • Article
      Lock icon M'sia, India agree to expand trade
      407 2 AFP MALAYSIA and India are to take positive steps to enhance their two-way trade and strengthen economic cooperation between the two. countries. This was stated in Kuala Lumpur yesterday by Malaysian Foreign Minister Tengku Rithauddeen after his talks with the visiting Indian Minister of
      AFP  -  407 words
    • Article
      Lock icon Australia may review oil policy
      432 2 Reuter THE increasing cost of Australia's oil search and development costs may lead the government to re-examine its policy on foreign participation in oil exploration projects. At present, Canberra requires companies in this area to be at least 50 per cent Australian-controlled. Mr A 1
      Reuter  -  432 words
    • THE REGION IN BRIEF
      • Article
        Lock icon NO CLEAR INDICATION
        429 2 Agencies VIETNAM has yet to give a clear indication as to how to bring about a political settlement in Kampuchea, UN special envoy Mohamed Essafi said yesterday. Vietnamese leaders have stated that they would be "flexible" on the Kampuchean issue. "But Vietnam has given no clear indication
        Agencies  -  429 words
    • Article
      Lock icon Qatar's condition for oil supply to Japan
      137 2 Reuter QATAR has threatened to stop crude oil supplies to Japan unless Japanese traders accept a USJ6.SO a barrel premium on the official price of $37 23 for sales from this month. Trade sources in Tokyo said the dispute over prices, unchanged from
      Reuter  -  137 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      241 2 r mmffim& ?<j .mL r „< s a new apartment wasn't enough logive Jonn and Mary a new home. m%- .t. ■> J V h Q- •j r; :^pp|ppppp J V ,-{V v iA f I# ;<a >< v'.'i v« A„«* > ■< V 4^. 4 Mfl m£W •Ok i*.
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    • Advertisement
      Page 2 Advertisements Column 2
      15 2 Leader...page S FURNITURE Wll H Touch of Class LUXURY INTERIORS PTE. LTD. 321. Plaza Singapura
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  • OVERSEAS
    • Article
      Lock icon London petroleum futures market off to good start
      359 3 Reuter THE NEW International Petroleum Exchange opened yesterday in London with prices for gasoil much in line with expectations and broadly similar to those in Rotterdam at US$3OO a tonne or higher for forward contracts. Prices edged higher after the opening of
      Reuter  -  359 words
    • Article
      Lock icon FINANCE MINISTERS TO MEET
      108 3 Reuter THIS week's meeting in London of the Finance Ministers of the group of five industrial nations will be the new US administration's first opportunity to discuss its economic ideas with major Western partners. The group of five normally confers privately before the International Monetary Fund
      Reuter  -  108 words
    • Article
      Lock icon Need to improve infrastructure
      185 3 NYT THE United States must make major improvements in its deteriorating public facilities before it rebuilds its industrial base. A new study sponsored by the Council of State Planning Agencies concluded that between onehalf and two-thirds of America's cities and other communities would be unable to
      NYT  -  185 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      840 3 ARRIVALS Service Local Operator Number Time From PAA PA005 0040 JFK SFO HKG MAS MH601 0630 KUL MAS MH680 0645 KCH CARGO CV796 0715 LUX/DXB SIA SQI01 0815 KUL MAS MH811 0815 PEN MAS MH603 0830 KUL RBA BI427 0930 BWN MAS MH671 1000 KUL SIA SQ201
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    • Article
      Lock icon Haig's words of support please Israelis
      182 3 Reuter ISRAELI officials showed warm appreciation yesterday for the assurances of support heaped on them by US Secretary of State Alexander Haig on his first visit to the Jewish state. Mr Haig started emphasising the US commitment to Israeli security and prosperity as soon
      Reuter  -  182 words
    • Article
      Lock icon Poles' action plan to resist invasion
      653 3 DISRUPTION OF SYSTEMS Agencies THE POLES have worked out a plan for widespread resistance in case of a Soviet military coup in their country, the French newspaper Le Soir said yesterday. Quoting "especially authoritative and very reliable" Polish sources in Warsaw, the newspaper said
      Agencies  -  653 words
    • THE REGION IN BRIEF
      • Article
        Lock icon RESOLVING CAR ISSUE
        472 3 Agencies A US government mission arrived in Tokyo on Monday with a special White House task force plan to rehabilitate the troubled US car industry and to resolve the prickly issue of Japanese car exports to the US. An embassy spokesman said the mission, led by assistant
        Agencies  -  472 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      384 3 Beijing. First Chicago is there. JS 35.4 On October 21, 1980, First Chicago became the first U.S. bank to open a Representative Office in the People's Republic of China. The first to give you direct access to a world of new business opportunities. First Chicago, Beijing, is staffed with experienced
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  • RAW MATERIALS
    • Article
      Tin price battle today
      515 4 MALAYSIA. Bolivia and other tin producers are expected to press hard for an increase in the range of prices within the current International Tin Agreement at a four-day meeting in London starting today. Informed sources said, -however, that they were likely to find strong opposition from
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    • Article
      PALM OIL
      158 4 ..THE Kuala Lumpur market yesterday closed mixed on lack of buying interest in quiet tradfng, dealers said. In April, the southern region rose Mss to $960 a ■tonne while the central and northern regions were traded at $960 and $975 respectively. t In May, central and south slipped
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    • Article
      RUBBER
      188 4 THE Singapore market yesterday closed slightly higher with April One RSS buyers quoted at 241.50 cents per kilo, up 3.50 cents from last Friday's close, dealers said. Morning prices were marked up slightly about 1.50 cents on higher London advices and some trade buying, they said. Afternoon prices gained
      188 words
    • Article
      RAS PRICES
      386 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. 235 00 236 00N 238 50 239 50N Int. 1 R.S.S. April 238 00 239 00 ***** 242 50 Int. t R.S.S. May 243.50 244
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    • Article
      SSR and SMR
      125 4 NOON SSR ai >d SMR pnce* vaaterdav RAS April May (Curreat Mth) (Forward Mtbt Buyer* Seller* Buyer* Seller* SSR 20 (1 ton pallet) 223.50 225.50N 225.50 227 SON SSR 50 (1-ton pallet i 220 50 222 50N 222.50 224.50N MRELB April May SMR CV (1 ton pallet
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    • Article
      Lock icon PALM OIL OUTPUT
      136 4 Reuter MALAYSIAN crude palm oil output rose to a record 2.58 million tonnes in 1980 from 2.09 mln in 1979, the statistics department reported. In December, Peninsular Malaysian crude palm oil output fell to 173,121 tonnes from 193,298 in November and 174,583 a year earlier. Palm kernel
      Reuter  -  136 words
    • Article
      Straits Tin
      66 4 THE STRAITS tin price in Penang yesterday fell 34 cents to M 531.30 a kilo, still within the International Tin Agreement's middle range price of $30.01 to $32.74, dealers said. The fall was a technical adjustment to last Saturday's rise and reduced buying from all sources. Turnover rose
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    • Article
      CLOSING PRICES
      34 4 Rubber: April 6 Singapore: April: 241.50 cents (up 3.50 cents) Malaysia: April: 261.00 cents (up 2.00 cents) Tin: M $31.30 per kilo (down 34 cents) Official offering: 187.035 tonnes (up 2.035 tonnes)
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    • Article
      Lock icon Forecast of volatile oilseeds market
      182 4 Reuter INTERNATIONAL market prices for edible soap oils and fats are likely to be highly volatile in the second and third quarters this year in response to weather conditons during the crop development period, the UN Food and Agriculture Organisation, FAO, said. "The market is
      Reuter  -  182 words
    • Article
      Produce exchange
      192 4 CHINESE Produce Exchange, Singapore, noon closing prices per 111 kg yesterday. oconut oU: Bulk fob $115 00 sellers, old drum (in second hand drum) (ob $128 00 sellers, new drum fob $134.00 sellers. Copra: Mixed (loose) $62 00 buyers. Pepper: Muntok white pepper fob Asta NLW $415.00 sellers.
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    • Article
      TEXTILES
      205 4 YARN and cotton prices were quoted as follows in Hongkong on Friday. The market was closed yesterday: (In HK dollars, spot ex-go-down Cotton yam: China Blue Phoenix 20s 2.300 32s 2.840. 40s 3.040 (per bale of 400 lbs>. Piece goods: China Butterfly and Globe brand unq; Dragon Head unq;
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    • Article
      RICE
      328 4 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1 30. 100 per cent second class 1.08. 100 per cent third class 1.05, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80.
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    • Article
      Vegetable oil output
      38 4 VEGETABLE oil production in state-owned facilities in the Soviet Union during September-January. 1980 81, was 1.21 million tonnes, against 1.33 million last year and 1.38 million two years earlier, the US Agriculture Department said. Reuter
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    • Article
      LONDON MARKETS
      861 4 COFFEE: Robusta futures yesterday ended the morning steady, around £8 higher in near months, reflecting easier sterling against the dollar in an otherwise featureless market, dealers said. Values remained within the current trading range although new months were approaching an area of overhead resistance. There was no news
      861 words
  • ASIAN STOCKS
    • Article
      Big capitals lead active buying
      541 4 TOKYO THE Tokyo Stock Market average yesterday rose 58.85 points to close at a record 7,447.74 in moderate trading volume of 360 million shares, dealers said. Big capitals led the advance on active buying by Japanese corporations, whose interest burdens are eased by last month's
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    • Article
      Sydney
      353 4 THE market yesterday closed higher in heavy trading after heavy overseas buying of oil and mining issues, and sentiment was aided by firmer gold prices, brokers said. The All-Ordinaries index rose 8.2 points to a yearhigh 737.3, the all resources 12 to 734.0, the oil and gas index 15.6
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    • Article
      Selected indices
      32 4 H.K.HANG SENG Monday Closed Friday 1409 06 Week Ago 1377 79 AUSTRALIAN INDUSTRIALS Monday 743.1 Friday 739J Week Ago 72S.8 ALL ORDINARIES Monday 737.3 Friday 729 1 Week Ago 709.6
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      173 4 JUST WHEN YOU THOUGHT YOU'VE GOT IT ALL... U-BIX Y3R GOES A STEP FURTHER. n u .tSi-jr.: ÜBIXV3R COPIERS T\KE REDUCTION TO 2 SIZES. Not only does the V3R give excellent size to size copies, it's also capable of producing H IbHikl Jlf reductions to 2 sizes 20% and 50°/o
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      Page 4 Advertisements Column 2
      108 4 ANTWERP JOHANNESBURG HONGKONG PRESIDEX SINGAPORE los angeles rnwiucA Stockholm I THE PRESIDIUM DIAMOND EXCHANGE I SINGAPORE: 10th Floor, Wellington Building, 20 Bideford Road Singapore 0922. Tel: *****86/7 Telex: ***** HONG KONG: 16th Floor, Lee Hing Building, 54*58 Des Voeux Road Central, Hong Kong. Tel: 5-*****8 Telex: ***** International Inter-Deafer Market
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  • TRADE AND INDUSTRY
    • Article
      A MAJOR SOCIAL OBJECTIVE
      250 5 A PARAMOUNT social objective of the 1980s is the development of a national infrastructure for continuing education and training. "This infrastructure must develop, link and bring together facilities and expertise, instructional technology and learning resources available both institutionally and within industry to employer and worker," said
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    • Article
      Fewer complaints about advertising
      312 5 FEWER consumers and advertisers are complaining to the Advertising Standards Authority of Singapore about advertising. Last year, ASAS recorded a 38 per cent fall in the number of complaints. There were only 23 complaints in the 12 months to January this year compared with 37 the
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    • Article, Illustration
      PEOPLE IN BUSINESS
      124 5 David McCreath has joined the Singapore establishment of Chartered Bank. Mr McCreath joined the bank in 1967 and has held various administrative appointments in India, Saigon, Hongkong and Abu Dhabi, United Arab Emirates, where he spent two years prior to arriving in Singapore. Diners World Forwarders, an
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    • Article
      Training scheme for vehicle mechanics
      252 5 THE Vocational and Industrial Training Board, in conjunction with the Registry of Vehicles, will be starting a scheme to train vehicle inspectors and garage mechanics in inspection, trouble shooting and repairing techniques. This follows the government's decision to introduce compulsory car inspection from January next
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    • Article
      When QC circles are useless
      415 5  -  By JUNE LIM THE establishment of quality control circles among factory operators does not ensure the production of high quality products. Of the defects in a product, only 20 per cent are within the control of the operator and the rest lies with management. For
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    • Article
      Standard Chartered to diversify business
      284 5 STANDARD Chartered Bank plans to extend its worldwide interests into energy development financing. This was disclosed by Kenneth Wetherell, Standard Chartered's recentlyappointed energy adviser who paid a week-long visit to Singapore last month to familiarise himself with the energy situation in Singapore. While in the
      284 words
    • Article
      Sites for fish farms
      104 5 FISH farmers and entrepreneurs interested in developing floating fish and shellfish farms can now apply for a site along designated coastal waters around Singapore. The Primary Production Department announced yesterday that it has introduced a marine fish culture scheme for the private sector to undertake commercial
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      333 5 I #> t: 'A 1 A i M m Drive off a beautiful brand new Mitsubishi Galant GS for only i O A CO Motors, we make it really easy for you to '.v j "laf Js For a mere 10% downpayment, you can jß'Ulrf übishi car or liqht commercial
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  • Article
    New development bank needed
    417 6 THE DEVELOPMENT Bank of Singapore was originally conceived as a source of development financing. However, the activities of the bank over the years have shown that this original aim has been steadily overshadowed by other corporate objectives. The announcement yesterday of the re-organisation of DBS confirms
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  • Article
    Catering to the snob appeal
    238 6 HONGKONG fashion designers can now proudly advertise the fact that their creations are hanging alongside those of leading English, French, Italian and American designers in overseas markets. The colony, once synonymous with cheap and shoddy products, is fast changing its image. It now produces topend
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  • Article, Illustration
    Lock icon INDUSTRIAL TURMOIL
    1013 6  -  Hoping to give Australians increased leisure prompts the Australian Council of Trade Unions (ACTU) to support a shorter working week. The ACTU may not be seeking an immediate across the board 35-hour week but, reports BARRY MOODY, it plans to push for shorter hours in the aluminium, glass
    Reuter  -  1,013 words
  • Article
    Lock icon Case against Tooth Fairy
    894 6  -  Not long ago, New Zealand voters seemed bent on turning Mr Robert Muldoon out of office in the forthcoming election. But now the tide has turned for the ruling National Party in spite of the Prime Minister upsetting children by exposing the Tooth Fairy. COLIN CHAPMAN
    FT  -  894 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      610 6 TWO-IM-OHE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Very rapid writer? (5) 6 Carries with some skill (5) 9 Option to buy a fur-seal? (7) 10 Arrogant about breaking a rod up? (5) 11 A pint to spray? (5) 12 Political associate of those boys of mine (5) 13 Old fools (7)
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      789 6 Sunscorched sheriff IF YOU HAPPEN to be home this afternoon yon might enjoy watching Sunscorched about four desperate outlaws who go on a splurge of killing and plunder after rendering the town's sheriff helpless with the threat of revealing his secret hanging over his head. They go too far and
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  • Article
    Lock icon Biggest investment portfolio in US
    1587 7  -  CORPORATE PLANNING AT PRUDENTIAL —By KAREN ARENSON NYT THERE ARE no computer terminals, no Dow Jones ticker, no stock-quote machines in the spacious office of Frank Hoenemeyer in the Prudential Insurance Co. of America's headquarters in New Jersey. Behind his desk, however, there is a
    NYT  -  1,587 words
  • Article
    Direct response
    567 7  -  Letter to the Editor ERIC STANLEY General Manager OgiJvy A Mather Direct Response (Singapore) Pte Ltd Dear Sir, I refer to your editorial "From mailbox to wastebin" (Business Times, April 2). May I point out that since direct response advertising was established in Europe and the United States
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  • Article
    STRAWS IN THE WIND
    207 7 DID YOU see the little classified advertisement that said "The best value in ex-patriot housing available June 15t...". I wonder if it could be the start of a trend expatriotic Singaporeans vacating their homes to make way for expatriates. IT'S ONE thing to hear Hongkong English
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  • Article
    Lock icon Limited risk only
    786 7  -  FORUM with H J MAIDENBERG NYT MENTION the commodity futures and most investors think of a market best left to professionals or those interested in gambling, not prudent investing. They are usually right because the average investor has neither the expertise or the time to reduce the
    NYT  -  786 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      81 7 Don't Miss !3DSO® d &T] a Southeast Asia 3rd International Exhibition of Materials Handling and Physical Distribution Equipment CONPEX-ASIA 81 S E. Asia 3rd International Construction Equipment Public Works Exhibition 16-20 June 1981 World Trade Centre Singapore Organizers: INTERFAMA PTE LTD. 834. Bth Floor. World Trade Centre. Maritime Square. Singapore
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      Page 7 Advertisements Column 2
      280 7 AMERICAN INSTITUTE OF MANAGEMENT presents a Seminar on ono The Seminar The first of its kind to be held in Asia. The 3-day Seminar is based on the newly revised A.I.M. Management Audit Program, a technique which is widely recognised as one of the best known methods in appraising managerial
      280 words
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  • INTERNATIONAL STOCKS
    • Article
      Corporate merger wave ebbing?
      456 8 THE CORPORATE MERGER, long a favourite investment play on Wall Street, may be on the wane because of high interest rates, stricter govern'ment regulation and difficulty in finding good acquisitions. While merger activity has maintained a generally high level since the early *****, a number of
      456 words
    • Article
      HARVESTER FACES CHARGES
      108 8 ONE OF International Harvester's mure than 2M creditor banks, First NatUonal Bank of Commerce of New Orleans, has demanded payment of Its I 553.5 million loan and has filed suit in federal court In New Orleans to recover the amount. Harvester said it will fight the suit
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    • Article
      125th year
      26 8 CREDIT SI'ISSE will pay dividends totalling 195 million Swiss francs and make non-recurring allocations of 45 million francs to mark its 125 th anniversary
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    • Article
      Continued growth
      293 8 AMERICAN Telephone and Telegraph Co expects 1981 to be an "improving year," said chairman Charles Brown. ATT has reported earnings for the three months ended February, May and August although its fiscal year coincides with the calendar year. The company's earnings for the period to Feb 28 rose
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    • Article
      WORSE THAN EXPECTED
      142 8 PRUDENTIAL Corp Ltd s 1980 overseas results, which showed increased underwriting losses, were worse than expected at the mid-year point, particularly in Canada. Belgium and Australia Group general manager Brian Corby declined to forecast the overall 1981 underwriting outcome, after a L 33.9 million loss reported for
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    • Article
      Lock icon Unilever flotation plan in Indonesia
      145 8 Reuter UNILEVER plans to float of! 15 per cent of its subsidiary PT Unilever Indonesia through a share offer to the Indonesian public, with a prospectus expected in late August The issue is likely to consist of about 8.5 million common shares with nominal value
      Reuter  -  145 words
    • Article
      Losses at GM-H
      80 8 GENERAL MOTORS Holden's Ltd (GM-H), Australia's largest vehicle manufacturer, reported a loss for 1989 of A$ 129.8 million against a profit of $4.f million in 1979. Sales fell to $991.2 million from $1.19 billion. Managing director Charles Chapman said factors contributing to the loss were trimming of
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      610 8 See Page 4 for Asian stocks Where to wine,dine and entertain The American Express Card. Don 1 1 leave home without it. lubertud (IrtU For lunch. For dinner. For a richly rewarding experience. Businessmen's Lunch Monday to Friday $19.50 f service charge 3 > cess Javanese Rijst.afel Saturday Sunday $17.50
      610 words
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      Page 8 Advertisements Column 2
      163 8 s t* ft > 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* MBGOQDAJee I CaehfMjtaM Ox ley Rise
      163 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Increased quotas
      229 9 Reuter THE JAPANESE Finance Ministry has set quotas for Japanese bank participation in syndicated loans in foreign currencies, mostly US dollars, and yen to non-resi-dents in the first half of fiscal 1981 at about US$6 billion and 250 billion yen, respectively. Sources said they are enlarged from about
      Reuter  -  229 words
    • Article
      Lock icon JAPANESE REFUSAL
      98 9 Reuter JAPANESE exchange banks have apparently refused to buy export bills and export letters of credit from Japanese trading houses for Japanese goods shipped to Poland. Banking sources could not elaborate on the amount refused, but said it was not large. The refusal follows a deteriorating financial picture
      Reuter  -  98 words
    • Article
      Lock icon GROWTH QUICKENS
      271 9 Reuter THE GROWTH of the London Eurocurrency market speeded up in the last quarter of 1989, expanding by US$39 billion against $13 billion In the third quarter, the Bank of England said in its latest quarterly bulletin. The figures make adjustment for effects of exchange rate fluctuations and
      Reuter  -  271 words
    • Article
      Lock icon Deadline set for Jamaican loan
      184 9 Reuter JAMAICA'S eight leading bank lenders are hoping that agreements covering a new US$7O million loan and a $103 million debt rescheduling will be ready for signature by late May or early June. The steering committee of eight banks, led by Citibank, has already committed
      Reuter  -  184 words
    • Article
      Lock icon Credit for Garuda
      98 9 Reuter INDONESIA'S flag carrier Garuda Airlines has received US$25O million in credits from European banks for the purchase of six airbuses by 1982. A further $261 million credit had been raised from US banks for the purchase of four Boeing 747s to fulfil Garuda's three-year expansion plan,
      Reuter  -  98 words
    • Article
      Oil exporters' cash surplus declines
      305 9 THE TOTAL identified deployed net cash surplus of oil exporters fell to US$2l.4 billion in the third quarter of last year, from $26.4 billion in the second quarter. The Bank of England said in its latest financial review that in the first quarter the surplus
      305 words
    • Article
      Prime
      20 9 BANGKOK Bank's prime rate is 14 per cent and not 13 per cent as reported in yesterday's Business Times.
      20 words
    • Article
      NET SUPPLIER OF GOLD TO EUROPE
      1041 9  -  By ALVIN TAY SINGAPORE became a net supplier of gold to Europe last year when the price of the metal soared to new heights, reversing a near tenyear trend. Last year, gold was traded at a high of US$B75 an ounce in January before
      1,041 words
    • Article
      Still sitting on the sidelines
      104 9 THE BIGGER Gulf investors have preferred to stay out of the bullion market recently and have not taken major speculative positions because of the metals's narrow trading range. Kuwaiti bullion dealers Jawad and Haider Abulhasan Co said most of the Gulf operators felt that for
      104 words
    • Article
      Income sales slacken
      306 9 FEBRUARY sales of the National Trades Union Congress' insurance cooperative, Income, were disappointing and did not exceed the January figure as expected. Income received 1,001 proposals for $9.34 million in February compared with January sales of 1,489 proposals for $13.47 million in sums assured. Mr Tan Kin
      306 words
    • Article
      Uptrend
      36 9 SWISS National Bank has achieved net profit of 7.5 million francs in 1980 with earnings surplus of 3.4 billion francs and balance sheet total of 44.32 billion francs. Dividend remains unchanged at 6 per cent.
      36 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        529 9 THE US dollar opened firmly in the local market yesterday, mainly due to higher Eurodollar rates. In the course of the day's trading, uncertainty over the situation in Poland strengthened the dollar further against some currencies. Trading was quiet in the morning as the Hongkong market was closed
        529 words
      • Article
        TOKYO
        122 9 THE US dollar for overnight delivery yesterday closed firmer at 214.30 yen, compared with a 213.30 opening here, a 212.80/ 213.00 closing both in New York and on the West Coast and 213.65 here last Friday, dealers said. Trading was a light US$673 million. After opening at the day's
        122 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 13.48 per cent.
        22 words
      • Article
        ASIAN $ RATES
        187 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Apr 6. Closing Asian dollar certificates of deposit for prime names on Apr 6: US DoUara(Spot) Offer Bid 7 days 15*. 15'. 1 month 15 15/18 1513/16 2 months 151/16 14 15/16 3 months 151/16 14 15/16 6 months
        187 words
      • Article
        Discount
        55 9 RANGE of prices offered by discount houses on Apr 6: Overnight: 6'« r i to7'« r -J Call deposits: 6 1 to Closing Buying Selling 3-month Treasury bills 6 9/16 6 7/16 3-month Bank bills 11». 11 3 months CD 10 s 10 .> 6 months CD 10 s
        55 words
      • Article
        Frankfurt
        48 9 FRANKFURT exchanges opening quotes on Apr 6: US 2.1440 55 Stg 4.695 705 Can —1.8112 30 D F1 90.15 28 S Fr 109.67 85 Lit 2.013 18 F Fr 42.40 45 N Kr unq B Fr (con) 6.096 106 B Fr (fin) 5.818 828 Yen 1.0018 33
        48 words
      • Article
        GOLD
        177 9 SINGAPORE gold futures yesterday closed higher in quiet trading in line with the metal's rise in overseas markets, dealers said. Total sales for the day was recorded at 65 lots while volume for kerbs was 54 lots with interest centred mainly on June and August contracts, they said. Prompt
        177 words
      • Article
        Silver quotes
        44 9 Thar* Wed New York 12 19B 12 06B 12 49S 12 3SS Zurich 12 15B 12 10B 12 CS 12 40S Frt Thar* Singapore 12 4SB 12.15 12 RS 12.56S Closing prices in US dollars a troy ounce Source: Credit Suisse, S'pore
        44 words
      • Article
        LONDON
        383 9 THE dollar yesterday opened firm here in quiet trading, supported principally by fresh fears about soviet intentions towards Poland and underpinned by a rise in Eurodollar interest rates. The dollar opened at 2.1450/60 marks compared with the New York close on Friday of 2.1255 75 and a London close
        383 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      174 9 TWENTY POUNDS ST CHUNG 7. fIPTY U S OCULAPS <■% V £20 S5O ZA T' «sftoooooMsUSfcos The Five Star Travellers Cheque Available in dollars and sterling and welcomed world-wide in hotels and restaurants, for entertainment and shopping, for travel tickets, for car hire and motoring expenses. Easy to cash Visa
      174 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1980 10 BID and otter prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acma (3.385) Allied
    1,980 words
  • Article
    Unit trusts
    202 10 SINGAPORE 1 NIT TV I HT (KB-MONTAGl (Maaagerr" prim for Apr 1) (Maaagers' price* Union Spore Fund i for Apr 7) The Commerce 3 84 4 04 1 62xd 1 67xd The Savings Fund 1 S pore Prog Fund 2. II 2 22xd 162 170 INCOME BOND I
    202 words
  • Article
    SHARE INFORMATION SERVICE
    2796 10 GrV Gr's Net 1981 Last Div Div Yld P/E Vol Day High Low Coapaay Sal* or- Cvr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 300 320 Ac ma 338 14.5 2.8 4.2 13.7 Alcom 300 12.0 2.5 4.0 17.0 209 130 Allied Choc 206 3 4.0N 1.9
    2,796 words
  • Article
    In Kuala Lumpur
    2167 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. IMHOTRIALfi 4|mmU (3 228) Una (2 888 2 90S) (4) 2 .A
    2,167 words
  • Article
    COMPANY MEETINGS
    47 10 MALAYSIAN Amerleaa Assaraace Ctmpaay Berhad: AGM to be held at 30th Floor, KL Hilton Hotel, Jalan Sultan Ismail, Kuala Lumpur on April 9 at II am. Kl'ALA Lampar Kepong Berfcad: EOGM to be held at Ladang Pinji. Lahat, Perak on April 11 at 10 am.
    47 words
  • Article
    Market still a hive of activity
    715 10 THE MARKET remalaed ft hive of activity yoterdfty against ft backdrop t( optimism aad aatlclpatleo. The micMetnd Soviet intervention la Palaad failed U dampen the bullish spirit when, alter aa Initial wait-and-see mood la the marelag, prices rase higher. The Straits Times lad astrial
    715 words
  • Article
    Counters close steady in KL
    616 10 SHARE prices closed steady at the Kuala Lumpur Stock Exchange yesterday despite some profit-taking in the mid-morning. Sentiment was particularly firm in the opening on better carry over interest which raised prices significantly. However, by midmorning, profit-takers had emerged, causing values to dip slightly. Thereafter,
    616 words
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  • COMPANY NEWS
    • Article
      British American Insurance sells stake
      213 11 BRITISH-AMERICANI n s u rance has agreed to sell another 41 per cent of its equity in British-American Bhd to Malaysians. The chairman of the parent company, Mr P Woodson, said that by the end of September and subject to government approval, 51 per cent
      213 words
    • Article
      Selprop land will not be acquired
      411 11  -  By THE CITY STAFF THE MALAYSIAN government has assured Selangor Properties (Selprop) that its Damansara Town Centre property will not be compulsorily acquired. This was disclosed by Selprop's chairman, Dato T K Wen, to keep shareholders informed of the latest developments concerning this 22hectare
      411 words
    • Article
      Goodyield drama takes a new twist
      586 11 THE CONTINUING controversy between the shareholders and directors of Goodyield Holdings Bhd has taken a new twist. Over the weekend, it was disclosed that the directors of Goodyield have lodged a report to the Malaysian police over alleged irregularities in some of the proxy
      586 words
    • Article
      Delayed accounts of Pahang Cons
      104 11 THE LONG delayed accounts of Pahang Consolidated for the year ended July 31, 1960, has again caught the attention of the KLSE. In a letter to the company, the exchange referred to Pahang Cons' notice of an AGM dated Nov 28, 1960, wherein it was
      104 words
    • Article
      Palmco board to meet
      160 11 NEWLY LISTED Palmco Holdings, whose shares have been flying high on the Kuala Lumpur Stock Exchange (KLSE) lately, yesterday said a meeting will be convened of its board of directors to discuss exchange queries on the strong interest in the counter. In its reply to the
      160 words
    • Article
      Balloting
      27 11 MALAYSIAN Oxygen Bhd's balloting in respect of applications for is shares on offer will be held at Bangunan MIDF in Kuala Lumpur on Thursday at 10am.
      27 words
    • In Hongkong...
      • Article
        KA WAH BANK
        128 11 said its earlier announced rights issue of one for two will be at HK$l.6O a share, to raise 5110.4 million. The issue will be provisionally allotted to shareholders on April 30, and funds will be payable on acceptance before May 22. The shares will not rank for
        128 words
      • Article
        DEALING in the ordinary shares of Sino Land
        86 11 will start tomorrow, the company said. Dealing in the warrants will start on April 30 after determination of the warrant subscription price to be announced on April 29. Sino Land was floated by its parent company, Sino Realty and Enterprises, when it
        86 words
    • Article
      Lock icon Steamers' results could have been better
      659 11 MOB HOCK LOCK SIEW FROM the first, it was obvious that there were two black marks on Straits Steamship's commendable 1980 results Ben and Company and Jacks International. Continuing losses at subsidiary Ben and miserable results from associate Jacks slowed down the earning flow
      HOCK LOCK SIEW  -  659 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      790 11 Car ownership has its problems. 'SZ'WEARNES doesn't! We offer as near to perfect a service as you'll ever get! Because the only cars we rent out form part of our franchise range. Which means that every car rented from us is treated as if it's your car. Regularly serviced, maintained
      790 words
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      Page 11 Advertisements Column 2
      1079 11 111 l Jz ifx ¥-J M 5k =J Iftr UNITED OVERSEAS BANK LTD II I I [INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Ninth Annual General Meeting of the Shareholders will be held at the Board Room of the Company,
      1,079 words
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  • Article, Illustration
    Rush for NOL share forms
    389 12 IT WAS not the gold rush that drew such large crowds to the DBS Building in Shenton Way yesterday. The magnetic force came in the form of Neptune Orient Lines' impending listing and the long queue of people, oblivious to the limits of time and
    389 words
  • Article
    LONDON STOCKS
    779 12 LONDON, Mon. Equities were weak while government bonds drifted in quiet trading today, dealers said. At 3pm, the Financial Times index was down 5.3 points at 534.3. Profit-taking at the start of the new tax year and mounting concern over the situation in Poland caused prices to weaken
    779 words
  • Article
    Lock icon DOW JONES DECLINES SHARPLY
    65 12 AP NEW YORK, Mon. The stock market declined sharply this morning amid concern over unrest in Poland and a rise in US interest rates. The Dow Jones average of 30 industrials fell 9.99 points to 997.12 in the first half hour. Losers outnumbered gainers by more
    AP  -  65 words
  • Article
    Ministers of state, parliamentary secretary resign
    303 12 FOUR ministers of state and a parliamentary secretary have resigned. Their resignations have been accepted by the Prime Minister. A release from the Prime Minister's Office last night said: "To enable the Prime Minister to make further fresh appointments, several present ministers of state
    303 words
  • Article
    Lock icon X-ray shows scars in Reagan's left lung
    223 12 Reuter PRESIDENT Reagan's temperature is still going up and down and doctors say that an X-ray has shown scars in his left lung which could have been caused by bacterial infection. But the doctors also said that the scars, along the track of
    Reuter  -  223 words
  • Article
    Lock icon US Navy holds on to UN convention to control the seas
    265 12 UPI THE US Navy and five USdominated seabed mining consortia are holding up the passage of a UN Law of the Sea convention. The US Navy will hold on to the convention to govern the world's seas beyond national
    UPI  -  265 words
  • Article
    Many tin mines in northern Malaysia asked to stop work
    338 12 ABOUT 71 per cent of the more than SN open mines In Perak, Kedah and Perils have been directed to stop productive operations until they have fulfilled the latest safety requirements of the Department of Mines. Some of the mines
    338 words
  • Article
    Lock icon Kuwait wants more money for its oil
    393 12 Reuter KUWAIT has suspended the loading of oil by three major Western oil companies in an effort to obtain a premium price from them. Oil industry sources said yesterday British Petroleum, Shell and Gulf Oil Corporation have told Kuwaiti officials that premiums on
    Reuter  -  393 words
  • Article
    Lock icon Polish crisis of grave concern says Husak
    335 12 Reuter AFP PRESIDENT Gustav Husak of Czechoslavakia said yesterday the growing crisis in Poland is causing grave concern and warned that the communist community would defend its interests. In a speech opening the 16th Czechoslovak Communist Party Congress, he said: "We are not
    Reuter; AFP  -  335 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      231 12 APPOINTMENT GENERAL MANAGER FOR INDONESIAN INSURANCE COMPANY Our client an established General Insurance Company in Indonesia wants to recruit a high calibre General Manager as a result of expansion of the activities of the company. The General Manager must be well qualified and must have extensive experience of all aspects
      231 words
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      Page 12 Advertisements Column 2
      338 12 The Axel Johnson Group supplies a new process for shortening building time by weeks, radically reducing the cost of plastering operations arid increasing surface quality. i i t 1 n m Nr In today's rapid and demanding construction trade, new [A 3-men crew building techniques demand new plastering techniques. days
      338 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      67 12 IWEAT-HER3 Outlook for Singapore from 6 a.m. to 1 p.m. today: Cloudy with occasional light rain in the early morning. Report (or 24 hoars prior to 7.39 pm on April C at the airport. Maximum temperature 30.1 Associated humidity 71 Minimum temperature 23.9 Associated humidity 98 Hours of sunshine 0.80
      67 words
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  • SHIPPING TIMES
    • Article
      College to conduct shipping courses
      181 13 NGEE ANN Technical College will be conducting three evening courses leading to the award of the certificate in ship draftsmanship, certificate in naval irchitecture (endorsement •ourse) and certificate in ;hip construction (endorsenent course). These part-time courses, yhich will begin in June, re designed to meet
      181 words
    • Article, Illustration
      Trio will add another ship to FE-Europe run
      600 13  -  By JAN LEE THE Trio consortium will add another vessel to its Far East Europe service by the end of June, which will increase its fleet to 21 full container ships. The new addition will be provided by Hapag-Lloyd, which is deploying
      600 words
    • PORTSIDES
      • Article
        Lock icon Seoul to boost capacity
        85 13 Reuter SOUTH Korea plans to boost its annual shipbuilding capacity to 3.6 million gross weight tons by 1986, more than double the current capacity of 1.7 million tons, South Korean Commerce and Industry Ministry officials said. South Korea has set a 1986 shipbuilding export target of
        Reuter  -  85 words
      • Article
        Lock icon Portuguese ports' strike
        114 13 Reuter ALL Portuguese ports were paralysed by a nation-wide civil servants' strike in the biggest challenge so far to the government's pay restraint policy. Shipping companies reported that all operations had ground to a halt at the ports which handle the bulk of the country's trade, but
        Reuter  -  114 words
      • Article
        Lock icon Increasing surcharge
        95 13 Reuter MEMBER lines of the Hongkong/Sabah, Brunei and Sarawak Freight Conference announced the bunker surcharge will increase to HKBS per revenue ton, effective May 1. The increase, from $75 at present, reflects substantial increases in bunker prices, the conference said. Meanwhile, member lines of the shipping conference covering
        Reuter  -  95 words
    • Article
      INDEX TO ADVERTISERS
      720 13 Shipping Liar Page C*l Shipping Line P»ge C*i Achipelego vn i Fargo vn 2 Adriatic VI 5 Fesco VII 4 5 Afea VI 3 Flotta Lauro V 5 Afro-Eurasia VI 2 Fortune VI 5 A1 Navigation VI 2 Franco-Belg m 4 5 A1J trans VI 5 Frata
      720 words
    • Article
      Product tanker tonnage may be in excess capacity
      299 14 THOSE with product tanker tonnage on order might well run into difficulties getting it appropriately chartered according to Michael Champness of John I Jacobs Ltd and editor of the World Tanker Fleet Review. Speaking at a European Study Conference on Energy Transportation
      299 words
    • Article
      Container Schedules
      897 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Name Voy Estimated No. Time of Arrival Shipping Lines Gdn Mode of Operatn Date Time Bunga Dahlia 14A 6.4.81 Kota Sahabat 2E/3W 6.4.81 New Pony 08S/09N 6.4.81 Pegasus Pride 166N 6.4.81 Bunga Permai 084 7.4.81 Korean
      897 words
    • Article
      LONDON FREIGHTS
      1583 14 ACTIVITY was dominated by period business on Friday with Soviet charters represented by a fixture for one round trip River Plate after apparently little involvement by them over the last month. Grain business out of North America was relatively quiet but in this sector the Chinese took 38,000
      1,583 words
    • Article
      SHIPS IN PORT
      464 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Advara (after Stella Lykes)l 2 Builder (0700 22 Bunga Gelang (2100 after Asean Pioneer) 45A Gerbera (ro ro) (0700 33 34 Kota Bahagia (0700 after Bhairab) 10 11 Kota Benar (after Johneverett) 13 14 La Rioja (after Mizoram) 44 Min Fu (0700
      464 words
    • Article, Illustration
      New Loveboat
      288 15 THE LUXURY passenger ship, Sea Princess, earmarked to be the next "Loveboat" of the popular TV series, was in Sembawang Shipyard recently for her annual drydocking and repairs. The 27,670 grt cruise ship was on a very tight schedule and all repair work had to be completed within
      288 words
    • Article
      CALL TO LEAVE LINERS ALONE
      272 15 A PLEA to governments not to interfere in the workings of liner conferences in organising international general cargo shipping has been made by Overseas Container director Mr Henry Karsten, former chairman of the Far Eastern Freight Conference from 1972 to 1976. Speaking at an International
      272 words
    • Article
      Ocean Transport and Trading profits soar
      651 15 OCEAN Transport Trading, the first of the British shipping majors to report 1980 figures, recently produced profits which were broadly in line with expectations even if some of the optimists were marginally disappointed. Stripping out ship sales, pre-tax profits shot up from C 16.1
      651 words
    • Article
      Lock icon India to increase shipping tonnage
      122 15 Reuter JAPAN, South Korea. Hongkong and Singapore have responded favourably to the India's request for long-term soft loans to raise India's shipping tonnage. Mr Veerendra Patril, the Indian Shipping Minister, who recently visited Japan and South-east Asia, was quoted by the Press Trust of India
      Reuter  -  122 words
    • Article
      Pao opposes cargo sharing
      283 15 REPEATING a sentiment voiced by several speakers during the tenth annual meeting of the International Association of Tanker Owners. Intertanko, its chairman Sir Yue-Kong Pao said the United Nations Conference on Trade and Development (Unctad) was incorrect in claiming there are barriers to market entry bynew
      283 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1809 19 SCHEDULE The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advance dates are published at a maximum of three weeks. Ship
      1,809 words
    • Article, Illustration
      People In Shipping
      128 20 NEDLLOYD EAC Agencies Pte Ltd has appointed Mr M*gens Refsgaard as assistant marketing manager in Singapore responsible for Scan Dutch Liner Services. He replaces Mr K E Hansen, who now becomes marketing manager of EAC Trans-Pacific Line, in Hongkong. Mr Refsgaard joined the East Asiatic Company Limited
      128 words
    • Article
      Lock icon 'Captain Calamity'
      111 20 UPI "CAPTAIN Calamity", the accident-prone mariner, has been beached again. The sea-faring bungler's converted 25-metre trawler Doris exploded early Saturday and burned in the river Orwell where it was tied up for repairs. William Smith, the 51-year-old captain's real name, was at first feared to be on board
      UPI  -  111 words
    • Article
      Sharp downturn in loadings at Poland
      321 20 INDICATIVE of the economic impact of the industrial unrest and strikes which are currently disrupting production within Poland are reports that Polish shipping lines are suffering a sharp downturn in loadings. According to the official Polish news agency. Pap, the nation's principal carrier Polish
      321 words
    • Article
      World ports may suffer under Unctad liner code
      457 20 WORLD ports will suffer under the Unctad liner code because in practice it leads to bilateral agreements and results in heavy bureaucracy. Mr Yann-Pierre Remond, commercial director of the port of Marseilles, said the United Nations Conference on Trade and Development code
      457 words
    • Article
      The Consortia
      134 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. Nedlloyd Lines.
      134 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      366 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 w ARDIM A I A H Orient Overseas Co*d(JMeA. Line FULLY CONTfUNOttSED SERVICE TO EUROPE (VIA SUEZ) m J A. r? g fit* #;>
      366 words
    • Advertisement
      Page 13 Advertisements Column 2
      401 13 HSEALORDO UASC UNITED ARAB SHIPPING CO (SAG) jn'lii'm. r.Mil'ifiik EXPRESS MULTI-PURPOSE SERVICES S'pore I Loading tor BN SHUHAS V 33 15 4 emi BftUR V 33 19 4 Atcfptut BnaAbut Ont? Duba' i 24 Vi Kuwait (27 5). Danmam <30 Si lubaii (2 61 Mina Qaboos (5 6> Abu Dhat>
      401 words
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      Page 13 Advertisements Column 3
      17 13 mm CONTAINER Schedules II LONDON Freights 11/111 SHIPS In Port 111 SHIPPING List VII REGIONAL Weather VIII
      17 words
    • Advertisement
      Page 13 Advertisements Column 4
      695 13 SINGAPORE iness FOR PEOPLE WHO MATTER A Times Periodicals Publication MAERSK LINE EXPORT FULL CONTAINER SERVICES TO: U.S. PACIFIC, GULF. ATLANTIC, EAST CANADA, ASIAN PORTS .1 VJH.UI Sated 1112/4 11-19/4 25-26/4 2-3/5 9-10/5 16-17/5 23-24/5 30-31/5 Ml Singapore iLongbeachlNew York I Philadelphiaißalumore ICharleston SaM 13-14/4 20-21/4 27-28/4 ALBERT MAERSK 4-5/5
      695 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      686 14 MALAYSIAN INTERNATIONAL SHIPPINQ CORPN. BERHAD. WISMA MISC, N0.2, JALAN CONLAY, P.O. BOX 371, KUALA LUMPUR 04-09, MALAYSIA. TEL: *****8 TELEX: MA *****, *****, ***** ***** CONTAINER SERVICE Container Serwce feeder *P Kelang Vessel B DAHLIA SM B PERMAI B PENAGA 11/4 N DELFT B DAHIIA 17/4 NIHEN B PENAGA 24/4
      686 words
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      Page 14 Advertisements Column 2
      240 14 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA -BARBER TAIF" 17. -BARBER MEMNON" 21. "BARBER TOBA" May 2. "TERRIER" H>, 7 Mi *ssas both smcmm «r m temnm bum 47 TO: PANAMA US ATLANTIC EAST CANADA US GULF OB* *24/4 2/5 11/1 IV4 21/f 24/1 1/1 VI lt/l 14/4
      240 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      735 15 Overseas Containers Limited Weekly service to/from UK/Europe GCL CONTAROSHP SERVICE TO UK/CONTROT: Sp City at EMwrgh Osaka Ban Ebe Mara Benattow Hongkong Eipress 27 Apr Karaburt Eipress 4 Mar Kurama Mara 12 Mar Mmnam Eipress It Mar Kasuga Mara largs Bar 12 Apr 20 Apr 2C Mar CONTAHERSHP SERVICE FROM
      735 words
    • Advertisement
      Page 15 Advertisements Column 2
      419 15 ig Franco Belgian Services (Fn Fa<t Frc.ich Service u xth fl, Fill CONTAMRSHP SERVICE 10 EUROPE Fur Fitst< rr. L\r,e^\ FUll CONTAMRSMP SERWCt FROM EUROPE Aff COnSOSTILM KOREAN lACEM taPwt OMNTAI CHEF 17 Apr NEPTIM MX If Apr Ml CONTAMR 77 Apr CHN* CON! AMR 30 Apr SMCWOK P KEIANG
      419 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      957 16 Jl Hapag-Lloyd TO MEPITIMAWEA TW HK Hakata Maru 8 4 10 4 Ifem*" 10 4 12/4 Mtdrterranea 19 4 21/4 TO NORTH EUROPE/MEDI TERR ANEA S pore P* Pen Bilbao Genoa H burg B ha»en fidam Antwerp 9 4 11 4 13 4 16/5 14 5 115 9 5 Etha
      957 words
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      Page 16 Advertisements Column 2
      669 16 KOREA TZ P Kelanj PENANG S PORE VEGA 159W 16 20 April 21-24 April 26-29 April FROM BUSAN BANGKOK VEGA 160E 16-20 April 21-24 Apr! 26-29 April TO BUSAN iiiruAii InviWn ALTAIR 163W 18-22 May 23-26 May 28-31 May FROM BUSAN BANGKOK ALTAIR 164E 18-22 May 23-26 May 28-31 May
      669 words
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      Page 16 Advertisements Column 3
      640 16 EVERGREEN LINE FAR EAST EUROPE II EXPRESS FULL CONTAINER SERVICE I If ALSO ACCEPTING CARGO FOR UNITED KINGDOM SOUTHAMPTON. LONDON. MANCHESTER. BIRMINGHAM. BRISTOL, LIVERPOOL, GLASGOW. LEEDS ETC. WEST GERMANY HOLLAND AMSTERDAM S part Mdjti Rattfrtan ftftutMr* Antwerp It Hint E»ei Viclari 1/04 (m l»|< 17/04 77/04 litt Volll*l 24/04 30
      640 words
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      Page 16 Advertisements Column 4
      937 16 Everett Lines Sa/gk Burma Five Star Shipping Corpn. |Bk "BURMESE NATIONAL LINE" LOADING FOR RANGOON Acctphnf car(« tor Ml and Japan Orti Sport P Ktianf Perunf 11/20 Apr M Ml 11/21 lp P*C« U/22 Dp HTOHTWA n//n ip 21/25 ip B F S S C Agents m Malaysia BOUSTEAD SHIPPING
      937 words
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      Page 16 Advertisements Column 5
      488 16 r mO.S.E. OCEAN SHIPPING ft ENTERPRISES PTE LTD. SANKYO LINE JAPAN/STRAITS SERVICE GEKRAL AGENTS CONTANR BOO*KG SUB AGENTS P HUANG PENANG OCEAN SHTPMG I ENTERPRISES PU LTD SMGAPORE Til *****44 7 I *****79 R LUMPUR TU 4*4(44 4*4 7SI OCEAN SMPPMG STt*f TU *****44 7 MAI'S CONTAIO P KELANG TU
      488 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      790 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO. HODEIDAH, JEDOAH AQABA (Reefer Cntrs Acceptable) *FCL Closing «t PSA ON 5/4/81 1500 HRS. Accepting LCL Cargo to Aqaba S.E.A. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ HIJ.I I ji■;u o]:y■' n:11 w.ml 18S/19N 38S/39N 38S/39N 24-25/4 3-4/4 13-14/4 24-25/4 9-10/4 6-7/4 16-17/4
      790 words
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      Page 17 Advertisements Column 2
      801 17 r BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE HBUOC BHAvtN ROAM HAwRf SOI ON ftOMLUROPt MBU«C BHAvFN R DAM HAVW SOTON A Germany AuStni Benttui F'anct All UP P *nar>g Spore for Benatto. Sated SiM Saied S aded Thames Maru Sated Saded Saied SaM Hongkong (ipress Saded Saded Saded
      801 words
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      Page 17 Advertisements Column 3
      951 17 I Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE TO MED/UK/NC/SCAN p ketangpenang Feeder Feedei toctnotr B DM« SM 6 FINAtA 10 6 MM* I' 4 6 HNACA 4 e dahiia i i 6 FfNACA 8 5 Accepting tor 1) Barcelona Genoa leghorn 21 Amsterdam Antnerp le Ha»re Bdbac Basle S
      951 words
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      Page 17 Advertisements Column 4
      563 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNION SOUTH AFRICA A VESSEL Spore May tor Reunion. Dbn, Ctown FOR UK/CONT IVYBANK Spore G35 Apr Png 8/9 Apr for Hti. Rott, Hmbg. Lines U.S. WEST COAST SERVICE Drtct from SFO Lbch SPOW LESLE LVKES Ski SJd 16/4 ASHLEY LYKES 19/4 16/4 25/5
      563 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      855 18 K LINE KAWASAKI KISEN KAISHA. LTD EXPRESS CONTAINER SERVICES TO NORTH AMERICA Earfer feeder HUlh Jtto araiable on request Cartoes jho icceptable toi Oakland Vancouver Portland Houston Galveston Nt« (Means Boston St Mw PNadelpbia Nottok Battmore Savannah lacksonvie TO EUROPE Spore P Mans t Ha.re H dam H bu'R Biemen
      855 words
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      Page 18 Advertisements Column 2
      591 18 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE loadotf lot LOS ANGELES SUN FRANCISCO Sf ATTIC TACOIAA VANCOUVER BC Acceptm{ FCI/FCI Contaoiets P Kelanj Sintapofe I An«eie\ "A VESSEL" Hit A Mat Nlki AUSTRALIA EXPRESS CONTAINER SERVICE Accept** FCI FCI Cantaown NEW ZEALAND SERVICE OINDM innCTOA MUMCIOM AUCAIMB kcivtnt fCI Id
      591 words
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      Page 18 Advertisements Column 3
      438 18 S S A (iroup SINGAPORE SHIPPING AGENCIES PTE LTD 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LINESI GENERAL *****1 (14 lINE SI TERMINAL OFFICE *****83 TELEX RS ***** RS ***** A/B CARSHIP CABLE CARGOSHIP macs! Kcgiwial Container Lilies WEEKLY CONTAINER SERVICE to/from BANGKOK BANGKOK It 11 Ap> M
      438 words
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      Page 18 Advertisements Column 4
      642 18 KORINS MARITIME SERVICES K Room 601. ICB Building. Shenton Way Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDDLE EAST/RED SEA/EUROPE SERVICES NNTtNC NO 17 ft vfssfi P KELANG LOADING FOR Bandar Abbas B Dammar Ku««| U ICk LINES A member a» the Samel Croup tl Compamei LNER SERVICE FROM
      642 words
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      Page 18 Advertisements Column 5
      790 18 f INTRASCA (PTE) LTD. FUJI! Faber House 234E Orchard Road Singapore 9 Telephone *****11/*****57 W\ VOAASIAIIVS REGULAR MOnOOfT SERVICE TO EWOPE S pore P Ketan( Pen** Loadnj ,or ARION N6104 10 Apr I Apr BOULOGNE UK (AVON) NORASIA WBIW 3 Mar 7 May KUOGNE RDAM UK (AVON) NORASIA WBIIO 2
      790 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      726 19 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE a member ot the ACE Consortium TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/from Scandinavia 0. CHIEF S'pore Closing Times: FCL Cargo 2300 11/4 LCL Cargo 1100 11/4 Havre 28/4 2/5 6/5 11/5 19/5 26/5 31/5 R'Dam 29/4 3/5 7/5 12/5 20/5 27/5 1/6 F'stowe
      726 words
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      Page 19 Advertisements Column 2
      431 19 MALDIVE LINES fTA ETA ETA SPORE KUANTAN PORT KELAN MALDIVE NOBLE Sailed Loading For Jebor Alt MALDIVE PIONEER 15/4 Loading for Jeddah MALDIVE NOVEL 20/4 Loading for Kuwait MALDIVE PRIZE b, Port Loading For Bahrein/ Dammam/Kuwait/Dubai MALDIVE IMPORTER 7/4 Loading For Male (BOOKINGS WILL BE ACCEPTED UPTO 7/4/81 ONLY) MALDIVE
      431 words
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      Page 19 Advertisements Column 3
      314 19 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Sinfapore 0104 Telephone Numbers *****3 (10 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG M/S SHAWM T NAH SOON SON. BW IST AND 2ND FLOOR NO 1. JAIAN CEMPtNING PORT KLANG.
      314 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      263 20 ANTOLL LINES Direct B Is to BRISBANE SYDNJY MHB (GfftONG) ADf I AIDE Independent FCL Container Conventional Liner Service SINGAPORE I N SHIPPING PTE LTD 1401 5 Rotmi House Shenton Wa» S*i{apore 0106 Tli RS ***** Tel *****11 Bkjs *****43 2210f23 WEST MAIAYSIA HSH(M)SdnBhd Kl Tel *****3 *****7 P1 Kel
      263 words
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      Page 20 Advertisements Column 2
      265 20 sI WOOD LINE Bulk Timber and Plywood Service LOADING FOR NANTES/RDAM/TILBURY (Other UK destinations acceptable) Vessel Spore PKelang T. Ayer GRAND GLOBE NL 003 2S/4 18/4 23/4 fti 004 15/5 24/5 19/5 SILVER PINE WL 005 25/6 15/6 20/6 General Agents:- Wood Line (S) Pte. Ltd. Tel: *****11/*****93/*****42 K. Lumpur:
      265 words
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      Page 20 Advertisements Column 3
      337 20 JOHORE SHIPPING 161 lA| AN IfNGKUBAOAR POfll KEI ANG SEIANGOR MAIAYSIA aBINTULU CONTRACTORS SDN. BERHAD 37. Panama M lactone. Sarawak. 1* ***** T*i: Ml ***** Eiprtn C*-Carn«r/10-R0 Sank* to Ea»t Maianu P. Keiang loading tor 10 1 V 5/81 In Port KUCHMG/SMI 1 V 6/81 15/4 HUCHWG/SJBU »0 1 V
      337 words
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      Page 20 Advertisements Column 4
      256 20 tsAtaEaasaa® KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAN/STRAITS/JAPAN Fully Containerised Service Vessel Tokyo Rote S pore PKelanj PenanjSpore Tokyo Kobe NORDBAYVS »/4 10/4 21/4 23/4 24/4 21/4 9/5 10/5 NOKSTMV3 27/4 21/4 10/5 12/5 13/5 15/5 2«/5 29/5 SMGtfOK: BMltxj Sftppmf *****4/*****5 N MALAYSIA Harrow I CretfieU Kl ***** Mala* (701
      256 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      164 20 100E noci Regional Weather 27 20 27 ail ■V s as 9 >>. 'V fi I '<<5 a °c Win. Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AM. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather s~/ w >nd direction with
      164 words