The Business Times, 22 April 1981

Microfilm: NL11000
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 WEDNESDAY, APRIL I*Bl 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Bankers Club meeting
      71 1 Reuter TOKYO, Tues. The Asian-Pacific Bankers Club, set up last September to promote friendship among bankers and enhance the stability and development of the region, will hold its first annual general meeting here on Monday. The meeting will be attended by representatives of its 31 member banks
      Reuter  -  71 words
    • Article
      Lock icon Alitalia resumes flights
      81 1 Reuter ROME, Tues. Alitalia flights resumed today following a seven-day Easter pilots' strike over a pay claim but air travel to and from Italy faced further disruption from controllers and ground staff. Counter staff and baggage handlers at Rome's airport were staging a 24-hour strike today, causing
      Reuter  -  81 words
    • Article
      Lock icon Pay negotiations
      70 1 Reuter TOKYO, Tues. Private Japanese railway unions and management were locked in lastminute negotiations today to avert a crippling 48hour strike from tomorrow which would affect millions of commuters. The threat of a private rail strike and possible walkouts later this week by national railway workers, other public
      Reuter  -  70 words
    • Article
      Lock icon Informal meeting
      72 1 Reuter BANGKOK, Tues. Industry Minister Chartichai Choonhavan is to leave for Kuala Lumpur this weekend for an informal meeting with his Malaysian and Indonesian counterparts on a common policy at the forthcoming meeting of the International Tin Council in Geneva in June. It is believed the ministers will
      Reuter  -  72 words
    • Article
      Lock icon Chirac gains support
      61 1 Reuter PARIS, Tues. The campaign for the first round of Prance's presidential election moved into its final stages today after opinion polls registered a surprising surge of support for neo-Gaulfist candidate Jacques Chirac. The polls left the outcome of next Sunday's preliminary voting wide open and worried
      Reuter  -  61 words
    • Article
      Lock icon Soviets oppose Sinai force
      70 1 UPI CAIRO, Tues. Egypt's ambassador to the UN charged that the Soviet Union has prevented the UN Security Council from carrying out its peacekeeping responsibility by opposing the establishment Of a UN force for the Sinai desert. Mr Esmat Abdel Meguid said the Soviet Union will
      UPI  -  70 words
    • Article
      Lock icon Thatcher stands firm
      79 1 Reuter RIYADH, Tues. British Prime Minister Margaret Thatcher said today that she regretted a hunger strike by jailed Irish Republican guerilla Bobby Sands, but said there is no question of giving him the status of political prisoner which he has been seeking. "There is no question of
      Reuter  -  79 words
  • Chief Price Changes
    • Article
      SINGAPORE
      135 1 Rises Indices OUB M Banking Pegi Msia Public Textile Malakoff Prima U 1 c C Sugar* Mega Chem PMC 8pore Land Metro Hldg* Bouatead Fails 570 960 010 380 815 055 420 1100 406 1430 1250 1200 920 70 60 50 46 45 45 42 40 38 30 30
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    • Article, Illustration
      KUALA LUMPUR
      149 1 Rises Indices SBS 400 60 Apr 20 Apr 21 Sim Lim 434 60 B.T. Index: *****2.23 *****1.72 M Credit 535 55 Industrials: 1068.49 1079.12 P Chem 750 50 Finance: 1623.97 1666.34 M Bank 1040 50 Hotels: 497.47 497.47 OCBC 1750 50 Properties: 1092.12 1108.62 0 U Land 488
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  • Article, Illustration
    LATE RUSH FOR NOL SHARES
    156 1 THE flow of applications for Neptune Orient Lines shares turned into a flood yesterday as last-minute applicants jammed the DBS Building to meet the noon deadline. At the end of it all, the issue of 40 million shares at (4 each was oversubscribed by an
    156 words
  • Article
    Malaysian ringgit weakens further
    229 1 THE Singapore dollar continued to strengthen against the Malaysian ringgit though local interest rates had fallen by nearly two percentage points. During the last two days, the local dollar closed at a high of 5J90.25/ 40 for every MJIOO, against a one-for-one exchange rate in September
    229 words
  • Article
    Keck Seng (S) to build hotel
    607 1  -  By CATHERINE ONG KECK Seng (S), one of the most active privatelycontrolled property developers, plans to build a $96 million hotel along Havelock Road. It recently obtained approval in principle from the Government to build a 500-room hotel. The 21storey building will stretch over
    607 words
  • Article
    Ambassador Hotel revalued at $20.4 m
    292 1 A RECENT revaluation of the Ambassador Hotel has thrown up a massive surplus of $12.5 million over the 1976 book value of the owning company's total valuation of $7.9 million for freehold land and buildings. On its own, the hotel at the corner of
    292 words
  • Article
    Significant increase in Bousteadco NTA
    270 1 NET tangible asset for each Bousteadco Singapore share has increased substantially following a revaluation of the company's properties in Singapore and Australia. The revaluation gives a surplus of $10.59 million which has been incorporated into the company's accounts, raising the net tangible asset per share
    270 words
  • Article
    Records galore for stock market indices
    287 1 RECORDS west t-tim-ktlag agala ea tke stock market yesterday, wftk tke Straits Times ladastrlal ladex brcacklag tke SSC mark. Nearly all tke market ladlees kit aew klgks despite flaetaattag kaylag laterest la several leeton. Tke Stratta Hum Mastrial ladex rsae Ml pslats ts BM.SS,
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  • Article
    Doubts still linger over building contract
    449 1  -  By FOO CHOY PENG STRONG doubts still linger over the new building contract put up by the Singapore Institute of Architects (SIA). The Singapore Contractors Association Limited the chief opponent to the controversial revised document has again urged its members to avoid using the
    449 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      47 1 Looking for heavy-duty stainless steel? aaaaas mm Producer of stainless steel 'Stainless steel plate and wide strip 'Special grade stainless steel 'Titanium grades 'Stainless steel pipes k fittings Fof MfcKMio*rati A. Johnson &Co (SEA) Pte Ltd ISO 7. ISdi Floor Robiiu Houj* Si report OlOe I>l 22J171)
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      5 1 BTW© Phone: 46X7230 4M3X24 *****7
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      76 1 SHIPPING TIMES REAGAN urged not to lift grain STATE Street Bank looks for embarg0................................... 3 representative I EMPLOYERS can pay CPF OVERSEAS Union Bank exthrough P058........................... 5 pects rise in earning 5................ 11 TENSION brings glittering ASEAN offers best opportnnlwindfall to Krem1in................... f ties to US 12 TV AND RADIO
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      Page 1 Advertisements Column 4
      45 1 GOOD READING MATTERS AT HTimes Bookshops TMtOrtiMH Cam M—>. tmim Ixrtr t ijC«"v*7* aWCAiitn Cf<tT«f tKA/AIMMMA o* ><*»« oi*«< «om 'h»h T »nan i 8W) *Q«-*A HOUM »JM' »vwr T, TJHMi Leader... page I 0 4 -> 1 JOCt Sole Agent S.G. Parrett Son (Pte) Ltd. Singapore
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  • REGIONAL
    • Article
      Lock icon Nuclear accident is Japan's worst
      401 2 UPI THE COMPTROLLER of a defective nuclear power plant said in Tokyo yesterday that 56 plant workers were exposed to high levels of radiation in the worst nuclear power plant accident in Japanese history. An estimated 45 tons of highly radioactive waste spilled from the
      UPI  -  401 words
    • Article
      Lock icon Upturn in Japanese economy likely
      167 2 Reuter BANK of Japan governor ijaruo Maekawa said he sees signs of a fresh upturn in the Japanese economy following progress in inventory adjustment by some industries and increased consumer spending. Maekawa told a branch managers' meeting the bank is closely watching capital and foreign
      Reuter  -  167 words
    • Article
      Lock icon What bill to curb car exports could mean
      430 2 JAPANESE OFFICIAL WARNS NYT ONE OF Japan's top trade officials has warned that a proposed bill to restrict Japanese car exports to the United States could lead to protectionist retaliation and said the Japanese are working to curb exports. Naohiro Amaya, Deputy
      NYT  -  430 words
    • Article
      Lock icon Anger over EEC beef
      269 2 AFP EEC dumping of subsidised beef on world markets is provoking retaliation from Australia. The executive committee of the Cattle Council of Australia had an urgent meeting yesterday with Prime Minister Malcolm Fraser and urged him to take official retaliatory action through the General Agreement on
      AFP  -  269 words
    • Article
      Lock icon Sihanouk says he is ready to join united front
      467 2 Reuter AP FORMER Kampuchean leader Prince Norodom Sihanouk yesterday an- I nouneed that he is prepared to Join an anti-Vietnamese resistance front in Kampuchea even if China refused to give him military aid. He said that even if such aid is
      Reuter; AP  -  467 words
    • Article
      Lock icon Tokyo's decision to speed up defence buildup
      257 2 AP JAPANESE Prime Minister Zenko Suzuki has decided that his country should achieve targets in its general defence buildup programme by 1987, even though it could mean increasing military expenditure above the traditional level of 1 per cent of Gross National Product (GNP).
      AP  -  257 words
    • Article
      Lock icon Aquino can still campaign from prison cell
      249 2 AFP UPI FILIPINO opposition leader Benigno Aquino is likely to be imprisoned if he returns to the Philippines but he can campaign from his prison cell if he wants to. Mr Leonardo Perez, presidential spokesman for political affairs said Aquino's right of free
      AFP; UPI  -  249 words
    • Article
      Lock icon Thais attack guerilla positions in Betong
      232 2 Reuter THAI helicopter gunships yesterday attacked positions in the Betong salient held by separatist guerillas of the Pattani United Liberation Front (Pulo). A Thai Army spokesman said Malaysian Army helicopters are also being used to check Pulo penetration in the region following a clash
      Reuter  -  232 words
  • Page 2 Advertisements
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      558 2 A top-level management conference on MERGERS ACQUISITIONS June 11 12,1981 Shangri-La Hotel, Singapore A conference designed for Corporations Advisers Chief Executives Managing Directors Corporate Planners Finance Managers Company Secretaries Acquisition Specialists Investment Bankers Commercial Bankers Consultants Tax Legal Advisers Merger Specialists At this conference we bring you only the successful
      558 words
    • Advertisement
      Page 2 Advertisements Column 2
      443 2 n The SGY Group Professional Executive Recruitment Services An aggressive and successful Group with activities in offshore petro-chemical engineering, tug and barge owneroperations, port stevedoring and diversifying into cargo shipping and other potentially profitable investments seeks young and aggressive executives to fill the posts of: FINANCIAL CONTROLLER 5575,000 to 5590,000
      443 words
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  • OVERSEAS
    • Article
      DAILY AIRCRAFT MOVEMENTS
      704 3 ARRIVALS Service Local From Operator Number Time PAA PA005 0040 JFK/SFO/HKG MAS MH601 0630 KUL MAS MH680 0645 KCH S1A SQ101 0815 KUL MAS MH811 0815 PEN MAS MH603 0830 KUL RBA BI421 0930 BWN MAS MH671 1000 PEN KUL SIA SQ201 1000 HLP CPA CX710 1005
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    • Article
      Lock icon Hundreds of black youths rampage through London
      336 3 UPI HUNDREDS of black youths rampaged through London on Monday attacking shops, buses, policemen and passers-by. Officials said 27 bystanders and eight policemen were injured and 70 youths were arrested. "The police were kicked and battered." said public house manager Francis Joyce, who
      UPI  -  336 words
    • Article
      Lock icon Reagan urged not to lift grain embargo
      249 3 AP THE US grain embargo has hurt the Soviet Union economically and politically and President Reagan should not give in to efforts to "blackmail" him into lifting it. Peter Peyser, Democratic Representative of New York and a member of the government operations committee,
      AP  -  249 words
    • Article
      Lock icon World Bank's lending system being studied
      163 3 AP THE REAGAN Administration has commissioned a study of the World Bank to determine if its lending practices have encouraged socialist governments at the expense of private enterprise. In its Tuesday editions. The Washington Post quoted Treasury Undersecretary Beryl Sprinkel as saying that the
      AP  -  163 words
    • Article
      Lock icon Poorer countries not getting enough aid
      203 3 Reuter WEALTHY countries la West Asia are not spending enough on agricultural Investment or giving adequate food aid to their poorer neighbours. Edouard Saoima, the director general of the UN Pood and Agriculture Organisation (FAO), told the Near East regional conference In Rome yesterday:
      Reuter  -  203 words
    • Article
      Lock icon America's GNP up 6.5pc in first quarter
      646 3 NYT AMERICA'S output of goods and services went up by 6.5 per cent during the first quarter, a surprisingly strong performance. Some observers are already predicting the spurt could lead Congress to modify or delay at least part of the Reagan Administration's economic
      NYT  -  646 words
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  • RAW MATERIALS
    • Article
      Lock icon Circling the US farms with water
      667 4 FT AIR TRAVELLERS passing over certain parts of the US may have spotted a development that is transforming the farming scene. Circles of green and pleasant land spreading across previously dry, brown, barren areas are changing the face of the countryside in a startling
      FT  -  667 words
    • Article
      RUBBER
      227 4 THE Singapore market yesterday closed slightly easier with May One RSS buyers quoted at 238.50 cents per kilo, down one cent from Monday's close, dealers said. Morning prices were marked down slightly on stale bull liquidation and some profit-taking, they said. Afternoon levels fluctuated around lunchtime levels until after
      227 words
    • Article
      RAS PRICES
      315 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 235.50 236 SON Int. 1 RS.S. May 29.00 240 00 Int. 1 R.S.S. June 242.50 243.50 Int. 2 R.S.S. 216.00 217 00N UK/Cont 215.00 216 00N Int. 3 R.S.S. 210.50 211.50N
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    • Article
      SSR and SMR
      123 4 NOON SSR and SMR pnon vest erday RA8 SSR 20 SSR SO (l ion pallet <1 -ton pallet) M»r (Carreat Hit) Bayer* Selle ri 221.SO 223 SON 218.50 220 SON Jim (Forward Mtk) Bayer* Sellers 223.50 225.SON ***** 222. SON MHLB Ji ae SMR CV SMR L.
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    • Article
      Straits Tin
      76 4 THE STRAITS tin price In Penang yesterday rose 15 cents to M53t.34 a kilo, stlll within the International Tin Agreement's middle range price of (Nil to $32.74, dealers said. Sterling's recovery against the Malaysian dollar, increased baying from Japan and locally and small support from the US contributed
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    • Article
      CLOSING PRICES
      34 4 Rubber. April 21 Singapore: May: 238.50 cents (down 1.00 cent) Malaysia: May: 260.00 cents (down 1.50 cents) Tin: M 530.30 per kilo (up 15 cents) Official offering: 145 tonnes (up 24 tonnes)
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    • Article
      Lock icon SANTOS REPORTS GAS FLOWS
      162 4 Reuter TWO Cooper Basin Exploration wells have flowed gas, Santos Ltd said. A flow of about 9.5 million cubic feet a day was recorded at the Yapeni One well from the 6,776 to 6,826 feet interval while 110 feet of condensate was recovered from the drill
      Reuter  -  162 words
    • Article
      Lock icon Thais may amend tapioca quota for export
      185 4 Reuter THAILAND Commerce Minister Chuan Leekpai said Thailand's export quota system (or tapioca products is being amended to win the confidence of international corporations and activate exports. Speaking to reporters after meeting West German ambassador Walter Boss, Mr Chuan said he had asked
      Reuter  -  185 words
    • Article
      WHEAT
      186 4 WHEAT futures in Chicago on Monday ended on the high side of a 6V4 cent range, up 3V« to five cents a bushel in quiet trade. Prices rose from the start on steady local demand in response to continued reports concerning the possibility of lifting the grain embargo against
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    • Article
      SOYBEAN
      237 4 SOYBEAN futures in Chicago on Monday closed near the top of an cent range, up ten to 7V« cents a bushel in mostly local trade. Traders attributed today's advance mainly to local demand on renewed optimism toward the lifting of the grain embargo against the USSR. Late sympathetic speculative
      237 words
    • Article
      Produce exchange
      181 4 CHINESE Pridiee Exchange, Stagapare, closing prices per lit kg yesterday. Cmmil *11: Bulk fob $115 00 sellers, old drum (in second hand drum) fob $128 00 sellers, new drum fob $134.00 sellers. Cspra: Mixed (loose) $62.00 buyers. Pepper: Muntok white pepper fob Asia NLW $412.50 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) Csttsa yars: China Blue Phoenix 20s 2.285 32s 2,800, 40s 3,040 (per bale of 400 lbs). Piece gssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • Article
      RICE
      326 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE. 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.08, 100 per cent third class 1.06, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special
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    • Article
      LONDON MARKETS
      921 4 COFFEE: Robusta futures yesterday ended a quiet morning to show losses ranging from £7 to £3 a tonne in near months, reflecting commission house selling, dealers said. There was also continued switch trading in near months while May maintained its premium to other traded months. SUGAR: Raw futures
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    • Article
      PALM OIL
      125 4 THE Kuala Lumpur palm oil market yesterday was mixed despite some late selling in moderate trading, dealers said. In April, the central region eased MJ2.50 to $967.50 a tonne, while in May the southern region gained $10 to $955. The refined market was quiet with refined bleached deodorised
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  • ASIAN STOCKS
    • Article
      Share prices close higher
      519 4 TOKYO PRICES yesterday closed higher after selective buying in blue chips, led by cars and electricals, but steels and some other large capitals fell on profit taking, dealers said. The market average rose 12.65 to 7,497.36 in fairly active trading, with volume 580 million. The Tokyo
      519 words
    • Article
      Sydney
      296 4 SHARES yesterday closed firmer as traders reacted to the recent strong performances seen on the London and Wall Street markets, dealers said. Leading miners, underpinned by firmer gold prices, headed the resurgence which saw the All- Ordinaries index add 6.6 points to 726.2, although oils and industrials generally failed
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    • Article
      Bangkok
      242 4 THE market yesterday was mixed, but rising stocks outnumbered declining ones in active trading with trade volume more than double that of Monday, dealers said. APR 21 Bahts Aili Credit 104 1 Ada Fibre Ayutftaya^In* mo unch Bangkok Investment Bangkok Bank Bangkok Drying And SUo Bangkok Insurance Z Bangkok
      242 words
    • Article
      Manila
      112 4 THE market yesterday closed lower as turnover rose to to 2.4 million pesos from a previous 1.7 million, dealers said. APR Z1 Pan AcoK Mining 0064 -***** AUai Cod. A Atlai Con B. s -13 Bagulo oow OM unch Benguet Con. B BP Goodrich 83 10J0 03 unch CDCP
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    • Article
      Selected indices
      45 4 FINANCIAL TIMES INDUSTRIALS Monday Friday Week Ago 546 6 DOW JONES AVERAGE INDUSTRIALS Monday Friday Week Ago »03.16 H.K.HANG SENG Tuesday 1352.B4 Monday Week Ago 1332.81 AUSTRALIAN INDUSTRIALS Tuesday 753-9 Monday Week Ago- 747.1 ALL ORDINARIES Tuesday 726 2 Monday Week Ago 718.1
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    • Article
      Lock icon Hongkong
      293 4 Source THE market yesterday suffered the Easter holiday hang-over and opened quiet and remained dull throughout the whole day. Most investors stood on the side-lines or were still out of town. The turnover of $160 million was the lowest since March. The index dropped almost eight points on another
      Source  -  293 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      106 4 Dine in old world charm... i i it i i i ii W A I W J ■y -J v r s For a quiet and intimate dinner, come to The Stables grillroom. Where the atmosphere's warm and private and the service unobtrusive. With etchings and prints of famous British
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  • TRADE AND INDUSTRY
    • Article
      Canadian trade team due next month
      192 5 THE biggest Canadian delegation of industrialists will be visiting Singapore next month to look into prospects for joint ventures with their counterparts in Asean countries. While in Singapore the 16company delegation, catted the Canadian-Asean Technological Exchange, will have discussions with members of the Singapore
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    • Article
      Kewalram group
      63 5 IN yesterday's edition of Business Times the Kewalram Chanrai group of companies was mistakenly referred to as a Pakistani trading company. The Kewalram group should be described as an overseas Indian Trading Company. In fact, it has no interests in Pakistan. Business Times wishes to apologise for any
      63 words
    • Article, Illustration
      YEO HIAP SENG BUYS COMPUTER
      154 5 YEO Hiap Seng, a beverage, canned food and sauce manufacturer, is developing a computerised management information system over the next few years. The system will use an integrated data base management system ordered from International Computers Limited at a cost of $750,000 recently. The company-wide
      154 words
    • Article
      Eclectic approach to personnel management
      148 5 ALTHOUGH the Japanese style of personnel management has many strong points, it cannot be transplanted in its entirety to Singapore. This is because of social and cultural differences in the two countries, said the Singapore Institute of Personnel Management. There are also members of the
      148 words
    • Article
      Travel '81 fair
      71 5 THE chairman of the Singapore Tourist Promotion Board, Mr Tan I Tong, will officially open Travel '81, the third international travel fair, at the World Trade Centre tomorrow. The four-day exhibition will feature services offered by travel agents, airlines, hotels and other services related to the travel
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    • Article, Illustration
      PEOPLE IN BUSINESS
      231 5 CHASE Manhattan Bank NA has appointed Mr IHImU Maki manager-Japa-nese business relations for its branches in Singapore. Mr Maid Joined Chase in Tokyo in July 1974 and in July 1975 he left for Chase's head office in New York for a one-year credit training course. Returning to
      231 words
    • Article
      Export schemes should include service companies
      286 5 GOVERNMENT schemes to promote exports should include service companies This suggestion was made by Mr Bill Nieuwhof. regional director of Lep International (Far East), an international freight forwarding and allied services company. The parent company of Lep International, the Lep group, was yesterday presented
      286 words
    • Article
      Canteens expect $250,000 profit
      315 5  -  By LILLIAN CHEW UNION-RUN canteens at Fairchild Singapore and Singapore Bus Service terminals are expected to make a profit of $250,000 annually. The canteens have been managed by the Management Services Unit of the National Trades Union Congress since Sep 1, 1900. Mr Sam Chong Keen,
      315 words
    • Article
      Paying CPF through POSB
      156 5 EMPLOYERS can now make their Central Provident Fund contributions through the Post Office Savings Bank. But the new CPF-POSB giro service will not be available to those employing block work permit construction workers. The service will be particularly useful for employers of domestic servants, a CPF
      156 words
    • Article
      MEMO PAD
      376 5 SEMINARS AND COURSES Apr 23-24: Feasibility Studies for Capital Projects, Oberoi Imperial, Consulasia Apr 25 (g, 2pm: 17th Annual General Meet- ing, Cathay Restaurant, Singapore Society of Accountants 1 Apr 25: Effective Sales Forecasting, SIM Conference Room, Singapore Institute of Management Apr 25: How to Negotiate Effectively with
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      160 5 EasternW&tch Peninsula Plaza~a very special place to buy a watch "-r 41 H9H WUW Eastern Watch, G1 and 3 I HI Peninsula Plaza. I If you are thinking of buying a watch, that's perhaps the best paddress in Singapore to come to. |[HhM| JjHere you will find a magnificent choice
      160 words
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  • Article
    Growth in GNP an aberration
    400 6 THE 6.5 per cent increase in the American gross national product in the first quarter of this year is surprising, far exceeding the expectations of many economists. The recovery was sharp, the increase being almost double that of the fourth quarter of last year. It
    400 words
  • Article
    Time for an end to SIA-Scal dispute
    397 6 ARCHITECTS and contractors have waged war over the revised building contract for a good eighteen months now. How much longer must the conflict continue? Clearly each side has its own view of the matter and its own interests to protect, but this should
    397 words
  • Article
    Lock icon Discreet links of gold
    1796 6  -  South Africa and the Soviet Union mine about 75 per cent of the world's gold. Discreet contacts exist over sales of minerals to western markets. But evidence is growing that links between two countries whose philosophies are mutual anathema are increasing. Exchanges of mining expertise and
    FT  -  1,796 words
  • Article, Illustration
    STRAWS IN THE WIND
    210 6 SHORTLY alter he teek ever as chief manager of the lateraatleaal department at the MAS (he haa sine* been redesignated depaty managing direct®r) Lin He Kee agreed te take the place of his predecee■er Elizabeth Bam ia deiivertag the keyaete addren at the reeeat seminar ea
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      355 6 Engineering Export Promotion Council, India Sponsors INDIAN EXHIBITORS at ASIATEX '81 26-30 APRIL 1981 WTC SINGAPORE The Textile Machinery Industry in India has made rapid progress in the manufacture of complete machinery as well as components and accessories in the last few years. Indian textile machinery are being exported to
      355 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      699 6 CRYPTIC PUZZLE ACROSS 3 Mould in heaps, perhaps (5) 8 She takes a turn in jail, possible (5) 10 Large area diagram (5) 11 A bone sor area of the main 11 A bone some birds get broken (3) 12 They're before your very eyes! (5) 13 A couple on
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      745 6 Hawaiian Angels CHAMJE gets aew Aagel Mght, m Ik m the teak Mt. Tuya lUtorti replaces ike ihtrMUel Skelley B»ek, arks tppweatl} dM ■•I live to Charlie's staadards. Taaya Flays Jnlie Bagers la toaighft £!#|uy|# r|HWur| iiirm '»iwrio MW HmwmOmm Amge/s. The stary to aWat a dmM, Jsdy Mills, whs
      745 words
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  • Article
    Lock icon Giscard no longer popular in the Vosges region
    991 7  -  By TERRY DODSWORTH FT "WE ARE living from day to day, trying not to think," says Jacques Debry, head of SNPP, one of the two textile companies which support the small town of Chatel, near Epinal, in the Vosges. "Our future depends
    FT  -  991 words
  • Article, Illustration
    Lock icon Nuclear plans at stake
    797 7  -  President Giscard has good reasons for supporting an ambitious nuclear programme. But Mitterrand, the opposition Socialist leader, describes the campaign as being excessive and dangerous. GILBERT SEDBON reports. GILBERT SEDBON Reuter FRANCE'S ambitious nuclear programme, including a score of new power plants, is at stake in
    Reuter  -  797 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      134 7 After years in court, he's still faced ii with a difficult decision. Of course he has a good judgement. He needs it. Because right now he must decide or not to buy the new 1981 Volvo 244. He's always been impressed with their safety features, it's a lot jnore comfortable
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Positive indication
      565 8 NYT WITH companies now reporting their first-quarter earnings, the early returns generally show a considerable, even surprising, measure of strength in corporate profitability, according to economists, Wall Street analysts and professional investors. There are key industries, the analysts recognise, that for various reasons will report sharp year-to-year declines
      NYT  -  565 words
    • Article
      TORONTO
      233 8 APR 20 Ct Abltlbl Alcan A)(oma Bank Mont Bank Nov* Scotia Bell Tel Beth Corp BP Can Ltd Brascan limp Red Lake Can Imp Bk Can par Canpac In* Pt Carllng OKeefe Comlnco Cons Bath Cons Marbenor Dankoe Denlson Dom Stores Dom Tar Dome Mines Falcon bridge Falconbridge Cop
      233 words
    • Article
      NEW YORK MARKET CLOSES HIGHER
      1017 8 THE NEW YORK stock market rallied on Monday afternoon to close at an eight-year high following signs of an easing in inflationary pressures in the economy. The Dow Jones industrial average rose 10 points and advances led declines eight to seven as the market volume
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      Page 8 Advertisements Column 1
      207 8 The American Express Card serves you well, wherever good food is served". Whereto wine.dineand entertain Local and Western self-service lunches Open daily 10.30 a.m. t03.00p.m. I Restaurant Lounge' 10.30 a.m. to 10.00 p.m. a* r A \V 1% DOLPHIN CAFETERIA Ist. Floor, World Trade Centre, Tel: *****11/2 .V/ 00 *%tte%*atio4tfU
      207 words
    • Advertisement
      Page 8 Advertisements Column 2
      174 8 See Pege 4 for Asian stocks «r i fa a mm For banquets. For conventions. For other functions of flawless finesse. Functions for up to 2SO guests International menus to choose from •Complete range of audio-visual equipment Ample parking space C «»i »l iii*> I'lirk Slm'iiilihi SiimiqMHf SHERATON HOTELS AND
      174 words
    • Advertisement
      Page 8 Advertisements Column 3
      216 8 Feast like an emperor at Chinatown 3 SB Kr ij&jkrl bW J > I Our chefs can whip up culinary delights that would excite ever th** mmt demanding of emperors Here at TheOn itown we serve S/echuan specialties Name vour favour tes Or ask for our recommen dations 1 Sen
      216 words
    • Advertisement
      Page 8 Advertisements Column 4
      131 8 Inn Of Happiness Dine Dine Cantonese style. Szechuan 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. A '.A S cTiasfiafb Singer Somjwrtter From U-S^V *am
      131 words
    • Advertisement
      Page 8 Advertisements Column 5
      221 8 asgood as going to Bangkok. if x 2 *^3 C!^ This is Thai Seafood at its authentic best So fresh, it could have been alive 1S minutes before coming to your table. It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood
      221 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Turning to foreign branches
      670 9 NYT IN A MANOEUVER to reduce their borrowing costs, many large US companies have been turning to foreign branches of American banks for their loans and away from domestic offices. The Federal Reserve System, in a footnote that was added to a weekly monetary report, said
      NYT  -  670 words
    • Article
      Lock icon Higher cost of funds
      383 9 Reuter SEVERAL major banks, including the Bank of America, the United States' largest, raised their prime lending rates on Monday by half a per cent to 17.5 per cent. Banking industry analysts said the move reflected the higher cost of funds banks acquire in the money
      Reuter  -  383 words
    • Article
      Kuwaiti-Japanese venture
      109 9 KUWAIT Insurance Co confirmed it is discussing with Yamaichi Securities Co the formation of an investment joint venture to be based in Luxembourg. A spokesman said the new company, Kuwait-Japan Investment Fund, will he ope rational within two mouths. The open-ended investment fund would have an initial capital
      109 words
    • Article
      OFFICIAL OPENING
      128 9 BANQUE de Puis et drs Pays-Bas (Pari baa) and Saltama Bank officially opened their offshore uiti here last Thursday, bringing the number of commercial banks with branches In Singapore to IK. Mr Serve Plnet, senior executive vice-president of the parent bank and president of Pari has International in
      128 words
    • Article
      Japanese amendment bill approved
      181 9 THE JAPANESE Cabinet has approved a Bill drafted by the Finance Ministry to amend the 1927 banking law for presentation to Parliament. The Bill, to be published soon, deals with rule changes concerning Japanese banks' trading in national bonds, their lending to single large borrowers, disclosure
      181 words
    • Article
      HK dollar continues to face pressure
      283 9 THE HONGKONG dollar will continue to come under pressure as a result of its growing trade deficit, relatively high inflation and rampant money supply growth. Manufacturers Hanover Trust said in its latest "Foreign Currency Review" that the Hongkong unit will weaken against a strong
      283 words
    • Article
      Custodian bank seeks local representative
      483 9  -  By ALVIN TAY STATE STREET Bank and Trust Company, a leading mutual fund custodian in the United States, is scouting for a locally-incorporat-ed bank to handle securities' record keeping for its clients in Asean. Senior vice president of the Boston-based bank, R A Golz, and
      483 words
    • Article
      PRINTERS
      60 9 FOUR MORE prtators Seeara Stagapore Pte Ltd, Globe Prlaters Pte Ltd, System Office SappUes Pte Ltd aad NCR flla|spoi i have their samples of eaeoded cheqaes approved by the Stagapore Clearlag Hoase Association. Tbta brlaga to six the ■amber of approved prlaters far the aatomatod clearlag hoase system, the
      60 words
    • Article
      HSBC
      34 9 HONGKONG aad Shaaghal Carporattoa eat Its beat ieadiag rate by V* polat to 12Vfc per eeat yesterday, while Baak d America dropped Its prime by W potato to IS per eeat oa Moaday.
      34 words
    • Article
      Lock icon Bracing for quasi banking changes in the Philippines
      842 9 Business Day THE PHILIPPINES Central Bank is expected to modify or cancel the quasi-banking licences of financial companies. Investment houses and finance companies which are expected to bear the brunt of the decision are lining up options to lessen the pain if
      Business Day  -  842 words
    • Article
      Loan for Manila
      52 9 AN underwriting group has been formed for a US$5O million loan to the central bank of the Philippines. National Bank of Bahrain said as joint lead manager with Allied Banking Corp of the Philippines that the loan is for eight years at per cent over London interbank
      52 words
    • MONEY AND EXCHANGES
      • Article
        GOLD
        264 9 SINGAPORE gold futures yesterday turned easier in the afternoon after a firmer opening, but the market still closed higher on balance compared with last Thursday's close, dealers said. Trading was slow and thin after the long Easter holidays with prices declining in the afternoon on some European selling, they
        264 words
      • Article
        Silver quotes
        36 9 New York 11.53B 1H0B 11 73S 11.COS Zurich closed 1110B closed 11.30S u.Singapore I II SOB 1H U 30B 11 70S USOS Closing prices in US dollars a troy ounce Source: Credit Suisse, S'pore
        36 words
      • Article
        HONGKONG
        126 9 THE US dollar yesterday eased slightly against the mark in quiet late trading after a firm morning, dealers said. They noted some early European dollar selling as traders there sought to establish fresh positions after the Easter break, pushing the dollar down to 2.1785/95 marks from an early 2.1821/26
        126 words
      • Article
        London
        60 9 Opening quotes yesterday US 2.1560/70 Can 2.5746/76 Cross -1.1939 42 D Mk 4.7025 125 D F1 5.2275 325 S Fr 4.2950 3000 B FY con 77.15/23 F Fr 11.1225 375 Lit 2344.75 2348.00 Yen 469 80 470.55 D Kr 14.8125 250 NKr- 11.8300 400 S Kr 10.1800 925 Aus
        60 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12.85 per cent.
        22 words
      • Article
        ASIAN $ RATES
        192 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Apr 21. 7 days 1 month 2 months 3 months 6 months 9 months 12 months l month 3 months 6 months 12 months 1 month 3 months 6 months 12 months US/£ US/Sw Franc US/Dm US/Bclg US/Oullder US/FFr
        192 words
      • Article
        Discount
        47 9 RANGE of prices offered by discount houses on Apr 21: Overnight: 1*» loi 1 Call deposits: V* loT. Clonimg Buying Selling 3-month Treasury bills 6' i •H 3- month Bank bills 9'« 3 months CD 9'. 9. 6 months CD 10 r. Source: National Discount Company
        47 words
      • Article
        Singapore market
        498 9 THE US dollar opened easier against major currencies in the local market yesterday but firmed during the day's trading to reflect its current strength. Trading was thin against the mark, but sterling was actively traded. The dollar opened at 2.1815/35 against the mark, having weakened from Monday's close
        498 words
      • Article
        TOKYO
        158 9 THE dollar for overnight delivery yesterday closed at 218.05 yen, compared with a 218.30 opening here and 217.75/95 close in New York, dealers said. This was down from a 218.65 close here on Monday. Trading was active, with volume US$l.lO billion. The dollar firmed initially to the day's high
        158 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      224 9 Enjoy the best beef in town Business Lunch at the Shima Restaurant Goodwood Park Hotel Japanese cuisine Teppanyaki, Sukiyaki, Yakiniku and Shabu-Shabu At the Shima where else. CWSWJWWT Goodwood Park Hotel 22 Scott s Road Singapore 0922 Tel: *****81/2 rv French F.ncluintinent... direct from France >n h.inl Hi >rc l
      224 words
    • Advertisement
      Page 9 Advertisements Column 2
      35 9 'Ms& We make sure this never happens to you! LUXURY INTERIORS iij FURNITURE WITH A TOUCH OF CLASS 321, 3rd Fir, PLAZA SINGAPURA, Above Yoohon Orchard Open 7 days a week 11 am —9 pm
      35 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2011 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 A cm. (3.385)
    2,011 words
  • Article
    Unit trusts
    174 10 SINGAPORE UNIT T*U8T (M»nW prlees tar Apr S) Tk. 1U A14 OUB-MONTAGl disasters' prtess tar Aar I'moo Spore Fuad 1.71*1 S) ITSxd The Ssvtngs Fund S pore Prof Fund S pore Sec. Fund S pore Invest Fund S pore Equity Fund 117 1.(3 IS 2 45 1.59 2.28
    174 words
  • Article
    SHARE INFORMATION SERVICE
    2755 10 1981 High Low Company Last Sale orGr's Div Div Cvr Gr's Net Y'ld P/E Vol Da» COOO) High 1 Low 8ECTION ONE INDUSTRIAL COMMERCIAL 360 334 290 420 200 950 550 430 320 130 101 330 110 850 322 300 Acma Alcom Allied Choc BAT BaU Ben
    2,755 words
  • Article
    In Kuala Lumpur
    2057 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. DUDUmiALS Aieaa (US) (3) 3.30 A Cfcae (2-90S) (1) 171 (1) 2
    2,057 words
  • Article, Illustration
    Hectic trading sends index to new high
    662 10 SHAKE prices eeatlaaed to advaaee at the Slagapare stock eickuge yesterday. There wu kees Interest la all sectors, particularly the flssare sector. Prices speaed slightly higher frsm tvendght levels la the aieralag, hat the apnrge was thwarted later whea prsflt takers stopped la.
    662 words
  • Article
    Buyers push KL prices higher
    654 10 SUSTAINED buying support continued to push share prices higher on the Kuala Lumpur Stock Exchange yesterday. The uptrend in share prices has continued unabated since last Thursday's upsurge. Analysts expect the bullish undertone to continue. Opening levels were higher and prices were dealt firmly until
    654 words
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  • COMPANY NEWS
    • Article
      Overseas Union Bank expects earnings to rise
      795 11  -  By KOH TSE YING OVERSEAS Union Bank (OUB), the smallest of the Big Four local banks, expects increased earnings and profits in the current year, despite political and economic uncertainties. But the rate of growth is likely to be less spectacular than in
      795 words
    • Article
      Bolton boosts its land bank
      451 11  -  By THE CITY STAFF BOLTON Properties has announced several acquisitions of both properties and landowning companies to boost its land bank and ensure the continuity of income from property development. It is issuing a total of 8.35 million new shares for the purchases which, at
      451 words
    • Article
      Companies in Malaysia urged to restructure
      773 11 COMPANIES in Malaysia, especially the foreignowned, which have not restructured their equity in line with the New Economic Policy (NEP) have been urged to do so. Making the call, Deputy Prime Minister Dr Mahathir Mohamad said there is not much time left only about
      773 words
    • Article
      Company buys stake in Taiping
      168 11 A BUMIPUTRA company, Ginagini Sdn Bhd, has acquired a 40 per cent stake in Taiping Textiles for MJ40.5 million cash from a Hongkong-based company, Eastern Industrial Development. A contract for the sale and purchase of U. 25 million shares in Taiping Textiles at MJ3.60 per
      168 words
    • Article
      Bata (M) acquisition
      92 11 BATA (Malaysia) Bhd is acquiring 40 retail agencies and wholesale depots in East Malaysia currently belonging to Bata Shoe Singapore. The acquisitions will allow Bata Malaysia to expand its operations from West Malaysia into Sabah and Sarawak. Agreement between the two companies was reached on April 15,
      92 words
    • Article
      It's OUB
      34 11 THE ONE-for-five rights issue at $2 per share was proposed by Overseas Union Bank (OUB) and not United Overseas Bank as shown in a table which appeared in Business Times on Monday.
      34 words
    • Article
      Lock icon Out for a fast buck
      524 11 mm™ HOCK LOCK SIEW THE STOCK market, which has scaled to new heights this week with healthy gains recorded in almost every sector, is once again attracting small-time investors in large numbers. But, "The trouble with the 'small man' is that he always goes in
      HOCK LOCK SIEW  -  524 words
    • Article
      CARLSBERG Brewery Malaysia Berhad:
      24 11 AGM to be held at Cai'lsberg Brewery Malaysia Berhad, Ladang Perusahaan Shah Alam, Selangor on April 23 at 11.30 am.
      24 words
    • Article
      KILLINGHALL Tin (Malaysia) Bhd:
      23 11 AGM to be held at 10th floor, Komplek Kewangan, Jalan Raja Chulan, Kuala Lumpur on April 23 at noon.
      23 words
    • Article
      SELANGOR Properties Berhad:
      24 11 AGM to be held at 4th Floor, Wisma Perdana, Jalan Dungun, Damansara Heights, Kuala Lumpur on April 24 at 11 am.
      24 words
    • Article
      UNITED Overseas Bank Limited:
      33 11 AGM to be held at the Board Room of the Company, 28th Floor, UOB Building. No. 1 Bonham Street, Raffles Place, Singapore 0104 on April 25 at 12.30 pm.
      33 words
    • Article
      UNITED Overseas Finance Limited:
      34 11 AGM to be held at the Board Room of United Overseas Bank, 28th Floor, UOB Building, No. 1 Bonham Street, Raffles Place, Singapore 0104 on April 25 at 11.00 am.
      34 words
    • Article
      UNITED Overseas Insurance Limited:
      34 11 AGM to be held at the Board Room of United Overseas Bank, 28th Floor, UOB Building, No. 1 Bonham Street, Raffles Place, Singapore 0104 on April 25 at 10.30 am.
      34 words
    • Article
      MALAYAN Cement Berhad:
      23 11 AGM to be held at Ist Floor, Wisma Damansara, Jalan Semantan, Damansara Heights, Kuala Lumpur on Apr 30 at noon.
      23 words
    • Article
      METAL Box Singapore Limited:
      28 11 EOGM to be held at Hyatt Regency Singapore, Sir Henry Keppel Room, Ist Floor, 10-12 Scotts Road, Singapore 0922 on May 4 at noon.
      28 words
    • Article
      GENERAL Securities Investments Limited:
      21 11 AGM to be held at DBS Building, 6 Shenton Way, Singapore on May 5 at 2.30 pm.
      21 words
    • Article
      HOTEL Negara:
      16 11 AGM to be held at 15 Claymore Drive. Singapore on May 5 at noon.
      16 words
    • Article
      UNITED Industrial Corporation Limited:
      23 11 EOGM to be held at 31st Floor, UIC Building, Shenton Way, Singapore 0106 on May 5 at 9.30 am.
      23 words
    • Article
      OVERSEAS Union Enterprises Limited:
      26 11 AGM to be held at Mandarin Court 'A', 4th Floor, Mandarin Hotel, Orchard Road, Singapore 0923 on May 7 at 3 pm.
      26 words
    • Article
      OVERSEAS Union Securities Limited:
      25 11 AGM to be held at Mandarin Court 'A', 4th floor, Mandarin Hotel, Orchard Road, Singapore on May 7 at 11 am.
      25 words
    • Article
      OVERSEAS Union Trust:
      23 11 AGM to be held at Mandarin Court 'A', 4th floor, The Mandarin, Orchard Road, Singapore on May 7 at 11.3oam.
      23 words
    • Article
      GUTHRIE Berhad:
      16 11 AGM to be held -at 39 Sixth Avenue, Singapore on May 8 at noon.
      16 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      335 11 NOTICE A Landmark Year Group Profits were *****.0 million, an increase of 116% over 1979. Extraordinary profits were an additional *****.7 million. Earnings per share before extraordinary items increased to 17.95*, up 80.7% after adjustment Total profits *****.7 million.Dividends and Bonus Issue. A final dividend of 7.50* is proposed, making
      335 words
    • Advertisement
      Page 11 Advertisements Column 2
      412 11 NOTICE Bousteadco Singapore Limited Notice off Annual General Meeting NOTICE IS HEREBY GIVEN that the SIXTH ANNUAL GENERAL MEETING of BOUSTEADCO SINGAPORE LIMITED will be held at Ist Floor, Maritime Building, Collyer Quay, Singapore 0104 on Friday, sth June 1981 at 12.00 noon for the purpose of transacting the following
      412 words
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  • Article
    Mine operators resume work
    326 12 MORE THAN 75 per cent of all gravel pump mines in Malaysia have resumed full productive operation. Most of the rest are expected to do so within the next two or three weeks, Primary Industries Minister Datuk Paul Leong said yesterday. He said 551 out of
    326 words
  • Article
    Five cases of cholera in past week
    157 12 FIVE people have been infected with cholera in the past week, the Ministry of the Environment said yesterday. They were a 79 year-old woman staying at Jalan Chegar, a 19 year-old girl at Chua Chu Kang, a 25 year-old girl at Loroog Limau,
    157 words
  • Article
    Lock icon Asean offers best opportunities
    595 12 Reuter AP ASEAN countries, especially Indonesia, offer some of the best opportunities for American business in a period of slackening world economy. According to an economic report published by the US embassy in Jakarta, US sales to Indonesia last year grew 58 per cent to US$l.5
    Reuter; AP  -  595 words
  • Article
    Lock icon LOANS FOR BEIJING
    504 12 Reuter JAPAN might supply China with a mixed credit of hard and soft loans to help Beijing revive some of the ambitious industrial modernisation projects it suspended last January because of a shortage of cash and energy resources. Officials in Tokyo said yesterday that Japan was studying
    Reuter  -  504 words
  • Article
    LONDON STOCKS
    862 12 LONDON, Tues. Equities closed easier today with last week's record levels attracting some profit-taking and at 3pm the Financial Times index was down 3.9 points at 564.6 having touched 564.4. Selling pressure was moderate and some shortcovering left a few issues above the day's lows. Falls on the
    862 words
  • Article
    Lock icon Dow Jones mixed
    112 12 AP NEW YORK, Tues. The stock market turned mixed this morning after rallying yesterday on signs that inflation may be abating. The Dow Jones average of 30 industrials, after hitting an eight-year high yesterday, fell 1.17 points to 1,014.77 in the first half hour. Gainers outnumbered losers
    AP  -  112 words
  • Article
    Lock icon Japanese companies will switch emphasis in EEC
    292 12 Reuter JAPANESE companies are certain to switch the main emphasis of their investment in EEC countries to production plants from marketing and service operations. In a study of EEC-Japa-nese trade, the Economic Research Institute said investment of this kind, which would secure jobs
    Reuter  -  292 words
  • Article
    Lock icon Exporters from Taiwan paying more attention to Africa
    311 12 AFP TAIWANESE exporters are paying more attention to the African market, once regarded as backward and insignificant, because of the healthy profits and bright potential it offers. With slackening demand in traditional overseas markets, such as the United States and Western Europe,
    AFP  -  311 words
  • Article
    Lock icon Textile agreement
    104 12 AFP THE TAIWANESE textile industry has agreed to a request for "orderly exports" of textile products to Japan. At a meeting of the Japanese and Taiwanese textile industries held in Tokyo, the Japanese side said a sharp rise in Taiwan's exports would dampen domestic demand for cotton yarn.
    AFP  -  104 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      367 12 ROCFLOOR Resin flooring many times stronger than concrete covers new or old floors chemical resistant strong and durable fast to install. BATIK A Batlka Singapore Pte Ltd tel: *****44 STOCKS THAT ARE STARTING TO SOAR Why timely New York buys are refuting the alarmist view While Wall Street sages stare
      367 words
    • Advertisement
      Page 12 Advertisements Column 2
      163 12 Haweyoua foreign exchange requirement? \Afe have the capability The Australia and New In Singapore, enquire at Zealand Banking Group Limited. 6th Floor, Ocean Building, The ANZ Bank is the leading Collyer Quay. Phone *****5. Australian bank in South East Telex *****. For foreign Asia for foreign exchange dealings exchange Phone
      163 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      61 12 msxmim Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report for 24 boars prior to 7JC pan m April 21 at the airport. Maximum temperature 30.6 Associated humidity 74 Minimum temperature 24.3 Associated humidity 92 Hours of sunshine 0 .25 Rainfall in millimetres 0.3 Total rainfall
      61 words
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  • SHIPPING TIMES
    • Article
      New PSA office for port master's unit
      183 13 THE Port of Singapore Authority's Port Master's Department will move from its present location at PSA to the 19th and 20th iloor at Tanjong Pagar Complex on April 25 and 27. Following the removal, the shipping community is advised to note the new
      183 words
    • Article, Illustration
      Segani Shipping will deploy another ro-ro
      464 13  -  By G DURAIRAJ SEGANI Shipping Sdn Bhd. which began a roll-on/roll-off service last month with the largest carrier of its kind in the Malaysian intraport trade, will place a similiar capacity vessel on the run by the end of the year. The company's 1,198
      464 words
    • PORTSIDES
      • Article
        Change in stevedoring
        98 13 IN A major shift of policy since cargo handling operations became a state monopoly, the Sri Lanka Port Authority has handed over the stevedoring of the Prima flour milling complex at China Bay, Trincomalee, to the Singapore-Chi-nese company which owns the mill. With cargo handling operations entrusted
        98 words
      • Article
        Solving mutual problems
        118 13 THE JAPAN Shippers' Council has expressed its wish to work together with other Asian shippers' councils to solve mutual problems arising from increasing fuel prices, says the Sri Lanka Shippers' Council. It quotes Mr Y Inayama, president of the Japanese council, as saying that many countries have
        118 words
      • Article
        Garware to expand fleet
        83 13 INDIAN shipping line Garware Shipping plans to expand its fleet by acquiring two or three secondhand ships. The cost of the vessels is proposed to be financed partly by a R522.5 million share issue and a foreign exchange loan. The managing director and chairman of Garware
        83 words
    • Article
      INDEX TO ADVERTISERS
      775 13 Skipping Use P»g* CM Shipping Uae PMe CM Achipelego vn l Flotta Lauro V 5 A dm tic VI 5 Fortune VI 5 A/ea VI 1 Franco-Brig m 4/5 Afro-Eurasia VI 2 Frata NVOC VI 2 A1 Navigation VI 2 Freight vm 1 Alfred CT vm I
      775 words
    • Article
      Valmet delivers ro-ro ship to Baltic Shipping Company
      332 14 A LARGE 22,447 tonnes deadweight ro-ro vessel Anatoliy Vasilyev was recently delivered by Valmet Oy Helsinki Shipyard to the Baltic Shipping Company of Leningrad. The vessel was completed in a noticeably short time and it is the first of two sister ships
      332 words
    • Article
      Container Schedules
      934 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL Vessel's Voy Estimated Shipping i Gdn Mode of Name No. Time of Lines Operatn Arrival Date Time Unlcon 52S 22.4.81 1500 Uni-Ocean TA 4 vc New Pony 10S/11N 22.4.81 S'pore Shpg TA 4 Tambang VII 725 23.4.81
      934 words
    • Article, Illustration
      Polish sulphur load at PLA dock
      165 14 PLA's enclosed dock workforce again showed its ability to handle all types of cargo when 3,040 tonnes of bulk sulphur were discharged from the mini-bulker, Sylvia Delta, in under 5 shifts at 13 Berth, Royal Albert Dock recently. The sulphur from Poland, the first
      165 words
    • Article
      Mersey docks expects redundancy target
      232 14 THE MERSEY Docks and Harbour Company seems certain to meet its target of 1,000 voluntary redundancies in the two months to the end of April, and as a result should qualify for continued assistance under the Ministry of Transport rescue package for Liverpool and London
      232 words
    • Article, Illustration
      Salvana leaves Singapore
      274 15 THE departare of the 39? gross too salvage lag SmJvmji* from Singapore to Maaila on April 11 marks the close of a chapter la Singapore's marine salvage history and a nostalgic occasion for maay of the staff in Seles Salvage. Her arrival in 19M marked the expawdoa
      274 words
    • Article
      SIX-MONTH WAIT ON SUEZ CANAL'S NEW PROJECT
      385 15 THE Suez Canal Authority is to decide in about six months whether to go ahead with a $900 million project to enable fully-laden tankers of 260,000 tonnes deadweight to use it. Chairman of the authority Mr Mashour said he hoped the project would
      385 words
    • Article, Illustration
      Dutch merchant fleet declining steadily
      949 15 SIZE, by itself, is no criterion of quality, as all the arguments for and against big being beautiful will quickly testify. But if diminishing size is accompanied by a fall-off in standards generally, then one may conclude that the qualitative rot has set in and
      949 words
    • Article
      Lock icon New container terminal for Philippines by 1985
      670 15 Business Day THE Philippine Ports Authority (PPA) has plans for a new domestic container terminal to shift some of the container traffic from the North Harbour by 1985. Construction of the new terminal, which will also complement the Manila International Port (MIP), is
      Business Day  -  670 words
    • Article
      SHIPS IN PORT
      439 15 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alkaios (after Fuso Maru) 33 34 Bum Chin (Tanker) (after San Juan P/O subject gas free) 15/16 Bali wag Dos (0600 after No. 7 Do nam) 38 39 Eizan Maru (1600 after Bulat) 19 Hugheverett (0600 after Privolie) 45 Jenson (0700 23
      439 words
    • Article
      SHIPPING LIST where your ships are due...and when
      1235 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. PN
      1,235 words
    • Article
      World Services
      491 20 US WEST Coast-Ik Continent: East Asiatic Company is doubling the number of sailings between the west coast of North America and the UK-Continent during 1981. This year,the company plans 20 sailings, compared with 10 in 1960. Four ships will be in service full time, and other ships are
      491 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      456 13 Everett Lines FOR THf MOST FREQUENT SAILINGS TO BANGKOK HONG KONG JAPAN BUSAN CHITT AGONG CALCUTTA CHALNA RANGOON BUENOS AIfJES MANZANH.LO AC APULCO Everett Steamship Corpn. 8/A CMtord Centre Singapore 1 Tel ***** 9 36 Beach Street Penang Rm 36 103 OCBC Btdg lei ***** 3 Port Kelang Agents SOCSHIP
      456 words
    • Advertisement
      Page 13 Advertisements Column 2
      372 13 lUSEALORDH UNITED ARAB SHIPPING CO (SAG) EXPRESS MULTI-PURPOSE SERVICES MM. KJTM *33 25/4 M.m Qaboos (7/5) BN HUM 31 27/4 U Dubai (231b). U FUIMRAH 1 25 kccmtom Bmtm* OUT BSE (!7ir wm ba (M). miihv (5/6). Ate Dhabi (1/6). i (11/6. Kuwait (14/6) Iftna Qaboos (30/5) ■N BASSAM *33
      372 words
    • Advertisement
      Page 13 Advertisements Column 3
      616 13 A" VS\\U-SS N T"\ SINfViPORJ business FOR v PEOPLE WHO MATTER Times Periodicals PiOcoflon TO: U S. PACIFIC, GULF, ATLANTIC, EAST CANADA, ASIAN PORTS *****2222 SINGAPORE CLOSING TMES CY 19tti April 2300 MRS CFS 19tti April 1100 HRS TO: BELGIUM, HOLLAND^GERMANY, SCANDINAVIA. SWITZERLAND, AUSTRIA, FRANCE I 1.1 II I 1.1
      616 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      746 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 Sernce To Eiwpt feeder »P Kelang Vessel S'poce 1) Mseilles 2) Rdam 3) H'burg 4) Gbui B PENAGA 24/4 SELANDtA 28/4 13/5
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      Page 14 Advertisements Column 2
      273 14 SUPERCARRIER SERVICE FROM: US GULF US ATLANTIC EAST CANADA 22/4 25/4 23/4 1/5 5/5 «/5 U/5 U/5 11/5 7/5 11/5 15/5 l«/ 5 11/5 1/5 U/5 11/5 21/5 21/5 24/5 27/5 J/5 21/5 25/5 5/5 M/ 5 l/« 3/1 5/5 U/5 KIT AMHVM.S "BARBER TOBA" Ma, 2. "TERRIER" m, 7
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      Page 15 Advertisements Column 1
      875 15 Overseas Containers Limited Weekly service to/from UK/Europe STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok COMMUBHT gWICt TO UR/CONIMMT: trwt *'<»" STa Spar* Plain* DM Drew »'arp leHeere lU. "ft f T »*m is thy 21 Mey n May u thy v Hit UM,Euros 4»t (St nrn amy
      875 words
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      Page 15 Advertisements Column 2
      330 15 rfa Franco Belgian Services (>'.» Fast Fr,-..fh .\,T, »<•« ni: B, ;ian t\ir F.ts:,rr. I.trfy wu ammaar ma to mnawmw SfOH P I(U>X PENANG OMU (B) 14 Mar full cowTwcoHr sotwa rtow KuraamAw I nrtu tor Parte Ikn LfcmMa. Dm* MMM* Im. o*ar. Mm SEAPAC CONTAINER SERVICE frn COWIAIP setup
      330 words
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      Page 16 Advertisements Column 1
      849 16 I Hapag-Lloyd TO NORTH EUROPE Eipress Haa*w| Eipress TO MEBTEMAKA Spore P Kelanj H'burg B ha»en Rdam Le Ha»re Antwerp 29/4 30/4 19/5 21/5 22/5 24/5 4/5 6/5 77/5 29/5 30/5 1/6 12/5 14/5 5/6 7/6 1/6 10/6 18/5 20/5 10/6 12/6 13/6 15/6 26/5 13/6 15/6 16/6 18/6 TW
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      Page 16 Advertisements Column 2
      552 16 1 1 KOREA SH,mNG CORPN 4> c n an Algerian National L ine SPECIALISTS DEAL WITH SPECIALISTS WEST BOW) FAB EAST /MEDITERRANEAN SERVICE STORE P KLAMG LOAONG FOR +BEL ABBK (1979) »/30 Apr 1/2 May Twa/Pt S». Lmb/VHcocu/ A%tf +BECHM (1971) 25/27 May 21/30 May Tiaa/Pt. St. Lous/Vaimcia/ A%cr EAST
      552 words
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      Page 16 Advertisements Column 3
      673 16 EVERGREEN LINE r FAR EAST/EUROPE EXPRESS FULL CONTAINER SERVICE 1 ALSO ACCEPTING CARGO FOR: UNITED KINGDOM SOUTHAMPTON. LONDON, MANCHESTER. BIRMINGHAM, BRISTOL, LIVERPOOL. GLASGOW, LEEDS. ETC WEST GERMANY BREMERHAVEN. OSLO. STOCKHOLM. GOTHEN BURG. AARHUS, COPENHAGEN HOLLAND AMSTERDAM S pan MM) Hwtvt bttart* FrtniMt IMwmf U Htwt (•v few* x/M i»/05 20/05
      673 words
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      Page 16 Advertisements Column 4
      1387 16 FAR EAST/MEXICO CENTRAL AMERICA SERVICE "on TMM through Bi of Ladng" lOAONG FOR [NSINADA MAN/AMUO ACAPIACO ACAJUTIA CORMTO SAN JOSI PUNTARtNAS (COSTA MCA) COATZACOAICOS. KRACRW ANC TAMHCO MTH TRANSHMKNT AT HONGKONG OR lAPAN Penang HUOfWKTT THOMASfVOfTT MUttAtniKTl 30/ 2 May f Kaianf Singapore G*i 45/23 Apr In Part/22 Apr 23/24
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      937 17 PIL GROUP FULL CONTAINER SERVICE TO COLOMBO, HODEIOAH, JEDDAH AQABA (Reefer Cntrs Acceptable) SEA. Container Feeder Service SINGAPORE/BANGKOK/HONGKONG/MANILA ACCEPTING LCL/FCL/REEFER CONTAINERS/ IST CALL 2ND CALL iTgroTTTV ?_v m :i EE NEP TOPAZ 38S/39N NEP ZIRCON 38S/38N NAVALIS 20S/21N NEP TOPAZ 40S/41N 25-26/4 3-4/5 28-29/4 6-7/5 23-24/4 3-4/5 12-13/5 28-29/4 7-8/5
      937 words
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      Page 17 Advertisements Column 2
      823 17 BEN LINE CONTAINERS 10 EIMOPE Haifta* [i|rnt Mantel Eipreti liMlkn tonni Eipreti imiiMm lap Ray Ci»r 4 EXPRESS CONTAINER SERVICE TO/FROM EUROPE H BURG B HAVEN ROAM MAI(RE SO lON S pott P Aetinf Germmr' Austin Antwerp France Al UK FROM EUROPE H BURG B HAVEN R DAN HAVRE SOION
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      Page 17 Advertisements Column 3
      709 17 f y i i T I I K K A 1 i •5* 5 I I 5 I Scan Dutch 9 WEEKLY EXPRESS CONTAINER SERVICE TO MEP/UK/NC/SCAN rowut ?i« e dm* i/s 1 P!«U I i B OMU !i.) B PUMGA 22/s a DM» as Accepting tw I) Ra'cMona Oooa
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      Page 17 Advertisements Column 4
      575 17 BOUSTEAD SHIPPING AGENCIES BANK LINE FOR REUNION ft S. AFRICA STREAMBANK Spore: 3/4 May (loading direct tor Durban and Capetown only) Linos U.S. WEST COAST SERVICE Ovkl from SfO Ibcft ASHLEY LYKES 11/4 11/4 LESUE LYKES 3/6 31/5 SPOK 25/5 2/7 St* TK VBC 21/6 22/6 2S/6 31/7 1/1 4/1
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      877 18 Kline FEIDM KtSStlS* PR Nord Bar V 5 24/ RaStui 13N Nord St* V 3 tarfcr teeter .«s* >'•*** <* Cvwi Ku acceptable tar Oakland. Vancamr Portland. Hauatan. Gaheitor New Ofcjm BntaT St Mr. r*J<Wu Nor** Bafcmor. Sa.annalv lackwnek TO EUROPE m rmTim 7SN Port 11/* 11/5 I//5 l»/3 W/9
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      Page 18 Advertisements Column 2
      658 18 fis CALIFORNIA (PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER SERVICE tM** tor lOS ANBUS SAN FRANCBCO SEATTIE lACOMA VANCOU** BC Accepti<| fCI/FCI Contafwrs P Srflfapore 1 Anpm WSHVt PARMAI" 3 May 4 Mar 30 Mat WSMVA HAfUUA I J AUSTRALIA EXPRESS CONTAINER SERVICE Acc*)ta( fCt/fCI Contanert PKetanj Spore Bri IMb Mn
      658 words
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      Page 18 Advertisements Column 3
      555 18 A(>r«»up SINGAPORE SHIPPING AGENCIES PTE LTD 20TH FLOOR OCEAN BUILDING SINGAPORE 0104 MARKETING *****2 (3 LINESI GENERAL *****1 114 LINESI TERMINAL OFFICE *****83 TELEX RS ***** RS ***** A/B CARSMIP CABLE CARGOSHIP irnmi l?c<|i»nal Container Lilies WEEKLY CONTAINER SERVICE to/from BANGKOK SMGAPORE h PI/23 Apr 25 2* Apr J /4Mar
      555 words
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      Page 18 Advertisements Column 4
      641 18 KORINS MARITIME SERVICES !5 Room 601. ICB Building Shenton Way. Singapore Tel *****22 *****67 P Kelang Tel *****4/*****5 MIDOLE EAST/RED SEA/EUROPE SERVICES WARSAW ICR LIIMtS A aeaber at the Swct tna* el Caai|wn LMR SERVICE FROM KOREA/TAIWAN HONG KONG TO SINGAPORE Inchon Bus an Keelung HAong Spore SAMK* 1 May
      641 words
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      Page 18 Advertisements Column 5
      700 18 INTRASEA (PTE) LTD. Faber Mouse 234E Orchard Road Singapore 9 Telephone *****11^*****57 v atom ASIA-Liar* REGULAR ICEPEICENT SERVICE TO EUROPE S'pwt f KeUn( Penang loadng tot mangel EIBEAVOUR mm M Port 23 Apr ROTTERDAM UK (AVON) AMAMGEI HARMONY NBIO9 S May 9 May RDAM, W (AVON) NORASIA NBUO 2 lun
      700 words
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      Page 19 Advertisements Column 1
      595 19 Also accepting cargo to/from Scandinavia C CONTAINER S pore Closing Times: FCL Cargo 1000 29/4 LCI Cargo 2200 28/4 FROM EUROPE (VIA SUEZ) TO AND FROM AUSTRALIA: Also accepting cargo to/from Bangkok and E Malaysia TO WEST COAST (USA)/CANADA We accept LCL Cargo. Eastbound To: Seattle, Oakland, S. Francisco. Longbeach,
      595 words
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      Page 19 Advertisements Column 2
      418 19 MALDIVE LINES ETA ETA KUANTAN PORT KELANG MALDIVE PROGRESS Loading For Kuwait MALDIVE PWKER Loading tor ieddah MALDIVE NOVEL Loading tor ieddah MALDIVE PEACE Loading For Jeddah MALDIVE ■TORTER Loading For Male MALDIVE reoeoift Loading For Muscat/Dubai/ Dammam/Kuwait MALDIVE PLEDGE Loading For Aden MALDIVE PROMOTER Loading tor Kuwait FOR BOOKINGS
      418 words
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      Page 19 Advertisements Column 3
      449 19 NOTICE. Dn( SUE LINE 1 M.V. DONG VUN VOY. arrived 17.4J1 AT PSA Oriiw M 41 General Survey on damaged cargo discharged ez the above vessel will be held on Monday 27th April IXI as from 9 00 am to 12.00 noon No further survey will be held after this
      449 words
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      Page 20 Advertisements Column 1
      644 20 FLE FREIGHT LINKS EXPRESS PTE. LTD. Ml 1443 141k FtM>, Wtnubßttl Pbia. Am» Read 02»7 I# *****45 (5 Lmi) 221»4»4 I«t»i RS ***** FRTMAA Auatralia-lnterfreight Line Acceptinf FCL and LCI to Sydney. Mdbowne, Brisbane. Adelaide. Fremantle New Zealand Auckland. Lyttetton, Weinfton, Napier and Dunedin Europe/U.K./U.S.A./Canada Al Major Ports and Carfo/Container
      644 words
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      Page 20 Advertisements Column 2
      655 20 ALFRED C. TOEPFER LINE REGULAR SERVICE TO MEDITERRANEAN V PORTS OF ITALY. SPAIN. FRANCE TMBER SERVICE S pore P Kelang Ldg For MV GRAND FILCITY' 1 May 3 Ma, Trieste Montatcone leddah SEA CONSORTIUM (PTE) L TO. SINGAPOfiI Til *****33 111 US ***** SUB AGENIS PENANG ?5933 PKELANC MARINf TEI
      655 words
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      Page 20 Advertisements Column 3
      387 20 THE NEW STRAITS SHIPPING CO (PTE) LTD CHITTAGONG/CALCUTTA SERVICE ETA ETD ILV. AMMUKDA 23 Apr 25 Apr Ch.ttagong M V MAPIf WOOD 27 Apr 1 May Calcutta/ Chittagong BANGKOK SERVICE HV. MSMM 25 Apr 27 Apr Bangkok 151 sth Floor, Realty Centre. Enggor Street, Singapore 0207. Tel *****07/ *****22 JOHORE
      387 words
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      Page 20 Advertisements Column 4
      329 20 KAWASAKI KINKAI KISEN KAISHA, LTD. JAPAN/STRAITS/JAPAN FuHy Containerised Service Vessel Tokyo Kobe S pore PKeUng Penang S pore Tokyo Kobe NORDMVVS SM SM 22/4 24/4 23/4 2S/4 5/5 8/5 NOROSTARV3 27/4 2S/4 10/5 12/5 13/5 15/5 2S/5 29/5 SMGATORE: Bowtead *****4/*****5 V. MALAYSIA: Harmw Cmfaid KL ***** Metang (701 Harper
      329 words
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      Page 20 Advertisements Column 5
      437 20 r. P, OCEAN LINES REGULAR NON CONFERENCE SERVICES MEDITERRANEAN SEA SERVICE (Aho accepting carp tor Rifeka Bouffas Constarua s»b»ect to inducement) S pore P KHanf Penang I o*)*c tor EASTERN PEARL V.IN 6 7 May Part Said/ AfeiandruLvustd Prawn/BBnit/Lattakia/ OWNED VESSELS SAGASIA PTE LTD. (LOUIS OREVFUS GROUP Of COMPANIES) T«t
      437 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      160 20 Regional Weather m ti m t A fi <r» 85 smtk IK SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. C yA jr-Y Win* Wind direction with speed in knots R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots Rain Wave height Cloudy Sky Surface
      160 words